Yes I agree with the idea of bitcoin bank because of the security reasons which of our money that has very good foundation, unlike with online wallets which is very prone to hacker attacks. If banking will implement this ways of digital currency it should be an offline system and you can only access your account prior local system transactions made personally in the bitcoin banking system in order to prevent bitcoin stealing, like possible bank robberies which there is no fiat cash form of money.
i think the bitcoin bank is not such a good idea, as we are already tired from the traditional banking system, therefore i will never like to continue such a boring system. i think the online wallet system is the best system as i am using it for such a long time and will like to continue, because i can access to my online account from anywhere and at any time. |
|
|
|
For me one of its greatest weaknesses is that you can lose your bitcoins by sending it to a wrong address. Any address should have a number to identify it, just as phone number, that people could remember. That would be a true revolution.
Bitcoin is not legal bro, that is why any of our identity will not include in bitcoin transaction. If we use our mobile number to do transaction then our all transaction will be tracked by our govt, and they will get all records of our transaction. To avoiding extra tax, we are using Bitcoin. If anything happens like what you said means our govt will start to collect tax for our all Bitcoin transaction. although government has not yet consider bitcoin as legal currency, but i think we do not to worry as still not a single government has take any serious action against the bitcoin users, and i think that can be the reason that people are using bitcoin so openly, as in my country i do not care about the government that they have accepted bitcoin or not. |
|
|
|
Why not both ? S payment system and an asset. An asset because it's like gold and goes up in value. Unlike good a currency too. That can be used to directly ourchase things. Bitcoin is so much more then merely a currency and asset.
yes that is right that bitcoin has both the characteristic. as in some places where the facilities of bitcoin to be use as currency in local shops is available, there bitcoin is a digital cash, in in such area where people are using bitcoin for investment purpose there bitcoin is just like a gold but the different is that bitcoin has more potential to increase as compare to gold. |
|
|
|
I see that online stores are accepting bitcoins rarely. if the price would really increase and become stable (hope so), for sure it will give us a bigger impact especially if we used this as our daily life, then if would really happen then no doubt, the country would really adopt bitcoin.
Yes, that's true. It only limited few countries so obviously there rare uses of this coin at a shopping mall except some online e-commerce sites. According to the place by place, purchases online through Bitcoin It would have been much easier or much be harder. For me, keep going investment option to my everyday uses. that is because the use of bitcoin is very limited there and i am hopeful that when the users of bitcoin will increase there then it will also become possible that they will use bitcoin even in their local shops but i think it will take a lot of time because in most of the area the users of bitcoin o are very few and still people need good knowledge about bitcoin. |
|
|
|
The future of bitcoin will depend on its price if price goes higher then it will attract many new investors to get into it and if price falls down to extreme level then there will be many people who will stop using bitcoins and will find alternate place to invest their money.
yes that is very right that the future of bitcoin will depend on the price of bitcoin as we can see that people are taking interest in bitcoin as they are thinking about bitcoin price will increase very soon, so if the price remain still and do not increase then the people interest will divert and they will start searching for for any other potentially good alt coiin to invest their money there. therefore i think the price of bitcoin really play important role in the price of bitcoin. |
|
|
|
20 years from now the bitcoin will reach a price of more than $50.000. This is because many transactions between countries which will render the bitcoin and replace the USD, EUR or JPY.
I love to see that happening, maybe I should educate my children already so they have an idea about bitcoin if I will turnover them my savings. I hope the progress will continue and bitcoin will be getting bigger, if that happen, I am sure I will be very thankful because it's a big money for me. I don't have very high confidence in bitcoin, but since japan has acknowledged it as a legal tender, my passion began to increase again, so far I don't expect much about bitcoin in sense that if this coin suddenly disappears from circulation, I still willingly lose bitcoin I have. But I have a positive belief that bitcoin prices always increase every year, I imagine the next 20 years bitcoin is very rare and it costs 30,000 usd for every single coin. but to me i have fully trust on bitcoin and i am confident that bitcoin is a secure and trusted investment, and anyone who will invest their money in bitcoin right now i am sure that he will get a very good profit after some time. so i think it is still good time to invest in bitcoin right now. |
|
|
|
the price will surely go up in the future and more people will get interested into it, the more people know btc will be faster adopted in everyday life not just for payment method but for receiving paycheck in your work for example
yes the price is already increasing and hope that the increasing trend will continue for a long time. unless the price of bitcoin reach to 2000 USD and so more. therefore i think it is still good time to invest your money in bitcoin and secure your position more and more. i think that is still a golden opportunity to trade bitcoin in present time. |
|
|
|
Saying the price of bitcoin doesn't matter is a lie. There is a cost of acquiring bitcoins. Only a fool or a very very rich guy would think otherwise.
