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I have been using Bit.ac wallet app from last 2 weeks or so. It is easy to use with nice interface. However, I experienced 2 lacks in app-
1. Visitors can't see exchange rates. So one need to login before comparing rates with other exchanges.
2. Only fix rates are provided for exchanges. One cannot ascertain random amounts. So for example I need to exchange 0.05 BTC to Ethereum, I need to have calculator with me for comparing.
Hope that you will consider this.
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I was the regular user of Coinbase for more than 1 year. Due to its free transfers, I time ago assumed that Bitcoin transactions have zero fees. However, joining this forum I came by fees and issue of increasing fees. But as Coinbase started charging fees, now I can personally experience this issue too.
However, now I have diversified by bitcoins in different web wallets and since internal transfers are free for web wallets, I can save fees in 3 of 5 cases.
People recommend Xapo but I have zero trust on them.
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It is hard for me to agree with you, even if not impossible.
Banks all over the world are exploiting both their customers, and the financial law.
I never could grasp the idea of why banks can borrow the money to someone else if they dont own it?
It is not logical at all, giving credits should be allowed only if the bank really has the money, not only numbers right?
That is why we should never let the financial system to create companies where you can deposit the money, but in case of all customers would try to get their money, bank would simply go bankrupt.
We should stop government help for banks, it is not fair at all to the rest of the community.
Interesting. I am really catched by your statement, Banks don't have money but only numbers. Apparently you can say banks really don't hold that much funds but it is not true to assume the amounts are only numbers or imaginary. I am studying banking system from quite a long, the process you pointing is known as Credit Creation. This process involves keeping aside of reserve funds for people who might come to withdraw their amount and on Earth it is all not possible that everyone come on same day. Consider even if something like this happen, banks can go for short term financing known as Call Money. So this problem is ruled out. Now coming to numbers, when Banks accept deposit or give loans, they dont actually generate money but just shift ownership. It is like creating chain where amount get compounded at every level. This process is very vital for growth of economy and one of the leading reason why some countries are developed while others are not. |
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By taking into consideration we have 7.5 billions people living on Earth, I vote for 2-5% maximum. Why?
Because people are generally resistant to change. No matter how easy a life can be by adopting new techniques like Bitcoin but still people are happy living life as it is. For example, take Digital money like Credit/Debit Card or Net Banking have been implemented all over world for more than 20 years but still only 20-25% transactions are carried through it. Thus, we should not expect more than 100-150 millions Bitcoiners by 2020.
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Being Bitcoiner as well as optimist, I am too in motion that Bitcoin will jump high maybe $500k in coming years! Maybe not as he described but it is all possible!
Simple theory works here. Bitcoin prices increase with increase in demand. Demand when compared to previous years, increasing every next year. With more demand, more funds will be converted or kept in Bitcoin web. As a result of which its market cap is increasing day by day.
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Bitcoin is not going to replace fiat for most people but without a doubt there may be some bitcoin users out there that are not using fiat anymore and are only using bitcoin right now.
I don't think that it is possible only to use bitcoins as to take care of our expenses in real world we need fiat and bitcoin cannot be used anywhere for buying anything so in that case we have convert our bitcoins to fiat currency so that we can use them for shopping. Now at present we cannot use bitcoin same as that we use fiat for our needs starting from daily needs to other online purchases. Little by little it's increasing as userswere increasing. If bitcoin have got an physical appearance as our cash it could have been more popular than the present but it cannot replace the fiat system. Bitcoin being physical is something which could never gonna happen. It is all against Bitcoin motive. How would you distinguish Bitcoin from cash, how would it provide you anonymity and most important how it gonna managed!! If something like that happened, Bitcoin will fall in the hand of big boss (government) and we again become prey to these predators. |
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After two years and 150 pages, I wonder, has anybody asked:
"Does anything else but the price of bitcoin matter"?
Because right now Bitcoin is still fueled more by hope rather than other more important things (in my opinion).
Let's be honest if bitcoin would hover for 10 years around this price only like 1% of us will still be around.
It's like a honey pot where everybody thinks only how much he will make.
The idealists have long ago left the boat.
