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1  Economy / Economics / Re: What if crypto vanishes? on: January 20, 2020, 09:03:20 PM
At least it never crossed my mind. That's too far from reality because bitcoin is too big to fail. The worst possibility could be the demise of an internet connection, but what kind of thing that causes the internet to fail worldwide, that's pretty much impossible. Even if the Internet dies nowadays there's a way to send it via sms or satellites. So long as people have their own coins it should be fine.
2  Bitcoin / Bitcoin Discussion / Re: How we can introduce bitcoin to local people on: January 19, 2020, 10:37:46 PM
The biggest problem that keeps me from bringing Bitcoin in my local area to new people is that bitcoin is not governed by law. Many beginners would think of bitcoin as fraud, as there are so many projects that use bitcoin's popularity to cheat others. I believe there has to be some time passed with bitcoin becoming mainstream for example being adopted in shops etc. Then I might try spreading the word
3  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Which crypto is good for long trading? on: January 19, 2020, 10:08:22 PM
I would suggest Bitcoin as the best long-term investment crypto-currency that can bring you the biggest profit over time.  Though Bitcoin's price is rapidly changing it seems that it is actually making higher lows almost every single year. This is a key indicator that it is a really good investment and that it will probably keep on growing in the future. I don't really touch any altcoins.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Gaming on the blockchain - What do you think? on: January 19, 2020, 09:41:45 PM
I think it's a very great mix of gaming and blockchain and some developers have already developed and published the games for gambling for example. Game is an interesting platform and blockchain is a popular technology right now, the platform should attract more users and finance the game to continue running and maybe even become the next big thing for blockchain. Next time blockchain will be paired with education and entertainment as these items are different and can have a positive impact on blockchain themselves thus possibly pumping the coins price in the near future.
5  Economy / Speculation / Re: Anyone else think "long term" hodlers are idiots? on: January 19, 2020, 09:11:26 PM
They're cleverer for me than us. It is very clear that real long-term investors are betting on coins in the marketcap which are in the top and that have a lot of potential to grow in the future. They will be at the top for a long time, because these wealthy investors know it's got a shot of being used internationally and giving them a return far more than they expected. Holding long term is probably the best thing to do.
6  Bitcoin / Bitcoin Discussion / Re: Did Satoshi think that quantum computers will exist? on: January 19, 2020, 08:51:56 PM
I think Bitcoin developers can be kinda ready for somebody trying to use a quantum computer in the future to mine bitcoins and they're going to provide some security from such calculations. And besides, a quantum computer's technology is extremely expensive and hard to introduce, so we wouldn't be seriously worried about that in the coming years. To be fair, I believe it will be a threat only in like 20 years or so.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: could it be most project don't succeed? on: January 19, 2020, 11:29:18 AM
That is how crypto is. Doesn't matter how much time and effort you put into your project there's a good chance that the project will not succeed. This is because the only real space where crypto is useful at the moment is transferring the wealth between two parties without any third party risk. And it is doing it great, we do not need anything else in this space.
8  Economy / Gambling discussion / Re: How can we overcome our gambling addiction! on: January 16, 2020, 09:27:53 PM
Most people think that breaking away from addictions in gambling is pretty much impossible, however, in my view it all depends on self-control and knowing the right time to stop and have clear intentions like knowing how much you can lose. And stay away from the gambling environment or anything related to gambling and move on to positive activities and if you want to play gambling, then you should be able to avoid it firmly and there are many other ways to have fun like getting involved in sports
9  Economy / Gambling discussion / Re: Do you use betting tips? on: January 14, 2020, 10:13:58 PM
I'm planning of moving into something more of a sports betting site but using the tipsters help. I'm just going to search for team details, person information, sports that I'm not familiar with to try to make informed decisions. Paid or free advice, they are essentially the same, they aren't as confident of winning as they are as no one can really know the outcomes. There are also free tips out there that have good stats but I won't rely on them as much as 100 percent maybe just gather some details for better decisions. It feels better when you do it on your own and you get a good result plus you've learned something new.
10  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Altcoin's price is disappointing!!! on: January 14, 2020, 09:52:13 PM
I can't really see the difference honestly, as I feel that all the coins have a lot in common despite the fact that there are those who can keep moving upwards increase happens differently but it still looks the same. Bitcoin's price dropped and then recovered, and then retained its value in the range for quite a long time, but the coins below also faced the same thing where no one was able to move individually without bitcoin pumping. And nothing is so far disappointing because the bitcoin is pumping again and alts seem to be following.
11  Economy / Trading Discussion / Re: So traders, how much You lose? on: January 14, 2020, 09:07:11 PM
I am aware of the risks I take in trading and I know that my money in trading is not free because they can be lost really easily. I'm a sort of trader who doesn't put all the eggs in a basket so I'm good at managing the risk depending on different coins that are out there. Loss is inevitable, which means that even professional traders suffer losses. I also have losses, but it's only low because of my risk management where I don't go all in when I trade unless it's on bitcoin trades.
12  Economy / Economics / Re: Capitalism on: March 02, 2017, 12:13:20 AM
capitalisme is not good in poor country
because product price is control company , goverment can't intervention, so product price can high price
capitalism is bad not only for poor countries, to be honest it is bad for most of the countries, just look at china for example, it's a communist country and its economy is just booming and it is growing at a very rapid pace, ussr was also a communist country and a lot of people were really happy living in it, but then capitalism came in and changed everything completely, there appeared tons of rich people and the poor people are becoming even poorer.
13  Economy / Economics / Re: Can we Manipulate Bitcoin price? on: March 02, 2017, 12:02:39 AM
Only the big whales of 10.000 BTC would be able to have an impact on the price, and even then, it would be minimum.

