Basically it would attract bitcon users for having a stable value. But moreover, it would be more attractive if the price 'unstable, so we could have the perfect time when to buy and sell bitcoins
I agree to that. We are used to unstable price of bitcoin and that is what we need in bitcoin so we can have a great investment. Bitcoin is volatile and its price is not stable and it can go up or down very hard anytime and that is what the thrill for bitcoin and that is what help us to make money and get rich so if bitcoin is stable then less people will get interested. although most users prefer fluctuating or unstable prices but the fact that along with the ever-increasing number of users will increase the number of marketcap and will certainly make the market price changes slower, for those of you who really like fluctuating prices, I think you should be prepared with a stable price |
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Maybe, yes, because bitcoin is already famous to people but it just that some are not interested about it yet because they do not understand it. But sooner or later, I believe that when people understand the importance of bitcoin, they will also want to have it and this will be the reason that bitcoin will stay after 100 years.
Yeah, many people are now getting interested to enter the world of cryptocurrency and eventually want to earn bitcoins. I think in the next 100 years the bitcoin will survive and I can that it is impossible to lose the value of the bitcoin. seeing bitcoin users who continue to arrive is likely to grow bitcoin users to cover the whole world will take decades. that means the next 100 years the possibility of bitcoin will still be alive. but for external and internal constraints, such as upcoming competitors, more expensive fees, slower transaction speed, etc. will affect the bitcoin lifetime |
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Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!
I will spend some if it but i will save or invest the remaining. It is because if you just spend all of it, nothing will remain to you. You will start earning again through small amounts. But if you save half or some if your bitcoins and invest it, you will have continuos generation of bitcoin. Just be wise managing your own bitcoin. I think depend your case when decided spend or save our Bitcoin. You have to remember, the potential of Bitcoin is unknown, because it created by the faith in Bitcoin community. The faith can be changes anytime, of course in someday this faith can changes to other cryptocurrency or asset is possible. so do you mean the future of bitcoin is still uncertain or vague? what about the millions of bitcoin users who already trust and invest in bitcoin, especially with the continuing arrival of new bitcoin users? I think it will be difficult for other cryptocurrencies to dominate because bitcoins have a strong base. I still believe in bitcoin and will continue to keep it |
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I will not accept bitcoin as a salary from a regular job because it is volatile so the value of the bitcoin that i will get is not stable in fiat so i might get a high salary or a very low salary so i don't think that it is a good option for the companies to pay their employees using bitcoin and i will still prefer fiat since it has a fixed value.
I agree with this. Yeah we know the value of bitcoin is not stable it will drop or get high everytime. So it means your income is not stable too. But if your employee fixed your salary on a local currency well that's great. It is better to pay you in o a local currency than that. We don't know when or what will happen to crypto currency on the future. if you just look at the unstable bitcoin price changes and then judge that the earnings from bitcoin can not be used as the main job because income will become unstable and I do not necessarily think you're wrong. many users have proven that they make bitcoin as the main job and income even when the bitcoin price fluctuates? |
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You can tell me anything what's bitcoin worst enemy is...
Mine is, government!
Bankers are the real threat, bitcoin in itself is not a threat to any government, the threat of bitcoin is against banks and their interests, so it makes sense they are the ones that are going to make the greatest efforts to stop bitcoin, they have tried to stop bitcoin adoption by canceling the accounts of some exchanges but it seems they are going to use their greatest puppets, the media and governments. I think the bitcoin opponent is not from the bank, because the bank has no authority whatsoever to ban bitcoin, I think bitcoin poses a threat to the government of course because the decentralization and anonymous of bitcoin make the government afraid when all the people in their country use bitcoin, actually who want to stop bitcoin development is government #imo |
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I would still use it. Not sure how the government can really find out you are using bitcoin unless you walk around screaming about it. They could block the exchanges, but you can use proxy or VPN to go around it.
I would like to ask you how will you still use it?' When It will be banned in your country then how can you use it or how can you exchange it in your cash? It will be useless for you isn't it? If it's banned in your country you can only try to use/sell BTC via a VPN proxy connection (secure tunnel) to an exchange in another country where BTC is not banned. All data sent via the VPN tunnel is encrypted so not even your internet provider knows what exactly you are doing. Or (riskier) try to find someone in your neighborhood that will buy your coins and pay in cash. I think although bitcoin is prohibited in one country even though it will not make the government blocking the internet exchange site #imo. in my country there is an appeal not to use cryptocurrency because of the risk of loss, but the government does not necessarily do blocking on sites about bitcoin let alone exchange sites |
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What If Bitcoin is banned in your country will you still use it?
If you use it how will you? How will you exchange it and how will you completely use it as you do before.
Don't really think this is possible since there is just no point in banning Bitcoin. The countries that ban bitcoin would just be crippling themselves and their economy. Most countries would just tax Bitcoin instead of taxing it. Yes i agree. What is the reason for banning bitcoin. Its money so why theyre banning it. And theres no proof that bitcoin is not good and illegal. And many investors are investing here. I think it's not just about taxing bitcoins. the government banned the use of bitcoin because the government noticed that bitcoin is highly vulnrable to serve as a facility for financial crime. with an anonymous and decentralized merit of course criminals will easily commit corruption and similar crimes without knowledge of anyone, that's why the state forbids bitcoin |
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I think you should hold your bitcoin and wait for it to grow maybe in that way you can have some steady income but you can join in some signature campaigns too and it is a help.
