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Showing 14 of 14 results by Desmond1656789
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Board Bitcoin Discussion
Re: Can Bitcoin become currency a new State?
by
Desmond1656789
on 14/10/2018, 16:41:39 UTC
It would be better if many countries in the world could accept and recognize Bitcoin as a legitimate currency, even though it is difficult for now. But it is not impossible if bitcoin can be accepted by a majority of countries. So there is no need for a new country.
I agree with you. It is easier to accept the country's cryptocurrency and introduce it into the existing economy.
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Board Bitcoin Discussion
Re: Can too many Altcoin's can become a threat to bitcoin's existence
by
Desmond1656789
on 14/10/2018, 13:00:23 UTC
    More and more ICO projects are coming based on many major currencies and specially in this year the trend increased rapidly with many reputed organizations that are in various industries and trades decided to start there own digital currency to make there business more effective and efficient in order to gain more profit.
    Can these new launching Altcoin's make a negative impact on bitcoin's expansion in the future because we all know in order to increase the demand, usability and accessibility of bitcoin it should be widely use in most business areas but if Altcoin's take these opportunities how it can achieve its vision to become a widely used digital currency

I think altcoins can do no harm to bitcoin because the value of bitcoin is very far from the altcoin even the top 2 in the market cap would have a hard time to reach the value of bitcoin. Maybe in the future there could be altcoin can replace bitcoin but definitely it would take so many years before it would happen.
I agree with you. Bitcoin today has a very large audience and a very large capital. Altcoin needs a lot of time to achieve this level. But I think that if Altco reaches Bitcoin, he will not remove him from the market.
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Board Bitcoin Discussion
Re: Who are the so called whales ?
by
Desmond1656789
on 13/10/2018, 18:57:04 UTC
The term “whales " refers to investors with thick pockets who can move an entire market by buying and selling large volumes.
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Board Bitcoin Discussion
Re: Government trying to stop bitcoin, what I see
by
Desmond1656789
on 12/10/2018, 19:12:22 UTC
There is no doubt that the government will seek to regulate this space quite strongly in the future. Concerns about money laundering are paramount. Basically governments want to know as much as possible about cash flow ' to keep us safe. They will use this panic tactic to push legislation that pushes BTC underground. It's hard to see how a BTC-type product ever becomes a mainstream, especially given how unattractive it is as a method of transaction (expensive and slow)
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Board Bitcoin Discussion
Re: Banks will always be against cryptocurrencies?
by
Desmond1656789
on 11/10/2018, 18:09:51 UTC
No, I do not believe that. We must admit that what has allowed banks to acquire so much economic power is their ability to understand where capital is, and make the necessary efforts to keep it.

Knowing that banks will never fight against capital, what I see today is a growing interest of banks to incorporate blockchain technologies into their processes, and because of their marked interest in taking over everyone's money, it would not be strange that in the near future we will see banks willing to accept cryptocurrencies to carry out financial transactions.


Cryptocurrency implies the lack of a paper equivalent. And that means creating a new market. Therefore, banks and oppose Coins
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Topic
Board Bitcoin Discussion
Re: Fall of Bitcoin (Reasons)
by
Desmond1656789
on 10/10/2018, 16:28:23 UTC
http://i66.tinypic.com/10copiv.png
First of all, no one knows for sure. But here are a few reasons at play:

SUPPLY : Miners currently receive a 12.5 BTC reward for every block that they mine, but Nakamoto’s protocol also requires that the mining reward is halved every 210,000 blocks, or approximately four years. The next miner halving will take place within two years, approximately in early June 2020 depending on hashrate, bringing the rewards down to 6.25 BTC per mined block.
DEMAND: While the number of transactions are trending upwards (see Bitcoin Number of Transactions excluding Popular Addresses, it seems that there is not as much new interest in investing into bitcoin at the moment. Interest has stabilized, but may not be outstripping demand. gle Trends - Web Search interest - Worldwide, 2004 - present.
RISK: In addition to the price risk from the fluctuating exchange rate, there is currently a very heated debate about the bitcoin 'software' with competing proposals on how to scale bitcoin in order to facilitate more transactions (BitcoinXT, BIP10x). Without going too much into detail, the discussion questions some of the core principles of bitcoin. (high-level overview: Brief thoughts on the Bitcoin block size debate.
Don't worry about the price because it is normal and eveeything about changes of price will be more uswful to traders and buyers.
Source: https://www.quora.com/What-is-the-reason-for-the-falling-value-of-Bitcoin-Is-its-end-near-I-have-already-lost-some-money-by-holding-on-to-it-Please-advise

But the fearful, and unbelieving, and the abominable, and murderers, and whoremongers, and sorcerers, and idolaters, and all liars, shall have their part in the lake which burneth with fire and brimstone: which is the second death.
-REVELATION 21.8
Is this FUD you ask?  Yes it is.  It is the utmost of fear which is the fear of the Lord and the uncertainties and doubts of those that are damned and have their part in the lake of fire.

Just happen Bitcoin collapse due to sales of investors.
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Topic
Board Bitcoin Discussion
Re: False fear about BITCOIN.
by
Desmond1656789
on 10/10/2018, 16:21:24 UTC
If you read news like this https://www.ccn.com/mysterious-asian-whale-begins-funneling-funds-back-to-huobi/ that there is someone who has mysteriously bought a large amount of bitcoin. Then sell. All I can read is that Bitcoin has a fan of "Giant" who likes to invest and sell Bitcoin. This means Bitcoin will continue to run. What to worry about? What I do not want is if there is no Bitcoin buying and selling activity. Because that means Bitcoin no longer has any interest. That's what I should be afraid of.
This is just My Opinion Personally. Please fix it if it's wrong.

Bitcoin in the near future will not cease to be an active currency. People both bought and will buy and sell. It's profitable