Just because those online stores doesn't have a Bitcoin payment, doesn't mean that it is not the best online payment available. The only reason that I could think of why people are still embracing Paypal is because most of the people out there have an ATM card and you can use that to directly withdraw/deposit in Paypal. If somebody buys your product in eBay and the payment used was Paypal, then you can easily transfer it to your ATM card.

The same thing can be done with Bitcoin but not many people are into Bitcoins because of their personal reasons. Paypal is very handy to most people and Bitcoin is basically just for those people that are very knowledgeable about the Internet. The majority of Internet users would still prefer Paypal despite of all the disadvantage just because it's easier to use for them.

Our world is ruled by the government. No matter which country that is, the government is totally in control. Democracy is just a term that they use, it's not even real anymore. Anyway, fiat money is just one of the ways the government controls their people. They will definitely put up a fight just to make sure that Bitcoin doesn't take over.

But, there's no way they could battle Bitcoin because it's just a data. That would be their major problem in making sure that fiat stays since Bitcoin isn't being controlled by anyone, then they can't blackmail, threaten, or have an agreement with somebody about Bitcoins.

Bitcoin becoming 1000$ each wouldn't even make you reach with that 10BTC. Maybe you can have a life that is better than what you used to have, but it's still not enough to make you rich considering the fact that those money will eventually be spent by just your necessities to survive life. You shouldn't stop doing what you're doing and aim for more BTC. 10 BTC is just a very low if you want to become rich.

The people that will be affected the most are those that have mining rigs. The number of Bitcoins circulating will not increase anymore if this happens. And that means that we will be forced to use that amount of Bitcoin only. It will even decrease over time because there are Bitcoin holders that die in real life and unless their private keys or their blockchain account is passed on to another person, then that Bitcoin will be stuck in his wallet forever.

I don't know if it's a good thing that there wouldn't be an increase in the number of Bitcoin circulating but one thing is for sure, as more and more people are investing in Bitcoins, it would be more easier for the Bitcoin's price to increase. Because there are no new coins, the number of Bitcoins will only decrease and never increase again. Making it more and more scarce over time.

I think this basically answers OP's questions. Just look at that database and the ridiculous number of pages (904625697166532776746648320380374280100293470930272690489102837043110636675). Do you think it would be easy to search for a certain address that you want to hack in that big database? No. I think it would take years or even decades before you can even hack a Bitcoin address using that database unless you got lucky and found the address that you were looking for at the top part of that list.

Maybe if someone designs a killer searching algorithm that will let you go through that much number in such short period of time, then we're all doomed.

It depends on my current state. If I were able to hold 10,000 Bitcoins, then I'm pretty sure I have a method of earning that much money. Maybe I already have my own company or I do have a job that pays well. What I'm saying is that if I was able to put that much money in investment in Bitcoins, then that basically means that I'm already rich in real life.

I guess I wouldn't be that angry because I was able to earn that much money before, then I can earn that much money again in the future. Maybe I'll be shocked at first or even cry, but I don't want to stress myself because of money. Maybe if that 10,000 Bitcoin is all the money that I have, then I'll be upset because I'll be broke at that point. But if I do have a lot of other money in fiat or other crypto-currency, then I wouldn't mind it that much. Stressing it out wouldn't help recovering that money.

What is even better is investing those money. Either you convert it into fiat and use it as a capital at a business in the real world or use your Bitcoins to put up a Bitcoin business online. The time that you're going to spend waiting for the price of Bitcoin to increase, a lot of profit can be made with those time. All you have to do is find a good opportunity or investment and then manage your time to keep up with your schedule and your newly added routine.

You're right, the majority of people would be dumping their coins long before we reach 1 million dollars. People would even sell their coins when we reach 1000$. But just because people in the Bitcoin world has dumped their coins, doesn't mean that the price can't be higher than what you expect.

To be honest, there are whales out there that are just patiently waiting and even if Bitcoin gets a major pump, they will just watch people dump their coins and those whales are waiting for "the right time" for them.

Back to the topic, the one million dollar Bitcoin is quite possible because reaching this price would mean a lot of rich people are migrating their money into Bitcoins. I remember stories of old tales wherein instead of keeping their money in fiat, they keep their money in terms of gold. Maybe because it's an investment for them and it is easy to sell. Applying the same thing to the modern people, rich people would keep their money in terms of Bitcoin instead of fiat.

