In our local exchange we can choose the option of cardless ATM without fee, so even we don't have a bank account we can cashout our stored money in the wallet with no hassle. All we just need to do is to verify our Identity.
That is also the same in our country. The only bad thing about that is you have to surrender your identity to them. So the anonymous advantage of bitcoin is already ruined. But it is really quick to exchange your bitcoin to fiat. So if you are in need of money, it is just a few click and you got money in an instant. |
|
|
|
|
It can be risky and profitable. But you can see the results in a few minutes so if you are feeling lucky, then you can try it. But I will not recommend it. It is still better to do trading than do binary.
|
|
|
|
|
You increase your btc the way you increase your fiat. They are just the same. You acquire them by working and getting paid in btc or if you have a lot of fiat, trade your fiat to btc. Then you grow them by investing them. You can do altcoin trading as well to take advantage of the fluctuation of altcoin and btc.
|
|
|
|
|
Very entertaining song. The video was from 2013 and bitcoin bubble is yet to burst. It must be a very strong bubble, if it really is a bubble. But I will still hold on my bitcoin even if the song said it is a bubble.
|
|
|
|
|
I thought it was just another doomsday post, but yeah...
Tomorrow is a vague world, like when I own someone and I'll say I'll pay back tomorrow. So when he comes back tomorrow, I'll say "I said tomorrow, not today. Come back tomorrow".
|
|
|
|
i heard many Cryptocurrency but why people mostly use bitcoin?
Because it was the first one and the original, I guess. Others are just a copy of the blockchain. Maybe there is only very few that has improved version and they could emerge as good competitor of bitcoin someday. |
|
|
|
Concept of real money and bitcoin is completely different. Satoshi had came up with the idea of bitcoin in 2008 which is not at all similar to bitcoin but only 1 thing matches that is they are money. But bitcoin doesn't even looks like money because no one could ever touch, see our feel it is just a numeric number stored in computer and transferred within computer that's it.
Bitcoin does not look or feel like money but it function as money. So it is basically money. It is just different on how we store or the process of how we spent it. |
|
|
|
Hey! Friends Good day i have some question in mind i would like to ask you about "how can bitcoin help you with your daily life" and "how will you earn in a week or month" and "how can will you spend bitcoin" because i have a bitcoin in my bitcoin wallet then i am very confused because i don't know how to use the bitcoin so i saved up bitcoin until i'm richer so i can pay someone who will teach me to do stuff with bitcoin in my wallet and i would like to know how you can spend bitcoin in need of furniture and foods. Please  Bitcoin is basically money in a different form. So bitcoin helps me in my expenses, and I earn and spend it the way I earn fiat. You will have to use bitcoin the way you use money. YOu already have a wallet and it have bitcoin in it. So you already know how to store bitcoin. All you have to do now is hold or spend your bitcoin. |
|
|
|
For the purpose of trading haven't read any books particularly, with a small amount started to trade with my own strategies. This in a short time gained me good experience of handling higher amounts. So make yourself strong and go with your plan than executing someone's written experience.
Not everyone is as lucky are you are. Having knowledge from reading books have its advantage. You can learn from the experience of others and know what not to do before hand. Experience is the best teacher in trading if you have money to burn. If not, best to have some knowledge of it before getting some experience. |
|
|
|
Hello folks! I'm thinking about starting to trade with Bitcoin, but I see people saying that It's risky & almost like gambling. I think that I mis-understand the meaning of trading. For me trading Is for EXAMPLE, buying Bitcoin when It's at 550$ and selling It when It's at 670$. This Isn't risky because If Its value doesn't Increase, you'll just have to keep It until It gets higher enough, Is this trading? I would really appreciate If people clarified more! Thankx  It is pretty much like that but there is more into trading. But the gist of it is you will predict in what direction the price will go. If it is going down, then you will short it. If it is going up then you go long. There are times when the chart says it will go up and you go long but then the price goes down, so you lose. Or if you predicted the price will go down, so you short, but it goes up. Those scenario always happen in bitcoin because bitcoin fluctuates a lot. |
|
|
|
I have less than 10 in localbitcoins and about 5 each on BTCC and their justpay wallet.
I don't trade actively, just buying around 1 coin every week or two since a few months ago.
Should I be considering some secured wallet?
No matter the amount you should get a secure wallet. If you have a substantial amount of coins, use a cold wallet (just google how to). Having a secure wallet should be number one on the list of agendas of anyone using Bitcoins. Don't store a lot of your coins on websites or wallets where the admins has access to your coins. Right. Just use online wallet if you are constantly purchasing something using bitcoin. It will be a hassle if you use offline or paper wallet when you always buy something. But if you are just holding your coins for future use, it is better to store it on paper / cold / offline wallet. |
|
|
|
Sure it is! You just have to work real hard for it and save up. Nothing is impossible in this world. Every dream can come true. It's just up to the person dreaming if he really wants to get it!
"They say I am a dreamer, but I am not the only one"
Of course you have to work really hard if you want to reach your goal. 1000 btc is not an easy task but it is doable. You need to have multiple source of income to be able to do that. and it should be "You know I'm a dreamer, but my heart's of gold." |
|
|
|
Enough knowledge on trading would really be needed so that you could able to make profits with it, it may not on constant on or daily basis but it somehow guarantee yourself that you could able to sustain of make money with that. In my own view, it depends on what kind of trading you do, its either on forex, bitcoin or altcoin. They are the same but the stage of knowledge on each field of trade is different.
