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The complete existence of the XT project and disagreement of the bitcoin heads had made a lot of people question the future of bitcoin, and If media hypes up something like this, it could damage the already tarnished image of btc and also question its authenticity, which is the last thing bitcoin needs, because it will create a huge hurdle for btc to gain adoption, when people are already associating it with crime and money laundering
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I think the big whales might be in control of such exchanges and therefore, have control over the market too with their fake crashes, etc. And a single man handling a whole exchange, as realistic as it may sound, might actually exist. You never know how hard people actually really work on such projects, I've met a man who has a team of 2 and handles such a venture  |
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Right now, I would DEFINITELY spend more Bitcoins if I could purchase more things I actually needed rather than simply use them to benefit the market.
absofuckinglutely. i don't want or need geek stuff, computer stuff, intangibles, or 99% of the stuff that's currently being hawked for BTC. i want regular gold-toe socks, levi 501s, soap, generic aspirin and other OTC meds, herbal supplements, bulk-pak food staples reasonably competitive with wal-mart, some guy to clean out my gutters, booze, movie rentals (on-line or redbox), and all the rest of it. pretty accurate, and that could only happen with more adoption and if people accept bitcoin for their services and their products, then people won't mind spending their btc, not everybody puts in cold storage and plans to take it out after 20 years, lol those bedroom billionaire dreams |
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I spend way too much on eating out and coffee. I spend about $2.00 on coffee everyday - that's $40/month, nearly $500 each year.
I also buy lunch frequently, nearly $5k every year on dining out that's crazy if you think about it in big sums.
large expenditures, it is the habit of the American people, it is difficult to remove the habit I think this is what most will struggle with and cant get rid of. A habit of spending when they cant afford it because of the need of what we "dont have". But if we can break the habit I think most people would be okay, and retire sooner then never. I hold media responsible for that, people see each other on instragram and youtube with good clothes and costly tech and cars, and they think they need that as much as they believe they do, but in fact they don't. Nobody needs them gold chains or Jordans, and if you make coffee yourself rather than having starbucks, great money saving right there  |
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Bitcoin is too unreliable to be treated as retirement investment. Price is too volatile, uncertain future with bitcoin status in some countries, internal bitcoin wars over nodes and so on.
I would not bet that bitcoin will be saving my ass when I will be old. Instead invest in gold, silver, real estate market and other 'real' items.
Haha, volatility issues have existed regarding bitcoin from the time it came around, it was the reason people were attracted to it and now people despise it, because its going the wrong direction they expected it to  A lot of countries have modified their laws in terms for bitcoin to grow, a recent example woul be Australia. Knowing about the disagreement and launch of the XT project, I have a little fear too now. |
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I am sorry but I think you are mistaken, it is not racism being the reason why bank transfers are high. Don't think africa as a black country, africa is pretty big bro. The very reason why transaction costs are high is because the country itself charges that amount from its people, it then treats this transaction fees as a tax and uses the money they receive for whatever they do. The govt does that because they need more money as tax, not because they black It is still a discrimination, black-on-black is also a discrimination, not necessarly a racist one ,but some other sort. The point I was trying to make is that bitcoin doesn't discriminate you in any shape or form: no racial,no sexual, no religious, certainly no political, and no other type of discrimination is here, so it's the ultimate form of financial liberty in my opinion. After all discrimination is a pretty big issue nowadays, yet nobody realizes that their own currency is their biggest enemy. setting the drama apart, I think people don't want change, and they're rather scared of it. On the other hand, people who buy btc only buy it to make a good profit, very few want to nurture btc and help it grow to the potential beast it can be. The community needs to be stronger and people need to believe what they say, not just write because they are part of a sig camp I don't think this is a good idea, given that even the lead developers of Bitcoin (those two) seem not to care too much for the future of it but more concerned with bolstering their egos. That simply wouldn't be wise... Practice what you preach The bitcoin XT project makes me wonder the future of bitcoin too, honestly and it won't be wise to see same currency split into two, because in long term, it would destroy the authenticity of bitcoin. I hope things settle down soon, I am more concerned about adoption and try my best to talk about it on the usual, and most of my work is related to crypto. I practice what I preach and achieve what I reach :* |
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i'll try investing 30% of my salary from my day job and see how it work
my problem now is where to invest?
