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Im sure if you ask around in any country, most people will not have heard of Bitcoin yet. In Indonesia, if you've got a decent English level, you could make a really worth your time wage by posting in here. It's pretty amazing. Bitcoin can change lives, this would have been impossible before we were still tied to international bank transactions. Now they could work on the side for some Bitcoins which is way higher on their country. In my country unfortunately sig campaigns are nothing but a small extra.
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There will always be more and more cryptos, because people are always hoping to find "the next Bitcoin", but the only thing it proves over time as we've seen already is the fact that there will not be a "next Bitcoin". Bitcoin "is it" and the protocol is good enough so that things keep developing in top of it.
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Nope, Bitcoin will never fail. At this point is just past the initial stages of doubt. Right now if you don't own any Bitcoins, the only possible stage is either doubt, or being bitter because you lost money with it in the past (probably on the last bubble). Long term Bitcoins holder will rule the next decade. The Rothchilds will be deprecated by the big Bitcoin holders.
How many BTC you must hold to rule next decade??  10 should suffice, if you expect a 100k price, 100 would be ideal for me, more feasible to wait 10k price 10k-100k range is a tough call, i'm not believing it for a very long time, and i don't want to wait 30 years for it... True, but owning 100 BTC is unrealistic for the average citizen. I presume that there is not going to be enough time of a low enough price that it allows the average working person to stack up 100 BTC, considering that even buying 1 BTC monthly is rare when most people don't have many savings at the end of the month. You would need 100 months. Thats too many years, the price will go higher. |
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I've had 1 BTC for a while, but after you make your own BTC, you will notice that it starts looking like less of an achievement. You will want more and more and more. Right now I will never be happy with my stack until I have 10. And after I have 10, im sure I will want 20. There's no stopping once you make 1 BTC.
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Of course it is possible with some trillions invested in BTC and its infrastructure, but keeep faith after 2 years of bear market is hard.
BTC may die too and be worth 0, I think it is more likely than 1M, but most likely none of them will happens
It is indeed more probable that we see 1 million per coin than we seeing 0. The amount of fiat out there... there are hundreds thousands of trillions out there, we just need a couple to come to Bitcoin and bang, here you have, 1 Bitcoin goes to 1 Million+.We just need more whales and average day people using it. Uber is 50 billion, Bitcoin is 4 billion... do the math. |
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Why to earn real money if you can earn bitcoin? If you earn real money, where you can convert it to bitcoin for free? If you want to buy, as far as I know you usually can use bank transfer which costs much, or you can use methods complicated but maybe cheaper (like buying second life linden dollars by bank card and then exchange it to bitcoin)
What is the cheapest (and easyest)method to buy bitcoin for fiat?
I mean there are client on that site that are paying bitcoin, so it is not an issue he will pay me bitcoin to my bitcoin wallet, still even if you have bitcoin you will need to convert it with real cash because the majority of merchants like fastfood, drugstores, department store ect... isn't all bitcoins right? I have a XAPO wallet and have got a debit card attached to it. When I use my debit card, it exchanges the exact amount of bitcoin to fiat and that's all. Merchants accept it because it's VISA and they don't know what is happening behind the scenes  (and tjey don't care, even if they know, their business is with VISA, not XAPO). I have tried only POS purchase but others said that you can withdraw money from ATM as well. Maybe this can be a temporary solution until merchants start to accept bitcoin directly in the future. I have tought about this too, but I feel like I would become too addicted to shopping and I would ruin my hard earned BTC gains, so I must stay frugal. I also like to know what's going on behind the scenes, I like to know the addresses specifically when im sending and receiving. |
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I checked the price at 6pm CST and it was $303. Now it is $304.4
Never saw it just keep escalating and not dropping at all like this ever since I have been in this market for the past 6 months.
Always it would drop a bit then up then down a bit more. This is pretty exciting for the ones who bought some a week ago(like myself). It hasn't let up!
I have been following the market all day today on my second monitor. I have a Bitcoinwisdom opened all day... yes im a bit of a nerd. So what i've seen is small corrections every 2-3 dollars increase.. We had 303, 305.6, 308.something.. there were corrections each time. Someone took a big dump that pushed the price back to 2xx but the bull pressure is too strong, it seems 300 is looking like a solid floor. |
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It seems like he is going to have a relatively relaxing time on a Japanese prision petting cats and drinking Fuji bottled water, then once he is out he will still be rich because he most likely keep Bitcoins secretly hidden somewhere in case something happened. Maybe in a cold wallet or something.
