a thing I find hard to do, with purchases using bitcoin you will most likely lose money, everything we buy with bitcoin is not worth the price in general, because the transaction process is more expensive.
I guess because right now the demand of bitcoin is much greater than supply so its services for trading also asks for a more reasonable price compared to regular currency trading. This is because of bitcoins potential, now it is not for a daily use but soon when the number of bitcoins reach its cap then I think that would be the time that it will be more applicable for daily usage. |
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Bitcoin is a good investment now, because...all the other traditional investment platforms aren't giving any serious returns to the investors. People can barely beat the inflation or make some wealth in the long term. This is where it's wise to invest into bitcoin and other rising altcoins which can give 10x to 20x returns and even more if things go well enough.
The crypto currency has very low to nil correlation to the assets compared to the traditional investments. Hence, investors can use them as a tool to hedge their portfolio.
Not to mention the great accessibility to bitcoins by aspiring new investors which everyone of us can easily participate in terms of trading bitcoins. With just an internet and a financial resource you can already start and open your own bitcoin investments unlike any other investment options that may prove rare and difficult. |
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Why do you want Bitcoin dying? There are several altcoins based on Bitcoin and Bitcoin is still here. There are several GNU/Linux based on Debian and Debian is still here rocking solid. And we are currently in a period quite volatile, I watched BCC it's just horrible lol. In the following weeks Bitcoin will show its true power and everyone will recognize it as the super power  i think there is no reason that bitcoin will die, i am sure that bitcoin will remain as number one currency for ever. in fact bitcoin is becoming stronger from time to time. True, its market charts throughout its history is a concrete evidence on how bitcoin steadily grows. If bitcoin is not meant to succeed then I don't think it would have been able to survive its early years as an online currency with an almost unknown identity and value. |
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Nowadays many people are starting to invest money on bitcoin or the buy bitcoin..is this a good approach?
to buy bitcoin with money? yes it is good as long as you are not investing all your life savings in bitcoin. just invest as much as you can afford to lose. and hold it in cold storage long term. How this will influence us in future?
who is "us"? True, there's no point on rushing and giving all your savings to an investments. Always leave a portion and allot a certain percent of your savings to investments in that way you don't risks all your savings and you have money ready whenever you have and emergency. |
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I heard that bitcoin is a good investment for making a huge profit in the future , is that right ? Because i want to buy some bitcoin in these days .
It is, if you are looking for some insights on how trustworthy bitcoin is as a form of investments then bitcointalk forum has it all. The value of bitcoin itself tells something that investors, small and big alike are willing to take risks because they know how high is the chance of earning a profit from their investments. |
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
They do not actually intend to hold their bitcoins in their wallet for a long time, most of the investors have a set goal price in the market that they are willing to wait for until they finally reach it it doesn't matter how long, if they reach it within a week I think most of them would sell it and call it a day. |
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What do you guys think it would happen if all the governments in the world declared bitcoin to be illegal?
How do you think the community would react? What could be the possible solutions?
People will always find a way to use bitcoin. It has been done before in some country and if the government are really serious about banning bitcoin then they would have go to all the trouble of making a much more regulated internet data monitoring or ban the internet itself if they want to stop bitcoin and its users. |
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Do you think friends, in which year Bitcoin will completely absorb all the finances of the planet's system?BTC
It would be very stable and accepted throughout the world in which it would represent the whole internet currency as a main medium of payment. By that time I think most of the services and retailers would also have adapted to cryptocurrencies by that time. |
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I believe that they're popular mainly because well it was the first of all cryptocurrencies to be made. Honestly most of the other coins are scams and greedy ways that the developers make money. The only other coin I can think of that isn't a scam are dogecoins! What do you think?
