Hmm you partially correct and wrong. Correct because yes, bitcoin has reached to the point that it actually remove the negativities of at least technology literate person. And it is also a wrong statement. Or is because yesterday might remove some negativities but majority of people as a whole, most of them still believe bitcoin is a scam like in our countries. It is because of the fraudsters available. |
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As quoted from CNBC there is a cryptocurrency will be zero. What do you think ? From : https://www. cnbc. com/2018/02/07/most-cryptocurrencies-will-crash-to-zero-goldman-sachs-says.html I think some of the coins can really go to zero. It is because some of the coins are not that really special and are just made by its developers for them to made money. They are just copy of some of the top or leading cryptocurrencies that is why some or most of them are ending sooner than expected. |
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This guy has lost 103 bitcoins he mined back in 2011 and then lost his wallet dat file similar to what I have done but wow this guy must be gutted the amount of money he has lost compared to me His Address 166BuLPWHUjqoqiYp5rGE3B5r5AmqgHpoL Final Balance 103.20832384 BTC So many people have the same problem and I wonder just how much Bitcoin is stuck not being able to be used  He says "I used to mine Bitcoin back in 2011 and I lost my wallet.dat file (through several stupid moves on my part). It's got approx 103 BTC in it, anyone is welcome to it, I've given up trying." Is this a joke? Seriously and kidding aside, I this this is too good to be true or can I say too good to be bad? Why? It is because it is a very large amount maybe today but actually even before it is a big amount in terms of the number of bitcoin. I am not that expert in Bitcoin but I think its if this is true, the owner is probably his fault if anyone had known his password because it's actually hard for anyone to hack a password. It is maybe because of his incapabilities. |
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Here's how I have been able to change people's opinion from being haters of Bitcoin to thinking about buying some and even some actually buying some.
I follow these 3 steps/rules that I made:
1. Don't get aggressive:
A lot of bitcoin denier get VERY aggressive about how bitcoin is a scam, don't get aggressive. If they are too aggressive and mad, just change the subject for the moment. No need to waste time.
2. Make them doubt their convictions.
Make them doubt that bitcoin is a scam or doomed to fail. A couple of examples that I use are:
- This is comparable to when people wouldn't want to use their credit cards online because they were scared of fraud.
- Bitcoin is far from reaching it's full potential, mass adoption takes a lot of time. This is comparable to when Amazon just sold books or Google was nothing compared to Yahoo.. remember Yahoo? (laughs)
- Crypto currencies are the next steps in the evolution of payment : Barter -> Precious Metals -> Paper Money -> Plastic Cards -> Digital Money
3. Mention the Coinbase $10 when you buy $100 in Bitcoin and then let it simmer...
Let them think about it, they will so their research or ask around. Most will come back to you to get your code for the referral bonus.
Do you have other arguments that you use? I'd love to know.
BTC: 3LcmdDp52oShwv9UTy55vX69JxEibEoKrw
ETH: 0xe822Dc108cb78C9137BF2D92429449B97F1415E0
I think the most frequent or the most used reason of cryptohaters is the scams that are happening. Many people are getting tricked by frauds and the haters used this argument. To deal with this reason, I think the best way is to show your profit or your bitcoin wallet to them. This physical evidence I think is enough for them to think that what you are doing is true. Also, try to tell them that it is not bitcoin's fault for some people to be tricked. |
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I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022), but the goal that it would be a legitimate alternative to inflationary government fiat currencies. When the altcoin market is examined, it is inextricably linked to the price of Bitcoin. Where Bitcoin goes, so does the rest of the cryptocurrencies. There's even somewhat of a dismissive attitude toward other crytpos in some investment circles; strangely this was a similar sentiment held by those "respectable" investors when Bitcoin was in its infancy.
What do you think? I'd love to hear from some crytpo veterans.
