Simply don't understand why a bitcoin has any value at all. who was the first person that decided a bitcoin was worth trading for real cash?
Everything begins with an idea, that may be worth a lot of money, but few people realize this. That's why the very early investors will become potential billionaires if they hold on their coins, but im sure that most of them will panic sell along the way and this will help to redistribute the Bitcoin supply along more people as well. |
|
|
|
Bitcoin is virtual or illusion online money.
It can't be touched so it is not a real money.
Bitcoin is just number which is visualized on our monitors, but yeah it is real money because we can buy things.
It's 'machine to machine' transactions but it makes sense to us, same like the e-banking money.
Are you kidding me. So money is money because it can be touched? You must be living in the 19th century. All modern money doesn't exist, it's just numbers on computers. Physical money will be gone in 2 decades or so, no one will use cash. It will all be digitalized. Money is money if it gives you what you want to exchange with it. That's all. The people of the past used physical stuff to trade because they didn't had any better options. |
|
|
|
|
The total debt of the USA is about 20 trillion dollars. That's a ton of debt per citizen. With Bitcoin you know that you will never be under heavy debt for life, where your money isn't really yours because it's on a bank that may steal it from you. You know you aren't funding wars by supporting a goverment issued currency with secret agendas. You don't need to pay ridiculous fee for worldwide payments. More privacy..
Of course that everyday people don't have any problems paying a credit card or whatever, but think long term. Once goverment starts their total control of money plans, they will look for alternatives. Cash will be dead in the next decade.
|
|
|
|
|
It does nothing to me, im too used at seeing my portfolio move. As another long term investor here, the only thing that would make my heart start beating really fast is if Bitcoin went 10K+, then that would be some life changing money, as of right now, it's a good extra savings, but nothing worth losing sleep for.
|
|
|
|
|
Some say ETH is the oil of the future, BTC is the gold of the future.
In any case, the oil bubble will eventually collapse, the electronic motors for cars are getting so damn awesome. Formula E is great, the cars acceleration is insane, even tho I still see the formula 1 remaining active for nostalgia's sake. But day to day usage, less and less oil cars will be seen on the street in the following decades.
|
|
|
|
|
Will never happen. WE got tons of millionaires on this ship, they will never let it drop below anything we haven't seen in the past months. This was the last time to get anything below 200 dollars. Too much stuff going on right now to leave the price slide down the sub 200 path again. Sorry for the guys that didn't buy yet.
|
|
|
|
Hello everyone, I want to know if it is good to invest on what goods while there is stagnation in economy, for example is it good to invest on real state, Gold, buying stocks...? Suppose stock market has been collapsing for 1 year and real state market prices stop and decreased. What decisions are considered intelligent decisions?
Real estate is really good when they are printing money. The problem is that I dont know if when the bubble pops, the country will turn into communism and steal your land, or they will just confiscate everything. Hard to tell. Best investment is always the one that you can control the most. So i`d go into the crypto world mostly. There's no way a political party with an aggressive enough agenda against nationalizing private propoerties will win in any advanced society. Even the most far left parties out there have a certain threshold where they may start imposing higher taxes, but stealing your property? Don't think so unless you have a ridiculous amounts of houses, like 20+. Most people here will not deal with such problems in my opinion. |
|
|
|
once people start using it more as fiat currency. market cap isn't a big issue as far as being being a currency. people are using it already as currency.
If he is talking about a non volatile price then market cap is a big issue... 4 billion marketcap is nothing, a single whale can manipulate the price. You can't have stability like that, that's why we need a lot more billions in the pool so it's harder to manipulate. This is good news for early investors like us, since there is no other way but the price going to marks once the marketcap starts going higher. |
|
|
|
More ad hominem from the usual suspects.
wanna cry?  There's no way Dorian Satoshi Nakamoto is 6 foot. On a serious note, I still do not understand how big blockers still don't seem to get it. We already have centralized mining, im still waiting for a convincing explanation of how centralizing the nodes would be a good idea (and this is what would happen once the blocks become too big and they will). Having to rely on offchain transactions isn't ideal, but the world isn't ideal, and it's certainly better than a group of 4 or 5 private companies owning most of the nodes. |
|
|
|
the world is clearly moving into a more electronic era. Bitcoin is a superior electronic currency...
