I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.
It is impossible for ethereum to take over bitcoins because altcoins is just created in order for bitcoins to have a competitor in the market and those investor will have a variety of choice if they cannot afford to invest on bitcoins. |
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Do you like bitcoin, what's your reason?
In my own opinion, bitcoins is the easiest way to earn profit now a days because of the consumers that are interested on investing and it makes the value of bitcoins increase further more because of the supply that decreasing due to the investing of consumers. |
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Banks now a days does not have a choice but to agree because there are more people who are investing on cryptocurrency rather than placing their money on the banks and that is the reason why they are scared of bitcoins. |
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As we already know there are a lot of poor people in every country of the world, they surely do not have access to the internet and as the digital money is changing the world people are debating over the existence of real money all the virtual money. And as we know the government and the banks are printing more and more money which is reducing the initial value of the physical currency and all of this is going to be most painful for them. So now people are switching to the digital world so what should we do for the poor peoples should we make a system or let them take their life. I think if somehow we can make them literate then that is going to reduce the number of poor people in a country.
This is the reason why people who are capable of earning cryptocurrency are in the huge advantage so we should not look on bitcoins as a bad thing because it helps people to come out of poverty and live a wealthy life. |
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Millions of bitcoins are considered lost. Who will find them?
Bitcoins are multi crypted on the exchangers or wallets they are using, if lost bitcoins cannot be retrieved then it only means that it is really secured and it is a good thing since hackers today are always trying to penetrate the system to steal our coins. |
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Hello Everyone. Recently my friends Asked me. Now I can investment with bitcoin. I said my friends. Of course you can invest bitcoin without tension. but my friends can not believe bitcoin.my friends tell me bitcoin price always dumping. It's will be got this scam.  I got this boring felling with my friends opinion. Because I always believe them bitcoin about. Bitcoin is the real king crypto currency world. Bitcoin will be never scam. It's not possible.  In my own opinion, you should not ask them to invest on cryptocurrency because they will only blame you if they lose their profit, the best thing to do is show them how much profit you already earn because in this way they might get interested immediately. |
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Im wondering what are the advantages of bitcoin than any other coins? I have been using bitcoin for almost 2 months already and I still don’t know what its advantages. Please share your thougths.
The reason why people are using bitcoins or investing on bitcoins is that, they are hoping to earn more profit in the future for holding it for a very long time and it is the easiest way to earn cash more than working on the corporate world. |
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I just wanted to ease everyone's fears, I will never stop buying Bitcoin. Every paycheck from now until forever, I'll continue buying Bitcoin during the fud, the bank bans the 'North Korea is mining bitcoin' BS. I don't care.
I might just burn it all at some point but I won't stop buying it. It might be the only thing I can do against the 'establishment'. Every time they call it a fraud/bubble etc.. Don't care, I support this honey badger as much as I can and always will.
It's wild but don't forget, Bitcoin is the first thing in human history that you can 100% trust... Not to always go up in value, not to make you a millionaire, it will only do exactly what it says it will do.
Watch it: 1Jm4dqA6XGq81sf9Y81ubeXJJsBdBfyvks
The growth of any cryptocurrency in the market is always depending on the investors, if people will stop buying coin then the value will probably decrease since no one is interested but the hype is still in the market and people are not yet stopping to invest on bitcoins so probably there will be always a bright future for bitcoins. |
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I don't have much of bitcoin to sell it below $100,000 - and will probably do this one year after.
Still have some doubts.. Maybe $200,000 will be a better point?
Please give an advice, your opinion is important!!
PS. It's not a joke. Please be realistic while estimating..
Gonna bring up this topic close to X-Mas 2018.
If you are worrying if the value of your bitcoins might decrease then it only means that the game in the market is really working, sell your coins if you are comfortable that you are earning a decent amount of profit then invest again when the value of bitcoins in the market will decrease you will do the buy and sell thing in order to earn more coins to exchange on fiat. |
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I have read in the news that that like bitcoin as virtual currencies are assets and does not have the characteristics or what it takes to be a currency that could meet our modern economic needs. It was said that it does not have the fundamental attributes. What are your thoughts about it?