I think when we talked about if bitcoin has reached its goal, I think yes. I even think that the goal of the one who invent bitcoin had even surpassed his or her goal to the point that it has its overwhelming achievements. Even us didn't expect on what bitcoin is now. I think k when we talks about it's functions, bitcoin really has perform it's functions. |
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Legendary investor Tim Draper is confident that in five years all will use crypto currency. According to Draper, the technological shift that we can observe now will be more significant than the transition from the Stone Age to the Bronze Age. Answering the question about how he sees the current situation in comparison with the period when he invested in the technologies of web 1.0 and 2.0, he replied that web technologies and transformed the concept of information, while blocking has the potential to transform almost all industries, including government services.
Well, it is certain that for the next five years cryptocurrencies will reached the whole globe but I don't think all people will be able to use it. Yes the technology is getting advance and most of the communities are trying to cope up with the modern advancements but I do not think that poor countries such as the countries in Africa would be able to adapt, hence, they would be able to even know what cryptocurrency is. |
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So many countries now were prohibiting the use of virtual cryptocurrencies. And to think that many unemployed individuals were beginning to uplift their way of living because of their dealings with cryptocurrencies. Banks doesn't expressly say why it is banning the use of Bitcoin.
What do you think is the reason behind this?
The primary reason why banks and sometimes the government are scared of bitcoin is that they do not want to have a big competitor. As what you have said, many unemployed person and also those who wants sideline jobs do cryptocurrencies activities and for them it is a threat considering that it involves money. They know the potential of bitcoin that is why they do their first steps for them to at least minimize the reach of people to bitcoin. |
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Countries with large amounts of virtual currency transactions such as China, Japan, Korean and India with the increasing trend of many brands continuing to expand their payment operations in Bitcoin, this currency will rise to a peak of $ 20,000 in 2017.
However, recent bad news from Asian countries Bitcoin price is going down very fast. Yesterday bitcoin price continues to fall deep down to 8,200$ and possibly more.
In particular, China and India have a great influence on the BTC currency because the number of bitcoin traders is huge
I think the country that has the greatest influence in bitcoin is China for the reason that it has the most number of traders because we all know that China has the biggest population. Other countries that are coping up and also has big impact to bitcoin are Japan, South Korea, and India. Additional, I think Singapore is also a leading a country to bitcoin in terms of technology because their technologies are also advanced. |
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Lets give our own opinions in this thread and let's see what are the visions of any users here on forum on what are the things than can affect bitcoin community and value to improve more  So i'm the maker of this thread i'm the first who gives opinion here. My opinions are: - Spreading good informations about bitcoin can make it improve. - If big business will accepts bitcoin or enter bitcoin industry can improve our community because the more investors the more blessings to come  - Helping newbie investors to prevent scams can help our community because if they see bitcoin in their first invest are scam they would lose their trust in this kind of investment so as soon as possible help newbies to start in bitcoin journey. These are my opinions on how to improve Bitcoin community so what's yours? I think the best way to promote Bitcoin and to to improve to bitcoin community is to use social media. Even it looks like a cliche, but I think it is the best way. Bitcoin looks bad to general people because of wrong information they have getting, and social media can fix this. Bitcoin. Only needs a good informative video a good channel which happens to be social media then it will definitely improve bitcoin community. |
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Do you think that Bitcoin has become too slow to compete with the relatively quick alt coins out there? Is it realty competitive to have a slow community rather than a centralised decision making in development?
In other words, does the community effect of decentralisation enough to counterbalance the difficult decision making processes?
I think when it comes to the number of activities, yes, other cryptocurrencies are more active than bitcoin for the reason that it is centralized, but I think it doesn't mean bitcoin cannot compete. Although it is slower, I think have reached the top of the mountain, that is why it is very hard for any cryptocurrency to compete or to at least keep it's step to bitcoin. |
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Hi there! I just need your advice. I invested the money instead of paying my school fees. Yeah, i know this is wrong because education is more important to us and it can't be stealed from us, i'm still studying but my fees will be doubled on the next payment. But i believe this will end a good result. What do you think about this ? Your advice will be highly appreciated. Thanks!
Hmm, I think it is not a good idea to use your money for tuition or school fee for an investment in bitcoin or any cryptocurrency. We all know how risky and volatile bitcoin is. What if the price of the cryptocurrency you have invested with has not rising up for a long time? What will happen to your education? Cryptocurrency is no doubt a good investment, but don't risk such important things. |
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I just want to know how those people behind bitcoin secure the money they will invest because as far as I know there are lots of hackers all over the world.
