~snip~
bitcoin is good but it is only a prototype and [1]there are many other cryptocurrencies which are stronger and better. [2]Bitcoin will soon be replaced when the world accept crypto as a form of payment and currency which is used over the world. However, right now, Bitcoin is still the king of the hill
[1] How come there are no cryptocurrency that have replaced bitcoin yet when they are "stronger"? By stronger, you mean more support. And by more support, that will be seen at the price since investors are the ones that supports a coin and makes it strong. Bitcoin is the strongest coin as of now. Just by looking at the market cap, all other cryptocoins are far behind. [2] When the merchants has finally started accepting cryptocurrency as a form of payment, what coin do you think they are going to accept? Yeah, that's right. It's bitcoin. So there's no way that a crypto coin will come out of nowhere and take down bitcoin just because people have started to accept cryptocoin as payment. |
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There is a possibility but I can say it is very slim. People will always use the currency issued by their government. No matter how good Bitcoin is, people will still believe in the currency that is supported and endorsed by the authority. Even if Bitcoin had been approved and acknowledge as currency, I still doubt that it will replace fiat.
But isn't bitcoins already endorsed and supported by the authority once it has been approved and acknowledged as a valid/legal currency? Because that's actually the point why did the government approved it in the first place. With all the international or long distance transactions going on every single day, I believe that bitcoins will take over most especially when the government has approved bitcoin as currency. Even without the government's approval, bitcoin still has a chance to take over because of the same reason (people are sending money overseas/long distance more and more). Fiat money is a big power backed by government, bitcoin simply cannot replace it instead of become an alternative currency which used for send/receive money overseas, useful only if you send it pass through your country to another which use bank service or remittance require higher fees and some documents to fill. If I want to send money domestically inside my country, using bank service is a better idea and it's free or cheaper than bitcoin. It is supported by government. But it's not "backed" by it unless you meant something else than what I'm thinking. When you say fiat is backed by gold, that means any fiat is equivalent to the amount of gold available and you can exchange your fiat to gold right away. So if you say that fiat is backed by government, can you exchange your fiat into a government? Definitely not.
~snip~
but in future we can expect that the government will start thinking about bitcoin to consider it as legal currency of the world.
With Japan and the Philippines (and other countries that I haven't read of lately) accepting bitcoins as a legal payment method to pay your bills, etc. I'm pretty sure other countries, especially the major ones (i.e. China, Russia, America), have already been considering accepting bitcoin as a legal currency. |
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I think we can start explain bitcoin by tell them that bitcoin is like other international currencies dollar, euro and many else. They will understand and you explain more about bitcoin.
and what is to be done if they asking "why we couldn`t mine dollars like bitcoins?" Because they are not exactly the same thing but they have similarities in their use. Both of them can be used to buy something that has a price. We can't mine dollars because dollars are printed out, not mined. Definitely you can print out more dollars if you're the government. Otherwise, you're gonna have to work to get dollar just like everyone else. The same thing applies to bitcoin, if you want more bitcoins, then get a work and be paid with bitcoins. |
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~snip~
Well, i couldn't agree more with you above. It will be great.
[1]But when we see from local businesses eye, all of your suggestion will considered if the around society also use bitcoin and don't mind to use it on real payment in real life.
[2]For me as bitcoin's user i like if i can use bitcoin to pay or buy something without changing it to my fiat first. It make me more easy using bitcoin.
[1] - On the contrary, there's not much people in the society using bitcoins. There are theories that as humans, we tend to copy other people. If everyone else is using bitcoins, eventually you'll use bitcoins as well. But we're not at that point yet. We're still at the starting point where the growth is the slowest (with exception on other things of course). The case today: People are going to use bitcoins when they read about it online and got interested about it. Not because the society is using it already. [2] That's every bitcoin user's dream. To use his bitcoins for payment without requiring to convert it to fiat first. Sadly, there's not that much shop that allows that. |
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If i get 40$ bitcoin every month, at first may be i'll hold all of it for several times. I do that because this is time when bitcoin's price relative going to high. For me better to collect it until enough amount while creating plan to trade it.
Slow down and read the thread. It's 40$ a day not every month.
I will go for gambling and try to make quick money from it and who knows if luck comes in my support then I can even make $400 out of it in a single day and if it really happens then I will invest those winnings into altcoins to make profits in future and it will also decrease the risk of loosing.