I agree with you. Price is a very important criterion. And for everyone who has several coins the price is very important. Everyone watches as bitcoin becomes more expensive or cheaper People take decision of buying or selling their coins looking only at the price of bitcoins so price is really important factor when it comes to bitcoins and it is only the price of bitcoins that attracts people to start using it or invest money in it. yeah I agree too, people attracts to invest because of it's price. And many people here earning bitcoin because the price is too high per bitcoin. If the bitcoin price is not high I think many people will snob this coin. yes currentle people are using bitcoin for investment purposes, therefor i think every one is expecting the price of bitcoin to increase, i think it the price of bitcoin will remain as stable then the investors will find other means of profitable investments. therefore i think the price of bitcoin keeping too much importance. |
|
|
|
In fact it's all good at keep money in bank, investing it online or in gold
All there are disadvantages and advantages of each
keep money in the bank with little profit, gold may be safer but take a long time, better invest in bitcoin that has greater potential to grow.
to me i think investing in gold is not such a profitable investment, because i do not think that we can expect the value of gold to increase so much. i think investment in bitcoin or other altcoin can make sense as there are more chance that the price of bitcoin will increase in future and will give you good profit. |
|
|
|
There are some people which thinks like it's written on thread's title but such relationship with bitcoin simply wasting of time because bitcoin is great cryptocurrency for trading which gives you opportunity to get good profit. Bitcoin is money, it's currency and it's exchangeable to any local currency so keeping bitcoins and not selling, I can't explain why someone will do this. Buy it, sell it and sometimes hold for higher profit, that will be good.
Correct, there is no reason to not take advantage of the opportunities that present themselves and give to us the opportunity to get easy profits without too much of an effort such an opportunity present it itself with the now all time highs we reached weeks ago it was obvious the price was going to get lower so if you sold and then you bought when the price was below one thousand then you made some easy profit. That is right. The bitcoin price is very low due to the transaction congestion. When the block size is increased together with the Segwit, the price will rise a lot. That is not the main reason, the real reason is based on supply and demand, it's basic that every investors should know. Usually when there is a news that there will be a possible increase of demand price of bitcoin will surge, the last news I knew was Japan will recognize and use bitcoin, so that is a big news and we can already imagine how the demand will increase, the technical aspects is another thing, it does not give big impact when the problem is still manageable. After Japan started to accept bitcoins I am sure we will be seeing many more countries that will follow Japan in near future which take the price of bitcoins to a next level as this news have drawn attention of many people and surely it will increase the demand of bitcoin in future. Well, I look forward to that mate, japan is a big country so probably it will make a big impact to other countries as well. China and japan are both positive with bitcoin so I guess it will bring good outcome to the market.. yes that is right that there response is very positive toward bitcoin and hope that they will also put good impact on the other countries of the world, hope that very soon so many other countries of the world will also start accepting bitcoin as legal currency, but i think it will take some more time. |
|
|
|
I think depending on the strength of our money, if we have stock of the bitcoin dominant than circulating in the market then we easily manipulate the price of the bitcoin.
The people that holds a lot of bitcoin can have the power to manipulate the price of it. And we know on how the whales are manipulating the market and there are pump and dump groups that are helping each other to get some decent profit. There is a way to manipulate bitcoins price but it is not that an easy thing if you only have very few. I think big capital will still be difficult to use to manipulate bitcoin prices. If they do not have a good plan. One person is not enough to manipulate bitcoin prices to me i think it has now become difficult to manipulate the pricoe of bitcoin, lbecause we can see that the users of bitcoin are now increasing from time to time. so it is now becoming difficult for those people who are were manipulating the price of bitcoin in past, but now i think it is becoming difficult to manipulate the price of bitcoin so easily. |
|
|
|
They don't think in longterm, and only see that bitcoin can "collapse" in any minute. After collapse, they start yelling "btc is dead", but we know it will recover in 1-2 years. IMO, this pattern will be us for years, and every time somebody will stand up and say btc is dead  no i think they are just pretending, otherwise there is no such think to happen. i think they just want to trade bitcoin in low price therefore they are spreading such kind of news in the market, but now we can see that people are not going to sell their bitcoin in pannic selling but going to hold it during panic like condition. |
|
|
|
I would avoid the YoBit Horse Racing thing because the results could be rigged by the people within YoBit, unless you know somebody that has enough Bitcoin to manipulate the results then I do it without any issues.
Does yobit have horse betting ? I am sorry I could not find anything like that. I am very much aware of their multicurrency based dicing, but never heard of this (I just checked with them still could not find). Are you referring yobit.net cryptocurrency exchange or any other new gambling site ? I never tried horse betting in both real time as well online. But I had heard about horse betting from my childhood, and here people do state horse race as an example for the dangers of getting addictions, that maybe the reason I never touched it. in my country there in gilgitbaldistan area we have an annual festival in which horse racing competition also take place. i always try not to miss that opportunity and play bets on that, that is really a very good experience because gilgitbaldistance is about 12000 fee above the sea level and is really a very green and beautiful area. |
|
|
|
In an online world tracking what your kids are doing has become harder and harder. You can install blocks and stuff but your kid has many devices that can access the internet with. Also of they k ow what they doing they can go around it or even disable it. In today's world it's even more important to know what your kid is doing when he looks down into the glow of a screen. They could be watching porn, gambling. Looking at gore or other sick stuff. There even chatrooms and forums with word stuff kinds shouldn't be involved in. It's all up to the parents and teachers of the kids.
