Gold was already ancient, while bitcoin is not. But I will still go for the bitcoin rather than Gold, because of the volatility, and unique advantage
of bitcoin such as the features of it like security, decentralization, assets/investment and many more.
It does not matter if gold is an old system to try to keep inflation at check, the most important thing is that it works, however we know government have cheated that system for a very long time, this is not possible with bitcoin, since everyone will know if someone attempted to change the code to eliminate the 21 million bitcoins cap, and no one will allow it. |
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gold is not better then btc, coz u can't buy or sell gold like btc so for me btc holding better then gold.
Gold is way more stable then bitcoin, however holding gold alone is not smart, same applies for bitcoin, since it is volatile. The best thing is to diversify your assets and thus make it possible to profit from bitcoin's volatility and gold' stability. When a currency crash happens you are 'safe' Gold is not really an investment, gold is just a way to store the value of your money in the case everything fails and the currencies of the world enter into hyperinflation, bitcoin in the other hand is a technology that is always growing and when we finally we get segwit activated the price is going to go up very rapidly since that will be another sign that bitcoin is moving forward. |
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Payments sent: 66c99cfa2ae0b17ad5cae972bff390c2416489fdb0cb447ad9dcc0a6cd86293b
Got 3 open slots for members and 1 open slot for sr. member. Apply now.
I confirm payment as well. Is this the last week of the campaign? Because the crowdsale will end in a few days. |
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That analysis is of no value to anyone deciding whether to invest or not for the simple reason they seem to not have read the white paper to know there are two different coins NOVT and NVOS and that NVOS are the ones that have a fixed price and that NOVT value will be decided by the market. |
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What's stopping people from using both Bitcoin and cash depending on the circumstances? I for one would like to use whichever is the most optimal for the task at hand. Say you need to travel abroad and decide not to bring cash with you and there people on Localbitcoins will try to rip you off by offering crazy rates for your coins, couldn't it be better to use cash instead? Or you need to send money abroad but don't want to pay more fees via a bank transfer then you will send Bitcoins.
This, bitcoin is great but it is just another tool, in your example having flexibility is best, bring cash, a debit card, a bitcoin debit card and bitcoin and you are sure to not have problems when it comes to pay for products and services, there are many stories of people only bringing debit cards to their trips and then the card gets blocked by the bank and now they are in a foreign country without money. |
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There's generally two ways to look at the relationship between USD and btc. The first is that bitcoin has intrinsic value indpendent of USD, so if the USD falls, btc (while indpendently stable) will "appreciate" in value relative to the USD. An offshoot of this is that the failing dollar would send people piling into btc, which would push the price up. The opposite of this view is that it's excessive wealth created by the stable value of the USD that creates the wealth necessary to allow people to speculate on bitcoin, and if the world's most stable currency failed, people would flee the riskiest assets in a massive flight to safety, which would tank the bitcoin price.
Personally, I fall into this second group. The failure of the dollar would tank the world economy, bitcoin included, which is the king of speculative assets. People will flee speculative assets and pile into traditionally safe assets, which would include gold, silver, and probably the Euro and Yen as the remaining stable fiat currencies. However owners of Bitcoins include non traditional "investors". For example the mass of Chinese people owning Bitcoins don't really have the option to go back to anything safer. Anyone that has more money invested in bitcoin than in any other investment option is by definition a non traditional investor, personally I think that if the dollar falls then most of the currencies of the world will fall as well since they are pegged to the dollar, that means that people will need to find another way to make transactions and bitcoin will be there to fill the void. |
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I not think only know and buy Bitcoin in 2013-2015 is good way become to millionaire. I have some friends buy ETH in end 2016 with price 6$ and mining it, just hold it and today they has been become to millionaire and not need wait more time like Bitcoin =)). Some other friends not choose ETH, they choose other altcoin as NEM, Ripple, Stellar Lumen, Stratis, Digital Byte ... and became millionaire too
I hope they cashed out, but if they don’t then it think it is time, I do not think we are going to see this prices and big market caps for much longer, I do not see a big and good enough reason for the price to be that high at some point a major correction is going to come and when that happens it will not be pretty for any of us. Still hoping that correction will not be made this soon, many were working hard to be successful here in cryptocurrency not only in btc but in other alts but if ever time comes I hope all of us been able to save and cash it out. It depends the correction can benefit you since you will be able to buy all of those coins at very cheap prices instead of having to do it at the current prices which are very high at the moment, but you never know the correction may happen in a few months, years or maybe there will not be a correction and these are going the prices we are going to see before the next raise. |
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Do you guys think it will be going to moon all the time? This is normal. Just try to take a position while prices are decreasing and make short positions in exchanges.
