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81  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin be replaced by another cryptocurrency? on: October 17, 2016, 12:14:29 PM
Perhaps the question only time can answer. Due to outdated or not influenced by the development of its own bitcoin. If bitcoin can continue to grow and progress I believe bitcoin crypto can still compete with the other, but if bitcoin does not develop and setbacks that would be the end of bitcoin.

bitcoin is open source, so changes can be implemented to make it more future proof. activating segwit is a first step towards making bitcoin future proof. lightning network is another major step forward. in that aspect, bitcoin will go through serious development very soon.
82  Other / Off-topic / Re: Will you quit your day job to go full time on bitcoin? on: October 17, 2016, 11:54:14 AM
I'm not much of a risk taker to be one of those first people to rely on Bitcoin 100%.

But if I see that there is some sort of security with it in the future, then that's the only time I will consider it.

security as in a stable price that isn't fluctuating as it is doing right now? if so, then it will most likely never happen. especially when you consider how much influence whales and early adopters have on the price.
83  Economy / Economics / Re: How would you double $100,000 safely? on: October 17, 2016, 11:42:59 AM
The safest way to double your money is to diversify your investment - don't put everything in one place.

And also research well and remember that patience is virtue.

Anything that will say they can double your money in no time is most probably a scam.

the problem with a lot people here is that they don't do any research about where they put their money in. it's all greed that makes them take bad decisions that lead to losses. trading is probably the best way if you know what you are doing. best is to avoid all investment sites that promise you certain rewards. they mostly turn into scams after a while.
84  Economy / Economics / Re: Megaupload 2.0 & Bitcache - Anyone investing? on: October 17, 2016, 10:38:51 AM
not going to invest my money there. i am either the type of person that is holding coins for the long term, or using coins to trade with. i never invest in sites, services, projects, and the list goes on. i want to have control over my coins. if you send your coins there, you are left waiting and depend on how that project will work out. not something i would do...
85  Economy / Trading Discussion / Re: Is bitcoin better or paypal? on: October 16, 2016, 03:29:14 PM
Bitcoin is far better than paypal. If we use paypal it has huge amount transaction fees than bitcoin. If wanna compare paypal means We can compare with Western union. Transactions are open and transparent in bitcoin Not like transaction medium.
yes i also think so that bitcoin is too much better than paypal. it is also a fact that the transaction price of paypal is also too much as compare to bitcoin, paypal is regional and its service is not available everywhere, but bitcoin is a universal crypto currency and its value is present every where.

no matter how much better bitcoin is. the average joe will always prefer to use payment services such as paypal as they trust them much more than they trust bitcoin. the main thing with bitcoin that they see as a problem, is that there is no central authority in place. that's the thing that bothers these people. add that the media is saying that bitcoin is a currency of the underworld, then you'll know what people will think.
86  Other / Off-topic / Re: Why would customers use Bitcoins? on: October 16, 2016, 03:10:33 PM
it would be faster to transact in bitcoin. customer would just scan the qr code and make the payment at a minute. it would a technological development. technology loves would definitely accept it and live the way for transaction.

if you complete purchases with your nfc enabled bank card, then it's instant. and the best thing of all is that it doesn't cost you a single penny in transaction costs. with bitcoin you still have to add a fee.
87  Bitcoin / Bitcoin Discussion / Re: Why do people use so many Bitcoin wallets? on: October 16, 2016, 02:59:55 PM
I thought that every transaction is anonymous anyway. One of the advantages of Bitcoins is that all transactions are kind of anonymous. I thought so.

if you send coins to a person you know, then this person knows that address belongs to you. in that aspect you're not anonymus anymore. that's why after every one or few transactions you should use a freshly generated wallet address. i do that to outside bitcointalk. i simply don't want people in my private life to follow what i do.
88  Economy / Economics / Re: USD vs BTC on: October 16, 2016, 02:29:11 PM
Look at what Bitcoin is used primarily for currently: highly speculative day trading and gambling. Outside of these functions, it does not have a high degree of utility. This does not portend well for mass adoption and disruption. It's a niche product appealing to a small number of people currently.

not only for that, but also for people looking to store money outside the banking system. i do exactly that and i am very happy that bitcoin offers me this opportunity. and yes, i agree that bitcoin right now is very small when it comes to adoption, but this shows how much growth we can realize in the coming years. this makes bitcoin a more than interesting long term investment.
89  Economy / Economics / Re: Bitcoin or gold? on: October 16, 2016, 02:01:10 PM
I think BOTH as both have a great future...Bitcoin is a future but cant ignore gold and silver as well..As bitcoin exists maximum by 5 years and gold is traditionally used as investment factor..so cant ignore both but as discussion is on so would prefer bitcoin as its a future..

Gold has a given good future already because it has been in the market for many centuries already. That is why many are depending and choosing gold instead of bitcoin. But for those people including me that experience good thing about bitcoin then we are going to choose bitcoin for it is helping us to get some good profit with it.

gold is seen as a safe option by a lot people. these same people either don't look at bitcoin as a serious investment option, or they are only interested in bitcoin as a very short term investment.
90  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin make Banks disappear? on: October 16, 2016, 01:40:50 PM
Bitcoins can never make banks disappear as banks are the strongest financial institution that we have which are running since long time and also have support from the Government, comparatively bitcoin lacks recognition at a moment.

bitcoin is just a tiny drop compared to an ocean that banks and governments are. also, the only entity with the ability to replace the current banks and financial system, is the government. bitcoin can't do anything about it. even not with a lot support from people world wide.
91  Other / Off-topic / Re: Are you buying bitcoins? Why? on: October 16, 2016, 01:17:56 PM
When the price is stable for a while and I can afford it, I buy some. I hope the prices will go up in the long term and I can make
some money. Leaving the money in a bank account doesn't yield any interest anymore

talking is always easy, but you have to be a dedicated holder in order to make profits in the long term. just make sure you don't get tempted to sell your coins as soon as the price goes up a few percent. i always wait till i gain at least 30% before i secure profits. otherwise it's not worth it for me.
92  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin make Banks disappear? on: October 15, 2016, 04:07:48 PM
When you exchange bitcoin to fiat money most of the time it goes through banks so you can't disappear banks. The same is also when buying bitcoins through your debit card or bank account it goes through bank.

