Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
In the short term, no, I don't think it would be nearly as popular. Most of the outside attention that bitcoin gets has to do with its crazy price swings. "Bitcoin up 5 bazillion percent" headlines get people's attention. Without that, I don't think there would be much interest outside of those people who are already interested in cryptocurrencies. because many people are interested in the bitcoin first because of the possible fast benefits offered by bitcoin, the proof is most bitcoin users are traders or short term investment users, so i think when bitcoin prices become stable it will reduce the interest of most users and of course bitcoin will be less popular in the eyes of most users |
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Bitcointalk username: iMark
BTCBET.CC username: imark
Forum rank: Full Member
Current post count: 193
Bitcoin wallet: 1NNG73uvJeU4AB3Quv4e4QWJFaLVXbT4PF
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What do you guys think it would happen if all the governments in the world declared bitcoin to be illegal?
How do you think the community would react? What could be the possible solutions?
It is impossible for bitcoins to be illegal. Why? Simply because many people or even organizations depend and earn from here. Also the government will benefit from here. Yet the good things is if this will be illegal the value of it will increased and get higher. Lol I think the government will not pay attention to it, if bitcoin has a devastating effect on the government in particular, even though it is beneficial to their community. of course they will ban it, and besides when you write about "the government will not possibly ban bitcoin", in fact some countries have been banned the use of bitcoin in their country. |
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well i guess its a no, we all know that bitcoin is known as the highest value in the cryptocurrency, so it will not be popular if the price of it is stable like a paper money, and also there are no altcoins now if bitcoin has stable price.
I don't think that there is a direct connection for altcoin and the stability of the price of bitcoin because even though bitcoin has a stable price, we can still trade altcoins because they have their own basis for their price and that is supply and demand of their own cryptocurrency and bitcoin will become more popular if it has a stable price because a lot of business will become comfortable in accepting it. I think even though the bitcoin price becomes stable though, it will not kill altcoin dude. thats right, there is no direct relationship between the stability of bitcoin and altcoin, altcoin will still have a price according to their circumstances and situation. and I think stable prices will affect the level of popularity of bitcoin because most users want a fluctuating price |
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Of course, it is. Bitcoin can improve the economy of one country. We know that bitcoin's value is so high, and simply, if you have a high currency on your country, you may buy anything what the country need. Just simple as that. It can also improve the economy by having an individual a chance to earn bitcoin and resulting on GNP. To increase the country's economy.
Bitcoin is such as an economy driver, so many bitcoin-realated companies were created, bitcoin also offer lower transactions fee and barrier for export sector. So bitcoin has been give positive impact for economy of the country. lower transaction fee? can you feel the high fee on every transaction in bitcoin. you need at least 0.0003 btc to be able to trade in bitcoin or equivalent to $ 1.5 for each transaction, I think the fee is too expensive. even in some exchanges like bittrex and c-cex using a fee of more than 0.001 btc or about $ 4.5 for a single transaction, I think when people use transactions with bitcoin it will only make them poor because of the high fee lol |
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it may take time to socialize bitcoin to everyone so they know bitcoin and get involved in it, if this is the case, bitcoin development will continue to increase and possibly many stores or other means that provide transaction services with bitcoin.
It maybe sooner than we expect though. But of course, it would all be online. Personally i'm seeing more and more buying and selling using btc. I myself am buying from an online retailer with btc. We're not exactly there yet when most retailers accept btc but we're well on our way what I'm worried about right now is not "why are still little retailers that accept payment with bitcoins?" because it will be overcome with more and more users coming in, it's just a matter of time for many stores to start adopting the system from bitcoin. what I'm worried about is that, when many retailers are accept payment with bitcoin, it's a user willing to spend their bitcoin in every day while transaction fee is very expensive? |
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Cryptoworld is not for steady income. Its for investments and business.
If you have a real business then find a way to integrate it to crypto currencies. Then your income will more steady.
But if you are looking to earn money while sleeping you need to invest more money then you can imagine.
I agree with you that business crypto currency and especially in bitcoin is not a slow and proceedings of steady income because it has been seen in the market that in so many short time people have earned more than enough money through bitcoin trading. In view of the market consequences it may not be said that bitcoin is a steady income at all. after all what do you like about a steady income? you only get a fixed income with a small salary right? while doing business, entrepreneurship and trading in cryptocurrency provides a far greater income than just steady income, maybe income will not always remain every month but the income will be obtained from the business will not be limited |
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Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
First of all it is the beauty of the bitcoin to have the fluctuations in the price because it is a better way to make money with this and also people are making much money with this fluctuations , so why you are in confusion. But here your question that which time is best time to buy bitcoin , Here my direct answer for you is , never will came that time . Here i say so , because in my whole life experience in bitcoin i figured out that we should not for tue future to buy bitcoin because the price of the bitcoin always remain at lowered price According to the demand and supply . So if you are looking to buy then don't waste your time because your money is your in this coin and also if the price get down after the buy then it will definitely increase in the future ( in week or month easily ) . Lol yeah I think most users just love fluctuations. they like fluctuations because they provide a quick return on their investment. So what do you worry about fluctuations? the key is just about patience, if you want to overcome the fluctuations you just need to be patient and what you will get is an profit |
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True bitcoin is much better than gold and also safer when compared to gold, through investing in bitcoin your money in a very profitable and incremental way for a while at least because bitcoin prices increase day by day.
