I have been making an analysis about how people is getting real rich thanks to the increse of BTC and it is amazing to think that people are getting real rich, lets hope and this will continue so the people that holds very little BTC also gets rich.
This is the analisis I made:
On February 1st 2015 you will need 4,219 BTC to have 1 million USD, now that is worth: 10,125,600 usd
On Febraury 1st 2016 you will need 2,681 BTC to have 1 million USD, now that is worth: 6,434,400 usd
On February 1st 2017 you will need 992 BTC to have 1 million USD, now that is worth: 2,380,800 usd
Today you need 404 BTC to have 1 million USD ( the person who has now 404 BTC it is millionaire, and in Feb 2015 just had with the same 404 BTC 95,757 USD
That is amazing.
I wonder what are the new rich people doing right know? have they realised that they are rich yet.
Absolutely. Bitcoin cryptocurrency became a creator and provider of new rich people. But it does not imply that by just simply getting into bitcoin you can be rich instantly. Being rich will be still dependable on how you behave in using bitcoin to reach your dream and goal and that was to get rich. Maybe now they do not still consider or recognize their selves as rich individuals because they want to strive harder to fully state that they are the one. |
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I am sure they can never be $50k per 1 bitcoin. It is unbelievable.
Definitely improbable in the short-term, but I see absolutely no reason why they absolutely could not be. We'd need prices like that to support larger volumes of commerce. You are right. In bitcoin cryptocurrency which is widely known and popular worldwide, I bet there is no reason that bitcoin cannot reach $50k. Because if we will observe, bitcoin's price hike is very fast to be established because of the continuous improvement and innovation added by the fact that whenever bitcoin's price rises, there are lots of people getting attracted to it adding to the massive number of consumers getting into large count of demands pushing bitcoin to rise its price. Though it is not that fast to happen, it is possible. Maybe not now, tomorrow but on the future it will surely reach that amount or even more. |
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Bitcoin has become a new power in the world of money as we all know that all sides deal with it so it has to survive until it become the powerful source of life . So what it is difference between bitcoin and other cryptocurrencies? and why Bitcoin has become powerful among other currencies and cryptocurrencies ?
Firstly ,let us define bitcoin by defining cryptocurrency briefly then pass to make a contrasts between Bitcoin ,Dogecoin and litecoin .
We hear always that bitcoin is the money of the future .this expectation can be taken seriousely when we see bitcoin nowadays and how much transactions executed per day which is surprising . we can say that bitcoin is a cryptocurrency and cryptocurrency is a money which is not traditional rather it is digital or numerical which works electronically ; the most common cryptocurrencies are Bitcoin , Dogecoin and litecoin and bitcoin has something special in contrast to others and this specialty is represented by the number of transcations made per day and its volume, so bitcoin and litecoin and dogecoin differ in their volumes which will interpret to us that bitcoin has power nowadays.
In fact bitcoin is increasing exponentially in volume and numbers of transactions which will get us to the hell of thinking that bitcoin may take the lead of other cryptocurrencies if we don't say that it will take the lead of traditional currencies.because it has power which can fortify its presence in today world.
Bitcoin became more powerful as time passes by because many people get attracted to its features that is beneficial in anyone who has already been using it. Not just that. The features offered by bitcoin is the first thing to happen because we all know that bitcoin is the first cryptocurrency to be established and just followed by the alternate cryptocurrencies. The power of bitcoin came from its supporters which are mostly and usually potential investors investing into it because they can see that investing to this crypto can enable their money to grow more also the simple indivuduals wanting to gain an income online. |
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I called around some stores to see if they accept BTC, no one has even heard of it except like 0.1% of people. Wait till people actually find out this exists...
Yes it is true. Even bitcoin has been already widely use in the worldwide basis, there still instances that when you ask someone about bitcoin cryptocurrency, there are still answers that they do not know that there is an existing cryptocurrency type which is bitcoin in our era. This only shows that bitcoin is still not that widely spread, legalize and used by all the people in different countries maybe because there is no information gathered to let them know that this thing do really exists and starting to be beneficial to everyone |
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I think in the presence of bitcoin will reduce unemployment, because searching for bitcoin also requires hard work and creativity, and competitiveness in bitcoin is also high almost similar to work in the real world
What is your opinion this time?
