Bitcoin is primarily used as a means of storing value. That is, with his usual storage in his wallet, he brings a good profit due to the constant growth of his rate. It is also used as a means of payment and a means of exchange for other types of money. As a means of payment, it is usually used to purchase expensive items and services due to the high cost of conducting transactions and a long period of time for this.
Yes I agree with you bitcoin is going to use for different things it can be used for our daily expanse also it can be used for paying bills but most people are using it for daily trade theses uses are common use but some people are using it for investment also actually bitcoin is a digital currency and can be used for everything parents are using it as tuition fees for their children. |
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For me I hold bitcoin because I can predict when the exact time to sell the bitcoin, I hold and wait the right time to sell it because the value of the bitcoin sometimes goes increase and decrease.
Well its only for investment reason and all those who are going to hold bitcoins including me its only for investment purpose because I know very well bitcoin is a good source of investment when the price is low so I buy bitcoins and when the price go high hen I sell it and this kind of thing give me a very good profit than any other investment. |
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I agree with you, although reluctant to accept it, I have to say that there are a lot of transactions in bitcoin traders, such as the Silk Road website.
It is one of the base currencies of the dark net. I can only hope that the users of bitcoin will become more civilized and welcome this peaceful era.
Well I think it’s not an issue if they want to use it for crime or not because all the currency can be used for crimes for there is a possibility for bitcoin to use in crime it’s not a bitcoin mistake it’s a mistake of criminals because bitcoin work for humanity not for criminals when you study bitcoin it will teach you about trade, mining, investment not crime. |
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Trading, buying, mining and airdrops
There are many ways to earn bitcoin first you make sure that your rank is jr member and above because if you will join a signature campaign, they dont accept newbie and you can earn bitcoin in campaign by posting and there are many types of campaign like the twitter campaign and facebook campaign in twitter campaign you will do retweet and in facebook you will need to share, and also by trading you can earn bitcoin. And before you earn bitcoin you need to do something and work hard for it. Yes its true there are a lot of ways to earn bitcoin you can earn bitcoin through trade and also you can earn through investment what I am doing I always buy bitcoin in low price and then sell it with high price and by making transitions you can also make money altcoin, mining, are also the options through which you can earn bitcoins. |
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Yes it could be possible,right now there are too many cryptocurrency that makes its appearance to the bitcoin world.There is an a!tcoin that is threatening bitcoin, even if that coin is very young or that coin is just starting I think it can be really a big problem to the bitcoin.Aside from the ethereum's rapid growth the altcoin helps too many people also,so that is some proof that it can replace bitcoin.But from now it's bitcoin that is the general coin that is used,so no one can ever predict.
Of course this can be possible as we know about altcoin is that altcoin is becoming popular in the market and people started investing in altcoin instead of bitcoin because altcoin show to the people a new project and we know people love the change and I am sacred about bitcoin now because if that happened continuously then price of bitcoin will goes down very quickly. Well I believe now a days here is a tough competition in world and bitcoin can also face any other crypto currency but when china banned bitcoin and the way it fight against china so I think bitcoin knows how to fight against any fork in his way so I think bitcoin is very difficult to replace by any other crypto currency because bitcoin has now a strong hold in market. |
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Bitcoin’s very volatile prices have reignited the debate about its usefulness as a currency or as an asset. In some ways, Bitcoin suits the definition of currency quite adequately but if the volatility is less. It allows for the creation of secure and transparent transactions. Thus, can be used as a secondary currency in future. Some of the experts have huge concerns over its volatility. But, sooner or later the prices may remain less volatile as of today. I have mentioned few points about Bitcoin as a currency or as an asset in my article here: https://atozforex.com/news/is-bitcoin-a-currency-or-asset/What's your opinion about BTC as a currency or an asset? Suggestions and comments appreciated   It's an asset that you can convert to your own currency. Having a coin on your wallet don't cost anything until you converted it so it means it is an asset for now. Not much businesses accepts it in exchange of a product for now. Well it’s a currency but its also an asset because bitcoin price is high than any other currency actually how I am using bitcoin as an asset I will tell you I always buy bitcoins when the price is low and when the price go high then sell it out and as a result it give me a good amount of money so I think bitcoin is also an asset and it’s a currency as well. |
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Impossible to know but I personally will be holding for the long term. Been here since 2012, no intention of leaving any time soon.
