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21  Economy / Economics / Re: Trade war Influences on cryptocurrency on: February 03, 2020, 10:25:58 PM
We are starting to see a fight line drawn for a worldwide money related matchless quality, with China offering speaking to brought together contron and including the concealment of outside impacts.
The legislature of china had a colossal history of profiting by the intensity of centralisation.
22  Economy / Economics / Re: Corona Virus and The Effect on The Markets on: February 03, 2020, 09:37:22 PM

The Corona virus is spreading and is visible in the financial markets as well as in Bitcoin : https://youtu.be/DZ7Ps70of4I

Well if you'll observe, the market has gone positive quite recently. I don't know if there's any connection but it seems that circumstances like these would make digital and electronic transaction more relevant. It's safer that p2p contact transactions. I think there are people who also thinks this way and looks ahead, boosting crypto's stock. We've quite sustained 9k already for a few days.

China's intensely controlled securities exchange is a moderately immaterial pinion in its economy, however the following not many months are probably going to demonstrate difficult to an economy despite everything reeling from its slowest development in three decades.
This will may affect the crypto market negatively and positively.
Negatively as China is more concern at restoring sanity of the population health in order to maintain its place in the world economy.
Positively,  as a lot of person would prefer using electronic transaction to reduce bodily contact with people.
23  Economy / Economics / Re: agriculture and bitcoin on: February 03, 2020, 09:22:49 PM
Hello all.

Please teach me how could I use a crypto for developing agriculture in my country?

Cheers.

You can begin a crypto based installment application for ranchers, application can give security on ranchers' income and can settle shoppers' expense on fruit,vegetables, grains, and so on.
Utilizing crypto-based installment application can be center point for national agricultural markets.
24  Bitcoin / Bitcoin Discussion / Re: Are Crypto Transactions Traceable? on: February 02, 2020, 11:47:11 PM
I’m wondering are there ways to trace Crypto transactions like tracing an IP of someone when doing online transactions if so what are ways to protect yourself from getting traced. I’m rather uninformed on the subject and I would like to get up to speed on the current happenings right now.


All Bitcoin transactions are open, discernible, and for all time put away in the Bitcoin network.
25  Bitcoin / Bitcoin Discussion / Re: Do they accept bitcoin in your country embassy? on: February 02, 2020, 11:39:35 PM
We have seen a lot of things we can use bitcoin for.like paying of bills, trading I learnt some organizations accept bitcoin not in countries like China.. etc please do they accept Bitcoin at you country traveling embassy?
My country embassy doesn't accept bitcoin yet. When it starts, then we are sure that the world government has finally endorsed bitcoin as a global currency.
But cryptocurrency is already legal in my country, as it can be exchanged for our national currency.
26  Bitcoin / Bitcoin Discussion / Re: What does it mean when a hash rate is down? on: February 02, 2020, 10:45:55 PM
hash rate is a general proportion of the handling intensity of the Bitcoin organize.
A high hash rate, when contrasted with a lower one, is ideal as it successfully implies the system is progressively secure from 51-percent attacks.
Accordingly, the invert of high hash rate is the low hash rate
27  Bitcoin / Bitcoin Discussion / Re: Bitcoin forks on: February 02, 2020, 10:29:57 PM
If I search on bitcoin on eg. coinmarketcap, there will be a lot of coins with "bitcoin" in the name. Like "Bitcoin 2", "Bitcoin Diamond", "BitcoinHD", "Wrapped Bitcoin" and more..
Is all of them forks from bitcoin and there to be claimed?

Not all are bitcoin forks. Some were created to attract investors to it. This https://blog.bitmex.com/44-bitcoin-fork-coins/ is the list of bitcoin fork coins.
Anything outside the list were introduced for personal gains to make investors feel that it was linked to bitcoin,  therefore making it a prospective investment for quality ROI.
28  Bitcoin / Bitcoin Discussion / Re: Change mainstream media's perception on "Bitcoin being used by thieves" on: January 31, 2020, 11:36:37 PM
I keep seeing the news that "Bitcoin is used for drugs", "Bitcoin is primarily used by thieves" pretty much every other day. The well informed people know that it isnt true but the mainstream media's perception stays the same. How do we change it and can we?

