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We don't know if th OP really do it, what is written does not mean we leave completely. We write it because we still want it, so who knows if OP is already a silent millionaire now.
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Bitcoin will reach 50000 $ in 40 years or more.bitcoins would have reached more than 2000 dollars if there had not been any price drop .otherwise it would just fine .well there will no many hacks in accounts where it will get lost bitcoins .so security should increase.
I think to reach 50k is very excessive, I believe 40-year again isn't necessarily could reach that price, thus I am pessimistic could survive10 years. Maybe the price peak is $5,000 after it goes down and abandoned because there was already a replacement by another coin. We can't say that, we do not know how the people would react with the current progressive price now. We do not expect the price to rise $1,000 this early, so I can say bitcoin is full of surprises and we didn't know what is coming. |
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Bitcoin is freedom ro me. Thats what i like the most about bitcoin. I left my work and today bitcoin is the only way to make some money to me to cover some my basic needs.
That's a complete gamble mate, you really quit your job just for bitcoin? You must be having success here that you can afford to sacrifice your job that pays you regular pay to gamble your future here. I salute you for tha. |
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With the way Bitcoin is behaving now which is always climbing upward, I am sure many people are getting their wallets fattened. In 2017, many experts are predicting that Bitcoin would be having its own banner year and so we expect the value of Bitcoin to be on the upswing. It is really the best time to get involved with Bitcoin as the international markets are getting curious with this number one cryptocurrency.
Yes, thats why so many new people come to use bitcoin. Bitcoin is not only use as currency but is also such as good investment too. Probably bitcoin price will rise up to three times or even more in this year. I think it is better to keep earn bitcoin so we will getting rich soon. Definitely the price is going up, and I think it will be going up a lot this year. But yeah there are chances of drop down, but not to worry Bitcoin is getting new users and getting popular for its volatility. And this volatility has make people rich, and will continue to do the same. So best is to hold on with your Bitcoins. Let us focus on what bitcoin has given us now, it could drop of course because it's impossible it will just continue to rise but until there's no sign yet, investing now is always the best choice. |
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I don't see any. Maybe at the beginning needed some time and attention to learn in which way is used but for the rest none. Even the fact that is digital money is overcome from being used through the debit cards. So is the same like the other money. As for the fact that is not used widely this maybe come from the fact that is not official money.
Yeah I have the same thinking with you. I do not see any important disadvantage of bitcoin. Although the transaction time is litle bit long, but the transaction is world widely. Bitcoin transaction still faster than bank transfer that costly and difficult for transferring money in different bank. I agree! Though we could really say that now a days the transactions requires time unlike before an hour or 2 before yyou received it but all in all it is faster than other transactions. But sooner or later they could fix that. All in all i dont see any problems or disadvantage of bitcoin eversince. but i think we cannot consider it as an disadvantage, i think it is a problem and that can be solved. i don't seen any disadvantage in bitcoin. it is alright and nothing is wrong there in bitcoin. Confirmation times is not really a big problem on bitcoin and i think it cant really be solved since bitcoins adoption is increasing and expected transaction would increase too on which makes the more blocks the more time it would confirm unless you are paying high fees on each transactions.The thing i could see about disadvantage on bitcoin is its anonymity which give some positive and the same time it does have negative too. Maybe we have to get used to it, but it's not the biggest disadvantage of bitcoin as you can still have a faster transaction when you chooses to make a big fees. The network is busy now due to the increasing adoption and people loves to transact when the price is increasing. |
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Yes trading is a high risk investment but the only difference is that with trading you can gain knowledge while with gambling you gain frustration and addiction.
I personally tried my best to enjoy gambling for free, mean without investing any money, but I never find any platform for trading from where I can make trading without initial investment from my hand. Now I have started gambling for free cost to entertain myself. In my opinion, trading is different and gambling is different. We should not treat one in another way. Of course because gambling will only give you entertainment but trading might give you profit if you are a successful traders, and take note that there's more people who make money in trading than in gambling. |
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People say as much as they know so if you haven't made a deep research in the past you can't say that it worth the research made.
