I don't think that it's very important if you think long term. In term of technology it's not important at all. What is important is to not forget that bitcoin has a technology which is less interesting than other cryptos so maybe bitcoin won't stay the king
Apart from that, I don’t see any other thing that matters a lot, unless the market cap which is another important thing. Most of the people here are into Bitcoin to make money, if not that, I wonder what else brought them into Bitcoin, because I don’t see any other reason apart from making money, unless you came to watch others while they make money, that would be fun right? |
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How do you think bitcoin will affect the world economy by 2028?
Not really, I don’t think it will do anything more than what it has done this time. I don’t really see any much changes, unless, maybe countries in the world will decide to adapt to making use of cryptocurrencies as their main currency, but I don’t think that will ever be possible. There are people who are not good in this, so they won’t be able to make use of it. |
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They won't miss any chance trust me, they will invest in Bitcoin and new potiental ICO projects.
Yes you are right, they wouldn’t like to miss a single chance of earning, but still that doesn’t mean that all of them are into Bitcoin. There are some billionaires that wouldn’t like to invest in bitcoin, cause they see it as illegal and something worst than any other form of investment. But I still think many of them invest in bitcoin, that’s why the price rate keeps going high. |
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Many are saying that indeed bitcoin is just a bubble. Ofcourse those who don't believe in bitcoin will say that. However, whether it's a bubble or not, it is up to the person like you and me if we will believe in it and continuously invest. We all since then that investment requires risk as well. This can be a humor only unless bitcoin will continuously prove itself that it is not.
Yeah it is depends on what we believe ,if we think its a bubble then stop investing but for me its not a bubble ,many of us help by bitcoin and this is one of the reason why i still believe in bitcoin. Well, it’s kind of a bubble, but some has always claimed it is not a bubble rather it is being moved by the amount of investment that people are making. Every time I go online I usually see some economists call bitcoin a speculation. Finally, I believe Bitcoin is being moved by the rate of investment people are making, but Volatility depends on devs. |
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Now-a-days,Bitcoin used for different purposes by the different prople.Everyone uses this at their sweet will and fulfill their needs.If you want to use this for investment, I think your choice is more smart than others.It will give money as a profit.It's price is huge now.Moreover, for investment, bitcoin is the right choice and it is safe.
With everything that has been happening, I don’t think anyone would be asking whether Bitcoin is a safe place for making Investment. You don’t need to be told, you have already seen it with your two eyes. Bitcoin is in fact the best place for anyone who wants to invest their money into stocks/assets, cause the profit that comes from it is more than what you will gain from others. |
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According to different Statistics the Future of this virtual currency is so much brighter than others currency and people will find very easy to deal with every thing through bitcoin. some Reasons are really very fruitful for economical development such as
1.In future buying bitcoin is more easier than past condition ad people can complete so many task very easily.
2.most of company use bitcoin as a local currency that helps to regulate bitcoin like regular currency and more company will interest for using this currency(bitcoin)
3.international client are more visible if this currency will use globally.
4.in future if government use the protocol then cyrpto-currency will protected and people feel safe for using this currency.
But if that happens, we can assure that bitcoin is already legalize and therefore have a tax, so we can say that the bitcoin we are using now is not same as in the future. We can expect that it will accept worldwide in the future for there is an increasing number of people who are being interested and will use it. Like the most number of bitcoin user they don't like for it to be legalize, they don't want it to be taxed. I don’t think Bitcoin will ever be legalized, it’s just like semi-legal and not fully legal. It is Decentralized, and is meant to be used by everyone and anywhere in the world except places it has been banned. No particular government has right over it, so they can’t legalize. I believe the best thing the government can do is just allow people to use Bitcoin, but they should be on the watch out and ban it immediately if they notice negative impacts on their economy. |
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Yes, for me, most of my bad habits are altered into bitcoins, because while you earn, you also help yourself to develop your skills in writing and paragraph forming. Sometime when i get bored usually i spend my money to casino but now, it was suddenly change, And im very optimistic about my transformation.
Unless you mean in those areas of skills acquisition and the rest of them, but apart from that, I don’t see Bitcoin changing anything. Even skill acquisition is a normal, you can acquire skills without Bitcoin.Coming to the side of investment, I think that’s where Bitcoin might be breaking records and making changes, but for other things, Nah. |
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cash is very important in an economy and through this we can easily buy and sell things everywhere.if the world is cashless then the poor people and less educated people were disturbed because they don't know the electronic and digital money for that. the cash is also used everywhere and we should not eliminate them from the world so we would feel free if the world is not cashless.
