Without setting up limits, it is not possible to keep on investing gambling because you may loose all your money in single betting if you don't have any limits means.
We set limit not because of investing but because of gambling. If we dont set limit for gambling then we can use alot of money that we shouldnt use. We will spend money that should be use for something far more important, I have been through that kind of situation that is why I know how desperate it was Limiting is good with not just gambling but everywhere. Gambling is famous for its continuous losses hence limiting the amount we are going to invest with gambling should be within our affordable limit so that we can minimize the losses if our luck is not working for us to make profits. I guess all the gamblers are having some plan to limit their gambling but only very few are following them. The benefits of limiting is not with setting up but only with when we are strictly following it. I guess when gamblers getting addicted then those limiting plans will be having no meaning imho. |
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Bitcoin is actually more suited to be an investment rather than a day to day currency. I still suggest you to buy some and hold them instead of using them, and treat them as 'gold'. If services like fast food restaurants decides to use Bitcoin as a payment method, maybe they can come out with a method that allows for no fees between accounts, but this is just a suggestion. Existing methods including Bitcoinpay, but it still charges a fee of 0.8%, not completely free.  I completely agree with you on this point, Bitcoin should be considered as a fixed deposit like Gold. it should not be used for our daily purposes. but Bitcoin should not be used in the purpose of shopping purposes. because it is a profitable and valuable saving tool. so it should be reserved for the future purpose. it's way better for saving and for investing purposes. Saving since its capable to increase our sacings when it pumps and unvesting for us to have potential tokens that we can get benefit if we have one for their project. I don't really get his points. He doesn't want to invest just because of the $3 transaction fee or what? Check out what's currently happening. I just moved $50 from blockchain.info to a different wallet and today it's already $60, which is $10 profit. So why would someone say Bitcoin is not a good platform for investment? I rather invest here than invest on scam sites and lose money. |
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I and many others just hold their bitcoins and wait till it gets worth more. But that is not how a currency should work. A currency is meant to be used in daily trades for groceries and so on. My question is how can we push the actual use of the bitcoin and what is nessacary to do that ? I think first, we should wait till the scaling problem is hopefully solved in near future, because right now even if I had f.e. a grocery store, I would not accept Bitcoin as payment becasue of the confirmation time of the tx (I would hand out some coupons which can be bought for BTC) After this problem is solved this would be my ideas, I hope you help me gather more: - Convince organisations like amnesty international to accept bitcoin as donations
- Convince big internet companies like amazon to accept payments via bitcoin, this should take a while but with some petitions they might consider it (propably better starting with some smaller companies)
- Start accepting bitcoins yourself, not only on the interent but for example if you are a student and do some private tutoring, and have a small ad for you on a blackboard somewhere, you could print a "Bitcoin accepted" on it.
I am agree with you, I think we need time to fully accept the bitcoin as payment in every countries. We need to spread the bitcoin knowledge to the people to convince them to used also bitcoin in their transactions. But before to spread it to other we need to discover more about bitcoin before we can teach someone about it, because this is will be our key to convince them to use it. You can’t force or push people into making use of bitcoin. Is there choice; they’ve got to choose whether they want to make use of it or not. But it’s quite good if you people supporting Bitcoin start showing “Bitcoin Accepted “. |
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Imagine you have 10 BTC and you automatically got your 10 BCH, should you sell your BCH of also hold for long term? If you sell them you have 2850 dollars
I think it will be a good idea to hold on on to the BCH, I have a feeling that it's value will be rising very soon and since you got it for free, I don't think that you will be losing anything if you hold on to it for a little longer and see how things go from there. Yes but it is now continuously dumping. it is a free coin. It can also be compared to dead coins in few days. We can't predit the price or the future of BCH now. BCH can even reach 1 satoshi or even 1 BTC. Individually i will start inveting and trading in BCH if i see some good movement in it's price. |
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If I remember right all of the gold in Fort Knox is only worth only around $200 billion usd.
That's not a lot of collateral to back a countries currency, economy or debt.
For gold standards to be effective and functional, the value of gold needs to increase. This might be accomplished by more support for buying/selling/trading of goods & services via a gold standard. To be honest, its not something I've given a lot of thought to or researched. If demand for gold increased, and buying/selling volume for gold raised, the value of gold could increase via supply/demand. Gold being more valuable could make it more effective as a backing.
Some other form(s) of collateral might also be developed which were more effective at backing a countries currency/economy/debt than gold currently is. Instead of a gold standard, perhaps a precious metals standard could be introduced where a variety of precious metals were used to back currency/debt/etc. The gold standard is tried and true in the eyes of many. But that doesn't mean it couldn't be improved upon(or regressed lol).
