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1
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Bitcoin / Bitcoin Discussion / Re: new to bitcoin, don't know how to use
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on: October 11, 2021, 02:13:27 AM
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First thing to do after researching enough to enter BTC, you need to set up an account to hold your BTC. After that its either you will use it to hold or for trading. There are things that you can use btc, some countries are using it as currency while some are not. You need to have a good research about it first in order for you not to lose a big amount of money.
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2
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Bitcoin / Electrum / Re: Bitcoin stolen
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on: October 10, 2021, 07:01:27 PM
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Transferring asset in crypto is irreversible, as you mentioned I think you got hacked and for the final answer you cant get it back no matter what. This is a hard and costly lesson, you should be more secured in this kind of situation specially when big amount of money is involved.
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3
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Bitcoin / Bitcoin Discussion / Re: What happens to my bitcoin if I die today?
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on: October 10, 2021, 06:09:31 PM
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Still a bitcoin, without its owner. If you didnt give your passcode or write it if this kind of events happen then your btc will be stored in void. No one can touch it unless you gave it to someone who is close or your relatives to be exact. Better for them to use the asset rather than being nothing at all.
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4
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Bitcoin / Bitcoin Discussion / Re: The Future
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on: October 10, 2021, 04:15:02 PM
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Yes, progress and innovation are kept on happening but btc will stay as btc but there are things that will bloom one of this days that involves BTC. Like using it worldwide for daily transaction or payment and others. Lifting ban, specially in some countries and many more.
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6
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Bitcoin / Bitcoin Discussion / Re: Why did you miss Bitcoin?
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on: October 10, 2021, 11:13:11 AM
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I think commitment is the first thing you should have first, without this you will sell at little profit or either at loss you will panic sell. After having a commitment to btc, you need to research in order to avoid pulling your assets at little lost. There is no time in missing btc rather you need to have a good timing in buying and hold, with a little research you can do a buy and sell method specially if you have time to watch the daily price. Other reasons are welcome too, I need to know too why others miss btc.
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7
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Bitcoin / Bitcoin Discussion / Re: What is the biggest threat to Bitcoin?
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on: October 09, 2021, 05:44:44 PM
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There are things that makes an impact in bitcoin but some are not should be considered as threat. Here are the examples that I could think of: FUD, Price manipulation, Pump and Dump and banning of it in some countries. If a news suddenly spread with among these examples, the price of btc will suddenly be affected most of the time is to decrease. Feel free to add additional information regarding to this.
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8
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Bitcoin / Bitcoin Discussion / Re: I predict stricter regulations for bitcoin and the cryptospace for 2021-2024
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on: October 09, 2021, 03:06:31 PM
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First of all our country doesn't have any regulation if you talk about crypto. So the result is that we are free to do what ever we want, but if regulations are implemented which too low to happen, I think people will lessen the time in using crypto or exploring it. However if it goods show result, then it will serve as an advertisement for those who didn't knew it at first.
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9
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Bitcoin / Bitcoin Discussion / Re: Reason why businesses should accept Bitcoin payment
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on: October 09, 2021, 01:43:24 AM
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Do note that the company needed to run their own node to achieve the decentralized nature, if they are using the third-party payment gateway, they are not truly achieving decentralization. The volatility is also a double-edged sword for the company, some might want to store the payment in crypto, on another hand, some needed fast cash to operate it.
I do not imply and discourage its hard for businesses to accept Bitcoin. As a matter of fact, there is some payment gateway that has a FIAT conversion feature to mitigate volatility. My take is, whether a business accepts Bitcoin payment or not, it's a multi-variate problem that needed to be solved by the company self-interest. Not to mention, in some countries, regulatory issues are the obstacles.
Good analyzation, for me, the business that will operate with btc as their second option of currency needs to understand the possible result of losing during operation specially in bullish day of trading it. But if the business has a good other income then saving btc for the future is also a great option for them. Either way, this will be an opportunity for btc to be recognized for those who dont know it yet. |
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10
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Bitcoin / Bitcoin Discussion / Re: Bitcoin the hedge against inflation
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on: October 08, 2021, 07:47:42 AM
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Development and progress keep on happening in BTC throughout the decade while for its counterpart that is being printed and will result to a slowly increase in inflation. BTC proves to be a good escape if you are going to invest in an asset with an assurance of growth to it.
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11
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Bitcoin / Bitcoin Discussion / Re: Does Bitcoin have any real value?
