Bitcoin is growing exponentially. At this rate, it seems the usage should double in the next 5 to 10 years.
Well this is a very good news regarding that circle would able to adopt bitcoin on next 5 to 10 years but i think they are late enough to engage. If they decide to adopt bitcoin then its the best time to do it now since bitcoins is only at its earlier years or maybe they are just waiting for the exact time when bitcoin reaches a particular time or year. Lol. You should be reading everything before you make this post. The op say the ceo of circle states that nobody will use bitcoin after 5-10 years. Anyway, i respect their decision. But saying those words. I think theres no need to say that. Circle just dump bitcoin. Thats it. No one is affected. I think their just be fine. There are many companies out there that are willing to engage with bitcoin and will be more in the future. Definitely. A speculation will remain speculation and it doesn't matter who's speaking the speculation and what's the reason behind it. The future can't be predicted and even next 1 year you will not know what's exactly coming. And I think this speculation or just say prediction don't have strong reason behind it because as you see that demands to increase |
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all countries are technically bitcoin friendly as long as you have internet
more countries need BTC ATMs tho, would help immensely
Some of country were already banned bitcoin. Although they cannot give any impact to bitcoin by banning bitcoin, becouse the user still can use various vpn. I think bitcoin friendly country is usa and japan. If the countries which are going to ban or were already banned bitcoin is not so much into bitcoin and having such a low bitcoin users then it's indeed they won't giving such a big impact to bitcoin. But, if the countries which are going to ban bitcoin are like china where most of the majority mining power come from then bitcoin will be really affected. And it's right that you can easily bypass the banned by using VPN but if there's some regulation regarding this thing and may have the chance to be sentenced or punished. I would consider not to bypass |
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maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .
Middle class, Low class, or even High class, all of them can use bitcoin without any discrimination as long the shops are accepting bitcoin as their payment option. If you're talking about those people's economic then as long as they could afford to buy bitcoin ( Bitcoin is having decimal amount so any amount of fiat can be exchanged ) then they could just simply use it |
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there are real big difference between bitcoin and real money bitcoin is digital currency which is wildly use on the internet and also use by some few people for the exchange for real money, real money this is the money that is generally accepted by everyone in a community or in a placed can be presented anywhere
There are so many difference between bitcoin and real money, but for me the most important is bitcoin let us to avoid centralization if we use fiat becouse we need to save our money in bank, but if we use bitcoin we can save it in our own wallet. If a centralised system is really a thing for you and it seems that you really need to avoid it then answer why? Is there something that gives you inconvenience so you really need to avoid it? I'm myself never had an issue with the centralised system. Didn't mean to be offensive i guess saving money in a bank is quite important for those who just need to save their money nor for investments |
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I've been using BTC for a while. I've been using it at exchanges, to trade altcoins and to order goods over the Internet, but I've never exchanged BTC with someone in front of me. At a store or between friends, or family. This despite having had long conversations about BTC with various kinds of people, and attending a few meetups.
Who has exchanged BTC F2F?
No and i will never trade bitcoin face to face.The risk is too high. There aren`t any people in my city who use bitcoin.  You can prevent from any risk that you will have when you're going to make transaction face to face by asking your friend to accompany you , and also have a transaction in such crowd area will lower your risk Though, if you didn't sure then just don't do it. But i can say that by transacting face to face to your nearest seller will simplify your transaction rather than doing complicated verification |
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I heard now a game that you will earn bitcoin ithink its crypto city but is mostly like a hyip. Coz you need to deposit if you want to upgrade your building or need to buy a lot before putting a building. I dont understand the game and Im not interested lol.
