At the moment you don't even need to communicate with investors. You can buy bitcoins and keep them anywhere without investing. Given that the price for them is constantly increasing and it will be the income from your investment. In the short term it is beneficial, but in the future I'm not sure. The main time to stop.
I am not sure where you are going here in connection to the topic, but this may be relevant in terms of how bitcoin has really affected the way people invest online. People can just buy bitcoins and just let the prices grow, depending on when you bought it, it could really be a good investment in the very long run. Yup what he said is a little blurry to me too, but for sure he has doubt in BTC. Well I have doubts in the first place too but BTC is more than that, economists won't predict the price to be higher if BTC don't have that potential, of course we're having some issues on fees and transactions and I'm hoping before 60% of the world population use BTC this issues won't be an issue anymore. It is a system and no system is perfect but we're trying to make one Cryptocurrency that can be close to perfection. We have the alt and we won't ignore anymore in the near future if BTC is on its dying age. Right. There would are alts right now thatbare being primed ti take btcs place if ever it crashes like eth or ltc but with the way things are currently going, it seems btc is going to be there on top forbquite a long time. For long term investments, i'd put my money on bitcoin that's for sure. But alts are a very good option for short term. Day trading with altcoins can be pretty profitable and a lot of people are already making money from it. |
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Bitcoin from the beginning seems to be growing with potential. In between Bitcoin faced several criticism and oppositions from people as well developers. It overcame all the issues and now this has been becoming more and more popular. So the self growth is the one that has kept it successful which is because of the technology behind it.
Nope. Bitcoin is yet to vanquish all its issues. Many flaws yet remain with just temporary solutions. We need to fix these barriers. As time passes the barriers might get stronger and we must act faster to get a solution to all kinds of flaws. Bitcoin has it's own power cause no one controls it. Hopefully it does. As btc becomes more and more popular, of course the demand increases thus raising btc's stock as the primary crypto we have today. This is what gives btc power for me and these issues may become hindrances that devs need to resolve soon. Btc is already moving in the right direction and hopefully it sustains it's current run. |
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How it is possible to trade with bitcoin nowadays when the price is just higher and higher?  I am wander of how many amount bitcoins you trade with? And does it bring really good profit to you? Exactly, I likewise had doubts about the OP after I read because for the past few months there hasn't been any major tumble except for last week so I'm wondering where and when he bought them and how many because nobody will risk 2000$+ to buy bitcoins without knowing whether it's going to fall or rise so come again OP? In general right now, i'd say btc is not he best option for trading because as both of you said, it's not making any considerable movement lately hough if you're a day trader and have a lot of capital, you can do with the small chamges with the price daily. Though i prefer to just stick with holding my btcs and trade with lesser altcoins as the movement is a bit more agressive. It's just risky than just being steady with btc but if you know how to make predictions based on the graphs, you'll be able to make decent to big profits |
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Maybe thats the cause of this current number of bitcoins users specially bitcoins miners is increasing right now,i have read on some groups that almost all of them go invest in mining because they here that bitcoins price are rocketing now
I don't think that they are into bitcoin mining because if you are a small time bitcoin miner wannabe then bitcoin mining is not profitable and you can just try ethereum mining which is profitable as of now and you can get the ROI of your investment after at least 6 months which is not bad for an investment and after 6 months you are just receiving full profit. I guess you are both right. There are increase in miners numbers, but i think that most of them will just quit because of low mining rate, or to high difficulty. Also rising of bitcoin price is connected to an number of users, which jumped when Japan started to use bitcoin, also i have heard that Australia will start using bitcoin too. Which mean another price jump. Right. We're all expecting the price to spike up once july enters because of this. I also agree that it isn't because of miners. Btc mining requires a lot and you have to shell quite a lot of money for you to have a decent mining system. The price depends on the users and if you look at it, when the price of btc rose, it rose consiatently because a lot of people rose that price hike and jumped in |
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I have seen how bitcoin has created great employment and many investors are make millions from bitcoin annually. I read a story of a young man who invest $1,000 in 2011 and now his investment worth over $880k. Young people investing bitcoin is the only they can get financial freedom.
