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Showing 20 of 28 results by bgsmrtftboy
I think yes bitcoin is the future money. Currently it is getting spike in acceptance - which is important for the prices to rise and traders to invest more in it. Gradually more merchants will accept the coin and it will be used by maximum number of people with all types of articles.
Re: What were your experiences with Bitcoin when you first started?
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Re: What were your experiences with Bitcoin when you first started?
My first experiences with bitcoin was a bit confusing because I was confused what to do how to create address, what security does bitcoin has and what do to once I receive the bitcoin, where can I spend them so at the first day I just experimented and I didn't think to spend bitcoin because it was an useless currency.
Fiat might have an enormous amount of liquidity, is backed by governments and it's well established worldwide. It's our traditional financial system but although it might seem stable, we do see come big crises now and then, simply because people can just borrow money from banks, and since there is no max supply, there is the risk of hyperinflation, and it does happen. 
Re: What is the future of bitcoin and other virtual currencies?
I think there is a disadvantage to it
A low-cost transactional currency, used by many people, will be very open in the future.
Bitcoin is the first cryptocurrency which has mass adoption and so there is high potential for this cryptocurrency to grow which can improve the world economy, another use of bitcoin is trading can be done without revealing the identity of a person and anyone involved with internet can start up with bitcoin network technology. The bitcoin network has its own protocol of 21 million bitcoins which can be created by miners but these coins can be divided into smaller units, the smallest unit of bitcoin is known as "satoshi ". Bitcoin is a revolutionary technology as it can transfer funds immediately and safely without a central authority this digitized form of currency has the potential to expand the global commerce and transform businesses as bitcoin can be transferred easily with low transaction fees.A low-cost transactional currency, used by many people, will be very open in the future.
Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
That's pretty cool. considering that Belarus is not the most open minded country... But I am happy they made such a decision 
Have you ever been to Belarus? I don't think that Belarus is not an open minded country. If you listen to a lot of western propaganda, then this can happen. For the western media, Saudi Arabia can be the most open minded country in the world and Belarus and Russia can be dictatorships. But the truth is known to everyone.
Don't think too much about the bad news from China. Always, there are positive news for Crypto instead negative news. This is from Belarus, their government says Cryptocurrency activities will be legal and tax Free in Belarus Starting in March. wow not only legal but also tax free .. 
https://news.bitcoin.com/cryptocurrencies-activities-legal-tax-free-belarus-starting-march/
Yep, I read this news. But it's not exactly... Tax free only for resident... And there're realy bad situation with human rights. https://news.bitcoin.com/cryptocurrencies-activities-legal-tax-free-belarus-starting-march/
For true devotees of Bitcoin, the price of the digital currency is almost irrelevant. They believe in its inherent value or, more frequently, cannot see any value at all in the alternative of government issued fiat currency. Price is therefore not a concern. At the other end of the spectrum, for those that harbor what appears to be an irrational hatred of Bitcoin and anything to do with it, the exchange rate also matters little...
Actually yes. The higher the price the more people are getting interested to it. It is like gold. When the price is down then people are not very interested. When the price rises everyone want to gets on the boat and there is a lot of media coverage. The same holds to Bitcoin and other crypto projects. For that reason, the price really matters.Always keep two things in mind before investing in virtual currency market.
1. Always diversify. Never invest in any single coin. Always try to find more than one coin which has a good potential and a decent trade volume in the market.
2. Never invest every single penny of your savings at once. Always, use SIP route. It is known as "systematic investment plan". The basic idea is to invest a certain amount of money at a certain interval. A little Google search will tell you more about this strategy.
1. Always diversify. Never invest in any single coin. Always try to find more than one coin which has a good potential and a decent trade volume in the market.
2. Never invest every single penny of your savings at once. Always, use SIP route. It is known as "systematic investment plan". The basic idea is to invest a certain amount of money at a certain interval. A little Google search will tell you more about this strategy.
Government also make their transactions so transparent. It would be easy to identify the right party. Bitcoin should replace bank's place in future.to less people know about bitcoin and hard to understand for some people and im sure one day the would understand and change to more good things just like bitcoin..
I think it would really take more time, maybe years from now or we might not see it anymore if it happens, banks are everywhere and fiat is in there, and fiat runs the economy, so if it will make banks disappear, where will we put our paper money...so I think it is far from happening at this lifetime.I once read an article that says bitcoin is used as a payment transaction for terrorists and hackers. And maybe you guys in this forum also already know it. But here i want to convey my personal opinion in that matter. I think that internet and bitcoin interrelated. Many terrorists and criminals use internet .so also with bitcoin which used perpetrator However, despite all these issues, do people make concrete efforts to ban the internet? No. Not because removing and banning Bitcoin is difficult, but because the internet offers more positive than negative. For the same reason, we have to be more careful about our mindset for Bitcoin, because much evidence has shown that Bitcoin brings many positive, if not more, effects than the internet. Internet and Bitcoin are just devices that 'bad guys' and 'good people'. Fortunately, the world is filled with more people in the 'good people' category.
Everything has both good and a bad side. Any transaction with regular debit or credit cards can be monitored and controlled by banks and government.The same way traditional money is used by everyone including criminals.Not only Bitcoin but many other crypto currencies are being used by criminals. More effective as other coins such as Monero which provide full anonymity and completely un-traceable transactions for it's users.
The best strategy - buy low sell high. That is the basic, but the most important thing in trading. Because if you will follow that principles you will have a big profit. In my opinion, we should buy Bitcoin at the current low price, like now.
Re: bitcoin price from 20$ down to 13$. What do you think about this decline?
There's nothing to worry if bitcoin's price may drop now coz it will just recover after a week/s and it's a right decision to invest your money in bitcoin. But of course, you don't have to put all your money in one investment only.
Bitcoin is the most renowned cryptocurrency whose price is increasing at a very fast rate which is making it the finest investment plan.
Investment in the Bitcoin is very good decision for long time because it is now growing due to increasing its buying day by day. If you think that it is go up and down and cannot face some losses in this market then need not to invest because only patience keeper can hold bitcoin for long period.
Investment in the Bitcoin is very good decision for long time because it is now growing due to increasing its buying day by day. If you think that it is go up and down and cannot face some losses in this market then need not to invest because only patience keeper can hold bitcoin for long period.
Bitcoin is popular cryptocurrency because Bitcoin is secured, store of value, more accessibility, decentralization system. Bitcoin is far more liquid, with much larger volumes than every altcoin. Bitcoin has the largest developer ecosystem with more software and more implementations than any altcoin.