I agree only with the fact that bitcoin is the strongest cryptocurrency...it can't be the strongest currency until it will recognized by the whole world
Who the fuck uses bitcoin as a currency? It will never be the strongest nor a currency. Bitcoin is used as an asset right now and likely to be this way forever. Too many problems as a currency that will not be solved. Other coins are just better in that aspect. Keep bitcoin as an asset. In the past, Bitcoin was used as a currency, but to be honest, I agree your idea. There are very little of people want to spend Bitcoin as a payment method or currency. No ne wants to waste Bitcoin nonsense. Why do I need to spend my Bitcoin while I have many payment method better? |
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banknotes including fiat money managed by the government. if in appeal to cripto money very much different, because fiat money will get many rules from the government such as taxes. while crypto money will not be affected by the government.
Not all the people think like this several courtiers are even thinking to make bitcoin as the legal and regular money of their country. For me whenever I go to some markets I mostly saw a board written as bitcoin payment service is available. So it is not a big deal to have bitcoin now a lot of countries are going to make it legal. Bitcoin demand is now very high and people are using it as legal currency so future of paper money it in danger zone. Many people complain about the use Bitcoin. But when they know the real benefits of Bitcoin they become fan of it. The Bitcoin is the only crypto currency which got the level of popularity. That’s all because of its unique qualities. Bitcoin has many advantages over the paper money. There is no any fear of theft of Bitcoin as compare to paper money. We need to help of banks to save our money. As far as I know, if we do not protect our Bitcoin wallet careful, the hacker still have chance to rob our Bitcoin anytime. Remember, the Bitcoin community had many cases about hacker stealing Bitcoin through virus or fake sites. Example recently, myetherwallet or poloniex exchange are the subjects of hacker to create fake sites. |
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As the age of cryptocurrency comes into full force, it will facilitate a subversively viable taxation avoidance strategy for many of the technically savvy users of peer-to-peer payment systems. In doing so, cryptocurrency use will act to erode the tax revenue base of national jurisdictions, and ultimately, reposition taxation as a voluntary, pay-for-performance function. In this post, I cover some of the benefits such a strategy will have for cryptocurrency investors, why our notion of taxation is ripe for disruption, and why cryptocurrency taxation is enabled by default. Read The Full ArticleAs you said there just a "tax avoidance" made by using cryptocurrency. Yes, as of now it's very easy not to report income derive cryptos due to anonymity of transactions and tax bureau would hard hard time of tracking each transaction but I don't think it could kill income tax. It's much possible that government can make another law/bill with regards to reporting of crypto income and paying tax due. The government can tax the cryptocurrency user through exchange sites. Do you see Poloniex, Bittrex, Bitfinex or other large exchanges need user verify KYC? That is the method to help the government know the total capital of every user and tax crypto user through profits and that amount. |
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The original design was to use bitcoin as a currency but as well know it has now turned to a profitable investment/asset. Right now I’m using bitcoin as an asset due to its currenct surge of price, I think its just practical to hold until the price stabilize.
Bitcoin are both asset and currency because nowadays some community of bitcoin is used it as currency like buying stuff or or paying bills and some of them used it as asset like those who have a lot collect bitcoin they put it in investment to make profit in right time or some of them hold it for a long period of time. Actually Bitcoin was the best cryptocurrency for payment in the ecosystem of cryptocurrency world. But for now, Bitcoin can not become a currency with current value and its system. High fee and need much times to confirm transaction are the disvantages of Bitcoin made it become worse than altcoins for payment as Ripple ... |
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Ok guys. It's time to inform porn industry that we want to pay in Bitcoins. You have any ideas on how to do it? Bitcoin is perfect payment method for p0rn - anonymous and very fast. And they don't care about fluctiation because they profit anyway. If some major sites will start accepting bitcoins, there will be huge demand for Bitcoins  What do you think? Quite a few adult content platforms accept Bitcoin and cryptocurrency payments, for obvious reasons. We have taken a look at some of the top platforms accepting Bitcoin to date, which can be found below. Do keep in mind there are a lot more adult content companies who accept Bitcoin, though. If I am not wrong, Pornhub (one of porn sites largest) still does not use Bitcoin to pay account premium. You can check again pornhub account premium register page, this website does not support Bitcoin for payment. Only Visa is the payment method they accepted.  |
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I think the most risk of holding Bitcoin is its legalization. If all countries around the world ban it, the price can fall down quickly and you will lose your money.
I think the beg risk of holding bitcoin is to become fallen the value of bitcoin the people investing and keeping bitcoin will be worried it but if i encounter that i will keep and waiting to rise again the value of bitcoin and i sell my bitcoin.and if the internet will gone it also become a risky for people because the bitcoin also will gone because no one no what happen the bitcoin if the internet will gone. So funny? Why do you scare the value of Bitcoin? Although in the past, I also thought that one day without internet, Bitcoin would become useless but it is not the worst situation I must to worry, because there are still many problems when we do not have internet. |
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Actually many countries promotes and use bitcoin in some commercial trasaction all over the world. Some counties are not accepting bitcoin not just because they think it will bring conflicts from them or it is illegal;
the main reason why some countries not accept it is they are not yet capable off to accepting this kind of innovation in their country.
