Actuallt the transaction fees of bitcoin is high and maybe Paypal is better nowadays in this point, and also still the great marketplaces supporting only Paypal as payment processor and not supporting bitcoin.
Haven't thought of this until I realised I needed more fee to send a tiny bit of $3 to a wallet, in a case of needed fee there. I've got a transaction and the fee is only $0.14 and that's very low on these days. What wallets are you using? I'm using blockchain.info and it's a good thing for those people that doesn't want to pay higher fees. And this is a regular fee but if you wanted to be prioritize just increase the fees per b for faster confirmation. That is great that you are having only $0.14 of fees in every transaction while others are having $2 fees on their transaction like me, i am using electrum and i am facing $2 fees always and that is a very huge amount for me but i can't do anything but to just obey and pay the fees. I hope this incoming august 1, the fees will be lowered so i can save a few bucks from paying the fees. |
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The reason why we are not getting bitcoins because it always depends on our willingness. Without our willingness to earn we cannot attain anything in this world. And also our actions. With the mixture of both willingness and actions we can achieve things.
You can't include yourself because you are getting bitcoins because you are here and joining signature campaign is a sign that you want bitcoins. People don't want to get bitcoin because they have doubts for bitcoin that it might goes wrong after a few years and make their huge investments to a zero value which is everyone's fear in investment so they are afraid to try this bitcoin. |
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I don't think that bitcoin cannot drop in price because there will be a panic selling if there is something wrong and we cannot tell if when it will happen. Bitcoin is just depending on the demand of the users in the market and not dropping in price is just an impossible thing to happen but if you are trying to say that bitcoin will not drop in being the top one then i will agree to that.
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I think it will be the another ship to the moon, please prepare your ticket and suit, just waiting for the Segwit comes.  yeah, this probably making a panic sell which will cause thge price to dump then it will also be a good time to buy. Yes that is when is the right time to buy bitcoins when the price dumps because of the panic sell then do not join the panic selling and just buy at the dips so you can get a lot of bitcoins that is very cheap compare from the price right now. Patience is a virtue in both buying and selling so we don't need to rush things because if it is really for us, it will come to us. |
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I think that the outcome on august 1st will be a split on the chain of bitcoin and the price might experience some dump because of the panic of the people in holding their bitcoins and also the fear of losing their bitcoin because they don't have the enough knowledge in securing their bitcoins for the upcoming fork on august 1st.
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It is just a prediction. Maybe He is right or maybe he is wrong. We should just see what is happening now. We all know that bitcoin is doing well in the past few years and a lots of investors are going into bitcoin. I think it is just a fud so that he can buy a lot more bitcoin with cheap price. So dont panic and just enjoy the ride. You can tell if it is a FUD if the news is all negative about bitcoin and there is nothing solid proof that will support his statements, most of the FUD are just creating because they want to manipulate the newbies to sell their bitcoin so the rest will follow and they can enter to the market with a great entry price and they will replace the newbies and they will become holder for a long term. |
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When Bitcoin goes down, all other cryptos tend to follow. Therefore, don't look at it as a universal downtrend in crypto, but rather simply a crash of Bitcoin.  I agree with you, that is the trend right now. If bitcoin will fall on its price then the other cryptocurrencies will fall also and it will make a down trend in the market but the good thing is, we can buy a lot of bitcoin and more altcoins in the market that can be hold for long term and it can generate good amount of profits after a long time of patience. |
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I think it's still too early to talk about this.
Crypto currency is still too young, but I think it has a great future.
