Hello everyone!
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.
This invention of Satoshi Nakamoto incredibly stunning us, Bitcoin known as a revolutionary invention.
Can Bitcoin solve the worlds problem?
Worlds problem should be dealt within the governments cover knowing that it is what they're meant for. We can't rely the solution of hunger and poverty to bitcoin just because it makes people rich. Governments still has more control over those situation wherein they can independently spread help and solution on any part of a certain country so for me bitcoin may only help but the government should still make the most of the movements. |
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As part of the economy I want to ask
•What do you think is the next big thing? by means bitcoin is getting higher and people should now invest in like what they did before.
•What coin like bitcoin you should invest in? is it bitcoingold? or the next coin that the developers will create
Ethereum still for me is the most possible candidate next to bitcoin. We can all see how ethereum is improving right now and many peoplr see it just like how bitcoin started so I think there's a large possibility that ethereum will be next or dethrone bitcoin in the future. Let us just keep on believing and hoping that both will have a great future so we can all benefit from it. |
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what do you think will be the future of this market? and what needs to change so governments will start to recognize it as a currency?
No one can still predict yet but based on what we are currently seeing right now, we can say that bitcoin and other altcoins has a great potential on making it to the world market in the future as long as we are supporting it. We should always be optimistic on the future of the market so that we can attract more investors which will help us accomplish the future we are aiming for. |
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I'm a new investor who is talked about Newbie, and I'm know Bitcoin by Ebooks and Internet.  I found that the history of Bitcoin is relatively short, to talk about benefits, it is digital currency, not through convenient medium and relatively fast. But there are many limitations, it is anonymous and easy to be Hackers possession, difficult to universal throughout the world as well as all types of business. I want to borrow money from my parents to buy more Bitcoin, because I believe the value is increasing but they still doubt it is multi level ponzi, should I invest a lot here or not? I need more advice. Thank all of you a lots. For now, I don't think borrowing money from your parents to buy more bitcoin will be a good thing. Bitcoin's price right now is quite unstable and mostly going down. If you want to benefit from this from real, you should wait first and plan your buying carefully. Always remember that bitcoin as a volatile currency does not mean it will always go up so be smart always before making a move. |
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Bitcoin is not just a life saver but also a life changer. Before, I don't know anything about investment. I'm just a minimum wage earner and my salary is most of the time insufficient to my needs. My family is struggling financially. When Bitcoin was introduced to my life, everything changed. At first, I invested a very little portion of my salary to HYIP and gambling hoping that my life will change instantly as what those sites promised me but I was scammed multiple times. It was devastating so I decided to stop investing on Bitcoin. After a few months, I saw some posts on social media on how Bitcoin changed a person's life so I decided to give it another try but this time, I will make sure to invest in myself first and study more about cryptocurrency. I learned about this forum and from here, I learned more things about Bitcoin specially on trading and investments. Now, I cannot say that I'm completely financially free but I can say that I'm already earning more than enough for me and my family's needs.
Bitcoin gave me another hope about life. There are times when we are feeling wasted and wants to give up but before you give up, ask your self first if you already did your best. There are times that we will definiyely lose and people will ruin our dreams but that is not a reason to stop. Just like on my experience, I got scammed but after a few months, I gabe it another shot. If I gave up, I might still ne struggling financially.
Life will definitely throw you lemons. All we need to do is learn how to make it into lemonade. I'm very thankful to Bitcoin. To all investors out there, just invest on your self first and I assure you, you'll get profit from it!
We all know how great bitcoin has impacted many people's life. Many experience success and wealthy life with the help of investing in bitcoin. We should always look forward on being grateful on what bitcoin has done for us. Bitcoin has proven its eligibility on us for so long that's why we should not doubt it anymore no matter what happens. Let's keep our hopes high on bitcoin for our own sake too. |
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I was wondering which one was your favorite out of the two cryptocurrencies? I think Ethereum has proved to be more flexible than Bitcoin even though Bitcoin is making the biggest noise
Although ethereum has been doing good nowadays, I think I would still go for bitcoin. We can never underestimate bitcoin on what it may do in the future. It has been surprising us a lot from the past and it is very feasible to happen again. Amidst the sudden fall of bitcoin's price, I am still believing that time would still come that bitcoin's value will rise back again. |
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At first I want to say: Read my post carefully and don't spam.
We all wanted high price, higher than 1000$ and got it, we got even 19k and there people were hoping more than 20K, they think like it's infinitive.
Did so high price do a good job? No, higher satoshi/byte fees became even higher in value because of price rise, some exchangers closed registration and etc. In reality there was no need of 19k but I think currently it's best to see price between 5000-8000$. There isn't so much demand.
You want high price to get much from holding? Seems you hang on bitcoin and are only selfish.
Amidst all those disadvantages, we all still want high price mainly because we want higher profits. Having bitcoin's price getting expensive would totally make many people rich in an instant although almost everyone right now are just holding their bitcoin hoping for a pump. It may sound selfish but we all have different needs and status in life so you cannot really blame them. |
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I have read some posts and some concerns that it is the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin. This can be the main factor why big online shopping stores are not yet adding Bitcoin into their payment facilities (though there is now a circulated petition for this but I doubt if it can make a dent).
