No one controls Bitcoin. Some miners control its price. No government or organization can control Bitcoin fully. Some countries like China can partially control bitcoin , because most of the miners are from China.
The miners can't control the price or even "some" as you've mentioned, the price depends on the demands from the market and could only affect by the market, though the miners are also part of the market if they're doing some activities such as buying or selling bitcoin. I know china is where the most of the mining powers come from but they still can't really give a big impact to the whole system. yes the minor do not have control over bitcoin. in fact the demand and supply is controlling bitcoin. if the demand of bitcoin is increasing so the supply will decrease which increase the price of bitcoin. and when the demand is decreasing so the supply will increase and the price of bitcoin will also decrease. |
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Bitcoin help me with my financial problem, im saving my earnings in my wallet little by little and i dont notice that its growing as time passes by. im not full time here but if you are saving it will help you in your needs like if i dont have money to pay my internet bill i have savings to turn on to.
yes bitcoin also help me in controlling my financial problems. although i am doing a day job but from there i am earning just from hand to mouth. now i can fulfill some of my own and my family needs and wishes. i mostly earn money from alt coin trading and now i have become a good alt coin trader. |
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Even after 20 years,Bitcoin would still exist in the market.With the advent of the Lightning all altcoins will cost nothing and bitcoin soar but only a few people will possess a whole bitcoin. Altcoins on bitcoin base (saidchains) will be in turnover
We really don't know if bitcoin will still exist or the original bitcoin that we are enjoying its good price right now. Because bitcoin can be sort of upgraded after 20 years or it can still remain. But I believe that after 20 years, people will be more aware with crypto currency and mostly with bitcoin. It will become more popular. but we can hope that bitcoin will still exist. and hope that at that time bitcoin will be more popular and trusted currency. people will even be using it as fiat in local shops and will also be used by the people for online purposes. even at that time bitcoin will be the number one currency of the world. |
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We have many examples of people who bought bitcoin when it has price like 2$ and they are millionares now, but bitcoin costed like that more than 5 years ago. So I think for the perspective about bitcoin we have to base exactly on this time, five years. I already began to put on side some percent of my monthly bitcoins for the future.
Those were the lucky people who bought at that low price but those days will never come back again and if bitcoin falls that low then it would be definitely end of bitcoins, but even if you buy now and manage to hold for next 5 years then still you can make good profits as price will be surely higher after 5 years. The early adopters were the lucky ones who got rewarded for it. That is why I like to think of bitcoin more of a pyramid structure which rewards early adopters well and new entrants have to profit from the short time fluctuations,that is why holding for a long time is nolonger profitable. Yes ,but it is always profitable as of now .As we saw the price and its good uptrend plus a good innovation of governments and legitimization of bitcoins it will be more high price .In short expect the unexpected if bitcoin price will go $10,000 it is almost a big break for us ,So now is the right time as you can afford to buy or save bitcoins it will have a good profit in the future . yes long term investment is always profitable. there is no doubt about this. and specially in present time when the price of bitcoin is already trading above 1050 and when there is such a big violation in the price of bitcoin. in long term investment there is a very little chance of losing money . |
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With bitcoin nothing is assured or predictable. So every user has a small fear of losing money due to the price varying often. Personally I never thought of the varying price and fear for it. I fear of losing money while gambling, because I have felt myself unlucky due to the losses taking place often.
