of course the price matters, it shows the current value and value always matters. Of course if you are convinced that bitcoin will be 2000$ in one year its the trend which matters.
It matters so that we can convince people to use and accept bitcoin. I was able to introduce bitcoin to my friends and co-workers a lot more easier during the last week of 2016 to the first week of january this year by showing them how bitcoin's price moved and now they are using it both for transfers and savings Indeed. The higher the prices, the more people will use Bitcoin. I hope that in the end of 2017, the prices will cross $3000 so that there will be more people start seeing Bitcoin as both types of investment and currency. If BItcoin reaches that prices, I will definitely introduce many other people in my family about Bitcoin and how to use Bitcoin appropriately Actually, it might be the other way around. The more people use bitcoin, the higher the price would be. Personally, I wasn't fascinated by the price of bitcoins because I know that I wouldn't get 1 BTC right away when I get started. I know that it would be too good to be true if people are transacting 1 BTC or more everytime. I figured it myself that they are transacting smaller denominations. I simply needed money and that's what get me into bitcoins. The price has nothing to do with it. And somehow I think that the huge price of bitcoin might even be discouraging some people because they're probably thinking that other people already have tons of bitcoins and it would be hard for them to catch up as a newbie. But I really don't know that for sure.. |
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-snip-
yes i also agree with you that it depend on the interest of the seller, if he know about bitcoin, and is already using it, then the possibility is there that he will accept bitcoin for selling a house, but if he do not know about bitcoin then it is difficult to convince a person to accept bitcoin for selling a house.
Well, of course. Why would you accept something that you don't even know and don't have any idea what's the value of it is. yes you should buy a house infact that its a good investment because our population is slightly increasing every year thats why you could sell it if you want with a triple prcice and buy another house. well it depends on your country. because im living in a third world country that's why im saying to you that having a house is a great investment of all . because right now im still saving up money in order to buy a house .
We're not at that point where population is so blown up that houses costs much more than what it was when you bought it. If you go to rural areas, you will realize that the whole world isn't as overcrowded as what other people tells us. It's only the urban areas that are kind of overpopulated because of the poor people engaging in coitus like a couple of bunnies. It's only the poor people that makes the population blow up and I'm pretty certain that they don't afford to buy a house so your house wouldn't increase because of increase in demand. in fact one can earn many more that a house cost but actually still people may not be confident to accept bitcoins for the selling a house. actually the price of bitcoin is not stable and if a person sell bitcoin for a specific amount and then the price fell down i think he will face a big lost therefor people may not be ready to sell their hoses for bitcoins. Like I said, why would you even open your house from bitcoin payment method if you don't fully understand it. Pretty much if someone's going to sell their house in exchange of bitcoins is looking for a long term investment and so they used their house to get started with their bitcoin investment. If the guy was too afraid that the price of bitcoin would decrease from 1000$ to 1$, then he's free to change it to fiat right after receiving it on his wallet. |
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I have said it before and I will say it again. A good investment does not need to be the most expensive one. Many people have lost money with btc and many have made fortunes. What you need to do is take a look at the broad blockchain ecosystem and choose coins that you personally like and you think they will prosper and their features will be useful in the future. Also a good idea is to not panic when you see prices plummet. I know this is hard to do but bear in mind that whatever goes down will eventually go up and the other way around. Thats how markets work. And this is the main reason you see coins have this kind of behaviour. I am collecting two coins right now (Mooncoin + Bitcoin) due to the features and usability they provide. Mooncoin is fast and a very well respected coin that will soon have a great new usability feature that will allow it to spread rapidly all over the internet using a smart likes implementation called MoonliteMoonlite turns the whole Internet into a blockchain everyone can use and tip others for their contributions. Kind of disagree with "whatever goes down will eventually go up", but I do agree with the other way around. What goes down in cryptocurrency might have already turned into a scam coin. And I'm sure as hell that these scam coins have all their investors dumping their coin and don't plan to ever come back. It's basically just like gravity. What goes up will eventually go down, but the other way around that? Not 100% of the time. To be honest, and I hope you don't take any offense at all, I've never heard of mooncoin until now. I've never even saw someone wearing a signature of it except you. |
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I had invested before in HYIP but I failed until a Facebook friend share me his strategy on how to make investment profitable. We should always take note to just invest you can afford to lose only, that is very important, Don't be so greedy. Always search the site information you are joining before make a deposit, monitor it if it has a good reviews, rating and paying...
