When I say ideal I mean: - People cannot born them from blown air and some day they will not be able to earn from coinbase's rewards.
- Over time, it will still have value.
- It cannot be spoiled by human.
- It is decentralized, no one controls it.
- You can send/receive the currency really quickly.
And how do you conclude that the above mentioned parameters will denote an ideal currency? What about speed? What about stable value? What about fair distribution? An ideal currency doesn't exist in real world and bitcoin is not even close to an ideal currency! Well, I didn't thought of these. But about stable value, we determine it. We just have used to compare bitcoin with dollar. Imagine if there wasn't any euros or dollars. Just bitcoins. I think it would mean stable. But obviously, these fiat exist, or they literally co-exist. Also, we cannot simply compare Bitcoin with dollar or other fiat because these coins have different 'platforms'. Also there are differences with regards to their market value and value stability. Their similarity is only being a currency. And that I think is not enough to draw a conclusion from such comparison to which coin is ideal given that both of these currencies are being used by people at this time. Nothing is ideal, this is the bottomline. Currencies are serving their purpose and development would determine which would benefit us humans, more. Stability alone is not enough to make a currency 'ideal'. I don't want to say that what I see now is an ideal currency, because it has both advantages and disadvantages. But I do not deny the fact that bitcoin is the basis for creating an ideal currency system.
Yes, it's a great basis. Now open up the blocks, add privacy, and replace PoW and you're talking next generation of money. Given that change is inevitable, there is a possibility that there would be something that would be more advantageous, which invalidates the claim that bitcoin is the basis of an ideal currency. If you would be futuristic, you should have a good foundation. Bitcoin is facing issues regarding mass adaptation, and that is already a flaw of it, being a currency. |
|
|
|
If only humanity is using free energy that was built by a brilliant scientist Nikola tesla then they wouldn't have to dig mineral sources till its last drop and now they're wasting tons of it but in the near future im sure it will all be dried up with nothing and that leaves our vehicles and electronics and power plants nothing to use.
Chances are high that the world will be lack with natural resources due go the excessive use of it. The ideas of Nikola Tesla are more making sense at this moment that modernization and technological developments are now being seen to most of the things people of this day are using. There are even debates concerning if his ideas were more acknowledge before, things could not be as worse as what we are experiencing. My idea to this is that, his inventions were too early before for other people to support , familiar with talks regarding which would power the world in the future? Whether it is Tesla's AC or Edison's DC. But personally my view would go for tesla based from what I have read. I know that if this idea becomes a reality, it will have a very bad impact on the environment. The fumes from burning excess oil will cause the greenhouse effect on the earth. Especially, the air is heavily polluted with toxic substances. Many people will suffer from respiratory syndrome such as pneumonia, shortness of breath, chest pain due to breathing in too much of these toxic fumes.
This would really be a bad thing and I doubt no other countries would oppose to such actions because it is obviously harmful to our environment. Also, it does not make sense that they spent money, time, and manpower in order to search for oil then will just dispose it using an improper way jist because they are lacking storage. Indeed natural resources would regenerate but for sure, the manner of how fast people are extracting it from the nature would slow down the recovery, worse it would destroy it. |
|
|
|
|
The larger your capital is, the bigger the profit could be. This is the idea to both investment and trading. Ofcourse, profit will not always be assured in trading because there's still risks of losing especially whenever we are experiencing 'bad' market behaviors. Hundred dollars won't be enough to trigger huge income, it would seem to be that an individual will have limits in particular with coins choices, which would require him to have the best choices in every trade unlike if you would have a bigger capital that will allow you to spread your resources, the more trades, more chances of earning profit.
But that depends on your aims as a trader. If you want to go slow, then it would be fine. But as I have said, if you want more for your profit, you must be ready to give more in order to earn more.
|
|
|
|
Bitcoin can never be a commodity, commodities by definition have some sort of industrial utility, and Bitcoin was created to be digital money. So, you are comparing very different things when you ask about Bitcoin being a future of global economy, because it has nothing to do with definition of Bitcoin.
As for the first part of your question, it's very unlikely that Bitcoin will become "the future of the global economy", the adoption rate is extremely slow, and governments can easily reduce adoption if they will feel threatened by Bitcoin. But this doesn't mean that Bitcoin is losing or that it is useless, millions of people find it useful.
