You can't even "use" bitcoin these days because no one is accepting it. You can do a full-on research on finding an online seller on your place that accepts bitcoin and you'd end up finding a couple ones. People are still busy living the traditional way of life and bitcoin seems to be too far advanced for a lot of people. Back then, we never really had bitcoins. We don't even had an Internet back then but we all successfully learned how to save money and the importance of doing so. You don't have to force your kids to learn bitcoin just so they can learn about saving. Bitcoin is money and thus it helps teach kids about saving but there is an easy way which is by teaching them how to save using fiat money instead. Fiat money is such a common thing and your kids probably already know about it.


But does it have to be bitcoin, though? It can simply be fiat money. Let them work for it but not so much. Just little things that are actually already their task like taking out the clothes from the washing machine or washing the dishes or folding their clothes.

Actually we all know how many fiat money will exist in the future. And the answer is infinite. The purchasing power of all fiat money right now is going down. One day you'd think you already have plenty of money and you'd be correct. But in reality, that "plenty" amount of money will not be that much once you start buying things. Everything is expensive because the purchasing power of our money has gone down a lot.


Honestly even if we just stay with this amount of population with just very little growth in the future, we will be alright. We are going to be alright unless no one's using bitcoin at all. Mass adoption being imminent is true but when is it going to actually happen? Mass adoption can be done next year, next decade, or next century. All will depend on how are people going to react with bitcoin. Are they going to love it, are they going to know about it but not use it. Pretty much the future of bitcoin economics depend on the users and nothing else.

Or maybe just hold your bitcoins. Right now if you buy any other coin, sooner or later the price of it will go down because bitcoin is going up. It's kind of balanced thing, bitcoin goes up, the altcoins price go down. But when you convert the altcoin to bitcoin then to fiat, the price is still the same. On the other hand, you still lost your bitcoins from that. It's better if you just hold your bitcoins. We don't know where this current pump will take us so I say that you guys should just enjoy the ride and wait for it. Even ETH which is the second highest coin is going down in terms of btc price. You can also do leverage trade with your bitcoins and just predict the price is going to increase because we are in an uphill motion right now. There's a lot more chance for this to continue going up rather than go to the opposite direction.

Bitcoin is indeed a digital gold. If you have it, you can assure that your future is going to be fine just as long as you keep on holding your bitcoins and keep on collecting even more. And with this gold, you should be wise and not just invest it on things like HYIP sites. A lot of people are going to offer you investment schemes but end up scamming you.

Hello, for the warranty of your service, will you re-new the subscription of the account that I have or will you just give me another account?

I'm interested with this but if you're just going to give me a new account per month, then forget about it. I will have to create my playlist over and over with that method.

(I can vouch, by the way.)

Do you know what bitcoin is? Do you know what cryptography is? I bet not. Alright, there are lots of cases who have lost their bitcoins but those are due to the person's negligence and not because bitcoin has some bug. If bitcoin has a bug in its system and someone is somehow able to get your private key or your wallet's seed, then that hacker can just look up the addresses with the most bitcoins and hack them. You see, there's nothing like that, right? That just proves that hackers haven't figured out a way to do that. I don't think they ever will, to be honest. The only way hackers can get through your private key is if you post them somewhere on the Internet, or your computer already has virus. Sometimes we also think that we have been attacked by some notorious hacker, when in fact it's only someone who lives in your house that opened your computer and get your private keys. I mean, why would a notorious hacker even hack you specifically if he's after the bitcoins that you are storing. A notorious hacker will not waste his time hacking you. He has got better targets to hack.

I am also thinking of investing my bitcoins in some offline business. I am well aware that it's totally possible that everything will go downhill. I know that it's possible for that business to become bankrupt but sometimes it takes years before a business actually makes some money. If that ever happens to the business I have invested in, then that will be really great. I am looking forward to opening up my own coffee shop because there isn't one in my place. People love to socialize in places like those. Just add some good music, good vibe, and welcoming employees and people will be there every single day. I mean, who doesn't like to drink their coffee, right? And even if let's say it becomes a little overpriced because they are not only paying for the coffee but also for the service, who cares? I would have no competition here, plus, people are dying to spend their money on overpriced coffees anyway. I'm also thinking of franchising in a clothing company because there are 3 companies that opened up in my place, and they are no good. No one's even buying on their store and I bet it's because they don't really sell trendy stuffs. So choosing the right company to invest in on that field would have been a crucial thing. I would have invested in a different clothing line (the clothing line that I'm talking about is at the same level of the stores that we have here, just much better clothing style so I know people would buy there instead).

