So long story short, a friend owed me for a favor and since I did not have bitcoin before he asked If I would take it in BTC. I didn't mind since I can cash out whenever.
My question is.. what do you think? Its a decent chunk of money for me to just hope something keeps rising, do you think I should "let it ride" or cash out and just be happy with ~$500?
0.03 Btc is a pretty good amount especially for people who doesn't have much. And as your first btc, considering the value right now it can be considered as big. Imho, I think you should let it ride first and see where it goes until next year. You see, the value keeps rising again as of the moment and you might be surprised how the value can be doubled in just a matter of days. But if you're having doubts you can keep half of it or whichever amount will do for you and just leave a percentage that you can start growing in btc. Or might as well try buying other coins that is/are promising because there are handful of coins out there that are really making huge percentage of growth each day just like btc. |
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Join Form: [Signature campaign] Bitcointalk username: rb26 Account URL: https://bitcointalk.org/index.php?action=profile;u=1071057Rank: Full Member Starting post Count: 169 Date of Join: December 16, 2017 Bitcoin address: 3NTveUHTigf4PAV5CaG2d8jzr32KNtCQnd Day 16: Post count: 169 Day 17: Post count: 173 Day 18: Post count: 174 Day 19: Post count: 178 Day 20: Post count: 182 Day 21: Post count: Day 22: Post count:
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October 29, 2017 Bitcoin price ranges from $6,000 - $6,100 and today, bitcoin price is now $7,000. Are you surprise?
I think, if only those people who planning to invest in bitcoin manage to notice this sudden increase. I think there is a high chance that they will start investing.
Like everybody else I am truly surprised at first especially that in just a month the value have doubled. But if we think of it we shouldn't be surprised since this thing is bound to happen with btc. Now that more people are engaging in btc, we will be seeing more of this new heights. This week might not have any significant increase of value but let's give it a time and who knows we might see another double increase in another month. It will be really hard to purchase btc by then so we better keep our current btc and prepare to be more amazed and excited! |
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From recent news in India it is heard that bitcoins are used to sell drugs..I know its a currency and it is also used as a normal money... but these can create a bad space in people's mind that bitcoins are used to sell drugs..so they will not use bitcoins... Conclusion is that BTC is also a currency which is having a high value in the market..and bitcoins must not be used in these illegal activity which can reduce its usage and value.
Bitcoin have been used in different kinds of illegal activities and yes, it involved illegal drugs. But I want to stress out that being used as mode of payment for illegal activities does not mean that the usage and value will be reduced. As we know, fiat currencies were used in illegal trades before any other types of currency was developed (such as btc). But I don't see dollars, euro, etc. reduced its value just because it was used as payment to buy drugs. We cannot control how people use BTC the same way we cannot control how cash are being used. It's upon us to decide how are we gonna spend our money and/or btc. |
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First it was HODL - Hold on for Dear Life
Now it is FOMO - Fear Of Missing Out
Are people acting on emotion rather than logic?
I'm afraid that it's true at some point. More people right are trying to get themselves some bitcoins because it is the current trend. It's like when you are in school and someone famous in your class purchased a new pair of shoes so everybody else bought the same shoes for them to look cool. It's saddening but it's true that people who are new in btc right now are just like that. They heard that it's new and is about to go mainstream that's why they bought some so that when someone they know are talking about it they can say that they too have btc even without any knowledge about it. And those very people will be the weakness of this community because they will be the first ones to dump btc when something bad happen especially some corrections which for some of us are normal. I hope they will be enlightened and see the real purpose and value of btc in the future and not act emotionally. |
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Cars were considered as one of the dangerous invention when it was first invented.
Many used to think that internet is just for computer gigs and not for common people in past.
People used to only shop with paper cash and they used to worry about getting their bank account or credit card hacked and still many people from developing countries think like that.
Bitcoin is still in primitive stage like all of the above invention so people are just afraid of bitcoin or whole crypto thing, but sooner or later crypto will revolutionize the way we make financial transaction and how we send money across the globe.
I agree with you that bitcoin is still young and have a long way to go in the future. Right now, the world is changing at a fast pace and technology have a huge role on this. More things were developed for a faster and efficient ways we can imagine. And if we take a closer look almost everything in our present lives are now developed with the help of technology. We can consider cryptocurrency as one of those things and right now we are still somewhere on the denial stage and yet to come to the acceptance stage. Just like all those things you've mentioned, time will come for the cryptocurrency as a whole to be fully accepted by everyone. |
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I just came over from the 'Investor Games' subforum (hope I got that right). A guy there said he came across a site asking to double his bitcoin, he paid in $20 and got $40 the following day or so. He then went for a higher plan of $300 hoping to cash out $600 but they asked him to pay in another $300 before cashing out. He got confused and was asking for advice.
