I can see that people nowadays are busy searching on money and everything depends on money. People nowadays never go to church just because they would rather earn money rather than praise God. Others do not pay respect to elders because they earn money for them or richer than them. Well for you, is money above all things ?
That is a classic mistake, you do not need to go to church to praise god, besides you are trying to make it seem as if earning money and finding ways to earn money is wrong, when that is not the case, we need money to survive and that is why people look for it. |
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Hello!
Thanks for reading this topic.
I have some money at the bank which I actually don't need. The interest rate is a joke, so I'm looking for long term investment.
BTC price is kind of high right now if you look at the charts and history. But I read a lot of topics and it looks like this doesn't matter at all.
Let's say I want to buy like 2BTC. Do you advice to do it right now or wait till when?
Thanks!!!
LOL interest rates coming from the bank will always be a joke. I would advice that you have to buy bitcoin with it's current price. After the SegWit activated it's now becoming ready for the price increase. This is a good time to buy now because if you'll wait for a longer time the price can't be lower now. Banks are on the business of making money with someone else’s money and then giving them a very low amount of their earnings, as you can see they get all the benefits and none of the problems of investing. They didn't give any decent roi to there depositor despite of the big earnings they've got from there money and I surely can say that bitcoin is much better since it can gave us huge ROI for staking for many months. But don't leave your balance unattended since their are so many exploits happenings everyday with btc and much better if we wil save on ledger wallets or maybe in a hardware wallet to make it more safe. True is does not make sense to leave your money in a bank since the amount of money that you get is simply too low you can get the same profits in bitcoin in a few days if you are skillful at trading. |
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Best time to buy before the fork because no one knows if blockchain is going to split again or not, from the looks of it people might greed-split bitcoin again to repeat the same experiences with BCC.
Right now it seems the split is still being chased by the miners so I think you need to make preparations if what you want is to hold your bitcoin or if in the other hand you want to get out of all this drama and move to another coin. |
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I applied some time ago and i did not got an answer so I'm reposting my application, also could you explain the third point more clearly, do you want us to modify our signature and add '?ref=yourusername'? or do you want that we add '?ref=yourusername' to the links we post to your site if the links are relevant to the discussion at hand? |
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Maybe one thing you can do is share some of your earnings to your mom to prove that you really can generate income from this.
Or let her read related news regarding cryptocurrency and who are currently using and supporting this.
Maybe if she knows that even banks and known companies are now jumping into this, she will start to calm down and maybe have peace of mind when you're online & doing crypto transactions.
That is not really the issue the issue the op is having that his mom thinks that he is doing something illegal so I think the best way to deal with this is to show his mom how he is earning his money online. I must agree, The whole point of the parents on being strict about joining Bitcoin is to protect you (even though you're anonymous in this industry) showing your earning won't help, hence it will only trigger them to force you to stop doing it. It's quite a challenge to make them believe that you are doing nothing wrong. Also, even sharing how you earn won't solve it (As I see) because they still don't have any idea about the industry. I highly suggest to explain them the background of this industry (Though I still doubt they will accept it, but just try) To OP, Try asking your parents on why they're against Bitcoin. Maybe that you've done before on the social media that caught their attention. Parents do have their own explanation for that, Just try to clarify it. Also, I think that they don't really like how the advancement of the technology affects people's attitude. In which contributes their dismay towards it. I think you have a point but if the parents are so against bitcoin you do not lose anything by showing them how you earn your money, at worst nothing happens and in the best case scenario they understand that what the op is doing is not wrong. |
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It seems there are bad news all around with doom and gloom. Trade figures going down, jobs cuts, security situation not going well, and bad loans.
Is the economy situation in your country that dismal? Or this is just some fear mongering?
The economy in my country is improving but we are not sure this is going to continue for too much time, it is sad but most people that are unemployed are young people and it seems this is not going to change any time soon. |
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Yes, the blockchain is the single most important tech in a generation. It can be used for a lot including energy, law, government, healthcare, etc, etc.
