Of course altcoins have a chance against bitcoin. Maybe bitcoin will stay the most valuable coin, but they will be some coins who will overtake bitcoin in the market cap. Because there must be a coin who is suitable for a daily payment. A coin which is technically better and faster tehn btc and can hanlde all the transactions of the world. A coin like this will easily beat Bitcoin. It just have to be accepted by the majority of the people.
We can not have exact prediction for the future, because it is so long and we need to see more reasons before predict the value of Bitcoin will decrease by altcoins someday. However, I am sure the value of Bitcoin will not high if the cryptocurrency community use altcoin for primary payment. |
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Bitcoin is changing the way we live. Bitcoin is changing the way we do business. Bitcoin is changing the way we travel and save our money/assets. Bitcoin and blockchain technology has open new doors for people to do business with one another without the intervention of third parties. What do you make of this, huh? Share with us what you think. thanks  I think Yes, bitcoin can change the world because bitcoin is one of the important things that needed in the near future. And bitcoin need to change the world to be a great and better environment when it comes to our lifestyle and money currency. and also bitcoin can change the world by doing a lot in the lives of many.Those who are jobless thru bitcoin they earn money in easy way. Bitcoin is not a place to make money, but it helps the business can have a new payment method to pay the worker on worldwide easily. In the past, we just have Paypal and Visa/Master Card to use for payment on worldwide. But nowadays, Bitcoin and cryptocurrency became one of the best options for payment. |
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I think Bitcoin don't need it's own bank, because Bitcoin is like a bank. And everyone knows that. And most of the bank don't accept Bitcoin except if you want to exchange Bitcoin into money. So if you have a bitcoin, you have your own bank.
Bitcoin is the first currency make the world change thinking about the world's monetary. We are using the monetary managed by the government and we need to put all risk on them. But cryptocurrency can provide all users own their money, no one can decide the value of our currency, because it needs to get accepts by all the users, not by the government or the country's economy. |
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all money will be electronic. Already get there with payment methods like credit card, debit card, PayPal, and so forth. Most of my expenses are with credit cards, so I use my bank billing system to make payments on credit cards. So I do not use cash unless it is a small purchase. maybe in time there will be a bank that will accept the type of digital currency and not just btc.
Agreed it is new age and people like to use new things instead of only single method for it as payment with money people are now advanced they like changes. It is very easy for them to pay for anything even if they are at home so it is main reason they use bitcoin. it is also proved form start as people are moving toward crypto now and they are getting more involved to the digital currencies than that of paper money. Yes I believe all cash will be replaced by cryptocurrency. I believe that governments will still come out with their own forms of digital currency, however bitcoin and ethereum will continue to gain market share and other payment focused digital currencies like litecoin will also increase These days are days of era of electronic currency. However, thinking of replacing paper money is impossible. Everything we use to pay, transact, buy things all use fiat money. Money has existed since 600 years BC and we still use it til now. Many people choose to pay by paper money than pay online. Digital currency won't replace paper money. Indeeded, the history of FIAT and current monetary system is longer than Bitcoin and cryptocurrency many much. But, you have to understand the revolution of digital currency. If digital currency can helps us solve time to transfer money and transaction fees, why do we not change to use it? Example the revolution of credit card. |
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bitcoin is an asset.so i think you can understand the difference between money and bitcoin.
bitcoin is not control by govt but money can.
Aside from that, Bitcoin is a virtual currency that use to buy different kinds of alt coins to trade in, it doesn't also controlled by the government so you can make lots of transaction from time to time, while real money is type of money that are regulated by the government, it is the usual money that we use in our daily life it has also stable price unlike bitcoin  Actually the value of FIAT is decreasing every year. Every year, the value of food and everything are increase while the value of FIAT still "stable". Do you think it is stable or decrease? I think that because of inflation, the value of FIAT is getting worse. |
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i do not fear. the cryptocurrency has been a part of the economy now. So, i do not fear they can be destroyed or not. I will hold my coins until the market recover.
Holding your coin until it recover is a good strategy but to lower your risk, you should buy other coin to break even your investment. Thats why i dont panic at all because even I sell my dump coin, i can still recover it because of my strategy to buy at others dump coins which is usually at top 50 altcoins in the marketcap. Buy other altcoins will not help you recover your funds in the bearish trend. Did you invest altcoin in June 2017? If you were the buyer in that time, you knew the price of altcoin just dump and dump until August 2017 and December 2017 to pump 50% or old highest price in the past. |
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In my country, the most important issues are about work, and health
low levels of poverty and education, resulting in a lot of unemployment, and this makes the crime rate even higher in my country
If the country lacks the basic infrastructure , education and health facilities it means that the country has a long way to go before it can self sustain themselves and each of their citizens can live happily in their country. Majority of the country face this problem and it is indeed a huge problem as human beings who are poor and cannot afford basic stuff government is not able to provide them or do not care much for them. You can not only blame the country economy. I am living in a poor country, but I am still working hard to make more money and improve my life everyday. As long as I still keep my fire in my hearth, I still have reason to make me must to work and work more! |
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If you are not basing on your mistakes for your next trade then it will not change your perspective in trading because for me, trading is a good source of income and not because you made a mistake or experience a loss then you will just keep experiencing it on trading because i think that traders needs mistakes that will make them smarter over the time and that is the time where they will get a lot of ideas for making more and consistent profits.
