Bitcoin is much more better than PayPal because bitcoin is a volatiles currency which you can buy and store and your money will increase when the prices are up,PayPal have been bastardize a lot of hackers now have access to PayPal account, it security have been compromise, and also it is a reversible currency not like bitcoin
Regarding security i could say that bitcoin does really have an advantage since the entire chain or code cant really be hacked unlike on paypal which is really vulnerable to hacks same as you said and regarding on the services that they gave i could say bitcoin still get the spot for me. |
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Trading is not easy and its very unpredictable that is also why its a high risk to invest in it but also very profitable it goes well.
Trading is for the expereinced personals. If you have experiecne in trading than you should go for it. But on the other hand if you feel you are not comfortable in trading, do not indulge in it to lose your money. Rather keep you bitcoins save and their value automatically increases with passage of time. If you do have a passion on learning trading then its not really a wise thing to do that you should quit directly if you suffer losses since its really normal on the learning process and professional traders also experience that thing thats why we should not give up and learn up trading if you really want to learn for long term.It may takes time but it would be worth it. |
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For me i think it is created as business but now this is not only a business this will be like charity that all people can get money by doing some work in bitcoin and most of the users now are doing investment
Nope,its was not created for business purposes but bitcoin is created for peer to peer transactions which you could able to read on the white paper of bitcoin.You will definitely saw the reason on why bitcoin was created and now we are experiencing the benefits of it besides on its main purpose which is really great for us users of it, |
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Thanks for all of your suggestions . I would use LocalBitcoins but does that transfers the BTC to the Bank Account ?
You cant directly transfer your btc on your bank account since you would need to exchange it first into your currency value before you would transfer it and if you find this is complicated then its better to have an option on having a bitcoin debit card which is helpful too regarding on this transactions. |
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Bitcoin doesnt have tax but i does have transaction fees but that isnt much to worry since its just a small amount and also bitcoin is decentralized and government couldnt really imply or impose taxes on it thats why some government doesnt want bitcoin to be adopt on their place.
Bitcoin asking for tax? i think we are just paying for transaction fee but for tax i never heard that they are asking about the tax i think you are in wrong thoughts.. you should know that we are still not legal means bitcoin can be still say as illegal.. I didnt said that bitcoin is imposing tax in the form of fees and as you read on my statement bitcoin doesnt have tax and government couldnt able to impose taxes on it but it has transaction fee.I didnt say it has tax.lol. Bitcoin is uncontrollable and as mentioned above i do agree with it that even bitcoin can be taxed but the exchanges have been regulated by the government. |
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Yes we can encourage local businesses to accept btc, and before that you should be able to orient the one who managed or owns the business. You will be explaining the to him or her the importance and advantages of bitcoin to the market today and its impact if they adopt it with selling their goods. So first of all you should make the owners of the local business to learn a lot of strategy on how they will earn good profit through bitcoin if they used this as a mode of payment although bitcoin price is fluctuating and not stable, there maybe times of peak price so that thing should be learned by those business holders.
Lets say you succesfully convinced the owner on accepting bitcoin on to your place but the adoption of bitcoin on there is almost zero then it would be useless but still you could able to benefit that since you do have a bitcoin to spent on that store but well its still okay because people would find it no matter what and got curios about it and would tend to know what is bitcoin. |
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Bitcoin doesnt have tax but i does have transaction fees but that isnt much to worry since its just a small amount and also bitcoin is decentralized and government couldnt really imply or impose taxes on it thats why some government doesnt want bitcoin to be adopt on their place.
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Hi bitcointalk,
I have about 100 eth on my ledger wallet, should I convert them to bitcoins or stay in ethereum? Should I go 50/50? Or go all in on one of them?
What are the pros and cons in this violent market?
Please share your two cents
Well it depends on your interest if you like to store eth and hold it for long term or exchange it to bitcoin on current price and hold it for long term.Since its your own coin then its your decision on what you wanna gonna do on that.For me on your situation i would exchange it to bitcoin 100% since price now is moving fast. |
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Even if bitcoin price increases or not, i hope it will not fall below this value. The price fall before two weeks occurred due to changes in china. But, bitcoin has recovered from it. So just hold your bitcoins and dont sell it for fiat or altcoins.