In the aspect that bitcoin would be the 'future', it is a bit sketchy at this moment despite of the adaptations being made by economies of different countries especially those wherein cryptos are being used nowadays. What makes the vision blurry, is the issues being faced by not only bitcoin but also other cryptos with regards to the market price volatility, decentralizations and other matter we know, slowing down the acceptance of such technology. What gives a possibility is the demand of blockchain related skills by many companies nowadays, given that it has a strong relation with Bitcoin, so I doubt it would only end up as something being traded due to lack of stability in its price, which could either be good or bad in some periods just like with other goods in the market. Digital currencies would more likely be the future but we are lacking assurance that it would be bitcoin that will represent what future would look like, since there are other digital currencies being more widely used by this time. It would mainly depend on how will its futher developments become. |
|
|
|
So here's my update for week4!! This is the update for bustadice: This is my total profit for: BTC: 0.00082706 USD: 97.2 PHP: 4,791  This is the update for Yolodice: This is my total profit for: BTC: 0.00147812 USD: 107.36 PHP: 5,303  Here's the spreadsheet:  The profit this week is little bit higher last week and it's been a good week for yolodice! What are your thoughts this week?  |
|
|
|
In every online casino's I always look for ripple cause it's the best! ripple instant transaction is no.1. I don't want to lose bet for example: I just got rekt so I need a instant deposit to play again, ripple is there just 1 click and your balance will be refilled. Bitcoin transaction speed is a shit, so it's really better to use ripple instead of bitcoin (for me). When you are gambling and want instant transaction I highly suggest that start using ripple right now |
|
|
|
Lot 2 - .014 let me win this guys  |
|
|
|
I think they already know that it's going to happen in the future, small miners will have to disconnect if they will not upgrade their equipment, that's the how the game is played here, if they are willing to continue to the business, they should prepare for this upcoming halving, and we also have our rule to help increase the price of bitcoins so miners will survive.
There is nothing left for small miners to choose from, either they need to expand their operation to sustain their expenses relative to their suppose income but I don't think they have the guts and money to do that since there are already big players in mining industry and upgrading might be just failure in the making. These miners should be focusing on mining alternative coins, those coins that has a huge potential to play along with such great contenders. I hope the last thing in their mind is to disconnect from mining. They knew at the very start that this time is going to happen, they are not that dumb to not to think of the halving that will come at them especially to small miners but, what I really doubt is if they have a savings from mining because as far as I know they are only getting enough to make a daily living and the expenses they are generating from electricity consumption, So if happens that small miners are really urge to continue mining they should be putting a lot of money too, like a new capital however you are correct that the competition in mining after halving will get higher due to cut of supply and rewards. Small miners are in dilemma right now, whether to continue or disconnect. |
|
|
|
This time it is possible that bitcoin will return to the ATH level but provided that the economy must recover in time. Now people are holding a lot of cash and they don't dare to invest yet. We are all waiting for confirmation from the WHO or European countries for disease control. That news is really important and a prerequisite to help increase the price of bitcoin. So from now on let's pray for the disease to be controlled soon, we will have a chance to invest with a very high probability of winning.
Although bitcoin can reach all-time high again, we still need to wait for some time because we don't know when the bitcoin price will increase so high and will be more than $20k. People now are waiting for the next update from their government so they can know what they should do because of the pandemic still not over. But the bitcoin halving can be the best time for bitcoin to lift the price to the highest price and maybe we will see another ATH soon. Mann, the pandemic has nothing to do with bitcoin, the halving is still going to start and I am sure that the bitcoin will reach it's new all time high! Let's just see the chart history of bitcoin and we can see there that every halving the bitcoin price is going to up! It happen twice so I am sure that this time, history will repeat itself! Let's just get ready and ride that or go all in for long on leverage trading hahaha LOL |
|
|
|
If you only want to learn about Poker, and you don't want to use real money, you can try to use Texas HoldEm Poker on Facebook. You can play that game while you connect to your Facebook account, and you don't have to worry with depositing the money to play Poker. I think that can entertain you while you can learn Poker from that site. You can watch the lesson on Youtube.
You can download it at the playstore/appstore too! I usually practice there but the intensity or the pressure of the real game with money involves is nothing. I highly suggest to play with a little amount of money so you can get the vibe and the excitement of a real game, playing with 10$ will really teach you how the opponent move and you can get a lot of knowledge there.  |
|
|
|
the problem today is its hard to find good and valuable bounties.. unlike the past years you can find those bounties lining up in the bounth thread
Yeah right, back then the chance of getting profits from bounty hunting and even with airdrops are high , you can get tradable amounts of rewards but now there are only few as in little chance to get to the project that will bring success and decent value after participating with bounty campaigns Bounty campaigns now sucks, 90% of it is not paying their bounty hunters and will just run after the campaign period like nothing happened then you'll see the similar faces after a month to another project promising again their participants to do good. We should have a different entity here in the forum for bounty campaigns, campaign should pay the forum first before start campaigning so everyone knows that they are true to their project or pay the bounty hunters weekly in USD currency like in weekly campaigns. I know it is called bounty for a reason, but we keep these things hurting the image of itself due to scam projects. its hard to pick and its more on luck most of the time.
The days are gone where you don't need to pick a project to join, every project back then is paying what you need to choose is a bigger project. I've miss that period. |
|
|
|
I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  I don't use bots and of course i don't recommend people to use it. I told couple of times before and i still tell people to stay away from any bots and trading signal channel. It might be help you to make money at first time but there is much possibility that you will lose your money because of that. So do your own trade yourself doesn't matter how much time you need to learn about it. Well there is nothing wrong to use bots but honestly bots are pretty helpful in times that we need them like trading while sleeping. Trading bots do have function and setting from the user which it will execute upon reaching the limit set, it is basically an extension of the trader's hand. I'm talking about the legit bots that you can buy in the market, and yes you read it right bots do have cost coz it is made by a programmer. There are some bots that you can acquire for free however I do not recommend you guys to get a help in random. Trading bot is a good alternative but if you can get the job done manually then why seek for a bot's help? |
|
|
|
I can suggest for short trading instead of day trading. Because market is very fluctuate so that day trading is very dangerous for crypto traders i think. but if you go for short trading you can realize market condition and can take time for next step that you can not get day trading. so be careful about day trading.
