If Bitcoin was centralized then it would honestly be just another currency as it is susceptible to single point of failure attacks as well as inflation of money supply from the centralized group that controls it.
Centralized bitcoin is not what we want, if so we have our other currencies, people invest in it due to its opposite behavior they want it because it give them ease that physical currencies cannot. So it will stay like this for the betterment of investor and for the betterment of people, if it get centralized investors will take off their money from it and it will be like paper money. |
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i also agree with you.but, i think payment by bitcoin in daily usage is high fee and take much time. besides the transfer fee would be increasing with time.so that,the daily transaction is not effective.
It is one of the best ideas and it can be implement if the bitcoin fees are bit low so that everyone will use it for daily transaction and if this thing is introduced for taxi, the drivers will be in the richer side. So transaction fees should be reduced then implement this to all payment system then there will be no need of carrying cash, |
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Are you including central banks etc. In countries like India its cultural to hold. Bitcoin is a drop in the ocean compared to market cap of gold.  Of course your statement was made in 2015 so I am sure you will agree it cannot be compared to a drop in the ocean anymore. However, we are getting closer even though we arent there yet. If I am correct gold has a market cap of over $7trillion compared to $59billion of bitcoin but bitcoin has seen more growth over the years than gold. |
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If you travel abroad from time to time, you are probably used to change money: to do so, you have to find a change office and accept the rates they offer. Many of them also ask to pay a fixed-amount fee, they want more money than what they get from the fx rate.... If it is a touristic place, there may be a little competition from different change offices, at least, if they don't agree prices. But in general, as an individual, you have very little power, you can't hardly negotitate, only accept what they propose... On the other side, if you choose to withdraw money from an ATM with your credit card, you will be paying the FX rate your bank decides to apply to you, with potentially other fees...
However, if Bitcoin become an accepted currency in shops worlwide, we could avoid to change money to the local currency. We will still need to change from OUR currency to Bitcoin, but I feel that we have a much larger negotiting power on that:
- you can do it anytime from your home
- you may automatically buy Bitcoin with a given limit at interesting rates, intead of accepting the prices proposed by a few change offices in the area
- you may have already created a Bitcoin wallet and be used to it: you will automatically understand if a price in a shop is cheap or expensive because you are used to see prices in bitcoins, instead of having to translate into your currency...
- you may keep the remaining money in Bitcoins and still be able to use it when you are back home, etc...
Bitcoin would work as a parallel universal currency, a situation that already exists with USD in many countries, where it is used in parallel with the local currency.
But of course, prior to that, it will need to become widely accepted and have a more stable price
What do you think? Have you ever used bitcoin when travelling abroad?
This is like one of the best reasons bitcoin will even be adopted globally soon. I have tried this twice and it was like, yeah! I have been able to finally solve one piece of the puzzle I always battle with in the past regarding having to change my currency before travelling. However, this still depends on the country you are going to but over time, as bitcoin evolves the more, we will start having more adoptions. |
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Mybe not because bitcoin status like a commodity, when market demand more bicoin then the price is going sky rocket and when demand is going fall then bitcoin price going down.
Yes that is very true, I wouldn't be able to control the bitcoin world economy. because basically the world economy itself there were several factors that influenced them and that which governs local government or individual States. bitcoin only digital currency that may be controlled on the internet is not the world. and bitcoin itself may just be able to help improve the growth of the economy of the community. Yes you are right. Bitcoins are just digital currency that is being created in software and they are being controlled somehow through internet. So yeah we wouldn’t say it will rule the world economy but maybe the future deals with bitcoins only so that may happen too. |
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Yes, it can provide income, people are making money through bitcoin because it you can work on different signature campaign, translation, and you can do trading. Your friend can really make more money through online because bitcoin has very high value. So I can advice you to try working online too because you can do it even you are working on a factory. Like factory in a day and bitcoin at night. It will be exhausting but it is worth it.
