Bitcoin never replace fiat. The government will not allow it. It is not profitable.
I have worked for or procured bitcoin bitcoin to more coins were, in the final result of all would be invested in gold. I think that the precious metal has a constant value than what is virtual. I think this is not about digital or metal, but is it bitcoin can replace fiat? I think you're right that the government would never allow foreign currency to enter and replace Yeah right government will not allow the currency other than the currency of the country to go in and replace it. Because to be a money must have a form that can be used directly, whereas bitcoin has no form. So it is not possible to bitcoin can replace money and become currency. Are you serious with what you have said "because bitcoin is not profitable"? Because even if so it is not the main reason for the government to disallow Bitcoin to be the main currency. Well for me the Government won't allow something foreign/virtual to be circulated or recognized even as a kind of 2nd currency as it would be a hard task taxing it. |
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Well my dream is that all my stored Bitcoin at the right time and price will be converted to Fiat, I am a little optimistic about that part as it had reach to over 1000$ per Bitcoin now it is back to 700$ which is still Far, but it still means I can earn more bitcoin before selling it at the right price. Well it is a decent way on how to maximize my profit anyway.
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Bitcoin can't be banned totally.
Why? Because it is legal. Many countries are using it and they also earn by investing to it.
If there is a chance to bitcoin to be banned, I think it is just for some country and not in worldwide.
Most of us needs bitcoin.
First of all this statement is false. as many countries such as Thailand, Ecuador, and Russia declared Bitcoin as illegal, unregulated currency. Also other countries don't allow the buy and sell of Bitcoin in their country. Your bitcoin right now currently haw no laws for providing arrest or criminal liability but if something big arises from that expect to have a new law for it. |
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Are there countries that do not accept Bitcoin? I mean no idea regarding it. What do you think will happen to Bitcoin 5years from now? I'm not asking you to be a psychic to see the future. I'm asking about your idea about Bitcoin's future. TIA!
There are some countries which don't ban bitcoin but don't like to accept it. For example in Argentina bitcoins may be considered money but not legal currency. In turkey bitcoin isn't considered to be electronic money Bitcoin isn't illegal in many country but they don't like it and they warn their people that bitcoin can be used for illegal activities. I think in future 5 year payments by bitcoin will available on amazon, google, ebay and etc most popular websites. Each country's government have different views about bitcoin, like in the Philippines there is no buzz about it, the government does not care about bitcoin users even if there is a lot of people who use it. Of course it is a good thing too see as it means it is nothing illegal with it. But yes having a government recognition will helpt bitcoin be accepted in that country. |
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Its always better to invest money instead of saving. In saving, your money remains idle and doesnot grow. But when you invest your money, it grows and yields you profit.Investing in gold is an old method. Nowadays, people invest in crypto currencies especially Bitcoins to gain more profits.
Invest contains many risks which can make your all bitcoin blow away. You must a wise person who has a good vision of the economic system so that you can easily earn money from investing. Many investors lose their money because they do not have enough knowledge about investing but i think if a person has not knowledge about investment then he has the best option to invest in bitcoin, as it is one of the most safest investment, where your can grow the value of your invested money only by holding i. What? A person who has not knowledge in investment the best option would be bitcoin? I guess that is not applicable, because as long as there is investment and money involve a person must know first and learn on how he is going to take things seriously with it. And if doesn't have knowledge in investment then it is better if he will just save his money. Then the solution for bad investment is to gain knowledge about Investing, as you have said many people lose money because of bad investment decisions which can be solved if all people know how/where to invest. In investing the goal is to beat the inflation rate which banks cannot possibly do. Hoepefully we make good plans in ouy investment. |
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Bitcoin is worth a lot to me because as we put lots of efforts to earn fiat currencies, the same we do in case of bitcoins too.
When we provide our skills and get paid for it in bitcoins, then I think it should be worth something in our lives.
That is why I'm treating bitcoin as one of the precious thing in my life as it is very worth to me. Because since I learned a lot about bitcoin already then I am more appreciating how bitcoin can be really a worth to me. And bitcoin is a good part time job so it can help me to cover up some fees with my daily expenses. Ive been holding all my bitcoins until this day now 1 Btc is back to 703$ again I got surprised because I don't usually visit my wallet but now I am seeing some good results Ill convert it back to Fiat once it goes to 750$ which is possible. Bitcoin to me is important as it is half of my investment and I am hoping to get the best out of it. |
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I think it will depend upon the amount of BTC I have and/or I'm earning. No point getting into trouble if I am earning satos from faucets. But If I own a good amount and/or in business with some amount or doing a trade or anything, then I'll probably keep using it.
The legality of something does not depend on the amount you have. For exempla you still have the same felony commited whether you get caught with a pack or block of Cocaine. But you still have a point there as Businesses that only run with bitcoin won't be taxable as bitcoin is not the legal money that your country is currently circulating. |
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Gambling is basically like a game. And your balance is the score. The main difference of gambling from game is that in a game, your score would only rise. In gambling, your balance decreases or increases depending on the outcome of your bet. I guess that's the fun of gambling together with the fun that's made by the people that you play with.
There are games where you get deducted when you get a mistake or the opponent has done something to you, the difference between a game and gambling is money, yes you can also gamble/bet in computer games but you can't really play in a casino without money even online casinos need bitcoin for you to play. Gambling for me is fun when I am winning of course. |
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is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
Can transactions be seeded up to save customers time or any other way to use bitcoin at local stores.
