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Showing 20 of 58 results by Sayed Rifat
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Board Bitcoin Discussion
Re: Best wallet for bitcoin?
by
Sayed Rifat
on 16/05/2018, 14:54:40 UTC
I am looking for the best bitcoin wallet.

What do you recommend guys?
I think Myetherwallet.com the best wallet. So I would recommend using this wallet. There are some rules in this wallet. Private in this wallet can not be used. This wallet has to use its own password which serves as its security. This wallet is safer for a user. So I think this wallet should be used.
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Board Bitcoin Discussion
Re: Positive attitude of bitcoin
by
Sayed Rifat
on 21/04/2018, 13:01:40 UTC
  I was thinking about current situation. Couple days ago there were news that binance is under the pressure, and their CEO immediately told that they would open an office in Malta. And blockstream immediately told that they have an office there
As I understand, serious people from crypto-world, at thegoverment level with officials make laws for themselves. Miners, meanwhile, are sitting in Canada with their farms and somewhere else. It turns out that the entire bitcoin infrastructure is safe: devs can still code, investors still could invest, miningfarms are also under protection with a reliable guarantor. So technically now there are no critical threats for bitcoin.

   But with bitcoin we have an interesting situation. Firstly, it was just digital currency, then it became "the store of value", and now it converts into programmable platform. Honestly, nobody will pay for beer or coffee with bitcoin, people are too greedy, and buy something big is still a problem, also because of high volatility. I cannot say that it won't work, but the time hasn't become for it, nevertheless there are already things like houses and cars that you can buy for bitcoin, but this position is till too weak. We have a couple really strong positions : corruption, black market, semi-legal schemes for taxes and guys that buy everything if it is in trend. I think it is pretty cool, but still not enough for full common life integration, cause crypto-hipsters don't have enough financial volumes, and illegal world has its own structure, that could increase the volume, but not to the moon.

   And and seemed like there is no light at the end of tunnel, if bitcoin hasn't started to transform in programmable platform. Recently there was an announcement from FileBazaar
   And today the new word appeared LApps - applications on lightning. FileBazaar is the first one LApp - in couple of words, it is a platform for digital content, for which authors are paid in bitcoin via the lightning channels. And it is undeniably cool, because recently were invested 1.5m$ in lightning.And it is not a funny project like crypto-kittens. And as you understand, there are no tokens given in exchange for anyone or anything. Those, this is a really considered decision.

   Bitcoin is almost completed technically, some issues are still remaining, but there is a much strong need in marketing, promoters and sales managers. We need to adapt it for common people, we need contracts for use, paying terminals, possibility to buy everyday products. In this way bitcoin cash has higher rates and possibilities. But today it seems to be almost impossible due to unpredictable laws, and inconvenient transactions. With value storage we also have problems, because different officials and event mass media can drop the bitcoin´s exchange rate, hamsters and dummy investors start panic sell. Centralized exchanges the only place where the rate is established - are under the pressure of whales and big corporations, the real liquidity of the market under big question. Hence we have problems with bitcoin´s usability, hamsters cannot continue provide the fuel for bitcoin, and other population of  our planet is still too uneducated in cryptoworld a lot of people still think that it is a kind of pyramid or soap bubble), they cannot understand it and sometimes even hate it. And the new breath of bitcoin is a wonderful way around all these problems - the programmable platform does not let developers to go down (their investment is invaluable), at the same time, as we noted above, at the levels of closed meetings with the heads of some countries, new economic zones are opened for the further work of firms. Devs have something to work on , companies still receive their benefits,  conservative investors can invest in real propety, miners are in safe position also. It could be real the second breath of cryptocurrencies , and much stronger, binance at the state level reveals an economic zone with the size of the country. Lets see what will be on Malta in next couple of years.

   Let's not forget that bad guys can also help survive the cryptocurrencies. After all, this is a great way to "launder money", from illegal sources, which sinful high officials of all heads of state. So I would not be afraid of special sanctions, because there is someone to resist and fight. And if you say that bitcoin is not so anonymous, then there are still anonymous altcoins, and if there will be a strong need, there will be guys who will sponsor completely anonymous protocols that can be defeated only by disabling the Internet.

   All in all I think that lightning with proper marketing can give the second breath for bitcoin. What´s your opinion guys?
The positive attitude of bitcoin is:-
1.A co-ordinated group of private institutions speculating on a sharp fall in the value of Bitcoin.

