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241  Other / Beginners & Help / Re: Need advice for bitcoin wallet.. on: June 30, 2018, 01:10:34 PM
Maybe a
hardware wallet will suit you if you want to try using trezor, because many people is using it and have reviewed about trezor is safe.
If you plan to use your bitcoin you just bought to invest in a long-term you can start with an online wallet.
242  Economy / Economics / Re: Bitcoin and Economy on: June 27, 2018, 04:28:46 PM
We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.


Not all countries developing because of taxes. There are many countries developing with utilizing natural resources like oil mining and gold mining.
And bitcoin is currently have tax but that if bitcoin is regulated by the government of a country that accept bitcoin for transactions in that country. But there are some people who avoid the tax and talk about bitcoin is free of tax even though the state government has given access to bitcoin transactions in that country.
80% is a big amount I think not everyone will be involved in cryptocurrency. There must be about 60% of people who still use paper money and not involved in cryptocurrency.
243  Economy / Economics / Re: Can human stupidity affect the movement of the market? on: June 27, 2018, 04:27:17 PM
Stupidity is a terrible thing, it can even lead people to extinction. FUD is a concrete example of a stupidity, you should already know what happens when there is a news that raises a very large FUD wave. We are panic, it’s natural, but we should not act stupid and must prioritize the rationality, not emotion.
244  Bitcoin / Bitcoin Discussion / Re: Why bitcoin requires approval from countries ? on: June 27, 2018, 02:51:07 PM
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Do you live depends fully on crypto without Fiat intervention at all? How can you access the internet? Do you have direct transmitter to a satellite? Does the electricity you’re using come from a private power plant? Does the police won’t know all the things you do in your home? So why do Bitcoin need approval from countries?
245  Economy / Speculation / Re: Why do we complain when the market is down? on: June 27, 2018, 02:50:13 PM
Ever since bitcoin price started dropping, most of the threads i see here are : is bitcoin dying?, will bitcoin go green again?, should i hold or sell? etc. I laugh when i see such threads. Every business has a window of opportunity when the market is ripe to enter. This is the time to invest more in bitcoin. Every good investor see every dip as an opportunity to buy more bitcoin and hold. The weak ones see dips and they start to shiver; selling all their bitcoins, even including their altcoins. Please community members, the way we are handling this drop in bitcoin will scare new members from even investing in the coin which will cause a further decrease in the price and the unexpected might happen. Let's have a healthy discussion about our coin even in hard times, and it will attract more people to invest and eventually pump the price again. Friends what do you also think?
They’re the one who actually make new players like that, they still lacking in experience and that is where they asked. Not even few who actually read the threads have been created before who have the same case and most of them are fundamental.
246  Economy / Economics / Re: Money laundering tools on: June 22, 2018, 04:55:36 PM
Bitcoin is very good and its price is very high. But I don’t think it’s good enough if it used for a transaction or expense or like money laundering. I would invest my money into bitcoin. I think if I invest my money into bitcoin I will get a double profits but from that I also think the risk of loss if bitcoin’s price fall drastically, investing in bitcoin is indeed very extreme.
247  Economy / Speculation / Re: Bitcoin will explode! on: June 22, 2018, 04:55:15 PM
I think the current price decrease is slowly becoming an opportunity to collect more bitcoin, because from it I'm sure there will be a lot of new investors who are starting to hold bitcoins. Bitcoin is getting more famous and many people who don’t know about bitcoin at first become know about it because bitcoin’s price is very expensive.
I will add more bitcoin in current opportunity because the bitcoin’s price is falling slowly and will recover again suddenly.
248  Bitcoin / Bitcoin Discussion / Re: Blockchain Technology involvements in Top companies on: June 22, 2018, 04:54:59 PM
They are helped a lot by the blockchain but your last statement is not necessarily to happen, not being pessimistic but one day there will be an altcoin that could replace the supremacy of Bitcoin. Back to the topic, Blockchain technology is very helpful to streamline the performance of large companies like those 2 companies you mentioned that are very concerned about efficiency in everything.
249  Economy / Economics / Re: Why we must study Economics at University? on: June 22, 2018, 04:16:38 PM
Actually it’s not really necessary but if they understand it will be very useful in their life after or while in campus, especially for their finances and careers, but also it must suits to the courses they take or could also be additional classes or specialized organizations for that matter.
250  Economy / Economics / Re: What happnes to BTC,if the oil price goes up? on: June 20, 2018, 07:22:19 PM
The oil price is going up and many people expect it will go above 100 USD per barrel,or even 120 USD per barrel.How this will impact the world economy and the cryptocurrency prices?
I have many own theory about this and I will share it later,but know I'm waiting for other opinions.
Is this good or is it bad for bitcoin?
I don’t see any relation between Bitcoin and oil, Bitcoin’s price won’t be affected or maybe even if it affected the price won’t move too much. This indirect relation of Bitcoin to altcoins is directly related to oil, Petrocoin for example. But I am open-minded to every possibilities and the theory that exists.
251  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it better to have many altcoins or it is enough to have few? on: June 20, 2018, 04:28:00 PM
The advantage is if everything successful of course you will enjoy a very refreshing result but if you follow too much ICOs without reading the whitepaper carefully and choosing without a right thought then it could become a boomerang of the decisions you make.
252  Bitcoin / Bitcoin Discussion / Re: BTC Whales are playing a dangerous game on: June 20, 2018, 04:27:17 PM
The Whales could possibly destroy BTC!

