This is the most common type of problem in the Philippines or I think worldwide when we are going to invest in trading platforms, the high transactions fee. But these transaction fee or cost should not be called like this because it is indeed the miners fee. In some wallets, they have a fixed miners fee of 0.002. Way back then, when the bitcoin price was not yet too high just like today, we can still afford the bitcoin miners fee. But today, I think it is too hard. Miners fee is too material to be given just for the bitcoin you want to transfer, so to enable you to immaterially assess the miners fee, you should be able to transfer funds with high total costs.

At the first time you explained it to them, they will never understand it. Why? Because their hearts and minds think it is a fraud or scam. People tend to become aware of the environment presently at our generation because many people tend to cheat people, making bad things, that sort of started all of it. But when they see the reality of bitcoin and the cryptocurrency itself, they will believe. Yet it should not stop there. Everyone must research. See for themselves what are these cryptocurrencies? How are they made? Why did they have value? These are questions should be possessed by a cryptocurrency investor.

On my opinion is the answer is no. Yet they can be digital payment. Paper money and coins are known to be the longest and oldest way of exchange, mode of payment, even you who read this post, me, everyone in this forum is not yet born on this Earth but those things do existed and is still been using nowadays. What am I saying? Cryptocurrency can not make real money disappear but in the future, through the continuous development, innovative changes and curiousity of human being, a time will come that digital currency will be added to our mode of payment around the world.

There are a lot of benefits if we are to hold bitcoin. Technically bitcoin is an investment so one of its benefits is the financial freedom it will give or arise to those investors who believe in bitcoin. Bitcoin is a lie changing investment. Also bitcoin is like the main cryptocurrency among them all, without bitcoin, you can not buy any other tokens or cryptocurrency.

Yes! I usually convince and encourage my friend who has a lot of money indeed. But rather he invested in networking company. He said it is better to invest in stocks or shares rather than in bitcoin. He did not know how bitcoin works and even don't want to hear it. Well there are people you should not waste your time with encouraging them. Those people who want to earn and want to take the risk are the one deserving to know bitcoin. Yet then technically all investments are inherent for its risks. The risk that you may have a loss or inversely, gain with.

If big investors cashes out, exchanges bitcoin to dollars, normally what happens if we do follow and believe the law of demand and supply, bitcoin price will drastically decrease. It depends on how many percentage or how many big investors/ large scale investors will cash out. But we should always think and remember that the law of demand and supply in the perspective of the economics is not the only factor of the price of bitcoin. It does not relay with it alone. But what is certain, big investors, who we know are also the top billionaires around the world are not dumb to do that for no good reason. Because they have the main goal to appreciate their wealth.

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Bitcointalk username: jkinit2125
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This generation the 21st century has been the most inovative century of all years that past, the so fast changes and development of everything through the existence of technology and internet. And of that is the bitcoin itself. It is now used in some countries and been legalize as a mode of payment without bringing paper money, using cashless payments just like credit card. Also bitcoin is used as a mode of exchanges in remittances of money to those separated by seas. But there are still countries don't want bitcoin. For it to become formally and legally be one of the digital currency that you can use it wherever you go around the world, it will take a lot of years to make that happened.

YES. Of course. Digital currency will replace paper money in the future but it will take a lot of years to make it happen. There will be a possible many arguments, debates, dry-run and other things to implement it. Why can I say it? Even nowadays some governments around the world is banning bitcoin in their country. Problem arises from that things, the approval of government in using bitcoin as a cashless payment in buying commodities.
But digital currency has also negativities. One of it is when someone bought something example is only one candy, when buying it, will he still use digital currency, bitcoin as a mode of payment? And what he received is lower than what he paid of? Because of the transaction fees? That is some one problem arising in digital currency when it replaces papernmoney.

Is it obvious enough? First, the reason why bitcoin is so the most popular cyptocurrency is its historical ground. Bitcoin is the first cyptocurrency in the internet. Bitcoin isbthe reason why altcoins was also made because of the idea of what bitcoin can do. Second, bitcoin has the largest value among the cryptocurrency. Years, months, even weeks, if you hold bitcoin, you can already gain in such a short spam of time. Lastly, bitcoin has been accepted by many entities and business establishments. Where you can pay through bitcoin, transfer money with bitcoin and also you cannot bought altcoins without having no conversion of bitcoin. Bitcoin has become the primary cryptocurrency in the world.

