Major use of bitcoin right now is its use for purchase of other currencies and trade on all exchanges. Because of this demand is high and it's price is rising more and more as more people are entering in crypt and they have to buy bitcoin first to trade against other coins.
That is right, bitcoin now is partly needed if you want to trade against other coins. And as we can see now, how it's value getting higher and how it attract many people to adopt and entering crypt day by day. That is why it is a major use of bitcoin now. Bitcoin can also use now on shopping onlines and most online transaction. And especially bitcoin is a perfect investment with a clearer future. |
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Recently Bitcoin got very high fluctuations. It went up 19,000USD(nearly) and dip to 12,500USD. In this situation does BTC stable ?
What are reason for that kind fluctuations ?
How long it will take reach 19,000 USD with this kind of market fluctuations ?
Obviously not, bitcoin cannot be stable because its value is volatile. It's value goes up and down that no cannot predict when will it occur. It's price also defends on the demand of bitcoin and supply in the market. Also we are defending on it's price when is the best time to sell and buy. So probably the stability of bitcoin will take a long run before it happen. But atleast bitcoin value itself make its own standing in the market. |
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I heard that bitcoin is a good investment for making a huge profit in the future , is that right ? Because i want to buy some bitcoin in these days .
You've heard it right, bitcoin is a good investment because as it is getting popular the more profit you will earn. Just be smart on investing monitor your investment, study it well and invest for long term. There are so many people who became millionaire because of btc, they hold it for long and they patiently wait for bitcoin to grow. And if you are a real risk taker go for it, invest and be patient because it will take a long run. Goodluck. |
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In my country I haven't heard any good news, mostly tell people that it is scam and etc. that was what I've watched in one of the talk show here. But surprisingly Bitcoin user here in our country is increasing. Maybe it's because bitcoin open lot of opportunity and especially the good feature of it. Also maybe it's value catches the attention of everyone here. Even bitcoin price is volatile, it's believers are no doubt increasing. And people now are getting familiarize in crypto currency.
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Does Social Media Influence bitcoin growth?
It does, many people now are into social media that is why bitcoin is getting popular. Many people now are posting about bitcoin so there friends and followers will see it some will ask what is it because it catches their attention and they become interested. And because of that it's like a grapevines which spread not only in one person but in many people which is good. So for me social media is one of the reason why bitcoin population are increasing day by day. |
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That's correct. 2018 looks promising for bitcoin as people are amazed at its performance last year from start to end. I think there will be a rally for BTC this year to reach an all time high.
2018 will be a long run for bitcoin, cause like what you've said 2017 bitcoin performance is promising. It started last year which bitcoin show the world how it works and also bitcoin last year become controversial. Controversial not in a bad term but rather in a good term because it amaze people that is why now many people are interested. It become the talk of the year which some people debate about it because some news are on negative feedback and some on a positive feedback that's why it give curiousity to others. Looking forward to 2018 and i know many people will adopt it this year.  |
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Does Bitcoin Need The Social Media's Help To Promote Itself?Well, Bitcoin needs all the help that we can get. With its current situation, Bitcoin Foundation is just thinking out of the box to help Bitcoin recover and might even succeed. With the help of Social Media, bitcoin can attract new and young users. Learn about bitcoin and eventually adopt it. Maybe this is the first step of mass adoption. What do you think? Yes it needs promotion and social media is the good choice. There are many active young people in social media, and I think it wont be that hard if we are promoting bitcoin there. Putting attractive ads that will catch their attention and of course we should also make sure that its content will make them believe in bitcoin and will make them decide instantly to join bitcoin community. We, who believe in bitcoin can be an instrument in promoting bitcoin in social media, we can start with our personal account and start explaining it with our friends there. |
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given the cayos happening in the world i wouldn't be surprised of nuclear war and in this case i would expect internet disruption question is what happens to Bitcoin if internet goes down?
home internet and mobile internet goes down
do not mean trade bitcoin to buy/sell i mean using it as a way of payment say you wanted to send money to someone abroad for family far away
Given that scenario bitcoin will be useless, no transaction to be made and if it really happen we will be depending on cash. Since bitcoin depends on internet all of it's transaction will goes down also. But I don't think and hoping that it will not happen even in the future. We are doom but hoping that when the internet come back our wallet is still intact and safe. Let just pray it will never happen, because no internet no bitcoin that's the saddest part of it. |
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When it comes to the investment, many newcomers or people with frequent requirement find it difficult to invest for longer amount of time. Here by short investment i mean any investment which is less than year old. That investment has been cashed out within a year. And by long term investment I mean investment which will be kept for more than year ( ideally 10 years or so).
What do you think which is more beneficial short term investment or long term investment
I would probably go to long term investment because as we can notice the more you keep it long the more you will gain profit. But I am not saying that short term wont gain profit. It just holding it for long term get more chances, and your investment value are getting higher as a time goes by. But always make sure that you will invest in a right place and you know what kind of investment you will get in. |
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It is know that bitcoin has made a few millionaires, but many of these people donīt have any particular knowledge of the economy nor business. Do you think that is a fair situation?
That is fair, even though they don't have any particular knowledge they do their best to achieve it. They deserved their wealth because at the first place they do believe in bitcoin with no doubt. Bitcoin millionaires did there best to study everything in btc and they patiently wait and now achieved success which they truly deserved. Even you don't have enough knowledge in everything but you are eager to learn it, you'll surely get the result you really wanted. They really deserved their wealth because they work hard for it. |
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Hi there,
first off - @admin, Iīm not sure if this is the right forum category, so please shift if unadequate!
