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361  Bitcoin / Bitcoin Discussion / Re: What do you think are the biggest disadvantages of Bitcoin? on: August 25, 2017, 02:53:38 PM
Bitcoin is not globally accepted because of its unstable value when converted in fiat money. And also it don't appear in real world because I assume it is a "virtual currency" which grandma and grandpa will hardly understand.
362  Bitcoin / Bitcoin Discussion / Re: Why people are holding Bitcoin? on: August 25, 2017, 02:36:23 PM
I think many individuals hold the bitcoins in light of the fact that bitcoin's cost will be more costly later on,
bitcoins be considered as new computerized gold and advanced resource, bitcoins can shield their whealthy from expansion
so they hold bitcoins for long time. you have to take a gander at the master plan.
at the present time you are quite recently taking a gander at a brief time frame where bitcoin cost has descended a bit. on the off chance that you take a gander at two or three months you can see an ascent from ~$880 to $2900 and at this moment it is sitting between $2200-$2400.
regardless of the possibility that it falls more it will at present be a whole lot higher than the couple of months prior
363  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin overcome Paypal? on: August 25, 2017, 02:23:10 PM
Perhaps yes and perhaps not. Yes because the value of Bitcoin has greater value than any fiat money worldwide yet, Bitcoin still has an unstable amount which why some people don't believe in Bitcoin because they don't understand its capacity to transact using a virtual currency(but still have a value which can be convert in fiat money).
364  Economy / Economics / Re: Is it possible for the bitcoin to lose it's value ? on: August 25, 2017, 02:12:22 PM
Hi , I'm new so basically I still have a lot to learn about the cryptocurrency , but I would like to know if it would be possible for the bitcoin to start the downfall ? I mean like what scenario can happen that the bitcoin would be pushed back like 5-6 years ?
Sorry if my post is in the wrong place or it's not relevant.

Bitcoin lost %80 of its value after the GoX crash in late 2013. People panic sold their coins in despair. The price fell from over 1k$ to as low as 200$ in time. The recovery took very long time but those who hold their coins won the jackpot. Even the top buyers made at east %100 profits since then.

Can bitcoin lose its value? Yes. Only for a time.

In the long run, there will be a recovery as always.

The Solution: If you won't be able to deal with the pain of holding bitcoins for long years, only hold the amount you can afford to lose.
+1  this is a good advice and strategy if Bitcoin will really comeback in downfalls it may be double or triple the value when it arise from a 80% crash like what happened few years later.
365  Economy / Economics / Re: bitcoin provide income on line? on: August 25, 2017, 02:00:04 PM
Yes it can provide income if one's invest in some campaign or join/apply in signature campaign. Also in trade, I read quite few about trading because I still know few about Bitcoin and by all the source I get by trading you will buy bitcoin(when the value is low or the current) and you will sell your Bitcoin(when the value of the bitcoin increase *you will have the same Bitcoin amount but in increased value if desired to convert in fiat money*).
366  Bitcoin / Bitcoin Discussion / Re: Is bitcoin is the new era of currency? on: August 25, 2017, 01:44:43 PM
We can it is because it is really a virtual currency because there is no such Bitcoin in real life maybe one's can encounter a prototype or have the insignia of Bitcoin but it will hold no value buying goods and things in reality because it is not still globally accepted. We can transact, trade, and invest by using Bitcoin in internet which paying via Bitcoin is applicable.
367  Bitcoin / Bitcoin Discussion / Re: What do you like best about bitcoin? on: August 25, 2017, 01:28:12 PM
There are many things I like in Bitcoin. First is the its value increased within years which can be convert into real money. Second is the possibility to beat banking system because of freedom to use Bitcoin is visible. Tax don't come with bitcoin. and there are many ways to use Bitcoin in transaction and investment and income.
368  Bitcoin / Bitcoin Discussion / Re: Bitcoin is instant way to get rich ? on: August 24, 2017, 01:53:11 PM
It's hard to say instant but I can say its one of a good way to start. Because if someone invest in Bitcoin system it is possible to earn more bitcoin and money. one thing bitcoin does is sidestep the current monetary framework and could in this way possibly give administrations to unbank and underbank countries all around the globe.
369  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin money? on: August 24, 2017, 12:53:45 PM
I know Bitcoin is a virtual currency which by means similar to money. Usage of Bitcoin is to transact, trade or buying products in cyber world  and market in the internet. Furthermore Bitcoin can be withdraw and convert in local or foreign currency.
370  Economy / Economics / Re: [CHART] Bitcoin Inflation vs. Time on: August 23, 2017, 03:20:11 PM
It gives a relief for us newbie to encourage us to learn about Bitcoins  Wink
371  Bitcoin / Bitcoin Discussion / Re: Aug 1 summary on: August 23, 2017, 03:10:37 PM
It is a relief for us, Newbie to encourage us to contribute more and understand more in this forum with a chance to earn Bitcoin.
372  Bitcoin / Bitcoin Discussion / Re: What is BTC for you? on: August 23, 2017, 02:43:12 PM
What is bitcoin for you? Is it a chance or a scheme to get rich? Or is it actually to keep your wealth to yourself.
What lead you into bitcoin world and what's keeping you here?
Bitcoin for me is a virtual currency and more efficient to use because one's transaction can be done by using Bitcoin. Bitcoin maybe a chance to get rich if it is used in good things spending it wisely and not for fraud. I found that there many ways to earn Bitcoin and I found out that is interesting.
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