People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.
Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.
If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!
In every investments, whatever it is, you must take some reservations. You must reserve some time, money and effort so that it is not so hurting and you will not lose everything. |
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Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
I think the country's approval is a great impact to crypto currency. It is just a sign that crypto currency can be relied on and it is safe for transactions and investments. |
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Many people are waiting for the market recovery to sell their coins but I bet you,as soon as market recovers ,they will feel reluctant to sell.
Of course yes!I will sell all of them. That is what I am holding for, waiting for the price to rise. And when the time comes I am going to be happy. |
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As we had seen last year, the price of bitcoin went exceptionally up in a very less period of time. Many sold at high, many bought at high. There are people who are holding since they bought at high like $17k including me who bought at lesser yet enough high at $13k. Can we expect a similar or better high this year ?
Last year was a good year, the price gets higher. This year I am hopeful that it will be the same or higher. I will just hold still for my coins and we will see in the next few months. |
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What a hardwork you had. I appreciate you for doing this research. I too, wondere who is Satoshi Nakamoto, is he real or just a name for a group of people. |
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stupidity is so close to poverty, do you agree with such a phrase? if it yes, means the poor are the fools. I want to know your opinion.  I think it just means that when you are stupid it is sometimes a hindrance to your success. Stupidity sometimes or most of the time will lead to failure. So we must be smart to be successful. |
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To me the answer is No. Money alone doesn't make an individual rich. A lot of people go to work everyday, working for money and making more money, but fail to become richer. Ironically, many only grow deeper in debt.we have all heard stories of lottery winners who are instantly poor again. Also there are cases of real estate going into foreclosure instead of making homeowners richer. We all know of persons who have lost money investing in the stock market. Maybe you are one of those individuals who have lost money investing on cryptocurrency,Bitcoin to be precise. Even investing in gold(real money) can cost the investor money
For all intents and purposes, it is not business, estates, stocks, bitcoin (crypto currency) or money that makes a person rich. It is information, wisdom, knowledge that makes one wealthy.
Money is our tool for survival in this material world. But if we will talk about being rich, there are lots of aspects in which one will be considered rich whether with or without money. All of us can be rich, with knowledge, wisdom or any other thing even without money. |
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The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.
Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.
Knowing there are lots of us who support and love bitcoin, I think it cannot be as what some says a bubble. This is and this will be the new currency of the world. |
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So, this is another great news for all of us here. I know there are more countries to join too. And so it is expected to have a bull run soon. Let us just wait for this to happen. |
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Bitcoin has now reached in some countries in AFRICA and this is very good to bitcoin users. An ATM machine for bitcoin has been launched in kenya and so lets call bitcoin a long last crypto currency for ever. it will stay.
Wow that is so good for them. They now can experience using atm for their bitcoin. I wish I could experience that too. I hope our country will use atm too, hopefully someday. |
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As an investor one thing you shouldn't engage yourself with is Predictions, if you want to be successfully in this Crypto ecosystem, you need to stay off any form of market prediction.
Here are few reasons why you shouldn't engaged with it (market/price prediction)
1. Predictions can be wrong
2. Listening to predictions makes you a speculator
3. Listening to predictions makes you an onlooker
4. Price prediction gives you nothing for today, only false hope
5. Listening to price prediction makes you think in one direction
Finally
Don’t let speculation and assumption make you decide what to do.
Maybe it depends on you and how you handle yourself to some predictions or speculations. It is just up to you and your instincts. Whatever is the news you heared, the decision is yours. |
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Bitcoin bull Tom Lee, Fundstrat, still believes the cryptocurrency (Bitcoin) will hit $25K by the end of this year. https://www.youtube.com/watch?v=4c8bf196Qg8 Do you agree with him? For me, I think it is quite possible for bitcoin to hit $25k at the end of this year. Yes, it is really a possibility. December is a peak season so it has a higher percentage of reaching at its peak also. We must all be prepared for that time to come. |
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You are quite correct. People who invested during mid December and late December will be worried now, that is if they are not long time believers because since its ATH, it has not got to $13,000
I agree. It too long then holding their coin. But maybe, they must just extend their patience for the price of bitcoin will not stay at its lowest. In investment, our patience and faith is really being tested. |
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If the opinion of Robert Schiller is seriously taken into account by investors from around the world, it is simply because he was the Nobel Prize in Economics in 2013. But when it comes to talking about Bitcoin, man does not chew his words. He is not seized by the craze that surrounds crypto-currencies for several months now.
