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Showing 20 of 242 results by joan26
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Board Bitcoin Discussion
Re: What were your experiences with Bitcoin when you first started?
by
joan26
on 18/03/2018, 00:43:42 UTC
In my first year in bitcoin, I really don't know what is it. I'm so curious about it because I always see it in advertisements. So I just research myself about what really is it. And after that I discover btc faucet where I can earn some cents doing captcha. I'm happy with just that but after a year when faucet becomes too little because btc prices hikes. I feel lazy.
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Board Bitcoin Discussion
Re: Some of my friends still think Bitcoin is scam and Ponzi
by
joan26
on 18/03/2018, 00:31:05 UTC
Dear all,

I just heard some of my friends chatting in a gathering and they think Bitcoin is scam and Ponzi. I just give them a smile and wish they will educate themselves a bit.

So, I would like you to give me some suggestions, how I can give them some hints with soft words which can change their mind or at least give them some more space to think twice?

If that's what your friends think we cannot do anything about it. Just respect them and they're opinion. And if you really like to convinced them just say what's the best thing about btc and it's uses. If that's not make them change their view about it then let it be. It's not your lose after all.
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Board Bitcoin Discussion
Re: Ways to promote Bitcoin
by
joan26
on 17/03/2018, 05:06:39 UTC
We can promote bitcoin in some simple ways.

Start a local Facebook group
-Facebook is the world’s third most popular website after Google and YouTube.Facebook groups are easy to create, and once you do that, invite your friends. On the forum, you can guide them on the basics and benefits of using bitcoin over fiat currency and as a new alternative investment asset class.

Start a blog that focuses on bitcoin awareness in your city/country
-Launching a bitcoin awareness blog specific to your country or city is a great way to spread the word locally.
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Board Bitcoin Discussion
Re: Do you think Bitcoin will survive after 100 year ?
by
joan26
on 16/03/2018, 23:15:52 UTC
A lot of things can happen in just a hundred of years, that is too much time, and it is impossible to predict how long can bitcoin last. And we can not even know if bitcoin will survive by next year, it is not possible.
But there have been a lot of changes in bitcoin last year, and i think that has been the best year for bitcoin. I think that we are facing a lot of events, and we can not predict what is going to happen in 100 years..
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Board Bitcoin Discussion
Re: How to explain bitcoin to teenagers or children
by
joan26
on 16/03/2018, 23:09:32 UTC
I think, the easiest way to explain bitcoin to teenagers that its a digital currency, money online and shows some videos how does it works. Presents some video that teenagers can easily understand.

And besides of these there is a better way to explain through presentation and practically .
Because practical ways are the real ways to understand without forget in the future .
So to take study about the bitcoin in practical way is a better option for everyone and every category of the people children .
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Board Bitcoin Discussion
Re: What would happen if BTC was Banned?
by
joan26
on 16/03/2018, 06:26:44 UTC
Nothing would happen that doesn't now just a move from centralized to decentralized. Not sure what would happen  especially the trading and exchange! Guess it would be closed.
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Board Bitcoin Discussion
Re: Offline Wallets Vs Online Wallets
by
joan26
on 16/03/2018, 06:06:42 UTC
An online vs offline wallet won't make a difference. A bitcoin transaction has to be broadcast to the network at some point. So the transaction comes online at some point. In order for the transaction to get processed, it needs a sufficient fee.
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Board Bitcoin Discussion
Re: Do Banks fear cryptocurrency
by
joan26
on 15/03/2018, 22:08:43 UTC
Banks fear bitcoin, because they see its potential. Many banks have looked into the blockchain technology and are trying to replicate it...purely because the technology is so powerful and out-does all banks by people preference by far. The only reason bitcoin has not taken over yet, is because of the peoples unawareness of it.
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Board Bitcoin Discussion
Re: Why people attract for the BitCoin than other crypto currency?
by
joan26
on 15/03/2018, 05:09:37 UTC

