So you are comparing mining with trading. Minning need a quite a good investment of hardware and only then you can mine. Bitcoin mining is so difficult and expensive that an ordinary person cannot afford it. On the other hand trading can be done with minimal investment and it can also give you quick and better profits than mining.
Remember that mining now is not profitable and it will just going to give you some big loss, ASIC mining is expensive but if you want to mine, I suggest you to do alt coin mining and just trade the alt coins that you are going to earn. In that way, you are doing both things, mining and trading and there's nothing to lose on it. |
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Selling is not a good option at the moment.
If you are satisfied with the price today, then profit is profit. No matter how big the price of bitcoin will reach sooner. Once you had enough on it already, go sell it at your own comfort. But yes, it is not a good option if you are going to sell right now, selling some of your coins will be good for you for having money to spend but don't do the same with your remaining btc. Selling is definitely not an option considering the prices that are further reaching newer heights of insanity by going completely crazy over markets and this thing is getting real serious as we are hitting some real big numbers in terms of market cap as well as users, so holding on and waiting for a real time to sell it is the best part if you are not in an emergent need of some cash/fiat. Just like what is happening right now the price is rapidly increasing and it is now on $1,337 though a couple of hours ago it was $1,346 it's only a $11 difference but that is a good sign that bitcoin is already going to come up again. So the most patient person in the market today will get a good profit in the end. |
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Selling is not a good option at the moment.
If you are satisfied with the price today, then profit is profit. No matter how big the price of bitcoin will reach sooner. Once you had enough on it already, go sell it at your own comfort. But yes, it is not a good option if you are going to sell right now, selling some of your coins will be good for you for having money to spend but don't do the same with your remaining btc. |
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Now my main earnings come from the Internet. But I understand that this is risky. Therefore, I plan to open a business offline.
I want to open a cafe where you can spend bitcoins
Remember that it is not online source is risky, in every investments all of them are risky like the cafe that you are planning to do so. And that's a very good idea that you will have to accept bitcoins so that bitcoin users can simply go to your cafe and pay you with their bitcoins. For sure other cafe's near you will adopt it when they figured out that you have the payment method. That's competition, when your cafe accept bitcoin and other cafes do the same, it means that bitcoin will be more accepted so you will be easier to use bitcoin as the payment. The competition will be tough but if you are the only cafe that has that feature of method for accepting bitcoin. Maybe you can attract more crypto customers and those other customers that are curious with bitcoin will have a time to know how it can make them save a lot of time and effort for adopting this currency. |
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My so called pump and dump friends will keep on holding ETH, XMR and Zcash and because of their influence I'm going to go with them. But I want to add some other coins like ICN, Byteball and the hype coins right now, LTC and Dash. And I know these coins aren't that easy to be dead and these will generate me some profit.
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As long as you have a mind and know what you are doing And what you have to lose then it's completely fine
Else stay away from it
And when you come to the point that you are doing everything just to gamble, you are making yourself do what is wrong and make gambling wrong. When gambling is abused and you are just focusing on it most of your time, you really doing it on the wrong way. You must learn to know how to control it so that you are not also always dragging yourself there. Yeah that's the common activities that exactly makes a gambling wrong and mostly other people see to it that you always drag yourself just to gamble and, you don't think over the future. Having that self control must be put in your attitude and it's not impossible to have change in your life so that you will be able to recover what has been damaged caused by your gambling addiction, which has been a wrong impression with anybody. Those gamblers that you think that aren't thinking about the future, they are thinking about their future and that's why they are gambling because they think that their future will be bright if they will have a lot of money. And the way is by getting it through gambling which is very wrong, we all know about it. |
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Right now might be a good time to buy Bitcoin as the price has dropped some. If you can time your trading correctly, you will be able to increase your Bitcoins over time.
