Bitcoins can make banks disappear. We know that bitcoin value will go up and up. But we know that bitcoin will not be always stable on its highest value. We should know that bitcoin will be going popular. We must promote bitcoins to our friends.
but i am not agree with you. bitcoin is not going disappear banks and i think it is also no so easy. because the number of bitcoin users ares till under 1% and most of the people are depending on fiat therefore it is not so easy for bitcoin to disappear banks in near future. secondly banks have the support of government and they are support banks, therefore it is really very difficult. |
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i have been researching for that answer for a while now .. and i believe its all about the bitcoin price in the market .. sometimes it goes up and sometimes down .. u just have to be in the right moment to make that profit
yes i also agree with you that long term investment is a good idea. the price of bitcoin is now trading above 1000 USD and we can see that there is a lot of fluctuation in the price of bitcoin any time the price of bitcoin can increase and any time can drop therefore i think the best idea is to hold bitcoin for long term and secure a good profit after some time. |
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Yes i missed the right time to sell/buy bitcoin. When bitcoin goes lowest price & buy higher price. I lost my chance two time.
i think every on would have missed the right opportunity of buying and selling bitcoin, and specially those who feel it difficult to take decision. to me i also feel it very difficult to take decision to sell or hold the bitcoin, and that is the reason that mot of the time i really missed the right time to buy or sell bitcoins. |
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Well , let's say you made about 0.02-0.03 BTC , can you start trading ? is there any limits for trading like minimum and maximum amount ?
where you guys think is a good place to start a trade ? share your trading experiments and recommendation.
I also would like to know at which amount you guys started trading [ personal experiment ].
Edit :
Sorry, i think i posted it in wrong section, if possible mod can you move it to the right section?
Thanks
You can start trading any once you made up your mind that to do it. Due to trading is not waiting for us, our fortune is in our hands of how are we gonna trade it with a nice set up, and conditional mind to it. perhaps you can start trade at novaexchange But it not totally depend on the luck but the knowledge is also involved in that and I will say that till the time when a person do not learn all about the trade and the coins then he do not have to start the work as a trader. yes in trading your knowledge you skill and experience are also count. in trading we cannot totally depend on luck. for example if you are going to trad alt coin so you need to know how can you trad alt coin in exchange you must need to learn the rules of exchange after that you need to know the history of the currency where you want to invest your money, and if you want to invest your money in ICO then you must know the road map and the new emerging currency and many more. |
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Trading is really unpredictable, because if all traders in the exchange site and every trader can predict all the price when will gonna increase or decrease the price value for sure many altcoins will face crisis even Bitcoin too.
Not only that, we will all be reach if trading is predictable. There are people who are good in trading but they cannot predict the price movement all the time, that is why they lose sometimes but knowledge and skills just give them a consistent profit in the long run. It's a job that we have to learn as we go along, and without developing our skills, we will not gonna end up profitable. Also movement the price can be followed by traders with searce the trend and it can be done by practice trading on the markets we can get profit in trading with learning by doing too, prediction in trading without practice we don't know is it work or not. We can learn more about trading with can analyze the market price, with the fundamental analysis or technical analysis. By the way so we can predict where the direction of the prices of the coins it will move. Yes that is right with that strategy a person will be able to predict that what will be the price of bitcoin in the coming week, month or year but if someone will start trade without any startegy and without any knowledge then or the trade is like gambling as he will not learn and all the things will be unpredictable for him. yes that is right good strategy, experience, skill and knowledge can make prediction more easy and possible. there are so many people who have good experience and knowledge about bitcoin therefore i think they can give good prediction about bitcoin and such people can be called as bitcoin expert. as the most of their time spent in studying bitcoin. |
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Depend what option do you want to grow your money.
