You can get passive earning by investing in shares. Or maybe real estate somwhere at good location where is big demand so the value is rising. Or from valuable watches, jewlery, art, gold. Bitcoin could be also source of passive income if you have invested it somwhere or maybe just by holding it and waiting for price to go up.
No not agree with you these source can not be source of passive income, these source can be investment source but can's be passive income source. Getting a real job or a business income e.g. regular income from a shop can be passive income. I can see you two have two opposite opinions over there, and I'm afraid I can't agree with you. A job or a shop usually brings to you an ordinary life, nothing special. Investing in shares, real estate, gold,... are common ways to get rich, and works for lots of people. I personally believe in bitcoin too. "Getting a Real Job" itself means you are working for you to earn money. Having a real job is not a passive income rather it is a main source of income. Let us not confuse ourselves with simple terms. A passive income is a source of income in which it generates revenue without your everyday work. Passive income such as interest or bond payments are good source of passive income. A passive income is just like making a trees grow and you spend your effort to do it and when a tree grows already you will be able to reap the fruits of your labor. With active income, it's like you are having a job where you are paid to do a specific job. |
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With the current situation, I don't think the price will go back at 100USD. The situation is going better for bitcoin with all the turmoil around the world right now, and I think is going to reach the mainstream population. If you wait to see the price to reach this amount before buying, I think you going to have white hair  lol, i liked the last sentence of yours  anyhow, whatever you said is quite right, as we all can see how the price is going up these days and in such a situation we can really not think about a price like $100 or so but we are looking for a price even higher than what it is right now, so yeah, maybe someone will have white hair if they wait so long. I have a white hair already, maybe I will die before the price will hit to $100 again and that is 60 years from now, lol. It's almost impossible to see that price again from what I am seeing now, the price has been rising lately and we are near to $1,000. |
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BTC 85
Wow! For me that is a really large number if they are bitcoins, because the price is already touching $1000 mark and if someone holding that many bitcoins would probably be quite rich specially if he is from a place like where I live, maybe in some countries that is not much. I'm in the USA, and I'm not rich at all. This money would last me 1-2 years if I had no job. Where do you live? Maybe I should move there because I hate working I don't think you will receive the answer for your question from him. No one wants an additional lazy citizen for his country. If living in USA keep you working, so be it, stay right there and work. Unless a person is born rich he has the choice not to work and just spend the money of his parents to live, it's impossible not to work as even the rich people are still working to make themselves richer. |
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Bitcoin could become a global currency but it will take years, I really have no doubts about that its all a matter of time before it will happen.
The bitcoin is the future of all currency's because everything is gonna be digital plus it now already has a step ahead on other currency''s.
actually majority of people do not know about bitcoin and most of people who even know about it but not going to use it, i thin they need more an more advertisement about bitcoin so that they start trusting bitcoin, hope after adopting bitcoin by the majority of people bitcoin will really become a global currency. Yes, Bitcoin advertising needs. This will ensure good growth of its price. And then certainly he will be the main currency in every country in the world We are actually doing it already, we advertise bitcoin that's why we see where it is now. With our continuous support to patronize it, the price goes up as it becomes popular resulting to people adopting to it. |
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My kids are young and still they dont understand how money works but in few years i will teach them to how thing works with bitcoin and fiat
That's a good idea, everything has the right time to be taught which will be easily understandable. Same is with the kids, when they were interested into playing and other activities let them to explore. When they grow try to teach them, if not interested just leave. Everyone have different perspective on life. One should never be forced to follow particular thing. I too think that bitcoin will be a very easy thing to explain to teen and children, because bitcoin is easy to use all you have to do is send money to an address, and using bitcoin is totally anonymous so you don’t need to have and id to use bitcoin, not only that but bitcoin is all about money and a lot of money and as far as I know teen always need money so making them use bitcoin can solve their problems. It's not like that, if that is only for online transaction they can comprehend but there's a deeper sense why we are using bitcoin, we have seen great opportunity to see this as our investment and hoping that the future will bring us success. |
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Yes, most places in the world now have access to the internet, what makes people able to start using Bitcoins, creating the possibility to replace the paper money in the future. The irony here is that those people who needs more to use Bitcoins, can't use it, because they don't access the internet, the most poor people.
Unfortunelly, most people in the world, even having access to the internet, don't have interest about Bitcoins, because their life is comfortable for them and they are too alienated to have interest for it. BTC and another Crypto Currencies will have more success when the currently areas without internet start having it.