Having a cashless world is really not a good idea and that is total madness. Yes, small businesses needs cash, but it’s not only small businesses, there are also other things that deserves. Another thing you need to know is that having a cashless world we require everyone to have computers and smart phones. There are people in this world that can’t afford a tooth brush, not to even talk of having a smart phone and computer. So I say no to cashless world. |
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You can do is like investing but you cannot do it right i guess so do the kind that you want sell an items or anything using bitcoin as payments if you like it then if you have skills like disigns or creating videos such as bitcoin payments then find a job that bitcoin as payments too like bountys socialmedia campaign fb,twitter,telegram etc. signature campaign,pr campaign, youtube campaign or anything else that capable to you that will help you to earn bitcoin as easy and fast.
Selling goods and accepting Bitcoin as a method of payment is not really bad, but the problem there is – who is ready to buy anything using Bitcoin? There are not much people who are ready to use Bitcoin for buying stuffs online, so if you create to do such, you won’t really make much profit/money. It’s not really for someone to make up to 1 Bitcoin in a month or 2 these days. Maybe trading will be a really good trading, or investing direct to bitcoin. Offering services can also be an easy way to achieve that. |
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Looking at the hype and profit, I honestly would be the happiest if someone presented me btc this Christmas. Any Santa Claus around?
That would be a really precious gift if I happen to get it as a gift from someone, but the thing there is– who on Earth is ready to give out 1 Bitcoin to someone free as a gift? I don’t think Good Samaritans like that really exists in this our world as of now lol. Everyone is just hustling fro themselves and their families. |
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I dont think volatility is a bad thing. Bitcoin volatility is because the matket still small. If it is bigger it will have smaller volatility and the volatility now only because bitcoin seeking its true price through supply and demand. When it reach $100k and i think it posibly going to that price we will see small volatility. At stock market smaller market cap stock also have bigger volatility.
Volatility is the norm for trading but Bitcoin is also a payment method, and people do not use it to pay. This is because Bitcoin is very volatile. I do not know what you want to talk about with $ 100k. My imagination was not enough. Volatility is good for trading and investment for the long term. This is your opportunity to get rich. For me volatility of bitcoin is not a bad thing because of there negative and positive impact to every each one of us. If the price of bitcoin is radiply falling down, its because of many speculation in a previous months like china have expose of a total banned of bitcoin. So most probably thats the number one probable cases of volatility. Eehm…. It’s not really a bad thing, but sometimes it seems to be quite a bad thing when speculation gets involved. Why I will be saying that Volatility is a good thing is because that’s the main reason why we earn from bitcoin, because without it being highly Volatile, we won’t be earning anything. You might support the idea, if you happened to invest at the wrong time, cause when it’s falling, you will lose a lot. |
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No it is not. No one controls it and if there is any mistake in transactions, no one will return you Bitcoins you lost. It is simply a very valuable currency. But in other hand in it independence!
For me, this is not a Currency… Oh did I just say it’s not a Currency? That’s a little thing, cos I’m taking it easy on it. Someone even said it is not a Currency, and neither is it a Cryptocurrency. By the way, it is decentralized, a real currency is always centralized and not decentralized. It is not legalized by the government and you can’t see it representing any country when currencies are mentioned. So it’s an Asset (digital-asset) for investment. Don’t think I’m against Bitcoin, I’m not…why should I be? I’m just pointing out the real facts. |
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To get more profit, buy cloud mining or bitcoin mining that is usually sold in GHS units. So when the price rises, the bitcoin mining results can be reselled in the form of cloud mining or mining in GHS units or in the form of a bitcoin product.
I wouldn’t recommend accepting only Bitcoin in business. If you do that, you’re likely to end up in loss and gaining nothing. If you’re into online business and you feel like accepting Bitcoin for payments, don’t use Bitcoin alone, do it with other form of payments alongside Bitcoin, like PayPal and the rest of them, so that people can pay with whatever they choose. Bitcoin is not widely recognized, so don’t go with it alone. |
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A big no. Bitcoin gold will never reach what bitcoin has reached. There is one reason if you want bitcoin gold will reach the price of bitcoin at this moment and that is if all bitcoin holders will sell it and buy bitcoin gold instead.
Right. There probably won't be any alts that can emulate what btc has achieved even etherium. Bitcoin gold is basically going to be another btc ripoff alt that may sometime gain significance but not btc level BTC rip off alt is just the perfect word to use. All these coins that are forming some new development are just unnecessary and the devs actually did that to scam a lot at the end. Over time, most people who are holding them will end up just being a bag holder of shit coin and that is how I see most of them. Forget that we are seeing them in the top 10 now, which obviously they were able to obtain from forking from bitcoin, but time will tell and it is just a matter of time before we start experiencing the death of some of them including BTG. That’s true, and by the way not everybody is interested in a coin that got hacked in its first week lol. I don’t even consider Bitcoin Gold as something safe for me (just me, not talking about others, they have their choice to make) I don’t really consider it safe in anyway, not even terms of being safe. By the way, most of these stuffs are just speculations, and they are not cryptocurrencies and also not currencies lol. Their price can be set to anything, but for Bitcoin-Gold to reach the class of BTC? That’s totally impossible. |
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I'm sure in the next decade, it will be the era of Bitcoin,
we all know Bitcoin will be in great need of the world, because of its fast, secure transactions and its efficiency....
