Why Should I Choose Bitcoin ??
It's the first question one should face while starting to deal in bitcoins and answer this will satisfies you to choose bitcoin over others. Some of the benefits that Bitcoin have over other includes :
1-Quick transactions – Bitcoin is transferred quickly over the Internet.
2-No expenses/low charges – Unlike credit cards, Bitcoin can be utilized for nothing or low costs.. This enhances revenues margins deals.
3-International installments – Bitcoin is used all over the globe; e-commerce sellers and service suppliers can easily agree to take international payments. Which uncovered new potential commercial centers for them.
4-Information is secure – As we have seen with late hacks on general retailers’ disbursement processing systems, the Internet is not generally a secure place for private information. With Bitcoin, clients don’t surrender private data.
5-Much More Easier – Bitcoin is Much more easier rather than we think.Means to say It’s Much more easier than transfering a Payment from bank account From bitcoin you can even transfer a Payment in few clicks even While listening songs.
-Hope this will help you in believing Bitcoins !
Well,all these features have made bitcoin to choose first than other.But the secondly mentioned feature,no expenses or low charges is no more available due to heavy increase in transaction fee due to miners.It is due to lack of this feature many companies are not coming forward to accept bitcoin payment.Some are said to move to altcoins also.But still bitcoin has been the king of crypto currencies.It is the ultimate choice of most people world wide. |
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Have you seen Mr. Robot? You reminded me of it.
Well coming to real world, it is not possible at least for next 20 years. No matter how easy cryptocurrencies made the finance but still its scope limited to internet. We need liquid flow of internet to transfer BTC and other coins from one person to other. But if we see current situation, internet is not the bite of every individual. Lots of technical jargon stops the way of utopian society of CRYPTOCURRENCIES.
There are still lots of people who are not familiar with digital transactions.All they know is the paper money as real money which they could touch.Most of them don't even have bank accounts,credit cards,debit cards.Even in india,government tried to ban high value currencies and change people to digital transactions.But it almost failed.People just returned to their paper money transactions.It would take almost twenty to thirty years to make a cashless society. |
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Once again received the payment in time.
Wishing the team a great success.
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Hi , I'm new so basically I still have a lot to learn about the cryptocurrency , but I would like to know if it would be possible for the bitcoin to start the downfall ? I mean like what scenario can happen that the bitcoin would be pushed back like 5-6 years ?
Sorry if my post is in the wrong place or it's not relevant.
If no body wants to buy bitcoins,it would start losing its value.But i don't think that it would happen.Demand for bitcoins is increasing day by day.Mass adoption of bitcoins is taking place.New countries are coming forward to accept bitcoin legally.So no need to worry about that. |
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Can you suggest some precautions for beginners to avoid getting scammed ?
Never do trades without an escrow.Avoid trading with newbies as most scammers use newbie accounts to scam people.Don't trade with people who have red tag or negative trust.Even if the escrow fee goes 1% or 2%,just use escrow so that your money would be safe. |
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What would you do when you're talking to someone but then he suddenly talks about his hatred on Bitcoin, what would you react to it?
I've never actually experienced anything like this before, I just want to be prepared when it happened to me.
Only the bankers would hate bitcoin and no other people would really hate bitcoin.If they hate,it means that they have misunderstood the concept of bitcoin.Bitcoin has been created to free people from dependence upon the banking sector.We should try our best to explain them about bitcoin. |
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Yes bitcoin is both money as well as commodity.It differs in the way we use it.When we buy any products with bitcoins,it acts as money.When we buy bitcoins and hold it as an inve.stment,it acts as a commodity.In earlier stages,bitcoin was used more as money and now due to its high value,it is mostly used as commodity.
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I just wanted to know that,what amount of risk is there in investing in bitcoins.
Right now i am planning to buy btc approx 3-4 btc and just hold them as i guess the price of bitcoin will increase in future and i will get some good profit.But i want to know what is the risk involved.Can bitcoin price decrease and is this right time to buy the bitcoin.
Every investment is risky.Bitcoin also comes under the same category.Bitcoin price is determined directly by the increase and decrease in the demand for bitcoins.So if the demand decreases,bitcoin price may fall.Since bitcoin works on a secured block chain system,our investment is safe.But when storing bitcoins in your wallet,you should keep your private keys safe.Otherwise,you may not get access to your bitcoins.But in future,for nearly after twenty years,when quantum computing will be introduced,our bitcoins security may get compromised. |
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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.
