it is not possible for fiat money to disappear. the world cannot funtion only using virtual currency. and most of the people do not trust on virtual currency. and it will also be difficult to exchange bitcoins for day to day purposes. it can be helpful in many ways but due to certain boundation virtual currency cannot be only currency used
If you're around 20, your generation will experience the replacement of paper money to digital currency, that is for sure. Right now it might be hard for people to trust virtual currency, but they accepted a lot of digital businesses in these coming years, bitcoin will be adopted too. Its alright for it to take time, we are talking major revolution here, doesn't happen in a week. And sorry but exchanging and trading bitcoins is so easy already, I think it will be so much easier in the future. Don't trip bout that. |
|
|
|
Unless you're not aware, it already started. On a slow phase, eventually they will scale it up and integrate with bitcoin then that "big reset" will happen.
Yes, they are still 'fighting' Bitcoin. When they start scrambling to adopt Bitcoin, we will know that the reset is about to happen. Citi has made a start with citicoin. Obviously they are fighting bitcoin because they know that bitcoin is more efficient and helpful way of method than banking and they are scared that it might kick them out of business so they are clearly questioning and fighting it.  Dude Banks around the world, particularly in the US, have been closing down accounts of bitcoin startups and even bitcoin-accepting businesses for over a year now. Even those that do work with bitcoin businesses are reluctant to be named in the media. More conspiratorial theories say bitcoin's destiny is to replace banks, and banks fear the competition  |
|
|
|
You can never really make easy money.Why don't you invest in some stocks and shares. The equity risk is high though ,nut the return is higher. WEll the opposite can be true as well, It depends on you.
Was there any of those so-called Bitcoin "investments" that was worthwhile? Lost over half my coins in them. Every bitcoin investment was worthwhile if you invested right amount at right amount. What needfreelunch is saying is to use the bitcoins to buy shares and stocks and invest in the stock market or some other investments which will provide good fast money if the person has knowledge about stock market. Anybody can make money at something, if they have knowledge about that 'something'. Otherwise just stfu and put it in fixed deposit lol. |
|
|
|
First of all, if you think that as your bitcoin boosts up in the coming years, you'd be able to get 1 egg at 0.0000000000001 satoshi? LOL no. Prices will have an equal affect as bitcoin will affect the economy. Yes, it'd be a major change and quite positive for us too, negative for a few. Who cares to pay 0.000312312 or whatever as long as it just gets debited off? Its digital, yo.
...and there is so many new millionaires in the market, won't there be a negative effect on the economy too? Won't it screw shit up that way? If your question is that can there be equal power if everybody is a millionaire, Nope. Wealth, and more importantly power, are comparative. You're only as rich as someone else isn't. If everyone had equal wealth and equal power,it would not work. Some people would want more. You can't be satisfied. We are driven to win and compete. so if tomorrow you have everything, people would be figuring out how to get more. |
|
|
|
Already since the Greek Crisis reached it's Zenith we see a rise in Bitcoin price and other digital currencies. Greeks also have their own digital currency Hellas Coin so as more and more people trust less in Fiat there will be more and more savers coming in hoarding BTC..I am sure of it, especially among the younger more tech savvy generation.
Bitcoin is not a currency for a government; it is a global currency for the people. People will generally prefer a currency that goes up in value over time (which is called a deflationary currency, like bitcoin) over one that loses value over time (like all country currencies, which are called inflationary). How much ever people would love bitcoin, right now it is a flawed currency, unfit for Greece. |
|
|
|
I feel sorry for Prime Minster Tsipras because in all sincerity he tried his best. I think though Varoufakis really messed thing sup for him in the negotiations and the biggest mistake has been made by the Greek people who want to stay in the euro zone and the euro..They should grow some balls and get out and create their own destiny..They created a whole western civilization, they can do it again..
They're just too scared to get out there, print their own currency and change things or at least, try! They think the country will collapse once it gets out of euro zone which is also true, because it will have to start from the bottom again. Nobody would come out and be their savior.. We can't blame the prime minister, ofcourse he could do all he can, because his ass is on the line with people chanting his name as their hope  |
|
|
|
I think that in 20 years, there will be nothing name "bitcoin" itself. I think the technology and concept will continue to grow and expand until we have something that can fix the current flaws that bitcoin has. This could go on to be further supported by governments, and thus be more widely accepted in a modern world. But just in case I'm wrong, I'm going to keep a few bitcoins on me just in case, as a Retirement Plan B  As an agent of chaos, I find some sense in your talk. There can and always will be something better out there and it all depends on peoples' mentality, if they have accepted bitcoin and not ready to leave, then nobody can break the currency relation. The government itself will try to clone bitcoin and force people to adapt it, it depends on how people take that movement. A suppression or an economic revolution. |
|
|
|
I have always known what I wanted in the crypto biz, and that has always been bitcoin. So whenever I invested in any altcoins and made profit, I immediately got them into btc It did help me in the long way, honestly. But I had really bad gambling issues and I lost 2-3 btc in gambling. Ofcourse, I have made up a lot of money in gambling too, more than 10btc so it all equals out. |
|
|
|
|
I have often been a victim of the banks' nuisance, when I had important work to do and somehow at some phase, had to rely on their assistance for the completion of my transactions or confirm payments, I visit them and they make me stand in line for so long or sometimes even tell me to come back after an hour as they are on their 'lunch break'. FUCKING KIDS, need a recess so bad. Can't hire different people to work while the others have their break, fucking stupid.
