This will increase the price of coins, but you need to improve the system so that there are no failures due to a huge number of transactions.
I agree. And I think that the bitcoin blockchain system can never maintain a huge number of transaction daily if the whole world starts using Bitcoin. There will be another altcoin strong enough to sweep Bitcoin away Those problems that we are experiencing will surely be fix when all the nations are already using and adopted bitcoin. And it's a thing that will make the price to pump, the demand will be higher and the supply will be lesser and I guess when it happens, satoshi's / bits will be more valuable by that time and has a very good value. Well you're idea is acceptable and if nations will adopt bitcoin I think many hardworking people will have profitable income in the future. to me i think it is already the future of bitcoin that all the people of the world will accept bitcoin as legal currency and then all the people will be using for online shopping as well as they will also use it in local shops for shopping and so many other purposes. i think the trend of new generation is already toward online shopping ans business therefore they can have bitcoin as the best option for fulfilling their wishes. |
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Hey Guys, what would be your opinion if there would been Bitcoin shops in big cities like London, Berlin or Paris (also smaller cities). So you could go inside the shop and buy or sell Bitcoin for a good price. I think it would be an good (and an advantage) idea because more people would use Bitcoin so the price would rise up and the people who are owning Bitcoins at the moment would have more money in Bitcoins.  Best regards, Patrick  I love the idea of a bitcoin shop but I think if someone decides to open a shop like that then you probably going to want open shop in a place that has lots of bitcoin user, so instead of choosing a city in Europe, you could choose Tokyo now that Japan has recognized bitcoin as money. yes that is really a good idea,but i think it is also very difficult to survive in a big city, as the expense are much more there as compare to small cities. |
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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. Embrace does not mean accept? Maybe that should be targeted by bitcoin. At least banks can embrace bitcoin. As banks accept the deposit option with bitcoin. Of course it would be very nice. But no bank has embraced bitcoin yet Banks will never accept bitcoin as currency but they will recognize it as a payment system, but in that case we need a third party and usually it is the exchange sites that will bridge us. Every country has different currency and even in cryto world we have different cryto currencies but it so happen bitcoin is more popular. to me i also think so that still there is not a single bank who are accepting bitcoin, i think they are waiting for the governments, when governments will accept bitcoin as legal currency then they will also accept bitcoin for depositing and withdrawal. |
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So you are talking about risk. The risk in investing in bitcoin or anything is that you can lose all your money. That is the highest kind of risk in anything. It is your money and it is a huge amount. You have to make the decision yourself. What is your personality? Do you like to take risks? Do you think bitcoins will occupy a beneficial position in your depot? If so, go for it.
Risk is everywhere in life and investment in bitcoins is also not risk free. So there is no thing in the life which has no risk. But i still think investment is bitcoins has very less risk as it is the most demanding currency of this decade. Even investing in bitcoins involves a huge risk as no one can predict what will be the price of bitcoins in future but as of now I think bitcoin is a good investment as it will definitely survive for next 5 to 6 years so if you invest now and withdraw your profits at the right time then there is no big risk in investing in it at a moment. in fact every investment is risky, there is no doubt about this, as same is the case about bitcoin that if you will take the risk only then you can make money from tradinng bitcoiin or alt coins. |
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I keep the bulk of my bitcoin on a at wallet I run from BIM in a server pc I use for all my coin wallets and to stake with. My main spending wallet is st blockchain.info I like the ease of use of online wallets for buying from where ever I am. I then have two addictional wallets. One for gambling and one for trading and investments.
but i do not keep bulk my bitcoin in online wallet because of security reason. i personally using different online wallet and distribute my bitcoins there in different wallet so as to avoid the chances of stealing or hacking my online wallet. |
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Freedom is the strength and weakness of bitcoin. It is easily exploited to commit violent acts, many articles have been written about this before. Bitcoin is used in money laundering, illegal trading and transportation of illegal goods. Bitcoin is used as a tool to carry out offenses. That is a very bad thing for a coin. Its reputation is greatly affected.
but i do not think that it is the weakness of bitcoin, i think it is the property of bitcoin to remain as anonymous and not as centralized currency of the world. i am hopeful that bitcoin will continue its property for ever. |
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Hi friends,
As far as I know, bitcoin payments take a little time to approve. Will these approval times make it difficult to use bitcoin in our daily lives?
For example, I would get a coffee from Starbucks. Do I have to wait for approval to pay for what I have done for hours?
