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Showing 20 of 24 results by ferdinandos93
Re: Is bitcoin now the strongest currency in the world?
After the events of last week.
I was making this suggestion to some folks yesterday, but they claimed that bitcoin is too small. Does it matter?
Yes. Because bitcoin right now is attaining great attention and popularity all over the world even after being banned in China, it still managed to recover and the sudden pump was actually surprising. The users of bitcoin also right now has been increasing greatly and even the investors too so we should expect that sooner or later, bitcoin will take over all the other currency in the world.I was making this suggestion to some folks yesterday, but they claimed that bitcoin is too small. Does it matter?
Hahaha yes bitcoin is like heroin if someone starts with it they get addicted everyone wants to have more and people spend a lot of hours some even spend days by just looking at the charts of trading how everything goes and how it should go.
I want to be a smart person because then i can make easy strategies and i can learn a lot from it also if you are smart you can know more about bitcoin and know how everything works and earn a lot easier then other people and earn a lot more.
I don't agree with Adam Smith.
Bitcoin price is being determined by the free market, it worth what people are willing to pay for it.
The more the bitcoin price goes up, the more it becomes profitable to mine, which makes more miners to join the circulation, which increases the difficulty of mining a bitcoin, and makes it cost more to mine.
I think that the price of something is only related to how much people want it and are willing to pay for it.
During last year bitcoin miners were not really getting a lot out of mining bitcoins but with the recent surge in the price of bitcoin, mining bitcoins has become even more profitable then it used to be and now miners who have spent a lot on their mining equipments are actually making money, bitcoin mining is no longer a hobby but a profitable venture.Bitcoin price is being determined by the free market, it worth what people are willing to pay for it.
The more the bitcoin price goes up, the more it becomes profitable to mine, which makes more miners to join the circulation, which increases the difficulty of mining a bitcoin, and makes it cost more to mine.
I think that the price of something is only related to how much people want it and are willing to pay for it.
The value of bitcoin are the economic status and its is a digital currency system ,the value of the bitcoin it's been increased day by day and today rate was $7286 so in future it increased very high and it's touch arround the $10000 this vaules
It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
I doubt bitcoins can beat fiats and the banks that hold them because of one thing: bitcoins and fiat money are two completely different things. One can never beat the other and vice versa. But for me, it reakky depends on the masses' reaction on whether or not bitcoins as a world wide currency, will help ALL of the people, whether poor or rich.
Re: Bitcoin will control the world economy!!!!! is it true?
Yes i believe it will control the world and it will be very powerful also it can go even a lot higher than it is right now i even think it can go so high it has never reached before so i think it will go to 10k at the end of this year easily.
Why does he even think like that in first place. It is the price difference and exchange capability of bitcoin and fiat currency which us making is rich. If that gets replaced with one currency then how we can get the profits or how we can differentiate ourselves with that price tag. I think it's not possible because it's just not well possible! There can not be two sun in the single solar system, it will burn the life. So there can not be two currency otherwise it will just break down the economy of country. The dollar bill is something related to traditions, old ways of trading and it will never get replaced in any time soon. Bitcoin is perfect fit in the internet world and might not just fit in the real world. So may be not this time.
While I do agree that two currencies cannot be the main currency of a country, I don't really agree that the world is all about tradition. The traditional way might be sending money with dollars. The traditional way might even be physical fiat but that's clearly not the case anymore. In this modern age, people don't really embrace traditions that much anymore. People seek something new everyday and bitcoin is something new. It's only a matter of time before bitcoin gets considered as a "cool" thing and people will follow the trend. These days, people are into bitcoin because of the ridiculous gains it had given us in the past couple of months.
Another thing, I do agree that bitcoin cannot be the main currency of a country together with their local currency because bitcoin is not taxable. The country will have no funds and so they will be forced to ban bitcoins (which is quite hard to do, impossible even) or put a huge percentage of tax for fiat currency users, which will then of course force them to use bitcoins instead.
The companies often pay their remote employees in bitcoins and not in dollars. The reason is easy transactions and worldwide use. All these things will remove dollar from the market.
People should use bitcoin because it is the easiest way to earn a lot of money and you are doing nothing at all you do not even have to invest in it you can just earn through here and how older your account and how higher that means you can get a lot more.
I do not think you can compare those two because one is online money and the other is real life money and you cannot compare those two but if you want an answer dollars are nothing compared to btc because 1 btc is 6.5k dollars.
