why is it ok for a group of people calling themselves the government to force everyone to buy their services?
if enough armed people refused to pay and told the government to go fuck itself there is nothing they could do.
That may be the case, but a society that abides no rules are basically a group of savages that cannot be considered a society. People always have that tendency to be delinquent and not follow rules; however, it is also inherent to us to follow something that we know could help us and make our lives easier. A government is a body that has control over one territory's population, but it has always been an established fact that their power came from the people, and a government's job is to only cater to what the people wants and needs. Taxes are one way to have finances to support what the people want, and so, even if it can be burdensome at times, people still pay taxes. |
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ICOs are high risk high reward. I highlighted the risk part cause you had a bad luck with it. Try to research your ICOs better next time or just wait for the dev team to show some proof of development or a working product.
I agree. Many see ICOs as an easy venture because it's easy to enroll in them if you want to join bounties, and it is also quite easy to invest in them and just wait until such time it becomes ripe for profit. However, ease of joining is far different from considering it without consideration as a successful investment. Many have complained again and again with regards to projects failing and ICOs turning out into scams. Therefore, whatever kind of ICO-related venture you choose, you should be vigilant and critical with choosing your projects to avoid being a victim of those bad projects. |
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I think Bitcoin will prevail as a payment method. A lot of people are focusing on Bitcoin price, but Bitcoin is still a good technology. It is the best system out there for payment transactions and store of value (in other words, currency).
You don't need to register, you just need a secret number to receive bitcoins. A lot easier then other payment methods.
You own your money and no government can take it from you with inflation or a failure of banks.
It is decentralized and open source, so it is secure and private. Security of every Bitcoin transaction is independent and of each other and at highest level.
In other payment methods, you hack one entity and you hacked all their users. (Paypal just had a breach this Friday).
It is simply objectively the best. Fairest, fastest, easiest to use, private and most secure. It isn't just the best, it is 10 times better then anything out there.
That could always happen and there is always that possibility that Bitcoin could be accepted as a mode and means of payment. I think the only hindering factor for that to truly take place is the fact that many cryptocurrencies are volatile and has unpredictable values, and since commodities have an exact amount, I don't think producers would be okay, even retailers as well, to be paid with a currency that may change in value that would lead to them being paid less that what they have invested for the product they sold. I think for that to happen, Bitcoin should first be a little standardized and constant in terms of value. |
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Can I make passive daily income with trading?
I have little money of about 100$, Is it a good idea to start jump on Bittrex or Poloniex and
start buying alt coins for profit.
I think the question mate is a bit counter intuitive; trading is usually more related to active means of earning because you would have to really be updated, and you need to take a closer look of the market to see its movements and changes that would be your guide to whichever trade you want to pursue. Therefore, more than a passive venture, it is actually more of an active one. Passive ventures are more related to investments and bounties because you won't have to be in check every time. |
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Now that Ethereum are used by most ICO's do you think before the end of the year (2018) ethereum will go up to 5000 usd ?
Because for me I believe that ethereum has a potential to get that price before 2019 . What's your prediction ?
First off, everything can happen mate! In this market, everything has a chance. But, you must consider that what you are suggesting could be too far off at the moment considering factors like Ethereum's current value and the amount it has to climb in that short period of time you are saying to cover such value of $5,000.00. It's not that easy; Bitcoin took years and years before it had its current value, and even now, that value is not safe because there might be a lot of movements that can affect it. The cryptocurrency market is just like that, it's a market of extremes, thus, a certain coin could go up or down at any moment. |
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Mag oofer ng trading pair ang INVESTAGRAM usd to btc at iba pang coins sa susunod na taon. Meron po ba kayong insight about dun? Kung ano anong pair ang i o offer nila? Limited lang kasi nakuha kong info. Isa lang sigurado, makakatulong yun para mag spread ng awareness about cryptocurrency sa kapwa natin pinoy. Im hoping for great years ahead! Yaaay! Happy new year na din pala sa lahat!  I agree. Having many platforms could help Philippine-based cryptocurrency investors and traders to have more alleys to do business. Right now, as I know, we are limited to three with most doing business in only one platform. This monopolizes the business that urges its proprietors to keep on imposing higher transaction fees. Having more platforms would make the competition better and would help in lowering the fees as well. Hopefully, many investors and traders would shift to it and would help it progress and become a good platform. |
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Bitcoin transactions are way slower than other cryptos and fees are high, and when you pay with bitcoin you pay with only fractions of it, so do you think it is possible for bitcoin to become a daily currency? Something you can use to pay for coffee? If no, then what cryptocurrency have this potential?
