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Showing 20 of 999 results by Fireblade
Few days ago a friend asked me this questions. But i cannot understanding that how to i give him answer. At last i said him that, bitcoin is an online currency. Only this currency used in online marketplaces. It is not possible to use it in offline marketplace like offline currency.
But what is your best answer of this question?
No I dont think so because bitcoin is a digital currency and digital means no physical existence and no physical existence means that no one can use it offline. You must need computer and internet to use your bitcoin. Your account is computerized and computerized means need computer to use. Thats why I think that bitcoin cannot be used offline. It can be used only online and need with computer and internet.But what is your best answer of this question?
I have seen a guy loosing 1000 bitcoins in just one bet on justdice and another guy loosing more than 300+ btc on pd. but at that time btc was much less than 200$. This guy is really crazy or too rich to afford that much of money.
I agree seeing someone to bet 50 bitcoin when the price is already on 6K$ I really cant comprehend what kind of reasong was that ? maybe he was just crazy or making stories , Owning already a 50 worth of bitcoins make you already rich I Just cant understand why you need to be richer ? are you not contented in your life ?We all can lose in gambling and lose our money but shall we stop or try to win back what we lost ?
This is a very dangerous mentality one that can lead you on being a problem gambler if not properly handled and if you let emotions get off and move your decisions based on your emotions. WInning is good but it should never because you want to take your lost money as that way youll end up loaing more
I recently had 18 streaks of losses on playing dice on LO, but those are the crazy parts of the game, and if losses cannot be stomached, then no one should even bother gambling when you know the possibilities of you loosing is high.
Yes I agree that we shouldn't try to win back what we had lost in the previous bet that we make if you are betting, take out to your mind what you have previously lose because it can surely make you want to try and get that have been gone, I think it is good to have your mind set like that, because you can not do that winning is not consistent in gambling and you just need let it go,
I think the best way is to hold it in your bitcoin wallet and make at least a monitoring of exchange rate in buying and selling. Just holding the bitcoin can have a higher returns if it sell in a higher price.
The best to store my bitcoin is blockchain wallet because I do not trust any other wallet due to the security and authentication. For me only blockchain is trustable and reliable. Keep your bitocins in blockchain wallet and swait for some time and do not use or spend them if you do not need and when the price go up more then you can use or sell your bitcoin using your blockchain wallet.Looking at the graph this year there is a high chance that the bitcoin price will go up by the end of the year but is hard to tell if it will $10,000.
Everyone wants bitcoin to hit that price but after the china FUD the price went up so if theres another FUD it might hit $10,000 or might go down.
Yes its look like difficult, although bitcoin has the potential to increase its price, but still i do not think that it will cover 4000$ in next two months, i think it will take al least 5 to 6 months to reach to that point, so we can expect that before june 2018 we can see the price of bitcoin touching 10000$. Everyone wants bitcoin to hit that price but after the china FUD the price went up so if theres another FUD it might hit $10,000 or might go down.
Seeing the fluctuations in bitcoin value as of today it seems it will only move within the range of $5500 - $6000 more or less the value before the closing of this year might be $6500 but it will still depend if the appreciation will continue otherwise the value will still remain at $6000..
I think bitcoin has a very strong support from the investors and therefore i think that at the end of 2017 the price of bitcoin will cross 7000$ very easily, i am sure that bitcoin will cross the 6000$ limit in next week. i think the present time is the best time to invest money in bitcoin, if a person want to get some good profit from it. I am starting trading some month ago.Bought some alta coin but now all alta coin are down and i donot understad what can i do?I get a big lose if i sell this.So how control my mind ? 
you should practice self disipline , the moment you but an altcoin profit is what is in your mind right ? if you sell your coins right now would you think you could get profit ? obviously no ! so the best advice I can give you is dont ever sell if you are not gaining profit jusy Hold it it will never be always down surely it's value will rise just wait for it The problem with altcoins is a few thousand dollars can literally change the entire market. If you invest too much, a single dumper could ruin everything for you. Look at what happened with eBTC recently. Someone dumped like mad and the price crashed ~80% within an hour.
