would you live in a country that use bitcoin as official currency?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
Should there be a country that uses bitcoin as the main exchange for services or products, I would probably leave that country and transfer to another due to various reasons. First, bitcoin itself is very volatile and decentralized in nature. Meaning, its price varies ever single minute and this might result to a change on the prices of goods every now and then without sudden notice. Second, in the event that bitcoin value's falls, then I guess that massive inflation would likely be the case on that country. Lastly, payments being digitalized will always be subject to hacking and scamming which would tarnish its name on the long-run. |
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like Gollum in Lorn of the Rings. i sit on top of a rock every night and i start caressing my paper wallet and mutter these words: "It came to me, my own, my love, ... my precious"
I value Bitcoin as a possession of mine. It is like a greatest possession i'll ever had. The highlight of this year is my friend telling me the wonders of bitcoin after I failed my exam. Fortunately, another blessing came true and he supported me into making my first journey towards my bitcoin adventure. Currently, the campaign signatures that I am participating help me in my expenses as a college student. Also, the money that I earn does not compromise the time I needed for my studies compared to others who engage into part-time jobs as clerks, or as front desks helpers. Even if we all have different views and experiences on bitcoin itself, we cannot change the fact that it all helped us financially and mentally as an individual. |
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We all can lose in gambling and lose our money but shall we stop or try to win back what we lost ?
This is what I've been talking about. Winning/losing in gambling creates this endless illusion of you, going-in and out of it because your mind thinks that you can actually win more, or win back your losses. This is very dangerous because this what kills an individual into exhausting all of his money due to that current mindset. Once you start losing on a streak, you should stop immediately and never come back again. Thinking that you can win back your losses would only result to a continuous array of losing again and again until all of your resources are depleted. |
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It is somehow possible that many governments are trying to put taxes on use of cryptocurrency to regulate its use but the miners , traders and bitcoin users will oppose such action for sure . The most important of bitcoin is that it is decentralized , and putting taxes on it will be like destroying the key feature of bitcoin .
Rivals will try their best to turn down bitcoins.
Obviously, the government will exhaust and consider all of the possible means in order to regulate and impose tax on bitcoins due to the increasing number of users every day. Due to its decentralized nature, the government cannot impose tax, but the problem rises when an individual is paid using bitcoins as his/her salary. If he/she would send his annual income report, then he must disclose all bitcoin salaries thus making him a criminal for not paying tax. It is a very complicated process as no laws are specifically made for bitcoin. Therefore we must enjoy the benefits of it while still not paying taxes because I believe in the future, they will impose it. |
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why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
the government does not see the development of bitcoin, I think bitcoin greatly helps the development of a country. If the government will recognize bitcoin because of its benefits and the possible ways that will give them to help them to make more money then for me there will be no banning in bitcoin because the government are just afraid right now because of the decentralization that bitcoin has so they are banning bitcoin but if they will see the good or positive side of bitcoin then the banning will not happen. I think that the government already is acknowledging the benefits of bitcoin to the society, and their move of not banning it is already a blessing to us. Mainly, countries ban the regulation of bitcoin since no government or organization can identify the transactions made by an individual under the dark web or the internet. Thus, it will be the perfect vessel for offenders to use it as a medium in order to buy illegal drugs, child pornography, etc. Personally, I believe that the positive effects provided by bitcoin supersede the negative effects of its decentralized nature in the market. To think that bitcoin has the method of earning extra income already defeats the negative effects since most of the population nowadays are on the marginalized sector. It serves as an equalizer to the society since everyone has equal opportunities or rights to earn one. |
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Just want know how much the gamblers who use analysis when play gambling and what kinds of gambling game? And do you think it is needed or not making analysis on gambling game or it is depend on lucky. Thanks for share your opinions and experience.
