Mining is quite profitable. If you know how to GPU mine.
Yeah it is profitable to do GPU mining but not with bitcoin mining. It's already not that profitable if you will enter the mining of bitcoins. Much better to do GPU mining with alt coins like ETH, ZEC or MONERO. It also depends on how much you are willing to invest but it's better if you will buy the rig that can contain 6 or higher gpu's. |
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Bitcoin has pass through many stage, limitations, attack and forks issue but its price keep on increasing from inception till now. At this time Last year bitcoin price was $450 but today it is $1245 that was over 180% increment in just a year. This is what we call blessing, that is making progress in the face of strong opposition!!
Yeah this is a blessing and we are still on a great progress. In the end after these trials in bitcoin we are able to surpass these challenges and the price seems to keep on increasing. For sure in the near future the price can go higher and right now the price is near to $1,300 and every $100 increase is very important and does make sense. |
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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. |
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This will increase the price of coins, but you need to improve the system so that there are no failures due to a huge number of transactions.
I agree. And I think that the bitcoin blockchain system can never maintain a huge number of transaction daily if the whole world starts using Bitcoin. There will be another altcoin strong enough to sweep Bitcoin away Those problems that we are experiencing will surely be fix when all the nations are already using and adopted bitcoin. And it's a thing that will make the price to pump, the demand will be higher and the supply will be lesser and I guess when it happens, satoshi's / bits will be more valuable by that time and has a very good value. Well you're idea is acceptable and if nations will adopt bitcoin I think many hardworking people will have profitable income in the future. Yes that will attract a lot of people because it's either they will be forced to use bitcoin since many are using it or it will be implemented by the government or it will be declared as a safe and recommended crypto currency. But if ever this will happen then there will be doors opening for other alt coins as well, it's possible. Bicoin has its room of improvements and I expect for it to cope with the demand of its users worldwide and also if government would decide to legalize it in their respective country then I'm sure that they will help improve the system of bitcoin and also the advantages and benefits of bitcoin has its very sharp edge for other alt coins to touch it. It will be on a room of improvement and it's already on the room waiting for some upgrades that should be done. The bitcoin surely will pump the government will play a very important role for making the belief of many about bitcoin from negative to positive. They might improve the system but not totally all about it, mostly with regulation. |
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i think trading is well for invest if you know about coin. other you like revenue share sit. you invest and earn profit but i tell you find good sit.
I do not recommend to join any revenue share site to invest in because if a person will start the trade then he will earn a high profit depending on the skills and knowledge of the trader. While in revenue share site you will earn only a limited small amount assigned from them. Yeah they are just going to use your money for their own interest or another investment that they've good. I haven't joined any revenue site but I really don't understand how they are working, there are some that tells that it is working, there are some that tells they are not. But your investment there isn't going to be worth. |
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I just wanted to know that,what amount of risk is there in investing in bitcoins.
There is no measurement when we talk about risk, risk is a risk the same thing with gambling, you are gambling your money with investment. It can go up and down any time. Right now i am planning to buy btc approx 3-4 btc and just hold them as i guess the price of bitcoin will increase in future and i will get some good profit.But i want to know what is the risk involved.Can bitcoin price decrease and is this right time to buy the bitcoin.
Just be ready if ever the price go down and be happy when the price go up. But right now it is worth to take the risk as you said it, the price goes up in the long run. |
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It is unlikely. I think it should be back to around 800 some time this year.
