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Printing a lot of money would make the value or rate of the money itself decreasing and will happen fluctuation. Fiat is now working on demand - supply, so if the supplies were just too much, the value would be decreased. Making money is not that easy, and that's why the country would prefer to take a loan from another country and not to print the money themselves
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There were some articles that banks are working on something like blockchain but it is not bitcoin and I dont think they will accept bitcoin in the next few years.
I guess you're referring to the government that going to use blockchain system and not a bank. Blockchain system itself really good for the government by its transparency and every fund movements can be traced easily and the blockchain system is not bitcoin. blockchain just a system that's used by bitcoin so it's right that they're not going to accept bitcoin as their national currency for now |
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my passive income is bitcoin , i bought bitcoin in huge amount few month and we know that bitcoin is going to increase its price too much faster day by day so my investment price in bitcoin is also get high value and i think anyone can get this passive income with easily.
i think if you bitcoin trading use pair fiat money you must have big capital money can get big return if you use low capital money profit is very low, if good altcoin trading, but is high risk Yeah i am just a trader bitcoin because altcoin trading has a high risk and bitcoin trading is very safe investment and i never face to risk with trading of bitcoin and we know that bitcoin is very much stronger currency. i agree with you that altcoin has too much high risks sometime because i never trade with altcoin and i also prefer that bitcoin trading is much more profitable than altcoin and i also bough bitcoin in huge amount and then hold it and it my passive income in the future. it's definitely wrong that bitcoin trading is more profitable than altcoin while altcoin is actually more volatile than bitcoin so you can make a profit from many opportunities behind the volatility. you need to wait a long time for the price increase in bitcoin and need some strong reason while with altcoin you the pumping sometimes just happen. And also once the price of altcoin pumped, the percentage of rising may surpass 100% |
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Depending on how you discovered Bitcoin, whatever reason you have, it's already a win for Bitcoin. The more people using Bitcoin, the more demand there will be. When there is demand there's supply. It adds to the Bitcoin's value. That's one step to success. Having Bitcoin as a form of transaction is already a victory. It is revolutionary.
True it always depends to us how we discovered bitcoin and how we can use it in many ways We can use bitcoin in gambling activity and we can use it by trading and many people nowadays are using bitcin and its in demand right now even in india bitcoin is totaly high price there they buying bitcoin with always +20$ from the preev rate Yeah,I've read that too. that's because the recent regulation of their government of limiting the owning amount of Gold and also the banning of 2000rs note Still quite shocked that they still buy those bitcoins above the normal rate. Maybe the bitcoin sellers there are still limited so the supplies can't fulfill the demand but still hoping the best for them. |
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This is worth to check https://scotthelme.co.uk/advanced-session-hijacking/Actually i think same types of attack can be done to access victims web wallet account as most of the them use traditional cache and session system to keep user logged in. So i think accessing bitcoin web wallet over public wifi can be dangerous. What, seriously  i always loged in to my blockchain account over public wifi in my college, connected them directly without vpn or something that helps my connection secured , but so far my account still safe though the password on blockchain is never shared with the blockchain server, well anyone can explain this? i am not a tech savy that's why i didn't quite understand about this, if it's true that there is a risk in using bitcoin over public wifi, thanks btw. That's actually right. stealing cache and then insert it into the hacker's browser and then the site will thinking that he's the same person as the original owner who has recently accessed his wallet. this trick often used on a various website that sometimes requires a premium account to do something. just download the cache, install it and you'll get the thing you need. simple as that |
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For those who do not have bitcoin you can start earn in faucet and after saving some bitcoin you can start trading that can inrease your earnings into 250% depends how you manage your trading strategy..
