Big Banks are so nervous about Bitcoin because BTC came about to disintermediate third parties. Banks are definitely unnecessary when making transactions person to person, especially across borders.
right and because thier service wont be needed anymore,the corruptions will be stopped when bitcoin take over the transaction.bank always tell us that our money is safe but the real fact is they are the hold upper..the sindicate that making money out of our money.hope in 10 years time banking system will not be needed anymore and the crypto will take over Lol who told you guys that banks are afraid of Bitcoin? I don’t know why some guys keep on coming up with topics like this. Banks are never afraid of bitcoin, and know this– if banks sees Bitcoin as something bad, then it will be down by now, because Bank is Government, and Government is Bank. The reason Bitcoin is still seeing the broad daylight is because the government is yet to recognize it as something bad (I know some did) but when they do, huh, it will turn out pretty bad. |
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
they are sending bitcoin in online wallets because they want to play bitcoin as a long term and sell it when bitcoin is very expensive, keeping in a virtual wallet is safer than storing it in the market. There is not much benefit in storing bitcoin for a long time, except that you will be making profits every time the price rate of bitcoin increases, and it had been increasing seriously since September. Lastly I checked it, it was already at the rate of $8,000+. As I’m seeing it, Bitcoin might reach the rate of $10,000 by the end of this year 2017. |
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50k bitcoin in a few months won't happen, even in a few years it's a long way but I believe, bitcoin needs to find its feet again and the support of the market after the fork was cancelled.
Bitcoin is increasing day by day regarding its price but it is not the case that you will say bitcoin will be more than $50k in just couple of months. No that wouldn’t be happening even not in upcoming years. Bitcoin need huge time for reaching the value you have just mentioned here. Maybe after few decades you can say yes price would be more than $50k but not now. Yes, he didn’t even say a year at least, how can bitcoin reach $50,000 in just a couple of months? Well, it might be possible, but this is making seem like Bitcoin is becoming some kind of speculation project… the price is going very high everyday, so I am thinking it might be quite possible, but let’s just keep calm and see what happens. I won’t be unhappy if it reaches $50,000, at least a little Satoshi will be worth some bucks. |
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It is impossible that bitcoin becomes a national currency because it is still in the process and it's volatility so the price will change varies prior to bitcoins. For most of the countries it will hard for them the regulate it. We'll expect this for the future.
What you said doesn’t really make any sense. And what do you mean by being Centralized and some countries not being able to regulate? Please, stop deceiving yourself, bitcoin can never be centralized, it was made a decentralized currency, and that’s what it will always remain. The only thing governments will create their own coins issued out through banks to the citizens which will be centralized and controlled by that government. But all that won’t really make any sense. |
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You have the freedom because you can spend what you want and what you want to buy with it. If you buy a car with your bank account sometimes the bank will ask you questions.
So they are the owners for your money while with bitcoin you are the real owner of it.
When there is a huge amount of money transfer, the banks can ask for the source of the incoming money. But there is no penalty, they only ask about the source of the money, it is not a problem that bitcoin is causative. Banks would normally ask on those kind of things regarding on the funds have been transacted specially when it is already on huge amounts. They are not totally the owner of your money but somehow do have the control regarding on the possible transactions you would made. The goodness of bitcoin is that you can anytime hide your money in your own pocket no matter how big it is. It’s a total freedom, cause it makes us independent– we don’t need banks to tell us what to do, we just do whatever it is we want to do by ourselves without any middleman. Another thing I like about Bitcoin is that it gives us the ability to send money quickly to far distance or to another country without much fees. Think about it, if you were using bank/Western Union to send money to another country, it will definitely cost you a lot of money, but Bitcoin is simple and you just have to pay a small fees of just $1+ to do so. |
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For now bitcoin drops little bit high,but not lower than what he had when he starts regaining and i do believe in a couple of weeks bitcoin price will come up again.he drops more than 1k usd for just couple of days and it brings panic to those user that has no big faith on btc.and to those user that needs easy money.so lets just pray for another btc recovery
agree, after falling to about $5K a few days ago makes the weak hand do panic selling as usual. while people who are optimistic about bitcoin see it as an opportunity to buy more. I'm sure btc will not pass this november without new ath. Because when the price slides, the volume are keep rising. It means that more people are buying it, while its cheap. $5k is not my buy-in price rate, I prefer to buy on rates that are lower than $5k. Wish it will just drop more so I can buy as much more. I am also thinking about buying Bitcoin Cash (BCH), seems to be another good option to buy, apart from Ethereum. I heard the price rate of BCH has been rising seriously recently, but I haven’t had chance to check it out to know whether it’s true or not. |
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The Classification of Bitcoin attacks are long though. Well, Bitcoin Developers will not stop to at least put a patch to Bitcoin's flaw. One of the famous attack which can be found anywhere , mainstream media, here on the BCT forum and other forums as well is the PR attacks which always give BTC a bad name. PR attacks can be the most easiest, cost-less form of attack, Big Companies and well-known personalities usually executes it and they can easily manipulate the price.
