I would think Bitcoin wouldn't be accepted in any country based on the simple fact that a country wouldn't want to be giving up control over all the money that is using within their economy, this is the reason that governments impose stringent regulations on Bitcoin all the time in an effort to curb the usage of it on a real scale. At the moment we're a small niche community and I think we haven't been able to break out into the mainstream because the government doesn't want us to. It's simple, they want control and if Bitcoin was used by people they'd be losing this control in which they love. maybe some country looks bitcoin like criminal , scam , MLM etc so goverment prohibit it
Nope, they know it's not a scam. They want to be running the show, not a decentralized group of people using an online digital currency. Just make the bitcoin as an alternative for your country and there's not going to be a problem, As for now, bitcoin have recognised in the U.S.A as digital property and in japan as legal tender. If the users of bitcoin in your country is just minority and not even a quarter of the total population, bitcoin can't control the whole economy and ruin the country, just my 2 cent. |
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Im sure that there are no banks which actually accept btc as a way to deposit money to bank account
There are many, if you're reading the whole topic or at least few last pages you will see people are mentioning the banks which accept the deposit through bitcoin (I mean, you send bitcoin and they will convert it). It's pretty good for bitcoin users as they're able to convert their money to local fiat with ease. |
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I have an idea for a website that will attract many visitors.
I will need to put a lot of effort to build it,
but then it will run (almost) by itself.
What will be the best way to convert it to some passive income?
Advertising? Affiliates? VIP registration?
How much should I expect to earn from it?
It is all about the traffics your site will receive.Also applying for adsense wmay help you alot in earning passive income when your site hits a high traffic everyday week or month.Dont expect for fast big earnings on making a site it will take time to generate money for you Well, be sure to maximise the potential of your website by doing Search Engine Optimisation, otherwise, your website will fail eventually. Talking about my experiences, a website can't be a true source of passive income as people are always building website day by day means the number of websites is increasing every day and people are competing for each other to be the first website that'll be shown in the google search engine when people are searching for stuff and typing specific keywords. Advertising will be a good option if you're able to manage your website, I don't think so with both affiliates and VIP registration. |
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You dont need to care about tbe people who doesnt like bitcoin. We should be thankful that we already know about the potential about it. Let them know it by themselves.
Everyone is entitled to their opinion. If they hate Bitcoin all the power to them, it doesn’t heart you any. That is like asking how to deal with people that hate guns or any other thing. You can just ignore them. Everyone makes his own decision about things and it shouldn’t be surprising that some have different conclusions than others. In the end I think we just have to deal with it which shouldn’t be hard to do. That's right, just don't care, by hating bitcoin, they're indirectly denying any existing possibilities of having additional earning or making themselves rich. Though, it's no use of informing such kind of people which is definitely wasting your precious time. An ignorant will never trust what people said about the things they hate even if it's the truth unless people are saying bad about the things they hate. |
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Nearly all nations in the world already "use Bitcoin" in the sense that they are capable of doing so for any transaction that they want to do and the currency that they use is agreed between the two parties doing the transaction. It'll never become legal tender because of the nature of government regulation, and it'll never replace legal tender for the same reason.
In poorly developed countries, very little bitcoin is used and maybe not all have heard of it and do not know what to do with it or are simply afraid to try it. yes they simply afraid of joining bitcoin because they don't fully aware of bitcoin they just need some awareness and some education about bitcoin and need to tell them how can they make money from bitcoin then their interest will grow to join it. Nah, I actually think that even if people in that poor country know bitcoin very well, bitcoin is still kind of expensive thing for them and due to the fluctuation it will add more fear towards the people in poor country, they're not going to risk their money which is still needed to fulfill their expenses for the sake of bitcoin. Education or anything towards bitcoin in poor countries is nothing if they don't have any money. |
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Btctalk name: aubert
Rank: Hero member
Current post count: 2998
BTC Address:12zWWY6H9Fr7Tt3bebR6XdQk8FNHsRW7LR
Wear appropriate signature: yes
Want to move from previous campaign which is YO-EX to this one because pretty unsure with the condition of the previous campaign.Thanks.
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Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.
No bank would accept directly bitcoins.Mostly,they consider bitcoin as their rival.Golden Digital bank WB2 has started accepting bitcoins.In future,most banks would come to accept bitcoins due to market pressure. Instead of recognising bitcoin as a rival, they could just add bitcoin into their services and work with it in order to gain more profit. I know that the decentralisation which bitcoin have is really against what bank is, but, if bank only there for giving a facility to exchange bitcoin into fiat instantly I think it'll be fine. But, at the end, it's matter about the time. |
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Bitcoin is so much more than money. It is money++ Bitcoin is to money what C++ is to C. Bitcoin is the next generation of currency: it's object orientated currency (OOC), if you will!
