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Showing 20 of 32 results by rashmishetty344
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Board Bitcoin Discussion
Re: What impresses you the most about Bitcoin?
by
rashmishetty344
on 04/12/2017, 15:43:59 UTC
Everyone may have different opinions about why they like and embrace bitcoin. Bitcoin is profitable. There are lots of ways to earn from Bitcoin, a user may invest, trade and do mining to earn. Lots of people are earning huge profit from Bitcoin. Being decentralized is a plus point. It allows its users to use Bitcoin as they like.
Post
Topic
Board Speculation
Re: Is it too late to buy bitcoin?
by
rashmishetty344
on 04/12/2017, 15:18:52 UTC
There is no best time for buying or investing in bitcoin because it is very profitable. Bitcoin is the future digital currency. You can earn more money by investing and hold them in very long time. Maybe bitcoin is getting higher in price, no, undeniably bitcoin has skyrocketed and it may affect one's decision making especially those who are buying for the first time. It is also a good opportunity to buy since bitcoin is getting higher and trading will be easy.

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Topic
Board Off-topic
Re: Bitcoin is a good investment now, because...
by
rashmishetty344
on 04/12/2017, 13:59:57 UTC
Bitcoin is a good investment now, because the price of bitcoin has been more stable than ever before which has increased trust in the currency. In the last 1-5 years bitcoin has shown unprecedented stability as a financial instrument. 
Post
Topic
Board Economics
Re: Bitcoin is an asset or currency.
by
rashmishetty344
on 04/12/2017, 13:39:47 UTC
Bitcoin is more of an asset than an currency. This is because initially when bitcoin was introduced the many people collected bitcoin maybe as a hobby or maybe for trading as the prices were very low. Some may have also keep those coins as an asset with the hope of increase in price and definitely may have profited today. So bitcoin is definitely an asset.
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Topic
Board Bitcoin Discussion
Re: BITCOIN: Threat to our Current Currency
by
rashmishetty344
on 04/12/2017, 12:37:37 UTC
I don't think that may be a threat to the current physical currency as bitcoin is a digital currency and both a two different things. It might take atleast few more years for bitcoin to be recognized as an official currency as in many countries trading or even owning bitcoin is illegal. Bitcoin is the future of digital payment system where people may be able to purchase stuff online by using bitcoins.
Post
Topic
Board Trading Discussion
Re: How to trade Bitcoin anonymously?
by
rashmishetty344
on 30/10/2017, 18:10:15 UTC
Hello community,
I have earned some Bitcoin in the past by selling some services and products. Currently I keep all my coins on Electrum Wallet.
However I would love to trade them, but I want to keep my anonymity. Basically I want to have them on some trade exchangers just for sell/buy when price goes up and down.

Any advice would be appreciated.
Also Any website I can use to trade anonymously.

Thank you very much!!!

Another way to buy Bitcoins anonymously with cash is to go to your nearest Bitcoin ATM and buy Bitcoins from the ATM using cash. Buying Bitcoins via an ATM is probably the best way to go about buying Bitcoins anonymously.
Post
Topic
Board Trading Discussion
Re: How to trade Bitcoin anonymously?
by
rashmishetty344
on 30/10/2017, 17:37:07 UTC
Hello community,
I have earned some Bitcoin in the past by selling some services and products. Currently I keep all my coins on Electrum Wallet.
However I would love to trade them, but I want to keep my anonymity. Basically I want to have them on some trade exchangers just for sell/buy when price goes up and down.

Any advice would be appreciated.
Also Any website I can use to trade anonymously.

Thank you very much!!!

If you’re looking to buy Bitcoins anonymously then the easiest way would be to buy Bitcoins in cash and in person. Use Local Bitcoins to find someone who is willing to sell Bitcoins for cash next to your physical location. You can use an alias email address to sign up to Local Bitcoins and the verification id process they have is optional.
Post
Topic
Board Speculation
Re: Why bitcoin so expensive?
by
rashmishetty344
on 30/10/2017, 17:22:21 UTC
Bitcoin is so expensive if it will be converted to my country's currency it will cost hundred of thousands.
Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.

Since Bitcoin is decentralized and not governed by any one country, it’s not susceptible to major changes in valuation should a country do something that could make their money less valuable. Many people are using the cryptocurrency to keep their money safe from devaluation, or even to use it as they would paper money.
Post
Topic
Board Speculation
Re: Why bitcoin so expensive?
by
rashmishetty344
on 30/10/2017, 17:06:55 UTC
Bitcoin is so expensive if it will be converted to my country's currency it will cost hundred of thousands.
Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.

Bitcoin isn’t the only cryptocurrency around. New rules governing Litecoin make it faster and easier to exchange. Ethereum, another popular cryptocurrency, recently split into two different currencies, raising its profile and lowering its price of entry. As Bitcoin grew in popularity, so did all cryptocurrencies, which are cheaper than 1 BTC.
Post
Topic
Board Speculation
Re: Why bitcoin so expensive?
by
rashmishetty344
on 30/10/2017, 17:00:21 UTC
Bitcoin is so expensive if it will be converted to my country's currency it will cost hundred of thousands.
Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.