I don't think so that we will be back at $800 for this year. The price floor is good now at $1,000 or should I say that it is good at $1,200 and it's very possible that we can go up to $1,500 very soon. The price now is good at $1,300 and there's 200 more bucks to go and I guess we can go at this rate maybe at the end of June. The current bitcoin prices of $1250 was not a walk pass but a consistent effort of bitcoin desire to stay above $1,000. I don't think price we stay below $1000 before the end of this talk more of $800. Op predictions of $1500 is very realistic and I expect the price to trade above $1500 before October this year. If china exchangers such okcoin, btcc resume margin trade activities this year then expect the price to hit $2000 before the end of this year. The current price of bitcoin upon visiting preev.com it's now $1,299 so it's like a ranging amount from $1,270-$1,299. And I can't see a reason for now that bitcoin is going to come back at lower price. There are basis and some strong support for the speculation of the price to become $1,500 and I can say that we are already near on it. |
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Invest in a trusted site invest your bitcoins there and then it will earned a capital even you do nothing while investing you can do mining or gambling to have time to earn another that way you can bitcoin in a great ways and multi tasking way.
Investing money in cloud mining and gambling is very risky. In gambling there is no guarantee that you can profit and In cloud mining we cannot know how long it will last. I would prefer investing in trusted ICOs or trading unlike in that two. Yeah although all forms of investment have risks, at least we know how much risk faced. I think gambling is not an investment, and cloudmining says it runs actual mining it does not matter although it takes a long time for ROI. But most of the time cloudmining is HYIP on behalf of mining. Better to hold bitcoin in the wallet, and may be occasionally used for trading. Thank you Cloud minning is a total scam and such sites are made to scam people one day or the other. Gambling is too much risky to try. I only trade in bitcoin/ altcoins and get good ROI. I also think that trading is the only legal way to earn bitcoins, although it requires skills to be a good trader. Yeah cloud mining plus its companion HYIP are total scam. Many newbie thinks that it is one great way to make bitcoin but we are all wrong about it. I've been a victim of those investments and scammed my first earned mBTC for thinking that they are legit. But upon experiencing that scam, it taught me a lesson that it was a real scam. |
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We will see a clear winner. It won't be for several years though. I'm still putting all my chips on litecoin.
I think litecoin loses prestige with ETH and other new coins. But litecoin still lives and competes. But I'm a bit hesitant with litecoin. I don't think that those two will have chance against bitcoin. It's clear that bitcoin has a bigger value with it's market cap and ETH and LTC is very far from it so I don't think that it is going to be a good chance for those alt coins because bitcoin will always be on the top. I will remain with bitcoin as the price keeps on climbing. I will certainly stay with bitcoin for sure, and just like you said the price is getting a little bit what some is expecting and that is going up, but some Altcoins was fighting decently but they are more far back behind bitcoin, but still there are many investors keeps on investing to these Alts because of a certain changes in some things they are doing. well we just need to take a look out on some things other that bitcoin once in a while! Me either, I don't want to try other alt coins for being my main carriage of my fund. I'm going to use alt coins for trading but bitcoin will always be my main crypto currency. Those alt coins that are following bitcoin's path are good but still they will don't have any chance against bitcoin, we know about it bitcoin is the number 1. |
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I find it desperate, for those people that doesn't want to court women then this offer is something for you. Though the site looks like a fake one but if I'm not mistaken this is a real culture in Vietnam, so if you are rich enough and you wanted to get married badly just go to Vietnam directly so that you can have your wife.
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It's sad, of course, but I take it as an experience. I analyze and try not to repeat mistakes, I study investing and trading strategies.
Losses will serve us as a big help when we are trading. It's only depending on how you will deal with it. It's better to deal with it in a nice and light way because if you will treat each of your loss as heavy one, you will definitely hurt yourself depending on the amount that you loss. Otherwise, just keep with the flow. i think there is a time that we need to learn about our loss and we should learn from our mistake so in future, we don't have to do the same mistake. i think the most problem of traders is about being greedy when we see the coins we bought is getting pump so high and we want to reach big profit (actually we got big profit but we want more big). this is happen to me and almost all of my friends and sometimes i've learn that being greedy and expecting bigger profit is not good because the reality sometimes is not always like we want so we need to determine how much we want to reach the profit. We should learn every time there is a loss, you don't have to set a time for it, just learn from it immediately. It's true, committing the same mistake will make you crazy and it shouldn't be repetitive but in trading, we can't avoid those situations it's just happening suddenly. So what we need to do is to become ready on what is going to come. |
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Bitcoin were good if you save it for long time, because bitcoin had a high possibility to up the price/value in the market place. Even from now it was fluctuating I was still believe that it was getting high in the future.