Bitcoin needs to be analyzed and at the end the researcher decides if it worth investing or not, there are many factors which makes the bitcoin to rise or shut down.
Yes, very honestly the price of bitcoin now cross 1000 USD and is trading about 1020. In present time only long term investment can be effective, for short time investment I think the currency price is a little risky because the price of bitcoin can take a little correction any time, hence I will only suggest you long term investment as per present time situations. Good time to buy since the price is currently rising, it will not drop until it will reach to $1.200, lol, just my prediction. Actually I am holding my earnings and I have not encash it yet because I wanna join the party. For sure a lot of us are profitable for year 2016. |
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Bitcoin is a very good thing to have as an asset. Just like gold. Even better if I may say. It's secure, and unlike fiat money it actually exists and work is put into it to produce it. This makes it great to store value.
However, it cannot and will not replace current fiat money that the entire world it using. It just cannot.
actually bitcoin is not that secure. we can see how many people were hacked. alright, the point is both bitcoin and fiat is not really secure. they have their own good side and bad side. however I agree with your statement. bitcoin will not change fiat totally, but in some cases we can buy stuff by bitcoin. The reason why they are hacked is because of negligence, having said that, we cannot blame our carelessness to bitcoin. |
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I do not think cashless society will kill bitcoin but increase its price. Imagine a society without any currency notes the only method of paying is online. Since bitcoin transaction is fast and cheap and anonymous hence it would be preferred.
I agree, once they would start freezing bank account randomly, and people could not buy a piece of bread and starve to death because there would be no other currency. Then people would quickly realize why it's important to have a decentralized payment system and currency. It would exponentially accelerate the use of Bitcoin. How the hell would they freeze bank accounts? It is done for a reason, especially when you violated laws. |
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Yes I think bitcoin has future as everybody nowadays prefer everything online
Of course it does have a future at all everything that has been helpful and good to all of us deserves it. It is now a well-known internet currency and no doubt that its popularity will keep on increasing and it can be known for the next few years, even though we are still few in this society I know that one day bitcoin will be used by many countries and users. That's a great vision and hopefully we can see that one day, not for us but for the next generation. It's a long process but with continuous growth of bitcoin, we can achieve it someday. Just never lost faith with bitcoin even in times it will experience crisis as strong currency as bitcoin will vow to rise after every trials. It is going to happen and i can ensure with you about that. When bitcoin was first created, no one knows about it for almost a year but now, the situation has changed, Bitcoin keep stronger and stronger without being stopped by any individual or system. In the future, may be 5 or six years later, I believe Bitcoin will be used in many countries  Yes, think about who bought BTCs 5 years ago, made a lot of profit in BTCs and now it's already possible to convert to fiat and have a mega profit. Now think in the next 5 years how much will be Bitcoin pricing, a mega profit for who continue holding and waiting for the next big jump in the price. As more and more people start using it and more Bitcoin be mined, the currency price will continue increasing even more. I am inspired with those people who bought bitcoins way back then when it was launched or when it's price is still that very affordable. I'm always saying to myself that only if I knew bitcoin earlier way back from its earlier days but who knows that bitcoin will have a good future on where we are already enjoying it today. I admire these people too. It was a very smart move taken by them, but I do not think there are many that left their Bitcoins there: when it reached $1, people probably sold their dozens of Bitcoins without ever thinking it will go that high. Now we're tempted to do the same as the price reached over the $1000 range, but what if the same move happens and we're going to talk about the same thing after four years? I guess they don't even know that bitcoin is going to be this far today. I'm happy for them that they are already successful because of bitcoin, that's a good thing for them and that is just making bitcoin clear that it has a sure future at all. No matter what happens as long as we are going to keep on staying with it, we will benefit. Nobody knows, what we are doing here is clearly a gamble. The price could go up or down, and we are just lucky to see a good price which gives us a profit. |
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Well in my opinion the bitcoin has a lot of advantages if you compare it with the normal cash in real life.