Yes its a good idea to buy now but we can also wait to become $1000 for sure the price will increase fast if the price will dump for that price. Trading is also needs timing Unless there is a big bad news, I think the price will be above $1000. Unless there is no bad news rather, so for those people that are planning to quit trading. You should think again because the fact that most of the people are staying and they are seeing a lot of good positive output coming from bitcoin. I would say that keep on trading guys the price is up now at $1,300. I am with you mate. Trading is a long time profession and it will stay there for good - you just need to learn how to play your game. There are people that are making a lot of money in trading and they are living for it and putting the tagline to themselves as 'trader'. Just keep on going just like the market right now, it's keep on going and the chance of earning is bigger right now because the price is also becoming bigger. I think that's enough to encourage quitters. |
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The future of paper money is still bright and shining just like in bitcoin but i think most of the people here think that bitcoin will replace the paper money which is i don't think will happen because there is a lot of problems for bitcoin to be a replacement for paper money like the approval of the government and being anonymous which the government didn't like about bitcoin.
Yes sure, Bitcoin can never replace paper money! But I have doubt if paper money has glorifying future because trend says its use getting decrease day by day whereas bitcoin is being increasingly used. So by percentage change we can say bitcoin doing better than paper money. It's hard to think that bitcoin will replace paper money. It's a plan of the government that they will try to upgrade the monetary system, they will make it digital but I don't think that it will be bitcoin, it will be bitcoin inspired type of money. But I'm worried for those people that are still not into technology specially those who are leaving in rural places and depressed areas. Those people in rural places will be fine, the government is not in the rush situation that they need to add digital money to implement to their country because until now the paper money is doing its work and we didn't encounter any problem. Government will take action for this lack of knowledge about technology for the people in rural places as soon as possible, i think they are just planning about that because lack of knowledge for a country will result for a very slow process of improving its state. But I'm very worried about them because most of them are into technology and they don't have an idea on how they are going to use the new currency if ever that will be implemented. Well yes you are right with it, that will not be an instant change and the government will do something about it for the adoption of it. |
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I think that this is possible only if there is a new cryptocurrency that will surpass Bitcoin, but the chances of it are very small.
It has been discussed and said by a lot of people here. As of now, it is not ever be possible if you will look at what the price of bitcoin is right now and if you are updated with the news, Japan now has accepted bitcoin and this is going to make the demand of bitcoin higher and those new crypto currency that are going to come in will be just good for trading. |
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If I am in desperate need of money then I will take cash advance from my company as I have a full time job so I can expect that I will get help from my company and as a employee even they trust me so it won't be a great issue for me to find money in desperate situations.
It's a benefit and it's good for you that you have that type of privilege from your company for taking a cash advance. But not with my company, you can have loan but not a cash advance. And I'm really avoiding to have debt in my company as I don't like to have debt from other. I will stick to ask some of my friends and relatives for money if needed. We have that kind of program in our company too, our boss allowing us to cash advance whenever necessary but the amount is very limited so sometimes I tend to go to lending company to borrow money. The cash advance thing can help us because it does not have interest unlike loans, so I still appreciate our company despite giving a limit. That's the advantage of cash advance from the companies but if you really need bigger amount of money desperately that is not going to be enough. Still most of us doesn't have choice but to keep on borrowing money or taking loan from the bank that has interests and if you are that desperate, you are going to have some collateral. |
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Bitcoin will have a future, because Bitcoin is the future. This is a cryptocurrency, without which we will not be able to live in 20 years.
And we are already on that way to the future because as the price of bitcoin gets higher each day. But even without crypto currency we are able to live no matter what, think about those early days that we doesn't have and know about this. But the technology is very fast in advancement and it keeps on growing, bitcoin has the future. |
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Best way is to destroy scams. Having scammy exchanges, scammy people running away, this is what make the trust to do not come. Little by little, by not funding them will make them disappear, and a trust will be contructed over the time.
Destroying scams is a very hard task, they are everywhere. What the government or us should do is to raise awareness. If we will raise awareness to the people and to the government about those technique of scams then it will be possible that the government will accept bitcoin and will accept the fact that bitcoin is good for the economy. Once government finds a way to control or manipulate the bitcoin users surely they will let people know it for their people can earn and be benefited from it same with they can get taxes through the users once they find a way how to put taxes on each user. Yes it is a sure thing that they are going to manipulate us because the government is always for the tax or profit for the government. Each of the local exchange that has been based on your country will be taxing each of your receiving or sending transactions. I hope that is not going to happen so that we can still pay smaller fees. |
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If I am in desperate need of money then I will take cash advance from my company as I have a full time job so I can expect that I will get help from my company and as a employee even they trust me so it won't be a great issue for me to find money in desperate situations.