Some are really saying that if volatility can be managed then we can see Bitcoin going mainstream. I am wondering then: Is volatility something that we should find a way to control and how do you think it can be done?
I don't think so. We all know that bitcoin is a decentralized currency which means there's no government organizations under it which makes it very volatile too. Another thing that makes it volatile is The continuous changing of demands bitcoin is getting. We all know that bitcoin is under blockchain technology and the mining being made is changing too over time. |
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I started bitcoin just a little while. But I heard about it last august. At first I was not convinced and I didn't think that I would be interested on such a business. But this month my friend brought out a brand new laptop and he confirmed that it was from his bitcoin income. So I was finally conviced and I made up my mind. It's okay for me that I won't make money wuick but I believe that waiting and posting and posting eventually will help me earn money. Thank you and have a great day.
Bitcoin has been a very popular cryptocurrency today but way back the days I wad just learning about this, bitcoin is not yet that big. It all started when my classmate initiated a talk with me about a job that can bring good money to me. At first I refused but as I saw him getting real money from it, I gave it a try then. Earning here was not that easy but still I gave all my perseverance just to make it here now. |
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Hello everyone!!!
What can you say about it?? Can you share some tips or some things that might help other people with this??
Somehow we could I think since bitcoin is open for anyone who wants to try it out. Many people has already had their lives changed because of bitcoin and I think it can be one of the reason why we should our knowledge about bitcoin to other people too. Though that's the thing, we should still be smart and careful in spreading the news to avoid any unecessary instances. |
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[ https://medium.com/bitcoins-digital-currency/how-to-explain-bitcoin-to-a-7-year-old-a9a8c094feaf] How to Explain Bitcoin to a 7-Year-OldI’ve been explaining how Bitcoins work since 2010. Here is the simplest analogy I’ve discovered that explains transactions, anonymity, and coin production.
There’s a room that anyone can access. The room has security cameras that anyone can view, and every second of recorded footage is available online forever.
The room is filled with indestructible piggy banks made of transparent plastic. Naturally, these piggy banks have coin slots, and everyone can see which coins are in which piggy bank. These piggy banks can never leave the room.
Each person has a key that can open their piggy bank. Let’s say I want to buy a pair of alpaca socks, and you want to sell them.
First, you tell me which piggy bank is yours. Then, I walk into the room with a ski mask on. Anyone in the world can see me on the security cameras, but not my face.
Next, I unlock my piggy bank, take some coins out, then put them into your locked piggy bank. I leave the room.
Now, everyone in the world knows that your piggy bank has coins that were previously in my piggy bank. This is the case with every transaction, so everyone knows the history of every coin.
“So where do the coins come from? How did it start? Who got the first coins?”
There’s a robot in the room that runs lotteries. Every so often, this robot randomly chooses a piggy bank in the room, and puts 50 coins in it. When it first started, there weren’t many piggy banks in the room since nobody knew about it. Back then, it was easy to win the lottery. Today, there are millions of piggy banks in the room, so your odds aren’t very good.
“Ok, couldn’t someone make their own fake coins?”
No, because everyone has records of every coin in the room, and they know when the robot hands new coins out. If a fraud were to put fake coins into his own piggy bank, everyone would know that those coins were never handed out by the robot, and wouldn’t accept them.
“Who made the robot..?”
Supposedly it was a super genius Japanese man named Satoshi Nakamoto, but nobody knows for certain. Since the security camera footage is available from 2009, we can see that the robot was putting coins into a piggy bank since day 1. We assume it’s Satoshi, but that’s about all we know.
“… Crazy.”
