with the rate at which the price of bitcoins is increasing ,it is quite confirmed that the price of bitcoins would be more than 2000$ at the end of the year and it can even touch 2500$ at the end of the year .lets hope for the future.
i am agree with you, we can expect that the price of bitcoin will continue increasing for the whole year, and hope that at the end of the year bitcoin price will be trading above 2500 USD level. |
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I don't know too that people keep saying that bitcoin is dead. that there is no good reason that bitcoin would be dead. In my own opinion maybe people are just playing joke with us that they keep saying BTC is dead.
i think these are the people who just want the price to fell down and they find an opportunity to buy bitcoin in a low price. but i do not think that now people can be trapped as they have become mature and they are not going for panic selling. |
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Due to the official adoption of Bitcoin in Japan as a means of payment, the thousands merchants will accept the virtual currency this year. But what the actual facts are? Whether you can easily pay for goods and services in Japan using Bitcoin? This helped us to understand BitKan officials. BitKan marketing director Ruby Chen conducted a three-day experiment, which showed how in reality it was possible to use Bitcoin... Read more here https://bit.news/eng/is-it-possible-to-use-only-bitcoin-in-japan/I definitely think it is. There are an insane amount of places that accept Bitcoin in Japan. Yes i think japan adop bitcoin and some of my friends there they said that some merchant are accepting bitcoin. If government of japan support bitcoin in there country maybe they use bitcoin to all merchant and store. but i think their government also still not consider bitcoin as legal currency. but just like other countries their people are using bitcoin for different purposes. |
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I think the future of bitcoin have very good prospects, because I ever experience bitcoin prices very fall, but you can see for yourself the price of bitcoin now, enough to make us even really make us more passion to obtain and collect as many bitcoin.
yes there is no doubt about this that the future of bitcoin is very bright, actually bitcoin is becoming more and more popular because new people are entering in the world of bitcoin, therefore i think the future of bitcoin is really very bright. |
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I consider it as money cause we can use it to pay and for me it is the only value of money,
For me money is just something that can be used to pay for something so therefore I consider bitcoin as money.
It's a money since we can used it to transact with things relating to money, like in paying bills, shopping, getting paid on job or simply by transferring it to a friend. Bitcoin can do all such,it can be a source of income when doing campaigns and and a payment in any transactions that offers bitcoin payment online. It is more than just money. It has advantages over conventional fiat currency and it can take over it. Problem is governments are not willing to allow bitcoin transactions in many countries and even declared it to be illegal currency in my country. Thus people are prone to being lawfully accused of money laundering here soon. but i do not think that any government has yest turn bitcoin as illegal currency, as i never seen any person anywhere in the world who is charge for using bitcoin. so i can say that still there is not a single country who have consider bitcoin as illegal currency. |
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If you think investing in bitcoin or a similar “crypto-currency” may be a good method for hiding income from the tax man, you’d better think again. http://nypost.com/2017/04/08/no-you-cant-avoid-taxes-by-investing-in-bitcoin/I am smelling something good here with the news. If the government declared about how peoples can't avoid the taxes by investing in bitcoin, it means directly or indirectly government said that they recognize the existence of bitcoin and how it can be profitable to invest. The exchanges are the "Achilles heel" when you are talking about anonymity because of their much security check. But this is true only in countries that recognize BTC as an asset (which is a good thing). When you choose a buying method that protects your identity, there is no way to the government to tax it. The biggest problem with converting bitcoins to fiat is in not being anonymous. Governments may easily ask cryptocurrency exchanges for sensitive data about users, and they will list transactions to particular sellers. You can also just not tell anyone about your bitcoins, and withdrawals to fiat later but that way is risky, there is always a chance that IRS will somehow know about it. In my opinion, the best possible way would be to just pay taxes for bitcoin/fiat transactions. It is possible that the tax from cryptocurrencies isn't high in your country, so you can just save most of the money from the trade you made. but to me i think it can only be possible when government will consider it as legal currency, only thne they can impose tax on bitcoin. otherwise there is no tax on any illegal item. |
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It will be a pretty idea to have a Bitcoin day globally this will create awareness in the society and make people to know more about this currency.
