I think Blockchain is unable to detect that what thing is bought with the transaction occur, and I think it also does not detect that which person is that who send or receive that bitcoin transferred.
Exactly bitcoin as a transaction medium helps in transferring money to any one at any corner of the world. So it doesn't matter with the product. It depends on buyer and seller whether the product is is a legal or illegal thing. |
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because customers know that bitcoin is a payment system that is very spectacular and safe
Yeah users will understand the new method of payment system, alternatively they will learn earning through bitcoin which makes more customers to follow bitcoin in future. |
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Bitcoin banknote is a bad idea, because it can be printed, and shady people can run fractional reserve ponzi scheme on it.
It's better to keep bitcoin digital, and untouchable uncontrollable.
Yeah that's right but if bitcoin needs high popularity surely the physical currency form need to exist. Also it need to be created in such a manner it can't get duplicated. |
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What is your plan to get rich with Bitcoin?
Avoid people looking to get rich with Bitcoin. That's the reality, one can consider bitcoin as a additional earning to give comfort than using this as a source to make people rich. One can be rich with a day job. |
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Yes definitely ..it depends on the holder of bitcoins how he will use it for good or bad ,buy things that are good or giving a gift to others , buying guns drugs, is not good at all.
Some people are gaining money from selling guns and drugs and its good for them,bitcoin has many good uses for giving help to organization that is helping others who are in need. Yeah, bitcoin has been used for good and bad. Right now if you make a survey you'll understand bitcoin is used more for good rather than bad. |
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Growing bitcoins can be done by using multiple methods or one good method in my opinion, I only do signature campaigns because they have a learning factor, are fun to do and also profitable without any risks plus you will grow your bitcoins.
Other than doing campaigns I do trading sometimes although I think its pretty risky so I do not do this often.
Soo you making almost the same thing as me my main income comes from signature,that is put at poloniex and making my coins grow slowly soo its always the best ,i love poloniex and their service . Polonix had gained the trust of lot users, so earning from signature campaign and investing looks to be a wise and safe method of growing hard earned bitcoin. |
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Science can't be a religion
Almost every scientist belongs to a religion if we don't count atheists. Anyway atheism is also a religion that against to religions
Yeah, scientists too have their own religion but the scientists who are atheist believe science as a religion. |
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Even though it lost some trust over years, technology behind btc was always favored so it helped bitcoin live more.
I do think one day bitcoin will be super huge and I will wait till that day.
No matter what happens, bitcoins will remain always alive. Infact its the only currecy that will be alive afet even century and century. The main reason for this is that Bitcoin is the First And best avaible Digitial Currency. Yup and I think it is the first, well and there are great neccesities with bitcoin and a lot of I personally known person earn mostly with bitcoin, and I have learn it towards a friend well I truly with that bitcoin will always continue in making other people lives change for the better. Yeah that's of you. More users here came to bitcoin just through their neighbours surrounding them. It has given life to several users around the forum. For this reason it is much famous and the next is its backing technology and price. |
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In theory it could make central banks dissapear. I think in the future regular fiat cash will eventually be replaced by digital cash.There's just too many advantages. I watched a documentary about counterfeit us bills the other day and there's billions of it being made and flooded into the market. The bills are so good that it's hard to tell them apart. Bitcoin solves this instantly. Bitcoin also solves the issue of banks being able to print it as they like which as we know devalues the currency whereas the opposite is true of bitcoin.
Bitcoin is a full currency i think , there is no real difference between Bitcoin and the other currencies nowadays, fiat is used more till now that's true Bitcoin is a currency indeed, but it will be not possible that it can make the banks disappear you should know that there are a lot of people that is still using banks. And they dont know even how it works and that is the problem you have to promote it more. Banks can never disappear as banks are the strongest financial institutions we have and it holds the support from the Government and also holds more trust from the customers. That's true, each and every user in the world directly or indirectly depends on bitcoin. I believe banks were running successfully with the support of government as well acceptance. So its not possible to make banks get disappear. |
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Some of them I hold and some I spend when I am in need of any emergency, I know this is not the right time to spend but we earning so that we can spend when we need it.
I too do the same as quoted by above mate. One additional spending I do is the wasting in gambling though I have found myself unlucky in various events. |
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Bitcoin is the future of money, or so they say.
I would like to hear your opinions on Why should people use Bitcoin?
Your question sounds to me as "why would people want to become rich?" Bitcoin is a blessing of the technology which can make you rich in future, if you devote time to earn it. I myself is saving for my retire so that I can add some extra spices to my retired life. Also I have a plan to buy a superbike in next 2 years using bitcoin savings. how long we need to become a rich? so many people said to hold your bitcoin if you want to be rich in the future. imo to become a rich it isn't an easy. Fine, it is not so easy to become rich at once, even if you are holding bitcoin. It takes years to become rich, with your coins you have to invest more, then while you choose trade you should not lose your coins, you have to hold higher ranks to earn good amounts from campaigns and so on. If all these goes well you can become rich in few years. the getting rich times with bitcoin are over. in order to get really rich and make hundreds of thousands in profit, you will need to own at least 250 coins and use them do to some trading or simply hold them to see the value go up. Agreed, the days of getting rich with bitcoin is already over. Users who filled their wallet with bitcoin when the price was found low will be the last people who were rich of bitcoin. Now if one needs to be rich, only the bitcoin gambling would help you if you are lucky. |
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What I like about bitcoin is instant and low fee transaction.
