I made a video trying to show what the future of bitcoin will look like. Since the altcoin market in totally blowing up upwards, I'm getting a bit scared that it will go down again soon. It's not a healthy growth, is it? So, for me a safe harbour of wealth and stability is bitcoin, that's why I keep up the weight at ~30% in my portfolio. Do you guys agree on how the future will look like? Any remarks? I tried to be as objective as possible. Cheers, Young & Investing https://www.youtube.com/watch?v=0Os086EuWysbitcoin with a high price and can use in any kind of transaction like paying bills, shopping online and you can buy the things that you want and many more. I guess in the future you can use bitcoin in your daily life. The bitcoin will accept in any kind of bank in the World |
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I think nobody can control or own the bitcoin system like they can not control and possess the technology by email and the internet. I think Bitcoin is no different than a mobile application or program that offers a personal Bitcoin wallet and allows users to send and receive Bitcoin.
Developers can indeed improve Bitcoin software, but they can not enforce changes in the Bitcoin protocol because all users are free to choose the software and version they want to use. In order to remain compatible with each other, all users need to use software that follows the same rules |
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I think nobody can control or own the bitcoin system like they can not control and possess the technology by email and the internet. I think Bitcoin is no different than a mobile application or program that offers a personal Bitcoin wallet and allows users to send and receive Bitcoin.
Developers can indeed improve Bitcoin software, but they can not enforce changes in the Bitcoin protocol because all users are free to choose the software and version they want to use. In order to remain compatible with each other |
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even when attacked from the inside by blockstream/core it just forks and offers two chains. at least one will continue delivering p2p electronic money to the people with low fees. maybe both? we'll see.  Maybe, I don't know if there ware any successful hardforks in it's development to fix a bug or something. But to my knowladge, this hardfork was planed by Satoshi himself, long time ago. I can't say I know with certainty all the fork history and changes in protocol and design of Bitcoin all these years, but I am pretty certain that making your blocks bigger is not really stepping away from Bitcoin's originality. |
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Regulators want to make sure they protect investors from scams, while at the same time allowing the industry to develop and deploy the new technology in interesting ways. Overregulation could move the action elsewhere, which is what happened in China.
It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.
What do you think?
In operations with digital currencies there are many "dark" moments, it is necessary to prevent their use for money laundering and terrorist financing. Therefore, this is an area where international regulation and proper oversight are necessary. |
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I think it's not far if i say that dollar and bitcoin are actually the leaders of their platforms. What's also crazy is how this forum served as the source of consumers and a big factor in increasing the acceptability of bitcoin by people. Really the design and everything about this community is genius.
Discussing what is the cause and purpose in the creation of it. Whatever the factor that could bring people together in same boat is important and that is what this forum do. Really the creator of this forum is genius which brings people together in investors, company and bounty hunters to come together in one page and that is to increase the knowledge to be spread on bitcoin or cryptocurrency. |
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https://www.bloomberg.com/news/videos/b/4a0b16dd-6783-4dac-9fa0-76e923c9a774According to this link, a bloomberg news site, it was mentioned that there are two hotels in LAS Vegas that accepts bitcoin as payment for hotels, food and drinks. If you want to visit this place as a tourist or to gamble and you happened to lost your money to gambling you can always use you stored bitcoins to get a room to sleep and relax and enjoy the food and booze. If this is successful and move without any issues for quite some time then surely bitcoins demand will grow exponentially. Because this hotel business is very big in worldwide. But if they implement it correctly and don't face any issues then it will be big news for bitcoin holders and traders. |
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Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?
