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BCH is jut another altcoin for me, an altcoin that was made just to get people's attention off of bitcoin a bit, it has no good concepet it does not bring anything new to the cryptocurrency, it is just an idea that they want to force it and to make it successful of the back of the bitcoin name, i mean it explains why they increased the mining difficulty of bitcoin and lowerd the mining on bitcoin cash just to force miners to switch to it last week to secure its network because it was not successfull at launch and they didn't want it to fail miserably.
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"Anti government" probably isn't a fair description. "Anti big government" may be more accurate a term.
I think most recognize citizens of a nation don't need to pay 40% to 50% real tax rates to fund schools, roads, police & other socialist programs. If state programs were run efficiently the cost should be far lower. On a subconscious level people recognize the system is broken somewhere, even if they aren't aware of details relating to specifics.
In the 1600's the working class enjoyed 189 holidays or days off per year. Today that number has been reduced nearer to 104 on average. It probably doesn't take a genius to realize the hours of the average work day is increasing, wages are decreasing while rent, taxes and other liabilities are going up. In the 1950s many could afford a new home, new car & other luxuries with only 1 person in a household working full time. Today to afford the same luxuries typically both parents must work full time. The dream of being a home owner, putting ones kids through college, being able to afford healthcare. All of these things are becoming increasingly difficult to achieve.
Then there are the long list of broken promises politicians have made over the last few decades. The inability on the part of the state to prevent disasters like the economic collapse of 2008, which many economists predicted 2-3 years in advance. The inability to fix basic issues relating to job markets, outsourcing of jobs, taxes, deficit, debt, streamlining of operations, fixing of healthcare, etc.
Decentralization also is not "anti government". Its moreso dividing power and influence in such a way as to make it difficult for systems to become centralized and exploited.
You have a great brain. Really, we have already tired from our government, politics, tax rates... As I understood, you live in US — and it isn't as worse as in Europe. Look at Russia, its neighbour countries — their life disgusting. Double-digit percent for house load, cars load, people haven't got enough monet, taxes always increase under the motto "your future will be better than your parents have, just wait some years". Politicans always lie to electorat, the last believe in that bullshit and nothing happens. Sorry, I lied to you. Our life become a shit, we must learn English, work hard, earn money, and can't but even a flat, that costs less than $ 100,000... Free medicine is too expencive, free education is too expencive, it is disgustingly. I understand your hatred for the goverments and i truly supported because i live in a country where life is really shit, i mean if you compare a worker from a 3rd world and a worker from the us or europe that is doing the same job, the 3rd world worker gets paid way to less than the other one, all of this is because of the goverlents, because they controll our lives and force us to do things we do, goverments were made to be a pawn in the people's hands not the other way around, in this world 90% of the world's goverments are courrapted because anyone who enters it even if he has good intention gets blined by the greed and the power and this leads to an unstable level of power between the countries, what makes the europe or the us different from the other countries, we all have nearly the same rsoureces some have more but they are still behiend and still have bad econnomy amm because of the corupption that is the goverment, and for that reson we hate them, and we thrive for a way out of thier controll and for this we use bitcoin in order to improve our lives that are bounded to this reched world that is courrapted by goverments and politcis, a world where everyone is blineded by their greed and love for power and money. |
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Does anyone on here think that there is ever going to be Bitcoin Bank, be it something which is centralized or something which isn't really doesn't matter. But I'd think of this as a company, or a union (like one of those credit union banks) where loans would be given out to people with trust, money is held, and so on and so forth.
I know many think that they can escape banks, but they are insanely helpful and trustworthy for many everyday people who we'd want to join into the BTC community.
This is a good idea but Bitcoin Bank should have a big difference on fiat banks, of course anonymity should still be maintained trust ratings will depend entirely on the persons account performance on a certain website or forum not his personal performance. It may be more difficult to manage this kind of bank than the existing one. I mean why bother the whole idea of using bitcoin is to be your own bank, and be in control of your own transactions, all that banks do is hold your money and ask for fees when doing transaction, using online wallets for bitcoin lets you decide how much fee you send, and you can access it at any time and anywhere, the only way i see bitcoin banks working is if they allow you to exchange fiat to bitcoin and vis versa and only then it would be a good idea especialy for the new users and the poeple who are having a hard time getting it. |
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One simple reson, because bitcoin has a limited supply, initialy bitcoin was created with 21 million btc available, and with it being a new idea people wanted to support so they started mining it and buying , and thus lead to a high demand a demand which was not fully fulfied as the diffuclty of mining started increasing, and this made the price goes up, which made bitcoin famous which lead to even higher demand, so in the ned you have a big circle of demand, that makes bitcoin what it is today.