Indeed. Bitcoin do really provide income online wherein you also exert time and effort and also patience and presence of mind working on it. But I think it is just helping those people who are unemployed to gain an income while in home but I cannot literally say that it reduces unemployment because we cannot hide the fact that they still do not have a stable job to have a source of income because it really takes time before you can earn and gain your bitcoin so you still must need a physical job to work on. |
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many of my friends did not work but a lot of money away was great when compared, to me that is still working in the factory, I was confused from where producer obtained from bitcoin?
Indeed. Bitcoin do really provide income online infact it is also generated, operated and accessed online by just a couple of clicks in your hand. Do not be confused of where does the producer obtain the money distributed in bitcoin because bitcoin is a world wide investments wherein potential investors gather and do a cycle involving in the market to make it beneficial on both parts. And if you are really curious about bitcoin, why don't you try engaging with it and experience its benefits and also to add up your income |
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I can see that people nowadays are busy searching on money and everything depends on money. People nowadays never go to church just because they would rather earn money rather than praise God. Others do not pay respect to elders because they earn money for them or richer than them. Well for you, is money above all things ?
For me money is not literally above all because there are still things that can be done without the presence of money. But in our society, yes money do really matters and become an important thing about all. Well the essence of many or let us say mostly all of us is to gain and earn an income because if you do not have money, you are like nothing. So because of bitcoin, the essence of having money is visible |
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What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
Yes. There is really a good reason why people are keep on holding into their bitcoin. That reason is yes they are waiting for something. Waiting for the time to come that the bitcoin's price will pump giving us an opportunity to gain more than what we usually have. Because by just holding into bitcoin, we can easily gain by the means of its price changes. |
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I am asking this just to see the different opinions of Bitcoin community about its long term potential
I know Bitcoin is actually strong enough and stable as well
But what do you think about it after 100 years ?
Yes ofcourse and I do have a basis or considering to be an evidence about that. As we can see in our present days of using bitcoin, along with the rise of technology and its innovation, bitcoin is getting along with it due to the reason that bitcoin can be accessed, generated and operated through modern technology. I beliebe that as time passes by. inmovation will continuously be observe a indication for the rise of bitcoin. Also even we die, there will be surely people wihich is the future generation will innovate bitcoin to attract more consumers to be a tough foundation of bitcoin. Also it will last for long because people see it as an oppotunity to earn. |
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"Japan: No Bitcoin Tax, Thousands of Stores to Accept the Cryptocurrency" article published July, 5, 2017 https://edgylabs.com/2017/07/05/japan-no-bitcoin-tax-stores-accept-cryptocurrency/"AirRegi is a widely used, tablet-based point-of-sale app in Japan. Currently, around 260,000 establishments, stores, and commercial facilities use this proprietary app to accept payments from their clients." It makes sense that a transition to accept bitcoin would be underway for more US-based stores. I think retailers will accept bitcoin as soon as the consumers will push through their demands that retailers must operate bitcoin as a term of payment. In this situation, establishments will be surely forced to generate the usage of bitcoin because its their consumers needs and wants also to get along with the innovation of currency that is widely spread and used through out the whole wide world. |
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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!
Since I have involved or got engaged with bitcoin, I have my ambition to be a rich man so that I can continue building our own house that my father started and since he have died, it remains the same house when he was alive. Nothing change. Si when I entered bitcoin, I dreamed to have a large amount of bitcoin to support our financial needs and build our house so I continuously save and hold my bitcoin for good and just spend a little bit for emergency needs. |
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So I have 2 cousins. One of them doesn't save and is a huge spender while the other is a saver and spends only once a year. So would bitcoin be a good way to teach them about saving? Since, mining bitcoin is the only way to make alot of bitcoin, I would use a alt wallet to show them what happens if you spend and don't save. What do you think?
It maybe helpful in terms of saving if they would know the benefit of holding or saving bitcoin for a long period of time because as soon as you save bitcoin, a large feedback will come because bitcoin's price is continuously rising providing more opportunities to have a large count of money. So if you tell them that saving with the use of bitcoin will help them to gain more money than the usual, they will surely realize that saving is a great thing to do. |
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I think no because poverty can now be considered as worldwide sickness which has no cure. If your basis to say that because bitcoin provides income online to help those people in need, then it is not enough to treat or end world poverty because money or currency is not enough to stop it due to the fact that money is not the only thing we need. We also need food that comes from natural resources and that money cannot provide. Bitcoin is not that powerful to think that it can end world poverty. It may just lessen its effect on people. |
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The miners mine and hold, other mine and sell.
