Well if i had a good ammount i would go into sport bets as there is a 50% odds to win or loose,im getting very interested of games based into bitcoin,i believe they will replace the faucets that are not being a funny to play as at the begining.
I would prefer to that too and I usually do it but only when I am sure that I would surely win some amount out of it, even if I win a small amount out of it I would be much more satisfied rather then loosing and I believe that gambling is the only way where you can multiply your bitcoins in a single day, no doubt its too risky but the theory says.. more risks...more returns...and I believe in it too. |
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How can it be real money when I use real money to buy it?
Until that day that fiat doesn't exist anymore then I will call whatever that we are trading for goods and services real money, whether it be bitcoin or whatever else it is we will be using at the time.
Okay.... But some use it now for buying stuffs online. And you can see some stores where they post in their doors "bitcoin accepted here" So it is real if it used to buy stuffs right? Maybe you just havent tried it yet and always done it exchanging for fiat before using it. Now it has a lot of people use bitcoin for online shopping. Now bitcoin might think me as a medium of exchange has replaced the money, maybe not replace but equaled the usefulness of money. Exactly, and people who are using bitcoins I am very much sure that would surely continue to use bitcoins either for shopping or transfer or converting it to fiat, as bitcoin transactions are very much transparent and with the least fees and that is the reason people are more attracted towards bitcoins and that is the good sign as bitcoin seeks a support from its users. |
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Nowadays, dollar price is high and it is gonna be appreciated for a while. If dollar stops appreciating then btc will be skyrocket
Not only that. Bitcoin will be a good thing regardless of the appeciation of dollar. IMO it is already much better than dollar but unfortunately not everyone in the wold shares this opinion. But we'll see what happens in the future. What you are saying is true but you are neglecting the fact that dollar is a universal currency which is widely used and accepted, so people would get carried away with dollars and won't bother about bitcoins as they don't know what bitcoin is all about, so if you are considering the future then dollar is the currency which will survive as we are not sure where bitcoins would be in next 15 years. |
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I think it's because they either heard something negative about bitcoin
or they find it hard to understand how bitcoin works and they would rather stick with whatever they are used to.
Yeah negative news but also fear. Since it's new and they don't understand it. It's logical too. If you are an outside and think of machines making money you will laugh about it That's true but sometime I feel that we are also responsible for stopping people from using or earning bitcoins as we don't want that everyone around us should start earning bitcoins and should know about bitcoins, we don't introduce them to bitcoins in a proper way, may be our selfish nature or whatever it may be, on one hand we say that more and more people should get into bitcoins and on other hand we don't want that should be aware what we are earning. |
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I only have about 0.3BTC to have 1 BTC probably about one month away
Same here even I haven't reached to full 1 btc at any time, I have earned more then 1 btc but never had in total in my wallet as I keep on spending whatever I earn irrespective of the value, so for me earning and spending is the process, I don't care what the price is or even I don't wait for the price hike, If I am in need of money I would surely actively spend my bitcoins, and that is why I am earning bitcoins. |
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Everyone what is talking about 2016 the year of Bitcoin we will see about that.
I think more companies will adopt and more people will use bitcoin too. Of course everyone is waiting for the price to increase I think it will happen after the halving for now I don't really see bitcoin going up is kinda stable.
I think we will see all time high records on everything this year, from volume of transaction, to price, to VC money being invested in the Bitcoin related ecosystem. Yeah and also the adoption level, the adoption level is going higher and higher day by day and that is a good sign for the bitcoin community, and we all very much sure that the value of bitcoin would reach to a new level in the year 2016 as more and more people are getting into bitcoins, and it is estimated that the value of bitcoins would reach to a $1000 mark in the coming year. |
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As Franky has pointed out, being one does not exclude being the other.
So both is the only right answer in my opinion.
Exactly, both is the right answer but I would also like to add one point and that is it is also an investment for the future, you are saving your money by buying bitcoins but at the same time it can prove to be an best future investment, and ofcourse it is a currency as it is taking care of basic stuffs like online purchases, online transfers, converting bitcoins to local currency, so for me it is three in one. |
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I like to gamble, So i would go All-in with bitcoin.
