I actually think that gold is better than bitcoin. however, it is very difficult to get the gold, so I decided to look for bitcoin. perhaps, winning gold in the price, and long-term investment is excellent. but, with bitcoin, although we do not know if it's a good investment in the long term or not, you can still make bitcoin that you have become more the other way.
but i think both have their own advantage and disadvantage.i think gold is save investment no doubt but it cannot give you good profit while bitcoin is a little risky but it can give you a good profit in no time. |
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Bitcoin is more safe to carry a lot of amount than money.Besides carrying this is much hastle free and easy to transfer.If every store and shop starts accepting bitcoin people won't carry cash more  But spreading the idea of this kind of exchange can help this process a lot. Many people still don't know a word about bitcoin.Afterall it takes time to eshtablish a new way among general people. I agree with you. bitcoin more convenient than cash. especially when transactions are carried out require change. if you do not have any money with small nominal would be more difficult if the seller must give change money. yes bitcoin is more convenient than cash but in those places where the facilities of bitcoin are available where people can use bitcoin in their local shops for buying stuff and doing other shopping. but i think in most of the places such facilities are not available. |
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The future of bitcoin will depend on its price if price keeps on moving upwards then many people will adopt it as a currency and as a investment too but if price falls dramatically in coming years then I am sure that people will stop entertaining bitcoins and move to some other investments which can give them good returns.
yes that is a fact that the future of bitcoin is depending on the price of bitcoin, if the price of bitcoin will be increasing people will be taking more interest in it and will be making bitcoin more stronger that its previous position. therefore the price of bitcoin is too much important for bitcoin. |
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there are many ways to use bitcoin whether online or offline but the most noticeable use of bitcoin is thru online like buying digital goods and if your into porn they are opening there payment thru bitcoin now but not mostly because they are profiting from it usually to those underage people who want to subscribe to their site now knowing they are underage. Offline forms of spending bitcoin are too small at the moment and its hard to find one who accepting it depending of country of origin.
i think online shopping is the best way of spending bitcoin , in fact in our area there is not such a shop where we can use bitcoin. therefore we mostly change our bitcoin first into fiat and then use it for completing our daily needs. |
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i want to join this signature campaign.
Name: grandy
Rank: Full. Member
Post count: 184
BTC address: 1Dz95MRFnoAea6ZmQxEb1DvsXDrURBBLeg
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Dier dev!
yesterday, I sent you a private message about that, I participated in the signature campaign for 2 weeks, but no see the answer
Also, I did not get a private message from you. Perhaps you sent it to camosoul, who posted the sig campaign thread? Please send all communication to me directly via PM, as camosoul is unavailable lately. Thanks again. dear sir i also want to know that we have completed our two weeks posting target so when can we expect the payment ? |
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There are different possibilties regarding to that problem, may be their rules and laws don't allow to support bitcoin. But i don't think so that bitcoin is banned in some countries, there is a possibilty that they don't know about bitcoin and there are many countries where people have no idea about bitcoin. People earn money and meet their expenses so why anyone hate bitcoin or banned bitcoin as they know that they will earn a good amount from that.
yes i can agree with you with second option, to in most cases people do not know about bitcoin therefore they are not supporting it. i do not think some countries may have banned bitcoin but the only reason can be that they do not know about about. |
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This is a question that depends a lot on the profile of the investor. If the person has experience in trading, or is willing to learn how the market works, by doing a deep study of it, in this case maybe the individual can get good financial returns, but nothing is certain, since Bitcoin price is always changing, and often these changes are unpredictable.
yes that is right to say that it depend on the experience of the person, you should invest your money in such place where you have good experience, for example if you good experience in trading then you should invest your bitcoin in trading and if you are interested in gambling then you should invest your money in gambling. |
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my biggest bitcoin regrets is i am not borrow some money to buy some of bitcoin in last year so if i am borrow it, then i will easily to give back the amount of money because i have a big profit for selling bitcoin in $1100 in a weeks ago. but we can not predicted and we don't know what will happen in the future so i think the best thing that we can do for now is continue to trying to earning much of bitcoin as much as we can.
to me in in previous day when the price reached to 1150 USD then in one time i decided to sell my bitcoins, but after that i did not now you can see the price of bitcoin that is really trading very low, but still i am hopeful that its price will start rising again very soon. |
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Theres a possibility that this thing will surely happen on the future but we cant be still assure that banks will vanished since they will definitely still exist and developed even more since government will surely allow it if banks would decide to make electronic online transactions.It does still depend on which country you live in.It depends on their decision if they would adopt or not.