maybe in term of price, system, technology, gold defeated by bitcoin.
but, gold have other side that not owned by bitcoin. gold is pure treasure, cant decrease and useful.
and i think much people know gold than bitcoin, it mean gold's popularity is more than bitcoin
How can you said that gold defeated bitcoin by being a useful thing? Bitcoin is more useful than gold because if you will use bitcoin then you can transact to the other part of the world which is faster than the other way of transferring money and the potential return in bitcoin is bigger than the gold. So based on my comparisons i thin that gold has no chance compare to bitcoin.but, gold have other side that not owned by bitcoin. gold is pure treasure, cant decrease and useful.
and i think much people know gold than bitcoin, it mean gold's popularity is more than bitcoin
Technically speaking there are already professors or teachers who are now engaging in Bitcoin and somehow trying to teach it to their students. But overall I guess it is a good idea to add cryptocurrency as part of the curriculum not only for Economic Class but also to Business administration/management classes. Though some of the Deans or principals aren't allowing it due to the reason that they don't understand how does the industry work and how will it helps the students to succeed and fulfill their goals.
I think the time will come very soon when it will be the compulsory subject in the curriculum as I am telling it on the solid grounds of the reality and we are observing that bit coin is popularizing with very high speed of velocity in the whole world.I knew few people whos into gambling addiction,they always says that they have learn from mistakes upon losing and no budget to play,but when they have another amount to in hand.those mistakes will happen again,and again.what ever i adviced then yet nothing happens
Although everyone already know about their mistake that they usually done in gambling, but still they find it hard to over them, because they always try to make more money in short time, but for every time they do not succeeded and they just waste the time. I think we need top lay gambling in such a way that we can over come all our mistakes. More business accepting bitcoin is the answer. As more and more people start to use bitcoin so the need grows with that comes price rises. Supply and demand.
But very honestly i would like to say, that currently i do not think that enough business have adopted bitcoin. may be in some places we can expect, specially in modern countries, but i do not think that there number are much more. But in future we can expect that a time will come when bitcoin will be use as currency and then most of the businesses will accept bitcoin for payment methods. Bitcoin prices plunged from $4900 to $3300 withing pan of few days. Now some news-points from bitcoin world are claiming this price plunge was planned. Check following links:
Now without going into whether above claims are true or not, my concern is "Isn't this is the right time to enter the bitcoin market or purchase few more". There is definite signs of improvement in the bitcoin price market. Current price is around $3757. It is quite possible to see bitcoin back to 4k to 5k or more. Given biggest players from finance sector are eying this lucrative market.
What do you think, is this is right time to buy some more bitcoins or wait and watch?
it is unlikely that the price of Bitcoin will return to $ 4k - $ 5k, Now without going into whether above claims are true or not, my concern is "Isn't this is the right time to enter the bitcoin market or purchase few more". There is definite signs of improvement in the bitcoin price market. Current price is around $3757. It is quite possible to see bitcoin back to 4k to 5k or more. Given biggest players from finance sector are eying this lucrative market.
What do you think, is this is right time to buy some more bitcoins or wait and watch?
if you are wondering if it is currently the best time to buy Bitcoin I should say yes,
because we know the price of Bitcoin every year will be higher ..
Now is probably a good time to buy Bitcoins because the price has dropped some. Its possible that it will drop more, but its hard to speculate. The one thing we are pretty sure about is that the price of Bitcoin will eventually rise to new highs at some point. If I had extra funds to invest, I would definitely consider buying more now while its cheaper than the high. You will most likely make a profit.
All invest have their own risk, so always be wise investing, I'm not saying that Bitcoin ain't good to invest money on but as investors says invest what you can afford to lose, so if you can afford to lose all your money then go, the stakes are high but if you're luck then the return would be magnitude.
