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Re: MOONX Sig & Avatar campaign(FULL)
by
Suffoc8
on 21/09/2018, 08:34:57 UTC
Btctalk name: Suffoc8
Rank: Member
Current post count: 116
BTC address(No BCH): 34FiYD5KD9jxmVr2a1GBf6oZgQhUFjQS3J
Wear appropriate signature:Yes
Wear avatar: No
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Board Speculation
Re: Bad news for Bitcoin
by
Suffoc8
on 09/07/2018, 20:32:29 UTC
If the opinion of Robert Schiller is seriously taken into account by investors from around the world, it is simply because he was the Nobel Prize in Economics in 2013. But when it comes to talking about Bitcoin, man does not chew his words. He is not seized by the craze that surrounds crypto-currencies for several months now.
Mr Schiller believes that Bitcoin is a speculative bubble that will end up exploding, even if in itself this virtual currency should not disappear.
He has a point, although bitcoin and other cryptocurrency are decreasing today, I believe that it will not be easier as that, that bitcoin will be pop like a bubble and disappeared.
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Board Bitcoin Discussion
Re: Bitcoin is the world’s 6th largest currency
by
Suffoc8
on 09/07/2018, 20:28:37 UTC
Bitcoin is the world’s 6th largest currency. These figures are noteworthy, but if the value of a single Bitcoin goes up to $15,000, India’s currency Rupee will pass. Ethereum ranked 17th and Bitcoin Cash ranked 20th. Ripple is located just below 20.
How many years Bitcoin will need to become No.1 ?

It is good to hear that bitcoin and other cryptocurrency are now being knew by other people and being the top6 largest currency. I think it can be possible to bitcoin to become number one.
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Topic
Board Bitcoin Discussion
Re: Will bitcoin go under regulation
by
Suffoc8
on 09/07/2018, 20:26:24 UTC
Many government are seeing Bitcoin or cryptocurrency as a threat to their financial system and they think it should be regulated to solve the problem. Do you think they can regulate Bitcoin ?
I think they ban bitcoin and othercryptocurrency because they rhink that bitcoin can be a cause to much bigger issues such as bitcoin can be used online and it is hard for the government to trace it like buying illegal products or any illegal stuff.
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Board Bitcoin Discussion
Re: BTC transaction fees is going down.
by
Suffoc8
on 09/07/2018, 20:23:58 UTC
From last few days, btc transactions fees has been reduced remarkably. Even its transactions fees are now lower than bitcoin cash. It is really a great news for btc trader i think. How it can help the current market?? Share your logic please .
I think it is a good news to all of us especially to the bitcoin and other cryptocurrency trader becuase they can trade in a little transaction fees so that they can earn much higher profit.
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Board Speculation
Re: Has Bitcoin reached its goal?
by
Suffoc8
on 09/07/2018, 20:10:48 UTC
I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022), but the goal that it would be a legitimate alternative to inflationary government fiat currencies.  When the altcoin market is examined, it is inextricably linked to the price of Bitcoin.  Where Bitcoin goes, so does the rest of the cryptocurrencies.  There's even somewhat of a dismissive attitude toward other crytpos in some investment circles; strangely this was a similar sentiment held by those "respectable" investors when Bitcoin was in its infancy.

What do you think?  I'd love to hear from some crytpo veterans.




I think bitcoin already reach its goal, and that is being a helpful stuff to humankind. It helps a lot of people in doing there daily activities and it makes them more productive because they not waste their time a lot.
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Board Bitcoin Discussion
Re: Best way to store Bitcoin safely ?
by
Suffoc8
on 09/07/2018, 19:43:42 UTC
Hi guys
I know this might sound like a newbie question, but Ive not had enough bitcoin to think about putting any in cold storage since Cryptsy ripped me off when they went down Sad
But just lately ive built myself back up a bit, and just need to check my understanding of a creating a cold wallet is correct ? This is what I think was the best way but im not sure Huh

1. Download latest BTC client
2. move to a pc not connected to the internet.
3. Create an address on that PC without internet.
4. Send fund to address created on PC with no internet access.
5. Save keys in safe place Smiley

Also I was wondering if there are any 100% safe third party wallets that enable quick access if needed ?

Sorry if my question has been covered many times, but I just don't want to make a big mistake.