Mr Schiller believes that Bitcoin is a speculative bubble that will end up exploding, even if in itself this virtual currency should not disappear.
Though he is famous and a world record holder for nobel prize I will not believe in him. Bitcoin is not a bubble and it helps lots of people. Whatever will other people say about bitcoin, I will stay believe in it. |
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Mistake 1: Never lend someone money you are not willing to loose. When you lend someone money, always assume you may never get it back. If you feel that after lending the money out you may not be able to survive with what is left with you, then simply don’t lend the person.
Mistake 2: Whenever you have the opportunity to meet a wealthy or an influential person, never you ask for money, but rather ask for ideas or ways which you can grow your own business. That will make you a more purposeful person.
Mistake 3: Never you spend money you haven’t received or expecting. In other words, do not buy anything on credit because Mr. A has promised you certain money, or that Mr. B will pay you the debt he owes you. It might make you to run into debts should the source fails to pay. I hope you understand this point.
Mistake 4: For proper saving, do not attempt to save what is left after spending, but rather spend what is left after saving. Like you already know, human wants are insatiable, as long as you have the money, you will always have something to buy. Also, never you keep any money you are not going to spend on short term handy or within easy reach. It is best to keep it safe away.
Mistake 5: Do not sign as a guarantor to anyone on financial matters unless you have enough or are willing to pay any misappropriation or money that may arise from the person’s misdeed. THIS IS VERY IMPORTANT. It can cause you problems.
Mistake 6: Do not consistently spend more than you earn or spend all that you earn. You may not have anything for the rainy days or at retirement.
Mistake 7: Do not spend more money on an item you can purchase same for less within the same neighborhood. It is not a wise spending.
Mistake 8: Never you borrow money that accrues interest to start a business. That will put you undue pressure as you will be working to service the debt and the accrued interest for a long period of time. It could be frustrating especially if things are not as perfect as you would have predicted.
Mistake 9: Do not starve your family or fail to take your child to the hospital SIMPLY because you want to save the money you have for the future. It might leave you in regrets.
Mistake 10: While it is good to save, it does not necessarily means you should save all the money you have. Learn to reinvest some so that it will yield more. It is like planting a seed or grain, nurturing and watering it to yield more fruits. This should be self-explanatory I think.
Which of these mistakes do you think people are guiltier of? Do you think there are other mistakes not included here? Please share your thoughts.
This post is really a good one to remember. It is a reminder for all of us. While reading this, I do realize some of my mistakes in handling finances. |
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As i am new to bitcoin so i dont have much experience in bitcoin but i saw my friends using bitcoin and earning more profit in bitcoin where i can see much development in their life.
I am likewise too. I do not yet fully experience the greatness of cryptocurrency but I saw my friends too. And it is so inspiring seeing them from rags to riches. |
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maybe there's nothing to do and if some years have passed the price of your hold is great, but it's best to put all your wallet info just as soon as your family finds it or you can tell them if you go procedure how to make money for not being able to work
So your family must know all the informations needed to access your account. If not, it will be lost forever unless there is a great hacker who can access your account. It is best to be transparent to your love ones. |
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How many celebrities or high profile individuals do you know of that owns and support Bitcoin? I think if we can get some high profile users, we might get some good exposure going forward. When Playboy started out, they realized that they should start the magazine with a BANG, so they bought nude pictures of the most well known person in the world at the time and put her on the front page. <--- Marilyn Monroe ... This put them on the map and they built a global empire. Who will be our Marilyn Monroe? So far we have had some high profile users like Mike Tyson and Ashton Kutcher, but we need a globally recognized ambassador for Bitcoin... our very own, Marilyn Monroe. Source : http://www.coindesk.com/10-celebrities-investing-using-talking-bitcoin/Those high profile and peoples's icon will be the good ambassadors for bitcoin. They are famous so if they support bitcoin then bitcoin will become more famous. |
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it can beat bitcoin, bitcoin has market gone down,because buyers are buying less bitcoin, they are checking other bitcoins, which is good and highest price.
Yes, probably etherium can compete with bitcoin. More and more people are getting more interested with etherium. But anyway, as long as bitcoin is available, I know the people will choose bitcoin. |
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We cannot tell exactly what will happen in the future. But it really has a possibility. But I just hope it will not happen. Bitcoin is the most reliable of all crypto currency. |
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