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1  Bitcoin / Bitcoin Discussion / Re: Does it even matter if governments and banks accept cryptocurrency? on: October 20, 2018, 05:55:40 PM
There is buzz about the prospective of governments and banks accepting crypto or creating their own for its mass acceptance.

I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.

In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.

Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.


Yes of course. Cryptocurrency can also provide what we called "security" but unlike banks , crypto is not manage and controlled by governments. People are hesitating whether to invest on bank or in crypto the choice is in their hands but giving them some thoughts and opinion will probably change their mind.
2  Bitcoin / Bitcoin Discussion / Re: How do we change the public's view of Crypto world? on: October 20, 2018, 05:09:43 PM
Guys we are very much aware how the crypto community through this great forum has helped most of us in terms of our finances but is so heartbreaking that the most of the public views only describes how insecure and unsafe the crypto community is. I do understand that cryptocurrencies are volatile and the issue of anonymity sometimes scares people away but y'all bear with me that if  crypto is explained to you and you really understand it properly you would not make wrong mistakes and get swayed away by panic sales or submit your private key as ethereum wallet address. Is it a public campaign or some other form of tutorial that we should organize to help explain crypto to the world because believe it or not the blockchain technology of cryptocurrencies is being admired by most organizations and some of them have decided to run their operations with the use of blockchain technology. What can we do as a community to help change the public view of Crypto?
Actually its really hard to change their mind and view in crypto. As an individual who also an investor in crypto , I always tell someone those misunderstand crypto that crypto is not a scam because most of them taught that it was even tho its not. A little knowledge will help them to realize about this.
3  Other / Archival / Re: EDUCATING PEOPLE ABOUT CRYPTOCURRENCY on: October 20, 2018, 04:15:19 PM
    If you take an assessment, a lot of citizens are not yet informative what is cryptocurrency is....like bitcoin and other altcoins. One proof is that others can be deceived by swindlers because of lack of knowledge regarding crypto currencies. . They invest with the wrong people because of considering in unfounded information and hearsays.
   Educating people regarding crypto will not make them to mislead. Educators can teach about crypto inside school especially in economic subject/s because it has a big role nowadays.
    As Tom Emmer stated, “ People tend to fear what they don’t know. If people sailing the oceans at the time of Columbus had believed the world is flat, we wouldn’t have had the great discoveries of the New World.”

(https://bitcoinmagazine.com/articles/venture-capital-working-group-seeks-select-cryptocurrency-safe-harbor/)

If we educate people about cryptocurrency then they will have an idea what really crypto is. So if someone spread a false news then they can share their knowledge to them. They can also learn about investing and technology. This idea isnt bad unless someone tries to take advantage on it.
4  Bitcoin / Bitcoin Discussion / Re: Why should governments accept Crypto currencies? on: October 20, 2018, 02:05:11 PM
We are led to believe that almost all governments are corrupt and that most officials and even leaders of the world are bought.

We saw this for instance with the US elections where rumours are doing the rounds that massive amounts of money were channelled from foreign countries to influence the outcome of the election. This money had to be laundered through shell companies via Banks and complex money laundering systems.

All of this leaves paper trails and this can later be followed and investigated to find the true origin of this money.

Now think about this, why would "corrupt" governments want to appose Bitcoin and Crypto currencies, if they can use it to hide their "corrupt" practices? Would it not make sense just to allow it and then use it to further their political aspirations?

The push back from these corrupt governments does not make any sense. Could it be that they know that Bitcoin and Crypto currencies are not "anonymous" at all and that these transactions can be traced and for this reason they are apposed to it?

Curious to know what you are thinking.  Wink
Governments should accept bitcoin because it has the potential to give opportunities especially to those unemployed people. It can also give a lot of benefits. In fact it can also make their economy to rise. But of course we cant demand the government to accept bitcoin.
5  Bitcoin / Bitcoin Discussion / Re: Is now a good time to store some Bitcoins? on: October 19, 2018, 07:08:17 PM
I wanted to ask this question and now I don't.Because I opened CoinMarketCap right now and found I had missed the best chance to get it. It's getting growing now and at a price of $11,075.80. Rush to buy!
This time is one of the best time to store bitcoin because of its price. Even you missed a lot of opportunities to store bitcoin you can still store bitcoin now because the price is still low. Do not rush to buy and I think always buy dip by dip and then hold it.
6  Other / Beginners & Help / Re: Where do you go to buy bitcoins? on: October 19, 2018, 06:40:26 PM
there are too many crypto exchanger all over the world you can choose for buying of bitcoin like for example binance, coinbene,kraken,choose the low price. You can check in localbitcoin they are low price from other exchanger.
If you going to buy bitcoin you can go to the crypto exchanger where you can buy all kind of cryptocurrency especially bitcoin. You can also buy bitcoin through using wallet like coinbase where you can use your credit card to buy bitcoin. Its up to you what exchanger you want to use but always check the website before you buy.
7  Economy / Economics / Re: Why everyone only invest in the crypto market? on: October 18, 2018, 11:35:34 AM
For me, everyone invest in the crypto market because, this is the only investment that zero value of tax. Has a good profit during the grace period of trading coins. Can purchase using a digital payment with no extra charges.

