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301
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Economy / Economics / Re: Bitcoin is an asset or currency.
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on: November 18, 2017, 03:39:57 PM
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At the beginning bitcoin was meant to be a currency. This is how its creator wanted it to be: a currency whose transactions will be anonymous and will not have the possibility to be contested by any of the parts of the transations. Once the money is being sent, the transaction can be shown to the other person there is no doubt that the money were sent (and received). Because it is so good, because its price has gone up, the bitcoin became little by little also an asset.
Yes bitcoin is meant to be a form of currency to bring a faster way of transaction in a more technological bade transactions. But as the market accept bitcoin on transaction and as the stock move to the market people also notice the capability of bitcoin to fluctuate having a currency that has a faster way to grow or to run making it a form of asset on investments and in daily base transactions. The Bitcoin user changed the nature of Bitcoin. The fact, Satoshi Nakamoto created Bitcoin to help the world have a currency can replace the primary currency system controlled by the government. With the cryptocurrency, the world's economy will not depend on the government, all thing will depend on the user and control by user. |
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302
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Bitcoin / Bitcoin Discussion / Re: Is Bitcoin really secure?
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on: November 18, 2017, 03:31:44 PM
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Hello pals,
Recently I introduced Bitcoin and cryptocurrency to my friends and family,they liked the concept but they asked me a question that I wasn't able to answer.Is Bitcoin really secure?What if a hacker was able to hack Bitcoin system/blockchain?Who manages Bitcoin security and what are the security measures taken to avoid hackers being able to steal Bitcoins?Why Bitcoin is not blocked for those who use it illegally by buying/selling in the deepweb market?What if governements ban Bitcoin because of these people?
I really appreciate if you guys give me some answers
That's the biggest question for everyone How much secure is bitcoin, as far as security is concerned all the users protect their account by password and also OTP how about providing patterns, secret security question so providing all these may secure for using. You do not need to worry about the security function of Bitcoin wallet can provides for Bitcoin user. You can use 2FA or private key with encrypt. As long as you know the method to keep safe your account internet banking, not difficult to protect and keep safe your Bitcoin. |
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303
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Economy / Economics / Re: Why have Bitcoin instead of cash?
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on: November 12, 2017, 08:27:56 PM
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At this point in time there aren’t many reasons to convince someone to use bitcoin instead of cash. Cash is accepted by virtually everyone, it can be transported short distances physically with almost no hassle, and it’s an easily graspable concept. Now I said there aren’t many reasons, but there are a few big reasons. The first is that bitcoin is decentralized.
There is no reason to make the government use Bitcoin instead of Cash. They can not manage Bitcoin, so they will lose their benefit when they using Bitcoin for their country. Although the benefit of Bitcoin still can help them have profits, but if you compare to the total loss they will need to spend, I think Bitcoin is really bad for the government. |
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304
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Bitcoin / Bitcoin Discussion / Re: Why Bitcoin is better than Cash.
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on: November 12, 2017, 07:13:28 PM
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Bitcoin is always better than cash.For our bitcoin earnings,we are not accountable to government and we need not have to pay taxes unless it is legalized in the particular country.With bitcoin,we could easily send huge amounts of money with very low fee at high speed.With bitcoin,our money value increases,but with cash,our money just remains idle.
You can simply say that it is true. Bitcoin is better than cash because of the price and it is accepted in other country. Bitcoin doesn't have exact value and there are time that it will increase its price. Lastly, I think cash is better than bitcoin because you can used it in all offline and online store but I will prefer to used bitcoin than cash. Only those who people just pay through online like to using Bitcoin for their transaction than Cash. You can not use Bitcoin when you can not access internet. So it's really worse Cash on the general for all the needs in life. Bitcoin can be the best choice for online payment, but offline payment, never!  |
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305
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Economy / Economics / Re: Is bitcoin a good way to invest your money ?
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on: November 12, 2017, 06:55:47 PM
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I heard that bitcoin is a good investment for making a huge profit in the future , is that right ? Because i want to buy some bitcoin in these days .
