Well im pretty sure when we reach aroun d2020 at 2050 we will start to see full potencial of bitcoin,at 2100 we will just be collecting it and its value should be the biggest recorded of bitcoins history.
maybe by that time something better that uses far less resources takes over bitcoin's place. it's something we don't know. maybe the current blockchain is very outdated by then. |
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I don't understand if banks create their own blockchain then who will the miners be?
they will simply run very expensive hardware to do the "mining" work for them. it's not that different from current miners validating transactions. |
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let's focus on breaking through the $250 level first. i think there are too many sellers that will prevent it from going above $250 at this moment.
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at the very beginning i have used to do emotion based trades. they only weren't that successful. that's when you see that way of trading isn't helping me.
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i am definitely a believer of bitcoin and its potential to change the way we do payments on a global scale. what other say about bitcoin is their problem. they clearly don't see what we see.
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First, 0,0000000001 does not exist. Bitcoin only has 8 decimals. You should not think in decimals at all. It matters which term you use. Lets say you want to buy 1 Satoshi, so it's 0.00000001. You can divide 1 BTC in several units which are all without decimals. 100,000,000 Satoshi or 1,000,000 μBTC or 1,000 mBTC My guess, in the future, we will think about more in this three units instead in Bitcoin. Its just ugly to buy an egg for 0,0000000001 something like 0,5 would be better.
i guess we'll find it more useful to at some point only use mbtc. it looks better than splitting everything into satoshi's and it's easier as well. |
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it's purely that china has very cheap power rates and the fact that chines people like to go big when investing in something. the only downside to a lot chinese investors is that they are very short term minded.
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lately i find myself using bitonic.nl more to buy and sell bitcoins than actually using an exchange. i don't daytrade anymore so it's the best option for me. step 1 buying btc from bitonic and you'll get them in your wallet instantly. and once the price is high enough to make profit i simply sell them. if i sell them in the morning i receive the money the same day in my bank account in working days.
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chinese exchanges tend to over-buy more than other exchanges. that's mostly why bitstamp, bitfinex and btc-e don't follow their path.
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for people who don't care about the technical side and only want to send and receive money, it is very easy. you can get to know the very basics of bitcoin within 30 minutes. if you have in depth interest in the whole protocol, then it is a different story. |
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bitcoin like it is now, is different from all the other payment services and debit card companies. that's why we like it. if too much is being changed to suit the needs of average joe's, then what makes bitcoin exactly different from paypal and so on??
Yup but the question is not whether you like it or not, the question is will you still use it? yes, i think i will still use it but in a different way than i am doing right now. especially when you do business with unknown people. |
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Around $300-350 in my opinion. I think that many countries will face an economic crisis in 2017, like Brazil and Bitcoin will definitely benefit from this. However any day there's a chance that a new cryptocurrency/technology backed by a big company or country takes its place.
could be, but bitcoin has been here for years and it has proven to be a great way of making payments. every competing altcoin will dry out at some point. |
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i haven't lost any faith and nor will i in the comming years. i am very patient. if this year isn't the year for a small rally (which i think is the case) then we'll have another attempt next year. no problem. the halving/lower supply will definitely affect the price in a good way.
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a new ath surely won't happen. i think it's reasonable to see a price of $350 and after the halving has finished a slow price growth.
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bitcoin like it is now, is different from all the other payment services and debit card companies. that's why we like it. if too much is being changed to suit the needs of average joe's, then what makes bitcoin exactly different from paypal and so on??
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- Just send it to a exchange and trade it for Doge. - Move the Doge to a other exchange. - Trade the Doge back for BTC - Send the BTC to a new wallet. Simply as that.  if you send for example 2.68btc worth of doge to various exchanges, and then withdraw the amount in btc 2.68btc directly to your wallet it still might be tracable as people can simply search for 2.68btc transactions. best is to wait a few days and withdraw it in 3 steps. |
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i was also trying to generate a unique bitcoin address. but after nearly 6 days of non-stop letting my pc run, i stopped it. it's just not worth the time.
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i have by mistake added a 0.001 fee instead of 0.0001 and it didn't get included in the first 3 blocks. paying 0.0001 is more than enough and gets your tx confirmed within 2 blocks. probably because multiple low amount transactions were included.
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lending is waiting a fairly long time with a small interest percentage as reward. especially when there are very experienced lenders out there that are asking for very low interest rates. |
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I don't think that it is possible to earn a living online, unless you are living in the United States or Canada. That said, if you have good English / German / Italian language comprehension and standard writing skills, you can supplement your regular income by writing articles. There are other options as well, but none of them will give you enough money so that you can dump your regular job.
Why tho? All that matters is what amount of traffic you get and from where it comes from. As long as you get quality traffic (quality = from developed countries such as USA, Europe and Canada) you will get way higher conversion rates per thousand than what you would get if your traffic was coming from like Venezuela or some poor country, but where you live doesn't matter as long as you manage to get the quality traffic. if you have good enough skills that get the interest of people, you'll get quality traffic from various countries easily. but it's probably not enough to live from as single revenue stream. |
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