If you have to deposit to earn, then that's basically hyip with a twist. They made it look like a game but that doesn't change the fact that they use the money of the other investors to pay their investors. It's sad to say that the only games that can actually make you earn bitcoins are mmorpg. You have to level up, grind and sell items to get money. Maybe not always in bitcoin form, but you can always convert it into bitcoin. Yes true that games is not paying now and too many people got scam from that sites. There's many other games you can trust and you do not need to deposit the problem is they only giving small reward for playing it. For an advice. If you all have the intention to earn by playing games from some sites and if they require you or have the plan to upgrade the account until certain levels to increase the earning it's just HYIP leave it alone before you're losing your money. Some HYIP website are doing this to trick people and to make them investing money so just beware |
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hmm , but i dont know how long btc life ? , but if btc as a medium of exchange such as money, the BTC will be a long life, but this time I saw the BTC only be made in transactions in the world draknet,
As long as bitcoin still gaining its popularity and none of the technologies which are going to be invented and maybe far superior to bitcoin get bitcoin users attracted into it. And if you just saw Bitcoin are only used in darknet then you're just visiting darknet too much. try to surf on the clearnet and buy some stuff from the shop which accepts bitcoin |
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I think it will be a great success at the first. As more and more people will start adopting bitcoins as their currency and government might allow it .thats how bitcoin economics can increase to a very large extend.kudoos  We cannot say that, the success is base on how people trust bitcoin and as we can see now, it is very trusted do to great price increase. The great price is affected by the demands, not the trust or any else. Trust could bring the demands indeed but most of traders ( who is also the factor among many that bring demands ) are only looking for profit and they don't give a shit about trust as long they can make pretty decent profit out of it. they will trust it if it could bring them money otherwise they didn't then they just move to other alternate coins. Simple as that |
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If you mean by earning, I don't think there are any that pay enough for the time that you spend doing whatever it is that you do.
Best way to GET bitcoin is to just buy it cause it is below $765 now.
nothing easy to make money nowadays even in bitcoin world you need a lot of work, you can do trading but of course you need to learn first or just keep buying bitcoin as long term investment it will give you profit too you just need to be patient and don't be greedy. Yeah keep buying and just buying (never selling) will bring you nothing. Long term investment also need your action to get the profit. And about trading, learning don't matter because it's about buying and selling. Everyone who has done this kind of thing in real life will know what it's exactly if you can manage to profit from the trading activities then congratulation. Otherwise you will lose |
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I do not think banks will disappear, but there is no doubt that their business model is outdated and will be forced to evolve in a big way, and that is why we are seeing them make significant investments to in the development of institutional "blockchains", although perhaps they are arriving a little late to this innovation.
That's true if they will not upgrade or evolve to new generation like bitcoins the people who using banks will decrease because they will switch into bitcoins because bitcoins has many benefits unlike bank accounts or credit cards. What do banks need to evolve with? I honestly think they are not lacking into anything. I mean they are really good at what they are doing from wireless money transfers to credit card payment, they even have loans for you to buy a car. I don't know why do you think they are worrying about Bitcoin that they will ran out of business because of one kind of currency, that is wrong. That's true. the bank is actually still not consider bitcoin as a threat thus they don't need to evolve. Most of bitcoiners are hating the banks because of their right to shut down their client's account by the order of the government,and because their lending which took a lot of interests. Bank already have everything either for online transaction and offline transaction. it's just how bitcoin can compete bank and it might be a really hard competition for bitcoin |
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In the past month we had around 8 bitcoin transactions that took nearly 24 hours to confirm so it was very nerve wracking to say the least, but in the end they did finally reach their destination in tact. We are just paying more in miner's fees now to make sure they get transferred in reasonable time.
Honestly if I am doing a 8 bitcoins transaction then for sure I would pay 0.005 btc fees and hence have issues for getting the confirmation. People are used to of paying the normal 0.0001 fees but guys the fees has now a new standard which is 0.0002 or pay as per the size of it. In simple and short, pay 0.0005 each transaction you make and you will have much quicker confirms. Yep. Essentially ALL of my Bitcoin transactions are "important", so I pay up, typically BTC0.0002, sometimes more, sometimes less. Depending on size of transaction and how fast I want it confirmed (usually fast, I'm a busy guy). Even BTC0.0005 is not all that much is US$: $0.38 or so, if important enough to merit fastest service from the miners. 38 cents is nothing. 0.0002 sat is not enough if you get above 200 bytes sometimes i am getting 800 or 900/b and 20k sat it takes longer time to receive. But above 20k or if you are paying 50k sat it is more fast to be approve than the 20k fee. The problem is we ca not know if our transaction will be high size or not.. Do you think there is a way to know it? To calculate the transactions' size had been discussed in this link : http://bitcoin.stackexchange.com/questions/1195/how-to-calculate-transaction-size-before-sending , Though you don't really need to calculate the exact size of a transaction if the wallets you were using have had a automated fees. it will calculate the size itself and determine the recommended fees for the transaction |
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Didn't really sure VCC could be used to buy bitcoin even if you're outside India because I've tried it in various exchangers a few months back and never succeed. Maybe I just unlucky with the site I am going to make a deal but VCC is indeed really sucked for this kind of thing. I'd recommend you to send your VCC's fund in the nearest ATM first to your bank account and then make a bank transfer afterwards
But, have you tried Unocoin? it have much higher price for each bitcoin compared to another exchanger but maybe it will allow you to pay because it's a company which based on India and maybe you can make a negotiation
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I do not get why most of you think that Bitcoin will sky rocket because of the situation in India. There are some hurdles to overcome over there before they can buy Bitcoins. Do not forget that it is a third world country where most are not connected to the internet nor do they have access. Also most of the people there are poor and if they have savings, Bitcoin would be the last in their priorities.