I think yes it will be risky if you will put all your asset in one business,. i think it is too much important for you to distribute your investment in different kind of business for security reason and for getting smooth income purposes. I talk to big economists they say Is only a Bubble my thought Is no bitcoin Is revolution of economy even doesnt have a background like gold the value Is power of the people what do you think?
What i have observed that economists are good with the fiat and paper money, they don't have any well awareness of bitcoin and cryptocurrencies. And one more thing mostly economists are linked with banks and government that's why they don't want to convey positive aspects of bitcoin and cryptos.I do not have technical knowledge, but I understand that sooner or later there comes a time when things need to be improved. And in bitcoin, too, there are imperfections. And it seems that people have learned from the updates to make profit...
I personally have lack of knowledge about segwet2, but i can expect that everything will be in favour of bitocin. as bitcoin is the first crypto currency and most of the people have more trust on it, therefore we can expect that bitcoin will remain as the number one crypto currency of the world for a long long time. Hope that segwet2 will be in faovour of bitcoin. Bitcoin is still illegal in some countries for many reasons, I think thats because some of these countries are having trouble to control the bitcoin. because its uncontrolled and there is a possibility for a new way for crime activities, those are some other reasons that I often hear in the media.
But i do not think that most of the countries consider bitcoin as illegal. i think that most of the countries do not have taken any decision about bitcoin. They do not consider it as legal currency, but still they even do not have any official announcement about bitcoin as illegal currency. i think that with the passage of time they will turn bitcoin as legal currency just like japan. who already turn bitcoin as legal currency. https://www.deepdotweb.com/2016/01/23/bitcoin-playing-an-increased-role-in-crime-europol-says/
Would you believe that the existence of bitcoin has increased the number of criminality in some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.
This just shows that as bitcoin develops both advantages and disadvantages will tag along.
Would you believe that the existence of bitcoin has increased the number of criminality in some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.
This just shows that as bitcoin develops both advantages and disadvantages will tag along.
I find it hard to believe. In our country it's the opposite actually. The crime rate decreases, because people who were desperate to find jobs resulted to bitcoin, so now they just do bitcoin. However, there are still cyber crimes reported such as scamming.
Seeing money go up and down does bother you so much, you must patient. Patience and Holding is a best strategy for your successful but it has two sides.
In the world of crypto currency, if you planning for long term investment then there is only one way of your safe survival and that is you need to remain patient throughout the time. Patience and holding are having a very direct relationship with one another and there is no way that we can deny the importance of controlling your nerves when you talk about holding your coins for longer time.Yeah to make best profits in future with bitcoins you need to have patience to hold your bitcoins longer and even if you see price dropping you need to hold your coins tight and wait for the right time to sell your bitcoins in order to make some good profits from it.
Everyone says trading is easy,you have to pickup a good coin and then invest your money there..Will you guys,please tell me how I know it is a good coin or bad?What certain things I should check about that coin?What types of information helps me to know the coin is good?
You have to check everything with it, it background, the investors feedback and how long does the coin lives? Does the project still developing and having a good progress?
If so, invest on. But most and on top investing coin is nothing but bitcoin alone. Some might just pump and dump.
the thing here is that Bitcoin is like gold, and like gold it has to pass through fire to become what it is today, so Bitcoin is the fire purging the whole crypto space, at the moment i think no other currency in the world can shake the price, remember that alot of people are seeing what Bitcoin could be in the future... at the moment i think Bitcoin could only drop to maximum of 4500$ and head straight to 8000$
I also expect that to happen. Maybe a dip will happen after the fork to shake off the market before another trend will be formed. Consequently , I don't expect that new trend to keep seeing bitcoin diving downwards. This is because users have realised that bitcoin has a great capacity to come back to bullish over time and so many would still hold in there wallet to expect further growth. This will help bitcoin.
So, like you said, people come to know now that bitcoin will come back again dont matter how hard is the dip. It profits.