It's likely right now for Bitcoin to become a daily currency because of high fees and long confirmation time. Also because many people consider Bitcoin more an asset and speculative tool rather than a currency. That's right. I think that its becoming more problematic that transactions involving cryptocurrencies are beginning to be imposed of high fees and longer confirmation times. More than a currency, it is turning more so as an investment medium comparable to a 'stock' in the stock market. So, to consider it as a daily currency would not be feasible now because of the "red tape" tied up with its transactions, unlike credit cards that are fast and easy with just one swipe, so for cryptocurrency to be in that stage, it should find a way to make transactions faster and convenient. |
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Bounties don't really give a lot (for the most part), so, if you have some money you're willing to part with - invest.
Although I agree with you on the idea that bounties don't pay and give a lot. I think that I would still choose it over investing because bounties are safer, and even though it pays less, at least you could see if you are geared for a gain or loss in just a few months, unlike investments that could go by for years carrying that unsure atmosphere if it will be a successful. Also, it's hard to invest nowadays because there are so many projects that it is so hard to tell which are legit and which are scams. I know the bigger the risk, the better the return, but still, I would like to think that bounties are more of a calculated risk compared to investments. |
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Good read mate, but I think that banks, being a money and investment business entity, would not let that happen. Since many banks are also somehow connected and supported by their respective governments, it would not be easy for them to fall apart and close their business, especially the big ones. Therefore, what I am saying is that instead of being killed off, I think banks would shake their system and adjust to be able to make their business system jive and accommodate cryptocurrencies, knowing that it is a big business that they could score a lot of profit from, after all, like I said, banks are made to gain money and investments. |
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Hard to speculate about future. We all can see that bitcoin right now is not exactly the best payment option or a currency.
BTC is better suited to be an safe haven asset, capital investment and long term option for hoarders.
Bitcoin is not doomed yet (Japan adoption!), there is still time to fix scaling problem and reach total dominance over altcoins.
But if the scaling war will continue for extended period of time, it is possible that ETH, LTC or DASH will take over BTC dominance.
That's right; however, I could say that there is always that chance for altcoins to be able to catch up to Bitcoin or at least be able to match its value. Take Ethereum for example, although its climb is slow and steady, if it will continue its path, I think it can reach a point where it can get good value since one of its strengths is its endurance to maintain its ground to hold its value even if many altcoins, and even the market, is dwindling in value. And, it would also depend on the recognition and support people will give any certain coin in the market, just as much as Bitcoin received massive support that helped its rise to power, if an altcoin would gain the same, then there is a chance for it to rise up like Bitcoin did. |
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In terms of profitability. Bitcoin is way more profitable compare to Ethereum. I hope you guys got some good profit from recent dip. Ethereum is always next to bitcoin. I don't see Ethereum will surpass Bitcoin, to be honest. But it will be better to diversify your portfolio. Dont buy one crypto because once it crashes, its very hard to recover. Dont put all your eggs in one basket. That's what they are saying.
Buy both Ethereum and Bitcoin. Me, i bought some IOTA and BTC. That's all i got, for now. But im looking for other good altcoin where i can put my money. Ethereum seems good to hold for long term. I will buy some of it in the future.
Although I agree with you on the profitability aspect that Bitcoin has more capacity to give you more profit, I think that Ethereum, especially at the moment, has more chances of surging in the next few months maybe once or twice, therefore, you're investment would take less time to be realized for profit as compared to Bitcoin, which may last for months before spiking again. Having said, your choice would totally depend on the amount of time and patience you can muster in order to wait for your investment to give a return because both of them, certainly, are better fitting for long term investments. |
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Lots of coins are coming in every month. But I can't know which coin will good in future, Always I face problem with my confusion. So, is there anyway to know which coins are good?
Thank You
As there are many coins around, I am sure that it is confusing, if not, borderline difficult to choose where to invest in. As you also know, anything in this market has the potential to rise and to fall in seemingly an instant, thus, you should be good at identifying which tokens you should take notice of and which ones you should, on the other hand, stir clear of. I think good indicators are how the coin is accepted in the market, if many people transacts and deals with it, then that acceptance is a good sign that the coin is good. Also, check those that have a high marketcap, having that means that more people could be able to hold that coin and to use it for transactions. Lastly, check if the developer of the coin has a steady plan to help boost the coin's value, if they are active then that is a good sign as well. |
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Everyone has a different view, Bill Gates does not deny block chain, but at present most of the ICO project is project of fraud, it's also a fact that, so the encryption monetary value still need time to confirm.
