I think it is impossible to replace with conventional money, even the government alone is not possible to allow it.
the government of Japan allow to use bitcoin so if they find the benefit of it then they will announce to use only bitcoin for the state which can happen in other countries too. They will then love bitcoin and will allow their citizens to use bitcoin only and they will support this currency. |
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Does anyone know where that guy is and what hes doing these days? Hes not serving pizzas for a living I hope. Hehehe. That would be so ironic.
If a person can pay that much for a pizza then he might also have some other amount of bitcoin and he will have tat in his wallet so I am sure that he will be a more millionaire with his remaining bitcoins and he will now take care of his bitcoins. |
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I think bitcoin is like a gold...in terms of investment both are beneficial in our living because it help us a lot in securing our families wealth. Gold and bitcoin also has its ups and down....A gold increases its value depends on the market and will stay forever A gold is a gold that has its value.....The bitcoin is more likely has its power to conquer gold because of its unstoppable growth in social media. So i think they are the same because it all has its value and i will invest for them both.
yeah you are right that bitcoin is like a gold but i think bitcoin is going to precious than gold because bitcoin price is too much high now and i hope bitcoin price will be more go to higher value in few weeks. yeah is going much more stronger than gold because bitcoin price is very much high than gold and we can not get a big profit from gold like bitcoin bitcoin we know that here is just bitcoin bitcoin can give us big profit in short time. Gold is now remained as a source of ornament it is for females jewelry and the traders are already shifted to bitcoin investment and they now not need any gold for their investment. They already have spend a longer time to invest and wait for gold but now in bitcoin they do not need any longer time to wait. |
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Signature campaigns on here and local bitcoins buying and selling. Buy a BTC ATM and be the first BTC atm in your area. That's more of an investment or....., I know it's controversial but loaning on Bitconnect or joining their referral program.
BTC ATM is a good idea but i think it will take a high capital to take the start so a simple person will not be able to do that for earning bitcoin but a rich person will be able to do that as he will be able to afford the consumption on bitcoin ATM for his area. |
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Bitcoin is here to stay! Still raising like hell  Yes it is sure that bitcoin will remain among us forever and will have a very good future. In the future I am seeing that everyone will use only bitcoin as their payment and will not find time to convert them to fiat but will like to use their bitcoin directly for their needs. |
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If this will be the price for any transaction nobody will use it.
The price should be a percentage of the amount of currency being transferred.
I think those people who will do international transactions or any bigger transaction will not leave bitcoin as it is still lower for them and they are happy with that. By the way your suggestion is also better. If percentage is kept as a fees for transactions then the problem may solved. |
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Now people around me know that I am earning my salary from internet so they ask me about my job and when I tell them about bitcoin and my earning with the help of bitcoin then they ask me about that and any person who know about it and have some money to invest in bitcoin then they ask my help to invest their money in bitcoin.
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I have doubt that the use of bitcoin will increase so much that we will hardly see any fiat/conventional currency transaction. Many services are going to be in the form of digital so in this way every transaction is going to be preferred in bitcoin.
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I feel fair because everything makes sense, like where to make this transaction usually faster than usual let the cost that I spend not too much.
it is not fair to those people who join Bitcoin from the early stage when the fee is less than 10k statoshi. And now, the fee is more than 100k satoshi and continue to go up. Bitcoin needs to be fixed For those people the fees will be higher as the price is increased with that the fees amount is also increased while it is a very better fees for those people who are doing much of their transactions with fiat as they know that how much higher are they paying in fiat. |
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Bitcoin is the real deal here, and altcoins is just another currency that would like to take a part of the growing industry that bitcoin is experiencing ever since. Altcoins are creating a thing that bitcoin never had because it is like a marketing strategy to attract people to use their created coin to have a value in price.
But still I do not think that any coin will come which will have any chance against bitcoin. As bitcoin is the master coin and the developers of bitcoin are more expert than the developers of any other coin. Even the developers of ethereum cannot defeat bitcoin. |
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I have been trying to deposit/withdraw fiat into different exchanges, and I found that most fees are absolutely ridiculous (7%-10%?!). With many options to deposit/withdraw fiat (and different fees), I think we are getting a bit greedy with Bitcoin.
According to Bitcoin price at the moment, depositing fiat worth of 1BTC ($2,053) requires fees ranging between $21-$205, while most of us want to transact that same 1BTC with something like $0.5 and getting rage over the delay!
I think paying $1-$5 in fees is relatively acceptable, since bitcoin price is rising every single day.
You are right we are getting greedy but if we think and realize the reality then we will accept the current fees of transaction which miners get from us. A few day ago when I was going to transact bitcoins of worth $250 then I paid a fees of $2 for that I was worried about the fees then I thought that it is for a balance of $250 then I happily accept it. |
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There are many ways to earn bitcoins. Apply for signature campaign and take it seriously. Be patient and follow the rules, terms and conditions. But be careful and trading and gambling, it's risky and make sure to register to a legit signature campaign.
