Bitcoin transactions are pretty fast to my guess .not so much like card transactions .hope when its popilarity increase more then it transactions will faster than it is now.
You have the option to choose a faster transaction and you have to pay for bigger fee. But in general, it depends on the network, when it's busy of course there are delays but not a big deal IMO. |
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Bitcoin will be popular for a very long time ,but it will not be a glocal currency and usd other currencies will not be banned because of bitcoins .i think the main reason for it is the limitations in bitcoins .thank you.
Yeah, because the system is fixed and there will be no upgrade since it was invented by an anonymous person. However, it's not a problem, the crypto world is big, we have altcoins to help out. |
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These two are esssentials for making a succesful business and to have a better life. If you invest and profit what will you onbyour profit? Invest it again and again?,thats why investing is always partnered by saving.
If i had enough money to do business why i should to invest again? Taking risk at first try is actually good but we didnt know what will happen next if you will keep on investing you can say you will get essential profits but if you do business like planting rice and resell it is a good way to save money. What you are telling to us is an act of investing also, you invested your money to finance your business operation and though rice is a basic necessity, you cannot assure you will be automatically profitable. |
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U should sell ur bitcoins no matter what and u should do it once in a month .as u know the bitcoins have risk and it may br banned by ur country ,thrn what can u do? Thats y it is better to sell ur bitcoins now and then .
i think you should set a limit for yourself and when you reach to that limit then you should convert these bitgoins into your fia currency. That's important, when you are investing you must have a concrete plan where it's written and you must follow it diligently. Do not be too greedy to wait for bigger price, learn to be contented to sell even with small profit. |
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There is no tax in India on Bitcoin but we pay service tax when we convert fiat money to Bitcoin and Bitcoin to fiat. We hate this extra charge on Bitcoin. Maybe Bitcoin can be taxed in other way too in future. Maybe Government will ban Bitcoin in future if Govt faces any kind of problem with Bitcoin.
There is no tax in my country right now because bitcoin has no bank in my country for crypto currency but government collected taxes through online wallet website which has an options of bitcoin to fiat currency convertion and for cash out transactions online for only one bank withdrawal. Nowadays only one bank in my place is accepting bitcoin cash out using egivecash option for atm machine withdrawal and the transaction is very fast and convenient. It's not the bank who are accepting bitcoin, there's an agreement between your local exchange and the bank where you cash out your money. Bottom line, they are just transaction using fiat, your local exchange funded your withdrawal in fiat so you can withdraw when you convert. |
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Advice, tips, speculation please.
I am not a fan of investing, so i can't recommend you exactly where to invest your bitcoins, but i can warm you to never invest in gambling and loaning sites, as they are very risky, and often investors even lose all of their invested bitcoins. So whatever you'll do don't invest there. What i can advice is to keep these bitcoins for now and wait till their price will rise, as this way you are guaranteed to get profit, if you wait long enough I think there is already good reviews in investing in gambling casino like in betking that they are making a godo profit every month.. But we know that it is risky but there is no investment that there is no risk.. much safier stay hold your bitcoin and wait for the price increase just like now we are getting the benefits of the price increase and i think better to stay in that way so that you can not risk more because only price movement is their enemy while they are holding bitcoins.. to me i think 12 bitcoin is really a good money, i think you should try to start trading with it because i think trading is one of the most good way of making money. Well, for me I will just hold it for many years, it's safer than using it in trading when you are not convince so much with your skills. |
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With the current flow of price this year 1000btc is enough to make you a fiat millionaire in 5 years.
Cause bitcoin will get increase and increase everyday in its price.
That's too much dude, you can already live like a king with that number of bitcoins you have. Me, if I can have that, I will just spend the rest of my life roaming around the world and enjoy my money until I die.lol |
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It is kind of pointless to think of it since bitcoin is not going to have a stable price for a very long time since the number of users is still very low and as that number keeps growing then we will not have price stability and the price will keep climbing.
As long as only few people have a stash, then price won't be stable, and users too, as long as there are still few users of bitcoin and some sell their coins for profit in fiat, price won't be stable. Everything should be balance and bitcoin should be evenly distributed to users even in small amounts, the price won't move drastically. It's not what we are seeing now, it's not stable but the price has grown drastically. Majority of us here does not expect that bitcoin will be this much worth as early as 2017. Like I said in the past, bitcoin is full of surprises because we never know what's coming. |
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I buy bitcoins for all kind of things the first reason is because its good for my future because you can get rich because of the bitcoin.
