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I’m pretty confident that a cashless society will strengthen bitcoin. Banks they want a cashless world so as to have the absolute control of people's wealth. That means, banks will know every financial movement people they are doing and according their willing will accept or not their customers transactions. So, many people will turn to cryptocurrencies to fulfill their needs. Therefore more and more people will use bitcoins to buy/sell goods and services
I agree with that, bitcoin is cashless and we are just seeing an increase of adopters by the time it will happen. Government want to control people, so bitcoin enthusiast will remain in bitcoin to still feel the freedom and we can attract more adopters. |
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if this rumour happened, the consumer of bitcoin will go wild to buy anything that can be afford with remain bitcoin
or sell it at very low price to lessen the loss. and all vendor of bitcoin goods will stop the transaction immediately
Selling at low price is selling for a loss, if no one will use then it's useless to buy bitcoins. I think it will not happen because of the strong support of bitcoin, it's still a great value now. |
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To measure the increase in Bitcoin users, it is best to compare Bitcoin in circulation within a year with general price over the year.
It would be best! Other comparisons may not give clear picture
The price has no relation to the number of users as one person can hold a big number of bitcoins and has the ability to manipulate it. |
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the simplest and easiest way to invest I can think is buying or earning bitcoin in the low price, and hold it for a long time. no doubt, many people make profit by doing this. but I myself invest my bitcoin into a business. I sell things and get profit. it is another way of investment, but not bad.
Yes that is the simplest way of investing in bitcoin but the thing is that we can't buy bitcoins at a very low price today as the price keeps on increasing. Maybe better to focus more on some other ways where you can good profit like trading. While you have funds for holding, still you need to allocate some of it for trading. Bitcoin is a volatile investment. No one can preddict when bitcoin in the low price. I think Dollar Cost Averaging (DCA) is really apropriate. So we buy bitcoin continously in a fixed amount and a regullar schedule. This is long term investment strategy. Also regardless of where the market will move. That is why I do not trade it. I just buy low and hold long. If you are not sure about trading your bitcoin into alt coins then that is just fine, because you don't have to risk your bitcoins that you don't want to do by investing it with trading. At first, I'm thinking the same thing with you because I thought trading is just for professional people but upon studying I manage to learn and do it alone. to me i have good experience in trading and therefore i mostly invest my bitcoin in trading alt coin. i am realy making good money from trading and i am sure satisfy from my income that come from alt coins. Well, it's just right, just focus on where you think you have the advantage to earn. You can maximize your income in trading if you do better overtime. |
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It's a good question who controls the bitcoin. I think a group of dev controls it. Because for bitcoin, there are some private keys (for checkpoint and alert) that if one has it, he will be able to propagate his own blocks into the network. I think a few people hold the private keys there.
bitcoin is not under the control of a single person or group, because they cannot hae access to all the bitcoins address and wallets that belong to a particular person. to me those people who are holding bitcoins are the real owner of bitcoin and they can control such amount of bitcoins. Yeah i think we are the only who control bitcoin since if we are not investing and buying more bitcoin the price will not increase and bitcoin is decentralized even china has a largest bitcoin farm they are just holding a large number of bitcoin but we are not centralized.. That's what makes it a wonderful place to stay, the government cannot manipulate bitcoin as it's solely based on our demand. With less demand means less support and bitcoin will not progress. |
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The train left and never turning back. There is no way the price to go so deep down. With all of these facts happened worldwide that is the devaluation of yuan in China , the demonetization in India, the hyperinflation in Venezuela and so on I would be very happy to buy if the price goes down to $700.
You might just have an opportunity over the next few weeks. Bitcoin is threatening to break below $800 now. But the problem is we keep moving our goal posts ever so often. Once it reaches $700, we will wait for it reach $600 before deciding to buy. Don't expect that low, it will just stay at $800 then will go back at $1000. If you will ask me, just buy now and enjoy later. In the end, it's just an speculation and nobody is right until we see it. |
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I do not recommend to invest your Bitcoins or a part of it in some hyip sites,where is promised to double your Bitcoins in a couple of hours or in a short period of time.You can do some trading if you have experience,but I think it is better to store your Bitcoins in your wallet,that is the best investment.You will make some good profit on your Bitcoins in the future,when Bitcoins value will be doubled,because as we can see Bitcoins price gets higher and higher year by year.
