Ninjastic
Search content
Sort by
Showing 20 of 55 results by ANUKRAMAYON
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin uses too much energy?
by
ANUKRAMAYON
on 15/09/2018, 16:44:45 UTC
Bitcoin uses too much energy and most agree on that but it is not a problem with bitcoin but there is a problem with the power source we used to mine bitcoin because most miners use home electricity mainly because it is the most convenient method they can find but this is a era where even cars and houses use solar electricity to run instead damaging the environment but yet even for a great innovative currency like bitcoin we haven't found an innovative way to mine it and we accuse bitcoin that it is making environmental damage but we already have the technology to stop that right now but nothing effective is happening
Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin Mining Really Causing Environmental Damage? Maybe not that much...
by
ANUKRAMAYON
on 15/09/2018, 16:40:40 UTC
Most say that but it is not a problem with bitcoin but there is a problem with the power source we used to mine bitcoin because most miners use home electricity mainly because it is the most convenient method they can find but this is a era where even cars and houses use solar electricity to run instead damaging the environment but yet even for a great innovative currency like bitcoin we haven't found an innovative way to mine it and we accuse bitcoin that it is making environmental damage but we already have the technology to stop that right now
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin uses too much energy?
by
ANUKRAMAYON
on 13/09/2018, 09:10:01 UTC
Quote from: SimpleBitMaker on August 13, 2018, 08:04:36 PM
https://motherboard.vice.com/en_us/article/7xmvbq/bitcoin-energy-science-world-electricity-demand

Now Motherboard is not the best source for news, but let's consider the implications of this...

Consuming immense amounts of energy is actually somewhat counterproductive if we consider the vision of Bitcoin giving us tools for independence. And it's somewhat unethical because we should not be using more than we need on this earth.

However, we don't really know how much energy it is consuming at this stage, so this could just be another reporter trying to find a story.

Bitcoin really uses too much energy and many miners say that because earlier bitcoin mining was considered as easy and very profitable and that is the main reason many miners were joined to the network but now things has got little complicated because electricity in many countries are not cheap and even mining hardware is too expensive so most miners think bitcoin mining power waste at least should be reduced in coming years so miners can take a profit than a lost and it will do good even to the network 
Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin Mining Really Causing Environmental Damage? Maybe not that much...
by
ANUKRAMAYON
on 13/09/2018, 09:06:20 UTC
Earlier bitcoin mining was considered as easy and very profitable and that is the main reason many miners were joined to the network but now things has got little complicated because electricity in many countries are not cheap and even mining hardware is too expensive so most miners think bitcoin mining power waste at least should be reduced in coming years so miners can take a profit than a lost and it will do good to the network
Post
Topic
Board Bitcoin Discussion
Re: Physical bitcoin - Is this the future?
by
ANUKRAMAYON
on 12/09/2018, 05:43:44 UTC
Quote from: hatshepsut93 on June 23, 2017, 05:18:52 PM
If in the future Bitcoin will become a widespread currency, someone will notice that being digital can be a downside, because it makes Bitcoin 100% tied to the Internet, electricity and electronic devices, unlike fiat money that can exist in many forms. Physical Bitcoin already exists, but mostly for collectible purposes. If someone will decide a physical Bitcoin for payments, they will probably get a lot of Bitcoins (lets's say 10 000), lock them in and release paper currency that will be backed by those Bitcoins. It will work just like current cash, but backed by Bitcoin instead of gold, and it won't have any problems with private key ownership that you have described in your post.

