To me, cash will be removed from the earth by 2035 because the era is the technology era and we don't need paper banknotes anymore. This will take too much time to get in the new era, but I'm sure we'll do this within 15 years or so.
IMO, you are quite a bit over-optimistic. What about countries such as Congo and Angola, where the vast majority of the population doesn't know how to use a smartphone? Forget such countries. Even in developed nations such as the United States and Japan, you will find a lot of people who don't know how to perform digital transactions. |
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Earlier, I used to struggle a lot to pay my rent and utility bills. But the profits from my Bitcoin holdings have made my life much easier. In fact, what I earned from Bitcoin was much higher than what I got from my regular job. If the prices increase a little bit further, then I will be seriously thinking about buying my own house (with at least 30% down payment).
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More and more countries are banned bitcoin then this becomes a free publication that will make a lot of people curious and finally buy bitcoin, I think bitcoin banned from Indonesia will not affect anything because previously there has been the largest country of bitcoin users that is china.
And what happened after Bitcoin was banned in mainland China? Most of the users joined crypto-exchanges based in Hong Kong and South Korea. Exchanges based in South Korea in particular have seen their user base getting multiplied by many times during the past few months. The same will happen with Indonesia as well. The users will just join exchanges based in Singapore. |
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Join bitcoin signature campaign. They pay weekly or monthly. It is easy to reach 1 bitcoin if you have higher rank in the campaign. If you are really desperate then find many faucets and save it for trading.
Two things. First, many of the established signature campaigns have closed down and new campaigns are not coming up. It is extremely difficult to get in to any of the active campaigns now. And secondly, the earnings from signature campaigns can be quite low. At the best, they can be a passive source of income which can supplement the earnings from your regular job. |
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some countries are beginning to view Bitcoin and digital currencies with different perspectives, and try to enforce the rules of the digital currency. Regularly its regulation is not the cause that is supported by all parties. But in the case of Bitcoin, regulation is a gift. Bitcoin regulation is something that is supported by the Bitcoin community around the world.
Regulation can be a gift, as long as the users are not harassed by the government authorities. There are some countries where Bitcoin is banned (such as Nepal, Bangladesh and Kyrgyzstan). I would say that regulation is better than an outright ban. But still, if regulation means discouraging the use and harassing the users, then I am against it. |
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Of course, I want to be rich.I think, each and every people in the world who has sensitive and initiative mind wants to be rich and establishes in the world.I think all of us want to be rich.
Yup.. It is the basic human psychology. Perhaps there is 0.001% of the population who doesn't want to get rich. But there will be the remaining 99.999%, who will do whatever it takes to get rich. Check this forum as well. 99.99% of the users want the exchange rate of Bitcoin to go up, so that they can get rich (I myself have seen a 3,000x increase ever since I started collecting BTC). |
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Everything will depend on the tax rates. I don't think that the South Korean authorities will be stupid enough to enforce both VAT and capital gains tax at the same time on Bitcoin users. A 1% to 2% flat VAT will be OK with most of the users. And the rate of capital gains in South Korea is 22%, which sounds somewhat reasonable for me.
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Why we are comparing Bitcoin to PayPal? Bitcoin can be defined as either a currency, or as an investment asset. But on the other hand, PayPal is a payment processor which makes use of fiat currencies such as the United States Dollar and the United Kingdom Pound. We can compare BitPay with PayPal, but we can't compare Bitcoin with PayPal.
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Will bitcoins be recognized by the Indian Government ?
Bitcoins are already legalized by the Indian government just few months ago and most of the Asian countries are started to legalizing bitcoins after India made bitcoin legal in their country.The current president of India want to go cashless economy so they are encouraging all their countries in India.And If you want to buy bitcoins in Indian currency you can buy them st localbitcoins.com because one of my friend from India trading bitcoins through localbitcoins exchange and Indian traders giving us best offers for us than other parts of world. Don't give false statement on the forum...try to do a handful research before posting. BTC is never been legal in INDIA, still indian govt. is unable to take any firm decision on crypto-market. Recently Indian finance minister states that they do not recognize BTC as a legal tender (though its not illegal to hold or trade it). Even Reserve Bank warned investors about BTC in a informal tone. So BTC legality is not clear in INDIA but soon a firm decision will be made by indian govt on its regulation and trading. Hmm... what you have posted is closer to the real ground situation. And from what I have heard, the Indian authorities are closely monitoring the crypto usage within the country, especially after the trading volume surged during the demonetization drive. Currently they are compiling the database of traders with significant volume. But there is nothing to worry about. |
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Just ignore these sort of mails. It shows that the sender is unable to hack in to your wallet and is desperately trying to extort money from you. But at the same time, it is worrying that he came to know that you are holding Bitcoins. I would request you to immediately increase the security of your wallet, by adding 2FA.
