At a time where I see currencies moving away from cash to digital I think the reason is partly so that governments can control the flow of their currency more particularly for laundering. They can possibly gain more taxation from a cashless currency because cash cannot be fully traced. If i sell my car for cash to another individual the government dont get any revenue from that because it is not traceable.
So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.
Maybe there is bitcoin in the future and at the same time there is also some.other crypto in the future. As we all know that there are many good crypto too in the market so we shoulf consider those crypto in fact they are already claiming that they will going tp surpass bitcoin when it comes to market price movement or coinmarket cap volume. Yet there is no crypto for now that has the capability of doing it. |
|
|
|
|
i know that there are many papers to read here from the start after having Bitcointalk account and to be honest at first i do not read and just do some scanning here in the meta section now that seem that i have some knowledge about cryptocurrency and had some enlightenment with the technicalities from having a digital wallet to the crypto market or exchange and now i am looking back at the corner where one should read first before anything else. The meta section should not be skipped to get more knowledge. I had came back here and do some readings with good updates with rulings and those members that are known in this forum. I do start to know them here in the meta section.
PS. Sorry for my English this thread is intended for newbie's. Base on my experience they should interact here first before any other sections.
|
|
|
|
|
Yeah you have the good idea but if you want to be heard by them you should know the proper place and the proper department of the government agency concern. I think the south korean government had already started to develop a system that same as with bitcoin that has a blockchain technology to incorporate with their system to completely eradicate corruption.
|
|
|
|
The influence of blockchain technology on health and other facets of human life is likely to put bitcoin on the pedestal. This technology has ensured openness and once people get used to it they will look for bitcoin too.
Add up that bitcoin has blockchain technology which is really helpful for bitcoin to be considered as one of the greatest innovations so far that will solve wider range of problems especially in the government system where corruption is rampant. If i were to managed a certain government instead of giving fiat money as budget for them to work on their project i would better put it to bitcoins so that we will going to know how much they are spending and that would be trace publicly. |
|
|
|
We don't need to worry about bitcoin futures, yes that's what Satoshi might have thought while programming the whole thing and made such that we can be sure about its bright future. The bitcoins concept is anyway unique and there won't be any advance technology as good as bitcoin is or what we can say blockchain!
There is very less chance that banking sectors will accept the bticoin though it has many advantages which they can use it in the domestic and international transaction. The reason is bitcoin's unregulated environment which may not be entertained by them and regulating it would be hardcore task for government. So the future is bright the way it is today.
Yeah i do believe on it also why worry in the future when we do not really know what will going to happen in the future? Yet, even if we do not know what will going to happen in the future we must also be ready to face it and that even here in the system that we must be prepared of how bitcoin will be decided upon the majority specifically in market price. Bitcoin is a vehicle and we run it! |
|
|
|
I don't really think so because exchanges could be hacked, as we have seen it happened to even one of the biggest exchange, I still think store our coins in the wallet, is still the best option, you just need to guide your private keys very well.
Well it could be possible of course but they can only phished you out or the exchange itself could be breach but as we all know that the developer of course does not want this to happen so they are actually securing exchanges and its wallets. Anyway we have to be cautious to not always log in in that exchanges to avoid getting phished out. |
|
|
|
|
Yes they coins that are kept in exchanges are safe but you must also know that there are online scammers phishing out online exchanges or those account that are being used to access that exchange wallet and if you are online you should not forget to log out everytime you are done doing trading or transactions with that exchange.
|
|
|
|
Well you should not let crypto hinder or affect your job performance as your job is definitely more important. Crypto is good as additional source of income and you can use your free time do trade or doing other crypto stuff but you should focus on your job then it's work hour. There's also a guy that got fired here because apparently he checks his stock price a lot that he missed the deadline.
Yeah definitely there should be specific time intended for doing and promoting crypto like ICO's project that will literally take some time. Do not overdo yourself and be greedy when it comes to promoting ICO's. Maybe you have more than 5 accounts in BCT that will let you take some time for the ICO's project campaign to comply the rulings of bounty campaign. |
|
|
|
|
There are some members here experienced the same as you. Some of them had contented and happy having full time in cryptocurrency and in fact because of the rewards they get some of them had create a small business in their area which is also good to have a better support for living. There are good things that happen actually on them since some of them are not expecting to go back again in employment because they are already contented having business. This all things became possible because of cryptocurrency.
|
|
|
|
this means that all altcoin values depend on the value of Bitcoin, and this happens because Bitcoin is the king of Cryptocurrency, so all coins are guided by the value of Bitcoin.