faucet is not worthy of starting if you're going to go trading. it will take a long time to reach the minimum amount for withdrawal and because of that your trading schedule will be delayed. how about spending your little hard-earned money in exchange of bitcoin and then go for trading? if you're really serious into it, $10 will not going to be a problem |
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Netflix in each region are having different library of its content and it's clearly explained in this video : https://www.youtube.com/watch?v=LxnpqobGSzgAnd yeah you will be able to watch other movies which are not available in your country by using an account which is located on the region that having the library contained the movies you're needed. so far i don't know how to obtain an account outside local through bitcoin but if you're now owning a credit card, you might have a chance to do it. Edit: By the way, have read someone that having a solution to bypass this region restriction through using a VPN or Proxy which is located in the US but didn't sure about it, though. Maybe you can try it out by using free VPN Thanks. I tried using a VPN (cyberghost) and it worked on showing a different sets of movies and tv series which aren't viewable without the vpn. I didn't know it would work so thanks for suggesting it. My problem is it takes much data on my phone and it's lagging because my phone can't run both netflix and the vp at the same time. Maybe a RAM issue. I only have 1 GB of RAM. Do you think a US account will work fine or will it still require a vpn? I saw a guy selling an account and I'm thinking of trying it out. From what I've experienced a few years ago when i got a Netflix account with US region, I'm trying to access it without VPN, just direct access and it said "Sorry, Netflix is unavailable in your country". from that I can take a conclusion, even if your account was created with US region and paid there if you don't use VPN it will be more likely you will get the same content as you got with your local Netflix account Not going to risk your money, though. I'd recommend you to find out a VPN which is light and fast |
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great .its very good to hear that u have got u have pay local tacos with bitcoins .it would be like dream come true if in india that we have to pay through bitcoins .but that not not gonnna happen in the next 50 years .but u can recharge ur phone through bitcoins through the zebpay .kudoos  Yeah, it is a easy way to recharge the iPhone with bitcoin, also paying the bills from bitcoin, But these all are short works and bitcoin is more useful for us, For example, i prefer bitcoin instead of cash, because bitcoin is investment and it is a new way on online to make money. Also i can use bitcoin in amount transfer easily with safely into an other account. You still need cash for your daily life and impossible to live without it . Everyday you need cash I bet it , so you must considering cash as your primary needs in first place . You can using bitcoin as your investment and side-income . Only fool would say that he can live without cash, it is needed for us to survive in this world. Bitcoin is still new and there is no assurance that it will last longer than what cash has achieve. The fact that it is not backed by the government, there's a big chance that it will be ban and suddenly lose in the circulation. Let us just enjoy what bitcoin has offered to us now but still use cash for our daily operations. What's about living using credit card or debit card instead of carrying cash on your bags. that's ain't idiot isn't it?. The fact that living without cash nowadays is not just a dream if you're living in a modern city that each merchant having EDC in their stores to accept those kind of cards Living with only counting on bitcoin is indeed impossible for now but we're talking about living without cash right? so here the answer |
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So, why do we need to use Bitcoin???
to buy a new car  LOL maybe this is absurd reason but this is my reason just wanna buy car That's foolish to think of using bitcoin to buy a car. In future users might get a access to buy car using bitcoin, but as the above mate indicated using bitcoin to buy car is not possible. Better is to make a investment into bitcoin from the day job earning, which would help get a car with bitcoin in future as we can buy only digital goods and other few services for bitcoin. Actually, some cars are ever bought by using bitcoin and for example according to this news : https://www.cryptocoinsnews.com/bitcoin-for-a-tesla-yes-that-happened/Even not directly sending the bitcoin to the company but using a Bitcoin payable API endpoint,this transaction had been done as an evidence that could prove a car was actually ever bought with bitcoin |
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Netflix in each region are having different library of its content and it's clearly explained in this video : https://www.youtube.com/watch?v=LxnpqobGSzgAnd yeah you will be able to watch other movies which are not available in your country by using an account which is located on the region that having the library contained the movies you're needed. so far i don't know how to obtain an account outside local through bitcoin but if you're now owning a credit card, you might have a chance to do it. Edit: By the way, have read someone that having a solution to bypass this region restriction through using a VPN or Proxy which is located in the US but didn't sure about it, though. Maybe you can try it out by using free VPN |
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By using the SHIFT card to use BTC to purchase everyday items from anywhere, ARE WE REALLY contributing to the "spending" of btc or is at all somehow smoke and mirrors that doesn't really help the cause?
Thanks for any responses.
Actually with shift like bitcoin debit cards you are actually converting your bitcoin to fiat which will actually drain away some marketcap from bitcoin which in turn can lower the price per bitcoin. So basically you are not contributing spending bitcoin because it will instantly get converted into fiat for which it have to fill the buy order on any of the trading platform which will actually create sell pressure. Better you hold your bitcoin if you really like to contribute to bitcoin, because this will limit the supply. A small shift card cannot "drain the market value of bit[Suspicious link removed]gle "velocity of money" to understand how it affects. One little card can not, but thousends of cards can make it. It is better to support accepting Bitcoin directly than encourage the use of Bitcoin Debit Cards. We can tolerate it as a temporary substitute, but we all know that it is not good solution. If you'd realised there's so many bitcoin debit card had been issued out there by various companies thus the cards which were distributed might be above thousands and yeah, that's what actually happen when you use bitcoin, the bitcoin are actually exchanged to fiat by the card providers. They companies themselves often called the card as bitcoin debit card to attract people or you can say it marketing language if it was from my opinion |
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Well When i take the recommended Fee its more then 10%.. like 0,006 btc to transfer 0,05.. thats almost 5 dollar for a 32 dollar transaktion..
That's actually strange, I've been using blockchain for a long time and their recommended fees never surpass 0.0004 for the transaction which having big size. If that's actually happened to your blockchain account then i recommend you to customise the fees yourself by calculating fees/byte like what people have mentioned above : https://bitcoinfees.21.co/ , 10% is just too much and an average transaction only require about 0.0001 to 0.0005 |
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Banks can not just block the account. Or is the reason, or that the bank was not, as some financial institution without a license. Call the police
Right, there's must be a rule in the government that protecting customer for any kind of problem like this. Only illegal bank would disable their client's account immediately, maybe OP could send a report to their country's central bank so they will make an investigation to the bank only if OP really do nothing wrong That's true, even their clients are depositing money from their illegal source they don't care about it as long as they have customers that are depositing to their global fund it doesn't matter to them. Because that money will be used for lending to their other customers too so they won't mind about it. I can't agree with this. Banks are very interested where the money comes from, at least in my country. Especialy above certain amount they ask a lot of questions and if something is suspicious or the amount of funds is too big they report it to anti money laundering office. But I agree with the statement that banks shouldn't be trusted. That's so normal that they're actually obligated to always questioning their clients about where the money come from and being ordered to do this by the government themselves. it's to prevent from money laundering but in my country, if you answer it they will simply trust it and make you as their clients because they're now seeking to customers as much as they can. Well, that's fact and ironic |
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Not everyone trades In in Bitcoins. Secondly it's prices keep on fluctuatining. Thirdly the waiting time on transactions, also turns down people. Plus the concept of Bitcoin as a payment is difficult to understand for everyone.
