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981  Economy / Economics / Re: Why Cryptocurrency threatens governments on: November 28, 2019, 05:38:46 PM
Actually one of the main reason why the government wants to ban and put a limitations between the using of cryptocurrency and blockchain technology is because they are afraid to the people who are open minded nowadays and have a knowledge on what cryptocurrency and blockchain is. The government are afraid that when the cryptocurrency accepted by the people then it would be possible a global currency in which the government cannot control the flow of the money all over the world. We already know that the government was the one who controls the money system in the country so when the crypto becomes the global currency then it would be a problem for them because they will not be able to control the money because of the reason that crypto is decentralized.
The government may be afraid of people knowing what blockchain and crypto technology is but the reason is not that they are afraid of people accepting crypto as a global currency, the reason is that they lack management in this new technology, they cannot control the volume and flow of money as you say. And this may be an opportunity for countries with the ambition to attract cash flow of other countries, economic war will again occur and it is a threat that makes the government want to handle crypto
I think the purpose of Bitcoin isn't about engaging the world in an economic war but rather to provide freedom to the users. Through Bitcoin, we were able to trade freely especially when the product is not locally available and also if it exist online. This I think is one of the ways to utilize Bitcoin. We can observe the news that major countries around the world are pondering about the idea of blockchain and accepting the fact that they can't truly control it that's why they are considering to release their own cryptocurrency backed by their central bank and even gold.
982  Economy / Economics / Re: Does halving really create deflation? on: November 28, 2019, 03:52:15 PM
Deflation is the opposite of inflation. Inflation is directed upward while deflation is downward. The fiat currency is deflating because it is losing value over time, while the prices of goods and services are inflating, and as a result the purchasing power of the fiat currency is getting weak over time. Bitcoin is inflating because its value is increasing over time, the exact opposite of fiat. The rewards of miners, however, are deflating due to halving which happens every 4 years.
I think everyone knows that but the thing is that the halving exist in order to keep up with the rising price of Bitcoin as well as to extend the reward that the miners receives because if there is no halving then all or almost the supply of Bitcoin are mined. Also, with Bitcoin the prices are deflating and I think this is a good thing since we don't get to lose the value of our assets unlike in fiat where you need to spend it rather than saving it especially when we talk about long term since the value gradually declines.
983  Bitcoin / Bitcoin Discussion / Re: People are underutilizing Bitcoin on: November 28, 2019, 05:43:14 AM
Full article: https://www.forrestvisions.com/blog/people-are-underutilizing-bitcoin

People need to start accepting Bitcoin and keeping it, not converting it.

If you think of Bitcoin as just a virtual placeholder for fiat currency, stable coins will be the future and Bitcoin will slowly fade away.


