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Thanks, myself I thinking about starting own business (selling clothes and own brand), still updating the plan with new ideas and thinking about risks, about pluses and minuses. Your post is useful for me, I even merited it, but I don't agree with "Don’t plan a business for today – Plan it for at least a year from now.", since world moving is really fast, I think it's hard and useless to try plan on a year, max 3 months.
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As I was writing on other topics, I was buying bitcoins for the price from 6000$ to 10000$ (max), during last few weeks, every week from my salary. Now, I will hold them until 15,000$, then I'm going to sell 1/3 of them at 15,000$ and next part oat 20,000$ step. Right, now I'm doing research about ICOs and altcoins, in what I'm going to invest after selling 1/3 of my bitcoins.
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I agreed with you, but most of the people, who do panic selling are just newbies, who just can't analyze a situation and just trying to out to not lose more while this panic is going. As I know, all this panic selling is just an react to bad news. So, to protect myself, I'm never selling my coins below the price for what I bought them.
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I think, that between working hard and working smart, I will choose working smart and by this, I mean find easier and faster way, what will be more productive for the resolving same task. Like for example, there a task on what worker will spend around ~3 hours, I will try to find an alternative way to do the same task, but for 1 - 1.5 hour.
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I think it all depends on your monthly income and how many of though money you spending per week. If we talking about investment in bitcoin, then I think normal amount to start is 1000$. For altcoins around 100$ - 250$, in this way, you won't lose much and at the same time, if their price will up, you will make a good profit.
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Right now, I'm using dogecoins and LTC. Yes, I know that Dogecoin, was created as a joke. But because of the low price per coin (1 DOGE → 0.00000064 BTC) and fees around 3 - 5 dogecoins per transaction (around 192 sat - 320 sat). That's most cheaper way to transfer your funds via different exchangers using them.
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The easiest way to make bitcoin is to invest on it. Just make sure that you are buying bitcoin from a legit cryptoexchange. You can also try trading and mining and both need you to have capital to earn bitcoin.
I don't get, how you will make bitcoin by investing in it. You will make a profit in USD (or another currency) if bitcoin will up in price, but your amount of bitcoins won't change, also trading is not "easiest way" because with trading you probably will lose your bitcoins, because the price of bitcoin and most of alts are unstable and it's hard to predict. |
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I think, that answer is more than obvious, because if the person who was holding bitcoins didn't share private keys with his family or friends, then after his death, bitcoins will just loss and no one will able to spend them. One time I thought about idea "bitcoin as an inheritance", I mean a place, where people can hold their bitcoins, and after death, his family will get info via SMS or mail about how to get access to it.
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the bank just to save your money and for security you have to pay a fee to the bank, so how can it be rich if saving money in the bank. invest better if you want to be rich because your money will increase, will not decrease as it keeps your money in investment. unlike in the bank that charges you.
I can't agree with that, because it's not always secure to hold money in the bank, if talk about large amounts, because of many situations in past when banks had troubles and people who were holding there large amounts of money, lost them. Also about deposits, in my country interest per year around ~15%, but because of the unstable price of the national currency, after year, your profit will be eaten by inflation. |
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Yes, everyone is free to use bitcoin and other cryptocurrencies, no matter poor or rich you are. But another question, is everyone can afford to use bitcoin with such price? Because of the high price, fees are also high. And I don't agree with "you are free to use bitcoin for any purpose", because bitcoin was created to replace fiat money, but not as an effective way for laundering or another kind of crime.
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I think it will happen after big companies will understand pluses of cryptocurrencies and will start integrating them into their business. Because before spending your cryptos, first, you need someone, who will accept it. In my country situation with crypto is not moving, yes, you can easily cash out your cryptos via exchangers, but you can't spend your cryptos directly.
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I think, banks will just find the way how to integrate cryptocurrencies and will ask help from the government to find the way how to regulate it. That's why, I don't think, that banks will just disappear, even if cryptocurrencies will be used almost by everyone in near future. And I don't even think, that cryptocurrencies will be used almost by everyone in near future, since more and more people using them as a kind of virtual assets, than a kind of payment method.