Bitcoins is taxless and that is one of the best feature of cryptocurrency but the best part of the market is that, you can always earn profit by trading daily.
One of the reason why they keep on investing in crypto market is the tax because all crypto is tax free so that if you gain and make high profit you do not need to pay taxes. I agree that daily trading will really give profit but you need to be good trader in order to gain good profit. Investing in crypto market is the new and fast investment which can able to make good profit.
8  Bitcoin / Bitcoin Discussion / Re: India closes doors for Crypto Currency on: October 14, 2018, 05:59:36 AM
According to recent news, RBI which is India's central banking institution has advised to stop transactions from any crpto exchanges. This will stop the buying and selling of bitcoin and changing into local currency. Official statements hint more bad days for bitcoin.

For more info, check : https://economictimes.indiatimes.com/wealth/personal-finance-news/your-bank-will-not-allow-you-to-buy-bitcoins-anymore/articleshow/63627123.cms
https://ambcrypto.com/bitcoin-btc-banned-in-india-reserve-bank-of-india-releases-an-official-statement/
Its a bad news for all of us , I know that many indians are getting interested on investing in cryptocurrency but they didnt get the chance. They didnt think about the opportunities they might get on cryptocurrency well we cant do anything but to accept it.
9  Bitcoin / Bitcoin Discussion / Re: My sweet and bitter experience about bitcoin on: October 14, 2018, 03:38:42 AM
I started my cryptocurrency journey around July 2017. I bought some altcoins;  verge; dodge, Xrp Siacoin on Bittrex and left some on bitcoin. It was a roller coaster for me around November to December 2017, particularly with verge, my crypo investment of just about $120 grew to a little bit over $3,000. I never new on time until I opened my bittrex. It was wao!

I took out some money since I was in need about $1000. With the euphoria of bitcoin suppasing $20,000, so I watched until my investment shrinked from about $2000 to $1500, then $1000, I decided to take out some little more until I had about $800 left.

That amount have shrinked further to about $450. The worst came when I took a third of the amount to buy Mithril coin when the news came that it won a vote to be listed on binance,  and suddenly it was disqualified,  and the price have falling like packs of cards, more than 50% right now.

Its a question of if I had known, I would have withdrawn the $3000 the moment I saw it on my bittrex account. Who can tell the future?

But I am wiser now.

Does anyone have similar experience
I do have some sweet and bitter experience with bitcoin ,one of them is when I got my first profit and I didnt expect it to be that huge. In some ways I experience failure with bitcoin when I choose to sell my bitcoin and I regret it. But after that I learned my lesson and choose the decision that has positive consequences.
10  Bitcoin / Bitcoin Discussion / Re: How much damaged bitcoin has brought you? on: October 14, 2018, 02:52:33 AM
I had a small scale investment on bitcoin and i invested on it when the market price is 30% higher. I never thought that market is going to fall down which results to the loss of some of my money if i will sell my bitcoin holdings now. Seeing the market price i consider it as a damage which is 30%. Well if i may ask you do you feel any damage right now? I wanna know who are those people who are investing prior to the market price fall down?
It didnt brought me any damage but in some people maybe yes because they choose to sell their bitcoin and then regret it. I am still holding my bitcoin so I wont be like them. I dont feel any damage rightnow because I always tell myself that I need to be patient enough to earn benefits from bitcoin.
11  Economy / Economics / Re: Which cryptocurrency should I invest in, in 2018? Why? on: October 13, 2018, 02:31:32 PM
Have you looked at EOS ? You will have very different structure of projects build on Ethereum vs EOS... Hence, I request you study both the structure and then decide which one appeals you more.
As of now EOS become popular and many people start to invest on it because of its functionality and structure. Ethereum and EOS have different structure but both of them are good token which may help you to gain profit. I think I will still choose Ethereum than EOS.
12  Bitcoin / Bitcoin Discussion / Re: What do you think about Bitcoin? on: October 13, 2018, 10:28:57 AM
I do not think that all governments hate Bitcoin because some countries have adopted Bitcoin as a legitimate currency such as Korea, Japan,...
I certainly agree with you, some government do not hate cryptocurrencies especially bitcoin because they it will help their economy to grown up. And, some countries are against on cryptocurrencies but I think if they the know the essential function of cryptocurrencies they will probably legalized it.
13  Bitcoin / Bitcoin Discussion / Re: 5 Ways to Avoid Bitcoin Scams on: October 12, 2018, 04:43:54 AM
As interest in digital currencies increases such as Bitcoin, more and more Bitcoin scams promise high returns. Unrealistic lure is clearly a mere cover, and usually ends with the loss of clients' funds. Fraud often spreads in social circles based on trusted relationships. Therefore, we must be aware that there are cunning fraudsters who can actively seek ways to deceive with absurd tricks and offers.

