I just always wonder if those billionaires still invest in btc. Do they even know btc exist?
Yeah billionaires are one of the people who are updated about news, so for sure they already know about bitcoin and its better for them if they invest in bitcoin. Almost billionaires are inrested on investing. I think they are invest on bitcoin to earn more money. And even not billionaires they can invest on bitcoin because they know how much they can get profit once the bitcoin rise up. even i think because investment they become rich because investment provides unlimited benefits right, the logic is that rich people surely they have excess money and they will use the money to grow their money again and they will look for potential investment and they find bitcoin and then become richer, i see the marketcap is changing very big you know ? maybe because mix the hands of the billionaires |
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why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
why some country banned bitcoin? because maybe it can be use in for declining new currency are terrorist and cyber crimes financing potential, alongside illegal drug traffic and using cryptocurrencies in money-laundering or Ponzi schemes. yeah arguably bitcoin has a very good feature for secret transactions, the government knows what the consequences if they continue to let bitcoin in circulation there will certainly be many people who will use bitcoin for illegal transactions and make financial crimes, so the government gives a ban to bitcoin, if from side of the government I think that is good government intentions? to avoid increasing crime? but is it there a way out other than ban? |
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes of course. Sticking into just one currency specifically to currency type which is a crypto which is generated and operated online because as we all know that these type of currencies are really volatile although it is a normal characteristic of currency, still it is risky because we do not know if the technology will remain stable or might malfunction in any way around. So it is still better to make it apart of having both real money and digital money to secure your funds. i think there are two things bottom line when you keep all your money in bitcoin, first bitcoinis a very fluctuating so of course it would be dangerous for your finances because it is true what you say we do not know what will happen to bitcoin going forward or where fluctuations will bring bitcoin prices to high prices or low prices and the second you can not buy something because all your money is in bitcoin and not all merchants support payments with bitcoin |
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Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
Bitcoin's Value is volatile due to its decentralized structure that is why an irregular rising and falling of its value is felt frequently. Though its status so irregular, it seems that it's current status is going all the way up which makes it more recognizable now a days. Exactly. When one currency is decentralized then there is no check and balance from one supreme power about what is going on. Like our local currencies, there are regulating by the National banks and governments, that is why we have a stable price in business in our country. Bitcoin have decentralization and that makes it more volatile because of randomness. Yes I agree, the decentralized of the bitcoin is of the reason why so volatile,and an speculative asset that makes people attracts bitcoin. Bitcoin value is volatile because there are many who suppports bitcoin, Which invested in continues to buy and sell on bitcoin that make it volatile. So the demand is increasing in bitcoin. i don't think that decentralization has a direct effect on fluctuations, because what I see here that plays a direct role in the rapidly changing price of bitcoin (volatile) is from a small marketcap so that every demand and supply of each user exerts a great influence on bitcoin price changes, or it can be said that bitcoin users are still few, then its give effect to the small marketcap and result in very rapid fluctuations |
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t's really true, as I live but strangely why the income from bitcoin is bigger when compared to the result of working as a factory worker like mi
Any internet work can bring bigger income then working for 100-200$ also depends on which country you are living, a lot of people earn money on internet programming or making designs getting payments at digital currencies i know most users here have jobs as employees in real life and it makes your incomea to be limited because your salary is determined by the company based on your job title right ? but when you become a freelance working in online like bitcoin investing, trading, etc. your income will be great even unlimited, because all your income depends on your hard work dude |
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Like cash it doesn’t really teach kids even some adults about how to properly manage spending. It really depends on the person using bitcoin, it also depends on the people around that person or kinds who will teach and remind them about handling and managing their bitcoin. If we will teach kids about proper way of spending and saving its better to show them how to do it not just by words but also by example.
