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361  Bitcoin / Bitcoin Discussion / Re: Bitcoin saving is not safe on: January 21, 2018, 10:25:52 PM
I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. Roll Eyes Roll Eyes


     Lol. Clearly, you do not know sht about what you are talkiing about. Study about the crypto currencies you like and how they work. This is the most important thing for beginners like you so you would be able to spend lots of  time in learning?. Now., If you had only done even a bit research you would have realized that bitcoin is just too damn secure compared to others.  And you will understand.
362  Bitcoin / Bitcoin Discussion / Re: Bitcoin is an Illuminati Scam? on: January 21, 2018, 10:12:05 PM
Hi I am a newbie here in Bitcointakorg. Also I am new to Crypto trading fielding as well. While I was talking to one of my friends about Crypto Market. He doubted this new currency trend. As He said There is Illuminati behind this project.  He submitted me some facts exacting some one's article that It is a scam and that could cause to loose everything one day. I will list them here below one by one.

1. Bitcoin is not a company, It has no corporate entity..
  (You can't sue bitcoin, inc. If the promises you were made about bitcoin price valuations don't pan. There is no bitcoin, inc)

2. Bitcoin doesn't have any earnings, revenues, profits, profits or P/E ratios.

3. Bitcoin trading isn't regulated by any one.

4. If the internet goes down, Bitcoins cease to exit.

5. Very few accept bitcoins as form of payment. ( although this could grow)

6. Bitcoins transactions are not free and fee getting increased time to time.

7. You can't sue anything if you loose your bitcoins,

8. Nearly all bitcoins promoters have a conflict of interest in attracting more buyers in to bitcoins.

9. Bitcoin isn't very liquid market compare to stock market, Transactions can days to clear

10. Because of bitcoin isn't regulated by the SEC, Bitcoin promoters can claim any forward - looking estimates for future
   ( the government cannot take any legal action against them )


I would like to know you people's views regarding above facts, Really Appreciate your participation, Looking forward to learn many things from you as a newbie. Thanks in advance.





     Ummm... I was really looking forward into finding something relating to the claim that this is an illuminati scam or that bitcoins are connected to illuminati. Seriously, I really have been looking for it. But hey, of illuminati is truly what people say they are, then i can say that this really might be true and we need to he careful.


      But sadly, i didn't see anything related to illuminati. But even if there was i would still remain with bitcoins.
363  Economy / Economics / Re: Is Bitcoin now the biggest bubble of all time? on: January 17, 2018, 06:30:23 PM
Even the richest people on the planet bash Bitcoin for what it isn't... I bet they're just salty they missed the ride and wanna get on the next stop lol.

Or perhaps, as Bitcoin sits less than 50% of its all time high and is still on the way down, they were right and all the dreamy-eyed HODLers are now panic selling because deep down they fear that this really was a bubble, and it's now finally popping for any myriad of reasons: Bitcoin isn't a currency, it isn't useful to transact commerce, speculative hype has run out and now the coin has to trade on utility, Bitcoin is too slow, Bitcoin is too expensive to transfer value, and on and on.


    You state great points my friend, and i really do agree on some. But the thing is, lightning network is about to put an end to the main problems of bitcoins. And evry day we are getting close to the time of implementation of this new idea. There have been tests already that were successful. And i think this will be a way toake bitcoin reach incredible heights again. Breaking records by records all over again.

      And abiut the big price drops? I am more hapoy than worried. In fact, i am hoping for lower dips so i can buy a lot more bitcoins for a cheap price. But sadly, i think these dips will only be lasting for this month. Oh well, at least this dip has gotten rid of weak handed noobs that are bad for the crypto world as a whole.
364  Economy / Economics / Re: Still Trading When Red? on: January 17, 2018, 05:56:46 PM


It is said that we can make money in trading when the market is up as well as when the market is down. Right now, the cryptocurrency market is experiencing a big bloodbath (though there might have been bigger ones before) where some are estimating that we lost around 40% of the market value so far. Though I personally believe that this is just temporary and very historical (it happened in the past on the same period), it is still sad to see what we have already gained just wipe out in some hours and days. This is just the way with cryptocurrency market...

Under this dire situation, are you still trading or you are pausing for a while just waiting for the right timing when to buy coins and tokens again?



    Well honestly, i really do not worry so much about what is happening right now with the cryptos. Because i think that after all those bug hypes last year, this new episode of the great correction is just right and is very healthy for the crypto world a s a whole since we get to shake off weak hearted noobs from the system. Which by the next rise will come back as experienced amd knowledgeable crypto persons that deserve to be here.

