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miningguru
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September 02, 2017, 06:24:38 AM |
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it's not easy to answer the question "what is bitcoin?". I did explain the basic knowledge about bitcoin to my friend and it costs me at least 2 hours for they to understand. Too many details i need to tell him and i guarantee many "bitcoin holder" can't explain what is bitcoin.
I think some people can't understand it very easily because Bitcoin is completely technology oriented so many people will not understand in the beginning. Even to me also, in the beginning, it is very hard to understand but I didn't convince about learning. Now I have learned a little bit about Bitcoin technology and it's usages. |
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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Rj Manik
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September 02, 2017, 06:44:25 AM |
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I do not know how much the bitcoin will reach the last price.But i think so the increase in bitcoin users and the price will increase.Still many people do not know its demand.As soon as possible,as much as possible Bitcoin will reach the highest price.
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metenjean
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September 02, 2017, 06:44:46 AM |
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This, it is a mistake to leverage your bets, bitcoin is great and I believe in it, but there is still a chance that it does not work and if you invested everything in bitcoin then you are going to lose everything too, not only your money but the time and energy that you invested on it, so be smart and get a job and if you already got one then do not drop it because of bitcoin.
Probably the best advices about bitcoin now i think, its true that bitcoin prices had soar into the sky in this few weeks, and i think it double the prices from last month. However it still posess a risk if you investing in your bitcoin only and only hoping that you will gonna be rich from it. Every dumb people will think like that, "I dont need to work, i dont have a boss of my own, and i can be rich guy in instant". The truth is success didn't come overnight, and if you're looking about quick rich scheme, probably you better go test your luck in casino and gambling, cause i think it require less energy than investing in any cryptocurrency, and its faster too  Well, in long term i think that bitcoin prices still has a long way to go, and can keep continue rising however it doesnt mean we need to ditch other possible income or side jobs |
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skarais
Legendary
 Offline
Activity: 2478
Merit: 2096
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September 02, 2017, 07:54:46 AM |
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yes I agree with you, by managing bitcoin does not mean we have to leave another job and focus on bitcoin only, because if there are other jobs that produce of course we need to do to help cost our life.
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ongels
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September 02, 2017, 08:30:11 AM |
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Investing bitcoins is risky thing .. in an instant it soar's high or sometimes it goes down depends upon the supply and demand.. Most people are curious on what is bitcoin.. and some are doing hard to produce bitcoin.. and this is another factor why bitcoin keeps rising...This is another breaking records of mankind of using this kind of technology.. It was so amazing when we used this to transact payment so fast and very convenient. It totally helps our life runs easier.. and i believe it will continue to rose up in the future.
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MiF
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September 02, 2017, 09:36:52 AM |
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Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin
Is this the impact of rising bitcoin prices?
A Big Yes, I believe that the more the bitcoin become famous is the more investment will come and the more investment that will pouring in the more stronger and stable it become. Same in our traditional business in which if no one will patronize the business it well fall and disappear. Very lucky are those who patronize the bitcoin earlier because it is now very expensive to purchase. |
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Isaacck
Member
Offline
Activity: 207
Merit: 10
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September 02, 2017, 09:55:16 AM |
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Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin
Is this the impact of rising bitcoin prices?
Maybe. There are more users of bitcoin. Like in Russia, Japan, China, Germany and many more people in that countries. More users have these coins, will make the price more expensive. If all transactions, accept bitcoins as the mode of payments, bitcoins can increase, because it's faster and secured transaction among all currencies. |
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basyang
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September 02, 2017, 02:42:19 PM |
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Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin
Is this the impact of rising bitcoin prices?
In my point of view, It depends to a person if they want to quit on their job and focus here in bitcoin. But I am looking forward that someday many people would not choose to quit their job because of the reason like this. I am pretty sure it will make a big effect in the industry of business because as far as I know many teenagers are engaged of bitcoining and hopefully they will choose to work in the real world not only here in the digital world. |
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zekeshawn
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September 02, 2017, 03:45:32 PM |
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it's not easy to answer the question "what is bitcoin?". I did explain the basic knowledge about bitcoin to my friend and it costs me at least 2 hours for they to understand. Too many details i need to tell him and i guarantee many "bitcoin holder" can't explain what is bitcoin.
As soon as you start getting into the details they get turned off because it can be very hard to understand. With that said, someday it will be taught in school and everyone will know what it is. I am looking forward for that day that bitcoin will be taught in school so that people will not see bitcoin as a digital money but also a very good technology that all of us can use. These days there are a lot of people who are involve in bitcoin simply because they want quick money and forgets the true usage of bitcoin. |
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yojodojo21
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September 02, 2017, 05:31:19 PM |
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There are also many people who work very hard and doesn't still know that bitcoin is existing, a very great currency in internet with a high value when it is converted to real money but sometimes after conversion fees are so incredibly getting higher too, the price of bitcoin rise and also its fees rises.
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Theb
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September 02, 2017, 05:42:57 PM |
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Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin
Is this the impact of rising bitcoin prices?