Yeah we need banks and fiat money to exchange our bitcoins as we don't have an option to spend it directly and there are not many places that accepts bitcoin as a mode of payment.

even if it was possible to spend our coins directly, merchants accepting bitcoin as payment option depend on fiat. all their sales are directly converted to fiat by their payment provider. they just receive the money in their bank account. they will mosy likely never accept the coins directly due to regular heavy fluctuations.
93  Economy / Speculation / Re: Do you think guys the hack bitcoin from bitfinex still not sold? on: October 15, 2016, 03:58:04 PM
it makes sense that exchanges will freeze these stolen coins once deposited, but i am wondering if bitfinex has shared the addresses of where these coins went to. i have been looking for it on the internet, but haven't found any articles containing an address.
94  Economy / Speculation / Re: Bitcoin price? on: October 15, 2016, 03:41:56 PM
The bitcoin price is flucatuating heavily because a lot of random stuff is happening for example investors dump a lot of fiat in bitcoin or they dump their bitcoin and that affects price by a lot.
Right now it is going up so I can only imagine that a lot of fiat is being dumped in bitcoin.

the price going up doesn't mean there is a lot money coming into bitcoin. it's a team effort by a group of very wealthy whales that are constantly manipulating the price from various exchanges. it's a team effort. they eat entire loaves of bread, while we as normal traders pick up the crumbs left by them.
95  Economy / Trading Discussion / Re: Is Holding Bitcoin a long time good way to make money? on: October 15, 2016, 03:26:10 PM
don't same bitcoin in investment another platform gold or house
is gold is good investment is long time over 10 year
bitcoin is very bad is investment over 10 year

well, take a look at the 10 year gold charts. gold has gone up 112.5% in a matter of 10 years. it doesn't mean it will happen again of course, but investing in gold for 10 years and getting a return of just over 110% is not really promising. if bitcoin lives up to all its realistic expectations, then you'll be rewarded with a huge return. it will be beyond what gold will offer you.
96  Economy / Trading Discussion / Re: I'd like to get some bitcoins. Is now a good time to do so? on: October 15, 2016, 03:11:13 PM
It will always be a good time while there is no surge in fluctuation. Buy as much as you can for you will be waiting for that. Then you could conclude if you profited from it or not.

it depends on what your intention is when it comes to buying bitcoin. if you are short term minded, then buying some coins in order to trade and benefit from the volatility is a good motive. if you plan to make a long term investment, then you can buy yourself also some coins. you can choose to even do both. just make sure you know what you do and not blindly buy at certain price levels.
97  Other / Off-topic / Re: Are you buying bitcoins? Why? on: October 15, 2016, 02:52:26 PM
Yeah I am buying it on monthly basis, as soon as I get salary I put some part of it in bitcoins at whatever price its holding, as I believe in holding it for long term and price will definitely rise in long term.

i have been doing exactly the same at the time the price was sitting below the $400 level. i had plenty enough time to buy myself as many coins as possible each month. as soon as the price reached $400 i stopped doing so as i was very happy with the number of coins that i managed to collect. i personally was buying at least $100 worth of coins each month, with peaks up to $200-$300 at the time the price was tanking heavily.
98  Other / Off-topic / Re: What is Max amount of btc once you own? on: October 15, 2016, 02:40:06 PM
i dont have alot btc, but i never had 0.5 btc when the price at $200-$300. I have been pension 1 year, and now only have about 0.1 btc. Fyi I got It for free.

it doesn't really matter whether or not you can manage to reach the 1btc mark in a reasonable amount of time. what matters is that you are happy with the number of coins that you have. and if you managed to get them for free, then it must feel even better. Wink most important thing is to never force yourself to reach a certain amount. especially if you can't afford it. that's where a lot people go wrong.
99  Bitcoin / Bitcoin Discussion / Re: Who really uses bitcoin? on: October 15, 2016, 02:26:49 PM
The majority of bitcoin fans in the beginning were teens with interest in computer-things which is no longer the case right now with plenty of other people into it, I guess males still the majority of users with allot of Indians and Chinese.

not only teens. you'll be surprised when you know how many +30-40 aged people are using and liking bitcoin. but yes, when it comes to all things technology related, then it's a male crowded industry.
100  Economy / Economics / Re: Is gold better than Bitcoin? on: October 14, 2016, 03:05:36 PM
The gold is a good invest but it always take a long time before you will make nice profits with it and with the bitcoin its going a lot faster.
Due to that I think bitcoin is better for my in the first place, some of you guys have another opinion of course.

gold is being used as a tool for storing value. in that aspect people don't really look for regular fluctuations. they prefer gold to remain a relatively stable value. it gives them good confidence and a calm mind. if you're looking for short term profits, then of course bitcoin is by far the better option due to its volatile nature. this is of course assuming people know how to use the volatility in their advantage.
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