For exemple, I go to a coffee shop, I buy a coffee, then I pay with Bitcoin, we have to wait for a confirmation, no? or the merchant will just trust me if I show my wallet?
How can we be sure that it's not a double spent transaction or something else?
Yes it can be but not for now. Maybe some more years, when bitcoin is acknowledged all over the country. When all the merchants are accepting btc as payment. Of course there will be no long waiting for confirmed transaction, no need to show your phone just to make him believe that you already sent. No double spending. Oh I wish it will be happening sooner. But for now cash is the most convenient to use as ever. |
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Ultimately, the economic majority along with miners will decide where bitcoin should head. If UASF fails perhaps bitcoin would continue to be as it is now but we're likely seeing a SegWit activation either way. Hopefully no major chain split will occur because an "added value" scenario like ETC with ETH could me more damaging in bitcoin's case.
Activation of SegWit will improve or worsen the situation? Of course, it will improve the block chain. That's why segwit2x is here. Let's wait for the activation and put our hopes in positive way. And one thing is sure after August 1, bitcoin will be still on us. |
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For long term storage, please use offline paper wallet or hardware wallets. Paper wallet must be carefully generated though.
For daily/ frequent use, you can consider one of the mobile wallet- after all you do not bring your computer with you everywhere. Try breadwallet.
I think it's already cleared, based on the purpose and amount of bitcoin obviously. Small amount of bitcoin and daily transaction - choose online (mobile) wallet. Huge amount of bitcoin for long term savings - choose offline wallet. There are a lot of wallets out there, you can research by yourself or read https://99bitcoins.com/best-bitcoin-wallet-2015-bitcoin-wallets-comparison-review/Yeah simple as that. Always based on purpose like just why did you need a wallet. This answer is the most accurate so far. |
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Could not stay online on facebook. People has many Questions & they think my messages box is a solution center. I want freedom from this circumstance.  Your experience is like from my brother. Everyone in facebook is asking him about bitcoin. Sometimes you really wanted to help them but they are always bugging you and sometimes it can be annoying. Well as for me, as of the moment no one ever asked me about bitcoin. Or maybe they wonder where I got my money for buying my stuff. But if someone will asked me and he want to learn I'll don't hesitate about it. Just teach some basic and that's it. Not to the point you spoon fed them. |
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Maybe that can be happen when there's World War III.
When the security of many are in danger because of the terrorism. Internet can be use by terrorists to hack some system and other internet related stuff. Like just happening in some countries in Middle East.
But this shutdown thing is far from reality as of now. So much better in what you think.
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daydreaming as normal thinking about the crypto industry
Lol, nice to see such passion for crypto--but you might want to be careful where you're doing such daydreaming. Merchant acceptance is one thing crypto needs. Mainstream acceptance. Lower fees, shorter confirmation times. All of this is for bitcoin, of course. Other cryptos need the acceptance part of it. More integrity among the users, as this crazy crypto world is full of shitbag scammers and other knaves. That's about all I can think of. Glad to see this passion--this is why crypto isn't going to die anytime soon. The younger generation will carry the whole thing forward. Thank you, im obsessed! Okay, do you think that this is something that SegWit2x will help with, things like the lower fee's and shorter confirmation times, if the block sizes are made larger? Can we expect to see large short term user increase if this is pulled off correctly? Yes I think so. That's why there's segwit2x to correct all the problems that currently facing of the block chain as well as the users. I think we need some awareness to the public. What is bitcoin and how does it works. In that case, they will be more curious and the adoption of many will not just be a daydream. |
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Well I don't really have that much so I just using online wallet ( coins.ph ) and offline wallet ( electrum ) for my back up.
But when I got some really much I'm planning to back up in usb type. I think its much safer than anything.
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I am full member now. Do i need to message someone according to my ranking up?
Please update your signature, if I got you right, sir. Already did that dev. Please update my status in the spreadsheet. Thanks. |
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Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.
