The government is going to always try and get their hands in things that are worth alot. If they think they can bring in a boatload of tax money from bitcoin sure as anything they are going to aim for it.
Yup you are right dude. Many government in the world are holding their income through taxes only. Tax free are too make that in fees way.Thats why these people are not allowing people to use bitcoins in legal with Government acceptance. If its comes in common life with all people. Corruption and many thing remove from the world. Fines are another source of income for governments. I have to agree, governments cannot easily confiscate bitcoins, which is why many are not very supportive about it. Yes but I think not in distant future government will try to get their hands into Bitcoin and ultimately fail to do anything because government just thinks like banks and feels like Bitcoin might to a threat to them, the best part about bitcoin is its digital hence they can't do anything. |
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At one point I was buying when I thought btc was low but then I just moved on to buying a little every month regardless of price. Not bought any in a while though.
But I missed to buy when the price was low but every week I am buying little amount of Bitcoin because I know how bitcoin's value is going to increase, just waiting for a temporary dip to buy one BTC. |
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Anybody vouch for holytransaction wallet.It looks good but is it safe and been up a good bit
Never heard about it, this is the first time and a googled a bit and found that they have an ANN thread here Take a look and read here: https://bitcointalk.org/index.php?topic=472248.0Yes even I found some details about it and they claim that they don't charge anything for transactions and transfers and says they transfer instantly but little bit concerned to try this because I don't know how safe it is. I always use Blockchain which is well recognized. |
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I got a feeling the price will go real high this coming year. Therefore for me it is a no brainer to buy bitcoins.
Problem is i prefer to buy around the 380 price range.
That's the problem everybody knows that buying one Bitcoin now will be a good long term investment but people wants to buy at cheaper price and I don't think it is possible to buy at $380 because $400 is the least which BTC will go down. Indeed investing in Bitcoin is the best thing one can ever do. |
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I've seen on the picture that the price was : 458.8$/btc
Is this picture taken when the price was on that level or does the ATM charge 8%?
I've seen on the picture that the price was : 458.8$/btc
Is this picture taken when the price was on that level or does the ATM charge 8%?
I think it's their commission I mean service charge it's bit hefty but once they get competitors in the same domain prices will come down but this is the indication of gaining popularity of Bitcoin and soon it will become a trend. |
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As far as I know, you do not pay taxes if you keep it in BTC. But one should pay it if the money gets into your regular bank account.
Yes that's the fact and one of the main advantage of the Bitcoin over the fiat note that's why I am using Bitcoin for most of my online payment so that I can save my money (Bitcoin = money) and stop my money in form of tax going to the pocket of politicians. |
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bitcoin future may be determined in 2016, because so many are hoping bitcoin prices to rise rapidly, probably if the price does not go up, it will be a lot of people who stop mining  It will go up for sure now you should notice that Bitcoin was approximately $220 at the beginning of this year and now Bitcoin is $430 and it has set a benchmark of $400 as the least even if it drops so don't think negative be positive and Bitcoin is the future money. |
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I do not believe that polling almost balanced, in some post I found them more likely to use them to make payments bitcoin, and they liked it, but if they see pooling earlier, it means that many of them also make bitcoin as an investment.
Most of them use it for online payment and few keep it as a long time investment with a great risk, by the way even I don't believe in any polls because most of the votes will be from people who don't use Bitcoin for anything rather than trading it for fiat |
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I would sell all my Bitcoins when the prices go over 2k.
It would give me a good load of money which i can use to invest in some real estate.
Good that's a perfect plan but I will sell it when it cross the value of $1000 because I don't have patience to wait even though I know that the value of BTC is gonna increase with leap and bounce but one advise for you just do a detailed market research before getting into real estate. |
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I would have to choose gold... For now anyway.
For now most people would choose gold.. many reasons for answer such as gold more trustworthy and more accepted by the community.. it is different with the bitcoin Yes but the people who are looking for more profit in short span of time and risk taker will go for Bitcoin over gold because bitcoin will give much more profit in lesser time than gold but risk is involved and by the way now I don't think Bitcoin will go below $400 so even I will go for Bitcoin. |
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The less favorite for me about bitcoin is that if you mine is just take to long to get 1 bitcoin.
Also I don't like that is not always save, but I think is also with the banks.
But if you think about it too during old days. They are mining 1 bitcoin for what price? Just a cent? Now that its price is high mining it for a long time is going to be profitable. Yeah it would be more profitable in the coming years and the least favorite thing about bitcoins would be the confirmation time as we all are aware that somtimes it takes too long for the transaction to get confirmed and rest is everything fine with bitcoins. I thought I am the only one who is not happy with the time taken for confirmation and I think it will be resolved and minimized gradually this is the only least favourite thing about Bitcoin. It happens because of high volume of transactions going on nowadays. |
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Bitcoin is not real money to me.Bitcoin is virtual or illusion online money.
It can't be touched so it is not a real money.
Bitcoin is just number which is visualized on our monitors, but yeah it is real money because we can buy things.
It's 'machine to machine' transactions but it makes sense to us, same like the e-banking money.
