bitcoin is very valuable for me especially I was unemployed  I think for all users bitcoin, bitcoin would be very valuable, as opposed to the community beginners, who are not familiar with the Internet Everyone using bitcoin really get benefits. To be frank don't think being unemployed its benefitting you and don't get addicted with the reason of unemployment Exactly, bitcoin as offered people the opportunity of employment, I mean people who were struggling with their professional life, bitcoin has given them opportunity to earn good income, and bitcoin is not a full time job but atleast it is taking care of their basic expenses, and the people who are totally involved into bitcoins would surely quit their jobs and will get full time into bitcoins. |
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As you see, the Bitcoin is crashing and trying to break a new low until it stop. But I won't sell any Bitcoin at this time, I believe it will rise again as it always do. haha, you were damn right! The price of Bitcoin has raised more than 15% since your post. It is $417 right now and Lets' hope it will be $450 again very soon (I mean it will take 2-3 days not more IMO). Patience Pays, I don't think this is the right time to sell bitcoins, this is the right time to hold for the next few months and sell it at a right time, I believe this is still right time to buy few more bitcoins, as price is not that too high, it is predicted that the price of bitcoin will cross $500 mark so if we buy at the present price still we can enjoy some good profits in the future. |
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you can try from gambling and if you have very much of luck you will get 17 btc from yours 7 btc but gambling also have very high risk because you can lost your 7 btc only in a few minutes and my questions is would you dare spend your 7 btc capital for playing a gamble?
I don't think gambling is a good idea to get 17 bitcoin, but that is actually the choice to earn that quickly only if you are lucky. Man 17 bitcoins is just a lot of money I think is just beter to try to collect more for him. And at the end this year to sell it something, because maybe after halving the price will increase. If he wants to make quick 17 out of 7 then gambling is the only option, even trading involves a great risk and it is time consuming as he cannot make this quick profit in a single day, if you can afford to take risk then gambling can solve your problem, and I believe higher risks higher returns, If I would be having 7 btc in my wallet then I would surely afford to take risk and atleast make it 11 to 12 btc. |
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I think because too many sites investments are going to scam, better to save instead lose a lot of bitcoin, lately ore-mine to be a scam, many people are losing tens of bitcoin,
If you will invest in ponzi scheme, then the result would be same that you will loose all your hard earned coins in a single moment, it is better to buy some bitcoins at a moment and hold it for future, if you have good amount of bitcoins, it will serve both the purposes it is also saving and it can be a good investment for the future so it can take care of both, saving and investments too. |
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There is no easy way or else we wouldn't be here but on our yachts! I think you need to work and be innovative and think about things differently in additional to allot of effort.
innovative thinking? create a business that is different from the others. it will differentiate you and make your business popular, but what business should I run? I don't know which country you belong to but if the people in your country are not aware about bitcoins and you are aware then you can teach them about bitcoins and start earning money, you can buy multiple accounts and ask them to work on it on signature campaigns and pay them a part of it in the terms of salary, you can earn good amount of money from it. |
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The price of Bitcoin is definitely going up now. We saw a drop to $370 and now it is back on the rise.
Yes the price is going up. from the stabilized 380$ range it had touched a massive 424$ to the max today and now getting stabilized over the range of 415$ which is definitely good for the users. Most probably we can experience the hike gradually over the days. today really a beautiful day, 2 days ago I bought bitcoin at the price of $ 378 and now the price rose to $ 416, a big profit, I think it will go up again It will surely rise but the good news is the price of bitcoin is stable at a moment, and we want it should reach to a new level and remain stable for a longer period of time, if the price is stable it will allow more and more users to enter into the world of bitcoins and that would be main factor responsible for bitcoin getting into the mainstream, it will surely cross $500 mark in coming few months. |
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Both are good investments IMO but gold is better for long term low profit low risk investment type, and BTC is the opposite in being high risk, high profit and relatively short term investment.
it looks like the movement of the gold market very slow, certainly people who want to get a quick profit will not invest in gold, just like me, I prefer bitcoin Bitcoin is always good for short term profits, but if you want to earn safe return on investments then gold is the right choice, as gold is traditional it can never disappear from the market, where as bitcoin is a new technology for many people and we are not sure about the future of bitcoins, so investing in bitcoin for a long term can be proved to be an risky business. |
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I actively gamble with my Bitcoin if that counts. Other than that, no.