For me bitcoin is better than gold.
I am not agree with your point of view because for me bitcoin is much better than gold the price of the bitcoin is very high and it is still growing and other thing that if you will keep your bitcoin in a hardware wallet you can keep your bitcoin secure for life time but in gold you cannot keep it for so long because any one anytime can steal it from you and you cannot carry your gold along with you outside it can going to be snatched by the street robbers but bitcoin is your property that no one can ever snatch from you ever. you're reaching so hard it's unbelievable; first off, there's been numerous accounts and stories of bitcoin theft, you can just Google it and we at least 20 separate, major cases. secondly, you cannot simply compare gold, an asset with a history of stability and growth, with bitcoin, an extremely new idea with a history of volatility. thats true, there are even thousands of news about bitcoin theft, mostly happening in exchange (because it does not have high security). I think you can not tell which one is best, you can not compare on one side only. because there are many advantages between the both, bitcoin and gold are a profitable investment (I think that's the answer) |
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you can use bitcoin to trading just wait until the price of BTC in the market was fall down then deposit high amount and wait until the BTC price where going up but must really be able to read the market do not even lose money
Considering current situation with bitcoin mania and his increasing recognition as varified paying method, it`s hard to imagine that bitcoin will be falling down in the nearest future. So the best option may be trading, if you know what to do. how can you be sure that bitcoin prices will decrease in price in the near term while the increase in users will foster higher bitcoin prices, I think it's just about speculation righ? but trading is the right and safe method to double your money, but you should provided you have knowledge of the bitcoin market and the skills in it |
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What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?
Any one investing in bitcoin or any other crypto should not be a panic seller(that’s if you’ve done your research on the matter) but should rather be rigid an be on his feet to be ready to make the right move at the right second in other not to lose money Everyone knows that investing in cryptocurrency is risky because of fluctuations in the market. like I did this morning. bitcoin prices had dropped a few percent in just a few hours and it freaked me out. because I was afraid of losing too much, then I cutlose (sell it) and the price came back up and I was disappointed, I should be more patient. and it will be a lesson for all users to be patient in order not to panic |
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Well every investors aim of investing is to make good and high profit, and your aim of doing business is to stake high return and if all the above mentioned are likely to be your mindset towards investing I think you should consider investing in bitcoin.
In bitcoin is very easy to make high gains on you initial capital, due to the steady rise of bitcoin to other currency.
Is almost very difficult to loose money when you invest in bitcoin.
True. I can't really believe how bitcoin and crypto change my life. All my fiat savings and other assets including stocks look very pale in comparison with my crypto assets. And this is not too late. We are still at pioneering stage. It can really change our life a lot. Btc been too good for us that it helps us alot in our financial status. Soon it can grow more so we should work hard and double our efforts. No doubt that bitcoin is a very profitable investment. I think if you want to change your life and your finances get better then one way is from investing in bitcoin. you need to know that the potential of bitcoin in the future is still very big. new users will keep coming and it will make the price higher, its mean if you save and invest in bitcoin you will get a profit dude! |
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Are you a bitcoin fan? Do you spend a lot of time on bitcoin? Reading news, trading, or even writing your own analysis. But how did you first hear about bitcoin? Is it some articles you read about? Or just from a friend who has traded bitcoin for a long time? Share your experience with us.  I'll answer all of you question. Yes, I am fan of bitcoin and I do spend a lot of time in this forum to learn new things and to earn profit. I heard about bitcoin last year from my classmates. I saw him that he had a lot of money to spend and I become curious so that I ask him "where it came from?" then he answered "from bitcoin". And that is the beginning of my transaction with bitcoin. most people hear bitcoin first from their friends. they see bitcoin beneficial for their friend then they are interested to do the same thing that is to gain profit, secondly they see bitcoin from advertisement in various media about bitcoin price continuously soaring, actually red line from from this thread is people hear and interested use bitcoin because bitcoin is advantageous |
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If you know price of Bitcoin 3 months ago and saw the price of now then you can understand how increase Bitcoin price in day by day that's why people holding Bitcoin and when it's price is so high then sell by a better profit.
I think not only 3 months but 2 years ago also, I see bitcoin prices go up 200%. I'm sad because I didn't keep so many bitcoins at the time it proves that bitcoin is a profitable investment for long-term or short-term investments. see in the time period a few months ago bitcoin price is still around $ 3000 and now the price has reached $ 5000. up almost 2-fold in just a few weeks. I think that already proves why bitcoin users hold their bitcoins  |
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Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!