Not sure, most of the countries are fearing the growth of Bitcoin will make the economy of their country be unstable. Look at the price of currency on forex market and the price of stock on stock market, both are limited the volatility by the community and the government can affect or even control this volatility. But with crypto, they can not do that. |
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is bitcoin more popular than US Dollar ?
Bitcoin is the mainstream now but of course, they are different in each other in so many ways. They have their own disadvantages and advantages making them different from each other. I think, USD is still popular than BTC since majority is still using USD as l the medium of paying products or services as of today. USD is indeed more popular than bitcoin because as you can see that the USD is already being used by all over the world ever since then while bitcoin is just starting to be on the mainstream because it is still not in the good stage because a lot of the people and the governments are still doubting and scared of the bitcoin as a new type of currency. That is the truth, I am also doubting the price of Bitcoin in this year. Why does the price of Bitcoin increase too much like that? Why do some people can be the rich without hard work and just hold Bitcoin? It always makes me doubt my profits and the crypto community. Is cryptocurrency the next dot com bubble? |
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I will say yes it will, we are moving forward, our technologies are evolving maybe in near future our present currencies paper and coin will take over by cryptocurrency. I think its part of evolution system at past people only uses trading goods then they used paper money and coins for much easier transaction same as today. Someday cryptocurrency will be the official currency all over the world as long as there is internet this currency will keep moving. It has huge potential because a lot of people used technology, for example, their phone they used it to pay their bills and I think its very comfortable to use.
We definitely have to agree as In future there will be no paper money. The digital currency replaced all paper money. In paper money there is use of paper which gains extra cost. The money has low level of security. There is always involvement of third party which is not so good. The crypto currency is independent by its nature. No other party or person involve in the transaction. That is true if you create a transaction without the third person or service as escrow in cryptocurrency, but if you do that, you are take high risk for transaction with stranger. And beside that, you are still need to using exchanger to sell your crypto to FIAT, it means you need to trusted the exchanger. |
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Even experts in trading can't always guarantee a consistent winning trade even they use a lot chart reading methods so it's still a speculation and the only certain chance that it will skyrocket is if a news or a progress benefiting the coin comes out.
Yeah news and development has a very big role for a coin to grow that is why traders do not rely in technical analysis but also in fundamental but its not all the time that their prediction will be hit. So they have to their analysis again if ever the coin will go in another way. That's why we need to be always aware of what is happening, that would make us make a good decision at the right time. Making money is all we need so we need to work hard for it and be smart all the time, this is a big gambling when you choose trading, you need to know the risk. So in addition to the three things the OP says is method, money, mind and we also need information, now I think many traders rely more on news about coin development than reading chart. Chart price, technical analysic all created from the mentality and the trader community. The news can affect the mentalitity of trader, as long as the trader can not keep their emotion, the price will change too. Technical analysic is just a tool and it needs to gets accept, the faith of traders to be true. |
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I think at the moment BTC really helps people and expands their opportunities and freedom..
But as soon as the crypto currency will get global distribution, there will be a question about control !!! I think they can start implant a chi ppeople and this will be electronic slavery ... ( Haha, we are living in the digital world but I do not think the government will need to spend much money to manage and control Bitcoin as implant peripherals to monitor our activity. It make our life become like a prison and they are holding back all our privacy. |
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I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??
Either of the two so it simply depends on the situation of a user. If it is legal to that country, users on that place would be able to use it as a currrncy and as an asset. But for those who are living in countries where it is not yet legal, it will only be an asset where they can make profit through storing Bitcoin for a long period of time in their wallet. According to my knowledge, I do not know there are not have much countries do not accept Bitcoin for trading or investment. Just for payment, Bitcoin got banned in almost countries, except Japan. Those who are living in countries banned Bitcoin for payment can still use Bitcoin for trading, investing and make money. |
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For 1 Bitcoin to be worth $1,000,000, the total market cap of Bitcoin would have to be $21 trillion dollars. What are the odds of this happening?
For reference, the amount of physical $dollars and coins in circulation are around $1.2 trillion. The global M2 money supply of all currencies are around $45 trillion. The market cap of all mined gold is around $7 trillion.
Will 1 Bitcoin be worth a million dollars? Half a million? Thoughts?