bitcoin need to embrace phisical shop too, if it want to expand it faster around the globe relying only on online shop can cut a big portion of adoption, prematurely This, but more than shops, I think services, like restaurants, bars and whatnot, where you can't have that experience online, because you need to go out. Those places will always have people in real life, therefore they would benefit a lot by accepting Bitcoin in the future, but they should start now to be pioneers. |
|
|
|
Thats why we must never forget about the importance of small transactions like those. Buying some coffee in exchange of Bitcoin impressed them more than any of the revolutionary protocol tech stuff you could explain them.
Careful, you might prompt some nutjobs to lecture us all on the evils of permanently storing cups of coffee in the holy ledger.  They'd have you believe adoption in this manner is irrelevant because Bitcoin is just going to be a settlement network for the wealthy. They'll tell you Bitcoin can't scale to allow everyone to transact in such a fashion, so there's no point in trying and we should concede defeat now. They honestly believe it doesn't matter if the developing world, or even the average user, is priced off-chain, because the only important aspect of Bitcoin is how cheaply you can run a full node. Personally, I think great things will happen if more people use Bitcoin for everyday purchases without relying on banksters or card providers. I agree that small transactions like that will be vital for future success. You have a point, but that doesn't disprove the fact Bitcoin as we know it would be dead if the nodes become centralized, which is what would happen if absolutely everything went on the blockchain. Can you guys please consider a scenario where both mining and nodes centralized? Might as well use fiat then ffs. Lightning network will allow for small transactions. Yes it sucks that we can have all of it on the blockchain, but it's better than having a monopoly of centralized nodes. Until anyone comes up with a better solution, we'll have to deal with it. |
|
|
|
Well i just found this movie in torrent, I saw before the trailer but didn't know that it is available for download. Going to write here a review about the movie, but it seems very promising  I think (if we are talking about the same film) that it was some controversy with this movie because you had to pay for it and couldn't watch it for free. Some people thought that it was a bad idea to do this, and they would have benefited more by putting it on Youtube and making money off ad revenue. |
|
|
|
I think is the best way to advertise the bitcoin is in comercial televisions world wide. Explain what is bitcoin comercial something like that can understand by people...
The suggestion is clear, but the question would be who? Because bitcoin has no ceo, no company representatives etc. I think the best way is when third parties advertise for their service in bitcoin. Well, by advertising Bitcoin in general, every third party involved benefits. Similarly, by buying Bitcoin, you are somewhat "investing" in every third party that has something to do with Bitcoin at once. Everything that benefits Bitcoin benefits everyone that is involved with it, that's another thing that makes it such a great thing to hold in your portfolio. |
|
|
|
What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?
Bitcoin's value will be stable in the near future and it will attract more investors. What do you consider the near future? The 5 year time point from now? Near future to me is coming months, and I don't see price stabalizing for now. Especially with halving coming up and the many many bitcoin investments and companies rolling out. Bitcoin might become stable once it is pegged to goods, such as food. The price is never going to be "stable" or as stable as a fiat currency, simply because it's a free market with Bitcoin, without regulations. Market players can do anything they want, so the stability will come naturally, and not forced through regulation. I predict at arounf 2027 when the curve of the halving becomes near a straight line, the price will make anyone holding something like 10 BTC rich, and the price will be pretty stable by then. |
|
|
|
|
It will change a lot thought time since yo uhave to consider the current price. In the future, anyone holding something like 21 BTC may have a decent impact on the market, as of right now while we are still on the early stages, here is how I see it at the current prize:
100 BTC: shark
1000 BTC: small whale
10000 BTC: medium whale
100000 BTC: big whale
1000000 BTC: satoshi
|
|
|
|
|
He deserves it only because he solved the byzantine general problems alone, besides the actual Bitcoin software, but we know he will never get mainstream recognition, or not until it becomes way too obvious that he did an insanely important contribution to humanity, whill will take years for the general public to understand.
|
|
|
|
Some people think that the subsequent reduction in supply will drive up the price. I don't really buy that. There's already enough coins out there to meet demand and of the coins traded every day, the volume is multiple times more than the mined coins arriving. If demand rose significantly then it might be a factor but outside sentiment, which is more important than anything so it does count, I don't think there's any other reason for it to rise.
