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Bitcoin is not a magic wand which will pop up from the sky without mining hardware. You need to have a mining hardware to start mining any coins. Otherwise you will have to invest in cloud mining companies to buy power from them.
I know two websites where you can start mining without any hardware. If you are interested, please PM me and I will guide you accordingly. But you have to be patient as the earning will be low. If you want to start earning bitcoin or other coins, pm me and I will guide you through web mining, for that you need to have high speed internet.
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I disagree with your idea as bitcoin is not a commodity. So bitcoin promotion can't be done through commercial advertising. This way, people will know the name of the bitcoin but they will not go to the internet to search for this. So the purpose of bitcoin will be defeated.
Secondly, bitcoin is not owned by anyone, so who will create the advertisement and pay to channels to play it? That's a big question. Only a bitcoin related business can do that. But they will again promote their business only without actually promoting the bitcoin. I think it is better to run poster campaign through search engine and at the related websites.
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For your e-commerce store, I will recommend you to use coinbase service because they will deduct no fees for sending out payments. So it is a great savings to you. However, I won't recommend keeping a huge amount of bitcoin in coinbase account because if they goes down, you will suffer a great loss.
For transaction, coinbase is great. But for storing you bitcoin, use hardware wallet. You will have to download the entire blockchain which is huge, but it is worth the security you will get from it. After all, saving money in a secure place, is all we need to do. So hardware wallet is a great place to store your hard-earned money.
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I won't say that bitcoin is the future of money, but it is definitely a revolution. Bitcoin has changed the way of internet payment system and people have started using bitcoin for investment as well. So I won't limit bitcoin as money. It is a innovation that has a power to change internet related business.
But on the other hand bitcoin doesn't qualify to be called as money as there is no central authority for bitcoin and no country is issuing that. So it is better we take bitcoin as it is without getting in to definitions. Bitcoin is a great payment system and an awesome investment which can fetch a much higher return that any other conventional investment.
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Lol!!!
That's my reaction when you say that you want porn industry to accept bitcoin for good. It's good for you that you want to spend something way more precious for a simple pleasure in life. You want to spend bitcoin just because you don't want to loose your hard on. Freak!
Boss, if you want to spend bitcoin to porn sites, please sell those bitcoins to me, and I will provide you hard cash or bank transfer. You keep on paying to the porn sites via bank transfer while I will enjoy the huge upside potential of bitcoin. Treat bitcoin as an investment which will fecth you much higher return in future, instead of spending it in to porn sites. Take my advice for good!
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There are basically two sides of it. Gold is a tangible asset whereas bitcoin is not. Gold is a legal asset and bitcoin is still under confusion. So it depends up on the investor and his risk taking capability. If a person want too earn much higher return along with a significant amount of risk, then he should go for bitcoin for long term.
But if one investor, want a safe and legal way of investing and want to play safe, then gold is a better option for him. But one thing I must agree that, the return on bitcoin is way much higher that any other conventional investment. But for safe players, gold is a better asset to invest in.
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Bitcoin mining won't be profitable to anyone without few PH/s of power. Only tech giants will be able to afford such kind of hardware and maintenance cost. So if these tech giants get in to bitcoin mining, then they will get a major share in to bitcoin within a very short period of time. Also in the other hand the bitcoin market cap will be increased and the price will follow suit. The general bitcoin users will be benefited.
If they get in to altcoin mining, it will again help to stebilize the price of of that particular altcoins. Specially ETH or Monero. Similar way, the price of these altcoins will be increased as the public trust will be increased for them. Overall, I don't see any downside of it.
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Received the payment. Thanks a lot!
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Hi, OP, I have completed the steps mentioned in the skype.
Please send 0.015 BTC as promised.
18BN5y2mSjH6pbSPjjVgVM9jQdSuijYD4R
Thanks.
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Being a pioneer in the crypto currency market, bitcoin will remain popular for the times to come. But yes, if the price becomes stable, then people will slowly stop trading with it and the market cap will go down, which will bring down the price of bitcoin.
I think the charm of bitcoin is the changing price and huge upside potential. People believe that bitcoin will become huge one day and with that belief people are storing bitcoin for good. If the price would have been stable, then people would have invested in many other altcoins. Bitcoin's popularity would have taken a stroll.
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I don't agree with this opinion that bitcoin doesn't have any competition. I would rather say that every single altcoins are the competitor to the bitcoin if not a threat. Due to the huge numbers of altcoins, bitcoin is not getting the desired amount of investment which is ver much needed to increase the market cap. The investment is getting divided and hence bitcoin price is not increasing as envisaged.
So the competition is not a direct battle, it is indirectly harming bitcoin and its growth. So this way I can say that bitcoin has competition in the market.
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I use more than one bitcoin wallets including hardware and web wallet. I store most of my bitcoins in to hardware wallet and a little amount in my web wallet for the need of trading. I think it is always better to use more than one wallet and divide your holding based on the priority and usage.
So if any one of your accounts is hacked, then at least you will have some in your kitty. Not all of your funds will be lost and you will have something to survive. This is the similar reason why people use more than one bank account.
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Bitcoin is not a magic wand that will kill the income tax. Bitcoin can't do that. But yes, some people will use bitcoin to avoid tax for sure. But take bitcoin as a boon and not as a bane. Earn, save and spend bitcoin actively and you will see the power of bitcoin.
Let the criminals do whatever they want to do. People will use bitcoin for this purpose, but that will not effect the genuine users who actually discloses his bitcoin earning in the income tax file.
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bitcoin is serious money to me because I am thinking big with it. Even though I have a day job and I am earning a good salary, I am still trading in bitcoin market and saving my earnings in a secret place. Because, I want to save that bitcoin for a long time from now and then I will sell it for good.
I am trying to create a parallel income stream by investing and storing my bitcoin. SO if any emergency arises in future, I can take the help of my bitcoin if my savings is not sufficient for that need. So bitcoin is pretty serious money for me and that is the reason why I am maintaining more that one account for storing my bitcoin.
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My simple answer will be trading. Trading was always a great source of bitcoin and it will remain the same since mining has become non-profitable. Also I won't recommend cloud mining to anyone as it is just another form of ponzi. The main difference between cloud mining and ponzi is their sustainability. Cloud mining usually sustains for a decent amount of time where ponzi disappears faster.
I am trading since the beginning, and I can vouch for this method. If you know how to trade, you can make a decent amount of money from trading which other methods won't give to you.
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I won't say that bitcoin is the best future currency but it has the potential to become one of the best but not the best. The reason being, bitcoin doesn't have any central regulatory authority and not backed by any physical asset. Bitcoin is simply backed by the people's trust.
However, I never underestimate bitcoin and I know it has a very huge upside potential to become big. That is the reason why I am storing every single amount of bitcoin I earn. I have a plan to store it for another 5 years and then I will sell it. I hope I will be able to turn few of my dream turn in to reality with the power of bitcoin.
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Hi, i have added you in skype. Plz let me know the details
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The best thing i like about bitcoin is its enormous potential to grow. Bitcoin can reach upto any price in near future. I accumulated most of my bitcoins when the price was at 450 usd, so I am sitting on to a huge profit just by holding the bitcoins.
I think the price is the best feature of bitcoin and that is the main reason for me to use bitcoin. Maybe it will help me to achieve my dream someday in future.
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