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$0.85 transaction fee is just a small fee because if you compare it to the banks or any remittances you can get a minimum of around $1-5 fee for every transaction (based in the rate of the remittances here). When i do transactions in blockchain, it charges me for the lowest of $0.42 and the maximum fee that i put is around $1, it is okay for me because higher fees means faster confirmation.
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I think if we let stand bitcoin then there will be increased, I prefer to use the bitcoin for trading, following ICO coin so that bitcoin be increased. and it's been proven over the last 7 months.
I also agree with you. I will not let my bitcoin idle and not be used for any thing. I better use it for capital so it can grow it and it will benefit you. Yes don't put your bitcoin and stuck it into your bitcoin wallet because it will be just a waste of time because you can use it to grow it fast and you can earn interest if you invest it into a right company. Holding bitcoins is just for busy rich people because they can earn a hundred dollars if they have a hundred bitcoins in their wallet by just a small movement for the price. |
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There are many factors that affect bitcoins price directly or indirectly:
1. As the currency is expanding in many countries this causes butcoin to be introduced to many new investors this leads to increase in market cap and thus increases the price.
2. A positive news for bitcoin , like let's say some exchange like western union announces that they are going to accept bitcoin because of this current investors will invest more as they are aware in future because of this introduction price will increase
Yeah those two are connected to each other because of the positive news about bitcoin came up then it will make a noise in the market and soon it will attract other investors outside the market to invest in bitcoin and it will become a huge help because there will be a new demand added to the market and it will pump the price of bitcoin. |
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I am not satisfied with the too long speed of operations. It's still bad that you can not use your coins without the Internet.
True, I also feel the same irritation when doing a transaction with a small fee. Eg fee 0.0001 btc with blockchain wallet. I'm sure you'll get confirmation the next day Lol Yeah the fees or confirming transactions is one of the most irritating moments when we are doing transaction. I think this kind of problem is need to fix as soon as possible because if not then it will be the biggest disadvantage of bitcoin and that can bitcoin to drop its price and people will just leave bitcoin because of that. |
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We can't determine if how many but i can say that it is just a small amount of people back in the year of 2016 because the price is just starting to go up and most of them starts to sell and only a few of them still hold bitcoin. In the case of users of bitcoin in 2016, it still a few because bitcoin is not that popular and it just starting getting attention in the end of the year.
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I think the difference in real money and bitcoin is the ease, security and speed. bitcoin better everything rather than real money so that users of the bitcoin on the rise.
Safety and speed now is more suitable just for real money. Because there is a possibility that bitcoin wallet can crack, and the speed of operations is too long. Yeah there is possibility for bitcoin wallets to be cracked but there is a lot of wallets to choose from like the hardware wallet which is virus and malware proof. You can easily buy a few of them to try what is the best for you and for sure your gonna love the hardware wallets because of the high security, but as other says, it is still up to the owner of the wallet if he will have a very careful management for his wallet or not. |
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I think Bitcoin's price is a double edged sword. It's price volatility means that you can make slot of profit by trading or simply holding on. But sometimes, things can go wrong and in a flash the price could plummet. This problem could be fixed if more people used Bitcoin, with a large community and a stable market cap.
Yes the volatility is a double edge sword because we can get benefit from it and we can also get a huge loss because of it but i think we can still have a higher chance of getting the benefits of being volatile of bitcoin by having a lot of information to make it as a basis in buying or selling bitcoin in the markets. |
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what if someday when bitcoin has become the main payment instruments in the world. and how when the Internet network paralyzed. it means that we all can not perform various financial transactions? , is there any solution ?
If someday we use bitcoin as a mode payment then the internet become paralyzed then we go back again to use cash. That is the only way and solutions i know because we used cash before bitcoin came. Yes, I agree with you, we can not rely entirely on bitcoin. Using bitcoin is just a trading method in the future and if the internet is paralyzed, we can still use cash for the transaction but I think the internet is paralyzed can not happen, if it happens, it will be a global disaster. The fact that the internet is paralyzed will affect the economy and the lives of so many people in the world, I think the governments of nations will never let this happen. Yeah internet is one of the foundation of any kind of thing that is related to our economy and i also agree that we should not always depend on bitcoin because it is risky so we should also save some money thru fiat and not only in bitcoin so if bitcoin or the internet will totally dead then we can still use our fiat money. |
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Whether the cause of bitcoin can survive until now can even penetrate the price of 1600USD, after the terunt hardfork issue yesterday, bitcoin community trust instead of down even increased
What is your response?
