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1
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Bitcoin / Bitcoin Discussion / Re: Is bitcoin being used for illegal activities
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on: December 01, 2016, 11:10:38 AM
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My goverment forbid bitcoin usage because it can be use for money laundry ( advantage for terorism activity )
So it has small chance for my goverment for bitcoin usage as the result bitcoin popularity can't grow like EU zone
I think only a few politicians in a country know about bitcoin, I think even though they knew about bitcoin, they certainly will not take the risk to launder millions of dollars in bitcoin because it is very risky |
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2
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Bitcoin / Bitcoin Discussion / Re: is it possible to hack your bitcoin from your wallet?
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on: December 01, 2016, 11:05:01 AM
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Just come it to my mind. is it possible? to get hook into your wallet and send some to another wallet?  everything is possible i think can if you not be carefully with your private key I think people will not be hacking the private key. you have to be careful with the spam in your email it might be a phishing or the like, use authentication so that they can not enter. although getting your password |
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3
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Bitcoin / Bitcoin Discussion / Re: What would happen if BTC was Banned?
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on: December 01, 2016, 10:57:12 AM
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Until now my country or government still banned bitcoin, but not give effects for user's. Now, bitcoin use more than 3℅ peoples in this earth. So, if any government banned bitcoin not effects with bitcoin performance.
I think in some countries as well as things that happen in your country. they prohibit the use of bitcoin, but that did not stop the user to continue using bitcoin? Because of what? users will still be safe because they are invisible and anonymous |
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4
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Economy / Economics / Re: You should never trust banks
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on: December 01, 2016, 10:42:36 AM
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I didn't have similar experience with banks, I don't trust them and I don't like them, I'm forced to use their service cause government forced me.
Banks have too much power in their hands, and many times they abuse that. Bitcoin can really help us to get rid of them once and for all.
I think there is nothing forcing you to use a bank, my parents did not use the bank and he kept the money dibrankas and it was not a problem for the government, I think it's your choice to believe in bitcoin and save your money there or do not believe though it is not a problem |
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5
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Economy / Economics / Re: panic selling
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on: December 01, 2016, 10:39:22 AM
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You can not panic. Panic can lead to very unpleasant consequences, when carelessly to sell its assets at an unfavorable price. By investing should be approached wisely.
Agree that you do not need to be panic in your investment because this is not healthy if you do panic selling it will result to depression if the price would go back higher but you sell it in lower price. Much better to set a time for your investment and price if the price reach it already that's the right time to sell. you should know that the price fluctuations in the bitcoin is a natural thing, when the price of bitcoin down you do not need to panic you should know that it is a natural thing and certainly that bitcoin prices will surely rise and fall |
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6
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Bitcoin / Bitcoin Discussion / Re: What do people around you think about Bitcoin ?
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on: November 30, 2016, 10:56:42 PM
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The fact is people around me doesn't know what bitcoin is.
Even well experienced and educated teacher also don't know what bitcoin is
and when they hear about it they think that is useless and so they don't care about it.
And also when I gave them the idea what is bitcoin, they were enlightened that this kind of currency is not illegal like other knows, then now thay want too to make this kind of money in their wallet. in fact many people outside already heard what bitcoin, may they hear on television or on the internet, but I do not know why they do not use bitcoin? maybe they're not too concerned with new technology |
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7
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Bitcoin / Bitcoin Discussion / Re: So, why do we need to use Bitcoin?
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on: November 30, 2016, 10:54:03 PM
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So, why do we need to use Bitcoin???
simple answer , for my income for get more profit  Thats one of the reason why we use bitcoin, it has many opportunity to earn or make your money grow by investing in it and its your choice if you want to go full time. also by using btc, you can easily send money to someone with low fee unlike remittances. I think that's the reason many people use bitcoin, they want to invest and make profits in bitcoin. so they put their money in bitcoin, I also hope there will be more people who will be using bitcoin for currency |
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8
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Bitcoin / Bitcoin Discussion / Re: What wallets do you use and why?
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on: November 30, 2016, 10:50:07 PM
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I use blockchain becouse it is the most practicaly wallet that I ever know. The mobile version is really nice. Thats why I like blockchain.
probably because most people memakain blockchain early in bitcoin launching so many people are getting used to use blockchain, actually every wallet has its own characteristics and I think all of the wallet good for use |
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9
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Economy / Economics / Re: Is it better to save money or invest it?
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on: November 30, 2016, 10:46:14 PM
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I think that such a course of volatility investing in Bitcoin quite attractive, although extremely risky. Recently Bitcoin attract more and more people who want to save their money.
many people who managed to get a profit in bitcoin and they are not lucky but benefit in bitcoin can be said to be an easy thing, so when I had the capital, I would invest it instead of saving |
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10
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Economy / Economics / Re: Is Paypal a scam?
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on: November 30, 2016, 10:43:24 PM
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yes stay away from them. They'll take your money and they always fever on buyer side. so if you are a seller then stay away from paypal.
Its not right if you follow all rules and regulations they will never take your money I am using for 3 years and never have any problem they need to work with all T&C by different countries true if you follow the rules given by paypal and you also follow their safety standards then you will not be frozen and your money will not be stolen by anyone |
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11
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Bitcoin / Bitcoin Discussion / Re: Why Should people wait for confirmation of Bitcoin?
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on: November 30, 2016, 12:20:56 AM
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I just thought about this today. Every time you are transacting with bitcoin, you will be told that you have to wait for bitcoin confirmation. This is common with bitcoin gambling sites. What I know is that bitcoin transactions are irreversible. Then why is it that you have to wait for the confirmation before initiating anything?
