To be fully honest, that its not stable. It fluctuates way too much and the amount is big too. However, it has been pretty stable as of late. Lets hope it stays this way!
Isn't that, like, a good thing? If it didn't fluctuate, we will not get this chance to sell at $1200. If it only stayed somewhere around 500-700$, we will all be devastated since we can't trade bitcoins at all. Bitcoin fluctuation is only a bad thing if you buy at a high price. For example, if you buy today, you might still see bitcoin fluctuation as a bad thing because your investments can become a loss when the price goes down. But as an old bitcoiner, our coins have already made profit even if the price of bitcoin goes down to $1000 or even $900. Fluctuation is an advantage for bitcoin because it helps people/traders/investors to make profit either on a pump or dump because that is the game works not only in bitcoin but also other stocks in the market that you can find. If you ask me the only concern or disadvantage of bitcoin is the halving which increases the mining difficulty and lower the mining rewards which makes the miners suffers. |
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Is because the name "Bitcoin" is the best name for a crypto-currency.
No other name will be as good.
Bitcoin always be a number 1 because of it volatility, it's really helpful actually to all traders in bitcoin industry. Moreover, because of decentralization whenever nothing can imitate by its unique features by bitcoin. anonymity is the feature of bitcoin. It is not a reason for btc is been top. Bitcoin value is big reason why people been run behind it. I have read many companies were already adopted blockchain technology and they are doing research about it more. Even citi bank planned to create their first digital currency called citicoin. Don't how is gonna impact on bitcoin, but still bitcoin initial view for them in digital currency world. True, a big number of the bitcoin users have only started using only for one reason and that is because of its high price, and the more the price goes up the more popular it gets and I don’t think that at any time the bitcoin is going to be replaced even if the price goes down, because there will be people always believing in it. Price is one of the reason why bitcoin is on the top and that is why also users or people are getting into bitcoin because they see a bright future for the bitcoin by just basing on the price history on candlestick chart. But i do believe that the main reason for bitcoin for being on the top one is the trust of the investors that are still in bitcoin because you can see the volume of money that invested in bitcoin so i think the trust of people is the main reason why. |
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What attracts you towards bitcoin?
I'm asking this because it could be different from person to person. Different people may like different aspects of bitcoin. So what do you like the most about it?
I attract the valid and main reason is that bitcoin give me a source of income and it is easy for me, because whenever i have free time than i could do it. Because in bitcoin, it has no time limit, and also i could do with my bitcoins which i want to do with it, like buying, shopping, bill paying and amount transfer, and the best way do work hard and earn from it. Bitcoin is slowly getting acceptance in all needs from shopping to investment, but the same is found to limited region around the globe. The main attraction that I found in bitcoin is the varying value which is the best to give users better earning in accordance to time duration. there are some areas where bitcoin is not yet too much introduce. actually there the number of bitcoin users are limited in number and that is the reason that people there do not accept bitcoin for trading or for investment. they need some good advertisement about bitcoin. Those laws and restrictions will soon be expired. People are not heading to the future where Bitcoin is used as the main currency. More people understand that Bitcoin is truly worth and if you dare to hold a huge amount of Bitcoin for a long term, you will be rich in the future. No one can deny bitcoin at the moment Not really sure, it is really hard for me to believe that someday that all the world is going to use the bitcoin, I mean we all know that the bitcoin is limited and if more people keep coming to the bitcoin community we don’t know how much bitcoin will be left, maybe in the future bitcoin might get replaced by another similar currency, or some new technology will allow us to have more bitcoin. Yes i also doubt that in the future, bitcoin will be one of the top currency used because as you said and we all know that bitcoin is very limited and it can't sustain the whole world demand if it will be popular and if the mining difficulties will continue to increase then the miners will abandon bitcoin because of profit loss and other cryptocurrency will replace bitcoin. |
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I don't think that bitcoin can prevent crime because bitcoin has anonymity feature which criminals can abused because if they do transaction using bitcoin then they can't be traced by the authorities so i think bitcoin cannot prevent crime because of its feature that been abused since then.
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Yes, I already used my bitcoins to buy goods or items in the real world. I remember buying my laptop worth 0.4 bitcoins and we do meet up, you know to make sure that our deal will be smooth and no one will be scammer. So after we do meet up i test the laptop first and i paid it using bitcoin.
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If the bitcoin price will be maxed it its maximum high price like 1 satoshi is $1 then it will create a massive panic selling because everyone will be excited to get their profit on their bitcoin because even though they just got 10k satoshi it is equal to 10k$ so it will be a chaos and make a very huge dump for the bitcoin price.
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I think bitcoin needs or requires some confirmation to be able to make the network smooth and well organized because of the confirmation are network are not in chaos and it serves pretty smooth. Also, confirmations provides profit for miners to continue sustaining our needs in our network. So i think those are the reason why there is confirmation.
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As of Feb 23, 2017
BTC: 1139$
XAU: 1242$
Exciting times !
Now we know it did overtake gold. But its physological barrier only, we should not focus on this too much. Bitcoin is true revolutionary technology, thats important. But even if it was, it is important for bitcoin to break those barriers so we get used to the idea that nothing is really impossible of bitcoin, the next physiological barrier is surpassing the 1300 in price in the next weeks or months. but it is fact that nothing is impossible to bitcoin, we can see that the price of bitcoin is increasing continuously and hope that this trend will continue for a long time and hope that the price of bitcoin will cross 2000 in next few months. Reaching that 2000 price mark is impossible for just after next few months because i think that the price now is not stable yet and we can experienced hard dump for the price and we should be ready for that. I believe that 2000 price will be reach by next year if bitcoin will perform well now. |
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Bitcoin provided me a good income online and it helps me a lot with my financial needs. It can be a sustainable source of a fiat money cash that can be spend on things I needed for living specially for food and transportation for my current job nowadays.