Bitcoin can survive in any kind of problem even the hard forks issue because bitcoin already built a good amount of reputation and trusts from its communities around the globe. The price of bitcoin now is really increasing and i think the problems or issue will just a small concern for bitcoin as of now. |
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The only reason that i see why many countries just recognize bitcoin now as a virtual currency or we can say a good investment is just because of the price and the hypes. Back in the days bitcoin is not that high and don't have a lot of popularity so the countries especially those big countries just ignore bitcoin but this year is different because a lot of countries now are planning to embrace bitcoin and some of them already legalized bitcoin and will be the added for the energy of the hype for other countries to recognize bitcoin also.
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There are soo many ways to earn bitcoin, just like our ordinary fiat. You can offer services with your talent or skill and collect bitcoins as payment. You can trade, buy and sell anything and accept bitcoin and you can mine. You can join signature campaign here also or join ICO with legit dev and so forth.
That is the most common way to earn bitcoin as we know most from this forum. But we can also earn bitcoin by selling goods, that way we can even sell to people far away from us. You can do escrow service too to earn bitcoin. You can gamble if you prefer that kind of earning. Invest it at some companies you would like. Common ways for people who does not wanna take risk, but for people who love more income they take risk, investing and trading is what they do. Me, I do both jobs and investing, it gives good outcome to me. That is good that you're keeping balance to your work in bitcoins because that is the best thing to do rather than getting full time in bitcoin. I think that kind of strategy will be the best for you if you buy bitcoin on a regular basis so you can get the average price of bitcoin and get a chance to minimize the risk because when investing regularly the price does not matter at all because you are buying for long term which will give you a lot of income. |
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I think we should be optimistic about the future, it must be recognized that the bitcoin system bitcoin is the best, full secure, fast and cheap is the concept of financial future.
Bitcoin is digital currency of future. Many people or industries are in the bitcoin business that makes bitcoin more popular. Bitcoin has lived a lot people. With its system bitcoin, is a breakthrough to change the pattern of classical economy. Yeah for sure, bitcoin will change the classical economy for our fiat system because bitcoin will provide a lot of changes in our financial system like faster transactions, much cheaper transactions fees and also a convenient currency that you can bring anywhere without worrying about getting a fat wallet when you have a lot of money to bring. |
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Coinbase is now accepting payments for litecoin.
If more retailers accept alts, that could easily increase their usage volume and demand to a point where they're able to compete with btc.
Its retailers and services like coinbase who will determine how well alts perform.
Maybe the reason why LTC is skyrocketing now, I failed to buy when the price was low but I never regret because I also have my bitcoin increasing in value. Old alts has a chance, LTC, DASH, and ETH. I also failed to buy litecoins for a low price because i see that it jumps from $4 to around $15 and i think that is the final destination of the price but i'm wrong it keep going up just like the other atltcoins even if the price of bitcoin is high now. I think the altcoin market is dangerous right now because this kind of behavior for altcoins are very weird. So i just stay from holding bitcoin because i feel safe with it. |
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I also use bitcoin back in the days and it is still fast but now it is not that fast and it takes a lot of time. I think its because of the volume of users that are keep increasing everyday because of the tons of news about bitcoin and a lot of people are also getting interested because of its high price so i think the network is overload now so that is why transactions took too long to confirm.
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Trading was the best thing that we can do without mining bitcoin. all people now will hold bitcoin as prices continue to rise, the impact is a fixed stock but demand is high so prices will continue to rise.