Bitcoin has a large lead as a store of value over every altcoin in having existed 8 years without failure. The security of Bitcoin has been proven far more than its much younger counterparts with usage by almost every metric exceeding that of altcoins.
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Board Bitcoin Discussion
Re: Why is bitcoin the most popular cryptocurrency?
by
joan26
on 15/03/2018, 04:59:32 UTC

It remains the most battle-hardened crypto brought to scale, and it continues to hold strong despite in-fighting and hacks.
And People are treating it as a store of value, the equivalent of being digital gold that continues to grow in value instead of money (its original purpose).
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Board Bitcoin Discussion
Re: What can you do with Bitcoins but can't do with Dollars?
by
joan26
on 13/03/2018, 05:28:44 UTC
You can send bitcoin anywhere in the world without a third party involved or simply you can send it anonymously. You can't do it with dollars or any currency because before you can send any currency you need an account or any exchanges exist.
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Board Bitcoin Discussion
Re: Bitcoin As a subject in school
by
joan26
on 13/03/2018, 04:59:15 UTC
It is ok to teach trading in schools so that even at their young age they have the idea and they know what it is. It is for them to get the knowledge of trading that they can use when they prefer to get into it.
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Board Bitcoin Discussion
Re: Why use Bitcoins ?
by
joan26
on 12/03/2018, 06:32:07 UTC

In some parts of the world, bitcoin is still a more efficient and cheaper way to transfer money across borders, and several remittance startups make use of this feature. Bitcoin's cost and speed advantages, though, are being eroded as traditional channels improve (and the network's fees continue to increase), and liquidity remains a problem in many countries.
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Board Bitcoin Discussion
Re: How can we help bitcoin grow?
by
joan26
on 12/03/2018, 05:23:19 UTC
Just buy and hodl..
That's gonna be already a big contribution to Bitcoin and the blockchain. If you feel like mining and feel like you are ready, go ahead and do! Also, don't give a damn about media speculations and don't share them and never panic! Just hold your BTC and wait! That's how can we help BTC grow.
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Board Bitcoin Discussion
Re: Is Bitcoin really secure?
by
joan26
on 11/03/2018, 22:10:08 UTC

If you're worried about someone hacking your wallet, the underlying cryptography for Bitcoin has been studied in detail, and is believed by experts to be secure. Assuming that you choose a strong password for your wallet, your Bitcoins should be safe from theft.
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Board Bitcoin Discussion
Re: Do We Need Social Media Promotion
by
joan26
on 11/03/2018, 00:57:14 UTC
Actually social media will be a big help for bitcoin, almost every people use internet and social media in their every day life. I think to get them inform about bitcoin is through social media that if they see it advertised there,they'll come to get curious and read and get involved in it. So, hoping for more social media advertising soon..
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Board Bitcoin Discussion
Re: How do you deal with friends/family when they lose their investment?
by
joan26
on 11/03/2018, 00:32:11 UTC
If you tell your friends and family about Bitcoin without giving them any sort of in-depth financial advice and they go ahead and invest, how do you deal with it when the market dips very low and they silently blame you for losing them money.

Well if I am in that situation I think all I can do is to keep them calm and explain how this business works even in dip times. And I tell them that the secret formula of this business is Patience. That if they don't have it they might also lose big in the future.
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Board Bitcoin Discussion
Re: Is bitcoin used by criminals ?
by
joan26
on 10/03/2018, 23:44:22 UTC
This is mainly because many people think Bitcoin is anonymous, when in fact it’s the opposite - all Bitcoin transactions are transparent for the whole world to see. People might not be able to link the identity to Bitcoin right away.
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Board Bitcoin Discussion
Re: Difference between Bitcoin and real money?
by
joan26
on 10/03/2018, 07:51:05 UTC
Money is a term used by economists for something that does three things

A store of value
A medium of exchange
A unit of account

Bitcoin meets all this three.
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Board Bitcoin Discussion
Re: Bitcoin affects students' performance in school
by
joan26
on 10/03/2018, 07:44:49 UTC
It just depends on the students. If the students know their priority they must know that they should have a time management for their studies not to be affected by bitcoin.