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My rank is now Sr. Member Sir Edwardard. Changed my signature just now.
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If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?
But where are you even going to invest as investing bitcoins online is really risky and i don't think there is any legitimate bank online which even provides you interest other than freebitco. If you want to invest go to yolodice or any dice site and invest with a X10 leverage for maximum profit I think he is talking about the real bank, not the online banks, and even they have online banks, I think they have their own banks in the real life. And I don't think he is trying to invest his bitcoin, but he is trying to save or keep his bitcoin on the bank. I think it will be dependent on how the price is, about the rate, I think it will be the same as the fiats. |
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No, bitcoin doesnt need that kind of advertisement, use and share the benefits of bitcoin is still the best way to advertise, just like old times. Still be patient.
The newbie has a point here, we don't need those advertisements, we still had a lot of users even if bitcoin is not advertised on TV. I am also thinking that most of the users here are attracted by their friends or someone they know, not because they've watched it on TV, like me, my friend just told me about bitcoin, though I've watched it on TV but did not pay attention to it. |
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When someone ask me what is my job, I usually say that I am an online freelancer and it is bitcoin related. I also want them to know that I treat it as money/currency, money of the internet because it gives me now a decent amount to cover my expenses. I am willing to share my knowledge with them and if they wanted too.
The truth is, I don't know what to say when someone ask me about my extra income, I did told them that I have a side line, but I don't know how I will make them understand. That is the reason why I just stay silent and just answer some of their questions about it, but ai don't ask really answer their questions completely, trre are some answers that they need to find the answer themselves. |
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I have created a better place than gold, many people become stunned to see this high level of value, if this level will increase at the same rate, then it will be a huge Amount of money.
I've prepared a perfect value for bitcoin
What are you saying? You created a better place than gold? I think you are talking about the price of bitcoin, not it's value, value is different from price, it's value is currently increasing the time price increases, the reason is that, many people are using and buying these digital currency. Who wouldn't want a currency where you can send accross the world with low fees. |
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Bitcoin is decentralized so that whoever you are from wherever you are rich or poor, you are free to use bitcoin for any purpose. Bitcoin is freely used for anyone. anywhere
What is your response with this opinion?
That is what bitcoin is created for by satoshi nakomotu.He just wanted to free people from banking sector by creating such a currency.Bitcoin too has achieved this day by day.Bitcoin has become the worst night mare for bankers.Bitcoin is available for every one irrespective of caste and creed. beside that, we can manage our bitcoin by our self without interfere from other people and we can send or receive in any amount without have to write something except writing the address wallet to send the amount. bitcoin is created for freedom but for this purpose, we need to limit our self so we don't have to get illegal activity when we used bitcoin to send or receive. It doesn't matter if we pay for things that is illegal or not. Bitcoin is a digital currency for every people who wants to control their money independently. Having a freedom to his money. If we limit ourselves from something that we do or we want to do, that is not freedom. Having a freedom means we can do what we want, even if it's illegal, we can do it, but the consequences after must be taken responsibility by yourself too. |
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It wont affect bitcoin
I think that if enough of those centralized government created coins are created, eventually people are going to realize how much better bitcoin or any other alt that is decentralized are, so this may have the opposite effect than the one they are looking instead of people using the centralized coin, people are going to want to use bitcoin, thanks to all the good characteristics bitcoin currently posses. I think there will be no problem here about Russia making another cryptocurrency/altcoin. Many countries done the same thing and it's effect is just the people are more in favor of using bitcoin. That is right, these digital currency that will be made will be surely centralized, after using a decentralized currency, I think they will be confused. |
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We have crossed the $2,500 mark once again. I hope that this time the rally will take us beyond the $3,000 mark. Anyway, I believe that the next major resistance is going to occur at $4,900 - $5,000 levels.
