Bitcoin is interntional currency as people are using this cryptocurrency all over the world because it is healthy and easy way to handle or transfer the payments
If we look at the graph of the bitcoin since the time it was introduced to this world, then we’ll get to know this thing that bitcoin is continuously gain more and more fame with the passage of time. Bitcoin is no doubt very much capable of becoming the international currency. The only thing which is creating troubles for bitcoin is the legalization of bitcoin. If that happens, then no one can stop bitcoin from being the international currency. Yes, there's a possibility that bitcoin will be an international currency. Nowadays, bitcoin are already accessible in several countries and it has a lot of potential use in different kinds of transaction online. It is starting to be recognize by an increasing number of people worldwide. Given these facts. I believe bitcoin will be an international currency as long as it continue to be accessible in more people and countries. The popularity of bitcoin is keep on growing that makes the government think for making bitcoin as a legalized currency because Japan was one of the first countries that did this on bitcoin and it resulted for a huge growth in their country since there is a lot of stores that accepts bitcoin and it gives benefit for both of the stores there and also for the people. So it is like a win-win situation for them. Although the volume trading and the popularity of Bitcoin in Japan are raising more, but honestly, I do not see the economy of Japan also grow as the growth of Bitcoin. They need to have more time to develop and seach the way attract more users. Bitcoin is new currency with the people in Japan, so they need to have time to get used to it. |
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I would disagree to some part, and are you really sure that bitcoin will control the world economy? how is it possible? If you would let money run over your entire life and let it decide for you then you're worst. Your principles as a human being must be the ones to take the lead, not material things, although this has been talked a lot in the forum, bitcoin can never control the economy, it will probably circulate in the economy, but cannot manipulate people.
I won't agree you mate.Many are earning their life source with the help of bitcoin. Even I had quite my job and start to earn in bitcoin. I was doing a trading in bitcoin and gain a lot of profit. So many people monthly income is based on bitcoin now,so by this the bitcoin impact the world economy. Many people are depend on bitcoin for their basic needs by considering it has a monthly income. Because they are the unemployed and do not have any job to work in real life. I have a lot of friends, but to be honest, no one is ready to gives up its job and become the worker spend all time to work or trading Bitcoin. Only some friends are the unemployed have same case as your said. |
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Bitcoin is a very popular crypto coin today, we know that Bitcoin will be very expensive in the future but I imagine if Bitcoin die, whether there will be hope for the future of altcoin? because most altcoin exchanges are to bitcoins your opinion is highly appreciated.  That depends on the cause of death of bitcoin. If the cause of death is due to a law or something that is imposed by the government, then of course all altcoins will die as well, but if it's due to credibility and competition then altcoins may live as well, one from those altcoins will become the new bitcoin. That's what I think. No, the government can not make any cryptocurrency die. Because this is decentralized network, system, as long as there are still have a little of users using this currency, it never die. The blockchain system of Bitcoin is very intelligent, it can changes its system to fit with total users are using Bitcoin. |
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Cold storage is the process of storing your Bitcoins offline. This is the safest way to store Bitcoins, especially when it comes to a large number of coins.
There are several methods of cold storage:
1- paper wallets
2- USB storage devices or other forms of standalone storage media
3- offline hardware wallets
4- Fragmented secret keys
Although cold storage is undoubtedly the safest way to store your Bitcoins offline, it all depends on the safe storage of files or private keys that, if lost, will disrupt access to your coins. In addition, using a wallet on the desktop can be quite difficult for non-professional users, so carefully follow the instructions and use more than one place to store your files
How to create a cold wallet storage you can find out by yourself. Now, there are a lot of useful step-by-step instructions that will help you.
As far as I know, private key and 2FA can not use same time. You need to create your private key first. Then, find services can provide 2FA to protect your data without internet. Finally, put your private key in this folder and keep for long time until you need to use. |
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I think it would be better if we just let children enjoy their lives. Since they are still dependent on their parents, they don't need to learn bitcoin ASAP and as technology advances and bitcoin grows, I think they'll know about it at the right time. In regards with teenagers, mostly they are into web browsing, side job hunting and tech exploring that's why it might be easier for them to learn about bitcoin with just little supervision. Just teach them the basics, how bitcoin works and what can we do with it, as long as they get interested into it, they will make a way to learn more about it.