Thoughts?
The thread title seems to go against the content of the thread because keeping Bitcoin will make it underutilized. I agree with the start accepting Bitcoin, because that will help it circulate, change from one hand to another hand but keeping it will just make it idle in our wallets making it underutilized.
I disagree, currencies are not only meant to circulate and to be used as a way to exchange goods and services among people, another characteristic of currencies is that you should be able to store it and it should keep most of its value regardless of how much time passes, this is why people love to hold gold because it is a great store of value and any currency that wants to pass the test of time needs to have that characteristic and fortunately for us bitcoin does.
Isn’t that the reason why in the past, printing fiats depends on the gold and silver reserve of the country since it has no real value unlike gold that’s why it is always backed up and unlike now where fiats like USD for example is very strong hence they could stand these test but of course it is still prone to inflation. Bitcoin on the other hand is decentralized and have limited supply compared to fiat which nowadays can be printed with no real restrictions.
984  Bitcoin / Bitcoin Discussion / Re: NOTHING IS ABOVE BITCOIN on: November 28, 2019, 03:22:55 AM
I have the feeling that some big banks most have secretly been backing some altcoin to possibly defeat the bitcoin, they have since realise that bitcoin is bitcoin and ripple is ripple no matter how you try to market XRP, bitcoin remains their king. It's a matter of time before they will realize they have toy with real technology.
No matter what the central bank or the government authorities tried to control bitcoin from its adoption, time will really come that bitcoin and blockchain will have its full usage from the people. With this, transparency is all the matters that will make our world out from corruption and makes it a better place to live in.
We do know all we can see in the blockchain is the record of transactions that have been made but not the details and who those people are. You can search it on the net or anywhere where traces are left but honestly I can’t really say in what way would it help corruption but if you are saying it with regards to Blockchain only then I would say it is possible to create a cryptocurrency with this feature but why would those who are corrupt use it then it would comes down how the government would sell it to their citizens.
985  Bitcoin / Bitcoin Discussion / Re: An investor lost $24 million worth of bitcoin on: November 27, 2019, 05:43:52 PM
We can’t really say how negligent the owner is since we are talking about $24 million worth of bitcoin then surely he had gone through possible security that he could muster in order to protect his assets but the thing is these criminals would always find a way and as the technology evolves then so as their methods. At this time, I think it would be smarter if we buy a cold wallet where details regarding that wallet along with the private keys should never been recorded kr transmitted digitally but rather a person should keep it physically and store it somewhere safe or if you can memorize it then why not but that would be too risky.
986  Economy / Economics / Re: Current Market state on: November 27, 2019, 05:25:25 PM
We seen a confused market state in today's situation because the market condition may be going to upper direction suddenly that's why everyone try to invest in it and the value also increasing so we can make our Prophet easily when investing now in our future that is the opportunity giving time
.
it has become a risk in investing with cryptocurrency is very difficult to predict the development of cryptocurrency in the future and with confusing market conditions like now it requires confidence and patience in its investment and it's the main capital clever in utilizing every opportunity we will get

At current state, yes we can say full of uncertainty. But always remember that in times like this, an opportunity emerged. Now or if bitcoin continues to slow down, it is a great opportunity to accumulate or buy more. Halving is next yeAR, and once market recovers it will continue to grow before halving and months after it.
I honestly don’t really expect much about halving as major factor for the price to turn around though I am hopeful for other big news that would come like what would China do with Bitcoin and those who are mining it whether they could somehow negotiate these miners to lend their hash power with their newly soon to be released cryptocurrency. Will Argentina’s economic crisis would continue to interest people in amassing Bitcoin and would go to point where it would somehow become a significant factor for the price to rose up?
987  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: No matter how successful a bounty project is...... on: November 27, 2019, 04:57:29 PM
No matter how successful bounty project is, if participants are way too much and the bounty campaign has no limits you will all get too low rewards, this is where many are confused and complains that they only get 10$ from bounty after weeks of working, apart from price dumps this is another thing you should set your eye on.

Assuming a bounty pool worth 100k and thousands are waiting to get their shares please learn to use calculator sometimes, no matter how long the weeks are what you will get will be unsatisfying already.
Yes, it is true that the bounty campaign does not provide a limit on the number of people who can participate in eating if the project is successful and there are a lot of people participating in it, so the rewards can be said to be small because they have to be shared with that many people, in contrast to some campaigns that provide the number limits for people who participate so we can count or estimate the amount we can get later.
If you join earlier that is before the ICO starts which the number of participants is quiet low then you would definitely get a decent amount of tokens or coins. But what I'm looking for really is the percentage of the supply that they are willing to give to the bounty participants since I think that's better than by setting the amount of token which I don't know how much it really is since you can't rely to their ICO price since as we know that it mostly doesn't reach it when the time comes that they will list in an exchange but sometimes they would not even list it and just ran away.
988  Economy / Economics / Re: What will happen if the all countries convert to cryptocurrency? on: November 26, 2019, 06:55:12 PM
In my own point of view, if all countires all over the country wjll start to convert their fiat into cryptocurrency, it will be now convenient for every crypto users to used their crypto to buy the things that they need without cashing out or converting it into fiat. Cryptocurrencies such as bitcoin will have better chances to increased it's price.
China is planning to launch its own crypto currency and many other countries are going to do the same. Digital currencies are the new ways of doing money business. No country of the world can resist this phenomenon for long. Everyone has to accept them. The earlier someone does, the more  he will benefit out of crypto coins. Once this happens, life will become easy and time will be saved.

