For a few mBTC I use blockchain.info wallet. It was my first client and I stuck with this. Nowadays has only one good feature very useful for me. Pairing with my smartphone. Mainly I use a desktop client and I go with electrum. I thinks are obvious the advantages of an open source light SPV client.
I guess we all love blockchain, I never had a problem using it so why would I change though. I'm using it for many years now and so far the experience is still the same, it's great to use it. |
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Well I see it as battle of centralized and decentralized system where centralized have an edge over that decentralized system since the first one is supported by the government. Having said that there is an authority behind cashless society, there is a big chance that it will kill bitcoin because it already do the supposed to be function of bitcoin. Aside from same sort had been tested for several decade now and had been proven to work great unlike bitcoin which is at its early phase of development and application.
So one factor that cashless society could possibly kill bitcoin by making the government to eliminate competition and that is banning bitcoin or same sort of decentralized cryptocurrency.
A cashless society may happen but it is not going to happen everywhere at the same time, it will happen sooner in the developed countries, but in poorer countries cash will keep on existing so a possible solution for some time will be if you live in a cashless society is to buy cash from other countries and then use that cash to buy bitcoin and once you have it you can use the same channels as before to buy stuff with bitcoin like purse.io. I agree with you on that, the fact that majority of the world's population are still living in poverty, they are not subject for a change in the future as they will still continue with the old ways. |
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That question has always been intriguing me. Reading about possible control over Bitcoin by the government, I thought about the ways how they could actually do it. One idea that came to my mind was to print enough fiat to buy all bitcoins existing and get done with it for good. But then I recalled about the top Bitcoin holders including Satoshi himself keeping their coins, and it struck me that they might not be selling their stashes just because of this, for the fear that government could easily buy up all bitcoins that are traded and turn into the biggest whale itself.
How likely is that?
Printing that amount of money will create inflation which will increase the price of bitcoin and if some entity a bank or government began buying bitcoin like crazy then the price will become even higher, smaller holders may sell their coins but the ones holding huge stashes may decide to hold since they will understand what is happening. If time will come that banks will hold bitcoins then it's a positive signal for us to follow them as well. They see great success for bitcoin and that gives us confidence to follow their actions. |
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bitcoin will survive for sure until 2100 , this will happen only is gouverments will not have something wrong with it
Of course, the rate that is going now is something that can convince to believe that the future is great for bitcoin. It's the final chance of bitcoin to rise after a hard fall way back in the past, so this will continue for sure. |
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I think that it will be a lot bigger and also more known so that is good, another thing I also think is that it will increase in price and used globally.
Only if bitcoin continue to go up like it's going all this years. To keep this progress will not be easy, this is going too fast in some moment, can bitcoin keep up the pace it have now? I think bitcoin will worth much more then now, and it will be used more then now, but no one can predicted this accurate, the ones that will be close will be rich if they believe in their predictions. Of course it cant but neither can any other financial instrument that goes wild for a bit then calms down. Just wait it out and hold tight. I think we predict the price of bitcoin to rise and will continue to rise, for 20 years, I guess there's going to be a major changes for the years to come and that should be positive. It's a long journey to hold but with faith we can do it. |
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Just to let you guys know a big crash is coming in 2016 in the economy. There is going to be a huge financial crisis but it will be worse than 2009.
The bitcoin price will skyrocket to over $10,000. However bitcoin will be banned in all western countries. If you are reading this living in the west you should make preparations to move to Russia or China they are the only places you will be safe owning bitcoins.
The crisis will be so big it will destroy entire countries and in 2017 there will be a civil war in the USA, UK and western europe. After this the world will never be the same again it will change so much by 2020 it will be unrecognizable compared to today.
this thread has created last January but the year 2016 is almost gone and there were only 3 days left before 2017 but there's no sign that bitcoin will jump high up to $10 000 . by the way  how could predict it all ? how could you say that there'd be a civil war in USA and European countries ? how could you predict the consequences on 2020 ? . your predictions appears to be very impossible so stop doing it again or Liam Neeson will take an action for you lol just kidding . it is just a wild speculation, a wild prediction that turn to nothing. and i guess op itslef has been banned because of his wild fantasy about this lol. this is a place to laugh for abs350 the nonsense speculator ever live. there is no big crash in 2016 , all is just a skyrocket price from $700 to almost $1,000 within a week. True, it's not good to think it's crashing when the price is skyrocketing. Why such people think of the failure of bitcoin when it can give more benefits to us when it will continue to be progressive. |
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I want to reverse the question and ask; If gold price is $10000, will fiat be worthless? Is there any difference? Moreover when someone bought two pizzas with 10000 Btcs was a clue that btc was worthless?