Before I'm addicted to invest to hyip/ponzi site. I'm very angry of that day. Why? Because all of my money was loose . my friend told me also don't be greed when you investing and don't put all your bitcoin in one investment only. But as of now I don't recommend to all people to invest of that kind of investment. HYIP sometimes can be tricky to spot because instead of scamming right away they will play the long game and run for months or even years and then they will exit scam when they get their economic goals. How is it even "tricky"? You know the drill. These HYIP sites stay for a while sometimes, but they all end up scamming people. One simple way to avoid getting scammed by these websites is -- to not invest on any investment site. HashOcean is one of the best examples of the HYIP sites that stayed for a while but still ended up running away. They even faked that they were already operating for 2 years to make people more into it. There are some people that even fought their side and said that hashOcean should be legit since they have been running for a long time. Well, where are they now? All scammed.  I'm pretty sure those people are just fighting for hashOcean so they can have someone sign up under them. |
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my country is not on very bad condition but i could say its improving not just like the old administration. even we are on a thirdworld country i could say that we're not that poor. we still have a many assets and minerals in country. i wish bitcoin will be introduce globally so we can use it also on other shop.
The minerals from third world countries are mostly getting mined by a foreign company. Countries that don't have the machinery to mine their own minerals continue to be broke after years of mining because the miners just export the minerals unprocessed so the tax would be much lower and then process it when it get to their land. You can say that your place is "rich yet so poor". It's not a rare thing because most third world countries have corrupt government so even though mining minerals should give the people decent amount of money, it doesn't. |
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Well, if we'll discuss about that, it has positive and negative sides. For example many traders are using bitcoin because of it's often chageable price, if bitcoin will become stable, in fact we loose such type of people, also many people has hopes that they'll buy bitcoins when it's price is cheap and than they'll wait for it's rise up. Another side is that many famouse website and business owners aren't accepting bitcoin because of it's changeable price, if it'll become stable, than they will accept bitcoin as a payment system. At least we have to lost one side of people, traders and some simple users or business owners.
I agree with the first one but I kind of doubt the second one. Just because bitcoins have a stable price, doesn't mean that they would automatically accept it. I think the primary reason why they aren't accepting bitcoins is because there's not that much people using it anyway. Everyone's using swipe cards and Paypal. If they are going to accept bitcoins, then they would have to add another payment method on their system and then even add some more algorithms into cashing out the bitcoins into fiat form. All of these would cost money and the company owner is probably thinking that accepting bitcoins wouldn't bring as much profit as what it would cost to add it to their system. That's simply bad investment unless everyone's looking for bitcoin as payment method. |
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Investing in in bitcoin is more potential to increase your money but its very risky because the bitcoin price dump and increasing. Investing in gold is good and less risky but the potential to increase is very less but your money for sure is safe if you choose gold. I think both is good.
How come? Gold is a natural resource and we sure are going to eventually have shortage on it. Maybe not sometime soon but if you're looking for a long term investment, gold is something good to go with. Gold is being used in a lot of things in technology and we all know that the technology business is booming right now. We all want new phones, new laptop, etc. and all of those have some gold parts. Gold is being used by the rich people as decorations, for fashion, etc. And since we're using a lot of gold, it'll become really scarce and scarcity would certainly increase the price of gold. Gold has just so much use and not just simply for trading that's why you're sure that it would not decrease drastically in value. |
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The fluctuations of bitcoin makes it a profitable form of trading currency. when the currency is low,you can buy then you wait a little bit and allow it to increase then you sell to make profits
That's true bitcoin need to be unstable price because when the bitcoin price is just increasing only there no more investors who will buy and sell their coins bitcoin will be more expensive Wrong. Supposed that bitcoins are increasing only and never going down, people would even be more attracted to buy bitcoins because they know that the price would increase the next day and they would get profit from it. It would be a rise-only market but you can sell your coins anytime you would like. Regardless if it's expensive or not since it's continuously rising, people would buy more bitcoins for profit. They might even use all their money for investment or even take a huge loan and then withdraw at the time of repayment. But, a market that just rises is just too good to be true. It wouldn't be based on the demand/supply thing and if people have stopped buying coins, the coins would lose its value because there would be no more exchanger sites and people would start doing P2P instead with a much lower price or should I say "the actual price". |
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I have 12BTC in my account, how should I invest it? Don't. Just hold it. Given the fact that you came in this forum to ask for a good place to invest your money is a clear sign that you don't know anything about investments. Let's just say that someone comes to you and say that you should here or there, you wouldn't be able to invest right away because you don't have any idea on what you're doing. Well, that's if you're cautious. Otherwise, someone would pretend that he's knowledgeable about investments and just rip you off. Bitcoin holding might be the best thing that I have done with my bitcoins. I tried altcoin trading but it's just not for me. You should try it, though, maybe you are capable of having trading skills. |
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of course everyone will leave the bitcoin, surely they will not be interested in saving the bitcoin and will soon sell it. then it can be ascertained that the price in 1 hour will drop to the lowest level and in 1 day nothing will accept bitcoin so that everything will be destroyed.