Really philosophist one!!  Well, you can't put all the beeds in one string. I agree majority of Bitcoin enthusiasts are those who are with Bitcoin only due to significant increase in price but not everyone!! Don't forget, along with investing item, Bitcoin is largely accepted as means of payment! People are dealing and trading in Bitcoin units irrespective of fiat prices. Hence, there are still people who are exploiting something more from Bitcoin just than investment. |
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what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
I don't know what you understand from the word Internet but it is not a commodity or something rather it refers to inter-connectivity of computers around the world. Thousands and thousands of servers and gadgets are dedicated for uptime of this connectivity. So I can't think such situation ever occur considering Bitcoin will be main payment option. This will induce more concern and safety towards internet!! |
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Well to be true I never consider Bitcoin as my investment. It is as equivalent as cash or other form of money to me.
My investment strategy consists of SIP & Reccuring Deposit Funds. I send particular portion of my earnings towards SIP i.e. Systematic Investment Plan under which I am able to generate 31% return in 13 months. Coming to other side, recurring deposit funds provides me stability. Though only 8% return but I am happy with it.
So an ideal investment must include 50/50 portion of debt and equity.
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As far as cryptocurrencies are concerned Bitcoin has no competition. Bitcoin has already become brand for cryptocurrency. People are more aware of word Bitcoin than cryptocurrency and most of them aren't even knowing Bitcoin is cryptocurrency or what actually cryptocurrencies are.
But it doesnt mean Bitcoin is supreme! To shorten the line, draw a line bigger than it. I have seen many new altcoins not using algorithm of blockchain. Maybe something a step ahead of blockchain or bitcoin could ruin the whole crypto ecosystem. Human is a race of evolution, Bitcoin is no difference.
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However much people hope for the price to go much higher, he's clearly wrong.
He says "if everyone owned one". Well, I hate to break it to him, but there's only 21 million Bitcoin ever to be created and there are over 7 billion people in the world.
After reading OP I exactly hit at this point. The basis of his study is 1 bitcoin owning by everyone which is quite unrealistic due to limited supply as well as high prices. Howsoever, it is not unrealistic to expect Bitcoin reaching 1 million dollars. With continuous increased engagement of Bitcoin in economies across the world, it is not exaggeration to expect that. Since the similar factorn limited supply will work in this case too. |
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At last someone providing Skrill exchange for such a lower fees as well as lower minimum amount!
Over last few days, I was searching google pages but unable to find one which can fulfill requirement at such fees.
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There are several Bitcoin Exchangers working and most of them do provide bank withdrawals for US and Canada too.
The one I recommend is Coinbase, though reported negatively by many but still I am using it over 15 months with zero problem.
Whereas if we talk intra-cryptocurrencies exchanges, there are numerous alternatives such as Yobit, Cryptopia, etc providing seamless exchange experience.
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Hello SgtMorningWood,
What about me, will I get paid?
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Btctalk name= webtricks
Rank= Full Member
Current post count= 504
BTC Address= 13mendmy84QcSjoXRqv1Y69EDkNWv1PUJP
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When people ask such questions, I take time to question myself what actually Bitcoin is? Is this some special commodity whom I need to climb Himalayas and then dig 50 metres to get!! Indeed not, Bitcoin as a thing has only one aim i.e. to revolutionaries monetary system. So if someone ask how to earn bitcoin, then answer must be in single line- "Like we earn money!" Do services, sell products, do businesses, be an emplyee and in the end of all tales, demand Bitcoin as payment! Isn't that simple.  |
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Yes, indeed! Bitcoin has changed finance for better.
Bitcoin is acclaimed as the most liquid asset. It can be readily transfer from peer to peer without any answerability.
So it can be easily used as money but at the same time regarded as asset or investment!
Moreover, since it is asset, it possesses zero charges to hold. Japan legalisation involves zero charges for holding btc and further legalisation in rest of the world can widened this.
In the last, it has shifted gear from government's money to people's money.
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Does bitcoin has any intrinsic value? If yes, how? Or its value only comes from supply and demand? What about altcoins? Thanks  Nope, Bitcoin or any other altcoin has zero intrinsic value. There is a difference between intrinsic value and utility value. Intrinsic value is determined by inherent value such as copper or bronze by coins. But Bitcoin and altcoins are just creation of code and has zero value if looked from other aspect leaving utility. However, they do possess utility value which originates from their features and in return creates demand. Higher demand means morw value!! |
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Hello Manager, I just updated my application, I sent reason to you via PM. I have done great work for campaign, hope I get paid! |
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