The second reason is due to the thing that the bitcoin is the future of the currency's, the bitcoin is digital and the future is digital.
My last reason is because I want to be a part of the new currency so I'm one of the first with other bitcoin owners that already own the bitcoin so we are already a step further than others in the future.
You can make good money with bitcoin but only if you invest significant amount of money in it, some people think that one day bitcoin will be worth 1k and the next day it will be worth 100k and that is not going to happen, maybe at some point bitcoin will reach that amount but it will be a slow process. Well you cannot expect anything to rise like that over the course of a day. Anything that goes from 1k to 100k is a bubble, and in my opinion this rise in price isn't really a bubble because of how it progress over a couple of months instead of just doubling in price in a day. Buying bitcoins can be a great turning point in your life. However you really have to judge the prices really well to be able to actually make a profit from trading bitcoin. If you don't you'll lose heavily trading. Therefore we just have to be patience, the price is not a bubble now and that is a result of our continues support. We keep doing it and we shall see that price in the future. It's still early and there's plenty of room to grow for bitcoins. |
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What Will it Take For BTC to Reach $1000?
Let's discuss.
Your question has been already answered ,and.bitcoin hits your 1000$ prediction and heading toward the new ath..so now lets discuss what will it take bitvoin to reach the 2000$ this year. The OP is still active as I checked, I guess he needs to update this thread. Maybe make it $10,000 because $2,000 is easy. We do not wan't to be updating thread every once in a while. lol. |
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In the all mass of people only 20% have a smartphone. Such daily thing that we think already gotten by everyone. But no. I think that is gonna be the same with bitcoin. Only some percent of people will use only that, like 20% and 80% will use fiat. So I believe in fiat.
Fiat will always be here, bitcoin is just something we can use as alternative money, people with online transaction interest will mostly use it if they understand the entire system but since fiat is easy, it's more popular than bitcoin. |
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No doubt again if china is the largest bitcoin mining country in the world, I think it is reasonable to be able to control bitcoin. I believe bitcoin rise at the beginning of this year due to the Chinese New Year. many people make bitcoin as a gift in china so that demand continues to rise and the prices are so high. This trend Will continues until last month.
I don't think that they are controlling Bitcoin. But I do think it is fair to say that they have a lot of influence on the price of Bitcoin. They have a huge Bitcoin mining industry and they control most of that. It sort of ruins the point of a decentralized currency if one country has a lot of influence on it. Yeah in china there is so big bitcoin activity especially on mining also china has the biggest bitcoin stok so china is important part on bitcoin world as big player That has been said many times, but only one thing is certain is that China has the biggest mining firm business, other than that we cannot assure who are the big bag holders of bitcoin, we are anonymous that's why. |
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There should be another thing -architecture, distribution system, algorithm, technology etc.- that overcome bitcoin technology.
The majority of the cryptocurrencies are a little tweak of the bitcoin architecture.
So the answer is no.
We can't be confident with that as the adopters has the final say always, it's not the system alone, it's the trust that matters. When people loses trust to bitcoin, they can transfer that trust to altcoins. |
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Bitcoin could become a global currency but it will take years, I really have no doubts about that its all a matter of time before it will happen.
The bitcoin is the future of all currency's because everything is gonna be digital plus it now already has a step ahead on other currency''s.
In my mind, Bitcoin has been already a global currency for many years. People are now using Bitcoin everywhere online, especially in some online marketplace. Thebot.net, mpgh.net, etc, all these places very very love Bitcoin. Even Steam has accepted gamers to use Bitcoin in order to buy games. It is wonderful, right? I hope that in the future, we will witness the Bitcoin adoption in many countries. It will be the most important event to Bitcoin. I agree thay bitcoin is already a global currency. why? because when many people around the globe use bitcoin, it means that it is global currency. besides, many countries now accept bitcoin as a currency. so no doubt that bitcoin is global currency. It seemed like a good idea, and certainly great fun when we're in any place can use the bitcoin so we don't get confused with the currency conversion or exchange rate. But the problem is that State regulation has still not approved the bitcoin. Of course a lot of rejection from official agencies to transact and accept with bitcoin. You are right but I still do not know a lot of countries that are seeing it as a real currency some do but this is just only a small amount.. We have our own opinion on what we call with our bitcoin, but with the definition of a law it's not considered as currency and we have to wait for the proper law regarding the usage of bitcoin, they will surely create now that we are growing. |
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It will take years before all people will accept btc as one of thier payment options. If we have 5% users of bitcoin of all the people in the world,in 2022 it will only add more % 5 .so bitcoin will need many years before other people will use it.
