Casheless society would be great, because transactions would be easier and faster. But i think it would be very difficult to establish. We've been using fiat for thousands of years, and is widely accepted form of payment by the government. It would be a very long process to convert everything into a cashless society. IT CAN BE POSSIBLE, but it will definitely take a very long time for it to happen.
Internet is also necessary for a cashless society. Without it, there will be no transactions. Other thab that, some areas in different part of the world do not have internet, or some people (especially the low earners) do not have mobile phones or gadgets to download app so cryptocurrency's transaction would be feasible.
Many people think that a cash less society will be great but I disagree, there will be a way to track every single transaction that you make something not possible now if you use cash, even if I like bitcoin I will not like a society that only accepted bitcoin since that will mean that everything you do in the blockchain will be visible for everyone to see. |
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On my own point of view I dont have any strategy in investing in bitcoin but what I am actually doing is that I just keep on earning in joining signature campaign and will just save it in my wallet and hold it until the value get huge before I will sell it so that I can be able to earn big and get rich.
Do yourself a favor and develop a strategy it does not have to be very good or the best but to have some goal in mind is way better than to roam aimlessly when it comes to what you can do with your bitcoin, then when you improve your knowledge and you get more experience you will be able to develop a better strategy, at the beginning is hard but eventually you are going to figure out what it is needed to reach your goals. |
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I want to save but at the same time spend also some parts of my bitcoin if ever I am able to have my bitcoin wallet soon.
Spending our bitcoin is very tempting but we must not spend it just to spend it, if you are going to do it then spend your money in something that is absolutely necessary or something that will allow you to earn more bitcoin in the long run, I know that maintaining that kind of discipline can be hard especially since we need to do that for years but we must do it if we plan to become rich with bitcoin in the future. |
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Well I am looking forward from the perspective on the number 2 in the list and if that will gonna happen there will be a massive increase again for Bitcoin. As you per mention on Mark Zuckerberg looking into cryptocurrency I think he might be supporting hes own crypto coin and I think it will relate on his Facebook invention, Facebook coin/token maybe.
I am irritated by some government endorsing their own centralized coins when in fact maybe that would only create some distrust by some investors. I have no grudge for a centralized one but if for all decentralized would be good to invest for.
A centralized coin made by a government is a fraud, they are never going to create something like bitcoin, and even if they did there is no guarantee they are not going to change the rules eventually very similar to what happened to the gold standard, so there is going to be a lot of people that are going to be deceived by that but not us since we support decentralized coins. |
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I guess retailers will accept bitcoin when they see others start to accept it. People just cope up to what they see on their surroundings so i think a big retailer needs to accept it and see it's advantages by then others will follow.
I think that what we are seeing is the opposite, the first people that began accepting bitcoin were not owners of big companies but people with small businesses as bitcoin becomes more popular the bigger business will not be able to afford to not accept bitcoin or they are going to lose customers to those business that accept bitcoin, at that point we will reach critical mass and bitcoin will spread like wildfire. |
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I think its popularity would somehow decrease because traders would really switch to another crypto which has more volatile price because they only make money on that movements of each coin thats why they should definitely switch to another coin but in other story it would be popular to some merchants.
You can make a lot of money with both of them but investing in altcoins or bitcoin is not the same, bitcoin is not going to give you 10x in a month anymore but at the same time bitcoin has been around for a long time so you know your money is relatively invested in a solid project, investing in an altcoin gives more profits but if you invest in an altcoin with a low market cap you could lose all your money in just a few hours or days. |
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Surely they will invest in BTC before us. They are billionaires and they can see that things are potential and can grow
I'm doubtful of that after all billionaires do not become like that by investing when the price of something is already this expensive, they will probably think that it is not worth for them to adopt bitcoin, so I think only those billionaires that think that bitcoin could be worth 100k or more will be the ones that will adopt bitcoin in any significant way. |
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It is free to dream big anyway. But to make your dreams become a reality, you have to exert effort, time and money coupled with strong determination to really achieve that dream of yours. In my opinion, it is possible to get rich with bitcoins if you really understand how the system work. Prices of bitcoin is really volatile, you can take advantage of the volatility thru buying at low and selling at high, ..That is just one of the numerous ways on how to get profit in bitcoin.
