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281  Economy / Economics / Re: Fiat Vs Cryptocurrency, which would you choose? on: December 21, 2019, 04:02:12 AM
What do you think the reason for choosing Cryptocurrency? For example, what happens when a state or its citizens exert pressure? They buy vpn services to get rid of internet censorship. They can't do it with a credit card. They are followed. With Bitcoin you can make this payment. People are being pushed to use Bitcoin!

This is just one of the main characteristics that bitcoin do really emphasizes that really attracts the attention of people. Being anonymous in spending money is quite a good services and in addition, if they will figure out about the decentralization of bitcoin and crypto then they might pursue making it as their main currency completely. Because to think of reason how cryptocurrency becomes better that fiat, there is limitless possibilities of things that it could deliver, from making transportation easier, sending money anonymously, making fast transaction, and even incorporating the technology behind cryptocurrency which is the blockchain to develop dApps that could possibly benefits the whole country. One example of it is to have a blockchain based identity system and election voting system.
282  Economy / Economics / Re: Crimes involving crypto have risen on: December 21, 2019, 03:42:13 AM
Currently, fraudulent crimes involving cryptocurrency are on the rise. Cybercriminals are developing new and more sophisticated ways to upset money flow. In 2019, the total amount of damage related to cryptocurrency scams and theft has risen to $ 4.4 billion.You are investing in digital money beware of scams. Protect your money with solid Bitcoin wallets.
We couldn't really escape the fact that as our technology and security features for the applications that we are using is increasing, the certainty that criminal activity and vulnerabilities are also developing. What is happening is that, we are just riding the time where security and vulnerabilities becomes complex and complex. With this, it is not enough that we just trust the security of our funds to the features offered by the thirdparties we trust. We also need to make our part as a responsible user to keep us away from vulnerabilities.
283  Economy / Economics / Re: If we can see a country with 'Bitocin standard' monetary system on: December 21, 2019, 03:07:24 AM
No fake money but lot of hackers would emerge. For a third world country, I think it would be hard to achieve. A third world country is still a developing country. My country is a third world country and I know that my country isn't ready to adopt bitcoin standard. We're being left behind with technological advancement, so it's hard to adjust with this kind of changes, everyone would swap from fiat to bitcoin.

From time to time, what I've figured out is that, what people especially citizens from a third world country lacking that is considerably the root why they aren't having a financial stability is their lack of knowledge and awareness to technological innovations. Most of the time, they mind is close when we are explaining how good bitcoin is, mainly I can consider it as a low level financial literacy.

Because believe me or not, I do really think that only financially literate individual could really manage to utilize bitcoin in productive ways why? because we need to understand how risky it is to serve us our currency because of volatility, and we need more time and effort to figure out altcoins.
284  Economy / Economics / Re: Question about MarketCap and Cashing Out on: December 21, 2019, 02:56:02 AM
I don’t think a sell has anything to do with market cap because there is both a seller and a buyer.  You are selling for 100,000 but someone else is buying for 100,000.  I think the market cap is based on the value of each Bitcoin which is 100,000 in your example.

The case here is the amount he wished to sell which will not be recorded on the blockchain. With that, I don't think the entirety of the market cap will be affected if you are to sell your bitcoin outside of the public ledger which is the blockchian. One other thing to consider if they are selling huge amount of bitcoin and to escape the higher fees with it is to sell the entire account itself to the buyer, which is for me, not really beneficial to the growth of the market and will just exploit vulnerabilities to our identities.
285  Bitcoin / Bitcoin Discussion / Re: Speculation will drive the btc ride further as always on: December 20, 2019, 11:01:46 AM
I also really want bitcoin to be able to raise prices at a higher price level, indeed everyone has their own speculations but who is really right to be able to know for sure no one will know that, so what I want is that bitcoin raises prices higher so that other altcoins can also rise far above prices at the time of the ICO, and I really hope that throughout 2020 the market will move again to raise the old and new altcoins to be able to appreciate again.

