A documentary here in the Philippines entitled: FAILON NGAYON have exposed Bitcoin as a type of scam.
It goes like this: a callcenter agent guy invested on one of the sh*tcoins here. He invested a fair amount of money into it as a promise projection of 50% gain for about 3 months. After 3 months have passed and he was about to withdrawn the money, support system from that UK based comoany was suddenly became unresponsive.
Financial analyst said that bitcoin is being used by some scammers to phish for money from users through untrusted sites.
I think that due to anonymity, it is very hard to track down those people who uses bitcoin for scamming.
For me, I think you just invest amount ofnmeny that you can afford to lose. Secondly, just transact with secured sites and not fall for get rich quick schemes because most likely thisnis a scam.
What are your thoughts on this?
It is your responsibility to stay away from untrusted sites and we should try to avoid this untrusted transactions. But I don’t think that bitcoin is a scam as many people in the world use it and it helps them to be financially stable and live a very good life. I helps people in earning money not loosing it. Many people have become millionaire due to it and by looking at all this no one will say that it is a spam instate I this that it is i great invention than has the power to change the world in the currency field and also change the whole currency system in the world. I is profitable to me and many people like me so I trust it. |
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Hi , I'm new so basically I still have a lot to learn about the cryptocurrency , but I would like to know if it would be possible for the bitcoin to start the downfall ? I mean like what scenario can happen that the bitcoin would be pushed back like 5-6 years ?
Sorry if my post is in the wrong place or it's not relevant.
Bitcoin has some chances of decrease in its value in coming years but it has also happened many times before and bitcoin has already recovered it value and is still the most valued digital currency in the digital market. Even if bitcoin experiences a downfall in the future it will always recover it value again and will be stable but mostly it will not happen as bitcoin is a big revolution in the world of digital currency now and many people in the world have started investing in it and many people are supporting it to remain stable. |
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Do you want to see "government" declare war on Bitcoin or something? Well, I think this is time for Crypto to take over. They ain't going to succeed.
I bet they are currently grouping, regrouping and scheming to destroy Bitcoin... Fortunately the whole thing is moving faster than they can figure something out.
For prevailing bitcoin all over the world the governments should legalize and regularize bitcoin as their acceptable currency. If the governments do not take any interest then it will be very difficult for bitcoin to take over. Then it will be just a coin business and will not be the mainstream of all the currencies. So I think that all the governments should think seriously about bitcoin. |
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I guess all of us right here desire to get abundant with bitcoins. Like me,Im dreaming to get abundant but its take a whole lot of endurance and hard work.I will get get rid of also when I performed in gambling. Maybe I have had adequate of funds then commit it in trading.
There are so many amongst us who actually dream of getting a huge amount of money by investing in bitcoin. The fact is there are very few who actually managed to change their dream into reality. It is because of the reason that most of us do not have this much of knowledge about bitcoin due to which we cannot perform well in the world of bitcoin. So learn well before getting into it. |
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I dont think that they would be able because now crypto has almost spread everywhere and bitcoin is the base of all of them.. So Its a really difficult task to stop btc..
I don’t think so that this thing will ever happen. It is because of the reason that bitcoin is decentralized in nature which makes bitcoin very much independent. There is no one who is controlling bitcoin either directly or indirectly. Moreover, the way bitcoin is making the economic condition of so many countries better, I believe government will not take such kind of step. |
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I think it will be. When a currency it will almost always be a good fortune reserve for normal people or even for the country. I think in the future btc will become more and more stable.
Everyone has his own point of view but I don’t think so that bitcoin will maintain its fame and popularity once the market price of bitcoin will get stable. The thing which is playing a major role in helping bitcoin earn this much of fame is none other than the volatile nature if bitcoin. The way the market price of bitcoin is increasing is the only reason to see this much increase in the number of investors. |
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If you want to make the cryptocurrencies less volatile then it needs to be centralized so the government officials will dictate the price and they can control the price of the bitcoin and other cryptocurrencies and that is how i think it will become less volatile but overall, it is not possible to make the market less volatile.
