The biggest disadvantages of bitcoin is only few people that know about bitcoin. When you want open a business about bitcoin, it will be hard to be accepted on your area. Because not many people know about bitcoin, like in my area, i think only me that know about bitcoins.
That mean the disadvantage of bitcoin is not forever, because bitcoin user is increase everytime. It is so hard to find bitcoin disadvantage because the benefit of using bitcoin is to much. Bitcoin is a great currency but it is not like it is perfect, it would be nice if we could get faster and cheaper transactions, and it would be nice if the miners were in places other than china. |
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i disagree, you're prediction is based purely on past preformance. 2 -> 32 = 16X 32 -> 266 = 8.3X 266 -> 1200 = 4.5X 1200 -> 2200 = 2X seems logical... but thats no way to get to 32,000$ / btc... 2200 -> 3300 = 1.5X 3300 -> 4125 = 1.25X we'll never make it to 32,000$ per bitcoin  if we assume that bitcoin will begin to play some role in the real world of finance, weather it be as a digital gold safe haven or a black market money or remittance or World reserve currency, or online shopping? then we will necessarily see maybe 10K BTC or maybe 5million per bitcoin! So i'll ask you to open your mind to the possibility that during the 2 year bear market bitcoin had been creating apps, websites and tools, in order to fulfill its use cases. now that poeple are starting to learn how they could save 15-30% on amazon.com .ca .uk, now that poeple find bitcoin ATM's near them and say "hey this might be better then WU", etc... TX volume is blowing up, and price MUST MOVE. This is it buddy! this is where bitcoin starts to be seen in a new light, no longer a useless fun play thing, but a useful tool that saves YOU money! it is my opinion that we are setup to see the biggest incress in bitcoin history ~100X >32,000$ in <2years you better believe it  Past performance is all what we have to try to predict the price not only of bitcoin but of anything, bitcoin may reach any price in the future but to see a price of 32000 dollars for 1 bitcoin lots of things will need to happen in the whole world and not only in the world of bitcoin. |
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Hey guys, I started using Bitcoin this year (2016) in april.  Now my question for you is:
When did you begin using Bitcoin?Best regards, Patrick  It seems most users that voted in the poll are relatively new to the bitcoin ecosystem, that includes me too since I only began using bitcoin about 6 months ago, so currently I don't have much but I plan to change that in this year. |
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I think it would be interesting talk.
It depends on what you mean by immoral because immoral is different than illegal, for example someone may start a porn business that accepts bitcoin, that is immoral but not illegal depending on your jurisdiction, but scamming and hacking are illegal and must not be encouraged. |
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I agree more with you that said bitcoin transactions is very slow and should wait the confirmation that usually done around less than one hour. Because actually the transactions bitcoin is very fast only few seconds but the confirmation is coming late. I think thx can be a proof for sellers and buyers to dont need wait the confirmation. But it also can double spend if you are not thoroughly.
We need to wait at least for 1 confirmation before giving the good to those that pay you in bitcoin, if you don't you run the risk of someone trying to scam you by trying to double spend their coins, it is sad but some will try to scam you that way. |
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I think the biggest disadvantages of bitcoin is the internet connection. Once you don't have a data connection in the internet we cannot earn bitcoin, and if ever you have an internet which you can monitor what is going in the update about it, the fluctuation is the next problem into or transaction in bitcoin in any exchange sites.
The bitcoin network runs over an even bigger network the internet, but the internet runs over and even bigger network too the electric grid, it is unfortunate but that is a weakness that cannot ever be improved upon. |
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I don't know if the op invested those 10k in bitcoin but I hope that at some point he did because he will be having great profits, then he could sell enough bitcoin to recover his 10k and invest in something else and let his investment in bitcoin to keep growing.
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https://twitter.com/whalecalls/status/815598251319640064Okcoin $BTCUSD Quarterly futures has liquidated a short position of 47857 contract at 1,065.58 - 2017-01-02 00:38:56 I tried to warm my friends on IRC about the dangers of shorting, but they wouldn't listen.. they think they can time the market, when this is impossible, you can only look forward to trying to predict the fundamentals, and the fundamentals are clearly telling us to buy and hold long term. People that bought every dip instead of trying to be the smartass that tries to short has made massive gains this year. What a terrible trade, but people like this try to play it smart, to be more intelligent than anyone and end up fooling only themselves, if instead this person just bought bitcoin he will be enjoying easy profits. |
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What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?