I don't think banks will disappear in the future. Maybe it will, but most likely it would not happen as banks serve a great purpose in the financial world and in all societies. I agree with the government allowing banks to create digital currency. This could happen. Digital currency that is controlled by banks. Online bank is somehow evolving into a digital currency. So this could be the future of banks. i also agree with you banks are not going to disappear, but their importance and their uses will decrease with the passage of time. because in future most of the people will turn to bitcoin and few people will be using fiat but i think still it will take a lot of time. |
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My experience when I first started bitcoin is fun,eventhough I am still confused on how it works I still enjoyed knowing and learning how to use it.
Yeah everyone have different first experience when start get in bitcoin. But commonly a newbie through hard period when start with bitcoin they are lack of information how to earning bitcoin. Even until they work with faucets during few months. Nb: please do not use too much enter in your post, It is so annoying. actually a newbie is passing from their learning process with most effort and less income, but when he become mature and get some experience then he can get good profit from bitcoin. |
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Who in the world controls the bitcoin? I don't understand where it appeared and how it began to be one of the official currencies?
Who controls the course of Bitcoin?
Everyone in this world control the bitcoin , User who had bitcoin from their bitcoin wallet and also those traders who buy and sell into market, and Iknow in USA has the biggest population who uses bitcoin also china and those friendly countries who had billions of users. yes anyone who has the amount of bitcoins in their wallets is his property and he is controlling that amount of bitcoin, but not a single country a single person or a group of people can control the whole bitcoin. |
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A normal transactions you have to wait 10 minutes for a transaction to be confirmed.Some times transactions taking a long time to be processed by the network problem.It depends also which types of wallet you use and fee that you set.
yeah you are right that normal transaction time is 10 minute and i think its very fast transaction than other service or bank and there is maximum people prefer that bitcoin transaction is very much faster . Yes, to compare the bitcoin transaction time span to bank one I guess bank is defeated then, But I guess 10 minutes waiting is good enough to wait not for days to be confirmed and received by recipients. And to use this as payment method to groceries is a good Idea but just let the owner of the store be enlightened by what and how biticoin really works. For normal transaction this 10 min wait is ok, But in future, if we get a chance to pay our bills through direct bitcoin this waiting time is bit high. Already in some countries, people are using this facility, but in my country, it's not there, if it comes means the transaction time should be improved otherwise shop owners will not wait, and they will not accept bitcoin as payment. last night my friend sam send bitcoin I quickly within seconds has been entered, SO VERY NICE STAY NOW Bitcoin system development BIAR AGAIN MORE ADVANCED AND CAN BE APPLIED some time when there is a huge traffic then it create problems. but most of the time it remain ok and without any delay. we can hope that the systm will become more and more develop with the passage of time. |
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Is it correct if more people start to use Bitcoin than they will use less fiat currency than demand of fiat currency will reduce and at the same time Bitcoin value will be growing?
There is no demand of Fiat but the demand of commodity or service that can be acquired with fiat creates Fiat demand. If fiat is totally replaced by bitcoin,then Fiat will become useless and obviously there would be no demand for it. Value of fiat depreciate with storing it while bitcoin value appreciates with time. Fiat wouldnt become useless in the long run and im sure with that and it cant be replaced by bitcoin no matter what.We cant say that fiat is on demand since we do really need it on everyday living.Value of fiat would not depreciate and it cant really be compared or compete with bitcoin since bitcoin is getting its value from fiat. i think yes with the passage of time it can be possible that bitcoin will overcome fiat. when the number of bitcoin users will increase more and more. in our area the number of bitcoin is really in creasing too much and if the same ratio continue everywhere the defiantly bitcoin will become number one currency of the world not online online but in real life also. |
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May i know whats wrong if majority of bitcoin owners are Chinese? And what makes China the largest bitcoin owners?
there is nothing wrong to it and i think they have really give support to bitcoin in start when other people even ignore it and do not vig any preference to it. ans now if their number if more that any other country so it is due to their hard work and i think we should also try to increase the number of bitcoin users in our country . |
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For me, bitcoins can not make banks disappear. First, they are now working together even they function differently. Their combinations is one of the successful moments especially to BTC. I consider both of them to improve and to have better development in our economy.