Not to mention that bitcoins rely so mich on it that it cannot live without this technology. Yeah and also most coins really rely on some sort of blockchain technology too. we cannot deny that it is so important to the cryptocurrency world. Now it seems like the world is adopting blockchain technology too as a way to improve current technology. Without the blockchain bitcoin will not be here so that is testament to the great importance that the blockchain has in our lives without it we will not have the chance to be in bitcoin and the potential profits that it will bring to us. |
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If it goes suddenly cheap I would definitely buying some get more profit but it doesn't seems possible right now according to current market statistics.
This is what I will do as well, I think we are all regretting not buying bitcoin when it was below 1000 dollars but we did not have way to know that bitcoin will go this high this soon, not even in my wildest dreams I though we were going to see a price like the one we are seeing so soon. |
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I think it might reach $50,000 at some point in the next 5-10 years. But no, $500,000 is insane in my opinion.
Well yes given the long term horizon of 5 years I see btc may be somewhere above 25000$ or so. But in couple of year 500000$ is weird considering the altcoins coming in market are also started to capture a bit of market. And the pace at which technology is changing in next 5-10 years there would be something new and better than btc may come up which will eat away btc market if people like that thing more. So price may drop at that time. But if it reaches this mark by 2020 everybody who owns it will be super happy . Yeah that price is unreachable I do not think we are going to even get to 10% of that price I think a range between 10000 dollars to 25000 dollars seems a lot more realistic to me. |
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It seems to me that the involvement of bitcoins for illegal activities and crime is rumors are deliberately spread by the government and banks. If bitcoin will continue their lives will change for the worse for their side. So they are waging an information campaign against bitcoin.
Of course, that is a deliberate attempt to try to weaken bitcoin, they know that even if they ban it people are going to keep using it so they are lost at what to do with it and how to stop its growth. |
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We all know how much bitcoin users love dice but I think even poker websites ( bitcoin supporting sites ) also generate same or even more revenue than dice sites . Do you guys play only dice or only poker or both using bitcoins ?
I don't think poker sites generates that much money, at least on the bitcoin community. I still don't understand why poker didn't evolved among bitcoin users. The player base is just to small right now. I don't know if it is because of lack of offer, or if users don't trust the sites that provide poker. I think a reason is that poker is a complicated game that not many know how to play correctly that is why people prefer simpler games like dice or roulette, so until bitcoin gains wider adoption poker is not going to become very succesfull. |
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If you were in desperate need for money / Bitcoins, what would you do? How to get it, earn it, whatw are your solutions and experiences? I wonder what people are ready to do when money is the problem.
If just like an emergency happens i would loan here which will i collateral my coins or sell my altcoins. Desperate times call for desperate decisions. So save for emergencies. I think it may be a better idea to sell your coins than to get a loan with bad rates and then be unable to pay it back and lose your coins for a fraction of their market price. |
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In my opinion, it's not about weather it's your lucky day or not, it's about knowing when to make you make your smart move that makes you win. Random gambling could make you win some money, but usually you loose. They key to win is striking at the perfect moment.
Exactly, but that has to do with some inner instincts that drives us into placing certain bets that in a normal day we wouldn't. This is not a feeling we often get but if we does then it sure is our lucky day. I ask my guts first before really attempting any task. Our intuitions do keep us safe from many troubles. If we are out of luck, we have a bad feeling about it hours ago. Again, not everyone has a sharp six sense and neither many of us rely on it. I consider myself a lucky one... That's a gift if you have that, unfortunately for me I really don't have anything that I feel to know if I am lucky or not, maybe because I am a regular gambler and every day is just an ordinary day for me. I wish if we are lucky it would last for the whole day, but the thing is it does not because the more you push your luck the more you through it away and most of the time you end up losing. Yes, even a lucky day gets ended in loss based on the greedy mind one has got. If the winning happens by the starting of the day or by the initial game, we need to be clear on our stand whether to spend on consecutive games or can just be safe making it the lucky day for a better winning later than just spending on the same day and ending in loss. Fortune is very fickle at one moment everything is fine and at the next there are a lot of troubles that is why I think we need to be very careful with the way we gamble our money in casinos, since we could lose a lot of money there. |
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
These people stored bitcoins in their wallet as a savings for them and when the time bitcoin price will reach higher price in the market, they will sell their holdings so that profit will be earned. In this way of holding bitcoin amount is really a profitable aspects of investments and you will have mo hard times convicing other people to buy products, and you only need is bitcoin balances in your wallet. It is true that holding coins was proven and tested that in the end it will give us a big reward, if we will become patience only. Especially into bitcoin, the expectation of the community in it was too high about the prediction by next year in the value of bitcoin. I think the expectations for bitcoin are very high but at the same time bitcoin keeps defying our expectations I doubt many people in the forum predicted that we will have a price like the one we have now. |
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Hello!
