Is because the name "Bitcoin" is the best name for a crypto-currency.
No other name will be as good.
Maybe because its very trending in the Internet. Particularly here in my country, though most of people here still not knowledgeable in bitcoin, but they often heard it for the different companies which MLM(multi-level marketing). I don't think bitcoin is much trending in the internet, several other incidents were trending in the internet. Personally if some video describing all the features of digital currency gets in the top trending videos of You Tube can get more popularity. |
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Bitcoin for daily use is not popular much. In limited localities people have got the chances of using bitcoin for their daily needs. These days recharge services were found more for the bitcoin than many other daily needs of real time.
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Without verification buying bitcoin is really tedious. It can be made successful with very few trading and exchange websites. Because most of the time on fiat transfer for bitcoin buying the identity gets revealed through the banking account. For this purpose its better to find traders accepting gift cards and then buy bitcoin for gift cards.
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Well for now you can assume that its quite stable and a worthy option to consider. It will never(not at least in the next 100 years) beat fiat, but surely as the number of users increase, could be the biggest competitor to fiat and even gold(if you talk about investments)
So it sure is going to be quite prosperous in the future, and it is the future of some money, not all of it I feel.
I am also not agree that bitcoin can replace fiat because bitcoin has just fixed number so it is really hard if we used bitcoin as the worlds legal currency. But, of course I am in favor that bitcoin would legalize and one way of legal tender. Yes, it can be the biggest competitor of fiat because bitcoin has lot of advantages compare to fiat. Example of it is bitcoin increase in value as the number of users increase while in fiat remains. There is no way in future that Bitcoin will be legalized. The main advantage or plus point of Bitcoin is its total anonymity. If you legalize Bitcoin then that will be erased. How can anyone make it as a legal tender.? Yes anonimous is one of the greatest obstacles to a bitcoin legalized by the government from any country and therefore also bitcoin made way for money laundering. Though anonymity is an obstacle, the Blockchain technology is into consideration among several countries to use it into financial services. Also several banks in various countries have developed their Blockchain based on their need and was under testnet. |
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Often we might experience a price drop and rise of $25. I don't think of making a gradual increase of $25 for a long time. If so the value goes high than the previous ath in a very short time period. Now it is a good time to profit.
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Bitcoin is one of the best commodity to invest now, equal to gold. The rising price is up to 30% per annual. And it's better than gold.
One of the weakness of bitcoin is not many people know it.
i think bitcoin always remained a good for investment and still it is good to invest your money in bitcoin. because currently bitcoin is the best way of investment both online and in real life. i think some one is interested to invest their money in bitcoin so i think it is the best time for investment, because the price of bitcoin is continuously increasing and very soon it will become difficult for us to buy bitcoin in present price in future. As described no currency gives you some earning similar to earning from any kind of investment. With bitcoin without investing even on holding it within a wallet can get a standard earning. This kind of bitcoin acceptance will make more and more users to adopt bitcoin. |
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Its not easy to explain because of the technicality of Bitcoin and how it works. I do find it hard sometimes to explain to my friends who like to bet in personal and saying to them that betting online is much easier and you can have many options to do about your betting online. If only they are open minded about new things related to internet then it is easier for them to absorb what knowledge I'm having now about bitcoin.
I think if you are to explain something to a first time listener, you will not go to the detailed structure of bitcoin. You only needs the basic function and usage of bitcoin. And it is not that hard in my opinion. For masses to adopt Bitcoin we do not need to explain the in-depth structure of bitcoin. That will only confuse the audience. For first time listeners we can make them understand the basic by explaining its value, but the real difficult in giving explanation takes place when they start exploring and know more about bitcoin themselves. I feel happy of making few of my surrounding at least know the existence of bitcoin. |
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And I think you will be success with your service
I hope so, I have not received a single request yet. I don't this will be a successful service. The purpose of the homework is to make a self try based upon the lecture provided in the high school. Now if you were to do it for a little pay how would the student gets benefited. He'll avoiding learning as well starts spending on unwanted services. Better you change the service as a guiding to complete tasks. |
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After a long, this month looks to be bad for me, lost around 0.4btc within 5 days of time. Worst thing I did was trying to compensate the loss which gave me continuous loss. Finally ended up when wallet got emptied.
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Through purse.io, you can buy stuff from amazon, and you even get a discount. I believe you can buy electronics at newegg using btcoin.
When you expect to make a purchase or service from amazon rather than selling it to fiat, purse.io helps you through the join service provide for buying with bitcoin option in amazon. |
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Can Russia or China done such a thing to erase the dominance of the dollar over the world?
