China has become the powerhouse for Bitcoin (and the whole cryptocurrency in general) as it is hosting many Bitcoin miners due to cheaper electricity and maybe also cheap labors. China also boasts of probably millions of Bitcoin owners and traders who are influencing the moves of the market on day to-day basis. As far as acceptance of Bitcoin in China, it is comfortably good until such time when the government decided that it is time to intervene.
In general, the Chinese government is not comfortable with Bitcoin as it indeed representing a different currency that they can not control with. since Bitcoin is decentralized it would be hard for the government to make interventions and so they are thinking that maybe it is time to ban it altogether. The government can not kill Bitcoin but what they are doing is actually closing the country as a market for Bitcoin.
So the question is: Can Bitcoin survive without China? In case, it can't then then there is something wrong with it since it is not resilient to ride the big storm it is in.
Of course bitcoin can survive without China because even chinese government oppose with bitcoin chinese people still find a way to use bitcoin. Chinese government can't totally ban bitcoin especially that there are many millionaire in china that may use bitcoin to escape. |
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We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?
As soon as the government entered bitcoin then that is the start of corruption for me because we all know that government wants all the people's moneybas if they should hold all the money and give just a small amout to people. |
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Hi guys  May I know what are your plans on your Bitcoin in the future? Do you plan to keep on investing on Bitcoin related businesses or do plan to convert it into fiat and ventures on new business? I'm planning to invest more on Bitcoin related companies and convert some of my Bitcoin into fiat and invest it on our local stock market. How about you? I plan to earn more bitcoin then if I have enough bitcoins I think 50% is not bad to convert into fiat to star a business because I want to have a business in the future. It will also help me to learn how to manage my moneu properly so that I can apply the techniques in earning of bitcoins. |
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Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
We all know that most of the users of bitcoin nowadays are already rich and having the fact that they already rich, we can conclude that after buying several things will surely affect the economy of a country. It is just a simple domino effect with the consumer and the buyer. Give and take. Many countries accepted bitcoin as a currency becaue they know that they will benefit with it sooner in the future. |
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 What do you like best about bitcoin? Decentralization, transparency or easier to move? Or just it makes you look cool?  Bitcoin has already helped me a lot most specially in terms of finance. All I can say is I like almost everything about it but still there are some that stands out the most. The high value of bitcoin is one of them that stands out, I have witnessed so far the sudden increase of bitcoin's price and all I can say is that it's the best thing that keeps happening with bitcoin. I also liked the fact that bitcoin is an independent currency and is free from any government association or any groups. Bitcoin is the best! |
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Forget about everything else and just put everything on bitcoin. You are living with your parents, they pay everything for you, you got nothing to lose. If I was living with my parents, I would save everything and buy bitcoin monthly. If BTC doesn't keep rising you can still reach the 21 BTC holder group, then save this and retire in 10 years when the price makes you a millionaire.
Go all in on regret later. You are on a privileged position to profit from high risk high reward moves. No risk no win, and BTC is the best long term high risk bet.
I don't think it's a good idea to advice the young ones to go all in already. We all want to be able to buy all the things we want and go to places we want to go to especially during our teenage years but young people should focus on setting their future first than enjoying now and paying the consequences later. Bitcoin does not need so much time rather you can use it as an extra income and not as main job that you will go all in for it. |
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What are the reasons, why people use Cash or Credit Cards / ATM / Banks?
* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment
There are a lot of reasons why bitcoin is better than money. We are all used to have money as the source of transactions on different products but bitcoin is something more than this. We all know that the differences of all the currencies in the world are the one that sets the boundaries for all the transactions for all of us. In bitcoin, it is a global currency and it can be accessed anywhere and anytime you want unlike cash, it has limitations based on the country it belongs. |
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As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
Based on what I can see and what I've experience on bitcoin, I can say that it's life span will be longer than we expected. I can think of it as part of our living someday just like what most people say that it is the future currency. It can be accessed all over the world and the transactions can be made wherever and whenever as long as you have good internet connection. We all know that the influence of bitcoin has already drastically grown due to it's high value that's why I think it will make more innovation so that it will be capable to handle as many as the people all around the world. |
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what do you think about this topic?
I don't think so that it can make you rich instantly because we all know that in bitcoin, you need to exert effort and time so that you will have the chance to earn large amount of money. It is not a god that can magically make you rich by just simply snapping his finger. Bitcoin is just a cryptocurrency and it is our actions that makes us rich. We are all aiming to be rich but that just won't happen instantly. Good things always take time. |
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Just imagine. If ALL OF US would be rich, that means we would live our lives out from dividends, or any passive income of at least $1k a month. Then it would be jawesome, right ? Well, but then I do have a question.
WHO on this Earth would bake the bread for ALL OF US ?
