western union is outdated
Yes the transaction with bitcoin is more and more better than western union, but for the facilities like western union is also required. As even in countries where illetracy persists, western union is well-known there and everyone use that. Bitcoin must also have to establish like that. Yes bitcoin is better then the WU for sure, as bitcoin transaction involves transparency and with minimum transaction costs but the major problem with bitcoin is it is not widely spread like WU, and WU is more popular then bitcoin, and the awareness level of people regarding bitcoin is very less, that makes WU better form them then bitcoins. |
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No chance whatsoever, banned possibly, disappear? No.
there is no real ban for bitcoin, what they call ban is actully restriction on the adoption, they will hinder the usage nothing more so it will be harder to exchange it for fiat, but besides this there is nothing else they can do yea, exactly! Gov can ban the local adoption! But ppl there can still hold bitcoin in their wallets. It is decemtralized network. No one can stop it. Otherwise its network faces suvere issues, like different hardforks, fatal code bug etc Yeah, and bitcoin and can never disappear even government doesn't support it, as people will keep on using it as it is decentralized even government cannot have control over it, and if people are holding bitcoins, they would surely keep on using their bitcoins, so unused factor is something to avoid, either people would use it or sell it to fiat currency. |
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They are still a lot  Yup there are plenty that I know who's actually using and earning bitcoin here in the thread they are all busy in there jobs and doing bitcoin at the same time!  Yeah, I have many in my family that have already started to work on bitcoins, I recommended them to use bitcoins, at the initial stage they were making faces but once they came to know about the bitcoins, they started to show their interest and now they are actively earning bitcoins, and also spending it, and it will increase the customer base of bitcoin community. |
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What do you mean by regular people? Do you consider yourself as a special person?
People around me don't care much about bitcoin simply because they don't believe in it and I think that's okay to have an opinion like that.
Yeah, even we are regular people who are busy in earning small amount of bitcoins, but the people who are not using bitcoins or not earning bitcoins do not share positive feelings towards bitcoins, they feel it is waste of time and money to invest into crypto, unless they are not shown the advantages of bitcoins, they would hesitate to get into bitcoins. |
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Well that is a pretty stupid question. I am pretty sure that everyone is holding for a prise increase.
Ha ha Its easy and very potential way to increase the bitcoin. Even I would suggest everyone to save the bitcoin. I think for your answer Op has to anwer for it;) I don't only hold, I also gamble and do a signature campaign. But at the same time you should still hold a bit for price increase. I suggest everyone to hold the Bitcoins now, and try for their luck where its hundred percent guaranteed income because the price of Bitcoins is rising and in good pace now to go upto 450 dollar. Today price is less but we have to patience and hold the Bitcoins for price increase. Yeah it would surely cross $450 mark in quick time, it is difficult to predict that it crosses $500 mark or not, but $450 is achievable and if it reaches to that mark then many of us would be enjoying some good profits, So it is better to hold bitcoins at a moment, even if there is price fall, no need to panic, as it will take care of us in future. |
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So, bitcoin isn't real currency because it's price keep grow up or down ? Let's say dollar suddenly worth 25% more than before because america suddenly in good economy, do you think dollar isn't real currency anymore?
I think bitcoin is real currency, even it's price & system based on something different than fiat.
Bitcoin is real currency to me, except that it is more volatile compared to fiat. I do not use bitcoin for any purposes except for small transactions, so I do not even know if I will use the bitcoin for its actual value.  Fiat worth more to me than bitcoin, just that I prefer to use bitcoin as it is fast and almost free for online transactions.  Bitcoin is worth a lot yet worth (opposite of a lot), since you are holding something that has value, but it is not physically there, depends on how you view it. Yeah and bitcoin is offering us various benefits that no other currency can offer, the day I have started using bitcoins, I haven't used credit card for making payment, I haven't entered the door steps of banks or WU to remit money, as bitcoin is offering those services 24/7 and with the least fees, So bitcoin is worth to me as it is fast, consistent and most important, it is very transparent. |
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It really seems to not be able to make up its mind which way it is going right now. That is some serious UP/DOWN activity.
