In direct and simple words its far from reality and nearly impossible. And lets assume that it really happened someday, then those who have holdings of BTC, they will get super billionaire  |
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To earn some money you need to exchange some type of service to gain profit from it, in todays age you can earn lots of money if you have many skills.
You need to understand to earn good amount of money you need to work hard for it.
It is quite tough to gather that amount so fast as the value is getting higher daily. Moreover even you use your skills by all means, you have to have a customer base who will buy your skills. If you already have it, then its not that tough nowadays though. |
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Guessing won't help in trading, either be it educated or just like that. Trading is not for only luck users, you need to study about the commodity or subject, on which you want to trade and thoroughly analyse it, or else you will just end up in losing. You have to follow the charts, study it, use your skills then place a trading order.
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If you want fastest way then, trade with friends or very close known people. Because the exchangers will wait for BTC to process, after they will provide cash. Coinbase is nice I heard, but not supported in my country yet.
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Before, I just kept the money and was not engaged in investment. But then I realized that this is not correct. Money tend to make money. So now I invest in different projects
although you can use your money to grow money savings by way of investment, but you must not forget the risks. so you'd better not be too much to use the money for investment With proper study and knowledge about you desired investment helps to reduce the risk to some extent. But unless you take risk and invest, your return might not be so good. And yeah investing all your money is not wise, moreover in same basket. |
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Gold, the price is always goes up every year, but it is more stable then if you invest for a long period of time I guess gold is the best but if you want to earn in a long period ,bitcoin is good too because the volatile price we can earn fastly and we can earn more that we can imagine so both of them is good
IMHO bitcoin is a young currency yet against all odds has proved to be a good investment with all external resistances thrown at it. The gold market does enjoy minimal gains time and time again but not as comparable to bitcoins gains and given more time it will grow in value and the world will accept bitcoin. Bitcoin will accept people, but not the government. For gold the government relates well, and to the Bitcoin wary. It is because of the popularization of Bitcoins will be restrained actually bitcoin is very new here and still it need a lot of time to become more popular and i am hopeful that when government will know about bitcoin and the interested of their people then they will understand the reality and will certainly accept bitcoin as altcoin. have you checked the prices of Bitcoin yet? It is nearly the same as gold and I believe in about 1 month later, 1 Bitcoin will be more valuable than 1 XAU. For those who have invested their money in Bitcoin, you are all rich and remember not to sell Bitcoin right now. It is obvious that there is nothing can stop Bitcoin from going up anymore. The price ot Bitcoin is high definitely, the value is very volatile and it is new. BTC is not stable or safe in many countries. It can get restricted from many countries, so though the profit will be high, if someone want to play safe, for him Gold is better choice. If one is ready to take risk, Bitcoin will turn unimaginably profitable. |
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Bitcoin usage in big cities would gradually increase when every merchant till the manufacturer accepts Bitcoin, because as the value is volatile, the end seller will fear of accepting Bitcoins.
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It is quite everywhere, but limited in my region. Physically it is presently not possible to use it, for online transaction, many accepts but many doesn't, they fear the value up and down. As these get sorted, it will be everywhere.
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The rate will come down again to normal now.. The market is stable at 1100+ for some time now and will be there for some more days in my prediction.
The rate might come down, but I believe not much right now. In very near future my assumptions is it will reach $1300-$1400 pretty soon. |
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I still try to introduce it to new peoples, as both Investment and Transaction medium. Though it is facing some issues, we cannot ignore its capability and application in the market. It has still great potential and features. The transaction might be slow even with high fees but atleast for me its hassle free.
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I don't think that it will generally die. If China is really controlling Bitcoin than the scenario that will happen is that one country is hoarding the Bitcoins and it will lead into having a lesser supply. A lesser supply will mean a greater demand which will lead to an increase in price. Also the only way that Bitcoin will die is when the demand of it will go down to 0. Which I think is not yet possible.
I think the main topic was talking about how the 51% attack In most people opinion , chinese miner has more than 50% of total current bitcoin available Which could lead into something like to manipulate everything about bitcoin especially the market It was big concern actually , but there is no reliable data could stated that more than 50% bitcoin owned by chinese, so there is nothing to worried about. Exactly, nothing to worry. Even if they owned 50%+ BTC, I don't think that could have any possibility of destroying it simply. |
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My understanding of bitcoin:bitcoin is the world's most free assets.This is the first time in the history of human use of technology to achieve the protection of private property of the sacred inviolable.You can destroy my body,bitcoin can not worth a hair,but mine is mine, and no one can take it away.
