I am using it for trading and some of them I am saving for future so can sell them when the right time comes, so even if my trade goes wrong then my saved coins will help me out in future.
That is what everyone should do or everyone does that i guess, i personally also do the same, i trade as well and also keep the coins in my wallet beside from my trading capital, and if i pick up some loss in trading then i will still have bitcoins in my wallet. |
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USD is still much much bigger than bitcoin right now. I hope bitcoin will be able to get to the level of USD and euro but for that it needs alot of power and big investors.
I don't think it will ever get that far tough cause too many powerful people would stop it before it gets close.
Maybe it can get there too but for that it would probably take a lot of time because those coins like USD or EURO has been around for a really long time and all the world believe them while bitcoin is not used as much as they are used in the world. |
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There's a lot of way actually to grow your bitcoin. You can look for some services in the services thread that pays bitcoin in return after you've done what they wanted you to do, like posting some links in the socials medias something like that because most of the services in there are like that. You can also do trading if you know how to do it how to deal with people (just be careful for scammers) sometimes it happens. But the only one thing that you don't wanted to do is gambling, because it always do magic. It always makes somebody's bitcoin vanished in no time.
There are few people who are successfully making good money from gambling, but its not a cup of tea of everyone as not everyone has that courage to take risk of investing in gambling to make money from it. Exactly, not everyone can make profit from gambling as it is not designed to make us rich but it is designed for people to have some fun but now a days people think it is a source of income which mostly makes them invest their money into it and when they lose it all they start regretting. |
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There are cryptocurrencies whose projects are basically startups, because they have platforms for blockchain services and applications.
Take a look in the top coins on the coinmarketcap site and look for projects with more potential to grow.
there are many crypto. So be carefull to invest you money altcoins is easy to a scam and dump. that's right, we need to look for a great project in the future. That's not a hard decision to be taken as we can easily know which coin is good to be traded if we see their market caps where we will see how much bitcoins have been invested in them, if the market cap is too low of coin it means we should not risk our coins on that. |
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With that sum you can try to invest in trading and doing daytrading between USD and BTC in an exchange. Need to learn technical analysis to read charts. 5-10% gain per day is good if you can achieve it IMO.
10% is a lot if you ask me for that capital, if someone can get 10% everyday from a $100 it means he gets $10 a day which is really great, and he will be able to double the amount in just 10 days, so i basically mean even if you get 5% per day that is also enough for that investment. |
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Yes, i spend my bitcoin actively in my daily life. It serve as my mobile load provider.
to be honest i have never tried paying with bitcoins for my phone, actually i have never spent any bitcoins Good for you that you didnt even spent your bitcoin and i assume you do have lots of bitcoin as of now. Spending bitcoin actively would be good it depends on where you would use it. Same as others said they could load their mobile phone with the use of bitcoin which is trully an convenient thing. I never saved any bitcoin I earned for the past six months. I always wanted to but the thing is I also needed it cover my expenses for almost everyday. Yes, I am one of those people who uses bitcoin to load our mobile phone. Only if I have some extra job then maybe I could save more bitcoin and eventually will have a savings. I also load my mobile with my bitcoins but as i don't have any other responsibilities as a student so i can save quite a lot of them, because i don't have a lot of expenses and when i need money i just cash out some of it and keep the others safe in my wallet, that is how i'm going with bitcoin. |
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bitcoints strengthens its position among the payment methods. It's a lot of interesting and convenient. But the main advantage of BPS - the growth of its value. This is the main reason for its popularity
Unstable price nature has been a major dominant for bitcoin to become popular but i think bitcoin is popular because of anonymity and method to earn it.Block chain concept has greatly revolutionized the digital currency system. These two are actually the main reasons for bitcoin to get so much popular, first one is price fluctuations, and second one is its anonymity, which makes it so loved among the users online and also some people love it because they can earn it for free like me, i have never spend a penny on it but still earning quite a good amount every month. |
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A friend of my want to give me 3BTC and he want me to pay him back 4BTC in 2month 7days but he asked me what will i do with it, how can i turn 3 bitcoin to 4 in 2 month 7days, what is the best investment that can give me good ROI in that short period
So please i ask for your advice
If you are not sure on how you gonna use those 3 btc then its better to give it back to your friend and dont risk to take it and give him back with interest. You dont know how hard to grow that money, if you dont have any idea about investments then for sure you would waste all that money in no time. Yes its better not to risk them by investing in something where you won't be able to handle it, or else you can simply save them cold storage and sell them when you see higher price in future. But as he stats in OP that he needs to pay him back 4btc after 2 months, so there is no guarantee that the price of bitcoin will grow to enough percentage that can generate him 1 or more than 1 bitcoin in 2 months as we can see the price of bitcoin is quite stable these days. |
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When I have received my salary from real life work. I'm usually spend 10% for investing into bitcoin as I can made better profit rather than I'm doing gold trading
Trading bitcoins obviously can be more profitable than trading gold as the price of gold is more stable, and bitcoin price grows gradually with the time that can generate some great profits to its investors, so if i also had a real life work so i would have been investing in bitcoin too like you as i also see great potential in bitcoin. |
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I think it might disappear but if internet disappears and if that happens then people will definitely go mad as everyone is dependent on it but I don't think that internet will disappear in future in fact it will be more stronger in coming years, Also bitcoin being replaced as the digital currency is unlikely as well.
