Bitcoin Forum
April 20, 2019, 07:20:40 AM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 4 »
1  Economy / Economics / Re: What happens when there is NO electricity? How does one trade with BTC? on: June 03, 2018, 11:23:24 AM
The answer could be find a place where there is electricity and internet connection at the same time. Because cryptocurrencies only exists in the virtual world.  So there would be no other way to trade coins without bot the internet and electricity. Maybe you could sell flashdrives, CDs, and other storage devices that has bitcoin inside it but without electricity you cannot open that storage device because to open it you would need a laptop, computer, phone, and other gadgets capable of reading this storage devices that needs electricity to operate. In short, when the world loses the electricity which disables people from using internet and gadgets, this coin would be useless and your money would also be lost.
2  Economy / Economics / Re: Factors that affects the value of bitcoin... on: June 03, 2018, 11:15:43 AM
There are a few factors that affect the value of bitcoin. First is the demand of the bitcoin. It is said that bitcoin have a limited supply then its price would mainly depend on the demand of the people using it. When people sell the coins they own, the supply of coins would increase decreasing its price and demand. Another factor that affects its value is the legality of bitcoin in a certain country. Banning this coin would decrease its demand which also decreases its value.
3  Economy / Economics / Re: I almost lost my rock solid regular job because of crypto on: June 03, 2018, 11:09:37 AM
Cryptocurrencies cannot really provide a sustainable and regular income for everyone. Cryptocurrencies could provide extra income for you. You could put your savings into cryptocurrencies and wait for it to grow but to focus and prioritize cryptocurrencies more than you present would be bad and is not a smart and efficient choice. If you are rich like a millionaire or a billionaire maybe cryptocurrencies would make you richer without working but if you are just getting by or is just earning enough to live and save some then you should still choose your current job.
4  Other / Beginners & Help / Re: How educate yourself about crypto? on: May 30, 2018, 03:57:08 PM
Internet provides almost every information we need. The only thing we need to know is where, how, and what to find. One reliable source of information regarding cryptocurrencies is bitcointalk. It provides factual opinions that came from experienced traders, buyers, investors, sellers of cryptocurrencies. Another one is the news on the tv and social networking sites. But be wary that they sometimes provide biased and false informations on different subjects. News on this platform have the power to influence the opinions of people watching it or reading it so let us be careful.
5  Bitcoin / Bitcoin Discussion / Re: What does bitcoin need to improve? on: May 30, 2018, 03:53:02 PM
1. Bitcoin needs to lower the fee for every transaction.
2. Bitcoin needs to process payments faster.
3. Bitcoin needs to be more stable.
4. Bitcoin should be accepted by every country.
5. Bitcoin needs to boost it's own popularity and reputation.
6. Bitcoin should be innovated from time to time to make sure they are updated and is still as competitive as it was.
6  Bitcoin / Bitcoin Discussion / Re: Can we make sure that our money we invest in Bitcoin is safe? on: May 30, 2018, 03:44:13 PM
Bitcoins are almost hack-proofs because they have this intricate security system that makes it difficult to hack coins. One thing about this system is the addresses of the coins are very unique and complicated. Guessing numbers and letters is just as possible as you think. Number two, the wallet is the one to blame. Different wallets provide different levels of security finding a good and reliable is one key to hacker-free investment.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: What kind of investor are you? on: May 28, 2018, 01:58:17 PM
I could consider myself as the noob because I am still a beginner and is still learning things about bitcoin and cryptocurrencies. Have a coins account and is working on a bounty campaign. I have heard this from my classmates who are continuously earning through bounties. I am grabbing opportunity from this thing and is hoping to get some profit too. I invest in cryptocurrencies specially bitcoin through my income in this bounty programs that I get involved in.
8  Economy / Economics / Re: Charity Accepting Bitcoins? on: May 26, 2018, 04:09:49 PM
If charities cannot accept bitccoins then maybe convert it to the currency of their country then send it to them. It must be costly but atleast you helped someone with your bitcoin. It would be possible if cryptocurrencies would have a physical form like paper or coin or if majority of people started to purchase items using cryptocurrencies. I see it that cryptocurrencies have the potential to be used worldwide but as time goes by cryptocurrencies double in number, new cryptocurrencies are created as months come and it would cause competition in the cryptoworld.
9  Economy / Economics / Re: Why do people think everyone is a scam? on: May 26, 2018, 03:55:11 PM
People think everyone are scammers basically because they just cannot differentiate the truth from lies. Lack of research because of lazyness of lack of references could be one reason behind. And people nowadays are very careless. They put their noses everywhere. And they should be oriented correctly. Because their carelessness could lead them to suffering. Another reason behind distrusting everyone and thinking everybody is a scam is because there are more scammers than legit ones. And in some instances real ones are hard to find because they seem to be like scam ones.
10  Economy / Economics / Re: Wise thing to do with your savings. on: May 26, 2018, 03:31:23 PM
The wise thing to do with your savings would be to invest it in something that gives you a profit out of that investment you give which is basically the essence of investment. It would be bad to stack your money in your own wallet or vault. It would be good to put it in somewhere where it would eventually grow maybe after a year of being invested or even months. For people who likes to risk, cryptocurrencies are good for you. And for people who do no want much risk, you should invest in companies or banks that has established good reputation in the society.
11  Economy / Economics / Re: bitcoin vs world economy on: May 22, 2018, 02:47:23 PM
Bitcoin cannot sustain itself even today when bitcoin's price is very high. When you ban the countries that contribute to bitcoin's continuous success, bitcoin will fall eventually. Because it is still dependent on people's demands and preferences. And even though bitcoin has made a reputation on the world, majority of our population is still clueless on the things about cryptocurrencies and how they work. And another thing, bitcoin is mostly dependent on the world's economy. It rides the waves of the economy of each country and depend on people's success.
