I have been in the world of bitcoin for a little bit more than a year it’s a shame that I did not discover it before so I lost many possibilities to earn big but at least I’m way ahead of the curve since I’m sure that 99% of people still doesn’t have any bitcoin.
That's long enough to make good earning in bitcoin world, I just knew about it around one and a half months ago and I am grateful. I don't think 99% people still doesn't have any bitcoin yet, if we look at percentage of bitcoin transaction and how much people used it, I thought it about 3-10% people have bitcoin, if it's not impossible bitcoin could reach good price like nowadays. |
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It can effect your life allot when you are making some extra money with it, even the smallest things can sometimes make a big difference.
It has effected my life in a big way.
Sometimes. But most of the times, not. I'm making extra money but not that huge to make a difference. I know it because I don't feel it. We all here looking for bitcoin right, it's bring some extra money. I know some people here make good earning from offering services, Sig campaign, gambling sites, and so on. Who get huge earning must be different in their way to get it, so of course it's affects life a lot but for them, who can earning big profits. |
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Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement
If you want to become rich then you will need to work hard and only focus on working and working that is how you become successful. People who are rich these days all worked hard and did not think about the money. you would most probably need to work hard for that but you might just invest into bitcoins right now and wait for the big price growth You cannot depend only on bitcoin to get rich as you can't afford to put all your money in a single investment as if bitcoin disappears in future then you will loose all your money. No one could predict what exactly will happen in the future as the first invented of bitcoin and now it has high price. I'm always wondering is it a good decision to put mostly of my money in bitcoin, it's already proved as a good investment but I need to have another plan just in case. |
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In my opinion bitcoin will not be used for everyone, in any year. It could be a good money system accepted on lot of countries, but people doesn't want to have only one option.
many things can happen in 6 years, we can see the price get higher hopefully but I think bitcoin won't be use by almost everyone in 2022, even banks now are not used by almost everyone depend on which country you live. Bitcoin will mostly use in developed countries like Russia, US, China and banks will adopt blockchain technology if they want to survive in a world that increasingly advanced. |
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I believe that we need them both. For the present moment bank accounts can be widely used for many more things than bitcoin wallet. But I can see that the BTC walltes are gaining more ground every day.
Bitcoin wallet and banks are different in some way to manage and their rules of it. I agree for now and so on we need them both, for example in my country no shops or stores that accept bitcoin as payment except some online stores but limited service/goods to offer so we need to convert it, after we exchange bitcoin to fiat money we still need banks account to transfer it |
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I would say bitcoin has been really very strong in the last one year or so.Now we see bitcoin being accepted as a means of payment in most of the online shopping or exchange sites.Like we seen in neteller we can now deposit with bitcoins,and now can also exchange with other currencies as well.
In short, we get stronger the more people use it. Because the more the customers, the more the shops and the more the shops, the wider the market and the wider the market, well, you know what that means. It will become more strong in numbers, more people use it, the price should increase and more stable. Massive adopt will bring a good foundation for bitcoin, even now we can speculate not many people know about it but bitcoin already has strong base and keep rise again after it fall. |
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For me there is not too much trust in Bitcoin, its more a calculated investment. The price could change in an instant on bad news and exchanges or wallets can get hacked - definitely not something I would trust. But its also a potentially great way to accumulate money.
It is very bad that you are a SR.member and talking like that, as a SR member have spent 8 months on this forum and in that period a person can get a more better knowledge about any thing, so you should have to learn all the things about bitcoin, you have to know that bitcoin is a currency and at the stage from where bitcoin is passing the same happens due to some factors. You may been here more than 8 month or more than that which has some experiences about bitcoin and whatever related to it and could conclude we can trust bitcoin as a good investment with some advantages. But for me that have been here for less than 2 months, I can conclude that we can trust bitcoin as we can see in the charts of bitcoin every year, bitcoin remain a good online currency. |
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Bitcoin is just a good way to invest your money?
Or we can also store our money there, if the price stay stable?
What do you thing about this?
