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Showing 20 of 394 results by bitcoinsocial09
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Board Bitcoin Discussion
Re: Increasing Number, Who Own 1 bitcoin
by
bitcoinsocial09
on 23/01/2020, 17:44:39 UTC
This is sign of holding which is good for the bitcoin price I think. The more 1 bitcoin holder increase, it will create scare and the price will be higher because we have limited bitcoin all time.

Agreed, I've always said that the market will determine bitcoin's real utility - as a currency or as an investment. It feels like bitcoin's best use is still as an investment. And this is fine, especially since there are so many other cryptocurrencies that could serve as a currency, best use for transaction due to its stable and modest value.

To the OP, statistics that you've cited are challenging to infer specific influences or conclusions from, particularly because it's so easy to create a bitcoin wallet, by anyone! So the increase in BTC wallets with at least 1 BTC could simply be an indication that "whales" are spreading their wealth around among multiple wallets so if any one wallet gets compromised they won't lose as much coin.

This could also mean that in the last 5 years it's been possible for people to acquire more Bitcoin...a good, but not alarming statistic at only 11% annually (or in the last year).

Listen, they're all positive signs...just tough to declare a single conclusion.
It is clearly a good sign since the community of bitcoin is already increasing because of this number but isn't 11 percent is just too small for a year improvement I understand that it is not easy to acquire 1 bitcoin but still this means that there are only a few people that are serious in this kind of investment in cryptocurrency. But I think it is better than a decrease in number at least this could still affect a lot in the market for sure this is good news since we have an increasing number of investors in bitcoin.

As this percentage increases yearly I think we could easily assume that bitcoin market price is going to pump in the coming years, this is a good sign so far. For sure in the coming years, this number could increase up to 30-40 percent since it is becoming easier to spread information using technology.
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Topic
Board Bitcoin Discussion
Re: Future of Bitcoin
by
bitcoinsocial09
on 23/01/2020, 16:47:55 UTC
   #Great Security

   #High risk=high benefits

   #future primary money or alternative?

   #One world currency

   #It will be legitimate tool to whole world

   #affect to democratic country’s economy?

#Great Security
Agree I think bitcoin has great security compare to other digital money on the internet but still this is one of the disadvantages of digital money compared to fiat money for sure it is prone to hacking.
#High risk=high benefits
There is also a high risk in cryptocurrency or bitcoin since it has a versatile market as always we could expect the market price to dump or pump as we invested.
#future primary money or alternative?
I think bitcoin is just an alternative i could imagine this as a currency but as a global currency i think it is impossible since it is decentralized in my opinion it will never gonna be allowed by the government unless it is regulated,  in my opinion it is just going to be a successful alternaative currency like what it is today..
#One world currency
Not gonna happened unless the system itself is change or countries become one.
#It will be legitimate tool to whole world
It is already use as a alternaative currency in the whole globe.
#affect to democratic country’s economy?
For sure it affects a lot when it comes to economy.
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Topic
Board Pilipinas
Re: May tax ba ang Cryptocurrency?
by
bitcoinsocial09
on 14/01/2020, 14:19:49 UTC
Just wondering, ang cryptocurrencies ba ay may tax? Ayon sa Taxation Law ng Pinas, kapag kasi ang isang freelancer ay lumagpas ang kinita sa PHP250,000 sa loob ng isang taon ay may kaukulan na itong tax.

This case might be sensitive pero matanong ko lang, wala pa bang kumatok sa mga bahay sa inyo ayon sa usaping ito? I mean tax evasion.
Share your thoughts and experiences, hirap kasi na parang ilegal tong ginagawa natin dahil wala naman talagang batas ukol dito
Tingin ko sa ngayon directly ay walang tax ang bitcoin since ang bitcoin ay mayroong decentralized system. Ang alam ko sa mga freelancer ay everytransactions ay nababawas na ang tax in every transactions sa website naginagamit nitla. Tingin ko naman nakadepende na ang tax sa bitcoin wallet na ginagamit natin since mayroong fee ang transactions i think sakop na nila ang tax ng bitcoin dahil ginagamit nila itong assets.

