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I think this is nonsense for bitcoin to buy a house that is decent and if it is possible i'm sure that it will take a lot of years to wait before you can buy a decent house with just only one bitcoin. Be realistic and you know that even the current price of one bitcoin cannot buy anything even at least a lot for your house so there is no chance for bitcoin as of now, i think, that it can buy a house.
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I think not only one people are destroying bitcoin because there is a lot of people doing that like the alternative cryptocurrencies supporters or the people who got a huge loss in bitcoin market, they are all destroying bitcoin aside from the popular ones. I think this kind of bashing for bitcoin is not a new one because back in the when bitcoin experienced a huge dump on the price there is a lot of people talks about bitcoin and said that it is already dead.
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Those mistakes are right because most of the mistakes on the list, i experienced that like buying a lot of coins or altcoins when the price goes up or a news just launched, this is one of the my difficulties about bitcoin because until now i often do that but some of that greedy moves lead to me to gain profit unlike in the old days that i was always late.
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remember that are not the miners that make the fee, they could accept even the lowest fee if everyone was using the lowest one and reducing the average, it's up to the peple that decide what fee to use
if for example everyone start now to lower his fee the average would be like the old 10k satoshi per transaction, but instead everyone is rushing to have his/her transaction prioritized and this is increasing the average, miners have no fault here
Due to increasing difficulty,bitcoin mining has become a expensive affair.If there is no reward for miners which can not only cover mining cost but also give them good profit, noone will mine btc anymore. No mining means death for bitcoin. mienrs have plenty of profit with the current reward and value of each coins, they don't need any fee actually that is a premium for them now, but since they are greedy they alwaays want more just do the math for yourself, there are 1800 coins mined each day, this is $2M in revenue, the cost of electricity is around 1/4 $500k per day, plenty of room for profit Fees are required by the miners to be able to make more profit, because their profit from mining is not enough for them because they need for maintenance and also the monthly expenses like electricity and the internet which is also expensive so it is just fair for me to have fees for bitcoin when doing transactions. |
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Too many altcoins now, Dash,Zcash, Monero and Rep increases their prices too. But i think none of them can replace the stability of BTC in cryptocurency.
Those coins are just hyping the market and the people that will invest to their coin will get a huge loss in the future because they are not hat good coins that can compete with bitcoin. In my opinion, there is a lot of altcoins but just some of them have a potential to replace bitcoin in the near future but now, bitcoin is still the best. |
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This thread was start last year november but i could say that there is a good progress in bitcoin since last year and i think it would be more popular and havibg a great/stronger value for next 19 years!
We just continue using this digital currency and promote to those people who do not know about bitcoin it may helps in fast progress of bitcoin.
I agree with your statement, if this kind of activities will continue then the bitcoin progress to its successful peak will continue and soon we will see a lot of people using bitcoin and also the price is already spike up after 20 years from now. I know that it is a crazy prediction to say that bitcoin can reach up to 50k USD, but that is very possible for bitcoin just give bitcoin at least 20 years to prove that. |
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This is really interesting! I never thinkike this. Those who started mining and buying earlier, is so lucky. But the thing is I can never own 21 btc.  You can own 21 bitcoins, it is not too late to collect and accumulate a lot of bitcoins because bitcoin is just getting started in the market and it is still a young currency, sooner or later we will see a 2k price for bitcoin in USD rate, so if i were you, i will work hard and earn bitcoins as much as a can even not that 21 bitcoins but at least 1 bitcoin. |
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when bitcoin is $10,000 in 4 years, everyone will be wishing they bought more at 1300
10K USD is a huge price but bitcoin can reach that in 4 years because there is a lot of price prediction that bitcoin will be $10,000 in 2020 because that date is also halving day and that event will be huge because bitcoin is fully improved and people now who got a chance to get some cheap bitcoins will regret it after 4 years. |
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I don't think that I can get 1 sweep BTC in my wallet this 2017. I was hoping I can but I doubt I get can it this year because I'm having trouble saving my bitcoin or buying. I will be lucky if I can get it this year. But I'm not losing hope though, that is still my goal, to see one full btc in my wallet. I will work hard to meet my goal.
There is no impossible thing in that you can't get if you just work hard and do a lot of stuffs that can help you to boost your progress in reaching your goals faster than before. If i were and i'm just getting started, i will try to provide a capital so i can try things in early stage like investing and trading so i can slowly get 1 bitcoin in this year. |
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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 ?
well, that's not going to be happen at all. Because if that happen bitcoin is not the business online will get affect but of course all bank companies would also get affected by it, and all business industry who are connected into internet access. Whole of the world depends upon the network and Internet and it is hard to believe that all this is totally dead. The only day this could happen will be on the dooms day, the day of judgement. Indeed. Internet is one of the center of the different kinds of activities in our world like the different businesses and a lot of markets like stock market, forex, and even the bitcoin and altcoin market, if someday the network will be gone and it will be a chaotic situation because people will be on a panic state because it is a huge effect to the world even the internet will be down for at least a week. |
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Do you think that sometime in the future, Bitcoin might overcome Paypal, as it scales in capacity and userbase over the years? We already have the ability to create our own marketplace with OpenBazaar, that uses Bitcoin as its payment method, so it should be no surprise that the combination of these two may be a fierce competition for both eBay and Paypal. Nevertheless, feel free to vote on the poll above and express your opinion about it, if desired.  there a possiblity it will happen someday as of now paypal have still much user than bitcoin due to some popular online shop that dont accept bitcoin This thing is happening in a slow process you can see that the price is high now and the high price means that there is happening something good about bitcoin and if the price continues to rise then it is a go sign for people to be in the bitcoin world. We can see that after this year the stores in most of the countries will choose to accept bitcoin as their another mode of payment. |
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I run a website which works as a digital marketing platform for various bitcoin websites. I charge them in bitcoin for my service. So this is a better way of earning. You can earn well through selling some product or service in bitcoin.