I wanted to know why big companies like Microsoft, Paypal, Overstock and now consulting firms (with PwC HKK) accept BTC as a payment method? Regarding the latter, itīs due to increasing cooperations with start-ups that operate with BTC as main payment, but regarding the others?
From my point of view, companies with sizes like the above mentioned (refering to cash flows and generated income) are normally risk averse and therefore it seems counter intuitive to me to accept BTC as a payment method due to its heavy volatility.
Moreover, not knowing how regulation might influence the outcome for BTC is another argument for not accepting it?!
This leaves me with only one (rather) simple solution, which is that they are convinced of BTC price rises (in the short-term at least), or even a bit more fare-fetched that they are convinced of BTC as "the new digital currency" or similar.
But thatīs not plausible for me!
Does somebody know how much BTC Microsoft or the others generate with the exchange of fiat to BTC and vice-versa?
Can someone please help me out, itīs really grinding my gears Huh Huh
Thanks a lot Smiley
Big companies accept bitcoin because they know how well it will goes in the future. One thing that push big companies to take the risks are the demand of users and it's incressing population. They know bitcoin users, are mostly their clients also that is why they accept it. Big companies knows how to do business to business transaction, and they would not risks for nothing. They accept it because they know they will surely gain profit. |
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What is bitcoin for you? Is it a chance or a scheme to get rich? Or is it actually to keep your wealth to yourself.
What lead you into bitcoin world and what's keeping you here?
Bitcoin for me is an alternative or additional income. Btc can help everyone who believe in it, and it has a lot of opportunity who can give us profit. Bitcoin is a chance and a way to change my kind of living. And i am hoping it will really happen. I am not hoping for too much, but i will surely do my best for me to achieve success here in bitcoin. And I am hoping for all of us to be successful. |
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Should I Invest In Bitcoin?
That's a question answerable by yourself. It is your decision but before investing better make sure you put it on a right place and invest in a right time. Investing in bitcoin will probably a good investment, there are many people who can proved it. And if i were you also, I'll probably invest too in bitcoin. Just take a piece of advice from the expert and continue exploring to make sure your investment will have a good profit. Goodluck. |
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Hearing to your proven story, it is really a great inspiration for us who is new in bitcoin. We can see now that some of new rich people are from bitcoin. And hearing from all of you, will push the eagerness of everybody to become one of the community. It is still for us on what or how we will do to achieve and be successful in bitcoin. Everybody can be a teacher for each other, and I know in some point all of us will be the new rich for the next generation. |
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This is so really hard to say special cause its difficult to explain specialty in short word
Some of them are given below:
Its a type of currency which know as peer to peer currency and this permit to send and receive money without help of broker or third party involvement
Every bitcoin holder can review their account information after sending money or receiving money from their account.
After all kind of transection bitcoin recorded sufficient proof of every client and account holder through different facilities.
Buying and selling process is so much easier than other currency
I think above mention quotation is sufficient for proving that how much special the bitcoin is.
That is absolutely right, above mentioned are the reason why Bitcoin become special currency. Bitcoin is very efficient and easier to use, as well the security itself make all bitcoin users doubt free and more secured. And as of today bitcoin became popular and the number of businesses who are accepting it is increasingly. And the records for every transaction is the best feature of bitcoin for me. Because I or us can monitor everything we do using bitcoin, we can also see if we received payment and vise versa. There are so many reasons to mention for us to proved why bitcoin is special. |
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All of us have a bucket list, and I am aiming to do or get it using bitcoin. As for 2018 I really wanted to travel out of the country so probably one of my bucket list is to buy tickets with bitcoin. Atleast one country for this year, and if this year really become a bitcoin year for us I am aiming to invest and I will buy atleast one property. There are so many things that I really wanted not for myself only but for the improvement of my family and I living. And wishing that one by one it will come true by the help of bitcoin. So let's help esch other for us to aim success. Fighting everyone.
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TV can be good media to reach wide range of possible bitcoin users but running tv ads will cost so much and nobody want to pay those money from their pocket.
There will be no any incentive for the one who will pay for those ads. However I think we may see some tv ads in near future from bitcoin related local services in few countries to promote their services.
That is true, running an advertisement cost too much it is not that easy and just like what you've said I don't think there is no one who will paid for it especially if it will come to their own pocket. Although it is a good idea, because television has a wide range of viewer and its a good market. Let just hope that there will be a positive and good news about it. That will be better and surely will catch more and will increase our population. |
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It is not the media itself who is against in bitcoins. They just met people who really don't know what bitcoin is. And when they had an interview I don't think they go on other side to see a contradiction to what really it is. And maybe it's there strategy for people to read or watch their news, but not totally all media some televised its positive part and give positive feedback. Media doing their job even though they will not go dipper and absolutely they really had no ideas in crypto currency that's why some news are against in Bitcoin.
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Very recently I read an article , which assumed bitcoins to be exactly like the Dutch tulip mania , the Mississippi bubble and the south sea bubble.
The author of that article (which was published in the economic times ) said it's now time to move away from bitcoins , the market has ended and the sooner you forfeit the lesser will be your loss.
What do you guys think about it ?
I don't think it is the end for bitcoins. We all know that not everybody is pro-bitcoin some are against and don't believe bitcoin. Especially now that the price of bitcoin is going ups and downs that's why others look on its negative part. But not necessarily bitcoin will come to its end, some financial analyst foresee that bitcoin value this year will continuously increasing. We bitcoin believers should not easily believe because fake news are spreading everywhere. |
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