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Bitcoin cannot because how the poor people or in the poverty line will reach bitcoin if they can't even afford a decent food and that is an indication that bitcoin can't really end the world's poverty unless there will be someone that will sponsor the poor to get a computer and a decent internet and also a workshop for them to be able to work in bitcoin.
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This is possible for the banks to use blockchain because the banks will be able to make transaction faster and safer because the blockchain will assure that and i think that aside from the banks, other major places in our world will use blockchain because this is the next big thing and of course the huge name people's will not let this opportunity pass.
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There are really many advantages of bitcoin. The most important advantages are:
1. It helps make money.
2. It helps to make money faster than any other source.
3. The price of bitcoin is reliable for trade. Price act like a roller coaster. Going ups and going down.
4. Bitcoin is reducing the number of unemployment.
5. Bitcoin is helping the economy.
But most of them, the strongest advantage is bitcoin helps us to make our own economy.
Those reasons are true because with bitcoin we can easily make another source of income and one of the best of ways is trading because since the market is fast in changing price then it will be easier for us to make money since we can just buy low sell high and we can learn how to do that by understanding technical analysis. |
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Bitcoin is not stable in my opinion because the price of bitcoin is very volatile as the price of bitcoin changes a lot from just a few weeks and that is the proof why bitcoin is not stable but it is profitable because with bitcoin you can easily make money by just jumping and joining the price ups and downs which is a really good opportunity for swing trades.
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Bitcoin is not a ponzi scheme because bitcoin is a cryptocurrencies and just like the other kind of market, bitcoin is relying on the law of demand and supply which the price of bitcoin is depending and i think that it is too far to compare to ponzi scheme because ponzi scheme is simply pyramiding which bitcoin doesn't any have of trace like that.
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2000 people for survey matter isn't something huge subject to measure and it just for American only, while in Asian women also involved on Bitcoin and Altcoin community like you are already seen on ICO project these days. That you can find woman involved on those project to help develop the project.
I think that in the overall amount of the users of bitcoin and also the other cryptocurrencies, it is still more men than women in ratio for comparing the numbers of both side and i think the reason is the women are not really into opportunities like this because they are more into being a mother to their child and also focusing more into jobs rather than being an opportunist. |
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I am not thinking about BTC for the next 100 years more likely for the next year or two. In 100 years or less, BTC will be probably replaced by some more advanced transaction system
That is true, the 100 years is enough for bitcoin to get replaced by another more advanced cryptocurrency which will be the reason for the cryptocurrency industry to continue growing because if we will have more advanced cryptocurrencies then it means that the progress for solving the issues in the market will be faster and better. |
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We cannot survive without bitcoin because bitcoin is the king and it is the dictator for the whole market if the prices of altcoins will go down or not because the altcoins are depending in bitcoin and once the bitcoin is dead then the altcoins will follow because bitcoin is the most trusted cryptocurrencies and we know that trust is the only way for a cryptocurrency to get some valued because majority of the cryptocurrencies are backed by nothing.
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The reason behind bitcoin is the company is because of there excellence in operations and they always gives a high satisfaction to its investors.
There is no company behind bitcoin because it is a free field where there are volunteered developers that is maintaining and helping the network of bitcoin to have a good steady health and i think that the reason for bitcoin from being the most popular cryptocurrency is the demand and also the price jumps in bitcoin which is very attractive to the investors and traders. |
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I think there are so many benefits when you have bitcoins, the first you can buy or sell it with real money, because bitcoin prices really amazing, every time bitcoin prices continue to increase this can make you get a huge profit, then bitcoin can be used all over the world without we equate the first currency, this makes our transactions faster and more efficient. Besides bitcoin can also increase your income, because we can get bitcoin by campaign or mine. In the campaign method, you will be told to promote bitcoin through your social media
The second reason for you for having an advantage of having bitcoin is not a truth because you cannot use bitcoin in different countries or anywhere because bitcoin is not fully accepted as a fully legal currency and the transactions are not fast and efficient because of the congested network and high fees. |
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Virtual money is a form of money but it is just digital so it means that you need to access it through the internet and in that way you can use or get some of it. Virtual money is one of the new type of technology that we are dealing with and that is the cryptocurrencies that the people are buying and holding because just like them, i believed in this technology.
