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Hey all,
Im conducting a research on cryptocurrencies and Im especially interested in why people choose Bitcoin. And since you are bitcoin users/experts, I thought you would be the best people to ask. It would be great if you could take the time to answer my questions (anonymously), I promise it will take no more than 10 minutes.
Click on the following link to go to the survey - https://uvacommscience.eu.qualtrics.com/jfe/form/SV_3lzs2sI13cKH1m5?source=bitcointalk
If you are interested, I could post my main findings here.
Thank you.
Im conducting a research on cryptocurrencies and Im especially interested in why people choose Bitcoin. And since you are bitcoin users/experts, I thought you would be the best people to ask. It would be great if you could take the time to answer my questions (anonymously), I promise it will take no more than 10 minutes.
Click on the following link to go to the survey - https://uvacommscience.eu.qualtrics.com/jfe/form/SV_3lzs2sI13cKH1m5?source=bitcointalk
If you are interested, I could post my main findings here.
Thank you.
I choose bitcoin over other because of its popularity, aside from this, bitcoin can be helpful to one's knowledge as well as it can make someone invest a great money when you work hard for it.
The lack of financial education in general is a worrying problem. We teach students about literature, maths, science, ... and we tell them that those are the things they need to know in life. Yet usually, the largest single expense they will have on their lives is a house, and that normally comes with a mortgage. Yet, only a few schools will tell them what should they be expecting, the risks and the consequences of such a contract.
Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
ALl traders must have taught or studied at least financial education for them to have an advantage in trading or other transactions that they will made.
Why do people want Bitcoin?
Bitcoins act as new currencies in the digital age. It can cross borders without any banks or governments.
The recent boom in Bitcoin may be great news for those who put money here early. But it also made it possible for Bitcoin to become a distant currency.
I can now use my Bitcoin number to buy stuff at Overstock or book a hotel at Expedia. But if I use Bitcoin to buy $ 25 on the Overstock today, and next week Bitcoin prices will increase fourfold, I'll feel that stock is $ 100. If Bitcoin loses its price, at least I still have the stock to use.
Bitcoins are considered as a kind of asset, instead of currency, with great profit expectations later on.
Bitcoins act as new currencies in the digital age. It can cross borders without any banks or governments.
The recent boom in Bitcoin may be great news for those who put money here early. But it also made it possible for Bitcoin to become a distant currency.
I can now use my Bitcoin number to buy stuff at Overstock or book a hotel at Expedia. But if I use Bitcoin to buy $ 25 on the Overstock today, and next week Bitcoin prices will increase fourfold, I'll feel that stock is $ 100. If Bitcoin loses its price, at least I still have the stock to use.
Bitcoins are considered as a kind of asset, instead of currency, with great profit expectations later on.
Because in bitcoin, we can gain a large amount of money just by reading and studying posts from other users. It requires less work to generate that money.
As indicated by predictions bitcoin should have achieved 15k$ by end of 2017 and fall in first week of jan 2018
In any case, shockingly its effectively reached 17k$ in 2017.
Should I purchase or hold my btc?I don't plan to sell at any point in the near future.
In any case, shockingly its effectively reached 17k$ in 2017.
Should I purchase or hold my btc?I don't plan to sell at any point in the near future.
It depends sir on the situation as well as the volume of the digital currency you want to trade. But their is a greater chance that your money will increase if you hold it, because as time goes by, the digital currencies'values are increasing
Re: A proposal for Philippines to have its own Cryptocurrency
Ayon sa isang Blog ang CHINA ang kauna-unahang bansa na sumubok sa Cryptocurrency upang gamitin sa buong bansa nila, sa ngayon ang Bangko Sentral ng China ay lumikha na ng kanilang sariliing cryptocurrency.
Hindi maitatanggi na ang ating panahon ngayon ay namulat na sa blockchain technology na nasa likod ng BITCOIN na siyang pangunahing digital coin sa ngayon. At maraming mga advantage ang technolohiyang ito kung kaya nga halos unti-unting parang kabote na nagsusulputan ang ibat-ibang cryptocoins.
