Thank you for your kind words! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I hope we can provide quality service here as well!
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How is working for Bitcoin any different than working for fiat? I would say the moral of this thread is that freelancing has become a big thing and that a lot of unemployed people are forced to do freelancing. Which can be good and bad depending on your skillset. None of this has anything to do with Bitcoin. Bitcoin only makes sense if you have money to spare. Being unemployed you probably don't have any.
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Both? It's called volatility after all. It will go up and down. The one thing that you can be sure of is that it won't be a steady anything. If you want steady go for stocks or bonds. This is as volatile and unpredictable as it can get. If I were you I would not go for a medium term position right now. Either go for super long or go for short term trades. After all is said and done Bitcoin will survive in some form so a long term bet is wise. On the other hand, if you can predict the market short term the volatility in the coming weeks will be excellent for some trading ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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In a few years, the tax agencies have to realize to reform. Technology seems to progress without them and they are stuck in policy that does not work. They will have to innovate to keep up. You should just admit your taxes for now. Technology will always outpace any governmental agency. Just diversify and You will be fine in the eyes of any tax agency.
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You really need a longer and more technical introduction on this forum. Please list the advantages you bring and let us know the technical advantages you bring to the table.
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You have three option: investing, trading, mining. With investing you invest for long term gain (6+months) and it is the safest option. With trading, I recommend swing trading. Always trade according to the trend. For mining you need some technical expertise, but might be the most risk-free method since you can sell the hardware anytime.
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The question is: will you risk more for altcoins at this time or invest your money into safer investments like Bitcoin, stocks, and bonds. The question is always risk versus potential profit. Altcoins are just another instrument . No better than penny stocks or volatile bonds. Just make sure you invest with the goals you have in mind.
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I feel like Bitcoin might be too complicated for kids. Also, it has nothing to do with savings. You can teach the mentality of saving just as well with fiat currency. There is absolutely no reason to involve Bitcoin if that's your goal. On the other hand introducing Bitcoin might be a good idea to teach kids about technology in general and how it can chaneg the world.
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Nothing can help Greece at this point. It is the vested interest of Germany that any country who adopted the Euro does poorly. The weaker these countries are economically the better for Germany. Germany exports a ton of stuff, they export more than China with a fraction of the population. When you export a lot your currency becomes stronger. If your currency becomes stronger you will get less money for your exported goods. But if you make poor countries adopt your currency it will get weaker. The whole point of creating the euro and destroying Greece was to keep the value of the German currency down. This was a planned attack by the German banks and the German government.
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Bitcoin is not ideal for a steady income. Bitcoin a highly volatile instrument with high upside and downside as well. For a steady income on investment stocks, bonds and ETF-s would be better. Alternatively, peer-to-peer lending seems to be taking off. Also, generic interest in banks would work as well but they are quite low at this time. You could also invest a business, but make sure you trust the people in that case as there is no guarantee in that case.
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If you buy and sell bitcoin you are a trader. As a trader, you have to invest time and resources to make your decisions and do the trades. This means if your profits from trading are lower than the added time investment and stress caused, then it's not worth it. With that time and energy, you could be doing something non bitcoin-related to make money. Investing, however, doesn't require you to stress as much or waste a lot of time researching. Which one you prefer is depending on your personality. They are just different.
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Well, it won't be an easy road. Speculation will be crazy. We might reach 4k sure, but it might fall back to 3k easily. We might also reach 5-6k just for the price to once again fall back to 3-4k. Maybe we stay 2.5k forever or Bitcoin just completely fail-cascades. It is impossible to say and threads are not very useful. On the other hand, investing long term is your best bet. What does it matter what happens 1 month from now? The important question is does Bitcoin have strong enough fundamentals to keep rising in the next couple of years.
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My plans for Bitcoin: Hold, Hold, Hold! Obviously, I also have Stocks, ETF-s, USD, EUR, Ethereum as you should. Diversify as much as you can. But for Bitcoin: Hold, Hold, Hold. In a private wallet.
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The reason bitcoin won't drop significantly or long term is because people are already invested in it both financially and psychologically. If the price drops they will simply buy more at the lower price point thus creating new resistance. It's the same with stocks. If there are no good or bad news the price keeps rising naturally due to this mentality. On the other hand, good or bad news can significantly influence the price. So if a handful of governments would ban bitcoin that would have a serious effect on the price.
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Voting is generally fine. The issue is that everyone has only 1 vote. If everyone had more votes the result of the election would make more sense. This is a good resource on this topic: https://www.youtube.com/watch?v=l8XOZJkozfIThe point is to have more votes or have a list of preferences rather than just voting for one party/politician/anything. This would make all elections fairer.
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I will go where the money takes me. Going after profits is the same thing as following the wishes of the community. The more people invest the higher the price of a given instrument. The only way to loose money is to miscalculate the wishes of the community and invest in a bad cryptocurrency. I don't care for drama. The community will choose the best option, the rest doesn't matter.
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The reason he didn't invest yet is due to politics. Bitcoin is a deeply anti-establishment currency. He has to uphold an image that he is part of the establishment. Microsoft has to continuously lobby high-ranking decision makers which mean going too deep into cryptocurrency would probably hurt their chances. It's all about politics I think.
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I just updated my Skype. Yet I still hold Microsoft stocks. It is the same scenario with Bitcoin. An update is coming so I have to decide if I want to hold more or less Bitcoin. Will this update affect Bitcoin negatively? Probably not, but you should always calculate with a small dip and no matter what happens you must not panic.
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