In my own opinion, if i have a lot of bitcoin the first thing i would do is i will spend it to make a business so i could earn more money with it like a food business because i love to cook. Then i will save all of the money that i earn in my business for future purposes. I can also buy the things that i wanted if i have a lot of bitcoins. That is the point, I think if you have a lot of capital you can make a business according to the passion you have. 2 btc is equivalent to $ 8000 I think it would be enough for a small business that you will set up. But do not be discouraged by it. look at all the rich people like harland sanders, mark zuckerberg, etc. Start his business from scratch |
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for me make some target is my best way to get steady income , it is like what i need to do to get at least 0.01 BTC per day and after reaching my target i can do other thing
Yes I agree, we should have a target in the past and just do it. I think with our signature campaign took part it would help us to get some btc each week that are simple and will certainly but if you want to get more fantastic value then you can also participate in the project in the bitcoin at least we will get income every month. After that you can follow the program more to increase earnings. indeed! There are several ways for earning good and steady income from bitcoin such as mining and joining signature campaign and gambling trading is also one of then you can earn good income through trading but it is a bit risky you will need to be careful in trading it will be a great out put you receive in the future but don’t rely on bitcoin only do your job as well and you will make good income. Bitcoin should be treated as an bonus income and we should not depend only on it for making money as we don't know what will happen to bitcoin in future so till its alive try to make best use of it by earning it in various ways but it should always be an your secondary source of income so even if it disappears in future it won't affect you financially. no that is not true, nowadays you could always make bitcoin as your main income. time files man , technology will needed in every single of your days . and bitcoin act as your financial technology. a lot of business opportunity opened , starts from freelancer and get paid in bitcoin , build a new coin when you have that ability , do mining and many more! I think there are already many people who make bitcoin as their main income. But most of them actually get a fixed income from bitcoin. many users have jobs as traders, businessmen, investors, so they do not earn steady income from bitcoin, but it does not bother at all even if they use that income for the main income |
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I am desperate to earn some Money/Bitcoins now because I do worry about my future stakes. I would research everything I don't know about Bitcoins, and on how to obtain them. If you desperate to earn bitcoins or money, why not you should try to do a services in this furom. They can give you bitcoin if you doing what the services given to you. I think it is only a day or a week they paying you of your services of their campaign. But that will not serve the purpose of getting money on the spot as by offering services or joining signature campaign you need to wait for certain period of time till you are not get paid so if you want money instantly then either you can borrow it from your friends or family or if you have some bitcoins then you can sell it and get converted to fiat money. Must better to borrow money if you needed, Actually you can pay back the money you borrow when you have bitcoin if you are a familiar of bitcoin or you have account in this furom to participated in any campaign in here. I think there are many ways out when desperate money comes to you, from borrowing money, selling valuables, etc. I think there will always be a way out when you're in desperate money. People who do illegal acts with reasoned because they have no other choice I think it's just their alibi to defend themselves. Because as long as they are willing to try. there will always be a way out |
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As much as I'd like to save my bitcoin for the future, I don't have much choice but to spend it due to everyday expenses, but I am slowly setting aside a small portion of my earnings because I believe that bitcoin would have so much more value in the future. My target is to at least have 2 bitcoins by end of next year.
i agree i also save my bitcoin but i can't save the whole income came from bitcoin or other coins because need to use for the daily expenses to our home to buy food clothes and anything pay bills etc. but i save atlest 30% bitcoin of my income for the future. I think everyone has a need to get paid / bought. many users also can not keep all their earnings from bitcoin dude. of course they will convert some for used pay requirement. Then the financial manageability will be important to do. You're going to set the issue you need to pay with bitcoin and you can set the remaining bitcoin to be saved as an investment in the future. |
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I have think of it and i have save up bitcoin just a the small amount because i have plans for it to have fun like travelling didn't even save it for future purpose. so i wanted to know what are you going to do with your bitcoin if you save bitcoin. Why do you save bitcoin for? and why? what is the purpose why you save up bitcoin to your wallet and not to spend it.
I've been spending a lot of my bitcoin for fun and I don't think it's healthy. Maybe you can say that you are enjoying but those things are just temporary, you should save first for the things that matter. It wouldn't steal your happiness, all you need to do is to reduce spending too much for fun. We are all familiar with the quote that money can't buy you happiness so it would be better if you would first priotitize saving for the future. Thats right dude, i think saving money will not seize your happiness even save will make your future better right? Then I always recommend and oblige save as an obligation that must be owned by everyone. you may have fun but surely you should to have a special fund for that. you can formulate with good financial management |
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Mining or cloud mining is a way. Just be careful how much you might lose of the principal in exchange for it.
You can lose money if you are just investing it to others and letting them run your money. It's better to have your own mining rig and just grow it eventually as you get profitable in your business. That way you can have a steady income. I think the reason why people prefer to mine on online sites because it is easier, not complicated, do not do care for the tools . but of course the risk of a scam will haunt. but if you don't want to risk a scam you can use offline minning to buy tools like rig or other mining tools. you can get Income every day with almost the same amount |
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