Fiat will not be worthless as long as you can exchange it for good and services. In order for fiat to fall we would need a gigantic event that would be studied thousands of years from now at a roman empire fall tier of happening. We are talking about the biggest fall of empires ever.
Yes increasing the value of bitcoin cannot make any changes what so ever on how fiat being used,becuase its not about the price,its about how many peoples accept in all over the world,and increase value of bitcoin to $10.000 or even more would not make it take place of the fiat currencies. Yeah even if price goes in millions then also fiat will always exist as everyone prefers to use fiat as it can be used everywhere easily and even it holds support from the Government. |
|
|
|
I think that if I have to be honest gold is not better because its just takes so long before its profitable, I really hate it if I have to be honest.
I think that bitcoin is more profitable because its usable on more terms.
but i thin but bitcoin and Gold has their own value and we cannot ignore the importance of one, as gold is so stable as compare to bitcoin and you can trust on gold with out any doubt. while bitcoin is a flexible currency and there is always a great variation in the price of bitcoin therefore you can make a good profit if you invest your money in bitcoin. That's right bitcoin can give us higher profits in compare to gold as there is no limit in bitcoin when it comes to high price but we cannot expect gold price to go higher after a certain level. |
|
|
|
Bitcoin is already kinda an international currency. But i doubt that you can use it everywhere and anywhere. You can only use it to nations that accept it.
it's not limited by nation but limited by whether the shop is accepting bitcoin or not,i think every countries that having online shop there must be atleast one or more shop that accepting bitcoin as their alternative payment method and it's mean bitcoin can be used everywhere as long it's accepted Bitcoin getting accepted only in few shops in entire country doesn't makes it an international currency, it can be treated as an international currency only if it is widely used and accepted. No mate, your explanation is only limited to buying stuffs in online shops, there are many ways we can spend our bitcoins including remittance, so IMO it is already considered as an international currency as we transact worldwide in just a matter of minutes, bitcoin connects us and that makes it an international currency. That's true but to become it as a international currency we also need that maximum people should be aware about and using it which doesn't seems to be possible at a moment. |
|
|
|
"A best way to earn extra money which will keep on growing over a period of time" and I am sure many of them will become curious to know more about it as everyone loves money  |
|
|
|
for me Bitcoin allows me to hold some saving out of the banking system and the hands of the government.
pretty much everything and the same has you, being able to be my own bank, look for opportunities to generate bitcoin, offer some of my skills to gain bitcoin, trading, buying and selling, business opportunities which is pretty much big right now, one thing i do hate is not being able to mine in the beginning  There are pitfalls to being your own bank. Ultimately you have to cash it out, as it stand right now. And if you do a large cashout to your bank account, the government'x tax agency will be on you like a hawk for not having declared the money. Think Al Capone. the best things of the bitcoin are that everyone can deal with it you dont have to be smart to deal with the bitcoin you know the only thing you have to know is that you can make allot of money by doing it well. On the contrary you are really smart if you use bitcoin for bitcoin is the future and best of technology.Not everyone might make money with bitcoin but that is not bitcoin is created for.Bitcoin is a money not a method to earn money Bitcoin is allowing to earn money in different ways and if you cannot grab those opportunities then its a very foolish move to make and people who don't have money to buy them will always prefer to earn them. the one thing that make me shocked when I hear about bitcoin in the first time is bitcoin as virtual currency / crypto currency. I do not ever thing that money can become virtual. Honestly I thing it would be nice if I can buy something with bitcoin that very very practicaly. I like bitcoin as currency but I think it is fine if it is being one of the way to earning money, it will increase bitcoin value amd increase bitcoin devootee automaticaly. Bitcoin is generating revenue for us so we should make our best efforts to earn it to a maximum level as if price goes higher in future then it can have positive impact on your financial status. |
|
|
|
Most of the people who are with the opinion of selling all the bitcoins are the ones who haven’t recognized the true potential of bitcoin or who are less than average risk takers. I would say don’t hold your bitcoins if you are not confident about it, there is no point of investing without having faith. Bitcoin is a revolutionary technology and has great potential and thus I am very interested to be a part of it from the beginning but that’s my opinion and I can’t force it on someone else.
