Do u think world leaders are willing to kill btc to make sure they can fight terrirists?
If this is going to happen then the United Nations should take an action and kill our very own local currencies because mostly that is the medium that are being used by those terrorist for buying their arms. But I don't think this is going to happen once world leaders sees a big potential that they can earn big money with bitcoin why they should kill it? Yes that is right. The government and the big countries will not kill their fiat currencies because that is how they generate money and to be honest, some of the part of the government contributed to the illegal stuffs because they also generate big amount of money in there, so there is no chance that the government will kill the fiat or even bitcoin because of the possibility to earn huge amount of money. |
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I think the bitcoin addresses are created randomly and they are unlimited so i think there is nothing to worry about the bitcoin address because it is so easy for the bitcoin network to generate new bitcoin address everyday. I think the thing that we should worry about is the supply of bitcoin because when the massive adoption came then there will be a shortage on the supply of bitcoin.
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its very risky and that makes it so fun  Bitcoin investment is not that risky if you just know when to buy and when to sell. Every investment has risk but there is a possibility for every investor to minimize or get a less risk when investing by doing study about the news and also analyzing the market very well and because of those two there will be just a small chance of getting loss and also you will get a lesser risk than before. |
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I have a question for you. How to make governments accept bitcoin and not see it as a threat? So that one could use bitcoin in daily use, such as paying taxes or grocery shopping. What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?
Let me correct your statement. Bitcoin is not a threat to governments out there but its a threat to the banking system. The Banks are the one who are really running them. You are basically taking away a magic wand from bank owners and making them peasants. The Real problem with bitcoin is that people can evade taxes and thats a big no no for the governments. They won't be able to provide the basic services. This can be solved by asking the public to donate to fulfill these services. There are countless possibilities with bitcoin but governments won't be supporting it any time soon. Unless the banks disappear in thin air. well that's my opinion. That is why government doesn't accept bitcoin because of being threat to the banking and also financial system because people will choose bitcoin over fiat in doing transactions rather than in banks because of a much cheaper fees and just a fast confirmation or delivery of the bitcoins that have been sent. Government will accept bitcoin unless they were able to take control of it. |
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probably my bitcoins and altcoins would die with me unless they figure out the private keys i have written down or try to out smart themselves to figure out where my bookmarks leads them to...all else its a lost tresure  I think before you die, you should share your private keys to the person that you are close with or to the people that you trust like your family or to your friends. It is just a waste for you if you don't share your private keys before you die because all your hard earned bitcoins or altcoins or money were just be wasted in just a single event. |
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I think bitcoin price will reach $2000, bitcoin pricee is more than $1300 now so I really optimistic about it. I hope there are more investor come so the price cam increase higher.
We still don't know what might happen, but all we can say is that the price of bitcoin is really unpredictable. But I don't think it will reach $2000 this year, maybe $1500 to $1600 but will not reach $2000. It is too early for bitcoin to reach that high price. Like you said, The Price of Bitcoin isn't predictable but judging from the current price and the ever growing community, Bitcoin reach $2000 or more before the end of the year. Since Bitcoin's price is dependent on speculation, development, or news such as Segwit activation or SEC reconsidering bitcoin ETF approval, We could see the price movement at $2000 per bitcoin. Just so you know, Bitcoin has gone over 200% in it's price between 2016 until now. Same could happen this year as well. The price of bitcoin is already doubled since last year like what you said and we can see a lot more for bitcoin because a lot of things already happened like the adoptions and a lot of people now are getting more interested about bitcoin because they see that even there is a problem about bitcoin, bitcoin can still standout and dominate the market and that is why bitcoin will be more expensive this year. |
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There is no other cryptocurrency in the world that is going to become more famous than Bitcoin right now...BTC is better suited to be an safe haven asset, capital investment and long term option for hoarders. It seems you are not paying attention to altcoin assets that keeps growing and can come in anytime when bitcoin fades, for example the smart contract concept offered by ethereum that has got the trust of its users, I don't say bitcoin will lose, but all success in this world comes from Endless innovation, if innovation die it will be drowned by competitors. Yes do not focus in bitcoin only, expand you capability to invest in other cryptocurrency also. Bitcoin is for long term but it doesn't mean that it will be here forever because it will gets old and slow so it is better to have a back up currencies for long term that you will choose to hold in terms of long term, there is a lot of currencies worth it to invest in the market just look and do your own study before you buy. |
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Its the safest place to store your money. And it's value is increasing, if you buy today you can get your profit by the end of the month. And no one can trace your money as its untraceable. Easiest and different transaction methods. You can pay from any where in bitcoin, you don't need to carry cash.
Just a correction to your statement, bitcoin is not the safest place to place your money because of being volatile plus it is on the internet and we already knew that the things on the internet has no assurance that they are 100% safe because there is a lot of hackers that can bypass your account. Bitcoin is not the safest but a good place to put your money and grow it but don't forget about your security to your bitcoins because it is not safe to put your money in the internet. |
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If you see this topic then I would answer between real money and clear bitcoin is different, but the same can be used for needs.
Indeed a bitcoin can generate real money, that sets it apart is just how it generated.
Real money and bitcoin is clearly different because bitcoin is a currency and can be investment at the same time while the real money is just a currency and you can't use it for investment or even hold it for long and wait for the value of your real money to get doubled, that is not how the real money works so i don't think they are same in terms of needs. |
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It is unfair when transfrer small amont btc. but with big amont,the transfer fee is attrcative! so can the fee can change with the transfer amont?