But just how long will this no tax at all on bitcoin last? I bet that the government will put a really large tax on exchanges in order to gain some power over bitcoin. Exchanges or local online wallets still have business permits and are still under a jurisdiction. If they are going to put a large tax for selling bitcoins, then your exchange rate will probably become much lower. On the other hand, this can easily be countered by clever countries who would put a much smaller tax for cashing out bitcoins. Bitcoin users will probably just start using that exchange or online wallet instead so if your government is thinking ahead, they will be the one to charge smaller tax or at least don't put a large tax on bitcoin at all.

Right now, there are countries where you are actually required to declare the bitcoin addresses that you own and by the end of the year (this is called annual tax, I think), you would pay 25% of the total cash out amount that you did with bitcoin although there is no capital gain tax. Honestly, the future is still kind of blurry with bitcoins since there is not much users of it yet. But along with all these advantages and good reasons why people would prefer bitcoin over fiat, fiat is still the king since there is no transaction time and fee when paying with it. At least when you're doing it face-to-face with the other end and not electronically.

Just so I can convert my bitcoins to fiat right away, I have some coins in an online wallet. It's also what I'm using to receive payments from signature campaign. I'm pretty sure I'm going to cash it out nearly anyway. I've already got some bitcoin saved up on a separate and secure offline wallet. If ever I got hacked, it will be alright because I still have the majority of bitcoins with me. What's going to be lost will not hurt as much. The online wallet that I'm using also do not charge transaction fee if I'm sending money to a person using that same online wallet. I bet it's because they are just updating the records in their database and the transaction didn't go to blockchain.

I don't know about you but I don't really prefer Electrum for everything. If you're putting all your money in electrum and use that same wallet for receiving your little earnings, then I'm sure you're going to end up paying transaction fees over and over. You cash out every single month so that means that you're going to pay for tx fee at least once a month. But I guess it's just a matter of preference. Maybe you want to just keep your coins secure and don't mind paying couple of fees.

Or maybe just give them the bitcoin wallet that you are using at that point? You don't have to be so confused because you know this is just an easy thing to do. You know what you have and you just have to store them properly. You have your wallet seed, right them down, and place the paper somewhere safe. Somewhere you can check every now and then just to make sure that it's still there or just to make sure that the ink hasn't gone bad yet. (Yes, there are inks that goes away after a certain time)

To be honest, you don't really have to put it in a separate address. Just keep the coins you're going to give them in your main wallet since your main wallet is always accessed by you and you're sure that the seed is safe. By the time that you think they are ready to get the bitcoins that you secretly allotted to them, then that's the time you create a new wallet and give it to them. No need to create a wallet now, send some coins, and spend nights worrying if the wallet seed is safe.

What's really changing the world is the Internet. Bitcoin is just a part of it. On the Internet, there's social media. Right now people are living in that world. People are living in a world where validation and acceptance from other people matters the most, and that's just a small part of the Internet. On the Internet, people are interacting every single second. We get to talk to Internet celebrities and feel great about it. Internet is also the place where we buy and sell things. You want something or you want to sell something, you post it on the Internet. Bitcoin is nothing compared to how much Amazon and eBay is being used. The bitcoin community is nothing compared to reddit, facebook, and twitter. But all of those huge networks are just under one idea -- the Internet.

So OP might want to do some rephrasing in his post. The Internet is changing the world and bitcoin is just one of the many parts of it.

I don't really see Ethereum being the platform of some coins affecting the price of Ether. Maybe it helps keep Ether in the scene of things but at the end of the day, just because these coins under ETH contract are getting some light and some hype, it doesn't really increase the price of ETH. Right now, even with the thousands of coins under ETH contract, ETH is still going down while bitcoin's price is going up. It seems like ETH is just another altcoin, right? Just like any other, ETH is affected by bitcoin's movements and there's no stopping it. Not with these little coins under ETH contract regardless of how many coins are they.

Bitcoin is the base currency of the cryptoworld. Its movement is affecting the price of all the other coins. And no matter how much these new coins get in their ICO or how much hype they get in the trading world, at the end of the day bitcoin will always be the king. After a long time of trading altcoins, you will still convert them to bitcoins in order to cash them out and use some money in the real world. No coins have come near bitcoin's standing in the crypto world and I don't think there ever will.

2000% seems such a random number for me. Where did you even get that number? Even when let's say bitcoin ever surpass Paypal's number of transactions per day, it's totally possible that some people are accidentally boosting this number because of the automated pay outs and cash outs on different bitcoin paying websites. Last time I checked, Paypal has got a lot more number of transactions per day compared to bitcoins. I bet it's because all of the major online shops like Amazon and eBay are accepting Paypal while bitcoin is left out. All credit/debit cards can be connected to a Paypal account so most people are using it. While bitcoin, well you have to buy it from the exchanges and most people are afraid to do that. Paypal is just a lot more intuitive or newbie friendly than bitcoin. But today, the population of bitcoin are increasing more and more and people are trying their best to learn about bitcoin because bitcoin allows you to earn money online. I mean, who doesn't want an extra income?

