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1  Bitcoin / Bitcoin Discussion / Re: Is this real? on: March 12, 2018, 11:21:52 AM
This is a classic example on how a few ruin it for everyone. Just because there are a few Muslims that are terrorists , doesn't mean every Muslim is or something similar. You are generalising too much about this small threat. There amount of people doing this is just a drop in the ocean and honestly aren't too much of a threat. There's no reason to ban bitcoin, there is however a reason to stay cautious of links and the like.
2  Economy / Speculation / Re: The real problem of bitcoin price decline on: March 12, 2018, 11:07:43 AM
Honestly I think the real problem was the insanely high amount of investors during 2017. Before this the price of bitcoin was steadily rising and then the price spike hit and the demand went through the roof. Now the price of bitcoin is overvalued compared to what it would have grown to when tracing the trendline from before this. Honestly, the bubble has burst and the price is now slowly correcting.
3  Economy / Trading Discussion / Re: Long term vs. short term investing on: February 21, 2018, 11:56:52 AM
Long term investing in bitcoin is sort of like buying then forgetting about it. You don't need to constantly check the price and worry about it dropping. It's much more relaxing compared to investing short term. If you're willing to go in for the long term then the long term investing is always better, but if you want some quick money short term is the way to go.
4  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin Really End World Poverty? on: February 21, 2018, 11:43:54 AM
This article is clearly just Forbes trying to grab attention. It's just another form of money and how does that help end world poverty. Its not like people in poorer countries can just acquire bitcoin to make themselves rich. It doesn't work like that.
5  Economy / Speculation / Re: Are you buying bitcoin now? on: February 14, 2018, 09:56:04 AM
It's a bit too risky right now. I mean bitcoon is always risky but this time the market seems more unpredictable than normal. You can do what you believe but im not willing to go into bitcoin.
6  Bitcoin / Bitcoin Discussion / Re: ~BTC in Medical Industry on: January 28, 2018, 04:43:16 AM
Of course it's possible but the question is when. Since a lot of hospitals are run by the government it isn't likely that bitcoin will be accepted by hospitals anytime soon. So we just have to hope.
7  Bitcoin / Bitcoin Discussion / Re: You can actually buy a lot of things with Bitcoin on: January 28, 2018, 04:35:15 AM
This is good because it would actually push bitcoin away from being an asset to a currency. The more people that accept bitcoin the more people are likely to use it.
8  Bitcoin / Bitcoin Discussion / Re: 50 Cent Forgets He Accepted Bitcoin for Album, Finds $7 Million Pile of Bitcoin on: January 26, 2018, 01:08:49 PM
Think he just took the bitcoin as a joke or something but now is probably laughing with his $7 million. Pretty lucky to be honest though. If he hadn't taken that bitcoin he would still be relatively wealthy though. But it is nice to see bitcoin give someone a "blessing" of some sort.
9  Economy / Speculation / Re: Bitcoin = $1 Million by 2020 on: December 07, 2017, 01:04:35 AM
Bitcoin reaching $1 million sounds like a bit of a stretch. In just 2 years reaching $1 million from $14k sounds way too unrealistic. I feel like the only way it may reach $1 million is if the majority of the population joins in on bitcoin. But bitcoin itself deters people because of how volatile it is. It'll only reach $1 million under the most specific of circumstances.
10  Bitcoin / Bitcoin Discussion / Re: Bitcoin, is it really just a bubble? on: December 05, 2017, 12:17:47 PM
I feel as if it will pop soon. The public will soon get used to the high price of bitcoin and no longer care about it too much. This is when demand of bitcoin will drop and so will the price. A lot of people were excited when bitcoin hit 10k as it goes on people will forget about it as it seems too hard to get into as an investment. But the way bitcoin was designed in order to handle with inflation is very smart and might be able to counteract the possibility of the market crashing. All I can say is that bitcoin is very likely to pop as the public loses interest but nothing is for sure.
11  Bitcoin / Bitcoin Discussion / Re: Difference between Bitcoin and real money? on: December 05, 2017, 12:09:50 PM
Bitcoin is an investment type. Converting your money to bitcoin is investing into bitcoin. It would do you better to think of bitcoin as an investment over currency because that's what many people see it as. Using bitcoin to buy physical objects is still very hard to do. Your real investments are worth money that you can sell for, which is the exact same as bitcoin. It's just that bitcoin was first conceived of as a currency type.
12  Economy / Speculation / Re: Bit coin hit 25000 USD on: November 27, 2017, 06:10:59 AM
It's almost hit $10 000 already. This growth however is down to the enthusiasm of the population. If people stop caring about bitcoin then the price will stagnate and stop rising, but at this rate it will hit $25000 by the end of 2018. This is not definite however and I believe that the growth will slow down.
13  Bitcoin / Bitcoin Discussion / Re: Do you USE your BTC? on: November 17, 2017, 10:45:48 AM
I just use BTC as an investment. I don't really see the point in using a currency that can rise up so fast. It's like missing out of potential profit. Pretty sure a lot of people use bitcoin though, but it isn't very widely accepted yet. A lot of people probably hoard it like me as well, hoping to make a profit.
14  Bitcoin / Bitcoin Discussion / Re: How to buy and keep purchased coins safe even if you know your PC is hacked? on: November 15, 2017, 06:06:35 AM
Why would you even consider buying a "substantial amount" of bitcoins when you know that your computer is compromised?  Doing this is just asking someone to steal your coins. Doing a clean wipe or re-installing your OS is probably the best way of being sure that you will keep your coins. Buying a paper or hardware wallet is probably recommended as it offers more security.
15  Other / Off-topic / Re: Bitcoin is not gambling on: November 15, 2017, 05:56:24 AM
How would investing or buying any currency be considered gambling. It's similar to buying a high risk investment, the price fluctuates a lot but even so it cannot be considered gambling because it's a calculated risk most of the time. Gambling is just throwing your money away whereas this is investing. It's completely different.
16  Bitcoin / Bitcoin Discussion / Re: BTC Mining vs Buying on: November 13, 2017, 01:26:19 PM
Honestly mining as of right now is not worth the investment. For the general consumer mining is too much of an investment with too little return. The amount of profit you get from mining compared to the time you spend and the amount of money you need to generate a return is simply unreasonable. The only time where mining will be better than buying is if you are part of a company or group that was made to specifically mine bitcoins. This way you get the best hardware and therefore the most profit.
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