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Showing 15 of 15 results by jerk10
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Re: Would you give bitcoin as a wedding gift?
by
jerk10
on 01/08/2017, 12:10:05 UTC
Quote
Some tech-savvy wedding-goers are gifting the digital currency to new couples. Honeyfund, a honeymoon registry that allows guests to give cash rather than gifts, has seen more than a dozen customers donate in bitcoin, said chief executive officer and co-founder Sara Margulis. In recent years, more than a dozen customers have chosen to route donations to the site from bitcoin wallets. Zola, a wedding registry website, has had just two cash funds created for bitcoins since 2013, a spokeswoman said. "I would expect it to pop more as millennials come into the wedding age,” Honeyfund’s Margulis said. “It’s something you will do if your friends and family are already into bitcoin.

Bitcoin as an retirement plan, bitcoin to secure the future of your kids, and now bitcoin as a wedding gift. Whether or not bitcoin replaces cash in future, it looks like the trend of gifting bitcoin instead of cash at weddings is definitely going to catch up and more wedding registeries would be adding bitcoin as a gifting option.

Quote
Avoid using a wedding gift "as an opportunity to proselytize a technology you personally believe in, but the recipient could not care less about."

People who are not into bitcoin might not appreciate getting a volatile currency as a gift, and might never use it, thus adding it to the list of lost coins, but I think people who are already using bitcoin or would most probably use it in future then bitcoin instead of cash is the apt wedding gift for them.

http://www.marketwatch.com/story/would-you-give-bitcoin-as-a-wedding-gift-2017-06-27

I just suggested this to a friend who is getting married recently and he loved the idea.  Grin
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Topic
Board Bitcoin Discussion
Re: Invest in bitcoins today and be a millionaire in the future!
by
jerk10
on 01/08/2017, 11:03:48 UTC
http://www.c[Suspicious link removed]m/2017/06/20/bitcoin-millionaire-erik-finman-says-going-to-college-isnt-worth-it.html

Have you heard of the story of a 12 year old kid who wagered with his mom that if he will be a millionaire at age 18 he will not go to college. To his mothers surprise he is now a millionaire and never went to college. His secret he bought bitcoin at 12$ with a 1000 $ gift from his grandmother.

If we also dream of getting rich in the future it is now time to invest in bitcoins. Many said that we will be experiencing bubbles more often, that is true but we have survived it and still bitcoin keeps moving on.

If we want to get rich invest in bitcoins today. The price of bitcoin today is at 2600$ and moving up but imagine its value 5 to 10 years from now.

I feel you. I wish I had purchased bitcoin a little earlier than I did. I was apprehensive about losing money. But now that I have been able to make money from bitcoin, I have been trying to talk a lot of my friends and colleagues into buying bitcoin for investment purposes.
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Board Bitcoin Discussion
Re: The reason that keeps me from investing in bitcoin
by
jerk10
on 01/08/2017, 10:39:52 UTC
Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you Smiley

Segwit's supposed to solve this problem... let's wait and watch
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Board Bitcoin Discussion
Re: Is bitcoin is the new era of currency?
by
jerk10
on 31/07/2017, 13:39:37 UTC
Since bitcoin is trending now world wide because you can easily earn this and it exchange in real cash. Is bitcoin the new value of currency in the internet? Is he the new money? Can we use it in buying foods and etc in the future?

Yes, bitcoin has a bright future, provided that world governments don't ban and criminalise it. Somehow, I can relate bitcoin's case to that of marijuana's.  Tongue
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Board Bitcoin Discussion
Re: [BREAKING NEWS]: South Korea to Legalize Bitcoin!!!!
by
jerk10
on 31/07/2017, 12:19:16 UTC
This hot news is currently breaking on all the wires. South Korea is on the verge of legalising Bitcoin. Fill your bags...

https://www.cryptocoinsnews.com/south-korea-preparing-legalize-bitcoin/

Updates to follow as we receive them...

