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Guys we are very much aware how the crypto community through this great forum has helped most of us in terms of our finances but is so heartbreaking that the most of the public views only describes how insecure and unsafe the crypto community is. I do understand that cryptocurrencies are volatile and the issue of anonymity sometimes scares people away but y'all bear with me that if crypto is explained to you and you really understand it properly you would not make wrong mistakes and get swayed away by panic sales or submit your private key as ethereum wallet address. Is it a public campaign or some other form of tutorial that we should organize to help explain crypto to the world because believe it or not the blockchain technology of cryptocurrencies is being admired by most organizations and some of them have decided to run their operations with the use of blockchain technology. What can we do as a community to help change the public view of Crypto?
Many cryptocurrencies are set up at least in part to make payments or other processes faster and more efficient. To what extent would these advantages improve the economy? Are there other effects that would increase the benefits or offset them? Are there alternative technologies that offer the same improvements with lower risks? The answers vary significantly with the specifics of the cryptocurrencies and their design and use.very interesting when we hear that academics from Princeton University and academics from the University of Florida have concluded that China has the potential to threaten stability, internet infrastructure, security and bitcoin development.
in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.
Is there a solution to stop that potency ?
this is good discuss As the value and economic utility of Bitcoin have grown, so has the incentive to attack it, the researchers explain. We singled out China for analysis because they are the most powerful potential adversary to Bitcoin, and we found that they have a variety of salient motives for attacking the system and a number of mature capabilities, both regulatory and technical, to carry out those attacks.in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.
Is there a solution to stop that potency ?
China may be motivated to weaken or destroy it to make an ideological statement; for example, demonstrating the futility of decentralized control paradigms, the paper reads. this goal as long as it is highly visible.
Hi guys, I noticed some projects use to burn their token after ICO or after listed on exchanges.
For Example. I got the news on No Bs CRYPTO (Nobs) burning their 75% of the total supply.
Proof link: https://nobscrypto.com/blog/announcement-2018-10-16/
What's the advantagess and disadvantages of burning the token?
The idea is that miners/participants should show proof that they burnt some coins i.e., sent them to a verifiably unspendable address. This is expensive from an individual point of view, just like proof-of-work, but it consumes no resources other than the burnt underlying asset.For Example. I got the news on No Bs CRYPTO (Nobs) burning their 75% of the total supply.
Proof link: https://nobscrypto.com/blog/announcement-2018-10-16/
What's the advantagess and disadvantages of burning the token?
Discuss about bitcoin and cryptocurrency. For me, this is an interesting topic because bitcoin issues are often the talk, including confusion in many quarters. What is cryptocurrency? What is bitcoin? How does the regulator respond to the development of the current crypto currency? And how is the bitcoin phenomenon going forward?
In its purest form, cryptocurrency or crypto currency is a kind of electronic cash that can be sent directly from person to person (peer-to-peer) without going through financial institutions, or banks. Generally if we are currently sending funds or money to other parties, of course, must be processed through the bank. In this case, the bank serves as an intermediary. Well in this crypto technology, the payment is made directly without an intermediary. Transactions conducted between two parties in a network are then verified through a specific encoding process or cryptography. Well, Bitcoin is one of the existing cryptocurrency types, and is popular. In addition to Bitcoin there are more than a few crypto currencies similar to various names, such as ethereum, litecoin, etc. Many of these crypto currencies are short of devotees until they die one by one. In Bitcoin, if there are transactions of two persons, the other party in the network that can decode or verify the occurrence of the transaction, will be rewarded with bitcoin. This step is known as mining bitcoin (mining).
From what I've learned before, that David Yermack, researcher at the Bureau of Economic Research, New York University (2016) that bitcoin still fails to meet the criteria as a currency. It cites the basic functions of a currency, the medium of exchange, the a store of value, and the unit of account. Of the three criteria, bitcoin does not qualify as money. Yermack doubts that bitcoin can be a currency or means of payment acceptable to today's audiences. I agree with the analysis. If we look at bitcoin volatility in recent years is very high, much higher than the existing currency. This has an impact on the difficulty of calculating the short-term risks of bitcoin. In addition, the exchange rate of bitcoin in the day to day does not correlate at all with any currency in the world, nor with commodities such as gold for example. This makes bitcoin useless in risk management and difficult for the owner to hedge.