Yes not, 10%, 25% or even 50%.
Best case scenario, a lot of profit.
Worst case scenario, 20-40% loss.
One thing i would do besides invest 10% at bitcoin would be with maybe 3 or even 5% of it open a company to make games online based into bitcoin,like travian and others of that type,in the medium time it would became profitable,and would bringing interest into bitcoin. I would not gamble, I would rather prefer to hold my dollars with me until the price of bitcoins fall down, as I don't know when I would win million dollars, but if I win and at the same time the bitcoin value is also in millions then there is no point in buying bitcoins, so for me it totally depends on the value of bitcoins or else I would switch to some other investments where I would get maximum and fixed profits. |
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For me bitcoin is best because its easy to use, transaction is instant and anonymous but for sending money or for security i will choose paypal than bitcoins...
Yeah I would go with bitcoin too, as it is easy fast and very convenient as I can use bitcoins 24/7 when it comes to online transfers, no bank holidays no public holidays, so at the time of emergencies I feel that bitcoin is the best option as the credits are instant and doesn't take 24 to 48 hours for credit as paypal and WU does, So for me when it comes to online transfers, bitcoin is the best solution. |
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I've recently had to use Western Union for money sent to me from a close by country. It was $200 and the fee was around $4 or $5. I got the money in the local office, just a block away. Yes Bitcoin may be faster but if you compare the exact same service, Bitcoin would be more expensive. Bitcoin is far from being "cash in a window" like I said in many posts. That's what people need, they can't use BTC.
Bitcoin can act as a bridge in the transaction but the Western Union has to remain the same to work, you send fiat they receive fiat, that's it and that's why it will always be better unless Bitcoin can manage to provide the same but cheaper and faster. It can't.
As i said ,atleas i think i had dont remember ,bitcoin will need to be at any market to be better then any other service,being just online isnt enought to make people change their minds. Yeah but if people are aware about the fact that bitcoin is too cheaper as compared to WU then they would surely start knowing and using bitcoins for online transfers, but for that we need to make them aware and let them about the total technicality of bitcoins, and I bet once they start using bitcoins they would never enter the door steps of WU for sure. |
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I believe the price of Bitcoin will continue to rise, from what I can see. If not, then it at least stay at around the $400-500 range.
Yeah and it very much stable at a moment not too fluctuating and that is a good sign, but it would surely go higher in the next few months and even if goes above $700 then it would a win win situation for many of us who bought bitcoins at lower prices and would surely enjoy some profits, it will rise in future for sure. |
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I think of Bitcoin as a real currency, if i buy anything with bitcoin which for me is virtually never but still if i had to buy something with bitcoin i would still consider it as a really currency, and there is always that temptation not to spend it.
Yes bitcoin is a real currency if it is taking care of your needs I mean buying things, shopping, online transfers and if it is take care of your expenses then its a real currency and ofcourse the people who are using bitcoins, it is really worth to them as they want to grow and grow their bitcoins to have a good and better future ahead. No one wants to waste they are time if they are not getting out of it. |
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Other ways to spend less, when you make a shopping list and stick to it. Buy sale items, generic products and bulk items whenever possible. Be careful when you shop at big stores that have all kinds of stuff if you go in for groceries, you may be tempted to buy other items you don't really need.
Sale items and holiday sales are great ways to save up a lot of money. Last blackfriday i saved up 300 dollar just on christmas presents. Sale is quite annoying too. When there is sale you also buy stuff you don't need. For me it's saving by not spending. This way I know my buy behaviour will not win. So shopping and buying only items i need. That's correct, the term 'Sale' is only on paper, if you compare the price you would find that you have been cheated as you pay higher in sale and that also for the unwanted things and that is ridiculous. So I don't think that sale can really make any difference in saving, it is better to spend money only on the things that you really want. |
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I'm not really waiting on bticoin to drop to $100 because it just seems like it's not going to happen anymore.
