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1901  Bitcoin / Bitcoin Discussion / Re: BitCoin 20 Years From Now on: December 17, 2016, 04:47:47 PM
20 years from now bitcoin will become the best method that everyone uses to buy from the internet , because of how it is simple and easy to use and how our society is relaying on the internet more and more and how it uses internet for every thing bitcoin proves to be a quick payment method , not only this bitcoin's price might drop , maybe new technology will allow us to mine bitcoin much faster and easier .
1902  Bitcoin / Bitcoin Discussion / Re: Bitcoin Will Kill The Income Tax on: December 17, 2016, 03:42:13 PM
For many people who uses the bitcoin know that it is freelancers' friendly and the best way to get paid , not only because it has an added value that changes every day but also it is tax free , the only time you pay fees on bitcoin is when exchanging them to real money using credit card and those taxes go to the bank in the country you withdraw the money from , but if there was taxes on bitcoin in the internet where those taxes go?, the bitcoin is something that is not owned by any specific company or country so to whom those taxes go .
1903  Bitcoin / Bitcoin Discussion / Re: What will happen if Tech Giants get into Bitcoin or Altcoin Mining? on: December 17, 2016, 03:31:07 PM
Right now bitcoin is only being mined by small companies that can't afford a huge tech to increase their mining speed so the more the bitcoin gets harder to mine the more power it is gonna need and the more price it is gonna cost , however in china there are dedicated servers and companies that are specifically made for mining bitcoin and that explains why it has the largest portion of hash power, so if by any mean the big world companies like Google or Amazon or any other large company get into the world of bitcoin mining they will dominate the market and the bitcoin will became much easier to get.
1904  Bitcoin / Bitcoin Discussion / Re: How to determine the price of a product in bitcoin on: December 16, 2016, 07:25:05 PM
For many online shops that sell their products for real money and accept bitcoin as a mean of payment usually ask you to pay the product's price in us or euro in bitcoin, but the ones that are made specifically so that you must pay in bitcoin use this method just to make a huge profit out of it . and they set their own price for the product.
1905  Bitcoin / Bitcoin Discussion / Re: Government digital currency! on: December 16, 2016, 06:40:49 PM
Most people in Europe and especially eastern Europe always think about their future and always pan ahead to avoid problems especially when it comes to economies, and especially after the hacks that hit the bank in Greece that opened a lot of windows and made them think of a serious solution , and the best alternative was bitcoin.   
1906  Bitcoin / Bitcoin Discussion / Re: Is there new people coming to Bitcoin? on: December 16, 2016, 06:20:48 PM
It is no without doubt that the number of people using bitcoin has increased in the past few years and are still increasing and that is mainly due to the high price and growth speed that bitcoin is famous about but not all of the stick around to try and earn some like most of the people on this forum, i personally have known about bitcoin since its release and i tried to earn some in the past but unlucky for me i didn't know how or where to do so until my friend told me about this forum which made things way to easier for me .
1907  Economy / Economics / Re: The future of the paper money on: December 11, 2016, 06:40:11 PM
If you think about it bitcoin only exists because internet exists so as long as internet is here so is the bitcoin, but if the internet goes down people will go back to the old ways and that is paper money because we don't live alone we always need that human interaction even if everything is done online nowadays.
1908  Economy / Economics / Re: Bitcoin and paying Tax on: December 11, 2016, 06:08:50 PM
I don't think that anyone could make a tax on bitcoin , the bitcoin is not owned by any government and it is something that they can not control exactly like the internet , so if there were any taxes to whom they are gonna go too , this is the reason that every investor think about investing in bitcoin , they are wearied about whether they have to pay tax or not will there be a law on bitcoin.
1909  Economy / Economics / Re: What will happen if we use a one currency only? on: December 11, 2016, 05:58:19 PM
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.
1910  Economy / Economics / Re: Big Crash coming on: December 11, 2016, 05:50:02 PM
We have seen bitcoin's price go up to 700$ this year and it is no surprise that by the end of it we might see it go over the 800$ mark, but  i don't think we ill witness a change in the market like people start using it and governments making it as an official currency , but next year we might see some big changes since the bitcoin might rise over to the 1000$ market.
1911  Economy / Economics / Re: How much money do you have left from your job? on: December 11, 2016, 05:36:48 PM
I work as a part time job in a restaurant since i am still a student and the money they gave always hardly gets me through the month so i always look for extra income and bitcoin is one of them , i started doing some freelancing by posting blogs and article, even though it is not that much but every penny is worth.
