reaching $ 20000 within 2 years means that in the next 2 years btc will increase to 3 times the current price. Do you think this could happen? I think this is really hard. Although btc prices are rising rapidly, there is no expectation that it will continue to grow during the next two years.
Yes indeed it has energy to increase more, All around it is favored by the people because it is helping them to get rid of unemployment and overcome their poverty, help them to make the standard of their living better by giving a huge amount of profit , it all need is investors. The more they invest the more its worth will increase and will become able to replace regular currencies in future. |
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It has been 8 years from the date Bitcoin was born. There are no known cases of hacked bitcoin. And it is impossible. But if you store Bitcoin and altcoin in hot wallet, Maybe hackers can attract it.
Yes bitcoin is providing high security. It is not easy to hack bitcoin. So its quite safe to invest here and wait for the profit patiently and be committed to what we want to do. Seek proper knowledge and be keen about guidance enter some promising project and deal the profit wisely. Then all what result will be a comfortable living. |
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I don't think so... in fact it's the otherway around. Some people realize that they are earning more in cryptocurrency than their work so they end up ditching their jobs which gives them stable income. I have seen people do that here in bct but IMO, doing menial tasks like posting, sharing or rt'ing tweets isn't considered a job at all--anyone can do that.
Your point of is respected but i think that job is done by the mass to meet their financial needs and overcome poverty. If bitcoin lead them to earn more than their normal or regular job and they also get some money to as extra profit which can be saved for future then it’s a plus point. It is leading people to become financially stable then surely it is helping them to overcome poverty and unemployment. |
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It could be. Since it is our duty or obligation to our government and this is also an income. You're not onnly helping yourself but you are also helping the economy of your country semutracing was right, bitcoin must be legalize first in a certain country in order to implement tax. But it would cost a big argu and discussion before it happen.
The advantage of earning money online or freelance is because it does not have a tax and if bitcoins will have a tax then it was a very bad idea because a lot of people will turn back their side and go focus on the hard way which is working on the corporate world. Tax only deduct small portion of your money, tax won't make you poor because the amount is tolerable and also you have the return from the government as the provided facilities. People just don't have the same short thinking like you that always think taxation is bad and could destroy bitcoin. Maybe it'll make your actualy earning lower than before taxation implemented but hell, it's not going to make you poor once more. If even bitcoin is to be taxed, of course the taxation rules must be tolerable otherwise they won’t be accepted by the business community which forms the backbone of any country. So no need to worry about the taxation of the bitcoins. And I am pretty sure if someone is dealing with bitcoin, he will not show such an unprofessional behavior not to accept the rules of business or else such a person will definitely put himself in trouble. |
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As Bitcoin keep climbing and altcoin keeps going down, is it better to invest in bitcoin or altcoin now?
Bitcoin is in any way the best way to invest for now as it has already proved itself by reaching a massive value of $6000 this year and is still increasing. Bitcoin has attracted many more peoples now and they will too join it and take its advantage and this will increase its price. If a person invests now in altcoin than there is no surety of profit but if he now invests inn bitcoin it will surely increase it value than this and one will get a huge amount of profit from it if he invests now. |
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I don't know why but I always get a feeling to gamble, after then losing my money, I quit for some time and then continue, but I know I will lose my btc  Why is it so addictive? Sometimes greediness strikes when you are playing gambling it is matter of uncontented when you are winning and uncomfortable when you lose some of your money. Definitely there is nothing bad in life that continues with you forever, every bad thing comes and goes. Like this, profits and losses are part of gambling but the main concept of gambling being harmful is, there is a definite loss for you in the end. Means, you will be having bad times continuously until you leave it. See all around you and make yourself vigilant and wise for better life. |
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Surely anyone who invests would want to buy low and sell high. But sometimes things do not go their way. To limit risks you should carefully study the project you intend to invest, closely monitor all activities of the project to have the best investment.
Buying at low is the mainly focus of every investor and I also follow the same convention because I am not that much financially stabilize so i always wait for the dump to occur so that I can buy as much as I can this gives me a lot of chance to gather a lot of profit in the future and more to it some people buy at the rising prices that strategy is also good because btc gives benefit at any stage so buy when you need profit. |
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We all start to use digital money starting from debit-credit cards. This was the game changer in economics.
Peole love to use debit-credit cards. When POS system distrubuted for bitcoin and altcoins then we will see that bitcoin will defeat other digital money systems.
