In my post-Soviet country economical situation is very bad. Food is rather cheap and you can manage to live for 50$. But renting a flat costs more than an average salary. Medicine is not cheap as well. Oh, and about 3 years ago it was a lot better. Prices were two times less then now almost on everything and salaries were mostly the same.
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For poor countries bitcoin is a great thing. An average salary there is about 180$, so earning another 100$ for a lot less of work is an amazing stuff. Young people are often studying, so they don't have much time for a full-time job. Working for sig campaigns if good for them as well, even if they are from developed countries. So, yes, Bitcoin helps people to become successfull.
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It was actually my father who got involved first. He heard the news about Roth Ulbricht and all that Silk Road stuff and became interesting in this new kind of money that is different from everything he knows. And so then he found out about Bitcointalk and about money that can be earned by working for signature campaigns. So, that's how I got into it as well.
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I may be wrong but I think it is not possible now. It used to be, when bitcoin was worth 200$ or so. At that time if you were a Senior member in a good campaign you could get 0.1 per week. Not anymore, unfortunately. Of course, there are even freelance websites on which you can work and earn btc. However, you have to be a goddamn genious to get hired there IMO.
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Well, I do spend my Bitcoins. To be more precise, I exchange them into $ or something else and spend then. I wouldn't do online shopping, because it is not a common thing for me to do. Although, I would love to spent them in supermarkets if that was possible but it isn't.
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I don't have mush money and maybe that is why I feel safe using just one wallet. I am also not aware how often people hack the passwords and get the money. I thought that most of us do very complicated passwords, so it is really hard for some program to steal our Bitcoins.
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I am really glad that there weren't many people who chose 'to buy drugs' in this POLL. This means that Bitcoin is quite 'clear' and shouldn't be associated with illegal business. As for me, I use it as a currency, because it is possible to earn money with its help and then buy something. I am not thinking much about it growing up, because I try to live today's day.
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Well, of course every investor has to decide for him/herself and take his/her own risks. So I don't think that it is something that can be actually decided in this thread. However, I think that we may give a list of advice to future investor: 1. Don't invest in something you don't know well. It is better to know the company or be a specialist in the area connected to your investment 2. Try to think of your investment as a charity. You have to realize that you can lose your money no matter what you do. So, rather invest in something which is important to you. Something you would like to get developed even if you won't get your money back.
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I am not sure if it really is going to be this way but if it's true then Russia might become even stronger then it is right now. However, I don't think people are really going to believe that this way Bitcoin will still stay anonymous, because the regime in Russia now doesn't seem to be very liberal, you know.
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This is a very interesting question. What is 'worth'? If we understand it on common sense level, then probably no money is worth a thing, because really expensive things are diamonds, for instance. Then we can say that, still not leaving common sense, that real money is worth a lot, because you can buy something for it. Even those diamonds. If we go a bit deeper into the question and think about our real need, then no money is worth a thing, because what we really need is food, clothes, a place to live and so on. Now, how does humanity come to think of Bitcoin as worther than anything else? I think it is actually a very old tradition, starting from Pythagorean school. They sacrificed numbers and thought of them as of the principles of the world. Bitcoin is actually something very close to be a pure number. It is actually something immaterial and existing only because human beings created and established them. So, believing that bitcoin is worth more than any other currency is something quite philosophical and out of this world, actually.
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FmhzjNR2.png&t=665&c=2D_lU4TNfR0rUA) lulz Sort of funny but if we interpret 1MB as one million of Bitcoins and think about it seriously then it really is a very big amount of money. Even now when BTC is about 600$, one million would be 600 000 000 $ which is unbelievably big sum. So the dog's not retarted and is right that people need to stop at some point when they try to earn money.
