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1  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin really secure? on: December 15, 2017, 07:37:42 PM
To be able to spend Bitcoin, the owner needs a special line of code called "private key". This line of code is stored in a "wallet" or a digital wallet. When it will be used, then the owner accesses the code and uses it for the transaction.

Private keys can be stored locally on the computer or printed with the printer. Problems arise because this line of code can be stolen or lost. When that happens, all Bitcoin associated with the private key will disappear forever from the owner's hand.
2  Bitcoin / Bitcoin Discussion / Re: What is the most attractive concept about Bitcoin? on: December 15, 2017, 07:24:38 PM
Bitcoin developed with idealism is a good currency not controlled by the government or central bank. Financial crisis some time ago filled with the government always negligent in maintaining economic stability. Trusted governments are always controlled by corrupt people and only work for personal gain, so financial decisions are always on the side of a mere conglomerate.
3  Bitcoin / Bitcoin Discussion / Re: what are the benefits of bitcoin? on: December 12, 2017, 04:55:30 PM
The most important benefit is as a savings. Why? because having a virtual money like bitcoin makes us already have savings. Bitcoin is able to become a new form of savings with a system that will not be troublesome by the community. This advantage is that we are not charged by the costs that are in conventional savings such as admisitrasi fees, service fees, and also the cost of registration
4  Economy / Speculation / Re: When will be stable Bitcoin Price? on: December 12, 2017, 12:35:33 AM
Why do you want bitcoin price to be stable? Well it may be a good thing, but not really if we use bitcoin as an investment.
If the price is stable, there won't be any price increase that can gain us profits, and it means we can't use bitcoin as a long term investment again.
Although the unstable price of bitcoin is kinda sucks too, but we can make advantages from that. Buy bitcoin when the price is dumped, and sell it when the price is high.
5  Bitcoin / Bitcoin Discussion / Re: Buying Drugs with Bitcoin ? on: December 11, 2017, 04:11:53 PM
That is a weakness of bitcoin. Drugsters transfer conventional money to Bitcoin to transact in marketplaces or shopping sites on Dark Web. Bitcoin is claimed to be easier to use because users from any part of the world can trade without needing to pass through the bank's network, making it difficult to detect
6  Bitcoin / Bitcoin Discussion / Re: Why bitcoin is not supported in some countries? on: December 10, 2017, 12:16:11 AM
Countries that do not accept bitcoin are countries that are not able to regulate the crypto regulation as a whole. Why? because money laundering and anonymous contradict the economy and the constitution of the banking world, if bitcoin is legalized then the government can not prevent the wider crime alias the destruction of the inside, from the small and medium sectors can appear many illegal transactions including drugs. Destruction is more severe for officials because it can launder the proceeds of corruption and do not need to bnp paribas etc.
7  Bitcoin / Bitcoin Discussion / Re: Will bitcoin replace gold? on: December 10, 2017, 12:09:32 AM
I think portability is the greatest gold asset. You can move a lot of wealth with a relatively small amount of gold. And gold is easy to keep, and relatively easy to hide.

Bitcoin has the same features. You do not even need to smuggle gold to avoid government detection. The ability to move digital money opens new avenues for criminals or people who are afraid of government detection to be able to transfer money seamlessly.

Thus, we can conclude that the competitive advantage of gold has been lost and makes bitcoin superior. This causes bitcoin to potentially replace gold
8  Bitcoin / Bitcoin Discussion / Re: Do you think Bitcoin will survive after 100 year ? on: December 06, 2017, 05:33:44 PM
I think it can be, why? as we know bitcoin always gives us many profits start from investing, minning, trading or etc. Bitcoin is also a global currency with security from counterfeit currency. But life must goes on, we do not know in the future there will be technology that can compete with bitcoin right?
9  Bitcoin / Bitcoin Discussion / Re: Why do some government ban bitcoin? on: December 05, 2017, 10:26:43 PM
Virtual currencies are hard to control
In contrast to foreign currencies that can be exchanged value in money changer, because the issuance of foreign money is done by the central bank. While Bitcoin does not have a regulatory regulator.

