Im far away from my goal, but lets say once i reach 2-10 bitcoins i do pretend to let them into a safe place, cold wallet and frozen for some 5-10 years, just following once the value of bitcoin just to dont be disconected too many time.
If you did not use that bitcoin for 10 years and you still keep at least 10 btc, maybe that day you've become rich. I think many users would agree if the future of bitcoin and bitcoin prices would reach a very high price. And if you still have a lot of bitcoin then I'll be rich |
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Bitcoin. I can't have gold easily, but in bitcoin, I am starting to have a little by little profit from this as a student.
Yeah to getting gold can be very difficult you know, even to buy 1 gram you should to have a lot of money and to get gold by mine is also not an easy thing dude, it takes patience, enough tools, etc. Getting bitcoin is easier than getting gold#imo |
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Maybe not to get rich, but sure as hell to earn a decent amount of money with bitcoins.
How much money did you earn with bitcoins? Or did you lose some?
We could easily put up in our minds that earning bitcoins are very popular. It is now the internet money. They do as usual that they could trade bitcoins on a high amout of money. I think most bitcoin users gain profit instead of losses, because getting a profit from investing or working bitcoin can be spelled out quite easily right? but to get rich from bitcoin is not easy you know, You need a lot of things to get rich from bitcoin |
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I think the best and most profitable thing today is bitcoin holding, it has been proven that only with bitcoin holding then be patient then we can get profit up to 100% a month.
I think you can use both as an investment, a very gold to be invested and a back up plan. Look at bitcoin prices fall sharply and only investment in gold that can save you from big losses. You can use both for investment and its more better |
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Op I can tell you one thing. People already invested so much in bitcoin that is is not advisable to resign in a half way. Nobody who was interested in bitcoin will quit just because price of bitcoin are little low now. So bitcoin is no dead at never will be.
But there are many users who are willing to lose and sell all their bitcoins and panic selling happens just because they are afraid because 1 august later, they think that it will make bitcoin die? I think if this panic happens to all users of course it will make bitcoin die? |
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If we think logically, teaching bitcoin unto young ones are not good. They must focus on their study rather than that. They are not so good and knowlegeable enough to deal on this. The best age to start bitcoin is within teenage years, I belive they are much responsible.
I think youth and teens are almost the same age? They can already know and learn bitcoin more deeply. My sister is 17 years old and she is able to use bitcoin well and she knows bitcoin better than me and she can do trading and other |
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Yes, I will collect as much bitcoin and reach the target I want for future investments and people closest to me.
I will also save many bitcoins as I can because I will spend it in the near future. It's not your own personal target, I'm sure there are many users who also have the same plan, just like me, I also intend to collect bitcoin as much as possible and then keep it in the wallet for the next few years. Of course my goal is to be rich? Hopefully I can reach it |
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Save money and invest money. Two things that each has its own advantages and disadvantages. To choose between them should be based on our needs. For me currently requires funds for my future so I will choose to invest
Actually save is the main choice I think, if you already have a fixed income investment will be a less important choice. Because you already have a job and also a steady income and investment only as additional income is not so important. While saving will be very important |
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Which is the most used? Any ideas? Desktop and Mobile.
I'm sure the most used wallet is the web wallet that is blockchain.info because usually new people know and just join using bitcoin they must use blockchain.info as their wallet. Because blockchain is so popular, blockchain users are huge and many of them also advise new users to use blockchain wallets. Then this continues for many years so in the eyes of new users the blockchain wallet is the best. But there are many other wallets |
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Invest a bit, but not all your money! Certainly keep a balance between using bitcoin as an investment and a stable currency such as a dollar. However, this week and maybe the next week is a good time to invest in bitcoin again as many people are selling / panicking as August 1 is coming. (We all know the story.) This will increase the margin of profit for all investors and we should see bitcoin's value grow to never seen before heights.
If you dare to guarantee after the 1st of August bitcoin prices will go up, I will hold my bitcoin and even buy some bitcoins for me to keep until the segwit ends but no one dares to guarantee by providing evidence that the price will rise after a segwit, So investing in bitcoin is quite risky nowadays |
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Both have some positive and negative impact on using or saving to you. Cash is relatively better than Bitcoin Because of availability and acceptability at everywhere. But in terms of security cash is not better than Bitcoin. Not only that but also in terms of profit Bitcoin always better than Cash. So both can be a great source of money in specific field.
Both have the advantage of each cash is more easy to use in offline because it is accepted anywhere, While bitcoin is very flexible brought anywhere because digital form, Both have their advantages. After all you can use both simultaneously right? |
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I agree that a significant rise in the price of bitcoin will make the new rich, and I hope to become a rich man in 10 years. And now I will buying bitcoin and keep for at least 10 years.