1912  Economy / Economics / Re: Why Bitcoin has power nowadays ? on: December 11, 2016, 05:05:54 PM
Bitcoin is powerful currency nowadays because bitcoin is available in everywhere for online shopping and online bill payment system and bitcoin is very useful and profitable currency and bitcoin bitcoin increasing its price quickly and maximum people using bitcoin as investment.
Bitcoin is powerful because people made it so , since it's appearance in 2008 people have been using bitcoin and mining it which made its price go up , by the time bitcoin reached a high price it became so hard to get hard to mine and expensive to buy so people found that mining other coins like doge and ltc will be more profitable that spending more time on bitcoin and then exchanging but the exchange rate is still so small because the bitcoin has dominated the market for years and it will be for years to come.
1913  Economy / Economics / Re: Future of Bitcoin Economics on: December 11, 2016, 04:56:10 PM
Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.
Indeed that bitcoin's future is still not sure whether it is bright or dark, you see bitcoin is a double edged sword , on one side you have total security so no one knows any of your personal information so your identity is always safe , and your money is safe from potential hacks, and the other side this creates a perfect environment for hackers and drug dealers to develop their business with totally being anonymous, all of this makes people wonder whether it is safe to adopt bitcoin , what are the chances that government could ban bitcoin ?, is bitcoin even worth investing in ? is it stable ?, all these question could only answered by time.
1914  Economy / Economics / Re: Best way to manage money? on: December 11, 2016, 03:56:58 PM
Most of bitcoin users get bitcoin and then use it either for gambling or investing which are quit risky , the best way to mange your money is to now your needs and you know how to earn and spend money in a smart way , i personally used to waste money left and right on things that are considered optional until i came to realize that if i hold bitcoin and only spend some of it on the things i need the eventually i will increase my income .
1915  Economy / Economics / Re: Mining coins save or sell it? on: December 11, 2016, 03:36:53 PM
Well i think it is a great idea to mine different coins but the exchange rate on some of the coins is not worth wasting time , the best thing to do is to wait for their price to go up , as the bitcoin becomes harder to mine people will start mining other coins in order to exchange them to bitcoin which will make their price go up.
1916  Economy / Economics / Re: Paper bitcoins. Is it worth it? on: December 11, 2016, 03:28:57 PM
well i don't get the point , why do we want paper bitcoin , i mean the idea of bitcoin first was to move away from fiat so why bother we are better off with real money, bitcoin is a way to deal with money on the internet without having to physically give anything, sure if the internet will go down so as bitcoin but i don't think that is possible that we so attached to it nowadays.
1917  Economy / Economics / Re: Tell me your predictions about Bitcoin on: December 11, 2016, 02:26:25 PM
Personally think that if bitcoin keeps on rising like this and people start using it more we might see governments banning it and replacing it with another currency , because they can't control and bitcoin is not centralized and china owns the large share of it which means if bitcoin takes over china takes over and that does not work for many people, and if bitcoin falls into the wrong hands it could cause a lot of trouble like being used for drug deals and illegal actions .
1918  Economy / Economics / Re: Best way for steady income on: December 11, 2016, 02:04:36 PM
Cloud mining are just a scam and gambling is too risky so the best way to earn bitcoin is to either provide your services as a freelancer or to try in marketing, the only steady income that you can do is by working on this form by applying to a signature campaign and runking up your account so you increase your earnings, you can also try mining some altcions if you have a descent machine and exchanging them
1919  Economy / Economics / Re: Why the big whales are not cashing out? on: December 11, 2016, 01:32:35 PM
The people that hold the most amount of bitcoin don't want to cash it out  because they think that if they release all the bitcoin governments will take control of it and bitcoin will eventually disappear, some of them think that the price will keep going up and they get greedy but the price is going up because some parties want to trick people into selling and spending bitcoin so it will disappear.
1920  Economy / Economics / Re: What will be our new world currency? on: December 11, 2016, 01:08:03 PM
I think that if the bitcoin keeps on rising like this and people start using it more , governments will make a currency to compete against bitcoin, because of the nature of bitcoin and how dicentrelized it is and how china is owning a large share of it and how are unable to control it , they will never let it dominate the world , just think about and think about why they haven't made it an official currency yet.
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