This is the thing about gambling that makes people hooked. It gives us the illusion that we can do anything in this world "if we could just make quick money from gambling." In reality, you'll try and try to earn money from gambling but you'll never win. Just looking at your post, your thinking has snowballed from "trying" to make money from gambling to trading altcoins using $400 that you've made from gambling. You haven't even placed a bet, but you already have fantasized what are you going to do with the money that you'll win someday. |
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Hi,
I used to log in to my Bitsler account using the two factor authentication, but I reset my cell phone and lost all codes in my Google Authenticator. How can I reset, or log in to my account without using the 2FA?
Is it possible?
And if not, how can I recover my account?
Thanks!
That very same thing has happened to me back then. 2FA just vanished out of nowhere. I wasn't even using my phone that much to accidentally delete the 2FA on Authy. I just PMed Baryom in here and all was solved.  He removed 2FA on my account and then I just activated it again. Never had any problems ever since. |
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I'm not attracted to Bitcoin in its early years, doubts, lack of interest and negativity of the sorroundings are factors that affected me. In 2016 a friend of mine told me that he's doing a part time job using Bitcoin. It's not the money that affects my attraction but the amusement that "seriously they are using Bitcoin as a part time job". I've researched a lot about Bitcoin again and found that it really has the potential to be the world's money reserve.
Attraction is something that envokes your interest. Beauty. Skills. Unusual things. A powerful computer. A BMW automobile. People are mostly attracted based on what they see. You can't see Bitcoin. It's there in the space traveling by means of frequency. Like the goodness in people, Bitcoin is subtle. By the hard-work of programmers and the people who believe in its potential we've created a subtle money. It's rarity and different attributes to the world is what makes it more attractive for me.
True. You don't have to physically see bitcoins in order to end up believing in it. You simply have to see the charts, and the community that supports it. Just like all the other shiny/valuable things, bitcoin only attracts those that see beauty and those that don't fully understand bitcoin just randomly throw shades at it. Bitcoin is something that has changed the life of many. Namely, the people from third world country. It's funny when you sometimes see a post in this forum that has some words that aren't in english. The guy probably used google translate to do signature campaigns. It's a clear sign that some people here believe in bitcoins and never doubt that it will help them get out of poverty in no time. |
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Bitcoin cannot easily steal from you and even cannot be deprive from you.
Bitcoin can make your life at ease and safe.
those people who don't know yet about technology , or non computer savvy might would found bitcoin more complicated and not even safe for them. a little example when so far there's a lot of people used third party wallet which basically the company holding your privat key which means they can run with your money anytime. it's simple and basic knowledge actually but still a lot of people don't know yet about this kind things. I honestly don't trust online wallets but I still keep on using them. The reason for this, I think that my computer is secretly infected by virus or at least that's just how I feel. The only time I'm going to switch to desktop wallet is when I get a new computer or if I reformat mine. Besides, online wallet is the only way we can get our money transferred to the banks. I know I can also use cold wallet but that would still require me using my computer to generate the private key and the address. Anyway, blockchain.info seems safe to most people. That's way better than other online wallets, imo. |
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There is a possibility but I can say it is very slim. People will always use the currency issued by their government. No matter how good Bitcoin is, people will still believe in the currency that is supported and endorsed by the authority. Even if Bitcoin had been approved and acknowledge as currency, I still doubt that it will replace fiat.
But isn't bitcoins already endorsed and supported by the authority once it has been approved and acknowledged as a valid/legal currency? Because that's actually the point why did the government approved it in the first place. With all the international or long distance transactions going on every single day, I believe that bitcoins will take over most especially when the government has approved bitcoin as currency. Even without the government's approval, bitcoin still has a chance to take over because of the same reason (people are sending money overseas/long distance more and more). |
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We can make more money by doing investment and other kind of source of income like doing freelance online and do trading altcoins or bitcoins. We can also make more money by joining in signature campaigns, investing in ICOs etc. Actually there is a lot of things to choose in making more money we just need to explore this forum or the web search engines because the answer is always there and no need to hassle because all you need is internet and browser.
Doing like freelance online job is good but sometimes the payment is really low than the real job. I think the best way to make more money is get a job in real life and work hard to get promote. Once you get your salary, you can invest your money to make passive income and repeat it. One day, you can take all your money and maybe you can open a business by yourself and become entrepreneur. It depends on your country. In some countries, your better off working at McDonald's instead of exploring things online and offering service to strangers. In other countries, it's much better to do freelance job because there's not much job offer and if there is, the pay rate is really low. Your salary from your freelance job will depend on how much customer you get and how much you charge them. How much you charge them depends on your skills and equipment. There's a lot of factors to consider before you decide if freelance is better than your day job but it's mostly about your area/country. |
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buying is easy, but you must know when the price drops and the right time to buy.
