Topic: Should I believe in Bitcoin ? - page 2. (Read 219675 times)

Yes, it makes the price of bitcoin getting up, if he's still afraid to invest all the money then just 50% can make him become richer, in the next few years. and the rest is invested elsewhere, which is important he does not keep fiat too much because the value is always decrease.

yes we can believe on bitcoin without any reason. i think bitcoin is now one of the most important part of our life and its importance is increasing day by day.  people are now adopting bitcoin continuously in their life.

I think you should believe in the Bitcoin because if look back to last year, the price was much lower than nowadays.
But I wouldn't recommend that you put all your money in the Bitcoin. Because losing $10K isn't nice and you won't feel that bad if you do it with less.

Yes I strongly believe in bitcoin because the dreams of higher profitable price is now becoming a reality, well the proof is number of users are increasing everyday due to its influence from old bitcoin users and earners. I don't see any reasons that will discourage me in believing bitcoin's ability to help us with our profitable needs, and today is the opportunity and you should grab it right away and never waste time.

This is a view of an outsider

But I suspect that miners themselves are going to disagree with you, at least, that part of them which are exclusively into profits with Bitcoin (which should be pretty close to 100% nowadays, though). They are obviously looking at fees not from the absolute angle, i.e. how the fee profits stand now against then (that's what we, non-miners, think), but they rather think in relative terms, i.e. how much they actually earn versus how much they could potentially earn given the current setup. And from this angle they may well think that they don't earn enough, i.e. don't squeeze everything what is possible to squeeze presently

You $ 1200 worth reasons to trust in Bitcoin. If you look at the periodic graph of bitcoin price then you will find that how you would have missed buying bitcoins back in octomber 2016! The chart says price of BTC = $220-$240 in Oct' 2016 which gradually increased to $ 300 in around Nov' and hiked towards $ 500+ in december. Today, if you look at the price chart of BTC you will find that is almost double what we saw back in mid 2016. Even today Bitcoin has potential to go ahead and reach remarkable history of BTC = $ 2000 - The study shows! So, it would be great to keep faith in your beloved bitcoin. I am always advising people if you have plenty amount of bitcoin then SAVE IT rather than spending it. You will have full fledged right timing to spend it in near future. If you have got money then buy more bitcoins today and you will find yourself i full profit in coming 8-10 months. Bitcoin will never die, it will expand exponentially due to versatile interests of people and more industries accepting Bitcoin as their preferred payment mode. These factors ultimately makes bitcoin more valuable and trust worthy.

If you ask then yes, bitcoin is form of currency that has gained more trust than any other fiat type of commodity. Within few years it has taken giant leap in terms of its popularity and valuation. Most internet based market now a days look at Bitcoin as trusted transaction which also fastest.

If big industries and market is believing in it then you have really got $ 1200 worth reasons to trust it back!

:-)

Block halvings could indeed turn out to be an unwelcome happening for pools, but that's only when the price doesn't go up after that to compensate for the halved rewards. If you look at the block halving last year where at that time the price was sitting well under $700 and compare that with current price, then it's obvious that miners won't suffer any losses as result of the halving as the price nicely compensated the halved rewards.

That is the good side of bitcoin halving which it lessen the supply of the bitcoin but in the other hand it increases the mining difficulty and also halves the block reward for the miners which it makes it harder for them to earn decent profit and can be a reason why other average miners abandon mining or supporting bitcoin because of low profit.

Only the block halving makes sure that the supply reduces every 4 years, and not the increased number of people finding their way into the Bitcoin world. Less supply means less pressure on the market/price. Block halvings are meant to prevent long periods where there is more supply than actual demand, that eventually will result in a lower price.

Majority of users are holding their coins to make higher profits in future but there are also many users who are selling or spending their coins on regular basis either in buying goods or on gambling sites and to make bitcoin a stronger currency we need to spend them and if everyone will keep on holding their coins then price will not go higher to our expected level and it will also make it a weaker currency.

yes that is very right. the number of bitcoin users are increasing too much and that is the reason that the supply will decrease and so the price of bitcoin will increase as no one is welling to sell their bitcoin.

especially when everyone is using bitcoin bitcoin with a limited supply of course the price of bitcoin will be rising in the future. I believe it will happen, due to ongoing deployment of bitcoin

And how much more will it last? All the yelling they want legalization and government are also looking for ways to distinguish between income and the number of taxes. So these desires can come true for all of us on the mountain. It is necessary to closely and carefully what the want and desire.

There's no reason why a black market person will convert his bitcoins to fiat. Using fiat will only lead him to getting exposed, it's risky for him. I don't even think that shady businesses are actually using bitcoins because if they do, the price of bitcoin will be much more than what it is right now. I'm talking about some mafia level here, not some lame teenager's "I use the deepweb" type of black market.

Bitcoin's market cap is $20B and the amount of money being transacted in illegal activities surely is much more than that.

Bitcoin is still in its early age as a currency compared to other traditional currencies. As such its potential to grow more in value will continue to spike the market until its maximum price will hit the market. Though bitcoin has a limited supply and the users demand is very high there is still a limit as to the price increase. That value will be around 100 million dollars per bitcoin, it will take more years to reach that value and so it is good to invest in bitcoin right now.

No doubt about it bitcoin has some negative effects, for example a large amount of bitcoin is being dumped into the black market, because of how bitcoin makes us anonymous and free us from the tracking of the governments some people use this in the wrong way to do illegal things like selling drugs and hacking.

yes we should also believe on bitcoin and as time pass our believe on bitcoin is increasing more and more. i think even those people who will invest their money right now in bitcoin even they can make money from bitcoin because the price is still expecting to increase more and more.

Not an issue anymore, if bitcoin is a digital currency that gives many advantages for all of us. Because in addition to we can invest in the bitcoin, we can also find work in maya to be paid using bitcoin. Bitcoin is a revolution of the digital currencies are already used to appear, but keep in mind. that bitcoin certainly has negative side if we use it for things that are not true, and every negative thing definitely provide bad impacts for everyone

Bitcoin truly brings money because of its volatility on its price so that is why bitcoin is really good investment and we should keep believing in bitcoin that it will be higher especially on the price and also bitcoin brings a lot of opportunities to earn like trading either bitcoin or altcoin which is good for users who want to extend their source of income.

Bitcoin really brings the money, very good. I look forward to rising prices in the near future and the most important time to have time to make bets when the question to be or not to be bitcoin will become more serious.