You and I can both agree that the elderly people will soon be not in this life anymore. At some point, they will all die. Dying is inevitable. So, at some point, all of the elderly people of today will be gone and the new elderly people will be those that knows about the technology. What I'm trying to say is that in the future, the millennials will be the one who are the elderly. If that's the only problem why bitcoin will not replace dollar, then at that point bitcoin should already replace dollar but I still doubt that. Even some of the millennials are uneducated when it comes to cryptocurrencies.



We have no other choice but to wait. Wait for bitcoin to become mainstream and be accepted by most merchants. Right now, people are not accepting bitcoin because they don't even have an idea what bitcoin is and so they are not using nor accepting it. "Soon" is a subjective term. What's "soon" for me might not be "soon" for you so it's really kind of hard to discuss this. Some people think of "soon" as something that will happen in a couple of years. If so, bitcoin is not going to replace dollar with just that amount of time. Bitcoin might replace dollar but not in the foreseeable future.

I would say 'ceasefire' for trading right now because the markets are moving so much. A lot of my altcoins just died and I don't know if they are going to get back to their previous price. All I can say is that I regret trying to trade my bitcoins. It would have been more profitable if I held my coins. I was just about to try to trade when the price of bitcoin went up and so the price of all altcoins went down. I'd say don't trade right now if you are just going to start out. The market is sooo bad. One coin might seem really cheap but then bitcoin goes up again and the price of that certain altcoin goes down even more.

Right now, are you willing to give me $5 if I ask you? You probably would give me, just for the sake of winning the argument. But, these people that begs people for money will come back to you again and again. Imagine if I asked for $5 from you every single day for a couple of years, are you not going to be tired of that? Some people might not even give me money for the second time. Before you start throwing out these things, look at yourself first because sometimes you are basically describing yourself while you are bashing other people.

This thread is not about scamming at all but rather about people begging. The only people that deserves to be given money for free are those that have some conditions like mental diseases or some physical disability. No matter what they do, it will be impossible for them to do some work and get paid for that job so donations should be given to them and not to lazy bastards who just act helpless and expects the world to give them money.

Even though you already have the money to buy things, you shouldn't. Why? Because most of the things we buy for ourselves aren't really necessary. You are alive right now, that means you are okay. Before you buy something, think if it will really help you with your day-to-day life. Bitcoin is not like fiat money which value is going down through time because of inflation. Bitcoin is the opposite of that. Bitcoin's value goes up and sometimes its growth is a lot more than what you would expect. No one expected the price of bitcoin to be this high. Maybe there is, but no one assumed that bitcoin will reach it this quickly. Just imagine what the future of bitcoin brings.

The real question here is why didn't you ask them when they told you that. Maybe contact them and ask them. We might have things to say in here but they probably have a deeper explanation since they are economists. I think that the reason they told you that is because bitcoin is a speculative asset. At some point, the price is doomed to go down significantly. This is totally normal to all markets that are based on supply and demand law (which is basically all markets) so their argument cannot be easily proven wrong.

You will see that once bitcoin experienced a major dip, they will come knocking to your door saying, "I told you so." even when bitcoin is only down momentarily.

This is kind of the art of being able to adapt to a lot of things. I noticed when I held some of my altcoins for too long is that I lost a lot of money. What I realized was that old coins will soon be forgotten especially if they didn't reall that much scene. It will be replaced by the new ones and the cycle goes on. It's hard now that I'm kind of trapped with the situation. All I can do is hope that these coins will resurrect at some point.

Same thing with bitcoins. It might be the king of cryptocurrency today but we can never be so sure about its future. No one can guarantee bitcoin's future and if they say they do, they are probably lying or don't have enough to back up what they said. So, always anticipate this kind of thing. Learn how to adapt to new things and it would not be so hard for you if ever bitcoin goes down.

Some theories suggest that the Earth will eventually get destroyed once our technology has advanced to a certain level. With Earth gone, the Internet is also gone and so is bitcoin. If we are lucky to not have that phenomenon in 100 years, then bitcoin will still be up and running. It's totally possible that bitcoin will soon be replaced by another technology but that doesn't necessarily erase bitcoins from the world. There will still be people mining bitcoins in hopes that it will get back to how it was and even if there will be just few of them, it's alright because those are already enough to support the bitcoin network.

To be honest, my biggest regret is to sell some of my coins back then just to buy some gadgets that are not even useful to me. If I HODL those coins instead, it would be 10x the value right now and I could have bought a gaming PC already. It's really sad but we are trapped in this situation. Assuming that bitcoin will increase its price over time, then whatever we spend today will be such a regret tomorrow so always spend your money only on things that are very practical but don't forget to also spend some money to have awesome memories with your loved ones because on top of money and other things, it's really the one that makes us genuinely happy.