I don't know anything about replacing it but I'm sure more people will come to know bitcoin and use it but never can bitcoin actually replace dollar because 90% of world's wealth depends on dollar.
You are right with it, we may think that it is really impossible to replace dollar by bitcoin and many thinks bitcoin is still too young. But with the worlds economy I don't think this will be easy for bitcoin to replace a very old currency that has being dependent to its subordinates. And many are supporting dollar so this will be hard for bitcoin to make it happen. I totally agree some people really think that bitcoin will replace dollar. for me, it's not possible since USD.. bitcoin price relies on dollars and without it bitcoin will lose it's value. Bitcoin does not rely on dollars or any other fiat. Bitcoin value is from our trust to its system. And we measure that value with dollar. Even without usd, bitcoin will still stand and survived. In fact, it may even get more valuable. There is absolutely no doubt about it. If casual things start being priced in bitcoins directly and Bitcoin itself gets finally used mostly as a currency (as a means of payment, before all) and not as a vehicle for speculation as of now, that would mark the universal acceptance and wide adoption of Bitcoin by the general public... And likely the beginning of a new, Bitcoin era and probably the end of the fiat era Well i don't think its likely that that things are going to be prices in bitcoin and that transactions would be directly in bitcoin. It may happen but i dont think it will be soon. And even if bitcoin can make it to mainstream transaction, dollar or fiat would still be the preferred method or currency |
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http://finance.yahoo.com/news/9-ways-kids-smarter-money-100050132.htmlThis article doesn't talk about bitcoin but it got me thinking how to get kinds interested in bitcoin within the context of appropriate money management lessons. Think of we could teach kinds about it. The growth, the adoption, the inflation and retraction. The allure of the "internet money". ...what other ideas come to mind? In my opinion, we should not tolerate kids to initiate in the bitcoin industry. Not only because their instinct is just to play, we do not teach them the appropriate money management. Yet, bitcoin would help but not appropriate for kids. By simply teaching them the proper discipline like saving 20 percent savings from their allowance, it may hep them to be more disciplined in holding money. There is no problem if you will let your kid learn all about bitcoins but just learn to know their limitations that is suitable for their age. By teaching them saving money by claiming into different faucets could be a good idea and it will make them encourage to keep on saving/claiming. But let them do it only with their free time not on a daily basis and always make their studies priority. In my understanding kids are minors, honestly it's not really good to teach them about bitcoin because there are many restrictions that you should teach them, they might use it in illegal activities like gambling so you will have problem then. It's better safe to wait for the right age until they become adult. I guess it is not a problem to teach our kids about bitcoin. Since it is all about the innovation of technology and digital money then that will make sense if you will let a kid ask things about it or you will educate them for additional knowledge. And of course you will skip those things that can be harmful to them and that is one, gambling. I guess it's a little complicated for them mate, they are just kids and for sure as a parent we want them to grow normal. We do not want to disturb their young minds and in the first place bitcoin was not yet formally introduce by the government and it was not teach at school. Exactly on point there dude. There are a lot more things that kids need to learn and be taught about than bitcoin. If they cone across it and ask then we can explain it to them but to directly teach kids? I think its better to introduce it first to adults and make them understand how this works |
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the existence of paper money in the future will begin to decline and be replaced by digital money  . payment transactions with a card, atm card and shopping. and also because paper money is less efficient if in large quantities. but it's still in the long term because of the profit they make money medium digital / electronic novelty of this period.  I beg to disagree.. the paper money will not ever replace even digital currencies. Its that’s not a concept most people can get their heads around, which has been Bitcoin’s great limitation. It might overcome that hurdle, or it might not. The only certainty is that money will keep evolving. If money represents value, and value is a reflection of our needs and desires, then money is simply a reflection of us. And it will continue to change as long as we do. While I don't particularly disagree with your point that Bitcoin might never replace paper money (since that seems to be what you meant to say, it was hard to decipher your message), I can't possibly agree that the technicalities of Bitcoin could hinder its adoption. They can be very well hidden by the wrappers which web wallets already use. In fact, just to fill a typical bank payment order you need to spend substantially more time and effort than to make a Bitcoin payment. Even if you use a bank payment card, you still need to enter a lot of auxiliary data (such as card holder's name, expiry date, security code, maybe, something else that I don't know of) while in order to make a Bitcoin payment you need only to enter the receiving wallet address and the amount to transfer. I mean if you use a web wallet, of course... In this way, I don't really think that the technicalities are a real obstacle For me, it's the trust issue.. Banks are centralized and people especially the depositors are comfortable with their money as they know it's secured while in bitcoin it's not safe because it's decentralize and when the entire system is down our money will be lost. Simple as that why people continue to use paper money as it's government regulated. Bitcoin has advantages in transaction than paper money and vice versa. Digital currency is a future payment method but I think paper money will be still exist as long as digital currency can be hacked. Security issue is what hinder digital currency to replace paper money, we still need a form of money (medium of exchange) to do transaction just in case. We need both of them to store them securely, I mean when your digital currency hacked at least you still have paper money on banks or safes-box. yes that is right to say bitcoin is easy to transfer it do not need to transfer in to local currency if you are buying some thing in another country as bitcoin is a universal currency and it has the same price every where in the world. That's why it's called universal currency because it has the same value in the world and because of bitcoin we are united as one. And the world is supporting bitcoin as we are the world compose of different supporters from every country. Well that can be agreeable though. It easy to send and receive btcs from other parts of the world with less fees. And i think more and more people are already realizing that as bitcoin's price keeps on going up. |
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I think saving your money in bitcoin is an investment and if you save you money in bank is also investment and if you are planning to save then you are planning to invest too in short saving and investment is the same.
