It's not a secret Satoshi Nakamoto has more than 1 million of Bitcoins in his wallet, right?
If he suddenly wants to sell all his Bitcoins, could it cause a chaos in Bitcoin market making the price fall? Or is this amount too insignificant to cause any mess?
1 million coins is 1 out of every 16 coins in circulation so that is something that could destroy bitcoin if it was done incorrectly, personally I think that satoshi is never going to sell his coins, but if at some point he wants to do it, I think he will need to come out of hiding and say that he needs some of his coins and state the way in which he is going to do it to avoid panic among users. |
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Bitcoin is undervalued. It can jump to new heights easily with enough members investing in the cryptocurrency. However, we need to fix many issues such as the increase in transactions, huge mempools and large confirmation times. But once these are gone ... well, Bitcoin can then reach higher than the moon!
I don't think mining fees can be reduced to amount we use like before. Many corporates may acquire bitcoin mining and earn the mining fees from us. Confirmation time we can rid from that now also with paying the high fees or default fees on the online wallet. People always indicate the transaction fee to be an major issue, why this is happening I don't know, because when the price was around $500 everyone were paying lower transaction fee and getting faster confirmation. Right now the price has increased so an increase in the transaction fee should be accepted. Else how could the miners get profited, if we're providing with the same when the price was around $500. Everyone expects some good earning, so there's nothing wrong with it. The fees have increased in almost every way, first of all with a greater price of bitcoin then that means that the block reward got more valuable in terms of fiat, second, with a greater price then the miners get an even bigger profit with the transactions and finally since the space in each block is limited then the fees measured in bitcoin have gone up as well, the miners are obviously very happy about the way things are working at the moment for them. |
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I recently paid for some local tacos using Bitcoin. My friend who was unfamilar with Bitcoin thought it was strange, like I technically didn't pay for them or something. We got into discussing Bitcoin and one of the questions he asked me was:
"Why would you want Bitcoins instead of cash?". For a second I didn't know what to say; then I thought about it and here is what I came up with. Feel free to contribute to this.
1) More security (especially if you are careful).
2) Bitcoins are a potential investment, cash is not. Paper currency only really goes down in value, Bitcoins have a lot of potential to be worth more as time goes on.
3) Fast, worldwide transactions at your fingertips.
4) Similar to #3, but it's a universal currency. It's legal in most countries of the world and you don't need any kind of currency conversion to send money to people in a different country than your own.
With bitcoins,money could be sent all over the world with very low fee compared to other payment systems.Its an ever growing investment.Its safe and secure. Are you sure about that? Paypal charges $0.1 for small transactions while bitcoin requires users to pay more than $2 in order for transactions to be confirmed. Do you think that bitcoin fee is cheap? Do not say anything bullshit here if you do not know anything about it Bitcoin transaction fee for small amounts of money is definitely not cheap at all, but for those that live in the first world or that can send bigger transactions the fees may not seem that bad, but if we want a world adoption from the population of the world this problem with the fess needs to be resolved as soon as possible. |
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crypto millionaire? then for sure there are some specially on earlier years not only on bitcoin but also on other cryptos and if theres one who would speak here then its a good thing to know his past experiences and perspective on cryptoworld. being a millionaire is once in a life time case which do most people do wish of to happen on their lives but we should not forget there are past mistakes of traders which is the reason that not make them as a millionaire.
Seems like the only mistake they make is selling too early Holding indefinitely = millionaire? If you were an early adopter holding for a very long time could make you millionaire but the problem is that is not the strategy of most users, most users like the thrill of trading and trying to outsmart the market, if you are able then cool but for most people that is simply not possible and they deceive themselves thinking they will be able to do it. |
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Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap.
So, do you use low fees, or always want to get confirmation in a next few blocks?
It depends, there are things that need a fast confirmation because if you don’t get confirmed then you need to contact support and then tell them that it took longer than expected, since I prefer to avoid all that, most of the time I send a good enough fee, but when it does not matter if it takes a short amount of time or a long one then I send with a small fee. |
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I want to know where you can get bitcoin or altcoin every day
Ayao share, so others can know too?
