i bought bitcoin as an investment for the future price increase, just like others did. I think it's still a good price to buy now. And i also constantly spend some of it.
Yeah and we are hoping that price will rise in future so that we can get good returns and that is the reason majority of us are buying at a moment. |
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You should never do it because there is a good future a head for the bitcoin in my opinion.
I think the bitcoin will rise to a high amount soon or later.
I think in 10-20 years the price of bitcoin may triple by that time from the price now,right now selling is not an option but if you are in need of the money then you may sell some. Just holding for next 20 years without spending it is the worst thing to do with bitcoin, treat and play with bitcoin in short term, if price is higher just sell it and buy again when price falls. |
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I think the anonymity will be removed a state of stability will occur, banks and governments will adopt it and will support it more and I think the last price for it to achieve will be about $700 or around it.
you're right, just a matter of time until it happens, in the future will probably be a digital currency that is recognized by the whole world with a high price This could possible happen in the near future as banks are now threaten by bitcoin,someday this will incorporate blockchain to their business so they can compete with bitcoin. That's true banks are scared of bitcoin and if bitcoin gets on mainstream banks would be facing a very tough competition from it in future. |
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I think 1 btc is not too big amount to hold majority of people would be holding it, I think if you hold anything around 20 btc then you are a pioneer.
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I would surely invest my money into gold and bitcoin as I think both will perform better in future, as the money from saving is limited and will not help in long run.
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I think paper money it still remains after bitcoin goes mainstream.
Especially for older people, because they do not know how to handle the new money IMO.
you're right, I guess paper money will always continue to evolve, because, how it is used is usually done by the community, when bitcoin growing, as well as paper money Yeah people who find using paper money easy will use it in future too, and spending bitcoin might be a little complicated for them as they lack knowledge about it. |
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If you invest in bitcoin just take it slow and learn how to trade well,you might lose some but as time goes by you will profit.
i think most of the people that started with trading made losses in the very beginning. it's normal. you just need to make sure you learn from your mistakes, and eventually you'll end up making profits. patience is the key when it comes to trading. if you rush and do things in panic then it's not going to work out very well. just relax. Yeah and I think if you want to start trading then its better that you take some guidance or tips from a experienced person who is into trading since a long time. Than getting guidance, its better to start with a small cash. This will eventually grow making you a good trader. Even if you start with a small cash there is possibility that you will loose money if you don't have proper knowledge or skills of trading, its better to learn first. |
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I consider bitcoin as money as i am able to buy stuff with it,if you are talking about paper money the for sure it will replace paper money in the future.
Well yes it is money but it's only digital money. How would say it replaces fiat money. IF there is not internet available? It don't/won't. So no this is impossible to happen. How can those to be interchangable? They both offer a different kind of audience a service. So they can't be exchanged nor replace each other. At best bitcoin would be able to grow it's marketcap. Bitcoin will be used and accepted more in future but it cannot replace fiat for sure, as many countries are still not aware about bitcoins, they will continue using fiat. |
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Its really up to you on how many and how are you planning to retire,if you want to live a simple life when you retire then you dont need much.
That's right, and maybe we should set aside bitcoin as part of our retirement fund, we should still focus on our fiat savings..bitcoin should be an extra..but that is right, its really up to you on how you want your life when you retire, and its up to how much you want to invest in bitcoin today.. I expect the price to be around 5k by then. So having 100 bitcoin would give me a a nice pension fund. I don't need much money for retirement, just enough to live a comfortable life. Me too,when you are old you dont need to much money as you only want to live a simple yet peaceful life. but if you retire young then you would need a lot of money. Even old people have a dream of living lavish and luxury life totally depends on individual how he wants to live and its always good to hold more amount of coins. |
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I think going back to the past is just a science fiction kind of story. If you want to be rich, save your money or invest it to businesses. And there are some people also believe that by giving charity to the needy will make them even "richer". We never know what we will get in return by giving and sharing and becoming a member of the community.
Agreed why waste going back in time if there are more opportunities at the present. I would also want to build business specifically poultry, farm and vegetable fruits dealer. I think its good because it can develop on its own and i want my workers to be the one on streets to give them opportunities. Yeah having a good business will really work in long run to make us rich, the only thing is we need to do a lot research before entering into any business. |
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I think bitcoin will reach the value of $1k by the end of the year 2016, halving will take the value to a better level which will motivate many new users to use bitcoins.