But this time bitcoin is not free assets. i can get my bitcoin without electricity and i can spend them without the network to get an interaction with an internet. What you mean you can get bitcoin without electricity? How can access with bitcoin without internet connection? Is that possible? Is that how bitcoin is free in your country? How? i do not think that thee is any mechanism to use bitcoin without any electricity and internet connection for using bitcoin internet connection is necessary and without internet connection i do nothing that one can be able to use bitcoin. Bitcoin provides total freedom, but when the delay in transactions will become fine and Bitcoin will be available to use physically or atleast at most/major stores, then it will be a complete freedom which everybody will enjoy. |
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I do not think the bitcoin can let banks disappear now.But the banks may disappear in the future not only because of btc.
Banks cannot disappear, it might be possible that physically banks may go obsolete, but electronically it will continue to function. Bitcoin is great but some features are missing which general people will like to have. And also the trust factor towards a bank is too high. |
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yes big players like microsoft apple will initiate the change.as they ignite the flame then other small scale company will start following them too and finally we have ha strong foundation base of bitcoin network and finally we will have laws for it and we could use it without and fear of getting banned by government.
Initiation of this change will have overall some positive effects in the market, the ease of using Bitcoin will be pretty good. It might reduce the possibility of strict negative action by Government, but I think fear of will be still there even if Bitcoin being accepted by industrialist to some extent. |
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I'm sure technology will find it's way and bitcoin will be used to buy day to day stuff one day. Not sure how tho... we will need to wait and see
Technology might be innovated, but people mindset cannot be shifted so quickly. Many ares in different countries are not aware of Bitcoin till now, and some though knowing does not care about it. So even if technology arrives, the daily usage might not be high. I wish this changes but don't know how much time it would might take. |
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The skill part is more of a feel... you start developing a feel for a particular market. Fundamental factors are very important. You mix that and some technicals and then you must take a decision.
Ultimately, it comes down to luck, because you may miss a big pump due an unexpected new. For example, you expect a dip because the ETF does not pass, and set a short position, but then, the ETF passes, BTC goes to $5,000 and you go bankrupt.
Quite nearly agreeable, but if you have interest in a particular market and you have the sets of skills, then it is possible to not miss the the key factors or timings, but yeah there are exceptions. |
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If you're thinking about long term investment then I would say Gold but for short term bitcons is the best option.
I don't think that Bitcoin is suitable for short term investment. IMO, BTC is more suitable for medium term and long-term investment. Don't expect Bitcoin to give you 1,000% ROI in 6 months. That is not going to happen.  Medium term yes I will agree with that. It is suitable for those who are impatient also but there will be not much of a profit. That is what is investment is all about. The longer you are staying the better the claims will be. Short term investments are the riskier one. It is like gambling your money. Actually it depends on your goal, if your target amount is small, You can achieve it by Small term investment. And investing for too long term, might not turn on your favor. You can state trading as gambling if you do without knowledge/skill, but investing short term can never be like gambling and risking money if you don't want to. |
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I first saw it various online advertisement about the services through Bitcoin. I also came through various forum topics about BTC, but ignored it that time. Later after few months, understood all from a person.
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I have a question for you. How to make governments accept bitcoin and not see it as a threat? So that one could use bitcoin in daily use, such as paying taxes or grocery shopping. What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?
For now in my country I don't think the government here will accept bitcoin directly, and the only thing I know that bitcoin would be accept is the corporate companies not the government. Because the decentralization of bitcoin is the good thing why the government in each nations cannot control it,. None of the country government will not accept bitcoin as a centralized money. Because they do not want their government ledger to be open one. Then value also volatile. So do not able to run the stable economy in the country through out the year. Absolutely, Government won't accept BTC as centralized money and not only because of its value volatility but it is also have freedom for their users, and they won't be able to track and thus, corruption might increase. In our country they restricted at the beginning but later allowed to indulge in BTC. Though it is great, but there are some limitations. |
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For me you won't earn that much profit if you are just going to hold bitcoin for a long time then sell it after a year or so. If you will put that on some kind of investment like a business or do trading, yiu can earn more btc than just holding it for a long time. Although there are some risks but it is up to you if you will take it. As they say no pain no gain. If you are afraid that you can lost your btc when you invested it then it is better to just hold it.
Holding or putting money is itself an Investment. And holding obviously will grow your money, but yes the timing to release your holdings depends on your profit. The of BTC nearly few months ago was $650-750 and now it is going around for $900-1100. But yes ofcourse it doesn't guarantees great profit if you hold your BTC. So investing somewhere else might get you bigger profits. But BTC is currently a great positive Investment Option. Personally for me its good to hold BTC. |
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