The biggest risk when investing in Bitcoin is that Internet is disappeared.  . But I don't think that will happen. Let brave and invest, man! For me i think the biggest risk is that you can lose money on investment if bitcoins price will drops. So my advice is buy a lot of bitcoins whenever the price is down because it will probably goes up against and even if it falls again, you will not bother for your loss because you just bought it for a cheaper price. But if ever that you loss money through bitcoins do not cut your loss ever because you might regret it so, the best option is fill your bags whenever there is a downfall and enjoy the profit when it recovers. It's highly unlikely for that to happen but as with any investment - stocks, bonds etc. there will always be a risk. At any moment, you cannot say for sure but we may experience a collapse. We would like to stay confident and continue to believe that bitcoin is strong as compared to the other cryptos and it is resilient however there are a lot of other external factors that may affect it. So a risk there is in holding bitcoin is to lose your investment once it suddenly collapses. |
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for me bitcoin as of today functions as an asset though it is not the real intentions of satoshi for bitcoin. but having one right now is very beneficial for anyone in the future. because i do believe that it has a very big potential to increase in value even more. Yes, it may not be the true intention and purpose of bitcoin. It was made for their to be an available easy and fast payment system and lightning transactions however a lot has treated bitcoin as an asset. For most, bitcoin is a good investment which they intend to hodl for long term. I sometimes find myself to cash out the bitcoins that I have especially when I want to buy something for myself however I refrain myself from doing so by reminding myself that if I keep it and continue to hodl, it would surely have a much higher value in the future. |
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We can start by telling someone's success story with bitcoin, I think this is the simple way. Bitcoin is not a scam because some people live with bitcoin.
to convince him we need proof, maybe like making money from bitcoin.
Yes. Just like me. I believe in bitcoin through the experience of other people. I can see how there livelihood changed. Maybe its not really the bitcoin that is scam but to how it was introduced to you. Some may use bitcoin for scam but bitcoin itself is not a scam but a medium of exchange. Its the people who make platforms and do scams maybe. That would be a good way. By sharing to people how bitcoin has changed, or rather, improved my life, it has convinced most that it is not a scam and even encouraged a lot to start investing on it. I have showed some my wallet and how I was able to cash out some bitcoins in the past and I believe it has made people believe that bitcoin is not a scam and it actually real. We can't help for some people to have their doubts but we could only do so much to change the mind of a close minded individual. |
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Never have and I don't intend to. It's not meant to be used for that but it may be used that way. It's all up to you anyway. Everyone has the freedom to use bitcoin the way they want but for me, I do not choose to use it to buy illegal stuff or for illegal activities. There has been a misconception that bitcoin is used for illegal activities and it's sad that some people think of it that way when in reality there are a lot of other uses for bitcoin under than to be spent on illegal materials.
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Who wouldn't want to? Aren't we all here in this world with our greedy and selfish motivations?
But seriously though, I think that almost anyone would have the goal of getting rich. We study for years, work our asses until were old just so that we are self sufficient? Of course not. Everyone do those things with the goal of getting rich. I believe that most of the bitcoins users and investors have the same goal, with the same hopes that in the future, the value of bitcoin has become very high to make them rich.
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japan still number one, now they applies and accept bitcoin. i dont know why china not following japan. as we know, some percent miners is from china. i hope soon, more country take bitcoin as payment.
Japan also comes first in my mind and now they’re making some mining rig that is lesser cost, electricity but with high performance. Haven’t heard any update as of now but Japan as we all know how technologically talented country that is really be a hit. China in other way thought that they can manipulate the market when they tried to ban and closed exchanges but the bitcoin community answers with a swiping 6000$ price without they’re support. There are more countries now that are supporting bitcoin/cryptocurrency as the investors and users keep doubling its number. I wish that my country had the same kind of support for bitcoin and cryptocurrency such as Japan. So far, it's still in the introductory stage and is about the be recognized and accepted. I believe that Japan has made some efforts to cater for the bitcoin users in their country and this encourages them to continue using bitcoin. China has some influence because I heard their to be huge number of bitcoin users in their country. From what I see, more and more countries are now choosing to support cryto and bitcoin. |
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There is only one original bitcoin and those who copies bitcoin to create another cryptocurrencies will always be called altcoins or alternative coins. It will remain as the leading cryptocurrency in the market and neither hardforks nor segwits will change that. For the few years, many developers attempted to create alternative virtual coins to challenge the dominance of bitcoin but til now no one is able to overtake its current top position.