I don't think so. I'm living in a poor people area for so long and people here has a traditional economy. Meaning, they do what their parents used to do like farming and fishing. Years ago, there was no internet connection here and now that there is, people are just busy browsing Facebook and not using the internet to earn money. I'm not saying that they're using the internet in the wrong way but the fact that I have here disagrees with your opinion. The people that has an access to the internet years ago mostly live in the city. In the city, you could earn much more than you can earn from doing bitcoin stuffs so I guess that's why they don't rely on feeding themselves by earning bitcoins. in fact bitcoin is mostly uses in cities, they have good access to bitcoin as they have more facilities of faster internet, therefore they urban people are earning more from bitcoin as compare to the rural. but the rural are also now adopting bitcoin. When it comes to opportunity to earn, I guess we have all equal opportunity since bitcoin is online and we can do it wherever we live as long as we have an access in the online world, particularly with bitcoin. |
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People like to keep money in their wallets. If you are from the older generation you should know the difference between handing someone a bill and a plastic card. Money is still treated differently. You can wave your card in public all you want and noone will notice, but start waving some Franklins and all eyes are on you. I'm sure I'll be long dead before the world stops using paper money.
It is quite sure that in the nearby future will live in a cashless world. Governments they impose laws initially το restrict and then to completely ban the circulation of paper money. From my point of view next years people will do their transactions mainly with cards and mobile or web banking. Small value notes will be in circulation so as older people learn the new payment system. I suppose that next or after next generation people will use only digital coins in every day transactions. I believe it will only happen in a very far far away future. In the present days, the technology already advanced a lot and reached to many places, but there are still a lot of people living without the information, technology and progress. Until these people left the paper money to start using only virtual transactions, will take a lot of time. Things are advancing, but there are a lot of time yet until we reach to a cashless society. yes that is a fact that in most areas still people do not hear the name of bitcoin, while in some area still there are not present the facilities of internet therefore these people do not know about bitcoin, they still require a good time to know and then start using bitcoin. We have to understand that awareness will take a lot of process, we have to wait for the right time without stopping our support with bitcoin. The progress will continue and at the right time, people will know and understand about bitcoin and hopefully they can adopt as well. |
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I find the discussion interesting. Personally I think Bitcoin will not play a important role in 20 years, because there are better alternatives. Bitcoin was the first step with many technological problems. Newer projects will solve these problems and be more successful than Bitcoin. I believe that these projects not exist yet. Bitcoin will eventually be what Unix was in the 70s. Bitcoin and Blockchain are one of the greatest inventions of recent decades, and Satoshi Nakamamota - whoever is behind this pseudonym - is one of the greatest inventors of our time.
I'd agree with you, I hope/think the blockchain becomes a technology we can all benefit from in our daily lives in 20 years, I think bitcoin will still be around but it'll be seen as something old school that nobody really uses anymore. 20 years sound too distant to make a realistic perspective on what could happen to the bitcoin ecosystem by then. However I agree with the fact that it is very likely that digital technology will be so advanced by that time that maybe the bitcoin will be remembered as one of the first and rustic attempts to revolutionize the world of the economy on the Internet. But we have to be realistic and futuristic at the same time, there's a future of bitcoin and for the next 20 years it's going to be a success every year until we reach a great price that will eventually gonna make us reach. |
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maybe now is the right time to hold bitcoin what you have. you may be sorry when you do not sell bitcoin that you have when the price has reached more than $ 1,000. yeah, but if you're planning to make an income in the long term, the investment may be very good for you. for now a good investment is to create a business site, you just need to promote it properly.
Bitcoin price is climbing to $1000 again, so maybe this is about time to sell bitcoin, well, part of what you have, not all, if you regret not selling it at the previous $1000. bu i do not think that this time bitcoin is going stop at 1000 USD, this time we are expecting the price to cross its all time high price and my be reach to 1500 USD in the middle of 2017, therefore selling bitcoin at that stage will not be a right decision. This year hopefully we can stop with $1,000 and will continue to rise at the start of next year, having a good amount of capital to buy bitcoins is always good and the opportunity should not be wasted as we can buy anytime we want now and I just it's a good timing to do it now. |
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As I can see, bitcoin reach highest value it means that more people interest on bitcoin And I won't be surprise if this day has come I dont think bitcoin has power nowadays since it isnt recognize by government but it does really give impact on some businesses and payment systems. Bitcoin is still on its earliest stage and we could able to see the potential thing that would made on upcoming future.
Yeah my goverment forbid bitcoin usage as well but the fact is bitcoin really help people to made better transaction As far as i know the highest value achieved in November 2013 ago it was at $1200 or so We can reach another highest value with the spirit of new year if there is no big correction Still struggle to reach $1000 now , but yeah currently bitcoin still in early age i agree But doesn't mean it will drive to the price that keep growing , in the future bitcoin will not just the matter of value only. Probably next year would be another great year for bitcoin, as we had easily doubled the price this year, next year would be easy as well. The success will continue as no possible risk spotted in the future that will cause a massive dump. |
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Bitcoin as only having 21 mil coins, can't be used as a major currency, but it is the defacto gold in the cyberspace. It is deflationary, and will increase in value when more people get used to it.
