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981  Bitcoin / Bitcoin Discussion / Re: what happens if the bitcoin disappear ? on: April 22, 2016, 07:51:04 PM
Please lets not discuss something which is highly unlikely to happen anytime soon and without which we can not imagine a single day of our life, when it will happen we will see. This is my humble personal opinion on this. Bitcoin will never ever disappear.

We need to be ready with all the consequences that we might face in future related to bitcoin, if it has to disappear it will simply disappear without notifying anyone.
This can be possible although its of course highly unlikely in my eyes, if this happen a lot of people will lose a lot of money.
The other side is that there will always be another currency that is gonna take it over.

We are into digital world now and anything is possible in digital scenario, if we will see any better and innovative currency then bitcoin in future, then we will simply switch to it.
982  Economy / Economics / Re: Is gold better than Bitcoin? on: April 22, 2016, 07:47:55 PM
for now I think bitcoin is still better than gold.
very much ospek I see from this, ranging from how to find it, it is very difficult to find gold, even requires experience very long to get it. different with bitcoin. bitcoin is very easy to get, even for people who are just learning to look

Bitcoin is good at a moment to make quick profits but still I would prefer to invest in gold as it is a long term player and it will always survive for a longer duration.

Both are very good investment opportunity although i prefer gold a little more because it is stable.
But even if you were into gold, you must also diversify, bitcoin is a very good alternative.

Yes and if we are able to invest in both of them then why to choose only one, we should go with both of them, and if both performs to our expected level the we will be making huge profits.
983  Economy / Speculation / Re: 500$ This Dec ! on: April 19, 2016, 09:57:55 PM
This price we will see before the halving and during halving I guess price would be around 700 and if everything goes smooth the 1000 is sure in december.
984  Economy / Speculation / Re: I AM HODLING on: April 19, 2016, 09:56:09 PM
Holding seems like a very good strategy now, as halving is nearing and almost everybody expect BTC to soar. This alone will likely produce some price raise.

If everyone will keep on holding without spending it the do not expect higher price from bitcoin in future, people are holding at a moment only because halving is after 3 months.
985  Economy / Economics / Re: Holdings of gold vs Holdings of btc on: April 19, 2016, 09:53:36 PM
I would choose to hold Bitcoins because not only I but many other Bitcoin users are hoping that the price in the future is high then we have seen before.
So I am also hoping for that to happen I know that it is a gamble but I am confident that it will be alright.

Bitcoin is a much better investment compared to gold. But gold still had much more investments compared to bitcoin.


Depends on what level of risk you can afford to take, if you are a safe player then always go with gold, but if you believe in higher risks and higher returns then bitcoin is your answer.
986  Economy / Economics / Re: Bitcoin is Becoming a Global Currency on: April 19, 2016, 09:51:00 PM
Bitcoin is already a global currency, albeit of limited usage.

The real question is "will it become a global reserve money?"

... or remain a global transaction commodity, like gold.
I doubt if it is a global currency now or not. It is not supported by anything such as gold that all of currencies do have it and it is needed for all currencies.

Do not expect too high from bitcoin which is not achievable, its a digital currency and helping us in many ways so let us continue with the same flow.
987  Economy / Economics / Re: Bitcoin can not replace fiat on: April 19, 2016, 09:45:52 PM
One problem with Bitcoin conquering the world is that it's a finite amount of digital money. So if it is really going to replace fiat its value must be equal to all of the money in all of the countries combined. So just imagine what a colossal sum that would be since every country can create infinite amounts of cash. I don't think such a finite financial system would work. We can't create debt and loans from finite cash. No government would allow this to happen.

Bitcoin will coexist with fiat for long time. It will not replace the fiats any time soon. Bitcoin and fiat can work together without problems. right now bitcoin is tied to fiat which is a great thing.

