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1  Other / Off-topic / Re: Young people should go all in on bitcoin on: October 03, 2017, 02:43:22 PM
Youngsters can try for bitcoin.  But they have to be very careful. This technology can be complicated. Protect your investment. Learn about hot vs cold wallets. Software and hardware wallets. Learn about your keys and how transactions are signed and broadcast onto the network. Your knowledge will become the best measuring stick of value. Don't get overly concerned will the $ exchange rate at any given time. That's not the same thing as value.
2  Economy / Economics / Re: Appreciation of bitcoin on: October 03, 2017, 02:17:00 PM
The price of bitcoin is up over 250% since last year, but acceptance of the cryptocurrency as a form of payment among top merchants has declined.
 Research said"bitcoin acceptance is virtually zero and shrinking," despite its impressive appreciation. According to the bank, last year bitcoin was accepted at five of a group of 500 top online merchants. Today, only three of those merchants accept bitcoin as a form of payment.
3  Economy / Economics / Re: Bitcoin is Becoming a Global Currency on: October 03, 2017, 02:03:15 PM
It is estimated that 51% of Bitcoin users are outside of the United States, so the idea of separating global currency from the U.S. is feasible. Several countries and thousands of vendors are already accepting Bitcoin technology as a form of payment, which means this adoption of payment will only grow.
4  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin Die Because of China? on: October 03, 2017, 12:21:12 PM
Initial reports from Chinese media that the government plans to close down domestic cryptocurrency exchanges have seen the virtual coin shed more than $100.  Bloomberg and the Wall Street Journal also reported that the country is planning to shut down digital currency exchanges.
5  Bitcoin / Bitcoin Discussion / Re: What do you think are the biggest disadvantages of Bitcoin? on: October 03, 2017, 12:09:48 PM
Since Bitcoins do not have a physical form, it cannot be used in physical stores. It would always have to be converted to other currencies. Cards with Bitcoin wallet information stored in them have been proposed, but there is no consensus on a particular system. Since there would be multiple competing systems, merchants would find it unfeasible to support all Bitcoin cards, and therefore users would be forced to convert Bitcoins anyway, unless a universal system is proposed and implemented.
6  Bitcoin / Bitcoin Discussion / Re: The Coming War Between Digital Currencies on: October 02, 2017, 08:50:02 AM
Bitcoin has been one of the best performing currencies this year, lately trading above US$3,000 per coin. It has attracted the savings of many Chinese investors, as assets with high investment returns remain scarce on the mainland.
7  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin be used by ordinary citizens? on: October 02, 2017, 08:17:32 AM
Bitcoin is usually used by people interested in technology. I mean, persons with a certain technical knowledge are interested in bitcoin.My observations are that way. I think Bitcoin needs to reach larger quantities.
8  Bitcoin / Bitcoin Discussion / Re: Why Cash is better than Bitcoin. on: October 02, 2017, 08:09:08 AM
I think bitcoin is also a good way. Bitcoin is one of the very good choices here as it’s digital currency. You can store your bitcoin even on a piece of paper or use physical wallet. Some rich people who would like to hide some part of their wealth from bank/security accounts. The Swiss bank was a good option to do it but not anymore. The common way is to put cash or valuable goods or commodities but those take-up spaces and you need to find safe space to accumulate them.
9  Economy / Speculation / Re: how to predict bitcoin price increase or decrease? on: October 02, 2017, 05:24:14 AM
Bitcoin's price has the potential to hit over $100,000 in 10 years, which would mark a 3,483 percent rise from its recent record high, an analyst who correctly predicted the cryptocurrency's rally this year as per nes reports.
10  Bitcoin / Bitcoin Discussion / Re: How do you keep your bitcoins? on: October 02, 2017, 05:00:48 AM
Actually i use to convert my BTC in my currency immediately because of need of money. But one can keep it and sale it when the prices are at higher side. If your wallet stores a large amount of Bitcoins make sure to keep it in what is known as cold storage. Cold storage means your wallet isn’t present on the web or on any other computer. An example for cold storage could be a paper wallet or a flash drive that has your private key encrypted on it.
11  Economy / Economics / Re: Future of Bitcoin Economics on: October 02, 2017, 04:44:23 AM
I can say bitcoin future will be great. Bitcoin is big business the combined value of coins in circulation is now $40bn. The number of transactions a day is approaching 300,000 on average, generating a trading volume of $1.5bn. And bitcoin has become a global platform for hundreds of startups, offering services from trading the currency to providing market data and operating bitcoin ATMs.
12  Economy / Economics / Re: How to double your money using BTC? on: October 02, 2017, 04:29:47 AM
Its not the case that we can directly double it.  I can say you will get profit more than double but market situation matters most. or double your bitcoin, please Be realistic, Here is the crowdfunding system,This system is MEMBER TO MEMBER , 100% legal By using the transparent people-to-people online crowdfunding system, members fund and receive payments from each other so, I hope it is the best and transparent way to earn bitcoin regularly.
13  Economy / Economics / Re: Do you use a Bitcoin debit card? on: October 02, 2017, 04:18:45 AM
Is really bitcoin debit card exist???  I am anaware about it.  If anyone knows about it please give me some idea about it
14  Economy / Economics / Re: Government & Bitcoin on: October 01, 2017, 09:29:03 AM
Bitcoins may be considered money, but not legal currency.  The Ecuadorian government has issued a ban on bitcoin and other digital currencies. The National Assembly of Ecuador banned bitcoins including other decentralized digital/crypto currencies, due to the establishment of a new state-run electronic money system.
15  Economy / Economics / Re: Appreciation of bitcoin on: October 01, 2017, 09:22:55 AM
The much talked about ride is on, to bullish. Who is riding with it ......
Shocked

