I think there are two huge problems concerning the Bitcoin’s future use in daily life.
1) Slow transactions
It’s a turtle compared to most of the other coins, why should we choose Bitcoin? We actually need real time payments (as we already have them in real life)
2) No reimbursements
Paying using Bitcoin (or other cryptocurrencies) can be really really stressful.
If I make mistakes in sending bitcoin (and people make mistakes all the time) I won’t never get reimbursed in any way…it’s not the same with FIAT.
If someone clones my credit card I have some chances to get my money back…what about bitcoin?!
At the moment, it’s impossible that Bitcoin or other cryptos are going to replace FIAT money in every day’s use.
Moreover, some more modern currencies have a better technology.
If we really will use cryptocurrencies in daily life, why should Bitcoin be the best coin to use?
This is the key question, because if we won’t use it, Bitcoin will be worth 0 and not 100.000$ as someone says.
You make half valid points, like when you say it's a turtle compared to other coins, well known this first of all, your transaction will get confirmed sooner only if you pay more transaction fees. Because at the end of the everyone wants profit, your low fee transaction will only be accelerated after the high fee ones are completed. Bitcoin sadly is not used for hugeass purchases at the moment by most of the people. Can you explain me how can one clone your bitcoin, or do you mean a bitcoin debit card? Well I guess I haven't heard any one having issues with it except for that of the fees. |
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I know some coworkers that sold BTC today, they are real casuals, they got into BTC because they heard it went up a lot, they don't know even to set a local wallet so they store their coins on Coinbase or wherever the fuck they buy at.
Well, they sold today at at the dip near the $4000 double bottom.
The irony is, these casuals are the ones that are always complaining about how it's unfair that BTC is distributed in the hands of few whales, YET, they are the ones that constantly panicsell and give their cheap BTC back to these same hands they are complaining about, because guess who is profiting the most on these dumps: whales. They buy lots of cheap BTC.
If you want whales to stop having so much BTC, don't panic sell or you will keep feeding them. Just focus on your own portfolio and keep stacking BTC on the dips. In the long term, we will win.
You got a problem right there,some dumbasses remain dumbasses forever and never change,no matter what you tell they are adamant to listen to anyone. But eh,who cares, they help the markets to be healthy and benefit a lot of people who are smart and know on how to get some capital gain. So let them do what they want, not everyone is dumb in this world.  |
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i am kinda new to Cryptocurrency .
i am going great in stocks. its really technical and fundamental kinda investments
as i see Cryptocurrency its alot more easy to invest and forget
should i shift to Cryptocurrency and start investing without tension and stress?
Stocks have literally zero percent of having legality issues unless and until the company does some illegal maneuver made by them but most probably the government will take over that company and make sure that none of the share holders are disappointed with the company and also they get their ROI. But in cryptos it doesnt work like that ,so its risky and countries like China and S.Korea banned ICOs because again they want to make sure that their citizens don't get cheated on. People who have been using stocks will prefer stock and people who use cryptos will go for cryptos most of the time,the future lies in the hands of general people. |
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As per we can see the interest in bitcoin of people is increasing at a high rate...I believe it will be our future...but will the shoppingsites like flipkar,amazon be able to accept bitcoins?
may be in the next generation.......thanz fr reading
Yeah bitcoin is likely to be accepted as a payment in amazon by the edge of this year. A lot of people excited bout this.. The growing interest that is willingness towards bitcoin is increasing and thats because of the freaking price and nothing else. Ask people about bitcoin they will either tell you that they don't know what it is or they will say that's price is so and so.. Hell someone said that bitcoin was fucking company. Guess you just can't avoid the existence of dumbasses in this world. |
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Some media shows that bitcoin can be the next weapon to control the world economy. i think it is true and it will be seen soon.
It can be a weapon but the likeliness of such a thing to be true is near to 0. It would be total irony if bitcoin does "Control the world economy",because ya know that bitcoin is decentralized and economies are usually centralized and how in the world can a damn crypto currency control world economy? And you believe in the lame as fuck bull shit that media says? They just say stuff to seek attention,wannabes mostly. |
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To be honest even though a lot of people hate banks, they now play an essential role in the world economy and it is almost next to impossible to remove the banking system from the world. Banks are the ones that are sought after when you need to do a quick cash transaction. It would be better on how things are right now, banks and cryptos coexisting and just one thing needs to be done is to create welfare amongst people. |
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We know that Bittrex and Poloniex are the most sought after exchangers. But I want to know which one is best to trade? and I want to know why. Thanks.  Bittrex is good for trading but I heard that people are having some issues with bittrex from a past few days, I guess they couldn't access their account or something, you can use that exchange once all the problems are solved. Poloniex on the other hand is good, has a good liquidity ratio, but I just feel it's not the best exchange at the moment. |
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Probably man, you never know what can happen and when it will happen, keep every possibility in mind for it's worth it and you will get to experience it only when it becomes a reality. Still have high hopes on bitcoin and in 2 years a lot of stuff is going to happen and you definitely gonna see some drama happening. |
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Actually that's required for bitcoin to grow more, if the price keeps on increasing number of people who buy bitcoin regularly will decrease substantially. Whereas if there are regular drop or pull backs, then it would be customer friendly, and people will wait for the opportunity to buy more at a lower price, one of the very popular marketing strategies which works very well most of the time. |
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Right now there are many ICOs coming out, is it really safe to participate in any of it and spend that much? In participating ICOs I have high hopes that these coins could be the next Bitcoin or other currencies that are really going up in the market.