Because bitcoin is trading at a huge premium in India. At what exchange is it trading and at what volumes are we speaking about? If it is at Local Bitcoins, I would argue that all of the Bitcoins traded there are priced at a premium and that the volume there is not really that high compared to the exchanges like BTCe or Bitstamp. Chinese exchanges are also trading slightly higher than most because the Chinese traders are pumping the price. It does not necessarily mean that the ordinary people are buying Bitcoins with their savings. All exchanges in India. For example price right now on Unocoin is 57394 which is about $850 USD ($90 higher). It was over 20% premium just a couple of weeks ago. Unocoin is a new exchange , am I right? Getting premium prices usually happens when the volumes are fairly low. An example of this is the trading that is going on at Local Bitcoins. That is very understandable and it does not really say anything about the current situation of Bitcoin in India except that it is new and that market will become efficient sooner or later. Really curious how India are only having such low volume of bitcoin while it could available easily if the exchangers just going to buy from anywhere around the world. it's not as hard as sending stuff through Fedex which could take few days. maybe the exchangers itself having a play on it to gain some additional profit out of this circumstance, who knows? |
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I dont think that many people believe in a fiat as you had put it. They are just forced to use it by taxes and by a force of neccesity. Those who thinks fiat is awesome just fit into a cathegory of a stockholm syndrom victims.
Well, That's the ugly fact in this world. But, Many people also just use the available and the easiest one and not going to move for better economy (Though, i don't sure if believing in bitcoin would increase their economy) Maybe because of only fiat which could cover all offline activities while bitcoin can't. there's no one who willing to carry gold and weigher everywhere |
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Maybe it will make many news
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If the government imposing tax on bitcoin was sure to happen is bitcoin transaction costs will be greater, and there will probably be routine costs to be incurred. Imposing tax on bitcoin I sure do not apply in all states because each state has different policies. I believe imposing tax on bitcoin will be imposed for countries that accept bitcoin.
The government can't impose the tax into the blockchain . Hence the transaction costs (or you're more likely referring to miner's fee ) aren't going to be affected and will remain the same. But, if the government are imposing the taxation onto merchant whose payment options are also accepting bitcoin then it would affect the bills you're going to pay because it will merged with the tax |
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the passive income is good if you don't want to do the hard work.
There are many misinterpretation about the passive income like is it a source of income for lazy people. But we need to understand how the possibilities of getting passive income identified or created. To have passive income we must have some capital initially. Enough capitals are not possible for lazy people. We just make our money to work for us. Well, being lazy doesn't mean have no capital and lazy people are still possible to have big capital. though most of the passive income will require hard work on the beginning and that's why having passive income is not as easy as speaking and planning. Even if you have big capital you must find some worthy investment first among shitty project which may bring you failure at the end |
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Printing a lot of money would make the value or rate of the money itself decreasing and will happen fluctuation. Fiat is now working on demand - supply, so if the supplies were just too much, the value would be decreased. Making money is not that easy, and that's why the country would prefer to take a loan from another country and not to print the money themselves
Did you just wake up from a 60 year nap or something? "Quantitative easing" ring any bells? The US has been printing money like there's no tomorrow, enough to buy 21 million bitcoin many times over. I'm actually was reffering if the government are going to print money in the future and not the money which had been printed in the past.Well i can't argue that I missed things like Quantitative easing.so, pardon me if I'm wrong |
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I want to suggest you somethings which actually help you get some profits with bitcoins by investing. Try to trade with bitcoins price, try trading with altcoins, try to invest in HYIP and if none works invest some money in gambling site's bankroll.
I would strongly recommend you to get away from HYIP. It's not worth it investment even a dollar, they offer a good and interesting investment plan indeed but it's actually bullshit.You will actually get small amount of daily interests while the risk are equal to gambling, the chance for you to get profit is just 50% or even less. just get away from it |
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Printing a lot of money would make the value or rate of the money itself decreasing and will happen fluctuation. Fiat is now working on demand - supply, so if the supplies were just too much, the value would be decreased. Making money is not that easy, and that's why the country would prefer to take a loan from another country and not to print the money themselves
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