I didn't support bitcoin when I learned about it 4 years ago. I admit that it was a bad decision, if I could've supported it, I would've been a millionaire today. So, now that I'm back. I'm going to support and trust bitcoin with all I can, and keep investing and holding bitcoin.

I don't feel the way you feel bro because I started getting into bitcoin late but my philosophy of life is in this respect is that, it is never too late to join. Remember there are other skeptics out there that are in our shoes back then. Ride on...


I also could have been started before few years. Same here might be now i could be rich enough.  But now  also its not much late.  I am earning good with bitcoins.  Bro remember something is better than nothing.  Start now.  Its not too late.
16  Economy / Service Discussion / Re: motorcycle loans using bitcoin? on: October 01, 2017, 08:59:53 AM
is there a motorcycle dealer / leasing accept credit payments motor using bitcoin?

i haven't heard yet mate the last time i seen here that there's a car dealer who accept bitcoin but regarding to motorcycle there's no update yet, but for sure with bitcoin really getting more popularity we will expect business establishment to cater such system, likewise that we are also waiting for more ways to use bitcoin in our daily needs.


Same here.  I also not yet heard about bitcoin loan and all. But i wish that it has to start soon as bitcoin popularity is increasing day by day .  But my other mind is saying that still most of the people dont know about bitcoin thats why government is not interfering right now.  If its happened that 99% population comes to know about it then i think may be government will take some step.
17  Economy / Economics / Re: Is bitcoin a good way to invest your money ? on: October 01, 2017, 08:53:16 AM
I heard that bitcoin is a good investment for making a huge profit in the future , is that right ? Because i want to buy some bitcoin in these days .

It will become a good investment if you will able to managed it properly and make it successful. Majority of investments have huge profit in the future but if on the way you wrecked it then that is not considered now as a good investment on your part. Sorry for the loss then.

Even all of us here will told you to buy bitcoin but didn't do anything to make your investment be success then the suggestion is useless. If you want to invest on bitcoin, then go buy it now and face the risk.

Its not much risky to invest in bitcoin.  Only the thing is you have to confirm the market condition of bitcoin.  If prices are less then buy it. N if the are increasing then sale it out.  Its the different strategy you have to be careful about it.
18  Bitcoin / Bitcoin Discussion / Re: Bitcoin is changing the world. on: October 01, 2017, 07:34:31 AM
Optimists predicted that Bitcoin would do something similar in the financial sector. Before Bitcoin, sending somebody an electronic payment required a bank to act as a trusted intermediary. Bitcoin uses sophisticated mathematics to secure transactions instead, making banks unnecessary. There was just one problem: Bitcoin was way too difficult for ordinary people to use. The software was complex and cumbersome. The value of the bitcoin currency was volatile. And Bitcoin users faced a constant risk of having their coins stolen by hackers.But Bitcoin’s early backers said not to worry about this. After all, the early internet was also cumbersome and hard to use. But then people invented technologies like web browsers and smartphones and online services like Amazon and Facebook that made the internet accessible to everyone.
19  Bitcoin / Bitcoin Discussion / Re: crypto currency discussion on: October 01, 2017, 07:11:03 AM
A cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency.Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.Bitcoin became the first decentralized cryptocurrency in 2009.Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. Bitcoin and its derivatives use decentralized control. as opposed to centralized electronic money/centralized banking systems.the decentralized control is related to the use of bitcoin's blockchain transaction database in the role of a distributed ledger.
20  Economy / Economics / Re: Do you think billionaires invest in BTC? on: October 01, 2017, 06:59:53 AM
I am fairly sure that billionaires invest in Bitcoin and other crypto's, but the thing is that they prefer to remain in silence, out of the publicity.

It has always been like that ~ the most wealthy entities remain in silence when it comes to investments and gains, where others (e.g Kim Dot Com, Max Keiser) start being loud for no reason.


I can say that they must be investing in bitcoins.  Because once person go at higher position they used to find out other ways of income having minimum government interference.  It can be good option for such people.  Right now normal people are also earning good ammount so may chances that billionaires are earning by it.
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