in fact in every king of trading and investment we have the same situation. but i think we can overcome the fear after getting good experience in trading. knowledge and skill is also important factor of overcoming fear in bitcoin. |
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OP just hold on to your bitcoins and ensure that you have the private keys to access you address, over time, people will lost their keys which means that their bitcoins will be lost forever, this will make your bitcoin more valuable, after a few years your 0.5BTC will still be 0.5BTC but it will increase in value
yes currently it will be a good decision if you hold your bitcoin for some good time because the price of bitcoin is contentiously increasing and it is expected that the price of bitcoin will increase more therefore holding bitcoin is a good idea. |
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you can invest your money to tradings. More and more tradings will be on to you. But you should know where you can earn a lot of money. This could be one of the best way to earn basically
I am quite agree with you that if you have experience and enough bitcoin then you should try trading I think it is the best way to increase your money in no time. Investing is always risk involved and getting learned about will not help all the times. But trading will help us only once we learn it. i think experience is more important than money in trading. and specially when you in learning stage. i think first you need to invest a very little amount of bitcoin and when you get some good experience in trading then you can increase the limit of your trading. |
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Well sometimes i missed the right time because of sleep or work etc. Instead of holding for a long time, i prefer trading in short term period. I keep buying and selling to earn some profit. Like yesterday or 2 days ago when there's a dump i bought btc for short term profit.
I can relate myself to you. Just like what happened when bitcoin went back to $900 line. I thought that I was good enough and I expect that the price will keep on falling because I plan to buy. But when I fell asleep, upon waking up I saw that the price is increasing again. I missed the chance of buying and I don't know if I will pursue it. i think if you are doing trading then you must be very much careful and must keep one eye on your trading contentiously it is big blunder if you are missing the right time to buy or sell because you are busy in some where else. i think you must be very much careful in trading. |
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What is your exit point? Where will you sell your coins? How much % of your stack will you sell?
I don't think that this is the better time to sell our bitcoin im waitingn for the right time that bitcoin will increase again into the or up to 1200+ im earning for now ans holding them all to sell next year maybe . Above $1000 is a good measure to sell our bitcoin with the assumption it will get a little dump soon. But if you're not a trader and just hold your money in your wallet. Just holding is not better for those people are looking into more money. but this time i think we need to stay a little more. because this time it is expected that the price of bitcoin will reach to another historical price so we can hold bitcoin for a little more and can get some good profit from it. |
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we can not make fix income with btc trading and altcoin trading and i think its because bitcoin price and altcoin price is changing from time to time and what we can do is only make a profit or loss in value and waiting for next increase moment in next day. but i am sure and i believe that we can make living from trading as long as we can stay focus with the trading and we need to increase our skills too so we can make big profit.
I think it is for other reasons than price of Bitcoin changing all the time that fixed income might not be a possibility. For a trader, trading is not about buying at whatever price and hope it would appreciate soon, because it may take a very long while to or may never at all. For knowledgeable and skillful traders, I think the fact that Bitcoin price is never stagnant is some money, waiting to be cornered with the right tools. yes that is right to say, in fact even from a signature campaign the profit is not fixed. because we mostly convert bitcoin in to our local currency and when we get bitcoin from signature campaign the it depend on the price of bitcoin some time the price goes up so our income is more and some time the profit is less when the price fell down. |
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Buying Bitcoin in general is risky because we don't know what the future holds for Bitcoin. Also, if you buy now with the plan of selling for a profit, you don't know if the price will drop to $500 tomorrow because of the volatility.
yes no doubt about this that trading bitcoin is risky but in fact not only bitcoin trading but all types of trading are risky. adn we can only get profit if we will take the risk. without taking risk there is not profit in trading. |
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I wonder if someone still should get into trading Bitcoin at this point? There was a time with incredible aggresive swings so that daytrading was interesting, but now the movements appear but much slower. Is it still worth it to trade?
It is always worth to trade bitcoin. Ignore the votality and wait the target rate you planned to be hit by bitcoin, this would help you to make an effective trading. If you would just used to trade without making any target to be hitten by bitcoin, your trading would not be worth since your target profit aren't reached. yes planing is too much important in trading. if you are a good you will do planing for it and will make a strategy. i think it is still good time to invest your money in bitcoin, because people are expecting that the price of bitcoin will cross 1200 USD in next few days. and then will continue increasing. therefore it is still good time to invest in bitcoin. |
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respected manager my rank has been upgraded to Sr member . so i also changed my Signature to Sr Member signature. Please change my position in spread sheet also. Thanks.
