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Showing 20 of 139 results by Sithawaka
Yes If Bitcoin dominance will drop low to 40% in the crypto market I doubt that it will effect the Bitcoin price significantly unless it looses its users confidence regarding the future of bitcoin because often its price seems to decrease when there is a huge supply to exchanges more than the demand due to investors moving alternative currencies or investment options so dominance has nothing do with its market price
Of course there are many merchants around the world who accept Bitcoin and Regulations from governments was a big problem for Bitcoin to progress through adoption because any organizations doesn't wanted trouble from the law in there country because it can be very bad for the progress of businesses but even this condition seems like changing because unlike in the past major governments like Japan, Switzerland and many African countries have started to keep an open mind regarding Bitcoin and other crypto so merchants will definitely change there mind and accept crypto in the future
Yes Soon Bitcoin value will recover and many hope that Bitcoin price is getting stabilize which will allow for investors to reduce unnecessary risks and many investors are returning to the market because now Bitcoin is progressing again and many believe that which can make a huge change to its current value and expansion through adoption so the rate of BTC value gain might increase higher
It is no surprise young celebrities like Soulja Boy attracted to the market because now Bitcoin is progressing again and it has become the modern investing asset to gain profits and many believe that which can make a huge change to its current value and expansion through adoption because increase popularity always help to attract merchants
Of course many hope Bitcoin price will get stabilize to reduce unnecessary risks but It is no surprise Bitcoin investors are returning to the market because now Bitcoin is progressing again and many believe that which can make a huge change to its current value and expansion through adoption because increase popularity always help to attract merchants
Re: what is the solution if we are accused of being a scammer?
If some ICO banned you claiming you are a scammer the only way to face the situation is through providing correct information to prove innocence but if this won't work still there is nothing to get worry because in this crypto world there are plenty of work you can do than participating in a bounty like trading cryptocurrencies and investing in ICO projects which can be very profitable and fun than doing a bounty
Regulations from governments has become a big problem for Bitcoin to progress through adoption because any organizations doesn't won't trouble from the low frame work in there country because it can be very bad for the progress and due to regulations and restrictions from government against Bitcoin companies think twice before accepting Bitcoin so freedom from governments is a must for organizations to accept Bitcoin and to adopt it with there core payments and without that it cannot develop as a currency in the future
Regulations from governments has become a big problem for many merchants to avoid accepting Bitcoin because any organizations doesn't won't trouble from the low frame work in there country because it can be very bad for the progress and due to regulations and restrictions from government against crypto merchants think twice before accepting crypto so freedom from governments is a must for merchants to accept crypto
2019 year can be significant for some extend and this will be the year that it will get over the bearish situation because Bitcoin is progressing with adoption than last year but we wouldn't see a significant bull run because due to the last price decline some investors are hesitant to invest in bitcoin than the past due to the unpredictability but I hope this situation will change with time because there is a trend increasing companies are trying to combine crypto with there core payment processes to gain more money targeting cryptocurrency holders which can be beneficial for Bitcoin to recover at least to a considerable level
Bitcoin is progressing with adoption than last year but we wouldn't see a significant bull run because due to the last price decline some investors are hesitant to invest in bitcoin than the past due to the unpredictability but I hope this situation will change with time because there is a trend increasing companies are trying to combine crypto with there core payment processes to gain more money targeting cryptocurrency holders which can be beneficial for Bitcoin to recover at least to a considerable level in 2019
There may be many reasons for Bitcoin to drop but not one and what ever those reasons are they were products which was made by its users and I think at the end the real reason why Bitcoin was dropped due to its users misconducts because some holders tried to take an advantage from bitcoins higher price and sold there coins and some used Bitcoin to invest in other altcoins which made the supply higher than the demand among exchanges and these facts made a huge impact on Bitcoin price to drop
You want to say that there is no demand no supply? Yeah, you can really spend bitcoin to buy ticket, book hotel, even football player was bought with bitcoin and if I remember correctly, one club was sold in bitcoins or something similar. But why just merchants can't integrate it? If nothing, they won't be in loss with this additional payment way. Maybe there isn't really demand but everyone here talks that they want it, in reality no one does anything to get what they want
So what is the real reason they want to integrate the blockchain payment system? won't it even disrupt the previous ecosystem that is already just works well like a charm. After those merchants integrated with bitcoin, Which one get the real benefits with this system ?
People when it goes up and no one when this goes down?
Why should it necessarily disrupt the previous ecosystem?
Technically, the two systems, i.e. a payment system based on Bitcoin and a legacy payment system based on fiat are not disrupting each other in any way. You, as a merchant, can integrate Bitcoin into your shop in addition to whatever you might already be using, and the two will live peacefully together. If anything, it gives consumers more choice provided they are actually going to consummate that choice (i.e. pay with crypto)
I agree with you many merchants are not using bitcoin because they haven't understand how Bitcoin can be use in businesses in a parallel way with fiat currencies with there core payment structure without making a conflict between fiat currency transactions and crypto transactions but in reality if it is implemented properly in a company both fiat and Bitcoin payment transactions can be done to provide benefits to both customers and organizational stakeholders
I agree with your submission about the volatility of Cryptocurrency being the main obstacle to it's wider adoption.
