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.
as well as the country they prohibit the use of any virtual currency, but once again they will not be able to stop users to continue using bitcoin, because they can not stop, so it does not give any effect |
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Spending some bitcoins is good and I think that you can do this but never spend too much because the bitcoin still has a great future a head.
yeah you can shop online bitcoin in, and there are many choices of goods and stores that accept bitcoin as a payment at this time. but do not be too extravagant to spend your bitcoin because it would be better if you invest it |
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Its one possible way i think is to invest in mining.. but before investing u should know about scam and real miners.. go through a deep investigation find every even and odd of it..then invest a very little for testing and when it fullfills your task then u can invest the major.
If you want to avoid a scam is better to buy mining equipment and then you can do mining in your own house and you make money at home? surely you will avoid scam right? |
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The more advanced civilization certainly increasingly converge all forms of payment including the currency. I believe, after the unification of European currencies, it will be overtaken by other regions and would eventually be a single currency. And bitcoin had the opportunity to become a global currency.
You know time is running and the public will be more advanced and of course people will use age appropriate technology as well as the currency, I'm sure they will start using bitcoin in the future |
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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 I think I've been following their rules, but my account been hacked by someone, fortunately I do not use credit cards and do not have a lot of money in my paypal account |
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There are too man factors why but the most common thing is bitcoin is abused and being used on illegal things such as prostitution,drugs and terrorism on many country
nope I think the government will not press it considering all the currencies are also used for illegal activities, certainly the government has its own reasons why they forbid the use of bitcoin, one of them of course because it would threaten their currencies |
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if I may be honest I always spend all my salary to buy a certain item I like, yeah I'm very hard to control my desire to buy something, there is the suggestion that I was not too extravagant?
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In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?
I don't think Fiat will ever be out of circulation,bitcoin needs internet connection and a computer to run not all the people in this world have this two and not all corners of this world had an atm to withdraw bitcoin ,we still need fiat in our daily lives and it will not get out of our system. what is clear is bitcoin will not likely have a price of $ 10k the first and the second is whatever the price bitcoin will not be able to make fiat become worthless, because without the fiat I believe bitcoin will not be valuable, and especially fiat in use by all countries in the world |
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Do we have any website where we can get the general statistics that during the day which country has bought or sold bitcoin?
Something like live buy/sell amounts will also help if we have any such thing?
I dont think so. There are too many website wallets now to where you could buy and sell and send. So this is impossible now to know the statistics of all those who do transactions. I think you can see it in every local exchange, they provide data. that the turnover volume of bitcoin on that day or the month, I think there are many sites that provide statistics like that, you can look it up on google |
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It is a great idea.
It will be a big help to
the people who will use it.
of course it will be very awaited by all users, because before they found trouble to shop using bitcoin. and when it happens, where stores in every city accept bitcoin, of course it would be helpful right ? |
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Its a huge ammount to put at bankrolls from casinos, even knowing they are profitable its a huge risk to make just those investment, with 100k i would make my own casino, soo the risk would be reduced to zero, and who knows maybe build an exchange, since this are the two places where are the most coins being spent.
Lol only fools use 100k to put on a website or for investment? 100k is a very big money, why did not you use that money to make you as a boss, you can create a business or own gambling sites using the $ 100k |
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the best investment you can do is to save some money and buy some property. decision making always have a risk. but if you invest in somethings where you can call it as an non current assets it could be useful in future. and one more thing if you want to grow your btc with less risk is impossible but you can search up what gambling site is trustable where you can invest your money to double it up.
No gambling site can double up any investment, that is a wrong concept, though some people can win in gambling (if you are talking about that) but that does not always happen, so it is better to invest the money somewhere else where it is not always dependent on luck. totally agree. Sites of gambling does not double your Bitcoins, and zeroed. So I have no confidence in them. I make the trade. To do this, you need experience and I try to get it nope i think there are many people who do not have the skills to do a trade, they can not perform the analysis of price and so, of course, they would prefer gambling, albeit risky, it remains profitable |
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Actually it is a process where this two is involved. When a person want to invest and does not have enough money, he tends to save for it. So the process is to save from income until he meet the needed amount. After meeting the needed amount, he then invest it to the venture he needed. This is the reason why people is saving. That at the end of the day they can invest to some venture and earn more money.