Maybe earning bitcoin everyday can make fit the question or topic of steady income. But a sure steady income is if you have a job. And then you can double your earnings if you will have a sideline job like this. Doing bitcoin gives us much more. I am holding my bitcoin until it doubles and have a high value. Agree, a stable job will bring steady income, and this job is often our main job in life, it helps us earn a monthly income and maintain our daily living expenses. Job with bitcoin or any online job will only bring us additional income, it can not be stable because in those jobs there is always existed factor is luck, and luck is unpredictable, so the best way to have a steady income is a work in real life, to be paid in cash yeah earnings from bitcoin can not be used as a steady income, although you get the same earnings every week from the signature campaign but your income will not always remain if converted to fiat see bitcoin prices constantly changing due to fluctuations. after all what is the advantage of steady income, I prefer a large income though not fixed (become a businessmen) |
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In addition to reducing unemployment bitcoin can also be an alternative to find additional money for those who already work
Yes I agree with this in addition to reducing unemployment bitcoin able to supplement income for people who are already working, But indeed in fact true with the bitcoin able to reduce unemployment so bitcoin able to make people make money by alternative way. In this case bitcoin is able to help our economy. Yes i agree, because bitcooin can be their source of income. Instead of finding a job that not appliicable to their subjects. Bitcoin is for everyone. It can be access using internet. So if you have enough knowledge about bitcoin it can help you financially. I’ll say the same. Bitcoin has changed the lives of so many people who are dealing with it and investing with it, thus bringing more opportunities for the people to earn money. And I think it is playing a very vital role in eradicating the unemployment from the society and it will keep on doing so. yeah bitcoin really has become a problem solver for many people. especially for those who do not have a job. including me. now I've graduated from college and I have not had any job in real life yet. very lucky because I'm a bitcoin user and I invest and have a business in bitcoin, so earning from bitcoin really helps my finances, this is a small example, how bitcoin reduces unemployment |
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Investing is risk but it gives you profit and if the price of Bitcoin is going up so you will get multiples profit.
Saving only make you safe but less profit then investing. Risk = Rich. I vote for investing.
Well, there isn't being held a comparison here. But if you ask me, then my vote is neither with saving nor with investing...  It is with earning, earning bitcoins without any investment and then saving them for future, waiting for the prices to rise regardless of the rate and downfalls... Earning bitcoins the way you have mentioned requires a lot of time and hard efforts. For earning bitcoins you need to work for signature campaigns etc but if you have enough money for buying bitcoins directly t any popular exchange, then why to work for campaigns. Simply buy bitcoins and save them for future purpose. actually holding bitcoin is also included in the investment but it will not grow the bitcoin you have, but if you do not want to get a big risk then you can just do the holding alone. but if you want to get more profit from bitcoin, then you should grow it in sharing investment methods like investing in minning site, ICO, altcoin, gambling bankroll, etc. but it will add to the risk of loss that you will face. |
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Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!
If ever I'm going to have a lot of bitcoin in my hand, I will choose to spend some and then invest the most. Having a lot of bitcoin surely made me work a lot and to pay myself a reward for my hardwork, I think spending some of my earnings will work. Since the certainty that I'm going to have that much of a bitcoin is not that sure, I will be investing some so that when the time comes that most of the people have lost their bitcoin, I will be able to have some money for the things I want in the future. Don’t worry, if you are going to keep working hard soon you are going to have a lot of bitcoins and the plans you have bitcoins are sagacious. It is never recommended to cash out all of your bitcoins because they are continuously on their way to moon and the latest market trends of bitcoins are pointing to further increase in the prices. of course it's not recommended to cashout all the bitcoin you have let alone use all your bitcoins to spend, for this thread you just need a plan to manage your bitcoin. you can start with the needs you have to pay, the amount of income from bitcoin, then the allocation of investments according to your ability, etc |
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Frankly speaking as of now there is no such bond, fund or stock related to bitcoin which is legit and gives good returns too. I would suggest you to go for some popular altcoins like ethereum or ripple. They still have a lot of room to grow moreover they have proven themselves to be legit. Saying this I would still recommend keeping bitcoin as bitcoin is still a good investment.  bitcoin is good for a long term investment and does have a lot of potential for more successful development when it features revealed more. Having btc as a saving is one way for investment,but joining in more interesting and potential ICO would be much better. Bitcoin is a good long term investment if you can predict the lack of a bubble bursting. It is rising very quickly as of now and we don't know how it will do in the future. However, investing in ICO and altcoins is not a bad idea. I say this because how a project is doing need not be impacted by how bitcoin is doing as well. currently investing and buying ICO is a popular investment many users are starting to glance at this business many of them are looking for potential new ICOs that have new innovations, good ideas and with advanced technology, with it will make ICO have market and users so they will get a big profit when ICO is launched and has a market price |
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Hello All,
What you think is the best investment to gain steady income in btc without actively doing anything?