Back then btc was still worthless so it is very understandable that he ended up buying pizzas for that huge amount. Nowadays it will be a very different story of course. Gold is pretty much different than fiat, both can live up well alongside with each other and it happened for thousand years already however it is a different case for bitcoin If only we can turn back the time and buy bitcoins to hold now then we will be rich easy. Life is really full of surprises because we do not think that it will grow this big like what we have witness now. |
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The Bank can still be trusted, we still depends with many banks, transactions and money circulation can not leave the bank. And also the government always protect the bank, imposible for us if never trust banks.
Bitcoin is getting popular but bank will always be here to serve us, majority of the people are still trusting banks as it is more safer than bitcoin. Bank is a business of trust in fact, so when people loses trust with banks, they will stop operating. |
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will not happen in my country because theres a lot people confident with the old style.. they dont give a trust about online wallet thing so.. i think bank will not disappear  It's not they don't have the confidence to use it, the main hindrance to adoption is they do not understand bitcoin because most of them have no business using bitcoin. Especially old people, they are resistant to changes, they want the old school. |
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...
I have always been an advocate of steady buying, at approximately equal dollar amounts (and its very close cousin: dollar cost averaging). I bought a small amount (in BTC) just this week.
So even if BTC price keeps going up, you would buy LESS BTC for about the same $ as last time. Price goes down, you would be more BTC. Slow but steady buying also means that you ARE buying, and that you will not lose out big-time (nor, of course, would you have made massive profits by buying at the bottom). But, NO ONE can adequately predict the future, so slow but steady buying of Bitcoin (as an investment/speculation) makes sense to me.
I like what you are doing, you do it slowly but with consistency you will be able to accumulate a bigger amount of bitcoin. Price fall back may happen soon but who cares, bitcoin is strong and it will rise back easily. |
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Its always better to invest money instead of saving. By saving, you just make your money idle, but by investing your money grows gradually.It would be better to invest in Bitcoins as its price is steadily increasing.
But if a person do not have much money to put in a good investment then he do not have to go for smaller not guaranteed investments but he then need to wait more to save his money to a reasonable amount and after that he have to look for a good place of investment. If you dont have enough funds to invest then all you need to care about is your daily necesities and not about how many you could invest or save anymore. It is very irrelevant however there are many investment that actually come with small capital and people could actually make a good use of it however people always wants something with high return If a person is a low class or what we called poor, They must do saving or investing because in saving/investing it can help them to buy all their necessities without having a problem. They can start doing that by saving a small part of their income and always do that and after a few months they can try investing and also do compounding to grow their money even more. Poor people wants to save but they have no chance to do it, they are earning a low income or others are not even earning, so their money is used for their daily basic needs. How can you save when you are not earning enough for your family to survive? |
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China can't control bitcoin, it is freely tradable so any people can just buy it.
BTW, I heard that CIA or FBI has a big chunk of it, as they are kinda involved in the beginning... which is scary.
I think China can control bitcoin because users from China more than 51% of the total bitcoin stok, we can see from exchanger from China always infect the bitcoin price. No, even China has that percentage of total stock of bitcoin or most of the miners are found there. Still they don't have control for bitcoin but they can do something to make some waves on the changes of bitcoin but that is not going to be effective immediately. The effects of their contribution within the price of bitcoin is happening slowly and not that very fast. We, the users are actually the one who's controlling bitcoin, though they have the stocks but without demand the would not benefit it. They are taking bigger risk because they know base on their speculation that bitcoin is going to be big time in the future. |
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It is possible for one to loose his/her bitcoin to a hacker if one does not take the necessary precaution to safeguard one's loggin information.
