Well, one should always have three to six months worth of monthly expenses saved up to be safe. After that is accomplished, it's a good idea to start investing into some sort of long term retirement plan. But, all of this is dependent upon one's economic situation and their ability to maintain a living wage....it will be a different situation for different income brackets.
Saving should only be priorities over investing, our capability will be test if we will be able to save or not. Investing is something an opportunity that we need to consider although it is risky as it takes money to make money, however if money is important to us we shall be making the right research. Investing our money is risky but all we know that for getting success it is important that we take any risk which will give us success if a person will not like to take the risk then he will not be a successful person in the future and his life will spend as a dull life without any struggle. Still, many people are choosing not to invest anywhere by considering risks. Well, you cannot force them to do what they do not like. There are two types of people in this world, they are the risk takers and the none risk takers. We know most of the successful rich people are the risk takers because they have go out of their comfort zone and try to reach their dreams. So if you want to be rich, are you gonna risk to invest or not? |
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is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
Can transactions be seeded up to save customers time or any other way to use bitcoin at local stores.
Maybe the best way to avoid this kind of situation is by converting your bitcoin to fiat. Yes I know the fact that you want to pay bitcoin because you want the benefit of going wireless and not have to carry a thick wallet in your pants but unless bitcoin's transaction are faster then we must resort to Fiat as of the moment as were not the one customer they have. Actually, you don't have to wait for the confirmation obthe transaction when accepting bitcoin aa payment. Maybe stores should get the transaction details of that then later they will check what is the status of the transaction right ? And yes its true. It is much faster to a transaction to be confirmed when it is converted first to fiat before you transfer it to another person. Stores can adjust when they are already accepting bitcoin, the transaction time is not new to us anymore as sometimes it's fast and sometimes it's not. What matters to me is that when I see a transaction online even unconfirmed, it will already give me a feeling of confidence that in due time I will be able to receive bitcoins. |
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Today NBA Season is very difficult to predict. Only Cleveland Cavalier for me is the team easy to predict. Like they will be the championship this 2016-17 NBA Season  Does your prediction includes the idea of injuries? Because the Cavaliers has a lot of injury prone players, and one injured player could mean a difference whether you win or lose in a game, just like what happened to them during the Finals of 14-15 when both Kevin Love and Kyrie Irving were out due to injury Lebron has to carry all the team on his back. Well a team's success really depends on the players and teamwork. well I semi agree lol. I think the only thing you can predict is the Cavs will beat the East and make it in the Finals. I'm still not willing to give up on the warriors just yet. Well, if you will ask me, I would put more money on the cavaliers to win in the east.. They have improve this year and they have a good record at the start of the season, (2-0) is a good start for king James and I believe it's free money as the journey is very easy for them. |
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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
Passive earnings without investment impossible, I think so. All assets require investment. Without attachments with taps to collect, but it is long and on the penny. Yes, of course, that mine is easier than collecting manually, because one must have an iron patience. In business, it takes money to make money, therefore it is just right to invest money in the beginning, and maybe if you can do you will not put money and you earn then I have to salute you for that as you are amazing and an exceptional person.. |
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Trading is not that easy buddy cos have seen a lot of altcoin vanish out of the blue which make people that invest on it loose their investment and my advise is that you go for altcoin that exist for a long run and do invest wise
That's given in the beginning trading would be tough enough but upon on keep on trading and you are doing some research and reading some speculations and predictions for the alt coins that might give you good profit. In the end, you can be a professional trader on your title. Unless you really don't help yourself to grow up. Everyone starts from scratch and we are just making our way to succeed because we learn from our mistakes, and I think as a person who aims for the money, our way should fit to our needs. If we want consistent income then it is just right and proper that we do consistent and continuous study to improve our skills. And for those people who can make trading as their personal source of income they can just start any amount and at first falling into mistake is just normal. But upon learning that mistake it could to make you a good trader and there are some people who are fitting and meeting all their needs because of trading. Most of us fails at the start so it is just advisable to use a small amount to try our capability to earn, and as serious trader we have to treat this one as a business and we have to tract our performance to determine if we are improving or not. |
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When trading What Matters More Skills or Luck?
