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YES they do and its a rather large percentage
On my own opinion, no one would control it. They could invested a lot on it through mining but controlling bitcoin itself is totally impossible.
why the state does not print a lot of money? than debt to other countries. is not it easier to make money than debt and ultimately burdens the state?
whether if printing money will have an impact on the money itself? or will it impact the value of the money in the eyes of the world?
whether if printing money will have an impact on the money itself? or will it impact the value of the money in the eyes of the world?
The government would not allow to print a lot of money without an exchange of gold. But also, depending upon the country.
How much money are in the world? And how much money can Bitcoin be worth? in comparation to that.
That is something that cannot be calculated. We cannot pin point bitcoin total funds. But in case both are being combined, it could have been counting forever.
I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
I agree. To add on it, what I highly suggest is to have a "Forgot Money". What I mean is to create a bank account and put a certain amount that could save you enough for 1 month then leave it alone. Do not think about it. So when the time money is needed, you have something to rely on, on top of the emergency fund.
why is it ok for a group of people calling themselves the government to force everyone to buy their services?
if enough armed people refused to pay and told the government to go fuck itself there is nothing they could do.
if enough armed people refused to pay and told the government to go fuck itself there is nothing they could do.
Because after all, we have no choice and if we are going to think deeply, it's for our own good as well. However, that depends on the government if it's really trusted. They use those funds for improvement.
When will people spend BTC as easily as fiat , not seeing it as an investment opportunity but a better currency for them to use ? Most of my friends that I have currently told about Bitcoin are most intrigued by its rapid rate of growth and not its outstanding features as a currency. They don't really care that it is free from government control , but are more focused on the fact that it has risen xy%
I don't really spend much of my Bitcoin , because I am always in fear.
I am not talking about cashing out , but for digital goods.
How do you spend 10 mBTC on a 5$ digital good when you believe that the same 10mBTC is worth atleast 15$ , probably more.
How much of your Bitcoin have you hoarded , and how much have you really spent ?
I am under the impression that people tend to hoard more with BTC than with fiat , considering it an investment more than a currency
I don't know how to make a poll here , so :- http://strawpoll.me/1793917
This is not referring to your blockchain.info statistic , which includes money you have moved around. I am looking at money you have truly spent vs total amount of BTC you have received.
Overall , I'm trying to look at how much my guess is true by the poll and your estimates of when majority of people will start looking at BTC as a currency.
EDIT : I'm not sure this is the right section , tell me if this should go in General Discussion or so.
I don't really spend much of my Bitcoin , because I am always in fear.
I am not talking about cashing out , but for digital goods.
How do you spend 10 mBTC on a 5$ digital good when you believe that the same 10mBTC is worth atleast 15$ , probably more.
How much of your Bitcoin have you hoarded , and how much have you really spent ?
I am under the impression that people tend to hoard more with BTC than with fiat , considering it an investment more than a currency
I don't know how to make a poll here , so :- http://strawpoll.me/1793917
This is not referring to your blockchain.info statistic , which includes money you have moved around. I am looking at money you have truly spent vs total amount of BTC you have received.
Overall , I'm trying to look at how much my guess is true by the poll and your estimates of when majority of people will start looking at BTC as a currency.
EDIT : I'm not sure this is the right section , tell me if this should go in General Discussion or so.
When bitcoin becomes more popular around the world. People will get trust. Time will come. When government support bitcoin, people would join as well but hoping that the fees would not be high.
I feel like it's my obligation to share my 2 cents on current "steep" drop of bitcoin price. I find it absolutely unbelievable when people say how low the price of btc is, speaking of the price at $10k or $11k. Those who have been in this industry long enough to remember the price of btc to be $5 are just shrugging their shoulders short of words.
What I'm trying to say is that those new community members so called "hypers" should stop spreading fud when price goes down and same goes with price growing. Actually growing price of btc is kind of problem as it's starting to miss its original purpose of cheap quick transactions. We need people focusing on real value of this ecosystem rather than moon kids...
Thanks for hearing me, couldn't help myself
What I'm trying to say is that those new community members so called "hypers" should stop spreading fud when price goes down and same goes with price growing. Actually growing price of btc is kind of problem as it's starting to miss its original purpose of cheap quick transactions. We need people focusing on real value of this ecosystem rather than moon kids...