I agree. I think Bill Gates is coming from the idea that there are so many activities and transactions regarding the cryptocurrency market that is quite unreliable, or worst, shady. Therefore, for a businessman, he would not suggest to people to follow it because it's like suggesting for them to embrace the loss and would basically put their hard earned money in danger. In any kind of business, it's your call whether you would want to take the risk in exchange for a return, so at the end of the day, it's still your call as an investor and trader. |
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I don't understand why people keep comparing gold to bitcoin within the context of currency. Gold hasn't been used as currency for over a hundred years. People wear gold and the buy it to keep as an investment (store of value). When was the last time you saw some one buying something with gold coins? The only reason gold coins are made is for investment purposes, it's nostalgic to have it in an actual coin form.
Further gold is a metal. Bitcoin is electronic, not tangible, it's different on so many levels.
Well, they compare it with money and gold because cryptocurrencies also have the capacity and characteristic of a currency, which you can use as a medium of payment. As the legend of pizza in the Bitcoin world have shown that there was one person who bought a box of pizza for an insane amount of bitcoin. That shows that it can be used like any other money. But, since the premise is soundness, I don't think that right now, it is totally sound. Its value kept on changing and the changes are quite extremes. That factor contributes as to why many people are iffy about truly embracing it. |
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Hi All,
Please help me understand in plain English how will we benefit from so many currencies?
I see so many startups with decentralized blockchain ideas with their own crypto currency.
Today I purchased oatmeal directly from a mill at their website.
This mill sells its products thru grocers and other online stores as well.
They probably gave 3% to the credit card company, which they could reduce by using blockchain.
But if every store and every business starts creating their own currency, then I will have to go thru an exchange to convert BTC or ETH to that coin to make some purchase.
Then we would need miners to process all those transactions in various coins.
Why can't they just use ETH? Just like all IPOs use dollars.
Thanks in advance
If you are pertaining to the variety of coins in the market. Then yes, there are a lot of coins in the market, and it is increasing every day. And as much as it is confusing where to lodge your investment that would do any good, I think that it's fine that there are so many market players because it fosters better competition, and it gives other stronger coins a run for their money. A market that is one-sided and is inclined to only one coin is not an active market and would only stay for so long until its fall. Having lots of currencies helps in keeping the market afloat even if many of the strong assets are in decline. |
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Good day, mates. My strategy is to buy coins when the price drops sharply. Sometimes I fail, because the price drops more than I expected. But, to prevent this worse situation, I put 30% of my budget at the time of initial investment. If the price getting down again, I put 30% more. With this strategy, I am getting some money so far. In conclusion, I recommend you guys to buy coins when they drops rapidly. After sharp drop, there should be sharp rising.  I am not sure if there is such a way to determine that. As much as everything in this market happens quite fast as compared to other trade and investment markets. I still think that everything takes some sort of process and follows a specific curve, and that includes coins in this markets when they sharply drop. Therefore, for you to determine when it would have a big dump in value to prompt a perfect time to buy, then I would suggest for you to follow its movements and trends, and to check how long it has taken that path to determine if it will continue to go up or go down. For me, what I do is I wait for the asset to go down, and at the first instance of its rise, I try to buy some, so that if it continues to go down, then there won't be much regret because the value is still low, but if it will go up, then I would surely make a profit. |
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Hello Folk, is it the time for ethreum to lead from the front ? As bitcoin is going through rough ride along with other altcoins but ethreum is turning out to be more stable platform for investment and also new ICO's are based on ethreum. Do you think Ethreum will dethrone bitcoin from 1st rank of crypto this year?