skill should be more efficient when it comes in trading. you should be skilled to know when to invest and when to not. buying bitcoins is just easy as buying a goods in a store. but selling it in a higher price takes time when you want to profit large amount. patience is a virtue. bitcoins can be earn when you wait. no one can absolutely predict the future ,to know the right time to buy or sell as you stated above you need analyzation skill indeed,but analyzation could possibly miss and you will end up losing your funds,and if you have luckyness,you're not going to miss Yes absolutely no one can predict exactly. But in trading expertise needed to predictions also saw the potential of rising and falling prices. That affect the success or failure was in the act of patience and luck. Maybe between skill and luck is needed in trade. That's why we are betting on our prediction here as no one knows what the outcome will be, otherwise a person who knows the outcome will be rich already and I want to be that person however it's impossible. Our only chance to make money here is when we can make correct prediction most of the time and that requires skills more than luck. |
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can i ask a question sir? what escrow stands for? thanks. i really dont know what escrow is
Escrow stands a middleman in a certain transaction between two parties. Since they are so called middleman when both parties are dealing with a transaction, they must be trusted. For a much simply explanation, here is some basic example: Person A selling a product , Person B wants the product. Since no such thing as instant exchange they need to use escrow services to make the transaction deal quite safe. Person B will give the money to the escrow and after that Person A will give the item to buyer. After Person B confirms that all are smooth then the escrow can now give the amount that Person B handed to him. That's a basic information everyone should know as we are here in the crypto world where you cannot trust your transacting party so you need a more trusted person here although you do not know him/her personally. If you doubt you can also go to a escrow business like a legitimate company. |
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After the price of Bitcoin has risen dramatically, I believe in Bitcoin more. This is an amazing and wonderful phenomenon object of investment
I am not just believing because of bitcoins rise, even though bitcoin fell I am still believing from it alone. And that is making me more believe bitcoin as what is happening with bitcoins price today, I would love to say that it is really worth it if we will believe to bitcoins. Because a lot of things can make your life change by it. In my point of view, i like what would happen with bitcoin even though bitcoin down the price or increase the price. Because from it active fluctuations of bitcoin i can take some profit from doing trading. Moreover when i bought bitcoin on low price and then few days later the price increased 5 untill 8 percent.. it is very good i glad to see it and i sold my balance to get a profit. That's why we are here, most of us are benefiting of the price fluctuation of bitcoin and it is just fair to believe on something we are doing regularly. I am here for many years now and honest, it was a pleasant stay here despite of sometimes there are tough times in my journey in the crypto world. |
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I don't think so that gambling can be profitable in long term when you are playing with your own money. You need to have a sharp luck to win most of the best whether it is sports betting or usual casino games to be with some profit in the end. House edge is designed to be in profitable so chances are very low with exception of very limited people to be in profit in long term.
Very unlikely that you are not going to use your own money in gambling... You won't be satisfied with your win if it is all just came from a faucet... Also, not all gambling sites has faucet, so you still need to deposit a fund, and you know what will happen next when you are not lucky...  It's best to stay away from gambling than expect to win in it and wait thinking that there is something at the end of the rope... Not using your real money will not improve your skills as a gambler because you will not feel the risk in gambling not using your own money. I have tried that and it does not give excitement at all so it's really good to take care our own money as we are like operating a business of our own. |
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For the 3% gambling guys here putting all their money into bitcoin might seem to be good idea but i prefer to invest in less risky manner. Bitcoin market isn't the most stable, all know that. And finally we have pay our bills with other currencies still I'll invest larger amount in bitcoin if i have larger income. Thats the strategy for now Even if you have higher income its always good to put only certain percentage of your income in bitcoins as you never know what will happen to bitcoin in future and if price falls then it will give you big loss. Completely agree with you. There must be calculated risk because of the nature of btc. sometimes bitcoin geeks will not going to think about that,they're putting their wealth on bitcoin for pleasure,and it's seems like a gambling indeed but if they like it then we can't do anything,only spent what you can afford and thinking twice before doing for a wise decision They can do that as they are willing to invest on there skills, by investing in themselves they can trade bitcoin which will give them consistent income and they can even make that in a daily basis. That's why day traders are here and they are getting richer because of their passion. |
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It's because of the big profit you get when you win. And when you lose you want to make that money back by betting more than the amount you lost to recover it. It's a vicious cycle unfortunately.