It's why I keep on saving because I experienced by myself that if I'm going to hold bitcoins any further this is going to give me an assurance that it will give me a better life in future. And I managed to have while the price is lower at $600 and right now, I can see that the price is really good, so the more bitcoins you'll hold the better. Saving bitcoin for future is a good thing to do but I will not hold them for a very long time as there is no guarantee that price will go higher in future so I will prefer to sell them when its giving me enough profits as I can buy them back when price drops again in near future. If you believe bitcoin and has a basing it's growth with the charts, you will be glad to hold it for a longer time. As I'm doing it because of those people that became successful and riches upon holding a lot of it. And if you'll going to have a look at the charts you will find it out that the longer you are going to hold, it's more profitable. |
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Bitcoin were good if you save it for long time, because bitcoin had a high possibility to up the price/value in the market place. Even from now it was fluctuating I was still believe that it was getting high in the future.
It's why I keep on saving because I experienced by myself that if I'm going to hold bitcoins any further this is going to give me an assurance that it will give me a better life in future. And I managed to have while the price is lower at $600 and right now, I can see that the price is really good, so the more bitcoins you'll hold the better. |
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It's sad, of course, but I take it as an experience. I analyze and try not to repeat mistakes, I study investing and trading strategies.
Losses will serve us as a big help when we are trading. It's only depending on how you will deal with it. It's better to deal with it in a nice and light way because if you will treat each of your loss as heavy one, you will definitely hurt yourself depending on the amount that you loss. Otherwise, just keep with the flow. |
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simple, just buy it from an trusted seller
It's not that going to be an easy thing, he wants to earn the easy way without even pulling some withdrawals from his bank account or with his personal money. This is just good for those traders or bitcoin newcomers that has enough money to do so because if you don't have this amount it's better to get it the usual way as others are stating. It is easy, just find yourself a good paying job. Save part of it according to the calculation where you can buy 1 Bitcoin after 2 months. If your job is not enough, find a side job to add earnings. If you cannot find one then you cannot buy Bitcoin even after 2 or 3 months and give up on the idea of owning 1 Bitcoin after 1 or 2 months and reassess your capability and set another target time range. Much better to set it in 6 months time. With what the OP wants to happen, he will just use a very small amount of his time on a daily basis. And I guess that is not going to be enough to earn this monthly income. But if you will going to give up looking for the best and high paying jobs then you can possibly earn this amount or if you can't , maybe you are close on earning this. Correct OP needs around 10 -20 bitcoin for capital to earn that amount in monthly basis because bitcoin earning is always base on the capital investment if you put large capital your potential income is also big. And for now the job with potential to earn that 1 bitcoin monthly is being a campaign manager with multiple signature campaign handled. Yes, possible 1-2 bitcoins monthly earning will need a lot of bitcoins and capital. But I really doubt it that op is willing to invest that amount or he do have that amount. Even me, I don't have that amount monthly but it's better to earn with the capacity you can even though that is not that high but as long as there is gain, that's fine. Earning 1 or 2 bitcoins in month's time is never easy as you need to have different sources to earn it but I think its good to earn them slowly and steadily instead of running for it where the chances of loosing money will be even more. I haven't said that it is a very easy thing, in real life converting the value of 1-2 bitcoins with your local currency or USD it is really not an easy thing. But if you are very courageous and hardworking you will do what it takes for it in a legitimate way. It's better to earn this amount with steady running source. |
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We will see a clear winner. It won't be for several years though. I'm still putting all my chips on litecoin.
