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4841  Bitcoin / Bitcoin Discussion / Re: Japan to accept Bitcoin as payment method. on: May 03, 2017, 11:53:39 AM
I am planning on travelling to Japan by next year and I hope that by that time, bitcoin is a really well known currency and commodity and can be used most everywhere I go there. It would be a perfect vacation where I’d be able to pay my transactions, buying high tech gadgets, riding their trains and eating out while I pay with bitcoin. And hopefully it doesn’t stop there and that the rest of the world follow suit as well.
That is a great plan for next year, i hope i can get a lot of bitcoins and travel to Japan also and pay all my expenses in Japan with bitcoin only and i will not use any kind of fiat in that country, that is one of my dream that is why i keep accumulating bitcoin so if the day comes and bitcoin is being used by everyone, i have the advantage to buy a lot of things.

Which definitely true,someday bitcoin will be known and we will have the advantage since we already learned how to gain and use it,  Mass adaption will soon happen for bitcoin since Japan already opening their gate for it. Some other country may think of this move too soon.
I don't really sure that the method to gain bitcoin will not change alongside with the increase of demands in the future, I'm sure, when new adopters in the coming future join bitcoin, the price of bitcoin will skyrocketing and therefore the earning which you earn today may get lower to match up with the current price and rate.
4842  Bitcoin / Bitcoin Discussion / Re: How can we expect "average Joe" to remember passphrases to his Bitcoins? on: May 01, 2017, 11:43:32 AM
There's no use of remembering passphrase or privkey when you can save it somewhere else. People often forgot their passphrase or privkey because they're only saving it up in some place which is pretty unfamiliar to their mind or just too lazy to make a copy of these especially "average Joe".
If you're really aware of the security of your either passphrase or privkey when you make a copy of these, try to encrypt it yourself, it's kinda easy. If it seems just too complicated, there's no hope.
4843  Economy / Trading Discussion / Re: Professional Trader on: April 30, 2017, 01:54:41 AM
I think that patience and discipline is not enough. It's mandatory to know math, statistics, probability theory,
 all of the important news, to know what is important and what's not.  Wink
That's not a requirement and a must but still an important additional knowledge to improve the chances of earning a profit throughout the skill of reading the current circumstances and graphic.
Traders could just buy and sell with their feelings but with that mandatory knowledge you've mentioned, they'll seem to have even better potential instead of relying on luckiness based on feeling.
and more important, feeling sometimes could trick us.
4844  Economy / Economics / Re: Indian Economy at all-time high! What you say..? on: April 30, 2017, 01:07:19 AM
I think India's economy has plenty of more room to grow. There is 1.2 bn people there. developing nation economies always grow and incredible rates. if you believe in Ricardian Equivalence, India's economy catching up to the western world is definitely not an impossiblity

The biggest problem in India is corruption, and without paying money, no work can be done by government officers. For each everything most of these people expect money, and if you don't pay, then you work never happen. Now government should do something about this corruption otherwise it will be hard to open up new businesses. Yes, currently they are the best and doing better than China but not sure so easy they can overtake western countries economy.
Corruption always exists even in the developed country but the rate of corruption is low that doesn't affect the government's economy that much, it's really hard to eradicate corruption to its root if you're expecting the government to do it, what if the government itself is the one who has done corruption? Not talking about India only though, it's for all those countries in this world which still have high rates of corruption that affect their economy directly.
And one thing, it's really possible for India to overtake the western's economy, just if India keeping on growing their economy this significant.
4845  Bitcoin / Bitcoin Discussion / Re: 10 main mistakes of Bitcoin newbies on: April 30, 2017, 12:56:33 AM
Sometimes a mature person also make mistakes not only newbie can mistake but also a mature member of bitcoin make mistake.
Mature doesn't mean experienced, but the newbie is clearly inexperienced. It's better to prevent those mistakes by at least reading someone's experiences instead of experiencing it directly. It'll not waste your time and efforts because you can learn without the needs of struggling first, it's a smart way to improve yourself.