Firstly you can not lose it at all so that is the first sweet reason why its better.
Another reason is due to the fact its much safer, you can get robbed and mostly if people break in your house there is nothing weird, no cash.
I think cash is also a old method to pay, everything is gonna be digital in the future.
Yes bitcoin is really a good transaction medium, but I think the main reason is that the new generation is interested in online buying and selling and the governments are also now thinking about to issues a online currency so as to facilitate their people according to the need of the modern time. yes you can not do anything with cash if you want to make a transaction online , i mean you can do it but with a very complicated way and long journey until your cash become a digital money like have to deposit to paypal or something. with bitcoin you just need buy bitcoin from someone near you and spend it online . Compared to cash, bitcoin is the best when use online. They are both faster but bitcoin is cheaper and more secured to hide our real identity, with cash, we cannot transact online anonymously and they will never have that for us as they want to expose our identity to them. |
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In the United States, yes. https://www.irs.gov/uac/newsroom/irs-virtual-currency-guidance- Wages paid to employees using virtual currency are taxable to the employee, must be reported by an employer on a Form W-2, and are subject to federal income tax withholding and payroll taxes.
- Payments using virtual currency made to independent contractors and other service providers are taxable and self-employment tax rules generally apply. Normally, payers must issue Form 1099.
- The character of gain or loss from the sale or exchange of virtual currency depends on whether the virtual currency is a capital asset in the hands of the taxpayer.
- A payment made using virtual currency is subject to information reporting to the same extent as any other payment made in property.
But I think there are different rules of taxation in every country. I was thinking about those who falls under tax exemption range. I bet their bitcoin holding won't be taxed by the government  . I think those who have a huge stash of Bitcoin are putting this ideology in a commoner minds so that they have someone to support them. They say no to government tax lol but wanted to have a good society and well developed country. There are different rules but they are unified with the fact that once you are earning money you to give a fair share to the government. |
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we can say they have really invested a lot of money even if we see the odds then they have even faced huge problems with bitcoin in past time by still they have managed to get their grip on bitcoin. soon or later they will try to get more powerful in more sections
That's what Chinese are for, they are always staying to a place where they can have good business and profit. So they just saw that bitcoin will give them good opportunity at early stage and they did really invested into it with and bought a lot of bitcoins. We just cannot identify who are those people who bought a lot in China but for sure right now they are just enjoying their profit. Yes, you both are correct. But I think china domination is just for now, becouse some of coutries were started to be bitcoin player too. I heard that Russia is wants to be a big bitcoin player such as china, USA and Japan. So I think when bitcoin get full of mass adoption, china will not able to control bitcoin any more. My opinion is china will get the biggest profit from bitcoin becouse they are get in bitcoin earlier. Just like the saying that there's no permanent in this world and the only constant thing is change. Big countries will be more interested with bitcoin due to it's big potential in the future. |
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The paper has no future. we are using smart devices in the digital world
and We can use digital currency for payment online. If we use paper money, we can not do it .
so The digital money just has future.
Even we are living in the world that is now being conquered by technology still there is a future for paper money. All types of currency are just innovating and that's the future of paper money it will be digitized and it's all happening now. Crypto currencies are perfect example for it and as well as paypal's service. I think the best currency to be the future of money is which give us so many advantage while we use it. Probably bitcoin and gold is really apropriate for the future. Both trend value is never decrease. Mind you, gold is not money but a commodity. Bitcoin will be qualified but not for the human race, it's still limited despite of it being so popular. |
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the simplest and easiest way to invest I can think is buying or earning bitcoin in the low price, and hold it for a long time. no doubt, many people make profit by doing this. but I myself invest my bitcoin into a business. I sell things and get profit. it is another way of investment, but not bad.
