Hi, I am a noob to all this bitcoin stuffs. It sounds like an interesting idea but before I invest too much into it I have
some questions and concerns. Perhaps highest on my list of concerns is the possibility that someone will buy up all,
or most, of all the bitcoins that exist.
Will it be just like the existing economic system where the rich get richer on the backs of the poor?
Will that not destroy the whole bitcoin project and make whatever bitcoins I happen to get myself worthless?
I have read a few things on this kinda stuff and some of it sounds pretty scary. I don't know how much of it
is FUD or how feasible any of it is at all at all.
Please help me understand and ease my mind in regard to this issue.
Thank you
I think if the bitcoin existing continuously the price of it become bigger if the bitcoin is existing continuously because the demand of bitcoin will become high so it may affect to bitcoin price to go in higher value. If that someone who buy all the existing bitcoins, I think that person is very rich because he can buy all the existing bitcoin in the crypto world. |
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Many predict their own bitcoin price. Others say the price of btc at the end of 2018 is $ 50,000. And others say that it will cost $ 100,000- $ 1,000,000 over the next few years.
But at this moment your prediction price of btc is still the same or your predictions have changed?
Yes, I still believe in bitcoin price predictions. But it is not always right, sometimes the predictions of the predictor are true but often is not exactly on the bitcoin price. The market are still making a new regulations or laws that may protect the interests of investors. So some investors are continuously investing here on bitcoin and the others are attracted to invest here on bitcoin. |
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The infographic shows the 10 most popular banknotes worldwide with its anti-counterfeiting security. There are thousands of million dollars counterfeit circulating worldwide. Just in The US the FED said 7.3 We conclude that the total value of counterfeits in circulation at any moment is approximately $70 million or about one note in 10,000, and is highly unlikely to exceed
$200 million, or about 2.5 in 10,000.it's costly for the society (more regulations, more resources to deter, individual or business accepting it accidentally >direct loss,...) Counterfeit money exists since the Ancient Rome at least, and it can destroy a government and its economy. Even the Nazis were counterfeiting the USD and GBP ( Operation Bernhard) If only 1% of your circulating currency is fake your government is out. It can't borrow money anymore, business will stop to accept the currency, and since it's the only one, then the economy will be dead. Do you know how many Bitcoin has ever been counterfeited since10 years? ZERO !I think the bitcoin is better than banknotes because the bitcoin is safe than banknotes. Also the bitcoin has a bigger earnings than banknotes. The bitcoin price now are higher than before so if you choose bitcoin than banknotes I think that it is a good decision. Also the bitcoin is profitable than banknotes. |
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I have seen many threads talking about should I sell now or wait till BTC moons. When I see these threads I marvel and move on to check on different topics or threads because I know the person doesn't know what he is talking about. Diving more into cryptocurrencies, when you sell now it means you are a coward and don't even know the kind of cryptocurrency you are dealing with. One thing is that, its really kinda pity to see those topics raised. I have set a goal and until that goal is not, I will never sell BTC and that's me.I want ask that is it because those selling the coin are newbies and are afraid of loosing some small $s or they haven't read much about bitcoin or the cryptocurrencies or they have low knowledge about the blockchain technology?
I think it is depend on one person if he wants to sell his bitcoin now. But some of the bitcoin users now are still holding because the bitcoin price now is not for them to sell their bitcoin. Some of the bitcoin users that sells their bitcoin now, I think they have a emergency expenses that they need to pay. Each bitcoin users wants to earn more money to have a better life, that's why they choose to hold their bitcoin until the bitcoin price should not increasing. |
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For some weeks now I don't hear people say bitcoin is dead any longer. I don't understand why this has stopped all of a sudden. Where are those who announced the death of our mother coin? Don't you think it is time for these same people to announce the resurrection of bitcoin  . That is the power of bitcoin, it always keeps it doubter's mute. I had no doubt that the bitcoin can recover and rise again, because that scenario is always happening but the bitcoin are still alive. I believe that the bitcoin is powerful because it can recover and rise again. We need to help bitcoin to increase it's demand because in that way the bitcoin price increase also. |
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More than 50,000 U.S. merchants already accept bitcoin, and you may soon fall behind your competitors if you don’t have a plan for dealing with cryptocurrencies.
Over the short term, it means getting educated about the technology and adapting some business processes. Over the long term, it offers increased simplicity, greater efficiency and lower costs.