What more can I say about this question? It is more generalize reason of most member here in this forum. Like me I joined here Because I believe I can store securely my savings which is Bitcoin. While storing it/holding it, I will sell it once the price is really stable. Yeah, some people must be have same reason to buy or earn bitcoin. It's a good way to store our money as we know that the price of bitcoin keep increasing every year, if the price stay stable it's just same as common money in every country and we will see not much people would store or invest their money in bitcoin. |
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Why do you use Bitcoin instead of FIAT currencies?
>Anonymity >Decentralization >No Service taxes >Faster Transactions than any other Fiat Banking model. What value does Bitcoin bring you that normal currencies do not?
I have control over my money,my bank does not.I decide where and how to spend my money,my bank doesn't. Price of 1 bitcoin can change over time while $1 will always be 1 dollar. If we want to make crypto currencies popular we need to agree on what makes them BETTER than the FIAT ones.
WE NEED TO SPEAK IN TERMS OF VALUES!
On what to be specific ? Right now 1 bitcoin is 630+ USD,what values you need to convince yourself. Strongly agree, bitcoin has more advantages more than fiat money even in my country just online store that accepted bitcoin as payment, so mostly of us convert to fiat money in case if you want to. The most we like bitcoin because the high price that keep increasing every year. |
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Bitcoin like a stuff then worth as money, is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money. So there free you for anythings. Wanna buy house? more stuff? there back again how you do better yours self and family.
From the beginning I know bitcoin as online currency that has high price from time to time. Of course you can buy a house using bitcoin as payment (if accepted) or simple convert it into fiat money to pay for the house. I'll do the same if bitcoin goes up very high, that's why it called as long term investment. |
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I choose gold for a long term period of investment because i know that the value of gold will never falling back while i choose bitcoin for short term investment and to make trading but both have advantages.
Everyone looking for something safe as investment but not all options has it. Gold as investment more safe than bitcoin for sure, but we have faith in bitcoin that the price will always increase next year, so I agree we could choose both of them as investment just in case if something going wrong with bitcoin, we still have backup plan. |
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my investment strategy is simple, buy it when price bitcoin is down and sell it when the price is rise
and also hold some btc for the longterm invesment. I want to sell it if price bitcoin up to $1000
I think this method is too simple? when you need to research before trying to buy at a low price? because you do not know the prices down is the low price or the price a good buy or not? so I think there are a lot of considerations and methods to invest or trade bitcoin and this is not an easy way too. buying bitcoin for cheap price is over. anyone who bought bitcoin for cheap are lucky now. but no one can buy bitcoin for cheap anymore. the reason is clear. bitcoin price is now pretty much high then a year before... you can only get few dollar profit with trading bitcoin at the current price but making huge profit is like a dream. Anyone who bought bitcoin with low price than it's current price like last year when the price around $250 must be get nice profits right now. But, I don't agree if no one can buy bitcoin for cheap anymore. Of course now the price pretty high, but how about next year? If someone buy about BTC10 now and we can see next year the value increase reach $1000, he will get nice profits too. Because the price always has increased every year. |
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It's not actually earning a living with bitcoin because my earnings from bitcoin are not sufficient to meet my daily needs but it is really a big help on my budget. Bitcoin is really helpful to lots of people.
Yes its a big help because of btc i have extra money to spend for my personal needs, though i cant go full time in btc i still have time to earn btc and im contented with just that. i also have real job and business so i have to manage my time. Yeah, some of us here just looking for extra money to spend for something we need or for saving it. We know that some people here really get into bitcoin world and make good earning for living like they're who hired us in signature campaign. For me, it's just side job if there is nothing to do (free time). |
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I don’t think we should reach to any kind of conclusion at this moment, things might be confusing at the moment but it would be too much hurry to jump to any conclusion. One should express your opinion but should not try to impose it on others because it might create the negative impact on others and especially newbies.
Additionally, it would be great if you quote links and add detailed view about it because the title and one word in the post are not enough to have a clear picture.
That's right, don't be hurry to get negative conclusion, at least we need to see the article/news of it. We don't know yet all about it, how could that happened, what impact to bitcoin, if something bad then we should be worry but if there's nothing that could be negative feedback to us, be calm down. |
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hey guys im still a newbie here and im asking where can i invest my only 0.1 BTC BTC ??