yes bitcoin is the only sources of income which provid independ life. Now a day every young people use bitcoin and bitcoin full facilitate him/her and thier families they earn alot of income from bitcoin ans invest more money and gain alot of profit thats why young people more attract to the bitcoin. Yeah, I watched a video about that and I envy him for knowing bitcoin at that time. Bitcoin’s price was the lowest at that time and fewer people knows about bitcoin then. He is indeed smart for choosing to invest in bitcoin at early age, he risked his money without the assurance that it will grow. He believed in bitcoin and bitcoin gave him a gift for that. Now that bitcoin’s price is over 2000 USD, it is very hard to buy bitcoin and I really do wish that I have known bitcoin when it is affordable. Now, I am trying my best to earn bitcoin. I saved all my earnings to be able to invest someday. Those people who were able to buy and keep btcs from back when it still at its lowest made a risk and the risk they did proved to be a good gamble. It could've gone either way and they may have ended up losing money had btc not proven to be this successful. But i think it's not too late for us who've just discovered btc recently. Though it may not be as big as for as as for those who started earlier, more and more people are now jumping in which means there's a big chance we could still earn a lot. |
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Almost all people here heard about bitcoins is because of money matters, like online earnings, makes money online and many else. I also same like you guys, when i search on google how to makes money online easily, i found an article about bitcoin on that day and i start to learn about bitcoin.
I heard first about bitcoin from my friends they told me about the importance and progress of bitcoin .than I search it on internet and I came to that point that bitcoin is a reliable way to make money and we could invest in bitcoin safely . the world is going to digital and bitcoin will be its need. yeah there is a lot of people get awareness about bitcoin through their friends i also get awareness through my friend and they guide me about bitcoin and then i join this forum to get more information about bitcoin now i personally using bitcoin for online transaction. That's right. It's different if it's coming from someone who's actually had experience wih btc already. I've read about btc a couple of times and honestly i didn't have the slightest interest in it. Thogh after a friends showed me his earnings through signature campaigns and trading, then that made me interested in it and asked him to teach me about btc. I can say i've gone a long way from then and i'm thankful that my friend taught me about it |
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Explaining its certainly difficult to understand by kids, we must teach while the practice of collecting bitcoin for example by teaching kids to join bounty bitcoin, such as twitter bounty, after collected then kids will more know.
I don't think it's a good idea. Teaching kids should be academically related. This field I think is necessary for teens and adults only. Kids must think their education first before earning so that they can focus more in bulding their mind first. Agree with you, i think it's not the time to give this to the little boy. Because it is not the time for them to work or understand the troublesome. They should learn in school instead of work. So I thought it would be better if you did not explain the bitcoin to him For me it is not good to teach kid about bitcoin, its better to teach them their lesson in school instead of bitcoin because bitcoin is a work its not easy to learned bitcoin. Studying is important to the kids because at their age they set there mind in playing not working in bitcoin. We can teach them at the right time. I agree with that, kids surely are capable to learn new things easily but that doesn't mean that their undertanding can cope up with that. Crypto currency will be too much for them. Also, cryto currency is not just about bitcoin and earning it. We all know how broad this topic is and that it also comes with the need to have an understanding about economics and its system, politics and etc. Kids are not ready with that kind of learnings. Kids must experience first how to be young and enjoy at that age. There will be a right time for them to learn about bitcoin. Though i don't see anything wrong with teaching kids about btc, i also don't think they have the interest to sustain a study of this. If it's a challenge explaining btc to adults who are just hearing btc for the first time, imagine how it would be for a kid whose interests are about playing games and watching cartoons. I don't think this would be a good idea. |
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My dream is to become rich and i believe with a help of bitcoin i can achieve my dream in the near future, i just need to work passionately and wait patiently for that time. i will hold bitcoin until the price of it will make more money for me.
Bitcoin's already made a lot of people rich recently and if you have the capital to get many more btcs, i think investing now wpuld be a good way to start. Also, trading is a way to make people earn a lot if done strategically and with proper preparations. Currently that's my target. I'm starting with .5btcs with trading and is now at almost 1 whole btc. I guess that's a good start to becoming rich. I don't plan either on spending btcs and will wait for the price to still grow more |
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I think the value of bitcoin in the market will not decreasing, because the value it self is in demand in the market. But we never know what will happen to the price of bitcoin for this passing day.