It will only have an effect if someone with a significant number of coins did it, but at the current moment you can bet those coins are going to be bought immediately since the price keeps going up. |
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I just wondering , how can this type of mistake possible? I think fee are automatically being charged right. This is such huge huge mistake ever , I can't even imagine if that was me. Pheww. Looking at current btc price and 15 btc as fee. I'm going to shop and buy myself a rope. LoL !
Fees can be set manually if you desire that way you can decide if you want to add a big fee to get a very fast confirmation, or you can send a low fee if time is not really important, I think it was a mistake of someone who was new to sending bitcoins, that is why, even if you have lots of bitcoins you need to send a very low transaction first as a test. |
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The biggest problem with bitcoin in my opinion is that every single transaction is available to anyone to see if they want to, that makes bitcoin very vulnerable to algorithms trying to link bitcoins with an identity.
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The confirmation time depends on a lot of factors like how busy is the network, the miners, the fee you send in your transaction and the use you want to give to bitcoin, if you only want to move money from one country to another then bitcoin is very fast but if you want to buy something and need a confirmation in seconds then bitcoin is slow.
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No even tho I spend quiet a bit of time on Bitcoin I have never dreamed about it.
Or maybe I have dreamed about it but I just do not remember it.
I also did not really dreamed about it, I think about the bitcoin a lot but I never dreamed once about the bitcoin itself. I think if you dream about the bitcoin its not even a good thing, I think its a form of stress to be honest although it also can be positive of course. I hope if I will have a dream about the bitcoin it will be a good one. If you really think a lot about bitcoin then you may eventually have a dream about it, since it has been known for quite some time that one of the things the brain does while sleeping is to go over what happened that day, so you may end up dreaming about bitcoin if your mind is rally focused on it. |
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Ebay has played a great role in the success of PayPal in becoming leading payment processor.Do we need a similar ebay like site to popularize Bitcoin and make it leader in money transfer?
The issue about this is regardless of whether or not there are people who would use the site, it's how many people will join Bitcoin because of it. Bitcoin needs something new and unique, that everyone wants to use, in order for it to gain popularity. Anything that is already done by fiat isn't something Bitcoin can use to compete with effectively. People will use a service as long as it is better and more practical, so if we have something that has already been done but we can do it better then it could work, look at casinos, casinos are very successful despite the fact there are thousands of casinos already and that is because they offer something unique thanks to bitcoin. |
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I heard some people saying they belong to the so-called Satoshi Nakamoto, but really nobody knows except the owner itself. That's a lot of money stored in there, and imagine how much it could turn into if one Bitcoin really gets to $1.000.000 per BTC.. 100.000BTC would be $100 BILLION dollars. Insane, but real....
I do not think those addresses belongs to Satoshi probably the owners are exchanges or some big whale accumulating coins like there is no tomorrow, and about the price I don't think bitcoin will reach such a huge price anytime soon. |
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I will probably keep several paper wallets and have some copies just in case I need it, the copies will be kept at different places so if something like a fire or flood were to happen you have backups ready.
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What do you think that will happen once the real Satoshi reveals himself (and proves that he created Bitcoin)? Will Bitcoin ever be the same? Will governments try to pursue Satoshi and put him in jail? This will be something interesting to know, once it happens (if it ever does) sometime in the future. Please feel free to share your thoughts here. I don't think Satoshi will ever reveal himself willingly, there must be a reason why he went into hiding immediately when he created bitcoin, probably the reason is that he fears prosecution for creating such a tool. |
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Check your pc and make sure you clean it as has been suggested to you. I would advise you to shift your coins to another wallet. I have been suggest you coinbase or xapo but just search here and you will find many details of wallets. Make sure you change your passwords, and i hope you have not used it on a public pc. Be careful with your btc.
Using an online wallet was the problem in the first place why use another one? Use a desktop wallet and if you must have an online wallet in the case you need to buy something while you are out of your home then keep only what you are going to spend that day and if you don't then send it to your main wallet. |
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hello
I have a question
what was impact of bitcoin on your daily life/business?
do you use bitcoin in your really life every days in your country?
Right now bitcoin does not have a big impact in my life since I don't have much, but I gamble sometimes and it's really useful since most bitcoin casinos accept very low bets unlike fiat casinos so it has saved me some money. |
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I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?
If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?
You can gamble anonymously with bitcoin so none will find out about your activities or who you are if you take the right measures, besides many people that gamble with bitcoin gamble coins they earned in some way or another so they don't need to convert fiat into bitcoin. |
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