Bitcoin is digital currency or known as the father of all crypto currency that has the potential to become the new money or the electronic money around the world. Bitcoin is also the most expensive digital coin and it is almost compare to the gold but why bitcoin is created? Here are some reason : * To change the perception of all people about the digital currency. * To improve the payments and transactions and in the internet world. * To become the image of money around the world. * To protect or hides the identity of the user, for security purposes. * To give an opportunity to all people around the world to earn a secondary income. * To upgrade the currency because everything in this world is now upgrading. SHARE YOUR THOUGHTS  If this post is worth of your merit, Thank you I don't know the exact why Satoshi created this kind of thing we called Bitcoin or cryptocurrency. Even satoshi hide its identity he/she such worthy of such a big praise and compliments. But in my opinion, may be bitcoin was created out of pity for people who are experiencing poverty, hunger or something that people could possibly experience when they runs out of money. And also, maybe for some convenience, and improvements for the world to be lifted up. |
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Really a good news indeed. This would have such a big effect to the market and to the cryptocurrency price as well, hoping this kind of news grow more bigger not only in Korea but in the whole world as well. If this contnues, then, it will be a good assurance that bitcoin could reach again its price way back last December 2017, a phenomenal milestone for bitcoin. |
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I just stop looking at bitcoin price. It hurts me actually, that's why I took this decision. I am holding few of BTC and I will not look at my wallets too for 2 months. I hope after 2 months when I will go to see bitcoin price, maybe I will scream happily. What about you guys?  Very good decision mate. You do need to stay firm or else you will lose your money out there. Maybe if I am holding bitcoin right now I would probably do the same thing. Don't let such negative situation affects you, stay in your lane, just keep on focus or else you will regret it all later. |
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Satoshi definitely saw this as a strike against the malignant forces that national fiat currencies and the parasitic monetary/finance system has become.
Enslaving us all in unpayable debts and endless taxation for wars and bankster bonuses ... it is now a criminal system that will go down in history and those at top aren't doing squat to change it, except personal enrichment. (Oh but we are chasing bad guys playing poker online, trading goldbits and smoking weed on their couches ... whatta a load of BS).
Great objectives though. One of the greatest hero of all time, he haven't received any special awards have he? Well, why does he keep hiding all time around he do need to be praised he have a lots of credit to gather. He might be famous although Satoshi is somewhat popular eventhough we haven't seen him yet. |
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From a "lets make the world a better place perspective" should we support only bitcoin right now or altcoins also?
Well, if we support only one side don't you think that it is somewhat bias. If you are really that concern about cryptocurrency and to the cryptocurrency community as well it would be probably a very good idea to support both side. Since, they both have the same purpose in our life and lots of people does depend on cryptocurrency. |
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I don't think so, well, it may be sound so easy since bitcoin is decentralized however bitcoin is in this world for a long time but I haven't even see or read yet a single news that bitcoin has been hacked. Well, the people itself is the one who had been hacked or for short they got scammed by their fellow mates or bitcoiners. In addition, as I see maybe bitcoin could be hacked once the crytpo is in our virtual wallet now. |
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Over 900 Million pesos worth of bitcoins been scammed.
Filipino couple amasses at least P900M in alleged Bitcoin scam.
MANILA, Philippines (UPDATED) – Police have nabbed a couple promising easy wealth through popular cryptocurrency Bitcoin, Philippine National Police (PNP) chief Director General Ronald dela Rosa announced on Tuesday, April 10.
Arnel and Leonady Ordonio were nabbed by PNP Criminal Investigation and Detection Group (CIDG) operatives – the police division in charge of high-stakes and high-profile crimes – in Vigan City last April 4 through an entrapment operation.
The scam, Obusan said, is structured like a pyramid scheme but with electronic money.
The Ordonios apparently had middlemen who lured people to invest. They promised to pay victims with their earnings every 15 days.
Fueled by the worldwide Bitcoin hype, more and more people were baited by the Ordonio couple's promises.
The complaints started piling in when investors lost contact with the Ordonios.
Whats happened next?