I don't think so. Drugs has been banned for a really long time, but the ban just increased the price. There are tons of things that are banned but here we are, we still see people buying it everyday (e.g. drugs, marijuana, etc.). The banning of bitcoin wouldn't kill bitcoins in just a day. It might discourage the sheeple but a good percentage of the bitcoin users aren't like that. We know what we're doing and we already anticipated bitcoin being banned even though it's high improbable. |
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yes you should buy a house infact that its a good investment because our population is slightly increasing every year thats why you could sell it if you want with a triple prcice and buy another house. well it depends on your country. because im living in a third world country that's why im saying to you that having a house is a great investment of all . because right now im still saving up money in order to buy a house .
We're not at that point where population is so blown up that houses costs much more than what it was when you bought it. If you go to rural areas, you will realize that the whole world isn't as overcrowded as what other people tells us. It's only the urban areas that are kind of overpopulated because of the poor people engaging in coitus like a couple of bunnies. It's only the poor people that makes the population blow up and I'm pretty certain that they don't afford to buy a house so your house wouldn't increase because of increase in demand. |
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Only Ethereum is able to do this at the moment. I do not know may be in the near future there will be some kind of giant and will bypass all alternative cryptocurrency, but so far only Ethereum is a competitor for the top spot for Bitcoin. You have to understand that now the age of technology and Ethereum is a flexible technology unlike Bitcoin which is digital money.
Everyone thought that Bitcoin was going to be overtaken by Ethereum, but that never happened and hopefully it never does. Ethereum isn't really even a competitor for Bitcion. The price of it has been fairly static whereas the price of Bitcoin has been going up frequently. I doubt there will be an altcoin, capable of overtaking Bitcoin, getting released in the near future. Bitcoin definitely has a long life ahead of it. Etherem was hyped up by people, what do you expect? These people are just spreading all these good stuffs just so their investment will yield profit. Today, if someone said that bitcoin will be replaced by ETH, people would mostly disagree. But back then, when ETH was just released, a good part of the community believed ETH's promise to replace bitcoin. Yet here we are. Even though ETH wasn't able to replace bitcoin as of now, we can't dismiss the fact that all of these altcoins have a chance (although some are terribly small) to replace bitcoins someday. |
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I say NO to PORN. Please. We all want to see Bitcoin in a better place. bitcoin has real valuable use. you can not do a good thing with help of a lie or bad influence. Try to provide services and in return ask for bitcoin. People will need to consume your product or use your service and you will get bitcoin. Bitcoin should not be used only as a way of Drug smuggling, porn, gambling, weapon dealing. Then in future common people will find btc as a coin of criminals, only. I would never use btc in porn industry
In the future? You should go outside more, sweetie. People already thinks that bitcoin is the coin of criminals. Right from the start, the people of the dark net are already using bitcoins for their illegal business. Bitcoin offers anonymity, thus, it's the perfect coin for them. Right now, there's not that much bitcoin users. Let us fast forward for 100 years, the majority of people are most probably already using both bitcoins and fiat and are all starting to become aware that fiat is nothing compared to bitcoin on so many levels. Fast forward for another 100 years, everyone's using bitcoins. How do you think people are going to pay for the premium account or paid videos on porn sites? That's right, bitcoins. TL;DR: Bitcoins will eventually be accepted on porn sites no matter how hard you try to prevent it from happening. |
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Totally agree.
I think most countries take more care about Problem Gambling issue now a day.
