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2381  Bitcoin / Bitcoin Discussion / Re: Do you think the transaction fee will kill bitcoin? on: March 11, 2017, 07:01:42 AM
Of course getting ahead of course you have to use a large fee to gain speed in the transaction in bitcoin but bitcoin is famous for a low fee? what if the fee bitcoin be great of course everyone will be disappointed
2382  Bitcoin / Bitcoin Discussion / Re: Difference between Bitcoin and real money? on: March 10, 2017, 02:11:54 AM
the most contrasted the real money with bitcoin is price movement. bitcoin prices now moving up and down very quickly.
while the real money prices has not changed much.
I think compared to the currency of any country that has a rate that has not changed much or stable. bitcoin is more volatile and has a very high price. I do not know why bitcoin have very volatile prices
2383  Bitcoin / Bitcoin Discussion / Re: BITCOIN IS BETTER THAN WESTERN UNION ? on: March 10, 2017, 01:51:02 AM
BTC is way better than Western Union because of low fees. It's possible to send much lower amounts without fees
and you do not have to go anywhere to send money you only need gadgets and internet then you can send money anywhere in the world. This is far more sophisticated than WU
2384  Economy / Speculation / Re: I will not Die Untill Bitcoin will reach at Least 50K on: March 10, 2017, 01:16:16 AM
I think do not impose it dude
because in 100 years the price will not be more than $ 10k. even many people still have doubts about the future of bitcoin see bitcoin is not legalized by the government
2385  Economy / Economics / Re: Which one is good, trading or investing? on: March 10, 2017, 01:12:01 AM
for me more better investment because the investment is long-term benefits I mean that I did not have much free time because of work and investment is thought to guarantee my future life

That is especially true for the bitcoin. It has risen a lot in the past 8 years.
I really think it is better if you select them according to nature if you do not have time leftover. it would be better if you choose an investment because it will not take much time jobs
2386  Economy / Economics / Re: Is it profitable to run a Bitcoin faucet in 2017 on: March 10, 2017, 01:09:11 AM
i do not think that earning bitcoin from faucet is such a good idea of making money, because from there you cannot make such a good amount of bitcoin it is just the wastage of time.

Getting money from the faucets requires a lot of time and effort. Sometimes you have to fill in the captcha, and you need to visit the webpages. I made some calculations in 2015. According to it, the average pay from faucets is around $0.10 per hour.

I think the question is a benefit from to make faucet site itself and earn revenue from ads that you put on your site? I think it would be beneficial, there are still many faucet sites that is still running
2387  Economy / Games and rounds / Re: DirectBet Ice Hockey Prediction Game *** Win Free Bets ! *** Free to Enter ! on: March 10, 2017, 12:34:26 AM
Washington Capitals 4 @ 2 San Jose Sharks
2388  Economy / Economics / Re: The future of the paper money on: March 09, 2017, 04:43:19 AM
Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?


As we all know that paper money was made by the government of each nations. So the future of this was depend on the decision of the government officials of how or what they are going to do with the with the paper money. If ever there is a private key, security, all of it are centralized, which means there's nothing we can hide to them.
I think the government has set the answer by using digital money. you can see every bank around the world began competing in issuing credit cards with various offer. its sign dude
2389  Economy / Economics / Re: Can we Manipulate Bitcoin price? on: March 09, 2017, 04:38:48 AM
yes of course, if you have a big stock of bitcoin. you can do that. Individuals in this site have different purposes and risks and target, so it wont work.
not only has many bitcoin but at least you have to have thousands of bitcoin and have more capital reserves if manipulation did not work because even if you have a large capital even though it does not guarantee it will succeed
2390  Bitcoin / Bitcoin Discussion / Re: Why Bitcoins is now same as paypal(and worst) on: March 08, 2017, 12:26:02 PM
I don't know how you can to compare PayPal and bitcoin. They are two different things. Only just internet payment program and other is currency. But if to talk about slowly transactions I also noticed that it became much slower than before. I can't say that it's annoy me a lot, cause banks transactions are providing during 3 days, so to wait some hours with bitcoin transactions is ok to me.
I think it's a problem paypal transaction speed and bitcoin is arguably faster than bank wire. there is an option if you're using a large fee of course the speed of transactions will increase
2391  Economy / Economics / Re: Spending Bitcoins on: March 08, 2017, 12:19:37 PM
I am not spending them unless if there is urgent need of hard cash and if that situation arises then I sell few bitcoins and convert it to my local currency but most of them I am saving for future as price will go very much higher in future which will give me higher profits.
Lol I think there are many people who do that, by converting their bitcoin first to fiat and then do the spending
I think the question here is pure spending with bitcoin
2392  Economy / Economics / Re: Bitcoin or gold? on: March 08, 2017, 12:07:33 PM
Gold will never depreciate, and bitcoin is still in doubt. I would split my investment in half.
true even though many people consider bitcoin future will be bright but here the government has not legalized bitcoin so bitcoin status still hanging still in doubt because legalization is very important for the future of bitcoin #imo
2393  Economy / Economics / Re: Bitcoin is no longer a currency on: March 08, 2017, 12:01:19 PM
Bitcoin was not an ordinary currency online. It is actually an extraordinary virtual currency, I've ever seen in my entire life honestly speaking. I cannot say that bitcoin is not a currency, How can we say its not a currency if we can use it as commodity into our daily expenses, or use it as sending money to our loved ones, also even in electric bill, water bill, telephone bill, is this a type of of no longer a currency? It is alternative currency which is bitcoin in online world of payment.
although bitcoin is a commodity and created for the purpose as an investment but the passage of time. bitcoin has many advantages so that the current can be used as currency or payment options
2394  Bitcoin / Bitcoin Discussion / Re: Is CHINA CONTROLLING Bitcoin? on: March 07, 2017, 08:48:54 AM
China is the biggest bitcoin mining in the world for right now, and the largest factors to infect about the price is China. If the exchanger market from China down, the price is also down. So I believe that China can controlling bitcoin price and stock.