Hi guys 
May I know what are your plans on your Bitcoin in the future? Do you plan to keep on investing on Bitcoin related businesses or do plan to convert it into fiat and ventures on new business?
I'm planning to invest more on Bitcoin related companies and convert some of my Bitcoin into fiat and invest it on our local stock market. How about you?
May I know what are your plans on your Bitcoin in the future? Do you plan to keep on investing on Bitcoin related businesses or do plan to convert it into fiat and ventures on new business?I'm planning to invest more on Bitcoin related companies and convert some of my Bitcoin into fiat and invest it on our local stock market. How about you?
There's no much places to invest, also we can see a lot of scams related to bitcoin.
My plan is use it as a currency, not an investment, just spend some coins here and there and that's it.
Nowadays thousands of businesses around the world started to accept Bitcoin as a form of payment. Thousands of reputable e-commerce businesses are starting to accept bit coins as payment, including Wordpress, Amazon.com and Larger brick and mortar retailers are beginning to accept Bitcoins in their stores, including Kmart, Sears, Home Depot and CVS.
Just not i believe children should be free to do what they want because it is very hard to understand about something so complicated at their age also they need time for their selves we cannot make them do this let them be what they want.
actually it is gambling because it is very unpredictable and you just want profit from it so i would say it is gambling and i believe it can go even bigger than that also i do not know for sure if it is gambling but trading is gambling that is sure for me.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
This .gif accurately summarizes today.
What a freaking crazy ride, amirite ?
Yes, you are rite about 93% of the time, and this is one of those times.
I am so excited that I am about to employ colors and bold and weird choo expressions, - but possibly, I can hold back a bit longer - especially, since even though bitcoin dynamics are looking good, us HODLers and accumulators are not necessarily completely out of any woods, yet.
There us no right team because you never know when it is going to rise again and when it is going to drop again that is why i would say just buy it and hope for the best because it will rise even if it goes down after the moment you buy.
Re: Satoshi Nakamoto is 247th Richest Person in The World
I heard that he has a lot of bitcoins in his pocket. If he sells all the coins bitcoin would suffer a lot. I think he cashed out some of his coins. So now he is living in peace and with money.
I expect that he is actually richer than this list because he is hiding everything.
I expect that he is actually richer than this list because he is hiding everything.
You can buy it because they can't trace you so it will be harder for government to take actions. What if the seller is a police man ? You could get easily arrested and fined.
This is why i don't use bitcoins for illegal things its dumb.
This is why i don't use bitcoins for illegal things its dumb.
I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice.
+1 agreed. It's a commodity, a digital store of value.
I agree that bitcoin is money. For me its is online money, instead having it in your pocket like real money. If you work hard and collect bitcoins. You can sell them and get your real money.
Collect them and save them, because bitcoin has the potential to go to 40k in the future.
I support it because it is now worth something. I can see that ETH will have a great price in the future. This is also why I have invested in ETH. I think that it will be worth a lot.
I don't fully in ETH i invest in some other coins also. Like bitcoin. Bitcoin can be worth a lot.
I don't fully in ETH i invest in some other coins also. Like bitcoin. Bitcoin can be worth a lot.
A very good advantage is the privacy. Nobody can see how much bitcoins you got even the government can't see them. So you are fully anonymous only you can see it.
They can see only if you are hacked and if you are download games from the internet. Most of the time they have wallet stealers in it. So they can easily steal your wallet if you have stored them locally.
They can see only if you are hacked and if you are download games from the internet. Most of the time they have wallet stealers in it. So they can easily steal your wallet if you have stored them locally.
Today is NOT the right time to buy Bitcoin. As Bitcoin will continue to become bearish. Soon We can see it under $3k. What we can do now is to SELL it.and rebuy it from the bottom.
so far that's the best thing we can do for now. as what he said was right, we already knew that some people would actually panic sell when this news about forks and segwits and lots of issues related will happen.After the recent news re. BTC China and regulators crackdown on cryptocurrency trading, we all know which direction bitcoin and alt coins are currently heading. I wish to buy Bitcoin and Altcoin when they hit the floor, but i am unsure of when the right time is to enter?
I have nothing to argue about that it is normal instinct to sell in panic, but if you have skills and experience you could have known to wait. You need to simple just have to wait and belive in btc.
You can have more money only if they knew these panic sellers they could have so many more.