We do not need money to teach about kids about saving, you could use candy, you could give to them some candy and tell them that if they keep that candy for some days that they are going to receive more candy in return then you explain to them the same happens to money and bitcoin and they are going to be able to grasp the concept immediately and understand the concept of saving. I think the kids can learn from their elders how they are saving and investing and the best place for their learning is bitcoin world. I mean if I invest in bitcoin and tell my son that I have bought some digital currency which is not only a digital coin business but also like a regular currency. I can use my bitcoin anywhere in the world for purchasing anything. My kid will definitely take keen interest in bitcoin and for which he will try to save. i can be sure that they will find it difficult to understand it dude, they will be hard to understand how to convert bitcoin to fiat and why bitcoin prices can be fluctuating that make their money savings decrease when bitcoin prices go down? i think to teach children how to save should use local currency dude, teach them by saving some of their pocket money into a piggy bank |
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I think blockchain is still the cheapest with all the features they offer.
Stupid answer from Sr. member. Blockchain consumes around 0.001 btc for each transact to send the bitcoin to another address. If you wish to reduce the fees for the transaction means you have to use the desktop wallet which gives you the way to modify the sending fees of bitcoin. you can try the multibit or electrum to do that. luckily i do not use blockchain anymore, besides the expensive fee the confirmation time is also a bit slow (or maybe just my suggestion lol). maybe I'll be a bit suggest this to you, if you do not find a wallet accordance with you because the fee is too expensive, maybe you can use the poloniex exchange for your wallet, they only use fee 0.0001 btc for each transaction, very cheap I think and the confirmation time is also quite fast |
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Always remember that it is your responsibility to adopt good practices in order to protect your money.
Be careful with online services. ...
Small amounts for everyday uses. ...
Backup your wallet. ...
Encrypt your wallet. ...
good tips dude, appreciate it, maybe I'll add a few tips, maybe hackers can not enter your wallet but be careful with the virus, some time ago I was fooled because the virus spread on my laptop, the case is I copy my address but then i paste, the address is from someone else? lol so stay alert and stay focused (watch out for this virus) keep safe your money and your wallet |
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Whether you are a newbie or you are a senior Member of this forum you will buy any crypto currency just like all, You can buy your Bitcoins from localbitcoins and then you can exchange your Bitcoins for ethereum (by doing that you can earn some money too) , You can directly buy your ethereum too just find a good dealer with good price and buy it.
The fact is that you must first find a place where you can buy the etherium for real money. After all, I'm a problem for a beginner will be that he can not even bring his own tokens without an ether. I don't think it is really hard to find a place to buy ethereum for real money, You are here on Bitcointalk.org you can create a thread and find a person and meet him and just simply buy your ethereums, Also, you can use some online exchanges to buy ethereum no worries! moreover there are now even dozens of local exchange sites in different countries and they can directly use their local currency to buy lots of cryptocurrency not just bitcoin, there is no need to confuse where to buy cryptocurrency, because there are many services that already provide sell / buy cryptocurrency, I think even a newbie will not have trouble to buy bitcoin right now |
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Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
Bitcoin's Value is volatile due to its decentralized structure that is why an irregular rising and falling of its value is felt frequently. Though its status so irregular, it seems that it's current status is going all the way up which makes it more recognizable now a days. i think the fluctuation occurs because bitcoin market still has a small marketcap so that any policy from the community or some users will give effect to the price and it makes the price quickly changeable, and in the future when bitcoin marketcap is very big because bitcoin is used by everyone of course price change on bitcoin will become slow and no longer fluctuate |
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Jack Ma's visit to Philippines says that cashless society is a no corrupt society. And for sure many will embrace this society and it all started before with PayPal and other exchanges and in he future there will be no more fiat currency and everything is digital. As soon as bitcoin will be announced by big business' tycoons they will start to adopt it, that's the implementation time for cashless society.
digital currency does not mean using bitcoin, it must first be known. yeah with digital currency then all transactions will be recorded in a network and it will minimize the corruption, because the government can monitor and control the running of financial transactions either in government or in society, so I think cashless society will be very useful, but for this era it seems quite difficult to implement |
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Which one suits you the most?
