First and foremost governments worldwide have different perspectives or views toward any issues, in this aspect the bitcoin-- if and only we only have government that we belong to a single unified country that would be not impossible. Bitcoin is a form of CURRENCY that can be used to pay for things, properties or services, if they categorically say that then we could also push to say that other currency could be illegal-- just like Dollar or Yen for that matter. it doesn't mean that if something is different its already illegal, people or government need to study it first to take advantage of the situation. Tax can be impose, if they regulate it.
Exactly. Bitcoin's nature being decentralized makes it very difficult to regulate and the identity of the trader is anonymous, making it the perfect transaction medium under the dark web for illegal trading, buying, or selling of drugs and other stuff. Like you said, bitcoin right now is being treated as another currency since it holds a huge amount of monetary value and the government needs to impose tax in order to gain profit from it. Lastly, here in my country the BSP (central bank) sees bitcoin as property and not money, therefore it is not subject to legal tender. |
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As worldwide cryptocurrency and digital payment system is on the rise, i just want to ask about the pros and cons of bitcoins for consumers and businessmen.
On the side of consumers, what is also the difference of using bitcoins than credit cards?
Here are some of the pros and cons of bitcoin on the perception as a businessman: Pros: - The volatility of bitcoin's price gives the perfect opportunity to invest money on yielding profit in a short amount of time - Fast transaction and provides anonymity - The convenience it provides into earning bitcoins due to dozens of methods given on this forum (i.e. campaign signatures, services, and trading) Cons: - Investing into bitcoin involves risk that may potentially decrease/increase your profit - There are only 8-10 million bitcoins left to be mined out and law of supply and demand will determine its price on the future - Some countries ban the usage of bitcoins - The increase in the price of bitcoin is directly proportional to the transaction fees being paid by the individual |
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Hi guys and girls. What do you think will they ever make BTC connected with our mobile numbers (so we could pay with it)?  In my opinion no. Bitcoin's nature being decentralized makes it very difficult to be regulated and traced by everyone by considering it, it would be impossible to connect it with mobile numbers. Not to mention, there are already wallets that support different options of withdrawing or converting bitcoins to fiat and connecting it to our mobile number in my opinion is useless or irrelevant. Lastly, this destroys the purpose of bitcoin being untraceable from person-to-person and I speculate that if that happens, prices would probably decrease. |
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So I've been involved in Bitcoin and crypto for about 5 months now and just about everyone I tell about it being friends and family most have never heard of it or the few that have they have no understanding of it so I was just curious into how others explain it all to total newcomers is their a webpage or video you may show for an easy understanding to explain it all ? Whenever I give my explanation it seems to go way over their head  Cheers I'll be saying them the things that my friend told me when he invited me to join and invest bitcoin. First, I'll be saying that he/she can earn money in this forum through joining various campaign signatures and from there, I'll be explaining the origin and nature of bitcoin. It is essential to explain that there are various ways of earning money without sacrificing too much of their time. But to explain bitcoin, I'll be saying that it is a cryptocurrency and just like gold, it only has a limited number of supply in the market and that factor determines its price. |
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So.... how much have you win or loss gambling ?? And what did you stake ?
I've lost about $60 so far but im planning to win it back. Pigs get fat and hogs get slaughtered.
A saying well said, however i still need to learn it since my greed is my downfall. Guys and girls
how much money have you made or lost gambling ? Any pointers or warnings ?