Thanks for reading this topic.
I have some money at the bank which I actually don't need. The interest rate is a joke, so I'm looking for long term investment.
BTC price is kind of high right now if you look at the charts and history. But I read a lot of topics and it looks like this doesn't matter at all.
Let's say I want to buy like 2BTC. Do you advice to do it right now or wait till when?
Thanks!!!
LOL interest rates coming from the bank will always be a joke. I would advice that you have to buy bitcoin with it's current price. After the SegWit activated it's now becoming ready for the price increase. This is a good time to buy now because if you'll wait for a longer time the price can't be lower now. Banks are on the business of making money with someone else’s money and then giving them a very low amount of their earnings, as you can see they get all the benefits and none of the problems of investing. |
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Code:1007334
Username:drachman
Rank: Full member
Current number of posts: 174
Bitcoin Address:1B2MSAEux2Qka9anYHpk6X1HmRR4P2MgZb
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No I dont think that Bitcoin will replace the Dollar soon, because till now the most part of people worldwide still using fiat and also Bitcoin isn't yet supported everywhere online and offline, and not even legalized in some countries.
I also think it is impossible because Bitcoin needs the dollar and by extension other fiats in order to be exchanged and coexist but for it to outdo the dollar means it will be solo and risk being centralized. Bitcoin does not need the dollar, right now the most powerful currency is the dollar and that is why every currency is compared to it, when bitcoin takes that spot then every currency will be compared to bitcoin instead. |
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Forking is same as printing $$$$$$$$$$$$$$$$$$$$$$$$$
This is what repeated forks (where the network splits and both networks remain viable) will look like to the investing public. Two slightly different cryptocurrencies splitting, then minting coins on both forks at twice the original rate. That looks exactly like money printing. Granted, decentralized currencies don't have the authority of fiat, so the market could kill off unpopular forks. But it's possible that many, many forks resulting in many network splits could survive. And that means a lot more than 21 million "bitcoins" (depending how you choose to define them) in circulation. I think you are correct, forking is becoming a form of money printing, however since the fork is going to create another coin then bitcoin remains unaffected but I agree with you that this is a very sneaky way to circumvent the limitation put in place by satoshi. |
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I think big banks or small banks do not invest in bitcoin or alt coin.
I think it's too big a risk if the bank invests in bitcoin or alt coin.
What I know is that some banks have financial investors who trade our savings for profits and so I wouldn't be surprised if they by and trade Bitcoin too because they can easily take advantage of the volatility of Bitcoin and profit from the margins. I think also that bank will invest in bitcoin, when they start to accept bitcoin in their system they will need to have bitcoin investment for withdrawal and deposit of some people who used bitcoin. Agree that they will take the advantage of the volatility of bitcoin specially they can invest huge capital and make huge profit also. You don't think they can buy bitcoins with our fiats? I think anything is possible with these banks because they can easily maneuver their ways and trade our fiat for bitcoins which they will sell at the right time to make profit . They can do it, but I think the reason they are not doing that is because that will help bitcoin by making the price even more attractive an high so I think this is why they are trying to create their own crypto. |
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I think the reason why they dont trust it, is the lack of knowledge the old generations has sticked to the tradition that you can't find money if you wont work for a real company job and there are some mis-interpretation about bitcoin that people think that using it is bad and will make you a criminal. They need to be educated about the limitless potentials of bitcoin unlike their fiat currency. They might not even know bitcoins aspects such decentralization, fast & reliable, security.
Correct, the times have changed a lot, the world of fifty years ago is not the same as our world, you cannot work any longer for the same company for 40 years, you are lucky if you work 3 years in the same job. |
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