Well, seeing the insane volatility in the bitcoin price these days, I am not so sure that my economy can afford this continuous oscillations to carry out my daily transactions. I don't like to pay $1000 worth of bitcoin today, and realize that in a matter of days I have lost 20% in that transaction, and that is why I still prefer the fiat money.
You have just mentioned about the 20% fall in price that causing a difference, when the price grows 20% you people will be happy. That's the real mark of bitcoin varying without getting a stable price. I personally love the fluctuation in the price which can never be observed in any other currency. This is the one that helps earn even on increase as well decrease based upon our strategy. This makes be prefer bitcoin over cash. |
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for now of course I believe bitcoin as an investment that could give new hope at a time when the world economy moves stagnant. bitcoin is advantageous because it is used by many people.
Exactly, that's why I keep on believing bitcoin because as of now it is making good trend in the market. Even the price is not stable but it keeps on increasing again and again whether there are dumps that are happening. So for me, if we are going to believe bitcoin there's no regret on it because it can make us financially good. it can only make financially strong those people who believe bitcoin as long term investment. some people believe on bitcoin but not as a long term investment. they just earn bitcoin and sell it. that may only give them some benefit but not make them financially strong. Though they are earning for short term but if they are going to keep on doing. It will benefit them and that's why we keep on believing to bitcoin continuously. And if we are not going to believing or stop bitcoin as early as today, we are going to feel sorry about it because we didn't believe on it in the first place while seeing the price to increase. The trust we people have on bitcoin even after several ups and downs in price as well collapse because of developers getting out and working for other firms is the driving force that keeps on bitcoin in the growing side. So believe and grow along with the growth of bitcoin this is how I believe in bitcoin. |
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only when they activate the SegWit will we witness the increase of the block size. however, it is hnlikelyto happen in this decade since there are too many pool do not want to involve in the SegWit. i dont know why. if the litecoin can activate the Segwit, maybe bitcoin will follow its path
You need to have a cross check, bitcoin doesn't have anything to follow litecoin to resolve its complications. Litecoin mining is possible even with a desktop which has a increased spec's. The same is not possible with bitcoin, because the blocks to be resolved and the miners involved were large, also specially developed asics are there to mine bitcoin. Same is with the segwit implementation on litecoin, it is found successful in litecoin. Same cannot be expected with bitcoin as the variation in all factors are large. |
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Bitcoin is Gold 2.0
Let’s all work together
It may be but that is actually not that positive thing to hear. We all expect BTC to be the global currency that will become the global reserve currency. But this wont be the case. Because if BTC is gold 2.0, then it will be used like gold, which means that only a small percent of the population will use it. Do you see any vendors, merchants or supermarkets accepting gold? I dont see any. So the same way, bitcoin wont be accepted either. I have only 1-2 services in my town that has BTC. It's pretty bad. BItcoin might have value, but if people wont use it on widescale, then I think satoshi will be disappointed. It was supposed to be a global payment network, not a global wealth storage commodity!If there is only 1-2 merchants accepting it, it's because it's still not ready for user adoption... Everyone will be using BTC to storage wealth, so it wont be only a small percentage of the population. There other coins more suitable for the day to day payments, as buying a coffee or bread. A lot can still go wrong with this experiment, so I would not pump a lot of my life savings into Bitcoin to protect my wealth.  As with other commodities, Bitcoin can also be manipulated.... it is much better than Fiat currencies, but it is still very volatile. Your wealth are in the hands of a few developers and the consensus behind their decisions. {miners and individuals running nodes} Agree, we're in the hands of a few devs and miners. That's the riskier part. You are absolutely right. Bitcoin is Gold 2.0 so tell me why people fail to realize that and are trying everything to destroy this invention?
If we would focus on one goal, unite every cryptocurrency enthusiasts under one roof, bitcoin would be number 1 world's currency by now.
Bitcoin wont be the world's number currency until it's ready to be used by the whole population. Lacks development and it will take time. But we all need to work together in this direction. No internal fights Why do most of the people in this forum, even the Legendary ones think Bitcoin is synonymous to gold? Whenever Bitcoin is mentioned the first thing that comes in their minds are "wealth" and "earnings". Let those people out of here and bring back what it is all about. A censorship resistant, decentralized currency. Do you know what that means OP?
You forget to mention that is the first digital scarce good created by humanity. That makes it very similar to gold in terms of scarcity. Therefore as a store of value. I agree, But it is still early for the human kind to accept it, needs a lot more advertising from everywhere, right now it is in a very closed environment, bitcoin needs worldwide tv commercials like coca cola, easy explanations, easy apps for smartphones..