How does it having 21m coins make it unable to be the standard currency? If too many decimals is impractical we can always use mBTC or smaller. We are not discussing here the volume of bitcoins to be use by the people but the value of it, you are right we can all be accommodated in the ecosystem if we choose to adopt all. |
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For bitcoin had a stable price we wouldnt have the halving over it, soo all the coins would be already mined, i dont see it as an advantage, but the fact that bitcoin were traded at 1 dollar and lower from the begining, makes me believe it would be easy to have bitcoin shared with a lowe value, but the thing is people does are at bitcoin to make money, soo they like the volatilaty and is one of the main reasons people does invest and get into bitcoin nowadays.
Certainly we are dictating the price so definitely it will not be stable as our demand are not consistent and people with big amount of bitcoins will contnue to hold to make the price increase as what they wanted to see. |
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We should have bitcoin for a long term investment. It is like having Gold. You are able to diversify your wealth. Having cash as a long term investment will be a foolish idea as purchasing power of cash keeps falling every year due to the inflation. But Bitcoin has a possibility to appreciate in value.
Cash is not even an investment just to make it clear. It is a type of paper that is used for purchasing goods,services and as well as the investments that you wanted to enter in short it is money. And even though there is inflation yearly, it doesn't mean that you are not going to rely on cash, are you sure that you are totally into bitcoins even if most of the people and investments in your country are still in cash? Bitcoin is also not created as investment, it is just the it does not inflate like cash so the business minded people sees this opportunity and help to make this a popular currency until it's also popular now as an investment. |
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I think bitcoin will replace if us dollars crash if ever it happens the one who have bitcoin will earn more profit but i think its very impossible because dollar is the main currency of U.S and it will affect their economy
It will never be, US dollar is strong. Let's imagine your scenario if US dollar crashes, it is not only the US country itself would get affected but also the entire world. US is one of the country with a great economy and we know that all. Yes, dollar will never be ever crashed since there are many supports around it, and on depending on its economy. Dollar has been there for many decades If ever usd crashes many investors will be affected and specially bitcoin will also affected with its domino effect because worldwide relies on dollar rate as with the currency exchange rates. But it was just expeculations it would never happen that dollar will crash because its the one nutralizing the worlds currency without it exchange rates will not move as well as bitcoin economy there is no economic movement if dollar will crash. It's a currency of a big country, so probably the effect is also huge. There are countries that relies on foreign investment, and they should be affected to much with what will happen, and bitcoin as well of course. |
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many but it will make BTC expensive , because total investment / (total supply - total lost forever) is more than total investment/ total supply
this is correct. bitcoin's totally circulation amount is reducing day by day. specially after those so many altcoin projects and their ICO... thousands of BTC still frozen in ICO escrow addresses. thats also a reason of bitcoin price increase. Certainly that is not the reason, do your know that when an ICO does not succeed, normally the investors will be refunded if such funds are in escrow. And how much really is the amount of ICO raise, it does not even reach 100,000 of bitcoins while we have millions of supply. |
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we could still use it but it's price would fall
It would fall until it will become worthless, that is a big bad news if all countries will be unified of banning bitcoin, that's not good for us and surely we will lose our investments at hand(wallet). |
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there are times in bitcoin world that are good times to buy bitcoin as much as you can. I have already done that at least twice and already got my money back with lots of profit. whenever there is a nice dip in price and the market is sleeping and I speculate a close big rise, I get in with all I have. these days are the days after I got in with all I have and I have once again made my principle back.
Wow, that was impressive, I believe you'll be reach doing the same thing over and over again, but what really impressed me is you go all in which only few can. |
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Analogically, bitcoin has come to be like a building situated on a rock having a firm foundation. Hence Satoshi revealing himself will have little or no effect on the behaviour of bitcoin.
Because what we love is the system and not the creator of bitcoin. Bitcoin will continue to exist even without knowing it's creator so the creator is not the big issue, it's always good this way I guess. |
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Is there a way to determine the number of people who are actually using Bitcoin till date? Who would have access to such information? Meaning a way to find out, how many new people have used Bitcoin in 2016 , so that we can say exponential growth is natural not artificially created by hoarders.
The number would be far less than any bitcoiner would expect. Try to imagine how many drug addicts use BTC and how many drug dealers. I would think that theres not much. Like what an expert hacker said, we are only accessing 10% of the internet because the rests is in the deep web, so that means illegal transaction are rampant in the dark web and that helps bitcoin to increase its demand. |
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The 1000$ is about to fall
We got god over here, who knows exactly what is going to happen. What's wrong with you?, would be happy if you let us know where did you get those predictions. Bitcoin is always going to go up at the long run, unless it falls and fail, it's designed to either sky rocketing to 100K+ or either fall down to zero if the community won't accept it. Just make your thoughts and predictions based on it. The predictions are mine and point, I think it will rise to that, what happens to you if you do not like do not think for me, I think what I feel like It is possible we see market correction soon but one thing I'm certain of the $1000 per BTC is inevitable. So many uncertainties in the Fiat market and BTC has proven to be a solid have to always run to My prediction was to see a price of $1,000 this year but I was surprise how bitcoin reacts just for one month to reach this level. That would only prove that bitcoin is full of surprise and it has the ability to rise unexpectedly therefore no question it's a good investment. |
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