Robots, you might say?
OK, nice idea.
But then, WHO on Earth would maintenance these robots ?
Another robots ?
I don't think so.
Even if so, even if there would be a Skynet of robots, who would not just bake the bread, but also harvest the grains, transport it, deliver to our doors. What then ?
We could eat for free, as much as you want?
Cool, but what about overweight then.
Doctor? But hey wait, NO ONE on this Earth work, so we have no doctors.
OK, we have Doctor Robots.
Who would teach our kids? Robots! Who would change the diapres? Robot!
Even if humans would master all this, we would need to have all the knowledge to teach our robots to work for us. To be slaves for us. (no minds, just pure robotic hands/arms and so on, Tesla's and autopilots)
But even then, there is one huge problem.
I do not want to touch any country, or race, or group of people, but imagine, if you put infinite amount of resources to any kind of animal (including humans), they would reproduce themselves to infinite. Because they simply can. Because parents do not need to parent their kids anymore, because we have robots! So we would need a limit of reproducing, no right to reproduce as much as you can handle (infinite resources), because we would simple have like 50-100billion people on this planet, and there would be no robots who could grow so much grains to bake bread. (perhaps hyper dense pills could be the away).
So, back to the original question, why do people believe, they all can be rich ?
It was, is, and will be, ALWAYS about that who is going to earn more, not enough, but more than the others.
Why?
If there is only one mansion on the Bahamas, which is large enough, sunny enough, sexy enough, there is no freaking way, ALL OF US could buy it. Just one. 1. One. And if only 10 buyers come with their million, to who would seller sell this mansion to? First ? But second also have million and ALL OF US want to be rich (own that one mansion). So second would have to offer 2 million, right?
Wrong.
No one would want to sell such mansion in the first place, as he is already rich. We all are.
Having plenty of money in your life would be a great thing. You will be able to buy the things you want, eat anything you want to, go to places that you want to go to, all of it, we all want it and once in our lives we have dreamt of becoming rich. I can see your point but I don't think we would get to that point wherein everybody is very rich already and I think that is too unecessary. Knowing that the supply and demands on the world are not that proportional makes it to the conclusion that it is impossible to happen even in the future. |
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Maybe not to get rich, but sure as hell to earn a decent amount of money with bitcoins.
How much money did you earn with bitcoins? Or did you lose some?
I've always dreamt on becoming rich even though I haven't known bitcoin yet so as I learned much about bitcoin, I felt like I was so close to my dream of becoming rich. I have earned a lot with bitcoin lately and I make sure that I don't miss the chance to post on bitcoin because I consider it a very important thing in my everyday life. I have lost some a bit but I know it's part of the game, you cannot always expect yourself to gain from bitcoin so you should always set yourself ready for disappointments. |
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I think in the presence of bitcoin will reduce unemployment, because searching for bitcoin also requires hard work and creativity, and competitiveness in bitcoin is also high almost similar to work in the real world
What is your opinion this time?
I agree that bitcoin indeed reduces unemployment because for some reasons, we can claim bitcoin as a form of job. Although in bitcoin, your income is uncertain, the possibility still is very big and you can conclude that it really makes you rich and more able in terms of buying the things you need and want. But still you should not be dependent on bitcoin because no one knows on when will it end or what may happen with it in the future. |
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Based on the bitcoin's power nowadays, I can barely see bitcoin as the solution to world poverty in some ways. The fact that it will still be the decision and will of the people that will complete the formula to end the world poverty completely. Because if people will not put up an action to end world poverty then it will not happen. The will and decision of people to know bitcoin more and learn how to do it is more important than you think it is. |
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In my personal experience, I first heard of it 1 year ago in a online forum game, people sold gold for Bitcoins, around March, gave it no importance at first. Now im kinda utterly commited to it. Really an interest subject of study.
It was way back few months ago and I thought I wouldn't be this interested with bitcoin. My classmates are piling up always and I started noticing then improving in terms of finance. I was so curious so I asked one of them and there, bitcoin came. One of my classmate me helped me out so that I will understand bitcoin further more and here I am. Earning like them and I am very thankful with then because I may not know bitcoin if it was not of them. |
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It would seem that Bitcoin is a volatile object of mystery, but the reality is that it (blockchain) is brand new technology that is already disrupting how we give and receive money across the globe. I can see the potential, yet also understand the risks.
Why do you think now a good time to invest in Bitcoin?
In my opinion, the reason why is because it is the digital age already. Everyone are knowledgeable with technology and we all know that technology makes life easier than ever. My reason on why I am investing with bitcoin is because the value of bitcoin is rising continuously and it attracted me so much because the price few years before was so far to the price of it today. We all want to earn and investing on bitcoin is a good way to earn a lot. |
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