Search Posts

In future will the banks be able to exchange bitcoins?
Now we are exchanging from traders...but when (if) the popularity of bitcoin increase a lot then the traders will not be able to exchange such amount of bitcoins...so what about the future of bitcoin?

No one knows for sure (with any degree of certainty). Having said that, most agree the future is bright. That statement does have a few caveats. Like buying process of Bitcoins will have to be made much more simpler than it is at present. All indications point that the process will get more streamlined, so buying bitcoins will be an easy task.

Post

Topic

Board Beginners & Help

Re: What is the best safest way to keep bitcoins.

janaiz

on 24/05/2018, 18:12:03 UTC

Quote from: karamoris on December 23, 2017, 07:47:39 PM

i am newb & want to know the best and safest way to keep collect btc .
thanks in advance

A desktop wallet offers a number of advantages over an online wallet. While online wallets are easily accessed from anywhere in the world, they are also more vulnerable to potential hacking. Desktop wallets, on the other hand, are accessed only via your private computer, with personal security keys stored just on that machine. Thus, exposure of your security key online is reduced. Nonetheless, desktop wallets are still susceptible to hacks if your machine gets infected with malware designed to root out keys and steal Bitcoins.

Post

Topic

Board Beginners & Help

Re: how to earn Bitcoin without investing??

janaiz

on 23/05/2018, 06:47:26 UTC

Quote from: PageDown on March 07, 2018, 04:17:21 AM

Can I earn bitcoin without investing? if it can be done, how? really need it cause I don't have money now.

Yes! you can earn Bitcoin and altcoins without investing, you just need to participate in bounty campaigns like signature campaign and social media like twitter and facebook, or airdrops with these you will earn Bitcoin or altcoins without investing or loosing some of your fiat currency. But you need a lot of knowledge and higher rank to join in bounty campaign.

Post

Topic

Board Bitcoin Discussion

Re: Opportunity to sell for bitcoin

janaiz

on 22/05/2018, 16:39:42 UTC

Quote from: IllumTSC on March 06, 2018, 10:35:32 AM

I was wondering, if you had an opportunity to sell your stuff alike cars, pc, homethings and etc., would you sell it for bitcoin (or maybe other altcoin)? The main question is to see, are you ready trade stuff for cryptocurrencies and how do you imagine it?

If I had an opportunity to sell my stuff, I will not sell it because Bitcoin and altcoins is not stable at all, it goes up and down but if the price is stable pumping up I maybe think twice to sell it. but until now there is no chance that it will stable the prices of cryptocurrencies.

Post

Topic

Board Bitcoin Discussion

Re: How stable is Bitcoin.

janaiz

on 22/05/2018, 11:44:44 UTC

Quote from: kache2018 on April 05, 2018, 03:43:34 PM

Entering month of April, we are seeing the gradual increment on bitcoin's value. This leads to me this question, How stable is bitcoin? What are the factors indicating its constant movement aside from the fact that compared from the last years its value was unfathomable in a financial sense but sudden drops oppressing lots of investors. What sort of deem of hope to investors not to become disoriented and eventually selling there btc shares as its value decrease. What do you think guys?

Bitcoin is definitely not a stable currency.

Stability of the value of a currency depends on supply and demand. How many bitcoins are in existence vs. how many people want to use them to mediate exchanges, or to collect them because they might appreciate over time.

The currency tends to be deflationary, assuming the user base will increase. There is a gradually slowing down creation process for the currency, where a fixed final target amount of 21 million bitcoins is approached with increasing difficulty in the creation process. This process is essentially pre-programmed and takes no heed of demand. The user base could increase by orders of magnitude but the amount of coins to work with is not flexible.

Post

Topic

Board Beginners & Help

Re: How can i earn bitcoin here in bitcointalk?

janaiz

on 21/05/2018, 12:42:31 UTC

Quote from: cellflash on April 02, 2018, 01:26:14 PM

I'm a newbie and honestly, bitcoin is new to me.. I just heard this few months ago from a friend who invested his own money. But from other friend told me that he earned bitcoin here in bitcointalk without investing money from his own pocket. Maybe some of you here can advise me what to do to earn bitcoin?

Earning Bitcoin here in forum is hard nowadays, you need to become higher ranks to join a campaign and you need lots of knowledge about Bitcoin to participate like signature campaign because you can only post selected boards and it must be high quality. There is an alternate to earn Bitcoin, you can join bounty campaign in alt coins and just convert it to Bitcoin.

Post

Topic

Board Beginners & Help

Re: why so many currencies?

janaiz

on 20/05/2018, 11:48:45 UTC

Quote from: sv624 on October 17, 2017, 03:23:13 AM

Hi All,
Please help me understand in plain English how will we benefit from so many currencies?
I see so many startups with decentralized blockchain ideas with their own crypto currency.
Today I purchased oatmeal directly from a mill at their website.
This mill sells its products thru grocers and other online stores as well.
They probably gave 3% to the credit card company, which they could reduce by using blockchain.
But if every store and every business starts creating their own currency, then I will have to go thru an exchange to convert BTC or ETH to that coin to make some purchase.
Then we would need miners to process all those transactions in various coins.
Why can't they just use ETH? Just like all IPOs use dollars.
Thanks in advance

Nowadays, it is because individual nations want to be able to control their own monetary policy, simplistically, the rate of growth of the supply of money, for the purpose of economic growth and/or stability. This becomes much less effective if several distinct economies are forced to use the same policy. It's like if New York City and Albany were forced to spend their city budgets the same way.

