My prediction is that the bitcoin will take over the world on a long term.
That would be kind of funny. If people that used different currencies so that they could do things then they will begin to feel weird when they hear that they need to use a totally new thing called Bitcoin. Electronic payments aren't that new though so I think that the people can get along with it. It's funny for me that some of us her make predictions about Bitcoin's future without backing it up with supporting facts, that will actually make your predictions more reliable or at least believable as of the moment. Now making a prediction that a decentralized currency will "take over the world" would be simply be absurd as that is kind of a big prediction without you backing it up. I support you on that thoughts. I also believe that people should not speak before they think, or do some research. Most of people predict something, but they do not know even one percent about what is going on. Most of peoples prediction could come true tho, but base of that prediction is their crave for more money. |
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I think that it will pass a lot of time before African people start using bitcoin in larger scales. I mean, some parts of Africa does not have electricity yet, and computer and phones run on them. And not to mention wars, and poverty. People does not have whet to eat there, so i do not think they will buy phone or computer before they have full stomach.
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It doesn't seems that it will get lower than 1000$, however there is no confirmation of the price in the future due to the volatile characteristic of bitcoin. It is expected that it will kept on increasing this year in the upcoming months.
It will be keeping on increasing but after the Month of August. We all know many people are being scared on what this month can do with their investments,but I don't think it will be flopping under $1000, not even on $1000, It will stay at $2000 because we all know how people want to invest and earn profit on bitcoin. The price is not going to get that low and if it did it would be the opportunity of a lifetime if it happens then I will put a significant amount of my fiat in bitcoin since I have no doubts the price will recover at some point, maybe not in a few months but after a pair of years it will. That's how it goes it may decreased yet will increase again, many investor especially whale investore even largest companies were in believe in bitcoin and how iy can help them in their businesses so everything will went well soon. Yes, when investing to Bitcoin, need have patience for waiting long-term, can't make profit just few month because in present, Bitcoin very hard pump and investor scared with SegWit2x in next time. Maybe, the whale will breakdown the price again before SegWit happening and make panic seller in market, in that time I think we can buy Bitcoin is best choice Well i think there will be a big panic sale before 1st of August. Because of that scaling, people do not know what will happen with bitcoin, so most of people will sell their bitcoins. In that moment, who want to invest in bitcoin, it could be wise to buy them. But there is a risk too, because we do not know what will happen, maybe it will be good or maybe it will be bad. And also in that moment, after scaling, price of bitcoin maybe it will go down, but i do not think that it will pass lower than 1000 dollars. |
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People quitting their jobs because of bitcoin are the ones that has stronger believe in bitcoin and they want to relay their source of living on it. And yes the increase of the price of bitcoin is one considerable the reason. But it's always a good thing if you have a day job.
Yes, especially there are now lots of people who are truly accepting and adopting of bitcoin for the reason of good investment because of its good fluctuation value every now and then. And most especially big countries like America who accept transactions with bitcoin. Ok, I understand that for some people it is easier to deal with bitcoin and make money that way, than having a job that is harder to do. But is it wise to change some job, which gives you constant and certain pay, with something that is fluctuating so much. What will those people do if bitcoin fail? I always say that it is better to have job, and deal with bitcoin on the side... |
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There are some people who believe that bitcoin won't be rising always ,so in order to avoid any risk involved ,they sell whatever bitcoin they may be holding whenever there may be any possibility/rumor of bitcoin down. But not always will be an opportunity loss for people as they may sell at a high price and again buy it for cheap price,so not every time would be a loss if that matter is of concern.
