I think dumping is less beneficial than actually long term investing when we talking about bitcoin of course day to day trading can give profit but imagine the profit from long term investing where the value could triple then your money tripled as well.
you can do trading to make some profits thoughout the months, and you can have a certain amount of coins aside as a long term investment. you don't need to choose between one of the two when you can combine them both for maximum profits. this is what i have been doing since i started with seriously investing in bitcoin back in 2014.
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yes , still it will remain popular . Because bitcoin in the online world is not only for trading but it is use as payment in worldwide . and no limit to save money and free of taxation .
for the average joe stability is a great thing because that's exactly what they are looking for. i personally wouldn't mind some sort of stability, but as a trader i also like the times where the volatility takes over the market.
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I am a fan of dump and buy short term day to day trading, Okay long term investing can make you more rich but for someone like me that needs the money pretty quick this is a way better option then to wait 10 years.
you can do long and short term investments in the same time. i do exactly that. i am holding my coins for the long term, and in the mean time i entertain myself with trading against the volatility. that way i can benefit from both without having to choose for one of the two.
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If someone (bank for example) could block your money account, it means it is not your money. Nobody can block my bitcoin account, that is why I use bitcoin as a customer! We have to explicate what bitcoin is, why we shell not trust to banks.
if you store all your coins offline in your own control, and don't make use of online wallets and exchanges to store your coins, then no one can freeze your coins or tell you what to do with them. there is no interference from anyone. it's just you and your coins.
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nothing beside having a chat with him. i will make sure his identity remains unknown by not letting anybody know who i managed to find. i think that's fair enough.
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i don't think so because until now, the government still not make any decision about bitcoin is legal or not and we can still use bitcoin but with our own risk. maybe in future bitcoin can replace dollar, but its only my prediction. i only hope that the price of bitcoin will be increase there is no need to think about this. governments will never allow something to take over that is capable of bringing their economy in danger. they will never allow bitcoin to come close to banks or any other fiat currency. at that moment governments will come in action to push bitcoin back as far as possible.
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I would split it and just put 10k on my bank account and with the other 10k I would invest in the bitcoin but also in the altcoins so you can trade them later for bitcoins. Trading and holding the bitcoin can be very profitable so that is why you should do this.
he has $20k for investment purposes. so i think it's quite safe to assume he also has his savings alongside the $20k he is looking to invest. but yes, holding and trading are great options. holding is more for people not willing to take the risk of investing it.
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I believe gold is not better than Bitcoin but Bitcoin also not better than gold. Reason for this is like people pointed out they are both good for different goals. So it all depends on which goals you have for some goals gold is better for some goals bitcoin will do you better.
Both have their own advantages and disadvantages and it will depend on individual in what sense he wants to make money, if you are a safe player then you will choose gold or else bitcoin. gold is for people always the safest option. especially because of the fact that a lot people see gold as some sort of safe haven. another important aspect for the average person is that with gold you own something physical. i quite often hear that they can't hold bitcoin in their hands, and thus it's not real money to them. very weird.
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Bank and bitcoin have advantages and disadvantages of its own. to save money cash me, I prefer to Bank because guaranteed very safe to invest I prefer bitcoin because bitcoin very promising to be used to invest
you know what the best thing of this all is? there is absolutely no need to choose between these two options since you can use both at the same time without any problems. But everyone know that with banks we are facing a lot of problems there are much more limitations with the usage of banks while with bitcoin there are no or much less limitations so I will want to go for only bitcoins. Can you explain what problems you are facing when using your bank? I honestly don't experience any problems. I am not paying any transaction fees, I can withdraw my money at any time, my bank card with NFC offers me a way to complete transactions very quickly. It's not at all bad. I have few problems in bank either, when I try to withdraw my money with their atm. Sometimes the atm doesn't enough fund for withdrawing, I don't know if everytime it happens it is exact to me or that is just happening in coincidence. But for their service in over-the-counter transactions I'm having no problem at all. It is not you that has that kind of experience, sometimes ATM goes offline and that is so annoying when we need our money urgently. But the suggestions here that you should not is that you have to open a bank accounts on different banks so it will be convenient to you. not sure from which countries you guys are coming, but here in the netherlands i don't have any problems with atm's at all. the only error i once have seen in the news, was that atm's were giving out much more money than people were initially withdrawing.
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Yes, I would still use it but I will only use computers located outside of my country to store and transact the bitcoins. I would avoid transactions with people from my own country. At some point I will give up my citizenship and move to a free country where bitcoins are not illegal.
and once you're moved, and the free country you moved to suddenly also puts all kinds of restrictions (ban) regarding bitcoin usage, will you move again? in my case, i would simply rent myself a vps and do my bitcoin related stuff from there.
