I'm pretty sure that most of us, people that are always on the Internet, will become global minded in the new world instead of just staying inside our comfort zone and thinking locally. We would need bitcoins at that time to transact with people worldwide. But because the majority of people aren't ready for this, I think the currency in the next decade or so will still be dollars. People just love the USA and dollars so much.
Indeed. Bitcoin will remain in the future but I believe that it may take time to be legalized and consider it as a new world currency. First it should be introduced to each country and yeah there will be a lot of debate and discussions to attend to before it reaches its goal. For now, USD will still be the top world currency. We could dream of making bitcoin legalized but I am losing my hope to that as since we are making bitcoin increase its price, the government should have make the right move to legalize bitcoin as it has a great amount of money circulated online specifically in the crypto world, but seems I do not hear any news regarding that. |
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Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?
I think the government cannot compel us to pay the taxes, what is their focus is a legitimate business that accepts bitcoin. For example, a certain exchange sites which are making money regularly, if they are a legitimate business and they comply with the laws of the government they are required to pay the right taxes, but our fair share is by using their service they have already charge us on the exchange fees and transfer fees. |
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Hello All,
What you think is the best investment to gain steady income in btc without actively doing anything?
So no trading/gambling/loaning etc.
Steady income more likely to be 'small & secure' than 'big & risky'.
Thanks,
BR Oinas
I don't think that there's a easy money rather than working hard and putting it on a good and trending business. A business that deals with your passion and interest. But I'm still interesting ofcourse of a good income. Just reply if you know related to this ^^ You are the only person what interest you and what you passion is because if you will ask me, the most profitable way to make steady income is to find a stable job and work hard to remain in the company, life is a competition therefore you need to make yourself fit for the job regularly, that way you can have steady income. |
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Im just starting off on trading and i could say that we could actually start off trade on small amounts , dont intend to put directly huge amount because you would surely lose all of those money because trading isnt easy thing at all you would really need some knowledge and skills to be profitable with ti. It would really takes time but still it worth for your time and effort when you already mastered it.
Exactly, if someone does not already have any knowledge or experience in trading they should probably starting with smaller capitals to first get to know all the things of trading and once they learn the things and get some experience then they should start with bigger amounts. That's right if you do not have the knowledge and experience as beginner traders should start with a small the amount of first. Because the start of trading is learning, if the minimum the amount of it intended not to lose a lot if it fails. Because to be able to benefit in trade requires learning and it requires a process. If you have enough experience and knowledge might increase the amount of larger. And I can recommend you to start at yobit, they have a variety of coins to trade and the more coins you trade the more experience you will earn as every coins needs different actions to be successful. You can increase your skills when you pay attention with your failure. The rule here is, it does not matter how many times you fall but how many times you rise. |
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As flawed as the fiat is, bitcoin cannot replace what it does right now. Unless governments all over adopts bitcoin, which is highly unlikely to happen. And if by a small chance that happens, bitcoin as we know it would be a totally different thing.
Exactly, and the first thing would happen if it is adopted by a government would be the control, it is currently not in control of any authority and all of us are anonymous, but if the government of a country adopts it they would probably like to have control on the transactions or things the people doing in the country. although i think not in the near future. And there would be a lot of changes so that governments and powerful people can manipulate it. And people are already so used to using fiat i don't think it would be easy to make them believe in btc Well, if that's how positive you are then I would respect that. However, that would be hard to see it will happen. It's like betting the 99% of people by 1%. What I am talking is, we are just a small community where users are only estimated to be 1% of the total population, and how can be beat the 99% and replace them? |
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The more it is the higher the price is? You know this doesn't make any sense. The price is 100% down and will crash much lower than 0.5BTC. Just wait a few days/weeks
If you're going to buy now , it's a big mistake . If the price is dump hard , you'll be suffer with big losses and hard to recover it . I think it's just bait for buy this coin and leave the project . but let's see next update from ZEC. I already anticipated ZEC's value downfall if it hits the open market. I think it is way too expensive. Dunno what will happen to its investors right now after plummeting from hundred BTC per ZEC to around 7 BTC. And yup expect the value to continue going down. Maybe it stabilizes in few days but below 1 BTC for sure. Its already down to 1.25 BTC in poloniex. In just 2 days. The amount of available ZEC is rising exponentially. Lets wait and watch Lets pray for those who invested in that altcoin will not loose their money because this kind of sign entails that the altcoin is about to fall or may totally disappear from the market. I don't believe in buying all those altcoin because of issues like this which can make you loose so much money. I am very comfortable by investing only on bitcoins. just ever saw that someone ever bought this coin on rate about 2500 bitcoin which is actually terrible if he's realize that within a few days this coin just falling down into 0.75 bitcoin for the current rate now on poloniex,if he'd doing a mistake by suddenly pressing someone's ask on rate 2500 bitcoin,such a pain in the ass I think this investor who failed with ZEC will most likely trust XMR again, that is good as an XMR supporter because we are going to see another price pump when that happens. Surely XMR is more of a very good feature than any other altcoin if we talk of privacy and it will surely recover this year after the fall back of one popular altcoins. |
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Its really impossible for paper money would be gone because its being replaced by another crypto currency which is really impossible though. As you mentioned government can produce anytime fiat money if the demand arises because of population inflation.. The future of paper money is still strong and no one could able to replace it anytime soon.