I think the only solution is to not give kids access to those devices, it is simply impossible to try to block every single site that we think may harm them so the only solution left for us is to try to restrict their access to those device maybe not completely but give them a time limit. yes that is right we need be very much careful about our children, i think they should only take interested in such activities which are good for their physical and mental health, and which can also help them in make their future more bright. |
|
|
|
If you have lots of connection, you wouldn't have a hard time making a living with gambling because definitely, you won't run out of reasons to not come to a casino because you have friends there. Probably there are a lot of people that would want that kind of life, you know?
although most of the people try to make gambling for living. as they start gambling because they consider gambling as one of the most easiest and shortest way of making money, but in fact it is not so easy, as gambling is one of the most dangerous way of making money.therefore most of the people do not succeeded in their intention. |
|
|
|
How to make a decent amount with 0.01BTC in good time? Any good strategy or any method? Or any tips please?
To gain 0.01 BTC, you can join in signature campaign and you can do make some trade in the exchange platform. Because in trading you can make a lot of profit, and that would depend on you if you can earn big. i think trading will be the best option to use for earning 0.01BTC. although those people who do not have any money to invest in trading then they can join a signature campaign in this form and can earn more that o.01 BTC. but for that you also have to do some world and after that you will become able to earn such amount of bitcoin from signature campaign. |
|
|
|
Hi guys! It's often discussed here that you can't make any money from gambling, but in general it's just not true. House edge is usually quite low so the most of the money go back to players. Of course some one wins more than he bet, some one wins less and loses in the end. It's all about luck. I am sure that the most of you was lucky at least once and made some nice money. So my question goes here: How did you spend this money? Did you buy some presents for your close ones? Did you buy something for you? Did you invested it, saved it or even put back into gambling (and then made even more or lost it?)? Share your stories ) Cheers, OshiHugo Ohhh. Great question. I have a friend that has a business and he let me to invest some of my money in able to grow. When I play gambling and earn some btc I used to buy some things that I needed. I gave some of my money to my parent's, share it to my siblings and having some fun sometimes. But the other things that I do to my earnings is that I invest it to my friends business and sometimes I used it again for gambling so that I able to grow it again and again. that is too much complicated process, though it is good that you are earning good profit form gambling and you even supporting your parents,although most of the people thinking that gambling cannot be profitable in long term, but still i will like to say that there are so many other people like you who can make good profit from gambling and are also depending on gambling for life. |
|
|
|
Gambling has never and will never be profitable at all. There wouldn't be gambling sites if it is ever profitable. The house edge makes it such that in the long run, the person would lose at least 1% eventually given that he have enough bankroll. Realistically, it has never happened before because varience often makes people experience a huge lose streak.
True, gambling can't be profitable ever. Even great or experts gambler cannot do that things to make it profitable, although there is analysis which they have used in the game but its enough for him to win in the games. everyone has their own thinking but to me i think gambling can be profitable in long term if you have good planing and strategy for playing gambling, as there are some formats of gambling in which we can use our skill and experience so, we can say that gambling can also be profitable in long term if you have good experience and skill in trading. |
|
|
|
Bitcoin is supposed to do both but at the moment bitcoin is behaving a lot closer to gold than to cash, also bitcoin has a big weakness compared to cash it is not truly anonymous and that hurts it is usage since if you want to be anonymous you need to use tumbling services.
Nothing in the world is anonymous, with the currently technology some countries have they can discover anything about anyone if they want and I think it's not a advantage of BTC as it's inexistent. Bitcoin is money like any other currency, but digital. People are using it "like gold" to increase their fortune on long term, but it can be used to buy anything. yes there is no doubt about the fact that bitcoin is money, as now in some places people are using it as fiat currency, while is such places where still the facilities of bitcoin to be use it as fiat currency is not available then there people are using it as investment. |
|
|
|
Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.
Why would they? The banks collectively are embracing SegWit as a way to destroy bitcoin, but that's about it. Banks are under the government, and banks will comply with all government regulations and requests. You know the government is very anti against bitcoin. So practically no bank will adopt bitcoin I think you are wrong because there are some country which is bitcoin is fully adopted and their government supports this digital currency like china and japan. I think in the near future bitcoin would be more popular in all country in this world and they will adopt it as their second currency. to me i although some countries are already thinking about bitcoin to consider it as legal currency but currency not a single country has fully adopt it as their national currency, may be in future they can adopt bitcoin as legal currency, but still not a single country has consider it as legal currency. |
|
|
|
|
Show Posts