There are many available ways for anyone to be safe from hackers to hacked their account and stealing their money. First is storing your money in a paper wallet. You can also store in a hardware wallet. You can do also storing it on a desktop wallet but when you do the latter make sure that you keep your PC away from licensed version of anti-viruses. Also, bear in mind not to post your keys I'm any social platform because it can be used to steal your money. |
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Bitcoin is the world’s 6th largest currency. These figures are noteworthy, but if the value of a single Bitcoin goes up to $15,000, India’s currency Rupee will pass. Ethereum ranked 17th and Bitcoin Cash ranked 20th. Ripple is located just below 20. How many years Bitcoin will need to become No.1 ? We don't know, but what we all know is that there is a huge possibility for bitcoin to be the world's leading cryptocurrency. Only a matter of time and events are need for it to happen. Even from now that it is the sixth rank top cryptocurrency, it is not that mainstream used, imagine when it is used worldwide? |
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Seoul Mayor Plans to Unveil Better Self Crypto for Stratup Blockchain.
Park Woon-soon has announced that South Korea will launch its own crypto and create a better environment for startup companies Blockchain and cryptocurrency in the country. He wants to form a blockchain that is oriented like a startup industry and focuses on developing Seoul's cryptocurrency, 'S coin'.
One of the reasons for the development of 'S coin' is to improve the transparency of governance that exists there. Although the Korean government initially applied very strict rules against cryptocurrency.
what do you think about this? is this good news about the development of cryptocurrency in the future?
Well for me, this happening in South Korea is definitely a good news to the cryptocurrency world. It is because it will somehow erase the negative thoughts and ideas about cryptocurrencies. South Korea is a developed country, and the unaware people will be curious due to the reason that a developed country create their own cryptocurrency. |
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Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".
Do you guys think that this can change in the long term ?
I think the reason why bitcoin isn't really considered as a currency is because there is no really true country who will use it as their national currency. It is used worldwide but only a secondary option to the national currencies available. The only way that it will be used as a currency is when it will be used by a country as their national currency, but it is impossible from now. |
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How many idiots who decided to invest in bitcoin!!!!!!!
It is necessary not to watch as he grows from 15000 to 17000. This is a visual illusion.
And as it grows from 1.5 to 1.7.....
In recent days printed 180 million tether and still no big growth....
Lending on the stock exchange came to a billion dollars.
The credit rate on the day was a record and more than the 0.103%.
This means that the market has reached its peak. The price of cryptocurrency maximum.
This is the moment when you have to sell everything.
So began a process of growth needs the infusion of more money.... They're gone.
I think the joy of endless growth to an end this weekend.
Nothing in this world is eternal and permanent.....
And rising prices of bitcoin are not eternal.... all ends already.....
I think you are not fully aware of the potential of bitcoin. Bitcoin, as what I have experienced, can shock people. No one including me have predicted what bitcoin have reached last year. True supporters of bitcoin wouldn't panicked or fear in investing and holding with these low amounts, but will take it as an opportunity to buy coins more, hoping the price to rise up. |
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From last few days, btc transactions fees has been reduced remarkably. Even its transactions fees are now lower than bitcoin cash. It is really a great news for btc trader i think. How it can help the current market?? Share your logic please .
