official cryptocurrency means that government takes part in bitcoin. I don't think people will like it because government might make regulations or even tax for the user and it makes the users feel they are being constrained. the result, however, is many people are lack of interest in bitcoin.
If at all the Government will even allow it to be of the reach of me and you,because BTC will be an essential commodity,making investors lost interest because of the heavy Taxes they will impose on it its transaction. |
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If the government allows bitcoin to growing then it will give a good effect because bitcoin has a good future it means it could be a jobs for many unemployment problems, could also be one of the state's income because if bitcoin becomes legal then people have to pay taxes for bitcoin that they have and income tax from the profit of bitcoin
If only the Government will understand how you really understand it will help the society. But they will not but always way a way to induce Taxes,and make it difficult for me and you to under the free transactions we are into now. |
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What can you say about Prince Alwaleed bin Talal of Saudi Arabia's statement that bitcoin will collapse like Enron? Do you guys think that it will have significant value on the prices?
Alwaleed bin Talal is a dreamer,he only want to press the Saudi to drop there BTC and he will take it up from there by investing heavy on the cryptocurrency.Anyway he just and individual who have the right to express himself and sharing his opinion in matters. |
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You have nothing to fear because your Bitcoins are safe during hardfork today and in November. Just do not make any transactions especially when your Bitcoins withdraw from the exchanger to your wallet. Because it can disappear or is it long before it entered its papatunguhan. And to make sure you put your bitcoins on the wallet that BTG is supported to receive you free BTG
Good to know all these ,it has really help me understand a lot about what to do if there is Bitcoin Fork, i was abit confused about all this really not knowing what to with the bitcoin when the Fork hits.Although my Bitcoin was in my wallet at that time,but panic a lot. |
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Hi i have a question, i hope someone could answer it
As of now, the circulating supply of Bitcoin is 16.6M
I was wondering what would happen if it reaches 21M?
Will bitcoin still work even without mining?
Or will bitcoin fall apart?
Many Individuals are thinking that Bitcoin will get to the top,if the bitcoin are not been mined,but that is not correct because as it stand 21million bitcoins have been created, but only 7 billion bitcoin are own worldwide,so what will make the difference if bicoin arenot mined |
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a bit confusing for me tbh. so everybody can make their own forked bitcoin or what. and on what purpose ? for what actually
o BBC,Bitcoin or Bitcoin silver name them BTC remain BTC because it has the largest hash rate, participating nodes, accepting sites, and people going over the code and protocol. |
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If someone bought $100 of Bitcoin in 2010 and kept it until now, they would now have around $6 million.
Do you think the same could happen again in the next 7 years? If I now own $500 in Bitcoin could that be worth $1 million+ in the next 7 years? Or is it extremely unlikely for this increase to happen a second time?
Bitcoin’s Performance In 2017 Is Just the Beginning.Overall bitcoin proponents across the web are thrilled with BTC reaching the $6K mark, and many believe the moon launch is just getting started. This year has been phenomenal with bitcoin capturing the $1K price back in January, the $2K range back in May, the $3-4K climb in August, $5K this past October 12, and now $6K during mid-October. That’s more than a 700 percent climb throughout the course of the past three quarters and there’s still a few more months left in 2017!.Due to the massive price spike, this year Bitcoin has caught the attention of mainstream media with publications like CNBC,The price of bitcoin has touched a new all-time high of US$6,000 across multiple global exchanges with a current 24-hour volume of $1.7B.High levels of trading are currently stemming from countries like Japan, the U.S., South Korea, and various regions across Europe. Additionally, bitcoin is trending in countries with failing economies like Zimbabwe, and Venezuela as citizens are using the digital asset to escape hyperinflation. Merchant acceptance is growing wild too as nearly every week news.Bitcoin.com is reporting on a new well-known vendor, nonprofit, or organization that accepts bitcoin for services or donations.Unlike previous years were only few conutry and few individual know more about BTC.So where did you see the prize is going from here? |
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I'm just like those people before that didnt expecting that bitcoin will be too expensive like now. I have a chance to buy one bitcoin just in 200$ before but i didn't believe to the bitcoin that time. I thought that bitcoin will not going to last longer and it will become scam after having many investors on it.
