Some people prefer bitcoin because of it's anonymity. They prefer not to be known who they are or what their details are. Some ask for it because of their own protection also but making it anonymous, makes it more dangerous. Better yet, ask for an escrow for transactions. Bad people prefer it because they can buy illegally and possibly get away with it, that's only my opinion.
I don't think that is the main reason why people are using Bitcoin. What you are saying about anonymity is like you are describing Bitcoin as a currency of criminals who are hiding from something. Giving Bitcoin with a bad description can lower its reputation which is bad for both Bitcoin and its users. |
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I think that won't happen even in the future. A bank has more purpose than sending and receiving Money. They also lend money to people who need it. That is what the call loans in which they earn interest from it. Bitcoin wallets can't do that because there is no entity handling the flow of money to be given out to.
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The simple answer to that question is Taxes. If they supported Bitcoin than there will be less transparency in what a business is really earning which means they can avoid taxes. The government is trying to avoid that situation because Income Tax is the main source of our national budget.
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I think paper money have its own importance and will never dead. Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment for day to day transactions.
Debit cards are good as cash because they are using your money you deposited in the bank. Credit Card bills are being paid up by Cash. Bitcoin's value is based on Fiat currency. All of them will be nothing if paper currency or Fiat will be gone. They are just improving the uses of Fiat but they don't have the ability to replace them. |
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I don't know how it will work for any of us. A Bitcoin Bank that provides interest to us? Maybe it is some kind of an impossible thing because Banks need to handle the volltility of Bitcoin. A Volatile money means it won't be profitable to banks because no customer is willing to accept that kind of currency.
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I will strongly disagree on the idea of Bitcoin having a bank. It eliminates the purpose of Bitcoin not being controlled by anyone. Also why will you put Bitcoin in a bank when all its purpose can be done by a Bitcoin wallet? It would result into lack of innovation and critical thinking the result is no one will be willing to put their Bitcoin into a bank.
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We all have different sources of bitcoin other than buying some with fiat I think Cloud mining is no longer profitable as it was and trading is more risky has “whales” will be dumping bitcoins when ever there is a good price and gambling on the other hand is the only option that leaves you with controlled loses and being the best source for bitcoins .
Cloudmining will never be a good source of Bitcoin. Cloud mining is one of those fake investment scams existing in the web. They are not real companies and they don't even have real equipment. Putting your money in to one is like saying good bye to your Bitcoin. I know they look attractive but resist your feelings and don't deposit Bitcoin into one. |
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When this kind of price range definitely sellers take profit that is why it got down from 1100$ also the affect on news from China. That is why it got down back to 700$. Well time will tell us it will go back to 1000$ level if it will become a support for it.
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Well yeah it can be a hindrance if you will be using it for a daily transactions. I mean you have to send the payment and the cashier will have to wait for the payment confirmation which will take a while. Also it can be a lot of headache because Bitcoin prices are base on real currency. They will change every second the price of Btc change which means as a customer you will pay higher or lower it depends on what proce it is.
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Any updates about Bitcoin dying again? Because the price does not cooperate with what you said. People are not even scared of that kind of news. But somehow it makes me feel a little bit insecure that there are this kind of news. I wish bitcoin will last for more than a decade before it become worthless I am currently enjoying the possibility of earning bitcoin soon.
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I don't think there is one or there will ever will be. Because right now all we see in the internet are all scams in which they provide high interest rate to attract people to put their money on, but what really is happening is that they are just giving money from the new investors to the old one but the real winners are the scammers which will be the one running away with your money.
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10 BTC is a big capital. If you give me 10 BTC, i'll divide it to 2 parts (5 : 5). Then i'll invest the first 5 to revenue sharing or savings site (without ponzi scheme). And i'll use the second 5 for trading.
Just my opinion.
How does revenue sharing work? Is it tha same as the one that says "get help" programs where you ask money online and then they give you? But in return you need to give back money? Well in that way you don't earn at all as you give and take and sometimes I know some even don't pay in those kind of programs. |
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yes i think bitcoin can help poor countries but not so. as you can see that poor countries cannot afford internet and computers therefore it is not effective in poor countries so much
Internet are everywhere dude and computer are cheaper now and besides we can also transact using our cellphones, I do not think they will not know bitcoin if only they are interested with it, certainly it will help them if they have a husband working abroad and constantly sending money to them. I guess we just need to educate these people. What they will be earning online won't even be enough for them to last 3 days or so. Ideally earning bitcoin online is a good thing but its not enough to make a fortune out of it. As bitcoin can only be food as a kind of side income in which you consider it as a way to add more funds for your daily needs. I hope they consider the time and expenses first before thinking going bitcoin full time. |
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Depends on how you handle it, if you are using bitcoin as investment and trading then there is a big chance that it will bring positive results into your life especially if you are good in those mentioned, however if you are using your bitcoins in gambling and trying to beat the house then surely you will have a bad experience and will regret of knowing bitcoin.
