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Showing 20 of 166 results by Zuminest
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Topic
Board Bitcoin Discussion
Re: Bitcoin will get legitimacy in all countries?
by
Zuminest
on 28/06/2018, 09:24:11 UTC
As the demand keeps increasing automatically more countries will start legalizing the use of bitcoin looking upon the growth of countries that have adopted bitcoin long back. With bitcoin we can feel the legitimacy and people describe it as a scam when people start to use bitcoin a source to trap common people.
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Topic
Board Bitcoin Discussion
Re: Bitcoin vs Dollar
by
Zuminest
on 31/03/2016, 10:22:48 UTC
one of the biggest problem with dollar is inflation.. over time all currencies lose purchasing power because government keep printing more money.. with bitcoin you don't have this problem because the system is designed to make bitcoins to be finite.. only about 21 million bitcoins will ever be released.. the release of new  bitcoins is slowly down and it will stop completely within few decades..
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Topic
Board Bitcoin Discussion
Re: Bitcoin could consume as much electricity as Denmark by 2020
by
Zuminest
on 31/03/2016, 10:02:59 UTC
now we can use solar panels to generate electricity as it is the cheaper one compared to others.. by 2020 more advanced methods to generate electricity will be found... so electricity won't be a great problem...
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Topic
Board Bitcoin Discussion
Re: what happens to Bitcoin if internet goes down?
by
Zuminest
on 31/03/2016, 09:57:26 UTC
if internet goes down, sure there is no life for bitcoin and all the bitcoiners will be found upset.. but that won't happen very easily.. by chance if internet is lost, we can regain it and can give life to bitcoin again...
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Topic
Board Bitcoin Discussion
Re: why most of btc users are russians?
by
Zuminest
on 31/03/2016, 07:09:17 UTC
Russia's legislative assembly has banned bitcoin domestically..  even though it is banned people are using btc and i dont think that most of the btc users are Russians..
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Board Off-topic
Re: du you spend coins on real life.
by
Zuminest
on 31/03/2016, 07:03:27 UTC
yes i spent my coins only for purchasing some digital goods online.. most of the times i keep my coins in my coinbase...
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Topic
Board Bitcoin Discussion
Re: Why should people use Bitcoin?
by
Zuminest
on 31/03/2016, 07:00:48 UTC
people use bitcoin to earn more money.. on the otherhand few use bitcoin to gain knoeledge about new technologies.. and most probably people use it for online shopping...
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Topic
Board Speculation
Re: Will bitcoin hit $600 this year or down to $200?
by
Zuminest
on 31/03/2016, 06:38:09 UTC
it is speculated that bitcoin grows up and hits $600 this year.. because the price didn't went too low even during fall times.. also halving is coming this year... so everyone is waiting for a huge price rise,..
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Board Economics
Re: Why Latin American economies are turning to bitcoin
by
Zuminest
on 31/03/2016, 06:27:47 UTC
Bitcoin empowers Latin American entrepreneurs to tap into a truly global market by permitting them to accept payments from customers anywhere in the world without facing exorbitant cross-border transaction fees..
bitcoin would free up hundreds of millions of incremental dollars annually in Latin American economies.. so the Latin American economies are turning to bitcoin..
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Board Economics
Re: Bitcoin replaces the money? Could happen?
by
Zuminest
on 31/03/2016, 06:16:30 UTC
due to decentralized nature of digital currencies, there is no significant upfront cost for a government to switch to digital currencies.. physical money needs constant printing and monitoring.. but bitcoin is financially and environmentally friendly.. even though it has more advantages, replacing money by bitcoin is a doubted one....
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Board Economics
Re: Bitcoin halving to be canceled?
by
Zuminest
on 31/03/2016, 06:02:36 UTC
halving can never be cancelled by anyone.. as long as bitcoin is alive halving occurs for every four years..
miners wants price increase.. if halving is cancelled, price won't increase.. so definitely halving will happen..
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Board Trading Discussion
Re: What is the minimum amount to start as a trader?
by
Zuminest
on 31/03/2016, 05:50:17 UTC
as trading is risky, you don't want to invest a huge amount on trading.. a small reasonable amount is enough , i just started trade for 0.01 btc.. at start if you trade for huge amount there can be a chance for loosing it..
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Topic
Board Economics
Re: Distribution of bitcoin wealth by owner
by
Zuminest
on 31/03/2016, 05:40:15 UTC
recent estimates has shown that majority of people with substantial shares spreads their btc wealth across multiple addresses. the wealth disparity in bitcoin may not be as extreme as the address data would suggest..
 in fact it's likely that the top 1% of the btc holders only own around 78% of all btc..
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Board Economics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
by
Zuminest
on 31/03/2016, 05:30:19 UTC
by 2022 we may see bitcoin emerging as the currency of global e-commerce due to its lack of cross-border fees and the opportunities it represents for the developing world..
 bitcoin will speed the adoption and expansion of access to international shopping based on the ease with which it can be implemented and lack of current competing solutions..
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Topic
Board Economics
Re: How to save money.
by
Zuminest
on 31/03/2016, 05:14:31 UTC
you can save your money by just investing in bitcoin.. bitcoin money exchange is different from usual banks.. bitcoin can provide very high levels of security if used correctly and you can have control of your money...
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Board Off-topic
Re: Do you actively spend your bitcoins?
by
Zuminest
on 31/03/2016, 04:56:45 UTC
the real answer is NO... bitcoins cannot be used in real life.. means it cannot be accepted in local stores,any restaurants etc... but if i use bitcoins i will actively spend it in purchasing some digital goods from online websites..
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Board Economics
Re: Does the Price of Bitcoin Matter?
by
Zuminest
on 31/03/2016, 04:50:41 UTC
sure, the price of bitcoin matters because everything depends upon the price rise and fall... when price rise everyone will be eager to sell their bitcoins and when it fall they may buy it...
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Board Economics
Re: What percentage of people on Earth will own Bitcoin by 2020
by
Zuminest
on 31/03/2016, 04:46:10 UTC
as bitcoin is uncertain we can't predict to which extend it goes.. if people get more awareness, bitcoin can reach a maximum of 40%, because 2020 is not far away...
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Topic
Board Economics
Re: Do You Think Bitcoin Will Replace Dollar Soon?
by
Zuminest
on 30/03/2016, 10:00:18 UTC
bitcoin may not replace the U.S dollar anytime soon, the underlying technology of the blockchain is certainly generating hype among mainstream financial institutions..
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Topic
Board Economics
Re: Bitcoin is Becoming a Global Currency
by
Zuminest
on 30/03/2016, 09:54:38 UTC
literally bitcoin can never be accepted as a global currency... the bitcoin is a currency and not real money.. the problem with this is bitcoin does not allow for fractional reserve banking..