And it will help to advertise bitcoin publicly and for sure if this will be implemented, people will be more eager to earn bitcoin, and public will try to search on what is bitcoin and start to be curious on how it works and will try to earn it. Yes i hope we have bitcoin day because it gives other people to know what is bitcoin if those people know bitcoin and invest money the bitcoin price increase and thats good to us. But everyday is a bitcoin day .I think the need mr. Satoshi to declared the bitcoin day . The benefits of bitcoin day is for us . And people gives opportunity to us. The irony is if you declare a bitcoin day to raise awareness then most likely the people that will know about that day will be people that already know about bitcoin so you will not be able to create as much awareness as you thought you would. It can still promote if ever some sites issued it to their corresponding pages. If some news aired that its bitcoin day. However possibilities that only users will be happy and entertained from it. Knowing that there were a lot of freebies or promos in that days. yes and that can be more helpful in promoting and introducing bitcoin in such area where people do not know anything about bitcoin. i am hopeful that more and more people will get awareness about bitcoin through this way. |
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Course I save bitcoin for my future purpose..
I am use bitcoin an alternative for investment, because bitcoin has become one of the means of payment in the web world.
You can save for future thats true but that wont give you much of any income while you can earn a lot by trading the coins. You can aim a price to sell and then sell the coins to get profit. Then reinvest the money to buy more and keep the net income as profit. Buy when the price is low and then sell it high. However take care in the altcoin market though because they are very volatile. Investing and holding(long term) is probably a good thing. with trading there's probability of losing, it's not everyone can do it. one might panic and sell at loss, better hold and sell at $3k+. While buying and holding is not the most exciting thing to do, it is an easy thing to do especially for those that don’t have the knowledge or the interest or the time to dedicate to learn trading and seeing charts every day and try to find good opportunities to invest. i think it is such a big responsibility and not such an easy job. you need to give full concentration to bitcoin price and study the market regularly if you really want to make some good profit from trading alt coin. |
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We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?
yes and it is wrong to consider bitcoin as responsible for corruption as we can see that corruption is present everywhere more before existence of bitcoin. |
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Put it this way. Bitcoin is now. The blockchain will be developed to meet the demands of future innovations. If bitcoin loses its ability to adapt to future economic climates, it will face the same dilemma as the peppered moth. But, the technology that bitcoin is built upon will adapt, evolve, and be here long into the future.
Yes, I agree with you. Technology must adapt. All of us recently faced the problem of long transactions confirmation. This is very negative. So I'm sure that bitcoin will have a good future if he can adapt i think that the bitcoin future is very bright and such a minor problems will be solved very soon. i am hopeful that very soon people will be using bitcoin as fiat for buying and selling thing, but i think it will take some more time as still a very little number of people are using bitcoin. |
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The next Bitcoin Halving will decrease the Block reward by half. So a Block will generate only 6,25 BTC which means that the supply will decrease and the demand will still be increasing. If Bitcoin At that time is still successful its price should go up a lot
i also think that in the next halving the price of bitcoin will boast as the demand of bitcoin will increase and the supply will decrease, i am hopping that at that time the rice of bitcoin will be trading above 4000 USD level. if the proce of bitcoin will continue its trend of increasing its price. |
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I think if no one will spends bitcoin it will stagnant and its price will not rising because of its lack of users. This will leads to lose of users and demands of bitcoin. But ofcourse the reality for now, bitcoin is becoming in demand and popular in any countries.
I agree with you, nowadays, bitcoin is growing and popular, and it's more and more widespread and accepted by many countries, it's legalized, that's a good thing. Happy for those who use bitcoin. If nobody uses bitcoin, it will lose value and become garbage of technology. No one uses, does not buy and sells, and is inevitable. Bitcoin is so popular these days that the OP question is just not possible to happen and People will spend bitcoins for sure. That's exactly what I would like to say. Present online marketplace economy much strong, Bitcoin the main supported currency. I don't find have any reason why not no one will spends bitcoin? While using Bitcoin you can easily make huge profit if you have a good strategy and have skilled guy. Bitcoin treat now professional choice your business. bitcoin is now becoming more and more popular as currency and people are now using it as online as well as in offline shops for shopping. i am hopeful that in future the trend will extend more and more. |
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see bitcoin prices are rising, and prices are declining altcoin, makes me think that bitcoin altcoin can not be replaced by another.