Legalisation means taxes... which is alright. at least they didn't ban it.
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Board Bitcoin Discussion
Re: Do I need to worry about my bitcoin holding after August 1st?
by
jerk10
on 31/07/2017, 11:55:22 UTC
Hi All,

I mostly use my hardware wallet to save most of my bitcoins where I have access to my private key.

However, I also keep a good amount of bitcoin in my online BlockChain wallet for quick trading transfers.

my question is, do I need to worry about my bitcoins I hold in my online wallet? Will it be safe? What can be the consequence of of August 1st network split on my bitcoins?

Can anyone please give me an answer?



Well the doomsaday has arrived (just a few hours left). We'll finally get to know what course will BTc is meant to folow.
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Topic
Board Bitcoin Discussion
Re: The superiority of Bitcoin
by
jerk10
on 29/07/2017, 12:10:57 UTC
Hey folks! I just wonder, what is with Bitcoin that until now it is still in it's peak and still unbeatable. Has not any one ever invented a new/other currency that matches the value of bitcoin? And if there would be What should it take for a new currency for instance to match the value level of bitcoin? Has anyone here ever thought that a new currency more superior than bitcoin could come out one day and bitcoin value would decrease or fall?

Ethereum might overtake bitcoin someday but that time is not any time soon in the future.
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Re: What's your way of spreading Bitcoin knowledge?
by
jerk10
on 29/07/2017, 11:35:11 UTC
I also did it some time ago where I showed two of my classmates my bitcoin wallet then the amount inside it as well as its price in my local currency and as usual they get curious too and asked how is it considered as a money or how it can used to buy some stuffs and how can I convert it into cash . I explained to them how can bitcoin works and how it can be used as a medium of exchange or payment, why it has a value and lastly how am I earning it .

I did something similar. Showed my Bitcoin Wallet to my friends which had about 600 USD worth of bitcoin. They were mightily impressed and then I also placed an order on Overstock to show them that this money actually worked. First I had their curiosity, now I had their attention.  Grin 3 of them are already dabbling in bitcoin and altcoins after that.
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Topic
Board Bitcoin Discussion
Re: [BREAKING NEWS]: Satoshi Nakamoto Is Dead!!!
by
jerk10
on 29/07/2017, 10:54:32 UTC
Note: this is a theoretical thread to discuss what would happen to Bitcoin, its price, and fanatics if it was suddenly revealed who is Satoshi Nakamoto and that they are now deceased.

What would happen to:

1. Bitcoin technology;

2. The price of a Bitcoin;

3. How would the community feel.

Discuss.

Is this a plot for a novel or something?

Nothing will change about bitcoin tech. The price might go crazily up for some time. The world will be sad.
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Board Press
Re: [2017-07-26]ViaBTC Launches Bitcoin Cash, the UAHF Token
by
jerk10
on 28/07/2017, 09:27:39 UTC
Update: It seems inaccurate to call BCC futures as users already exchange it for cash on ViaBTC and OKEX, so I will stop trying to define it.
Cheesy It is just a pretty attempt of marketing by launching coin as future of bitcoin. I can't imagine how horribly the community going to react after August 1 when it will be listed on major exchanges. 99% of users going to sell off right after acquiring the coins. Believe me, prices will be nothing more than 0.005 BTC in a week or so after release.

I have the same feeling when it comes to this new altcoin called Bitcoin Cash. It will be dumped so hard that its value will collapsed right before our eyes. anyway, this is just my opinion and not a sure thing since I am just human.  Bitcoin Cash can just be a footnote of history.

I totally agree with you. But an early price spike will happen for sure.
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Topic
Board Bitcoin Discussion
Re: What to do with the people who don't like Bitcoin?
by
jerk10
on 27/07/2017, 08:41:36 UTC
What would you do when you're talking to someone but then he suddenly talks about his hatred on Bitcoin, what would you react to it?