Sa dinami-daming matatalino dito sa atin, hindi mahirap para sa atin na makabuong isang team para magpasimula ng ganiton uri ng proyekto. Kung ang ETHERIUM ay ginawa na mas higit ang kapangyarihan sa BITCOIN, at ang CHINA ay naglabas ng NEO na mas higit ang abilidad sa ETHERIUM, sana may makapag simula din ng higit dito na mula naman sa ating minamahal na bansa. Hindi lang dahil uso, kundi talagang maraming magagawang mabuti ang ganitong teknolohiya. Isipin na lamang isang cryptocurrency na gawang pinoy... na mas higit pa ang kakayahan sa BITCOIN, ETHERIUM, at NEO.
Pwede na kayong mag suggest kung anong itatawag dito....
Hindi maitatanggi na ang ating panahon ngayon ay namulat na sa blockchain technology na nasa likod ng BITCOIN na siyang pangunahing digital coin sa ngayon. At maraming mga advantage ang technolohiyang ito kung kaya nga halos unti-unting parang kabote na nagsusulputan ang ibat-ibang cryptocoins.
Sa dinami-daming matatalino dito sa atin, hindi mahirap para sa atin na makabuong isang team para magpasimula ng ganiton uri ng proyekto. Kung ang ETHERIUM ay ginawa na mas higit ang kapangyarihan sa BITCOIN, at ang CHINA ay naglabas ng NEO na mas higit ang abilidad sa ETHERIUM, sana may makapag simula din ng higit dito na mula naman sa ating minamahal na bansa. Hindi lang dahil uso, kundi talagang maraming magagawang mabuti ang ganitong teknolohiya. Isipin na lamang isang cryptocurrency na gawang pinoy... na mas higit pa ang kakayahan sa BITCOIN, ETHERIUM, at NEO.
Pwede na kayong mag suggest kung anong itatawag dito....
Posibleng magkaroon nga tayo ng sariling digital currency at maaaring maraming tumangkilik nito na ating mga kababayan. Bukod dito, makaktulong din ito sa pag-angat ng ekonomiya lalo na't kapag naging suportado ito ng ating gobyerno. Maaari natin itong pangalan na PHL
I am amazed with number of people being fooled with BTC:
1. Transactions takes hours
2. Fees are high
3. Development team sucks, uncapable solve scalability issues for years
4. Its not anonymous, every solution to make it, failed so far
5. Its centralized: who is biggest hash power owner? Who is biggest miner hardware provider? Who owns most of bitcoins? What is % of Bitcoins in coldstorage and what in exchanges ( Ye Mt Gox )
6. There is 0 economics for BTC, it just tight to USD with liquidity providers, cut that and try to value pizza box with just BTC
7. Its not store of value, its not digital gold, and it will never be 100k USD. Because it has no value. It has value only for energy probiders, hardware manufactures and random phils.
8. Its not insured, If some crap happened to your BTC, its gone.
9. Bitcoin has a limited supply, but it does not help much. Bitcoin has a code that can be amended and its enough of small group of people to work together to support that. Question really is: do someone need that hassle? No really. Bitcoin has satoshis, that currently meaningless and just nice numbers after dot, but this a very well painless way to inflate any crypto currency and its up to liquidity providers. Again it falls to point #5 and #6. Added on 24/01/2018
Such crap will never be used in payments, noone wants to support Terrabytes or Petabytes of data.
Its funny to observe how uneducated shills trying to make casual office landline phone to look smart phone.
BTC is scam of the century, stay away.
UPDATE 23/01/2018:
useless, guys the fact that some of you become reach and wealthy does not make Bitcoin useful. You wealth does not come from values that are used in propaganda.
1. Why I am still here? I believe there are technologies that are better maintained and lead than BTC, I prefer put money in something that bring value, has use-case and been used.
2. LN is panacea! Well not, so far its more dream than reality, no doubt it will be delivered in one or other way, but it will not solve all problems and so far it has more questions than answers.