I disagree, gold has been sound money from the beginning, fiat is not sound money from the beginning because governments can print it at will, bitcoin has limited supply and cannot be created at will so to me that makes it sound money from an economic point of view. I strongly believe that bitcoin is like another currency, it depends on you how you call it, bitcoin is basically a form of money which value is increasing day by day. It also has created a strong ground where people are going to be connected with this system, from my point of view is that since Bitcoin is using as a payment tool in many ways so bitcoin can be considered as a money... Among private users bitcoin has long been called money. But at the government level, bitcoin is not yet seen as money. It is more like a product, or some other asset that can perform some of the functions that perform the money It is clear governments don’t want to call bitcoin money, because they are scared of it, but it does not matter if they do not want bitcoin to be money, that is the way people use it, that was the intention of the creator and bitcoin fulfills all the characteristics you will expect from money, so bitcoin is money. Bitcoin is a currency or money and the reason why government doesn't want to accept bitcoin as a money in their country is, bitcoin is decentralized and that is why they can't control it, so if they can't control something then they can't generate profits from it so it is a very huge help in people to secure their money but a huge loss in government if all the people in their country will use bitcoin so they are trying to avoid it by making laws against bitcoin and also banning it from their country. |
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Most of the news that are saying that are just paid by the big people because they want to make a hype that bitcoin is just a bubble and provoke a panic selling situation which most of the people will experience a huge loss in their investment but as long as there are news like that then it is a positive for me because there is something that makes weak hands shakes and just sell their bitcoins while i am just keep buying bitcoins for long term and hoping to make a million bucks.
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Cool, almost every day I hear news about what now in some place you can pay bitkoinami. A few more years at such a pace and bitcoins can be paid everywhere
That is not too far to happen because if you know the country of Japan then you can pay bitcoins there in almost all the stores because their government already make bitcoin as a legal currency and a lot of stores and people now are using it in paying things that they bought from stores or any restaurants in their country, bitcoin will become worldwide accepted if the good news and the increase of price will continue. |
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Back in the days when i used to deposit all my bitcoins in a paper wallet, i just withdraw it by having an account in blockchain web wallet and then i will just go the settings and i will just import my privatekeys by scanning the barcode from the paper wallet that i generated. It was easy and also fast in redeeming your bitcoins, you just need to make sure that the privatekeys are safe and not been used even once.
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Lightening Network is a Trap?
Just finished reading about Lightening Network on the Internet, to be frank, am not comfortable with what I just saw.
Am beginning to think that Lightening Network is a Government tool or idea to have total control of all Bitcoin.
My questions:
1. Seems like only Signed Contract will be passing through Lightening Network and not the Bitcoin itself, right?
2. Will government be able to cease people's Bitcoin after implementation of lightening Network if they wish to?
3. Is Lightning Network implementation mandatory or just optional?
Here are what am sure will happen if Lightening Network is mandatory:
* Government will be able to Monitor all Bitcoin transaction.
* Every single Bitcoin company will be forced to obtain license before using the Network
* Finally, Government can able to stop all Bitcoin transaction any time & as long as they want.
Based on your statements, it seems that lightening network is a just a strap but i think even though the government is having that tool, it is still alright for me because if the government can do those things they can easily track down the illegal person who are using bitcoin in their illegal activities and they can stop illegal transactions which is still fine for me. |
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After the segwit2x, the network or the blocks in the network will become bigger in terms of size so the blocks are capable of having more transactions which will give more space for the network so i think the transactions will become faster and the fees will be lower a little bit and it will be a great news for most of the bitcoin users and there might be a pump after the segwit2x.
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Bitcoin won't die, before this happen an improvement will be chosen to be implemented. The question is if it will have a hard fork or not. I personalyl don't like the idea, I think it's very bad for the Bitcoin unity that was built along the years, but the transaction fees can't continue increasing like now and the delay can't continue. All we can do is to wait and see what happens...
I also think that bitcoin will not die, it is our future, even if it is, something will just replace it with another form of cryptocurrency. Now I'm sure that it will not be dead because the value of it is still increasing day by day. And if it dies what will happen to those who own a lot of it? The investors and their bitcoin investments will be all gone too. They won't let that happen they are business. The value and demand for bitcoin is not permanent and most of them are just here because of the hype of news or being fear of missing out (FOMO) but we can see the real value of bitcoin after at least 10 years because, right now, bitcoin is still hard to tell if the things are real or just a hype but after a few years we will see the real image of bitcoin in the market and also from the people. |
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they definitely need to work on that to make it comfortable for sellers and buyers
I believe that the team behind bitcoin is currently working on that solution and that is segwit which it will make the transactions faster and also it will make bitcoin much better because it will have a higher amount of block size that will make the network have a bigger space for the incoming more demand of the users which is really happening right now. |
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If i were you, i will just buy trezor and i will just send my bitcoins to that wallet and keep it for long term. Trezor is a hardware wallet which is trusted by most of the people in the world that looking for a safe place to keep their bitcoin. Trezor is the very first hardware wallet that i tried and all i can say is, it is very worth it to buy and have this kind of wallet.