A few of them are very promising though. They care about the community and they concentrate on what mainly the community and investors want. More and more number of scams are getting created and the good ones becomes less. They are a great investment opportunity and can get get a Good profit ratio if you wait for it. But be careful lots of crocodiles are out there, will bite ya the moment they get to analyze that you're in a weak position. |
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[Edited to make it more understandable question] What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.  That's not possible but hypothetically let's assume that such a thing will happen, now we all know that US can produce any number of currency notes when compared to other countries because of them being a super power. Now if they start adapting such policy of one currency world, who will decide on which country should have the most power to supply currencies without corruption involved? In an economy there are various things that need to be looked at before even thinking of doing something. People will talk about the good and bad sides of it the whole day without being tired. |
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A lot of ongoing stuff is there in Russia about crypto and one person is claiming onething and someone else is claiming another. Russia first asked miners to come and mine in Russia, and then they claim to regulate exchanges or even block them, then Putin asks officials not to concentrate on bitcoin but at the same time they want to launch their own coin called coinrubble or something, and now this. Looks like Russia is giving a tough competition to China and JP Morgan. |
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hello just 2 days back
I sold around 17 BTC for 4968$ on bittrex
and bitcoin price got pumped recently
should i wait for price drop or should i buy at current price ?
That's sad, you have to take the responsibility for such a mistake to happen, cause you were holding 17 btc and you didn't analyze on how the market is going to be and the possible reasons for it to go up/down? You kidding me or are you bluffing about you selling 17 bitcoin or do you not know how to be a smart investor? Don't make such a mistake again, but no use of regretting now cause what's done is done, no going back. |
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Hi guys, maybe it is silly question but does anyone know for sure will there be Bitcoin Gold coins even for people with less than 1 BTC in wallet with private key?
You technically should be getting and you also claim that you have the private key to your wallet, shouldn't be much of an issue. You will be getting bitcoin gold after the hardfork this month. Don't confuse yourself very much, you will get into a mental dilemma. Be happy and enjoy your free money you will be getting. |
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https://www.c[Suspicious link removed]m/2017/10/16/jpmorgans-dimon-betting-on-blockchain-even-as-he-calls-bitcoin-stupid.html He says he going to use block chain to speed up international Bank transfers from days to minutes.. Wow. What a visionary  Possible, quite possible in fact. IBM has decided to use block chain as well, followed by Oracle if I am not mistaken, this is going to revolutionize the whole world with block chain being used by all most all the sectors, I am very much looking forward to see that happening. The number of frauds will them totally start decreasing once people start to corporate with block chain technology. |
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Hi All,
Please help me understand in plain English how will we benefit from so many currencies?
I see so many startups with decentralized blockchain ideas with their own crypto currency.
Today I purchased oatmeal directly from a mill at their website.
This mill sells its products thru grocers and other online stores as well.
They probably gave 3% to the credit card company, which they could reduce by using blockchain.
But if every store and every business starts creating their own currency, then I will have to go thru an exchange to convert BTC or ETH to that coin to make some purchase.
Then we would need miners to process all those transactions in various coins.
Why can't they just use ETH? Just like all IPOs use dollars.
Thanks in advance
That's the specialty of cryptos, they don't want to use eth and there is a clear profit motive behind it, how it works is that it takes a couple of hundred dollars to create a crypto because entering data into blockchain is easy, like they say. Then the company issues the crypto to the investors in return of eth and after the ico ends the coin may be listed on a terrible exchange which won't profit the investors, but it increases the profitability of the owner. |
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Rookie question folks,but I'm sure a lot of us wants to know the answer. So, we all know next two month we are going to have 2 more hardforks in 25th october and another 'New York' hardfork somewhere in November. There are good news and bad news. The good news is, most likely bitcoin holders will get free coins. But the bad news is that there are articles like this https://cointelegraph.com/news/november-segwit2x-hard-fork-could-see-newbie-users-lose-bitcoinssaying that we might lose bitcoin. Well for that, techies and bitcoin experts in the forum, please do share your take on this issue to clarify once and for all for us laypersons. Will our bitcoin safe during these hardforks? (I'm personally using bittrex to hold my bitcoin) Newbies might lose their money only due to utter foolishness, just there was a precaution during the first hardfork saying that it's risky to move the your coins during the fork and you might not get your coins back, something like that. But other than that, you won't be having a problem. |
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That's no use, let's just agree for a moment that Sweden does implement a cashless system, and here are the consequences: Sweden will require a lot of miners for mining purposes, the transaction fee will exist, taxes will paid for that, it will take days sometimes for verifying transactions. Unfortunately crypto is inferior to fiat in these aspects which is why it's not been implemented yet. |
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Imagine the situation in which we don't have any physical money and every currency is digitalized. The US dollar is now a token, the Japanese Yen is only in the network and the British pound is a fast-moving digital coin. What are the consequences of such an economy for the poorest of the population? Do you think that a few people can influence the digital wealth of people and wouldn't hackers be the best people to have as friends?
That's actually not good for any economy because the GDP of the economy will be affected very badly when it would be compared to an economy which only uses physical coins. Most of the economists consider crypto as a transfer income which again is not used when national income or GDP is calculated. And poor people will find it really hard to use cryptos as they might have not even used a computer before and they don't such facilities as well. |
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