Mukhang hindi pa tayo taxable kasi hindi pa gaanong kilala ang crypto sa ating bansa at mukhang wala pa nakitang hakbang ang gobyerno sa pagkuha ng tax sa mga crypto traders at freelancers sa ngayon. pero may kutob ako sa pag dating ng ilang taon ay may tax na ang pag withdraw ng cryptocurrency kasi marami ng tanong ang coins.ph sa ating mga ginagawa at minsan pati narin ang mga remittance center so for sure may ginagawa na ang gobyerno na hakbang para rito. 
kung mali ako na hindi pa kasama ang tax sa fee na binabayaran naten siguro nga wala pang tax ang bitcoin pero tingin ko dahil isang business ang like for example coins.ph ay mayroon silang tax na binabayaran for sure dahil doon sila kumita di namn peding hindi sila register dahil magiging illegal ang paggamit nito sa Pilipinas dahil for sure malaki na ang kinikita nila at popular na rin ang kanilang website at application.
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Topic
Board Services
Re: BestChange Bounty and Signature Campaign
by
bitcoinsocial09
on 13/01/2020, 13:48:26 UTC
#Proof Of Authentication
Bitcointalk Name: bitcoinsocial09
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1026160
Current amount of Posts (Including this one): 415
BTC Address: 3Lif4MXmxGxz4uMErTAKHRr3xV5QGueFGm
I am joining: Signature Campaign

Thanks!
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Topic
Board Bitcoin Discussion
Re: Why bitcoin can not become a global currency
by
bitcoinsocial09
on 08/01/2020, 05:23:28 UTC

Yes, I agree eith this people look up to the stability of their money and Bitcoin might not be able to satisfy it due to the fact that Bitcoin's fluctuation rapidly changing and I think it is not suitable in performing transactions like paying bills which may be one of the possible uses of Bitcoin if it was accepted locally and of course the government would not allow this kind of system that might overpower them.
The stability factor is indeed one of the reasons why Bitcoin cannot become a global currency, In addition, the decentralization factor owned by Bitcoin I think also includes other reasons. We know that Bitcoin is a decentralized system where the Government or other third parties cannot regulate and control Bitcoin.
I think the decentralized system of bitcoin could be a big issue here when it comes to being a currency because it cannot be regulated by any government. I think having a global currency is impossible since in different countries we have different standards we cannot buy something that is at the same price in other countries. We are already using bitcoin as a global currency since anyone could use it in the world and send a transaction but just an alternative currency.
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Topic
Board Bitcoin Discussion
Re: How difficult is it to change total bitcoin's 21 million suppply?
by
bitcoinsocial09
on 07/01/2020, 17:24:36 UTC

What kind of process have to go through? Who make the final votes? I guess the change is similar to implementing BIP.

I heard many posts here said "Economic Majority" vote decides. Does this mean who hold the most bitcoins decide? Maybe not. I guess BIP is determined by Bitcoin Core developers, so the total bitcoin supply (21 million) is also determined by Bitcoin Core developers.

Also, the argument against the "Economic Majority" is it is often the case we can't find holder for the addresses with a lot of bitcoins. How can we contact them for vote?

Thank you indeed!
I think it is impossible to change it I don't know how the system works but surely if it was easy to do a lot of people already done it but until today no one has done it.
In my opinion, we need to hack bitcoin or crack the bitcoin technology in order to change the supply of bitcoin. I think developers could do this but in the case of bitcoin, we don't really know if Satoshi Nakamoto is still alive or even if he is alive we don't know if he could do it.
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Topic
Board Bitcoin Discussion
Re: Why Cryptocurrency is better than fiat currency?
by
bitcoinsocial09
on 07/01/2020, 16:33:33 UTC
Surely as a digital currency cryptocurrency have a lot of advantages compared to fiat currency. I think as digital money something like transactions, physical form is one of the top advantages transactions could easily make around the globe easily using cryptocurrency and also it is secure since it doesn't have a physical form. But still, the biggest issue for me is the cryptocurrency will not going to be a currency like for example bitcoin since it has a decentralized system and cannot be regulated by the government.
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Topic
Board Speculation
Re: Now that we touched $8,000, what's next?
by
bitcoinsocial09
on 07/01/2020, 15:31:01 UTC
Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000.

