i do this question because i´ve read in this website issues with bitcoin, slow mining process, high fees, etc. and i´ve read too good reviews of some altcoins, ethereum (smart contracts), ripple (for transfers between banks), dash and nem. these altcoins called 2.0. could bitcoin become just in future virtual gold reserved to companies and rich people?
I can't say that it will be impossible since all cryptocurrency are only dependent on the demand in terms of each of its market value. So there's a possibility, especially if there'll be a coin that will be more indemand than Bitcoin and will also have a more expensive price than Bitcoin. If this would happen, it will be more profitable and surely, lots of Bitcoin users will transfer into it that would result to total defeat. |
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I was just wondering that is it possible to earn steady income without going 8-5 hours regular office job.. I mean you got some bitcoin in your wallet .. are you the enough for living ?
another option is to regularly working on Bitcoin related trading/activites .. that earn you enough amt of monthly income ..
what's your opinion
Note: this is not for poor fellow who just discovered bitcoin or altcoins
Income in Bitcoin won't be stable because Bitcoin is volatile such that there'll be times that its market value will fall which means that the profit will also be low. Influctuations are already expected in Bitcoin that's why a decent job is still needed to have something to use when the profit in Bitcoin is low. If you want bigger profit, you should practice doing both of it at the same time. |
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After the events of last week.
I was making this suggestion to some folks yesterday, but they claimed that bitcoin is too small. Does it matter?
I highly doubt that Bitcoin is already the 'strongest' currency. There are different types of currencies such as regular currency or fiat such as dollars and euros, also there are digital currency that includes cryptocurrency and abitcoin is just one of the many kinds of cryptocurrency. And cryptocurrency I think is still young compared to regular currencies that has been used by different countries for decades. So it will be impossible if it will already be the 'strongest' in just a short period of time. |
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I believe Bitcoin has a future in long term. It proved itself in the past years and it is getting widely popular. It just has a transaction fee problem atm.
What about the altcoins? Who does use them for real? Will people use them in the future for real purpose?
I only have a hope for ethereum and litecoin, but not for the rest. I am not even sure for eth and ltc.
If bitcoin solves the reansaction fee and time problem, I doubt eth and ltc even have a future.
Well, altcoins are still promising. All cryptocurrency including altcoins and Bitcoin are only dependent on the demand. Ofcourse if altcoins will have a high market demand it will be good for long time investment just like Bitcoin. But since there are lots of altcoins, in my opinion, the demand is being divided that made it good only with short term investment since another altcoin is rising from time to time. But still, altcoins are promising. |
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I would like to know what experiences did you had when you first started with Bitcoins. As for me, I had many that I would like to share with you. When I began in the Bitcoin world, I was a complete rookie with no proper knowledge of how did mining worked or anything about cryptocurrencies. I just thought about Bitcoin as another payment processor like PayPal. But when I joined the BitcoinTalk community, I learned so many things along the way. In my process of learning in the first days, I decided to invest into cloud mining services. Since I didn't knew much about it, I invested a plenty amount of Bitcoins to start my journey into it. During that time, I had gotten into many different services. Those were GAW Miners, then Cointellect, cloudminr.io and finally Hashnest. After getting scammed many times by the services mentioned previously, (except for Hashnest) I have lost many Bitcoins. As a result, I decided to never invest into cloud mining and thus dedicate myself into learning more about the cryptocurrency and look for other ways to earn Bitcoins. It was then that I enrolled into the signature campaign that I am currently into and during all that time I began to earn Bitcoins as well as diversify my investments into different alt coins. Now I am dedicated to trading Bitcoins and other alt coins, as well as working for it (like the signature campaign and working as a freelancer) in order to earn coins and build up my portfolio along the way. Anyways, what would be your experiences with this exciting cryptocurrency?  At first I don't know what to do with this forum like on how will I earn profit so I've read articles, asked those who are not new here and also observe on how things are happening. The first thing that I've learned to earn profit is the weekly campaigns . I am having trouble during that time because I'm just posting everywhere I like, not knowing that there are some restrictions. But I've learned it as time passed by. |
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The miners mine and hold, other mine and sell.
Investors and speculators buy, hold and sell.
You can buy random items in auctions and through the forums.
