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Then the competition for all of us will going to be tough enough as that is going to add a lot of users if this is going to be implemented. And for sure many people are going to start up businesses with bitcoins so if making bitcoin is going to be a legal currency to a country then that is going to boost the whole bitcoin industry.
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Maybe cause traditional currencies are very old, they have big markets, banks, government and private sector are using it. In last 15 years we saw some econ crisis, so traditional currencies are also vulnerable. They also don't worry about demand, everyone is asking constantly for more, that's why they are printing more money each year.
Bitcoin depends from demand, and demand for bitcoins is changing. Also we need to consider how many people in this world are using traditional currencies and how many people use bitcoins.
But printing more money is not going to help the economy of a country and that is just going to make their currency very low valued money. And with bitcoins, because of its demand and limitation it is making itself to increase more and change it price daily accordingly. And when someone bought volume of bitcoins that is going to have big affect in bitcoin economy. |
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No one can answer this correctly however i think atleast 1% or almost near to that of persons who uses internet banking will be using bitcoin by that 2022. But this number may even go higher if few good development as well as few more open minded politician come into power.
The current active user number is less than 1 million. So if the user number rises 50% a year, it will be around 8 million users then. We cannot ensure that the figure is true because in the first place bitcoin is anonymous and any person can create different bitcoin address. So if you talking of 1 million, I think that is too big population for a number of bitcoin users. I guess that is still not enough if bitcoin has only 1 million users, we are a lot of people in this world and I guess if all people on Earth are going to use bitcoins, that is going to affect the demand of bitcoins because of its limitation. For sure that is going to help bitcoins to keep on pumping because many are going to lookafter it. |
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Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
i think if its price had stability for longer time then it became less famouse because many people looking toward bitcoin only for its price fall and up . they always ready to trade with bitcoin price . so stability price factor may decrease the popularity of bitcoin . True, if bitcoins price would be stable i think its popularity would lessen especially to investors and traders of it. Price volatility is the main thing why bitcoin is popular which able for everyone who engaged with it to make potential incomes either on both short or long terms. You have a point if its stabilizes its price those investors or traders would go into another crypto which have more volatile price because price movements makes them money anytime if bitcoin price would stabilize then its not good for trading it and it means less profits. I agree stability of bitcoins price is not going to help for its adoption and a lot of investors will pull out their investments because of it. And bitcoin has been known because of its characteristic that it has unstable price. And I hope that bitcoin is going to keep on rising with that characteristic and not going to go back to its lower price. |
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Of course I do not think that the Bitcoin is going to take over the Dollar soon because that is just ridiculous. Bitcoin is not able to provide so much people with money and if they did the value would go down.
So maybe so where far in the future it will be possible but not now.
It will take several decades for the bitcoin to be the major currency in the world. But it might not take over dollar. I agree with you, even there is a chance that fiat will be replaced by bitcoins but we don't know of when it is going to happen or else that is going to happen 20 years from now. But if there is going to be a good coordination with the government and bitcoin users for sure that is going to as soon as possible to that country. |
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The only thing that i can suggest to you guys is to have a own blog and study seo for organic traffic before you monitize your site it will grow your blog every month depends of your hard until you succeed to reach 1k visitors to your site and you can montize your site. start in blogspot for free before you transfer into wordpress blog.. thats why many people are staying and working for few hours and earn massive.
That is right. But I would suggest to not expect high with blogging these days. SEO is quite tricky now due to regular google updates. Not to mention, that there are bunch of competitions in the market now. What I suggest is to find for a very specific niche in bitcoin and capitalize from there. That way, you can have a chance to dominate the search ranking in that very particular small niche that is not yet saturated. You need to be knowledgeable to be able to do that and you can make it through a lot of research and continues study on your field. Me, on the other hand is not focus on that because that is not my field, the only way I can make a stable income is just thru investing is investment opportunities here in the community. But investment won't give you steady income and to make profits from it you also need to wait for a long time, and may be sometimes if your investment doesn't work then it can be a loss for you. I guess the best way to give you steady income is going to be a virtual assistant or be a freelancer that is going to give you a chance to earn decent because you are employed and hired by a company no matter what is its size, big or small. As long as you hired by them and you have contract agreement then that is going to give you steady income. |
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Both gold and bitcoin are good, but i rather pick gold for now. Because many people already know about gold than bitcoins. Bitcoin is good too, if many people use bitcoin, i will change into bitcoin.
