Bitcoin is much easier to divide than gold is. Gold was also used as currency for thousands of years. Many countries and civilizations used gold coins as their currency. Bitcoin can be used just like gold was as a currency in the past.
its better to treat gold as an asset and respect what it is, use it in jewelry and to add a look of class and luxury to products. Treating it as a currency rather than an asset might be a really weird thing to do, it'd be like doing the same shit and going back in time. Time for digitization, speed and user friendly currency. Bitcoin exceeds my expectations regarding that  |
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Scarcity and near-instant transactions are also considered a prime reason for bitcoin's most highlighted advantages, that's amazing. I have always liked bitcoin for respecting privacy and maintaining anonymity. Of course there are a lot of advantages, all that pros and cons whatever, but I support it mainly for the idea of a decentralized currency, the digitization of an analog world.
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you just have to make sure you're buying when everyone is selling. then hold it for as long as you can. that's how i do it. so i don't have to worry about i'm too late with buying.
in this early stage of bitcoin is nothing like "too late with buying". we all are early adopters and for long term simply doesn't matter, if you will buy at 248USD or 281USD.. Long term how your sure it will go up very high price. It was 1000+ and came this level within a short period. Unless more business start accepting bitcoin prices will not move much. The price increase of bitcoin depends on more factors than just acceptance of service providers, there are many things the price depends on. The vision bitcoin portrays you to imagine is a future where the price of bitcoin would not be something anybody cares about, because things are bought and sold at btc, nobody wants fiat as much as they do now. |
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I'm not sure I would class some of those countries as 'major' ... but there is a general sense now that bitcoins are leaving the USA, and at an accelerating rate.
You are correcct. It has not spread across a lot of countries. But not all the major countries , cant say that. But it has become a little more reputed now. I hope it becomes more popular and spreads across the whole globe so that all people can witness its brilliance and promising future plans. Even if a person lives at some part of the world where he cannot have internet or something, it doesn't matter. Even with modest SMS messaging on your basic phone, you can transact business globally. You are the bank. Buy, sell and trade worldwide, with no banking fees. No car, debit card or ID required. Like a boss  So all the people saying that bitcoin cannot be reached into third world countries because they don't have the appropriate infrastructure, they just need knowledge about it and a social offering by a trading company which should take it as an opportunity of business to help people without smartphones set up their wallets and then give them access through basic sms phones. A Yes they need a devices that can have a wallet so that they can stored they coins, but i think third world country can't adopt bitcoin right now maybe some day. There is a huge market out there for so many wallet companies and for so many companies which are bitcoin enthusiasts, they should take some real developement measures to gain this audience and benefit from the rise. Better marketing will lead to smarter adoption bringing in much revenue. It is an advantage for all the bitcoin users so we should support such a cause. Yeah we all know that company with a business with bitcoin are do things that can affect the growth rate of annual income of their company, Yes company are so very enthusiastic with bitcoin, but some of company do bad things to earn bitcoin, so we can say that we can't depend on company. There are service providers which might notice an annual increase in their sales if they include bitcoin as a payment gateway, the more use and trade of btc increases thereby increasing price of btc in the market, the price of btc which they receive in exchange of providing these services also increase, at the same time. Thus, they end up making as much money as much as they accept it  |
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I think when bitcoin price become stable and there are many shop that accept bitcoin, then people will prefer to use bitcoin instead of fiat. Although world governments wont recognize bitcoin as a official currency, people still could using that.
yeah, only mass adoption can trigger vendors and sllers to accept bitcoin, and bitcoin is already accepted by many governments, even promoted by a few but not at a large level. There are different laws because of democratic countries having different opinions, etc. Bitcoin is also treated as an official currency, but that's rare. If a lot of people support it, no govt can eradicate it, simple |
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I do, when bitcoin price is 1000$ LOL
Honestly, I still being a student in an university but I focused with bitcoin.. It quite nice
The price of bitcoin wouldn't matter as much as its value, once the world is really prepared for a digital currency. I've read from a lot of entrepreneurs that salary kills the opportunity of making money you dream about, because you fuel somebody else's dreams working hard on their projects. I guess that's just the way to go, huh? Maybe salary jobs for you to learn and gain experience, but always aim to be independent. |
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The btc-e has existed for half a decade and I've used it from the past 3 years, I have never encounterred any problem, there has been bugs sometimes but they are fixed soon. Never encountered there website to be down or something, they provide anonymity and respect regulations, I appreciate that. With creating a monopoly in this field, they obviously score an upper hand compared to the competition but still, there is competition out there.