Yes bitcoin is a good investment if you want to make your profit grow in the future because its price is increasing in the market so bitcoin attract more investors. Many investors would result to big income. Try to invest atleast once and of your money if you want to experience how investing in bitcoin works. But, before you use money to invest in Bitcoin, you need to research it first. And do not forget the rule accept the amount of money you can lose when you use for investment, do not put all your capital in Bitcoin. Because there are a lot of cases newbie lost money in Bitcoin and become the poor just by put all money into Bitcoin in the past. |
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306
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Bitcoin / Bitcoin Discussion / Re: Criminality and Bitcoin
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on: November 12, 2017, 06:40:08 PM
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yes i believe there is a lot of criminality using bitcoin. Because with bitcoin we do not need the verification of personal data. I've seen on youtube many deep web users who use bitcoin as a means of payment.
Well I think both of them are different from each other bitcoin is a digital currency and crime is different if someone is using bitcoin for crime so it’s good because bitcoin is here to help people and I believe that bitcoin is going to help humanity so we need to study about bitcoin in detail in order to we know what bitcoin is going to teach us. The world still use Dollar for crime if we do not have Bitcoin for crime. Therefore, I do not think this is the best reason to blame the existence of Bitcoin and cryptocurrency. Cryptocurrency like normal currency, both are tools to help the world's economy and payment system. As long as we use Bitcoin and cryptocurrency honestly and transparently, there is no reason to worry about the future of Bitcoin. |
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307
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Economy / Economics / Re: Does the Price of Bitcoin Matter?
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on: November 11, 2017, 04:17:41 PM
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Of course, it matters because everybody want to own a bitcoin not satoshis. It would be more easier to calculate your profits in BTC rather than some small pieces for satoshis.  since satoshi has invested a very great potential in Bitcoin, then in time even the smallest parts of Bitcoin, that is satoshi, will have a price big enough to want not only Bitcoin but Satoshi. it really does matter. People are busy collecting bitcoins because of its high value, and I admit that it really helps a lot in a daily living and financial aspects. Not only it does matter to class B & C people but for Traders, Investors and miners also. Because they invest in bitcoin of course they want their investment to double its profit that is why the price value of bitcoin really matters to them. The ability of Bitcoin does not stop at make money through trading, investment, holding ... you must to know the primary function of Bitcoin is helps us have a freedom currency and can transfer money easier than FIAT. That will be the reason help Bitcoin can alive in future or not, because the demand of Bitcoin can reduces when its price falls down. |
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308
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Economy / Speculation / Re: Do you check Bitcoin price everyday?
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on: November 11, 2017, 04:07:45 PM
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Yes. It's like the basic task that everyone does when they are into bitcoin. It's part of my routine and it's the first thing that I check after I wake up and turn my pc on. Maybe some people do it once or twice a week but because I'm a trader, I want to know if I can take advantage of it's current price.
Yes I check the price of bitcoin every day and I think it’s very important to know about the price of bitcoin because when you don’t know about the price so you can lose your money and specially for investors and daily trader it very important for them and the most importing about to know the price is that you can know the status of bitcoin. You need to check the price of Bitcoin every day if you still do not create target for Bitcoin and cut loss base price. However, if you completed these things, you can do other things and forget the price of Bitcoin because you can change your decision if the price of Bitcoin dump fastly by someone takes profits! Same with what my idea is checking the bitcoin price everyday is also my daily routine, and as my entire day I would able to appreciated how fluctuation behaved as it change the price unpredictably. Sometimes I am not feeling okay with the current price loss, but eventually as few days to come price will bounce back for another increase and recover what has been dropped. Yes indeed I check the price of bitcoin every day because it’s very important to know the price of bitcoin if you will not check the price of bitcoin it will make a problem for you because a lot of people they are doing daily trade and investment here so for them it’s also very import to know about price otherwise they can lose their money. But remember, do not let the Bitcoin price makes you become panic. The volatility of Bitcoin is normal, sometimes, by something, the Bitcoin price will dump a lot and make your capital decrease fastly. However, you need to keep calm, research the reason made the price of Bitcoin dumped and consider before deciding sell Bitcoin or still hold it. |
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309
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Economy / Economics / Re: Future of Bitcoin Economics
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on: November 11, 2017, 03:57:56 PM
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Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.