China is planning to launch a stablecoin based on CNY. It has hardly anything similar to the other cryptocurrencies such as Bitcoin, Ethereum and Litecoin. Other countries such as Canada and India are also planning to launch similar stablecoins. I would not classify these coins as cryptocurrencies, but rather as digital version of the fiat currency.
Yes, more controversy were taking place relative to the creation of their own cryptocurrency. Canada is already a technology supportive country, and the initiative taken by them isn't a big surprise. India was opposing the usage of cryptocurrency within the country, and now it has come up with some positive news, but that doesn't seem to be the way for their won cryptocurrency development.
Well you will always have the feeling that this new national cryptocurrency launched by the state and backed by the central bank would be backed by gold or/and silver for example as what any fiat who had started had been done but eventually they would cut the national reserve with the fiat making them able to print as much fiat as they want and I am afraid that it would be the case when they run these new cryptocurrencies. What cryptocurrency would they run? Is it decentralized which I hardly think they would do it? Is the supply of cryptocurrency finite?
989  Economy / Economics / Re: Taxless society idea on: November 26, 2019, 06:11:43 PM
I think it is impossible, for taxes are lifeblood of the socuety. It is a means for the government to carry out their functions so it is necessary for the existence of the government. Without it, the government cannot continue, as it need to pay expenses too. What can a lifeless government do? I think it will also affect us. Though taxes are often corrupted or use in personal gain, I think it is not ideal to remove taxes. Maybe better to reduce it.

It's not the tax that needs to be looked into but the people in power utilizing the taxes that people are paying for. It's obvious that we can't go taxless. It's logical of course. What needs to be done is to have people up there who can take their personal agendas behind them and think of what's good for the people paying tax. That's the hard part of it. These people who are supposed to be responsible for making any community or country better, almost always think of getting their share of the money.

That’s the challenging part really. Since taxes are needed to run a country and provide opportunities to the people then I also do believe that it is impossible for a taxless society to foster. It would eventually weaken the security and the welfare of the people. The thing about choosing a leader is that these politicians would try to sell themselves with good promises but when put on the post they would not be able to uphold it. And sometimes to select a leader is quiet limited like in the US where there are only two partylist and two running president and you would have no choice but to choose which is less worse than the other.
990  Alternate cryptocurrencies / Altcoin Discussion / Re: What would you have done? on: November 26, 2019, 02:07:08 PM
If 2019 should have been reversed back to 2017, just these once what would decisions will you revert?
I would definitely sell at the right time before the price would reach its peak. I think waiting for the right time at that time is are not really waiting for it but  rather they are greedy and hopeful that it would go further. A suspecting person would notice it immediately that something was pff because new ATHs are going on for months and I think that’s very unusual considering the price when the year had begone. No one had been expecting that and surely I would sell half of my BTC just to secure the profit and slowly sell it as it goes up.
991  Economy / Economics / Re: Why Are Women Slowly Leaning On To Crypto Trade? on: November 26, 2019, 01:44:27 PM
Well, that's actually the research show and not just on trading but in fact into crypto itself. Men are more into technology and investment while women are more focus on their respective careers. However, they are great on handling money and just invest on what they think it's best.