Ofcourse it counts, if you are gambling with bitcoins that means you are spending your bitcoins and that is the more important rather then just holding your bitcoins, I am addicted to gambling and I keep on spending my bitcoins on gambling, sometimes I win and sometimes I loose, whenever I win I convert certain amount of bitcoins to my fiat currency and transfer it to my bank account. |
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in 20 years 1-2 BTC will be enough to retire on.
Dude you realy think it will be enough i mean i want to have at least 20 just to be sure Thats not enough. It depends on requirement. For sure you have 20years more. So that can have a try to get 5bitcoins every year which will count to some 100bitcoins which is more or less enough based on your necessity. Wrong. in 20 years, bitcoin's value will either be high (say $50,000+) or very low (say under $100). In either case, you won't need 100 bitcoins because it'll either be not nearly enough, or you will need much less. that satoshi prediction started in 2010, so 6 years already passed, it's 14 years remaining at this point, not 20 anymore, the final target is 2030 and anyway i doubt 1-2 btc will suffice for a retirement How much do you think bitcoin will be worth in 2030? I'm always wondering this since you don't need to be a millionaire to retire going by simple math based on the halving, and on the fact that the value will not remain at this point because of that reason, i can estimate around 10k(8k to be precise) for 2030, as a minimum value, not peak I am wishing that what you said can be true if bitcoin will be 10.000 dollars worth in 2030 oh damn I will be a happy champ. But the problem with bitcoin we can never know what will happen and I think it won't be that stable for that price. So lets see what is going to happen in year 2030 man I don't like waiting. You need to wait mate if you want to enjoy the profits, but I believe not to wait till 2030 as it is a long span of time, and maybe bitcoin would not survive till then, so its better that we believe in present and keep on playing with bitcoins when there is price fluctuations, I feel having 100 bitcoins at a moment can be a descent amount to hold for next 5 to 10 years. |
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Bitcoin has it's own advantages and disadvantages but what i like most is that it is easy to use.
Easy to use and sending money is really nice as the fees are very low, the issue is the confirmation time that can take few hours up to few days
Everyone here is complaining about the confirmation time, rather then praising the advantages attached with bitcoins, delay in confirmation is not a big deal WU takes 24 to 48 hours for credits and with higher fees, comparatively bitcoin transaction involves least fees and credits are instant, the issue of confirmation will be solved sooner or latter. |
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I dream that Bitcoin will one day become the currency of the world. I know that my wish will never be fulfilled.
There are few possibilities so that your dream come true and gets fulfilled. The possibles are your dream should not exceed 1000$. This can be achieved within few years. I don't think that bitcoin gets centralized. If bitcoin gets centralized bitcoin will surely loss its unique value. Decentralization makes bitcoin more attractive and that is the reason people prefer to use bitcoins, and yes if it get centralized then it will simply disappear from the market, and will be replaced by any other crypto, bitcoin will become a strong currency in the future but sad to say not the primary currency. |
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Lack of adaption is the biggest problem for bitcoins. There are ways to make it usable everywhere. Like foldapp, there must be apps for all kind of people to use it for the day-to-day means of activities like retail purchase, offering to home less people and many others. This is the basic thing everyone spends money, If you enable basic spendings of everyone via your app to adapt bitcoin, easy to go.
True, true, true. How about media coverage. So that this companies that makes apps will see that there are now a lot of people using this kind of currency. That way is one of those company use it maybe others will start using it too due to the trust that have been given by that company for the currency. Media will never come in support of bitcoins as they are busy in spreading negative news related to bitcoins and government is supporting them, as governments view bitcoin as a threat to banking system, and if bitcoin gets on the mainstream then there would be a full stop on their corrupted activities. |
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Advantage: Easy to use, price will rise * it's like a gold.
Disadvantages: Hackers and general security, bitcoin is safe only in cold storage on safe place!