I think depend on strategy of investments into bitcoins if people buy bitcoins for trading altcoins should they sell bitcoins to fiat for talking profits because couple weeks ago altcoins was down trend, today is time taking profit for traders altcoins, and for the people who make Investment for long time should they hold the bitcoins. Well, good strategy leads to good profit. If you are wise enough, you will have an ability to draw your own strategy and use it for investing bitcoin. Currently, the prices of bitcoin are increasing again and let's wait and see how much it can hit. Altcoin is not as stable as Bitcoin and I suggest you should not involve in them because their prices can drop in any time due to pump and dump Thank you so much for your suggestions, unfortunately I will not change my strategy of trading altcoins because it can make profit consistently from trading than new strategy of trading that must be tested and it will need much time and taking high risk for try new strategy. Well no one forces you to go out of change plans regarding on your trading style or on which you are trading and if you are profitable in trading altcoin then its good as long you are making money with it then no one could able to stop you from that.Atlcoin trading does really give decent amount of profits if you know how to trade it. |
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What do you guys think it would happen if all the governments in the world declared bitcoin to be illegal?
How do you think the community would react? What could be the possible solutions?
Ban on Internet is hardly a problem. Nice example is porn, countries try to ban it but no results. Suppose Bitcoin gets ban, what you think this forum will end? Indeed not, Bitcoin will keep going as it is. However, people may not able to exchange it for cash but still it use as digital currency will aclaim overtime. Bitcoin could possibly be banned but people would still use it no matter what as long they saw the benefits and opportunities that it give to them.If bitcoin is banned on your your country you could still make hidden transactions by using vpn.It would be really still useless even they cant encash their bitcoin on their country they could anytime to exchange it directly from other people. |
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I do not agree that banks will disappear because banks provide different services for its clients from loans, savings account, mortgages and easy secure money transfers, and unlike service providers like blockchain which have not got to be adopted by our governments... we shall still rely on the usual fiat services.
That's the true fact, banks still continue to be used as the financial supporters as well the backing of the country's economy. For this reason fiat won't be replaced by digital currencies which evolved as an alternate solution for banking needs, which is slowly spreading to make everything digitalized. I also think that banks along with fiat currencies will continue to exist for a long time, not just because of the financial supporters, but the reason also lies in the fact that fiat money is somehow still the origin of bitcoin, and without fiat money, bitcoin won't have anything to compare with and it won't have any value then. Also, fiat money plays a big role in the economic world, so it's hard to change this. I agree, and I do not understand why people on bitcoin forums are so dramatic about banks and fiat! you can never see this in real life or in anywhere else. I mean I get how we all like bitcoin and are using it, and even many of us would love to live of bitcoin only but still we are happily using banks and fiat everyday without blinking and we want fiat gone, that is what I call paradox! You are correct why people do keep insisting this kind of question related to banks and fiat and they are soo much affected on the creation of bitcoin which they are already thinking impossible scenarios might happen in the long run.I could say banks would still remain no matter what as long there is fiat it would stood still.Bitcoin is just an alternative and wont replace fiat. |
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Can I find 1 BTC? Which device I need to buy for this. And how long can I find 1 BTC out.
I know we need to invest a lot in mining. But I want to know what to do for 1 BTC.
For simplicity sake, just buy one off from exchanges, or other people. This is true,why wont bother on mining since you could able to buy whole bitcoin from exchangers or from other people.People mentioning above its not talking about pc mining but ASIC mining which is do really require on mining bitcoin but if OP would see that mining is complicated for him then the best way is to buy it. |
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altcoin can make known a lot of people I think it is not easy, which would require substantial capital to be traded, his guess you've already set up all that has been under consideration.