So no trading/gambling/loaning etc.
Steady income more likely to be 'small & secure' than 'big & risky'.
Thanks,
BR Oinas
I think that one good way to gain steady income in btc without actively doing anything and more of being "small and secure" is by investing. Just put in your money there, no need to trade or anything, and wait until it gains profit. holding bitcoin will not give you a steady income dude, let it be clear. even you do not know when prices will go up and you do not know when you'll sell your bitcoin and make a profit right? you can make a profit on a daily basis or even not get a profit though, hold and investment is not a steady income #imo |
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I think in the presence of bitcoin will reduce unemployment, because searching for bitcoin also requires hard work and creativity, and competitiveness in bitcoin is also high almost similar to work in the real world
What is your opinion this time?
Yes, because when you are using a bitcoin you spending your time like when you are working you become bc they have possibility that the unemployment is to become bc to using bitcoin. Using bitcoin is just like you are working because in using bitcoin you earn a money just like in working in the company. In using bitcoin it is profitable it is reducing the unemployment by earning money and extra income thats why through bitcoin reduce the unemploment. I will agree to what you have said. We are well familiar with this that rate of unemployment can be reduced by providing new opportunities to people to earn something good. Bitcoin without any doubt is playing a vital role in eliminating unemployment from the society. It will for sure solve many of the issues. but it does not really remove significant unemployment. because I see most of users already have jobs in their real life, they use bitcoin only for extra income or just their side job. because I see poor people who really do not have a job they do not have the tools to access and earn bitcoin? |
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Yes.bitcoin better then gold because bitcoin price increase early but gold price not increase.i think bitcoin is best
Please check the Bitcoin exchange rates from 2014 to 2016. The rates went down from $1,200+ per coin to around $200 per coin. So you can't say that the Bitcoin exchange rates will increase for ever. And also, you need to remember that gold never had a massive fall in its history, like the 85% decline which Bitcoin had from 2014 to 2016. I think that's the risk of bitcoin, fluctuation can be a scourge and can also be a benefit for users. when fluctuations really go crazy like down to more than 50% you should be able to try to be patient because that's the key to investing in bitcoin, it's very risky but profitable if you want to be patient, but if you're not ready with it you can choose to invest in gold |
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My main purpose for bitcoin is to better I and my family's future really. I made the silly mistake of selling my first ever 2 btc when the rate was not very high but i learnt the hard way i guess. Now i save my bitcoins for the future, if the rate keeps increasing and more and more people adopt bitcoin, maybe it will have a very positive impact on my finances.
sorry about your mistake dude. Everyone has their own mistake. I used to sell 10 bitcoin when the price was $500 because I think that it was high enough to sell and bitcoin could not increase anymore. And I was wrong. Bitcoin always increases its price no matter how the world changed and how the economic system is. Therefore, keep holding your bitcoin. Who know, maybe one day you will become the millionaire thanks to bitcoin I would like to hear how you feel now when you remember selling 10 bitcoins for five hundred dollars only in the past. If you had those bitcoins now, definitely you would have been a rich person. I think it the total worth would be somewhere around 45k dollars. I really am unable to understand the need for selling that much amount at one time. I think the current price is really beyond their expectations, including me. I've sold a lot of my bitcoin more than 5 btc even below $500 because I do not think that bitcoin prices will skyrocket like today. My presumption of bitcoin prices may stop at in price $1000 and spin around $500- $1000. but all really unexpected, from now on I have a plan to save bitcoin for the future |
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Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
definetly yes, bitcoin can improve the economy its because bitcoin is amazing, it can act as a payment system and at the same time it can do other cool things like you can earn thru them by selling or exchanging them and you can also mine them using a hardware or a software. so many lives now has been change because of bitcoin and bitcoin can give hope to our future. thats true there are many advantages you can get from bitcoin like currency, investment, etc. but the main point, why bitcoin can change and improve the country's economy for the better is because bitcoin provides income and profit for its users. but to date I have not seen the bitcoin significantly alter a country's economy |
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It isn't SO popular atm I supose. Older people have no clue what bitcoin is. I do think it would stay as "popular" as you think it is now though. I really can't give any reasons for this but it's just a feeling :-)
Even if its not popular to them, do you think that Bitcoin would be in any use for the elderly? Or will it make there life better or easier? I guess not because Bitcoin is designed for this generation in which are people who are technologically inclined that they can adapt easily compared to the elderly in which they would take much time to learm and understand Bitcoin. Additionally I think that they are better of using fiat currency in which is the most simple way to pay. Exact is the point. Bitcoin would be more of a use to young generation then the old one. Let them have some peace in their last days and enjoy their lives. Why dragging adults in technology when it would be so troublesome to clarify everything. Honestly, I can't. in fact pld people (my father) will be a little difficult to know and understand about bitcoin, then I do not force them to learn bitcoin again lol. back on the topic that you are saying that bitcoin will lose popularity when bitcoin prices become stable. I think its right? because many people say that most bitcoin users only aim to benefit from fluctuations only, and me become example |
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