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1  Bitcoin / Bitcoin Discussion / Re: The primary idea of bitcoin on: June 04, 2018, 03:51:22 PM
The primary idea of Bitcoin is providing a platform based on the decentralized technology to send payments from one point to another without relying on the third party. If I am sending $1 Million to someone through the traditional payment system, I will find myself under the radar of the multiple investigation agencies even though I have submitted tax paid receipts and KYC details. That's happening in most of the countries, whereas in Bitcoin, no one would as you to show paperwork. If you have funds, you can do whatever you want 24*7 without relying on anyone else.

Bitcoin is the first implementation of a concept called "cryptocurrency", first described in 1998 by Wei Dai in the cypherpunks mailing list, suggesting the idea of ​​a new form of money that uses cryptography to control manufacture and transactions, instead of using centralized authority. The first Bitcoin specification and proof of concept were published in 2009 in a cryptographic mailing list by Satoshi Nakamoto. Satoshi left the project at the end of 2010 without telling much about him. Bitcoin community is growing rapidly as many developers are working on Bitcoin. Satoshi's anonymity often leads to false concerns, mostly related to a misunderstanding of the nature of open source-based Bitcoins. BItcoin protocols and software are publicly published and developers from around the world can review the code or create their own modified version of Bitcoin software. As with current developers, Satoshi's influence is limited to some of the changes he created and adopted by other developers, and he does not control Bitcoin. Thus, finding the identity of the inventor of Bitcoin is now just like finding the identity of the inventor of the newspaper.
2  Bitcoin / Bitcoin Discussion / Re: Bitcoin SCAM! on: June 04, 2018, 02:42:10 PM
Bitcoin is a decentralized system in which everyone is equal and no one can control the bitcoin in your wallet.

Bitcoin isn't a hoax, but is it a risky investment product

There are many scams that take advantage of bitcoin at the moment, they promise a high percentage of the profits to encourage you to invest or those who require referring someone to invest, and you will get a percent of their investment. but if you do research, you will not be cheated by these people. So new members must be aware of where they invest. Be careful in what you will invest.
3  Economy / Economics / Re: When will Apple accept bitcoins? on: June 04, 2018, 02:29:26 PM
Probably never Cheesy I would more likely see them making their own coin. That is the kindof strategy, I see apple is doing most of the time.

Apple is a big brand company and can not be denied very thoroughly with anything about its products from other things ever connected to them. Apple knows what it does to follow the current cryptocurrency trend. I really do not think that Apple will ever use bitcoin or other crypto currencies out there as one of their payment options.
4  Economy / Economics / Re: Why Big Banks are so Nervous About Bitcoin ? Why ? on: June 04, 2018, 02:16:28 PM
Because once bitcoin and cryptos will step on the spotlight, banks will surely get nothing from charges they usually get on every transaction made on their banks like money transfer to cross border or country. You can think of it like what eMail did to the postal business in the advent of technology.

Big banks will be really nervous and worried in connection with the rising global acceptance of bitcoin. They fear that bitcoin is decentralized and people want it. Banks consider bitcoin as their rival and have become the bankers' worst nightmare.
5  Bitcoin / Bitcoin Discussion / Re: @RogerVer lets make a deal. At least 60k, my BTU for your BTC. on: June 03, 2018, 09:12:24 PM
If youre Roger though there is no risk because BTU coin and a fork will happen, right?  Personally the only thing I hope to see tomorrow is the sun again.

You can already speculate on BTU coins if it becomes available for a price below BTC so 1 for 1 trade. Very silly atm no one can not even a fool would take the deal. There is no way you will do with this deal, you will lose any power that is in the core chain.
6  Economy / Economics / Re: China banning bitcoin exchages, good or bad? on: June 03, 2018, 08:57:50 PM
It would be a bad news because we would lose some investors from that country,
And if we lose investors that would decrease the demand and the price would drop down too.

China has decided to ban local bitcoin exchanges. That's because bitcoin has suffered a lot due to price manipulation by Chinese bitcoiners and bitcoin miner dominance. We can not forget the obstacles made by Chinese mining and miners in activating segwit. Previously, bitcoin markets were largely dependent on China for every thing. Some people say that China does it because people pass through the banking system and in turn government regulations use bitcoin. China more than any other country wants to have strong control over its banking system, and allocate credit according to the political agenda.
7  Economy / Economics / Re: Is America a failed nation? on: June 03, 2018, 08:43:35 PM
Big no no..because America is one of the largest and richiest country,it have a big investors..and during of war America have a luxury expensive weapons..

