|
Even the supply and demand fluctuates, even the price increases. Our economy will not feel the effect. Bitcoin is a currency but its not like the real currency that can affect the prices of goods or the whole economy. Even if it will goes up and down we will not feel its effect. Without the internet bitcoin is nothing.
|
|
|
|
|
Well gold is gold. It is known for a very long time. Gold proves itself in the market. People like to invest in the things that can they be seen or hold. Nowadays, gold stabilize its price in the market. There is no fluctuation unlike of bitcoin. Bitcoin fluctuate every now and then and that what traders are looking for. The excitement and the thrill of bitcoin that it can give. Like they can play it.
Therefore investing in gold and bitcoin depends on the preference of the investors.
|
|
|
|
Stable price would surely attract more users to Bitcoin, but aren't we all here looking for a price increase , a big price increase in future time span of 5-10 years? Basically I am looking for that and collecting BTC until that time, so I am only worried for the price of Bitcoin up rather than many other people joining it, although many other people joining it will result in a price increase.
Surely the price will increase in the next 5 to 10 years. But within those years for sure it will inflate and deflate as all currency is going through that. I don't think that the price of bitcoin will be stable. The volatility of the bitcoin makes the others to attract. As traders will love to play the market. If the price will be stable there's no thrill after all. |
|
|
|
In Israel we have a bitcoin ATM.
It's really simple, you just need to:
1. scan your wallet address barcod
2. put in some cash
3. aprove the transaction
4. wait for the transaction to your wallet
I think it should become more and more common everywhere in the world.
Wtf that's awesome. A bitcoin ATM! I wish people in my country will be able to develop like that. That will be so fast and convenient. You will not need a card for the transaction. Withdrawing some fiat directly in the machine. That's too cool to use. |
|
|
|
|
Well as the bitcoin halving is always anticipated others believed that an anticipation of a price increase could actually have resulted in a bit of a bubble, and therefore expected a fall in price.
When the price falls and then it will stabilized after the halving.
|
|
|
|
As Dinofelis said, cash with a finite supply is inheritly volatile. Fiat is able to control giant swings with policy changes & fresh currency, this is something that bitcoin seeks to avoid. We can't add mechanisms for price control and then in the same breath call Bitcoin a "freely traded market", which imo is one of the more appetizing features of BTC.
If limited supply is the core reason for drastic fluctuations then I guess we need to switch over to satoshi based trading instead of current doing BTC based. For example dogecoin are having lesser volatility as they are having huge number of units and no total supply cap. Well I think no other alt coin can replace bitcoin as being top crypto currency. Bitcoin will always be bitcoin. Any currency have the volatility as a player in the market. There will always be ups and downs so no currency will be stable even though there's a high supply. That's our economy. |
|
|
|
|
When I was starting in Bitcoin I thought playing games will give me bitcoin.
But I found out thet it only pays a little even though you played all day.
Such a waste of time. I also tried alien rush, that was a fun game.
You should know what your priority, playing games or earning bitcoin?
If you want a decent pay join in signature campaigns. They pay you good.
But if you really like to play games or your a born gamer go with that but don't expect to earn a lot.
|
|
|
|
Do all people have internet and mobile phones in Africa? Even if they do, how exactly they are going to maintain a proper wallet without it getting lost or robbed? A lot of people cannot even understand how to get a wallet started and pay with Bitcoin to be honest.
But that's where the future should be going so we have a nice worldwide currency.
You have a point. In fact, you will be starting in totally scratch. You need to educate the people what is Bitcoin and how amazing it is. You can advertise it thru television,newspaper or other media that is accessible in your country. In that way many people will know and many investors will get attracted in Bitcoin. And success will not happen overnight so you better work hard for your dream to your country. |
|
|
|
Is it better to save money in bank or invest it online, in real estate or maybe gold?
Well actually it depends on your needs and preference. Investing in real estate is such a risky doing as our economy is at risk, anytime it can go down. Investing in gold is more better than real estate even though the votality of its value is unpredictable. But we all know that gold is always a wise investment. Saving your money in the bank is the best thing even the interest is not like gold. But you're always sure that it is in the good hands. But if you want to grow your money fast you can go with the gold. |
|
|
|
|
The first step to trade is to invest.
