In the case of some total natural disaster or big world war it could happen that Internet network would also be destroyed. But it's not only Bitcoin that depends on the Internet, there are many products, services and technologies that we use on daily basis and that are depending on Internet. In this case this would be a total disaster but I don't think that Bitcoin would become the main payment instrument, this is not its purpose.
but after big disaster not only the internet will effect but i think it will effect all the aspects of live. i think in present time internet has become the basic need of our life and now without internet we even cannot think about. it is now as much important as food, shelter and other basic needs of life. so i thin we should not even think about that bitcoin will come to an end, as it is now the basin need of our life. so we should not think about it. I really think that you have gone too far about this aspect, because you claim that we need internet same as food or place to sleep. You are mistaken, we actually do not internet at all. Indeed, it gives us many opportunities for earning money, also it plays a big part as a entertainment tool, but that is basically all. Why would you sit in front of PC or smarthphone to browse the internet, when in the same time you are hungry and you cannot afford to eat, or you dont have a place to go for the night. Especially in a event of some kind of a conflict, you simply dont even think about using web. You are focused on different things: to make your situation better, and the internet won't help with that issue.
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I think it will be $2000 in 6 months or less..
Resistance are highly active right now and the $1400 value is very crucial the price value right now is $1342.95 I have never see it move by then, but bitcoin needs to be movable or fluctuating every time right but right now it just stay put in that value, and we should watch for A bounce off this near-term support could lead to another test of resistance or even a break higher for a steeper climb. Yeah, but the ATH (all time high) was already broken, so the resistance area between 1280$ and 1380$ was broken. Now it probably became the support, unless the market is going to decide that BTC is currently overvalued, which may be likely in some scenarios, but I would still expect staying on the 1300-1330$ price range for a little bit longer time. As we can see, the price of bitcoin has became a little bit of stable, there are no such a big fluctuations as before. But as far as we know, the supply of bitcoin will stay the same and the demand is still increasing: so price probably is going to do the same. Anyway, I expect 2000$ per bitcoin somewhere at the end of the 2017, it is rather optimistic but as a BTC holder, I really hope this is going to happen ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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There are hundreds, if not even thousands of different, good ways to earn 0.1 bitcoin per week or even more. Everything is dependant on many factors, but only you can make it true.
Firstly, you cannot earn such a big money without any effort taken, so you already need to be educated and experienced in cryptocurrencies world. Secondly, without a good amount of money for start (investing purposes) you are not going to make decent amount of BTC unless you have some special skills that you can use or you have a good job as a freelancer.
You need to make some kind of an investment, I would suggest you seeking for a trusted bitcoin casinos, to invest in their bankroll. You can also go with loans, for example at poloniex or even at btctalk.org.
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Im 100% sure that we have many people gambling that are under the age of 18. Moreover, I also think that we have some people of the same kind, that are typing the replies here. The chance is pretty high, because the Internet gives such an opportunity for a non-adults.
For example, in most of the countries you may have bank account under the age of 18, all you pretty much need is a permission of the parents. In such a case, you may just transfer the funds you have on the account (if you have such an option) and buy a bitcoins with those money.
After all, bitcoin casinos do not verify the age of the user so I dont see any kind of a problem.
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Localbitcoins is only a peer-to-peer exchange, it does not have any features of investing in some cloud mining project or any investment programme. You just buy and sell bitcoins there, to local people. You enter the place where you are currently in, and there is an offer to buy bitcoins for other people in your region.
Anyway, I just dont get the idea of something like that. In almost every case, cloud mining cannot be compared with investing because it is just simply losing your money: unless you got some ability to make a successful prophecies about the time, when the scam website ("cloudmining project") will be down or suspended.
Obviously, that is not possible so anyway I still advice to stay away from this type of programmes.
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Hi. I was just wondering what you guys' opinion is about the large volume of shitcoins, and if there is profit to be made in these coins. For example Lepen, Macron, TRUMP, Putin, and 85% of the other coins listed on YoBit.
Do you trade in them? If yes, what kind of volume? Is it worth it?
Would highly appreciate your opinions.
That is an interesting thread, it has attracted my by funny topic ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) We already have some interesting histories here, and I really hope that we will see more people posting here with their insights. Actually, I do trading with some shitcoins, but just from time to time. Currently im in at inflation coin, vsync and GPU coin. But obviously I just do this for fun, I dont expect any earnings from it because in most of cases such a coin is going to die. It is still a nice entertainment for me because i do it quite rarely. I always have thought that trading any altcoins is pretty risky, even with the trusted one like ETH or XMR.
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I think that most of the people would obviously choose the 150% deposit bonus instead of 100%, because that just gives us more money to wager. In such a scenario, there is a higher chance of surviving a long streak of losses. It is clear that big part of the people participating in hypotetical survey would choose the higher percentage.
