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Showing 20 of 34 results by TimeManLove
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Board Bitcoin Discussion
Re: Is Bitcoin digital gold or digital cash?
by
TimeManLove
on 24/04/2017, 10:51:58 UTC
For me, bitcoin and means of payment and money. In addition, I use bitcoins as an investment object. Very convenient and versatile financial instrument
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Board Bitcoin Discussion
Re: Difference between Bitcoin and real money?
by
TimeManLove
on 24/04/2017, 10:49:54 UTC

What's the difference between Bitcoins and dolars?

Theres a big difference between bitcoin and dollars. Bitcoin you can used it for fast transactions and easily to send bitcoin to another bitcoin wallet. Bitcoin have many uses online and you can also cash it out.  In dollars you can do buy what you want but its hard to invest now using dollars because they almost want is bitcoin.

Dollars are a currency that is controlled by the government. A Bitcoin is an uncontrolled currency. But of course there are many opposing opinions. Some people believe that bitcoin can control large coin holders
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Board Bitcoin Discussion
Re: What if all nations of the world started to use bitcoin
by
TimeManLove
on 24/04/2017, 10:45:12 UTC
This will increase the price of coins, but you need to improve the system so that there are no failures due to a huge number of transactions.
I agree. And I think that the bitcoin blockchain system can never maintain a huge number of transaction daily if the whole world starts using Bitcoin. There will be another altcoin strong enough to sweep Bitcoin away

Well currently it's fair to say that but what if there's a solution for a possible change in block size which will be agreed by all ? That's why I hate conclusive statements because nobody knows tomorrow.

If you think the whole world will use it, I'm sure that they will try to catch up to to the furthest development for of the bitcoin project. People all over the world, programmers, developers etc will combine all knowledge to make an extraordinary update for bitcoin. Why would the whole world use a limited blockchain system?  Wink

Is the project bitcoin missed something. It seems to me that this system is developing steadily and systematically. Yes, there are some problems, but they can still be solved. I'm talking about a long confirmation of transactions
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Board Bitcoin Discussion
Re: What to do with the people who don't like Bitcoin?
by
TimeManLove
on 24/04/2017, 10:36:43 UTC
Just respect each others opinion. You cannot force bitcoin to others as well as they cannot force their hatred of bitcoin to you. Just listen, state your point and move on. There is no point in listening more if you already made your mind about bitcoin.
it is easy for some one to naturally hate something they do not understand or never heard of and honestly you can not force them to have a change  of heart so its definately best to respect their opinion and maybe one day they will come around.
Yeah , everyone has own choices in his life to like or hate , if anyone is like the thing that you also like then good , but if you like a thing ( bitcoin) but another one don't like then surely you it is his hobby whether this is annoying for him .
So here we can't force anyone to use or like bitcoin .
But yes , one day he will enter in bitcoin if he will see your success of making money .
So without force anyone , keep your hardwork and increase your skill of earning in the bitcoin and altcoins .

It is best not to force people, but simply to show the advantages of bitcoin. Many will understand that bitcoin is very promising. Some will use it in investing. But we must not force people to buy and use bitcoin
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Board Bitcoin Discussion
Re: Stable BitCoin
by
TimeManLove
on 24/04/2017, 10:32:58 UTC
Cryptocurrency can not be stable. It depends on demand. And the demand is constantly changing. Yes, in the long term, bitcoin has a stable growth. But this happens with a lot of collapses and recoveries
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Board Bitcoin Discussion
Re: What is the best source of bitcoin nowadays?
by
TimeManLove
on 24/04/2017, 10:30:39 UTC
These days, we are seeing the altcoins in their numbers riding on the wings of Bitcoin. As I wright this, Litecoin is priced over $15 and that's some good news for savvy traders, I followed Dogecoin the other day from 18 Satoshi upto 31 Satoshi, where I exited, but the price went further to touch 61 Satoshi before the bubble burst. I will recommend to all to go learn to trade, because that is where it comes easier to make some coins nowadays,

That's right trading is the best way to make bitcoins in quick time but that is possible only if you have good knowledge about the market trends as altcoin market seems to be very good at a moment so if you choose a right coin then you can make really good profits from it.

No doubt, trading is best way. But it is full of risky and time taking way. Also i never see anyone perfect doing trading, including me. Because in the start, when i started to do trading, than i got too much lose, but with the time, i learn from my experience mistakes. But i accept trading is a good source of income nowadays.     
Well, it's your choice whether you will take the risk or not, when you will not take it you will not gain and lose money. Sometimes we also have to be a risk taker, that is the only way to easily get our dreams in life, we all want a comfortable life and yet we will not take risk, so it will not be realize.

Yeah higher rewards comes only with higher risks and if we want to become rich in future then we need to take that extra risk of thinking out of the box and if everything goes fine then it will bring good profits for you in future.

I no longer work with high-yield projects. They all do not work long. Conceived, they exist only in order to take money from investors.
The best way is to earn bitcoins. This can be done in MLM

Since MLM are nothing much different than ponzi schemes I would say that even ICOs(that are scams by definition) would look a more sure investment.

