100 years is a long time. This is technology. I think it will be replaced by a new technology, more modern. But I hope Bitcoin never end.
Just like what you have said. It will be replaced because in the future, or after at least 10 to 20 years, the technologies will evolved and the technology of bitcoin will get old and it will be replaced by another type of better technology with better specifications and also an overall system that the people can rely on even though it will get crowded. |
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Absolutely bad idea, please reconsider this. You never want to put more money in that you can't afford to lose and assets like a house are very valuable in this day and age. Real estate is a good investment.
Real estate is indeed a pretty good investment because with real estate, even though your house is getting older, its value is keep on going up slowly but surely over the time and you can sell them after 10 years for a very high price which is a very profitable investment and also a type of business because with real estate you can have a consistent earnings from that. |
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Tax on bitcoin is really possible and if the government will be forced to accept the cryptocurrencies just like bitcoin because the popularity and the percentage of people that adopted bitcoin then they will be taxing the cryptocurrency also and i think that it will be the same percentage or required amount to pay from your overall income or personal income from cryptocurrencies.
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We can share our knowledge to the other people about bitcoin by using the internet. We can use the internet to do some blogs or posting on the social media platforms which is the main stream for the public because most of the people are spending their time in the social media platforms so it is a good decision to just use the internet to post in social media platforms.
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If the government wins over bitcoin then they will become the organization that will take over the control of the market of bitcoin because they can just make a law or regulation that will give them the favor or the control of the whole thing and there is nothing that we can do but to follow to the orders of the government which is a complete against to decentralization.
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if you have the benefits from bitcoin? you can promote bitcoin in many ways.
-By explaining bitcoin to others, spread the word about bitcoin and take note you must learn more about bitcoin to do this.
-If you have skills in blogging, design, video and photo editing, web design, etc. Create something different out of your skills to promote bitcoin.
-If you have business establishment try to experiment to accept bitcoin currency.
if you have any idea how to promote bitcoins just share here.
We all know that there are many ways to promote bitcoin.We have a social media like facebook,instagram,twitter and etc.Also we can tell to our friends what is the good thing in bitcoin that they have to try.We have to show to them the benefits of bitcoin to our lives so that they will be encourage to join or to enter the bitcoin world for their investment. Social media is an indeed great way to promote the bitcoin and other cryptocurrencies. We can use different social media platform which will help us to make more money in the long run. We need to promote bitcoin in order to boost the exposure of bitcoin to the crowd so the time will come and bitcoin will be well known as a great cryptocurrency and it will have a boost on the market's demand. |
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I think that there is no big deal if the founder of apple sold all of his bitcoin because that is natural for a person to sold his bitcoin because they might not want to get into bitcoin anymore and they just want to do what they want with their profit so it is their problem to sell their bitcoin or not. We should keep holding because i believe that bitcoin is the next big thing and it doesn't matter if the other big person sell their bitcoins or not.
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Many countries are not supported bitcoin for many reasons, but mostly because of decentralization, anonymous and so on. we all know that bitcoin prices depend on the market so if it is legalized it will keep the country busy to control the price so as not to disturb the economy.
I think that the anonymity is the main reason why bitcoin is not supported in some countries because they can't trust it because the criminals can just use it to do illegal transaction and still stay under the radar and stay undetected so that is what the government doesn't like so they are still into preventing that thing to happen so they are banning bitcoin. |
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It's not recovering yet. We must be patient, it will be like this in the next two months probably. Up's and down's, prepare your nerves or make money on daily trading.
I think this year will be a bear market for the bitcoin and other cryptocurrency just like the past years from bitcoin that the market goes bullish and reach new all time high and just dump for the next few years and i think that, it will happen again and we should be just patient to wait for another year of bull market and sell some to secure our profits. |
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In my opinion is it is just a better way to have many ways to earn money rather depending on just a single means provided that it won't conflict on each other. It's very risky to quit your job and start something new and unknown without any guarantees of success. Do not quit your job especially if you are stable. Just only make bitcoin as your partime job. Then hold and save, work and work and if you save enough and you know it is enough for your future and for your family then it is time to quit in your job and be a full time Bitcoiner.
