I think the government dont approved this kind of money to change. Because we use money to recognized all the heroes in our country so if bitcoin change USD the government could be banned the bitcoin if it happen. There is no reason to deny this fact that dollar is an internationally recognized currency and it is in fact the top leading currency in the world of regular currencies. It is very much difficult for bitcoin to replace dollar at least for coming 10 years. Bitcoin is no doubt a very good thing but it can only replace dollar if and only if all the governments declare it as legal currency, which is quite impossible thing. |
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It crossed my mind yesterday and I was thinking what if the government wakes up with an obnoxious law against btc ?
Its trade, exchange and outrightly banning btc usage.
Is this possible?
Do you see this coming?
What do you think & what will happen?
It is hard decision that governments may be against bitcoin. Because governments have lots of economical benefits thanks to bitcoin. If they see bitcoin as illegal money, they will lose their high economy. Think about big money men, bitcoin makes their illegal money to legal. Therefore bitcoin is a big chance to develope and be the richest one. I must say that the economic condition of the country in which there are people who are investing in bitcoin is far better than any other country who is not having any investor who invests in bitcoin. Bitcoin is no doubt very much capable of making the economic condition of almost most of the countries apart from that of making the economic condition of the people better. |
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The best time to plant a tree was 20 years ago. The second best time is now  I can’t understand this example but what I get out of it is to make your investments useable right now. You are not late as there is a saying, “it is never too late”. Time comes and go and things are just disappeared but the scenario is almost different in bitcoin case. You need to work hard and prices are going up. So ultimate profit for you in all cases. Better not to wait, buy now. |
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It will really depend on you if you will hold it and wait a little longer or just sell it. It would all depend on you on how much loss you can afford.
Like you said here this is really depending on the person who is making all the things according to plan. There may be selling which can suit you or you can go for holding for better results. When you are coming in this world, and you are taking a proper start, believe me that is the supreme time for you to make your plans. How, when, what, where these all should be covered well. Exactly when there are chances for you coming ahead then it is only you who can either chose number one or two or so. Like if you say, you are at a point when you have to choose between selling and holding. Then you will reinvestigate your strategy and find out what will be more suitable for you in the end regarding results. Be wise in your strategy den plans that will lead you to an amazing end. |
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Of course because definitely bitcoin can affect a countries economic so that it will have a impact on the issue of economic. And of course as we can see the major help bitcoin give to many people is by having income or earnings eventhough they doesn't have any jobs. And bitcoin teach some of us to manage our money or income. Yes that’s what I believe also because the way bitcoin is going forward so there is no doubt that bitcoin can do this bitcoin is only one currency which make dreams possible in short time bitcoin achieved a lot of its targets and as we know recently bitcoin is arrived to Thailand so hope bitcoin will be reached to other parts of the world to kill poverty. You are so true in this regard but I have one reservation. Although it has killed poverty in some parts of your country or anywhere. But reality is bitcoin is not for this case. You can’t end poverty, this is government’s work to establish better policies for it. Still bitcoin have done a tremendous job as per its own capacity to make unemployed, employed. Many are happy with it. |
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I think no one actually has any idea who owns the biggest bitcoin wallet or the second person who owns the bitcoin wallet because no one in the right mind would flaunt that's how much they have in their wallet.
Being decentralized and anonymous , bitcoin have made this happen in the history of coins and currencies that anyone else couldn’t find it how much bitcoin or money you are holding. Then why someone is so foolish that he announce openly that okay people I have this much biggest wallet with this much amount and bitcoins. And if you get to know about someone that will be probably fake. |
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I am thinking .. to put all my money in bitcoin what do you think? is it a good way to grow my money? or it is risky or.. ?