You probably know little about MLM. In fact, in these projects you can earn. It's just that you must know how to do it. And use the teaching material. This is an active business that can bring big money
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Board Bitcoin Discussion
Re: What type of wallet do you use?
by
TimeManLove
on 24/04/2017, 10:27:24 UTC
I see many people recommend blockchain.info as a wallet, previously I only used it to check my transaction) I've tried many wallets (particularly with debit cards), guess, it's time to try this one too.

You need to be very careful while using blockchain.info. The safety of your coins is in your hand. If you forget your password, or if you lose the access to your wallet somehow, then no one will be able to help you. Your coins will be lost forever. So make regular backups, and write down your password in some secure location, if you are using blockchain.info.

You scared me. This wallet is unreliable? I do not know how to make backup copies. I guess I'll just start using other wallets. But I liked the blockchain.info. He is probably the most popular purse for bitcoins among beginners
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Board Off-topic
Re: Do you smoke weed?
by
TimeManLove
on 20/04/2017, 20:47:06 UTC
No. And I will never do that. I do not want to become a drug addict and get addicted to it.
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Board Off-topic
Re: Where are you from and how popular is bitcoins in your local environment?
by
TimeManLove
on 20/04/2017, 20:41:15 UTC
In Ukraine bitcoin is becoming popular. Now you can make some payments with the help of cryptocurrency. Top up your mobile account and pay for the internet. Also, through some services you can pay electricity payments
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Topic
Board Economics
Re: USD vs BTC
by
TimeManLove
on 20/04/2017, 20:38:30 UTC
I do not understand why I should compare these currencies. The dollar is for the government, and bitcoin is for the people. So it was from the very beginning of the existence of bitcoin. And bitcoin will never replace the dollar
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Topic
Board Economics
Re: Can we Manipulate Bitcoin price?
by
TimeManLove
on 20/04/2017, 20:36:58 UTC
I don't beleive in some theories presented here saying that governments are actualy contoling Bitcoin by buying large amount in th beginig with the aim to destroy Bitcoin. This is just another conspiracy theory. And Bitcoin is not that relevant to governments as some might think and they don't consider it as such big threath, they have biger issues. But it's true that recently governments are more interested in Bitcoin than before because they see their opportunity to have their peace of cake.

True, I find it amusing how great the imagination of people here in Bitcointalk.  Anyway, it is not logical to a government to spend a huge amount of money to buy Bitcoin and then destroy its market by dumping this bought Bitcoin.  That is just a waste of resources.

I agree with you. The government can not just spend budget money for fun. Therefore, I am sure that the government will not manipulate the price, but large holders of bitcoins
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Board Economics
Re: panic selling
by
TimeManLove
on 20/04/2017, 20:34:49 UTC
Every time I observe such hysterics when the price falls. And it's very funny to read the hysterical forecasts of the novice, who say that the collapse has come, the bubble burst and the like. Unfortunately, such people will always exist
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Board Bitcoin Discussion
Re: Does any bank accept Bitcoin?
by
TimeManLove
on 18/04/2017, 08:10:33 UTC
Several FinTech startups are trying to fill this gap, connecting the banking system and blockchain technology (and using BTC itself), acting as a payment method. I don't believe that the banking system will take a step to get closer to provide itself this payment technology. I saw some banks starting to develop things using blockchain, but BTC, noting yet.

Banks are ready to accept the  blockchain system, but they do not want to take bitcoins. This is not very fair. After all, if banks start taking bitcoin, then it will become much more convenient to use.
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Board Bitcoin Discussion
Re: What are your thoughts for Bitcoin in 2017?
by
TimeManLove
on 18/04/2017, 08:07:01 UTC
2017 was still a good year for bitcoin. We started a good year also, with a good exchange rate then comes this BTU or the bitcoin hard fork issue and BTC prices went down. Now, I think BTC has already recovered and still I am optimistic about it.
BTU is no more trending, bitcoin is now stable and those issue are the ones that threaten bitcoin.

I really hope that there will be no more negative news about the split. No one wants a fork. And if it does not, then the price will rise steadily.
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Board Bitcoin Discussion
Re: Daily use of bitcoin?
by
TimeManLove
on 18/04/2017, 08:02:24 UTC
Hi friends,

As far as I know, bitcoin payments take a little time to approve. Will these approval times make it difficult to use bitcoin in our daily lives?
For example, I would get a coffee from Starbucks. Do I have to wait for approval to pay for what I have done for hours?
i think is easy , you can try to put the big fee for faster confirmation..
i don't try it because in my opinion if big fee is faster like i withdraw in wallet Cheesy
Of course we have that option if we want our transactions to be process faster, fees are getting bigger now and in my local exchange I have to pay at least 0.0011 for the fastest processing of transaction and compared to other payment processor, it is still low since the bitcoin fee is regardless of the amount.

