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1  Bitcoin / Bitcoin Discussion / Re: Bitcoin moves like Gold? on: January 29, 2020, 05:35:32 PM
Even if they move in similar directions sometimes, it does not prove anything of a correlation. Perhaps if the investment funds are flowing in, there is a portion that goes to gold at the same time there is also a portion that goes to Bitcoin. But whatever, gold and Bitcoin does not move each other, unless either one of them will fall. In that possibility, the investments might shift to the other.
Both are different things for me, the prices of both are increasing today but this does not make them relatable. The benefits that Bitcoin can give you in trading you cannot get that benefit from holding gold. It is a safe way for keeping your money but not relatable and better than Bitcoin. For better investment and big results go with Bitcoin for long term trading instead of Gold.
2  Bitcoin / Bitcoin Discussion / Re: Celebrities using Bitcoin today? on: January 29, 2020, 04:41:09 PM
Celebrities not using bitcoin just looking forward with their chance to get much money become advertising and promoting bitcoin to public, they will become advertiser with everything although with ponzi scheme when receive higher payment and reward, its the same case in my country where many celebrities promote with scheme ponzi site and now have scam.
Whatever they do is none of our concern, but if they start advertising Bitcoin that would be a very big initiative in the spread of this digital market in the whole world. Public follow their styles and their ways of living. If they will start promoting this market that would be very beneficial for all of us. The development will attain more speed and its usage would be spread to far flung areas.
3  Bitcoin / Bitcoin Discussion / Re: Bitcoin in Silence on: January 29, 2020, 04:15:34 PM
I am glad you stuck with it, when I nearly lost everything in 2018 that I had worked for in 2105-2018, I felt very sad and discouraged, but because I really believe in the decentralization movement and the power to create your destiny in a more creative economic setting, I stuck with it and am slowly crawling away from ground zero again. I also take my salary now in Bitcoin and when I get time, I trade as well. I think this year might be a better year from the last two I had. I nearly lost all my shirts as they say, but I won't give up either. Thank you for your encouraging post, good for others to see and take note.

I guess that goes for everyone who went through 2018 and the start of 2019. Though you can't really  blame people for being critical if they've seen how btc dropped drastically from ath. If i was someone who don't know much about btc, i'd pretty much be on the criticizing end as well. But it is how it is and we know what we're doing with our money so we make calculated risks.
if you take the credit of success for yourself by saying you have adopted good strategies, you have ability to loose knowledge, do the same when you fail. The risks in the market are not surprise for you, you should better calculate the risks first in this way you will not be disappointed. This makes you more able to deal with the situation in a better way. I would also say that do not criticize on the market for its dumps that is the built in quality of Bitcoin.
4  Economy / Economics / Re: How many bitcoiners on here have actually used bitcoin/crypto for commerce? on: January 29, 2020, 03:53:26 PM
Mainly i use crypto for mobile top up and online payments,If compare with fiat it is costly but the benefit is that you get services efficiently.If you are at remote area and need for mobile top up and online top up with crypto is fast and easier way to connect again with friends circle and family.

ICO projects and investment platform also use third party to accept crypto payments like,coinpayments etc.It seems that people want use crypto in daily life but the main hurdle they face legality issue of crypto if it will resolved crypto users will increased.
I'm using it also to pay in my insurance and electric bills. It's convenient help us to save time and monitor too our payment. It's good to see that many applications like mobile wallet that accepting crypto are advancing in partnering in most needed companies so we can use crypto in actual payment like our bills.
Indeed. It is really convenient that they are already online wallets that can actually help us to pay all of our bills and make payments in online shopping, so that we don't have to withdraw our bitcoins just to do this kind of things. I hope that we can really use our bitcoins as a payment method in every retail stores for more convenience.
It will be applicable soon, even small stores and shopping centers will accept it as a method of payment. I read few days back that coffee shops and grocery centers have started adopting it as a method of payment. In California a guy pay his coffee bill with this method. Similarly another one pay the peanut packet bill by using it. This is an indication of bright future where it will be adopted as a method of payment everywhere.
I am also getting the same positive news and this is a great sign for all of us. This means that the market is growing without the effect of haters, scammers or criticizers. Such news will give us more motivation. We should now focus more on the states where very few people know what crypto and Bitcoin is, especially the underdeveloped countries at it would also make their economy strong.
5  Economy / Economics / Re: Big risk ,big results. on: January 28, 2020, 05:39:28 PM
The very best way to earn a huge amount of profit is to make a risky decision. Because big risk can also give us a big profit. I believe that people on crypto feild always know that crypto is always risky and we know that we need to be more careful.