The biggest reason of fiat not being replaced by bitcoin is that paper money is produceable, any government can print any amount of paper anytime they want, and bitcoins has just a limited amount which would probably not be able to fill the gape between these two. Actually we can also produce paper money of bitcoin, but the big question is would it be illegal or not? Of course it is illegal because the government only produce a legal tender to be use a currency of the people, and even it is unregulated, it is hard to attract the trust of the people. Well i don't think that is possible though. Bitcoin will most likely stay as crypto and if ever it will be accepted i think it would be more like a credit card use. Considering the challenges bitcoin would be facing, it's likely that the future would still belong to fiat We are living in different world and crypto world is a different world and we cannot merge the real world and the crypto world. Try to think of it, in the real world we have the government which make it centralized but in crypto no government at all and we have all the freedom to do with our bitcoin. |
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There is no way to predict a fall at price unless you have a big knowledge about an event that is going to happen.
If you think that you can predict the future then you dont even need bitcoin to be rich.
Don't invest what you cant afford losing..
There is a way if you see some symptoms that bitcoin will fall, just like if there is another hype coin and being preferred by most of the people then it would make them predict that the fall of bitcoin is near, because people are shifting into other coins. Just like what we are predicting with paypal, it is near to be dead because of bitcoin. There have been a lot of shit coins already (well, hype coins), so people will hardly prefer them to Bitcoin. It might have actually worked out with Litecoin if Litecoin had been like Ether in its time, but those times are long gone. And it seems that promising coins like the latter are eventually turning the path of self-destruction... The stage which Bitcoin has apparently passed through unscathed Getting the necessary information with the altcoins we are planning to invest will give us a heads up of the possible things that might happen in the future. There's no way we can predict the future as some shit coins might become legitimate in the future, it is just how the people will trust it and when you see more investors are getting to it, just ride with the flow. |
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addiction to gambling caused by the desire of self, then we must be careful to control them. as if out of control then the addiction will ruin our lives in the future.
Controlling is not an easy task, takes huge efforts and dedication in order to stop ourselves from doing it. Gambling is an addiction because we do it being overjoyed and when losing, we do it with sorrow, mixed emotions tbh. Thats the biggest problem there how emotions ruin our thinking and sometimes to think that we can bring back the money we lose which is wrong and whatever we do we cant unless we hit the jackpot then after that dont play gambling again impossible and posible things may happen it only depends how we handle it. Therefore, one of the most important things is to establish a plan - before the game starts. We need to establish a game strategy, and most important - how much money we spend on the game. If we stick to the plan, everything should be ok. That is correct there mate. If you have a plan and stick to it no matter what even if it means you are losing or winning, you must stop when you reach the planned goal to stop. That is really the challenge there - to have that discipline to stop when you get so entertain and much of excitement with the game. Having a right game plan will make us act like a professional in gambling, most of the gamblers are having the right discipline to stop when winning and or losing.It's more fun when we win but when we lose that is the real test that we need to overtime when in gambling, if we can do that then we might be successful in the future. |
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Not always but there would be certain times in which I wasn't able to sell off immediately (which I haven't regretted so far), and that was the last price increase to $300 in 2015 and after the said increase, price went back to $200-$225 and that could have helped me buy more coins after, but meh.
To avoid this kind of missing opportunities situations, we must make use of the order type 'limit orders'. Unfortunately most of the traders are unable to predict their future targets or they are very much uncertain till the how much profits they will be needing to wait. Once we enter a position, we must conclude target too. Otherwise there will be chances of many confusions and missing many opportunities, it's more on the right timing, anyone can have the right timing if you do have patience in trading. I don't think we can miss the right time to sell and buy if we do have the specific price that we are looking. I guess we need to have the right plan and must be specific with the amount and the estimated time. |
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Can you please elaborate what kinda illegal activities?
By the way BTC will never be banned. People loving BTC a lot. Its totally same as normal currency. So, it depends on people how shall they use the currency. We cant stop individually using BTC IN ILLEGAL ACTIVITIES.
No one can stop because bitcoin gives us freedom and more the way we use will determine if it is illegal or not but with bitcoin it can be use for different purpose both legal and illegal, that cannot be ban for sure as more people are getting the benefits of using bitcoin in legitimate transaction. |
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for last night, i only earn small amount at least in about 0.001btc by trading VIA, i expected to earn much but unfortunately i have to go to someplace so i can not continue trading. i lost my chance to earn more profit.
In my own view you did not loose anything because the place you attended is also for a purpose and that purpose might have helped you to either earn money or solve one problem or the other. Its not a loss at all. A profit is a profit regardless of what the amount is, if you can consistently make profit with trading even with small amount, I think it is good to go with another level and if you can provide a better capital then it would be better, just put in mind that you need to take bigger risk in order to make bigger amount of money. |
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It is very hard to control your temper but as soon as you do, you'll be able to have fun while gambling. So if you want to have fun and be entertained, you have to try your best to control yourself. If you don't, you can even destroy your life.