Yes, being Centralized will make it less volatile, due to the government being in control of it. But by Centralized, it will no more be called Bitcoin and the Bitcoin will seize to exist. If you’re not going to do that, then stop everyone from investing and withdrawing often, and price will be less volatile. Agree. No sense and no more bitcoin if it becomes centralised. I think the volatility of bitcoin is wonderful. Not the going down price part though. The increase in users will increase volality where in bitcoin can spike very very high. That is the exciting part in bitcoin. It is a dilemma of us people that we are only trending to the thing that have advantages. We want everything to be limitation free. But that can’t happen we all must know. There are pros and cons of everything related to profit. Bitcoin is one of the stunning creature of technology. We have to accept that volatility made it more important for bitcoin as the fame it has now. There is hardly any reason to deny this fact that one of the most important factor which has contributed a major role in helping bitcoin to earn this much of fame is none other than its volatile nature. I consider volatile nature of bitcoin as the biggest advantage of bitcoin and this is the reason why bitcoin is this much successful across the globe and that too in such a short period of time. |
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think fiat money stays in its function and will never be replaced by other currencies, because functionally fiat currency can be used in various circumstances and does not require other access to its transaction usage, whereas some other currency would require other means to be able to use it .
Keeping your point of view in mind, yes fiat will never be going to end because, as you said, it is easily accessible to all the world. While crypto are only limited to internet. And you all know there is a dominant portion of the world’s population that don’t use interest and computer. But we hope for the future, where there are only bitcoins at every corner of the world and it will be so amazing it see this. In my opinion, there is no way that we can see fiat currency to be totally crashed. It is because of the reason that people are using paper money since centuries and there is no way that they will stop using paper money. Moreover, there are only limited number of users of bitcoin at present. I don’t really think that this thing will ever happen. Paper money will remain at its very own place. |
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Yes,bitcoin is international currency but not yet in my country.Don't know when it will become our online currency.
Bitcoin holds a very bright future and there are lot of prediction made by the experts regarding bitcoin. Bitcoin is no doubt the top leading currency in the world of crypto currencies and the way it is gaining this much of fame and reputation and that too in such a short interval of time, it is very much possible for this world to see bitcoin s international currency. It only needs little attention and things will be changed a lot. |
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Imagine the situation in which we don't have any physical money and every currency is digitalized. The US dollar is now a token, the Japanese Yen is only in the network and the British pound is a fast-moving digital coin. What are the consequences of such an economy for the poorest of the population? Do you think that a few people can influence the digital wealth of people and wouldn't hackers be the best people to have as friends?
That's actually not good for any economy because the GDP of the economy will be affected very badly when it would be compared to an economy which only uses physical coins. Most of the economists consider crypto as a transfer income which again is not used when national income or GDP is calculated. And poor people will find it really hard to use cryptos as they might have not even used a computer before and they don't such facilities as well. I don’t think a community without physical money is safe for the poor ones. Not everyone can be able to buy an ordinary Android mobile device, talk-less of buying an Apple iPhone and laptop. So I don’t support the idea of having only digital money, it’s nonsense, only someone stupid and selfish will come up with such an idea. |
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who knows but i dont agree this arguement, world economy controlled by big and strong families and also btc is a strong instrument for economy and big players use btc with other instuments.
I don’t think so. I do not agree with this. At least not in the coming 50 years because if I do not believe in something how can I use that. The same is here with bitcoin. I am sure that more than 80 percent people of the world are still unaware of bitcoin and if they here about bitcoin they will never invest in bitcoin because of the nonphysical currency and it is a big thing for most people to believe in such thing which they cannot see or even touch. |
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I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
I believe that the collapse of Fiat is possible. in the case of prohibition in all and most countries of the world. But the financial sphere of the country is unlikely to catch, but the crypt will probably collapse full. In principle, everything goes to this, only time is unknown. How is that possible is? Do you think E-currency,crypto's or any revolutionary money can turn down fiat? Do you really think government can allow that? Since for me I can't see any instance or a cause on why would that happen. Fiat is a strong currency that government,businessman and ordinary people cannot let go with and maybe sometimes there is a crisis happens but fiat will became more stronger since it will be backed up by the law. I do not agree with this that the fiat currency with crash down because of the bitcoin. May it possible in the far future but in this day and in the near future it is not possible, because fiat currency is used by almost all the people of a country and cryptocurrencies are still unrecognized currency for most of the people in the world.so in my opinion crashing fiat currency is not possible. |
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Both ethereum and bitcoin are very good investments, Eth seems to be stagnating around $300. This could be because outside icos and trading ethereum isn't being adopted much. I expect that it will be soon enough, but until that happens the price versus $ wont increase by much.