If you are born of people who have excess finance it will become a normal thing in my opinion, if you invest with Bitcoin and leave it for a long time and see the price back. It feels very calm and different from people who are not like that.
It has also to do with experience beside financial stability. If you have more experience you can invest big amounts and take big risks. But if you are the beginner, and do not know much about the market strategies and charts, you should better start from making small investments. Experience adds to your confidence and this allows you to take big risks. It is not only the finance that allow you to take risks but your personal interest also.
6  Bitcoin / Bitcoin Discussion / Re: Celebrities using Bitcoin today? on: January 28, 2020, 05:12:14 PM
Many celebrity around the world in the different countries are using bitcoin but I do not know what is their all names only few.
In my country Philippines celebrity I do not know if we have it but I hope we have so it can help to my country to become more popular to my country. Famous people are really help to the bitcoin community to grow if they advertise it.
Not only in Philippines, but celebrities are always attractive figures for local people. People tend to adopt all the habits and activities of their favorite personalities. If famous celebrities will help the users in promoting the crypto market, it would be very beneficial. People will soon adopt the currency and it would promote the Bitcoin. The more users will be added, results in large number of transactions and that would lead to more increase in the price.
7  Bitcoin / Bitcoin Discussion / Re: Sigh... Do i need to hold and sell it later or now? Quite tricky situation. on: January 28, 2020, 04:49:05 PM
We were actually in the bearish markets until now and OP has bought coins in the bear market so hopefully they would give immense profits for OP. But if OP wants to sell some of his coins than it would be better for him to start trading with them and earn the amount he would need to fulfill his requirements. It would not be that difficult to earn profits from 1.2 BTC until feb 21st.

Bitcoin is having a volatile price and that keeps the price changing each hour which can be utilized for short term trading. Quick buy and sell would even give good profits from the initial capital. OP should think about trading with his coins because if I would have been on his place than I would have gone for trading.
If you do not have confidence in long term trading than you can take short term or daily trading as an option. Otherwise I would suggest you to go for long term trading because this would give you big results. If you want to make huge investments, go for it, it will give you big benefits. As the price of Bitcoin is rising so long term trading would be very beneficial, similarly halving is approaching and it would bring more increase in price so go for long term trading.
8  Economy / Speculation / Re: Bitcoin halving. on: January 28, 2020, 04:18:48 PM
maybe this will be a little different from the previous halving.
if if the same, it is likely to go down first before halving and a few weeks after halving the price of bitcoin rises continuously.
It would be best of all previous halvings said by the economist. They are very hopeful and spread the good news among the users by predicting that halving would give good and surprising results to all. The price of Bitcoin will rise at a highest point this year, this would be beneficial for all the traders. I am also expecting the same by looking at the present success of Bitcoin in the market.
9  Bitcoin / Bitcoin Discussion / Re: Bitcoin will NOT surpass traditional methods of payment. Convince me. on: January 28, 2020, 08:40:54 AM
I've been for cryptocurrencies from when I first heard about it and got involved back in 2013. There are some pros to having Bitcoin as the future method of payment however there are some cons too.

It would be interesting to see why you think Bitcoin (or other cryptocurrencies) will surpass traditional methods of payment (Cards, Bank transfers, payment gateways etc.). Or if you think they have no future please share why.

Some of my concerns:
  • Ever since a few people have made a fortune from the massive spike in prices, it's attracted a lot of traders and day traders. Not a bad thins but it's clear to me that easily 90% of cryptocurrency users are just traders with no intensions of using the currencies. Hence the rise in a lot of exchanges (a lot of which look the same).
  • All it takes is 51%. Although for a coin such as BTC would be very expensive to attack the network it's still possible.

    Here's my insane scenario:

    100 top banks from across the world don't like the threat BTC has on their business so they all join together to buy compute power, take over the network and cause havoc. I estimate it would cost around $2,000,000,000 (2 Billion USD). This is very expensive but what's $20,000,000 (20 million USD) to a top bank? That's an investment to help protect their business.
  • Speed: BTC is known to be slow to confirm a single transaction (approx 10 mins). ETH is faster (approx 15 seconds). I believe (correct me if i'm wrong) that if you cut down block times it slowly starts to make a decentralised system more centralised.


Food for thought..


It is too early to come into any conclusions now. At the moment you cannot compare Bitcoin with big payment processors like banks. Still a lot of development have been going on. With the recent development of lightning network you can now send a small amount like 1 Satoshi. Earlier it was not possible.

Banking system did not evolve within a decade it took time to create such a massive infrastructure. By the way you still cannot send small amount through banking payment system but, you can now by using Bitcoin lightning network.



