Interesting analogy. I don't agree completely because I am an advocate of modernization, but I don't think Bitcoins will be replaced by any altcoin anytime soon, or maybe ever. I imagine most people look at its value, which is dictated by the rather low supply vs the high demand, rather than the technology behind it. The technology does help, because it does sway people to come and invest, but you're right on the money with needing Bitcoins to buy altcoins. Bitcoins are here to stay.
There is a chance for other coins or altcoins to replace bitcoin because that is not hard for bitcoin to achieve since there is a lot of things that might become the cause for a person to choose altcoin rather than bitcoin and that is the features of the altcoin that is better in bitcoin and if that altcoin is more convenient than bitcoin then it is a very attractive feature for an investor. |
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If everyone stops using it or if in some way becomes wothless, these are the two situations I think of that could make bitcoin die. But I don't know what could cause something like this, people get used to bitcoin and all benefits that it gives and demand is geting biger all the time.
Well, I agree that if everyone stops using bitcoin it will die. However, I think it will not die easily and as of now bitcoin become more popular and famous. In addition to that, as you can see no one can predict what will happen in the bitcoin in future but I believe that bitcoin would not die. The demand is the life of bitcoin and that is right that if the demand of the people in bitcoin will be gone then it is the final life of bitcoin and it will eventually die but as you say, i also agree that it will be hard for bitcoin to die since it has a lot of demand right now and its users is expanding to its maximum capability. |
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I guess that bitcoin digital gold becausr her price so increased nowadays and he can change the life of some people that's why he is like gold and maybe he will be better than gold on future on my mind it's so good to invest on bitcoin .
Bitcoin is both gold and cash because you can use bitcoin to buy things either online or offline, if you are using it offline or in physical world then you need to find a seller that accepts bitcoin. Bitcoin is also a gold because it is a great investment just like gold that the price of it goes up as itself goes older. |
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its not only about China.
In the neews there has been several people saying that Bitcoin is an excellent example of a big bubble.
If I would own lots of bitcoins, I would propably sell some of them too..
You have a point and i agree to you because that is one of the cause for the dump of bitcoin. The news from different sites and the different articles that keep saying that bitcoin is not a good currency and a lot of negative thoughts affect the market a lot because the traders and investors are only depending on their emotion. |
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Online wallets are more secure because offline one are always threatned of being stolen, lost or even disk malfunctions. But i suggest using both at the same time 50% of your posession in each so you never have to worry.
Most of the offline wallets like hardware wallets are not easy to break or stolen because it is up to you on how you are going to use it to preserve your cryptocurrencies because if you know how to use and take care of it then the threat of malfunctioning of the device or being stolen is not a big deal because if in the first place you are taking care of it then there is no problem to worry about. |
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We can't really tell if how many bitcoin are on the chinese exchanges but the sure thing is, it is a lot. Chinese people or the country of china is one of the biggest country that got a lot of bitcoins in their wallet and if we will estimate it then we can say that about 50-70% of bitcoin are on the side of chinese and that is why they can manipulate the market by its supply.
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The biggest regret that i have for bitcoin is being greedy and selling bitcoin once my holdings goes up to two to three times on its first value and that makes me regret those decision because if i hold them until now then i can easily get more than ten times of the value of my investment and for sure i am now getting a new lambo.
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The governments of the world have spent hundreds and hundreds of trillions of dollars bailing out a decaying, dickensian, outmoded system called banking, when the solution to the future of finance is peer-to-peer. It’s going to be alternative currencies like bitcoin and it’s not actually going to be a banking system as we had before 2008. And now bitcoin is really pumping, the new world will starts with bitcoin
I guess that you still don't know it yet but everyone knows it already, that banks are not good to become an investment vehicle for your capital. Most people use Banks as some kind of way to protect their money rather then protecting it themselves which will cost more. And really comparing Banks to Bitcoin is like comparing a fruit from a vegetable which both are totally different. Bitcoin is really showing us that it is a good investment for our money. Banks are still good in their own way like offering some secure and safe investment that is good for long term and even they have a very low interest rate then it is still a good choice to put some money in bank for assurance of investment and savings and also prioritize bitcoin so you can have both good source of income and possible good place to save money. |
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every investments has a risk. but if you dont want to risk tjen just invest little amount. if youre a risky one then you wull have a big profit.. but buy bitcoin or any coin in low price so that it has a low risk.