Bitcoins is just an asset before because it was not that profitable but since today it was very famous already and there are a lot of consumers who are planning to invest day by day then it become a currency because most of the online stores are already allowing a payment method through cryptocurrency. |
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What are the reasons, why people use Cash or Credit Cards / ATM / Banks? Look at the benefits of bitcoin. * Works online 100%, 100%transparent for private and commercial use. Total control of private or public money for it's holder or holders, investors, governments etc. * As It's works online there no need of expensive steel safes or bank deposits to keep your money safe. Any password or time code can be used. * No fees. Unlike cash, hasn't 2%-3% of inflation every single year. * Accepted for Food Shopping & Micro payments via electronic card. * 0 confermations time, with introduction of "instant pay" function. * 0 exchange risks in use of proper securities and competent insurance. * any entrepreneurs is able to understanding of the value of payment. * No need for pay terminal for small businesses. For small entrepreneurs it's a high expense of 70 bucks every month. * Theoretically it's would not be needed to have an expensive licensed cash register, for small entrepreneurs, as every transaction is totally transparent. So cases of black money flow would be easily found and proven. * Banking and gambling. No need of any verification for CFD,Stock,Currency or gambling services. Probably those people who are only using cash does not have a decent amount of knowledge about cryptocurrency and they overlook how many benefits they can get if they use bitcoins, but still people will always find their way to earn their fortune and for me, the easiest way to get rich is through cryptocurrency. |
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It has slow transactions and the fees are high, and it is the cryptocurrency frontier. What do you think will realistically will take Bitcoins nr1 spot in the future? Bitcoin Cash maybe?  Slow transactions means there are more people who are using bitcoins more than other cryptocurrency, another thing is that if bitcoins has slow transactions then it only means that more and more people are using bitcoins now a days because there's a traffic in the blockchain. |
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Whether it be buying btc or buying equipment to mine btc. Did you ever borrow fiat to make your purchase? I have not. Just curious if anyone ever has.
It is not necessary to borrow fiat to get btc because you can work on bounty campaigns today and earn a decent amount of altcoins after then end of sale, in this way you do not need any capital to start holding a coin you are interested or for trading. |
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People are becoming increasingly accustomed to using bank cards. Now, with the increasing penetration of mobile and P2P payment systems, the necessity to use cash is quickly becoming obsolete.
Which do you think is the relation between bitcoin and credit card? Don't you think the use of credit card works as the same way as bitcoin does?
Bitcoins and credit cards is pretty much the same but bitcoins is only applicable if they will implement a cryptocurrency payment method. There are online companies today who are also interested on investing in cryptocurrency that's why amazon and some of the porn industries has already created a payment method in order to earn bitcoins as well. |
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Well, I think it is indeed too much complicated and harder to use, you have to have knowledge about how it works on internet. You have to make an account, buy bitcoin from different sites ( which takes 5% to 7% Fees) then transfer to exchanges for trading or to use.
How can a normal people, who usually watch youtube video, use fb or other social media, you expect him/her to know all these things? I seen people give up easily, and think it's too techy.
I believe if Bitcoin sell coins on their official website, with lower fees, such as 1% to 2%, and make a simple wallet for people to use, more & more people would buy and use it.
What is your opinion on it? discuss..
When you use Bank or Online banking, If you have any problem, you can actually go to branch or call the customer service fix the problem, Bitcoin have no phone number, no branch, no one to contact if anything goes wrong.
The desktop wallet are too complicated to use, it has some weird functionality, such as MEW, every time you login, you have to use key chain, or a file as your private key and password, when you get a get it doesn't not show on your account, you actually have to add custom, which is really confusing sometimes. And i always hear people ger hacked, their balanced is gone. which is really scary after all these security in your wallet? strange!
Bitcoin does not have their own official site, so lots of people visit other junk/spam/hacking site, think it is bitcoin site and can get help.