Yes banks cannot be disappeared easily by bitcoins. And as of the moment there is no bank that is ready to accept bitcoin but there are some that are showing interest with it. But this is a risky move for the banks, because of its decentralization that can cause economic collapse if all the people will use bitcoin because it doesn't have indefinite value. Clearly it's impossible to happen, banks are for fiat and it cannot accept bitcoins as there definition of bitcoin is properly. Bitcoin will be widely used online but it will not a time that it will be legalized as a currency. Every country has their own, so why would a bank entertain bitcoin. currently they may not entertain bitcoin but in future when states will consider bitcoin as legal currency the probably banks will also accept bitcoin and they will create online system for it. |
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Why ?
There are many reasons. Here is list of some important reasons which make bitcoin as future currency -
1 ) Bitcoins is anonymous currency
2 ) Bitcoin is decentralized currency
3 ) Bitcoin is digital currency
4 ) Bitcoin is virtual currency
5 ) Bitcoin is open source
6 ) Bitcoin is safe and secure
7 ) Bitcoin have own protocol
8 ) Bitcoin is peer to peer currency
9 ) Bitcoin is transparent
10 ) Bitcoin wallet just need computer with internet to access
11 ) Bitcoin supply is limited
12 ) And last popularity and demand of Bitcoin is increasing exponentially.
i think for this reasons, i will choose the best methods that will work for all people which is to make money and i think this is why that the most people which use bitcoin is agree that bitcoin is the best future currency. yes these are the very solid reasons for bitcoins to become the best future currency. to me that is also a solid reason that people interested for online business is increasing from time to time and the process is becoming more simplest by bitcoin. |
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Paper money is normal a good pay method but everything is indeed getting more digital and due to that we can say that it will disappear in about 20 years from now without any doubts.
yeah something obsolete will be replaced with something new, more sophisticated, I know that paper money is very easy to use, but the digital money will be easier and will replace it in the future I agree, thats because bitcoin is better than fiat. For me bitcoin is as worth as gold. Some people is get saturated of using fiat then they convert it into gold or bitcoin. Bitcoin brings so many adavntage for us such no inflation. I hope you realize that if the paper money disappears doesn't mean bitcoin will replace it. and IF paper money did disappear governments will just create their own digital currency which they can control just like paper money. Everything is under the control of the government, if ordinary people can make a bitcoin like sytem, the government can easily make the same. Digital currency might be the trend in the future but I doubt if that will eliminate the popularity of paper money, it's still convenient to use paper money. yes currently there is nothing wrong to paper money, because still almost all the people of the world using fiat currency, but as soon as the trend of online currency is increasing the value of fiat currency is decrease, and a time can come when all the people of the world will be using online currency. |
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If bitcoin become a legal currency the price of bitcoins would increase a lot and the price of commodities would decrease a lot .and there would not be any black money at all .it would be eradicated .
I don't know because if Bitcoin became legal its possible that the government of every countries can gain control of Bitcoin price.And its possible too that Bitcoin price will be stable. but i do not think that even after accepting bitcoin by the governments, they will have access to bitcoin and to control it, i think bitcoin cannot accept such interruption, because then bitcoin will lose its originality. |
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I would choose gold for sure. It is more efficient as bitcoin. Gold is always going up, like if we look on price in 2000s or right now, we can see how much more profitable it is nowadays. Also it is much more stable as bitcoin and good for a longterm trade.  after the collapse of the price of bitcoin is 27℅ week, I also began to think realistically that long-term investments would need tranquility despite the increase was not significant, and it is of course gold. bitcoin sounds good if we use for short-term investments. certainly now a lot of people who regret not sell when the price of $ 1.100, but I am still optimistic price immediately rose. Contrary to what you wrote, I believe that Bitcoin is ideal for both short-term and long-term investment. In the long-term, we can expect the exchange rates to climb to around $5,000 per coin, resulting from the increased adoption. In the short-term, we can expect the BTC to continue with its upward journey, once the profit booking is over. currently the price of bitcoin is trading a little high from my expectation therefore i think short term investment can be a little risky, therfore i will also suggest long term investment. and specially in present time. because if you have invested your money in long term investment you will be a little confident about your investment. |
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