I have seen many news about banks banning bitcoin from using. But I think bitcoin is a great technology and future assets, and its a great opportunity for banks also to use bitcoin as a contribution. My question is why does they ban it rather than use bitcoin ?
Competition that is what it is. Lots of bank depositors are now shifting their money with cryptocurrencies because people realizes the fact that profit derived from investing in cryptos is much bigger than what they get from interests in their deposits in banks. |
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I know some of you would wonder what this topic is doing here, in the Economics section, but since it is in fact an economic question with purely utilitarian goals in mind, I think it is where it should be. This is a serious question and I'm not kidding. I'm not very interested in European languages like German or French, or whatever, as I think languages like Chinese and Japanese are more promising and rewarding in terms of both usage and money in the nearest future. Personally, I'm more inclined toward Japanese (that's why I'm not decided yet), though I understand that Chinese may be a better choice for the time being and years to come
So what is your opinion on this matter from an economic point of view, with crypto in mind?
Definitely Japanese for me. I heard that translators in Japan pays much and knowing that a lot Japanese are into cryptocurrencies, i would charge my clients with cryptocurrencies  |
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Many of the FUDs circulating about bitcoin seem to indicate the scouring of bitcoin users' trust on bitcoin so bad perceptions of bitcoin, especially for new users and selling bitcoin, which seems deterrent to use bitcoin, will the price of bitcoin be destroyed by FUD, How do you react to it?
There has been a lot of negative news and articles to create FUD's about bitcoin but never destroyed it. Surely enough that it made investors (specially the beginners) and potential investors alike to be emotional and it is a factor for prices to go down. |
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I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
Emergency funds are not to be deposited in a time deposit account. Time deposit accounts have specific time before you can withdraw it and you can never tell when you are in need of it. Also it is not wise to invest emergency funds because you are doing away with the main purpose of such savings. |
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An economy is a zone of the production, appropriation, or exchange, and utilization of merchandise and enterprises by various operators. Comprehended in its broadest sense, 'The economy is characterized as a social area that underlines the practices, talks, and material articulations related with the production, utilize, and administration of assets'. Monetary specialists can be people, organizations, associations, or governments.
Economists and Politicians alike in my country are boasting of increase in our GDP's and our economy is doing great, so they say. Well i am no politician nor an economist. If economy is what they it is then why are prices of every commodities continue to grow? Why cant the ordinary citizen feel its growth? I guess economy's definition depends on who you are in the country that you live in. |
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seeing bitcoin prices go down and up, I'm a bit frightened to buy bitcoin at the moment, I judge I could lose, do you think, whether bitcoin prices can continue to go down, or even rise high?
Price is very much unpredictable but ups and downs of prices is a normal thing. Prices will not go down all the time and at the same time will not go up all the time also. Below 10K is a good buying price for me because i am very much positive that it would surpass the ATH at the end of this year. |
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I will wait for that time to arrive, because I believe the bitcoin price by the end of 2018 will soar.
I will keep the spirit to collect coins for my future.
although this month, bitcoin prices are worse than December of 2017, but I still believe it.
Can not be denied, the growth of Bitcoin value in 2017 is arguably fantastic. However, this criticism of cryptocurrency is analogous to a 'bubble' (because it continues to fly high but can 'erupt' anytime)
The year 2017 seems to be the period of proof for Bitcoin as the most calculated cryptocurrency. One climax occurs when the digital currency recorded a record high with the value (USD 19,796) on December 17 last.
Experts also predict that with these achievements, Bitcoin has the potential to record a much higher value next year.
"Bitcoin can reach (USD 60,000) by December 2018," said Mike Dumont, Senior Editor of Bitcoin.com
Predictions are statements issued to hype the market i believe. I think 60K by the end of this year is way too much but we will never know till we get there. Anywhere between 20K and 30K would be good already. |
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I want to see every single bank - central, private, or public, moneylenders, etc. wiped off the face of the earth.
I want to see every person earning less than $2 a day (10% of the world, definitely more as hidden figures and ever falling fiat value) have food, clothing, and shelter.
I want to see human beings transact across borders without any fear or market manipulations.
I want to see every human being live the life of dignity, as a free, sovereign individual, who takes care of his own food, clothing, shelter, and healthcare.
