It is a good idea if they are already earning as much as they are earning in their previous day jobs but then I bet they are already earning as much or more since there are bills to pay and to provide food for the table. I have a friend who quit his job as well because he is earning more in bitcoin than in his job and he is much stressed in his previous job leading to his resignation. It may have lesser job security but it would be considered as a business because you don't have a fixed income when you have a business but you can earn as much as you want just like what bitcoin do.

It would be a bad decision if someone would quit and just starting in bitcoin because he may have a lower income and given the volatility of bitcoin price, he may earn lesser and maybe time will come when his earnings would not be enough to pay the bills. It would still be better to have multiple sources of income. If he can manage to have a regular job and earn bitcoin at the same time then it would be better.

Lucky for you, you were able to have bitcoins when the price is still low. I would recommend diversifying in other fields like purchasing a flat perhaps as what you stated. It can be a good source of income if you rented it out and have a passive income. Maybe you can take half of your investment in crypto and invest in other fields because we don't know what will happen in the future. Yes there is a possibility that bitcoin's value will double or triple from now but what if the opposite would happen or worse, you will lose your coins in something else. It's better to diversify and reduce the risks than having regrets later.

If someone won in gambling, he will think that its easy money and there is no hard work involved in gambling and if he will continuously win then it would be his way to become rich. The disadvantage in this is that when he has losing streaks and since he already taste and feel winning then he wanted to taste in once again and get back what he lose and then eventually become addicted to it if his mind is always focus in gambling and even if he doesn't have any money to gamble, he will find way to have one even if he will be in debt because he will think that he can still pay it IF he won in gambling.

We need more money to make more money. As what the businessmen said, the first million is the hardest to earn because you are starting from scratch or you have only a little capital. You are going to hustle and work hard to earn that first million but after you have achieved it then you still have to work but not that hard anymore to have bigger returns because you have big capital. I am on my way to my first million and working hard to achieve it.  I believe that patience, hard work, time, and knowledge is the key to succeed in anything you wanted to achieve.

That's one of the hurdles traders face when they start trading. It's one of my problems too when I just started trading because it's hard to control your emotion when you see your trade not going your way. I have no trading plan at first because I thought that when I knew what are the basics like chart, patterns etc. then I would have a profitable trade but then what I'm not ready for are the emotions involved in trading which is a very big factor. Through time, I was able to manage my emotions by having a trading plan and as long as I follow it then I would minimize my loss and have profitable trades.

I bought bitcoins last year to invest in a cloud mining site that later become a scam and I was only able to get back half of what I invested. Now, I don't want to invest my coin to any company but I invested time to study trading. I invested in myself cause I don't want to be scam anymore by continuously learning trading. Through experience and time, I hope I will be able to break-even and later have profit to my investments.

Advertisement on television can get the attention of the people especially if the one advertising it is a big network and it would have some catchy lines that people can easily recall. Many people will be interested to look into it and further research if they are interested with the new technology or want to earn more. If they can relate with the advertisement then it would be much easier to convince them but I think the easiest way to convince people is through word of mouth when one of the people they trusted will have a testimonial of his crypto experience.

Bitcoin is a good long investment when you compare its rise in value to other investments like stocks and mutual funds. The increase in bitcoin in just weeks may be the increase in stocks or mutual funds in a year or two which is a huge difference so some people prefer bitcoin over them. The disadvantage of bitcoin is the unstable or volatile price whereas others have stable prices but it doesn't matter at the moment since the price is still going up as time passes by.

I started investing last year around 1.8 btc but I'm still a newbie in trading so I lost more than half of my investment. I stop for a few months in trading and wasn't able to check what was happening in crypto world because of lack of internet connection. I just came back recently and then slowly earning what I lose back then. I am still at a loss now but if my timing is right in trading then I might be able to breakeven or will profit in a month or two hopefully.

You can read first about how trading works and be familiarize with the terms. You can find a mentor who is an experienced trader and can help you a lot in your way of being a profitable trader. You can get tips and advises from him and eventually you can develop your own trading style and strategy. Trading is not only about buying low and selling high but it involves a lot of emotions as well. Managing your emotions is very important in trading and it goes in par with being familiarize in technical and fundamental analysis.