With the beginning of modern era people started to use digital currency. Like you say people use debit cards which is also an example of digital currency. The use of digital currency is more beneficial and time saving and had replaced many of uses of paper money. Even in daily life people use to buy things with their ATM cards but if we compare the digital and ordinary currency than paper money also have some uses that can't be replaced by digital money |
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I guess not. Bitcoin doesn't belong to any institutes or agencies, so no one can authorize it. It has its own system which can avoid the risk of being corrupted.
You are right , the foremost thing to be understood is that this is not bitcoin which will lead to corruption but its the mental makeup of the people which forces them to do illegal things and make black money , so we should accept our fault rather blaming bitcoin. And i think bitcoin by its technology and process is leading to lessen the risk of corruption. I think it is possible that this may happen, although not joining an institution, but in my opinion there are still some who have a greedy nature like the corruptors who certainly eat the people's money continuously. As far as anonymity is concerned this issue will be sorted out soon and before bitcoin cash was also used for corruption that’s not blame of currency it is user evil that they are using it in bad way and as this concern will be sorted out the transaction process will become crystal clear and nobody can hide anything and this thing will mainly lead to the legalization of bitcoin to many regions who are afraid of corruption. |
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no, because bitcoin is legally used in many countries, and its demand is increasing more and more each day, if it lost its value it means that there is no active investor or holder of it, but its impossible right?
Yes definitely it is nearly impossible. When you are coming in this bitcoin world, may be you didn’t know anything about it. But now, hope so you are well aware of the bitcoin and its importance and all that. Like this, bitcoins are made for creating all the markets fantastically growing in economics field. And succeeded so now, it is nearly impossible for such happening. |
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well, yes. but i can't get your point here.
these are all obvious things that you need in trading. and everybody who has make a single trade or even have watched a market history knows that this is a hard job but not completely unpredictable.
if it was totally unpredictable then all these traders who are earning a living would be considered gamblers and they could never make any money. they are predicting the market so that to earn money.
Yes, I agree with you. Trading is an unpredictable job. but if we calculate the average income in 1 month. (* for professional trader) I think Trading is a very profitable job. Professional traders are assume traders who are profitable because they have mastered already the way to analyze the price movement. Trading is very profitable if you are consistent with making good predictions since the market for the entire cryptocurrency is volatile in nature, if I am good in trading I would focus on it and make this as my source of income. One cannot master bitcoin trading, it needs continued learning. Here even the users who have handful of experience losses, that's why it's mentioned trading is unpredictable. Considering trading and making it a full time job is a good pick, when you have the stubborn mind to take risks. You know all these traders are working day and night for getting money. And amongst the hundreds and thousands, there are only few who are considered as the gem traders in their field. Such traders have more experience than anyone else and this experience is just came from the mistakes and losses they have done in their past. Learn and learn and then try to learn. |
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Sometime it will take more than a year to make money because Altcoins are completely in down trend with the increase price of Bitcoin. But don't give up keep on finding different way to build your asset.
It is the best design you should try the altcoins as well, because come of the people are not having the experience in the bitcoin and the bitcoin will help all the people to buy the things and the value of the bitcoin will increase more and more, I hope in the future the bitcoin will be the famous currency and it will be the best for the people who are aware of the bitcoin not really but to some extent. |
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the possible good impact for the country dealing with bitcoin is that it decreases the number of unemployment, whereas the bad impact for the country is that they cannot get any taxes from the users of bitcoin so that they cannot help economy of the country mostly.
People are getting in the bitcoin and they are increasing the value and the price of the bitcoin at the huge level as now all the people are aware of the bitcoin and the bitcoin price and the value on time to time increasing and the people are turning the bitcoin, I use the bitcoin and I know in the future bitcoin will be the world currency and all the people will be aware of the bitcoin and the importance of the bitcoin. |
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Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?
bitcoin is currently a lot of enthusiasts and bitcoin can be used as an investment other than gold for the short term, from there I see bitcoin exceeds the current price You are right the value and the bitcoin price is now being the world famous and all the people are aware of the bitcoin income, I use it as the signature campaign and all the people who are my friends are now asking me about the bitcoin and I am earning the huge profit from the bitcoin the present time and I goes in the future it will increase more and more. |
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some said it was too late at $150, the same was said for $300/400. It is worth over $6000 now and people are afraid to buy because it is over priced and too expensive. I wonder what they will say, and their excuses when it hits $50k, best to buy what you can afford now or live to regret it soon enough.
