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You actually don't need a screen because, for example the Ledger Nano (without screen)
delivers a security card, where you have to pick special Letter/Numbers from Transactionaddress.. and enter the "encrypted" letter/number.
Which makes it even impossible to send BTC's to a address different from the one which is seen on the screen.
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i use bitcoin daily but the problem is transaction pending confirmation hope bitcoin make it faster for confirmation each transaction  When it is used in real life shops like starbucks ( if times comes that they are going to accept bitcoin ) We don't have to wait for the confirmation. They too will be having a problem if they let everyone just stand in front of them waiting for the transaction to be confirmed. An automated one like those when you buy digital goods, is a good idea to use. Actually, you don't need to wait for a confirmation if the TX fee is high enough.. With a simple check you could give out the coffee without waiting for the confirmation.. On the other side if fee is too low.. then ppl have to wait for Confirmation.. |
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In the future there may be a crypto currency (based on blockchain technology) made by Banks and governments.. which may replace Fiat Money...
But as long as no (usable and cheap) attacks against BTC are possible.. i don't think some Cryptocurrency will replace BTC in its todays stage.
To let another Cryptocurrency replace BTC, there must be something which every BTC user wants.. so they leave BTC for some other Currency..
Kinda unrealistic regarding the todays BTC price.
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You defeintely should split it into about 10BTC wallets.
Then i'd store them in a Mix made off Hardware Wallets, Paper wallets and 1 Hot Wallet + 1 Cold wallet to send/recieve from Hot Wallet.
Best would be to encrypt any Papyer-/Hardwarewallets with a password only you know..
Maybe use a sentence or anything you can keep in your head for a lot of years.. Then just hash it.. and thats your password..
In case of any EMP/House Fire you should be able to recover those addresses if you keep your seed safe.
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BTC would definetly die when Electric Energy wouln't be available at any Time/any given Place.
In Addition to that i wonder what would happen when Electric Energy would 3x-5x their price.
I'm not sure wheter BTC would adopt or BTC would just die out because its not worth the mining anymore.
To be honestly i don't think a government could "forbid" someone to use BTC's.
This can't be declared illegal. The only thing that could happen would be that BTC wont be accepted Online..
But "killing" BTC with regulations and laws is not possible, i think.
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I think the only way to get access to those BTC would be a Last will.. or you just tell your wife/Family where you stored your BTC... Since this isnt the best idea i would do as followed:
Take your priv key/seed/.. encrypt them with (kinda) Bad cryptographic Algorithm.. and give it to them..
They won't be able to decrypt it without Key, neither they can Break the crypt Function..
But after you dies several years later.. it should be able to crack the "older" crypto functions and get access to the BTC's
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After online-payment sphere has been dominated by BTC,it will possibly reach every days stuff.. for example pay your coffee with btc at Starbucks
Or get your breakfast for some coins..
After that it will (hopefully) get accepted as payment for jobs.
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Bitcoin needs altcoins because it is another factor why people are into bitcoin because they see great opportunity like altcoin to make profit. And also bitcoin need altcoins because it is one of the ways how bitcoin is being diverse and how it lessen the supply of bitcoin because most of the bitcoin are on altcoin market and it reflects for bitcoin market price to be high because of fewer supply.
Altcoins trading is more gambling than real trading.. You cant really Predict the trend of an altcoin. I don't think those altcoin Markets "lower the supply of btc" that much, that it created a higher price |
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I kinda like the idea.
I'd love to buy a coffee for some bits.. and maybe a breakfast.
But i don't thinks this would attract enough people..
But as an additional Payment in Shops, this would be great.
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Its not really anonymous mixing if you have your name associated to the deposit of your BTC.
You may get other BTC's than you deposited.. but there is still the association of your Name (or at least of your account)
and your coins.
A Mixer gives you the opportunity to get "clean" coins to your address without any association to your old ones (or to your name).
