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1121  Economy / Speculation / Re: Will bitcoin get back to it's first time value? on: September 11, 2017, 08:05:55 PM
With constant speculation about the value of bitcoin, China claiming to ban exchanges of bitcoin, and some banks trying to create their own blockchains for their countries, What will happen to bitcoin if this become true? Will it be still used ? will it not be worthy anymore ?
Ah.....Bitcoin 's initial value, would love to see that happen as an investor because you will buy a lot of bitcoin and wait for a few years for the price to increase and then sell for a profit or maybe even wait further more for a few more years and then sell for a big profit and maybe invest back in bitcoin or anything else which would give me a good profit. The cycle will just go on and on. 
1122  Other / Off-topic / Re: Bitcoin or other coins on: September 11, 2017, 12:27:24 AM
Bitcoin can be compared to other crypto currency because it is also a crypto currency  and bitcoin is the first ever decentralized crypto currency, so bitcoin is very much popular than other cryptos and the price volatility is one of the main reasons why bitcoin has touched the 5000$ benchmark per coin and the reason for it's popularity when compared with other crypto currency.
1123  Bitcoin / Bitcoin Discussion / Re: What is the highest amount of Bitcoin you earned? on: September 10, 2017, 05:43:31 PM
Since I'm still a Newbie, I just want to know what is the highest amount of Btc you earned? (especially for high rankers). And what are your techniques to become successful?

I'm curious of how much can Bitcoin change one's
life Smiley
It depends man, like are you gonna take some risk by investment or you want to earn without investment ,you are looking forward to earn money ? The point Is if you invest big you earn big otherwise you earn less. I would say investment is not a good option for a newbie so you can go for options like signature campaign or faucets or something like that.
1124  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin is better than Cash. on: September 09, 2017, 07:46:20 PM
Bitcoin has better advantages any day when compared to cash or banks but it won't survive all on it's own ,it will bank as a back end unless and until fiat system is totally removed from the community. So if you want money now and you have bitcoin you will need to use the support of bank in order to spend your bitcoin.
1125  Economy / Economics / Re: China Will Kill Bitcoin: A Conspiracy Theory on: September 09, 2017, 03:35:46 PM
China does have some issues with Bitcoin and crypto-currency in general and there is a chance of China permanently banning all crypto-currencies including bitcoin but such a thing a not likely to happen because that will be a hell a lot of loss for the people using crypto ,but if they do then I dont what other countries will follow China's path and do!
1126  Economy / Speculation / Re: Bitcoin a road to 10k. on: September 08, 2017, 11:55:09 AM
It is true that the bitcoin price will reach up to 10k dollars. In your speculation, in what year?
There exists a possibility for such a marvellous thing to happen indeed. You never know what will happen it might be difficult for bitcoin to reach 10k usd per coin because people are saying that now that China has banned ICO it somehow is going to affect the future of crypto currencies, but I do think it's possible for bitcoin to reach 10k in a year .
1127  Bitcoin / Bitcoin Discussion / Re: The advantages of bitcoin on: September 08, 2017, 11:20:55 AM
For me, Bitcoin has many advantages, one advantage is it gives to the individual money to sustain the basic needs, It also reduce the increasing number of unemployed in some countries, The people who work in bitcoin develops the ability to reason out, enhanced the English proficiency, that's the some advantage of bitcoin.
No no that's not why bitcoin was developed for and these advantages that you state don't match up to the real ones that is how the price mechanism of bitcoin profits people, and how the volatility of bitcoin has brought all of us here, the peer to peer transaction facility with no banks involving in the middle etc.
1128  Economy / Economics / Re: If Bitcoin goes up very high should i buy a house? on: September 08, 2017, 10:35:09 AM
If Bitcoin goes up very high should i buy a house?

Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage.  Is that even a good idea though? - basically 80% of networth in a house hmmm.  On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.
Buy a house with bitcoin,sure  a house is worth a lot,but making a mistake is what I think you are doing here,like if you wait for a few more years,god knows maybe you can buy one house for one bitcoin(sounds ridiculous but you never know). What I am trying to prove here is that you can wait for a few years and then think of buying your house using bitcoin.
1129  Economy / Speculation / Re: Price of Bitcoin by 2018? on: September 08, 2017, 09:19:14 AM
Do you think that BTC can price $10,000 in 2018?
Its possible i would say and if it reaches 10,000$ by 2018,people who are using bitcoin for years will become even more richer and more and more people will start using bitcoin and it will be great to see,but people who will come here in this forum will start spamming and try to make trash posts(not everyone but most of them) and the popularity of this forum will go down,which I dont want it to happen. But nothing is in mine your hands so what is it that you can do?
1130  Bitcoin / Bitcoin Discussion / Re: Does China have a large part in the world of cryptocurrency? on: September 08, 2017, 08:52:18 AM
A few days ago China just announced that their government banned all ICO activities, and instantly the bitcoin price went down. how do you think about this?
China has one of the biggest contribution in the bitcoin as well as the whole crypto currency community and now that China has banned icos it's going to be a bit difficult for the crypto currency community not to get affected by this. I don't know what exactly will happen in the future but  come what may bitcoin will survive and will recover as soon as possible.
1131  Bitcoin / Bitcoin Discussion / Re: Bitcoin huge fees on: September 08, 2017, 06:56:44 AM
now i make a transction For 9$ i pay 3$ fee in blockchain.info
shapeshift charged me to change 20$ from ethereum to bitcoin 10$. 50% commision ! nasty greedy company.
the fees in bitcoin are way higher than banks
Banks are different, they are just government 's pets and bitcoin is a currency and the only currency whose per coin worth is around 5000$ and you have to expect some rise in the fee, common you cannot be the only person who should get profit, so I agree that the fee is high but I am getting a bigger profit margin so I don't consider this as a very big deal  .
1132  Bitcoin / Bitcoin Discussion / Re: If you have some BTCs, why not have some Gold too? on: September 07, 2017, 06:47:52 PM
They all beautiful.
To be honest I dislike it because I think that it's too over rated, and people sell artificial gold in the name of original gold, but in the case of bitcoin such a thing is never likely to happen. A lot of people own gold bitcoin now because they have been having it since generations and which is why gold is this popular, it's traditional and has been existing for hundreds of years  and bitcoin is very much new to the community.
1133  Bitcoin / Bitcoin Discussion / Re: What If Bitcoin is banned? on: September 07, 2017, 05:41:17 PM
What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.
First of all bitcoin wont be banned by countries because they will have an indirect loss which they know very well. Even if it does then it depends on which country its banned and accordingly you will have to work it out.And then we will have to wait and watch and just hope that bitcoin doesnt get banned.
1134  Other / Off-topic / Re: Bitcoin so the main choice on: September 06, 2017, 08:10:50 PM
Why will not bitcoin be a main choice for, first time in history one single coin is worth 5000$ and hell it's in intangible and even gold is not worth that much even though the comparison is lame. And a few people are quitting because they want to start a business by selling their services for bitcoin and there exist some people who just hear something about bitcoin and come to this forum and try to make money.
1135  Economy / Speculation / Re: Bank Interest VS Bitcoin profits on: September 06, 2017, 06:45:07 PM
I would say he made a mistake by selling his bitcoin at a price of a mere 1005$ per bitcoin.  That's way too less, the price is 4600$ almost as of my this moment, so look at the profit percent change, 4.5 times of his original profit he got after he sold.  This is one of the best things that a bitcoiner can experience with patience. I will not sell bitcoin at such a price, it would be considered ad a terrible mistake.
And bank interest  it is never a good option to go for, they will charge you a lot of unnecessary fees and your profit will reduce ,so I will go for bitcoin and not for bank interest any day.
1136  Economy / Speculation / Re: WILL BITCOIN PRICE NEVER GO DOWN? on: September 06, 2017, 05:22:25 PM
Bitcoin will go down the moment its price reaches to a certain level because people will Start selling and dollar will become more strong and bitcoin will fall a little bit, but I guess it will recover soon.  And don't have such hopes and fantasies of bitcoin never going down, because everything will have to be replaced one day or another.
1137  Economy / Economics / Re: Being a Smart Person or Strategic on: September 06, 2017, 04:25:16 PM
Is it enough to be smart with just nothing to lean on and go on with your life? Because i feel that there are a lot of people who doesn't know how to handle their money with regards to see in the future. Is it enough to be smart and not be strategical or somewhat a person who has a lot of experience. Who would you choose?

For me it is required to be a master of both things like of course you can not have experience if you are not going to try and some people would think it's a waste of their time if they are doing what they know already like repeating their work over and over again. So it should be in a balance.
You cannot be smart for ever by doing nothing. You need to have a strategy for how to survive and then how to get profit.  And for a strategy you need to be smart and have knowledge. So you cannot split strategy and being smart, because both of them work together only.
1138  Economy / Economics / Re: China will become Super Power ? on: September 05, 2017, 08:03:25 PM
hi .. .Roll Eyes

China will become super power in few years !! sure

First reason is that they are creating everything expect only one thing .. .and the thing is Medical products .. not medical instruments ...

but they are working on them too they will manufacture them too .. !!

and GuyZZZ ? you know ? why china is not raising there currency price ? ? ?  Think .. !! will reveal.
China has always been suspicious behind it's motives but we can assume that they want to be superpower or maybe want to take revenge on some country, you never know. A few years down the lane and where will China be, what will it do to get what it wants. And the relationship between China and crypto currency is not going good at all as well. Good luck China for your future, don't know what you are going to do.
1139  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO is officially banned in China !!! on: September 05, 2017, 07:07:10 PM
Breaking news!