Throughout the previous forks, only one Bitcoin remains and stands strong. Most of the bitcoin users still choose to support bitcoin even weeks before the upcoming fork. They plan to dump whatever it is that they get in their wallets as soon as they get it during the fork. Some try to give it a shot by choosing to still hold it or trade it because they believe their to be potential but bitcoin would still remain and continues to be resilient despite the hardforks and segwits that we experience. |
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Although it is highly unlikely for that to happen, I would probably say the same. Bitcoin and the internet has entertained and educated me so far. Bitcoin has changed my life so much; because of bitcoin I became more cautious of my finances. Before, I did not even consider whenever I spend money or make financial decisions. Bitcoin has allowed me to become financially independent. I have learned to become responsible of the decisions that I make and earning is fulfilling and pleasurable but at the same time, is not a joke.
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Almost every country has unemployment problems. There are many young boys who are working unemployed. But the days of settling their turn are over. Now, if you wish, you can earn a lot of money sitting in the house. Bitcoin can earn their unemployment by earning. It can be possible to improve the country by improving their lives by earning bitcoin. That is why Bitcoin among all Habetahale to spread the knowledge of the second day will increase the demand for Bitcoin.
Yes, I totally agree with you. Bitcoin makes chance to help unemployment can earn money. This points out the important role of Bitcoin in life. Bitcoin does provide opportunities for the unemployed forever it's not a long term solution plus I believe that it is not permanent. Even with the signature campaigns which allows for the other unemployed to earn is also not stable or permanent. It definitely helps the unemployed however I think that it is not sufficient because of its longevity. It would provide some investment for those who are unemployed if they choose to store or hodl the bitcoins they have earned. |
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The local wallet that I’ve been using allows me to cash out my bitcoin through a security bank atm without the need of verification or identification but then of course the use of the local wallet would need some identity so I’m not sure if that would work for you. When it comes with money matters, I think that identification really is needed. However, I think that there are other procedures out there that would allow you to do so since there’s not much regulation for bitcoin yet unlike with cash.
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People tend to panic sell if they are doubtful or worry too much. When they think that a small price drop would mean doomsday for them, they lose their wits and fail to think properly. This makes them sell their coins prematurely, and surely regret right after especially when the price goes up. As an investor, we must remain firm with our investment because it is but normal to experience some price dips and corrections. One should be able to control emotions so as not to panic sell.
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Bitcoin is not a bubble.It has gained this price value slowly over the last eight years.Its price rise is mainly due to its limited supply and its secured nature and decentralized nature making it completely out of the reach of government controls.
It has already crossed many critical situations successfully and it deserves this price and more price rise too.It has made transaction of very large amounts at very low features.
Bitcoin has more features for which people keep trust in it and buy at higher prices.It is not just a speculative investment.
Bitcoin is neither a bubble nor a tulipomania.
Despite everything it's been through, bitcoin remains to be resilient and strong - it has survived all throughout those forks and FUDs and these are the reasons why I agree and continue to firmly believe that bitcoin is not a bubble, otherwise it should have collapsed and seized growing. Instead, it still continues to grow and become adopted in other countries. I believe that bitcoin has the potential to grow even more for the incoming years. |
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Maybe this means that people have been using up - "burning" - money to buy bitcoin or invest on it. We've heard about how some people would go to certain extents just so that they could buy some bitcoins. Some would even sell their properties or belongings for bitcoin. I have even heard of people who would use up all of their savings and this could probably equate to the term "burning" of money. This is just a personal opinion as I have not heard nor read anything from CNBC.
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Nobody can predict it because until now we're still finding its real value,
bitcoin price was increasing from time to time because of the popularity and their financial freedom.
if bitcoin itself improving their system and discover something new i believe bitcoin price will keep increasing.
we should see the price declining if nothing new discovered.
i believe many people want to implement it in their business but because of the fees and other reason they hesitated to do it.
if bitcoin can solve it i believe it will never burst and always steadily grow up..
at least at the moment i can not see it will.