For me. I didn't consider my deposit on bank as investment. My main objective is just to save when i deposit and not to have a profit. The interest ia very minimal so it is not considerable as an investment. Investment is putting tour money in line with the presence of riak on losing it. In short it involves gambling. So there is a little bit difference between the two. to me if you put your money in bitcoin then there you can get double benefit, first your money will be too much safe and additionally it will also give you additional profit it the price goes up. you can also get good chance to investing your money in a good potential alt coins. Sorry but I do not agree with it, there is not too much safe when you put your money in bitcoin as the action alone is already called investment and we know that investment is already called risking your money so there's a chance you will lose your money and it's not safe with that possibility. Well i think it can be a short term or long term investment if you in bitcoin although yeah there are risks. Who would've thought a couple of months agobthat bitcoin would be this high and it keeps on getting higher. Your investment in saving btc would already give you earnings now |
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Trump is not just a showman as many of people think about him. He is a businessman. I am sure he and his staff already know a lot about bitcoin. So they will accept some strategy to bitcoin that will bring money to them. Haha and for us it doesnt mean to be positive. Who knows. I believe that bitcoin doesn't depends from politic and they will not be able to affect on bitcoin somehow big.
Youre right at some point there. I find it to be quite impossible to think that trump doesnt know about bitcoin. He may very well have someone monitoring btc movement right now. |
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Bitcoin is an investment and you can earn money with bitcoin, which you can't do with just cash.
Bitcoin can be use to pay bills or goods online, so it's more convenient
I think Bitcoin, besides being a currency, can be a good long term investiment. But in order to be a sucessfull currency, we need more merchants offering goods and services for Bitcoin. At the moment this number is quite limited. Thats the thing there. Even though bitcoin has a lot of benefits for those using it, as of now the institutions and businesses accepting bitcoin are also few. For now i think its better as youve said, to keep bitcoin as an investment and not for everyday spending |
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Just remember that not everyone has the option to borrow money from friends, family, or a bank.
There are different definitions of "rich" and "poor".
If you have food, a home and access to the internet, you are doing better than half the people in the world already.
Actually there is a big and gap between being rich and poor, when it comes to borrowing and making a loan, rich are the most privileged to make it. But since governments are offering their citizens something that could make their life a little better, so I think that makes everything in the government fair to all, but still, if you are planning to loan in private companies, well, that's a different story and most probably they might not help you. It does not matter if you are poor as long as you have the capacity to pay, meaning you have a source of income. The only difference is the amount of money you will be able to borrow. Rich and poor have different lifestyle but they can be happy and that is priceless. Just conserve your credibility and you will be fine when getting loans. Yeah you got that right. The most important thing here is that you have a steady income to pay as when you borrow from someone, you'd have to deal with confidence and trust and its very important that those are intact |
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I think you'll have the opportunity to see Bitcoin reaching such levels, but maybe this will only be possible after the next halving. 50k is a very high value, considering that the ecosystem still has a lot to expand.
Yes, anything can happen, no one disputes. Four years ago, the price of Bitcoin $ 700 seemed unreal. Therefore, we do not know what will happen tomorrow, maybe to 50k per Bitcoin We know there's no impossible here and there's a big possibility it could happen. But are you willing to stay alive to wait for that moment? I guess if let's say it will happen 100 years from now, would you still choose to live that long without enjoying your life? Yeah i think its a bit farfetched that we would still be around if in case bitcoin reaches that high. Theres a chance that it will but i dont think we'd benefit from it as it most likely wont be in our lifetime |
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Getting rich with bitcoin, may be many peoples have a dream about it but it come true only for a few persons who invest in bitcoin with a big capital. But for me, bitcoin really helpful, and i believe bitcoin is helping for many peoples for earning wise. Actually, bitcoin is a name of crypto currency, So definitely, it will give us opportunities to earn, and bitcoin make that's why peoples use it and do investment with it.
