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14581  Economy / Economics / Re: The future of the paper money on: July 05, 2016, 03:48:06 AM
Paper money will have a good image as is now, people cannot leave paper money because there is no any problem for the people to pay with paper money in their local stores etc.

I don't think the future is going to be good with paper money. People wants to have daily convenience and we can see it with bitcoin.
For sure bitcoin is going to replace paper money soon.
But we can't tell of when it is going to happen.
14582  Economy / Economics / Re: Bitcoin or gold? on: July 05, 2016, 03:28:00 AM
I'll go for bitcoin, because bitcoin is the currency threading for the future, then you know what I'm saying, you can buy all things maybe in the future using bitcoin, so if you have million of bitcoins in the near future, you can buy millions of gold. Now just earn and save more bitcoin for investment.

Me either, I will going to choose bitcoin. Even it is a online currency and we can physically hold it. Bitcoin is offering a lot of services, and it is a currency itself.
And I can't have gold at all so I am choosing bitcoin at all.
14583  Economy / Economics / Re: Is it a good long term investment to buy 1 BTC today? on: July 05, 2016, 03:11:31 AM
Bitcoin is a long term game unless you were a insanely lucky super early 2010 adopter. If you were not, then you will have to wait to get rich, just like the buyers of apple, google and so on stocks, had to wait like 10 years to get really rich.

Exactly cannot expect to get rich overnight with bitcoin, its an time consuming process but the results would be surely positive so collecting as much coins at a moment is the right thing to do.
No one get rich overtime in investment, you can only do that when you are rich already and you make your self more richer. The very own technique to be rich here is have patience, patience to hold your bitcoins a longer time.

All of you seem really convinced that bitcoin will raise to the moon in next years, but I can't see any guarantee of that anywhere. It is good to save some bitcoins as a portfolio investment, but you also should think about the possibility of diversifying your investments instead of depending exclusively on one asset.

You can't see the effect of it? For sure it is already happening and we are experiencing it already. But it is better to invest for a long term.
By just holding your bitcoin in your wallet so when ever the price increased then you are going to get profit.
14584  Economy / Economics / Re: How many Bitcoin do you have saved? on: July 05, 2016, 02:39:08 AM
I have 3 btc with me at a moment and I am holding it really tight for the future, If price reaches between $800-$1000 then I will sell my 1 btc and rest 2 btc I will save for future.

Wow that's a lot of bitcoins you are holding it. I hope I could save that in the future. But as of now I'm just holding a few bitcoins.
And it is not reaching to 1 bitcoin.
14585  Economy / Economics / Re: Is it a good long term investment to buy 1 BTC today? on: July 05, 2016, 02:35:44 AM
Bitcoin is a long term game unless you were a insanely lucky super early 2010 adopter. If you were not, then you will have to wait to get rich, just like the buyers of apple, google and so on stocks, had to wait like 10 years to get really rich.

Exactly cannot expect to get rich overnight with bitcoin, its an time consuming process but the results would be surely positive so collecting as much coins at a moment is the right thing to do.
No one get rich overtime in investment, you can only do that when you are rich already and you make your self more richer. The very own technique to be rich here is have patience, patience to hold your bitcoins a longer time.

That's why rich people are just becoming rich it that because they are able to investment big amount of money for it.
But if you really going to invest for a long time it is better if you are going to put more than 1 bitcoin.
14586  Economy / Economics / Re: When do you buy Bitcoin ? on: July 05, 2016, 02:22:41 AM
I'm honestly only buying the bitcoin when the price is low and it has a pretty okay future, of course this is not the point right now because its high.
This would be a typical example of a moment when I would not buy any bitcoin just because of the price it has right now.

Its just not smart to now buy some bitcoins with this price.

Agreed current price is high for most of the users, and they will not prefer to buy at this price, instead they will wait for price drop or sell the coins that they have at halving.