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Well, I don't know about gold but I believe OP on that. China is hugely known for its mining farms. I remember that a few months ago there used to be many threads on this topic here. That China is conquering Bitcoin and can even destroy it, becoming a monopolist. Russia is known for making quite good TV programmes about Bitcoin. Maybe, if they buy gold, they do it for people to start using Bitcoin? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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To explain a gambling addiction, we should firstly explain addiction itself. Addiction is a strong dependence from something, when with lack of this you cann't do anything and as quick as possible have to return to it. As we all know, there is addictions of two kinds: physical and psychological. Obvious that gambling has nothing to do with the former. As gambling often here means online gambling, there is no any dependence from physical representation of gambling - PC. And, for instance, if there had, it would be dependence from PC generally, not from gambling. So it has to do something with affects of gambler's consciousness. And we suggest that positive affects after wins in gambling, as they overshadow more frequent losses and its negative affects, are the main cause for psychological addiction from gambling.
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I don't agree with that. To say that gambling is a sickness is something to say that alcohol is as well. Saying simple, we there are confusing the notions. To make it clearer we should use right word instead of wrongly used formulation of gambling as a sickness. Taken literally that's a mistake, taken figuratively that's a metonymy. Metonymy, as you all know, replaces a name of thing with another one, which is closely associated to the first. In this case literally we should say about a gambling addiction (as well as higher about alcoholism), figuratively we says about gamling in the place of gamling addiction. Another metonymy of this kind is to say about a person, which has schizophrenia, that he/she is a sickness, not that mental disease. Accepted literally, it is a mistake. Hence, if a gamling addiction is a sickness and gamling itself is the same only figuratively (by a metonymy), then literally gambling should not be considered as a sickness.
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This is gambling there is not a safe methods to gamble you have risk to lost your money, if there any safe methods to gamble, you can be rich from gambling.
The risk is always there whatever you do in gambling, just always remember that in gambling it always takes money to make money, seems like very easy to see it but in reality it is hard as hell because we are just getting fooled by the house advantage that we never recognize in evaluating our chances. Yes, the risk always goes with gambling. But with one caveat that gambling is understood as betting real money. Quite obvious and clear that no one would gamble seriously for fun as one more likely wants money from it. Nevertheless, to gamble for fun is the only safe method in gambling, which though never makes you rich.
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I know many of us are holding some bitcoinsin our wallets and still waiting for more high price to exchage. But we cannot predict the price motion of BTC five to ten years from now. It may increase more to its highest possible price or may go back to its original price. Can saving BTC be good in the future to spend?
That is what I am afraid of. What if Bitcoin suddenly dies and becomes absolutely inexchangeable into cash? A lot of people will lose their savings. Crisis might come if in 10 years there will appear something totally new. Just like the internet appeared. Andthis something will ruin our current values. Hope that won't happen and Bitcoin will grow in price.
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I am quite positive I will never get 21 BTC. In fact, I don't even try to have it. I don't buy BTC and don't gamble. All I want is to have about 15 000$ in BTC in 20 years to give them to my children when they grow up. I hope I'll be able to reach that goal. But I am scared a bit thet in 20 years BTC may be already dead or something like this and so my money will become nothing.
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I think Bitcoin has its advantages which make it better than gold. However, there is a problem here. People tend to trust something they can see and touch. What is bitcoin? In physical world it is just nothing. Numbers. We can't touch them. We can't smell them. Gold has been in this world for a very long time, so Bitcoin needs some time to be accepted as well.
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I think people mentioned a lot already but I'll give you my list: 1. Fast transactions. Some people say that Bitcoin's transactions are slow but I disagree. My trasactions usually take less than a minute. 2. Anonymity. Yes, you need to have a wallet and it is possible to see transactions of any wallet but still there is no direct connection between a wallet and an owner. 3. No taxes. I have heard that some countries want to create taxes connected to bitcoin but it is only about the future. 4. Mining. With what other currency can you get some money out of nowhere? Printing money is the prerogative of the National bank and using Bitcoin you can just buy a miner, find a pool and get some 'clear' bitcoins.
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I may be wrong but I think Bitcoin Crypto Bank is something OP was asking about. It is a privately owned company operating on the Bitcoin trade market. They have more than 60 000 clients from all over the world. https://bitcoincryptobank.comAs for different countries, bitcoin is considered to be illegal in most of them. Australia is among rare exceptions.
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