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Showing 20 of 88 results by simaislam
Is there a way to determine the number of people who are actually using Bitcoin till date? Who would have access to such information? Meaning a way to find out, how many new people have used Bitcoin in 2016 , so that we can say exponential growth is natural not artificially created by hoarders.
I think there is no way to determine this. there is nothing that can determine the actual growth accurately but i bet you there is increasing growth of people because of rising price.I think before to invest in bitcoin, you need to know more about Bitcoin. In order to invest in bitcoine, the project has to be prepared according to the plan. Bitcoin should know the method, because all businesses have a risk. You need to know how cryptocurrency should know how it works. To know the differences in Bitcoin prices and know about the price monitoring.
I think,We should encourage people to understands things a little better. Part of the reason the traditional financial system is such a mess is because the average Joe Public doesn't know how it really works. Some people genuinely still believe banks lend out from existing deposits, for example. Almost everyone has heard of the phrase "fractional reserve", but I doubt more than 50% of people could explain it correctly. But anyone who really wants to understand Bitcoin will inevitably find their way here to these boards.
I don't think regulations would harm bitcoin in the long run given that people also need to find some sort of legal assurance if in case they decided to dive in the world of cryptocurrencies. Short-term, bears would make a fuss out of it to make it look like regulations spelt the doom for cryptocurrencies when in fact, it will actually do more good than harm. Long term, you'll see developments in services since consumer protection would probably be in place, helping consumers out if in case a 'hack' takes place. Price-wise, this isn't much of a concern unless regulations placed are unfair and don't help the consumers in any way.
Yea, i think selling bitcoin is a stupid decision because the dropping market is not suitable for selling bitcoin unless a financial emergency to the investor.The market predictions are telling that the year 2018 will be good for bitcoin.To the speculative market it is quiet common that such market corrections due to some other reasons it can go down till the next support point After such correction it will come up gradually till the investors required level or above. Such dropping time the investor must have patience to wait till the price reached to his projected target.
Bitcoin is the king of all currency. first of all bitcoin is the number 1 and in fact the only decentralized currency in the whole world. secondly these numbers are market capitalization so when you consider coins like ETH you should omit their premines from the market capitalization. for ETH 72.5% of its current supply is premined so its market cap drops by as much. the same goes for Ripple, all of it is released by a centralized authority and no one knows how much is really in circulation.
Thats a very subjective question. It all depends on what you want bitcoin to be.
Do you want it to be an easy way to send money to people without a nanny (bank) looking over your shoulder, analyzing everything you do and sending a report to the government about your actions? Would you like to be able to send money around the world without paying an oppressive dictatorship (bank) for the privilege of doing it? Then dont change anything because bitcoin already does that.
Are you more interested in atomic swaps between cryptocurrencies? Then you need to support Lightning network development.
Do you primarily want bitcoin to be a vehicle for enhanced features like decentralized crowdfunding and distributed exchanges? Then you need to support projects like Omni Layer.
Do you have one specific requirement for your cryptocurrency like buying illegal drugs, guns, supporting terrorists, secretly paying prostitutes? Then you need to drop bitcoin and support altcoins like Monero.
Are you in love with your bank, your government and hate decentralization? Would you really like to modernize the banking system and help them speed up the oversight of your pathetic little life? Then you need to support Ripple.
Bitcoin can work for its originally intended purpose right now without any improvements.
When I first came to this forum there were no altcoins. I believe every time another altcoin is born it dilutes bitcoins user base slightly. You are asking me to give you something for free. You're not paying so you cant modify the rules. Maybe someone in the altcoin section will do the same thing someday. If you borrow my car for free instead of renting it you cant bitch because I wont let you smoke cigarettes in it.Do you want it to be an easy way to send money to people without a nanny (bank) looking over your shoulder, analyzing everything you do and sending a report to the government about your actions? Would you like to be able to send money around the world without paying an oppressive dictatorship (bank) for the privilege of doing it? Then dont change anything because bitcoin already does that.
Are you more interested in atomic swaps between cryptocurrencies? Then you need to support Lightning network development.