Countries can just ban the gambling websites and close all the casinos other than that they can't keep people away from gambling. If one is interested sure he'll participate in gambling through one or other way. The government can't just close down casinos because it's a legal business right now. Besides, the rich people behind those casinos have connections to the government and they don't want to ruin their relationship to each other or they are the government themselves. Regardless, the government are making money from these casinos because of the tax, and the "donations" that these casinos give us so they won't just close it down. Banning gambling sites would have no effect at all. Porn sites are banned in my country but the only thing that happened was it went trending on Facebook for a day and the next day people are still watching porn. Somebody would always find a way to bypass all these and the method that he discovered will just spread pretty fast. |
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Bitcoin will be worthless too if fiat is worthless and that's right since we're using fiat right now mainly. But what if the prices of everything are in bitcoin form instead? For example, a coffee is cost 0.0002BTC? Regardless if fiat has value or not, bitcoin would always have value. I think this is a possible scenario but it would take a lot of time before this happens. The majority of fiat have to be converted in bitcoins first. Basically, the whole thing should be upside down. This time, fiat depends on bitcoin.
I didn't quite understand what you meant to say on the whole, but if I got your point right, you basically claim that without fiat Bitcoin would be worthless too. This is an old story which people tend to repeat regularly. Nevertheless, if everything is priced in Bitcoin directly, wouldn't that prove the contrary? That is, that Bitcoin has value since you can pay with it for a cup of coffee (leaving aside technical issues)? There are no existential barriers to price anything priceable directly in bitcoins (I repeat it again for dumbasses that I discard technical issues), and we don't need to convert any fiat to bitcoin at that... Since all paper will burn in the end I think I kind of messed up at the part where I put it on bold (the one in the black font) so you kind of got confused to what I was trying to say. Try reading without the green highlighted part. We were basically saying the same thing.. If this whole currency dependency was turned upside down, fiat being worthless wouldn't mean anything to us (I might be repeating myself but whatever...) because at that time, bitcoin would be the standard measure of all currencies both crypto or fiat. At that point, if all papers were burned, bitcoiners would all be like "Meh. Just like what I expected back when bitcoins wasn't yet popular." |
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No, i think it would mean there are ten times more people using it
It is really not going to be worthless and not just ten times but millions of people are preferring to use fiat. Because that is all set that fiat is one of the currency that has been using by so many countries throughout the world. And bitcoin is still new many are going to have their doubts with it and will still choose fiat over whatever its price. Most people will surely have their doubts since bitcoin is still new on this world and fiat is existed a hundreds of years which means it would be easily goes worthless no matter what and we should think off that bitcoin is depending on fiat value.If fiat would be worthless then bitcoin would be worthless also for sure because they dont have any value. That's right, a lot of doubts in bitcoin are pretty much blocking the price from being more then 1.5K$. Most of the people that has bitcoins are not using it, they are keeping it and waiting for the price to grow up so they can sell it, it hurts bitcoin as those people are blocking the price for growing as they will sell their bitcoins if it reaches a certain amount of value. Yes of course bitcoin's existence should be considered by a lot of countries and us who uses it. And bitcoin's value is just depending on fiat which is dollar, so if fiat's are going to be worthless then the community of bitcoin will be worthless too. I'm only thinking if there are going to be some organizations that are going to declare bitcoins independent of having its own price. Fiat is not dollar. Dollar is just one of the many currencies that are in fiat. Saying that fiat is dollar is like saying cryptocurrency is bitcoin. There are other variants. Bitcoin will be worthless too if fiat is worthless and that's right since we're using fiat right now mainly. But what if the prices of everything are in bitcoin form instead? For example, a coffee is cost 0.0002 BTC? Regardless if fiat has value or not, bitcoin wouldn't have no value. I think this is a possible scenario but it would take a lot of time before this happens. The majority of fiat have to be converted in bitcoins first. Basically, the whole thing should be upside down. This time, fiat depends on bitcoin. |
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My mom never told me what cash is and I still know how to use it. The best way to make a kid understand Bitcoin is to let them use Bitcoin commonly in daily life. However, right now it is not age of Bitcoin so everyone currently use FIAT as a main currency. If you want your kid to know more about it, you have to wait about 10 or 20 years later when Bitcoin is more popular on this planet