The concept is actually very easy to understand. There is fluctuation but I dont see this as a bad thing.the waiting time does such but some banks can take over a day if the bank is not the same as the one ita being sent to so bitcoin is pretty fast. The fluctuation is not a problem for most of the traders. they even see it as advantages to getting profit out of it but it might be a serious problem for an online store to accept bitcoin because it could reduce the amount of money they're going to receive if there's happen a sudden price falling at the same time when their clients are sending the bitcoin and still in process of confirmation but fortunately, bitcoin payment API such as bitpay or coinbase could resolve this |
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We know that bitcoin price affected by supply and demand which mean global trading volume. India bitcoin market just started to rise and many people learn about it, like you said India is country with large populations and it just time matter until bitcoin become so famous there due to recent financial problem. I think we should reach $800 by the end of the year.
Yes it seems India is going to lead bitcoin prices due to their recent policy changes. The government is about to regulate their citizen's gold savings. But I'm not sure how much it will be possible in a republic country still people may look for alternative investment like bitcoin. If this trend continues we may start new year even with $1000. That regulation is actually quite absurd that they're limiting the amount of gold their citizens were owning while they're buying it with their own hard earned money. And yeah it seems there will be some mass selling of gold that makes their citizens will be forced to invest onto different form of investment other than gold Bitcoin might be option among many for sure |
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you see now that bitcoin has a greater value it's more easy for everyone to spend 0.03/0.05 more than one times, instead of spending a greater amount, like 0.2/0.3 few times, when btc has a low value such a $250
so i think the greater is the value of bitcoin, the more people will spend it
what you think?
You mean to say at $760 value, I may prefer to spend 0.1 btc only one time and if bitcoin values $7600 then I will prefer to spend 0.01 btc more number of times due to I am spending less quality in bitcoin units yet same USD value ? I do not think so. People will spend based on value of bitcoin not just based on how much bitcoins they are having. That's right and in fact that most of the merchant whose stores are accepting bitcoin often use dollar to determine how much bitcoin will be sent to them There might be some people who actually accept bitcoin directly in their shop and put the price in bitcoin form but they're actually had been calculating what they will got if they received certain amount of bitcoin and calculate the value to dollar |
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No bann in the world could stop bitcoiners to use Bitcoin, this has gone too far. In fact the bann could make it even more attractuve to some people.
But I don't beleive it will be banned, except in some radical countries where already is. Today many governments and I would say some banks see that is in their best interest to start to accept it.
If the banned were also make people who use bitcoin turning out against law and could potentially be jailed then it'll threaten those bitcoin users who live in that region. i guess those will not going to risk their life for the sake of bitcoin and maybe it could decrease the number of bitcoin users. The government could be banned bitcoin anytime as they want but not near I guess |
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I dont think Bitcoin will be the future, but the technology behind it might very well be. Who knows?. I think in the future, everything will be digitalized such as ordinary paper or even paper money in order to prevent from any logging. so, the world will be saved and bitcoin have had that form since a few years ago , and it's like you're using the currency of future even though it still needs many improvements to make people even pleased but I guess the future will be like this |
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I rather keep the bitcoins because it is the most profitable and more safest than investing into cloud mining bitcoin is increasing then you should keep your bitcoin dont try to invest if the company is not legit.
The problem with each and everyone in the digital sphere is that how would you identify whether the company you are trying to invest is legit or not. we have already seen many scams running away with everyones bitcoin and millions of dollars being cheated in that way.Look for transparency in a team the less they got to hide something from the investors the more trustful they will be . Well, that's obviously the main problem here but hey, you can just simply ask it in here before investing and you will get advise from various users or even some people will do some further investigation to they site you're going to mention on the thread and then all will be revealed. That's why this forum existed, to help any bitcoin users |
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In my country, even young adults and teenagers have never heard of bitcoins so there is no one to explain to grandma anyway.
Please ignore the present and past stand of bitcoin in your country. You must start thinking about what changes you could bring. It is a very big responsibility for every bitcoiner to spread bitcoins to their near and dear. If we start introducing bitcoin to our friends and family members, it will slowly spread out to each and every people regardless of their age. Well, that would be real action but i guess most of them will don't even care what you're talking about unless you're inserting such an attractive things that could make impressed such as gaining profit out of it or even free money. if you don't, sorry to say but they will only use what they have and that's such ironic nowaday to not exploring everything furthermore |
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