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201  Economy / Economics / Re: is it a bubble? on: January 24, 2018, 03:47:12 PM
Bubbles have the nature to popp when they get too big.
Bitcoin did not popp, at the moment it has a bearish/decreasing phase. And that is something very normal in economy.
To me even the fact that the bitcoin price decreases, or at least how it decreases shows that bitcoin has has become a part of the worldwide approved economy.
202  Economy / Speculation / Re: And another one stops accepting bitcoin payment on: January 24, 2018, 02:52:02 PM
Well, they stop accepting bitcoin payments because they see it to be more an asset than a form of payment.
And I do not think they are very wrong with their estimation.
They say as well that they are investigating other crypto currencies as a possible form of online payment.
To me that is the right step to take at the moment.
203  Bitcoin / Bitcoin Discussion / Re: We are waiting for 50 forks Bitcoin in 2018 on: January 24, 2018, 02:20:16 PM
If there were really 19 forks last year, the good thing is 17 of them were too unimportant for the majority to even notice them
I hope that forking is connected to a certain amount of work and investment.
If the large majority of those forks goes on without the bitcoin community taking notice of it, it might become not worth trying anymore.
204  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: you have profit in all airdrop? on: January 24, 2018, 09:55:04 AM
I am still not so sure what an airdrop actually is.
There is the meaning that it is some kind of give away from creators of a new currency in order to promte it.
And others define airdrops as what you get when a chain split happens.
A third meaning I have found is that airdrops is called the payment for small tasks.

To me it was always the chain split, but which one really is it?
205  Bitcoin / Bitcoin Discussion / Re: Are you surprise by bitcoin price now? on: January 24, 2018, 09:43:37 AM
I still have a bitcoin price under 1000 dollars in mind so yes, the price we have at the moment is surprising for men.
Although it was nearly twice as high a few weeks ago, I see the a price of 10K as nearly inceredibly high.
I always thought bitcoin could reach this level, but not in such a small time frame.
That's why even a distinct fall of under 10K will not shake my trust in bitcoin in any way.
206  Bitcoin / Bitcoin Discussion / Re: SOUTH KOREA NOT BANNING CRYPTO NOW - but want 24.2 percent tax? on: January 24, 2018, 09:19:59 AM
I think that this is really some good news.
A tax paying company should be welcome in every country of the world. A company that pays takes shows it is taking social responsibility serious and is not running away (like many of the really big corporations do).
And 24 percent is somewhere in the middle from what I know. There are countries with higher taxes and ones with lower taxes.
207  Economy / Speculation / Re: I'm officially sick of the bitcoin price right now... on: January 24, 2018, 09:14:09 AM
Predictions about crypto currencies are nearly impossible.
There are too many factors that can come up und nearly now hard facts.
Nobody knows how many people are really dealing with crypto or how much money they invested.
And nobody knows as well what countires will bring what regulations next.
Everything we can really tell is that right now we are in a down trend.
208  Economy / Economics / Re: Time is money, how you manage your money and time ? on: January 24, 2018, 09:04:41 AM
I always have in mind what the worst paid job I could get would bring me in one hour.
Everything I do, if I want to earn money, must be above that in one hour. Other wise it would make no sense.
Of course there is the fun fact. Some jobs I like better others not so much.
But to a certain degree I think everybody must accept that there are things to do in life nobody really likes.

209  Bitcoin / Bitcoin Discussion / Re: Do Banks fear cryptocurrency on: January 24, 2018, 08:57:43 AM
I do not think that banks see crypto currencies as competition.
But I think banks fear that people who got a loan might invest that loan in crypto currencies and lose the money this way.
Such a scenario would be a disadvantage for the bank.
210  Economy / Economics / Re: What are the biggest changes in your life caused by Bitcoin? on: January 23, 2018, 09:56:16 AM
The biggest change for me is that right now I have more money than I had before.
When I look through shops, now I often think that I could buy thing if I wanted too. I simply could afford them.
That was not the case before. And that gives me more self-confidence as well.
211  Bitcoin / Bitcoin Discussion / Re: Is bitcoin just a brand? on: January 23, 2018, 09:48:39 AM
Litecoin is faster, monero is more private, ETH has smart contracts and there are much more altcoin with much more features, even Bitcoin Cash is faster than Bitcoin, but BTC keeps rising much faster.
Don't you think it's just because of the name?

In economy brands are very important.
A company that has a brand can ask a higher price for a less quality product than other competitors.
It's all about what people think about a product, and the thinking of people can be influenced. That happens mostly by media.
Bitcoin was the first coin in the relative new field of crypto currencies. So it is clear that when people think of crypro currencies they first think of bitcoin.