Trading not have know with your gender male or female,
It is and as long as you profited good, it doesn't matter. It's just that men are more keen on details in graph and can think more logically. Don't get me wrong on this, I'm also into gender equality.
I think it is hard to say that. I knew some women who are into with cryptocurrency more than some of my guy friends. I think it is more than just the gender if you think about it. It just so happened that the number of males who are into with technology especially some nerdy stuff than female though it is a matter of what the person's interests are. It all comes down to their environment and how open minded they are in accepting this new kind of way to earn by trading.
992  Economy / Economics / Re: How many bitcoiners on here have actually used bitcoin/crypto for commerce? on: November 26, 2019, 06:41:54 AM
most of us have not used crypto for shopping and I am finding it difficult to find a reliable site to purchase goods as most of the sites which accept crypto are either shady or Grey sites. But there are some e-commerce projects based on crypto which will give a push to crypto usage in terms of shopping.
Before we even come down to the issue of having a reliable site that is accepting cryptocurrency or bitcoin, I don’t think that I have even seen up to 10 companies that are accepting bitcoin out of the millions of companies that we have.

I understand that adoption rate is still very low, but even with the low rate of adoption, there are so many companies that are holding cryptocurrency here today for the purpose of bull run, and I think that it is high time that many people start introducing bitcoin into their own platform for payment and not just buying bitcoin alone and expecting that it will rise without adoption. What will create adoption more is when there are places where we can spend our cryptocurrency. It is only in the gambling section that I can say that they are trying.
Then you should again do some research. I can bank on this that only the number of gambling sites that allow playing with bitcoin is more than 10 in numbers. Bitcoin is a digital currency, belonging to the internet first. It is highly being consumed in other webs by users. Also, it is just a matter of time before bitcoin goes mainstream. Starting from ten companies, it will get accepted by millions of them. A bit of patience is required.
We cannot calculate the exact people who are using cryptocurrency for commerce, but in my own analyzation, most of them are using it for commerce we they are actually using their own crypto to support particular projects and ICO. We actually call it e-commerce because using cryptocurrency since it is digital money we are using it to electronic commerce to purchase goods or support a particular campaign by investing because we are purchasing also to them. In terms of using crypto, I can say that it is way faster than any transaction physically since the internet is being used.
Actually there are now online shopping platform that are now accepting bitcoin as payment. Bitcoin is now considering as an asset and the demand to it is continuing to grow. Actually, many more people are now prefer to use it than fiat money in terms of payment.
Don't worry if now not available using bitcoin for currency digital payment with offline and online shop transaction I think later when bitcoin have higher price many companies and governments want adopt and make bitcoin become legal transaction digital currency payment.
someday it will happen , when many companies and government recognized as product of technology  bitcoin adoption will happen soon. Bitcoin will bring more effectiveness and Investment value . today we see bitcoin already traded in  futures and it means giant companies already considered it as good portofolio  ,in near future when bitcoin bearish trend finished we will see price increase smoothly and many merchant will start accept bitcoin legally.
Maybe the time that you are saying is when the time where the price pf Bitcoin would be much more stable because for now since there are a lot of potential for price to shoot up then people had been treating as a form of investment seeing how valuable it is than using it on commerce. Though there are people, business who are using it for commerce but some people aren’t willing to spend it but rather they would prefer to hoard it or just trade it. I think is farther in the future for this would happen.
993  Bitcoin / Bitcoin Discussion / Re: Never possible earn free bitcoin without work. on: November 25, 2019, 04:09:38 PM
4. Paid-to-Click PTC Websites: There are many PTC websites that will pay negligible amounts in Bitcoin for clicks and views theirs adds
This website allows users to choose between viewing ads that are 5 seconds, 10 seconds or 20 seconds, with different fees being awarded for each but you need to searching trust proof site with payment proof.
This is a waste of time. But the other ways that you had mentioned would earn you quiet a decent amount of BTC. Though people coming to Bitcoin or in cryptocurrency in general expecting free money is funny. Even though you don't use real cash to buy Bitcoin but in order to acquire it you need to pour your time and effort along with your skills which some of it you can learn online like editing. You can practice the way you construct your words in a forum like this one. It is a matter of dedication and hardwork.
994  Bitcoin / Bitcoin Discussion / Re: 6 safety concerns? on: November 25, 2019, 02:40:00 PM
I only have one concern about crypto,

