buying and holding. that will make your bitcoin grow..
thought I just buy and buy so I'm always running out of bitcoin.
If you always buy it everytime yes your bitcoin stacks will grow but the value of your bitcoin will stay the same and you can still make no profit from it with just do all buying and holding it. I dont think that will be a good method to do since there is a chance to lose the value Maybe lose in a few time but if you have exactly or timing the right time to sell it . It will be worth it and you can now enjoy your coins. Exactly that's what i don't like in trading , Holding mean just that you will sell later but in a long term its not a guarantee method to grow up your bitcoins . Bitcoin Boy . You can guarantee the grow of your bitcoins because you are only waiting for the time and for sure the price of the bitcoin is high so that you would sell it. Yes may be it will guarantee you to make profit and grow your value too but in the end you still get low payout because you just wait the price go higher then you sell it that is not a good way to grow it. May be yes it will grow but the time you take is too much to get profit You need to be faster and earn more You can do your real job until the time comes to sell your coins. You can get a high profit but slow growing of bitcoin. The real job that you said will support you in your bitcoin but we can't always depends on this bitcoin trading. Selling some bitcoin wont grow your bitcoin, it is just get you some profit but if you really want to grow your bitcoin I can suggest you to spare some of your salary to invest in bitcoin and do some alt trading or may be gambling, you can earn alot from it but only if you feel lucky You didn't understand the situation we are talking about the time when we are waiting when the price of bitcoin is high. And i said you can do your real job so that won't be impatient. |
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I've considered speaking about Bitcoin to family and friends but at the end of the day I think it's not worth it. It's still way too experimental, they may get over excited and lose money, I dont want to be responsible for that, so I will keep it to myself. If they want to learn about it they will eventually find it themselves anyway.
I think you can guide them to a better strategies so that they won't loss money. Don't be afraid if they loss money because its part of business or investment. And if you let them to experiment or you let them learned they will lose a lot of money. |
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My advice will be to keep your coins as such, without investing in anything. People invest using fiat cash, because it is not protected against inflation, and therefore the real worth decreases with time. On the other hand, Bitcoin is protected against inflation (as a result of the limited supply) and therefore, its real net worth remains the same over time.
I think investing make you earn a big profit and you shouldn't keep your coins in your wallet you may invest it or make a business. Yeah thats right its protected to inflation but you must invest so that you can grow your money Investing can make big profits, and at the same time, it can make huge losses as well. If there is a 50% chance of getting a profit, there is also a 50% chance of getting a loss. There are no risk-free investments in this world. Even the United States treasury bonds are not 100% safe. And from my experience, I can say with a great deal of surety that none of the Bitcoin-based investments are without a risk. All business or all method that you can use to grow your money or your coins have a risk, but remember the higher the risk the higher return if the investment or the business will success. |
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From the looks of the economy, no. And it wont be on the next 5-10 years. There might be some unexpected changes sometime soon but hey I'd still hold on my coins  Yeah i also hold my coins until we can use it and its a great help to us. Bitcoin will still alive!! until no one will use it. |
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I don't think recommending Bitcoin to anyone is a good idea if they don't know about it.
I think one should educate someone about Bitcoin first and then if that person asks for it, then you can make recommendations.
You must because they are your friend and you said that someone educated them before using of bitcoin? We should do that because we know about bitcoin and we have an experience by using of it. |
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My advice will be to keep your coins as such, without investing in anything. People invest using fiat cash, because it is not protected against inflation, and therefore the real worth decreases with time. On the other hand, Bitcoin is protected against inflation (as a result of the limited supply) and therefore, its real net worth remains the same over time.
I think investing make you earn a big profit and you shouldn't keep your coins in your wallet you may invest it or make a business. Yeah thats right its protected to inflation but you must invest so that you can grow your money |
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buying and holding. that will make your bitcoin grow..
thought I just buy and buy so I'm always running out of bitcoin.
If you always buy it everytime yes your bitcoin stacks will grow but the value of your bitcoin will stay the same and you can still make no profit from it with just do all buying and holding it. I dont think that will be a good method to do since there is a chance to lose the value Maybe lose in a few time but if you have exactly or timing the right time to sell it . It will be worth it and you can now enjoy your coins. Exactly that's what i don't like in trading , Holding mean just that you will sell later but in a long term its not a guarantee method to grow up your bitcoins . Bitcoin Boy . You can guarantee the grow of your bitcoins because you are only waiting for the time and for sure the price of the bitcoin is high so that you would sell it. Yes may be it will guarantee you to make profit and grow your value too but in the end you still get low payout because you just wait the price go higher then you sell it that is not a good way to grow it. May be yes it will grow but the time you take is too much to get profit You need to be faster and earn more You can do your real job until the time comes to sell your coins. You can get a high profit but slow growing of bitcoin. |
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Gambling is a profitable industry, specially when it is monopolized. That is why goverments gravitate into gambling. Gambling is allowed in all countries, it is just the degree of free market gambling that is different. Sometimes the government wants it all.
