I hate bank ever since, It is because banks are so ridiculous. And for the sake of other's belief and idea about it,
all bank are involved in regulated industry or centralized system while was vice-versa of all banks.
The bank system is very disgusting and irritating me because they almost make my father bankrut by giving the loan interest that goes up every month and I do not want his store confiscated because of the bank. I do not really like the bank, but I still depend on the bank? What do you think? |
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Volatility can't be controled but it will get more and more reduced as market cap and daily volume increases over time. Bitcoins volatility is proportional to its value, at higher valuations it takes more fiat to move the price in either direction.
That means more marketcap or volume in the bitcoin market, will make the fluctuations slower or smaller. What if someone has a large bitcoin capital and can reduce and increase marketcap in the market? Surely they could have manipulated fluctuations right ? |
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Like all things, you can invest a percentage of your money an save the other. That will guarantee you to be calm if bitcoin doesnt's works in the future, but i will suggest you to take the risk and invest your money.
I think bitcoin is very profitable and very unfortunate if you miss investing in bitcoin. The risk of investing in bitcoin can be reduced if you have the patience to wait for the price to go up because if you're ready to be patient and wait for the price to go up. Then the profit you will get from bitcoin |
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Indeed with bitcoin is an instant way to get rich, if you know him like me then you will have lots of bitcoin. With how hard you can get rich instantly with bitcoin.
Correct, but people moving towards the etherum smart contracts projects instead of blockchain based one. This is not good for bitcoin first. Always be stick with the bitcoin to be a topper the bitcoin saved and you gonna earn in future. You're all wrong, Bitcoin is not a get rick quick scheme, it's a normal commodity you can invest in like gold but it's very volatile that's why it's prices rise quickly and frequently and it also falls at the same rate and so if you make your mind you can only buy and profit after a while you might be disappointed if it takes an unexpected tumble like in recent times. Yeah that fluctuation will make you get rich quick, because you can see the price can change quickly and it will benefit you repeatedly with a short time, or a change in price with a fantastic price increase, that will make you rich, but very likely Bitcoin can also make you lose even poor because of fluctuations as well |
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What I know is that some people are worth billions nowadays because of bitcoins. And also heard Cuban was talking about bitcoin like he have missed an opportunity of a lifetime. So there must be billionaires who are in
Lol yeah even people who have millions of dollars today because they get rich and benefit from bitcoin, many of the users have become rich from bitcoin? It is the proof that they are trading and getting rich or buying bitcoin when the price is below $ 100 and selling it now, and they are already millionaires now and certainly still investing in bitcoin |
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High volatility is the issue, volatility of bitcoins makes it unique from other currencies and it is attractive feature as business point of view. Volatility can be controlled if we have a stable market of bitcoin (which is in fact not possible due to its characteristics in my point of view)
We can't control volatility since it is decentralized and demand is hard to predict. Some countries planning on implementing it can make its value really high. Stable market can only happen in short period of time and can change as fast that we don't even noticed. Yeah of course it can not be manipulated or set by someone. Unless bitcoin is not decentralized and owned by someone of course owners will do bitcoin price manipulation for their benefit and profit. But the bitcoin is decentralized, so bitcoin will not be able to manipulate its fluctuations |
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Now I am using electrum. Because I don't believe online wallet. Online wallet can be hacked any time. Though blockchain.info is also a good choice. But I am going to suggest you, to use desktop wallet electrum.bitcoincore,simple bitcoin. but I love electrum.
Desktop wallets can also be hacked with certain viruses, all at risk for hacking. But choose the wallet with the lowest risk, you can use desktop wallet like electrum, you can add a good antivirus so that it will lower the risk to be hacked |
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In my opinion, I will save bitcoin for future purposes. Because I believe bitcoin will have a good price someday, and also the world of ecommerce seems need a digital currency to simplify the transaction. In addition because bitcoin has many supporters and developers then this becomes very interesting and has a good future
Of course most users will have plans to store bitcoins for long periods or saved for their future. I think it's a good plan seeing the huge potential of bitcoin in the future. I also have bitcoin deposits for the future |
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I don't think there's an instant way to get rich, it takes time and effort to get it. Are you sure the bitcoin price will be high as it's now if you bought it 4 years ago. We can not really predict the bitcoin price. Only those who see value and have a strategy on investments that can get rich
I think it might happen, look at the holders that have held their bitcoin from 2014-2015 years ago, many of them are patient from that year because they believe bitcoin prices will skyrocket, and they are patient with holding hundreds of bitcoins, and now they become Rich with instant |
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Going all in may not be a good idea, especially for them. Few are those prepared psychologically for the high volatility in the market for Bitcoin and cryptocurrencies in general.