The fees right now are actually high so it is better if you don't do small transactions because it has a possibility that you might receiving smaller amounts rather than to your paid fee. So if you want to be wise then do all you sending activities of bitcoin in one time so you don't need to pay high or expensive fees. |
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I think this question is nonsense because if illegal things are available in the regular market or even in the surface web then it will be not successful and they will not make any profit from their products because the authorities or the police will chase and arrest the owner or the seller. Those illegal stuffs are available in the dark net because that is only where it is hard to trace by the authorities and almost all the people there are also doing illegal stuff so it is a match and easy to make profit.
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No one can make a precise forecast of bitcoin. It is necessary to trust intuition and invest that part of the money that is not terrible to lose, the risk is in any investment.
I agree with you, there is always risk in anything even in investment. Before investing into something make sure that you already know the risk and the possibilities that can happen and also the worst case scenarios so you are already prepared for the things that will come in the future and also do not invest what you can't afford to lose. |
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Three years ago or two years ago, if you asked me what Bitcoin is, I’d tell you it is the future of money. It is managed by the network, not by the government. Plus, it is private, anonymous and fast. It’s just perfect! And Bitcoin is proved very successful. But it has inherent risks like anonymity, hacking，51%attack, double spending. Stop imagining bitcoin is perfect. No coins are perfect. I’d say bitcoin means more about possibilities, possibilities of expression of value. Before, I’ve been taken it for granted that the government should control currencies. But now I’d like to take a moment to think of the question: “What is the nature and origin of money?” by hacked, i only mean btc exchanges and by 51% Attack, i mean hash power is seen as by many the king in the btc world; and by security, Large Bitcoin Collider is working to smash open btc wallets. http://news.8btc.com/bitcoin-is-not-ideal-it-is-an-expression-of-valueIn order to break BTC, they'd need to break SHA256. This might eventually happen, but hopefully we'll make advancements to prevent digital currency from falling apart by then with better algos. Bitcoin is unstoppable and the bitcoin core team will not allow other bad people to break that because they will do their best to maintain bitcoin at a good health and bitcoin will become more popular and be more expensive so and bitcoin also getting more and more investor and supporters so i don't think it will be easy for other people to break bitcoin. |
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Description:
Bitcoin supply is limited to 21 million units.
If each person owns 21 Bitcoin, there would be just 1 million persons that own all Bitcoin (pardon any deviation in ownership).
Thus if you own at least 21 Bitcoin, then you are part of the 1 million population of Bitcoin owners.
Are you part of the Club?
Mark of the BTC
Millionaires club only on the number of people who do possess 21 bitcoins but there are people who do own even more that's why it wont really be partitioned enough to make 1 million user who do have 21 bitcoins each and if we are talking about the current price 21 btc isn't worth on millions that's there no connection or use on becoming included on the millionaires club. You can join the millionaires club or the group of people that are millionaires of bitcoi, how? Just keep saving and accumulating bitcoins and don't waste or even spend it because i believe that soon after a few years, bitcoin price can reach up to 10,000 USD price per each so that is a good way to be rich if you just save and collect bitcoin as much as you can, now. |
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Sure btc get increased usage on terrorist activities and illegal purposes because of the anonymous nature.
That is one of the reason why the government doesn't want bitcoin is because bitcoin is anonymous and it can be abused by the corrupt people to do or pursue such illegal things like using it in the underground market and it can be use to support the terrorist also because the people or the team behind bitcoin will not notice this support because bitcoin is not traceable and they can easily abuse this because bitcoin is anonymous. |
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I think the most disadvantages that i see in bitcoin is the feature that bitcoin posses because bitcoin is anonymous many illegal transaction can happen and for that reason government cannot allow that in many country and also bitcoin is a threat in the economy for that reason that's a big disadvantage of bitcoin if the government cannot accept bitcoin no bitcoin user's in that country.
Anonymity of bitcoin is getting rid by the officials in a slow process. I know that being anonymous is one of the things we like that we can found in bitcoin but the government doesn't want that like what you said, so in able to be accepted by the countries, bitcoin need to sacrifice it and be transparent because i also believe that it is a good one because we can avoid criminals. |
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BTC is a combination of these two phenomena. This is a coin and payment system. But now I use more bitcoin for investment. I buy bitcoins and just hold them, then to sell more expensive
Yes bitcoin is a combination because you can use it to buy things and pay bills online or you can hold it just like gold that just after a year you can get at least doubled profit from your investment which is good for people who are tired of risky investments that are available in the market unlike in bitcoin that they can have a peace of mind and up to 90% assurance that they will get profit if they just have patience and keep their coins for long term. |
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Try putting it in your death will, and disclose the location of the safe in it with instructions. I'm sure she can figure it out if you're clear enough. Don't use a complicated wallet system, just a code to scan on some site to import your key.
I agree with you, do not use any complicated wallet and make sure that wallet can import private key so if the time comes and you died then they can get your money really easy because they just need to scan the barcode then they can get your bitcoins or altcoins and convert it into cash and use it for their own. |
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Haha, it is true that BTC is the best name for any cryptocurrency so far. The strange names like Ether and Ripple sound very high-tech and not related to money at all.
I think it doesn't depend to the name of the currency but the features and the things that you can get benefit when you use it. Bitcoin is very first cryptocurrency that really created and launched in the market and some of its features made itself a very popular cryptocurrency. Bitcoin is the first and also built a huge reputation and a very strong market so that is why it is the #1 cryptocurrency in the market right now. |
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The best source of bitcoins now a days is trading. Trading offers a slowly but surely earnings depending on the person who is handling the trading system.One thing/source must be listed also is signature campaigns here,most relevant and easy way to earn bitcoins here
I agree most of the people i know that in the bitcoin industry also do trading and i can see to their profits that trading is one of the best source of bitcoin now a days because it is a lot easier to earn money there if you know what you are doing and it is a lot way better than gambling and hyip that only scam people or stole money. Even i, i also do trading and earning at least 0.1 per week. |
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