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December 07, 2019, 04:32:57 AM *
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1  Bitcoin / Bitcoin Discussion / Re: It’s a curiosity to know on: December 06, 2019, 07:22:51 PM
Coinbase currently says it has more than 30 million users. One year ago, they said that they have more than 20 million users. That's a gain of 10 million, or about 30,000 per day. Keep in mind that these numbers are very imprecise, but you still can get an idea of the scale.

Coinbase is the starting exchange for many. That is why the exchange has such an amount of customers. However, this is not an exact figure, I think there are much fewer active users
2  Bitcoin / Bitcoin Discussion / Re: In the next decade, BTC and digital currencies will “fully” replace fiat? on: December 06, 2019, 07:19:37 PM
In a new report predicting the decade of the 2020-2030s by Deutsche Bank Research, the bank says that the adoption of digital currencies is inevitable. Governments need to catch up or the backlash against fiat currencies will be too great to handle.

Deutsche Bank Research is posting its predictions for the next decade, which cryptocurrencies are expected to be a cornerstone of the economy in the world ahead of us. In a shocking admission, Deutsche Bank Research tells its readers that governments have to adapt to this inevitable reality or risk falling behind entirely.

Source link here

Okay, so this is another prediction stuff. So many individuals, companies and institutions are predicting on what is going to happen with Bitcoin and other cryptocurrencies.

Earlier, Bloomberg predicts that Bitcoin will reach $10k soon. Now, Deutsche Bank claims that within the next decade, it will be the real era of digital currencies.

It means that fiat would “finally reach its end”. As for me, I think next decade would not be enough just yet for digital currencies to fully dominate, as most banks and people from around the world still prefer fiat more than Bitcoin, etc.

Yes, all of us are free to predict about Bitcoin and other cryptocurrencies. But for me, they’re just predictions. This world is unpredictable, as what I have said over and over again in my previous posts. 

Predictions are not a real future. Yes, Bitcoin is a very promising digital asset that can change the financial sector and economy. However, the adoption depends on the governments, but i dont see that governments wanna accept digital currency and replace fiat money. Accepting goes very very slow
3  Economy / Service Discussion / Re: As the 4th Bitcoin Gaining Cycle Comes, How to Maximize Your Profit on: December 06, 2019, 07:14:36 PM
The 4th gaining cycle ended in June this year, we're now descending.

The 5th cycle will be lucky to get to 10k, but first we have to get to the next low, prob 1 or 2k

It seems to me that the price will not fall so low. 1-2k is not enough, I think it will probably drop to 4k
4  Bitcoin / Bitcoin Discussion / Re: Preparing for a recession... Gold or Bitcoin? on: December 03, 2019, 12:33:26 PM
I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:


I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

It is important to protect money by using other assets. By investing in gold and Bitcoin, we insure ourselves against the loss of fiat value. It’s foolish to expect that gold and bitcoin will grow during the crisis, the most important thing is to survive the recession without losses thanks to these two assets.

What will be better, gold or Bitcoin? The answer - no one knows
5  Bitcoin / Bitcoin Discussion / Re: Bitcoin and New Ukrainian cinema on: November 27, 2019, 08:19:35 AM
To interest the public, the script of the film must comply with the current realities of life. It's great that directors use the Bitcoin theme in their films, which is a popularization that is necessary. I am glad that Ukrainian creators understand this, everyone should do the same
6  Bitcoin / Bitcoin Discussion / Re: The new Faketoshi strikes again! on: November 27, 2019, 08:15:36 AM
If you look at the bright side, we know that this will help satoshi to hide his/her/their real identity further. And most importantly, satoshi is not a con artist like them who has a terrible attitude.

Just what they gained from doing this? Is it money? Or promotional activities? I wonder why people would go as far as claiming they're satoshi that would always get ridiculed.

thats the thing
even though they are ridiculed
they want to get that free publicity and as people always say any publicity is good
i am sure that they are upto no good when they are ready to sell themselves for it

They are simply worthless individuals who cannot achieve something in their lives. They use other people's identities to advertise themselves, but as for me it looks like a shame
7  Bitcoin / Bitcoin Discussion / Re: Why would one pay $7K for Bitcoin if he/she can get the same thing for $0.001? on: November 27, 2019, 08:12:55 AM
Imagine a guy that pays a million dollars for a bread roll, while in the same time he can buy it for $1 at other bakeries. Such scenario would be crazy because no one would give million times more money for the same thing. That is why the above scenario is not possible in reality. But... in the crypto world, it is possible.

In the crypto world people are paying million times more for bitcoin than for altcoins, even though these coins essentially have the same features as bitcoin. Functions and features of cryptos are pretty straightforward. Elimination of expensive brokers, lawyers, and other typical “middlemen”. Low transaction costs. Transactions are transparent, quick, permanent, and hard to fake. Cryptos that are priced below $0.001 have all these functions and features. But despite that people are paying thousands of dollars for bitcon.

