It makes no sense to call Bitcoin expensive, it is like calling dollars expensive. You know you can just by a fraction of it? You can buy down to 1/100 millionth of a Bitcoin. This is called a satoshi, after the inventor of Bitcoin. Think of a satoshi as the cryptocurrency and a Bitcoin just as a word for 100 million satoshis. Now it isn't really expensive is it? It is too cheep even.
All the bitcoins in the world cost billions of dollars, is that what you mean by expensive? If that is the case, then take a notice that the amount of money in the world is easily in trillions. That makes Bitcoin an insignificant part of it and it is technologically far superior to fiat currency.
Interesting point of view, never though about this. no it really seems not very expensive  |
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The country where I live is not a bitcoin friendly country, and I know there are some countries , they are quite friendly for bitcoin. even BITCOIN exchange ATM machines are there. Actually I would like to know what are the most Bitcoin friendly countries in the world at the moment?
If under bitcoin friendly countries you mean ATMs and public spaces where you can pay by coins, then there is small number of such countries, but if you mean countries where bitcoin and mining is legal, and there are no restrictions to it, then the number will be increased to majority. |
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Main advantage of bitcoin for most people is that it is source of extra income, but there are some people who use bitcoin for other purposes, which are illegal (f.e. money laundering), and this illegal purposes are the main advantage for which bitcoin was created.
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There will be great financial lose for many people, including members of governments, from different countries, so I don't think it will be totally banned.
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After spending much time as a guest on this forum learning all I can about Bitcoin, I finally decided to join. Glad to be here and thanks for all the great advice along the way!
Now I have a question I'd like to ask. Is Bitcoin going to get to the point where it is too big to fail? The government bailed out Wall Street to avoid a financial collapse. Can Bitcoin gain the same status as Wall Street? The market cap is steadily increasing making it a big player in the game and I'm looking forward to where it is headed.
Thanks in advance!
I don't think that bitcoin has the same status as wall street, and also it is not in possession of one country. Based on this facts I don't think that it is too big to fail, but anyway it will not fail in the nearest future, this is for sure. |
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I do not think it will be crucial year for bit coin, i just think its price will be more constant. It will not be growing up or reducing radically.
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I heard that we can make much money by mining Bitcoins before, but now we cant anymore. Why?
Now it is more difficult to mine bitcoins then earlier, you need much more time. But price is grew up significantly, so when you mine you get more profit. so i dont think the situation changed dramatically. |
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Yes, bitcoin and alt coins give chance to everyone to earn for living and for better future.
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If government really wants to tax you they will come up with some excuse
yes but it is difficult to manage and bring into practice, and maybe there is not enough will from the side of governments to tax cryptos. |
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Yes, social media forms the society opinion, and social situation very often influences growth or decreasing of crypto currencies.
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its depends how people use it but for me, bitcoin is asset and cryptocurrency both  Yes for sure, it is currency and asset at the same tome, depends how you use it |
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Crypto currencies became the part of our everyday life, once you get aware of it you can not give up  |
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And why are you interested in? This is a good place to share knowledge and get experience, so why do you need founders?
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When someone wants to invest they ask to pay in BTC, in this way they avoid all this difficult, time consuming actions which are accompanied with buying BTC. So they same their time I think, it is one of the reasons.
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Banks will not disappear, but they might change type of there activity, more likely they will change their system. |
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We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model. How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?  And how do you see it's future? We are already using it as the payment system. For example we buy alt coins with BTC, in some public places BTC is also acceptable, social networks say that they will ad crypto currencies as payment method. And I pretend that crypto currencies will be more and more popular. |
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The risk in investing in bitcoin is very high, especially in political policies in some countries in the bitcoin anggal illegal so needed a solution to solve this problem
I don't think it will become illegal in more countries then it is, but there might be tendency to regulated crypto currencies somehow, in this case it might contain some risk and reduce income. |
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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 ?
We live in the digital world and methods of exchange also alter and became more adapted to the modern community and requirements. World is developing so currency is also on that way. |
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eth is good now ..
The development of eth is very good in 2017, and in 2018 will continue to jump much higher. Holding eth is a nice alternative after btc. Nice and cheep alternative i would say |
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Time of BTC transactions, which are permanently delayed.
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