It's a benefit and it's good for you that you have that type of privilege from your company for taking a cash advance. But not with my company, you can have loan but not a cash advance. And I'm really avoiding to have debt in my company as I don't like to have debt from other. I will stick to ask some of my friends and relatives for money if needed. |
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You can easily earn that amount if you have multiple ways of earning bitcoins as you cannot expect that income only from single source of income so try to multiply your ways of earning from sig campaign, trading, gambling etc.
That's the way of earning that amount per week and you shouldn't have enough time for doing it so. But I don't want to include gambling as your source of income, it may be good if you are an investor on a certain casino but for being a normal gambler, I don't that would help as it will always lead to losing a lot of money. Well all you need is hard work to earn such an amount you've wanted. In this case, a amount worth 0.1btc a week which can be earn through hard work by doing those stuffs you've said. But gambling is best depending on what games it is. If you are good at Sports then bet on and gamble through those and never gamble on a dice kind of gambling site since you'll probably end up losing. But the best way would be trading which you can earn fast once you have enough starting money. Yes hard work really counts, even if you know a lot of way to earn possibly with that amount but you are lazy and you don't work hard. Your knowledge will be only useless because you are not applying what you know. I really don't suggest to be a gambler, but I know there are people that are good in sports bet but, it's up to you upon taking the risk. |
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The first difference between the two is Real money hardly gains value as compared to bitcoin which has growing potential everyday. bitcoin price movement has potentially very good value. while real money only has limited movement. unless there is the clutter in this world then everything can happen.
Yeah value of real money is even decreasing because of inflation and that's opposite in bitcoin. As the time goes on, the value / price of bitcoin is getting higher because of the market of it, the price gets higher because of the demand of the people while the supply of it has a very limitation so that's a big difference. |
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The future of paper money is still bright and shining just like in bitcoin but i think most of the people here think that bitcoin will replace the paper money which is i don't think will happen because there is a lot of problems for bitcoin to be a replacement for paper money like the approval of the government and being anonymous which the government didn't like about bitcoin.
Yes sure, Bitcoin can never replace paper money! But I have doubt if paper money has glorifying future because trend says its use getting decrease day by day whereas bitcoin is being increasingly used. So by percentage change we can say bitcoin doing better than paper money. It's hard to think that bitcoin will replace paper money. It's a plan of the government that they will try to upgrade the monetary system, they will make it digital but I don't think that it will be bitcoin, it will be bitcoin inspired type of money. But I'm worried for those people that are still not into technology specially those who are leaving in rural places and depressed areas. |
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Right now might be a good time to buy Bitcoin as the price has dropped some. If you can time your trading correctly, you will be able to increase your Bitcoins over time.
Yes its a good idea to buy now but we can also wait to become $1000 for sure the price will increase fast if the price will dump for that price. Trading is also needs timing Unless there is a big bad news, I think the price will be above $1000. Unless there is no bad news rather, so for those people that are planning to quit trading. You should think again because the fact that most of the people are staying and they are seeing a lot of good positive output coming from bitcoin. I would say that keep on trading guys the price is up now at $1,300. |
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As long as you have a mind and know what you are doing And what you have to lose then it's completely fine
Else stay away from it
And when you come to the point that you are doing everything just to gamble, you are making yourself do what is wrong and make gambling wrong. When gambling is abused and you are just focusing on it most of your time, you really doing it on the wrong way. You must learn to know how to control it so that you are not also always dragging yourself there. |
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Now my main earnings come from the Internet. But I understand that this is risky. Therefore, I plan to open a business offline.
I want to open a cafe where you can spend bitcoins
Remember that it is not online source is risky, in every investments all of them are risky like the cafe that you are planning to do so. And that's a very good idea that you will have to accept bitcoins so that bitcoin users can simply go to your cafe and pay you with their bitcoins. For sure other cafe's near you will adopt it when they figured out that you have the payment method. |
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So far I didn't have much chances to save bitcoin but I would l like that, I have the plan. It's better to save bitcoins with some purpose and to have some savings for the future but I think saving can also be fun. But even better fun would be spending it on the stuff you like.
You should have do this right now, yes it will always be better if you are going to save for your future. Because if you are a wise man, you will choose to save now. Saving will be fun in a way that you can buy anything you want in the right time, you will think about financial problem because you know that you have enough money for it. |
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