Shorting is not really a good option at least to me, the market at the time is very unstable and I think it is going to be for quite some time, the best thing to do is try to take refuge in the most known coins, Bitcoin, Ethereum, Litecoin, and other coins, sell the coins that are not well known, you should have gotten your earnings already anyway. |
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I have been making an analysis about how people is getting real rich thanks to the increse of BTC and it is amazing to think that people are getting real rich, lets hope and this will continue so the people that holds very little BTC also gets rich.
This is the analisis I made:
On February 1st 2015 you will need 4,219 BTC to have 1 million USD, now that is worth: 10,125,600 usd
On Febraury 1st 2016 you will need 2,681 BTC to have 1 million USD, now that is worth: 6,434,400 usd
On February 1st 2017 you will need 992 BTC to have 1 million USD, now that is worth: 2,380,800 usd
Today you need 404 BTC to have 1 million USD ( the person who has now 404 BTC it is millionaire, and in Feb 2015 just had with the same 404 BTC 95,757 USD
That is amazing.
I wonder what are the new rich people doing right know? have they realised that they are rich yet.
Most of the people that have gotten rich from bitcoin are probably the ones that got in very early like early 2013 or before. The rest of us are trying to catch up. I think rich people are now richer because of bitcoin they able to buy whole bitcoin as an investment but for those people who have no money to invest are now still working hard to get more bitcoin and dreaming to be rich like others here. No one expect that this digital currency will be a way to be rich us. It is Gods will. Actually those involved in bitcoin when it was introduced are rich now, although keeping bitcoin in those days is not justifiable because it 50:50 chance nobody had expected the price to rise to this present level what if the price reduces then? This is just risk taking and at the end it's taking and it's had paid off making many millionaires. Another reason why those involved in bitcoin back in the day may not be rich now is simply because they lost their coins, by forgetting their passwords or because their hard drive crashed or because they lost the storage device where they had their bitcoins, that will be a very painful thing at least those that spent their bitcoin got something in return from it. |
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IMO, it's time to buy since I'm heard that after Russia follow Japanese's track, the bubble will happen like before
It's reasonable since there will be a lot of demand and bitcoin value will increase since it's adjusting supply and demand !
Is it the demand for bitcoin as big in Russia as it is in Japan? Because I have my doubts about it, if you are right then we will see the price skyrocket again but I think there is going to be a slowing effect for the UASF that is coming, so I think we may see the price move around the same range for quite some time before investors get confident on bitcoin once again. |
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In fact, Japan and South korea have already authorized and legalized transactions with bitcoin, I believe Japan and South korea have conducted lengthy study and perhaps debate before officially legalize bitcoin, this will be follow by other countries so that the future of the bitcoin bright.
I’m not so sure about that, in my opinion the recent acceptance from Japan of bitcoin comes mostly from a weak economy, the Japanese have tried everything they can to try to revive their economy and all their attempts have failed, so this seems to me as an attempt to try to bring some of the money moving in crypto to their country and if bitcoin is destined to be as big as we think then the Japanese are hoping to take advantage of it. |
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I've just had my dad come into my room and asked me about investing into bitcoin.  He's planing on buying 0.5btc next month so he was interested in how and what to do. Felt pretty good about him actually considering to buy some bitcoins. Now you have reached a milestone, the moment when you no longer receive advice when it comes to your life from your parents but now you are the one giving advice, enjoy it, now that you have reached it, I have not reach that point yet and I hope that soon I will when my family at some point in the future ask me about bitcoin. |
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Traders have a good place in influencing the ups and downs of a certain cryptocurrency. Traders are bringing in the demand as well as the supply in the whole trading system. Although I would say that it is the general demand and supply of the coin that makes the great impact for its price.
Traders can be liken to agents bringing in the juice or the fuel needed for cryptocurrency to get into the roller coaster ride experience. I am just a new trader in Bittrex but am starting to see the whole picture.