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I would invest 50/50 in both the products, as I have faith in both of them and If I have option of choosing both then why would I go with a single one.I want to make profits from both.
For me diversifying is a standard thing to do. It would make no sense to go all in when you deal with money. Gold seems to be a stable asset so yes i buy gold. But bitcoin is the asset with the most potential so obviously i would invest around 25% also in bitcoin. The rest would go to savings /low risk bonds. That is the right thing to do, invest in multiple products that will reduce risk, and if one product fails we still have hope from the other one that it will help us in recovering losses. |
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Get as many as you can now... block halving is just around the corner and the price will foresee this event before it occurs
I heard a lot of people buy bitcoin. because there was information that halving will happen a few months away and many say that. it could make the price rises in bitcoin. I hope it's not the only issue That's true its the main reason for lot of buy taking place at the present. Everytime halving occurs gives a high increase in price. This time also people believe in it. I have also heard the same that each time on halving the price has increase to a pretty good value and so for the coming halving everyone is buying bitcoin as much as they can so that to benefit with it. Yeah and anything around $400 is the a good price to buy bitcoins, as it will not fall below that before halving, as it will continue to grow in next couple of months. |
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It will be good if that is possible. But it will be really hard and that is also it will take a long time to get it and that is a problem for people.
They cant wait and they are very greedy so that is really bad. But I hope that more people can get some profit of it.
One of the solution to this problem that how to double our bitcoin is now not longer which is the halving , it is predicted by the people that the possibility of price increase are about to more than $1000 . Honestly speaking I don't think that value of bitcoin would be $1k at the time of halving, we can expect some thing around $600-$700 not more then that. |
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I am planning to buy a car next month using fiat  I wish I could buy it by using bitcoin but in my country I don't see that facility and honestly I don't have that huge amount of bitcoin to buy a car  |
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I don't spend bitcoins in reality because of the simple reason no store or shop in my country accept it, For those who have bitcoin supporting shops they should at least try it once in a while.
The same is in my country, here in my country the store owners and servants even do not know that what is bitcoin, and I think it will take a long time to establish it here in real life to use for offline shopping. Majority of us are facing the same problem and I think it will take long time where we can spend our coins directly for making purchases. |
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I don't think services,mining,signature campaigns and trading are stable incomes. For example 1 month noone will buy your services, the alt coin prices may crash to the ground, the signature campaigns may close shop and the trading may lead to a loss. Stable income is when you receive a fixed pay every month by an employer.
If you offer services and you have a good feedback to other who have tries your services then you will surely get a monthly income. It really depends on how good you do your job,if you are sloppy then you wont get any monthly income. It hard to have that of course. But you need to make an good investment and also have to work hard. That is important. Otherwise it is not possible. But that also depends on the value that Bitcoin have and you never know that what it will be in the future. Even if the price of bitcoin skyrockets we cannot afford to rely only on bitcoins, as we know that higher price is not permanent and it can fall back down in future. But I think now is the time of bitcoin and hope that bitcoin will never destroy and will at least to to stability, so it is not a risk to adopt bitcoin to rely on it for our earning a living . The price will definitely increase more in the coming future. Price will increase for sure but the question is how long it will be on top? It will fall back some day and at that time it will be difficult to earn a living from it. |
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Selling bitcoin without taking the market scenario into consideration seems to be a mistake. Such mistakes will not have much impact but certain profit loss is experienced.
Well that mistake will truly help you in your next journey of buying and selling coins. If same mistake still always happening then definitely buy and sell coins are not really meant to you since you are not improving. Before any sale of bitcoin one should have to take in consideration that what is the strategy of the pricing of bitcoin, so that he should not mis any opportunity to be benefited with it. Bitcoin is a currency which benefit in all situations. Yeah but you need to be aware about the market conditions and have some strategy for when to buy and when to sell you need to do a proper research before taking any action. |
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Yes, it is trusted to put your money in bitcoin but the price is untrusted, currently it is increasing and will increase the whole year , but after halving everyone will sell their bitcoin which will drop its price, so be alert, when the time of selling comes.
Yes, it is true that the price is now increasing and at the time of halving it will touch the moon, but it is not sure that after halving the price will go down as there are a lot of other uses of it so people will keep them. Yes we would see higher price at the time of halving so investing money in bitoin at a moment can be better decision as we can sell at the time of halving to make good money. |
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I am busy in collecting and earning bitcoin in the best way possible and hold it for future without spending it and would sell when the price reaches to the sky.
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