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
What?? I hope you're not posting this because you are lazy as hell. In general it is like that: "No work, no income!" Simple is that! If you don't want to take any risks, meaning no gambling and trading, then get a job and convert parts of your wages into Bitcoin. If you want to gain bitcoin steady income, there is no way like small and secure. All investment need big amount of capital to gain steady income, at least BTC5 to start. I recommend to invest on gambling site as bankroll, it's big and risky of course, but some people already make steady income from there. |
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If you have discipline in gambling then it would be really profitable in the long term. But if you don't have discipline you'll just lose in the long term and that would not be good because you are already addicted in gambling. Only those who have discipline in gambling gets a profit.
what disipline you mean? are we must set a goal/target before we gamble and stop immediately when we reached that? or we must stop when we're lossing some of our money (not being greedy)? I think that's can't make sure too we'll always getting profit (remember house edge) Maybe he mean that thing but actually in real situation there's still no gaurantee that we can still earn if we beholf that mindset since it was still a game of chances, actually house edge is the main killer for the gamblers and it will kill the luck of the people if they started to win on those, so as my experience if we are on the gambling scene even if we do some scientific mindset of gambling still the chances for us to win is still on 50/50. Yeah, what discipline? It can't make you get long term profits. be profitable or loss are depends on how you play, what kind of game you choose, and your luck. Statistically, more people loss than who gets profits, but I know friend here who earn long term profits by doing sports betting. |
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I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?
If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?
Bitcoin and dollar are international currency but dollar more famous at all, why people buy bitcoin? Because it consider as good investment due to bitcoin price that could extremely increase in short time and you get profits to convert it into dollar. Gambling using bitcoin are easier because it has fast transaction, anonymous, less capital and many advantages. In the end, not matter you use bitcoin or dollar, it back to your choice. |
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 Before you are thinking about selling, think twice. Bitcoin can pump insanely high since the marketcap is really small and it can potentially go to 100.000+ per coin long term, so 600 to 1000 is absolutely nothing. The next months will be fun. Well, it seems promising if we look at the past data, according to the currently price that keeps fluctuate within $690-740, all we have to do is to be patiently waiting. It's not impossible of course to reach $1K, but a bit increase influence people to sell their coins and it will make the price decrease again. |
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Does anyone have any idea how many people are using gold as a store of value vs btc? And how long do you think until we have the same user Base as holders of gold?
Gold compare with bitcoin are not equal I thought, it will never be the same. There are plenty of gold more than bitcoin in number and more people trust value of gold as a good option to holdings even the value of bitcoin could extremely increases in one night though, so there will always more people holding gold than holding bitcoin. |
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Hey Guys, what would be your opinion if there would been Bitcoin shops in big cities like London, Berlin or Paris (also smaller cities). So you could go inside the shop and buy or sell Bitcoin for a good price. I think it would be an good (and an advantage) idea because more people would use Bitcoin so the price would rise up and the people who are owning Bitcoins at the moment would have more money in Bitcoins.  Best regards, Patrick  I don't understand whether it is about shops where you can buy or sell Bitcoins, or shops where you can buy some goods. Oh, it's the first one. Then.... I am not sure whether we need such things. Well, it just doesn't seem to be a shop to me, you know. More like a place, where you can exchange currencies. There are some shops that currently accept bitcoin as payment in several cities where they can use bitcoin directly to buy goods, not only exchange currencies that you can do it at local exchangers. The main idea is to spread over bitcoin so it become more famous among people. |
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Anyone else seen Bitcoin ATM in random places?
closest one to me is in boston ma, 85 miles away. long way just to see one and buy some coin  might have to do a long weekend trip there sometime to see the sites and that btc atm would definitely be on the list. I think bitcoin getting grow rapidly every day and spread more widely, which so many ATM and payment that accepted bitcoin. But this btc ATM makes me wonder 'who behind this? is it just some businessman, banks, Government or whom did that? |
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This basically means that gold represents 3% of the total world's wealth and that bitcoin is only worth 0.0026% of it. In other words, by comparing bitcoin directly to gold: the total value of all bitcoins is 0.087% (or 1/1142) of the total value of all the gold that there is. Looking at it from this point of view bitcoin can easily get to 4 digits. You can't really make wedding rings out of bitcoin, so it has some limitations gold does not have... It makes no sense comparing the value of x to the value of y. You can't just exchange them. The value of apples on earth for example is a lot less than the value of bitcoin. And yet, it has nothing to do with it. You can't say "let's replace all apples by bitcoin", just as you can't replace all gold by bitcoin. I don't think Op comparing the value of x, y, z that could be replaced each other, it just representative of bitcoin value I thought and could be be better rise in the future. Bitcoin need at least 10-20 years to come into mainstream. Price should be +$20,000. But we'll see.
I see a serious limitation from the blockchain there... As long as "the ones in power" don't make it possible to do - say - 1000 times more transactions, why should the value go up 50-fold? You can't have mass adoption if the blockchain is already pushed to its limits. Talking about bitcoin become mainstream currency and accepted by Gov mostly in every country may take less than 20 years, nearly 10 years later regarding today adoption and the price just reach $700. |
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As already stated above with bitcoin we are our own bank, soo why would we need another entity or companie to hold our bitcoins? Makes no sense after freedom we think into get inside of those companies and control.
Yeah, the freedom of bitcoin in our hands and no need extra charges for bitcoin bank to take care our btc. If the regulation similar with conventional banks, that would be not so good for us due to reduction of bitcoin advantages like anonymous and low fees transaction. |
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Well, today the price already break to $700, so the prediction is true and it looks like will continue to rise.