You're absolutely right Bitcoin sho is lightweight, I give it that. But it don't have no advantage ova tha gold thieves. Hail, you got the damn exchanges runnin' away wit people's dough! This ain't no binary dilemma we got here. Gol' can exist side by side wit bitcoin, jist like we coext wit the squirrels up inna treetops. Its a big ol' world an' they's lotsa room in it fo' evverthang.
it will coexist with gold, atleast for some generations This seems like a reasonable way to look at Bitcoin and gold. Gold has a long history as the world's premier Store of Value. Gold is pretty easy to understand. Bitcoin has not been around very long, and as we have seen, there are a variety of issues & problems not being resolved quickly. It is too early to say whether Bitcoin will become universally recognized. An altcoin conceivably could come along and displace it. Bitcoin and gold share some properties. But, they are two different "vectors" if you will. BTC is a nice innovation, and might very well change history. But the story is not written yet. Thanks. And yes, we have to write the story and make history  Bitcoin is the de facto cyber gold. It has many features similar to gold, especially the limit supply. Bitcoin is not really a day-to-day currency due to its limited amount. I invest bitcoin similar way as I invest gold.
Well done. And yes, there are more suitable coins for the day-day payments. Bitcoin is far better than gold, gold was always risky like you have mentioned thief, government, and it was always risk prone. And at most times it would become stagnant to. I don't personally like taking the gold as a investment cause it isn't. I would prefer to keep Bitcoin as it is and not term it gold 2.0 rather have the government again questions us as to why are we keeping Bitcoin. Bitcoin so far has escaped the eyes of government but I wonder how long, till they make some stupid rules for it. I would however support your call for unity for Bitcoin.
I guess you're right, the goverment will try to regulate it as soon as they realize what is really BTC.  That's another reason to call for unity
Humanity has been waiting for a place to save his earnings and be able transfer it between generations without loosing it’s value. We already had gold, but it’s been difficult to hide it from thiefs, both the goverment as other kind of thiefs.
Now we have the opportunity to change it. Now we have the opportunity to conserve wealth without giving any explanation to anyone.
The only way to do this is by all agreeing that BTC is Gold 2.0
We dont need a new technology to pay the coffee.
We’ve gone throught times when the goverment decided to confiscate every single grame of gold of the citizens. We're going throught times where printing new money is devaluating our savings. This wont happen again if we all work together making Bitcoin better.
If we do not agree on which coin is the Gold 2.0, a new “war” for being it will start and this will not let the humanity move to the Golden 2.0 Era.
Bitcoin is Gold 2.0
Let’s all work together
We do need a technology that would serve the people. The Satoshi White paper, called this a Peer-to-Peer Electronic Cash System, not a technology to store wealth or another commodity to replace gold. So Satoshi's goal for this was to replace the current "Cash" system. We do not need any "war", the network of users will decide what they want from this system. ^smile^ Bitcoin is the oldest, most secure and therefore the most trusted cryptocurrency, that makes it the place where people is gonna put his savings. Therefore, gold 2.0. There are other coins more suitable for the d-d payments i like OP statement that make bitcoin more valuable rather than gold and we as a part of bitcoin must be concern about this because there is a chance to bitcoin could be the rival of gold indeed still a lot of obstacles in the front of us to make bitcoin as gold but i believe someday people will more likely to choose bitcoin rather than gold because they tempted with bitcoin features that are not owned by gold
Thanks. And I do agree with you and I hope it happens  i am agree with the OP that bitcoin is gold 2.0 and we should work together to make it happen. the blockchain technology offering many benefits and value to do this and i think blockchain technology is solution for future but we need to spread bitcoin into many places so other people will know and they will using bitcoin.
Agree. We need to spread it but with a united message. BTC is Gold 2.0 i like OP statement that make bitcoin more valuable rather than gold and we as a part of bitcoin must be concern about this because there is a chance to bitcoin could be the rival of gold indeed still a lot of obstacles in the front of us to make bitcoin as gold but i believe someday people will more likely to choose bitcoin rather than gold because they tempted with bitcoin features that are not owned by gold
Bitcoin is truly golden it is kind of virtual gold, great value and all popular in the future, it will be the world's gold Agree with you!! With every features similar to gold as a backing, as a commodity, as a form of investment is now found on bitcoin. So bitcoin being said as gold v2.0 is a right decision. These days taxation is the only issue with bitcoin, some countries were making regulations regarding the taxation for using bitcoin. |
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If not sports betting i guess poker would be a good gambling as well to follow with dice as also a well played bitcoin gambling just for my opinion since bitcoin is already a well known currency for casino house and mostly dice really have a huge edge.
