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Showing 13 of 13 results by NanaLelyakova
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Board Bitcoin Discussion
Re: What do you think are the biggest disadvantages of Bitcoin?
by
NanaLelyakova
on 22/06/2017, 11:29:33 UTC
Biggest disadvantage that I can see with bitcoin is its long confirmation to the users that makes everyone irritated, which we do not want, waiting for more than 24 hrs., and the price volatility, which we really need most, and one factor of every currency, but we cannot deny that fact that the value of it is unstable and turns to up side down. But the progress of bitcoin is really good, for sure, once these problem solved by the developer I guess, we will have more users and more registrant. And one more thing, I guess, it is not all about bitcoin disadvantage but the user itself.
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Board Bitcoin Discussion
Re: Bitcoin may not be number one for long
by
NanaLelyakova
on 22/06/2017, 11:20:52 UTC
Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.
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Board Bitcoin Discussion
Re: Bitcoin as a source of income?
by
NanaLelyakova
on 22/06/2017, 11:11:59 UTC
Bitcoin may be the most reliable source of income when it comes to online works. You dont have to go outside and do so much work which consumes your energy and some are risky. Here you can have money with just a few clicks. But this doesnt mean that we have to ignore jobs in the real world. We cannot depend on this a hundred percent. Imagine that if everybody would be involve in online works, people would lose their interaction ansd socialization.
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Board Bitcoin Discussion
Re: Forum moderation policy
by
NanaLelyakova
on 22/06/2017, 10:57:48 UTC
I hope the forums are moderated a bit more carefully from now onwards. Spammers and those promoting some kind of ads should be banned absolutely.
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Topic
Board Speculation
Re: Will Bitcoin die soon?
by
NanaLelyakova
on 21/06/2017, 18:28:00 UTC
I think on that too So far i had many transaction approximately 4-5 days before it  confirmed. I ask my self about that too seem bitcoin will never die instead it will keep growing since many coin exist now.
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Board Bitcoin Discussion
Re: Does Bitcoin really need an ATM?
by
NanaLelyakova
on 21/06/2017, 18:05:33 UTC
I've never used or needed to use a bitcoin ATM so for me personally, no I don't think bitcoin needs ATM's. The issue is for people who live in countries with restrictive or poor internet connection/availability, they will need ATM's.
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Board Bitcoin Discussion
Re: How to explain bitcoin to teenagers or children
by
NanaLelyakova
on 21/06/2017, 17:47:51 UTC
The best way to explain it is as using a 'game currency' reference but tie it to the value and possibility that Gold has. Tell them its the same concept but with greater potential as its intentions are to be the world's next banking system rather than the best online game currency.
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Board Bitcoin Discussion
Re: How do you keep your bitcoins?
by
NanaLelyakova
on 20/06/2017, 20:22:11 UTC
Well, to be absolutely accurate, you don't technically store bitcoins anywhere. What you store are the secure digital keys used to access your public bitcoin addresses and sign transactions. This information is stored in a bitcoin wallet.

Bitcoin wallets come in a variety of forms. There are five main types of wallet: desktop, mobile, web, paper and hardware. Here’s how they work.
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Board Bitcoin Discussion
Re: How much risk in bitcoin investement ?
by
NanaLelyakova
on 20/06/2017, 20:10:14 UTC
Despite Bitcoin’s impressive annualized returns since its inception in 2009, the reality is that the currency is still in its infancy and no one knows whether it will really become globally accepted or whether it will eventually disappear. This uncertainty surrounding Bitcoin’s future is reflected in its price volatility.
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Board Bitcoin Discussion
Re: So Bitcoin is better than Gold?
by
NanaLelyakova
on 20/06/2017, 19:26:21 UTC
Bitcoin’s volatility is currently too large to rectify and even begin approaching gold as a portfolio’s favorite reserve position. This is not to say that gold has not experienced lows and highs, but investors like gold because the likelihood of gold’s price changing significantly is much lower than that of cryptocurrency.

This is one of the main attractive features of gold. It is a good way to store wealth, particularly in the face of uncertain international markets when fiat currencies are less solid. Bitcoin’s high volatility may be one of the larger barriers to transcending gold entirely. Furthermore, just because Bitcoin’s price past gold’s doesn’t mean Bitcoin is worth more than gold. In fact, in order to match gold’s market cap of $7 trillion, a single Bitcoin needs to be worth around $500,000.
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Board Bitcoin Discussion
Re: Bitcoin Is Not Garbage, Embrace It
by
NanaLelyakova
on 20/06/2017, 19:19:22 UTC
The votality, high fee and longer confirmation time is the only thing I dislike with bitcoin. Generalizing bitcoin as a garbage because you hate one of it's feature is dumb if you will not consider the postives about bitcoin. So far I use bitcoin as investment and as a savings account. If you are not the type to be patient with how bitcojn works, then convert your money into another coin or stay away with cryptocurrency.
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Board Bitcoin Discussion
Re: In what situation would Bitcoin die?
by
NanaLelyakova
on 19/06/2017, 16:18:08 UTC
Bitcoin won't die, before this happen an improvement will be chosen to be implemented. The question is if it will have a hard fork or not. I personalyl don't like the idea, I think it's very bad for the Bitcoin unity that was built along the years, but the transaction fees can't continue increasing like now and the delay can't continue. All we can do is to wait and see what happens... Huh Huh
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Board Bitcoin Discussion
Re: So Bitcoin is better than Gold?
by
NanaLelyakova
on 19/06/2017, 16:03:54 UTC
It may seem crazy comparing Bitcoin to gold. After all, gold is a historical store of value and is recognized all over the world. However, considering the huge appreciation of Bitcoin, an analysis of these two is more than warranted. A lot of investors may be tempted to invest in Bitcoin. The factors stated above should be kept firmly in mind. While Bitcoin does have a lot of good things going, there are still a lot of questions regarding this particular investment vehicle. Lined up with an analysis versus gold analysis, be careful not to engage in wishful thinking. Focus on the facts and risks. This is the proper way to do a Bitcoin vs. gold analysis.