I've never actually experienced anything like this before, I just want to be prepared when it happened to me.

That's why institutions need to have cryptocurrency and blockchain awareness programs. Certain people associate bitcoin only with illegal trade, thanks to the Silk Road scandal. They could use some knowledge on what bitcoin really is.

True that. Bitcoin became notorious when it came to being linked with Silk Road drugs trade. But the underlying technology behind bitcoin, that is blockchain, is a disruptive technology. It has many more applications than just exchange of cryptocurrencies and companies are testing this tech for implementing it in their infrastructure. People really need to be made aware about this aspect of bitcoin. Blockchain might impact their lives in major ways in the future.
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Board Bitcoin Discussion
Re: Can cryptocurrency make real money disappear?
by
jerk10
on 26/07/2017, 14:00:33 UTC
What are the chances of living in a world with no actual money ?  Shocked

That is not very likely. Governments will spring into action the moment they feel threatened. In fact, Bitcoin is banned in countries like Bangladesh and Bolivia. And governments' interest has been piqued by cryptocurrencies.

I agree. Bitcoin and other cryptocurrencies have a disruptive potential. They have not merely currencies but blockchain tech's other applications can turn the world upside down. Banks, insurance companies, and other financial institutions will have nothing to do if cryptocurrencies become mainstream. And so, govts will interfere and ban them before that. Indian govt is in talks about taxing cryptocurrency gains.
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Board Press
Re: [2017-07-26]BTC's 10% Plunge Reveals Underlying Concerns About Currency Split
by
jerk10
on 26/07/2017, 13:36:19 UTC
Excerpt
Bitcoin’s volatile ride continued Tuesday, with prices dropping to their lowest in five days as concerns over the activation of SegWit2x weighed on investors. Bitcoin (BTC/USD) plunged more than 10% on Tuesday, reaching a low near $2470.00, according to Bitstamp. The drop erased most of the progress made last week after developers apparently agreed to avoid a currency split. Uncertainty Over SegWit2x Various news sources, including The Wall Street Journal, reported last week that the vast majority of developers signaled support for a new software protocol. This protocol, dubbed BIP91, is intended to resolve differences between the User Activated Fork…
You can read the full article here (https://hacked.com/bitcoins-10-plunge-reveals-underlying-concerns-currency-split/)

I am not sure if I should retain my investments in altcoins. I have invested in IOTA, EOS and NEO. I don't know if I should keep my currencies or sell them before its too late.Please suggest guys

I would get out if I was you. Not a very good time to be letting money stay in the market. Segwit and BIP91 have already caused a lot of damage.
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Re: [2017-07-20] How Businesses In Russia Accept Bitcoin and Pay Taxes
by
jerk10
on 24/07/2017, 08:02:37 UTC
Burger King, this grocery store and many other places who already began to accept bitcoin for payment in the country where there still there is no any clear regulation of crypto-currencies.

The rumor that Burger King began accepting Bitcoin payments was later proven to be a fake news item spread by the Coin Telegraph. Are you willing to pay $5 in transaction fee for a burger which costs $2?

Yes, it's very stupid. Small payments are now difficult to implement with the help of bitcoin. Few will agree to such large commissions. And even more so in Russia, where the incomes of the population are not very high

Looking at the enormous price of bitcoin I think instead of using bitcoin as a currency, a country must accept some AltCoin as a medium for payment.
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Board Press
Re: [2017-07-23] bollywood celebrities embrace bitcoin
by
jerk10
on 24/07/2017, 07:54:57 UTC
Here's a tweet from Shilpa Shetty Kundra
"Adding “Crypto Currency for Beginners” to my reading list! Thanks @amitbitcoin for enlightening me on Bitcoin investing #amitbhardwaj"

Bollywood celebs just want to portray their image as some highly intellectual finance geek typo person. All this might be done to grab some eyeballs, some cheap publicity stunt or maybe the promotion of Amit bhardawaj's newly released book.