We all know the advantages of BTC, but what are some of the disadvantages??
First is that its price is very unpredicable and if you are too greedy, you might lose assets. Second is that it is sometimes cosidered as illegal. Lastly, it is considered in some governments a threatto the economy. In my point of view there is no disadvantage of Bitcoin, some people say that the criminal use of Bitcoin is the only one disadvantage of it. But think that the criminal mind people are in everywhere in the world and their activities are always in a negative way. So the fault is in the mind of criminals not in Bitcoin or any other way they use for crimes. The Bitcoin is the only virtual currency of the world which got a popularity of such level. |
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Is there any negative effects to bitcoin if it becomes more popular than it is now?
There will be no negative consequences of increase in the demand of bitcoin. In fact, this will increase the market value of bitcoin as the most common consequence which you observe due to increase in the demand of anything is the increase in the market value of that thing. As the market value is increasing, so it is resulting in the market value of the bitcoin by much larger value. Agreed! the most basic principal which is being followed at almost each and every place is one and only demand and supply. Increase in demand of bitcoin will definitely result in the market value of bitcoin. The only thing which helped bitcoin to have this much of market value and fame all over the world is none other than that of increase in the interest of the people regarding bitcoin, thus increasing its demand. |
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If you are just using all your money to gamble, then let me tell you that you are a dumb guy. No one who has at least a tiny brain would do that.
And there are people who are wasting all their money by gamble instead of investing, and they are throwing all their family into the same whole, the poverty.
came on guys, you can not compare gamble to invest, they are very different things.
You have made an honest and aggressive opinion buddy. I really agree you on that one. Gambling is a second name of risk. Investing is a broader concept and there is a comprehensive and high level system all around the world about investing. Billionaires act as shareholders in different companies and they stay at arm’s length from gambling fun. If a person thinks gambling as a source of investing, then he should really gain some serious knowledge. |
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That will be hard. Although more and more people are now paying attention to cryptocurrencies, let's not forget that there are still many who can't even afford to buy gadgets which is a vital tool in engaging in cryptocurrencies. Still, cash is needed by the society even if cryptocurrencies manage to be at its peak.
Bitcoin cryptocurrency is surely the next big thing in international currency and it has already shown some proofs. Many organizations have started to accept bitcoin as a source of transaction. They also provide discounts and promotions for consumers who pay through bitcoin. The organizers just need to ease its accessibility and it should be easily available on online and reachable platforms. |
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The only way for it to lose it's value is if it gets banned all over the world. When that happens, people will lose interest and get all their money out. Miners will close shop and all that's left will be a dead coin with no value. But let's get real. Since when did the whole world have a united decision against anything?
Thinking about the banning of bitcoin is similar as thinking about a snowfall in Dubai. Bitcoin is a cryptocurrency it its price can never get stable. It is expected to rise eventually. So, it’s great opportunity to invest and gain high profits from bitcoin. Bitcoin is basically a service and it eases the modes of transactions. Therefore it is a child wish to ban bitcoin. |
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Since online jobs are prevailing these days, it would be possible in the future to have a reduction in unemployment when bitcoin becomes legalized to most countries. It would be easy to earn, save and invest money while at home using the rising technology. However, it is true that bitcoin is risky due to fluctuation of prices but everything is worth it when there is a sudden boost.
Bitcoin is a great way nowadays to invest and earn money by sitting on your couch it is bound to make your ends meet. However, there is no such relation between unemployment and Bitcoin business on global level. Bitcoin is a currency and a good source of investment. Unemployment, on the other hand, is a completely concept. Bitcoin reduces unemployment on individual basis. |
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First I heard about bitcoin few years ago on Internet and television news..Then few months ago I completely learned about this things from my friend..He is earning huge money from bitcoin..Thats it..
Well that was interesting. I first discovered bitcoin through my Facebook account i have joined some tech related groups there and liked many such pages. They keep on updating you with the upcoming stuff. I saw a post related to the blockchain technology and crypto currencies there. Facebook is after all not as much useless as some might think. Plus, one of my colleague revealed it to me two years ago. |
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Definitely would be difficult, bitcoin has the largest currency, actually the leading currency as of this moment, though ETH and other altcoins have been improving also, but without BITCOIN I think altcoins would improve, its because people will begin to switch and probably improve altcoins, but like what I have said altcoins without bitcoins will either be a good thing or it could be a big problem.
