No it isn't.
It's still gold and fiat.
But it would be because bitcoin is new.
It has been popular nowadays
and there are lots of supporters
So someday it would have the potential to become strong.
Bitcoin is growing and developing today. Although not yet very strong but I myself am very confident that bitcoin has a bright future and will be a strong currency. Because of the potential bitcoin there is. You can see the euphoria of new users |
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Of course yes, anyone can used bitcoin, even the student, vendor or ordinary people. Even the rich level of people allowed to used bitcoin. Because bitcoin is for anyone or for everyone.
Yes. Everyone is free to use it. No one can use it. I think those people who has lack of money is the most people who needed to use and learn how to use it. Bitcoin might help us very much. It can save them for not having a food to eat. They only need a cellphone for them to earn bitcoin and thats it. You can understand and be able to use bitcoin. And if you can do that you're free to use bitcoin. There is not even a rule in it. So no one forbids you to use bitcoin for any particular thing. That's why bitcoin is called freedom currency |
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Saving bitcoin today will define your future, for me it is important to save and accumulate bitcoin now because i believe that the price of bitcoin will continue to soar high, so everyone should think wisely when spending bitcoin, enjoy today but be ready for the future.
Saving will be very important if you want a bright future. If you have a need to be paid. It's not a problem you have to have financial management. So you can calculate what percentage you have to save. |
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Bitcoin will not really replace dollars or other fiats that easily, not just in 15 years but in 100 years. Bitcoin is a good currency for the people, but with it's current state now, I don't think it will be a primary currency of one country. And if bitcoin will be a primary currency, replacing fiats, do you think all the people can keep up with it? Not all people are that updated especially about technologies. I do not agree that bitcoin will replace the fiat. I'd rather see bitcoin as an option for the fiat itself. Although the potential for bitcoin exists to become a global currency. But I prefer bitcoin to be a currency option. Probably for the stability of the world |
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There are so many obstacles that you would face along the years by using bitcoin. We all know that sone of countries doesn't really accept bitcoin in their country. They have doubt for it. And it also affect other countries. It affects how other countries look into bitcoin.
Of course there are still many problems to use bitcoin. But if the user continues to commit using bitcoin and the user keeps coming. I'm sure the government will choose another way to accept bitcoin on certain conditions. Let's wait and see |
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At this stage, one who spends bitcoin for things is a fool. Coming to the point, no one will wait for the confirmed transaction.
Lol yeah fee is higher and if you use low fee it will be very long waiting for the confirmation was received. Maybe only the rich who do not question the fee to shop. But for me, I would choose to convert it to fiat for shopping lol |
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Would not say bitcoin is the strongest of all kind of currency. Would make more sense if we say it is the strongest of all crypto currency. The value of bitcoin is currently extremely volatile as we saw in past few weeks. A currency needs to be more stable in its value for it to be strong and compete with other currency.
It would be very rude to say bitcoin is the best currency in the world and forget about dollars, gbp, etc. Because the fact is that bitcoin is still far from the strongest word yet. Yeah I would agree that bitcoin is the strongest cryptocurrency, you can see the bitcoin gap is very high compared to other cryptocurrency |
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It's true that Bitkoin isn't supported in some countries. In my opinion, this is due to the fact that their economy is simply not ready for such significant changes.
I think not because of the sudden changes they are having. But for now the bitcoin system does not match the government system. Bitcoin should be something that can be controlled and open not anonymous. So the government can control it |
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I believe that Bitcoin will become universal and will be used by a lot of people.  Desenteralization that makes bitcoin universal. Anyone anywhere in the free world using bitcoin there is no prohibition in any case in bitcoin, no rules whatsoever, you are free to access and use bitcoin. All you need is internet |
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One way that bitcoin would die would be if another type of online currency became so successful that it makes people completely ignore bitcoin.
Thats right, a successful competitor will make many users leave the bitcoin and join the competitors because they think it's more powerful, more profitable, more than bitcoin. Then the possibility of dead bitcoin will continue to exist. But until recently. There is still no competitor that could be an obstacle for bitcoin |
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This is fine, because many people will know btc and promote the btc reception of the government, but it is worth paying attention to who will pay for the ads on TV. On the other hand, for btc bad thinkers, putting btc on the TV is almost impossible.
I think it can not be done because no users are willing to take care of bitcoin advertisements and pay them with their own money lol Actually bitcoin ads have been assisted by third parties. Where bitcoin accpeted on there. Many I saw gambling sites in advertising and many of them accepted bitcoin. Dissemination and advertising occurs naturally |
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Absolutely yes. Investors and traders consider bitcoin because of its price. Thus, they can ascretain if they'll earn profit in bitcoin or not. For investors, they invest in bitcoin so they can earn as bitcoin pumps its value because of big investors. For traders, they consider bitcoin's price so they can earn profit if there is flactuations and volitality.
