I think some people will lose trust as more exchanges go down with their money. If that continues, it could destroy bitcoin.
But I don't see it happening, the only thing that can destroy bitcoin is its own value, if value goes to zero then it would directly destroy bitcoins, so the value is the most important factor in deciding the future of bitcoins. |
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In 20 years I should have 20 BTC so I would be retiring by them. Hopefully I can reach my goal this year, then hold long term for those 10 to 20 years and retire nicely. I am going to start spending until I achieve my 21 BTC dream, after 21 I will start spending some, but never go below 21 so I always have that number on my wallet, but it will take a lot of hard work still to get there.
Yeah, 21 btc is dream of many of us, and we are putting all efforts to achieve that goal, but its not gonna easy to reach there, but once the goal is met, we need to keep all those coins safe in cold storage. |
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Banks and governments are the main force that is holdfing back bitcoin's success.
Besides, bitcoin is still in its infancy and it is very complex for the average joe to use it as an every day currency!
That's true, banks and the governments are creating an issue with bitcoins, as they are not standing tall in support of bitcoins, unless this issue is not solved, people would hesitate in using bitcoins. Yeah, if government makes is legal than majority of issue can be solved, but I don't see it happening in coming future, as if government support bitcoins then they cannot hold control over it. |
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I think the best method is trading. trading like any other investment method has its own risks but at least you can make an informed decision and calculate those risks. this way there is a bigger chance of success and resulting profit at a much larger scale than traditional ways.
Yeah, if you can afford to take risk than trading is the best way to grow your bitcoins, and it is less risky as compared to gambling, people choose gambling over trading, but it is not recommended. They found trading as a 'boring' one unlike the usual gambling types. Also the usual gambling type out there is more entertaining than looking at the buy and sell orders in an exchange sites. But they didn't even know that 'boring' will really give them a really nice profit enough to cover the loss they made in doing usual gambling type. Yeah, that's correct and I believe that gambling is a waste of time and money, as if you gamble on sports you need to keep constant watch on the updates of the game without doing anything else. |
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At present, no one is controlling bitcoins nor it will be controlled in future, and if the government will take over on bitcoins, then many people would stop using bitcoins as a currency.
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No it will not disappear bitcoin as banks are not currency with which bitcoin is in competition and the banks will sooner start working with bitcoin as the banks job is to work with currencies and bitcoin is a currency.
And may be Bitcoin itself require the need of banks if it took physical shape.
Absolutely true. Users here make use of bitcoin wallets whether online or offline but these also are online banks. We need a place to store those coins and these are called banks which would exist forever. However, I believe that bitcoins would possible reduce the use of fiat cash in future and people would prefer crypto currency rather than owning hard cash. Yeah, people would be more dependent on digital currency as compared to fiat, but that doesn't mean that banks would simply disappear, bitcoin would be used strongly as fiat currency is used at a moment. |
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Price will cross $5k mark by the year 2020 I guess, as the user adoption will reach to a new level by then, so more and more users getting into bitcoins will allow the value of bitcoins to be higher.
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I want that bitcoins should be used in all restaurants as a mode of payment, as I would love to pay for food in restaurant by using bitcoins, but I really believe that it will take long time in my country.
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As bitcoin is being decentralized, no one have control to it. It is a Peer to Peer Currency with no central power/processing unit. we can say, we have a Wallet with some bitcoin then we have some control to some bitcoins.  That's true no one can control our bitcoins except us, as it is decentralized so no body can have control on it, and its good that we are having our own bank in the form of digital wallet and we have total control over it. |
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how can i claim my 0.05 bonus? I have already sign up
Username - kartaggen
BTC - 1J2vZ5KrtXoLST1PR1ZB9UM8W7VUPcHRVG
Thanks
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Of course. Western union or any money processor will have fees required to pay before they send any thing for you. Bitcoin is good that way in that you won't have to pay anyone to send just a small miner's fee  True. almost all the money delivery method requires a fairly large fee charges, such as banks, western union, paypal, etc they all charge a fee for each transaction remittance Banks, Paypal, WU have become history for me, the day I started to use bitcoins, I have never saw the faces of this financial institutions, as bitcoin is taking care of my needs with least transaction fees and in very less time. |
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I recently bought bitcoins, because I think it may be worth more later.
