Yes, at my opinion bitcoins is very promising currency and i hope that someday bitcoin will become famous worldwide currency. I believe in bitcoin.
i think that you are right, bitcoin will replace all the fiat sooner or later, it is inevitable and i think the more bitcoins you will own by then the better life you will have Even if it doesn't replace any major currency we should not mind for that as fiat is doing its job and bitcoin is doing the same, the only thing we want is to spend it at local places. |
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Definitely you should. The less btc you own the more secure your investments are. An exchange gets hacked out of nowhere and bitcoin meets the floor in instant. If you are selling your btc's without any loss, then it is a wise move to buy gold. Gold prices are the same with back in 2012 right now, which looks like a good deal to me.
If you hold the bitcoins in your own wallet, there is no risk of being hacked like what happened to the exchanges. Yeah its always better to save bitcoins in your offline wallet as they are very safe and its not easy for anyone to hack or steal your coins from your wallet. yes it was a good choice, and not have to put a lot of money on bitcoin. but if just holding me think it's very safe and good enough to put a lot of money, except for investments. Holding bitcoin for future is the safest way to make profits from it as holding doesn't involves any risks and you can sell it whenever you see higher price in future. |
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I think it's actually possible when everything's done digitally. When every transaction of every penny is done through bitcoin and nothing else. Every fiat has to be converted into bitcoin and bitcoin will surely have a stable value. It's too far fetched as of today though to confirm that this will happen in the future. If we try to convert all fiat money into bitcoin today, people will just do a protest as the majority of people don't even know what bitcoin is.
Yeah bitcoin is still not too popular in many corners of the world and people will prefer to use fiat as they are used to it and they are using it since long time. bitcoin will be used in every corner of the world in the near future but still people will like to use fiat as there are some local shopkeepers who are uneducated and who are the important parts of the local markets and they only prefer fiat. Exactly that is the major issue as people from poor countries will always prefer to use fiat as they won't be aware about the technology aspects and fiat will always exist even if bitcoin hits the mainstream. |
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The best way to increase/grow your money is to invest in trading in altcoins, for me trading with bitcoins and altcoins together is the more fastest way to increase my bitcoin.
That is the best way to grow your coins and altcoin trading is getting more and more popular day by day and there are few coins which can give you best profits. |
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You can invest them in new upcoming website based on cryptocurrency or invest them in mmo games as they make huge profit.you can also buy ether when its price
Decrease as it is new and strong rival to btc.
investing it is definitely not a great decision because it would definitely be better to just sell bitcoins on a rise and then rebuy after a drop and if he start to trade with altcoins then he will earn more faster, there a few altcoins where by investing he can double his money everyday with continuous pumps and dumps. Exactly if you are an risk taker then you should go with altcoin trading as it will surely give you higher profits in compare to gambling, you can simply double your coins in a single day with alt coin. |
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For long term, no. Because anything can happen on the future and the price of bitcoin always changed and unstable, i think you invest it for short term investment.
I think you are wrong, anyone who have invested in bitcoins for longer are getting benefit from their coins and are happy with their decision, only those who have invested for shorter term will lose as they sell whenever a fall occurs and then start to say that trading is a way to lose. There are many people who are making profits even in short term and they are making good profits on regular basis as they take advantage of even small price fluctuations. |
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yes i spend my bitcoin in very less amount and remains bitcoin i hold for long term investment when bitcoin increase its to higher amount then i convert it to fiat for good profit .
well it might be a really great idea right now to invest your fiat into bitcoins because in this way you can make big money, i will not be selling until we go to a new all time high It is a good move as it is very timely since the price is starting to rally up, if you could wait until this year alone, we might witness an all time high in terms of the price of bitcoin, believe me it will happen so we just have to be very patient for our investment, we have to proud of our self as we did not get into the trap to drop our bitcoins. I do not think the price will start to rise soon. The price of bitcoin show stay at the current level for some time. Yeah for a little while the price of bitcoin will stay at $570 and around it but it is sure that the price will nice again start to increase and it will increase to the level of our expectation. I think the price of bitcoin will go beyond our expectations in future and no one can predict what will be the exact price of bitcoin in future so its better not to spend it at this stage. |
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I think that nowdays it's time to buy, price is slowly decreasing and it's a signal to get some coins for future if price is not very expencive for you ofc.