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The precedent that Greece abandoning the Euro sets would be devastating. It means that Germany or France could do so if they ever pleased, and the possibility of that happening would place the Euro in a lot of trouble.
Why wouldn't they go, they saw a country in the same euro group fall to its knees, despite making promises to return what it was. There is no way better for these countries, with all the drama that is happening, this is the best time for them. All other countries will leave, it will leave Eurozone worthless, and I think Greece knows that and they are making excellent advantage about that as well as the importance of their geographical location, which Eurozone values immensely. |
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I was wondering if there actually is a good source to 'measure' Bitcoin popularity and to figure out at what kind of rate new users are coming in approximately?
Have not yet seen any figures that I would trust.
Determining such a number is not yet so easy, limiting us to work with very few options. Even with the help of statistics, its accuracy is still something which we need to figure out from every individual. The best way to know how many people are using bitcoins is having at he mass survey, or ask them personally about a vote-down, etc. So what is your final choice anyway? |
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I believe entrepreneurship is something which is as exciting as it sounds, I have always been attracted to that work. I want to be a cryptocurrency entrepreneur and advise people here to choose to do the same. If you have an investment as much as 2 btc, invest it into a project you truly believe in, work hard and earn great profit. It is not as easy it sounds, but honestly not really hard either.
basically what your saying to him is correct but just want to say that , never put all your investments into one project even if it's your own project as this happened to me and I had to start from 0 again since my project turned out to be a failure rather than a success Honestly, 2 btc is not at all enough for a real project, never sacrifice with something you really find potential in, give it all the air to breath and let it be financially stable even if you have to fund personally. The best way I seem is to receive funding in exchange of equity. Calculated risks and sacrifices, it'll be worth it in the end! 2 btc might be pretty okay to work on a very little project but not enough to have big project like having an alt coin or running a signature campaign, or opening a debit card service, etc. I find these services pretty common now and I am waiting for bitcoin enthusiasts to make awesome kind of money by making creative bitcoin apps which integrate bitcoins with the reality, connecting both of them together at a base point- in the palm of a user's hands. |
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Bitcoin is slowly making an impact on some people in my country, we have a local Facebook group with about 4,000 people in it. Our local Bitcoin market (surbitcoin.com) is one of the most important bitcoin markets in south america (by BTC volume). Lot's of people are investing or buying bitcoins with their savings so they don't get devaluated by inflation, (Inflation is about 150% from January to July) think about this for a second, our inflation rate went up by 150% in seven months...
*lol* 150 percent? Oo That actually is worse than bitcoin. I guess we have found a country where bitcoin can be seen as a safe investment. *lol* If the inflation is really that high then bitcoin really is an alternative and it would be easy to convince people. Though on the other hand, they could buy foreign currencies too and these would be even more stable than bitcoins. You may not be able to buy foreign currencies that easy. There can be prohibitive spreads, and fiddling with foreign currency may be frowned upon by the government. Not that Bitcoin would be much different in the latter aspect, but at least you have a chance (to escape the Big Brother going after you)... Getting your hands on foreign currency is not as easy as it might sound like, the government is very suspicious about money going in and out of the country, such events are usually monitored way too often. The very reason why bitcoin is disliked by govts is because they cannot track what and how much money is coming and going in from the country, because privacy baby. |
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Well my prediction is that Bitcoin is definitely the technology of the future and it will be heavily used in the future. Price is stable at the moment and I think the price will just be going up.
There are many obstacles though: We are not enough together, look at the block size debate, this shouldn't take this long. Bitcoin innovation and implementation is way to conservative, again look at block size debate. 80% of mining is located in China and this worries me. Also 80% of Bitcoin trade is in Yuan, this worries me as well.
China has a very large responsibility to be attached with in the bitcoin community because most of the users there are very active there and hold big btc accounts. Those people who are anonymous, do have control of the bitcoin market and I find them comfortable and not so scary for compromising the market with their pumps and their dumps, and I don't know if I should talk about this or nah but China is weird. Its weird as fuck. |
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If we create games for kids in which prize winning in BTC, so that kids should be teached about Bitcoins, Simply And also it will create a great interest about Bitcoins for Childrens There are already a lot of games in the market which help students understand bicoin as well as play games regarding it. There is often heard that such games are getting very popular on app markets and pay stores, one of them is a parody version of flappy bird in which you are supposed to play in order to save more btc. The person who gets his name on highscore get paid in btc |
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You are really started to get on my nerves now, bro. Why do you not shut up when you have nothing better to say? If punishments are not legal and according to your psychology, karma will settle its deeds with me, awesome. Greece will say the same to eurozone that their debts will be settled by karma. The taxes Miracal was talking about, were the taxes government implies on bitcoin, you have no idea what capital gains mean and anything about economy, yet you lie about comparing taxes and shit. Grow up dude, its 2k15.
