This is a lots of money try to double atleast $100 and if you can really make it then you need to try again to double that $200 dollars trading or gambling is really good way to make that double and if you can't really do then try to invest in icos but it always take time before you double it.
The bigger your capital is the more profits you will earn from an investment, so having a lot of money is rather an advantage i feel, but if i had an amount like that i would not have been looking to invest them on internet as i know i can run a good business in physical world with that capital. |
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If no one spends bitcoin, price fluctuation will happen to higher extent. Importantly bitcoin usage when gets decreased the ratio of adoption too decreases. Possibly for the improvement and growth towards a greater digital currency spending is much needed.
I don't understand. Why would ratio of adoption decrease if the usage decreases? Usage of spending of bitcoins does not have anything with adoption, if new people hear about it they will still join without looking if the people are spending their bitcoins or not. And if just some people hold their coins it wont affect bitcoin from any angle. |
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Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:
Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?
Paper money will not be banned and what is the main reason to banned this one? Paper money has a very big features in the future and it always be a based digital currency on bitcoin and it will support bitcoin all the way and paper money will be a long term and i think it will not forever but it's life time. Paper money wont get banned, it will get exchanged with some digital system like bitcoin, it wont be bitcoin as governments are not able to control it so they wont use it but they will surely make their own digital currencies and use them in place of paper money later on in future. |
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In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar, etc.?
If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
Any currency controlled by a government would be the same as fiat, the difference between crypto currencies and fiat is that fiat is controlled by the authorities while crypto currencies are mostly anonymous as they are not under control of any government, even if governments make their own crypto currencies there usage will be the same as fiat as they will be under their control which wont make them any different from the recent monetary system of the world. |
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So, why do we need to use Bitcoin???
You don't really need to use bitcoin, you should use it only if you want to, because bitcoin is not yet the currency that is going to replace fiat or paper money system of the world so that we might needed to use it, but now we all are using it from our own will but it is not important to use it. |
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Yes, I wrote a book (I talked about it in this post: https://bitcointalk.org/index.php?topic=1420163). It is a source of passive income because I sell it even if I sleep or I'm on vacations... it's on online stores, so people buy it without any further effort by me  That is really a great passive income, writers really has a great source of passive income as they just write a book and publish it and then they are earning passive income from that as they just sit and people buy their books and they are earning. |
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Dear Mr. Satoshi I wanted to talk with you privately,
A pleasure to meet you.
I wanted to talk with you Mr. Satoshi.
Please don't ignore this message Sir, please send me Private message.
Give me his account link if he really comes to your private for having a private conversation with you. By the way, the last post he did with his own account: https://bitcointalk.org/index.php?topic=2228.msg29479#msg29479 |
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At first I am saving some bitcoin for future use and when it rises to the moon. But I am forced to spend what I have saved. And from then on, I spend every bitcoin I earn. I enjoy spending my bitcoin though.
You can have a secondary wallet to which you can send the percentage of Bitcoin you want to save. I'm sending mine to cold wallets.. I want to save 1BTC in cold wallets, and it'll just sit there for a long term (until Bitcoin price will rise a LOT). It's better to have some Bitcoin saved for bad times when you might need it. I'm thinking to do the same, i actually also cannot stop but spend my bitcoins because i need cash everytime for something and for that i need to convert my bitcoins to cash as i don't have any day jobs because i'm a student, but i'm thinking to save a portion of my bitcoins every month so that i can keep some bitcoins safe for later on. |
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I believe I am apt for answering this question since my country faced demonetization recently. In the rush for exchanging currencies, a lot of time is wasted. In this hour, I found it much useful to use BTC as a currency for exchange rather than wasting time standing near banks for hours to fetch the new currency notes. It is true, hard cash might sound safe but it is not. Those who had heaps of cash had to pay 30% tax for not depositing to the banks. Now you might get your answer.
So the basic thing for now is that bitcoin is more secure and anonymous which fiat is not, and that anonymity makes you pay no taxes at all no matter how much money you have in bitcoins, as long as an authority is not controlling it and no one has track on your balance, you don't need to be worried at all. |
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If bitcoin will going to replace fiat make sure that bitcoin can be use in daily lives or in our daily expenses that we can use bitcoin into physical one or by buying into stores and supermarket because if not then what is the use of fiat? We are always trading our bitcoin into fiat to use it on our daily needs.