Thanks for hearing me, couldn't help myself
Yeah, it happens. I myself celebrate when the price drops, because you can take advantage of buying it then when the time it rises, then who's the winner? That's why I do. Do not panic because the price is not always stable.
I believe many people are already aware of the bit. And it still hesitated that if you buy a bit will keep losing it? If it is, it will be too late. I do not think I have any guidance. I just want to present many factors to see that. What is the price of bundles it up or down the day it is due to what the problem?
Let's see it. The image below is a copy of the Fibonacci Indicator. I will describe the home language is. The price of time that has occurred, then compared to the future (same as the original) Okay new.
Removing prices from the beginning to the present. To analyze the probability of price in the future.
It sounds so much easier. But everything is just an analysis. There may be other factors involved that can not be predicted for the future. However, we know that the chances of a price going up there are possible.
The Basics of Bit Coin You Should Know
1. The first is that the number of coin coils is limited to 21 million BTC. Over time, the number of BTC coins that have been mined. Or take longer to dig. But the demand for bitcole is very high. This also affects the price as well as economics. I can not add it.
2. Confidence in the price of bit coincidence of investors. It is believed that the price of a coil is unlimited. Maybe up to 10,000 Cc coin or more.
3. Using bitcoin Instead of a payment system. And person-to-person transfers. Or even international money transfers, which you will pay very little. And fast. Can you buy a house or car with a bit? Or even pay employees in the company with bits.
4. The confidence of the people. Interested in digital currency And buy it for speculation. See last year. More trading. There are more markets for trading in the country, as well as merchants or shops using bitcoins to pay for goods and services.
5.The popularity of Bitcoin. Nowadays many people know more about coin coin. As we have seen in many countries, Bitcoin is one of the investments. And some countries are trying to push the use of bitcoin can be legally spent.
6. Bitcoin's price It is independent of the economic indicators of the country. It will be seen that the news about the state of the country will not affect the price of Coyle.
7. The average Halving incident every four years is a reduction in the number of digs awarded in half. This results in less supply.
8. Independence in trading If you want to trade, you do not have to trade at the Exchange Exchange. Unlike stock or Forex, Broker must be an intermediary.
9. The key to keeping the price down is flash crash. The market is hacked. This makes it hard to trust. The history of the previous Mt.Gox from Japan or Bitfinex of China has been hacked, resulting in the price of bit fell several points. And finally, confidence begins to return.
The future of bitterness affects the world.
Now, a bit more is happening. As you know, the whole world is tied to the dollar. Many countries that are trying to free themselves from the mega are trying to find a way to make their own country not be struck by the economy of the Mega. If the future is good. There are some countries that have used BIT as the main currency of their own country. I believe that day. Those who are prepared will have an advantage.
You may be like a dystopian, but that's about the future. But now I'm starting to see a lot of bits in some countries. There are even ATMs to wait.
There are still a lot of Exchange markets with over 50% market capitalization in China, as many people know China has been cold war for years. Trying to push gold prices for a long time. The price of gold is not significant. Aftermath from Europe, many people know. I do not know what China might have been. เล่นคาสิโนบนมือถือ
Too late?
If you look at bits as VI shares in the future fall to you or anyone in the world will have to use, I see that it is not too late. Bit is designed to be used from today until next. If you use a bit, you will know that the bit is not too late. There are many other ways to invest with a bit of profit. However, there are two aspects to study the information well. Lactate
Let's see it. The image below is a copy of the Fibonacci Indicator. I will describe the home language is. The price of time that has occurred, then compared to the future (same as the original) Okay new.
Removing prices from the beginning to the present. To analyze the probability of price in the future.
It sounds so much easier. But everything is just an analysis. There may be other factors involved that can not be predicted for the future. However, we know that the chances of a price going up there are possible.
The Basics of Bit Coin You Should Know
1. The first is that the number of coin coils is limited to 21 million BTC. Over time, the number of BTC coins that have been mined. Or take longer to dig. But the demand for bitcole is very high. This also affects the price as well as economics. I can not add it.
2. Confidence in the price of bit coincidence of investors. It is believed that the price of a coil is unlimited. Maybe up to 10,000 Cc coin or more.
3. Using bitcoin Instead of a payment system. And person-to-person transfers. Or even international money transfers, which you will pay very little. And fast. Can you buy a house or car with a bit? Or even pay employees in the company with bits.
