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I think that in near future, banks will understand how much potential bitcoin have, if they did not already. So after than it will not take long time when banks will start dealing with bitcoin directly. Electronic currency is future, there are so many advantage than with fiat. But as banks always do, they will deal with everything their own way and for their gain only.
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On August 1st, they will implement the Segwit and there are some uncertainties involved. If I were wanting to invest, should I do it before or after the date?
My concern is that the price would still be higher than the price on August 2nd if the implementation did not go as smooth as planned and caused the price to drop.
Also, what is the official words on the implementation?
Well if you have some money to invest, and you do not mind losing it, i would suggest for you to invest. Yes that could be a good idea, or it could be bad. But if i had money, i would definitely invest it. Because what ever happen, i do not think price will go down, and even if that happen, it will go up in no time. The higher the risk is, higher the gain is too. |
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I'm just curious. What if bitcoin and any other alts market fall and you invested all your money into this. Would you rather do Panic Selling? and How would you compensate all your losses?
Well if market of all coins crash, well than we would all lose some amount of money. Either that you were investor who invested his cash, or if you were in some signature campaign and you invested time, we would all lose. If there was a market crash i am not sure if we could panic sell, because market would crash and there would be no one who would buy in that moment... and if i would find someone who would buy, yes i would sell. And i am not sure if there would be a way to compensate losses. But who knows, this is just my thoughts. |
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For me, investments are better, because you do not have to bother with constant analysis, but you need to carefully choose where to invest.
Everything starts with investing. Either you invest money or you invest time, for you to earn some bitcoins so that you could start trading them and with that earn more. For people who have more money, investing money is better choice, like you said it require less things to do. But it could be also dangerous if you make a mistake and invest in wrong time or wrong thing. Trading is harder way to earn, but for people who do not have much money up front, trading is only option and maybe in some cases safer. |
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Planning retirement only depending on bitcoin is meaningless, I think. You can't trust any of the assets existed in the world like that.
Relying on Bitcoin to pay for someone’s retirement is funny. Even if the price of Bitcoin gets up to a million dollars there is much more money that they could make as they are making money with Bitcoin. Living a life only depending on Bitcoin is a sad method to living. Exactly! It is pointless, because bitcoin could live 1 year of 10000 years more. Bitcoin is too unpredictable, and to rely on it is insane. Best option for people who want to experiment, and have founds to do so, is to keep some amount of bitcoins. Just in case if price of bitcoin skyrocket. But it would be insane to rely and depend on it for retirement... |
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It is hardly possible(but don't forget that everything is possible) and i know btc isn't stable. Its value goes up and down every moment but i honestly can't see him dropping under 2000$.
The price will always fluctuate, like it has been for long time. But i agree with you when you say that it is less likely that bitcoin will fall below 2000 dollars. I mean it has grown so fast in last few months, and there are news that it will grow even more, which is great. It is great for all of us who deal with bitcoin. But everything is possible as you said  . |
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We have God in our mind because He is real. The existence of God is the only absolute truth that people still believe and will always believe upto the end of time. It's not only because we need someone in times of trouble but the fact that God is real is enough reason to keep on believing in Him.
yes there is no doubt about this. Hallah is really and He is present everywhere. every religion and every person accept the fact about it. that is also a fact that everyone in time of dangerous call Him You can not say that God is real or not. No one saw him or her, so there are no hard evidence that God exist. And do not make a mistake when you speak about God and how real he or she is, because religion is built on belief. Belief is not something that is material, and it can not be seen. Therefor it is pointless to say that God is real or not. Either you "Believe" he exist or you do not "Believe". So this is a personal matter and individually a person has the right to his opinion and his faith in what he wants. Yes, it is simple as that i guess. You do not agree with my opinion? I am open to a suggestions, i do not say i am always right  . But that sounds most rational to me. I mean even religions teach us that God gave us free will, which means we can chose to do, whatever we want to do. And this opinion is less painful than other. |
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Definitely,the price of bitcoin matters.More people would come to invest in it when its price rises.Similarly,when its price falls down,more people would quit.Most of the people invest in bitcoins only to earn profits.Only some people would be bitcoin enthusiasts who would continue to celebrate bitcoin even if its price is low.
