It can't lead the corruption countries which have already problem with corruption will use that payment system to make it easier but in countries where laws and police are working to make corruption less posible it would be really easy prove that corruption happend and it can take liability from people who made ilegal action
Yeah corruption already exists in many countries, and very happy when corruptors can be arrested and confiscated many of their treasures washed with houses, cars, etc. But when corruptors launder their money with bitcoin surely it will greatly help corruptors to hide their money? |
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I believe that investing is much better than saving. Money should be on the move and make a profit. Of course there are risks, but who does not risk that and can not earn much money.
For the problem of profit is certainly better investment but saving and investment can not be compared in financial terms. Because of course the investment will be more profitable than save because by investing. Your money will continue to grow. But not by storing, I think saving and investing can not be compared |
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So I have 2 cousins. One of them doesn't save and is a huge spender while the other is a saver and spends only once a year. So would bitcoin be a good way to teach them about saving? Since, mining bitcoin is the only way to make alot of bitcoin, I would use a alt wallet to show them what happens if you spend and don't save. What do you think?
When it comes to teaching kids it is better to keep things simple so if you need to try to explain them about decentralization, the blockchain, inflation, market cap, and things with that they are going to get confused, it is better to use some bills and teach them about saving that way. i think there is nothing wrong to teach to kids about bitcoin only for the sake of learning bitcoin currency we can use bitcoin online trading and investment and therefore i do not think that there is any reason to teach to kids about bitcoin too much. i think they should concentrate toward their study only. but i do not think that currency children has any concern with bitcoin, if currently bitcoin is not using for shopping in our local area there they do not have any thing to do with bitcoin. i think they should continue their study and first to complete it. Nope I think little kids will not understand if you explain complicated things like investing, online trading, etc. Maybe they will understand a bit if you explain that bitcoin is the currency and you can save money in bitcoin but the problem bitcoin has not been accepted anywhere, so it will be difficult to exemplify how to shop with bitcoin, like shopping with fiat |
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Previously, I used the purse blockchain.info. But then I was advised to use a cold storage purse. Such wallets are very reliable
I also used blockchain before but then I realised that this is one of the worst wallets. Especialy disappointing was that you can't control the fees, bad signature options and low security. Now I use Xapo and Mycelium and I'm satisfied with all features they offer and would recommend those to everyone. In addition to an increasingly expensive transaction fees in blockchain. View blockchain also less I like. Moreover when the facility send bitcoin to many addresses have been removed, and it is very disappointing to many users, so do not be surprised if many users leave the blockchain and look for other wallets |
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I do like about being my own money and be able to make a transaction anytime without have to ask permission to moove my money, something that banks does when you play with some big ammount. Besides those im able to moove and send bitcoin to any part of the world without have to pay extra fee, in the general i do love freedom and low fees, and the fact i can choose when i will exchange my coins at a best rate for me.
That is the advantage of decentralization in bitcoin, you can make transactions at any time without needing to the bank office, or ATM, and without permission from anyone, you can also send money from one country to another only with gadgets in your hand. Without the need to leave the house though. That's what I love |
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In the past, I invested some of my btc funds in some HYIP and also in order to start my own online advertising business. Everything failed and I lost my money. Now, when the price of bitcoin jumped high to the sky, I will not repeat my mistake anymore. I will just keep my btc funds in the wallet and wait  I've also used bitcoin to invest in hyip and ponzi, and that is my biggest mistake in bitcoin. Because I lost more than $ 400 in just one investment on a ponzi site. And I'm so sad about it, and I'm not going to do that anymore. Better to hold bitcoin, easier, safer, and profitable |
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In my opinion it is not possible in every country to block bitcoin (or even all crypto) but depending on the state within the government that does not want bitcoin to break in their official currency ( bank )
I think it might be done by the government, by blocking bitcoin like sites related to bitcoin, such as exchange, and so on. Of course this will give bad impact to bitcoin. Therefore I really do not expect that the government provides a policy to ban bitcoin. |
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Are you a bitcoin fan? Do you spend a lot of time on bitcoin? Reading news, trading, or even writing your own analysis. But how did you first hear about bitcoin? Is it some articles you read about? Or just from a friend who has traded bitcoin for a long time? Share your experience with us.  Yes i am a bitcoin fan because of what they can do for many people. It can helps many people interms of financial problems. Bitcoin is become famous now a days because of the good things gives on many people. The first time I heard bitcoin while I was learning about online business and was so lucky I heard the news about bitcoin in a group on facebook about the onlien business. Of course I immediately find out about bitcoin and how to get it. Of course in hopes I can benefit from bitcoin |
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The best way strategy investment for us to gain big profit, is you should try to buy some other coins then as much as possible buy a huge of it like bitcoin, Xem, maid, waves, bay, rlc and eth something like that mate. Then hold in a long term  Investing in altcoin is indeed a very profitable investment, I always use this way to get big profits because there are plenty of potential altcoins that have a fairly high price increase even several times that, it's a privilege of investing in altcoin. You can profit several times |
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What I like best about Bitcoin is the fact anyone can buy it around the world and send money so fast with low fees whereas other methods take far longer and outrageous fees.
I like how it can be divided by so many decimal places to allow very precise and easy transactions.
Maybe I'll ask for a request to split the bitcoin even smaller than satoshi someday. Because you know bitcoin users keep coming in at any time and bitcoin price changes continue to rise may reach $ 5000 in the near future. And satoshi may be considered costly in the next few decades |
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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?