I think I've been there before. Before I became a forum member. I once came across one of those scam sites promising to generate bitcoins. Thought it was real, but when they asked me to pay some transaction fee, I was stuck. I had no money to pay the fee. With the benefit of hindsight, I know I'd have sent them the 'transaction fee' had I had the coins to send them.
Now, what have been your experience with internet scams?
How do we help people not to get scammed?
That's the sad thing about the internet and btc; being used to scam other people. Although we cannot do anything to stop those wrongdoings, we can't really blame those criminals behind the scams. We are the ones who gave them opportunities to scam us by being greedy and that's what they are taking advantage of. I guess people are naturally greedy but to some extent. We all want easy money and will do everything to get rich. Personally, I've tried those hyip sites just for fun. At first, I got 200% profit from the first site I've tried. Then my greediness got the better of me and I started investing in different sites I even lost count of them. I'm not that much of a risk taker so even if I was driven by greed, I always keep in mind to invest an amount I can afford to lose in every site. At first I was happy with what I am earning but the odds aren't always on my side and to cut the story short, I got scammed by various sites. But I don't have any regrets left in me now since I always knew how risky hyip sites are and that they have lifespan of usually not more than a month. Right now, I took a break from investing in those sites and is now focus on hunting great ICOs to invest in. |
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Based on the projection that it can go as high as $40,000 next year, we can conclude that $10,000 is still cheap and that there is still a big room to grow for Bitcoin. However, we all know that corrections can possibly happen anytime soon. At this rate, are you still buying Bitcoin or would you still recommend to folks you know to get into Bitcoin?
There really is huge room for bitcoin growth and we haven't seen its full potential yet. And if you look at it now $10K is really cheap and if you bought (I hope you did) you already have made a really great profit! And yes, after reaching more ATH at a fast pace we are now waiting for some corrections and I think it already happened after btc reached around $18K to $19K in some exchanges it went back to as low as $13K and immediately went back a little over $15K. There's no harm in buying in now even if for example the price is at 20K because as you've said that it can go as high as 40K next year. Just recently I have a friend whom I talked btc to 3 months ago. She set aside btc since she was busy working and have no time to study it but when I talked to her again and told her all the latest news about btc she immediately went to see me after her work and decided that it might be the right time for her to take it seriously. Although she's a bit late I still encouraged her to try it and make for the time she lost not believing it earlier. I couldn't blame her for her reluctance since I was exactly just like her when I started btc as it also took me months before I gave it a try. |
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Can Bitcoin be ban?
Well, in a country the government can ban the use of Bitcoin but the effect will be limited since they cannot completely ban their citizens from using it. The ban will just reach the local exchanges but the thing is people can still buy btc outside their country. So technically, it cannot be banned since it is decentralized and no government can have control over btc. The best approach for them is to regulate it through the exchanges instead of banning their people from using it since they cannot stop them either way. |
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Most people I know have been cashing out to let the new money in and take the coming hard fall. The amount of coins getting ready to fall on the market is going to collapse the market. People have been dumping slowly trying to prevent killing the rise as the market has been burning up. The major dumps will be next week. People will be dropping thousands and thousands at a time hoping the surge holds until they get out. Several Zionist Occupied Governments are sitting on millions of seized coins as well that they will soon monetize.
Dec2016 base to return to $4k, this is a good wash-out of the speculators, and should send off most of the day-traders packing permanently forever.
BTC will still go to $1 Million USD to but the PTB want to wash-out the idiots.
Although this is possible to happen it will be nice if you have some solid evidences wouldn't you think, mate? Statement like this is quite serious and can cause panic among others especially to the newbies who are yet to explore btc. If your intention is not good and you're only posting this to cause chaos then maybe you shouldn't do such things and have some consideration to those who are yet to establish themselves in engaging into btc. We all once started as fools who know nothing about cryptocurrencies so we should at least be considerate and help those who are new in here instead of trying to scare them away and strip them of the chances they can have to earn in btc. |
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Join Form: Signature campaign Bitcointalk username: rb26 Account URL: https://bitcointalk.org/index.php?action=profile;u=1071057Rank: Full Member Starting post Count: 157 Date of Join: December 10, 2017 Bitcoin address: 3NTveUHTigf4PAV5CaG2d8jzr32KNtCQnd Edit:Day 1: Post Count : 159 Day 2: Post Count : 161 Day 3: Post Count : 162 Day 4: Post Count : 163 Day 5: Post Count : 168 Day 6: Post Count :
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... what would you do now?  This is why it's not always good to have credit between friends as it may cause some conflicts or worst may end the friendship. But seriously, why should it last a year before settling it? Anyway, if my friend owes me 0.1 btc I think the decision will be based on the agreement beforehand, that is if we had one. But if none, maybe we can talk it over a coffee and come up on a win-win situation. And of course I will still consider his situation if he is capable to pay back the same btc amount or maybe I'll just ask the last year's equivalent of how much he owes me. But if a year really passed by, maybe that 0.1 was nothing to me so if there's no chance I can get it back then that's life. We will still be friends but I don't think I can be able to lend him again, haha! |
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It depends on how will you use your bitcoins. If you want to buy bitcoins to hold it and wait for years to pass and expects that its price will come up, then it is an asset for you. If you are using bitcoin to buy things online or transacting uour business with the use of bitcoin for payments, then it is currency. |
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the $8000 was finally broken for the second time now and we are officially on the big ass rise now. but this rise has left behind lots of wounded people who forgot to listen to advice of "buy in the dip" and were left behind. right now so many of them are creating new accounts saying how bitcoin is going to crash and how it is all a bubble that it is starting to make me laugh  anyways, enjoy the ride. see you at $10k Oh yeah! We're definitely on a big rise and it's just a matter of time before we hit 10k next month! At first I was bothered during the past weeks during the attack. Bit then I firmly believe in btc that I held on and keep my faith. And look where we are now, starting to skyrocket again for another ath. |
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If none of us spend our bitcoin it's price will get stuck and will go down as miners get fresh bitcoins everyday. So we really need to spend it, but wisely. So investors will see that bitcoin is actively growing.
