It is freedom
As there is no limit or conditions to use like other online payment systems
Correct but defining bitcoin in one word is very difficult as it as many advantages associated with it I would say Freedom Decentralised Fast Cheap Attractive  |
|
|
|
Well it's the oldest. It's most trusted. It has biggest user base and it's network effect is huge. It has most money invested into it so this gives it a trust as well. It's basically very proven.
Daddy is Daddy, ofcourse bitcoin is more popular and have maximum market cap and that is the reason people use bitcoins more as compared to any other digital currency and I believe bitcoin is user friendly and that is the reason why people are more attracted towards it. |
|
|
|
it may be impossiblebut maybe you can get it with gambling  I'm wondering why do so many people here think that I was asking about how to earn at least 1 BTC per hour when the subject is "Is there a way to earn at least $1 in BTC per hour?" Thanks for your answer though. ) Exactly, earning $1 in BTC is not a big deal, you can just join a signature campaign that is giving higher payouts and you can easily earn $1 per hour and I guess if you have high rank accounts than you can make more than $1 in BTC per hour. |
|
|
|
I wish i've to pay for my daily transport and pay my college fee with bitcoin.
Yeah that sounds great and also I wish that I could buy my daily stuffs by using bitcoins and also pay the electricity bills and all that daily stuff that we do by spending fiat, and I wish that I can buy a bottle of wine by using bitcoins  |
|
|
|
what i like the most in bitcoin is 21 million coin limit and decentralisation also. If there would never had 21 million coin limit then the bitcoin price would also have been the same as like dogecoin.
Yes and decentralisation is the best part in bitcoins and also it is very fast and cheap, so those factors of bitcoins are the best and has given us the liberty to spend it when and where required as we don't have to be dependent on credit card now. |
|
|
|
|
I haven't used any cryptocurrency apart from bitcoins yet, as I don't think that other crypto's would be as good as bitcoins. And bitcoins is taking care of everything that I need so I don't feel to switch to any other crypto currency at present.
|
|
|
|
gold is good as an investment
Gold is worth more than the dollar itself, and this is another reasons why it is a better investment. Over the duration of time that you own your gold, it is going to steadily grow and retain its value.
Gold is a classic investment, a lot of people who have not experienced crypto (parents, grandparents) always compliment gold and wish to invest in gold but I would argue about the potential of gold comparatively to bitcoin. There was a reason why gold is no more used in the exchange of goods, its properties do not compliment the features of a true currency and that is the very reason why bitcoin exceeds gold in terms of a mode of currency. That's true, but still people have more faith in gold as compared to bitcoins, ofcourse parents would definitely choose gold as they don't want to put their money at risk by investing in bitcoins, as some of them even hesitate in using internet, so investing in bitcoin is something wierd for them. |
|
|
|
the transactions are instant , only confirmations get some time ,anyway,be able to buy with bitcoins is on of the big purposes of it lower the fees paying less and getting a good product as we would pay with fiat.Atleast is should be like that since the fees to pay and receive in bitcoins are very low,soo i hope commerce and people understand that they can have the same profit asking a lower ammount with bitcoins.
Not everytime confirmations takes time, only few times but that is a part and parcel of any technology that we use. But for me bitcoin is something best when it comes to online transfers to send money across the countries with very low transaction costs and also the purchasing power goes low as you dont want to keep on spending your bitcoins as you want to keep it safe for the future. I'm not complaining about our blockhain bitcoins for me allows you to convert any amount online and send anywhere in the world anytime in the banks has time limit and most transacçoes so complete the next day, 24/7 is bitcoin days always fast and effective And the best thing is there are no government or public holidays involved like banks when it comes to transfer money online as it is available 24/7. Banks really sucks at this time as you don't have any other option rather then to wait till banks starts functioning. But now that problem as solved. |
|
|
|
Its not the right time for me to quit my job, since bitcoin isnt too popular in my city, even in my country. I dont have any idea about what kind of full time job on bitcoin, which people here just do gambling, trading, programming, etc as their part-time job.
