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2
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Bitcoin / Bitcoin Discussion / Re: Idea for physical BTC bills
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on: January 29, 2020, 05:35:01 PM
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your idea is too complicated.
I have already paid electricity bills with bitcoin that I have, I only check bills and pay using bitcoin to my electricity bill address, after confirming 1 block, my electricity bill payment transaction was successful.
Bitcoin payment method is very good option if it is accepted as a method where you pay your bills. Not only for paying bills it is very successful for other payments also. People share their multiple experiences of its usage getting wide with the time. As a man from California said, I paid my peanut packet bill by using Bitcoin and from the other shop I paid my coffee bill by using this as a method of payment. |
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3
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Economy / Economics / Re: Mistakes That Make You Poor Poor In Cryptocurrency
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on: January 29, 2020, 03:52:10 PM
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shitcoins are mostly the reasons of loosing everything. if a coin will be possibly worthless within short term, buying that coin is extremely risky. It is like gambling to buy them.
Bitcoin is the best and most trustable among all. All other crypto coins are not valuable and workable like Bitcoin. This is because of many reasons, one of the leading cause is the crime cases and frauds associate with these coins. Scammers use these coins for frauds as they cannot use Bitcoin due to its large value and huge security. If you want to avoid risks use Bitcoins other than all. Very well said, Bitcoin is the safest among all in any category. Adopt Bitcoin for daily and long term both types of trading. All the other coins are not at stable position to work with them. May be with time they will gain improvement but still Bitcoin will remain best among all. you can also do this that make half of your investment in Bitcoin and the rest with some other coin the comparison will make you surprise. |
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4
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Bitcoin / Bitcoin Discussion / Re: Bitcoin will NOT surpass traditional methods of payment. Convince me.
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on: January 28, 2020, 04:47:51 PM
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You are right on saying that. However, I think that although crypto might not be a good alternative to fiat and such payment methods, the decentralization is very much needed in the modern world as institutions and businesses are making the wealthy wealthier and poor poorer by their manipulative techniques. Every pros come with cons, it's just how we manage to milk out from it.
Decentralization is needed and it is acquired by the people. I am against your idea of it cannot be act as an alternative of fiat, I am of the view that not in future, but in present time it is acting as a best alternative of fiat currencies. People have adopted it as an option at all places where it is acceptable as a payment method. People are also investing huge amounts in trading with digital currencies. These are the results of its usage and acceptance by the people. |
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5
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Economy / Economics / Re: Future of Bitcoins - What will happens to BTC
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on: January 28, 2020, 12:00:21 PM
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As long as there is someone who continuosly supporting bitcoin it will still remain. It will continue to work and its price will continuosly going to increase. But I have a doubt. Bitcoin is decentralized. Anytime it can vanish since they do not care about the rules and regulation since no one controls it. So they can vanish whenever they want.
Bitcoin is decentralized not for getting vanished rather to stay out of control of corrupt people. Bitcoin will never vanish as it is giving huge profits to masses and its support is increasing on daily basis. Bitcoin has yet not been legalized in majority of the countries which means it has yet not bloomed at peak. Before becoming legalize all over the world, I strongly believe it is not going to disappear at all. It has not legalized anywhere because governments are afraid of this currency. If it would be legalized, people will adopt it freely everywhere and this is what threatening authorities. Because this will take the control out from their hands and they will lose their power and status. No government is ready to do that and people will continue to adopt this because it is a great platform for them. |
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6
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Economy / Economics / Re: Halving is approacing: HOLD YOUR BITCOINS AND NEVER SELL THEM (118 days left)
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on: January 28, 2020, 10:18:21 AM
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All of my friends group discussions are ending with this statement now. Not the time to sell Bitcoin, accumulation time going on. I have sold some of my alts recently and converted them to btc as I wanted to hold more in terms of BTC. My opinion is that the rally will start after the halving so still time is there.
It'll be the most sensible thing to do honestly. You expect an increase on your assets so hodl on them until the increase comes in, then you sell it. And I like the enthusiasm most people here are showing right now. I mean, after almost 2 years of bad news and stale progress, we have already received great news regarding bitcoin's price. I cannot be more happier. Just hoping that less weak-hearted people come in here only to sell their coins after they find out it's not a get rich-scheme. Just hoping for the best. Everyone is hoping best and crypto will not make its users hopeless. Bitcoin is rising, people who have hold their money for long time will get good benefits like big bonus and similarly who are making small investments will also be benefited. Stay happier and you will be happiest by the halving effects. I am also very hopeful, be determined, stay positive and ignore haters. |
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7
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Economy / Economics / Re: Say Goodbye to Banking as We Know It
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on: January 28, 2020, 09:38:53 AM
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Banking is not a problem,the fiat is the one.