You cannot refer to bitcoin as an illusion, although its form is digital, bitcoin is not an illusion, because bitcoin is real many stores that accept bitcoin for payment options Bitcoin is not illusion it's real because you can buy products using it and exchange it for other currencies from Bitcoin traders and if you think that something which cannot to touched or felt is not real then what about those savings which we do at banks? Do you think banks have all in cash ? It's just a digital thing if all the customers wants their money back from bank at the same time then they will not have that money to give you because it is all digital. |
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When I see a rise in it immediately, and I see potential for it to go up more. That's the perfect time to buy, and sell right when it is about to drop.
A rise can be misleading. There are always some small bubbles that could happen and then there could be a really hard crash. You will eventually lose money if you continue trying to get money this way. You may not necessarily understand the trend completely without a lot more research, as well. Well said, That's true because most of the people don't do research about Bitcoin and jump into it and buy it like crazy and then becomes extremely happy when they see the prices going up and if there is a little dip or downfall they gets panic and ends up selling up all the BTC at very low cost and then regret it later when Bitcoin regains its higher value in couple of weeks. |
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Honestly i think we are in for a treat this year.
The price has gained a lot of support. While we were at 220 USD in the beginning of this year, there is some strong support at 420 USD now.
I got to know how we are growing. At the beginning of the year we were at $220 approx and then before a week we reached $460 mark and then again Bitcoin dropped to $420 and still it's struck at the same value so when you analyze this what you can understand is this year our value has almost doubled because now there is no way to go back to $220 again it's impossible and when you look at the speculations the worst downfall will be around $350 so we are growing stronger day by day. |
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As many people have said, bitcoin won't replace the dollar. S country likes to have control over their primary currency, and they can't really take money out of your cold wallet, can they?
It is true, not possible a country to change its currency to foreign currency, the dollar will remain, impossible for bitcoin to replace the dollar Yes exactly true no matter how worst Dollar might down but still Bitcoin cannot replace dollars as the local currency any country. Probably a new born country can use Bitcoin as their currency but any established country will not give up their national currency for Bitcoin even though Bitcoin is much much more valuable than dollar and other currencies. |
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I have minimum one bitcoin on me just sitting around and not doing anything. It is assumed or reserved as a backup. That's really a smart way of investment even I am in the process of getting one Bitcoin and holding it for future because we are all aware of the power of the BTC , people who had saved Bitcoin before of years will know how their live changed drastically due to the increase in value of Bitcoin when compared to gold and dollars. |
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Lol, it's worth to anybody who knows what it is.
If you don't know it, then perhaps you could say it's worth nothing.
Indeed Bitcoin worths a lot to anyone who knows about Bitcoin and it's such a dumb question honestly, people are converting their money into Bitcoin then just imagine how valuable BTC has become nowadays after all it's the future of money by the way if it's not worth to anyone then just transfer it to me. |
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I think the best way that Bitcoin can be spread is by doing public demonstrations, and giving free BTC small amounts around 0.02 to those who take an interest. The only people who could do this is the ones who brought when the price was incredibly cheap and are now BTC rich, this will be a great way to give back to the community and intern help raise BTC popularity and usage and of course making it widespread. This is demonstrated beautifully in this documentary : https://www.youtube.com/watch?v=8zKuoqZLyKgHow do you feel we as a community should raise bitcoin awareness and how are you helping ? Giving out free coins isn't a good way of advertising it actually as people would just claim the coins and cash it out. Instead, public demonstrations, advertisements on television, newspapers and magazines would make people aware of this currency and more companies would adopt this currency as their primary payment method. Currently, the media has ruined its image and hence only bitcoin users can explain its use in a more effective manner rather than media sources. Banners too can help to give the currency necessary publicity. Giving out free coins is something there bitcoin foundatoin can't fund. Simply too many people should be given free bitcoin. For that matter we already got faucets, which are meant for that. Doing some public demonstrations is very good idea though. I would say promoting Bitcoin at some events or college functions will spread the awareness about Bitcoin because there are people who don't even believe something like Bitcoin exists so targeting cultural activities and having joint venture with retail stores and giving out some discount for payments through bitcoins will definitely popularize Bitcoin. |
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I'm sorry to say, but you will not see a $100 price ever again. You should have bought it at $200. From now on you will only see its value go up!
You are so right. The lowest we have seen in the last couple of years was 200 USD. That's a new low from a year ago, these days i think the new low is around 300 USD I could be wrong by ~ 30 USD Everybody knows Bitcoin will never ever go back to $100 again but still people are waiting for the slump in the value of BTC to buy one and seriously I don't think those people who are waiting for price dip will ever buy BTC and when it comes to new low I think it could be between $350 - $400 because from past couple of days there have been some fluctuations but it never go below $410. Seems like $420 is a stable value of Bitcoin for a month Atleast. |
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I hate all the people who use it for scamming. It is like bitcoin is made for scammers, instead of for us.
True it is caused by the fact that bitcoin is anonymous for the end-user, but there should come some party which monitor the market/scammers.
I agree with your statement to a limit that Bitcoin forum is filled with scammers but there are moderators who keeps an eye on it and kicks out the scammers and yes having a strong team to monitor the scammers will be good and it will help us to get rid of scammers. |
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