Do you primarily want bitcoin to be a vehicle for enhanced features like decentralized crowdfunding and distributed exchanges? Then you need to support projects like Omni Layer.
Do you have one specific requirement for your cryptocurrency like buying illegal drugs, guns, supporting terrorists, secretly paying prostitutes? Then you need to drop bitcoin and support altcoins like Monero.
Are you in love with your bank, your government and hate decentralization? Would you really like to modernize the banking system and help them speed up the oversight of your pathetic little life? Then you need to support Ripple.
Bitcoin can work for its originally intended purpose right now without any improvements.
I think,crypto will not be able to replace the national currency, because the national currency is still to be used, as a system of exchanges for each country, therefore we can assess how strong the economy is in the country .. for all the scoring, every country has a crypto currency that is oriented to bitcoin.
personally, i don't think this will lead to the death of crypto-currencies. but indeed it is worrying.it's also quite logical because many governments are aware that bitcoin (and other crypto) can be a threat to the centralized control banks currently have. Here, the list you are giving simply shows that now they are aware they must act. Internet and technical tools are evolving faster than most regulations. So they are lagging behind, they understand it may be a problem, so they try to react.
Eventually, if transactions from fiat currency to bitcoin (and other crypto) are simply banned... Well indeed, it will become quite hard to use it. However, quite luckily this will take time. So, it's up to us to anticipate this and react consequently.
Eventually, if transactions from fiat currency to bitcoin (and other crypto) are simply banned... Well indeed, it will become quite hard to use it. However, quite luckily this will take time. So, it's up to us to anticipate this and react consequently.
At present, The price of bitcoin is low. Almost all of us know that it's the right time to buy Bitcoin. This price drop can be a frightening specter for some people, but for people who are not afraid of risk and have known Bitcoin for a long time, they will see this as an opportunity to get as much profit as possible. Do not wait to buy and collect Bitcoin as much as possible, because we do not know what will happen in the future in the near future or in the long term. It's possible that Bitcoin's price will decrease to lower, and Bitcoin's price will probably increase soon. So, you should make the most of this opportunity.
I'm still a college student. I save my bitcoins for my future because I believe in bitcoin's potential. The plans I have for my bitcoin is I will convert it to our country's currency and will use it to buy things that would give me passive income like buying lot that would be expensive in the future. I will also use the converted money to invest in companies that has been established long enough and companies that I am sure of that will not be bankrupted soon. I want to earn passively so that I will have time for myself, my family, and loved ones.
COUNTRIES THAT BANNED BITCOIN
Before we start to our topic this I want to tell that some of you might know about this but I just wanna share this to those who are not.
Several people believe that bitcoin was a blessing and it was an opportunity
for everyone but not everyone shares the sentiment. From central banks and other finance company, Bitcoin's list of detractors runs for a very long time and gone so deep.But most of the government around the world seeks for the regulation of bitcoin.
Be due to fear,ignorance and protectionism, governments have a tendency to legislate against perceived threats.Countries such as japan protects its citizens to have free trade of the digital currency.But unfortunately not all countries embracing the change of our technology.In some cases citizens have had their assets seized,accounts got frozen and have been locked up, Government can't stop the blockchain from propagating, but they can stop their people in having access to it.
STOP THE BITCOIN!!
Like banning drugs,alcohol and other stuffs banning bitcoin sounds nonsensical and unforceable.That's the exact case in five countries:
1.Bangladesh
2.Bolivia
3.Ecuador
4.Kyrgyzstan
5.Nepal
It was recently reported in https://news.bitcoin.com/bitcoin-illegal-in-nepal-police-arrest-seven-individuals-for-trading-operations/
that there were dozens of bitcoin and crypto enthusiasts get imprison seemingly guilty of little more than operating a small-scale bitcoin exchange.