Around 50 angry victims stormed to Camp Crame on Tuesday, asking the couple if they could still get back the money they had hoped would grow.
Will bitcoin be banned because of that?
I believe no. Since bitcoin was shown in the television in the show of "Ted Failon" many of us think bitcoin will be banned in Philippines or will be put a tax because as it shows it said many people was scammed because of bitcoin, but the reason is they were scam because they have lack of knowledge about bitcoin, they were entering scam sites. The truth is many people in the Philippines was helped by bitcoin to earn money and to be successful, so there are low chances that it will be banned. |
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why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
In my own personal opinion, the reason why other countries banned bitcoin because they see it as a threat that it could replace the current currency and banks as well. Some thinks bitcoin is just a scam to trick people to invest their money in cryptocurrency, which is not but there are some scammers that you should really avoid. Hoping that their will be no banning bitcoin because it has a huge effect to its price. |
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[ https://medium.com/bitcoins-digital-currency/how-to-explain-bitcoin-to-a-7-year-old-a9a8c094feaf] How to Explain Bitcoin to a 7-Year-OldI’ve been explaining how Bitcoins work since 2010. Here is the simplest analogy I’ve discovered that explains transactions, anonymity, and coin production.
There’s a room that anyone can access. The room has security cameras that anyone can view, and every second of recorded footage is available online forever.
The room is filled with indestructible piggy banks made of transparent plastic. Naturally, these piggy banks have coin slots, and everyone can see which coins are in which piggy bank. These piggy banks can never leave the room.
Each person has a key that can open their piggy bank. Let’s say I want to buy a pair of alpaca socks, and you want to sell them.
First, you tell me which piggy bank is yours. Then, I walk into the room with a ski mask on. Anyone in the world can see me on the security cameras, but not my face.
Next, I unlock my piggy bank, take some coins out, then put them into your locked piggy bank. I leave the room.
Now, everyone in the world knows that your piggy bank has coins that were previously in my piggy bank. This is the case with every transaction, so everyone knows the history of every coin.
“So where do the coins come from? How did it start? Who got the first coins?”
There’s a robot in the room that runs lotteries. Every so often, this robot randomly chooses a piggy bank in the room, and puts 50 coins in it. When it first started, there weren’t many piggy banks in the room since nobody knew about it. Back then, it was easy to win the lottery. Today, there are millions of piggy banks in the room, so your odds aren’t very good.
“Ok, couldn’t someone make their own fake coins?”
No, because everyone has records of every coin in the room, and they know when the robot hands new coins out. If a fraud were to put fake coins into his own piggy bank, everyone would know that those coins were never handed out by the robot, and wouldn’t accept them.
“Who made the robot..?”
Supposedly it was a super genius Japanese man named Satoshi Nakamoto, but nobody knows for certain. Since the security camera footage is available from 2009, we can see that the robot was putting coins into a piggy bank since day 1. We assume it’s Satoshi, but that’s about all we know.
“… Crazy.”
From Tony Diepenbrock IV on medium. Or you can also watch this excellent video:bitcoin 101: https://youtu.be/Bhe61JaNFLU[/quote] It depends, in the age of 7 years old all it thinks is to play, not to earn because all their needs and wants are depends to its parents. I think the easiest way to explain and to teach a child about bitcoin is by showing him step by step and give him a video that is all about bitcoin to give him more intention to learn. |
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If gambling is illegal in your country, would you still gamble?
In my own opinion, if gambling is illegal in my country i would really stop playing because i could get more addicted if i did not stop and it is also for my good sake. I also agree that we can consider gambling as illegal because it gives us bad influences to us that may ruined our lives. |
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Guys ask lng kung magmimina po kayo ng bitcoin or altcoin pra makatipid po sa kuryente advisable ba gumamit ng solar panel with back up battery pra sa gabi po battery nmn ang mag papagana.. Or sa umaga lng po ang sollar panel tapos sa gabi kuryente na ng meralco po sa ganung paraan po mkakatipid ba ako...kahit makahal ka po basta makasulit lng po.
Salamat.
