i don't think its a right time to buy bitcoins. Because the market is showing negative impact. So don't take risk now and wait for more sometime, maybe price will be more less and you can buy in more bitcoin with less money. In my opinion you should try end of year Or in January to buy more. Hope bitcoin increase at the end of 2017 good luck
I do not agree with you. There are many predictions that the price of bitcoin will soon go up. And October will be an excellent month for bitcoin growth. Therefore, now is a very good time to buy this crypto currency After the price dump after the China's ban of ICOs and stopping operation of exchanges together Jamie Dimon's calling bitcoin a fraud. This is the best time to buy bitcoins now and look at the charts now, the price starts to become good at $3,900 so we are now on the rising pattern of the charts and so if I were you, I'm not going to stop buying bitcoin. Every time I have money to spend for food, I'll keep it to buy bitcoins so that in the future I can buy more food. the news really made many users in shock and panic and then sell their bitcoin in the market so the price drops very rapidly, i think this is not a bad thing mate, think that this is an opportunity to re-buy bitcoin at a cheap price and you can look now the bitcoin price start to back up and current conditions now, before prices continue to strengthen, it's good if you buy bitcoin because this is an opportunity |
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and if you lose some of your money you will talk to your self like "i should back my money and if i failed again i never gamble".
And even after loosing shit load of money in gambling you will still think that I can get back all I've lost by gambling. That is the reason why gamblers get in debt. if you ready to gambling its mean youre ready to lost your coin. gambling have hypnotize to someone that play it. if he loss he will play again because he will more curious about taste of win you all know that gambling will definitely keep you playing and hypnotize you to keep thinking that you can definitely recover defeat but what happens is the defeat you will get, actually you know about it and it is a risk of a gambling game,, if you does not want to lose all your money then doing financial manage is a must do,, if you still want to gamble because you want to have fun or other reasons then you have to divide the special funds for gambling only |
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yeah for me it is way too risky since with loans i may get rid of a great deal of income to be honest
It's risky if you are not going to pay the loan, the money that you will borrow. There's no risk at all on this thing if you are the borrower but the risk will be burdened by the lender himself. And it's up to you on whom you are going to take the loan as a borrower and whom you are going to lend your money as a lender. This is a good business as the banks are surviving by this type of service. i think borrowers and lenders are equally at risk, borrowers will risk the more interest they will pay and penalties when they late to pay, whereas lenders will risk losing their money when the borrower is lost and not returning, so if you're a lenders then it would be better if you give a loan to people who have a trusted and have a name only, it is just to reduce risk, btw loan is a profitable business for lenders |
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Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
i dont think so, that bitcoin can be replace by any other currency, bitcoin is getting popular day by day. people are entering in the world of bitcoin on daily bases, they are investing their money in bitcoin, some people are also using bitcoin as in place of fiat money, some shops are now accepting bitcoin for shopping, and the government is now taking serious decision about bitcoin legalization, therefore i do not think so that the bitcoin is going to be merge or replace my any other currency. logically when they want to try and use altcoin or other cryptocurrency they will definitely get to know bitcoin first or other cryptocurency users is definitely still dependent on bitcoin, see almost all cryptocurrencies have exchange rates depending on the bitcoin exchange rate right? so i think it is possible for cryptocurrency to replace bitcoin, but thechance is very small |
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offline wallet like mutilbit is a good choice for me. ez to save wallet dat. archive to rar file with password make hacker hard to crack it
Holding private key is better. Offline wallet can be hacked and password can be stolen and therefore, do not save your password digitally. Try to write down your password or the private key into the piece of people and save it in somewhere in your house. It is better and I can guarantee that the hackers can never figure out house to access your wallet why it's too complicated ? I myself use online wallet and never experienced bitcoin theft, you just need to add Verification or authentication to log in your account, I added sms verify to get into my wallet, so even though I'm exposed to phishing, or hackers know my account password, they still will not be able to log in and steal my bitcoin because it needs code from sms verify to get in my account |
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bitcoin is even now standing powerful why take into account it dead however
Not yet bitcoin is not dead is increasing day by day. Most of the people he doesn't know about the bitcoin. If understand the bitcoin you now how to use and how to get the profit if it will develop every year and it's price is increased day by day it is never dead. It is the use full to greet your future life, it is the best once of the investing i think all users know that bitcoin is growing and growing, why is this thread still there? there is no need to deny the fact that bitcoin gets more famous, i realized this after some of my friends also started to recognize bitcoin, i was shocked by it, it proves that bitcoin spreads all over the world including your city and neighborhood, bitcoin is still very far from the word death #IMO |
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Not sure if what was written in that news was a definitive that China is indeed banning bitcoin exchanges. As the article only stated that there are plans to do so. If, however, it does pushes through then it could post a potential problem for bitcoins indeed. The problem is that other countries might try and follow suit what China has done and ban bitcoin exchanges too.