Meanwhile Ecuador has outlawed bitcoin, nit because they opposed this crypto but because they want to regulate and control it and tether it with the Ecuadorian dollar.An Electronic money designed to operate ad support monetary scheme dollarization.Completing the naughty list of countries that have banned bitcoin is Kyrgyzstan, a tiny landlocked state in Central Asia,
And Bangladesh banned bitcoin, it was 2014 where Bangladesh bank stated that anyone that will be caught using such online currency could be jailed mostly because it's about "MONEY LAUNDERING".
this was already an old news for updated list
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
so what do you think? will your country will ban the use of bitcoin?
do you know other countries that ban the bitcoins?
Please share it and tell to everyone
The foolishness of some people is the peak of intelligence of some other people and exactly what bitcoin is all about and the inconsistencies and uncertainties that surrounds price at this time. In moments like this, I expect divergent opinions where people will be experts in issues where in the past couple of years, they had no idea about.
Undoubtedly, it is a good news for us. The more companies that are competing to provide software/hardware the cheaper the prices will get from the competition. The other benefit is that once these large corporations start to benefit from the crypto industry, either directly through investment or indirectly through selling hardware/software, they will start to use their lobbying force to push back government attempts to hurt the crypto community. Once they start realizing how much their bottom line is affected by people buying their products to mine, they will become more protective and use their political influence to curtail anti-crypto legislation.
Bitcoin has gained such a high value due to its high demand and its demand has increased high as people found it to be worth the investment as its supply is limited and it being totally out of the reach of the hands of government.Also people found it that it could not be hacked by anyone unless we reveal the private keys of the wallet in which it is stored.
People are already fed up with government's currencies which are subject to deflation and also as bitcoin earrings could not be taxed directly, most people found it as a safe haven unwilling to pay the huge percentage of taxes.
Also payments could be sent to anyone at low transaction fees and so when people found a bunch of useful factors in a single currency, they just didn't want to miss it.
You are absolutely right & i agree with your opinion. People are already fed up with government's currencies which are subject to deflation and also as bitcoin earrings could not be taxed directly, most people found it as a safe haven unwilling to pay the huge percentage of taxes.
Also payments could be sent to anyone at low transaction fees and so when people found a bunch of useful factors in a single currency, they just didn't want to miss it.
I think,bitcoin will not die soon.cryptocurrency is still alive & keep going. Bitcoin is a revolutionary innovation and it would be far early to predict anything about its existence! Yes, things won't remain positive all the time but that's what keep happening during the development phase and at this point Bitcoin is used by less than 10% of the world's population and hence there is a tremendous scope for the growth. There will be many situations like the current one so I don't think that there is anything to worry.
I think, people are still buying bitcoin bbecause they believe it.They can only follow the recent trend in which bitcoin is gaining in popularity. People believe that bitcoin will give them a big advantage over time. If this reason makes people buy bitcoin then people need to be vigilant because it's a speculative one. No one guarantees how much profit from bitcoin. But if someone buys bitcoin by first doing an analysis of the market price then I believe that it will most likely be profitable. Someone who has analyzed the market price must have prepared a strategy to play with other bitcoin players. This is an intelligence.
Cryptocurrencies are volatile and decentralized and i think that the government will never allow something uncontrollable to get into their economy and never being used as the main currency. There will be a cashless society but it will be not with cryptocurrencies. But if this will happen, the closest and most possible coin that will be use if possible bitcoin is the most preferred.But I don't think this will happen in the future, they might implement some cryptocurrency that is centralized so they can control it, the supply, the price and it's marketplace.
I think, both of investment are equally much more risky . On bitcoin, we can control full of our bitcoin. The risk, there is no insurance against bitcoin and there is no official central institution that regulates the circulation of bitcoin. If investing in a bank then there is a central bank that governs our money so we do not have the freedom to control our money. Besides that, there are many institution that offer insurance if happen unwanted things to our money. It's a bit of a picture of me so you alone can choose the best for you.
Nobody can predicted about the future of bitcoin. bitcoin is the parents of all cryptocurrency. bitcoin will rule for long time in the world of cryptocurrency market is certain. Bitcoin is a digital currency formed on the Blockchain platform, featuring more distinctive features than cash. The Cryptocurrency market is a trend of the future. And Bitcoin will play an important role in that trend. The use and study of Bitcoin is a prelude to a new form of trading in the future.