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What i like about bitcoin is that it is unstable. Because if the value drops i am able to buy bitcoins and sell them again at a high price.
This is why i like bitcoin so much and will keep investing it it because there is a lot of money to make.
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I sell bitcoins because bitcoin will give me money but if you hold bitcoins for to long and be to greedy you will lose your money so that is why you should sell your bitcoins at the right time and place so you can sell the bitcoins for a better future and to not be homeless.
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I recently paid for some local tacos using Bitcoin. My friend who was unfamilar with Bitcoin thought it was strange, like I technically didn't pay for them or something. We got into discussing Bitcoin and one of the questions he asked me was:
"Why would you want Bitcoins instead of cash?". For a second I didn't know what to say; then I thought about it and here is what I came up with. Feel free to contribute to this.
1) More security (especially if you are careful).
2) Bitcoins are a potential investment, cash is not. Paper currency only really goes down in value, Bitcoins have a lot of potential to be worth more as time goes on.
3) Fast, worldwide transactions at your fingertips.
4) Similar to #3, but it's a universal currency. It's legal in most countries of the world and you don't need any kind of currency conversion to send money to people in a different country than your own.
Bitcoin is decentralized. No one controls it, there is no middle men like banks. Banks usually takes away a small percentage in every transactions plus a certain delay of the process. While bitcoin transaction is fast, easy, secure, and theres no need for verification, not even your identity will be exposed. Btc and Cash has its different advantages and disadvantages. Now, It depends on the weigh of the transaction or how much monetary value is involved on wether what to use. If youre in the foreign country I prefer to use Bitcoin to avoid currency exchange fees and other risks of lossing some of your fiat. Simple because bitcoin will earn you a lot of money by just waiting a few months. Because the value of btc is unstable it is very risky to buy it but when you make a lot of profit with it you will think it is worth the riskyness. And cash won't make you any money. |
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I think that bitcoin will never replace the current currency because bitcoin is going up and down in value and people are only using bitcoin to make money for themselves not to actually buy anything with it.
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People scam because it is way easier and faster way to get money i would say it is as easy as it could be you can just put up a fake website and a fake ico and if people believe in it you will get a lot of money that is one of the biggest scams.
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My biggest regret is when I got introduced to this back in 2012, I tried to buy £200 worth, the platform was down and I never bothered, just recently woke up to it again at over £4k per coin, it is a physiological thing where I don't want to buy at that price.
I agree with you that is the same regret i have except i started with bitcoin 2 months ago and like 4 weeks ago it was at a price of 3.2k and i did not buy it now it is at 6k i should have bought it because my friend did and already has 200% profit. My biggest regret is that i don't believed or have faith on bitcoin last couple of years ago when the bitcoin value is 38,000 php. To see today its value is 220000 php now. I thought that time bitcoin is scam cause theres alot of faucet and captcha site . I should had invested in bitcoin earlier I would be millionaire now. Sad life .  Maybe the biggest regret or mistake for me about bitcoin is that I haven't had the chance to start as early as I can at bitcoin especially when prices back then was low enough that I can afford. I haven't had the chance to experience having the great value of btc stored in my wallet. But now that im into bitcoin I won't let chances passby. |
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Yes bitcoin will be used by the most of us not everyone because it is used by a total of 4% of the population right now and i do not think that after 4 years that number can be 100% that would be magic and not reliable.
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That is a smart idea i am also doing that because this way you can leave them a lot of money behind and they can use in the future when it maybe is worth a lot more they will be happy that you gave them this is a very good idea.