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Bitcoin is the currency of the future, gold is the currency of the past.
You really should invest in both, thats my opinion.
is it gold included in the currency? I think gold is only useful as an investment only. different from the bitcoin which has a variety of functions. such as currency and investment I think this would be a plus for bitcoin? but i think gold is only good for saving and not as a good investment for making money. actually in the price of bitcoin there is a very little chance we can observe while there are more and more chances that the price of bitcoin will increase therefore investment in bitcoin is good to making more money. |
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For now I still believe that bitcoin will continue to shine. presence of bitcoin has many changing the way transactions and investments, I divert some investment and savings into bitcoin because highly profitable.
yes i also have full believe on bitcoin. bitcoin will continue increase and will continue giving benefit to people and will remain for every. and that is the reason that i have invested a good amount of my assets in bitcoin, and hope that it will give me a good profit. |
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Wow, it is a huge amount of money. I would say just invest it in bitcoins. That will be a good investment, as bitcoin has a potential to double your money within the year.
yes there is no doubt about this that bitcoin price is increasing continuously and hope that very soon th price of bitcoin will be double therefore no need to invest your bitcoin but just to hold it for the price increase. and you will get a good profit after some time. |
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Bitcoin is very new currencie, and some people are already storing their savings into bitcoin instead let them at banks or invested at dollar. Dollars is a well know currencie and powerful, people does trust in dollar in the general, people over the world does buy and hold dollars since their currencie is weak, soo they store dollars and wait, while their currencie loose value dollars can keep strong for a long period.
I agree that the new currency bitcoin, and she probably great promise, but if you really look at things, you need to understand that the dollar today dictates the terms on the financial market. USA is a leader in the world and the other state of the national currency should not be. yes there is no doubt about this that the new emerging currency is bitcoin, but we also have to accept the fact that USD is still the most pormanant currency of the world. and still most of the strongest countries have full support to USD. |
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I am slowly starting to build my bitcoin portfolio again after I spent most of what I used to have. Right now, I am still in a very long journey towards one bitcoin and my target is at least two before the year ends,that is if everything goes according to plan.
yes i also do the same. i myself collecting bitcoins from different sources but on other side i also spend them for completing my different necessities. but still my income ratio is more that spending ration and therefore i am earning a good amount of bitcoin. |
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It will not happen any time soon, the EUR might fall tho
It can happen anytime on how Trump is going to make his leadership effective and love by the people. Actually all of the currencies has the possible to crash. And if you can remember, when the bitcoin is reaching its all time high, together the Chinese yuan that cause the Chinese holders and investors to sell their holdings and showed an impact to make the price of bitcoin fall. 1 Trump is facing a lot of challenges internal and external. i don't thing that he will continue for a long time. and 2 It is a fact that every currency has the possibilities to crash no doubt about that but we have to analyse the current situation, currently the USD is one of the most popular and strongest currency of the world. 3 At that time the users of bitcoin were few in number that is way it was easy to manipulate and influence the price of bitcoin, but now it is not such an easy job, because the users of bitcoin are now too more as compare to previous time when bitcoin was crashed. but this time we are not expecting such kind of issues. Perhaps I have never doubted the dollar. This is the currency to which the entire economy is even larger and stronger countries. The World Bank wants all to be stable. yes no doubt about this but if the interest of the people will decrease to use bitcoin then it will remain no worth. the popularity of the an item increase if the the people interest is there. so people are now interested in bitcoin and therefore bitcoin is now becoming more and more popular. |
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Nothing is found as a mystery or a miracle. Its the revolutionary change in the financial industry which happened due to the technology running behind bitcoin. Satoshi has nothing to reveal as a secret, because already everything with bitcoin is highly verified as it is completely an open source structure. Making it a store of money is the best decision.
yes there is nothing hidden about bitcoin, everything is clear and no need for any clarification from Satoshi. bitcoin is a perfect currency and is progressing in a very positive way. |
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