Yeah you are absolutely right. If you are talking about campaigns and translations and advertisements, you can do it at any place where you are accessible to internet and laptop. Believe me you will be getting enough money that you will easily cope your needs. |
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JPMorgan Buys the Dip After CEO Trashes BitcoinDays after JPMorgan Chase & Co. CEO Jamie Dimon labeled Bitcoin a “fraud” and threatened to fire any employees caught trading cryptocurrency, it has emerged JPMorgan Securities made a number of trades on the Swedish stock exchange. Someone at the company bought and sold an instrument called Bitcoin XBT that tracks the bitcoin price. Source: https://www.bitsonline.com/jpmorgan-buys-dip/ Am I surprised? No! apparently, so many people fell for his pranks and he is so happy now buying at dip. He must have really been smart after all and he needed a perfect point to buy in below support level and once the support kicked in, he kicked in too.  With all his blabs, I suspected this was his plan. |
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If you have $ 50, you can be invested through trading with your funds will increase if the price is going up to 2-3 times  I think for getting bitcoin every day you will have to spend more time bitcoin forum, upgrade your rank. As you keep in touch the experts you will gain the knowledge about bitcoin and will be able to make bitcoin in a short time. Other way is to invest in bitcoin and your investment will grow more and more with the passage of time. For every business especially here for bitcoin knowledge and experience are mandatory. |
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governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.
As of now governments were starting to do a review regarding this system how can they use this to improve their own country , which means they are open for the possibilities and potentials of bitcoin but I will stand in the fact that paper money will still run in different nation since we cannot force every people to use bitcoin for their daily lives and it also has limitation in which oayment will take a bit long when bitcoin is the currency in the sense that that we will open the gadget , connect to a wifi so on, unlike in paper money you will just give and goodbye. In my opinion, there is no such way to replace the paper money with the bitcoins at all. This is because bitcoins are not a legal currency at all and even today, most of the financial matters or the inter relations of the two countries are solved in terms of the fiats. If one supports the bitcoins, then it might be possible that the other one deports it. |
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hello, I was wondering if major and smaller banks invested in Bitcoin or other Altcoins? I think they did but, the question is how? and with which methods?  of course any bank will never say it publicly.... someone who knows something can explaine the community? thanks If a bank accepts bitcoin or any altcoin, they will take positive action, and the message will certainly be publicly disclosed. If the banks will starts accepting bitcoins this will be a revolutionary step and this will gave them huge profit as they were securing from paper money all the thing is that banks should come to know that upcoming time is of digital currency and bitcoins so they should take a steps and start accepting it and then enjoy the profit through it. |
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bitcoin pump again after falling this is because alot of people buy bitcoin at that low price that's how the traders make money they won't let this chance go away so they're buying a lot of bitcoin just to have an huge value of income when bitcoin goes to the moon again or what we call have its big pump. even though most of bigwhales are from china.
When the bitcoin price is still increasing,its time that i observe the trending in the blockchain market,but as long that i know that my bitcoin portfolio is still earned, i do not hesitate to continue buying bitcoin as long as still thinking positively that my money will continue to have a high value in the market. You must buy more when the prices are low this will help you when prices are high the more you hold in the days of lag the much you secure high profit so don’t hesitate buy now and hold it till high prices level reaches and then sold out your currency and then count on your profit you will be pleased by blessing of bitcoin. |
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Everything is easy to control. Just control it.
Yes, it is you who has to control the things. If you manage to control the things in a better way, you will be able to get a lot of profit and earning. I think selling your Bitcoins at a low price will never be appreciated. You need to keep calm and cool under any condition so that you make a right decision. Selling at fewer prices can never result in case of right decision. Yes this strategy has more scope as compare to fast sell and trade as buying in low gave you advantage and sale in high will give you profit and then you will get more than you expect. So buy as much as you can and hold till the prices goes up and in November these will go up and will rise till end of 2k17. |
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I started to look at the chart in log scale, which is the one used by most professional traders. It's not something I would call a bubble.