Sports betting seems to be the popular gambling with bitcoin. As stated in the above quote if sports betting is not the popular one, then poker and dice games are found to be more popular. |
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In trading, you can sell or buy what you have to gain. whereas investment, it may take a long time, and capital to make a profit. Well, both are similar, but with trading, you can control the advantage that you have, but the risk is quite high.
In trading we need to be much aware of the market whereas with investment the sector in which we are gonna invest need to be analysed perfectly as it's there for long term. With trading we are supposed to make good strategies in relation to the profit margin to get profit. |
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it takes time and trust that bitcoin is recognized by a state. many governments still fear in legalizing bitcoin. the only way is to use bitcoin as often as possible. So the government should not have to recognize bitcoin for a functioning economic system in the country.
for now, the government is very scared with bitcoin, because they think bitcoin currency is illegal and assist the process of crime such as money laundering and so on. maybe in the future the government can accept bitcoin under certain conditions i think the accepting of bitcoin by the government is concern with the mass adoption. if people are accepting bitcoin and their number is increasing then government will also think about accepting bitcoin, but it is also a fact the government will accept bitcoin under certain conditions. Yes, before making government accepting bitcoin payment system, we must make our friends and colleagues to adopt bitcoins. When more number of people will be using bitcoins, there will be more merchants and hence government may start think about accepting bitcoins as one of medium of exchange with some regulations like imposing taxes. Nope, a government does not care about how many the people are trying to adopting the bitcoin in nowadays. but they just need to prevent the risk has provided by bitcoin. A lot of the adoption in Venezuela and it's not showing good interest by the government. I’m pretty sure the Venezuelan governments hates any way the people can use to avoid the crazy inflation that goes in their country, that is why there is a control of dollars in the country and bitcoin is even worst since you have no way to control it at all. Venezuela tried hard to come out of inflation with the use of bitcoin. Eventually people started mining and supported the economy through the earning made, but recent days regulations of the government is very worse. Destroyed several mining farms as well the users were under investigation. |
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i don't think that we want to store 100 bitcoin in just one wallet because its too risky to do this, i think its better to store in more than 3 different wallet and we should keep it save and only us that know the place to keep. i will store in offline wallet for the most of 100 bitcoin, the rest i will spread in many wallet, maybe in wallet that available in market exchange so i can do trade with that amount.
Using more online or hardware wallet increases the security. Importantly the key needs to be remembered always, lot of users just create lot of wallets but forgets the key. In such a way loses bitcoin, to avoid it everything need to be recorded. |
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I am the new in this area.so I want to know how it earn money, and which kind of site is it good at least it is stable?
HYIP is a scam. I do not intentionally give my money to scammers, and I do not intentionally try to scam others out of their money. Therefore, I do not use any HYIP. HYIP is something which is not possible to be a trusted earning throughout. The reason is the growth and the investment investment doubles in a short which is not possible. Also most of the HYIP websites too is a scam. Staying away from it is a good decision. |
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Obviously I can google this, but I would just like to hear what you guys have to say as those articles are outdated and may contain irrelevant information.
I'm using three exchanges Yobit,Ccex and Novaexchange, although you can not consider them number one in their industry,yet they offer volumes to every coins listed here,security are all ok they keep updating their site to the latest security don't have problem with support also this is my experience in all these three. Based upon the locality users prefer different bitcoin exchanges. Kraken is preferred by people in the European nation. Localbitcoins were much used by users around the world as its one among the licenced bitcoin service render. Yobit too is better in terms of listing all sort of coins which were unavailable in other exchange websites. |
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Am really inspired on how one lucky fellow won over 300BTC using martingale and I think it can work for me...right now am just staking up more btc before I try it out Best luck for the courageous decision you have taken. Be cautious and don't be too greedy if you start good in the starting of the roll. Just don't indulge more to earn more, because you're risking yourself, only the luckiest deserve to get the best. |
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I have managed to collect 1 btc which did take along time to achieve. With alot of smart decisions I managed my btc collection strategies well with faucets and some dice playing on the times I was bored and looking for some luck from the bitcoin gods.  Bitcoin earning is getting much difficulty. Me too managed to earn more than 1btc, I was unable to save it long as my earnings were used for my needs and part of the earning is lost in gambling. Only when I was lucky used to save a little to use it for the gambling events next time. |
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Is it theoretically possible for your low fee transaction to never get processed if all incoming transaction fees are higher from that point forth? I'm kidding to an extent, but I'm going on 23 hours for three confirms.