2. A contender “altcoin” network intending to replace Bitcoin as the dominant cryptocurrency.
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Topic
Board Bitcoin Discussion
Re: Is Bitcoin Hackable?
by
Sayed Rifat
on 21/04/2018, 12:37:17 UTC
All is hackable, above all if it is a online system.
But i think that is not easy to hack the bitcoin system, and the team is constantly work to make secure their systems
Bitcoin is not hack able. Because it is a currency. But it's wallet is hack able. But if you secure it properly it is safe. so I say you must secure it properly.
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Board Bitcoin Discussion
Re: So Bitcoin is King.. why is it?!
by
Sayed Rifat
on 21/04/2018, 12:32:34 UTC
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.
Bitcoin is a king. Because it's  prize too high from the other coin. Nad it's prize become rise day by day. On the other hand other coins prize is low from bitcoin. And it is too safe from other investing way. All over I say it is a king.
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Topic
Board Bitcoin Discussion
Re: Is bitcoin a better payment system?
by
Sayed Rifat
on 21/04/2018, 04:32:26 UTC
The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).
Yes. Bitcoin is a better payment system. Some days ago if  a person paying in the other country he goes to bank or other agency. For this reason he must pay a big amount.  But if he or she pay with bitcoin it is easy and safe and it is low costly.  So it is a better payment system.
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Topic
Board Bitcoin Discussion
Re: Why bitcoin is created?
by
Sayed Rifat
on 20/04/2018, 17:36:17 UTC
Bitcoin is digital currency or known as the father of all crypto currency that has the potential to become the new money or the electronic money around the world. Bitcoin is also the most expensive digital coin and it is almost compare to the gold but why bitcoin is created?
Here are some reason :
* To change the perception of all people about the digital currency.
* To improve the payments and transactions and in the internet world.
* To become the image of money around the world.
* To protect or hides the identity of the user, for security purposes.
* To give an opportunity to all people around the world to earn a secondary income.
* To upgrade the currency because everything in this world is now upgrading.

SHARE YOUR THOUGHTS Smiley
If this post is worth of your merit, Thank you Smiley
Basically, society needed an alternative to the regular financial system through which people could trade.  For this reason bitcoin is created.
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Board Bitcoin Discussion
Re: What is the best way to earn bitcoin?
by
Sayed Rifat
on 20/04/2018, 08:28:58 UTC
What is the best way to earn bitcoin aside from signature campaign and bounty campaign...
Is there a legit way to earn bitcoin by investing time and effort only?
In my opinion, the best and easiest way to earn Bitcoins is to accept them as a means of payment. If you have a small business, the integration is done quickly and easily. No matter if you have a brick and mortar shop or an online business , no matter if you sell goods or services.
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Board Bitcoin Discussion
Re: Why you Still believe in Bitcoin?
by
Sayed Rifat
on 17/04/2018, 10:37:06 UTC
This is more secured stage contrasted with banks and it will return more benefit so every one of the people groups are drop the record in bank at that point join the crypto stage so it is additionally encouraging stage.  Wink Wink Wink

honestly! Bitcoin is exchange the whole way of existence. 
Bitcoin is an unfathomable length of time computerized cash so it will keep on crypto organize.  Roll Eyes Roll Eyes
So,
Bitcoin will never pass on anyway one plausibility is possible Internet is fail miserably on the planet normally computerized types of cash are kicked the basin. Grin Grin Grin
btc give me money and help me.its exchange  whole way of existence.
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Board Bitcoin Discussion
Re: Btc good experience for young people
by
Sayed Rifat
on 17/04/2018, 10:31:34 UTC
Hey, I'm not old but I'm closer to old than young. I was fortunate to get into the stock market early and even a couple ipo's which led me into real estate etc. so now I'm in crypto, follow it, read it still trying to figure it out. Anyway, although everyone is now talking Bitcoin I think this story has sent a message about saving and investing to younger people. I don't think speculation is a good lesson but the ability to do more with ur money than spend it or gain no interest in a bank account is a good thing and I only learned it by listening to others as I was making my way.

I don't think btc is the answer to everything and it could even crash, that would also be a lesson, but the US population in general does not save a lot of money, perhaps this new development could help change that.
btc good for young boy or girl just like me.I can get bitcoin and get dollar or money.so it good for us
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Board Speculation
Re: Is this a good advice?
by
Sayed Rifat
on 17/04/2018, 10:11:24 UTC
Bitcoin price is rising up in rocket speed and penny-pinching mind is always yelling that hold.. hold and hold your Bitcoins. Don't convert to fiat or spend them. But, there's a big risk...what to do?. This is a question somebody asked me today.

I didn't answer at him, but, thought deeply about that and got the following mind.

If you've 10BTC convert 5BTC into fiat and wait until the remainder is reaching to 10BTC and do the same again.

Is this a good advice?


yes it is a good advice.Because  it helps us financialy.Its save as time to lose.
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Board Bitcoin Discussion
Re: Why Bitcoin is better than Cash.
by
Sayed Rifat
on 12/04/2018, 07:51:30 UTC
What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

Look at the benefits of bitcoin.