https://www.binance.com/en/trade/BTC_USDT

What do you guys think that will happen next? is this the bull run we are long waiting?
I think this is a good sign that bitcoin is slowly recovering from the dump last year relaying in the bitcoin news we could easily see a lot of legalization of bitcoin in a lot of countries all over the world.
Surely this is an effect the market price in influencing a big community or a country so I think bitcoin could recover and make the bitcoin market price increase as the community also becomes bigger.
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Topic
Board Pamilihan
Re: How I Got Tricked and Lost all my Cryptos stored in Coins.ph
by
bitcoinsocial09
on 06/01/2020, 16:00:20 UTC
Nako mukang talagang inside job siguro ito dahil automatic coins.ph na kaagad ang nagtext wala akong idea kung madali lang bang gawin yon pero kung hindi mukang may nagleak na information ang coins or talagang may inside sa loob ng coins.ph. Mukang delikadong mabiktima neto hindi ko akalain na ganun lang kabilis ang pagkahack sa mga ganitong links. Salamat sa pagshare mo ng info double ingat nalang siguro nagauauto log-in na ba ang account kapag clinick ang link diba hindi naman siguro ganoon kabilis paglog-in or siguro nakukuha na din ang mga info na nakasave sa browser?
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Topic
Board Pamilihan
Re: [FREE RAFFLE] HAPPY NEW YEAR, HAPPY NEW GAME
by
bitcoinsocial09
on 06/01/2020, 12:07:19 UTC
80 - bitcoinsocial09


Happy New Year Everyone  Smiley Smiley
adding 9,10 to my slots
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Topic
Board Bitcoin Discussion
Re: They want your Bticoin. Don't fall for this new scam, it's too real
by
bitcoinsocial09
on 05/01/2020, 15:08:42 UTC
That's was too obvious surely it was just another scammer in telegram messaging random people with his useless offer hoping to scam someone or a newbie that hoping to gain a profit.
Don't fall in this one quickly report the account and block it thanks for sharing it in the forum that would help a lot of users here.
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Topic
Board Bitcoin Discussion
Re: Survey: if you have $50k fiat ,will you invest in btc or put it in bank?
by
bitcoinsocial09
on 05/01/2020, 14:58:17 UTC
Just what the title says if you have $50k fiat ,will you put on btc or in bank ,which of them will give you bigger profit after 10 years? Your money will gain interest when you put in a bank, your already sure the amount will increase, or put it on btc and leave it for 10 years. Which is better?
I think both of them are different and have their pros and cons I think the bank is a great wallet that you could put your money since it is safe and you could also earn a small profit through the years.
And then bitcoin if a great investment since you could earn a good amount of profit in just a small-time but the risk is so high compared to banks and also your money could also go down or dump.
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Topic
Board Speculation
Re: Will bitcoin will move up if there is a war with Iran
by
bitcoinsocial09
on 05/01/2020, 14:35:56 UTC
Seeing the world economic conditions, will bitcoin move to all time high if there is a War with Iran ?
Oil and gold prices are already up within last few days. Will Bitcoin will be next?
'
Surely if the war continues and become bigger and bigger this bitcoin technology is going to be useless just like in the past wars a lot of things will not going to matter anymore and the focus is going to be in war or more on having a higher firepower or troops for most of the countries that involve this bitcoin surely will be useless if we all die.
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Board Bitcoin Discussion
Re: How to know if a bitcoin trading is worth trusting?
by
bitcoinsocial09
on 05/01/2020, 14:19:55 UTC
Hello all,

I am new to this whole bitcoin thing and know very little about it.

A few days ago I got added to a Telegram group which is run by a bitcoin & binary trader.

I am being proposed 100% ROI, with the trader claiming 95%+ success rate.

If I invest $500, I will get back $5000 within 5 days.


So, my question is - how do I know if this is legit or not before investing?

Their fees would be 15%.

Thanks
There is no way you could get that profit in just 5 days obviously it was a scam this is just a classic method of scam or an HYIP.
Don't fall into this investment thing I've even tried 15% profit and it was just a complete scam imagine your the percentage in your profit you cant even think of a way how they were going to make your 500$ into 5000$ in just 5 days.
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Topic
Board Altcoin Discussion
Re: High price but no volume
by
bitcoinsocial09
on 05/01/2020, 14:06:22 UTC
It's back to square one if you are holding a coin or token for long term and finally altcoin season comes and the token or coin surge in value but has no trading volume on exchange, all your efforts and pain while holding is total waste, do not hold tokens or coins that have no demands, real use cases are what makes them very demanding
This is an old thick in trading that a lot of people do or even companies in their new token, to make it look like the token have a high price in the market what they were going to do is do a lot of transaction in a high price but very low in volume, If you do this the transaction in a certain exchanger would look like the token have a high price in the chart since the token have bin buying in selling at a high price. A lot of people do this to fake the price of the token in an exchanger so that they will be interested in the token.
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Board Altcoin Discussion
Re: Death of ICOs
by
bitcoinsocial09
on 05/01/2020, 13:17:16 UTC
ICO terminations in 2019 were unimaginably inadequate contrasted with 2018 August and October both had none, while January 2018 had 160 projects. All things considered, 2019 projects raised additionally funding on average $6.8 million contrasted with 2018 $132,000, still ICOs are losing popularity because of

