No, i have not reached that stage. I have a job and i earn bitcoin by taking part in signature campaign. But earning is very little.just now, i have started trading.But when i start receiving considerable amount of bitcoins, then i will just quit my job and start enjoying financial freedom
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Bitcoin price would reach $1000 dollars in july 2017. Bitcoin has already faced three bubbles. I guess this will be the fourth bubble. We can note that bitcoin price has not faced a decline in past few months. More people are getting aware of bitcoins and more companies are accepting bitcoin as a payment method which will also be an important factor for rise in bitcoin prices by july 2017
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First my room mate only told me about bitcoins. First i dint pay interest in it because i already lost my money and time in online scam sites. But when i came to know about it in detail, i knew how worthful it is and its potential. The i started to earn a little in signature campaign. Now i have started trading.
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Easiest way is by signing in a signature campaign and posting you views. Other way is PTC sites but its a waste of time, since payment is very low. Trading is another option but its very risky. Altogether, bitcoin i not a quick rich scheme and you have to work hard to earn.
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I think it is banned in bangladesh, but not in our India. Italy government has decided to levy taxes on bitcoin earnings thus making bitcoin legal. I hope in next 5 years, most countries will accept bitcoin as legal. By next five years, i hope almost 70 percent of business organisations would accept bitcoin as payment.
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I am buying bitcoins because its price is expected to go very high in future. Transaction fees is very low when compared to other payment methods. Sice i work in abroad, i am able to send money in bitcoins to my family easily at very low charges.
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Yes, Bitcoin is safe. It runs in block chain mechanism which even some banks are trying to adapt. It shows how secure bitcoin is. Bitcoin prices are expected to raise high in future when fiet prices may even collapse
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The best way is to save 20 percent of your monthly income as savings. Of the 20 percent, 10 percent must be saved as fixed for future use and the other 10 percent must be saved for sudden expences like medical,etc
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I agree with your point that when you can purchase directly in bitcoins,why to convert it into fiat which may loose its value one day. When you follow this method, since you hold bitcoins, when its price raises, your investment also increases. the only problem is that everything cannot be bought by bitcoins.
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It is better to invest money than saving. But it should be invested in correct resources. Only if you invest your money, it will grow more Saving, in other terms means making it idle. Money should be invested in bitcoin or other worthfull altcoins How much should be invested depends on your decision
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Bitcoin cant make banks disappear but in future, it would reduce number of people who depends the banks for their daily transactions. In future, a time may come where banks would be earning only by lending loans to people and it may take a long time to come.
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I am earning a little through signature campaign. I know its not enough to make a living. I am planning to start trading in Bitcoin/Altcoins to earn more.
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Satoshi would have created it for decentralisation of money and to give financial freedom to people from banking system. He would have worried much about how banks exploit ordinary people. He tried to create a currency which doesnot even need the approval and support of government to survive and he succeeded in his attempt.
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In india, majority of people are unfamiliar with bitcoin. Only people working related to IT sectors know a little about it. If they would come to know the potential of Bitcoin, definitely there will be a big change in their life. They would start enjoying real financial freedom.
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This is the righr time to buy bitcoins since price has started to raise slowly. price is expected to reach much higher by the end of this year. So if you dont buy now ,deciding to buy when prices goes down, remember you will loose a golden oppurtunity
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It is the right time brother to buy bitcoins as you see there is an increase in price over last 3 weeks. Bitcoin prices are expected to go much higher by the end of 2016. Better take the right decision now itself or you would feel sad at the end of 2016 for not buying bitcoins earlier
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Very nice advice. Thanks a lot bro. From this month, i will also start implementing this plan. But you see in developing countries, wages are very low compared to developed countries and on the other hand, cost of living is very high. People struggle to fulfill their daily needs and its very difficult for them to save 20 % of their income, But still its a good and very useful idea.
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I would rather pick up Bitcoin than gold. Bitcoin prices are expected to go much higher in future. Gold doesnot increase that much quickly as bitcoin. AS an investment also, Bitcoin gives more returns than gold
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If you want little earnng, you can get it from signature campaigns.
If you want fast earnings, start trading in bitcoins/Altcoins. If you select new altcions instead of old, you can get huge profits.
But remember, at the same time, newly introduced altcoins may give huge loss to your whole investment
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I am now spending my bitcoin earnings for my mobile recharge only.
I hope to spend it more in future for my daily needs.
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