Yeah it will be the time of the bitcoin and the bitcoin will be the best currency I can see how fast the bitcoin will give me high price and the value I am now investing in the bitcoin and the bitcoin will be the best currency in the coming age now I am aware of the bitcoin and the bitcoin is going to increase more with the passage of the time so the bitcoin is increasing more if I will buy more bitcoin. Bitcoin already has made a big change in the entire currency usage, but being very small in capital compared to other national currencies it is hard to go mainstream. Based on the fact bitcoin will serve as an alternative path for the transaction and other necessity making the base for bitcoin era. Maybe in the future bitcoin era might get more popularity. It will be good if you explain what you mean by next decade will be for Bitcoin. What will really happen then? Cause I don’t really see any change that will be as of then, apart from the fact that price will be increase, which I’m not even sure of, cause one day, people will start to withdraw the profits they have made overtime, which is something I’m very sure of. Maybe it’s stop all this prediction of a thing and wait to see what happens till then. |
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When it comes to the investment, many newcomers or people with frequent requirement find it difficult to invest for longer amount of time. Here by short investment i mean any investment which is less than year old. That investment has been cashed out within a year. And by long term investment I mean investment which will be kept for more than year ( ideally 10 years or so).
What do you think which is more beneficial short term investment or long term investment
First of all, let me ask you– can you hold your investment for up to ten years without touching a bit of it? I don’t really think you can do that. Lots of people claims they do, but only 5% out of a 100% can do that. Short term Investment is good, if you believe you can hold your investment for at least one year, you can go for it, and Bitcoin will be the right choice at this time, as some people are saying it will go up to $15k each, or even go above that price rate. |
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the ethereum really shows itself well...you can look at it...but for now I trust bitcoin more...5 years later, perhaps, the ethereum will be more valuable
5 years is a short time for Ethereum to take over Bitcoin. Bitcoin is the first to come out, and lots of people prefers to have Bitcoin more than every other cryptocurrencies, and I haven’t seen anyone who said they have an altcoin without having Bitcoin. When people talk about cryptocurrencies the first thing that comes to their mind is Bitcoin, so in next five years, Bitcoin will still be better than Ethereum. But that doesn’t change the fact that Ethereum is a very good coin to invest in, and it will always remain the best apart from Bitcoin. |
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The drop was certainly big enough to catch everyone's attention, and the reason behind that can never be known as there are a lot of things that can cause such a thing. Like panic sell, FUDs, negative talks and many more. Now any of these things can cause a price drop if it occurs anytime in the community. But to be honest, they all happened in the past as well, but this time the drop was really big. It frightened the hell out of me when i saw a post about it in twitter  It is really hard to see the price going down in such a short time. Not really everyone, that will be depending on what rate your Bitcoin was purchased. Falling back to $8k+ or 9 is not much a problem, every reduction is like an opportunity for people to buy-in quickly, and I believe there are people who did that during the flash fall. As of recently, price is back up to $10,533, and might be back to $11000 by tomorrow. |
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I won't sell except I need the money to pay for something I need. I am thinking of BTC as a new technology which I adopt and not as an asset which helps me to get rich (would be a nice side-effect  ) 11k or 10k I’m good with both, if I happened to sell at any of the both price, it will be definitely Okay. But since the price is always going up, I don’t see any reason to sell yet, and as I’m seeing it, the price won’t fall, rather it will keep on going up everyday. So I will just keep it till my mind says sell it, then I will sell. I’m not trying to be greedy, but I just don’t see any reason why I should, I can only be withdrawing sometimes when I’m in need of something. Also, every month, I do withdraw a certain percentage from my bitcoin. |
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yes patience and holding with a good and detail information if you have then you will satisfied in the case of bitcoin you will always get profit if you have attached with the crypto world. In the past the prices were not growing rapidly but now the users become numerous and the demand for bitcoin is high in the world that’s why if you hold it with patience you will get profit.
I know there is a big quanlity of demands for Bitcoin but there is still can be a big crash which could lead the price to the begin. It's hard to predict when will it happen but for sure it will happen. Profit is depending on how can you stop your greed. Greedy will kill you when you're unexpected. That’s true, Bitcoin can crash at anytime and it’s likely to be when it’s least expected.That’s why I’m not really into holding for a long time, I can hold for months, a year and possibly going to two or three years, and I sell off when I feel like I have made excess profit, and indeed I do make lots of profits, cause whenever I buy Bitcoin, I buy in bucks (many bitcoins) not minding the price, and when I make profits, it’s always huge. |
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