Was cold wallets a posibility back in the day?
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There's no way to know for a fact how much does a single person own, so for this reason, it's all speculation beyond that. In any case, the fact that we will go through many bubble burst cycles, a lot and I mean A LOT of Bitcoins held by whales will be re-distributed among new buyers because they WILL panic sell. They are going to panic sell a lot of times, and all those times means a lot of different people getting Bitcoins, which means redistribution. At some point tho, there will be an elite of people that own 21 BTC +, and people that don't. Supply and demand, there will always be elites, so stop complaining and buy the damn thing while it's cheap, or cry later.
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In what ways can this affect BTC? "CISA passed the Senate today in a 74-21 vote. The bill is fundamentally flawed due to its broad immunity clauses, vague definitions, and aggressive spying authorities. The bill now moves to a conference committee despite its inability to address problems that caused recent highly publicized computer data breaches, like unencrypted files, poor computer architecture, un-updated servers, and employees (or contractors) clicking malware links." https://www.eff.org/deeplinks/2015/10/eff-disappointed-cisa-passes-senateCan anyone put this on layman terms? I hate all this bureaucracy terminology, im not a lawyer.. I've heard recently that they were working in a way to know how many Bitcoins everyone has. I think this is pointless, since there is no way to know, but apparently they are working hard on ways to inspect the blockchain at will. We need more anonymity. |
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I wonder actually how many japanese people would have heard of Bitcoin and if they have heard it, if they know who the CEO of Bitcoin is. I think that unfortunately TV is still very important in nowadays news, so if the average guy gets his news from TV because all he does on the internet is instagram, he may actually believe Karpeles was the CEO of BTC and he is now in jail.
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Yes indeed, have all of your coins in your local wallet, when Bitcoin starts going to the moon the exchanges may be more prone to "get hacked" if you know what I mean. I already have most of my stuff on my Core wallet, only have my 2 other alt investments in an exchange, hoping I make some gains when the big BTC tsunami starts. I just hope the low price stays for a longer while so I can keep stacking cheap coins.
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Faucets are good. They redistribute the coins to people. No one is going to care to try Bitcoin out if they have to buy it, but if you can get some symbolic amount for free to experiment with transactions, creating addresses, sending to friends and whatnot. This way it can get you interested and this person might stay arround. If the entrance is buying, is not as appealing. We need this because we are still a small community compared to the rest of the world, 2015 is still very early days.
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No one knows. The inflation rate will start becoming pretty irrelevant by abount 2027 looking at the charts, so inflation will not be a big cause of lack of stability (by behaving like fiat, im assuming you are talking about this and nothing something else).
Once and if Bitcoin stops at a certain price, and if the adoption is near mainstream levels, it will be at a price a lot times higher than the last ATH. Simple supply and demand dynamics. This includes prices like 100k to 1 million dollars, but we see this as insane now.
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Whatever you do, just make sure to buy before the halving. Most likely it will be higher than what it is now if all else is the same but the supply generated is cut in half.
I think that the price will be increased after the halving period, But saying the truth it is just too little to except a huge profit from only 1 BTCI would not consider it as a long term investment but as a short investment. people invest what they can afford. 1 btc right now doesn't seem that much, but we can surely expect it to rise significantly the comming years. unless it go to 100k or other crazy values, 1 btc can't do much to your portfolio anyway good luck waiting for 1 btc to reach 100k-1M range, there are chances that you might be dead already i want bitcoin to succeed in a time frame of 10 years max from now, we can't wait forever or people will really begin to forgot... And what do you consider success? For me is precisely 6 figures.. if Bitcoin "makes it" into the mainstream, I don't see how 100k+ is not impossible but unavoidable. It's like some people forget there will only be 21 million Bitcoins ever - the millions that got lost. Very limited supply. The law of supply and demand says that the price must go x1000 times higher and x1000 times the current adoption would be mainstream-ish. 10 years is a lot of time, so I see it as a very serious possibility. |
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As for me there is no future in paper money,cause you can`t keep $10k in you pocket.But with btc,you won`t have any troubles.
