Maybe this question should be changed to: "Why have a cryptocurrency instead of cash"? Most of us know that BTC has some gaps that are been dealt with by altcoins. The network capacity to process a huge amount of transactions is one example or even the confirmation time.
Right, but bitcoin is still the go to cryptocurrency right now, so the title may still remain. Even when the network is plagued with a very high confirmation time, the price still keeps pushing up. Maybe that is why it is good to have bitcoin right now, investment wise. |
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Definitely not a good idea. It is a wrong move to put all your money on a single investment no matter how tempting it is. You should always diversify your investments. The more diversified it is, the lesser chance you'll go bankrupt.
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Even if it is a pump and dump coin, if you timed it right, you still make money from it. In th end it is still a good short term investment. But if you are only looking for long term investments, you'll have to stick to bitcoin.
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We are still ways to go before bitcoin can challenge the banking system. There are still a lot of adjustments needed to be done on the blockchain to compete with the banks.
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I agree with you. These are not bitcoin users. These are random people.
Real users understand what bitcoin is and how it can be earned. Not from the faucets - it's not serious.
Then the number will be greatly reduced. Even some of the users that are active here in the forum do not fully understand what bitcoin is. Sometimes you can see some posts that suggests they use bitcoin as payment method but not really knowing what bitcoin is. |
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For me, bitcoin is another form of money. You earn it, you spend it. But because it increases its value very rapidly, I also consider it as a good investment. My opinion on bitcoin now is very different when I first heard of it. I thought it was just another scam at first but a lot has changed since then.
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Guys sorry for this question above but I would like to ask here that
What is the difference of Trading to Investing?
though I know that I can search it in google but I want an answer from those people who have already experienced this two.
Thank you.
I hope you can help me in my confusion..
in simple layman's term, trading involves buying and selling of good/commodities, services while investing is expending in money wherein you can earn/gain profit in the future. |
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What are the features that a good investor should have? What are the characteristics of people who have enough capital and earn money from money?
What are the factors that make these people successful in their investments?
successful investors are proactive learners. they are never tired of studying and learning on new ideas and innovation. these investors are willing to pay for knowledge to learn new things. they read books, journals and magazines to develop also their personal development. |
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for me the easiest way to make a profit from any type of gambling is sports betting. the strategy I use is my knowledge. because if you have a lot of knowledge about soccer, it can help you to make a profit.
there should be careful analysis and understanding of the betting game. yes, you are right, you should be knowledgeable enough in order to win the game. but still winning comes with luck.😦 |
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I don't think there is any easiest way to make profits from gambling, but still I would suggest you to go for sports betting as that is bit safe in compare to casino games.
there's no such thing as easy profit. i think the right terminology is "luck". if you have good luck on gambling and betting then try it, but dont presume that you have good luck or you will win everytime you play. lastly, dont push your luck. |
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I'd do bitcoin because there is a high chance you can make a lot more money out of it if you invest a lot of money into it!
you may have a point but then bitcoin fluctuates. unlike gold, its value increases and you can trade it anytime. |
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I would definatively withdraw the vast majority of the winnings and use it to invest in something like a house, bitcoin or stocks.
Statistics are not in your favor, so if you win big, don't push it but take the winnings and use it to your advantage.
i will also buy a house and lot so that i could have a remembrance from my winnings. |
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I've read here a lot about "Gambling doesn't make you rich" So I thought about it, and it does make sense. So what do you feel about gambling then? Just entertainment? I think that's not everybody's mindset.
In the back of my mind, I want to be rich but not because of gambling. But when I gamble, I still always want to win. So when you always win, you become more rich and more risk will be involved. Anyway, if I would earn a winning bet that would have a lot of profit from, I would withdraw the initial bet or the bitcoins I deposited to get it back, then still gamble.
If you would have a winning bet that would give you a lot of profit, what would you do with it?
true. gambling is just one form of entertainment/unwinding. so when you win, you have good luck. gambling is not a hard earned money, so it can be lost easily. when you have so many winnings, better buy/spend it immediately  |
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with a capital I think it's pretty much for trading, you can see a variety of coin on ploniex, I suggest you old coin trading course
start trading when you're willing ready to take the risk and ready for all the consequenses. start trading when you have the capability and enough knowledge of the market situation. its not just having big capital per se, it needs full understanding of what might gonna happen in the long run. |
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Yes, I agree with the idea of bitcoin bank as far as all core features of bitcoin are not going to affect. Bank is such an institution which facilitates the flow of funds on larger level and in organized manner so I think bitcoin bank would push the potential of bitcoin on next level everything work out in right manner. It will make the bitcoin more productive and accessible to everyone in organized manner. I support the idea of bitcoin bank.
we already have so many bank institutions. bitcoin don't need to compete with banks. |
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I save bitcoin to deal with future financial crisis if i may have. i do spend bitcoin, recently i bought amazon gift card with my precious bitcoins.  saving bitcoin can be used for future and emergency purposes. or say for instance, we save because we have an important thing to buy. just like me im saving my bitcoin because i want to buy something. |
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Online investments are really risky and scammy so cannot afford to trust those sites and still you are looking to invest it online then you can invest in different altcoins that has good reputation and higher volume and you can sell them when price goes higher.
Investment is not only investing in hyip sites you can also try investing in a well known gambling sites. As you've said trading is a good investment also and really profitable if you have some strategies in addition, buying lots/land is one of the best investments. as time passes by, its appraisal value also increases. |
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It's easy to see that most of the profit comes through interest rates. But perhaps the problem lies in the fact that most people are very greedy, do not pay attention to the interest rate tables, and do not do a good analysis of the contracts before choosing a banking plan.
basically, its purely business. banks have their own standard operating procedures and internal control to follow. banks are established to earn profit not to.help people. with the current existing market interest rates, lenders dont have a choice but to.pay the interest to the banks. |
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In my girlfriend its a yes because my girlfriend hates me gambling. So everytime i play gambling we have lovers quarrel and sometimes he throw my phone. But my phone is strong eventhough it is android .
gambling should be a diversion when you are stressed and fed up. it should not be a vice. i believe nothing to be ashamed of if its only for fun and unwinding. |
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I still believe it is a scam coin. The way it is being hyped, it looks like a bubble to me waiting to burst. It may or may not be bitcoin 2.0, but I will stick to what I have. I am not giving up on bitcoin yet.
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