That's what we get when we are too greedy in gambling, if we cannot accept our loses most likely we can make a bad decision like chasing bets and when we do that, it gives us a big problem as we are already playing with rage and we cannot think clearly to carry our mission in gambling. |
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No I'm not rich at all due to the fact that gambling is for the enjoying I never gambled to get rich.
In fact I also do not think that getting rich from it is possible.
It is still possible to get rich from it but it is so small chance for it. Look at the winners of Lotto, they still win right and get rich, but that kind of winning is full of luck and the person who won is very lucky. But at least I still made my point here that even for a very very small chance, you can still become rich from gambling taking into account the luck that you must have. Exactly, but still we dream to be rich in gambling and somehow we are still finding ways to make money in gambling. Maybe we have a warrior's attitude that it does not matter how many times we fall but how many times we rise is more important. And it is not foolishness although we lose but we can still let go of it. |
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it can be happen if government accept bitcoin in their country and i think global can accept it as well because bitcoin has high value than a us dollars and much profitable. The sole reason why you think that bitcoin is so profitable is because you're getting paid in bitcoins. If you're getting paid in Euros, you'd say that euro is more profitable, right? There are other things that you can do in the real world and I think fiat actually pays more than bitcoins. You get paid for 10$-15$ per hour in your day job while in bitcoins, you only get paid a couple of dollars per day. Globally, people can receive and send bitcoins. Not sure why did you even have to mention that. You are free to use it and the government can never change that fact. Not all of us here are working for money, most of us are trading or investing to make money, and we can say that bitcoin is profitable not because it is the type of currency that we receive but it is giving us more opportunity to make money online. With bitcoin we are connected since we are only using one currency. |
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So guys, after 2 years of trading i am going to stop. (unless i have full time to trade, which i currently don't)
I have calculated all my trades on the various platforms i have used in the last couple years.
Deposited: 47BTC (roughly)
Withdrew: 40BTC (roughly)
Overall i am happy with the results, i would pay 7 BTC anyday for what i have learned so far.
Now the question is: what the fuck do i do now with my money.
Lol it you lose doesn't mean you need to quit in every time NO = next opportunity don't lose faith and hope everything will be alright if you are going to quit that early you will not complete what you dreamed for don't mind if you lose or make you profit the positive side will make you rich someday and for that mistake you will learned something. Not necessarily as you might learn from your mistakes, but it ain't always good to just try and try and takes a lot of courage to leave it... Losing 7 BTC and then stopping is still a good decision because just think, what if he would have gone into complete loss??? Quitting is something we have to do when the situation does not favor us anymore, a real warrior also know when you retreat because it is just considered like we are fighting in a losing battle. The decision of the OP is just wise to stop while the loses are not yet too big. He can still recover if he will venture with another investment for sure. |
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Gambling can be considered as wrong but it also depends on your religion and how you are doing it what people already said.
If you enjoy it its not wrong but if you are doing it for the money its very very wrong!
Even though you are enjoying doing gambling, still it is wrong if it does have a bad effects on your living especially on your financial stability. It can only consider to be not wrong to do, if you make a control of your self actions, the amount you bet, and the time you spent on it ( should not affect social responsibility especially with the ones who have a family) Only play with control of your self, and only bet what you can afford to lose and does not affect you financial status. It cannot be called that you are enjoying if you are ruining your life because you cannot afford to lose what you are betting. This is fun but only up to the amount that is intended for entertainment. Some people are telling that gambling is wrong because they do not treat gambling that way it should be done. |
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Our behavior is the biggest problem and it depend on our expectation what we want to win from gambling, people get greedy when they start winning with gambling and i think it is really hard to make stop ourself in that kind of condition and it is very long period to give up it, that is why gambling creating a lot of problem in our daily life.
And yes it all happen only when you don't have a control over your self and control over your tolerance in your bet amount, that is why when we win we should put some amount to safety and some of it to gambling but that does not mean that we should spend all of our winnings back into gambling. I believed that another thing that keeps people hold unto gambling are the hope of getting back the sum of the money that they had lose in gambling. And by that it makes them addicted to it continue hoping those bitcoins to win it back. You can only tell you are winning when you are positive the time you fully quit in gambling, what happen is we have temporary win because there are times that we are lucky also, but that luck is just for one time as the next time we gamble we still lose. We are all subject to losing in the long run. |
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Yes of course I do consider trading as gambling. You have the same risk to lose all of your money with trading so it's a similar thing.
