I called around some stores to see if they accept BTC, no one has even heard of it except like 0.1% of people. Wait till people actually find out this exists...
Because it is not yet legal to most of the countries. And the legalization will be the way for the retailers to recognize what Bitcoin is. Or if it will be demanded by their customers. That's the advocacy of Bitcoin, which is to ebcourage more people, organizations and companies to invest, use and be one of the Bitcoin community to make its demand higher. If we will be able to encourage more people, it will be more popular to the market. I think without legalization bitcoin will still spread to all corners of the world. But its spread is not massive or slow I admit that there are still many people who don't know about bitcoin. But it is a natural thing because bitcoin is still young. but over time. people will start to recognize bitcoin because bitcoin spreads |
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If the world still has the thing which people consider as money, there will always be poverty. People are trying to adopt as a new kind of money and therefore, I do not think that can easily end world poverty
it is really helpful and i think it is doing this very well. it is very helpful in giving people jobs and it is reducing unemployment from the world. most of the people who are in crypto world and had invested in it or earning from signature campaign are doing good and earning good profit from it. I think in addition to bitcoin users are still a little, of course only a few poor people who use bitcoin for their income. Even I think there is no poor here. So although bitcoin is very beneficial though. if it is not on target then surely it will not reduce poverty? Let alone to eradicate poverty is not the job of bitcoin |
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Apart from the post points you have mentioned for me bitcoin gives an immense stability to me by providing Internet based income. This income is additional for me with which I can buy many stuff for me and my family. I'm grateful to it in many ways, as it has given the financial freedom which I couldn't get from real job that I'm doing. Moreover time is the barrier in real life.
There are many reason why I chose bitcoin, But I will give 1 top reason, that is decentralization of bitcoin. Because of this features of bitcoin all government in each country are not capable to control it. That's why we bitcoin enthusiast called "The bank of our own savings". Undoubtedly, majority of the investors are attracted towards bitcoins because of their decentralized nature. Decentralization gives them complete control over their money and they can sue it anyway they want without paying any tax to the government. What I like most is its anonymity. All cryptocurrency are decentralized. Though all you said here is correct. One reason why many people love crypto is because they're sick and tired of how banks leave them helpless with all these regulations that doesn't seem mutual and only benefits the banks. Bitcoin is digital, fast, secure, and decentralized! I see no better option out there! I think prospective users might be questioning about fast and generosity? many bitcoin users recommend to use bitcoin because bitcoin is cheap and fast. whereas in fact the bitcoin starts to slow with the increase of transactions and the fact is the fee is also more expensive with the rate also rising? where is fast and cheap? |
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I guess it can, if a country accepted bitcoin as their virtual currency and if bitcoin lessen the count of indigent people in a certain country, the quality of the certain country will increase and can consider themselves as a growing economy. So it possible for bitcoin to improve one's economy.
Economic growth may stimulate only a Fiat. The money will contribute to the development of the real sector of the economy. Bitcoin can just stimulate demand for some products. If they are imported then it can not influence the economy. Many people think that the economic changes in someone in a country that gets better because of profit from bitcoin then affect the economy of their country? What do you think with that opinion? Many opinions that if the citizen economy improves then it will make the country's economy also improve? |
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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!
For me, you can do both. You can spend bitcoin as well as rsrning it because if you are a responsible bitcoin people you must know how to use your money in very good way not just buying things eventhough you don't need as well as earning, you must know how to earn a lot of bitcoin and what is the bestway in earning so that you have good income. i agree with you. if we can save, its good for us in future and beside that, while we are save, we can spend it for buying something we want like buying food, drink or else. but we don't need to spend for buying stuff that is not really necessary. it is our jobs and our responsible to manage our bitcoin so we can do both like above me said and in future, if bitcoin price is increase while we have a lot of bitcoin, we can cash out to buy something bigger with that money. Not just financial management is important. But managing bitcoin is also important. If you have some bitcoin of course first allocate most of your bitcoin you got in storage/saving. Because this is the most important thing for your future. Then allocate a few percent to grow, and the rest is possible to spend |
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This price is unlikely, but anything can happen. I now enough to conserve my funds and the current price. People don't realize that the price of bitcoin doesn't matter. What matters is the possibility of earning coins.
