What are the reasons, why people use Cash or Credit Cards / ATM / Banks?
* Work offline 100% * No fees. * Accepted for Food Shopping & Micropayments * 0 confermations time * 0 exchange risks * anyone is able to understanding of the value of payment
Yes I think these are perfect reasons for appealing fiat currency while compare to bitcoins. But as we are talking for reasons to make fiat greater than bitcoin, above mentioned things are made for better experience to users by banks, their owner and supported networks. so, here fiat currency is important and necessary at grass root level as making transaction at domestic level where internet is not avail. Actually these are amenities offered by banks to its users to stick them with bank. But it doesn't mean that fiat is great than Bitcoin. Bitcoins was great. Is great, and will be more valuable in coming future. Believe it or not.
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I personally think that Bitcoin is invention of last 100 years and blockchain is of last 1000 years. But people still don't have understand what is Bitcoin exactly. Without proper information taking dive into decentralized platform which is open source and open for everyone, can make equity loss. I'm wondering why bitcoin was made if there are too many currencies in each country, why would anyone add or make a type of currency in the internet? For easier and faster transactions or so ?
Bitcoin is made for making peer to peer transactions, as something which is in form of digits which, can be used to make transaction electronically. Here are some of specifications of bitcoins # bitcoin payment is anoymous # bitcoin is decentralized # bitcoin is not issued by any # nobody can increase total supply of
This all feature make it different than other currencies that exist and more attractive too. It gives financial freedom.
Additionally. Bitcoin is a form of digital and virtual currency which can be accessed electronically only and also can be generated by contributing hash power required for mining to verify transactions and to keep blockchain alive. Mining is an open source process of generation of Bitcoins with proof of work.
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A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources
Is Bitcoin a giant Ponzi Scheme?
for others bitcoin is a ponzi scheme only but actually because of bitcoin there's a lot of people reduced their poverty becaus of this so i think its more good in bitcoin and for me bitcoin is not a ponzi because it helps me alot to pay something and to buy anything that i want. Its I agree. Bitcoin really helps to remove poverty, as who supports Bitcoin and its technology. Bitcoin always gives best returns to there user and holder. But this just part of investment. Bitcoin offers open source income platform for everyone, just person have to learn and understand. Currently who dare to understand bitcoin I think everyone must be happy with growth of bitcoins. I can't say its ponzi because, It decentralized, no one control it. In fact Bitcoin have "0" value in my sight. But user interest and Proof of work costs more and will costs more and more in future according to difficulties, block height and block size. Halving and forks are also noticeable things that will impact on price of bitcoin in coming future.
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A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources
Is Bitcoin a giant Ponzi Scheme?
BITCOIN is more of a 'chain-letter', google that term, PONZI sold stamps, which were tangible, ponzi ( the man ) told ppl to HODL their stamps and they would get 100% ROI per month, ... so that element is very similar A chain-letter, or block-chain, is where you get you friend to join, and they get friends, and then the BTC goes from 10,000 BTC's for a pizza, to one btc for $10k USD But PONZI was just one guy, today with BTC you have 100's if not 1,000's of criminals running exchanges and websites all scamming people, thus BTC is a chain-letter on steroids *** These things never end well, but the block-chain is here to stay I see you are talking just one side of Bitcoin. THINK for why people are believing. We also have to think for technology and power used for production of it. This technology is really awesome, its a future and Bitcoin is just successful experiment done with blockchain and cryptography. More cryptocurrencies are currently available but soon there will be more than current. I personally think, here Bitcoin is offering opportunity to everyone to dive in it. Now its up to user how they consider it and what expect in returns. More demands of bitcoins will definitely increase price of bitcoin in future. This is just beginning, everyone have this opportunity to get returns at just one time because if you wish to sell and buy it again then it will costs lot more according to current market. So decide when to come in and when to come out.