A years past the bitcoin price rised to 500$ and im thinking that time if i will going to give it a try to invest some money on it. But like before i didnt believe to bitcoin again. The negavity are still on my body thinking that bitcoin will be down sooner.
Until this year i got a chance to have bitcoin in 3000$ dollar but i didnt take this opportunity again i feel that im really so stupid when it reached 5000$.
Do you think guys bitcoin will reach 8000$ next year? i really want to give it a try now. So many opportunity i wasted and i will not going to let it happen now.
The price of bitcoin has touched a new all-time high of US$6,000 across multiple global exchanges with a current 24-hour volume of $1.7B. This year, high levels of trading are currently stemming from countries like Japan, the U.S., South Korea, and various regions across Europe. Additionally, bitcoin is trending in countries with failing economies like Zimbabwe, and Venezuela as citizens are using the digital asset to escape hyperinflation. Merchant acceptance is growing wild too as nearly every week news.Bitcoin.com is reporting on a new well-known vendor, nonprofit, or organization that accepts bitcoin for services or donations and due to the massive price spike, this year Bitcoin has caught the attention of mainstream media with publications like CNBC,and predictions are very were that i will hit 10,000$ in 6mths - 10mths.So you still have the opportunity to hit back all chances lost. |
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I took all of my saving to invest in Bitcoin.
if you ask me, that was a foolish move. it really doesn't matter if now you are in a huge profit. what matters is that you took a very big risk, the risk that nobody should take like this. what if price went down? hell, lets just forget about the price. what if you lost your wallet? your private keys in a fire or some other disaster? that was "all your savings" gone. I agree to this,too risky for and investor, what if you have a pressing need and reverse is the case, the prize dropped or your PC was hacked or something ,what would you have done, borrow money to sustain the situation? Your wife would have fried you.God saved you, your foolish yield great profit three times your investment |
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Bitcoin is simply too small to bother the Chinese government much.The Chinese doesn’t recognize it as a threat, so bitcoin actually grows quickly in China,and with the huge population the market trading volume in bitcoin is also high as well as the hash rate.I believe that is why Chain have and influential rate in Bitcoin.
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This should be a supply and demand problem affecting the bitcoin price, because there is and inflation in prize more customers with large quantity of Bitcoin will want to sell for profit and costumers buying are few because the inflation of prize,so the supply is now more than the demand.
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BCC or BTC ,i still stand with BTC because it is the grand father to all cryptocurrency,it has stand the test of time and its still standing up till date, who knows the faith of this newly derived BCC or BTC.
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A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme."
Now let's see if that fits bitcoin:
Does bitcoin have central authority? No.
Does bitcoin pay returns to its investors? No.
Does bitcoin require an ever increasing flow of money to sustain it? No.
Bitcoin is not a Ponzi scheme. It's a true innovation in computer science and solves a well known problem called the Byzantine Generals problem.
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If no one mines bitcoins anymore, nobody can exchange them. Miners basically get a commission because they use their processing power to process transactions between bitcoin wallets. So if no one is mining anymore, which is unlikely for now, you will actually destroy the currency. Even if it is still worth something, you won't be able to exchange it, so it is like destroying it.
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Although it will not be advisable to invest in just one platform,in other words putting all your eggs in one basket,but bitcoin is here to stay no need to panic, its a good platform to invest on.
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Its hard to say that the FBI holds the biggest number of bitcoin but it is know that they seized a number of bitcoins worth 144,000 BTC and these bitcoin worth about $100 million but this does not mean that the FBI are the largest bitcoin holders, there are so many new players in the bitcoin world.
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The most common uses of bitcoin are the Spending of Money Privately,Low Cost Money Transfer, Purchasing of Goods from any part of the world with stress and Investment for profit.
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Its has level of security ,because no one can block a Bitcoin wallet ,it does not depend on international and local laws,central banks or religions your account is tied to you only and its security is also tied to you only.Secondly Its a cheap transactions in every part of the world,payment dose not depend on your location or amount.Thirdly the convenience, unlike the bank operations.These and so many more are Bitcoin advantages.
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Bitcoin is now a new popular method of payment, individuals send money to there relatives and friends and family members through bitcoin and you can also receive money through the payment of Bitcoin wallet,so it is becoming so popular that is no longer hiding
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