What's going on about bicoin....!
Right now bitcoin price is 7,010.00 US Dollar.
It is very cheap rate for bitcoin. Why bitcoin getting down and down?  

https://cointelegraph.com/news/thai-finance-ministry-releases-final-version-of-cryptocurrency-tax-framework

According to this article, Thai Finance Minister announced that crypto trades will be taxed with a 7 percent value added tax (VAT), and returns taxed with a 15 percent capital gains tax.
It also shows that Thai government made those new regulations in aim to prevent the expanding (crypto) sector from being used for money laundering, tax evasion, and other criminal activities.
I think that it is totally understanding, but don't you think that Thailand might lose some (if not a lot) of its local crypto companies, which would rather go somewhere else, more crypto-friendly such as Singapore?

In the end, crypto regulation was a good or bad move for Thailand?

Hey guys, it's really important that you answer the poll honestly.  Reply 'voted' and I'll send you a merit for your participation.  Thanks for your help...  I really appreciate it.  

The poll will last a couple of days or so.

Edit:  There's no need to say what option you voted for.  Just reply 'voted' and I'll send you your merits.

Many companies, banks and goverments are lobbying against bitcoin, while praising the blockchain technology Sathoshi invented. Soon they will use the open source software to develop their own blockchains, without ever expressing gratitude to satoshi or the bitcoin community. Isn't that stealing?


Would you fight for Satoshi when it gets though?

• Delete facebook, google, twitter if they would try something?
• Protest your goverment, if they try to ban?
• Close your bank account forever?

Hi Guys!

Recently I was thinking what will happen after 21M limit reaches?!

Whole bitcoin decentralization relies on miners, who compute for our transactions and so, but they should have their profit in that, cause nobody won't work for free
As far as the limit getting closer the mining starting to be slow and profit is getting to be less.

I guess sooner or later a lot of miners will move to other cryptocurrencies like ETH and so, even if some non-profit organization take care about mining process the whole meaning of the decentralization will disappear.

I think there is no Bitcoin bubble in that meaning like was for dot.com (though for other currencies there is bubble IMHO:)), because the whole meaning of Bitcoin is anonymity and this is very important thing for humans in the our era, which means that even if Bitcoin reaches to the 21M there won't be significant deflation, but my concern is that as far that number getting closer as mining will become less profitable and miners will drop this useful and great process!

Hope I am wrong, because Bitcoin is great project!

BTC price can be forecast by several ways such as technical analysis, financial events and news, or investor’s expectations. In today topic, I will analyze the issue of BTC prices from the relation between market supply/demand and miners interaction. As always, all statements made are from my personal perspective for the purpose of discussion and entertainment.

Let’s start with an old folktale:

By the 1980s, a group of Japanese scientists discovered a type of rock in the mountainous province of Zhejiang (China). They studied it and found out that this type of rock can be used in ischemia treatment. They named it “Bái tiě yìng” (can be translated as White Mental), because it was white and as hard as mental.

At that time, White Mental can easily be found in the mountainous province of Zhejiang and used by local children to play folk games. Only after the Japanese’s study was published, some began to collect White Mental and sold them to pharmaceutical manufacturers. Still, Nothing is worth mentioned until some prestigious newspapers in European and the United States wrote about the effect of the White Mental. The “magic rock” then became a fever that spread widely, pushing its value up over a thousand times.

As the amount of White Mental decreased, more and more people start to mine it. The number rose from one village to the whole Zhejiang Province. Thousands of excavators and rudimentary loaders are brought to Zhejiang with the purpose of mining this stones. Still, White mental is a limited resource and more miners means competition and high cost. However, the profit from quarrying White Mental is still enough for the miners, until it drown.  The reduction of profits has led some people to liquidate excavator. Others are more cautious in investing and some are still investing despite how bad the situation is. Undeniably, Many families get rich thanks to the White Mental

Back to BTC, BTC and mining BTC is much more interested and complex than quarrying.

Assuming that the BTC falls below the profitable line (3,500 – 4,500 on average depending on the country), what would happened?

As the cost for mining BTC is unaffordable, some miners would quit mining just like the White Mental story.

However, mining BTC is much different from mining rock. When the number of BTC miner reduces leading to the decrease of transaction, the development of BTC will be limited.

In order to keep BTC alive and grow, transaction has to be improved by using more BTC miner. To do so, mining must be profitable. Therefore, as the number of miners rise, BTC price also does.

So, what is the conflict? It can never be sure that whether investors can make profit or not. But if BTC is not profitable, then what is the point to keep it alive?!

Then, what about BTC price? If the number of miner increased 5 times, does the price of BTC must increase exactly 5 times by default? What if the number is 10 or 20 times?

Will BTC become worthless or priceless? In the short term, the case of price falling is simple.In those cases, the market may cool down for few years and investors are more likely to put their somewhere else. Miners with strong capital and belief in the future of BTC would still continue to invest while the majority will leave until the market rise again. And it is  nearly impossible for BTC price to stable in the long run due to the constant changes in the number of miner (except for the case of low-fixed profit leading to fixed number of miners, although this case is against the development of transaction speed).
"

Like every parents want to leave something for children for their future.

Which investment is safe?

Bitcoin?
Stocks?
Real Estate?