I don't think that bitcoin or any other cryptocurrencies should be used as a donation to any organization. The reason for this being that it is very easy for the donations that were made using cryptocurrencies to be embezzled because of the anonymity that the cryptocurrencies provide. Also money embezzled through cryptos are almost impossible to track once they are gone.
Well thats good to hear, many churches needs funds for their activities and foundations. Helping poor and help kids know who Jesus is. But i think its not a good idea to give btc to the churches so its better if you withdraw it before giving to the churches. |
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Yes, investing in bitcoin is not as easy as imagined and stories of people who become rich because bitcoin process is not as short as we imagine. Investing in bitcoins is risky
Maybe study first the history of btc before investing and what is the important of bitcoin. Know how bitcoin works and search for the informations that can help you about btc in investing. Investing in bitcoin is not easy because its very risky and the price is unpredictable and unstable but if you have patience, it will have a huge return to you. |
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Most probably those guys who are complaining when market is down are the ones who invested at the peak of Bitcoin price in 2017. We cannot blame them but they must understand that in crypto it is not always going up and if we are not patient we may lose all of our investment.
I think those people who uses bitcoin on their illegal transactions and trades are the one who will kill btc. Not now but soon. Government will ban btc on their country to eliminate this bad doings, so if every country will ban bitcoin because of illegal transactions, btc will die. |
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Legendary investor Tim Draper is confident that in five years all will use crypto currency. According to Draper, the technological shift that we can observe now will be more significant than the transition from the Stone Age to the Bronze Age. Answering the question about how he sees the current situation in comparison with the period when he invested in the technologies of web 1.0 and 2.0, he replied that web technologies and transformed the concept of information, while blocking has the potential to transform almost all industries, including government services.
For me 5 years is such an early age for crypto to be use by all, maybe only those free and no open country will use it fully because in other countries like those who banned bitcoin,, it will be debated in senate whether crypto will be accepted as currency and will be legalized in each country I think 10-15 years maybe. Im pretty sure that in the next 5 years Crypto currency will become more popular as the result countries all over the world will accept crypto currency as one of their currency and at the same time number of people using btc will expand around the world. |
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Hackers will never stop intentionally stealing information or attacking your wallet so you should install two-tier protection and you should be careful of potentially harmful leaks into your data
We all know that today criminals uses bitcoin for their illegal doings. They use it to buy guns, explosives or other things in black market. Sometime criminals hire criminal to commit crime for them, and they use to pay btc ofcourse for their anonymity. |
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If you look at it as Currency, it is difficult for an average person to understand it because it is different.
Bitcoin, being a different kind of a digital currency, it breaks down conventional thinking in many aspects. No central regulatory body. The concept of mining. The open-ledger (blockchain), the way miners are rewarded, how transporting value is determined by its packet size and not value, the hash rate, the concept of limited supply. The 100 Million pennies in a Bitcoin, etc.
Its difficult enough for people in the money space to thoroughly understand Bitcoin (we all say we understand it, but do we really?).
For a common person, its an overkill. Its like trying to explain the concept of TCP/IP, Networking, Routing, the Internet for someone who wants to use email. Overkill.
A person can learn about bitcoin once someone introduce it to him or her. But for able to understand the whole system of bitcoin or the digital currency or the cryptocurrency world, it takes not only a friend or someone, but you yourself to understand it through many means of gaining knowledge. It includes reading articles, watching infographic videos in youtube and others. Knowledge about bitcoin is not just about like spoon feeding that they will teach it to you but it takes initiative from yourself to learn those things such as bitcoin which is a complicated one. Bitcoin is difficult to understand when you use it in first time thats why youre here to study, understand and gain knowledge about btc. Its hard to understand also the price of btc because it is unstable. And to those people saying that btc is hard to understand, youll never understand btc if youre not really interested at first. |
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we can not deny that the system of bitcoin is way better than national curreny. But, although better than national curremcy, i think bitcoin still can not replacing the existing national currency. Because national currency that already established in every single country would be hard to replaced. But, anything is possible. Maybe its just a matter of time. Who knows that one day bitcoin will replacing the national currency?
