Still not dust settled previous bitcoin conflict, which found serious disagreements on the future of digital currency, as there was a danger of a new cleavage. The buzz around Bitcoin Cash (Bitcoin.Cash), alternatives to bitcoin (Bitcoin) with large blocks that appeared when part of the network did not want to install the update SegWit, gradually faded, while bitcoin is only getting stronger. A new branch may lead to the emergence of a new currency, Bitcoin Gold — is an attempt to pull profitable mining out of the hands of huge farms, to monopolize the creation of cryptocurrency
Do you think that the new currency will be able to surpass Bitcoin in price and in the number of users? |
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I do not think it's possible at all. Only if the whole world will be left without the Internet.
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Personally, if I'm in a coffee shop or any store with some people, I pull out my wallet and subtly show them my Xapo debit card. Then they get curious on what kind of card is that since it doesnt look like the usual Mastercard or creditcard. Then I explain it from there on. What's your way of spreading Bitcoin knowledge?  If I tell someone about Bitcoin's price, then the person is already interested in it. And if a person is interested, then I'm happy to talk about this crypto currency. |
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Mining - activities to maintain a distributed platform and create new blocks with the possibility to receive remuneration in the form of new units and commission fees in various crypto-currencies, in particular Bitcoin. Produced computation required to provide protection against re-spending of the same units and the reward stimulates people to spend their computing power and support the operation of networks.
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User: Destroyeroff98
Postion to Apply: Jr. Member
Posts Start: 66+
Address: 19vZuy6CFFbingkXcYLw6UbTB6WWuSU7du
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The main wallet to store Bitcoins for me - it Blockchain. He is a very convenient and reliable.
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It is possible to reach such a level that Bitcoin gave a passive income.
But personally, I think that it is necessary to combine both the work and the earnings of the Bitcoins. Since Bitcoin - unstable currency.
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Personally, I recommend buying Bitcoins, as the price goes up. Even if it goes down, do not rush to sell Bitcoins. Many analysts predict the growth of Bitcoin.
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Bitcoin as an investment more profitable than the dollar, it is gaining much faster price. In addition, to store money in Bitcoins reliably.
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If China lifts the ban, then most likely bitcoin will "take off" in value.
I think this is a short-term ban and China will soon be on the market.
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Which of the Bitcoin wallets between the Online and Offline works best?
There is no unambiguous answer to this question, but from my point of view, a purse is better at the exchange. The matter is that they are very reliably protected. Plus you do not need to store a huge purse on your computer. Another disadvantage of the purse on the local machine is that if the computer breaks down, access is problematic and the accumulated funds are considered lost. Especially if the purse was lying on a disk with the operating system. Also it is worth considering that bitcoin transactions are rather slow. If the growth or decline of a certain currency has started, you will not be able to respond quickly from the local wallet. |
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I think that to get rich instantly on Bitcoin will not work. To earn Bitcoins efforts are needed. But in order to make good money on it, you need time.
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I think Bitcoin will be recognized once all countries, and its price will increase by several times.
I would also like to see Bitcoin as a means of payment.
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Btctalk name: Destroyeroff98
Rank: Jr. Member
Current post count: 54
BTC Address: 19vZuy6CFFbingkXcYLw6UbTB6WWuSU7du
Wear appropriate signature: yes
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Because China - a large country. It is also a country with a large population.
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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? I plan to earn a lot of Bitcoins and just keep them on my account. I also plan to trade. When the price reaches a maximum or if money is very much needed, I will sell the Bitcoins. |
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First of all, using your wallet anonymously, you have only the password and bitcoin-code, which are necessary for authorization. In case you lose the password or forget it, you will simply lose both the purse and the money on it. You will not be able to contact any supervisory authority or bank and demand the restoration of the password and access - there is simply no such body. Also, the disadvantage of the system is that by sending a payment, you can neither stop it nor change the conditions - it is carried out irrevocably. If you specified an incorrect amount or a recipient, then you can not change anything. The disadvantage is the volatility of the course of this crypto currency. Thus, we get a very variable price for bitcoins, which varies unpredictably.
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i wonder what are the weaknesses of the crypto market?
So far, the only drawback cryptocurrency is a strong level of influence of world news on the growth and decline of the value of Bitcoins. In almost all situations, the growth rate depends on statements made by government representatives from different countries. At the same time, it is in the short-term variant of work in the market that greater volatility can create trouble. |
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What will you do if some altcoin (XMR or ETH for example surpasses the value of BTC, either in market cap or by the price of a token each? Will you sell your BTC to buy the more "valuable" coin, or continue using and holding BTC? Also, what do you think are the chances that it could happen? I would like to hear your thoughts and opinions.
I doubt that another currency will surpass Bitcoin in value. But, if we assume, then I'll use both currencies. |
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You need to succeed at work and in Bitcoins.
For example, if you get fired, you can live at the expense of Bitcoin, until you find a new job. Or, if Bitcoin falls, you must have a job.
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