Of course we are all waiting or will be really glad when bitcoin's price drops to 100$. If that would happen many people will panic buy and hoard it to sell it to higher price. But large whales would not let that happen. It is like trading where you always miss the right time to buy because you are having doubts to it. You will regret once you saw it is already in a high price and blaming yourself for not buying while its cheap.
I dont think i will be glad, if bitcoin drop that low its mean something wrong with bitcoin, nobody is spending bitcoin anymore, it can caused bitcoin to become no value anymore, i prefer bitcoin to stay in 700$ in a stable condition No mate, I am expecting it not to be below $1,000 by the start of year 2017. I do not feel anything bad will happen that might cause a major fall back of bitcoins. Let's be positive at all times even in bad situation. |
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there is no special way of explaining bitcoin against children. we just need patience as they will need a long time to get to know bitcoin. patience is a very important point.
Children may be a little harder to teach something like bitcoin to because they don't always have much patients for things that don't yet interest them. Teenagers is a different story, i think you could teach them one day and they will probably be showing you what to do within a week, especially if your over 50 already. Therefore you are just completely wasting your time, teach them when they reach at the right age. Kids should not be too serious with life, bitcoin is serious so it does not match at all. |
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It would be a good advice for fellow Bitcoiners, but everyone already knows that. It does not take to be really smart to figure out that you can earn money by learning new skills and using it to earn. Some better advice would be pointing out some places where you can earn Bitcoins or something.
The best advise I saw and I have followed for years now is just to hold it longer and honestly, it gives me profit. You can get bitcoins by working for it but easier if you buy. |
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Just come it to my mind. is it possible? to get hook into your wallet and send some to another wallet?  I don't know if you have seen but last months i have seen that many people were infected by a virus or malware which when people wanted to make a transaction the pasted address was always the hackers address so people were sending accidentally money to the hacker. I always check the few first and last digits or letters of an address before I send any bitcoin to it because it's almost impossible for the automated address generating system to generate addresses in matter of seconds that looks like your own address. And for the OP I must say that of course it's possible to hack your own wallet but who do you think will compensate the stolen funds? The stolen funds can easily be laundered if one uses it, just by simply using it in gambling sites like sports betting then hedge on the other sites then everything is clean now. |
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I gave my right nut to buy bitcoins back in the day ...and id do it every day of the week and twice on sundays and im considering giving the left one before we get out of 3 digits cause i want MOAR bitcoins  I'd give both of anyone's nuts(except mine) for a few more BTC. The thing is we are already in the present now, so let's think of what we can do not to still be profitable with our bitcoins. |
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Maybe the whales are not cashing out because they already have cash, better cash.  to me actually they are also waiting for the price increase and if they are not cashing out its mean that still there is some more potential in the price of bitcoin before the market correction, i think this mean that still there is time to invest your money in bitcoin. It could also be they don't plan to sell ever, if bitcoin is the new digital gold as some have speculated then there is no point in selling it since you already have the best you can have. I really liked that phrase of yours, so I even started to doubt if I should keep my bitcoins close to myself and not trade them for fiat buying back in the dips. But then again, if we already have the best, why not try to obtain more of it? Or is it along the lines that too much of a good thing is good for nothing, and Bitcoin is one such thing all in all? We can, because the future is great for bitcoin and it could give us good profits, if we can afford to invest additional money for bitcoin then we must not be wasting time now, the opportunity does not come always, we are just lucky to have this opportunity to be in the early stage of bitcoin. |
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For those people who came into bitcoin world really early when bitcoin price was just 1USD for those it was possible to get rich with the bitcoins and many lucky ones succedded but right now i am not able to think about any way of getting rich with the bitcoins.
i think you are still lucky people who are started investing bitcoin now i think in future people will give your examples to other people and will consider you as the luckiest people who starting investing bitcoin at that time, therefore you people have still good chance to invest in bitcoin. I believe that in the future, Bitcoin will go up, and so you can still make a fortune with Bitcoins. If you buy now, and see this as a long-term perspective. I have not seen one that says bitcoin will die, so probably we are all believers here. I like the idea of buying anytime you feel like doing it as anytime is always a good time to buy. |
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So where should we invest bitcoin to actually earn some profit and increase the amount of bitcoin we own, is there any legit place?
I mean cloud mining is a scam but there must be something else we can actually do right?