     As for trading, im at a pause right now. Would be too much effort if i trade with these small price dips and ups. As of now, i focus more on studying the altcoins that caught my eye and setting a buy plan for my list.
365  Economy / Economics / Re: Bankers are killing the cryptocurrency market on: January 17, 2018, 05:04:17 PM
   Look op, judging by your rank, i think that you have also been here for quite some time also. And if i am not mistaken, you should've already read a lot about not just bitcoins but also about most crypto currencies existing. And i honestly think that someone like you have at least looked at the history of cryptos at least once or twice on how they move every month of every year. Which is why i do not understand the reason for your worries. I mean, don't you see that this corrections are healthy for the world of crypto as a whole?

Unless, you can show things that prove your claim, i really wouldn't be worried. Instead, i would be happy since this is a great opportunity to invest amd gain more profits. Just sayin'.
366  Bitcoin / Bitcoin Discussion / Re: lowest price it might fall to? on: January 14, 2018, 08:04:22 PM
we all know that the constantly changing price of bitcoin is nothing new, but what do you think is the lowest price bitcoin could fall to? i think it won't fall below 10k again, the only thing that could lower the price is people losing intrest but because there are a lot more people intrested in bitcoins and the ever growing community will help it's price to grow i don't bealive that will happen.


      Well, judging by what has been happening to bitcoins in the past up to this day, i think the price can even go lower than 10000 dollars. Not so sure about this though but i have a strong feeling that it really would. But i really do not worry that much. Because clearly, bitcoin will surely riee again in the next few months and will be breaking records by records again. I only see this as another opportunity to invest ang get great profits again rather than a problem.

367  Bitcoin / Bitcoin Discussion / Re: Global Markets eye India, as a good option for Crypto Mining on: January 14, 2018, 07:55:03 PM

Global Markets eye India, as a good option for Crypto-Mining

Will this benefit India, given the infrastructure?

How does this effect the overall environment? (Noise, Air pollution)

Will the Indian Goverment, use this as an opportunity/waste this away, and leave the young generation in the lurch?


This is my 1st post ever on this forum, apologise if this is sensitive, but this is something which all should be aware of.

Kindly express your views. Global opinions are most welcome.

Viva la Crypto

Shawn BTC




     Eye-ing is far too different with being already a geat country for crypto mining.  You see, eye-ing alone does not make it sure to happen. Hence, we cannot imagine yet what will be its good or bad effects to the country in terms of economy or nature. Simply because a lot must be taken into consideration before this gets implemented and becomes a reality or even get the government of india into deciding whether this is a good choice or not. For all we know, they may just ignore this or people may do rallies about this etc.. etc.. you get my point?

But hey, this is a good topic t talk about, better than most newbies post nowadays.
So a warm welcome for you and good luck with your crypto adventure.
368  Bitcoin / Bitcoin Discussion / Re: Why media against bitcoin ? on: January 14, 2018, 07:39:07 PM
when ever I found any news about bitcoin it is negative news , i am confused why traditional mass media always against bitcoin ?
[/quote


   Because obviously, humans are more interested or get stimulated more  when the gossips or news are about negativities. Which is why we often see negative new on almost just about everything. Because it sells easier to the watchers, listeners or readers. Also, another reason can be the government and its power to take control. Of almost everything. Plus some of these medias are being paid by banks and governments to make Bitcoins and other cryptos to look bad . Which then could lead to the destruction of the crypto world.
369  Bitcoin / Bitcoin Discussion / Re: 9 Reasons Bitcoin Could Hit $100,000 Or More on: January 14, 2018, 07:33:10 PM
Number of Bitcoins in circulation

First mover, network effect and media exposure

What is unique to Bitcoin vs. other CCs is that it was the first one invented, gained acceptance by investors and businesses and has received the most media attention. New companies have formed to support and trade it, which has led others to take notice and try and cash in on the hype.

Since there isnít anything physically attributable to Bitcoin having these qualities has been a huge help for it to gain traction. I am counting these three as one reason as they have a synergistic effect on each other and help create demand.

