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621  Economy / Economics / Re: The future of the paper money on: June 15, 2016, 01:59:50 PM
i think there is no future of paper money, it will be banned in the future (+30 years) Undecided  but not now ! i like paper money , when i want to buy things i want to pay with paper money not with electronic cards .

Paper money will never disappear, it will always exist even if the world gets digital there will be certain proportion of population who will prefer to use paper money.
622  Economy / Economics / Re: Do You Think Bitcoin Will Replace Dollar Soon? on: June 15, 2016, 01:58:17 PM

no, never..
bitcoin is a currency and can be changeable on exchange offices. and maybe usable on special global shops. think about that; you have a mexican pesos u can not use it in india, your exchange procedure is clear. u must change it on exchange offices.
if it can be success, u can use btc on shops, coffee houses, malls. and it sounds great. but btc price is not stable and i dont believe it never be stable. and in this situation also buyers or sellers one of them must be loose money
you are right. it will not be. although bitcoin has a higher value of the dollar, but basically, the price of bitcoin unstable. although you can use bitcoin for shopping, or to buy a cup of coffee, but it will never be able to replace the dollar

Dollar is the strongest currency we have, and comparatively its more popular, bitcoin is still a small baby in front of dollar, and it will be very difficult for bitcoin to replace dollar.
623  Bitcoin / Bitcoin Discussion / Re: Do you like to hoard your BTC or spend it? on: June 15, 2016, 01:56:27 PM
Holding your Bitcoin will be now the best thing that you can do with it and that is because the value of Bitcoin has started to rise so that is really nice for people who already have Bitcoin.
But it will be really hard to know what will truly happen with Bitcoin later in the future and that is the problem.

I don't think there is any problem if we think of the short term, no doubt we don't know what will be the value in long term, but holding till halving can be profitable.
624  Other / Off-topic / Re: Do you still believe in bitcoin on: June 15, 2016, 01:55:07 PM
I do still believe in Bitcoin and as long as i am going to make money with it I will keep believing in it. Say I suggest that you are also going to belive in Bitcoin because it can help you allot.

Exactly bitcoin is allowing us to earn some extra money from it which holds great value, until bitcoin holds certain value people will keep on believing in it.
625  Bitcoin / Bitcoin Discussion / Re: What to do with 1,5 BTC? on: June 15, 2016, 01:53:32 PM
I would invest it in some business to get more dividends out of it.
I suggest that you save them for the future because we will never know what the price is going to be. It is a gamble that you can take but it can pay off in the end.


Saving and holding till the halving is the best option now, as we cannot take risk right now by investing it anywhere as if the decision goes wrong then it will be a big loss.
626  Other / Off-topic / Re: What is the Future of Bitcoin ? on: June 15, 2016, 01:51:55 PM
maybe  more easier transaction with bitcoin and more easier to identify if a site is a scam site s or not any many ways to earn
Maybe it would be better if all the scam sites do not exist, so we can feel safe to start bitcoin. Bitcoin I believe the future will be very promising and will continue to grow.
I agree when you say that bitcoin transaction will have a faster than today, and I also felt that the price of bitcoin will rise very high in the future. most likely all places will accept bitcoin

I am sure the core team will work on increasing the speed of transaction in future, so that would be really good as majority of users are complaining about delay in confirmation time.
627  Economy / Speculation / Re: Can bitcoin rise up to 800$ this year ? on: June 14, 2016, 02:57:57 PM
No that will not happen I think and that is because it needs time to rise and as you can see now you see also that the value is rising slowly so it will maybe in the end of the year reach the $500 I think.
And maybe we can make profit in the end of the next year so we need to wait a longer time but patience is important.
The Bitcoin can rise up to $800 this year because we still have 6 months left before this year is going to end. We will just have to wait and see what is going to happen.

$800 is easily achievable now, as we are close to $700 now so I think this can be achieved at the time of halving, but it would be good to see if it remains stable there in long run.
628  Economy / Speculation / Re: Bitcoin value on: June 14, 2016, 02:56:10 PM
$400 plus when?
At the moment the price is above $600 and it is still moving up, with the halving coming it can even be higher then now. It is not sure that that is going to happen tho.

Price will rise now, I don't think it will fall below $600 till we reach to the halving, but not sure what will be the price after the halving, may be price will fall after that.
629  Economy / Economics / Re: The future of the paper money on: June 14, 2016, 02:54:25 PM
The skyrocket price of bitcoin will bring more power to the paper money.

Why? With the price rise in the future, many people will sold their coins. Fiat money will more be used because of it's high value when bitcoin converts.

You meant to say when Bitcoin collapses, right?

Yeah I think that is what he meant. Nice theory but we need facts for that. Where did you get that idea? Too much power rise of bitcoin made him a little dizzy I think.

People who cannot spend bitcoin directly will always choose to convert their bitcoin to fiat as they don't have any other option left rather then selling it.

How many people can spend bitcoins directly? Apart from online gambling (and other such sites like cloud-mining scams) and DarkNet (which I'm not familiar with), I don't know of many (actually, any) ways to spend bitcoins directly...

Could you name anything substantial?

The fact is many of us don't have direct access to spend our coins as there is no coffee shop or restaurant where we can spend our coins directly.
630  Economy / Economics / Re: When do you buy Bitcoin ? on: June 14, 2016, 02:51:38 PM
everybody is going to buy bitcoins of course but this is not the best time to buy your coins because the price of a bitcoin is really high at the moment.

