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Nope. Many people in other parts of the world are very poor. Some don't even have money in the bank nor access to internet connection. However, it seems to be possible in First World countries.
We would always be divided by the fact that there are places where Internet is not used at all. There are places where there are no mobiles at all and people have chosen to remain primitive. This is not questionable at all since there are tribes that really respect their beliefs and even with the modern world outside of their tribe, they will choose to continue to be like that. It's not as if they have no idea of what's going on in this world, it's just that they love their traditional ways so much that they don't want to change it at all. They are passing the tradition from generation to another and so on with hopes that the tribe will continue to live for long. I think the question here only applies to the part of the world where it is developing in technology. Like, in the cities and towns where innovation is actually embraced. It's possible for a country to change its culture about the payment method that they are using but it's also possible for other countries to NOT be able to change it even though they would want to. This is why digital currencies will be used so much in other places, seldom in some places, and not at all at some places. Which means digital currency will never replace paper money, at least not in our lifetime. |
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Everyone is talking many about altcoins but i dont have an idea about what is the altcoin.can someone explain me about altcoin
Technically speaking, "altcoin" is the short term of Alternative "alt" and "Coin" which declares the currency itself. Users use Altcoin as alternative for Bitcoin digital currency to carry out cheap and efficient way transactions. Also mining is one of the reason why users use Altcoin. There is a lot of cryptocurrencies invented as of now but this one is trusted because for me this is the closest competitor of Bitcoin i dare say. |
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Bitcoin is a digital currency that runs on blockchain network controlled by the people.
Real money is currency issued and controlled by the banks and government with no privacy whatsoever.
That is the reason Bitcoin made a lot of the developers and the rich interested it. They like to using a currency can provide them all privacy, permission. They do not need to depend on the government and scare the government pay attention in their amount. Fiat money is manipulated by the banks and governments that's why it will cost you some taxes. Also the Bitcoin is a digital currency which makes the p2p deals more easier and fast. Also Bitcoin has a lot of advantage compared to he physical money. The less labor, endurance, accuracy and the time. |
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I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?
If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?
Go ahead and try so you would know. Using Bitcoins means stepping up your game. The Bitcoin digital currency fluctuates a lot and that could be an advantage. However, everyone uses bitcoin for investing money and buying stocks because of its payment system that is really fast compared to the traditional banks. |
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Most people now with the rise of bitcoin value, just want to hold bitcoin for as long as they can so that they can maximize their worth. But isn't it a little too greedy to just keep holding bitcoin?
We've all read that story in the school with the moral "Greed is a Curse".
So what if too much greed in bitcoin may backfire? What if, the holders end up with nothing?
Technically speaking, Bitcoins has no security if they rise or they drop because it's a decentralized digital currency. Holding a Bitcoin is like betting from a game because you will never know if you will win or lose. If they keep bitcoins it's just mean that they have hopes that Bitcoin could rise it's value and yes, they already accepted the fact that they could even lose and the high risk is there. So i don't think it's being greedy, it is being risky and hopeful. |
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Bitcoin prise is increasing incredibly and sometime it's dumping also. But I don't know why , I don't feel good. When wil be bitcoin price stable? Any idea guys? Sorry for my poor english, I am trying to improve it  Thank You. Cryotocurrencies usually fluctuates a lot and sometimes dump. The stability of the price has the least chances. I could not see Bitcoin being a price stable currency. There ain't no price stability when it comes to currency field as well cause every digits does count and it is considered as non stability. |
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Which one suits you the most?
Blockchain is one of the most preferred wallet compared to the rest. But me as a Filipino, i use coins.ph since that is the most trusted wallet platform ever founded in our country. You should look for your country based wallet too and it could possibly be your most suitable wallet. |
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Exchanges overloaded. DDoS attacks. Huge price spikes, flash crashes, and order cancellations. Over 200k transactions queued, some for more than 24 hours, in the mempool – despite paying high fees. Just another crazy day in bitcoin, a land where every day seems to be wilder than the last, including higher highs, bigger swings, and record-breaking numbers across the board.
You know what's the best thing to do at this moment? Take the most optimistic approach you could ever imagine and just stay updated . Bitcoin is a decentralized digital currency so what do you expect? You could also consider those as success though it seems so bad. But for me, Being attacked by DDos, huge price spikes and order cancellations are the signs that this platform is getting larger and more powerful and we are in the right track. |
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I have been investing in a bunch of different coins for a while now, mainly BTC, ETH, LTC, and some other lesser-known coins. I have a lot of different coins in my portfolio to stabilize/reduce risk.
I love the gains that these coins provide. I never panic-sell, and always hodl and buy low. That has been my simple strategy.
However, I have a problem - how do I train myself to know when to cash out?
For instance, last night the BTC price was high (18K), and ETH/LTC price were low.
I could have cashed out then, and invested in ETH/LTC, which are seeing a nice pump now.
How do you know when to cash out??
Right now the only time I cash out is when I need to money to buy a gift or something.
The the best to time to cash out is anytime. Just make sure that you will at least save some of it and do not cash-out all of your coins. You should always aim for profit and keep you capital inside the platform. The Bitcoin is really hard to predict so you should be tricky to take the advantage. Keep at least 10% of your investments inside of the platform so that, you still have the last card.  |
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So I've been watching the market for a while and keenly watching for about 4 months, what is driving this massive price spike in your opinion? Are you expecting the price to drop dramatically soon? Then another rise? Or are you expecting it to continue this sharp rise for the next month or two? I'm interested also in BCH too, same questions The thing that drives the Bitcoin are the forks. I'm looking forward to witness how the Bitcoin reach the $50,000 rate in the near future. I can't wait to see how Bitcoin conquers the Currency field. But take note of this, Bitcoin could also drop unexpectedly because of the unnecessary circumstances so be careful still. There ain't no security from the price but the market would go boom in the near future i believe. |
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Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...
