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I don't think if country will accept to use bitcoin as a national currency. Bitcoin is decentralized very easy to affect the economy moreover the value is often fluctuation. But if the country will accept that risk i will fully support it.
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Both of them are risk, but I recommend you should be trader. Most of invest sites are scam, and now, only few projects that can make profit in shortly time by invest. But become a trader is not easy, you should study some lesson aboubt charts, skills and trick  ))) Good luck for you Become a trader exactly people must have a skill to analysis the chart choosing a good coin before trading is must to avoid the risk like scamming or value drop drastic. Not like investing people do not know whether the project they investing is promising or not. |
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Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap.
So, do you use low fees, or always want to get confirmation in a next few blocks?
Indeed using low fee will get slow confirmation but it's not will take too long. I also using low fee to save bit of my money i'm ok with that the most important the transaction will be confirmed. |
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Every time you hold does not allow you to get a profit there is always a risk people will get. Not always the assets you hold it will rise, it takes time but if you are lucky you can get easily the chances. And if holding too long it is possible for you to lose the opportunity to sell it, it could be the assets you hold down when it has reached a high price.
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The government's reaction to bitcoin in my country is too afraid to recognize bitcoin as a safe currency for investments and other transactions. So that the government do not recommend his people to use this currency. They do not at all completely ban bitcoin they just urged people not to use bitcoin because it is not safe and can be used for crime.
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After a long wait Bitcoin is rising up in charts.Do you think Bitcoin will finally hit 20K this month if its price increase rapidly?  I hope so since a month ago bitcoin price is hit 18k but we can not see it this month happening. So in march he next hope to return to the highest price. |
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Bitcoin is the first crypto currency if it is taught in some college places teenagers will use this coin later. Because this currency is very useful and can be used for any payment. If this goes bitcoin will be more popular later. But it should also require permission from the government.
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I do not trade too much often but what I do when trading is buying when the price is down and selling when the price goes up. But all that must be analyzed the charts do not just buy and sell the coins directly but must be analyzed whether the coins that you are trading it will rise or not.
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I'm not really sure if bitcoin price will be stable, as we can see now bitcoin price is still moving range $10k and i think this also happening on other altcoin. Fluctuations of cryptocurrency can not be separated.
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If all paper money were change into Bitcoins, can it be access and use by everyone? how can the beggars access Bitcoin?
As long as the beggars can access the internet they can finding bitcoin from it. I think beggars not should to ask bitcoin from other people because we can easily get bitcoin and other cryptocurrenncy like joining on airdrop and giveaways. |
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I prefer exchange that makes it easier for me to access it like easy login access, friendly interface, have good reputation from clients and have low fees when trading and withdrawing.
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Perhaps the reason ICO is not using fiat money is a very difficult process. Compared to other Bitcoin and Cryptocurrency it is very easy to send money in the form of crypto for investment in ICO.
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I am a newbie in Bitcoin Forum.I know some of the most important uses of Bitcoin.They are:
1.You can buy a flight ticket.
2.You can rent a hotel room.
3.you can buy pizza and other food related goods.
4.You can use it as a investment vehicle because bitcoin will continue to grow in value.
I want to know other important uses of it.
I think people common to use bitcoin as a trading investment and also payment. The use of bitcoin is now rarely used by bitcoin users probably because of its legality. But I'm sure in the future there will be many uses. |
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I do not know if that works or not but it's very risk. Just imagine if you sell your house then buy bitcoin and a few days later the price is down. Maybe if you are patient until the price is good it may be more profitable. Bitcoin volatility becomes a challenge for investors or traders to deal with.
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There is so many thread asking for whether the bitcoin will be replace by another coin. As i know bitcoin is the king of the cryptocurrency not just the first bitcoin also have a good populartiy and value than any cryptocurrency. I do not think bitcoin will be replace moreover like Ripple.
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Hope like that but we need to keep to trust and support to bitcoin. Bitcoin will die if no one fully supports it. If it's awake then there will be days for bitcoin.
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Do you agree that facebook banned all that promote ico's and bitcoin?
It's good for facebook company that banned all ads that promoting an ICO but not for bitcoin. ICO more potential to do a scam it has occurred and very dangerous to investors as well. |
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I'm buying bitcoin at $6k not too much but at least in holding until the price soars. Do not know if the price will come down again or not let the market decide.
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Yes, i have been scammed by joining on ponzi website. I've investing a lot of money using bitcoin and I only get half profit from my capital. Lesson for me to be more careful of suspicious investments.
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Can bitcoins be converted into cash?
Absolutely can, bitcoin can convert into cash or your local currency. It's just that you have to use a exchange site that offers swap to cash. It depends on every country but if swapping to dollar or eur it many sites offering. |
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