I think for long term gold is better than bitcoin, every country accept gold but not all country accepting bitcoin, that is why gold is better for long term, but bitcoin can act as currency and investment so if you are an active investor you should choose bitcoin You have a point there, in terms of assurance that you will earn gold can give you that but for people with only low investment they prefer to invest with a higher asset which is bitcoin because it can give the fast growth of their money in the future, risky but rewarding, that's how I describe bitcoin. You have high hopes for bitcoins same as others here in this forum which is true and we could somehow assure that its much better compared to gold . Even though gold is also a good asset to consider but the problem is we dont have the capability to make investments with it. You are right as I am also a trader with lower investment and in that condition I only prefer bitcoin not gold because with low investment in gold we cannot earn that much which we can easily earn by investing them in bitcoin. Me too I just trade with very minimal amount of bitcoin and this is not applicable if you are going to make this with gold. Because this is the best thing about bitcoin that even you are going to invest small capital you have a chance to grow it higher unlike in gold you must have a high capital in able to get high profit. |
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people hate bitcoins because they are jelaous to bitcoin becuse it is anonymously and the most popular and really low fees
This is the closest reason why many are hating bitcoins because it is a threat to their developed alt coin, I guess? They are hating to see bitcoins success as what it gets today. Because they tend to think that it is going to happen to their alt coin but not knowing their alt coin is also depending to bitcoin so why do they need to hate it. |
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bitcoints strengthens its position among the payment methods. It's a lot of interesting and convenient. But the main advantage of BPS - the growth of its value. This is the main reason for its popularity
The growth of it obviously is one of the major reasons for its popularity among the people in the world because people mostly get attracted by it as they know they can get profits if they invest in it as it grows with the time, without any growth it wouldn't have been so popular i guess. That is why bitcoin is really worthy to say that it is a worth crypto currency for all of us. Because it is giving a lot of opportunity for each and everyone of us and by just simply holding it for a long time this is going to give you good profit when the price is going to increase and you manage to hold a lot of bitcoins before it happens. |
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So my plan is to buy altcoins with bitcoins.
And I'll hold some altcoins and will trade with others.
Why you are just going to hold some alt coins it is better plan if you are going to completely hold bitcoins too. This is my simple plan to get rich with bitcoin is by holding a lot of bitcoins for long time but my problem is that I can't even have a lot of bitcoins but still I am not losing hope that I can have this in the future. |
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I honestly would not sell all my bitcoins because I think that its just not smart with this price, I would wait a bit longer so you can make a lot more profit.
Most likely the price is also gonna rise so..
I think it would be good choice to hold them till the end of the year as price may rise at that time and selling a part of them at that time can be a profitable decision to make. If you are aiming to hold it for longer, I think one year is not enough, we should always put in mind that the price of bitcoin will increase more as time passes so what happens is the longer we hold our bitcoin the more we will be able to get profits. There is no assurance that price will rise in future, it may go the other way too, so the best thing is to sell them when price goes higher and grab the profits and buy it again when price falls. For me there is assurance that price will rise in the future just like what is happening today the price is increasing and many people tend to predict in the past the same as we are saying today. And if you are not going to be patient and you are going to rush all bitcoins that you have then that is not going to be a good idea. |
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somehow that when I actually feel good gamble. but apabali lose gambling. My heart stopped for a moment. despite losing a couple of times, I do not get tired of risking my bitcoin to gamble again? Why?
That is because you are a certified risk taker so you are just keep on risking your bitcoin even though you already know the consequences that you are going to face by doing it. And also you can consider that by just risking your bitcoins that is making you fun and entertained and that is your own bitcoins you can do whatever you want with it. |
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Yeah better not go gambling if your will strength is not that high since you will end up getting addicted to it and losing control on what you gambling.
This is the best thing to do so that you are going to be able to stay away from gambling for real. And if you can't help yourself you just need to have the will power that you really wanted to quit gambling and that is going to start with your initiative from your own. And by getting proper support from your relative that is going to be another help. |
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The problem for those people they are looking for instant profit that he didnt know that they can make a good profit gambling is for fun not for source of making money for free.. but people thinking that they can easily make money in gambling..