I`m trying to do this as well. but its so much harder then most people think. esp when your wage is small as it is, everything adds up and nothing is left really to save. I sometimes have to consider what my odds are.. to even see this happen anytime soon most likely not for super long time. I made good profit investing when the price came real low, and when people got scared and rather sold their investments, I made money off it In terms of investing capital from your wage, you must know that a salary limits you and your dreams, your success is only limited and priced, and you work hard to fuel the dreams of your boss. Learn as much as you can working for someone for 5 years or less, then its time to work your own ventures |
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I am sorry but I think you are mistaken, it is not racism being the reason why bank transfers are high. Don't think africa as a black country, africa is pretty big bro. The very reason why transaction costs are high is because the country itself charges that amount from its people, it then treats this transaction fees as a tax and uses the money they receive for whatever they do. The govt does that because they need more money as tax, not because they black It is still a discrimination, black-on-black is also a discrimination, not necessarly a racist one ,but some other sort. The point I was trying to make is that bitcoin doesn't discriminate you in any shape or form: no racial,no sexual, no religious, certainly no political, and no other type of discrimination is here, so it's the ultimate form of financial liberty in my opinion. After all discrimination is a pretty big issue nowadays, yet nobody realizes that their own currency is their biggest enemy. setting the drama apart, I think people don't want change, and they're rather scared of it. On the other hand, people who buy btc only buy it to make a good profit, very few want to nurture btc and help it grow to the potential beast it can be. The community needs to be stronger and people need to believe what they say, not just write because they are part of a sig camp |
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You can always keep some Bitcoins, if price will go up.  I do not think, that BTC price can go back to 1000 USD/BTC, because BTC mining farms worldwide are working hard prices are decided on the basis of supply and demand. If supply is more than prices drop. And if supply is less than prices are increased. So whales manipulate the market by creating fake sell orders and buy orders. the result of this act decides the price generally in their favor, followed by the panic of the people. Most people get scared that btc will be going down and cash out, while some strong headed peeps decide to buy it considering it a good time to buy. I made nice profit by buying more coins when people claimed btc is crashing, they sold their assets while I added more to mine. You gotta trust your investment come on guys |
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I'm always confused that markets are just looking for a sign of hope that maybe some party will "possibly" lend more money to a broke and insolvent country.
It's crazy to me that Greece willingly put its land into an escrow account so that they could be loaned money to pay back the countries that loaned them that same money. They basically sold their own country so that Europe could print more money and pay itself back.  I think Greece is smarter than that, they made the choice knowing how important their geographical location is, so they would never be overthrown, because they've made allies. If US and Russia war takes place, Greece's location will play a significant role in it. Also, when they became a part of that eurozone, they knew their importance and if they leave the EuroZone, soon there will be none left so Euro won't really kick Greece out either |
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Great news! Hope it can replace some currencies in the future. Maybe bitcoin can be what it use to be again.
Bitcoin never stopped being "what it used to be." It makes me sad when people gauge the quality of Bitcoin by the price speculators set. Get accustomed to the classic bullshit of newbies who have no knowledge about what the technology is, believe that they can be millionaires one day by buying 1 btc and they gradually either end losing it all up on gambling, then come back here as trolls and call btc a hoax, cry and say 'told you so' every time there is a slight btc crash. Classic bullshit of newbies |
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I don't know if this is a good place to have a unbiased opinion.
This forum is full of bitcoin enthusiasts so they will be more prone to be buyers.
that is very true, but first you need to do a little self analysis and understand what you truly desire from bitcoin. If you are looking for a little profit, I think you should have bought btc when it had a major dump yesterday, its going up again now. If you are looking for long term profit, buy it soon and don't really cash it out. I believe that in future, you wouldn't feel the need to cash it out, you will be buying things with the same btc, only you will receive much more value than you do now. |
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Buy green land and BTC.I earn 2300 Euro per month.I spend 400 Euro for rent, 150 Euro for transportation, 400 Euro for nutrition and 150 Euro for entertainment and other.So I have got 1200 Euro to save.
I try to invest in BTC , stock market and cash.When we reach a pre defined amount I buy a greenland or sometimes an estate.
I also have 2.000 Euro woth gold at home.I do not have cent at any bank.
1100 euro permonth ? really big your expense  i think property is good for long-term investment If people actually bought bitcoins with all the 'savings' they make from their expenses, there would be so much of trade and bitocin would boost rocket high. unfortunately, people just need something to talk about or brag and lie, maybe hoping to write and get money from their sig campaigns or whatever, a person who really buys btc and understands bitcoin, doesn't keep whining about it. |
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yes, bitcoin aims to provide a platform where everybody from rich to poor people from diverse countries pay fixed amount of fees (or slightly different) when transacting bitcoins, people who are benefiting from the bank rates should consider them lucky and make choices which benefit them, but I noticed a lot of people are unhappy with financial institutions, its better to be your own bank Yep, fiat money is the ultimate form of discrimination, even though our great leaders are trying to eliminate discrimination, they somehow forget about fiat money always. Like how racially discriminative is for black people if they are discriminated when they send transactions from africa to other countries, you pay ultra high fees and you get triple checked (racial profiling?) in your transaction. The same with gold, i bet the same discrimination goes on when they try to move out gold from african countries. Bitcoin is the ultimate form of liberty, no discrimination is happening here, everyone is treated equally, and everyone has the same equal chance at getting rich here. I am sorry but I think you are mistaken, it is not racism being the reason why bank transfers are high. Don't think africa as a black country, africa is pretty big bro. The very reason why transaction costs are high is because the country itself charges that amount from its people, it then treats this transaction fees as a tax and uses the money they receive for whatever they do. The govt does that because they need more money as tax, not because they black |
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Im very intersting with bitcoin technology, i have more dream in bitcoin like i have big exchanger, big e-comercy service also i have good site like coindesk i will quit from my job soon I think it would be the most profitable if you start your ventures in fields which are not yet explored. There are a lot of exchange services, coindisk similar websites.. You should try creating something which allow you to have monopoly. The very reason behind bitcoin's success is that it has monopoly, so despite different coins being creater, nothing has really competed with bitcoin yet.Well make something that allow you to have monopoly is a hard way, which you have to something new or innovated thing. It means your product is not necessarily favored by people although you dont have any rival yet. Yeah, having monopoly with a product which makes it efficient and innovative is the hardest, having a brilliant idea is the hardest. It serves as an asset later, makes advertising and marketing easy, people promote it for no cost, authentic organic people view your product and that's how you create monopoly. Getting rich is easy, having a brilliant idea to make you rich is the tough part. |
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The launch of Bitcoin XT is the very reason why the price went down, more than 10% of the network shifted from btc to btc xt in under 72 hours, causing crash. The btc xt is growing to be a separate currency now and I think there are more cons to it than the pro, its effect on market s pretty negative. It increases the 1mb blocks to 8mb blocks for more capacity, being the very reason why btc software doesn't support it making it an individual currency.