What are the reasons for the bulk of the bitcoin transfers? I read an article underlying the "dark side" of the internet and TOR network, and they seem to point out that bitcoins are now nearly the exclusive currency for the online "black market" (Note, they are not saying bitcoins are exclusively used for black market transactions)
What have you used bitcoins for?
Miner
Investor
Black Market
Other - explain
I am using Bitcoin as a source of income and a currency. I am more of a investor since my way of earning Bitcoin is through directly buying during the dumps or whenever the market value is low. Then I will hold it for a period of time until its market value rise as well as the profit. Half of the profit everytime I sell will be again used in to buy Bitcoin and the other half would be used to satisfy me with my needs as an individual. |
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Alright, let's say I have a budget of 1000 USD and I want to invest it into cryptocurrency. Is it better to buy my own setup and mine or do cloud mining or should I buy some coins directly ? What cryptocurrency might be the best for long-term profit ? I am willing to lose that money (although I would be sad ofc) but I wanna somehow start with cryptos since I believe it has got a great future.
Having 1000$ to invest will be a good start. I think buying and holding strategy will be more profitable since Bitcoin's market value is increasing as time passes by. You'll wait for dumps to take place before buying Bitcoin. And then hold it and wait for its price to rise and become high. Sell it if the price is already high then repeat the procedure to make earning profit, continuous. |
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Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!
You will already earn profit by just holding or saving Bitcoin because its market value or price is increasing as time is passing by. Just like in your case wherein your 13 cents became 50. But to make things clear it is not your Bitcoin that will increase but its value. Your 2.1 Bitcoin will still be 2.1 in the future, but surely, its market value will change, because it will increase. |
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1. It’s gaining mainstream credibility as industry players consider it as the new gold – Bitcoin has many of the same qualities of gold, whose value is not controlled by governments. 2. Many investors and finance industry experts are serious about the promise of Bitcoin – A large number of mainstream investors and entrepreneurs already consider Bitcoin and other cryptocurrencies as a legitimate asset class. 3. There is only a limited amount of Bitcoin – There are only 21 million Bitcoin tokens to be mined and no new tokens will appear until after 2140. This makes Bitcoin a deflationary currency whose value increases naturally with time. Source here. These are interesting big reasons why it is so wise to invest in Bitcoin. I am sure that many people are still doubting Bitcoin whether it can be a good investment vehicle or it is just another risky venture that can collapse anytime. Of course, we know better. So in case someone would be asking you this same question, you just have to enumerate the three big reasons above. I agree with the listed reasons. People should invest into Bitcoin because it is profitable. The market value of Bitcoin is dependent on the marked demand. And as the demand is getting higher, same thing will happen with its price and the profit that they will get if they invest to Bitcoin. Bitcoin is profitable that makes the investors towards it to invest because profit is assured to be big. |
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With constant speculation about the value of bitcoin, China claiming to ban exchanges of bitcoin, and some banks trying to create their own blockchains for their countries, What will happen to bitcoin if this become true? Will it be still used ? will it not be worthy anymore ?
It's hard to tell. Comparing the maeket value of Bitcoin from now and then, its current market value is way far than its market value before. China banning ICOs will surely affect Bitcoin negatively. We should expect for backdrops and downfalls on its market price. But it is quite impossible for its price to be back on its value 4 years from now because Bitcoin still has a large community that makes it still indemand which highly affects its market value to not decrease too much. |
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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?
Yes, I believe that there's a possibility becauae still, it involves money. And as long as money is involved into something, corruption will always be present. I'm nit sure on how corruption works in Bitcoin since it is decentralized, maybe it is on ICO projects or campaigns which is related to Bitcoin something like that. |
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Are you a bitcoin fan? Do you spend a lot of time on bitcoin? Reading news, trading, or even writing your own analysis. But how did you first hear about bitcoin? Is it some articles you read about? Or just from a friend who has traded bitcoin for a long time? Share your experience with us.  I first saw Bitcoin in an article why I'm searching for things that will give me profit online. Back then, I'm not awared aboyt what cryptocurrency is. Then, Bitcoin caught my attention because of its large community such that it has lots of users. Then I was surprised that it is already legal as a currency is some countries and also the profit that its users are getting in lots of ways. |
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What will be the value of BTC approx 2 years from now? Any predictions?
