As far I observe these past years when I am into bitcoin, no other cyrptocurrency can compete into bitcoin. Because bitcoin is leading on top of the market. It become the most used as digital currency over the world and become popular though.
Bitcoin has been in use for many years and has a somewhat proven track record. Any other similar currency would have to prove itself similarly. I think that any similar currency could only compete with Bitcoin if it were to use entirely new and revolutionary technology. Or perhaps if a similar currency has a huge appreciation in value, more than Bitcoin. That would definitely attract attention. yes that is very right to say that bitcoin has no competition. as bitcoin is the world number one crypto currency and hope that it will continue as number crypt currency of the world. |
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It is better for bitcoin ETF to be approved because there is a high chance for the price to goes up very high like it is easy to reach $2,000 price per one bitcoin if ETF is approved because there is a lot of possible big capital investors in bitcoin and it will create a huge demand for the market and lessen the supply in the market so easily that can make the price to skyrocket very high.
in fact i have no idea about it that either ETF approval is in favour of bitcoin or not, but as i can see that most of the ops are consider it as good for bitcoin so i will also pray for a better decision to be taking about ETF. |
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It could bring a country on its knees If that country didn't regulate bitcoin, If they did then I don't see how this could happen as they will tax it, and make whatever rules they want and since people use exchanges and don't really care about decentralization and their privacy, this is not going to happen. In fact, It's the banking system who will bring bitcoin on Its knees If this continues.
yes it can no doubt about this but i think it will take some more time. as some countries have already started thinking about making bitcion as legal currency. and hope that very soon they will consider bitcoin as legal currency. |
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I think it can be die bitcoin if they are continue to increase the fee into high just like other people they are slowly converting into altcoin or they are using other payment processor due to high fee increase..
Just like my 2 transaction i send a bitcoin for 30 sat it takes long time before you receive 24 hours or more.. but when i use the dynamic transaction which included to the next block the fee is 0.001 btc plus that it takes few minutes or hours.
That if it will increase more in the future.. how about other people who are saving for a small amount can be exhausted for just transferring bitcoin to other wallet..
i do not think that the transaction can cause bitcoin to die, but no doubt that it will put a great impact on bitcoin, i think the transaction fee must be under control and can only be increase on certain conditions. |
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The reasons why bitcoin always be #1 is the ability that can make the life of a person comfortable in a way of fianancial sources which is cryptocurrency. Although it's not been recognized like fiat, it's been used by most people who really experienced the benefits they have from bitcoin and that's why it really influenced more new comers of bitcoin.
Exactly, in my opinion is the first, thing that makes bitcoin is always the number # 1 is bitcoin became the first in cryptocurrency, so that when the existence of the new coins then it will always be compared to the bitcoin and make bitcoin popular. to me i think the main reason is that people are taking interest in bitcoin. bitcoin is already number one currency of the world and will always remain as number one currency of the world the users of bitcoin are continuously increasing. of course bitcoin will become world number 1. bitcoin bring crptocurrency be reliable, and for the better. of course bitcoin will first be in view and in the drill by large investors. in addition, the current price of bitcoin be higher than the price of other coins. so I think bitcoin will still be number one. yes that is a fact there is no doubt about that bitcoin is the best and reliable crypto currency and that is the reason that bitcoin is people are investing their assets here in bitcoin. |
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What is the best short-term (3 months or less) investment you made?
I never try to invest in a short term because I'm so afraid this kind of investment. Many investment like hyip are not take long its better if they achieved 2 months. So i never try i only invest in trading thats the only way i know to earn bitcoin. yes i am also not in favour of short term investment and specially in present time when the price of bitcoin increasing continuously. i think in future we can also expect the increase in price of bitcoin. |
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I personally belong to both groups, I believe that bitcoin will eventually go to the moon however, unless the development becomes active and developers work on a solution for BU and SegWit that we are currently facing and It could result into two coins instead of one, we will never get there and Altcoins will end up surpassing bitcoin with no doubt.
yes there is no doubt about this. i am hopeful that the price of bitcoin will be trading too much high in future, as the rice of bitcoin has still good potential in the price of bitcoin to increase. |
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If people store bitcoins in their wallets, so it has clear mean that people trust on bitcoin, and also me, i also have save my bitcoins into my wallet, because it is my investment. Bitcoin is best cyrpto currency and it has really good price value, and definitely in future bitcoin give us profit and it will be a great place in online world.