Besides, when I look at the charts, bitcoin and the major altoins have started developing in similar ways. I don't see that btc keeps rising faster than the alts.
212  Bitcoin / Bitcoin Discussion / Re: Which country is the best one for setting up mining farms? on: January 23, 2018, 09:10:59 AM
Facebook has a larger server farm in Sweden.
I suppose that they thought carefully where to built it, and I assume that temperature and electricity costs were a big reason for them to choose that place.
But besides temperature and electricity, I think you have to keep the lokal taxes in mind when creating a mining farm.
I do not think that a business that size will be not seen by the lokal autorities, so taxes should play a role in the decision making process as well.
213  Bitcoin / Bitcoin Discussion / Re: ICO will take off on: January 22, 2018, 07:27:17 PM
I disagree and in fact hope they don't take off because there are tons of scams, lots of investors get hurt, and in general there are too many promises made without the follow through. Some ICOs are worth it but they are few in a basket of a lot and that isn't right if you ask me.
I see it similar. There are just too much of them, and most ICOs are really worth nothing.
A lot of small investors inevitably will lose money, and only a few will profit.
I really would not wonder if some governments would prohibit exchanges located in their country to offer ICOs for trading.
214  Bitcoin / Bitcoin Discussion / Re: Is Taxing Bitcoins Possible? on: January 22, 2018, 02:41:16 PM
There is no doubt for me that a tax will come.
I suppose that for every transaction of bitcoin into fiat, maybe even for every exchange amongst crypto currencies, there will be a tax on the profit you make by it.
The exchanges have already started to identify their users, and at a certain point they will have to work together with the tax offices of each nation that contacts them.
215  Bitcoin / Bitcoin Discussion / Re: Bitcoin is asset, not currency. on: January 22, 2018, 09:57:23 AM
National Bank of Israel officially announced that the Bitcoin is not currency but asset. I think that most countries will follow the example. what do you think?

Yes.. I think most countries call it that way.
governments and central banks in various countries say that bitcoin is more accurately called investment assets in digital form. Governments always say, bitcoin is not currency, and will not be able to replace the convensial money.
However, I am sure we all agree that, bitcoin is an asset and a currency. because bitcoin can be made as a means of exchange in the payment system.

I think that the most important thing about a classification of bitcoin by a government is that it leads to the way how bitcoin will be taxed by that nation.
Assets and currencies are often taxed in different ways.
When I look at the definition of currency as a medium of exchange, I believe that most countries will define bitcoin as an asset in the future.
216  Economy / Economics / Re: Government & Bitcoin on: January 21, 2018, 04:20:23 PM
I think that the whole market will become more and more regulated.
That has already started with the identification steps at the exchanges.
Other things will follow, maybe it will hit the ICOs or new currencies in general.
But this is not necessarily a bad thing. A more regulated market might have a safer impression to newcomers.
Maybe through that the crypto currencies can even grow more.
217  Economy / Economics / Re: what is the future of Bitcoin ? on: January 21, 2018, 03:44:50 PM
I think that bitcoin will work as a storage of wealth in the future. Some kind of digital gold.
Other crypto currencies will work as a medium of exchange, as a payment system.
That is why I believe that the growth of price for bitcoin will go on, but at a certain level it will stagnate for the payment coins.
218  Economy / Economics / Re: Many new rich people are created from Bitcoin on: January 21, 2018, 03:05:39 PM
Usually wealth concentrates to those who are already rich.
But with bitcoin, I think everybody has the option to get a piece of the cake.
Bitcoin does not require much you can't achieve on your own to have success.
And you can join from anywhere in the world. Even people in poorer countries have their chance here.
219  Bitcoin / Bitcoin Discussion / Re: Bitcoin saving is not safe on: January 21, 2018, 11:10:53 AM
I think op is right with his statement. There are more risks with bitcoin, or with crypto currencies in general than with most other investment options.
But that is not why people join bitcoin.
We are all here because of the big possibilities bitcoin offers. Ond those possibilities do more than just compensate the risks.
Besides, some of the risks can be minimized by working carefully.
220  Economy / Economics / Re: Is bitcoin a good way to invest your money ? on: January 21, 2018, 09:51:48 AM
If you have an investment plan, then I think crypto currencies should not be missing in it.
They represent an extra field of investment possibilities and are rather independent to the rest of the economy.
Of course, with their rapid moves up and down crypto currencies are a risky form of investment and their percentag of your whole investment should be reflecting that.
Putting all or most of your money in crypto currencies, that might not be the smartest move.
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