is bitcoin more popular than US Dollar ?
Even a year after the post, bitcoin did not become more popular than the US dollar, because there are still many people who have not even heard of it. It is because that bitcoin is still on its early age and dollar is established a lot of years already. But I know there will be the time thay everyone will talk about bitcoin and it is the one that will be used by everybody. And there's no need for bitcoin to becone popular, it will just happen suddenly. This is so true I appreciate. The people still use the Bitcoin to earn dollars and the reason for people of accepting the bitcoin is that they want actually to store and increase the number of Dollars in the form of Bitcoin. people still treat Bitcoin as a commodity in several cases. Yes many are transforming or converting their dollars into investment in the form of bitcoin which is massively done. I treat personally my bitcoin as my digital assets and I'm taking care of it. I'm inspired of those people that are actually get into bitcoin while it was early and will keep on holding them for a long time. |
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Too bad for those that has weak heart, they join and ride along with the panic selling that has been started by those whales and short traders. It's proven for so many times that HODLING is the best thing to do in this type of situation. Just don't get have a weak feeling stand up and just wait, we will rise again.
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Nowadays even with bitcoin not being such popular as some people did expected to be, you can earn doing anything you do before with fiat, ptc, surf, cycler, matrix, trades, exchange to others currencies, the thing is you can earn bitcoin with anything at the moment, just need to find the best one for you.
I don't think that cyclers are good and legit. I will agree with PTC and trading, they are good way to earn bitcoins. There are a lot of way to earn with bitcoins and yes, you can earn with almost anything. If you are that creative and you have a skill that can be helpful and possible to be sold, you can also make it as a source. |
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In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?
$10k would give it a market cap of like $250 billion or so? This is peanuts for a currency. Fiat would still dominate. It's possible for bitcoin to reach this total market cap. But I really don't see the point of making the value of fiat as worthless just because of it. Bitcoin will not progress if there's no fiat so props to the paper money. Whether the price will be at $10k or even into higher unexpected price, fiat will remain the main currency of all countries. |
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You dont need to convince them in using bitcoin they just dont realize the opportunities wasted in not investing or using bitcoin but i guess the only was is explaining or giving them knowledge about bitcoin will that knowledge they will have interest in bitcoin a better way is watching advertisement of bitcoins.
I'm sick of convincing people into using bitcoin. They are very interested at the beginning but it is not easy when they found out on how to earn and invest bitcoin. They are becoming attracted when they started to see the price of bitcoin and they will the one to work out for themselves so I agree, we don't need to convince them. |
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Just to express my opinion that the recent drop in the price of Bitcoin is nothing to worry about. It was expected, it happened, and we shall soon be moving on to new heights. I see this as a healthy growth, a bumpy uphill road to the top. See the daily chart below (you'll need to click the link for now, because I'm a newbie):
[img]https://dwq4do82y8xi7.cloudfront.net/x/ZzPrZrFT/[/img ]
As you can see, a similar drop occurred in the first half of May. See the similarities. I guess (and hope) that the price of Bitcoin will very soon start rising again. As for me, I'm HoDLing all the way, with all my coins safely kept in cold storage, and I suggest you do the same.
Yeah I'm expecting that too happen but too bad for me that I haven't ride with selling at $2,700. I'm expecting that it will go further but my expectations fall and I won't let my feelings caught me up as it's hard to recover sometimes. But well, the basis is the chart of bitcoin, after the dump for sure there will be the pump again very soon. |
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If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?
So far there are no banks that will allow you to save bitcoins on their vaults. Why not just let it grow to your wallet because when the price is increasing, your bitcoins value will also increase upon selling. There are no certain rate on how much percentage you will get upon depositing or letting your bitcoins in your wallet. but to me i think saving bitcoin in banks is not a good option. i do not like to adopt the typical tradition of saving money in banks for bitcoin also. i think the online wallet for saving bitcoin is the best option. because it is not time consuming like banks and from where you do not need to visit a banks to sidthraw your bitcoin. but you can widthraw your money from anywere and in no time you do not need to visit a banks to make a transaction. Well you can't even save bitcoin at your bank as there's no bank that is accepting bitcoin for now. I'm saying that save your bitcoin with your cold storage or web wallet or anything that you are satisfied and you think that you are secure. Base on what's happening with the rally, I can say that saving bitcoin is still recommended. |
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Investing more produces but also more risky than saving. With a variety of considerations, invest better for me. At least our money grows little bit. Bitcoin or gold is my favorite.
If you are with gold, by just saving it you will have the value of it on a progressive appreciation. The same thing with bitcoin, so if you are wise enough you will choose to invest at both things and will also do the same thing. Saving and investing is a partnered profitable activity where you are the one that will be responsible with your money. |
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It is possible but it's hard to give an assurance and speculation that it will happen this year. Maybe it's possible to happen but not for this year. We need to see first the price of bitcoin reach at $5,000 before expecting that it is possible to get up to $10,000. It's possible to happen but not for this year, maybe after year or two we'll be on that spot.
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Hey guys, as you know all the major Alt coins and major coins like BTC,Ethereum,LTC etc.. have been dropping heavily.
Do you guys think its a correction ? or a Finally the Bubble is Bursting?
It's a very simple correction. Some says that it is a bubble, let's assume it's a bubble and it burst a while ago. And now it's starting to recover again with bitcoin's price. If you still have the fund to buy the alt coin you want or bitcoin. Just go with it and follow the trend, many experts are telling that go buy now. |
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Has never been imagined
But if it does happen it could be with the price of bitcoin 3-4 orders of the current price.