Before when I still used to gamble, I lost an estimated amount of like $50 on my account on a game due to gambling. Before I lost, I was on a winning streak and winning around $5-10 per game but in the end, my greed reigned and exhausted all of my resources unconsciously. My learning lesson after that experience is to know WHEN YOU MUST STOP GAMBLING. We all know the feeling of winning but this creates an endless illusion of just gambling due to the mindset of winning. Learning when to stop even it times of losing can actually lower the risk of losing all of your money. |
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Bitcoin has become the world most valuable asset and the value keeps going higher! Why not we should focus on saving more bitcoins than selling our last remaining bitcoins? I read and hear from a lot of guys owning bitcoin saying, should I sell my bitcoins? The issues is, if you sell all your bitcoins when are you going to buy at lower price? There's no guarantee when exactly bitcoin price will surely come down. Share your thoughts about what you think guys.  We all know that bitcoin's nature is decentralized and its price is highly volatile. You may be right that there is guarantee about its price increasing or decreasing but by just looking at the price history, once can infer that there has been a constant increase of its price in the last month. Last July 2017, the price of bitcoins significantly decreased and fell down to at least $2000-2300 but after the fork it skyrocketed now to an estimated amount of $4000-4200. We all have our uses for bitcoin and some use it for emergency purposes (like me) but you waste the opportunity of your bitcoin prices increasing through time by just holding it. I know a lot of people who invested into bitcoin last 2015 and they just waited for the price to increase. Just use your bitcoins anytime that you want, or when the need arises for you to use it and convert it to fiat. |
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I am asking this just to see the different opinions of Bitcoin community about its long term potential
I know Bitcoin is actually strong enough and stable as well
But what do you think about it after 100 years ?
Well I know this is a weak comparison but gold has been around since time immemorial. The factor on why gold still exists is because its supply is being regulated around the world. Gold reserves are the determining factor on each country's economic status but the fact still remains that they still exists. Going back to bitcoin, currently there are 21 million bitcoins in existence and only 8-10 million remaining left to be mined out. Let's say that all bitcoins now are mined, the price will skyrocket and the person who has the most bitcoins can manipulate the price by limiting the supply. I speculate that bitcoin may not survive beyond 100 years due to lack of regulation and another cryptocurrency may rise that replaces bitcoin. |
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I know that for some of you, you can withdraw it directly to your bank account using wallets like coinbase but this feature is not available for many countries.
Since its not available in my country too I always withdraw my bitcoins from my address to payza then from payza to payoneer (by using exchangers).
How do you guys withdraw your btc?
In our country we have bitcoin ATM but its so far from my home. Thats why I choose to cash out my bitcoin through the apps they called coins.ph there lots of way to cash out using that. I cash out to Bank, for pick up (remittances branch) or cardlless atm(eGifts). where did you find that bitcoin atm? I'm just curious since I'm also using coins.ph and I'm cashing out my btc in so many different ways which the features of this bitcoin exchange with your replied I got curious to find that bitcoin atm hope you can give some info. Same here bro! Fortunately, coins.ph offers a wide range of options for us to withdraw/utilize our bitcoins or to even convert it to fiat. There are options like online bank transfer, cardless ATM, pick-up via stores, and even door-to-door deliveries. It really depends on what wallet the user is using but I really do suggest that they use the wallet that is common in their country to avoid any future problems. |
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I am just wondering if you still would gamble if you would have enough money? I mean, now as it is, do you gamble for the fun or for the profit?
I know some people gamble because they see it as a means of earning profit, but some also gamble because they treat as leisure or enjoyment for their satisfaction. If money would not be a problem, I would not still gamble because it may eat too much of my time and attention instead of just doing things productively. Don't get me wrong, the perception of gambling towards other people may be subjective but I rather focus on something that will yield me more profit in the future instead of potentially risking all of my money due to addiction. |
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I hear many saying they don't mess with altcoins...how do you make money with btc?
Just buy the dips, sell for usd (or other fiat), then buy back in...rinse and repeat?
I'm not talking about long term holding but about how to build up your bitcoin without touching alts.
