Let's not get ahead of ourselves here. At the current price, the $650 resistance will be tested in the coming days. Let us see how the price behaves from here on in. If the price successfully breaks that resistance and eventually goes to $700, I hope it is not too soon. Too fast a rise almost always results in quick drops as well. Better for the price to move up slowly, and pull back a little so that it is something that's more healthy and within the normal movement.
The 650 price is quite holding quite steadily. I think it will break that resistance soon. It does not matter if it reach 700 too soon as long as it stays there. It has reached that price before and even hit 800 a few months back. If not for some bad events, it could have stayed at that price and it could be higher now. |
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I think future of paper currency is still long because many people don't even know what crypto currency do, so first we must promote crypto currency.
It's been so many years and yet under 20 million people heard about Bitcoin or used it. However, it'll take way less time for the number to double because of the pyramidal scheme: the more people there are interested in it, the more people will hear about it. Yes, we gotta make Bitcoin heard about but that will take a few more years. However, when it'll become a big thing, governments will do something about it. I think most of the online people already heard about bitcoin but majority of them are not interested especially the business minded person. IMO, traders are benefiting on the existence of bitcoin because they can trade without limits and as well as their earnings will do. In addition, gambling industry are also booming but people who are attracted to bitcoin is only a small portion of the total population in the world who uses paper money so the answer is already obvious, paper money will live long..  There is no bad effects anyway if fiat continue to exists or remain the most used currency in the world. Bitcoin is not made to replace them anyway. Bitcoin is an alternative payment scheme that gets away from using third party. But since the world is going more online, bitcoin will be the future currency to be used. It may not be immediately, but in the future it will be. |
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bitcoin or any digital currency has the potential to replace the fiat currency but it might take a while in order that to happen,it is not easy as you think ,right now we are using debt and credit cards for purchasing ,but people are still using paper currency to purchase goods and not every shop accepts debit or credit card,when everything becomes digital then we can think about replace paper currency
Sorry but I cannot agree to that statement, bitcoin is good as a digital currency but it has only limited function which is solely for online transaction, fiat are government regulated currency and it give us an assurance that we are using a legal tender that will protect the interest on both transacting party. In the future, online transaction will be for more than 90% of all the transaction. You can do one with a mobile device. It will take atleast 10 years till the we achieve those moment, sure almost all people does have a phone, but internet at some countries are expensive, because its new, anyway over the time i do believe we will be doing almost everything online. How ever long it will take, the point is, that is the direction we are going to. So, if most of the transactions will be online in the future, then bitcoin has more power than fiat/paper money in that time. And when that time comes, it is possible that bitcoin or digital currency will replace paper money. |
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If you compare price wise, then The Bitcoin is more popular than USD. But if you compare security wise USD is best in this world. Yup the USD is legal currency in all over the world and USD is paper money. But the BTC is just digital currency, and many countries does not aware about this currency. So according to me, USD is first next BTC.
Price does not determine popularity of bitcoin or USD. And about security, USD can be counterfeited, but can you say the same with bitcoin? I do not think you can generate bitcoin out of nowhere and include it in the chain. |
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Feel like age has made me more in tune with my financial investing and having a lady in my life keeps me from going off the deep end and doing something stupid with my money. So I make a point of talking to a lot of older folks to tap in to their wisdom on how to make a decent life with what you got and its really made me respect money more than I used to.
That is good for you finding a lady that knows how to guide you in managing your finances. Not most people can find a partner like that. Aside from talking to old people, you can also read books about managing finances. It helped me a lot in learning how to control my unnecessary expenses by reading a lot of books and applying them to my life. |
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It would seem that everyone on this message board thinks that Bitcoin is worth it, why else would we be here? Yes, it is worth it to me - not only for the potential monetary gain but also for what it means for the entire world. Believing in Bitcoin is worth it to me.
Not everyone, others want to spread doomsday rumors about bitcoin so that their alt coin will gain more momentum and increase in value. Some are here just for the money and instantly dumping once they receive their pay. I think only very few have genuine concern on bitcoin development and future. |
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For me it is just a currency that gains more value over time. It is like dollars to me, I wait for a few months and see if the price gets high and exchange it to local fiat.
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I think bitcoin is better.I don't use paypal.
i agree with you that bitcoin is much more better because bitcoin is available in everywhere in the world for shopping and a lot of people are using bitcoin because transaction is very faster and secure and bitcoin transaction fees is very much lower. I also agree because I have dream to buy few things and this was not possible because paypal is not available here in our country now just because of this bitcoin its possible for me to buy many things and its reaching to me very quickly without any problem Yeah you are right that paypal is not acceptable in everywhere in some countries and bitcoin is really acceptable in everywhere and i also do not paypal because fees is very much higher and bitcoin is very useful nowadays. so you're actually having opinion that paypal which is now well known amongst online store and being primary payment method aren't available everywhere whilst online stores which accept this payment method are far much more than the online stores which accepting bitcoin Maybe he does not have a real paypal account, I know paypal was one of the popular payment processor online because most of the freelancers online are required to use paypal, just now that when bitcoin is getting popular, some employer are shifting to bitcoin since they can save for the fees. That is what I thought too, he does not experienced using paypal at all. Paypal does not allow payment to some countries but it allows payment to almost every country in the world. The advantage of bitcoin over paypal is that it can process payment anywhere in tbe world, with very few fees. And the payment takes only a few minutes. Unlike in paypal, it takes a few days to withdraw your funds. In bitcoin, you get your bitcoin to fiat almost instantly. |
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For the 3% gambling guys here putting all their money into bitcoin might seem to be good idea but i prefer to invest in less risky manner. Bitcoin market isn't the most stable, all know that. And finally we have pay our bills with other currencies still  I'll invest larger amount in bitcoin if i have larger income. Thats the strategy for now Even if you have higher income its always good to put only certain percentage of your income in bitcoins as you never know what will happen to bitcoin in future and if price falls then it will give you big loss. It all depends on your tolerance to risk. If you have higher tolerance to risk, then go ahead, invest a larger amount in bitcoin. Just be sure to invest only the amount that you can afford. It is true that you can lose big if the price falls but you can also win big if the price goes up. What matters here is that you know the risk you are taking and that you will not go insane if you lose that large sum of money. |
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Do you always missed the right time to sell or buy bitcoin?