Maybe it is not necessary to let a kid use bitcoin on a daily basis. And maybe your mom doesn't want to bother you when it comes to money matters that's why she never told you what cash is and how you are able to use it. And I don't think that if you want to expose or let your kid know what bitcoin is, you don't have to wait for that longer years. Agree with you. If you let your children know and use bitcoin be ready also with the consequence. Your kid might wanting to invest in bitcoin at early age and might swift his mind to instead of focusing in school he might just want to earn bitcoin. It is ok to introduce but don't let him know all at young age. Yes because not all the time things that we are going to teach with ours kids are going to be helpful at all. If that is abused probably a negative result with occur and if they found out that there are some illegal activities and they gamble freely out of their curiosity and that is the consequence that we are talking about for letting them know bitcoin. Just be prepare for the best and worst. If the kids know how to earn money easily in early age, it will effect on their education. They lose concentration on their education. And it will impact on your children's future. So better don't introduce them in teenage. After they get matured no need to explain them what is bitcoin they only learn how to make money from Bitcoin through the internet. Oh yeah that's another consequence if we are going to expose them on how to earn money or bitcoin on their young age. But still I'm considering it depends on the parenthood and how you are going to handle situation with your kid. As long as you are not going to bear in their mind that having more bitcoin will give them financial freedom. Simply using our common sense gives us the impression that having tons of money will give you financial freedom. I think no matter how hard you try, your kids would always be greedy. Right now, you might even be greedy too that's why you're here to earn more money. It's nothing personal or anything, it's just our human nature. Exposing them how to earn money would also lead to them becoming more independent. To some this is a good thing, but mostly this creates distance from you to your kids. They wouldn't want to talk to you anymore since they can support themselves now. I think it's a case-to-case basis. Some kids are okay with them being close to their parents even though they are already earning money while there are kids that would feel superior of you and just ignore you and become rebellious. |
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Working for the campaign is my best source of bitcoins. That is the most low risky way to me and with my current rank the payment is really good. Of course I would like to my rank be higher to get even more bitcoins, but it stayed not so long time to wait, just 6 months.
It is better if you are not going to rely with campaigns because they are not permanent. Just like what you have said, there are some that are staying longer than 6 months and there are some which are staying with fewer months. So since we don't know when they are going to stop, we should prepare and look for some other source like trading and investing into bankroll casino's if you do have a lot of bitcoins. Just like other jobs in real life, there are companies that closes down. It shouldn't bother you if you're confident that your posts are constructive and on-topic. Being a participant in one of Yahoo's campaigns give me the confidence that I can easily transfer to another campaign if ever this one closes down. But then again we should all have a back up plan just in case they stop allowing signature campaigns in this forum even though I doubt that it'll happen. Right now I don't have any back up job since I'm still studying. A part-time job would be good but that's not actually an option in my area since they close the stores here around 5PM. There's no night shift and I have to study during the day. |
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I'm a bitcoin fanatic here but I was wondering how come that Bitcoin is freedom, I think it is not, Only bitcoin can give us financial freedom and freedom to achieve our dreams in life. and it is not specify where bitcoin become a freedom?
Well i think the point is bitcoin is freedom because we can send bitcoin all over the world in easy way and fast and also anonymous. Well also because we can earn from it we can get a ton of benifits of it. Well it is not all about bitcoin or money to achieved our dreams in life it is all about hardwork and inspiration. I don't think being able to send/receive money from anywhere in the world fast, easy, and anonymously is freedom at all. That's simply sending money without having to reveal your identity. I think the "freedom" that you guys are looking for is the freedom from the government. Ever since, we've been a slave of the government when it comes to money because they control fiat. Literally every single transaction that you made has tax, sending money has fees. Every movement of the money gives the government more money. In bitcoins, we don't have that. You can transfer millions of bitcoins and no one would take fees/tax except for the little transaction fees which costs almost nothing. |
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Its very difficult for the government to ban bitcoin because its anonymous.But there is another easy way for the government to do that. For buying and selling of bitcoins definitely we will use fiat currency. And for that we need banks help .By bypassing banking procedures definitely its not possible to get bitcoins. What government will do is they will check each and every transaction done by fiat currency. They will monitor each and every account transactions. In that way itself government can control 60 percent of bitcoin trade. I am not telling government can control 100 percent. But atleast tto an extent government can control bitcoin transactions.
Where exactly did the 60% came from? There surely are ways to bypass banking procedures to get bitcoins. For example, instead of using an exchanger site, sell your bitcoins to another guy through Paypal or just do meetups. In Paypal, he can just choose Personal Payment and then that's it. The government wouldn't know that the payment was for bitcoins. And for meetups, the government doesn't have a CCTV connected to your eyes so they surely will not know that you just transferred bitcoins in exchange for fiat. There are also other ways to cash out your bitcoins like money remittances. I don't think the government has control of that and they surely wouldn't know that the money you just received was for selling bitcoins. I don't think the government would successfully trace you if they would only rely on the banks. They should have some control over bitcoin or something before they can trace you in a timely manner. |
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