The very first thing is that bitcoin is not going to replace fiat, atleast not in early future, because we can see that bitcoin is still not well-known in all over the world, though there are people using it from every corner of the world but that is not enough to make it replace fiat, it will need to be discovered by everyone living on earth in order to do that, and also the limited amount of bitcoins can be a hurdle in the way too. |
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Wow ,almost 30,000 unconfirmed trans now
Are the miners sleeping? LOL
Lets hope that this won`t affect bitcoin price. What`s going with the miners really. Will this problem going to be solved soon? It won't affect the price as long as all transactions are not getting stuck, if eventually every second transaction start getting stuck in the network for any reason then it may disappoint some new adopters and which may affect the price a bit, but that is likely to happen. |
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Thanks to bitcoin we got a new option if you cant trust fiat anymore. But I can say it will be living for long as long there are places that cannot be reached by technology. It will be only us who lives in cities can do it for now.
As you said bitcoin has given a new option to the ones who may don't trust fiat, but still the ones who are using bitcoin or the ones who does not believe in fiat are still using bitcoin because they need to, bitcoin is not yet used everywhere we spend fiat, so we are still compel to use fiat even if we don't believe it. |
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I think also that most of the bitcoin users used the bitcoin in legitimate transaction because bitcoin has a great services that everybody can be benefited that is why more users using it legally to maintain the bitcoin existence.
No matter if a person uses bitcoin in a wrong way as long as he is not doing it openly, because no one would even come to know if bitcoin was used for something bad if the person does not do something that is clear to the public which can result a bad reputation for bitcoin in the community outside this. |
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There are many websites which accept Bitcoin as payment method, but many of these are not trusted (or evident scams).
I bought many things with bitcoin: SIM recharge, phone covers, toys, software, hosting, online advertising.
Is there any stores that we can use to buy products directly with bitcoins like amazon and many other stores? I have actually seen one but there the things were too expensive, and i tried searching on google as well but never seen any good services for this. |
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You may try using purse.io
I think you have not visited purse.io nor you have read anything about it properly. Because purse.io is not an exchange where someone can buy bitcoins but it is a third-party website that helps you buy products from amazon paying with bitcoins. |
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I think it's not that easy bitcoin prices go up every month, you know that bitcoin prices fluctuate every month so the price can not continue to go up, which is probably the pump prices and then down again, it is a definite cycle
The fun in bitcoin is that it's price is unpredictable. We cannot know if what will be the price after one hour, one week, one month or one hour. That is the reason why it gives us pleasure when we see the price growing because though we expect it to grow but we know that it can drop too. |
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Hello to all, I want to know how I can enter into trading and do trading?
Trading altcoin is very addicting. Sometimes tiny profit but always a good profit. I always trade on eth,ltc and doge. Will try another altcoin by next week. It really becomes addicting when someone starts earning profits out of it, because anything makes us addicted if we see any pleasure in that thing and profit is a great pleasure, gambling is an addictive thing because there you can earn great profit in seconds though you can lose that much too in the same time but it is still addictive. |
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Currently the best investment in trade Bitcoins, just buy and hold for some time because you have some advantages then sell and buy again either. rather than investing in the investment program and ponzi fraud is not safe to invest.
Currently the best investment is trading alt coins i guess, because just investing your money in bitcoin and keeping them may don't grow them too much even after months as we can see that the price of bitcoins stays stable too sometimes, but the prices of alt coins grow and drop way earlier than bitcoin, so trading alt coins is literally more profitable. |
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Ofcourse not.
Considering that there are 21M bitcoins to be ever exist(I didn't count all of the lost bitcoins that may be out there which is a number that is higher then 2-3 M for sure), then the total value of all the bitcoins would be 210B$, which is less then 0.01% of the total fiat that exists.
If you want to make fiat worthless, we will need the bitcoin price to be something around 50M$ which will also make 1mbtc to be worth 50K $ which is simply crazy.
Exactly, it is something really crazy at the first place, because the very first thing to be considered is that bitcoins are limited, there are only 21M bitcoins including the lost ones, so i don't feel even if the price of one bitcoin reaches to the price mentioned it would make fiat worthless, because only the price is not everything but the economy should be seen. |
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