Signature campaigns is a good source of extra pocket money but dont take it as a source of income. some signature campaigns are just scams so better check it first before you join. trading and gambling is also one of the potential ways on earning bitcoins. yes you are right that signature campaign is a good source of extra pocket money but i think it is not only a source of extra pocket money also we can make a source of income and i do not think that signature campaigns are scam, actually some signature campaign are for short term and some are for long term, there is nothing about scam in signature campaigns. i think that trading and gambling is much more better than signature campaign earning because trading and gambling is permanent way of large amount of profit and we can not get a good from signature campaign. But I do not think that gambling is a better way to earn money because gambling is a very hard way to earn money because of its high risk. If people will gamble only for entertainment then it is ok but if they are gambling for money then they will lose. |
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Bitcoin being commercialized on the Television would allow more people that haven't heard about Bitcoin to get involved with Bitcoin. Since there's people that like to make money doing a bunch of odd things then I am pretty sure that there would be people who will be interested in making money by only investing their money into Bitcoin.
You are right as there are still many rich investors and traders who are still investing their money in gold and they are waiting for longer time for the price of that gold to increase in value and then they withdraw their profit and some poor traders who are not able to invest in gold and do not find any other asset. If they both will hear about bitcoin then they both will get a good profit. |
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I will suggest you to create a blog for crypto currencies or any other category which adsense accept easily and make it of multiple pages and in one of the page you add the faucet script. Then I hope they will accept your site.
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Can you tell me that what will be the result of those bitcoins which are in the wallets whose passwords are forgotten? Especially I am asking about the wallets of blockchain.info wallets.
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I wonder as of today how big or small is the penetration of BTC among the global population, in order to realise how much can the price of BTC can grow as more people is using it.
Does anyone know how many people or a % of the global population is using BTC???
That is question is asked a few times on different platform that how much population of the world is using bitcoin and they want to know at least the percent of the users but the answer is not specific as no one in the world has the data that who is using it and who is not using it and that is because of its nature of anonymous. |
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I think no. Because we all invest in bitcoin knowing the future prospects and nothing else. If I know that the price of a particular currency is going to be stable, I would not be interested in investing much. Probably a small amount will be invested to support the downfall of other investments. However, the bigger chunk of money would go to the one which has a great future prospect.
I think the dynamic pricing of bitcoin and huge future prospects make bitcoin the best and most popular crypto currency. If the price starts falling down constantly, then people would not take much time to switch to a different currency with better prospect.
You are saying the view of an investor / trader. But try to comprehend the view of merchants. As stated when price of bitcoin become stable, it will only shift audience and continue to be popular. YOu may not be interested in a stable price, but I do like stable price and I will get more interested with it to use as mode pf payment to my store. That is right that the merchants like the stable price. The merchants are the stronger supporters of bitcoin as they if find bitcoin beneficial for themselves then they will stick to it and will give more strength to it while the traders will buy it and will throw to market when they see the price higher. So we have to care for merchants and the merchants like a stable price. |
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I prefer holding bitcoin that Gold because bitcoin price is pumping and pumping and because the bitcoin has a limited volume with the characteristic of that then the bitcoin will undergo the supply and demand because of the limited supply. So the price of it will depend on the people who are supporting bitcoin so the price of the bitcoin will be pump as time pass by.
Well you have some point. That bitcoin still rising in this year. As of in january bitcoinprice took in $1100 i think and drop down to $888 then climb up to $1800 now..... And still more rising. Anyways Bitcoin is much more nice to hold than gold because you will see it thay bitcoin price in 2013 is just $1-$10 but now 1 BTC is now $1800 and still more rising. Do you think that this rise is going to last forever? I really doubt that. It is looking like a bubble right now. No one knows when the bubble is going to burst. Just be prepared, as I feel that a major correction can happen anytime in the next few weeks. But there is nothing to worry, if you have already done your bit of profit booking. Yes bitcoin price is like a bubble in water, now it is growing big slowly, but one day it will burst so wait for that movement and before that make money how much it is possible. And gold is an evergreen product the will not pump like bitcoin, but it is stable at one decent price since many years. It will never fall like bitcoin. Gold has been pumped and dumped many times over the decades so there is nothing stable about its price. Sure the volatility on bitcoin is bigger but that's because its marketcap is smaller so it takes less money to move the market, once bitcoin reaches a similar marketcap as gold the price will be just as "stable" which is to say not really stable but less volatile than now. Bitcoin cannot match the same marketcap of gold because Bitcoin have maximum limit of Bitcoins but gold still have 3 times more then bitcoins value to be discovered. I will prefer both investment gold and bitcoin because both have their own benefits. Yes both have their own benefits but we do not have to suggest both to everyone as we do not know that what type of benefit a person want from investment of their money in any asset as if a person is looking for faster profit from his investment within a shorter time period then we have suggest to him to invest in bitcoin as bitcoin is a type of investment which will fulfill his that need while in gold he cannot get a faster profit within a shorter time period. |
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No way, BTC is still dominat most of trading in pairs on several exchanges. I now price of it is over $1800.
We can call it's successful not fail at all.
Yes you are right it is not possible that any one say it as died in nowadays when the price of bitcoin is increasing more higher which is the sign that the demand of bitcoin is increasing the other point I got from you that on almost all of the exchanges most of the altcoins are pair with bitcoin which means that bitcoin is the master coin of all. |
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I think now or a few years bitcoin can not yet replace the dollar position, there are still many people who do not know or understand bitcoin.
Could happen But it takes a long time for the bitcoin focus to replace the dollar.!!! In actual bitcoin will not complete finish the dollar but it will push dollar at a side and then dollar will be used as a currency for a single state as other fiat currencies are in use and it will replace dollar in the sense that it will be used for international dealings by private and governmental organizations. So I think it will not take much longer time but only the governments need to accept it as their currency. |
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