Yes the best source of bitcoin nowaday is trading altcoins in my experience because in trading altcoins we can use small amount of capital, so the risk losing money in trading altcoins is little than trading bitcoin to fiat because it needs much amount of capital to trade bitcoin to fiat money. Yeah trading altcoins is a lot way better than before because even the price of bitcoin pumps, most of the legit altcoins stay up to the top and their price is still pumping also just like bitcoin and that is why altcoin trading is the best choice to grow our bitcoin and at the same time earn interest from bitcoin in terms of value of our holdings. |
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I do not put all my money on cryptocurrency since majority of it are being used for family budget and bills payment. I only allocate the free fund (excess after budgeting the money) and not 100% of it. I allocate 50% as savings in cryptocurrency and 50% as savings in fiat money. This is to make sure that I won't be touching my BTC for a very long time..
Great diversification. That is a good money management because you are not risky and you don't invested all your money savings into bitcoin because there is a chance if you put all your money in bitcoin then when you need money for emergency, you need to sell your bitcoins first for a not high price which is not a good one to sell. Keep diversifying your money and at the end of the day you will be satisfied  . |
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To be honest, I am not surprised with the current price rise as I am expecting this sharp move (both upwards and downwards) in this year. I think this is a symptom of increasing trust in cryptocurrencies (not only in bitcoin but in ltc etc too), prices will keep fluctuating but the growth in user base is very promising for the future of these cryptocurrencies.
Yeah, Bitcoin already built its reputation to the public and a lot of people now especially those investors and traders trusted bitcoin for their possible investment or source of income and also the good news like the leading country that adopts bitcoin which is the country of Japan, that is enough for the proof that bitcoin is getting bigger and bigger and soon we will witness a 10x price for bitcoin. |
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I never imagined the bitcoin with the current value, neither soo many projects working with it, supporting and letting it to grow, a lot new investors are coming and bitcoin is growing well at the moment. My projectios were bitcoin at 1400 with 2020 halving nowadays looks like we can reach 2000 dolalrs this year already.
I would not be so glad to be so early because it's a premature joy. Of course you are right if all the predictions come true And then we will be very rich people. But if you look at the statistics of the growth and fall of Bitcoin, there you can be a little scared. We can be a rich people if we just continue using bitcoin and collecting bitcoin until its price reach a very high price. Those people who are early investor for bitcoin and they have bought their bitcoins for a very low price, they are rich now but it doesn't mean that we are late because it is better to be late than never and we can still be rich if we have bitcoins or buy bitcoins now because the price is undervalued and it can go up to 10x from the price now. |
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I think bitcoin will still grow in the future. Well, that is a very profitable technology for many people. So, the probability of bitcoin will continue to develop into the future. Someday, maybe bitcoin has a function that is equivalent to fiat, or even higher.
I agree with you. Bitcoin has great potential. And in the future, new ways of using bitcoin and the blockchain system will be invented. It will be implemented in many countries. And of course the price will grow significantly As far now bitcoin price has increased very fast. If we look at the price for last one year we can see that the price of bitcoin has increased drastically. I don’t think so that the people interest will divert to altcoin or elsewhere. Bitcoin is the future and in coming days more and more people will take interest in bitcoin and will invest their money in bitcoin. Bitcoin is on the middle of a bubble those that are investing in bitcoin don’t care about bitcoin they only care about the profits as soon as the price begins to go down all of those people will get their money out of bitcoin and the price will get even lower. Recently I meet very often as if people had become Bitcoin fanatics, and as if they were beginning to pray for him, awaiting the coming of huge prices for crypto-currencies. I will not say that I do not expect such a price, But my expectations are a bit more modest. The current price rise is not just a hype with no basis, we have seen that japan as one of the biggest followers of bitcoin are already considering bitcoin as legal payment system, I wonder if satoshi nakamoto is from japan. I can say that it is all combination of hype and adoption and other kind of good news. You can see that there is a lot of news coming for bitcoin and also adoption so there is a lot of possible investor are keep looking at bitcoin because its price is climbing up to the moon and the hype is getting stronger and this is why the price is keep rising. |
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Bitcoin for me from now on is the main source of income. From trading bitcoin / altcoin I can have a house, car and more. It becomes a double advantage when bitcoin prices have passed $1500, because I remember when I started bitcoin business the price was still $320..
It is good for you that you are making a living in trading altcoins and bitcoin and you can have a car,house and more, that is a very good news for you, I think you are a good trader or a professional trader because you can get a lot of profits to be able to buy those things by just being trading on cryptocurrencies. |
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