Bitcoin is the benchmark for all the alternative coins, but if in any case Bitcoin dies, who would really care about the Dead.one. At most, people would just mourn on its death for one or two days. Everyone will get into alternative coins as that will become the new way. For instance when gold coins were replaced with paper money, nobody really cared about gold. People adopted new system. |
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Of course anyone will say do not quit your job for this Bitcoin. But on the other hand trading is the most profitable business All Around The World and everyone know that. As we can see that Bitcoin price has reached a huge scale so people can technically please their job for earning Bitcoin right now because you can see when Bitcoin will fall and you can prepare yourself for another job in that mean time. But there is a disadvantage of this if you make your Bitcoin earning full time and you cannot store any money you have to constantly invest your money somewhere or you have to buy something or exchange your money into faint money constantly.
My recommendation would be no different than yours we all know that bitcoin is an easy way to get hands on huge profits and it has proved its potential of growing but before taking any big step like quitting a job, one must keep the fact in mind that bitcoin is the most volatile digital currency and apart from joining a signature campaign, it is not very easy to earn bitcoin. I would rather take on both things at the same time. |
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If bitcoin will be used as our daily payment is it possible that schools will be accepting it as payment for tuition fees? And if it will be accepted they need to teach the students the use of bitcoin and give the knowledge to use it and how it works.
If bitcoin will be used in our daily transactions it will help every people or every bitcoin users to get easy their daily life or transactions that they will not spend a real money instead they will use bitcoin as their payment.I think,in other country it is now open that they're bitcoin used in their daily transaction.So I hope that it will happen in my country for us to have a easy transactions. This is what every bitcoin holder desires of. Everyone wants to experience using bitcoin for purchasing daily stuff and some might have already done this. Absolutely, it would be nice to use digital currencies for the purpose they were created. I know the basic reason was to enjoy the facility of transacting large amounts at a cheap rate across the world in minutes but a currency is supposed to be used for micro payments also. |
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They have different value so i think it's good to know that because for me we need btc and fiat like in btc we can save our money here with your own bank that you only know and in fiat you can save that only in bank so you need to trust other person in your money so i say that's the good in saving money because we're more secure in saving our own money at all.
The most basic difference which I have observed in between bitcoin and all other offline currencies is that bitcoin can also be used as a very good way of investing as the market value of bitcoin increases with every passing moment. On the other hand, the market value of other currencies hardly increase. Moreover, you do need to have an internet connectivity in order to get thing done related to that of bitcoin. |
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I'm my country isn't get acknowledge, if we want to use Bitcoin we should change it first to our currency.
This is really a good thing if it happens in my country the thing is there are people who are having bitcoins in their wallets but still they are unable to use those bitcoins while paying at super market or similar places like that. At present, there is hardly nay super market which is offering this great facility to their customer that they can pay the bills in the form of bitcoin. This will take some time. |
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I guess the holy grail is actually earning bitcoins or altcoins to increase velocity. I have a beta site where you can pm if your interested in a beta trial about earning it.
However id like to engage with you all to ask what would increase velocity, i think people actually earning is the only way and would work as a parralel currency to fiat. What sites do ppl use to earn coinz apart from buying of course.
I just noticed something about your questioned, What do you mean " would increase velocity " isn't volatility instead of velocity. Because in terms of earnings we can get it in altcoins too aside from bitcoin. Either trading or bounty campaign. If you are having enough skill set in the field of trading that you really thing that trading is the things which you can do without having any kind of worries, then you must need to go for it and that without having second thought. It is because of the fact that trading is the best way of earning any kind of crypto coin may it be bitcoin or altcoin. It will help you in having a huge number of bitcoin as well as altcoins. |
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Bitcoin is online process and all country people connect the bitcoin. It use for the online transaction process. So it will not use in offline currency. So you will leaen the bitcoin process. Then you will know about the bitcoin using process. Bitcoin is future digital currecny so no one can chage the coin peocess. No one can controller. It will help to the all country people life and use the future investment. Improve business process.