I prefer using richmond berks SCAM .It provides you 1.4% profit and best thing is that its legit. I got paid by this 2times. If u wana earn then try it..  I think its a kind of HYIP , If it is hyip you are prohibited to promote this hyip here in this forum. You can get a redtrust from members here. Better to just trade your bitcoins than invest it to that hyip site. Sir i dont think that its a hyip because it doesnt asks u to invest. It usually gives u bonus daily that includes and make a good satoshi amount. Please check it yourself.and if u still beleive its hyip or shudnt b here ill delete that.. Thanks:) this is a scam 100% LOL. I never heard that site and i never heard any investment site or cloud mining that actually are paying just to invest. If you smart do you think there is company can pay free for their investment? so for me they are planning in the end to run your investment.. Better to don't try to invest in any investment site.. I do not know which sites can be trusted. A lot of recent hunters bitcoin through fraud. But it is not bad it would invest bitcoin to output also receive bitcoin. Sir.. i earned 56k satoshi without investing in it. Trust me if u can else go through it before discussing negative. Thankyou That only prove how profitable to stay in the crypto world as base on your experience you earn without investing, how much more when you have invested. |
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China can't control bitcoin, it is freely tradable so any people can just buy it.
BTW, I heard that CIA or FBI has a big chunk of it, as they are kinda involved in the beginning... which is scary.
You must not follow the news on coindesk or some other sources of bitcoin news. China is holding more than 50% of the mining pool, as well as the amount of Bitcoin in the world. In general, they are controlling Bitcoin, and the most dangerous thing is that they can open a 51 attack any time they want. i do no agree with you. as bitcoin is anonymous therefore no one know that which country has the most number of bitcoin uses, may be it is not China, may the Indian users are more than china may the Russians have the greater number than China and other countries of the world. It has been said many times that all we can do here is just estimates, there's the blockchain where we can monitor the wallets but that does not guarantee that one person is only using wallet, so the estimate depends on us. |
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You can get passive earning by investing in shares. Or maybe real estate somwhere at good location where is big demand so the value is rising. Or from valuable watches, jewlery, art, gold. Bitcoin could be also source of passive income if you have invested it somwhere or maybe just by holding it and waiting for price to go up.
No not agree with you these source can not be source of passive income, these source can be investment source but can's be passive income source. Getting a real job or a business income e.g. regular income from a shop can be passive income. I can see you two have two opposite opinions over there, and I'm afraid I can't agree with you. A job or a shop usually brings to you an ordinary life, nothing special. Investing in shares, real estate, gold,... are common ways to get rich, and works for lots of people. I personally believe in bitcoin too. "Getting a Real Job" itself means you are working for you to earn money. Having a real job is not a passive income rather it is a main source of income. Let us not confuse ourselves with simple terms. A passive income is a source of income in which it generates revenue without your everyday work. Passive income such as interest or bond payments are good source of passive income. It is true that a real job is not considered as a passive source of income because you have to worked for it, but let’s be honest the best way to earn money is to do something for it, trading and gambling may earn you but they have risks. Mining bitcoin might be considered as a passive income, but it requires a lot of initial and running capital for hardware set up in order to make a good profit. I agree with that, but passive income is very hard to achieve so we are doing where everyone starts which is having an active income. Passive income will always be our dream and we hope to achieve that one day. |
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Its always better to invest money instead of saving. By saving, you just make your money idle, but by investing your money grows gradually.It would be better to invest in Bitcoins as its price is steadily increasing.
Investment is better than saving, but saving has its own importance like in future you need some money then your savings will help you out. And investing all earnings is an act of fool so invest 50-70% of earning and save atleast 30% of your earning for future use. Agreed that savings don't grow your money while investments grow your money day by day. Savings and investment are two different things with different level of importance depending on the person point of view. Conservative people think that savings is better than investment because of the risk factor invovled in investment. While, "adventurous" people like to venture their money on investment because of the possible earnings it will give. So I think answer varies on who will answer this question but for me both if can be done is better than choosing only one of them. I think the proper way to say it is, smart people prefer investment and savings as that is the way to play safe. You invest so you grow your money and you save to take care in times you are in desperate need of money. |
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Nothing is inconceivable, yet it is a hard occupation to supplant bitcoin by whatever other crypto coin on the grounds that bitcoin is pioneer in the crypto world. Bitcoin demonstrated the world what crypto coin is.
So it won't be a simple undertaking to supplant the pioneer. Yet, you never know.
Bitcoin was the first Cryptocoin that was really usable, so many see it as the first one. But many companies that can count as the pioneers were later surpassed by an innovator that was better. This usually can take some years because of the head start of the pioneer, so i think it is possible. Like it's important to support bitcoin because we make bitcoin a success, it's not own by a company or a certain group and it's clear that we want to use it as evidenced by the progressive price of bitcoin. |
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No I do think this can happen in my opinion this is highly unlikely but we will see what is gonna happen of course because the fact is that its not to predict.