It is all in the nature of every financial assets to not continue indefinitely in any one direction as a result of continual pressures being exerted by buyers and sellers. For a trader with knowledge and experience behind, such is always something to smile home about, because they're clear indications that an asset can be bought at low prices and sold at higher prices over and over again, stacking some profits as goes instead of surrendering to wait until whenever prices go lunar. It is however a better choice to simply Hodl, if the maneuveral skills aren't there. Yes i agree with you. Some time it is much better to sell all bitcoin that you have, than to hold them. If we look in long terms, well for not bitcoin did not disappoint, but how long bitcoin price will go up till it reach the end? For professional traders it is easy to see that point, but commoner can not see that sometime. Because of higher gain, risk is also higher. So for people that are not so good in trading should better sell their bitcoin, and bee happy that they can earn something on the side. |
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Hi Guys, I am new to Bitcoin Industry. I need your help.
I am member of some good bitcoin wallets like: Coinbase, Copay, LocalBitCoins.org etc
I live in Dubai, recently i came across "BitOasis" which is wallet plus exchange. Would you suggest me start with BitOasis for easy deposit and withdraw since the company is in Dubai.
Can you post your experience with (Spectrocoin) ? Somebody suggested me to you Spectrocoin... I would really appreciate your replies.
I am willing to start with $200.
Best Regards,
BigBox
Personally i would always chose safety on the first place. With that i mean, keep with things that are proven to be safe and good, and do not change them unless it is needed too. So i would suggest for you to start with some safe wallet, while you ask around for this BitOasis, of which i did not heard. Try to find someone who deal with them, or who dealt with them before, or best both. After you gather enough info, than decide what to do. Hope i helped a bit. |
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Aside from resorting to violence, what are your suggestions or answers to solve and deal with drug addicts and users in your country?
Actually i do not know what to think. I mean, there is no way to forbid and stop drug using, people will always find a way to get some drug. And it is same for violence. Violence is part of humans, and some people are more in control of them selves that other. Violence is primitive thing, and maybe in future people will find some cure for it, but that is future. For now we can keep trying to bring drug using and violence to a minimum, that is more than enough for now. |
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I have think of it and i have save up bitcoin just a the small amount because i have plans for it to have fun like travelling didn't even save it for future purpose. so i wanted to know what are you going to do with your bitcoin if you save bitcoin. Why do you save bitcoin for? and why? what is the purpose why you save up bitcoin to your wallet and not to spend it.
I save bitcoin for future use or for retirement plan. Preparing for retirement is one of the best investment anyone can give to himself or herself. I am so glad bitcoin is there for me to make that possible. For those newly acquainted with bitcoin, it may be very good to collect bitcoin for the future in order to change their hdup. Well, I've always done that, and it keeps me excited about collecting bitcoins, because I never collect bitcoin in order to have fun. I do not agree with you, it would be pointless to save bitcoin for far far future. No one can predict what will happen with bitcoin in future, maybe it will die soon enough. But one is for certain, we can use it here and now. Why not, earn some money extra from trading and passive income. But at the end it would be wise to spend it before your retirement, because retirement is too far. Live life now!  |
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Even in the worst case scenario of having 2 active chains after 1st August, it doesn't have to be a bad thing for the price.
When ETH and ETC split the price of both were far far lower than they are now. Different Bitcoin chains could both prosper, at least in terms of price.
The problem will be longer term, when new investors don't understand what has happened, or what will happen in the future. I hope it stays orderly, but then I want the transaction fees to fall too, so we'll see if those 2 things are possible together.
Hmm if i understood right, i share your thoughts and dilemma. I think no one can predict with certain what will happen. But i believe that at first price will go down, price of bitcoin of course. But after sometime, when people see what is better they will continue investing. I mean why would not they do that, fees will be lower and speed of transactions will be faster. Bitcoin will always stay the same in eyes of common people. We will continue to use it, and with that future of bitcoin is good. |
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I think bitcoin going to increase because there are many supporters to others country Like Japan u.s.a that two countries its so rich. that's why bitcoin is continue to grow up.
Yes its price is going to increasing and so also bitcoin will be goes to establish and you are right the main reason is that Japan and USA are these two powerful countries are supported , and there are very soon that all countries support bitcoin ,and due to this bitcoin will become the world currency. I do not share your optimism guys. I think that in near future, and with that i mean after scaling on 1st of August (if that happens) price of bitcoin will go down first. I am not sure tho, because some people say it will go up, but i believe that first it will go down. After that price will go up, that is for sure, because if i learned one thing from bitcoin... it always go up . |
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What do you think about the fact that cryptocurrencies will literally be the future ? In a few years, it will exploded and, be rich if we hold many ?