ICO is officially banned in China!

Here is the joint announcement from The People 's Bank of China, Central Network Office, Ministry of Industry and Information Technology, State Administration for Industry and Commerce, China Banking Regulatory Commission, SFC, CIRC: http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/3374222/index.html

-----------------------------

近期,国内通过发行代币形式包括首次代币发行(ICO)进行融资的活动大量涌现,投机炒作盛行,涉嫌从事非法金融活动,严重扰乱了经济金融秩序。为贯彻落实全国金融工作会议精神,保护投资者合法权益,防范化解金融风险,依据《中华人民共和国人民银行法》、《中华人民共和国商业银行法》、《中华人民共和国证券法》、《中华人民共和国网络安全法》、《中华人民共和国电信条例》、《非法金融机构和非法金融业务活动取缔办法》等法律法规,现将有关事项公告如下:

一、准确认识代币发行融资活动的本质属性
代币发行融资是指融资主体通过代币的违规发售、流通,向投资者筹集比特币、以太币等所谓“虚拟货币”,本质上是一种未经批准非法公开融资的行为,涉嫌非法发售代币票券、非法发行证券以及非法集资、金融诈骗、传销等违法犯罪活动。有关部门将密切监测有关动态,加强与司法部门和地方政府的工作协同,按照现行工作机制,严格执法,坚决治理市场乱象。发现涉嫌犯罪问题,将移送司法机关。
代币发行融资中使用的代币或“虚拟货币”不由货币当局发行,不具有法偿性与强制性等货币属性,不具有与货币等同的法律地位,不能也不应作为货币在市场上流通使用。

二、任何组织和个人不得非法从事代币发行融资活动
本公告发布之日起,各类代币发行融资活动应当立即停止。已完成代币发行融资的组织和个人应当做出清退等安排,合理保护投资者权益,妥善处置风险。有关部门将依法严肃查处拒不停止的代币发行融资活动以及已完成的代币发行融资项目中的违法违规行为。

三、加强代币融资交易平台的管理
本公告发布之日起,任何所谓的代币融资交易平台不得从事法定货币与代币、“虚拟货币”相互之间的兑换业务,不得买卖或作为中央对手方买卖代币或“虚拟货币”,不得为代币或“虚拟货币”提供定价、信息中介等服务。
对于存在违法违规问题的代币融资交易平台,金融管理部门将提请电信主管部门依法关闭其网站平台及移动APP,提请网信部门对移动APP在应用商店做下架处置,并提请工商管理部门依法吊销其营业执照。

四、各金融机构和非银行支付机构不得开展与代币发行融资交易相关的业务
各金融机构和非银行支付机构不得直接或间接为代币发行融资和“虚拟货币”提供账户开立、登记、交易、清算、结算等产品或服务,不得承保与代币和“虚拟货币”相关的保险业务或将代币和“虚拟货币”纳入保险责任范围。金融机构和非银行支付机构发现代币发行融资交易违法违规线索的,应当及时向有关部门报告。

五、社会公众应当高度警惕代币发行融资与交易的风险隐患
代币发行融资与交易存在多重风险,包括虚假资产风险、经营失败风险、投资炒作风险等,投资者须自行承担投资风险,希望广大投资者谨防上当受骗。
对各类使用“币”的名称开展的非法金融活动,社会公众应当强化风险防范意识和识别能力,及时举报相关违法违规线索。

六、充分发挥行业组织的自律作用
各类金融行业组织应当做好政策解读,督促会员单位自觉抵制与代币发行融资交易及“虚拟货币”相关的非法金融活动,远离市场乱象,加强投资者教育,共同维护正常的金融秩序。
This is really sad, I don't what is now going to happen in the future of icos and crypto currency in general, because China has always played a major part in it . And also good job with translating the chinese language to English for normal people to understand it. All we can do right now is wait and watch. All the best for the people living in China.
1140  Bitcoin / Bitcoin Discussion / Re: How to explain bitcoin to teenagers or children on: September 05, 2017, 05:43:23 PM
Bitcoin is difficult to explain. I also felt difficulties in understanding bitcoin for the firs time. Let's share how to explain bitcoin to children of teenagers. In My country I can say 98% children don't know bitcoin. In fact, bitcoin can be future money. If the children not familiar with cryptocurrency or bitcoin, how can they face the digital era in the future.
Kids are not mature enough to understand anything until they reach some point of time. And kids these days are well adapted with technology related stuff, so to face and survive the digital era won't be a problem.  But then children and teen agers mostly won't be interested in bitcoin or crypto so, if it's their interest go ahead and teach them otherwise it's of no use.
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