It is a great concept and smart way to convert Bitcoin into paper currencies for necessary people in essential scenarios and of course today Bitcoin is entirely depending on the Internet and electricity and still many areas and regions in the world doesn't have those facilities properly and even have most retail and other payment options desire paper currencies over digital currencies so in such situations converting Bitcoing paper currency might be very valuable 
Post
Topic
Board Bitcoin Discussion
Re: People call bitcoin a fraud or ponzi scheme
by
ANUKRAMAYON
on 12/09/2018, 05:42:31 UTC
Quote from: elachious123 on July 05, 2018, 10:32:53 PM
The fact is that everyone is entitled to their own opinion, that they call Bitcoin a ponzi scheme doesn't change any thing about the originality of Bitcoin. Such people have little knowledge about how the Blockchain technology works, they need to be enlightened

Of course until they fully understand about Bitcoin and its blockchain network people will call bitcoin a fraud or ponzi scheme and it is normal for them to say that but once they understand about the true nature and potential qualities about Bitcoin the view might change for better but for this ti happen it might take several years because still the amount of people who benefit from Bitcoin are much less considering the rest 
Post
Topic
Board Bitcoin Discussion
Re: Peak get lower and lower, and dips get worse
by
ANUKRAMAYON
on 12/09/2018, 05:40:51 UTC
Quote from: koincik on August 09, 2018, 10:35:52 AM
Bitcoin's situation will not be positive in the short term. If the year-end targets are high, the situation is not so

Yeah in short term we won't see a considerable progress in the Bitcoin price because for anything to develop and improve in the business and financial field the time is essential and for Bitcoin it is the same so our invested currencies may have to keep in our wallets for longer period of time until the price increases to a considerable level to gain profits but selling before that means loosing profits or for some even a part of there investment 
Post
Topic
Board Bitcoin Discussion
Re: They want you to panic :->
by
ANUKRAMAYON
on 12/09/2018, 05:39:50 UTC
Quote from: CrayjeksAjek on August 14, 2018, 06:08:57 AM
I know is manipulation about how dropping price bitcoin or altcoin, but I am still little worried if many people keep sell their coin, I know they have panic to sell coin and make price more drop, just few people know is bad situation to make altcoin or bitcoin go down to drop price.

