I’ve got a pet shop and I wanted to accept bitcoin and alt coins then I was reading about becoming a bitcoin exchange ... is this possible? I understand it’s worth goes up and down.
why not possible? accepting payment methods with bitcoin or other altcoins will certainly make it easier for us to make transactions in the era of advanced technology as it is today, so it is not surprising if we see that today bitcoin is a digital currency that is very popular as a means of purchasing and payment easily without the need to pass through services banking financial authority. |
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The private key is the key to storing bitcoin so if you lose the private key it's the same as losing bitcoin too, because if the private key is lost of course no one can open your wallet and of course your bitcoin is no longer useful.
bitcoin is not the same as fiat currency where you will be given the freedom to choose how to save your finances.
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https://twitter.com/peterschiff/status/1220135541330542592My #Bitcoin mystery is solved. I mistook my pin for my password. When Blockchain updated their app I got logged out. I tired logging back in using my pin, which was the only "password" I had ever known or used. I also never had a copy of my seed phrase. Honest but costly mistake! seeing Schiff's tweet doesn't really admit his mistake, and I don't believe that he never had a copy of his seed phrase and he also said he never knew the password, it's too hard to believe, because basically when we make a blockchain wallet accounts like those used by Peter Schiff, will definitely ask us to provide our email address and password, we also have to re-enter our password to confirm. I think it's drama because Peter Sciff's claim is hard to believe, isn't this ridiculous? |
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I think this is going to be a worthwhile experiment, and a great way to start letting people aware about Bitcoin. Maybe I should put some creative promos for those who will buy milk tea using Bitcoin. What do you guys think?
of course it is a good idea because in the era of technological developments like now it is very good to introduce bitcoin to the public so they realize that bitcoin is worth using as one of the payment methods and makes it easier for users when making transactions. I hope your business runs smoothly and successfully. |
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Im just curious too that what will happen to the bitcoin if the all that coin will be mined the price will drop or the price will pump? But we hope bitcoin will not end if it's mine all. More than 80 percent bitcoin was already mined and it is long time for sure before it become 100 percent.
Even though the supply of bitcoin is fully mined, in my opinion bitcoin will continue to run, but their miners will no longer get prizes from the block but they will only get transaction fees. and when supplies are completely depleted, it is very likely that the price of bitcoin will be more expensive and craze because of the scarcity of bitcoin. |
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The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.
what is the relationship between bitcoin and the corona virus, I never thought something like this could raise the price of bitcoin, especially if we see that in the last few days the price of bitcoin has remained stable as before there were no signs of falling or rising. in my opinion a statement like this is hoak, and when natural disasters occur they always associate this problem with the price of bitcoin. |
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BBC reported that a 75-year-old woman is warning others of the dangers of an online scam that has cost her her life savings. She lost 11K EURO!! You can see the news from here, https://www.bbc.com/news/amp/uk-england-devon-51205126Guys, don’t think too much to spend 100-150 USD, buy a hardware wallet right now! You are not safe in any online wallet by 100 percent! The article stated that the person lost the coin not because of hacking, so I thought this news was not related to online or offline wallets, but he lost the coin because of his own mistake, who quickly believed when he heard the big advantage that he was tempted to send some of his coins to fake bitcoin company by expecting lots of returns. |
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I use cryptocurrency every single day, I mostly use a middleman like Bitpay to process all of my transactions. So even though I might not be buying bread with USD, I used my Bitcoin to make the purchase. This makes it nice for me since I run my business in the crypto space, I can get paid from someone in China instantly and buy food at the store within 5 minutes. I love that about bitcoin, what about you?
unfortunately in my country there are no stores that accept bitcoin or other crypto as payment options so I can't use bitcoin to buy daily necessities, but I once bought electronic goods online using bitcoin as payment and I think in a very sophisticated era now bitcoin and crypto are very good payment options, especially for large amounts. |
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Bitcoin can be the future bank all over the world. It might be similar value of World Bank.
Now a days there are so many big transactions are done with crypto currency. If people don’t want to tell globally about their transactions they may use crypto in big number of amount in a single transaction, and nobody else can recognize that why and what they do transfer.
If there any kind of illegal activities involved in that transaction then if there is bitcoin bank exist over there then some kind of transactions may be stop by the bank.
In that case all the government make bitcoin bank in future, they will ask for all account’s details and the person who access the account. If all holders gives them details then it will be it safe or not?
very unlikely, because basically bitcoin uses peer to peer networks to operate without authority and bitcoin is a source of decentralization that cannot be controlled by the central organization, and even if the government makes a bitcoin bank in the future in my opinion this will be very complicated for bitcoin users because they will definitely ask us to do KYC or AML so they can limit our bitcoin and collect taxes with our bitcoin. |
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I am holding about 1.2 BTC now
But I need a money until Feb 22nd.
Should i hold until Feb 21nd and sell it? or Sell it now?!!
What do you guys anticipate in BTC price until next month?