I would say as the price is not still fluctuating it is always been better to buy bitcoins at low price so that when the price is going to rise.
Then you can get some profits out of it.
Buy low, sell high that's it.
14587  Other / Off-topic / Re: When is it useful to borrow bitcoin? on: July 05, 2016, 02:13:59 AM
The best moment ot borrow your bitcoins is right after the drop of the bitcoin because most of the people are buying bitcoins in a low period and selling them further
into a rise then they make money with it and begin again with buying on low points and selling them in rising moments.
what? it's not true, borrow is always having the best moment because from borrow you a limited time with they to pay off. borrow not giving a discretion for me, every time only giving a doubt to myself because you only have several time to pay off them with the interest. just not recommended to borrow. better for tou to searching th ebitcoin from little amount than to borrow bitcoin from someone.

Just always remember that it is useful to borrow bitcoin if you really need it. And just borrow the amount that you afford to pay.
Because borrowing bitcoin is not just all about the amount but also the reputation you are getting.
14588  Other / Off-topic / Re: Do you actively spend your bitcoins? on: July 05, 2016, 02:08:44 AM
I actively spend my bitcoin in online shopping, buying online things like computer accessories etc and also in buying other things.
the same for me, if i have a chance i definitely spend my bitcoins online because i think it can allow you to shop really fast and really easily, thats the best shopping option in my opinion

That's really the use of bitcoin to buy it online. But many are saying that wait for a while and stop spending too much. As the halving is going to happen for few days.
So that you are able to get some profits when the halving is going to happen.
Of course you only spend the money that you can afford and the same goes with investment, spending is great using bitcoins because you can transact fast and you can only pay low charges, however you can only buy limited things online as major merchant are yet to adopt bitcoins.

For me, I am spending bitcoins actively but the same thing I got influenced by the people here that are suggesting that stop the use first of bitcoin.
And save some of it for the halving, as it is an assurance that we are going to get profit once the halving comes.
14589  Other / Off-topic / Re: Will you quit your day job to go full time on bitcoin? on: July 04, 2016, 09:24:14 AM
Don't really know, maybe when i will be sure that bitcoin can make my life better and my earnings will be bigger than on daily job, i will become a full timer.
I think there are many people who already have a better life because bitcoin and they helped with bitcoin. but few of them are working full time in bitcoin? possible consideration not only that? they may be unsure of the future of their jobs in bitcoin? it should be considered


I am one of the people who have a better life now thanks to bitcoin. Maybe you can do fulltime working for bitcoin payment if that is stable. Lets say an online hotel researcher or browser where you will be paid with this currency. But looking for a boss that havr that kind of business will be hard.
You don't need a boss and I think you shouldn't get a job that requires a boss, because it is like a daily job you'll be getting. You will work with this boss while he's seating and waiting for you as an employer to finish. I think what you need is a contractual work.

Well it really depends on how you are going to work for bitcoin full time. If you are an owner of faucet site or miner or even a gambling site owner.
Then it is a good source of getting full time job with bitcoin.
But for me, don't quit your daily job.
14590  Bitcoin / Bitcoin Discussion / Re: Are you holding your bitcoin for a price increase? on: July 04, 2016, 09:17:11 AM
I am somewhat holding on to my Bitcoin for the price increase that is coming in the future because that is going to allow me to make allot of money.
Sure that I am not the only one who is going to wait for the price increase in the future.

Most  of the users are holding their coins for the halving hoping that price will be higher at that time, and now we are so near to the event so do not spend it now.
Definitely almost all of the users are getting ready and holding out their coins for the preparation of upcoming halving.
Because they know that the price is going to increase once the halving occurs.
That's why I'm also holding it.
14591  Economy / Economics / Re: The future of the paper money on: July 04, 2016, 09:13:56 AM
For me I do not think that there is coming a big surprise for the paper money in the world because paper money will always be the number one paying method for the most people so i do not think you should worry about that.