4. The confidence of the people. Interested in digital currency And buy it for speculation. See last year. More trading. There are more markets for trading in the country, as well as merchants or shops using bitcoins to pay for goods and services.
5.The popularity of Bitcoin. Nowadays many people know more about coin coin. As we have seen in many countries, Bitcoin is one of the investments. And some countries are trying to push the use of bitcoin can be legally spent.
6. Bitcoin's price It is independent of the economic indicators of the country. It will be seen that the news about the state of the country will not affect the price of Coyle.
7. The average Halving incident every four years is a reduction in the number of digs awarded in half. This results in less supply.
8. Independence in trading If you want to trade, you do not have to trade at the Exchange Exchange. Unlike stock or Forex, Broker must be an intermediary.
9. The key to keeping the price down is flash crash. The market is hacked. This makes it hard to trust. The history of the previous Mt.Gox from Japan or Bitfinex of China has been hacked, resulting in the price of bit fell several points. And finally, confidence begins to return.
The future of bitterness affects the world.
Now, a bit more is happening. As you know, the whole world is tied to the dollar. Many countries that are trying to free themselves from the mega are trying to find a way to make their own country not be struck by the economy of the Mega. If the future is good. There are some countries that have used BIT as the main currency of their own country. I believe that day. Those who are prepared will have an advantage.
You may be like a dystopian, but that's about the future. But now I'm starting to see a lot of bits in some countries. There are even ATMs to wait.
There are still a lot of Exchange markets with over 50% market capitalization in China, as many people know China has been cold war for years. Trying to push gold prices for a long time. The price of gold is not significant. Aftermath from Europe, many people know. I do not know what China might have been. เล่นคาสิโนบนมือถือ
Too late?
If you look at bits as VI shares in the future fall to you or anyone in the world will have to use, I see that it is not too late. Bit is designed to be used from today until next. If you use a bit, you will know that the bit is not too late. There are many other ways to invest with a bit of profit. However, there are two aspects to study the information well. Lactate
It's not too late. You just have to timing that the value of it is down, so you can get and it rises. Invest and learn how to trade. Once you used to it, you could be successful in this alone. Invest as soon as possible.
Bitcoin market cap: $8.3 billion
Uber the taxi app: $18+ billion
Is it just me, or something is wrong with this picture
Uber the taxi app: $18+ billion
Is it just me, or something is wrong with this picture
Well, Uber is convenient so if the amount shows above is what they earn will then it's good. Didn't thought that the Uber would earn that beyond bitcoin. But bitcoin itself could reach over anytime, as long as many investors to come.
Establishment commentators tend to blame every financial crisis on the "bad luck" of a whole host of factors coming together to create a "perfect storm." What they "forget" is that the incentives of the modern system always drive the elites themselves to destabilize their own system. Not sometimes. Not most of the time. Always.
They will say that the 2007-8 crisis was a combination of the US banking deregulation of the 90s, the US political agenda of moving poor people into home ownership, the poor financial oversight by the George W. Bush administration, the 'global savings glut,' the existence of a shadow banking system in the US, the loose monetary policy in the aftermath of the dot com bust, etc. etc. All true. What they forget to mention is that, if it were not these factors, there would be others (stock buybacks anyone?) If it hadn't happened in 2007-8, it would have been later.
Only looking at the top of the world system, ie Britain in the 19th century and the US later, we can see that:
- There was a financial crisis in Britain roughly every 10 years from 1810 to the 1860s.
- The British Empire bought itself a couple decades by making gold the only money, and not silver. (Thereby making itself rich at the expense of silver countries -- not unlike what the US might be doing with crypto-currencies today.) But in 1890 a financial crisis in London made it necessary for the Bank of England to be bailed out by gold from other central banks, the first time in history.
- Soon after world-leader status was moved to the US, in 1929-31, the Great Depression started with a series of financial crises.
- Though the bloodshed of World War II bought a few decades of stability under the US, it was forced to renounce its promise to allow foreign governments to redeem every $35 for an ounce of gold, in 1971.
- The 1970s global crisis of confidence in the dollar forced the US to pay 20% interest on 30-year Treasuries by about 1980.
- The US stock market crashed in 2000. By 2002, the NASDAQ had lost 78% of its value at the peak.
- The entire world system teetered on the brink of collapse in 2008.