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I think many more good coins will also gain momentum in their prices.Not only ETH or Dash, i see product based ICO's will definitely be motivated and also see good returns on them in the next few years. I still feel ETH is trading in its early ages and has a long way to go , so in the case of ETH i will be patient and wait for the prices to reach resistance. In case of Dash, growth would be little slow compared to ETH, this is only my prediction as ETH is based on grt technology.
I beg to differ with your idea that ETH is slow, right now ETH is witnessing some good actions, espasialy with the ICO's that are being created, which what makes etheruml the next big currency after the bitcoin, in my opinion the customization and being able to create your own coin, is what makes etheruem a good currency, it might not reach high prices like the bitcoin but the number of poeple that will be using is what is going to make it a valuable thing to have, and that is the problem with people's visoin they are blinded by thier greed and they go after a coin just because it has high price not because it has a good concept, they use cryptocurrency not as they are intended to be, they use them for investment. |
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I think for long term it would be ETH, even though ltc was created bfore Eth it does not prove to bring anything differnt from the bitcoin, that is why poeple just think of it as a copy cat, eth on the other hand brings so much more than a currency, it lets poeple create thier own currency and deal with it, and i think for this reason that we are going to see ETH get more and more popular in the future, a great proof to my idea is that there are so many ico starting up and making announcment on this forum and this means that it is getting popular quickly.
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in this forum we have the same chance to be able to get bitcoin even with different background and skill.
which is my question is why at first when we first know our bitcoin eagerly surge, day and night are always online, but when it reaches the level of senior level member it is saggy, what tips do you use so we keep the spirit in collecting purse bitcoin purse?
Everyone in thier lives and in any domaine not just when starting off at bitcoin, poeple tend tp be more eager to know stuff to mearn more and to work hard to be able to get as much knowaldge as they can about the thing that they are doing, and when it comes to users on this forum it is no differnet, when you are first introduced to it, you start off as a newbie and you basicaly have a limited idea about what you are doing, so you browse the forum every day, asking questions searching for awnsers and was to improve the income you make from bitcoin, but as time goes one and as you gain more knowaldge, you tend to find less and less things that you already don't know, i am not saying that we know it all about bitcoin we are still learning day after day, but at this point you already have the general idea, and all is left to learn are the details. |
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Well, looking at the charts, i really cannot blame anyone calling bitcoincash a bubble. Because the very fast price increases just looks too fishy to me. And maybe that is what other people has seen also. That is why they get a bit too skeptical about bitcoin cash. I respect people who support it but, i ain't gonna be one of them. Ever. I didn't even bother to get my bitcin cash from the fork because i simply do not believe in it. But we'll see..
I think it as simply a strategy just to make people ùine bitcoin cash to secure its netowrk since it had a rough start and no one really cared about it, so they increased the difficulty on the bitcoin and lowered the one on bitcoin cash just to make poeple mine it, and this made some people switch to it, and soon after more have joined in, until it got its price to nearly 2000$, at this point people came to their senses and went back to bitcoin, and left bitcoin cash to go down again. |
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With the price proving to be able to start climbing up again after a drop last week, it would be a bad idea to start selling now, bitcoin have a high chance of reaching 10k before the end of the year, since it had a huge popularity this year with its famous price increase people have been trying to get a hold of it as much as they and this created a huge demand, but then again we don't know for sure, after all this is crypto world and it is hard to predict.
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Laundering is used if the moeny is used for illeag activites, it is true that bitcoin provide its users with complete anonomys transactions, and the banks and goverments and banks can not track the flow of the bitcoin, and this created the perfect way for criminals to do their illeagal activities, so if you are not using the bitcoin for the wrong purpouses it is not considerd laundring, and laundering is not made just by bitcoin it could be used by any other mean, like gambling or investing in stock market.