* Works online 100%, 100%transparent for private and commercial use. Total control of private or public money for it's holder or holders, investors, governments etc.
* As It's works online there no need of expensive steel safes or bank deposits to keep your money safe. Any password or time code can be used.
* No fees. Unlike cash, hasn't 2%-3% of inflation every single year.
* Accepted for Food Shopping & Micro payments via electronic card.
* 0 confermations time, with introduction of "instant pay" function.
* 0 exchange risks in use of proper securities and competent insurance.
* any entrepreneurs is able to understanding of the value of payment.
* No need for pay terminal for small businesses. For small entrepreneurs it's a high expense of 70 bucks every month.
* Theoretically it's would not be needed to have an expensive licensed cash register, for small entrepreneurs, as every transaction is totally transparent. So cases of black money flow would be easily found and proven.
* Banking and gambling. No need of any verification for CFD,Stock,Currency or gambling services.


Bitcoin is better than cash. In many reason we say its better than cash. Such as cash is too risky. He loss his money in many way. But if a person take some good step he protect his bitcoin wallet. So I say it is better than cash.
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Board Bitcoin Discussion
Re: king of all coins
by
Sayed Rifat
on 11/04/2018, 18:54:01 UTC
new coins that have come a lot in the crypto world have an impact on the market price. however, after the arrival of the same ripple operates behind the blockchain.
will this coin replace BITCOIN or BITCOIN will continue in its position and remain the king of all coins?
Bitcoin is the king of all coin. Because it's prize is excessive from other coin. Other hand it is more popular than any other investing way..So I say that it is the king of all coin.
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Board Legal
Re: Is it legal to sell bitcoin for cash ?
by
Sayed Rifat
on 05/04/2018, 02:10:19 UTC
I was thinking of selling my bitcoins for cash. Is it perfectly legal to do so ? Amount is close to 3-4K.

Thanks for reading.
If your Country bans Bitcoin, transfer your Bitcoin to a wallet of a foreign country (Coinbase operates in 32 countries). If you want to cash in, then use third party services like Virwox to get USD in Paypal, then use Paypal to get cash in your local currency.
Bitcoin is like Torrent, peer to peer and you can’t block it. If you have access to internet, You can use Bitcoin anytime, anywhere
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Board Legal
Re: Buy bitcoin for someone else?
by
Sayed Rifat
on 05/04/2018, 02:00:12 UTC
Hi, Can some one advise

My friend wanted to invest in bitcoins He wanted to give me say £1000 from his bank and gave it to me in cash, If I was to say put the cash into  my bank and set up buying bitcoins from my online account would this be legal? , He has no knowledge on how to buy or trade them..

Thank you





Criminals are always seeking new ways to gain access to cash or to use third parties to move property or conceal transactions.
If you are considering buying or selling bitcoin for someone else, consider that you will have no practical recourse if money promised to you as a fee or commission isn't paid or if a cheque or money transfer is cancelled or reversed leaving you with a loss.
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Board Legal
Re: Dark use of Bitcoin
by
Sayed Rifat
on 05/04/2018, 01:51:14 UTC
1) Are you used Bitcoin to buy illegal staff Huh

2) which better to buy legal things  Bitcoin or Normal Bank system (PP,payeer,cash ,.............)
Four primary areas of criminal activity lend themselves to cryptocurrency: tax evasion, money laundering, contraband transactions, and extortion – not to mention the theft of cryptocurrency itself, which is all too easy with Bitcoin.
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Board Legal
Re: Why Banks are attacking Bitcoin ?
by
Sayed Rifat
on 05/04/2018, 01:35:49 UTC
Day by day we are getting news like , this country reject bitcoin that country accept Bitcoin. Technically it stands a contrast perspective with the Central Bank and the economy of the country. But as I love BITCOIN , I pray Every single country will accept BITCOIN one day.

No Liabilities or debt with BITCOIN:

Bitcoin is a conveyor machine, meaning that there are no liabilities or debts associated with it. You can't get loan from it , or you can't get profit through interest.  If you hold it, it’s yours. And as such, there can be no run on a “bitcoin bank.” It's Independent.

Bitcoin is considered as Fiat Currency :
Of course you can assume,  holding bitcoin superior in many ways to holding fiat currency in a deposit account. Here Fiat currency are those which can not be backed by commodities . It has all the benefits without the risk of capital controls. Because of this, the growth of bitcoin is sucking value out of national currencies. The higher capital will rise the higher value it will get.

