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561  Bitcoin / Bitcoin Discussion / Re: Do you think Bitcoin is a security, a currency or a commodity? on: September 21, 2018, 06:32:30 PM
Bitcoin was created by Satoshi as a payment system against banking system.But many tried to use it as a currency.But now,almost 95 Percent of users consider it as a high ROI giving commodity.
562  Bitcoin / Bitcoin Discussion / Re: How far bitcoin can progress in the financial world without legal acceptance on: September 21, 2018, 06:29:55 PM
Even though bitcoin has not gained legal status in most of the countries,still it has got the trust of most of the people all over the world.That's why it manages to survive.
563  Bitcoin / Bitcoin Discussion / Bitcoin a Blessing to Palestinians on: September 20, 2018, 01:58:16 PM
It was earlier Venezuelans benefited from bitcoin and now its Palestinians turn.With no official bank and official currency,they had been suffering these uch days to transact money abroad and vice versa. But now, bitcoin has come as a blessing to them. Now they could have money transactions easily and fastly with other parts of the world. Its said that

“Bitcoin, in their opinion, is cheaper, safer, and quicker,”. Nothing works with Palestinian banks. Bitcoin wallets are alternative banks.”


       https://blockmanity.com/news/palestinians-sending-money-across-border-using-bitcoin/
564  Bitcoin / Bitcoin Discussion / Re: Which will survive in long run Bitcoin or Blockchain??? on: September 20, 2018, 01:41:28 PM
Everyone on this forum is familiar with Bitcoin and Blockchain technology.So no need to discuss what they are except this; Bitcoin is first or we can say father of digital currency world and Blockchain is new revolution in digital technology world.
Currently market is down after a golden run and every day millions of people came to know about this new market and its uses.Some with negative views and some advocate it.Many country allowed crypto trading and many banned because of speculations and scams.There is lots of media attention about Bitcoin since its evolution and then its price rise.Many called Bitcoin a shit/fraud/scam when first it came into light but within 7-8years it touched $20000 per coin.
On other hand many new Altcoins like ETH, Ripple etc. also gain popularity and boost the need of blockchain in every filed.Now from media news and discussion on many forum I came to conclusion that everyone(Govt. big business houses) wants to adopt Blockchain technology but same time they are either opposing or banning Bitcoin and its uses.So my question is will Bitcoin survive or fall???What will happen if every country launch their own crypto currency using Blockchain technology???Will Bitcoin disappear???Please share your views/opinions and experience.
First you have asked whether bitcoin or blockchain would survive and now you are asking that whether Bitcoin or cryptocurrencies issued by governments would survive. Even if there is government support for the government issued cryptocurrencies, still they are centralized and they don't deliver any financial freedom and also they would not deliver any huge earning opportunities for its users just like what bitcoin gives to its holders.So bitcoin would still survive.
565  Economy / Economics / Re: What manipulators want on: September 19, 2018, 01:33:01 PM
Your point of view is totally different. Manipulators just want to promote panic selling by spreading FUD in the market so that they could buy coins at a much cheaper price and sell it when the price rises. And they don't want to lessen the volume of investors to control the market.
566  Economy / Economics / Re: WORLD CRISIS IN 2018 on: September 19, 2018, 01:25:43 PM
By 2018 the world economy is falling, there is currently chaos in the economy around the world. there are even some countries declared bankrupt by the world this year. a country that is able to survive in conditions like now only countries that have a large gold stock. China and America are currently collecting gold from all over the world. the goal is to maintain their existence and also to survive the coming crisis. I want to know whether cryptocurrency, especially Bitcoin, will be affected by the current crisis? I want to hear from the seniors here.
Early Turkey was said to face crisis and then now, its Dubai's turn. Its true that gold is much appreciated to hold in times of crisis. From the bitcoin has been created, the world has not faced any crisis and so its difficult to predict the role of bitcoin if a world crisis occurs.
567  Bitcoin / Bitcoin Discussion / Re: Bitcoin adoption or scalability on: September 19, 2018, 01:21:27 PM
Some weeks back, there was a buzz around the LN going to help the bitcoin network become more efficient, hence it would drive adoption. Still, not much has changed to the whole adoption puzzle, it seems we are really stuck with so many complexities.

New cryptocurrencies entering the market are offering lower entry barrier but only lack the popularity or dominance BTC has. I'm a superfan of bitcoin protocol but I still don't get why we can't have a tradeoff.

BTC adoption (for mainstream merchants and highly sophisticated transactions) as against scalability. It's not like everyone in the world owns gold, so why should BTC become a 'world-currency' either? The few people who can have it should cherish it and only use it for more exclusive financial functions.

However, I still believe LN should be perfected, but adoption and current use cases should be well established and deeply rooted in the economy.
Yes bitcoin could not play the role as a world currency and also it has not been created for that.Its some people who wish it to be a currency while a majority volume of people sees it as a high ROI giving asset.LN has not done any change in the bitcoin price.
568  Bitcoin / Bitcoin Discussion / Re: This will be the answer. I have a Question. Manipulation?? on: September 19, 2018, 01:16:11 PM
Hello everyone.
  This topic is about finding the real answer, the fully TRUE.
it`s real?   Are the big guys now playing with the market cap as they wish?
  I mean, since Mt.Gox there some suspicious theories.
Now, With this amazing and not so understandable Pump in December and a so low market since then.
 Are we getting another pump very soon? or it is over?
Last days we have been greens in the markets, that's is nice for some people definitely.
 Are we bouncing to +20K this time?
It is somehow similar to last year this dates...

