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1  Bitcoin / Bitcoin Discussion / Re: Bitcoin will get legitimacy in all countries? on: June 28, 2018, 09:24:11 AM
As the demand keeps increasing automatically more countries will start legalizing the use of bitcoin looking upon the growth of countries that have adopted bitcoin long back. With bitcoin we can feel the legitimacy and people describe it as a scam when people start to use bitcoin a source to trap common people.
2  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Dollar on: March 31, 2016, 10:22:48 AM
one of the biggest problem with dollar is inflation.. over time all currencies lose purchasing power because government keep printing more money.. with bitcoin you don't have this problem because the system is designed to make bitcoins to be finite.. only about 21 million bitcoins will ever be released.. the release of new  bitcoins is slowly down and it will stop completely within few decades..
3  Bitcoin / Bitcoin Discussion / Re: Bitcoin could consume as much electricity as Denmark by 2020 on: March 31, 2016, 10:02:59 AM
now we can use solar panels to generate electricity as it is the cheaper one compared to others.. by 2020 more advanced methods to generate electricity will be found... so electricity won't be a great problem...
4  Bitcoin / Bitcoin Discussion / Re: what happens to Bitcoin if internet goes down? on: March 31, 2016, 09:57:26 AM
if internet goes down, sure there is no life for bitcoin and all the bitcoiners will be found upset.. but that won't happen very easily.. by chance if internet is lost, we can regain it and can give life to bitcoin again...
5  Bitcoin / Bitcoin Discussion / Re: why most of btc users are russians? on: March 31, 2016, 07:09:17 AM
Russia's legislative assembly has banned bitcoin domestically..  even though it is banned people are using btc and i dont think that most of the btc users are Russians..
6  Other / Off-topic / Re: du you spend coins on real life. on: March 31, 2016, 07:03:27 AM
yes i spent my coins only for purchasing some digital goods online.. most of the times i keep my coins in my coinbase...
7  Bitcoin / Bitcoin Discussion / Re: Why should people use Bitcoin? on: March 31, 2016, 07:00:48 AM
people use bitcoin to earn more money.. on the otherhand few use bitcoin to gain knoeledge about new technologies.. and most probably people use it for online shopping...
8  Economy / Speculation / Re: Will bitcoin hit $600 this year or down to $200? on: March 31, 2016, 06:38:09 AM
it is speculated that bitcoin grows up and hits $600 this year.. because the price didn't went too low even during fall times.. also halving is coming this year... so everyone is waiting for a huge price rise,..
9  Economy / Economics / Re: Why Latin American economies are turning to bitcoin on: March 31, 2016, 06:27:47 AM
Bitcoin empowers Latin American entrepreneurs to tap into a truly global market by permitting them to accept payments from customers anywhere in the world without facing exorbitant cross-border transaction fees..
bitcoin would free up hundreds of millions of incremental dollars annually in Latin American economies.. so the Latin American economies are turning to bitcoin..
10  Economy / Economics / Re: Bitcoin replaces the money? Could happen? on: March 31, 2016, 06:16:30 AM
due to decentralized nature of digital currencies, there is no significant upfront cost for a government to switch to digital currencies.. physical money needs constant printing and monitoring.. but bitcoin is financially and environmentally friendly.. even though it has more advantages, replacing money by bitcoin is a doubted one....
11  Economy / Economics / Re: Bitcoin halving to be canceled? on: March 31, 2016, 06:02:36 AM
halving can never be cancelled by anyone.. as long as bitcoin is alive halving occurs for every four years..
miners wants price increase.. if halving is cancelled, price won't increase.. so definitely halving will happen..
12  Economy / Trading Discussion / Re: What is the minimum amount to start as a trader? on: March 31, 2016, 05:50:17 AM
as trading is risky, you don't want to invest a huge amount on trading.. a small reasonable amount is enough , i just started trade for 0.01 btc.. at start if you trade for huge amount there can be a chance for loosing it..
13  Economy / Economics / Re: Distribution of bitcoin wealth by owner on: March 31, 2016, 05:40:15 AM
recent estimates has shown that majority of people with substantial shares spreads their btc wealth across multiple addresses. the wealth disparity in bitcoin may not be as extreme as the address data would suggest..
 in fact it's likely that the top 1% of the btc holders only own around 78% of all btc..
14  Economy / Economics / Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022? on: March 31, 2016, 05:30:19 AM
by 2022 we may see bitcoin emerging as the currency of global e-commerce due to its lack of cross-border fees and the opportunities it represents for the developing world..
 bitcoin will speed the adoption and expansion of access to international shopping based on the ease with which it can be implemented and lack of current competing solutions..
15  Economy / Economics / Re: How to save money. on: March 31, 2016, 05:14:31 AM
you can save your money by just investing in bitcoin.. bitcoin money exchange is different from usual banks.. bitcoin can provide very high levels of security if used correctly and you can have control of your money...
16  Other / Off-topic / Re: Do you actively spend your bitcoins? on: March 31, 2016, 04:56:45 AM
the real answer is NO... bitcoins cannot be used in real life.. means it cannot be accepted in local stores,any restaurants etc... but if i use bitcoins i will actively spend it in purchasing some digital goods from online websites..
17  Economy / Economics / Re: Does the Price of Bitcoin Matter? on: March 31, 2016, 04:50:41 AM
sure, the price of bitcoin matters because everything depends upon the price rise and fall... when price rise everyone will be eager to sell their bitcoins and when it fall they may buy it...
18  Economy / Economics / Re: What percentage of people on Earth will own Bitcoin by 2020 on: March 31, 2016, 04:46:10 AM
as bitcoin is uncertain we can't predict to which extend it goes.. if people get more awareness, bitcoin can reach a maximum of 40%, because 2020 is not far away...
19  Economy / Economics / Re: Do You Think Bitcoin Will Replace Dollar Soon? on: March 30, 2016, 10:00:18 AM
bitcoin may not replace the U.S dollar anytime soon, the underlying technology of the blockchain is certainly generating hype among mainstream financial institutions..
20  Economy / Economics / Re: Bitcoin is Becoming a Global Currency on: March 30, 2016, 09:54:38 AM
literally bitcoin can never be accepted as a global currency... the bitcoin is a currency and not real money.. the problem with this is bitcoin does not allow for fractional reserve banking..
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