|
|
|
|
Transporters who give Uber services are unaware of the Bitcoin, in many Asian countries Uber transporters are individual who is offering drive for the Uber passengers, although Uber acknowledge the Bitcoin, the drivers must know about the Bitcoin and how to use it.
That doesn't matter. I am sure there are a few passengers at least in the Western world, who would love to pay using Bitcoin. Uber could have made a start and then seen how to proceed, depending on the response. All the revenue Uber receives is receiving be a little commission for hooking up drivers and the customers at once click, and they are not making too big money honestly, out of it. In most of the countries, they've kept their commission rate so low so that their service gets attention and popularity. If they start accepting a currency which fluctuates to such extremes, I think they would be in an unfavorable position to do business |
|
|
|
|
How is brazil included in BRICS? What contributions will such a country do? There's so much of poverty there, like really so much. The poor rural communities live in disadvantaged conditions: education and health facilities are not readily available, water supply and sewage systems are generally inadequate, and rural people face severe constraints in accessing technology and infrastructure. How can such a country invest millions of dollars in 'creative projects?'
|
|
|
|
|
The reason for this spike is because of the attention it has received with the Greece default situation, making people believe tha tbitcoin could actually be a logical escape from the solution but sadly, that is not true. Also, the Chinese stock market crash and the investors peeking interest in bitcoin has everybody really excited for bitcoin. It will spike upto 300-350$ according to my opinion, but will soon come down too.
|
|
|
|
I just heard that in Liberland, a place where only Bitcoins will be used, and there were many buyers who got in.
Liberland is a micro nation consisting of only 7 people who are possibly bitcoin fanatics. It is not much big a place, the area of the place is seven swuare meters. Yes, its glad to know there is a country out there which functions on bitcoins, but what be awesome is when a much bigger, first world nation adopts bitcoin, the investment returns will be so good, oh so good |
|
|
|
Greece has defaulted now. It's been thrown out of the Eurozone. What else is left to discuss? The aftermath that follows . I'm sure , had the country been US or UK , the hype would've been much much lesser. The rich people would've shut down the scams in the name of capitalism and be done with it. I see Greece as a noble country.
It hasn't happened yet. When it happens i'll believe (Greece being kicked out of the Eurozone). The negotiations are still happening, today we'll get more nights at new, it seems Tsipras is giving up some space for things to happen, but no matter what happens, the Greeks are fucked. If they default and go out of the euro with their own currency or if they stay within the euro, a long bad period awaits them. The city is so beautiful, it is said to watch it screw itself. If Greece does stick with Euro, yes they will be a leech for Eurozone again, but it will be on their leash too. And if the Greece falls out of Eurozone, other big countries might exist the Euro zone too as there are huge defaults of Italy and many big countries using Euro. Won't the fall of Greece also destroy Euro currency too then? Euro and Eurozone are a 65 years project (and a more years dream) and it is difficult that this kind of project end so easy. We saw a major first world country default for the first time, we saw the great powerful chinese market drop trillions worth of shares, all this in just one month. There was a lot of shit people did not expect to happen, things which people thought will never go down so easy, but it did. Everything does, everything can burn down so please, the end of Euro is possible. Very much possible. |
|
|
|
I am not so sure about some people's claims (I just read the first page of replies, so I am not sure if someone already said this), but you cannot use bitcoin so freely in non-mainstream countries. Here in Colombia would be difficult to find places accepting BTC as payment, so you most likely will have to exchange your BTC to COP...
Off course with the increasing acceptance, that is not going to be a problem in the future, but as of now, it is.
What I like about BTC is the low transaction fee, I have a bank account and I hate having to withdraw money, transactions are so damn expensive... using the (debit) card is not a solution either, it is even worse. That is a problem specially if you do not move a lot of money... suppose I need 10k COP (~4 USD), I will be charged an aditional 5.5K COP (~2 USD) for the transaction! (and if you withdraw in bulk, well, that is risky).
That is not just an issue in colombia but many, many countries as using bitcoin as a payment gateway is not in complete motion yet, very few places have been accepting bitcoin as a payment. There is a lot of struggle right now only because of low adoption, very soon much much more people are going to adopt bitcoin and people will be forced to accept btc rather than just prefer it. |
|
|
|
they are addicted to profit i guess like everyone else, but since they are more than 1B, you will notice it more
also they don't care about the tech behind bitcoin, but more about the profit, it was said from one chinese here on bitcointalk, i've never forgotten about it..