Definitely , but people should learn their mistake in order for them to improve themselves. Many bitcoiners out there once been mistaken but now they are millionaire because they have learn from there mistakes.
The majority of bitcoin millionaires as far as I know are the early birds that got the right timing while investing into bitcoin and later gain a high profit, well, they're not making some mistakes and I'm afraid that we can't learn from it because this chance seems to come once forever.
4846  Bitcoin / Bitcoin Discussion / Re: Is bitcoin transaction fees fair? on: April 30, 2017, 12:29:43 AM
i am not sure for this because as far as i know, when i send the transaction amount, the fees is still in under than 0.001 and i think its only 0.0005 satoshi and for this amount, i can accepted. but i don't think that in future, the fees is not increase following with bitcoin price because the fee is for the miners too so i think its fair if the fees is increase too.
You are right, since mining will be very difficult over years. So it's too fair to increase little the amount of fees.
As you said, for now. 0.001 It's really a high amount for fees. Maybe people put this amount when they need their transactions comfirmed very fast.
I think most users will not want to spend such a fee? 0.001 btc is equivalent to $ 1.3.
Lol I think nobody wants to spend $ 1 for a single transaction. It is too expensive you know ?
Yeah, that's just too expensive, so many people have repeatedly said that bitcoin is cheap but if a transaction takes about $1, it's ain't cheap anymore and bitcoin just lose its advantage and the reason of why using bitcoin.
The recent significant increase of fee is a clue on how fast the fee could increase by the time beings, I'm sure that in short amount of time, the fee will reach 0.001 BTC and many people will be struggling with the burden of having an expensive fee.
4847  Bitcoin / Bitcoin Discussion / Re: Bitcoin address - are there enough for us all? on: April 29, 2017, 02:11:54 PM
there are enough bitcoin addresses and i think they are enough for us.

Not just enough, it is too much for us that everyone can have 10 of them. Bitcoin wallet is unique and so many that is why you don't need to think of these as a problem.
Not only 10, everyone can have any amounts they want, just see those sites which generate a one-time address for a payment or deposits. There are so many addresses available that it needs exactly more than quintillion years to brute force an address by finding its private key randomly. Just as what people have spoken above.
4848  Bitcoin / Bitcoin Discussion / Re: How do you stop someone forcing you to hand over your private key and taking all on: April 29, 2017, 02:05:37 PM
One thing I have thought about is that with bitcoin, someone could force you to hand over your private key. What sort of safeguards are there to prevent this happening, or to prevent them taking everything in that wallet?
One thing one can do is leave Bitcoins on an exchange that will only allow you to withdraw $1000 worth per day, but then you run the risk of the exchange being hacked....what are the other options?

It's like a hold up but they want your Bitcoin?when they got your private key,there's nothing you can't do about it unless you can login earlier than they can and transfer all your bitcoin,you need to learn martial arts or self defense to avoid such thing from happening.

Actually, no robbers would force to hand over the private key instead of forcing the victim to send the bitcoin directly, it actually just doesn't make sense but let's assume if it's happening in real life. Splitting over the amount of bitcoin is a good idea, and may prevent from total losses but if the robbers know it, you'll still end up forced to hand over both private keys. Learning self-defense is kinda good but no offense, martial arts is kinda useless when the robbers are handing gun and keep the distance so that punch or kick would be impossible to be released.
4849  Economy / Economics / Re: panic selling on: April 29, 2017, 11:17:55 AM
This is a typical thing in any market. A panic sell is quite normal, and a recovery usually always follows. You'll always see action from panic trading, that's where the money is to be made for the level minded players.

It's surely is a normal move upon seeing those people that are satisfied with the current price. But when someone starts to do so, the price will going to keep on being down and that's the start of others to do the same thing because they doesn't want to be late in able to cover some profit.
I do not think that trading bitcoin is the same as trading forex. I think no margin call or pip in bitcoin trading. Panic selling is fine as long as we can get profit. We do not have to worry if bitcoin price down because we are see that bitcoin price will always rise, aren't we. So do not do panic selling if we afraid to lose money.
Usually when people people they sell their bitcoins a a lower price and whales will enter to buy cheap bitcoins. Whatever happen we should not panic but it can only be possible if we know and understand what we are doing, there are a lot of traders and investors but only few of them are doing their job that's why when there's hype and FUD, they are easily affected.
Weak hands can be easily shaken by some issues which may, in fact, unreliable based on its sources, unfortunately, those who own weak hands are many among the professional. As proven by so many traders that trading with emotional will drive to bankruptcy, it just makes sense, those FUDers could emotionally affect the perspective of each traders that could make them control the whole market by spreading intimidating words.
4850  Economy / Economics / Re: Can Bitcoin also lead to corruption ? on: April 29, 2017, 10:58:38 AM
They are doing corruption when they are into fiat money and these corrupt people are doing it wherever they want.

So I'm pretty sure that bitcoin can also lead to corruption but only for those people that wants to use this medium for their bad plan.