Well, I think you have several options like start trading, gambling or just hold your bitcoin as long term investment waiting for some years later. If you want trading, I suggest you to learn all about it first but you can't expect for high profit. I like to gambling with that amount, it will give you nice profits, I suggest to try sports betting but you have to see tipster recommendation. |
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Too bad and i strongly dislike about that because bitcoin is a freedom for me and with a bank is wanna adopt bitcoin and that is same means the bank will starting making any intervention with bitcoin and i don't like about that. I think it would be good if banks adopt bitcoin, it will be a good-think of course. Bitcoin will have massive adopt from people worldwide and it should increase the price of bitcoin. What intervention of banks that will be harm you? Banks will just make some adjustment with bitcoin and blockchain technology to adopt it. |
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Currently not buying bitcoins because price is so high. It just went up around $30 over the weekend. Lets hope it subsides a lil bit till price can be handled and i might buy more for trading.
Yes even I think that current price is higher to buy bitcoins, its better to wait for next few days and see if price goes down or not, and if price goes higher then will be satisfied with existing coins. well, currently price just got increased and I think it's still a good time to buy bitcoin because from now the value will get rise until the end of the year. next year? I don't know but it should more increasing around $650-700, hopefully. |
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I get into bitcoin from my friend. At college my friends have told bitcoin to me and he can earn a lot of money from bitcoin. I am interested and I asked to be taught how to profit in bitcoin. I was directed to be active in this forum and I use a signature campaign. Now the results that I obtained very tolerable to add my income.
we have same history get into bitcoin, lol. I was laughing read your post. It started when my friend has income and I asked him about it when he told me about bitcoin. I do some research first and open some wallet but didn't know how to have a good way to earn bitcoin because faucets just give a little bit and then he told me about this forum. It's nice to start and try to earn bitcoin. |
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Russia has always been one of the most hostile regimes towards Bitcoin. There were drafts proposing to criminalize the use of Bitcoin with a penalty of up to 3-5M Russian rubles (over $50,000) or even with a term in prison. But just a few days ago the last such proposal was scrapped, and it seems that the authorities are no longer trying to turn Bitcoin users into criminals.
In July the Russian Ministry of Finance had stated that it intended to allow citizens to buy cryptocurrency for the purpose of reselling, exchanging, and using beyond Russia. At the same time, the same proposal suggested banning Bitcoin mining since it was considered as issuance of currency. And just a month later Alexei Moiseyev, Russia’s deputy minister of finance says that the ministry (which has long tried to pass a bill to ban digital currencies altogether) denounces any direct ban of Bitcoin.
So it looks like the last unassailable fortress standing between Bitcoin and its universal recognition across the world is about to collapse
If this is true,this is really good news. Hope that this will have some impact over the bticoin price. Maybe bitcoin mining will be profitable in Russia as well. That's right, if Russia allowed citizens to buy bitcoin will impact on it prices as more people using bitcoin to shopping, selling, services as a payment. More countries adopt bitcoin we hope that would be make the price keep increasing from time to time. |
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I lost 1btc. I put this on a exchange sites and it's got hacked and all my btc gone. I really was upset for this.Everyone keep your btc on safe wallet don't put it on exchange sites.
Did you put on bitfinex or some where else? As I have few btc invested in poloniex but I don't think that site will get hacked as most of the users have trust in that site. Woah 1 btc is large amount of btc, its hard to earn that amount. What is the name of the exchanger site is that? I think its all your fault because you didnt secure your account, many traders here like me want to know if it is your fault or the exchangers fault, if it is sxchanger what is the name of the site so that we didnt trade in that site Well, many people had lost their bitcoin when exchange sites got hacked. Bad luck if your fund was stolen, we should put our btc in some wallet and not too much in trading exchange. I ever lost bitcoin because my wallet got hacked through my email, I don't know how could it happened. So, I learned not to put my btc in just one wallet and set 2nd verification. |
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