Once less transaction fees and fast transaction were the best feature of bitcoin.But nowadays less transaction fees is no more available.But decentralization is the best feature of bitcoin due to which bitcoin is still alive and not controlled by any governments.
The fee of bitcoin now is very expensive compare for the past few years of bitcoin and the speed of transaction is also affected by the fees of bitcoin and it needs higher fees to have a faster transaction but i think we just need to adjust to this kind of change because it only means that the network is getting crowded and that will become a good news because more people are getting into bitcoin  . |
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Most likely Bitcoin will gain popularity every year, because already now more people are talking about it. The peak of its popularity has not yet come, accordingly, it is still ahead.
I agree with you, even the price of bitcoin now is high, it can reach even higher price because bitcoin is gaining momentum and also popularity from the countries out there and also having a lot of investors for this year because a lot of people now believed that they can also earn a lot of money from bitcoin by just investing in. |
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I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?
No altcoin is in a position to replace bitcoin.Higher transaction fees has become a big issue in the adoption of bitcoin.But altcoins which offer low transaction fees alone is not enough to attract new companies towards it.Bitcoin has been well established as a digital currency and is rapidly gaining trust all over the world.So thre is no substitute for bitcoin now. It is not all about fee for the transaction that can attract people for the altcoins or get rid from using bitcoin but it is all about the features of the cryptocurrencies, If other people or companies will a chance for another cryptocurrency for sure they will look for the features first because features will be the foundation for the cryptocurrency and if an altcoin will have a better features than bitcoin then it will be a threat against bitcoin. |
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I am curious of your opinion about if you have to start a bitcoin business from scratch today. What is the type of business will your start, even if any of this type of business don't exists at the moment? I know the typical business type on the market are : - Exchange
- Blog
- Lending
- Trading
- Selling stuff in bitcoin
- Freelance job in bitcoin
I will go for exchange because having an exchange especially for altcoins will be a good idea because i can earn passive income there by having a lot of traders that keep trading atlcoins in my market. I can earn thru commission or fees for every trades and also for the withdrawal of their altcoins. Having an exchange is one of the profitable business for me. |
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The first thing I do is tell you that bitcoin is an investment that can bring profit to us. By studying bitcoin then we can make a lot of money.
Already many people who have become rich because of using bitcoin as an investment.
I agree with you, explaining bitcoin as an investment will be easy for them to understand what is the use of bitcoin and you can also tell them that bitcoin can be use as a currency or money and if you tell that to them then they will get more interested in bitcoin because they can have both money and investment where they can use to buy things online . |
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I think this is a good thing, I'm more glad bitcoin gold because if digital cash equal to store numbers, much but its worth a little because it is always exposed to inflation.
As of now bitcoin is more on being gold because it is not yet accepted to the stores as a payment method because it is not that popular yet and bitcoin is just getting popularity from this past few months and the few countries are just starting to notice bitcoin as a potential currency so this time, bitcoin is just like a gold but it will be like cash soon. |
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It's a very bad idea dude! because ads is not a easy think, there have many complexity and its not possible.If you are thinking about this, many questions stand up behind this.
who will pay for this?
who will represent this?
will every country accept this?
and the most important part is how you will promote the coin?
Yep and most adults today is not that open minded regarding Bitcoin but lets generalize it, the digital currency or cryptocurrency since they all think of it as scam. Itwould be effective to do it maybe many years from now where the young omes in the current generation would replace adults which in this generation is what more open minded especially in technological advances. That is not true that most of the adults are not open minded because if you swill do a survey you will find out that the most investors in the cryptocurrencies are adults because they have the capability to invest such a lot of money in cryptocurrencies rather than the young adults. I think the kind of people that are close minded are those old ones and not the adults because the old people like grandfathers and grandmothers are not so exposed in investing in cryptos rather than the adults. |
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We have invested in a ditial token called JANUS and that by far is our best investment with BTC so far as we receive dividends on a monthly basis. We also own a few BURST assets as well and I think my Wife has a little BTC in two revshares but not much.
Good for you that you are earning a passive income from investing on a digital token and also bought some few burst because its price now is quite high and you can sell now to secure your profit. Revshares is also a good option for you to earn passive income but it is not that good because most of the revshares companies are scam and they are just good for a few months and after that they will just ran away with your bitcoins. |
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I would never convert all my 'spare' money in btc, I'd rather have a few different type of currencies in case something would ever go wrong.
But it would also depend on the amount you are saving up in btc. if you have a million dollars spare, I wouldn't put 50% of it in bitcoin to be honest, but if it was a smaller amount I would.
It is better to be safe in cryptocurrencies rather than going all in on investments because it is very risky for the people around there who are greedy especially if they don't have any knowledge about the investments because it will often lead for a loss rather than earnings. It is better for them to just spend a small percentage of their money for investment to be sure that they will not get a huge loss. |
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As we enter 2017, Bitcoin begins with a fresh start making it worth nearly $1000 per coin. Users, banks, and even governments are becoming more interested into Bitcoin, and its underlying technology called the Blockchain. Now, as we progress into making Bitcoin more scalable and efficient than ever, I would like to know what are your thoughts for the pioneer cryptocurrency in 2017? If all goes well for Bitcoin this year, it might increase its value more than $1000, as well as become closer to being used as a mainstream currency. What do you think?  My thoughts about bitcoin this 2o17 the value of bitcoin will increase and you can use it different kind of transactions like you can pay bills,you can buy the things in online market easily. That thing is already happening a lot of people now are using bitcoin to pay their bills online and they can do also a lot of things with bitcoin like buying items or shopping online and also making remittances for their love ones thru bitcoin because it is cheaper and faster than the traditional and much more. |
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This is a common sense topic, chinese people is one of the most business minded people around the world and in fact, most of the investors of bitcoin came from china and most of the miners are there in china so there is no doubt that chinese people are wealthy and they love to invest so if you are a cryptocurrency developer then you should try to get some chinese investors to boost your progress in funds.