Yes! I agree with you let the childrens enjoy maybe they will understand it in the right time. Teenagers now is more hi-tech so if they really want to learn bitcoin they can just browse in the internet and try to teach them and guide them to the way of success. Nowadays, children and teenagers also need to have money for their life. In my country, just because they do not have money, they can become the criminal to rob money from others and it is really bad for their parents and society. But, Bitcoin can gives them a lot of opportunities to make money without any limits. |
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In my opinion Yes, Bitcoin is money because i can buy things i want using Bitcoin of course i need to exchange it first to cash but that is easy to do as long as you have a virtual debit card like wirex. You can exchange Bitcoin to any currency fast and easy and used that virtual card to shop online.
Yes me too, I agree that it is a money, money in the internet that you can use to buy things you wanted online. Bitcoin already help many people, for there financial and everything they need. Some other people tell that Bitcoin make them rich, On the very first place I got really confused about this but when I already know the uses of bitcoin then I was really surprise. Bitcoin can exchange into cash like what they say and that was a very big help for us. Bitcoin is cryptocurrency so you can exchange it to other currencies anytime. You only need to find buyer in exchange, all functions from exchange can provide you a services automatic convert to FIAT with low risk. Bitcoin can helps owner become the rich because they could holding Bitcoin with cheap price before its value increases. Early birds of bitcoin is damn lucky especially when they still hold until now their bitcoin and sitting on their profit as we know the fact that bitcoin price before isn't that attractive. Bitcoin is money or a currency for me that it help me supporting my financial needs. In my opinion, no one can holds all Bitcoin bought at few cents and still holding it until today. Everyone needs to has money for the life and for such a long time like that, no one can does that unless this person is the psychic.  |
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Most of the government system today tries to regulate the usage of Bitcoin but they can't and will not ever regulate it. They can adopt it as form of payment for faster transcation. I believe in the near future most countries will adopt digital currencies.
The thing is governement control or try to control people and tax them. With bitcoin they got 2 reasons reasons to control bitcoin. Which makes bitcoin vulnerable to new regulations. As you can see many governements already tax bitcoin income. The government did not tax Bitcoin. They only tax the cryptocurrency exchanger, the user of these exchanges and the cryptocurrency miner. They are the people need to pay the tax, if you are only a holder of Bitcoin, no one know you are holding it because the Bitcoin system is private system. You can know the amount of Bitcoin in an address, but you do not know who one has that amount. |
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I think people are saying it's gambling in the sense that the currency fluctuates a lot, and you cannot more or less reliably predict the trend. Other than that, it doesn't have anything at all to do with gambling, it just another currency and another form of investing.
The people who invest in anything which are new to the market are taking a big gamble as it could fail big time and in a sense it is a gamble to put money in an investment which is not backed by any fair market rules and regulations,no doubt it is a crypto currency and so is the reason it is a big gamble,people has made a healthy profit investing in it,but its another story. Investing in anything without brain, strategy and cut loss position, they are the gambler in anything and Bitcoin is also the place for those people play gambling. Why do I call they are playing game? Because they are putting their money for a gamble high risk while they do not know it is risky. They only want to make money without any loss and this is the advantage for other traders earn profits from them. |
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Hello im newbie and i dont have any experience as a trader.Can you discuss some solutions for my problem?
Do what most of the beginners do in everything they want to try, "RESEARCH". Try to learn first the concept of trading, the do's and the dont's. Try read and understand all about trading but not everything you read will let you apply in the real things, most of the times, the experience is the best teacher in such field as you will learn a valuable lesson that will help you to have better trade decisions. Save all your time to learn the knowledge about trading, cryptocurrency, the definition about economy, financial of the world ... are the requirement to help you become a good trader. Although I am not a good trader, but I know the method to help a person can become good trader, these things are important for your journey. Because someday, these things will help you understand the scenario and the whale's thinking! |
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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?
