No i do not think that storing of bitcoin is against of bitcoin because there is maximum people are storing their bitcoin for the future because they surely know that bitcoin will be much more increasing its price and then they will be use bitcoin.
I know that it is not against the whole bitcoin economy. But holding is not helping the adoption of bitcoin but because we can see that we will have good profit as we are going to hold bitcoins, then many of us are doing this. And we are being more encouraged to hold a lot bitcoins because the price now is increasing rapidly. |
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Bitcoin increasing rate is so great right now and in the future it will be greater, the bitcoin price increasing is fast and i predicted there will be so many company that is going to adapt bitcoin in the future, so now is a good time to invest some of your money to bitcoin, because bitcoin will be more valuable in the future
This is many are saying and now it looks that all of us are already seeing that this is happening. And if you won't buy bitcoins today you will see the price of bitcoin on higher price and if that happens, you don't have choice but to buy bitcoins on higher price and you will miss the chance of getting some profit if you won't buy today. |
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Experts do not undertake to predict, but are doing tests on the basis of economic data and taking into account the global crisis trends. Why not a stable dollar. The crisis in the economy has not only in one country, but all over the world. This is due to the fall in oil prices, and many other factors.
And US is biggest contributor for the crisis, so if their dollar crashes most of us will be affected even we are in the bitcoin sector. Because majority of the countries are depending to the economy of US. That's also because their debt now with China is becoming larger, that's why they want to start war to whomever. Because it can make their economy boost again. |
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Gold is rare, BUT bitcoin is more rarer than gold.
How do you reach that conclusion? I don't consider Bitcoin as "rare". If you have a reliable supply of electricity and a good mining rig, then you can mine Bitcoins from your home as well. But for mining gold, you need to travel to far away places. There are going to be only 21 million bitcoin unless they change the code and most accept it, while gold is rare in the planet, the universe is immense so there are lots and lots of gold in asteroids and other planets, and while that may sound like science fiction some estimates say we could begin space mining in 2 centuries. I do not think they will change the code. If they increase the number of bitcoin by just 1, the price will crash. I was not suggesting for the code to be changed in fact despite all the incredible features of bitcoin one of the best things is the cap at 21 million, Satoshi without a doubt thought this through. but most likely bitcoin will become one of the investment and transaction tool that has the ability to invest more than gold. Well, the price of bitcoin is always increasing and likely to exceed the current gold price. bitcoin can also be used for long-term investment case of gold. so I think bitcoin will become something shiny than gold in the future you are absolutely right. With such growth rates Bitcoin very soon it will be more expensive than gold. And not just for a few dollars, and in some times. That is why more profitable to invest in Bitcoin Bitcoin will be the digital gold and this is going to be considered as better than gold by many people. Just look at the price of bitcoin it is now becoming higher and higher as the day goes by. And for sure as the 2017 is coming more beautiful things to come with bitcoin. Let's just don't expect that bad things will come and hopefully it will surpass golds market cap. For current when we compared with gold maybe yes, but there are still many countries that make gold as an investment. What is bitcoin is the best a coin? For now yes, but many cryptocurrency analysts who still doubt the bitcoin is best. The current security problems and speed became an important issued. Thus an observer cryptocurrency more recommend another coin i.e. Monero or Etherium could replace the bitcoin. I don't think that those alt coins will be able to replace bitcoins if you can see the market cap of crypto currencies it is clear that the highest and on the number 1 list is bitcoin. And it will be just for those other crypto's to replace bitcoin when they will able to surpass the current market cap of bitcoin or else everyone will return to gold. |
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As long as the state does not stop trying to make Bitcoin controlled and users are not forced to pay taxes, then as long Bitcoin is particularly outlawed in some countries. This is sad.
And the fact that bitcoin cannot be controlled by the state then illegal activities will remain and won't be forced to be gone. Because even in fiat money, it is being controlled and produced by the central banks. Still the government is having hard time to fight against those criminals who are using it for their illegal activities, it is by nature that criminals can do everything just for the sake of their illegal activities. Governments of the world control fiat, tell me have crimes involved fiat disappeared? No, then the government does not have the power to stop crimes committed with bitcoin, at best they can capture people after the fact, but they have no power to prevent it. In other words bitcoin and fiat are just the same that there is illegal activities happen control by government or not.. Well for me bitcoin is just a business if you have it.. you can buy and sell it the value of bitcoin is unpredictable so bitcoin has a value anytime they can use bitcoin as alternative so i think not only bitcoin are uses in darkweb they are also using other payment method like perfect money .. Perhaps in the future will seem new prospects for Bitcoin, especially if all transactions are legitimate. If Bitcoin is strongly related to drugs, weapons, and other criminal bids, this benefit will not go, but instead provide a lot of problems. What do you think about fiat money? Dollars? or your local currency? Aren't they related to those things that you have mentioned? Criminals are even wiser now and since bitcoin has value of dollars then it will be used for their activities and because of its transactions that doesn't require too much information, it will be abused by them. |
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Give a man a gun and he can rob a Bank. Give a man a Bank and he can rob the world.
