Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.
We can say that having paid with bitcoin for a given services will be a good idea but as of this point, it is quite impossible. The reason is that, bitcoin used is not regularly practice as a mode of payment and bitcoin isn't fully accepted by other countries that it could be hard for the freelancers who are belong to that country to convert into fiat money. To help them easier, they preferred to pay it in USD currency. |
|
|
|
Bitcoin was designed to make transactions irreversible. It has many advantages but for some people it's the main reason why they don't want to switch to Bitcoin. There are few companies which accept Bitcoin from you and pay with fiat to merchant. So far, I have only used bitpay.com. It's quite convenient and works without any problem. However, I try not to spend my BTC.
That is a disadvantage of using bitcoin. As we don't have any chance to bring back our money just in a single mistake. I don't discourage people to do not used bitcoin, actually this is an information that might happen in any transaction. But this is not usually happen, in fact using bitcoin could be more effecient if we used it wisely and a secured transaction. |
|
|
|
Gold is more secure at the moment.
It's depends for people who have gold and still its not safe the gold even you can keep at your home or room. So I think its better to invest bitcoin you know where can you use or I think its secure. Of course, our first priorities is to secured our own belongings rather than displaying it to be recognized. Having secured is not an options but it is totally our own choice. Bitcoin is not fully secured than gold. Even though we have owned a unique keys or password but still isn't enough to say we are totally secured. Because we all knew that, a lot of hackers online and they can easily trace if there is a transactions made with our accounts. And even a single mistake might lead them to take our belongings and leave nothing. |
|
|
|
I strongly disagree bitcoin associated with the bank, or do transactions through the bank, because the bank has its own system, especially in determining the interest. I hope you are aware of what you think, we will feel crowded if bitcoin is connected with the bank .. !!
That's right, having bitcoin doesn't needs bank to stored our coins. But bank's it can be used as a medium of transaction from btc to fiat money, and this is I usually made of after receiving bitcoin. Not necessarily we need those banks all the time but still it have it's purpose and we all knew that not all of us are with cryptocurrencies user's. And the banks hated crypto also as they gained nothing from this, unless you change it to fiat money and deposited it on the bank. |
|
|
|
Its too good to be true but if that really happens a lot of people will be happy as it would lift their life up and make them millionaire.
And when that time comes a lot government will be regulating bitcoin because they cant tax bitcoin right now.
I'm not really sure that bitcoin would be like that. Although 2020 is very far but I've doubted that bitcoin price will be $100,000. Imagining if that happen, most probably even 10yrs old child will do bitcoin. And I'm pretty sure that it would creat a massive impact to our life and the entire community. |
|
|
|
You can invest in bitcoin for passive income. But better invest for a long time.
If you have a more money saving in bank, you can try invest bitcoin for your future.
Bitcoin is good, and by just funding your wallet it can be an investment. But if you’re going to rely on waiting for increase before you make some earnings, then it’s a waste of time. This doesn’t work all the time, it will only happen occasionally, so you have to wait if that’s what you want to be doing. I will prefer working and gaining what you need through other means like signature campaign. To have passive income you must prepare into bitcoin in two strategy option of buying and holding because it was surely it can generate passive income on that. Just making sure you have extra effort of patient and exact time on monitoring the price value of bitcoin to have a perfect time in generating income. Holding your bitcoins doesn't give you a passive income and it doesn't make your money to multiply. Working your money beyond holding just like trading might give you more profit. And talking about passive coins, it can be hardly to find since all of this are very vulnerable for changes anytime. Only we have to do is to give trust and be positive to generate profit from of what coin we have now. |
|
|
|
In my country when comparing bitcoin with local currency still its huge and also people afraid to invest on bitcoin because of this huge price and also people in my country mostly salaried and they believe salary job is more secure . Even they are not ready to believe on bitcoin . But above mentioned countries are early believers of all technlogy change like internet , mobile , smartphone everything . Noe bitcoin also .
We can say that they early adopters of bitcoin and they are totally advantage in terms of technology. And they are just making this just a regular transactions for them, not only that they have economical stability but they can actually afford to have it easily. While in poor countries, they'll just keep on saving rather that spending just like local currency and another reason is that, nothing will accept bitcoin in their country. |
|
|
|
Some other replies has a good point, the transaction fees might go up at that time is that really matters. Bitcoin is about 7400$ this week then what more it will be if the 21million will be reached. If I do have 1bitcoin at that time then I can make my own prices two times higher than in a market. Because those who badly needed one will have no choice.
Reaching that time, possible of having huge modifications and hardfork happens. Even though mined bitcoins is far from 21 million but the price of each coins is expensive, how much more if it is only a single steep left to reach? Possible it could be more expensive on that time. And usually fees will vary also to its price of bitcoin. |
|
|
|
I heard people said that Bitcoin's profit is higher than profit of drug dealer, weapon dealers or profit of real property or any kind of stocks. Is that real ?
Since drug dealing is underground i do not say so because you wont know how much they earn from it, Billions of dollars has been seized by the US feds in the past years with just some few druglords how much more around the world  but in weapon and real estate i think if you have a lot of money to invest maybe that will give make gains from bitcoin higher than those two. When it comes for long term investment, I preferred to real properties compared to bitcoin as it gives a assurance of having profit in the future. Yes we can't deny that bitcoin is high profitable, but considering that we really don't know how long this investment stay alive. Because this is virtual investment, and it could be hard to trust it all and put your money in bitcoin. |
|
|
|
Do you think Bitcoin will become the first world currency for buy and sell ?  I believe it will not far from happening. But possible it only be an alternative currency, as USD is the main currency used in buy and sell transactions. At least if that time comes we have an options which one is most preferable to us. Knowing that bitcoin could never replace USD as global currency used just because of bitcoin price stability in the market. |
|
|
|
Oh course not. Once the wealthy noticed what was going on, they bought warehouses filled with bit-coin miners. No poor or middle-class person could do that.
