Blockchain was imagined as an approach to guarantee the dependability of the digital currency Bitcoin. It is a genuinely basic idea, an advanced record that record all exchanges that happen inside its framework, much like any firm or individual monitors their funds. The distinction is that the record is freely accessible to all individuals in the framework, making it difficult to adjust records without being recognized. This implies individuals can assume that money related records are totally exact without relying on a reliable outsider like a bank, a legislature or an application to affirm it. This has expansive ramifications crosswise over numerous businesses. Not exclusively will it cut expenses and enhance proficiency by evacuating outsiders, it additionally considers far more noteworthy adaptability by giving exchanges which are an unchangeable reality, which can encourage the sharing of accounts. For instance, blockchain can enable companions to share protection, or neighbors to have a similar vitality contract and guarantee that everybody pays for precisely what they utilize.
Blockchain not only can help one's economy can even help the country's economy. With blockchain, the record of a transaction is accessible to everyone and the state will have no trouble chasing corrupt people in their country because they will not be able to dodge again and manipulate a transaction.
There 7 cryptocurrency that are legal in thailand , its Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, Litecoin, and Stellar. They also regulate the ICO. Now ICO can't be traded with fiat anymore and there is a fee for license.
What do you think about this regulations? I think its fair enough and i do think in few months 7 of this coin value could be increasing if more country has the similar regulations such as thailand.
Got the news as above, I do feel like moving to the country and free to use crypto to make various payments. The more countries that accept and legalize crypto it will be the better for the future and the increase in the price of crypto. But, why are there still many countries that do not think the same as Thailand? whether they do not see the potential of crypto for the advancement of the state whereas those countries will benefit greatly by accepting crypto as another option of payment method other than fiat currency.
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BoardEconomics
Re: With Hackers everywhere, How safe is Cryptocurrency?
by
buburjelly
on 12/06/2018, 19:21:23 UTC
No one crypto developer ensures security against hackers because the security is returned to the coin holders. So, we as users or holders of the crypto must continue to be vigilant and always use the security features available to avoid hackers. Most cases of hacking that occurred during this time caused by its users are not careful and careless in sharing important information that should not be known by someone other than himself.
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BoardEconomics
Re: When will people feel comfortable using BTC ?
by
buburjelly
on 12/06/2018, 19:15:34 UTC
Bitcoin will feel comfortable to use as a currency if bitcoin is not traded again in the crypto market. Why? Because with these trades bitcoin prices tend not to experience stability so that continues to continue to fluctuate and it is utilized by people who want to benefit from the fluctuations. Different when bitcoin prices tend to be stable because people will start quitting to trade them because reasoning from bitcoin trading is no longer profitable.
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BoardBitcoin Discussion
Re: Regulating agencies are quiet now! Anyone suspicious?
by
buburjelly
on 12/06/2018, 19:08:31 UTC
I also experienced the same suspicion as you. crypto always get an attack when the price of crypto is experiencing bullish but when experiencing bearish market the parties that used to attack crypto seemed lost by the earth and did not reveal anything. I began to think that they were the real supporters of bitcoin and they took advantage of it for their own benefit.
In crypto world we see that there is many crypto and many service too.What do you think what service is missing in the cryptoworld.
we need more education why people should actually care about crypto so not everyone is only focusing on speculations as it's nowadays, I see no other threads than the ones about prices...
If you think the missing service is an education about crypto then I will suggest to you to read the basic information in this forum because there are so many posts that can help you to get information about crypto good investment, trading, and others.
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BoardBitcoin Discussion
Re: Why investors invest in bitcoin though some of them loose it ?
by
buburjelly
on 12/06/2018, 18:53:30 UTC
I think the reason why investors are still doing bitcoin investing is that they do not use money that is used for everyday purposes so they do not worry if they have to lose it because they already know with all the risks that will be encountered when starting bitcoin investment.
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BoardSpeculation (Altcoins)
Re: bitcoin down, altcoin rise. why?
by
buburjelly
on 12/06/2018, 18:51:03 UTC
The main factor is that as bitcoin prices rise, investors begin to divert their assets to altcoins, resulting in a high demand for altcoin and that will automatically make the altcoin price rise amid the decline in bitcoin prices.
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BoardSpeculation
Re: Better Late than Never?
by
buburjelly
on 12/06/2018, 18:47:54 UTC
For people who understand about trading may prefer to make long-term investments on the bitcoin because they know the great potential of bitcoin. But, if the person is not based on basic knowledge of investment and trading then he is just acting stupidly to spend money.
I read about this news that in south korea bitcoin is legally become recognizeable as asset. I do think bitcoin is a currency and not an asset. I dont know whether this is good news or not for cryptocurrency. One thing i believe with legalization from goverment i do think more investors will come to invest in bitcoin, but i think if bitcoin become an asset its not as it suppose to because i believe bitcoin should be a currency which is currency is for transaction and asset is not for transaction.