If you mean selling on the top of the price and buying on lowest price before it pull up again, then yes. But it is alright for me. What is important to me is that I sell on profit. It means even if I buy at a high price, like right now, but if I wait for a few months and sell at a higher price, it is still okay for me. |
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I bet for the price to reach between 1000 to 2000$ in the next five years. so I think 500 - 1000 BTC is enough to make me a millionaire. The question is if we can collect and hold that much in the next 5 years. It is near to impossible to me, but I think others can do it.
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i think almost all of investments is scam after they get at they're quota they will become a scam like other investments scam :3 i think that we can't risk at investments because they will stole your btc they will let you profit low and they will get your high balance. Not all investments are scam. It is true that it is hard to weed out the honest investment sites from the scammers, but there are honest investment sites. If you get scammed before, maybe because you did not researched enough to identify the scammers. Some investors just want to throw money and not do their part. And when they get scammed, they'll whine. |
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Maybe in the future I will be number 1 but for now I am number 2. I have no choice anyway, If I need to spend my bitcoins, I have to convert to fiat first. If someday, I can spend bitcoin directly, I will be number 1.
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your idea is good but I dont think uber will like the idea of you getting tips in bitcoin.Are you in some sort of contract with them?I dont know how they work in your country but here in my country they have deal with local taxi drivers and they have to follow fares set by uber and if some driver charges extra,they revoke their agreement
I do not think receiving tip thru bitcoin breaks any rule. Tips are given out of the generosity of the passenger for the good experience or service. It is besides the fare. If there are a lot of bitcoin users in their community he might get a tip. Otherwise, it is a good way to spread awareness of bitcoin. I cant conclude regarding with this because its on Uber management if they allow this kind of thing regarding on bitcoin tipping but as you said recieving tip would not break any rules but for sure uber would get a percentage of those tips if they are aware with it. Uber already get their percentage on the fare. I got this on their help page about tips. I do not think they still get something from the tip the riders are giving the drivers. Any cash gratuity offered by a rider is voluntary. If a rider wishes to tip you, please feel free to accept. |
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If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it.
For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new?
Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example?
What are your thoughts on the topic?
I think this question can be answered by reading the white paper https://bitcoin.org/bitcoin.pdf . I think earning a lot of money from bitcoin is just a side effect of his creation. Anyway you can earn from any currency, even the scam ones. The most important part of bitcoin is having a payment system that works on a trustless network and does not need any third party. |
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Well the SEC approval this weekend caused the price to rise larger amounts to what it is now at.
So I would imagine the ETF approval will do the same since they essentially tied together.
So that is why the price suddenly jumped to 670+ this weekend. But I am looking for any advantage other than the price going up. |
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Recently, i often see discussion about Bitcoin Bank. More and more people come here and ask about bitcoin bank & surprisingly i see few user agree with this idea.
So, i would like to find out the percentage of user who agreed with this idea.
Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
p.s. we don't talk about bitcoin debit card.
The idea of bitcoin is removing the third party, in which, if we agree on having a bitcoin bank, then that is the third party. It also removes the anonymous part which we all love. |
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Regardless of all the tips that are shared about security and keeping coins safe, many still prefer to keep their coins on exchange.For sure this is the easiest and most simple way to keep coins,but we all see what's that way in terms of safety.One day you have coins, the other day someone hacked exchange and enjoy your money on a tropical island.
Of course that offline wallets are not 100% safe,but if user take all necessary steps to secure his funds, chance that you may lose coins is almost negligible.
nobody in his right mind would "prefer" to keep his coin (money) with a third party. only some newbies who are not aware of the dangers would prefer it. any traders that want to have an open order don't "prefer it". but sometimes you have to otherwise you either miss the chance to buy/sell because you withdraw everything! That is the risk traders have to take if you are trading on a daily basis. Aside from missing a buy or a sell, you are also incurring more fees on the process. You'll be the one to balance which will you take, more fees less risk, more missed trades or less fees, more risk, less missed trades. |
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Have you guys ever used bitcoins like a payment method?
How hard it is to explain to someone what's bitcoin?
In your country there are many stores where you can use the bitcoins?
Do your friends related to bitcoin? Do they know what exactly is a bitcoin?
I tried explaining bitcoin once to a friend, and I was bombarded with questions that I cannot answer directly. I think I convinced him not to use bitcoin instead of the other way around. Some of my friends know and own bitcoin but most of them does not know or care about bitcoin. |
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