As someday prices are bit low people start counting on it don’t be panic it just ha nit low it will rise again then you will forget these day my thinking how many to buy and how many to sell. Just wait for the time and you’ll get what you expect or more than you expect I see this as a game of time and bit fluctuation. |
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Triple within 10 years means 20% interest rate per year! About what kind of insurance do you speak, as I have never heard about such huge interest rates in regards to insurances? You are absolutely right that the inflation will reduce the value of your Fiat money and how much will depend on the country you live. If your insurance pays you 20% per year, then this is likely also the inflation rate of your country! Hence, investing in crypto currencies is clearly the better option.  The smartest choice is cryptocurrency (bitcoin). Because investment will be secure to you is more fast in it and you get a lot of benefits from it so no need to get stuck into insurance the safest one is bitcoin and it gives you and your family a secure future. So do it fast and earn fast. |
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I never would imagine that the bitcoin price would be 4000 this year. Before I knew it bitcoin at the price of 1000 but at that time I ignored it.
this year I tried to invest in bitcoin even though the price is expensive. But i still gained some money.
You should know bitcoin price in this year has reach over $4500, bitcoin is the best investment in 2017 because this year has recorded history with the highest price bitcoin achievement of all time. Best investment just useful when the price of an asset still cheap, but now, current price of Bitcoin is very high! Of course, I can not negate Bitcoin still is good choice for investment, but you should consider about the risk of this field. Yes this is the best invest of 2017 as well as the era because it had many people rich from mediocre no matter it prices are down now but it is everlasting investment and it will give you profit more than expectation sooner or later, so invest in it and enjoy as other do. |
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Bitcoin could replace the dollar if the user continues to increase, according to data that the user is circulating that bitcoin is not more than 1% of the world population, if it could reach 30% then I'm sure the bitcoin can already beat the dollar.
Even if it does, there will still definitely be fiat basis in place for us to know its value or sometimes make transactions unless of course we want to switch totally from crypto to crypto and we both know that will be hard on cryptocurrency itself. I feel both will still go hand in hand eventually and people will then decide which they want to choose to use or how they want to make use of what they have with them. |
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btc is best all time cause it price regularly increase but if want hold for long time eth is best. Eth and btc regularly increase . now if you buy eth at a time you see btc and eth price high then you exchange eth to btc. you growth you satoshi. so i tell eth is best long time hold.
If somebody wants to invest in altcoins, then the best option he has are ethereum, waves, litecoins, Monero, ethereum classic and ripple (listed from most to least with respect to potential). However, none of them stand a chance against bitcoins. It is the number one crypto currency and produces the most profits. |
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hope we make the future may altcoin still exist so that the economy is stable for the future
Bitcoin value changes do lay an impact on the altcoins and we all can see the way eth, waves etc wavered a few days ago when there was a chaos everywhere. But to say that altcoins will also die with the death of bitcoins is not correct indeed. Above all, bitcoins will never die so our investments are safe. |
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I value bitcoin as is like an actual currency. I can use it on my everyday life which means I can actualy use as payments for my daily needs, for shopping and paying monthly bills. I can say that bitcoin is good for it's use for our living.
Yes bitcoin can be use in everyday routine in exhange of services. As just like me I value bitcoin because of the value that increase so anyone could earn income. By this way I always save bitcoin and hold aiming to earn profit. Bitcoin has the fastest rate of value gaining as compare to any other asset, whether they are digital ones or come in the list of physical ones. This is the reason why more and more people are investing in bitcoins and the way bitcoins survives through all tough situations is just marvelous. |
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Would you accept bitcoin as your salary in your profession, especially if you work in other country?
For me yes I will accept bitcoin because we can exchange it in our local currency.
Yes because it is sound safe and very convenience just like bringing only the credit card or it is just like walking with out bringing paper money in the streets in which lots of bad guys are roaming today to steal or take our hard earned money while bringing only bitcoin alone i believed no one will notice and no one will steal it from you. That’s a great idea and without any hesitation I will accept it as my salary because who will refuse such a profitable currency as salary. It gives runtime benefits as well as it secure the future so it will be given as salary nobody will have to worry about the life after retirement. |
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