Not just investors or traders who need price. But other bitcoin users who use bitcoin for currency and payment methods will certainly rely heavily on price. Because without the price then they will not be able to buy goods using bitcoin |
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If you were in desperate need for money / Bitcoins, what would you do? How to get it, earn it, whatw are your solutions and experiences? I wonder what people are ready to do when money is the problem.
If people were in desperate or needed money or bitcoins they could do illegal activities like selling drugs, robbing, scamming, and other illegal things which involves money. But if i were desperate in money i could go for bitcoin because i am seeing many people who has been rich using bitcoin and i am inspire by those people. Then ,what if desperate in money in emergency .Those things you said that were illegal will be in the line of someone who's in rush need of money .For long term is in bitcoins and it doesnt in hurry or in true desperate like the OP post. I think people who commit crimes or illegal things to meet their living needs or desperate money because they are pressed and have no other choice? If they can sell their personal belongings, or borrow money. If it can be done. Surely they will do that |
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Blockchain is by far the most used bitcoin wallet, but the tide is shifting mainly due to their high transaction fee and their recently disabling the ability to send bitcoins to lots of people will make them lose customers.
Yeah no wonder there are many users who migrate from blockchain to other wallets. Because they do not find comfort as when used to use blockchain. Fees are getting higher, even now the function to send bitcoin to many addresses is gone, of course it will make the user go |
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Crime can be funded with anything: from cash,gold,silver to bitcoin. So all these methods can be hardly traced,not only bitcoin. I don't see any major reason why bitcoin price would decrease if it is used in crimes. Most surely us dollars are used in crimes daily and the price doesn't fall right?  Maybe more people are using cash to do illegal things. Many of them prefer cash because it is easy to carry and there is no record of evidence. Usually they will tell their people. To bring the cash to the destination. Although complicated but it is safer for them |
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I keep my bitcoin into online web wallet. I know that many peoples don't gibe a trust for online wallet but for now i haven't any support equipment to keep my bitcoin into desktop wallet or cold wallet.
Same with me. I do not have any wallet onlt the wallet I used for about two years now. And I think it is safe to store my bitcoin in that wallet because before you could actually make any transaction, you will require to have an identification. Illegal transactiin were blocked, I heard it on some of my friends. So it is okay for me to just store my bitcoins there. I also do not use desktop wallets, not because I do not have the equipment but I'm more comfortable to use my wallet online because it is easier to use and flexible. I think the online wallet is also pretty safe. I've never had a problem with online wallets |
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The only way you can earn 0.1 btc per week has two options.
1. You will have a freelance job and receive your payment in bitcoin.
2. You will be a good trader and make profit from altcoin trading.
The rest is hard.
There are many freelance jobs on the internet but not all jobs fit your talent and not every day you can get the job. Therefore you can not depend on this job alone. Maybe you can add another job |
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Basically they are rich now because they invested and they are not easily sell for a small hype of bitcoin as you can in the graph or chart of the bitcoin, The bitcoin price is growing since it was created so if you sell in small hype you will just lose the opportunity so I think they have the patience to wait that's why they are rich now.
I think people can be rich not to be patient because of long-term investments they do. Many people are using trading to get rich? They have little patience but they can become rich because of short-term investments (trading) |
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Might help make life better if bitcoin becomes legal currency. Many parties will benefit from bitcoin. But for a country less able to protect value of currency, it may be an inflationary disaster for the country and its people.
Yes I agree making it a legalize currency is not an easy task for the countries though I am sure in many countries the economists will be working on it currently to how to deal with the bitcoin for to making it legal. It will benefit mostly the public because it is something related to the common man. The bitcoin have a very much positive effect on the life of a common man. Yeah I'm sure there are lots of bitcoin users who do that. They will definitely try to get the bitcoin acceptable or legalized. But the government's requirement for bitcoin to be controlled is something that is impossible to do because of the nature of the already existed bitcoin decentralization |
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A friend asked me what is bitcoin since the case of ransomware. My friend is asking about what is bitcoin and how to join. He got interested in bitcoin when I Shows an increase in price
Usually people will be interested when looking at very high bitcoin prices. It happened to me when bitcoin prices went up to $ 1200 and then I asked my friends a lot of bitcoin. Lucky I get a lot of input and then join in bitcoin |
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