I think bitcoin transactions have been classified as transactions quickly. The time it takes only 1 minute to 3 hours and would be much longer if there was a slight problem.
Faster transaction is what we are looking and sometimes we cannot control the situation since due to huge transaction of bitcoin the network will be busy and that will cause a delay of transaction, but despite of that, it is not the main or major problem of bitcoin. |
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20 years from now, there are only 3 possible outcomes that might happen. The first and good outcome is that it will have price more than the price it have today and of course more user that uses bitcoin. The second and neutral outcome is that it will have the same price it have today and have the same or slightly more user than it have today. The third and bad outcome is that bitcoin will be worthless and is replaced by another cryptocurrency with no user using it anymore. The chance of this happening though is slim and most likely first and second outcome will happen.
Well, for me there's only two possible outcome. It could be bitcoin will be very popular and the price will increase substantially or people will lose trust with bitcoin and it will be dead. |
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I liked best about Bitcoin is that you can earn Bitcoin as much as you want by gambling, trading and so on. It is fast and easy to reproduce. Just open your laptops, cellphones and tablets then read articles on how to gather or earn lot of Bitcoins. How fast that you got it, it is also quickly to disappear. Be practical on handling our Bitcoins, be wise as well. All of us have a talent on handling our money.
I think you're easy to get bitcoin because you have the skills to get a bitcoin, someone from the outside is not necessarily smart collect bitcoin, as well as to you that maybe you'd prefer to get bitcoin easier than getting a fiat, it depends on the skill That would definitely base on what is your skills, if your skills is in demand then you can have a greater job here that pays a decent amount of money.But if you are good in trading or gambling then you are investing with yourself, and there's no limit of earnings here as you are the only one who dictates it. |
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I think Banks will not disappear
but maybe they will use Bitcoin.
Either way, it's not happening. Bank will not be replace by bitcoin of course it's a different thing and we cannot compete with fiat. People will always support bank as it is legitimate compared to bitcoin and government supports bank. |
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Yes bitcoin is a good to invest now because we know that bitcoin have future. We know that bitcoin have a good profits once the price goes up so bitcoin can give us big profit. So buy now bitcoin and keep it till the price reach your desire price.
Yeah bitcoin have really a great future because we know that bitcoin price is rising very faster day by day and bitcoin is getting too much popularity in the world and adopting is also increasing and i am sure that bitcoin price is much more stronger so we can invest in bitcoin without any worry. I will add that even if we do not think about future profit and only keep our money in bitcoin to avoid any rob and stealing of our money or to avoid any bank fees and tax then we will not have to worry about our money because now the time has gone when it was thought that bitcoin will crash or any unwanted situation will occur. Bitcoin is still a risky investment. If it went up for a year now, this is not a proof that it will continue to go up in the next year. We are all hoping for that, but anything could occur. Many unwanted situations can happen as they happened in the past, for instance, the Bitfinex incident. There is no guarantee that something like this won't happen in the future, or something even more dangerous and detrimental. Whatever the circumstances, we should always remain realists. that is what speculation is all about. you check out things that are contributing to a rise and things that are contributing to a fall. and so far a rise has a bigger force, and with the addition of adoption that is growing day by day there is no reason for price to go down. and all those little incidents that you mentioned are bumps on the road. something like bitfinex was mostly fear coupled with manipulation that lead to a temporary drop which also price recovered fast enough. and will do in the future possible cases. Actually, I am quite with you on that. The Bitfinex incident was a good opportunity to buy cheap bitcoins, and likely the only such opportunity for well over a year now. But still we shouldn't forget about the Mt. Gox fiasco, and what havoc it caused. I'm not going to say that something like that is going to happen, history doesn't work this way. I'm talking more about the scale of that event and the consequences that it led to, which could be repeated. No, the incident of bitfinex collapsed. bitcoin price did not experience significant reduction and is still in being in a fairly high level, only the people who buy bitcoin after collapsing mtgox who have earned huge profits when the price touched $ 800. Honestly, the incident does not really pose big risk, in fact after a little fall back the price is not increasing, and I see it as an opportunity to buy cheap bitcoins that time, and I hope you guys were able to buy like i did. |
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Other cryptocurrency are just a way to get bitcoin , because bitcoin became hard to mine and expensive to buy people thought that mining other coins like doge coin and altcoin will be more efficient than just wasting time trying to get bitcoin , the there is a possibility that bitcoin will be replaced by another cryptocurrency but that will not be the case for a long time.