Lol, I was thinking the same thing– classification of attacks was really long. But, mehn… all these attacks at a time? In the next ten years? What the…the number one under the category of attacks to slow down Bitcoin adoption– ban of bitcoin by small countries– that one is already happening right now, there are few small countries that banned bitcoin, and some are still about to. But that one won’t much effect on bitcoin. |
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Yes i believe it will control the world and it will be very powerful also it can go even a lot higher than it is right now i even think it can go so high it has never reached before so i think it will go to 10k at the end of this year easily.
Stop saying that it will control the world, while it can’t. Bitcoin can only control things in terms of investment. It will be the future of investment, though other forms if Investment like gold and silver, and real estate will remain, but Bitcoin will always be the number one of them all, due to the profits it yields which is far more greater than what other forms of investment can bring. |
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yes that's the problem for a newbie wants to get a good btc and easy to get, there you must know the basic basics first. with with little capital, which you invest in bitcoin by trading in altcoin you will surely be able to get a lot of results every day. as you understand it. if you already understand you can start with big capital, also more profits.
And do you believe it’s everybody that is perfect in trading? There are people who are really dumb as f*** when it comes to trading, and I’m one of them. This guy might buy $200 worth of Bitcoin and decide to use it in altcoins so that he could make more profits and increase his money, but if he’s not experienced in trading (and when I mean experienced, I mean being a professional) he can end up losing the whole money he invested. So I will advise him to just stay calm and wait for price to plummet, and when it does, he can buy any amount he wishes to buy and then wait for an increase in price. |
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No, I've never heard anything about bitcoin being used on supermarkets at the nearby place here, bitcoin is not yet popular in my country but already recognized by our central bank. But I wanted to experience the moment where we can use bitcoins as a payment for buying or selling offline goods/stuff  though it might be impossible these days due to some reasons Supermarket? Does he mean like the big names– Amazon, eBay and Gamiss? If that’s the type of supermarket, online stores actually, that you are talking about then yes there are some that does accept bitcoin as a mode of payment, but not all of them. But if what you are talking about is offline supermarket, then I don’t think they will do such. Bitcoin is just for online and not for offline business. Offline supermarkets will only accept cash or debit card (with the help of POS) they don’t even accept PayPal much. |
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So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
In order to become national currency, cryptocurrency should be regulated and issued by government, therefore, it wouldn't be cryptocurrency anymore as it would become fiat One thing I believe makes everyone like Bitcoin is the fact that it is decentralized, and for it to be a national currency, it will stop being decentralized. I don’t know if you guys really know what a national currency means– national currency is a currency that is being used by a country, which means that it is Centralized, unlike Bitcoin which is decentralized. So if Bitcoin is going to be regulated and become a national currency, it will be used by a particular country and not everyone in the world. So bitcoin will never be a national currency, that’s stupidity. |
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I think miners are one of the reasons why BITCOIN exists. When you are a miner, that means your supercomputer is participating in the blockchain and do the transactions of every person transacting with bitcoin.  Yes that’s true, originally, miners are the ones that provides us with bitcoins by participating in the mining of blocks and confirming transactions on the Blockchain. Without miners confirming your transactions, the person receiving it won’t actually get and it will be lost. That’s the reason I don’t use regular fees when transacting. I prefer to use the priority. |
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The value was going down really hard yesterday but it started recovering today i mean yesterday it was around 5k and now it is already back to 6.5k.
I think that the value will even go higher because the value will keep rising and more people will join the bitcoin.
It may continue to rise but it may be dump again in the future because there are many investors who exchange btc to bitcoincash. Bitcoin recovery is a common thing that happens all the time. One thing about Bitcoin is that it falls, and when it falls and makes a recovery, it recovers to the extent that will surpass its last rate by far. That’s why I always trust Bitcoin and never panics whenever price is falling (but I don’t put 100% trust on it) I’m always sure that it will rise above that last rate it was sold before the fall, the only thing it takes is time. |
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Many of them who are scamming its for them easy to make money with it thats why they are doing it. My friends all got scammed with using bitcoins scammers have now a paradise.
Because they can steal their money and the coins are now for them you can't get them back.
i think that people scam because they need money and it is a easy way to earn money because there are a lot of people who get scammed all the time. So it is a form of income but it is really annoying for the people who get scammed. One day I went to a small local restaurant, and some guys who were sitting next to me at the left table started a conversation on reasons why people scam, some scam related stories, with some of them telling others how they got scammed and it goes on. I just kept quiet through out the time of their conversation and never said a word. They were actually saying that people getting involved in scam should be blamed on the government, but I don’t really believe that. Some get into scam because they are lazy a$$hølés. |
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Spending bitcoins is very easy for me because i exactly know what i want to do with them i want to go on a world tour and i have that advice also from someone who is on this forum someone ever posted what if you could go on a world tout and i knew i wanted that.