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Yes, I think of course it is, from this you can earn a lot of money, if you are a good investor with brain, so just try to invest some money.
I can't agree with you, because bitcoin price is something unstable, what no one can't predict. And only around 5% of all crypto-traders, making the stable profit with bitcoin. And I think, that from all ways for investing, bitcoin is most risky. So, newbies without knowledge, will probably lose their money from investing in bitcoin. |
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Yes, now is a good time to buy some bitcoins, because as you can see, the price on the market looks nice and probably will be higher.
Yes, I agreed with your option, bitcoin price is now ~8,750$ and continue increasing. So, even now, is a good time to invest your money in bitcoin, because as many of users here sure, that it's another "bitcoin-train" to 20,000$. So your investment in bitcoin now will make you ~100% in next few months, if such tendency will continue. |
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I think this "surprise" was only for new people in crypto-trading and holding because they all expected to see stable price increasing. And most of the newbies started panic selling, but the small part of newbies who continued holding even after seeing this price dumping, now see that they were right, since bitcoin now ~8750$ and continue increasing.
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I think it's possible, but you need 1) free time (around 3 - 8 hours) and 2) small knowledge. Even here, you can earn with signature campaigns or by joining in bounties (needed twitter and facebook accounts). If you have skills in design or programming, you can try to offer your services for bitcoins. About faucets, I think trying to earn money from faucets in 2018 is useless.
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I think, there no chance for you trade bitcoins without electricity, but as many of users told, only one way for you - it's use paper wallets, but another problem, that such trades will be based on "trust", because "another side" won't be able to check balance of your paper wallet. But I think in this situation will be useful Physical Bitcoins.
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So much so that 15% of banks world wide expect to widely implement blockchain, which is a ledger of transactions updated in real time by various institutions, by next year, according to the report which surveyed 200 global banks.
These banks, mostly medium to large-sized institutions, are focusing their blockchain technology on three areas: consumer lending, retail payments, and reference data, which refers to the real-time information sharing of transactions across business divisions and institutions.
In four years, IBM says that 66% percent of banks expect to have blockchain in commercial production and at scale.
Bitcoin is really good for long term investment and the profit that you will earn can be used for your personal purposes or you may start your own business to earn more income monthly or daily. I don't agree with your point of view, because I don't think, that bitcoin is good for long-term investment, right now bitcoin's price around ~8,500$, even if bitcoin will up to 20,000$ it will make you just x2.35. But not everyone sure, that it will happen again, since is not popular like it was in end 2017 or January -February 2018. Right now, bitcoin is good for short-term investment. But myself, I chose alts, since there still possible to make x10 from long-term investments. |
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As I was saying in other topics, that's all started in 2017, when bitcoin cost 600 - 900$, some of the rich people invested in bitcoin and decided to make a good profit from it. So, after they bought bitcoins for 600 -900$, they started to invest in advisement, so more new people started buying/investing in bitcoin, as an effect on all ads campaigns, and because of that in less than 3 months bitcoin price up in 15- 20 times. But it was only about situation, what happened in 2017 - 2018.
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I have no knowledge about any other currency that hit 20 k USD so i think that bitcoin is if not the strongest one, for sure one of the strongest currency in the present world.
No other currency has gained this much in popularity throughout the world and their concerned economic growth is kept increasing. So Bitcoin is one of the strongest cryptocurrency in the world where some people and some countries are showing lot trust towards the Bitcoin. I think the topic wasn't about "strongest cryptocurrency in the world". Yes, of course, if talk about "strongest cryptocurrency in the world", then the leader is Bitcoin. But if talk about strongest currency, then I think here two leaders USD and EUR, because even if bitcoin raised a lot from past, he is still unstable, plus not so popular because many of people know about bitcoin, but how many of them using bitcoin? |
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