1. Its gaining mainstream credibility as industry players consider it as the new gold Bitcoin has many of the same qualities of gold, whose value is not controlled by governments. 2. Many investors and finance industry experts are serious about the promise of Bitcoin A large number of mainstream investors and entrepreneurs already consider Bitcoin and other cryptocurrencies as a legitimate asset class. 3. There is only a limited amount of Bitcoin There are only 21 million Bitcoin tokens to be mined and no new tokens will appear until after 2140. This makes Bitcoin a deflationary currency whose value increases naturally with time. Source here. These are interesting big reasons why it is so wise to invest in Bitcoin. I am sure that many people are still doubting Bitcoin whether it can be a good investment vehicle or it is just another risky venture that can collapse anytime. Of course, we know better. So in case someone would be asking you this same question, you just have to enumerate the three big reasons above. To me, the biggest two reasons to invest in bitcoin and use bitcoin, is you can do it over the internet to anyone anywhere for a reletively low fee You can also count on the blockchain ledger to be accurate for the amounts sent/receieved as being correct and not able to be changed/edited/reversed. Good for people who want to buy /sell things online, where ebay can screw you over because someone lies and complains, you cannot do that with BTC So many advantages in using bitcoin. The price is always up alone, has become the reason why we use bitcoin. In addition, investing in bitcoin, always gives us a bigger business advantage than investing elsewhere. A fairly fast transaction rate is also one of the reasons. |
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Nope. I dont think so because bitcoin is a digital money and we all know that we are living in the world of reality. We must know that in our life we must rely on our reality not on our digital money. And if you cash bitcoin it will turn ito dollar because they didn't have paper or coins for bitcoin reality. So I think doar will not replaced by bitcoin. Maybe that will happen if bitcoin does provide benefits that exceed the dollar. Well, but I also think that it can not happen, because dollar, and bitcoin have different places, even dollars will not be able to replace bitcoin on the internet because basically bitcoin and dollar are different. |
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It could happen, but I'm not sure the bitcoin price will go up so high in 2024, maybe more. Bitcoin does always give us a great surprise, and I think it's not impossible for that, so maybe we should collect a lot of bitcoin before it actually happens.
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There is no definite with bitcoin, it could happen if there is something that is not in want happen in the future. But for the moment I really can not imagine it happening, because what I think is the opposite, that is the development that will happen from bitcoin and make the price go up.
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2018 will be a new thing, I predict that there has been a lot of development that has the basis of bitcoin, therefore the price will surely be above $ 5000, I am sure with my prediction.
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I dont think that bitcoin would be able to defeat gold, as for gold is way more precious that bitcoin. Maybe bitcoin is much more expensive now than gold, but gold will never be gone. Let's just not compare these two.
bitcoin is better than gold no doubt the worth and the importance of the bitcoin is much higher than gold bitcoin beat gold back in the 2012 when the price of the bitcoin was about 1300$ and the price of the gold was 500$ so we can see bitcoin has been important and more valuable than gold long ago to invest money. Yes I agree with you that Bitcoin is better than gold as we see more and more people are investing in Bitcoin than gold. In terms of current profitability, Bitcoin has defeated Gold in every manner possible. And i doubt that Bitcoin is going to crash so hard that its going to go below the $2000 value. Even when it goes to that value its still valuable than Gold. Bitcoin is currently the most profitable commodity in the entire world. Bitcoin is probably one of the most expensive things in the world especially if we take into account that we cannot touch our bitcoins, but in terns of market cap gold still has a very clear advantage and it is going to take a lot of time for bitcoin to change that. Well, bitcoin can indeed be a gold rival in terms of investment, but basically bitcoin has an uncertain price, although I believe that bitcoin will have a high price in the future, but it's still ambiguous. But gold will be precious forever. |
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I do not know if bitcoin is not a good type of money, but I do know that bitcoin is a very good investment tool. Giving its users the opportunity to have a lot of money in a short time, I think in the future will be very many people who are interested in bitcoin although not a good type of money
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I' do both, but take bitcoin over gold simply because I'm a pyschic and I see that in 10 years, Bitcoin would be worth 100million each.