Are you serious about this man? LOL. Paper money is all love and use. They are very popular. and yet very few people know about Bitcoin. that is why in the future, all paper money will also be live
That is not true. Macbooks may be popular now but something better than a Macbook may come out in the future and replace the macbook for apple users. Or Xbox may be replaced by something better. Same goes with curencies. Paper money is worthless, and will be dead. i think it is too early for that, as a very little number of people are using bitcoin majority of the people do not know about bitcoin, they have even not yet hear the name of bitcoin and therefore they are using fiat currency, to me i think it will take decades when al the people of the world will start using bitcoin. Paper money can't be dead either because it is controlled by the government, it can be dead but today and for the next years it is going to be hard for a decentralized currency to make it replaced. It can be replaced by being upgraded from paper money to digital money but still that is a local currency that has been transformed to digital. every government wants their currency have good value in the international market, no country want their currency to become devalue, therefore they are giving strong support to it, and the second reason is that still people have no other best option available which can fulfill all their need therefore they are still giving preference to their fiat. There is a country that devalued their currency and if you have read and heard the news that India devalued some of their paper money. But there are some reasons why they did that and that's good enough for the bitcoin economy. Unless a country have some other plans and they need to discourage their people to devalued their own currency. |
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Bitcoin is have freedom to use to those have knowledge on it. And bitcoin can used anything you want you can gamble in bitcoin you can invest it si bitcoin always do you want to do. You have freedom to use it.
And there is other countries that are not allowing to use bitcoin and I feel sorry for those people who lives there, because their government is not regulated the usage of bitcoin so instead of letting their people use bitcoin. They just totally put ban on it, because they think that it can harm their banking system and probably it can be used for hacking. |
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Give a man a gun and he can rob a Bank. Give a man a Bank and he can rob the world.
Are you serious about this man? LOL. Paper money is all love and use. They are very popular. and yet very few people know about Bitcoin. that is why in the future, all paper money will also be live
That is not true. Macbooks may be popular now but something better than a Macbook may come out in the future and replace the macbook for apple users. Or Xbox may be replaced by something better. Same goes with curencies. Paper money is worthless, and will be dead. i think it is too early for that, as a very little number of people are using bitcoin majority of the people do not know about bitcoin, they have even not yet hear the name of bitcoin and therefore they are using fiat currency, to me i think it will take decades when al the people of the world will start using bitcoin. Paper money can't be dead either because it is controlled by the government, it can be dead but today and for the next years it is going to be hard for a decentralized currency to make it replaced. It can be replaced by being upgraded from paper money to digital money but still that is a local currency that has been transformed to digital. |
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Even if they want, I think they can't. They are violating our freedom if they do that, they can regulate some transactions involving bitcoin but not the entire system of bitcoin, they can't change it from being decentralized to centralized.
you're wrong if you talking about your freedom to government. they don't give a shit to that thing it's was for the sake of country's goodness and involving many people. an individual rights will not matter anymore. and it's true if they can't rule and regulate the whole system of bitcoin. they can't and will never be That's why they will just make rules and regulation for the usage of bitcoin and not the entire bitcoin system. And that's were we will be taxed or something regulated and governed by the government. If that is already implemented then even if don't want it, we don't have choice but to follow what they are implementing, just think that we are helping them. |
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The best way I think to manage money is to understand that you do need to save and can control the urges to not buy your wants and just pay your responsibilities. You can manage your money through apps, knowing what you paid and how much you save. The first thing when you get your salary or wage, you take an amount already to save. You take a part of it to savings, and apart of it from responsibilities. You should always keep in mind to save then spend what's remaining rather than to spend then save what's remaining. It's a sure way to have savings and completely manage it using an application. That's how I do it.