Yes I don't think this is the right time to buy bitcoin, price is higher now so its better to wait for some more time and if price drops then that would be the good time to buy.
631  Economy / Economics / Re: Why do you buy Bitcoins? on: June 14, 2016, 02:49:05 PM
For speculation? To buy on the dark web? To buy online on sites like purse.io? To send money? To do business? To have your money under your control?
What is/are your purposes when yu buy bitcoin?
No the reason why I buy Bitcoins is because I want to sell my coins with a profit. I buy now and wait a bit for the price to rise so that I can sell them for more money then I bought them for.

Yeah majority of people are buying bitcoin not as a currency but as an investment to make good profits from it in future when price reaches to the moon.
632  Economy / Speculation / Re: how much gonna be 1 BTC in a year? on: June 14, 2016, 02:44:46 PM
After one year the Bitcoin price has to be at least one thousand Dollar if not it would surprise me. After one year am looking forward to the price so that I can sell some of my coins.

Yeah that is possible and we may see this price in this year for sure if everything goes fine at halving, but we want that is should remain stable for a long time.
633  Bitcoin / Bitcoin Discussion / Re: How is bitcoin most important to you? on: June 14, 2016, 02:42:19 PM
The Bitcoin is not that important to me but it is nice that it allows me to make some extra money. It does not pay my bills but now I can afford to spend some more money per month then before.

Yeah no doubt at a moment the earnings from bitcoin is not too high but it is certainly adding some value to our wealth, so if save it for a long time then we can expect good returns from it.
634  Other / Off-topic / Re: What do you do with your btc? on: June 14, 2016, 02:38:33 PM
Hello btc users! Just interested - how do you spend your BTC bitcoins?
Buy something, trading, maybe just collect and waiting for good price? Smiley
The only thing that you should do with your Bitcoins is to hold on to them so that you can make money with them i the future. Try to sell some from time to time so that you will make some money.

If its allowing you to make some profits then you should sell it on regular basis and again wait for the price drop, earning quick profits from bitcoin is the best thing to do.
635  Bitcoin / Bitcoin Discussion / Re: Bitcoin halving on: June 14, 2016, 02:37:04 PM
i hope that bitcoin price will rise a lot in the near future because of the upcoming halving, this would surely attract a lot of people to bitcoin

That's true, present prise rise has drawn attention of many people towards it, and now they have started to show their interest in investing into it, which is a good sign for bitcoin community.
636  Other / Off-topic / Re: 2016, The Year of Bitcoin? on: June 14, 2016, 02:35:09 PM
No it will be not the year of Bitcoin and that is because you already know that the value was stable for a long time so it have to recover now and that is really nice.
But you can also see now that it becomes a higher value so that is perfect for the people who already have Bitcoin.

I think this is the year of bitcoin as price crossed $700 which never happened in past few years, and we are expecting more higher price at halving, so this is the year of bitcoin.
637  Economy / Speculation / Re: When will this bitcoin will go down? on: June 13, 2016, 01:17:23 PM
The current situation of BTC’s value is really growing high. You can only get predicted answers to your question. As halving is nearing, it may take more time to go down. Lets hope for a high growth always. Cheers..

No one wants to see price drop in bitcoin, everyone wants that price should keep on rising forever which is not possible and price ups and downs will always be part of bitcoin ecosystem.
638  Economy / Economics / Re: Is it better to save money or invest it? on: June 13, 2016, 01:15:34 PM
Is it better to save money in bank or invest it online, in real estate or maybe gold?
Save money now. Bitcoin reach 700$ this day. If you invest it in bank you will gain a very small profit in a year. But if you invest it to bitcoin , you can earn 50% of what you buy

I think now its late to invest in bitcoin as price has reached to a new heights now so this is not the right time to invest in bitcoin, you need to wait for price drop at a moment.
639  Economy / Economics / Re: Do you Still believe in Fiat? on: June 13, 2016, 01:13:30 PM
the answer is obvious , if u never got into the

property cycle or dont have the uber high paying

job or welfare Queen status with Gov supplied housing

or lastly deal drugs,

u would hate Fiat to the  core!

the endless print cycle is a joke  Cheesy


I m always surprise when people say that they don't believe in fiat. i m asking how can it is possible? if we image that our world is not using the fiat currency, so how can we buy anything, i think we are talking about that time when the earth became start. in that time no currency here only people exchange the things with each other and in this way they were living. so if we not believe in fiat so it seem like we are living in the past.   
Yes, fiat is of the primitive form of civilization but I think the guys who do not believe in money, in fact are people who does not have it and criticize current world.

Exactly and to be honest we cannot imagine our lives without the existence of fiat, as it is the most convenient and easiest way for making any purchases as it is used everywhere.
640  Economy / Speculation / Re: bitcoin continuous rising? on: June 13, 2016, 01:11:24 PM
I think NEW people are buying bitcoin and will be holding and there are less big whale holding bitcoin meaning bitcoin is more distributed when compared to 2013. I think this makes the bitcoin price less volatile with more chance on the upside as new investors are buying.
Yes, but the problem is that many of people who are buying expect for increase and many of them will sell their bitcoin if they see price drop.
thats true, people only want the price to go up and never down, they like to make profit as much as possible out of it thus the price might be dumped easily too in the future

i think bitcoin will continue growing for a while right now but it will take some time to reach the new heights, i hope that by the halving we will see at least 4 digit numbers in price

We may see major price dump after the halving, but till then it will keep on moving up, and if you cannot hold it long then you can sell now and make some quick profits.
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