I liked it on how you compared bitcoin to fiat as an example of c language. Well it is the generation of money with transactions that are being done with the use of internet. Bitcoin surely is a real money and it's legitimacy is unquestionable for us who are using jt and has experience for buying things with it. What is questioned is the people are using bitcoin for money-laundering processes without governments knowing anything. Black money is what our country is currently trying to curb and so probably bitcoin will be declared as illegal currency here in India and we might soon face legal prosecution if we keep using it. However I hope the situation become better soon and our country to allow bitcoin. That's the obstacle right now. A money ain't real money without recognition of the local government which rule and have power over some specific region, maybe an individual will have different opinions and so on. But, there's one thing you must do when you're living under government, to obey their rules. |
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I have think of it and i have save up bitcoin just a the small amount because i have plans for it to have fun like travelling didn't even save it for future purpose. so i wanted to know what are you going to do with your bitcoin if you save bitcoin. Why do you save bitcoin for? and why? what is the purpose why you save up bitcoin to your wallet and not to spend it.
I save bitcoin for my family's secured future.Not only me,lots of people have started saving bitcoin instead of gold.Bitcoin is digital gold.Since bitcoin price has increased considerably from time its being created,its a good investment in a long term basis. Just my opinion, saving up your wealth in form of bitcoin for your future is kinda risky due to volatility, if you're only saving a small part of your wealth, I think it's okay. There's no reason to risk something which you have planned for your future for nonsense, just my 2 cents. Though, if it was me, the rapid increase of bitcoin's price make me doubt to whether buy or not because the price might down easily. |
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You should invest some amount in trading of altcoins and hold some bitcoins to sell them in future because the price of bitcoin is increasing and in coming days it will definitely give you a good profit. And don't try to invest your money in gambling it is full of risk and you'll loose all your investment because it totally based on your luck.
to me ii think 0.5 is really a good amount of bitcoin and you can invest it in trading alt coin and from there in turn you can also get a good profit. i think. but for that you need to be a good trader because if you do not have any experience in trading then it is very risky to invest money in trading as there are more chances that you will lose your money. Yes it is a good a mount to start in my country with 0.5 BTC you can live for a month with that money. Trading will be better choice for them if they want to invest it. Here you can barely live for a week comfortably on that money. The best choice is probably to drop it into a casino bankroll and see how it grows over the course of a year or so. You could even keep adding more over time, if you put it in a variety of different bankrolls instead of just one. That must be a developed country where you lives in. I think that investing into casino's bankroll only suited well for people who have so many times and not expecting too much profit. I honestly better to find out better place of investment where it could grow the bitcoin a little bit faster rather than very small percents of bitcoin per year. Maybe, a promising altcoins project?. |
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No doubt that USD is being used for illegal activities, if it is not so. Then US doesn't have any prisoners for committing such crimes. And there's no exception of it, as long as it is money, people who are craving for money and riches will use any currency that they wish to use for their illegal activities.
Also the world acceptance of the dollar makes it very attractive for those that want to commit crimes to use it, it does not make much sense to use a currency that only a few have ever heard of, the US dollar is known all around the world. That's right, a wide acceptance + leaves no traces. Actually, bitcoin or any other altcoins (except those which really have anonymity features instead of pseudo-anonymous) aren't suited well for illegal activities that every traces of transactions will always be saved up inside the blockchain and it's impossible to be deleted. Just still wondering why people here keep on assuming something which is wrong regarding bitcoin's pseudo-anonymity that they said could bring the criminals to a higher level. |
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With the price of Bitcoin being so volatile should we ever consider buying or even holding if we have bitcoins? What are your thoughts??? What should we do?? As it stands today at this moment, the Bitcoin volatility index reads: 4.57% the latest 30-day volatility estimate 3.54% the latest 60-day volatility estimate The bitcoin volatility index for present day can be seen at: https://btcvol.info/My opinion of bitcoin longterm can be investigated here in this post titled "Hacks & puppets & forks - how to destroy bitcoin": https://bitcointalk.org/index.php?topic=1834310.0I think we should still.For me i see higher volatility in price as more profit.Fast changes in prices may make more profit for traders when it comes in short trading.If trader like me goes by the flow of price volatility we can make more profit for us Only if you can manage to always make a profit instead of losing your money. Higher volatility means more profit alongside with higher risks. People like you often think that it's opportunity, there's nothing wrong, but if you're underestimating this circumstance, you will eventually doomed, no matter how smart you're on managing your money or analyzing the current trends. |
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I think you should know alt coin trading isn't easy and you can lose a lot of money trying to earn profit, especially if you are trying to trade unknown recently pumped alt coins, as they die very often and after a big pump the price is dumped fastest.
