the biggest thing, no sending fees!
Actually there is fee in bitcoin transaction its not completely zero fee while sending bitcoin. But better to say this is way lower than usual payment processor's fee. yes you have to pay the fee but there is no tax on bitcoin and it is more easy to use and specially it is the best for online shopping therefore i will always give preference to bitcoin. i agree with you that no tax on bitcoin and bitcoin is really very good easy for online shopping because bitcoin transaction is very faster and it fees is very much lower and bitcoin is available in everywhere for online shopping than other service. Are you sure that bitcon is available everywhere for online shopping in compare to other services like Paypal? There are very few sites that accepts bitcoin at a moment but when it comes to Paypal almost all sites accepts it. Paypal has a licensed and is bound to follow the rules of the government but bitcoin is anonymous, so for big business online which are also operating legally, they would prefer to accept only a payment processor that is legal also, bitcoin is not legalized so although bitcoin has a good feature they cannot accept it. |
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since i already given suggestion that to earn and then complete your need of btc , now a new idea in my mind comes that we can make loan at this forum , because i found some threads where some persons successfully getted the loan and also they returned in the given time .
so if you are trusted you can make a loan .
You mean to say that if we need money then we should go for loan? Well that can work but it can be a time consuming process and we also need to have collateral to pay and if we don't have then no one will prefer to give us loan. Not all the time collateral is required because you can ask a loan from your friends or your family and for sure if they are willing to help you, they would make it easy for you as long as you are willing to pay your debts. |
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you can grow your bitcoins through multiple ways, if you invest your bitcoin in gambling there you can really grown your bitcoin in a very very fast mood.
I don't think investing gambling would give us fast profit, I have invested on it so I would no. The profit that you can get in gambling is just a certain percentage of your total investment, that is because you are only putting on the share of the total money pot. I agree with your opinion, the best way for growing up bitcoin in my experience is trading bitcoin or altcoins, although it will become hard for me to profit consistently from trading. Gambling is just for if i have got profit from trading and never making it becoming active income. Trading is not a gambling but you have to gamble with it, it needs money to make money and it it is not that easy as like people are expecting it is. For you to make money in trading you should have the right knowledge alongside with a good experience. |
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th maximum amount of bitcoin once i had 14.6 bitcoins i usually do trad in alt coins and it give me a good profit, i also earn from signature campaign but it is not such a good amount.
14.6 btc is already a good amount dude, and you should be satisfied with it and earnings from signature campaign is adding more value to your wallet and if you manage to save them then it can reach to descent level in future. Humans has not satisfaction as otherwise we are not here, we are here because we are looking for an opportunity to increase our earnings and I will tell you that once you will achieve your first goal you will still do things to ask for more, that is why sometimes we are too greedy because we want to have more and more. |
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I had around 1 BTC or fractions less than that few months ago, Did invest in some altcoins and lost a big portion of it and had around 0.3 btc after the coin fell in price.
If you invested the 1 bitcoin into Ethereum 10 months ago, then use the proceed to invest in Monero, you are rich. I guess both the ETH and XMR is a good investment now because the price is currently low and we have a good chance to get better profit when the price rises in the near future, with ETH, the trend is very predictable as it does not fall back lower than 0.018 nowadays so the current price is a good buy. |
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Lets not fully depend on only bitcoin. Lets all keep this as a supportive source to earn money. A mainstream should be something else to avoid being empty. Even i am here to earn a bit every week for daily expense. I do not expect much. But whatever i have earned, i will be happy at it. At least i am able to earn a bit from a new source. Really i love btc for this opportunity. Thanks
It is always a good attitude appreciating what you currently have, bitcoin for sure is giving us an opportunity to earn thru investments and even working for it, but it is good to be thankful but do not limit our opportunity to that level only, we need to dream big for a better income. |
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Generating means no risk, so what I am doing that will fall to hat definition is thru signature campaign and other online jobs, but I am not contented with my earnings coming from that activity alone, I also do trading and investment because I want to maximize my earnings.
Exactly, so that means investment or working for bitcoin although working for bitcoin is way safer and does not involve risk. People wanting to increase their income and they cannot do that by working alone, investing is also necessary to grow our income and many it will just generate more money in the future. |
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Yeah that only applies if you are not doing anything with your life and you are just sitting infront of your computer 24 hours a day , 7 days a week. But there are some people who are earning good amount with faucets just like by creating their own blogging sites that promotes faucets and its information attached to their referral links.
