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Showing 20 of 177 results by dart vader
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Board Bitcoin Discussion
Re: Advantages of paying with Bitcoin
by
dart vader
on 07/10/2017, 19:45:28 UTC
There are many  advantages of paying with Bitcoin.The first advantage is that Bitcoin provides cheap and fast transactions which does not require any paper work. The other advantage can be the anonymous transactions . The third advantage can be that our transactions can not be tracked by any other third party such as banks or government.As these transactions are without any involvement of banks or government so no sale taxes are added.The payments can be done simply from our mobile phones or laptops, we only need an internet connection for this.
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Board Bitcoin Discussion
Re: What impresses you the most about Bitcoin?
by
dart vader
on 07/10/2017, 13:38:52 UTC
There are many features of Bitcoin due to which i got impressed by it .Bitcoin provide us an opportunity to earn some money. The transaction thorugh Bitcoin are anonymous.Due to its decentralized nature no third party can identify or track our transactions. Transactions are cheap and fast and no paper work is involved in it .It is easily accessible and just require an internet connection. Bitcoin's price is increasing at a very fast rate which make it the best investement asset . These are some features due to which i got impressed by it.
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Board Bitcoin Discussion
Re: Difference between Bitcoin and real money?
by
dart vader
on 07/10/2017, 06:19:38 UTC
There are many differences between Bitcoin and real money.The first differnce is that Bitcoin is used for online transactions and real money is used for offline transactions.It is not possible to track transactions through Bitcoin but transactions through real money can be tracked easily. Bitcoin investments are more profitable than investing in real money. Bitcoin is deflational but real money is inflational. Bitcoin is volatile in nature but real money is nonvolatile .Bitcoin is decentralized but real money is centralized.These are some of the differences between Bitcoin and real money.
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Board Bitcoin Discussion
Re: Why do thousands of investors hold bitcoin on troubled days?
by
dart vader
on 06/10/2017, 20:40:46 UTC
Thousands of investors hold Bitcoin on troubled days because they are familiar with the volatile nature of Bitcoin. They know that if there is a huge drop in the price of Bitcoin then surely  there will be a huge boost also.These investors does not commit a mistake of becoming a panic seller and for them these days are the opportunity to buy some more bitcoins for future.  They know that the price will increase again and it will increase more than the estimated value which will provide huge profits to them.For example after that China incident,there was a huge drop in the price of Bitcoin .The investors who sold there BTC's are in a total loss today and those who held there BTC's are enjoying there profits as the price has again reached to 4300$.
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Board Bitcoin Discussion
Re: The advantages of bitcoin
by
dart vader
on 06/10/2017, 19:10:24 UTC
There are many benefits and  advantages of Bitcoin .Some of the advantages are given below-:
1-Transactions through Bitcoin are anonymous.
2-It is decentralized so no other third party such as banks or governments can  identify or track your transactions.
3-It is easiy accessible and we just need  a mobile phone and an internet connection inorder to use it.
4-Transactions are cheap and quick and no paper work is required.
5-Its skyrocketing price make it the best investment asset that provide high profits in a very short period of time.
6- It can be used as a source of side income.
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Board Economics
Re: If you have a lot of bitcoin, should you spend it or save it?
by
dart vader
on 06/10/2017, 18:41:23 UTC
I think it depends.I know holding your bitcoins is always profitable as it's price keeps on rising.But there are some situations when we are in the need of money so at that time we cant wait for it's price to rise .So at that time we have to spend our Bitcoin. According to me ,we not earn only to save but also to fullfiil our needs .So according to me the smart way is to save 60-70% of our bitcoins and spend rest of them(30-40%).
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Board Economics
Re: Bitcoin is Falling...Is it Panic Time?
by
dart vader
on 05/10/2017, 19:16:58 UTC
I dont think that it is a time to panic. Due to the volatile nature of Bitcoin,its market face many ups and downs and if there is a huge drop in its price then without any doubt the market will recover soon.So by not doing the mistake of becoming a panic seller we should hold our bitcoins and we should consider this price drop as an opportunity to buy some more bitcoins at lower rates  because in future the price will surely rise again and we will get huge profits.