Yes true, china strongly influenced the bitcoin. When the Chinese new year, many of user sell bitcoin so the price drop from $1.160 to $800. And after the new year, they bought bitcoin again so the prices look stable and continues to rise.
but i do not think that they can influence the price of bitcoin any more. because bitcoin is now available everywhere and the uses of bitcoin are also increasing continuously therefore i do not think that bitcoin can be manipulate any more.
bitcoin users are distributed throughout the world so bitcoin users not only in China alone. so I think bitcoin users of china will not really give a great effect on the price of bitcoin
2395  Economy / Economics / Re: If you were in desperate need for money.... on: March 07, 2017, 08:26:25 AM
If I am in desperate need of money then I will borrow money from my friends or family and if don't get any help from then would prefer to sell some of my goods in order to get money fast and I have a full day job so I can even ask from my colleagues as they will surely trust me and can pay them back when I receive my salary at the end of the month.
in contrast to my principles. I do not want to pester people around me so I will give priority to sell my valuable items first, borrowing is the last option for me Cool
2396  Economy / Economics / Re: Bitcoin is no longer a currency on: March 07, 2017, 08:23:15 AM
It seems to me that bitcoin is an attempt to create currency to earnings and calculations on the Internet. Old people never see because they are far from the Internet. And the youth will support it only when the Internet will exist enough jobs with high enough wages in bitcoin. While it is not.
and young people will grow old. then the next generation will continue. forever is the currency bitcoin. because bitcoin is created for it, as a cryptocurrency and can be used to buy a like currency
2397  Bitcoin / Bitcoin Discussion / Re: If no one spends bitcoin what might happen? on: March 05, 2017, 12:30:47 PM
Do you mean that people holds? Then i think bitcoin would be useless.However that is merely impossinle that there woild be no bitcoin user who is going to use it.
I think it is an impossible thing everyone will hold their bitcoin in the same time. likely 1: 10 million
demand and supply will always happen even if it was just a little volume
2398  Economy / Speculation / Re: What will happen when 1 satoshi is $ 1? on: March 05, 2017, 12:29:49 PM
Yes the day is not too far away because the price is up soaring like rocket. And its already like gold a digital gold. And I think we will use satoshi as the unit of bitcoin.
although the price of bitcoin toward the moon though it would be impossible for bitcoin to have a very high price to 1 satoshi worth 1 dollar. it is impossible dude
2399  Economy / Economics / Re: Is it better to save money or invest it? on: March 05, 2017, 12:24:16 PM
To answer your question, I will tell you something that good to try.
Last year, my friend tell me he buy 3 btc when the price is worth $700. He said he just want to save his money in another place, not bank. So bitcoin is one of any choice to save money. But what happen now with the price? Now, bitcoin worth to $1200+ and his money is grow. It is same like investing money in the stock.
This is a very nice and colorful example of what is worth buying bitcoin, thereby investing in their future well-being. Only one question oppresses me all the time, how long bitcoin will rise in price? I would not like to lose. While I understand that investing is always a risk.
it was because at that time the price is still relatively small but this time the price is already very high certainly everyone will think buy many bitcoin at current prices including a very risky practice?

I think buying some bitcoins with a small number of fiat is not risky.
I think it's risky or not depends on to be willing to be patient or not if you do not want to be patient when investing in bitcoin. it invests in bitcoin will become a scourge for you because the price is very likely to go down.
2400  Economy / Economics / Re: Investing Bitcoins? on: March 05, 2017, 12:18:49 PM
Doing any investments with bitcoins is doubly risky - additional factor is dynamic BTC/USD price, that can create extra profit or extra loss. In fact, any BTC deal or even holding coins is related to that.
However, increasing Bitcoin amount by doing investment can neutralize that effect (or boost wallet value when price goes up). My conclusions are following:
- Holding coins is not risk-free (can be considered as a kind of investment)
- Volatility of bitcoin leverages potential risks/chances for profit: successfull investment can minimize loss of value when markets go down but it can also make you lost more than expected
 
of course hold bitcoin does not mean going to avoid the risk because the price fluctuations could have made you lose.
but at least it will avoid you on the investment scam
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