He have to buy them from now if he want to get the benefit from the price of bitcoin as the price of bitcoin is in the upward direction and no one is assuming the price of bitcoin to drop down again. In the coming future the price of bitcoin will increase more high in value so it is beneficial to invest from now as much as possible. Everybody's assumption is irrelevant to what's actually happening or at least our assumptions can't affect the price of bitcoin. Everyone's thinking that the price of bitcoin will never go down because most people either don't want to face reality or is too optimistic to see the reality. What market is never going down? There will always be a market correction and dumps will always happen. Everyone says that the price of bitcoin will increase even more in the future but no one actually knows that. No one can confirm if the whole bitcoin things is actually decentralized or there's just a group of people making money out of all this. I know that the sleep of reason creates monsters but obviously, we can't confirm all this. |
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Out of curiosity, as bitcoin is decentralize and not-controlled by anyone then who will be in position to make decision about the bitcoin banking scenario. What would the action steps if something goes wrong like fraud? And who will take necessary actions? How they will tackle inter-country scenario where defaulter is in a country which does not recognize bitcoin as asset or currency? Have we thought about it?
How to stop bitcoin bank from being next mt. gox?
No one. And that's the reason why bitcoin is used in the black market. Even if they are doing something illegal, it's alright because it's relatively hard to trace you. On the other hand, if a fraud or a scam happens, you can't do anything about it. Some people prefer doing transactions in this place because there's the trust rating. A hero member will not ruin his account for something much lower than the cost of his account. No one will take necessary actions to chase the fraudster. You have to take care of yourself and be smart for yourself. No one's going to save you from the consequences of your careless actions. If you get scammed, then you're scammed. There's no refund. |
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Trading is not gambling because gambling is a game for entertainment and trading is business and investment.. Trading is a good choice to invest and it needs to study in order to make a good profit.. that is why people are losing in trading because they are deciding a wrong decision.. investing in altcoin is very risky.. much better to trade with bitcoin every time the price is increase set your own margin.. try this site for analysis https://bitcoinwisdom.com/markets/bitstamp/btcusdIf you can see the right side you can see wall for buy and sell.. and the movement of trading is fast. not a movement of fluctuate.. much better to stay in bitcoin the more you invest the more you can make a good profit.. Hey sir i may be a newbie but i already tried little of trading and been focusing on alts,I just want to ask or to know why is that alt coins are more risky than trading BTC?well i just want to clarify because most of the people suggesting or endorsing to me is that trade alts and i've already heard that its risky but i cant figure out why is it more risky than trading bitcoin? Because bitcoin has a much more solid foundation than all the other altcoins. You can't do long term trading with most altcoin at all because the coin was made for the sole purpose of the developers making money and for the early investors to dump the coin right away. Most altcoin campaigns also offer bounty in here and all of the participants choose to dump the coin right when they got it. Bitcoins, on the other hand, a lot of people are here for the long term. Even if some whale dumps his coins, it's alright because there are people that are willing to buy more bitcoins when the price goes down a little. It's like they are catching the coin whenever it goes down so it goes back up in a short period of time. |
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Some peolle hates HYIP as they think it is a ponzi, but in before I doubled my bankroll, so risk dude risk.. Risking will make you rich.
Risk?? Do you think you could earn with that always? Do you also think hyips will make you rich easily? Well your mindset their mate is very wrong since hyip is not a real business they intend to scam only and surely they doesn't want to make other rich since they want to harvest some money for theirselves just leave hyips men believe me theres no better life we can get from them Only way for HYIP to make you rich is to be the guy that runs the scam site. If you're truly all about risking money, then might as well gamble your money because HYIP takes you 30 days or so before you can ROI. In gambling, it takes you literally a second to get the results (although it depends on the game, obviously). Most people that I know that have made some money from HYIP are those people that have done a really good job promoting their referral link. Some use their own blog site and some just spam all across social media platforms. |
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it is hard to get it, but you can try trading but it is risky  Yes trading is risky but not as risky as those investment site that only 3 days of operation it will lead into scam. I would rather enter into trading cause i know i can profit on it not like investment site which has no guarantee that you bring your money back If you know you can profit from it, then you must be either clairvoyant or you have really good trading skills. It's basically the same thing, there's no guarantee that your money will generate profit. Even experienced gamblers lose money and they always say that you should just reduce loss rather than chase profit when you're just starting out as a trader. This amount of money can only be done from trading if you already have a decent amount of money to trade (i.e. 1 BTC to get 1 BTC) or a little less than your target. Anything far from your desired profit will be a little too hard to do. |
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Do you intend to increase the fees? Your prices are too low.