yeah both seems to be the safe option, because gold is stable for years and most of the people have trusted it as a good investment. on the other hand bitcoin can never be seized by anyone, and its volatile in nature. now it is in growing stage which brings you huge amounts of profit if you hold it for 10 years. i do not think that both are the same option i think we use bitcoin for trading while use gold only for holding our assets in a safe place. because the price of gold remain as more stable. of course, we can have both as our option. It is even ideal and recommended to invest in these 2 investment vehicles.. because the gold can take your investment to a very long term while bitcoin has potential of making your investment triple or multiple times in just a short period of time. If you want to be safe in investment then you need to invest in both so you can balance both of them but if you want to take the high risk and go all in on bitcoin then it is a good option also even the risk is high, why? because if you will invest in bitcoin right now because this is one of the best chance to buy since there is a dip on the chart and if you will make it for long term then you are going to be a winner in investment in bitcoin because long term investment is not for gold only but also for bitcoin. Well but it will be very much a hindrance in that, whether it's in person, or for anything else. If you want to be safe, and stay stable, then gold will get better, but if you want to look for big profits, but have little risk, then bitcoin will be the right choice. In essence both things have their own advantages. |
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To be honest it almost has the same potential, but I mostly visit the bittrex site, maybe it's because it's a habit, and sometimes so many coins pump there, so the chances of getting profits are also being increased.
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Is there any signature campaign for newbies like me? I hope there is one.  The signature campaign for newbie is there but not widely available here, but now your rank has increased to Jr. and it seems like you will find it easy to find a signature campaign for your rank. That's true, because most of the accounts you use can be trusted when it has level as jr.member, but for now it's very difficult to find the signature for jr, so it's better to focus when it becomes a member. |
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Sometimes I'm disappointed with my prediction results, not by trading. Because that's what gives us most likely to make a profit. Well, but I was never really disappointed with trading when buying a scam coin. Well, that's really disappointing.
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Yes,bitcoin price could soon reach $4500,especially after november thsi year,when segwit would get completely locked in and transaction fee would get reduced very much ensuring fast transactions at lower fe which would encourage more people to use bitcoin for transactions which would increase demand for bitcoins leading to increase in its price.
If demand increases, it will allow bitcoin prices to be higher this month or in the future. I think that if bitcoin prices have come to a price of $ 4500, I think there will be so many people who will sell the coins they have. |
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I think at this time every country has its own currency, even all independent countries have it. I would argue that bitcoin can not be used as a currency in one country, since bitcoin usage is not so free, and may only be used as an alternative.
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We need experience, but we also need good luck to win the gambling game, because that's what people who experience gambling more often rely on their instincts than their analytical skills.
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Saving your bitcoin in a long period of time can benefit you in the future. So keep your bitcoin in your wallet for a long period time because we cannot say if tomorrow's the value of the bitcoin increases very high. It's better to save your bitcoin than waste it. Bitcoin if you saved for a long time you can saved a big bitcoin for not to pay it in other store. How about on bitcoins price might decrease tomorrow? We cant assume anytime that the price would really go together with our expectations we should not really forget the risk behind it and how price volatility works. Bitcoin saving is really a good habit since we can see that prices do soar up high and I would recommend this thing for those who earn bitcoin without the need on pulling up money on their pocket but for those people who do make use of their local fiat exchange to bitcoin we should only put on the amount that we can afford to lose up. Well, many think like that. Sees the potential for bitcoin prices now rising rapidly, leading many to think that storing bitcoins over a long period of time can make huge profits. But, I think this has been around since the bitcoin itself is in shape. People just hesitated with it. But has much to prove it. |
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I see bitcoin as one currency rather than an asset. Well, I think that it is money created for transactions on the internet, to be faster. But everyone has a different opinion on this.
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I just focus on price. Because when all the bitcoins have been mine, the bitcoin will become scarce and limited, and make the price higher, but it all depends on the bitcoin function at that time. If bitcoin is still used, then the price will be higher, but vice versa.
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#JOIN
Bitcointalk username: Farma
Forum rank: Hero member
Posts count: 1579
ETH address: 0x85EbbbACE92EfFF395d80C046B06177bE71aFFAF
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I think people prefer to use bitcoin instead of altcoin in gambling. It's because when they win a game in large numbers, then the money they get will also get bigger, because the price of bitcoin.
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When do you decide to sell?
Is it a sat, a % of profit, or even a randomly thought up number in your head?
I am new to trading Crypto, but when I traded other stocks, I would aim for a certain percentage.
This seems much easier to hit that percentage, but much more risky.
How do you determine when to let it go?
It depends sir. There are many traders are selling their cryptocurrency at 20-30%, and that is the minimum pump of a coin. There some traders also, mostly professional trader are not selling their on percentage profit because there is a go signal when to sell by watching candle sticks, watch the price and etc. Maybe selling it now is a good thing. But just in case, maybe the end of the year is a great opportunity to sell bitcoin. Well, at that time I'm sure bitcoin prices will surely go up high. But if you have other plans, I do not think it's a problem to sell them at the moment. |
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