If you have any info related to manipulations or theories about that, please share them with us.


Good day.


No. Today's scenario is totally different from last year's as it was the period of launch of bitcoin futures due to which bitcoin price rose to new ATH of $20,000.But now, there is no such event.
569  Bitcoin / Bitcoin Discussion / Re: A simple proof that Bitcoin has zero value on: September 18, 2018, 02:34:21 PM
Bitcoin is not created out of thin air.There is mining cost for bitcoins to be mined.If you had added another column for US dollar,then it would best suit for what you have mentioned.
570  Bitcoin / Bitcoin Discussion / Re: What happens when the price of Bitcoin falls below the cost of mining? on: September 18, 2018, 02:24:19 PM
I would to say that all bitcoin miners are not normal individuals and mostly they are big mining farms. So they would not mind such decline in prices.Such mining farms have already earned tremendous income from bitcoin mining and so they actually know it's potential.So they would not take such a foolish decision of quitting bitcoin mining.
571  Bitcoin / Bitcoin Discussion / Re: Bitcoin in Iran touch 26.000 USD on: September 15, 2018, 05:54:53 PM
I think that it was earlier in south Korea bitcoin prices were much higher than market price.Recently the Iranian government had decided to declare bitcoin mining as an industry.Also earlier,iran government discussed to use bitcoin as secondary currency in order to bypass US sanctions.Now Iran is moving closer to be a bitcoin friendly country.It has been realised by its citizens and that's why such a huge demand for bitcoin and increase in its price.
572  Bitcoin / Bitcoin Discussion / Re: Do you think face-to-face communication in forums is important? on: September 14, 2018, 06:49:20 PM
Face to face discussions like this conference is mostly more of one person reading from a paper and people are allowed to ask questions and if they include a panel its more of micro manager platform where what is being said will be to a large extent be courteous as much as possible. The only advantage I see there is the opportunity to connect and get to hear from people in the industry who don't really speak much then pick some little things. The cards to be exchanged is just for conventional sake as mostly nothing comes out of it. Eventually, the gathering will happen the following year for the same set of activities all over gain.


I want to believe that after international forum the bitcoin go up in price!!!


You must have been living in another world entirely because I don't see the reason why the gathering of people who are not up to 10,000 and they are not even contributing money together could bring about push in the price of bitcoin or crypto currency in general.
Yes it may only create a little awareness about bitcoin but without any active and meaningful contribution,it would not help bitcoin price to increase.
573  Bitcoin / Bitcoin Discussion / Re: This is why we should all use Bitcoin and no more credit cards. on: September 14, 2018, 06:43:04 PM
Absolutely.With our bitcoins,we have full control over our money and without access to our private key,no one would be able to take our money.Bitcoin gives us both financial freedom as well as financial security.B y doing such shady activities,they are indirectly forcing more people towards bitcoin.
574  Bitcoin / Bitcoin Discussion / Re: Expectations of experts on Bitcoin on: September 14, 2018, 06:38:54 PM
Actually Iran has no contribution towards cryptos and so it's decision on considering bitcoin mining as legal wouldn't have any impact on bitcoin price.Two main events remaining which could induce bitcoin price are ETF approval and the next halving when certainly bitcoin price would rise.
575  Economy / Speculation / Re: Bitcointalk and CMC continue to lose influence over cryptomarket on: September 14, 2018, 06:30:25 PM
https://www.similarweb.com/website/bitcointalk.org

https://www.similarweb.com/website/coinmarketcap.com

bitcoin talk continues to lose influence over the cryptoindustry,

same is the case with coinmarketcap.

with bitcoinfounders losing the grip bitcoins value will also collapse

so dont expect a mooning of bitcoin towards 50k there wont be one.
In my point of view,earlier most people were unfamiliar about bitcoin and cryptos and so they used bitcointalk to learn about bitcoin.But now with media continuously delivering crypto news,even people from the backward countries know about bitcoin today.So there is no need for them to specifically visit bitcointalk and get news about bitcoin.Now they could get it from any of the available websites.
576  Bitcoin / Bitcoin Discussion / Re: Guest Spot: Who or What Can Put an End to Bitcoin? on: September 14, 2018, 01:24:40 PM
Guest Spot: Who or What Can Put an End to Bitcoin?
Over the past few years, Bitcoin has experienced a huge number of attacks and external criticism, getting a reputation of Antifragile. This term was coined by Nassim Nicholas Taleb and describes the phenomenon when something becomes popular under unfavorable conditions.

“Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Yet, in spite of the ubiquity of the phenomenon, there is no word for the exact opposite of fragile. Let us call it antifragile.”- says Taleb.

From this point of view, probably, in order to kill Bitcoin, you just have to stop criticizing it. However, in the world of constantly competing currencies and precious metals, this is very unlikely to happen.

