You should consider the time that it will take as well. Just because there's profit, doesn't mean that it's a good way to make money. What if an emergency comes? Then you would only get a few dollars after waiting for a month or so. A good way to make money should give you the most profit in the least period of time. I think there's a lot of other things in the cryptoworld that is better than holding bitcoins.

The only reason why gold is expensive is because it is used for technology, and for luxury. People would spend money just to look rich and when they say that their accessories are made of "gold", people would assume that they are really rich. Once another precious metal takes over, the price of gold would deflate and gold would have an almost-stable price.

Bitcoin, on the other hand, is built by its popularity and the people using it. People trust bitcoin enough that the price of it isn't going to zero. If another crypto-currency rises, it's very likely that it will just introduce new people to bitcoin and help each other. It will not take down bitcoins. Bitcoin and altcoins are a team.

Not at all. Most of them are convinced that the article that they have read is more credible than you are. It's not our responsible if their thinking is like that. We don't have to convince them, most of them will just be another user to spoon feed anyway. However, if people are talked about "how to earn money", once you've mentioned the word 'money', their mind lights up because everybody wants money. Maybe use that to catch their attention and make them interested.

The sole reason why you think that bitcoin is so profitable is because you're getting paid in bitcoins. If you're getting paid in Euros, you'd say that euro is more profitable, right? There are other things that you can do in the real world and I think fiat actually pays more than bitcoins. You get paid for 10$-15$ per hour in your day job while in bitcoins, you only get paid a couple of dollars per day.

Globally, people can receive and send bitcoins. Not sure why did you even have to mention that. You are free to use it and the government can never change that fact.

Forget about it for a decade? Would you expect someone to suddenly remember about it after 10 years? If I were to do that, I will not forget the fact that I have some bitcoins reserved for the future. Forgetting about it for a decade might just lead to forgetting about it forever. Thus, losing capital and potential profit.

Apparently, that's not how it works. It's very unlikely that the price will double every two years. Doubling the price every two years in 10 years will be 685 * (2^5) = 21,920 $. That is not realistic at all because of this constant hatred and bad reputation that the media is giving us.

But imagine investing all those millions of dollars that solicited by altcoin projects in bitcoin instead. We would be far from where we are right now.

Scam coin has been a trend ever since and I think that just decreases the price of bitcoin. The bitcoins that the devs have collected will be converted into fiat no matter what the price is. I think bitcoin would be much better without these scam coins covered by the name "altcoin".

Spending bitcoin wouldn't necessarily increase the price of bitcoin. The price of bitcoin mainly increases because people are buying more bitcoins, not spending them. Spending bitcoins will just transfer your coins into another person's bitcoin wallet. That other person will probably just hold that bitcoin too because that's what most people do. Ultimately, the market will just move downwards once that other person decides to sell his coins.

Seeing how frequent an altcoin becomes a dump coin, I can only say that you should put your trust in the altcoin that you're buying. Yes, you can conduct a lot of research about it but all of them promise good things and mostly everybody is so optimistic about it. You'll get swayed by all those positive stuffs. Some dev even say that their project is doing great even if they are facing problems.

I would probably just merge the idea of a local exchange site and a blockchain wallet. My new service will allow you to withdraw your money to the bank and other types of remittances, top-up your phone, pay your bills, convert your bitcoin into your local currency wallet, all just like a local exchange site.

But in addition to all of these, you would also be allowed to know your private keys, sign a message, and import new private keys. If I do have the time, I would also add a feature to make your own vanity address.

If that's your only method, then how are you going to deal with websites that doesn't show the number of members and withdrawals? In my experience, you simply have to google the website that you're about to use. Even before you find out about a website, somebody has already posted a feedback about it. But sometimes most of the time you can just sense it yourself, most unpopular websites out there are scam anyway.

I think those people that are looking for passive income are those people that are too lazy to work in real life. That's why there's a lot of victims of ponzi and cloud mining sites. The ones that are targeted the most are the newbies who are totally unaware of this bogus. I do not have a passive income for I believe that hard work is the only way that we're going to be successful one day.

Nope, it's not like that. It's very likely that the US Dollar crashed because the fiat currencies are getting dumped and people are migrating to bitcoin. It's like the fiat currency is inversely proportional to crypto-currency. But it's also likely that the US dollar will crash even without people migrating to crypto-currency because of the fact that they have a lot of debt now and their next president isn't exactly what people need.

There's actually zero demand on low UID accounts simply because there's no point on buying it. Even if you purchase it, it's still either a newbie or Jr. member in rank. It would be as if you just created a new account but the UID is lower. Those low UID accounts are just from the list when bct accounts got leaked back then and I think the only ones that they are selling are those that doesn't have a staked address.

I guess simply having connections can make a difference. You don't have to own a large amount of bitcoins to make the market move, you just have to find another person that is interested in investing at something new. Connection is really important in rich people because that's what makes their business more known to people. In a way, it can also be used to pump the price of bitcoin. I guess this is only applicable to people who knows someone rich in real life or maybe someone who is very influential in real life.

But apparently the age of something doesn't determine if it will stay longer or not. Everything can be replaced by a brand new idea. Those people that were in the barter system might thought that their payment method will never be replaced ever just like how you think fiat and the banking system will never disappear. But look at us now, the barter system has been replaced by fiat and fiat will eventually be replaced by a digital currency.

Oil is a natural resource and it will eventually be all used up. Apparently, we use too much oil nowadays so it's running out sooner than we expect. Having bitcoin instead of any fiat currency will save you from the deflation that fiat could have in the future. The USA will have a new president soon so we'll see if what would happen to their economy. It can change or it could go down faster than it should be. We'll see.

"gold is better than gold" Slow down typing.

Yeah it will never reach "zero" value since it has a physical state and people love shiny things but it can have a much lower value than its present price. I cannot see why would bitcoin lose its value. Right now, we're pumping and pumping. A lot of people are into bitcoin and that alone is a proof that bitcoin cannot lose its value because people will continue to buy bitcoins and sell bitcoins. But not unless if something shut down the bitcoin network.

The elderly will eventually going to die and they most likely die sooner than us. Those 'tribes' aren't our concern here. They didn't embrace the idea of fiat so we cannot expect them to use bitcoin. Once crypto-currency becomes a thing and once the majority of people starts using it, the rest of the population can only adapt it. After all, humans have that capacity or instinct to adapt the society.

It doesn't happen all the time but the problem on that is that we don't know when is the time it's more likely to occur. Right now, blockchain has a problem. I've been waiting for 2 days on my withdrawal. There are also people that are experiencing this right now. The thing is, we've already considered fast transactions as the 'normal' thing so when our bitcoin gets stuck in a transaction, we don't know what to do or more like we can't do anything. Nobody controls the bitcoin network and we can only wait when this kind of situation happens.

Putting a limit to your dreams is far from being realistic. The guy that you were talking to is just being realistic. Me too, I see that 1000BTC is such an impossible goal to someone that has very little. Doing altcoin trading can sometimes give you good amount of money but it wouldn't even reach 0.x BTC unless you have a decent capital.

So you're saying that you're "saving" money. Don't you think that you can only reach 1000BTC by saving only when you have a decent amount of money to save? Investing can help, yes. But it's still not enough.