Show Posts
|
Pages: [1] 2 3 4 5 »
|
IMO Bitcoin is not going to completely replace banking but rather be a option for people to use in the future. eg, at checkouts you will have the option to use bitcoin along with cash, credit card, debit card etc.
|
|
|
Yes satoshi founded this forum and used it before he went inactive in the community
|
|
|
The fee is slightly on the low side and there are currently quite a lot of unconfirmed transactions in the mempool right now. Just wait, the transaction will go through eventually.
|
|
|
Bitcoin is permission-less, so by it's design anyone can copy and hardfork it. Anyone can make a "bitcoin dog" or whatever anytime. The question is whether you can rally a community around your hardfork so the coin actually has value, this is much harder to do. I imagine in the future crappy hardforks will be harder and harder to pull off as people start to see they have no real value. Right now there is a tendency for people to see it has free money which gives the new coin some value.
|
|
|
People are only buying now so they can get the forked coins. After the fork the price will go down by quite a bit, then it will be a good time to buy
|
|
|
There has always been a idealistic thought that bitcoin will be useful to unbanked people. I don't think that is possible yet due to fees and usability. In the future with lightning network and better wallets, maybe. But we still have a long way to go.
|
|
|
I would say bitcoin. The important thing is to buy small amounts at a time spread over a period of time. eg around $1000 a day. Bitcoin is at all time highs, personally I would average in to reduce risk.
|
|
|
Russia seems to be really upping their game in the crypto field. Very good for bitcoin decentralization.
|
|
|
Makes sense that governments will try to replicate crypto currencies in the fiat system. I imagine all currencies being digitized in the future with bitcoin being one of the options that people can choose to use.
|
|
|
It is possible a future of fork will take over bitcoin but these upcoming forks will not.
|
|
|
Some people love the free money, but it seems really bad for Bitcoin long-term.
It should not affect bitcoin long term at all. It will just cause short term price swings because the market must price the new coins.
|
|
|
You need to use a wallet that lets you manually set the transaction fee. If your transaction is not urgent you can set a very low fee and it will still confirm after a while.
|
|
|
These forks will have to stop at some point when everyone realizes they are worthless. Until then use it as a free dividend to accumulate more bitcoin
|
|
|
So sorry for your loss. Thanks for sharing your story
|
|
|
There is no chance that government backed money will disappear. They simply have too much institutional support that bitcoin cannot match.
The end game for bitcoin is to be a competitor to traditional money and offer a choice for people to use a decentralized censorship resistant money.
|
|
|
Bitcoin won't go up forever. By it's own definition that it is a currency, the end game is for bitcoin to have a stable price once adoption reaches equilibrium. It could be a very high price but not a forever rising price. No point predicting what it will be, pretty much impossible to predict.
|
|
|
Don't worry about the fork. You will get some free coins to increase your bitcoin holdings.
|
|
|
People say bitcoin is gambling because it is a speculative asset. Be honest with yourself, most new people here got into bitcoin to make a quick buck, they don't believe in the technology, they are not here for a long term and will be selling if bitcoin drops more than 50%. Bitcoin is gambling if you are speculating on short term profits
|
|
|
If you have a record of where the money comes from you will be fine. Make sure you understand the tax implications of cashing out bitcoin, best talk to an accountant beforehand.
|
|
|
Any information to verify this statement.
" Those holding BTC during the fork (from Oct 25th to Nov 1st) will be eligible for free BitcoinGold."
Thanks
Yes this is true. A fork by definition means you will get the same balance of bitcoin gold in your existing bitcoin addresses.
|
|
|
|