I understand the supply and demand thing. So what you mean is that the price increase after the halving does not have a solid proof that it will really increase at all?  No certainties. Pretty simple, I must say: if demand stays the same or increase, value will increase; if demand decrease and supply decrease, price will go down. Also in the second scenario, miners that won't profit in these terms would likely leave the scene for a while or leave completely. I am very wary of halvings, as I have seen the negative effects of halvings in many other coins before. Bitcoin is too small compared to the general economy to work completely like a commodity: halving reduces the excitement brought by mining - this reduced excitement could have a negative impact on price. [/quote Halvings are good. If greedy miners aren't happy with their gains, they will go, but other people out there will make profit from the reduced difficulty. In any case, by the time halving arrives the price will be at least x2 of what it is now, so no worries. Even if its not, like I said before, it's a non issue. American dude doesn't find profit, then some guy in some other country with a cheap electricity bill will. It evens out the space of mining. |
|
|
|
What happens to the guy's money?
dont worry the money/bitcoin is on the blockchain, wont dissapear. Is it stuck.. for how long?
hard to say, btw is not stuck, just "waiting"  , you can check it at https://blockchain.info/Can a transaction be unconfirmed for life? what then? scary.
hell, no, soon or later it will be confirmed. btw, you learn the leson, dont use 0 fees  Thanks for replies. I am not a noob, I would never put 0 on the fees, but I was wondering what would happen because its a real posibility that has a noob you think its just some sort of optional donation. I just use the default fee as suggested by the Bitcoin Core, I have never used custom fees. |
|
|
|
In my opinion, Bitcoin is some kind of property, because it can be exchanged to any currencies, by this mean, Bitcoin is some kind of property instead of currency.
IRS view bitcoin as a property yet they tax it and it isn't exempt from vat there i'm lucky that i'm in euro, this is definitely a good news for us, for this alone bitcoin should grow better here Does bitcoin attract vat in the US or just as a kind of income and you have to pay tax on it? Afaik, they tax it by capital gains in most parts of the US. Yea, in the US they tax it as a commodity and for that reason capital gains is applicable. I like the EU stance on Bitcoin, because it acknowledge it as a currency. I think the EU just want to move closer to a cashless society and Bitcoin is the enabler for that move towards 100% digital fiat. We know Bitcoin can be used as a investment entity and also a currency, and this makes the decision open to interpretation of it's use case. Im not sure about this. I always have second thoughts about governments being nice to Bitcoin. Sure it's a great thing, but at the same time, I think "What are they gaining from this to be honest?". Wouldn't they prefer to have their own crypto coin and not Bitcoin which is open source and decenetralized and gives people actual never seen before economic freedom? I wonder what will happen in the following years, its really exciting. |
|
|
|
To be honest i have been trying to get my wife, daughter and all their friends to look at bitcoin. All these woman just smiles politely and often just say 'Show me the money, so i can spend it' ... When i start talking about the blockchain and what they need todo to actually use it ... They all look at you like ' Water is burning' and say 'Pffff way to complex' Have been giving away alot of friends a usb stick with back then $25 value of bitcoin, everyone of them either lost the coins by scams or the coins had been stolen by hacks. I am pretty sure most here who claim to be girl/woman are just men dressed like a woman or faking to be a woman to get benefits from pretending  Or they are married to one of the richer bitcoin lads who have several companies in the bitcoin industry. The only real way to get a woman to use "crypto" is to give her a debit card preloaded by men Yes, unfortunately it is like the same as showing the internet to a non geek back in 1990 and trying to tell them how awesome this technology is. They will think it's complicated, that you are a big geek and a weirdo for enjoying this convoluted complex thing. Well guess what, congratulate yourself because this only means you are ahead of the pack, you'll be compensated by history in form of riches and they will see it all pass before realizing. |
|
|
|
|
Show Posts