Secondstrade changes their payrate depending on the price of bitcoins. The price will increase when the exchange rate of bitcoin to USD (or fiat) decreased. It's low now because the exchange rate of bitcoin to USD is high. |
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hello sir,no new enrollments this week? when open again? You wait one more week, that's the thing you can do for now or you can try to apply in some other campaign, because our campaign manager here visit this forum once or twice a week I think. No new enrollments meaning all of the people that tried enrolling didn't pass Lutpin's standards. It's not that because the campaign is closed. You can wait for one more week, yeah, but make sure that when you enroll again, you have a much better posting quality. I disagree that your manager, Lutpin, only visits this forum ones or twice a week. He's always online. |
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Signature campaign can serve as means of earning some bitcoins, particularly people from developing countries where the local currency is lower compared to a US Dollar. Earning $10 BTC weekly is much there and this money can be reinvested for trading, This will surely grow the Bitcoin.
Gambling and ponzi schemes are very risky it will reduces already hard earned Bitcoin.
Someone here in the forum said that earning about $15/ month is enough to live in venezuela. Joining a signature campaign like yobit makes a person earn more than $40 a week if he just posts 20 a day. 20 posts a day is pretty easy with such motivation, you can probably buy a house there if you trade more. cost of living must be a very good for a retiree in that country. The place is warm too. Growing BTC isn't as easy but learning the skills to trade can be achieved in less than a month. You went from $40 a week to buying a house real quick. Let's say that I start trading more, I wouldn't necessarily buy a house (at least not right away). It will take a long time for me to ever be able to buy a house since I don't have that much money. Only people that can buy a house from trading are those people that have tons of bitcoins but it goes without saying that those people are able to afford a house even before they started trading. 20 posts per day in YoBit is not that easy unless you have no life and you it's alright for you earn very little for spending hours online thinking about what to post. |
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We cant blame people that they still cant digest the information about bitcoin. Paper money is the traditional way of exchange. Its longevity and its existence is unparalleled compare to other money. That is one of the main reason why people still believe in paper money than in bitcoin. People want to believe in something concrete, something that last and paper money is the closest value of exchange that have that kind of characteristic.
Funny how people think that fiat money is real when it isn't. It doesn't hold any value since the Nixon shock. Gold doesn't back up fiat anymore and so fiat is no different than bitcoin at all that is all digital/virtual. The value of it is just how much people are willing to work or pay for it. Fiat is not directly convertible to gold anymore. I sort of disagree that we cannot blame people if they still "can't" digest the ideology of bitcoins. It's just that, they don't want to. We are just normal people and we were able to understand all of these because we allotted time to do so. |
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I went with 2-5% but that's being optimistic, realistically I think bitcoin ownership will stay under 2%. Even if bitcoin ownership increased by a magnitude of 10 it would still be less than 2%. We are still in the early days.
maybe I will be optimistic bitcoin users would probably only reach 2-5% of the total world population. if you want to see 90% of the world population using bitcoin. it will take the next decade That number is too optimistic, when half of the human population have problems accessing water when one third don’t have electricity, I don’t think we are anywhere close to reach a number like that, if we reach one percent before this decade ends we should consider ourselves lucky. electricity and the Internet has become a major requirement in the world. so I think it will be developed to become more sophisticated so that electricity and the Internet will continue to exist so believe electricity will not be cut off in the future Electricity and Internet come hand in hand. If there is no or little supply of electricity in your country then basically Internet is also limited then bitcoin used is limited as well. So the number of bitcoin user correlates to countries that consumed a lot of electricity. My guestimate is that bitcoin users will more likely around 2-10% for me. I agree with some saying that bitcoin is still in its infancy, so its still young and needed to grow more in the coming years to reach its potential in year 2020. I agree, I think that Bitcoin's adoption by 2020 will not result in it magically being a mainstream currency and my view is that arguments for Bitcoin becoming worth a million dollars or something are nothing more than weak hyperbole and a facade of optimism. The usage couldn't be more than half because less than half of people have regular access to the Internet. The people who will have good enough Internet will be much fewer than that, and beyond that a lot of people with stable currencies will not automatically turn to Bitcoin if they are in countries with stable enough currencies that they feel are better for spending in their everyday life. True. Why switch when you're currency is good enough? There are some people that I talked to on Slack that are converting their fiat money into bitcoins because they are using it as an investment and because they use bitcoin to pay for services/goods online. The people that do not know what bitcoin is will not go to trouble to learn all of these because their current situation is good enough for them, obviously. Most people that have an online job because of bitcoin is from third world countries wherein the minimum wage is just a couple of dollars. Online job is far better than doing hard labor for the whole day and earn less. |
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