Right, it really do depends on the trader. It is normal that when a person made a mistake, and he knows when and where he went wrong, he would totally try to avoid to do the same thing. As a trader also, I really do think that having experiences will shape you to become a better trader. You just have to understand what you did and not just go with the flow. We trade because we want to earn money so we should not depend on what is just laying there on the table but at least try to add something good in there. Be tactful, we don't need to be smart to be a successful trader, we just need to know what we are doing. Be happy when you have loss, because that loss helped you get more experience and make your trading skills be better. For those who still have not loss in the trading journey, you do not need to compare your loss with those people, because they did not know feeling of loser and solution to solve this problem. |
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Well I think studying first is the best way to start trading. If you think that you've learned enough, then try it but brace yourself for the possible loss you must have a fortified emotion before going to warzone. Well you must know what will happen to you because it is a gamble you don't know if you are gonna win or loss. Because bitcoin is very unpredictable. Just learn everything first from your friends, google, youtubes and of course there are so many things that you can learn here in bitcoinyalk.
Gambling is not good because it is having risk if you are not able to play well then it is not good for you just stay with investment, trading is also not children play mate before this you will have to know how and where you should trade only then you will be able to trade with proper timing and proper strategy. I know bitcoin has a lot of sites so it will guide you about bitcoin trading and then you will get in bitcoin trading with a lot of profit. You have a point dude dont ever try to enter in trading industry if you dont have enought knowdlege about basic procedure of trading every single move you do are risky in only second you can loss or win. Maybe start only with a small capital then practice or make familiar with the trading platform after you gain knowdlege proced to big capital and try to earn a profit. But that is precisely what many people do, they think they are going to be able to earn a fortune at trading without any knowledge, in a way they are treating trading no different than gambling and as you may guess they get similar results, they may get lucky once in a while but your losses are going to surpass your profits and eventually you will lose all your money if you are not careful. I always calculate the amount I need to spend for my loss and the amount I can earning from an order. After calculated careful many times and consider careful, I only invest when I am sure my target can reach and give me more profit than the loss x1.5 |
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Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
Bitcoin money transfers are relatively low cost compared to international bank transfers. Sending money abroad using Bitcoin (or other Cryptocurrency) can be done without using any banking system. This positively affects the economic development of a country in some point your right mate,the decentralization of bitcoin and the crypto world affect t development since the popularity of this community is now known worldwide,and many users consider this as main source of doing transactions.the worst thing is government wont even get some cents from this,thats why many countries pushing to implement taxation on crypto so government will benefit from this and so as the community You have profit, you have money, you are living in a country, you need to spend some money to improve your country because you are depending in that country to live. That is the obligation of everyone and you should be happy to do that, because it proved Bitcoin is legally! |
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Reading the responses to the recent topic titled, "I would sell all my bitcoins if…." has left me concerned.
The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
I think it was too risky. First of all we have no assurance that bitcoin will be there til future. Besides, there are still many users that tend to hold it for a long time. However, the decision will always from them. Base on what I have read here, it is better to sell some of it when its price dumps to gain bigger profit. In the bearish trending, the best choice to help you keep safe your capital is sell to USDT or FIAT. Then, buy Bitcoin or which coins you are trading again at lower price to help you optomize the amount you are holding. Although in the USD rates can be lower than the past time, but you are having profit. |
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I think so, bitcoin nowadays has a big contribution in economy of each country. Bitcoin now is become popular and many people discovers it. Poverty is the major problem of each country that faces in past years until now. I think that bitcoin can help each country to decrease the number of people that are poor because bitcoin can gives a job to the people who seeks for a job. It maybe side line or a real job. Also the price of bitcoin can help to the economy because it can contributes a help for the projects that can help poor people. Well i dont believe that bitcoin can really end the world poverty because it is just a digital instrument that can be used for gaining.The responsible for that matter is the people who live on that persfective country to act as one and maybe the economy will rise if everyone helping each other to gain profit for good,because even if bitcoin is there and no one will believe on it bitcoin is useless in short the poverty status is depend on us not on bitcoin. A person is lazy but wants to has money, do you think this person have money in the future? Unless this person is lucky and get support by someone or winning lottery tickets, I do not think this person will have money from Bitcoin if this person does not want to work hard and spend its brain gray matter. |
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Right now i trying to mining a lot of coins, i thinking its mabey its good to save the coins like 6-12 mdr before selling it.
