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7681  Economy / Economics / Re: Do You Think Bitcoin Will Replace Dollar Soon? on: November 25, 2016, 04:51:11 AM
No and never. I don't see any chance of happening this anytime in future. Dollar is the most widely accepted currency worldwide. Even people are also measuring the bitcoin price with dollar.

Also dollar is a government backed currency and also backed by a physical asset like Gold. So it is impossible for bitcoin to replace dollar. But yes, it may replace Zimbabwean dollar though Smiley
7682  Other / Archival / Re: Which one is better for bitcoin future? Mass adoption or huge price increase? on: November 25, 2016, 04:45:47 AM
Well that is a critical question. Both is having their own benefits. If mass adoption happens, then bitcoin price will eventually increase and reach to the intended target. However, if only price increase happens, then mass adoption may not happen.

So mass adoption is the better way for bitcoin in a holistic manner. People will come to know about bitcoin, as well as enjoy the price benefits simultaneously. So it is a win-win situation.
7683  Bitcoin / Bitcoin Discussion / Re: Best Bitcoin Business To Create? on: November 24, 2016, 10:18:10 AM
There are lots of business you can start to earn bitcoin and with bitcoin. Start a faucet, start an exchange or start a blog with informative article.

But the best thing you can do with bitcoin is trading. If you know how to trade, then start with a little investment and start trading in various exchanges. This method will give you the most return which other methods will not be able to offer you.
7684  Bitcoin / Bitcoin Discussion / Re: Great way to make Bitcoin! on: November 24, 2016, 09:25:42 AM
There are lot of ways through which you can earn bitcoin. Like the thread owner already pointed out 3 areas where you can earn good amount of bitcoins from your home computer. I totally agree with the first point. If you are good in programming or web designing, then you can earn a lot of bitcoins by providing service over internet.

Also there is one more way you can earn a lot of bitcoin, is the trading. Yes, if you trade using bitcoin, then you can earn a lot of money. But don't try to take much risk and always learn trading before you actually start doing that live.
7685  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin be replaced by another cryptocurrency? on: November 24, 2016, 05:04:32 AM
Impossible it self says "I m possible" so I would say nothing is impossible in the crypto world. But also you have to remember that bitcoin is a pioneer crypto currency with the highest market capitalisation. So it will be a very hard job to replace bitcoin if not impossible.

However, after 2023 bitcoin will become the most rear coin and then probably people will start looking for an alternative. So around 2023 we may see some other currency is replacing bitcoin. It may or may not happen.
7686  Other / Off-topic / Re: How much did you spent in the internet using bitcoin? on: November 24, 2016, 05:01:00 AM
You can buy a lot of things over internet using bitcoin nowadays. Porn, music, ebooks and most importantly services. If you want to build a website, you will find a lot of programmer is offering their coding service for bitcoin. So it has actually created a parallel economy in the internet apart from the conventional currencies.

However, I personally did not spend any bitcoin to buy anything from internet. I prefer to use my debit card for that and I want my bitcoin to take rest for another 5-7 years so that I can make my dreams come true. 
7687  Bitcoin / Bitcoin Discussion / Re: For what was Bitcoin created? on: November 24, 2016, 04:57:00 AM
Not every invention is intended by the innovator. So bitcoin creation might be an accident or something unexpected. Probably Mr. Nakamoto will be able to tell you guys the actual story.

But whatever happens, it is true that bitcoin has given us an enormous opportunity to make our dreams come true by creating an alternate source of income. That is really great. So enjoy the power of bitcoin!
7688  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin be used for Good? on: November 23, 2016, 11:56:29 AM
Definitely it can be used for good only if you want to do good with it. Don't know how good it can do to the masses, but certainly it can do good for your own lifestyle.

Just don't treat bitcoin as a regular currency and treat it as an investment or asset. More correctly an intangible asset. Hold it for another 5 years and you will see your money is touching the highest peak compared to any other conventional investment. So it can certainly do good to your lifestyle. Alternatively you must understand that bitcoin is not a magic wand so handle it wisely.
7689  Bitcoin / Bitcoin Discussion / Re: How serious is BTC to you? on: November 16, 2016, 05:39:30 AM
If you talk as a currency then bitcoin is not serious to me, but if you talk as an investment, then bitcoin is very serious to me. Because, I don't usually spend my bitcoins to buy anything. I have a salary income and I use that to buy for my living.

I am earning bitcoin only as an investment and holding it. I will keep holding it for another 5-7 years and then I will think about selling it. SO bitcoin is purely an investment to me and nothing else.
7690  Bitcoin / Bitcoin Discussion / Re: When will be see bitcoin as international currency? on: November 16, 2016, 05:30:28 AM
Why do you think that bitcoin is not an international currency already? It is an international currency and people from all over the world are using it. The only issue is the acceptance. People are using it and accepting it through internet but if you except government will also implement this currency in to their eco system, then it is a problem.

Most of the government will not want a currency to be implemented in their country which is not printed by them. otherwise, they will not have the records of it. Either they will start taxing on it or simply reject it. It is better that bitcoin remain as an internet currency only.
7691  Bitcoin / Bitcoin Discussion / Re: [POLL] Do you prefer your money to be in cash or bitcoins? on: November 02, 2016, 06:29:59 AM
I certainly prefer my money in to cash only and not in bitcoin due to the less acceptance of bitcoin in my country. However, I certainly will keep some of my savings in to bitcoin and prefer not to withdraw in any situation for next 5-7 years.

