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.
I'm not sure either about litecoin but ethereum will be used for trading and crowdfunding purposes I guess. How about other altcoins which has high price such as gigabyte, gnosis and zcash? As long as people still use it for trading, then altcoins will be always around, even though bitcoin could find scalable solution and used as a currency. Some altcoins worth more than current price obviously, only time will tell if a coin could reach $1000 save point. |
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If you want some suggestions, consider few things such as ;
- why you bought bitcoin in the first place?
- spend bitcoin for what purpose, buy goods/cover daily expenses?
- do you have any other source of income?
People who believe in bitcoin value in long term wouldn't spend bitcoin if still there is another option, same as what I've been doing all this time.
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I just noticed about unconfirmed transactions and fees, it seems that the fees suddenly increase from BTC1 for 12K unconfirmed transaction to BTC3 for 11K UT right now. Don't know how could it happen but some global exchanges shows bitcoin price increases as well, maybe bitcoin rally has been started since today because of segwit activation in the next month, hopefully it could break $3000 again.
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I've been talking about Bitcoin to family, friends and random people for years and nobody seemed to mind when BTC was under $1000. But now that Bitcoin has reached $2000, people are starting to realize that owning 1 BTC is beginning to be out of reach for the average person.
I've had more people ask me about Bitcoin lately and wanted help buying Bitcoins. What about you?
Many friends of mine who knows bitcoin (just a bit about online currency) but only a few maybe 2-3 of my friends who interested to learn and earn bitcoin. People who know bitcoin when it was below $1000 and figured out it is over $2000 right now should be regret their decision to not serious learned about this digital currency. But still, just a few people who willing to spend their time into bitcoin environment, whether they thought it not worth, scam, hard to earn or too expensive to buy it. |
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Well with one snap of bitcoin it cannot end the worlds' problem which is poverty. It is always up for the people to move by themselves. It is on the people that is on that situation, it is up to them if they still wanted to live or they wanted to die as poor. There are a lot of stories I've read saying that there were many people born as poor but died as rich. Well for them to end their poverty using bitcoin they need the literacy to do it. At least they need to be media literate to deal with this.
Agree, as I always said: bitcoin is just a digital currency which been using for many purposes but it's meant to be a medium of exchange. Just like any other fiat currencies which can not change world to end poverty, it should start from the person who wants to change and trying to get out of poverty. Bitcoin provide some opportunities to do that, as long as people struggling to achieve what they want. |
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I am a little confused because I have always looked at the satoshi prices, but sometimes I hear people say that you should look at the dollar value if you are in profit or not. But when you trade at an exchange to BTC all the peaks and vallies are measured in BTC? Should you follow dollar value or satoshi value to know if you are in profit? Or do just have to choose one of them and stick to it? For example if I buy at 0.1 satoshi and now the chart show 0.12 satoshi I think I am in profit? But is that not always the case? I am using cointracking for example to see if I am in profit or not. If I look at BTC value of Doge I am currently in -7% on the coin, but if I switch to dollar I am +0.09% It is very confusing..
Does it have to do with if you plan to keep your money inside crypto or take it out? If you plan to take it out I guess dollar is more important, but my plan is to stay in crypto for the long term so dollar value is not even important at that point...?
I mean if you buy a coin at 0.1 satoshi and you sell it at 0.2 satochi you have sold in "profit" even if btc would have sunken 90%?
Whether you measure it in cryptocurrency or USD, as long as your capital has increased then you get profit. But usually people like to cash out their profit in form of fiat currency, so they compare the value of bitcoin worth in USD which more reliable/stable than fluctuate digital currency (volatile). If you want to get profits as soon as possible, than you should measure bitcoin value worth in fiat currency but if you love to hold bitcoin then it doesn't matter as long as your bitcoin keep growing. |
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Nowdays I've got used to the fact that bitcoin transactions were just hanging in the mempool for quite a long time, but today I just realized that something has happened.
I've started a transaction of 0,05 BTC (not a huge amount) with the possible lowest (and slowest) low-prio fee, and I thought that it will take days to get confirmed (or at least one day). The fee was about 0,0034... BTC (159 sat/byte).