You definitely does not get it, bitcoin is not expensive because it's literally not a produce where we purchase low but sells it very expensive, it's the demand that is making the price big and that is good because the bigger the price it's more valuable. |
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If you leaving in bitcoin you will regret soon since the price of bitcoin is keep on rising you will be regret while those who are believers with bitcoin are keep earnings and rich.. since we are gradually increasing i think better to stay holding bitcoin or buy more bitcoin every time you get your salary in your job to have more profit in the future..
Yes I agree woth that. I see the potential of bitcoin to be the most popular mode of payment online replacing USD. And regarding on the security of account against malware or hackers, better to save your bitcoins in different wallet so that hackers can not hack all of your savings and it gives lest risk. or get a hardware wallet and sleep well I guess it's better to learn from mistakes and not leave bitcoin just because of some wallet issues, in overall bitocin is really good as investment and currency but with negligence our money will really be at risk, it's our control then but we can improve it if we learn. |
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Which Bitcoin Client do you use and why ? If you use web wallets, please do mention which one is your choice and why ?
I use blockchain. Why? Becouse I really like the user interface of blockchain. It is so simple and practicaly to use. There is mobile version that more practicaly than web version. Bitcoin client can attracts people to us it by so many way. Design, system, tools or anything else which make the user enjoy is a must. I know another web wallet but if I feel confused or borred when I use it, I will leave it. I think blockchain is the most popular, and most business online are using blockchain. When I was new with bitcoin, I really think bitcoin is blockchain. |
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What is the big crash coming are you saying? 13 days to go befor 2016 ends and i think that will not happen. You are not the creator and why you are saying that? Are you out of your mind?
Big crash coming means the future and we cannot see the future, we have our own prediction in the future and since bitcoin is very unpredictable we might see a good or bad future and at any time it could crash depending on how people react in a bad situation. And why would we think of bitcoin crashing, it's giving us a good benefit so I would not hope for that to happen in the future. Let's continue to make this coins great until more and more people will adopt. |
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It's necessary to understand that the price is a result of supply and demand, so if people stop selling Bitcoins, the price would rise, as long as the network continues to function efficiently, of course. But a situation where no one sells Bitcoins would not be possible because miners need to sell it to pay the mining costs.
That's the basic definition on how the price will react, without demand the price will be low. And if no one spends bitcoin, it means it's not precious anymore and the value is not good so eventually it will just die and new coins will be valuable then. |
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Maybe those people saying that bitcoin is dead are those not believe in bitcoin and they have no bitcoin. And they dont know about bitcoin so that they can easy to say that bitcoin is dead. They didn't know the benefits that they can get into it.
Probably, because they have no idea what they are saying. Bitcoin is not dead and it breaths 24/7 as we are giving it life.. We are the only one who will decide if we kill it or not and from what I see, we are making it alive and improve. |
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I've never heard of this! Are there really countries out there that ban Bitcoins? Those must be really tiny countries since I haven't heard about this. The larger economies have allowed the use of Bitcoin, why the hell would they ban it?!
Yes, There are some countries who are banning bitcoins. You can just google it for you to find it out. And in addition, Russia did that before but they have remove the ban now that's why Russia now is one of the adopters of bitcoin. And they are banning bitcoins because they know that it can be used for money laundering and other illegal stuffs that can make those people involved anonymous. I wonder how an all out ban would work though. I mean, you can't just stop them from using their XBTs. It's their money and it's almost like theft if you try to take it away from them. Since bitcoin is not controlled by a certain group of people then the government cannot enforce the law of stopping us to support and use bitcoin. We have all the freedom to use it as in online there's freedom and we can always be anonymous. |
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Most of us are probably going to live a few more decades. Imagine yourself as a whale, if you're going to dump your coins, you're not going to dump all of them at once. You dump it whenever you feel like it or whenever you think that the price is relatively high. You're going to live long enough to see the price of bitcoin increase a lot, there's no reason for you to sell all your coins at this price unless you need some serious cash in real life.
yeah but whales are those people with 100k bitcoin, or at least 10k, they can in theory leave with 1k bitcoin for the rest of their live, so there is no reason for them to hold the other 9k or 90k bitcoin, this is the point of the Op imho, and it's right, maybe they are just too greedy and with be very very rich and famous in the future Well, I didn't think about it in this way really, but I agree with you that if you have 100K bitcoins and don't have as much wealth in dollars, it would be reasonable to convert at least half of your wealth to fiat and then watch patiently how Bitcoin takes over the world. There is another reason that just came into my head. This might as well be kinda pissing contest among top Bitcoin holders, which rank you will get in the future Bitcoin world. This people has no satisfaction and that amount could be big to us but they will continue to work it to grow, I have a little contentment because I just want to live a simple and peaceful life, so my goal in the crypto is just to earn 100 BTC then I stop. |
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I have found lot of investment plans and bitcoin doublers out there, but I am not so sure whether all those systems are reliable or not. So according to my own experience the most reliable and legit system to greatly grow your bitcoins is through trading, buy you need to develop your knowledge, strategy and skill to take advantage of that option.