The Bitcoin halving doubles the mining difficulty. Imagine if we never had any halving at all. Then people can simply buy a mining rig and mine a lot of number of BTC possible. That would mean a lot of BTC were already be mined as of now and more BTC in circulation means lesser price unless a group of people would hold a big percentage of the total number of Bitcoins in circulation.

Bitcoin halving makes it difficult to mine Bitcoins. That means it would come to the point that the number of Bitcoins in circulation isn't even increasing that much because of the high difficulty of mining. The total BTC in circulation would almost remain the same as day passes by and as more and more people invest in that remaining amount of BTC in circulation, the price would be higher.

I don't actively spend my Bitcoins at the moment. To be honest, because of the lack of the establishments that actually accepts Bitcoin, people can't actually "actively" spend their Bitcoins. I guess most of us would just be holding our Bitcoins for now and then convert it to fiat when the price increases so we could finally spend it.

Most probably, yes. Bitcoin is designed to be a currency on the Internet and any one in the world can access the Internet. Thus, people that are far away from each other can send Bitcoins to each other. It was designed to be used globally and every single human being has the rights to use it. Maybe that is why you can hide your identity very easily when using Bitcoins, so even if your government bans you from using it, you still can.

Twitter link: https://twitter.com/_EasyBTC
Twitter handle link: https://twitteraudit.com/_EasyBTC
Real followers = 570
Retweet link: https://twitter.com/Atomic_coin/status/785942375130501120
Address: 3P5FtB56EL6t7vvcifsdyBGbvtsvkCVVeq

Let's be honest, a lot of illegal stuffs are being done on the Internet especially on the deep web. A lot of people do this all the time and do you see the news flooding about cyber crime? The answer is no.
 
Maybe it's because their identity is hidden, the government doesn't actually care about all of these illegal stuffs going on, or maybe the government's cyber army's force is too weak to trace users. Bitcoin will just be one of those illegal stuffs going on in the Internet if it's been made illegal by the government.

With this price, people surely did embraced the idea of Bitcoin. A cashless world. But not entirely, just starting to rise. The growth is always exponential and at 10,000$, the price surely is starting to curve up. It'll go higher in no time as to more and more people would be embracing the cashless world once they see the advantages and how powerful it actually is.

The main advantage of Bitcoin is the time, effort, and fee. With just a few clicks and some keyboard action, you can send money to the other side of the world. The time that it will be there is just a few minutes. The fee is also almost zero, in some websites, the fee really is zero. In blockchain, there's a few cents fee but that's not much considering how many advantages that you get.

Why would you even tell Bitcoin users that Apple Pay is better than Bitcoin. This is like going inside McDonald's and talking to a regular customer that the relatively new restaurant in the corner is better. Bitcoin ensures security that's why it takes some time before you can get ready to send your money. Without even doing research, I'm pretty sure that Apple Pay is just the same as Paypal with the same set of rules and concepts.

I'm still holding my Bitcoins. Today, I converted some of it into fiat. Depending on the market movement, I'll either buy or sell more Bitcoins. It is quite rare to have a little pump these days so I took advantage of it.

Even though we cannot actually use Bitcoins today to buy stuffs in our everyday lives, I'm still using it everyday by buying/selling stuffs online. If people are buying something from me, I use my Bitcoin address to receive it right away. I will just withdraw the sum of it later on when the Bitcoin's price rises.

I think you simply want to say instead of,
It should be
I'd PM Mitchell about this. Let us see if he/she will approve to change the definition of Y/N.


Moved. Thanks!

This is like asking if criminals like getting paid and having their identity hidden at the same time. Well, of course. Any acceptable form of money will be used as a payment in illegal activities. Bitcoin actually have a reputation that it is being used in the darkNet and a lot of people have that on their minds for a while now. Sadly, most people only thinks of this fact and nothing else about Bitcoin.

I didn't reach that financial goals or have become a USD multimillionaire but I am proud to say that I can support myself now by just using my Bitcoin earnings and nothing else. As long as Bitcoin is there, I'll be able to feed myself 3 times a day, go to school, pay my tuition fees and other school fees, fund my thesis project. I can basically support my education now and I can leave home too because I can afford to pay rent for shelter now.