Other currencies will loose its value over a period of time because of inflation rate while bitcoin will keep on growing in future too which will be more valuable then fiat.
ya , right .. bitcoin is future money , promising money .. can be proved with a price increase from year to year very rapidly Bitcoin is the first crypto currency that created. Bitcoin is like father of crypto currency. I am sure fiat will unused in the future. |
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All people have freedom to used bitcoin, we can used it anywhere we want without restrictions and there is no policy about spending our money in terms of bitcoin specially we can earn money without any paper requirements.
It is become practicaly if use bitcoin instead of paper money. You right, no restriction for use bitcoin. We can send bitcoin to world wide in few minute. |
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Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
I am not sure becouse to use bitcoin we need internet connection and electricity. Some poor country like Etiopia need to build the infrastucture first before they can use bitcoin. |
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If you had a lot of money or Bitcoins how would you help Bitcoin/ Bitcoin community/Bitcoin awareness?
May be some people will do not care about the other. But I am not kind of that people, I will build a blog then I will advertise it. The blog will give information about bitcoin and how to collect it. Create a faucet is good too. |
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Gox
Cryptsy..
If you have most of your coins in Bitfinex.. there will be little mercy when they disappear.
Yeah I am agree, exchange site is different with wallet. An exchange site can bankrupt, then if it happend we will lost our money. Thats my oppinion. |
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I read some articles in the internet that explained about bitcoin, bitcoin is created to be a currency but some people use it for an investment too, the reason is the price that rise. I think if we have big capital we can get rich by bitcoin, but if we do not have it, we better try to trading bitcoin, becouse bitcoin is like a commodity.
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I think people in the future will leave fiat as money, they will back to use gold anymore. Becouse gold is more worth. Gold is better than anything as a money. Gold value is not depend on the strenght of political country.
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May be some people was helped by bitcoin. Some of people said that bitcoin is being their sources. It is mean that bitcoin can help my daily need.
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If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it.
For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new?
Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example?
What are your thoughts on the topic?
I think bitcoin is created to be currency. But in the journey bitcoin become good investment too. |
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I don't care about the lost number = lost coins by losing the private key to spend.
I care about the free float and people trying to own = hodl at least 1 btc for long time.
Right now I d guess we could calc this very roughly to
16mio (created) - 5mio ( hodled , see other threads here) - x lost (x=4mio?) = FF (free float = 7mio?)
So if only 7 mio is free, that' s scarce!
Do Not worry becouse the holder still have to sell their bitcoin to get profit. But the biggest problem is if they lost the key that mean the bitcoin can not be used forever. |
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is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
Can transactions be seeded up to save customers time or any other way to use bitcoin at local stores.
I think It is fast enough, although it will be nice if it can get faster, with this speed will not apropriated for transaction in supermarket. But it is really fast to sent money to outside of region. |
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I do Not think that bitcoin can make bank dissapear, people may more like decentralization than centralization. But country still need bank, bank is foundation of world economy. Bitcoin and bank is still needed. |
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In this time most of the currencies are here,so why i use Bitcoin? what you feel the different between Bitcoin and the other currencies?
Bitcoin Is the best, I think the best crypto currency is bitcoin so altcoin will come up and gone. But difference with bitcoin. |
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In this time most of the currencies are here,so why i use Bitcoin? what you feel the different between Bitcoin and the other currencies?
I was Read that bitcoin us the fisrt crypto currency. So the price of altcoin is depend on bitcoin price. I think if bitcoin price is rise against fiat the altcoin price will drop, but if bitcoin price is drop against fiat, the altcoin price will rise. |
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What do you guys think it would happen if all the governments in the world declared bitcoin to be illegal?
How do you think the community would react? What could be the possible solutions?
I am Not really sure, may be goverment will pay genious in computer to block bitcoin. But if there is ginna be various vpn we can still use bitcoin. |
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I am really sure, becouse bitcoin have so many advantage than fiat, so I think it is possible for bitcoin to be future of money.
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May be I can helpbutcoin by introduce itto my friends or my family. Becouse I think if more people ude bitcoin, bitcoin will be strong in the market. I am not really sure but I try to explain bitcoin to them.
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I do not really know where to invest bitcoin. I only knew that trading is pretty good to get bitcoin. But I never try it so I do nit really sure. Trade bitcoin with something called altcoin.
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I hear that bitcoin price is good, it was rise. So I interested with it . I wanna learn more about bitcoin. Is there anothere benefit of using bitcoin?
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