We saw hundred of thousands of BTC stolen from Bitfinex and we saw a flash crash and we are already recovering. The amount of money you would need is simply too damn high.
IMHO whales holding 10.000 BTC are not fond of dumping coins because the believe bitcoins potential has not yet reached, unless the carried out a coordinated dumping to manipulate prices.
Having the number of coins is very easy to influence the market and do so competently to direct at low prices could buy more bitcoin.
More demands and it will very difficult to manipulate the price of bitcoin. but it depend on the situation of the bitcoin market. if he dump on the bearish trend and it will give him more.
yeah the more people join bitcoins the harder it is to manipulate it, right now big whales like people from china and mining companies can still manipulate the bitcoin price if they start selling the coins they hold at a very rapid pace, but in the future it is going to be pretty much impossible.

If all bitcointalk community turn your power into manipulation, this can be possible, but hard!

And this is illegal, better stay clean
how is it illegal to manipulate the bitcoin price? If the person has a lot of bitcoins and he starts selling it really fast then he manipulates it unwillingly and I really doubt that it would be counted as a criminal offence...
14  Bitcoin / Bitcoin Discussion / Re: Does any bank accept Bitcoin? on: February 28, 2017, 02:19:52 PM
Do you mean directly i think no because many people don't know about it. So we need to deposit it online through my local wallet. But i read it in some articles about bank accept bitcoin.  In nigeria news i read it that bitcoin there are so important they some banks accept it.
I do not know for sure about the news. but if it really happened. Nigeria will be the first country where their country banks accept bitcoin? I hope it will soon spread to other countries
uhmm, do you have a source of that one? I have never heard such news about Nigeria and i cannot find anything by googling it. As far as I know banks do not accept bitcoins just yet and even though this is possible in the future I'm not too keen on seeing it happen because when banks takeover bitcoins the whole idea of decentralization and stuff like that will be gone. Besides that with bitcoin you can be your own bank why do we need bitcoin banks then?
15  Bitcoin / Bitcoin Discussion / Re: Why some people prefer Bitcoin over fiat ? on: February 28, 2017, 02:09:30 PM
The most important thing about bitcoins is that when u buy things with bitcoins you dont have to give tax . It is very important to note that bitcoin is being widely used in the deep web for different purposes.other than that bitcoin is being used for other different purposes also like shopping , buying stuffs from the internet.
well it depends on where you buy it from, if it is from an ordinary online shop then you would still need to pay taxes as they usually just convert bitcoins to fiat and then process your order in fiat instead of bitcoins. I prefer bitcoins over fiat because the price of the bitcoin can be booming in the future while fiat is always gonna be stable or even go down a little bit with time.
16  Bitcoin / Bitcoin Discussion / Re: Transaction Fees are SPIKING ! on: February 25, 2017, 08:15:20 PM
Well I guess those who are spamming it are really doing their jobs now.
It is a mess now with all that transactions and that is the reason it keeps on spiking.
Miners are going to need to up their game and they would need a lot of fees for that.
This is really a chaos now in the bitcoin world.
yeah it kinda is and the fees are going to go up and up if nothing changes, we need the segwit to happen as soon as possible in order to not lose bitcoin users as if the fees keep increasing people will start using fiat instead of bitcoins once again. I hope that the devs will do something to fix it, I mean it is just ridiculous to pay 30k fees when you send 30k satoshi as a transaction isn't it?
17  Bitcoin / Bitcoin Discussion / Re: Is CHINA CONTROLLING Bitcoin? on: February 25, 2017, 08:07:40 PM
Many of us here thinks that China is not controlling bitcoin for many different reasons , I think in myself that I agree that China isn't controlling it , It just happens that China has the Big number of miners and I think bitcoin can survive with out China.
50 percent of people here in forum are believing that china is controling the bitcoin price it just because of the reason of fake volume exchange that makes the bitcoin price boost into increasing price. China also had the most users who uses bitcoin and they starting to create good technology that can change the world with bitcoin.
the fact that the highest number of transactions was using chinese yuan. they have the biggest bitcoin minning in the world. they can control the price of bitcoin by influencing the supply.
they don't have the total control on bitcoins for sure because it is impossible in my opinion, but they have some more power than other countries because of the biggest use of bitcoin in the world. Though with bitcoin everyone has some control on it maybe just one people have more power and others less, the most important thing is that governments have no control over it, so it can be decentralized.
18  Other / Off-topic / Re: bitcoin affects life a lot on: October 05, 2016, 12:09:54 AM
Bitcoin had brought a great revolution in my life because previously i had no option top earn money online, i search for job and ended up finding useless jobs which don't pay even $1 monthly sop after getting bitcoin i can now make $20 easily from bitcointalk and faucet. Thank bitcoin for changing my life.
the same for me, to be honest life gets affected by bitcoins a lot for me and i sometimes make some profit
19  Other / Off-topic / Re: du you spend coins on real life. on: October 04, 2016, 11:58:00 PM
I spend bitcoin in my real life but for limited stuffs only since not much merchant accepted bitcoin yet. It'll be much interesting if I could use bitcoin to buy my daily necessity. And I am sure in the near future the number of offline merchants that accept bitcoin as an alternative payment will increase.
i also spend my bitcoins in real life but really rarely only to be honest, thats why i don use a lot of it
20  Bitcoin / Bitcoin Discussion / Re: Who really uses bitcoin? on: October 04, 2016, 11:57:35 PM
There aren't any accurate estimations right now although we could probably guess a good info according to the BTC community we see here, There are plenty of US, Chinese and Russian users as well as few from all around Europe, Mostly males.. I guess this might make a great survey topic.
you are right, it is impossible to calculate how much people are using it and it will be like that in the future
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