Cryptocurrency such as Bitcoin should not have a huge transaction fee. Because in order for Bitcoin to become the world's leading cryptocurrency, it needs to be utilized by many people around the world. And if they can see the transaction fee is quite high, they might end up choosing other cryptocurrencies
Your concern is my concern also. Though in the moment there are implementations in the blockchain of Bitcoin where the transaction fee is quiet lower compared in the past especially in the time where the blockchain had been flooded by many transactions which a lot of people suspect that there was a group spamming the blockchain which later on been overwhelmed and the transactions would get through for days leading people to use higher transaction fee. I hope that it would not happen again in the future as more people would be inclined to use Bitcoin as mode of payment.
995  Economy / Economics / Re: You want to get rich, don’t pay taxes, don’t get married, don’t use bank, and... on: November 25, 2019, 12:51:16 PM
Don’t pay taxes: govt love taxes! It make them super super wealthy and make you super super poor, govt don’t care if you starve to dead tomorrow, that’s your own fault to be basement dweller, govt rather spam their tweeter with non sense China FUD.
I don't really know what you suggest. Are you implying to just earn cryptocurrency to avoid tax or just avoid tax in general? The major consequence that I can think of is facing legal charges. Tax helps the country in some ways don't you think. The road and other public facilities that you enjoyed using along with security and health are all from the people's purses.
Don’t get married: get a traditional marriage and get a nasty divorce, your wealth immediately split into half! It is no brainier why marriage is a trap in the modern lifestyle, and your lawyers won’t help you to get rid of divorce, you’re doomed! We know Jeff Bezos can buy the best lawyers on the planet to fight for his rights, yet the status quo court decide to prejudice all is his fault to get into marriage at the first place, you horny you pay the biggest price! This is justice! Smiley
I find this funny.
Don’t use bank: Why! We all know bank is a very good investment! You get zero risk while you get a stable fixed deposit income! But why don’t use bank? Because we’re all fooled! We getting so poor today all due to bank! It’s bank fault! We’re all in huge debt!
With the presence of cryptocurrency then it is possible but not totally. I use bank because of necessity but if not then I would appreciate my funds in cryptocurrency.
Don’t invest: Banker love to sell snake oil investment advice! Of course it’s full of moral values to be a decent human being, get a job, get married and invest in well diversified portfolio! Because business create value, we invest in business, and it is the only “real” economy, people who invest into anything else is not investing into real economy! Fuck it! Business itself is a virtual existence, it is an illusion, nobody can touch business, and it can create a lot of value today, by tomorrow it would be just gone and disappeared into abyss! Who the hell buy into this snake oil advice “business is the only real economy” is too dumb to be get rich. Smiley
If you've got a really nice idea for business then it is worth taking the risks for just like in the cryptoworld where risks is everywhere and here we are. Rich families all around the world have businesses right and with money comes power and influence along with fame.
996  Economy / Economics / Re: Bitcoin demand in economically volatile countries surges on: November 25, 2019, 07:32:37 AM
Before there wasn't bitcoin, people used gold as alternative, other precious metals and other goods, but bitcoin beats them all, its easier to hide and transfer it, if we talk about some higher amounts, how will someone transfer gold, or anything else, bitcoin wallet full with bitcoins can be hidden anywhere, much easier.
We haven't really seen a global meltdown yet. In the last couple of decades it has mainly been the USD that people used as hedge and store of value, and to some lower degree as means of exchange as well.

Currently we have Bitcoin but that doesn't mean it's going to benefit from economic turmoil, especially with how people still consider it a very risky and volatile asset class.... stability is key to gain people's confidence.