They can be more corrupt people in bitcoin because they can't be track down by the authorities and they can whatever they want like illegal stuffs because bitcoin is anonymous and that is what they like to do illegal things by being anonymous. So there is no doubt that bitcoin will become a gateway for the bad people to be more corrupt than before.
When the authorities you mentioned just bought bitcoin, they'll be sure giving their address and sending it somewhere, but it's still can be traced, bitcoin is basically pseudo-anonymous that's mean it's not totally anonymous, it can be traced.
Actually, in my opinion, the corruption can be annihilated by using bitcoin and giving out the transparency towards citizens by showing off the address and its function to whether buying to pay the expenses of a project and much more, once the money is moved out, people could easily figure it out.
4851  Economy / Economics / Re: Make money from money on: April 29, 2017, 10:41:29 AM
Nowadays, investments are highly noted and can provide a lot of benefits. Therefore, to make money from money, investing is a very good thing to do right now, even more so many projects that provide an opportunity for investors to invest.

I agree that investing in a right business will surely give a good profit in the longer run. But one should be very careful before investing in any new businesses because these days there are plenty of fake businesses to cheat people. So finding a right business to invest is very important and hard to it.

That is right, investing is a good way to earn money. But that is the problem of the projects nowadays, they are taking advantage of the people that want to earn from investing their money. I guess it is really hard to earn money, and there are tons of ways to earn money, you just need to be a hardworker, I also suggest trading, it is also profitable nowadays.
Investing is fine as long you can figure out which one is a real project and which is fake if investing is that easy that every project is profitable, people would be rich instantly and there are no fail investors.
it's up to you to decide which project you're going to invest but you must be able to bear all the risk and loss, though, it's still preventable at some point but still risk is a risk.
4852  Economy / Economics / Re: Make money from money on: April 29, 2017, 10:25:26 AM
Nowadays, investments are highly noted and can provide a lot of benefits. Therefore, to make money from money, investing is a very good thing to do right now, even more so many projects that provide an opportunity for investors to invest.

I agree that investing in a right business will surely give a good profit in the longer run. But one should be very careful before investing in any new businesses because these days there are plenty of fake businesses to cheat people. So finding a right business to invest is very important and hard to it.
That's why analyzation is needed, professional investors always waiting for the right time to invest and so research regarding the projects they're going to invest. You can see that these professional investors will survive while the dumps will failing.
Investing is about predicting whether a project will be success or not and really need experiences in such category of project, that's why you need to gather the information regarding the projects and predict based on fact.
4853  Economy / Economics / Re: The Real Reason to Hold Gold And Bitcoin on: April 29, 2017, 10:19:46 AM
At this time Bitcoin is not being used as a currency. People aren't buying goods with it. They are either hoarding it or using a portion to invest in alts. If anyone is using Bitcoin to buy goods it's a small percentage. Gold will always be a better long term investment as it is not as Volatile and Gold is a limited resource.

no i think in present time people are already using bitcoin for buying goods, both from online and offline shops, specially in modern areas, where people have more facilities of using internet and computer. i think now even in backward countries, people have the facilities of using computer and internet, therefore bitcoin is becoming more popular in all over the world.
Really doubt by looking the current scaling problem, I think that bitcoin is now only matched well to send money but not for real implementation as it should be which is a currency. There's no way people will wait for a confirmation to arrive while a confirmation's average is currently 15 minute/second for recommended fees, can be faster when the fees are increased and slower when reduced.
Let us be honest, bitcoin is failed when it comes to a real transaction which needs short time interval.
4854  Bitcoin / Bitcoin Discussion / Re: How to make governments accept bitcoin? on: April 29, 2017, 09:47:20 AM
I have a question for you. How to make governments accept bitcoin and not see it as a threat? So that one could use bitcoin in daily use, such as paying taxes or grocery shopping. What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?

We must show to them how bitcoin helps us and the advantages of accepting it. It can make every person's life very easy if we use bitocoin. We will show to them that this bitcoin is use in many ways such as buying in groceries, buying online and even in transportation. Goverments must see that even bitcoin have failures it will overcome it and fix it then it will have it's progress in order to be more popular and best among the other alts.