The opposite would be a good thing, because for the other people to also benefit from the market, it is better if the market price becomes lower and reach an all time low again, that would probably be the signal for small investors to accumulate huge amount of crypto and a signal as well that the bull will arrive and could reach the ATH again. With this, we can maximize our profits because for the market to continue raising way up high at this time, I might be too selfish but I think my hodlings is quite not enough for me to celebrate the future's bull with regards to the bitcoin halving event.
286  Bitcoin / Bitcoin Discussion / Re: One solid reason that I came across for the need of BitCoins. <Be Your own Bank> on: December 20, 2019, 10:02:16 AM
What are you talking about? Crypto is sort of like stocks. You making good points for crypto but then you say banks are needed? This makes no sense to me. If society was based around the use of crypto like it is fiat then everything would work exactly like it would now how it is with fiat, it would just be crypto. Right now crypto is still new and experimental. It doesn't help having shitcoin and those who support it either. They damage the name of crypto. Like how the did with ICO projects.

Basically the other cryptocurrencies are just dividing the amount of investment and funds that worthy cryptocurrency should have. Instead of people buying bitcoin and other top cryptocurrencies, they fund altcoins though there are altcoins that have potential in the market, it is still a need to understand that not all will be profitable in the future, so to solve this problem, we should support only cryptocurrencies that do really have the best capabilities and capacities that could possibly make new things possible.
287  Bitcoin / Bitcoin Discussion / Re: Crypt is now legal in Ukraine on: December 20, 2019, 08:47:53 AM
it is actually a good news, we hope that in this country it's also getting accepted the Bitcoin or even crypto in general cuz crypto is labeled as an illegal thing here although it doesn't. it sucks to see this but we have to just make sure that bitcoin is not fully banned on this country.

Well, not just in Ukraine, but we need to make sure that bitcoin and cryptocurrency should be well allowed and not prohibited to all the countries in the world. Because the first thing we need to mae sure for the development of cryptocurrency is the market adoption, and with some government banning cryptocurrency will make the adoption less possible. So, encouraging people to properly use cryptocurrency without harming the government is a must for them to avoid banning but to support cryptocurrency in which adoption could happen.
288  Bitcoin / Bitcoin Discussion / Re: STOP BUYING BITCOIN NOW!!! This coin is crap on: December 20, 2019, 08:17:36 AM
I think he just means China control it because of their mining domination and is upset about it feels its unfair. Being unfair is they only think agree with this user saying. Other then that they are talking crap. The user sounds very angry about something or another. I wish they would explain why. Or its just a FUDster without anything better to do. At any rate bitcoin has proven itself over and over so who cates what the OP says.

There's only one reason why people could hate bitcoin and cryptocurrency the most, in the case of the OP, he might invested too much and putted his trust to bitcoin with an all out investment and might turned out to lose in the market. With that, it is reasonable for some kind of him to hate bitcoin but with that, it is not the best way to express your anger but to turn your mistake to something productive. It is not late till now for you to earn in crypto, you just need patience to cope up with the market and avoid what you've done before.
289  Bitcoin / Bitcoin Discussion / Re: Never possible earn free bitcoin without work. on: December 19, 2019, 06:42:20 PM
me too, join signature campaign to earn bitcoin is best way for me. i think there is no way to earn without work but in signature campaign you can earn bitcoin free or without modal. then the result of signature campaign i use and try to little trading to get extra money. its worth for me to earn my bitcoin every day

Does it mean that we can earn bitcoin without doing anything? In signature, we post, we share information to people, replying comments is not that easy, you need verification to ensure that you send the best answer to any inquiries that you could relate with, you need to research updated facts because mostly we are dealing with technology and these technology is always improving. Basically, it is not easy to earn money in signature campaigns because you need to work hard and stay professional as you can.

If you want free money, you should also be willing to give money as well, and with this, you can try gambling.
290  Bitcoin / Bitcoin Discussion / Re: After years in this space...I am now a BTC/ETH maximalist (Both are important) on: December 19, 2019, 01:35:02 PM
From my first of working i am in love of ETH because ETH team has strong planning and platform yet. In 2018 we saw ETH team's strong work behind market when ETH down into position 3 in CMC market. I had hope about Waves but now weaves position are 64. This is only bad team work. So when we compare everything in market ETH is best after BTC.

That is in face, based on the coin market capitalization of those coins which determines how many people are having that money. What about if we consider the frequency of transactions that people is conducting using a particular cryptocurrency, it would be better to consider that stable coins are those that do really helps with people, and without any high ranking in CMC, we all know how important stable coins are and how we benefit from it over time. Going back to the topic, I could say, ETH and bitcoin are the two best investment crypto but not necessarily saying they are the best among the rest.
291  Bitcoin / Bitcoin Discussion / Re: This is very bad for the European crypto community! on: December 19, 2019, 12:49:55 PM
If the regulation only implies going through a KYC procedure I am ok with it as I have nothing to hide, but they should rise the penalties for misusing the personal data we provide to these companies and the procedures they need to follow when collecting data for KYC. As a client how am I ensured that the data I provide don't get into the wrong hands?

