I've just watched the John Oliver show about cryptocurrencies and something struck me about what he said: " like most currencies, the fundamental reason that bitcoin has value is that people agree that it has value". I just want to know your thoughts on this. I only have a little understanding about the idea of currency and its value although i've already been at it all my life. Im new into this kind currency and right now its plumetting.
Bitcoin is safe. It cant be hacked because it is decentralized. Bitcoin is fast. Bitcoin provides more privacy than normal transactions. Bitcoin isn't tied to other asset classes and is a hedge against other investments. Bitcoin solves massive problems with the financial and political world, and that is its value. |
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Why, until now, government all over the world still doesn't trust bitcoin?
Governments can come up with regulations to govern the cryptocurrency sphere, although some bitcoin enthusiasts say that this can destroy the viability of the system.there is no asset backing the value of bitcoin. The cryptocurrency’s value is simply determined by supply and demand.it is the decentralized nature of bitcoin that gives it a higher potential for more secure transactions. |
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Will the bitcoin replace the Gold? If there is A war coming everyone will run to the Bitcoin instead of the gold?
Some analyst say that in 5 years BTC will be less than $100 while GOLD will be above 10K, your thoghts?
I did my risk mangment and split my investments, boght PAX coin to be on the safe side.
I know as much as the few countries in the world where Bitcoin is declared valid. But there was gold is everywhere legal. Although Bitcoin will not be able to throw Gold behind But when it can not be said, though the usage of bitcoin is increasing day by day.So I will choose Bitcoin. It will be beneficial for me. |
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what's happening in the bitcoin?? Why continue his descent? should we Convert bitcoin in php?? Im worried for this, my bitcoin is still down,
It can lose its value it's not volatile we cannot predict the value of Bitcoin.I think bitcoin will continue to be valuable.There is nothing to worry about with a decrease of price because it is normal just like when the price increases.we know that Bitcoin price dump and pump everyday. |
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I have seen many ways to earn bitcoin, and still not familiar with some of it. I am a student and I wanna ask how to invest in bitcoin, and if students like me are capable of doing that already?
Please share your thoughts. Thanks.
Bitcoin-like money usually, but this money is virtual. If you are interested in investing in bitcoin, you simply buy it and save for the long term. of course, everyone can invest in bitcoin, where users are entitled to 100% control of money, wherever and whenever. You just need to start bud. Absolutely right, also If you buy bitcoin and keep your account at ar then you will be benefitted well in the future. Bitcoin Investment is a hard subject, You can get lots of benefits from your investment and there may be many losses. Therefore, you need to know the basic knowledge about investing. If you are a new member, you can start a little bit invest. |
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Hello guys, To me, it seems pretty strange that people actually continues buying btc now... I understood why they wanted to invest in btc before, after the Chyprus crisis, and all the articles in the media. But now? I don't get it. Bitcoin is useless, and will most likely never be used as a currency. I spent hours trying to get my first bitcoins (satoshi actually), and after working for ages, I only got 0.002 btc, which does not even allow me to proceed to a transaction (the fees are higherthan that amount  ). When you compare it with CC or paypal, it seems that they are free to use in comparison! Not to mention the time required to actually proceed to a transaction which can be anything between 1 minute and ... 1 year (or more?). The only possible reason I see people are buying btc is that they (truly) believe that the price will increase, and want to make more profit. I think that 99.99 % of the bitcoins exchanged are never withdrawn from the exchangers, and the people are only waiting to make some profits. What makes them believe that the price will rise? Because the amount of bitcoins is limited? Because lost coins can never be recovered? I have no clue. An other problem is the "mining" part. Soon, the difficulty will increase, CPU and GPU mining will be useless. People will stop mining bitcoins and try LTC or something easy to get... The interest in btc will decrease. Other issues: - security. Not a single company was able to provide a "professional" service. Bitcoin-24 has a serious problem ( https://bitcointalk.org/index.php?topic=174600.0 ). Even mtgox was critized for the lags, problems with missing coins, money, delay, and so on ... The hacks are countless (you can see new topics about that every day ...). I can't see anything positive about btc, and still can't get why people are buying it. Can any captain obvious explains? Thanks. your post year time is 2013. A lot of time has passed since you made this post. If you are still in the Bitcointalk Forum, you can reply to your post yourself. Because The time before that Bitcoin's price was 120$ + and now at this time the price is 8650 $+ . Now more and more People are still buying bitcoin, In the hope of a bright future. |
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Yes, of course,In my opinion is it's a very good news for cryptocurrencies. south-korea made a good decision. Because of this crypto market demand is increasing. It's better to invest bitcoin. Everyday more and more people are using crypto and want to invest here. cause they have now faith in this currencies. |
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Everyone in the crypto space has had people tell them that Bitcoin is worthless or that it doesnt have any true value.