Paper money is very hard to determine what is going to be its future. But still that is not a problem because people tend to use paper money.
And I don't think paper money is going to be out of the league when bitcoin gets popular at all.
It will exist forever in my opinion because that is the simplest means to use in all kind and forms of transactions, you can easily use it anywhere with the need of power and internet.
Forever? You hesitantly think that it will not be obsolete for a certain time? Giving the fact that we're making our progress in a futuristic era. There will be a high chance that the paper money will be removed once we already had a techno-world.

We can't really say that paper money is going to exist forever there is no such permanent thing in this world.
And I'm quite sure that paper money will lose soon because of bitcoin.
14592  Economy / Economics / Re: When do you buy Bitcoin ? on: July 04, 2016, 08:58:39 AM
Just wondering when everyone buys bitcoin, weekly, monthly or just on the falls?  thinking of setting up something regular to ride out the waves.....  Grin

The price of bitcoin is the most unpredictable thing in this world.Because of its primary characteristics no one can tell what will happen with except rare cases (such may be halvings). It is decentralized (so no one can take care of it to help in achieving the staying in a given level) and is yet child (and is such is "capricious" and do what want; if old and mature will be more restrained and cannot go so fast up and down without any kind of rule). Having those in mind the only thing that can be made (at least that is what I do) is to buy every day on every various period little quantity of it. In this way you will not "feel" the costs and will have always more an more.
You buy bitcoins at the best price that you can have ike around the 400 or maybe 500 becasue the price of the bitcoin always rise a little bit. So you will always have some profit
of you dont buy bitcoins at the lowest price you can have some drops and then you will only make allot of lose but nice about the bitcoin is that you can hold them forever.

Buying bitcoin is not a big deal, as whatever price you buy, you very will know that someday price will exceed that price and you can make profits in future.

For me it is a big deal as what the price is going to be at the time you are going to buy then that is really going to be a big deal.
And it is important that you are going to consider the price when you are going to buy.
14593  Other / Off-topic / Re: 2017 Year of the Bitcoin on: July 04, 2016, 08:52:28 AM
I am not sure if 2017 is going to be the year of the Bitcoin it has yet to happen and we cannot look in to the future. It is a matter of time before we are going to see if 2017 is going to be the year of the Bitcoin.
But first we have to see what is going to happen at the rest of the 2016 because that is not over yet.

For me I very sure that 2017 is going to be the year of bitcoin and it is going to be as every year is going to be the year of bitcoin.
We will it before the end of the year that many stores are going to start accept bitcoin.
And more investors are going to get in.
14594  Other / Beginners & Help / Re: How to collect BTC ?? on: July 04, 2016, 06:52:13 AM
If you're just starting out you should try faucetbox.com. Although it's not the best or efficient way to get bitcoins, it's good to have a feel at the start to own some bitcoins yourself.

Right, someone just starting his journey with bitcoin should just stick to faucets as he cannot do anything else and even if he tries to do something else he will end up confusing himself as he has no much knowledge about bitcoin.

Fauceting is a good option for new comers, but it probably is not the best risk-free option, there are plenty more options out there needs just a small research that pays you far more then faucets in less time consumed, claiming small amounts of bitcoin from faucets is actually wasting your time if you have some experience in bitcoin world, but if you are new to it then fauceting is the best way for you.


Yes, Faucets are good for newbies and new comers, but it's not for long term. When they already know how bitcoin's works, it's better to leave faucetes and do something else, like join signature campaign and do some service.

Definitely faucets are just for newbies and beginners just for them to experience the essence of collecting bitcoins.
But in the end they will get bored from it and they will start to know and ask about other ways of collecting bitcoins.
14595  Other / Off-topic / Re: Getting My First Whole Bitcoin? on: July 04, 2016, 06:49:38 AM
When I bought my first bitcoin i felt really happy.  Today i have managed to hold 15 bitcoin by buying regularly, and trading on the exchanges.
If you can handle the risk trading is a good way to increase profit.