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yes i think because you can not steal someone bitcoin or money without a private key you can also see like the government address to check if they using the money right and not stealing it
you don't have to seize someone's private key in order to steal people's coins. you connecting to an unknown wifi network is enough for someone to have access to your device, and send your coins to one of his addresses. and this is just one common reason of how people get robbed while they don't know it.
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Bank and bitcoin have advantages and disadvantages of its own. to save money cash me, I prefer to Bank because guaranteed very safe to invest I prefer bitcoin because bitcoin very promising to be used to invest
you know what the best thing of this all is? there is absolutely no need to choose between these two options since you can use both at the same time without any problems.
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I think it's quite obvious that bitcoin can never replace fiats . Like what wil happen to trading and the exchange businesses? See It doesn't make sense . There are many hurdles to overcome for bitcoin to replace fiat however bitcoin as another form of payment into some businesses is a great thing and might happen anytime soon.
bitcoin in its current form functions extremely well the way we use it. in that aspect there is basically no need for bitcoin to replace anything. especially because it's simply not realistic to think bitcoin has even a slight chance to replace any fiat currency. people should stop hoping for this to happen. it's a waste of time.
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I now go with weekly earnings and maybe when I got a little bit of bigger income I would make it monthly. But in terms of daily if I would be estimating the average I guess I can do 1 million satoshis a day and that is a bad day for me.
depending on what kind of efforts you are doing to gain 0.01btc per day, it's not that bad at all. it basically means that if you are having a month full of bad days, that you earn around 0.3btc in that time. i think that's quite impressive.
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Hmm im not going to sell any coins either the price of bitcoin is still stable and there are chance that it could be a price when the years end i already saw the graph when the price of bitcoin in the year of 2014 its really cheap and in the year of 2015 the price of bitcoin is at $400 now 2016 600$ after this year 2017 and the bitcoin will be $700 i guess hoping soo you shouldn't be comparing the current price with how it was years ago. the current situation is a whole lot different. back then when the price was much higher than right now, it was a bubble that was about to burst. at the moment we seem to have managed to go up in a sustainable manner that suits us all. and that's what you should be looking at.
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as only a suggestion i will say saving money is the best option for everyone as it will not only satisfy a bigger demand but also can be used to fulfull an emergency need but we usually invest that money too so that is not stoppable but it is controlable so try to save a percent of your money
saving money to have some money aside for when you really need it is a good thing, but saving in order to gain a little bit of interest is basically a waste of time. that's why it's always a good thing to spread things. i say have at all times your fiat percentage sitting at 50%, and with the other part you can do trading, or invest it in something you think is a good investment.
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If you have a larger amount tow invest art pieces are good decision. You can't go wrong with that, their value rises up all the time. Investing in gold or profitable shares is also good one. Depends also if you thinking on long term investments or something that would pay out rather fast.
in some cases art can be a more than decent store of value tool, but only a very small number of people are interested in art as an investment/store of value. gold is a much more preferred option compared to art.
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of course with ease and all forms of renewable technologies, bitcoin could facilitate access to finance for such a poor country. a country will be more easily conduct economic transactions. they can introduce local products superior to other countries.
the corruption will most likely prevent bitcoin from getting its foots on their territory. if bitcoin implemented well enough, it can definitely have a decent contribution towards giving people a better future and such. but the corruption in these countries don't want that to happen. everything they do, is done in their own interest, and not in the interest of the citizens.
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I got hacked and also I lost some in the early days when I lost my wallet login, but that was very early on and once in an exchange I lost some to a hacker. That's why it is not good or advisable to have all your btc stored in one place, but that's just my 2 bits! this just shows that even in the early days you should never store coins in an exchange. but still, people don't seem to have learned anything as certain people use exchanges as a long term way of storing coins. that's just stupid. it really makes me think whether or not they know what they are doing. probably not...
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My plan is to get a lot of profit by the bitcoin, I invested now in the bitcoin. If the price rises I will sell my bitcoins for a lot of money so I can make a lot of money from it.
It will take some time but its worth the time, time is money that's what I see and say.
Getting profit by bitcoin can't sure that you gonna rich there you need to have a lots of capital to start doing some unique activity that really people use you can create your own gambling website make sure that is unique and you cna make profit there approx 6btc a month thats a really big money like gambling website i know Yeah getting rich with bitcoin is not easy as you also need huge capital to invest if you want to make higher profits from it and not all can afford that at initial stage. getting rich is definitely not an easy task. but people shouldn't have their focus pointed at getting rich. especially because the majority of the people don't even have 1btc. in order to be rich, or to get rich in the future, you'll need hundreds of coins. one or two coins don't make it.
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