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1681  Economy / Economics / Re: how can bitcoin help the community? on: January 19, 2018, 05:41:11 AM
Bitcoin has helped our community so greatly to the point of making us financially independent in the community of bitcoin and beyond, bitcoin give us the opportunity of a second currency and that is what the world need at this present time of global warming and the harsh economic situation of most countries of the world most especially the 3rd world country. Bitcoin has help my community greatly as many youths are now employed through bitcoin.
1682  Bitcoin / Bitcoin Discussion / Re: Good news The market began to rise and return !!! on: January 19, 2018, 05:36:20 AM
Yes bitcoin is recovering gradually it has raisin from the below $10,000 it was to $11578 which is a good sighn that bitcoin will not drop so sharply as was predicted by some fud who said bitcoin is going to drop to $6000 I don't think bitcoin price is going to drop that bad to the extent of dropping to $6000 in this period. I know the fact that bitcoin is very volatile and any thing can happen in term of price but bitcoin is going up for now.
1683  Bitcoin / Bitcoin Discussion / Re: Coinbase freezing up on: January 19, 2018, 05:29:39 AM
Coinbase has a lot of customers already and if they are not careful to fix things on time this will affect they customers greatly, I have lost a lot of bitcoin since yesterday I sold my bitcoin and went back to buy during this drop and the green menu has refused to work I hope coinbase will fix this soon or we move to other site.
1684  Bitcoin / Bitcoin Discussion / Re: Shall we be afraid of bitcoin ? on: January 18, 2018, 09:36:48 PM
I don't think you need to be afraid if only you invest your spare money the mony you can afford to loose without causing you discomfort in any part of you financial, and family life. Bitcoin has rise above expectations in 2017 and bitcoin still has the potential to do more in this year 2018 but we should not also forget the fact that bitcoin price is always volatile and at that it can not keep going up always it will get to a point when the price will still drop down.
1685  Economy / Economics / Re: Crypto is an Asset or Currency? on: January 18, 2018, 09:13:36 PM
To me cryptocurrencies are assets and at the same time a currency, an Asset can always be converted into currency at any time except that asset does not have value. So bitcoin and other cryptocurrencies are great assets which can be turn into currency at any point in time, crpto is the greatest assets of our time changing the financial life of it users all over the world.
1686  Economy / Economics / Re: Bitcoin is Falling...Is it Panic Time? on: January 18, 2018, 09:09:37 PM
Well I think this question is still relevant die to the present happening in the world of bitcoin, a lot of people are rushing to do panic selling most especially the newbies in bitcoin who does not have a background knowledge of bitcoin. Bitcoin is a very volatile commodity and at that bitcoin price always move up and down and if you are not well grounded with that knowledge you may rush to do panic selling when there is any little fall in price but one thing we should understand is that the price of bitcoin can not be going up always there is also a time that there will be dip fall in price of bitcoin and at that you have to hold on.
1687  Bitcoin / Bitcoin Discussion / Re: Too late for Bitcoin? on: January 18, 2018, 05:29:03 PM
Well in bitcoin there is never a time that is late to invest due to the fact that bitcoin has no fix price and the price fluctuates all the time, the best time to invest in bitcoin is now because when you keep on waiting for the time that the price will be totally down that time may never come. Due to the volatility in the price of bitcoin my best advice is to buy bitcoin when you have the capital to risk.
1688  Bitcoin / Bitcoin Discussion / Re: A bigger dip to come? on: January 18, 2018, 05:21:46 PM
I believe the dip has come and gone if you miss out in the yesterday fall to take advantage to buy bitcoin I think you are going to buy bitcoin at a very high price from now on. But let not still forget the fact that bitcoin is very volatile and at that it is almost impossible for any one to say what will really happen in the future we are just predicting.
1689  Bitcoin / Bitcoin Discussion / Re: Bitcoin is NOT DEAD on: January 18, 2018, 07:06:54 AM
Bitcoin is not dying in the first place, how can some people be saying bitcoin is dead just because of a little fall in price before the end of yesterday we saw how bitcoin is gradually rising in price that is the volatility of the bitcoin network it price is never stable it can go up or down at any point in time. Bitcoin has appreciated by $2000 dollars again so let keep Faith alive.
1690  Bitcoin / Bitcoin Discussion / Re: I think this crash is good on: January 17, 2018, 05:22:38 PM
This flash crash in bitcoin is a good development because there are much to be done form slow speed of transactions to high transaction fees thousands of unconfirmed transactions, I think the blockchains need to use this time to fix those problem. So much panic in air and newbies are rushing to sell they bitcoin in other to cut losses but in a short time again the price will rise and very soon they will be struggling to buy at a very high price.
