Technically, bitcoin is not a money but some of it's functions is like money. Just like it's function for currency exchange. Bitcoin can be use as a medium of exchange. It can also be use as payment for salary. Bitcoin is now considered as the future money.
I think as long as bitcoin could be used to buy goods and has a rate or price in another currency. Any form of bitcoin. I would say that bitcoin is kind of money |
|
|
|
Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
no it will never be. because it is the first and father of all alt coins and it has the highest value among all other crypto currencies. and many of people in the world are now investing on it , people get interested on it. i think bitcoin first created as cryptocurrency. does not mean that bitcoin will not be replaced.. I think if there is a more sophisticated coin then all users prefer to us new coins then bitcoin will be replaced |
|
|
|
I doubt we will ever see bitcoin below 100$ so I will have to buy when it reaches it's lowest now  I also doubt it. bitcoin prices are rising trend for this year. but you know. all can happen in bitcoin. so its possible to go back to the price it stays there. keep watching mate Even if the price falls it won't be that low as it seems to be impossible, I don't think it can go below $300 in future, so just relax and enjoy the fun ride. Yes, Agree with you. Price will not fall that less.It might go to $250 but never less than that... so don't set yourself with some illogical expectation. I'm starting to believe that the price of Bitcoin may not ever drop below $500 again. Even a drop that low would cause panic on this forum after seeing prices around $1300. It will never or if the price around $500 I must buy thousands of bitcoin and try to sell my house like someone else did earlier. I think even the price of $ 500 is not going to happen again because when panic selling occurs then the price dropped and there will be many users who use it to buy bitcoin again, and then the price will go up |
|
|
|
While that seems nice there are many reason why someone may decide to sell their bitcoin besides monetary gain, maybe you need the money because you need to buy something you need, like a car or maybe someone got sick and you need to pay medical bills, so it is not as easy as you may think.
with specific reasons as a matter of urgency may not matter to sell your bitcoin but if the reason is not so important. better resist the price would be much higher than now and far more profitable |
|
|
|
|
I think if you're using bitcoin only for short-term investments. you're not going to save a lot of bitcoin in your wallet. because in the near future you would have to trade on fiat, nor me. This time I did not have in the bitcoin wallet because I was waiting for the price fall to buy
|
|
|
|
Well in some countries, Bitcoin is banned. But eventhough they don't encourageusing it, there are still lots of people using it in secret. They cannot monitor who uses Bitcoin because one of its characteristics is you can use it even without proper identification of the user.
because bitcoin anonymous then user identity in bitcoin will not be known. So even if the country banned the use bitcoin you can still easily use bitcoin with freely |
|
|
|
Since I started bitcoin quarter of lastyear, I never purchase anything using bitcoin. All bitcoins I earned is invested to crypto trading.
I think it's up to you to use bitcoin for spending or not. because each user is free to use for any bitcoinu. but one thing is important that saving for the future is quite important |
|
|
|
I became so if the price is high bitcoin buy homes to live with my family.
may result from this bitcoin I would investment after buying a house.
thanks bitcoin.
buy a house is not as easy as you'd think. I've tried almost 4 years in bitcoin and I have not been able to buy a house. perhaps because I was too extravagant or anything but to buy a house needs a lot of bitcoin? |
|
|
|
|
what is certain is bitcoin prices will be much higher than now. but if you've got a target price and already profited, not a problem to sell it now, because the chance no one knows when it will come?
|
|
|
|
Now many have doubts that bitcoin can become a world currency. Nobody knows what will happen to bitcoin tomorrow. Therefore, we can not now talk about the good future bitcoin
I think the future can be predicted from the current bitcoin development. if the development of bitcoin is bad then the future will be ugly. but you can see the development of bitcoin is very good |
|
|
|
The problem with price being the major attractor to people is that they will invest in bitcoin just to speculate with the price instead of believing in the technology and that will open way for another bubble to form, we can benefit of that in the short term but like every other bubble it will eventually burst and that will be bad for us in the long term.