I do not think it is possible that America is a failed nation. The American system has some disadvantages, but it adapts to other countries they are much smaller and Americans will take care of it in time. Until now America is the strongest country in the world. Why do they all compare their country's growth with America in terms of economics, education, and technology?
8  Bitcoin / Bitcoin Discussion / Re: Real life usage of bitcoin on: June 03, 2018, 08:22:07 PM
They add a little gold for a more stronger foundation of some items like the diamonds. The same is the usage of btc but in the cryptoworld.

I want to use bitcoin to buy exactly the same stuff as fiat, hoard, partially invest, buy stuff from digital games and online purchases to stores. I will exchange it with the currency that exists in my country with the help of an exchanger and then paying to the buyer. You can keep earning wealth as well and keep spending on the same level and it gives you all the freedom you want.
9  Economy / Speculation / Re: some of the reasons that made the bitcoin's price down on: May 28, 2018, 07:06:21 AM
There are lots of reasons why the market value of bitcoins is going down.  One of these are the external factors such as political policies like new laws and agreement.
Another thing is the demand in their services which slowly decreasing the market value when the demand falls down.

Many reasons may be founders of a joint venture, or perhaps operational costs are too high, or prohibited by the local government, and so on. One thing you need to pay attention to, although at this time perhaps Bitcoin's price drops because of overbought or may be supported for other reasons, but it will not last forever. Later, the price of balance can continue to rise, until the overbought price level continues to rise.
10  Bitcoin / Bitcoin Discussion / Re: What if someone bought up all the existing bitcoins? on: May 28, 2018, 06:53:15 AM
In order for people to sell their btc is because it becomes unsaleable or falls so much in value. Than this investor could easily purchase all the btc`s in market but even if he does it, if people don`t show interest in btc the demand would be very low by leaving this man with a lot of btc but no volume.

Only a fraction of all the bitcoins that have been issued today are sold in the exchange market. The Bitcoin market is competitive, meaning bitcoin prices will rise or fall depending on demand and supply. Moreover, the new bitcoin will continue to be published in the coming decades. Therefore even the most ambitious buyers will not be able to buy all the bitcoins that are present today. However, this situation does not indicate that the market is not vulnerable to price manipulation; still does not require a lot of money to move the market price up or down, so so far Bitcoin is still classified as a volatile asset.
11  Economy / Economics / Re: [ASK] How are you going to handle too much debt? on: May 27, 2018, 09:43:58 PM
In fact, I can't, I started with little money and made satisfying profit for me but after cashing out it to my bank account, it is harder to re-invest in coins. I like my this feel because coins are very risky.

It has become the law of nature and the destiny of man to owe. Nobody lives without debt to make ends meet. Sometimes we can not sleep soundly if we have a lot of debt and how to pay it off. It does not matter if we do not have enough income to pay for it, what we have to do is talk to the person we loaned the money and ask if we can pay for it or adjust to the conditions in which we feel comfortable. So we do not stress and can pay it off as soon as possible.
12  Bitcoin / Bitcoin Discussion / Re: bitcoin down, what will happen? on: May 27, 2018, 09:28:54 PM
very difficult to predict the price of bitcoin next, I think the current bitcoin price drop is only temporary, maybe next month bitcoin price will rise again

Bitcoin has inflation and it's natural. I think that's pretty much the norm in the bitcoin market, people want bitcoin when prices soar but they just let go of the opportunity to buy it when the price is low. Do not be afraid and panic every time the price goes down. Whether the value is up or down is already a cycle that every investor and bitcoin user should accept. Those who hesitate to buy bitcoin are the ones who do not yet understand the world of cryptography. They only want short-term investments with big profits, they do not think that bitcoin has been trying hard to compete with paper money.
13  Economy / Economics / Re: A few suggestions for profit on the crypto market.. on: May 26, 2018, 06:10:40 PM
good article, for now I will discuss importance of news for determine steps. i think this time news very determines bitcoin price. a lot of negative news circulating that makes investors panic sell and ultimately price dump. for that we have to spread good news about btc so can increase investor confidence

bitcoin is a promising investment ground. Many people are in droves to buy bitcoin for sale again when the price is soaring. Because it does not have a central server and no regulation is regulated, bitcoin transactions can be done at will. Of course as long as we have a bitcoin virtual account or wallet. No taxes will be imposed on us, such as transactions through certain financial institutions. In addition, bitcoin staying digadang have super safe and tight technology. All transactions are transparent and spread to millions of servers. So it is almost impossible for counterfeiting of bitcoin databases.
14  Economy / Economics / Re: How futures on bitcoin will work? on: May 22, 2018, 07:31:48 AM
Bitcoin futures works as a primary demand to community, and it works as a basis to eliminate economic problem of the world. And by the use of bitcoin our economic status all over the world would stay smooth and increase economic income because of cryptocurrency business.