You mean to say now bitcoins don't have any future? Need to sell and shift to bitcoin XT? I mean to say that ofcourse, the capacity needed to be expanded but the division of two separate entities is killing the authenticity of the currency, I think the Btc XT project should be modified or killed asap, it is not benefiting the community on a micro level, and I believe bitcoins do have a future, and I will never sell and shift to anything else, to hell with the XT bullshit. btc all the way. and why many are selling their bitcoin, so bitcoin price to go down, that means many are beginning to be afraid to use bitcoin, and switch pro xt ? Whales were involved, there were major dumpings worth 25 million dollars (approx) and that was moments before bitcoin XT was officially announced. People in market got scared watching this and panicked, and just after they see 3 whales dumping their btc, they dumped theirs too. I don't think the XT vs core battle will take place, because if it does, I'm uncertain about btc's future. |
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The launch of Bitcoin XT is the very reason why the price went down, more than 10% of the network shifted from btc to btc xt in under 72 hours, causing crash. The btc xt is growing to be a separate currency now and I think there are more cons to it than the pro, its effect on market s pretty negative. It increases the 1mb blocks to 8mb blocks for more capacity, being the very reason why btc software doesn't support it making it an individual currency.
You mean to say now bitcoins don't have any future? Need to sell and shift to bitcoin XT? I mean to say that ofcourse, the capacity needed to be expanded but the division of two separate entities is killing the authenticity of the currency, I think the Btc XT project should be modified or killed asap, it is not benefiting the community on a micro level, and I believe bitcoins do have a future, and I will never sell and shift to anything else, to hell with the XT bullshit. btc all the way. |
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The price crash has happened because there have been several rumors about bitcoin about to be banned in New york exchange, etc. Also there have been dumpings by whales, transactions worth 25 million or maybe more. The bitcoin market has accustomed such crashes and its no big deal now, Its an awesome time to invest and I am in talks with an influential individual to purchase coins with me Strange how we keep hearing that as the price of bitcoin continues to go lower and lower. Goes well with "this the bottom, buy now its the end of cheap coins" I think we'll <$100 sooner or later. Yes it may go to double digits soon because bitcoin prices are controlled by any government or big institution. So insiders can do all these manipulations such nah. study the markets, there are a lot of btc trades going on constantly, they might be able to manipulate markets but once btc goes anywhere below 150$, people will leave and that isn't good for such insiders. The whales won't manipulate the market in such a way. Also, the price fall has happened due to bitcoin Xt. Google about it, I think the project needs to be killed asap or the btc will be divided into 2 parts |
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I think bitcoin will have similar effects like how we wanted to pass the marajuana law for the state level and for federal.
Its going through it now, while it takes so many years for acceptance that eventually a couple states consider it legal. I think bitcoin will be the same for a similar or faster process depending on the public.
the very reason it takes time to pass such laws is because it directly affects lives of thousands of individuals, so either they expand details for better decision making or laze out and vote in at the end, providing results which we noticed in terms of marijuana. Speaking about mari J, I think US will legalize it completely because the reports are out now, it does more good than what the reports stated, it actually cures cancer. The only damage you can get from mari J is if you smoke it, because well, smoking is harmful. Bake cookies with mari J, guys :* |
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I think real stability (where the price of bitcoin does not fluctuate more than a percentage point or 2 per year) is still years away. Bitcoin cannot stabilise and grow rapidly at the same time that's a contradiction in terms.
that kind of stability is not years away, but light years away. people will use bitcoin more and more to pay for things. most of these coins get sold nearly instantly. there is and will always be pressure on the price. yeah transactions may increase, but just know that its still used for gambling mainly. if you see 90% of the transactions its going to a dice site for gambling lol. there was a coindesk article on this in 2013ish? not sure if I can find it again.. reason being that gambling world displayed most acceptance to btc when it first came in, and thus they got associated becoming more popular, mostly gamblers becoming new btc users and new btc users trying to gamble The business was benefiting both parties and hence, there were more transactions limited to gambling only, but the market has expanded and I think the numbers might have dropped significantly. |
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