Exactly, most of the times the capital someone needs for investing is accumulated by saving, because not everyone earns enough to invest them directly to a place which can generate him some good profits so the first step of investments is saving itself. This is most common people do, they need to save a lot and once they have enough money they will put some of it for investment even in little amounts for as long they make a profit out of their savings. yeah I think everyone is smart to do that, they would prioritize saving their money first, then when the rest of their money, they can use the money to invest, it will be much safer right ? |
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It could be replaced indeed., I will not see this happening anyway soon. Maybe along the current banking system.
nope I think the government would make no new cryptocurrency because certainly they will not be able to accept the terms of decentralization? because cryptocurrency should be decentralized? so I think they will make virtual money like bitcoin |
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To get away from the ever inflating fiat. But since we cannot spend bitcoin directly everywhere yet, it now serves as a good investment. It will have a high value in the future so having them now while the price is still at low is very profitable for us.
I think the issue about bitcoin spending we can not directly be resolved in the future, because the fact bitcoin growing increasingly sophisticated and I am sure it will benefit investors in the short term or long term |
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We have seen the government of China and Russia attempting to declare bitcoin illegal and we know they did not get anywhere with it, instead bitcoin took center stage in both countries. It is now already to late for any government to want to ban bitcoin, because bitcoin has become mainstream and people are the wiser that change in the way we know and see money is inevitable.
Besides, at no time would all the government across the globe be able to reach an accord to ban bitcoin and one strong point, is that bitcoin is not tied to any one country or government. They are sure to come up with some funny laws to frustrate the freedom that bitcoin represents, but it is for us, the community to remind them that power actually belongs to the people.
One day crypto will take over the people. However it is tough for the older generation to accept its safety and that such thing really exists. Most of the bitcoin users are young-middle aged people. Less tech-savvy people have never even heard about it (there might be exceptions as well). Still its good to see that banning bitcoin is these countries did not have good effect. I am sure crypto will gradually emerge as the new mode of primary transaction in these countries. i think bitcoin is not banned in any country and not going to be banned in future, hope that in future states are going to consider bitcoin as legal currency and then more and more people will enter in the world of bitcoin, I think it may be bitcoin could be banned especially bitcoin have decentralized nature of course governmenrt will be difficult to control bitcoin, but I think it does not need to be afraid of it, bitcoin will still be alive despite many countries prohibit bitcoin |
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According the legislation of my country there is no tax for bitcoin transactions. Even more there is no VAT because bitcoin is considered not a coin, like as fiat, but an agreement between two parties
I think although the country impose taxes to bitcoin, it will not make users pay their taxes, even I'm sure the government does not know where the bitcoin users who included residents of their country, so this will not be effective |
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Many people believe that a secure investment is to hold the bitcoins. No, bitcoins is money. Like as fiat money his price has up and down. Bitcoin's drawback till now is the big volatility compared to fiat money. This may be change in near future as the maturity of bitcoin increases over the time. Investments is the same as fiat too. Instead of deposit fiat you deposit coins. The same with withdrawal.
If bitcoin is experiencing price swings relative to any other currency, that makes it an opportunity to increase your value, regardless of whether you consider bitcoin to be money or not. Those two things, bitcoin being an investment and bitcoin being "money," are not mutually exclusive. They are both currency and investment for me, but I am taking it more like an investment as the price swings big and I can predict the movement to make money in trading, in addition I can hold it for longer investment. like I do, because bitcoin is not too provides convenience for shopping, so I'm using bitcoin to invest. The most often I do is invest in PTC and trade |
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Columbus Blue Jackets 1 @ 3 Tampa Bay Lightning
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Those who are engaging on illegal activities by the use of bitcoin they are just putting themselves in danger. Bitcoin will having a negative mark regarding that once their government knows about it and for sure it is highly possible to ban btc in their country by the government.
nope if someone knows how to work and he knows how bitcoin is not visible to utilize many ways such as mixers, I'm sure anonymously on bitcoin to hide them from the government, I think it's not a problem to use bitcoin for anything |
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