In my point of view it is not a good decision to ban BTC as it is globally progressing so one should join the race of progress instead of banning it. Bitcoins have brought all the nations on one platform and is acting as a bond between all countries, so it would be stupidity to ban bitcoins. I just found out the price dropped yesterday. because many users panicked because China wants to banning all bitcoin markets in their country? I think even though banning happens you can still use it because they can only access restrictions on exchange only. not directly on bitcoin so you can use bitcoin freely |
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Invest because it's a way to grow your money, you need be more wise investing your money because there are lots of scammer today.
You are right, investing is always grow your money, but sometimes you need to save some of your money for the safety of your future, so we need to invest but not all, at the same time we need to save some of our money. Yes and there should be a good balance between saving and investing as investment will grow your money in long term and saving will help you at the time of emergencies so its good to do both of them and not rely on single method as if your investment fail in future then only saving will take care of your daily stuffs. yeah if you want to earn extra income then it would be recommended if you also invested. but allocate funds appropriately, should not be more than the amount of money you save (imo). eg allocate 50% or below for investment. if you are too afraid of risk then you can allocate a little money in investment |
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Until now I just use the wallet from coinbase and wallet from some exchanger, this is because I am active trading so I rely on wallet from exchanger like bittrex, mercatox and livecoin.
So it depends on what platform you're aiming for. Hmm interesting, I've seen posts of people that they're using hardware wallet because of HODL for future value since its price is incremental. They're are avoiding online wallets or coin based because of scams or hacking possibilities. But then I've read your post and I was surprised, so it really does depends on the users perspective and on what platform you choose. I think it depends on the application whether you're trying to save it or earn bitcoins with respect to the amount you are earning I guess. For me, I tend to keep my bitcoins in a cold storage so that it is hard for some people to really get my bitcoin, they have to be there physically and I think that's impossible. because I'm not a person who wants to be too complicated, so I just use online wallet because it's more flexible because I'm also often outdoors to do activities so I have to use a flexible wallet. then I chose an online wallet and I think online wallet is pretty safe enough. I added authentication and until now I've never gotten a scam or a burglary |
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i had about $200 worth of bitcoin.
How can i earn more with that amount?
should I trading? or make an investment?
and please give me some trusted site to investing my wealth.
**i dont want to give a loan, or else.**
if you had some advice, feel free to tell me.
really apreciate it.
thank you.