yeah people will prefer to buy at a moment as price has lower down in past few days so I will go with buying bitcoins as if I sell now then it will give me lower profits. yes i also think so, but the problem is that although every one is suggesting that is good time to invest and the price of bitcoin is really low and the price is going to increase very soon i can see that most of the people are investing money in bitcoin but the price of bitcoin is not increasing with the same with which it was falling down some days before, why is it staying in 570 round about i think it should now increase and raise to its previous position. If you want to see higher price of bitcoin then you need to have patience as it will not reach to the moon overnight but if you can afford to buy and save it for long term then you will definitely make good profits in future. if everyone will start to be in patience then I think it will not help the price to increase we all have to be in eager for the price and have to work hard for it to promote it to every part of the world and have to increase its demand so that the price of it increase overnight. So are you a day dreamer? You feel that it will reach to the moon overnight? If you want to earn profits from bitcoin and if you don't have patience then you are really wasting your time and money here. |
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3bitcoin mean is not so big money you can go travel to abroad for holiday for a week it can make feel to you good but if u want to make money with 3bitcoin you can use it for gambling.
LOL, you need to reading with more detailed about the topic, man. the OP is says it's borrowed amount and if he is receiving their friends offer they must pay off in certain period and then are you sure to giving advice for OP to wasted their money just for traveling and gambling is not giving guarantee for OP?gambling it's not good for the people who is getting their funds borrowing from someone. I think everyone is interested in loosing their money, they have not learned how to save money if they would follow it then they would never recommend to invest it in gambling. |
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It is not big by any means, but the speculation and holding can be exciting. Waiting for the fork and the later or sooner
No one can earn a living by just holding his bitcoins because for earning a living someone surely needs a lot of bitcoins on daily or weekly basis so for that holding wont work as holding them for one week for give much profit always. It's one of my point. You can't do now your favorite holding the coins for price increase because you really need to convert your bitcoin in regular basis. All your main spendings will now be shouldered by your bitcoin earnings so whatever the currenct exchange rate, you are force to withdraw some of your saved bitcoins to be used in your daily spendings. So still it's better if you have another source to support your daily needs and let just bitcoin saved in your wallet. Its good to earn stable income from full time job and invest some money in trading bitcoins from where you can grow your coins on regular basis and if you combine earnings from both then you can earn a good living. Yeah just be careful where you put your coins. A lot may happen and we dont know when or better put it in many wallets and some backup in your own desktop. You can however earn full time with bitcoins if you offer up a service manage faucets/casinos with bitcoins. Bitcoin offers quite a lot of opportunity to everyone. We just need to find what fits us and be somewhat lucky with what business we are to engage in. Earning a living from bitcoin will depend on what skills you hold and what services you are capable of selling, if you have multiple ways of earning bitcoins then you can rely on bitcoins for living. yeah I think you were before you think to live in bitcoin. You must have the skills to get a bitcoin so that when you live in bitcoin you've mastered a method that you will be easier to get bitcoin, do not think of trying to live in bitcoin. when you are not adept to get bitcoin or do not have any skills Bitcoin is always good as an secondary income and if we want to make it as an primary income then we need to really work very hard on it and should make sure that we have fixed amount of bitcoin in our wallet on monthly basis. |
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I am holding it for price rise as I am very much sure that price will be much higher in future which can help us in earning higher profits.
I hold most of my bitcoins. I bought most of them several years ago. I also use some of the coins to buy things. Unfortunately here in my country and in most countries there are no shops online or offline to buy physical items with bitcoins. Okay, it's happened in my country but I never think about it, because during i is still can exchange my BTC into local currency I think not having a problem with another thing like buying bitcoin with bitcoin form. Yes and even if cannot buy anything directly with bitcoin we always have an option to convert it to local currency and then spend and that is the best thing to do at a moment. |
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I hold some part of my signature campaign earnings , and i use the remaining amount to pay some bills online and to buy some needed services and goods as well
I am doing the same but the major issue is we cannot spend our coins anywhere we want as there is no shop available to spend it offline, so saving is the the only option left. |
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I lost just over 9 bitcoins about 3 months ago and £54,000 all in the same month because of bitcoin, long story...  i personally lost bitcoin for so many times but only in gambling, with my on fault, But ,i wanna to criticism about this sentences, you can't include losing amount in gambling in listed of lost because I sure before you trying playing gambling you already know and agree about the risk you can get from them. Obviously everyone is aware about risk associated with gambling but still people prefer to go with it as they want quick money and only gambling can help them in achieving their dream of making quick money. |
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I'm using Bitcoin with my Steam and Xbox accounts, most of the time. It's hard to use it in a daily routine especially when there's no shop nearby accepting BTC as a currency. Also, on gambling websites if they count too.