It's really hard to buy bitcoin in certain country, such as Canada. Yes i know you can buy from coin base, but they do not allow more than $100 bitcoin per week, and we are not allowed to sell. Lots of people other thread offered local bitcoin, but when bitcoin price is $6800, they sell it on $7800, That's $1000 extra plus 5% fees of the amount. Why people have to pay that much money extra to buy bitcoin? why don't they have an official site, where you can buy in current price?
Why most of the exchange does not allow you to buy bitcoin with USD? 99% time you have to transfer money to exchange to do trading or to buy alt coin, which is really a headache. So you tell me, all these problem, why would a normal average people, who doesn't have enough time will invest bitcoin or any other coin? This is rea reason i believe we see the market cap in crypto currency under $200 billion. If it was easy to use, for normal people it would have jump to Trillion dollar.
Bitcoin will be only complicated if you do not have internet running in your house, there are a lot of ways on how you can learn all the information like google and youtube. There is no doubt that bitcoins is really profitable now a days so work hard each day and strive to earn more bitcoins. |
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Hello everyone, recently there has been a lot of panic on this forum due to the big price change of Bitcoin (as it always happens). Understandably, many people are confused and worried as they have lost thousands in their value, especially if they have bought higher than the current price. But as someone who has been into Bitcoin for 1.5 years (not too long, I know) I want to advice to newcomers to simply relax. Huge price swing were always a part of Bitcoin, so there's nothing extraordinary here and the worst thing you can do is to make panic trades. Basically, there are two main approaches to Bitcoin trading - you either hodl it, meaning you never sell it until it reached "the moon", or you are actively trading it to get profit from volatility. So, if you believe in Bitcoin's technology and don't have experience as a trader, I suggest you to not touch your coins - Bitcoin always tends to increase in its value in the long run.
Most of the people who are investing immediately without a decent knowledge about the market will really lose since the value is always unpredictable and there are no accurate speculations but the best thing to do is hold your coin when the market is on down time or you can also invest to earn more profit when it goes back to normal. |
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John McAfee Bullish on Bitcoin Price Reaching $1 Million by 2020.
He wrote in Twitter: "When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong."
Can yo believe this? What are your own predictions?
Bitcoins was just $12 before back in the day when it was still 2013 but it managed to increase its value and now it is back on $10k dollar from $19k last december 2017, in this reason we should always believe that bitcoins does really have a bright future. |
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Why BTC along with all major cryptocurrencis are down today? Not heard any news to reasonate with this drop.
Altcoins are made to compete with bitcoins and all the altcoins value are based on bitcoins so eventually when bitcoins decreased its value then all cryptocurrencies are affected. There are countries today who are banning cryptocurrency in their country and that is the reason why the market is down. |
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We all know the advantages of BTC, but what are some of the disadvantages??
I believe that there's no disadvantage on bitcoins but it depends on the people's approach on how they are going to use cryptocurrency either for good or for illegal transactions because it was just the same as fiat so people will be also the reason for cryptocurrency to be banned on a country. |
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Its good initiative by KFC, Now even there small bucket of fried chicken will give more returns from last fiscal year Fried chicken chain KFC Canada is accepting bitcoin – for a limited time and for a cryptocurrency-themed bucket of chicken, that is. The limited-time marketing move sees the Canada-based chain advertising "The Bitcoin Bucket" complete with a Facebook-based live-tracker of the standing price for the product, which works out to roughly 20 Canadian dollars depending on the exchange rate with bitcoin. That said, you can't exactly walk into a KFC location in Canada and pay with crypto at the cash register. Instead, the company is accepting Bitcoin via BitPay as one of the options through an online check-out page. The Bitcoin Bucket will be delivered directly to the customer's address (the product also carries a $5 fee), according to the check-out process on its website. https://www.coindesk.com/kfc-canada-is-accepting-bitcoin-for-fried-chicken/It was a very good news that canada's kfc is now accepting bitcoins as a payment method, it only means that cryptocurrency is slowly being accepted to the community due to the increasing amount of investors in the market. |
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