Yeah you're right no one can really tell how long bitcoin can survive this world where the only permanent thing is change. We all expect it to be big in the coming future because that is what we want to believe in. As long as we believe in the capacity of bitcoin I think it can last more than we can ever think of. Well I think there is a chance of bitcoin to survive for a long time because bitcoin has now a strong place in market and some develop countries have already accepted bitcoin and still other countries are going to accept bitcoin because bitcoin is going to help the economy of countries and also its going to help the people so it’s easy to say that bitcoin will survive for ever. |
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I think a number of things. - The fact that nobody can control it.
- The instability of the price.
- The inability to charge crazy bank like fees for using it.
- The fact that it is almost anonymous.
- It wasn't created by 'them'.
- Still a new technology, unproven.
- Has received a lot of negativity, bad press & illegal happenings.
These are just a few that come to mind right now. Additionally, not everybody has the access to bitcoin, some countries are banning as well. Also, people must have skills and should be alert when it comes to online scamming etc. Also one must have access to the internet. As well as it's worth is not stabilized. Well in my opinion I think there are two disadvantages of bitcoin first thing is it need internet and second thing is it has no physical shape which is I think a big disadvantage of it because there are a lot of people who are demanding for his physical shape and there are a lot of people who want to join bitcoin but they don’t have internet. |
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I'm trying to understand why are so many people against bitcoin? is it the innovation that scares them? the feeling of staying behind? the fact that that money will go to the wrong hands?
Where did you get such observation? There are only a few people who are against bitcoin. And these people are either somehow ignorant about bitcoin or they are just simply sowing fears among bitcoin believers in order for them let go of their bitcoins. These people want the price of bitcoin to go down so that they could buy them at a discounted price. Yes that can be a possibility but I think in past there were some crypto which deceived the people so may be people scared and may be hey are thinking that bitcoin can also do the same thing and which is not right to understand bitcoin you must learn about it properly that what is bitcoin and how it give advantage to the people and I am sure when the people come to know about it they will like it. |
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sorry friend ,, i want to ask often i hear the word pump and dump in bitcoin ,, maybe some one would explain to me ,, what is the meaning of both? and what is the relationship with bitcoin? does it have an effect on bitcoin?
This is jargon for trading. Pump: To make the price go up with news, usually irrelevant news, that are sensationalist and not really of substance, but are spread just to trigger people into buying, even if they are fake. Example: The fake "Amazon is accepting BTC in X days" news is a fake pump. Dump: To sell after the pump. That's basically it. A "pump and dump" coin is basically a shitcoin whose only purpose is to get pumped, then dumped. You can make money out of these, but most likely you will end up bagholding. Additional term: bagholding: To hold a coin that keeps stagnating in price. Pump and dump words are using for high and low and its related with bitcoin price some time the price of bitcoin become low and some time the price of bitcoin become high which is a part of trade and its normal bitcoin is facing these kind of things always which is a normal but the good quality of bitcoin is that it change his price in a week. |
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I like bitcoin due to the fact it provides us effortless cash with no any manager and i got concept for creating personal company when i began to make investments in on the internet investments site which accept only bitcoin and no other payments.
Well there are a lot of things that I like in bitcoin such as its high price and now it’s available everywhere around the world and you can also buy online things and it teach you as well about trade, mining, business bitcoin is now acceptable to many of develop countries and some other countries are also going to accept it. |
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I save Bitcoin for future purposes, because I know in the future, I will earn more from it. But I admit that using Bitcoin, posting some topics , I felt fun with it. It vanishes boredom moment. I learned little by little who Bitcoin will give us better future Keep on what you are doing and i promised that you can become rich by working hard in bitcoin and saving it for the future because the price of bitcoin is slowly going up and the best thing that you can ever do is to believe in bitcoin and keep holding until the price reaches to your expectations and in that time you can sell some so you can enjoy your profits even for a while. Yes I also keep bitcoin for future purpose because bitcoin is the only hope for me and I don’t want to lose this opportunity because bitcoin is the only currency which price is high and I am going to keep save all my bitcoins since I join bitcoin and now I am waiting for the right time when the price go high then I will sell and will start my own business. |
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Are you a bitcoin fan? Do you spend a lot of time on bitcoin? Reading news, trading, or even writing your own analysis. But how did you first hear about bitcoin? Is it some articles you read about? Or just from a friend who has traded bitcoin for a long time? Share your experience with us.  I've learned bitcoin through a friend, he introduced to me bitcoin as something that can make me rich somehow. At first, I don't wanna believe him but as I think it through, I came up to the realization that I won't know if I won't try. So I tried it and it has given me good results leading me to crave for more. Thanks to my friend, he just made me financially able by telling me about bitcoin. I also heard about bitcoin from one of my friend he told me that he is using a bitcoin and which is a digital currency so it was very hard for me believe then I ask him to teach me and when he teach me about bitcoin since from that day still now I am using a bitcoin and it really change my life now I have all those things which was a dream for me. |
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Bitcoin is the currency. But if you invest your money and turn it into bitcoin, now this is gambling. because you put a bet and expect to win or lose, and sell when the price is high and buy when the price is low. so the gambling is the process of getting it, not the bitcoin. Some people called its gambling because they actually gamble their money and not really sure for what happen after they invest their money. And we all know that the price is not permanent so we are not sure if what happen to the price tomorrow, it can be rise of down. Well I don’t know why people think it’s a gambling because it’s a digital currency and people are using it for their daily expanse or paying bills bitcoin also going to teach us about trade, mining, business so it’s out of question that bitcoin is a gambling and the reason is bitcoin is going to help people financially and gambling and give a loss of money. |
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Of course Bitcoin is money. Money is just a ledger that keeps track of debt. Since that's the case Bitcoin is the best form of money we have ever seen thanks partly to the immutable public ledger, the blockchain.
