Bitcoin value beat gold at the moment but the market cap still far from gold. Yes i know that bitcoin is still young compared to gold but saying bitcoin has defeated gold is a bit too early in my opinion.
Well, as have been mentioned in the title, bitcoin only beat gold by its value that now currently surpasses gold regardless of how OP could determine the prices of gold and compare it to bitcoin, and it means that the market cap has nothing to do with what we're currently discussing. And honestly, if we're talking about overall bitcoin compared to gold, it's still too early as you have said. There's many factors that need to be compared before declaring that bitcoin has defeated gold. |
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I don't think in future there will be any coins which will beat bitcoin.
It should and it's a must thing to happen. If bitcoin will reached a failure and dead coin status then so on with the idea of people using cryptocurrency in their preferred own ways. Many people will not be hooked now in using another cryptocurrency since it's hard to believe that even bitcoin was being supported now from most of the people globally and usage of it is really active, still bitcoin become dead. And if that is the case, it will also be experienced by those altcoins. Bitcoin = dead that will actually take lot of time maybe by 2060 or something. It is for sure by 2022 or something all bitcoins will fully be mined but many people are just gonna hold it till 2030 and then after that we will see the price is growing at a really low rate amd mostly by 2050 it will be dead. Bitcoin to die by 2050 is not gonna happen. Because technology is given preference by companies around the world compared to bitcoin, so surely it will survive long. Among cryptocurrencies bitcoin is the one with the increased capital and next to it ETH is gaining more acceptance and capital is increasing gradually. Nothing is impossible. Bitcoin is now currently facing the slow transaction and the quadruple fees that will eventually make bitcoin doomed if it's not be resolved. People getting interested to bitcoin because as it has been repeated by many people here, low fees and instant, but if the problems above still exist and keeping up, I think people will lose their interest in bitcoin. |
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A bitcoin bank is not what we need. In think the current online wallets like blockchain.info and coindesk server this cause.
Bitcoin is meant to be decentralized, and so it should be.
Well, it just recently comes to my mind. I think that online wallets just like blockchain.info and coinbase are basically worked like a bank, aren't they? They're making the bitcoin which people currently hold centralised by centralising it into their cold storage. And so far, there's no problem with it, probably people just not yet know about it or just don't care. Thing like bitcoin bank is actually already existed, the example is two above, but, without insurance and any fees. |
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I rarely use this payment system and no problem I have not encountered. I am sure that it is a reliable service. Many of my friends use PayPal for payments
It is definitely a reliable service, but some of there actions are too much problematic. The fees are still acceptable but the sudden freeze of funds, not letting to withdraw are some major issues faced by me. But if this issues are away, then it is quiet easy for me to transact. I'm using Paypal for a very long time around ten over the years, but my funds were never frozen. It looks like they may be suspecting the source of your funds. If you can able to prove that those are your funds then they will release those funds for sure. For online payments PayPal is very convenient and it is not a scam. That's right, but to prove that you're innocent it really takes a long time, they will not reply your response within a minute instead more than an hour. Probably it's not going to be a problem for you if you're not in urgent of needing the money but it's such a disaster if you're currently facing that situation. And yeah, I know that it's for the sake of their customer's safety but still, just don't make things get more complicated as it should be. |
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Well, their services are now always full of submission that it's nearly impossible for me to get through and try their service, though, not all of those people who have tried their service give attention about their main purpose. Just use their services when you're struggling of waiting for confirmations and leave peacefully, this service kinda helpful for some people, I'm honestly supporting the existence of this service regardless their main purpose, Just my 2 cents.
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I cant say that paypal is too evil since its being used by how many years when bitcoin isnt been created yet and one thing that makes it evil is about it high fees on each transaction which is really damn high and when bitcoin being created its really a good alternative.
Everyone agrees that it is been for long term but PayPal involves in many site scams and email scams. This is the trust they have created. Just google as PayPal scams. You ll get the results on it. Bitcoin as source better than PayPal. Hackers only attacking the account and scratching out the fund. Still btc is safer than PayPal. DOnt think they are involving their service to be scam.I could say that only the users who are making advantages on its features like cashbacks which causes for anyone to scam someone on the net thats why its reputation have been affected and i do agree bitcoin is safer than paypal. LOL. Are you really sure that Paypal is getting involved into some scam activities or just pretending that Paypal "have done" it even without any proof?. If you're thinking that mass hackings which were done by the hackers by making some sort of phishing site to store random people's data is also Paypal's fault, then, something is wrong with you. Be realistic, Paypal is indeed having weak security and some critical features that unfortunately add up an unnecessary inconveniencing problem to their users, but still, sometimes their clients are the factor that triggers some criminal activities against them by randomly typing their data everywhere. |
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What did they tell you that the reason was ?