I agree with this, The "bubble" won't burst until it has enough air to make it burst. No one even know if what is the maximum potential price for each coin. Mining is not even done yet. More and more fud are being made against the coin but the price keeps on rising because more and more people are believing in it. So Bitcoin maybe a bubble but I consider it as a balloon with a thicker covering it may burst but not in the next few years. Many have been saying that it is in a "bubble" for many times already yet bitcoin continues to rise and grow. Perhaps its unusual nature has made an unusual bubble; as you have said, a balloon with thicker covering. For now, bitcoin continues to grow and I believe that it still has plenty of room for growth and its potential is very promising. Bitcoin still has a long way to go. We may not know until when but for now it is still growing. |
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1) Are you used Bitcoin to buy illegal staff  2) which better to buy legal things Bitcoin or Normal Bank system (PP,payeer,cash ,.............) You can buy legal and illegal stuff with your own paper moneys/Fiat moneys and it is the same with Bitcoin as it is not an exemption to the rule of money, as long as you can spend valuable things in exchange of other things whether it is good or bad. It is just a matter of who will gonna use the money though and we all know the saying 'Money is the root of all evil' so meaning it is evil but if you use it in a good way then it is not. It just happened that Bitcoin is an international digital currency but it is still 'Money'. Just like how money may be used to buy legal and illegal things, the same goes with bitcoin. I believe that it would all boil down on the morality of a person. To answer your question, I haven't bought anything illegal with the use of bitcoin however it is very possible to be done by others. Bitcoin and money are simply the means to an end - and it may be an illegal or legal end. This does not necessarily mean that money or bitcoin is illegal or evil as well. For me, I think that both may be used to buy legal things however fiat money is accepted more globally. |
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If I were to do this, I would have to make sure that my children or heirs would have enough and sufficient knowldge on crypto and bitcoin otherwise it might just be a waste. They might abuse or misuse it if they did not know the proper way of handling bitcoins. Of course I would want my hard earned coins to be inherited by someone who could cherish it. At an early stage, I would tell them about it and ask them to keep my private keys so they will have access to it once I die.
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In my opinion, this kind of trend on bitcoin's price is normal. This is just the way it goes, probably most are taking profit who have set their goals at $6k mark. The price of bitcoin currently is not the end of it, it might hit around $7k probably next month, and I, personally think, that the $10k mark is not impossible to reach in the upcoming months and we'll probably see the new year 2018 with a big bang! I'll stick with my strategy of buying bitcoin when it hits the bottom, then sell once I obtained my goal/target price.
I’d like to agree that hitting the $10K would seem impossible in the upcoming months but we will still experience a price increase especially by the end of the year. I don’t think that this is just another pump and dump; as said, bitcoin is able to avoid this already unlike with other coins. Judging from the trend, its normal for bitcoin to experience this. It is but expected for their to be a price correction especially after experiencing a long rise in price. |
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I envy your big fat wallet but seriously speaking, this would spell some trouble for you! Under the law of succession, the spouse is entitled to 50% of all your assets and savings. This would mean that your wife is entitled to half of the contents of your big fat wallet! Unless you’re okay with being unfair by not declaring all of your holdings, you don’t have a choice here. The moral way is to give what she is entitled to.
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Actually they do know i see many people who have heard of bitcoin and claim that it is some online scam but they don't know anything about the price, how it works etc they are just repeating what most media is saying calling is a pyramid scheme. I have nothing to lose I'm happy with the all the profits but bitcoin currently is famous
Some also have an idea about bitcoin but almost i see is that no idea about bitcoin some also joining bitcoin in gambling and some hyip thats the reason why people thinking that bitcoin is a scam Most are ill informed and have misconceptions on bitcoin. A lot are victims of scams, especially from ICOs, and this has given the impression to others that bitcoin is fraudulent and fake. Some people make judgements out of their experience from the scams. They have only seen the surface area of bitcoin; the tip of the iceberg. This is why we must spread better knowledge about bitcoin so that more people will be better informed and there will be more adopters and users. |
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I believe that they're popular mainly because well it was the first of all cryptocurrencies to be made. Honestly most of the other coins are scams and greedy ways that the developers make money. The only other coin I can think of that isn't a scam are dogecoins! What do you think?
Definitely it is because Bitcoin is profitable to its users and investors. The huge profit that a user is getting is what attracts the ither peope towards Bitcoin the most. Also, it is popular becsuse of its large market value compared to other coins. It already established reputaion in the market as the no.1 crypto which also makes it popular. Other altcoins out there have been profitable as well. In fact, its been keeping up with bitcoin. However, bitcoin has been here far more longer and I believe that there are more bitcoin adopters and users. As the first crypto, its gained more popularity. Also, it has standed strong over the years. Bitcoin has been through a lot and it remained to be strong and increased in value tremendously over the years. This has mainly contributed to its popularity. |
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