A broad definition of money would be something that has value that can be used in exchange for something else. Bitcoin easily fits into this category, and has ever since the first transaction for a pizza for 10,000 BTC over half a decade ago now. Bitcoin is definitely money.
There is no doubt that Bitcoin is money. It is an online version of money, a digital one. If it can buy a pizza then it is money. There is no more trade barter right?  Strictly speaking, in technical terms, it is called cryptocurrency. But the root word is still currency. And a currency's role is as an instrument to purchase something or pay some services. |
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I think it would be great if you could pay your Taxi-drive with Bitcoin! U agree with me?
I'd love that idea of yours, too. The problem though is if the confirmation time will take more time than the ride itself, I don't mind if the taxi business will stick to fiat transactions. I ride taxi almost only when I am in a hurry. That means I have no time to spend waiting for the confirmation. |
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I do not buy anymore. I think my investment is enough already. But it does not mean that I am not adding to them anymore. I do not buy but the earnings that I have through campaigns as well as from trading are not withdrawn. They are still there adding to my initial investment.
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China is very skeptical about bitcoin and I wonder how China let Vietnam to legalize bitcoin. This is interesting. I don't think this will bring a momentum to bitcoin price, because Vietnam is not an influential country such as Japan or Chinese. But this is positve for bitcoin adoption anyways.
Vietnam cannot be compared to China and Russia in terms of influence and power, much less economy. But in terms of their socialist leanings, Vietnam, Russia, and Vietnam are basically similar. I hope this move will be a model for other countries that are still in dilemma as to whether to open their doors to bitcoin or not. Opening up for Bitcoin is like opening to the world of possibilities. |
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There is relatively low risk of Bitcoin investment. Compared to others, bitcoin will yield bigger profit at the same time promises a low risk because the track record says so. You try to look at how the prices of bictoin moved from the past 5 years and you will know the degree of risk involved.
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When ETH starts to dump, grab the opportunity to join the crowd and dump you own. Shift to BTC and wait. There is a good deal of waiting for BTC to double but it will surely happen. That's the good thing to know. By December this year, BTC's price will reach more than $7000.
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When people talk about Bitcoin price, they usually refer to its price expressed in dollars. I really don't understand why...
US Dollar is going down in price, US economy is collapsing. There are many other countries which has more Bitcoin users, like Russia, China, Japan, Philippines and the whole Eurozone. Even ICOs are forbidden in the USA. It's not a so Bitcoin-friendly country, its national currency is not so strong. So why price Bitcoin in $?
There could be many other more appropriate currencies like EUR, CNY or RUB...
That is just to compare the real or monetary value of Bitcoin. USD has become like a default world currency so the basis of most of international stuff that has value has to be in USD. For example in Bittrex, the basis of monetary assessment will be in USD. But you can always have it compared to Euro. |
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What are the chances of living in a world with no actual money ?  Not in this lifetime I guess. There is no reason why all the people across the entire world will use only cryptocurrency. I think that will not happen. I don't know what the world is 500 years from now, perhaps everything will be digital so perhaps some kind of digital currency will be the one in use. The question is whether BTC is still alive by then. |
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****5***** https://www.reddit.com/r/Bitcoin/comments/6iubil/warren_buffet_said_bitcoin_is_rat_poison/This post in reddit is very controversial as different groups are arguing as to who is the person responsible for calling bitcoin as a rat poison. The debate is still going on as one side says that Charlie Munger and the other parties said that it was Warren Buffet. I dont know what or whom to believe. So anyone among you who knows the real story and is willing to share who is the real culprit. What's the big deal about that? That is an opinion. Opinions vary. There are sound opinions, there are also shallow ones. Their are opinions coming from narrow-minded ones, there are are also coming from well-informed and brilliant people. It's up to you to decide which one is that. |
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I was talking to a friend the other day and he told me that two of his friends has left their full-time employment to concentrate on their Bitcoin ventures. < One in Crypto currency trading and the other into imports & exports, linked to ecommerce >
In light of the fact that Bitcoin is still experimental and very volatile, would you say that this was a good or a bad decision and would you do the same?
How many people have done this already?
I think this is not really a wise decision they have come up with. I mean, Bitcoin is really great both as a source of income and as a technology, but we cannot tell until when this thing is functioning, or at least functioning well. So I guess a job, especially a lucrative one, should not just be dumped because of bitcoin. |
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You must also include that Bitcoin is a decentralized form of digital currency. That is one of the main features of Bitcoin. That means the way of Bitcoin transaction is peer-to-peer. Aside from that, the anonymity of its users is also protected.
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There were regrets as expected. Who would have thought that bitcoin would become as huge as it is right now? But I hope lessons are already learned and won't allow the same regrets happening twice. So even if it already crosses the $4000 mark, still buying is good.
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Would you support accepting Bitcoins as payments in hospitals, shopping malls and other basic needs in the near future?
Should Bitcoin be recognized so much, I would be happy to support such move though not sure about the security issues it may face if it is utilized for paying for services in the general public. If done so, would the government impose new laws regulating the use of Bitcoin?
If bitcoin will one day be widely accepted as you state, I am more than sure that the government will come in. The government cannot just sit at the sidelines watching whatever happens. It is the government; it is expected as a form of duty that it will intervene in dealings that have to do with the general public. |
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This is indeed a realistic way of looking at various possibilities in the future. I guess if you are not well prepared and you suddenly died and no one in your family is aware of your BTC, then I guess there must be some truth on the other side of the old adage that we cannot bring our money to our grave. Because that is what will happen, your BTC will be going with you in your grave.  |
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Hi all,
I read somewhere that there will be another bitcoin fork in nov, is this true??
Where can I read more info on this? I googled but didn't find any news regarding this?
If it happens then it seems there will be another dip and I would buy then!!
Thankss
I also heard there is still a scheduled SegWit2x this coming late of the year. Most probably it will be happening on November. That is what I have read somewhere on this forum also. But this may actually be just another FUD. I hope this will affect the price though. So that I could buy more BTC. |
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People are holding Bitcoin because they know all too well that price dump is very temporary. Actually the overall movement of BTC is still upwards. So there is no need to dump one's BTC simply because there is a little turbulence happening. And they proved to be right, isn't it? After a little dip, a huge step upward is expected almost right after.
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I think the fees have already been significantly lowered since then. Transaction fees is not anymore a hot concern as far as Bitcoin transactions are concerned. Besides, I don't have it as a big deal that there is a transaction fee for as long as I am making a profit for my investment, a relatively big one at that considering the duration of it.
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Wow! That is a huge amount of investment you have there, mate. Is that for real?
If I have that kind of huge investment I would invest the $400,000 to bitcoin. The rest for promising alts such as Waves, Strat, Ripple, and some more. BTC is less risky that is why I think a larger portion should to BTC.
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Wow I remember when the bitcoin market cap was $10 Billion and that was a big deal. I'd like to see the price come down just so I can pick up some more bitcoin, then have it take off again I am wishing the same. I have been waiting for it to happen. But it looks like Bitcoin has already gained the momentum it really needs for it to run unstoppable. I am starting to switch to alts that are a lot cheaper than BTC. But I am pooling over some savings at the same time to invest to the really trusted one, which is BTC. |
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Can Bitcoin pass 4000 usd this August or will it correct at 4000?
My speculation is that Bitcoin will easily enter the $4000 threshold this month. Bitcoin is really doing some bullish performance right now. I admire how it easily recovers from the recent price dump. This year will close with a very high increase in Bitcoin price. |
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