All the people in the world know the bitcoin of the currency but the conditions that make bitcoin serve as an asset because bitcoin is not legalized by all state governments for various reasons from each country so bitcoin is only traded in various crypto market and forced to temporarily bitcoin serve as an asset let alone not a few users make bitcoin as a very supportive investment tool bitcoin as an asset as well as the stock market. The most important for me is bitcoin still has value.
How much more fall is possible in price of bitcoins?
Bitcoin will not fall any deeper if nobody sells bitcoin on a large scale. Sales are the ones that caused bitcoin prices to decline in recent months since December last year. In the past few weeks, bitcoin market price conditions tend to experience a stable movement and this is a good thing for bitcoin to be used as a method of payment.
Do you think Bitcoin will remain the most dominant coin both short and long term? Even though it does not remain the most dominant coin, this will not be the same as saying that Bitcoin wont exist long term.
Since many ICO projects and the emergence of various altcoins, the bitcoin dominance in the cryptocurrency market has continued to decline so that bitcoin market capitalization is finding it increasingly difficult as investors prefer altcoin to be an investment in the very near future for profit. I'm not sure bitcoin will continue to dominate as the market capitalization of altcoin continues to rise unless investors begin to move their digital investment assets to bitcoin.
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BoardEconomics
Re: bitcoin in developing countries
by
buburjelly
on 04/06/2018, 14:08:48 UTC
Economic stability of the country will not tergangnggu if the government to make the regulation husus related bitcoin inflation will not happen because the government can still control the movement of bitcoin prices that affect the price of fiat money
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BoardBitcoin Discussion
Re: Is 2018 the year when crypto goes mainstream
by
buburjelly
on 22/05/2018, 13:40:59 UTC
Some have acknowledged that blockchain technology can be used to be used as a very efficient data storage even many companies are adopting this blockchain technology to be used as their company's work system in processing and storing data. Blockchain technology is not only used as a system of digital currency but there are still many things that can be used this technology for various things other than digital currency.
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BoardBitcoin Discussion
Re: Will bitcoin Die because of global Regulations?
by
buburjelly
on 20/05/2018, 20:04:50 UTC
A regulation will not make the bitcoin die because the regulation cannot affect anything against bitcoin that is not controlled by anyone and any government. Bitcoin is a freedom for all people in the world in economics and they deserve to get that freedom without any tie rules with the government and any party.
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BoardBitcoin Discussion
Re: Why many banks hate cryptocurrency ?
by
buburjelly
on 20/05/2018, 09:33:54 UTC
Which is the main reason why banks forbid bitcoin is because banks are afraid of losing their customers who are beginning to realize that blockchain technology is better than the banking system? Their prohibition also signifies that the bank is aware that blockchain technology is a threat to the banking system and it should embrace bitcoin to adopt its technology to be applicable in its current banking system.
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BoardBitcoin Discussion
Re: Can We Finally Call This the DEATH of Bitcoin?!?
by
buburjelly
on 19/05/2018, 17:06:29 UTC
I will not trust and mention that bitcoin is dead, in the future the bubbles will come back just that we have to wait for that time and continue to invest with bitcoin because if everyone goes out of bitcoin then we continue to buy bitcoin will be wrong one big bitcoin holder and can control the price in the market easily.
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BoardBitcoin Discussion
Re: Australian Government having blockchain as part of the agenda
by
buburjelly
on 11/05/2018, 19:26:49 UTC
Australia is a country that is friendly to new technology even they are not hesitant to use the technology in their economic system because a country like Australia realizes that if against the technological development of a country will not be able to grow and may be declining because left behind by the state -a country that adopts a technology for the progress of its country.
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BoardBitcoin Discussion
Re: Why do some government ban bitcoin?
by
buburjelly
on 10/05/2018, 11:27:29 UTC
The plausible reason why the government forbids bitcoin is that the government does not want other currencies to use for its people other than their respective national currencies and they feel that bitcoin poses a threat to the economy of the country so they think bitcoin will create destruction for the national currency in the country. Such governmental thinking would be different if they tried to accept bitcoin as another currency option for their community use. With their prohibition asserting that the government does not accept the technology created as a solution to the problems of the existing economy.
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BoardServices
Re: [CFNP] IOS - Signature & Avatar Campaign | Up to $150/week in BTC & Tokens!
by
buburjelly
on 09/05/2018, 10:34:51 UTC
I want to join this campaign
Bitcointalk Username: buburjelly Rank: Jr. member Current Post Count: 46 BTC Address: 14LZ2SQKtQQHdmg9HcimS6VzS447pVUWR6 ETH Address: 0xdd09aFD733C73bF31B953B79c45550E1F851E32F Wearing Avatar and Personal Message: No