If you're only doing solo faucet without referral supporting you , it's a difficult task to earn the bitcoin especially you only relay with faucet and doesn't have any source to earn (unless you're have secondary income like signature campaign or trading) having referral is a tough task because promoting your link and it's possible your referrals are inactive in the middle of round. In general faucets is really hard for you if you want to earn a decent income of bitcoin, that is only for the kids because they are not matured enough to see the better opportunities you can do online or in the crypto world so you can spend your time in a quality way. I have tried faucets when I was new here but later I realize that I was just wasting my time. Now, I am doing a better job that pays well, but in spite of that, I am still thankful that faucets is consider a bridge for my success here working online. |
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Its impossible that bitcoin can be disappear since many people right now are using bitcoin in payment processor like steam they are acccepting bitcoin as payment and more stores online can be accept bitcoin as payment.. so its impossible that bitcoin will be disappear..
Well if you are just going to read some of the quotes of satoshis in the advertisement area. He said that after 20 years its either there are going to be large volume of bitcoins transactions or there is none. Even though the fact that it is quite hard to accept that Satoshi said that but still if we are going to keep on using and supporting it, then it won't disappear. As long as bitcoin are gaining the trust of the people, it will never disappear, it is the best online digital currency so far that is why people are loving it and adopted with bitcoin. Like what you said, we need to support bitcoin by spreading the news online so people will be interested and eventually people will adopt. |
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I wouldn't like to receive my salary in bitcoin cause receiving my salary in bitcoin would mean that I have to convert it back every time to be able to pay for my bills which is a no go cause I have to pay fees everytime
This is what the majority says that we don't want to accept our salary in bitcoins. But we are keep on saying that we trust with bitcoin and now I changed my mind from saying that I don't want to receive bitcoins as my salary. Since I believe that bitcoin is going to be used in the future within my community then I would say yes. for now maybe yeah you cannot expect too much in bitcoin like you are not able yet to pay your bill with bitcoin , you cannot buy many kind foods etc so receiving salary in bitcoin are sounds like too much hard things to do with real life but you should believe soon or later bitcoin will be more established just like fiat. Maybe I would only accept my salary in bitcoin if my employer will increase my salary, I have a big family so I would not gamble all my salary in bitcoin. I cannot do that although I love bitcoin because most smart investors are moving in, right now I even want to increase my salary by doing different kind of works online. |
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I can exchange them fast and pay cash for my things
Yes.In place where bitcoin shops are not available,you can always convert them to your local currency or to USD and then USD to your local currency.This has opened many possibility for bitcoin users But this adds lots of fees and every time you convert one currency to another you lose some money too and then you add banks fees as well, one of the purposes of bitcoins was to allow users to bypass fees. The moment you convert your bitcoins the advantage of low fees is gone. And you are indeed better off by just buying it in fiat. Using a card helps but for me using bitcoin is mostly online, not as much as I wish I could but still i use it. I think you will be benefited only if you are a gambling who regularly do gambling, like me since NBA has already started, I can actively spend my bitcoin in gambling and that is the major part of my spending online because I do not love to shop as well. |
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how we could motivate women to use Bitcoin because I tried several times to explain what it is and how to use Bitcoin ...was very difficult and have not really managed only once ..
actually it is reality that if we explain about the bitcoin to another person whether he is men or women , it is very hard . i take about 2 months to explain about this to my brother . thr best stretgy to explain is practically explanation with Bitcoin , then you will be able to explain them in better manner.. i have found out that the way you explain bitcoin to others is also important because you have to understand bitcoin yourself in the first place and then you have to know what to tell them and what not to. for example you don't have to explain everything about mining. yes that is the key point and only then you can explain bitcoin to them in a good way, and specially women as they are very keen to ask questions so you must be ready for that. and only then you can really convince lady about bitcoin. Well, if you are good in explaining that to a woman you can motivate her to use bitcoin and to start earning, most of us here sees bitcoin as a form of investment rather than just a currency, so it is good at this stage if you can motivate a woman or your woman to use bitcoin. |
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I have bitcoins for buying stuff online, I get 5% off when I buy gift cards from Amazon.
And gambling too, bitcoin is ideal for me to gamble online.
Actually bitcoin is really useful in gambling as it can be easy for us to gamble and even gambling in different gambling sites, the good thing with bitcoin in gambling is that we are not us a gambler but at the same time we can also choose to invest in a gambling sites. |
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Bitcoin is backed by math, and math cannot be broken. It is mathematically impossible to attack the bitcoin network, it simply cannot happen. We know that nobody can hack the system unless some aliens visit us and give the government an advanced quantum computer or something, which yeah its just not going to happen.
