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Showing 20 of 2,050 results by btccashacc
Nah, we can't do that, this is the hardest thing to do, at least you know a guy or a bunch of people who holds a lot of bitcoins, to be honest we don't know who's behind that address. Anyway I believe as time goes by, there will be more people get into the bitcoin and leads to these whales loosing their power. So we as a small trader don't have to worry about are they going to pump or dump the price.
Indeed, bitcoin is still the best as an investment. Even though that it's extreamly expensive we can still purchase them in a fraction, this is something that most newbies did, figured out that bitcoin is too expensive then they looked up for the altcoin to buy a whole and hoping that price skyrocket like bitcoin, I personally purchase some coins which have good feature that people need it, meaning that the demand is exist.
Re: Bitcoin is wasting electricity and are harmful to the environment.. Yea right!!!
Yes I agree that It's nothing compared to other payment method, the data that you've posted on the OP only in a one country, how about the rest of the world? Paper usage, electricity for the ATM machine, etc. Well bitcoin is nothing, it might bring impact to the enviroment but I think not too much, it doesn't need paper, plastic card, ATM machine, etc. We're only use electricity where we have an alternative such as renewable energy.
Re: How is Bitcoin living up to Satoshi's original vision?
Bitcoin was originally made to eliminate 3rd party which is succeed, but the one thing that make it not accepted widely is the fee just too high especially for small transaction, user should pay higher fee in order to get faster confirmation. While in some countries people are now using payment Apps backed by the bank which is cheaper and simple. So far for big transaction bitcoin doesn't have any issue, sending million dollars with cheaper fee, anytime, anywhere.
I'm going for two scenarios: Bitcoin will either go through the same cycle it went in 2016 & 2012 or this time would be different.
I believe there might be a difference due to the wave of new investors. We've got +1M addresses still holding their coins... so when the next cycle comes, these address might become active. If they do, it'll probably be a huge selloff from those who invested @20k.
On the other side, it could go through the past cycles which means a parabolic price increase followed by a bear market for a long term.. I'm ready for both scenarios anyway. I'll just accumulate alts & BTC and be ready to ride the next cycle the right way.
Interesting, those who bought at the peak now are waiting for the best moment to recover their lost, i used to think that its trend will follow the previous halving, but after seing your opinion about this, I change my mind. Once the price hit the ATH there's gonna be big dip due to those Holders. At least we have to prepare for these two scenarios.I believe there might be a difference due to the wave of new investors. We've got +1M addresses still holding their coins... so when the next cycle comes, these address might become active. If they do, it'll probably be a huge selloff from those who invested @20k.
On the other side, it could go through the past cycles which means a parabolic price increase followed by a bear market for a long term.. I'm ready for both scenarios anyway. I'll just accumulate alts & BTC and be ready to ride the next cycle the right way.
I clicked up the link and just check it out.Those advises are just common points and i fully disagree on one of those which is Gambling.
https://youtu.be/yyYTaZUoMUI?t=148 I post up the correct timespan on where its being mentioned.Its never been considered to be a good
source of income.This is somewhat misleading if i were to say.
I just don't get it why do people put gambling is a way to earn bitcoin, nah gambling is so risky. Anyway this thread started on the last year, if people buy bitcoin back in that time they probably earn profit now, what I'm trying to point out that buying bitcoin and HODL it for long term is the best way to earn profit, besides that offering service and get paid with bitcoin is a good though.https://youtu.be/yyYTaZUoMUI?t=148 I post up the correct timespan on where its being mentioned.Its never been considered to be a good
source of income.This is somewhat misleading if i were to say.
Basically, they can stop it by regulating it, but to shut down bitcoin completely it is too impossible since it's uncontrolled and decentralized. Therefore the only way they can do is regulate and banning it. We all know that in some countries crypto has been banned from using it in terms of payment. Some countries also are trying to embrace technology behind bitcoin The Blockchain and starting to build their own crypto.
I don't think they're ready, even if they're ready the community is not ready, yup less adoption. There are still many people who do not know what crypto is, and how to transact with it still confusing for some people, besides that there are still many competitors who offer the best features comparing to crypto such simplicity and the fee. And don't forget about the regulation, some countries can't use crypto freely due to the regulation.
don't always associate disaster with the existence of bitcoin or the future of bitcoin. After all this is still a local disaster, and it seems they are focusing on finding a safe place to avoid the corona virus, not to find alternatives about how to secure crypto assets. There are no economic disasters and no war disasters here.
Bitcoin can be affected by any massive disaster, specially in China where there are a lot of miners and traders. It has been reported that they are cutting out communications and transportations in certain regions of China in line of controlling of worsening the outbreak. So, that means their internet connection will be temporarily suspended.
