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As the title says, it is true that the most of the investors money are moving back into bitcoin because of the events that are coming and also the good news that we have as of now like the legalization of bitcoin in different countries like Australia and the latest adoption is from India which is one of the country that has big population and it means possibility for a huge demand in the market.
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This is a good action for bitcoin to advertise in public, I guess this is a good idea.
We hope some one will initiate for this one.
The question now which product or services will offer this kind of method of payment in television? Is anyone dared to do it?
I think there are a lot of television channels that are willing to promote bitcoin and the payments will be easy because before they execute the program or the commercial or show or anything like that, they will probably plan for the best first so the presentation will become perfect and very attractive to people specially to those people who are looking for opportunities. |
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I only believe in paper wallet because they are easy to make and you only need a good printer and also a durable paper so you can have the safest and cheapest cold storage of all time. You can also add some assurance for your paper wallet to last for long by just laminating it so you can add more years or life to your paper wallet and you don't need to worry about the security of your bitcoins or any cryptocurrencies anymore.
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Bitcoins Are Not Widely Accepted
Wallets Can Be Lost
Bitcoin Valuation Fluctuates
No Buyer Protection
Risk of Unknown Technical Flaws
Built in Deflation
No Physical Form
No Valuation Guarantee
Agree! Ironically, some of those are also the advantage of bitcoin. Yeah, the only thing that i see that is an advantage is the Bitcoin Valuation Fluctuates because it is an advantage for me because we can make profits from that by buying low and selling it high and repeating the steps because bitcoin is not always going up and it fluctuates on its price so it is very easy for us to make money and we should not be afraid of that fluctuation. |
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We could individually reach out to local merchants and explain them about bitcoins.They should be explained that bitcoin payments cannot be reversed once made which would be safe for their business.We could share details about bitcoins in our face book,twitter so that our friends would get awareness about bitcoins and once they share it,bitcoin knowledge would be spread to others.
Do you think above mentioned thing is possible with local merchants . As far i seen the digital transformation in my country lots of people still not adopte like mobile wallet and bank wallets . Local merchants need cash instead of digital currency . It depends on what country you are living, if you are in a small country you cannot expect majority of the people will adopt with only trend of transaction, they are more focus to solve the basic problem like underemployment and since they do not have enough money to spend, they can easily be contented with just doing transaction in a conventional way. That means you are saying the small countries will not easily adopt this digital transition. I think you are wrong mate because the small countries only try the new technology and new things they are welcome everyone to do business and improve their economy. If the country is big and the population is huge, it is tough to implement any new things in that country. I don't think that the small countries will have a problem in adopting bitcoin because i think that small countries will be one of the leaders in adopting bitcoin because in that way, they will have an advantage from other countries in terms of advanced financial development. Bitcoin is one of the solutions to the current financial problem that we can experience as of now so i think most of the countries will use bitcoin to solve it. |
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Other people prefer bitcoin over fiat because they invest in bitcoin and wanted to grow their investment. Bitcoin grows daily and anonymous thats why some people use bitcoin over fiat. While fiat is used to buy goods and services. But still opt to choose savings bitcoin than fiat.
Fiat and bitcoin is completely different from each other because fiat is money that has been use to buy things or services while bitcoin is more like an investment or an asset but it can be used as a currency but as of now it is not that easy to use it as a currency because of the low percentage of adoption but bitcoin is still capable of that but as of now, we still prefer fiat over bitcoin. |
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Saudi is one of the wealthiest country and i think most of the people there are into business and making money so i think if this kind of progress will continue like trading bitcoin from saudi will become a great help for bitcoin in decreasing the supply and increasing the demand that can boost the price to the moon which is most of us are waiting for.
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The title says it all. Don't just talk some garbage sense about bitcoin because it will not help you to improve yourself or something, just embrace bitcoin and study it after you embraced it so you can have a good progress because i believe that nothing improves when you are just focusing in negative things so it is like better to have bitcoin or leave it kind of thingy.
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When I claiming my Satoshi, the small portion of Bitcoins, I let it grow and sleep on the site. When I already achieve the minimum, that is the time I transfer it to my Bitcoin wallet. Sometimes I let it sleeps for a long time, floating on my balance because the value of Bitcoin differs everyday. When it is high, that is the time to transfer it to my wallet, when it is low then I let it there for the mean time. When joining in a signature campaign I make sure to hoard a little percentage from the payments for future purposes.
