For me if I choose btc wallet or bank. I choose btc . because btc increase the price in the market to make profit. While bank my money will not increase . bank will have tax my money will going down. !
I prefer the bitcoin wallet than the bank, the reason being the usefulness of bitcoin wallet is more simple than the bank, and how to make it easier to make bitcoin wallet because it does not require detailed identity, while banks require detailed identity But still many people do not understand how bitcoin works and how simple, bitcoin system is to get start with. That is the reason they are still struggling with their bank account for their financial needs. Only the unawareness of bitcoin makes many people still sticking with bank accounts. That's true many people are still not aware of what is bitcoin. They are simply treating bitcoin as some schemes for investment purpose only. But once people get to know how bitcoin will replace bank then they will definitely switch over. Even if we see higher adoption of bitcoin in future but there will be many people who will continue using bank services as they are used to it and they find it more convenient. |
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The most people that is using Bitcoin is holding their Bitcoins for a good price increase in the future, and it is hard to know what will happen in the future with the value, but we all hope for the best thing that can happen.
There is a chance that you can wait a really long time for a good price increase in the future, because it will not rise that fast.
Many of us are holding only because of halving as we have a feeling that price will be higher at the time of halving so we can sell at that time and earn higher profits. |
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The most people do not even know the bitcoin, my parents are knowing it now because I told them about it and they are thinking its pretty nice.
The even think it could be the future, what I'm also thinking due to the point everything is gonna be digital.
Most of the people don't know about this currency , but those who know , know the real value of this greatest invention . The most important factor is it is the People currency for the people only. Yeah majority of the people are not aware about the bitcoin at a moment,and people who know they don't want to invest their money into it as they have a fear of loosing everything. |
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Earning a living with gambling is of course possible but the fact is that if you want to do this you also need a certain amount of luck.
Only some people will succeed with this and its also the question witch method you are gonna use for it, you can as example also just simply hold them for a long time.
Not a good idea mate, depending on gambling for living is the worst thing to do, what will you do if you don't succeed, be safe and try to have a fixed income. agree. luck is not ALWAYS on your side. Yeah luck will not be always in your side. Gambling to have a living is not successful. If success did't come towards us we need to move towards the reliable method of signature campaign. Trading is good if you have good skills as you can earn a good money from it but risk factor is also associated with trading. |
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Just hold them, eventually bitcoin will be a global currency. At that point price would make you a millionaire IMO.
hold for how long? and waited how many years to bitcoin become a global currency ? I think people do not want to wait too long time to make a profit. I would not use the holding. I prefer to grow bitcoin rather than just hold That's right its better that we invest it somewhere or sell when we see the price is higher and again wait for the price drop so that we can buy again and that is the best way to earn some money. |
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I think only a small minority inside Bitcoin are making full-time profit with it, Mostly they are exchanges support and owners and gambling website operators, I doubt even big exchangers are using it.
not only owners and operatres are getting full time profit. I know some freelancer and workers who are getting good profit from their works. they are working hard and getting reward for their hard work. if someone do hard work then no one can stop him to get good money. you can also earn a living with bitcoin if you start in good manners. Yes if you have multiple skills then you can surely earn a living with it, depending only on signature campaign or trading will not earn you enough amount of bitcoins. |
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I think Paypal was effective until Bitcoin was not this popular. I did few transaction with Paypal but must admit there is no comparison between both. Bitcoin is future of online transactions IMO.
Based upon the above mate's prediction it is true that both can't be compared. Now its the time of PayPal. Only when everything goes digital bitcoin's time gets initiated. No doubt Paypal is more popular then bitcoin as it is in existence since a longer period of time and almost all sites accpets Paypal and that factor is missing in bitcoin. |
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Banks will always be needed, even if their not needed they will make sure there is something new that we need them for. they wont just close their doors and move along because some decentralized bitcoin comes along.
Yes, banks will always be there as I don't see that bitcoin can make them disappear, banks are very strong institution at a moment and they have support from the Government. |
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Yes I'm holding them for a price increase because I heard many things about the halving and it would be good so that is why.
Its just a matter of time before the halving will let the price rise to a higher moment.
Everything heard about Bitcoin's halving is gonna happen. The best thing to do at this moment is just holding. Holding till now and selling for this price is a bad decision. Yes we have waited long to see better and higher price of bitcoin, so if we sell at this price would not be good decision its better that we hold for next couple of months. |
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i have a little doubt about btc price in future.should i save btc for increasing value of bitcoin?
or maybe price of btc will be down in 5-10 year
just imagine about future of btc and tell me should i save bitcoins for future or not...?
Well if you're afraid that price will fall down to 150 or less the sell them now and be happy later And if you trust us then keep them of course, because i think that price will rise this year for sure, maybe even to 700$ at end of 2016 Yeah we can expect that price by the end of this year, as halving will take value much higher and we can expect by the end of the year price can be around $1k. |
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Should I sell my BTC or wait till it goes up and why do you think it will go up?