I don't use apps for it yet, but the idea is worth trying. I'm already appliyng the practice of separating necessary items from unnecessary things. But that alone is probably not enough, it's also necessary to do research in the market to be able to substitute more expensive items for cheaper and quality ones. You don't even have to use apps, what you just need to have is discipline. Because if you are valuing your money and you won't use it for something unusual and that's what you intend to do and makes you to be a good manager of your money. I guess it is effective to do it on the old way, by simply making a list of your expenditures. Apps can help but you are right we need to have a self discipline, it is just a matter of knowing your priority and you can start to manage your money effectively, true that it's hard to manage our money especially when we are not earning good enough but we have to because it's for the future. Apps maybe some of good help but still it won't be able to make you encourage at all. The courage must come from the person who really wants to manage his money properly. And I can say, that is the best way to manage money and learn to make yourself put value to the money that you are earning so that you will spend it wisely. |
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Yes I still believe in the bitcoin because it has a great future and will go to a higher amount without any doubts.
It will stay here for most of the time in my eyes.
You surely not reading what this thread is all about. the answer is obvious , if u never got into the property cycle or dont have the uber high paying job or welfare Queen status with Gov supplied housing or lastly deal drugs, u would hate Fiat to the core! the endless print cycle is a joke  I will always believing in fiat because im always using it everytime im selling or converting my profit bitcoin into fiat money and if there's an thing or there an website that i can use my bitcoin to buy anything i want then i don't need anymore to convert my bitcoin into fiat. As most suggestions I too believe in fiat, because it is not that easy to buy anything with bitcoin at the moment because only limited products were available in limited stores. With fiat can purchase anything we need after converting our bitcoin to fiat. We don't have a choice but to believe fiat within these days because usage of bitcoin is still limited and not all the people knows about it. But once the whole government of the world started to recognize bitcoin and dumps totally paper money. Many of us will lose interest with fiat. |
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make your brain works ,you will see how easy you can make more than 1btc in a month,,1btc is nothing if you already have a licence or a master, you can make 1btc or 2btc in one week
Yes, if he is a professional that has a license for sure that 1-2 bitcoins he is aiming will be just nothing compare to their salary. But it seems that he doesn't any license but maybe drivers license only. Trading can be an option but you can also just do some signature campaigns to gain such an amount, you than of course need a good one but its possible.
By doing both it can be helpful but if he is not that knowledgeable in trading he needs to study first. he is not the only one who is interested to earn that monthly. There are others who are joining the discussion that have the same aim as him.
Let's just wait for him to reply to this thread so that we can make this clarification on what are the certain skills that he has so that we can suggest appropriate ways.
The real help could be given only with more about him. Might be he live in exotic place or he have some skills. I see he is scared by comments. I guess he is not scared to comment maybe he is just having some holidays or he is in vacation or experiencing some internet and power interruption and not able to reply to this thread. |
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If people only save their bitcoins and they don’t spend any satoshi deflation is next state. Many people in this forum advise others to don’t spend and the price goes up. May be they had forgotten that bitcoin is currency and must be in circulation. If people don’t use it for what reason do you want to have it? All are offer and demand.
Bitcoin like any currency is meant to be used to trade, to exchange hands and the more exchanges the better since that means that the currency is useful and needed, if no one spend their coins then a drop in price will follow because that means there is not demand for bitcoin at all. If there is no demand for bitcoin then it will become totally useless. And if bitcoin has big demand but no one spends it then that will make the value of bitcoin higher as the demand is high but there's no supply since all of us are holding. But I guess this is not going to happen as many are already using bitcoin and invested big amount to this crypto. |
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For me lately I am having blazing fast transactions. I started only recently using Electrum 2.7.12 (was using older versions before) and this new version has an option to put the fees to the max in the window where you are doing the transaction. I always choose MAX there and transactions have confirmations really fast.
If you mean Slow OR Fast like comparing to other payment options even so, I still think they are blazing fast and no other payment methods matches security of the bitcoin(unless user error, not bitcoin error).
The same as mine, I don't experience such as slow transactions when I am sending bitcoins. I'm only using blockchain and it makes faster because of their new transaction that including the transaction fee. And maybe that's the reason why we both not experiencing slow transaction, with your situation you are putting the max and with me, the fee is always deducted. |
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I have not really bought any bitcoin in a while, i have been mostly trading this last year. but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge. they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on. this is seriously restrictive to anyone wanting to get into bitcoin, like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off.  It seems that some exchange are requiring some identification before buying a bitcoin. It can be a good part for them so that they would know who are their customers and can be used in future purposes. But in the part of customers, this is hassle. And have you ever tried to look for some exchange that doesn't require those things? Most if not all exchanges require that since they are applying KYC know your costumer policies that banks are also forced to comply with and even if you found an exchange that did not require it I will not trust them that much. It is a good initiative that some of the exchange sites are doing this but the thing of bitcoin's anonymity will be gone. Because that's why many are using bitcoin because there is no information required for each transaction. And this is kinda awaring for getting their customers information and making themselves like bank. Sooner or later they will be regulated by gov't. They have no choice, either they comply or they close shop, if we don't want to deal with it, and I know for sure I don't, then you can use localbitcoins or similar websites, or you can do trades here in the forum. Well it is same as here in my place that it needs KYC but i think it is not the problem if you want to be anonymous transactions you can use bitcoin mixer to transfer to your anonymous wallet so there is no problem with it only for depositing or buying bitcoin is your problem.. There are still exchange sites that doesn't require that requirements in able for you to buy bitcoins. I guess they are just following some protocol from their local government so they are requiring us to do so. And that mixing services are also good if you don't want to let exchanges trace where you are getting your bitcoins. |
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I've been using bitcoin for more than a year and I am now regretting it, why? because if I knew it from the very start then I am a multimillionaire now... Btc is like my bread and butter now..
