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Whenever I am in need of money I sell some coins and get hard cash instantly as I don't have choice to spend bitcoins directly for buying anything as the acceptance of bitcoin is still zero in my country at offline places so I sell and exchange it to fiat to fulfill my needs.
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I will never quit my day job for the sake of bitcoins as we don't know what will happen in future and no doubt that bitcoin is looking good at a moment but there is no assurance that it will be always on the top so its good to earn it in spare time and continue with regular job.
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Yes bitcoin reduces unemployment and reduces poverty. The bitcoin industry is still growing and many people are now focusing on bitcoin as a regular source of income. This is a nice news for bitcoin, because the growing use of this currency will push the bitcoin value to a higher price. The increasing demand results to an increase in the price.
I agree with your opinion. to get their bitcoin to do something, like following a signature campaign. which means they have worked even though they are not regular jobs. Not only signature campaigns there are many other ways to earn bitcoins depending on your skills and if you have multiple sources to earn bitcoins then you don't need to find a job in real life as bitcoin can give you best source of income which can be much higher in compare to your full time job. |
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The best thing I like about bitcoin is the price volatility involved in it as it gives me an opportunity to make regular profits by taking an advantage of price fluctuations which is not possible with any other investments as I sold some coins at $11k 2 days back and today I again bought at $9800 and now again will wait for the price to go higher.
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The price of ETH is expected to touch $1k in future so if you have that higher amount in ethereum then its good to hold it for a long term as holding longer will give you massive profits in future.
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Its also good to invest in altcoins specially for long term but if you want a high chances of earning then bitcoin is a wise choice and this is a good chance to buy now because the price is not as high like few days ago.
I invest 30% of my money in alt and 60% in btc. I prefer to put a high percentage of my investment to bitcoin, its been here for years and proven as profitable due to the continuous increase in value.
The success rate of investing in bitcoin is much higher in compare to altcoins as the price of bitcoins will be much higher in future and if you can hold it for that time then you can make really good profits from it on the other hand its good to trade altcoins in short term and make timely profits. |
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Most people Gamble for profit only! here I'm not an exceptional to this  if i have enough money to an luxury life i will quit gambling though yeah getting money wouldn't be a big deal anymore when you have a lot of it already , some people might continue the habit of gambling as they feel comfortable with it / getting a real entertainment there and of course because of gambling addiction itself. but it would easier to leave gambling when you have power or money enough to support it right? Well that is not the case with most of the gamblers. I have seen majority trying to earn money by placing bets. If a rich guy is gambling then the most common reason is entertainment or he is trying to find relief in it. That is a rare case. Fun seeking gamblers are in lesser amount than profit seeking gamblers but the right way to play this game is for the fun sake only or otherwise the results can be fatal. people always trying to gamble for the sake of entertainment , but things turned around when you realize that you are in need a lot of money. that time you would gamble for profit and that wasn't easy call. leave it whenever you can't resist with all the risk involve in gambling. the reason to gamble for almost everyone who come to a casino would always about making profit. if its for fun alone then it will be a stress free hobby,butif we relyon it as a profitthen it will only cause us troble, lets know that gambling cant be a regular source of income , we need to work for it, gamble for fun only. Yes we cannot depend on gambling to earn money and for living as there is no guarantee of winning every time and majority of times the results will not be in your favor so its good to gamble only for fun occassionally with a very small amount that you can afford to loose. |
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With that capital I will start looking for a good ICO project where I will invest and wait for the price to pump after the listing is done and if price pumps then there is a higher chance that it can be x10 or x20 or even higher depending on the success of project.
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No one's forcing anyone to always buy 1btc, you can always buy fractions of it like 0.1 or so. Also, by many speculations on forum and by some experts, bitcoin is to hit the 10+ in the next year and $20k+ at 2020-2022 and that's a 100% rise from the todays price. It may be difficult for someone to invest $8k but surely 1-2k would be good for a 100% profit in 2 years. I don't know but the price is still relatively "low" for what's it speculated to be in a 5+ years.
