Lets say there are million of users of bitcoin i think there are still alot of people who holds gold instead,all people who have banks owns gold from the government and all rich people holds it,so i think bitcoins users is still less compared to gold users
Obviously gold is a good hedge for historical reasons, but most people who own gold own it in an exchange-traded fund, which frankly isn't any better than bitcoin. This is the same problem of people holding large amount of coins in a web wallet, it is a mistake, most people that own gold have paper gold that is no better than any other paper asset, or they have stored their gold in banks or vaults owned by someone else that in a time of crisis they are not going to be able to access, it is better to hold you gold and your bitcoins yourself. |
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according to my observation, most people do not know about Bitcoin. only those who love technology as we know and love it. If we want to develop further Bitcoin, we should bring technology closer to people's lives better. That is the best way to grow Bitcoin. Your observations are correct, and I think anyone saw it
I’m not so sure what could be done to bring bitcoin closer to people, in the first world, people are already very dependent in technology, is not rare to see people walking like zombies staring at their smart phones, bitcoin is already easy to use, I think what it is going to bring people to bitcoin is the hope of getting a lot of money similar to what happened to the dot com bubble. |
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Bitcoin and gold are the best investments in the modern world. You need to use both options to avoid losing money and making more profit.
well if you are thinking for a long term investment this two assets are the best to hold as the value will possible to keep rising and rising from time to time, there's some fluctuations and downfall but for sure the value will survive and its bring big fortune in returned. The gold is the asset that is acquired by the rich people from ages it has a history and it is a symbol of wealth. The bitcoin on the other hand is very much young compare to the gold but is considered as a digital asset and I am sure a time will come when the bitcoin will be a wealth symbol. Even though bitcoin is still younger compare to gold, it has more potential than gold because just look at its price then you can see a huge price pump in bitcoin while in gold it is just stable on its price and just getting a fewer gains rather than bitcoin which is not that satisfied for me. Bitcoin is more on a good asset to hold for long term while gold is just for rich to preserve their money. It is obvious that bitcoin holds a lot more potential than gold, gold has been mined for thousands of years and people have thought about all the possible things that we could do with it, so there is not much that can be done with gold that has not been tried already, bitcoin is different, its potential it is still unknown many other services are being developed above bitcoin and we do not know how much the value of bitcoin could go up due to that. I agree with you here completely. Gold is probably still going to be considered one of the best store of values for decades/centuries to come. Maybe even millenniums. And through all these years, its value is going to be essentially not fluctuating at all - it'll pretty much remain constant. With bitcoin though, i'd expect in a few decades time when it really gets picked up by the world as a true alternative to dollars and pounds, trade volume will explode and so will the price. BTC basically's got everything that gold's got, except even more convenient and divisible. Correct, gold is one of the best ways we have found to store value, if we could travel in time, you could buy goods in almost any part of the planet and at any point of time with coins of gold, that show us the acceptance of gold through the ages, bitcoin potential is unknown but at the same time the potential of growth is there, that is why I’m putting most of my money in bitcoin |
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Right now, the prices are down because of the Bitcoin scaling issue. There is a good chance that this issue will be resolved in the near future. If that happens, then the prices will increase steeply. So keeping this in mind, I would advice you to purchase as many Bitcoins as possible. And right now, I can't make any predictions about Ethereum.
If the price of bitcoin is down because of scaling issue what about Ethereum and the rest of the other alt coins,all the markets are down,so what that means is that scaling is not the real issue and the market was on a bull run for a while and now people are booking their profits.Wait for some time to understand how the market is going and then take the decision to purchase the coins. Things have gotten more stable but it seems the crypto currencies as whole have lost more than 15 billion dollars with the latest dump which is a lot, the dump has affected altcoins a lot more than bitcoin for the simple reasons the altcoins were the ones that pumped the hardest in the previous six months, so this was a correction that was needed. |
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Well, i also want to be one of them. Well, I want to be rich because of bitcoin, and I guess there are some people who have become rich by using bitcoin. I hope I become one of them next year.
I Know a lot of people becomes rich because of bitcoin and sadly im not one of them but still i believe that bitcoin will help me to achieve my goals in life and makes me rich in the future, just need to hold and wait for my target price before i sold bitcoin. Many people in the forum did not became rich with bitcoin either and yet here we are since the chances we can make money with this new coin are incredibly high, whether we become rich due to it will depend entirely on the amount of money we are willing to put into bitcoin and the effort we are willing to undertake. |
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That down fall was over and we see another up trend again before another down fall again this week. I think crypto currencies market is trying to create a pattern and channel for future trading technical analysis. Without this crypto currencies has no future if the price keep on pumping up without a correlation.