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Well, for me it is an asset and a currency. It really depends on how one's perceive thing and how they use their bitcoins. Others, sees it as a form of asset and investment as its value continues to rapidly grow and while some use this as to purchase goods and send money all throughout the world. So, for me as i used both for bitcoins. I see it as an asset and as a currency. Well perspective, but views are quite different as I am strictly think it as commodity. As it have strong, secure and open source back up of Proof of Work. The thing which you can buy anytime at market rate and sell them at higher rate to get own profit. But time matters as how much time user can hold it, it will give more returns to him by supporting Bitcoins by HODL, but if user sell them and get certain amount in fiat, he cannot get it back same or equivalent amount BTC with that amount in fiat, as price is increasing exponentially. So its completely up to user how they accept bitcoins.
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Yes bitcoin is really secure. no one can steal bitcoin, except for our own carelessness. The government can not be that easy to ban bitcoin transactions, because bitcoin is the future. Exactly our bitcoin safetiness was depend on us because we are the only one who can manage it. The government didnt control it and they cannot stole it from your wallet. Unless you are going to send or transfer it to other people. It is very secure as you have the power on how you will going to used it in your life. Well we still considering Bitcoin as currency as anyone can rob it away from you. Be practical. Bitcoin is made of Blockchain and cryptography which itself have "0" value. Both are parts of Quantum physics. But Bitcoin is well designed and developed product which is made of combination of Blockchain and Cryptography along with powerful prof of work with hashing power based on SHA256 algorithm. Highly encrypted data transmission gives strong safety and security within network from being hack or get stolen your Bitcoins. And as per my acknowledgement no one can ever even try to hack bitcoins if stored securely.
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Yes its really good year 2017 for Bitcoin to become itself more popular as well as valuable. In just by 2017 Bitcoins reach from $1000 to $10000+. Its just show off of coming future, addressing clearly where is world entering. World is already accept revolution of Bitcoins so in future there will be more outcomes with positive attitude by implementing awesome technology.
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Well investing in domain is a great business, but have to do it very precautionaly and professionally. As I checked your domains
btcnews.ca Buybtc.info BtcValue.info
Personally, I would like to explain few important factors to consider in short while buying domain name as 1) Domain extension must have topic related, 2) Domain extension must have universal or domestic, .ca clearly refers to Domestic territory. .info sounds good extension for informative portal, 3) Domain names are good but around just particular subject as referring to "Bitcoin" only. Well its up to website owner that what type of content will be there.
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In simple word we can say Altcoins are Alternative coins (Cryptocurrency Coins) used instead of Bitcoins, and which can be evaluated in price of Bitcoins.
As we see there are number of altcoins based on various algorithms are currently present in market, each of altcoins have its own specific importance and value in cryptomarket. Ethereum, DASH, Monero, Stellar are some of best examples of altcoins.
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Bitcoin have a great future, and Bitcoin itself proves it time to time. Since from Bitcoin's born they are fascinating everyone, but its all up to person as how he accept time and conditions. Who make trust, faith and belief in Bitcoins by supporting them by Holding are already getting good returns, but a time spends price, value and importance along with demand is increased exponentially, Which is taking bitcoins price too much high.
But Bitcoin is decentralized so one can decide price. Along with there is no authority to support you as customer support. So getting more and more information, news and updates about Bitcoin and its environment can make user more comfortable and confident while using Bitcoins.
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Is its just beginning. Technology which is used for Bitcoins is real innovation for world. Bitcoins is real invention which is made after agriculture in last 1000 years. As agriculture is open source same as way anyone can dive in to bitcoin platform. Bitcoin is a peer to peer payment network which can be accessed via internet only. World already well aware about internet, So if accept this innovation then world will change all parameters of business and payments in coming future.
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Bitcoin is a digital virtual cryptocurrency which can be stored and transact electronically only. So according to this specifications of Bitcoins, Bitcoin is a just virtual digits/number as which transfer from one person to another in exchange of fiat currency.
