is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.
It is quite possible, but the commodity will be not too expensive, if it's expensive, then the country's economy will be affected negatively. Another barrier which will make bitcoin not to be used for purchases, is that bitcoin is one of the most commonly accepted currency in the black market for the purchase of drugs and other illegal stuff. |
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As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
Bitcoin will last way more than 20 years, the first crypto currency not lasting at least 20 years, is that what you think of bitcoin? Bitcoin is some thing which no one has ever seen or experienced before and it's lastingness will surprise everyone like it or not. The price will crash, which will give opportunities to investors to reinvest, investors want people to sell so that they can buy, simple terminology used here. |
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YES:
USA largest debtor nation in history of human species
Obamacare ruined everything
Federeal reserve
0% rates
Eventual economic collapse or hyperinflation
NO:
Largest military ever not going down without a fight
NSA is spying on everyone
What do you guys think?
America has made sure they always win and they get what they want, by black mailing or by arms, one way or the other. Now that Trump is the president, God knows what will happen in the near future. World war 3,if it happens, lord forbid, the chances for America to be replaced from being a super power is high because this time Norh Korea is well prepared and the nuclear weapons that they possess seems to be a lot of trouble for the whole world. |
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I think that when retailers think that their country won't do any regulations on bitcoin, retailers will go for it. And retailers don't want to face legal issues just because they accept bitcoin. So that's why most of the retailers don't accept bitcoin as payment acceptance method. But in the future retailers might think of such an idea but instead they will use their governments crypto currency.
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I would just like to hear your opinions, Which is more profitable, Day Trading where you can profit through buying the dips and selling when it pumps repeatedly, or Long term HODLing where you buy the dip and only sell it when it goes up 5 to 10 times its price value?
Hodling will give you profit only if the price increases, how much can you expect to get from that price increase, unless and until you have large amount of money in crypto currency, then you have a chance of getting rich without doing anything. Trading is something which involves great amount of risks, so if you aint afraid of risks, then trading is the path you want to choose. |
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World needs a virtual currency because one paper currency differs for every country and crypto currency can be used world wide, usage of paper can be massively decreased if crypto currency is considered to be a world currency by governments. And with technology improving by the day, paper currency is out dated and corruption is more because of paper currency .
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I thought that there was an instantaneous decrease in ethereum with bitcoin.and after these events I thought of as a momentary decrease, I got 50 ethereum from 260 dollars. I can not decide what to do with certain levels. Of course, it is not right to make sales like this.my mind came up with the idea of joining an ico or a going ico . I thought maybe I could save the damage in this way, but I'm not quite sure. what should i do? Should not I?I've been loss since the day. I do not want to loss any more, but I can not find a solution. I am delighted to share your ideas in this regard.
Sometimes icos are risky, and the reason is that a few people want to scam and they just spend like 100-200$ to develop a new coin just for the sake of raising funds, after the funds are raised, they run away and it becomes hard to get the money back. If you here for long term Eth should probably increase, I don't think it will increase much in the short run. |
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Hi , I'm new so basically I still have a lot to learn about the cryptocurrency , but I would like to know if it would be possible for the bitcoin to start the downfall ? I mean like what scenario can happen that the bitcoin would be pushed back like 5-6 years ?
Sorry if my post is in the wrong place or it's not relevant.
Yes, quite possible I believe, if countries like China and the like continue to apply more and more regulations to bitcoin, then people might jot be interested in bitcoin anymore and then they will choose the crypto currency that will be in their favor, because let's admit it, we only use bitcoin because of the fact that it's beneficial to us and not to the society. Come what may, bitcoin should survive and rule the cryptos forever is what I want to happen. |
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What do you think? China banned BTC? And btc price goes to 4,069$ today  You think to sell or it can rise up again, some rumors said that btc will fall down to 2000$ I don't exactly know what will happen in the coming weeks! China made a statement and we must appreciate it's guts, it did something that no country has ever did to crytpos and there is a minute possibility that other countries might also do the same. And when it comes to price from what I have seen is, that bitcoin will get back on track on the long run and overcome all the barriers because that's where people lose trust but then bitcoin strikes back. |
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The nature of cryptocurrencies is very political because no single government that can control them. Unlike all other forms of wealth that can be expropriated from the individual. Also people are coming to understand that cryptocurrencies is a better form of money because they are governed by code alone, which makes the contract digital sacrosanct
Yes it's governed by code alone, but do you think everyone knows that, I would give a big no, because people don't care about bitcoin, they only care about its price, their mindset is like,okay bitcoin is going to give me profit, so I'll just put my money in it and cash out a few days later. And even if bitcoin is not controlled by any government, it's price is influenced by people which we experienced earlier this month ,and probably bitcoin should be technically defined as " For the people, of the people and by the people ",damn Abraham Lincoln, stated that at the wrong time, even though bitcoin is not a government, it's in people's hands right? |
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Bitcoin is not regulated, which is one of the main cause here. Banks are regulated but still illegal activities like terrorist funding, drug trafficking and much more take place. Bitcoin being decentralized, it will be even hard to realize which transaction will be a terrorist one, hell drugs have been bought using bitcoin, and terrorist funding has already happened in bitcoin, so it won't be a good option I believe. |
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This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.
