Its really obvious that cash is better than bitcoin because think of it. What is the first money in the world? Money right? Bitcoin is created year 2009, So cash or money is more important but for the people in generation now, they think bitcoin is better than cash because it can be alternative payment for the expenses you pay and many sites or company has investing bitcoin.
If you will focus overall then cash is better than bitcoin but if you will able to see the problems and conflicts that we have now in cash can be solve or already solved by bitcoin and that is why a lot of people now are keep saying that bitcoin is better than cash and soon bitcoin will replace cash, there is a lot of statement like that and i think there is nothing wrong to believe to that statement. |
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If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?
Its sad to say but there are no bitcoin banks existing online. If you want to earn then just hold your bitcoins in your wallet and wait for an inflation. That way you will get more profit out of your investment. The only way to save in banks is to convert your bitcoin into fiat currency and then deposit it on banks. But holding bitcoin is much profitable than savings on bank. Saving bitcoin is a good idea to all bitcoin users. Saving bitcoin will help you and your family to sustain all your need in the future because bitcoin has a price of money that you can buy all the things that you want.Im glad if there’s a bank accept bitcoin as deposit of their costumer. Saving and playing the market is good for anyone that things they can do such a thing, otherwise investing it so it can grow on top of the principal is a good thing for those who have the means to do so. I don't know if Bitcoin is going to be able to make everything easy in the future for families but I guess if you live in the right areas it would. If I had the means, I would also now buy bitcoins in order to store them. I see the bitocco potential and therefore I'm not afraid to invest all my money in bitcoin today Do not be greedy and discipline yourself, investing all your money today is a risky decision because the price is high and it is good if you just invest up to the maximum of 50% of all your money because in that range you are safe from having a bankruptcy in the future and you will not be ending up blaming yourself from that decision because the coin that you are choose to all in is very volatile to its price. |
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Yes..because anything that is used as a medium of exchange is considered as money like golds,silver etc. .But unlike the real money it is just a digital currency or virtual currency.
Even it is just a virtual currency we can still take an advantage of that feature because it means easy to use and very convenient way to store our money rather than in just banks that has very cheap rates to grow your money. Bitcoin is the next type of money that will dominate the world's market and will be the new kind of payment very soon. |
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A legend doesn't die it simply surprasses it's challenges issues like scaling debate? Malleability? Will get solved immediately if segwit gets activated.
And recent malware that is robbing the users bitcoin is not the crypto-currencies fault but the government and the OS provider itself which is microsoft. The government or to be more specific NSA should have told that there is critical vulnerability in windows.
Why would a digital currency get blamed by this?
The government knows it is not the fault of bitcoin because it is a valuable invention, it doesn't affect badly with bitcoin and we see how the price pump even if the segwit is not yet activated, people are really speculating positive outcome when this things will be activated. Further, the market can benefit bitcoin with faster transaction and I believe it will help the price increase more. The government doesn't have a connection or relation with bitcoin because they are both against from each other and bitcoin is created to solve the current issue or problems that we are facing because of the fiat money that has been made by the government while government is against of bitcoin because they know that they can get defeated by bitcoin if they will just let bitcoin do its wants. |
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Bitcoin will continue to grow as more and more because every people will think bitcoin is a very good investment. At least it's all our hope That's what we have seen in last 7 years. The journey of bitcoin has highlighted it's potential and a clear picture of the future. Currently not even 0.5% of world's population is using bitcoin but most of them are using fiat currencies. Just imagine what could happen if we could grab at least 5% share of world's population in bitcoin user base? I don't have any doubt in my mind that the price is going to rise. People now are getting smarter and embracing the technology of our world and for sure we already surpass at least 10% of our world population and they area already using cryptocurrencies for trading or such a good investment for their portfolio and if this kind of adoption will continue then it will be a good future for the early adopters because the price of their coin will be more expensive in the future. |
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Do you think the richest families or personalities in the world would be interested in using bitcoins??