The possibility to get rich from bitcoin is wide open especially if you have a lot of bitcoin and the price goes up very high, Surely you can become rich with instant, but make sure you already know the risks, If you prepare to become rich from bitcoin you must also be prepared to be poor because prices fall by more than 50% in bitcoin market is very often |
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I do not think it is possible because to end world poverty with auto bitcoin around the world have to understand what bitcoin is and the process is not easy because human way of thinking will not be the same .. So there must be a long process to Resolve poverty with bitcoin in this world ..
poverty can be overcome if individuals in every country are also willing to try hard to get out of this problem, Although bitcoin provides a great advantage though but if the individual is reluctant to work and lazy of course they will not get out of poverty right ? |
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I already and bypass all banks, because my wife has accumulated loans and gave me away. I'm shocked and what to do I do not know. We ourselves are to blame in many ways and always see the banks.
Yeah there is different between bank and bitcoin is just bank can affect you in a different ways. Where bitcoin can give you more benefits as compare to banks. If you got that much loan and looking toward bank and realize that it was a huge mistake then right it was a huge mistake in your life. If you ever invested that loan in bitcoin you might have 10x more than that loan in your pocket. Borrowing money in the bank like suicide I think. Because sometimes they give you enormous interest (better borrow money in bitcoin) and when you're late paying you'll be charged a considerable fine too. But that is from the side of borrowing money that I do not like from the bank |
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If i have a lot of bitcoin i will use it right, half of it will use it for my business and the other i will trade it on with bitcoin because i believe investing on bitcon will help me builds my future. I will hold bitcoin until it reach $10k  Well idea is a good and happy that you are having ability of understand. Bitcoin will goes to $10,000 USD after segWit role. Because segWit playing very important role in bitcoin. There will be few changes happen which can save you from high taxes and also your speed of transaction will be high as from present and past it was. I also have the plan, I have income in bitcoin but not all bitcoin I will use to spending or doing business But I'm allocating a few percent of my earning in bitcoin for the future. Because I'm sure of the potential price on bitcoin |
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
I do not think keeping a bitcoin for a long time is a disadvantage, because the bitcoin price will increase in the future if you keep more bitcoin, you will be richer in the future it can not be detrimental. You know the potential of very large bitcoin in the future, many people will adopt bitcoin every year and this will make bitcoin prices continue to rise into the future. Holding btcoin for long periods is pretty boring but the likelihood of gains will be greater |
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Bitcoin will never die. It is one of the greatest technological innovation in digital money in our century. It can be used for different purposes and means. These have been talked here many times so I am not going to repeat them. As long as bitcoin will bypass the necessity of a central authority like a central bank to tell us what is better for us to do, it will live and it will be cherished by many people. Bitcoin will die is just a nonsense from media and central banks trying to put mud on bitcoin face.
Nope possibility that will continue to exist, although bitcoin is a technology with a very new innovation today but did not rule out bitcoin will get more sophisticated competitors in the future? Because the technology will progress. If all users leave the bitcoin, of course bitcoin will die |
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can they hack into our wallet. There are many professional hackers out there. What are the chances? Also what is the safest way to safeguard ourself?
That is possible if you are using third party program an that is online wallet and I think if you are gonna use a authentication then you are safe from hackers and another is the hard core wallet just like trezor and any other wallet that you are the only one that is holding the private key to access the wallet. Bitcoin can be hacked if you are less careful. Keeping 2fa for online wallets and keeping the Passphrase of desktop wallet safe, can never lead to loss in he coins. It is our carelessness which be blame to others when we lose the coins. Thats true, I use online wallet and I add 2fa (sms verify) to get into my wallet and with that extra security, as long as I use my wallet online. I never get into trouble like my bitcoin is stolen or hacked of course because of good security |
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I think people are asking about Ethereum more lol, because no one can afford to buy Bitcoin.
but in my area a lot of people are asking about bitcoin and Etherium. in fact in my area people still even do not tave knowledge about bitcoin i think a little number of people know about bitcoin and therefore they are asking about bitcoin too much. Lol is different from my area, how can they get to know etherum if they are not familiar with bitcoin? In my area nobody knows about bitcoin just a few people so they do not ask altcoin. But they ask what is bitcoin |
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It's even funny to read this topic. I wonder how many bitcoins the wallet of those who are most worried about the safety of their coins? It is only in the movies, the hacker sat down at a computer and have access to. To life hack your wallet will cost more than coins on your account.
I'm not a hacker but I think hackers do not need a lot of expense to do the hacking they need just an online tool, that they might get for free from their expertise. Certainly bitcoin robbery is common because they do not have good security in their wallets. Especially online wallets |
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