Yes right, the 50k price is too high and it seems hard to happen, I'm sure before reaching the 50k price, bitcoin is dead and abandoned user. But I'm sure the bitcoin price can reach 10k. Maybe the price is too high for bitcoin to reach it. However, bitcoin price has proven to be very unpredictable and perhaps there is a chance that bitcoin can reach this price. Even other market analyst are saying more than $50K can be attained. I don't think that bitcoin will be dead if we ever touch this price. Getting bitcoin is very hard so its possible that we can reach this price in the future. This is true, predictions of 50k not only comes from newbie members on the forum it comes from some respected analyst so we must think that even if it is not likely bitcoin is going to reach that price any time soon, that price is a possibility in the long term for bitcoin and that is why we need to hold as much as possible. Now that bitcoin is getting more popular and adoption is increasing, that amount of 50K is not a dream and it's not even hard to achieve that. People, we should believe what bitcoin can do because it's still new and we can still see more progress to happen. Yeah I'm starting to think that $50k price is no longer impossible price. see this incredibly crazy price change. But what matters and problems to me is what about the transaction fee that will happen if the bitcoin price reaches $50k? For now only transaction fees will continue to rise, along with more the number of transactions to be made. At least this time must use the fee 0.0003 btc = $ 1.2. What about the fee if the bitcoin price when it is worth $ 50k ? |
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the block size is limited and will always be limited, no matter to what number.
as it fills up, whether it is because of adoption and more real transactions or spam attack or a combination of both, some transactions will be left out. they will end up paying higher fees to compete for that limited space so fees will go up.
so unless you can do something about that space and eliminate it completely i don't see any other way of reducing fees for long term not just temporarily.
In the past it was possible to get a transaction without any conformed fees if the inputs and the out puts had a high a high priority and followed some rules and in 2017 the free transaction is still nearly possible if you don’t care and you don’t want a fast transaction because if you cannot pay the high transaction fees then you can go through free transaction but it will be slow to conform it will take a few hours or may be the whole day. I think if you expect a free fee for your transaction you will never be able to find a confirmation within a few days and of course your transaction will be cancel and your bitcoin will be back on your wallet. The current fee is really terrible. At some exchange sites even, like in c-cex. To do bitcoin transactions. You have to use a fee 0.002 btc equivalent to $ 8 / transaction, that's a crazy fee |
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Recently, i often see discussion about Bitcoin Bank. More and more people come here and ask about bitcoin bank & surprisingly i see few user agree with this idea.
So, i would like to find out the percentage of user who agreed with this idea.
Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
p.s. we don't talk about bitcoin debit card OR any centralized service which only ask name and email address.
i think its fine we have bitcoin bank but since not all people and government who agree bitcoin is legal thing , it needs more presentation and requires so much time to implement it on the world, but its a great things if it will happen soon I think as long as it does not give the obligation to bitcoin users to use the idea (bitcoin bank) in the sense that bitcoin users are free to use bitcoin bank or not. I think this idea is free just happen? I think if this happens of course the government will start to be sure to legalize bitcoin. Because of course the government also wants to benefit from taxes. The government can utilize bitcoin bank right ? |
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Is it better to save money in bank or invest it online, in real estate or maybe gold?
I think it is much better to invest, whether it is online or mot. Investment will make your money grow, in an instant or through times. You may alsp do both. You may invest into something profitable and save half of the amount of your total earning, then continue investing. Investing benefits by growing your money. You can use the investment to your advantage. But do not forget to save. You may make an investment but do not use all your money to allocate to investment. Of course it would be very risky. See the investment also has a risk of loss. Surely you do not want all your money lost for investment right? So do not forget the plan to save dude |
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At first glance, I think cashless society will literally improve quality of our life. We don't need to bring wallet or paper money.
However, at second glance, considering security or control issue, I have concerns on cashless society.
