Well there are different reasons why people use cash, or credit cards. For almost as long as there is human race, there was money. In different forms, some in coins and after in paper. People always needed way of paying, and paper was much better than coins of gold and silver. Cash was so long in human hands, and it has its benefits. After advancing of technology new way of paying are made, and we now have credit cards or pay cards. Bitcoin gives new way of paying and holding your money, i guess that bitcoin is future of paying, but for now people are so get used to cash and cards that they can not see full potential of bitcoin.
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Bitcoin is strong, and it is supported by a lot of people all around the world. But to think that bitcoin could be a doom for banks... well i do not know. To be honest banks are very strong too, most of people depend on banks for living, therefor banks will stay in our life for a long long time. What is more possible to happen is that the banks will start dealing with bitcoin and accept bitcoin, that is more possible than bitcoin destroying banks.
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From what i have heard and reed, yes there will be new coin out of bitcoin. But i guess there is nothing to fear. Fork from August 1st has proven that bitcoin is loved and supported by many people all around the world, and therefor it is hard for bitcoin to fail in surviving. Also after fork on 1st of August price of bitcoin has kept rising. I guess it will happen again after this fork in November, after panic sale before that.
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Bitcoin growth again, for two days it's turn back his position 3960$ and continue to grow! Should I go to bank and buy bitcoins?
Don't think too much, bitcoin will never disappoint you in this regard. Bitcoin has proven itself as a reliable investment in the past couple of years, users have a firm belief on it. My advice is to start buying if you have enough funds to buy, and wait for the price to rise high. Don't ever afraid of the fluctuating price of bitcoin because its price is of volatile nature. Stay calm and wait for the best time to sell when your goal is achieved. There"s probably a fork in November and it might happen with the price what already happened before the last fork on August 1st. There was some dip during July but after August 1st the marketcap doubled so after the November fork we may be between 5000 and 10 000 dollars for some time..... before we reach five figures.... I have heard about upcoming fork in November, and honestly i do not know what to think. Fork from August 1st has proven that bitcoin can withstand almost anything, and after the fork price has been rising... which is good. I guess after this fork price will rise again, but i do not think that it will be up to 10000 as you said, maybe somewhere between 5000-6500 dollars. Maybe it would be best to wait for fork, and price drop again, but if i had enough founds i would buy now.
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I do not thing that ICOs are scam. So far i never heard that some one has been scammed. But it would be wise to do a bit of research before investing in anything. I think there are some really good ICOs out there, it is only up to you to find what you want and which is best for you. At the end, i guess the only question is will it succeed or not. Chose wisely.
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I did not believe that bitcoin will recover so fast, knew that it will one day, but not so fast. I thought it will pass at least 2 months before it start recovering. This proves that people support bitcoin a lot, and it proves that bitcoin can survive almost anything. I hope that price will continue to rise, it would be good to see again price of 4500+ dollars.
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Of course Bitcoin will survive this, and everything that is coming. This is only temporary set back if you ask me, because people that can not mine and use bitcoins anymore, they will find alternative way. People will always find alternative way of dealing with bitcoin. Because of that Bitcoin will always survive. Bitcoin is too powerful and too much loved by people all across the world, therefor it will not die so easily.
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If you have money to spare or invest i would suggest that you buy bitcoins now. Why would you buy you may ask? Well first of all, it is always good moment to buy bitcoin, because bitcoin never failed in delivering higher price, and second bitcoin price will continue to rise. Now people has seen that China's ban can not stop bitcoin, and that bitcoin can withstand almost anything. So yes, this is good time to buy.
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I would always suggest to people to buy Ethereum. It has lower price than bitcoin, and it is strong cryptocurrency with decent percentage for earning more money. For people who do not want to buy bitcoin ethereum is second best choice, well at least that is my opinion. Price of coins has started rising again and tat is good for all of us. Buy before price go too high up that is my advice .