I guess that comes only strengthen altcoin popularity of bitcoin, so the better altcoin, the better bitcoin. so it makes bitcoin always be number one.
and to me i think that the number of bitcoin users are increasing more as compare to any other alt coin. and that can also be the reason that no other crypto currency will compete with bitcoin. and bitcoin will remain as number one currency of the world. |
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I think it would be very difficult for banks to accept bitcoin, because basically, the bank is a government program that is legal. bitcoin does not include transaction or investment instrument that is legal or illegal. but, I think it would be good if there are banks that accept bitcoin, because it will be easy access for users bitcoin, to turn Fiat into a bitcoin.
to me i think until the governments will not consider bitcoin as legal currency, banks will also not accept bitcoin, they can take any decision about bitcoin until government will consider bitcoin as legal currency of the world. |
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As far as I know there isn't any Country that notices Bitcoin as a Currency. There is only a village or two that uses Bitcoin and label it as a Currency though i think that they didn't ditch every other Countries Currency just so that they could replace it with Bitcoin. If a Country ditches another Countries Currency I think there would be plenty of upset people because Bitcoin isn't totally mainstream yet.
i also think so that still there is not a single country who are using bitcoin as their own currency. but still we can expect that in future when the users of bitcoin will increase more and more then the government will start thinking about that. |
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Yes i like it, because it easier to buy or pay bills. It easy to put it in a investment. I like it because it helps to others an opportunity to give an extra income to the unemployed. For not to worry were we get something to use in our expenses,we have already a savings when the day comes if we need to use it. It is easy and the important this is a spent more time.
yes i can recharge my mobile and can also pay my utility bill while setting in my house, you can also purchase anything from any online shops. i think bitcoin really make my life very easy and comfortable. |
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Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
It's possible. but bitcoin has gained much more popularity and it has been adopted for mass use. and still the popularity of bitcoin is continously increasing, as we can see that the number of bitcoin users are increasing more and more, i think very soon all the people of the world will be using bitcoin. and very soon bitcoin will become the world number one currency. |
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Theres no tax is being implemented on either bitcoin or other cryptocurrencies. Government is not in control on any transactions being made on blockchain because it decentralize. Maybe you are reffering to fees if you are going to exchange you monero to bitcoin. Well, thats depends on exchange fees. Some exchange are charging low fees and some are not. You should go here https://bitcointalk.org/index.php?board=223.0Yes,I do agreed on this matter. That's why the government of each nation can't control it because of the decentralization of bitcoin has. so that there is no any taxes nor even in the crypto or altcoins. But I knew majority of the government are really planning to give any tax once they approve to become legalize the virtual currencies. But that's not I think will going to be happen. yes government cannot impose tax on anything which is not yet consider as legal, and they can only put tax on such items which are legal in a country. yes that is right, and i think government must be thinking about how to legalize bitcoin because they can get such a good amount from bitcoin if they will impose tax on bitcoin so they will now try to legalize bitcoin. i also agree with you that if the governments will consider bitcoin as legal currency then they can get a lot of tax from it. as then they will become able to put tax on alt coin also. |
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What is your exit point? Where will you sell your coins? How much % of your stack will you sell?
My plan i like to sell my bitcoin when reach my goal that bitcoin rise up to 5000$. That is my exit point to get a good profit. But i have only small stock and i want it to keep it for a long term because i know bitcoin will going up soon. to me as i am holding bitcoin for long term therefore i do not have any intention to sell my bitcoin, but i am going to in hold it for long long time and when the price of bitcoin will cross 2000 or 3000 USD level then i may start thinking about selling my bitcoins. i was planning to sell my bitcoin when it will reach to 1500 USD, but we can see the the price of bitcoin has fell down too much and now it is trading below 1000 USD level. therefore now i am not going to sell my bitcoins in any case and will hold it for a long time when the price wil reach to 1500 level. i think still most of the people are thinking that bitcoin price will increase in next coming days therefore i think you can still wait for 1500 USD level and very soon the price of bitcoin will reach to 1500 USD. |
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When the bitcoin dump just buy expect that the next is pump for example the bitcoin price now is 1500$ and it dump to 1000$ expect that the next pump will surpass the 1500$ that how it works it is 100% sure so it is fun to trade that you know what will happen next  That is now how the trading works, It is not always dump and pump fast because there is times that if a coin dump then it will continue to dump and that is what happening on bitcoin. If you are sticking to that strategy like when it dumps then you buy without analyzation or basis then there is 100% that you will suffer failure. I would do buying when the price will dump because this is bitcoin and I'm pretty sure after this dump we will see another price surge. The dump is not a permanent thing at least for bitcoin because we have seen this overcome different crisis many times. Don't fall for the FUD as they will only make you panic. you are very right but i will suggest you that the price is not going to dump any more you should invest your money in bitcoin right now other wise you will not get the chance to find bitcoin in present price. |
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