I'm not sure of this, but I think for the next 2 years, the value of Bitcoin will be over 8000$ if there's nothing wrong that will happen. Bitcoin reached the 4000 dollar mark from 2400$ in just 20 days and it is because of the success of the segwit. And since it was already issued that there'll be another in the month of November, and if it will be again, successful, definitely, the price of Bitcoin will then again increase and maybe reach the 5000$ mark before this year end. So 2 years is quite enough to make speculations about the increase on its future market value. |
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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?
It's hard to say that there's no possibility of this thing to happen since all cryptocurrency including Bitcoin are dependent on its market demand in terms of each of its market value. So if there'll be another crypto that will be more indemand than Bitcoin, for sure it will have a higher market value and will replace Bitcoin as the no.1 cryptocurrency l. But I highly doubt that it will totally obsolete Bitcoin because there are lots of loyal users of Bitcoin. |
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I heard that bitcoin is a good investment for making a huge profit in the future , is that right ? Because i want to buy some bitcoin in these days .
Bitcoin is a good investment because it is profitable in different ways. Also, its value is continuously increasing as time is passing by. Such that if you'll invest to Bitcoin and you'll hold it for a long period of time, while it is in your wallet, its market value as well as the profit will grow. SThe increase on its value is continuous so, the profit in the future will also be big. |
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Hi Guys! Do you think the Bitcoin value will be worth more than 5000 Dollars at the end of 2017? Let me know your opinion :-)
There's a huge possibility. The recent fork happened last month of august, the segwit is successful that made Bitcoin to go skyrocket in all aspects from its market demand to its market value. In a short period of time and less than a month it reached the 4000$ mark from 2400$. And since it was already issued that there'll be another hardfork in the month of november, it is expected that Bitcoin, at the end of the year, will reach the 5000$ mark. |
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Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
It is volatile because its market demand changes from time to time. Bitcoin together with other cryptocurrency are dependent with the demand in terms of its market price. Such that if the demand is low, its price will fall. Also it doesn't have a physical market value which I think affects it as an open source system. But the biggest factor that affects its volatility is its demand on the market. |
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If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
I will go with Bitcoin. It is tru that Gold have been used though the years as a goos investment by different countries, but nowadays is the new era. I think digital currency such as Bitcoin has the power as of this moment. The currency is coping up with the advancement of technology and for that to happen, digital currency or cryptocurrency will have to take place older forms of investment. And also the profit in Bitcoin is good. |
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So today I purchased web hosting from Namecheap using Bitcoin and it was incredibly cheap, simple and best of all, anonymous. When it comes to website ownership, depending on the kinds of sites you are building, this can be an important thing.
One of the reasons why Bitcoin took off initially was because of its privacy and anonymity benefits. Back then there were so few places where you could actually spend Bitcoin, so people ended up purchasing illegal things to test out the platform.
Now, we can see and trust definite advantages that Bitcoin as a technology brings - secure store of value, anonymity, global/universal currency, transparency (blockchain), software apps can be built on top, etc
but I really just wanted to get your opinion...
What are some advantages of paying with Bitcoin?
In my opinion, both sides will benefit on the advantages. If people will use it as a mode of payment, for sure, the dwmand will increase as well as its market value. And for the users, it has less charges in doing transactions and you may use it as you like since it is decentralized unlike in regular currency. Transactions, I think, is easier and faster. |
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According to my friend preev.com, as of press time, the value of Bitcoin is standing at $2,351. Though I would say that this still considered as a feat, some are worried because it almost reached $2,800 again after the correction that happened days ago.
I have read that the decline can partly be contributed to newcomers especially neophyte traders who still have to be well-versed on the market...and can easily be ignited to do panic selling once they can fell that anything can be wrong.
Against this backdrop...are you holding on to your Bitcoin or transferring it into another digital currency?
Unstead of panicking, a user should be patient and wait for its value to again, increase. Sudden dumps are already expected because of Bitcoin's volatility. So Fluctuations are already expected. People are awared that there'll be times that its value will increase and ofcourse, there'll be times wherein it value is falling. What a user needs to do is to calm down and wait. |
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