We need both, althought cryptocurrencies can help for make transaction fast, cheap fee, privacy and security but some people old year old or poor country not know it and how to use! Regular currency very important and easy for use. About crypto, I think it will help young children can buy online without credit cards, this is good for them if they want buy any things but not old enough for have credit cards (I was one of them  ) I'll go for real currency. Just my opinion, crypto currencies will be worthless without fiat. And this is how it works. You can't tell that you're rich when all your "money" is in just in your phone. It's still only a number. It will become valuable when you convert it to fiat then you can tell yourself that you're rich. |
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I don't think so cause billionaires i mean they surely have other things to invest in and much profitable than bitcoin so i don't think so no
Well billionaires always want to be more richer. When there's an opportunity for everything and there's a great potential then why not. Billionaires are always risk taker so they don't mind the capital or other things. Money is everything for them. |
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I just want to learn Internet Marketing because I think it was largely help to my online business, also I think I was got a lot of idea on how to sell my products in the market. I just want to try also selling of product using bitcoin but I need an adviser or guide from expert.
If you need an marketting adviser please check the freelance.com. They have tons of great advisers that can help you to your business. Just visit their site, post what your looking for and then you can choose base on their portfolio. Goodluck to your business. |
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I think this shit is ponzi that why OP doesn't dare to give more detail in here cos he doesn't wanna get any negative trust  ) Yeah of course he doesn't want that. Nobody does so stop posting here some shitty scam. As they say when its too good to be true, that's it.  The best choice for now is ETH. Invest all of your BTC in ETH, it'll not make you disappointed Nah I don't think so. Investing all your btc to eth is very wrong move. You'll never know where this is going, there's pump and dump so better to be safe than sorry. If you really want to just invest only the part of it. |
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I don't think that bitcoin will die soon but sometimes there are many times to confirm transaction due to network overload.
Yes, bitcoin won't die. Bitcoin is our future like it will survive for many years. As long as internet is here, many people patronize and the correction in block chain will be done. Slow transaction and high fees will soon be over as the upcoming hard fork in August 1. Let's put our hopes in SegWit2x. |
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Well just like one of the fud nowadays. Spreading false information just to make the community go panic about the situation. Like just what's up with this thing? Are you benefiting here? Moreover, there are golds to invest and lil' bitcoin will be fine. |
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What would you do when you're talking to someone but then he suddenly talks about his hatred on Bitcoin, what would you react to it?
I've never actually experienced anything like this before, I just want to be prepared when it happened to me.
If that so I will feel pity to him/her. That how can he/she doesn't see how amazing the bitcoin world. Maybe I'll think he/she lose somehow when he/she invested in bitcoin, that's why he/she feel that. We just never know the whole story behind that. |
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Every investment and loan it requires a lot of money and very risky. Think guaranteed, you can earn them only by the traditional types of earnings. On the Internet it will be difficult to do.
Not all the time investments do require a "lot" of money in able to start. With that amount 0.1 BTC x $1k, estimating you already had $100. You can start with that already with forex or trading of alt coins. Just make sure that you had enough knowledge for it so that you aren't going to waste that capital easily. Yes this would be easy if you're into trading. You just need a capital to start with. With enough readings you'll gonna succeed in your target. But with just joining campaigns that would be hard to do, however, I saw thay you're a high rank so maybe it wouldn't impossible. |
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Dollar is what is affecting development in most of the third world currencies. I keep on saying that the only way to destroy the strength of dollars on the third world countries' currencies is by using bitcoin as a gold standard for their individual country currency.
Yes also my thoughts but its just like never gonna happen. Bitcoin and dollar is both currency but without dollar, bitcoin will be nothing. Dollar is the the no. 1 currency and its like being use over the world. And yeah bitcoin in third world country is now being known and use, but not all their people is aware of bitcoin as a crypto currency so maybe there's no really impact from bitcoin price. |
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What are the features that a good investor should have? What are the characteristics of people who have enough capital and earn money from money?
What are the factors that make these people successful in their investments?
A good investor is a risk taker. Need to risk his money for an investment. Like he's willing to lose some money in order to make a profit. Open minded for new ideas of his team. His eagerness to gain more knowledge to strive the best. Make money out of your money is a best thing that will happen for investor. |
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Interesting to come to this thread one year later.
You can add both ends of most people's range and still be too low : 700 => 1700 = 700+1700=2400$.
Impressive !
Truly impressive to see this thread about speculations way back from May 2016. From $700 and after a year the price just got 4x higher. Can't believe it though. Hope it would happen again next year. My hopes are too high for this. |
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I would invest my bitcoins in an offline or real world kind of business. The only problem is that bitcoin is still not well known and that when investing it in the real world no one will accept it.
Of course, you can exchange it first into cash and invest or use it in offline business. As for me, I'll open some food business or convenience store, something for everyday needs. Real time investment while having online investment is a sure ball thing. |
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