Yes,its a big issue in bitcoin nowadays.It should be solved quickly for the progress of bitcoin.Otherwise,big companies would drop their plans of adopting bitcoin payments. I'm sure there will be a solution for that issue as more and more companies and merchants are accepting bitcoin, even other countries are now starting to accept bitcoin. Each and every problem have a solution and same goes with bitcoin transactions too and I am sure that core development team will work on it and will bring solution in quick time as if its not done in right time then many users will drop an idea of using bitcoins. yes no doubt that it si too much important to solve this problem very soon, because the users of bitcoin are continously increasing and therefore it is very much important that the new users should not find any hurdle in use of bitcoin. |
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Bitcoin will always be #1 because its the first crypto-currency that truly revolutionize how online payment platform should be. Anon, fast(?)de-centralized and now going global. Japan has proven it by getting it legal in their country so its going be mass adopted by other countries as well. No other alt-coins can matched bitcoin popularity.
to me i think bitcoin will always remain as number one crypto currency because the users of bitcoin are increasing continuously, i do not think that there is any other crypto currency which can compete with bitcoin. |
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digital things can not be killed. It bases on the internet and as long as the internet keeps surviving, nothing can harm it. Bitcoin prices may drop but It will never die. BItcoin will exist for a long long time
Bitcoin will surely exist for next 10 years as I don't see any competition to it till that point of time but not sure what will be the scenario after that as the technology gets more advanced then there is a full possibility that it can get replaced by some new technology in future. I do not think that bitcoin will be replaced in the future. Most likely the one will be improved. But he will remain bitcoin. I believe in the great potential of this currency. He can not just die like this, this is a unique phenomenon i also do not think that bitcoin is ever going to die, because bitcoin is becoming popular from time to time and i am hopeful that a time will come when all the people of the world will start using bitcoin, which will make bitcoin as more active currency of the world. |
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I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
That's really weird especially the jail part, the countries I knew allows Bitcoin use, though it's not legal but there are no such restrictions. But then again each country has its own policy and rules. Maybe the citizens have been grossly missing it or the country has not understood it at all. However I feel. Really sad for this users. Hope the country changes it law. yes there are no such law that saying that a man that are using bitcoin will be under punished, therefore we are free to earn bitcoin and use it, We are allow to use it if the site that our using is not restricted in our country. to me i think the only reason can be that people there do not know about bitcoin. therefore they are not giving any preferende to bitcoin. i am hopeful that in future when they will know about it then they will certainly show good interest in bitcoin. |
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You can't agree or not agree with a Bitcoin bank since there already is a bank. You are the bank. If you don't know these things then why re you on the forum ? Knowing you are your own bank is the basics of bitcoin. Anyone entertaining this silly notion shouldn't even be involved in bitcoins never mind be on this thread.
i also think that it is not such a good idea. to me i think in currently time the online wallet system is the best system and i will like to continue using this system, as in bitcoin bankiing system will will just like the other offline banking system but still i like to continue with online wallet system. |
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What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?
Anonymity is the biggest hurdle for bitcoin to get accepted by governments/banks because they can't implement taxation as well as they can't track source of bitcoin. However anonymity is also the main feature due to which many users love to store in bitcoin and use it whenever they like. Governments/banks may never accept direct bitcoin payments, but they may implement strict rules/regulation and high fees on local bitcoin trading platform. And as recent coinbase and PBOC investigation have shown that governments are now looking to get detail about every bitcoin traders who are actively trading bitcoin so that they can put tax on their earnings as well as limit money laundering. But for what the government want it to bitcoin is not going to be happen because of decentralization it has, and we all knew about this things of course. So the government haven't get any benefits from it, unless the government adopt the system of bitcoin, but its not also going to be happen because they are base centralized like what the other private sectors did. yes no doubt that there are some hurdle for the governments to accept bitcoin as legal currency, i think it will take some more time untll the users of bitcoin increase more and more and then government will start thinking about to accept bitcon as legal currency and the put different taxes on it, but i think for such thing to be happen i think there is still some time lefting for that. |
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There are many great way to earn bitcoin. But only few I used like signature campaign, gambling, onpal and faucets.
It is easy to earn bitcoin in this forum all you need to do is to join in signature campaign and promote their site. Next is gambling, sometimes I play on gamblings site to earn profit but there's a low chance of winning there. Next is onpal, I used onpal to earn bitcoin however almost of onpal is ending up on scam. Last is faucet, this is the easiest way to earn bitcoin however its is too slow to earn there.