"Satoshi is Cyber Buddha - he arrived on this planet to liberate us from the central banking hegemony of fiat currency - a never ending cycle of booms and busts. Bitcoin is Nirvana."
I will die, but I...
WE.
WILL.
LIVE.
ON.
THE.
BLOCKCHAIN.
Well i guess you are going to live for all eternity my friend . But before i die, i would love to see my children living a life of my dreams. A wealthy and happy life that is. |
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Don't you think price blast not correlate with its real life usage since its inception?
Its hoarded for speculative purpose but how many major cities in the world have even its ATM?
I mean we all the time correlate its value with fiat currency then buy/take then what's its purpose in my day to day life?
Who will accept it in store when confirmation time is so long.
Merchants accepting bitcoin as a means of payment is growing as of present time. If acceptance is not that good in your place then you can convert it to fiat money instead and it is an indirect way of using your btc in life. |
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There's been a lot of talk about submitting the Bitcoin economy to governmental regulation and, frankly, it scares the hell out of me. One of the reasons I'm so excited about Bitcoin is because it presents the same promise of a fully free market that cash does without all the problems surrounding a fiat currency.
Personally, I am strongly against Bitcoin regulation. I believe the market is completely capable of caring for itself and regulation would simply expand government intrusion into people lives. I can see no benefit and a lot of detriment.
What do you think? Do you think the Bitcoin economy should be regulated? If so, to what extent?
Rage
I think that regulations would be good to the the market. Lots of people are afraid to invest because of uncertainties but if governments would regulate it then it would somehow eradicate the fears of investors. |
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Japan already made bitcoin a legal currency. Would you consider your countries to also pass a law recognizing bitcoin as a legal form of currency?
Our country is not as progressive as Japan and what is good for Japan may not be good to our country with regards to digital currency that is. We have a very long way to go with regards to technology alone and thus making bitcoin to be legal tender is not possible. |
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do you think that to be sucesfull trader one needs to be lucky or not but rather work hard, learn etc. my opinion is that luck plays big part. i know i myself am not realy somewhat enough lucky in lottery, gaming and similar. evan worse, used to be highly unluck to the point i would feal the world is going against me on purpose. i know some people like me, who simply cant succide evan if they work extra hard, like givin more then 100 percent. something happens, always. so you can see how realy bad fealing it is when it happens over and over again, to the point one starts to cry. then the oposite ones. ones who simply have lucky hand. so which one are you?, or do you evan think there is such thing as luck, and does it play any part in this cryptogame?
Luck plays an important role in this industry but we must not depend much on it. Working hard and being a wise trader still gives you the upper hand in trading. |
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Now obviously, the tittle says it all. I am just curious on how you guys see bitcoins or the whole thought of cryptos as a whole? Because clearly, all of us have different minds which is why most of the time we have different point of views about different things. Although some may have same opinions or believes on the same thing but it still does not cover everyone. Because some sees bitcoins and other cryptos as a key to ending poverty(which is something I disagree with but totally respect), while some sees it as an asset, others see it as currency, and so much more. I would really love to know how you guys see bitcoins because I think this can be a key to having a glance on what the future of the crypto world will be someday(although this is not for sure, I think it is worth a shot). So please my fellow crypto lovers, share your thoughts  I personally see bitcoins as a profit. Lets face it, a lot of people deemed bitcoins more of an investment rather than a currency and i strongly believe that i am not the only one who sees it to be a profit, nothing more. |
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Competition between local currencies Vs crypto currencies are in peak now. Crypto currencies have occupied currency market causing local currencies enforce (banks) banning of crypto currencies. We can see number of investors have turned towards to bitcoin and other crypto currencies with large scale. Will there be a chance / time bitcoin and other crypto currencies rule over currency market and local currencies get disappear slowly in a decade or two?
I think not. There are a lot of poor families out there that does not know the very existence of bitcoin and cryptocurrencies. Poor people that forever be dependent on fiat money because they cant simply avail themselves of this technology. |
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I have a job, and I'm quite tired of working as an employee. I was thinking if I can make my btc earnings a start for a business, what do you think?