This is giving us some more encouragement that we'll see the price of bitcoin back at $2,700 and will going to cross and break the barrier of $3k. With the good news coming out, for sure many wants to sell at that rate. And so for those people that are hoping to get some decent profit at that rate, be ready again people. Many people are getting excited about the upcoming price after the correction, it is rising though there might be another panic after these price correction and may cause a dump. Many people are getting their predictions to what may happen these August and also planning what to do, we just hope it will not be a dump. |
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Bitcoin has first mover advantage. It has reached a market cap of $41 billion. No other cryptocurrency is anywhere near the half of that. Bitcoin is here to stay. It is the first choice for everyone who starts with virtual currencies. Bitcoin introduce people with other cryptocurrencies. Bitcoin is not going anywhere.
Well, as the first digital currency, what do we expect right? Bitcoin is released 8 years from now and it's been popular since then. Many people questioned what bitcoin can do, and how long will it last, well, it's been alive for years, many haters said that it will die, many times from now, but it is still going, not just going, but being a successful digital currency. |
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Thanks for the advice. I'll think about it as I look for an exchange. And it's true I was gambling.
Every investment is a gamble, without risks, you will not earn or get a profit, you will always be scared to invest. We still don't know what may happen to bitcoin's price this August, many predictions are being asked and told, still we don't know what may occur. These days, bitcoin is not the only popular digital currency, theres ETH which is following bitcoin, maybe you can check it too. |
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I think in the presence of bitcoin will reduce unemployment, because searching for bitcoin also requires hard work and creativity, and competitiveness in bitcoin is also high almost similar to work in the real world
What is your opinion this time?
Agree with you mate and it has a big help for those people who have work but the salary is not enough to compensate all the needs of their family. Like me my salary is only equal to our expenses and i do not keep any cents for savings purposes that is why i am thankful that i discover bitcoin and now i have savings from earning in bitcoin. Just like your story I have just told my young brother and I just promised him that I will pay his school from my bitcoin earning. Before I find it difficult to assist others because of the low income but now I can boldly assist. Bitcoin can help eliminate unemployment. Yeah there is a lot of people afford their family member education or other expenditure through bitcoin and bitcoin make our life too much easy a lot of unemployee people are earning good income from bitcoin and afford their daily expenditure with bitcoin so I can say that bitcoin really reduce the unemployment. Right now people who were aware about and using bitcoin is low, so that the earning access and the living with bitcoin earning is possible. When adoption goes beyond certain limit we cannot expect the same will continue. Because in the past free giveaway was provided which later was stopped on the popularity it gained. Bitcoin that time is new, so to gain popularity, it needs to be introduced to people, no one will buy it because no one knows if its legit or a scam, that time, it is given to peoplr for free, when the users know what can these digital currency do, they started buying, which leads to increase of users, and increase in price, obviously, who will give bitcoin when it has price. |
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It is really hard to believe that there is something that can grow with the rate of 50% a year. Not to say 200% a year. There is always a correction stage and it should be coming soon.
Hard to believe and to see is to believe that's why many are not going to predict with the craziest speculation. My prediction isn't that accurate by I'm always trying to move forward with the most possible prediction, once there are other countries started to recognize bitcoin and use it with their economy, price will be good at $3,000. Can not imagine the speed of bitcoin movement this year, even I still can not believe bitcoin rises that fast. I think that the price may be going down. But looking at market conditions. The price is quite strong Well, nobody expects bitcoin to move based on what they want to, and we all know that bitcoin do these a lot. I just hope these pump or "rise" continues until next year, I didn't mean that it will always rise, I mean I hope it do not dump bigger, I hope the last dump happened last week is the last. And I also hope, that even these August, the price don't change. |
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For the moment I think it's impossible, we all know that the USD is the world's strongest currency, all countries transactions use USD so impossible bitcoin could replace USD.
Of course it is impossible to happen, not only impossible to replace the dollar, but other fiat currencies. Come on bitcoin will not replace any local currency #imo Yeah this will not happen. Not only dollar, bitcoin also will not be able to replace other currencies in all countries, I do not want this to happen. Bitcoin may be a good asset, a good digital currency, but it will never replace dollars or even many other fiats, bitcoin is volatile, it's price changes every minute, who's country want a currency that's change it's value every single day, that will be bad. Though, it can be used as a alternative payment especially online. |
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Maybe because they are natural fighters but I don't think they hate people or maybe it's all about what society think of what they are, maybe they are just trying to protect themselves. People tend to think that they are savages because they are muslims which is not really true.