I’ve once had interest in gold, but that was long before I discovered Bitcoin. Getting straight to the point I would say I’m in full support of what you said. $200 billion USD is a small amount to back up a countries currency, so more is needed. Having a government that issues digital currency doesn’t mean it’s going to beat Bitcoin. |
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who among you here heard bitcoin back in 2009 and 2010? I was one of the people who is very skeptical about it and I really regret it.  I missed the best opportunity for a lifetime. Even i do regret for it now. In 2009 the price for one single bitcoin is 0.52$. And now it has crossed 3300$. Just imagine if we would have purchased some 1000-2000 bitcoins at that time, what would be our situation now? We would be a millionaire. I always wish to get a time machine even if it is not possible  |
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Some tech-savvy wedding-goers are gifting the digital currency to new couples. Honeyfund, a honeymoon registry that allows guests to give cash rather than gifts, has seen more than a dozen customers donate in bitcoin, said chief executive officer and co-founder Sara Margulis. In recent years, more than a dozen customers have chosen to route donations to the site from bitcoin wallets. Zola, a wedding registry website, has had just two cash funds created for bitcoins since 2013, a spokeswoman said. "I would expect it to pop more as millennials come into the wedding age,” Honeyfund’s Margulis said. “It’s something you will do if your friends and family are already into bitcoin. Bitcoin as an retirement plan, bitcoin to secure the future of your kids, and now bitcoin as a wedding gift. Whether or not bitcoin replaces cash in future, it looks like the trend of gifting bitcoin instead of cash at weddings is definitely going to catch up and more wedding registeries would be adding bitcoin as a gifting option. Avoid using a wedding gift "as an opportunity to proselytize a technology you personally believe in, but the recipient could not care less about." People who are not into bitcoin might not appreciate getting a volatile currency as a gift, and might never use it, thus adding it to the list of lost coins, but I think people who are already using bitcoin or would most probably use it in future then bitcoin instead of cash is the apt wedding gift for them. http://www.marketwatch.com/story/would-you-give-bitcoin-as-a-wedding-gift-2017-06-27Yes, bitcoin can only be accepted by technology lovers. If you present bitcoins to a totally new person in bitcoins then for sure he would hate it and the coins may be added in the list of lost coins. But if you present to a bitcoin friendly person then he might find the gift more precious. |
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Has any one got a decent Litecoin mining set up they would advise using?
Thanks
You can try purchasing Antminer L3+. It is the most efficient litcoin miner untill now. It can give you a good profit of maybe 20$-22$ each day. It's pricing on the official site of bitmain would be around 0.7 btc i guess. You can try purchasing it. It is out of stock currently but you can try contacting BITMAIN for the next sale and you can stay update to the site. |
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At the rate at which governments are printing money, there should not be a problem buying any derivative and even bitcoins. People will just buy smaller quantities as the price goes up. A full bitcoin might be beyond the reach of millions of people now, but in some years from now, owning a single Satoshi might be a big accomplishment.
We might even see Satoshi's being subdivided into smaller units, who knows. ^smile^
Yes it might happen. The rate of a single satoshi might be good enough and holding a single satoshi would be profitable that time. But for that, the price for bitcoin need to be plenty high as compared to now. For now, with a single full bitcoin, we can be rich enough and can pump any small coin in the market. |
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I can see that people nowadays are busy searching on money and everything depends on money. People nowadays never go to church just because they would rather earn money rather than praise God. Others do not pay respect to elders because they earn money for them or richer than them. Well for you, is money above all things ?
At least on this forum, money matters. Everyone is here on this forum to earn some money. Money fulfills our basic needs and it matters a lot. Without money, we cant even get internet for use. Money is above all. It may sound unfriendly but everyone runs behind money. Humans made money and now money is controlling humans. |
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Dollar remain and strong as global currency and cannt replaced by cryptocoin. Bitcoin not strong and spread around the world and there is no bank that gives credit to its customers, so bitcoin still a virtual currency and hasnt touched conventional world of finance.
I didn't actually get you. Each bank gives credit. And also bitcoin has touched the conventional world of finance. Bitcoin is used in many financial services. Huge amount trades are also carried with bitcoin. Bitcoin has a wide growth. but still the fact is, it cant replace any centralised currency including dollar |
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To begin with, I want to apologize for my English. This is Google translator  I hope that the meaning will be clear. Dear community. I wanted with your help to answer for yourself the following question: Is the bitcoin and the rest of the crypto currency decentralized so far? Decentralization is a state in which there is no single center. But we all know that most of the computing power, which in the majority is signed by the blocks, is concentrated in China (since almost all the computer technology associated with mining is produced there) and even in South Korea. And in fact the issue of accepting / not accepting SegWit is decided by the Chinese with the Koreans neighbors. All is well, but the zone of distribution of crypto-currency is not limited only to China and South Korea, what to do if there is some kind of prediction stone, and ordinary users of bitcoin will disagree with the miners on any issue, even scaling, what then? The answer is obvious, the owners will take the upper hand of pools ... again the question is whether Bitcoin is decentralized? thanks for answers Definitely yes!, Bitcoin is known as the first decentralized cryptocurrency in the world. It has no central management, control, and system. Bitcoin was ran by peoples that uses electronic equipments like super computers. Decentralized money can grew larger that national currency, we all know that the vale of bitcoin was growing bigger. Bitcoin also have rules, process, and operations but this rules can't be change with the approval of the million users, like i said a while ago bitcoin was controlled by users. Bitcoin is the first blockchain-based cryptocurrency and it was created as a peer to peer payment system that allows its users to transfer value with no central authority or third party involved. It is definitely decentralized and as you mentioned Decentralized money can grew larger then the national money. Bitcoins was introduced to make e-payments without really exchanging any paper money. |
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I dont like dumping bitcoin or bitcoin class because I have both that coin. And i think if bitcoin become sucessful and the bitcoin cash for sure becoem succeesful too . Because bitcoin cash is the son of bitcoin for me.