In the first place they don't need to make something strict to happen with their platform with regards to their KYC process, because it is in fact a good thing to consider that many countries do have their laws concerning identities and personal information. A false identity could be raise if someone isn't complying with the rules and regulation of the platform. In addition, there are many privacy laws concerning the proper and improper use of information especially if they aren't using real identities.
292  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Gold? Which one you would choose to invest for long term? Why ? on: December 19, 2019, 11:55:39 AM
Pretty good question. The price of gold at this time is quite high, but gold will not lose value like bitcoin. If it was me, I would still choose to invest in bitcoin to make a profit. If gold for long-term investment should not be

I don't think it would be a great idea to think about gold losing its value, because for me, there's no way people would sell gold for cheap market price, it isn't like bitcoin that the market price solely depends on the demands that it has. My idea is like this, since they are both valuable, an investment could be backed by investment as well, so why not use Gold to back bitcoin up in the market? With this, the value of bitcoin will be even higher considering that a great asset is supporting it.
293  Other / Beginners & Help / Re: Fees on: December 18, 2019, 05:05:25 PM
It looks like the fees charged by the exchange when making a withdrawal, it is not a transaction fee but it is a withdrawal fee which has been accumulated with transaction fees. Indeed, on average all exchanges provide a flat fee for each coin withdrawal and the fees also vary.

What do you mean accumulated with transaction fees? Because as far as I know, withdrawal fee is somehow the same as a transaction fee because we can consider taking money out of the exchange as a transaction already, then we shouldn't not separate the transactions fees and the withdrawal fees as they both contribute to the increase of market price of cryptocurrency. For example, if we are to create transactions in cryptocurrency, we need to accept that not the entirety of our offer will be delivered exactly how much it should be. And that is because of the transactions fee as well.
294  Bitcoin / Bitcoin Discussion / Re: 10 Reasons Why Bitcoin Is Strong Today And Will Continue To Grow on: December 18, 2019, 04:35:59 PM
Im tired of banks owning my money and doing what they want with it. I would rather keep crypto and make interest off of it then let it sit dormant in a bank. I know im not alone and it is a reason much people use crypto and this demand only grows not goes down. Not having to deal with third parties is the best thing for me. Having privacy is huge for me too. Being able to earn something that can never be taken from me. You just can't beat that. Fiat cant compare. It pales in comparison in every way.

I consider this as the other side of the opinion I have, first, I do not really consider banks to be a third party that isn't really contributing to the development of the human kind. One thing we need to know is that banks aren't just using our money, they are allowing it to cycle to make the economy active and alive, with this, they help investments to grow, lend money to investors and help us gain interest. Basically, the regulations are being carried by them not just for their growth but also to the growth of the community. I am not pro banks, but I think we should also consider knowing their advantages because cryptocurrency replacing fiats for me is still unprepared especially in keeping the country in unity. What about considering a good harmony between fiats and crypto? with this, our transactions will be smoother and government will allow us to develop better technologies in the future concerning digital cryptocurrencies.
295  Economy / Speculation / Re: Bitcoin dips below $6600 ,contract trading, the best way to speculation??? on: December 18, 2019, 04:14:36 PM
Contract traders are also the same as the normal way of trading in my view. With contract trading a contract is made between the trader and the exchange which means if the prediction goes right he'll be profited and this is a kind of gamble with the price variation of bitcoin. With common form of trading instead of a contract the trade is set to be executed when specific value is reached.

This means that they just invested the same way as it goes with the generic way of investment or trading. In this regard, I don't see the best out of speculation using contract trading, because you could possible obtain what you could have in the standard way so why to ask for other options? Would it be just make things worse and complicated? Unless the profit that you could get will be comparably higher that the usual ROI. But it is still depends on a person on how he/she will utilize his/her investment to gain more.
296  Bitcoin / Bitcoin Discussion / Re: Indian State to Train 20,000 ‘Blockchain Experts’ by 2022 on: December 17, 2019, 03:54:54 PM
This is a welcome development by the Indian state authority to train 20,000 people in blockchain technology It obvious that they are trying to imitate China recent announcement of adopting this technology this is indeed a great news to cryptos enthusiasts its aftermath would greatly has a impact towards more recognition of cryptos globally.