We could not come to such conclusion on seeing the sudden price rise in ethereum.Its just being pumped and when its dumped soon,its price would fall down.But bitcoin is not manipulated and it exhibits its true value.Ethereum could not get trust what bitcoin has got all over the world.Bitcoin has already overcome many obstacles and this time too,it would successfully overcome. |
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As people are awarding of bitcoin & its potential.When we can see bitcoin as international currency?  Bitcoin is already available internationally.But for it to become an international currency like dollars,it has to be accepted legally in all countries.Now Japan has accepted it legally and few more countries are considering to accept it legally.It would take some more years for this to happen. |
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im at $200 btc and have no skills to offer what can i do to get 1 BTC , if i was in a sig campaign how long would it take as a full member to get 1 bitcoin because i need to buy a established site which is profiting preferably a gambling site or something along those lines, what do you guys think about this?
Being a full member,you can get maximum of 0.015 btc per week.It would take around one year to reach 1 btc.Instead,you could better invest in a good altcoin and start trading.By getting basic skills,you could earn more in altcoin trading.But you have to find the most under valued coin and invest in it to get more profits. |
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Just like US dollars,bitcoin is free to use for every one.Either it could be used for good or for illegal and terrorist activities.If terrorists want to use bitcoins,they have much better choice like Monero and Zcash which provide full anonymity.Bitcoin transactions could be easily traced since it is pseudo anonymous.
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Is it worth spending time to collect Bitcoin rather than having a daily job? What I mean is that can bitcoin be more economical? Has it ever happened that people lose their investment value rather than benefit from spending it on bitcoin?
Definitely,spending time in bitcoins is really worth.You would come to know it clearly when the price of one bitcoin reaches one million dollars.I too have left my job abroad and now my earning is fully through bitcoin trading and signature campaign.At first,i got scared because bitcoin price was only $850 when i left my job.But now its price is almost around $2800.I could easily run my family with my bitcoin earnings. |
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0.1 bitcoin is a fair amount for investment.You could buy a good altcoin and start trading.But your success lies in finding the most under valued coin.By investing in that way,you could earn more profits.But trading is also risky.You should get prior experience to earn in trading.
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Hi Folks! Who do you think is profitable Trading bitcoins for other payment method or mining them? Everybody feel free to reply you're free  Both trading and mining are profitable but trading is more profitable.Trading could be done even with a very small amount.But for mining,we need huge investments to buy mining equipments.Also,we have to check the electricity fares to see whether mining would be profitable or not.Trading is the best and legit source of earning bitcoin. |
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hey...I want to know easily earn btc from online...can you give some tips about it...someone only tell me that earn btc easily bt they not given any tips...plz...anyone help me
The most easy way for earning bitcoins is through faucet sites.But the earnings will be very little.Good earnings could be got by participating in signature campaigns.If you have programming skills,know website designing,then you could earn more. |
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Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.
Unfortunately,nothing could be done in this matter.Just like US dollars,bitcoin is free to use.No one can control any one using bitcoin for wrong actions.Already,criticizers of bitcoin make regular allegations that bitcoin is used for illegal activities.But bitcoin has successfully overcome such allegations and it has got world wide investors,not using it for illegal activities but for trading,buying online goods,etc.The time has come to use such a marvellous technological creation bitcoin in a productive way. |
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I just wanted to know that,what amount of risk is there in investing in bitcoins.
Right now i am planning to buy btc approx 3-4 btc and just hold them as i guess the price of bitcoin will increase in future and i will get some good profit.But i want to know what is the risk involved.Can bitcoin price decrease and is this right time to buy the bitcoin.
You have taken a good decision of buying bitcoins.Since there is a steady increase in price and it has already been predicted that bitcoin would continue to go in bullish trend through out this year,you could buy with full confidence.But there is also a risk regarding price in bitcoin.Since bitcoin is decentralized,there is no central authority to regulate bitcoin price and so bitcoin's price is purely determined by the increase and decrease in demand for bitcoin.But we could see that there is ever growing interest among people to buy bitcoins.So there is only lesser chance of decrease in bitcoin demand.Hence,price would not fall.So,you could buy bitcoins with full confidence. |
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I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.
Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?
Satoshi created bitcoin to free people from banking sector.Probably,it means he created it as a currency rather than as an investment.People too used it as a currency in its early stage when its price was very less.At that time,they didn't know about its true value.But now,on seeing the growing demand and its heavy rise in price,people have started to decide that bitcoin is not to be spent and it should be treated as a digital gold and so it should be saved.Here after,people would mostly save it and spending bitcoin as a currency would be very less. |
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This was not the bitcoin i had seen!
What in the world has happened to bitcoin
It is almost one day and the transaction has not been confirmed and as a result i am not able to trade in any exchange..
i have heard that the transaction confirmation time has increased but never expected this worst case.. at this rate everyone will soon abandon bitcoin and this is the reason perhaps bitcoin dominance has come down significantly in the crypto space
No one would abandon bitcoin for this reason and bitcoin is still attracting world wide investors.It depends on the transaction amount to pay fee.Higher the amount,higher the fee.But transaction fee is still low in case of remittances from abroad. |
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