Loaning money for example is going to cost you more money so in fact you have to pay for money. But you should only take a loan for something important that you need in live. Do not take a loan if you do not have a good reason to do so.
Yeah if you make a loan in loan service provider you must includ or give an a valid collateral to make your loan approve like in this forum but if you make loan just consider that you are borrowed is you can pay for it to dont get any problem. If there will not be an escrow then I think the better way is to have valid id's shown also if the loaner or borrower just wont mind. There have been a lot of scams with this things. Maybe that could minimize this from happening over and over again. Well we are in cyber world even though you are going to show someone a valid id you can just google it for there are a lot of identity theft's that are already happening. So I would say that it is still not guaranteed, in cyber world it is really hard to build trust for the people especially when there is a monetary value involved. |
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I do believe bitcoin has achieved those status of internation currency already, countries and a big part of the population hasnt recognized it yet but we are able to send any ammount between countries soo its just a question of time till bitcoin be accepted and recognized.
It is already used as a international currency but as of now there are still flaws that needs to be furnished because there are still many countries that are not yet accepting bitcoins. But many are already using it as a gateway of transacting to anyone in the world. So it is good to be considered that bitcoin is already an international currency. It is indeed used as one and I think that it can come very far but it needs some help and than maybe it can accomplish doing this, right about that. I am very satisfied and happy that bitcoin is being used globally and I do believe that in the future people is going to make bitcoin as an international currency. And base on what is happening today, that is going to be already on its way for it. But we just need to wait more for more adoption so that that is going to become applicable already. |
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I am a little skeptical about online lending. I'd rather lend to someone who I know personally than transact with a person over the net. That is why I am simply just holding my bitcoins right now and just waiting for the opportunity to sell. I am still looking for other investments that would not require me to monitor it on a daily basis. Something that gives me 15% annually as passive income would be great.
Investing with a lending business is really going to be a risky business if you are going to make that business online. Because out of the internet as we know there are a lot of people who are going to be a good borrower at first but after receiving the bitcoins they need. They will just suddenly forget you even though they have their own collaterals. |
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maybe i will teach my kids to do faucet like play games with bitcoin reward and i will explain step by step what is bitcoin, how to get it, and what we gonna do with our bitcoin. i think we can teach kid by doing some play but don't teach them for playing gambling.
This is a great idea on how you are going to teach kids with bitcoin and for sure they are going to enjoy that. And make some other competition , so if you are teaching 2-3 kids make some tournament for them whoever is going to have the most claimed faucets and highest satoshi's will be rewarded by you. And that is going to make them learn more about bitcoins and encourage. |
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Hello all am new to this forum,but for me I think bitcoin need to send to people who will understand it very as they understand banks too.
Well first of all, welcome to the forum and I am quite curious how can you be new here in forum if you are full member with 182 activity already? But you are right with that, we need to make bitcoin well known for the people we know so that the next year is going to be going to be another great year for bitcoin and we are going to benefit for it. |
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Yes you should believe in the bitcoin because it has a great fiuture and it will grow a lot more so its just a matter of time before the bitcoin will become very popular!
This why many people are starting to use bitcoin for we believe that we are going to have a great future with bitcoin. And for those unemployed people instead of looking a real job. They are just working with bitcoins by different ways like trading, gambling and as well as selling their services to the people who needs it. |
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I'm having the bitcoin for the fact that I can control it by myself and also because you can easily pay with it all over the world.
This is why I have bitcoin too because I can just simply send some bitcoin funds to anyone that needs some of bitcoin especially my relatives. And my main reason why I have bitcoin, because I do believe that bitcoin is going to give me good future so I would say that when I am going to hold a lot of it. For sure I will harvest it in right time. |
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Bitcoin is very unique and very high quality currency. Many positive characteristics can be made towards cryptocurrency, but the fact that delighted me not to be, because my life has not changed for the better by the fact that such a good bitcoin.
Well for me bitcoin did really changed my life and that is why I value bitcoin too much now because when I don't have some source of income and I just want to have it through online. Then I found bitcoin and base upon on my researching what happened is that bitcoin is really the answer to the things for I need in my daily life. |
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I will prefer to hold them without investing them anywhere, because many scam site are always release everywhere.
with holding I can sell them anytime when I look higher price of bitcoin.
This is what I am going to do either because the Christmas season is already on its way. For sure a lot of bitcoin users will going to take advantage to buy bitcoins when they are going to receive their bonuses and that is going to make the price of bitcoin increase. So if you are going to hold your bitcoins today, then you are going to be happy in Christmas day. |
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I think that the bitcoin is used global i dont know if he is designed to be global but when he is not designed for global use there will not everybody on planet have bitcoins so
i think he is designed for global use.
Me too I'm thinking that bitcoin was designed to be global. Because this is the first currency that we can be used all over the world. And we don't have to convert it to our fiat money in able to have transactions abroad. And good thing that bitcoin has been adopted by many people so we are not going to have any problems for its mass adoption. |
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I use it mainly for online remittances as I leave abroad and I need to send money to my family on monthly basis and bitcoin has made it very easier for me as I can send it at any point of time with minimal fees.
