Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
yes it will but in short percentage. bitcoin is very famous now compare to others. in trading they prepfer to use bitcoin as main currency to exchange it for altcoins. In my opinion Etherium, doge and golem is the stronggest altcoin that have big chance to be famous as bitcoin. But I think no one of them that can replace bitcoin as the number one currency. Also the chance is very small. |
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What are the chances of living in a world with no actual money ?  Living in a world with no actual money and only use digital currency is really good and better. The biggest advantage of cashless society is that keeping track of economic transaction through digital mode help to control back practices. So the number crime activity will be decrease. |
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All investments are risky. But people can not guarantee against this. Most people are undermining greed. Those who cheat take advantage of human greed. You can not trust a man to give you a favorable condition. Only use proven resources and the risk of losing money is minimal.
We can minimize the risk of every investment if we have enough knowledge and keep learning. One more important thing is do not lost your key. Only store bitcoin in lomg term is the safest investment of bitcoin. I sure that the price of bitcoin will keep increase because the demand is always higher and higher. |
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Your probably, looking for the signature campaogns. The earn from it is not that big but it can give steady income. I thinlk that would the best job that would fit you. It will not really be a wise way of living but having that job will give extra income. But doing yhia will not free you from responsibility. You have to exert effort and be consistent on doinh the requirements. It will give you steady income but it wouls require you more also.
Not only signature campaign, we also can get steady income in form of Bitcoin by get a job in company - related bitcoin. Of course we must have a skill. Companies such as bits of gold or blockchain are give the option to the employees to get paid in bitcoin. |
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I think because bitcoin is more profitable, with bitcoin we are able to make money and earn decent income to meet the cost of our lives.
Yes, even the volatility of Bitcoin is gives a lot of chance for trader to gain proofit. Also the number of merchants that accept bitcoin is keep increasing. I am sure at least that someday there is a cashless country. Using Bitcoin is better than using cash because the transactions of Bitcoin is transparent so it will reduce some crime activity. |
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I hope in future we no need paper money and credit cards anymore, just only payment prog in phones
This would not be possible because not all countries has a good infrastructures, the government care about the people and they cannot sacrifice the needs of the poor just to run a cashless government. What I see in the future is there will be more options to transact and that includes digital currency created by the government and bitcoin will progress, with that progress paper money will slowly to be lessen especially when people are willing to adopt with the new trend. Yes, people will reduce the paper money usage. In the past, Paper money was only a representation of gold. My opinion is paper money will be unused because probably people will use coin for small transaction and use digital currency or gold for big transaction. Paper money is not appropriate for the future. |
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What are the things to do to succeed in trade? What are you doing to make your business bigger?
How can we make more money?
If you want to succeed in trade, you have to keep learn. I suggest to novice trader to only trade bitcoin - fiat. There is no official bitcoin exchange. Choose the right exchange site with high liquidity and good market depth. Bitfinex is good for trade bitcoin - usd with about 25000 bitcoin traded per day. |
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I just always wonder if those billionaires still invest in btc. Do they even know btc exist?
Yes, they now about bitcoin. Most of them are long time player in the bitcoin scene. When most of people laughed about their decision, but now their wealth is increase a lot. One of them own 30.000 btc. I am sure there are another billionaires that set to invest in bitcoin. |
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Panic selling will not just happen all of a sudden but when there is information that negative things will happen in the nearest future is only such a thing that can course panic selling. Just lile what happened in August 2017. Also worthy of note, a single individuals panic sell has no serous effects on the market and if it eventually happen sooner or later the market will bounce back.