I think it's better if you hold it until February 21, but the price of bitcoin is declining today, but if you really need money, I don't recommend not selling it and if you want to sell it better, sell half of it and the rest you hold to get ready ready to halve so that you get a little profit from half your bitcoin. |
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The thinking of new peoples who wants to invest in coins, they first of all want to know the benefits, security, alternatives and effect of invest in their lives.
Several of peoples doesn’t have enough knowledge of coins who are in already in market, some of coins are includes in this time.
There are several things that might be known for make invest for make batter future of their family:
#One world currency
in the era of advanced technology like now, bitcoin is very good to be adopted because bitcoin is defined as an excellent digital asset as a means of payment and investment, but if you want to be a world currency I think bitcoin cannot be because if we look at bitcoin it can only fulfill parts from the Fiat currency function is as a means of payment. Bitcoin is just an exchange and payment instruments such as gold and diamonds. |
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As subject goes, is Bitcoin the maximum version?
Is it still possible to develop it?
or
Can we still expect better coin than Bitcoin?
no, but bitcoin has improved a lot of technology since its birth 10 years ago, and if we look at some bitcoin developments that continue to the present such as Segwit, Lightning Network and innumerable new versions of bitcoin core software, then bitcoin is a continuation of growth entities sustainability and relative conservatism have provided stability and resilience that is not shared by other altcoins. Bitcoin continues to develop technologically. |
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When technology and adopters of bitcoin developed, I thought the government could not do many things to stop people from using bitcoin, but they could only limit the central bank and several other large companies to deal with bitcoin and other cryptos to avoid funding terrorism and other crimes.
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With the increased adoption of Bitcoin among mainstream businesses and companies alike, we've seen the possibility of exchanging our Bitcoin to tangible assets for our own benefit. The pioneer cryptocurrency has reached far enough to become recognized as a legitimate form of payment within the mainstream world. Institutional investors, and even banks have realized the benefits of Bitcoin, resulting in increased demand across the market. I've seen forex trading with Bitcoin, and even precious metal retailers which accept Bitcoin as payment. This makes wonder whenever it's possible to buy real estate with Bitcoin? Because if it does, then there would be nothing left for Bitcoin to become used as a serious cryptocurrency for daily payments (other than scaling the Blockchain and increasing privacy). Do you think that mainstream companies or businesses will be able to accept Bitcoin for real estate? Or it is too early to tell? Any thoughts?  I have heard news like this before, where real estate companies in Turkey have managed to sell a number of different properties and accept bitcoin as their payment, and real estate companies also receive five other altcoins as payments such as Eth, Xrp, Bch, Xlm, and Theter by accepting cryptocurrency payments, they say that it really allows faster transaction performance without losing exchange rates. Although later all real companies accept bitcoin but I am not really sure whether people will use their bitcoin to buy land or houses because they prefer to use bitcoin as their investment. |
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In my experience, it is not easy to earn 1 bitcoin so I think most of them are investors.
What is your opinion about this? How does it affect bitcoin?
it may be true that investors buy some bitcoins in preparation for the half-day waiting period, as everyone and investors strongly believe that by reducing the half they will have a huge profit if bitcoin prices rise at that time. with more bitcoin enthusiasts, then I hope bitcoin prices will go up as well. |
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"Bitcoin was first. It's an ancient technology. All know it."
bitcoin is not an ancient technology because so far bitcoin has experienced many improvements to the new version of the core software bitcoin during its birth. and maybe some people will never believe again with the statements and predictions of john mcafee because i'm sure some people have been disappointed with the nonsense and behind this drama john mcafee is just looking for public attention to become famous. |
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I also chose finney because he was one of the first people to show genuine interest in Satoshi Nakamoto's cash proposal, and Finney is also very likely to be the first person besides Satoshi to run bitcoin if we look at the contents of his Twitter tweets. |
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Oh well... In terms of transparency, i can take on Bitcoin's technology.
But which one is it that raised its value so much though?
Technology or People's attention?
in my opinion bitcoin is very valuable, of course because of technology and attention, by using blockchain technology in it, bitcoin is in high demand by the public and investors to be used as their transaction and investment tools, and with blockchain technology it makes bitcoin very different from conventional currencies where bitcoin will become our own finances without the authority of a central bank or other organization. |
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Although Bitcoin has a number of advantages compared to conventional currencies, it does not mean that Bitcoin has no risk, but there are some threats that are very risky for its users, one of which is storage risk because basically every cryptographic based system is vulnerable to hacking and bitcoin also has financial risk because bitcoin is one currency that is very volatile so this makes bitcoin value unstable and a problem for bitcoin investments.
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Well i am in the same boat.
Just out of curiosity, is there any still recovering from the deadly bitcoin price in late 2017?
or fully recovered and seeing profit? or Sold away at that moment or later?
maybe some people who bought bitcoin in 2017 haven't been able to recover their funds because the price of bitcoin in 2017 touched $ 18,000 to $ 19,000 per bitcoin, so I think some of them still hold bitcoin for a long time while waiting to reduce by half and then they will sell bitcoin so they get more profit, because basically when halving occurs, the price of bitcoin will rise to the highest level of all time. |
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