I would trust it. It's the first that came here and the unique idea. Now there are lots of Altcoins but Bitcoin will always be the best.
All Bitcointalk users trust Bitcoin, otherwise we won't be here to follow the last news and discussions about Bitcoin and other cryptocurrencies, some members mentioned the security cases which caused Bitcoin price crash in many times, this is the biggest challenge for Bitcoin now. It's not always going to crash or rise, though, so i would actually say no if you want to store your money in bitcoin. Although other currencies also fluctuate daily, bitcoin is more volatile and is less suitable for storing money long term. HODLing isn't the best investment in the world, either. Although everything in internet can be hacked. But it still so litle chane to be hacked. And I think bitcoin wallet was prepare a security siystem that resistance against hacker. So I think it is thrusted enough to put your money in bitcoin. And I agree that holding money in bitcoin is good investment. I think if you use a lot of security systems in the your bitcoin wallet that your bitcoin ytou save will be safe, bitcoin already provides a secure system for their users |
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Generally, Chinese and far east people use bitcoin. On the other hand, people who want to transfer money illegally to Europe and Usa , use bitcoin too.
I think whoever you are and when you store or use bitcoin bitcoin for any purpose whatsoever, you are bitcoin user, do not need a lot of requirements to be user bitcoin |
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Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
May be if everyone use bitcoin to their make ends meet, there happens income increases so there will be equitable distribution of income for the country's prosperity In poor countries, people don't even have what to eat. How would they be able to ever use Bitcoin? They need Internet, electricity, a smartphone and basic computing knowledge to be able to use Bitcoin, and they don't even have a bread to eat in a day. How would we possibly help them?! It is clear that in a poor country people should have the basic things of life and above all normal diet. That's just not all people want to work in order to have this piece of bread on the table. I think everyone has one thing that should be able to eat and be rich is money, I think with the country's bitcoin people can earn money and help the country bitcoin |
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in my opinion if any person want to do illegal activity then he can make use of everything ( fiat or virtual money or gold also ).
so we can't say it is a type of things which increases the illegal activities .
One of the reasons people use bitcoin is because its online, if you want to use gold you will need to have a physical meeting which is what they are trying to avoid. I don't know why bitcoin is often compared with gold,Both are different.Bitcoin is a currency while gold a metal.It is like comparing oranges with apple I think not in all places, bitcoin will be compared with gold, for example in this section, bitcoin certainly not compared to gold as a currency is illegal? because gold is not a currency |
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Well, bitcoin is without a doubt an international currency since it can be used anywhere in the world you can move it around freely without worrying about national borders and is an extremely liquid currency, so I think it fits the definition.
I think so, wherever you are, in any country you are in, if they accept bitcoin or any internet connection in this place, then you can use bitcoin |
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it is not possible to earn a huge amount of money with bitcoin unless and until you have invested in mining or invested in purchasing coins for trading other than that i don't think there is a short cut to get rich with bitcoins
I think as for methods that you do could make you rich if you're willing to work hard, even though you use the faucet could be rich if you're willing to try work hard |
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after the price of Bitcoin has started to grow so fast, I certainly choose Bitcoin. It seems to me that it more promising than gold. I'm not talking about the long term. But maybe in the long run it's better
yeah i think bitcoin is more promising than gold I think. because the price of bitcoin is faster moving and it will make you faster extremely profitable |
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It depends on the situation... If you find a good investment, knowing it and the risks involved, it may be a good idea. But sometimes the best thing to do is to keep the savings until a better opportunity arises.
I think it would be better if you use both at the same time it will not be a problem, would be a problem if you only use the investment and do not save money |
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I'm good as i can save some bucks to buy when i crave for food that i want. I can also save money for long term to buy a new gadget for myself. It's really hard to manage money because you have many things first to manage your money wisely.
I think we need to know where the needs and desires, you should be able to limit the costs you spend on what you want, I know it will be difficult but if you can manage it, you can become rich |
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Edmonton Oilers 2 @ 4 Vancouver Canucks
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Always a good idea to invest your bitcoins it is always better than just hold your bitcoins and that is nice bcuase i like to use bitcoins as investment and also other things but bitcoins are making nice profits.
hold bitcoin will not regenerate, while the hold will provide additional bitcoin, I would prefer an investment than doing holding #imo |
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if bitcoin was banned there would be a huge negative impact on the price for sure it wouldnt even matter if some of the people would still use it everyone would dump their all bitcoins to get rid of it and take out as much money as possible so lets hope this thing will not ever happen.
I think it would not give much of an effect, you know that today there are several countries that have banned bitcoin, and it does not give a bad effect on bitcoin, you can see it? |
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I keep some bitcoin on paper wallets. Some bitcoin I keep on an exchange to use for trading but I don't keep the majority of it on an exchange for security reasons.
yeah you can see a lot of events before that some exchange site to be a scam and you should be careful in using the funds in exchange, do not keep too long in the exchange |
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I thought to live in the world, you must have a job that gives you a fixed income, to pay for daily necessities, while trade does not give a fixed income?
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If you pay fee relevant to your transaction size, then I don't think there is any reason for it not to go through and confirm.
Pay the least fee as recommended, even BTC0.0001 would do (BTC0.0002 is the current normal fee).
yeah i think the speed of the transaction will depend on the confirmation of the fee you spend if you use only 0.0001 BTC, I think you will not get high-speed transactions? |
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Personally, I expect that the price of Bitcoin has risen to $ 1,000)) then empty again lowered to $ 100 to buy could
honestly I also agree with you, I think many people would prefer to see prices up rather than see prices fall sharply bitcoin? |
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Like other said its profitable but for now i see that the price is high so i think this is not a right time to sell or exchange your savings into bitcoin better to wait more days to see if the price will goes down before you can exchange it into bitcoin so that you can make more profit once the price will increase again..
I think just because of the high prices. does not mean you should not buy bitcoin. because it is possible that prices continue to rise even if the price has been high. so get rid of it and buy bitcoin feeling now to a profit |
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They probably buy the initial capital from somewhere like how we do when we are willing to start a business investing bitcoins in it, and when they are done with that and they started their exchange, they just earn bitcoins from the fees of transactions and trades, like in yobit they charge you 0.2% from every trade you make, and also they charge some fees on withdrawals as well, so that is how they earn their bitcoins.
yeah exchange sites get revenue from trading fees that users do, but is it possible exchange sites get paid when a altcoin included in the list of their trading sites? |
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I now have a lot of altcoins I've invested that I store on exchange sites and I guess I can just convert them to btc and then to fiat if I really will need to money desperately. but as of now I'll just keep it there as I'm going to wait for their value to go up.
what if you do not have any savings or deposit money backup when you need money? how do you get out of this problem. if you have nothing and you need the money right now ? |
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I need to work for my income in bitcoins, and more I work or more luck I have, more monthly profit will be. I didn't find alternative way of making money, passive income require investment in some service, or bank, stocks. I'm simply not ready to get in some business like that one, I don't have enough knowledge and I have limited amount of money.
I think you do not need a lot of knowledge and skills to earn passive income simply because there are many methods of passive income, such as getting a referral faucet? |
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