But if you got your coins without any illegal activities.. i guess you can use those exchanges as a kind of Mixer..
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Who create God? Why there is always a confusion, misunderstanding and debates on the topic of God? Why do people want God? Isn't we are the one to make everything possible? We don't have to give our faith and hope to God. Isn't it ? Why God exists in all people mind?  God has been "created" to give people a reason for everything.. every non-explainable thing (e.g. why does it rain, where does the sun come from, ..) And the Church made use of it to make money (e.g. Pay us money and you will be forgiven and you dont have to die 10000 times in Hell) For me, personal, God is just like a imaginary Friend.. I dont believe in God.. I believe in Mathematics.. and facts. |
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If bitcoin without altcoin happened, all people will focus at bitcoin and it also affect the price of bitcoin for sure, because many people not using other altcoin beside the bitcoin itself.
Right I agree with you because not all people use bitcoin and so then cryptocurrency user would mainly focus on bitcoin and then for damn sure bitcoin's price would increase by manifold till date and as well there would be a dull market of cryptocurrency and trading site would be dull without altcoins. To be honestly, i dont think there are People who use Altcoins without using Bitcoins.. but there are for sure People who own Bitcoins, but dont have any Altcoins in their Wallets. But right.. if Altcoins would disappear i guess the Price of BTC would rise dramatically. |
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Bitcoin did create a new revolution in the way we transfer value between peers.
Will it be the future of money? I don't know but surely it brought a lot of attention to itself as well as the drawbacks to the current system.
In my opinion bitcoin has everything what people need in the future The flexibility to pay something online/offline Digital money with the lowest fee and once only not like in the banks that fees everywhere. Bitcoin will definetly be used as Money in the future.. But someday there will be probably some kind of new Blockchain payment system made By Banks and governments.. and this will be "the future money".. But still Bitcoin will stay as first and best Cryptocurrency |
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I believe that mining bitcoins produces no harm in the environment because there is no chemicals mix , no land drills ! no forest cuts and etc , bitcoin mining just need a machine and electricity and it can survive for itself ! Bitcoin mining consumes a lot electrcity same as hotels and other high class facilities but that doesnt mean it ruining the environment ! it was just an electricity its is not a factory or chemicals !
A Bitcoin mining farm probably consumes way more than a hotel..  but mining doesn't really "help" the global warming. We're doing many other different things that are really harming the world and warming the weather up, and we're concerned about a currency that's using just electricity? I don't think it is disastrous - then nobody would have electricity at their homes. Imagine all the electricity around the world being used summed up, THAT might be a problem. Not a few computers running. It's true that Bitcoin doesn't directly create pollution like toxic chemicals, but the energy needed for mining means that coal and oil are getting used up during the process. It would be great if mining used clean energy sources. This, in addition to all the other advantages it provides, would create the possibility of Bitcoin becoming the payment system of a green economy. This actually.. will never happen.. Because miners wan't to make money.. they dont want to save the planet... And since "green electricity" is way more expensive than just coal or atom (especially in e.g. China, without any regulations).. this is a nice idea.. but unfortunately will never happen |
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Sounds like the question asked how to earn or make more bitcoin rather than the source. clearly, there is only one source for cryptocurrency is mining. Trading, and any other method requires you to have existing coins to make more revenue.
Trading isn't a guarantee. I think running an exchange or brokerage for trading is the better way.
Trading is fine, when you are using the trusted escrow in your all the trades. Hopefully when you start trading you could have in your mind. If you want to earn daily. Lol. you could do faucets or daily works in your country. In the forum, most of the people prefer signature campaigns. Yeah that's pretty true but actually trading is not that profitable lately friend. I think the best source of bitcoins from this forum is : Signature campaigns and lending business ( people pay high interest ) While from sites : I think gambling is the only way  I think trading with Bitcoins is very profitable nowadays.. Those Variations in Price an lead to high profits.. at least if you know how to trade and if your feelings dont overcome your mind |
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No, it doesn't make any difference with fiat money. No interesting things if the price is stable, I wouldn't be trading bitcoin and buy bitcoin again. If stable prices is certainly not going to save a lot of bitcoin, because it can be affected by inflation and I'll choose save money in the bank than bitcoin.