Because, I don't want to waste my bitcoins for buying groceries or mobile recharge. I certainly want them as an investment. So I will keep cash in local currency to meet my daily expenses and keep a certain percentage in bitcoin as an investment. I think that is the wise thing to do.
7692  Economy / Economics / Re: Let's Be Honest. We Are Waiting for $100/BTC to buy on: October 30, 2016, 05:09:13 PM
Not at all. I do not even think of that. If bitcoin goes down to $100, most of us will face a huge loss. My bitcoin network will become 1/4th of what it is now. So no I am not waiting for bitcoin to come down to $100. What I want is bitcoin to reach to new heights every day.

I have invested most of my money into bitcoin when it was at $450 level. So right now, I am sitting on a huge profit. I want bitcoin to reach $1000 level so that we all can earn a great profit and not losses.
7693  Other / Off-topic / Re: Is Bitcoin money ? on: October 30, 2016, 05:00:00 PM
Technically speaking, bitcoin is not a money but it can be considered as an alternate investment which can fetch a much higher return than any other traditional investment.

If you want to spend bitcoin for silly things like recharging mobile or buying groceries, then you are welcome, but then you will be throwing away the chances of being rich in future. Bitcoin has a very high upside potential and you should not spend bitcoin for silly things. better you store it for longer time and unleash its power.
7694  Economy / Economics / Re: Is Paypal a scam? on: October 28, 2016, 03:41:20 PM
I have been using paypal since last 8 years and I never had any issue with them. I agree that paypal is stricter in KYC because they work in conjugation with the local government. So they have to maintain all these.

So if you have your KYC done and transacting within the prescribed limit, there should be no problem with paypal ever. My account is a verified account and I have been transacting with them smoothly since last 8 years and never had any issue till date. Just remember, paypal is not a place to transfer your black money and even if you do, do it in smaller amounts.
7695  Bitcoin / Bitcoin Discussion / Re: what happen with bitcoin after not mineable? on: October 28, 2016, 03:36:50 PM
After 2023, once the bitcoin will be stopped from mining, then bitcoin will become more exclusive and rare coin, increasing its price to a higher level ever seen. Even as on date, only 1-2% of total bitcoin users are miners and not more because of the mining difficulty.

So the mining stop will push the price of bitcoin to an uncharted territory never seen before. However, I came to know that the bitcoin core committee is now thinking to increase the life of bitcoin so that it can be mined even after 2023, but not sure.
7696  Other / Off-topic / Re: Do you use multiple Bitcoin Wallets to store your Bitcoins? on: October 28, 2016, 03:09:30 PM
Yes, I do and it is the wise thing to do. It is not suggested to hold all your bitcoin in a single wallet. You need to have a secret account which you will never disclose to any public forum.

Another account you can keep for trading earnings which will be linked with the trading account. You can have one more account to receive earnings from signature campaign. Once these account will have some good amount, then you can transfer it to your secret account to store it safely. Diversification is always good.
7697  Bitcoin / Bitcoin Discussion / Re: Do you think bitcoin is one new step for sucess. on: October 28, 2016, 11:40:48 AM
Certainly yes, only if you can use it properly and towards a proper direction. However, if you are excited about buying groceries with your bitcoin or thinking about recharging your mobile using bitcoin, then you are not moving towards the way of success.

Bitcoin has a huge upside potential but to see that day, you will have to wait for some more years. The more the merrier. Earn bitcoin and store it without using it. Then after 5-7 years, see its price. I guess, you will be able to buy something really important with this bitcoin then.
7698  Other / Archival / Re: Do you agree with idea "Bitcoin bank" ? on: October 28, 2016, 08:05:50 AM
I really do not agree with the idea of the bitcoin bank unless and until it is being started by a trusted corporate or any big agency. Trust is the main factor behind the idea. If any unknown company starts this, they may scam you and run away with your bitcoin holdings.

Also if you are keeping your bitcoin in a bitcoin bank, then you will have to disclose your bitcoin holding to the government and they will start taxing you. So for the betterment of the bitcoin fraternity, keep your identity secret and use secret wallet.
7699  Bitcoin / Bitcoin Discussion / Re: FUCK! The Bitcoin is dead again. This time for sure. on: October 28, 2016, 07:50:08 AM
If you are thinking that bitcoin is dead for sure, then can you pleae transfer all your bitcoin to me? I will be ready to take responsibility of your bitcoin gladly. I will never complain to you. Can you do that??

I don't understand why people like you are trying to demoralise people from using bitcoin?? I guess, you just want to buy bitcoin in a cheaper price. Don't do it, let people use whatever they want freely, not everyone is a fool, they know how to make better choice. And frankly speaking, as of now, bitcoin looks like the best choice to invest in apart from any other currency you had mentioned in your thread. 
7700  Other / Off-topic / Re: Should I convert my savings into Bitcoin? on: October 28, 2016, 07:46:26 AM
Never ever do that. Don't convert your entire savings in to bitcoin, then you will be taking huge amount of risk with your savings. You may loose all. So choose a percentage of your savings and convert it into bitcoin for good. Take it as an investment with huge upside potential.

Also have a healthy mix of your savings in bitcoin as well as fiat currency, so that if any emergency occurs, you can quickly get some money to control the situation. For bitcoin, it will take some time to convert it in to fiat currency and then the situation may get out of your hand.
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