Don't expect doubling overnight. "In real life" investments produce a few percent per year on average, and the higher the return, the higher the risk.
On average the value of Bitcoin itself has been growing a lot faster, so "buy and hold" has been a good strategy.
Exactly collecting and saving for the future is the best thing that you can do with it at a moment as investing it anywhere has become risky nowadays. And the amount that OP is talking is not really a great amount for investing. If he wants to make that amount to increase it is easy to gamble that than invest if he only wants to have it rush because in gambling you can easily make money when you are lucky but if not then you know what will happen. |
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Sometimes jackpots keeps me coming back even I don't play aggressively and am moderated gambler. In my case I have seen much attraction to jackpots or big prizes which I hope to be that lucky guy who will win them. This hope that may be this prize is waiting for me to take it many times I played unwillingly and lost more. In some games I saw people loosing and thought is my chance to win, it is in fact a mixture of many feelings.
I am in the opposite brother, I usually don't bet on game where there is jackpot because my luck failed me most of the time in gambling. Even in 50/50 chances games my loses are more than my wins as per record so I think gambling is not really for me to make money and would just play it for fun. |
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I believe that investing money in gold is much more safer than investing in bitcoin because bitcoin price has more extreme movements than any other market.
So if you do not like high risk, do not invest in BTC
Your comment has made me think twice. Gold is much more solid than bitcoins since gold has a physical attribute. Even if the price is low the gold is there and there is a guarantee that you will not cease to exist So I am proposing that we should buy physical gold and not virtual gold in the trade market. Both are good as an investment and both them have their own benefits so I think we should not choose any single product but should go with both of them. Yeah but the problem there is difference price movement speed.. i will choose bitcoin is the best choice if you really want to earn in few days or months.. unlike gold you need to hold it for a years before you can make a profit with it. But the fact is gold guarantees you success in long run and you will never go from loss if you hold it for a very long term so its better to invest in gold to get safe returns. There is no question about that but the only question is how much can you invest with gold to make you rich in the future, we know that gold needs a decent investment to make money and if you don't have the amount right now you still cannot invest with gold. |
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of course i will do it someday in future  but not for today, because i can get double salary from double job. I think if you can still do a real job of work and employment in bitcoin simultaneously. I thought you did not need to get out of your real job now. and works full in bitcoin. it would be very unfortunate. while you still have the free time to work on both. it is not a problem I am the living witness my friend because I am currently experiencing it now, I am currently working and working with bitcoin at the same time and really the time management is very important and time will come that we can evaluate which is more important to us as we cannot do both effectively at the same time. I am earning from both the ways very easily as its all about managing the schedule and if you can earn from both of them easily then you don't need to quit your job. I always think of playing that safe but sometimes it comes into my mind that what if I quit my job since I will be earning more money if I will be full time with bitcoin. Actually my current job pays me like how much I can earn with bitcoin doing in less than 8 hours so I may consider quitting. |
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Of course, I would love to receive my salary in BTC. Actually I am already receive some of my salary in BTC as I have an online work or job that pays BTC while in my day job I am paid in my countries currency automatically credited into my bank account during payday.
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I would choose both for the moment. My savings is put in the bank just to make sure that it is subject to insurance if anything happens, while some of my assets in my wallet and I treat it as my investment as I believe that the price of bitcoin will substantially increase in the near future.
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I think it is 50% so far, with asset my definition will only for cash and cash equivalents because I cannot account the fair market value of my properties yet and I have analyze that because with my current day job I am earning an amount as much as I earn in the bitcoin world.
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In my point of view, bitcoin transaction is fast because in less than an hour I could already received the payments sent to me. I believe that sometimes there is a problem with network by the fact that we can transact anytime we wishes will overshadowed the weaknesses noted.
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Im a newbie to bitcoin too! but why i can get 0.1 btc  .but if i have that kind of amount of btc is dont invest it try trading or gambling. or if you have stuffs to buy convert that into dollars and buy that stuff you want.  trading is right. it is good way to earn good profit monthly and weekly bases. but gambling is not. with gambling you can only lose your money but don't even earn anything. if by chance you earn once. you'll become more greedy to earn more and mostly you'll lose all your wealth with gambling. so try to avoid gambling. Trading will also lose you a lot of money if you are not being careful, they are both risky in my opinion however gambling is riskier. The amount that the OP is holding is already a huge amount if he will just invest that in an online casino and don't expect to get the profit easily in a short period of time. |
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I think ignorance is stopping people from using bitcoin. They don't know the real usage or feature and bitcoin and only rely on what they heard negatively about bitcoin. This is very unfair because they already judge bitcoin without even knowing what it really is.