Of course, thats infuriating to hear, but for investors new to the space, its sometimes hard to craft a good answer.
So heres a little cheat sheet for any newbies out there who get this question or accusation:
1. Bitcoin is safe. It cant be hacked because its decentralized.
2. Bitcoin eliminates layers of transaction fees.
3. Bitcoin is fast (especially after the lightning upgrade).
4. Bitcoin provides more privacy than normal transactions.
5. Bitcoin hedges against stupidity from central banks and governments.
6. Bitcoin cant be counterfeited.
7. Bitcoin isnt tied to other asset classes and is a hedge against other investments.
In short, Bitcoin solves massive problems with the financial and political world, and that is its value.
And because its the most tested and has first mover advantage, it has been established as a store of value, much like digital gold.
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Bitcoin is Digital Currency which will many people had benefits the high value of the currency. We can make any transactions, deposit and withdrawal as fast we could. I really think that the bitcoin is better and valuable. |
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Nowadays bitcoin reach other countries and it is use in some transactions and very helpful in some country's economic.
What you can say?
Can bitcoin govern the world of business market, govern the world of every payments as it is moving to make it the future money.?
I don't think that. Though bitcoin is the best payment system in all transactions system but there are huge people uneducated worldwide .they don't know about bitcoin. They do not know internet. If Bitcoin is a public currency then what will these people do? So what is the Bitcoin-only for educated? |
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Bitcoin is a cryptocurrency or digital currency which is untouchable. But this currency has a value where we can invest our money to get profit. we can also use it to buy things via online.
Everyone knows what is bitcoin.bitcoin is a cryptocurrency and also money.I can make transactions with low cost . |
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Of course, it will grow, My favorite altcoin is Ethereum and NEO. It's a good option to hold or investments for long term. Ethereum has every potential to surprise us the whole year.
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I am looking for the best bitcoin wallet.
What do you recommend guys?
NOW, I am using coinbase and. Nowadays coinbase and is good and fast transfers.and theirs have phone number security and Google Authenticator verification. That's why I use it. But if you want to save a lot of bitcoin then you can use blockchain.info. |
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Right now there are many ICOs coming out, is it really safe to participate in any of it and spend that much? In participating ICOs I have high hopes that these coins could be the next Bitcoin or other currencies that are really going up in the market.
If I think that the company really is going to be successful then, I think it would be profitable. A lot of information is available to me and before I make my decision, I check their project, their team, their hard cap, and value. Where is it going? Will the project be successful? then I participate Ico. |
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Selling some things and investing in Ethereum is a good idea?
yes.I have many altcoins.I'll sell them and make Ethereum .and hold Ethereum. Ethereum is Top number 2 crypto coin. Currently, Ethereum market volume and Ethereum at ICO are getting more qualified. Apart from investing in Ethereum, many people get good profits. |
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The Bitcoin is reaching $10,000 again. Personally, I think cryptos will be the future, even some countries already banned them, like China and South Korea. Recently, an news shaped my eyes again, it said that the investment banking powerhouse Goldman Sachs will start trading Bitcoin futures using its own money. Bitcoin (BTC.X): will this rally sustain?Do you think bitcoin will continue to increase?Why not? I believe that the bitcoin price has been increasing and Bitcoin prices will go to the highest level in the next few months. |
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Yes, earning bitcoin is the best and most people accept Bitcoin because it has given the source of earning money. Bitcoin helps many people with money. There is a lot less money in the transaction.
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