Its not that easy to make any cryto currency since bitcoin is already well stablish for several years but its not that actually well known to people nowadays. Maybe you can study a computer course related to programming of digital currency if there's a school offering it, or do a deep self research of your own. If that time will come you stablish a new crypto currency I'm pretty sure that there is big challenges will happen as you introduce that cyto coin to the market of bitcoin competition. You are right creating a new coin or crypto is really hard and it wont really be an easy stuff because you would really need to have a good knowledge regarding on programming and it would really take time to gain those knowledge.You are right there are lots of coins now which you will really have a hard time on making a unique coin. |
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Still the bitcoin is vulnerable to crash but not big like the one that happen in 2013 and in bitfinex hacking. Some factors like increased acceptance, limited supply and uneasy world economy will continue to push the bitcoin price upward.
The price of bitcoin wont crash like we have seen earlier because the volume and liquidity are really high than we had in 2013.The prices are recovering as we speak and i am sure the price will cross the $1000 mark in a couple of months time. This is true bitcoin wont crash its price just like on 2013 same as you said because it do really have a good support and now it gradually increasing again and reaching again the $1k price which really makes me excited thats why its the best time to buy more bitcoin if we like to earn profits when bitcoins price hits again the mark. |
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I would like to go with trading but in present involved with revshare,gambling.I believe that trading is the best option among all the option in the poll but present situation I'm only hunting knowledge that must be developed my skill about trading also searching here and there.Nowadays, this forum also contribution my main source of bitcoin with signature campaigns and others....
Signature campaign should be added in option ,it is really helpful and profitable to us there is no much risk in campaign especially if we are in a right company. Though if will choose among the options I 'll go also in trading or gambling. Both can be a good source especially if it researched well and following set of goals while trading or playing. Yes signature campaign is also a good one but expect you wont get big money from it and also there is still risk on joining it because you would be banned if you wont do good on the signature campaign period but if you obey rules of the campaigns and the forum then there would be no problem.I would really not advise gambling on earning money maybe trading would be a best choice. |
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Bitcoin is in the same stage as of internet in 90's. Give it some time and more and more people will start using it as the awareness grows.
It would really need time for bitcoin to be adopted even more and you are right same as internet it does need time for people to adopt it.Seeing the situation of bitcoin now i could really say that it has the potential on growing even more in the long run.If they know the benefits of bitcoin they would really got interested. |
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Some coin devs deserve money to help build wonderful new tech for us to all enjoy. Thats life my friend.
A year ago i counted 6,000 ANN topics roughly. So name ONE example (of 6,000) of a coin project that gave us.. " wonderful new tech for us to all enjoy" I can think of 0. You are right i didnt see such coin that give us new tech besides bitcoin because i do only use bitcoin no other coins could able to do on what bitcoin did.Regarding on the topic i think we cant still stop devs on making money on their own coin since they have the full control of it and i dont know why there are ICO's which stupid people are just feeding up the devs thats why most of them goes scam. |
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I dont know which coins would able to survive for long in the future since most of them usually go down after they launched but i strongly believe about LTC since its still there standing and almost the same age of bitcoin but still no one would really know if they could able to survive for more years and for sure there are new coins to be launched and would join the competition.
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I don't think bitcoin can make banks disappear, however bitcoin can make the banks starting to use bitcoin  bitcoin can make bank disappear if more than 80% of people on this planet start using Bitcoin. Bitcoin and bank are totally different to each other because banks are a part of the centralized system while Bitcoin is created for the freedom. Won't the miners just become the bank then? They would control everything. Miners and blockchain does really acts as a bank since it is the main thing which processes entire bitcoin transaction which means it doesnt really need banks after all and also there are lots of online and hardware wallets to choose from and people would really like to hold of their own bitcoin or money without trusting it to banks which we know that it is regulated by the government. |
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Hashflare is still operating cloud mining but i wont still recommend it since bitcoin difficulty tends to rise every 2 weeks correct me if im wrong which means your payout would really got affected on the long run and mean you will achieve roi on longer months to come.Most of cloud mining sites are just scams thats why most people dont believe on this anymore.
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