That is a unique way to earn bitcoin and i think that is your passion and i can say that you are good in doing management for a site because you can run a site and also earn money with it. Can you add some information about your site, on how you generate profit so we can have ideas because i think that is interesting and i think it is good for you to find some partner so you cannot do the works alone. |
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Bitcoin for me is a key solution to my financial problems. That's why I get involved myself here because I know bitcoin helped a lot of people in terms of this kind circumstances.
That is 100% true because i already came from that problem where i have a huge money debt and i think that i can't bounce back but then i encounter bitcoin and in the first place i think this is not true but after i do a lot of research about bitcoin and the possible things that i can do to generate money then i do all of it and now i can proudly said that all of my financial problems and the debts are gone. |
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The sudden announcement of inspections of the main operators of Bitcoin by the Chinese Central Bank caused panic and a significant drop in the price of Bitcoin in just one day.
In recent days, Bitcoin has been losing most of its earnings for the end of 2016 and early 2017. These gains were mainly attributed to the activities of Chinese traders who made huge volumes in the market, increasing the global demand for Bitcoin. One characteristic that Bitcoin users have and have always held is the fact that the government can not control or determine what happens in the Bitcoin world.
You're a bit wrong about it. The Chinese scammers have just been warned to show the figures to officials. So they had no choice as to turn down their bots and faking data. The Chinese growth was as fake as the Goxbot. But finally we're over this. Once we get rid of the Chinese mining industry I hope I won't hear another china story for a few years. Chinese mining industry will not be remove in the industry of bitcoin because they are one of the pioneers of bitcoin mining and some of the are real miners and got a lot of bitcoins and the bitcoin industry in china is really growing. The only problem for the chinese is some of them are fake and just cheating the game that we are in. |
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Trading can be the best source. We all know thst big fishes in this community are investing here to trads and besides this is a much more clear type of earnings and a more legit one than those hyips or any investment scheme.
I agree with you that trading is the best source because the market is very unstable and most of the times we can join the hype or the wave of the whales in the market and get profit with them also. It is very easy now to make profit if we just know when to dive in the market and when to dive out. Either bitcoin or altcoin trading is good source of income as of now. |
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 What do you like best about bitcoin? Decentralization, transparency or easier to move? Or just it makes you look cool?  The best thing about bitcoin for me is that it can be use as a alternative money in buying stuffs. Many people earning bitcoin today and the number of people that are using it is increasing continuously. I like the way that bitcoin is earn by your harwork and you can change it in different money just like the real money. It is easier to earn and worrh to worked for it. That is one of the best thing about bitcoin, is buying stuff with it. Soon, the stores around our cities will accept bitcoin because it is already started in different foreign countries and that is the starting point for bitcoin to be more popular and it will become a very huge step for bitcoin because popularity means attention and if bitcoin gets enough popularity then it will be the center of attention and later on, it will be adopted by the countries. |
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What would you do when you're talking to someone but then he suddenly talks about his hatred on Bitcoin, what would you react to it?
I've never actually experienced anything like this before, I just want to be prepared when it happened to me.
Well, for what am I gonna do is I will ignore him/her only i'll just let her voice out his/her feelings about in bitcoin then once done sharing it to me, I will tell him simple explanation about it that he is wrong on thinking about in bitcoin. That is the right attitude for a bitcoin user or any person, let the other people tell their feelings and what they think about something like bitcoin and after that, then it is your turn to explain or defend the bitcoin and tell them the facts or informations that can prove that they are wrong and sometimes it is effective because most of the times it is the key for a person to be open minded. |
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Well, maybe bitcoin can be used all over the country, or on the internet. While real money, is only used in a country, because the fiat in each country must be different, such as altcoin. So many bitcoin comparisons with real money.
I agree with you, Bitcoin is an international currency, So everyone around the world can use it, whether on the internet or real world. but when we talk about physical currency, we can only use it in one or maybe few countries like dollar or euro .. etc. So, I think this is the main difference between bitcoin and real money. All of the difference is good ofcourse we have different opinions what will be uts main difference and i guess those difference is all correct. We only need to use this differences in a good way. Digital money in online and the other currency to be use in local or in other countries . I agree with you. Everything has its own differences and also the bitcoin and the fiat or real money because they are created for their own purposes and not that idea to compete to each other and see who will be the last currency standing. Bitcoin is just like a back up or a better addition to the financial system of our world and it will be a huge help for the fiat currencies and not a threat for them. |
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I don't like bitcoin bank. Its like they will store your bitcoins for an small interest? Its not worth it in nowadays because of the increasing price of bitcoins now. I just want to store my bitcoin in my wallet much more safer for me.
That is one of the disadvantage of bitcoin bank and also the main reason for creating the bitcoin bank is the centralization for the bitcoin because they can take control of bitcoin and they can also manipulate or dictate the market if they got a lot of supplies from the depositors of bitcoin, bitcoin bank is a hidden agenda and we should not approve that. |
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People must use bitcoin because it is the future money to all nations. If people would only know how good it is to have a bitcoin in their lives. Because the usage was very convenient and easy to use and the features also is very unique too.
I think will need a stronger reason than bitcoin is the technology of the future? Need an urgent reason. Maybe this will be easy when the government wants to introduce bitcoin to its citizens The government of the few countries are already introducing bitcoin to their citizens and it's keep growing like in Japan that the stores there already accepted bitcoin and that is a good country for the people who want to spend their bitcoin and also have fun. Because of the advantages of bitcoin, it will be an easy way for the government to notice bitcoin and accept and also introduce it to their citizen. |
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