They are actually just spamming harvested addresses from spam-mail databases. They know NOTHING, these disgusting fake-hacker tards. The email where I received that threat is one that I never used on any exchange/webwallet etc.  Then there is nothing to worry about it. But I am sure that a lot of noobs are going to fall prey to such dirty tricks. I feel pity about them. Everyone should remember that purchasing the Bitcoin is not the end of the job. The real effort is to store it safely and securely from the hackers and wallet thieves. |
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How can this stupid bill be implemented? Unless the user is either converting the crypto to fiat cash, or purchasing something using it, the authorities are never going to find out about his holdings. And even if the coins needs to be converted to fiat, the user can travel to another country to do that.
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The chances are that the prices will undergo another round of rally once the futures listing is completed in CBOE and CME. So I would advise everyone to increase their coin holdings, provided that Bitcoin is not accounting for the majority of your portfolio.
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You need to pay like 15-20$ fees to get your btc under 2hours. You should convert it to ether it's still cheap and you get them under 12 min.
The problem is that the Ether prices are not very stable. It can go down by 5% or 10% in a matter of few hours. If your overall amount is small, then you can convert your BTC to ETH and then do the transaction. But if the amount is high, then it is better to pay the necessary tx fee. |
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Will Blockchain.info credit our wallets with BTX airdrop coins, just like what they did with Bitcoin Cash? (They took almost two months to credit the wallets, but the coins finally arrived without any deduction). Just hope that it happens with BTX as well. Just makes life a lot easier.
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The last time I checked, the minimum fees required was around $8 per transaction. Nothing is working right now. After SegWit2X was cancelled, this issue just exploded all of a sudden. Never before I had seen 200K+ unconfirmed transaction.
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I guess for now, a lot of people are selling their altcoins to have some stock of bitcoin. well, bitcoin prices will probably continue to rise until the end of the year, or even until next year. so, do not be surprised if many people are looking for bitcoin,
That is the right strategy, IMO. A lot of people have invested in the alts, thinking that the BTC prices are too high. These people don't realize that the alts are not capable of giving the returns like Bitcoin. Their value is purely based on speculation. And when the alt bubble bursts, these guys are going to lose up to 99% of their investment. |
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Just ignore these sort of mails. It shows that the sender is unable to hack in to your wallet and is desperately trying to extort money from you. But at the same time, it is worrying that he came to know that you are holding Bitcoins. I would request you to immediately increase the security of your wallet, by adding 2FA.
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You need to be specific. "Asia" is not a nation and it is a large continent. And the status of Bitcoins there vary from country to country. In certain countries such as Japan and Singapore, Bitcoins are 100% legal. Then we have countries such as India, where BTC is neither legal nor illegal. And in the end, we have countries such as Nepal and Kyrgyzstan, where Bitcoin is banned altogether.
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actually I just saw it on a documentary. they may be using anonymous bitcoin transactions, so they can make transactions for criminals freely. but for now, it may be tracked if there is no mixer inside.
Bitcoin can never be 100% anonymous, even if you use a coin-mixer. Remember the Sheep Marketplace robbery? The thief (Thomas Jiřikovský) was caught despite using more than one mixer to hide his transactions. And recently the cops in Denmark arrested a few drug dealers after tracking their Bitcoin transactions. |
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Ridiculous beyond all thresholds. If $1,000,000 = 0.01 BTC, then what is going to be the value of 1 BTC? $100,000,000? If that is the price of one coin, then what will be the market cap of Bitcoin? Let's do the math. It is going to be $100 million x 21 million coins = $2,100 trillion. This is 7 times higher than the total global wealth.
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