I think, bitcoin can be more popular and widely used, because digital technology is more advanced. It's easy to copy the technology but this one is decentralized so the government cannot copy the entire system. This is quite new to the people so they will be hesitant to adopt but once they understand how much protection they can have in using bitcoin they will be in love with this technology, the bank will surely loss their clients as people does not need a third party to transact using their bitcoin. Bitcoin is already copied a lot of times by the altcoins but there is no one that can beat the original and the very first cryptocurrency that is ever created. The future of the bitcoin only relies on the demand of the people and based on what is happening right now, bitcoin has a lot of demand in the market and it seems that it will go even higher in the near future. Do you think Bitcoin Cash can do that? Recently, there are many rumors about Bitcoin Cash can become the next Bitcoin and create a revolution to replace original Bitcoin. That is the reason the price of Bitcoin Cash has pumped fastly after Bitcoin dumped from all time high price in past days. What do you think about this? |
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310
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Bitcoin / Bitcoin Discussion / Re: Can cryptocurrency make real money disappear?
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on: November 11, 2017, 03:50:08 PM
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What are the chances of living in a world with no actual money ?  In the future we will pay the costs in smart ways, maybe cash will disappear altcoin replaced it is possible. I don't think that the cash will be going to be replaced by the altcoins because they are not doesn't have a fixed value so it is risky for the people to use it everyday because they can't stick with the fixed value that will become a basis in pricing for the items in stores. Altcoins are also not safe to become the main money in our world because it will attract hackers and a lot of people might lose a lot of money because of the lack of knowledge in securing their wallet. Cryptocurrency is one of the dangerous things, it not useful for normal user and those who people do not have knowledge about the digital. Even, my parents are people have knowledge about digital and know how to use PC, but they can not use Bitcoin because the operating principle and how to store it is too hard for them, unlike FIAT or Gold. |
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311
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Economy / Trading Discussion / Re: How do you Panic?
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on: November 11, 2017, 03:40:54 PM
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I don't - While some people do I just keep living my life and chill until the price goes back up
Getting panic and that too when you see the market price of the coins which you are holding getting down is quite a normal. I myself get panic when I see myself getting in loss. The key is you actually need to have control over your nerves at that time so that you actually can have something fruitful in return. Panic selling will only result in lot of troubles for you and you will regret in the future. Panic is an emotion make traders lose money, those who trader become the panic seller also become the loser and help other traders still keep calm take profits. If the market does not have them, I am sure we never have chance make money from trading, hehe |
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312
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Economy / Economics / Re: Why Is Bitcoin's Value So Volatile?
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on: November 11, 2017, 03:32:14 PM
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Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
Bitcoin became famous because of its volatility. This volatility has brought many people a lot of benefits. If we are going to look at it carefully, we will notice that the value of bitcoin is increasing as the demand of the people grow. Meanwhile, it decreases whenever the demand fall. This just simply show how the usage of bitcoin among ever individual affect its value so the best thing to do is to keep on supporting it for the greater good of everyone. It is not only bitcoin which is volatile in nature, in fact all other coins which are there in the world of crypto currency are having volatile nature. The only reason behind all this is none other than the increase in the demand of bitcoin and that too in such a short interval of time. With the passage of time, more people are getting to know about bitcoin which in return results in increase in the market value of bitcoin. And finally, when the market become stable the price of Bitcoin and there is no reason can helps Bitcoin continue to grow more, you can see the price of Bitcoin has dumped currently. From $7,300 dump to $6,300 within one day, it proved the Bitcoin price was pumped by the FOMO, bubble price. |
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313
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Economy / Economics / Re: Do You Think Bitcoin Will Replace Dollar Soon?
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on: November 10, 2017, 04:06:32 PM
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Why does he even think like that in first place. It is the price difference and exchange capability of bitcoin and fiat currency which us making is rich. If that gets replaced with one currency then how we can get the profits or how we can differentiate ourselves with that price tag. I think it's not possible because it's just not well possible! There can not be two sun in the single solar system, it will burn the life. So there can not be two currency otherwise it will just break down the economy of country. The dollar bill is something related to traditions, old ways of trading and it will never get replaced in any time soon. Bitcoin is perfect fit in the internet world and might not just fit in the real world. So may be not this time.