Of course that being the first in the industry and having reputation means something. For example, if a bakery has good brand reputation, consumers trust it, and feel good about purchasing its bread rolls, they might pay $2, $3, or even $10 dollars for these rolls if competitors sell them at $1. But no one would pay $1,000,000, since they are just flour, water, and yeast mixed together. The same is with cryptos. They are just numbers associated to address that are transferred through the network via some protocol. In that sense, bitcoin is equal to thousands of other cryptos, and  there is no rational reason for it to cost millions times more than them. To put it differently, bitcoin is a mega-bubble, even at $10, and it is only a matter of time before it bursts.

Why do you eat natural meat instead of genetically grown? Why are you drinking cow milk and not made from chemical powder? These are new technologies, these products are full of vitamins and benefits. I think it is because you trust natural meat and milk, and not genetic engineering products. Just compare my example with Bitcoin, you trust the original coin, not the altcoins with the same way
8  Bitcoin / Bitcoin Discussion / Re: Honestly, do you guys think cryptocurrencies will be gone anytime soon? on: November 25, 2019, 10:22:43 PM
I haven't been trading my bitcoins and cryptos since this year begins, but I have noticed that the hype train is slowing down since then, compared to last year. I want some honest opinion about the future outlook of BTC or crypto per se. Should investors invest in it ?
I do not see a drop in demand. On the contrary, Bitcoin is increasing its dominance and is becoming more and more popular. Bitcoin, on the contrary, is strengthening its position, so HODL and look for new investment opportunities
9  Bitcoin / Bitcoin Discussion / Re: Would it be realistic for the world to run on cryptocurrencies? on: November 25, 2019, 10:16:41 PM
I am just wondering would it be possible in the future for the world to run solely on cryptocurrency? Considering that right now there are many people from different walks of life who are using cryptocurrencies in their day to day life. I think right now one of the main limiting factors for world-wide cryptocurrency usage is the world’s governments who make restrictions on cryptocurrency usage. Moreover, I also think another factor in limiting cryptocurrency usage is a lot of people’s lack of understanding of cryptocurrencies as it is a rather new technology to most people.

I think that we can solve most of these problems by educating people about cryptocurrencies and debunking what the mainstream media have done to slander cryptocurrencies.
I honestly think that if these issues a solved then we will probably have more people to use cryptocurrencies worldwide.

What would do you guys think, I’m just speaking (posting) my thoughts over here. Feel free to correct me if I am wrong. I’ just rather optimistic about the future of cryptocurrency usage in the future.

This is the main question could cryptocurrency overcome centralization. Each country has leverages of power, one of which is reserve fiat money. If countries begin to use crypto, this can not be manipulated, that is why the cryptocurrency will not be massively accepted instead of fiat money, it will be as a separate ecosystem
10  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin Ever Be Regulated? on: November 25, 2019, 10:09:55 PM
Bitcoin does not have a central authority, it is not known who created the Bitcoin ecosystem for sure, so no one can regulate what is independent in nature. I think it's impossible
11  Bitcoin / Bitcoin Discussion / Re: Bitcoin isn't just an investment, it is the future on: November 13, 2019, 09:51:29 PM
Thinking small, of course in such case Bitcoin is just an investment and the resource of getting profit. But thinking more widely we can see that our century brought some new way of thinking and cooperations with each other, new type of making profit and investments. And everything is made via new technologies that in some years will be like plastic money cards and smartphones. Nowadays it looks like something quite different but after some time it will be like some ordinary thing that we used to. And it is great in my opinion.

Bitcoin has created a new model of human interaction and it is really cool. This is unrealistic progress for some 10 years.
12  Bitcoin / Bitcoin Discussion / Re: Is it possible that Bitcoin becomes quiescent? on: November 13, 2019, 09:49:30 PM
In the year 2130 all of the Bitcoins will have been mined and the only reward at this point is transaction fees,if most people are using Bitcoin just as a store of wealth, then there are very few transactions, which means there is very little reward for mining and so a lot of computers would pull out of the Bitcoin network. Would this be a problem? If large Bitcoin transactions occured sparingly in 2130 and beyond, would the Bitcoin concept still work?

The network will continue to operate well. This is a sense of the Bitcoin blockchain, it will not die after the end of the mining
13  Bitcoin / Bitcoin Discussion / Re: From Buying Pizza To Buying A Condo in Manhattan. Bitcoin is Fast Evolving on: November 13, 2019, 09:44:55 PM
Real estate tycoon Ben Shaoul has sold a retail condo in Manhattan’s prestigious Upper East Side for $15.3 million in Bitcoin (BTC). The news was reported by New York real estate magazine The Real Deal on Nov. 1.

Shaoul — who is president of the Magnum Real Estate Group — sold the 11,400-square-foot property to a Taiwan-based entity “Affluent International LCC,” according to a person familiar with the deal.

