i do believe that gambling can be profitable in a long term..
such as trading " forex" if we could manage our money and our trading so it will give good profit..management is the key besides discipline..
trading and gambling is different dude, You cant unite both Yes most of the time, people get confused to differentiate gambling from trading. Trading is sometimes accused as gambling on the times of failure. But we need to understand how gambling is different from trading in skill set wise at least. |
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Many people ignore trading of bitcoin just because of fear of loss.
But trading is the proven quick money making process, so for bitcoin too.
Either learn some lesson in text or in practice with your money or in trail account. Then we can shine in trading by making huge profits. Agree?
Yes. I agree. But people makes lot of money in bitcoin from their smart work when we compare same type of opportunity in dollars. That's the reason we lack in volume in bitcoin trading. May be it would take some time, like forex bitcoin trading also go as a main earning source. |
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My problem with bitcoin is that I still to this day don't understand the point of it. I'm trying my best to understand it though, and that's why I'm here. I'm also here to break the barrior between creative people and technological people to remind them that we can work together to make both of our industries grow.
Yes unlike physical money system, bitcoin needs at least internet knowledge to understand to send money and receive money. Many people round the world still illiterate, so bitcoin may need it's own time to make people to understand it's core basics. |
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Like in the stock market? Psychologically people are more likely to buy if the price is lesser (ex. a 3 to 1 split turns btc from $230 to $80), and there would be no affect in the current value.
Would we really need to do this? This is like fooling up the masses. It's not surprising that stock markets are doing this, they are experts in fooling the masses. I don't talk about the divisibility of Bitcoin of course, this is OK as long as we give it another name as above is already suggested. No. Nothing wrong in doing that. Already we have wallet service which shows bitcoins in bits. Dogecoin is successful just because of it's number not value. So, its time to have exchanges list bitcoins in bits price. If we start from current price converted to bits, we may end up in 1$ per one bit in short period of time. That's the beauty, OP says. No cheating involved in this. |
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I used some faucets which paid me 2500 satoshi even 1000 satoshi also I received as direct payment into my bitcoin address. I guess that 5430 satoshi was the old limit for dust definition.
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Yes 2100 is far away from our imaginary. We may worry about 2050.
By 2100 most of the bitcoins would have been mined out. So, price may got stabilized. Dollar would be referenced with bitcoin for it's value. Many people will have their surname as bitcoin or bit.
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More than 10 till now.
wow, I appreciate it  You made 10 people join the bitcoin comunity, I'm sure it's not easy, because I was still difficult to invite people to join Yes I also find more difficulties to motivate to use bitcoin. My friend were trying to discourage myself from not to invest in bitcoin. But I'm not ready to listen to them. Time will answer who is right and wrong. This may happen to everybody. Even my spouse argue with me for not more investing into bitcoin. But I'm not ready to listen to. People will turn to our way only after we achieve something. Till that, we need to listen them but act by our own. |
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OP is definitely right.
That is why bitcoin will become weaker and cheaper in the next year.
Bitcoin was popular because its price was constantly rising, but now it stays same or rather it falls down.
When more miners come in due to cheaper electricity, then the difficulty will raise automatically. People will find buying is better than mining. They would buy bitcoin, that may lead a price hike. Again new miners will come to action due to profitable mining just because of new price hike. Process goes on. Any way only good sign for bitcoin. |
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It was neat though
Didn't know it existed maybe in my mundane boredom I'll try digging for Clams or something whistle
Yes I also tried for bitcoin as well as for clams. But not successful in either. Even the used address now with zero balance, not included in clam's initial distribution. So, I have concluded as waste of time and worst than faucet earning. |
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i think it can rise upto 500 dollars but in a 5 -10 years bitcoin will die due to dollar.
I believe this .I like your prediction  People like unrealistic things. No force can stop bitcoin growing, including dollar. Bitcoin is better money than dollar in all means. So bitcoin may kill dollar when bitcoin raises as a global currency. May be that may not happen in 2016, but definitely will happen soon. |
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Bitcoin is created for new economical revolution. The traditional economic environment has many disadvantages to a common man. Satoshi has created bitcoin to revolutionize the modern economy situation with the help of bitcoin. I believe bitcoin is doing it in right way. I mean bitcoin is fulfilling the purpose it was created.