If the person wants to lower the risk then the best thing to do is to study the investment at the first few days of knowing it and that will help the person to have a lower risk in his investment because he will know the best thing to do with that investment and he can get that investment with a great entry in the market. |
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I also experienced that kind of fearness in bitcoin and i am not be able to buy bitcoin to the price that i am doubting that will go down so i just ignore buying bitcoin and i always experience that when the price was 2,500 USD because my buying price is only 2,000 but the price right now is above 4,000 and i already learned the lesson and i deal with it by buying bitcoin regularly to avoid having doubt for the price for not buying at the right time.
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That fake news affect the market a little bit because a lot of weak hands sell their bitcoin because they think that is a legit news. In my opinion, it doesn't matter if the china banned ico or even the exchanges because that is only a temporary effect for bitcoin and it will not become big deal in the future because we are now stepping on the new things that might become a huge addition to the future of bitcoin. |
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Don't worry if there is a dump in bitcoin because that is pretty normal for this kind of currency or investment that we are dealing and for me it is not a bad thing if there is a dump because it is another opportunity for me to buy back because i always sell bitcoin when the price was higher than my bought price and buy back when there is a dump.
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Hello, I've been hovering around bitcoin for months and I want to become an expert in it. What resources are available and what steps can I take to know all there is to know about bitcoin and possibly reproduce the technology involved.
Thank you.
Reading articles in relation to bitcoin will help you understand it. Then as they say that experience is the best teacher , everything you read like how to gain income with bitcoin yiu have to apply. Take it little by little. As you go along the way you will understand bitcoin and will know how to earn properly. I agree with you. Reading and studying and keep learning is the best key for all the people to become expert to the field that they are walking because if you don't learn and have a consistency then you cannot reach your plans and you will just stuck in the same situation that you are in for the incoming years. |
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I don't have gold because i am still waiting for my investment in bitcoin to grow to its maximum limit and i don't want to cut some of my profits in bitcoin just to have a gold which is a very slow investment that cannot compete with the fast of growing price of bitcoin and that is why i don't prioritize gold because i don't settle for slow kind of investment.
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I don't understand Chinese language, so i think the point is it will affect global markets and recently i hear that btc exchangers also get banned there...
I don't think that it is a legit news that the exchanger are banned in China because if that is true then there will be a huge price fall in bitcoin and the market of almost all the coins including altcoins will just drop in price with a very huge dip and that will confirm the news but as we can see there is no huge dump in the market so i think everything was just adjusting their self with a new policy in china. |
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I dont reveal my plans but I will cashout all my BTC when it hits 100k USD. The ride is going to be long and fun.
That's good to hear, most of the users focus towards such a growth in price. Already several experts have predicted such a big price as well people the adoption happening with time surely leads the price to reach much higher. Even now the maximum value that was predicted to reach is $500k. Even they are called experts that always predicting that the price will go up to 500,000 USD price per bitcoin and because of that most of the peopel rely on that prediction and they are still buying bitcoin but there is nothing wrong with that because even i, i'm still buying and getting bitcoin because in my own point of view, i can see that bitcoin will be ranging more than 10,000 USD in the next year. |
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Saving bitcoins through wallet , from time to time monitor the fluctuation and if the price sound good then convert into cash and store it to the bank. Im not going to invest all my money through bitcoin, im not so sure how it works in the future. I just enjoy the trend and the impact reflects to our society.
Based on your statement you are liking invested all your money in bitcoin because you are doing that habit and that is like for investor who are very concious for their investment and i think it is not a good habit for a good investor. Investor need to resist the price of bitcoin if it is high and they need to continue holding to get more profits in the future. |
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Why don't we just ban China?
We cannot ban China because they are one of the most country that has a huge volume and interest in bitcoin and they ban the ICO for their own purposes like having a chance to buy more cheap bitcoins and manipulate the market so the profits will go mostly to them. Chinese people are smart and we should know how to deal with them and the effect that they make to stay profitable in bitcoin. |
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If bitcoin will become a subject or part of a subject in college then it will be great because that is a huge potential demand for the bitcoin because if the students in different school of college will realized the significance of bitcoin then they will buy it and they will work in bitcoin that will help the bitcoin get increase its demand and the price will also increase.
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Even though it is only the ICO that they banned it is still a huge effect on bitcoin because the price of bitcoin drags down and it is because some of the holders of bitcoin panic from that bad news because they believe that the progress of most of the ICOs will not progressed very well so it is better to save their profit than to risk it by holding.
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