Price is a magnet for people to research and eventually invest in bitcoin - we cannot deny that. It was and always will be like that. I was the same, I came to BTC looking for fast buck and extra money, but in the meanwhile I learned enough about BTC that I am here to stay. Volatility, bubbles, speculations - they will be part of bitcoin for a very long time; don't try to fight the trend, embrace it. I wont but the problem with those people that only come to bitcoin for the price is they will switch immediately to any other coin that promises them the possibility of earning bigger amounts of money in the shortest time frame possible, they are not in bitcoin in the long term. I think the characteristics of each user is different. I myself was initially interested because bitcoin because of their high price. but it does not mean I'm going to leave it in a short time. I even had 2 years to be here |
|
|
|
I like to buy at 350$ and sell at 1100$. It's the best thing I love at bitcoin really. but that can not happen again? because it's so difficult for bitcoin prices to fall as low as that at least if you want to profit you could take the opportunity when prices fall It probably won't fall to that price again, but in the future we might say "I like to buy at $950 and sell at $2000". Definitely, bitcoin value now is quite impressive,it arises more than it goes low. So I believe too it will not fall that slow but soon will be able to sell it double or triple times we bought it,so better save now. It will happen, and back down to the price it was when bitcoin will die. but for several decades where bitcoin will be more advanced then the price will continue to rise. |
|
|
|
The price so far of bitcoin at the present time now was dropped at 1035$ this is a good opportunity to buy bitcoin now, a it could be a day or weeks to come bitcoin will surely recover and up again. Just hold on tight for the value increase of it.  currently the price of bitcoin is trading below 1000 USD so i think it is really a very good opportunity to trade bitcoin in such a low price because it is expected that the price of bitcoin will recover its position very soon. right now bitcoin price was 1151$ it is still good time to invest it, because it will go up to 1300$ and we just don't when it will be happen it can be a days form now, a weeks, or a months just lets us wait and see. beginning in bitcoin prices touching $ 1300 and the current price is still far below the $ 1300, I think this is an opportunity for you to buy and collect bitcoin. before the next pump comes |
|
|
|
Perhaps we need smaller units than 1 satoshi?
I agree with you. This is undeniably needed since $1 is not the smallest unit of money and satoshi, in contrast, is the smallest unit of bitcoin. So if that (Satoshi becomes equal to $1) happens, there has to be Satoshi Jr. if bitcoin worth that high of course we will need a smaller unit than 1 satoshi. for under 1 dollar is also still there? but is it possible to happen? |
|
|
|
It's still a currency, but right now the price was changing really fast. I think better to sell right now your coins and wait for any dumps, if you read the last news we had a lot of issues with lost bitcoins 3 billion bitcoins been wiped. Indeed, we know that anything can happend in this 2 weeks better to buy some fiat money and save them for next invest
Those people that are thinking bitcoin isn't a currency now are those people that wants to make their coins pumped and used by bitcoin users. They are spreading lies throughout the forum just like what happened with bitcoins price. It's dropping because of their ambitious goal to make in line with bitcoin which is a crazy thing. I think the bitcoin currency. All that you can buy a product can be considered currency. As for the price, I think it will fall further. It is impossible to keep such a high price. Stable the currency will not. I think they could not use bitcoin for spending easily and freely. so they say that it is not a currency bitcoin? I think it naturally happened |
|
|
|
In certain ways bitcoins cant replace, No government will allow that to happen, The government wants to monitor purchases by the people and the moment bitcoins is what everyone uses and the government cant monitor it, They will crack it down .
the key is the government's true, as long as the government still prohibits bitcoin bitcoin will continue the illegal and it will make the user is limited in use bitcoin. |
|
|
|
The answer to this can only be answered by you as some people are expert in trading and some are not making profit from it. I would say for a begineer both won't be that good as trading requires skills and there is a chance of getting a loss but you do get some amount from your initial investment. While investing is also risky as if you invest and the sites takes your money and runs away.
Not only these both but every field in the life need to learn before joining that. If a person is starting trade then he will have to learn first and for investment he have to study that how and where to invest By the way if that person is asking for them both then he may have some knowledge about them. Therefore if you think that trading is a good method try to learn there. because good traders also previously a newbie and they are great for learning first |
|
|
|
No/low transaction fees unlike most credit card processors.
That or that it is completely anonymous between the sender and receiver.
I think in the future the low transaction fee will be rarely used. because when you use a low fee for the transaction confirmation will require a very long time, even more 24 hours |
|
|
|
of course if the user does not buy bitcoin there would be no demand so it can make bitcoin die. but a government ban will not make bitcoin die dude |
|
|
|
the system teach to kids not diference another people is same
the first learn about bitcoin wallet, make bitcoin addres, safe addres and more
is about wallet addres is known, so learn about find bitcoin
but how to make wallets then get bitcoin if small children do not know what is bitcoin? they will not be able to understand what is bitcoin? |
|
|
|
|
Show Posts