Maybe some countries will, maybe not. China banned icos because of money laundering happening online. China wants to regulate all the crypto currency related exchanges now, by implementing kyc and anti money laundering rules and regulations. So now we will have to wait for a couple of months maybe for china to get back in the game. Other countries probably won't do anything because they don't have anything against bitcoin. |
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This is pretty much the whole story right here... " NIFA official Li Lihui told a technology conference in Shanghai on Friday that a goal of China’s monetary regulation is to ensure that “the source and destination of every piece of money can be tracked.” " Bitcoin is the mortal enemy of ' tracking'. Therefore China is going to continue to assault Bitcoin from every angle. You can be sure of that. All countries have problems with money laundering and not with bitcoin. That's why China banned ICOs in the first place because of the reason that China's investors play a major role in crypto currency investment. Afraid of new money laundering cases being created every day, China took this regulatory steps. The more scams occur every day, the more countries will start taking action against crypto currency. |
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Bitcoin has pumped back to $4000 and up, without no chinese markets involved, proving that we can survive government bans. I am very confident now in a strong recovery to an ATH. Once we reach ATH in a post-Chinese ban environment, we are going to prove to the world that bans on Bitcoin are useless, so they will either join us or keep getting exposed.
I predict chinese exchanges will eventually be back under regulated licenses, pumping the price even further. Get in now or cry later.
A fact that will shut people's mouths indeed. People have been boasting that stupid FUDs can take down bitcoin, well I can say one thing to ya,"To your face" dawgs. Wait until China gets back into bitcoin after the regulatory measures are taken, bitcoin will shut your damn mouth because listen up, Russia has invited mining firms in a place Leningrad, so that they can also contribute a lot in crytpo mining. |
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Some bitcoin users told me not to do transactions in these couple of days because hackers are active these days. I want to know is it true? or some kind of rumor? Anyone here who have faced such problem?
Its true and its not a rumor,the thing is bitcoin is easier for hackers to use as bitcoin being anonymous and since the proof of source doesn't work in bitcoins ,it will be hard for the authorities or the person who has been hacked to find out who the hacker is! So be careful out there,keep extremely strong passwords and don't link your one email to another,because sometimes it makes things easy for the hacker. |
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many of my friends did not work but a lot of money away was great when compared, to me that is still working in the factory, I was confused from where producer obtained from bitcoin?
Bitcoin doesnt technically hands over income to you, a few people just tend to pay you in bitcoin for the goods/services that you offer them. There are so many ways and techniques for one to earn bitcoin with both capital inclusive and capital exclusive. The path which you want to select depends on you,on what will suit you the best, but I would suggest you to do trading(capital inclusive) ,as it gives more percentage of profit. |
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Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
Of one country and a rather smaller one,probably yes. Not more than that and the reason is most of countries don't like the idea of bitcoin and you can understand with China's recent activities but still some state they are rumors and some state they are true,so sometimes its hard to believe things on the internet. And improving a country's economy would be a massive task and bitcoin is volatile man,countries cannot afford that by any chance. |
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Hey guys, new member here I've been watching Bitcoin's development since early August this year, and I finally gave in and bought 1 BTC for $4600. I didn't wait because I figured the value could easily break the $5000 barrier at any time, and if the price would suddenly normalize above that level, 1 BTC would be outside my budget. I probably went OCD on the matter and should've waited instead of having to have 1 full BTC, especially since the ICO-related news from China were still pretty recent. Anyway: the 2nd wave of news regarding shutdown of local exchanges hit hours after I made the purchace, and the value plummeted (it's now hovering just above $4000, that's a 13% decrease). Lesson learned I guess. I've been lurking on the forums for a couple of months trying to pick up some sound advice from you guys, and from what I've gathered I should stick with holding for 5-10 years instead of panicking. But honestly, it's tough to ride the lows. Any words of encouragement?  I guess I'm not the only one who've had a nervous start in the world of cryptocurrencies. Anyone else feeling like they "need" to acquire 1 BTC before the train leaves the station for good? If you do not have a problem of cashing your btc out for a few years,fine them you do not have to worry ,after a few years you can cash it out and chill. But if you want to earn within a gap of one year or less,there might be a few things to worry about. The prices might fluctuate (because of the issues going on in China or even because of a possibility of a world war or god forbid even worse) or it might not,but better be careful and make sure that the decision that you make won't affect you. |
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I guess the best answer to that question is of course a BIG NO! Granted, China is a big contributor for the rise and adoption of Bitcoin and they are primarily the country involved with Bitcoin mining due to very cheap electricity cost.
Now, the Chinese government has its own agenda and I think in the long run Bitcoin can be running against those agenda so they are now thinking of slowly disengaging and disconnecting their citizens away from the cryptocurrency platform.
I know that whatever China will decide on the impact can be heavy on the market and this is shown with the recent decision banning the ICO projects and the unconfirmed total ban of Bitcoin exchanges though it is still a rumor and nobody would want to confirm.
Can cryptocurrency still go on and have a very optimistic future even without China as part of the equation?
Bitcoin will not die,but there will be a lot of obstacles to be faced not only by bitcoin but by us as well,because china's contribution so damn high. The rumors are not helping as well,so many people joined bitcoin just because the price went up so high this year,and now that a crisis has come knocking at our doors,people who joined have started selling their crypto and quitting bitcoin. Nothing can be guaranteed on what exactly is going to happen by the end of this year. One can only pray and hope for things not to get even worse. |
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Gold is a good investment ,cause most of us know that gold cannot be mined for ever,so when such a case comes to the eye then and only then will a person get a profit he had dreamed to get. Well that's not the case in bitcoin,it will increase and decrease everyday by big margins due to volatility. And that's the reason why most bitcoiners go for bitcoin and not gold.
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