people that are saying that they will never spend their coins are just lying. the price that is going up is always too tempting for people to not secure any profits. that being said, if i have made some decent profits, then i am definitely securing profits from time to time. it allows me to buy back at the time the price goes down. it's smart trading.

cash money transactions are also anonymous. but still, people always tend to blame bitcoin for that. i think this will never change. but i think that's mainly due to the fact that bitcoin doesn't have a central authority like fiat has with the government. that's for the average joe a very important thing.

the majority of my coins that i make come from trading profits. my target for each year is to gain around 100% per year. further i get a small amount from my bitmixer campaign every week. but i am very happy with how i have been doing in the last 2 years. can't wish for more.

local initiative charities that are run by volunteers here, are not connected to anything. they just supply people living below the minumum standard wage with food once a week. best thing is that we know everyone here. that gives you much better control over the entire project.

people thinking that it is possible for the price to go up that much are just dreaming. at some point a price in the few thousands is possible, but nothing in the 5 figure range. i think that's simply unrealistic and basically impossible without institutional investors on board.

i am quite sure that a lot people here that are saying "i will help by doing this or that" will in reality not do anything. people are here for themselves. their first and only priority is to earn money. that can be done with all kinds of methods. one does it with signature campaigns, the other does it with trading, another person does it with offering services. but it's always focused on themselves.

i wish more people would not care about what the media is saying about bitcoin. if they wouldn't care about what the media is saying, then a lot more people will realize that bitcoin isn't a safe haven for criminals, or the currency of the underworld as the media likes to call bitcoin.

people here just say something. they don't think about the risks that come with having bitcoin as your main salary. in reality, they will not accept bitcoin as their full salary. they just say so to bump their post count.

i don't trust charities anymore. and yes, i know that's a very sad thing. but time on time again you hear that one of the people in the high board of the charity commit frauds by sending the money to their own bank account, or they give themselves an insanely high salary with a few bonuses. i much rather donate to a local charity than to a well known one. locally you at least can see what happens with your money.

it's almost funny to see that the older generation try to avoid banks because they are operated by people gambling with their money on the financial markets, and that they avoid bitcoin due to the fact that it doesn't have a central authority. so yes, they end up holding large amounts of cash money, or they are hoarding gold as that is the only thing left for them to "trust".

when people buy their daily needs with bitcoin in their local stores, then it's not really free as you are supposed to include an average fee with all your transactions. if you don't add any fees, your transaction will most likely never get confirmed if it's a relatively low amount. that's something you should keep in mind.

banks will never vanish. especially because of the fact that the far majority of the people and businesses depend on them for various purposes. bitcoin and banks can function alongside each other without any problems. that's why certain people should stop with thinking that it's possible to for bitcoin to replace banks and stuff. it's impossible, and there is no need for bitcoin to replace anything.

it depends on what you consider to be short and long term. if long term for you means holding your coins for a few years, then you can buy yourself into bitcoin without any problems. even for a period of 5-10 years it can be a great investment if bitcoin lives up to its expectations.

it can't become reality because there is no way more than 7 billion people around the world will use the same thing. that's not even the case with the us dollar from which the adoption level is the highest of anything in respect to currencies. we must be happy when we at some point in the far future manage to have 1% of the world population to use bitcoin. 1% translates into +70 million users.

people have different reasons on how and why they use bitcoin. in that aspect, someone using bitcoin solely as an investment tool, is not interested in using it also to buy stuff with. their only route is, buy bitcoin with fiat, and sell bitcoin back to fiat. that's all these people are interested in.

people relate things too much to how the price has been in this or that year. i think only a few percent of the people actually find that technical updates such as segwit make bitcoin go really forward. and thus in that aspect, it should make it a mile stone instead of the year of bitcoin. i don't like that term.

with crypto currencies in general, it's very easy to set up a scam site for example, and then completely disappear with people's coins. of course you can still follow them in the block chain, but that's all you can do. especially when the scammers in question have thought out every detail.

holding your coins for several years isn't easy at all. especially because a lot people get tempted to sell their coins as soon as they see the price is going up. that being said, you can just save 20-25% of your coins for the real long term, and the other portion of your coins might get sold in order to secure profits. that way you can enjoy seeing the price go up as you have some coins left. seeing the price go up while you have no coins isn't a nice thing. just make sure you don't come into such position.

the percentage in fiat shoud always be at least 50% since you at all times must have money aside for when you need it. the only negative aspect of gold for me is that when you plan to make a large investment, that you have it in physical form in your house. out of safety purposes i only have a small amount of gold. and yes, i know that banks offer an option to store it for you, but i don't like the idea of banks having even more control over my wealth. that's why i will never buy a lot gold.

i personally don't think merchant acceptance will do much for the price. especially because of the fact that they use a payment service such as bitpay to convert everything to fiat in an instant. i think it will be a much better thing that we try to attract more wealthy individuals that will use bitcoin as a store of value tool. that's how we can impact the price significantly.