I see a lot of optimism about bitcoin, which is understandable seeing the price recently.
But I have to admit I'm a little worried about the long term future of btc.
The major problems if the currency still haven't been dealt with. I see 2 major ones:
-Block size. Which makes the delay and fees of transaction rise very fast. Smaller transactions are more and more difficult to make.
-The centralization of the market. China got low cost electricity, which make them by far the most bitcoin mining capable.
-And maybe others that I'm not aware of.
Another thing: The Hard forks that are oddly getting much more frequent than before. (BCH, BTG, Segwitx2 etc...) It almost looks like "attacks" in order to divide us. Now called "airdrops" by the community. Even though they're supposed to solve some of the problems.
All in all, this makes me really worried about btc future. I've been a strong holder since 2014, and I made quite a lot of money with bitcoins, but I begin to doubt now, even though the price is crushing ATM. Please help me keeping faith. Or should I switch to another currency ? Really thinking about ETH recently.
The thing is way back in 2009 when bitcoin first started, there were a lot of speculations and predictions that it will not last longer because the world isn't just ready for it. Now, we have already implemented it in ourlives. So, if we keep on asking whether it will survive, the answer is right in front of us, bitcoin has already survived. Maybe bitcoin already survived for the past challenges but for the future, that is still the question for bitcoin. How long will bitcoin live in this internet? Can bitcoin surpass the possible future challenges? We cannot really figure out the answer but if we will see the same kind of community and demand for bitcoin then it will be easy for bitcoin to stay for a lot of years. |
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I see alot of people are holding Bitcoins and are convinced that their coins would multiply in value. The same people preach the Bitcoin ideology that its P2P, decentralised, low to nil send or receive etc.
However, only a small group of people today are using Bitcoins as they were intended. And the fees are not exactly cheap to buy Bitcoins, not to mention those exchange places are basically like banks.
So my question is, are you a True believer of Bitcoins and other Cryptocurrencies that it will one day replace paper money, decentralised and all. Or are you only a believer that the price will continue to climb and you'll one day be a millionaire?
I simply find it fascinating that its apparent, people are preaching the benefits of Bitcoins but they are not using them. Preaching to newbies and drive up the demand and prices of the coins.
Rather, I would love to see people who really believe in Bitcoins, actually going out there and using the coins to purchase products, send/receive coins and let the coins circulate around. I would love to see that day. When the prices are not so volatile, and the coins are being used as they were intended. However, not being volatile also means the prices would rise sharply like it has been this year, which also means you wont be a millionaire holding onto them coins.
So are you a True Believer?
In my opinion, I strongly believe in bitcoins and cryptocurrencies, as more and more bitcoin and cryptocurrencies enthusiasts and bitcoin prices are also increasing. Very good for future investments and make me a millionaire. It can really make you a millionaire. Just have a lot of patience and just wait for the price to go up and do not sell your bitcoins or any good coins for a lower price or not satisfying price because you might regret it at the end of the day so if i were you, i will just keep believing and having a strong faith in bitcoin and other cryptocurrency in the market. |
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Bitcoin is a worthy asset to save for children because in the long run it will continuously appreciate in value.
I agree with you. Price appreciation is a huge help for the children because they can get higher amount of money in just a short period of time where they can use for their college or the things that they need in their life especially in their studies at school and that will give them brighter future and that is all because of bitcoin. |
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When my friends told me about the price of bitcoin I was so shocked and surprised. It was really good news to all of us. The price of bitcoin now proves that it is increasing. Hope it will continue increasing.
It might continue to go up or it will not. The price of bitcoin is just because of the emotion of the people that they see that the price is keep on increasing so they think that it is a great option to just jump in that causes the price to go up even faster than before but i am not surprised because i already expect this thing and i am fully prepared for the scenarios that will happen because i bought my bitcoin at the price ranging from 3,000 to 5,000 USD. |
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buying bitcoin will never be too late for anyone who wants to join the community ! bitcoin price is uprising evryday everyweek ..
but if you want to buy bitcoin just make sure you are not in the hurry so you can buy at low and in just days you will earn in just a short time ..
this means you can buy bitcoin anytime and and will gain profit anytime sooner .