Let's look at one by one the money function on bitcoin for more details. First, as a medium of exchange. Bitcoin has no intrinsic value, so its value will depend largely on its usefulness in the economy or consumption. But in reality, today is still very small parties who use bitcoin in everyday life to make various payments. Few traders (merchants) are willing to accept bitcoin. Some countries such as Japan, for example, allow bitcoin to be used as a means of payment (not as legal tender or legal currency). But if we go to Japan, just a few, not to say very little, the store is willing to accept payment with bitcoin. Especially in other countries, including Indonesia. In other words, payments using bitcoins are currently very rare.
Second, as a unit of account. For users or buyers, we certainly look for ease in buying goods. For example, a bowl of chicken noodles cost Rp 25 thousand, a cup of coffee costs Rp 15 thousand. This will make it easy to calculate. But in the use of bitcoin, various problems arise, mainly due to its extreme volatility. The value of bitcoin can vary drastically from minute to minute. This makes it difficult for the seller to determine the price of an item. In addition, there is no uniform or fixed market price associated with bitcoin. I also tried to check on some bitcoin markets around the world, and the prices vary. This disparity, in the theory of market value, violates the law of one price for a currency. Why breaking? Because it is open most likely people to do arbitrage in the same market (buy cheap and sell high in commodities and the same time).
Third, as a store of value. When a currency serves as a store of value, the owner certainly has the expectation that the currency he holds can be obtained easily and can be redeemed for future goods or services as needed. The economic value of goods or services purchased in the future is expected to be equal to the money used or stored now.
From the above analysis it can be seen that Bitcoin, according to Yarmeck (2016), still can not meet the criteria as money because it has the deficiencies as above. Generally people currently hold bitcoin instead of being used as a means of payment, but rather to speculative investment. Bitcoin is also increasingly difficult to accept because it is disconnected with the payment system and banking in many countries, because most authorities in the world forbid it to be used as a means of payment.
Bitcoin isnt a global currency ready to replace national currencies, including the mighty dollar. Thats a myth.In its purest form, cryptocurrency or crypto currency is a kind of electronic cash that can be sent directly from person to person (peer-to-peer) without going through financial institutions, or banks. Generally if we are currently sending funds or money to other parties, of course, must be processed through the bank. In this case, the bank serves as an intermediary. Well in this crypto technology, the payment is made directly without an intermediary. Transactions conducted between two parties in a network are then verified through a specific encoding process or cryptography. Well, Bitcoin is one of the existing cryptocurrency types, and is popular. In addition to Bitcoin there are more than a few crypto currencies similar to various names, such as ethereum, litecoin, etc. Many of these crypto currencies are short of devotees until they die one by one. In Bitcoin, if there are transactions of two persons, the other party in the network that can decode or verify the occurrence of the transaction, will be rewarded with bitcoin. This step is known as mining bitcoin (mining).
From what I've learned before, that David Yermack, researcher at the Bureau of Economic Research, New York University (2016) that bitcoin still fails to meet the criteria as a currency. It cites the basic functions of a currency, the medium of exchange, the a store of value, and the unit of account. Of the three criteria, bitcoin does not qualify as money. Yermack doubts that bitcoin can be a currency or means of payment acceptable to today's audiences. I agree with the analysis. If we look at bitcoin volatility in recent years is very high, much higher than the existing currency. This has an impact on the difficulty of calculating the short-term risks of bitcoin. In addition, the exchange rate of bitcoin in the day to day does not correlate at all with any currency in the world, nor with commodities such as gold for example. This makes bitcoin useless in risk management and difficult for the owner to hedge.
Let's look at one by one the money function on bitcoin for more details. First, as a medium of exchange. Bitcoin has no intrinsic value, so its value will depend largely on its usefulness in the economy or consumption. But in reality, today is still very small parties who use bitcoin in everyday life to make various payments. Few traders (merchants) are willing to accept bitcoin. Some countries such as Japan, for example, allow bitcoin to be used as a means of payment (not as legal tender or legal currency). But if we go to Japan, just a few, not to say very little, the store is willing to accept payment with bitcoin. Especially in other countries, including Indonesia. In other words, payments using bitcoins are currently very rare.