A simple question can you buy anything with bitcoin? No.. can you buy anything with fiat? Yes..Do you need to convert your bitcoin to fiat to buy something? Yes .....I hope you got your answer.
988  Economy / Economics / Re: Why do you buy Bitcoins? on: April 19, 2016, 09:42:59 PM
After a small gap, i have started again buying bitcoin but in lower amount, why am i buying is because i believe that the bitcoin price will be increased in the near future and hope to make a little profit and using for personal uses buying/selling online.

I buy bitcoins because it is a profitable investment. I also spend them for mobile recharge  Grin

Buy when you feel that price is good, keep on spending to see higher value of bitcoin in future, I am buying because I don't treat it as a currency but I view it as an best investment for future.
989  Bitcoin / Bitcoin Discussion / Re: What do you do with your idle coins? on: April 19, 2016, 09:38:55 PM
LOL, hyips.  Those are absolutely the worst place to put your bitcoin.  You'll lose 'em all.

I just let my idle coins idle, as I'm one who thinks just holding bitcoin is an investment.  The bitcoin community is just loaded with dishonest scammers, so I wouldn't trust any of these investment schemes that you see on this forum.  Even lending here is super risky.

Exactly be safe and play safe hold your coins till the halving rather the playing with it in a horrible manner, as only holding for few months can give you good profits so why to waste this opportunity.

Holding is good but holding it permanently is a waste of time as I keep on selling my coins when price goes higher and if I am earning some profits then I will never hesitate in selling it.
990  Other / Off-topic / Re: Earning a living with bitcoin? on: April 19, 2016, 09:34:14 PM
I believe owning account here will be very profitable over time, and signature/ avatar campaigns will be
very good paid for older members.. So invest little time in your account here..I have feeling this forum could
 be next good thing! Wink

Do you mean we need to create many accounts and boosting the activity till the accounts upgraded to higher ranks then we can sell it in the future?


Believe me that's gonna be very time consuming, you create account and it takes almost 6 to 8 months to reach to hero member and that also if you are active everyday, not an good idea I guess.
991  Economy / Speculation / Re: If bitcoin dropped to $1, what you do? on: April 19, 2016, 09:28:25 PM
I will try to start working with altcoins or maybe back to daily job. But 1$ dollar for 1btc, sorry, i am not interested on worthless things. lol.
If bitcoin will ever reach that point of $1 it will be not only problem of Bitcoin alone - but whole cryptocurrency market - every altcoin will be in danger of collapsing.
Trust in every crypto will be razed and people will realize that experiment failed and we can't have stable sovereign digital currency.

Bitcoin can never fall that low and if it falls then it will be an end of digital currency, lets hope that day never comes and bitcoin keep on rising in coming years.
992  Economy / Economics / Re: When do you buy Bitcoin ? on: April 17, 2016, 06:06:40 PM
Now is the time to buy some bitcoins at lowest price and save it to the safest place before the halving start, and sell it when the price
of bitcoins become high after the halving so you can have more profit on it

I don't buy them regularly, I mainly try to earn them online and from services. I buy them however when the price is falling.

Earning is always good thing, but if you have extra money then I think you should buy some coins with current price as it seems to be affordable price to buy.
993  Economy / Economics / Re: Bitcoin or Gold? What would you pick? on: April 17, 2016, 06:04:28 PM
Gold is gold, meaning it is the only resource i full trust to go all in. With bitcoin i am like many others afraid 1 major dump occured and we lose money.

Gold is always best option and your investment goes risk free, and you can expect best and stable returns in future but you can also take some risk by investing in bitcoins.
actually there is always be a risk on every investment and investing gold also i guess have a risk too but indeed for long term investment people still choose and believe gold as their future investment because might be gold already existed long before bitcoin


Gold is enjoying its journey and success only because its more mature then bitcoin, and majority of people have more faith in gold at a moment and that is the reason people choose gold over bitcoin.
994  Economy / Economics / Re: If bitcoin price is $10.000, will fiat be worthless? on: April 17, 2016, 06:02:00 PM
Fiat will never be worthless even if the price of bitcoin skyrockets to $10,000. Money fiat will be very important because it is used as a base currency for the bitcoin. As times change, the worth of currency also changes.Therefore, bitcoin will never affect it's worth.
Bitcoin depends upon fiat for many reasons, but fiat is independent of bitcoin, so we can conclude that the price of bitcoin whether rise or fall never affect fiat and it can't make fiat worthless.