Yes its possible if you have time, money and skills in trading. There are people who trade for a living but if you are still new in trading then I suggest to have a regular income because trading may give you large profits but you can have big losses as well. It is risky if you cannot manage your emotions well and lack of experience especially that altcoins are also volatile so you must have a trading plan. You may trade as a side income at first but if you can feel that you will earn more focusing on trading then its up to you but it would be better that you have other sources of income as well.

I will ask him why he hate it that much and then listen to his reasons and if there are things that I have to point out to him then I will say it. If he will still not listen to me and think of bitcoin that way then I can't do anything to make him like it. You cannot force a person to like something if he has already decided to hate it. I played my part and its his loss not mine if he will not profit from bitcoin.

There is no specific classification as to where the bitcoin belong whether its a currency or as an asset because it depends on how the owner will use it. He can consider it as a currency when he choose to use it for every day use like buying stuffs he need or pay the bills just like how fiat is use. When he use it as an asset, he will consider it is an investment wherein he will just accumulate his coin and will store it to increase in value for future use.

I can suggest trading because that is what I am doing so I cannot vouch for another money making strategy. Trading for me is the best not just in 2017 but for as long as you want because if you have the skills and knowledge necessary then the possibility of a profitable trade is higher. At first you might be losing but eventually you will discover your own strategy and then adjust your trades according to market condition which then can lead to a profit or lose. You will still lose even if you are already experienced because that is part of trading but if you have a trading plan then you can still get back what you lose.

He will gamble money that he cannot afford to lose like money for rent, for food or for other needs that are more important than gambling just to get back what he lose. He will even go to the extent of borrowing from someone just to gamble and will promise to pay it when he wins and since his mind is already compromised because of debt then most likely he will lose because he cannot focus enough and cannot control his emotions. When his family or loved ones knows he is gambling, he will lie when they ask if he is still gambling. Any money that he will receive, there will always be a budget for gambling even if he can't afford it.

Yes there is no guarantee exactly as to when the price will come down but at some point it will come down because of buyer exhaustion. You can notice it in the technical analysis how strong the buyer is compared to the seller and from there you will have an idea if its the right time to sell your coins. Traders are doing this to earn more by exchanging it to USD and after the price will come down sometime, they would buy bitcoin again in which they will have more coins. Some even buy altcoins when bitcoin's price is lower because some altcoins shoot up when there is bear market in bitcoin.

The value of your bitcoin will increase if you just save it and there is lesser risk if you don't trade your coins but usually the risk takers are the one who earns more.

LOL. That applies for me too. I can't gamble as much as I could because of limited resources but I do set myself a limit because I can't risk gambling away money that are for my necessities. If I set a limit then that's it. Whether its a win or a lose, I will just stop because I learned my lesson well in the past that I almost lose my money for things that are more important because of my emotion that I can't control because of string of losses.

Yes, in the sense that its value is increasing and you can store bitcoin in your wallet without needing some documents compared to banks where you need some documents to open an account. I am managing my own account and not any institution that has a higher chance of my money being stolen because of some lapses in their side and I can transfer any amount without needing the approval of anyone.

No, in the sense that I cannot use cryptocurrency when buying something in a store because they don't even know the existence of it. I still need to convert it to fiat to pay anything that I need so in this side, regular currency is better because I can buy or pay anything using it because it is one of the accepted and known mode of exchange for now.

I guess you can call trading "educated guessing" as well because you really don't precisely know what's the next movement of the pair you are trading unless as what you said you have an insider info but you can still profit even if you don't have insider info if you are educated enough that you have a trading plan whatever happens whether the market is with you or against you. Through the combination of experience, knowledge of the coin and the technical and fundamental analysis, you can still profit even if you don't have an insider info but the possibility to profit is likely higher when you have one.

I bought 1.6 btc last year when the price was around $400 and that was the most that I have because being so naive, I invested some of it in a cloud mining site that has gone offline before the halving and I only got half of my investment. I started trading and lose some more because I trade with my emotions and then lose some in gambling too because of greediness. Now, I have less than half of btc but I am slowly getting it back through trading.