I think it is both. Bitcoin is popular indeed than any other cryptocurrency. Other country support bitcoin because of number of users. Upon increasing this number of users, it also brings income to lot of people by exchanging it to a local currency. Because of stable income provided by bitcoin, it decreases tje employment rate, hence improving its economical state I think the growth of bitcoin users in the country will make governments begin to open their eyes that bitcoin is needed by their citizens and maybe that would make the government interested in making bitcoin legal because of the insistence of many users from that country. |
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I use bitcoin to trade, invest and use to speculate for profits when exchanging
Also buy some online goods and bitcoin easy to use and most of them support bitcoin now.
I also prefer to use bitcoin for investment because it's my goal to join bitcoin i. I'm looking for profit with bitcoin. So I use bitcoin for trading, mining, investment, etc. Or use bitcoin for which it is related to gain profit. Actualy I rarely use bitcoin to spending or use bitcoin like money |
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I'm not sure that bitcoin can replace the dollar. The government and US bankers will not allow it, but the fact that bitcoin can really make life difficult for the dollar that's for sure. We constantly see the outflows from the dollar in favor of bitcoin.
It's to say if bitcoin will ever replace dollar very soon. Dollar is a strong currency from the government of US. And almost all countries are just depending their economy on how dollar is good, this is why dollar is a very powerful currency. Bitcoin is also powerful, let's see on who will win this civil war.  Bitcoin is the stronger currency in digital currency world. But to be strongest against the paper money like dollars I think it is a big dream. Because if you compare the bitcoin to dollar the popularity of dollar to whole world was good enough to bring it on top, while bitcoin was popular only to the netizen people or the people who always updated to the current events of the world on internet. That is the answer the dollar is already famous all over the world and everyone in the world knows about bitcoin and all countries use dollars for their international transaction activities. It is unlikely that bitcoin will replace the dollar while bitcoin is banned in different countries and not too well known |
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It can't lead the corruption countries which have already problem with corruption will use that payment system to make it easier but in countries where laws and police are working to make corruption less posible it would be really easy prove that corruption happend and it can take liability from people who made ilegal action
I think every country has a corruption problem in their country and all governments are trying to reduce corruption in their country but bitcoin comes by offering anonymous transactions. I think seeing some governments take policy to ban bitcoin, I think it proves that bitcoin helps corruption |
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Nothing is impossible to replace BTC, there is alot altcoins but they will be always 5-10 times lower than BTC.
Of course nothing is impossible, bitcoin competitors from cryptocurrency will continue to come and do not close the possibility of bitcoin will have a competitor that is enough to make bitcoin hassles, of course in the future will present coin that has greater technology than bitcoin right ? |
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Can you really be sure you will profit unless you have insider info?
Not really. You just need to do some research on the previous flow of the bitcoin price. You must be aware of the current events that might affect it. As I always say on my previous posts with regards to trading, you also need to acquire good statistical analysis to know when is the best time to buy and the right time to sell. Most of us has no capacity to get insider's information that is why we are just guessing but we do not just blindly guess. We have a basis of our guess and we study it very hard because it is money and with money it should be taken care very well so will achieve our goal to grow it. Insider information is very difficult to get to anyone because even if you could get information about what I want to do with my money when I trade, the effect that I have in the market is very small, so the information is not going to be useful, you need to get insider information from the whales and for that you need to be a whale too. So actually before you guess you have to do a lot of things like do research about price movements in the last 24 hours or the last 1 week, market conditions, issues and speculation, etc. Then you'll guess about the price that will happen in the future, I think it's not the origin of guessing because you need a lot of things before guessing |
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Bitcoin/crypto currencies is still a relatively new market. It is hard to forsee the safety of long term investments in the next 5-10+ years since it is mostly uncharted territory.
My opinion is that venture capitalists are always profitable Invest in a new market instead of traditional business ventures Maybe someday you will be a millionaire or billionaire dollars I think when I talk about the future of bitcoin and invest in a long term many users even guarantee it is an investment that will be profitable maybe if you hold a lot of bitcoin then wait until the future, maybe you will get rich in that day, because many people believe that future bitcoin price will be high and I think the risk will be small |
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I will save it for future but not too long as anything can happen to bitcoins in future so I will prefer to save it only for next 5 years and if it reaches my expected price then without waiting longer I will sell all my bitcoins and grab the profits.
Yeah anything can happen to bitcoin in the future, but I think what will happen most likely is the higher bitcoin popularity. Look at bitcoin development from year to year. Shows a very good signal that the future of bitcoin will be very popular and of course the price will be very high in the day |
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Basically yes. Trading isn't really a battle of who knows most of the indicators and what they mean but rather luck and patience to profit. Most of these successful traders are there at the right moment doing the right thing. If not, they would still be struggling to get greens ever day's end. It just so happen that luck favors them that's why they end up making more money than other traders.
Yeah of course there will be little luck to be able to gain profit in trading Although you have skills in trading and have more knowledge in trading but you can not be 100 percent will win becauseyou havent control in the market, of course there is little luck to guess right ? |
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Should I say this is the hope bitcoin used almost everyone is certainly a difficult thing, because the year 2022 left 5 more years while bitcoin users are still below 5%.
Of course that is a very difficult thing to do, 5 years is a very short time and I think bitcoin deployment and development takes a very long time. Especially now I think total users are still under 5% of the total population, impossible in 5 years to get 95% of the world population |
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