More than knowledge, experience and discipline is what makes a better trader. Knowledge can be acquired by reading a lot of books and tutorials. But experience needs time and involvement in trading. Discipline can stop you from being emotional on your trades. Experience will teach you what to do on difficult times. |
|
|
|
In trading the results will be not same such as yesterday and possible too for that day you will experience to loss because you had wrong predict for the prices movement however even these jobs full of risk but some people very enjoy for trading and they more likely to choose trading than other jobs
there is no doubt abuot this that every kind of trading is risky, and some time your prediction can prove as false and you can face a big lost, but i think there are so many experience people who are really giving too much good prediction about trading and mostly their prediction proves as right and so they get so much benefit from it. People who have spent enough time behind trading can predict the price movement very easily and there are many experts that will give you tips as when to buy and sell your coins and they will charge some fees from you for giving you tips and I think its worth to pay as it can give good profits at regular intervals. They can predict a movement but it does not mean it will be profitable. Nothing is 100% correct prediction. I will not pay for that. I will only pay if it is an insider information, that is one thing that can lead to a very profitable one time trade. |
|
|
|
Already Op have stored the bitcoin in one among the best wallet and trading service provider. But as he is not active into trading can prefer Blockchain wallet or other offline wallets. Also can try paper wallets if the bitcoin buying is a long term investment.
i think the wiser move is to store your bitcoin in an offline wallet, or hardware wallet. Blockchain wallet is also a good way to store your bitcoin but nothing beats the one that you can access freely and can disconnect to the internet for more safety. You can also use light wallet so that you don't need to download the whole blockchain. Offline wallet is the most secure wallet. If you put your bitcoin on an online wallet, even if it is in a secured platform, it can still be prone to hack or phishing. But if it is offline, no one can hack it. |
|
|
|
There are many casinos website which are offering 5-10% of earning every months depends on how much you are going to put in the website. But research in internet and forum and check their positive feedback, well for me this is a good investment website, and don't opt cloud mining because it will turn into scammm soon for sure it will never last long as i had already been a victim of scammers
Casinos are very risky option. Safedice got wiped out last spring with a single user taking 115 BTC, which was the entire bankroll. This means investors lost almost all of their money. This can happen to other bankrolls as well. Always be EXTREMELY careful with your money and DIFFERENTIATE! If we don't know casinos website of course very risk, we must know other members recommended to invest in casinos website. I think in this forum is many trust casinos website I think it will be better that we invest in a business which will be in our own control and will not have control of any other person so that we do not give control to any other person over our money and we ourself take care of our investment and business. Not everyone have enough money to start their own business. Some can only afford to buy a few stocks or invest on some sites. The important thing is, you must know where you put or invest your money. If you know that the site is earning and have good reputation, then maybe it is good to invest in it. |
|
|
|
As far as I know a successful trade is a trade where you booked a profit. One of the goal of trading is to buy low and sell high. but meeting this situation is not that easy. You need to be patience, do research and monitor the price movement of your trade. You also need to be updated of certain rumors and news and use it to your advantage.
I think the hard part is getting updated with the right news or rumors. The one that will actually effect the price of the commodity you are trading. If you have good sources of that kind of news, making profit and becoming successful in trading will be easy. |
|
|
|
Hi,
I'd like to know what do you think is a good strategy when BTC price shoots up and you feel it's going to come down again.
- hold on to your Bitcoin?
- Sell it for USD hoping to buy it again cheaper?
- Sell it for other crypto (in this case which would you choose)?
If you are.certain it will go back down, then sell your bitcoin then short it. You made profit when you sold,then another when it goes down. Then if it is already back down, buy again. Just repeat the steps when the price shoots up again. |
|
|
|
There is no other coins to replaced bitcoin on the top bitcoin has a good progress since start and the adoption of more people are continuous it also help the great value of bitcoin to lure more people to invest and no other coin like good services of bitcoin.
Let's hope for that so we will continue to grow with our investment. In crypto world, everything is full of surprise or unpredictable so we need to be very careful with our judgement. Invest only what you can afford to lose and do not just put your investment in one basket. we can assure that bitcoin will never be replace by another cryptocurrency because bitcoin already has large network and a large number of people and huge amount of dollars has been invested on bitcoin also it already has a very large market which is spread to many online community . I do think that bitcoin can hardly be replaced by other cryptocurrencies but nothing can assure that bitcoin will rule the world of crypto coin forever. Who knows what will happen in the future because everything is unpredictable in this world, we can't even exactly predict the price of bitcoin not to mention its future. So just make the most of bitcoin while you can  That's right, though it wont be possible for any other currency to replace bitcoin but as it is unpredictable so we can't really say this for sure that bitcoin would live forever as it is digital and anything can happen to it in coming time. I think bitcoin will stay on the top of cryptocurrency. It maybe unpredictable and fluctuating much, but it is still the best cryptocurrency so far. If it will be replaced, it will be replaced by an improved bitcoin with faster confirmation and bigger blocks. |
|
|
|
bitcoins made my life better from before, i can get new friends, information, experience, and 1 most important thing is i can get more income from bitcoin We have different experience in bitcoin and it affects with our life in some ways, some have a happy experience and have some not. What is important is there are a lot of opportunities here in bitcoin and we should know how to spot it and make it in favor to us. People who have lost money in gambling or in any other ponzi sites will surely have negative impression about bitcoins but they cannot afford to blame bitcoins for that as it was their own mistake to put their money into it to make quick bucks but people who are earning in a descent way will surely have positive approach towards bitcoins. Bitcoin make gambling more accessible. So you can't blame them if they blame bitcoin for their losses in gambling or ponzi.but you are right, they should not be blaming others but themselves. Bitcoin is just a tool, you can use it to better your self or the other way around. |
|
|
|
|
Show Posts
