What if all the rich people come together and buy most of the BITCOINS can this lead to the control of power again in the hands of few.
If they try that then the price of bitcoin is going to skyrocket and each bitcoin they buy is going to become more and more expensive, if it is up to me I will not care if they tried since that will mean the price of bitcoin will go up exponentially and then we could all become millionaires and as long as you invest that money wisely your future is going to be secured, but I doubt they are going to try buy bitcoin in that way since they are going to lose money if they tried that strategy. |
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Will it still be called Bitcoin Cash if it does take over Bitcoin. The saving on fees are to much to be ignored. And if the Asians are getting interested.....
That is not likely but in the case bitcoin cash replaced bitcoin then bitcoin cash will simply become bitcoin since it will be the new standard for cryptocurrencies, but I do not think that is going to happen, no one is using bitcoin cash except to speculate, every website is still accepting bitcoin and not bitcoin cash, so for most people bitcoin cash has not a real use except to trade with it and to try to make money. |
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The best way is to hold it because there is no practical way to send it from one wallet to another. However, if you are willing to work then you can earn good amount from the internet. Just go through freelancing sites out there where you can use your skills and knowledge to earn money without spending any amount. There are not many sites where payment is made using Bitcoins but you can always buy Bitcoins using your fiat earnings. Trading and other options are not practical to implement with the current balance in your wallet.
People are earning it does not matter they are earning more or less but at least you are doing something for yourself so you need to have a proper plan for it. Using a right process will increase your income more than 0.000149 so that. Using a small amount like this you cannot trade because it will be very low for the transaction as well so try to invest in bitcoin to earn more than this with smart planning. I will suggest him the same. The best he can do is to hold this amount. Though it is a small one but it can be increased. Clearly, I have no idea how he was able to get this amount but advise increasing the number. He can join a signature campaign and earn more bitcoins if he wants to. Theoretically, OP can invest that amount in bankroll of any casino (if there is no minimum limit for deposit) but since he will need more amount in order to move this fund from one wallet to the wallet of the casino's bankroll, his practical investment capacity is nill at the moment and thus the only option to either put more money to move it or to wait for speculative gains but again, as he is having less than a $1 so he will need huge timescale to see some actual gains from it so even if BTC is increasing 1,000% in next 2 years, then he will have around $4 in his wallet. This is why the size of our capital is critical, the 10000% of almost nothing is still almost nothing, while the 1% of a lot of money is a lot of money as well, that is why the most important thing that every person in the forum should be doing is to get more bitcoin, the more bitcoin we get the greater the chances bitcoin changes our life for the better and the sooner that will happen. |
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Just imagine. If ALL OF US would be rich, that means we would live our lives out from dividends, or any passive income of at least $1k a month. Then it would be jawesome, right ? Well, but then I do have a question.
WHO on this Earth would bake the bread for ALL OF US ?
Robots, you might say?
OK, nice idea.
But then, WHO on Earth would maintenance these robots ?
Another robots ?
I don't think so.
Even if so, even if there would be a Skynet of robots, who would not just bake the bread, but also harvest the grains, transport it, deliver to our doors. What then ?
We could eat for free, as much as you want?
Cool, but what about overweight then.
Doctor? But hey wait, NO ONE on this Earth work, so we have no doctors.
OK, we have Doctor Robots.
Who would teach our kids? Robots! Who would change the diapres? Robot!
Even if humans would master all this, we would need to have all the knowledge to teach our robots to work for us. To be slaves for us. (no minds, just pure robotic hands/arms and so on, Tesla's and autopilots)
But even then, there is one huge problem.
I do not want to touch any country, or race, or group of people, but imagine, if you put infinite amount of resources to any kind of animal (including humans), they would reproduce themselves to infinite. Because they simply can. Because parents do not need to parent their kids anymore, because we have robots! So we would need a limit of reproducing, no right to reproduce as much as you can handle (infinite resources), because we would simple have like 50-100billion people on this planet, and there would be no robots who could grow so much grains to bake bread. (perhaps hyper dense pills could be the away).
So, back to the original question, why do people believe, they all can be rich ?
