I don't think that bitcoin will be ever replaced by any other crypto currency as I don't see any competition to bitcoin at a moment and even in future bitcoin will keep on updating itself with the demand of people so its hard for any crypto to replace bitcoins.
There is no competition for bitcoin at a moment but it can be changed in future when new technology will arrive and at that time there is a possibility that bitcoin can get replaced by other currency. i think bitcoin is the most popular currency as majority of people are using it and as you think that in future it could be replace by new currency with the arrive of new technologies, well so i think that when in future the new technologies arrive so bitcoin will also adopt these technologies and update its self. it is commonplace something obsolete will be replaced with something new and more sophisticated. is it possible bitcoin increasingly sophisticated in the future? and who will carry out the renewal? |
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I dont agree with this idea, because i think we don't need Bitcoin bank actually, or in the future. We can still using our secured wallets and its enough for every user of Bitcoin. Bitcoin is decentralized and anonymous, and the bank couldn't take this powerful features
I think every user is free to determine their choice. and free third party to make a bitcoin bank. if you do not agree. you just need to use it, simple right ? |
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Investing in both sounds a great option to me as you cannot rely only on single investment in future and you have to diversify your portfolio buy investing at multiple places so to minimize the risk of loosing money in future I will choose to invest in both of them.
Yes I agree with your opinions, bitcoin is good for make money via trading, mining and other ways (short term investments) the scenario is after getting money from bitcoin, we can buy the gold and hold for long time investments it is good way investing on bitcoin and gold because basiccally we use capital just one time in bitcoin. I think if you can use them it would be a good investment. because bitcoin certainly has a high price in the future as well as gold, the gold reserves steadily decreasing in the world, certainly the price will be higher |
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No banks would exist whether bitcoin becomes popular or not.But user volume would get considerably reduced for banks.Already,banks have started to face revenue loss which they used to get from transactions due to bitcoins.Global digital bank WB21 has started to accept bitcoins.In future,other banks may also start accepting bitcoins to survive in the market.
What if the government banned its own bitcoin, bitcoin development would be disrupted and may be many people who will not accept bitcoin as the prohibition of government? |
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I prefer to use an online wallet in my browser.
I think it would be much more simple, easy to use (no ribel), flexible or can be used anywhere. you can install an online wallet application on your phone and you can use bitcoin it whenever and wherever |
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we already know about bitcoin and it is very profitable. and it's really good for those of you who still get money from parents and go all in investment in bitcoin. very good to set aside money and saving in the form of bitcoin.
bitcoin is profitable but it does not mean you can use all your money to invest in bitcoin. remember bitcoin risk so you have the possibility to lose. do investment wisely dude |
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In the 1 year i have been using bitcoins i can proudly say i earned a good decent amount to spend for my self.I have bought my super gaming computer all out of bitcoins and my dream mountain bike.And now im saving for my future using bitcoins
it is not a problem to use bitcoin income to buy the goods you like. but I think you have to have a real purpose as being rich, then go ahead and do not be spending discipline unimportant |
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well. the question is depend on the time and the situation. in some situation. saving is indeed a good option but in some case you must consider investing also. because some time investmet could you you life time happiness and if you don't invest you may regret whole life because of that.
yeah it depending on the circumstances, when you have plenty of money left over would be better if you allocate a percentage to invest it, of course it would be much better |
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What i really like about bitcoin is its easy to make transaction. No need for verification unlike in banks and you can do it anytime with no hassle.
True, that's why bitcoin is more simple than banks, to use and access the bank you do not need to register and verify their ID card or the like, even you do not need an email Lol. bitcoin is very simple and flexible |
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Recently, I've been trading bitcoins on btc-e, earning only a little, yes, very little, except the fees that btc-e takes.
Besides trading, are there any good method to earn bitcoins? Thanks.
There are many ways to earn bitcoin and one that the trading. If you want a free and without releasing money to earn bitcoin try to faucet. But the best thing is to join the signature campaign right here in Bitcointalk. You can also searh for more because there more good opportunity to eran bitcoin. I think getting bitcoin for free not only of signing camp or faucet. there are many other methods, you know there are dozens of methods that should you try such as blogging, selling services, enter a contest, PTC, etc. |
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It's all about the power play game, miners are greedy and want to take as much fees as they can while they can but when they see their actions are hurting the future of bitcoin I'm sure they'll solve the fee issues once and for all we just have to give it time a little while longer.
the greater the fee that you spend on your transaction. the faster confirmation will you get because as you said, miner very greedy. they prioritize a large fee |
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I used to store bitcoins for creating my own bitcoin related website, but then suddenly my financial conditions got worse and I used all my bitcoins to repay my debts and now I am starting to collect bitcoins again to fulfill my dream.