A bank would never close your account for no reason, and the reason for that is that in every case thy profit from you (except you canīt repay a loan, but you wrote you lost money)
I have seen a case where a person's bank account was closed (funds were frozen) to repay the loan of that nation. Yes, it is moral responsibility of every citizen to contribute to the growth of the nation but in this case, his funds were used without his permission. The biggest benefit we receive in using bitcoin is that the funds and 100% in our control (unless kept in web wallet). May you also mention the source just to make sure that it's a true or fact that's happened recently? If someone got their account closed, there's must be some strong reason behind it, otherwise, they're able to sue the bank. Actually never heard of a case that makes the country looks like a criminal by stealing money from someone's bank account which probably not worth that much, just curious. |
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I would like to get information about it . What is it ?
It's basically for a buyer and seller to do business with minimal risks. It's pretty simple, both buyer and seller (or business partners) agree that they don't fully trust eachother, but they do trust a thirth party. When they sell an item, the buyer doesn't pay the seller, he pays the independant thirth party. The thirth party now confirms he has the full payment in his posession to the seller. The seller now sends the goods to the buyer. Once the buyer confirms he received the goods, the escrow now releases the payment to the seller. This way, it's impossible for the buyer not to pay for the goods, since the payment has to reach the escrow before the seller even ships the item. The buyer is also more secure, since if he payed the escrow, and the buyer doesn't send the item, he won't get payed. In case something goes wrong, there is also an independant thirth party to look over any evidence. Since this thirth party is also the person holding the funds, he can actually make a binding decission and either refund the buyer, or release the funds to the seller. Nice explanation and for additional information if OP is seeking for someone trusted enough just go here: https://bitcointalk.org/index.php?topic=855778.0Using escrow is basically to protect any buyers here from any scamming activities and it's clearly mean that escrow exists for the sake of your safety. Prevention is better than a cure |
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It's all actually up to you. If you think it's the right time to sell and you just already feel that the current price giving you profit then it's enough. To be honest, the current rate change doesn't really give an effect to you if you're currently holding bitcoin lower than 0.1 (you're probably holding so much bitcoin that getting confused and make a question here) but yeah, sometimes people just want to feel the maximal profit and it's nothing wrong.
If the price just goes down after you've done selling your bitcoin, it's fine, also if the price goes high, you still have the profit you've gained.
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Many of the reason as to why some countries don't support bitcoin is mainly because the Government fears that they will lose the control over the money supply as well as of the economy. They control everyone in the country by control the money supply. and bitcoin tries to break this control of the state.
They could just make bitcoin as a secondary currency or just consider bitcoin as tools to transfer money. There's no point of fearing something that they can actually control easily just by limiting its power in the government. The fact that they're still thinking that bitcoin is the source of criminalities make them don't have intention to accept its existence. |
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Should be a serious economic crises on the way, perhaps within 6 months to a year. Regardless of who became President in the USA, Trump or Hillary, the coming crash was pretty much locked in. P/E ratio hasn't been so skewed since .com crash or just before great depression times.
i think there nothing such to happen in near future they have a very strong and stable economic condition as compare to other countries therefore i do not think that any such think can be possible in near future. Definitely, but still, there's nothing impossible in this world, trump can just make a regulation which is really controversial and could trigger internal problem among states that may turn the current condition of this country into a chaos. Only if trump is able to let his regulation through complicated things that can make it as the official regulation. |
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I think this topic is already answered..because as we can see the price of bitcoin now compared to price 2years ago was totally improving and it is continuously increasing.
My prediction is that the price will approximately double every year for the next 5-7 years. Well, that just make sense considering the fact the in certain time halving will occur, but, it's not a factor that makes the price could increase drastically and obviously. It's all depends on the market regarding demands and supplies. But I think that it's really easy for bitcoin to increase its price because of the halving and it means the supplies will be reduced. |
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If you get online anytime you can still check the site. It doesn't cost much most especially that you are carrying its avatar and it is getting u paid. (on a lighter mood). I was of the opinion that we should have register on the wallet and get our payment on the address from the it to have first hand information about it.
I agree with you on this as we have other campaigns making this possible especially gambling sites that pays into the address generated on their sites this will provide the opportunity to even have a firsthand experience of the services one is advertising and even explore the other features of the site. In that way to, one can even plough back into the business by keep on using the service even after the campaign has ended. That sounds like a good idea, even though comparing a wallet service and gambling site is definitely don't suit well. It will indirectly give us experiences of using the wallet which is offered and feel the easiness of exchanging an altcoin to another just with few clicks. But as for now, the funds for advertising were already held by Yahoo, probably possible to be realised by the devs next month if they want to extend. |
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You have freedom to use bitcoin but in limited places online since still few website or people are accepting bitcoin as payment.. but we are growing and hoping like other said to accept bitcoin locally.. but i doubt that government will not let bitcoin to use locally instead it will be mark as illegal currency like in other country.. hope they can make it as legal currency..