I want to say only one thing when we make every day transfers, when we go to the bank does the bank says wait a bit until the transaction get listed on the system? Also when we make international transaction, shouldn't we wait for few days until it gets "confirmed" that's with bitcoin transaction too. yeah I think it's also happening in the world including many transactions in the bank, but when I do transfer in the bank, I do not need to wait for hours for the money it was acceptable? but in bitcoin might be waiting a long time? |
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12
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Economy / Economics / Re: Investing Bitcoins?
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on: November 30, 2016, 12:12:19 AM
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Well bitcoin itself is an investment .u have so many risks when it comes to investment in startups to give them loans .well u can invest them by storing them in ur wallet and wait till the price of bitcoins rise up .kudoos  I think when you buy a bitcoin was already included in investing money, because you will still earn a profit when the only store in the course bitcoin wallet but maybe you have to wait a long time, because no one knows about when prices will rise |
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13
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Economy / Economics / Re: Bitcoin is Becoming a Global Currency
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on: November 30, 2016, 12:04:06 AM
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I fully agree with you about this concept. it will be very trong crypto-symbol in the future
I always store 70% money of BTC as like as saving money
Wow, too aggressive but it's great if you can afford what you have invested. We have our own decision on how much we are willing to invest because we are the only one who can see the value of bitcoin and it's possibility to be more successful in the future. I think people are always greedy habits of course for those getting a big profit that they allocate substantial funds for investment, I bet they will not be able to afford when they lose, because it will make them bankrupt |
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14
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Economy / Economics / Re: If you were in desperate need for money....
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on: November 30, 2016, 12:02:08 AM
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That's why it is always good to have an emergency fund so you don't get into this hole in the first place.
How I wish people understand that, some are just needing money for their daily needs and no intention to save. A person must be educated to understand how it is necessary I guess. I thought you did not have to think of others, because of course other people have their own plans for any money they have, I advise you to save a little money for emergencies, it will be required when you need money |
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15
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Bitcoin / Bitcoin Discussion / Re: So, why do we need to use Bitcoin?
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on: November 27, 2016, 11:19:41 PM
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yeah we need to use bitcoin because bitcoin is very famous and stronger currency and bitcoin is very secure currency and maximum people want to store their money in bitcoin because bitcoin is safe currency.
how can you call bitcoin is a safe haven currency while prices dangat beganti sooner or arguably fluctuate? What do you think if someone asked about this to you? I think bitcoin not exactly safe because the risk is high |
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16
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Bitcoin / Bitcoin Discussion / Re: When will be see bitcoin as international currency?
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on: November 27, 2016, 11:16:51 PM
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i think bitcoin is already an international currency because i see that nowadays bitcoin is acceptable in everywhere and bitcoin transaction is very faster than other currency and we can say that bitcoin is already international currency.
I agree with you could see bitcoin users already spread all over the world, almost every country may have bitcoin users, it means bitcoin can be used in all countries, and it proves that bitcoin is an international currency |
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17
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Economy / Economics / Re: Bitcoin is Becoming a Global Currency
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on: November 27, 2016, 11:09:34 PM
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iam agree you write
bitcoin can a global curency, but only digital curency not real curency
and bitcoin the first leading digital curency in the world, above in paypal user
yeah maybe for online currency bitcoin currency will dominate international online in the future, everyone will use bitcoin, but it could not compete fiat, bitcoin will remain an option for fiat |
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18
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Economy / Economics / Re: Bitcoin worth to you or not...
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on: November 27, 2016, 11:02:08 PM
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Bitcoin is really worth if you don't know how to use it or how to earn it then for you it is not worth using it because understanding on how bitcoin really works for you is really hard but if you love bitcoin with all your heart bitcoin will loved you too with big profit daily therefore someone who does not understand how to get bitcoin, and they have never benefit from bitcoin, of course, they will assume that bitcoin is not so important, otherwise if you work and earn a profit in bitcoin, bitcoin it will be very important to you |
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19
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Economy / Economics / Re: If Bitcoin had a stable price, would it still be as popular?
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on: November 26, 2016, 11:49:34 AM
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I don't know if stability of Bitcoin price would contribute for it to become more popular but I know that people like Bitcoin because of its volatility. This gives them opportunity to make some money and everyone likes money. I'm not sure that currency like Bitcoin could ever be stable that is just not the part of its nature.
it's not just about of its volatility . i think its about how great it is when it comes in sending and receiving money. and bitcoin also has a great a contribute on our economy since the beginning. I'm using bitcoin to received payment for my clients. even its not too popular ithink it will 5 years from now. just wait nope i think most users bitcoin is an investor on which they depend to fluctuations to profit quickly. so when prices become stable bitcoin I'm afraid that investors will abandon bitcoin? is it possible right? |
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20
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Economy / Economics / Re: Bitcoin is Becoming a Global Currency
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on: November 26, 2016, 11:43:16 AM
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I so see bitcoin as a global currency already, as i can travel almost all countries and i will find an atm or a local trader to exchange my bitcoins for local currency. If i dont wanna those i can get a debit card and spend my bitcoins, i do believe those card does work as others cards. Besides that anyone can send any ammount between countries without problems, people does consider bitcoin a currencie as well a payment processor already, isnt recognized from the countries yet.
Bitcoin are getting more popular to some areas and it won't be long enough that most of the people worldwide soon will be able to use bitcoin and use it as an alternate currency. I think it will take a long time, I think the adoption of bitcoin is running slow it is a problem, but you do not need to worry, bitcoin will continue to be popular in the future took a little effort from the user if want faster bitcoin popular |
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