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it's life depend on the people if pay attention to it.
no body pay by it,no body regard it as a investment ,it's life is end up.
Yeah bitcoin is depend on people when people stop demand of bitcoin and never use the bitcoin will be dead but we can see bitcoin is nowadays is the part of out life and its very difficult for us stop to use bitcoin. Why do we need to stop bitcoin? We don't need to stop bitcoin because bitcoin is always giving us a lot of benefits from using it and bitcoin cannot die because of us or just a small that we can do, To make bitcoin die it needs a lot of bad things like having a very slow network and 0% of miners and that will be enough for bitcoin, but the good thing is, bitcoin will not encounter any of that because there is a lot of support for bitcoin that has been given by the miners and the community. |
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The only great way comes to mind to earn bitcoins is from trading as I don't see any other better way to make good amount of bitcoins in quick time and which will also grow your bitcoins over a period of time.
The best way to make bitcoin as a less technical way is through trading because with limited knowledge one can easily make it big in it. All you just need to do is buying bitcoin and others coins like creditbit,eth, dash and rippe and hold them for long time and sell them for profit. I agree with you that trading is one of the most profitable way to make bitcoin rather than anything but trading needs time and patience because it is not that easy to make money with trading, you need a lot of time in studying and a lot of patience also, for holding coins so you can earn decent amount of profits from your holdings because the most secret key for this field is patience then if you don't have that then you are already a loser. |
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I like bitcoin because currently is very profitable, I think the best thing the most I like about bitcoin is profitable. supporting factors such as security, transaction speed and low cost.
Yeah that is the best thing about bitcoin, being profitable in many ways because there still a lot of things we can try to earn so much money with bitcoin like investment and trading and many more. Even holding bitcoin for a long time is very profitable for us. I don't think there is cryptocurrency that is better than bitcoin  . |
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Social Media is one of the crowded place online and we all know that there is a lot of business minded people there because social media is one of the serving bridge for them to get communication and i think if we use social media to promote or advertise bitcoin then it will be easy for bitcoin to get noticed and widely accepted.
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Yea,bitcoin is money but it is not like other kinds of money.Bitcoin is crypto currency internet money which you can see only online on internet and not like thing which you can touch.You can buy bitcoin in bitkonan and sell also and you can keep your bitcoins in bitkonan wallet and wait them until they grow.
Bitcoin is not that ordinary money or currency because bitcoin is so powerful and advanced in terms of being a currency. Bitcoin is the new type of currency and a lot of people using it right now and keep buying it from different sites. I didn't hear that name bithokan but i think it is an online site and i don't think it is good to keep your bitcoins there for a long time because it is too risky for you to risk your money and the hackers might steal your bitcoins. |
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Bitcoins for me is an another type of "currency" though a virtual one and considered a money also. Even if it had flaws in it is that it is because it is still on developmental stage compared to paper and other currency and it continuously progressing. Considering it a money, it make to the point that I spend them on somethings instead of my real money(which is primarily local currency using cash)which is convenient to my side. I can say it is also innovative.
Bitcoin is fundamentally different from the traditional currencies which we are using so far. It might take more time to generalise (through legal, economic and other aspects). Yes no doubt, it is more convenient as there are no extra charges, extra time and most important the third party interference. Yes and the said reasons are why the people prefer and like it. It lets you go with an ease with the best opportunities and most importantly free from the extra charges with a no time option as compared to the traditional system. Traditionally the transactions take too much time with lots of other formalities, which are all let behind by the bitcoins. I wouldn't hesitate to pay extra charges but even in that case, traditional fiat system takes much time and that's why I prefer to deal using bitcoin. Sometimes we didn't care about fees and charges when time is limited but fiat fails in this aspects and bitcoin defeats it even in the case of unconfirmed transaction backlog. We should care about the fees because sometimes the fees are over priced and that is why we should care about it. We all know that bitcoin is faster in terms of transaction but sometimes bitcoin charge too much fee and that is not fair and if we don't pay the required fee then we will wait for a few days before it gets confirmed. So i think it is easier to stick to fiat in doing transaction and just use bitcoin for transaction if we didn't get too much charge for the fee. |
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Cash is better as of now than bitcoin because cash is widely accepted and we can do transactions with it offline and also if we do individual money transfer, it is not that huge problem because the transaction is almost the same with bitcoin with just a higher fee. Cash is also fixed on its value so we don't need to worry about getting a loss in the value of our fiat.
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If the use of the bitcoin has reached more than 10% of all global transactions, the bank immediately disappear. When most people turn to the bitcoin, surely there is no reason to retain the bank.
That is not how the world of financial system works. Banks will not disappear because of the usage of bitcoin because they know that they are still stronger than bitcoin and they still have a lot of users that is more than the user of bitcoin so bitcoin will not surpass bank anytime because bitcoin power is not enough to make banks disappear. |
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I use my old laptop to store my savings in an Electrum Wallet which has never been connected to the internet, so it's pretty safe in my opinion. I haven't tried paper wallets that could save me a lot of time; I'm just worried that it if I lost the paper wallet or something. I also have a hot wallet for my day-to-day transactions.
Paper wallets are good to use, in my opinion. I used paper wallet for a few times because my hot wallet online is not that good in security because i received that my password got changed so i get some paper wallets and i can say that it is more comfortable to have a paper wallet rather than having an offline software wallet because you can hold and you secure your paper wallet because it is physical and you will not be worry about having an hardware issue to your laptop. Paper wallets are so convenient for me . |
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