First its a decentralized currencie, there isnt a single person with plenty control to accept or not any transactions, its unlimited and anonymous, atleast to have an wallet isnt required documents. Low fees, high security level, besides those all bitcoin does have a huge potencial to keep growing over time, and bitcoin isnt being used by 5% of people in the world, this makes bitcoin an amazing investment/reward with short, medium and long terms investments.
The fact of being decentralized is indeed a great benefit, and one of the reasons is less bureaucracy, because as you said, a series of documents are not required to use the platform, as required in banking systems. But what attracts more users, in my opinion, is the fact that it's a relatively new technology, that can be a breeding ground for people who seize the opportunity. |
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Of course paypal is not scam, it have dumb rules but they don't scam
Well PayPal has serviced many users online and it has proven itself over the years. But their current security system that locks your fund if they detect transaction problems is not good due to their poor support system. Just this day a group in Facebook are debating that PayPal is a scam, well I am not sure of that but I have fear that possibly PayPal will just stop without us knowing since bitcoin has negative impacts on their sales. I used the service a few years ago. The service was not perfect and had some problems like the high fees, but I did not find the problems that many people find today. And if it's as serious as you said, it can be very costly for the users and for the service itself. |
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Bitcoin is a worldwide currency on the Internet, so it is difficult to be manipulated artificially.
The final decision bitcoin value is not the people, but how many legal currency and circulation.
Bitcoin is not a worldwide currency its a crypto currency , bitcoin cant be controlled or manipulate by people , even the creator of bitcoin cant control bitcoin. Yep, Bitcoin can be used from anywhere, any place, even outta space. It is not being controlled by anyone or any governments. That's why people, especially hackers love to use Bitcoin, they can hide their identity while using it. Well, anonymity is not the strongest side of Bitcoin, that's why there are mixers. But perhaps anonymity is not the main purpose of it. The important thing is that Bitcoin continues to be a way to send money through the internet with ease, and at low cost. In addition, the use of Blockchain technology allows an efficient transparency mechanism. |
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I always add almost 50% of my winnings to my income and then keep investing with the other half( through gambling). I'm well disciplined and lose at a constant rate and win at a constant rate. My winnings outweigh my loses though.
Well, it is very important to save good part of the earnings, and saving half of it is probably something wise to do, but I think that if you earn a lot more than usual from gambling, it is probably better to avoid risking too much. It's probably better to save a higher amount and reinvest a smaller percentage of your earnings. |
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I think the accepting of botcoins by the stores, i think they are still limited. Theres this store that i know of and my friend has bitcoin though she said that they are not accepting bitcoin, we must first change it to real money.
This is a problem to be solved, but it is something that happens over time. When this happens, there will be a large number of users, but first there are problems that must be solved regarding the network, because Bitcoin needs to scale more efficiently. |
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Stick to BTC and LTC for this decade until blockchain evolves from infancy. Everything else is flashy P&D smoke and mirror scam.
I think Litecoin, as you said, is a good coin, because it was fairly distributed in its early stages. The problem is that there is not much demand in the market, and as we know, price is a result of supply and demand, in addition trading volume is relatively low, such factors make Litecoin attract few traders and investors. |
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A few months ago, I think it would be interesting to invest in altcoins, but at the moment my opinion has changed in that regard. But perhaps what really changed was the market conditions. There are usually few currencies that are able to remain strong on the market at times when Bitcoin shows uptrend signs, and that is one of those moments.
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Because having a bitcoin is much better than having a cash. Bitcoin has a great value. And there are many different ways to earn it. With bitcoin transactions are made more easier. You don't have to go to banks to deposit and withdraw money. Bitcoin also has no tax than cash.
The reason why i have bitcoins instead of cash is also because i can earn them while i cannot earn cash as i don't have any jobs in real world, i just earn bitcoins and i'm using them in my daily life by converting them to cash later on, cash is needed because bitcoin is not usable everywhere right now. I have to say that the possibility to make profit is one of the best things with regard to Bitcoin, but it is not the only good thing. There are many factors that can be an incentive for users to adopt Bitcoin, such as those mentioned by the OP. From my point of view, the best of this is the possibility of transferring and storing value in a decentralized manner, it's something new and very important for the economy and, of course, for the users. |
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At the moment, I would probably choose to invest in Bitcoin, because from my point of view the market presents several favorable conditions for this, and many experts confirm that this may be a good decision in the current moment. Next I would consider other options like Bitcoin trading and the forex market.
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Well, the reports regarding the genesis mining service are not the best, nor are they the worst. I think the site is no scam, since they apparently comply with the contracts, the problem is that many of these contracts have details that make mining very difficult for most users, such as high maintenance fees.