Remember that, we're only talking about the top of the world system, which is the most stable, by design. (Paper pound sterling in the 19th century and dollars in the 20th were the world's top reserve currencies of their day. Every effort is made to make other countries fail first -- e.g. the emerging markets crisis of today helps protect the value of US money and debt.) Further down the ladder, there were many more crises, plus conflicts and wars.
So the long view reveals the truth. And the truth is that you can't escape the perverse incentives that make individual members of the elites want to profit or prop up the system today by storing up even more trouble for future elites. These incentives come directly from the system's core nature of theft and deception.
If we listen to mainstream economists, the reason for recurring crises is that, for some reason, people just want to keep losing money. They keep chasing risky assets whose high values have nothing to do with being propped up by state-bank-elites. Right.
This system also punishes prudent people who put the most trust in its promises and its official narratives. But we have a long-term defense: buy gold, silver, and Bitcoin!
They will say that the 2007-8 crisis was a combination of the US banking deregulation of the 90s, the US political agenda of moving poor people into home ownership, the poor financial oversight by the George W. Bush administration, the 'global savings glut,' the existence of a shadow banking system in the US, the loose monetary policy in the aftermath of the dot com bust, etc. etc. All true. What they forget to mention is that, if it were not these factors, there would be others (stock buybacks anyone?) If it hadn't happened in 2007-8, it would have been later.
Only looking at the top of the world system, ie Britain in the 19th century and the US later, we can see that:
- There was a financial crisis in Britain roughly every 10 years from 1810 to the 1860s.
- The British Empire bought itself a couple decades by making gold the only money, and not silver. (Thereby making itself rich at the expense of silver countries -- not unlike what the US might be doing with crypto-currencies today.) But in 1890 a financial crisis in London made it necessary for the Bank of England to be bailed out by gold from other central banks, the first time in history.
- Soon after world-leader status was moved to the US, in 1929-31, the Great Depression started with a series of financial crises.
- Though the bloodshed of World War II bought a few decades of stability under the US, it was forced to renounce its promise to allow foreign governments to redeem every $35 for an ounce of gold, in 1971.
- The 1970s global crisis of confidence in the dollar forced the US to pay 20% interest on 30-year Treasuries by about 1980.
- The US stock market crashed in 2000. By 2002, the NASDAQ had lost 78% of its value at the peak.
- The entire world system teetered on the brink of collapse in 2008.
Remember that, we're only talking about the top of the world system, which is the most stable, by design. (Paper pound sterling in the 19th century and dollars in the 20th were the world's top reserve currencies of their day. Every effort is made to make other countries fail first -- e.g. the emerging markets crisis of today helps protect the value of US money and debt.) Further down the ladder, there were many more crises, plus conflicts and wars.
So the long view reveals the truth. And the truth is that you can't escape the perverse incentives that make individual members of the elites want to profit or prop up the system today by storing up even more trouble for future elites. These incentives come directly from the system's core nature of theft and deception.
If we listen to mainstream economists, the reason for recurring crises is that, for some reason, people just want to keep losing money. They keep chasing risky assets whose high values have nothing to do with being propped up by state-bank-elites. Right.
This system also punishes prudent people who put the most trust in its promises and its official narratives. But we have a long-term defense: buy gold, silver, and Bitcoin!
Definitely it will come, but not near future, it could be thousand of years and no one knows when the exact time. It will only starts once all resources have been gone all over the world and war could be triggered resulting of Financial crisis.
Bitcoin at the present time resembles as a bubble.Once it goes up, it immediately pops out. It is normal that the price of bitcoin gets down but it's been a long time since it is on its original value or higher than its real value. Those who invest these past few months are suffering a lot of loaaes and they are losing hope that bitcoin will continue to drastically decrease in value. Do you have guys some advice for me? It will be really appreciated and I will be eternal grateful.
Bitcoin is getting more wider and known to be good investment and also resources of money. Time will come that bitcoin will be number one around the world and it could be an alternative for an actual money. When the time comes, life would be more easier because we are now living in a technology where we can get access on the funds easily.
Nope, this is no existential question (although...). Everybody's talking about "When will Bitcoin die", but what if you die, and your family don't find your key, or don't understand it, or think it's only a useless sheet of paper with some code on it, or simply throw it away... Does this mean the currency's gone forever?
