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Well, if the prices are down by 3% to 5%, then you have two options. If you have enough funds at your disposal, then you can purchase more coins and hold them for short to medium term. If you don't have the funds, or if you are not confident enough, then you should refrain from trading and never sell any of your existing coins.
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People are different. On my opinion not all people want to be rich as in super rich, they only want to have something that can support their needs to live. Some rich people did not consider their life rich because they are still eager to have much more than they have.
May be you are different. But 99.99% of the people dream about becoming super-rich. If you can afford an island somewhere in the Pacific or in the Caribbean, which you can visit in your own private yacht, would you say no? Every individual might be having his dreams. And money or hard cash is the only thing which can make these dreams real. |
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Governments can do a lot of harm to Bitcoin usage, if they want. For example, if they are interested then they can order the exchanges to be closed down (including Localbitcoins). They can make the possession of Bitcoins a criminal offense. It may be very difficult to trace down the coins to individuals, but with adequate effort the authorities can trace a few individuals and then they can publicize their case to scare others.
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If you keep the coins in some of the exchanges such as Bitfinex and YoBit, then you need not do anything to claim the B2X coins. But if you have your coins in a wallet such as Blockchain.info, then you need to export your private keys to some B2X-compatible wallet in order to receive these coins.
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better to invest in bitcoin, gold maybe more secure, but bitcoin has more potential to grow
saving money in the bank, will only mean losing them in the long-term with the current high inflation
I agree, saving money will just grow a little compared to investments, if you invest money , it has the potential to grow, to be steady or to fail. Now it depends on how you manage you investment. If you invest on the right thing, in the end you will benefit on it, but if you invest on something that is risky, you may end up failing. Even then, some people might think that they have saved enough money and there is no need to grow their wealth. Such people may go for bank deposits or treasury bonds, which are very reliable (with the exception of catastrophic events such as the Cyprus haircut). |
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of course it can and is very possible, nowadays various coin projects are being made, many of them look good and are massively broadcasted to the public so I'm sure I can get a chance to replace bitcoin one day.
There are thousands of altcoins in existence now, and dozens of new ones are being listed every day. But the problem is that the basic concept behind many of them remains the same. They do not differ from Bitcoins in a big way. The concept of blockchains, wallets and transactions remain almost the same. So how can they replace Bitcoin? |
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What is the best solution to resolve our problem in overpopulation?
Overpopulation is one of the issues we are now facing. Our government can't solve it without our help. So being a responsible citizen, we should cooperate. Even government should set policy, for those catholic country might be against because it is against their religion. So the best solution as an individual is be responsible. If you think you can't have many babies, then might as well don't have. Just have what you can afford. Simple as that. There is nothing non-Catholic about family planning. Look at the Catholic nations around the world. Most of them (at least those in Europe and North America) are actively using family planning. In fact, some of the Catholic nations in Europe (such as Italy and Poland) have the lowest birth rates in that continent, with an average of 1.3 births per woman. |
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Although i am not an advocate hard drugs, people can capitalize on the hidden identity in the block chain technology to trade in drugs.
Trust me, it is not safe. In all probability, the Blockchain transactions will be traced back to you, if the law enforcement authorities are ready to put in a little bit of effort. Do you remember the Sheep Marketplace robbery? The thief (Thomas Jiřikovský) was caught after a few of the guys who lost the money traced him through the Blockchain. |
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Does it really matter for us? We just need one country which permits the conversion of Bitcoin to fiat. Because since Bitcoin is a digital asset, it can be easily moved from one place to another. Users from all around the world can travel to that particular country, and there we can convert our coins to fiat cash. And we can return to our hometowns with this fiat cash.
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Yes! Now is the perfect time to buy Bitcoin. Especially while the price is still cheap. I recommend buying as much as you can while under 10k. Get comfortable with it at the same time that will help so much.
Should have made the purchase a few days back, as you will definitely miss the Bitcoin Gold airdrop. But don't worry much. Another airdrop is only a few days away (B2X, which is roughly two and half weeks from now). My advice would be not to delay your purchase any further. Even if the prices remain stable, your investment will be profitable as a result of the airdrops. |
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They said bitcoin is a good source of income, precisely i enter this type of business to become rich and i want to have more bitcoins for future purposes, This is my goal and i know everybody wants to have luxurious life. This is the only way to escape from poverty.
If you know some high-skilled profession such as coding or designing, then you can earn a lot of BTC here. But if you are dependent solely on the signature campaigns, then I have to warn you that you may only get a passive income. You need to combine this passive income with the salary from your regular job, and save enough money for the future. |
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The volatility of any currency can be controlled through artificial means, just like the fiat currencies. If you want to prevent the exchange rates from falling beyond a certain point, then you can hoard more of the currency and if you want to do just the opposite, then you can dump it. But what makes doing similar stuff to Bitcoin more complex is the lack of existence of a centralized exchange.
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For now, my first plan was to collect and collect more bitcoin so that I can earn a lot. Then maybe at the right time, I will do some investment - a long term investment probably. My second plan was to convert it into fiat to put up a food business (approx. after 10 years), use it to buy material things like a car and my dream house, and most especially use it for emergency purposes.
10 years may be too long. You can do partial booking either in 2022 or 2023, and use that money to set up the food business. But just out of curiosity... do you have any prior experience in the food business? Because one of my cousins was involved in this sort of venture and he got completely ruined as a result of it. And he had decades of experience. |
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The Chinese market is very strong, but it can only make Bitcoin shake and drop in value, and soon Bitcoin continues to move forward and continue to grow. No, we won't die
Can't be sure, because most of the Chinese users are depending on the Japanese and South Korean exchanges right now (as a result of the difficult legal situation back home). So it is difficult to measure how much impact these users are having on the exchange rates. But I guess that the impact is quite significant, due to the sheer numbers and volumes. |
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I really doubt whether Bitcoin Gold (BTG) can be as successful as Bitcoin Cash (BCH). I still remember that there was a lot of euphoria in the air, when Bitcoin Cash got listed for the first time. A lot of major players and exchanges were supporting the currency. The situation is different this time for Bitcoin Gold. There is not a lot of excitement around.
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don't save your public key on email  maybe Even if you keep the private key securely, the risk is still there. Do you remember what happened to Instawallet in 2013? For noobs, Instawallet was an online Bitcoin wallet, and it closed down after it was found that google search revealed the private keys to the wallet. |
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IMO, the Bitcoin may survive for a maximum of 10 to 20 years from now. After that either an altcoin is going to replace it, or some new technology may make the crypto-currency obsolete.
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If you are thinking about the medium to long term, then this is the right time to invest. A lot of people are waiting for a major correction, since the past many months. The exchange ban from China gave them an opportunity to by coins at cheap rates, but if you remember then the dip was just around 30%, rather than the 50% to 60% which many people were expecting.
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Bitcoin is amazing, but it contains one bad things - it ia also open for drugs, guns, porn gambling industries. It thevsame as fire, it can bring you food but also it can destroy your house.
Drugs should not be compared to porn or gambling. Because the first one is illegal in most of the regions, and the rest are legal. And I don't understand the relation between drugs and Bitcoin. The vast majority of the drug trade is conducted using fiat cash. Does that mean that we should label fiat cash as a medium which facilitates drugs trade? |
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As bitcoin is still growing we can predict that bitcoin value will touch the 8000 usd very soon.
I believe that bitcoin can reach 10000 usd by mid 2018.
Till now, the Bitcoin exchange rates have increased faster than anyone's prediction. So I believe that the $10K mark may be achieved by the end of this year, rather than the next year. |
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