Of course you can't trade if you don't have money.
So invest first, investment is you made a profit. While trading is to have a deal or negotiate with others.
|
|
|
|
Yeah the network effect of bitcoin now makes it unstoppable, thats not to say that money cant be made from altcoins, i should know i made abit last year selling zcoin.  bitcoin is undeniably the top crypto currency. as bitcoin is ahead in other alt coins. But ethereum has seen the potential as next to bitcoin. Ethereum prove itself in the market. Like bitcoin, ethereum is also decentralized. Also a distributed public chain network. |
|
|
|
If Bitcoin hits 80.9 trillion dollar this means 1 bitcoin = $38,523,809.52  This means every owner of bitcoin will be a multi-millionaire and well the transaction fee would be $30819.05 @ 0.0008 BTC transaction fee great for coin that is introduced as small to nothing transaction fee . Well why would I care for $30k fee if I have multimillion dollar in my stash. Definitely I will change this to fiat currency since moving it to fiat currency, I can save a lot in terms of transaction fee every time I move my money. Agreed that paying a fees worth 30k wouldn't really mind anyone at all , but younare surely making a mistake here , if bitcoin reaches it's max cap and price that means there is no way people can mine more coins and nor the price would increase anymore so just imagine why would someone 30k for a coin which is at it's max and the price will surely not increase. Bitcoin will just become like most of the alts who have value but no demand at all You're absolutely right. If the supply will increase like that the value will deflate. Even if bitcoin become $80.9 trillion but it will doesn't matter after all. Just like now in our currency. $1000 now is like $100 before. |
|
|
|
If I would have known bitcon earlier maybe I'm rich now. : I heard many stories about how bitcoin change their life and I envy them. Now they living their life that they dreamt of. Well success is not earn overnight so I hope I'm not late in learning of bitcoin. And as bitcoin is growing over time I know 10 years from now we will be all miionaires!  |
|
|
|
|
Bitcoin has limited supply. There will only be 21,000,000 bitcoins that are created.
Once they are all issued bitcoin will be deflationary.
It will only deflect but are not going to die. And miners will mine other alt coins to use for the future.
|
|
|
|
Ethereum has a big potential to increase more their price that's why I choose ethereum as altcoins worth buying. In addition ethereum is a good start of investment to crypto currency because their amount is continues increase due and it sounds good to all investors.
I strongly agree on that.  as ethereum following the steps of btc. So there's no doubt that eth is good to invest. |
|
|
|
|
As bitcoin is volatile as altcoin is.
We can predict it but the way altcoin performs now in our market we can say that the value of altcoin in year 2020 will be increasing.
I hope eth will follow what does btc and alt are doing.
|
|
|
|
|
Your username: chocolah29
Position to apply: newbie
Your current post count: 12
Your btc address:3PpqhxA87QGyVYVeknsxACE6TUUN5amukA
|
|
|
|
|
Very informative thread. By reading all those posts I deeply understand the economics of Bitcoin. How the money supply inflation differs to the value of bitcoin.
In my own understanding, there's no effect of the money supply inflation in the value of bitcoin, thus the demand has the effect.
Simply as if there's a high supply in bitcoin the value will not change or it will decrease.
|
|
|
|
|
Technically speaking they are still unemployed but because of bitcoin they have an inçome.
Bitcoin is only temporary. We can't predict its future. As it will develop over time. We can't tell if it's gonna be successful or will fail.
We should invest on business as source of income. Make our money useful, so if something worst happen in Bitcoin economy, we have money in our pockets.
|
|
|
|
What do you mean by Bitcoin chatbot? A service where you ask questions and the bot detects it and answers it automatically? Or a place where people can chat and tip each other? If it is the former, since Google is already good enough to act as a helpdesk, maybe you could compile a list of interesting sites, altcoin trading, and a link to this forum. What to you aim for with this chatbox? Its not a chatting site. Bot will do work for you, which you will tell him. I am thinking of an btc exchange in a chatbot. Chatbot? Like an automatic chatbox? You will ask questions then they will answer you? That sounds cool for me. It will help a lot to us. Please do that. |
|
|
|
|
Show Posts