mainly you are right about it, people just hear about it and sometimes decide not to use it and hate on bitcoins even though they dont know anything about it People having no interest in technology would never bother to use bitcoin until it comes to the practical world and gets adopted by resources people use to buy things or groceries because right now they dont feel to use anything else except their home currency. You are right and those people does not want to risk their money using bitcoins, if you are not a risk taker you will complain easily when the value of bitcoin you are holding will decrease and that would be the possibility to happen for people who does not really know the nature of bitcoin. |
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Maybe amazon just don't want to gamble their operation with bitcoin, they might think that due to the price of bitcoin that is volatile for now they could lose so much money when downfall happens and maybe if bitcoin users are not knowledgeable with the nature of it they will face complain when during transaction the price will abruptly fall.
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Bitcoin is well accepted here in my country. But, I dont know what goverment says about bitcoin nowadays. One thing for sure, here I can buy and sell bitcoin easily. Some exchangers already use bitcoin and its been more than 3 years. I wish in the future, more and more exchangers and merchants will accept bitcoin.
That could happen mate if the price rate the bitcoin is taking now will continue to prosper, I am very optimistic with bitcoin and I believe in due time this will be a mainstream currency and be accepted by every country. The government can legalize this but we nee to wait for a longer time to make that happen. |
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I am buying bitcoins now because I believe the price will rise in the future, currently the price of bitcoins is just stable and we know that halving was already happened this month so I hope that the price will rise be felt by the investors who have bought bitcoins before the halving to make profit.
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Anyone ever stop gambling? but then gamble again?
What are the reasons you come back to gamble?
After losing then I give it enough time to get over it. Then the feeling of you possibly recovering your money start coming in then you Dont Know when you find yourself back in the game hoping to win then lose again and the cycle continues... My 2 cents... Cooling off is very important so you could still think straight and will make a good decision despite of your loses in gambling. Sometimes we are in a hurry and we just let our emotions dictates us during gambling and it usually ended to disaster and not good for us gamblers. |
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One of the best saving strategies is to pay yourself first. What this means is that you designate a certain amount of your paycheque as your pay (how novel) and you pay that money to yourself before you pay your bills or anyone else. This amount can be $25, $100 or maybe 10% of your paycheque. It can be any amount that you decide. The important part is that you pay yourself first rather than last. Most people pay all of the bills first and then save anything that might be left over. For most people, that method of saving doesn’t really work because nothing is left over to save.
If you pay yourself first, then money will get saved because paying yourself is now your first priority. The nice thing about this method is if your budget is a little tight, it forces you to make adjustments elsewhere and your savings continue to grow.
Paying yourself first also makes sense. Why are you going to work everyday anyway? To earn money for someone else? No way. You go to work to earn money for you and your family. That’s why you should pay yourself first—to make sure that your first priority is taken care of: you. It is not likely that anyone else is going to take care of you because they assume that you are taking care of yourself.
That is actually the best way to save money if someone is really serious about it, and if someone's salary is a little high or good enough he can save a good amount everytime he gets his salary, in that way he will not also have to do any adjustments because his salary is enough to cover everything. If you want to be safe then saving money in fixed deposits is the best thing to do as you also get good interests from it which can be more valuable in future. I think you are referring to savings in a bank. We should also consider that saving in a bank will only give us the security to safe keep our money but the interest would not suffice. It is still advisable that we need also to invest some from our savings to have a better future ahead of us. That's true investment will help in giving us good profits in future which is not possible with savings but to have good balance I think one should go with both of them. Correct, investment would be a big help on growing on your money rather than on saving it but its not bad to have savings but if youre a wise man get a little part of that savings and invest into something that you know that you can gain profit. So, if youre already gaining profit then you add it into savings just continue the process then youll succedd on the end. Investment can help you achieve your dream and by doing it you should be ambitious enough as that is too risky and you need to prepare yourself if the other way around happens. If one can succeed in saving money, he can also be successful in investing. There are types of investment that is not too risky. If you are not a type of person that is a risk taker, you can take those types of investment. That includes but not limited to bond funds and balanced funds. Those investments can have a good interest rates that can beat inflation but the risk is just low. You can invest with bonds but you need a decent amount of money to do that. On the other hand, if you have a little amount of income and you are just saving for your future you should always consider also investing and probably not in bonds. With a little amount of invest you don't need to put in a low risk investment as you earnings will also be lower, try a high risk investment like bitcoin which has a good potential to be huge. |
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In fact, I'm saying quite the contrary (and have always been saying that, just in case). Less than a dozen mining pools already control over 90% of hashing power out there. I'm singularly curious how anyone understanding this can still claim that Bitcoin is decentralized? In respect to mining pools colluding, I guess it has already happened, since this is what invariably happens in oligopolistic markets...