Some are commenting that they do not care even though the fee they are paying in the transactions with regards to bitcoin is nothing because bitcoin gives them money that is incomparable. Yes they are right on some aspects but I think it will be a boosts if the fees are a little bit cheaper than at it is like what you have mentioned is happening. I think it will significantly increase the number of activities in the market when they do will not worry about fees. |
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I believe many people are already aware of the bit. And it still hesitated that if you buy a bit will keep losing it? If it is, it will be too late. I do not think I have any guidance. I just want to present many factors to see that. What is the price of bundles it up or down the day it is due to what the problem? Let's see it. The image below is a copy of the Fibonacci Indicator. I will describe the home language is. The price of time that has occurred, then compared to the future (same as the original) Okay new. Removing prices from the beginning to the present. To analyze the probability of price in the future. It sounds so much easier. But everything is just an analysis. There may be other factors involved that can not be predicted for the future. However, we know that the chances of a price going up there are possible. The Basics of Bit Coin You Should Know 1. The first is that the number of coin coils is limited to 21 million BTC. Over time, the number of BTC coins that have been mined. Or take longer to dig. But the demand for bitcole is very high. This also affects the price as well as economics. I can not add it. 2. Confidence in the price of bit coincidence of investors. It is believed that the price of a coil is unlimited. Maybe up to 10,000 Cc coin or more. 3. Using bitcoin Instead of a payment system. And person-to-person transfers. Or even international money transfers, which you will pay very little. And fast. Can you buy a house or car with a bit? Or even pay employees in the company with bits. 4. The confidence of the people. Interested in digital currency And buy it for speculation. See last year. More trading. There are more markets for trading in the country, as well as merchants or shops using bitcoins to pay for goods and services. 5.The popularity of Bitcoin. Nowadays many people know more about coin coin. As we have seen in many countries, Bitcoin is one of the investments. And some countries are trying to push the use of bitcoin can be legally spent. 6. Bitcoin's price It is independent of the economic indicators of the country. It will be seen that the news about the state of the country will not affect the price of Coyle. 7. The average Halving incident every four years is a reduction in the number of digs awarded in half. This results in less supply. 8. Independence in trading If you want to trade, you do not have to trade at the Exchange Exchange. Unlike stock or Forex, Broker must be an intermediary. 9. The key to keeping the price down is flash crash. The market is hacked. This makes it hard to trust. The history of the previous Mt.Gox from Japan or Bitfinex of China has been hacked, resulting in the price of bit fell several points. And finally, confidence begins to return. The future of bitterness affects the world. Now, a bit more is happening. As you know, the whole world is tied to the dollar. Many countries that are trying to free themselves from the mega are trying to find a way to make their own country not be struck by the economy of the Mega. If the future is good. There are some countries that have used BIT as the main currency of their own country. I believe that day. Those who are prepared will have an advantage. You may be like a dystopian, but that's about the future. But now I'm starting to see a lot of bits in some countries. There are even ATMs to wait. There are still a lot of Exchange markets with over 50% market capitalization in China, as many people know China has been cold war for years. Trying to push gold prices for a long time. The price of gold is not significant. Aftermath from Europe, many people know. I do not know what China might have been. เล่นคาสิโนบนมือถือToo late? If you look at bits as VI shares in the future fall to you or anyone in the world will have to use, I see that it is not too late. Bit is designed to be used from today until next. If you use a bit, you will know that the bit is not too late. There are many other ways to invest with a bit of profit. However, there are two aspects to study the information well. Lactate It is never too late to buy bitcoin. As early as possible buy some. Time is virtue here. The good thing about the current situation is that from now, bitcoin has a low amount compare to last year's amount. This means that you can buy bitcoin from now cheaper than before. We all know bitcoin will rise again eventually, no knows when, but definitely it will. |
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Blockchain Technology was driven to fame by its application on Bitcoin Gold due to its encryption that has been considered hacker proof. Bitcoin has been used as a reference to its success, providing a secure network for users.
The question however is, can blockchain succeed without bitcoin?
Hmm, yes, I think blockchain can still survive or succeed even bitcoin will someday vanished. Yes bitcoin is a primary reason why blockchain has been successful. But nowadays, blockchain has inventing many things. Blockchain, even without the help of bitcoin, can still create many coins that can replace bitcoin of it happens. |
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I've just watched the John Oliver show about cryptocurrencies and something struck me about what he said:
" like most currencies, the fundamental reason that bitcoin has value is that people agree that it has value"
I just want to know your thoughts on this. I only have a little understanding about the idea of currency and its value although i've already been at it all my life. Im new into this kind currency and right now its plumetting.
The primary reason why bitcoin and other cryptocurrencies available had a value because people have demand of it. The price of bitcoin reflects to the law of supply and demand or the number of people investing and selling their coins. The reason why the value keeps changing because the law of supply and demand are also continuously happening. |
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