Easy to use for fraud
For some people who understand the movement of Bitcoin, it could be a profitable investment. But for those who do not understand can be bandwagon and entrust the money to buy Bitcoin through any place so that there can be fraud.

Used for illegal transactions
Bitcoin transactions are difficult to trace. It is used by irresponsible parties for money laundering, drug sales, smuggling, and other illegal activities.
10  Bitcoin / Bitcoin Discussion / Re: McDonalds to accept Bitcoin by 2018 on: December 05, 2017, 09:13:02 PM
That's good right? Imagine that we can buy some drinks and food from McDonalds with bitcoin, it makes everything easier. If you forget bring some cash or Credit card, you can pay your food with bitcoin. Many companies like KFC, Starbucks and etc will follow this if it is work efficiently.
11  Bitcoin / Bitcoin Discussion / Re: Will BTC be a major in college? on: December 04, 2017, 02:30:51 PM
i don't think so, why? if btc becomes a major in a college then the problem graduates of the majors only understand about bitcoin. so in my opinion, in the future there will be a general learning about bitcoin so that everyone can be 'Multi-Talented Person' for about finances. For example, if you are in Accounting major and you learn about bitcoin too, it's very usefull right? one side you understand about 'financial statements' and the other side you understand about 'trading / investing Bitcoin'.
12  Other / Off-topic / Re: Bitcoin is a good investment now, because... on: December 04, 2017, 02:11:36 PM
When gold is seen as a 'protection of wealth' and shares as a 'wealth enhancer', Bitcoin is seen as a combination of both types of instruments. As a wealth enhancer, many traders on Bitcoin Exchange (Bitcoin Stock) are proof that Bitcoin is a very good instrument for investment.
13  Bitcoin / Bitcoin Discussion / Re: Why should people use Bitcoin? on: December 03, 2017, 04:32:15 PM
3 Most important reasons why people should use bitcoin
First, The transaction so fast to anywhere around the world. The benefits will be felt in areas where the rules of international banking transactions are still complicated. Second, More secure security at lower cost. The Bitcoin system has no single point of failure, either technically or systemally. This makes us not worried about not being able to access our Wallet and money. Decentralization makes Bitcoin safe. Last, As a medium of exchange or as an instrument of investment. In fact, both can go together: the more transactions with Bitcoin, the higher the price increases. The higher the price increase, the higher the incentive to invest with Bitcoin. So, it all depends on the needs of Bitcoin users.
14  Bitcoin / Bitcoin Discussion / Re: Is It advisable to quit my present job for bitcoin? on: November 23, 2017, 09:01:04 PM
If you're brave enough to take the risks, then do it.
But make sure you won't regret it later if you don't succeed here.
And first, i hope you're capable enough to make money from trading. If you're just trying, don't do it. It's not that i want to limit you or something, but you need to think further too, about your future. What will happen if you quit your job but can't earn anything here.
15  Bitcoin / Bitcoin Discussion / Re: The reason that keeps me from investing in bitcoin on: November 23, 2017, 08:40:16 AM
1. Easy and Not Difficult. This bitcoin investment has advantages or plus value of ease of running it. Bitcoin investment is fairly easy because it can be done remotely (online) from wherever investors are. Just by turning on your computer or smartphone and internet network, then you are ready to run this investment.
2. Minimum deposit, bitcoin investment does not have to be in large quantities. Minimum Rp.100.000, - can already do Trasaksi in Bitcoin. Deposit the greater the profit also More.
3. Bitcoin is Global. no Bitcoin used in just 1 country is definitely used in some countries. Because basically Bitcoin as a means of payment across the country. It can expand the currency market itself to encourage a growth in value supported by increasing demand.
4. Bitcoin is not a flat income that offers a percentage percentage per month. Because the fluctuations in value are determined by the increase and decrease in the number of demand and supply in the market. Many of the world's rich people are created from this price boom. They buy cheaply and sell it with more expensive folding.
5.Bitcoin Tax Free. Unlike land and property taxed, Bitcoin is not taxed. With this situation of course you will be more profitable and invest.
16  Bitcoin / Bitcoin Discussion / Re: The advantages of bitcoin on: November 20, 2017, 03:50:34 PM
User Anonymity

