I don't think bank will allow Bitcoin in their service, cause untill now as my knowledge there's no country announce Bitcoin as a valid currencies so cause bank will follow what a goverment rule, but if bank accepted Bitcoin in their service can make Bitcoin more popular and maybe will be give advantage for Bitcoin community
They are not seeing bitcoin as a currency while banks only accepts currency deposits and valuable assets. Bitcoin is not in their system and there's no government ruling to consider it as an asset and people are allowed to use legally. |
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We all have some amount of bitcoins in our wallets..
Do you really think bitcoin is a currency Worthing you more than a real currency...
I do because real currency price won't grow up or down as bitcoin...
So do you or not ??
And also have a discussion about its prices in future..!!
Yeah ofcourse bitcoin is worth to me, it make me free from bank system which centralized. And also it just such as an invesment and resource for me. I really get saturated of using fiat. In my case, I do not worry so much with bank being centralize because I have nothing to hide with my finances and I don't have a lot of it. The good thing with bitocin is I treat it as my investment and I stay here because it already gives me good income. |
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Trading is best source of bitcoin nowadays
You should be profitable because you can say that, trading is still risky and only if you are making a good prediction will make you profitable. The risk is there and this is not good for everyone as it needs skills. |
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No I do not think it would be so popular as it is right now because no one would invest in something too stable, no fast profits.
Fewer investors, that's true, maybe they won't see any potential in Bitcoin if they don't see any good price movement, but as a currency, it could still become popular, and maybe if people sees it like that, as a currency or a substitute to money, the price might not be rolling up and down like it is today. There are different type of investors, what you are talking is that an investors who are just hoarding bitcoin and to be honest with you it's only good for them when the price will increase because of the demand. But when the price will be stable, it's a different investor will come in and I think big merchants will be happy to serve the adopters as they are not afraid anymore to gamble with their business. That's what I am saying, merchants would not hesitate to try bitcoin if the value isn't moving too much, they won't be seeing a scary price chart and no one will create a news that "bitcoin is dead" that could drive merchants away, which I really think could make them feel at ease to accept bitcoin. I don't think the fluctuating price of bitcoin would scare to many merchants off anymore if they just looked into the options available to them. Some online wallets that offer merchant service will allow them to hedge the bitcoins they receive against the local or US dollar. Maybe the reason then is due to lack of government compliance, bitcoin is not regulated so they might be afraid for possible problem that may arise in the future, like ruining the reputation of their name or possibly stoppage of business. |
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In real life this is not possible. You can't stop people from using their coins this way or another. Bt in some theory if everyone stops using bitcoins that could affect the price in some way, probaly negative, the price will go down, but on the other side the coins would still be there just not circulating on the market. With the time people would start to sell the coins to get rid of them because in that scenario there would be no use of it.
Nope cannot be done but the fact is that it stays something that is an option soon or later, for the most part people are holding it for a long term too. Though bitcoin is popular as an investment but the total number of spenders are still huge compared to investors, we cannot deny the fact that we like to spend especially when we love to be entertain online, there's gambling sites that always temp us to spend. |
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The bitcoin in 2100 would be a lot bigger but its in the first place the question if it will stay existing for so long.
It will if you believe, bitcoin will stay with our constant support and it might even be bigger in the future. |
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It would be bad for the bitcoin and it could even destroy the bitcoin because the bitcoin is depending on the dollar right now.
It's not depending on dollar but it could make a big impact to the economy of bitcoin in a positive or a negative way. The positive way is that, people will store their money in bitcoin so it can grow it's value, or people will do panic selling since they need the money. |
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For the moment I think excessive if the existence of the bitcoin replacing fiat money. One of the functions of the State is to ensure that prices are stable, and that can only be done with fiat money. We all know, bitcoin in 1 year have gone up about 250%, and this could make deflation so that people will not be issuing a bitcoin and hold bitcoin.