In an hour (or less), it was confirmed, the first 4 confirmation was done in 15 minutes. I was totally surprised. I've checked the mempool later on, it has been settled, it seems. These are the first few weeks since the beginning of May when the mempool isn't full.
I don't know what has happened, but it seems promising. (Or not, if it's in connection with the August 1st deadline, but who knows... I don't, but if anybody knows, please help me to understand what is going on behing the scenes...)
This maybe like silence before the storm, look at https://blockchain.info/unconfirmed-transactions and it just 9K unconfirmed transaction waiting for included into next block. I think you should lowered the fee around 100-120 sat/byte and it will be confirmed as well. Maybe spam transactions has been stopped to convince the community that 1Mb block size without Segwit and we just doing it fine. But, I prefer to segwit should be activated and throw all this problems as we may see bitcoin leap to over $4000 after August 1 st. |
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That's why everyone should aware of every investment they've made or planning to invest on ICOs.
There will be always risk in cryptocurrencies investment but some people could make profits through ICO investment.
In the end, people will convert their altcoins for bitcoin as the most trusted digital currency, it just matter of time.
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Hello All,
I'm new to crypto but not new to the banking/gov game.
What are you thoughts on the bankers/gov potentially controlling Bitcoin behind the scenes putting on a show oh how they are concerned about it?
Govs possibly could do that or already did, but we don't know. All this time, when USA seized bitcoin but then auctioned it. So, govs may not interested into cryptocurrency as it's not official and so volatile, furthermore it worth just small portion (value) compare to fiat currency obviously. They can print the fiat to buy bitcoins.
Its the electronic money/world currency they are so thirsty for.
The NSA has supposedly a back door to all our devices.
Yes, but it can't be done without parliament/legislative assembly/congress approval/agreement. Why are they not stopping (possible jail threats) it when they have shown they will go to extreme measures to stop competition.
Either way I see it going higher i'm just trying to get my head around why it has not been stopped.
Thoughts?
Why government want to stop bitcoin as it won't harm the state? Bitcoin already give many benefits for citizens and economics, provide many opportunities to make another source of income and profits. |
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I consider it just a little encouragement for people in there to speculate about bitcoin, as long as it still not officially legalized than we can't expect too much from the government. The news just stated about government will investigate it and it has been 3 months: On April 14, Cointelegraph reported that the Inter-Disciplinary Committee within India’s Ministry of Finance was actively investigating the legal status of Bitcoin and considering the possibility of regulating the market. So, we are still waiting for another good news in India, at least they maybe state bitcoin as legal payment like in Japan.
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I never liked the user interface of Polionex. Bittrex has been the first exchange I used maybe and I find the website clean and intuitive for my taste. The only thing I am not confident with Bittrex is the system security. Since somone managed to get into my account with I don't know what method, I don't trust their security and I am more motivated to not keep anything in their site more than 2 or 3 days
My account in bittrex has been hacked too, I have no idea how could that happen and some of my friends also experienced it. My friend even lost 2 BTC, huge amount I think. I don't trust bittrex to save bitcoin more than a day, and prefer to use it if want to compare coins prices or new coins listed. |
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If I wish to take a credit in Euros:
Findomestic bank: To take - 4.000,00 EUR To pay back in - 60 months Every month to pay - 90,93 EUR In the end you return - 5.455,80 EUR
Credic Agricole Bank : To take 4.000,00 EUR To pay back in - 36 months Every month to pay - 132.76 EUR In the end you return - 4.779,36 EUR
In my own currency rates are same, and I think this is a robbery, their interest is pretty high, and can you imagine from this year rates are a bit lower because of some new laws. I wonder how much banks take in your country for cash credits, is it better or worse in your country?
Good calculations, more or less it is same in my country and mostly banks in every country has high interest rate to robber your money but they stated it as a fair way. If people do know about this, but why they are still taking out a loan to the bank? Well, not everyone has capital or savings to cover their expenses, start a business or pay medical bills. That's why a decentralized digital currency such as bitcoin is a better way to store our wealth for future purposes. |
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I was interested enough to join the social media bounty but after I downloaded nanowallet on android device I did not find the address to receive dimcoin. How do i get the dimcoin address in nanowallet?