Yeah, because taking gambling as a source of income is stupid. Gambling should not be taken as a way of living, but rather a way for something extra or nothing, because it needs luck to win and if we don't, just think that it was a bad day and move on, don't try to go for more again. Its really just a stupid thing if you consider it as a source of income for everyday living., it would be very useless when you do have aim on that matter and for sure you would only lose your money without attaining on your hopes of gaining stable income on it on daily basis which is really impossible for gambling field. It is wrong if you are an ordinary gambler and you are going to treat gambling as your main source of income. Because that is not applicable if you are going to do that, it is only good if you are going to be a gambling site owner or going to be an investor or house edge supporter. But making it as your own source if you don't have plans on investing with it makes it wrong. |
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I, Too seeing it as a positive year at least for bitcoin if it's not the year, Bitcoin moving positively and most consistently as a positive direction rather than shifting between up and down, I think the price at the end of the year would be better than it's now.
Yeah it is expected that price will rise at the end of the year and that is the reason most of the people are holding their coins so that they can make good profits by selling them at that time. Perhaps this is another trick of the people who want to cash in on other users. Why is such an unstable market of digital currency. You have to be careful. Yes we need to be very careful while dealing with bitcoins as no one can control its price movements so its better to be active and take decisions instantly rather then delaying it. And if most of that holders are going to sell bitcoins before the end of the year then this is going to have a very bad impact for the next year to come which is 2017. Because the supply is going to increase again if many are going to sell their hold bitcoins and the law of supply and demand is applicable here so if that happens price fall is possible. |
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Of course i don't want and this is very bad idea unless bitcoin will finally get stable price, and bitcoin will be accepted anywhere, then maybe yes, but at the moment no
Of course we will say no because of stability issues. But we are signature campaigners, and we are now already receiving bitcoin as payment for our services and we have no issues with that. If the price dumps then we get paid lower in value, but if it pumps we get higher in value. That is going to be fine if you worked for bitcoin worked then you are going to get paid with bitcoin but for your real job of course it is not going to be a good idea if you are going to receive your salary with bitcoins. But if you are going to be a risk taker and you see that the price is increasing today, this is going to be fine. |
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As i read many people who gambling with btc.
they looking for easy way to gain btc or even to become rich.
but some people just wasting their btc,
have some guts and confident that they will win big and bigger,
but ended with lost everything they have.
why people always trying to gambling ?
investing can be a good way to gain more but it need time.
is gambling become disease or illness that cant be cured from people mind?
Just consult the psychiatrist if the people cannot resist gambling so much. Yes proper counselling is the best thing you need for that if you are that too addicted in gambling and you can't help yourself. You need to have medication mentally and those experts are the ones who are going to help you and give you some advice on how you are going to stop that addiction or sickness in gambling. |
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Well, controlling the gambler temper in gambling is a bit hard, especially when you losing your bets on gambling. Your temper will increase and will bet more.
of course it is really hard, in my opinion it is nearly impossible actually, thats why i dont play a lot of it Yes that is going to put you into rage when you are not able to control your temper. What Am I doing when temper is triggering to me. I am stopping already and taking some drinking water first just to feel relaxed. And when I think temper was gone then that is going to be the right time to gamble again. This is one of the hardest enemy in gambling, your temper. |
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I agree with what you've all said sir. Nobody wins in gambling because there's no such thing on gambling. Most of the people who do gambling thinks that they are lucky whenever they win, but is it really their luck because they win? I think it's not. Letting them win is just a plan of gambling houses like Casinos and so on. They are doing this on purpose in order to the gamblers get more addicted on what they are doing but most of the gamblers are just ignoring this fact about gambling that's why most of them ended up from a rich one to a broke one because they've loss all of their money and all their property in this stupid way of earning a living.
yeah, in gambling it is impossible to have a strategy that never fails so i think it is better to just not play gambling for a long time Well we can't simply stop addicted gamblers and say that 'don't gamble if you don't want to lose' because there is an extreme feeling that they are not able to survive if they are not going to gamble. And I think that gambling is just designed for the gamblers to lose whatever is going to be their way of winning still in the end they are going to lose. |
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I am not a gambler and gambling is not in my blood either but bitcoin is the one introduced me to gambling. At first I liked it but as the day goes by it makes me addicted. And bitcoin get me into gambling but as of now good thing that I am able to control myself for being an addicted one. Hopefull I can retain to control this addiction.
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