Thanks
There are several methods here on this forum for you to earn bitcoins and cash. Here are some methods (from highest to lowest) that I think is very convenient in earning bitcoins: 1. Joining campaign signatures 2. Investing 3. Trading 4. Mining 5. Faucets 6. Gambling In my opinion, joining campaign signatures are the most reliable and convenient way of earning bitcoins IF you are still a beginner or you still do not have any btcs to start investing. The pay is also reliable and trusted but the only hindrance that you might encounter is the qualified rank for these campaigns. Most of it accept "Jr. Member" as the lowest qualified rank to participate. Once you earn enough bitcoin, you can start investing it or just by letting time do the work. Due to the nature of bitcoin being volatile, the price of it tomorrow might be higher compared today and investors are taking advantage of it. I put gambling on the last because this may either make or break your earnings depending on your LUCK or discipline. |
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This morning I was talking about this with a buddy of mine.
Right now we have miners all over the world trying to solve this exponentially hard algorithm to earn their bitcoins. That is their incentive and that is what drives them to do so.
What happens when we remove that incentive to "mine" aka "verify transactions" on the blockchain? What I'm basically asking is what happens when we hit 21,000,000 bitcoins from the perspective of the miners?
The law of demand and supply will answer your question in terms of the price. Assuming that every bitcoin is already mined, the supply now will be limited to the ones holding bitcoin and the person who has the most bitcoins might have the potential to control the price depending on his supply. Due to all of these factors, the price of bitcoins would significantly increase on the market and investing it would be the right choice. Though one disadvantage that it might result is the number of campaign signatures might decrease, or rather use another type of cryptocurrency as for their payment; but then again this is all speculation. |
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I was browsing youtube whole day and yesterday i came across this video " https://www.youtube.com/watch?v=_Zey5tjhIyU&t" This guy was trying to buy dog from the owners and most of them refused. Tell me what would you have done if someone has offered you 100,000$ worth in bitcoins would you sell your dog ? edit : sry for wrong link  it has been replaced by a sexy link As much as love my dog, if the opportunity opens for me to yield profit 10000x greater and faster, then I'll sell it to him in a heartbeat. Yes, many of you might find me absurd and wrong but the opportunity cost is too great for me to neglect. Having 100,000 bitcoins settles your life with all financial needs answered compared to your dog, which may be limited in terms of its life. |
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Bitcoin has become a new power in the world of money as we all know that all sides deal with it so it has to survive until it become the powerful source of life . So what it is difference between bitcoin and other cryptocurrencies? and why Bitcoin has become powerful among other currencies and cryptocurrencies ?
Firstly ,let us define bitcoin by defining cryptocurrency briefly then pass to make a contrasts between Bitcoin ,Dogecoin and litecoin .
We hear always that bitcoin is the money of the future .this expectation can be taken seriousely when we see bitcoin nowadays and how much transactions executed per day which is surprising . we can say that bitcoin is a cryptocurrency and cryptocurrency is a money which is not traditional rather it is digital or numerical which works electronically ; the most common cryptocurrencies are Bitcoin , Dogecoin and litecoin and bitcoin has something special in contrast to others and this specialty is represented by the number of transcations made per day and its volume, so bitcoin and litecoin and dogecoin differ in their volumes which will interpret to us that bitcoin has power nowadays.
In fact bitcoin is increasing exponentially in volume and numbers of transactions which will get us to the hell of thinking that bitcoin may take the lead of other cryptocurrencies if we don't say that it will take the lead of traditional currencies.because it has power which can fortify its presence in today world.
Here are some reasons on why I bitcoin holds significant power in the society/economy: 1. Due to its volatility, investors are taking advantage of its price potentially increasing in a short amount of time; 2. It serves as an equalizer among the rich and the poor in terms of having the opportunity to earn bitcoin; 3. There is a constant increase of its price per day due to the bitcoins mined everyday; and 4. It is the reigning cryptocurrency in terms of price, popularity, and usage. There are several reasons that I did not mention on why bitcoin holds power but those are the notable reasons on why it provides so much influence in the economy. Not to mention, some countries ban the usage of bitcoin because it is the main currency used in the deep web for illegal transactions. |
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How a daily limit will prevent a gambler not to come back even he is losing every single bet ? Limiting gambling activity will be helpful only for the day as next day they will come with their limit reset.