I would rather invest my earnings more on bitcoin than start a business. It is hard to put up a viable business today because of so much competition. I would rather undertake the risk in investing in cryptocurrencies than the risk in starting a business. |
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All of us are wants to have a better life in future! Did you remembered when you are in school you always thought that you need to study hard to get a nice job in order to help your family and for you also to establish your own family. But at this generation you noticed that even though you are working with full time job it is not enough to make better way living. That's why you would try to look in another opportunities that helps you to earn more money for family. Do you think Investment in education is better or Investment in cryptocurrency especially in bitcoin is much better? Base of this articles which is better investment in future for you? Share your thoughts about this. Bitcoin is viewed from an investment perspective, it is more often compared to gold than it is to other currencies. That is because bitcoin and gold have a lot in common as assets. Both are limited in supply, have functional use and are considered by many, despite their volatility, to be good stores of value. When gold and bitcoin were compared as investments over the last five years, bitcoin greatly outperformed the precious metal, generating an annualized return of 155 percent compared to gold’s annualized loss of 6 percent during the same period. These exuberant returns indicate that bitcoin is getting investors excited about the prospect of placing funds into a brand new asset class. Bitcoin’s soaring value and its proven investor performance compared to the gold standard, are indicators that it is high time to weigh the opportunities and risks that come with investing in the world’s leading digital currency. Opportunities: Many argue that bitcoin, like other currencies, has value only because people perceive it to have value. It is for this reason that many critics view bitcoin’s price development as nothing more than a bubble. However, there are drivers behind bitcoin’s excellent returns that have nothing to do with hype or speculative opportunism. Clickk Here to view source link https://www.google.com.ph/amp/s/www.nasdaq.com/article/bitcoin-as-an-investment-opportunities-and-risks-cm740800/amp?espv=1 Why an Education is the Best Investment you can Make Whether you consider your education a right, a privilege or something you “just need to do” as part of life, you should always consider it an investment. If you think of your future professional life as a business, your education is an integral part in the overall structure and quality of that business. And it doesn’t matter if you end up working for yourself or someone else, the education element is an investment that provides the tools necessary for you to move forward and become successful. Every expert, leader and big shot in every industry started by learning the basic skills they needed to get the ball rolling, and the same will be true for you. The Time of Your Life Besides having a great time with new experiences, connections are the first reason your education is a worthwhile investment. Quite often, college years are networking disguised as fun. It may not seem like you’re making professional connections for the future, but it’s not uncommon to reconnect with the people you shared this experience with later on, especially in the age of social networks. Decision-Making Leverage Smart decisions are crucial for a business to excel, and getting a good education puts you in a position to make the right professional decisions at the right time. Being educated in your field gives you a sense of accomplishment and confidence, which enable you to make decisions with confidence moving forward. Career Boost It goes without saying that an education is a great investment if you plan to work in a career for someone else. Depending on your career choice, a formal education might be a must-have to even get into the field. But even if it isn’t, taking that extra step will get you started higher up the ladder and will help you move up at a faster pace. Future Security Security is a word you see come up regularly when speaking about education and employment. Whether you want to go out on your own or work for someone else, that education will be there to break your fall if something goes wrong or doesn’t work out. If you lose your job or your entrepreneurial attempt falls flat, an education means you get a second chance and it won’t take nearly as long to make it happen. If you think of your career and your financial life like a business, it’s easy to see why an education is the best investment you can make in yourself. Click here to view source link http://www.cestarcollege.com/blog/news-and-events/why-an-education-is-the-best-investment-you-can-make/Thank you! Both is for long term investment i believe but i would prioritize education over bitcoin. Education is a powerful tool we can use to succeed in life and one thing that can not be taken away from you unlike bitcoin, there is a tendency that you will lose it. Besides we can always invest on bitcoin later on after we finish our studies. |
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I was wondering, if you had an opportunity to sell your stuff alike cars, pc, homethings and etc., would you sell it for bitcoin (or maybe other altcoin)? The main question is to see, are you ready trade stuff for cryptocurrencies and how do you imagine it?