I really think there are no religion that are forbidden to use such technology and bitcoin itself like you have said I have known many muslim friends that are really engaging and some wants to really learn how to earn in bitcoin, And I think bitcoin is a gap mender between other religions and as long as you are not doing the wrong thing and not because of the traditions involve in a religion I really think it is not really forbidden. |
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Bitcoin is the world’s 6th largest currency. These figures are noteworthy, but if the value of a single Bitcoin goes up to $15,000, India’s currency Rupee will pass. Ethereum ranked 17th and Bitcoin Cash ranked 20th. Ripple is located just below 20. How many years Bitcoin will need to become No.1 ? im little bit late but I would give A for your effort on sharing such idea and thoughts about the rank of bitcoins as a currency. though I believe that everyone already assume that bitcoin is the leading currency ever used, I would still want more statistical results for such conclusions. I think data about this is worth researching for. |
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A recent declaration by an Islamic scholar that Bitcoin is compliant with Sharia law could be the cause behind today’s $1000 price surge, opening the market to Muslim investors who were previously unsure if the cryptocurrency qualified as money under the strict definitions outlined by scholars.
Muslims account for 23% of the world’s population, with 1.6 billion Muslims throughout the world, mostly in Asia Pacific nations like India and Indonesia. Sharia Law, or Islamic Canonical Law, prohibits the practice of lending money at high-interest rates, known as usury. Debate has raged since the popularity of Bitcoin in the Islamic Scholar community as to whether Bitcoin trading was a form of usury due to the volatility and huge profit and loss margins.
As the fastest growing religion in the world, Islam has become a central issue for financial authorities of late, with the International Monetary Fund (IMF) holding their first formal discussion about Islamic banking needs last year. In Islam, commodities with an intrinsic value (gold, silver, salt) are considered currency. Fiat money actually stands on thinner ice than commodities when it comes to being considered Islamic money – digital or paper money is usually only permitted if it is backed by a commodity of intrinsic value and at a fixed exchange rate. The gold standard allows for gold-backed currencies to be Sharia compliant, for example.
Bitcoin has been a difficult currency to quantify, acting as a commodity and a currency all at once. It does, however, fall under certain definitions of customary money in Sharia law – anything that becomes widely accepted as currency by society or government mandate.
Mufti Muhammad Abu Bakar, a Sharia adviser and compliance officer at Blossom Finance in Jakarta, published a paper on whether Bitcoin is Halal (permitted) or Haram (forbidden) on Tuesday 10 April.
The paper essentially ruled that in certain cases, Bitcoin can indeed be Halal, permitted.
An excerpt read:
“In Germany, Bitcoin is recognized as a legal currency and therefore qualifies as Islamic money in Germany. In countries such as the US, Bitcoin lacks official legal monetary status but is accepted for payment at a variety of merchants, and therefore qualifies as Islamic customary money.”
Sharia has strong ideas about the preservation of wealth, something that has led ICOs and the volatile crypto-trading market to be viewed in a negative light. Bitcoin and blockchain technology, however, actually align well with Sharia ideology. Fractional reserve banking where ownership of the money involved is considered usury, which is forbidden. Because blockchain undeniably proves ownership, it is actually more compliant with Sharia than banking, and this was all included in the paper published by Mufti Muhammad Abu Bakar. The ruling comes only one day after a major Islamic scholar conference concerning cryptocurrencies, demonstrating that this has become a pressing issue among the Muslim population.
As Muslims account for almost 1 in 4 people in the world, the ruling could open up the market to many investors who were previously avoiding it for religious reasons, something that we may well already be seeing with the recent surge in Bitcoin value.