Investors and speculators buy, hold and sell.
You can buy random items in auctions and through the forums.
What are the reasons for the bulk of the bitcoin transfers? I read an article underlying the "dark side" of the internet and TOR network, and they seem to point out that bitcoins are now nearly the exclusive currency for the online "black market" (Note, they are not saying bitcoins are exclusively used for black market transactions)
What have you used bitcoins for?
Miner
Investor
Black Market
Other - explain
Usually, I use my bitcoin to buy stuffs that are really in need but since in my country, there is still no establishments that accept bitcoin, I need to first exchange it into a fiat to buy needed things. Although I cannot use it directly to buy things, I can use bitcoin for investment purposes to add up or gain profit. |
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Why Should I Choose Bitcoin ??
It's the first question one should face while starting to deal in bitcoins and answer this will satisfies you to choose bitcoin over others. Some of the benefits that Bitcoin have over other includes :
1-Quick transactions – Bitcoin is transferred quickly over the Internet.
2-No expenses/low charges – Unlike credit cards, Bitcoin can be utilized for nothing or low costs.. This enhances revenues margins deals.
3-International installments – Bitcoin is used all over the globe; e-commerce sellers and service suppliers can easily agree to take international payments. Which uncovered new potential commercial centers for them.
4-Information is secure – As we have seen with late hacks on general retailers’ disbursement processing systems, the Internet is not generally a secure place for private information. With Bitcoin, clients don’t surrender private data.
5-Much More Easier – Bitcoin is Much more easier rather than we think.Means to say It’s Much more easier than transfering a Payment from bank account From bitcoin you can even transfer a Payment in few clicks even While listening songs.
-Hope this will help you in believing Bitcoins !
Indeed those features you have stated are the real things that will push you or persuade you to choose bitcoin because upon experiencing it based on my own experience, I have already witness and see the reality within it. Bitcoin provides income online that attracts many users, fast transaction are made easily and effectively and also upon storing or holding it, will continuously rising in price providing you opportunity to make your earning bigger. |
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Hello everybody. I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years. I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin? The only thing I see : big amount transaction But bitcoin won't be the money you use to buy your sandwich with those fees! I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee? Will segwit may lower the fees? Thank you  the main reason that keeps me on investing into bitcoin cryptocurrency is that it gives me an extra income through online usage due to the reason that it was generated and operated by modern technology so it gives it a capability and ability to be handy because you can store and hold it for a long period of time wherein you get a gain even without doing such an investment providing more opportunity to have more than what you currently have. |
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I think bitcoin can be used as the instrument for corruption. Today bitcoin stays not so known and not so many people knoe about it. But in nearly future when bitcoin will be spreaded on our daily life and more people will talk about it politicians or businessmen can start to use bitcoin for their financial operations. The main factor here is that with bitcoin you can hide your indentity and such corruption money making can have place to be very often.
As we all know bitcoin is a crpto-currency which is quite aligned to the development of technology and the developers of bitcoin develops bitcoin in a more secure and the transactions are private. So it can be a tool or bitcoin can serve as a mode of corruption by others. But it might be complicated because if you will used bitcoin in a form of transaction you may think that it is just more on an investing field and trading rather than in corruption. |
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Bitcointalk username: emezh10
Forum rank: Sr. member
Posts count: 849
WAVES address: 3PL8XL3YAUa84ASjdMmH5ZzmVU9h8ZnCvPy
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According to the website https://coin.dance/stats males make up 97% of the Bitcoin community. Why is the Bitcoin community dominated by guys? Usually men/boy/male are the ones who were really that adventurous and taking every task as a challenge by not thinking of the risk associated with it. In bitcoin, you need trust to make it possible for you to come up with an investment proper. But before you can gain the trust, you must try it first by taking its risk since you do not know it yet. That maybe the reason why males are dominant in bitcoin industry. |
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The token sale is completed, thank you very much to all participants! More information is coming from the team soon! The final tally: great , almost 50% just in 60 hours of $52,8 million thats soo fantastic i think . 20 years 30 month project good work dev, It is awesome that even the Pillar project does not yet reaching its limit of 60hr for the crowd sale it have already reach almost 50% of the target token to be sold. This is a great indication that this project is leading to its success through the help of the supporters, consumers/users and the potential investors. Looking forward for the big success to happen within this project. |
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