Government will issue currency that is under their control, without their control, economy will break down whether the people hoard or don't want to hold their bitcoin anymore. Not to mention that the number of bitcoin might not suffice to replace fiat of a certain country. And that makes Bitoin cannot replace fiat, it's only a fantasy for people who does not think wise and just letting their words coming from their frustration to increase the value of their assets. In real sense, it's not really possible, fiat is still powerful. |
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A banker is enrolled in a signature campaign... Go on mate, I'm all ears!
and why not? why should i do for free something that can be paid? i'll post around here with or without the signature, so again, why not? and you didn't even tried to argue against what i said... what a joke. ps: i said i'm banker, not a millionaire or something like. ps2: you're in a signature campaign too. You work into a bank doesnt make you being more special then others, even with several beneficts you might have, why dont buy them directly, anyway the profession here isnt the question. Banks can provide an interest, but we dont need them at bitcoin since there are exchanges and casinos that already does provides interest for our bitcoins. I guess you are right, who needs bank when we are earning even more than the interest banks can offer, not only exchange sites or casinos but holding alone can already make us rich if we do it in long term. |
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I consider myself quite competitive in that regard. Yo be honest I prefer to save most of my coins instead of spending them, but I try not to waste a good investment opportunity when it comes.
That's the purpose of savings, you save money so when an investor opportunity comes it you can easily grab it. Some does not understand it and they only save for future expenses and not for future investment. |
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For me i think it is created as business but now this is not only a business this will be like charity that all people can get money by doing some work in bitcoin and most of the users now are doing investment
But could somebody create something that powerful being inly inspired by some ideas of business and stuff? I don't think so. I guess rather it was planned as a charity, anti-governmental project of the manifestation of human will and then became something used in business. and I would invest with someone creating something powerful with some business ideas and stuff. because will be easier to earn bitcoin with investment Investment would give you a good chance to be profitable, it's the only way to be profitable. You can buy bitcoins and just hold it longer, however bitcoin was not really created for investment but as an online currency we can use to transact. |
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bitcoin is a complicated algorithm and children or a teenager tend to not like things complicated, if you continue to impose complicated things that will make him confused and will probably end up hating or trauma
The simple way is we recommend through the game, many game related bitcoin, when they already collect bitcoin then we have made the wallet, then we recommend and inform the exchange site. In a small way it slowly they will know bitcoin. Faucet is good for kids as they have a lot of time to burn and it's a good start to earn, they have not tried earning before but with bitcoin by only playing in their computer they can earn and that is productive I guess. |
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the aim of every business man or woman is aim at making profit but it is possible to invest on bitcoin and investing on bitcoin is profitable compare because to every other online business one can ever think off because if a man get to find find out that there are know profit in the business he or she is doing they back out. so i will say bitcoin is best one can invest on.
Every one is aim to make a good profit and always take the price but it is really impossible to get what we really wanted after invest our bitcoin in to investment website lot's of investment website nowadays is turning into scam because it's christmas season WE are too greedy on wealth where we are just depositing to waste money. you are right but there is still both chances of increase and decrease of price of the thing that You bought , So you always need to take wait for long time after invest . I am targeting to make trade with Bitcoin and altcoin with patience . It is not too long since some experts have claimed that Bitcoin price will crossover $2000 in the next year. Under this right conditions, there is no doubt that Bitcoin will skyrocket in several years later. The Yuan has drop, Trump becomes US President, Italy get out of EU. There are so many events which cause good impact to Bitcoin. Hold Bitcoin right now or you will regret In this middle time, if you really trust in BTC power and believe its price will increase a lot next year, let your coins generating extra income for you. Investing on casinos bankroll you will earn on long term and you can withdraw anytime your money with interest, currently it's the best safe investment. When the time comes, you will earn with both, the BTC rise and with the casino investment. Of course, if we believe the future price of bitcoin then we should start buying and holding now. We do not just say that we believe without action as that would not prove our confident with the future price of bitcoin. |
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Well, I guess the OP is right about most of us and yet we must remember that some people invested money in some projects or casinos and so their income depends on the price of btc now and for them the more the better. And what about sig campaign owners? They will have to start paying a lot more in btc and thus risk to lose a lot of money as well.
Don't include me to that to those people who are waiting for bitcoin to go down to that price. Because many will feel regret for investing for bitcoin and bought it at higher price like $400-$700 and then the price will just suddenly go down to $100. For sure they will lose their appetite for that, they will no longer get themselves involved to any bitcoin related investment if that happened. It's not good to wait for the price as it has a little probability that it will happen, if major crisis happen then maybe we can see that price but I do not hope for that to happen, I am already contented to buy for the the current price as I believe it will still give me profit when i hold |
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Bitcoin function in our daily life has still limitations especially here in our country. There are lots of things that I wanna do online but I can't use my bitcoin wallet, so I am just transferring it thru cash wallet so I can access/use it, the good thing is it is easy to transfer and no time limit.