One hundred years ago, you could not keep $100 in your pocket. Today, you can easily keep $1k in your pocket. In 10 years, you can keep $10 in your pocket easily. Bitcoin is futuristic, You can keep numerious bitcoin in your pocket. It beats all the currencies. You can keep a billion $ worth of bitcoins in your pocket if its encrypted, and nobody knows its there, because they might try to force you to reveal your password. It's not the pickpocketing thats the big danger but the extortionists robbers. Or the government trying to tax the last bit out of your pocket. Everything goes to government eventually. how can they know about your treasure? the only way is if you convert a portion then they can ask you if you have more, another way is if you buy somethign every expensive in bitcoin if you buy small thing here and ther,e there is no way they can ever know about it True, but what is the point of being a millionaire if you can only buy small things with them? Imagine that in 10 years, your bitcoin stack is worth a million dollars. Will you really just use it to buy a new computer or new shoes or something? If you can't use it to buy big things and invest, you aren't really rich. Unfortunately, I don't see any other ways around this but getting taxed. So if your Bitcoins are worth a million, after taxes I have no idea how much they will be.. I assume a lot less. But you will be able to buy a house and rent it, or invest it in something else that gives you more money back. You can't do this with untaxed Bitcoin.. |
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Then why hate the centralized bitcoin (if this could possible)? Nothing will change. Nothing cannot be manipulated on it (as I know).
Because a more centralised bitcoin increases the risk of control/shutdown/manipulation by a single authority. Transactions can be reversed and address blocked if a single authority controls a majority for the hashrate. human nature is ambitious and vain, always want more and more, if this were not so, there should not be any problem on a centralized one, but this is not the case, that's why i quote that answer, because i really think is the main reason, we should fix "our own problems", before think that everything is good, posible and normal. Thanks for the comment. Totally agree with you. But if it will be not the human kind who will own the new (even better) "bitcoin" but the State (the Central Bank of the given country) itself what it will be your answer? The Central Bank of one country has very severe rules in the overall process of the creation and management of its money. At least administrative ones. Which cannot leave anyone to abuse even a little with everything which has to do with the money owned by it. Accepting here (thing that is not accepted in the main post, but let's do an exception in this case) that the human kind is be able to manipulate the technology of production or other factors not allowed in the main post.I had the answer of medUSA about this case. Now I want to understand if you will be fair in your answer or not. At least will be coherent as him in arguing your decisions and choices. Like you do in your post above.  You never know what goes behind closed doors, which is why we need open source on everything. What we know is, corruption with public money is everywhere. Ben Bernakle can generate more money at will, the money supply is a joke, hyperinflation is destroying currencies world wide, trust in dollar is lost yearly. The model is flawed within itself. It's not really about central banks of specific countries, but big groups of countries, the big market movers... a president of a country can't do really nothing, he is subject to orders. See Greece, and coming soon Italy, Spain.. they are all subjected to superiors. It's a big pyramidal scheme. With Bitcoin no one has a clear power over the other, it's just a protocol that transfers value... this has never seen before ever in mankind, that is why it's a very hard pill to swallow. |
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Implementation of games have already been made into blockchains. Anyone remembers Motocoin? You could mine the blockchain by playing the game, and get rewards. They even came up with the cool sounding name "Proof of Play". https://www.youtube.com/watch?v=aCPHtSjqNI0Really interesting stuff. So much potential. Of course I would like to see stuff like this implemented in the Bitcoin blockchain. |
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Bitcoin haters hate the fact the creator is an anonymous figure whose personal life and political views are pretty much unknown. It does us a big favor. If he was a famous person, Bitcoin would get attacked through the personality and personal views of the creator, because haters are idiots that will use whatever weapons they can to discredit Bitcoin.
This the fact he is unknown gives the dirty cleck media no one to attack. Yep, the media even had to invent that he was some poor guy named Dorian Nakamoto to have some sort of target. I wonder what they will come up next in order to be able to have an human figure behind the creation of Bitcoin so they can start dropping ad hominem and implying whatever the creator said was relevant to the fact the protocol and math is robust as an oak tree. |
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Look, I will give you just one example. Look at the mess with the Ashley Madison. Imagine if their users had an opportunity to pay in Bitcoin by staying anonymous or even semi-anonymous. I am sure many of them would choose this option.
Bitcoin can have many use cases like this one in the adult and porn industry, meeting and dating websites, etc. And I am sure it will have after the Ashley hack.
True, keeping outdated services like credit cards where they have to store all of the people's data in a server (that WILL get eventually hacked exposing to millions of people and losing tons of money) it's really stupid. Bitcoin is superior in every single way. Same for cam websites. Not sure about escorts tho. A escort might still be safer with cash because it doesn't have a public ledger... that's why we need stuff like confidential transaction, and higher anonymity by default. Bitcoin is not fungible enough for someone like a escort to see it as better than cash. |
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