What you said is true that we need to have faith in the potential of bitcoins as it will grow much higher in future but if price goes higher in recent times and if its giving you profits then its good to sell a part of it. |
|
|
|
Yes I can say that with confidence the bitcoin is gonna do this, I think the first country it will help is Brazil because they already have a lot of accepted stored right now.
There is indeed a chance it will change a lot of poor countries in a better place by boosting their economy with the bitcoin. Brazil is going to the right direction so I also agree about that. That is a good example and most countries should follow on that, with bitcoin transaction is fast and cheap and it would be a great help for a country that instead of making the rich more richer, we will be the only one who can get the benefits of our own expenses, the good thing is we can invest as well. the problem i government won't allow their people to be liberated they wont allow people to use this system because they wont able to control and they can't do corruption if people in their country start to learn about this transaction process im just hoping that with the coming generation leaders that will go to office will be open minded like us. I don't get the point of local stores accepting bitcoin and helping poor countries. You are missing the most important thing does the people you are referring to have bitcoin to spend them to local stores? Of course not all of them have the favor as the favor of bitcoins are for the stores who accept it. Also in order for it to help poor people in general they must be able to find a sustainable and generous way to earn bitcoin . In that case I will now see that Bitcoin has help poor countries. Yeah and it can help people of poor countries only if they know how to earn it and that is not happening at a moment as no one is aware about bitcoin yet and they will also need internet to use bitcoins. |
|
|
|
Bitcoin can't make banks disappear,cause banks are protected by goverments of different countries and bitcoin is illegal in many countries, it's really matter
yeah people must take a notice about this , banks available around the world and it was regulated under governments noone can touch it bitcoin is far too weak compared to banks for now but who knows in the next few years it could be i just have more doubt on this. bitcoin is much stronger that you may think. but the fact that it can not replace the fiat as we know it only shows that government is stronger. and also they are deeply involved with fiat so they won't want to give it up; Yup banks are the strongest financial institution that we have and comparatively the size of bitcoin is too small and banks holds maximum satisfied users who will keep on growing over a period of time. |
|
|
|
I would change only one thing is that is the fact of the confirms, it would than not have any confirms anymore that takes a long time anymore because its annoying.
Removing some fee's would also be a option.
Delay in confirmation time is really a big issue with bitcoin and most of the users are complaining for the same as its very irritating and frustrating to wait for a long time when you are in urgent need of cash. |
|
|
|
I have my own work, part time job that teaching kids at the night while I'm working at the day.
Afterward, I'm focusing on this forum to get another income. There are plenty way to earn money ...
There are multiple ways to earn bitcoins but none of them promises us stable income as the price of bitcoin is not stable and that will lead to difference in income on regular basis. |
|
|
|
I would not say that gold is better then bitcoin or that bitcoin is better then gold because I only invest in bitcoin and I do not nothing about gold at all.
I hear that gold is stable for many times but it seems that bitcoin is also going to be that way.
but very honestly i will like to say that both are important for me, and both have their own value we cannot ignore the value of one and not can give preference to one on other. Well for me both are good to invest but the problem gold is safe and it takes a long time before you can make a good profit if you have patience gold is a good investment and bitcoin you can see fast movement of the price so if you want trading fast bitcoin is a good choice.. Earning profits from bitcoins is not time consuming like gold as price volatility in bitcoin will allow you to make quick profits and in gold you need wait for a longer duration to make profits. |
|
|
|
If I am in desperate need of money then I will steal them Just kidding, well if I get stuck in that situation then I will prefer to sell some of my goods to get quick money. I will be more hardworking if i am out of money desperation is not a googd act at all, simple ways to earn money will be useful. Selling my unused gadgets will be beneficial and offering services like washing the car, clothes laundry and many more will be better to earn money. Yeah and if we are in desperate need of money then at that stage we are willing to work anything from where we can generate some revenue to take care of our emergencies as at that time our focus would be to get money anyhow. |
|
|
|
I would suggest that you continue on trading. For me it is the most safe way to grow bitcoin rather than investing it at hyips because most of them are scam but not all, others will last for month but will be eventually become a scam. Or gambling it because we all know that no one gets rich from gambling.