Personally I'm choose gamble since investing especially on bitcoin world are riskier than gambling (as my experience taught me )
As long as I'm gamble on legit site, I can afford my loss !
yes also depend on one's experience and interested, those people who are interested in gambling they can make good money from gambling although luck is the major factor of gambling. and those people who are interested in trading they can make money from trading trading also need good knowledge and experience. so trading is more difficult job than gambling. |
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Personally I Don't Like to Play, I lost all my money within minutes
the chances of winning are very low than playing dice game. Someone need a big luck for winning the jackpot in slot game
I guess slot games are really hard it need a good timing but in some point no matter you're timing is because it is programmed and maybe 1 person out of 1000+ who played who will hit the jackpot . Slot games are only good if you having some fun time to play. Your chances to win is only when you are lucky, but this game is fun when played in an occasional basis. Slot games are better if played in actual casino, such an old game but this is popular still to the oldies. I like different type of games as nowadays due to the advent of bitcoin, gambling made easy, and this one will live and the bitcoin gambling industry will continue to improve overtime to give more fun to us. I agree that slot games are the heart of gambling. And from this slot games only all casino owners making a huge profit. The skill games have 50 - 50 chance. But slot games always favour to the house edge. That is why play this game with small capital and enjoy the different type of games. Don't play these games to make money. yes i also accept that and i also play slot games. but my main focus in gambling is sports gambling, in fact i can make a good profit from slots games because i have good experience in spots gambling therefore it is easy for me to make money from sports games and specially from cricket where i know all the players and their specialty. |
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I see there is so many people trying hard to stop gambling their money because they've losing so much
If you not ready to lose your money, then don't even try to gamble!
The world GAMBLING is really a big problem when you become addicted in the games. But as long as your trying it, gambling is not a problem at all. Gambling is just an object that tempting us to do what is it inside of the games. But once we apply our curiosity, we are already loose.Not always. I mean of course we lose in the long run, but the question is how much we lose? If that amount is negligible compared to what we have then it would be right to say that we are not losing with gambling but just having fun with it. Yes, many people end with losing daily but how much they lost is the question? If you lost everything and make your wallet empty, then it is a sin to gambling addiction. But if you played some money and stopped your play at the right time, it will tell you played just for fun. I am in this category. Every gambler will addict this gambling, but only a few gamblers will get realise about this gambling problem. It is considered a sin to gamble even if you do it for fun, but I don't know if it is also considered a sin when you play with the free money (faucet) you receive from the website. People are getting addicted as soon as they win once a higher amount, say $50. Then, they will say "omg it was so easy" and there comes the addiction. i think not a single game can be consider as sin if you are playing it for free, because it is not sin to play game, the sin is that if you are betting money, either you do it in any game and any format. so betting money is consider as sin and not the games. but those games which even promote gambling are also not consider as constructive games. |
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because gambling has a very strong appeal. we get an addicted from the first play. besides gambling can also generate a lot of money with very little capital. that's what makes people very interested, especially those who are in financial difficulty. they will try to seek their fortune from gambling games.
yes that can be the main reason. actually gambling do no require and proper education or skill. one can start gambling in any age, it always attract people as gambling look like as the easiest way of making money. but in fact gambling is one of the most difficult job to make money with. actually in gambling we mostly depend on our luck. and no one can be lucky for every time. therefore making money from gambling is one of the most difficult job. Yes you are a good point that gambling is much hard place for making money many people lose their money in the strggle of winning a game and continue to lose. But the game in it make people to gamble again and again. That is the attractive thing which attract people of all age. although most of the people know the reality but still they cannot quit gambling so easily, they try again and again to invest their money in gambling, as no one is ready to accept the reality that making money from gambling is one of the most difficult job. actually gambling give temptation to people to play gambling again and again as for every time they think that they can make money from gambling. |
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I believe able to get through the hard times they are, I think it is fair if reached a price of $ 100k, but if all nations begin to support the technology blockchain and also started using
i think people from all over the world are using it and i hope more people are comes towards it in 2017 ...... and i think its price gonna increase more in future so, i think this is the best time for investment..... it will gave a good profit in 2017 to the investors...... you are right that all whole the world people are using bitcoin and i also thoughts that bitcoin will be more rise its price and more increasing its adoption and i think bitcoin bitcoin price will be reach to $2000 at the end of 2017. but to me i think still very little number of people are using bitcoin. may be less than 1% of the total population. i think bitcoin still need more and more introduction and need its proper knowledge so that people can easily and boldly purchase bitcoin and then adopt bitcoin as an essential part of their lives. |
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Just tell your kids that bitcoin is just like another kind of money and the only difference is, it is virtual meaning that you can only have that other kind of money on the internet or on your device. You don't need to tell to your kids the different terms or complicated topics because there is possibility that they will not understand what you're saying, so tell the things in the simplest way you know then you will be good in explaining or teaching bitcoin to kids.
i think it is still very early to teach to them about such thing. because bitcoin is still using as investment and in very few cases it can be use as currency. although online use of bitcoin as currency is increasing from time to time but still kids do not need to use bitcoin. i think when the use of bitcoin will become so common in local markets then they should teach about the use of bitcoin. |
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in this period the price of bitcoin is volatile , and is not fixed , in my opinion Bitcoin can't replace the Dollar at least in this year or in the next five years .it's really hard to replace the first coin in the world , it result many problems in the economy of the world.