In my point of view, It depends to a person if they want to quit on their job and focus here in bitcoin. But I am looking forward that someday many people would not choose to quit their job because of the reason like this. I am pretty sure it will make a big effect in the industry of business because as far as I know many teenagers are engaged of bitcoining and hopefully they will choose to work in the real world not only here in the digital world. Yeah that is right many people especially the younger generations tend to go outside of being an employed person as they see themselves in a lot og bigger role to fill in, But if a certain percent of the population becomes self-employed I think there will be a bad effect on it especially in the business sector from higher prices to a fall of a business it may happen, their counter-measure would be increasing the basic salary and maybe other benefits in order to persuade them into being an employed person. |
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Clark05
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September 02, 2017, 07:10:05 PM |
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For sure it will affect the price. But if I have work I dont stop it . Its better if you have work and if you work with bitcoin if you fo that you can save a lot of money. More bitcoin more profit to come with you. Anyway the price of bitcoin is already 4600 dollars and for sure it will increase more. So hurry up invest only the money you can afford to lose or invesg only the extra money that you have.
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karmakeddon
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September 02, 2017, 10:10:39 PM |
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Actually we just broke the 4900 USD price mark a couple nights ago. The more people who knows about bitcoins the better since it will create a demand for it. The more demand it has, the higher the price gets pushed.
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batang_bitcoin
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September 02, 2017, 10:52:32 PM |
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Actually we just broke the 4900 USD price mark a couple nights ago. The more people who knows about bitcoins the better since it will create a demand for it. The more demand it has, the higher the price gets pushed.
Very true because it will add up more demand that will lead for bitcoins price to increase. We are having a correction at the moment and we should do nothing with it but keep on holding our bitcoin. I missed again seeing the price at peak so I wasn't able to sell. |
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Rizky Aditya
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September 04, 2017, 07:42:18 PM |
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Investing bitcoins is risky thing .. in an instant it soar's high or sometimes it goes down depends upon the supply and demand.. Most people are curious on what is bitcoin.. and some are doing hard to produce bitcoin.. and this is another factor why bitcoin keeps rising...This is another breaking records of mankind of using this kind of technology.. It was so amazing when we used this to transact payment so fast and very convenient. It totally helps our life runs easier.. and i believe it will continue to rose up in the future.
Yes, Bitcoins have made our lives much easier in terms of financial problems but I did not understand why you called them risky investment. They are not risky at all. Yeah, sometimes they do dump in value because of their volatile nature but it is not enough to declare them risky. For me they are the safest investment. |
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Omega Weapon
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September 05, 2017, 02:10:34 AM |
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Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin
Is this the impact of rising bitcoin prices?
Yes it might be possible. The increasing number of new people to the field of cryptocurrency maybe due to the heavy increasing price. Bitcoin is now on the speed of rocket and it will surely touch 10,000$ in maybe some months and then 100,000$ is not too far then. Bitcoin has the immense growth and have attracted many people to this new world. Bitcoin has become the new job for the unemployed and it also attracts many people to leave there job and start there field in bitcoin. If you have proper knowledge, skills, investment then you can surely earn much profits in bitcoin. Those numbers are very far away, bitcoin at the moment is suffering a much needed correction and it seems the price is going to go below 4000 we are not going to reach 10000 in a few months as you speculate and the amount of 100000 which is 25 times the current price is not going to be reached any time soon, I’m enthusiastic about bitcoin but it is completely different to let that blind us to the reality. |
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mel1978
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September 05, 2017, 02:20:39 AM |
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Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin
Is this the impact of rising bitcoin prices?
Maybe yes because people are getting amaze of the very high value of bitcoins nowadays and have still getting higher. Some people are working online in order to earn bitcoins, some go into trading and some do High Yield Investments Program just to earn bitcoins. |
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Absentis
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September 05, 2017, 02:24:38 AM |
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Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin
Is this the impact of rising bitcoin prices?
There are lot of factors that bitcoin keep of rising, one of them is thru trading in which all altcoins we receive and keep will be traded for bitcoins and that makes bitcoins value goes up but i will never quit my stable job except if i earned bitcoin bigger than my salary then i will proceed on enterpreneurship using earn bitcoin as an starting investment. We must be sure we are right of all of our decisions before we go a head. |
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Finestream
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September 05, 2017, 05:51:50 AM |
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Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin
Is this the impact of rising bitcoin prices?
There are lot of factors that bitcoin keep of rising, one of them is thru trading in which all altcoins we receive and keep will be traded for bitcoins and that makes bitcoins value goes up but i will never quit my stable job except if i earned bitcoin bigger than my salary then i will proceed on enterpreneurship using earn bitcoin as an starting investment. We must be sure we are right of all of our decisions before we go a head. The amount you will earned in bitcoin is not fixed unlike your job, if you are not a real risk taker you will not gonna be able to quit your job. Bitcoin gives the best opportunity for us here but it depends on us on how are we going to get that opportunity and maximize our income, less risk means less income so be sure you know what you are doing. |
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reliable
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September 05, 2017, 05:58:02 AM |
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Actually we just broke the 4900 USD price mark a couple nights ago. The more people who knows about bitcoins the better since it will create a demand for it. The more demand it has, the higher the price gets pushed.
Very true because it will add up more demand that will lead for bitcoins price to increase. We are having a correction at the moment and we should do nothing with it but keep on holding our bitcoin. I missed again seeing the price at peak so I wasn't able to sell. Now the price has fallen back to 4k mark and might seems to take a dip at 3500$ if it does not get stabilized above 4k. So what you can do now is buy more so that your price gets averaged and once the price rises back again you can make some quick gains. Hope there is not a major fall as predicted by GS analyst some months ago of price going back in 2000$. |
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