I am using the exchange web as my wallet because it can both be a wallet and can be trading. yeah you can use the exchange site for your wallet, but the disadvantage may be a bit vulnrable to hack because the exchange site does not have many security features like authentication, wallet backups, private key, or the like, but the advantage is that you will be easier to exchange with other coins or fiat currency |
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In my opinion, Investing and Trading was different. Because when you investing, you trust your money to someone. And can't do anything with you money, until certain of time. While, when you trading, you used your knowledge and skill to rise up your profit. But to think investing and trading was both risky.
yeah when you're investing basically is trust, because you will entrust your money to be grown by someone or a particular agency, the advantage of investing is you get the profit without having to do the job and you just sit and enjoy the result, the risk may be a scam or bankrupt, for trading you must have the skills and understand the market to be profitable here, the risk is price changes that do not match with your expectations |
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Holding of gold is always better than BTC in long run as market price of gold is stable and always increases but on the other hand BTC is highly unstable and you don't know when its market gonna go high and when its gonna go low. Also, in my country every house holds gold rather than BTC as its like a tradition and they believe that gold is good investment.
When we see the history of bitcoin the price growth is much better than the gold,so i think bitcoin is better than gold.Like you said the bitcoin price is highly unstable but when we see the long run it increases always.It will continue to rise untill there is demand for bitcoin.The difference is gold is an physical object but crypto is in digital form but we can convert in to fiat or we can use it to buy products but in gold when we change gold into fiat the loss is very high than compared to bitcoin. i agree with you that although bitcoin prices are unstable or volatile but if we look in the long run, bitcoin prices tend to continue to rise and show a significant development. in contrast to gold that has a stable price and the changes are very slow, for the profit problem i think everyone agrees that bitcoin is more profitable than gold, besides bitcoin also has other functions as currency, and that function is not owned by gold |
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We can't deny that risk does exist when taking such decisions since you are putting all your life savings at stake and risking their actual value to drop significantly if bitcoin's value drops , yet you are also taking the chance that your funds could grow or even double their value just in few days . It is a risky move but with higher risks comes higher rewards and your life could change depending on bitcoin's value . As for myself i wouldn't ever take such risks cause i don't want to put my financial status under any pressure and thus ensuring a stable situation for myself and my family .
That's the point. If you put all your money in one, this will put you in stress if Bitcoin's price drops. Though it will make you rich or earn much if Bitcoin's price pumps. So with this consequence, I suggest not to take all the risk. It might get you broke when you lose. Unless you really have plenty of money that will come. of course the profits will be greater if you use all your money but of course the risk will be even greater, imagine if the price goes down of course you will panic and stress because you must be very big lose, i think you have to know about plan so you will not endanger your life by using all of your money is at great risk |
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I do not think crypto will entirely replace printed money in the immediate future. I however see it as a very good possibility later maybe 10-15 years. we are already pretty much a cashless society with all the use of credit cards and debit cards as well as large companies paying payroll on debit cards and the transfer of funds on money cards of all types. The wave of the future is approaching.
Even in the next two decades I doubt that there is going to be any major shift to a completely cashless society, and a majority of the time I would not trust any sort of banking system holding some digits they can just delete ant any point if you just happen to not be a good goy. Having a banking system built around only digits makes fiat now even less valuable than it could have ever been, crime becomes easier in some of its own ways since people will now move to technical fields of study, siphoning a few extra dollars (which are no more than digits which control you) becomes something not completely inconceivable. TLDR Cashless societies are bad. I think no bucause the symbol of money is our identity that we have one nation, so paper money exist even if the digital currency is become acquainted. And yet paper money is more convenient for daily use for paying and buying in the store i think the ancient mind will think about it, no offense dude because the more sophisticated the world of technology will make it easier and it will be easier to shop and pay through digital money than using cash, i think in some movies have seen how to use digital money to shop, i have no doubt about the future of paper money that paper money will soon become archaic and unused, and will be replaced by digital money |
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Firstly we can earn by easy means. We don't have to give much time for it. Anyone can give time for it. Side by side you can do ur job too. Secondly transactions are easy. You will get money on time. No delay or no obstacles in between. You can try some signature campaigns and can get extra benefits. Invest money can get more than your previous amount. No interfere of government processes.