UPDATE 24/01/2018:
Everyone is amazed of why I called it useless, well, recently Stripe dropped support for Bitcoin payments. This is the prove of Bitcoin being useless. Stripe was not the only one in recent months to do so. It should ring a bell.
UPDATE 29/01/2018:
Few points were made here that are unfair:
1. Bitcoin is a first one, its revolutionary and so on and so forth, wrong, Bitcoin is a client that is build on top of practices that were developed and test long time before Bitcoin e.g. Proof of Work, Hashcash, eCash, bit gold, Merkle Tree, Peer-to-Peer,Byzantine fault tolerance etc.
2. Bitcoin is still in development and it needs a time and so on and so forth, really? its a 10 years old technology. Its usage is very easy predictable, no rocket science here. Scailibility problems were addressed long time ago. But like in every corrupted government, Bitcoin has biased devs, greedy miners and exchanges driven by capitalists. Why to care about tech? When everyone is just become wealthy on nothing. This is why its scam and this is how it become useless, because everyone only cares about price, not utility on day-to-day basis. Typical ponzi game.
3. Bitcoin is store of value, fake as is. Everything that has Blockchain underneath is store of value, Bitcoin is neither exception nor unique here. And again it has no value, because there is no utility. Remove exchanges from equation, and tell me how much BTC will be worth 1 pizza?
UPDATE 30/01/2018:
Bitcointalk, and many other crypto related forums are heavily manipulated by bots, the amount of useless posts and conversation is just crazy. Even look at this thread, so much messages about "it will make me reach", "it growing", "I am going to be wealthy" so much manipulation, only in ponzi game this possible. It proves just on how bitcoin is useless, because 90% of people just copy paste message from bots, even not knowing basic fundamentals.
1. Transactions takes hours
2. Fees are high
3. Development team sucks, uncapable solve scalability issues for years
4. Its not anonymous, every solution to make it, failed so far
5. Its centralized: who is biggest hash power owner? Who is biggest miner hardware provider? Who owns most of bitcoins? What is % of Bitcoins in coldstorage and what in exchanges ( Ye Mt Gox )
6. There is 0 economics for BTC, it just tight to USD with liquidity providers, cut that and try to value pizza box with just BTC
7. Its not store of value, its not digital gold, and it will never be 100k USD. Because it has no value. It has value only for energy probiders, hardware manufactures and random phils.
8. Its not insured, If some crap happened to your BTC, its gone.
9. Bitcoin has a limited supply, but it does not help much. Bitcoin has a code that can be amended and its enough of small group of people to work together to support that. Question really is: do someone need that hassle? No really. Bitcoin has satoshis, that currently meaningless and just nice numbers after dot, but this a very well painless way to inflate any crypto currency and its up to liquidity providers. Again it falls to point #5 and #6. Added on 24/01/2018
Such crap will never be used in payments, noone wants to support Terrabytes or Petabytes of data.
Its funny to observe how uneducated shills trying to make casual office landline phone to look smart phone.
BTC is scam of the century, stay away.
UPDATE 23/01/2018:
useless, guys the fact that some of you become reach and wealthy does not make Bitcoin useful. You wealth does not come from values that are used in propaganda.
1. Why I am still here? I believe there are technologies that are better maintained and lead than BTC, I prefer put money in something that bring value, has use-case and been used.
2. LN is panacea! Well not, so far its more dream than reality, no doubt it will be delivered in one or other way, but it will not solve all problems and so far it has more questions than answers.
UPDATE 24/01/2018:
Everyone is amazed of why I called it useless, well, recently Stripe dropped support for Bitcoin payments. This is the prove of Bitcoin being useless. Stripe was not the only one in recent months to do so. It should ring a bell.
UPDATE 29/01/2018:
Few points were made here that are unfair:
1. Bitcoin is a first one, its revolutionary and so on and so forth, wrong, Bitcoin is a client that is build on top of practices that were developed and test long time before Bitcoin e.g. Proof of Work, Hashcash, eCash, bit gold, Merkle Tree, Peer-to-Peer,Byzantine fault tolerance etc.