It may well be that at least some of these pools are actually one entity in disguise (so as to to raise questions)
Miner can't control bitcoin because even tho they have fee for them when they are mining, it still not big as what whales do hold. The one who can control bitcoin are the people that hold most volume of it. Most likely, you may want to reconsider your stance and change your point of view. You may start from hereLife isn't all beer and skittles Yes! and this time around that holders are the majority and cannot be controlled by the whales alone, the continues adoption of the new players in the market is a good sign that bitcoin will becoming more and more stable in the years to come. |
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i think bitcoin is definitely better than gold has ever been or will be, bitcoin is always the way to go if you want to spend it or if you want to just have a great investment
Bitcoin is always better in compare to gold at a moment when it comes to an investment as price fluctuations in bitcoin allows to make quick profits which is not possible with gold. yeah for part speed in bitcoin benefit would be faster to give you an advantage because bitcoin is aided by the fluctuations so that prices will move very quickly up and down so that it will provide benefits in the short term in contrast to gold This time we should focus more on trading because of the fluctuations and consider also an investment and hold it for a long period of time. Actually bitcoin is a good form of savings and investment as well as you will be assured your money will have a great value in the future. Yes, which makes Bitcoins much more suitable for trading and investment. Holding real bitcoins in your wallet is fairly easy compared to gold. As you need a tresor to store it somewhere and actually trading gold makes the delivery always risky aswell. And the good thing is you are not prone to robbery because you can hide your real identity when investing with bitcoin. For me, I would really choose bitcoin as I only need an internet to invest and use my bitcoins for transactions. Gold is good but not as good as bitcoin in my opinion. Sorry, I have to deviate with the majority because I just trust bitcoin this much. |
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gambling is one of the many entertainments that were designed for rich people and in reality they are the ones that can really enjoy gambling because they have so much more money and can make riskier moves and have a lot more fun doing it. so yes i would still gamble if i were rich.
Gambling is a costly game but there are majority average people who play gambling and make money from gambling. And gambling will not make you rich permanently because it is addiction and if you earn some money, you want more and more and last you loose your coins. but i think two kind of people are there in gambling. the rich people and the more poor people. so i think i will continue gambling if even i become a rich person. because gambling is addicting and there is no concern with poor or rich people. If I become rich I will never be addicted in gambling because I have already survive my addiction in my current status now as a poor person. I would then enjoy much more than I have currently enjoy now. That is the best thing when you are rich because you can do anything. Being rich will give you the liberty to gamble anywhere and anytime. I have to believe that a person has become rich because of hard work he put in to his craft and in order for him to protect his assets he will be so clever in gambling and should not be addicted to it. He will be playing just for fun and nothing more. That is why I love to become rich because I wanna enjoy my life so much including gambling and sky is the limit, I could do it responsibly as I have been gambling for decades now and have already learn the art of gambling and the way to control my self when times of pressure. |
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I buy bitcoin to make regular profits from it by selling when price goes higher and sometimes I also buy to have fun in gambling with it.
that's a simple way to growing our money im buying bitcoin for growing my money too, sometimes other cryptocurrency give me more chance to growing my money too I would not be surprised if many people buy bitcoin so that they benefit from rising prices bitcoin is quite fast in movement or maybe they use a variety of methods to grow their bitcoin. yeah bitcoin is profitable That's why many people buy and use bitcoin Bitcoin is considered more as an investment than a currency, we should also check this one rather than putting only in real life investment. Although this is not a physical investment, we should also consider this as the new ear would be the digital era and bitcoin would be the currency then. |
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Are you inspired by those bitcoin millionaires? Are you thinking of filing a resignation letter on your day job (if you have any) and focus on bitcoin instead?
Me? I do have a day job and I consider bitcoin as my side job. I don't want to lose that another source of income just because bitcoin is awesome.
I earned this month 50$ with Bitcoins so no chance to quit my day job any time soon =/ For me Bitcoins is kind of hobby I am doing in my spare time. I guess you need to get into mining to actually live from it. Of course with that amount you should not quit gambling, I earn $1,000 dollars a month and I even never have quit my job. I do trading and investing and that two are my priority for now. Doing some kind of micro jobs here could help but not really much. |
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