You know what,no one can predict what will happen to bitcoin in coming years.But for me i hope in ten years bitcoin is very popular and legalized by all country.And no matter how bitcoin drop down in the market it is still profitable because the member or users of bitcoin have faith on it and they will invest which make the price rise again.

Btctalk name:jeanpadel14
Rank:Full member
Current post count:225
BTC address(nonbch):3Qz71oLak3U1EUnwWvXS7Ttt6TfyQh92RB
Wear appropriate signature:Yes
Wear avatar:Yes

There are many benefits accepting Bitcoin as payment if you are a merchant. First is that the processing fees are paid by the sender, and the merchant pays nothing to receive funds. These fees are considerably lower than traditional payment networks.
It allows you to send items worldwide without currency being a limitation. It allows one-way transactions that cannot be reversed as this is how Bitcoin works, so the merchant is not at risk of a chargeback. It is gaining traction so is more likely to be an easy payment method to accept in future, and there are no subscription or monthly fees for using Bitcoin directly, unlike traditional bank accounts and payment processing networks.

Bitcoin has changed my life in that it’s one of the most interesting experiments I feel I will ever witness.It’s a worldwide decentralized protocol that forms a supercomputer of processing power, creating a public ledger of transactions that are proven to be legitimate through cryptography and computer science.It will allow me to stop working and simply enjoy life.

What makes them different is that Bitcoin Cash has a block size limit of 8 MB — eight times more than Bitcoin. This allows it to process more transactions per day, speed up processing times, and reduce fees. Transaction fees come in at around $0.20, making them much cheaper when compared to those of its rival. But they will increase once more people start using the currency.

Bitcoin is going down probably because everyone is capturing their anual income of the year and selling Bitcoin to withdraw moo-lahs.So no need to be afraid for it to crash because Bitcoin miners will always prevail.Think of it like a real estate investing. My investment property can drop in value, but I can still rent it out for income with Bitcoin mining.Whether the price is down or consolidating, I can still earn Bitcoin by mining it. And when the price of Bitcoin rockets up, my coins already mined go up too.

There's a lot of way were you can get information about bitcoin.You can search in different website or in this forum you can get a lot information in just reading and there is a thread here for newbie.And if you have friends or relatives that also involved with bitcoin try to ask them to share thier thoughts on you and how to handle your bitcoin.

When considering the fact that there are more than 2 billion people in the world today without a bank account, such shift is certainly a life changer and can only be a positive one. Perhaps the shift for cryptocurrencies will be easier for developing countries than the process of fiat money and credit cards. In a way, it is similar to the transformation that developing countries had with cellular phones. It was easier to acquire mass amounts of cell phones than to provide a new infrastructure for landlines phones.

I don't think.Bitcoin is good for countries economies because it is a fresh flux of investments if they are correctly regulated and directed.I hope that one day my country will accept Bitcoin, it would be great for our economy and could help us solve a lot of problems due to the currencies change black market as people could buy Bitcoin and sell it in foreign countries instead of playing with the black market.This was just an example of how bitcoin could help a countries economy, but i think that regarding the countries who aleready accepted it as a virtual currency, the main advantage is the security, as it is far better then using a credit card, and it can give a good punch to start-ups growth.

One of the biggest disadvantage of bitcoin that i dont want to happen to me is if you lose your bitcoin wallet, you have lost all of your bitcoins in that wallet. You cannot regain it and they are simply lost forever untill and unless you have backed up the wallet with a backup phrase code. This backup phrase code can be used to recover the lost bitcoin wallet balance.
In case credit card/debit card stolen, we can call the merchant to cancel the card and request for a new one but in case of Bitcoins, as it is decentralized and no one has control over it , we don’t have any person/organisation to call.

Technically, it would be impossible for everyone to stop mining Bitcoins as long as it provides tangible benefits (whether is it distribution of BTCs or transaction fees).However, with that being said, assuming that there’s no tangible benefits for miners or anyone to mine BTCs, I would expect that companies/individual holding large amount of BTCs would step in to continue the mining process (to ensure verification of transactions are ongoing).

Because of one reason instability is good for Bitcoin. In general, political unrest is not good for the stock market -- whose value is tied to established companies that depend on government services, stable financial institutions, a dependable workforce and so on. However, unrest is good for Bitcoin, which is resilient to political unrest because it is not a government-backed currency. There's evidence that recent unrest in Asia contributed to the Bitcoin price surge. If you think the future holds more instability for governments and traditional banks, you might find Bitcoin to  be a compelling investment.

I love to work with bitcoin because it is cheap to work and avail this practical money. You can easily and immediately transfer it all over the world and you will be charged for the transaction fees. You can avail and transfer it at anywhere. Such as other currencies, the level of bitcoin is standard and none contains the right to make fresh bitcoins. But people can mine this but there is a restriction to it. You should also understand that mining it is not cheap. Bitcoin is a democratic currency. It avails a digital way, it contains the efficiency to become highly valuable than gold.

We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen through greed. Since bitcoin may be considered as money, can it also lead to corruption.And technological advances have made it possible to dramatically increase the accountability and transparency of public financing to reduce corruption

Trees don’t grow to the skies–so goes the old investor saying. The idea is that there is always a top to any boom or bubble and while “to the moon” is a great motto, it is not a likely outcome.Firstly this is a game of round numbers. Round numbers shouldn’t have any effect on prices but in practice they do. Approximation is a good skill to have in markets and people are draw to them as targets.

Stability of the bitcoin network is a major factor that most bitcoin enthusiasts are concerned about. Most people want a secure network where they will not lose their money. Unlike the conventional currencies like euros and dollars, bitcoins are largely perceived as economic bubbles as they are only valuable when exchanged with other currencies, but do not have any inherent value on their own. If most people and business organizations stopped accepting bitcoins, the “bubble” would burst, leading to a fall in the bitcoin price.

Reason is simple, when our government looks at bitcoins, they are incapable of tracing any person or company holding responsibility for Bitcoin not only in their jurisdiction, but in the entire planet!Governments are not able to tract payments in bitcoins as anybody with out a proper identification can open up an account and make the transaction. Even though exchanges are collecting KFC from their customers, it is possible to do transactions with out using ID card issued by .it becomes very much difficult for governments to audit transactions, and perform their obligations .

By now you can probably see that the answer isn’t that simple. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, start by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through this forum.

The existence of cryptocurrencies makes it possible to give every citizen in the world a stack of gold. The currency thus given out will not be valuable by itself – not at first. Time will have to pass in order for scarcity to change the value of the currencies. Nor will every currency succeed in making impoverished people wealthy.

Bitcoin’s price has risen stratospherically, a fact that leaves many minor players in the market with massive gains and many bigger players millionaires. First we must understand what drives bitcoin price and, in particular, this boom. The common understanding for current growth leads us back to institutional investors preparing for the forthcoming BTC futures exchanges.