Well for sure those people who have relatives abroad is going to see this as a good reason to try using bitcoin because this is going to help them to save some good amount for sending it and the receiver would receive it after a couple of minutes already. I have known some of my friends that started using bitcoin for remittance already and they're happy because it is tax free. nice reasons, but those are reasons for bitcoin use. but why would a customer want to use bitcoin. in a store for example. also bitcoin is not tax free. or would you like to make the point that if a go to a store an buy a banana for a certain price (which usually includes taxes), but instead of fiat i use bitcoin and the store owner gives me a discount since bitcoin is tax free? This reason is really going to encourage people who have relatives abroad to use bitcoin. Because that is what they work for to give their relatives to have a good life and even a single cent is able to help them to save. That is why many are going to love bitcoin and start to use it in future. Bitcoin is tax free there are just some miners fee. |
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I haven't bought bitcoins yet what I am doing is I am just claiming in the faucets when the first time I knew bitcoin and I don't want enough money for buying bitcoins. So instead of buying, I am just working for it and getting free satoshi's with faucet and as well as some joining some giveaways and doing some easy tasks.
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The only way i do know to grow bitcoin is working, or providing some service, os be at signature campaing, besides those people does consider the rest a waste of time soo why not try sport betting.
The risk that comes with sport betting is high and some people don't know when to actually quit whether winning or losing. You need to have self discipline when going for sport betting I don't recommend gambling for growing your bitcoins and that is not safe at all. And anything or if you wanted to grow your bitcoins there is no safe way on it, just always remember that. And in sports betting instead that you are going to get good profit or grow your bitcoins possibly that you are going to lose your bitcoins or investments there. |
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You can't know for sure how long your transaction is going to take to confirm. Even with a good fee, sometimes it takes a couple of hours to get this first confirmation.
The fee with bitcoin transaction for sending or confirming it is really great and that is one of my least favorite thing about it. And even there is no certain waiting time on when the transaction is going to be confirmed but base on my experience the confirmation takes only 5-10 minutes and after that your transaction is already confirmed. |
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If this is for real then Russia is seeing a great opportunity for using and adopting bitcoins covering by their law. As we all know that Russia has a very powerful armament country and has a good market for weapons. I don't know if they are already in the dark market and they are going to make a law for it. I just can't even think that Russia once prohibited bitcoin in their country.
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I got it for the hope of it going up. I really wish it happens, and I hope there aren't 9 numbers (0.00000000) just because the creator wanted to randomly put nine numbers there. If Bitcoin would get to $100m, a satoshi would be equal to $1. Insane!!!
This is why I do have bitcoins too I am hoping to have good future with it by just holding it. And so far I am not disappointed on what is happening with bitcoin because my expectation is quite happening already and that is making me happy that I am able to have some funds on holding and would sell this on the right time. |
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I had a interesting discussion with a bunch of students from a 1st world country over the weekend. They made some good arguments,
which needs to be addressed. Political views aside, what would motivate people to use Bitcoin in a country where there are loads of
other payment methods to chose from?
Some reasons I gave them was :
~ Danger of centralization and all the evils associated with that.
~ It's cheaper
~ It's faster {should be under normal circumstances}
~ It's FREE to use by everyone {no permission needed}
~ It's global
What other reasons will you add to this, to convince someone to dump their current payment methods?
one of reason I use bitcoin is because we don't have word "interest" in bitcoin world while banks have. besides, we don't pay tax when we save bitcoin in our wallets. we just pay fees when we want to send bitcoins. Well that is why my reason either because I am really interesting with this best crypto currency and upon seeing the road map of bitcoin this is the strongest one. And good thing for us who are earning bitcoin we don't have pay taxes and as well as the fees are very cheap whenever we are going to have transactions with it. |
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It's probably less than 2 million. I don't think a very high percentage of the population know much about bitcoin yet and even fewer have any.
I think seeing bitcoin not so famous course bitcoin users would not be too much. because if bitcoin users more than 20 million users, of course bitcoin is already known by many people? but in fact the opposite, the user may range between 5 million I think below 5 million or we are still not in millons of user who are using bitcoins.. because bitcoin still not so well known currency online even my friends did not know about bitcoins. i share already about bitcoin but they don't what is bitcoins so i think we are still few users of bitcoin.. and growing for other bitcoins or old users maybe they are not using it again right now because they are already got their goal.. just like others members here or old members here.. I think we are already in millions but I don't think that we are already 5 million people and my estimation would be only 1-2 million people I think that is quite reasonable and even though we are not even 1% of the world's population just look at the price of bitcoin because of its demand the price is keep on increasing. |
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Well, if bitcoin die, I think we should move on the highest altcoin, because if bitcoin dead, there must be a more severe coins that replaced its existence. but I think bitcoin will not die, because the whole world already use it, so it may be very detrimental if bitcoin removed suddenly or die
ETHEREUM will replace bitcoin!!!!!!! I sure about that according to from their market cap it's really easy for take over the bitcoin place if bitcoin are gonna be a die and the another important think are need to be remembered for us this is will irrelevant things in this time. You are wrong with it no alt coin will ever to replace bitcoin and bitcoin is not going to die either. Why people wants bitcoin to die? I don't have any reason and idea why people should think about this. Maybe you just wants another meta in the crypto currency industry but that is impossible to happen because bitcoin has been well established. |
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Invest is always a good idea with the bitcoin bedcuase i know that lots of people are making money with the bitcoin and that is really nice because the
bitcoin needs to make money!
You are right with it investing is really a good idea and that is going to help you to get into riches if you are just going to be able to have good investments. And I only know some of good investments and I would say that I will just going to stick with investing to trading because that is legit even though it is really risky. |
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