How to avoid bitcoin scams :

1. Know What You Are Facing

You don't need to rush to decide whether an investment product is a scam or not. All you need to do is, take a moment to find complete information about the project. The easiest way to do this is to find information in the form of company details or Whitepaper (if ICO), and other things related to the investment product. Learn all the details carefully and do some research on testimonials, comments, and so on. Another way is to join a Bitcoin forum like Bitcointalk, and immediately ask for credibility of an investment product or company to other members.

2. Avoid Unrealistic Offerings

Usually, crypto currency fraud can disguise its identity by using a social media account or advertising banner that looks professional. Mark Steward, director of FCA law enforcement, explained that when people become more skeptical of the real world regarding investment and consumer habits have changed, investment fraud has moved into the realm of Online and social media.

How to avoid this Bitcoin Scam is, you are better selective about all investment offerings from the Online platform that you did not ask for, whether through social media, email, or even by telephone. Even if it looks official, pay attention to how it is offered. Con artists usually dare to promise high profits to lure victims. So if you feel the promise of profits is unrealistic, immediately ignore the proposed offer.

3. Beware of Phising Web Pages

Increased interest in crypto currencies makes many new investors enter the market. Lots of land in a fake landing page that claims to be a popular digital currency exchange platform. One example is the one that uses the Punycode technique. Through this method, the fake domain 'xn - inance-hrb [dot] com' can be displayed as 'ƅinance [dot] com'. This technique is usually able to deceive consumers, because web pages can look really like the original. You can overcome this by being aware of vulnerabilities that exist in internet browsers, such as Chrome, Firefox, and Opera,

4. Beware of Fake Digital Wallets

Fake virtual wallets often appear online or at the mobile app store. In the example of a fake Wallet fraud that happened, more than $ 3.3 million was stolen from users who want to claim their Bitcoin Gold. To anticipate similar events, many Bitcoin Wallet providers caution clients to be aware of the cloning of scammers who want to steal victim funds by imitating their appearance.

MyEtherWallet for example, warns customers about fake MyEtherWallet in December. In addition, before choosing a digital wallet provider, do research first. Please share opinions on leading crypto forums, both local and foreign. In essence, only use the Wallet provider with a good track record.

5. Beware of Bitcoin Thief Malware

Malware is something that concerns computer owners. But now, a new category of malware capable of stealing Bitcoin-related data has appeared. Malware authorized by the computer owner is able to record typing or search for a file with the keyword "Account", "Password", "Bitcoin", "Wallet", or other keywords specified by the author, then upload the file to an anonymous server automatically.