I also agree to this that we should just have a lot of stream of source of income rather than depending on a single one. If you will depend on a single one then it will become a very risky life for you because what if your main and only source of income will not work as you used before then you will get screwed up which is not a good thing to experience. |
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Bitcoin is difficult to explain. I also felt difficulties in understanding bitcoin for the firs time. Let's share how to explain bitcoin to children of teenagers. In My country I can say 98% children don't know bitcoin. In fact, bitcoin can be future money. If the children not familiar with cryptocurrency or bitcoin, how can they face the digital era in the future.
I would start by showing them my bank's online account. They need to see the incoming amount and the expenses recorded online. They need to understand that money does not grow on trees or magically appear so they can buy the latest gadgets. Teenagers are very internet savvy these days - you would be surprised when you realize how fast they can get the concepts. Tell them a brief history of bitcoins. The benefits.. the ease of use and the potential since it is a deregulated currency. Be straight up, don't tell them a lot of stuffs. The teenagers are more interested in making money rather than knowing other stuffs that is not really necessary to know. It is better if you will just tell them the way to make a lot of money in bitcoin and through their journey it will be just automatic for them to know the other stuff like the essence of bitcoin and so on. |
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Of course
there will be times where a person's needs will be overwhelming, so obsolete technology will be replaced with new technology
like Nokia being replaced with Android
and Bitcoin will be replaced by other cryptocurrency,
As the time and years goes by, bitcoin's technology will get old and probably the people will find another cryptocurrency that will give them the type of technology that they need in order to sustain their needs in terms of technology and they will also find another cryptocurrecy that will give them opportunities just like in bitcoin so over the time, bitcoin will surely get replaced. |
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Since the government cannot control the cryptocurrencies just like bitcoin then it is not a good thing for them to have since it is pure decentralization and they can't get benefit to that for their maximum wants. Some of the government are still trying to control it by having a regulation orders in order to slowly get the control of the whole.
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Both are limit and not inflation. But gold is recognized by everyone and internationally, bitcoin has not done yet
Bitcoin is still on the process of getting notice by the people around the world and i think that the bitcoin will be able to be accepted or adopted by the majority after 10 years from now because the technology of the cryptocurrencies are really giving good ideas to the other people and businesses to create their own service and solve the current issues that we have through blockchain. |
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I think it is the top-of-mind and word of mouth of the people. When they think of cryptocurrency, they first think of Bitcoin. This top-of-mind is a very big factor that helps people be attracted into something.
That is a good point. All of the people right now are always hearing bitcoin more than the other cryptocurrencies and bitcoin is the primary or the king of the cryptocurrencies and since it is the top 1 cryptocurrency so the people prefer it because it is popular other people are also recommending it to the newbies so they just ride the wave. |
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You should be calm and don't panic. Even though you bought bitcoin or any cryptocurrency at the high price then don't panic and be calm because everything will be alright and the best thing is to just keep your attention to the updates so you will be able to see if everything is still okay and if there is some sign that it is time to sell because fundamentals are the best thing to depend on.
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As the price of bitcoin is going down and as the capital is not that average because you need a lot of capital to start a decent mining for bitcoin then i will say that it is not worth it because you cannot be sure that you will be earning good decent profits in the long run because the market is volatile and it is not for the people who want average to low risk type of investment because it is very risky and it is just like gambling.
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It is better and enough to just have a few amount of altcoins rather than having a lot of it because you will not be able to monitor it properly so if i were you, i will just stick to few altcoins so i can easily get updated and observe it properly without having any problem. You should just focus on the altcoins that has a good fundamentals and also good price to entry.
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It seems that the dominance of bitcoin is not on a good mood because it doesn't continue to go up and because of the FUDs that is around, it creates panic selling for the bitcoin again and we can easily see the result of that FUD but i am very positive that sooner than later we will turn into bullish market again and see the light after this dark market.
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The opportunity to sell bitcoin is to sell at the resistance. You need to just understand the basic technical analysis and even the support and resistance thingy in the technical analysis is enough for you to make good profits because that basic thing will become the key for you to have the right time to sell and buy bitcoin without having high risk of losing money.
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