The plans to prevent getting back to gambling must be approached in psychological way because it is very much similar to quitting gambling. When a gambler is not frequenting to come back then most probably he will get chances to leave off gambling completely.
Yes we have always the thinking that.we want to earn more than what we are expecting and in that way we are able to create our mind set that we need to keeps on gambling and come back to it frequently. It can be one of the reason and another one is the amount that we can get thru it .by playing it. Yeah its human nature to become greedy , Prople can't blame themselves , as gambling will hook you to be the person who looks so bad like greedy , I know its hard to reject the desire to not gamble again , Your brain always force you to play again due an addiction. If the reason why we come back is because of greediness then I am sure we will keep losing, when we are greedy we do not have a limit of winning and more more in losing as we never stop even if we are losing so hard as long as we still have the bankroll available to play. An addiction and greedy both is the perfect way to make you broke , So beware of that two , you will never have fun if you following it , I mean you should looking for a way to prevent you become greedy and addicted! The huge winning with simple way always make you hooked. Just don't get hooked and addicted to it. Usually people get addicted to things which they always do regularly - with gambling, when people loses quite some of money, the emotion is so strong to play again to chase that loses but actually most of the time ends up of losing more and more and in the process getting addicted to it. Well it is really not easy to eliminate one's addiction to gambling especially if he already considered it as part of his routine. The best advice that I could give to you now is to try stopping yourself slowly from gambling. It does not need to be in one day but you should try stopping at least per day. You also need to think about the long term effects of gambling and realize that it isn't worth to gamble in the long run. You'll just waste more money without even realizing it until you also affect your family or parents about it. Try keeping it together and do some things that may divert your attention to gambling. |
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If you were in desperate need for money / Bitcoins, what would you do? How to get it, earn it, whatw are your solutions and experiences? I wonder what people are ready to do when money is the problem.
The reason on why I joined this forum is for me to save money by investing using time. I heard from my friend that due to bitcoin's nature being decentralized, its price is highly volatile- meaning the value of it tomorrow might be higher compared today. That is when I realized that bitcoin is the perfect investment for short-term or long-term periods. In a matter of a month (comparing July and August btc prices), the prices of bitcoin almost increased up to 50% and this gained lots of revenue to people who held bitcoin on their wallets. |
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Not going to happen any time soon but eventually the difficulty will be so hard that it is no longer profitable. Even if technology advances to where it is what about when all 21 million are mined?
We have seen the slow down in transaction times recently when people pulled off to mine BCC.
I know there are transaction fees but they are not that lucrative. When the big boys pull out of mining and there lots more coins in circulation how will the network function? Will it be super slow or transaction fees ultra high to keep it going?
Again I don't see this as any immediate concern but what about in ten years?
Well that may be a problem in the future but as far as I know, there are like ~3-5 million bitcoins still left to mine. That will maybe take about 8 years estimated but if in the event that all of those coins are mined out, then the law of supply and demand will reign the price of bitcoin. This would likely result to a skyrocket in the price of the bitcoins, and that is why people need to start investing and saving these coins for long term investments. Don't get me wrong, we may have different uses for bitcoin but saving some wouldn't be probably bad. |
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Yahoo was the first (?) search engine at the time when Internet started. It was the pioneer in its field. In the late 90's its market cap reached to a high closed to $120B. Three and a half years after Yahoo started, Google came out and gradually took away market share from Yahoo.
After 22 years, Verizon bought it for $4.8B. Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?
What do you think? Please provide your reason(s) to support your view.