By being sincere as a Crypto evangelist.  Portraying good image when dealing with people on bitcoin and every sphere of life.
Also tell people that Bitcoin and Blockchain innovation could do to banks what mobile phones did to utility poles.
Cryptographic forms of money can become units of account just if there is an amicable and favorable administrative condition.
It is fiat cash that is the best social test on humankind, Bitcoin is simply a techno-response to that.
29  Bitcoin / Bitcoin Discussion / Re: Pet shop want to become a bitcoin exchange? on: January 31, 2020, 11:23:16 PM
I’ve got a pet shop and I wanted to accept bitcoin and alt coins then I was reading about becoming a bitcoin exchange ... is this possible? I understand it’s worth goes up and down.

What decides bitcoin's cost? The cost of a bitcoin is dictated by market interest. At the point when interest for bitcoins builds, the cost increments, and when request falls, the value falls.

The all out Bitcoin advertise is still moderately little when contrasted with different ventures. It doesn't take noteworthy measures of cash to move the market cost up or down, along these lines the cost of a Bitcoin is still to some degree unstable.
30  Bitcoin / Bitcoin Discussion / Re: Bitcoin moves like Gold? on: January 31, 2020, 11:19:28 PM



According to the recent price chart, Bitcoin's move has been very similar to Gold's move.

Recently, after Trump delivered speech, the price of Bitcoin and Gold both went down.

And there were other cases that Bitcoin's move follows after Gold's move.


But is this still enough to say that Bitcoin moves like Gold?

Bitcoin, pitched as "advanced gold" shares a considerable lot of indistinguishable qualities from the golden shaded past metal, however surpasses its advantages by coming up short on a physical impression requiring capacity. Bitcoin, as well, requires vault-like stockpiling to shield it from criminals, however it just ever takes up information.

Since the two offer such a large number of similar likenesses and advantages, it's not very astounding that the two resource types regularly show relationship in value developments.
31  Economy / Economics / Re: Bitcoin as a leading currency? on: January 27, 2020, 11:35:12 PM
Bitcoin has not quite recently been a pioneer, introducing a rush of wave of cryptocurrencies based on a decentralized shared system, it's gotten the accepted standard for wave of cryptocurrencies, moving an ever-developing army of supporters and side projects.

Bitcoin keeps on standing out of wave of cryptocurrencies, regarding market capitalization, client base, and prominence.
32  Economy / Economics / Re: what should consider before investing in a coin? on: January 27, 2020, 11:17:36 PM
Participation in ICO or investment at pre-ICO stage is a very risky step. Its just like purchasing a shop on 40th floor and the ground floor of that shopping mall is just start to build.
There are so many ideas/concepts is trying to prevail in the market but is there any formula to separate strong project from scams/weak projects.

Which scale should an investor use to go before investing in a coin? Is it the code, or the system it based, or their community strength, or is it depends on their venture capital that how much big it is?


I think due to my experience in crypto investment,
 Purchasing coins that are advertised with no generous improvement in tech is risky.
Considering the venture capital is necessary to ensure liquidity, and continuity of the asset.
33  Economy / Economics / Re: The ballast on: January 27, 2020, 10:54:23 PM
the ballast of a currency is given by the social cohesion of a society.
Bitcoin has no such characteristics, so it has no future.
You can bet against it, you just can't assess the time horizon of your downfall.

Your assertion is not correct. Bitcoin has increased some apparent worth (or balance) in the realm of as new businesses are subsidizing the structure of virtual underground vaults in mountain areas.
The ballast is the perceived value or balance.
34  Economy / Economics / Re: Is small business ready to sell for cryptocurrency? on: January 26, 2020, 11:59:01 PM
What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?