I don't think so. Bitcoin is the first cryptocurrency and the value of Bitcoin now is much more than before. It's like a gold in crypto world. It seems so. Despite I am agree with you, we should try to be a bit more objective. As bitcoin showed us nothing is impossible, that literally means that some other coin can take the lead in the future. But at the moment, nothing seems strong enough to do that. Exactly! Bitcoin is strongest cryptocurrency in this year, but I thought Bitcoin will not keep its ranking in next few years. I want to use a currency can provide me a system is always stable, but Bitcoin can not provide for me a system like my wish. While, Ethereum, Ripple, Monero, Digibyte are the cryptocurrencies have high liquidity and the speed of transaction confirm always better than Bitcoin. |
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Its funny..Everyone saying how Bitcoin is to replace the current money ruled by the government. But the only reason Bitcoin is traded to gain the money everyone was so against.
So you noticed that, too, huh? Those bitcoin ideals went out the window about $6000 ago.  I think that a lot of the core believers/first adopters of bitcoin probably still cling to those ideals. But most people involved in bitcoin now are here to make (fiat) money. Who wants to invest thousands of $$ in a commodity that has no safe guards to prevent theft.
As long as you secure your own bitcoin, it's one of the safest investments you can have. I worry more about losing my bitcoin (sending it to the wrong address, forgetting my passwords, etc.) than about it being stolen. We can't say that bitcoin is always in bubbles because no one can control its price. Yes it is now in bubble but it doesn't mean that it will not stop climbing. As the day goes by, different prices changes and we don't know if people still continue to use it or leave it. I believe that the bitcoin price is only depends on the number of people who join it and work hard for it. Gold is still call a bubble, so why does Bitcoin not call is a bubble too? Bitcoin and Gold are the bubble in the market. Because the value of these assets have pumped a lot of if we compare the highest price and current price to the old price. But, as long as the price of these assets still high and the investors still want to buy more, the bubble will not burst. |
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In fact, we can't stop crime and money laundering. Criminals are not stupid people, they are complacent with their communications and use it to harm others, criminals are always looking for and using anything, bitcoin is an example...although bitcoins bring a lot of benefits to our lives, they also benefit criminals. A clean currency is stained.
Money and criminality is a direct relation. If you have a bitcoin then its mean you have a money and you can do anything with a money it depend on your used. If you want use your money for your criminality then you can used and if you want to use your money for good work then you can use. Simple, you can understand we are the controller our money, Bitcoin and Dollar or other currencies are the tools to help the world have a means to transfer money. Depend on our purpose, the currency can be the evil or angel in the eye of people. |
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[Edited to make it more understandable question] What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.  If all nation is using one currency, I think, this is a big burden to all of us. You know why? Because we cannot dictate of our currency rate is increasing or decreasing. We cannot notice if our economy is going up or down. Having too many currency in the world is very important, it is also the one of the basis if our economy rate is increasing or decreasing. Having too many economy in the world will also helps other people to earn and gain money. Not only that because if there is only one currency there would really be a competition on each country to accumulate as much as they can because it would really symbolizes power if a country would really have the most possession of such currency which would really mold up chaos because superiority would really be there.This is why this thing is impossible instead of uniting on most countries it would rather create chaos. And almost the government do not accept share their power to other countries. Example if we use an international currency for all countries in the world, who are the people manage this coin? Because this person will become the leader and have all profits from this currency. |
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"Japan: No Bitcoin Tax, Thousands of Stores to Accept the Cryptocurrency" article published July, 5, 2017 https://edgylabs.com/2017/07/05/japan-no-bitcoin-tax-stores-accept-cryptocurrency/"AirRegi is a widely used, tablet-based point-of-sale app in Japan. Currently, around 260,000 establishments, stores, and commercial facilities use this proprietary app to accept payments from their clients." It makes sense that a transition to accept bitcoin would be underway for more US-based stores. I am not sure when will be the time that more retailers will accept bitcoin. Japan is really incredible because many stores their are now accepting bitcoin. I am sure that many businesses in the world will accept bitcoin. The business can accept Bitcoin anytime, as long as they accept the risk from volatility of the Bitcoin price. Beside that, the Japanese government accepted Bitcoin with a purpose to become the first country accept cryptocurrency. You can see only accept Bitcoin helped this country received a lot of capital from investors to cryptocurrency trading market. |
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Banks do not fear cryptocurrency. Most likely they do support cryptocurrency because they can also use it as an alternative way of getting investment in their banks. Without a bank how can digital cryptocurrency become real cash . So they are both even and there is nothing to fear of such things. They both need each other and they are also related as other currency here all around the world.