If the price pumps and dumps by 20-30% every so often that's not helping people. People looking for alternatives want stability and not constantly stress out about the price having gone up or down significantly.
Stability of cryptocurrency is impossible since we all know that cryptocurrency is volatile in terms of value, meaning the price is changing time by time when there are transactions happening all around the world. The idea is that if we experienced downfall as of now, do not lose hope because there is a big chance that the price will come back again to its high value, all we need to do is to wait and HOLD that particular token we have. For you to gain a lot of money or profit you should learn different things with regards to the token you are holding.
Theoretically, it's possible that's why I disagree with your statement that cryptocurrency could not be stable. Prices face volatility and minimizing this volatility into a certain point where the changes aren't that significant i.e. including the stocks, cryptocurrencies and even the products we buy. It is a matter of how huge the market is meaning a market with higher volume would tend to have higher resistance and wall in so in a sense the prices would appear to be stable due to low volatility or rather the movement of the price is minimal.
997  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin, Altcoin, New Projects Relationship on: November 24, 2019, 03:58:24 PM
Most of the speculators before and even now are saying that if Bitcoin goes up, then altcoins goes up as well and good projects perform well. How true are these speculations if there are different technologies or plans for each cryptocurrency? And the fact that bitcoin is not even the first cryptocurrency.
The thing is that most of these altcoins aren’t paired with fiat but with Bitcoin only hence if Bitcoin’s price go up or down then it would affect them. Although Bitcoin might not be the first but the thing is that it had given itself a name and been the most dominant coin in the market for years now. No coin had been able to lose its dominance even for a second this past few years. The thing is that it is not a speculation and the moment you labeled this as a speculation means that you haven’t familiarize yourself on how the cryptomarket behaves.
998  Bitcoin / Bitcoin Discussion / Re: What can do Governements against Satoshi ? on: November 24, 2019, 03:08:52 PM
Since Satoshi Nakamoto is smart enough to come up with Bitcoin which required tremendous flow of idea and predicting what would it be like far from the future that’s why we have what we called “halving” and many other more. This I think is one of the proof that Nakamoto had hidden himself behind this name since he knew that it would be controversial if his identity would be known and is essential for Bitcoin to become decentralized in a way that they could not be taken from the people by exploiting him as the weak link and also for his personal security. That’s why I think that he is smart enough to hide himself in order for the governments would kot do anything to him as what your question said.
999  Economy / Economics / Re: Is bitcoin volatility here to stay? on: November 24, 2019, 02:19:27 PM
LOL... people talk about volatility only when the prices are down. This thread never gets active when the prices are going up. And that is exactly why the volatility of Bitcoin is not a bad thing. Despite its volatility, Bitcoin continues to give good returns to those who had invested in it. The only catch is that you need to stay calm and refrain from panic selling.
You can also take advantage of volatility which traders would truly understand how massive their profits are by utilizing this. The funny thing about Bitcoin is, no matter how much its price falls down, in general it always surpasses its previous lows if you try to look at the chart. What you should do is to think rationally and look forward for the long run than focusing on short term because if no then maybe Bitcoin is not for you. You may consider finding another that would go the way you expected for it to go which you would not find anyway.
1000  Bitcoin / Bitcoin Discussion / Re: The Government Could Shutdown Bitcoin? on: November 24, 2019, 12:32:53 PM
I read this article online that the government could stop the Bitcoin? Easily using a simple trick.
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.
In other words you are saying the bitcoin will be controlled by a single power?

Seriously! What is wrong with you people? When you see a sudden fall then you lot start to panic and forget about this that this kind of things happened thousands times with Bitcoin but still it had 20,000x gains against this shit dollar currency.

You people really do not deserve bitcoins. If you are not okay to hold your coins if the price goes down to $1k (which is highly unlikely) then you people really do not deserve to see bitcoin price to have $100k against this dollar shit.
They could always sell it if they want to. I see nothing that surprises me because I don’t really find it unusual. Bitcoin and any other cryptocurrency do have high volatility because it is very unlike in the stock market especially when compared to gold which the prices are a lot stable because of the volume of the market and the cryptomarket had not yet achieved that kind of massive volume in the market for the prices to be stabilized. There are a lot of pumps and dumps lately but in the long run we are sure to profit and the cryptoworld.
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