Of course it is not reliable. If you know how to actually double an amount of money, then why don't you just double your own money? Why would you open a website and ask for people's money because you can double them? There's no way the admin of bitcoin doublers are actually doubling your money in such short time. They're still a ponzi site and they're just waiting for someone to put a huge amount of money in their website. Same goes for hyip sites. They are all scammers who do not have any job in the real life so they decide to steal money from dumb people on the internet. Never trust a single word they say. If they can double or triple or even multiply your capital into a thousand times, why don't they double their money by themselves instead of opening a website. This is ridiculous. And i do not know why there are still many people believe them I agree, if they can earn huge amount of btc in a day or a few hours why do they need for some referrals. If you really can earn such a huge amount you will be doing it for only yourself. It is like if found some tricks in a gambling site you won't share that trick to anyone else and solo the benefits of it. They are fooling the fools IMO, no tricks in gambling otherwise we are already very rich now. By understanding the risk we will not come to that point that we are relying on others to win, we are certainly making the outcome of the game base on our decision. |
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I guess for now maybe bitcoin might be used as a means to avoid taxes but with the passage of time the government will start collecting taxes from trading bitcoin because bitcoin is continues growing will make the government think they can get revenue from the existence of bitcoin.
I agree. They will soon develop the system which forces people to pay tax if they want to use Bitcoin. I think right now maybe they are building it. Kinda top secret project lol. Anyway, it is hard to collect tax from people who use bitcoin because Bitcoin is anonymous and there is no way to obtain money from the anonymity The point is that you have to pay taxes. With Bitcoin is harder to find out that you do not pay taxes, but it is still not legal. You can do the same with fiat, but they will find that out more easily since they do it all the time. Bitcoin is new to them, but they will catch up soon and they will find ways to get your money. Government has nothing to do if we do not pay taxes because they cannot oblige us since we are not registered tax payers, it's the benefits of us but the disadvantage of the government, either way we still like it. |
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Bitcoin is a worldwide currency on the Internet, so it is difficult to be manipulated artificially.
The final decision bitcoin value is not the people, but how many legal currency and circulation.
Bitcoin is not a worldwide currency its a crypto currency , bitcoin cant be controlled or manipulate by people , even the creator of bitcoin cant control bitcoin. Yep, Bitcoin can be used from anywhere, any place, even outta space. It is not being controlled by anyone or any governments. That's why people, especially hackers love to use Bitcoin, they can hide their identity while using it. That fact that it's decentralized then it's not controlled by anymore and it gives us a good connection since it's a universal currency that we are using, bitcoin will always be here as we need and support it, the demand will increase since people are satisfied with the benefits. |
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If bitcoin died tomorrow, I would cry for a moment and move on.
I would accept the fact that I knew bitcoin would die someday and I risked my money to it in my own volition.
Yeah, we have to move on if Bitcoin died tomorrow. However, there might be some other cryptocurrencies which can replace Bitcoin and its reputation. And these coins may be used all over the world and be accepted by most of the countries. So I think it is not very sad if Bitcoin was gone. Bitcoin died then there is another coins that will take the place of bitcoin, it's a never ending cycle, bitcoin is nothing without our support so if we support other coins then such coins will be popular. |
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Hello All,
What you think is the best investment to gain steady income in btc without actively doing anything?
So no trading/gambling/loaning etc.
Steady income more likely to be 'small & secure' than 'big & risky'.
Thanks,
BR Oinas
If no trading ,gambling and loan, all i can think is only investing to a well known company. Maybe buy and sell could be one thing to have a steady income. It's still risky though, all you can do to be safe is just to look for a decent job that pays you well, and maybe later if you were able to save then that is the right time to invest in a company your desired or probably have your own. |
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It's real, otherwise we will not reach this big value of price, people trusted bitcoin and they are not dumb as they even develop new currency or tokens in the crypto where it supports bitcoin or integrate bitcoin in their system.
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perhaps the biggest disadvantages to the current bitcoin is, the amount that has limits. Well, if bitcoin always have the amount increased, perhaps it would be very nice to be distributed throughout the world. maybe so, bitcoin will be well received around the world.
It's not the disadvantage, in fact it's the advantage since there is not inflation like fiat. One of the reasons why people use and hold bitcoin is the value will grow overtime. |
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