1. Concerns with funded projects
2. Regulatory hurdles with selling the tokens
3. Crypto bear market
A lot of ICO's in the market are not profitable because there are just way too many altcoins in the market dividing the investors without the demand of the investors in the token their will be no value in the token,
that could lead to the token made becoming a dead token in the market and for years it could stay like that, a lot of ICO's investors was already done with this investment since most of the time there is no profit made so ICO's already have a bad image from the investors resulting to a Death of ICO's.
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Board Bitcoin Discussion
Re: Who is buying Bitcoin in Iran?
by
bitcoinsocial09
on 05/01/2020, 08:29:15 UTC
Apparently the price has trebled on the local Bitcoins market. So is it rich people trying to preserve their wealth, or is it people using it for everyday purchases? Mohammad Reza Pourebrahimi, chairman of Iran’s economic commission, has stated that more than $2.5 billion has been transferred out of the country via Bitcoin. Will this be the primary function of Bitcoin as we creep towards World War 3?
We know that Iran could buy them kind bitcoin but we don't know their motives in bitcoin are they just recognized bitcoin in away.
Still, this kind of move could also be part of the war maybe there are trying to attack the economy having a big percentage of bitcoin might affect the economy.
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Topic
Board Bitcoin Discussion
Re: Affection of World War III to Bitcoin?
by
bitcoinsocial09
on 05/01/2020, 01:37:09 UTC
Surely we don't really know what going to be the effects of this in the market of bitcoin or cryptocurrency.

But we are expecting the market to go down since like in previous wars people don't care about other things like this bitcoin and crypto.

Bitcoin will not matter anymore if we are all dead anyway and it is going to be all about survival.
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Topic
Board Bitcoin Discussion
Re: Bitcoin and deep web
by
bitcoinsocial09
on 04/01/2020, 15:48:00 UTC
Hello!

so i recently heard about the deep web, how it uses bitcoin and how the transactions made there are anonymus. to my current understanding of bitcoin every transaction is written in the blockchain and is known and can be seen by anyone. so my question is where is the anonymus transaction written? and why can't you see it?


The transaction made can be seen in blockchain as in the form of bitcoin address and when it was sent. But it was anonymous since there is no trace of identity in the address when the transaction is made i think the fault was in the bitcoin wallet if your identity was not hidden connected to your address but I doubt that it was public.
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Board Bitcoin Discussion
Merits 2 from 1 user
Re: How many hours an American needs to work to earn 1 Bitcoin
by
bitcoinsocial09
on 04/01/2020, 15:19:54 UTC
⭐ Merited by LFC_Bitcoin (2)
The last decade has been a tough time for many American workers, with the cost of living rising drastically while wages have largely stagnated. However, it appears that the reduced purchasing power of the US dollar (USD) could have been wholly offset had wages been paid in Bitcoin, a cryptocurrency that has appreciated by more than 2,200% since 2015.

With the average American pulling in around $28.29 per hour according to MarketWatch, it would currently take almost 257 hours to purchase a single Bitcoin (BTC) at its current value (circa. $7,315). Comparatively, somebody earning the federal minimum wage of $7.25 per hour would need to work just over 1,000 hours to earn a single Bitcoin.

Full News source here
(Not click campaign, just sharing information)

If you are thinking on getting a job as an American citizen and trying to achieve some FIAT for 1 Bitcoin, that's the information you are looking for Tongue

But we all know all it comes down to price fluctuations and American's market economy and many more variables so it's not something static but as mentioned an average estimation.

To put this into perspective, most Americans would need to work at least 23x longer to earn a single Bitcoin now, compared with 2015.

Have you reached something similar as working as an American citizen to buy a piece of Bitcoin (Satoshis) as for your Investment or any other related crypto involvement?
That's still a long way considering 257 hours of work and also expenses maybe around 300hours of work. I think if you are really aiming to invest in bitcoin to buy 1 bitcoin I think it is pretty much achievable even if you are not an American, even in other countries you could invest your job salary in bitcoin. But I think this is a difficult decision to make since cryptocurrency or bitcoin is a big risk and even a lot of people would have his second thoughts with this because you work hard for it and there is a chance you could lose your money.