Most of the users are spending their coins in gambling hoping to multiply it quick, but the important thing is that it allows the circulation of bitcoin in the system which is really important for the higher price of bitcoin in future. Gambling alone will not be important, as the gamblers are lesser in number and with that newbies will consider it as the currency of gamblers, there are a lot of online stores which accept bitcoin we should have to go there also. Yeah its better to spend bitcoins on productive things instead of wasting it on gambling, as gambling never promises us regular returns so its better not to put our bitcoins into it. |
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I want ask anyone if i give you 10 Btc what will you do. because i want investment but i have no any good idea to invest it (except gambling) but i don't like dambling.So i want ask you viewS.
Hold the half and invest the rest also I don't think someone will give you 10 BTC since the price of BTC now is ridiculous. i agree with you about hold the bitcoin and i think i also hold that 10 btc and its right time to hold bitcoin because bitcoin increasing its price too much faster day by day. Its good to hold it for future but you also need to take some risk to grow it so half of it should be invested in trading and the rest should be saved for the future. If he knows maybe no needs to fall in trading but just waiting for the price is increase and sell them and waiting again about the dropping price and buying again, maybe it's will be better if combining with another way like trading. That is the safest way to earn profits from bitcoin but its bit time consuming and risky too as we never know what will be the price very next day. But holding it for long term can be really profitable. |
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It's important to have reserves, but if it's fiat the inflation may affect the purchasing power of these reserves. So it's important invest part of it to compensate and to have profits. But if you have bitcoins besides fiat you clearly have some advantages.  For me it is always been good to save money for sure. Because if you are going to save money, you have something to get on your pocket. And it is a good attitude if you are saving your money even without purposes because you can use it for investments too in the future. I have seen many people who earn a good salary but fail to save money and keep on spending on useless things and put themselves in trouble at the time of emergencies. |
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IMO It's better to save bitcoin as the price might go rise up in future because bitcoin has great future ahead. But if you need money, you could some of your bitcoin for your needs, and save the rest.
I prefer holding too at the moment. There is no way we can always be at this price. Eventually the price will go up or go down. My guess it will go up in a matter of 2/3 years, so I am not selling. We will definitely see higher price in next 4 to years so its always good to hold your coins for the future to earn best profits from it. 4 years are a guaranteed time and so many things will happen that time like the possible crisis. However, if you are a real believer you wold not be easily affected with this crisis that may happen and you will enjoy your profit in the future. Major issue is most of the users gets panic when they see price going down and start to sell their coins, people should have confidence in ability of bitcoin and should blindly hold it for future. |
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It really is, you really should do that, because you can buy it for less and the maybe the next day sell it for a lot more
Well it is really going to be have a good long term investment if you are going to buy one bitcoins today. And it is possible that the price you are going to buy today is going to have profit in the future. And it is possible that you are going to double your earnings or even higher. I suggest to accumulating coins bit by bit over the time for long term investment purpose because no one knows what will be the price of bitcoins after one year or next month. Everyone just thinking its demand will grow and its price will also grow but in reality, it may not happen so to get the best price accumulate coins bit by bit whenever you think prices are reasonable. yes if buying 1 BTC at this time, it is better to grow it, rather than just holding it for the long term. because amount 1 BTC unfit to hold in the long term, it will not mean anything. but if you grow it, you have the potential to have a lot of bitcoin in the future. For me the price is still good enough for buying today. And if you are planning buy one then make sure that you have enough fund for buying it. Because if you are just going to buy it without any reason or you want just to get into the trend then you are just going to waste your money. But if you are going to put it on a long term investment. And that's better. To earn high profits from 1 btc I think you need to hold it for very long term and there is no guarantee that you will make big from it as we never what will be the price of bitcoin in future. |
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greater profit potential if you never sell your coins and hold for the long term, because in the future all believe prices will rise very high. I also did it for the future.
Holding bitcoins for future is good for earning some profits with it, but holding them for too long can be worse sometimes because sometimes the price comes down after reaching at a good point so the people who dont sell their coins when the price is reasonable would surely regret it when the price comes down again. I think the best way to earn profits from it to sell them when you see higher price and buy it again when price goes down in future, regular small profits are always better instead of dreaming too big. |
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I think the future of paper money would have been visible. you can see how people prefer to pay using debit cards instead of paper money.
That's true but almost all people are earning their salary in fiat and it will continue in future too, so I don't think that paper money will simply disappear in future. I agree , paper money would be difficult to disappear in future since we used it for how many years and its the traditional way. Even bitcoin exist but it couldnt replace paper money in everyday living. Most of the people would prefer using paper money than bitcoin itself. Paper money in future would stood still even if there are other competencies out there. Yeah and people who don't have access to internet will never use bitcoin as it will be a totally new concept for them and people like simple and easy ways to spend money and paper money is the only solution for them. |
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