Crypto may replace them when people call it as currency but as of now its being considered as an investment.
Uhh... But isn't banking is basically based on fiat? Uhh... NO. It is considered as currency in the first place, but as time come to pass it turned out to become an investment. Banks are making money from no where so do you think banking is still better than decentralized crypto? No it is surely not in any case. Crypto is far better than banks and fiat currencies in many aspects. All the regulations, centralized nature and taxes make the banking system tuff and boring for the user. Crypto offers them a complete alternative method different from all the banking regulations, tax free and decentralized. Also the huge number of people’s attention toward is the answer of your question that no banking is no more better than decentralized crypto. |
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8
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Bitcoin / Bitcoin Discussion / Re: So...Is Bitcoin the ultimate coin that does not need more development?
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on: January 27, 2020, 05:55:46 PM
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No, bitcoin isn't the maximum version yet, bitcoin still has a lot of areas that need improvement. Bitcoin is not a perfect coin and as the technology advances improvements are necessary thus, we can expect that bitcoin is not exempted from these improvements.
well for me btc is okay now and not need any improvement . i like the way how it work ( up and down price ) and in my mind , what if btc will improve i think this feature will also be gone which i dont like to happen . they can tweak other coins because there are so many coins on this crypto market . its okay if they can fix or broke those coins because many people wouldnt care at all but bitcoin , nah , its hard to mess with it because btc got alot of base users . I do not agree with your idea, everything needs improvement and developments with the passing time so is the case with Bitcoin. I am not saying that it is not standing at a stable or secure position, no doubt is it has touched the many steps of development and working as the king in crypt market. But development with time will bring more improvements and it will become more efficient. |
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9
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Alternate cryptocurrencies / Altcoin Discussion / Re: [2020-01-25]Japan to begin its own national cryptocurrency
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on: January 27, 2020, 05:27:21 PM
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Japan has always been the number one country in Asia in terms of technology, bitcoin was also born in Japan, so I wasn't surprised to hear that Japan will have its own crypto currency
Yes, it can surely develop its own cryptocurrency and they are working on it in response to facebook’s Libra but I read somewhere that there are certain hurdles that they are facing in there way so they first have to deal with them. But as you said that they are on the top in the development of technologies, they will soon deal with their problems and Japanese digital currency will be in market. |
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10
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Alternate cryptocurrencies / Altcoin Discussion / Re: Nothing is wrong with altcoins
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on: January 27, 2020, 05:07:31 PM
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Its true because its a fact that most altcoins are dependent on Bitcoins price. However if the Bitcoin’s prices improve so the altcoin does. Lets understand tha hate but the market in general is still struggling to recover from what it had experience in 2017.
Bitcoin is the first ever crypto currency and all crypto investors and developers agree on this point that bitcoin influences rest of the whole market with its pumps and dumps. What people experienced in 2017 was amazing, bitcoin was walking on the moon and people are expecting same after the halving procedure which is predicted to happen within 6,7 months. Altcoins will increase in value once bitcoin does. |
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11
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Economy / Trading Discussion / Re: What are the most popular cryptocurrencies for investors?
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on: January 26, 2020, 02:58:44 PM
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I'd love for you to give it a read and let me know if you were surprised by any of the assets that were popular.
I can't wait to discuss!
I wonder, where did you get the data? Is this from your users' portofolio or you took portofolio somewhere then evaluated them? The popular assets that are being used for most of the matters include bitcoins on the top of the list. Bitcoins and other currencies including altcoins are being used more regularly because they belong to the digital world and the economy of today’s world is based entirely on the online systems. These form of assets are anonymous and are more easy to be used in terms of privacy. |
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12
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Economy / Gambling discussion / Re: Is the main purpose in gambling, always to make more money?
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on: January 26, 2020, 02:28:36 PM
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The main purpose of gambling is to have fun and let off steam, but sadly, many people dig themselves into debt by trying to use gambling to generate an income.
That would be really bad. I mean doesn't they even thought about prioritizing more important things than gambling? My family raised me to be a responsible one, he also hates gambling so my family usually hears a lot of lessons about gambling. The purpose of gambling is just to have fun, that should be it. Gambling was a way to have fun at times when life was not the way it is today. This world at present is progressing so rapidly that money has become an important element to be successful in real. In such circumstances it is not possible to live without aiming monetary benefits through your activities. |
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13
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Bitcoin / Bitcoin Discussion / Re: Time for YouTube to vanish ...