I do so much analysis when I do play poker or any card games but when it comes to dice,roulette or wheel of course i do not want to take time analysing each round. If you think that by putting analysis on your gambling will work, then I don't blame you for that. We must exhaust all the means in order to reduce the risk of losing the round or all of our money but at the end of the day, we tend to regret most of our decisions when we lose in gambling. There are some people who even research methods or apply the application of probability in order to increase the chances of them winning. Hopefully, people would realize that by even applying analysis or mathematical application to gambling, you are still playing with risk. There is no guaranteed that you will win/lose even if you use those methods. Instead of gambling your money for quick profit, just invest it and wait for its value to increase. In that way, you are also risking but the chances of you losing your investment is relatively lower compared to gambling. |
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1) Are you used Bitcoin to buy illegal staff  2) which better to buy legal things Bitcoin or Normal Bank system (PP,payeer,cash ,.............) For number one, I mainly use my bitcoins primarily for investment purposes and for extra cash. I do not use it anywhere else, especially under the dark web for illegal transactions since I would've waste its potential. Considering bitcoin's decentralized nature, it is no wonder that there is this stigma that people think about bitcoin being illegal. Hopefully that mindset would change and shall be replaced with the opportunities it provide. For number two, it really depends on your personal preference. Some people utilize bitcoin as a payment into paying for their monthly obligations or for paying it to retailers. This is also highly dependent on the shop that you are buying if they are accepting bitcoin as a payment. There is no problem using bitcoin or fiat as payment, but fiat is better with regards to the availability of shops, services, and trades accepting it as payment compared to bitcoin, being limited. |
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So recently I was using this app called Instagram (in case some of you never heard of it) and I posted some pictures & videos related to Bitcoin on my Instagram Stories (Like that day when the price goes insanely high and keep going til now). Then 2 days ago some of my friends suddenly asked me about what Bitcoin is & how could the price goes up like that. And I was surprisingly glad to know that I've influenced some people to get to know Bitcoin. And then I introduced them to Bitcoin and answer their questions about it, there were 3 people asking about Bitcoin that day just because of this 1 post. I mean why don't we just use this power of social media to make people aware about this Cryptocurrency, well I know that there are already some people doing this (like those YouTube channels). But what I'm talking about here is to us to post something about Bitcoin on our social media, you can just at least post something like your first transaction with Bitcoin and share your story on your Facebook or take the picture of your book that you just bought from the internet using your Bitcoin and then post it on your Twitter. Don't be afraid to share your experience, you won't get hurt by doing it! (at least not now)Social Media is a new platform for Entertainment, Information, Communication, etc. And it is a good thing that hile you are surfing you can earn bitcoin and be rich. Personally, I consider social media to be one of the primary reasons for the success of bitcoin throughout the years. Like the example that you gave, people were curious about its investment properties and attributes and that is why their curiosity killed the cat. Whenever new investors come into play, this increases the price of bitcoin basing it on the law of demand and supply. The more new investors are coming, the more its price increases! Soon, our technology will inevitably advance further and no-one knows what bitcoin's future is, but I guarantee you that it even might reach the $10,000 by the coming year. |
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I predicted in the coming year the bitcoin price of $ 10,000
May I ask for the basis of that prediction? It is very unlikely that bitcoin would reach $10,000 by the end of the year due to a number of external factors that may happen like ICO prohibitions similar to China, bitcoin hard forks, or even a world-wide ban on it. It is very hard to predict its price and we must consider the movement by looking at the news to bitcoin. Currently, bitcoin is on the positive side of the edge since its value has increased over the past few weeks. Recent news show that even billionaires consider bitcoin as a great investment and people are mostly underestimating its value. Source: https://www.cnbc.com/2017/10/26/bitcoin-underestimated-peter-thiel-says.html |
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Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other.   Paper money has existed way back in the early times of history when people invented a main medium of exchange, instead of relying on the barter system. When they found out the potential of paper money, this circulated through out the world and has been accepted as the main payment for all types of goods or services. The determining factor of the price of fiat is due to the gold reserves per country. The more gold the country has, the more value their fiat is compared to other countries. For electronic money, obviously they exists within the realm of the internet and cannot be accessed without it. The money is digitalized and the transactions are relatively hassle-free due to the convenience provided by the internet. The downside is, it is definitely subject to hacking and scamming since hackers nowadays can easily get your money from the internet. Also, not all people have electronic money due to the discrepancy of each country in terms of their economy. Some countries are developed, thus making their technology advanced compared to countries who are still on the developing stage. |
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I have an opinion that the causes of BTC prices are down:
some people make negative issues like what JP Morgan did.
in addition, some technical and network improvements can make BTC prices fall.