In addition, there is also a malware that seeks to absorb the computing power of computer users to mine crypto. Anticipating this, YouTube is trying to deactivate ads that take computing power to mine crypto currencies. It is believed, after users see the related ad videos, the computer becomes slow and there will be warnings from anti-virus programs. Malware like this can steal up to 100% of computing power to mine crypto currencies (generally Monero). The solution that can be applied here is to install strong anti-virus protection and active Firewall to protect the computer.
All of that are correct but if you want to avoid scams you need to be wise on choosing and do not click any untrusted files because there is a chance that it is a malware that can access your wallet on your pc or laptop. Just always check the website before you enter and conduct some research before you enter in this field of cryptocurrencies.
14  Economy / Economics / Re: How to save money on a long-term period on: October 12, 2018, 03:47:41 AM
If you want to save your money all you have to do is to invest and make your own bank account so that you have a money that can use in the future.
One of the best way to save money is through investing but by just doing investment you need be patient. Creating bank account to keep your money safe is also a good idea. However, if you really want to save more money for a long period of time you should try to do trading and investing.
15  Alternate cryptocurrencies / Altcoin Discussion / Re: Do not panic on: October 12, 2018, 02:36:29 AM
Do not panic in that bitcoin. That's normal, so is the crypto, the market lows the call jan. so the beginners just calm down and nothing happens in panic panic.
The changing price of bitcoin on market is normal and there is nothig to panic because everything gonna be okay and all you need is to stay calm and just wait. Even the market and the price of bitcoin are down you should still hold your bitcoin because in the near future it will pump up and it will go to the moon.
16  Bitcoin / Bitcoin Discussion / Re: How well does Bitcoin function as a currency? on: October 11, 2018, 04:23:07 PM
It will take some more time before btc is recognized a real currency. As of now, it's just a store of value, which is totally fine. I don't mind btc being recognized as only a store or value..just look at gold.
Bitcoin will really become one of our world currencies but it will take time to wait. Aside from currency the function of bitcoin can be investment. But, instead of using investment or asset many people use it as currency because of fast transactions. If we want to happen it we should support it.
17  Bitcoin / Bitcoin Discussion / Re: How does Bitcoin affect other Crypto? on: October 11, 2018, 03:26:48 PM
I have recently been into altcoin trading. I just want to know, does the price of bitcoin affect the price of other cryptocurrencies as well? How? I really want to know. I have noticed that ever since the bitcoin price pumped up and reached 4,000 USD, the price of the altcoins had gone really really low. I almost lost my invesment due to this sudden drop. Does bitcoin price have something to do with this?
Most of the altcoin are paired with bitcoin so that if the price of bitcoin goes up or down it will really affect the price of altcoin. But, some altcoin are not paired with bitcoin so that there are time the price of bitcoin is high and some altcoin are low. I think the price of bitcoin will determine if the price of altcoin will go up or down.
18  Bitcoin / Bitcoin Discussion / Re: How could bitcoins survive further on: October 11, 2018, 02:28:56 PM
the day bitcoin specifically is favored by governments, then we know we're in trouble!
why would we want banks to see bitcoin as an ally?
part of bitcoins reason to exist is to get rid of the banking mafia-like structure, printing money out of thin air.
don't ally with the enemy, it's for noone's gain except giving them control for a final kill! I think, atleast.

just wait them out, we finally have something which is not controlled for anyone's direct gain, where people are in control of their own funds.
is there a reason that's not preferable above banks?

The bitcoin will survive surely if many big investors, government and organization supports the bitcoin and with that it can develop and progress a better economy that can lead us stable and better life as we get further in our journey.
In fact, bitcoin and cryptocurrencies will really survive in the near future if we keep on investing on it because as long we invest the cryptocurrencies will not die. I do believe that bitcoin will last forever as long we support and develop it. Just support cryptocurrencies especially bitcoin if we want to survive it in the future.
19  Bitcoin / Bitcoin Discussion / Re: 5 Years From Now in Crypto? on: October 11, 2018, 12:50:17 PM
What would be your thoughts and prediction to what will happen in 5 years from now in Crypto?

Do you see higher values?

Do you see less projects?

Do you see a merger of many projects?

Tighter Regulation?

More acceptance?

Society in general?

I think 5 years from now cryptocurrencies will have a high value on market and I think there will be a lot of project about blockchain technologies. I also think that cryptocurrencies will be accepted in all countries especially to the country who love to use cryptocurrencies. I hope it will really happen in the next 5 years.
20  Bitcoin / Bitcoin Discussion / Re: What is the best place to live if you are a Bitcoiner? on: October 11, 2018, 12:12:55 PM
I wish live with country still not allowed for making bitcoin transaction payment, maybe many of them ask me why I love for living in country still illegal bitcoin transaction ? you have think more time if you are living with country was legal bitcoin transaction you have pay tax for all of your payment by using bitcoin, different in some country still not allowed for bitcoin payment, you will have never to pay tax by using bitcoin transaction.
I think I will live to place where the cryptocurrencies were legal can be use in different kind of transaction. I really want to live to that simply because I can free to use cryptocurrencies and I can use my bitcoin to buy all things that I want. I hope there will be country like that and I will probably transfer to that country.
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