The banks are controlling the world and they have a lot of power that is why I do not think the bitcoin do it.
Banks will always serve us even bitcoin will skyrocket, there must be a reason why the government put bank and that is to safeguard our assets if we prefer to deposit it, big businesses does not keep their money themselves, they put it in the bank. |
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You should never sell any bitcoin because there is a good chance that on a certain point the bitcoin gets a lot bigger in users but also in the price.
So holding them is now the best thing in my eyes, we should just have some patience, because soon or later it gonna happen for sure.
I really think we have to be patient because you can see the prices continue to rise day by day towards the 2017's. I think the price will go to $ 1,000 in a few days. so I think it's better to hold more and be patient, to a greater advantage I'll be very glad to see the price to rise up to $1,000 by the end of the year, I can then say that we end this year with a bang. Whose with me with this hope?  |
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Since the election of Trump to the new US President yesterday, many questions about Bitcoin arise.
Will he promote Bitcoin and make it a breakthrough?
He won't. Best thing he could do for bitcoin, is to do nothing at all. Let it grow by itself. Goverments are not good in new technologies. Goverments are on stage of adopting internet to its burocratic process. They fail miserably most tries. So good luck goverment doing smth usefull with bitcoin We can always hold our bitcoins as that is the most effective strategy so far, with the government very supportive with bitcoin we can hope for a better future but if they are not, we can still find a way to grow somehow. |
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See bitcoin transactions depends upon the speed of youe internet
But usually it takes upto 1 hour
not really, its depend on the network traffic and if the network can handle many of transactions then i think for completing the transacting its less than 1 hour and i have many time to receive the bitcoin amount in less than 30 minutes. That's normal and I get used to it already, like now, I receive my money in less than 5 minutes and just right in time when I needed my money. |
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Gambling is something that needs some luck and analysis, but in short, you can try your chances with small amounts. But you absolutely must not be addicted. Hyip is something I have never recommended. First of all to me, trade is the most important and one of the next steps. Gambling is not a way to earn Bitcoins. On the other hand, it is a way to lose Bitcoins. It is an addiction, which must be avoided at any cost. Personally, I know several people who lost their life savings as a result of their addiction to gambling. I think it depends on how you handle yourself when gambling. You can both earn and lose from it. I know some people who really earns some decent amounts from gambling because they have a discipline in gambling where they know when to stop. I also know someone who is broke from it because he always gets greedy everytime he plays. I do not recommend gambling at all.There are more chances that the "house" wins and not you.Even if you win you will win a small amount,so it is not worth it gambling away the Bitcoins,you hardly worked for.Better buy Bitcoins with Fiat and keep it in your wallet as a long term investment for your future. Gambling is the hardest way to be considered as a source of income but if you can do it, it's definitely the easiest way and the most profitable source of income as there's no limit in terms of profit. |
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The two of them must find a way to coexist whether they like it or not because with one trying to outshine each other will not do well for both. With dollars abandoning Bitcoin will make it difficult for countries like mine whose currency is not directly trade able to Bitcoin impossible to deal with Bitcoin and this will even push out a lot of citizens of such countries among other outcomes of such decisions...
USD will always exist but we are not sure about bitcoin, it might be very successful now but there's no guarantee it's still the same in the future. While USD might have crisis but it will recover as it's the currency of a certain state and fully supported by the government and its people. |
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You mentioned it correctly, replacement current fiat money with bits without inflation is impossible.
In fact, I don't see the necessarity of bitcoins to become the part of everyday life.
Fiat works perfectly fine where there isn't any need to get it replaced. Only the government has the ability to change the way their system is set up. People here only say that they want Bitcoin to replace fiat just because of the fact that the value will go up immensely. It's a financial based choice and not one that will work out for them aside from Bitcoin. People are so overwhelm with the success of bitcoin, they do not think that it's too early to tell this will be successful in the long term, if we think how long already fiat exist, we will understand that it will always exist as people needs it for daily activities involving trade. |
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Well, I have just answered a topic which ask how Bitcoin will be in 20 years later. As I have said, Bitcoin is unpredictable and it is impossible to predict what will happen in 2100. Maybe in $2100, Bitcoin will have been forgotten and other cryptos, such as Trumpcoin ( LOL ) will become the world digital currency
it is really difficult to predict about bitcoin in next centurey but i think we can hope about bitcion that even in next century bitcoin will the world number one currency and almost all the people of the world will be using it. I guess it's impossible to see that almost all of the population in the world will use bitcoin. The fact that it's a complicated system and not all people or should I say majority of the people is not computer literate as they are still living in the old ways due to poverty problem. |
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