I think that it depend on individual awareness and government regulations on crypto in various locations.
35  Economy / Economics / Re: Halving is approacing: HOLD YOUR BITCOINS AND NEVER SELL THEM (118 days left) on: January 26, 2020, 11:57:46 PM
I really look forward to not just surge in bitcoin price after halving,  but also fast approach to mass adoption. 
We shouldn't be selfish about price surge, but also in working towards mass adoption.
36  Economy / Economics / Re: BEEN IN THIS GAME FOR 6 YEARS on: January 26, 2020, 11:54:19 PM
The early years of bitcoin was mared by disbelieve. As the ideology begins to unwind it potential,  then people became interested in investing in it.
37  Economy / Economics / Re: Bitcoin to Precious Metals Companies on: January 26, 2020, 11:48:04 PM
Hi everyone. I'm looking for a company that will convert BTC to Gold. (Or precious metals such as Platinum / Silver etc)

Example , If BTC is worth 100K USD , Then i'd be able to transfer my BTC to them for 2KG of gold. (Assuming Gold Spot Price is 50k USD)

is there any companies that are able to do this? I remember GoldMoney backed by Sprott Capital but they no longer have the option of doing the exchange anymore.



I know of a company called Goldguard. You can use BTC to purchase their Goldguard token,  then use their token to purchase gold in Dubai.
It is safe and reliable. And you can aswell contact them before embarking on the transaction for further clarification.
38  Bitcoin / Bitcoin Discussion / Re: Government Taxing Bitcoin? Here's the Answer on: January 26, 2020, 10:50:04 PM
I always wonder how could an economy operate and run without taxes from cryptocurrencies. How could a government obtain taxes from people when people are completely utilizing a currency that is not supporting taxes. Would it be really good if we completely have our fiats converted to crypto? For me, there's always a way if our intention is good. We cannot really deny how government is providing regulation that is mainly for the betterment of us despite of some issues regarding corruption and frauds.

For me, the way we could still make it possible is to establish a local exchange wherein, if we convert our money to crypto, these local exchange could already have the portion intended for the tax of each transactions.

Yea, the reason why some person want to boycott tax payments is by investing in crypto, and doing their financial transactions with crypto.
No matter how we may criticize government policies,  it in someway protect us from the dark web of frauds.
In my country,  when you buy are sell crypto,  tax is deducted from the transaction. That's how crypto is taxed
39  Bitcoin / Bitcoin Discussion / Re: How to safely store big amounts of BTC? on: January 26, 2020, 08:02:53 AM
Hello,

Suppose I would expand my BTC portfolio to 10 or 15 BTC.....how would you store such a big amount of coins?

Ofcourse I would use a hardware wallet, but if I store them all on 1 wallet and I lose the wallet, or the house gets on fire and it burns, then I have lost those coins forever? Or are there still ways to get to the coins somehow in that case?

Would you advise to store let's say 15 BTC on 3 different hardware wallets (5BTC each), or would you spread it out even more? Ofcourse I'm not gonna buy more than max. 3 hardware wallets but in that case maybe 15 different laptop wallets (Electrum, Jaxx, Exodus etc.) with 1BTC each on it is safer?

I'm looking for the safest way to store a big amount of BTC and to minimize the risks of losing a big amount.

Most ideal approach to store is on numerous scrambled paper wallets, sponsored up to an ordinary hard drive which you control and encode and never open to the web. At that point back it up a couple of times over. Regardless of whether found-yours keys will be encoded with an (ideally) solid secret phrase.
40  Bitcoin / Bitcoin Discussion / Re: Why people debate so much about BTC value? on: January 25, 2020, 11:41:19 PM
Since ages, people keep debating - will BTC pump? Will it go to the moon? Will it drop?

I'm asking myself what's the purpose of these questions? BTC wasn't created to compete with the value of USD or other fiat currencies, but to replace them completely. Therefore, if people would just think prices for various stuff in BTC, instead of calculating them in the BTC value compared to USD, all these questions would be irrelevant.

Think just that 1BTC is equal to 1BTC, not to its value in USD. Take as an example what happens in this forum with the price of VIP account: it was 50BTC since the beginning and it remained 50BTC, no matter the value of BTC in USD. Because the price was calculated in BTC and not in USD.

And even if we would think about the value of BTC in USD: it is 8000 times more valuable than USD!!! It is world's most valuable currency! It actually crushed the USD! So why does it matter if it is 8000USD or 1000USD? Even if it was 1000USD, it would mean it is 1000 times more valuable than the dollar, right? Even if BTC was valued at 2$, it would be twice as valuable compared to USD which is world's most important fiat currenct.

The price of bitcoin attracts much debate due to it topmost position in the world community of currencies.
BTC is not just seen as a currency,  but an investment that will yield good returns.
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