Second, as a unit of account. For users or buyers, we certainly look for ease in buying goods. For example, a bowl of chicken noodles cost Rp 25 thousand, a cup of coffee costs Rp 15 thousand. This will make it easy to calculate. But in the use of bitcoin, various problems arise, mainly due to its extreme volatility. The value of bitcoin can vary drastically from minute to minute. This makes it difficult for the seller to determine the price of an item. In addition, there is no uniform or fixed market price associated with bitcoin. I also tried to check on some bitcoin markets around the world, and the prices vary. This disparity, in the theory of market value, violates the law of one price for a currency. Why breaking? Because it is open most likely people to do arbitrage in the same market (buy cheap and sell high in commodities and the same time).
Third, as a store of value. When a currency serves as a store of value, the owner certainly has the expectation that the currency he holds can be obtained easily and can be redeemed for future goods or services as needed. The economic value of goods or services purchased in the future is expected to be equal to the money used or stored now.
From the above analysis it can be seen that Bitcoin, according to Yarmeck (2016), still can not meet the criteria as money because it has the deficiencies as above. Generally people currently hold bitcoin instead of being used as a means of payment, but rather to speculative investment. Bitcoin is also increasingly difficult to accept because it is disconnected with the payment system and banking in many countries, because most authorities in the world forbid it to be used as a means of payment.
At least, thats the message from the recent emerging market currency crisis. The digital currency is crashing in tandem with emerging market currencies rather than rallying, as Bitcoin investors would have expected.
An area dedicated to discussing the differences of these two terms and the theories supporting them.
I'm looking forward to an in-depth discussion on the subject! I've noticed that confusion between the two seems to come up quite a bit on the forum, and thought it may be reasonable to dedicate a thread on the matter.
Pulled from a discussion in Wall Observer
Price-Deflation is what you are used to hearing about in Bitcoin. That term is used to describe the prices of goods/services as they decrease, because the value of Bitcoin goes up.
Price-Inflation is the opposite. When prices of goods/services increase because the value of Bitcoin goes down.
So, when dealing with Price-Inflation or Deflation, there is an inverse relationship of price and value, in regard to goods/services and Bitcoin.
Example: As the Bitcoin price goes from $10 to $20, the prices of goods/services goes down from 20BTC to 10BTC. As the Bitcoin price goes from $20 to $10, the prices of goods/services goes from 10BTC to 20BTC!
Why does the price of Bitcoin go up and down? The price of BTC goes up and down based on the exchange rate, or market price, which is set by buyers and sellers, or traders. They directly trade the Bitcoin currency with all sorts of other currency, and even some with gold; the most popular being the USD (US dollar). They set the price when executing orders to buy or sell. I will get into the actual reason of why the price fluctuates in the last section.
Now that we've gone over PRICE Inflation and Deflation (which honestly, to me, is a term made popular by Keynesian's to hide the real facts, as price inflation/deflation is simply the market exchange rate, reflective of the money supply into a currency from itself and other currencies), let's go over the REAL inflation/deflation of a currency (otherwise known by many as Monetary Inflation).
MoneySupply-Inflation is when the value of Bitcoin decreases when the total supply of Bitcoin increases. In our current state, this is at a generation rate of 25 BTC every 10 minutes.
MoneySupply-Deflation will essentially never occur. It is when the value of Bitcoin increases when the total supply of Bitcoin decreases. This may happen, say, when someone loses their private key and all the BTC associated with it are lost. This effectively "makes the rest of us richer". That being said, there is a SET DECREASE in the generation rate of BTC, so you have sort of a "deflationary effect" in the value, as long as more exchange occurs for BTC at a rate which is faster than that set generation rate.
When all 21 million coins are produced, the MoneySupply will be neutral, and the value will continue to increase (prices will decrease, consequently), as long as people continue to exchange in BTC.
This leads me to the last section.
What determines the PRICE of Bitcoin? The VALUE of Bitcoin at a particular moment.