The best strategy in buying bitcoin is to buy it regularly so you can do cost averaging and you can just buy bitcoin small portion and fixed amount either weekly or monthly, it is all up to you. It will not become too late for you to buy bitcoin if you will do that because you are just being conservative and you are in a safe position. |
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Not at all. If someone is holding Bitcoin then he is holding his own money as an investment or one can say any other asset like gold, shares and others.
It’s personal choice to hold Bitcoin and taking risks, as the price may fall.
Greed is when you want to have what you don’t have or you want someone else things/assets/money, But if you are holding your own Bitcoin then there is no question of being greedy.
Being greedy in bitcoin comes when you are just buying bitcoin without analyzation because that means that you just want to buy bitcoin and you want to get the things as fast as you want it but that is all about greediness and it is not a good idea to become greedy and if i were you, i will just keep myself calm and think it for a lot of times before engaging into it. |
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2017 is the best year for bitcoin because with this year, it is really helped bitcoin to grow a lot of percentage in just a single year and this is the best year for bitcoin because this is when the bitcoin really attracted a lot of people and also made a lot of developments for the system of bitcoin which strengthens the foundation of bitcoin.
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We should invest in bitcoin because of the opportunity that we have in bitcoin that can help us to earn more money and make our life better because if we will earn bigger amount of profit then it is easier for us to upgrade the things that we have and get much better things in life that is not easy for us to get before.
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Is it because the bitcoin is getting more expensive the people are having FOMO or fear of missing out which is the reason why the demand is keep on going up and that is why bitcoin's price is keep on rising or growing day by day. If you really want to save some time in investing then you should just buy bitcoin right now and keep it for a very long time.
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Bitcoin is now worldwide and the most famous cryptocurreny.
People are now getting attach with this digital currency.
Therefore, it is very beneficial for me that bitcoin community is growing.
This would attract more investors, traders and miners of bitcoin.
Because of the rising number of the people who are getting into bitcoin community, it pushes the price to go up higher and higher because the demand is growing as the community is rising. So it is really worth it to invest in bitcoin since it is attracting a lot of people to just keep coming in bitcoin and promised a great return after a few years. |
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I really didnt have that much difficulty explaining bitcoin to my son (13 years old) because he is into computers and it just took him a bit to relate. But the problem I got with him is that he is not that interested in it yet, probably because he is not really thinking he'll earn a lot of money with it. But I think eventually, he'll follow my footstep.
These day kids were much attached to the technology. So, making them know about it as well using those things in reality seems simple if they're interested. Same time we should not force them that they should know about it, because rather than insisting its good to suggest them. They need to be given the space to pick upon their willing. It is true that the kids are getting attached to the technology but they are not old enough to be attached or included in making money in bitcoin because the bitcoin is complicated for the kids since they can get bored and distracted because of the studies that they need to do in school and also the works that they need to do also in bitcoin. |
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I really want to become a millionaire because of bitcoin and that is my daily motivation and also why i am here in bitcoin and keep working hard almost 24/7 because i believed that if i will put all of my efforts and time in bitcoin then it will pay off in the future and i will become millionaire in a faster sense than working in regular jobs.
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I personally know quite a bit about Bitcoin. However, this thread is for the community here. The idea is every post should contain NEW info which hasn't previously been posted in this thread.
For example, I will start with the obvious: Bitcoin is internet money
Is this a perfect explanation? Of course not. This is where you come in.
Please post the most detailed aspects about Bitcoin you know, without repeating any info previously posted in this thread.
The idea is as we scroll down, the discussion should get continually more complicated as we dig further into the technology, development, history, etc.
Make sense?
So I will repeat the starting point: Bitcoin is internet money
Bitcoin is a cryptocurrency the first decentralized digital currency or it is like a job in many people.These transactions are verified by network nodes and recorded in a public called a blockchain.It is used also in the online transcations like paying bills and etc.It is invented by people that is unknown.Bitcoin can also be held as an investment. I agree with you that bitcoin is a job for many people because this is the way for them to make more money because of the different opportunities to have a job and source of income in bitcoin. Bitcoin is a really great opportunity for almost all things from being secured currency to great investment and also for becoming a very high income kind of work because you can earn up to x5 of your average income in the real world. |
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This is a good idea but some of the website already think this and its being implemented but more of the target audience are not into bitcoin or dont have any knowledge about bitcoin, But this is a good practice to them to learn and contribute to bitcoin community.