Can orther explain about its a good point else about the risk its to high to lose to lot on it?
Its better to save it and then invest it through bitcoin , and the half of it sell it or invest it through different alt coins such as eth , and its better just to invest it than save it investing through bitcoin will double up your profit or income , and the bitcoin value is still increasing. Although the Bitcoin value is still increasing in past time but we are staying in the bearish trend of Bitcoin. I do not know the bottom price of Bitcoin in this bearish trend, but, the price of Bitcoin still has low price like now till next month. |
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No i don't think so , a lot of people wouldn't have been attracted to it. Most people came to make money and a few came because they like the technology.
I think if the price of Bitcoin is stable more people will invest in it as they will be sure they wont be at a loss. We should try to make Bitcoin price stable for larger amount of people and unstable prices only favor handful of traders, but I think it's very hard. Do you want the Bitcoin become stable? Sorry, but it is impossible. You have to know the interestest things of Bitcoin is its volatility. No one wants to put many money to invest a stable asset, because it does not help them have good profit. |
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Thingking that fiat is no longer used by people, and bitcoin is the current currency used, is pretty cool. There is no problem on it, besides it is more better. When it will be legal in every country, real money will disappear. Were stepping forward to the future. And Bitcoin is the future by its decentralized beauty platform.
Never! I agree with you paper money or credit card can disappear someday by the new monetary system, but it will not be Bitcoin. I am sure that! Because Bitcoin should to use for investing or trading, an asset for the market. It is not a currency. |
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I believe that they're popular mainly because well it was the first of all cryptocurrencies to be made. Honestly most of the other coins are scams and greedy ways that the developers make money. The only other coin I can think of that isn't a scam are dogecoins! What do you think?
I think is bitcoin is the oldest so definitely it has already itself. And now people are going into bitcoin because the price really surge in the last couple or years or so. While others try to catch up with bitcoin, however the hype on that coin died down and we didn't see the so called flippening. And more people are also learning how to earn bitcoin through trading and investment portfolio as well. Like Gold, when the people still think Bitcoin has this value, its value still high like now. But until the world set the new (low) value for Bitcoin, I will not be surprise to see it below $1,000 again if the Bitcoin price is really a bubble value. |
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Bitcoin use for online transaction and the price is continue to increase so you can make profit if you have bitcoin.
Cash is for offline transaction and if you have cash the value is still that and the price will not increase.
As you said, Bitcoin can raises its value and FIAT can not do that, right? So, you can call Bitcoin is an asset, a crypto asset instead of cryptocurrency like we are calling, because the value of Bitcoin is not reasonable to using for the world's monetary system. |
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Everyone wanted higher bitcoin price and we achieved this but another problem become transaction fees. When bitcoin's price was low, we had to pay also low fee and now when it rised, we have to pay high fee in bitcoins and plus that high fee is more higher with current price. Is this fair? The higher the price, the more money miners have with bitcoin exchange.
To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.
There are some exchangers that has a higher fee but the security in their website are also very high and you can really trust their system while others with lower fee's has a higher chance of being hacked so i think its fair depending on the websites policy. We are talking about the Bitcoin transaction fees, it is not related the exchangers. High fees to withdraw money from exchangers is normal, because the network increases the fees to get fast confirm, so, exchangers also need to increase this fee. But, that fees also help them have more profits, this is the truth.  |
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I am sure that banks will take the blockchain technology and will use it as they got many other thing of technical progress. We will see it in a near future it is obvious thing. Let’s wait how banks will be transformed.
Current Blockchain implementations are still too slow, comparing to such payment systems as Visa and Mastercard. On my opinion we need at least few more years to get new generation of Blockchain, fast and reliable for global financial systems. This is not true, scalability is not a problem for all altcoins based on blockchain, Ripple can handle 1500 transactions per seconds, Stellar 1000+ T/s, and Raiblocks even 10,000+ T/s. It's a problem of mass adoption and customers' trust, but the technology is already here. If banks adopt blockchain technology, customers will have no choice but to accept it. Most of the banks and financial companies are already looking into it to adopt it for their needs Accept Blockchain technology and Bitcoin (a cryptocurrency) are different. You have to know cryptocurrency can not manage by the government or anyone. It is managed by all users, this is the concept and benefit of decentralized network. Everyone is equal, all have same access.  |
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In my Opinion, I'm not sure can bitcoin change the bitcoin world because there are few country already ban the bitcoin, and also there some place that doesn't have an internet connection. Some of people don't know the benefits of it. Only I can say that I believe that bitcoin can change the way of lifestyle because of Bitcoin we can earn fiat. Bitcoin help to decrease the jobless in some country.
The value of Bitcoin fixed by the human, by the cryptocurrency community and they are also the investor, of course, Bitcoin can helps they have some jobs to work like me, but for the long time work, I think blockchain technology will be better than Bitcoin. A currency and a technology and solve all problems about the trust of the world. |
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