What determines the VALUE of Bitcoin? The SUPPLY and DEMAND of Bitcoin in the economy.
What determines the SUPPLY of Bitcoin? Currently, the MoneySupply-Inflation rate of 25 BTC every 10 minutes, and traders willing to SELL Bitcoin to BUYERS in exchange for other supplies of money (currencies).
What determines the DEMAND of Bitcoin? Traders willing to BUY Bitcoin from SELLERS in exchange for other currencies.
Therefore: BUYERS, SELLERS, and MONEYSUPPLY-INFLATION (miners) determine the VALUE of Bitcoin, which determines the PRICE of BTC as BUYERS and SELLERS trade based on that VALUE (or supply and demand) of Bitcoin.
We don't exactly know the totality of the supply and demand. Sure, we could try and aggregate data from all the exchanges, but we will never be accurate as there are exchanges which can not be accounted for (OTC). The cool thing is that we DO know the MoneySupply rate, and we DO know the exchange rate. From this, we can determine a real value of Bitcoin when simply multiplying the two factors; a sort of inflation-adjusted view of the currency.
Effectively, the quantitative analysis of supply and demand is really what the currency exchange traders attempt to accurately determine which is conveyed through buying and selling of Bitcoin, setting a VALUE via the PRICED exchange rate of the currency. On a side note, most of the big Market Makers (FX Traders) use this price movement as a way to make a profitable living, as well. Especially when price fluctuations are a consequence of hype or fear (bubbles, cliffs), not factual supply/demand data, and are wildly out of the real price range.
Thus, if you analyze the proper macroeconomic data in an attempt to forecast future DEMAND for more Bitcoin (price increase), you will realize some very interesting things, and have a more accurate picture of where the price is going...
Happy trading!
Price-Deflation is what you are used to hearing about in Bitcoin. The prices of goods/services as they decrease, because the value of Bitcoin goes up.I'm looking forward to an in-depth discussion on the subject! I've noticed that confusion between the two seems to come up quite a bit on the forum, and thought it may be reasonable to dedicate a thread on the matter.
Pulled from a discussion in Wall Observer
Price-Deflation is what you are used to hearing about in Bitcoin. That term is used to describe the prices of goods/services as they decrease, because the value of Bitcoin goes up.
Price-Inflation is the opposite. When prices of goods/services increase because the value of Bitcoin goes down.
So, when dealing with Price-Inflation or Deflation, there is an inverse relationship of price and value, in regard to goods/services and Bitcoin.
Example: As the Bitcoin price goes from $10 to $20, the prices of goods/services goes down from 20BTC to 10BTC. As the Bitcoin price goes from $20 to $10, the prices of goods/services goes from 10BTC to 20BTC!
Why does the price of Bitcoin go up and down? The price of BTC goes up and down based on the exchange rate, or market price, which is set by buyers and sellers, or traders. They directly trade the Bitcoin currency with all sorts of other currency, and even some with gold; the most popular being the USD (US dollar). They set the price when executing orders to buy or sell. I will get into the actual reason of why the price fluctuates in the last section.
Now that we've gone over PRICE Inflation and Deflation (which honestly, to me, is a term made popular by Keynesian's to hide the real facts, as price inflation/deflation is simply the market exchange rate, reflective of the money supply into a currency from itself and other currencies), let's go over the REAL inflation/deflation of a currency (otherwise known by many as Monetary Inflation).
MoneySupply-Inflation is when the value of Bitcoin decreases when the total supply of Bitcoin increases. In our current state, this is at a generation rate of 25 BTC every 10 minutes.
MoneySupply-Deflation will essentially never occur. It is when the value of Bitcoin increases when the total supply of Bitcoin decreases. This may happen, say, when someone loses their private key and all the BTC associated with it are lost. This effectively "makes the rest of us richer". That being said, there is a SET DECREASE in the generation rate of BTC, so you have sort of a "deflationary effect" in the value, as long as more exchange occurs for BTC at a rate which is faster than that set generation rate.
When all 21 million coins are produced, the MoneySupply will be neutral, and the value will continue to increase (prices will decrease, consequently), as long as people continue to exchange in BTC.
