Bitcoin is gaining interest of unbanked gradually. But the growth of Bitcoin is still on a hold ,because it is all about getting digital. People are still coping with the basics of internet itself. So the population needs to be more mod , to enjoy the technological luxuries.
Yes, a lot of people who are apparently 'unbanked' status, have gained quite an interest in bitcoin. The reason why the growth of bitcoin is on hold is because inadequate or accurate media attention is lacking, heavy adoption by the masses seems to be delayed and ofcourse, digital literacy is a need of the time. After such basic requirements have been accomplished, maybe bitcoin grows to achieve bigger milestones. Bitcoin is much much more than a risky investment, much more than a payment gateway and much more than just a currency, its special super powers and tweaks and improvisations from the usual are exactly what make it one of the best at what it is. I have never seen such a fine investment, such a secure payment gateway and such a comfortable currency in my life yet  Bitcoin might be a risky investment but considering other investments, I think I will find much more returns through bitcoin. It is not such a developed payment gateway and bad hacking incidents and money laundering issues have made bitcoin an evil currency for a few people. However, it is much developed and mature now. Yes, it seems just as an investment right now to me. Nothing more, I don't really expect much, call me cynical (: I agree that bitcoin might be one of the greatest currency of all time and I love trading in the bitcoin currency. However, I feel that as an investment is how its treated, and as an investment, it will never replace gold for obvious reasons. Yes, Gold might lose the power it has if bitcoins becomes powerful, but gold is scarce and limited, it will always have a great value, it can't collapse like that. |
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I remember at first months of this year some peoples said that BTC was died, same LTC, and now I dont see somebody saying same thing.
Hahah, haters gonna hate bro. They only come around when there is negativity in the media or when they go hard on their investment, panic and fucking lose it rather than holding, then they get mad and break things, feel like their life is destroyed. They go back to bitcoin forums and try to convince people how it is bad for them, trying their own little ways to kill bitcoin, but bitcoin doesn't give a fuck. its the king currency. |
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What I meant is that bitcoin will be the de facto reserve currency of the world, no censorship, no capital controls. Sure the population is not ready, i dont expect greece to jump on the train tomorrow. But eventually, it will spread there, people cannot tolerate the government & banking mischiefs much longer, so they want an alternative. And who is searching, will find it. Just hope google wont ban the bitcoin keyword lol  I don't think so google will ban that key word, it brings them a lot of revenue anyway  Yes, you're correct regarding how Greece won't just readily jump on the train today because its population is not ready for this massive change, and yes amph I also agree with you about how bitcoin's cap isn't serving the right justice, but considering bitcoin as a replacement rather than an alternative is highly ambitious. |
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as far as an investment, i will choose bitcoin over gold. bitcoin has way more room for long term growth compared to gold.
I think the opposite. Gold is scarce, there is not much gold left and it has been around since a long time, even your parents might have used it for trade, or your grand parents. Bitcoins is relatively new, it is certainly much risky to invest in, and considering 'room' for long term growth, gold is much more secure and safe compared to bitcoins. I have invested in both, hoping to reap benefits from both |
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I would recommend you to complete most of your formal education from your city, and try in university here for higher studies. If you study well and are talented, you can get an admission through scholarship. Your education will be discounted and there might even be hostel facility, which makes things cheaper for you. As you study here, try getting opportunities for work, there always are opportunities for work. And then work hard, save, get a job, marry someone from that country and stabilize your life there  for the marrying thing I guess it's the easiest to get visa and citizenship but that would be hard because I'am a muslim and there isn't that much of muslims in UK or USA to get married with . Living in UK/U.S can be hard, why don't you consider some other place for living too? There are opportunities at a lot of places in China and India. I think you might find a decent lifestyle in India, y'know. I have friends there which make good money and you might find a lot of muslim women in the country too, to marry. It won't be such a bad idea, always have more options. |
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It was a hype, its not coming to wall street officially. They have their own market called medici!
