I agree with you, the fees is way to high and I don't think this was the purpose of the bitcoin. If I want to send a small amount of money the fees are actually be doubling what you send and it is not making any sense. But I believe it will get fixed soon because if not people will never use bitcoin as payments.
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BoardSpeculation
Re: how do you predict the bitcoin price in the month of March?
As the age of cryptocurrency comes into full force, it will facilitate a subversively viable taxation avoidance strategy for many of the technically savvy users of peer-to-peer payment systems. In doing so, cryptocurrency use will act to erode the tax revenue base of national jurisdictions, and ultimately, reposition taxation as a voluntary, pay-for-performance function. In this post, I cover some of the benefits such a strategy will have for cryptocurrency investors, why our notion of taxation is ripe for disruption, and why cryptocurrency taxation is enabled by default.
I don't think you are correct. If the bitcoin we really be part of the money and paying method of the world I believe the governments we find a way to check who have bitcoin and how much.
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BoardBitcoin Discussion
Re: Why is bitcoin the most popular cryptocurrency?
I believe that they're popular mainly because well it was the first of all cryptocurrencies to be made. Honestly most of the other coins are scams and greedy ways that the developers make money. The only other coin I can think of that isn't a scam are dogecoins! What do you think?
Because this is what started the all crypto, most of the people does not understand in crypto but they do know what is bitcoin, so most of what is popular is bitcoin.
MoneroV is a private, untraceable, finite and secure cryptocurrency fork of the Monero blockchain. A split will occur at block 1529810 when MoneroV miners will start to create blocks on the MoneroV network. The new MoneroV blockchain will contain the history of all transaction up until block 1529810 and all Monero coin holders will receive 10x their XMR balance amount as MoneroV coins (XMV) after the fork.
Among other differences, MoneroV has limited supply of coins while Moneros coin supply is infinite, and MoneroV will implement new protocols that will solve the scaling problems facing Monero and other cryptocurrencies such as Bitcoin.
At least I have some Monero in the backpocket. If this is legit than we will certainly see a good upward movement.
Bitcoin has been proclaimed dead 89 times. It has been labeled a Ponzi scheme and a failed experiment. Writers have argued for it to be forgotten and for developers to move on to greener pastures. But moving beyond this rhetoric, its not all that difficult to compare the rise of bitcoin to that of another technology: the World Wide Web. http://blockgeeks.com/questions/what-is-your-future-predictions-of-bitcoin/#comment-604
I think yes!. I believe in a few years the cryptocurrencies will change the payment system and it will be the main payment manhood.
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BoardBitcoin Discussion
Re: What Are Your Greatest Fears As a Bitcoin Holder?
"Hacking and scams remain the top risk for Bitcoin holders. Exchanges that shut down or passwords stolen from devices can easily wipe out a persons bitcoins. Moreover, governments and central banks from various countries are starting to impose limitations on the use of cryptocurrencies.
Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.
We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quos actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the governments monopoly of the monetary system." - Bitcoin.com
What are the top risks for Bitcoin holders?
I think me and a lot of others greatest fear is to lose the pin code and the seed. If something like this happen you pretty much lost all you Bitcoin.
I am sure we touched the bottom today. so i am going to real Estate Dealer for selling my house and buy bitcoin. I suggest you all do that
Don't think it is a good idea. I believe in the Bitcoin, however i think it is still a risk and you should not put all your money there. even if you believe in Bitcoin.
Today I found some rise in total coin market cap reached 580+ billion still rising is that the good sign for next big pump. It was in between 500 billion last couple of week today its rising.
Now the market cap is stuck for few weeks but I believe it will change soon. I think its pretty comedown now and it will rise suddenly in few weeks.
" NIFA official Li Lihui told a technology conference in Shanghai on Friday that a goal of Chinas monetary regulation is to ensure that the source and destination of every piece of money can be tracked. "
Bitcoin is the mortal enemy of 'tracking'. Therefore China is going to continue to assault Bitcoin from every angle. You can be sure of that.
China hate a lot of things - Google, Facebook and so. I think China is not an index for the bitcoin.
What's actually happening with bitcoin? Market is collapsing hugely.Is this the better time to buy or sell? And will it goes under 2000 or 1000? If so should we buy then? Suggestions would be helpful
I dont think the bitcoin will go to 2000 and less. I think that if you want to invest for the long run it doesn't matter because in my opinion the bitcoin will be at least 100,000$. If you want quick money maybe its not the time to invest. But in the end no one really know what will be in these market.
We all know that keeping your bitcoin on an exchange is risky, but we have to keep some there if we want to trade alts, make some profit and increase our bitcoin. Now I would like to know what is your theory on the amount or percentage of bitcoin to keep on an exchange. Is it like you won't keep more than 50% of your bitcoin on an exchange, or won't keep more than 1 or 0.5 bitcoin on an exchange. (I know this will depend upon the amount of bitcoin you have, but still, do share how do you go about it.)
I personally think you should keep in the exchange the least you can. Its not so safe to keep your currency in exchange because its not your wallet and its not in your hand if someone hack and steel your and others money.