Yes and I think we will be always dependent on fiat unless we don't find many shops to spend bitcoin directly and we always need to convert it to fiat and spend it.
995  Economy / Economics / Re: Why do you buy Bitcoins? on: April 17, 2016, 05:59:20 PM
I buy bitcoin to get earn in the longterm and buy altcoins to trading
And sometimes I buy Bitcoins for invest in gambling site.
when you buy bitcoin there are many options that you can create or decide to develop and grow. there are many things in bitcoin investments although you embroider and hold it in the wallet. it includes investment and you can use it to invest in a variety of sites. I myself bought of course to invest and make profit from holding


Buy bitcoin to get real time profit in a short term without much effort. Also I won't be buying often only at certain market situation I used to buy.
Till now I didn't bought any bitcoin, now I am having an idea to buy bitcoin as the price is stable and not too large, I will hold it till halving and obtain good profits as I know during halving the price rise will be too high.

If you want to earn higher profits then I think you should buy some more coins, as price will go higher at the time of halving and you can sell at that time.
996  Economy / Economics / Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022? on: April 17, 2016, 05:56:24 PM
No ofc,a lot of  people don't like bitcoin now and i don't think that amout of haters will decrease a lot in 2022 . Most of people don't wanna even listen about crypto currency.
why makes you think like that? Technology has been rapidly growing and also bitcoin has been. I think it is really possible for Bitcoin to be a mainstream mode of payment by 2022
Most of the countries don't know about bitcoin and if known most are not accepting bitcoin as payment. But I disagree that there are many bitcoin haters because the people who know about bitcoin or once used can never hate bitcoin. May be they have been cheated by some other ways.

Yes people who are using bitcoin will never leave it but the fact is people who have never heard about it will not use it as they need proper guidance from the present users of bitcoin.
997  Bitcoin / Bitcoin Discussion / Re: Are you holding your bitcoin for a price increase? on: April 17, 2016, 05:51:15 PM
yes i always do because i believe that the price will continue to up or increase if i reach my estimated price i will sell it

That is the right thing to do and holding too long cannot be profitable in long run as if price falls then that would be huge loss for us, sell it when you feel the price is good.
998  Bitcoin / Bitcoin Discussion / Re: what happens if the bitcoin disappear ? on: April 17, 2016, 05:48:02 PM
If bitcoin disappear then I will invest my money in gold  Grin but I don't think that bitcoin will disappear very soon it will survive for a long term.
999  Other / Off-topic / Re: How kids can "earn" Bitcoin ? on: April 17, 2016, 05:43:50 PM
kiddos loves playing games on computer if they interested on earning some money why you should not to teach her/him
well if they like playing games on pc it does not mean that they will definitely like making money on it because making money usually are not just playing some games on computer

i think that kids might participate in faucet claims or do some small work though most probably they wont like doing it as it will not be entertaining at all

I think faucets will be the best for kids at this stage as there is no risk in it and it will be fun for them to claim it free which can be as good as playing games on PC.
1000  Bitcoin / Bitcoin Discussion / Re: How to teach someone about Bitcoin on: April 17, 2016, 05:41:39 PM
google and youtube are the best option so far and ofcourse all you need todo is to focus what you read and if you have some apprentice i will prefer teach him/her once i will start explaining to from where the bitcoin start
you're right if they don' have mentor the best one is google or youtube it depends on how you understand and you need to focus in onething if you want to learn
though just google and youtube will not make you learn everything really properly as other people could give some better advises from their usage, though thats just my opinion

i think that if you want to teach someone how to use bitcoins you need to tell them about good things that are possible to do with bitcoins and how to use a bitcoin wallet

Teaching practically will always the best option as it will make easy for a learner to learn in a quick way and if he have any doubts in a mind can be solved on the spot.
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