It is not bitcoin class it is bitcoin cash first of all correct this because it is meaning less comment so I would like to say first of all thing what are you writing. You should need to preview your posts as well that you have mentioned a right comment or wrong. As you talking about dumping and pumping then it will be always pumping not even goes to dumping. |
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Bitcoin can raise to $5 k yet perhaps by next year.I'am idealistic that it can go up to $3.5k/4k preceding the finish of this current year the pattern demonstrates that Bitcoin esteem will keep on growing up and will give exceptional yields for financial specialists
$6000 even possible as well because as people talking about 1 August that there will be a huge change then right there will be huge change which can change the people lives. Because it will directly reach to $3500 above so I would say that $6000 even more possible as well. Today I will go to buy some bitcoin that I will be rich buy end of August. Because you know hope for the best. |
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Here's a question I have had for a while, it might be a noob question but always wondered, tried using the search function but it would time out each time.
Currently, there are 16.5~ million BTC in circulation, with a max supply of 21 Million.
What is going to happen when all coins are mined? Not solely meaning on how the price is going to be affected.
I don't think anything is going to happen after 21 million mined Bitcoin, or maybe something might happen. But I've always believed that the mining goes on even if it reaches 21 million. And what else?...from what others are saying, miners might as well get tired of it, all because of a low fees/profits. |
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I think there is a lot of interest in bitcoin as an investment and store of value. People in countries with high inflation can use bitcoin to hold their savings. I think bitcoin has a future in this use.
yes,of course.bitcoin have great future bitcoin give earning opportunity.and many people trust on it. Bitcoins have gained massive support around the globe in short time and I don’t think so it is going to lose this support ever. People like investing in bitcoins in order to meet their daily life necessities. They enjoy earning a profit which can help them making their dreams come true. In short, bitcoin is a love of many. |
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There are so may ways to earn BTC BITCOINS Typing Captchas,Claiming in Faucets but this is required more time to earn. Also you can earn here in Bitcoin Talk Forums.But before you earn here you need at least Junior Rank to be accepted . Other is Freelance Jobs Use your skill to get paid.
Faucets are very slow way of earning bitcoin, and i believe that faucets are just wastage of time. Social campaigns and signature campaigns are better options. I used to play the faucet, I get some satoshi it is very valuable. After so long I got tired of the Faucet when I became worthless. Already 2 years I follow this forum, I have got the right place to get BTC without investment. That's really great you must providing a good skills that's why you are earning without investment. Because we know that signature campaign one of the best way to earning money. As you are earning from signature campaign you should need to see the market as well it will help you more. About Faucet then it is useless toward signature campaigns. |
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That was the main issue "HIGH FEES". But i think it will be solved sooner so its not to worry. Even if restaurants start accepting bitcoins, they will find some way to recieve and send bitcoins without any fees. Some wallet to wallet transactions doesn't require fees like localbitcoin to localbitcoin wallet. It send the transaction without any fees. I hope restaurants will find something like this for better use.
I agree with you because some of my friends also avoiding bitcoin due to high fee structure of bitcoin. I think this problem would be settled in future very soon because the management would not want to discourage people. It is right that if restaurants start accepting bitcoin then it would become very easy for bitcoin holders for their smooth and without any fee payment. I hope the issue will be solved soon. |
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Yes,it is true that trading is definitely an unpredictable job. You will never know when are you going to gain or loss.
Yeah you are right tat trading is unpredictable job but in my opinion trading is the best way to get profit than any other way to earn it takes you from lowest of you to the top. And that is also right that trading in unpredictable and that is the beauty of trading. No one can tell you about the future. In future there are more chances to get profit if you are using BTC. Because there is no chance of its value to fall. |
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When will the market begin to grow again? Your thoughts Recently, because of the upcoming hardwork bitcoin, the cryptocurrency market is falling. When will the market begin to grow again? Your thoughts  The markets have shown some signs of recovery for some days however I think alts will need time to recover to their previous prices of this year, unlike bitcoin that seems ready to make a huge jump at any moment, so for now I think the most profitable investment in the next months will be bitcoin. This is right every time bitcoin shows a record breaking increase in value it never disappoints its investors. It will nearly be seen that bitcoin will increase to such a value that no one can never imagine. Unlike others it has ability to take over the world. At any moment it can be happened that it gains high value like never before due to increase in its users. |
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