These features make Bitcoin system more reliable over traditional ways of payments. As you said that it can be used for making even smaller payments, it is more secure, easily used and highly benefited. The present banking systems are not liked by the nations because of the taxes also, their working and the centralized nature of them , this involve third parties in their payments.
10  Bitcoin / Bitcoin Discussion / Re: Do they accept bitcoin in your country embassy? on: January 27, 2020, 05:55:21 PM
it seems like the embassy does not accept bitcoin payments meaning that people in the government sometimes do not support this bitcoin because of the problem of money laundering, but in my country it is not forbidden to use bitcoin as an investment no more than that and not allowed to pay anything with bitcoin because it is illegal , even though it is forbidden, I still obey the rules of just buying and holding it in my wallet as well as some other crypto
It is not legalized in many states including China which contributes the biggest part of this market, but still people are using and adopting it in the multiple fields of their lives. Same is the case with me it is not legalized in my country also this is one of the biggest reason why it is not accepted as the payment method at small stores and shopping stores. I a still using it and having benefits from it.
11  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Can the price of Altcoin be good by the end of 2020? on: January 27, 2020, 05:26:51 PM
I think all countries will not allow crypto as payment to their countries because every country has the authority and the law, but if 70% of countries in the world accept crypto, of course the price of bitcoin and altcoin will increase because of the many requests in the market
but that doesn't mean all will happen in 2020 because all still needs time
People are working on bringing awareness about the use of Bitcoin and Altcoinís everywhere, as a result of it, it will be widely applicable throughout the world. The price of Both Bitcoin and Altcoins (Ethereum, Litcoins and Stellar Lumens) will increase as it is increasing with the period of it. We will not find a very high change in the prices, but I have high hopes with halving, that will surely bring considerable increase in the prices of crypto currencies.
12  Alternate cryptocurrencies / Altcoin Discussion / Re: BTC and Altcoin Price Movement on: January 27, 2020, 05:06:50 PM
investing in cryptoqurrency always has risks. however, what makes a person profitable is when buying at a low price and good luck when choosing a coin to invest. because investing based on speculation too, and we also do not know that what we have invested turns out to have high selling points.
Good luck works only when you have done good research and make sure that you are not making any error before doing investment. What I believe is that one has to be highly informed and clear about the development team motto of the coin. I personally suggest that analyze the movement of your coin for last 6 months and then do read speculations about the future current prices of your selected coins.
13  Alternate cryptocurrencies / Altcoin Discussion / Re: Top coins to have in my portfolio? on: January 26, 2020, 04:57:07 PM
Your selections are good, that is also in my direction but not as many as yours,  if you need to add more then do research on the first set of coins on coinmarketcap but I really do not like holding too many coin, so as to be able to follow updates about them, also to know when to even add more or sell.
Sometimes buying too many coins is not a good choice, but everyone has their own way and strategy in investing. But for myself I agree with you that I don't like investing in lots of coins and prefer to focus on a few coins that I think have the potential to generate profits according to what I observe.

There are so many coins put in the market and it is never recommended to invest into every coin that appears amazing to one because these are simple marketing techniques to grab the attention of investors. The best way to invest into coins is to choose the ones that have proven results and secondly do great research before making investment. Donít simply invest because majority is investing.
If you are unable to make deep and authentic research, it is highly recommended that you go with the coins which are already popular in the market and do buying and selling of those coins from the legit exchanges. This will help you staying away from any kind of scamming. Few altcoins that majority trusts are ethereum, instar, ZIL, VET and I will suggest you investing your worthy time and money into them.
14  Alternate cryptocurrencies / Altcoin Discussion / Re: Gonna sell my stock assets and invest in these top currencies. Suggestions? on: January 26, 2020, 03:57:12 PM
Well,l I am a little bit confused while choosing the currencies for short term investment and how to technical and research on other altcoins for short period of investments 4-6 months.

There are so many altcoins out there in the market. I personally use the phrase that market is flooded with altcoins and it becomes really tough for investors to decide which one has to be chosen for short term investment in order to make some good money. My research about altcoins made me come up with few great altcoins such as ethereum, instar, VET, MXC, ZIL. Investment in them for good money.
15  Economy / Trading Discussion / Re: Whales keep getting richer and richer while everybody else is losing... on: January 26, 2020, 03:17:43 PM
I like this, we all want to make money while sleeping or having a pillow. Good for those who are rich who doesn't need to work but for like me and the others we need to strive for the best to secure our future. For the whales they're always making money in this game most of the time.

And you believe that a rich person will not work?

