The problem related to price volatility will be solved as soon as bitcoin marketcap will be around 50% of total online payment processor so i think bitcoin can be efficient payment network in future. However even price volatility doesn't matter if you are merchant and have fear regarding getting less than expected as there are services like bitpay which directly converts your bitcoin to fiat if you like to receive payment in fiat.
Gold price would also be so volatile if it doesn't had this high marketcap, and bitcoin is also GOLD of new era which need few more years to get more investors and holders and we may see quite stable price.
the point with gold and its stability comes from the fact that countries own the far majority of all the gold in the world. and i am not only talking about the publicly known gold stash. these countries need gold to remain stable in order to maintain the value of their assets at a certain level. bitcoin doesn't, and will never have this kind of support. volatility will always be a part of bitcoin, no matter what the market cap is. |
|
|
|
The bitcoin will never be popular as now when theprice is stable you knwo lots of people will invest withthee bitcoin because of his value and price
so they wont invest with it when that stops.
In the first place bitcoin is not an investment, it was design as a digital currency where we can use to transact online, the stable price of bitcoin is brought about by the popularity and people are adopting that would make the price stable as whales can no longer manipulate the price. it doesn't really matter what the first purpose of bitcoin was. all that matters is what is happening right now, and how are people using bitcoin. at this point bitcoin is being used as an investment tool by the majority of the people. if the price was stable, then certain investors will leave again, but in their place there will be new investors or wealthy people looking to use bitcoin as store of value. |
|
|
|
there is no 100% safe way for that, and way i know might take more than one year, so all you have to do is buy bitcoins and wait for their price to rise, then sell them
There is an easy way to double is money but not the easy way, in gambling you do not need more time to know the outcome. If you are willing to take the risk in gambling, you can bet even in dice if a certain dice accept $100,000 for a single bet then roll it. gambling is a horrible way of trying to double your money. it can make you lose that $100k in just a second. in a second you lose money that you have worked 10-20 years for.... only yolo people without a brain will do such a thing. |
|
|
|
In my honest opinion, I think bitcoin can't help poor countries because of some reason and any other altcoin can't also help them. I said it since having some amount of bitcoin is required to have a good earnings in bitcoin and other altcoin. Free bitcoin won't suffice for them to survive every day since they're earnings via faucets, signature campaign, etc. sometimes might not be enough to cover their daily needs but it will ease them though.
people can actually make a decent amount of money through signature campaigns for example, but for that they need a smartphone with internet, or either visit an internet cafe where they pay per hour. both options are quite costly in third world countries. for second world countries it's different since they can afford themselves a device with internet, but it will only help out a few people. and that's it. |
|
|
|
|
of course not. one of the main reason for me to use bitcoin is to work outside the banking system. if you ask people that are willing to see a bitcoin bank what the reason for that is, they answer with that they get interest over their coins. that's a pretty lame answer if you ask me. also, there are certain exchanges that offer you interest on your coins. in that regard these people will consider exchanges banks as well.
|
|
|
|
trading is high risk
so yo want succes in trading your must have skill trading
your must learn trading and the first trade your must low capital money
nowadays there are even apps that allow you to trade with non existing money. so in that aspect you don't risk anything. of course it's not the same as when you use real money, but at least you can test your investment method to see whether or not it works for you without losing money. |
|
|
|
|
it depend on what you can afford. if you earn more or less 0.1 per month, then keep collecting everything till you reach an amount of let's say 0.3-0.5btc, and start trading with it. i only advice you to trade bitcoin, but if you so wish you can also trade altcoins, but the risks there are much higher since it's a speculation driven market.
|
|
|
|
If you have a lot of resources and have enough money to compensate your needs.. then selling your Bitcoins is not an really option. You should invest with your Bitcoins rather than selling. Just my thoughts.  it doesn't really matter whether or not you have enough money. smart traders from time to time secure profits to have a better fiat-btc ratio as it will allow them to benefit from the price going lower. at the end of the day every trader is trying to let the number of coins that he has grow. everything else doesn't matter. |
|
|
|
We can't really say for sure. But look, USD is stable but it is the most popular currency. What can you say about that?
Maybe the same thing could happen to bitcoin.
people use the us dollar on a massive scale because it's tied to nearly everything in the world. but these people use it because they have no other option. it's there so they use it. but that doesn't say it's popular as in loved/liked by people. it's fiat after all, that is losing value year after year. i can't really be happy with something that brings my wealth down while i haven't done anything. |
|
|
|
What do you guys think it would happen if all the governments in the world declared bitcoin to be illegal?
How do you think the community would react? What could be the possible solutions?