Yeah it's mostly because the wallet owners don't pay attention to the security system like they only have one-step security or they forget to log out their wallets. Sometimes it's just because they are unluckily chosen by the hackers to be the next target of stealing bitcoin, or maybe other unsual cases like there was one time when a bitcoin user of this topic accidentally generated a wallet which already has a huge amount of bitcoin. It is possible to get your bitcoin wallet hacked if you don't take good care of your private key. You can't have the option of being carless with your passwors/private key. Make sure keep it some where safe and try to enable 2FA if you're using wallets such as blockchain.info It will happen at users fault, it's our responsibility to take care of our private information to access our account, without it our bitcoins are gone and since it is not bank where there is insurance we cannot recover it. |
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Most altcoins are garbage, but there are a few that did advance the blockchain technologies and made us better understanding the cybercurrency. Yet none will ever getting close to bitcoin.
Some of them only but it's easy to spot the legitimate altcoins, you have to make sure you invest in a big funded ICO and altcoins that has a good roadmap. |
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They might remove PAPER money but I doubt goverments would give up on their currencies that easily. They're much more likely to encourage the use of cashless transactions. That's already the case now for many people. Have your pay sent directly to your bank account, use debit/credit card for purchases, it wouldn't take that long for them to just get rid of the paper money. If you think about it, they might like that better since they save expenses by not printing.
They cannot completely remove paper money, imagine how many centuries paper money has already serve us and people are already very comfortable using it especially those people who lives in the country or area where online transaction is not popular. |
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That is a silly question, If bitcoin price will reach 10,000$ then fiat will still worthy because you can't get those profits from bitcoin if there is no fiat because that is the only way we can choose to convert your bitcoin into money. Making fiat worthless is impossible because that is the traditional way of having transactions in different country and nothing can easily make fiat worthless.
Government won't be working anymore if we choose to have bitcoin rather than fiat, we will kill the fiat system if we say fiat will be worthless and the conversion of bitcoin will not be according to fiat value. |
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You can invest btc on steam
You can buy skins in counter strike go and start trading with them
That is base on your passion or your interest when in comes to investment, if you do not want to take much effort in investment, just simply buy bitcoins and hold it longer, it's easy but effective. |
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Who is gonna do that? "Never" selling bitcoin. That is not a practical way in using bitcoin. Yes, We know that bitcoins are good for long term especially on its price because year after year the price is commonly moving up but we don't need to hold our bitcoin until we death because we can't enjoy its benefits, IMO holding bitcoin at least 5 years is enough for you to enjoy your profits from your investment because i think that would be enough for the price of bitcoin to be double or even triple.
yep and i think many people will hold their bitcoin until they see the good price for them so they can sell their bitcoin and make profit. many people is waiting for another increase of bitcoin price in new year and they really need to be patience to see the new price of bitcoin. beside that, if we have to sell our bitcoin, then don't forget to enjoy your money to buy something you want so you can make another benefit with bitcoin too. Holding is the best option for now as the price has increase, however as an investor for long term, it is also necessary for you to ensure that you have a specific plan in the future so when the amount you are waiting to see will happen you can sell eventually. It's not good to just hold as timing is what is necessary when investing, we cannot expect the progress will continue to happen but at least we take advantage when it arrives to us. Of course, otherwise you are just investing without a direction and you know you will never gonna succeed due to lack of vision in a real life investment. |
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Nothing is impossible true, but its highly unlikely. On the race there is always some horse noone would bet. This 100 dolar option is a blind one, three legged horse. Maybe he will win. Who knows?
We may have to wait for a bigger crisis to see another fall back that would reach to that price, I bet if the OP is still willing to buy after watching the fall back from $900 to $100. |
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The easiest way to gain profits with our investment is through bitcoin investments because many people from different parts of the country are keep attracting to the bitcoin daily, so future of the bitcoin investment will give you good returns, may be many experts are keep suggesting that the bitcoin price will increase year after year. Let's hope for the best.
for long-term investment in bitcoin will be very profitable, saw the potential of bitcoin is very high, many people began to be interested and then they use bitcoin, this certainly will be sustainable and create bitcoin have a bright future It's always possible with bitcoin, long term investment is good with bitcoin because the price will increase as the demand increase. It started great this year where the price grow substantially, so this must continue to happen. |
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