We have the same way to earn bitcoin. I used signature campaign to earn bitcoin weekly. If I have spare time I used it to play gambling to earn profit but just others said there's a low chance of winning there hence I used some tricks inorder to gain profit. of course i will also refer to signature campaign to earn bitcoin, although there is a lot of ways to earn bitcoin, but the signature campaign is the most easy way to earn weekly income as there is no risk to the money, you just need to work honestly for the campaign and get your weekly income. Exactly people who don't want to risk their money by investing it will always prefer to earn bitcoins from signature campaign as you don't have to invest any money in it and there is no risk of loosing money in it your income will depend on the payouts of campaign. but in every investment risk is always involve there, from a signature campaign a person can only get a limited amount of bitcoin, while from trading there is no limit of earning money, therefore i will always like to invest some money in trading alt coin so as to secover some good position for making money. |
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Bitcoin gives oportibutues us year by year and bitcoin is growing up too , when we check bitcoin price year by year we can see how it is going bigger and i think this year bitcoin will have so many new user and bitcoin will improve itself and we will get good news about bitcoin in some countries and this will getting up to bitcoin price .
yes there is no doubt that the price of bitcoin is cointinously increase, as we examin the rice in 2015 then in 2016 and now in 2017 we can see that in every year there is remarkable increase in the price of bitcoin, therefore we can expect that the trend of bitcoin price increase will continue for a long long time we will see the price trading above 2000 USD level at the end of 2017. |
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I would choose bitcoin, can't argue with that price bitcoin very profitable, in 6 months the price has gone up to 160%, no investment is phenomenal this century except bitcoin.
That's why more people are consider about bitcoin as promising investment for them. over 100% increase and that's really a lot. It gives a massive awareness for the world. Well, the rise in bitcoin prices is proof that so many people are choosing bitcoin instead of gold. Well, the price of gold may rise, but the increase can be said to be very slow because the demand is only people who have a lot of money, while bitcoin have enthusiasts of people who want to make business. although now people is choosing bitcoin, in real life, many people still choose gold than bitcoin because they only know that gold is the best investment and its the traditional way that they can made. but if in out there, there is many people spread word about bitcoin, then i am sure that people out there will be choose bitcoin too and they can make two type of investment for long term. Yes, people will going to choose bitcoin because it's more reliable when it comes to investments and that is going to give you better profit. In gold, there's a lot of investors already but with bitcoin still you can cope up with the investment depending on how much you want to invest with it and it's like a built in currency and investment. to me i will also choose bitcoin, because bitcoin is really giving us good profit as there are more chances that the price of bitcoin will goes up and that is the reason there i will like to invest in bitcoi rather than gold which have very stable price and we cannot expect as remarkable increase in the price of bitcoin. |
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It is sounds good, I was great to know that bitcoin were becoming global currency. Because if all country have same currency, leveling of of people in the world were become fair to each other.
but to me think bitcoin is already a global currency because the users of bitcoin are available everywhere in the world. as you can find the users of bitcoin in all over the world and therefore we can say that bitcoin is a global currency. |
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I think trading and investing is good. Do you want to let your money out and not worth? If yes then save your money to the bank, now we save USD 1 million could buy 2 kg Gold, 10 years longer then just enough to buy 0.1 kg of gold. the investment is the best.
i think trading is too much good, as from trading we always have an opportunity to make money in short period of time and you will also remain as active because for successful trad, you need to have good knowledge about bitcoin market. |
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I know there are many big players who manipulate bitcoin price and make huge profits but can we the bitcointalk members also form a cartel and let oo impossible bitcoin price never fall?is it possible that we manipulate price as I am sure most of bitcoin users visit this forum
it's too impossible for the individuals users of bitcoin to manipulate the value price of BTC. Only the big whale investors or big companies had a capacity to manipulate the price of bitcoin. yes, it is only impossible for big holders like exchange sites who can sell their stock at higher prices when there is downfall in Bitcoin prices and buying it from other side. Whereas individuals like us have a negligible control over Bitcoins prices. although it is look like possible but i think it is not such as easy job. and specially in present time when the users of bitcoin are increasing from time to time, so it now becoming difficult even for a long long time an. |
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I'm not aware of any banks that accept Bitcoins. They may never provide this service since it is not a government issued currency but maybe after some time that will change.
yes i also do not think that there is any single bank who are accepting bitcoin, but i am sure that when the government will accept bitcoin then. i think the banks will also start accepting bitcoin fa long long time |
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Hi friends,
As far as I know, bitcoin payments take a little time to approve. Will these approval times make it difficult to use bitcoin in our daily lives?
For example, I would get a coffee from Starbucks. Do I have to wait for approval to pay for what I have done for hours?
Yes,its a big issue in bitcoin nowadays.It should be solved quickly for the progress of bitcoin.Otherwise,big companies would drop their plans of adopting bitcoin payments. yes no doubt that it is an important issue to be solve on priority basis, as it will create problems in future. i think most of the big companies are thinking about to adopt bitcoin as their payment system but i think if this problem will persist then they may be also thinking about that issue to decide either to accept bitcoin for payment system or not. |
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