Also when paying or buying something is simple, no need verification.
yeah when you buy something with other bitcoin users You just need their bitcoin address and send bitcoin instantly. very easy. and there is no limit amount to send as paypal That is possible and a good feature which can't be found in any of the transaction mediatory. Also I feel the difference in price on buying things with bitcoin gives good profit for which I prefer bitcoin. |
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we are making great history. In the future, on the list of currencies used in the world bitcoin will also be added. This makes people know much about bitcoin even if it gets vanished after years of production.
I can proudly tell my next generation that I am the pioneer of using the bitcoin and see it flourish continuously. We are just 6 years into the existence of the bitcoin. If the bitcoin survive the next few decades, we are the pioneers. Yeah, just in a very short time period we have reached lot users. There is no need of 'if'. Bitcoin would surely survive for decades. making the Yeah now we are telling that we are making the history. After some decades we become old, and bitcoin will be in the peak, at that time we use to tell we made history in bitcoin The bitcoin will never be in the peak. As the number of total usable bitcoin drops all the time after 50 year. The price will rise always. I don't understand what you're trying to describe. I believe the drop in usable bitcoin will lead towards increase in price. This might help in getting more users into bitcoin. |
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My prediction would not be much like the previous year and maybe this year will increase around $500-600
The year end price completely based on the price after halving. If halving gives a price around $600, for sure we will reach $800 - $1000 by the year end. I do not think it will happen if the end of this year could reach $1000, even if halving could make $600. maybe $600 will not linger long, as it may be many people who will sell panic and big dump occurs. In reality it has more possibility to grow to high price by the end of this year. As this year is described to be the year of bitcoin just because of the halving. At the same as quoted above assured price might be around $600, based on speculation it is expected to go high upto $1000. |
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That is hard to say,but the most people are thinking that the value will be not that high in 2030 but you never know what can happen, it can be nice if you can be a millionaire with only some 10 Bitcoins.
It will be better if you have some more coins to be for sure that you can make some more profit in the future.
I don't think that 10 btc can really make you millionarie by 2030 as I don't see it rising that high and if you want to be an millionaire then I think you should hold atleast 50 to 100 btc. If anything thats probably going to be like $10k at most. 10 btc isnt much unless you get like 100 btc like you mentioned. But even 100 btc I feel like its little compare to the 210,000,000 out there lol. I think minimum should be 2,000 btc. It's too late to collect 100 Bitoins for 98% of the people, and it will only get harder as the price will go up and up in the coming years. Especially when you consider that the majority of the people don't even have 1 whole Bitcoin in their wallets. That's the reality, its much harder to get 100 bitcoins now. Even if you take a survey very few users have a whole bitcoin in their wallet. Coming days if price of dollar goes high along with the price of bitcoin one might get a chance to become a millionaire by 2030. |
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Yes saving your bitcoins is a good idea from now on because of the halving that is coming will be very profitable and let the price rise for sure.
I think the best thing you can do right now is save as much bitcoin you can for this year.
Why save just because of halving thing? What if there's no halving that will come? How's the deal here? Halving is expected to give a big profit compared to the profit got right now on selling the bitcoin. So for this reason its recommended to hold till halving. If halving doesn't take place surely the gradual increase will give you an additional profit. |
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There are several reasons, the bitcoin block size will be increased later this year, the block reward will also be halved.
Yeah that is right and we have opportunity to see all time high price in this year becuase of the upcoming events that we have in this year which will lead to higher price by the end of the year. With all time high price expectation, most has speculated 2016 to be the year of bitcoin. But I don't think that the price would go high than the price of last time halving. |
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If the halving will not affect the price then we should wait about the block increase to 2MB which will happen or this year or in 2017, and at that time i expect the price to be more than $500 because the last weeks it wasn't close to much.
I guess without having bitcoin prices will reach $ 500 in a year. will be very many people who invest the money they have to wait bitcoin for halving, so the effect of the investment would make the price of bitcoin be $ 500 The price is going to reach to the value of $500 before the halving and I think it is because of the news of bitcoin halving, with which people has started to adopt bitcoin and a trust has once again created on it. before and after I think the price will be above $500, where the demand will be even greater. maybe 1-2 months after halving we could see the price higher than $500 If the price reaches $500 before halving a peak increase can be felt at the time after halving. As suggested bitcoin could gradually decrease from the peak price and gets stabilized around $500 within 2months. |
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Bitcoin is really good protected but scammers can stole your money even with this level of security. Beware scammers boys  Only such hacking takes place in exceptional cases. Now with various security features everything can be overcome. Getting out of scammers is now not difficult as most users were much aware of scamming. |
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China always present at inovation soo if they supporting bitcoin they becamed the first country to hug bitcoin project and support ,the same way they invest when some country is at financial problems,they have interest at bitcoin.
In each and every technological advancement china has a major role. So as a part now bitcoin is supported by China, this will make china to go high in the future. |
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