Still, such a bonus gives a lot, but the house edge does not change. It is also important how big is it, because more than 3% is already a lot. That is why I prefer bonus which basically erases house edge for few hours. That is more interesting, and gives me more opportunities, than having 100% or 150% deposit bonus.
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I hope it happen, it easy to us if the restaurant were received payment using bitcoin. But we need to introduce first the Bitcoin in the market to accept this as the digital currency.
At the current status of bitcoin i think its hard to make bitcoin as part of payment method of one restaurant because not all people already know bitcoin. Much better to make a survey about popularity of bitcoin and it would be your basis if you adopt bitcoin in your business or not. That is a good approach on this issue, I think that making some kind of a survey in your company would be a good idea. If some firm is having many customers who may want to pay with bitcoin, then obviously it is worth to implement such a way. But overall, there are not so many people on the planet that use cryptocurrencies, we are just a small percent. That is why a survey may help really a lot, you will be able to tell if it is worth to accept bitcoin from your clients, as another option to make settlements. Keep it that way, always try to avoid taking the unnecessary risk, it is simply not worth it at all.
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Spending bitcoin haven't got easier around the world, it depends on the country. Very few countries get increased access to daily use of bitcoin on their requirement. As a part recently Japan users seems to get good bitcoin usage on varied needs after the legal acceptance of bitcoin as a currency.
Exactly, in fact we cannot tell that something has changed significantly, all over the planet. Spending or converting bitcoins to fiat is not easier than it was 2-3 years ago, we are basically using the same way to do that. You can choose p2p service or just using bank transfer system to get the fiat for selling the BTC, but if it comes to spending bitcoins, then we really dont have many places in which there is a possibility of spending our hardly-earned/gained cryptocurrency. I still dream about some kind of crypto cantors, in which we can just exchange the most known and trusted cryptos (BTC,ETH,LTC,XMR) for a real cash.
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That is why I always repeat to newbies, that they should be 100% sure that they sensitive details about wallet are always secure. For example, you can just use paper wallet as a way to store the BTC, but you should obviously encrypt it that way, to not be easy to crack it by someone from the outside, and also it is a good idea to hide the paper wallet. But you need to remember that the place need to meet some requirements, unless you want you lose your bitcoin- the paper may simply rot or get wet, something that you just cannot predict.
But losing the access is something terrible, I really dont want to meet such a fate. That is why I always make some kinds of backup to be safe no matter what.
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Its looks like we have set another ATH for this year: Bitcoin price surpassed its previous all-time high to achieve $1,377 across major Bitcoin exchanges in Japan and the US, including Bitstamp and Bitflyer. Such analysts as BKCM CEO Brian Kelly attribute the recent upward trend of Bitcoin price to the re-examination of the Winklevoss twins’ Bitcoin ETF COIN proposal. While Kelly emphasized that the probability of the US Securities Exchange Commission approving a Bitcoin ETF in the near future is quite low, investors are quite optimistic in regard to the situation. https://cointelegraph.com/news/bitcoin-price-sets-new-all-time-high-at-1377-main-factorsI dont really know how to react for such a news, it might be a really good thing that we have printed new all-time high, but also that might be a bad sign. The biggest problem I can see currently, is that the price of bitcoin is really high when the blockchain is still not really ready for something like that. We had many incidents when there was more than 50,000 unconfirmed transaction and the network was simply too slow in confirming them. It is a very vunerable thing, because making such a big traffic on the network may result that people will stop using bitcoin: you are not going to use the service for sending money, when you have to wait for a week to get your transaction done, right?
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I dont think that the idea of "Bitcoin Bank" is good, just because of one simple reason: Banks are made to make the society poorer.
They do not help us to become wealthy. Indeed, they have a wide offer, for example we can have a money placement in bank, which will provide us an interest equal to somewhere between 3 and 5 percent every year. That looks like an opportunity, but we all know that it is a good solution only for somebody who owns a big amount of cash, in such a situation it is really worth it.
But even with 50,000 $, you won't earn a lot thanks to that, even 5 % every year would be just 2500 USD every year!
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They are running a reputed exchange and I don't see any reason to put such coins which don't have much volume, or being traded there consistently there. I know there are few coins which were too good but not necessary that we will always see them there as the space and usage it takes is useless unless there is some great volume and an actual need of putting them there.
Poloniex the biggest crypto exchange charges only 10k satoshi for btc withdraw and the btc will arrive within minutes. trading sites are taking advantage of the fees to sequeeze more money from users That is extremely important thing that is being done among the trading websites, I hate it very much because it is simply unfair for user who wants to make his money multiplied. You are the one who deposits the money, and sets them up in the risk. But they also need to increase the goddamn fee, and sometimes you cannot even change the size. It is a stupid solution for me, because I sometimes use services with 0 confirmations deposit. That means I do not really require high fee, even 0.00005 satoshi would be enough because I have the money instantly, and confirmations is something im not worried about. Poloniex is so far the best exchange, daily limit without ID identification is really high and rates plus volume are also awesome too.