1691  Economy / Economics / Re: how can bitcoin help the community? on: January 17, 2018, 06:46:53 AM
Bitcoin can help the community in so many ways, bitcoin help the community to enhance the financial welfare of the members of the community. When the government can no longer take care of the welfare of it citizens and the rate of unemployment is very high the only option left for the people is to be self reliance in other to make development happen in their life's and bitcoin offers the platform to be self employed taking care of your own financial needs and the needs of your community.
1692  Bitcoin / Bitcoin Discussion / Re: Why are so many people against bitcoin? on: January 17, 2018, 06:38:27 AM
I don't think any one will be against bitcoin understanding fully well the gains that is embedded in bitcoin, but the few that are against bitcoin are either uninformed about bitcoin and also ignorant of the potential of bitcoin and at time the Fud are even the bigger investors in bitcoin trying to distract others in other to buy at a cheaper price. And again ignorant people take bitcoin as a ponzi and at that spread bad news to others.
1693  Other / Off-topic / Re: Bitcoin community is rising. on: January 17, 2018, 06:32:01 AM
The rising of the bitcoin community is a good thing for bitcoin because at this moment bitcoin is gaining more popularity and at that it will be more acceptable in the societies around the world, bitcoin will take over the world financial system and the people will get to accept bitcoin as they secondary currency in the nearest future. The community of bitcoin is rising and at that level the price will rise also more investors are coming into to bitcoin and that will really affects the price of bitcoin positively.
1694  Economy / Economics / Re: Do bitcoin millonaires deserve their wealth? on: January 16, 2018, 05:00:21 PM
Why not bitcoin millionaire's deserve they wealth after all it is the efforts that give birth to the wealth they are enjoying today, they took risk when others where still sleeping and now is they reward time. When the price of bitcoin was nothing to write home about this few millionaire's we are having no invested the huge capital in bitcoin in other to Change the financial future and now the investment is paying them.
1695  Economy / Economics / Re: 2017 Was Bitcoin's Year. 2018 Will Be ....... on: January 16, 2018, 12:24:38 PM
Bitcoin has come for the revolutionary mission in the world financial system, the year 2017 came with a lot of success for bitcoin and other cryptocurrencies and we saw how the price of bitcoin rise so high in 2017 and no dought a huge success still await bitcoin in this year 2018 bitcoin is going to take over the world financial system and a lot of countries will start embracing bitcoin as their secondary currency.
1696  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a mode of payment on: January 16, 2018, 09:09:53 AM
Bitcoin is a great form of payment and to me bitcoin is the most secured and high speed mode of payment and at that I recommend bitcoin as the alternative mode of payment as it will come with so much benefit to the person receiving it, because bitcoin increase in value and price so when you are paid via bitcoin you bitcoin tend to either appreciate or depreciate in value so bitcoin as a made of payment is a two edges sword. But considering the high rate in transactions fee of recent no one will choose bitcoin for payment for now till further notice my own opinion any way.
1697  Bitcoin / Bitcoin Discussion / Re: Is Bitcoins goal to end governments? on: January 14, 2018, 06:32:07 AM
I don't see bitcoin ending government and also bitcoin is not even fighting or against the government, bitcoin is here to give us the ability to send money in a peer to peer level without any restrictions and also bitcoin is here as a secondary currency to it users and as an assets. Bitcoin does not have the features of government and can never be a government but a digital currency and a revolution in the world financial system only the bank can see bitcoin as a trait to them and not government.
1698  Economy / Economics / Re: central banks and Bitcoin on: January 13, 2018, 05:36:28 AM
Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?


The fact still remains that bitcoin can never replace fiat money reason being that bitcoin is not coming from the government and the government don't have total control over bitcoin even if bitcoin is centralized today the technology behind it, will make it impossible for the government to have total control over bitcoin and at that the government can not take the risk of replacing what their have control over with what their can't control. The highest the government can do is to allow bitcoin to be use as a secondary currency.
1699  Economy / Economics / Re: why do people agree to pay taxes? on: January 13, 2018, 05:29:36 AM
When the great Greek philosopher John Lock in the 300BC proposes the social contract theory that gave birth to what we now have as government today, the social contract theory states that the people will hand over they rights to a body to carry out they rights for them as a third party who is not part of the contract and that body should be known as the government. Who will have all the supreme power to make and executes the law since then the people has transfer they right to the government.
And the government in other to function well need finances and the only way is to formulate policy that will aid them to succeed which tax is one of those policies. So saying you will not pay tax is a crime against the government despite the fact that the government are not performing up to expectations we must still obey it because the social contract is binding on all of us.
1700  Bitcoin / Bitcoin Discussion / Re: Does Social Media Influence bitcoin growth? on: January 13, 2018, 03:28:14 AM
No daught social media has played a vital role in the success of bitcoin over the years, so many information are gotten from social media which is the easiest way to reach a great number of people within the shortest period of time. In fact the first place I always get information on new investors, products that can be bought with bitcoin is on social media most especially on Twitter and Facebook so social media has help a lot in bitcoin it gave it the popularity it enjoys today.
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