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Well, I will say its your own many that you invested and so you can claim it any time you want. I wouldn't say you are inpatient because I don't know how long you have invested into this bitcoin and the amount you have lost so far since the drop in bitcoin price.

Quote from: Emoclaw on July 15, 2017, 07:11:08 AM

If you sell Bitcoin for Fiat, then you have to pay taxes.
While Bitcoin is a currency, it is considered a commodity and therefore by selling it you're 'making money'.
It's illegal if you don't pay taxes.

So, must the one buying bitcoins also pay tax? Since the two are both trading in each way. Well, it is illegal to pay tax, but we live in a situation were cryptocurrency is purely said to be decentralized and anonymous. Why must I pay task for selling my coins to someone who wouldn't pay any tax for buying from me?

A useless bitcoin will never be ranked as the number one among all coins unless there is something serious or an important characteristics that the the coin posses. Every on e would want to have bitcoin because it is more valuable compared to any of the other cryptocurrencies on the market currently. Despite the bad market these days, bitcoin is still doing well. It is number one because that is the coin most people believe in.

Bitcoin is already a digital currency and so, I would say yes, it worth it. But I do not describe bitcoin as just a mere currency. it goes beyond the currency we use for its description. I consider it as a digital assert. Everyone would want to have bitcoin. Even the FUDsters, aside the bad attributes they give to the coin, always would want to have some bitcoins.

What you earn is directly proportional to the work you do per the bounty rules. You may have all the follower, yet will earn nothing if you plagiarize in blogs and article writing, or you do cut and paste directly from white paper, only with the aim of cheating. I have some valuable coins from bounties but currently the market have shrink them all. Besides, these days, when the coin hits the market, they get dumped.

The world is gradually evolving, and it will continue to evolve but its just a matter of time. Bitcoin could be use as a means of payment of online services currently. Previously, in my country, getting service online was very difficult because paypal isn't working, but now it is more easier with bitcoin. The only problem is that not all shops accept bitcoin and to shop using bitcoin, you have to get means of payment that encourage use of bitcoin. But we cant completely move from cash to cashless. There will definitely be some cash forms of payments in the system due to fear of hacking.

Well, I just read from a thread hear, you are definitely right check this thread here , https://bitcointalk.org/index.php?topic=1587377.0. Its says some years ago most FUDsters only wanted the downfall of bitcoin but, they rightfully knew in their mind that bitcoin was never going to fail. I bet the price will recover but now. They either create FUDs around the price bitcoin or use the government. Remember most of the news are fake and from their own blogging site. As for me, I am not moved by any of their tricks because they only want to buy more at cheep price.

I always love to see threads like this. indeed bitcoin has no competition we hear that a lot but seems not to be understood by many. I just wanna add up. Bitcoin is the only long surviving coin after series of research by Satoshi Nakamoto. No other coin can overthrow this coin no matter how it is being forked. every one would love to have some. FUDsters are just singing in the air to create panic only to buy from the fearsome persons.

Quote from: pooya87 on August 05, 2018, 03:35:16 AM

technically it is not natural to have a fall like this when everything is going fine and there is a lot of positive news around signalling rise but then the market moves in the opposite direction. there must be something unnatural happening that causes this kind of drop out of nowhere!

but of course the panic is not justifiable either.

Currently, there is no positive news for bitcoin. All that we hear these days are governments banning the use of bitcoin in their countries and FUDs. But as earlier said, bitcoin will be doing fine soon. I have hope because there have been worse days in prices fluctuation and investors survived those days as well. The problem is that, bitcoin is been sold too much instead of hodling.

I think the reason why others see bitcoin as a digital gold is due to its precious value. It is very hard to include bitcoin as a legal tender. The volatility rate of these coins are too high and beyond standard of control. Besides it is more of an asset for investment. I think if you have bitcoin, you have an asset just like gold. Gold is physically precious and bitcoin is digitally precious too. But the two are different anyway.

Well, your attempt to invest in bitcoin is great. That is a bold decision. Now, you have to estimate or determine the nature, value, quality, ability, extent of your investment. Also, try to find out if your country prohibits or accepts the use of bitcoin. It you pass all that, determine the amount you wanna invest into bitcoin and find any centralized exchange and get some Satoshi or bitcoins into your wallet.

Quote from: richardsNY on June 07, 2018, 06:14:17 PM

I am glad that I don't have to hedge anything since a large chunk of my wealth is parked in Bitcoin already. I do hold a relatively small amount of gold as well, but I am not planning to add more in the coming years, unless the gold price tanks deep, but that's highly unlikely. In other words, I'm good. In most cases people will only act when it's too late already, which makes me feel sorry for them, but on the other hand it's their ignorance and unjustified trust in the regular economy making them lose out. We have been through so many economical difficulties, that people should have had a wake up call years ago already....

A true legend of bitcoin. I will not hold much wealth in bitcoin compared to gold. Probably balancing them is much better. 50:50. But I guess you know what bitcoin has done for you that is why you prefer to hold your wealth in bitcoin. Currently, the price of bitcoin is dwindling, and I can imagine the amount you are losing now. Recently, my friend lost 93 bitcoins because his hard drive crushed.

That is really so sad. Sorry for the lost. Currently, about 35000 bitcoins are lost and cannot be accounted for all for the same reasons stated above.I wish there is a way to recover a lost wallet. If I was the one that lost this amount of coins, I would have been going through an acute traumatic stress disorder. Just imagine the time spent on mining, the energy consumption, wow. So is there no means to recover the coins?

Well AI is now being re-branded into Artificial General Intelligence. This type performs the general and not the specific. AI can really influence blockchain in many positive ways but its just a matter of time. Researches are still ongoing and some are being tested for the hypothesis. If its yields a positive result, then I think blockchain will be the greatest technology of this generation. We hope to reach there someday.

Quote from: Saiful Islam777 on June 14, 2018, 07:42:14 AM

Bitcoin prices have started to fall. some days, the currency market will be unstable. Now, while investing in crypto currency market, they can achieve doubling profits with prices.

market prices are always unstable. The price of bitcoin in a minute now will be different from subsequent minute, either by increasing or decreasing. But currently, the fluctuation in the market price isn't that huge and I think it is good for trading. I have been wondering what exactly causes the instability of this market.

Thank God its just speculations Grin

because it will be difficult for crypto to replace fiat. We do forget about the many shortcomings of cryptocurrencies. Even the owner of the most popular coin is still yet to be known despite the value of that coin and almost a decade old now. Let the fiat leave in its fiat world and the crypto be the alternate form for online businesses.

The banking system is still in operation and crypto is a different avenue all together. If the banking system is to be replaced by crypto, then what will be the bases for determining the value prices of crypto in fiat. This is because if banking systems die off, fiat dies to since all banks deals in fiat. It will be awesome to have a crypto ban tho. But currently, most countries are banning the use of cryptocurrencies.