It seems that you asking for something that does not exist, no one hands money for free, bitcoin is very valuable to be handed like it is nothing, if you want some then you are going to need to work for it, and if you are not willing to do it, then you are going to have to sit for a long time and wait for the charity of strangers. |
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Would you buy Bitcoin now with hard cash since the price or value increases daily, or you just going to earn it through mining, faucets, social media and signature campaigns?
The fastest way to get bitcoin is to buy it, and if you believe in bitcoin and that is going to keep attracting new investors and other people then the only thing to do is to put as much of your spare money in bitcoin, but at the end it does not matter, buy it, earn it, mine it, collect it, it does not matter just get it and get as much as you can. |
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By campaigning massively bitcoin through mass media, local media, newspapers, with the help of banners, posters, etc., I think that way we can encourage local businesses to accept bitcoin and maybe local businesses will grow if more people receive bitcoin as a means of payment.
You could do that but who is going to pay for all of that? Because I don’t think anyone in his right mind wants to spend that much money, also the most important is that business will adopt bitcoin on their own as client inquire about it, so it is not business owners we must try to convince but the average person if we convince them, businesses will follow. |
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Hi here ! So, the captitalization of BTC reached 40B $ , this is nice but not huge at all compared to FIAT currencies. My question is : with such a "low" amount of money, does the traders have real power over the Bitcoin price ? I always heared about the natural inflation, simply more demand etc... But don't you think that if a lot of early investors with huge amount of BTC could gather and have control over its price ? Or they are simply slave of the system like every one of us ? I'm waiting for your toughts  They are both, they are masters and slaves, they are masters because they hold so many coins that it is easy for them to manipulate the market especially if they collude with other whales, but they are also slaves because unless they were rich beforehand then that means they are rich in bitcoin and if the price crashes then they lose most of their net worth. |
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I cant still go all in sorry lol. I am not really a high risk taker person but i do save some so nothing to worry more. Not all the young people here uses bitcoin because they just wanted to but instead it was for a living
You don’t have to go all in but you could put an important amount of money in bitcoin, the more you wait the more difficult it becomes to go all in since the price will keep increasing and then we will wonder if the price is just too high at the moment, just some months ago people were wondering if buying bitcoin at 1000 was too expensive and now see the current price. |
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Since Bitcoin was ever released, I've thought of the possibility of this. Will crimes be easily funded now due to bitcoin and it's anonymity? How do you think the authorities will combat this? Will this lead to a decline in the price of bitcoin? I've had this on my mind for a while now and I would like to hear your guys opinions.
Your logic does not make a lot of sense, bitcoin is just a tool if the criminals decide to use it then that is their call but I do not think that is going to make the price go any lower, just look at all the illegal things in the world, are they cheap? Of course not, if bitcoin became banned I think that will only make the price going higher since getting bitcoin will become more difficult and that always raise the price. |
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The price was average around $1,000 around February. The momentum seems to be only picking up. The bubble has a long way to go. Who thinks we will see $3k? $5k??
There were definitely a lot of hype and buzz about the price level. I think it is completely legitimate because we have already recovered from the correciton and the price seems steady, but with no further major bull market runs after that recovery. I do think that we won't see anything under $2000 soon. $3k is entirely possible but in my opinion that's not the natural price at least in the short term. $5k? Probably not until the next halving imo. I think bitcoin can reach 5000 before the next halving, the rate of growth of bitcoin per year in the last year and in this year has been nothing but impressive and when we take into account we are only at the middle of the year and we are still to get some kind of solution to the scaling issue, I think if we are able to get segwit activated before the halving we will see the price double in just a few months. |
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Maybe an idea: Try to create an exchange with a similar look and feel like Polo and Trex (like a white background, tools etc). I don't like the dark colors, sorry.