Yes the price is not settled just going up and down. Today the rate has almost near to the value that settled few days before over the 380$. Even though value is not growing much some positive hope is there over most of the users which will surely lead to growth Lots of things going on beyond the Bitcoin Ecosystem as well so that is normal to me that we have such a jumping price. This up/downs make a lot of clever daytraders very happy though. Exactly, traders loves this situation as they can make quick profits, the price of bitcoin has certainly fall down in last 2 days but its not a big deal, it will surely increase in coming months, will not reach the moon though, but I believe it would surely cross $450 mark and people who have bought around $350 would surely enjoy profits. Yup traders probably are busy these past few days dealing with the exchanges or their bots perhaps. It's a good week for those who trade Its a good way to multiply your bitcoins, and the big fish are making good money out of it, price has fallen down in recent past and this is the right time to buy some bitcoins, as the value of bitcoin would be higher in next couple of months, So it is better to invest some money into bitoins, the fluctuation is not that high at a moment it can be called a stable price. |
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Once a government like the US will decide to adopt Bitcoin as a currency others will surely follow.
I don't ever see the U.S. adopting Bitcoin as a currency. That would mean replacing the dollar, and it's not going to happen. The government is never going to give up control of the money supply. Currently, the U.S. doesn't ban Bitcoin, and in the future if may agree it is a "currency" instead of property, but that's as close as we'll get to adopting it as the official currency. On November 19th 2013 the US congress actually agreed that Bitcoin was a good thing,
What are you referring to here? Not only US Government but even the Governments of other countries will not come in support of bitcoins as they view bitcoin as a threat to the banking system, and it will end up their corrupted activities, So they don't want that any currency could get on mainstream on which they don't have control, they want total control on money supply and that is the reason they will never support bitcoins. |
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Money is good only when you invest it and spend earnings from your investment
It is always better to invest money in long run, savings will take care of your daily expenses and savings can only help you in short term, I would rather to invest my money and make my future safe, and few savings which can be helpful at the time of emergencies, investing is something risky though, but if you can afford to take risk then you should go for investments. |
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It is safe to buy 1 BTC today, but the question is what you will do with that  You have variety of options to play with bitcoins, either you hold it for future or sell it when the price is higher, or you can actively spend it for shopping or invest in trading, buying 1 btc or more at a moment could be the best future investment, and holding it for future is the best thing to do, if it reaches $10k in future then you have already made good money out of it. |
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http://trendsresearch.com/Right now bitcoin is very small and you can't compare it to gold! Whole world standing behind gold reserves. Maybe someday bitcoin will become more adopted, but i doubt he will ever be so strong to attack a gold! Yeah Gold is precious and its like an addiction for many people to hold as much gold possible, many of them will keep on buying gold whenever they afford to as it is the best investment and it has value for money, so people prefer gold more over bitcoin, as bitcoin is not that popular as gold is, and people have more faith in gold as a investment tool. |
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bitcoin can replace fiat in the future . but this will need more stable price
I read a news that china is thinking about degitalize their currency, and that means it is possible
Yes, bitcoin can replace the fiat even it is invented for online use. For virtual/internet use, bitcoin may replace other processors like Paypal and will become the No.1 very soon. Fiat will loose it's own place slowly to bitcoin in upcoming years, this also for sure to happen. I don't think we're anywhere close to Bitcoin surpassing PayPal in transaction volume, especially when you factor out all the gambling and Ponzi scamming Bitcoin is currently used for. If you take transactions that are most indicative of legitimate economic activity (merchant transactions, service payments, etc.) it's not even close. That's true, the users of Paypal are more as compared to bitcoins, and I don't see that bitcoin can overtake Paypal very soon, as the market cap of Paypal is huge, where as bitcoin has very less users, in the same way the users of fiat are more and still many countries are not aware about bitcoins, so bitcoin replacing fiat in those countries is simply not possible. |
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Sure why not I think is the best thing ever to just buy a house with bitcoin just like that.
Only you need to wait for a long time that bitcoin can go more that 10.000 dollars.
Yes real estate is a good investment like ALWAYS. So just wait and see what happens. But make sure not to panic sell, like so many already did. Real estate is the best investment at present as the value keeps on increasing on daily basis, so I think it is better investment as compared to investing into bitcoins, real estate will grow more in future and can give best return on investments. This depends on where you live though; right? I'm pretty positive that the real estate market isn't going up everywhere but rather down. Yeah but in my country the real estate business is at boom, and people are making really good money out of it, I would rather prefer to invest my money into real estate and few in bitcoins, real estate will take care in long run while bitcoin can take care in short run, as investing in real estate requires patience to wait for profits. |
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If you want the short time it was gambling, but I really do not recommend it. other way is trading.