YES! There are more than 1 billion people in china and people will obviously notice and point fingers at them because their activity seems to be the highest regarding such activities. The chinese would happily make money out of anything, literally anything. I however assumed that china would find interest in the bitcoin technology but knowing that they have google and facebook banned, I don't know what they really do with their lives.. |
|
|
|
Real estate is on an all time low period. So it doesn't really matter where you put your money to. Since , Berlin is the new hotspot of investors ,go for it. Also you should compare the construction rates , and mobility from your property. Real estate will take up some time to grow , but gradually it will climb up. Amsterdam also has a few rules , which were liberalized recently.
I agree, I think real estate prices are low, probably cant go too much lower. Also interest rates are at historic lows. A house is a long term investment, for me it was a no brainer. Good luck with your house hunt. Thanks MF. Amsterdam is one of the nicest cities I've been to, and would love to go back there, even to live for a year or two.
I'd do a quick financial scenario analysis between renting and buying and keep an eye on what's available for sale on the market.
I think I'm in a little bit of a middle class bubble here compared to the rest of the Netherlands, despite the crime being highest here compared to the rest of the country I haven't had much trouble, but I am lucky enough to live in the centre right now. Is crime an issue there? I was only there for a week a couple years back, but every interaction I had with anyone was pleasant. So are you currently renting the place that you're in? Another option would be to entertain the thought of buying a place with income producing potential. I'm currently searching for this type of property in Toronto. Crime isn't really an issue, no. Crime is highest in Amsterdam in all the netherlands. If you are wise you will not put yourself in harms way. Junkies and criminals are not a major worry, I do not go out late or wander the city in the early hours so I almost never encounter them. There are plenty of gross men out and about of all nationalities, which accost any women. It's pathetic behaviour and gives extremist feminists more ammunition, from the way I've seen some disgusting assholes act I almost don't blame them. Amsterdam is really good because of an interesting city center, extensive cultural and culinary offerings, and the steady supply of work opportunities really makes it a very desirable and a very popular country to live in. And also regarding crime rate there, Amsterdam ranked fourth in a list of highest per capita number of murders and other unnatural deaths |
|
|
|
100% bitcoin that's all, this thing is gonna skyrocke tin few weeks months, rest assured about that actually i didn't invest a penny, i acquired my btc with fast mining  How did you do 'fast mining' lol. Yes, a huge spike in bitcoin is coming so all the people here who have put their money in different places, I think its a good time to put it at once place and just hold. It won't be such a bad idea, it would be the easiest and effortless movement you would have to do. Really advise to just keep calm and hold down, good days are coming Shhhh, dont tell anyone, I still need some time to buy more coins! To op, I think gambling is good for an entertainment, but as an investment it is a bad idea. For cloud mining I like hashnest. They build that hardware so it makes sense to sell it to you. everybody is now praying that they bought bitcoins when it was much more less in price and scared that if it spikes like crazy, they would regret it so much lol. The best time to buy bitcoin is when it hits 22o again and I think that day is not that far, this is a temporary spike and it will be back to what it should be after a few years so hold and stick around, because thr price is going to the moon very soon  |
|
|
|
I think if things in China goes the way in Greece is , we could expect the Bitcoin hit above 300 within half way of next month and in terms of countries being affected , I can say a lot as China is a very big market for investors all around the world
China is a huge market and loss of trillions of dollars have made investors a little cautious, while others are searching for a recovery breakthrough. Bitcoin somehow, always manages to get pumped as a savior but things just don't happen for it. I think bitcoin as well as markets need to develop more, for the mass adoption to occur and affect the lives of people as well as economy significantly. Yes, even I would agree with that comment you have made. There needs to be growth on both the sides, the bitcoin as a currency as well as the maturity of the Chinese government to be able to deal with it. If these two parties merge, it will be a lot positive, profit and gain for both the countries. No matter what people say, I think might happen really soon. Gut feeling I don't know why you would say bitcoin needs to develop more as it is very complete if it is looked as a currency, it is safe, secure and the only flaw as a currency it lacks is that it not stable. If it is not stable, it can obviously not be used on a daily basis for completing transactions and buying groceries, etc. That perfectly makes sense, but except that, I haven't seen a currency as complete as bitcoin! |
|
|
|
Well it does feel suspicious and scary if a man on the street offers you steal, it does feel that something is really fishy with that shiny metal. But then why would these people take candies from an adult? Didn't their parents teach them not to do that when they were a kid? I don't know why but at the state of the moment, I'd have chosen the candy bar too, and realized I'm stupid enough when I finish eating |
|
|
|
|
Show Posts