Yeah altcoins market price will depend on bitcoin market price movement. Thus, we know that without the bitcoin system these altcoins may not be exist. We can say that bitcoin is the mother of all crypto in the market because without bitcoin creation then there could be no cryptocurrency. |
|
|
|
|
Yes of course because all the coins in the market are BTC dependent even the most establish crypto which is next to bitcoin rank the ETH is also an alternative coin for bitcoin. Thus the market price for most of the crypto is dependent to bitcoin and that is the good thing here in cryptocurrency because we will be able to get a reference of those crypto when to rise and fall accordingly.
|
|
|
|
|
Take your time now to study how market price moves in the crypto market. I had realize that those market price fall down are perfectly performed so that we can see how much potential profit may get if one will going to invest now. This is just like jumping up high and one must take down to the groud first before opposing the force from the ground to jump up high. I can say that the kick off for crypto market price increase will going to start up soon.
|
|
|
|
|
I think there are things that bitcoin needed to address like the power usage of the GPU's that is use to mined bitcoin during trading and transactions. Though we know that bitcoins has a lot of benefits especially on those ICO projects that are now working and being realize that benefited the community the problem with mining will be hopefully address. I suggest to find another means to mine bitcoin or confirming transactions without using those power consuming GPU's.
|
|
|
|
A lot has been said about mining and about the electricity consumption of the activities related to bitcoin mining. However, I have thought of the alternatives and how other systems produce not just energy waste, but also plenty of useless work and "human waste".
To have a network that can ensure the completeness of transactions, the global accessibility and all the features that bitcoins, and many alts, have at the moment, would probable produce a huge carbon footprint. Just think of the VISA system or the banking system... the amount of people working on it, the waste of commuting to works, the infrastructure.
Thinking of all that, would you still say Bitcoin is bad for the environment?
Yeah of course it could lessen the damage of fiat money if bitcoin will be taken as an alternative form of payment and in that way the resources and the raw materials that fiat money will be made will be conserve due to minimal damage on it as bitcoin will take as an alternative form of payment. And i think there are many advantages here with bitcoin yet there are also disadvantage of using it. Either way all in all i believe that bitcoin will do good on environment. |
|
|
|
Usually I do not invest in ICOs, which allocate a lot of coins to the bounty campaign. The big possibility is that the price will fall when the coins appear on the exchanges.
Well you should change that point of view because if you only knew investing in an ICO is very profitable and that if you knew how to choose a good ICO. Just imagine if you were an investors and invested in a project like EOS, Stellar Cardano and etc. which basically starts at low market cap volume and compare to now you can see how much investors had earn. |
|
|
|
|
Well if you are new just like me we have no choice but to review all the ICO projects and the team organizing on it with their experience and expertise in regards to the project that which they would like to realize. Aside from that you can check the community especially the telegram makes the most basis where you can see the chats of the investors there and plus factor is if the team are doing live sales and you can check how much contribution was already listed.
|
|
|
|
Sadly most of the people selling accounts these days are either hackers or just scammers who don't even have any accounts for sale in the first place and are just trying to fleece people. The account selling market is already a shady underworld and most escrows won't get involved so that just increases the chances of being scammed. I really think it's time to disallow account sales here or at the very least allow users to purchases the benefits of the ranks with Silver and Gold Memberships etc. It's win win. People will then stop buying them from scumbag hackers, farmers and scammers and instead they get a clean account that is rightfully there's and the money goes to the forum instead. We can put that money to good use. Either use it to finance worthwhile projects that benefit the community or the world or just give it all to charity. Where is the negatives in that exactly? There isn't one as far as I can see and everybody is better off.
Out of interest, how much did they lose here and what accounts scammed them?
Yeah it should be reported instead of posting awareness here in the forum though it is also good to post a kind of thread like this but still the account that was being used to scam your friend must be reported so that someone can put a re trust on him/her. Putting red trust is enough for a wise man to avoid the one with red trust in trading. |
|
|
|
Bitcoin is presently the most vital challenge amongst all other tasks, so that for the time being most of the altcoins available on the market clearly begin to depend upon bitcoin, so now nearly all altcoins rely on bitcoin, so some external elements, crypto currencies, in standard, move concurrently.
Yes actually most of the crypto in the market has ETH trading pair which is a direct altcoin for bitcoin. So if bitcoin market price moves so does the ETH and when ETH moves its market price so does the crypto that are using ETH platform. But the market price movements will not depend on bitcoin and ETH only because it will depend on the coin utilizations and the project implementation and its ROI. |
|
|
|
Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
Yeah i am interested also to know the ratin between altcoins and the BTC so that we will be able to know if which crypto should we invest and is it okay to invest on the altcoins in the crypto market or those tokens in the ICO period of the project that has potential earnings and profit. |
|
|
|
|
Yeah and i am just waiting a little bit that my money will going to collect soon from my salary and bonuses. This is really a good time to invest and i could sense that there could really be something in the near future. Just let us be patience and hardworking for now. Bear market will just passed by and will surely get a good market price increase in the near future.
|
|
|
|
|
Show Posts