This leads me to the last section.
What determines the PRICE of Bitcoin? The VALUE of Bitcoin at a particular moment.
What determines the VALUE of Bitcoin? The SUPPLY and DEMAND of Bitcoin in the economy.
What determines the SUPPLY of Bitcoin? Currently, the MoneySupply-Inflation rate of 25 BTC every 10 minutes, and traders willing to SELL Bitcoin to BUYERS in exchange for other supplies of money (currencies).
What determines the DEMAND of Bitcoin? Traders willing to BUY Bitcoin from SELLERS in exchange for other currencies.
Therefore: BUYERS, SELLERS, and MONEYSUPPLY-INFLATION (miners) determine the VALUE of Bitcoin, which determines the PRICE of BTC as BUYERS and SELLERS trade based on that VALUE (or supply and demand) of Bitcoin.
We don't exactly know the totality of the supply and demand. Sure, we could try and aggregate data from all the exchanges, but we will never be accurate as there are exchanges which can not be accounted for (OTC). The cool thing is that we DO know the MoneySupply rate, and we DO know the exchange rate. From this, we can determine a real value of Bitcoin when simply multiplying the two factors; a sort of inflation-adjusted view of the currency.
Effectively, the quantitative analysis of supply and demand is really what the currency exchange traders attempt to accurately determine which is conveyed through buying and selling of Bitcoin, setting a VALUE via the PRICED exchange rate of the currency. On a side note, most of the big Market Makers (FX Traders) use this price movement as a way to make a profitable living, as well. Especially when price fluctuations are a consequence of hype or fear (bubbles, cliffs), not factual supply/demand data, and are wildly out of the real price range.
Thus, if you analyze the proper macroeconomic data in an attempt to forecast future DEMAND for more Bitcoin (price increase), you will realize some very interesting things, and have a more accurate picture of where the price is going...
Happy trading!
Price-Inflation is the opposite. When prices of goods/services increase because the value of Bitcoin goes down.
We don't exactly know the totality of the supply and demand. Sure, we could try and aggregate data from all the exchanges, but we will never be accurate as there are exchanges which can not be accounted for (OTC). Effectively, the quantitative analysis of supply and demand is really what the currency exchange traders attempt to accurately determine which is conveyed through buying and selling of Bitcoin, setting a VALUE via the PRICED exchange rate of the currency.
very interesting when we hear that academics from Princeton University and academics from the University of Florida have concluded that China has the potential to threaten stability, internet infrastructure, security and bitcoin development.
in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.
Is there a solution to stop that potency ?
not only the economy CHINA also dominate in people population. They colonize ur country with economy system. Thats why economy wars happen because today CHINA is strong country. with their huge hashing power just to state that they are in control. Chinese are strict businessmen, and we all know that they have the means and power. i feel bad about this man.in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.
Is there a solution to stop that potency ?
If you really want to understand blockchain technology and invest in new projects, you definitely need to read the data security laws. I've seen so many Dapps that offer opportunities to free people, free data or create open markets. Cool, but the white paper doesn't say how to store these extremely private, sensitive data controlled by a highly developed set of international data security laws, does it? Data privacy on the blockchain is integrated with the underlying chain, or built in the top layer, which will create a huge market that is critical to expanding consumer-grade applications.
is that free for new user or month payments? where i can get that ?India is going to launch its own cryptocurrency.
A panel constituted by Indias finance ministry might soon recommend that the country launch a government-backed cryptocurrency.
We are evaluating the government-backed cryptocurrency and crypto-token, said a senior government official privy to the discussions of the panel. And we are looking to develop and encourage our own research and development of blockchain technology, the official added, referring to the digital infrastructure on which cryptocurrencies are based.
The finance ministry panel was set up in December 2017 under Subhash Chandra Garg, secretary, department of economic affairs, to suggest measures to regulate cryptocurrencies. The panel was supposed to submit its report by July, which was later pushed to the end of the year.
India people nowdays so hitech. many of them is IT. they human resource are promising in IT development. Now they want to be make a crypto economics with their own version, maybe they will be competed market BTC with other country motly like china.A panel constituted by Indias finance ministry might soon recommend that the country launch a government-backed cryptocurrency.