The price of Bitcoin does not really matter to me. I like the progression of the technological inputs for Bitcoin rather than looking at the price of Bitcoin so much since an electronic currency is going to be known in the world eventually. The question is, how many people would use Bitcoin if it went back to having no value? You are right about that, it seems like many are just interested about bitcoin because they know that they can have money through it. It seems like the money is what does matter at all. They know that bitcoin can be something good in the future but they are more interested with what they are going to earn and how much they are going to earn. Yes and no. Money and price is important and for investors in prime thing how much will they gain if they invest some amount, will price fall or go up. For miners they look to have more coin and less fees which is normal. But for traders they look BTC/alt ratio and how much BTC will they accumulate in trading. So bottom line in most price matter, especially now with upcoming segwit activation. All of us are hoping the upcoming segwit activation will bring a good price to bitcoin so investors like us can be satisfied with our profit. Bitcoin can have a good or bad price, it is primarily depend on the market situation and right now it's good because of the uptrend of value. Yes i agree with you mate. For now price was going up and as you said that is good. For investors and people like me who are in some signature campaign. I think that most of people here are happy when price goes up and sad when goes down, i guess that less then 10 percent do not care about price of bitcoin. But with Japan and soon Australia price will go up again. Price will always matter if you ask me. |
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Maybe thats the cause of this current number of bitcoins users specially bitcoins miners is increasing right now,i have read on some groups that almost all of them go invest in mining because they here that bitcoins price are rocketing now
I don't think that they are into bitcoin mining because if you are a small time bitcoin miner wannabe then bitcoin mining is not profitable and you can just try ethereum mining which is profitable as of now and you can get the ROI of your investment after at least 6 months which is not bad for an investment and after 6 months you are just receiving full profit. I guess you are both right. There are increase in miners numbers, but i think that most of them will just quit because of low mining rate, or to high difficulty. Also rising of bitcoin price is connected to an number of users, which jumped when Japan started to use bitcoin, also i have heard that Australia will start using bitcoin too. Which mean another price jump. |
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Because cash is better than bitcoin because cash can be anytime we use offline and transfer invidu, and cash cas fixed on our fiat value and not too worried when compared with bitcoin
Yes, still money is better than bitcoin because we can buy any thing any where and any time with money . but this is also a fact that bit coin is making progress rapidly and bitcoin increase its value very very high in a few year s and it will take no long time when every thing will be reachable with bitcoin . I don't think so, bitcoin is way more better than this fiat thingy, we could see their differences of their potential on their prices, Fiat do have a fixed price, well not that fixed but their prices difference do have a big gap. Bitcoin's price is volatile that is why its price is always fluctuating, it started to a lower price then its price right now is skyrocketing and I know that it will increase more and more everyday. You just say that because you are earning money from bitcoin, and that is all that matters to you. There are other things about fiat currency that needs to be considered, and bitcoin is non centralized cryptocurrency which belongs to no one. What would happen if you start losing money on bitcoin, i guess in that moment bitcoin would not be so great for you than. For most people here bitcoin is good, just because they earn easy money from it. But it have a long way before it can overthrow fiat currency, any fiat what so ever. |
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Bitcoin grants the dream of everyone who uses it. Regret when 2013 did not buy some. Maybe today has become a rich man. Still not too late i still dream of being rich.  I agree with you. I thinhk it is not too LATE for anyone want to tart-up enrichment with bitcoin. I know one people deciding to give up his familiar job to make money with bitcoin. It is a difficult decision because he has a sick wife and two children and he is over forty five years old but I believe in his choice Bitcoin will open a bright future for everyone in general and he in particular A great story may inspire all Bitcoin users. Good luck i have a dream of getting rich with bitcoins like other people, i know the way to reach the dream is hard but i am sure i can reach that. we are not too late to buy bitcoin and have a dream to getting rich. i am sure, each of us have different story with the journey to go rich and they will survive with their work. That dream will come into reality in the near future if we keep doing things that will make it happen. It's not an easy journey since success is not achieve overnight, just believe in yourself and everything will follow. If other made people became rich, the chance is possible to us also. There is nothing can beat than our faith in our self and also the consistency on what we are trying to do like working hard to achieve things that we want and also never stop learning or educating yourself because that is the secret of the millionaires, billionaires and other rich people because if they will have consistency in learning then there will be a lot of ideas to be created and sooner or later they will have big advantages to their competitors or other people. There is something that can beat most of people who try to do something hard or new to them. Mistake. Or better to say bad choice or wrong one. Call it what ever you want, but that can destroy your entire life work. But i agree with you that even that could be solved with more work and invested time. Just try not to repeat the same mistake again xD . Everything is possible! We could all become rich from bitcoin, just do not make stupid mistakes. |
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I would like to know if anyone of you earns 0.1 BTC per week or even more? Is this possible and what is best way to earn it? Your experiences, suggestions and advices are very welcomed.
