This coin is as good as dead now.. I had faith on the dev but he disappointed big time. Neither he logs in to the bitcointalk account, nor he gives out any progress information.

The only good thing is that the free distribution has stopped since May 2016. But it was quite late. Many people have earned millions of free VAL. I don't see a very good chance that the coin will ever revive.

Certainly! Bitcoin is a decentralized peer to peer digital currency. So most definitely you can use it for online transactions. But my opinion is that, please don't use. Because you will be spending a fortune for silly things.

Buy superbikes and cars with bitcoin is ok. They may be in your dreams and you always wanted to get one. But buying mobile recharge and daily groceries is not ok. Fiat is the best things to spend for that.

Faucets are the only way where you can get bitcoin for free of cost without investing a dime.

However, all the other ways like cloud mining and trading will be required some initial investment. It is a good idea to buy a little amount of bitcoin using the fiat currency and start trading with it. That's how I have started after getting some funds from fauceting. Also you can try p2p loans. But again you need some initial investment.

Your question sounded like "why do u want to become rich?"

That's the main motto behind using bitcoin. It has an enormous potential to become big and anyone holding bitcoin bitcoin can make out a big profit out of it. I think that's the reason behind most people using bitcoin nowadays.

Frankly speaking I don't want to buy my daily groceries using bitcoin. I see it as an alternate investment opportunity.

Definitely not! The reason is simple, I don't want to revel my ass to the public. I have my own money making methods and I am happy with it.

Going to public means reveling your identity to everyone. Who know, probably the central regulatory agency will be watching that party members. Probably they will be tracked down later.

It is wise to avoid such gathering as per my understanding.

Bitcoin is a path breaking innovation because it changed the entire concept of online money. It came up with a concept that money can be mined through a computer program. It completely changes the thinking of existing online earners.

It has given the power to the common man by inventing a decentralized currency for the first time in history.

If I receive a small amount of BTC then I would definitely not return it. However, if I receive a serious amount of BTC like more than 1, then I will surely return it to the payment address after deducting the transaction fees.

Because. I don't know the source of the fund. Small amount of dirty fund is ok for me, but not any serious amount. So I will definitely return it.

No. Bitcoin can't end world poverty but it certainly can make a tech savy guy richer. However, if you talk about making payments, then definitely bitcoin can transfer funds from one place to another place faster but that is not going to end world poverty.

Because such kind of payment facilitator was present from a long time in the world like paypal, perferctmoney etc. But they did not help poor people. This way just by facilitating payment, bitcoin can't end world poverty.

Yes, you are correct by definition. It is a decentralized and peer to peer electronic currency. I too agree that there are many small service providers who accepts bitcoin as payment for their services.

However, lets do a small calculation: (assume, bitcoin price is now $675.00)

Today if you buy a fried chicken platter for $20 so as per bitcoin current price, you paid 0.03 BTC to the seller.

Now after some day, bitcoin price rose to $795 (which actually happened few days back)...so your 0.03 BTC is valued at $23.85. So you are making a loss of 13.85 USD on a single bitcoin platter.

In this context I said, it is better to restrain yourself from buying daily groceries using bitcoin and store if for a better time. Instead use your fiat do all these things.

Bitcoin was never meant to buy your daily groceries or fried chicken. It doesn't have the basic characteristics to become a normal currency like USD. Bitcoin is an alternate investment route and one should treat bitcoin like that only.

Invest for a long time and you can make your dreams come true. If you spend your bitcoin for buying your daily stuff, I'm sure you will regret one day for sure.

I can't see you in my followers list...however, followed you.

All followback done..Thanks!

bump 

Nothing is wrong and nothing is right. Bitcoin price is dynamic and it is bound to change. This latest price rose till $780 and many people sold of their holdings. That's human nature. They sold it because they have earned a massive profit.

However, one should remember that bitcoin is worth more than even $1000. So many people is holding bitcoin for long time with a hope that it will make their dream come true one day. I am one of them and I have not sold off my holding when the price was $780. I am holding for long term cause I am an optimist.

True you are! Bitcoin was never a currency for the mass as it was limited to only tech savy people. Not everyone can earn bitcoin and more over, not everyone can understand the concept of bitcoin and hence they never felt interest in earning that.

I have briefed my office colleagues about bitcoin and they just laughed away. So I guess, only I am going to enjoy the benefit of bitcoin among my colleagues.

Yes I did lost some of my investment because my borrower did not pay me back.

I am using a platform known as btcjam for p2p lending business and invested heavily in various loan listings. Two of them did not repaid the money so I lost that way. Also I have lost few trades as well. Otherwise I have never lost any bitcoin.

Everything cant be legal. Countries will not want that you will earn money for free. Some governments are hyper active and some are simply not bothered about. That god my country is not bothered about bitcoin.

If it is an illegal currency in your country, how can holding will be legal??it's illegal too. Use vpn service before you access bitcoin wallet. Try multicity vpn to be more secure.

You can keep your BTC anywhere you want during the halving. It is not going to impact what you already hold. It will not deduct any of your bitcoins.

Probably you have a wrong information about the halving. It is just the decrease in mining rewards. The block will contain half rewards compared to the early rewards. It is not going to impact what you already hold. So chill and stop worrying.

WHy would I allow my government to look inside my bitcoin wallet?? Even after they legalize it, I will not allow them until it is a forceful act.

It is very very hard to track a bitcoin transaction because we have access to something called bitcoin mixer. It will help us to hide our asses. It will mix our transaction in hundred thousand bitcoin addresses so that the trail can never be found. I will start using their service if needed.

Because no government will want free distribution of money to their citizens. They will try to regulate everything. I won't allow them to regulate mine.

Welcome to the world of bitcoin..Faucets are no good. They will only introduce you to the world of bitcoin and nothing else. If you want to make big, then forget faucets.

You have two ways to make money with $20....Trade and invest in p2p loans...However, both the ways are risky so choose wisely. If you choose to invest in p2p loans, then choose only A+ rated borrowers..But if you choose to trade, please learn trading first and then do it.

I have some simple questions...why do you want to prove yourself as satoshi nakamoto?? What would you gain from it??

DO you want to be detained for the rest of your life? DO you want all the regulatory authorities after you seeking your ass?? Dude, stop chasing Satoshi Nakamoto and live a happy life. Bitcoin is a path braking innovation so enjoy bitcoin without proving yourself as Satoshi Nakamoto.