We are evaluating the government-backed cryptocurrency and crypto-token, said a senior government official privy to the discussions of the panel. And we are looking to develop and encourage our own research and development of blockchain technology, the official added, referring to the digital infrastructure on which cryptocurrencies are based.
The finance ministry panel was set up in December 2017 under Subhash Chandra Garg, secretary, department of economic affairs, to suggest measures to regulate cryptocurrencies. The panel was supposed to submit its report by July, which was later pushed to the end of the year.
As of this moment when I tried to look at the performance of bitcoin in the market I found out that almost every crypto is on green. Does this manifest the start of a bullrun for bitcoin's value? Will this greens remain strong in the coming weeks or until the end of the year? Share me your thoughts on this!
actually it can goes down (RED) anytime. sometimes we need see the bactrack chart based few weeks or few month track data statistic. every decission is precious or your money will gone hahayzzA serious subject! (Theft of portfolios)
Airdrop Scam.
These days there is a promotion of some of the erydrobates of the coins and some are victims of registration and pay the bill that the loss of his portfolio.
briefly :
When you register Airdrop and you are asked to enter your wallet or insert the private-key or click on the wallet link to make sure you complete your registration in the Airdrop, cancel your work and know that there is a theft of your data. Some scammers create a site similar to Myetherwallet. Or add to the main site of the portfolio and then click on the link in the Adurdop, which will take you to your wallet here steal your data, especially the pre-emptive portfolio
Notice :
Do not open your wallet except through the official website of the portfolio
https://myetherwallet.com
Beware of e-mails that have an invitation to register in a website or e-mail.
For example, airdrop Scam is the same way to steal data and also sends an e-mail (invitation to register) which is now widespread these days and many have fallen victim to it
https://www.eosgas.io/kyc/
Please pay attention and caution
good luck for everbody.
Original post by: https://bitcointalk.org/index.php?action=profile;u=1955384
topic: https://bitcointalk.org/index.php?topic=4754508.0
nah this is what we must be aware when we invest on internet system its so fragiille than u save in the bank or invest something who had phisiqal object. not all people can do hack but it serrious problem to learn internet security. and i agree with u when hackers steal ur data is the big problem.Airdrop Scam.
These days there is a promotion of some of the erydrobates of the coins and some are victims of registration and pay the bill that the loss of his portfolio.
briefly :
When you register Airdrop and you are asked to enter your wallet or insert the private-key or click on the wallet link to make sure you complete your registration in the Airdrop, cancel your work and know that there is a theft of your data. Some scammers create a site similar to Myetherwallet. Or add to the main site of the portfolio and then click on the link in the Adurdop, which will take you to your wallet here steal your data, especially the pre-emptive portfolio
Notice :
Do not open your wallet except through the official website of the portfolio
https://myetherwallet.com
Beware of e-mails that have an invitation to register in a website or e-mail.
For example, airdrop Scam is the same way to steal data and also sends an e-mail (invitation to register) which is now widespread these days and many have fallen victim to it
https://www.eosgas.io/kyc/
Please pay attention and caution
good luck for everbody.
Original post by: https://bitcointalk.org/index.php?action=profile;u=1955384
topic: https://bitcointalk.org/index.php?topic=4754508.0
Kindly enumerate all the target market of Bitcoin.
Many people now loves doing bitcoin because of the advantages of doing so but the fact is many of them are still not aware of what does the Bitcoin do and how does it work. And the list of knowledge about Bitcoin is too small.
Thats why I am asking now, who must be the Target Market of Bitcoin?
Thank you.
there are many question about target of market btc, even we dont know who is elite fullfill economics behind the btc. some people who new on this market btc mostly a victim and dont know what will they do in the next step. btc market is depend on internet and thats fragille of hacking activity. the secure is not protect ur wallet 100%. Many people now loves doing bitcoin because of the advantages of doing so but the fact is many of them are still not aware of what does the Bitcoin do and how does it work. And the list of knowledge about Bitcoin is too small.
Thats why I am asking now, who must be the Target Market of Bitcoin?
Thank you.