I am not sure on what could happen if Bitcoin would be banned but I would not be happy because I then I have Bitcoin that are worth nothing even tho I bought them. If it will be banned then I am going to get over it and find something else instead of Bitcoin. bitcoin getting banned doesn't mean your coins will become worthless. there are enough ways to move around certain laws to make it possible to still use it. don't forget that no matter what happens, bitcoin will always hold some sort of value. the fact that it is a decentralized currency will never change. people will use it, and this demand gives bitcoin on its turn value. |
|
|
|
Well if you are earning money through signature campaigns and faucets, then you don't pay any tax. I am not sure if there is any tax when you are buying Bitcoin.
holding and earning bitcoin isn't any different from holding and earning fiat. it's money that you get after all. in that aspect you need to declare everything to your tax agency officially. of course, not many people will do this (which i can't blame them for). |
|
|
|
I can suggest PoS coins, DMD Diamond with 25% annual interest rate is a very nice option. Besides that, you can always try investing in casinos or gambling. The non-referral link is in my signature. Good luck.
everything you suggest has a very high risk potential. it's well known that people staking their coins end up seeing the value of that coin go down and down. 25% every year is a very high inflation rate. |
|
|
|
Bitcoin is better than paypal when it comes to security. There's 2FA in Bitcoin, signed message, email verification, etc. And the person you're transacting with cannot secretly dispute his payment before 180 days. The only advantage of using Paypal over Bitcoin is that there are more online shops that accepts paypal than bitcoin
Exactly, Paypal is more popular only because it exists since long time and more people are aware about it as almost all online shopping sites accepts Paypal but things will surely change in future. the thing with paypal is that they enjoy the option of reversing transactions a.k.a "buyers protection". this is the only thing that makes people somewhat trust and believe in paypal. it gives them confidence that if they buy something, they can get their money back. |
|
|
|
with no events directly affecting bitcoin market
the price follows usual patter of pump (600-650) dump/correction
the price has stabilised at 640 ish mark at the moment,for it to reach 700$ there must be another pump,doesn't seem likely judging by the trade volumes
for now I think it is going to be stabilised at 630-640$ point and ready to storm 670 mark in a week or two
700$ seems not realistic by the end of October,my prediction is 645-655$ range
definitely must be another pump cuz whole weekend price is stable maybe this weekend will be key one or we will go up just little over 650 i personally expect the price to come down close to the $610-$615 levels again this week. no support, no volume, no incentive to the upper side. all will make sure the price takes a step back this week. |
|
|
|
Dont sell everything,just sell if its important. Or just sell half of all your bitcoin and the other half will be use in the near future.
even selling half of the coins that you have is a lot. when i secure profits, i stick to selling 5-10% of my coins to secure profits. it will allow me to benefit from an higher going price at the time there is a rally going on. it feels bad when you have sold all your coins and the price goes up much higher than the level where you sold your coins at. just avoid yourself from being in such a position. |
|
|
|
I dont know waht ti pick becuase i know that the bitcoin will be great in the future but i also know that the gold will always hold his value you k now and i dont know waht ti
believe in the future of the biotcoin.
i agree with you there is a lot of people are choosing bitcoin because bitcoin increasing its price too much faster and there is a lot of people buying bitcoin in huge amount for the future and hope it will be too much profitable. from where do you get the impression that people are buying themselves huge amounts of coins? if that was really the case, we would be far beyond the much waited for $1000 price level. the majority of the people here only buy small amounts since they either can't afford to buy more, or they simply aren't interested in having many coins. |
|
|
|
don't same bitcoin in investment another platform gold or house
is gold is good investment is long time over 10 year
bitcoin is very bad is investment over 10 year
well, take a look at the 10 year gold charts. gold has gone up 112.5% in a matter of 10 years. it doesn't mean it will happen again of course, but investing in gold for 10 years and getting a return of just over 110% is not really promising. if bitcoin lives up to all its realistic expectations, then you'll be rewarded with a huge return. it will be beyond what gold will offer you. From the past performance, it seems that the bitcoin is much better than the gold. The bitcoin will grow even faster. Bitcoin is indeed much more rewarding than Gold, but the risks are also much greater. In order to benefit from the volatile nature of Bitcoin, you have to understand what the risks are, and know how to read the market in order to benefit to the most from whatever state the market is in at that time. understanding risks is what people with brains can. but the majority of the people here just blindly invest their money in the hope the price goes up. and we all know that with hope you can't buy anything. you have to rely on your experience when it comes to investments. if people invest without researching the investment they are interested in, then they are gamblers. |
|
|
|
In the western nations, stealing Bitcoins might be considered as a crime by the courts. But I really doubt whether the courts in the third world nations would prosecute someone, who is accused of stealing BTCs.
punishment for stealing in third world countries should not be underestimated. whether you steal $10,000 in cash or bitcoin, you're stealing money, and that's a heavy crime in most countries, and especially in third world countries. if you are put in prison for whatever period of time in nasty conditions, then you'll surely regret it.  |
|
|
|
|
i would definitely support such an initiative. i'm all in to get more online stores to accept bitcoin as payment tool. we can either wait for it to happen, which can take years and years, or we can come into action and do it ourself. i go for the latter option.
|
|
|
|
to me it is not possible in near future but after decades when all the people of the world will start using bitcoin then it may be possible.
this time will never come. there is no way that all people in the world will make use of something. that's not even happening with gold and the dollar. so how can you expect that to happen with bitcoin? that doesn't really make sense to me. |
|
|
|
|
Show Posts
