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People who earn money on Bitcoin instability and volatility, so traders, would not be happy if Bitcoin price becomes stable because that would disable their source of income. But som people don't like the Bitcoin volatility very much and if they don't earn on it some would be mo satisfied with stable Bitcoin because they would have more trust in it.
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I don't think Bitcoin and US dollar are so tightly connected. There is coorelation like with other fiat currencies but in sense of inflation/deflation they don't have direct causal relation because different factors and conditions influence on these two currencies. These are normal part of cycle for every currency but I can't see any special connection between dollar an Bitcoin.
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What sort of silly question is this? It is the responsibility of the user to securely store his coins. Let me ask you a counter question. Suppose you are having $10,000 in physical cash with you. Whose responsibility is it, to defend it from the robbers and thieves?
He probably thought about hacker attacks on the whole Bitcoin network. I suppose. But of course that every Bitcoin users is respnsible for his coins only himself, no one else. Maybe such easy security breaches are happening because people think that someone else will protect their Bitcoins and bring them back if they were stolen. |
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Bitcoin affects my life, it helps me a lot, especialy helped me in the past. Some coins that I earn help me also to cover some of my expenses and that means to me a lot to overbridge some difficulties. I think Bitcoin has positive impact on many people lifes and that it has given them the opportunity to start something new.
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Good news and expected too I would say. For,a country like Japan this seems prety normal to me, they are progressive with very developed usage of technologies and open minded. And the more the Bitcoin is fuly accepted all around the world, the better for all of us Bitcoin users.
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Some people buy on forum, which could be risky, some on exchangers, some on ATMs but I would recommend localbitcoins. For me it's the most convenient and also reliable place to buy Bitcoins. There you can find a trader from your country, even local community, and easily agree the transaction. You can also buy Bitcoins on blockchain if you use their wallet.
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It's in governments nature to control things, so it's with Bitcoin. They will not ban it, by now they have realised this is useless but they will try to to put as much regulations on it as they can. But that doesn't necessary have the bad impact on the price and with time the number of Bitcoin users and places where is accepted is growing.
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Bitcoin isn't money in traditional way and its doesn't belong to just one country or group of countries, doesn't have central bank but it certainly could be used as money for payments,directly or through debit cards. So there are some differences but also some similarities. But O think virtual currencies are definetely the future of money and payments.
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if you have the private keys I guess you'll be able to import to the all the wallets the key and spend the coins  not really difficult Yes, this should work so. If more chains will exist everyone should be able to access their coins in wallets and switch to something if necessary. The problem could be coins stored in exchangers. Although exchangers are not supposed to be wallets many people store their Bitcoins there. They should be removed from there on time and actualy nothing bad shouldn't happen. |
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I wouldn't put that this way. Bitcoin was already 200$ and under but still it wasn't dead. Bitcoin is much more complex thing then just exchange value that it has and it shouldn't be looked only that way. It can't just die because of the low price, many other factors on the Bitcoin market are important too.
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Isn't it the other way around? Too small fees can actualy make transactions very slow, to be precise you could wait for confirmation very long. That doesn't mean that you have to pay huge fees but recommended ones can't do no harm. Anyway, I think that you have put the wrong question, you probably understood it wrong or there is a language barrier.
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I guess yes it does have a future .well it all depends on mass acceptance of bitcoins among the people and if the government does not ban bitcoins at all .
I think even though the government banned the bitcoin even if it does not make the future of bitcoin be lost. the future will continue to exist because users will continue to arrive even though bitcoin banned Even if this happens Bitcoin will be not banned everywhere, maybe only in some conservative countries. So far many governments and central banks have realized that they can also have use of Bitcoin and that is not in their best interest. In.Europe there are some examples where central banks are even testing the Bitcoin and blockchain technology for their purposes. And when did any bann stoped people from using something? |
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The price has recovered again after a slight dump but still is the good opportunity to buy some more coins at lower price because it will climb up again, that is for sure. If you are involved with Bitcoin for a longer time you know that such volatility is normal and that Bitcoin is good investment long term so you should get some more coins.
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Well, we don't know that. Maybe Satoshi has more money then Bill Gates but since he doesn't want to reveal his identity and other facts we can't know that. Even if he's not the richest man on Earth I beleive that he owes very big fortune that he enjoys somwhere in the anonimity and that is good for him.
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Why so many black thoughts and predictions on Bitcoin lately? Because of price dump? It's not the end of the world and Bitcoin if there are some issues appearing. Bitcoin still has a lot potential that is unexplored and that needs to be used in right way. Don't give up on Bitcoin people!
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I don't know that there is some other Bitcoin related forum that is so popular, with so many users and so much quality like this one. There've been some other attempts but without success, they just couldn't attract the users. So, don't waist your time looking for other ones, spend your time here. We are like the big family.  |
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The information that you have posted is not new at all. And I am sure this would have been discussed before. Yes people are frustrated with the fees and yes xapo is a way to save on the fees. But if both the parties are coin base users, then there is no fees for the same. I wonder are you writing your xapo address so that some one reads this article and sends you money in Bitcoin cause you have written about xapo not taking fees. Good luck with that.
There are lots of exchanges not only xapo that shoulder the transaction fee. And indeed this is not news at all. Even some gambling site shoulder the transaction fee which I can name, FortuneJack, as one of them. With the free transaction fee came the risk because in Xapo you are not holding the private key to your Bitcoin address, same with other online wallet out there. That is true. I use Xapo and although so far I had no issues and problems there is a risk because of the private key that you don't hold. Seems that fees are quite an issue lately and I don't know how this will be solved. But I know we have the choice. You can use suggested fees and everything will go fine or you can take risk with very low fees. |
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I would say that you think twice before leaving Bitcoins. I mean, there are problems and nothing is perfect, slw confirmation could realy be annoying but this all can be solved. You can also have problems with your bank account or credit card but you will not quit them just like that, right. But the good thing in your story is that you leave gambling, you will save a lot of money.
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I don't think this will happen, at least not very soon. There are many attempts to compete with Bitcoin but with no success. ETH and Monero are not that bad but still without any chances to replace Bitcoin. The thing is that no other cryptocurrency hasn't succed to achieve such value and acceptance and to be useful in real world like Bitcoin.
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Bitcoin will never be unstable but it will be a good income source when we are going to store money and do buy and sell every time the bitcoin price down and up i predict bitcoin will be up to 1,500 doller this comming year ends bitcoin will be a good cyrptop currency
True. The stability can only be achieved when Bitcoin will be recognize as a legit form of money both accepted by companies and government worldwide. Up to these day Bitcoin has been a good income source and sideline work to people. You must be patient and persistent here to earn some money, but as a bitcoiners that attidute must be necessary in order for these community to grow. where country already accepted the fact of bitcoin that will become part of economic and start accepting bitcoin as secondary payment.
This will be tough. It will be against all odds because government, companies central banks is threatened by its potential and its ability to overthrow such things. It will be tough, I agree, but still by now governments and central banks have realized that Bitcoin has become inevitable and that they can stop it. So, it's better for them to join the Bitcoin train then to miss it because this is also their chance to have some use and profit from it. And they also think that with Bitcoin regulation they could have some chances to keep it under control which is better then now when they don know what is exactly going on. |
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