A lot of people will not believe that even if the rich people themselves. There is no way that you will earn money without having a job. Investing and waiting for a profit in time? That is job, holding a stock, that is a job. I heard in the past that there is no way that a person can earn money without having a job, legal or illegal.
You are right. They are making the most out of trading nowadays because they are trying and making greater efforts than the ones like us who want to achieve more without doing anything. We are sleeping in fact it would not be wrong to say that we are lagging behind due to some of the drawbacks in terms of the skills or experience.
16  Economy / Gambling discussion / Re: Anyone here dream of achieving their financial goal in life through gambling? on: January 26, 2020, 02:30:00 PM
Financial problems should be dealt with the earnings not from the rewards,I never got that kind of mindset whenever I have problems ornInam entering into gambling sites to bet.But I have lot of friends who think they can change their life by winning a lottery but they are just keep spending there money again and again almost for a decade now.
We should not underestimate gambling as I saw so many people who got life goals with gambling but I saw so many people who lose all in gambling thatís why gambling is all about your luck and your playing abilities. In my friends, so many of them are regular gamblers and they make money and spend good life so I also have dream to become a good gambler but because of lack experience, I never won big profit yet.
It means that you are trying to achieve many goals without doing anything much productive other than gambling. But it is possible that you will not be able to get all these things done in a little time for the reason that gambling is totally unpredictable. Gambling is all about wins and losses. So you should be ready to face different situations.
17  Bitcoin / Bitcoin Discussion / Re: Bitcoin bank, Necessary? on: January 25, 2020, 05:07:02 PM
Your poll answers your question correctly. There is no point in your argument and logic unless you are a hacker and wants to hack more than what a normal person holds. We are the community who wants our money to be decentralized and want to have our money in our pockets and freedom to spend them anywhere in the world.
Decentralized nature is the beauty and attraction of this market. A tax free, control free system that would work on our wish without the third party involvement. It would progress more in the way it is. It do not need any authority, banks, taxes, nothing. Crypto users do not want to change its nature and they want to enjoy the status of freedom the crypto offers them.
18  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto is one of the instrument of New World order? on: January 25, 2020, 03:56:49 PM
In the prophesy crypto is one of the instruments to implement the new world order because dollar will lost in the near future. I think we need to start talking about this, Lot of countries are preparing about the new world order and 2/two of all countries are not agree with this implementations and why crypto are involve on this issue?`first because of being losing a dollar currency. and 2 crypto are the best to manipulate the rate of money. What more?
This is the 1st time I heard these prophesy, it's somehow unbelievable now since many governments are not into adopting crypto. If dollar will disappear which may not really happen it will be another sets of study as many currency even crypto where compared and some based in dollar. Crypto can be an instrument an option but not to create a new order just to have more option for comfortable transactions.
This is indeed a stupidity to believe that crypto currencies especially bitcoin is a key for new world order. For that as you said, all countries have to adopt it and this is not the case at the moment. What I believe is that bitcoin is a currency that is serving common people without the interference of governments or corrupt politicians. Neither crypto nor dollar will disappear from the world because both have demands.
19  Alternate cryptocurrencies / Altcoin Discussion / Re: Why do people still fall victim to obvious scam? on: January 25, 2020, 03:37:16 PM
Because people to earn without doing anything and they see this kind of scheme as a passive income which is not. The risk of investing in some traders are very high cause there is no guarantee in trading. Sometimes you win, sometimes you lose. Hope people will learn from this mistakes and stop this kind of investing.
The major reason is that they want big money with small work and investment and this is what scammers target. They offer such deals where investors can become rich in short time and this intrigues majority of the naÔve investors. Those who are pro investors, they never fall for such scams rather they work on legit projects that demand a real hard work and devotion for the market. Seasonal investors usually get scammed.
20  Economy / Economics / Re: How regulation affects the crypto price on: January 25, 2020, 03:17:36 PM
Based on what I have understand, it will have an effect because if the government will regulate crypto it means they had full control on the cryptos, also the demand and supply of the crypto will be effected because as what I have said they will control on it for the monetary reason. Probably it will the same price in your local currency which is very cheap. That is why it is good for crypto if it will remain anonymous.

Doubtful understanding. Cryptocurrency is primarily valued because it is almost impossible to take control of. Of course, you can create artificial restrictions for its movement, but states will be able to block its flow and transactions between users all the same. Therefore, with all the desire to take control of it, it wonít work out, and regulatory methods are needed only to remove taxes from cryptocurrencies.

It was basically made decentralized for the sole purpose that states cannot get control of it and rule it. It is basically made for the benefit of common people not states and this is why common masses are highly supporting it. What I think is that governments will try to figure out some taxation method and are going to make bitcoin legal. They also want to get benefited from this technology.
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