Bitcoin Forum
September 25, 2025, 03:12:08 AM *
News: Latest Bitcoin Core release: 29.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Bitcoin / Bitcoin Discussion / Re: What do you think are the biggest disadvantages of Bitcoin? on: June 22, 2017, 11:29:33 AM
Biggest disadvantage that I can see with bitcoin is its long confirmation to the users that makes everyone irritated, which we do not want, waiting for more than 24 hrs., and the price volatility, which we really need most, and one factor of every currency, but we cannot deny that fact that the value of it is unstable and turns to up side down. But the progress of bitcoin is really good, for sure, once these problem solved by the developer I guess, we will have more users and more registrant. And one more thing, I guess, it is not all about bitcoin disadvantage but the user itself.
2  Bitcoin / Bitcoin Discussion / Re: Bitcoin may not be number one for long on: June 22, 2017, 11:20:52 AM
Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.
3  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a source of income? on: June 22, 2017, 11:11:59 AM
Bitcoin may be the most reliable source of income when it comes to online works. You dont have to go outside and do so much work which consumes your energy and some are risky. Here you can have money with just a few clicks. But this doesnt mean that we have to ignore jobs in the real world. We cannot depend on this a hundred percent. Imagine that if everybody would be involve in online works, people would lose their interaction ansd socialization.
4  Bitcoin / Bitcoin Discussion / Re: Are You Holding On To Your Bitcoin? on: June 22, 2017, 11:04:50 AM
Can not wait to hold bitcoin that finally gets a little profit,
When I have bitcoin sales at a low price while bitcoin prices are rising, that's where we have to be patient to sell them Grin
5  Bitcoin / Bitcoin Discussion / Re: Forum moderation policy on: June 22, 2017, 10:57:48 AM
I hope the forums are moderated a bit more carefully from now onwards. Spammers and those promoting some kind of ads should be banned absolutely.
6  Economy / Speculation / Re: Will Bitcoin die soon? on: June 21, 2017, 06:28:00 PM
I think on that too So far i had many transaction approximately 4-5 days before it  confirmed. I ask my self about that too seem bitcoin will never die instead it will keep growing since many coin exist now.
7  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin really need an ATM? on: June 21, 2017, 06:05:33 PM
I've never used or needed to use a bitcoin ATM so for me personally, no I don't think bitcoin needs ATM's. The issue is for people who live in countries with restrictive or poor internet connection/availability, they will need ATM's.
8  Bitcoin / Bitcoin Discussion / Re: How to explain bitcoin to teenagers or children on: June 21, 2017, 05:47:51 PM
The best way to explain it is as using a 'game currency' reference but tie it to the value and possibility that Gold has. Tell them its the same concept but with greater potential as its intentions are to be the world's next banking system rather than the best online game currency.
9  Bitcoin / Bitcoin Discussion / Re: How do you keep your bitcoins? on: June 20, 2017, 08:22:11 PM
Well, to be absolutely accurate, you don't technically store bitcoins anywhere. What you store are the secure digital keys used to access your public bitcoin addresses and sign transactions. This information is stored in a bitcoin wallet.

Bitcoin wallets come in a variety of forms. There are five main types of wallet: desktop, mobile, web, paper and hardware. Here’s how they work.
10  Bitcoin / Bitcoin Discussion / Re: How much risk in bitcoin investement ? on: June 20, 2017, 08:10:14 PM
Despite Bitcoin’s impressive annualized returns since its inception in 2009, the reality is that the currency is still in its infancy and no one knows whether it will really become globally accepted or whether it will eventually disappear. This uncertainty surrounding Bitcoin’s future is reflected in its price volatility.
11  Bitcoin / Bitcoin Discussion / Re: So Bitcoin is better than Gold? on: June 20, 2017, 07:26:21 PM
Bitcoin’s volatility is currently too large to rectify and even begin approaching gold as a portfolio’s favorite reserve position. This is not to say that gold has not experienced lows and highs, but investors like gold because the likelihood of gold’s price changing significantly is much lower than that of cryptocurrency.

This is one of the main attractive features of gold. It is a good way to store wealth, particularly in the face of uncertain international markets when fiat currencies are less solid. Bitcoin’s high volatility may be one of the larger barriers to transcending gold entirely. Furthermore, just because Bitcoin’s price past gold’s doesn’t mean Bitcoin is worth more than gold. In fact, in order to match gold’s market cap of $7 trillion, a single Bitcoin needs to be worth around $500,000.
12  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is Not Garbage, Embrace It on: June 20, 2017, 07:19:22 PM
The votality, high fee and longer confirmation time is the only thing I dislike with bitcoin. Generalizing bitcoin as a garbage because you hate one of it's feature is dumb if you will not consider the postives about bitcoin. So far I use bitcoin as investment and as a savings account. If you are not the type to be patient with how bitcojn works, then convert your money into another coin or stay away with cryptocurrency.
13  Bitcoin / Bitcoin Discussion / Re: In what situation would Bitcoin die? on: June 19, 2017, 04:18:08 PM
Bitcoin won't die, before this happen an improvement will be chosen to be implemented. The question is if it will have a hard fork or not. I personalyl don't like the idea, I think it's very bad for the Bitcoin unity that was built along the years, but the transaction fees can't continue increasing like now and the delay can't continue. All we can do is to wait and see what happens... Huh Huh
14  Bitcoin / Bitcoin Discussion / Re: So Bitcoin is better than Gold? on: June 19, 2017, 04:03:54 PM
It may seem crazy comparing Bitcoin to gold. After all, gold is a historical store of value and is recognized all over the world. However, considering the huge appreciation of Bitcoin, an analysis of these two is more than warranted. A lot of investors may be tempted to invest in Bitcoin. The factors stated above should be kept firmly in mind. While Bitcoin does have a lot of good things going, there are still a lot of questions regarding this particular investment vehicle. Lined up with an analysis versus gold analysis, be careful not to engage in wishful thinking. Focus on the facts and risks. This is the proper way to do a Bitcoin vs. gold analysis.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!