Of course! The answer is absolutely yes! Bitcoin is a digital currency, cryptocurreny which is not known by some people. Even professionals our there, doctors, lawyers or even the government itself in general. Possibly those who undergo studying the science of internet or computer will know bitcoin such as IT experts and those who taught it in such universities, just for its background. But let us discover this, people tend to know bitcoin because of the human being's curiosity. If his/ her friends always post on facebook, twitter or instagram about bitcoin who owns with it and shares to everyone what he had gain, then people who sees it will be encouraged to know it. How? Why? What is that? That is how people know bitcoin. Also nowadays, there are advertisement in facebook who has a topic about bitcoin. Also I will add bitcoin is growing because of peer to peer informations.

To ask why did satoshi made bitcoin. For what reason!?

Maybe because of the fact that gold has its physical substance it is tangible. No matter what happens to the internet, gold will always be there. And also, gold is a gift from nature. A creation of art though. You can craft it to many jewelries. But if you want to earn more using our new era, progressing internet, you can invest in bitcoin however you need to be educated with it.

Why chose bitcoin? Why not invest in shares/ stocks? Other investments?

Both of this method will earn income preferably whoever wins will be the method of whom which the higher income and low costs incurred. Because both of this method, mining or buying/ trading, you will need money indeed. You must establish a cost-benefit relationship in your mindset. That your costs incurred should never exceed than your income gain. In mining, you will need lot of equipments especially high cost and fast internet and in the other hand you will need sufficient knowledge in buying or trading to lower the risks of your investment. I rather choose in buing or trading because what will I need is to study the coins, digital cryptocurrency I invested. That is my own opinion.

You can encash bitcoin if you are in the Phillipines in Coins.ph. You can use banks which are connected to Coins.ph and some remittances entities, 711 stores, or maybe using mastercard or Visa debit cards. Maybe if you live outside the Phillipines, there may be  local exchangers that can help you from transferring your bitcoin into a currency in your country. I hope this help to those Newbies just like me.

Everyone who knows bitcoin, one of the digital currencies, is to invest sooner, bought sooner. Yet it is not too late. I before was skeptical to invest or not because I was no knowledge with it. Yet I didn't study its background. That is my regret also because if I did, I gave it all to invest. In order for you not to be in doubt or skeptical, one must study what to invest, study everything about it. How does its price behave, what are the factors affecting its price, and others. In order for you to be fully equipped when investing. Doubting no more if your money will be gone in a blink of an eye.

sa lang ang masasabi ko neto, bibili ka ba sa Mcdo gamit ang bitcoin kung alam mo na sa pagkabukas lalaki ang value neto? Unfavorable para sa yo naman at favorable sa Mcdo kasi magkakaincome sila. Ganun paman, hindi mo alam kung magchachange price neto. Unfavorable naman sa Mcdo kung pagkatanggal nila ng Bitcoin ay bababa bigla ang price. Lugi naman sila. Opinion ko lang po.

Unang una, hindi naman talaga mareregulate ng isang government ang digital currencies. Kung sakali man, matatagalan pa. Yan ang nangyari sa China pero kung uusisain kung mayroong tax din ang China, which is tax is the lifeblood of the Government, hindi sila magkakaincome doon dahil tax free ang bitcoin. Alam din naman natin na napakanegosyante ng mga Chinese, so lahat ng business nila doon tinataxsan at nagbabayad sa government kung puro nalang lahat magbibitcoin, paano na ang government nila. Siguro parang ganon lang. Opinion ko lang din po yan.

Technically, if it will be a currency, its a long way for bitcoin and other digital currencies to become a mode or medium of exchange in the future. To buy a car, appliances, buy something in grocery stores, pay for some services because of the fact that its price varies. It won't be inappropriate if the one who partakes bitcoin to buy something will increase its price someday somehow. Also in the part of some vendors if the one they receive will decrease its value from then on. Its a benefit for those establishment if the price of bitcoin increases. How about if it does decrease? And I think its value is unpredictable. It could be an asset for someone who holds it. An investment in specific. It is at this moment an investment in general and for it to become a currency, it will take lo of years and arguments.