Everything will be good at terms of transactions. And that's one of the good thing in it, we don't have to bring cash and sort of credit cards. Well it will be the other effect of that thing, our information will be exposed to the government and they will have the control for this thing when it was implemented already. I think for security issues. Of course the developers already provide security that is guaranteed. Maybe they have better security system than credit card, debit card, etc. Maybe this system uses better security than pins, passwords or such. For cashless security issues will certainly be safe because the technology has also been supported at that time |
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I dont see any chance that there will be panic selling before this year ends. Im guessing that bitcoin will reach 5000$ or even higher. As you can see at the current price of bitcoin is at $4000 and the demand is still increasing and might reached 5000$ the next month.
There will be a panic selling who does want to have a slight profit when bitcoins dumps then to sell but if it pumps or dumps more they are going to be panic selling. This is what i observe to the bitcoins holders. Yep, bitcoin holders do panic selling when they show some dumping. Especially the new traders get panicked and decide to give up on their coins to safe their investments. They should believe in bitcoins whether bitcoins are dumping or pumping. Bitcoins are having potential of creating new rich people. I think to invest in bitcoin not only requires patience to wait for the price to go up. But it takes full trust in bitcoin so when the price is dump. They will not panic and still believe in bitcoin that the price will definitely go back up. But most users do not have full trust in bitcoin. So they panic when prices go down and sell their bitcoin for fear of losing more lol |
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It's very hard to achieve Bitcoin to be stable. I don't know if that would affect its popularity but it would affect the status on the financial market. But then the whole story with Bitcoin would go in some other way, not necessary better then it is now.
It is not hard for bitcoin to get stable because it just need a lot more investor and holder of bitcoin to be able to get stable on its price. If bitcoin will get a lot of holders then there will be only a few supply in the market and because of that low supply the market will get forced to be stable and that is how i believe bitcoin will become stable in price. Thats true. I think the bitcoin price will be stable as time goes by. Stable prices will inevitably happen in the future. Because users will continue to arrive and when the number of users is very much of course market cap will also be very large. And this is what will make the price stabilize. But I think bitcoin will still be popular considering bitcoin has billions of users when prices stabilize |
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Gold off course. Don't you like that shiny metal. For jewelry, an assets and even as a trading assets. It is far more popular then any other asset. Bitcoin is still new unlike gold that has existed for a millenium.
That's too old shool for me, gold is not vital to our daily living while bitcoin can provide a lot of benefits to the users. I think people now should value what gives them convenience and helpful for the development of financial system than just a mere shiny thing. I think there are many reasons to choose bitcoin or choose gold. Of course everyone will have a strong reason as gold has many functions as a jewelry, investment, etc and also investment in gold arguably has a low risk because the popularity of gold has been awakened from the old and already have a very old age, it is guaranteed. and people also have strong reasons to choose |
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Just recently got into BTC; I have 2.5 saved up. Plan on taking 25% of each of my paychecks and accumulating and seeing what will happen in 2017 or later in the year. Thoughts? Ideas? Speculation? Advice? Tips?  As of now, I'm saving 0.019 BTC but I've cashed out 0.012 due to my school fees. 2.5 BTC is a huge money for me, I didn't yet hold that big amount of money. Speculations in 2017 or later is that there would be another increase value of bitcoin, bitcoin increases the value every month, and this is good for the people who wait and take their risk to receive a big amount of profit. Though you are still a student it is good to start investing now, you are earning and that matters a lot, remember that there has been a lot of believers who are cashing out big now due to the price increase and this progress will not end here or end now. As of now I have a 0.1 BTC on my wallet lastly I withdraw 0.045 because I need it as additional investment to my business. Moreover, now due to high amount of bitcoin in the market I save half of my income. Yeah see the higher bitcoin price that occur in market I tried to keep holding from selling bitcoin that I had, although there was a need that I had to buy, luckily I could pay it with income from my other job in real life. And I can keep all the bitcoin I get. There may already be some mbtc in my wallet, but I will continue to hold and grow it, maybe until my target price is reached |
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I use multibit and electrum wallet for saving my bitcoins as I think both of them are very safe place to save your bitcoins and not easy for any hacker to hack your bitcoins as I have never lost any small amount from it.
