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I have an entirely different approach. The government may, although difficult, try to stop the transactions with bitcoin and impose penalties to its citizens. The basic advantage of bitcoin is the freedom given to transact each other through the blockchain technology. On the other side a disadvantage of it is that it isn't anonymous but in the world of crypto currencies there coins that provide anonymity because of their protocol. So if I can not do otherwise I would exchange bitcoins with monero or similar currencies.
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A digital currency minted and regulated by the government is just another form of the fiat currency. How is it going to be any different from other digital forms of payment, such as Paypal, Skrill, Payza, and Payoneer?
They what the advantage of bitcoin technology with they own digital currency and not to be left behind. I think for any government that will be more convenient to reduce the fiat currency in circulation and save money at the same time. Furthermore, for the people that will be the same thing as any regular fiat currency with inflation, centralized and losing purchasing power every year. I agree and I add to that governments and banks they want only to reduce the operating costs and simultaneously to have under their control all the money of their citizens since cash would simply not exist. They are interested in blockchain technology but with a completely different concept from that bitcoin transactions use. So digitization of their fiat currency enables them to have greater centralization and control of the money of their citizens than this they have so far. |
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For Xmas price realistic is to hit little over $800 to go over 1000 is little to much at this point. Dont think we can expect to see price goes over 1000 but to see 800 is really realistic in 10 day we can expect to see that price over 800 maybe in some range of 820-850 that would be great and good to see.
I agree that a realistic price for Xmas is to cross the line of $800 if it has the ability to surpass its annual high of $781. A sky-scraping price it is possible after a short time to lead the bitcoin price to go down. In my opinion is better to have small and steady raise of the price. |
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In the fiat money world banks many times ask for a collateral especially if the customer belongs to high credit risk team or the loan is high. So the customer must sign many papers and must have something like a real estate property as collateral in order to take a loan. If he cannot repay his loan, then as anybody knows, customer has many bad consequences including in some cases the loss of his property. In the bitcoin world I can't understand why people want to loan without a good feedback, say trust or without collateral or escrow service?
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As someone wrote above if we speak about fiat then this would be our financial grave, a real nightmare. Have you ever imagine this case? that would be only one bank and could regulate anything (loans, interests) and so on without gives a penny to their customers?
Only with bitcoins where any user is simultaneously bank and customer; this case would be viable.
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It's a pretty simple question. If you had the option of paying in bitcoins or dollars and the price was exactly the same, which would you pay with? One thing you never have in the back of your mind when paying in dollars is 'hmm, maybe this'll be worth twice as much next year.'
That's true. If you have only one currency there is only one way when you want to pay. But If you have two or more, maybe fiat, then this question arises. But in my opinion this is logical but not the issue. I stuck when op wrote about real money and not real one. I believe that in the brain of people the picture of money is deep and they speak about bitcoins like as they speak about money in "monopoly" board game. |
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Very nice pretty method admins chose to promote their website especially when this one deals with gambling. As always security belongs to first things a user must confirm before play assuming that he follows some basic steps of security too.
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It depends when OP believes that USD will collapse; If this happens in nearby future then another fiat will take his place. Euro is very weak after eurozone crisis and China waits with RMB just to maintain their economic growth. Older people and not familiar with digital coins will use gold at first and bitcoins the youngers. In the distant future maybe people have fiat money as souvenirs from the past.
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It's not first time I read about ransomware but I freaked when I read that if you have not any money to pay them then you must be a copartner with this group infecting others. Maybe this is a new policy to cover their tracks or some kind of their ethics when they launch their malware code.
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I could no find anywhere neither as rumor about a small crash. I don't know if OP lives in a country where btc is banned and may be there would be an issue with buy/sell this. Moreover because I live in Europe what to say about the civil war in western Europe? Maybe some links from OP would be a good start.
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If this task is not closed I would like to take part. So PM me with details.
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I can't understand what is the problem with online shops; This process is doing automatically. If the price of bitcoin changes during the time buyer order it since to pay it I believe that is not fair that changes. The buyer pays with the price he accepts in the checkout process even though there is as option to pay on delivery
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I can't see this option in my country. They give you a free month as trial so anyone test it and they ask about your credit card or paypal account. Additionally there is not as option the usage of prepaid cards. After that if you don't stop use their service they start to charge you using this card.