I don't think bitcoin will ever drop back down below $400 - $350
Yeah and if people are dreaming that it will fall down to that level then its simply impossible and if does then there would be a question mark on the future of bitcoins, so if you want to buy bitcoins then even this is the right time to buy as we assume that it will surely cross $500 mark very soon so its better to buy and have some patience. |
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To me bitcoin is going to a high level, not only pricewise but in terms of innovation.
The future outlook for bitcoin is very positive. I would make sure to buy some cheap while you can.
Yeah it is always better to have 1 BTC safe in your cold storage without touching or using it for atleast 5 years, rest you can use buy sell whatever comes to your mind, But for me I will always keep atleast 1 BTC safe in digital wallet and won't use it even at the time of emergencies, and if you have more then 1 BTC then its cherry on the cake. |
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Investing in physical gold would in theory be safer than any other form for asset. Gold won't crash - EVER but Bitcoins could crash in the future. If the price on gold falls, you could allways sell it, and make some money back.
Gold is gold, it's been here a long time so people put trust in it. Bitcoin is new and people are afraid of new things. The more reason they have to be is because of the volatility. For me though bitcoin is safer and better. In long term, bitcoin is safer and better. But in short term, the price changes a lot. We have to be patient. Bitcoin is better, but maybe it is good you choose parts of your money for investing in Gold, specially considering current situation The future of gold is far better then bitcoin as I guess, gold is in existence since a long time and it has more customer base and market cap as compared to bitcoins, and people have more faith in gold as they don't have exact idea of bitcoin, so the older generation would never invest their money in gold, but if you want to make good and quick profits then bitcoin is better. |
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I bought a few through localbitcoins. I never sold any. I just use it when the price is high. I hold most bitcoin.
Yes that is the right thing to do, I have never bought bitcoins but generally I earn a part of it from the signature campaigns and hold it for the price hike, and sell it a part of it and convert it to my local currency, but the best strategy is to buy when the price is low and sell when the price is higher to make quick profits. |
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Don't let the bitcoin stagnant in your wallet, let it have some transactions. If bitcoins are stagnant the prices will go down someday.
If we just hold bitcoin in our wallet and do not use it, the bitcoin will be useless, so the price will go down eventually. Supply and demand: the market requires change and transactions to grow. By not using the bitcoins, you restrict the amount of trading that goes about. If everyone were to stop, then the price would drop down straight to 0. No demand. There is no problem with holding bitcoin in a wallet for ages. And this will not affect the market badly as you think. Because there is always buyers and seller. If more people hold their coins the price will rise because the supply will decline. But it will not go to 0 as you said because there is always traders Yeah, and if you are a astrologer and can determine the future of bitcoins then you can surely hold it without spending a penny out of it, but that's useless, don't think too much about the future as we don't know where bitcoin will land up, so it is better to keep on selling a part of it when the price is high and re buy when price falls down.This is the best way to deal with bitcoins. |
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The future project can be that paypal will allow to trade bitcoins, big shows(like amazon) will integrate bitcoin as the payment method etc.
It's impossible that paypal will officially allow bitcoin. Paypal don't like to deal with his rivals. If paypal would lift the limits that they put then bitcoin would be less popular, paypal now can't stop bitcoin (even though it is trying by not allowing trading bitcoin for paypal) Paypal nothing in front of bitcoins. Just the were little more popular than bitcoin. Their fees and charges are heavy than bitcoin. Paypal can compare with western union only because charges may not vary according to its charge. But bitcoin .1 percent fees only. You can transfer in a minute to any country In the world. That’s the power of bitcoin. Correct, Paypal and WU were popular before the existence of bitcoins, but now with the existence of bitcoins there is a great decline in the market cap of paypal and WU as people are getting aware that they are being cheated in terms of transactions fees and delay in credits, where is bitcoin credits are instant. |
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I think there are only a little number of bitcoiners that are not worried about the price of bitcoin, but the vast majority of this community is very interested in it because everyone needs to buy and sell things all the time, and these things always have a monetary value.
Exactly, People who are not totally involved in bitcoins are very keen to know the price of bitcoin on daily basis as they want to make profits out of it, even the traders have a close watch on the value of bitcoins and as a ordinary users like us we are all very much interested to know the value so that we can sell a part of bitcoins at right time and earn some profits. |
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