I came to figure out, why would a consumer/customer use Bitcoins?
You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.
So what is really a benefit for using Bitcoins, customer wise? If you pay with credit card then seller pay huge fee. If merchants adopt Bitcoin then they don't have to pay huge credit card fees, they can use this as discount on buyer end. So; Seller accept Bitcoin. Seller get rid of credit card fees. Seller discount the price. Both buyer and seller profit. Mutual profit. |
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Besides BitPay integrated car dealers, there's a site called BitPremier and you can buy high-end cars with your Bitcoin. |
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I would sell all my Bitcoins if I have less than 3 years to live healthy. I'd go on a world tour and I don't care about any technological revolution till I die. No worries for retirement, I just live for the moment.
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It's too easy to prove it but they chose to write fake news just to scare people. I think we should teach these fudsters a lesson.
"No evidence was given, such as the bitcoin wallet address, as the hackers “cannot go into more detail at the moment on current investigations.”"
Whoever wrote this article, you can go fuck yourself.
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Make plans for the better future.
Think a good investment that you love to.
Make your job as a hobby. And doing all these 3 how can you expect to get rich? These has nothing to do to get rich. I think you misunderstand the question. You can't get rich when you make plans for better future. You can get rich if you do right investment but you don't have to "love" it. You can't get rich when you do your job as a hobby. It's just make it easier to work, it's not about riches at all. |
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For me about 1900k btc will just cover my costs and hobbies  If i stay alive for another 30 years. I count a little less each year i become older. I do not know where you live but believe me your prices are insane low: Basically the cost of living cheap would be this: mortgage 1050 monthrepair contracts for heating devices 100 month gas/electricity 650 month property taxes 330 month water 110 month Food 450 month clothing 150 month insurances health/house/glas 450 month And thats not in dollars but euro's I got a few miners running which cover about 350 euro a month And this is even without the needed drinks/fruits and other hobbies i have. So you need 1.9 million BTC to retire, huh? Are you serious or trolling? If you have 1050 month mortgage, which means 87.5 years, either you have a mansion size of MJ have or I think mortgage company fucked you very bad. I'm sorry for you. |
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This means 30$ spent on Bitcoin every week. Here goes my beer cash. It's up to you. OP is asking is 1 BTC a good long term investment, I say yes it's a great investment. But I'm investing much more than only 1 coin. I don't consume alcohol, so I can save more coins. If you want to save 30$ coins every week, that's great for both your investment plan and your health. |
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I love these predictions but 1 or 10 coins may not be enough. Bitcoin can never move beyond the point of $500 and remain the money of gamblers and nerds. I think you don't consider block halving, mining difficulty, Bitcoin's limited supply etc. Do you really think 21 million Bitcoin is enough for all the world? There are 8 billion people in the world, probably more than 10 billion in next 20 years. But Bitcoin always will be limited to 21 million. The world is changing right now, even you don't feel it. Monetary system is changing, too. If Bitcoin will survive in next 20 years, 10 BTC would be more than enough to live great life. |
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Not at the moment. The price is not stable enough. I would try next week as their is talk that it will drop significantly then you should buy 1BTC to test out. It's a long term investment. It's better to buy at different times. For example: Buy 0.1 BTC today. Buy 0.1 BTC next week. Buy 0.1 BTC 2 weeks later. Buy 0.1 BTC next month. Buy 0.1 BTC 2 months later. ... Buy a total of 1 BTC in 6 months. I think that's the best investment technique. |
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When I think about long term investments this immediately comes to my mind:
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
Risks are clear, invest what you can afford to lose. I think there's a big possibility to get right.
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Lets say I want to buy bitcoins today and store them for 20 years to use a my retirement fund. Live comfortably, but don't need to buy a yacht or anything. How many do you think I would need to buy? I understand that you don't want luxurious rich life but a decent life with a house, car and enough money to children's college loans etc. I think if you won't spend any in 20 years, then 1 BTC is more than enough. But if you think about spending it starting 5 years from now then I think you need at least 10 BTC for that life. |
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ISIS has a Bitcoin wallet worth $3 million
ISIS makes up to $50 million a month from oil sales
Unless they get BTC for the oil sales I doubt this is going to shake the market considerably. Where did you get that numbers? If ISIS have so much coins they would manipulate the market and we see better prices. That way they can buy more weapons for jihad. But that's %99 fake information. |
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Where did you get that conclusion? Because gold is going up, not down. It's more than %20 up in last 365 days.
If you are short-term trader in gold, I'm afraid to say but you'll watch melting your initial investment.
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No, that's a stupid question. I think you opened this thread just to get attention. The answer is obvious, users have nothing to do with any currency, whether it's Bitcoin, dollar, yuan or pound, even cigarettes.
Ban Bitcoin. Why? ISIS use it.
Ban cigarettes. Why? Convicts use it.
Ban dollar. Why? Every criminal in the world use it.
Same failed logic.
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It's impossible to ROI with 1 year contracts, almost impossible to ROI with life-time contracts. I have 1 referral in Genesis Mining, right now I get only referral commissions. It's only dust amount, of course. I don't recommend this service to anyone again. Invest for other instruments, not this cloud mining company.
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Don't beg for fish, learn how to do fishing.
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They are faking their volumes, just like Mt.Gox did in 2013. Too many inside trading, no real traders there. Remember their scandal last week, they cancelled completed trades.
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+8.8 Lituation
I guess we'll see a lot bigger difficulty rise this time. Interesting things are happening.
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That's a big gambling, or should I say big waste of money?
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S5 ROI's are better considering S7 prices in dollar terms but let's not forget we have a block halving process 8 months later. Miner companies either decrease their prices or wouldn't find any buyers for these equipments that can't even make ROI. I think investing in Bitcoin itself is more profitable right now (in 8 month plan).
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