Logically is not.If it is,then share market,gold investment,real estate investment or any other form of investment supporting demand/supply paradigm should be considered as gambling.Makes sense ? Gambling is directly proportional to luck,no one controls your luck (not provable fairness actually controls).On the other hand,trading is totally dependent on the market prices .You cannot create a scarcity in the market unless you're President of America.I don't think trading projects any form of gambling.It has been carried out since day 1 of the globalization and always will.Little do you know that bitcoin contributes to only a small part of it. Yes gambling is purely based on luck and no one predict this when we get luck. Some times we plan to stop betting because of continuous loss but in that time our luck will work and we start to win our betting. So in both trading and gambling we need luck and both are same. Both have same risk. Not all gambling games are based on luck, some of it are also a skill based like card games on an online casinos out there, take into account the card game poker, wherein you need a good thinking to win the game, and a small part of that game is only affected by the luck that you just had said. Luck based games are the ones like the dice game, roulette, or slots, wherein you don't have a control of the result even for a small part of the game. That's true, there are games also that is based on skills and we have a good chance to win in the long run if we have the skills and it would be easy for us to consider gambling as a way to earn a living. It we are good, it can be similar to trading as well, so we need to work to be successful. |
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Exactly, mining will be eventualy stopped when the final quantity of Bitcoins will be reached. But by that time the number of Bitcoin users will be very much increased so the demand for the coins will be huge. That will also affect the price which will also be significantly increased.
So, no, Bitcoin is not destroyed.
But that will happen too far from now, but yes that is going to be the result when there's no more halving that will happen. But that is not going to make the bitcoins destroyed as you said, this is going to be the better thing for us as the bitcoin will be no more supply in the chain and lucky people who will have it eventually. That simply boils down to one thing.. INVEST!!!!!!!! Never wait for the time that bitcoin will be expensive and your earning potential will be lowered. Now is the only time to buy bitcoin so we should not hesitate on that,, I am right all the while that this halving has brought good success like what happen to bitcoin now.. |
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Yes that possible if you have enough capital to trade in bitcoin buy now and wait that time to reach the price you desire. But if you want a profit while waiting the bitcoin price rise do trading in alt. Many altcoins have a potential to goes up so trade in alt to get a profit for you to grow your bitcoin.
I agree with your opinion and with trading altcoins or bitcoins to fiat there is possible to growing our bitcoins up to 1000 BTC if we can make profit consistently from trading although it will become difficult until happening and need a lot of time. I also agree but who's ask this thread, he is also know about it that if anyone have enough capital than no problem to make 1000 bitcoins even more it. But i think in this thread the point is that how we can earn a big amount from use the letter amount. So in my point of view, it is impossible to earn 1000 bitcoin with a letter capital and If anyone have big capital so he has no need to ask us. Right, because if anyone have already enough capital, than why he choice trading, better is that hold it and wait for price increasing, only buy the 100 bitcoins and no need to invest and also no need to do trading, only holding is best for bitcoin wise. If i have 100 bitcoins than definitely i will prefer to hold bitcoins, because its price automatically increasing and it is a simple way to make money. Actually if you are good in trading you can make more money than holding your bitcoin for a long period of time. In being a day trader, you have a chance to earn big money even on a daily basis and for me that 100 BTC is quite good enough to make at least 1 BTC a day.. Again, that is only if you are good in trading.. |
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It's better to have more options, not just one. If you fail with Bitcoin, you gotta have backup options. Not to mention that having a lot of money in one account is very risky and the target for hackers and scammers. Be careful about that and find more opportunities, not just one.
Agreed, also it is not a good way for a good business, to take a high risk without know can make money or not, and also as you said many hackers and scammers are here to scam us, So Now in this case, only invest that amount, which you can afford it easily and if you get lose than handle it, also it is not valid that total invest our amount into bitcoin. Even we like bitcoin, and we know bitcoin is a name of making money. Hackers cannot steal our account if we will secure it fully, we have two option to store our bitcoins it could be by online or offline or even both. Just keep yourself updated on the latest security features to protect our bitcoins and we are good with our investment and we can sleep well at night. |
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