May be some big country will adopt this thing and start giving us time to change it to bitcoin. Because everything is now online base so no matter what technology will play a role in the next few years more or may be hundreds years more. We never know about the future, all is depends on our government if they are really into this things or not. We can only wait when the time comes i i think it is not so easy to change USD totally to bitcoin, because bitcoin is goof for online purpose but i think it cannot provide all the facilities to the people that fiat can, therefore may be they are using bitcoin as fiat for some items but not as a permanent change i think permanent change will still take some more time. |
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People who panicked and sold today are dumb. That's all there is to say.
I understand selling to make a profit, or to protect yourself if you bought at high price, but selling just because you heard some rumors from China is as retarded as it can be.
I think this panic seling happens a few days you could see the price dropped from $ 1,080 to $ 1,000. I hope that the user no longer panic so that the price could go back up. Keep patient. I'm sure the price will be higher than this in fact people are no becoming more and more mature. we can see the reflection. the price start dropping from 1080 USD to 940 USD but got a good support and now it is trading above 970 USD and that is good sign. so we can expect that the price of bitcoin will recover its position very soon. |
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not at all .usd is more popular than bitcoins .it is becoming more and more popular .as the price of bitcoins would increase day by day it is becoming more and more popular but it would never go higher than usd.
but although bitcoin will become more famous in the future. it will not make bitcoin replace fiat fiat or even make disappear, the dollar will continue higher and popular than bitcoin No I do not agree with you that bitcoin will not be able to replace fiat or replace dollar from international use. If the development of bitcoin continued the same as now then it is sure that in the coming era it will replace fiat and dollar to a higher level if not all the fiat then at least it will replace the use of dollar for international use. Yet if Bitcoin will replace the dollar, what will happen to the economy of the world? It will collapse! That is why the government would never allow the development of Bitcoin Good opinion, bitcoin never replace fiat money, of course impossible can be done at any time, as long as there is still the country will certainly continue to use fiat money. I think, bitcoin until whenever will be considered commodities such as coffee, gold, stocks and so on. So you mean that bitcoin can't never change anything in this world? It will just stay the same like every commodities? How can you so sure about this? Because nowadays bitcoin is sure well known by many people and they really care about huge adoption in a few years later. ATM of bitcoin is slowly put on some places, we only need time before every things become real one day. And it has the chances to take over usd too although it is very difficult to take over USD in near future. because still more than 99% people are depending on fiat is USD is the kind of all fiat currencies. and we have to accept that fact. but it is also true that the number of bitcoin users are also increasing continuously and may be because that the people trend toward currency is now changing. therefore it is also possible that bitcoin will effect USD too much. |
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If you campare bitcoin with gold , gold is the best. Gold has got a place in this society.Gold will remain in the first place as long as women use them as ornaments. In many societies its compulsory for the ladies to wear gold ornaments . It didnt start yesterday or today. They are following this from centuries . No one can compare gold with bitcoin. Both are different things. Gold's value will not go down in any circumstance but bitcoin's price is highly volatile.
if comparing the social status, gold is much better than bitcoin, because gold is a symbol of wealth, and be on display in the real world. Besides, gold has a high price. but, for a businessman, maybe bitcoin is still better, because with bitcoin, we can easily make a profit. Well, gold and bitcoin are different i think he trend of the people is now changing. i think it is becoming difficult for the people to hold gold and then take care of it because there are more chances that the gold will be stolen. but if you have invested your money in bitcoin from where you can get good profit and your money is also very safe. therefore i think in modern time bitcoin is more better than gold. |
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i will recommend trading which is a little bit safe way of making bitcoin.