Post

Topic

Board Bitcoin Discussion

Re: Why many banks hate cryptocurrency ?

janaiz

on 20/05/2018, 07:33:02 UTC

Quote from: altcoinanalyst1 on May 19, 2018, 09:25:54 AM

I have seen many news about banks banning bitcoin from using. But I think bitcoin is a great technology and future assets, and its a great opportunity for banks also to use bitcoin as a contribution. My question is why does they ban it rather than use bitcoin ?

Banks have largely been against cryptos, often citing the volatility and the ability to be used for money laundering. This is a bit of an ironic criticism coming from banks that are seemingly paying massive sums of money on a regular basis to settle allegations of money laundering or other financial crimes. The real answer to why the banks dislike cryptocurrencies is most likely that they feel threatened. The rise of cryptocurrencies has exceeded all expectations and, while the concept is still very young, it does have potential to shake up the aging fiat system. In order to understand the race between the banks and cryptocurrencies.

Post

Topic

Board Economics

Re: What is the most influential factor that triggers bitcoin prices to fall down?

janaiz

on 20/05/2018, 03:09:19 UTC

Quote from: chrmn27 on January 26, 2018, 04:00:08 PM

Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?

Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. Ideally, the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. With an upsurge in the adoption and usage of this digital currency, the demand for bitcoins has significantly increased in the recent past. Note that because of the decentralized nature of this currency, the bitcoin price is not normally controlled by any company, organization or government.

One Factors that influence Bitcon price is market manipulation this is one factor that can influence the bitcoin price. For instance, traders can sometimes purchase huge chunks of bitcoins from the market so as to make the price to appear like it is rising before dumping them back to the market.

Post

Topic

Board Altcoin Discussion

Re: PURPOSE OF TOKEN?

janaiz

on 19/05/2018, 23:57:40 UTC

Quote from: SellBuyAcc on April 28, 2018, 04:57:05 AM

Hi guys, this just bother me long time ago, and just popped up recently..

What is the purpose of token?

I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
I hope I can get POSITIVE response and not some hates and negative one.

Thank you.

Tokens issued today are built atop Ethereum, the second most valuable cryptocurrency on the market. Ethereum is like bitcoin because it is a tradable digital currency, which is called ether. ... The Ethereum network itself is being used as a giant token-issuing machine.

Post

Topic

Board Bitcoin Discussion

Re: Bitcoin to be used as world currency?

janaiz

on 19/05/2018, 14:33:42 UTC

Quote from: rddsd7 on May 14, 2018, 12:17:42 PM

For a long time, now the political elite and the leaders of the Vatican have been looking for a world government and currency,

I do believe that bitcoin is a part of financial future and great way to become an investor, but I have doubts that it can possibly replace traditional money or become world currency.

What are the possibilities and stopovers??

Bitcoin is the worlds first decentralized currency now an accepted form of payment in dozens of countries around the world. As more countries begin to adopt this innovative technology, its clear that Bitcoin has the potential to become the new global currency not tied to a specific country or central bank.

Post

Topic

Board Bitcoin Discussion

Re: Why Bitcoin is Different From Other Currencies?

janaiz

on 19/05/2018, 11:22:51 UTC

Quote from: Md.Esamul Haque on October 13, 2017, 02:31:43 PM

Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.

By any measure, Bitcoin was, is, and will be the most sure investment when it comes to cryptocurrency. The key part of such success is popularity, trust and gained due to the fact that Bitcoin was the first cryptocurrency. The more people get to know about Bitcoin, the more it grows.

Altcoin means alternative coin. What do you think, is alternative good or bad? It can be both, so are the Altcoins. There are dozens of moderate and even low-grade coins that only a narrow circle of people know and use. However, certain alternatives create a strong competition for Bitcoin and one of the example is Ethereum because ETH is being the second after Bitcoin cryptocurrency.

Post

Topic

Board Bitcoin Discussion

Re: Why Goverment is not recommending to use digital currency such a bitcoin?

janaiz

on 19/05/2018, 04:59:36 UTC

Quote from: Terry05 on October 14, 2017, 12:28:36 AM

Yesterday I red article regarding digital currency. The article aim to discourage us in using digital currency as these currency is not recognize by our country monetary institution. What do you think is the reason why other governments are discouraging its citizen to use digital currency? Any thoughts.....

Bitcoin and other decentralised cryptocurrencies allow people to trade directly with each other, cutting out the need for a middleman which, in traditional commerce, is a bank.

Banks generally charge fees for doing anything with money, even just holding on to it. That's because the banks have created a level of trust that transactions pass smoothly and everything is recorded and accounted for correctly.