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Many people are imagining $50 levels to buy a bitcoin. I would say that's the greedy price. Because money inflation makes every commodity some price appreciations. Already bitcoin has huge community who are all watching to get big amount of bitcoin. So, if bitcoin hit $50 level it will bounce back to current mining cost compatible levels.
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Give them discounts for using Bitcoins. Woman love discounts.
But in reality, when all the man start using bitcoins, woman will do it too. The internet was the same, the man started using it first, then the woman came too.
All over world that's the reality. Man take more risk compared to women. Not only internet or any other latest technology always women follow men. So, if we prove the real success of bitcoin, then women automatically will get attract to bitcoin to use it. |
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I ask this question based on these...
1. Size of the transaction is based on amount of satoshi we transact.
2. When price raise, the amount in a transaction would be less comparatively.
3. With less sized transactions (still same value or higher value as a regular user transacts), a block can pick more transactions.
I read a average transaction size is 500KB. Assume it has some 1Milllion satoshi or 0.01BTC, current value $2.413 .
If the price goes to 10 times, then to send same $2.413, we just need 0.1 million satoshi or 0.001BTC, by mathematically transaction size must reduce to 50KB or some what. (There are some part of size do not change regardless of number of satoshi)
Now a block approximately can pick 10 times more transactions.
So, we need price raise to solve block-size debate?
So, basically as mentioned by many people here, the size of a transaction is not depended on the amount in that transactions. So, price raise is not doing anything with transaction's size. Now, again we need to think for a solution to beat Visa network in processing more transactions per second. |
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Private blockchains will need a common medium to compare or exchange their values. There would only available medium is bitcoin. So, all the private blockchains definitely will need bitcoin to set their own value. So, nothing is possible without bitcoin.
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i've been read this article https://coinlife.me/xotika-model-royal-tiffany/that girl was earned 5 BTC more in less than 40 minutes, woow that was awesome and so unexpected i think this industry would be going for long life, and more girls to be interested to join with this industry That's the wrong example I do not prefer to spread. Making money in anyway is not my recommendation. So, making bitcoin through porn is at all good way in my opinion. I hate such a story indeed. We have many decent ways to make good sum of bitcoin. |
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Great news?
When Satoshi finally, really dumps all of his alleged stash, then people will no longer fear the increase in supply.
Reality Check
In the future, people will pay huge sums of money to "actually own a whole BTC!!"
^^^
A) If you believe the above, then it doesn't matter (long-term) if/when Satoshi sells his stash.
B) If Bitcoin fails, then it doesn't make any difference (long-term) if/when Satoshi sells his stash.
I think he will never do it at once, becuase this action will kill his beloved child, BTC. He would rather do it a small part at a time (maybe he's already doing this), but never at once. Yes. He has full right to sell them, more over he must be in full aware of what will happen when he selling all his coin at once. So, people need not worry about his hoardings. I too believe that Satoshi already started selling his coins. That's his wish. |
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Another economic slow down in visible like 2008. So, the world new financial movements and the fiat currency are loosing their value because of larger unemployment in most of the sectors. Some financial experts believe bitcoin will be an alternate to keep the net worth regardless of any fiat market.
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I have faith in bitcoin so I am going to hold for the long term. I will only cash out in a dire emergency.
Patience Pays. Everyone here is holding their bitcoins and waiting for prices to go higher in the coming future and that is the right thing to do, as we believe that the price of bitcoins will reach to a new level in the coming years, So I am holding and waiting for that day. Exactly Satoshi has thought the same thing. Because if everyone hold bitcoins then the price of bitcoin will raise. The higher price will attract many new people towards bitcoin. Many people uses bitcoin, bitcoin will go main stream of money. So, holding your bitcoin will help yourself. |
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I started just hearing about bitcoin and saw that 1 bitcoin is really a big deal.
Now I want this to be for my savings and maybe more. I see some for investing, I really need to read more to know about that investing.
It is a saving and also an investment when it comes to future so it is better that we keep our bitcoins safe in a cold storage and wait for the future, so basically at present I only use bitcoins to convert it to fiat when I am need of money, rest I have kept safe for the future. That's the great idea. Because bitcoin not in using phase. It's still in saving phase. When the prices hit an unimaginable price or more than 90% all time bitcoins are mined off, then the time is coming for spending bitcoin. At that time everything would be available for bitcoin. We do not need to convert into fiat at that time. |
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