Yes, short trading is always better when the market is fluctuating because the prices may drop suddenly it will lead to losing huge amount of money. Day trading will be much beneficial to those people who have a huge amount of money because they will easily manipulate the market and makes them a huge amount of money. I must agree with it, I've been short trading since the price went up to $7500 to $7800 in just a day and that day is a hell of a luck for me coz I traded bitcoin in 125x leverage, I made a hundred of dollars in just a couple of hour. I'm not recommending you guys to do margin trading, but it's up to you, you can try if you want to do the risk more, reward more principle, just don't come at here again asking where you did wrong cause that would be a personal business of yours. Day trading is more profitable these days coz the market is on its price correction process before halving. |
|
|
|
I am one hundred percent sure that the time will come when the world will get rid of paper money and the cryptocurrency will come. Something Following the example of what happens in science fiction films. and I am also sure that the current generation of people is so used to using fiat money that they will not only not use cryptocurrency in everyday life, but will be able to counteract this in every way. But I believe that each person should have a choice and each should decide for himself which currency to use, fiat paper money or cryptocurrency, and state structures and the government should not impede this.
I am dreaming of that society structure too, but looking at that things now seems to be vague, in 2 to 5 years I bet we are still recovering from this pandemic which will be highly prioritize for most of the government so talking about this on their table is not that really needed. We know fiat is created with its inflation rate is indefinite, and I know people don't want that obviously, so they are most probably going after the decentralized one, non-govern means of trading, It would be great if it happens to become with bitcoin but that thing is very uncertain. |
|
|
|
You should worry about more taxes on cryptocurrency if you use cryptos for taxable events (trading cryptocurrency to fiat, or crypto to crypto, using cryptocurrency for goods and services, earning cryptocurrency as income). But crytptocurrency transfer and buying crypto with USD aren't considered as taxable events.
It depends on the country you are living if your country considers crypto as an asset then you may be supposed to pay taxes even for holding bitcoin. yeah it really does depend on the country, some countries are harsh with cryptocurrency to the point that they are trying to centralized the exchanges that is running under the government to impose for more taxes that hurt the users. So far with my country, it is very open to the idea of digitalization such as digital payments and cryptocurrency, however there are still some bad imaging that is circling around the use of crypto to scam gateways. Some countries consider it as an asset you you need to pay taxes for your capital gains and some other countries asking corporate taxes for the profits you made while holding cryptos.
Countries in Europe seems to be the friendliest among all the country, the first ever atm machine that supports cryptocurrency is built and now being used in Europe, I barely remember which country is it, but I'm pretty sure it is in Europe. |
|
|
|
If someone has proper knowledge about each position of that jobs, he can try to submit his application to them so who knows, and he can join with one or two projects which can help him to make money with them. I think with the pandemic moment this time, and many people stay at home, many companies will open offers to people who have skills so they can work with that company. Besides that, we are in the millennial era, which the technology grew fast, and we can work from any place we can, as long as we have an internet connection.
There are some legit jobs in line with crypto that is being offered but mostly it would be a physical job, like working in the office and being a part of a blockchain project, some sort of that stuff. You can also have work from home based job in line with crypto but I doubt you could easily get a position since we have many people that is wanting that kind of job set up. I've been seeing a trading job, where someone is hiring you to trade for them, there are chances that it might be true but the chances are higher that it is a scam. |
|
|
|
We are not really sure about that, but if it does go up, my net worth will be around that same range. I don’t know what you mean by 'bitcoin is decentralized in distribution of wealth'. From what I know, you don’t get more than what you invest unless you’re able to hold for long and the price goes up.
We are also not sure about bitcoin reaching $20K right? So it is not impossible to reach such high value too, the realistic value of course. But I don't see we are going to stay at that range, let's say it reaches $30K, it would not be always $30K like everyone's just holding it. At that time the bitcoin's value will be very unstable, economists will pop up like troll and will call it a huge bubble ( AGAIN ) I hope I'm right with bitcoin that it is creating a history right now with the world events that is happening. All these people you have mentioned here, apart from Satoshi Nakamoto who I don’t know his real life status, are all millionaires and billionaires already in real life. So I don’t expect anything less from them when it comes to this community. I am not trying to say that people can’t get rich here, but it doesn’t work as many think, it takes time and patience. The early investors were more lucky, the few of them that were able to hold till the bull run.
Just like trading not every one will win, half of the population here will lose and half will win, it sucks but that's how it really works. For early investors, those people who discovered bitcoin since the beginning at stayed up til now, I'm sure they're winning it. |
|
|
|
|
Show Posts