But before saying those things the biggest problem is how do the thirdworld country adopt the bitcoin if they are not a computer illiterate and their country is not really advance in technology . That is the biggest problem. But if it will gonna happen then i think it is very advantage to us because we know what is bitcoin and we can take that as advantage to earn more from the pumping of bitcoin
That's where you're wrong, many third world country citizens have used laptop and gadgets in their life if you're thinking that people in third world country are like tribes who's still having the lifestyle like in the age of stone you're definitely wrong.
In many parts of third world countries, especially their big city, they've used advanced technology and there's no need to struggle to access bitcoin from there. Old people there are indeed lack of knowledge in regards to technology but the new generations have used the technology since long ago.
4855  Bitcoin / Bitcoin Discussion / Re: Bitfinex- bank blocked all their deposits on: April 29, 2017, 09:40:40 AM
Situation like this is a testimony that bitcoin cannot stand in the vacuum without relying on the existing financial system in which banks are  a major facilitator for that. It also shows even if government cannot find a loophole to control bitcoin cannot ban the currency, they can go further by after not recognising the currency then frustrate every move to make transaction seamless because in actual fact bitcoin can't survive without fiat.
That's actually right. Some people here repetitively saying that bitcoin will eventually destroy fiat but in fact, they're all really wrong, people who use bitcoin just have one purpose, exchanging their bitcoin to fiat at the end.
As many economics said that bank is a core of the economy, without it, a government will have a weak economy because almost every country in this world has the banking system.
Just people here need to be realistic that destroying bank would indirectly affect their bitcoin.
4856  Bitcoin / Bitcoin Discussion / Re: What would happen to your BTC and Alts if you died today? on: April 29, 2017, 09:32:34 AM
My privkey is shared with my family members, mean it's okay if there's something happened to me. Though they don't really know what to do to it but I'm sure by the time being, they'll figure out how to use the privkey and use the money inside, yeah, the power of money will increase your will even you'll be struggling, that's natural law.
4857  Bitcoin / Bitcoin Discussion / Re: How much risk in bitcoin investement ? on: April 28, 2017, 08:44:50 AM
I just wanted to know that,what amount of risk is there in investing in bitcoins.
Right now i am planning to buy btc approx 3-4 btc and just hold them as i guess the price of bitcoin will increase in future and i will get some good profit.But i want to know what is the risk involved.Can bitcoin price decrease and is this right time to buy the bitcoin.
I think the higher the price, the more risky it is. Try to buy when markets are stable and not heavily extended. But you might miss out in the short term if you don't buy in early.
That's right, after intense price increase or pump, there'll be always correction and it's mean the price will go down at some point and reached its stability, never try to invest when you just missed the train. There's no point of it and just giving you additional risk instead, wait for a better momentum and until the price of the coin you're aiming going down  at its deepest point.
4858  Other / Off-topic / Re: Why illegal stuff such as drugs, weapons etc can buy only through the Darknet ? on: April 28, 2017, 07:50:08 AM
Obviously other online store would not allow to sell illegal items in there store are they sell are trusted that why there site are trusted and obviously darknet is elligal all do shopping there are hiding there vpn to avoid being arrested in there location they need to have vpn.
If that's the case, they would simply make their own online store, making an online isn't taking that much resources and rather cheap. But, the main problem is how to be sure both of buyer and seller will always feel safe when making a transaction, so they've come to the solution to sell it in the dark web which is "under surface". And, some people said that VPN is not enough to surf the dark web, just don't go there if you want to be safe.
4859  Economy / Economics / Re: panic selling on: April 28, 2017, 07:42:34 AM
With BTC price soaring and surpassed the all time high, many will have second thoughts on selling their coins but instead some will still hold and keep until their desired selling price. To those who bought their coins last year, they already earned a profit of 64%. Last years price is $874 USD. Cant blame others if they plan to sell coins now.

you are right, the price just surpassed its ATH. even i, find the price so tempting to sell my coins. so maybe some will panic sell this time because the price is high already.. BTW, is there any news why the price is rocketing? is this something to do with the revival of ETF?
As far as I know, there's no really important news coming out, it's probably a usual trend which always occurs. The price is indeed skyrocketing though it impacts the altcoins and so does with my investment, LOL.
What I could agree is that at the peak of the price, people will sell their coin, eventually, don't miss the train.
4860  Bitcoin / Bitcoin Discussion / Re: What do you think are the biggest disadvantages of Bitcoin? on: April 26, 2017, 03:34:28 AM
The Biggest disadvantage of bitcoins is his price nobody know when the price increase and decrease. its good for investor but to sometimes its become to much risky, like trading, but much risky much money yeahh
That's what happen when a currency's price is truly based on the demands of the market and the ratio of supply:demand is really affecting the price and the whole currency's economic. What I've seen is that majority of people who join bitcoin recently are attracted to its potential of giving decent profit and they consider bitcoin as an investment and not a currency, that's right that normal people who use bitcoin as ordinary currency struggling to keep their value stay at its point.
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