This trend is not new. People see a profit in Bitcoin thats why they purposefully sell a property for coins. I am sure this person will get much more profit in the future than it would be as $15.3 in fiat.
14  Bitcoin / Bitcoin Discussion / Re: Share Your Experiences on: November 08, 2019, 02:58:35 PM
Was reading about how Bitcoin first came into existence and people's first experiences with Bitcoin, cryptocurrency, etc on Reddit. I want to know how your guy's first experiences was with Bitcoin, and if you ever had any regrets or wins throughout the years. Also, would be cool to know how people first actually got Bitcoin back nearly a decade ago when it wasn't as easy as buying some from a local Bitcoin ATM near you.

I started getting acquainted with Bitcoins while working on ICO projects, but 3 of 4 turned out to be a scam. This is an unpleasant experience, but my work allowed me to understand how the market works, which tools are there and what value Bitcoin has.
15  Bitcoin / Bitcoin Discussion / Re: ‘Blockchain Island’ Thriving: Malta Set to Lead European Growth in 2020 on: November 08, 2019, 02:55:19 PM

Malta looks set to lead Europe as the continent goes into its seventh consecutive year of economic growth. The island’s economy is forecast to expand by 4.2 percent over the course of 2020, driven, in part, by its embrace of blockchain technology.

The growth forecast figures come courtesy of the EU Commission. The organization summarised the economic projections made for European Union’s member states in a report titled, “Autumn 2019 Economic Forecast: A challenging road ahead” on Twitter earlier today.

Source link right here

I feel happy for Malta to be honest. They've been consistent for their growing economy, especially adopting the disruptive blockchain technology in the island. Right now, my friend and business colleague is there attending the Medical Cannabis event and the Malta AI and Blockchain Summit.

I think they're doing a great job to be honest. I just feel like other countries should follow suit, especially in the Southeast Asia market. However, it's not easy to be consistent for economic growth, you know? There are always challenges and setbacks that are coming in their way, but they continue to thrive and it's hard for them to stop growing.

What would be your opinion or thoughts about this guys? Thanks in advance.

I think that some countries and cities think futuristically and this makes them leaders all over the world. The example of Malta is ideal, all countries should strive for this, but not everyone wants to do that
16  Bitcoin / Bitcoin Discussion / Re: Who is the single most influential person in Bitcoin? on: October 31, 2019, 09:39:03 PM
In other words:
If you had to choose one real person to represent Bitcoin (in the public or in a debate against other crypto currency representatives), who should it be?

(It's clear that Bitcoin isn't led or represented by any single one person officially, which is what makes that question so hard to answer. It's also clear that this is feature, not a bug!)

Andreas Antonopoulos is the best one all the time. When it is going about Bitcoin, he is always there. Find him on Twitter @APompliano, he is awesome 
17  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin Help Countries in Economic Crisis? on: October 31, 2019, 09:35:50 PM
If I'm in a country where the economy is poor, do you think Bitcoin can help? How can someone in a country like Colombia or Zimbawe take advantage of Bitcoin? In Argentina, it seems the crypocurrency is helping people. What's the economics behind going for Bitcoin instead of the dollar?

If in Argentina are points of sale of Bitcoin for goods or services, then you are right, this is useful. Bitcoin is also useful to save value, say during a fall in the national currency.
18  Bitcoin / Bitcoin Discussion / Re: What scares you the most? on: October 31, 2019, 09:33:00 PM
This fun picture got me thinking.

What are your biggest fear in crypto?
As for me, it's losing my private keys by accident. I know that the risk is minimal, but the thought of it makes me anxious from time to time. Also, I'm afraid that BTC dumps during the transaction.

Waking up one morning and knowing that the whole cryptocurrency market went down to nothing?
Or maybe finding out that all your crypto (or your private keys) was stolen or lost somehow?

By the way, Happy Halloween!

I'm afraid of a quantum computer attack on the Bitcoin network. I’m afraid that the governments of the top countries will recognize Bitcoin as illegal. To lose my private key I'm also afraid
19  Bitcoin / Bitcoin Discussion / Re: Whet is the best marketplace to buy Bitcoin? on: October 29, 2019, 11:26:09 AM

 >:(I'm new but I'm looking trusted site to buy. Please help me. Angry


Try Binance. This exchange looks the most secure for buying, selling and trading. By the way there are also a lots crypto wallets, however, they are not considered the most reliable way to purchase, but often there is no need to pass KYC verification
20  Bitcoin / Bitcoin Discussion / Re: Can there be some Bitcoin Central Agency in future? on: October 29, 2019, 11:22:04 AM
People often tend to say that Bitcoin is a P2P currency based on the trust between two people. However it's obvious that these days scams are on rapid rise while governments are generally not providing any legal security to those who are involved in this. So do you think there can be some central Bitcoin Authority represented by various people who can become jury in such cases of dispute? I think this can also increase adoption as people can trust btc more. Also even countries would feel safer as such an authority can conyrol certain malpractices

The meaning of Bitcoin in P2P and decentralization. If the central governing body of Bitcoin appears, this will be the end of the coin's existence as the safest asset.
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