It’s hard to spend bitcoin, because you can’t find a site or place where it is being accepted. But if you have the Bitcoin debit card that is being issued out by companies like Xapo, Coinbase, Bitpay and the rest of them (which functions as banks for Bitcoin) then every impossible things becomes possible. I have been able to do a lot of things with Xapo debit card, the only problem is the fees. I can use it on Playstore and iTunes, I can also use it in online stores where credit cards/debit card are required. But spending it won’t make the lots of people adopt it, Bitcoin will grow whenever it meant to grow, you can’t do anything about that one. |
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Please do not download any soft from the links provided.
If you have already downloaded then do not install. Who knows, it may contain malware, spyware etc.
Op created this account just to post those links. So why should you trust someone with those links?
YOU HAVE BEEN WARNED!
Exactly. I was surprised at how inviting people were on the first few responses of this thread. You guys need to be much more careful about what you download online. There can be RATs that will easily get into your computers and take any information they want. Especially as bitcoin is going up, be extremely careful with this. Run it in a Remote Desktop or VM if you really want to test it out. thank you for the information and advice. it's better to prevent than to happen that is not in want. All these people that has been saying thanks, I will try it out later, I will check it out later, I will use it later blablablablabla… didn’t anyone of them try it out? Maybe this is a spyware or kind of malware, and all these people commenting trash are just his partners so they can get people to install a stupid software they don’t know about. Nobody should click on that link, we better wait Lightning Network, though it tarries, it must surely come. And to the op– Thank you, nice try! |
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Fiat issues are too complex to maintain, the best solution is to replace with cryptocurrency, and I'm sure that cryptocurrency is the future so we deserve to invest from now.
It's true like what happened in Zimbabwe, their money almost loss its value because of the deflation and good thing they use bitcoin as an alternative to their currency. And this how our future will looks like and nobody can't forsee when it's coming but as crypto currency is with us so we shouldn't worry too much. And thinking that we're very fortunate for knowing this at this stage as crypto currency is just starting to grow and we can make this to its full extent. There is one thing you should know– cryptocurrencies can never be a currency, they are meant for investment and are also decentralized, so that everyone, no matter where you live, can benefit from it. I even heard about a catastrophe that might befall Bitcoin in the future, rewarding a particular country millions of bitcoins, while others lose. Even if the government will create a crytpo currency, they will make it centralized for their countries, and it will also serve as an investment for the citizens. Talking about the world going digital, Fiat is already digital and also physical….it serves as both, so we don’t need crytptocurrencies to go digital. Oh yes, Bitcoin is the future for those that are just like the OP and you; a future that will never come. Who told you that Bitcoin is ripping banks off? I guess you don’t have a bank account, cause if you do, you won’t be saying this. All the money you invest on Bitcoin, where do you think they are being stored or do you think these exchangers stuffs it in their a$$? Lolz, it’s being stored in banks. So banks are like the underground players, and they won’t do anything to stop Bitcoin as long as they seem to benefit from it. |
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All of us can't be reach. Becuase when you are reach means at the sam time that someone is poor, that is how we become reach. We can be all equal, but not reach.
Bruh… that means you’re never serious yet. Let me tell you something– being rich doesn’t make you the worst or whatever you think it will make you. That you’re rich doesn’t mean you should become lazy and stop working, it’s only a fool that stops working when they feel like they have gotten rich. No amount of money is enough, because you don’t know what kind of problem you might encounter. Keep making money, but don’t do it in the evil ways, make sure you earn genuine money. Have a nice day! And more bucks to your pocket! And don’t forget to help the poor, cause blessed is the hand that give th…if you think you have a lot. |
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For now I’m not spending bitcoin because I’m holding it. I’m waiting for it to grow like any others people here. But just in case I need money on school or anything I’ll get only how much I need. And I also convert it into fiat to give it to my parents for the everyday needs in the house.
Same as me, I’m not used to spending, Bitcoin is just like savings for me; I save and withdraw at the right time when I have made profits. But I’m a man with family, so when I withdraw my money from Bitcoin, there are certain things (responsibilities) that I have to take care of, and that’s exactly what I do. I don’t have time for stuffs like gambling and the rest of them, but I do trading, and when I spend, I spend wisely. |
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It might not be a bad idea especially if you really need the money however I wouldn't sell off any of my coins unless I really need the money but if I still have some cash with me then the coins will just stay there because I'm also aiming for long term.
You know, sometimes I think– does anyone of you ever think that the right thing to do is save for an increase, and withdraw before a fall, and then invest it back during the fall? I have been doing this quite for sometime now and it’s really paying off, in fact I have to admit that it is one of the best strategies I have ever used that always benefits me in bitcoin. Also to answer main subject, I don’t see anything wrong with withdrawing just 5% of what you have saved. |
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