I have some friends can earning 0.5-1 BTC everyday from mining Altcoins, but need have a huge capital to buy hardware mining or method create vps free unlimit to use cpu mining. This is a hard ways for newbie or person not have more knowlegde. Easy way than mining is signature campaign, I see some people can earning 0.1-0.2 BTC every week I'm not surprise because it's possible but the fact that majority of us does not have a big capital to start mining then I guess it will not happen to all of us. Getting 0.1 a week is already a good income for most people because it does not require them to do a lot of job to earn that, I can have it in trading with a capital of 1 BTC. Yes i agree. You can earn some decent amount of bitcoins from signature campaigns. Just give a time in ranking up, and after that find some good signature campaign, and than you are set. It is not that hard, you just need time for ranking up, and even that is fun, because you can learn a lot here on this forum. And by the way, CPU mining is out dated, no one mine on CPU this days, not that i know of. It simply does not pay off. |
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The transaction fees is not fair.I could remember those days when transactions got confirmed very quickly with very low fee.I used to send my earnings from abroad with very low transaction fee.But now,recently i sent btc from my wallet to my loalbitcoins account to sell.I didn't change the fee manually in my wallet.Thats the greatest mistake i done.It took around two weeks for me to receive btc.That was ridiculous.
I have heard that there will be some splitting in August. And when i say splitting, i mean splitting of bitcoin. I am not sure, but i think bitcoin will split into bitcoin and bitcoin classic or something like that. From what i understood. transaction fees will be lower, and speed of transactions will be a lot faster. That sounds good to me, but i am not sure what kind of impact it will be for bitcoin. We will see. |
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It would be very impossible since I don't think the government would want to lose control on their citizens. Bitcoin can be easily hacked. The government could possibly lose alot of money if they get hacked. But it could happen if the current government of every country is squashed.
The advanced technology is very successful. Anything can happen in the future. So it may be possible that governments make some regulations through which they will be able to handle bitcoin and will be able to maintain the affairs of the state with the bitcoin currency so it is possible that bitcoin will replace dollar soon. The government can regulate the usage of bitcoin but not as a currency that will replace their own. USD is their representation and they can control it, imagine you replace it with something you are not in control, it does not make sense. Yes that is truth. American dollar is something like part of their personality, it is hard to change that. And even if they wanted it would be hard because there are so many things that needed to be done before bitcoin could be used in day to day business. Maybe it would be possible for bitcoin to replace dollar, but it will not happen any time soon. |
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Religions now are even funded by rich organizations.
History tells us that religion was also a profitable occupation, it was strongly linked with politics. Religion is needed to rule the people and people need religion to hold on to something in a time of weakness and despair. I couldn't agree more, yes in history it somewhat reveals some secrets behind these religions, it was also mentioned that the crown and church are the twin pillars of the kingdom. Meaning, the Church took advantage of this and manipulate these political people and took over the whole nation that if you don't agree with this you will be a sinner and so on. Yep that is the way how church kept power true ages, and even today there are people who uses their position in the same way. I believe that religion was founded from best of intentions to help people and all, but as always there was some people who have seen the way that religion could be exploited and used for their use and gain. It will be always like that, but do not forget that we like in a world of free will. One person is stronger than we believe. A lot can be said about religion about believing people, but I would prefer one single thing, When I say that a person without Faith is just a stupid animal. It seems to me that everyone should believe in emptiness. I'm not saying specifically God it can be or something else, but there must be faith.. I think you are right, because i share similar thoughts. We all believe in something, either that be a God or something else like science, we all believe in something. And base of Faith is belief. Therefor there is faith in all of us, it is just a personal opinion either we admit that and say it out loud, or we chose to deny it and say otherwise. But we all believe in something. |
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We have God in our mind because He is real. The existence of God is the only absolute truth that people still believe and will always believe upto the end of time. It's not only because we need someone in times of trouble but the fact that God is real is enough reason to keep on believing in Him.