Why it is not a good idea? Crypto's are the future in currency and digital transactions. And if you don't want to take the risk of volatility of bitcoin then don't invest with it. I think it's a good idea if young people are going to go all in with bitcoin because they are the future of this world. Once they have bitcoins it's going to be their future assets. I agree. The volatility is not an important issue for the people who invest their money for long term. This idea is for the future of young people. and In my opinion, this is a very very good idea. The profit potential of bitcoin for the long term is indisputable. Small amount of bitcoin investment for young people can make them rich in the future. If they start in their young age they can earn big in the future ,though they should set their priorities ,maybe putting their extra money on it can be the start then studying it little by little can be a help too. I included joining bitcoin as a teenager, I joined bitcoin in 2013 when I was 17 years old. And for the past 4 years I've gotten a lot of things from bitcoin and it's changed a lot in my life you know. Even bitcoin can pay my tuition to college, teenagers should try it |
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Most people would suggest that you wait as btc will probably rise, however, you also have to factor in how time-sensitive your purchase is
Well if you own 10 bitcoins and all of them will buy you the car you want, maybe you should just buy the car that costs 3 bitcoins to get you from point A to point B and in a few years spend another 3 bitcoins to get that car that would have cost you 10 bitcoins before. Make sense? Yeah if you want to be patient and hold it up for the next few years maybe you will buy a car or any other goods at a cheaper price, because the price changes from year to year will always go up. So if you want to be patient you will buy the car you want with a cheaper price |
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Currently I only use web wallet, I've tried to use offline wallet but less I like because of bother and many settings to do. But to anticipate the hard fork issue I'd switch bitcoins to some altcoins like ETH, Litecoin and some other coins.
To use the offline wallet you need to download the wallet and first you need an internet connection and you need to wait for the desktop wallet to get the sync, then you can use it. In fact the arrangement is not too complicated, only this wallet is less flexible |
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can they hack into our wallet. There are many professional hackers out there. What are the chances? Also what is the safest way to safeguard ourself?
If you have a secure wallet, a desktop wallet with security like anti-virus, or something like that, or if you use an online wallet and take advantage of additional security 2fa like google auth, sms verify, etc of course it will be very difficult for hackers to hack your account |
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I think they're both very good, especially if you have both. Gold may last you for decades, maybe you can use it when it's been 10 years, and bitcoin is excellent for short-term investments, if you're great at using it, of course you can make a lot of money with it.
Gold would be beneficial if you could hold it for a long time and safe also but to wait to get a profit for a long time (+-5 years) would be very tedious to expect, so I only use bitcoin for back up plan, and use bitcoin for main investment |
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We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?
As what you say corruption is everywhere it is driven by greed. But luckily bitcoin is decentralized which means no banks are involved, banks are also corrupt for my opinion. I don't think that corruption is involved yet to bitcoins or any other coins, maybe the maker or something. But lets hope corruption will not occur in this industry. I think at this time the bank will not be too helpful to save the results of corruption and will be very visible if you do money laundering and keep it in the bank. Because of course the bank can be transparent if requested by the government to see suspicious transactions. With bitcoin will all be a secret. Maybe bitcoin will lead #imo |
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I believe one of the reason why some people prefer bitcoin over fiat is the feature of store of value of Bitcoin. Having Bitcoin instead of cash enable us to have or gain more value though the downside is the opposite but since the market is not yet saturated and the incoming update seems bullish, there is more chance for Bitcoin holder to earn or gain value overtime.
Of course because by storing bitcoin people will benefit more than just storing fiat that does not give any benefit Of course people prefer bitcoin than fiat for the benefit. I think nothing more than that because in addition, fiat is better than bitcoin in all things |
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I just always wonder if those billionaires still invest in btc. Do they even know btc exist?
Yes they do. In fact, Bill Gates and Richard Branson where are billionaires was confirmed as bitcoin investors. This is I think the main reason why bitcoin price are more likely to be stable and make dumpers more difficult to make a volitality for its price. Yeah it's a proof that millionaires and millionaires are also investing in bitcoin, whatever they do in bitcoin, for profit or something else. At least it makes the name bitcoin slightly soar because with it bitcoin proves that bitcoin worthy to be a place of investment |
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Bitcoin is not able to overcome poverty in the country because i think bitcoin can only help the financial needs of some individuals and bitcoin has nothing to do with poverty but to reduce poverty i think it could. IMO
Yeah bitcoin can help financially users for better, but you know that not everyone uses bitcoin let alone poor people of course bitcoin can not solve this problem. Bitcoin can only help by reducing the poor people in the world |
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Well its hard to convince people to like bitcoin but i think when you tell them all about bitcoin and show them all your transaction i think they will like bitcoin eventually, i personally show all my profit to my friends when every time i tell them about bitcoin and they like it.
The thing that makes them change from hate to being curious and interested is making them jealous, make them curious by giving proof that you get a lot of profit from bitcoin. Usually people will change their mind when they have the chance to earn a lot of money |
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Saving Bitcoin is both, fun and very useful. At the.begininig most of the people probably have collected Bitcoins because of fun and because that was something new and inovative. Now people want Bitcoin because of its value, so now it's more than fun and for some is even way of life and making for living.
Yeah initially I also use bitcoin for fun like trading, gambling, etc, and then get a profit and I'm so happy to get that thing. But as time goes by, that advantage makes me want to earn more and then I think to save a few percent bitcoin for the future |
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