I also hope that I can profit from later retrieve it.
yeah most people buy bitcoin for investment. I want to see people using bitcoin more than that, such as using bitcoin for payment brand their sites, etc it was very interesting, the investment is already too mainstream Yeah, investment is the primary reason for people holding bitcoins, as everyone wants to be rich in future, but bitcoin is very helpful even in day to day activities, like buying goods online, or converting it to fiat or paying for bills. |
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I just sold my bitcoin, having bought at the price of $ 372, that I do to gain an advantage, buying at low prices and sell at high prices. it always managed to make us profit That's the best way to make profits out of bitcoins, even if it is giving a small profits you should sell it and do not wait till it reaches the moon, as we don't know what would be the price of bitcoin tomorrow. |
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Slow and Steady wins the race, same is the case of bitcoin in my country, it is getting popular day by day, and people are adopting bitcoins at a moment but not at a high pace, but its good to see that people are showing their interest in bitcoins.
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Bitcoins is now climbing its height at its speed. No one can say that it will disappear or become unused at this moment because we know that bitcoins will last long and if something happens in the world all the bitcoins users will fight for that and get the rights what all the bitcoins users wants. Its the power of bitcoins.
Yes bitcoins are going at very fast rate and now it become an integral part of daily routine for many people. Many people used it daily for their routine transactions. As it is growing fast there is very rare chance of disappearing Bitcoins and I personally believe that it won't happen. Price maybe low or high but Bitcoins always survive. It is not really going at a fast rate new. The price is just dropping which is kind of scary to see. You don't to be scared if the price is dropping down, that is the bitcoin process and its nothing new to us, price dropped down in past too and again it went higher, so at this stage we need to have patience and wait for the price to go up and it will surely reach to a new level in future. And the reality is that we as traders like that ups and downs in the price of bitcoin, so that with that we earn more by trading it. Especially the short-tern fluctuations give us more chances to earn faster. That's true people are making good profits in short term by taking the advantages of price fluctuations, as bitcoin allows us to make good profits in quick time, and bitcoins will never disappear, it will grow more day by day. |
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I hodl 90% of my bitcoin as long term investment and spend/trade/gamble the rest.
Also doing that but I do it with the 80% percent I have available. I also buy much stuff on the internet with it so that's why, I think its the best to get profit. Yeah, buying and selling services can give you some good profits, and yes its better to hold our bitcoins at a moment, as the price is not too high, so we should hold our bitcoins and should sell when it crosses $1k mark. |
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I see a great potential in business of buying and selling bitcointalk accounts , can be done to grow bitcoin, buy account when ranking is still a member and sell them when the full member, I think it's a very safe investment, all things considered.
But you also need a buyer to buy accounts, as you see the present situation there are very few buyers who are willing to buy accounts, but if you have good contacts and have good trust then you can surely make some income out of it. |
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I didn't, sounds crazy that some people bought bitcoin for such a high price. I don't blame them though, nobody knows where bitcoin is going
Bitcoin is very unpredictable.
At the rate it was growing it didn't seem "such a price" at all, people were just thinking it would continue to rise indefinitely... Yeah, and people who have bought for that huge price would be definitely disappointed with present value and they would surely stop having faith in bitcoins but the only thing they can do at a moment is to wait for bitcoin to climb up. |
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Yeah - bitcoin is going to become better and popular but it won't replace fiat. Each has its place in the economy.
If the digital currency becomes very popular, and everybody uses it. There is no reason for fiat to exit. I also believe that Bitcoin has a good future. But I think it's really going to happen later. The price is in fact now very low. And many people are negative about it. Yeah, the mindsets of the people should be changed then only bitcoin will grow in future, if bitcoin doesn't get enough support from the society then there would be delay in bitcoin getting on mainstream, but bitcoin will survive long for sure. |
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I already asked my mortgage company if I could pay them in Bitcoin and they declined...I was not surprised.
companies are still dependent to fiat and the banks, they won't really accept bitcoin, except if the company uses bitcoins too or if the boss uses bitcoin too,  Yeah businesses will definitely need banks for their financial transactions, and they will not use bitcoins at a moment, but I really wish that banks should start accepting bitcoins in near future, that would be great. |
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