I wouldn't be surprised if they do. I mean, as a gov't, who doesn't like having digital fiat? You get total control over it and by extension your people as well. And no need to worry about it being stolen by anyone else but you.





Yeah heard of Pesobit. People are calling it a scam.

Apart from a noble few, no one wants to use it as a currency. The majority want to speculate on it.

Speculation tapers off when enough people find real uses for it. You can't force it and it's going to happen naturally anyway. It's going to take time though.

Any sort of widespread currency use will be one of the very last things to fall into place. It has to become a store of value first.

Again, the "digital gold" theory. For me, it's based on wishful thinking.

A simple example of the fundamental difference between gold and Bitcoin comes into light when trying to answer the question: Does gold have alt-coins?

You can now say that every other precious metal could be an "alt-coin" for gold. But gold has properties that can't be copied: It's beautiful (and thus used in jewelry), useful in some industrial applications (other metals have other applications), and has a lot of tradition as store of value, (as you already said but my emphasis is in another point). Bitcoin, instead, is technically much easier to copy and so fundamentally different.

Above all the third property of gold is also pointing in the direction I went with my previous post in this thread: The most important aspect that dictates long-term prices and market cap is the real use. Gold is so institutionalized as "store of value" that you would need decades or centuries to let holders switch to other assets. (And it's difficult to move, unlike Bitcoin)

Only if Bitcoin achieves an important "network" that really use it, it can come near the properties and the "un-copyability" of gold, and so become a real competitor.

Maybe, it is on the way up again. Maybe being pumped before the 2x split, but then again it maybe organic.

Last hard fork the price actually went up much to many's surprise so who knows lol.

You can never predict bitcoin :]

The bitcoin mining is one of the process and Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which new bitcoin are released.  Anyone with access to the internet and suitable hardware can participate in mining.  The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle.  The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards it is called bitcoin mining.

In our country,even we are part of thirds world poor country,i have not  heard news or some folks story that bitcoin involve in crimes  rates or drugs.mostly people here's our country not so familiar about bitcoin.mostly bitcoin here is used in right direction,mostly people here used bitcoin for investment and financial needs.

Yes I agree with you. in the future maybe Paypal, Mastercard, etc. will be eliminated by Bitcoin.
Bitcoin is a digital currency and I've never seen the physical form of Bitcoin.

Having a job with a stable income is much more needed. Dont quit your job as you can have a regular work + your work here in earning bitcoins.


Are your earning in bitcoin is more than your salary? We cant always depend on bitcoin as we not know when will bitcoin last.

in UK they used to sell pre-paid credit card (debit card ?) on shopping centers etc ... I almost buy an American Credit Card to give it as a gift card ...

I think, the simplest way to invest in Bitcoin is to buy Bitcoin and hold it for a period of time. Investing to Bitcoin is a good idea because it is a good ibvestment for the reason that its market value is continuously increasing as time passes by. And holding your invested Bitcoin will result into huge profit in the future as its market value is getying more expensive.

Adams Smith wrote that the price of all things are equivalent to the human labor involved in their exploitation.   The price of gold is determined by the cost in human labor to mine it.  It can then be exchanged for another commodity which takes an equal amount of labor to create it.

Over time I have been able to find ways to place a price on stocks which I can use to evaluate what their value is to me.   I can then buy and sell based on what I determine as value at any time.   

I’m not a currency speculator but I also believe the US dollar is being killed.   I don’t like having much of a cash position but would rather be fully invested.   At this time what I see is a highly inflated value of the S&P 500.  Any bonds other the very short term bonds come with too much risk tied to the Feds low interest rate policy and the increasing money supply along with quantitative easing which is placing too much fake money on the Feds balance sheet.

After many years I have developed a feel or intuition to tell me when prices are out of line.   When it comes to bitcoin I am at a loss.   I like the core concept of bitcoin and long term it seem like it will all work out but it’s value is another issue.   I just don’t have a feel for what it’s worth in exchange for food, a house, a car, gold equivalent.  It seem that it should be relatively close in value to the cost incurred by the bitcoin miners.   How do I find out what the current cost is to mine bitcoins.  It cost to mine a well know number kind of like the PE for a stork or index?

I have started to buy small amounts which I plan to hold but I really don’t like the volatility.  It is also difficult to invest in something when I don’t really have any history to give me a clue of somethings value.  I doubt I would hold if bitcoin went over 5000.  It seems to be moving a bit too fast.

Obviously there are many ways through which you can invest our capital into bitcoins. You can as you said go for mining if you are capable of affording electricity bill and all the devices that are used for mining bitcoins. Bitcoins are the most easily earned via signature campaigns.

Yeah, there is definitely a regret after ignoring bitcoin the first time someone told you about it but that is normal. Many people, including me, did the same thing and not believeing in crypto currencies. People are like that, we would not easily believe in what other people might teach us andpri we will ask for questions again and again until we see some proof or evidence. I have also ignored bitcoin the first time I heard it. What important is that I, we, have managed to overlooked that mistake, learned from it and start as soon as we can.

Bitcoin? Nothing will make that really pay for you. Mining other coins is still a loss, but it is better than Bitcoin. All you need is the software. It is too hard to upgrade the GPU, but you can add more RAM if needed. IF your video card mines, then that is nice, but either way a laptop really doesn't cut it, even a PC doesn't work these days.

I don't really understand and don't know about who created bitcoin, maybe we only know one name is sathosi nakamoto.
But is it true if ordinary people like us can make this magic coin. however until now bitcoin has helped us especially in terms of economy

you are making yourself too difficult with unimportant thoughts.
in this world, there will always be evil everywhere. so forget about what you think, now all we have to do is increase knowledge and profit.

The future will be known as bitcoin era, and a lot of people says how is it possible and the answer is simple see the advantages of bitcoin and the facilitation that is provided by the bitcoin, may be in after 10 year bitcoin will be declared as the global currency because due to awareness every person on planet will start using it and this will big revolution.

I think it won't be able to achieve it before November. There'll be a hardfork in the month of November so there's a tendency for dumps to take place as what happened last month of August before the recent segwit happened. But surely, after the hardfork, it will be priced more than 5000$ especially if the fork will be successful.

It is possible but it would take many years for it to become a reality. 1 million dollar for a Bitcoin is a very high value so there will be a great resistance to it and would take a very long time to be reached. A very high number of demand is also needed in order to attain that price so Bitcoin must be known by many people. And these people should be holding some Bitcoins. If these are met, we might see Bitcoin within that range.

This will be just like an another alt coin the same thing with Bitcoin Cash and the dead BU. It will help to make the price of bitcoin higher again, because there will be another profit out of thin air. And every person that will be able to import their bitcoin gold will eventually dump it and the profit there will be on the buying order of bitcoin legacy / the original bitcoin for those who didn't understand what is it.