Oooh, good question!
When a satoshi is worth $1, a bitcoin will be worth $100,000,000!
The second question I cannot answer, but I'm sure some other bloke here can!
haha. if 1 satoshi is worth $1, I think bitcoin users will be happy. and we are waiting for that, the increasing price. however, I think you probably mean what if 1 bitcoin is worth $1? cmiiw. |
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Installation of Bitcoin ATM doesn't look to be a big news. Recently Easybit place four new bitcoin ATM's around Texas to make users feel convenience. Those ATM's help in all sort of needs from stationary onwards. One among the ATM is in a gun store which helps users buy anonymously. It has got around 41 Bitcoin ATM's around the globe.
I think I would have to disagree to a certain degree. A lot of people in my country still get hyped when new Bitcoin ATM's are released because we literally have 2 of them in our whole country. However, for the more bitcoin friendly countries like America, Bitcoin ATM's are definitely not a new trend and a lot of people just see it as good publicity for Bitcoin. And it is not like many people are actually use them, the rates they are offer are way worse than any exchange. But 41 ATM's all around the world is actually really good. Great to see that Bitcoin is spreading out and reaching new places. so it depends on the context of place. if the place have a lot of bitcoin ATM, the citizens would act as usual, but for a place with no bitcoin ATM or a few ATM, and people who never see a bitcoin ATM before, it is very excited to see one close to you. |
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I use my bitcoin for many things. I use it as capital for my offline business (selling stuff), I save some of it as investment or when I need money I can use it, and I buy things with it but I convert it first.
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the article is good and very inspiring. I just want you to edit some words like "The short answer is don’t do it". I think it is not good for a newbie who has high curiosity about bitcoin. who knows that those newbies has big budget so they can mine. just give an explanation about the difficulty and the profit of being a miner.
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when I first read it, I thought we need to type a text in the app, but after reading it twice, actually we just need to talk. wow! it is really cool for me because I am sometimes lazy to see marketplace spot.
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Which platforms do you prefer to buy Bitcoin? Generally, trade sites, localbitcoins and bitcointalk sites are used.
Are there any platforms you buy bitcoin besides these?
I only use local platform (vip.bitcoin) and sometimes trade with a local trader. I do not trade or buy from the other platform, but trusted and cheap one because sometimes the other platform give high fees. |
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trading is good, but you need skill of predicting the marketplace, good strategy, or good analysis. in the other side, mining is more profitable, but you need more time in front of your computer, more budget, and skill. just choose one depends on what you get.
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I think you miss understood me sir . I have my own ideas that i want to sell or put it in work . I am aware of the other services that offer jobs or offer to be part of there team . But they already have an idea that are working on it.
just go to service section and create a thread about your idea or looking for those who have skills you require. then discuss with them how much will you and they get for the project. I think it will work. |
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War would see an increase in bitcoins price but a natural disaster? I'm not sure. It depends how many places it affects since if it's just a small country or a few islands it wouldn't affect the price at all even if the people there had to spend all of their bitcoins.
natural disaster such as earthquake, tsunami, and the other big disaster will affect internet connection, and if the disaster is in the country which citizen are mostly bitcoin users, I think the price will decrease because of course demands will decrease too and spending bitcoin will decrease either. |
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What possibly could be the best way to get Cash in hand for your Bitcoins? Maybe in one country or to another.
Keep the safety and speed of the transaction in the mind.
You can sell in this forum by opening the sale thread or else you can go to localbitcoins a bitcoin local selling exchange where you will find lot of users who are dealing in cash in hand just you have to contact your country users and deal with them, but just be careful of taking some precautionary steps before dealing in cash in hand and do trading. I think exchange bitcoin for cash in hand is better with trusted sellers. you can ask about them in your local sections here. then you can meet him and exchange your bitcoins. I wonder why would you exchange your bitcoins for bitcoin? |
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a few years ago there were threads telling that bitcoin is dying, but it survives until now. and there is such thread, but in article form, telling us the same thing. I think it would be the same as few years ago. bitcoin doesn't die yet, it just faces hard time.
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Please i would love to know how a newbie can make Money on bitcointalk. It will do me a lot of good.
I think newbie can make money here by just reading many tutorial in earning bitcoin. Joining signature campaign that accepting newbie. But of course if you are a newbie, they pay small amount of bitcoin than other higher rank in this bitcoin forum. And lastly selling your service like translating thread in your local thread. I would not suggest signature campaign for a newbie account, but full member one. however, newbie can earn bitcoin from service section where you can find a lot of services you can do in order to get bitcoin. |
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it is not good, and it makes a few people give up on bitcoin or do not want to invest their money in bitcoin, in this term, the new users.
however, this probably would impact more and more on bitcoin system. and I think the solution is not coming in short term because it is a little complicated.
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I live in a democracy country, but the government do not support bitcoin to be legal currency, but it is not banned too. and I see some people still use bitcoin as an investment because there are not many things to buy with.
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Hi Everyone, We come to learn that Bitcoin adoption is rapidly growing in Africa. Analysts say that Bitcoin could be a solution to problems in Africa including remittances, economic difficulties and even corruption. If this would be successful for Africa, would it do the same for other countries too? What can you guys say about it?  How can it be? I mean, most of the people in Africa do not have a chance to interact with common technology like smartphone, television and internet. How can they able to use Bitcoin widely in the country? Of course we can send Bitcoin to help them, but using Bitcoin in Africa is a big problem. I doubt that Bitcoin can affect and make the life of people in Africa be better I wonder that too. actually bitcoin system is good for a country, imo, but how could Africa be successful with bitcoin if they couldn't even access internet? if they just know internet and can access it, I think bitcoin can help the country. |
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I live in Asia, and I use bitcoin even bitcoin is not totally legal here, but we can use bitcoin because there are many people sell and buy it. besides, Indian, Indonesian, Arabian, Korean, and a few countries in Asia use bitcoin. you can see the country sections in Local section in this forum. |
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bitcoin price can increase more than the present price, that's why many people hold their bitcoins and wait for the higher price even the price less than or more than a diamond because some people realize that.
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For this to work, you would have to have close to 100% of the miners colluding with you. If not...
The blocks that are not mined by the colluding miners would be full of high fee paying transactions that are all legitimate transactions in the eyes of the non-colluding miner. While the blocks mined by colluding miners are partially full of legitimate high fee paying transactions and partially full of transactions crafted by the colluding pools to increase the overall transaction fees.
Therefor, non-colluding miners would be earning more per block as all of the fees in their blocks are actual income. The colluding miners would be earning less per block because some of the fees in their blocks are just their own money being returned to them.
Eventually the non-colluding miners would be able to purchase more hardware with their greater profit and slowly erode the colluding miners percentage of the network.
yeah, to do such thing, it needs big power including most miners. I also thought that it should be planned by some people, but it is too fast to conclude it. however, some points you mention can be possibilities of this attack. |
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to be the earlier adopters, I think it should be difficult because the tech was developing, and of course there would be money loss. however, it is the risk in business field. there are loss and profit. it depends on your destiny. there will be the good thing beyond that.
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It is difficult decision, imo, after 3 years promoting bitcoin and it has to end. I also think even bitcoin has the other good feature than credit card or bank, but many people are not comfortable with high fees while they can do transaction without paying fees.
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