I can't say exactly about users of bitcoin. But recently there was a study by CCAF ( Cambridge Centre for Alternative Finance) which stated that more than 3 million people are into cryptocurrencies at present and actively using it.
I think it is still not enough for the amount of people using cryptocurrencies because there is still a lot of people who are currently using bitcoin or any kind of cryptocurrency around the world and they might not counted in that study that is done by the CCAF. In my estimation i think the number of users will go around 10-20 million of people as of 2016. Agree I think the number of population user bitcoin or cryptocurrency is 10-20 million. But no one can give exact number of total population of bitcoin user in 2016. What if this year for sure te population grow because look the price of bitcoin its very high so its mean if the bitcoin price is high maybe they have millions of people are now using bitcoin. And everyear many people investing in bitcoin so the population is still counting. If you will talk about the number of people using bitcoin then it is increase already by a lot because of the news and the hype of bitcoin and a lot of people now are interested in bitcoin because they see the price that it is very high and they see a lot of potential for bitcoin and for sure that estimation is not enough for now because it already higher than that because people now are open minded and technology oriented. |
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Is bitcoin cheaper than other options for international money transfer? I have seen many agree with it and many dispute it, but not with hard numbers.
As other options are expressed in terms of a percentage (eg, 4% fees), this needs to be the comparison for bitcoin, at various amounts of money, despite that bitcoin transaction fees are apparently unrelated to the amount being sent. Let's also say for the sake of argument that a transfer within 24 hours is acceptable.
As of now, i can say that the fees of bitcoin transactions is still cheaper than the usual or traditional money transfer available international and i think it is wise to just use bitcoin and if you will send some bitcoins with a average fee then the receiver can receive the bitcoin within the same day unlike in international money transfer branches can take a few more days. |
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Trading is the best. Although I'm not engaging in trading myself, I have seen in my searches and other's opinions the effectivity of trading. I've tried faucet but it didn't end up successful. I also tried gambling, I won a couple of times but I ended up losing. I think trading is my chance haha  Faucets will take you no where in future and it will only waste your time and gambling is not recommended as the chances of loosing are higher then winning so the most concrete way to earn bitcoins is from trading which will give you regular profits at regular intervals. I completely agree with this one, it's not for long term and we are not kids to do faucets, let look for a more legit way of making money. Joining a signature campaign gives me money than faucets and you still learn, that's another incentive. Signature campaign is still the best if you will compare it faucet sites because faucet sites didn't pay fair rate for your effort and time because the most concern in faucet sites are the visitors of the site because they are earning from the revenue of the advertisement that is being displayed in their site so they don't care for the earnings of the users but just the visits on their site. |
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I hope the country can accept bitcoin because it makes my future even better, that's my hope bitcoin.
It is easy for a country to accept bitcoin because of its advantages and features, i think the countries just need to notice bitcoin and if they will notice bitcoin then they can easily study it and do a lot of research about it and after that they can easily decide if they will accept it or adopt it as a currency or not. |
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Another type of big news for bitcoin and if the market smells this kind of news then the price will spike up again and that is one of the greatest time when we are going to have a high price and soon if this kind of news will continue and if russia will continue to full implement bitcoin then bitcoin will touch at least 3500 USD for the price.
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What BTC for me, it is a coin that I can use to transact buying goods online. Because I need her in the future for my family to remain productive and keep it up anytime.
For me, bitcoin is not only for transacting and buying goods online because we can use bitcoin as a good source of money because of the possible things that we can do with it like trading and investment that can generate a lot of money for us which can make us rich in either short or long period of time and the best is, it is for the future currency that can change the world. |
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I would say trading, with the current surge in BTC prices trading it against USD can be very profitable particularly with the upward trend.. Also trading BTC to Altcoins can be very profitable particularly the coins on the rise like Ether which is closing on the $200 mark.
Risky but worth, if you can master trading you will not gonna find another job again, in trading you can make a good amount of money especially if you start with a decent capital and you do not need to spend a lot of time, that's how convenient trading is, we can have more time to our family if we learn how to trade. There is no doubt that bitcoin trading or altcoin trading or even just trading is very worth it to try because it is not that hard to study and learn because there is a lot of guidelines and also at the same time there is a lot of things that you can find in the internet so you will have a brighter future in trading because all of the tips and tricks are mostly in the internet so it is very worth it to spend our time to learn trading and soon make a lot of profits. |
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If they lose the keys for their wallets even that is private keys or backup phrases like the usual wallets right now then it is not possible anymore to recover those amounts of money and it will be lost forever and the only thing that the person can do is to be careful in securing their accounts next time so they will not be worry about losing the keys for the wallet.
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I use web wallet. It is available all times and everywhere.