You can also use special accelerators to make the transaction faster. It does not need to put a high commission. I almost always use these sites when my transaction is not confirmed
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Board Bitcoin Discussion
Re: Number of Bitcoin users.
by
TimeManLove
on 18/04/2017, 07:58:08 UTC
I have a doubt. Should we call someone getting BTC0.001 or BTC0.0001 once in a while from various faucets and tips as a Bitcoin user? Where are we going to put the line?

That's a valid Q indeed.

Yes, there are allot of people even here who just get some Satoshi once in a while from signature campaigns, and convert it to fiat as soon as possible. Are they Bitcoin users?
And we can't find an accurate number of Bitcoin users using the wallets or transactions.

People who receive several Satoshi sometimes do not even understand what Bitcoin is and why it is needed. I do not consider them bitcoin users.
Real users are consciously aware of bitcoin and are aware of its advantages
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Topic
Board Bitcoin Discussion
Re: Is Bitcoin money?
by
TimeManLove
on 18/04/2017, 07:53:00 UTC
Money performs many functions. They are used not only as payment. For ordinary people, they are considered only as payment. For the economy of the country - this is an important tool. Bitcoin does not have the functions of supporting the economy. Therefore, it can not be called full-fledged money in the sense that exists now
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Topic
Board Bitcoin Discussion
Re: What are your plans with your Bitcoin?
by
TimeManLove
on 15/04/2017, 21:23:54 UTC
I plan to convert it to fiat and just use it to buy whatever I like. I really hope businesses will accept Bitcoins in my country in the near future Smiley
There's no definite time to determine it but we can do a better job by continuing to support bitcoin so its adoption rate will increase and we will be able to see big business in the future that will adopt with bitcoin as well due to the market opportunity of making profit from the members.

Every Bitcoin user wishes the same, Bitcoin to be fully accepted in their country. It that thing will happen, it will be more convenient using Bitcoin rather than any fiat. But it think it still has a long way to go.
By and large I have little problem with using my bitcoins. Only, I not in such quantity so you can plan any large purchases. While I'm not planning anything and just collect the bitcoin in his account.

I also just collect bitcoins. Sometimes I invest them in some projects. But I plan to just keep them for now. I believe that in a few years bitcoin will be much more expensive than now
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Board Economics
Re: Bitcoin can not replace fiat
by
TimeManLove
on 15/04/2017, 21:18:43 UTC
Bitcoin can not replace fiat because fiat is very powerful and it is government supported so it will be hard for bitcoin to do defeat fiat. It is just good for bitcoin to not replace fiat because it will not succeed and it will just lose some time trying to do that. Skip doing that and focus on other helpful things rather than defeating or replacing fiat.

Correct, fiat is government currency and Bitcoin is independent. Governments will always want to control their currencies which is one of the main reasons why Satoshi Nakamoto created Bitcoin. I think both will exist together for a while.
actually in present time the users of bitcoin are also very few. as a large number of people still do no know any thing about bitcoin. they still need proper knowledge and introduction about bitcoin, but i think it will take decades when all the people of the world will start using bitcoin.
i think the users of bitcoin are continously increasing and we are hopeful that the number of bitcoin users will continue to increase. as we can see that even now the users of bitcoin are present in all over the world, but still the facilities of bitcoin to be use as currency is not available everywhere.

Even though the number of Bitcoin users increase there is still a low chance for Bitcoin to be greater than fiat. Aside from fiat is supported by the government, fiat also roots from their culture and most especially in different industries. If ever bitcoin will be of greater than fiat then a lot will not allow it especially those banks that will vanish if let this happen.
actually it will take a lot of time, as still not a 1 percent people of the world are using bitcoin, but we can see that the number of bitcoin users are increasing from time to time and now the users of bitcoin are available from all over the world.

This does not depend on the number of users of bitcoin. Even if many people start using bitcoin, it will not replace the dollar. These are different systems. The government will not support decentralized currency
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Board Economics
Re: The best time to invest.
by
TimeManLove
on 15/04/2017, 21:16:40 UTC
i think does not have the best time. If you have money now you can get it.Because nobody knows what the price of bitcoin will be after five years. Maybe you can be rich after  years. Smiley Nobody knew the value of bitcoin five years ago.look now.
you have a point there buddy. that's what I'm thinking when talking about bitcoin there's no assurance that we can get rich after five years so why just don't believe in bitcoin ? right ? because after 5 years maybe you will be rich . so invest now until it's not over $3000 per bitcoin. but even I'm encouraging you all to invest now maybe you could wait until it's under $1000 before you invest in order you to feel the successfulness when it comes on bitcoin investing.

Waiting bitcoin price down to $1.000 below was the same to you when investing in now time, why? because the both option made you wait for long time or even short time we didn't know when the bitcoin price go up and down, there's a chance when you leave for sleeping bitcoin price may up/down $100. Invest when you patience enough to accept an unknown conditions.

Yes, it is difficult to choose the right time for investing. Everyone should understand that crypto currency is a big risk. Nobody knows what will happen tomorrow with a cryptocurrency.