Learn to trade, mate. There is money there for as long as you have learned the necessary skills. Your $200 may also be used for hodling altcoins of your choices. That is the kind of investment you can do with that amount. But I prefer trading. Choose the cheapest that has the probability to rise soon. Though it is not always rainbows and cupcakes in trading, the same as in investing. You must be able to take on risks because we all know that digital currencies is pretty volatile. Not all the cheapest will go expensive, not all expensive will stay. I think if you really want to trade, you must be informative to what is happening that may affect the price. I think both trading and investing are good. Trading can be regarded as short term strategy whereas investing is regarded as long term strategy. Traders usually trade bit coins for making profits as early as possible while investors invest in bit coins because they see bit coin as jackpot for them in future. but trading has a big enough risk if you do not have the knowledge and skills. you may trade by noting that you are proficient and have more knowledge about the cryptocurrency market, if you do not have those skills then it would be better if you avoid trading because it would only give you lose, better invest if you do not have those skills |
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Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
I think itīs a very young investment with small real life use cases. So being a speculative asset itīs normal to have very big variations in price. That what makes it fun and is atracting so many people:) Yes an speculative asset that makes people attracts bitcoin. Bitcoin value is volatile because there are many who suppprts bitcoin. Which invested in, continues to buy and sell on bitcoin that makes it volatile. So the demand is increasing in bitcoin. I think total users also affect to the fluctuations and price changes in bitcoins. when bitcoin users are still a small number then fluctuations will occur because the demand and supply is still small. but when the total bitcoin users are very large covering all people around the world of course marketcap or demand and supply will be very large and result in slowing price changes bitcoin in the market |
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I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
the problem is not as trivial as you ask. legal and illegal is a discussion that needs to be reviewed by the government agency concerned. so every country does not necessarily give a decision before there is discussion and study of the people or agency concerned. after all every government and state has different rules and views dude. just because one country prohibits the use of bitcoin does not mean the whole country should also follow to ban bitcoin right? every country will have a discussion first and very likely will have differences of opinion and policies |
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I am planning to buy more bitcoins and keep them for a few more years before I sell them off. My previous profits from bitcoins, I used to pay off my debts and start a mini business here in our place. As of the moment, I'm looking to enter the local stock market scene and I'm on the process of studying them.
My plans upon joining bitcoin is just to earn money for me to save because it would help in my financial needs. But maybe in the near future Ill trying buying bitcoins and sell them afterwards I would also consider investing here. I think the plan is the thing that you will do to achieve your desires and goals, if you plan to get a lot of money in bitcoin I think it's not a plan but a wish or a goal, if you want to get a lot of bitcoin, then you have to make a plan for your wish is achieved, for example you make a plan like buy bitcoin at a low price and then sell it at a high price (just example) |
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surely failure should be a valuable lesson in achieving success later, and I think we should strive to for achieve the dreams of life, of course, success in business.
Yes, those who treat their mistakes as lessons definitely succeed in life but for those who take mistakes on heart and stop struggling for their dreams are never ever able to chase their dreams. You really need to be strong when you have high goals. High goals involve high risks and big blunders, so we should be aware of all this before setting big goals. Right. Everyone experience to failed before become successful in life for achieving their dream. The strong Person is someone who takes failure and mistakes as challenges and motivation to do much better for the next time and never think to stop when feels the hardships and struggles. Having a goal to become rich with bitcoin will take much risk. There is no easy and safe way when it comes to business, trading, and even investing, all have to take the risk in order to gain more profit. When you have a dream, you will never stop to chase it until it will become success. yeah if you want to be rich and successful from bitcoin then you must have a strong soul and spirit where you have patience, not easy to despair, and many other things you have to prepare. so even if you're losing the bitcoin investment you're not going to despair and get out of bitcoin. you will make it as experience and lesson and then try again |
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No, not at all. Think of a thing with limited supply and an infinite demand such thing would always grow. Even a financial expert said that anything below $100000/btc would be less. I even think that he is right because its already $4500 when only 5% of population knows about it. What is it going to be when the whole world would live on this currency. I think that day is not too far.
I also trust such optimistic forecasts. Bitcoin will surprise us all. I buy a few coins, every time the price decreases. And I believe that in a few years bitcoin will make me a millionaire Bitcoin can helps you become a millionaire if Bitcoin in your wallet enough when the price of it have high price. It means you need have 10-100 or even 1000 BTC for makes that future become the truth  bitcoin still has a fluctuating price so anything can happen bitcoin, it means not too late at this time to buy bitcoin because with price fluctuations in bitcoin it is very possible price can go down and very possibly the price can rise skyrocket several times. so you still have a chance to get rich from here |
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What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved  I think there are four reasons why Bitcoin can not become formal payment: 1- Not many people know the existence of Bitcoin. Although the numbers are increasing, developing countries do not have as much exposure to high technology as bitcoin. 2- Bitcoin prices fluctuate sharply: up to 10-15% per day. This has made many people unhappy with their money, despite the overall trend of bitcoin prices rising rapidly in recent years. 3- The size of the block needs to increase as bitcoin users get more and more so it seems is also slowing down a lot. Although hardfork and segwit. 4- Bitcoin is not really safe. There have been hackers stealing bitcoin. Bitcoin is also used for money laundering purposes. yeah I think the block size should increase, if bloksize has a continuous number like this then the confirmation will be very slow. I think the dev or bitcoin team should start discussing this, as users continue to grow each day and confirmation will also continue to slow down if this is not resolved soon. do not let many users out of bitcoin just because of this problem |
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In this life like today, we can not escape the name of "Cash". Cash seems to have been embedded in our daily lives. Even today many small children even adults though are "money conscious". If you give them a choice of cash and Bitcoin, then do not be surprised if they prefer money than Bitcoin.