FOMO or Fear of missing out

The fear of missing out or FOMO has helped to create a lemming effect. Investors donít
https://community.bitzamp.com/view.php?permlink=9-reasons-bitcoin-could-hit-100000-or-more&id=458205



     I can barely even count anymore how many times inhave read and heard the same reasons to support the statement that bitcoin will reach a $100,000 in the future. Not that i am saying it isn't true. I mean, who would belive me, bitcoin clearly is something that is impossible to predict. Plus the fact that the major problems of bitcoins are being fixed, this caj really do happen someday if the trend continues and maybe even higher when the fixes gets implemented.
370  Bitcoin / Bitcoin Discussion / Re: Life... on: January 14, 2018, 07:18:23 PM
Where to go now everyone is referring to coin, cryptocurrency.
But to understand it, to see its potentials, that is a process of experience and studing.
Do not rush to evaluate altcoins are too high or too low. But give it a piece of time in life ... Prove all.


      Great mindset op. I rarely see newbues like you seeing the value of knowledge here in the crypto world. I am so amazed and very happy that out of all the greedy people out there who only jumoed into the crypto world because of greed, there are still newbues like you that can see the bigger picture. If you continue following this mindset, no doubt that you will be a really successful crypto person sooner or later. I hope others learn from you akd does the same.
Good luck op. And welcome to the crypto world.
371  Bitcoin / Bitcoin Discussion / Re: The Red Market on: January 14, 2018, 06:54:47 PM
Why is everything just a sea of red these past couple of days? I know the FUD with South Korea was the cause for the first major dip, but since then, all that has been figured out but the market is still just being slaughtered.

Anyone know of possible reasons why?


    The way i see it, the south korea issue really has something to do with this. But if you look closely at the recent charts and a few weeks older ones. You will see that the south korea issue isn't really the only reason as to why this sea of red prices in portfolios phenomenon is happening. Clearly, a lot of investors are taking profits and investing in better coins will some really just wanna take profits or cut losses. That is what i think. But whatever it is, it'll be over soon. Prices will eventually be going up again sooner or later this year. Might even happen on the next month. Who knoes? So just relax. Keep calm and hoodl.
372  Bitcoin / Bitcoin Discussion / Re: Investnment Advice on: January 14, 2018, 06:38:56 PM
I asked for a loan to resolve some personal expenses and I still have about $1200 left, I have the intention to invest this money and with all the cryptocurrency uproar I do believe this new universe is probably the best place to invest this money, (if I'm wrong, let me know)

Now, I have two main ideas, either I purchase $1200 worth of bitcoins and hold on to them expecting a higher capitalization, or I invest in mining equipment to mine some altcoins.

I currently have a gaming rig with a R9 270X card, which, for mining purposes is profiting me about $20 a week.

What would you suggest me to do?


    You know what pal, if that $1200 is what's left from that previous loan you did,  i would suggest that you give it back now as payment for your recent loan so that it will decrease. Then, work instead in the forum while using that ging pc as altcoin miner to get capital or at least until you pay up the loan and have enough extra cash to play with. Doing this will not only give you lots of extra income for capital but also increase the knowledge you already have here in the crypto world. Which obviously is something you can benefit a lot with.


     But, if you really wanna play with that money, i suggest you read a bit first and understand altcoins and icos. Then invest in promising icos. This will surely guve you lots of profits if you manage to do it right.
373  Bitcoin / Bitcoin Discussion / Re: Investing in BTC on: January 14, 2018, 06:09:34 PM
I heard that investing in bitcoin is dangerous. How true is this?  Huh


     Well, the way i see it, butcoin is really dangerous if you don't know sht about what you are doing with it or why you have or have not invested in it yet. But if you have an appropriate knowledge about bitcoins and how it works, there really shouldn't be any problem. Seriously. The only danger i see is the volatility of this currency/asset. But other than that? Nothing. As of now though. You know what i think is far more dangerous? It is the capability of our minds to over think everything and at some point, never get bithered about it. Both of these really did make lots of investors lose big money. So i suggest that everyone should take control of their emotions, do not get greedy, know your facts, and always set plans and boundaries. This way, you can decide more efficiently and more effectively.
374  Bitcoin / Bitcoin Discussion / Re: Shall we be afraid of bitcoin ? on: January 14, 2018, 05:53:40 PM
Do you think people understand that it is just money changing hands like if you were making and selling new paintings ?

I wrote an article about it here: https://medium.com/@netcashfx/bitcoins-wealth-is-not-a-threat-152b1a90489d



     Dude. Freakin wake up, art is way too different than crypto currencies. Art will always be art. Although bitcoin is an art itself, we cannot compare it to art as a whole since it does not serve or made to be an art. But to be used by lots of people and to solveultiple problems that the world system has currently. Art is complicated, bitcoin isn't, but even bitcoin does only two things which is rise and fall, it is pretty hard to predict what happens next since it doesn't have a fixed time and date for this. If it did, then no one would even lose or gain profits. That's for sure.  But hey, great article though. You should enhance that more since there are lots of jobs there for article writters.
375  Bitcoin / Bitcoin Discussion / Re: Does Social Media Influence bitcoin growth? on: January 14, 2018, 05:41:30 PM
Does Social Media Influence bitcoin growth?