Yes totally agree, I also feel how being a victim of various HYIP programs. About 5 BTC have lost and made me very angry, I suggest for a safe investment. Currently one of the best ways is hold bitcoin because the price increases quite high. Don't hurry to sell, because this trend will continues in this year. 5 btc just wasted for an HYIP scheme? For real? Its a large money that you have wasted for a scam scheme. In never trust HYIP even when I was a newbie because I am reading my pioneers guide that It is risky to invest to a HYIP site. It's his life, I believe he can afford that. Some gamblers even bet 10 BTC just for one game, so no big deal if you can afford to lose it. Just make sure you learn from your mistakes so you won't be doing it next time. |
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Bitcoin were never made to replace anything, but to help all people which does several transactions online, it has growed too fast and into levels that i doubt Nakamoto were expecting. It became one of the best investments, from the miners, and for investors as well, bitcoin nowadays can be used for anything if not directly by third companies, debitc cards, but with this all the fiat will always stay alive doesnt matter how strong and valuable bitcoin may became.
I agree with that, bitcoin and fiat can co exist and it will make a better world to live. Fiat has been around even when I was not born in this world, so it's strong compared to bitcoin but using both can give us good benefits. |
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Volatility can be a major concern with Bitcoin. Look at the exchange rates during the past 24-hours. In BTC-e, it hit $880 after going up to $1,100. Volatility of almost 20% in a single day. With gold, the maximum volatility is in the range of 2-3%.
It is just the ups and downs because of the sales on bitcoins on the exchanges. If people will continue to use bitcoin as their normal currency and will not throw their coins to exchanges then it will not happen which happened today and you will see that within a few days it will start rising again and expert traders are actively buying bitcoins today when they saw the price at lower value. I expect that to happen, as an investor our focus should be the future of bitcoin and since the price is dropping now, maybe we take some time to buy. It's an opportunity we do not need to miss. |
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The future belongs to decentralized breakthrough technologies. Cryptocurrency Bitcoin as a whole and in particular will forever change the way that we carry out today a transaction, and thus will play a crucial role in the economy of the future.
And because of it many people will have financial freedom too as long as they are going to start working with bitcoin. Also it can be a threat to the economy for those people who are going to be affected once bitcoin is going to be accepted globally. I just hope that those people will also adopt bitcoins so that everyone will have their freedom with bitcoin. Most of us would really be glad to see that bitcoin is being adopted globally because of its benefits and you say because of freedom from tax but this advantage on us will surely give negative effects on economic state on our certain country which is really bad.I really dont know if its good or not. But as of now, seeing it on the competitive scene which is global market is going to have hard time. Once the people of the world are educated about bitcoin that it can give us financial freedom, free from tax and has cheaper transaction fees. For sure rant of users are going to adopt it in every part of the world and will glad to use it. Being free from tax will never happen, once the majority of the taxpayers will opt not to pay because they used bitcoin, our government cannot survive and they will not allow that to happen IMO. |
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Bitcoin will become a global currency.
We can use bitcoin anytime and everywhere.
Wrong... The fact that less than 1% of the total popular are the users of bitcoin, that does not qualify your statement. |
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Biggest disadvantage of Bitcoin for me is rates are still very volatile. and has no legal force.
But for online payments, bitcoin be one solution. besides perfectmoney, paypal or others.
i do not think that there is any big disadvantage of bitcoin. There is, but it's based on experience. Think that no system is perfect and you shall understand. The longer you used, there comes a time you can see some disadvantage, like the delay of transaction, it's one. |
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Bitcoin will never be replaced there's simply no expedient or sensible reason for it
yes i am also agree with you that bitcoin is not really going to be release by he holder. What are you talking about, you simply do not make a post on topic which the post you quote. We are talking of possible replacement here, not release. |
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No I do think this can happen in my opinion this is highly unlikely but we will see what is gonna happen of course because the fact is that its not to predict.