Some times manipulators make bad situations worse by making other panic to sell there tokens during a drop by making different kind of things so the effect would be much worse for the market and to the currency and some times I have seen some currency prices takes much longer than anticipated to recover due to band things are done by manipulators so if some one is trying to play with the market artificially and interrupting the natural ways things always get worse 
Post
Topic
Board Bitcoin Discussion
Re: Can you stop calling Bitcoin an investment?
by
ANUKRAMAYON
on 26/08/2018, 15:52:32 UTC
Any one in the crypto community will be able to call Bitcoin a global currency in the near future because many options are coming to use Bitcoin as a currency because most industries are now opening options to make payments in Bitcoin in there systems to target the crypto community with that Bitcoins business adaptation increases rapidly and the day we can call Bitcoin a currency is becoming very closer 
Post
Topic
Board Bitcoin Discussion
Re: Financial Writers Predict Fiat Dollar Will Collapse and Rise Crypto
by
ANUKRAMAYON
on 26/08/2018, 15:48:08 UTC
The time that dollar will collapse is much near than we think and it is something unavoidable in the near future because best cryptocurrencies like Bitcoin and Ethereum usage is increasing among most industries and Businesses these days and many payment options are implemented in retail sector targeting the crypto community which means digital currency business adaptation is increasing rapidly so such predictions can be correct
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin or Property? What might be the best investment?
by
ANUKRAMAYON
on 25/08/2018, 08:27:12 UTC
Best investment would be the Bitcoin because now the Bitcoin prices are low and also it is recovering at the moment so the investors can get high amount for a lower price to gain big profits in the future but will take some time because as the first digital currency in the world anything isn't easy for Bitcoin so it always have to face many problems politically, socially and economically during its progress but the investors investment won't be in vain and that is certain   
Post
Topic
Board Speculation
Re: BITCOIN is useless!?
by
ANUKRAMAYON
on 25/08/2018, 08:23:47 UTC
Most business individuals, banks and governments leaders are trying to popular things like above because they know if Bitcoin continues in the future it will led to a financial crisis in the world by destroying the current banking system. To avoid that countries like United states of america made huge impact on bitcoin and even went further to limit the user's in bitcoin locally so Bitcoin crashed   
Post
Topic
Board Bitcoin Discussion
Re: Most Crypto investors are Cowards
by
ANUKRAMAYON
on 25/08/2018, 08:22:11 UTC
Still the crypto market is very new to the world and investing in a cryptocurrency is new to any investor and unlike other investing options people are not confidence enough to use large amount of money to a market that was introduces recently. But even in those situations we can see real investors who are willing to invest huge amounts by taking the risk and that is the main reason most new ICO projects are continuing without any financial problems thanks to there contribution so yes many are cowards and there are non cowards too   
Post
Topic
Board Bitcoin Discussion
Re: Who controls the crypto market?
by
ANUKRAMAYON
on 25/08/2018, 08:17:00 UTC
Like many other investing markets the Crypto market is controlled by news, regulations, business openings, traders, investors and other direct and indirect sources and with there interactions to the cryptocurrency market . So according to those people and sources market price increase or decreases and other than that there is no centralized authority powerful enough to control Crypto market unlike other markets which gives both advantages and disadvantages for the market and people in the crypto community
Post
Topic
Board Bitcoin Discussion
Re: Crypto falls to lowest price since February – Why is BTC falling?
by
ANUKRAMAYON
on 24/08/2018, 03:49:09 UTC
Bitcoin prices goes down because I think mainly the holders are leaving Bitcoin investments due to the price problem and many other reasons. I hope this will not continue and if this continues no one will confidence enough to invest in Bitcoin and when Bitcoin prices goes down it makes the same effect on other currencies too which is really a bad situation   
Post
Topic
Board Altcoin Discussion
Re: Will Ethereum/Altcoins Be Valuable Or Relevant without Bitcoin?
by
ANUKRAMAYON
on 24/08/2018, 03:47:30 UTC
There won't be any cryptocurrency without Bitcoin because it is the first to introduce the digital currency concept to the world and then new currencies like Ethereum, NEO and other followed and more and more coming to the crypto world every year but it all started from invention of Bitcoin so it is significant to the cryptocurrency world   
Post
Topic
Board Speculation
Re: What is the reason for bearish of BTC
by
ANUKRAMAYON
on 24/08/2018, 03:34:12 UTC
Crashing Bitcoin is temporary and it occurred due to public concern that if Bitcoin continues in the future it will led to a financial crisis in the world by destroying the current banking system and other essential financial or economical organizations so countries like United states of America and other major countries like India made huge impact on bitcoin and even went further to limit the user's in bitcoin locally so Bitcoin crashed   
Post
Topic
Board Bitcoin Discussion
Re: Why Bitcoin isn't a legit currency.
by
ANUKRAMAYON
on 24/08/2018, 03:30:53 UTC
Quote from: Zainal-baguz on August 02, 2018, 11:35:42 PM
because bitcoin is still new. moreover there are still many people who don't know what is the world of bitcoin. it's the bitcoin barrier to legitimate money. but I'm sure that bitcoin will someday become a legitimate currency like paper currency

Sure some day Bitcoin will become legit as paper or fiat money but Bitcoin need atleast 51% formal agreement for that to happen which is not happening at the moment and even it is happening it is in a slow rate right now but we can hope that will happen in the near future so many can use it without hesitation to make there payments and for there core business transactions to develop there functions further with better efficiency and security   




Post
Topic
Board Economics
Re: Newbies panic & Old timers smile, when the Bitcoin price take a dip.
by
ANUKRAMAYON
on 16/08/2018, 16:49:07 UTC
It is true that during thses days trading is the best thing to do and to earn properly the investor or the trader should have the knowledge more than money otherwise everything will be invain because the market is unpredictable only experienced people could understand so it is better to start learing the market than focusing on bounty campaigns       
Post
Topic
Board Bitcoin Discussion
Re: LIKE IT OR NOT, BITCOIN IS AN INVESTMENT
by
ANUKRAMAYON
on 16/08/2018, 16:42:16 UTC
We will be able to call Bitcoin a currency in the near future because many options and sources are coming to use Bitcoin as a currency and the day we can call Bitcoin a currency is very closer so in the near future rather than an investment Bitcoin will popular among general public as a currency