Bitcoin as digital currency has been providing great opportunity for online jobs and earnings even for teenager. All we need are knowledge, skills and experience to get decent amount of bitcoin which anyone could convert into fiat money. There are a lot of people have been doing online jobs/business/investing, not only through bitcoin obviously. I totally agree with you. Bitcoin has given a lot of people including myself an additional stream of income. Income that I can generate in my free time by posting and promoting legit projects in various sites. I am very happy to continue doing it. I am sure everyone involved in bitcoin is also happy to promote it. Bitcoin does pretty well in helping other people in need especially in money matters. Bitcoin is the only currency that i know that gives a lot of opportunities in earning money for a faster way rather than fiats that has limits and hard times in earning those in real world. I hope bitcoin will help even more people in the future. |
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I don't think paypal is a scam because it's not. I don't use paypal more often but i think the thing that makes paypal a scam is those persons who take advantage of paypal's chargeback to take their money back and scam people but in conclusion i don't think paypal is scam because if they do then no one will use it.
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We can become the local escrow in our environment and I think it's not require a lot of the amount. just starting with little amount to gaining the popularity and to be the trusted person.
Is it worth your money?. We are talking about escrow here, be an escrow on your local is hard to do and why you do that ?. Because you can see lot of escrow which more better than you. Choose right decision would be better for you (Invest, Hold or Both) Yes that is right. Being a escrow is a long term to do because there is a lot of person that does well than those just planning to be an escrow. I think it is more way better if the he will just hold or invest his bitcoins into altcoins because they are cheap now and it will eventually rise up if the bitcoin price will cool down. |
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are there any still waiting for bitcoin for $100/btc? If there are then they need to get out it. There is no way bitcoin plunging to that low. There is growing chance of bubble burst or at least correction.
This is true. Those people who are keep on waiting for bitcoin to be priced at 100$ is out of the game because i believe that the low price for bitcoin will be only 800$ and it can happen anytime because of the threat of panic selling but even though that scenario will happen, still bitcoin can bounce back to more than 1000$ price. |
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We don't need to compare this two currency because they designed for their own purpose. If you ask me what will i choose for this two then there is no doubt that i will choose bitcoin because it is very profitable than us dollar and it gives me different opportunities to earn a lot of money rather than us dollar who just a fiat with less opportunities.
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Most services that pay out in bitcoin deal with it. For example, a bitcoin sales network would pay it's support staff in bitcoin, simply for convenience. I don't imagine a coffee shop owner paying their workers in bitcoin. It's just illogical.
Paying their workers in bitcoin is not illogical because that is a kind of investment + salary because if i'm the owner of a coffee shop then i will choose to pay my workers using bitcoin rather than fiat because i love to share my blessings to other people and it will help them to have asset and also money which bitcoin have. |
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Be aware of scams when investing Bitcoins.... There are many websites and groups that have come out the last months and promote big returns ...i even read about put 10 BTC and you will receive 0,10 daily for 1 year!!! People when something is too good to be true it's actually 1000% fraud!!! Be careful when invest Bitcoins...
I someone knows a thread where we can post the scams please let me know. It's good those information to be out there and be safe all of us than sorry ...
It's clearly a scam a friend. Because there is no system that only gives you a great advantage, because if it is there then everything is certainly earning from it's illegal. For there is no something bigger benefits than do illegal transactions (in no time). But not to worry, because it can be handled by not responding to the offer. because I'm sure everyone will surely ignore profit if it brings no sense That kind of investment is called HYIP which offers big returns and we really need to be aware of them because most of them are scam in the first day of their launch but some of them lasts for at least months and if you are a smart investor you can take advantage of those big returns but remember to be careful and HYIPs or other investment are always risky. |
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If the dollar crashes i believe that the bitcoin price will spike up because dollar will be cheap so the bitcoin price will be adjusted to be on the high peak price.
If we are going to be realistic, i think it is hard for us dollar to crash because they have good government that will sustain its economy and they are one of the top country that does well for long years.
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Yes bitcoin already defeats gold in terms of price but i think it doesn't stable because there still a risk that bitcoin price will go down if something happens like bad news or panic selling. But even though bitcoin is not stable on its price it is kind of a good side for me because i'm a bitcoin trader and i love the volatility of bitcoin price since i was started.
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Bitcoin price is very volatile is because of the news and updates that can affect a lot the price. I also think why bitcoin price change a lot is because of its being limited and the demand of the people around the world, if an asset has a limited supply with a lot of demand then it can surely change more than traditional currencies which have a unlimited supply.
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Why do we need to not trust the banks? Do you have any proofs that banks is not trustworthy? Because i think they are. Banks are trustworthy because they help the economy to have a smooth circulation of the money because that is where the most people put their money. Banks are here for a lot of years and i think that is enough for us to believed that banks are trustworthy.
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yes, you should believe in Bitcoin, it will makes you rich. look how far this coin go and expect to soar high and go some miles as the time goes.
Bitcoin is money.
Bitcoin really brings the money, very good. I look forward to rising prices in the near future and the most important time to have time to make bets when the question to be or not to be bitcoin will become more serious. Bitcoin truly brings money because of its volatility on its price so that is why bitcoin is really good investment and we should keep believing in bitcoin that it will be higher especially on the price and also bitcoin brings a lot of opportunities to earn like trading either bitcoin or altcoin which is good for users who want to extend their source of income. |
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