I don't think that volatility can be counted as a factor in order to replace a currency because even fiat currencies sometimes become volatile during an economic downturn. There is really no chance that an outside currency will replace something in which they own, it is like accepting other people can control your country. A legal tender of a country is protected by their constitution and laws, the government will need a major makeover in order to make Bitcoin their main currency.
Bitcoin is really not designed to be controlled and regulated by any government entity. That is really the basic reasons why many people get interested and invested in bitcoin because of this kind of freedom from any regulating bodies. |
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Is very difficult to predict how bitcoin price increase or decrease but i think the numbers of sellers and the numbers of investors in that cryptocurrency determined if bitcoin price increase or decrease
It is really hard to predict bitcoin prices but the only thing certain - the trend is going up. I have no idea when it will stop but at the moment in time, the price is just crazily going upwards and there are many ordinary individuals who gets wealthy by holding bitcoins patiently over the time. |
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I do not gamble to much but it always seems that when I do, I take the loss big time. For example, I have lost over 3 BTC in the BustaBit game online. It is fun and I like to play but I always get greedy with it. I have won about 2.2 BTC back, but I lost more than what I have won. For some odd reason, I keep coming back over and over. I do not know why I do it, why do you?
The thing is when we lose we always say that it would be the last, we swear to never come back again. However, there is this hope in our mind that is saying tomorrow is another day. We hope and we fill ourselves with thoughts of luck believing that maybe this time we will win it. That's right because it's the person who lost the gamble and want to go on before the money back. and most so if people like to play gambling. that person will be curious with the gamble and still have another hope that he can make win from the games. and no matter how hard he try, he always come back to test his luck and if he don't realize this, then it is hard to stop his pleasure to playing gambling. and i think maybe he can get winning but after he losing for several round but he's chance to recover his money can not be reach with easy. Everyone is curious to gamble because they do want to have some fun. In the same time some people dont really expect to win money but only to have fun so there are alot of reason on why people to come back. Perhaps some people even only want to chat with some guy on the site without any intention of playing or wasting any money I even have some experienced before that there are few players on a particular online gaming site who just go to the chatroom and chatted all day while hoping that there are other players who will be going to tip them and the tip they received will be their capital to bet - nothing really lost this way only time. |
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Belfort called Bitcoin a fraud and said that “the biggest problem I see from Bitcoin, and why I would never buy it, is because they can easily steal it from you through hacking. I know people who lost all their money like that.”
Seriously? Easily steal by hacking? how about banks? they also can be hacked through credit cards which often happens today. Jordan Belfort is making a statement about Bitcoin without fully understanding what it is all about, does he know anything about blockchain technology? and why people should listen to this man who have been in prison because of manipulating the stock market, running a penny stock scam and money laundering. The thing is that if your credit card gets hacked, it's usually no problem for the credit card company to reverse the payments. With Bitcoin, it's just impossible and you're relying on the efforts of law enforcement to get your coins back (never happens). I can see why people who have a poor understanding of technology consider Bitcoin to be unsafe. For them it probably is. Make sense. That is why we need to do all efforts to make sure that our bitcoin wallets and all our bitcoin-related transactions must be safe from scammers that are roaming around the web. I was once a victim of fraudster and I have learned my lessons pretty well. |
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I have no experience right now using bitcoin except buying load. But if I have the chance to have something to expect from others I have a plan to buy something for myself and for my family.
Actually, you can accumulate bitcoins through free methods like the signature campaign. Although you will be investing some time in replying to threads and making it sure that your replies are quality and have sense in order to be noticed and get selected by signature campaign managers. |
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According the experience from these past years : I think selling is wrong, keepping is a better choice
Keeping is better choice in so far as just holding your bitcoin. But if you are trading, this question is valid. Good cryptocurrency traders out there are really that good that they already have some pre-planned trading as to when to buy and sell - with this, there will be no more guessing and just a matter of setting up auto buy and sell of desired altcoins. Sounds good if someone have ability of ' strategy design'. But it is not reality for most man in the street. You are correct mate - trading is really not for everyone. Fact is, even if that certain individual knows many things and knowledge about trading and also have some list of best trading strategies, it would not mean that he will be successful at trading. After all it is the mindset, descipline, and will power to follow the strategy that count. |
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From cointelegraph
Yet another high-profile criticism came against Bitcoin, this time from the “Wolf of Wall Street” himself, Jordan Belfort.
Belfort called Bitcoin a fraud and said that “the biggest problem I see from Bitcoin, and why I would never buy it, is because they can easily steal it from you through hacking. I know people who lost all their money like that.”