Maybe the best way to avoid this kind of situation is by converting your bitcoin to fiat. Yes I know the fact that you want to pay bitcoin because you want the benefit of going wireless and not have to carry a thick wallet in your pants but unless bitcoin's transaction are faster then we must resort to Fiat as of the moment as were not the one customer they have. |
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Today NBA Season is very difficult to predict. Only Cleveland Cavalier for me is the team easy to predict. Like they will be the championship this 2016-17 NBA Season  Does your prediction includes the idea of injuries? Because the Cavaliers has a lot of injury prone players, and one injured player could mean a difference whether you win or lose in a game, just like what happened to them during the Finals of 14-15 when both Kevin Love and Kyrie Irving were out due to injury Lebron has to carry all the team on his back. Well a team's success really depends on the players and teamwork. |
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I do not see much of a difference, but I do not trust banks anyway therefore I prefer to keep all my money myself  Keeping your money by yourself has a greater chance being stolen than inside a bank, even if you put it inside a safe/vault with experienced robbers it won't be any problem with them, also why not trust banks? They don't still hour money anyway they just decrease its value over time. |
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After playing on several gambling site's i think for good earning u need to have money already. U can gamble with higher bets more relaxing, with smaller stakes u need much more time and energy to win something big. I like some dice gambling sites, for me interface and relaxing colours are important so i can play longer without getting tired. Good luck to everyone in gambling.
But Higher bets woth your money can make you loss big in just one sitting. Not like playing small but more. Although you can play high bets with the favors in you, you still have the chance to lose it, that is how gambling works. Also how much you earn really depends on how many you win vs. the time on how many you lose. |
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If you want to have fun then fins any casino that has games you may like, if you instead want profits then investing is he way to, If I had that amount of money I will probably invest in a bitcoin casino.
I think since a choice is given then surely it is all about profits because if it was fun, then this question is irrelevant. I think gambling is a bit better than investing in some cases since you do not have to use your brain and take horrible decisions rather just rely on your luck and wait for the winnings. While will a right minded person invest there money in casino? Because I don't know any billionaires who have invested their money on a casino. The OP specifically ask to choose between Investing or Gambling and what you have done is you chose both in the wrong way. I guessed the point is Investing is for long term not for a one night play at a Casino. |
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My trust in banks are long gone even before I started earning bitcoin. The only thing that Banks are good now are for storing money you are scared to invest. And also bank's interest are too low to consider an investment because the inflation rate is higher vs. what the banks give to you. But yes banks are still useful too people who want to store there money.
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Yes, I am willing to accept Bitcoin as my salary, it is kind of cool too when your employer pay you in Bitcoin No, it is your salary its not about bitcoin being cool when you are paid by your employer with it. Its about the real amount you will get when you will use it in your daily life. Think of it this way when you sacrifice fiat you accept the volatility you will face with Bitcoin which is honestly will greatly affect your way of living both good and bad way. Just to stay safe I would rather accept fiat. |
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The question shouldnot be like that, The questions you need to be asking yourself is when and how much? Of course it is easy for us to devide when to invest our savings but in order to maximize profit we need to buy something cheaper so that when it goes up we can sell it with an extra gain. So my advise for you is to but Bitcoin at a low price before considering buying it.
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Gambling is definitely high risk but I wouldn't call it an investment. Some betting games are purely chance while others do require some skill. Even those are hard to call an investment unless you are very good at them.
Maybe you don't just get it dude, this can be called investment if you will put your money in the bankroll of a certain gambling sites. And actually that is profitable as most of the gamblers loses because of the housed edge, so when you side them you can guarantee a profit. Nope he is right, Gambling can't be considered as a form of investment, as Investing takes long for you too see your gains you can relate trading to gambling though, also as you have said that you have to side with which has an edge to guarantee profit isn't it considered as lessening your risk and he is asking if gambling is a high risk investment. |
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Bitcoin has an ability to help poor people like bitcoin give a platform to people to earn some money, it's up to the people how much they make from Bitcoin and if you are talking about a whole country, then it 's hard because bitcoin is not an NGO that will give people free money. Bitcoin is for those who are hard working.
It has ability but you need to considered if the people there is can afford to buy gadgets to access bitcoin which is people there much prefer to buy foods and clothes than buying gadgets also they need to have internet connection. They can't even be a main source on income for people and you think that they can make lives of poor people better? Maybe if they earn .2 BTC a day they can but I don't know anything on the internet that can make me earn that much. Also they will need to spend more in order to earn less because they need to buy internet and at least phones to use to see if there is something to earn online. |
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In my opinion as long we accept scam like ponzi, hyip and all the other shit which destroy the image of this wonderfull invetion there will be no good future for bitcoin. It still will be a currency of the criminals. There have to be a rethinking.
Holy cow but I not have seen the relationship of the ponzi and hyip, it's bad for the investing person and the image of bitcoin but for to encourage local store for accepting bitcoin and i not seem any trouble with it, and are you refer the image will affecting the potentially of local store accepting bitcoin? I can say no this is just the relationship about the profitable. I don't think that is related bro, because even fiat money is being used by criminals not only Bitcoins. The progress of bitcoin is slow in terms of how businesses accept it is because they still don't know it yet, even if they accept bitcoin will their ever be a customer who will pay bitcoin also their is a problem with their government's taxes on how will they tax something that only virtually exist. |
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I don't think that their will be a bitcoin bank any time soon, Why? Because a banks way to earn money is about lending loans, I don't know anyone who will want to loan a highly volatile currency and also not everyone accepts bitcoin yet. Also as mentioned the volatility will make Banks change their interest frequently. And why have a bank when you can have a lending business as well.
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