Tell them that the safety of a bitcoin will only depend on how much the owner knows how to secure it. It doesnt matter how good the blockchain thechnology is if the owner of a certain coin doesnt know what to do with it. That is why whenever a friend of mine wanted to engaged with cryptocurrency i am advising them to conduct research first to further improve their knowledge about cryptocurrency.
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Mine is to make my investments doubled or tripled. And as far as i see it is not far from happening. As of now i am having good numbers for my return, just need to do things with proper basis in order not to lose anything.
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In our country most bitcoin users utilizes it as a way of sending money to their loved ones or relatives. Especially since it doesnt have a limit on how much you can send and received. Therefore it is now becoming popular in here.
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Despite of all the forks and fud's about bitcoin it has become evident for everyone of us that bitcoin has the ability to thrive and survive. And this can be attributed to users and investors that supports bitcoin no matter what happens. And this unfaltering support will surely take bitcoin higher.
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Being decentralized is one of the features that brought me in to join bitcoin. I just really like the idea of me having to control what ever i want to do with my own money withoit the prying eyes of the government or other financial institutions.
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For me it wouldnt be surpriaing even if bitcoin reaches a 5 digit value. Especially right now that bitcoin is gaining popularity very fast worldwide and more users or investors are coming in. This will surely boost the current price of bitcoin.
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It depends upon yourpurpose. If you want to have it as a short term investment then it will be more advisable to wait for a dip. Bit if you are looking for a long term investment then for me it ia ok to buy anytime.
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If we really want to stop people from thinking that bitcoin is a scam then we must first educate ourselves with what really bitcoin is. Because i believe that we can only convince them with bitcoin if we will be able to correctly answer every questions that this people has.
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It hasnt come into my mind to buy illegal drugs using bitcoin. But i do believe that using bitcoin in doing illegal transactions has already been made before and being continuously used even today. And i am afraid to say that we cant prevent that from happening.
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Bitcoin is indeed a very good ivestment because i belived that its value will just go higher in the coming years. As more and more people are now using bitcoin this will create a create demand, and this will surely lead to a higher bitcoin value.
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Para sa akin normal lang naman ang pagbaba ng presyo ng bitcoin ngaun. Di rin naman kasi pwede ng lagi na lamang pataas ang presyo neto. And magandang opportunity na rin eto para sa iba ng bumili habang may kababaan pa ang price. Malamang next month aakyat na naman kasi eto.
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We cannot deny the fact that there are a lot of bitcoin users that doesnt value it as a currency or as a money. But they only treat as an investment, therefore whenevwr they gain something from bitcoin they are automatically converting it to fiat.
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For me your friends reaction is just normal. Especially since bitcoin is new to him and he will surely have reservations for it since it onvolves real money. And i think the solution is here is education. Do not convince him that bitcoin is all good and there is nothing negative about it. But let him understand what really bitcoin is, you cannot convince someone with something he doesnt know.
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For me it is better to just directly purchase bitcoin rather than mining for it. This is especially applicable if you are just one individual who will do it. You simply cannot compete with the genesis mining worldwide. Better but it.
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Even in a normal investment such as stock market. It is very risky to turn all your money into it. One wrong move and you may lose everthing. And thos is also true with bitcoin, you cannot put all your money on it. Just invest what you can freely lend.
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There could be a possibility about this. But i think it wont happen in the near future. Bitcoin is just so popular right now that people even refer to cryptocurrency as bitcoin only. Some people even doesnt know what is an altcoin but they do use bitcoin.
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Dahan2x na rin akong pumapasok sa trading ngaun. Paunti2x p lng para masanay ng husto. Kapag alam kung kakayanin ko na saka ako mglalagay ng mas malaki. Take slowly but surely sabi nga nila.
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As with other investment system bitcoin will also be always risky, especially if you dont know what ypu are doing. That is why it is highly recommended that b we fore you will in bitcoin investment you must first equip your self with necessary knowledge needed in order to make a better decision.
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I havent ever tried buying drugs with fiat. And it doesnt ever occured to my mind using bitcoin to buy drugs. But we cannot do anything to prevent anyone from what ever they want to do with their bitcoin.
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Of course it is. The chance of gaining a lot from bitcoin is a lot but also the change of losing it is also inevitable that is why i advice my friends that if ever do invest with bitcoin they must only use what can they freely lend and not anything more.
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