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Showing 9 of 9 results by lyn1031
Why use Bitcoins ?
I keep seeing threads on why don't people ? The real question to me is Why would they ?
-The average consumer will go way out of their way to save money. Bitcoins cost more.
-The average consumer will usually pay a little extra to have convenience. Bitcoin is less convenience and more hoops and complications.
I just cannot see any reason for the average consumer to use Bitcoins. Until average consumers start using Bitcoins they will just be an experiment and a small speculative bubble.
I have my personal reasons, I am interested Bitcoins them as a tech person, speculative investor and person that follows evolving treads and markets. I am just struggling to see any.. benefits for the average consumer at this stage.
I keep seeing threads on why don't people ? The real question to me is Why would they ?
-The average consumer will go way out of their way to save money. Bitcoins cost more.
-The average consumer will usually pay a little extra to have convenience. Bitcoin is less convenience and more hoops and complications.
I just cannot see any reason for the average consumer to use Bitcoins. Until average consumers start using Bitcoins they will just be an experiment and a small speculative bubble.
I have my personal reasons, I am interested Bitcoins them as a tech person, speculative investor and person that follows evolving treads and markets. I am just struggling to see any.. benefits for the average consumer at this stage.
The thing is bitcoin has many users more than ever this is why it is very easy to find any transaction that is related to bitcoin, which means there is more probable earnings using bitcoin activities. This is why I hold my bitcoins for it has a lot of use to me.
Let's Bitcoin takes off. Say you lived in the US and had an online service that dealt in the equivalent of ~20,000 USD or more income for you (personally). What are the laws for income tax on a currency like this? Can you get in trouble with the IRS by simply having tons of BTC that the market values at (currently) almost 5$ per BTC?
As of the moment, I really don't think that bitcoin is taxable. In my country, whenever there is a bitcoin transaction, the reduction falls on the people who manage the wallet and not for tax. So, I don't think that bitcoin is taxable yet. In addition, the government didn't really made it legal yet.
Actually today I watched a video on facebook which is about spending bitcoin and gold in USA,it says it is difficult to spend bitcoin but some places are accepting bitcoins accepting as payment like supermarket,restaurants and some institutions.But no one accepting gold as payment then why still people says gold is better?
Perhaps it is because of the fact that gold has long been part in mankind's system. To every important occasion such as wedding and so on, gold seems to be there all the time. Therefore, gold has been a part of important things for too long, thus people giving value to it too much despite the fact that it is mostly for accessorizing.
Hello!
If bitcoin died do you think people will lose intrest in other cryptos aswell? which altcoin would you invest in if there were no bitcoin?
If bitcoin died do you think people will lose intrest in other cryptos aswell? which altcoin would you invest in if there were no bitcoin?
I guess many will be very disappointed. I'm thinking that some of the population, particularly the new ones will give up on investing on bitcoin since they'd most likely think that they lost their investment. However, most would still try on an altcoin and tend to look for a replacement for bitcoin.
I don't think so. I believe that bitcoin's rise varies every year. If we carefully look at bitcoin's progress throughout the year, we'll realize that it is almost the same thing every year. There are always time when it's value falls down and there will always be times when it's value is really high. So, there is no lateness when it comes to bitcoin, just timing.
Who create God? Why there is always a confusion, misunderstanding and debates on the topic of God? Why do people want God? Isn't we are the one to make everything possible? We don't have to give our faith and hope to God. Isn't it ? Why God exists in all people mind? 
God exists in people's mind because people have faith in Him. Those people who believe and have faith in Him always puts God in thei center of their life, so, when problems and trials come to those people who believe in Him, they still find peace in the midst of problems and trials because God exists in their mind and heart.
I think because of bitcoin being here since the year 2009, it has this sense of safety that the system will not fail due to the fact that it has been here for a long time. Also, the fact that it is the most used online currency, makes it convenient for it to be used for payment and for trading as well.
I've just thought about this for a moment but, if we want bitcoin to get more popularity, attention or acceptance would it be nice to make some advertisement about it on T.V.? I don't know if in other countries they advertise bitcoin but in my country, I haven't seen one. How do you think advertising bitcoin will affect the people? Any thoughts?
I think its alright. It is actually good for bitcoins publicity and a lot of people will notice bitcoin and the other crypto currencies as well. Also, this can be a key for more investments and opportunities that involves bitcoin.
I think religion is necessary for people. In religion, we learn the concept of right and wrong. Therefore, we can be able to tell if what we are doing is acceptable not just in a society, but for our creator as well. Without religion, people will create their own standards of rightness.