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on: January 26, 2020, 10:27:20 AM
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At the moment, there are already platforms like youtube that are supposedly decentralized, but they are little known. It's just that the time has not come yet. Too few people know about the blockchain. But I’m sure that in 10 years, decentralized platforms will gain immense popularity.
This time taking feature is not unique to crypto only. Every business takes time to become fully productive. Crypto is still much better than others as it has shown a considerable progress in very few time. Even after 12 years of its production it has attained a strong value and larger attention in the market. It will become more popular and valuable in future as its value is increasing constantly. |
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Bitcoin / Bitcoin Discussion / Re: What happens to my two Bitcoins (just for example) if I lose my security key?
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on: January 26, 2020, 09:59:34 AM
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Even if you only have a little bit of Bitcoin, a Bitcoin security key is the most important part to be stored in the safest place.
Because if not, you could lose your bitcoin forever. This Bitcoin Security Key does not tolerate anyone who has lost the Security Key.
So be careful and save your Bitcoin Security key in the safest place.
Your security is in your hand, you should take care of it by yourself. Crypto offers you one of the safest way of making transactions, it is the unique characteristic of it that makes it above other methods. If still you do not keep that security key in safe place that is your own fault and lack of responsibility. Be very careful whatever coins you have, once you lose the key there is no possibility to retrieve it. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Death of ICOs
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on: January 25, 2020, 03:55:58 PM
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It is clear that the boom of 2017 will hardly be repeated.
On the other hand, most of the ICOs failed due to incompetence, and however many of them were good and good scams.
Obviously investors are more careful now.
But I think there are still good plans and more will come, so I wouldn't talk about "ICO death" yet
Everything can happen but there is no doubt the current tendency in the development of icos indicate that people are not trusting in those coins and we can hardly blame them, even if we exclude the scam coins from our analysis most coins are either copies of other projects or new projects that are in the hands of amateur developers that do not really have an idea of what they need to do to make their cryptocurrency a success and I will never trust my money to people like that. We all know that it is really hard to earn money and people who are real investors and are concerned about making good money in the market of crypto currencies, they don’t like investing into amateur projects. They need the ones which can help them in long terms. This is why I want a firm with mutual consent of big investors and project developers that will check and balance projects. This will help in only presenting worthy projects to investors. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Is it just me?
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on: January 25, 2020, 03:36:53 PM
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January 2019 we have more bounties at that time but this year January seem to be different, very few bounty projects shows up, I'm not saying scam projects aren't around but this forum seem relieved from many junky projects like that of 2019, maybe scammers are tired of not getting answers in return? Maybe people are now smarter and scammers are starving? I so wish so 🙏 lol what about you?
with the reduced number of gift projects I think this is good. so only good and quality projects will emerge. and as you said I think some con artists are tired of making bounty projects because they don't get investors and prize hunters to promote their projects. now investors prefer to invest in old bitcoin and altcoin. and hunters are also more careful in choosing bounty projects. this is because many new projects fail or are fraudulent projects, so they prefer to invest in bitcoin for the security of their funds. I agree, with the lack of investors there will be a screening of projects and finally only good projects can survive and develop There are majority of investors and users of crypto currencies who are in favor of the screening of projects. This will help investors from getting scammed. Scamming is what scares new investors from entering in the market. There are many projects that appear nice in the beginning but later on they just disappear. I think rather assume that there shall be some firm that regulates projects and this will save a lot for investors. |
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Economy / Economics / Re: Don't spend bitcoin. Not now.
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on: January 25, 2020, 03:16:57 PM
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With the halving approaching, it is probably better to wait to sell. Usually the price rises leading up to the halving and then there is a small correction before another increase. If you want to sell, you could right at the halving and buy back at the correction and potentially make some profit.
Many people who are old users of bitcoin and the crypto market on the whole are aware of this strategy and they will definitely sell out bitcoin near halving and are going to grab it back when there is correction. They will probably buy bitcoin during the initial stages of bitcoin correction and sell it of or cash it out when the correction is at peak. Basically buying and selling at right time is the base of profits. |
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Economy / Economics / Re: Cryptocurrency usage will boost economy or make it worst ?