And if so, would that be a good thing for us small people or negative??
I mean rich people are capabale of so much things, so it makes me wonder..
Some rich people are interested in using bitcoin and some are using it already, and I think if they will be using it more that's a good thing. Since it is very unlikely that any rich family would spend over $36 billion to acquire all BTC, I think we are safe.  People who are from medium class I see are investing a lot, for medium class I say people who can afford to buy a new car when they want, have nice vacations when they want and don't mind hospital spendings, at least in my country this is what defines a medium class family. Person from these families or young people who are technology related are buying a lot of mining PC-s, I see in my country the RX 480 is out of stock in every major vendor of electronics. I disagree with this. What about big mining farms with hundreds and sometimes with thousands of Antminers? Only very rich people can afford that. You can mine only altcoins other than Bitcoin with RX 480 these days and although I don't think it's a wrong move to mine them, we have to admit that Bitcoin mining more and more becomes a prerogative of the rich. A lot of people now are into mining because they see that altcoins are profitable for mining and most of the miners that i know that are only small timers only mine ethereum because it is on a high price right now and they are taking advantage of it before the ethereum turned into PoS so they can still have a chance to mine and hoard. |
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All big payment providers already are looking for ways to legalize this crypto coins. They cant simply ignore this payment method unless it will used for illegal transactions. Both Skrill and Neteller are accepting bitcoins as deposit method. Paypal accepts bitcoin debit cards. Guys, time goes and there isnt any space for fiat money in future. Bitcoin will find it's real value when price will hit 15000$ on market  I agree with you, the price of bitcoin is very cheap and for sale and soon it will pump more for a higher price in the future and it will happen if almost all the popular companies will accept bitcoin because bitcoin is the future type of money and there is a chance for bitcoin to be close for being widely accepted like the dollar and it will be a very historic moment for us. |
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LEGALIZATION OF BITCOIN EVERYWHERE IN THE NEAR FUTURE
SAVE SAVE SAVE!!!
BITCOIN WILL SOON OVERTAKE BANKS AND OTHER NOTABLE CURRENCIES IN THE WORLD.
I HAVE SAVED UP TO ALMOST A 0.4 BTC AND STILL YEARNING FOR MORE THAN EVEN 1BTC.
BUT DOES ANYONE COME TO REALISE IF BITCOINS WILL BE CLOSED SO I DON'T INVEST ALL MY MONEY INTO BITCOINS?
You should just continue saving bitcoin because the legalization of bitcoin is keep coming and more and more countries are now accepting bitcoin to their country and some of the government already made bitcoin as a legal currency so expect more demand in the market that can make the price even higher so saving at least 1 bitcoin for the future is still a smart idea. |
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If this happends in 2020+ I say to myself in the future that I bought a house and a car from bitcoins and much more and still holding 1 btc at least.
I also believe that 1 bitcoin will be enough for us to buy a car in the future because it is very possible for bitcoin and soon it will become even higher than that so the only thing that we need is patience and motivation to be able to hold our coins for that long but if you are a true believer then you can actually hold it for 3 years or more. |
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If i will just stored my bitcoins in a hard wallet then for sure they will cost too much in the future because the price in the future for bitcoin will be very high and there is no impossible thing to make that happen and i will just sell it in the future and use my money to build my own business for more profits.
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Can anyone tell which Wallet with lowest transaction fee both desktop and web wallet.
Thanks
Blockchain i think has the lowest possible fees on each transactions and xapo too,though xapo is known as the walllet with the smallest fee before they adopted on this bitcoins network error and raise their fee now Blockchain wallet is a good wallet because you can adjust your fees in that wallet which is a good option and if you got stuck transactions then you can use transaction accelerator which is also a good combination because you will save some time and also money because you not pay too high fees but received it on time because of the accelerator. |
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I think it is impossible, this is because in space there is no life so bitcoin will never use and in space there will not be able to buy anything,,,,  What if i tell you that there is a possibility for the people here to make a living outer space like the project about the mars where the people will try to survive in mars and because of bitcoin they can easily transfer money from the outer space to earth without having too much traffic and effort because internet and bitcoin is the only requirement. |
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Biggest regrets is that when someone ask to do invest in bitcoin i said NO that time is about $1000 but it past already. My biggest regrest as of today is that i didnt convert my BTC in to $ when it hit almost $2400. Im in the position of waiting for the price of BTC to go high again.