12  Economy / Economics / Re: Bitcoin can change economic? on: May 22, 2018, 01:58:52 PM
Bitcoin is changing the economy of the world because it has created a more efficient and faster circulation of money. It has also generated jobs for people who are at home, student, and jobless people. More companies, shops, websites, and other online stuff are more alive than ever because of bitcoin. It has opened more doors for people who are struggling to earn money. Though bitcoin still has flaws. It will soon be flourished us time goes by and innovators of bitcoin make bitcoin better for people who uses it. Bitcoin really is a miracle and a revolution to the world.
13  Economy / Economics / Re: what will happens if everyone has own currency, doesn't a bad for Economics ? on: May 22, 2018, 01:18:34 PM
It would not be possible and it would be bad for the economy of the country. Imagine a world where everyone has its own currency. There will be chaos and confusion, why?
1. How would anyone know the value of each coin if they all belong to different people. Imagine different kinds of currencies in one country and to be exact a million currency in your own country. It would be too confusing to determine the value of each coin and it would be disastrous.
2. All people having one of a kind currency is like having different stones. You value your stones differently so how would you accurately buy and sell different items and services.
3. A designated currency is created so that the people will unite, for the people to have a common thing to share to each other. Bitcoin is trying to unify the world by providing a reliable and usable currency for everyone.
14  Economy / Economics / Re: Study says being rich is determined by chance rather than intelligence or talent on: May 21, 2018, 05:11:07 PM
You can be rich by chance, by hardwork, by passion, and by talent. But God has already written something for you. And everybody is suited for something. You could be rich by hardwork as long as you are passionate on being rich. Because you cannot be rich by chance if you would not stand and try to make some money but you could be rich from the start and be lazy and still be rich. And when you get rich by talent that means you are destined to be rich. You know the ways and how to get lots of money not just enough but lots of it.
15  Economy / Economics / Re: Before I Die... on: May 21, 2018, 04:30:28 PM
I think nothing is impossible but if no one moves, no one tries to change the world, it would be still a bad as it was or worse it is worse than it was before. If you want those things to happen before you die, maybe you should start standing and taking a step. Even though the smallest step could create the biggest impact. If we people would just watch how this rich people belittle and deceive us. So we bitcoin users we have the power (bitcoin). We have the advantage, our only mission is to do what we want to do with it. If you are tired of the world, why let them, you should make a move!
16  Economy / Economics / Re: Does this mean Cash will be extinct? on: May 21, 2018, 03:46:18 PM
Bitcoin could never take currencies seats. Maybe for now but I think it would take lot's of time to make bitcoin the only currency that exists because of the following reasons.
1. Bitcoin does not have any physical appearance it is just a mere virtual thing that only exists in the internet.
2. There are lot's of currencies out there and taking all their crowns would be difficult.
3. Not all countries accept bitcoin at all.
4. Bitcoin is still young and unknown to many, bitcoin need to grow more reputation to be considered a real, reliable, and usable currency anywhere.
17  Bitcoin / Bitcoin Discussion / Re: How do you see bitcoins yourself? on: May 21, 2018, 03:12:53 PM
I see bitcoin as:
1. I see bitcoin as a currency that could only be used with the use of internet; without internet, bitcoin would be useless.
2. I see bitcoin as a potential for investments. Though it's value is really high now, bitcoin being unstable makes it a good coin for investment.
3. I see bitcoin as a revolutionary invention. It's systems and how it's made is very amazing and well constructed.
4. I see bitcoin as a good opportunity for people with money to be richer. You cannot be rich using bitcoin without money from the start. You need to have investment and starting money.
18  Bitcoin / Bitcoin Discussion / Re: how do you think of bitcoin in future? on: May 21, 2018, 03:07:04 PM
There are some things that dictates bitcoin's future. And the following are:
1. Bitcoin has limited supply of coins. Which is 21 million.
2. The demand of bitcoin would dictate bitcoin's success and failure.
3. It's system is one of the reasons why bitcoin has made it's reputation.
4. Bitcoin will soon be stable enough and is good to be used as a currency and not as an option for investment.
5. Bitcoin had competitor coins like ethereum and litecoin but bitcoin was the father of all coins. The systems and rules used in other coins came from bitcoin.
6. Bitcoin should have lower transaction fees so that people would use bitcoin as a method of payment.
19  Bitcoin / Bitcoin Discussion / Re: Can somebody steal your btc? on: May 20, 2018, 02:42:45 PM
The chances of stealing bitcoin in the way you thought is quite impossible or maybe just not too possible to happen. Bitcoin would not have been trusted by millions of people if your idea works. Of course people would always do something to be evil in some ways but stealing through that method could lead them to a dead end. The security system that was created for Bitcoin could be considered steal-proof because Bitcoin is used for all kinds of transactions; good and bad. So do not be worried about your coins being stolen because they made sure your coins are safe.
20  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Do I need to sell all alts? on: May 19, 2018, 04:43:38 PM
I think sell some amount of your altcoins but not all maybe a half of the coin's value then invest the money you got into bitcoin. In that way you do not lose all your possessed coins who also got the potential of growing and you also have bitcoin. It only means money, money, and money. The more options you got the better. As long as you keep track of your coins, you won't lose them. Be careful and smart at the same time. Happy investing!
Pages: [1] 2 3 4 »
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!