Yes if it is in stable position many people will not use bitcoin because both are in equal stage fiat = bitcoin. Than what is the use of buying bitcoin and after converting them into fiat is useless just additional charges. Many people are attracting to bitcoin because of it's price variations, so in this way they will make profits through bitcoin. Yeah I think most of the people who are using it just for investment or trading it will we the great loss for them and bitcoin will lose its user by this method so I think this will give the worst impact on user base of bitcoin adoption and hence may influence bitcoin prices too. I don't care if the price will be stable in the next few years. I dont own BTC just because of trading and earning money. I like the idea behind bitcoin, the math and the system.. And the ability to send money all around the world in a few minutes.. |
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It’s a game of trust. The currency note in your pocket has some definite value of $1 or 100 INR etc because the concerned government has agreed to pay you that respective amount so you trust that the instrument possesses the some value and thus everyone other. Bitcoin is not different, people around the world have faith in bitcoin and thus they believe that bitcoin has a certain value of $1,000 and this mutual trust is known as value.
The value of bitcoin probably depends on trust, because if the community stops trusting bitcoin, it would become like other currencies who does not have trust among people. The only thing that makes bitcoin the best and different from others is the trust coming from the people around the world, the belief of people that bitcoin will always be of great value. The best thing is.. you don't have to trust anyone or anything.. you just have to trust Math.. And since math can be proven its a bullet proof concept. Its a currency backed up with Math and Calculation Power. |
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If i were you, i would split the BTC, i will save 10 btc while use the other 2 for trading. But trading is risky especially if you do not have enough knowledge and experince. But if you are too lazy to learn about trading then i guess just hold the Bitcoin until the price rise again .
If you want to do some trading better to do with all of your coin, there is so pointless if you are just using 2 btc of your total coin, that is not even half of your balance to do trading. If you can manage to use high amount to trade I believe that you will earn a quick cash. Because bitcoin price is really volatile so you can take advantage in this kind of trading Well i asume he does not have any knowledge in trading, so i suggest using that 2 bitcoin for trading while learning. Because trading with zero knowledge is too risky. If he's confident enough, then he can use the other one or keep using the 2 btc. 2 btc is really good amount to start trading with especially if you are trading altcoins, buy cheap coins with a descent volume and if price boosts then it will give you some best returns but if you are on learning curve then its better to start with 0.1 or 0.2 btc and gain some practical experience of trading. To be honestly, i wouln't start trading with altcoins.. Rather trade BTC for Fiat.. Its way less risky.. While trading with altcoins you could lose all of your money.. Would be even better to bet all on Red or Black.. |
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How many BTC will make you a fiat millionaire ($) in 5 years? Why?
As I doubt bitcoin price will go totally insane in the near future I would say you will need more than 1.500 - 2.000 BTC to reach million dollars threshold. There is probably no way that we will see price increase after the halving so it is hard to predict bitcoin price after that. Even at todays BTC price you only need 1000 BTC to be a millionaire (1000 x 1000 = 1.000.000) I doubt BTC will drop to 500$, in which case you would need 2000 BTC |
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For me, in order to earn that 1to 2 bitcoin in a month I should work hard for it and invest in altcoins trading with a large amount of bitcoin investments. Maybe I should convert my personal bank savings into bitcoin cash in and then invest it to altcoins trading, I should seek guidance from my expert friend in the decisions that I will be having because its a serious matters and really involved big amount of money, which could fear to lose profit if not managed well.
Altcoin trading is more of gambling than real "work" and "earning". Traiding Bitcoin (just like stocks) is more of a work and does require skill. |
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