Well that is the beauty that Bitcoins gave you. To be able to repay debts with selling your Bitcoins. I am sure you sell it at higher price the first time you accumulate it. Anyway, it is always not late to collect and accumulate Bitcoin once again. This time try to get another stream of income so you won't have to sell all your Bitcoins to meet your needs, and make the maximum profit out of it. Yeah bitcoin has helped him in his tough times and it also helping me in my tough times as if I am in need of money then I sell my coins and no doubt its very painful to spend them as it takes great efforts to earn them. yes, sometimes when we need money, bitcoin emerged as a last resort, of course, bitcoin gives us an advantage,..what would you do if at that time you did not use bitcoin, ??maybe you will be difficult to resolve your problem. it's proof that Bitcoin help us, so I think bitcoin is a promising investment, when one day we need money we can sell all of the coins, as you say, it is very difficult to find bitcoin and you will find it so difficult to sell, but it is a function of bitcoin trading, now maybe I'm just hunting bitcoin for fun, but I also prepare investment for me to use in the future. bitcoin so important because you have to see that bitcoin is very useful and will certainly continue to evolve in the future later on, so I think you should start to save the future |
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I think that investing with a good , stable and reliable company or organization is way better than just trading. Sometimes you can get lucky and strike gold
But if you are depending on your luck then that is not investing that is gambling and like in gambling you are bound to lose more than what you win, so at the moment bitcoin is not ready for investments, right now the best option is trading hands down. invest would be better if you have more knowledge in it, rather than just relying on luck alone, of the risk will be even greater defeat. as well as trading |
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My experience showed me we need both, this year i were saving my bitcoins from the last year and with those savings i had invested them into some good crypto that has been pumped this years, the results were good for me. Considering my experience we need both and split them 50% between is a good strategy, soo you can invest anytime you wanna.
it's a good strategy to split 50% to the investment and the rest you save. certainly it will give better results than you choose one method only |
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Banks will always find some service to provide that else will want to buy.
they always have a promo to create a user or person interested in joining. and I think the support from the government and Fiat will make banks continue to live, and will not likely disappear |
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I haven't saved any number of bitcoins till now. Past week I have started to use bitcoin and faucets have given small earnings. Now as campaigns are available for newbie I believe soon I'll start saving bitcoin.
Now you are newbie, that's why you couldn't earn from signature campaign. But also it is not enough for you to earn 1 bitcoin only behalf of signature campaign, than you could do any other ways, like trading. Because as you said you do faucets, I suggest you, do altcoin trading, it is more better than faucets. But I think now there are one or two active campaigns that are allowing newbies to participate in their campaign so its a good start for him and instead of wasting time on faucets sites I recommend you to start solving captchas and you will get paid in mrai coins and once you make enough mrai coins you can exchange it to bitcoins. do not be too hasty to join the signature campaign better improve the quality of your post while waiting your rank is high, at least until a full member and Increase your knowledge at bitcoin first |
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My personal allocation strategy is a 45/35/20 between investing in start-ups, bitcoin, and cash.
I also split my money into 3 it, bitcoin investment, business, and save. but the difference I only allocate 20% of investments, 30% to make funds and 50% for I save or cash you have indeed a very good strategy. people who invest all of their money will mostly regret once they loose everything. but people who invest only a specific amount of funds and save a specific amount will always be in good status. I would say that the users who use all their money for investment is a careless person. because they already know that the investment risk to lose. why they use all the money on the possibility of investing? if they lost of course they would be bankrupt? |
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There were, in the past, situations when bitcoin had really dramatic drops, and recovered. But still, the drops happened. We should all be mindful and learn from our mistakes.
when the situation came back like a panic selling, it will not make the prices are very down to $ 100. I'm sure when the price rises and the case of panic selling. prices will not fall by more than $ 800. price will go up because the user will be re-buy |
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I use to save some percentage of my earnings monthly for use in emergency situations.But if need a very big amount,then i would ask my friends or relatives a loan.But we should be careful in repaying these loans as it may even destroy our relationships if unpaid.I would try my best to avoid taking interest loans at any cast.
Paying your debt is the most important thing after you get the help. Sometimes we are just good in borrowing money but when payment time comes we seem to forget, let's not forget that we are building reputation here and if we do not have a good one then we will surely not gonna be given a chance to borrow again, worst if desperate times come again. I also have a story like this incident, my friend borrowed money on me and he did not pay when it was a few months ago, and it makes us less good friendship. I feel bad if it should be asked him to pay because we are friends ? |
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Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
i think bitcoin would not be replace by another cryptocurrency because of its popularity and its features.but if the another currency which would more advance than bitcoin,and having more features than bitcoin could be replace. There are many altcoins with better features than bitcoin yet bitcoin #1, no matter how many new feature a new altcoin brings bitcoin will always be #1. nothing can replace bitcoin!  I think so some altcoin has enough features innovative and probably better. ETH examples but it will not make the user leaves bitcoin |
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