Don't be so hurry sell out all your coin, I think the price could be increase in the next week.
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I'm using multiple wallet too, I think it safer than just one where you can put apart your bitcoin.
moreover, there are several options wallet available for that has it own advantages. I'm not a wallet expert, just using two of them like blockchain and xapo.
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Bitcoin is dead.
Long live Bitcoin.
Are you a traitor of bitcoin or not? Talking about dead Bitcoin is like talking abut that Internet can collapse. As internet is pushing out from market newspapers and television, Bitcoin will slowly replace physical money, and it is unavoidable!
I don't know as of now if bitcoin will replace the physical money but many are haters of something if they sees that it is having a good current situation. But the fact that bitcoin will be dead, this issue will be dead but bitcoin won't be. There are just like a lot of people who are very jealous from the success of others. Haha, bitcoin traitor  Strongly agree, bitcoin has strong foundation and investors put a lot of capital into bitcoin. The next international payment will familiar with cryptocurrencies and bitcoin is the best option. |
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Today Price bounces by $20 overnight and today is first day of this week so i think we are heading towards $700 which may get touched by end of this week, what are your speculation.
How much you guys have right now and will you short some when it reach $700 again or not?
$700 is a huge jump. We seem to be comprehensively out of the $30-$640 range now. I would bet on $675 being the next resistance level. Now the stage around $685-690, so we are close to break to $700 in the nearly future. I think for the next two days left for this month could become nice chance for the price to bounce up, we just can't wait it happen. |
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Answers are :
1) It is an international currency
2) I use it many places without exchanging ( bought vps, done recharge, bought gift cards)
3) im confused about this question
4) i liked this thread:)
This is the most organized answer on this thread. I would like just to add on the usage as international currency. It is already an international currency since it is not bounded by political boundaries. Maybe the question should be changed as Bitcoin as International Legal Tender or bitcoin as the only currency. I guess thats what the author would like to imply at his post. And the best thing with bitcoins is being decentralized and there is no much requirements to operate it, if you have an internet then you are good to go, the only choice you can make is either you will be an investors or a spenders online for buy and sell of products and services. The way bitcoin to be able accepted all over the world could be matter for us as it is already become international currency. Some countries already have rapid progress in support bitcoin including stores and bitcoin ATM. When these rapid progress spread out over the states would be better for bitcoin |
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There is no easy way to always win in gambling, it's impossible to do.
Every gambler know the risk to gambling and deal with it in every bet they play with.
The only way not to lose simply don't do it in the first place.
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I am thinking in investing my savings into Bitcoin and try to get some profit when the price of BTC goes up, but is it actually profitable?
But what do you get when the price goes down? people should learn more about how to taking a risk before make any investment they only lured on profit profit and profit never thinking about the worst scenario in the end they will regret everything yeah you should have a plan B to cover up your loss in case this worst scenario did happened. Investment always has two sides of coin whether profits or not but mostly investors know how to get it. Bitcoin price has been set $680s for few days, people in this forum speculate about how this year bitcoin would reach through $700 You can believe it or not, but still the price will always rise as usually it did a hundred times before. |
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Why you not believe in fiat ? I think everyone believe in fiat as believe in bitcoin. It's same imo, currency for paying or buying something. And bitcoins for online things.
yes that is a fact, i also do believe on bitcoin as well as on fiat currency, i am receiving my salary in fiat i pay my bell in fiat i pay my children fee in fiat i even pay utility bills in fiat and i do shopping in fiat because there is not a sing shop in my area who accept bitcoin for shopping so how can i not believe on bitcoin, Well, Fiat has the main role in our life due to daily transaction, no doubt we need it. Why some people hate it? I thought it about they don't have much, if you were rich regarding have a lot of money, you wouldn't hate it. Bitcoin is precious but not much as Fiat, since it hasn't using by all population over the world, besides bitcoin value rated in fiat. |
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I think so, bitcoin is one option to success but you need to seriously and creative ideas.
Many people here have good income every week and a lot opportunity to start and grow your own bitcoin business
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I agree.Patience is needed and a price around $700 is still a realistic aim for the end of that year.
But I wouldn't expect much more than that.
If we should reach the ~700, a bit more or less doesn't really matter, we then had a really good run in 2016!
Remember that 13 months ago we had been in the 200s!! Therefore I see this as a really strong comeback of Bitcoin in terms of price this year!!
And that is yet another good point. If things taken in proper perspective, 2016 has been a great year so far. Great growth and with price now around $600-650, people who had enough patience got quite a chunky gain. It is all about how realistic price expectations you may have. I know that many were expecting moon or beyond, just because of the halving. They put their 0.1 BTC hoping it will grow 10 or 20 fold, just like that. Well, that is not that easy, and I hope that was a good lesson for them how difficult it is to even double the price from where we are now. Seeing the progress of bitcoin price the recent year that fluctuating but last day reach $685 is so good for two months come back after it was go down to $450s. Overall bitcoin has potential to grow more than $700 in this year or next years, like you said, it's a good year and patience. |
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Looking at the current price of bitcoin i will choose bitcoin as this price bitcoin have right now can be considered as good entry point to hold for next price pump.
~ Gold price is preety stable for most of the time.
~ Dollar only good to spend on real life not for investment.
Strongly agree, I will choose bitcoin too. Good long term investment and savings just in case you need something to pay for. If you have dollars on your purse, there will always attempts to spend it so that's why bitcoin is the best option. |
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