We shall see that, banks are greedy, so greedy that they can change their principles anytime. If bitcoin becomes too appealing that banksters cant resist, then they will come in our boat aswell. They just cant resist the urge for money I think they wouldn't tweak their rules and regulations, rather make the crypto currency system have differences made for their adaptation. They would offer lucrative deals for the commencement of the deal, but if we give up the fight and let them centralize bitcoins, then what is the fucking point? If however they are ready to accept bitcoin as it is, then that's when shit might be worth hearing.. |
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I would recommend you to complete most of your formal education from your city, and try in university here for higher studies. If you study well and are talented, you can get an admission through scholarship. Your education will be discounted and there might even be hostel facility, which makes things cheaper for you. As you study here, try getting opportunities for work, there always are opportunities for work. And then work hard, save, get a job, marry someone from that country and stabilize your life there |
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I believe your crypto should be diversified. Since you need to keep check on risk and return. A balance should be kept between the litcoins and bitcoins. Ltc is gradually taking a roll on market , and it's a good thing to keep invested in it as well.
as all the people here are too much involved in bitcoins, and have dedicated so much of their time of their lives involving bitcoins in it, watching another crypto progress ahead does hurt, but people need to understand that there will always be competition. Have faith in your investment, and just go with it. And if you have doubts, then diversify your investments, maybe even invest in ltc if you wish to. |
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hmm nice idea , i will do that soon. spare some income every month to bitcoin and keep that for couple years. maybe it will worth alot in the future , or that will great legacy to my sons  but that can happen if bitcoin still worth in the future. I have a gut feeling that bitcoin will be worth 10x, 30x more than what it is today, and that day isn't that far. Just a couple years down the line, let's say 10 years and bitcoin's price will be 10x considering things are developing and rising exactly how they are in today's pace. Comparing bitcoin to the current gdp, assuming things go our way and people put their savings money down and invest unto thr bitcoin venture, the value of a single bitcoin can rise upto 1 million dollars. Considering people put down money more than just their savings,nthe value can shoot even much more. However, thats just an assumption/theory and a dream. yes, but this is a dream which might actually come true. Recent adoption and support bitcoin has supported is gradually going higher than vice versa, it is receiving fair attention from people. The Greek economic collapse made people realize how dangerous centralized currency can be, and how banks can screw its customers at their worst times. Bitcoin is a suitable alternative, if not a replacement. |
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So basically the deflation gives rise to inflation in disguise.The main idea of deflation is price goes down , demand goes up. But here, the demand is going down faster than the price. Which is decreasing the purchasing power of people.
Yes, but here the deflation is taking place because purchasing power of supposedly one currency is comparatively higher because of the value of the currency rather than the commodities. That is the reason why the deflation seems as inflation in 'disguise'. If the people aren't capable enough to have any purchasing power, than what is the use of these products and this currency?  |
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It can do if banks accept bitcoin and enters a fractional reserve banking phase. You will have loans, bonds, futures and other derivatives. Then the bitcoin sector could be worth a trillion. Not impossible in 2020.
Yes, it would be a wise future for bitcoin to have an acceptance with said financial institutions and enter a fractional reserve banking phase, exactly which you are talking about. But being involved with banks is the one thing which destroys the whole function of bitcoin... being decentralized. The banks will make sure that they would control it, rather than just have a reserve banking 'phase'. |
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In order for Greek merchants to begin accepting Bitcoin, Bitcoin users need to express an interest. Contact Greek merchants, and explain that you are heavily interested in purchasing their goods, but only for Bitcoin.
I think the issue here is the whole other world is concerned about Bitcoins working with Greece, rather than just Greece, If the people who live there, the residents and citizens, have no interest or wish to trade with bitcoin, then why will they make efforts and talk so said merchants? If there was absolute need, talks would have been commenced already. Greeks don't really give a fuck about bitcoins... |
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Come to papa Bitcoin I would rather perceive bitcoin as a young lad among the old currencies running along from a hundred years. It seems more advanced, better and idk, younger? Its fast. Its cool. But it lacks experience, so for bitcoin to be a 'papa' of all such currencies, it needs to achieve more qualities than just be a decentralized currency. let the currency grow a few years, its just in its teenage now, give the kid a break |
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Bitcoin is gaining interest of unbanked gradually. But the growth of Bitcoin is still on a hold ,because it is all about getting digital. People are still coping with the basics of internet itself. So the population needs to be more mod , to enjoy the technological luxuries.