      Im pretty sure it does mate. Just imagine, how many people are on social media nowadays. Even old people are striving to be part of the new trends. You see, back then, advertisments were only on papers, radios and televisions because people only used thosed things but now, time is different. We are full of social medias circling all around the internet. Which is why developers spend a while lot of money for social media advertising. If it cannot influence growth of any coin, no developer will waste time and money to get good advertising. Get my point? Specially on Bitcoin. If it gets advertised often enough, i think it will really start mass adoption. Just sayin'.
376  Bitcoin / Bitcoin Discussion / Re: Where should I ? on: January 14, 2018, 05:29:16 PM
Where should I invest my money ? I'm wondering if im going to invest on a high unit which is bitcoin or lower unit which is ethereum that has a potential to grow ? ETH or BTC ? As a higher rank what would you recommend me ?


   You know what bruh, judging by how worried you are, i think that what you are about to invest is money that you have plans for already and is really needed. I suggest you go and earn some more first and while you're at it, study more about how the crypto world works so that by the time you earn enough extra money to invest(preferrably $5000), you will already know what to do and where to invest. This will truly help you more. But, if you really cannot wait that long, at least invest just a little amount to both of them. And work on various bounties here in the forum.

-hope you take this advice. Good luck.
377  Bitcoin / Bitcoin Discussion / Re: Indonesia bans Bitcoin on: January 14, 2018, 05:21:06 PM


      Man oh man, thus sure is such a bad news for all the Indonesian crypto currency users/lovers there in Indonesia. I sure cannot imagine how sad and devastated all Indonesians are with this news. I hope this decision of the government of indonesia gets revoked because clearly, a lot of people there are very dependent it crypto currencies for extra income for their daily needs. This will certainly effect their people. Might even cause lots of people getting out of country just to be able to use and earn cryptos.
378  Bitcoin / Bitcoin Discussion / Re: Who knows? When is Bitcoin growing? on: January 14, 2018, 04:06:23 PM
If you have a strong trader, write down the answer.

    To answer this kind of question, one doesn't have to be an expert in trading. The only knowledge a person should have is basic knowledge on crypto currencies. Most preferrably on bitcoin. Its mechanics, how it works, and so much more. And you know what? The pro trader and the non trader will answer the same. It is that when is not something anyone can predict exactly. That no one really knows but for sure it will come.

That is what i think.
379  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [BOUNTY] 🔵 Datarius 🔴 First Social p2p Cryptobank 🔵 on: January 08, 2018, 08:16:10 AM
Please check my pm sir
380  Economy / Economics / Re: CRYPTOCURRENY TAX DILEMMA on: January 08, 2018, 12:07:18 AM
Hello! I am a Filipino currently residing and working in the UK. I have been investing into crypto since November 2017. I use a USA-based Gemini exchange to deposit GBP and get me started with crypto investing. Now what if I make 1M USD profit out of a coin? What are the tax implications?
.
SITUATION A
If I convert BTC to USD in my Gemini exchange, will that already be subjected to tax? Will USA tax me considering I do not reside there? Now of course I have to transfer the money to my UK bank. If my UK bank receives it, will I have to declare the money as capital gains taxable to HMRC? Or is it treated as betting/gambling wins, therefore free of tax?
.
SITUATION B
If I send BTC to coins.ph (Philippine Digital currency exchange), then convert it to PHP, will that give me max profit considering the new tax scheme under TRAIN law?
.
Basically, I want to know the best way to lessen the amount of tax that I have to pay. Do I have to record every trade transactions that I make? Because I will start now if I have to.
Thanks ever so much to anyone who will answer.


  Dude, i aint good with banks and all that sht, but ome thing i can adbice you amd something that has worked pretty well woth my friend is that convert your cryptos little by little while changing the time frame almost every week. Yes, this is very tiring and will really take a lot of effort and precious time. Doing it slowly but surely is better than rushing without knowing what may happen next. But this is just an unprecedented advice, thus really did work for mt friend but i cannot guarantee that it will work for you too. Just wanted to share because maybe it can help. Just try it for a few weeks and then observe hiw the banks and local government reacts.
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