There is a massive change in the perception people have in bitcoin. I used to hear a lot of bad news about bitcoin in the middle of this year around June and July. People had fear during those times because of the constant fall in the price of bitcoin. People have now reached a state where they have realized that bitcoin has gone beyond collapse. The fake news by bitcoin antagonists have been identified by cryto lovers especially those have not known bitcoin for quite too long and the new members who wish to join the bitcoin train. This is as a result of the good education, advice and constant flow of information the crypto lovers and activist always give. Their efforts are yielding effect now. Many people have now realized the need to hodl their bitcoin and not to be dumping it. New members are doing a lot of research now.
I am saying this because I was one of those people who was afraid of the collapse of bitcoin. I got swayed away by those fake and baseless news about bitcoin until I got myself with some of the information being shared on this forum. I know a lot of people who at first wanted to sell their coins but have hold because of the education they got from this forum.
I have found an article written by @Technomage very useful and I recommend it to everyone.
My advice to crypto lover is that do not be swayed away by the fake news about bitcoin. Do a lot of research about bitcoin and you will see the relevance of it. I love to be educated. Let's all unite and safeguard our pride.
now is to dificult to rise a bitcoin, many people think is gonna be success but not every people know the basic of economy bitcoin market. the market is handle by the elite people to get more money from btc. it just few people can get btc with huge profit. sometimes they lies about it with short progres but the fact is not. I am saying this because I was one of those people who was afraid of the collapse of bitcoin. I got swayed away by those fake and baseless news about bitcoin until I got myself with some of the information being shared on this forum. I know a lot of people who at first wanted to sell their coins but have hold because of the education they got from this forum.
I have found an article written by @Technomage very useful and I recommend it to everyone.
My advice to crypto lover is that do not be swayed away by the fake news about bitcoin. Do a lot of research about bitcoin and you will see the relevance of it. I love to be educated. Let's all unite and safeguard our pride.
In recent days we have seen lots of news which are negative about bitcoins and how government and Banks are doing whatever they can to limit the exposure of Bitcoins to people.
Like recently the banks banned the bitcoins transactions in India and since there is no money or hand to hand transactions going on now people won't be able to buy and sell bitcoins using the money in their banks . Person to person transactions is something that requires us to paly with a dice of luck.
What you think Bitcoins can do to survive in this world right now ?
What can it do to gain favor of the government and banks ?
Could it be possible that banks see it as an ally contary to a threat ?
Aren't government already regulating Bitcoins and aren't they already making people pay taxes how much they demand ?
What you think Should be the next move of Bitcoins.
I think there should be a body to Target these kinds of issues and body which will stand up for bitcoins and other cryptocurrencies and present them in from of the judiciary, so that everything can be fair .
Right now governments are doing whatever they please.
bit coin had the own stage to involve in market economics. some other with money funds belive it will grow fast and bacame good pasive income.Some country have legal and ilegal this BTC. so how can this system survive ?? it depends on the market stage how the BTC will come to be in the future..Like recently the banks banned the bitcoins transactions in India and since there is no money or hand to hand transactions going on now people won't be able to buy and sell bitcoins using the money in their banks . Person to person transactions is something that requires us to paly with a dice of luck.
What you think Bitcoins can do to survive in this world right now ?
What can it do to gain favor of the government and banks ?
Could it be possible that banks see it as an ally contary to a threat ?
Aren't government already regulating Bitcoins and aren't they already making people pay taxes how much they demand ?
What you think Should be the next move of Bitcoins.
I think there should be a body to Target these kinds of issues and body which will stand up for bitcoins and other cryptocurrencies and present them in from of the judiciary, so that everything can be fair .
Right now governments are doing whatever they please.
Bitcoin Classic rolls out, and days later there is no word about it in the News Media.
Mike Hearn declares Bitcoin dead and within hours it is in the New York Times.....
http://www.nytimes.com/2016/01/17/business/dealbook/the-bitcoin-believer-who-gave-up.html
Mark my words: Bitcoin is getting ready to be in a fight for it's life.
On one side are the Blockstream/Core players. Liars, manipulators, shill, not afraid to destroy the fabric of Bitcoin with every bit of FUD they can dredge up - even if it kills bitcoin, but if they can't have total control, no one can.