Many people are afraid to buy bitcoin because it was not long ago when you had the chance to buy bitcoin for just a few hundred dollars but we all missed that opportunity and now we need to pay 10k just to get one bitcoin, a person that invested 10k when bitcoin was 200 dollars a piece is having amazing profits already. A matter of time to realize this scenario because no one really knows about the future of this great digital asset but since we all already know the capability of bitcoin then we should start accumulating it don't mind the price right now because for sure it will continue to soar higher. Yes price will not be the same in next few years and it will be much higher then our expectations so even if you invest in it now and wait for the right time then you are likely to get best returns on your investments so try to get as much as you can as in future it will become more difficult to get even a small amount. |
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There are many bad decisions I have made in the past with bitcoins and that is not buying lots of bitcoins when price was below $500 3 years back and also spending my bitcoins on gambling and loosing many of them which were never recovered back and if I would have saved those bitcoins for now then I would have already become rich at this stage.
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I believe that can double money using bitcoin by investing it in an ICO or pre-sale ICO. In that way, there is a posibility to double your bitcoin.
Yeah ICO is a good way to double your money but before investing you should do good research as many ICOs turn out to be scam giving nothing to their investors but if you invest in the right project then you can make really good money from it. |
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Wait a bit if you are looking for short term profits as price is too high and we may see some correction in coming days but if you have plan to hold it fro next 4 to 5 years then you can invest in it even now as price will achieve new milestones in future and it will give you huge profits.
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Its still long way to go to see that price as our first goal should be to achieve the price of $10k and once it reaches there then we can start dreaming of $15k and bitcoin will surely achieve that price in future but before that we may see major crash in the price of bitcoins.
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Investing in ICOs can be risky sometimes as you never know how genuine is the project so you need to do a good research by looking at the development team involved in it as in the past there were many ICOs that have scammed people and if you have any doubts about ICO then better to invest in altcoins that are on the top on the charts.
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There is no risk in holding bitcoins for a long term as price will go higher and if you have saved bitcoins for that time then you will be making good profits from it but you should not get panic when you see downfall in the price and should have faith in bitcoins that it will bounce back and you should sell your bitcoins when its giving you enough profits.
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I will gamble with a very small amount to have fun and for entertainment purpose but most of my money will be into investments as I don't want to loose my hard earned money in gambling hoping to double it quick as its very risky method and when it comes to make profits better to have patience and earn good profits in long term by investing it.
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Not easy to make 1 btc in a month and that also regularly as you may get 1 btc by luck if you gamble but that doesn't mean that you will be winning each and every time and even trading requires lots of knowledge and skills to produce that amount and to earn 1 btc from trading you will also require good capital to invest.
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The short-term answer is that yes, I would wait for the dip or correction to happen if you're thinking about it right at this moment.
Long term, bitcoin has not really reached the forefront of popular culture and spending, so it's going to be rising in the future.
Yes for short term goal it's late to buy bitcoin now but if you are someone that is good for long term goal in bitcoin, it's never early nor late to buy. I know there is hardship for this investors that just recently know what bitcoin is and they are keep on asking themselves if that is already late to get into bitcoin. But look for long term plans in bitcoin and you will be calm. Yeah if you can manage to hold it for long term then its never too late to buy bitcoins as the price will be very high in long term but if you are looking to make short term profits then this is not the best time to buy bitcoins as now price is close to $10k and if you buy now and if price crashes then you are likely to make a loss. |
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I will keep 10 btc safe in my wallet and will not touch them for next 4 to 5 years and with 2 btc I will start investing in altcoins and start trading them as 2 btc is really good amount to invest and can grow my bitcoins very rapidly if I invest in right coins and at a right time and will sell those 10 btc in future when price will reach to the moon.
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You can invest in multiple ICO projects and if you don't have any idea about it then you can simply invest in reputed altcoins that has good reputation and are surviving since long time as this coins will never disappear and their performance will improve over a period of time but you should know which is the good price to buy and sell it.
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