Well definitely it takes a lot of experience before we can control our temper and that means we need to spend before we learn. I believe one can do that and we are the only one who knows about it because we are gambling, it is just advisable to start with small amount of money when you gamble so you will not lose a considerable amount of money while learning. |
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As u can see many country's banks are adopting bitcoins in their transactions and I really feel banks will go down some day with just an app and websites.
Which is almost there already..
We cannot expect that each and every bank from different countries will start accepting bitcoins in future as Governments of certain countries will surely oppose bitcoins and won't support them as it can be a threat to their financial system and in that case banks will always keep on operating. I do not know if all banks will accept bitcoin in the end, but in my country the bank does not want to cooperate with bitcoin for several reasons. Perhaps the bank already has its own system that will be developed and accepted by many people. I think between the bank and the bitcoin very different so it can not work together, and bitcoin could not make disappear the bank because the bank has good strength. At this point in time, bitcoin is a good alternative for fiat money when in terms of financial transactions online and even other stuff like online gaming, trading altcoins, investing, and the like. Hence, it will not make banks disappears because it serves as a good alternative for people that want to use bitcoin. Well, obviously we need bank to transact or buy and sell bitcoins, that means bitcoin is not independent yet. As a user of bitcoin, I have a lot of good experience with it because it can give me benefits online to earn money but at the end of the day, it still goes down to bank when I cash out. |
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I think bitcoin can never help to the poor country while it can help to the poor people pf the world . because a man will use his mind to earn money with particular stretgy while the people pf whole country will not do the same , many of them will try to gamble and will loss their money .
The government has a big rule to make this bitcoin help the poor countries because they are one who will educate the poor people and when they accept this they would know the real benefits of using bitcoin. They will also get the benefits we are getting if they will be open minded for change. |
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Fiat can't be worthless, else the valuation that you will be getting for your bitcoins will be counted as worthless too...
If dollar crashes and the price is $10000, then just imagine whether your coins will actually be worth the price shown??? Won't they be counted devaluated with the devaluation in fiat???
Even if dollar crashes and the price of bitcoin is $10000 then you can still exchange them to other currencies and then use them, but even if the price of bitcoin reaches 50k it would still not be able to make fiat worthless and it will always be converted to fiat at the end. That's it, the value of bitcoin primarily rely on the world economics and we are using fiat as a way to measure the value of what we are holding. We should not think that it will replace fiat as that is far from happening or can be called as impossible to happen. |
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Definitely worth it for me because now the bitcoin's value is continuously rising and earning btc is very enjoying. It gives me extra income in my job so i have my own money to spend from earning btc. My whole salary is for my family and btc is for myself.
It is obviously worth for all those who are earning it in their free times and earning some extra income beside their day jobs, or for the ones who are not having any jobs and still earning money from bitcoin just like me, so it is the only hope for me for a better financial state as a student. We have our own satisfaction and we can make money from the slowest to the biggest amount of money depends on our capacity here. I think we are all here because we believe bitcoin is worth for us, and I believe bitcoin is money therefore it is obvious since we love money. |
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I just want to share one tip with you guys. Do NOT drink and gamble, ever. Especially at the live casinos, where drinking and gambling is common sight.
Alcohol will dull your sensed, slow your train of thought and make you sloppy and greedy. You will regret playing and drinking later.
You want to have drinking night out? Sure. But don't gamble.
ITs just commonsense though that we should not gamble if we are drunk because we re not on our mind and all of our decision are not correct maybe it afected by alcohol thats why we easily got lost because of that. You would surely regret later on when you realise that you dont have already money on your pocket. Unless if we only gamble to entertain our self. The risk of losing all your amounts are at most so if you just want to have fun all the way only bring the amount that you can afford to lose. Still best advice is not to do it for your own sake lol It's nice to gamble when we are drunk because it can be more entertaining if we are only using the amount of money for gambling purposes.. Especially if you are doing that in a physical casino, it could be more fun that good experience. When you are drunk for sure you have girls too.  |
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Even though I have not been through it, I believe it's not easy. But I think there are solutions... you have to look for a hobby or anything else that can redirect your focus to something more productive.
That's actually easy to say for us, but for a certain gambler they do not have the right mindset to quit gambling as early as possible since they are focus on gambling and winning only, they will only realize the moment they got broke. |
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Hey! guys i need your opinion and help because i didn't know about this trading thing i only know about how you can earn bitcoin by gambling but still my friend told me that gambling is not the way to earn bitcoin but if you try trading you will earn much profit why is that so guys? trading is better than bitcoin? how? why? where to find that trading thing?
It depends on the person on what they prefer and how they want to earn others go for gambling because it only takes a few clicks to make profit while on trading you need to be patient before you rake some profit. You could start trading your bitcoin to other coins on yobit. I tried trading when one of my friend always telling me about some coin but I didn't make any profit in my experience. Well, if you will ask me, my opinion is that there are more gamblers than serious traders. In gambling we can win more than 100% of our bankroll in a very faster way and we cannot do that in trading, and that is why more people are complaining about losing in gambling rather than in trading. |
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