That is the pros of a web wallet because of ease to access your account from them but if you will talk about cons or the disadvantage of that then it is very risky wallet to store a low of bitcoins because a lot of people now are storing bitcoins online and its attracting the hackers or criminals online to have a interest for bypassing any kind of online sites and that is a threat for your money. |
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If You were Satoshi Nakamoto, Are you going to reveal who you really are? If not, who are you really? Even satoshi nakamoto will think a lot of that before he reveal himself because it is like taking the risk for being hunted by the criminals for the sake of money. If i were satoshi then it will not reveal my self but i will just make at least a voice message for other people in the world to proof that bitcoin is not scam like the way they think about it. |
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There will be no final price, bitcoin will be getting more and more expensive if there are a lot of demands and will lost its value if no one used it, so the price will always unstable and will never be final, same thing with the gold's price, as long as there is transaction the price will keep on fluctuate
I agree with you, there is no final price for bitcoin because it is on the open market and open market means decentralized it is not controlled or being dictated by someone and it only depends on the demand of the people in the market and if we will just continue pursuing bitcoin and keep buying and selling or maintaining the cycle then there is more chance for the price to pump more. |
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so far, i've been asked by less than 10 people which is my friends and my family. my friend is asking about what is bitcoin and how to join. if my family, they asked about how we can make money from bitcoin, and how we can withdraw our bitcoin. so far i can explain to them and i think soon they will join like me.
They will 100% join the bitcoin community because for sure they are attracted by the bitcoin price now and they also realized and see a good future of bitcoin in the next years and that is why they are asking your about bitcoin and asking for help to teach them. This is one of the awaited moment for us bitcoin users because this means adoption of different people for bitcoin and it will be a good additional for the demand in the market. |
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My wallet is as empty as a shell now, But I still feel refreshed when checking it in blockchain particularly for this reason, You do feel the money had "grown" and it gives me motivation to better spend it later on, since even holding it is profitable enough.
Just continue holding bitcoin and keeping it for long term because you are right that it is profitable enough for a person who doesn't like too much risk for growing money. Even though there is a lot of way to grow your bitcoins or have more sources of it, holding bitcoin is still alright and the most safe method that i know for making money. |
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I am sad and happy, sad because I exposed the scam cloud mining 2016 around 4 btc, but I'm glad because I buy more 6 btc as prices $950 about 6 months ago, I will not sell bitcoin, thus buy more of it.
It is alright if you exposed or even got scammed in cloud mining because it is not that sure to make money in those investments because there is only few of legit cloud mining sites in the internet and if you were going to ask me, they are not profitable in long term and it is better to just buy and hold bitcoin rather than that. |
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it funny to know that in 3 sec you get 5 BTC free. But my disappointment is hard to get 0.01 BTC for one week. thinking that it is unfair to those people working hard to earn 0.01 BTC. and fortunate to those people receiving free 5 BTC in 3 sec... Those people are early birds and early birds are always thew winners or one of the luckiest person in the game. So if you are a lucky person and you are in that time then you already enjoying a lot of profits but if not then the only thing that you can is to work hard because that is true for a newbie, it is hard now to earn at least 0.01 bitcoin per week. |
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for the past days (mostly brand new accounts) were asking for why the price is so high and when will it come down so i can buy after the "drop"! so to all of you: here is the drop you were waiting for, now it is your chance. lets see how many of you will take this chance. i keep seeing the same thing happen. the most recent one was with the $1250 rise that everyone was saying iti s too high  then price dropped down to $888 and most of those people who were saying it is too high were still too scared to buy bitcoin. and now it is above 2K and we are experiencing the same thing. will you remain scared or will you buy this time? If you mean remain scared or waiting for the next dumps then i will say yes, i will wait for the price to go down a little bit so i can buy more quantities of bitcoin at a lower rate of price. There is a lot of news that i read that the price is experiencing some price correction because of the price rally a few weeks ago and i believe on that and i will just wait for the price to reach at least 1500 USD to consider as a buying opportunity. |
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Currently speaking, those even holding few dozens of BTC can be considered wealthy considering the value of their money quadrupled since the beginning of 2017, Perhaps few years later we be reaching the highly admired goals of $20,000 or so and bitcoin holders become the new wealthy elite.
A lot of old investors now are wealthy or rich they already made a lot of profit from their holdings or investments and most of them choose to just hold their bitcoin for a long time because they believe that the price of bitcoin can go higher again and that is why bitcoin is getting more demand because of the belief of continuous increase to its price. |
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The last time I tried explaining bitcoin to few friends, they did not understand it at all, So Stopped explaining and wasting my time trying to show them BTC and what they can do about it, However when you meet someone with a negative view, even explaining would be negative since he/she has an idea already but not supporting it.
That is what we need when we encounter close minded people if we are trying to explain what is bitcoin then they didn't pay attention or even try to listen to us then stop explaining and just leave them because you are wasting your time in explaining to worthless people who don't pay attention and if they want to know bitcoin but doesn't listen to you, then let them do their own research. |
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I don't think the ransomware has related for the recent price changes because the ransomware is just a small issue for bitcoin and bitcoin is not hacked or anything it just used for illegal activities like a gateway for ransoms like the virus that already spread a few days or weeks ago. I think the current price changes is depending on the movement of the whales since they one of the most reason why the price of bitcoin is on the top now.
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i think for now, there are still no bank that accepting bitcoin, but i don't now with the country that have accepting bitcoin for a legal like japan, korea, india and else. if that bank in that country is accepted bitcoin, then it would be good for us and if we visit into that country, we can trying too like other people.
I don't think even in those countries who already legalized bitcoin still their banks doesn't accept bitcoin because there is a risk for them if they will accept bitcoin for deposit to the accounts of their customers like the volatility of the price of bitcoin which they will either get profits or get a loss if they will accept bitcoin as a mode of payment in having a deposit. |
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5 BTC for free in 3 sec... today people are working hard to earn 0.01 BTC
