All my friends know what bitcoin is. Some do business with bitcoin, some just heard what bitcoin is
What if your friends are not interested in bitcoin? Bitcoin is a good place to invest, we can profit from it, if your friends are not interested in bitcoin, do you help them or not? |
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That day when bitcoin hits 50,000, and this topic wil be replied and honored by the new folks whom are new to Bitcoin by then, the day when multiple countries have the coin in use in shops and services, the day when you get paid 0.05 BTC a month for a fulltime job, what will you do with your precious coins? when this appears on your screen...
$50,023(+0.12%)
1 BTC
Will you hold them with the knowledge of becoming a millionaire, or a multi-multi millionaire? Or wil you find it enough and trade some or most of your precious, precious coins for money to buy something really big, or use it to start up your own big company?
For me, I will keep them. I might only sell a tiny bit if I would like to make a purchase of something, but for the rest I would keep all the coins knowing that 50,000.- is just the start of a new beginning (just like 2017's 2700 compared to 2014's 200.- already)
I am curious what you will do that day, when this post gets replied and all those people wish they started in the time that we did. The day when you, me and all other Bitcoin buyers basically have won the lottery, what will you do?
It's crazy, I think you should look at life face-to-face, do not think in vain. This life is not easy for anyone, and bitcoin is no exception, it will never reach that value. |
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I think that ransomware attacks are just a drop in the ocean of bitcoin; the recent attacks have little to nothing to do with the price boost we experienced recently.
I would be more prone to consider the growing interest into the crypto currencies of more people from all around the world as the main cause of the spike we witnessed.
Ransomware is no longer a new thing, it has appeared many times before, and it has survived so far. There are many hacker groups in the world, although their software is different, but they have all the same features, and they use bitcoin to get paid. It can be said that bitcoin has helped hackers steal money from others, but bitcoin is not the cause. Ransomware is not available to everyone, but Wanacry is the software that has the most severe consequences, which causes the world to move and threaten the global crisis. However, I'm glad it has been blocked, although it may continue to outbreak in the future, but temporarily, we can rest assured. |
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That's a big step up towards reaching the next level of popularity for bitcoin, I wish more countries took the venture and did the same.
Any Country that looks at the future (instead of being stuck in the past) should learn to adapt and risk a bit in order to grow
That is already happening and there is a few countries that making moves towards bitcoin and they are all trying to adopt bitcoin as soon as possible and this coming july the country of Australia will treat bitcoin as a money and that is one of the reason why we should be buying right now because it means a lot of demand coming in and not only japan and australia is moving but also the other countries. Many people claim that they need to own a bitcoin before their prices soar, which in turn has caused the demand for bitcoin to rise sharply, and they have had to spend a great deal of money on the developer adjusts the bitcoin value. |
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Hello everybody,
Is it a good idea to do this: issue a physical 1 ounce (or 1 gram, ...) 24 karat gold coin (call it BTCg coin) with a private key (of 1 BTC or less) engraved on it (or a paper wallet attached to it) and sell it for the equivalent and fixed price of the gold in fiat+ price of 1 BTC at the time of minting (let's say once in a year on 3rd of January)?
This will:
1. Make bitcoin even more popular,
2. The person buying it will say: Either BTC go up, and I will have the BTC in my BTCg coin making me profit. Or BTC goes down (say zero, for most conservative investor) and still have the GOLD in my BTCg making my investment less volatile.
3. There will be new front in trading...
4. be a moment of truth for BTC each year celebrating 3rd of January
...
Thank you.
It's not a way for bitcoin to grow, it's not working, look at what happened with bitcoin, the new government is the main reason for the development of bitcoin, if bitcoin is accepted by governments, It will grow rapidly. |
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Some people are saying the population totals for South Korea is too low to have a significant impact. I differ from them, because it is all about percentages. China might have the highest population in the world, but they might also have the lowest adoption percentage.