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Board Bitcoin Discussion
Re: Do you believe that digital currencies will replace Fiat?
by
dart vader
on 05/10/2017, 18:59:51 UTC
Both Digital currencies and Fiat money have their own features.Using digital currency instead of fiat money is one step to become cashless but i dont think that digital currency can replace fiat money because digital currency is not accepted everywhere .It does not have any physical form so it cant be used directly in all the physical stores. Inorder to use digital currency,we firstly have to convert it into some other currency having physical form.From so many years people are using fiat money for financial transactions so it will be very difficult for digital currencies to replace this traditional system of transactions.So rather than replacing fiat money ,digital currencies will work hand in hand with fiat money.
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Board Bitcoin Discussion
Re: Who can destroy Bitcoin ?
by
dart vader
on 03/10/2017, 20:41:13 UTC
The only way in which Bitcoin can be destroyed is the  reduction in its demand.The demand can be reduced by two factors.One factor is if the government of all the countries declare transactions through Bitcoin as illegal then it will surely have a adverse effect on its demand. The other factor can be if some other form of cryptocurency replaces Bitcoin.The demand will be shifted  and the price of Bitcoin will drop down.

Bitcoin's current value is 4200$ which is near about 10 times  to the value of any other altcoin and it is still increasing at a very fast rate. So i dont think that Bitcoin can be destroyed.It is the time for Bitcoin to rise and to achieve its All Time High Value.
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Board Speculation
Re: Bitcoin can hit 5000$ before november??
by
dart vader
on 03/10/2017, 17:30:09 UTC
The growth rate of bitcoin is not easy to predict. Last month the price of Bitcoin was fallen down to 3000$ which was a huge drop.But market has recovered and the price has again reached to 4200$. We can see that there was a huge and unpredictable rise in the price so on the basis of the current growth rate of Bitcoin it is not wrong to assume that Bitcoin can hit 5000$  before november. So i will advice you to hold your Bitcoin because their price will increase more and you will surely get profits.
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Board Bitcoin Discussion
Re: How to earn Bitcoin without investment
by
dart vader
on 03/10/2017, 16:47:13 UTC
Inorder to earn Bitcoin without investment you have to join various signature campaigns where you will be paid for your posts.As you are a newbie so inorder to join these campaigns you first have to increase your rank because very few campaigns are there for a newbie .When you will become a junior member you will start getting campaigns but your pay will be quiet low.The more you will post ,the higher your rank will be. The higher your rank will be ,the more you will earn .But for this you need to have some patience as it is a slow process but the results are guaranteed. You can then invest some part of your earnings in order to get more profits
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Board Bitcoin Discussion
Re: China can't bring bitcoin down!
by
dart vader
on 03/10/2017, 07:47:48 UTC
I totally agree with you that China cant bring Bitcoin down. As we saw last month that after China banned ICO's and Exchanges, there was a huge drop in the price of Bitcoin. But now it's price is increasing again at a very fast rate and soon it is expected to touch $5k. Bitcoin is decentralized and government has no control over it . Some decisions and statements by a person or country can temporarily effect Bitcoin but they cannot have a long term effect.The demand for Bitcoin is increasing as people have started to understand its value. As the demand will increase its price will also increase.So i dont think China or any other country can bring Bitcoin down.If the price of Bitcoin will drop again, it will surely rise again and it will achieve its ATH value.
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Board Speculation
Re: Why Bitcoin Nosedived
by
dart vader
on 03/10/2017, 07:28:53 UTC
There were two main reasons  for a huge drop in the price of Bitcoin. One was the ban on ICO's and Exchanges by China and other was J.P. Morgan's CEO Jamie Dimon's statment that"Bitcoin is Fraud".It was a very smart move by Jamie Dimon which resulted in crashing of Bitcoin.But now market is being recovered and within a month Bitcoin has reached its original price and it is still increasing . People who held there Bitcoin instead of selling them  and considered this price drop as an opportunity to buy more Bitcoins will surely get huge profits .