The situation will change when you start active in the trading market, you will tend to do a lot of transactions without letting bitcoin remain silent, I see you consider bitcoin as a fixed asset, that's good. Currently I consider bitcoin an asset that must be traded, how to keep bitcoin is to make it productive continuously. I agree with you, it depends on the things that you do in terms of using and keeping bitcoins because if you use bitcoin for just investment alone then you just need to store it on hardware wallets or safe wallets to preserve and secure your bitcoin from any harmful events or things and just what like you said, if you are a trader then you are prone in active transactions because your bitcoin will be in and out from your wallet so you don't need to find a storage or cold wallet. |
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Bitcoin needs to die for you to live then?
You are being pathetic to your statement, maybe you have a big problem losing your investment in Bitcoin. I feel you about the delays in transactions because even me I already experienced that but Bitcoin devs is making the moves about it so don't worry too much and think a positive way in how you can make money out of Bitcoin's growth.
Take a time to search and understand this new kind of currency and stop pin pointing the negatives. Actually you can make a profit about volatility if you just thinking right in building a business using Bitcoin, if you know 'Spread'.
That kind of person will not improve their self if they only want to bring down others. If i were in that situation that i lose my money in bitcoin investment then i will just move on and try again because there is nothing to do if we will put hates first, we should learn from our mistakes and after we learn then we will now remove the "l" and earn. |
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When I hear about bitcoin,I think it is a scam and I think that bitcoin is kind of a website that involves money.But when they introduce it to me I realizre that bitcoin is very usable and it has a sense to use in our society.In that case,my first impression to bitcoin suddenly change.
That is one problem with other people. They are assuming or making an imaginary thing to what bitcoin is even if they haven't experienced it. This people needs some good introduction so it would really look inviting that they may try to research what bitcoin really is. Rumors kill. Better make our own research before we dissect one thing. You have every right to think what you want but BTC is something useful value I do not know what it may be this overvalued or undervalued in 10 years we will know if it is or not a scam at the moment is a project with a lot of future We don't need to think that bitcoin is a scam because if it is a scam then a lot of countries are banning bitcoin but in the reality they re adopting bitcoin like Japan and Australia did on bitcoin. If we based now, bitcoin is still undervalued and soon it will have a real fair price in the future because of the people that will see the real sense of bitcoin in terms of technology and financial system. |
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Its already happening in other country OP,there are alot of country that is funding crimes and drugs using bitcoins and i think some altcoins too.So no doubt about it that bitcoins can fund crimes and other illegal stuffs
Bitcoin is not the only thing that can fund crimes because their national currency can be also used in this kind of things because in fact, bitcoin is just like a proxy for them to not be located or track down but in the past few years or decades illegal stuffs, drugs are already funded by the original money and bitcoin is just like used because of its advanced features. |
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It's not good, it seems some people are switching to Litecoin for retail payments, I like BTC a lot but I don't like the way this coin is treated... it's like it's left alone doing nothing about it and meanwhile lots of altcoins are trying to take over... BTC looks like a fat coin barely moving right now folks while whales are taking as much as they can on its back, it needs to be light and have speed... if something doesn't change after August 1 will probably consider other options as well, I've believed too much in one coin and missed others on the road
Yeah, if there is nothing change after the event in august 1 then we can expect a huge price drop in bitcoin and most of the people will just transfer to another coins like litecoin and other cryptocurrency that can make them use or transfer money easier unlike in bitcoin that is slow in transactions and also they want a good coin for long term and we all know that bitcoin is not the only one for that. |
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if the country allow bitcoin is good to advertise it on TV
more people see more people know and the bitcoin user will increase the price also will be rise
but if the country didn't allow bitcoin, advertise on internet is enough
Advertisement in the internet is not always enough because not all the people are in the internet and there are some people who still just watch television for something like developments and the news about something so if we want to promote bitcoin then we should do it both in the internet and in television at the same time to get good results. I think there is no illegal in promoting in television so we will not have any problem. |
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There are no prerequisites for the death of bitcoin, I do not see. This can happen only in the case if bitcoins will be a worthy competitor. Any state can attempt to do something like that, but who trusts the government?
