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Messages - bdamenaakter

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61
Bitcoin Forum / Re: What does Bitcoin protects people from ?
« on: November 15, 2018, 11:53:49 AM »
Bitcoin can protect us by using bitcoin wallet and we can also deposit are money if you cannot trust the bank or atm's account you have a second choice to choose the bitcoin wallet it can help to not to robbing if you walk in the street or walking in street in the night and it's easy and safe to use it's look like a bank account you have a pin to log in in your bitcoin account.

62
Cryptocurrency discussions / Re: Where do I sell my altcoins?
« on: November 15, 2018, 11:51:17 AM »
There are dozens of market exchanges that we can choose for buying and selling altcoins, but I recommend choosing exchanges that have good reputations such as binance, kucoin, livecoin, hitbtc and so on.

63
Neither Bitcoin nor altcoins are safe, at least when compared to the other forms of investment. They are extremely risky assets to make investment, and you should be ready for a scenario where your entire capital can vanish. And regarding profitability, I'd go with BTC. Because a lot of altcoins are being created by fraudsters these days.

64
Bitcoin Forum / Re: will be Bitcoin centralized ?
« on: November 14, 2018, 10:35:28 AM »
Never! Bitcoin is based on the technology called Blockchain which relies on the principle of decentralization so in any case, Bitcoin won't be centralized as it will kill the core purpose of it. There is a theoretical possibility of 51% attack but again, it will need high amount of resources and money to attempt such attack and Bitcoin will fall to 0 soon after such attack so it would be like a suicide for anyone along with the network so practically it is not possible.

65
Bitcoin won't last forever there's no such thing as forever. Every crypto will have it's end but we don't know when. One assurance is Bitcoin's security. Our technology is not powerful enough to brute force in to someone's key and steal their coins. Attacking the Bitcoin network would be costly for anyone just to have the power of double spending in a day or two.

66
Bitcoin Forum / Re: Why is bitcoin stability important?
« on: November 11, 2018, 10:04:55 AM »
When bitcoin is volatile, the only people who want to hold it are investors and traders and everyone else wants to dump it like a hot potato. When bitcoin is stable, it is more attractive to use as a savings account, unit of account, or for a merchant to actually accept it, rather than immediately dumping for cash. Stability increases hoarding and business use. Ironically this will then eventually make the value go up, removing the stability and starting the cycle all over again - until bitcoin does enough jagged lines to reach its final price discovery.

67
Bitcoin Forum / Re: Why Bitcoin will be the safest investment
« on: November 10, 2018, 10:25:07 AM »
Most people invested in bitcoin but didn't conduct any research they think bitcoin as an easy way to make profit but the true purpose of bitcoin is to become a decentralized payment that would rival and challenge the current fiat system and possibly surpass it overtime with if's innovative technology. It will become the new form of payment.

68
Bitcoin Forum / Re: Is Bitcoin in a Bubble ?
« on: November 10, 2018, 10:22:15 AM »
If you look everything by this way, you can realize that almost everything is on a bubble, not only bitcoin and cryptocurrencies, a lot of financial systems like a lot of banks, governments, and a lot of bussiness are in a bubble situation, maybe we are on a bubble, yes, but this is nothing to care about at this moment. Just enjoy it and take as much profit as you can, maybe this is one of the last opportunities that you are going to have to make such that profit in less time than other investments.

69
Legality & Taxation of Cryptos / Re: Can the government destroy bitcoin?
« on: November 09, 2018, 02:42:04 PM »
Governments can ban cryptocurrencies, because they're being pushed by financial institutions who are afraid bitcoin might take over. But the authorities realize the value of crypto and blockchain, so they may be not that keen on eliminating this new technology. They will regulate and tax cryptocurrencies, but they will not deliberately destroy bitcoin.

70
Cryptocurrency discussions / Re: Why many banks hate cryptocurrency ?
« on: November 09, 2018, 02:39:27 PM »
"Banks" do not have enough or no incentive "to link themselves with bitcoins and crypto currencies because of fears of being involved in related illegal activities," said Executive Director of Credit Suisse. Chief Financial Officer of ING also voiced fears about the crypto currency, saying that although digital assets are an effective medium of exchange, the bank does not recommend clients to invest in them. While TD Bank is actually trying to block the purchase of bitcoin.

71
Cardano Forum / Re: Cardano will replace ETH!
« on: November 08, 2018, 11:58:24 AM »
Over the last few years, there were so many ETH-killers that even hard to count. And what can we see now? ETH is still here, and no one knows where these ETH-killers are gone. And taking into account the current market condition, only strong coins will survive.
I must pay tribute to Cardano project. It is a promising one and there is no dispute that it has excellent technology. Nevertheless, I don't think Cardano will replace ETH, at least in the nearest future.

72
Cryptocurrency discussions / Re: Will it be the year for Ripple?
« on: November 08, 2018, 11:55:21 AM »
Ripple gives enough to know this. of course, this does not escape from a large number of companies which cooperated with the ripple until today. This will make the ripple will continue to increase in some time in the future and get to invest at this time I think it is quite profitable.

73
Blockchain Technology / Re: What is the future of the Blockchain?
« on: November 07, 2018, 01:59:24 PM »
Blockchain technology will be an innovation and development in any fields in the next 8-10 years. There are numerous examples on Blockchain’s use in different business domains including healthcare, banking, financial institutions, legal, manufacturing and so on, which speaks volumes on the future of Blockchain technology. Blockchain owes its name to the way it stores transaction data – in blocks which are linked together through chain. All the blocks in Blockchain have their unique hash for identification, are of limited size, and linked together by pointing to their previous block. I think most people later will consider Blockchain as a technology that offers transparency and temper-proof data.

74
Cryptocurrency discussions / Re: Investing on altcoins...
« on: November 07, 2018, 01:56:38 PM »
Investing in altcoins can bring you very high interest rates, because we all understand that it is through investing altcoins that people can earn something, since the capitalization of many altcoins is not as bloated as for example at BTC

75
Bitcoin Forum / Re: Why do altcoins follow bitcoin?
« on: November 06, 2018, 09:29:40 AM »
Because bitcoin prices are so important from altcoin price movements, when bitcoin prices rise then altcoin prices will also rise when bitcoin prices go down then altcoin will also fall, altcoin will not dare to try to raise altcoin prices when bitcoin drops in price.

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