Yes indeed bitcoin is a money because you can buy anything without money and through bitcoin you can buy things for your daily expanse or you can pay bills so it’s must be clear to everyone about bitcoin that bitcoin is a digital currency and it’s going to change a life of people and bitcoin price is also high then other currency which is a good quality of this currency. |
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There's one thing about bitcoin being the advantage of bitcoin rather than cash that can never be countered, that bitcoin can not be faked, so every transaction we do with bitcoin, bitcoin will always be original. Unlike Cash, banknotes which could be faked and had a lot of counterfeit money in circulation.
Yes I agree with you in other cash currencies there can be a fake but bitcoin is a digital currency and there is no chance of fake and bitcoin is also easy to carry but I think the most important thing is bitcoin price is high than any other currency son bitcoin is above in everything from other currency here you can do daily trade also as well as you can learn a lot of things. |
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At first we need to show them our proof that bitcoin can really become a real money. Ex. Digital wallet in by this we can assure them the potential income they can earn and also by searching through social media and watching YouTube as well.
Well I think it’s not about that people don’t like it it’s a digital currency and I think everyone like money but the problem is still there are a lot of people who still don’t know what is bitcoin I think first we need to teach them that what is bitcoin and how it work and how it change a life of someone so once if they come to know in detail so they will start like it. |
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Okay, I am just making that headline short and sweet. What I mean is: What is one big dream that you want to realized out of your Bitcoin income? No matter how small or big it is, please share it with us here.
As for me, I have a big dream of having my own 10-hectare farm somewhere here in my locality and I want to stuff that area with all the fruits I can find here and with my main products which are cacao and coffee.
I guess I have this special connection with the soil and the land that is giving us the food and sustenance daily. And who knows maybe years from now I can be able to issue tokens out of that farm...something like AgriTokens or AgriCoins.
Please share your dreams!
When i have a lot of bitcoin my dream is just simple. I will invest a house and lot for my mom because i wanted her to have a comfortable house car as well. For myself I will buy as well a big house, i will put up business for continuous profit, invest in bitcoin for a long term investment, travel the world and save for the future of my family. Well I think everyone have a dream and same I have dream with bitcoin and I want to buy a house and I am sure that bitcoin is the only hope for me because since I join bitcoin from that day till now I am going to keep save all my bitcoin and I am just waiting for the right time when the price go high the I will sell and will buy my own house. |
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this is a wonderful news to hear. here in our country we are also making steps in order for bitcoin and other cryptocurrencies to be used in our daily lives. initiatives must really be taken NOW in order to further promote cryptocurrency. we must always remember that the more people will use bitcoin then we will have a higher chance that the price will further increase therefore benefiting everyone. each and everyone of us right now must do something for further promotion of cryptocurrency even just in our locality..  Yes indeed it’s a very good news that bitcoin is going to use a tuition fees and also some countries are giving to their staff as salary bonus and slowly it will start in all government sector bitcoin is actually accepted by some develop countries officially and I am sure rest of countries will also accept bitcoin officially as some countries have an already credit cards of bitcoins. |
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No it not gonna make up in the end because bitcoin is a future and a lots of improve by a year.
I agree with you there will be no end of bitcoin because the price high and the users are going to increase day by day and some develop country accept it in their country and bitcoin has now a credit card as well so bitcoin is now stable and powerful currency around the word and provide a good services to the people and people are going to support it. |
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