Well, Today is someone followed my tips made about 50 pips on euro/dollar  . But if someone went long on crude (since 26.5) has made over 300% in one day (I assume leverage 20x , like 1Broker) I do not play forex trading, I prefer to play altcoins or bitcoin trading, because it is easier and not too difficult in my opinion. Yeah, bitcoin trading is the best when it comes to make quick money, as people who are aware about bitcoin trading will not trade with forex or gold anymore as they know that they cannot that amount of profit in gold or forex, so they would surely switch to bitcoin trading and that is the best way to multiply your bitcoins. That's correct, but making 17 out of 7 from trading would be a time consuming, as you cannot make it in a single day, but trading can allow to earn good profits, I would rather prefer to go for gambling and make it as soon as possible, as I can't keep on watch on the market every now and then, So it is better I gamble on a sport that can multiply my bitcoins in a single day. |
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I have never bought anything on Amazon
I had some worst experiences with Amazon, So I avoid to buy anything from Amazon, but if I have to buy anything online I would prefer to buy using fiat or credit card as I want to keep my bitcoins safe for future, so if the value of bitcoin is higher in the future I can make good profits out of it, So I am holding my bitcoins for future and I prefer shopping with fiat or credit cards. |
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BTC becoming the main currency of the world, having completely replaced Creditcards (or the new creditcards being BTC based)... BTC having a value of $10,000 each, I think that would be the bitcoin-related-dream for most of the people here.
Yeah, that would be the best day for all of us when it reaches $10k and anything is possible, future is unpredictable and uncertain, the value of bitcoin might go beyond that, or it would simply disappear, but as a active users of bitcoin, we really wish that bitcoin should hit the mainstream and become a global currency, so that we don't have to be dependent on fiat or credit cards. |
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Of course Bitcoin will grow higher than before, and it would also reach the highest price but not for a long time.
2016 year is the year of bitcoin and the price will be much more higher in the coming months, but its not sure that how long it will be stable but need to keep on watch on market and sell at the right time to earn profits, and if the adoption level is high then it will keep on growing continuously. The growth of bitcoin will totally depend on the how people view it, either they view it as a opportunity or threat it is an individual decision, bitcoin's growth depends on the support from the people and the society, if bitcoin gets support from people it will continuously grow and it can also become a global currency and strong currency in each and every country. |
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Well I think so, but I didn't mean any girl in real world that use bitcoin so I am not sure that much.
For sure that they use I think is great for them to buy something online or earn some money.
Well all of us can earn bitcoin and especially girls there is no one that can stop them in using bitcoin and in earning it in all methods we are using here in the thread, well I think they can play gambling too!  Girls in fact has greater chance to get more bitcoin than us...they love working on small things and earn little by little, they are persistent in what they are doing.. Yes myth! I totally agree with you most of them are persistent to earn so they will keep on working on bitcoin even if it is very complicated for them they will never back down because they know there is income when bitcoin goes up! Once a person starts using bitcoin it becomes very difficult for anyone to get rid of bitcoin very easily, as bitcoin is like an addiction, once you start earning bitcoin you feel to grow your bitcoins or multiply your bitcoins in the best possible way, and girls are no exception if they are into it they will make all possible efforts to earn bitcoins and many girls have already started to earn bitcoins. |
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Im quite curious about how bitcoin is going to be accepted in 10 years.
I wonder why 10 years are required. Bitcoin will replace PayPal, Western Union and gold with respect to different applications to each of them. When considering bitcoin like an investment, it will give more returns than gold. Already bitcoin can be transferable across borders. This way bitcoin will replace gold to become the global currency of the Earth. You meant, just replacing gold is enough to become the global currency of the earth? To become global currency of Earth, bitcoin just in need of more people must be using it for their daily needs. It seems again very simple task for bitcoin ecosystem because bitcoin has all the required futures to be used on daily needs. Yes and it can become global currency only when it is being used for daily needs, as we want that bitcoin should be accepted everywhere and everyone starts using bitcoins then only it can become a global currency, and it totally depends on the adoption level of the people. In order to bitcoin to be used daily, we need some payment processors to process the transaction very fast, with instant transaction like fiat credit cards. It will take too long it to happen especially in certain countries where people are not aware about the bitcoins, and the reason is people are used to credit card, debit cards and fiat currency, so it will become difficult to convince them to switch to bitcoins for making purchases, and I am sure they will hesitate at the initial stage, but once they are in, they will love to shop using bitcoins. |
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I am postiive that most people do hold their coins for speculation.
The bitcoin economy is just a minor part of the total bitcoin revenue stream.
Yeah, people are holding for the major price hike and we all are positive that the bitcoin price will reach to a new level in coming months, So it is better to earn some coins and hold it for the future, as we can make some good profits in future, and I still believe that this right time to buy some more bitcoins as the price will be much more in future, I am busy in collecting coins at a moment. |
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