There are some people who I believe that are making money out of trading bitcoins. You know, the typical buy low sell high method still works like a charm for them Well I think they are really lucky person who working in bitcoin trading, but I guess they also doing that in stocks market, so bitcoin trading become their part time job. cmiiw since I'm not an expert in trading and economy. Trading is a good source of extra income if you have a regular job, then trading can be proved to be part time income, but depending totally on trading is not a good idea, So better to continue with a job and invest few time in trading to earn bitcoins quickly. Trading is not only limited to bitcoins, but open to so many altcoins and cryptocurrency. There are altcoins which aren't worth scrap today but such coins turn out to increase 100000% increase in value for a limited time and then burst. if you know your graphs and you stats, trading is not such a hard thing to do honestly. Trading also ensures there is supply and demand in the market, and is the most essential activity which ensures the value of bitcoin. Trading is good option to increase your bitcoins, as you can increase it in a quick time, the only thing is you should be aware about the tactics of trading and if you have a good strategy then you would surely make a good profit out of it. |
|
|
|
yeah man you should save money but not live a bad lifestyle just to save money, bro. I live a happy life and spend less by keeping my expenses together and calculate them. Never thought I will ever use maths in my life, but it has helped me lots  I remember having an argument with somebody that the best way to save money is earning more money  I don't know why exactly but your quote regarding what you said on argument ( the best way to save money is earning more money ) made my day hehe , it's right though somehow at least hehe , if expenses stays the same , another way to save money is indeed by earning more than you did before Yes you need to invest your skills, time and knowledge into something different which can give you extra source of income, depending only on job would not serve the purpose, as nowadays it is very difficult to find a good job which pays you higher salary, not atleast for the freshers. |
|
|
|
for everyday fast altcoins are needed
Yes it's right. But the value of the altcoins is so volatile that it's nearly impossible to implement them in daily transactions. Just like Bitcoin was more volatile and now it seems to be calming down, so these alts will and would calm down as they become bigger and as they mature more. Bitcoin calming is the situation of silence before a big storm. And you will see a big pump in near future. That is true, and I would never sell all my bitcoins as it guarantees me the financial security at the retirement age, and it can be proved to be the best future investment So I would never sell all my bitcoins but at the time of emergency I would sell part of it. As Satoshi once said,' Either a bitcoin could be worth a billion dollars or zero, only time can tell'. The price of your bitcoins is a result of the amount of demand and supply there is in the market. If you do not make proper use of your bitcoins upto its potential at the right place, at the right time, it might not reel you as much profit as you think it could. Know your investments before you blow your investments. That is true, I keep on selling my bitcoins when I am in need of money, and at that time I don't wait for the prices to go up, I convert it into my local currency and take care of my expenses, it is better to sell when you need money or else you cannot afford to keep on holding it and don't use when you are in need of money. |
|
|
|
Probably the safest way will be to leave the 2 BTC you have and start working on the internet or get a real job and save money. With the money you have saved buy BTC. That is my opinion Why they should leave his 2btc? And why should they working on internet? I guess there are many jobs out there that dont really depends on your internet and you still can earn well there. What I can say here is you can start invest your 2 btc and you can continue on working and trying to increase your amount of bitcoin. I guess you will earn more than you can imagine here these days i cant find good alts to invest for multipling my btc:/
Its hard nowadays, I admit it and with doing alts your risk is higher than invest in bitcoin, why dont you try to do signature campaign to increase you btc amount and may be if you want to take some risk you can try to put in some alts but not too much because you can even predict the future of that alts you are invested in Signature campaigns are the best and safest source to grow your bitcoins, and if you have higher ranked accounts and if you make a constructive posts then your earnings would be higher, which would directly contribute in growing your bitcoins. |
|
|
|
Best thing will be to combine both of them , saving and investing but you need some analysis to make the best decision.