Cryptocurrencies are not sentient beings that can decide what to do, humans are the ones that decide what to do and what not to do, also only those coins with enough volume are subject to technical analysis, coins with very low market cap don’t tend to follow technical analysis for the simple reason those coins can be subject of heavy manipulation by people holding a lot of coins. |
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Many who predict that bitcoin will not fall the next year
I can say that bitcoin price affect if usd falls. They are connected to each other, if usd falls many are really affected to it. I think bitcoin price will increase thoroughly as many people are investing nowadays in bitcoin. They are connected in the same way everything is connected, but the truth of the matter is that when the economy is doing badly we can expect bitcoin to do better for the simple reason many are going to begin to adopt bitcoin in order to escape the sinking ship that fiat is, we have seen this already in a minor scale in counties like Argentina and Venezuela. |
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The sudden fall is because of the news about Bitcoin splitting some are panicking for that is the reason they sell their coins. The news about splitting isn't clear yet for me because last time i heard though the pools are in favor of the split but the core developers of Bitcoin are not participating.
Yes some newbies have got panic and started selling their bitcoins as usual.Once again,a great chance for big whales to grab more btc before its price rises.Also,we could see bitcoin price recovering a little immediately after a fall.It is mainly due to the continuation of buy orders since bitcoin has users nowadays all over the world. At some point they need to learn the lesson that bitcoin is at its strongest when facing great pressure, right now is the moment to buy, you could wait a little bit to get a better price but the moment to buy is now, this is not the right moment to sell for the simple reason that segwit is going to be activated soon and with that the price will skyrocket. |
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It has been pointed out that iDice is a likely CERTAIN scam. Please consider before you invest. Just read the announcement thread for proof, which suspiciously enough, is locked now.
They removed pictures of their own developers from the crowdsale site after it was pointed out that they stole pictures from other accounts.
Also, they seemed to have started their ICO 5 days earlier than announced in an attempt to make as much money as possible before people find out.
A project that does not allow any kind of scrutiny and answer to questions is a project that you probably don’t want to become part of, since the chances it is a scam are very high, it would be nice if someone could present definite proof of it, but that behavior at least should be a red flag for anyone that wanted to invest in that ICO. |
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Which coins under $1, $0.1, $0.01 do you think that are undervalued?
Most of the time people look at the market cap instead of the price and there is a reason for that, the market cap indicates the amount of people that have put their money behind the coin, it does not matter if a coins has for price 0.1 dollars if the market cap is a billion dollars, that coin has very solid support from its community. |
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In terms of fiat my guess is $7500 for 2022!  But first they have to secure and improve their network. They say that the "Ethereum Machine" is much slower than a mobile phone, so I guess that will need to change first! Just imagine what will happen with thousands of smart contracts are being invoked on the network at the same time, who knows what will happen!? Nothing wrong with being positive and all of that, but that is simply too high, there is no way for Ethereum to reach that price, it will need to grow about 25 times its current price to get there and that is not going to happen, it is as simple as that, I think the rise in price is going to get slower now that is that high, similar to what happened to bitcoin. |
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People who are earning bitcoins in their spare time would be in good position to save their bitcoins for long term as they have fiat money which can take care of their expenses but those who are full time into bitcoins and it is the only source of income for them would find it very hard to save their bitcoins as they need money for their day to day expenses and in that case they need to sell their bitcoins often.
Certainly. That is why I make it a point that I will always have earnings with bitcoins because having relying on my day job salary will only be used for needs. I cannot save solely for that and bitcoin is a good way to have a savings. I just keep my bitcoin in my wallet and it is almost like saving. I keep myself away from things that will make me encash my bitcoin. If I will keep my bitcoin in my wallet I will be able to atleast make it grow. Bitcoin is even better than saving, when you save, you save in fiat that devalues every single minute of the day, bitcoin in the long term only does one thing, to go up, so by holding your bitcoin you are already investing in one of the financial projects with the most growth in the entire planet, it does not get better than that. |
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Nobody is ever sure when it will to happen but when it happens, its hard to react and dump or sell. Anything could be the cause now, with news coming out about more ransom ware expect it to go lower the star climbing back up by the weekend.
I have always thought that trying to time the market is a futile thing to do, no one can predict it with accuracy and those that do may in fact just being lucky, so I think when it comes to bitcoin, and any investment, it is better to try to play the long term instead that way you don’t have to worry that much when the price is tanking, you just need to hold and wait for the price to increase again. |
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This argument again? Bitcoin is just a currency. Criminality will always exist. Even if they ban bitcoin criminals just move to cash.
I don't think any government really blames bitcoin or any other payment method for criminality. This argument keeps popping up all the time, but it makes little sense.