2. Bitcoin is still in development and it needs a time and so on and so forth, really? its a 10 years old technology. Its usage is very easy predictable, no rocket science here. Scailibility problems were addressed long time ago. But like in every corrupted government, Bitcoin has biased devs, greedy miners and exchanges driven by capitalists. Why to care about tech? When everyone is just become wealthy on nothing. This is why its scam and this is how it become useless, because everyone only cares about price, not utility on day-to-day basis. Typical ponzi game.
3. Bitcoin is store of value, fake as is. Everything that has Blockchain underneath is store of value, Bitcoin is neither exception nor unique here. And again it has no value, because there is no utility. Remove exchanges from equation, and tell me how much BTC will be worth 1 pizza?
UPDATE 30/01/2018:
Bitcointalk, and many other crypto related forums are heavily manipulated by bots, the amount of useless posts and conversation is just crazy. Even look at this thread, so much messages about "it will make me reach", "it growing", "I am going to be wealthy" so much manipulation, only in ponzi game this possible. It proves just on how bitcoin is useless, because 90% of people just copy paste message from bots, even not knowing basic fundamentals.
Every individual has their own perspective on bitcoin, it varies from each individual bitcoin users, however, aside from the negatives you have observed in the system, you did not accept the fact that bitcoin is very useful especially for the poor people who studied bitcoin in order for them to invest a great amount of money.
Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?
Being a good bitcoin user, maybe we can report someone if we find that user is suspicious enough to be a hacker or potential spy. Maybe the system is safe so that it can detect hackers who wants to infiltrate in the system.
Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,
In my opinion, I feel that bitcoin is more secure compared to manual banks who store money in a big vault. Because bitcoin is digital, unless you are so professional in hacking, you can enter the what you so called bitcoin vault. But I bet that someone who will try to do that will be punished severely by the creator of this crypto.
Sa pagsasaliksik ko sa bitcoin lagi po akong napupunta sa mga articles na sinasabing ban daw po ang bitcoin sa China? Hindi lang po klaro sa aking kung bakit po kaya nila ayaw ang bitcoin? Ano po kaya ang konkretong dahilan ukol dito sa mga nakakaalam pakishare naman po. Salamat.
Marahil ganun na lamang talaga mag isip ang ibang bansa kapag may papasok na ibang bagay o produkto sa kanila sapagkat maaaring magdulot ito ng malaking epekto sa kanilang eknomiya. Siguro kaya ito ipinagbawal ay dahil sa hindi pa nakikita ng gobyerno ang oportunidad na nakapaloob sa bitcoin
Re: May establishments ba na nag aaccept ng bitcoin as payment?
May mga establishments na bang tumatanggap ng bayad dito sa Pilipinas na hindi mo na kailangan iconvert to PHP un bitcoin? 
Sa pagkakaalam ko, mayroong mga establishments na tumatanggap ng bitcoin or pwede namang gumamit ka ng app na nagcoconvert mula bitcoin to peso
I beg to disagree with this sir. I find bitcoin is better compared to our fiat money. First, it is better in terms of value. Second, it is better in terms of easy gain and invest. Lastly, easy to earn.
When Satoshi Nakamoto created the first bitcoin in January 2009, there were nearly 21 million coins left to be mined. As 80% of the total number of bitcoins have already been mined by January 13, there are only one-fifth of the capped supply that will be mined in the coming years.
Over 16.8 million bitcoins have now been mined by the miners worldwide and there will be another 4.2 million digital coins that is still left.
Number of Bitcoins Mined
January 15,2016 : 15,089,500 (71.8%)
January 15,2017 : 16,104,750 (77%)
Over 16.8 million bitcoins have now been mined by the miners worldwide and there will be another 4.2 million digital coins that is still left.
Number of Bitcoins Mined
January 15,2016 : 15,089,500 (71.8%)
January 15,2017 : 16,104,750 (77%)
How can this be true sir? I thought these are digital currencies that can be generated by a digital blueprint. Does it mean that 20 percent of the total bitcoins are still left to be mined? Just believe that bitcoin will increase again.