analysis always say that investing is much far better than saving money. At the current rate of inflation you will be burning your money by saving it at home or in the banks. But saving money in Bitcoin is saving after all. Or savings are only if you hold the money in fiat? Does holding money in Gold and or Bitcoin become an investment or is considered saving? This is actually a good question. For me saving is storing money and holding it whatever the form of money, so fiat, metals, bitcoin, it's all different types of money and buying and holding is basically saving. holding bitcoin is saving and also an investment. you get best of both in one package. but for most people just holding bitcoin is too boring so they look out to find ways to invest their coins into something risky to get high rewards. Yeah I have seen many people who don't have patience, even if they have 1 BTC in their wallet, they would not keep it safe for the future, rather they would experiment with it to make it double in a quick time generally in gambling and at the end loose everything. I don't gamble so often but I have heard from harharhar9965 often that one should only invest the money he can afford to lose. Losing 1 btc might not be something people really enjoy, ofcourse they feel bad about losing it but the fact that they could afford to lose it calms the situation. I always advise people to trade, rather than gamble. Trade is vital for the growth of bitcoin. Yes, trading is much better option as compared to the gambling, as in gambling you will win once but keep on loosing thereafter, and that is the basic rule of gambling, people wins and gets attracted to gambling and turn up loosing, So it is better to trade and not gamble. |
|
|
|
But we are not sure whether bitcoins will survive so long as gold has, and that is the reason people are not that comfortable in investing in bitcoins, as it doesn't provides guarantee that it would survive for next 20 years or so as there would be many other currencies entering into the market in the future.
You may have a point but there are already many other new currencies in this digital world and none have come close to what bitcoin has achieved in terms of over all and it would need something extraordinary to take place of bitcoin which I believe it won't happen in future as bitcoin keeps on growing even more No dear, What you are saying is not absolutely correct. How can you be very sure that bitcoin will keep on growing in future? Future is unpredictable, and there might come a day when bitcoin simply gets disappeared, whereas Gold cannot be disappeared, as Gold is more older then bitcoins. |
|
|
|
if anything ETH will enforce bitcoin , instead of dropping it, ETH is nothing more than a freenet, decentralized platform, everything that is decentralized can only help bitcoin not the contrary...
so you're wrong about hoping that one day ETH will make bitcoin obsolete, there is no $100 btc, there is no even 200 anymore, the new cheap price is 250
Agree with you in the very short term. But in the long rung - it all depends on how BTC evolves. In terms of scalability and cost, BTC is not showing a lot of promise at the moment. If you look back a 100 years you will see a ton of public companies that nobody thought they would ever go away. But yes, it's very early days. Anything can happen. In a way it's what makes it super exciting. Since the price hit $1200 bitcoin is well known to everyone but when it down until now the people are losing their hope nowadays, but that is only for a while in the end of this year the price will hit $500 again and there must be mass adoption on it so prepare to stack your bitcoin from now or you will miss that moment Honestly, it would be much better to not have those people in the community who would sell out and run away when the price drops. We are the people who have adopted cryptocurrency at a very early age and it is our responsibility to stand along with bitcoin due to its early phases of struggle, and not run away if we truly believe in the power of bitcoin. I don't care how volatile bitcoin is, all I know is its going to change lives. True, we need to support bitcoins, as it would become a necessity in the future, and at this stage I want that price should lower down, So that could buy bunch of bitcoins and keep it safe in a wallet for the future, and sell it off when the right time comes. |
|
|
|
I think in about 10 years bitcoin is going to be global currency, it will depend however on governments decisions. They can either speed things up or slow them down, especially USA as its the biggest market. But also global corporations will have major impact on this as well
Yes the future of bitcoins mainly depends upon the government perception and support towards it, if government supports bitcoins than it could be a global currency or else it would be just used as a secondary currency. Recently, I came across a news post which explained how Australia has been pushing the adoption of bitcoin by openly supporting it, and they are also planning to overlook important rules and regulations regarding bitcoin. Australia could be a huge market, especially when their government itself seem to be so accepting. Its positive news for crypto world, and especially for bitcoin users. yes, even I read about Australia government talking about bitcoin. First, Australia decided that Bitcoin is an intangible asset which would result in double taxing of bitcoin. But soon, I saw news posts about Australian Senate Committee seeking to Overturn Bitcoin Tax Ruling. I felt v happy to see that the government is looking out to support bitcoin, and that is a great thing. Yeah, Australian Government have started to accept bitcoin as a currency that was stated in the recent news, and that is a great thing to do, Today Australia have come in support of bitcoins, sooner or later other countries will also start accepting bitcoin as a currency. |
|
|
|
Oh you discussed about terms huh , these are some of following terms I learned upon entering bitcoin world last March of this year:
-Bits , MBTC , UBTC
-Martingale (Yes, I just started to play online gambling because of bitcoin)
-Odds
-Money Line
-House Edge
-Escrow
-WTB , WTS
-Whale
and many more.