Yes, a lot of people who are apparently 'unbanked' status, have gained quite an interest in bitcoin. The reason why the growth of bitcoin is on hold is because inadequate or accurate media attention is lacking, heavy adoption by the masses seems to be delayed and ofcourse, digital literacy is a need of the time. After such basic requirements have been accomplished, maybe bitcoin grows to achieve bigger milestones. |
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I also dont understand this. If i would have that money i would buy step by step bitcoin worth of 1 million dollar. And after 5 years the price will be easy at 25.000 Dollar or more and i make from 1 million - 100 million dollar. that if your estimate is correct, what if five years from now, bitcoin prices will come down? The future of bitcoins is all a coin toss. The coin has already been tossed up in the air, it is mid air right now and all the people have their jaw open while this coin swings in the air, everybody is expecting a head or a tail, everybody has a different scenario and expectation. As much supporters bitcoin have, the haters are equal. All want it to either surpass all currencies or fail as an investment, for their future benefits. Let's wait till the coin lands |
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The website is a good help , but you need to work more on your design . You can make it look more professional . The design looks straight out of 00's.
Also the time can be saved ,a little improvisation needed.
Yes, this guy is right. Its just a friendly advise to make sure your website looks well and decent. The header and footer should always have a professional finish with crisp font display. The more professional your website looks, the more legit people find your venture. Its funny but true, all these things do matter when you get into such a business. Best of luck |
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Well if we talk in reference to bitcoins, the only way you can still stabilise your future is invest in it. Since we can leave behind the daydream of time travelling and focus on the present, and how we could manage the wealth to make it conducive for future.
Yes, the only way to stabilize a future in bitcoins is to invest in bitcoins, and the other ways are alsi built around the core foundation of trading bitcoin such as learning more about it, using and adopting bitcoin, etc. The more you understand and use your investment, the more you are personally benefited by it too. Otherwise, everything false apart like the domino effect. |
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Miners setting the price floor? Just the opposite of what i've heard. Miners need to cover their cost of production. So they need to look for the good deals. Selling the bitcoin at current market prices is the deal.
Yes, mining seems to be a waste of time and resources at the time being. However, despite the trading I do and buying and selling of bitcoins which happens around me, I use my spare phone which I don't use anymore (Because I upgraded to Samsung), I use my old Iphone for mining I just put it on charge all day and it keeps mining, I pay attention to it sometimes. Its obviously waste but I find joy in it too |
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The possibility of that happening is several billion times less than zero. No country will ever adopt it. It's an alternative not a replacement.
A country called Liberian has already adopted bitcoin as their national currency. However, Liverian is a micro country with only 7 people residing in it so yes, its a long way for bitcoin to be adopted by other countries However, often an alternative have turned out to be a replacement, and I feel that there might be chances of that happening in the future. Maybe not now, but maybe some day |
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The banks are closed and Greeks unable to buy Bitcoin.
you can withdraw 60 euro per day or per month, i don't remember right now, so they still can take a tiny portion of their money and buy bitcoin with those but they will probably need that amount to survive, nobody in their right mind would buy bitcoin instead, seeing the utterly critical situation It is 60 € per day. That means 1800 € per month. Quite enough to survive imho. if it is really per month then they can potentially buy bitcoin with 800 and the rest for living, it should be enough if you have not a family so there is no excuse for them to not buy bitcoin for the time being The banks are closed and Greeks unable to buy Bitcoin.
you can withdraw 60 euro per day or per month, i don't remember right now, so they still can take a tiny portion of their money and buy bitcoin with those but they will probably need that amount to survive, nobody in their right mind would buy bitcoin instead, seeing the utterly critical situation It is 60 € per day. That means 1800 € per month. Quite enough to survive imho. Quite enough to survive, but is it quite enough to survive and also buy bitcoins? NO. They are not even thinking of buyign bitcoins at the moment, let alone think that they can afford to buy bitcoins. I guess that is the point amph tried making. Everybody praying for Bitcoin to be a savior to Greece is unrealistic, Greece doesn't need a savior, Bitcoin cannot be its savior. Simple. how so? 1800 is more than enough for survive and buy bitcoin, you don't need more than 1k euro a month to eat and pay taxes, unless you spend your fiat in useless thing...you know worst case they can save 1200 and the rest in bitcoin, everyone of them can buy at least 2 btc per month, so this should reverse 600x11M = 6.6B of money into the bitcoin market each month but since there is only 14M coins, only a small portion of their citizens can buy that amount of coins and only for one month, the other will be able to buy much less than 1, if the market has all this great offer(i doubt, there are 11M coin available probably only 1M are available to purchase) So you're assuming that everybody who gets their 60 euros back can afford to spend it? What if there is a family consisting of 6 people and only the provider of the family gets 60 euros everyday? What do they do then? Buy bitcoins? Stop concluding that buying bitcoins is a solution for Greece, man. It isn't. Bitcoin is a young blood in the market, why do people expect it to be a savior? |
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