Thanks before
Hello hahay The NEM nanowallet uses your android device's internet browser to access your account, it should look the same on every device. All you have to do is click on "account" and the address should be listed there. Thanks for your inquiry. Nice project and definitely want to join pre-Ico (1 st-15 th of July) to purchase more tokens obviously, hopefully this project will success just like what devs team wants. I would like to use NEM wallet on my smartphone, nice information about it. I have a question about Dimcoin, there are two versions : Dimcoin and Dim currencies,why devs choose to make two versions of it? Or Dim currencies just a way (equal to $1) to buy Dimcoin? |
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Taking profit is never a mistake.
Indeed, as long as you don't sell all of your bitcoin at once, 10% of your savings is a decent amount to get cash in order to buy back if bitcoin price decline. Many people do it everyday, and they call it trading but some people don't want to take the risk to loss, and prefer to save bitcoin for long term but sometimes sell small portion from the wallet. In that way, we could increase the amount of bitcoin as the dip always occurred after high peak. |
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Most Bitcoin critics often cite crime as reason for wanting Bitcoin obliterated. I doubt crime is the real reason. . It could well just be a subconscious thing they have no control over:: like Hatred for the weak, poor and middle class, Preference for elitism, fascism and dictatorship,
PROOF:
Tools like VPNs and Proxies almost have thesame capability as Bitcoin but you hardly hear the complain about them.
To be honest, most people with this weird ideology don't really have problems with people becoming financially independent . Their problem is just the FREEDOM money brings to people. They wouldn't give a damn about your wealth so long as you are totally under their control.
VPN and proxies are different with bitcoin, those has different features such as bitcoin could use to send huge amount of money under the radar and untraceable if people do it properly. Some people from may hate it because decentralized digital currency and can not be controlled but mostly people who judge it as bad thing because they just know that bitcoin being used by criminals to do transactions and money laundering, simply because lack of information. |
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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. |
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I have seen that they are a lot of upcoming ICOs now, I am willing to invest in as many ICOs as possible, since its a now or never case. I think its better to buy it cheap than buying it very expensive. So, the thing is I am failing to decide or to spot some of the good upcoming projects. The only ones that I have in mind is Aeternity and DIMCOIN. I already invested in CIVIC, what other ICO projects do you have in mind, which you might recommend, which are worth investing in?
Yes, Dimcoin obviously as it is good project to invest my money. I've seen you've made a thread about it https://bitcointalk.org/index.php?topic=1988177.0 NB thanks to heads up. I agree that we should buy it earlier, at cheaper price than waiting for higher exchange rate and regret it. People need to read and learn about this coin and the market before invest, so do your own research and put your money on the right table. |
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I created a blog with advices from experienced users. I have collected 5 recommendations for you: 1 - you should buy as much as it is not a pity to lose 2 - then waiting for the doubling, and fix half of coins (we return the initial bet) and continue for free 3 - fixed when achieving the desired result 4 - Do not put all the eggs in one basket. 5 - Learn the basics before start 5 - Before investing, study and ask. Can the community add something? 6 - http://www.investopedia.com/articles/trading/10/top-ten-rules-for-trading.aspIt seems investopedia article summarize most important things for trading. We would like to see and read your article, but I will mention my opinion about trading: - don't be greedy and go all in - like you said (don't put all eggs in one basket) - profits gain at the right time (people who could buy at the dip and sell at the highest price will make more money obviously) - trading - it is gambling as you can win and lose your capital. |
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More acceptance from every corner of the world, useful to pay food is necessary to make it more mainstream as a digital currency obviously. And what interesting is, "Burger King has also begun the hunt for an IT professional able to implement the relevant software." > bitcoin create profits and more employment opportunity or some chances to make money such as IT professional to write codes for burger king. And soon as bitcoin scalable problem resolved, more acceptance will be implemented, hopefully. |
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I don't think so, as there are some users that share their predictions here in the forum, not always in this speculation board (don't really know outside forum). But, I didn't mark their threads (my bad), just read a lot and roam to other threads. Some speculators share their prediction and provide some links to support their opinion, good enough to judge what will happen.
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