Everyone has its own decision to choose and to make, we have different path to take. We can't please gamblers to stop on betting, all we can do for them is to give advice. Time will come and they will realize the essence of money. We can secure our capital in investment if we put it on the trusted site/company.
you're correct in both your statements concerning people have their own decisions. it would definitely be up to the person and how he sees his money. some doesn't really see their hard work's worth and gamble away most of their money. it still is their decision and if their already old enough to understand gambling then they should be ready of the consequences. investing is in a way the same as there are not fixed way of winning, the chances are still higher if you invest as the risks would be calculated than gambling |
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I also have this opinion investment in casino's bankroll is wise decision than gambling. When we are against the players than we have more high chance to get some amount with our investment. The house have much better chance all the time to beat the whales and make good amount for the owner and investors.
yeah there's no undermining that value of house edge when it comes to casinos and it would be wiser to be on the side of the house rather than opposite it. so for me, instead of gambling, if you're going to engage in the gambling industry, it would be better to invest in casinos than burn your money playing |
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In my opinion bitcoin will not be used for everyone, in any year. It could be a good money system accepted on lot of countries, but people doesn't want to have only one option.
well most likely after 6 years, bitcoin will be used by more people all over the world but there are countries where this won't be possible. some third world countries cannot afford to be reliant on digital currencies. even in most 1st world countries, where being online is available anywhere, people still would prefer to have fiat money in their pockets. so it may be used by more people but it would be like an option only for people same as how credit card is being used now |
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Is it better to save money in bank or invest it online, in real estate or maybe gold?
I say do both as well, save some of your money in the bank or some safe at home. Then invest the rest that you are wiling to risk or lose in the long run. Investing always entails risk while saving is not. yes i totally agree with you. it shouldn't actually have to be a choice between the two as doing both would be the smarter way of dealing with your money. there definitely would be a chance of losing when you invest as there really is no guarantee, but having money safe in your savings would give you a fall back or contingency in case investing doesn't go well |
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It's not going to do it anytime soon or likely even within 15 years, but it could in our lifetime I reckon. I think more economic instability in certain countries and maybe another financial collapse/crisis will happen soon rather than later and that could bring in many new people to bitcoin which could have a snowball effect. absolutely not. there is no point in thinking it ever will replace any major fiat currency. just stop thinking/hoping that it will happen. it will not.
Why will it not? If in the future bitcoin keeps going up and fiat keeps going down which is what happens when they print more of it on a whim people might wise up. Money should grow over time not devalue and bitcoin could solve this and that's what's great about a deflationary currency. yeah i think there is a possibility that it may be able to do just that, replace the dollar. although i think it most likely will happen not in our lifetime. it may take decades as fiat has been used too much and most are dependent in it. though a lot of people are using bitcoin already, it would be hard for other countries, especially poor countries that are having a hard time having internet available, to adopt a digital currency. so yes i also believe it can happen, but it will take a very long time |
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i think that the best way of making steady income is to participate in signature campaigns or just buy a lot of bitcoins and wait
well signature campaigns do give you steady income, though it's very limited. and buying and waiting for me is not having steady income at all as there's no guaranteed time when it will be good to sell your btc's. it make take weeks or month's so i'm not considering that option to be steady. most ways to have steady income would be to go outside and get yourself a good job while saving. there's no better way to get steady income than that. |
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Actually trump seem to be a guy with lots of Patriotism and he may really start banning foreign goods and may build wall between mexico and american border however as being president of world most powerful country it will be not easy for him to get all his promises done as he also have to make United state Congress to agree upon this and i highly doubt he will get that much support in this things.
However sudden price spike was nice to watch after he got elected, i think there will be lot more good news coming for bitcoin in near future.
Can't wait to see what will be his actions in his first 100 days as a president but I hope that it will be the best for their country. His promises will be the center of attraction especially for the media to see if he can make it happen somehow and it's going to be tough job for Trump.. for the meantime let's enjoy the value of bitcoin price which I believe will be good until the future. Im waiting the same thing too on what would be the steps he will make on next 100 days same as you mentioned . What would be the effects on bitcoins price. I believe that trump is a businessman and for sure he would look up into bitcoin but its not sure for now. yeah you're right. trump definitely would notice bitcoin, if he's not aware of it already, as he is one that knows businesses and bitcoin definitely has the potential to have major effects in businesses in the future. we now would just have to wait on how trump will deal with this. hoping for the best here :p |
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I would not rely on other ways to make money other than working hard at a full time job.