It came only weeks after Chase Bank CEO Jamie Dimon called Bitcoin a fraud, and made his distaste for Bitcoin crystal clear when he suggested he would fire any employee trading Bitcoin on the company’s accounts. However, JP Morgan bought a large block of Bitcoins days after the CEO statement.
But Jamie Dimon is not the only one with this view on Bitcoin. Ray Dalio, the founder and head of the world’s largest hedge fund Bridgewater, recently stated that Bitcoin is “a highly speculative market”, and in fact is a “bubble”.
Belfort also finds it “bizarre” that Bitcoin is only backed by a program that creates artificial scarcity and said that because of this, the digital currency is not sustainable.
Although Belfort believes in the concept of cryptocurrencies, he stated the current model holds too many problems. According to him, there is a future for digital currencies, but he thinks it’s essential for digital coins to get “some sort of backing” by central governments.
In his opinion, a central bank will sooner or later introduce their own cryptocurrency, which will be more sustainable.
“There will be a time when everybody is freaking out about Bitcoin and dumps it and who knows what’s going to happen?”
In a situation like that there’s no buffer, for example the Federal Reserve, to cushion the blow.
He issued a final warning to investors and said, “Be very careful not to invest a lot of money into something that could vanish very quickly.”
GOOD RESPONSES
RJF Enterprise Miner • 7 hours ago
“Be very careful not to invest a lot of money into something that could vanish very quickly.” You mean like the mortgage and bond markets did in 2008? Typical Wall Street scum bucket. No clue what he is talking about, trashing Bitcoin because Jamie pulls his strings. Most likely hoping to buy when the price drops from his uninformed statements. Tell you what Jordan, you keep right on preaching that crap as the world passes you by. Wonder if you'll be able to beg for Bitcoin on the street or will your pride prevent that? Maybe Jamie and you can share a cardboard box... Or a cell.
sjs • 11 hours ago
Just like Dimon, he is buying himself some banking establishment kudos with anti bitcoin rhetoric. For all we know he may well be invested in the very thing he castigates. It wouldn't be like him to miss out on the next opportunity to make a killing - the great wolf of wall street. Perrick. To be ignored!!
Paul Peters • 13 hours ago
You can store your bitcoins offline very simply. That solves the hacking problem.
And with the right hardware or a little practice you can still get transactions off in under 30 seconds. This guy doesn't know what he's talking about.
And even if for some reason you didn't store them offline it would still require user-error to allow someone access. The only "hacking" would be dependent on the person who owns them.
Rich Martel • 13 hours ago
Bahaha, what an idiot. You can't hack someone's Bitcoin! He doesn't even know what he's talking about!
Artem S. • 15 hours ago
As I see it, establishement, which Mr.Belfort obviously belongs to, is afraid of a gigantic black hole (Bitcoin) that has begun sucking all assets and fiat. Fiat money is controlled, inflated, very inefficient to transfer from peer to peer, and censored.
Antony Alloin • 15 hours ago
“the biggest problem I see from Bitcoin, and why I would never buy it, is because they can easily steal it from you through hacking.”
Get educated fool!
"it’s essential for digital coins to get “some sort of backing” by central governments."
I, the central government of the decentralized interwebz, declare to back every bitcoin in existance with a worthless piece of paper.
“Be very careful not to invest a lot of money into something that could vanish very quickly.”
Yeah, just look at Venezuela!
I think he just said that so that he can but bitcoin at a much cheaper price after his pronouncement. Bitcoin is not a fraud and definitely not a joke! Many big investors are already inside and kept on investing to bitcoin because they saw the real future of bitcoin and it is evident of how it emerges from few cents to thousand of dollars nowadays. |
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According the experience from these past years : I think selling is wrong, keepping is a better choice
Keeping is better choice in so far as just holding your bitcoin. But if you are trading, this question is valid. Good cryptocurrency traders out there are really that good that they already have some pre-planned trading as to when to buy and sell - with this, there will be no more guessing and just a matter of setting up auto buy and sell of desired altcoins. |
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Buying and holding isn't the only way to earn bitcoin. You can also earn by means of trading. If you take riskIf you are a risk taker then the probability of you becoming a successful bitcoiner is very high. You might lost some but you'll earn a lot by trading.
Trading is really one of the best ways to grow and accumulate more coins with a reminder that you need to make your homework first before even going to make your first trade. It is not enough to just make a trade and wait that you will going to win, you need to study the market and its news and then position your self in an ideal price point with pre-planned exit sale. |
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Everyday bitcoin price going to certain high, then immediate correction is going on and price falls to certain low. Watch each day high and low and guess it and apply some technical analysis, better to stay tuned with bitcoin and other crypto currency news. then trade with bitcoin.But still market is unpredictable.