but I think with the passage of time the mind of the people is now changing about bitcoin and they are not going to sell bitcoin in panic condition. Panic selling will still happen because most of Bitcoin users are traders. They will sell bitcoin to get profit and when the bitcoin price goes down they will buy it again, even though they have to do cut loss to be able to buy bitcoin at low prices. This is more appropriately called opportunity selling. |
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You can invest in some new coins and hope their value go TO THE MOON. Invest small amount of money and you might be suprised with the profit
Most of new altcoin prices will pump after get into famous exchange site. But don't miss the right to sell/convert it into btc again because usually the altcoin will be dump because the trader will take a profit. The biggest enemy of the trader is greed. |
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Risk to invest at bitcoin it's always increase and decrease in one day because we don't know A definite number of risks and no way of knowing what will happen tomorrow
Bitcoin is really depends on public acceptance. If any large economy ban bitcoin the price will collapse. This is the risk of Bitcoin investment. But it also a chance to buy bitcoin in the lower price. I am sure that bitcoin price will go up again because it's useful technology, it's better than fiat and also it such as economy driver, all people will need to use bitcoin in the future. |
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Not so. Buying bitcoin is a nice because many big man a.k.a (whales) saying that the price of bitcoin at the end of this year would become $10,000 ?? Is it possible. For me it's possible because there's nothing imposible in crypto world. Making us from poor to rich
Yes, it's not too late because bitcoin still can be mined. Bitcoin has limitations on the maximum amount, if Bitcoin reach the maximum amount the demand of it will significantly increase so the price is still potentially rise too. Most of Bitcoin users are trader so the fluctuations of Bitcoin price will frequently happen. |
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How to make more money? For me many people now are doing business to make more money or to keep their money high for their financial . that is the one thing that i know . but in bitcoin if u want a high profit just invest your bitcoin . and be patience to earn .  We have to be patience to earn more money, most of us are fail to earn money because of greed. We also need to gaining knowledge by get more information, if we have enough knowledge we will know what we have to do to get more money. For example a person who know about bitcoin is different from person who don't know about it. |
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Bitcoin does not reduce unemployment .. but bitcoin provides income to those who want to invest .. we can earn money from bitcoin without working. You just keep it in a long time. Probably because they work online they can not be said to be working real.
Bitcoin reduces unemployment indirectly, a lot of jobs are created because of Bitcoin, companies such as blockchain, blockstream, bitpay and other bitcoin-related companies will open many job openings for programmers or other. Probably most people earn bitcoin because of their own business such as trading or other investments. |
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Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?
If bitcoin became a legal currency, it will be good for people and country. Legal business will gaining more profit, local innovation in this scope will be create and driving bitcoin trade on the black market will be easier to manage and control. |
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We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?
I think it's more difficult to corrupt if the money is in the form of Bitcoin, because the bitcoin transaction is transparent and can be seen by the public. So we can know to which address the money is sent. If we are still using paper money then we will be more difficult to trace the transaction. Because most of transactions using fiat are not recorded. |
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Of course bitcoin can improve a country, if in the country there are bitcoin users who have characteristics to build.
Yes, I agree with you, the more users bitcoin in the country, the greater the chance of being able to improve the economy in this country.
Bitcoin is gives a lot of positive effects to the country, for example Germany officially categorizing bitcoin as accounting unit, have gained more influence on the development of Bitcoin in Germany and earned another source of tax revenue. And also bitcoin is such as economy driver that makes a lot of new bitcoin related company was created. |
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Bitcoin is helping bad people to doo more crime.Since transactions is not handle by anyone so crimes are happening.Also we can't use bitcoin anywhere.I need to convert btc to fiat first.Slow transaction is another problem I guess.It's killing my valuable time.
Sorry but I disagree with you, the transaction of Bitcoin is transparent and recorded, so Bitcoin will reduce the crime activity. We can use bitcoin at the place that accept it, what we only need is find it. I think the biggest disadvantage of Bitcoin is the volatility, but it is one of the properties of the new currency with relatively low liquidity. As this currency gets more and more accepted by the public, the wild price movement will be less frequent. |
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Actually by using Bitcoin then some crime can be reduced, cash will continue to be the preferred medium for criminal activity as it is more difficult to trace. All Bitcoin transactions are recorded and publicly viewable. Only the identity of transactions that can not be seen but still can be obtained with little effort.
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Why people should use bitcoin, because it is easy to send and receive money from all over the world, no need for iban no need to pay additional fees to the bank so it made our life easier.
yes i agree on that it is more easeir than any other types bof payment and it is more secure than putting our cash in a wallet.there are manny advantages on using it. Yes, people should use Bitcoin because it has so many advantages. Bitcoin also gives positive impact to the economy of the country by contribute the sector of exports, Bitcoin offered lower barrier to receive international payments for small companies. This diversification makes this sector stronger and reduce dependence on certain export. |
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