Yes. I agree. I use the bitcoin as my source of income. Also I use bitcoin to have a other business to make our money circulates. Because of bitcoin I have a business that my wife managed. Actually we don't need to have a business because we have bitcoin. It is just like a business. You need to manage orderly to have a earnings. |
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Yes, I believe that the bitcoin is future. The bitcoin is very powerful when talking about is money. So the people that has a characteristic of a risk taker taking a risk to earn more money. He wants to secure his future and he want also a better life with his family. I want that also so I working hard here on bitcoin to secure my future and to have a better life. |
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Bitcoin prices rose sharply today, climbing past $7,000 and rising to their highest since June as strong momentum drove gains. The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03. Link: Bitcoin surge: multiple factors contributing to the rally?What factors make Bitcoin rise again? Will it continue to rise? The number one factor that can bitcoin rise again is the demand of the bitcoin. I think if the demand of bitcoin, it can help the bitcoin to rise again and recover from the fall. Also if the bitcoin increases it's demand the bitcoin price will be also increases and it is the chance of the bitcoin users to earn more money. |
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As you can see that BTC is the largest crypto among all in the market, I just really do not understand why people like to claim that BTC is about to die, do not easily fall for these kinds of topics and think that Bitcoin is dying, put some research on it, its just another person's opinion but again it is misleading. One last thing before you reply, this is extremely important and might be a big help for you (especially for newbies) avoid agreeing with such wrong info given to you, be sure to take extra care in replying, and the most important part of all is that you should make some research and do not forget to read the thread (if necessary) it is also important as you can gain new information from other people, though just make sure that what you are reading is very much legitimate.
Thank you and feel free to respond, I wanna see your insights about this.
I believed that the bitcoin won't die because the bitcoin is very powerful. I think the demand of bitcoin affect the bitcoin, when the demand of bitcoin decrease the bitcoin has a tendency to die. But I believe here on bitcoin that it can recover in the fall. We need to advertise the bitcoin to increase its demand. |
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I often read the news about bitcoin at the beginning of the year, some countries will ban bitcoin at the time even though it is no longer sounds as loud as the beginning of the year about bitcoin prohibition, what is it to the government's advantage if it prohibits the use of bitcoin in your opinion?
Some governments ban the bitcoin in their countries because they have a negative thoughts here on bitcoin. They choose to ban it in their country because they think that the bitcoin cannot help their economy grow or maybe it can destroy their country. Some country have a transactions with other country of bitcoin, So it is the one of the benefit of bitcoin. Also the bitcoin can help their country or their economy grow and have a better country. |
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I do not think that bitcoin will be enough if the whole people around the world will going to buy bitcoins. There will be too much shortage on bitcoin supply and this will lead also to have an expensive market price for bitcoin. As we all know that there are billions of people around the world and bitcoin supply is only limited. So meaning to say in the near future there will be a shortage for bitcoin supply and thus will lead to create another dominant coin like having ether as one of the possibilities that it will be the next to bitcoin. As of this moment i am seeing this already closely to happen. What do you think?
I think there is a possibility so have a bitcoin shortage because some of bitcoin users now quitting to use the bitcoin. As of now, the demand of bitcoin decreasing so it can cause bitcoin shortage. I think if the bitcoin users continues the quitting of using bitcoin, there is a possibility to have a bitcoin shortage. |
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All of a sudden bitcoin jumped from 6.5k to almost 8k today. I believe those who made panic selling are very disappointed now. This is the reason why i said bitcoin investment is not only about risk taking. Am pretty sure no old member sold thiers at that cheap. Sometimes experience counts. Never think bitcoin is gonna die
Yes, I want to hold my bitcoin now because the bitcoin price is not enough for me. I want to earn more money to support my family's needs. I hold my coins until the bitcoin price did not increasing. I hold my bitcoin securely to avoid selling it when I need money. |
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As the title says that if you want to increase the price of bitcoin then promote it everywhere around you. As if you will promote it and will discuss about bitcoin with your friends and family and your other relatives then they will also invest their money in bitcoin and the name of bitcoin may reach to a group of people who will have a high amount to invest in bitcoin which will increase the demand of it than its supply.
I am saying it because a few days ago I heard from a person that he discussed about bitcoin with a friend and after that his friend felt interest in that coin and he said that he has a total of $60000 income per day from his business and when he will fully learn about bitcoin then he will invest all of them in bitcoin each day instead of depositing them in his bank account. If people like that will get awareness about bitcoin then once again the price will start to rise.