Everything is really upredictable and it is the bold, courageous, and more patience individual who are going to emerge as winners in the cryptocurrency tradings. They are not really concern as to whether or not bitcoin prices will going to go high and low as long as they are profiting whether it is going to go down and high. |
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No I don't worried about btc future. cause I know this is the time for holding bitcoin then I can success in my life I see my future is bright if me/you hold bitcoin right now. we already passed bitcoin low prices. so no lose any more
We will gain more if we just hold and have the patience to reach our desired profit. However, it will be going to earn a lot if we become a good cryptocurrency trader. There is much opportunity with trading altcoins but this is not really for everyone though because others can't take the risk and the emotions when they trade. |
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Mate it will end some day. No matter what you do everything will have a end. You can make it last longer, but it will someday fall. For an example the earth will also die, because of the sun.
You can support it until it will fall like investing money in it. However it be gone someday.
With all due respect, if this is the kind of thinking, we will no longer work hard to earn a living because after all everything will come to an end. We need to have that drive to accumulate more bitcoins because it is like the internet, I don't think so it will end before I die on this good earth. |
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Bitcoin is now a new popular method of payment, individuals send money to there relatives and friends and family members through bitcoin and you can also receive money through the payment of Bitcoin wallet,so it is becoming so popular that is no longer hiding
And we are so lucky enough that we already get a hold of bitcoin and take advantage of the inflow of more investors and people who would like to have the taste of having bitcoins. The more they come, the more the price of bitcoin will going to get higher and the more gain we could have  |
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The thing that makes the bitcoin drop price is high stock while the demand is low, we all know that bitcoin uses decentralized system so it depends on the market condition.
Basic low of demand and supply with some pump and dump in the sideline But really, that is really the principle of it, the basic law of demand and supply. Every altcoins and even fiat money in that manner, will going to have some price volatility and it is upon a good trader to capitalize with this volatility. |
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I think bitcoin will not replace gold. Because, bitcoin is not necessarily accepted by the wider community. While gold can be accepted by the public.
That is right and we should not say that bitcoin will going to replace anything here because that is really not what the purpose of bitcoin (replacing anything like gold and banks). It will work hand in hand with banks and can be a diversified investment along with gold. |
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I think bitcoin is money that is digital and useful to everyone because it has abundant features, like no tax deductions, fast delivery and many more
You are right and there is so much to bitcoin that will amazes everyone that has it because it offers convenience like not available with fiat money. For instance, if you want to join online gambling sites that only accepts fiat money, you need to send them some documentary requirements to prove your identity while with bitcoin, you can join in a matter of minutes and there is no such identification requirements and all that.. |
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I have just received my first income in bitcoin. I don't buy anything yet, my plan is to keep it in my btc wallet and I'll just wait for the right time to sell it.
Just hold your bitcoin as much as you can and based on personal experienced, don't go to much to read the news about bitcoin because you will get affected and may sell your bitcoin in no time. Unless you are trading cryptocurrencies, reading bitcoins news should be minimal so that you can just focus on holding your bitcoins. |
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I think that would happen too since it really gain massive distinction in the globe this time and I think in just short span of time that price you might want may come in due time. As long as many users or bitcoin enthusiast that keep on using the availability of bitcoin in these days no doubt that price and future price we want to predict will always be possible. I am on the positive side as always that bitcoin would really pumped up that high that could even up to high as $10k, let's just be patient of holding our coins and wait for the moment that it is needed to be sell/withdraw.
I agree that it could up to $10,000 because there is really a potential with bitcoin besides the fact that it is a limited resource like gold. Unlike bitcoin, fiat money can be manufactured in a limitless manner and that is what contributes to inflation and we all know that it is not a good thing because its value will be going to depreciate. |
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We do have all the same mistakes and im sure most people do have this kind of regret even myself do really regret when misses the opportunity to buy and sell when prices are on its good point but anyway I'm move on this regret because this happenings is not good to us.
That is correct and the best thing we can do now is to move on and find more ways of accumulating more bitcoins as much as we can. Looking back at our mistakes and regrets will not help that much although it will teach us to not to do the same thing, but what is really important is that we move on. |
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for now I have not bought anything from bitcoin / bitcointalk, but I have dreams and dreams, which I have not been able to achieve, and I will buy something that I want to buy from this bitcoin, hopefully I know I can succeed and can realize all my dreams. hopefully we can all succeed here and bitcoin can be a good investment for all of us.
With bitcoin, I was able to finance it for my child's birthday - a super cool celebration with lots of visitors and lots of foods in the table. It was really fun and I could not ask for more and so grateful that I have come to learn bitcoin |
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