Are they going to choose some participants or those who are willing to take the courses of blockchain technology? Because I think what is better is to have a course or even just a subject that will focus on understanding blockchain and developing some blockchain based applications. But before this, It is a requirement that a student should have a base knowledge and should taken up computer courses because mainly what it will focus is more on hashing algorithms, encryption and security.
297  Bitcoin / Bitcoin Discussion / Re: Why are the world’s governments not using cryptocurrencies? on: December 17, 2019, 03:22:55 PM
Who said governments are not using cryptos. In some countries government backed cryptos are already in existence and in some it is in the process of creation. Government might not support decentralized cryptocurrency like bitcoin but is not really against the blockchain technology or creating a cryptocurrency of their own. The advantages you listed is the sole reason these governments are venturing into cryptos. If it goes successful, they might altogether shift to cryptos in coming years from fiat.

Tracing back to the history of financial system. If we are to think about who started using the system of trading using money, it is not the government that really started trading, it is by the people who are travelling and meeting other in the foreign lands, and in fact, they've just decided to have a unifying currency when they realize they need it for unity. But before that there is a currency already.

What this means is that, as long as government aren't prohibiting us in using cryptocurrency, it will be a way for the transition, we all know that a revolution is effective when there is many supporters. As long as our numbers are multiplying, no government could stop it but to accept it, still, we are bound to their responsibility of regulating it.
298  Bitcoin / Bitcoin Discussion / Re: 10 Reasons Why Bitcoin Is Strong Today And Will Continue To Grow on: December 17, 2019, 02:55:10 PM
I do agree with your reason, bitcoin is a good option to invest in long term. But i am wonder that will more people find out interesting point to invest into bitcoin. Bitcoin tech isn't new and could not be change, so can bitcoin compare to new competitor in the future.

Imagine this analogy, papers are old, but still we are using it despite of developing technology where we could write using tablets, smartphones and computers, just like in bitcoin, what started the concept of cryptocurrency will still remain on top of the line. Paper was before a papyrus and right now, it has been developed and refined to better quality, what will happen is that, people can still develop bitcoin, but the fact that bitcoin will still be the same as it is is what could possibly happen.
299  Other / Beginners & Help / Re: Can i Bitcoin or not on: December 17, 2019, 02:31:31 PM
Do you mean to tell you about the best methods for buying? I'd use one of the top crypto exchanges, but be ready to pass KYC.
that's the problem with this thread there is no clarity if what is really asking by the OP we all speculating about what is the true needs upon asking this.

but you have mentioned exchanger on what?of course only exchange can offer us Buying and selling not unless P2P options.
better for Him to use either exchange or if there is some place like Local wallets(if available in their locations)

for OP buy now or be late next year since halving is coming.


We might get confused about what OP is really asking but since there are already suggestions about exchanges, I think what OP is asking is what particular coin or cryptocurrency could we buy from the money he have, I am not really sure if he is really telling the truth about spending that huge amount, but what I can recommend to you at this time is to wait further, The market is at 6850$ per bitcoin as of the moment based on the CMC, and I see it will continue to decline a bit, so you, having 5000$ would be great if you could wait till the price meets your funds, so, you will have exact 1BTC for you to hodl and you just need to wait for profits.
300  Bitcoin / Bitcoin Discussion / Re: How long will existing encryption last? on: December 17, 2019, 02:11:48 PM
Although there is a danger to the blockchain, it is still theoretical, expected in the future.
But there is a danger of today, proving in which unsafe world we live, proving the shortcomings of old key and password technologies.

Here is just one example from the press, read a couple of days ago:

"Specialists found on the Web a database with unencrypted email addresses and passwords for more than 1 billion users. Most of the data was a leak put up for sale by a cybercriminal under the pseudonym DoubleFlag in early 2017."

It is just in a matter of regulation that each website should follow. I believe that in most countries they have their regulation and also for integrity purpose of each sites, they need to hash or encrypt all the information that is critical for the users. There is already been a wide span of choice for them to choose, there are many hashing algorithm that they could use, even a very easy one which is the MD5 is already good, but if they could use stronger algorithm such as SHA256 then sites will be reputable and information would be safe and secured.
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