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I saw very quickly one of his videos; this one with web bot but I cannot understand what methods did he use to forecast the future. He speaks not only for bitcoin but for many things. Furthermore I have my doubts about his project is called "collective unconscious". Has anyone long time ago subscriber of his channel checked any of his predictions?
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bitcoin is still new and it is even in the beta stage even after this many years. if you look at the version it is still beta.
and since it has been gaining some popularity it is understandable that the number of users everywhere in all the bitcoin services have been going up.
Bitcoin isn't new anymore, it's an stable coin where people can run away from local economy crashs, see India and China for example. Unfortunately we don't have a good market on it, there's few services and goods to buy with it. We must not close our minds in welcoming those hardworking people that seeks good opportunity in bitcoin and yet you must not judge your economy which you refer to bicoin, because there were many options that people may do with bitcoin. How about tradings with altcoins with bitcoin market investments, you must not look unto one options but must have wide visions about what bitcoins can do to your life as long as you are hardworking and smart person the success is your's if you deserve it through your struggles. I agree and I have to say that we need more information and education for the people, if we want a speedy adoption of bitcoin. Today most people, except a few young enthusiasts are taking part in the world of bitcoin because of its high price. This is definitely a good reason, but what will happen if the price is lowered? |
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For sure the price will not go down but high e very high. Will go higher until the first of them who have bitcoin will sell. And in this moment all the story will begin from the beginning. Who will want bitcoin will offer always more and more to have. Who have will sell to have the money. To not forget that the affection of the people for bitcoin has made possible the price of bitcoin in these levels. Will be this affection which will not leave that the price go down in the above situation.
I agree that price in a short term will go down because bitcoin is a currency and not stock or bond. If anybody try to compare it with gold must think that there is no comparison and cannot use it only as sanctuary when there is economic crisis in a state. Gold does not need internet and blockchain; but bitcoin without previous is only a piece of code doing nothing. |
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Let us define the future:
If we talk about the near future, then the bitcoin like as any other cryptocurrency is not the best currency compared with fiat one. At first internet access has only 40% of the population worldwide and the secondly people need information and very good education. They are nor all of them tech savvy neither enthusiasts with all of this innovative technology.
If we talk about the medium as well as the distant future imo the above problems will largely have been solved and will circulate globally various digital currencies not only bitcoins but also private ones governed by private and centralized banks blockchains.
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Many people with unique interest only in quick profit without considering the reasons this happened will definitely abandoned the bitcoin community. But there are also the others who believe that the future of financial transactions between people based on decentralized technologies without intermediary i.e blockchain and everyone has the right and obligation to manage his money as he wishes. This user base would be grow among open mind people all over the world.
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I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.
What do you hold the bulk of your wealth in?
I would go anytime for either gold or silver while leaving USD,EUR,GBP or any other fiat currency . Gold exists for thousands of years and I don't see why It will start losing so much value or being unused right now . If you want to store your wealth then gold is the way to go , If you want to get profit then I guess BTC is always the way to go. Bitcoin may not stable but the likely thing to happen in the future is a price increase as more and more users are coming everyday. I have the same opinion. Gold has a constant value throughout the centuries anywhere in the world. Maybe a part of your funds you have to invest in real estate. There are many places where is difficult anyone to lose his money. At last I would keep a few coins because their future appears much more certain of fiat money. |
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It is an established fact that bitcoins aren't very useful for offline transactions (even if you could use, for example, OpenDime devices for making such transactions). If Bitcoin banks are allowed, they would most certainly start issuing Bitcoin certificates (let's call them paper bitcoins), like many banks did in the 19th century with gold. These certificates could easily serve as paper money of sorts and thus solve the issue with offline transactions. The main problem with this approach is that banks might start (and most likely will) issue more paper bitcoins than the amount of real bitcoins in their wallet. So this raises two questions. Namely, if it is possible to prevent Bitcoin banks from issuing paper bitcoins altogether once they get allowed and start popping up here and there, and if there is a way to make these banks to limit the amount of paper bitcoins so it would match the amount of real bitcoins they have...
I think we might eventually have to face these issues, especially if Bitcoin gets more traction in the future
Εverywhere in the world banks are looking for ways to reduce the circulation of banknotes and try force people to use e-banking and debit/credit cards. So why they could takeover the operating costs of such a process as we know that there are credit card users can buy it with bitcoins funded by bitcoins and use it as fiat currency? |
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