I feel that investing in bitcoin is a little bit risky because the price in these days is instable and volatile. The investor can lose his investment while on the other hand joining bitcoin forum and becoming a member of this society needs no investment and you can join this forum without the fear of losing your money. But it needs a lot of time to earn more and more money. I choose it because it is a business and a future currency. instead i think many people who come and invest in bitcoin because they see fluctuations in bitcoin prices can be utilized for their benefit, many of the users exploit fluctuations to gain profit quickly, i think stop to see fluctuations to be a disadvantages because price high as it is today and provide great benefits for many people as well as assistance from fluctuations, fluctuations are the cause of the many people investing in bitcoin,, |
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I am not really saving a lot from my salary. We have so many bills and the living is expensive here in my country, the salary is just enough for my necessary things, and also paying for my family. Thats why I try working online with Bitcoin and trading altcoins to make some additional income online.
This online work is helping me financially to save some amount for the future.
I know it is hard but you must save, especially if you want to retire and enjoy your life without worries, many people in the world are not saving for that day and when they are old and cannot work any longer they find out they are going to have to survive with very little for the rest of their lives. That's really nice thing if you are saying bitcoin till the end of your job you will get pretty income in the end because if we hold our bitcoins for a long term like retirement time then we can easily enjoy our life without any tension. i see there are many users from different backgrounds in bitcoin, some of them are using bitcoin to help with their daily necessities because their salary in real job is not enough to pay their needed, some are using bitcoin for extra income, however much income you get from bitcoin or real job, saving money for old age is mandatory, try to set aside a little money every time you get a salary, I'm sure it will be very useful in the future,, |
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Like every other investment such as real estate, stocks and other forms of investment we know that you can invest in that kind of things and then you get something like say a Certificate or a Binding Document as a proof that you are part of that investment, now that of bitcoin all you have is just your address, your password, key and seeds as proof of the ownership of the wallet. BTCSo now if one is considering buying bitcoins and saving for his/her children in the future is there any way to do that with bitcoins apart from having to write down your details somewhere. I'm asking because with that kind of stuff if no one knows your seeds or password no one can get the coins.  Buy 1 BTC now for your child and save it for him in the future, he will surely have a good financial status for his education by the help of those bitcoin I agree with you bro, 1 BTC is enough, because in the future Bitcoin price will probably be doubled or even more for our children later. Btw my friend has also prepared BTC for his daughter  what if bitcoin is not going to be worth in the future mate lol? strategies and plans are important, it will make you have other options besides bitcoin so when the worst possible happen to bitcoin in the future will not be too detrimental to you, but looking at bitcoin development, maybe I'll be a little bit confident that bitcoin has a long and future life that good one, so maybe 1 btc is enough |
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So much so that 15% of banks world wide expect to widely implement blockchain, which is a ledger of transactions updated in real time by various institutions, by next year, according to the report which surveyed 200 global banks.
These banks, mostly medium to large-sized institutions, are focusing their blockchain technology on three areas: consumer lending, retail payments, and reference data, which refers to the real-time information sharing of transactions across business divisions and institutions.
In four years, IBM says that 66% percent of banks expect to have blockchain in commercial production and at scale.
the reason to buy bitcoin is to become a billionaire and get rich, if you have bitcoin this year and keep it up to 10 years to come then you will get a lot of profit. i think there are many people who have the same reasons, bitcoin is becoming famous as a profitable commodity and it's no wonder that many people use bitcoin to invest because they want to get rich from bitcoin, because you need to do is easy enough to get rich from bitcoin, buy bitcoin and then hold for for a long time and then you will be rich, it is the attraction for many people to be encouraged to invest and get rich from bitcoin,, |
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