Benefit of saving btc is a good idea. but just follow this thing if you feel you are getting the best reward comparatively to what you invested then it is best to sell it. whats the point of holding if you are on profit. you don't know when the price will fall. yes one can get good benefit from saving bitcoin and specially in present time when the price of bitcoin is continuously increasing, and hope that this trend of bitcoin will continue for a long time |
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Yes, the mining fees are getting more and more expensive day by day and we must find any concrete solution for it otherwise, it will reach the level of what other fiat companies are charging today. The core benefit of bitcoin is that it is (still) cheaper than other payment options in terms of transaction costs and it needs to remain under control.
yes i am also not in favour of increasing the mining fee. i also think that this problems must of solve on priority basis include the bitcoin transaction fee also. |
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I disagree with what Mathew O'brien said because bitcoin is a currency not a tech stock and this kind of a thing will happen just because bitcoin is not centralize or control by any government agency or organization. I guess this is the reason why the Texas law firm said no government should impede anyone of having bitcoin. If bitcoin is not a currency why would New Hampshire state house passed House Bill 436 which exempts bitcoin from costly money transmitter regulations?
Technically mate bitcoins is not a currency because a currency would be something that can be generated more and more on demand while bitcoins amount is fixed by satoshi and cannot be changed, bitcoins is rather more of an asset that is traded based on the demand and need of the market. but i think bitcoin is a currency but the only difference is that bitcoin is a online currency. and very soon we are going to use bitcoin as fiat currency in our local shops. |
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I believe in 'safe investment'. For crypto like bitcoin is clear that you earn it more rather than investing it somewhere. This is my point of view because investing is always involved with risks such as changes in prices drastically, loosing shares. One very interesting thing about bitcoin is 'the more you store it the more it's value increases periodically'. Two years before bitcoin was half of what is today if we think about USD value. Just imagine if you would have had 1 bitcoin then today it is more than what you really had. On the other hand if you invest you put yourself in the risk of loosing it or it's value in some instances. Bitcoin is really like a Wine! The more you store it the more valuable it becomes! !
So bit of advice, if you really want to invest then invest it in yourself/your wallet! :-)
There is no doubt bitcoin is currently one of the best investments in the world since it offers the high chance of earning money without doing much with your bitcoin the only thing you need to do is to hold and wait for the price to get higher, so that is something anyone can do. My best investment strategy is investing in btc, btc is growing day by day and if you compare btc with gold you can understand the difference, gold value doesn't change much but btc value increases rapidly. it is trustworthy that you get the best reward from the btc. my investment strategy is purchase the btc and hold it and sell when i feel i get the best benefit from it. yes currently it can be the best strategy as there are more chances that the price of bitcoin will increase more and more, therefore saving bitcoin is the best option. although from trading you can also make good profit but currently holding bitcoin is more better than investing i in any other alt coin. |
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Since I started in here in this forum on bitcointalk I invested most of the in the legit ICO altcoins and do some trade in the exchange platform by simply buying other coins on which I think it has a potential value. Well if you're going to pursue trading, think proper research should first be done before you start. Some people realize that trading is for them the first time they complete a trade ehile some take time and a couple of losses before they get the feel of it. i think continuous study and analysis can make you know about your business that either it is on right side or not. i think you need to do analysis continuously. |
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Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
It is increasing because the supply is limited and the demand of bitcoin is highly demand in many markets. The price goes up because many people invest in bitcoin and some people pump it so that they will earn more profit. yes that is a fact that it depend on demand and supply. if the demand of bitcoin is increasing because when the number of bitcoin users is increasing the demand will also increase and he supply will decrease and thus the price of bitcoin will increase. |
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i think 25$ is such a little amount to invest, but still you have an option to invest such a little amount in trading cheap alt coin and even from such a small investment you can make a good profit. |
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I went with 2-5% but that's being optimistic, realistically I think bitcoin ownership will stay under 2%. Even if bitcoin ownership increased by a magnitude of 10 it would still be less than 2%. We are still in the early days.
maybe I will be optimistic bitcoin users would probably only reach 2-5% of the total world population. if you want to see 90% of the world population using bitcoin. it will take the next decade That number is too optimistic, when half of the human population have problems accessing water when one third don’t have electricity, I don’t think we are anywhere close to reach a number like that, if we reach one percent before this decade ends we should consider ourselves lucky. electricity and the Internet has become a major requirement in the world. so I think it will be developed to become more sophisticated so that electricity and the Internet will continue to exist so believe electricity will not be cut off in the future Electricity and Internet come hand in hand. If there is no or little supply of electricity in your country then basically Internet is also limited then bitcoin used is limited as well. So the number of bitcoin user correlates to countries that consumed a lot of electricity. My guestimate is that bitcoin users will more likely around 2-10% for me. I agree with some saying that bitcoin is still in its infancy, so its still young and needed to grow more in the coming years to reach its potential in year 2020. I agree, I think that Bitcoin's adoption by 2020 will not result in it magically being a mainstream currency and my view is that arguments for Bitcoin becoming worth a million dollars or something are nothing more than weak hyperbole and a facade of optimism. The usage couldn't be more than half because less than half of people have regular access to the Internet. The people who will have good enough Internet will be much fewer than that, and beyond that a lot of people with stable currencies will not automatically turn to Bitcoin if they are in countries with stable enough currencies that they feel are better for spending in their everyday life. as to reach to 2020 we have not more that 3 years, ithink in next three years we can expect that the users of bitcoin will be too much increase because still majority of people do not know about bitcoin. |
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To grow the adoption of bitcoin we need people spending it as a daily currency.