Investing in HYIP is asking for trouble but not all investments are scams, probably one of the easiest ways to make some money is to invest in the bankroll of bitcoin casinos. Its more easy to invest in bankroll in bitcoin casino but the problem its still not safe because there is still possibility that you can be still lose in gambling unless if you are lucky that gambling casinos are always win not all the time.. many people here are shut their mouth that many people are making a good profit for gambling.. for me its still good to invest in trading. There are no guarantees that is correct but with the house edge on your side then making money in the looing run is basically a mathematical guarantee. I think even you know about mathematics in the game you will still don't know what will be happen since its all randomly result and its depends in your skills and luck.. even you are gamble their for long run or short time.. they will be the same result.. Yes and I don't think that any skill can help you in winning in gambling, you can only win only if you are super lucky on that particular day and we know what would be the results most of the times. i agree so its still better to make some research instead find a good quality coin to support the forum itself can be a good venue to learned about our supported coin so all we just needed to do is to review and make good assessment in order to grow our btc in terms of investing to trading. Many people here are always refering trading is a good place to grow bitcoins .. but this is not the only way i think many sites and company are paying in bitcoin without risking to invest your money.. just to use some of your bitcoins for buying domains and hosting like some Pay perinstall that are paying bitcoin once you reach the treashold 10$. we know trading is a good way to make profit but not is always a good choice many sites right now are offering for bitcoins.. People will always choose to grow their coins according to their convenience and comfort level, someone may go for trading and one who feel that he can grow his coins even with gambling then he will surely go for it without thinking of any risk associated with it. |
|
|
|
I don't have that much money but I wouldn't dare to invest everything in Bitcoin. No matter all advantages it's still risky. But I'm trying to enlarge my portfoliobit by bit and with time to have some decent sum in my wallet. To my opinion it is always good to diversify investments.
And that is the way it should be done, if you don’t feel comfortable with the risk associated with bitcoin then investing just a small amount is the right choice. The future of bitcoin is unpredictable so we cannot afford to invest all our money in it as if anything goes wrong in future then it will surely make us to loose all our investment at a single point. |
|
|
|
|
The best and the safest way to sell your bitcoins is to be a part of trusted and reputed site and it will also depend on the country that you are living in as for me localbitcoins is the best place to sell my coins.
|
|
|
|
It will be incredibly difficult to earn that amount of bitcoins unless you have great experience, skills, and substantial amount of coin already; if you don’t then reaching 1000BTC is close to impossible.
I don't think that earning that amount is ever possible for anyone even if you hold the best skills that amount is really insane to think of and almost impossible for a average earner of bitcoins. |
|
|
|
i think the present time is still good for trading as the price of bitcoin is still trading in reasonable price therefore if some one is still interested he can play gambling.
Any time is a good time to get into trading but once you get into it you need to be very active and should keep a close watch on the price movements as you cannot afford to miss even a single opportunity of making profits. |
|
|
|
I do not accept the bitcoin in my business because the fact is that no one is really interested in it from my customer so that is why I do not accept it right now.
but it will be my pleasure, i like to accept bitcoin from customers in my business, as there are very limited number of people know about bitcoin, but still i have mention on my front side of my shop board that bitcoin are accepted here, and that is only i want that people may know about bitcoin. No doubt that you put the board of accepting bitcoin as a mode of payment but how many people in your area are aware about bitcoins and if they are not aware did they ask you what bitcoin is all about? |
|
|
|
If you are waiting for something like this to come then you are going to wait your whole life because I know that it is not going to happen anymore.
The Bitcoin price is only going to get higher after this so buy now if you do not want to miss the boat.
Exactly if you are waiting to buy at that price then you are surely wasting your time as bitcoin will never fall to that low level again and in fact it will keep on rising in coming years. |
|
|
|
I buy Bitcoin so that I can make some extra money with it, buy when I think the price is low and if I have the money to be able to buy them.
Then I just wait for the Bitcoin price to go up so that I can sell them against a profit.
Yeah we buy bitcoins because its an investment for us and it will allow us make profits in short term and also in long term, and current price is not too high to invest as price will rise in future. |
|
|
|
|
Show Posts