It was, is, and will be, ALWAYS about that who is going to earn more, not enough, but more than the others.
Why?
If there is only one mansion on the Bahamas, which is large enough, sunny enough, sexy enough, there is no freaking way, ALL OF US could buy it. Just one. 1. One. And if only 10 buyers come with their million, to who would seller sell this mansion to? First ? But second also have million and ALL OF US want to be rich (own that one mansion). So second would have to offer 2 million, right?
Wrong.
No one would want to sell such mansion in the first place, as he is already rich. We all are.
every people here in the world want to be rich,because they don't like that they are still in the low class of living so that every people here wants to be rich because if you are rich you don't have a problem to you're financial. I can hardly find any person living on this earth who will not be dreaming of getting rich. This is a natural phenomenon that all of us actually wants to have more money for better living of our families. The fact is there are very few amongst us who actually manage to make their dreams come true. If you want to have a better life, then you have work really hard for that. Your personal motivation means a lot. Life is also about taking the opportunities right in front of us and as members of this forum that means that we have decided to try to make money with bitcoin, and I think it is the right choice the only thing we need to do is to put enough money in bitcoin and wait for long enough and the possibilities that we become rich with bitcoin are very high. |
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Ultimately, bitcoin is going higher over the long term. A pullback here and there is healthy for the long term growth of this market.
Correct, the problem is that most people are into trading so they want the price to always go up and that is not possible, since I’m a holder I do not mind that the price goes down once in a while since that gives me a chance to buy bitcoin for cheap, besides the price has grown so much that the price will need to crash for me to not be on profit. |
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It is still a doubt whether bictoin is better than stocks or real estate. But Bitcoin can make you profit much more and loss much more than stocks. Because in Bitcoin and altcoins you can easily make speculations.
It is going to depend on what you are looking, real estate is not going to give the profits that bitcoin gives but you can live in a house, you can rent it and it is going to appreciate in value with time thanks to inflation, so it is a good asset to have even in an economic crisis, we do not know how bitcoin is going to behave in a world crisis, we think it is going to do fine but we are not sure. |
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I'm afraid not for bitcoin but for them rather because they see things differently as we sees them. They say there is a risk, but does they think that there is no things existing without a risk. Risks are nothing compared to success. And if bitcoin can bring success to their community then why would you think for risks. I guess they are really against on bitcoin and they're just making some excuses. Indonesian are doing wrong to themselves they are only seeing toward negativity but not toward the brighter side still improvements are under process and their concern will be sorted out but it will be late at that time, bitcoin is the leading way toward the development and progress and this coin has capability to give boost to the economy as well and banning it means saying goodbye to development and progress. If they want to ban bitcoin let them they are the ones that are going to lose in the end, bitcoin is the future and there is no way to stop it and the more they resist the more painful it is going to be in the end since they are not going to get a lot of benefits that bitcoin brings, many times people talk about the benefits early adopters got but the benefits to countries that adopt bitcoin early are going to be huge as well that is why Japan legalized bitcoin because they understand this. I think that their government got surprised by the popularity of Bitcoin in their country and, considering the bad financial situation, they are trying to control the market by banning it. Let's hope that tomorrow will be a better day. But that is the issue, you control a market by regulating it not by forbidding it, now those that want to adopt bitcoin in a country where it is banned have to face a difficult decision of obeying the law or not, but if the situation in their country is really that bad then people are going to adopt bitcoin despite the risks, this is happening in countries where there is a deep economic turmoil. |
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Actually, it is not profitable to put all one has in just one line of business in case of collapse and things going wrong in that angle. Thus, diversification is always the key to doing well in investment.
Areas Op could look at in investing other than cryptos include stock, crude oil refinery (depending on your capital and influence ), estate and mortgage, also forex trading is also nice if you could learn how to trade.
Diversification is indeed the best type of strategy in making money inside and outside the cryptocurrency, if you want to have a balance amount of risk and lesser than the usual risk that you are dealing then just do some good investment and diversify so you can minimize the risk. Keep learning and studying some of the great investment like real estate to have an idea on where you will put some of your money. Diversification is not done to make more money, diversification is done to avoid risk, that way if one of your investments fails you do not lose all your money and the profits from the rest of your portfolio are going to be able to cover the losses, that is the real reason to diversify your investments, this is why even if crypto is hot at the moment it is always a good idea to have investments in other sectors of the economy. |
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I'm 100% alt coins. Missed out on the BTC run up.