Trade with bitcoins is the best trade you can do, it's safe, you don't need to worry if the currency will lose price.
Trading in any currency is risky, including trading altcoins. Since in altcoins, it is in its developer on how does the market goes. If the developers decided to dump it, all of its investors would lose their money which could cause a coin to die and the only people that take advantage of that are the exchangers and its developers. However, not all of altcoins end up with this since many altcoin get sucessful and it's a crtypto currency coin now. Both tradings in bitcoin or altcoin is risky either, there's no such thing as safe trading because you still have the risks of losing your money anytime. Trading bitcoin sometimes are really hard because you often can't predict the dumping or pumping by the market, you can only follow the trends, if you're against it, you're doomed. Whereas with altcoin, if the developers were releasing some good news regarding the project, the price of the following altcoins will be pumped. |
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We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?
Yes of course, you also said it yourself that money is the reason why corruption exists. Greed exists when people see that there is more than what is needed. Greed is the reason why there are many poor people.
Nah, actually not only money that can be corrupted, the same thing happen to gold and any precious things. Greed is nature of human and will always exist until human come to an end (extinct), Talking about poor people, greed is one factor that make poverty exists, though, the laziness of struggling to get better living is the one main factor of why poverty is still exist, if we can resolve this, the poverty will seem to be decreased eventually, but, it's impossible to vanish the poverty. |
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If true, coinurl is partly to blame. I know how easy it is to buy advertising through that service, but they should check that any malware isn't included in any banner.
I suppose they don't have time to check all of their ads or just lazy because it's money coming to them. As I've seen that most of the ads which come from bitcoin-based advertising platform often contain malware and could potentially decrease the daily statistics of unique visitors, it's really a problem for those who primarily offering great service and content for readers. Just enough with shitty pop-up ads which always popping out secretly and really disturbing. |
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If all the nations of the world started using Bitcoin I think the worldwide government will have no choce but to accept Bitcoin. By that time there will be issues if Bitcoin will be the universal currency or not. Also, the valie of Bitcoin might rise to mountain due to it's demand.
Why there's no choice? I guess that if the world started using bitcoin it's might be only for an alternate currency and not for the main currency unfortunately, though, not accepting bitcoin will not affecting the economy that much, or even don't affect at all. If the government sees that bitcoin could be a threat for them, they simply refuse, that's it. |
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I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?
I think no Altcoin can ever replace bitcoin.When bitcoin is on rise,there is a lot of congestion in network and people switch to Alts and that is the main reson their migratinf to Alts but if we solve this network congestion issue,Altcoins will not stand any chance to beat bitcoin. Asking the real question here, how to solve this network congestion? as I've seen that this problem haven't resolved since many times ago and it's kinda serious problem for bitcoin, but, even if bitcoin having this problem, the users still stay regardless. There's nothing wrong if some people might migrating over alts due to the problem they face in bitcoin, but, what we can do to solve this network congestion issue? I think none. |
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What will happened if every country started to use bitcoin. Is the current supply of bitcoin and blockchain capacity can handle every bitcoin user?
Thanks in advance.
This is possible really , Because the advantage of the bitcoin is going increasing and new new ways are generating in the bitcoin to make earning and start business , so no doubt that one day all the nation's will use bitcoin , and if it will happen then we can estimate that how much the price will jump , Because most of the times price of the bitcoin flutuations fastly but just think what will happen if the whole world will enter in the bitcoin . Here I will say that just wait for the time and hold bitcoin in your wallet , surely your bitcoin will multiplied by 100  There's a need to develop more ways to make bitcoin transaction faster, Its really possible that every nation will use it but its also hard to accompanied now a lot of users,due to its demand and lot of users people it might be hard to accommodate all the transaction smoothly. That's right, as for now bitcoin have its scale problem and struggling to overcome this. What I worried is when many people are joining bitcoin within a short span of time, bitcoin will becoming really slow that will make the transactions get confirmed after waiting few hours, it's not good and probably make bitcoin's image becoming ugly. With this small percent of people using bitcoin compared to the whole human population around the world, we're already facing some serious problems. |
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Considering a number of bitcoin users and their behaviour which are mostly not so consumptive that majority of bitcoin users are only spending their money for investing or any financial things. They're probably really not attracted to implement bitcoin which is could be definitely wasting their resources and time for nothing, though, most of the online stores which sell such techy things like domain, VPS, and hosting are now starting to accept bitcoin widely.
In my opinion, those store aren't necessarily needed for fulfilling my real life expenses while there's bitcoin debit card existed.
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Just give em' random combination of numbers and letters if they seem very fool, otherwise, you can use multi-sig. Though, it's kinda rare that people forcing you to hand over the private key instead of forcing you to send your bitcoin to the addresses given by the criminals.
At least, that's what those robbers usually do when they're robbing.
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