On the other hand traders might suspend their daily trading routine as well, to secure their health as their priority at the very moment. Though this might only has slight effect on Bitcoin's price, but If you think any local disaster doesn't have effect on cryptocurrency market, well, come to think of these scenarios.
Re: Trading, ICO, Lending, Bounty. Which one should I do ?
Trading: Might less risky than those options that you've mentioned. You need to learn how the market works, stay updated with the cryptocurrencies news.
ICO : You need to do your own research, learn their whitepaper, find out who's behind that project, the team and their goals, some ICOs look promising but they failed. So you have to be careful.
Lending: Sorry, but I don't recommend this way, is too risky, people can run away with your money.
Bounty: It might be safe, but most of them are asking for verification or KYC, if you're concerned with the privacy you might not upload your identity.
ICO : You need to do your own research, learn their whitepaper, find out who's behind that project, the team and their goals, some ICOs look promising but they failed. So you have to be careful.
Lending: Sorry, but I don't recommend this way, is too risky, people can run away with your money.
Bounty: It might be safe, but most of them are asking for verification or KYC, if you're concerned with the privacy you might not upload your identity.
As long as you're holding bitcoin on your wallet then it can't be taxed, here in our country if you use local exchange and do trade or withdrawal then those transactions will be taxed. But this could be different if you use outside exchange the amount of tax will be taxed based on the regulation of the country where that exchange is running. I personally don't have any issue with taxing, it's good for supporting your country.
Re: What Will Be The Price of Bitcoin After Halving This Year In 2020? Will It I
There's possibility for the price to spike after the halving as we can see in the previous halving, however we can't predict the future, we all know that the're so many factors that could afect the price, those who holding ton of bitcoins have control over the price, bad news or acident like hacking could make people panic and drive the price down, we just don't know what will happen in the future.
Re: Centralized exchanges have become the banks of the cryptocurrency world
I somehow agree that centralized exchange already became bitcoin bank, because most of the users are now using those centralized exchanges and have been upload their details in order to verificate their account, we can't avoid using echange without verifivation because they will limit some features such a minimum withdrawing or even do a trade.
Nope, you can not use bitcoin in terms of payment but only as an investment tool, basically you can't use or transact with other currencies than our official currency whether it's USD, euro or even crypto. So this is the reason why bitcoin has been banned in our country. But owning and trade bitcoin is allowed, because it is simillar to gold.
First of all I really apriciated what you're doing, especially explaining and teaching people about advantage and disadvantage of cryptocurrency. People used to explain about bitcoin in a good way, they don't tell people about disadvantage of owning or using bitcoin, that's why there are so many people lost their money in cryptocurrency because they dont have knowledge or something
From what i understand, you want to open en exxhange and you want to accept cryptocurrency in this case is bitcoin as a payment. I think dogecoin is suited since it's kind of like a pet things and it has cheaper fee comparing to bitcoin,for your information bitcoin has a higher fee especially for small transaction, people have to pay higher fee in order to get faster confirmation.
Re: So...Is Bitcoin the ultimate coin that does not need more development?
Who said bitcoin is on its maximum development? It's still being developing all time and there are a lot of space to grow for developing.
This is why people create alternative coins, they want create something that blockchain doesn't have, but I agree with you there are so many altcoins out there which better than bitcoin but one thing that those coins don't have, yup the decentralized nature.Can we still expect better coin than Bitcoin?
If we think about different features of bitcoin with some other existing coin, they are better. You can get a better coin but you can not get the most decentralized coin.Yes, both of bitcoin and blockchain still developing and has so many potentials that can be expanded more by the community, you might check the project on the GitHub.
Re: What set of conditions can crash blockchain or bitcoin to zero USD?
The scenario that can make bitcoin crash is when the internet and electricity on this earth are destroyed which we will not see that thing happening in the near future ( I hope so). Because basically you need electricity when transacting with bitcoin, miners also need electricity so that your transactions on the blockchain can be verified by them, the internet needs electricity too, the point is electricity.
When it comes to regulation the Government will see Bitcoin's from two perspectives first in terms of payment, second as an investment or asset like stock and stuff. That's why in some countries bitcoin has been banned but you can still use them for speculating like gold, I think this is humans' right to own and hold something precious, and so grateful that the government are not banning it if they just wanna hold them as an investment thing.
Re: Bitcoin will NOT surpass traditional methods of payment. Convince me.
Couldn't agree more, that bitcoin can't surpass the traditional methods of payment, people will not pay something that has more fee, bitcoin has a higher fee comparing to traditional payment, that's why people prefer to hold bitcoin as an investment tool rather than using it as a payment processor., the spend time is over. However, I don't think that all the Banks in this world will unite and planning to destroy bitcoin.