You also need to be smart and being able to take calculated risks, many think that it is easy to make money and they can just buy some coins and become rich, those that have truly become successful are the ones that are always looking for more efficient ways to make money, they are practically glued to their computers reading whitepapers and similar stuff in order to determine which one is going to be a successful ico. |
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I am not against having an optimistic approach, however, I still feel that we should have a rational approach while looking at it. Bitcoin is just another form of money and it provides some better benefits as compared to that of traditional infrastructure of Fiat currency. It will provide more opportunities to each and everyone around the world in an equal sense and that will bring the change. Bitcoin or any other blockchain-based currency is not a magic stick to change the situation.
While the technology is great the greatest difference comes from the fact that bitcoin is not a currency that can be inflated away the same way that governments do with fiat, bitcoin does not belong to any country this makes bitcoin very attractive to a certain segment of the population like us and as the economy begins to fail then more people will realize this as well, but at that point governments may make it illegal to hold bitcoin for fear of their economies to fail at an even faster rate. |
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I am not sure if everyone has noticed about the high transaction charge I mean network fee to use bitcoin I think this will create negative impact as noone will be willing to pay such a huge transaction charge and if things go this way then I dont think bitcoin will ever be used as a mode of payment and also traction itself takes too long which is not the case with Litecoin or Ripple.This is the first time I am feeling skeptical about the future of bitcoin whether bitcoin will be used with such high charge or people will just switch to better altcoins
We all have noticed that, this is nothing new and in fact it seems the problem is getting worse by the day, however there is not a reason to panic yet, there are solutions already being implemented to solve those issues and when that happens people will be able to use bitcoin for its intended purpose which is to be a currency, I know that is taking too long but we need to be patient. |
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Seems we're a full member and Hero member short so applications would be appreciated.
I'll try to check them by next wednesday. Thanks!
Hi Box just a little something, in the spreadsheet at the 58 week it seems there is a slight error, my final post count is in the 'posts made' column, it is probably not very important but I wanted to point that out so there is not a mistake in the calculation of the posts in the next week. Regards. |
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So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
national currency for one country  bitcoin is Global currency every one have internet access can download wallet and start using bitcoin. it is impossible for all countries to make 1 currency It is impossible but some politicians all over the world are trying to do that, just look at the euro the currency for a full continent that is bound to fail, a closer political union made sense since the two world wars were devastating to the continent but then they tried to force economic union and as we have seen it is not going to work and this is going to dissolve the political union as well. |
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Good day as I am new to the crypto world What is really the way to make $ in in crypto ? such as Bitcoin or other coins?
I understand as i have some invested. in my wallets the values go up and down, so you can cash out or sell when value up?
do you just buy and sell currency as the markets move up and down? or what other ways to make $ with crypto?
do you transfer bitcoin over to other websites etc?
or what should i be focusing on? thanks
just like to know what all the experts do?
As far as I am concerned, the best way to earn money with crypto is to buy a wide variety of coins and hold them for a long time, in a few months you will understand why. Buying and Selling, basically doing daytrading is way too risky. Not only day trading is simply too risky most of the time is not worth all the trouble you go through only a minority of traders make any money out of it and even less people make a significant amount of money, you could have dedicated your time to do something else instead and you will get better benefits out of it, so invest in some good coins that you find are promising and hold for a long time. |
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I ran across this video a while ago on what can happen to you if you don't pay your taxes. At some point during your Bitcoin career, the cryptocoin will be converted to fiat and that's how they will catch you. https://www.youtube.com/watch?v=hf2fNEUPjQwYou should pay your taxes, no one likes to do it but if you have to do it then just do it, it is better than the alternative which is to spend time in prison, no amount of bitcoin is worth spending a single day in a prison in my country, what you see in movies or in documentaries is an understatement of the life in prison, but at the end it is your decision to make. |
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It was mid august, my father kept hearing the news on bitcoin and cryptocurrency. He thought it would be a great idea to invest himself.