While I do agree that two currencies cannot be the main currency of a country, I don't really agree that the world is all about tradition. The traditional way might be sending money with dollars. The traditional way might even be physical fiat but that's clearly not the case anymore. In this modern age, people don't really embrace traditions that much anymore. People seek something new everyday and bitcoin is something new. It's only a matter of time before bitcoin gets considered as a "cool" thing and people will follow the trend. These days, people are into bitcoin because of the ridiculous gains it had given us in the past couple of months. Another thing, I do agree that bitcoin cannot be the main currency of a country together with their local currency because bitcoin is not taxable. The country will have no funds and so they will be forced to ban bitcoins (which is quite hard to do, impossible even) or put a huge percentage of tax for fiat currency users, which will then of course force them to use bitcoins instead. I think yes because of the decreasing value of dollar and increasing value of bitcoin. All over the world many people use bitcoin instead of dollars any especially those people who works online even with the US Company from their homes. The companies often pay their remote employees in bitcoins and not in dollars. The reason is easy transactions and worldwide use. All these things will remove dollar from the market. It is not a big deal for bitcoin to replace not only dollar but so many other currencies as well. But the thing is, it will not be possible till the time the governments of different countries declare bitcoin as legal currency. This is the only hurdle in the way of bitcoin which is keeping it little less popular than that of dollar. I am very much sure that in the future, things will be in very much favor of bitcoin. Even though the government will declare bitcoin as a legalized currency then it will not be enough for bitcoin to replace the fiat like us dollar and other currencies because just imagine if bitcoin will become the world's currency, do you think that it will be able to supply all the people based on their demand and do you think that they can use it properly if the price or value of bitcoin is not fixed so those are the questions that needed to be realized by the people who want to replace the fiat with bitcoin. I agree with you if it becomes and replacement for dollar it won't be able to make it far because there are only 21 million and right now the us has more that 21 million people so it would never be like this impossible to compare those two together. Haha, after hardfork and created Bitcoin Cash from old chain of Bitcoin in August, I do not need to worry about the total supply coin of Bitcoin in future. If Bitcoin become famous, we can clone more Bitcoin through hardfork like Bitcoin Cash, nothing is difficulty. |
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314
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Economy / Trading Discussion / Re: how improve trading
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on: November 10, 2017, 03:48:17 PM
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It's start with practice but research is key. The more research you do, be it reading on to the whitepaper or even technical analysis, the larger you chance to make more is. I think in time people who spent time will be succesfull in this endeavour, although luck is important too.
You can create your luck  ! I do not negate the luck in the market, but to be honest, if you are a master in trading, the luck will always follow you because you can control your luck through your trading method. |
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315
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Bitcoin / Bitcoin Discussion / Re: Can Bitcoin make Banks disappear?
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on: November 10, 2017, 03:37:24 PM
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Bitcoin can not make banks to disappear, it will only make the banks to diversify. The banking sector have been in existence for many years now, their operations are not only approved by the Government but also approved by the members of the body. The banks have a regulating body called the central banks, so the banks have already gotten a solid foundation so talking of disappearing as a result of an Emerging Bitcoin which though is gaining ground in many counties of the world, but yet to be accepted in some countries,even when accepted by all the countries, bank may key into the Bitcoin Business as well.
Yes both have their own importance. You cannot compare two neither can deny one’s importance. Both are good in their own way, still many people prefer banks because they feel more safe on that side and some are getting into crypto so to earn more. Anyhow bitcoin cannot make banks disappear but can give a tough competition to it. That is right, the government are fearing the cryptocurrency world can compete the FIAT system of them in future. Over the years, the banking system proves its system still has risk to saving money. I remember some countries had financial crisis decided to blocked the capital of user to solve their issue. |
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316
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Bitcoin / Bitcoin Discussion / Re: Getting porn sites to accept bitcoin
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on: November 10, 2017, 03:26:25 PM
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I usually am not a fan of paying something just for me to be able to watch good quality porn. However, now since that our government is banning porn sites that violate the child abuse rules. Mostly they are banning free websites, So I am on to this idea now. Probably they won't waste some money and time to spend just to buy a premium membership and then banned it.