I think that is a good idea, one of the problem that affects the bitcoin price. So we need to promote or advertise the bitcoin to social media or in people that around us. We can help the bitcoin to increase it price in that way. The demand of bitcoin is continues decreasing so we need to help the bitcoin to increase it's demand. |
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What is the most Frustrating/Annoying thing that you come up against each time you use/but/sell bitcoins?
Do you think it will it ever be fixed?
The thing that frustrates me the most when using bitcoin is the decreasing of bitcoin price and the failing of bitcoin. When the bitcoin price getting low I become lazy because my earnings is low, My earnings is not enough to support my family and my needs. I have a big family so my earnings are not enough for us. |
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The bitcoin price fell free, losing nearly $ 14,000 in value since the peak of 2017. But while cryptocurrency hovered around this year's lows, a new $ 300 million fund dedicated to the crypto market has given investors fresh optimism. The cryptocurrency market was further encouraged this week by news that Facebook reversed its decision to ban ads for bitcoins and other virtual currencies.
This move once again sparked rumors that Facebook is planning a major acquisition in space, or even potentially cryptocurrency itself. Facebook CEO Mark Zuckerberg said in early 2018 that he plans to "go deeper" with cryptocurrency technology - which offers more than 2 billion users worldwide - launched the blockchain exploration group. Other analysts said that the lifting of Facebook's ban will help reverse the price trend of bitcoin and other cryptocurrencies.
"The crypto market has been in bear territory over the last week or so," Nigel Green, founder and CEO of financial services firm deVere Group, said in a statement to The Independent.
"Facebook's step can be expected to help take it back towards the bulls... Savvy investors are looking at the bigger picture."
Looking at the 12-month price history of bitcoin, the cryptocurrency's current value still represents a 260 per cent increase year-on-year. I believe that the bitcoin can recover again and it will rise again, because many time that the bitcoin experience that fall but it is always recover and rise again. The market will recover and the price increase, I thought it is because of the demand so the bitcoin price affect and also the bitcoin experience a fall. |
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banks and crypto has a very urgent function for economic stability. but, I see today many banks are interested in saving their assets on the crypto world.
call it south Korea, it was reported that the local bank's virtual account balance reached $ 1.79 billion, but this year their assets are low, I think the market in 2017 makes people speculate.
on the other side, the Korean government makes preventive and educative measures by limiting the age of investors, the purpose is to make the crypto market easy to control and transparent.
so, the value of bank assets in the crypto world is still low.
The banks and bitcoin has a competition. I think all of the banks are against in bitcoin because the investor are always in bitcoin invest, it make affect their profit or their earnings if that scenario are always happening. Also there are a big investors that in bitcoin invest so it may affect the demand of banks. |
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Bitcoin has come a long way and come really come to stay. As a matter of fact, anytime some people who know nothing about bitcoin are introduce to bitcoin about how bitcoin works, they channel all their attention to whoever is passing the information to them by listening attentively. However, after developing the interest in bitcoin, they quickly revert their interest in bitcoin the moment they hear of the volatile nature of bitcoin, thereby, deciding not to invest into it anymore. Guys, what are some other factors that scare people from investing into bitcoin?
Some investors scared of who they need trust and to have a transaction with. Also they scared because before they experience bad in investing so they are playing safe or they are careful. Because of some scammers, the investors are afraid that if they need to trust someone or not. |
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if I think about money. i will use to buy bitcoin gan. because I do not want to miss the opportunity to buy bitcoin at a cheap price. and I'll keep saving until the price goes up .
It is the crypto world, once the crypto world comes in my mind I always think that have a unlimited risk or posssibilities to earn, to be successful and to have a better and comfortable life. Also I overthink that if you are involve in currency you have a chance to become wealthy. |
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Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Simple, because they want to become safe their country and they will secure it. Some countries against bitcoin because of some countries against also, they have a negative thoughts because of some countries that against to bitcoin. Also they want to know if it can help the country's economy. |
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when bitcoin prices are drops, I think we better talk more about the positive value of bitcoin. do not think about the value of bitcoin today, because thinking about it will only make us panic and confused. enough G20 make us calm.
So, now. we are talking about the benefits of bitcoin if bitcoin managed well.
what do you think if bitcoin is managed well by a country?
I think if the bitcoin managed well by our country I think our country become progressive and no one people experience poverty. Also the bitcoin can help our economy grow because more people has a job. Also it bring a secure transactions with other county. The bitcoin is the key to become progressive our country and develop our country a better place. |
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