If i were you, i will not treat that decision as a worst decision because it is a lucky chance for you and its giving you a chance to earn more money in the future. If you ask me the best thing to do then you should just hold it for long term and wait for the price to pump until the next year because a lot of things can happen very soon. |
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Bitcoin isnt the cause of criminality and crime.
At the same time, bitcoin does give cybercriminals a way of receiving money alot more anonymously.
Yeah bitcoin is not ta cause of criminality but it has a feature that can be abused by the criminals which makes bitcoin prone to illegal activities like being anonymous when you use it so those not knowledgeable people for bitcoin will treat bitcoin as a illegal stuff because it was used to it and that is why a lot of people thinks bitcoin is the cause of most criminal activities. |
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Even though im still young at age of 17 im now preparing for my future family,saving as much money as i can without affecting my own financial issue at this stage.
We have a close age and i agree with you, even we are still young and under 40 years old we can still have a lot of chance and time to make sure that our future will be bright so we don't have to worry when we get to that point. I'm also starting to secure my future for saving money and also putting them in bitcoin as my main saving account because i don't like the banks because of its low interest rate. |
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I mostly use online wallets like blockchain xapo and many other online bitcoin wallet available now online,i also sometimes use exchangers address as storage of some funds for trading
That is a good option if you are just storing average amount of bitcoin but if you are putting like above 2000 USD worth of bitcoin in online wallets then you are in trouble because online wallets cannot be trusted that much because they are mostly like take care of you private keys so you don't have a chance to fully control your wallet so if their service will go down then there is no way to recover it. |
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The way of spreading of my bitcoin knowledge is not direct because i just post some of my earnings in social media site like facebook and when i got a comment asking how did i do it and how can i possibly earn that amount then i will tell them to send me a dm and i will tell them the instruction but first, introducing bitcoin to them in a simple way that they will love and understand.
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If i encounter with people who don't like in bitcoin, i will them the importance of bitcoin especially in our needs and most of all the uses of bitcoin in our billings. I want to tell them how bitcoin help to my needs and the better future of my family. And i still try to convince them, and explain the benefits of bitcoin and advantage. And i will prove to them i use bitcoin.
I agree with you, even they don't like bitcoin we should still try to convince them that bitcoin is a good cryptocurrency and we should not hate it because if we hate it then we are preventing the opportunity and the blessing to come to us so it is better to listen to me first and i will try to convince you, that is how i deal some of the haters of bitcoin and at the end, i still convince most of them and i'm happy that i tried. |
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i additionally observe a few statement or news about this bitcoin being a reason for criminal things like medications and terrorism,they are manhandling bitcoins anonimity highlight keeping in mind the end goal to do that illicit things uninhibitedly
There is nothing new if the criminals are using bitcoin for their illegal activities like terrorism because you said it right that it has a feature of anonymity and a lot of people now are taking advantage of that and that is we need to make sure that blockchain has a back up to trace the address of the sender for emergency purposes like this. I hope the bitcoin core team will think about that. |
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For me I think Physical BTC Wallets will last very long and it depends on the BTC wallet provider hardware on how they maintain those hardware.
But we can assure on those legit BTC wallets that they have strong foundation of software and hardware before they go on BTC business.
The hardware wallets will last as long as the owner didn't intended to break it because if he has some intention to break it then it won't last long my friend has a 2 year hardware wallet and it is still looks and performs like a new hardware wallet so i think it is up to the owner on how he will take care of his items like hardware wallet. |
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