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Last year I thought that bitcoin will change. I believed that segwit2x will be supported and bitcoin will get a chance to become currency. Probably thought so many users. This drove the price of bitcoin up. But after it was announced that this will not happen, we saw the price drop. Now I still keep my coins, but I do not believe that it will happen. I think there was a coup. Bitcoin will forever be an asset to store their funds. Perhaps the currency will use bch.
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if the heart of bitcoin is blockchain and the brain of bitcoin is satoshi nakamoto. the most important purpose in bitcoin is what? please let me know if you guys know it. I really appreciate your feedback.  The most important goal of bitcoin is to restore people tool of self-government. Bankers have long captured the power in the world. We depend on the money. Money in their hands. Therefore, we are dependent on them. Bitcoin breaks this system. That's why I think that bitcoin is more than money. |
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Venezuela has large reserves of oil. This country can't be poor. I think the government should steal less money from the Treasury so that government could exist. For them no matter what to steal oil, Fiat or cryptocurrency. Therefore they have no opportunity to attract investors. I'm not sure that Maduro wants to change the situation. Good for him when people for a bag of grains can do anything.
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This can be a significant problem for those who use mining GPU. Network complexity will increase significantly and will make this method ineffective. The production capacity of Samsung is very great. They can significantly increase sales volumes of ASIC. This will cause a significant reduction in the profitability of mining. I think it's bad news.
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It is quite impossible for the government to ban bitcoin for all its users because people are still going to use it secretly. Regulating it is the best option for them because they would get taxes in return. But it still is not sufficient enough to be far from being a threat to its economy system.
As a matter of fact, people will only rely on bitcoin and forget about banks which will go bankrupt in the end. Therefore, I think that the government will impose such strict taxes to avoid any loss.
Now you can without major problems to exchange bitcoins for Fiat. This allows you to use bitcoin for everyday needs. What will happen if banks prohibit such operations? The infrastructure to use bitcoin offline is missing. This can become a big problem. Never underestimate the enemy. |
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I think the mistake of thinking that the capitalization of the coin is an indicator of its value. Even if capitalization Ethereum compares to the market capitalization of bitcoin between them will be the abyss. Bitcoin was and will remain an asset for safe storage and movement of big capital. It will always be in demand. Bitcoin is the cryptocurrency elite.
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Ban for American citizens to take part in the ICO is a violation of human rights. Americans who are interested in lifting this ban should unite and file a lawsuit to the constitutional court. I am sure that this law will be repealed. The real problem is that people do not know how to unite to achieve their goals. Bitcoin was supposed to unite people but this did not happen too. Greed was stronger.
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I also heard about it. Lukashenko did the right thing. But do not hurry to rejoice. Belarus is under sanctions. This may cause restrictions on the movement of capital. Stock exchange open in Belarus will not be able to carry out input and output Fiat. This will significantly limit the popularity of exchanges with Belarusian registration. But the power, mining unable to secure residence permit in Belarus. If the electricity market.
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If theoretically to assume that a mechanism will be established to recreate the missing coins; then who will control it? What happens if you then find the lost coin? No coins cannot be recreated. Any system which makes use of the human factor are not protected from abuse. That is why I think the bitcoin system should work without the possibility of outside influence and rule changes. But the constant upgrading of software needed. Without it bitcoin would not be convenient to use.
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At the moment it is impossible to compare the capitalization of the cryptocurrencies and the capitalization of companies that work in the real sector of the economy. The money invested in the Corporation make a profit. The money invested in cryptocurrency work as speculative capital. They do not bring added value. Only reallocate resources. It's probably one of the reasons for the high volatility of cryptocurrency.
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I seems not to understand you, but if you mean an economy where by no personal profit or government is been involved or neither will there be a need to be involved in citizens life. I don't think a life like that will ever exit. Even in the ages of caveman the economy we practice today is same as it was then but the only thing that makes it different then is the way it is been practice. I think the only thing that might not exit is greediness.
That is not quite accurate. Cavemans is just the bunch of people who sleeps on caves, hunts food to eat and then go back to their cave, they do not know what economy is or even gaining something by working. All they know is they will survive and that only matters. Economy started when people knew agriculture and then they also start to build some infrastructure that can give them good benefits. You are not right. Even in the times of cavemen existed inequality. Was the chief of the tribe who enjoyed the privileges. There was some kind of religion. Values were different. They didn't have Bentley. but there was a place near the fire, it was more skins. They lead the hunters and not risked his life hunting. In any society there are inequalities. The money in the economy is the only mechanism for the redistribution of wealth. The desire to have more than others is characteristic of all people in any society and in any economy. Karl Marx did not starve. |
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The price of bitcoin can be any. This will continue until bitcoin is a tool for currency speculators. It is therefore very important to bitcoin used as currency. Everyone who has coins can buy for them goods. It will not stop speculation, but their influence on price will be significantly weakened. Waiting to reduce the cost of transaction and confirmation is immediate.
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Why to predict the price of bitcoin? What does this give you? If we assume that there is a schedule of indicators of bitcoin prices for the year ahead. It will know everything. As soon as the price will be closer to the maximum I will sell coins. Mass reset will trigger a price drop. The market will be panic. It is better to live in ignorance.
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12K is very small. I am sure that the price will rise much more. For those who keep their coins, the situation will not change even when the price is 15K. People will continue to hold the coins to make a profit in the future. Traders buy and sell coins at any price. So I think that the token prices of bitcoin makes no sense.
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Never convert to fiat not so tax events triggered  . Just kidding, move to the countries with lax regulations on crypto is the best solution. Such countries do not exist. All countries of the world take taxes. You can choose to live in country with a low level of taxation. But getting citizenship is always a problem. There's only one way not to pay taxes. It is collect coins and wait when it will be possible to use them as currency. Any exchange of cryptocurrency for Fiat money is tracked by the banks. You will be required to pay the tax. |
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Bitcoin has already spread around the world. A ban in one country can affect the entire market. Chinese traders will use the South Korean and Japanese exchange. Hashing power will be moved to other countries where there are a lot of cheap electricity. Bans can't stop bitcoin. The most reasonable solution is the legalization. But the government does not understand this.
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Btctalk name: matuson
Rank: Sr Member
Current post count: 720
BTC Address: 36TeFLUM41JJ45oGJbvqNT7kdfdMcs2oYs
Wear appropriate signature: yes
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Don't understand the relation between the topic's name and the topic starter's first message. But as 2018 is claimed to be the year of altcoins I'd recommend to pay attention to altcoins from top-10 currencies on cryptomarketcap. That's my investment tip.
It seems to me that you are not right. Altcoins are good, but the price for them will bottom until the bitcoin will increase price. So I think it is cheaper now to buy bitcoin. He was the first to show growth and growth rate will be higher than the altcoins. |
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I do not see prospects to restore bitcoin. The price increase in bitcoin was triggered by high trust of users to what will be implemented segwit2x. This did not happen. It seems to me that this is the main problem of falling prices. I do not understand why developers are silent. It is their direct responsibility to ensure that bitcoin is competitive. We all become hostages of their inaction.
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It is easy to blame others for their misfortunes. I agree that the bankers are afraid of cryptocurrency. They will do everything that the government has blocked the possibility of their use. But this is not enough. We are to blame for the fact that bitachon can not become a full-fledged currency. They all want to earn a lot of money and not think about the future. The main problem is the lack of agreement within the bitcoin community. When bitcoin will have the properties of the currency it will be impossible to deny.
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