You should imagine it, there's nothing to lose if you will start to imagine that you can be rich with bitcoin. It's my goal now and I'm not losing my hope that there will be the day that I can be rich with it. So right now, I want to keep on holding and I won't stop collecting bitcoin as it will be a good thing for me in the future. |
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the best place to invest your bitcoin is buying altcoin in trading but don't just jump into it without trading experiences,otherwise you will loss your hard earn bitcoin within a short time
It is a better investment, alt coin trading is one of the best place to invest your bitcoins. And you need to wait a little bit longer for the alt coins that you will buy. Also if you don't want some hassle and effort, you can just simply your bitcoins and holding it for better. This is what everyone is doing today and it's proven. It can worth, but in my opinion people shouldn't let their money in Alt Coins for much time. After trading the Alt Coins, when you stop doing this, exchange the money to BTC again, because if you let your money in Alt Coins you can lose good opportunities of pumps, like now. Bitcoin is the best currency and it's not adviced to convert funds to Alts... They should be responsible for their investment if they are going to invest to alt coins. There are people that are trusting too much with alt coins as they believe it will generate good profit on them. For example, there is ETH , LTC and XMR are few examples of the best alt coins that many are investing and there's no regret on it when you sell at nice price. |
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the best place to invest your bitcoin is buying altcoin in trading but don't just jump into it without trading experiences,otherwise you will loss your hard earn bitcoin within a short time
It is a better investment, alt coin trading is one of the best place to invest your bitcoins. And you need to wait a little bit longer for the alt coins that you will buy. Also if you don't want some hassle and effort, you can just simply your bitcoins and holding it for better. This is what everyone is doing today and it's proven. |
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It was bound to happen someday after that huge spike but its not that bad because bitcoin is bound to rise again and even further nothing has stopped so far and i'd love to believe that nothing will
I believe with this all the time base on my observation with bitcoin's fluctuation. There will be some falling on it's price and it's very essential to balance the market of bitcoin. But yes, after this there will be an expected rise that can reach another higher price. Bitcoin is set to that type of price fluctuation so don't get upset. |
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Holding proved that can make a good money just by holding your bitcoin and waiting for the price to become up you can't tell when the price is going up or down but to be honest bitcoin price is rising no matter what happens if you want too buy bitcoin in hawaii that worth $1500 and sell it from exchange that has $2000 dollars or more price.
It is what most of us are doing and it's a real investment if you are going to hold. But make sure that you are willing to take the risk as the risk will always be there. Bitcoin holding is not for the weak ones, because when we are reaching new ATH and you didn't sold some when it was on that price, don't get discouraged. |
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Hey everyone, I was wondering what you guys think attributed to the price drop we saw today.
I have replied with others thread asking with the drop. I agree with them, it's just a matter of people are selling out and don't want to miss the action of getting some profit when the price was at the new ATH. And yes, it's only a correction and we are already seeing it a lot of times that when there is a price increase next to it is price decrease and the cycle goes on.
And with the correction that is happening, this is now making the price of bitcoin to reach higher than $2,700 soon. Expect that $3,000 is already at hand. We just need to wait a little bit longer maybe 3-5 days we are already there. Once the price of bitcoin started to reach back again at $2,700 it will be continuous to $3k.
It was just a correction and it's a normal thing when the price of bitcoin soaring high, people that are satisfied with the profit they can make starts to sell. |
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Most of the users have made prediction of reaching $2500, but most users have predicted a increased time period to reach the same. Here bitcoin has outlawed most predictions and have reached $2700 and still counting further to the next milestone of $3000.
And with the correction that is happening, this is now making the price of bitcoin to reach higher than $2,700 soon. Expect that $3,000 is already at hand. We just need to wait a little bit longer maybe 3-5 days we are already there. Once the price of bitcoin started to reach back again at $2,700 it will be continuous to $3k. |
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Saving bitcoin will make you rich. the price of BTC today is increasing rapidly, the price of btc today are still cheap, if you want to become rich in the future save BTC today ! and hopefully theres a bank to save bitcoin.
No doubt that those early holders that managed to hold their bitcoins up to now will be rich enough. And I want to follow their foot steps so what I'm doing today is that I keep on holding my bitcoins. Because I know that one day I'll reap this patience of saving bitcoins. It will be good to all of us we'll just keep the faith of holding. Patience is the key of it. It is not easy to hold your bitcoin in a period of time because you are tempted to convert it in real cash you bought it a stuff that you liked. But if you are really patient enough of holding it then that is a real profit. Try to think last year the price is below $1k then if you bought a bitcoin on that time then you really earn a ton of profit now, it is double with the price Yes it's not easy to hold bitcoin because there will be situations and time that it is going to tempt you to sell it. But if you can endure to hold until with the satisfying maybe for 5 digits value per bitcoin. It will be worth the wait if you will sell at that rate but with the current price of bitcoin, it's already satisfying but it keeps on advancing and giving us some more expectations and pushing us to keep on saving. Though the price of bitcoin at times endure to sell, it can be held into the wallet without much difficulty. Because people who depend on the bitcoin cash out for living feels difficult, others who have their own day job could easily avoid such situation and make use in the future as the price increases year after year in the same manner. It's an advantage to those people that have day job instead of using their saved bitcoins, they can use their salary for their expenses or whatever purpose they want. While their saved bitcoins will be on safe place and will remain to be on hold as the price of bitcoin is on a rally it will be a good thing for them since they can't move their funds. |
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I agree with them, it's just a matter of people are selling out and don't want to miss the action of getting some profit when the price was at the new ATH. And yes, it's only a correction and we are already seeing it a lot of times that when there is a price increase next to it is price decrease and the cycle goes on.
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Yep yep, just like what everyone is confirming it is only a correction. And so for those holders that managed to sell when it's at the peak, you can now buy some as the price is now lower. And the normal movement and cycle of bitcoin's price after the big pump there will be minor dump. And after that minor dump, there will be another major pump.
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