The banks are controlling the world and they have a lot of power that is why I do not think the bitcoin do it.
to me i think bitcoin is not here to make banks disappear. It's true, and even if we think of that, it will not happen as we do not have the power to do it. Bank will be superior than bitcoin because the government supports them and we are not. |
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I do know that investments may be risked but the rewards from it does worth the risk, if you wanna to save nothing against those, since some people had made those and are rich now, but the pleasure taking risk and getting the hard reward has no words, and no im not talking about gambling, im talking about investment, which make you choose some coins invest and wait, as you see the green coming you smile without be able to stop.
Yeah, because if you will not take the risk, you won't be moving anyway. We seek for a better future, and it's just right and fair to act on it. Take the risk now while we are still young. |
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I can see the discussion here but i would say that altcoin help Bitcoin a lot in terms of New users being introduced to bitcoin. I also believe that altcoin are not used only for trading or so we say useful. But instead altcoin are somehow a testing grounds for some possible update to bitcoin in terms of application with regards to masses' reaction.
If we check the forum activity we can see that the most popular board is altcoins so I understand that many people were/are introduced to cryptocurrencies through these altcoins and learn more how these work and learn the power and the potential of bitcoin. altcoin move faster than the bitcoin if on price don't be surprised if altcoin more widely discussed because potential and the amount of altcoin, especially by traders They more fast but not good for long term investment, most of them are just manipulated by big bag holders and we cannot rely that for our future. It's good for day traders or compete gamblers. |
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Blockchain was introduced a new way to do payment transaction. A new way to make us easy to make and keep money. And bitcoin is a product of blockchain that can make future going easy.
Yeah bitcoin is a future, but I think there will be an upgrade for crypto currencies in the future.
I think there is no upgrades that will even happen to crypto's maybe the people will look for something new about crypto's but bitcoin will still remain for whatever it is now. Blockchain system of bitcoin is very amazing on how it really works. I'm pretty sure that bitcoin does what has it takes to be one of the future money. to m e i think that there is o doubt about this that bitocin is our future money. Cryptocurrency is digital currency decentralized and managed by the network technology peer-to-peer or can called in another sense a form of currency Based on calculations or mathematics course. so i think don't upgrade for crypto if the math problem is solved there will be something new (crypto) There's no assurance that bitcoin will stay on top, but we have a lot of good altcoins and I believe crypto world will continue to exist in the future. For now, we have to support what is very popular and valuable and that is bitcoin. |
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You didn't answer my question but thank you for numbers that without your tin foil and speculation are completely harmless. Like I said, mining pools ≠ miners. No threat, not even with a 51% attack.
The Answer is in front of you , if you deluded yourself into missing it , that's on you and no one else. Funny how you even ignored it when I posted the Chinese Miner admitted they could 51% attack BTC and win. http://www.coindesk.com/china-miners-big-blocks/It was not entirely an idle joke when one speaker at China's first miner conference quipped that
if the audience decided to launch a 51% attack against the bitcoin network, they would probably be able to pull it off.  Even China controls 68% mining power does not mean they will do a coordinated attack. What is the point they want to attack it if they have the majority of the shares? doesn't make sense to me. It all makes sense now, his blatant trolling is to promote his own coin in his signature, haha. http://www.zeit-coin.net/And your Blatant Stupidity is trying to keep BTC above $1100 bucks, BTC is now ~$900 and still dropping, looks like you failed.  FYI: Wait to buy BTC under $300 , then Cash out at the Next Halving in 2020, when rampant speculation & manipulation drives the price high again. Anyone that buys BTC before the end of January 2017, is going to feel taken, watching the price drop for the next few years. Some are going to panic selling now but it's still not the right time to buy, just watch the price carefully. In relation to dropping that small, I don't think it will happen again, $300 is too small man. |
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