Basically this, traders bring liquidity to a market that is full of people not doing anything with their coins, just think of satoshi approximately he has 1 million coins that is about 6.5% of the whole supply and those coins are not moving at all and we have no reason to think those coins are ever going to move at all, traders help this situation by being willing to buy and sell bitcoins. |
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I want to create an ICO that would fund a 3rd party run for the 2018 senate. Where do I start? I need a developer, can someone who is interested and knows how to create a basic token please PM me? Thanks
Why do you need to create an ICO for that? Wouldn’t be better to just try to raise money by donations or something? Also do you mean supporting a candidate that is running for an already established 3rd party or to create a party on your own, because that sounds like something that not only will require money but a grassroots effort that is not possible to do on the internet. |
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Not necessarily all young people should.go to bitcoin in an urgent ways just to learn bitcoin, and I thinks it's not an exact process of letting them learn how bitcoin works. In order to let them appreciate the goodness of bitcoin as well as the advantages it have, just let them learn the importance of money. Without that motivations to be teach by young people, there's no serious emotional attachment from the youth to bitcoin system adoption. It's really needed in order to ensure young people will not be lazy in times that they will be a bitcoi user, and they all task that will earn bitcoin digital currency.
Well they don't really have to go all in. I agree that young people should first learn how to value their money and how to spend a bit wisely. They first would have to learn how to be responsible when it comes to financial concerns then they can decide whether they would be interested in btc matters. This is one of the problems with young people, they feel that since they are young they can waste their money since they have a lot of time to think about their retirement but if they do not take their retirement seriously from the beginning they may get used to live a life they cannot really afford and by doing that they could get into debt that could be very difficult to repay in the future. |
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Crime can be funded with anything: from cash,gold,silver to bitcoin. So all these methods can be hardly traced,not only bitcoin. I don't see any major reason why bitcoin price would decrease if it is used in crimes. Most surely us dollars are used in crimes daily and the price doesn't fall right?  You are right, There is no sense when we said that bitcoin price would decrease because if it is used in crimes. Because peoples can use dollars or any real or digital currency for this things. Maybe bitcoin is most used for crimes, because it's more secure and anonymous. It used in darknet too. So killers would sure want to use it than other any currencies. It is very difficult to know the amount of money some criminals move in bitcoin, but I suppose that back in the day when bitcoin was just starting the percentage of most of the trading taking place was mostly illegal transactions but as bitcoin has become known for more people then the percentage of these transactions has diminished because there is more people doing legal trades in bitcoin. |
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Dude you are crying over $8? I have paid more than 8$ for a 10$ transaction that is actually ridiculous because I need that money real fast, So, I put that high fee. We hope that miners stop doing that shit and start accepting transactions with a low fee.
If for you that is not a lot of money cool, but for a lot of people 8 dollars is a lot of money, especially if you live in a third world country, 8 dollars can be as much as a few days of payment to some, and lets be honest, even if you can pay such transactions, who does not like to get the same service for a cheaper fee, so to me it makes sense the op is not happy about the situation. |
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I don't believe on it. Since much time ago experts say things about market crashes, that world economy will colapse... But the true is there is always solution and ways to avoid big crashes, that is why there are economists in the governments.
But no doubt bitcoin is a good investment to put savings, I just don't think to put all the money you have in bitcoins is a good idea.
Everything ends, no exceptions, that is the rule, to think the economic markets can go on forever is a mistake many do because they do not look at things from an historical perspective, just look at all the empires that fell, and with them their economies fell to, remember just because the economy of your country fails and sinks, it does not mean you need to sink with it as well. |
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OK, so now when a newbie looks at 1 BTC says: " I will never be able to own that! Too expensive!" - yes because people are willing to have 1 coin but how about if we make people understand that even owning 0.01 BTC can bring good wealth to their lives in the near future... I mean yeah it's great to own 1 BTC or more but that doesn't mean it's not great owning 0.1 BTC right?
The value of a single bitcoin is still not that high in my opinion, also we are going to get in an unstable time in bitcoin and that may be enough to bring the price down in bitcoin and with that some new users will be able to buy bitcoin cheap once again, so don’t renounce to the idea of owning 1 BTC or 10 or 100BTC if you do I will assure you, you will never make them. |
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Do you mean in this forum or in general? Because no matter the group you are referring it is impossible to know the exact number, but if you mean in general I think the holdings of gold will be many times over the holdings of bitcoin, but in this forum I suppose the holdings of bitcoin are going to be bigger than the holdings of gold.
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