Its probably people just trying to spam with network with minuscule transactions with 0 fees, Itll clear up eventually.

If i had to venture an estimate, I would say that the average age of bitcoin users is around mid to late 20s. people younger than that dont really care much for digital currencies, and people older than that probably dont know what bitcoin is.

Stop being so condescending. How does inflation in a country relate to the country being poor?   

Thats like saying 0.01 is 7 bucks so the people who use bitcoin must be extremely rich. Completely untrue.

I read about this couple of days ago, I think this is a step in the right direction to get rid of the dirty money and introduce a better economy to the country. Also this could bring more customers to bitcoin if it makes them feel safer to own btc than to own the fiat currency.

It highly depends on the current price of btc. If i feel like the price is at its peak and is not going to go any higher I would go with cash over bitcoin.

But if the price is really low and i know its not going to stay there for long, then i would pick bitcoin over cash anyday.

The transaction "tax" you are reffering to isnt really a tax. Its a fee that goes towards paying the miners for confirming your transaction. I would not really consider it a tax, more like a payment to keep bitcoin secure.

For me it would be around 0-5% . I feel as if anything above 10% interest monthly is likely too good to be true, and it usually is.

I expect average ROI of about 20 ish percent a year on investment. Again, anything bigger is likely too good to be true.

Here are the advantages of bitcoin over a banking system.

-Decentralized, Bitcoin isnt owned by a third party, you are always in control of your funds.
-Fairly anonymous
-Extremely secure
-Open 24/7, no delays in transactions
-Lower fees compared to e-transfers

There is an extremely simple solution to quit gambling with bitcoin. just throw all of your btc in a paper wallet and store it or give it to someone you trust to hold onto it.

If you do not have access to the money, then you can possible lose it. right?

If that happened i would honestly be happy and excited for bitcoin because of two reasons. Satoshi is back and alive and the fact that about 5% of bitcoins in existence are now burned, making the price significantly higher.

However the chances of this occuring are very low because satoshi has too much respect for bitcoin.

That is a pretty big issue in bitcoin. the volatility of the price is the big reason why people dont go all in into bitcoin. But the volatility also brings profits to bitcoin traders and long term investors so it kind of balances out.

other than coinig.com i would suggest you not to use any sites online that request your private key. Also most wallets do contain a "sign message" feature that you can utilize.

cloudmining websites have been scamming for as long as i can remember. its just that they reveal the scam a lot faster now. also dont try to invest bitcoin online, bitcoin itself is an investment.

some wallets allow you to request a specific amount.if you are on iOS i suggest copay. that is what i currently use and it does have a "request specific amount option".

I share the same opinion about this speculation. First i noticed the dive, i checked reddit to find a possible explanation and saw the whole "CHINA BANS" fiasco and went to sleep thinking when i wake up the price would be back to normal.

But a day later now and the price is still around 695, meaning the false ban claim had little or nothing to do with this dip in the price.

lol if your wallet requires 2 factor authentication, that means its not stored locally and is likely a web based wallet. I recommend everyone to use a hardware wallet or paper wallets for extreme security.

Also i get why many people would want to keep all their money on an exchange, incase the price bursts and they feel like they have to sell fast before the price goes down and waiting to send to an exchange and waiting for 6 confirmation takes hours.

lol although that seems like a pretty cool idea ( everyone would have the potential to earn some btc). it would render mining useless and the block chain would fall apart.


It is dying, but many people including me still play it regularly. Mainly because i havent caught all of them yet. Once i do, im not sure if ill be opening the app every day.

I wouldnt consider trading bitcoins on an exchange the same thing as gambling. Gambling involves a certain FIXED percentage change of you winning.

While trading is never a fixed chance. in gambling you usually know the odds of you winning but that doesnt apply in trading.
Also trading includes a ton of skill and intuition of when to buy/sell, while gambling is pure luck (excluding poker).

It would be cool in the beginning i imagine, but the hype would fall off extremely fast. there would be tons of botters selling every pokemon for basically free and then everyone could own all the pokemon for as little as a few cents.

It would take the fun out of the game of finding the rare ones yourself, and would kill the game so i have to say its a pretty bad idea.

There are plenty of wallets for every operating system these days, that can be trusted and used.
I dont have an android device so i really dont use the mycelium wallet, they have an ios app but its functionality is pretty low so i just dont use it.
As my cold wallet where i store bitcoins for long term,I use a paper private key thats never been online so i know its safe.
For my hot wallet that i use to trade almost daily, I use coinbase because it allows me to send btc without any fees.