Bad strategy, bitcoin is the biggest coin in the entire market you cannot have a good portfolio without bitcoin, you need to have a big amount of money invested in bitcoin that way when it goes up and your alts go down you do not lose money, I know that the profits you can get with alts are greater but you need to reduce your risk by investing in Bitcoin as well. |
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Nothing but great news coming from Bitdice. I'm most excited about the planned sports book. And I hope it lays really good odds that would make Nitrogen run for their money. Some competition for them is good as Nitrogen's offerings has become a little bit stale. I wish they had more props bets over there.
Sports betting is the one I’m the most excited about, I love to bet on sports but some sports sites do not have a good reputation so I do not bet there, a reputable casino like bitdice offering sports bets is going to be an immediate success and I’m also waiting for the day they offer poker in the casino since there are not many poker websites that accept bitcoin and those that do, do not have much traffic. |
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Time is proving you wrong. I hope no one have followed you. It is true I would never have thought the price rise would so quick after the Bitcoin Cash failed pump, but still, who could have believed Bitcoin price would go down so much ? Frankly 3000$ are part from ancient times now.
True it is very unlikely we are ever going to see that price again, it is just part of history but at the same time it is kind of funny, for a long time people wanted to reach 1000 again and since then we had non stop growing, we did not had much time to hope for bitcoin to reach 3000 or 4000 since it only took bitcoin a few weeks to surpass those prices. |
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It's much better to be more diverse. You should not just concentrate on bitcoin and ethereum. You should focus on other coins and he much you willing to invest to each coin. It's never a good idea to put everything in just one or two baskets. Also rather make smaller profits at a time. Reduce the risk that way. Bring lots of smaller safer profit and it will add up.
That is reasonable, but at the same time most of the other coins are going to be lot more risky that is why for the investor that is trying to avoid risks the best thing to do is to invest in the safest coins and there is not doubt that bitcoin and ethereum are the safest investments, and people like me prefer to play it even safer and only invest in bitcoin since it is going to take a major event for bitcoin to disappear. |
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It seems there are bad news all around with doom and gloom. Trade figures going down, jobs cuts, security situation not going well, and bad loans.
Is the economy situation in your country that dismal? Or this is just some fear mongering?
The situation in my country is not the best but at the same time is not that bad, the economy is slowly improving but it is going to take a lot of time to reach the promises we were given and as we know those are empty promises, everything can change very quickly especially if the most important foreign markets stop importing our products or if there is another economic recession. |
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Nowadays many people are starting to invest money on bitcoin or the buy bitcoin..is this a good approach?
How this will influence us in future?
investing money on bitcoin I think is a good idea but very risky, that is why you have to think twice before doing it and make sure to double check the investment site if it has a good business reputation. Do a research just to make sure that you'll get a good result and a good profit. Investing in bitcoin is not as risky especially if yo have a very clear plan of what you want to do and what it is your goal, some people buy bitcoin without thinking about it and that is why they lose money because they sell as soon as the price goes down and that is the wrong approach to bitcoin, there were times in which my investment was losing money and yet I still held and now I can get great profits because I had a very clear plan of what I was expecting out of bitcoin. |
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Not in the next 20 years, especially with countries that aren't very advanced with technology.
I do not know about that, a country that does not have as much access to technology is a weaker country, we cannot expect that bitcoin replaces the US dollar overnight but I think that what we are going to see is a slow movement of some parts of the economy to bitcoin and in poor countries where their currency is weaker we are going to see a faster movement to bitcoin in order to protect themselves from the big inflation caused by government spending. |
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No mate. Most of the government are in Federal and democratic state. The people holds the power not he leaders. China is different, the people wont be able to do nothing when prime ministers adresses to ban the BTC. But as we see nand experience, bitcoin adopters counts are vast day by day. So bitcoin can never be stopped.