like hardfork in last agusutus.
yeah i agree with your opinion alot of people make bad issue about BTC they dont know alot of people using BTC to Earn a living!!!! Not to mention, there are a lot of external factors that affect the prices of bitcoin and contribute to its high volatility. Like you mentioned, hard forks, ICO prohibitions from countries, bitcoin ban on a country, and also by applying the law of demand and supply. Last month, bitcoin prices dropped significantly when China announced that they will ban ICOs in their country, which resulted to a massive impact on the global market of bitcoin due to the sheer volume of people who invested in that country. Lastly I want to point out that despite the irregularities and dropping of prices, bitcoin would regain its value in the market by attracting new investors per day. |
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Can bitcoin be the world's currency?
It is quite possible that bitcoins become the world currency and replace us dollar in the market. Right now, it reigns the crypto currencies so take more years and more people will use bitcoins in their transactions. Once it solved its issue in its value volatility, it can have its position in the world market as both an asset and money. It is advisable in the future since our technology will inevitable advance towards the digitalized revolution and payments. The only hindrance to this development however, are the countries who are still on the developing stage due to its lacking technological aspects. Those countries are still adapting to the change and are still fixing their respective problems, which technology might not be their main priority. If we make bitcoin the world currency today, those countries wouldn't able to adapt to they system since most of the world's population are still on the poverty level. This would result into chaos in the economy and will further weaken their current state. |
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Bitcoin Talk Name: qwertyup23 Bitcoin Talk Profile: https://bitcointalk.org/index.php?action=profile;u=1022860;sa=summaryRank: Full Member Post Count: 479 BTC Address: 3BMD1MTeBBm1cJDfYYrMWKxt7YZHtHcwL3 If it's possible, I would like to transfer to this campaign which you are also managing. I really do hope that you consider my request sir Atriz. Thank you veru much |
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we really cant deny the facts that there are people nowadays who engages with bitcoin but doesn't fully understand what it really is. for them bitcoin is just a form of investment and a great way to earn money. but if you will ask them even just what is a blockchain they cannot explain it. that is why they cannot really promote it to other person since they dont know it for themselves too. therefore those of us who has knowledge must continue on teaching others so that it will be known to all people..  There's a reason why they don't know about those stuffs -- They are not interested about it. For them bitcoin is a mere form of investment and so that's how they treat it. They don't care what's going on under the hood. They don't care about the nodes and all that and that shouldn't concern you at all. It doesn't even concern them. What I realized is that as time goes by and the more bitcoin becomes like a usual currency, the more the technical part of bitcoin will be neglected. Supply and demand is just common knowledge, so people would know how bitcoin's price is determined. We don't have to teach them at all. Just imagine a teacher trying to teach Math class to an English major student. The reason why he/she took English as a major is because that's what they are interested on. It's not that he's totally not into Math, it's just that he's not interested. This is analogous to people only wanting to learn about the investment and money making aspect of bitcoin and not the technicalities. Convincing people who are ignoring bitcoin would only result to loss of time. Like what you said, if an individual is uninterested about a certain topic or discussion, they will not listen no matter how beneficial the thing really is. Most people do not know bitcoin since some are just plainly ignorant, others do not have any internet access which hinders their capacity into knowing things, or some are just unsatisfied and uninterested about it. We cannot blame them since all of us decide for ourselves but they certainly miss the opportunities waiting for them. It is very hard nowadays to convince people into investing, considering that bitcoin exists within the internet. Nowadays, there are a lot of of scam sites roaming around in the internet which contributes to their decision, thus making them doubtful and skeptical. But once you show them actual proof or evidence that you really earn (like receipts, proof of transactions, etc.), then you might be able to open their minds and change their heart, perspective, and attitude towards bitcoin. |
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You are very good mate think of future. Bitcoin legacy is also important and good for children. At least you have to teach them before giving them. The simplest way is just write all details and keep it well in some place that only you, your wife and children know. First you have to lock that place. And after we old, give it to children.