Maybe it happen if all investor are turn on into ethereum. But, for me bitcoin is still on top even the value of it is unstable. Comparing the value of this two coin between ether and bitcoin. Bitcoin have a big diffidence of price gap into ether. Because of this gap ether is need a massive mainstreaming in the crypto's community. The good thing in ether almost all ICO's are now implementing ethereum blockchain. Through this, the possibility to increase the value of ether is huge this year and ether will be always behind on bitcoin. That may be true; however, it is too ideal to happen. I side in the fact that Ethereum has the potential to contend with Bitcoin, but not at this moment. The discrepancy in price point and value really differentiates the two coins. Bitcoin's value so much outweighs Ethereum, that even if Eth is one of the reliable and enduring coins around, people would still side with Bitcoin due to price alone. However, it is comforting to know that there are other market assets like Eth that could pick up the slack, especially when Bitcoin is not doing good. |
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hi peepz, we all know the declining price of bitcoin today since the start of this year, so i have made this thread for you to post ONLY positive things about bitcoin on how it affects your daily lives, please do sights some of your personal encounter using bitcoin in buying online or on a physical store if there's one. you can also post how you earn bitcoin using this forum.
if you are to post negative things about bitcoin, i believe you should not be here in this thread, there are other threads that tackles the disadvantages of bitcoin so please spare this one.
i believe that this should be helpful for people who have no idea about bitcoin. including newbies in this forum. who knows, maybe some smerit giver will read your post if it deserves to be merited depending on how helpful and informative your post is. so good luck to us all guys.
EDITED: please do not post statements that you agree on why i created this thread, what we need is the practical use of bitcoin today, just to avoid spamming posts that are already posted above yours.
That could be a good idea mate. Positive marketing can do a product a lot of good. However, I fear that our voices are only a whisper compared to the many bigger entities that give cryptocurrencies, specifically Bitcoin a bad color. Media entities and even governments are all seeing Bitcoin as a shady kind of business that they continue to refute its benefits and promote for its containment or even prohibition. But, I am with you, I think that Bitcoin can do lots of good changes than can really help in making the world trade and investment market better. |
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Hi guys ano-ano mga regrets or mga bagay na pin angina yang an nyo Simula hung nagstart kayo maginvest or maging cryptocurrency enthusiasts?
Ako I'm a gamer since high school, sobrang attached na ko sa computer gaming and online earning. At hung pinakaregret ko is bakit Hindi ko naencounter tong bitcoin kung 2009 and sumunod na taon. Nagstart lang ako sa bitcoin year 2016, mejo techie ako and mejo may alam sa mga website that time 19k pesos pa lang nag bitcoin, I've invested in cloud mining (hashocean) 350pesos investment nun may 40k satoshi ka na, that time Hindi ka pa halos masaya nun kahit may 1million satoshi ka na. Then nagstart din ako magmanage ng sarili Kong bitcoin faucet which is Hindi naging successful dahil pinutakte ng mga not( 1m satoshi mo 1 hour lang I claim ng mga bots) and ang way para makaearn ka lang is AdSense, which is kahit 1$ wala ako kinita.
Yung hundred pesos worth satoshi ko binili ko rise coin, ICO nila nun,
Fast forward- nagtigil na ko magcrypto nagtrabaho na ko, nagfocus sa ibang bagay, balik dota haha
Then this December 2017 nicheck ko hung coinmarketcap natuwa naman ako na hung hundred pesos Kong rise coin 50 pieces is naging 50$ na, altime high ang bitcoin nun December 2017. So ayun balik na ulit ako sa crypto, nilipat ko sa ibang coin yung value ng rise ko. And Napa participate na din ako sa airdrop which I hope someday worth a fortune in the future he he.
Ikaw ako ang kwentong crypto mo?
There are so many stories like this in the cryptocurrency market. I think that everyone has their own regrets that they wish they could undo ranging from losing a lot of investment or making a bad trade. However, for me, I am not the type to dwell on loses, so I don't thing about my loses any more since I can tell myself that I did apply due diligence in checking for those ventures I made. Perhaps if there is, then it is not being able to go in the market earlier on. I have known about cryptocurrency four years ago, and back then, I though it was a scheme, so I didn't push through. If I did, I could have gotten more from it. But then again, what do I know then, I am happy I know better now. |
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why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
They might have seen the threat that bitcoin could bring in there economy but I don't see a lot of country banning bitcoin. ICO will more likely be banned than bitcoin. Bitcoin is unregulated and maybe the governmnet cant find a way on how to regulate this crypto. I agree. When a government sees something as threat, then there's nothing left for them to do but to control and contain it for the welfare of their people and for their own interest. I think, since cryptocurrency and activities related to it has this air of being a little sketchy, then they think that it has the potential to bring bad effects to their local trade and market business, and them banning it is just a way for them to protect that. Also, since many people are getting the bad end of the stick with their transactions, they just want to avoid the same scenario happening to their people. |
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