Thanks
Rick
Thanks for the information, you are right keeping your bitcoin in a offline wallet is much safer and you can put it in aywhere you want.
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Board Bitcoin Discussion
Re: My country banned bitcoin. What I can do ?
by
Suffoc8
on 09/07/2018, 19:31:36 UTC
I love bitcoin and cryptocurrencies. I feel more comfortable doing so and will do whatever that I can to support it. Now tell me how can I work with Bitcoin and cryptocurrencies? Although it is illegal in my country.

My country Bangladesh.

Apologies if this is not the right place to discuss.
Thanks in advance.
I am sorry to hear that, we dont have a power to make it legalized again it your country but I think you can still used bitcoin secretly in your country, just used in privately and nothing will happen.
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Board Bitcoin Discussion
Re: Can you wait to prove them wrong about Bitcoin?
by
Suffoc8
on 09/07/2018, 19:29:04 UTC
I dont talk about it to anyone anymore because the negativity is too much.
I am confident they will all be proven wrong in the not so distant future.

Those same negatine people may end up looking to get into crypto in a few
years when they see the benefits.
Today, there are lots of people that become rich because of bitcoin, and I think I dont need to prove them that I am right or what so ever, I will just mind my own business and do my part as a bitcoin user.
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Topic
Board Bitcoin Discussion
Re: Bitcoin is it the Future of Banking ?
by
Suffoc8
on 07/07/2018, 13:31:09 UTC
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I think bitcoin will not replce the fiat money but the users can have their own choice whether they will chose fiat money or cryptocurrency, this is great because today the users have their own choice to pick than using only a fiat money before.
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Topic
Board Bitcoin Discussion
Re: Why people are still buying Bitcoin?
by
Suffoc8
on 28/05/2018, 18:40:44 UTC
If people buy Bitcoin at $8,000, they will get 100% profit only when Bitcoin reaches $16,000. If it takes 5 years to reach $16,000, people will earn more money from Gold and Silver than from Bitcoin. Silver is giving 20% to 35% profit in one year.

Mining cost of one Bitcoin is $5,000 or more. When Bitcoin was $400 or $800 it was understandable because people had to just spend $400 or $800 to get one Bitcoin and $1,200 is super high profits when Bitcoin started from $1.
People are still buying bitcoin and still investing to bitcoin and other cryptocurrency because they are believing to the ability of bitcoin, they have a faith that it can go higher in near future because there are lots of people that think that bitcoin will help them to get wealtheir.
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Board Bitcoin Discussion
Re: Bitcoin have more risks than benefits?
by
Suffoc8
on 28/05/2018, 17:13:21 UTC
Bank of Spain, in Madrid, says that the bank of cryptocurrencies, bitcoin, it's not worth it, and there are more risks than benefits. There are more innovations and they are having more effect.

Notices: https://traders.fxstockbroker.com/article/use-of-crypto-currencies-has-more-risks-than-benefits-bank-of-spain-head
             https://www.compuserve.com/news/world/story/0002/20180523/KCN1IO0YB_1


What is your opinion?


Bitcoin is risky, Yes that is really true but all new things are risky, but if we take the risk and go with the new thigs that can help you to improve your life then why not to take the risk because the thing is it can help you a lot and make your way of living easier and faster.
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Topic
Board Bitcoin Discussion
Re: Ways to improve Bitcoin Community
by
Suffoc8
on 28/05/2018, 17:09:10 UTC
Lets give our own opinions in this thread and let's see what are the visions of any users here on forum on what are the things than can affect bitcoin community and value to improve more Wink

So i'm the maker of this thread i'm the first who gives opinion here.
My opinions are:
- Spreading good informations about bitcoin can make it improve.
- If big business will accepts bitcoin or enter bitcoin industry can improve our community because the more investors the more blessings to come Smiley
- Helping newbie investors to prevent scams can help our community because if they see bitcoin in their first invest are scam they would lose their trust in this kind of investment so as soon as possible help newbies to start in bitcoin journey.