Saving your bitcoins for your children in the future is no different from saving any asset or investment for them to continue or to utilize. What's separates bitcoin investment as a memento to other different investments is its digitalized nature and the children can engage easily with the said investments. Due to bitcoin's convenient when it comes with its accessibility, it has the potential of exposing them to cryptocurrency, thus attracting new investors with the move. Personally, I am only worried about the wallet on where we will store it because it has the tendency to be hacked, scammed, or even stolen from you due to it existing on the internet. |
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So much so that 15% of banks world wide expect to widely implement blockchain, which is a ledger of transactions updated in real time by various institutions, by next year, according to the report which surveyed 200 global banks.
These banks, mostly medium to large-sized institutions, are focusing their blockchain technology on three areas: consumer lending, retail payments, and reference data, which refers to the real-time information sharing of transactions across business divisions and institutions.
In four years, IBM says that 66% percent of banks expect to have blockchain in commercial production and at scale.
the reason to buy bitcoin is to become a billionaire and get rich, if you have bitcoin this year and keep it up to 10 years to come then you will get a lot of profit. Most of people know that long- term investment in bitcoin will get big profit . It is up and down depending pchychology of human kind .Bitcoin is one of the best choice for you to invest . Maybe later your children will thank you for that decision The investment of the individual primarily depends on the goal that he/she is aiming for. For short-term investments, investing into bitcoin may be a double-edged sword, considering its volatility is very high currently. As for long-term investment, it may be the best decision since by basing your decision in the price history index, one can simply observe that bitcoin's price is increasing every day. The value of it tomorrow might be higher compared today especially when a lot of countries nowadays are beginning to accept it as an alternative payment. |
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It was one on the issue Satoshi saw the world needed it. But as far now it mainly use is trading for speculation by the newbie and holding by one who bought it years ago.
Of course it needs to be legalised FIRST somewhere. But after that a, will you buy something online and pay in BTC ?
Or it’s just a form of investment like gold was a decade ago ?
I used to use it to buy games from site like humblebundle but lately they don't accept bitcoin for the bundle they sold. Steam still accept bitcoin but it's a little bit expensive for me. The last time i use bitcoin to buy something is about 3 or 4 weeks ago. There are a number of large gaming industries who are starting to accept bitcoin as a payment like Steam, Blizzard, etc. These show a strong example on how bitcoin can influence large organizations into using it as an alternative payment for credits. This reflects its success throughout the years and shows a good-sign on how bitcoin may attract not only the investment perspective but also the gaming perspective. Lastly, due to its flexible nature of a digital currency, it also has the potential of gaining new retailers or organizations that exist in the internet. With these, this may further strengthen its price which shows a positive sign on the upcoming future. |
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Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
Due to bitcoin's decentralized nature, no government agency or corporation can ever regulate and control its price due, which adds to the reason on why it is very volatile. Also, due to certain factors like global events, ICO prohibitions, or even country prohibitions/legalization contribute to the factor on its volatility. There is also a lot of individuals who invest into bitcoin daily, and the law of demand and supply primarily dictates its price in the market. For your question, if you risked and bought some bitcoins during August 2017 which will cost you around $4000, you could've profited since its price right now is around ~$6000. If ever you have doubts on investing into bitcoins, then consider the price history to be your main basis on your decision. The graph shows that there is a steady increase on its price especially this 2017 due to a lot of factors mentioned. |
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If i sell my bitcoins to a site like coinbase at the end of the year do I need to declare that sale to the vat department and pay the 20% on what i received from coinbase ?
The VAT system only works if you buy something from a retailer or a shop, a product or a service using bitcoins. Due to bitcoin's decentralized nature, not even the government can regulate it, thus imposing tax would be impossible. Personally, there is no need for you to declare any VAT since it did not involve any transaction to a third party using bitcoins as a payment. Though it may be a case-to-case basis depending on your country, but I think it is not needed. |
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So if you look at it like trading stocks.. What's the best way to invest and trade bitcoin to make money?
Based from what I know, there are websites like usi-tech that lets you invest your bitcoins for months, and the pay-out is relatively good. The only factor that you must consider is the volatility of its price since the pay-out heavily relies on the price of bitcoins. Let's say that the price today is around $6000 and after 2-3 months it fell to $5500, then you incur a loss on your investment. Nevertheless, if you are going to based it on the price history index of bitcoin prices, then it might be a good idea to invest due to the consistency of the price increases. |
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