But we need to understand that the structure of Cryptocurrency is decentralized and that could be the reason the volatility.
To solve the issue of volatility, then there is the need to change the structure from decentralized to centralized which in itself is not feasible.
But we need to understand that the structure of Cryptocurrency is decentralized and that could be the reason the volatility.
To solve the issue of volatility, then there is the need to change the structure from decentralized to centralized which in itself is not feasible.
Volatility is a significant problem and that is a big reason why its adoption levels are low but I doubt we will be able to solve the problem of high volatility by making Bitcoin a decentralized currency because even under a centralized party with the current changing demand level and users mentality to use it as a short term trading asset there won't be any effective way to control its rapid price fluctuations even with a dedicated team but I think with enough expansion and wider adoption naturally it will become stable so the problem is just a temporary situation
Regulation can create demand for bitcoins. By making them a means of paying taxes or closing major financial transactions, it provides legitimacy to the currency. That naturally diffuses knowledge, familiarity and demand for bitcoins across a wider swathe of people, breeding acceptance. This is essential. This increased demand in turn can help manage the volatile swings that typify bitcoin today. The currencys volatility may be loved by speculators looking to claw profits, but businesses still file tax returns and accounts in dollars, euros and other mainstream currencies.
Making regulations might Bitcoin stay and work within a frame work and also it might makes some limitations for its users but any way regulations are essential for Bitcoin in order for it to be formalized and accepted by countries as a currency and one of the main reason why bitcoin haven't expanded and accepted by governments is because Bitcoin is considered as a uncontrollable asset which makes many politicians afraid to legalize it so Going under regulations to make it acceptable is certainly a good thing
Re: Can you buy National Lottery tickets with Bitcoin in your country?
I am just curious to know if you can buy lottery tickets for your own national lottery in your country. I am not referring to all these scam gambling sites with supposed "Provably Fair" lottery systems.
I bought some lottery tickets online and I was only presented with the old traditional payment options and I figured it is time for us to approach these Lottery operators, to ask for a Bitcoin payment option.
If enough people ask for this, they just might consider giving us that option to pay with bitcoins.
What payment options do you have for online lottery in your country?
If your government does not accept or consider bitcoin or other crypto currencies as a legal tender/currency than no way you will be able to purchase those state lotteries with crypto currencies. But you can use third party people who will buy those tickets for you in exchange of bitcoin. I bought some lottery tickets online and I was only presented with the old traditional payment options and I figured it is time for us to approach these Lottery operators, to ask for a Bitcoin payment option.
If enough people ask for this, they just might consider giving us that option to pay with bitcoins.
What payment options do you have for online lottery in your country? And if you really want to try some legitimate lottery, join crypto-games.net. I can guarantee you the results are all legitimate and not rigged
.Of course without a government acceptance there is no possibility but with a third party organization involvement this idea can be implemented because at the end the owner has payed the price for the ticket whether he has payed through fiat money or using Bitcoin but some governments might make restrictions against such actions
Re: Can you buy National Lottery tickets with Bitcoin in your country?
According to my understanding except for on line gambling sites there is no country that has launched a lottery ticket using bitcoin as a means of payment but we would definitely expect an on line Lottery system in the near future focusing on paying with bitcoin or any other cryptocurrency because such sites are becoming more popular among many people in the crypto community and the idea is much great to use Bitcoin to pay winners because it is a valuable asset
If Bitcoin had to go under regulations in order to be formalized and accepted by countries and there low I think it can be considered as important because one of the main reason why bitcoin haven't expanded and accepted by governments is because Bitcoin is considered as a uncontrollable asset which makes many politicians afraid to legalize it so Going under regulations to make it acceptable is certainly a good thing
Like African countries It has become common for any country in the world to use bitcoin as a trading asset but not as a currency to make payments in real world scenarios and also there is no way trading a volumes can do good to a currency without any adoption into businesses because at the end without any real use it can become useless so such trading volumes in Africa are useless which can do no good to the future of bitcoin
There may be other alternative ways t transfer bitcoin from one wallet to another but we cannot think that those ways will always effective and usable like online transactions because one of the very reason why bitcoin was developed in the first place as a digital currency is to provide best features and effectiveness to its users during online transactions but when we consider about offline transactions for many years fiat currencies has build a reputation among everyone so if bitcoin is completely or partially changed to accommodate offline transactions I doubt it can do a considerable change because it is difficult to compete with major fiat currencies
Online casinos have attracted many people despite there country or nationalist and recently opened Bitcoin casinos have change the entire game by providing many entertaining features to players that traditional casino system could not provide in the past and that is why these online sites are gaining large amount of users day by day by increasing there income which is a good way to increase the popularity of Bitcoin and a trading asset and as a currency