No demand in the market, no miners, no supporters, no development. Those are just a few scenarios that can happen in bitcoin and it will make bitcoin instantly death in terms of price and market so i think we should avoid those things because those things are the common cause for a cryptocurrency to die. So if we do things against those causes then we will probably avoid them. |
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I don't think that Bitcoin will just end up like Yahoo because we have continuous development and that makes bitcoin stronger and it will make bitcoin more valuable in the future. If we will continue doing what are doing in bitcoin (Continuing the development, supporting and many positive things) then we will not expect bad things anymore.
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If I joined Bitcoin, this is to save as many bitcoins as I can for future generations, because it could be very valuable at that time.
Yeah, bitcoin is one of the best currency to save because bitcoin is like gold that its price is keep on rising and after a few years it will cost a lot of money so if we save enough bitcoin then we can say that we already secured our financial future. Most of us are here in bitcoin because they want to save for future and experience financial freedom. |
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A technology of money. It makes it easy to increase my earnings that keep me here.
I don't know how you increase your earnings in bitcoin, but I think it is great that it can help you. I also want to make some good earnings here in the forum by joining ignature campaign, bounty campaigns, some services and investing, I also want to do trading but it seems to be tricky. For me, bitcoin is a digital currency, which is so volatile and can give you profit in a short term. Indeed most of us assume that bitcoin is a technology that supplements our income, and it is undeniable that most of us are only after signature champions, But if we know more about bitcoin, we will get more benefits. I agree with you, it is all about deepen our knowledge in something because if we will just focus in making money in bitcoin like in signature campaigns then we will not reach the true essence of bitcoin so it is advisable to study more about bitcoin and try to explore other things that is related to bitcoin that can help us to get more benefits and even more money. |
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In 2014, all the cryptocurrencies including Bitcoin was banned by the government in Ecuador. This was followed by the introduction of the country’s own digital currency, the Dinero Electrónico.
However, defiant Bitcoin users still continued using Bitcoin and other cryptocurrencies. In fact, Bitcoin use in Ecuador has spiked due to the recent price rise.
Do you think that the Ecuador government will freely allow the use of Bitcoin as its popularity increases?
Sooner or later Ecuador will be also be forced to accept bitcoin into their economy. Japan and Switzerland has already adopted bitcoins while other countries have allowed the use of bitcoin in their area. With bitcoins present in an area the business industry has become lively and active. If Ecuador will not accept bitcoins then they will be left behind. Russia is the next country which is planning to adopt bitcoin. I think many other countries will follow that experience and Ecuador will have no choice, it will just be surrounded by bitcoin adopted countries. They banned bitcoin only to give a birth their national crypto currency, which actually didn't reach such success as bitcoin did and continue to do. I am sure that sooner or later they will just have to change their position about bitcoin and other crypto. Russia is one of the big countries that will adopt bitcoin and the next is Australia that will make bitcoin as a regular money in the month of july. Ecuador banned bitcoin because they don't see potential but just like you i think that they will change their position if they will saw some good potential in bitcoin and if the other countries already adopted bitcoin because it means a good potential for them. |
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At the moment , I think it's still risk for me to move my all money into bitcoin since bitcoin still consider as risky investment not currency
So my better option still convert my money into gold or other well known investment that have been legalized by goverment Gold can be quickly made illegal If things start to go massively awry for the government (as it had already happened in the past). Whether this will have any effect or impact is another question though. If you are looking to preserve your wealth, gold may well be the best option currently available (at least, regarding passive investments), but you should have this wealth in the first place. If you are only going to build it, gold is not the investment you should be looking into since the profits it offers are marginal at best and on par with dollar inflation over long terms I don't think that I will ignore gold if a massive financial crash happens. I would be more interested in preserving my wealth, rather than aiming for profits. Gold is the most suitable asset for this purpose. The other assets such as fiat currency, equities, treasury bonds.etc can become worthless if the economy crashes. I will do the same thing like you, Gold is one of the most precious metal and it is a good asset to put our money for investment and preserving because in the long run even though there will be financial crisis then it is just for short term because after 10 years everything is normal again and our gold that has been bought at the financial crisis event is already give us good profits. |
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