You're right. It definitely is helpful but to be rich in bitcoin there are a lot of factors to consider especially the amount of your capital. For normal people, if we get lucky we can make a decent amount from trading. Though its not enough to make regular people rich in a short time, it is definitely is added income |
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This will never ever happen as a simple thing Dollar is accepted worldwide but bitcoin is accepted world wide answer is no. Dollar is there for years now and is bitcoin there for more than even years answer is no.
Yes, not exactly that bitcoin will replace the dollar but a great alternative to any currency around the worls when dealing online. It is only an option or another tool, which will be popular to used online. Indeed you got that right. The dollar is the dollar and it would take bitcoin a very long time if ever it will even be at the level of dollar usage. Though as youve said, i dont think thats bitcoins goal. Im seeing it to be widely used as a different option for users. |
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Well, if people believe in fiat, which is controlled by central authorities and has a high inflation rate, I see no reason to stop trusting Bitcoin, which is the opposite of all this.
Besides that, it depends on someones mentality if what kind of a person he is or what kind of a thinking he has, if someone likes profits or being anonymous he would probably trust bitcoin, while if someone is a strong believer of governments and other authorities he would have some problems believing on bitcoin as you said these two things are totally opposite of each other. Well for us users, the answer would be pretty obvious and i think bitcoin has a lot of benefits that we cannot find in other currencies. As long as still benefit from bitcoin i will believe in it |
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bitcoin just needs proper marketing for people to understand it so that it gains popularity and gets to be a global currency
Right now, bitcoin is increasingly adopted by all because of its good feedback among the users. All we need to do now, as bitcoin users, is to promote bitcoin to many people so that we could come to a near possibility of making bitcoin as a global currency, in a sense that we could make transactions across borders with the use of bitcoin as payment. you're right bitcoin is growing because of the feedback of the users like us that's why they're investing in btc the more investor the more btc will grow. todate bitcoin is known as cryptocurrency that's there still people who don't know about what is bitcoin. that's why im encouraging my friends to invest in bitcoin to gain profit which is a good start for a new user of bitcoin  Indeed mate.. because of us we're encouraging some of our closes friends and relatives to invest with bitcoins and that's why we are growing.. however, it may sound appealing to others but some don't seem like they interest with it. So I believe it would really take a lot of years before bitcoin will become a global currency. i think the way many of us represent bitcoin to their friends need some improvement. also if you hear it from just one source you tend to be careful, but if you hear it from different sources you might get interested. another problem is the information you find if you try to find out about bitcoin on your own. we could and should improve this. I believe it's easy to encourage a person if bitcoin is his interest, only a person with open mind will be able to understand and study bitcoin and eventually will adopt on it. Bitcoin is for everyone but not everyone can and will adopt on it. Yeah, It is very easy for people to adopt bitcoin because of its unique features which can help for faster transactions and cheaper fees than the traditional transactions that we made offline. We don't need to encourage people to adopt bitcoin because if they want greater chance or opportunity they will find something like bitcoin. It's easy if you understand bitcoin in the first place, bitcoin could be new for others as we are in the crypto. It was not taught at school and only a user that is willing to explore in the internet would find out about bitcoin, hence it would not be possible that large population of the world will adopt with bitcoin as they are not using internet constantly. I do not think the world's population will adopt Bitcoin because not many use the Internet constantly and most are children who do not know how to use the internet. And secondly there was not much time to be adopted Bitcoin. What do you mean that there was not much time to be adopted bitcoin? i think bitcoin is still in starting point and starting to be popular and i think we do not need to bitcoin to be mainly use as payment locally.. we are just use it someday as our alternative that acceptable locally like in brazil that has 150 stores or more are accepting bitcoin as payment they are just treat it as alternative if you do not have money.. just like you are using atm card that you can use your atm to shop in malls so if bitcoin can be acceptable it can be useful as alternative for atm.. Yeah i think bitcoin will still have a long way to go although its good to hear that some countries have establishments that actually accepts bitcoin. I believe it is already considered as an international currency as a lot of people from different countries are bitcoin users |
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I think yes, Almost of the people will use bitcoin as a one of their primary currency since the bitcoin is getting more attention every year. 6 years is still a lot of time and many things will happen and i think one of the things that might happen is bitcoin will be adopted in various big countries and bitcoin will be adopted continuously by the following small countries and the world might change with the help of bitcoin.