Entering bitcoin world gives me an additional knowledge and I know in the future that I will gained more knowledge about bitcoin.
You are much interested in gambling with bitcoin. Btw how much did you earn or increased your Bitcoin by gambling. I tried that but at last the house always wins due to the house edge. Nope Im not interested in gambling. I just play it because I thought I can win big back in my newbie days. Like in a dice. I earned 0.03btc a day using martingale system in my first try. Then eventually after 2 - 3 days playing my whole profit goes to zero. But I learned my lesson now. Now I only bet on sports which has no house edge to beat. But anyways , gamble only the amount you afford to lose. Gamble on sports that you follow, you should be well aware about the game and all the statistics related to the game, that would help you in winning a good amount of profit, I gamble on both the teams depending on the odds and make sure I won something at the end of the day. |
|
|
|
Not everyone uses an online wallet, And many people love to hold the btc, Not Everyone buys gadgets etc daily so the active number would be less. Not everyone can buy coffee etc by bitcoin in there specific areas. This is not a good way to calculate the number of users imo.
Yes there would be much more users of bitcoins than 40,000. And it is impossible to judge the exact number of users of bitcoins, as there are many countries that don't support bitcoins, but people of that countries are using bitcoins and you can never come to a specific number of bitcoin users. |
|
|
|
As defined by Andreas antonopoulos: "Bitcoin is programmable money." So basically, it's a currency, and it's a technology that allows for you to develop around it. It's essentially both.
Yes, it is both, and it totally depends on an individual what is his perception about the bitcoin, and whether it is technology or a currency, as a bitcoin users it is helping us and benefiting us in various ways, let it continue with the dual role. |
|
|
|
Why did you leave the cryptocurrency/bitcoin world anyway? 3 years is a long time, things have definitely evolved and uprooted from their previous state. 500,000 people use bitcoins everyday My project idea is still in construction but I think that me and the people involved have learnt a lot about bitcoins and its time for us to contribute our time and skill into something we truly believe in well back in the days I used bitcoin only in the field of mining so I was a miner more than someone who knows what bitcoin was in general until my video card said goodbye to me so I didn't tried to really mine after that and by then I was still busy with college and stuff so I kinda forgot it until lately I said it's time to give it another shot since I have more freedom in my time now I would advise you to use the skills you already have and connect them with bitcoins. A lot of people think that there are very low paying jobs or not enough jobs in the failed of cryptocurrency but actually that is nowhere close to the truth. There are many opportunities, people just fail to notice. I hope you make good use of opportunities you discover and do justice by it. Good luck. Can you tell me where those good paying jobs are? All jobs all I see are low paid, Amazon m-turk type of tasks. The serious big jobs are still being paid on fiat. As for creating businesses, I cant think of stuff that isn't already there. Casino, exchange, already existing business but accepting Bitcoin.. its not as easy. Good things are never easy. If you're exceptionally good at something in terms of bitcoins or cryptocurrency, you wouldn't need to find a job. The job would find you, but I'd rather not speak about that now. A better way for you to earn money realistically would be to render services regarding crypto or integrate your personal business with crypto, all of which's success depends on your creativity and smartness. Nobody will hand you a manual. Yes educating people would make a difference, if you are smart and enough knowledgeable that you can guide them and you can earn money out of it as nothing comes for free, and people would definitely pay if they are getting some good income out of it. |
|
|
|
|
Show Posts