the digital era just get started, no wonder if people don't know yet about how bitcoin could work the same way like cash work as currency to buy things. don't compare it like that , as there would always a pros and cons to be debated . while cash and bitcoin itself each has different benefit. sooner or later bitcoin would adopted and used just like cash today. I love the way you think though. Both cash and bitcoin are equal in the eyes of people though it is digitized yet it can be used for purchasing goods or anything. I strongly believe that people are not hypocrite. No matter what appearance of money still it is profitable and for the sake of survival. Both are good with special needs of it. More powers for bitcoin. The only major difference is we can not use bitcoins in real life that's it. Apart from this both have their own qualities and have value in the market. But as a mate said in future we will get a chance to use bitcoins in real life, and we can buy our things with paying bitcoins. My dream is how we can use cash like that i need to use bitcoins don't know when that day will come. you must never experience to buy a cup of coffee with bitcoin or repairing your vehicles in real life right? as long as there is a merchant ready to accept bitcoin you can do it even in real life. it's just the matter of time where the adoption could spread evenly and people realize the urgency to use bitcoin as their primary currency in the future. i think currently most of the shopkeepers are not ready to accept bitcoin for shopping in fact they themselves do not have any idea about bitcoin, but i am sure that when they will know about it then we can expect that they will start accepting bitcoin, i think we need to introduce bitcoin in our area if we want to make bitcoin popular in our area and if we are welling to use bitcoin in our local shops for shopping. I think even though bitcoin becomes popular though and is widely accepted in various places and merchants, but it would be useless if the internal bitcoin has a very expensive fee for shopping and a long time confirmation. this is why people prefer cash rather than bitcoin. if bitcoin can match cash at least bitcoin has a very cheap fee. and very quick confirmation |
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Is it better to save money in bank or invest it online, in real estate or maybe gold?
It will somewhat depend with your goal. If you want to make more profit out of your money, you shoukd invest it online. Why online? because it is the new trend. Lots of companies are bringing their businesses online to cope up with technology. And if you're afraid of the risk on investing, maybe you should just save it in banks and use it whwn it is needed. The decisions still be with you if you risk it or not and if ever you saved it with banks the interest always disappoints you specially the annual rated is so low. Despite with that situations, the money still safe unless the bank will declares bankruptcy. Saving is not that easy for so long, because money will be spend and unlike with investing like holding a bitcoin in your wallet will surprise you in the future as funds grows bigger you can even control yourself over it an take the profit and dump it for good. I think do not rely on bank interest because it will surely disappoint you, if you want to make a profit then you can make investments and profits will be several times much larger than bank interest. yeah saving for a long time is also not an easy thing because you have to hold the urge to shop when you have lots of money in the wallet lol |
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Although users are increasing sharply, but I'm not sure bitcoin will be used almost people in 2022. because there is not enough time to socialize the use of bitcoin so bitcoin can not be used by many people.
The remaining years before 2022 is not enough for bitcoin to get accepted by all of the people in the world because there are still people who are not interested in bitcoin and they don't want to get involved in bitcoin because of its risky environment and that is why i think bitcoin will not be able to make it in 2022. thats true, the growth and development of bitcoin can be said to be quite fast nowadays, even everyday there are users who adopt bitcoin. but for the next 5 years it is impossible for bitcoin to have any number of users in the world. because of course there are some communities who do not understand technology and they will not be able to join bitcoin, because the next 5 years I think have not entered a new era |
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