Bitcoin Debates Based On False Premise Noah Smith, an assistant professor of finance at Stony Brook University and a freelance writer for finance and business publications, sees a fair amount of misunderstanding in these debates. Both topics – which bitcoin version will prevail and whether or not bitcoin will replace fiat – are debated under the assumption that long-term value is what makes a currency good. Smith argues that the opposite is true. Many bitcoiners are not well grounded in monetary economics, Smith writes. Hence, they assume that for a currency to be valuable, it needs the backing of a valuable commodity, like gold. They assume that money is without value without such backing. Such a view likens money to a stock certificate, a placeholder marking ownership of something with intrinsic value. Money is equated with value. Money’s main value rests not on intrinsic value but liquidity, Smith claims. This is different from stocks, gold, housing or other real assets. https://www.cryptocoinsnews.com/want-bitcoin-replace-fiat-heres-whats-needed-make-happen/ |
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Maybe i will quit my job to go full time on bitcoin. But i need to recheck how long is bitcoin life and the prospect of bitcoin in the next 5 years.
do not worry about it. bitcoin will live for a very long time. even until you die much people guarantee this. calm man!  maybe bitcoin will die after 200years, we will found new technology, highest technology than bitcoin, but still decentralization and use blockchain, maybe 3D bitcoin |
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The bitcoin in 2020 can be really good, I think a lot of country's have stepped in by that time.
Its of course still a prediction because the bitcoin is not to predict but I think the bitcoin will be worth a lot more by than and a lot bigger, and maybe even a official currency.
maybe in 2020 each home running bitcoin full nodes to support bitcoin network, im sure it will help bitcoin network, we can finding merchand accpet bitcoin as payment method evey where |
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I think mainly trading (trading without storing), investing - buying cheaper bitcoins, selling when it gone up.
And some additional actions like campaign, sometimes maybe gamblind,loans and so on.
i think trade is good way to earn bitcoin if you have good skill, i can earn arround 0.1-0.2/week. If im in luck i can earn 0.1btc in 1day, but sometimes you must cut lose before price fail. |
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I think its better to do both things, but we will see what is gonna happen, with the halving but its not sure if it will let the price rise.
The thing is also that its good to save money for the future, because you need money to invest in the bitcoin.
Investing is also good because of the future, and the halving that is coming.
Many people speculate the price of bitcoin will increase when halving is come. For me i think it's make sense though, i'm sure the price of bitcoin will increase when halving come or after halving. I agree with your opinion, block halving make bitcoin more 'rare'. now we can collect bitcoin as more as we can before block halving done. |
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Bitcoin's adolescence Probably the best description for what is happening within bitcoin recently came from TechCrunch columnist Jon Evens, who wrote that he believes bitcoin, and derivative technologies like blockchain, "are still in their gangly antisocial adolescence". This is fitting, given Coinbase CEO Brian Armstrong's new argument on bitcoin’s longstanding block size issue in which he alleged that some Bitcoin Core developers "lack maturity". To remedy this issue, Armstrong believes it is time for competition in bitcoin development so the technology can push forward. This has been widely viewed as contentious by members of the community, but perhaps it shouldn't be. http://www.coindesk.com/bitcoin-extinction-core-development-competition/ |
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bitcoin to save $ 30 per bitcoin gap has been beneficial for me. My strategy is to hold prices and sell bitcoin after profit. although only a few I am still grateful because it is an advantage.
Im suggest you to trade altcoin, it's more profitable, you can increase your skill with learning from some website analisys like newsbtc etc. |
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I thought 2013 was the year of bitcoins. Anyone remember 1100 dollars a coin?
I wouldn't mind another year of that.
Im join bitcoin in middle 2014, im not remember it , i thiink we can reach $1000 again after block halving done, that's why Im still holding my bitcoin |
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Starting today, CoinTelegraph is truly becoming the Community’s voice. If you have a post, article or editorial and you want to get heard, CoinTelegraph can make it happen. The process is simple: you send us your content and we do the rest! Our editor will check the article for relevance with our audience (and of course for plagiarism and copyright infringement) and if he concludes that the content is relevant, we publish it along with our unique artworks along with a link to your personal website or blog. http://cointelegraph.com/news/cointelegraph-aspiring-authors-and-bloggers |
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These days BTC is so stable around the 390-410 range... Maybe halving can change this picture dramatically..
agree with you  halving make change bitcoin price to new standart price (normal price) i think $600 is normal price after block halving |
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bitcoin is much better than dollar in my opinion, i really like it even though there are some price fluctuations
of course bitcoin is better than dollar (fiat/paper cash) but sometimes we need papercash to make transaction and we can't use bitcoin example If we live in a isolated village no internet conection, we can't use bitcoin dollar/paper cash/ local currency is better than bitcoin in some situation |
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By 2020 bitcoin be at the range of 3000$ to 4000$. As the question says it may touch 10000 Euros. According to 2010 growth rate
bitcoin would have reached the value. Now the market situation is very worse which gives a hope of rise in price.
the more merchand avaible in every country is more important than bitcoin value im sure in future in every country bitcoin wll be booming and more people will use it |
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paypal is centralized, if someone can hack paypal database or anything like that
or if the paypal database get burning or affected by natural disasters
im sure paypal will be dead
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1 Bitcoin for 15 years or more i think it's good the price would be so high, just stored 1 bitcoin and create paper wallet then keep it safe, that's what iam doing
yeah certainly not a problem of storing 1 BTC only, for the future. it is for savings maybe in 15 years, bitcoin prices could rise to touch $ 2,000 i think $2000 it's very high price but anything can happen i hope the price stable at $1000 it's enough for me if i can hold 100 BTC |
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i beleive bitcoin is future of money
bitcoin can replace dollar system in the world
also the price of bitcoin will be stabl at $1000
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You need to both save and invest. There is no shortcut, start saving then invest.
safe and appropriate choice, pick two better than choosing one, because both can be done simultaneously, and there is no problem don't forget to invest at something special like gold, real estate, etc. in future anything can happen, bitcoin and dollar can die... |
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yeah you can see now, after desember 2015 the price of bitcoin, trended downwards, earlier, rose to touch $ 500 in December, but decreased in January, maybe it's because many people have had to sell at halving this year
if you see bitcoin price in january 2015, 2014, 2013 all of them downtrend... i think it's a normal we will see new high line in march maybe april |
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i think 2016 will be a good year for bitcoin use and worldwide adoption, news coverage already increasing and many people using BTC and increased places actually accepting it.
2016 is important year for bitcoin because 2016 is the 2nd block halving at bitcoin... so im sure more peple will holding bitcoin |
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-Signatures and giveaways are great particularly if you don't have a specific method or would like to use the least possible effort.
it's efective way to earning bitcoin, (it's a best way) -Faucets are good for slow earners with lot of effort, not a good method IMO
bad way, wasting your time, and better to buying bitcoin with your money (from salary of your real job) -Investing BTC is rarely a profitable idea since they aren't any reliable investments
but you must research before invest, 90% investment site in bitcoin use ponzi scheme |
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