More people are paying their attention to bitcoin and I doubt that in 2022, there will be only 5% more people start using it. When Bitcoin was born, only hackers and some Bitcoin developer use it. But now, there are million people working with Bitcoin so that in 2022, Bitcoin will apparently become as popular as the USD It should happen only if bitcoin gets accepted more by big country then we can see a huge success in bitcoin adoption. Until bitcoin is not legalized no trader will try to use it in real life business in fear of legal issues. Than it can happen but I also do not think that it will happen very soon or in 2022, I think it will take some more years to do this. 2022 is very close now and it is possible to think that the whole population of the world will be engaged in using bitcoins. It is hard to determine on how bitcoin will be spread widely but if some big countries will introduce it like US and encourage the whole world to use bitcoins. Then for sure that can make the adoption faster. Even if it's 100 years from now, I do not see that happening that people will use bitcoin and it's going to be the main currency, anytime we can be shut down by the government if they see there's a threat of using bitcoin in illegal activities. |
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I don't agree with that statement. If bitcoin price will be $10.000 it will be useless without fiat. All cryptocurrencies has a conversion to fiat. If fiat would be useless, all banks and even world banks would be useless also. See the point?
You have the point and that's why fiat will never be worthless whether the price of bitcoin will be one million dollars. Still fiat needs to exist because it is the measurement of the price of bitcoin. Maybe for us users of bitcoin we can just boycott fiat and total forget about it but those people who don't know bitcoin, still they will need to use fiat. This is exactly true. As long as majority of the people still rely on physical exchange and transaction, fiat will never be worthless. So even if bitcoin exceeds the 10k mark, thr fact that we still need to exchange btcs to real money most of the time, tells us that the age of cryptocurrency still is a long way ahead Yes no matter what will be the amount of bitcoin as long as the government, your country and big countries are not completely dedicating their financial systems to bitcoin. Still we will use the usual way of buying and selling of goods and services by means of fiat. Crypto is good for making it another way of transacting but if it will make fiat worthless, I guess that will be hard time to happen. What's best with bitcoin is we do not need millions of users to make the price grow as it depends on the demand of its users. The supply is limited so there's no inflation and whatever the future is, we can always call bitcoin as investment. |
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Bitcoin may become an alternative to the dollar and if we are very positive about its development it may even become the dominant currency but it cannot replace the dollar because the U.S. government is never going to adopt it as the official currency for the United States.
Indeed but it cannot take over the dollar, that is just not possible, the dollar is way too powerful and will also be more than ever in the upcoming years. Agree wit your opinion because bitcoin is not familiar in my country, only a few people who know bitcoin. and in my country bitcoin is not used in daily life. Bitcoin is impossible to replace dollar, but still collecting bitcoin because bitcoin can be exchange to other currency which can be used in daily life. Even if it will be popular in our country it still has no capacity to replace our own currency, the government has all the power to prevent that from happening. |
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Bitcoin is the start of a revolution. Maybe not the future of money, since it still has many flaws, but the forefather of online data storage and proof of integrity. For this reason, I believe Bitcoin will always have value.
The value can already be seen right now and I see too much value for bitcoin. It's the future of crypto as no crypto currencies can compete with bitcoin right now. You are right, not the future of money. |
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I was also looking for a way to make money online, not big money but at least an amount you can't call insignificant compared to your wages. And only Bitcoin gave me that opportunity and I'm grateful to Bitcoin for that.
Bitcoin is attracting almost every people who are all having access to Internet. The wide range of available opportunities associated with bitcoin ecosystem provides those opportunities to attract them. Definitely you will be getting better opportunity and earning to enjoy your stay with the bitcoin as I am already doing. Wrong, I can sense there are still more people who have access in the internet that haven't heard of bitcoin yet. I believe they are more fan with social media than this development. |
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No one bank accept bitcoin in present time because bitcoin is digital currency and it can be use use just for online transaction and i think it can be possible that bitcoin accept in bank if bitcoin become in physical shape then i hope that we will be able to use it in any local shops .
And not even in the future, I am confident with that. It will only happen if the government can control bitcoin but the fact that they can't it will always be the same bitcoin and crypto world will always exist. |
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