Not in all countries. In most part of the Asia I believe that it is illegal especially in the middle east countries and/or in the country where the Religion law is strong enough . Though there are alot of illegal gambling activites in such countries but if the legal feds finds out who operate it, the operator would be charge with fine and prison sentences . In some countries however ( like you stated, especially the west side ), the goverment legalized gambling and got a income in form of tax from it Most of the countries that are legal to gambling is in the country that have a democracy government, because its a free country and you can do what you want and their law are not strong so that foreigner went to that country and they just do a wrong thing and make a money and not having any doubts that they will caught because they know that , the law of that country are weak. LIKE PHILIPPINES. Your logic got some flaw and you might want to take a quick snap at google for the word "democracy". Democracy doesnt mean that you can do whatever you want. It actually mean that you are free to choose who to govern you. Instead law in democracy country is strong and based on "not guilty until it is proven". Also democracy means that the highest power is from the people But by the meaning of democracy government didn't follow. And if you live in this country you will know what exactly what I mean. So only said that and you only refer to its meaning not into the situation of the Philippines. I do live in a Democracy country and that is why I knew about this thing that is why I relay to the fact about what I knew about Democracy country. It is not that the law is not strong in philippines, it just that the population is too many and that most people there are living not according to the rules, this actually makes an assumption that the law in that country is not strong enough Not really the problem is the population, the problem is the people who have a power to control or to rule this country. You won't understand me until you live in this country and if you now the pork barrel scam, They scam the taxes that we pay its almost 10 billion pesos or $224 million. Think of that money, they must lend it to the people or give the people a good services and renovate the bridges, hospitals,schools etc. |
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Having a good timing make your buy and sell success. Because you can't predict when the prices is going to fall or rise.
You can, that is why graphs exist. It is to help you to predict where the direction goes, as well as the trend of it. Basically it needs some skills in reading graphs though. Yeah thats why we need to have a information about or the history of the price of bitcoins and study when its price is low or high. Actually the information/data is exist there. You can check it HERE. Along with some tools to draw some lines that will help you in analyzing it and also determine the lowest point for the 24 hour. Actually what matter is the difference between buy and sell. All you will need is to sell higher than what your executed buy is minus the trading fee (if there is any). Most people thought that this only gain them a small profit thus waiting for a higher price which actually resulted in the price got lower and people got some lost They just not have enough patient to wait so that they lost a bitcoin. If they want to earn a profit to their coins they must wait until they got the right price to sell. |
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Good idea its helpful but its better to spend your bitcoin with your personal interest like making a business or having an investment. Because if we only store our coins the quantity of bitcoin in circulation will be low and may cause of bitcoin shortage. |
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Sell in trusted and a famous exchanger and you know that is not a scam and your money is safe.
not always, looks at bitstamp and bitfinex they are famous exchange and they were trustable back then but they got hacked, no exchange should be trusted they are subordinated to hackers But you are sure about that exchange are trusted and have a good services. good services maybe, but trusted no, my point is that they are being used only because they are the most trusted, but no trusted 100%, and you are in the end to be bound to use them, you have no choice, they are the less worse out there They are 100% trusted because they not break or put a bad comments on their names for just only to scam you. And my point is, in your country that exchanger is most trusted and 100% trusted because its fame exchanger and your government will notice if that exchanger do a wrong things like scamming. |
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I dont know whats the problem about having bitcoin in one country and why they banned this bitcoin. I dont think bitcoin is harm to any currency and if it affected in currency that must not a big problem (IMO) the problem is because there is so many Bitcoin scam sites, so they think that Bitcoin isn't safe. And of course if people use Bitcoin which mean low fees or even no fees, how about the Bank?? Their customers will decrease because of the fees If you think that is the problem still it doesnt affected to the legality of bitcoin in every country because that scam sites is just depends on yourselves whether you want to hit it or not, and if you hit it you must take all the responsibility. About the bank things I think it will really useful too since every person still want to use fiat to buy bitcoin or even convert it back so bank will never down just because there are many of bitcoin users Bitcoin can affect banks and other business that need an investors to invest their money in their business and if people change their fiat money to bitcoin, more people will now invest in bitcoin and not in the fiat money so that it can affect the business in a particular country. |
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Having a good timing make your buy and sell success. Because you can't predict when the prices is going to fall or rise.
You can, that is why graphs exist. It is to help you to predict where the direction goes, as well as the trend of it. Basically it needs some skills in reading graphs though. Yeah thats why we need to have a information about or the history of the price of bitcoins and study when its price is low or high. |
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Why they didn't tell to me ? I have a rights to know what happened to the coins that will deducted to my every transaction or payment.
