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Bitcoin / Bitcoin Discussion / Re: Will you sell your Bitcoin at $100,000 or what?
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on: April 29, 2018, 08:56:35 AM
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I don't know how long everyone will have to wait for the Bitcoin price to hit the $100k mark. It certainly isn't going to be easy and we should expect tremendous amount of FUD before reaching that point. Also I think we will have a small bull and bear cycle before reaching there. Expect at least a few years to achieve that price.
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324
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Bitcoin / Bitcoin Discussion / Re: what should do if btc gradually fall down?
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on: April 29, 2018, 08:39:53 AM
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I have no idea what you just wrote here, this just looks gibberish to me. What do you mean by BTC gradually falling down, do you mean to zero? If so than let me clear it to you that you must be out of your mind to think something like that after the pump Bitcoin went through last year and currently being valued at thousands of dollars. |
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325
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Bitcoin / Bitcoin Discussion / Re: So Bitcoin is King.. why is it?!
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on: April 29, 2018, 08:30:15 AM
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Bitcoin is the king due to many reasons such as it having the first movers advantage, a very large dev team working for it, the biggest and most active community, much safer investment in comparison to others and the most important one that is the prices of altcoins still being tied to the price of Bitcoin.
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326
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Bitcoin / Legal / Re: Roger Ver to be sued for defrauding bitcoin newbies.
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on: April 28, 2018, 04:04:17 PM
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I never knew about this. Interesting post.
Considering Ver gave up his US citizenship and passport, in which jurisdiction exactly would he be served court papers and effectively be sued and held to account? Ver lives in Saint Kitts and Nevis (a small island in the West Indies in the Caribbean ocean), he is a citizen there.
Damn, if he gave up his US citizenship than I think it would be very hard to file a lawsuit against him as it all depends now if where he is living now has extradition treaty with the US. Which given the name of the island you mentioned seems very unlikely. I think he knew before hand that there would come a time like this. |
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327
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Bitcoin / Bitcoin Discussion / Re: When you first know about bitcoin what was the price?
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on: April 28, 2018, 08:53:06 AM
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When I first learned about bitcoin its price was around the $500 mark and it was dropping about $100 every month during that time. I think it was just after the $1200 ATH bubble pop. I have been daily cost averaging since than and I regret selling very sooner at just the start of the rally last year.
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328
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Bitcoin / Bitcoin Discussion / Re: Cryptocurrency kills people
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on: April 27, 2018, 06:15:41 PM
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So does having cash promotes people to hide their money from the government, now are you going to ban cash? No, right. The same things can be said about any other thing. Bill Gates is just regretting not investing into crypto currencies at an early stage and now spouting his venom on the crypto.
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330
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Other / Beginners & Help / Re: Questionable wealth because of Crypto
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on: April 22, 2018, 05:11:43 PM
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You don't have to explain anything to anyone just pay your taxes that will be due based on how much you earn through cryptos. Crypto currencies haven't been declared illegal that you are fearing so much and there are billionaires who are investing millions of dollars into bitcoin and don't fear anything than why do you fear.
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331
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Bitcoin / Bitcoin Discussion / Re: Why bitcoin is created?
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on: April 22, 2018, 04:53:19 PM
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Bitcoin was created to break the monopoly of banks and governments over peoples money and let the people be the only owner of their money. Also it provides the means to send money to any person in the world from any part of the world instantly and at any time of the day irrespective of holidays or anything,
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332
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Bitcoin / Bitcoin Discussion / Re: Is bitcoin a better payment system?
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on: April 22, 2018, 09:32:56 AM
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If Bitcoin manages to fix its scalability issues than bitcoin is a way better payment system than any other traditional system. Also with the recent Paypal fixed fees increase and other issues it only shows that Bitcoin is the future. With lightning network I think Bitcoin will be able to fix the scalability issue its facing.
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333
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Bitcoin / Bitcoin Discussion / Re: Can we make sure that our money we invest in Bitcoin is safe?
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on: April 22, 2018, 09:22:34 AM
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The easiest and free method that I know of is just create a separate OS for storing your Bitcoins and don't use that OS for anything other than sending and receiving bitcoins. The only problem this will have is that you will have to dual boot your PC but I don't think thats too much of an hassle as this would mean that your Bitcoins are in a safe environment.
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334
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Bitcoin / Bitcoin Discussion / Re: Is It To Late For Me To Buying Bitcoin?
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on: April 21, 2018, 09:18:04 AM
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No good reason to buy bitcoin other than the potential to make insane returns on your investments. Also its never too late for buying some bitcoins. Try to daily cost average instead of going all in at once as this way you would make sure to not end up buying at the top. Buy in before you end up regretting missing out this time too.
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335
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Economy / Speculation / Re: 3 Reasons why Bitcoin is Going Up!
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on: April 21, 2018, 09:11:51 AM
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I agree with the first reason but the second reason is just meh. Yahoo Japan is like one of the most visited website in Japan and them getting involved with crypto currencies is going to do wonders for the markets as they can bring the general population to the crypto world and that too in huge numbers.
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337
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Bitcoin / Bitcoin Discussion / Re: Will the history repeat again?
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on: April 21, 2018, 08:58:21 AM
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Till now the history has repeated again when it comes to a bull cycle and breaking the previous ATH. But for pumps based on seasons cant be guaranteed as there hasn't been a constant pattern of it. Also the market is currently in recovery mode so theres a possibility of the history repeating itself.
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339
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Bitcoin / Bitcoin Discussion / Re: Why do people need to use Bitcoin for Money laundering?
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on: April 21, 2018, 08:43:21 AM
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Welcome to the real world where anything the government doesn't likes is illegal and anything they like is legal, even if its wrong. Also people don't need to use bitcoin for money laundering its just that it is easier to launder money using it as it keeps the transactions anonymous if you got the entry and exit points right.
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340
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Economy / Speculation / Re: Bitcoin will hit 25k by the end of this Year?
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on: April 15, 2018, 06:29:35 PM
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If Bitcoin hits that price mark before the year end than many people are getting rich. But I don't think the market is going to recover so early after such a mega rally we went through in the past one year. Bitcoin will reach the $25k price target no doubt about it but I'm not sure it will reach it this fast.
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