If you ask me both are good for investment but the problem is that one cannot invest in both the currencies because the scope of the investment. Both are valuable and profitable. The decision that in which currency one should invest? I will suggest that if someone has a lot of money then he should invest in bitcoin and if he does not have enough money then he should invest in ethereum. |
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What else could be the answer. They just posted the truth.
How can you hack a gold? You can only rob them and you have the chance to fight for it while in bitcoin once it is done then say goodbye to it. The physical form of gold is what makes it precious which bitcoin dont have.
Power of the internet and you will also have a problem.
I say investing with bitcoin is for risk takers. This is not something that is always safe like the banks. You will always be prone to attacks.
I think there is no match between gold and bitcoin. Both have different values and features. Gold is more secure and trustworthy for almost all the people in the world and on the other hand bitcoin is more profitable than gold. So many people prefer bitcoin to increase their investment in a short time rather than waiting for a long time. Therefore I think both are important in their places. |
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As i know bitcoin has no stable price even before its always volatile. And also i have a doubt of this situation cause it was fall deeper than i thought. . maybe this is just temporary at this moment. Maybe a less user of currency thats why it fall? So its better to buy instead of worrying dont lose hope of this scenario..i know soon it will climbed again . cause bitcoin has Volatile attitude every time. .
This is the main reason that many people are doubtful about the future of bitcoin I mean instability and lot of fluctuation. I think these variations are due to some nonspecific decision. What is happening in the world of bitcoin is a difficult question. But one thing is clear that when all the people get involve in bitcoin then the price reduction will almost be impossible in the coming years. |
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I believe there is a certain effect, but the Chinese still can buy and sell currency
Its true that china government has banned bitcoin in their country but bitcoin is becoming the whole world currency and no country can affect the rate of bitcoin just like china has banned bitcoin in their country but after that now you can see that price of bitcoin become double so we can conclude from that no government in the world can affect the price of bitcoin or can stop bitcoin and in future we are expecting that bitcoin will become the national currency of many countries. |
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the price inflation and deflation depends on peoples holding it in their wallets i mean not the fishes in the sea am talking about the big whales of bitcoin, and stays increasing by time that's the algorithm of bitcoin, but sometimes we see a small decreasing that because of the demand and such, anyway we can't predict bitcoin scam but make sure that bitcoin never goes down down.
Yes, this concept of bitcoin inflation and deflation are only considered by big investment of bitcoin and does not affect the small scaled users ads the don't get any change in there payments. some people who are in the business of holding bitcoin also will face a great crises from the inflation and deflation of bitcoin but mostly it is on small scale now a days because bitcoin has become more stable now. but still no one can predict bitcoins increasing and decreasing price and when there will be inflation or deflation. |
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Coinbase will open up for Bitcoin Cash withdrawals on January 1st, 2018. Will users dump their Bitcoin Cash into Bitcoin, and do you think it'll boost Bitcoin's price in any significant way?
It depends on the amount in the market that is being dumped. However, if it is a huge one, it would surely have a high impact on the bitcoin's value if the owners dump it for BTC and they decide to hold it. That is just the best scenario or they could just dump it for BTC and pump it into other ALTS that may be of more interest than BCC. |
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If you be given a gift of 1BTC by someone and for you this amount is already something you did not expect. Will you sell your bitcoin right away and convert it into cash or just keep it for a better price to come or invest it or what?
if I get 1 btc as a gift from someone I will invest and use it for trading in order to gain profit then I will keep it anyway Getting bitcoin as a gift is one of the best thing and if I receive it will hold it for the long term and then sold it when m desired price rate come and after that things are going to easy for me, still bitcoin is unknown to some areas and if one gift it to someone else then he must tell the next person about its benefits so that he can get maximum out of his gift. |
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