I think it will happen but bot today, need more more years to replace national currency of crypto currency. But for me its not good it will became complicated because fiat is much easier to use than crypto so maybe im not going to support this thing. |
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I think investing in bitcoin and banks has risks and has advantages and disadvantages, bitcoin has a greater risk than banks but bitcoin profit is greater than banks and investment in banks more secure.
Investing in banks are absolutely safe till the time they are government banks as your money will not go anywhere. But obviously it will not yield you any interests as such on bank deposits but on other hand if you want your money to grow then you will have to invest in crypto which also means it involves risk. For me bitcoin is more risky than bank investment. Bank assure their customers that their money is safe unlike in bitcoin. The return in bank investment is fixedd unlike in bitcoin, unstable. Think many times where you want your money to invest so that in the end you will not regret. |
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Move to another country until u have time bro  You must follow the rules if your country banned bitcoin. But if you can go to the other country just do it bro because you will miss the opportunity to become rich. But if you cant go to the other country you must accept it because you had no choice. |
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i think the bitcoin is a speculative asset is right.But if it's a currency, that's not true
Bitcoin is definitely successful as a currency. Many companies already using bitcoin on their business. In transactions payments etc. And you can buy things in the market without any hassle, ofcourse using bitcoin. |
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Not every decision to sell bitcoin is stupid, if you do it at a low price, yeah it's so stupid but not if you get a profit. Take your analysis and dont just follow the trend. Some people have their opinions about it
Its not stupid decision to sell bitcoin, specially when the price is reasonable. But sometimes we need to sell it even if the price is low considering that we need money to support our financial needs and other important things. Stupid is when you do panic selling. |
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First of all this thread is open for discussions or insights are welcome as this topic is just a speculation or prediction by a man named Tim Draper.
So basically, Tim is a Billionaire venture capitalist and investor and has been one of cryptocurrency’s biggest bulls, technically he earned a lot of profit already from bitcoin. He said that bitcoin price will rise up to $250,000 each BTC! But we all know that the bitcoin price has sunk more than 67 percent from its all-time high. So, for you as an investor or a fan of bitcoin, would you believe in this statement?
We are talking about the future here, we all know that BTC started very cheap from the beginning, but look at it now. Can it really rise again on 2022?
No one knows what will happen in 2022 and I definitely dont believe this. 250,000 is too much in only 4years. I know The value of bitcoin is increasingly time by time but it will never become 250000=1Btc. Maybe about 10 or more years before btc prices reach 250,000 |
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Why Media is negative about Bitcoin?
Whenever a government announces to regulate bitcoin or cryptocurrency or whenever BTC price is in downfall, most of the media start to warn everyone not purchase or invest in Bitcoins.
Do you see that, dont you?
Because government controlled them. Government have a negative perspectibe about btcn so they use media as a channel to spread their negative thoughts about btc |
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I think bitcoin is really a good investment for now, but I don't think it is a good idea to put all your investment in bitcoin or crypto currencies since it is unpredictable and very risky to take. For me it's still better to start your own business than depend your future in bitcoin investment.
What do you think guys?
No, even you earn a lot in btc dont depend your future in btc still because we never know how long this btc live |
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I think if bitcoin rose quite steadily and slowly people wouldn't look at the best cryptocurrency with an "evil eye". Going forward, do you think a slow steady rise, rather than a speedy erratic rise is good for bitcoin to get "accepted" all over the world? The sudden rise seems to scare people and governments.
Yes agreed. We are always wishing that the bitcoin price is increasing |
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Oh thankyou for sharing your way and knowledge on how to follow the bitcoin price. Ya one of the trully saviour hihihi |
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As quoted from CNBC there is a cryptocurrency will be zero. What do you think ? From : https://www. cnbc. com/2018/02/07/most-cryptocurrencies-will-crash-to-zero-goldman-sachs-says.html Maybe the other currency! But look, bitcoin is still continuing so probably bitcoin is not part of them! |
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we know that many people do not like the presence of Bitcoin, Are you sure in the future people who hate Bitcoin will be silent and regret because of Bitcoin triumphs...  Just let them hating bitcoin, i am surely someday if bitcoin become legalize to world wide and everyone are part from it, all the haters might invest too in bitcoin. Just let them hating! |
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