These are my opinions on how to improve Bitcoin community so what's yours? Wink
For us to improve and to have a bigger bitcoin community, let us share what we experience, even it is bad or good because we can gain more people if we say thw whole truth, spread the true information dont just share the good ones but share also the bad ones, advertise in social media is one of the most relevant factor to gain a lot of people.
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Board Bitcoin Discussion
Re: What do you mean when you say Bitcoin is number 1
by
Suffoc8
on 28/05/2018, 16:00:16 UTC
We are entering an era of multiple digital currencies, and many of them will survive. Bitcoin is certain to be one of them, but it can't be number one for every factor. Where do you think Bitcoin will stay as number 1

  • Store of value
  • Services in addition to simple money transfer
  • Convenience
  • Security
  • Investment/speculation
  • Safe transfer speed
  • Privacy
  • Freedom from globalist control
  • Other
Bitcoin will stay number one because it is one of the oldest cryptocurrency, one of the famous cryptos of all, it is well known today, have a good feedback to all bitcoin users, very expensive and it is very convenient and easy to use.
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Board Beginners & Help
Re: Need advice for bitcoin wallet..
by
Suffoc8
on 28/05/2018, 15:47:37 UTC
I am newcomer and very interested about bitcoin. I need a wallet before I am purchase some bitcoin. What is the best and most secure bitcoin wallet?

Your suggestion is very important to me
In our country there is an available online application called Coins.ph, this kind of wallet is very useful for me, you can use it to hold your bitcoin, ethereum and our fiat money, you can use it also to load or pay a bill and also it has an easy step to cash out your money.
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Board Bitcoin Discussion
Re: Bitcoin acceptance
by
Suffoc8
on 28/05/2018, 14:32:38 UTC
You can pay with Bitcoin in several stores and even restaurants here in Germany. Are we the only one who have this?  Huh
I thin kyour country is much advance than our country because the store and restaurants in our country is still not accepting bitcoin and other cryptocurrency as a payment, you are lucky that your country is more likely accept the cryptos than other country especially China.
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Board Bitcoin Discussion
Re: Crypto VS national currency
by
Suffoc8
on 28/05/2018, 06:48:32 UTC
I found this expression on the news channel about the crypto currency: "Anyone who will try  to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency."
how do you think, is it realistic? Can a crypto currency replace national  money?
I think that it's possible, but it will take more time.
Cryptocurrency is still new, but although it is still a baby, it is very popular today and everyone are start to knowing it and started to using it in their daily lives. Cryptos and fiat money have different uses so we cant compare them to each other, but for me I prefer cryptos and I am believing to it.
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Topic
Board Bitcoin Discussion
Re: Which is more risky? Bitcoin or bank investment?
by
Suffoc8
on 28/05/2018, 06:23:57 UTC
Bitcoin is indeed risky. But bank investments are risky too. In our country (coz I'm not sure if this exist in other countries). When you have a large amount on your account they will call you and ask you if you want to invest, minimum of 20,000 Php (or 400 USD). They will propose some investment plans where there is a choice of low, medium, or high risk investment. When you choose the high risk there is a chance to lose or gain 100% of your investment (Medium is 75% and low is 50% if I remember it right). It doesn't make sense to me, it sounds like a scam, they will invest using your money and you don't have any control to it. That is why I like bitcoin more, coz Though it is risky and it's very volatile, you have full control on your investment.

What do you guys think?
Yeah, you have a point. If you invest to a bank you dont have a power to control it the bank you invested can handle it they can use it to make or start a to loan every people so that they can earn profit. On the other hand, bitcoin is much riskier for me, but the thing is you can handle your money and no one can control it.
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Board Speculation
Re: Bitcoin value
by
Suffoc8
on 28/05/2018, 06:15:58 UTC
I've just watched the John Oliver show about cryptocurrencies and something struck me about what he said:

 " like most currencies, the fundamental reason that bitcoin has value is that people agree that it has value"

I just want to know your thoughts on this. I only have a little understanding about the idea of currency and its value although i've already been at it all my life. Im new into this kind currency and right now its plumetting.
Bitcoin is very valuable today, it is expensive than the other cryptocurrency. Although it is unstable and unpredictable and we can say that it is risky to be part of bitcoin community, but I think everyone will still invest to it because they are believing to bitcoin.
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Board Bitcoin Discussion
Re: Depending your future in bitcoin...
by
Suffoc8
on 28/05/2018, 05:58:18 UTC
I think bitcoin is really a good investment for now, but I don't think it is a good idea to put all your investment in bitcoin or crypto currencies since it is unpredictable and very risky to take. For me it's still better to start your own business than depend your future in bitcoin investment.

What do you think guys?
Yeah, you have a good thoughts. Although bitcoin is risky and also unpredictable, bitcoin is still a good investment. But if you just depend your future on bitcoin, it is very risky, so I think spread your investment to other cryptocurrency and just like what you have said make your own small or big business.