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Being rich won't make you happy, but on the other hand it won't make you sad either  Yup! There is money, life will be like in heaven and I think bitcoin is the ladder that is taking me to heaven just by trying to step up the ladder, the door of heaven will appear before the eyes. Money is not related to heaven because in heaven there will be just like people who will serve the God that they are believing that exists, I don't think that bitcoin is ticket to heaven because bitcoin can be used in bad things that can provoke us to make a sin which is not acceptable in the heaven so i don't believe that bitcoin is the answer to heaven. |
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Price fluctution even it is wild is kinda normal phenomenon for bitcoin. Supporters and traders had seen this kind of fluctuation several times that they are already used to it and consider it as a normal thing for bitcoin. That is the reason why lots of bitcoin enthusiast consider bitcoin as high volatility currency where it can have a huge price increase or huge price drop in a span of short time. And they are happy with it since they can exploit this kind of volatility to have profit.
Volatility makes investors and traders get attracted to the market. If the price will be just stable or flat, like its never moving it's too boring for them. This is not a phenomenon rather this is all natural. Value keeps moving every now and then because of the factors that affect our economy. So better hold your btc. Yes, it is all normal for bitcoin or any cryptocurrency because they are all depending from the demand that they are getting from the users,traders,investors in the market so if the movement of the price is not stable since there is no in charge in stabling the price that is caused by being decentralized of most cryptocurrencies in the market. |
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Bitcoin can die when it reach limited supply. There is no more profit for miners and even if they increased Fee, a lot of users will decrease. Bitcoin is just for currency and if no one use, it is fail.
That is not true because miners can still make money from confirming the transactions that has been issued in the network and if the supply is reached or maxed out then it is still easy for bitcoin and it will not die because the supply will still there in the market and the profit making for both bitcoin miners and users are still there. I think bitcoin will die if the internet will be shutdown. |
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People who are earning bitcoins in their spare time would be in good position to save their bitcoins for long term as they have fiat money which can take care of their expenses but those who are full time into bitcoins and it is the only source of income for them would find it very hard to save their bitcoins as they need money for their day to day expenses and in that case they need to sell their bitcoins often.
Certainly. That is why I make it a point that I will always have earnings with bitcoins because having relying on my day job salary will only be used for needs. I cannot save solely for that and bitcoin is a good way to have a savings. I just keep my bitcoin in my wallet and it is almost like saving. I keep myself away from things that will make me encash my bitcoin. If I will keep my bitcoin in my wallet I will be able to atleast make it grow. Bitcoin is even better than saving,m when you save, you save in fiat that devalues every single minute of the day, bitcoin in the long term only does one thing, to go up, so by holding your bitcoin you are already investing in one of the financial projects with the most growth in the entire planet, it does not get better than that. That's why I love to save bitcoin in my wallet, tried to secure it for long term. I didn't get how could Op stated to save bitcoin in bank ansld ask for interest, not even heard about such bank. People in this forum already said to save your bitcoin and hold your private key, if you don't have private key then you don't have bitcoin. Save bitcoin in an exchange isn't for long term obviously, you just use it for trading or in case to cash out into fiat currency. Just save your bitcoins in a hardware wallet because they are the best wallet to store bitcoin for long term and storing it only in exchanges doesn't help us to secure our bitcoin and in fact, we are just risking our bitcoins for the possible hackers attack to the exchange that we are using to store our bitcoins. Saving bitcoins is the best for the people who want to be rich but we need to make sure that our bitcoins are safe. |
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