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Some rumorus about Bitcoin going to 10k before Dec2017... is possible?
Yes, Bitcoin will eventually reach $10,000. There’s just no doubt about it. But for it to happen this year may not yet be feasible. Most probably between $9000 and $10,000. I just don’t know if there are enough days left this year for the rise and fall to land at $10,000 on or before end of 2017. But who knows...  After the new of the hard fork getting canceled many people thought that the price will go down, and they immediatly switched to btc cash, which had a bit of a rise last week, but soon after everyone came to their senses and relized how wrong they were as the bitcoin price started to rise, as we speak the price is nearly 8000$ and this is already a big step, there is a good chance that the price will go up to 10k by the end of the year, but the real question is what is the reason that is going to push the price toward that point. |
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There is just too much negativity around people when it comes to the word "invest".
They already think it will need a lot of money or it will be 50-50 percent chance that you will profit or not.
In short, they think they could lose all their money or win at a higher amount.
If that could be changed then it will be easy to invite people to use bitcoin.
I agree apart from being afraid of investing popele still unsure about bitcoin, because bitcoin is a new type of investment that has not been not created by goverments or banks and it is not controlled by anyone which makes its market unpredictibale and unstable, a lot of investors and normal poeple still think of it as a big risk to put thier money into it, but all this fear will cause them to lose a great oppurtunity to make a good profit while it is still new and poeple wanting to support it, because bitcoin is not just a type of investment to make profit, it is an idea that revolutionizes the way we use money. |
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Hi everyone, I just wanted to say that bitcoin casinos are so much better then normal one's, most of the bitcoin casinos have instant cashouts when you look at normal casinos it takes atleast 5 days to get the money to your bank account. BITCOIN CASINOS ARE THE FUTURE!  With the bitcoin transaction getting slower by the time, i don't think that bitcoin gambaling will live on, at least some of the gambling sites, i mean i used to play some sports gmabling on one of the best gambling sites wich was DirectBet, i used to put my bet and send my coins and instantly gets confirmed bu as the transaction got slower and the fees getting higher som any people were not able to do this anymore so the site shut down, the core element that diffenciates bitcoin gambling from real money gambling which is faster transactions was removed so you would be saving yourself a lot of money if you go to a real casino and use real money rather than jut wasting bitcoin that you could save and earn a lot from it. |
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why bitcoin mining difficulty is increased?
I just want to knows that why the bitcoin mining difficulty level is increased and i am afraid of the life of future miners.Maybe in future the miners electricity will cost more than our rewards because of the difficulty level.
It is being done to stabilize the value of Bitcoin. If it is not placed in the system. Anybody could mine Bitcoins. Well the mining difficulty is always related to the amount of computing power that the bitcoin has , and as we all know in the recent months bitcoin has gained a huge popularity due to its hyge price increase which meant that it brought with it many people who want to get some profit from it and this created even more computing power than before, and so to ensure that the avrage block solution stays the same the mining difficulty has to be increased, otherwise the supply that we from bitcoin have will get depleted so quickly. |
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I think the title says it all. After a long time of thinking, reading and also investing a bit into Bitcoin I have to say that it looks for me that the main use is actually just pure Investment. It always looks like that everyone just talks about how great the Technology is although they secretly want to get super rich with a always raising price. Of course it's used with several shopping or daily things, but that's just such a small part of it. During that, people who don't want to take the risk to invest call it a "Bubble" and people who don't want to lose their money just make kind of stupid speculations without any arguments. In the end (just my opinion) the price of Bitcoin is controlled by all the media (that's hyping bitcoin and talking about it everywhere) and all the really big bitcoin whales with e.g. like 10000+ coins can actually effect the market the most. Imagine what a few people with a huge amount of bitcoins could work out together to control the market and making money. It's just weird, because it turns this, what everyone calls it, great technology in the end just to a fully commercial object to earn money. Which would be probably also the reason why it stays and raises all the time, because it's normal that everyone wants to make a big amount of money with this little effort. Let me know what you guys think and please don't give me this non argumented one liner like in all the other threads Well at first bitcoin was meant to be used as a currency, a payment method that will change the way we use money on the internet, a system that gives the power and control in the hands of the people who use it, but just like gold at first it was used as a currency but since it started getting popular and people started to mine it quickly and due to its limited supply, it became an asset a precocious thing that people race to get their hands on and save it, and this upped its price and became a type of investment. |
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Yes buying Bitcoin will be better than mining Bitcoin as the difficulty has raised very much and the competition has become very tough for mining BTC. Besides that it also takes a lot of hardwork to maintain the equipments and electricity cost just eats up the whole profit. On the other hand trading is a lot easire than mining. It would be easy to just buy BTC and hold it to gain profit.