From Tony Diepenbrock IV on medium. Or you can also watch this excellent video:bitcoin 101: https://youtu.be/Bhe61JaNFLU[/quote] I don't think there's an easy way to teach bitcoin but to let them learn theirselves. Bitcoin is too complex to be taught easily and there are a lot of precautions needed to be considered before entering this investment. Another thing is that merit has made its way now making it harder for the newcomers to rank up and have the opportunity to earn larger amount of profits. |
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Bitcoin price is a roller coaster the start of the year 2018. It goes up at first and stays then go down and stay and go up a bit then drop more so low and rapidly. Will it go up again in a loop then down and up again? We really don’t know what will happen like we really don’t know what the reason of the huge drop is. Is it the news? The bad news that affect the mind of investors or is it really manipulated? But why other altcoins price also dropped? We really don’t know right? We just depending on big investors decisions. Their decisions will affect the bitcoin price also. But what do you think can affect those peoples mind in invested and selling their bitcoin? For sure the bad news and the good news they heard. The tweets of some influential people also affect them. That’s only my opinion. There is this news I read on some source: https://cointelegraph.com/news/cnbcs-ran-neuner-says-bitcoin-will-end-2018-at-50000, it says that CNBC’s Ran Neuner stated that Bitcoin price will end in 2018 at $50,000. Ran Neuner for sure is an influential person because CNBC is a big name in the world and he the host. And in addition to that other (28) twenty eight most influential blockchain insider according to Richtopia, Tweeted that Bitcoin price will be $50,000 in 2018. I don’t know if it will affect the price of Bitcoin or other crypto currency because as I check the CMC / Coinmarketcap.com list still on red percentage. I will just wait for next week update. Maybe this news will affect it soon. What do you think? We cannot still say it yet but as we all can see bitcoin's value has been down for so long already and it is not a good thing for investors I think. It may lead to the loss of investors and users which will surely end up on having lower value. Though that's the thing, we should still be optimistic about bitcoin's future so that we can all benefit on it if ever it will happen. |
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We all want to make it big in the future and that would only happen if we are going to make a move. Many people are dreaming to become a millionaire someday and most of them are optimistic about bitcoin's future holding, waiting and believing that bitcoin's value will soon rise to the moon. If we would be all like that maybe bitcoin's future will really end up bright. |
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Like every other investment such as real estate, stocks and other forms of investment we know that you can invest in that kind of things and then you get something like say a Certificate or a Binding Document as a proof that you are part of that investment, now that of bitcoin all you have is just your address, your password, key and seeds as proof of the ownership of the wallet. BTCSo now if one is considering buying bitcoins and saving for his/her children in the future is there any way to do that with bitcoins apart from having to write down your details somewhere. I'm asking because with that kind of stuff if no one knows your seeds or password no one can get the coins.  I am also finding for some answers about this concern too since earning bitcoin was never an easy thing to do. Having something that would make sure that all of our profit will go to our loved ones is really important so that we can avoid troubles like wasted investments or regrets. Bitcoin has been a good way to earn large amount of money but all of it will be nonsense if ever the money you've earned get lost after you dies. |
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Is it enough to be smart with just nothing to lean on and go on with your life? Because i feel that there are a lot of people who doesn't know how to handle their money with regards to see in the future. Is it enough to be smart and not be strategical or somewhat a person who has a lot of experience. Who would you choose?
For me it is required to be a master of both things like of course you can not have experience if you are not going to try and some people would think it's a waste of their time if they are doing what they know already like repeating their work over and over again. So it should be in a balance.
Both is greatly required here if you really want to earn bigtime. Being smart alone would not get you all the way to a successful life, you still need to be strategic atleast so that you have a patter or a path to make and follow to reach what you are aiming for. As you become more strategic, you will encounter less trouble and will always find a way whenever you are having trouble. Have both for a better experience here in bitcoin. |
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Is it better to save money in bank or invest it online, in real estate or maybe gold?
You are free to choose on what you think is right and best to do with your money but if I were to recommend you something, I would say investing is the best thing to do to make your money grow more. Saving would definitely depend on bitcoin's volatility which is quite messed up since it usually rises and falls down in a minute so the growth of your money will surely be slow. If you will invest, the risky maybe high but the reward waiting is way higher. |
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Bitcoin is a currency. Bitcoin is a solution to many problems. Bitcoin is bringing questions and new problems to this world.
Some people find this as a ride to boost your income, not specifically Bitcoin but also the whole crypto market.
I think it's a great thing! But what are you actually looking for? Bitcoin itself (the currency) might not be your solution.
If you want to "conquer" the world, you can't do it with Bitcoin. Like you can't conquer the world with the dollar itself.
You need to focus the technology. The blockchain along with it, bringing a new economy generation with freedom and decentralization.
It's something that should be written a new bible about in my opinion. Before you learn Bitcoin, learn economy. Once you master this skill, own Bitcoin as one of your cards.
I would like to hear some of your opinions and hear some smart words because I believe people think investing Bitcoin will make their life done financially but I honestly think it's not true.
Its true but it usually depends on how you work out to earn bitcoin. As we can all remember, bitcoin is a great investment for anyone looking for a good financial source. I've seen a lot of people whose life is getting better as they invested on bitcoin. It will fully depend on you if bitcoin would give you out some good income and if it is really true that bitcoin can make your life done financially, only you can answer it. |
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I think in the presence of bitcoin will reduce unemployment, because searching for bitcoin also requires hard work and creativity, and competitiveness in bitcoin is also high almost similar to work in the real world
What is your opinion this time?
I agree. As jobs in bitcoin arises, more and more people are grabbing the opportunity to take it as an employment while they are still not liable for a legal job or while they still don't have a day job. You can not consider bitcoin as an employment if you are not competent enough to comply on the required task here. Although that's the thing, you should not still rely on bitcoin alone since it is still risky so having a real job would surely save you. |
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I've just thought about this for a moment but, if we want bitcoin to get more popularity, attention or acceptance would it be nice to make some advertisement about it on T.V.? I don't know if in other countries they advertise bitcoin but in my country, I haven't seen one. How do you think advertising bitcoin will affect the people? Any thoughts?
There's only two possibilities that may happen if bitcoin will be advertised on television. Its either people will see it as an opportunity or they will see it as a threat. Some people will surely find holes on bitcoin and critcize it while bringing it down through throwing words that are not true about it. As we all can see, bitcoin has been a very good way to earn money for some people and it would surely become more profitable as it gets more popular. |
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