Well to be honest i agree with you to some extent but you cannot say that bitcoin is not needed because Land, Silver, Gold and every other thing are important aspects of trading and you can start earning a good income but in today's generation digital currency like bitcoin which is decentralized and digital then it is a must to try for investment and trading purposes. It is similar to Stock markets in fact here you can expect big returns within a short span of time and i think even stock markets don't give you the returns which you expect in short time span and that's why I go for Crypto trading.
I think China is cashless society. When you pay by debit cards or credit cards, fiat currency (US Dollar, Euro, UK pound, Chinese Yaun, Yen etc..) are also digital currency. |
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For bitcoin and gold is great for investment. Both are ase and currency, bitcoin can replace the currency in the future. We can make sending and receiving money through bitcoin and bitcoin as a good investment to make money.  Gold and silver as currency will be better. |
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In 2007, Bitcoin was 1 cent In 2017, Bitcoin reached $20,000  How ??  |
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No, it is not at all a Ponzi scheme, even though it has one element of the Ponzi scheme: the value of Bitcoin rises ALSO because newcomers want to buy it and doing so they are creating wealth for the holders. FIAT money is much more a scam than Bitcoin, believe me.
Bitcoin 1 cent to $20,000 in 10 years ?? |
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Never! market volume never allow BTC to fall to a low price. Since whenever bitcoin price is falling many people tend to buy it because they think it will grow up again.
Cryptocurrencies are GIANT PONZIS scheme. All those coins, altcoin, dogecoin, oilcoin etc.. |
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There is no chance that price will be stabilize. The market are continuously moving and therefor price may change anytime. This is not only happen with bitcoin but it also happen to other forms of investment.
Cryptocurrencies are giant ponzis is disguise. All those coins say this. |
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up going to mars now
$11,300 now |
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People are still scared. It happens every year and then it stabilizes back. They let themselves be guided by fear, not by their intellect.
Bitcoin money can go to "OilCoin" |
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so where do you see the BIT in 2 weeks?
"OilCoin" announced.. https://twitter.com Crude Oil could reached $100/barrel |
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Oh no. I think bitcoin will be around 30000 dollars at the end of the year. It will not fall down so law
"OilCoin" new oil-backed & legally compliant cryptocurrency announced...... The first legally compliant digital currency based on a physical asset, OilCoin, was announced last month. Each token will reportedly represent the value of one barrel of oil. Bitcoin money will go to "OilCoin" |
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The first legally compliant digital currency based on a physical asset, OilCoin, was announced last month. Each token will reportedly represent the value of one barrel of oil. A team of banking and technology managers, and US regulatory commissioners who launched the digital currency claim it would provide users with a safe haven from cryptocurrency volatility. RT talked to Alexandre Kateb, president of Competence Finance SAS, to understand if the new digital currency could one day become a real safe haven like gold. “OilCoin will try to replicate the movement of oil prices, very much like a financial instrument called an oil future,” said Kateb, who explained that this contrasted with bitcoin and other cryptocurrencies, the value of which is determined by supply and demand for the tokens in circulation, and the cost of issuing new tokens. He added that OilCoin would have to be backed by physical oil inventories, unlike oil futures, which have to be rolled over periodically and is purely a financial instrument. Kateb said that “very much like a traditional currency, it is possible to back a cryptocurrency by a physical asset” but expressed doubts that OilCoin could become a real safe haven. Link: https://www.rt.com/business |
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There is no basis for this prediction. In my opinion, it will be at least $30,000 by the end of this year.What was Bitcoin price in 2010 ?? |
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If this happens for real a lot of people will loose a lot of money.
Bitcoin 1 cent to $20,000 in 10 years. I see Bitcoin at $400 in the end. |
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The report reads freezing bank accounts of some major exchanges, nothing about Ban or any hint of future ban.
The other article I read has Indian finance ministry has said "Bitcoin is fraudulent scheme" |
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So many countries are banning bitcoin. This is not good.
Billionaire "Warren Buffet" said "Bitcoin will end up badly" |
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No, it is not yet banned in India but yes banks have the right to freeze an account if they find any suspicious activity. However, it is true that your mind is sending notices to the people having high net-worth who are trading in Bitcoin but there is nothing to panic about it because we are not doing any illegal business but make sure that you are acquiring Bitcoins from legal sources or at least sources having accounted records that you can produce to the officials in case of scrutiny.
There is suspicious/illegal activities in the bank accounts of top 10 bitcoin exchanges in India. What does this say ?? |
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Bitcoin $800 by end of 2019 |
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It looks like a fake news intended to create a new dump where speculators will be able to buy cheap coins. I guess that news nowadays collude with speculators.
Indication of things to come.... |
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Mining of bitcoin is not a thin air, and remittance of bitcoin from one end to another too a thin air. Bitcoin in an is a pure business
Bitcoin from 1 cent to $20,000 in 10 years is not "money from thin air" ??  |
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I had arguments with my friends who are always tagging bitcoin with negativity. Today, we argued and I educated them on bitcoin and Ponzi scheme. To me Ponzi scheme is when developers takes money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin is not like that. Do you think I am right?
the Indian government cautioned people against investing in them, warning that they are similar to fraudulent investment schemes and have no legal status yet. “There is a real and heightened risk of investment bubble (in virtual currencies) of the type seen in ponzi schemes which can result in sudden and prolonged crash exposing investors, especially retail consumers, losing their hard-earned money,” the finance ministry said in a notification on Dec. 29, 2017 |
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