Like every other investment such as real estate, stocks and other forms of investment we know that you can invest in that kind of things and then you get something like say a Certificate or a Binding Document as a proof that you are part of that investment, now that of bitcoin all you have is just your address, your password, key and seeds as proof of the ownership of the wallet.
BTC
So now if one is considering buying bitcoins and saving for his/her children in the future is there any way to do that with bitcoins apart from having to write down your details somewhere. I'm asking because with that kind of stuff if no one knows your seeds or password no one can get the coins.
BTC
So now if one is considering buying bitcoins and saving for his/her children in the future is there any way to do that with bitcoins apart from having to write down your details somewhere. I'm asking because with that kind of stuff if no one knows your seeds or password no one can get the coins.
Oh, I find this a great technique or idea, maybe I'm gonna try this. It is good to do your child's future so that when the time comes, they gonna invest it.
So Bitcoin's market dominance in the cryptocurrency world is currently at the lowest level ever with 36.1% of the total value.
In my opinion, it's because the interest in alternative coins is rising rapidly for one, but you also have to consider how much of the bitcoin world is criminal. Seriously, for the first 5-8 years, the digital currency was mainly used as a means for criminals to launder money and sell illegal goods on the dark market. Think of all the massive hacks in the early days also, and all those darknet markets that disappeared with huge amounts of bitcoin.
Literally millions and millions of the 16 million coins out there would be owned by criminals. And now with bitcoin becoming more centralized and less anonymous, they are swiftly exiting the market and looking for alternative dark coins.
I also personally avoid using bitcoin all-together because of the extremely slow transaction speeds and high cost's associated with it.
The bitcoin mining business is dust, so that interest will die quickly.
I just don't see a very bright future for the god of cryptocurrency and it will surely be surpassed by one of its rivals soon enough.
I'm torn between predicting it to be Dash, or Ethereum, and I recon it could be about 2 years before that happens.
Would love to know peoples thoughts on the future of bitcoin.
Where will bitcoin be in
2 weeks?
2 months?
2 years?
Will it be surpassed by another coin? If so, which one and when?
In my opinion, it's because the interest in alternative coins is rising rapidly for one, but you also have to consider how much of the bitcoin world is criminal. Seriously, for the first 5-8 years, the digital currency was mainly used as a means for criminals to launder money and sell illegal goods on the dark market. Think of all the massive hacks in the early days also, and all those darknet markets that disappeared with huge amounts of bitcoin.
Literally millions and millions of the 16 million coins out there would be owned by criminals. And now with bitcoin becoming more centralized and less anonymous, they are swiftly exiting the market and looking for alternative dark coins.
I also personally avoid using bitcoin all-together because of the extremely slow transaction speeds and high cost's associated with it.
The bitcoin mining business is dust, so that interest will die quickly.
I just don't see a very bright future for the god of cryptocurrency and it will surely be surpassed by one of its rivals soon enough.
I'm torn between predicting it to be Dash, or Ethereum, and I recon it could be about 2 years before that happens.
Would love to know peoples thoughts on the future of bitcoin.
Where will bitcoin be in
2 weeks?
2 months?
2 years?
Will it be surpassed by another coin? If so, which one and when?
Yes you're right with that statement that bitcoin is kinda decreasing. But still, bitcoin is the leading digital currency, maybe we just have to wait for a while that someday bitcoin will rise again because of its many investors.
ang konti pa ng activity mo pero inaatupag mo na agad trading, siguro may isa ka pang account. Pero try mo bittrex. tsaka bago ka sumabak sa trading industry, try mo muna magbasa basa tungkol sa tamang pagtetrade upang di ka maisahan o di ka malugi
Marahil kulang sa impormasyon ang ideyang ito, hindi nasabi kung pesos ba ito o dolyar. Kung peso ang usapan, di malabong mangyari ito, maaari pa ngang mas mataas pa sa isang milyon ang aabutin kung patuloy itong makikilala at mababawasan ang mga online scammer. Kung sa dolyar naman, malabong mangyari ito.
even though bitcoin will degrade at some point, bitcoin will be soon well known to everyone. The opportunity that lies within bitcoin will be exposed and that will attract investors that will make bitcoin rise again