We may never know but anything is possible on the future. Right now, there are only 21 million bitcoins circulating around and that limits the life of bitcoins to its price. Since we know that bitcoin reigns as the number one cryptocurrency, we must take advantage of this opportunity to invest and earn to be ready when that time comes. We should be focusing first on increasing our profits rather than worrying in the future that may or may not happen anytime soon. |
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I like to think of Bitcoin as both; an asset and a currency. At the moment, the media is mostly right. Bitcoin does act like an asset; a very volatile asset I may mention. Bitcoin is not accepted as a payment is most stores. I guess Japan is the exception to that, but in Australia, Bitcoin is not highly utilised as payment. I cannot use Bitcoin as a payment method for most activities such as buying groceries and the like. The main reason for this is what I mentioned before. Bitcoin price is extremely volatile making it a very bad currency. Thus Bitcoin becomes more of a asset. However, I have to add that Bitcoin is still accepted by a few merchants. These few vendors are the entities who uphold Bitcoin as a currency. Otherwise, Bitcoin would be purely an asset like gold.
Just to add, bitcoin may be considered as an asset due to the long-term investments of its price by taking advantage of its volatility but it is more than just an asset. To give you an example, bitcoin provides windows of opportunity to people who are either employed, unemployed, underemployed, and even students due to the campaign signatures preset around the forum. Another thing, on some wallets there is an option for you to pay your monthly obligations using bitcoin and this provides convenience to all people who utilize this option. |
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For me, Bitcoin has many advantages, one advantage is it gives to the individual money to sustain the basic needs, It also reduce the increasing number of unemployed in some countries, The people who work in bitcoin develops the ability to reason out, enhanced the English proficiency, that's the some advantage of bitcoin.
Not to mention, the convenience it provides to all classes people around the world! Bitcoin also serves as an equalizer among the rich and the poor due to the equal opportunity for one to earn. What hinders bitcoin from growing is its nature, being decentralized and volatility resulting that the government can never control and regulate it. Another advantage of bitcoin for me is it eliminated the chance of me working part-time from a stressful job due to the campaign signature it provided. The pay is also decent and high depending on one's rank and that is why you need to be active on the forum in order to earn! |
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Why Should I Choose Bitcoin ??
It's the first question one should face while starting to deal in bitcoins and answer this will satisfies you to choose bitcoin over others. Some of the benefits that Bitcoin have over other includes :
1-Quick transactions – Bitcoin is transferred quickly over the Internet.
2-No expenses/low charges – Unlike credit cards, Bitcoin can be utilized for nothing or low costs.. This enhances revenues margins deals.
3-International installments – Bitcoin is used all over the globe; e-commerce sellers and service suppliers can easily agree to take international payments. Which uncovered new potential commercial centers for them.
4-Information is secure – As we have seen with late hacks on general retailers’ disbursement processing systems, the Internet is not generally a secure place for private information. With Bitcoin, clients don’t surrender private data.
5-Much More Easier – Bitcoin is Much more easier rather than we think.Means to say It’s Much more easier than transfering a Payment from bank account From bitcoin you can even transfer a Payment in few clicks even While listening songs.
-Hope this will help you in believing Bitcoins !
Indeed. Those reasons are really the main reasons I can see and think of why people should choose bitcoin. Actually there are lots of reasons to like and choose bitcoin. Those are depending on the users preference if he will like it or not. For me, the reason that I can give for you to choose bitcoin is that its price is continuously changing enabling us to buy or sell bitcoins for our own good. The simple saving and holding of yours can enable you to gain instantly from your initial earning. Which is beneficial on your part. Just to add, the investments that you enter in bitcoin are far superior compared to bank investments due to the volatility of its price. That is why, there is an increasing amount of investors per day in bitcoin due to the potential of yielding big amounts of profit in a short amount of time. Another thing, there are several methods of earning bitcoin and the convenience it provides are perfect for any people who are employed, unemployed, underemployed, and even students. Lastly, people should choose bitcoin solely on the fact that the price increases per day. By just looking at the charts, there is a constant increase of its price per day. |
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