The number one reason I could think about is because of its very high value that almost everyone wants to get some of it. Aside from that bitcoin was the first cryptocurrency to establish credibility which I think is a very good strength when it comes to prospect investors. |
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why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
maybe because cryptocurrencies like bitcoins is not taxable and of unknown origin that is not part of their laws and economic plans. Bitcoin maybe easily perceived as a threat to some country but some government ignores it. The best country I've seen that accepts cryptocurrencies are mostly in southeast Asia, I don't see others countries reason to banned bitcoin but I guess that is how they do their things. |
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2020 millionaires all over the world All bitcoin investors would most likely be millionaires at that time if bitcoins value continues to rise and rise. It is inevitable due to bitcoins unstoppable rising fame, investors keeps on flocking in trying to hold as much bitcoins as possibe which leads to adaptation of more and more services and retailers. Everyone is trying to ride with bitcoins so I think its value will continue to rise as years goes by. |
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Not fair but I think it is reasonable. If you want a faster transaction, you shell out additional fees and lower fees for not so fast confirmations. I think it is not automatically setup but you have to select it manually in your wallet.I hope network improves so that it is convenient t0 send and receive transaction just like before.
I agree it almost totally goes with every kinds of services not just via bitcoin transactions. The higher the quality of the service the higher goes the fee also though there are some that offers smaller fee which are somewhat reliable too but I suggest you stick to higher transactions fees if you have coins to spare. |
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Bitcoin will continue go up in a roller-coaster way and will hit all time high in 2017. Bitcoin is in a long term upward phase and with more people using bitcoins and more services provided, it will have more demand.
I believe this would happen also before this year ends though I don't think bitcoin will stop from there. After reaching a really high mark this year, bitcoin would encounter some ups and downs but I am sure it will not stop from breaking its own record of highest market value we have ever seen before. |
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Yes, bitcoin does contribute to changes in people's lives. But this all makes me worry ; when the price becomes higher and people start to leave it.
Ever since it started bitcoin has given a new perspective to currencies and forever changed how we look at it. Bitcoin has given a lot of opportunities to a lot of people regardless of status and so as different companies and services. It changes the market and makes other currencies questionable. |
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I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.
The robot comparison is funny haha but I guess that is correct in some way because we are processing our transactions through internet like an computer, but still I prefer bitcoin in many ways compared to paper money though I wouldn't mind becoming a robot too haha. |
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I just always wonder if those billionaires still invest in btc. Do they even know btc exist?
I think they do, and if I were a billionaire I would have the credible financial advisers and they would honestly suggest to invest to bitcoins and maybe I would've been given a tip before bitcoins price goes up so high and since I have a lot of money to spare I wouldn't bother spending millions to bitcoins. |
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why dont you include the drawbacks of using bitcoins as well ? if you are explaining bitcoin to somebody then you should explain the whole thing and not only the advantages of using btc. btw, the points that you have listed are nothing new. by doing a quick search about bitcoin on google, anyone can get these points so no need to post those common points again and again. just my 2 cents!
I agree, you can even make those drawbacks your advantage to someone skeptic about bitcoins. Show how the risks is worthy compared to the earnings and a better chance of investment compared to other type of investments. |
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Probably we already will not see such sharp height of price on биткоин as in 2013. To become a millionaire very temptingly, but what then. I am afraid that in one day a price can fall down and all who was a millionaire will become poor. you present as it awfully. Better always to be in the middle.
Unless those who become millionaire through bitcoins would be able to invest other businesses and provides savings other than cryptocurrencies just for safety precautions. I my self planned to use my bitcoin earnings to establish additional passive income and acquire more investments if possible. |
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I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?
Yes they have, and it is okay with me because technically they would be bitcoin's predecessors. It's either bitcoin improves , adapts and increases in acceptability or other cryptocurrencies will take over the spot light in the future. |
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Different between bitcoin and real money in my opinion is we can know how much bitcoin in the world and there are not people who can make manipulation about it and we don't know how much real money who be printed.
I also think of this since we don't actually know the number of currency circulating throughout the world unlike bitcoin which has a specific number of coins and is capped. That is why real money is easily counterfeited compared to cryptocurrencies. |
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