Why should I lie to you? Let me explain this, I just tell you what I have heard and read, so you can refute my opinion with your opinion too, so you all could teach me what you know with your knowledge. It sounds you're an expert in economy. Good luck! Don't worry falconer, go prove him wrong and reply back with your theory, research and study of your theory in which you compared taxes. The best way to shut up somebody is to prove them wrong, but it might get a little a little too time consuming so I hope you hurry up soon. Meanwhile me and grebit will just wait somewhere, nearby this thread |
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Glad, I found this thread. Signature campaigns sound like one of the best ways to earn, just got on board with one after reading this thread. I've been investing with a dice site too for about a month so far with decent results.
it might sound like a good way of earning money, but I don't find it as reliable as people put confidence in themselves that they would commit to it, as compared to working in an office which puts a pressure on people and forces them to work harder, despite already being of working harder. Signature campaigns are cool, man, just know you read all the rules and regulations before you decide to do something stupid |
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This question is like asking if I am a mammal or a human being, when both of the answers lead to the same conclusion that I am a human and also that I am a mammal, and both of these facts compliment each other but do not guarantee any of it. Similar are bitcoin and block chain technology, both are entirely different, a little similar to each other but their relationship is far more complicated.
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I think this whole " Bitcoin is dead " idea was started on the time that bitcoin suddenly drop a lot in terms of value and everybody else thought its the end already
Yeah news and media have played a major role behind this. News had negative impact on the mindsets of the people that bitcoin is dead, but that is not true, and prices went down so rapidly that people started to believe that it is an end of bitcoins. exactly , unfortunately for the media , each one of them are in a constant to break a news that no body else has and when one does , the others just follow and spread the news and this is what happened here Most of the news on the social media is about celebrities, the other news is often so click-bait, and once we open them, we found ourselves drifting in entertainment again. Its bad, what social media and online news has become. If something terrible happens, the last thing internet does is write a petition and aims to sue somebody, or find a way to crowdfund money for the social cause. |
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I will take 50% of both as that will give you a well balanced investment. Especially with so much troubles in Europe and elsewhere. People are looking for ways to store their value elsewhere instead of banks.
50% of both is not good option better invest in some other ways also like property and stock exchange its give you good return or your investment If there is any option ever to diversify your investments and possibly 2 of them being bitcoints and gold, shut up and take it. Its the most profitable deal in the long term, you need to look at it from a broader perspective. One's losing potential while one rapidly gains it, bitcoin and gold make the best pair for an investment deal. Both markets are running differently and there's a lot going on. A lot going on is a good thing, in markets. |
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i lost 10BTC in bitcoincloudservices , 2 BTC in grmining ,1BTC in cointellext , 0.4 in hashprofit.com
I am not sure if I am putting this in the right section. Anyway, what are some of your guys biggest bitcoin losses? Did many people here loss everything with Mtcox? For me it is online casinos. I do have a moderate gambling habit so it was bound to happen.  I lost bitcoin trying to earn some. Concretely I paid some bitcoin to buy hash power in a cloud mining site. I had earnings for two weeks and then bought again hash power (big error because I must earn firstly the bitcoin that has spent) and that week the cloud mining site was hacked (that's the story the owners told) and all my bitcoin get lost. That is exactly what happened to me, actually. I lost $80 to this "cloudminr" site and they claimed they got "hacked". So many of these ponzi schemes are pushed and they always crash. Pays to know, though. Everytime we discuss losing bitcoins and scamming is in the conversation, I always hear cloudmining way too often. The cloud mining industry fucked things up for bitcoin so bad, even affecting the minds and believe of bitcoin users when they invest their btc into a cloud mining product and end up getting scammed so badly, most of them losing half of their total savings. That's why I keep my personal money different. |
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^^^ this.
And one more: it is hard to learn. People have no "time" to learn new things and they dont see real advantages in bitcoin. The fact that we see them, isnt enough; we need the masses if we want bitcoin as a huge market.
Nothing is hard to learn, with perseverance and will to learn, nothing is really hard to learn. Humans have been learning since they were apes, they have taken control of their bodies and evolved in order to suit their environments. Humans havebeen accustomed to change all the time, after all, the only thing inevitable in this world is change. I am sure people will evolve economically, and bitcoin is the victory line here. |
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