They are and will always be the most beneficiary when it comes especially to investing bitcoins because they have the money to invest and reap the profits from it. The poor are lucky to have a piece of the pie even though it's a small piece of the pie but I think we will make do of that. Until we get money to invest even more. Sometimes we can say bitcoin/crypto is so unfair for its unequal distribution and not all of us are in capable of doing/having this. It could be most preferable to person who have enough and steady resources. Unfortunate people are have less chances to take in participation as it requires fundings. |
|
|
|
I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.
Banning bitcoin or crypto is the biggest regret at all. Doing this doesn't give help to their people, instead it makes them from losing this great opportunity to improve their life. Realizing that, in this way many people will be given a chance to improve their social life and regains their trust towards crypto. Although some countries are declined this just because of some personal interest that it will be conflict to bitcoin purposes. It is a greedy decision they made, not knowing that it could be a big help to the community. |
|
|
|
Regulating Bitcoin is not what you want to do if you are a government body as that is the worst thing you could do for the nation. Centralized organizations are going to eventually fail like they always have done in the past so they should welcome Bitcoin with open arms and accept to to stash reserves to actually have some wealth in the future. If they continue to deny it they will have no power in the future.
Regulating bitcoin is not a worst thing, instead it could be way that bitcoin will creat a very strong foundation. But of course, rules and regulation must be approved by the community and voted publicly to have transparency with the policy. Having this, still government have no controlled with bitcoin, only they implement this just to have an indication of having support with cryptocurrencies and in the community.. |
|
|
|
I was thinking of selling my bitcoins for cash. Is it perfectly legal to do so ? Amount is close to 3-4K.
Thanks for reading.
Depends On Your Country If Your Country Stated Green/Yellow At Bitlegal.io Its Legal We've never experience of having problem in our country(Philippines). Although there are some rumors in regards of its legality but it never give impact to bitcoin community. And most probably this rumor against crypto is from unopened-minded person. Since bitcoin isn't accepted as a mode of payment by all establishment, we have to change it into our local currency. And we dont have problem in doing this, from USD to peso value. |
|
|
|
I wouldn't buy altcoins right now, because I want to gain the new "Bitcoins" on hardfork in October and November. But if you don't care, it would be the right time to buy alts. They will for sure go up, after the Bitcoin "show".
I agree with both of these statements but mainly this one. Bitcoin is on the rise because everyone is moving funds there for the fork. However I think any good ICOs coming out will have a lot of new Life coming their way after the Fork. Yeah , altcoin price its not stable on this moment because btc price everyday always raise higher and high untill the HF on mid november , but if u want buy altcoin , i agree on this moment is right for buying altcoin using btc , but if u want get a free money , this a good time to sell altcoin and holding btc and selling after the price high after Hard fork. Believing that there will be an extreme changes in crypto world after hardfork within this month. As we notice that all altcoins are falling, due to of continuous increase of btc. Since it's price are down, it could be a big chances to buy potentially altcoins because it pretty sure that they rise after hardfork. |
|
|
|
It will be difficult for the world government to ban bitcoin completely from existence because they them will be affected in the process of trying to ban bitcoin. One way I know in which the world government can ban bitcoin is by them to close the internet which I think is not impossible for such a thing to happen in this 21st century.
Actually government support towards bitcoin is also a huge factor that maybe affect bitcoins existence. But it doesn't mean that they can wipe out bitcoin at all, not even a powerful government. Considering that China is one of the powerful country, but what happen to bitcoin after leaving it will keep increasing instead of crashing. Because not only China have capable to support crypto, in fact a lot more even some poor countries as they wanted that their people to change their finacial stability. |
|
|
|
I think this is cause by the amount of profit the bitcoin can give. Bitcoin value is fluctuating uncontrollably whilst big banks offered a little than what bitcoin can offer which makes big banks feel threatened for they are the ones that should be accountable to all the people.
Gaining profit is always in the mind of investors. Having a decrease of clients, is also a decrease of profit. This is could be a main concern of banks owners, as they are worried of having a big loss in the coming days. But for me, isn't big enough to worry at all because even though bitcoin was fully establish still more people would be needing banks. And it be a time also that banks will considering of accepting bitcoin. |
|
|
|
I just withdrew some Bitcoin from Bittrex and noticed they still have the same withdraw fee they had like months ago. Shouldn't they adjust their fee to the BTC price?
I mean paying more than 7$ for withdrawing your Bitcoin ist just ridiculous or am I the only one who thinks this is robbery.
I have to work almost a hour for 7$ not imagining people from india working 2 days for that amount. Maybe it's true bitcoin is only for the rich.
Actually, it is quite possible to happen since it varies also the price of bitcoin now. Even though we complaint it for there high fees but we don't have a choice unless you have your own exchanger. For me, I've never considered it as robbery because it is normally to happen in business. Is just a matter following the trend of bitcoin price in the market, as it price down simply the lower their fees also. |
|
|
|
Im kinda agree with this,as a non techy person like me at first I had a hard time understanding bitcoin and how it works but eventually I learned buy reading and searching about it. To learn something complicated we need have patience and perseverance. Its really worth it to learn bitcoin because Im enjoying the benefits im getting from it.
Is just an interest of something that bring you in this forum. Learning from what you have read is not enough, but having it in actual scenarios there is best learning that you might get. Having bitcoin everyday is not just we've got money in the end but it is totally full of learning's. Even though you are belong to average people or even in lower class still they can make this, if they want too and be open-minded at all. |
|
|
|
|
Show Posts