To be honest i think that some kind of cryptocurrency is future. But i do not think that it will be some that we know of, probably some new will form in time to come. So that means, that it would be not wise to hold some cryptocurrency for too long, because in time it could worth nothing. So make money till you can, and worry about future when it comes.  |
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It's not like we have a choice. Fossil fuel just ain't working good for us. We are destroying the planet because of it, not to mention starting wars.
IMHO best renewable resource would be sun and wind, since there's always an abundance of that. Fuel made from gas from biodegradable waste would also work in big cities which create a lot of trash daily. Geothermal seem to have no downside and should be pursued if available.
Yes i agree with you. I mean i am not scientist, but i do think that we could live on renewable energy. I think that it would be possible to produce enough energy from wind and sun, to satisfy our daily needs for electric energy. I hope that in future there will be more and more wind and sun power plants. |
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I prefer investing and trading since both of them are current profitable for now as most of investors are putting their money in crypto currency so it's a good idea to take an advantage of that.
It's always better to prefer both things. Trading is a good way for you to grow your knowledge while learning on how you will get into the market. While in investing, the risk is also there but you will not be the one who's responsible for your profit not like trading, you will work for your profit. If you are trading you are also investing as well, you should know that because in both you are taking the risk. Actually I have an investment which is for long term but I also do trading regularly, I live with bitcoin and I have to trade in order to make an active income. That is why I wondered why the question seemed to put investment and trading exclusively from each other. Trading is a form of investment. Also, when you invest, at the end of the day you will have to trade it with fiat when the price is already ripe for selling. Both also involve risk. What you call investment may connote a long term span. That is a safer way to earn. You are probably implying trading to be a short term investment. It is riskier than what you mean by investment but it provides you an almost instant profit which you may then use to add up to your trading asset. Trading and investment both are the same, trading is a short term investment. It may be possible that some people think of the investment only as a capital invested for a long term. There is one situation in which we can differentiate the trading and investment but this is not possible in bitcoin or why will someone do this ? In the other businesses people invest their capital with the traders and become a sleeping partner I am sure there is no such scene in bitcoin or the cryptocurrency investment. Here you have to be active all the time for your investment. I think that in this case he with investment mean on, buying bitcoin and waiting for price to get up so he can get money by doing nothing, passive income. And trading is not passive income, with trading you need to find people and trade with them, which is active earning, and demand time. I prefer passive income more, because i do not have time for trading. |
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I think for now better saving it first, for the time being wait for coins prices will looking up again. And now it seems to have started to look up again. The right choice is very influential on profit.
Yes its better to save coins for now. As I also beleive that price will increase, so Im saving coins for the future. Hold, save and earn coins as it will suits you and you can earn profit here. I also believed that mining is a good project to have and to also get the chance to get a lot of coins and it will not cost anything aside from the mining rig and after that we were gonna get our coins for free and because of that, we should hold it for long term and just sell some coins for expenses and do not sell all of it because if we will sell all then it is not a wise choice and it get rids the opportunity to earn a lot of money in the future because we sold it instead of just holding it for long term. You are not getting those coins for free, those that you mine. First of all you need to pay for Rig, and second you need to pay for electricity that, that rig is eating. In most cases you burn more electricity than you mine bitcoins, so you deal with negative income. But sometime it is better to save even if you failed in calculation, because that bitcoins that you mined will be worth more in future, and in that moment you will have possitive earning. |
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Does anyone have any idea how many people are using gold as a store of value vs btc? And how long do you think until we have the same user Base as holders of gold?