Of course bitcoin is a usable currency and one can use his bitcoin anywhere in the world for his purchases. You can use your bitcoin as you use your debit or credit cards. You have invested your money in bitcoin and it is the beauty of bitcoin that it is not only a business but also a usable currency. Its use it far better than regular currency because if you want to buy something in other country you will have to send them money and also need transfer, while bitcoin is free of these things. In my opinion, it is not possible to use bitcoin and all other crypto coins like that of offline currencies. All the digital currencies which are there in the present world do need to have an internet connection in order to perform different kind of transactions and stuff like that. There is no other possible option of using those cryptocurrencies and treating them like an offline currencies. |
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Many articles about internet marketing are spread over the internet, but you have to keep practicing and be consistent, as real-world marketing is unlikely to succeed in one trial, it takes several times to succeed
Internet marketing is the most powerful tool not only for making money but also for promoting the products and similar things like that. Social marketing and social media is playing a vital role and thus it is helping in solving the problems of lot of people. The thing which you need to take care of while learning internet marketing is that you need to be patient and you need to remain motivated all the time. |
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yes for sure i will buy some coin and this is right time to indeed and will keep on hold and heaving positive think that it will increase in future and waiting for 2018.
If you really want to buy some bitcoins, then this is really a good thing and that it can help you in making more money in the future. Moreover, the market value of bitcoin is also little low now-a-days, so this will also work in your favor. The thing which you need to consider before making this decision of investing in bitcoin is that whether you have this much of knowledge that you actually can make something good out of it or not. |
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Do you think Bitcoin will be down more? Now price 13708.00 ...  mid of Dec it almost hit $20000 but I think it will continue to go down maybe $15,000 by the end of the year. Actually it still depends on the marketcap if bitcoin continue to go up and down it's value. Who knows what's gonna happen for bitcoin day by day, right? Well, let us just hope that it will continue be a strong cryptocurrency and continue to grow. The market value of bitcoin is coming down but we should not forget this thing that same kind of things happened in the past as well but this does not entirely mean that bitcoin will continue to go down. I am very much sure that in the very near future, the market value of bitcoin will again increase and it will increase in more significant manner, thus will help the investors as well as holders of bitcoin to make more money. |
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I don't think it can happen soon as Dollar is much famous now and also it is now the backbone of the international trade market. If dollar falls down or is replaced then not only bitcoins, but each currency will fall. I don't think the american government can allow it to happen but in case it happens, we can see some dips in the graph of bitcoins.
Dollar and bitcoin are highly interconnected because bitcoin is valued by dollar. Dollar is the global currency and the US government won't allow it to replace with any other currencies. If dollar falls we can see more dips in bitcoin as well as in other altcoins. The only affect which this world will notice at the time when the market value of dollar will fall down is none other than that of increase in the market value of bitcoin. Like you said, there is no other connection of bitcoin and that of dollar other than this that dollar is used as an international standard to value the market price of bitcoin. This will work in favor of the ones who are having bitcoins in their wallets. |
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I don't think that the paper money will be banned entirely as i feel it as something foolish even if some of the government are trying to implement complete digital currency i don't feel they will ban paper money as it will affect the people in low class society.
What is being banned entirely? It will never be banned. They are very important. Paper money is the real money, not even digital money’s. Digital money is just a copy of the real money (paper money) into electronics so that they be easy to use for distant and close transaction. So they can’t be banned. Paper money is being used by the people living in this world since centuries we can never eliminate the usage of paper money from this entire world. There is no way that all the people who are living in this world will agree on using digital currency. Though digital currencies are quite helpful and beneficial, but their introduction to this world can only reduce the usage of paper money but cannot eliminate it. |
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For now bitcoin is really a big thing and i guess this can be bigger after a year, many rich people invest their money to get huge profit but of course its not about always on profit ,you need to face that fact that if you invest on bitcoin there is also a chance that you can also lose your money.
The price of bitcoin is so high that the risk involved in investing now is really huge as the possibility of a crash could scare any small time investors ,one thing is certain,the price wont go higher all the time,there will be a time when there is a correction,make sure you ride the market and book your profits in time and play safe. Agreed but the thing is you actually need to take such kind of risks in your life if you actually want to change your life in a positive manner. I am very much sure that bitcoin will never ever disappoint the ones who invested in bitcoin. The market of bitcoin does fluctuate but it does not mean that it will go down all the time. It will rise high and it will for sure help its investors in making money. |
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