We're done with the "investing" in bitcoin part. We need people to actually use bitcoin for what it was intended for.
I could understand that you are mentioning about using bitcoins for payment but bitcoin is now treated mainly as a high ROI giving asset.
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How do you think banks make money, how does a bank make money to pay its employees and business operational? Does the bank rely solely on interest on loans from banks?
Banks get their money mainly from issuing interest loans to their customers and as transaction fee for money transactions.But bitcoin has caused a huge fall in their revenue from transactions.
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It's a well established fact that wallstreet traders and bankers are against bitcoin.They don't want to lose their dominance over the market which they think to get crashed if bitcoin allowed.
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the huge amounts of new ICOS that arise every month could be hurting the price of bitcoin? you who think about the ICO?
Yes it could have an effect on bitcoin price but only to some extent.New investors who don't remain steady in one place only would mostly jump to ICOs from bitcoin.
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As u know the ZEBPAY has stoped its service from yesterday but many of the peoples have keept more dependency on zebpay and now they have strucked with that and got blanked without further steps
Just start using local bitcoins.com as I have been using it for the past two years.Even yesterday,i completed a trade there.
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Bitcoin is the Future: Countries that have flawed currencies are turning towards Bitcoin/ Crypto: FACT FIAT will fail because it went off the gold standard! FIAT will implode eventually! The founder of Bitcoin understood this: He was and is a genius!
That's why dollar is said to collapse surely one or the another day.At that time,big shots like Warren Buffett,Bill gates,etc would be the ultimate losers who usually used to say that bitcoin is nothing but an illusion.
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all we can do is set up an two factor authenticator and other security purpose things dont bother for a little hard to log in that is for your own safety.
I have even heard of few people getting hacked with 2FA activated because they hadn't securely stored their 2FA backup key. Use of dropbox or google drive to store such information and other login info/private key is unsecure. 2FA doesn't make login hard, you will get a state of relax mind with it but making proper backup and storing it offline is as important as activating 2FA. That's true.Even clipboard hacking applications are found which easilhacks the confidential information stored in clipboards.
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I do agree that we should not totally rely on predictions for taking decisions but without considering predictions,then how could we react in crypto market?Then based on which sources we should act?
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@Hhampuz how about for those who used coinomi wallet I generate a new bitcore wallet but it looks still generate the same public address format.
How about the Electrum portable wallet? I would like to use the new format before the update.
Same issue for me also.
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Every week BTC seems to lose it's market dominance. Currently it sits at 34.4 percent but what happens when it becomes 5 percent or less? Thoughts?
It should be noted that bitcoin has not lost its dominance to one or two coins but rather to hundreds of coins.Bitcoin and altcoins are inter dependant and altcoins get valued in bitcoin and survival of more altcoins make governments to think impossible to destroy bitcoin as any other altcoin would easily replace that empty space.
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I think that these companies are now self-sufficient and now they are not in need of launching ICOs and collecting funds.And if OP is mentioning about allowing ads about ICOs,then I think that the project launchers would have found Facebook and Twitter to be much popular and convenient in reaching the targeted investors.
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It's really a sad news.Don't know exactly whether the Indians would be able to use local bitcoins.com hereafter for buying and selling bitcoins.
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Mostly big corporate CEOs and government leaders term it as fraud or Ponzi schemes and not the normal people.This high price for bitcoin is not due to the mining cost but due to its limited supply and it being out of the reach of the bloody corrupt governments which totally doesn't care about its people's hard earned money and just levy huge taxes or just demonitise the fiat currency as in India.Bitcoin has come in such a situation as a blessing to the people which they don't want to miss it.Its the big dictators like russian president putin who term bitcoin as a pyramid scheme who don't ever want their citizens to breath the air of freedom.
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You should be able to trace the most undervalued coins.You could get some basic knowledge in YouTube videos as its explained visually about basics of trading.Also you could not become a professional trader overnight.First try to do small trades to gain experience.Have a thorough updated knowledge about the market change.
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There are many exchanges out there. Which one do you use and why? Thanks!
Two years before,i used poloniex and then Bittrex.But as they were asking now my identity,im recently using Hitbtc.Hitbtc has almost most of the newly released tokens which makes me comfortable to sell my tokens which I get from airdrops as well as bounty campaigns.Also,i don't take much risks by trading in new exchanges which offer zero trading fee since most of them turn out to be scam.
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Yes this might be the right time to buy more bitcoins as we saw most of people were longing earlier for buying bitcoins when it's price range was mostly at 10,000 dollars.
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No.ICOs could not be the reason for price fall in bitcoin.Not all bitcoin investors are ICO investors.There are newbie investors who don't have any patience and they just from one coin to another in seeing even a slight fall in price and they are responsible for the instability in bitcoin price.Now many investors are even scared to invest in ICOs since many of them fail at last leaving very low priced and useless coins in their hands.
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No.We could not term it as bullish trend as we are seeing many frequent ups and downs in the price.Just before two weeks,many of us termed that bearish trend has ended and big whales are trying to rebuy bitcoins and so price will move in bullish trend.But making every one surprise,its price ince again fell down.
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These hackers surely knows how to maximize their profits, and to be able to do that they don't need to sell it all at once as it will just make the trail easier to follow and track. These hacked coins are sold by batches and by increments, so no significant price change is seen and no trails are followed. Somehow it affects the overall price; negative news still has a huge implication when it comes to price. However on the selling side of things, it would take some time before they offload the coins so as not to get caught red-handed.
Yes they don't sell it immediately in rush which would make their transactions to be tracked and their coins blacklisted easily.Rather they sell it gradually.So this aspect would won't affect the price.But the news that large volume of coins have been hacked would definitely have a negative impact immediately over the crypto market.It creates a change in minds of crypto holders out of which most of investors sell their coins in panic adding fuel to the fire.
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RBI (Indian Central Bank) prohibits crypto transaction then this? But Govt of India is very much supportive to digital transaction market.
RBI is part of the government agency of India right then how it can be that they are supportive but their Central Bank is halting it? The Indian government is supportive to promote digital transactions and that means it wants to reduce payments by using the traditional fiat currency so that every transaction cones under the radar of government.But if it allows crypto transactions,then every thing would go anonymous which no government would be ready to support.Hope you understood the Indian situation.
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