Even if it does not make sense, it is on of the most popular arguments against bitcoin and one that you are going to hear more and more as people try to enter bitcoin while others try to discourage them, and this is one of the arguments they are going to use to try to get their way, it is sad but I think an important amount of people are going to stay out of bitcoin because of these false arguments. |
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All my friends know what bitcoin is. Some do business with bitcoin, some just heard what bitcoin is
Good for you. My classmates don't believe in the potential of cryptocurrencies, without even proper research they're just laughed and told me that it is a scam. Many people here is beginning to think what lies ahead and what business they will make before cryptocurrencies go to major cities and become the major cryptocurrency. Some are just silently working in the shadows because they don't let people know that they are earning a lot of money in cryptocurrencies. We have our own way, some people just ask to mock you, some are investigating and some are watching how it will turn out. My favorite is the one who put a shoulder on you and said let's do this shall we? Let them, we will see if it is a scam in the next 10 years and when that happens you can be sure they are going to lament that no one tell them about this new technology bitcoin, of course, they will conveniently forget the fact that you did everything in your power to try to convince them to join you in the way to achieve financial independence |
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Young people should be financially literate and should know the importance of money, saving or investing in bitcoin is one way to prepare for their future and to become more independent when income to money. Even youre young you can earn a lot thru bitcoin, i believe whether you are young or not you can earn thru bitcoin.
Young people like anyone can earn their way with bitcoin but one of the problems is that many young people spend their money as soon as they get it, I have seen young people blowing their monthly salaries in less than ten minutes by gambling, and I have no doubts there are probably more ways to do it but the amount of financial literacy on the young people is appalling. |
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Ahh, this argument again. Bitcoin is just a currency. Criminal organizations will always find a way to transfer value. If anything government should create a dark currency of their own to be able to follow criminal transactions.
I don't understand how this argument that criminals might use bitcoin is justified. Seriously look at cash.
You should only be concerned about investing this point.
The idea of a coin created by the governments to catch criminals could be novel but at the end it is not going to work, since someone that checks the source code will immediately recognize the attempt to tracks its users, and if they try to hide the code by not being open source and being closed source then no one is going to use the coin because they are going to mistrust it. |
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Excessive spending (i.e. running budget deficits) has never been a problem in the way you think. It may lead to severe inflation via exuberant and uncontrolled money printing but it can't lead to a crash in the sense you mean it.
Economic crashes don't affect elites and banks much. They're too big to fail and will likely be bailed out. Russians losing their pensions after the economic collapse of the USSR & rising death tolls caused as a result however are a good indication of how the crashes you say are "not a problem" can mean life or death for anyone who isn't filthy rich. Unless you're a millionaire/billionaire you don't get to say economic crashes aren't a problem. Crashes are a problem for anyone expect wealthy folks of conspiracy theories. Today's economy is hardly based on services and most services need demand to keep up their services fast and reliable. In a crash story services would have less costumer and would be forced to shrink. Not good services would make riches lives worst. The only positive side is that rich would be able to collect bargain assets for future enrichment, but it is not the case for the rich, which have their wealth on markets. A crash is bad for everyone including the rich, the only difference is the rich since they have an abundance of resources in the first place give the impression of not suffering because of it, but they lose wealth too, but they are protected by having different assets that helps them, gold, real estate, jewelry, businesses, the ones most affected by it are the middle class, since they are the ones that tend to lose everything. |
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I read an article where it was stated that: "To store most other altcoins you will need to download the wallets created specifically by their developers. If you’re collecting many altcoins this can be very time consuming and requires additional space on your computer to download all their blockchain data. You’ll also need to make sure these wallets are up to date in case there are major upgrades. " It is the last sentance I am a bit troubled about: "You’ll also need to make sure these wallets are up to date in case there are major upgrades. " If you don't do this and keep the wallet updated, can you end up losing your coins? The article was here: https://cryptohustle.com/bitcoin-and-cryptocurrencies-for-beginnersDepending on your needs, you can try several approaches to store many coins, one is to download individually the wallets of each coin but that takes time, another is to use a wallet like myetherwallet that stores many coins, another option is to use the wallet of an exchange to store all your coins, and finally you can use a wallet from a decentralized exchange and store your coins there. |
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Bitcoin and gold are the best investments in the modern world. You need to use both options to avoid losing money and making more profit.
well if you are thinking for a long term investment this two assets are the best to hold as the value will possible to keep rising and rising from time to time, there's some fluctuations and downfall but for sure the value will survive and its bring big fortune in returned. The gold is the asset that is acquired by the rich people from ages it has a history and it is a symbol of wealth. The bitcoin on the other hand is very much young compare to the gold but is considered as a digital asset and I am sure a time will come when the bitcoin will be a wealth symbol. Even though bitcoin is still younger compare to gold, it has more potential than gold because just look at its price then you can see a huge price pump in bitcoin while in gold it is just stable on its price and just getting a fewer gains rather than bitcoin which is not that satisfied for me. Bitcoin is more on a good asset to hold for long term while gold is just for rich to preserve their money. It is obvious that bitcoin holds a lot more potential than gold, gold has been mined for thousands of years and people have thought about all the possible things that we could do with it, so there is not much that can be done with gold that has not been tried already, bitcoin is different, its potential it is still unknown many other services are being developed above bitcoin and we do not know how much the value of bitcoin could go up due to that. |
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