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on: January 25, 2020, 02:50:45 PM
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What if all those big corporates and businesses starts using crypto as a mode of payment just to avoid tax which will cause a direct loss to the government which uses tax for the betterment of the country. This might not affect corrupt countries as it doesn't matter because tax money goes to politician's coffers but what about developed nations?
It will probably gonna boost the economy of a specific country because we all know that cryptocurrency provides a faster transaction. The faster the transaction the faster the movement of the economy that is why if they accept crypto as a part of their transaction, it will for surely gonna have a huge impact to the economy. Transaction is just one aspect through which economy can boost via usage off crypto currencies. Apart from moving money faster, crypto currencies are capable of boosting the economy of country because their values keep on increasing and with a little investment, one is able to make great profits. The adoption of crypto currencies will also create new business which is going to help government in reducing unemployment rate. |
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Economy / Economics / Re: Halving is approacing: HOLD YOUR BITCOINS AND NEVER SELL THEM (118 days left)
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on: January 24, 2020, 05:29:45 PM
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It’s very important that people hold some bitcoins in their wallet, even if you’re a day trader you still have to keep some coins in your Bitcoin wallet and any other coins you would like to save because at times the biggest profit might come from long term Hodl. We don’t really know how the situation might be after the Halving, there is no assurance that the same thing that happened in the past, the bull runs, will repeat itself this time around.
I have seen a lot of technical analysis and the price seems to be moving the same direction and I strongly there will be a bull run after the next Halving. I have invested an amount according to my level of risk and I’m waiting for it.
there will definitely be movement, but if you look at the halving beforehand, the movement will not occur simultaneously when halving occurs, the movement that occurs in my opinion is like a FOMO or FUD. we will still wait for quite a long time if prices will move significantly like previous halving. but I don't know whether this year halving will be so hype that it makes people FOMO or FUD so that before and after there will be a high enough increase? I guess a lot of people don't want to miss that moment. days approaching that moment, I think there will be a lot of fomo. and in the end there will be an increase in prices as there is demand. and after that many people will wait for the results of the news to determine the steps after the halving bitcoin occurs, at that time there will certainly be a big movement, whether fomo or fud I advise caution not to fomo when approaching halving, I worry when the price goes up it will dump again or make corrections because it rises too fast when halving happens and based on history it's not like that. certainly I am waiting for the peak of the increase in 2021. I think it has become a natural thing that cryptocurrency price movements will always go up and down, you only need to take advantage of the moment of coin price movements when they fall then you can buy them and when prices go up you can sell them, you should not be affected by buying coins when prices are high because it can make you stuck at expensive prices and make you lose because you can not use your trading capital. I know it is a fluctuation, and that is normal because fluctuation is one of the big advantages that we can get from trading cryptocurrencies. in trading you must always prepare more funds, to backup if your capital is stuck. Having a backup plan for your investments is the one of best strategy to reduce the level of risk and increase the chances of profits. One other way to avoid the risk is you can involve yourself in both short term and long term investments. As in short term or daily trading the chances of changes are low so the chances of lose are also low. You can also hold the rest for the time of more rise in price tom get big results. |
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Economy / Economics / Re: bitcoin might be over but blockchain will live
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on: January 24, 2020, 05:15:26 PM
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Bitcoin keeps going down and forecasts of a rebound don't fulfill anymore
Bitcoin will go down when last miner will stop mining it. For Bitcoin to work you only need two users. Where there were Satoshi and Hal Finney, they made it work. Satoshi by himself could not. I mean he could send coins to himself, but that would be just pointless. That's because blockchain technology is a broader terminlogy and also thing than Bitcoin. Bitcoin is just a part or portion of thousands of cryptocurrency, which is under blockchain technology. If ever Bitcoin will be gone someday, there are other cryptos that could still exist in this industry given how many cryptos are being generated every week. Blockchain technology has its obvious advantages. No, it seems that many believe this market can keep going without bitcoin, maybe at some point in the future that statement is going to be true but right now that is unimaginable, bitcoin is everything for this market if it were to disappear for some reason you can be sure that all coins will disappear with it and it is not really complicated to understand why, if bitcoin crashed and disappeared I will most likely never invest in any cryptocurrency ever again because if bitcoin could disappear then that means that no coin is safe. It is not acceptable in present time and similar is the case for future also. You talked about if condition in future, see Bitcoin is the beauty and strength of crypto market and as its value is increasing day by day its strength is also increasing. How can you imagine that such a powerful coin which will gain more attraction in future also can be over? |
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