Trading is not a safe way to grow bitcoin, it is like any other way of earning bitcoin has its own risks and require you some experience to start, the best way for me to grow bitcoin is just to save them until the price gets higher and then sell it and rebuy it when the price drops down, that way you can ensure a safe way to double your bitcoin. That way I think is included in the investment and it is suitable for the long term. You're right it is a safer way because we are just waiting for the price rises to sell and the price drops to buy. But although risky trade worth a try, because if successful will make a huge profit. Many people who use trade to grow their bitcoin and many people who succeed. It's all about patience in trading. A lot can be learned when you have the right resources and for that, I think you could really earn there. When it's time to buy at the right time and when to sell, that's the basics but that's not all of it. I haven't tried it yet but it's possible to earn in ways you can't imagine. yes patient is also too much important in trading but it also depend on your interest and your experience. if you are interested in gambling then you can make money in gambling and if you are interested in trading and you have some experience in trading then you can also make good money in trading. yes trading is one of the best way of making money, where one can make a lot bitcoins in a very very short period of time. secondly trading bitcoin is also give you opportunity to invest any amount of bitcoin, there is no limit for investing your money in alt coin. |
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Recently, i often see discussion about Bitcoin Bank. More and more people come here and ask about bitcoin bank & surprisingly i see few user agree with this idea.
So, i would like to find out the percentage of user who agreed with this idea.
Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
p.s. we don't talk about bitcoin debit card OR any centralized service which only ask name and email address.
I'm not in favor of Bitcoin bank. Coinbase was one of the bitcoin bank I heard if I am not mistaken, but I don't agree with it so much. I remembered someone in this forum I'm not sure from what section I read it, He said that his account was closed by the coinsbase, I'm not saying coinbase is not good, my only point is if bitcoin bank be implement in this industry, there will be no difference in ordinary traditional bank and the essence of bitcoin will be unuseful or non-sense. Its decentralization will be turn into centralization which is not good for me. yes i also agree with you that bitcoin do not need for any bitcoin yet . in fact people still want to get red from the traditional ways of depositing and withdrawal o bitcoin and that is the reason that people want o use online wallets instead of banks . |
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in my opinion
i think that the difference not only at the digital funds and physic money
cause real money will never ever and ever change the number of amounts like example 1 $ it still counting as 1 $ its different with bitcoin which usually change according by the time as u see in every time there might a change of the price for 1 bitcoin
and another of that real money already accept by the local people it might the local people whose dont know about bitcoin will not accept as the trading things
thank you
but i think it also happen in fiat some time the price of fiat fell down as compare to other fiat currency. and it is also true that 1 dollar is will remain 1 dollar and similarly 1 bitcoin will remain one bitcoin but its value changed from bitcoin to bitcoiin. |
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Is there a way to determine the number of people who are actually using Bitcoin till date? Who would have access to such information? Meaning a way to find out, how many new people have used Bitcoin in 2016 , so that we can say exponential growth is natural not artificially created by hoarders.
i think there are no possible way every day a lot people join and there also people who quit but if you ask me if bitcoin user grow? i think it is i only look in blockchain Number Of Unique Addresses Used and Confirmed Transactions Per Day for me the important is those people who using it daily I'm pretty sure the number of total users is indeed growing and will continue to do so for the years to come. We haven't seen much adoption in the grand scheme of things yet and that may be just around the corner. Bitcoin and its derivates will be used more, and in more interesting ways. yes bitcoin is now going strong. it causes the mass people to use it because bitcoin is more easy to use. people need easy transaction to save time and to be productive everyday and i think bitcoin can help us to resolve our problem for that thing. bitcoin will always be the thing when you want to pay something even if you are in work. yes there is no doubt about this, bitcoin is already is one of the best currency of the world. and will continue as number one currency. bitcoin is also providing good opportunities of investment easy transation no doubt and so many other facilities to the people of the world. in fact bitcoin is created for proving online services like online shopping, online transaction etc and we can see that now in most of the big online shops they give you option for payment and in which bitcoin option is also present. and most of the people are now using paypay method for online shopping. |
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Bitcoin will still number due to the first crypto currency alive and successful by many years and now many company are using bitcoin and more investors are using it.. if you can notice buy many site right now they are added bitcoin as payment using bitpay.. and i think its really help us more people to know about bitcoins because of easily to use and the price is not stable and getting the benefits of the price increase..
You are right. Bitcoin really use more and more people. That is why it is not only the Cryptocarrency #1, but it will be a very long time. Remove him might only some revolutionary technology that may appear in future. And it will be very soon. yes the number of bitcoin users are more than any other crypto currency which make bitcoin as number one currency of the world. bitcoin has so many other feathers which also turn bitcoin as number one currency of the world. |
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