Now since from 2009, when Bitcoin born many of user from all over world use bitcoins by investing own money and when they feel that Bitcoins price is beyond imagination they sold their Bitcoins, at some higher price. But later on when they see price is growing up quite high again they invest their fiat currency with higher volume. By this way bitcoins are just circulating within network under supervision of miner who authorize such transfers. So since from 2009 Bitcoin already faced few dumps, and still create own value within world. Now new users are supporting to maintain floor rate of Bitcoins which I don't think that will come down. Increasing graph and price clearly shows growth and future of Bitcoins.
Day by day more awareness about Bitcoins is spreading exponentially, which is impacting on price increase of Bitcoins.
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If any of you checked it properly that how the cost of transaction fees decided it will get you clear picture of transaction. Each transaction made between wallet address shows their current BTC balance. If you are using third party wallet it keeps changing deposit address which is basically mapped with user account. Now each transaction have particular size in KB which is depends upon how much BTC addresses are linked with payment transaction. In such cases it charge higher fees to verify transaction by miners. Here are some aspects which have to verify after making transactions of bitcoins - Size in (bytes)
- Weight
- Included In Blocks
- Confirmation
- Inputs and Outputs
- Total Input
- Total Output
- Fees
- Fee per byte
- Fee per weight unit
- Estimated BTC Transacted
Day by day contributing hashpower will increase which results in increase of transaction fees for smaller transactions done with Bitcoins.
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Yes many times.
As I am a webmaster and found A-Ads, AdBit, CoinURL and few other advertising networks which accepts Bitcoin payments to offer advertising services globally. I initially start with small amount of Bitcoins spending for running advertising campaigns successfully. It was great experience. Since from then I used Bitcoins for my domain and hosting services as Namecheap accept Bitcoin payments. After then for making recharge of Cell phones via Bitrefill many time.
But its a past with amazing experience, Now I am focusing on HODL.
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Over the most recent 30 days, the cost of Bitcoin has shot up 109%. Indeed, finished the most recent year, it's up more than 1,900%
This is driving a huge measure of "buzz," which, is bringing an ever increasing number of individuals into the bitcoin system.
In general, I trust this is something worth being thankful for. Be that as it may, Bitcoin isn't care for the share trading system. It's not managed. It's not steady. Or more all, there's no customer support for you, if made any mistake. Therefore, I need to emphasize this point : In case if you are willing to involve in Bitcoin, PLEASE Educate Yourself FIRST!
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It may, but I don't think that it will be for long duration. Bitcoin still have to go for long journey.
In the mean time, there so many news and speculations about Bitcoins will be published, which may impact on price of Bitcoins in upcoming period.
But still Bitcoin is really valuable asset/commodity as per consideration of future investment. Public awareness and interest about bitcoins is increasing rapidly which already take Bitcoins value to height and not signaling any down fall.
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Well in OP I checked many said various types to start to learn first and earn later with Bitcoins. And Bitcointalk Forum is a right place to get knowledge about Bitcoin and its all associated/related terms, Bitcointalk is a place where people talk about Bitcoins.
But before to go to start with Bitcoin I would like to give few suggestions as, Bitcoin is completely based on digitalization, So first of all need computer knowledge. Along with computer knowledge, person personally mush have interest and mentality to acquire and grasp such a valuable knowledge.
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Feeling very bad As I see I have no share for Twitter and Facebook on spreadsheet for 1st week. Anyway articles also not accepted for bounty rewards, Seems Bounty manager not performing well anyways. It was fascinated me initially due to NEM platform but now have to think over project and team.
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No, but many are calling it as money.
Actually Bitcoin is far bigger, important and valuable than money. We must consider Bitcoins a commodity and investment tool/platform for future. But still bitcoin have ability and characteristic to be accepted as currency to give more transparent and clean environment to businesses.
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While doing trading always keep your eyes on literally everything as Current price for Buying and selling, 24 Hours Highest and Lowest, Buy wall and sell wall, Volume etc. This can clearly shows hows trading going on.
I checked most of time there are small amount with exact price are placed for sell, and in such cases if whale enters with interest in Bitcoin then they just take market up only, to finalize expected amount of BTC. In future same will continued to increase price of BTC against Fiat.
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