On the other side you have Mike Hearn w/R3CEV/Hyperledger/Banks (AND Mainstream Media & Govt backing - don't forget that!)
We are at the start of a foot race to see who gets ready forst for the upcoming global financial meltdown.
It's pretty clear that Bitcoin Classic will prevail in the upcoming March Fork given the huge amount of support / concensus for it. But Blockstream seems to wat to make this a do or die fight, and they appear to be willing to destroy the good name of bitcoin if they don't get their way. The looming battle may be the perfect backdrop of confusion and chaos for a Fiat Coin to rise from the shadows, and with the help of Gov't & Media nods - be introduced to the masses.
Fasten your seatbelts kiddies.... this is going to be a wild ride. Right now I am betting 50% on Classic / 50% on Fiat Coin. Current 1mb Blockstream/Core Coin not even worth mentioning in my opinion. I see 0.001%.
many of people nowdays know how to get BTC and etc market. When it going familiar everybody has decide to make more coins. have it going inflasion?? but not all countries is legal this BTC. maybe is still exist but the price is priceless.Mike Hearn declares Bitcoin dead and within hours it is in the New York Times.....
http://www.nytimes.com/2016/01/17/business/dealbook/the-bitcoin-believer-who-gave-up.html
Mark my words: Bitcoin is getting ready to be in a fight for it's life.
On one side are the Blockstream/Core players. Liars, manipulators, shill, not afraid to destroy the fabric of Bitcoin with every bit of FUD they can dredge up - even if it kills bitcoin, but if they can't have total control, no one can.
On the other side you have Mike Hearn w/R3CEV/Hyperledger/Banks (AND Mainstream Media & Govt backing - don't forget that!)
We are at the start of a foot race to see who gets ready forst for the upcoming global financial meltdown.
It's pretty clear that Bitcoin Classic will prevail in the upcoming March Fork given the huge amount of support / concensus for it. But Blockstream seems to wat to make this a do or die fight, and they appear to be willing to destroy the good name of bitcoin if they don't get their way. The looming battle may be the perfect backdrop of confusion and chaos for a Fiat Coin to rise from the shadows, and with the help of Gov't & Media nods - be introduced to the masses.
Fasten your seatbelts kiddies.... this is going to be a wild ride. Right now I am betting 50% on Classic / 50% on Fiat Coin. Current 1mb Blockstream/Core Coin not even worth mentioning in my opinion. I see 0.001%.
Looking at the present state of the market, it could be very disheartening. But one thing is certain is that blockchain technology has come to change our society. And Crytocurrency which runs on the blockchain will continue to wax stronger and stronger, stay above fear. Life surely goes on with or without the enemies of crypto.
dont let the internet ruin's our life, it just too valuable. the thing is the world si large than we know, actualy we should go to the society for meet some people. I created a 6 minute youtube video to explain why I don't like bitcoin, but let me sum it up. I see the us dollar as a debt backed currency. Banks create money through loans, which are in turn backed by houses, cars, and people's incomes. Everybody seems to think the us dollar is a faith based, or something, but I don't see it that way. I see it as a fully backed currency, not too much different from being a gold backed currency. Where am I wrong?
https://www.youtube.com/watch?v=jujwQkhnoU8
i know it have a risk inventation some ur money for a bitcoins like buy high tech for mining and something place for mining like a company. because some peaople had lost the money and get dismiss the company. it more save for me to gold invest. well im agree with u dude.https://www.youtube.com/watch?v=jujwQkhnoU8
Remember, this whole thing about crypto is largely decentralized, thus, there is no single authoritative body in control of the crypto market. Although there are few centralized platforms among crypto, the market is largely influenced by the efforts and influence of the users of crypto. How well sellers and buyers treat the coins on the market affect the performance of the market.
Nowdays is actualy ruin my day when the Rich man became more rich cause they got everything to rule the economy. it was dramaticaly to posessed the turth behind environtment's. who knows in the future crypto will be? or u money bacome useless. and the sad thing is the people who trade BTC or etc dont know when they lost the money because the advertisment market.