If mass adoption takes place in a small country, it will have a bigger impact than when a country with a high population use Bitcoin is small percentages. So this is still good news, if their government is Bitcoin friendly. ^smile^
That's exactly the right thought, despite the high demand for bitcoin in Korea, which pushed the bitcoin value up to a record $ 4,000, but it was completely unlikely to impact the world bitcoin market. , Because they are a small country. |
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If they lose the keys for their wallets even that is private keys or backup phrases like the usual wallets right now then it is not possible anymore to recover those amounts of money and it will be lost forever and the only thing that the person can do is to be careful in securing their accounts next time so they will not be worry about losing the keys for the wallet.
For bitcoin users, the key is the only thing to secure their money. Bitcoin has high security, so if you lose the key, you have no way to retrieve it. |
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I think the rich people are really deep in cryptocurrency because I heard Microsoft owned by bill gates actually owns Bitcoin mining farms and so I wouldn't be surprised if those big men are into it big time and makingvall the money. It looks good for the poor people because through the rich men the currency will gain value and so the poor people with little bits of them can sell for high amounts of money.
Precisely, wealthy people are always careful, they have a different view from all of us. And the rich are easier to profit than all of us and the poor. |
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Wonder how many realize this. Basically you are feeding the whales. At this time PayPal fees are cheaper  You are not the only one who knows it, we all know it. But we know that, it will not last long, bitcoin is preparing segwit, they will upgrade with bigger block number, and the fee will certainly decrease many times. Do not worry too much about that, bitcoin is still good for us to use. |
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MyEtherwallet: 0x571BB54C794154feeaD2B95bDe47877D63274FE9
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Bough one few months ago, had a slight issue with authorization and the like and everything was handled by the excellent support, it's not too expensive for a good wallet and it feels more secure than just having them in a regular PC wallet.
Did you use it? It looks like it's still a young wallet, so it's usually a little trouble, but that will help it get better, use it if you find it convenient, do not worry. |
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The price of btc in South Korea is over $1000 the global average. It has been stated that the price per BTC in the region has reached upwards of $3500-3800 across the country’s top three exchanges and a lot of traders are finding significant arbitrage opportunities due to this trend in S/Korea. Also, these 3 popular trading platforms are processing roughly $200 million USD worth of Korean Won-KRW/BTC trades daily, and from all indications, the central bank’s and government’s friendly attitude in bitcoin community in South Korea is thriving greatly. Apparently with this development, this country is one to watch with respect to bitcoin. What do you think about this explosion in the bitcoin world in South Korea and its global impact? Reference: https://news.bitcoin.com/south-korea-bitcoin-1000-global/I have heard some information about it, and I find it hard to understand, I'm curious and I want to know why the value of bitcoin here is higher than in other parts of the world, and the difference up To $ 1000. Despite the high market demand, the bitcoin value will increase rapidly, but it is hard to believe that the difference is too great. |
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Do you think the richest families or personalities in the world would be interested in using bitcoins??
And if so, would that be a good thing for us small people or negative??
I mean rich people are capabale of so much things, so it makes me wonder..
It depends, some of the richest persons in the world are not there because of the world of finance, they created a product or a service that made them rich, so it is not like they are experts wall street sharks, so while some may be interested, I will bet there are some that are oblivious to bitcoin and don’t even know what it is. I have another thought, much simpler. Rich people have many forms of business to profit, they do not need to invest in bitcoin. But those who invest and trade bitcoin, they are definitely the rich. Looking at the development of bitcoin, we can confirm that. |
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I thought about how to get my money to accumulate as much as possible and after a lot of collecting I wanted to do what I had never done before.