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So many views of bitcoin by different people. If bitcoin is gamble then all fiat currency are gamble too. Go to all stock exchange, what happens there is what happens in all cryptocurrency exchange. How then only bitcoin is gamble?
I think that they are saying that bitcoin is a type of gambling because of the fast price changes or movements which make the people think that bitcoin is just a form of gamble since you cannot be sure if the price of bitcoin will go up or not. Bitcoin is always moving and because of the risks, it is called as a gamble. |
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Yes I am surprised. Though I didn't like the rate bitcoin went up in 2017, but I came to enjoy the hype it created. But now, it is shocking how it came crashing. It has created serious panic.
It is a great opportunity for the people who want to get some bitcoin so if you are really in such a loss then this is your time to buy a lot of cheap bitcoins and recover your losses once the price of bitcoin goes up again. The price of bitcoin doesn't surprised me at all because i already expected this kind of fluctuations because the price of bitcoin have some abnormality in movement for the last month so this is the consequences. |
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Just buy bitcoin and use your bitcoin to trade altcoins and in that way you can easily make money and the amount that you are expecting to be mined in a day, you can earn that in trading in just a few hours which is very time saving and also money saving because you will not be paying higher electric bill every month by just trading which is why buying and trading bitcoin is better than mining.
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Maybe you'll be homeless few months later if Bitcoin continue decreasing to very lower bottom. Don't invest what you can't afford to loose.
That is the worst possible because it is too risky to sell the house. The price of cryptocurrency is quite difficult to predict. Better to use safe way. Home is an asset, do not risk the asset to get another asset that is uncertain future. I agree to that. Don't risk your house to just get another asset because it is better if you will find a work that will help you to have income that you can use to buy some bitcoin because if you will not do something and you just keep on buying things without thinking about it then you will just lose the chance for having a good assets. |
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which I like from bitcoin is that I can send a lot of money quickly at any time and anywhere that imagine to send money 10.000 usd eg only require transaction time under 20 minutes
That is not true, that is old experience in bitcoin but as of now, it is a long time to wait before your transaction gets confirmed and that is a sign that bitcoin is not the best always because as you can see that the price of bitcoin is dumping and despite the upgrades, bitcoin is still congested because it takes 4 hours for my recent transaction to have a 1 confirmation which is not a good span of time to wait because i paid for the highest fee but still doesn't work. |
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I also think that bitcoin will increase in the future so we should immediately buy bitcoin when the price goes down and hold the asset for a few years to gain an abundance of profits later.
Buy at the dips and hold them for years. That is my simple rule for myself and it is giving me good results and i am currently on a green or profit mode in bitcoin even though the price is crashing. I have this profits because i just keep buying at the dips and putting more and more money as the dips occur so i can balance my loss and investment and it resulted for having a profit. |
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Everyone in this world has a lot of dreams to fulfill and it takes a long time to achieve it but now maybe with the help of Bitcoin and advance technology one can fulfill his or her dreams without any hesitation including me and my dream is to own a lot and a house.
If you will just work hard and keep doing that thing then you can reach your dreams. I will give you a tip, don't rely on bitcoin and other cryptocurrencies in reaching your dreams because that is not a good move for you because it is better if you will rely on them but not on a full time basis, you should establish other source of income also so you will have a higher and faster progress to own your dream house and lot. |
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How to spread awareness of Bitcoin in a way so that old people start to use more bitcoin?
I though spreading awareness of bitcoin is a good idea. Bitcoin is for everyone, it's not about the age anymore as long as you can handle to join crypto environment. And for me the best to convince oldies is to show them how good bitcoin impacts to those join with the help of social media or maybe personally. You cannot totally convince the oldies because for them it is not an interesting thing for them to get into because they are saying that bitcoin is only for the young people and we they should avoid using it in order for them to not mess up and for me, i agree with them because it is for new generation and not the old people since they are experiencing different problems like loss in memory that can lead them to losing their password and other important things. |
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Bitcoin will not become dead because the market is just testing who is the real believers and holders and that is the reason why the price of bitcoin goes even lower because the panic sellers or the weak hands sell their bitcoin off and receive a huge loss but for me, bitcoin is just resetting and having a huge correction and getting ready for the next huge pump.
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