Let's be honest, muslims just like any other religious group do not follow their books to an 100% degree. Christians don't stone people or burn witches anymore, muslims were already in bitcoin before it was officially declared as halal. |
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Due to its anonymity which helps criminal to use to money in private mode government are banning it also it made its way for for transaction across countries without any tax or barriers so government are imposing ban on it. |
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when the morning I woke up I was very surprised that the value of Bitcoin is very high. I spent some time and I lost a lot of opportunities. Though If I buy it in the last week then I can get a chance to get high profits. Maybe this opportunity will not come twice, but I still try to get the best chance |
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I just stop looking at bitcoin price. It hurts me actually, that's why I took this decision. I am holding few of BTC and I will not look at my wallets too for 2 months. I hope after 2 months when I will go to see bitcoin price, maybe I will scream happily. What about you guys?  Hahaha, you are obviously showing that you are new here in Crypto world. You should monitor it's price if you don't want to have big losses. You should watch for the time that it will pump, nothing can say when does the time it will pump again, maybe in that two months of not watching your wallet, you can gain some profit from it but then you wasted the chance. You are just being passive to these changes, be aware, be mindful, be strategic! |
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The crypto world can become unpredictable sometimes, making our choices of investing into it, a very limited one. From scams to ponzis, there have been many losses from investors, yet making it very difficult to find a reliable investment. But on the bright side, you could still invest into assets and commodities with your crypto like Gold and Silver. Then, if done right you could profit along the way with a good strategy. As for me, I only decide to invest into gold (by exchanging BTC to Gold) and into some NXT and BURST assets. What would be your investment strategy? Please share your tips, advice, or any good strategy you would use to safeguard your crypto investments. The only thing you can do to invest in a good ICO is by studying it. However, I believe that you will not read the whole white paper. Base on my experience, is is good to always check the price of the coin, its ability to be adopted and its volume. It is nice to be on an ICO that gets the interest of the people for it can make a project more successful most often. Lastly, you should consider its volume for let's say the maximum amount of offerings was100k tokens, it will doubles when it succeed. |
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Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
Not believing that Bitcoin cannot replace by another crypto is becoming not open to the possibility that an upgraded and improved alt will arise. A lot of alts are still making to make sustain the needs of the people in different aspects and somehow to be in line or maybe beat Bitcoin from its popularity. No one can predict this but we shouldn't close it for the possibilities. Whatever happens, still, Bitcoin is already benefit from us an vice versa and serves as a part of the cryptocurrency history. |
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Today's economy is either rising or falling depending on the consumers and sellers. If you join the Bitcoin, there is a high probability that you will gain something from your money because there are a lot of opportunities here. So my question is, "Where do you usually spend your money that you have gained here in Bitcoin?"
I spent my money to finance my study and also for food since I am food lover. And now I am saving my money to have enough value for my dslr since it is what I really want to buy for now. And luckily, I have enough money for my dslr. And also aside from material things I would also spend it to build a house for my family and start a new business. |
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Should I stop buying BTC for above market value or should I start paying the listed price? I support Bitcoin and still pay 5k a BTC does anyone see bitcoin going back up?
No, I think this is the best time to buy some bitcoins. The bitcoins value now is in red or simply it dropped its value. The value is little smaller so you will possible earn high profit which is good for you. And don't lose hope for btc. Trust bitcoin, you will receive what you want to receive. |
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Now a day bitcoin is more popular all over the world, several people makes bitcoin as a source of everything either ordinary or riches people. They use bitcoin to help theirselves and others, but if you will be given a chance to have 10 Btc would you think can you give some Btc for those who belongs to indigenous peoples including charities?
Share your thoughts.
Thank you.
Yes of course, like what they say share your blessings. I like to give them what I have so that they will feel how I feel. They will experience and say that it is not too late to achieve and pursue their dreams. There are many ways on how to do it and bitcoin is one of it. If I give btc to them, then they will have many action that will help peiple in a charity for their daily needs. |
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In addition to reducing unemployment bitcoin can also be an alternative to find additional money for those who already work
Technically speaking and based on the economy bitcoin will not literally reduces unemployment since it is not yet legalized in our country so it will not be included. Instead bitcoin reduces poverty, if the poor peiple are engage and use btc then they will not be recognize as poor since they can now earn through btc. |
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Steam dropped bitcoin support citing "high volatility" as a motive. When amazon stock jumped from $18 to $1,200 over a period of years, was this high volatility a bad thing? If bitcoin's value increases from $6,000 to $16,000 over a period of months, and HODL'ers benefit, this high volatility is bad? Where does the idea of high volatility being an unnecessary evil come from? Are there good arguments or evidence which support the concept of high volatility being a negative circumstance? In a sense, volatility simply means the price of something moves a lot, its not that bad if the vast majority of motion is in an upward direction?  Nope, do not see things in negative always in positive. Yes we may experience to drop its own value but I see this as an opportunity to buy bitcoin and be a successful bitcoiner. When the btc value turns red then it is the best time to buy while when btc turns to green then it is the best time to hold and wait for a larger value of btc. |
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