Things you did not do before, what was that? We should invest in bitcoin, which is a good way to make a profit, but we should not invest all that money, there are risks to bitcoin that you can not predict. |
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Yes it is a very funny thing but cool, at least it is true also maybe in the future it's hard people will struggle get 1000 satoshi in his wallet
Struggling to get 1000 satoshi, it's too early to talk about such things. No one can predict anything for the future. We can count on the development of bitcoin, but do not judge it wrong. Even professionals make mistakes, so you should not assert it. |
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I really feel sorry that I only know bitcoin when it's at $ 900, BITCOIN is too strong, if I invested in it since it was born, maybe, now I'm very rich. And now, it's still a good place to invest, take advantage of it. |
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Economically it would lower a countries capital because millions of investments from millionaires are not going to btc, so yeah i think millionaires can invest because they have the money to invest and who wouldnt want it in the growing price of btc? i assume in time many millionaires would say they invested in a cryptocurrency and they got rich without doing a thing.
It will not lower the capital of a country, but it will leave great risks to that country, if the bitcoin grows, their country will also grow, but if the bitcoin collapses, the economy of They are severely affected, they will lose a lot of money. |
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You know I've been here for 3-4 years now, and I have seen Bitcoin rollercoaster from 700$ down to 100$ and now back up to 2000$. A very interesting rollercoaster indeed.
I was a Bitcoin purist, thinking that Bitcoin has to be what it was coded for, this meant no hardforks. Yet I have realized that this is a very closed-minded position, and very dogmatic.
It seems like everybody here is dogmatic about this, you think you are very smart and you know things better, it's just pure arrogance. And when anybody has a dissenting view, they get marginalized or maybe even banned.
I had an ignore list of 50+ people who were shouting very hardly that Bitcoin's current path is unsustainable. And instead of hearing their opinions, I just ignored them, because that is how an intelligent open minded person behaves.
From my point of view they looked like trolls, just like some pesky mosquitos trying to annoy people. This is how arrogant I was in my belief in the small blocksize.
But now seeing that the transaction fees are 30$, I have utterly changed my mind, and I really hate myself for used to believe otherwise.
It looks like guys like franky1 were right, the 1 MB blocksize is really a piece of shit limit. The fees are now higher than for international bank transfers.
Can you believe this bullshit? A bank transfer that goes through 1 million regulatory loops, and it's inefficiently processed in 4 days costs less than a decentralized P2P payment system? It's utterly disgusting. In fact if the blocksize is not raised, maybe it will take 4 days to confirm/settle BTC transactions too.
And even the idiots who said that the nodes would be burdened if the block size were increased are just pure idiots. How is that possible if the price is 2000$ and they can earn huge revenues from mining or whatever other ventures they do.
I used to ridicule 2MB blocks, but now I believe maybe a 8MB block is not even a big deal. If you can earn 100$/month net income, what the hell does it costs you to buy a 1 Terrabyte harddisk for 40$? It would just be 35 GB monthly, your 1 TB harddisk would last you 2.38 years. Out of the 2356$ you would make in that time, that would only cost you 40$.
It's ridiculous how cheap storage is, and it's even more ridiculous that the transaction fee for 1 fucking transaction is now almost higher than 2.38 years of storage cost with a 8MB block!
I understand what you say, but it's just the risk, currently, segwit is being considered as the best way to solve every bitcoin problem. But, as far as I know, they will choose 2mb segwit, not 8mb. Do not worry about it, bitcoin developers will find the most logical way to develop bitcoin. |
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Be patient, it will be confirmed soon, do not worry too much, this will not happen for a long time, it will soon be fixed. Developers are preparing a 2mb segwit for bitcoin, things will be faster, so keep using bitcoin. |
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Let say I'm an individual that want to help the bitcoin transaction ecosystem.
Is there any way I could do so to help bitcoin users to accelerate the process to reduce in any way the maximum block height ?
There is for sure the segwit that seem to work for a couple other cryptocurrencies, and a centralised project called bitcoin unlimited that could benefit a precise pack of people around it.
Is there any other cases that I could do as a regular user, passionated by Bitcoin and every other cryptocurrencies, to help and move upward ?
Thank you
At present, 2mb segwit is considered the best way to solve this problem. Larger volumes along with decentralization will allow for fast, low-cost, high-security transactions. |
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