Yes that is the simplest way of investing in bitcoin but the thing is that we can't buy bitcoins at a very low price today as the price keeps on increasing. Maybe better to focus more on some other ways where you can good profit like trading. While you have funds for holding, still you need to allocate some of it for trading. Bitcoin is a volatile investment. No one can preddict when bitcoin in the low price. I think Dollar Cost Averaging (DCA) is really apropriate. So we buy bitcoin continously in a fixed amount and a regullar schedule. This is long term investment strategy. Also regardless of where the market will move. But we are not exempted with it, we need to learn how to predict because by investing we are betting on our prediction. We earn when bitcoin rise or higher than the amount we purchased so we must analyze the price carefully. |
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Nowadays. transactions are really slow... I hope they can find a better way to do the transactions.  When BTC spreads all around the world they need fast transaction speed. Transactions are instant, confirmation is what takes so long, correct? If so, is there any fraud that can be committed between the delivery time of the coins and the confirmation time of the coins? Sometimes it can take a while for a transaction to be confirmed, but if there is no fraud that could take place between that time then merchant could simply see that you made the payment nearly instantly at a check out line for example and it could be as simple as that. I don't think there's a fraud that's going to happen because I have never experience that once in my life here in crypto. It's just slow when the network is busy and that's it. |
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It will take another one month to reach 1000 dollars .as till now the price of bitcoins have reached upto 950 dollars and it will reach it in no time .
Can be true, i also feel that we will see bitcoin crossing 1k$ mark in January, 2017 and after that it might go up or down again we cannot be sure about that, but atleast some people will get a chance to sell some of their coins if they have been waiting for a price like this. Well, we have our own opinion but I still believe we can reach the all time high and maybe surpass it later. It can happen this year, so we must watch out for that. |
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I am still waiting for this crash and to pick up some massive short positions but longs keep wrecking me I will bear it out and have you in the end. Me too waiting for this crash but this is a day dream and looking at current price seems it will never come true but I have hard wish that it should come back to $250 or at least $300 so I can make good profit when Bitcoin reaches at $3000. There might be a chance for people to invest in bitcoin if it reaches low prices like 200$ or 300$, even though it may look impossible but people who are new to bitcoin never saw it reach 1200$ and then dropping. But I think it is very difficult for it to drop that much right now so the best option is to invest in it now that one day when it reaches 2000$ you won’t regret it for your actions. But missing out those opportunities will make you regret for sure. I don't know how do you call that people, though the price is cheap but IMO, it's still best to invest when the price is rising compared to investing when there's a major price fall back, there's a big chance it will not recover anymore. |
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in fact, it is very difficult to imagine bitcoin without altcoin. probably about 80% of users bitcoin definitely use altcoin to find additional money. Well, I see that most people of this forum is a trader, and I am sure they are traders of altcoin. so I think, bitcoin will feel less without altcoin.
From what I know, altcoin is not a competition but it's also something that makes bitcoin strong as their system is in relation to bitcoin. They help bitcoin to be introduce to their users as well, they are getting some ideas from bitcoin. |
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I think such high price for bitcoin would provoke world's economic collapse. Cause of in the case of price 10000$ many people would cash out their bitcoins to not skip that chance. Some of them would become millionaires. But I think the government will ban bitcoin in the case of such huge price The price itself is pretty much irrelevant It is adoption that matters. If only a few million people around the world use Bitcoin, what difference would that make to the government if Bitcoin is worth 10,000 or 1,000,000 dollars per coin? They wouldn't give a fuck about all those queer people selling bitcoins to each other. On the other hand, if Bitcoin is worth only 500 dollars per coin but it is widely and wildly used throughout the world (this is an impossible combination, but let's assume that there is no cap on Bitcoin supply), it would be a really dangerous mixture for governments since it would most certainly affect fiat circulation in the ways which governments (especially those of smaller countries) won't like in the slightest degree I agree with you on that, we are still small compared to the total users of fiat, bitcoin users are fiat user as well. And I believe no one will sacrifice to stop using fiat just to fully accommodate bitcoin. |
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