Relative slow transaction
There are many advantages we can enjoy with a bitcoin. But the disadvantages only may happen in our mistakes and carelessness. If we have strong password and all required precautions methods then there won't be any disadvantages with bitcoin ecosystem. That's true there are many advantages associate with bitcoins like decentralization, low transaction costs, instant transactions and many, the major disadvantage of bitcoin is that it is not popular in every corner of the world and bitcoin is lacking support from the Governments and banking system. |
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I bought a couple of Bitcoins when the price was $350. Now that the price has risen I am not buying. Hope it doesn't go back down.
Lucky you. But have you sold it when it became 430 or something? now it is going down again so your profits are getting low again because you bought at 350. Good luck to you my friend. No need to panic even if bitcoin falls below $350, wait for the right time to sell and price will be much higher in the coming months, you are already enjoying profits at a moment with the price that you bought, I am buying even at the current price, as I am sure it will cross $500 mark very soon. |
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I can do online jobs offered by any one in the internet and get paid in bitcoin, like doing signature campaign as well.
Signature campaign is the best source to earn some bitcoins the most important thing for me about bitcoin is the price volatility as I can make some quick profits out of it with trading as it is not possible to earn with trading from gold or forex, I buy when price falls down and sell hits up and that is the best way to play with bitcoins I guess. |
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Well yes, i bought some clothing. but i think OP means in real life.
Then my answer is no. This is due the fact not many shops accept bitcoin.
Which is quite a shame.
It's not shame mate, you need to have patience as there are many countries who have not even heard about bitcoins so expecting from them that they start accepting bitcoin as a mode of payment is simply not possible, bitcoin still needs a time and support to grow and the day will come when we will pay only in bitcoins. |
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No, because I cant use it to pay something in my local region yet.. I hope soon there some shop in my region accepting bitcoin.
lol I will cite as you said, dollar or other currency who cannot use it to buy goods or stuff in your country or a country, could you call it is not real money? Correct, even if you can make online purchases using bitcoin then it becomes real money and it can also be converted to fiat currency which can help you to buy stuffs in your country, so basically it is taking care of your needs, and don't worry there would be day when you can pay direclty with bitcoins to buy any physical product. |
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So funny that people thinks that bitcoin is dead.
After all this can be the year for bitcoin everyone is specting a good increase after the halving.
For sure bitcoin won't dead I think it will just take a long time before it goes. we will see what will happen.
I'm pretty sure this post was a joke like many others because the whole ''bitcoin is dead'' is a meme now, a joke, everyone says it every time there is a dump. We are experiencing a big pump right now and it seems like it's going to be stable at 400-420~ the next few days. Yeah and I feel pity on the people who feels that bitcoin is dead, maybe they are new to bitcoins or they don't trust bitcoins or else they are listening to others they are not capable of taking their own decisions or come to a conclusion, bitcoin is dead only in the minds of negative people who are still strangers to bitcoins. |
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The most important thing that's stopping people from using bitcoin is what the media puts out about bitcoin. Whenever the media gets involved, it's always a negative thing what they say or write about bitcoin. This is not helping bitcoin at all.
That's correct media has played an very important role in spreading the negative publicity related to bitcoins and media has a great influence on the mindsets of the people they just get carried away with the news that is displayed my the media and also the government is not coming in the support of bitcoins, if bitcoin gets support from the government then it can be more popular. |
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Dollar is accepted everywhere and many people in the world hold dollar that's why i never think bitcoin can replace dollar in the future.
Bitcoin is both money and investment. US dollar is just money/currency. So Bitcoin is superior to the USD. It will replace USD as reserve currency. Everything you said is acceptable except one that you said as replacing the USD and taking position as reserve currency. USD dollar has a long back history by which attained this level. But bitcoin evolved only years back which is not that easy to take over USD's place Exactly, it is really very difficult to replace USD by any majory currency and replacing dollar by a crypto simply impossible, as dollar is traditional and bitcoin is a new born currency, people would surely use bitcoin as a currency but it would be definitely a secondary currency and dollar will always remain a primary currency. |
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