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My opinion is that it is always good time for buying, especially now when prices has dropped a bit. In cryptocurrency world there are always ups and downs, there will always be fluctuation in coins price. Most of money can be earned from altcoins, but because of a bit higher price fluctuation, the risk is greater. And when the risk is greater, the gain is greater too. Therefor take a bit more risk, and earn more money .
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I would say that everything starts with an idea. If your idea is good, and when i say good i mean realistic and not some fantasy thing, than you are on good path. After acquiring good idea you must think about how to execute it and does the place you live in needs that. You need to think how much money you need from start and things to come after opening. Basically you need to put everything on paper and really think true it, and when you done that... well think again. If you put risks on minimum that is best you can get, there must be some risks in life.
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Well it is not totally true that China's ban did not bring price of bitcoin below 3500 dollars. In one moment price was near 3000 dollars, but it recovered after sometime. China's ban had quite some impact on bitcoin, but bitcoin is not easily destroyed . I do not believe that bitcoin price will reach 4500 dollars any time soon. It is not impossible, but it will not happen for few months. It would be really good to see bitcoin price above 4500 dollars.
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I think it would be impossible to destroy bitcoin... well maybe not impossible, but near impossible. For bitcoin to be destroyed people need to stop using it. That is almost impossible to happen i guess. But for that to happen, every country on Earth needs to ban bitcoin, and i do not see that coming soon. Other than that, i do not see why would people stop using bitcoin, and i do not see how can bitcoin be destroyed.
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If that happen, it would really mean a lot to a bitcoin and bitcoin users. One of greatest selling sites to accept bitcoin as a way of paying is not a small thing. I think that is a big step for bitcoin, but i hope it will not be its last. It would make me even more happier if more companies, big as Amazon start accepting bitcoin. First time i was this happy, it was when i have seen that Steam accept bitcoin as a way of paying. Go go Bitcoin!
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Hello sir, I would like to join this campaign if possible. I have set avatar, signature and personal message. Bitcoin Talk Name: Eternu Bitcoin Talk Profile: https://bitcointalk.org/index.php?action=profile;u=839940Rank: Sr. Member Post Count (including this post): 854 BTC Address: 1NgjqnGRdXQ1AijcVSpHQuTAqink57ANDL
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Well as we all can see, this news about China ban is affecting bitcoin and altcoins as well. Drop in bitcoin price was and expected thing after so important news. Most of new bitcoin holders had been afraid of loss, and therefor they had start panic selling, which led to even greater price drop. But i think there is nothing that bitcoin and its users can not overcome. As we can see bitcoin price is recovering, slowly yes, but recovering. Maybe it will come to some steady rate and stay there for some time. Only time will tell...
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Taxi ride paid in bitcoins... hmm that sounds interesting i must say. To be able to pay taxi ride in bitcoin would be good thing to have in city or country. I think that would improve taxi companies income. I know that there are not many people that use bitcoin day to day, yet alone taxi companies, but it is not impossible. I guess maybe one day it will happen, and we will be able to pay for taxi ride in bitcoins.
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Well yes, bitcoin is interesting thing and good way of earning money on the side, why would not it be on a global scale. But i am not sure if we could call it global currency yet. There are somethings that bitcoin needs to do before it becomes global currency. So far bitcoin has been growing fast, and i am happy because of it. The more people know about bitcoin the more we can use it. Maybe one day we will see bitcoin as global currency, but honestly i doubt it.
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Bitcoin is good way of getting money, and for some people and on some way it is easier. But i do not think that you should quit your job because of bitcoin. Best thing person can do is work and earn bitcoins. Bitcoin does not need your full time attention, no matter how much you earn from it. So therefor do your job get money from it, and get more money on the side from bitcoin.
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I think that could be possible, yes. But for you to buy an island with bitcoins, first somethings needs to be possible. There should be a government which possess island, and accept bitcoin as way of paying. Second you need to have enough bitcoins. If that requirements at meet, it should be no problem for a person to buy an island. I must say that, that would be a thing to see or read about.
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