I think litecoin loses prestige with ETH and other new coins. But litecoin still lives and competes. But I'm a bit hesitant with litecoin. I don't think that those two will have chance against bitcoin. It's clear that bitcoin has a bigger value with it's market cap and ETH and LTC is very far from it so I don't think that it is going to be a good chance for those alt coins because bitcoin will always be on the top. I will remain with bitcoin as the price keeps on climbing. |
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Bitcoin is not supported in some countries because they will not get benefits from it. They will think it's illegal and not true. They wouldn't believe it. They will not introduce to somebody about the capacity of one bitcoin. How it works, what is the value of this, where do we find it? If they know how to do with bitcoin, they will get more or earn more.
Yes that's the close reason why those countries that doesn't want to adopt bitcoin. They are scared that their country will be penetrated by illegal bitcoin activities but they are not realizing that there are activities that are being done illegally even though there's no bitcoin involved on it. They don't want to realize and acknowledge bitcoin that is good for the economy. but i do not think that there is any special reason for that, to me i think some countries are not accepting bitcoin because they do not have sound knowledge about bitcoin, i think they need proper knowledge about bitcoin and their people will certainly start using bitcoin. i think it is our responsibilities to use introduce bitcoin to such area where people do not have any idea about it, so that they can also get benefit from bitcoin and make it more and more strong. It's one reason why those countries doesn't want to take the risk of adopting bitcoin because they will like walk into a way without light. Even we are going to introduce bitcoin in the areas we are close to but when the government started to pop out news that is making the reputation of bitcoin bad, we can't do something about it. Most of the time it's just simple issues like taxation that prevents countries from moving forward with legislation, but, while they would want to bring in taxes, Bitcoin is too small for countries to want to bring in revenue. Well, revenue that will actually be a net gain as opposed to a general loss. Countries want to maintain control over their currency. If they can, that keeps them in power and the population under their thumb. Their question then becomes when do the costs outweigh the benefits. I don't think that it will only considered as "too small" for those countries that wants to make this as a gateway of revenue. As long as there is a market behind it that will be supported and there's a guarantee that it can generate profit to their countries. The thing is that, if there are no users or only few that will give them small revenue but if that is well known in their country that will generate profit for the gov't. |
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It is unlikely. I think it should be back to around 800 some time this year.
I don't think so that we will be back at $800 for this year. The price floor is good now at $1,000 or should I say that it is good at $1,200 and it's very possible that we can go up to $1,500 very soon. The price now is good at $1,300 and there's 200 more bucks to go and I guess we can go at this rate maybe at the end of June. |
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Bitcoin is not supported in some countries because they will not get benefits from it. They will think it's illegal and not true. They wouldn't believe it. They will not introduce to somebody about the capacity of one bitcoin. How it works, what is the value of this, where do we find it? If they know how to do with bitcoin, they will get more or earn more.
Yes that's the close reason why those countries that doesn't want to adopt bitcoin. They are scared that their country will be penetrated by illegal bitcoin activities but they are not realizing that there are activities that are being done illegally even though there's no bitcoin involved on it. They don't want to realize and acknowledge bitcoin that is good for the economy. but i do not think that there is any special reason for that, to me i think some countries are not accepting bitcoin because they do not have sound knowledge about bitcoin, i think they need proper knowledge about bitcoin and their people will certainly start using bitcoin. i think it is our responsibilities to use introduce bitcoin to such area where people do not have any idea about it, so that they can also get benefit from bitcoin and make it more and more strong. It's one reason why those countries doesn't want to take the risk of adopting bitcoin because they will like walk into a way without light. Even we are going to introduce bitcoin in the areas we are close to but when the government started to pop out news that is making the reputation of bitcoin bad, we can't do something about it. |
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The government will never accept Bitcoin if everything is stored anonymously, but it is a feature that many users like.
If you are aware with the news today, you will return your words and change that "never" because there are countries right now that are showing their interest to bitcoin and they are now already starting to use and adopt bitcoin. I think other governments, countries will just adopt bitcoin automatically when they saw those countries showing positive result. |
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