I think there is always a positive effect you have to remember that investment in bitcoin own risk and it is possible people suffered losses in bitcoin due to the risk that, yeah I think it depends on your skill in that field, If you can handle it smartly then risk can be managed as more then risk there are many ways to earn it and if you successfully manage to do that then you can make really good money from it. Well in the Bitcoin world nothing is assured even if its investing or trading you can still have a bad experience with it. It does not change whether you pick gambling or not as both has the risk for you to lose all your money. Bitcoin can really affect your life a lot in both good or bad. My only suggestion is you need to take control on where you soend your hard earned bitcoins. |
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I do believe the most people are holding their coins or investing into crypto world, because they see what happened with bitcoin and crypto world is always changing, soo a new altcoin will try to fight to stay up.
New altcoins that are introduce recently are always a pump and dump coin. Meaning they will hype the coin up so that the price will increase and later the creators of the coin will be the ones selling it. It is a clever idea but almost everyone won't benefit it. People are actually not touching trading anymore as there is still things to be learn thoroughly so that mistakes will be few. |
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Define the word "Soon". There might be a slim chance near to zero on what you are talking about, local businesses have not even touch cryptocurrency yet and you are expecting that there will be a bank for bitcoins. Banks are run by smart people they know that Bitcoin is very volatile in which the chances of having a high price are the same as having a low price. I am guessing it won't happen as Banks regulated by the government also.
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I think most of the members are investing in Penny stocks and ICO's.
They don't want to invest in the banks because the interest was too small.
Investing and Penny stocks does not go too well in investing as there are other good stocks to choose from like Blue Chips which are high in capital and in which you know your money will grow well. I don't think that Penny stocks can give you that much gain that you are looking for. |
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3 BTC to Ethereum
1 BTC to ICOs
1 BTC to Gambling Investment (Riskier investment)
5 BTC in Paper Wallet
Similarly, 1 BTC to Ethereum 1 BTC to Lisk 1 BTC to Waves 1 BTC to Factom 2 BTC to Antshares 2 BTC to Zcash mining 2 BTC to Komodo ICO Why will you invest all 10 btc to Trading? Isn't that risky? Also the point of diversifying your portfolio is for you to have a safe investment when everything falls. But it is for the stock market not the same for altcoin trading. You will see all your 10 btc diminish in value from time to time if you don't know what you are doing. |
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Everyone on the planet thinks gold=money. A handful of libtards and techno geeks think Bitcoin=money. The rest of the world thinks Bitcoin=crime. You tell me, is gold better than Bitcoin? If you were stuck in a foreign country would you rather be carrying a paper wallet worth $15k or one pound of gold worth $15k. Here's my choice:  It's true that these days spending money on other countries is not easy (neither in the country you live) but selling the gold is much easier than bitcoin and that's true 100%, but you are more in trouble holding the gold comparing with the piece of paper. I can put 16 Chinese Pandas or Canadian Maple leaf coins in my pocket and sell one every few days anywhere in the world to pay for a month long vacation. Good luck trading bitcoins in 90% of the cities in the world.  Well unfornately bitcoin is getting stronger in the future because easy opportunity to get bitcoin in virtual world. Just imagine how you can earn by just fauceting, investing, trading and gambling unlike in earning gold you need to mine in your land a 50% 50% to get gold . Well ut good opportunity to have bitcoin. The problem is will there be any buyer for the coin you are selling, some countries you will try to sell it too might even not sell near what you are asking. Not everyone has interest in gold even if it is at of today at a lower price. Collectors are even picky about the conditiom of the kind of gold coins you are selling. |
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In terms of being a kind of main income? Than it is a no, the ability to earn a substantial amount of bitcoin for you to live daily is non-existent as for the moment yes having a signature campaign has significant value to it but it is not enough for someone to last even 2 weeks of food with it. Not unless the person has other good ways to earn bitcoin than it can definitely help him/her.
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