we can use bitcoin online in a wide range. i think now most of the big and small online shops are accepting bitcoin, there are so many other online business which are also accepting bitcoins, while in physical shops the use of bitcoin is a little slow but hope that very soon we will also be able to use bitcoin in our legal shops. I think that the only problem that makes the acceptance in physical shops rather hard is that they're rarely having an update about some information regarding technologies so often that vast majority of them are probably don't even know what's bitcoin and how it works. It's sad but unfortunately true. And also the fact that they're only giving an attention to many things that only being exposed by the media so often makes bitcoin struggling to have wide acceptance among many physical shops, for example iPay or Google Wallet, they're really often being exposed by the media and ended up getting accepted among physical shop easily. |
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Well, I think there is no age limit to recognize bitcoin and use. even you can play trading, when you already know that. but, I think it is too risky for a person who is under 18 years of trading. but, it's up to you.
Depends on how he could get the capital to start on trading. If he's still counting on his parents which are already burdened to fulfil his daily needs then it's definitely wrong ( honestly fine if he could manage to always earn profit LOL ). But I'm a bit confused on how the government make a decision to whether charge him a tax or not due to his age and the money he could earn. |
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is bitcoin more popular than US Dollar ?
There are lot of different opinions and speculation that we are going to find out what their side of comment between USD vs BTC. Actually, bitcoin has no tax, and no government, and can be trade by the person while USD it is controlled by the government and it can't be trade in the exchange by the ordinary citizens. You're probably never exchanged your money through a bank or some kind, did you?. Even kids nowaday are able to make a trade through forex which doesn't require ID to get through the verification process. |
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I already know Bitcoin since 2015, but I'm curious that until today don't know Who was the originator of Bitcoin?
Is this question can get answers from this forum ?
Satoshi Nakamoto is the originator of bitcoin. But No one knows whos satoshi nakamoto is. And I know He/She is here and Just watching what is happening in bitcoinworld. I hope someday Satoshi Nakamoto will reveal his/her identity in Bitcoinworld. Why do you think that satoshi has not revealed himself as of yet? I mean for such a prolific invention, he'd be a star, so why hide? Hide for safety, I think satoshi have many bitcoin. So hiding is the best way to hide your treasure. Of course many people want to find him, want to kidnap, want to robbed. So Hiding his/her identity is the best way to be secure his treasure, his life and his family. I do not think this is the reason of him concealing himself. There are many other millionaires in this world but they dont hide themselves.These days even terrorist made appearances in videos. Those millionaires you mentioned definitely have a different source of wealth while satoshi as bitcoin inventor have his wealth that he has earned through bitcoin which he invented. As you know that sometimes bitcoin are often mentioned in the media that it could bring or triggers the criminalities, therefore satoshi can be easily being criminalised by the government if it seems to be necessary. Just a wise decision to hide your identity instead of publicly leaking yourself and get some problems. |
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Bitcoin can solve many logistical problems as well and African Governments can use the Blockchain to get rid of bureaucracy and also save on massive govt expenditure that could be used to help build infrastructure projects for their countries. Also on a smaller scale Bitcoin can get to places where there is no banking at all and help the disenfranchised.
Just curious, How could bitcoin reach a place where banking things such as ATM, Bank, and etc aren't there?. I think that majority of people living in Africa struggling of having a good connection and therefore they need the cash in form of local fiat, not in bitcoin. If there's nothing like ATM, just curious how they can use the bitcoin ( keep in mind that the internet is not existed in every of Africa ) |
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I have never try to trade. I even don't know what skills a person has to have to become a successful trader. But I think bitcoin and other altcoins are that kind of money which are worth to try to trade, cause of results can be seen very soon.
Trading is basically just buying low and selling high just like what ordinary sellers in real life doing until now, although thing works like that there's still some different circumstance that's actually even more complicated than the real trading in the real world. The price changes are often happening between a short term of time which make it even more profitable but also you may bear the high risk of losing your money. |
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It can possible that income from bitcoin and from business are good when you are good in business you can make profit from it but if you dont have any experience on business try to attend on seminars bitcoin can be passive income when you had miner and when you can earn profit daily from trading and other things.
You are absolutely right. In order to do business requires certain skills. If a person can not do this, then his business will not be successful. I believe that any business offline will not be a passive source of income I think it depends on the capital, the greater the course the more passive income. For a small example is a property business, I think there is no special skills, just bought the land, and then make the building and rent it then we get passive income. Running a property business do require a special skill. You can't just buy land here and there without making some sort of analyzations, otherwise, you will be doomed. If you want to make a building and rent it, you must make a good planning and buy the right land which is near some special places then people will start to think that it's worth it to live there. |
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