I agree with you. Why should Banks have to fear cryptocurrency? Almost every family has to have a credit card from a bank. Banks have also existed for a long time ago. Cryptocurrency have just been popular recently. Moreover, kids also know about Bank at 4,5 years old and they don't know anything about Bitcoin. Bitcoin may have another bank on the internet. Bank for Bitcoin??? So funny! Do you understand the decentralized network of Bitcoin? Bitcoin can not have Bank and the banks also can not apply Bitcoin for their system. Both are different and each other's opponents. |
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This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.
I dont think that government can stop bitcoin because bitcpin was a international cryptocurrency that even government cant stop the continuously upgrading, promoting all cryptocurrency just like now many investor was waiting and waiving for the time to invest in any altcoins so that many of users was cant agree to that plan of government. Currently, the Bitcoin community is still small and if all the government cooperate to kill Bitcoin (stop it), they can do that because they can stop provide electric for Bitcoin miner => The worker to confirm the transaction of Bitcoin will not have electric to run the mining farm => No one can transfer/receive money through Bitcoin => Bitcoin dies.  |
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you are right because if we back 6 months price up from 3,000$ to 7,000$ so it is easy to up from 7,000 to 10,000 in next 10 months
If we look at how it was increased last 6 months then yes it sounds like it will hit $10k easily but it wont be as easy as you think. If you only look at that way, do you think it will hit $49,000,000 in the next 8 years as it was less than $1 on 2009 and it is now around $7k? This is not a calculation and a rule fixed. You forget everything can changes anytime as long as the mentality of people want to change. The people are the reason can make the price of Bitcoin will be high or low in future. And behind the normal investor, the whale are one of the important roles to decide the Bitcoin value. |
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After the events of last week.
I was making this suggestion to some folks yesterday, but they claimed that bitcoin is too small. Does it matter?
Yes. Because bitcoin right now is attaining great attention and popularity all over the world even after being banned in China, it still managed to recover and the sudden pump was actually surprising. The users of bitcoin also right now has been increasing greatly and even the investors too so we should expect that sooner or later, bitcoin will take over all the other currency in the world. Exactly! There is no reason to deny this fact that the bitcoin is having a very good reputation not only in the international market but also amongst the investors. But the thing is till the time bitcoin will not be declared as legal, it is not at all possible for bitcoin to become the strongest currency of the world. Our governments have to think about it seriously if they want to make out maximum profit out of it. If you are really understand the nature of Bitcoin, it does not need to have the government. Because it against all the profits, power, nature of the system are managing us - the government. The fact, Bitcoin is a currency should not to exist in the world, just only its existence, the world has enough reason to become mad when the government no longer occupies an important role. |
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For 1 Bitcoin to be worth $1,000,000, the total market cap of Bitcoin would have to be $21 trillion dollars. What are the odds of this happening?
For reference, the amount of physical $dollars and coins in circulation are around $1.2 trillion. The global M2 money supply of all currencies are around $45 trillion. The market cap of all mined gold is around $7 trillion.
Will 1 Bitcoin be worth a million dollars? Half a million? Thoughts?
Based for the statistics you pointed out, I am convinced now that one bitcoin will never be worth as much as one million dollar, except of course if the dollar became a banana coin with hyper-inflation making its value close to nothing. Bitcoin does not need to increase its value to a high price like 1 million dollar and get trouble to calculate the value for daily using. Bitcoin is an asset but it is also a currency. I do not hope Bitcoin will become only an asset and give up its first nature of Bitcoin created by Satoshi Nakamoto. |
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Yahoo was the first (?) search engine at the time when Internet started. It was the pioneer in its field. In the late 90's its market cap reached to a high closed to $120B. Three and a half years after Yahoo started, Google came out and gradually took away market share from Yahoo.
After 22 years, Verizon bought it for $4.8B. Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?
What do you think? Please provide your reason(s) to support your view.
For me Bitcoin will not ending up like yahoo in the future. I think that will not happened because there are so many people who like bitcoin. Everyone are like bitcoin because bitcoin helps people to be independent and to be rich and successful so that i think that will be not like yahoo. I do not know other still using Yahoo or not, but I'm a user of Yahoo in many years and still using it product until today. It helped me many things and when I need to have a service mail can give me more trust than temp mail for my job, Yahoo is the my choice for store and receive mail. So, I do not think it has ended. |
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