Thanks to apps and exchanges like Coinbase, cryptocurrencies are easier to buy now than ever before. These services also increase the profile of cryptocurrencies as viable, tradable assets.
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Topic
Board Bitcoin Discussion
Re: The advantages of bitcoin
by
rashmishetty344
on 30/10/2017, 16:28:05 UTC
For me, Bitcoin has many advantages, one advantage is it gives to the individual money to sustain the basic needs, It also reduce the increasing number of unemployed in some countries, The people who work in bitcoin develops the ability to reason out, enhanced the English proficiency, that's the some advantage of bitcoin.

Bitcoins cannot be stolen, Bitcoins’ ownership address can only be changed by the owner. No one can steal Bitcoins unless they have physical access to a user’s computer, and they send the bitcoins to their account.
Post
Topic
Board Bitcoin Discussion
Re: The advantages of bitcoin
by
rashmishetty344
on 30/10/2017, 16:17:04 UTC
For me, Bitcoin has many advantages, one advantage is it gives to the individual money to sustain the basic needs, It also reduce the increasing number of unemployed in some countries, The people who work in bitcoin develops the ability to reason out, enhanced the English proficiency, that's the some advantage of bitcoin.


No Risk of “Charge-backs”
Once Bitcoins are sent, the transaction cannot be reversed. Since the ownership address of Bitcoins will be changed to the new owner, once it is changed, it is impossible to revert. Since only the new owner has the associated private key, only he/she can change ownership of the coins. This ensures that there is no risk involved when receiving Bitcoins.
Post
Topic
Board Bitcoin Discussion
Re: The advantages of bitcoin
by
rashmishetty344
on 30/10/2017, 16:10:50 UTC
For me, Bitcoin has many advantages, one advantage is it gives to the individual money to sustain the basic needs, It also reduce the increasing number of unemployed in some countries, The people who work in bitcoin develops the ability to reason out, enhanced the English proficiency, that's the some advantage of bitcoin.

There are no transaction costs!!
Post
Topic
Board Bitcoin Discussion
Re: The advantages of bitcoin
by
rashmishetty344
on 30/10/2017, 16:04:11 UTC
For me, Bitcoin has many advantages, one advantage is it gives to the individual money to sustain the basic needs, It also reduce the increasing number of unemployed in some countries, The people who work in bitcoin develops the ability to reason out, enhanced the English proficiency, that's the some advantage of bitcoin.

Unless users publicize their wallet addresses publicly, no one can trace transactions back to them. No one, other than the wallet owners, will know how many Bitcoins they have
Post
Topic
Board Bitcoin Discussion
Re: The advantages of bitcoin
by
rashmishetty344
on 30/10/2017, 12:41:23 UTC
For me, Bitcoin has many advantages, one advantage is it gives to the individual money to sustain the basic needs, It also reduce the increasing number of unemployed in some countries, The people who work in bitcoin develops the ability to reason out, enhanced the English proficiency, that's the some advantage of bitcoin.


No Taxes!

There is no way for a third party to intercept transactions of Bitcoins, and therefore there is no viable way to implement a Bitcoin taxation system.
Post
Topic
Board Bitcoin Discussion
Re: The advantages of bitcoin
by
rashmishetty344
on 30/10/2017, 12:34:35 UTC
For me, Bitcoin has many advantages, one advantage is it gives to the individual money to sustain the basic needs, It also reduce the increasing number of unemployed in some countries, The people who work in bitcoin develops the ability to reason out, enhanced the English proficiency, that's the some advantage of bitcoin.

Since there are multiple redundant copies of the transactions database, no one can seize bitcoins.
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Topic
Board Bitcoin Discussion
Re: What is the best way to store your bitcoins?
by
rashmishetty344
on 29/10/2017, 16:10:42 UTC
Storing your BTC on an exchange is the common way most traders save their coins. But is it the best method? Cold storage to me look expensive, since it is costive to purchase hardware.

If you have more bitcoins and want to keep it ultrasafe then go for Hardware wallets like TREZOR . or the cheapest Ledger Wallet.
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Topic
Board Bitcoin Discussion
Re: What is the best way to store your bitcoins?
by
rashmishetty344
on 29/10/2017, 15:47:33 UTC
Storing your BTC on an exchange is the common way most traders save their coins. But is it the best method? Cold storage to me look expensive, since it is costive to purchase hardware.

You can keep your bitcoins on Windows / Android based software such as Copay, Mycelium Wallet etc.
Post
Topic
Board Bitcoin Discussion
Re: What is the best way to store your bitcoins?
by
rashmishetty344
on 29/10/2017, 15:39:35 UTC
Storing your BTC on an exchange is the common way most traders save their coins. But is it the best method? Cold storage to me look expensive, since it is costive to purchase hardware.

If your amount is small and you are interested in Trading keep it in premium Hot Wallets (Online Wallets) like Coinbase , Blockchain , Xapo
Post
Topic
Board Bitcoin Discussion
Re: What is the best way to store your bitcoins?
by
rashmishetty344
on 29/10/2017, 15:29:55 UTC
Storing your BTC on an exchange is the common way most traders save their coins. But is it the best method? Cold storage to me look expensive, since it is costive to purchase hardware.

Avoid keeping bitcoins in exchanges as they are more prone to cyber attack, put them in wallets.Different exchanges/wallets are CEX.IO , Coinbase , Coinmama , Whaleclub , Lake BTC , Bitit , VirWox , HitBTC, Changelly.