It's easy to transfer our earnings in bitcoin to fiat. That's something solves the issue of the bridging between fiat and crypto. We all depend on fiat, with fiat we cannot spend our bitcoins for our daily expenses, our basic expenses are not catered in online transaction as some of it are just minor in terms of amount. |
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Are you all mad? Bitcoin will make collecting tax easyer as tax can be collected at source when you earn and when you spend. UK Government (Science Office) seem to be pro crypto as you can see fron this gov doc - distributed ledger technology.pdfAn interesting read, quote.... "Distributed ledger technologies have the potential to help governments to
collect taxes, deliver benefits, issue passports, record land registries, assure the
supply chain of goods and generally ensure the integrity of government records
and services. In the NHS, the technology offers the potential to improve health
care by improving and authenticating the delivery of services and by sharing
records securely according to exact rules. "https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/492972/gs-16-1-distributed-ledger-technology.pdfThis is exactly the main reason why did the European government like the united kingdom did adopt and studied bitcoin right away because of that certain potential that you've stated(there is only a certain problem with comes to identifying its taxpayers tho, they should have to find a way about that certain matter Wow! this could be a great news for everyone here. If the government of a certain country especially big countries it will be more popular and with popularity of bitcoin, the users will increase which would result to high price. I am glad I was able to hold my bitcoins and this good news will continue to happen. |
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Why would you buy Bitcoin and then not spend it? I get that some people keep it as an investment, but some will always use it to buy things. Even if people aren't buying it, they are earning Bitcoin which helps circulate it with different people.
in fact in present time most of the people are using bitcoin as investment, and they are welling to hold bitcoin tell the price increase, but no one is welling to hold it for ever and not sell it, in future i think people will start using bitcoin as currency as bitcoin shops will be present everywhere. Yeah, I can hold as well. I believe it will be more valuable in the future, bitcoin will be the future of crypto currency and that is the promise I am holding why I trust my investment with bitcoin. And since some have reach their dreams here, it's possible I can have mind too. |
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I counted that 500 bitcoin will be enough to me in five years. I believe to some bitcoin experts that promise 2000$ price for bitcoin after next halving in four years. After four years the price for bitcoin will grow to 2000-5000$ and I am going to keep all my bitcoins to cash it out in that moment.
I guess that's too much for me, I can live a decent life with 100 BTC. and I can only cash out half of that as I believe that bitcoin will continue to rise it's value. |
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Bank can trusted but as for bitcoin is one currency that can not be trusted with the bank because they can always have their way in control of it so i really can not trust the bank over some a month of money but i trust bitcoin over all transaction of money it is fast and is very easy anywhere you can do your transaction
Bitcoin is not related to banks at all, banks has nothing to do with bitcoins, there is not banking system that asks you to deposit your bitcoins there if you have, they can never insist you on this even if they have any services like this because they wont come to know about your bitcoin possessions. Bitcoin and banks have difference in usage, but banks are the traditional finance management supporters. Without banking system we might be living back to some ages of civilization. Now as a alternate based upon requirement digital currencies have evolved for which we should not have a negative trust upon banking. Agree! Not trusting banks, but trusting only Bitcoin might not be a good choice. Without Banks, local daily tasks cannot be performed. Not trusting bank is tantamount to saying you are not using fiat, you will know that later. Don't put your everything with bitcoin, put some doubts as you might regret it later if something bad happen with our investment or in bitcoin. |
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Most of the time it is fast, the only time that it is slow is when there are too many transaction that is being process in the blockchain but I don't think that it should be called "slow" because it only takes 10-30 minutes to be processed. All we need is to be patient about this process in the blockchain because there are too many bitcoin users around the world, not just you.
Yeah it may depend on the load on network when a transaction takes more time than usual, but i personally never faced this problem at all, my transactions never took more than 30 to 40 minutes no matter how big or small they were. well it's great for you because some of us experienced a very delayed transaction before including me it was 8 or maybe 9 months ago when I am about to received a certain amount of satoshi it took almost 1 hour and 30 minutes  but I am not bothered at least the process is ongoing there's nothing to worry about except if you need to rush The important here is as long as we receive our bitcoins with the right amount then it's not a big issue of delays. In fact, we are only seeing the disadvantage of using bitcoin but we failed to consider it's cheap transaction fee. |
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