Generally, there are always governments behind such technologies. For example, StuxNet
Countries might adopt the technology to invent a coin based upon their country.china is one amongst making faster growth in digital currency. We cannot expect the mirror image of bitcoin getting generated under any authority. Might get similar features but the usability differs. |
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Typically miners could have been paid good, so to make the fee as required for the companies put forth by the Op. This might also be the cause based upon the past inspection made by People's bank of China to have control on the transaction.
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You will lose if you are not patient. if you sell your coins even just a little bit higher than the amount you bought it i think thats fine. there will always right time to sell if you dont wait then you wont gain anything.
Patience is much important with bitcoin to gain the profit, but everytime patience won't be effective. Its better to plan for a targeted price and sell once you reach it, else with over expectation holding with patience results in loss. |
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Meanwhile the bitcoin price reached between $1120-1130 in the western exchanges and between $1188-1189 in the Chinese exchanges  And I hear the sound of a crying duck  Well, I hope it happens soon. prices tend to be unstable, and of course it could happen, especially in china exchanger, because I think they have the development of bitcoin prices faster than others. Well, I have set up some of the bitcoin prices. As described this time the price could touch the recent days high as the forward walk is taking place. Altogether the Chinese markets and people were much awaiting the Chinese New year. This might take the price high and falls back instantly without sustaining long. |
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BTW, the drop in price we are seeing now is just Chinese traders selling some of BTC to celebrate Chinese New Year.
Price is not falling, there is no conspiracy behind this minor decline. After day or two we should see upward trend coming back.
Or there could be high frequency traders that can't trade anymore because of the fees, so they are cashing out. The market seems to have shrugged off the news about fees on Chinese exchanges, like water off a duck's back. Price has actually increased (albeit not much) post the news. The price of bitcoin is good, though the Chinese exchanges experienced a collapse. This doesn't look to be the proper time to cash out. The price is expected to increase as everyday some difference in price can be felt. |
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It depends upon the trading or exchange website you prefer. Some trading websites have initial deposit for trading, some has the option to sell directly on creating a profile with your identity. More the bitcoin more will be the profit gained, with very small number its hard to make a better earning.
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That's a specific list for America. It is hard to find such a list in other countries, because America as a grown nation people are much known to it than the other countries. These services won't be found long as only limited number of users pay with bitcoin periodically.
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Currently Bitcoin has been International currency many people round the world use Bitcoin as payment, but International i can say is International community, Bitcoin has solid community, people who use Bitcoin because they interest with Bitcoin they see a potential of Bitcoin, they look Bitcoin not only a currencies but also investment, knowledge and technology.
What if the problem like my country ? My goverment still not legalize bitcoin until now since they see bitcoin will bring negative impact for my people ( money laundry for example ) To be an international currency ,it's not easy for bitcoin, IMO The same is with most other countries too, very few countries have partially legalized bitcoin. It depends upon the people of the country whether it bring good deeds or bad. One country's currency cannot be used in the country next to it, but bitcoin can be used everywhere with the same value. This has confirmed bitcoin to be a international currency. |
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the idea of bitcoin shops in the big cities are awesome!!! i think it will be very popular in the world and it can be one of the top tourist spots worldwide! i'm excited to know what kind of products and services that those shops will offer. i will save my bitcoin as early as now if this idea will become reality. this is really wonderful!
This would give Bitcoin exposure to people that don't know much about it and don't know how to acquire any. I think the problem is that it would be hard for a shop like this to make any money. As mentioned it gives a lot information about bitcoin to people who are not yet aware of the digital currencies. Importantly bitcoin are now need to be used directly than using it after converting it to fiat. Also now a days service for bitcoin is increasing much in every country where bitcoin has got good acceptance. |
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The best way to explain this to a beginner is to let them observe first what you are doing after they get curious by what you are doing then little by little you explain this to them that they can earn bitcoin through using, holding and trading with it and that they can join also forum where they can learn a lot of strategy on how to earn.
I suggest newbies to view the videos about bitcoins in Youtube. Specially I suggest to everyone to watch Raise and raise of bitcoins. This is the best video according to my knowledge about btc. Then newbies read the multiple thread in the forum and read btc news in coindesk. As suggested by above mate several videos explaining bitcoin and its usage were been created and uploaded to YouTube. Its the only easy way a beginner can learn about bitcoin. Several other sources are found online and separate websites are there to teach about bitcoin as well the supporting technology. |
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