Yes it could happen, if it becomes huge and used worldwide in trading and financial businesses, for interest towards bitcoin I am very sure this is going to happen very soon. Bitcoin is always thought as million dollar dream by many of the crypto users in the community Yes, everything can be happen, the current price of Bitcoin proved the world always has surprise. It made many people regret and wish to back the past (included me haha). However, 1 Million Dollar is not a small amount. We should to imagine the reason can make the price of Bitcoin increase to this value, maybe, it is related the world's economy. |
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money is better than bitcoin because money is easy to use and also money does not need internet, and cash is used in everyday use to transact buying and selling. both have their respective advantages and disadvantages
Cash is legit and valid and legal everywhere around the world. Nobody would look at you skeptically when you spend cash. If you spend bitcoin, they look at you like a money launder person. This is the image difference between cash and bitcoin. Why? I do not know the different between Bitcoin and Cash in spending. I have many money, but it is not in FIAT, it in Bitcoin and I want to exchange it to FIAT for spending. As long as I can prove that amount is really from my work hard as mining, earning or investing, I do not care anything. |
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Both gold and bitcoin are valuable . They are also a good asset. But the difference of the two is that gold is a tangible thing which are visible and has form. When it comes to its market value it grows slowly compared to bitcoin which rapidly rise up like a rocket, Bitcoins has no forms and exist only in computers and represents in a form of numbers.
People tend to hold gold and bitcoins because its value rises as the time goes by.
If you want to create a calculation for Gold and Bitcoin, Gold look like as an investment than Bitcoin, in my opinion. The Bitcoin price and the growth of Bitcoin from 2009 until today made me consider again. Is it really good or just controlled by the rich? I do not know that, but my mind always remind me Bitcoin is risky than Gold for investment. |
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What is the safest way to keep bitcoins.
Taken dangers like hacking, losing in to account!
As in my opinion, if you are investing in bigger amount, it's better to have hardware wallets. But then again you should keep it in a secure way. For example I saw an article saying one guy lost 17,000 BTC with his wallet (not sure scam or not). Thing is, no matter hardware wallet or software wallet, there's a risk always. About the rumor as someone lost more than 10,000 BTC is really, but you have to know those people stored Bitcoin in hard drive and did not backup it after changed computer. Hardware wallet are also a digital technology, it created by us and someday, it can be broken, that is the reason you should have more ways to keep safe your private key instead of research the way to save your Bitcoin. |
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The economy in Asia country depends on the community of people living in it. Because almost all of the country in Asia are democratic, if the people they are voting to rule the country is corrupt then that would lead the country into demise and the economy will surely fail. I do not know about a lot in our economy but most of our countrymen are very supportive in their own part and i guess thats one step to our growing economy.
The economy in my country is not really up to the standard I will perfect. One thing I really, really don’t like is the fact that youths will spend years in school, only to come out and find out that there is no job for them. Most of them are just ending in places where they don’t really belong. When there are situations like this, people seek to do whatever it takes for them to earn money, even if it’s getting into robbery. Oh, your country also have same situation as my country. In my country, most of the students after graduating from university can not find the job to working as their knowledge learned in school. Because those jobs all need to pay "some money" as bribe for smooth at first.  |
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well, it would be very beneficial for those who hold large amounts of bitcoin, because bitcoin prices are above $ 8000. well, I did not think that this year really made the bitcoin price increase. I think the price will increase with the same potential next year.
Indeed, especially on those investor that put their money at early time because for sure they will earn a high profit. I remember that day when I entered this community, bitcoin price is only just $730 compared to as it now. So if you tend to invest that time then for sure you were happy and you couln't think of what you have earn. Correct and if someone is to follow this pattern then is always good to invest in bitcoin no matter the price. For past time what is done is done who invested then made profit now, it would be good to invest even now but this high price is little to high for some regular user to start investing, while for big players there is no big price only profit. The growth of Bitcoin is good for those who bought it at low price, but for the new investor and someone want to buy more for long term, I think it is bad choice. The price of Bitcoin has reached a high price, it is higher than other prediction and target for Bitcoin price in this year. In my opinion, we should wait the price of Bitcoin decrease to correction its value before invest more. |
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both of them is difference, but to make it easier to understand, when you investing, you trust your money to someone and you don't need and can't do anything with your money until certain period, when you trading, you used your skill and knowledge to generate profit and you need to some work in trading, you need to pay attention to the chart and keep the updated news everyday
so when investing you depend on somebody else when trading you depend on yourself
The goal of investing is to gradually build wealth over an extended period of time through the buying and holding of a portfolio of stocks, baskets of stocks, mutual funds, and etc while trading Trading, on the other hand, involves the more frequent buying and selling of stock, commodities, currency pairs or other instruments, with the goal of generating returns that outperform buy-and-hold investing. This is the basic trategy of Warren Buffett to get succeed in investment. But, it is just useful when you investing in asset or stock still be potential. If you buy an asset or stock pumped in the value recently, you will need to spend much times to wait the next pump or take loss because that is the final for this asset/stock. |
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Bitcoin is a digital currency that runs on blockchain network controlled by the people.
Real money is currency issued and controlled by the banks and government with no privacy whatsoever.
That is the reason Bitcoin made a lot of the developers and the rich interested it. They like to using a currency can provide them all privacy, permission. They do not need to depend on the government and scare the government pay attention in their amount. |
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