Bitcoin purchases are discrete. Unless a user voluntarily publishes his Bitcoin transactions, his purchases are never associated with his personal identity, much like cash-only purchases, and cannot be traced back to him. In fact, the anonymous Bitcoin address that is generated for user purchases changes with each transaction.

Purchases Are Not Taxed

Since there is no way for third parties to identify, track or intercept transactions that are denominated in Bitcoins, one of the major advantages of Bitcoin is that sales taxes are not added onto any purchases.

Very Low Transaction Fees

Standard wire transfers and foreign purchases typically involve fees and exchange costs. Since Bitcoin transactions have no intermediary institutions or government involvement, the costs of transacting are kept very low. This can be a major advantage for travelers. Additionally, any transfer in Bitcoins happens very quickly, eliminating the inconvenience of typical authorization requirements and wait periods.

17  Economy / Economics / Re: Which one is good, trading or investing? on: November 20, 2017, 03:41:48 PM
Both are great. It's just the matter of choice, which one is better and suit you the most.
If you like to try new thing, work hard and gain profit quickly, then you should try trading. But of course, it's kinda hard and need skill, also the risk is higher.
But if you want to lazy around but still gain money, you should just invest your bitcoin. Keep it and wait until the price increases. No need to do anything, just relax and wait. But of course, it will take a long time and who knows in that time you will gain more profits if you trade?
18  Other / Off-topic / Re: What wallets do you use? on: November 18, 2017, 11:10:47 PM
Blockchain

Here is just a special place for making bitcoin and delivery and acceptance bitcoin saja.Untuk registration is very easy just go to the site blockchain then create my free wallet, after that confirmation of account in email. As a matter of fact our bitcoin wallet consists of numerous codes that are difficult to memorize for example: 3BwDTzz3RPno6o3nRmV82q87iDo3 ******. Once done in registration then it can be used to receive and send bitcoin even save. Many have used this site as a place to store bitcoins. The best thing is here we can see the transactions that occur from all wallet accounts, starting from the reception and delivery.
19  Bitcoin / Bitcoin Discussion / Re: Would you believe Bitcoin is unstoppable? on: November 18, 2017, 11:00:33 PM
Yes i would. Why? because the use of bitcoin from year to year is increasing from abroad to reaching the homeland and in the country, now a lot of Indonesian people start using bitcoin from group to individual, from entrepreneur, politic artist to big company start to use bitcoin and bitcoin users will become more and more floating with as much postive news about bitcoin, the very promising bitcoin price and value if we make it in a value or investment market that makes everyone wishing to gain great advantage in bitcoin transactions increasing interest and interest in people Indonesia to bitcoin is increasingly in number from year to year and its increase is very significant
20  Economy / Economics / Re: Why You Should Never Sell Your Bitcoins Ever on: November 17, 2017, 05:35:54 AM
That's a really good statement and you have a point.
But still there, you say you will NEVER sell your bitcoin, ever.
Now i'm asking. What's your purpose investing your money in bitcoin? Because you want to gain profits right?
Then why don't you want to sell it, and instead keep it all your life? It'll be useless. You won't feel the result of your hard work.
Well it'll be nice though if you can use bitcoin your country, so you won't need to exchange it to real money. But what if not? Of course we need to exchange it first if we want to use it.
It's just a matter of choice, and condition too because no one lives in the same enviroment.
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