Lol I think it's never too late to join, you can still become a millionaire from bitcoin, as long as you're willing to work hard, I think this is the difference, the more easily obtain bitcoin than fiat Don't ever look back in the past pal it cannot change anything in the future. And MTBTT is right, it is not too late to keep on working in bitcoin so what you need to do is to get attached with bitcoin. Just move on and don't blame yourself for not knowing bitcoin earlier and learn to study some good strategies on how you will going to work in bitcoin. |
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I would ask for a loan if it was a really urgent emergency for me. After that, I would've made a safety fund that's only wihdrawable for emergencies and only that. Not having money when you most need it is a horrible situation, so having a safety fund saves you from that.
Thats why we should really have saved funds in able not to have problems when emergency comes unexpectedly, i agree that its a horrible situation when you do need money at most but your bank or saving is not enough or dont have totally. Making some loan would be the last resort. Yes, I have your security fund is very user-friendly. But it so happens that this fund is difficult to collect. Then you have to borrow money at a bank or at a friend This is my one option if the bank will not allow me to borrow money to their fund. Then two options left borrowing with my friends or parents and use my saved funds. But I don't really want to use my saved funds for it is used for some specific allocation. And if there are new desperation for money then I will just ask my mom for it. You are still lucky you have a savings fund, I guess desperation of money is not your problem. The only situation that I consider that you are in desperate need of money is when you do not have something that you own, with that it will lead you to sell any property you have just to have the money and could possibly borrow money as you said. It's tough under the situation my friend, I have experience that many times in my younger age so I learned a lot from it. Sometimes it is and sometimes it isn't my problem to be desperate in money. And that is the things that I will just do if I am really in need of money. Just like if all my money was spent well and still I need to cover up some expenses like paying my rental rooms and other utility bills, then I will just explain it to my mom. |
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Can a foreigner buy a house in USA with bitcoins?
I am aware of that the foreigners can buy a house from USA and there isn't any restrictions. But how about bitcoins?
I know if the seller accepts it there won't be a problem but how about the government? Are they ok with that?
Normally, FED controls/monitors every USD transaction all around the world and they check if the money is clean (legally obtained) or dirty (terrorism, tax evasion, drug dealing etc) . Especially if you send the money to USA. Since they won't be able to control bitcoin transactions, how would they know if you are a drug dealer or a legal citizen in your country? Or do they even care?
As far as I know they can buy house before I just don't know with the new administration of Donald Trump but it seems he is just mad at those illegal migrants. So, if you have legal papers and migration in the USA then just talk to the owner or a seller if he do accepts bitcoin but if not then just teach him how to use bitcoin or simply convert your bitcoins into fiat. |
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Lets hope it will be good for the bitcoin because it has a good future and I think that such an halving can be very profitable for us all.
Its just that we need more patience and that the halving is right now still far away.
It did good and besides the halving is done already so the next halving will be on the year of 2020. And if you will going to conclude on the effect of bitcoin halving this last June of the year. The price of bitcoin did really good so it is a good thing about bitcoin. This may be bad to the miners but overall users halving is good. |
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Yes, bitcoin can help poor countries if people there can be train into bitcoin trading and mining with all necessary facilities.
Yeah, exactly, we should accept that bitcoin can help the poor countries not too much but sure. Think about it, now why we are here? because bitcoin give us money and it is online good opportunity to earn money. That's why we are still working with bitcoin and investment in it and also trading help us. It is going to be a helpful tool to make those poor countries have their very own good source of profit. But the reality is those poor countries doesn't even have something to pay for their food. We can just easily say that bitcoin can be a good help to the poor countries but we need to consider these things. # No internet.
# No computer.
# Language barrier.
# Zero understanding of tech.
# Old telephone with zero usable functionalities in this regard.
# No time for nonsense as they have to work real hard in order to just feed their family.
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