i think nothing is stoping people from using bit coin. it is the matter of trust. those people who have study bitcoins are suing it as currency. and most of the people are holding it for its price increas so those people who have no idea about bitcoin only these people are reluctant.
As you said, they have no idea about bitcoin. A better information dessimination could help so people who are not aware or who do not know enough about bitcoin can learn about it. If they do, they will appreciate bitcoin and will start using it as a currency. |
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some of the employers who do not save their money are not because they spend them on the goods which they do not need, but because they do not have that much money which they save from their needs,
In order to save money, you must have a decent job first with a decent salary. You can't save anything if you barely survive in your salary. So work hard and make your income grow, then save for your future. Not just waste your money on useless gadgets. |
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a bitcoin bank would change everything really think about all the possibility
I think more banks will use as a wallet like xapo or other third parties. where banks can control your bitcoin. I think it was not a good idea. because it is safer to save on the wallet than a third party (bank) Yes it is. In wallet you have all the control on your bitcoins. If it is in a third party, they may control you accounts or freeze it if they want to just like what is happening in a fiat bank. If you get caught on something, they'll freeze your account and you have nothing. |
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Yeah guys don't put all your eggs in one basket. I am trying to diversify my investments as much as possible and I don't put everything I own in just one place. I am investing in Bitcoin currently because it has the highest chance to get a good ROI but I am also investing in gold and some stocks on the side for additional profit. By the way the AMD stocks doubled in value and continue to rise I am happy with my decisions  That is the right thing to do. Even if bitcoin has good potential for profit, you still must diversify your investments. What happens if bitcoins fail and you have all your money in it, you lose everything. If you diversify, the other accounts will soften the blow when you lose on one investments. |
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I'm not spending actively my bitcoins because I'm trying to save it before the halving happens.
Hoping to get some profit from it.
Trying to spend in a active way is not possible every time, also the availability is also low. The way you choosed to make profit on halving is the best of all. That is the main reason I don't spend my bitcoins.too, there is so few places I can spend it, and too few items to choose from. But someday it may be spendable everywhere with any kind of items. Hopefully. |
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Bitcoin price won't go anywhere. everyone is just holding until so called halving which is already taken into consideration. bitcoin will drop
No it won't. Price is already steady right now. And when halving comes, it will even grow higher and stays there. Unless some unfortunate events happen, bitcoin price will steadily go higher. Just watch and you will see. |
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I want it to increase and stay there not like a sudden but temporary increase. The increase should be permanent
Yes, it is a better price increase. A steady increase and that stays up. It is better for us signature campaigners because we get higher exchane on our weekly salary. Maybe not everyone agree with me, but i think if the bitcoin's price increases from dollars, we as signatures campaigners will receive the payment less than usually we get. Because the most owners of signatures campaign polestar from the price of dollar when they determine the payment of their signatures campaign. I hope not. Owners of signature campaigns get their bitcoins from bitcoin earning websites too. So they have no problem if the price vs dollars get high because they get it as bitcoin not fiat. If they earn in dollars and payus in bitcoin, then they might lessen the amount they pay. Which is not the case. |
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I'm not trying to sound negative but there's a also a possibility that banks can make bitcoin disappear. You ask me how?
Banks might come up with their own version of a regulated bitcoin like product. Since banks have been around and people see them as trustworthy companies, people would think that their money would be safer there and they would have options to choose from in terms of what they'd like to invest on.
I agree with this..banks have survive years..Maybe because of adopting to new situations...So I think if bitcoin would go mainstream, banks would also think of what they can offer to counter and slow down bitcoin, so probably adoption of new technology like blockchain would be a great idea for banks... Maybe they will adopt to blockchains technology. But I don't think banks will disappear. We are still using banks to exchange bitcoin to fiat. And I don't think exchanges from this two will ever disappear. Bitcoins growth will always be measured by how much it is worth in fiat. |
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Voted above 500 just because I think it is the ideal price for bitcoin after halving. If it sustains the price then well and good. If not, I can still hold and see if next year it will be a better price.
The value of the bitcoin could be $500 after halving. The price could be much higher due to the halving. That could happen. But the price of bitcoin is still based on the actual usage of the bitcoin and its popularity. Bitcoin is really driven through speculation, however the effective user value is probably at 0.78x the market value. Normal people definitely have their own part of the Bitcoin economy, but a lot of the movements are being driven through massive whales shuffling their money. As the number of normal people using bitcoin grows, it will be harder for whales to manipulate the price of bitcoin. So, when users can match the amount of bitcoins of whales, it is when we see the real value of bitcoins. But for now, we have to ride the whims of the whales. |
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My plan is too get rich by just holding the bitcoin because I think with holding you can make a lot of money without doing something with it.
I do not spend any bitcoins these days.