Yes, many people have missed many golden moments by thinking that it's too late and also many people have used those golden moments and are millionaires and billionaires now a days. I think if someone wants to buy bitcoins than he should because it's development has increased too much if we compare it with the old time and with the development of bitcoin, it's price will also increase by the time. |
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Hahaha wonderful I am so happy to see your cuteness but this can’t happen in real. Bitcoin can even go more than this but that would be coming in exaggeration and fictions. Holding is better and it always profit you as far as you are trading in bitcoin. So you need to observe the real picture of market price and how high it can go up in upcoming years. Keep holding till that time. |
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bitcoin cannot replace currency in the world because price is not stable.
currency should be more stable.
you may reply me. currency is not stable also but you should think
USD currency price is up and down 1-2% in 1 month.
bitcoin price is up and down 20% in 1 month.
what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?
bitcoin can become stock but cannot become currency
If bitcoin was to replace fiat money as a whole, it has to be stable first in order to achieve this. If doesn't stabilize the way it should be, then it wouldn't be a viable candidate to replace fiat money. Fiats are stable that's why it's an ideal currency barter with stores. Bitcoins, on the other hand, is so unstable that at some point, prices go up drastically and goes down drastically as well. It’s not true bitcoin price is very high in world and all currencies are behind from bitcoin so if we the price of bitcoin it’s going to change fast in a week and still it’s on the top of all currencies that why I always suggest to check the price of bitcoin every day in order to avoid the wrong statement and hope in future bitcoin price will be more high. |
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Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
Bitcoin's Value is volatile due to its decentralized structure that is why an irregular rising and falling of its value is felt frequently. Though its status so irregular, it seems that it's current status is going all the way up which makes it more recognizable now a days. Exactly. When one currency is decentralized then there is no check and balance from one supreme power about what is going on. Like our local currencies, there are regulating by the National banks and governments, that is why we have a stable price in business in our country. Bitcoin have decentralization and that makes it more volatile because of randomness. Yes I agree, the decentralized of the bitcoin is of the reason why so volatile,and an speculative asset that makes people attracts bitcoin. Bitcoin value is volatile because there are many who suppports bitcoin, Which invested in continues to buy and sell on bitcoin that make it volatile. So the demand is increasing in bitcoin. I think the reason of volatility in bitcoin price is due to investment of the people and also the trust. When the people have trust in something they will use or invest in them but if there is anything doubtful then nobody will invest their hard earn money in such doubtful thing. Some statements defame bitcoin a lot and the price which was about 4600 dollars dropped to almost 2900 dollars I just a few days. The reason was the false statement from somebody about bitcoin. I think the main reason for price volatility in bitcoin is the investment ratio. The more people invest in bitcoin the high will be the price and less people invest in bitcoin the price will be also be low. Some statement also affects the price of bitcoin which were not in favor of bitcoin and they declare bitcoin is a fraud. Many people stop buying bitcoin and thus the price fell down but now it is rising again. |
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if you had enough money to buy bitcoin then buy it now, and hold it until the price of bitcoin increase rapidly.
I don’t think so that buying the bitcoin and that too at the very present moment when the market price of bitcoin is at its peak value is really a good idea. In my opinion, you need to go for buying of bitcoins only at the time when the market price is falling down. This will help you in buying more bitcoins. For selling, go for selling of bitcoins only when you are going to have your desired amount of profit. Yes you are so right in this regard. There is only one basic rule that all traders must follow. Buy low and sell high, it is one of the golden rules in business and there are strategic people in international market right now, who are doing an incredible feat of trading with this rule. And like you said, for now, it is not better option now to buy. Rather keep hold your current coins. |
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For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.
Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.
It is no longer just the US, EU or even China driving adoption. There is a market for Bitcoins in major countries all over the world.
This is really a good news. A new path for the crypto currencies. I hope this is a sign for a raising marketcap. Yeah bitcoin has done so much good for the humanity that people are demanding it to use all over the world as common currency and this will give rise to prices more and if bitcoin will be declared as global currency there will be development profit and progress everywhere and those who are demanding it are the true believers of bitcoin and I also hope that this will happen so that I can use my bitcoin somewhere. |
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