That is the only true way to make a guaranteed stable incoming stream of money that is reliable.
well that is a very good way of dealing with this. best thing to do is to not be in a situation where you will be in desperate need in the first place. working and saving money would be a very good way so that when time comes that you really are in dire need, you won't have to look elsewhere as you'll your own savings to look to. |
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The future of the bitcoin is good but not so good that paper money will disappear a bit but not fully in my eyes.
Maybe in the future this will happen, everything will be digital.
nope I do not agree, although in the future will all be very sophisticated but I think that cash will always be there, people will definitely need the cash no matter what happens People may always need paper money but that point is how much they will be using for their routine life. Almost nobody is using paper money in my office as we are having other facility to pay all of our needs. Yes, we can able to buy food with electronic money and we are able to pay the taxi driver with some in build their service specific electronic money. Paper money is just for the people who are yet to adopt electronic gadgets. I agree with you, of course people will always need paper money but probably will not be too frequent, perhaps when they run out of balance they may be using paper money temporarily well i think paper money would still be the main currency from that will be used. it's just that in the future, we will probably have more options. i think during that time btc would be used the same way as how we use credit cards today. so we'll have more options but in general, paper money would still be the one mostly used |
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There's not much of a reason why would you teach bitcoins to a kid. They have to be in school learning things that they need when they grow up. Teaching them bitcoins will just make them confused and forcing them to learn bitcoins will just result into having bad childhood experience.
I think it's enough to just tell them that bitcoin is an internet money. They can't do other things like mining yet. Faucets and all those micro-tasks are just a waste of time. They don't need to earn money anyway. So simply informing them about bitcoin should be enough for them to understand that you're trying to make money when you're in front of the computer.
yes that's right exactly. children have much more to learn aside from currencies and money handling. i think they should be made aware yes, as you've said, telling them it's internet money would already be sufficient information. and kid's interests i think are not that keen when it comes to money topics. |
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The new government and the new president will not disregard cryptocurrency. We can only hope that the effect will be positive on Bitcoin
Do you think Trump will have an interest with the crypto currencies? I guess so since Trump is a businessman. But if that would happen so, then Trump will command his officials to create a law for crypto's and for sure he wants that to be in tax. So, let's go back that bitcoin should be still anonymous and government will remove their interest into it. If that happens, our freedom with bitcoin will not be the same the outcome will ne negative for us.. we will be like a slave to follow what government will tell us and even charge us some extra fees or tax and it's really a nightmare when that happen. i don't think paying tax means literally getting enslaved by the government whilst our safety and protection are getting guaranteed by the government be a good citizens and you will get all the advantages of it by paying some sort of taxes and anything else which is necessary yeah that is highly possible as i think trump is, in a way, aware of how cryptocurrencies work. hopefully he doesn't do anything that would drastically change how things are done. i don't think though that it's going to be that worse even if he decides to regulate and tax bitcoin. more people would most likely be introduced to crypto and a lot more will be using it in the long run which i think would still beneficial for us users |
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This 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?
I'm not sure about the program of studies of kids in school around the world but if they have a subject that has to do with technology then I would add bitcoin on this book. We can't expect a huge increase of kids to learn about bitcoin because their parents does not allow them to spend money neither to have a credit card because we know that they would spend all their money in games that they play every day. So being controlled by their parents is good and I think parents should learn more about bitcoin and then their kids. Indeed i think more than kids, its he parents who should be taught more about bitcoin and cryptocurrencies. There are still a lot more that kids have to learn and i don't even think thoae age group would be interested at all with that topic |
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I believe in the Fiat. Yes, this currency is not as valuable as the Bitcoin. But I realize the purchase was for a centralized currency. It will still be used for a long time
you are right that fiat is long time useful currrency because we can be used fiat for direct shopping in local shopping mall and i also think that fiat will be survive for always and it will be never finish. It survives as long as a government survives. The fiat experiment has been mainly performed over the last century, since we left the gold standard and look towards other forms of money, in this case fiat. Fiat money is a rare occurrence throughout history, and hasn't really worked from what we see. Fiat will exist only as long as the empires that issue it. I don't really agree that fiat is not as valuable as bitcoin. With how people depend on fiat, right now it's value is not on the same level as bitcoin or any crypto. Fiat is a necessity and is being used pretty much by all as not everyone can have access to crypto |
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I can say I am at the average grade of managing money but my problem is the time management.
Money is just a thing so it can easily be manipulated. With time there is a problem it just keeps on moving. Just make a list of all your expenses monthly or weekly then jot it down try to calculate everything even to the smallest expense.
