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Showing 6 of 6 results by papt29
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Topic
Board Bitcoin Discussion
Re: Bitcoin Outclasses Other Cryptocurrencies as an Investment Option, Here’s Why
by
papt29
on 23/12/2019, 03:38:39 UTC
Bitcoin has several advantages, some of them are as follows:

It was the first cryptocurrency and the project that brought the novelty of blockchain technology, that is always an advantage, because mentally people are inclined towards the known brand.

The mining system and its difficulty have raised the cost of production of each BTC, this is a factor that affects the price increase.

Bitcoin is the most used and accepted cryptocurrency and people have greater facilities to convert FIAT money.

Since there are big businessmen and a high volume of people using Bitcoin, then there is a lot of speculation and this becomes an attraction.

In short I think that the Altcoins have lacked a truly aggressive strategy that I bet on practical use, in doing so, you can make a big difference.
Post
Topic
Board Exchanges
Re: Withdraw Large Amount in Coinbase
by
papt29
on 23/12/2019, 02:43:02 UTC
If the account is verified and the legislation of the country allows it, there should be no problem, in coinbase they handle very large figures and can be withdrawn without problems when everything is in order.
Post
Topic
Board Bitcoin Discussion
Re: What is the fate of Scammers if bitcoin later becomes a traceable Currency.
by
papt29
on 23/12/2019, 02:13:23 UTC
The truth is that Bitcoin is a trackable cryptocurrency and its blockchain can be analyzed, however, what some scammers do in which little by little they are finding ways to filter accounts and disperse the illicit and thus even somehow lose traces, but Computer experts are able to detect all these movements, I think you will always be exposed to hackers, it is best to take good care of private passwords and not manage large funds in the Exchanges, because they are the most vulnerable.
Post
Topic
Board Bitcoin Discussion
Re: What’s your expectation on 2020 Halving year?!
by
papt29
on 22/12/2019, 00:15:22 UTC
The expectations are quite positive, because despite the ups and downs that have occurred in this year 2019, cryptocurrencies have been expanding and it is expected that by 2020 growth will be accelerated for both Bitcoin and other new projects, the amount of Cryptocurrencies have grown incredibly and those projects are looking for a position in the market, many will get it in the year 2020.
Post
Topic
Board Bitcoin Discussion
Re: Mark Cuban hating on bitcoin... Watch this guy's response lol
by
papt29
on 19/12/2019, 16:56:18 UTC
The truth is that the negative opinions about Bitcoin and the cryptocurrencies used by Cuban are not convincing, in fact Bitcoin does have intrinsic value and the millions of people are using it.

It is clear that cryptocurrencies have some disadvantages and one of the biggest challenges is scalability, it is desired that projects can process millions of transactions in minutes always efficiently and is a problem for most cryptocurrencies.
Post
Topic
Board Bitcoin Discussion
Re: Are American tax laws holding Bitcoin back?
by
papt29
on 19/12/2019, 15:41:29 UTC
I believe that taxes can affect Bitcoin to some extent, however, we must be clear that most of Bitcoin and cryptocurrency transactions are related to trading and not so much in the purchase of goods and services. I share the opinion of
avikz in the sense that it is better to have a rigorous legal framework than to have none.