BTC Whales control one third of BTC

The Good news is the SEC are investigating Whales for market manipulation.

If the Justice department can link a whale to a futures position that was say SHORT and then find out the Whale dumped a mother load of BTC on the market it will be jail time for those involved.

The SEC are watching these Whales so they would want to be careful!

In my opinion the whales are running scared and that is why the market is in the doldrums.

ETH whales are also being watched carefully!

https://steemit.com/crypto/@greenlife500eu/bitcoin-whales-and-how-they-control-the-market
Whales are uncertainly responsible for the current market conditions that (may) experiencing difficult times, the price is seems testing the support, maybe it’s getting ready for a long trail ahead and hopefully that trend is a positive trend for investors.
253  Bitcoin / Bitcoin Discussion / Re: Does world cup Football 2018 not have any effect on crypto market. on: June 20, 2018, 04:26:39 PM
I hope during world cup football the price of bitcoin will increase. It has been started, but I see no effect. It is a big event of the world. Does it not bring any value to bitcoin.
Yes, of course, bitcoin will get benefit from this big event. The merchants in Russia will gain profits from this event, including the merchants who receive payments through Bitcoin. If we talk about the amount, gambling sector will give the biggest impact.
254  Economy / Speculation / Re: Bitcoin price stabilizes? on: June 20, 2018, 04:26:06 PM
Your joking right? Bitcoin won't be stable until minimum 50k and even then I think it will take until 100k to have enough money in the market to be quite stable. I would argue we need at least a trillion market cap before we see any real stabilizing from Bitcoin and even then probably not. The US dollar has 1.56 trillion in reserve notes and that is one country, Bitcoin is an international currency so for it to be stable it probably needs 5 trillion + at bare bones minimum.
You are the one who do make a joke i suppose. Price wont really be stable we do know that it cant really be regulated unlike on local fiat currencies which is centralized which means prices can really move anytime into any direction (high and low). Even btc would reach up 100k price per coin it doesnt signify it would come to a stable state soon.
No matter how much bitcoin users are it will not stable, how bitcoin will stable? No one manage Bitcoin and no taxes from bitcoin in every transaction dunno when it will be taxed. Bitcoin is very extreme in value and it’s very difficult to predict when the price is rising or falling.
We’ll see in the future will bitcoin be stable or still very extreme as today.
255  Economy / Speculation / Re: Will Bitcoin remain dominant on: June 18, 2018, 09:15:44 PM
Do you think Bitcoin will remain the most dominant coin both short and long term? Even though it does not remain the most dominant coin, this will not be the same as saying that Bitcoin won’t exist long term.
For now I think it is very difficult to beat the unbeatable, altcoins still follow the flow of Bitcoin’s price movements. To overthrow it from its throne, a coin must be the center of transactions that used by everyone and must be better in terms of technology than Bitcoin and also have a more solid community.
256  Economy / Trading Discussion / Re: Buy in or opt out? on: June 17, 2018, 08:40:11 PM
With the markets experiencing a fall that kicked in around 24-hours ago and Bitcoin falling down to the 6,700$ mark, would you buy in or opt out?
Relax and don’t panic, it will recover. If people panicked and sell them then it will worsen the market situation and it will be more difficult to recover.
But if you have enough funds you can start to buy some bitcoins to be your trading capital.
257  Economy / Economics / Re: Bitcoin business success on: June 17, 2018, 08:39:49 PM
I;m interested, since bitcoin isn't that much widespread yet, how are businesses (that are directed towards bitcoin only) doing? Is it paying off or is there some serious profit involved?
To start a business offline or online it all depends on the products you sell and the offer for customers. If you make a very good product and bought a lot by others then your business will go forward. Then to start in bitcoin I think you will need a huge capital to buy bitcoin.
258  Economy / Economics / Re: Simply predict the future of bitcoin on: June 17, 2018, 08:39:19 PM
Maybe there will be more Bull Runs then bitcoin’s price will be high again. But predicting bitcoin is very difficult. No one controls it and the price is very difficult to guess. But if you believe in long-term investment I think bitcoin is a good investment than any other investment to earn huge profits.
259  Economy / Economics / Re: What is bitcoin backed by? on: June 17, 2018, 08:38:53 PM
Bitcoin is not supported directly (offline) by the people in this world, unlike fuel if the price goes up a demo will be held to lower its price.
Bitcoin is supported online and with the trust of every people in this world who believe in bitcoin. Because bitcoin holders believe that this digital currency can help the economy in the future.
And I also support bitcoin with my belief in bitcoin although my support only has very little effect, but if many people are same as me then the small things would be a big influence for bitcoin.
260  Bitcoin / Bitcoin Discussion / Re: Bitcoin Ban In India on: June 15, 2018, 05:52:42 PM
There is not any ban on Cryptocurrencies in India as of now. The Finance Minister said in his statement that Bitcoin is not a legal tender, but didn't call it illegal. The government welcomes blockchain technology in its payment gateway systems.
You do have to pay taxes on the profits you earn through Cryptos. It attracts a tax of 30%
Wow that's a pretty huge amount figure for taxes up to 30%. It looks like the government of India will gain great tax profits from crypto if altcoin is used for payments in India. I think it’s good because the government of India accepts the cryptos without having to limit the cryptos in India.
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