Bitcoin is backed by math, bitcoin is also hacked by math. It's an arms race. He with the better math can hack your inferior math. Well, there are a lot of smart people in this world and it has been many years since bitcoin was created but until now we have not seen any news that bitcoin was hack, I guess although it is possible as you said but no one can do that even the smart programmer. |
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if you gave me 10 btc, I think I would use part of it to trade altcoins to make some profit, as less than ten bitcoins is enough amount to start trading, so even if I go through losses at initial stage then also I can recover it in future.
better combining bitcoin lending and alt coin trading so coming from two business you will able to make good profits i think having 10btc would be a good start. I don't prefer to suggest lending for it is really risky and since we are in digital world this is the toughest type of business that you are going to make. Because you don't have assurance that your borrower will pay accordingly regardless his status or trust records. Because even the most trusted people are making some trouble because of it. I think it is better if you are going to make real life lending through your neighbors and known people. You are right, lending does not work well in online, but with 10 BTC you can already establish a lending business in a physical world if that is your expertise and you know well the market, with lending business the ROI is fast if you can manage it properly, at least you are safe as you know your borrower. But lending is a risky business, much more bitcoin lending as money can be traced by the authority bitcoin is not. The are so many scammers online you would not know which is real and which is not. Lending the amount of you are saying can be risky you won't even have your money back if you are not careful. There is also the question for competition which rate of others are too good to be choosing the others. any business can very well be very risky if you are not careful about it. lending is no different. there are some risks but also at the same time there are a lot of ways to manage these risks and reduce them to an accepteble amount. for example you can do this by taking a valid collateral which you can sell easily on the market. You don't get it, I work in a lending company in the real world and I can tell as an employee that our company is profitable despite the fact that there are clients who defaulted on their loans, in overall we are still profitable as we can collect on the past due clients forwarding them in the 3rd party specialize to collect on past due accounts. |
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For me bitcoin is better than gold, it is true that gold is more stable than bitcoin, but bitcoin is so volatile that is very profitable. And its more like a long term investment.
The volatility is good if you are a trader and since bitcoin is in the early phase, we have a big chance to make profit as at this stage it is just right to treat bitcoin as an investment rather than a currency. In the future it will be a currency as the price will be stable then but we should be reaping the fruits of our labor that time, so we need to invest now and do not hesitate. |
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Best way to earn Bitcoins is buying it with real money. You just do this transaction via any exchange from your country. BTC price will increase and your investiment will give you profit. Many people did it since last year or since the beginning of BTCs and already got a lot of profit.
But many people don't want to invest money from their own pockets, so there is the Signature Campaign option, paying very decent amounts of money to post here on forum. It's the fastest and easiest way to earn without investiments, much better than faucets.
Is holding your Bitcoins really the best way to earn Bitcoin? I don't think so. The people that are making money out of this are only people that holds more a lot of Bitcoins. If you can only invest like 500$ in Bitcoins, then don't expect to earn much more than you have invested. Considering the time that is required, I don't think that it is the best way to earn Bitcoins. Altcoin trading is so much better. I'm saying through the safe aspect. Persons who don't know how to trade shouldn't do it, because they will probably lose their money. Any newbie can buy some BTCs and hold it, it's safest and worth on long term. Surely they won't have instantly profit, but better than risk the money trading. Trading is not that simple as we think, it needs a proper and careful study on the part of the trader in order to succeed, without effort we will not be successful in the long hence, we are just wasting our time and money trading without learning from our mistakes. You are right of course that holding is good for those who does not have the skills as they will not need to be active in regularly to analyze the price trends. |
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Bitcoin is not legal so if you will steal bitcoin I guess you will not be prosecuted because that is not illegal, but do not attempt to steal if you do not want to suffer the consequences and that is not a good activity to make money here, you might belong to the scammers here online which are hated by many.
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I think you are not touched directly buy a home but keep a little patience and hold your bitcoin to see if the value goes up or not . try to invest in a lot of places to distribute the risk of loss if you redistribute you will be secure from bitcoin price volatility is ongoing .
Holding a lot of bitcoins to get the price increase that much that you can buy a house is quite a lengthy task. I would prefer that you can start investing bitcoin so you can increase the coins in a much faster way. If you have not started yet, it is not too late to buy bitcoins now and hold it for a longer period of time. That is the safest way I can recommend for everyone who are looking an investment that does not require a lot of effort to grow their money, what we need here is just trust in the future of bitcoin. |
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The question was investment strategy though and holding all cash is not actual investment. What people are proposing is to speculate on forex demand, if you sell dollars and buy bitcoin or gold then you are presuming a weaker dollar then either of those alternative cash substitutes.
Your investment was nil, there was some hedging of your savings placed against your primary income which for most is dollars. Thats smart, Im not arguing against anyone but its not investment to hold bitcoin. BTC by itself does absolutely nothing, the miners are doing something and so on but only POS coin can argue they do something by having a wallet
Holding BTC is of course an investment. We are not speculating that the dollar would be weaker, but that Bitcoin's purchasing power would increase. If BTC increases in value (purchasing power), you reap the benefits. We are all expecting that for our investment to grow that is why we are putting enough bitcoins to hold for the future. I am too confident that bitcoin will be a great success in the future and the price will continue to rise that would make our investment grow even in a short period of time. I can see this a good investment than putting my money in banks. |
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