Kakashi2020
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Everything posted by Kakashi2020
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Which Country do you think would be the first to regulate the use of Bitcoin and other Cryptocurrencies?
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Would Bitcoin and other Cryptocurrencies be accepted and regulated by the Central Bank in the future?
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The Price of Bitcoin is going down not up, considering forecasts and predictions that it would go up before Christmas due to increased spending but then why is the opposite happening?
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It's another 10 point slide for Bitcoin today. It's price is at $3290. Is it due to the cycle of profit taking and bargain hinting? When will it's value become stable?
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They call the smallest unit or bit "Satoshis" in acknowledgement to it's supposed founder Satoshi Nakamoto who turns out to be not true. As of today, noone knows who invented the Block Chain Technology. Also it's called BITcoin so it's composed of Bits.
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Cryptocurrencies are stored in a wallet. But what happens if you lost your wallet? Is there a way of getting your money back?
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It is said that unlike banks in which there are breaks in service and waiting periods, Block Chain Technology runs 24/7, 7 days a week, 365 days a year without rest and without any waiting period. Is Block Chain Technology really more efficient than Banks?
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What makes Decentralized Currency attractive and captivating to investors and common people alike?
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An interesting thing about Bitcoin is that it's the very first cryptocurrency and it doesn't have a creator. It's credited to Satoshi Nakamoto hence the smallest unit of Bitcoin is named Satoshis after him but in reality there is a man named Satoshi Nakamoto but he has no real connections with bitcoin nor is he claiming to be it's creator. So it remains an unsolved mystery.
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What do you think are the best Cryptocurrencies to invest in and why are they good to invest in?
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Are there any low cost mutual fund or affordable investment vehicle for Bitcoins which doesn't charge too much since hedgefunds are getting 20 percent of the profit plus fees and other charges.
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There are 1 million bits to a Bitcoin and with its current price of $3819 per coin divided by 1million then we'll get $0.0038 per bit.
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It has come to my attention that Nigeria has recently banned all Bitcoin and Cryptocurrency transactions. What are your thoughts on this?
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Do Bitcoin owners pay taxes? If so, how much taxes are paid for buying and selling Bitcoins? Is this standard to all countries?
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I just read an article saying that arrests of persons exchanging Bitcoins for Fiat are on the rise. There are already several persons jailed for selling or exchanging bitcoins. Here's the link... https://bitcoinist.com/convictions-jail-time-on-the-rise-in-the-u-s-for-selling-bitcoin/
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Coins.ph is the first licensed cryptocurrency exchange platform and mobile wallet in the Philippines. Do you think it's reliable? Do you have issues with it?
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Wallets are where you store your Bitcoins and other Cryptocurrencies. It helps you send, receive and store your Bitcoins. The question is, is it really safe?
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There are different kinds of wallets like Coinbase, Robinhood, Blockchain, Tresor, Mycelium and others. Which one are you using?
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Some investors would sell between -5 to -10 while some would ride it out. I'm one of the latter ones who opted to ride it out.
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This is one of the most popular questions regarding Bitcoin. I for one didn't invest in it earlier because of lack of knowledge on how to invest in it. Bitcoin investments are not being supported in our country in the early days.
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The first time I heard about Bitcoin was in 2009 when it hit the news that an online currency was launched. I was quite interested but I didn't know how to acquire one.
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To me the most attractive thing about Bitcoin is that it's the first cryptocurrency in the world. Historically all firsts are good investments.
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I do think that they would be accepting withdrawals soon but with a more lower rate to lessen risks. I remember that in the height of the Bitcoin craze last year some banks here were exchanging Bitcoin for almost half of it's value.
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Do you have any regrets investing in Bitcoin?
Kakashi2020 replied to Kakashi2020's topic in Pure Trading
I do have one regret and it's not investing years ago when Bitcoin was new. I mean I could have made millions if only I mined some years ago. -
Do you have any regrets investing in Bitcoin?
Kakashi2020 replied to Kakashi2020's topic in Pure Trading
The best way to earn is to buy coins which are newly launched or those which haven't launched yet. Such coins are very cheap and affordable. You can't really lose investing in it.