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Well most gambling games are dependent on luck rather than skill. But there are a few games that are more skill based like poker, but even for those eventually they depend on luck.
So if you want a skill based game you should play poker cause that is according to me the best for you.
Yeah, I've seen many reports on the internet of people who have managed to earn big sums of money from it, but many of them did not have much experience with gambling, some of them had played only a few times. But it is a fact that a good strategy always helps to reduce the risks, and I think that every person who does this as a profession has good strategies for it. |
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I don't believe in centralized institutions, and centralized institutions are those who control fiat currencies. People do not understand that governments can print money at the rate they think it's necessary, this makes many people see their own money lose value over time.
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I think the OP had a good surprise to see the price of bitcoin increase much more than predicted by him when this post was written last year. I think Bitcoin is in a very favorable position in the market, it is possible to notice certain stability in the range above the seventy dollars, and it seems that the uptrend is still strong.
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Bitcoin is like cash you know, it can be use in bad or good, because we, the users are the one who is going to decide where to use it, bitcoin doesn't have a choice, obviously, because it can't speak to argue with it's user if he is going to be use in bad things. It is not new in this world that currencies or cryptocurrencies is using in bad things or illegal things like buying guns, drugs and other illegal stuffs online in the dark markets in the deep web.
That's what some people need to understand, Bitcoin is money. The currency was created with a design that allows the user to have freedom of choice, the use of this will depend on the user's awareness. And, obviously, the vast majority of people will not waste money doing stupid things, but like in any economy, there are always people who act in a stupid way. |
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If you were in desperate need for money / Bitcoins, what would you do? How to get it, earn it, whatw are your solutions and experiences? I wonder what people are ready to do when money is the problem.
No one will give money for free in this globe even with bitcoin also, there many ways to make bitcoin but it will take lot of time and you need to work a lot for that. There many other option like signature, mining, faucets, twitter campaigns, free give away. You need to work a lot to make money and more over it is very time consuming also. In fact, people will not give away money for free, because those same people had to work hard to get what they got. If they did it either in the cryptocurrency market or any other business, it means that it is possible to make profit in this field. It is required, of course, that the user puts some effort in it. |
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Well, I feel that, at this time bitcoin still do not have the ability to make the bank disappeared. I feel, at this time the bank is something greater than the bitcoin. besides, there are many advantages of the bank in terms of transactions, storage, and others.
By the fact that it is already a business that has been here for many decades, the banking system has several advantages over Bitcoin with respect to places to use it. However, with regard to technology, Bitcoin is far ahead of banks, the problem is that the number of people who are aware of this is still limited, but history has shown that the best technologies are adopted by people over time. |
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First of all, a steady 2btc a week is impossible without 10k+ amount. You can apply for online jobs such as writing, creating ads, mining, designing websites, logos etc. You can invest your sum or you can lend your amount for steady income but both involves risks. Therefore, try to aim for 0.2btc per week. The only downside is you have to spend a lot of time.
Yeah, to get such an amount of money, this requires quite a lot of money as an initial investment. But the most important thing is to invest in the right thing, that is, before investing is necessary an ample research of the possibilities available in the market, to then choose the one with lower risks and good potential for profits. |
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A few months ago I believed it would take a long time for Bitcoin to achieve some stability, but now I realize that this may happen earlier than expected. It is important to note that Bitcoin can become more stable, and at the same time continue to increase in value. The important thing is that large pumps and dumps do not happen very often.
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If the whole word uses one currency than all country will be equal and there will be no poor countries , the thing is economy is controlled by the big guys who owns the international currency which is the usd and in this case the united states , if we say we all use international currency like bitcoin than the smaller and poorer countries won't have to pay a lot when it comes to taxes.
Countries would probably converge to a more similar standard of living, it could be something positive or negative. At the beginning of this there could be problems related to conflicts of interest between nations, in addition, if they continued with the fiat currency system, this would cause more centralization, therefore more problems. |
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China does have a big influence at the news coins being mined, since the most miners are located at there, but early adopters does have a lot of bitcoins, like Nakamoto, those are the ones that can control in part bitcoin, since its decentralized.
yes china might have a big influence to bitcoin and they have the most bitcoin miners but that actually doesn't that they are controlling the bitcoin as what you have said it is decentralized no one ever has a control of it even those early adopters or maybe even Nakamoto the creator of this wonderful creation I don't know  . That's true. They have a large number of miners and users, but this does not mean that the system is under government control and Bitcoin is not centralized because there is a lot of hash power in China, the truth is this only demonstrates that Bitcoin has a great user base and support in that country, and it is seen as a useful cryptocurrency by the people who live there. |
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