I agree with you mate that time is hard to manage especially if someone is dictating your time, like your superior or your boss. Money is also is not that easy to manage. Both of these needs some practice and proper application before you become the best manager of your time and money. It is definitely hard to manage at first but you can get the hang of it. Well you'd also have to consider your attitude towards money aside from knowing how to balance it with time and management. Some are actually very good at doing both, but end up spending in more unnecessary things. |
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It is both better to save and invest. Investing money is risky but there is an assurance that your money will grow. There are those who are investing using the bank and they will get their money after 10 years that grows the amount more. An individual could start with saving and half of it will be for investing.
Because they have different purpose, you invest to make your money grow and you save because you want to have some amount for your future. A person who knows how to save will most likely to succeed when investing. This is a very good way to achieve success. But do not forget about the risks that are present when investing. I just kept part of the funds, as part of investing The risk is always there but you cannot take that, you have to study well so you can minimize the risk while maximizing your income. Investing requires a more advance thinking due to the fact that you need to take risk and you only chance to make profit is to with a right prediction, you can have that if you educate yourself. You're right, investing without proper research and knowledge is like roullette as you're simply putting your investment's future to chance. There would be some who'd be lucky enough to land a good investment this way but it's highly unadvisable. |
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More than half of the users who were using bitcoin right now due to its increased price which is not achieved by any of the other digital currency that 've got existed. Even now if some other digital currency comes with a much increased price easily gets the attention of users.
So you're saying that user's in the year of 2013 is less but as i can see the price of bitcoin the year of 2013 november - december is really good spiked in that month and the bitcoin price hit the 1000$ and for me it's really achieve that maximum price for that year and if every one uses bitcoin is this posible that bitcoin can be 1000$ again? Hopefully it does again. Obviously more people are now using bitcoin compared to 2013 and the more users the possibility of it to go higher is likely. We still haven't reached the end of the year and who knows what might still happen. Me, im just keeping my btc's for now |
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regulations are not something you should fear. actually it is the opposite. although there are times when they are hurtful and hard to accept but in general and over time regulation can even be good for bitcoin. because people will trust bitcoin easier and can use it much easier than fearing "what ifs" for the future.
I do not think it will be good. In any case, the government will try to tax the use of cryptocurrency, which is very bad and in other side,government will make a regulation which could possibly making bitcoin users feel safe such as protection to them rather than being accused as using illegal currency and could make them getting jailed? which one would you prefer? paying tax or getting jailed if they were banned bitcoin Protection? We are not in need of protection. Only non-techy people needs that. There's 2FA for that which is enough security, IMO. You can hide your private key in a vault if you want to be "protected". Do you honestly think that the government will fund millions of money just to give you "protection"? No. When the government starts regulating bitcoins, that means the main point of bitcoin has failed. It's no decentralized any more. They can now put tax in every single thing we purchase/sell online. Good thing bitcoin being regulated is far from reality. Well i think there will be positive and negative effects definitely when governments become involved in crypto and there may be a considerable changes that we may see from how it is now. For me i like bitcoin how it is today, however having governments involved would most likely open up bitcoin to a lot more users and that's a good thing |
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2% of the total world population = 148000000 I think somewhere around 0-2%. 60% of the world does not have internet access as of 2016, let alone cryptocurrencies. So, I guess the total number of Bitcoin users will be somewhere between 0 and 148000000  I guess they should even be more than 2% because of the incessant popularity and acceptance of bitcoin adoption that too happening very rapidly, the number of people using bitcoin should be reaching like 5% of the total world population which is over 200 million people by 2020. If there are more than 10 million people using the regularly, that is already good achievement for the bitcoin. It's possible it can reach that or it has already reached that number. In some countries bitcoin is already accepted in businesses and other transactions so it would be safe to say that it can very well exceed 10million users |
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the government has no right to tax that is not provided by their laws. Cryptocurrency has an indefinite status in the state. It is therefore not subject to tax
They have the rights since they are the one who is controlling the society of a country and they can just simply create a law that can shape out and regulate the usage of bitcoin and even put tax with it. And for sure, if the government will see that they have a chance to get some profit from taxing crypto currency, they will. Well it will be very hard to regulate and impliment this as well because we all know that what separates crypto from other currencies is it's anonymity and privacy. It may take a very long time before governments can manipulate crypto like fiat |
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two ways. i have a bank account and also something like a piggy bank where i keep paper money savings. most of the time it's there that i get money when it need so the money in my savings account stays there for more important purposes
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