I would use whatever cash i am holding in right now but selling properties and things i own is a big NO for me. Too much risk is at stake and will not bet on things that has uncertain results. |
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As the title says I am pretty sure most of us who understands "what is the actual use of the bitcoin will know what it says"
Bitcoin :
Mint Symbol : BTC
Value : Avg. 10K USD/BTC
Form : Virtual
Use : Currency
This should have been the actual thing after the Satoshi's dream to release the coin like BTC in the market. The bitcoin was supposed to be used as currency to buy and sell things the same way we do with our dollar.
The first use of BTC was done when the guy bought pizza for 10K BTC. That was the thing which should have been continued today also. No matter what how much you pay for pizza in those early days, it could have been few satoshi's today but it could have worked just fine.
The status of the BTC has now turned to commodity. The commodity which is being traded globally for the own profit and to run the different industries. This is getting ridiculous day by day as replica of it coming out of the forks.
This Should have been the Future:
Bitcoin is ebbing used as currency in 2009-2010. Government see that its popularity is growing day by day and it could be of could use in the financial sectors, lets implement the blockchain in our banks!
Bitcoin earns the legal status
Bitcoin gets widespread across the globe and rest of the country follow the same and thus the nationwide legal status turns into the global legal tender!
People start using the BTC for trading daily life needs with help of bitcoin.
There are no creation of million BTC addresses daily but the only one unique address per head per bank account!
No exchangers are being created but only handy smart phone apps and PC wallets to store the coins linked with bank chain.
Bitcoin smoothly shifts in the market capitalism and keeps going upwards slowly but steadily. The value rises and it gets cheaper to use for daily needs.
Global financial advisor think about minted coins to be formed physically with unique barcodes printed on them.
First appearance of the BTC in the global market!
Yes, that seems to me perfect. This is what bitcoin could have followed but greedy human changed its history by using it for their own benefit as commodity.
It was originally designed and created to serve as a currency but at the moment it is deemed more of an investment. Although popularity is growing acceptance and adaptability is slow but if we could somehow break this barrier then definitely its original purpose of being a currency would materialize. |
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we know all the bitcoin has 21 million coins suply, will bitcoin be a valuable antiquity when it reaches 21 million coins or it will be the obsolete item that will be in its enthusiasts, what do you think?
If another technology would arise better than bitcoin and more reliable and useful then bitcoin will be considered as an antique because it will grow old. An antique that has no value that is. |
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I've been listening to lot's of talk people are indulging in these days about future of bitcoin and most of them assume there's no scope and hope for bitcoin. Maybe, Umm Maybe they are right but strongly they are wrong based on the fact the world is moving. Gaint's company and people who are running an organization would never support in the future of bitcoin because they feel powerless when they won't control the money, but because of the power and technology is being used behind this coin they might surrender. Ok, I've been listening to some people saying "We won't be relying on money generated by electrcity" my point is what's the problem in this "Are we going back to the era where there will be no electricity? No Never". As a normal person like you, I believe there' no bad in these coins although they are making our lives easy and saving us from crazy taxes. I'm not a millionaire I think for my every single $ like most people. There is the downside of these coins that I might not aware of but overall it's a good experience for me. Although during my trades I always lost my money never get profit. (I'm bad at my luck or not know how to play) As a resident of Las Vegas, I can see a dramatic change in this cryptocurrency no matter if it's going down but surely will raise based on the growth and usage. If you wear some cool unique dress and other peoples starting to wear the same dress and after sometimes that same dress starts selling on the shops at your city and in the world that means your dress was really awesome. Same with this bitcoins It's been used all over the city. Let me give you some real facts. Las Vegas is the city of tourist and we all know people all around of world came here and these people have good money. Casinos and gambling are the heart of Vegas the moment you step into the airport you will see poker machines and now casino's are accepting bitcoin... Gentlemen's Club in Vegas have started to accept bitcoin. However, not all of them but the point is they realized and started to accept this powerful thing. If you walk to the restaurant and have NO Dollar that's fine you can use your bitcoin to pay for food as Restuarants accepting Bitcoin... I know there are many other big places you will see bitcoin being used I just mentioned places which are most visited places in Vegas. PS: No matter how much the value of coin goes down we still can't predict the future and hope this currency should grow... Your expert thoughts are always welcome  There is no such thing as forever. Digital currency is the future and bitcoin will dominate it for a long period of time but i think that it will be overthrown by another coin or a new technology perhaps. |
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