I think Bitcoin has defeated gold in terms of rare of growth but it is far from defeating gold in terms of popularity and acceptance.
Rate of growth will always be high, if the base is really small. As of now, Bitcoin is having around 10 million users. And adding another million will result in a 10% increase in the user base. On the other hand, gold is already having 1 billion users. Adding one million would mean an increase of just 0.1%. |
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So Bitcoin is better than Gold?  Practically speaking, bitcoin is much better in our time. We are in the digital age where everything is exposed to technology. Unlike Bitcoin, Gold is naturally occured and will be gone soon. Bitcoin now is very popular most especially because it is made possible by internet. Gold is not that rare. Till now, more than 180,000 tonnes of gold have been mined from the earth's surface. Much more of that metal is lying in reserves, where the extraction is not profitable at the current prices. |
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I know if you had your money on coinbase you will not get anything,but what about for people on electrum or with trezor wallets?
I read somewhere that Coinbase will be distributing the Bitcoin Cash coins by the end of this year. But it was really stupid of them to not to distribute BCH earlier. It got a lot of their users angry, and at least some of them filed legal suites against them. |
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In India, gold is rapidly losing its attractiveness as an investment asset. During the past 2-3 years, gold investments have given minimal returns, partly due to the fact that the national currency has risen by around 10% during the same period.
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The last time when similar news came out was in 2013 December. And then, the prices crashed by as much as 30% in 24-hours. But this time, I think that the effect will be more moderate, due to the huge increase in user base.
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Japanese hardware and North European electricity is not a good combination, as both of them are expensive. The Japanese goods are some of the most reliable in the world. But that doesn't mean that this operation is going to be cost-effective.
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Most of the Bitcoin users rubbished his claims when he went back on his word, on moving the Satoshi's coins. But I am one of those few individuals who still believe that there is a strong chance that Craig Wright is actually the real Satoshi Nakamoto.
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I think that I first heard about Bitcoins, when there was a not of negative publicity about the dark markets such as Black Market Reloaded (BMR), Silk Road, and Agora. I even made an account in Silk Road, but never purchased anything from there.
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It is far more better to invest money than to save money in the Bank because investment has proved to have gave great return to investors More than savings. For now investing in Bitcoin and other cryptocurrency is more reliable and has a great return More than gold and real estate. Bank only thing about their interest and what your savings will give them and not what it will give you the owner of the money.
I can't assure you that Bitcoin will provide you with better returns when compared to gold and real estate, but I can say for sure that bank savings deposit is not an ideal way to save your money. Because in most cases, the savings interest rate is lower than the inflation rate. And that means that your net wealth is declining despite keeping your money in bank. |
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There are lots of people engaging on trading rather than working now as they can stay at home and can took care of there children and watch them. It's a smart choice to stay at home and do some household choirs whiles you can earn at home on trading and id you would like you can still invest on some program.Whales are active when there is a fluctuation of price seeing a right time to enter the market.
Complete BS and ridiculous logic. You can stay at home, if you have won the Powerball jackpot. But you can't stay at home saying that you expect yourself to gain 10x profit from trading in a single day. Trading is a two way process. And especially with a high risk asset such as Bitcoin, the dangers are quite obvious. There is also a chance that you may lose all of your life savings in a matter of few hours. |
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In order to ban Bitcoin, you need to ban the internet. And right now it is not a viable option. As long as internet connection is there, it will be possible to transfer coins from one account to another. That said, the governments can make it difficult for the users to convert their coins to cash (or vice versa), by blocking the exchanges.
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actually the day is already too late. because the bitcoin price has reached 4,500 $, but we will not know whether btc will be pumped up again? it's better to start than we just become spectators
As long as the number of users keep on increasing, we can expect the exchange rates to remain stable, or to go up. So right now, it is not a bad time to purchase Bitcoins, provided you have liquid money with you. And also, there is a very real possibility of a pump occurring in November, when the block size limit is set to increase. |
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We need a more uniform fee structure. The average fee goes as high as 400 Sat/Byte sometimes and when the load is quite low, it can be less than 5 Sat/Byte. For example, during the last block (483690) transactions even with a fee of 1 Satoshi/Byte got confirmed. And as of now, there are only around 1,900 unconfirmed transactions.
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Bitcoin price is up again on 4300$ an it keeps grow up again. Also the ethereum price is now 311$ from 298$ that was a couple of hours ago. China banned only ICOs, it didnt banned cryptocurrencys because that is going to be very hard and they dont have a reason to do that
Now the Bitcoin prices have climbed back to $4,400+ levels. I hope that now the $5,000 mark will be achieved within a few days or weeks. But I am still surprised at the impact which the ICO ban had on the Bitcoin prices. I never expected the BTC exchange rates to go down, as the ICOs don't have anything to do with the Bitcoins. |
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The exchange rate of Ethereum has almost halved from the peak prices of around BTC0.14 to BTC0.07 as of now. And IMO, it will continue to fall, although the decline will be somewhat slowed by the tokens. Even at the current prices of ~$300 per coin, Ethereum looks quite a bit overpriced. And how can you justify a market cap of $30 billion for a currency, which is used by less than 1 million people?
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Obviously a communist government is going to have problems with the ppl making money without government interference. Might be, Chinese trick to buy everything in the market and make domination. I guess, time to add more coins to your long term portfolio.
Crypto-currency can be a headache to the Chinese government, as they are using the Yuan which gets devalued every two or three months. People are constantly looking for an option to preserve their wealth from the devaluation of the national currency. But then, obviously the Chinese government don't want the citizens to do that. |
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There is ofcourse a time that you must sell it. And that time is indeed not now. I hope later that more people will sell it later in the future. But maybe we can sell it later. And you can see that the value now is rising slowly and that is very good. Its just a matter of time if you ask me because the bitcoin will go to a high amount later or sooner.
In future, it may be possible to purchase luxury vehicles and villas directly by making payments in Bitcoin (even now such listings are available through Bitpremier, but there is not much variety). So I don't think that converting your coins to fiat may become mandatory in the near future. |
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A few days back, I got one from Bitplastic. The limits are quite low, and the fee is very high. But still, I thought that I should get one. In India, the government is generally suspicious of Bitcoin activity, and there is a real chance that they will shut down the online exchanges. In such instances a debit card will become very useful.
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Statistically issued by government, there may notbe any effect of bitcoin to unemployment. But if examined more deeply, bitcoin makes unemployed can make money by utilizing internet. Many unemployed who have a huge income from bitcoin.
Unemployed seldom makes money from Bitcoin. If you don't have the necessary skills, then you can't earn BTC. However, there are hundreds or even thousands of new jobs created every day, as a result of the Bitcoin boom. A lot of people have become rich as a result of investment in Bitcoin. But this represents only a very small fraction of the overall job market. |
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Advice, tips, speculation please.
12 BTC! that's a huge amount of money. You should keep it in your wallet and do not let anyone know your key. Or you can sell it now, the price of BTc is very high, that is a big money, you should use that money to invest in some new and cheap Altcoin. After a while, maybe it will grow and bring you a lot of profit. Or you can store that BTC in your wallet and wait some day in the future when the BTC price is higher now. If I was in his place, I'd keep all of those coins in cold storage, or in a hardware wallet. And one more thing. I would advice everyone against investing in altcoins. A lot of new altcoins are emerging everyday, and many of them are having shady people behind their emergence. The altcoin boom is really looking like a hyper-inflated bubble right now. |
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