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I won't ever put every bit of money in one investment, and that's just wrong just because you are risking all without having a backup plan. I think I would buy a lot of coins when the price is going to be real affordable.
Finally I have found out someone who is speaking a truth. There is no point in placing all your funds in bitcoin, unless your target is to loose everything you are willing to invest. Without proper money management and plan, you shouldn't ever think about dong such a thing. You need to have whole business plan ready, what do you when some unexpected incindent will occur. Bear in mind that spending all your money on bitcoin would simply make you dependant from that cryptocurrency, because you literally don't have any other investment. So if the bitcoin price goes down, all you can do is just watch your funds getting eaten away by some whales. With diversification, you might be able to avoid such a situation, but only if you know what are you doing.
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You are lucky because you learned the notice. I remember, when they closed Liberty Reverse without notice. I never got my money back. One of the examples why "decentralization" is such a big word in crypto.
I have always thought that we cannot make anything really big in cryptocurrency world without decentralization. This is a factor that makes every single service and website insanely attractive, if it is indeed 100% decentralized. For example, fully P2P cryptocurrency exchanges have thousands of happy customers, which are using them everyday. Bitcoin and cryptos needs to be independent. The rest of the system should not affect our small community, we need to hold on together and do not let to give any chance for the "authorities" to gain control over BTC. Imagine if bitcoin could have been controlled by any country, or a goverment. Something like that would simply erase its value, in such a case nobody would need such a cryptocurrency.
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Im really happy that we are having so many users that are willing to help the new people trying to assimilate in our cryptocurrency community. More people is only an advantage for bitcoin and altcoins, it may give us more influence on governments, so there might be a possibility to see the cryptocurrency adoption by most of the world. That would be simply awesome, but im afraid it is still only a dream for us.
Such posts with lists are very useful in my opinion, newbies do not know where to look for any ways to collect BTC or at least invest some satoshis. With such a thread they can have some kind of a place where they enter every time to remind themselves about ways of obtaining BTC (the easiest ones).
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For me, bitcoin is more than just a payment source or a way to store the money. Not only for me, but for everyone who really is willing to educate about bitcoin and cryptocurrencies, it provides thousands of ways to get income. Imagine just joining signature campainings and earning on them for one year. All bitcoins stacked could be used for an invest, which provides 3% monthly. With current price of BTC, even 2 btc collected wold be 2600$ (1300$/btc!) so 3% is 78 dollars every month- which is already a huge return, and all in bitcoins!
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and now bitcoin price is at $14xx and its should makes us happy because we can make a big money for people which buying bitcoin at $9xx and now they can sold their bitcoin. but for people which is buy at $1xxx or above, then i think you don't have to be panic when you see the price is down because the price will be more higher than now and its the best for you to keep hold it in your wallet or you can use it for trading btc-altcoin to grow your bitcoin amount.
Can I ask where did you get the 1400$ price for one bitcoin?! I think there is literally no exchange which offers such a rate, lol. Bitcoinaverage claims that the current price of BTC is 1315 $ which is actually high, but I think that 1400$ level was never broken in the history of bitcoin (well, maybe except bitfinex because they have basically suspended wire transfers, which caused the price of btc going really high only on this exchange). Even when we would see BTC dipping to 1000$, im sure that there would be no reason to panic. way too many companies are bitcoin related, to see such a big dump becoming true.
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I mostly use paper wallets to store my bitcoins because I believe they are safer. I don't trust online exchanges or web wallets with my coins.
Why do you say that you "believe" that paper wallets are safer than the others? They are indeed very safe, but only in case where you encrypt them very carefully. If you do this correctly, then you are able to store your money with basically almost 0 chance that your BTC's will be taken by someone. It is a also good precaution that you don't trust online exchanges or web wallets, the only point in using them for me is when you have access to the private key, so even when the site is suspended you can simply get all your bitcoins stashed back. I sometimes use mobile wallets, but only with a really small amount of money, when I need to make transactions from my smartphone.
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Thanks for the fantastic instructional video. I learn more about BTC every day. I trust BTC implicitly. What I don't trust is human nature.....
That is a good idea, you should never trust people who are offering you anything. For me, that is the rule number one: dont trust anyone, except yourself. This principle works very well for me at cryptocurrency world, when I pretty much consider every single user as a guy who want to scam me, or at least take a part of my money away thanks to me not being cautious. But I am smart enough to always secure myself in a different ways, I like to change that in a different fashion to be unpredictable when it comes to security and investments: nobody can take my funds away if I do this correctly. I also trust in bitcoin implicitly, there is really no reason for not to: but never trust a people involved in crypto's, most likely you will lose something if you are going to do that.
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