I agree buying bitcoin and just holding it waiting for the price to go up to make profit is a lot easier than just having to worry about mining equipments and electricity usage, when it comes to mining you need not only a constant high flow of electricity but also you have to upgrade your equipment each time the difficulty of the bitcoin is scaled up, I am not saying that it is not profitable, in some areas where electricity is chep people can make a decent profit, but it is much harder and more complicated than just a simple buy and sell and requires a lot of planning and research. |
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It's not the 'price going down' of btc that makes people nervous, It's the huge increase of BCH at the same time is the one that makes BTC holder nervous and shaken! The situation makes people wonder , the whole crypto world is not any different than the FIAT currency world. The group of elite is controlling the whole industry. Whenever they want, they can pump and increase the price of any crypto and make some other currency go down!! It's all same bullS** at the end of the day? This ceases the whole purpose creating cryptocurrency...   I mean we have faced and gone through too much to just give up now, all the poeple who have used bitcoin for quite some time know that whatever happens the bitcoin will always come back again, and lets face it we have invested in this cryptocurrency world, and these currencies are unstable and could have dramatic increase or decrease at any time, and they are hard to predict so people might be switching to btc cash but it is alos unpredictibale and it could go down at any time, all we can do know is just wait and see what the next few days will bring. |
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Actually, we can buy goods from amazon by using purse.io, it is a vendors that help bitcoin users to spend their bitcoin. We only need to choose the goods that we desired to buy on the wishlist then put the wishlist in purse .io then wait somebody to buy the good using usd then we get the goods and the person who buy the goods using usd will get our bitcoin.
There are hundred of ways where people can use bitcoin to buy things from amazon, but they are all indirectly, it is not wethere it is possible or not, it is about acceptence, if bitcoin gets accepted as an official payment method, because not only it eliminates any third party sites for us and removes the extra fees, but it is also more convinient becuase we would be able to use bitcoin at its all potential, and also it introduces more poeple to bitcoin who maybe haven't heard of it up until now, and they would be curious to know about it when they see it on amazon. |
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Bottom is still not in sight, and for that reason it's pointless to act like the storm is over. I understand that positivity helps people moving them over whatever market situations, but being realistic is more of value right now. It will take days for the storm to calm down, and as long as that isn't the case, we should prepare ourself for even lower levels. For me it's not really a big deal since I cashed out some of my profits on time, and for now wait to start buying back. I will start buying the first batch of coins as soon as the market dips under the $5500 level, and continue buying down till the bottom.
I understand you point of view, but there is no guarantee that the prices are going to get any lower than this, i mean the prices have been oscillating back and forth for the past tow days, and this fall in price was due to the mining difficulty going up which leaves many transactions unconfirmed, and i am sure that this is not going to last for long unless they want bitcoin to go dow, so this is might be the best time to buy. |
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I can buy bitcoins only. Bitcoin is the real king. King of all crypto currency. Many people telling nowadays that bitcoin cash is the new bitcoin, I don't agree with it. Bitcoin is bitcoin!
Me too! I can only buy bitcoin. You cannot betray something you are born with. For me, bitcoin was born within me. I cannot just let it go and buy another cryptocurrency. Plus, the value of bitcoin is higher than the other ones. However, I am not able to buy bitcoin with my current state. I am dealing with some financial problems, but once they are fixed, I will be buying some bitcoins. I believe in bitcoin. I agree, tehre is no other coin that will take the place of bitcoin both in our heart and in reality, bitcoin is just more than an investment to me it is an idea a dream that many of us support, all the poeple who have used bitcoin for a long time know this and never give up on it that is why it always comes back again, and if other people want to switch to btc cash just to get a bit of profit than they are stupid, and soon they will regret it. |
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