To answer your question. Yes and no. Mines can chose what transaction they want to include. So the could only include transactions with no fees if they wanted, but as they want to earn, they prefer transactions with a higher fee. Now let us assume miners include transactions with the highest fees first and that everybody pay higher fees then you. Your transaction could still get confirmed. If there are so few transactions made that a miner can not fill up his block with high fees, then they go for the next best thing. Lower fees. So this is a way you could get in, but some miners could have an threshold and if your fees are below this, then miners might not pick up your transaction at all even if they have the space for it. Actually, the software for mining is developed to pick the transactions of highest fee (this is due to the bitcoin network preferring higher fees as it helps sthe network to function). The miners can of course modify the software but the current software relies on both the maturity of the transaction, the size of the transaction, and the transaction fee included to cover the cost of the transaction. What's been mentioned is true, right now the backlog is due to these updation delay. For a long discussions were going on about the implementation of segwit or the blocksize increase through fork. Technically skilled people have said that segwit will be a better option than forks, but it has got only 20% support from the miners who are the base for bitcoin's success. |
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I don't think you'll get a good asic for the amount specified. To have a decent and a low power consuming asic you need at least $1500. Other small asics won't give you an earning that you expect. Better is to save for a little more time and try buying the best. If not surf amazon you'll get based on your affordability.
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I am not rich yet. I have earned many BTC from betting. Some days I feel like making money and some days I don't.
This is what we must make basic to immediately reduce or stop gambling. Rest assured, gambling will not make us rich, better to use our money for investment. My advice, better most of the bitcoin on hold due to the current price being up, the rest we invested to buy altcoin. There is no basic to quit gambling. Its our self control to stop gambling when our mind says that we're crossing the limits. Being rich through gambling is really a hard one, but making investment from the earning gaining through gambling makes you rich. |
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Teaching kids is easy, if they're made to interest towards bitcoin. These days kids are handling smartphones and advanced gadgets in a simple manner. So let them be visualized with the bitcoin related videos. This will easily make them understand bitcoin as a source of earning initially. Later on will understand the true technology.
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So when do you guys choose to go in for an investment into BTC?
I've just purchased abother 0.5 BTC today.
I've been waiting and waiting thinking that after the spike and breaking $1k we'd surely see a downward trend in Bitcoin and was hoping to invest when it took a dive.
I especially thought that dive would come with the latest reports in the media that there's thousands of transactions caught up in a back log in the blockchain.
%
When this bear trend didn't occur I decided that I might as well just dump 0.5 into BTC now as didn't want it to increase and increase and be further and further behind.
When do you guys choose to dump money in? Do you think I made a poor decision and should have been more patient?
I'm not a short term investor anyway, I'm in for the long run because I'm passionate about BTC and what it stands for, that being said I'm a little bit worried right now with scaling issues.
My worst fear would be that my investment becomes valueless (unlikely) or that it drops to $700 or below again.
Keep that btc for six months and never invest in any progarm ,it will double or triple your profit ,but if you invest it theres an instance that you will only lose your btc and have nothing in return. Manage your bitcoin in a good way. With bitcoin and digital currencies nothing is guaranteed. So buying and holding too can end in a worse result. Find a legit websites and invest even if the interest is low. So it gives a stable earning and when withdrawn after few months if lucky you get more profit if price has got doubled or tripled. |
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Bitcoin without the altcoin is not good and it would never came so far without it for sure...
although alt coins are not necessary for bitcoin but still they are providing a little support to bitcoin. as most of the people like to invest their bitcoins in alt coins and for that reason i think alt coins are important for bitcoin. I think bitcoin does not need Altcoins but I have no problem with the existence of altcoin. although I am a novice trader, but I had some time to get profit from trading bitcoin- altcoin. You might doesn't need altcoins personally, but for a sustained growth alternate competence is required. Why should you need bitcoin. It too emerged competing fiat and with its advancement took the position as the head of digital currency. Same is with altcoins bitcoin competes and grows, else we could have never reached the current level. |
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Everyone can claim that they are the creators of bitcoin. The reality gets hidden till Satoshi expose the truth. Till that let we too be the creator of bitcoin, because none has the proof to confirm.
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Dice games in gambling is very interesting but it is completely based upon luck. Once we place the amount, there is nothing to do with it anymore. Its better to go with minimum amount and go for a intermediate pay out value. This will not affect much even if the roll gets lost.
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