You will never get rich if you just hold for a long time. and also you should have at least 100 BTC for good results. it is better to always be productive every day. yes my planing is more bitcoin is buy and after wait and which is month increase in bitcoin price. I am searching every day when Increase price in bitcoin no need to use a lot of methods that will take a long time, better learn some methods that really can make a lot bitcoin. The more source of income you know, the better it is. You can grow more bitcoins if you know a lot more source of it. So, it is not a waste of time even if it takes time to learn. Being stuck on only a single source of income is bad. If that source suddenly close or runs out, you have no alternative. |
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I don't know why its should be removed? It it bad or what? If people what to use digital money so why they will not make some poll or what. Nobody cares and paper money exist.
It ain't that bad, but it is controlled by the government. And they are printing it as if it has already no value. So, it has actually no.value but we use it as very high value. Atleast bitcoin has real value in it and it is not unlimited. It wi grow in value as its count grow less. |
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I want it to increase and stay there not like a sudden but temporary increase. The increase should be permanent
Yes, it is a better price increase. A steady increase and that stays up. It is better for us signature campaigners because we get higher exchane on our weekly salary. |
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Yes I'm holding some of my bitcoin for a price increase and still hoping that it would probably occur after that bitcoin halving this coming July if I'm not mistaken.
the price really can not be predicted. is currently experiencing deterioration in the price and it was a little startled. there is a sense of disappointment and guilt. why I did not sell at the price of $ 465? You can buy back now, the price is below 450. It is a good time to buy because the pric will definitely go up. It made a test last week, it will do again in the future until it breaks 470 or 500. |
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Or they might be afraid because it is illegal in some countries? Just saying  Marijuana is illegal in some countries and still people use it. If we could educate others about the benefits of using bitcoin, it will influence others to use it and remove the doubts in their mind. People are afraid of what they don't understand. |
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As the title say, what is the proper way to teach someone about what is Bitcoin?
teaching people about bitcoin is easy way,if we show them how bitcoin work,if we show them the bitcoin video and any good movie documentary about bitcoin,they should understand with that. I wish it was that easy. People should be well aware of bitcoin right now if it was that easy. Send some people a good bitcoin movie and.they will readily accept it? I don't think so. |
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Now that I got started in signature campaign, I'll keep it until it becomes significant amount.
Signature campaign is good for start to earning bitcoin. and when you already collect many bitcoins, you can make a plan to get rich with bitcoin. Signature campaign, though gives decent amount of bitcoin, is not enough to make you bitcoins large enough to make you rich. You should supplement it with other source of income, either in fiat or bitcoin. |
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Transaction times and ease of use. Bitcoin needs a centralized 'paypal' like company to aggregate the bitcoins and make internal person to person transfers instant. But preferably not Paypal since they suck.
Still paypal has scam attempt issues and many problems, The thing that stops people from using bitcoin is that they think its just a waste of time as it needs a lot of time understanding bitcoin and they probably think it has no future. In the start I was also thinking the same that it will take a large time to understand bitcoin and I do not have that much time, but when I involved in bitcoin, i learned about it within a few hours, and know I am expert in it, people should have to learn about anything and do not have to care about time while learning some good thing. Wow, you're quite good. You mastered it in a few hours. I wish I have that intelligence of yours. I am doing bitcoin for quite some time now and I am still not as confident as you are. |
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Save money in bitcoin and you will get best returns in future I am saving part of my salary in bitcoin, as I feel I will earn good additional profits in next couple of months.
That is a good idea. Especially now that halving is approaching. Your money could earn more saving it in bitcoin rather than stashing is on a bank. Bank only give meager interest. But if prediction is good, bitcoin may double your money in a few months. |
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I'm holding my btc's untill at least the end of 2016.
I think price will be close to 600 by the end of the year.
just my guess.
That is a more reasonable prediction. Others are just saying 1000 without even analyzing. But you are calling it. I am also holding, but maybe a little bit longer than yours. |
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As Andreas put it, bitcoin is like email to internet in 1990s.
Hold on to see what the future holds.
Hold to earn extra money in next couple of months, as it is predicted that value would be higher at the time of halving so selling at that time is the good decision. Yes indeed very good decision to hold and wait for halving time comes because many people holding as same as i and believe in price increase. Speculators expecting the price will rise upto 700$-1000$ so its better to buy and hold it to your wallet so if the time will come we are be gonna lucky earners and hoping to gain more just like what happen for those who buy bitcoin in low price and save it in their wallet and diddnt they know they are earning so much and became millionaire. I believe blockchain is the future and bitcoin is just a small project on it. Very true, even the banks and Governments wants to adopt the blockchain technology as they also know that it is the best of all. If the banks adopt blockchain, I am sure they will go after bitcoin, their competition. They might shutdown bitcoin and all our efforts will be gone. |
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