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on: October 07, 2021, 11:29:01 AM
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Any real value, if physical then it doesn't have. But if you are talking about it being asset then you have the answer and it is YES. People are investing in BTC and kept it ever since for potential growth in its price. If you want it to have a physical value, then btc being a currency must have a chance to have a physical form.
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12
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Bitcoin / Bitcoin Discussion / Re: Iranian Bitcoin Mining Ban Lifted after four Months
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on: October 06, 2021, 12:09:10 PM
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Iran is one the biggest producer of oil in the world and there annual revenue of oil sales is 60 billion USD, I don't know why are they facing shortage of electricity. One possible reason for BTC mining ban may be that Iran government want BTC miners to pay electricity bill of commercial user (like payed by shops and industrial users) not as a domestic user.
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Exactly, they do not want the operators to gain profit without paying the right amount. Addition, I think that they don't face electricity shortage rather they want to maximize the production of electricity without loss. So in order to do that they regulate and studied the electricity consumption of miners and the result is clear that they are just normal consumers at all.
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13
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Bitcoin / Bitcoin Discussion / Re: What if stop believing about bitcoin ?
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on: October 06, 2021, 03:55:58 AM
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Btc never ever have taken a physical appearance but you can literally see the tangible things that can be bought through it. Its been 10 years already and look at the pioneers who hodl since the first day, they already have physical assets as of now for sure. The fact that BTC doesn't have a physical appearance makes the security strong too, it cannot be hack easily, stolen or mob.
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14
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Bitcoin / Bitcoin Discussion / Re: Do you want to see Bitcoin legal in your country?
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on: October 05, 2021, 03:04:24 PM
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Legalization in my country will only serve as an advertisement for the nation. We are free to do what ever we want with it with no regulation and possible ban. However due to this, scam is very prone specially to the newbies. Its sad that only few are gaining interest in crypto and they are focusing in other things. If BTC become legal, I hope many of our citizen will be knowledgeable about it.
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15
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Bitcoin / Bitcoin Discussion / Re: Why do many mainstream economists always oppose Bitcoin?
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on: October 05, 2021, 06:14:36 AM
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Its been 10 years and Economist cant even explain how a non tangible asset kept on growing. The hate comes with their prediction and their study but they are proved to be wrong. I think they need to study about crypto in order to give a definite answer and the hate will be replace with knowledge about crypto/btc
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16
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Economy / Speculation / Re: Bitcoin 10% increase in a day - why?
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on: October 05, 2021, 02:40:50 AM
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BTC is very volatile and we don't have any solid reason for the increase. However as a investor hearing something from an influential person that BTC will not be ban is a good thing and reassuring. After all those bearish times I think it will eventually turn into a bullish for a long time maybe a new ATH.
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17
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Bitcoin / Bitcoin Discussion / Re: What happens to my bitcoin if I die today?
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on: October 03, 2021, 03:18:31 PM
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Well if you didn't share the key to anyone then it will just sit in your wallet forever with no one to use it even the value/price goes up. Like inheritance, its better to save it in your safe case(the wallet password/key) so that when someone checks your safe the btc stored can be use.
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18
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Bitcoin / Bitcoin Discussion / Re: Why hoard Bitcoin?
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on: October 03, 2021, 12:59:29 PM
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Hoarding BTC is an excellent choice specially when you are looking forward to the future. You can also check out other coins when hoarding in and buying at its lowest price is always the best. With a good research and knowledge about btc, you can always save your money and buy it at Dip, so that you can maximize efficiently your profit.
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19
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Bitcoin / Bitcoin Discussion / Re: How Twitter can make impact in the BTC world?
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on: October 03, 2021, 07:44:59 AM
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For advertisement, twitter is a great social media platform to introduce bitcoin specially for those who are not knowledgeable, those who want to start but afraid, and wanted to share their knowledge to others. Slowly, people will be interested as they can see it everyday in the platform although they can just ignore it too. But if individuals started to buy/hodl/trade the price of btc thus increasing the price of btc.
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20
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Bitcoin / Bitcoin Discussion / Re: Chinese are turning towards other means of trading
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on: October 03, 2021, 05:36:01 AM
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Expected because you can't suddenly get out of this specially if you hold a big amount of money to it and if you are eager to continue what you started you will eventually do underground techniques. I also think that they will launch their own crypto for the citizen to use.
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