The future of bitcoin will continue to grow among the people who use it a lot. The development of bitcoin from year to year is very significant and very expensive. Automatically we can all benefit from this. It is possible that bitcoin worldwide will use bitcoin as a future transaction, so we can transact between countries. The future of Bitcoin will work, because it currently dominates and continues to be a trend because of its rapid price movements. May the future of bitcoin be brighter and will function in the world economy.
15  Economy / Economics / Re: what will happens if everyone has own currency, doesn't a bad for Economics ? on: May 22, 2018, 07:18:41 AM
If everyone has their own currency then it will be very bad with the economy of a country even very bad for the world economy because people are shopping or doing transactions with their own currency so that currency is no longer valuable because there are too many currencies circulating in a country.

It may happen. For now, Bitcoin remains the most popular non-centralized virtual currency, but there is no guarantee that its position will remain that way. There's already another set of coins inspired by Bitcoin. It may be assumed that significant development will be required by the new currency to take over Bitcoin in terms of market-building ability; although this remains unpredictable. Bitcoin may also be able to adopt the development of rival currencies, as long as it does not change the underlying basis of the protocol.
16  Bitcoin / Legal / Re: Criminals and Bitcoin on: May 22, 2018, 06:43:10 AM
I think there is nothing wrong with bitcoin, the wrong one is the one who abuse it. bitcoin itself is free, all transactions can not be tracked by anyone, with so many people using bitcoin the wrong way.

Crime has become part of human nature. Every thing that can make money there are many criminals. Criminals and bitcoins are well connected. Bitcoin is an anonymous cryptocurrency that helps them transact under the radar. But nowadays, there are many altcoins that do better than bitcoin in terms of privacy so bitcoin is now more of an investment or an asset than the currency used to transact illegally and Bitcoin gives us the possibility to share money directly without any disturbance.
17  Bitcoin / Bitcoin Discussion / Re: Can you wait to prove them wrong about Bitcoin? on: May 21, 2018, 09:07:09 PM
yes 100 percent correct time will prove them wrong  bitcoin will be the official currency of the whole world just we have to wait for few years

Why wait when we can prove to our friends about it, if we can really change everything and prove to them that their mindset is wrong and unreasonable. Do not listen to their banter about bitcoin. Stay focused and rest assured that bitcoins will grow, and change all their bad judgments about bitcoin. They just do not want to learn more about investing in bitcoin.
18  Economy / Economics / Re: Is bitcoin really anonymous? on: May 21, 2018, 07:17:54 PM
No doubt that bitcoin is really anonymous, we are relaxed and do not have to worry about keep bitcoin so all the information about bitcoin owners is never known, this is what makes many countries suspect that bitcoin is used for illegal transactions.

Bitcoin is not anonymous and can not provide the same level of privacy as cash. The use of Bitcoin requires extensive public listing. Bitcoin can not be more anonymous than cash and will not complicate the procurement of criminal investigations when necessary. Bitcoin is designed to prevent financial crime in large numbers. Some concerns have arisen regarding personal transactions may be used for illegal use by using Bitcoin. However, it should be noted that Bitcoin will be part of the existing rules of the financial system.
19  Bitcoin / Bitcoin Discussion / Re: I just lost my entire wallet of 13 BTC. on: May 21, 2018, 06:41:42 PM
I'm really really sorry for your loss, 13BTC is a very big amount. hope you can let it go and face the future as usual again.

How could this happen? very sad. You have lost 13 btc in an instant. Whoever takes it, he will not want to return it. It will be a lesson for all of us to always be careful. It's important to keep your password and private key in crypto coins. Whatever it is, it is information that should not be shared with anyone.
20  Bitcoin / Bitcoin Discussion / Re: You can buy KFC chicken by Bitcoin on: May 21, 2018, 07:40:18 AM
This is good news for a country that allows bitcoin as a means of payment but it does not apply in my country because my country prohibits the use of bitcoin as a legal means of payment. ( Just as an investment asset)

Hopefully KFCs around the world can make purchases using bitcoin, though only by ordering through online transactions, as KFC has done in Canada recently. Very good in my opinion, meaning bitcoin will be increasingly utilized by the community. Because by using bitcoin, payment method will be very easy and simple.
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