It may take a very long time time before we see btc again below 1k. Those people who just jumped into bitcoin when the price was skyrocketing would be panicking if they see that scenario though i think this year we're nit going to go below 2k. Many people are uaing btc right now and the demand has increased a lot since last year so btc is safe from a price drop that low |
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I don’t think it will be happening soon. Maybe in the future it could be, but not other currencies. Right now, it only replaces dollar when it is converted, but Bitcoins is converted to dollars as well so the use of dollar is there.
And i don't think people will be used to amd agree to making transactions with crypto. There will be a lot of people who will oppose even the idea of this. We've been all using the dollar or fiat for suh a long time that having a replacement would most likely cause chaos. Especially if the one to replace it is not fiat. It will take a very long time for people to get used to crypto. |
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In our society we got used cash as our transaction. We trained to use it as our money especially when buying things it is more easy to use than digital money. People are got used in cash thats why it is hard for all that cash will be remove. So, it is so hard for us a cashless world. We should fear a cashless world because many people are poor in knowledge about technology.
. You're right dude. And the requirements of a cashless society may not be available for the lower levels of society. It's not as if access would be given freely to all people. Of course there will be terminals used for cashless trnasactions. We may need cards, stable internet snd all that which is of course readily available for people in the higher levels but those in lower tiers, it would be a challenge if we go entirely cashless |
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You can double the amount of Bitcoin when you wait till the conversion is higher before you cash out or transfer your Bitcoins. You can start by saving it and then wait till it grows. Some could join investing group on Bitcoins that doubles their money after a year or more. Some could doubles money after a month, if the investing company or group promises that way. Surely, there will be lots that will engage to that if that is too fast to achieved.
Joining those investment groups are not entirely reliable as it would be hard to find which of them are legitimate. A lot of these groups will be scams and the people who invest late would most likely end up with nothing. Saving up btc would likely be able to double your money but as we all know that may mean holding your bitcoin for years. Trading then for me would be the easiest way though quite risky. You have to do a lot of preparations in order to make your trades work. |
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For me it is better to invest money than to save money because in investing is you can earn profit and make your money double. In investing is a good idea to invest your money because it will grow fast. In investing you have more opportunity and increase the value. Before you invest you will be wisely and it will better return. Investing is much better because of its profitable and value and it is use as the future of our family. Investing is better than savings and investing is safe and surely. Investing is a wisely and investing money is much easier.
For me it is better to invest money. Because if we hold it or save it we will be tempt to spend it. But if our money is in the investment we will lesses the chance that we will withdraw it . But if you want, you may save a bit also. It will have a profit also as time goes by because bitcoin will be huge someday. Why not forget about juay doing one and save whole you're investing? Most successful businessmen both have savings and invesrments. These two have benefits and liabilities and if you have both, you'll be able to negate the other's liabilities with the benefits if the other. Be smart. These two goes hand in hand for anyone to be successful |
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Like what we are experiencing right now,huge fees and slow as fuck transactions from time to time even if you put higher fees in your transactions,but the most dangerous thing bitcoin may go in is competetion against future coming coins
As of now many people experiencing slow transaction it takes more time or few days before the transaction confim and thats very sad because before you can wait only few hours or 30 minutes before you can use your bitcoin. And the transaction fee as of now its very high its more than 100,000 satoshi compared before the fee is only 20 ,000 satoshi. But I love bitcoin because the price is veryhigh and I think ut will reach $5000 in 2017. I think the transaction fees for btc moves along with btc price. So the higher btc price goes, we may be able to see transaction prices rise as well and the more people using btc could probably mean slower transactions. Unlke before when it's almost instant when btc is still not that popular. Hopefully those can be taken care of as this can make people look into other currencies with lower transaction fees |