What's your take on this, should I go ahead and quit?
Thanks
You still need your monthly income even though the tradings are very lucrative. At some point you could still use the money you earn from your present job for your daily expenses. All you need now is time management. Start managing your time as much as balanced. Stop doing some unnecessary deeds and invest more time exploring the Bitcoin related businesses. However, you should keep your job because you will be needing the benefits of it from the future. |
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Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
If I own a bank, I will be issuing the same warning. It is obvious because crypto currencies or digital currencies that we know of don't need banks, we can save them without their help. When you think of it, if bitcoin, for example become stable, they will be using it for sure, so the money that is entering the banks will stop because as I said, digital currencies can be saved without banks. It's just that, the cryptocurrencies are quiet riskier than the fiat. They don't want everyone to get involved because they know that not everyone could take that risk and they don't even know that it is really risky. The banks should not be afraid of Bitcoin and so are the people who are involve. Since the bitcoin opened it's gate, there were a lot of risk waiting inside of it. For example are the site where you could invest bitcoin and they could be able to run with your money without you noticing it. It is because the safety is not there. It's like a bet sometimes, specially when you are new. But once the wise man said, the more riskier you are, the more chance you learn and be a superior. |
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What would you do when you're talking to someone but then he suddenly talks about his hatred on Bitcoin, what would you react to it?
I've never actually experienced anything like this before, I just want to be prepared when it happened to me.
First of all, it is not your loss that their mind is not open for this new platform. Second, You don't need to discuss Bitcoins specially if they don't want to listen to you. And the last one is, they hate Bitcoin because this is a new platform to adapt and it's hard for them to understand what is in this platform. They are not yet educated about Bitcoin so they started hating it. If i were you, i wont discuss Bitcoin because it's just a waste of time specially when your mate doesn't really interested to listen. |
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Bitcoin prices have risen so dramatically lately.
In this situation, I expect to be able to purchase a bit coin, and I think the price will drop soon.
Rise and fall are always the advantage. The Bitcoin could possibly hit at least 10x higher in the near future. If i were you, if you have the guts to buy and you have the interest and the willingness why not buy? Do not listen into negative sides and always look for the brighter sides. It could rise and you would regret, it could drop and at least you have tried. You could even put at least 5% of your savings then go ahead and study more about the deals which are related on this platform. Just remember and be careful about the pros and cons. |
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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 got introduced by my friend in the Bitcoin from its early years and i did not totally believe about the potential of this Currency. My friend was so obsessed from this Currency and i remember him mining very little amount of satoshis online. I never thought that this currency would grow from $300 to $9,000 and it makes me feel bad. |
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Hi guys May I know what are your plans on your Bitcoin in the future? Do you plan to keep on investing on Bitcoin related businesses or do plan to convert it into fiat and ventures on new business? I'm planning to invest more on Bitcoin related companies and convert some of my Bitcoin into fiat and invest it on our local stock market. How about you? There's no much places to invest, also we can see a lot of scams related to bitcoin. My plan is use it as a currency, not an investment, just spend some coins here and there and that's it. I'm also planning to invest more on Bitcoin related companies. It is really great discovering an immature currency and witness it growing! Once i get my target profit, i would start my own business outside the platform because that was i really wanted to do so. However, i would also keep some of my investments,invest more and consider bitcoin as one of my passive income source. |
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Hey guys. I was asking my self "Should I buy Bitcoin now? What if it's gonna go down after I buy?". What do you think? Should I buy or wait?
I don't see any problem buying bitcoins as bitcoin costs $17,000 at the moment. There is a possibility for it to rise twice or higher in the next years. However, if the bitcoin drops it is your advantage to keep your money in and invest. Go ahead and buy more if you are really interested or willing take the risks and you have that what they call business men's mindset.   |
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We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model. How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?  And how do you see it's future? Bitcoins payment system is one of the best payment system because having a transaction using bitcoin is way easier than the paper moneys. However, bitcoins also have cons and pros to be monitored too and that could be the main matter that i see in the near future. It could also let the individuals around the world to trade and have deals easily as it is compared to the actual money that we use. I see the future bitcoin as one of the most used currency in the future but, it wont replace the paper money. |
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I see alot of people are holding Bitcoins and are convinced that their coins would multiply in value. The same people preach the Bitcoin ideology that its P2P, decentralised, low to nil send or receive etc.
However, only a small group of people today are using Bitcoins as they were intended. And the fees are not exactly cheap to buy Bitcoins, not to mention those exchange places are basically like banks.
So my question is, are you a True believer of Bitcoins and other Cryptocurrencies that it will one day replace paper money, decentralised and all. Or are you only a believer that the price will continue to climb and you'll one day be a millionaire?
I simply find it fascinating that its apparent, people are preaching the benefits of Bitcoins but they are not using them. Preaching to newbies and drive up the demand and prices of the coins.
Rather, I would love to see people who really believe in Bitcoins, actually going out there and using the coins to purchase products, send/receive coins and let the coins circulate around. I would love to see that day. When the prices are not so volatile, and the coins are being used as they were intended. However, not being volatile also means the prices would rise sharply like it has been this year, which also means you wont be a millionaire holding onto them coins.
So are you a True Believer?
I am a true believer which i believe that one day, Bitcoins and other Cryptocurrencies could replace the paper money in specific deals and markets. But as a cryptocurrency believer, i think that it could be a disaster if the paper money will not be used. Paper money should always be there to balance everything about money. |
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It seems like the bitcoin itself reached your expectations. As of now, the bitcoin costs 17111.42 US Dollar! We are looking forward and we also want to witness how bitcoin reaches the $20,000 price before the 2017 ends.  |
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