What can you do if they told you? I guess you can't do nothing to them since they got more power than you and I dont think they are going to telling you this because it is like their own privacy that they must not break or telling it to outsider So what we can do? paying taxes to every individual transaction? And we won't even know what they are going to do with that coins? For you? its ok to pay taxes without knowing of its purposes? If one day government take a full control of bitcoin which is never done before, no matter what you do you must pay the taxes, even if you object it rules is rules you must obey it. I dont think they can take control of this bitcoin since it is annonymous but we never know what will happen to the future right so just follow the flow But as a user of it we can complain our suggestion and our rights. We have a rights to know what happened to the taxes that we pay. Yes we can't stop the government control the bitcoin but we can do what is right. |
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I said that you can cover your lost in other investment by investing in another investment. And i think you are thinking that both of your investment will loss or failed? i think it won't happened because you will choose the right investment and you know that your money or coins will be safe from that invesment. :3
But you must make sure that is a good investment or legit one to cover the lost one, if one of them is lost you will get a loss altough you get some from others but still it can't cover it all. If I choose both of the the good one, it must be a little payment so why dont you gamble and choose others (not a ponzi type) investment, you can earn more with that Yeah you must sure and you know what is the good and bad because you are old enough to make a decision and you know that decision is right. |
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Gambling is a profitable industry, specially when it is monopolized. That is why goverments gravitate into gambling. Gambling is allowed in all countries, it is just the degree of free market gambling that is different. Sometimes the government wants it all.
Not in all countries. In most part of the Asia I believe that it is illegal especially in the middle east countries and/or in the country where the Religion law is strong enough . Though there are alot of illegal gambling activites in such countries but if the legal feds finds out who operate it, the operator would be charge with fine and prison sentences . In some countries however ( like you stated, especially the west side ), the goverment legalized gambling and got a income in form of tax from it Most of the countries that are legal to gambling is in the country that have a democracy government, because its a free country and you can do what you want and their law are not strong so that foreigner went to that country and they just do a wrong thing and make a money and not having any doubts that they will caught because they know that , the law of that country are weak. LIKE PHILIPPINES. Your logic got some flaw and you might want to take a quick snap at google for the word "democracy". Democracy doesnt mean that you can do whatever you want. It actually mean that you are free to choose who to govern you. Instead law in democracy country is strong and based on "not guilty until it is proven". Also democracy means that the highest power is from the people [/quote] But by the meaning of democracy government didn't follow. And if you live in this country you will know what exactly what i mean. So only said that and you only refer to its meaning not into the situation of the philipines. |
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so, what id like to do is invest bitcoins to a stock or mutual fund account, but am not sure the best way to go about it. any tips/advice?
If you're interested in equities (either in the form of stocks or mutual funds), you might as well just invest your fiat. If you are interested in investing in Bitcoin, however, you might try lending through a P2P site or investing in a gambling site (your own, not someone elses). If you use your imagination, there are plenty of opportunities. Yeah in investing bitcoins theres so many opportunities that you can get any time. You must only pick or choose one that is great and better than the others. Theres so many site that you may invest. |
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buying and holding. that will make your bitcoin grow..
thought I just buy and buy so I'm always running out of bitcoin.
If you always buy it everytime yes your bitcoin stacks will grow but the value of your bitcoin will stay the same and you can still make no profit from it with just do all buying and holding it. I dont think that will be a good method to do since there is a chance to lose the value Maybe lose in a few time but if you have exactly or timing the right time to sell it . It will be worth it and you can now enjoy your coins. Exactly that's what i don't like in trading , Holding mean just that you will sell later but in a long term its not a guarantee method to grow up your bitcoins . Bitcoin Boy . You can guarantee the grow of your bitcoins because you are only waiting for the time and for sure the price of the bitcoin is high so that you would sell it. |
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They don't care why we withdraw all of our money. Because that money is ours and not to them and they can ask but we have a right to not answer that question. Its up to you if you are going to explained to them why.
They are supposed to "know their customer". Better to come clean to the bank. Otherwise, they might just file a suspicious activity report about you to the regulator. You wouldn't want that happening, would you?  But if my excuse is so very private, they would care? And they can create a report on me by writing how much did i deposit and withdraw. Thats all and if i didn't tell them the reason they can't do anything. |
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Related to the topic, an interesting project idea came to my mind. Someone who is able to do it should create a world map that shows which countries are accepted Bitcoin, countries which banned Bitcoin and countries which have not come to an official decision yet.
Yeah i think its right, if they do that we all know what country we are going or giving a sympathy to introduce bitcoin and also how using it. It may help to raise the price of bitcoin. |
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