That makes no sense, i don't think that is the case, bitcoin can disappear without internet being disappeared from the world as bitcoin is just a digital currency which obviously is too strong but still as said nothing is impossible so that can also happen if suddenly something really bad happens to it which doesn't seem to be happening that soon. |
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Earning money with bitcoin can be done in several ways. One way is to just convert fiat to bitcoin and wait for the coin to rise up, which is what most people are doing.
Other ways are trading and forum signature campaigns for example, both of these can earn you a nice amount of bitcoin which you can use to invest or trade more.
Selling services is also a considerable way of earning bitcoins if someone has some skills that community can use, because by selling your services you can earn some good amount of bitcoins, probably more than what you can earn in a signature campaign. |
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Steady way to earn bitcoin is only from signature campaign and I don't see any other ways to earn it as rest are very risky ways and won't give you stable and steady income ever.
If by steady he means a income that should be the same for all the periods he gets paid for then signature campaigns is the only way as you mentioned, and if by steady he means that just profit should be there then there can be other ways as well like trading altcoins which is one of the most popular ways of earning profits in bitcoin community. |
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Be careful with investing and where you invest your money. People on this thread could also not be 100% trusted when they recommend something do your own research first.
I have gotten scammed before because of a great investment which turned dark.
I think people on this thread are just posting suggestions but not websites where OP can invest his bitcoins and get scammed, and ofcourse someone should not do what others say but he should listen to all but do what he feels is the best for him. |
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I'll use that 10 btc for 5% gambling, 40% trading, and hold the left
I would do about the same I love to example every now and then so I would also use a small fixed percentage to gamble and try my luck the rest I would invest with and trade with and a small part I'd let it on my wallet just incase I'd lose the rest haha. I would rather cash out that 5% better than gambling it atleast, as i'm not a lover of gambling though i used to play sometimes just for fun with just small deposits that i never cared losing about. |
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There are no guarantees that bitcoin will gain in value so you need to use caution. I believe that there is a very good chance that we can make money if we invest in bitcoin now. However, it is a high risk investment.
It obviously has risk, though it can generate huge profits for the investors in coming time but that is still just a prediction and no prediction can be 100% accurate, so someone before investing should know the risk and if he think he can manage the pressure then he should invest otherwise he should stay with his money in real world. |
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What would you do?
Move onto another coin?
Cry all day long?
Throw your computer in the pool?
Eat 100 bananas?
I think i would eat 100 bananas and cry all day long  it would be very sad if bitcoin died and there is no way to save it Lol. It would probably be painful to eat 100 bananas at once  anyways, i really don't think bitcoin will just die like that because the large community of people it has, the investors, the holders, the spenders, what will happen to them then? what can be the reason of bitcoin to die? |
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Yes, i spend my bitcoin actively in my daily life. It serve as my mobile load provider.
I've used my bitcoins for recharging my mobile too... but rechargning mobile with fiat is cheaper then bitcoin.. these Pop up sites charge very high fee. and bitcoin is not something to throw away like that.. now I'll prefer to hold my bitcoins or spend them wisely. Though recharging mobile with fiat costs less as the sites that send recharge to you for bitcoins in return probably charge some fees as well but the feeling you get by recharging your mobile with your web earnings is really great, atleast that is for me, dont know about others. |
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very imposible is altcoin can replace and take over position bitcoin
is number one crypto coin, all altcoin still need bitcoin to convert fiat money
altcoin can replace and take over bitcoin must follow requirement
trusted big community high volume transaction, and all exchanger must support pair fiat money
That is right. The bitcoin will be the base currency. It is the reserve currency in the digital world and not replaceable. Bitcoin is the king of digital coins, and it has been around from the time when there was no other currencies like how much there are now we can see in the markets, so they wont be able to even come near bitcoin in terms of price or popularity, they run because of bitcoin but bitcoin does not run because of them. |
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I think best way will be to invest in trading sites because all other bitcoin related sites ate svam and could run away with you money anytime but in trading sites like yobit your money is quit safe upto some extent and you could make hefty amount of profit if you stick with trading and all other way to earning bitcoin is fake and will result in getting scammed. As i was a such victim do I have experience of that. So I would only advice top invest in trading sites.
Not only you but a lot of people have been victim of those scam and hyips roaming around the community to find some people to scam and run away with their money, but now a days people are more wiser and they know what to do with such kind of sites and i'm sure people wont invest in them but will invest in places like trading or something. |
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Better not to teach all about bitcoin but you can give overall difference and features bitcoin provide than traditional paper cash. May be slowly they will start searching more about bitcoin themselves if they find it intresting, if they learn themselves than they may understand it in a better way.
It is true that someone learns in a better way if they are learning something by their own well, but if someone is forced or told by someone else to learn something they wont be able to get it in the way the person wants. |
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