The Capital is really HUGE
I think there is now more than $70B worth of bitcoin sitting in bitcoin wallets.One thing to consider here , the asset is not under any management. So we can call it AUP (Asset Under Management ) , but we can call it Assets Under Protection (AUP). And here is where the risk to traditional banking resides. What does a world look like when a simple bitcoin wallet is indirectly protecting as much money as big giant companies , organizations like  Bank of America or Fargo etc.

Wallet Becomes Bank
At that point that wallet becomes a bank, Haha , a newer form of bank with decentralized function, with different rules, operations, and monetization policy.

The Last Reason-  PEOPLES LOVE BITCOIN
The real reason that banks should worry about People loves BITCOIN. People always love easy process, better stability and full control. All things are available in this case. Bitcoin actually threatens the bedrock policy  and business model of Banks. That's why Banks are attacking Bitcoin.

I am trying to write good article and trying to research more to build good article. Really dreaming to get first MERIT. Thanks you guys. (Forgive me for any mistake)
Cheesy Cheesy Cheesy
Big Banks want to destroy Bitcoin before it destroys them.
Bitcoin, the “people’s currency,” has the potential to become a new currency, free of the control of big governments and big banks.
That’s why they both want to limit this potential. Each one in their own way. Big governments by stepping up regulations of Initial Coin Offerings (ICOs) and by shutting down cryptocurrency exchanges.
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Topic
Board Bitcoin Discussion
Re: No future for bitcoin
by
Sayed Rifat
on 04/04/2018, 06:27:04 UTC
Guys, I think in future bitcoin will fell down and Instead of old blockchain technologies will come new and more large-scale projects. Bitcoin It is just the beginning.
No it is wrong. Bitcoin have a future. In 3 days of this month I seen that bitcoin's prize become rise. And I think that bitcoin prize is become more rise. One day of this year it broke down it's old all record. I am waiting for that day.
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Board Altcoin Discussion
Re: give your best advice
by
Sayed Rifat
on 04/04/2018, 06:21:56 UTC
I would like to ask for your advice, I have $3000 USD. and I am confused, what should I do with my money?I have an idea, I will participate with ico, and I will invest each $200 USD in each of the ICO.What do you think? is it a wise choice? or better I invested all my money for one ICO? I would like to know your opinion on this subject
If you have $3000 USD you invest it in bitcoin. Because in 3 days we seen that bitcoin prize become rise. I think in 2018 it break up its old record. So I advice you to invest in bitcoin.
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Board Bitcoin Discussion
Re: Why Bitcoin is better than Cash.
by
Sayed Rifat
on 03/04/2018, 13:25:50 UTC
What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

Look at the benefits of bitcoin.

* Works online 100%, 100%transparent for private and commercial use. Total control of private or public money for it's holder or holders, investors, governments etc.
* As It's works online there no need of expensive steel safes or bank deposits to keep your money safe. Any password or time code can be used.
* No fees. Unlike cash, hasn't 2%-3% of inflation every single year.
* Accepted for Food Shopping & Micro payments via electronic card.
* 0 confermations time, with introduction of "instant pay" function.
* 0 exchange risks in use of proper securities and competent insurance.
* any entrepreneurs is able to understanding of the value of payment.
* No need for pay terminal for small businesses. For small entrepreneurs it's a high expense of 70 bucks every month.
* Theoretically it's would not be needed to have an expensive licensed cash register, for small entrepreneurs, as every transaction is totally transparent. So cases of black money flow would be easily found and proven.
* Banking and gambling. No need of any verification for CFD,Stock,Currency or gambling services.


In 4 reason bitcoin is better than cash. These are:
1. With Bitcoin people get the liberty to exchange value without intermediaries which translate to greater control of funds and lower fees.

2.Bitcoin can help us do online shopping. It’s like an e-wallet which can be created blockchain technology to store, track and spend digital money.

3.Bitcoin has a global acceptance and is less volatile than cash / local currency.

4.The underlying technology behind bitcoin, which is, blockchain is what makes or breaks it.

So I say that bitcoin is better than cash.
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Topic
Board Bitcoin Discussion
Re: Bitcoin in 2018
by
Sayed Rifat
on 03/04/2018, 03:59:48 UTC
The journey of bitcoin from 2009 to 2017 is very interesting. Although the stories of individuals(investors) are very interesting and motivational that how they initiated and what problems they faced at earlier stages.

In 2017 the number of businesses accepting bitcoin continues to increase. Where you see the bitcoin in 2018?
In 01-04-2018 we seen that the prize of bitcoin go down -5.61%. In 02-04-2018 we seen that the prize go up 0.15%. And in 03-04-2018 we show that the prize of bitcoin go up 3.14%. I hope in 2018 bitcoin break up their old record.  So I say it is best time to invest in bitcoin.