Obviously, if someone can handle the risk then he can grow his coins easily by trading altcoins, but with a good capital like you had 1btc at first which you bought, just like that someone should have a good capital to start and then nothing can stop him to grow his coins with the time.

Trading is really a good way to get your own bitcoin. But the fact is that you really need capital in able to start out there.
But once you studied well and get some researches on how to be a good trader of alt coins.
For sure, income will just come to you daily.

i only know sig campaign. and its hard for me to understand trading Sad

Well that is easy you just need to take a lot more time in reading about trading. And not all of the traders here are born traders.
Of course all things must be learned and you need to learn it by yourself with your own initiative.
14596  Economy / Economics / Re: Loans too risky? on: July 04, 2016, 06:39:53 AM
if you wanted to loan money, you have to think of how you vote that returned it, because it would be very disturbing if that person does not know how to restore it. if you want to lend bitcoin or money for a business, you must make sure that the business that he lived it truly could restore the money you lent. but it is better not to give loans because it is quite risky

Loans are really very risky once you are not prepared on getting loan or you don't have something to pay back your debt.
And tendency the lender will just loss the trust he gives to you.
Or better to have collateral in return.
14597  Bitcoin / Bitcoin Discussion / Re: What's stopping people from using bitcoin? on: July 04, 2016, 06:36:56 AM
Knowledge about its existence for one? Other than that they are probably just waiting for it to become more used overall.

The moment they can use it to buy anything on/offline then it will be the number one form of transactions for sure.

So the thing that stops people is that they doubt bitcoin. They doubt the fact that bitcoin is really used for online transactions.
On the convenience that it can give to the people.
actually the people have no knowledge about bitocin. that is why they dont like it. i think they are should be properly trained about bitocin hope that they will then not hating them and they will start using it. if we also give them opportunities like to open shops

That's it why people are not using or stopping from using bitcoin is that they are really lack of knowledge about bitcoin.
But once they already knew something or the good effects of using bitcoin.
For sure they are going to use it.
14598  Other / Off-topic / Re: Are you buying bitcoins? Why? on: July 04, 2016, 06:34:33 AM
yes i would love to but i don't how to use my fiat money at online buying

I think people are buying bitcoins today as they are getting ready for the upcoming halving.
And that is going to be profitable for them as the price of bitcoin is going increase by that time.
14599  Other / Off-topic / Re: Are you buying bitcoins? Why? on: July 04, 2016, 06:26:13 AM
I used to buy myself a certain number of coins with a fixed amount of money every month. But I stopped that as the price increased quite a bit and I have found myself to have enough coins to be happy with. Right now it's purely holding while I secure profits every now and then.
yeah just like you today I no longer buy as usual. I stopped buying since the price rose to $ 550 and I stopped buying because
prices continue to rise yeah this time I held for some of my bitcoin and lucky I've sold half at $ 750 some time ago

As of now I'm not buying bitcoins anymore. As the price is going to become higher. But if you are able to buy then go buy.
Because for sure you can get returns once the price of it becomes higher.
14600  Other / Off-topic / Re: 2017 Year of the Bitcoin on: July 04, 2016, 06:24:43 AM
At 2017 I believe bitcoin will find more supporters and maybe be accepted and regulated by some country and some more big companies as paypal apple start accepting bitcoin.

This is really going to happen after the halving price is for sure going to increase and stores will recognize that bitcoin has really the potential.
And if that happens then 2017 is really going to be also a year of bitcoin.
Just like what happened in the past years.
For your information, it will not be the halving that will make bitcoins popular to stores because it will only happen when we have witness a massive adoption from the people then the stores will come in because they already have a good market and that would help them to make the price stable.

The demand is going to be the reason why bitcoin to rise for next year.
As the demand is going to be high for sure a lot of people is going to get in to bitcoins. And more investors are going to give interest to it.
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