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Have you ever wondered how would the world's economy be like in the future as a cashless society? Perhaps, with the increased traction of blockchain acceptance nowadays, could lead to the creation of digital fiat currencies powered by blockchains that are managed by governments themselves. With this in mind, there would be no need for physical cash, as digital fiat currencies would provide many advantages such as quick settlement, global payments, full transparency, implants use on citizens to make payments, and more. If this becomes a reality, which I'm sure that it will, it would radically transform our lives for the better and reduce criminal activity as a result of the full transparency and auditability that a digital fiat currency would have thanks to the power of the blockchain technology. Also, it makes me wonder if cryptocurrencies like Bitcoin would exist by that time, or will they co-exist with digital fiat currencies. Nevertheless, I would like to know your opinion about this.  It's going to happen eventually. In fact, many of our transactions are already cashless because of credit cards, debit cards, checks, PayPal, etc. Many of us also have our paychecks direct deposited into our bank accounts. I also use my bank's bill pay system to pay my bills so I don't even needs to write checks any more. Yes that's true but cash is still very dominant. Especially for micro purchases. I think that a cashless society is possible if cash isn't as convenient anymore. Cash is compeltely untraceble whereas every transaction that you make on the bitcoin chain is logged. So in that sense cash is still more private and more convenient so the majority of people will keep using it for atleast another decade. It's true that cashless has become more.convenient with a lot of transactions but i doubt that we can be exclusively cashless in the future. I think it would continue to be how it is today. We'll have transactions with cash and transactions that won't need cash or online transactions. For simple purchases daily in small stores for daily necessities, i think cash would still be used. |
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Do not panic if that happens, because it could be bitcoin prices will rise back quickly. Well, maybe a lot of panic if it happens, but, you have to be one of those who can withstand it
You're right. Panic time would soon be regret time when btc recovers and goes up even higher. Though i think the price you're going tonbe selling it today is still pretty decent for profits if you've been keeping btcs for a long time, the possibility of earning way more would be lost to you if you panic sell. And when btc recovers, it would be more expensive to buy that time. So just relax and don't panic as btc will eventually be more profitable in the long run |
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What do you think about the fact that cryptocurrencies will literally be the future ? In a few years, it will exploded and, be rich if we hold many ?
Yes, but the question is which of them is better to hold? There are literally hundreds of active altcoins around, more than 8 hundred to be exact, and probably dozens of them have a great potential, but it's hard to say exactly which ones. Nevertheless I'd say that choosing top 5 from the coinmarketcap won't make you lose. The question of which altcoon to choose should be easily answerable. If crypto is the future, bitcoin will very well be at the forefront of tbat revolution. I don't think any other crypto would catch up with btc anytime soon. Even eth, which has been a far second for a long time, doesn't seem poised to pass btc. Though it would be good if you try to make money from both and all other lower alts |
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It seems to me that this year we do not see. The price will be around 3000. It is possible that bitcoin will get legal status in any leading country then users of other cryptocurrencies will switch attention to bitcoin and this can lead to a sharp rise in prices.
yeah in this year the price of bitcoin is not seems to reach 4000$ because it is now below the 3000$ and i think if the price goes very up then it will reach 3k$ and yes it always happen that when a country legalize the bitcoin so it effect on bitcoin very positively and its price become very high. but i think that it can be possible that bitcoin price will rise to $4000 in this year if bitcoin rise from $1200 to $3000 then why its impossible i am sure bitcoin will increase its price to highest value in this year about $4000 . All in all, the price may start rising again or the price will settle around $2500 within the week. For most traders, that is just fine, since it is still a huge increase. For those that popped into the market recently, this could mean a loss. Yeah for people who held btcs since last year this would already be a profotable price where btc is steady right now. And we can probably get to 4k late this year or early next year if evrything goes smoothly same as how it was last year. Btc has been inceasing in value annually and that trand seems likely to continue til 2018. |
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Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?
In my opinion there's a small chance that US dollar will fall because it is mostly used than any other currencies in the world so what are the main reasons that people will make US dollar disappear. What if usd will really gonna fall ? Maybe this is the chance of bitcoin will become legalize and declare it as a real money in the future. The chances right now are slim that the dollar will fall more so that it will be replaced by a cryptocurrency. The dollar's overcome a lot of hard challenges in the past and would probably do so again a lot more times in the future. And if in the scenario that the dollar crashes, i'm not sure btc or any other crypto can move to the plate as another fiat currency is more likely to take the dollar's place |
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Nope, not yet. We can still say that it's quite strong compared to other cryptocurrencies but it can still be hardly called a "currency" by some people, despite being recognized by some countries as legal. It still haven't even reached the consciousness of many people. For some who do get into it, it's more an investment, rather than a currency being used.
many people don't see bitcoin as a currency yet. Right now it's a way of earning money and i think in the next couple of years, it will remain that way until the price of bitcoin stabilizes and then it may be considered as a real currency in the likes of dollar and fiat in gemeral. And more people are now already aware of btc not just few. |
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