I find the possibility of this event rather realistic (yup I don't believe in eternal life), so that means that someday there might be 21M BTC but only 18M (and counting down...) is left in the market?
I find the possibility of this event rather realistic (yup I don't believe in eternal life), so that means that someday there might be 21M BTC but only 18M (and counting down...) is left in the market?
The good thing to do is incase someone happens, you should have trusted at least someone to know about your password something like that, your husband/wife will do, just making sure than having the money gone with you.
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.
Well definitely it would. As where bitcoin stand now, It will. We cannot predict the future but I would say long term would be sure. Those people who already been successful and trusted bitcoin will make bitcoin number one.
How many idiots who decided to invest in bitcoin!!!!!!!
It is necessary not to watch as he grows from 15000 to 17000. This is a visual illusion.
And as it grows from 1.5 to 1.7.....
In recent days printed 180 million tether and still no big growth....
Lending on the stock exchange came to a billion dollars.
The credit rate on the day was a record and more than the 0.103%.
This means that the market has reached its peak. The price of cryptocurrency maximum.
This is the moment when you have to sell everything.
So began a process of growth needs the infusion of more money.... They're gone.
I think the joy of endless growth to an end this weekend.
Nothing in this world is eternal and permanent.....
And rising prices of bitcoin are not eternal.... all ends already.....
It is necessary not to watch as he grows from 15000 to 17000. This is a visual illusion.
And as it grows from 1.5 to 1.7.....
In recent days printed 180 million tether and still no big growth....
Lending on the stock exchange came to a billion dollars.
The credit rate on the day was a record and more than the 0.103%.
This means that the market has reached its peak. The price of cryptocurrency maximum.
This is the moment when you have to sell everything.
So began a process of growth needs the infusion of more money.... They're gone.
I think the joy of endless growth to an end this weekend.
Nothing in this world is eternal and permanent.....
And rising prices of bitcoin are not eternal.... all ends already.....
Well, people would take advantage when the price down. Which will also benefited bitcoin itself and the investors. I myself do trading when the time is right.
Bitcoin at the present time resembles as a bubble.Once it goes up, it immediately pops out. It is normal that the price of bitcoin gets down but it's been a long time since it is on its original value or higher than its real value. Those who invest these past few months are suffering a lot of loaaes and they are losing hope that bitcoin will continue to drastically decrease in value. Do you have guys some advice for me? It will be really appreciated and I will be eternal grateful.
Soon, bitcoin will be known around the globe and those people who invest and take advantage of trading would be rich in the future like me.
With all the good news coming out in favor of bitcoin like Expedia accepting bitcoin etc it's time to buy with the price going down. You will not be so lucky next week. I strongly believe it's going to reach $700 by end of next week!
It's better to buy as soon as possible, but make sure you timing it when the price is down. Then have it traded or invest. I myself, prefer buying on the sale then once back to normal, do the training. That will do.
I know some of you would wonder what this topic is doing here, in the Economics section, but since it is in fact an economic question with purely utilitarian goals in mind, I think it is where it should be. This is a serious question and I'm not kidding. I'm not very interested in European languages like German or French, or whatever, as I think languages like Chinese and Japanese are more promising and rewarding in terms of both usage and money in the nearest future. Personally, I'm more inclined toward Japanese (that's why I'm not decided yet), though I understand that Chinese may be a better choice for the time being and years to come
So what is your opinion on this matter from an economic point of view, with crypto in mind?
So what is your opinion on this matter from an economic point of view, with crypto in mind?
Chinese language should be. China is one of the powerful country and silent. If there is a subject where you can learn that language during grade school to high-school, I would be fluent for sure. Hope, they added in as a subject in school.
I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
What I would do is to have a business and invest 10% to 20% on bitcoin. Trading would be good as well. The other savings that you get would be for emergency purposes. You know, we really can't tell when it comes. So money needs to be ready just incase.
An economy is a zone of the production, appropriation, or exchange, and utilization of merchandise and enterprises by various operators. Comprehended in its broadest sense, 'The economy is characterized as a social area that underlines the practices, talks, and material articulations related with the production, utilize, and administration of assets'. Monetary specialists can be people, organizations, associations, or governments.
So far, in our country, bitcoin is legal and people are taking advantage of it, even I myself. I hope other countries open the door for bitcoin to see the advantages people would get. When the time comes bitcoin known and legal around the world, life would be more easier.