Sa aking palagay, walang ibang paraan upang bumaba ang konsumo ng iyong kuryente dahil magdamagan talaga dapat nakabukas ang pagmimina, kaya kung magmimina ka dapat may sapat kang pera upang may maipambayad ka sa iyong kuryente at internet. |
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I am also from the Philippines and i see it is a good news, but the problem is there are only few people who are accepting bitcoin as a payment and who understand all about cryptocurrencies and bitcoin because there are still many people who do believe bitcoin is just a scam and it is not true. Hoping that those people will now believe that bitcoin is a good way to earn money. |
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In my own personal opinion, holding a bitcoin is not like holding a gun because if it does there are no any countries starting to make bitcoin legal and many people would be afraid. Bitcoin is a good influence to everyone so we cannot relate bitcoin in any bad activities because it is all rumors that bitcoin is just a scam or a crime. |
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Illiteracy is the cause of poverty. We know a cup of coffee (Starbucks) = 20 notebooks, or a school bag, or two pairs of slippers for poor children in Vietnam.
In my own point of view, it depends because a child cannot fully understand bitcoin in a young age they still need a guidance from a adult, so they could use bitcoin and to help them lessen their financial problems in life. Bitcoin can really help poor children in underdeveloped countries because bitcoin is a great way to earn big profit that can help everybody to support their needs. |
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Currently, I think what affects the bitcoin price the most is the bitcoin, itself, being banned in multiple countries since the value of the bitcoin and the number of bitcointalk users is directly proportional to each other. When bitcoin users increase the bitcoin value also increases.So, if a country bans bitcoin the number of people who uses it within that country will be deducted to the number of bitcoin users and the bitcoin value will now decrease its value. I will also like to add the strict regulations that are being implied right now slightly reduces the users because many bitcoin accounts are being banned for disregarding the rules. I suggest that they further add campaigns to spread the new rules and regulations of bitcoin and the government of each country.
Yes its true the reason that affects the price of bitcoin from decreasing is because of banning it in other countrues that the government is afraid that bitcoin or cryptocurrencies will replace the original currency, banks, and etc. The number of bitcoin users has a reflects to bitcoins price because if bitcoin users increase, bitcoins value would increase too and when bitcoin users decrease, bitcoins value would decrease too. |
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Take a look around the crypto community, both in meatspace and online, and it would be fair to say that the majority of participants are male. This is borne out in a recent survey of 2,000 Americans which shed light on the makeup of the bitcoin space, highlighting a stark gender divide. In fact Google Analytics data estimates less than 4% of bitcoin users to be female. The question is, why? Source: https://news.bitcoin.com/why-arent-there-more-women-in-bitcoin/?utm_source=WhyIn my own personal opinion, the reason why there are only few women works in bitcoin because women are not that interested in invesment or any relationship with money and women just stays at home and taking care of their children letting their husband finds the way to earn money. |
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Have you ever thought about buying bitcoin for your children as a future investment?
Well i only buy bitcoins so i could support my family needs at home in the future. I usually do not need to buy bitcoins because i also earn bitcoins here in signature campaigns. Since i started holding a bitcoin it helps me to be a successful person and i see having bitcoin than real money can make your life more easier. |
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In my own opinion, bitcoin cannot end the world poverty because not all of them can provide a computer or smartphones so they could access in bitcoin. But i think bitcoin can lessen the world of poverty and to improve the economy of a country because it lessen unemployed people. |
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BTC was around $300 3 years ago. Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period Honestly, not all of us could hold bitcoin for more than 3 years because we cannot avoid spending a lot of money in a day or a month, aslong it is our needs. But if a person already has more than 3 bitcoin i think that person can hold bitcoin for more than 3 years without any difficulty in spending their money. |
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i'm just curious if how many percentage of all the people on earth know about Bitcoin. in my country i think only 10% knows about it. post your opinion guys.
In my own point of view, i think about only 70% of peole who knew about bitcoin today because since it started posting it in social medias and broadcasting it in television, bitcoin become more famous and more people become more interested to invest and to use bitcoin in their daily lives. But only 40% of 70% uses bitcoin because some of them are afraid to invest in bitcoin. |
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