Attacks on Bitcoin: Past, Present, and Future

Several months ago, the user of the Reddit network, under the nickname themetalfriend, compiled a list of all attacks that can be aimed at killing Bitcoin. In his opinion: there are three most common types of attacks on Bitcoin:

Attacks to slowdown the Bitcoin development
Attacks to slowdown the Bitcoin adoption
Attacks to reduce the efficiency of the Bitcoin infrastructure
From all the above it follows that all three types of attacks are interrelated. At the very least, they lead to the same result. Let’s consider each of them in more detail.
https://www.ccn.com/guest-spot-who-or-what-can-put-an-end-to-bitcoin/
Earlier governments of China and Russia tried to ban bitcoin but they couldn't.Bankers tried their best to destroy bitcoin and they even created a centralised coin ripple as a competition to bitcoin but it failed.Roger ver tried his best to pump Bcash vigorously and at the same time tried to switch bitcoin miners to mine Bcash by spamming bitcoin transactions with the help of Chinese mining farms.But poor boy he also couldn't do anything against btc.But the only remaining threat is Quantum computers which could read private keys of a bitcoin wallet with the help of public key itself.
577  Economy / Economics / Re: What will happen if the all countries convert to cryptocurrency? on: September 13, 2018, 11:53:00 PM
Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?

USD would immediately lose its position as global reserve currency.Digitalising would definitely help to consume time and make ease the process.But allowing cryptos would definitely be a challenge for governments as it would be difficult for them to trace all transactions.
578  Economy / Economics / Re: China Can’t Afford a Cashless Society (Perhaps No One Can) on: September 13, 2018, 11:49:16 PM
Yes its not easy to turn such a big populous country in to cashless society and India too is struggling to do such thing.Its very difficult to change people's mindset immediately to leave traditional currencies and switch to digital cashless transactions and there are still huge volume of illiterate people and also older aged people who feel comfortable in staying with traditional fiat currencies.
579  Bitcoin / Bitcoin Discussion / Re: Psychological fear dominates the market on: September 13, 2018, 05:52:34 PM
The continuous decline in Bitcoin prices may make investors very nervous and many people have lost confidence in Bitcoin as well as crypto.
This is a very normal psychology and nothing strange in life, in any field, there are two emotional state is governed by FEAR and GREED.
Especially in the financial market, not just the crypto market, when prices are rising, people often feel GREED, focusing only on positive trends and never thinking about trends. Negative, when the price goes down, then the person feels FEAR, then focus only on the negative trend and never thought that everything would be positive again.
Talk about this for people to imagine that believing in a current trend is only relative and timed, so look at the market trend with an objective eye (out-of-game) so that If not, then it will not be absorbed in the psychological game of the market. Finance is a game of psychology!
What do you think about this?

Well i think that it's human nature to greed when price rises and to feat and get panic when price falls down.People are emotional especially newbies and big whales make use of this weakness and spread FUD in the market.
580  Bitcoin / Bitcoin Discussion / Re: Bitcoin is worth more use of gold? on: September 13, 2018, 05:49:11 PM
Economist Paul Krugman says that the exploitation of Bitcoin uses a lot of electrical energy, but the largest codified currency is worth more than gold


At ChainXChange, a recent blockchain conference in Las Vegas, Krugman joined co-founder of Fundstrat Tom Lee and chief marketing strategist for Ripple Cory Johnson in a discussion about the future of money. bad

From the beginning, economist Paul Krugman acknowledged that he did not have a holistic view of the pre-coding industry, but rather focused on how to operate. of Bitcoin.

Krugman says:

Quote
Bitcoin is the only thing that I only understand partially


Bitcoin and gold

Krugman later said that despite his interest in exploiting Bitcoin, he used a lot of electrical energy, but the largest codified currency was worth more than gold .

Quote
Gold is dead ... Bitcoin is worth more than gold. It has more opportunities to increase value in the future

When compared to Bitcoin 's use of prepaid currencies, Krugman says the biggest problem is the transaction cost used to transfer BTCs from electronic wallets. He believes that if these costs were cut, it would probably wipe out his previous preconceptions about coding.

Krugman recently wrote a New York Times article titled Transaction Costs and Tethers: Why I'm a Crypto Skeptic: Why I'm a Nostalgic money coding). In that article, he argued that Bitcoin and all other coded currencies still need a lot of effort to prove their worth to the community in their daily lives.

Quote
Actually, eight years after the advent of Bitcoin, codenamed codenames have taken a real leap into the commercial market. Some companies will accept them as a form of payment, but in my opinion this is just more of a sign of real usefulness in life. Look at me, this is a great technology excellence. Predictive currencies have a huge market value but they are still considered as a speculative play, not because they are of value for convenience in terms of easy exchange.

The potential impact of smart contracts on life is very high. Along with other aspects of the blockchain that this type of technology is considered to be the new revolution, Krugman says he has absolutely no idea whatsoever about stereotypes of currency substitution.

Yes bitcoin being decentralised currency different wallets charge more fee which sometimes make bitcoin as non economical to users.
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