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You people have heard about ILLUMINATI.They are blamed for confusions in today's world.What their main aim?
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In altcoin trading,is day trading profitable or trading on a long term basis?
Since altcoin market is highly volatile and price of altcoins goes up and down in short intervals,day trading would give more profits than long term trading.In the long run,most coins would be dead.So,its almost advisable to do day trading in altcoin market. |
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I am thinking .. to put all my money in bitcoin what do you think? is it a good way to grow my money? or it is risky or.. ?
Its a risky investment.Invest 50% of your money in bitcoin.Since bitcoin price is raising steadily,your investment would yield you good returns.Bitcoin is volatile.So dont ever try to invest all of your money in it.Always follow the golden rule,'DONT PUT ALL THE EGGS IN THE SAME BASKET' |
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Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?
Its not still an illegal currency.If it becomes legal all over the world, definitely,it wil be taxed and bitcoin usage will become more.It will be accepted in all shops as payment.There would be no need to carry cash in hand.Bitcoin rate would go much higher. |
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As we enter 2017, Bitcoin begins with a fresh start making it worth nearly $1000 per coin. Users, banks, and even governments are becoming more interested into Bitcoin, and its underlying technology called the Blockchain. Now, as we progress into making Bitcoin more scalable and efficient than ever, I would like to know what are your thoughts for the pioneer cryptocurrency in 2017? If all goes well for Bitcoin this year, it might increase its value more than $1000, as well as become closer to being used as a mainstream currency. What do you think?  Bitcoin has already started to prove its potential.Even after the ETF failure, bitcoin has recovered and still its increasing in price.Surely,its price would reach around $2500 by the end of this year.Lots of new companies have started accepting bitcoin as payment. |
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Bitcoin is usually used by people interested in technology. I mean, persons with a certain technical knowledge are interested in bitcoin.
My observations are that way. I think Bitcoin needs to reach larger quantities. Can use bitcoin in people who are not interested in technology?
Can people use the bitcoin in the profession group like tradesmen, teachers, housewives, firemen, butchers? Are we going to see the days that these people use bitcoin?
Bitcoin being a technically related invention,people related to technology first realized its potential and started using it.Its not surprising.But later,people from different sects came to know about bitcoins and started using it.But, still a wide range of people belonging to different parts of society have not known about bitcoins and very soon, they also would know about bitcoin and start using it. |
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I have think of it and i have save up bitcoin just a the small amount because i have plans for it to have fun like travelling didn't even save it for future purpose. so i wanted to know what are you going to do with your bitcoin if you save bitcoin. Why do you save bitcoin for? and why? what is the purpose why you save up bitcoin to your wallet and not to spend it.
Bitcoin being predicted as the future of the economy,im saving bitcoins only for secured future of my family and not for fun.Gold being saved for over centuries for security of future,it still fails to compete with bitcoin in price increase.Bitcoin, the Digital Gold. |
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being one in a million is one of those interesting topics in bitcoin if you ask me. we all know that there will only be 21 million maximum bitcoins available (ignoring the number of coins lost). so if you have 21 bitcoins you can be one in a million. now we all know there are 7.5 billion people in the whole world and there is a very limited supply of bitcoin available. The following is the cost of being 1 in a million throughout the past years. * bubbles are ignored and price is average | Year | | | 21BTC cost | | 2008-2010 | | | Practically free! | | 2010 | | | $3.7 | | 2011 | | | $84 | | 2012 | | | $188 | | 2013 | | | $2,200 | | 2014 | | | $9,030 | | 2015 | | | $5,670 | | 2016 | | | $12,117 | | 2017 | | | $21,210 Today's price |
when you look at things like that, they seem pretty ridiculous that once you could be 1 in a million with only 3 bucks but today you have to pay 21 grand to be 1 in a millionThat makes the difference between early birds and late comers.Hope we are not too late since most of the world population are not still familiar with bitcoins.I too have a dream of joining the 21 Btc group,but now i dont even own a single bitcoin. |
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Suppose a person have some bitcoins in his online wallet and he forget the password (or lose access to that online wallet in any way) then what will happen to that bitcoins?Will that be there forever or as the wallet providers have access to them and they will get them if they find no any owner for years.
For wallets like electrum, a seed is generated at the time of registration and you could use it to recover your wallet.For other online wallet, i hope they would ask your email id and send your details to it on request. |
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I mean its only 21million btcand there are 6billion people in the world , how can it be enough
Yes, it would not be enough for the whole world.Only for that reason,more people are holding it as saving since there would be a great demand for bitcoin in future,but there would be no more new bitcoin.Its better when compared to US Dollars which is printed infinitely. |
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there are a lot of us demand shop that accepting bitcoin as payment, but from this forum i found out that there are some people unwilling to spend their bitcoin, so I want to asked If you found a shop that accepted bitcoin and fiat as payment, which one will you used?
if you are using bitcoin then maybe today 1 apple is 0.0008 btc , but tomorrow with 0.0008 btc you can buy 2 apples, but if no one used bitcoin for shopping then there won't be any shop that will adopting bitcoin anymore
so what will be you choice?
Good question.Well, i would go with my fiat for the reason you have mentioned in your post.Bitcoin would grow day by day but fiat would remain almost same.Bitcoin is digital gold and nobody would be ready to spend it for buying some stuffs in shop. |
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Decentralization, in my opinion, can be the cause of bringing a country on its knees. As far as i know, BTC is an international internet/digital money which is decentralized and there is no one that regulates/control it. Since anyone with BTC can have transactions anywhere in the world without the consent of a government, this may deflate or decrease a country's currency value. Doesn't this contributes to the possibility of having more debt in an international bank or whatever, thus making a country's economy down.
Only for that reason,china fears bitcoin and has given regulations to the bitcoin exchanges in its country.China does not want its country's assets to go outside via bitcoin.If china has not implied these regulations,in future,bitcoin would have brought china on its knees.when bitcoin can do it to such a big country,its clear smaller countries cant even stand against bitcoin. |
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The bigger idea of Bitcoin is that it will challenge the corruption of central banks and destroy the system that keep the masses poor while passing free printed money to themselves and their banks. Problem is I don't see Bitcoin ever being mass adopted. What I do see is the very rich and often corrupt (Chinese officials for example) using it to shelter their money. Bitcoin will sadly end up being the elites version of prepping, the average man in the street won't be holding Bitcoin but their own dicks come the economic collapse that is coming.
In short Bitcoin will help many of the super rich become richer...that's all.
I truly agree with you.Bitcoin was created mainly as a decentralized currency.Bitcoin price is going high in rocket speed and still its only known to few sections of society.When all of the world comes to know about bitcoin, i guess bitcoin price would have reached millions.The rich would get more rich and poor would remain poor just starring at the rich.Its the unwritten rule of this world. |
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Yes,Bitcoin is a good investment now when compared to stock market which mainly depends upon the global economic factors.But bitcoin price doesnot even bother about any factors.Not even chinese gamblers could control bitcoin now.Its the Digital gold.
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Good job.You have contributed a little to bitcoin community.Every one should try their best to contribute for bitcoin progress.Update your blog with new developments regularly in frequent intervals. |
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At first, my friend explained me about bitcoins.He asked me to see some bitcoin related videos in youtube.Then i got lots of information from this forum.It was a totally new concept to me.I got very much benefit when i first sent my salary at a very low transaction fees.Now,i have even left my job and have become a full time trader.
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