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It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
I believe that most people of the world will use it because of its better to transact than fiat. Like we can directly use worldwide trading. But I am not sure if what the market will be in the future. We never know about that but i'm pretty sure more people will use bitcoin and bitcoin become more popular in 2022. If we talk about everyone use bitcoin in 2022, it's possible but i'm not sure about that. There are still many people in this world that don't know about bitcoins. Just see the price of Bitcoin at now, you can know we have not much Bitcoin user. The world have 7 trillion population, but total supply coin of Bitcoin is just 21 million coins, but this is the max supply and we still need a long time to mining all that amount. I agree with you but there are still options that most of the people in the world will use bitcoin because the max supply is 21 million coins but not everyone has 1 coin and the people who are using bitcoin now are very few. Most of the people will use it i think, but not everyone. They still trust their currency's. Nowadays not every people are using bitcoin. Some people have less bitcoins. If everyone will use bitcoin. Bitcoin would gain in price, but it would get hard to get coins. At present, there is only 1% of the population of the entire world which knows about bitcoin. Still there are so many people who are unaware of even the word bitcoin. In the coming days, there will be so many people who will be knowing about bitcoin but still there will so many others as well, who will be unaware of this thing even by the end of 2022. It will take lot of time for this world to know about bitcoin. Yes, we are very low in number but has been contributing to an billion dollar valued asset. Currently we're to the maximum of 2-3% in the population is aware of bitcoin as well other digital currencies. This will increase as more news regarding digital growth keeps coming through news portals. By 2022 the price will be much higher as we'll be crossing one more halving, in terms of user base we might reach around 5-8% of the population. 5-8%? i think that is too little to think about i would say it can become 20% around 2022 because a lot of new people are starting and i am not talking about the bots or the multiple accounts but i am talking about actual new people who find it interesting to use and invest in bitcoin. |
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I agree with you because everything healthy is so expensive and i work for pizza hut they do not pay me a lot that is why i tried bitcoin to earn what i actually need to survive for because the rich people here always can get this.
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People should use bitcoins because its a future of money and it will reach to that level where we cannot imagine so if you are into bitcoin at this stage then you should consider yourself very lucky as not many people are aware about it at a moment and when it will become more popular in future you would be already holding a great amount of bitcoins.
People like us who started doing bitcoin earlier can be considered lucky because we opened our mind to a great opportunity. And we can keep our earned or bought bitcoin so that it will have a greater value in the future as more and more people are starting to know about bitcoin. early adopters of bitcoin are really lucky but we cannot say ourselves lucky. because we adopted bitcoin very late. I myself adopted bitcoin at starting of 2014. lucky people are those who adopted bitcoin back in 2010. but yeah. we are still luckier than those who still don't know about bitcoin. We are also lucky because we have joined bitcoin in the time when it is still in the progress of price increase and the base of it is now more stronger so we can invest in it without any worry and we can keep our money for longer time in it and in the future the price will be more higher. Thats true we are so glad that they have bitcoin that we use for incase of we have to buy something, Im so glad that i know how to bitcoin and we hope bitcoin will not gone. I agree with you i personally think that people should use bitcoin because of the fact that it can make your financial life very stable and i think that is what we all want. |
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Some altcoins are worth holding 3 years i know a friend he was holding a coin for 2 or 3 years. He made a massive amount of money out of it. So it is worth to hold and not to sell them quickly.
I am now also holding altcoins, but i did convert them to Bitcoin. I am now beginning to collect more altcoins.
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In 5 years time Bitcoin will be very high price and everyone will know this market. I think Bitcoin is a good platform for investors because this market is profitable and has very little investment risk.
I hope also that the price will be very high in 5 years so i can make my profit, but i know it already bitcoin will surely break the limit of 5000 dollars and it will go to 10k. I think also that bitcoin will be used by more people so it would be more popular in the world. |
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If you think you have a lot of bitcoins already you should stop with buying. Buy other things like games something like that. Enjoy your life and think deeply why you are here.
You can also invest in altcoins some coins are scam coins so beware of it. Some coins has the potential to grow.
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You actually are really stupid to do that you don't need to believe everything and do that but why did your grandma accept that? how much did you invest? do you actually know something about bitcoin? i don't think so kid start regretting it.
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