That's a good pick. I have been using multibit and blockchain wallet. Often I do transactions so most of the bitcoin will be there in the blockchain web wallet and the holding for emergency need was placed into the multibit wallet. I no longer store my bitcoin in blockchain for some reason, such as expensive fee transactions, resulting in length of confirmation, no more sending facilities to multiple addresses, etc. At this time I prefer to use desktop wallets though inflexible, but at least better than wallet blockchain |
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i save my Bitcoin for my better future purpose, simple income makes better future for me, i save all i got in any campaigns that i joined.
That's good! for now I don't have enough bitcoin savings but I plan to save it for future used because I think it be worth a million if I save in 5 to 10 years. I grab this opportunity to save bitcoin for the future. Yes it will be expensive and soaring high in the future. So I save, hold btc because I can earn more money soon. I think to see the potential of bitcoin that is a very large in the future. I think it is imperative for users to allocate their earnings or salaries to be stored until the future. Because the likelihood of profits to be gained is enormous right ? See the potential for bitcoin prices to continue rising |
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No it is not too late, although if you have waited this long you may be sad because the price did a x4 in just this last 8 months. I believe in time a 10k bitcoin is not very hard to achieve so no it's not to late, not this time at least.
I dont think so. Bitcoin price is now very big and it has a high demand on the market now. So if you buy its good because you will earn a lot months from now. So i think it is good to earn bitcoins or buy now. In other words even though the current price of bitcoin has soared very high. But that does not close the possibility for bitcoin prices to continue rising. Bitcoin prices are still very likely to rise even several fold. See the potential of bitcoin development. I think it's not too late to invest in bitcoin |
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Best method to double your money is to store 90 percent of stock in safe secure offline wallet for the coming 5 years because it is going like a rocket now , other 10 percent for trading,gambling and spending around internet online markets .
Do not put all your money in online you will make your life complicated, you can double your money using bitcoin by working with it, there is lot of method that can generate huge income but most of those method are based on your luck. Of course, do not use all your money for investment or duplication because there will always be a risk of losing on every duplicating method that you will use. Better allocate funds below 50% of your total wealth. It will be safer, because whenever the risk will happen, if you lose you will not lose 100% and will not bankrut. thats right you can doubl your money by investing in bitvoin |
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I dont like gold because i cant use it without be worryed to be stolen in the street, with all financial problems around the world this is a cenario i do avoid, soo gold i do avoid really, even i dont store at home, i do like bitcoin that allow me to walk without any issues since no one knows i do have bitcoins. Besides those bitcoi has raised a lot and keeps being able to double and triple its value, something gold isnt able anymore, countries does control its value, if i could earn some gold as we can earn bitcoins i would have both, but only online.
Investing to both bitcoin and gold is really a wise decision. As what the all time saying that we shall not put all of our eggs in one basket - hence, diversification is a key and sound investment portfolio. But what if we only have a little capital in the pocket of our wallet, of course we can not use both for investment because if we impose to invest in both while our capital is very small. Of course the amount we will get from both investments will be very small? Certainly also impact on the small profits that we will get right? |
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Definitely not. More precisely, reducing poverty in the world because it is impossible to eliminate all poverty in the world. The cause of world poverty is very complicated. So how can poor people buy it if they do not have internet access. Bitcoin is only beneficial for some people.
I agree that Bitcoin cannot eradicated world poverty. It is indeed a result of many phenomenon, such as war, disease outbreak, lack of fundings (like in communist countries, they prefer military than the welfare of the citizens) etc. Indeed you need internet but you don't need to buy Bicoin earn, there are many ways. Yeah thats is true, I think the problem of poverty does not happen just for the reason of not having a job but more complicated than that. Maybe if poverty is just because of not having a job, then bitcoin can provide help to get out of poverty but the problem is more than that, such as a lack of resources, lack of knowledge, lack of experience, etc. |
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