They might be natural fighters, but a fighter fights when they have to fight for, you don't need to kill anyone esepcially the innocent ones without any motives, they don't need to be killed because they dont have anything to do with that. If they are not savages, then they are murderers, they kill people senselessly. |
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Investing is basically HOLD
Trading is when you sell high buy back lower.
personally I like to to do both. Mainly hold but trade like 15%
Investing is not just all about holding, maybe you are talking about holding bitcoin, into assets until they have a great price when you trade them. But there are investing when you just hand out your money to projects, so we can say that investing is all about patience. Trading is also good, but it is all about your skills and timing. |
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Then Bitcoin is used by them, I just hoped the time Amir was caught, the dontaion to these Dark wallet was halted. I am thinking maybe these guy is a terrorist after all, he's name is Ali Shukri Amin, sounds like a terrorist name. What I am wondering is that why is he doing that? He knows that ISIS is the most dangerous enemy the government has, helping them is a treason, so what or how can helping the ISIS help him? Does he get any benefit from it? |
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I think it is possible for bitcoin to replace the conventional money considering the diminishing number of materials that we need.Also bitcoins can be transferred more easily that the conventional money itself by the means of internet.But bitcoin still needs to improve itself to be able to replace the conventional money that we have.
That is right, bitcoin cannot replace bitcoin, but it has a possibility. But what makes bitcoin impossible to replace bitcoin is it's value, without fiats, bitcoin has no value, bitcoin has it's value because it has a corresponding price, and that price use fiats or the conventional money. There's also decentralization and it's volatility. |
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many of my friends did not work but a lot of money away was great when compared, to me that is still working in the factory, I was confused from where producer obtained from bitcoin?
Drug dealers, bug finders, bookmakers, all of these jobs can be paid in bitcoin. Yes indeed, i have also heard about this thing, there are many ways on how to spend bitcoins too, we cannnot prohibit others whether they want to spend bitcoins in bad or they want to spend bitcoins for good, they have the decision and the desire. bitcoin provides our daily needs also it will be our alternative income when we dont have money it can help us in many ways. Bitcoin is a good investment, it can give you extra income and a peek on what will happen in the future, but it does not provide our daily needs, you said it yourself that it is just an alternative income, if it provides our daily needs then it is a primary job, not just an alternative. |
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yeah, is unlikely that happens, soon will be reaching the $3000
We just hope so, there are a lot of things that may happen, it might affect the price of bitcoin, negatively or positively, we don't know, but what we kniw is that no matter what happens, bitcoin will always pump, it's the feature of bitcoin I mostly like. All we've gotta do is wait and see what may happen. |
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I have been making an analysis about how people is getting real rich thanks to the increse of BTC and it is amazing to think that people are getting real rich, lets hope and this will continue so the people that holds very little BTC also gets rich.
This is the analisis I made:
On February 1st 2015 you will need 4,219 BTC to have 1 million USD, now that is worth: 10,125,600 usd
On Febraury 1st 2016 you will need 2,681 BTC to have 1 million USD, now that is worth: 6,434,400 usd
On February 1st 2017 you will need 992 BTC to have 1 million USD, now that is worth: 2,380,800 usd
Today you need 404 BTC to have 1 million USD ( the person who has now 404 BTC it is millionaire, and in Feb 2015 just had with the same 404 BTC 95,757 USD
That is amazing.
I wonder what are the new rich people doing right know? have they realised that they are rich yet.
I didn't realize that, thanks for that information. Bitcoin is getting a lot of users lately because of the price and the way we can use these digital currency. The demand is getting higher resulting to a price pump making more and more people attracted. We just hope these price continue because we all know that these august there will be some problems, lets hope the price don't get affected. |
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