I don’t think that is really that important, the most important thing is for the exchange to work as advertised and to be easy to use, after you got those two things then you can begin to tweak other things, I think if they could create themes, that will be great that way those that like the dark colors can keep them and those that prefer white colors could choose that theme. |
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Batk then people didn't even know about bitcoin let alone having to waste 3 seconds of their precious life for 5 worthless pieces of virtual crap that nobody uses anyways? No thanks. This is why you keep your minds open-minded. Don't focus on the old stuff. Look into the future. Sometimes you don't even need to invest anything to it, just a few seconds and you might be rich. Wish that faucet was still open. Lol Yes, but at the same time, there are lots of instances where a person obtained a good number of coins and then he just squandered those coins buying something completely useless, or they just lost those coins or the password and now they don’t have a way to get access to those coins, it must be incredibly painful for those people to know they had a fortune in their hands and that they let it go. |
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My reason still hold bitcoin and gold:
Gold: traditional and proven as best investment, all people like and accept gold, can sell anytime, anywhere and anyone.
Bitcoin: The best and profitable investment, for short time can make profit more than 100%, long term can make profit more than 500%
This strategy reminds me of the dice game. You can raise the bids, but at some point you have to lower and lose the minimum to wait to go a series of wins and can earn. Need to keep the gold and periodically to buy and sell bitcoins. Yes, you will not earn 100-500%, but you are guaranteed to get 10-30% and will always remain in the win. Most people don’t use gold as an investment they use gold as a store of value since fiat keeps devaluing, and they fear that a major devaluation may happen in the future, gold offers protection from that since gold has maintained in average its purchasing power for thousands of years and since gold has passed the test of time they choose gold over bitcoin. |
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We all know that Bitcoin was designed decentralized in order for a powerful entity would not be able to control Bitcoin as a whole. Thank Satoshi for that. However, since Bitcoin has become very hot in the eyes of the public as well as governments around the globe, is it possible that they, the government, will be able to regulate Bitcoin? Let us say that an international body or a union of governments across the globe decided to takeover all Bitcoin mining facilities especially the ones that functions in full node. If that happens, can we consider Bitcoin as centralized and it is now regulated by the government?
There are only two ways in which the governments may try to regulate a bitcoin, with laws or by trying to infiltrate bitcoin, if they choose to use laws then that will be an indirect way to try to control the network but by the nature of bitcoin that is bound to fail, if they try to infiltrate the network even if they are successful, then everyone will realize what is up, and we could jump to another coin, or someone else could just copy and paste the code and create another bitcoin. |
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Buy 5 Bitcoins and hold it for a year, maybe you will have 150% ROI by next year . but there is heavy risk involved in it as well
I doubt there are many people who can be patient to hold their bitcoin for 1 year, I think without waiting for 1 year though, bitcoin has benefited you in the short term I disagree, while many members of the forum talk about trading and the benefits and risk to be had, I doubt that many member trade as much, since buying and holding is an easier strategy, it is by belief that there are more users that follow that strategy than those that day trade, but I think the only way to know the answer to that will be to create a poll with that question. |
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Bitcoin is a Currency a Virtual Currency.
The biggest difference is that Bitcoin haves total supply of 21M and Dollars well Trump is in charge so the total supply * Trump = Infinite.
You can obtain Bitcoin more easy then USD. You can get it from Faucets if you want and if you spend enough time you can make some profit. When working for money in some countries you will work for less then 1 dollar an hour.
So yeah it is more for all levels of society in my opinion. You need PC, energy and internet and you are good to go.
If you don’t like Trump that is your right, but lets be direct, the supply of USD dollars has being limitless for a long time, in the past a dollar was backed by some quantity of gold but as time has passed the dollar was no longer linked to gold and now the US government can print as much as they want. |
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I think the are several things that bitcoin can do better than cash, one of the best in my opinion is that bitcoin protects you from the devaluation from your local currency, while that does not seem like it is very important if you live in a stable country, there are many countries where you need to think very carefully about where you save your money so you protect your purchase power.
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To be honest I don’t see how this project could change anything, it will need to be revolutionary if he wants to take a part of the market from mega.nz, unless he has something up his sleeve that no one has ever seen then I do not think this is going to be successful at all no matter how much he tries to promote this project, the only good thing for him is that he was right about his prediction about bitcoin.
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