That is just where it gets interesting. We all have the right to use whatever we please. I can decide to pay you with my new pair of sneakers if you accept isn't it? That is just the way it is! Worst government could do would be to ban exchanges in the country, but would that stop anyone from exchanging what they have if they deem it fit as a better form of exchange ? No! We are always suppose to be in power and then we voted these guys and they turned us to slaves. Now, we are taking that power back and it is the strength of the community and that fact that has made bitcoin to be what it is today. This is what they are the most afraid, bitcoin is a way to free people from them it does not matter what laws they pass bitcoin is able to ignore them since they have no direct control of it the same way they have complete control of their fiat, in fact the money that is in your pocket never belongs to you that is why they can take it, but bitcoin belongs to you and to no one else. well i believe that the government would nothing to do with btc.because if a simple problem such as cyber bullying and human trafficking an abuse of the use of social media on internet they cant solve. so then i believe they cant also stop bitcoin even if they wanted to stop it.they maybe solve first the crime on internet than bitcoin because bitcoin is a verry helpful asset than anything. The difference with those issues is that bitcoin puts their fate at risk, if bitcoin becomes as powerful as we think it can get then governments in their current form will need to stop existing, it is going to be impossible to maintain the huge governments we have now, and that is something they hate, most people employed in the government are overpaid in my country and in most countries too, once they face the private sector they realize how little they are going to be paid so you can be sure that everyone related to the government will fight for what they consider to be their rights. |
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BTC was around $300 3 years ago. Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period  if they going to sell right now they will be instant rich, how about the people those who hold when the price of bitcoin was $1, if they going to sell it their bitcoin now well how many lamborghini will they have?. maybe some of them are now instant rich because of bitcoin. But that is only true if they are holding a lot of coins, if they bought one bitcoin for 1 dollar they got an incredible ROI but not much in terms of dollars, instead a person that bought 100 coins at 500 dollars made less in term of ROI but in dollar terms that person is close to be a millionaire, however I think that no matter how many coins you have we need to hold, a lot of money is going to come to bitcoin in the next years and if you have even an amount as low as 10 bitcoin you could become a millionaire. |
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Your choice of word amuses me. I guess the word/s you're looking for is all-time high or previous record. Anyway, to answer your question...Yes! I think it would reach five figures before the end of the year.
After the segwit2x cancellation I feel pretty confident that we are going to $10,000+ within 2018, but im not sure about 2017 hitting 5 figures. It's still to early to tell. An all time high is perfectly possible, but the resistance before 5 figures, I guess it will be pretty to break, it is a very signification number, rounded, and an increase in figures... it is an epic milestone in bitcoin's price. It either falls to break it and we must wait until 2018, or it breaks it and goes to the moon. Nothing in between. Maybe I’m mistaken but the lowest 5 figure number that exits is 10,000 I think that is what he is referring to when he says we are going to reach 5 figures, after all I do not think anyone here in the forum thinks bitcoin is going to jump to 99,999 in less than two months. Now, I think bitcoin could reach 10,000 before the end of the year thanks to CME and their bitcoin future contracts that are going to attract a lot of investors. |
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Hello in my wallet i have 0.000149 btc  what can i do with this amount, trading ? landing ?  or what ? it's not even cover a transaction fee  There is not much you can do with that amount of money except to leave it there, think about it what you could do with that amount if you had it in a bank account, not much right, in fact in my country in order to open a bank account you need to have at least a couple hundred dollars in that account, bitcoin is the same, maybe in the future when bitcoin is worth a lot of money you can do something with it but not right now. |
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actually its still up to you. but if as for me, i think its better to use bitcoins from mining, campaign and or other accounts that provide bitcoins to start as investment on trading. atleast if you cant be successful on it you did not take money straight from your pocket. but, if your welling to risk, trading is a okay as long as you know how to be patient in waiting. and always remember "buy when its low and sell when its high" a traders saying
All of the things you mention as alternatives to use money from our pocket are activities that require from us to invest money or to work for it, signature campaigns are a great way to get some additional bitcoin but you have to invest some of your time, while mining requires a big upfront investment and it is going to take a lot of time to recover your investment. |
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