The nice thing about gold over bitcoin is that it has a much longer history and it's far less risky. They are both considered good assets for times of financial crisis, but I definitely see gold as being much safer. What is safer is really better but to hold for longer time is not good for people who does not really have a good amount to invest. Gold offers opportunity to the rich people but bitcoin can make rich become richer and poor become rich. Yes that is because price of bitcoin has been rising till now. But who knows what will happen after scaling on 1st of August this year, well if it happens. Risk is higher with bitcoin, and that is why the gain is higher too. Holding bitcoin over a longer period till now has proven good, but who knows what will future bring... |
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don't think leaving a job is the right decision. The world of crypts so not reliable, but people need some stability
Truly appreciated said... It's not a good decision to leave a job in order to join any crypto currency platform, it too risk to believe it, so no body should leave his job, Because stability is the main factor to earn and live in this world. A person who have good job with decent pay will never think of leaving his job for the sake of bitcoins and will always treat bitcoin as secondary source of income as his day job will give him stable income and other benefits to his family members which is totally missing in bitcoins. You're right, if a job does have a decent exposure, maybe people will not let it be their second income, but still make bitcoin as their second income. Well, I might also do the same, because after all, the job is a definite salary. Real job gives you steady income, and when i say real i mean doing something that pays in fiat currency. With bitcoin it is different. Because of bitcoin price fluctuation, person can not predict how much will he have and when. If you have a family, earning from bitcoin could be hard, because you would need to pay bills and stuff. To all i would recommend to find real job to do, and deal with bitcoin as a second income. It works for me, and it works great. |
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The fees currently which are around $0.7 or so is really high but only for smaller transactions, for +$100 and more paying $1 USD isn't extremely excessive or unheard of, I agree this limits BTC as a currency for micro transactions and live expenses payment.
This will probably be solved soon, I am not with making a fundamental change in bitcoin, but just a solution that will lower the stress in the network, I still want bitcoin to be bitcoin.
You are wrong friend. I wanted to sell around 45 dollar worth of bitcoin yesterday, and recommended transaction fee was 1 dollar for 80 sat/B if i am not mistaken. And they said it will take 1+ hours. It took around 12h for my transaction to be confirmed... Other time before that i paid 3 dollars for 90 dollars worth of bitcoins, and it took around 6 hours to transfer. Price is too high for speed they offer. It is simple as that. |
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https://www.deepdotweb.com/2016/01/23/bitcoin-playing-an-increased-role-in-crime-europol-says/Would you believe that the existence of bitcoin has increased the number of criminality in some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities. This just shows that as bitcoin develops both advantages and disadvantages will tag along. Well of course there will be bitcoin in criminal actions. It is perfect way of paying. Paying with Bitcoin gives person anonymous identity, and that is perfect for black market and criminal actions. But if you ask me it is same with fiat currency so... But to believe that bitcoin is responsible for increased number of criminality, well i doubt that. People will always find way to scam other people. Bitcoin is innocent . |
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Bitcoin is one of the best platform to earn money. for me bitcoin is helping to us who is looking for a job and looking for an earning opportunity. Bitcoin is providing so many sources of earning money, I like most the signature campaign which makes me more confident and solvent, so I'm loving with signature campaign...
This is what i like most about bitcoin, it creates unlimited income for me, i do also love joining signatures campaign and makes money thru trading. Bitcoin is the best thing to make your money grow thru internet, you just need to know how make money and maximize the opportunity we have in bitcoin. Well i would not say it is the best way of making money over the internet, but i think it is maybe the easiest. It is easy to make passive income from bitcoin, and with little bit of trading and time you can make even more. But there are jobs over the internet that are payed more than you can earn with bitcoin, and are more secure with steady income than bitcoin. But best thing about bitcoin is that passive income, signature campaigns and high fluctuation in price. |
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Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!
Well that depends on you at the end, what are you going to do with your earning. But i must say that growth from 13 cents to 50 cents is nothing much, that is nothing compared to some other people that have a lot of Bitcoins. But that make person thinking, if you made 50 cents from 13 in 7 month, how much you would made if you invested a bit more, lets say 1300 dollars. |
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