Well you may be right there dude. By that time most likely almost everyone will at least have an idea of what bitcoin is and its uses and benefits. But i dont think it would be to a point that they would prefer bitcoin over fiat |
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Toronto Raptors will win the NBA 2016/2017 | Remember that no way, man. GSW this time  too early to tell dudes. one thing we've learned from last season is that the playoffs is a lot different from the regular season. being good at the start of the season doesn't mean anything yet at this stage. |
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no it's not meant for kids. kids in this days supposed playing in park and not gambling. that's why parents should take seriously about parenting their child. maybe kids can try gambling but its not meant for them they have no knowledge about it . and when they're losing in gambling they can make some sins like stealing money from their parents and it's bad that's why gambling is not available for minor.
you're right. gambling is bad enough for adults and it won't be a very good idea to introduce kids to it. i think responsible parents should know how to explain to their kids what gambling is and what it's effects are so kids won't have that curiosity to try it out themselves. it is very accessible right now and parents won't have any control whether kids would be able to access it so it depends on how the parents would teach their kids about gambling |
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when the results are difficult to predict, yeah obviously gambling is depends on luck. however there are several types of games that depend on the strategy, although only a few percent.
Yes, but when you are lucky yet doesn't have strategy the game wins would be worthless. That is what we call a partial win which in the end if you just prefer to your luck then you would surely not going to win at all and lose that partial win instead. Its still better to have partial win rather than nothing at all. Having luck would really be a major thing that really affects the outcome when you do play gambling. Skills would really depend on which game you are playing but most of the time it really needs luck to be profitable. indeed. luck in general plays a bigger part than skill when we talk about gambling. even highly skilled gamblers at times can be beaten by lucky dudes on any gambling types. for games such as dice or baccarat or slots, I don't think there's any room for skills here same with most gambling games. |
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Well, so far I don't know anyone who is, I just see reports on the internet. But risk is the main reason why I prefer other alternatives to making money.
The reports you see in the internet are not real, they are just doing it for the sake of marketing, you should be wise enough to understand that if you fall for the trap your real nightmare will begin. Don't think gambling is a fun journey when you are here to intend money making. That is 100% correct. All those reports you find on the internet are manipulated and just to attract more people for gambling so that they can make a lot money. Just think if gambling houses are losing money why they will go and market that come and take money from us. It is all trap, so gamble carefully with small amount always. I agree with you mate.. casinos - whether online or offline, are designed for those casinos to profit. They have the house edge advantage and therefore, they will always win. Better to just play for fun with money that you can afford to lose because you will surely eventually lose if you just bet randomly unless you are very lucky enough. But that is just how casino works, you will need to play it in all your luck and winning and losing is at random you can never tell if your gonna profit this day or tomorrow, that is just how gambling work but I can say there are players that just lucky to win a big bet and eventually profit that much but you can really never tell the effectiveness of your luck if you don't tr to play gambling. Plying with online casinos is based on pure luck. If you are brilliant and lucky enough, then you can get away with the house edge advantage from time to time with your calculated pre-planned betting and sessions. But to be honest, I would rather gamble for fun because I have many other serious thing to do and just gamble to relieve stress for a moment. Well maybe playing just for fun are like just killing some time or you will gonna play gambling because you have extra time to do it, well if you have that particular time why not do it with the things you might end up profiting right? and I think other people are getting into gambling because of it, but seriously there are other more things to do that are safer that gambling, but if not I prefer sports betting that casino gambling's. yeah that goes the same for me. although realistically, it would be hard to get rich from sports betting as you should have a big capital. but it definitely is one of the safest types of gambling games that would at least secure you a decent chance of earning. |
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Its not actually a sickness because gambling is just a form of a game or entertainment but id you already put too much time and money on it then its already considered as a sickness , gambling addiction is the thing which is a sickness and its hard to overcome it especially when you already got hooked into it.
yeah severe addiction to gambling sometimes needs professional help already and people who are that much addicted would have a very hard time removing it from their system as their body would crave for it. so yes I agree with you that it's not gambling itself that should be considered as a sickness but people craving too much for it |
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I believe that there is only 1 God regardless of what religion you belong with. Religion only classifies what group you belong with but again, we only worship 1 God. Lets respect each one and lets not judge others. Do good so others will treat you equally. We were created equally and there is only 1 God who create us. That is my opinion and please respect.
I find the idea of more gods betted, like that every religion gods exist at the same time and that this more like "my dad can beat your dad" situation. But yes, there may be one universal god that's responsible for all of this. well that's an interesting thought. I also believe that there's one supreme being out there that is the architect of everything. we may have different names for that supreme being but I think all religions are pertaining to that single "god" |
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I had always believed Hillary would win the election, guess Americans can be quite unpredictable.  Trump won't affect bitcoin negatively. I was too shocked from the choice of American voters. I am confident that this choice will not affect the fate of bitcoin. He has no prospects for any President. well I don't think there's going to be any direct effect be it negative or positive. as we can see right now, bitcoin is continuing it's trend of rising which is what's happening even before the elections. Though I've heard that Clinton would be the preferred president to kind of support bitcoin, I don't think there are any reason why trump won't do the same. |
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