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Board Bitcoin Discussion
Re: What is bitcoin
by
dart vader
on 03/10/2017, 07:12:36 UTC
Bitcoin is peer-to-peer cryptocurrency system that allows online transactions using a unit of exchange called Bitcoins.It came into existence in 2009.It is decentralized i.e.without any involvement of government.It can be seen as the alternative of government's flat currencies such as Us Dollars or Euros  or an alternative to the pure commodity currencies such as gold or silver coins.Each Bitcoin transaction is recorded in Blockchain .They are either mined or purchased with standard national currency. Bitcoins are kept in Bitcoin wallets which are accessed through smartphone or computer using internet.
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Board Bitcoin Discussion
Re: Bitcoin growth again, what to do?
by
dart vader
on 03/10/2017, 05:21:13 UTC
Yes Price of Bitcoin is increasing at a very fast rate again so i dont think  that it is right to time to buy some more Bitcoin .You should wait for price to drop down again or wait for a correction to come which will allow the price to go back to a geniuine amount and then you should buy more Bitcoin. If you have some Bitcoins with you, hold them as the price is rising you will surely get high profits.
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Board Bitcoin Discussion
Re: What if another altcoin surpasses BTC in value?
by
dart vader
on 02/10/2017, 20:46:14 UTC
The value of Bitcoin is highest among all the altcoins and it is still increasing at a very fast rate.The only altcoin that has a tendency to surpass BTC in value is ETH .It is just because  of its growth rate in past few days but the chances are least or we can say it will take many years to surpass BTC in value . The demand for Bitcoin is increasing at a very fast rate which is increasing its price and making it the best investment asset.So i dont think any altcoin will able to surpass BTC in value.
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Board Bitcoin Discussion
Re: Can Bitcoin make Banks disappear?
by
dart vader
on 02/10/2017, 20:28:33 UTC
Almost every person has a Bank account rather than having a Bitcoin account.People are depended on Banks for various purposes.Banks provide them certain services such as saving accounts, mortgage, personal loans etc but Bitcoin doesnot provide them any such service. People doing jobs prefer banks over Bitcoin as they can have there salary accounts in bank .No doubt Bitcoin is the best investment asset and provides profitable investments but i dont think it can make bank dissapear. They  both will rather coexist.
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Board Off-topic
Re: What are some disadvantages of BTC?
by
dart vader
on 02/10/2017, 20:12:33 UTC
Along with advantages there are many disadvantages of Bitcoin such as it do not have any physical form and needs to be converted into some other currency inorder to use it in physical stores.  It is decentralized so it will not be accepted as governement as the only currency for financial transactions. Its price keeps on fluctuating . These are not accepted in every country. Bitcoin trading speed is slow .It is also used in darkweb. We contain our Bitcoin in our wallet but if the key to that wallet is lost then we will loose our BItcoins also and there will be no way to get them back.
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Board Legal
Re: Here is a summary of what happened to Bitcoin this September.
by
dart vader
on 02/10/2017, 19:06:15 UTC
The first two weeks of september faces a huge drop in the price of Bitcoin. The reason behind this drop was the Chinese government regualtion and J.P. Morgans's CEO Jamie Dimon's statement.But the last two week of september has seen some improvement in its price and now price is increasing even at a faster rate. Market has recovered and the holders who took this price drop as an opportunity to buy some more Bitcoins are now enjoying  there profits.
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Board Speculation
Re: 1 millon for a Bitcoin is this fiction or reality?
by
dart vader
on 02/10/2017, 18:37:30 UTC
Price of Bitcoin is increasing at a very fast rate  but i dont think it is possible that 1 BTC will cost $1million .No doubt its demand is increasing and people are taking interest in it but for 1BTC to reach $1million it has to be declared as the world's currency and the only currency for financial transactions .$1million is a dream figure for all the Bitcoin holders and if 1BTC will reach $1million then it will be like a dream come true for all them as they will get very huge profits.