So what he did is just mindblowing.
Without knowing anything about cryptocurrency he bought himself 500 euro's of mooncoin. Why? Because its the cheapest coin out there he said.
Without looking to the dev team, without knowing anything, he just invested. He probably thought all coins have the same supply.
Anyway, fast forward, mooincoin went straight to the moon after he bought it and he made a serious good profit on it.
This shows anyone can become rich with beeing crazy and lucky.
He's now selling his mooncoins, I gave him advise to buy these coins:
- BAT
- OMG
- LTC
- ETH
- PRL
- ELIXER
Anyone knows some more good coins?
Nice story if true, but that kind of behavior will get people bankrupted, cryptocurrenices are investments and in many cases are very risky investments and in many cases they are scams, investing not knowing anything about crypto and making money has worst odds than betting everything to the zero at the roulette, even if the outcome was positive you should not have allowed your father to do that. |
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China’s central bank told a top-level government internet finance group that the monetary authority can tell local governments to regulate the power usage of bitcoin miners to gradually reduce the scale of their production, a source said. Rather good news. "Gradually" is the key word, they don't intend to force miners to shut down immediately, just to cap their power usage over time. That would be a shift in mining power, China will be gradually losing its % of hashpower, which is probably a good thing. I completely don't understand the decision of Chinese government, by having majority of BTC hashpower on their territory - they have some sort of control over BTC (they could take over and attack BTC if it ever become a threat to them). Are they really that concerned that power consumption can get out of hand and cause shortage? China and their massive amount of coal and hydro power do not get worried about that at all, we must understand that this decision comes from many perspectives, not only they do not want something like bitcoin since they cannot control it, the Chinese have a long history of trying to control what their population does, it does not matter if there we emperors or communists in power, this is a reflection of that. |
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MED Medibloc Blockchain based Healthcare Information
Medibloc is similar to Patientory in some aspects only they should have an easier development process since the majority of healthcare in Asia is a lot more streamlined then American & European systems.
Doesn't have much exposure on western exchanges yet so it still under the radar. Only been publically available for a short time as well so there is should be a lot of exponential upside left here.
The health industry is big in any country, after all we all care about our health and we need to get some services related to it, however every culture has their own ways of dealing with that, I remember that patientory gave good profits to some people at the beginning but from that point on nothing has happened with that coin and I think we can expect the same with this project. |
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I think this is a sad thing. The current economic gap between countries is very high, in developed countries ordinary people spend $ 1000 per day while in developing countries people spend no more than $ 10 per day.
This is an exaggeration even in first world countries, people cannot spend 1000 dollars a day, only a few people like doctors and businessman can earn that amount of money, every one else is earning way less than that and there are many people surviving with that amount of money for a full month so before thinking that everyone in the first world is rich stop and think because that is not the case. |
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Digital assets and crypto-currencies are still new products in the world of finance. Therefore, it is not surprising that the interpretation of these concepts raises certain difficulties. Many people confuse these concepts and call the crypto currency a digital asset, but these products differ from each other, and above all, the management method. There are certain differences between the two types of financial instruments.
It is going to take some time before people adapt to bitcoin, bitcoin is not a traditional currency and that is why people have doubts if it is going to work at all as a currency, but after some of the biggest issues of bitcoin gets resolved I do not see why bitcoin cannot be a currency, and when that happens people will accept bitcoin the same way they have accepted previous inventions like computers and cars. |
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It all depends on the situation, maybe there is a time that you have no choice but to spend bitcoin in some important matters or transactions but if wont happen I would like to hold my bitcoin til how much will it reach in the future. Bitcoin is a good investment that the more you hold the more it would be more expensive.
If you have not other option but to spend your bitcoin, then do it, just make sure that the reason of why you are spending your bitcoin is a legit one and not frivolous spending, some people have problems distinguishing between the two, since the think a new smart phone is a basic necessity but you must not make that mistake, that smartphone in a few years will be obsolete while your bitcoin will be incredibly valuable. |
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