In my country there is not much I cant buy with bitcoins.
Granted not a lot of retailers accept BTC yet but with all the services available now they dont need to.
A bitcoin debit card can be very handy.
Nowadays if I need to pay a bill then I can pay any bill via a site called livingroomofsatoshi
Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.
Even here in my country there few merchant who accepted bitcoin here, also people are not quite familiar with it. But in some other form of payment through merchant who accepted bitcoin here bitcoin user had a chance to send money to their love ones, friends, and family, and can also do payment in billings,and can transfer money from bitcoin to bank. Exactly, At present, there is no direct option for payments through bitcoin, either we have to convert bitcoin to fiat currency and we can easily pay our bills. Because most of the merchants even don't know what is bitcoin here in our country also, so right now in the present situation directly we cannot pay anything with bitcoin. The only option we have to convert them to fiat. Same with my country we can use easily bitcoin to pay our utility bills online than wasting money for gas we don't needs to convert our bitcoin when we really want to save it we can use our web wallets to restored our bitcoin where there are chance to earn more profit just holding them. Let's wait for serveral years and lets see what happen to our economices to me in my country we have very little chance of using bitcoin, we only have the facility to use it for recharging our mobile but still i am confident and hope that in future we will be able to use bitcoin for so many other things even in our local shops. |
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I cant really tell how long paper money will last, the thing is that we can make unlimited amount of it and we can counterfeit it. Government cant control bitcoins and powerful individuals are opposing cryptocurrency. When it comes to privacy and security bitcoin will win unless some genius individual find a way to break sha-256. Paper money is good to have in hand too because there are circumstances that I am going to pay in a past pace(e.g in a crowded bus).
I think accepting both paper money and bitcoin as a value of exchange is a great phenomena.
People from poor countries will always use paper money as they don't have bank accounts and they get their salary in cash and that is the only option for them for their spending and scenario will not change drastically in future even if bitcoin becomes more popular and paper money will always survive as it has support from the Governments. i do not think that there will be a single country where there will be no bank, i think banks are available everywhere, even in very poor third world countries banks will be available there. |
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Currently i'm exchange all my bitcoin to paytm cash. So, that i can withdrew it to my bank account whenever i want as well as i'm paying mymobile bills via paytm.
Sometimes i'll use mycelium wallet to buy/sell bitcoin,its actually rare case.
Its good that you do exchange but in other country exchanging is impossible. Here in my country there is an app called coin.ph where you can store all your bitcoin here. Because its a wallet at the same time . You can buy load ,pay bills and even convert your bitcoin to currncy. Transaction is kuch easier. In fact you can do some trasaction on this wallet. So no need to cash out you can earn while spending your btc on a wallet . in our country we also have exchanges through which we can cash out our bitcoin very quickly. to me i think it do not take more than a hour or two to cash out our bitcoin here in my country. |
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I don't think holding bitcoin a long time good way to make money, but holding bitcoin a long time is good for saving the money,
because our values are not be taken by inflation like holding money a long time.
The good way to make money with bitcoin is with trading bitcoin to fiat money or trading altcoins bitcoin to altcoins,
of course with method trading that gives constant profit daily,weekly or monthly.
Bitcoin is not only a saving, but a good investment. It will rise a lot in the future. yes that is very right to say and that is the reason that long term investment is the best option to make money from trading. and specially in present time when the price of bitcoin is trading above 1250 USD level i think long term investment is a safe investment. |
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did learn from books but I jsut spend the btc I earned to poloniex, it doesn't matter to me whether I profit or not so long as my adrenaline to sell high and buy low is tested by my hand. I loss all of it from the first few weeks but gradually learned whtqa they actually mean by "buy low sell high".
you may understand it like btc/usd so buy btc when the price is low and once the price hits almost the peak, sell for USD. or you can take it like buy altcoin/btc and then sell when its pumped. there are good altcoin such as eth and xmr.
to me i think experience is the best teacher. if you will spend more and more time in bitcoin trading you will learn much more about bitcoin and bitcoin trading. |
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