yes there is no doubt about this. Hallah is really and He is present everywhere. every religion and every person accept the fact about it. that is also a fact that everyone in time of dangerous call Him You can not say that God is real or not. No one saw him or her, so there are no hard evidence that God exist. And do not make a mistake when you speak about God and how real he or she is, because religion is built on belief. Belief is not something that is material, and it can not be seen. Therefor it is pointless to say that God is real or not. Either you "Believe" he exist or you do not "Believe". |
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I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.
It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.
Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?
That's all how strongly we hold the bitcoin we've got even with it in the next 20 years even if it's saved only 1 btc but in the future I'm sure the price can exceed the current price so that we save 1 bitcoin for Our old days or retirement is a very good idea. Yes i agree. It would be wise to leave as much bitcoins as you can for future. Because no one can predict how much bitcoin will be worth in future, and even if you got that bitcoins on trading or from signature campaign, than you got nothing to lose even if bitcoin is worth nothing in future. But it is wise to leave as much bitcoins, because of that chance that it will worth a lot. |
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In my country I can convert my bitcoin into cash
WOW, You walk in the office, give the code of BTC450, they give to You back cash and saying "Thank You for using our Service"? I think that is possible in case of paper wallet of bitcoin. Suppose a person have his paper wallet and he have that bitcoins in that wallet then he can cash it immediately like other currencies as he will hand over the wallet to the other person if he no more need that address for his use. he will get money in return of that worth of bitcoin in that wallet and he will not need any wait for confirmation. Yes that could be possible, i think i even heard there are some wallets that are supposed to be used that way, but that is only what i heard. But problem is in that, what if you do not want to trade whole amount of bitcoins from your wallet, but just small amount. In that case you can not give some other person your whole wallet. There are a lot of problems in this time with transferring bitcoins, but i hope it will be solved in near future, and till that day come cash will be better than bitcoin for day to day using. |
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How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Another crypto overtaking its market cap surely there are other crypo arising in other countries. They maybe small right now but who knows one day they will be as big as bitcoin ; if people will lose interest about it; if its not properly introduced to the mass and if hackers will try to get into the system Yes there can be many alts but looking at the market cap bitcoin currently is the top one. Even if the alts grow them we cannot say that the alts are going to overcome bitcoin. We cannot deny the fact that bitcoin is the pioneer of the cryptocurrency and it has its own place which the others cannot take anyway. Yes we can all agree that bitcoin is a pioneer in cryptocurrency world. But there are things that could destroy bitcoin. I am not sure what is happening at the moment with bitcoin, because of this separation in August and all, but i think from what i reed it could be really good for bitcoin. I mean lower fees and faster transaction, what else could one person want . But if something happen and things start going south, that could be end of bitcoin. |
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Religions now are even funded by rich organizations.
History tells us that religion was also a profitable occupation, it was strongly linked with politics. Religion is needed to rule the people and people need religion to hold on to something in a time of weakness and despair. I couldn't agree more, yes in history it somewhat reveals some secrets behind these religions, it was also mentioned that the crown and church are the twin pillars of the kingdom. Meaning, the Church took advantage of this and manipulate these political people and took over the whole nation that if you don't agree with this you will be a sinner and so on. Yep that is the way how church kept power true ages, and even today there are people who uses their position in the same way. I believe that religion was founded from best of intentions to help people and all, but as always there was some people who have seen the way that religion could be exploited and used for their use and gain. It will be always like that, but do not forget that we like in a world of free will. One person is stronger than we believe. |
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