There is a better way for them to know bitcoin and to learn bitcoin. Accepting bitcoin from the porn sites is a good thing for the current bitcoin users but for those newbies or people who didn't have any idea then it is not a good idea for them to learn using the porn sites. It is better if we will establish different kinds of promotion using social media in order to make them learn the right way of getting into bitcoin and learning how to use and take good benefits with it. |
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Bitcoin is the modern era currency which has many advantages like it is the digital currency which is using for much online transaction. And the funds can be easily transfers in the world without any hurdles in the way of transfer while in the fiat currency system through banks if want to make a transfer you will fulfill many requirements.
I agree with you that bitcoin is the new or modern kind of currency or more likely to be called the shortcut for greatness of our money because with bitcoin we can do a lot of transaction without worrying too much about the fees and the time for making a complete a transaction. If you want to save a lot of money and time then bitcoin will be the best choice but as of now it is not that mainstream so it is a great opportunity for us to grab while it is not mainstream. It's not the primary currency, but it can becomes the primary currency in future, do you think that? For me, Bitcoin and blockchain technology are needed to help the world grow more. There are many problems about how to protect data safest. But with blockchain, all problems can solve easily. Bitcoin will not become a primary currency because the government will still insist for the people to just use currencies like fiat and other type of it rather than using bitcoin because bitcoin is volatile and it may have a lot of changes on its price that will trigger the people to go into chaotic situation so it is really better to just think that bitcoin will not go even further than being a primary currency. |
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bitcoin will rule the world of digital currency one day
it will be peoples first choice for online payments
and you will feel proud to be a part of bitcoin community
of course, I would be very proud to be involved in the Bitcoin community, because Bitcoin will be greatly needed by the world in the future ... It is not the bitcoin alone because it is the technology that bitcoin have and there is a chance that they will not adopt bitcoin because they will just get an idea in bitcoin to make their own currency or digital payment so they can fit in to this era of cryptocurrencies. I really think that the future of bitcoin and other cryptocurrencies will be great because of the people who are currently embracing it right now. |
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That's a good question. He has to be given credit for having remained elusive. It seems Satoshi values more than simply fame or wealth, or else he would be openly bragging about his exploits in the media. I wonder if he will ever cash his bitcoin wealth.
As for me, I guess that this man was just an anonymous code name which hasn't been revealed for several years just to protect his identity. With that ways he couldn't be into transparency to the public and I think his wealth was all into bitcoin, that's why now we experienced the great rise of bitcoin. And I do believe that this person so called satoshi nakamoto hide with this name, because he protected his family and even himself from those terrorism attack that might swindles for money. Of course it is just a code name and he cannot expose or introduce himself to the people around the world that he is the creator of this great cryptocurrency because a lot of people will hunt him down and one of the reasons is to interview the one of the most genius person in the world and one of the bad people will just hunt him down to take all of his bitcoins. |
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I can say it is. Basically bitcoin is not an actual currency that we use in our day to day life but we can use it as a medium of exchange and its like a cheque that pays a specific amount of money from a person's account.
Bitcoin is more on like being a mode of payment and a way where people can use to make investment and huge payments with a lesser amount of fees but faster than some of the traditional way of transferring money. Bitcoin is money and but it is not like the fiat currency so they are really different form of money. |
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Is there any chance goverments to go against bitcoin if they see its something against them??
It was possible that government will go againsts bitcoin well if they see that it will not benefits its people and its country. Government only wants to protect its people and country. So i think its only natural if they go againsts it. But it will be better if they study and have more knowledge about Bitcoin and its functions , benefits and etc. Most of the governments right now are against bitcoin because they just think that bitcoin is a threat for them since bitcoin is decentralized and anonymous which can triggers the criminals to do more illegal transactions because they will think that they are not traceable which is true because of the feature of bitcoin and that is the reason why governments are still skeptical for making bitcoin as an official digital currency. |
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Cos is the first crypto currency and is generally accepted by people
There are so many other reasons which are making bitcoin as more popular, In fact bitcoin is providing a good profit to the people which is also an important reason which is making bitcoin more popular. Besides from giving more profit it is also giving chance or opportunity to the people to have their new source of income which have a higher chance to make more money rather than what they are making in the real world. Investing in bitcoin is a really worth it decision as well as making money with bitcoin by working into different opportunities and that is why people are keep on coming and keep making bitcoin as a very famous cryptocurrency. |
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