Every now and then pay for porn too as they are investing a lot of money to make these things Government must not interfere in an individuals privacy by banning porn sites.I would like to pay in bitcoin if any porn sites starts accepting bitcoin. Porn is not a crime, but the government only allows a web site that is responsible for the age of its members, the only way is to provide a premium account with a decent fee. working adult is considered capable of accessing it. But there are still many leaks that arise as a result of an individual who is not responsible, such as megaupload site case a few years ago. It's honestly a way of ensuring the young ones do not mess around. I totally agree with the decision made by the regulatory body. Minors can like drink water for now However, with Bitcoin, it is really become easily to use money and purchase the premium account to access in porn website by minors. So, the parents need to use some services from internet provider to manage the porn website if they do not want minors watch these contents. |
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317
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Bitcoin / Bitcoin Discussion / Re: Is Bitcoin money?
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on: November 06, 2017, 09:09:06 PM
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No, Bitcoin is really a forex utilized into electronic globe as repayment towards the digital or on the internet services. But you can transformed it right into a real money, using the other banks that take bitcoin as currency.
Bitcoin can be put in the same category as gold because it can be used as a currency just as it is an investment asset. In this scenario I think it's very appropriate to consider bitcoin as money. No, Gold can not use as a currency. As far as I know, I do not remember any country accept Gold as a payment method to pay anything like FIAT. Bitcoin is also like that, it can not uses for payment normal, therefore if someone wants to use Bitcoin as a payment method like FIAT, they will break the law, unless Japan accepted Bitcoin as a payment method and currency. |
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318
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Bitcoin / Bitcoin Discussion / Re: What if, we advertise bitcoin on T.V.?
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on: November 06, 2017, 08:58:35 PM
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Honestly, I don't think it's far off for Bitcoin or other cryptocurrencies to appear on tv in some way. Projects are developing more apps those days so it only takes 1 major company to pick up that benefits from tv commercials.
In my country, the government are helping the growth of Bitcoin, because when the price of Bitcoin increases, they always create some breaking news about financial and alert the Bitcoin traders. But they do not know they are promoting the value and the volatility of Bitcoin to the people in my country  |
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319
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Economy / Trading Discussion / Re: How do I grow my btc?
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on: November 06, 2017, 08:47:32 PM
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We could read a lot of trading methods here. But is that all? Are there no more choices to increase it? I read some good proposal regarding investing in gambling websites. I am still trying to figure out some testimonies in it if they are real or just made up. Of course safety is the first thing in my mind that is why I take my time into knowing if they are for real.
yes here's some gambling site that are legit and no scam history primedice,bistler and stake they already good for gambling.In trading you can invest in mercatox if you are beginners in trading that's a good site for beginners try invest your money in xrb,xem and eth its risky but i earn in that Although I do not know the scam history of gambling sites for gambler, but about exchanger, I think newbie should to trading on the large exchangers like Poloniex, Bitfinex, Bittrex ... and avoid the exchanger has small volume like Mercatox exchange. And beside that, Mercatox exchangers received many rumors and scam history in Bitcointalk forum |
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320
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Economy / Speculation / Re: Bitcoin price cycles
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on: November 06, 2017, 08:38:32 PM
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Price cycle of bitcoin is the same most of the time, maybe the price increase and decrease time may vary. It never happens to create a continued growth or decline in the value, so in my thinking price moves happen in a cyclic process is the true fact.
You can see the bullish cycle from last year until today of Bitcoin, if you are trading follow the cycle of every year, you can see the price of Bitcoin has started this bullish trend since 2015. However, the Bitcoin price always has troubles and the correction of the price because the Bitcoin community do not have enough power to make its value increases more. But in this year, by the growth of the cryptocurrency market, Bitcoin has succeeded to kept its value grow more till today  |
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