Well if you want just to get more money using bitcoins, then you shouldn't sell when price is low, because you will lose your money, sell only when they're expencice, and yes price will rise now so you should keep them Yeah selling at current price wont be profitable enough as the price is not too high at a moment so if you hold at a moment and sell at the time of halving can give you higher profits. |
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I think bitcoin will be more powerful by then and the value would be around $2k (guess) but I think bitcoin can achieve that value in next 10 years.
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May be we will see that price after few months of halving as it is expected we will see major price drop after halving as majority of people will sell their coins by halving.
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Looking at the history of both I would choose to invest in gold as I don't want to experiment with my money and my investments, I will play safe and invest into gold.
for history bitcoin was 7 years old then their historynya still very short mate. gold certainly has a better history because they are thousands of years old. we must look at its potential Yeah the bitcoin holds better potential in compare to gold, and at a moment if you invest in bitcoin then you can expect a better profits in future as price would be higher in future. |
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All facts saying that bitcoin will keep progressing and growing. Sure it's unpredicteble but anyway looking back in past we will see that bitcoin's price keep rising and i doubt that's smth will change.
Yeah, bitcoin's price is just going to rise and fall, there's nothing wrong with that, only those who don't trust bitcoin would believe that a price dip is a very big drop..most of the speculation of bitcoin's price is almost pointing to increase in the coming years.. i am not sure what would be the price of bitcoin in future but I have a feeling that price would be higher in next couple of months at the time of halving. |
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I would never quit my day job for a job to go full time bitcoin, its not a monthly salary you are guaranteed from.
The bitcoin can also lower a lot and than you will even lose a lot of money.
I can draw the conclusion that the problem is fluctuation. that prices can change at any time. it makes our income be up and down. uncertain while the price of bitcoin is still fluctuating. probably still a few people who are interested to work full time in bitcoin If you don't have any other thing to do then you can go full time in it, but If you have a good job then it is not recommended to quit you job and only depend on bitcoin as it can be risky if bitcoins don't do well in future. therefore You must think and consideration when it wants to join working full time in bitcoin. seek advantages and drawbacks about work in bitcoin and work in real job. if you've calculated it all. it was the best answer. this time I'm just doing a part-time course  Yes, the good option is to earn more money not to spend time in like/unlike currencies. If your offline job is letting you to earn low amount and bitcoin give you more earning then give time to bitcoin. Indeed, but you have to keep in mind the bitcoin itself can collapse and is unpredictable so keep that in mind. Its all about the future from the bitcoin, and the monthly salary you are getting if you got a good job I would not consider this at all, its too risky. i'm sure bitcoin will not collapse in short time, you must see many companies has accept bitcoin and it make bitcoin is already growing now. Bitcoin have already started to gain pace and its growing at a moment, but that doesn't assure us that we can start trusting it blindly and depend only on bitcoin for living. |
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If it doesnt matter than nobody will use it and it will not even exist. Bitcoin will be later in the future the most used payment method.
And that will be so good. But you never when it will happen when the value is going to rise and that is the problem.
bitcoin is a commodity and currency of course the price and value is very important for the future of bitcoin. prices will determine the user's interests as well Every user of bitcoin depends on its price and it affect them and their daily life,bitcoin has growing recently so bitcoin price is really important. Yes I think people are using and holding it only because they have faith that in future we will see much higher price so that we can sell at that time and make good profits. |
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this depend of haw much money you want to have if this number is 100K then you will need at current price around 240 BTC but if you want more 1 million $ they you will need much more around 2400 BTC and that is a lot i must say
if appropriate wishes of course I would prefer to get $100k. but how about the process? how to get it so many bitcoin. will be very difficult I think it should be in accordance with your abilities The process to get those bitcoin is to work hard for it,play wise if you are in trading know when to sell and buy. There are a lot of work that accept bitcoin as payment maybe you should start with these. Yes try to earn as much as you can as you can never know what exact amount of bitcoin can take care of you in future as we don't know what would be the value of bitcoin after 20 years. |
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The smartest way to get rich in short time is by investing your money into bitcoin, have faith in it and you will make good money in future.
I dont see any people get rich just by investing bitcoin.. Getting rich in trading bitcoin is too impossible ,maybe if you win the lottery youre an instant millionare,,i would rather work, and work work and theres a posibility that i can be rich man than waiting for bitcoin to go up after 20 years. If you work,work and work hard you will never get rich, smart people makes an smart investments, they have vision and they have ability to take risk if you keep on working only hard then you will never get rich. |
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No. No one is now waiting for the price to drop to that value as everyone now has collected a sufficient amount of bitcoin and are waiting for the halving to increase their wealth with the increase of the price of bitcoin, and in that case if the price dropped then no one will then ever try to collect bitcoins and if they get any of them they will immediately convert them to fiat.
It's not just like that.. most of those who invested in bitcoin during this days that the price is high would be disappointed if they would not profit..if the price would drop low to up to $100 per bitcoin,then many of those who invest might leave and might have a bad impression about bitcoin.. That's true if price falls to that level then majority of the people will stop using bitcoin as people gets panic so easily and they would start having a feeling that bitcoin will not grow again. |
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