Yes that's right. And bitcoin should really be circulating in the market for it to have higher price and not be stagnant sleeping in owner's wallet. It's not bad to keep the coins as long as you can as it will contribute to the scarcity that will lead to the increase of value. But we have to at least balance the commumity here and that means as some are keeping, some should also be spending for us to have a balanced nature. |
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It depends on how will you use bitcoin. If the bitcoin owner use it in a way that he/she is obstructing the existing laws in their country, then it will considered as illegal. But the bitcoin itself cannot be considered as illegal because it has no direct effect the user to act as a criminal or a bad effect to him/her that can cause death or any other irregularities to someone.
But it is still on their government if they will tag bitcoin as a thing that can affect their lives and be considered as illegal.
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Personally, I would love this. It would be amazing if an employer gave the option to pay wages in crypto currencies, of the employee's choice. Tax could be deducted before the payment, and it would almost eradicate the need for banks. However, there is that possible risk of the crypto crashing.
Is there a foolproof way to be paid in crypto?
I don't think this is as an easy idea in labor wages because your salary is based on the contract that you have both agreed with the amount. Bitcoin is decentralized and has a fluctuating price value every now and then, so many employers will not support if you want a fixed amount of bitcoin for your salary. It maybe possible if you both agreed that you want bitcoin as salary but only with the equivalent current value of bitcoin. Which means your wage will be in bitcoin but has no fixed amount every payday. |
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BTCBTCBTCBTCBTCBTCBTC I think it is not bitcoin that people fear of, but those people who uses bitcoin in criminality. They don't want to be a victim of those scammers that uses the new technology and the internet that is why it is very hard for them to accept bitcoin. They are afraid to invest in bitcoin because they think it is very risky. So you cannot easily bring them to business but it is still possible. I think they need proof of profits form bitcoin so you should show them your money gained from bitcoin. |
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Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.
Bitcoin as payment is already been in use today. The bitcoin payment is being sent to the address of the person or company you are transacting with. It is used now for monthly bills, prepaid card loads, etc. This is way more convenient than using credit cards. I think if most company use this process, maybe someday we don't need POS or cashiers. |
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Hey everyone
I was mining just for fun when in 2013/14 mining with a gpu was still viable. Since that day im wondering if it is too late to get involved in bitcoin even though I stopped thinking about it for a few years since I was about 15 years old with different things on my mind. Just recently I began wondering again: Is it too late to get involved in bitcoin? After the price blew up in 2014 I asked me the same thing and thought the hype is over and I am just too late. Even if bitcoin is a bubble and each bitcoin is overvalued who can safely tell when the bubble is going to pop if it ever will? I just think this is an awesome project with an equally awesome community despite the weird things in the altcoin section that tend to become more and more popular due to "weird" people picking up on the bitcoin hype caused by media and the increased internet awareness. Im talking about projects like "bigboobscoin" which is topped by some emojis in the title. Since I came along this project I want to own one of the 21M bitcoins to ever be created. In addition bitcoin has something magical to it which I cant put in words but the fact that satoshi never got identified gives me this feeling of a revolution of currency with the right intension. He never pulled out his round about 1 million btc. Well who knows maybe Satoshi is dead by now and his btc will never be touched. Bitcoin came out of the mind of a genious and is so much more worth than only "going to the moon".
Im just wondering if bitcoin and its community still got the same spirit or have the weird people and rich investors overtaken to ruin this project by treating it like a pump and dump shitcoin without a soul?
I hope my english is good enough to make you understand my thoughts and feelings.
Have a nice day.
I think it will never be too late for this cryptocurrencies specially bitcoin. Maybe you should not be lookibg for the current status of those people who pioneers in bitcoin rather than focus on the profits and benefits that they have by using bitcoin. It is a good motivation for those newbies who also hoping for that bitcoin can give them a bright future. Never envy anybody of what they have made, but make your own. |
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