In my opinion, it is a very risky business. Although, At present btc is rising and prices are very high but who can be sure tomorrow will not have any changes to the btc price, make it reduce? If you want to invest in crypto, you should divide the amount you have for several different currencies. That will reduce the risk for your money. There is famous quotation “Don’t put all your oranges into one basket”. This is what I think as well. There is no way that we can deny this fact that bitcoin is a very good way of investing your money but investing all money is not a good thing to do. You can invest a major portion of your income into bitcoin but still you need to have something in your pocket as your backup because you never know what will happen. |
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i wonder what makes you trust a new altcoin? what you're looking for in their company page etc...?
Trust, that is something that is almost never there. But, I will put some effort into a new coin if the dev has a known and proven track record, the team seems to want to succeed, there is a new algo or tech behind the coin, things like that. But I never trust these coin, never give them money. If a coin is going to make it, there are other ways to take part in the project and other ways to make money. If you really want to become a successful person in your life, then you have to make sure that you are trusting the right coin. There is no way that you can trust a new coin. It actually takes a lot of time to see the trend and behavior of the coin which is introduced to this world. You cannot trust any coin and that too blindly. So you need to make sure that you are trusting a right coin first. |
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Clearly, bitcoin would not be as popular if it is not that stable. If we look at the status of bitcoin now a days, it shows a progressive trend which attracts more people to be part in bitcoin. In line with this people are becoming more aware of cryptocurrency as a matter of fact here in my country philippines it is now beginning to be well known through social medias and broadcasting companies.
Yes volatility is the thing that attracts people toward It and if there will be stability in its prices there will be no one who will use it and more of it bitcoin main profit depends on the prices and if prices goes down people buy it for sake of profit and as prices goes up then people use it for the sake of profit making so if prices become stable these will be no high profit and it will be like physical money. |
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I think investing 100% is not at all necessary.
First start with your 30%, and after a period, put additional 20% if required. (To buy on dip. If necessary 10% more can be added.)
So, a total of 60% of your savings itself is a considerable risk. But, the returns may be higher.
Above all, it should not hurt you if anything goes wrong. That is the limit of investing.
I would invest 100 percent of my saving into bitcoin at least for few months because the experts are giving green signal. They have predicted its value to rise up almost 4k dollars more within a coming 5 to 6 months. Buying 1btc now means grabbing 4k dollars after 6 months and it is not a bad deal. Is this possible to make such a profit by any other way? Not at all. During these months, there will be a dump for sure but patience is the solution for such situations. |
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Does anyone have information whether bitcoin would distribute wealth more equally across people than the current wealth distribution?
Or would the distribution be even more unfair?
I really think this is true, just imagine before bitcoin or cryptocurrency is introduced to people. Only those people who are already rich can contribute to projects or ICO, now that we have cryptocurrency, people can contribute and share their funds and gain income through it. Yeah many people are starting to earn more money besides earning from their job. So they will buy more. This will help the economy of their country and this will be better for more people. I also got some extra money by doing investing in some coins. Looking at the capabilities of bitcoin, I am very much positive about this thing that bitcoin is having this much of potential that it can change the distribution of wealth in the country. The way bitcoin is helping so many like us in earning this much amount of money, there are likely chances that soon there will remain no one poor in this world except those who are not knowing about bitcoin. |
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Bitcoin got much higher protential long term than gold. It's like do you want to invest in apple, microsoft, google, and amazon stocks back then or you want to invest in gold back then.
Actually gold have much stable rates than bitcoin. Bitcoin market is totally fluctuating every time. But this goes in advantage to bitcoin. The prices are totally getting higherevery other day for bitcoin, whereas gold is still in that range of prices from last decade. So, it is better to get yourself indulged in bitcoin as it will be of morepotential than gold in terms of profits for you. |
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The cache is very good with bitcon. can you buy anything from the market or make any kind of shopping and you can make payments with your debit card/ cardit card/ shopping card, you do not have to pay any extra fees and no charge.
I think that bitcoin is far better than cash because I cannot use my local currency all over the world. if I want to buy something in other country I will have to convert my local currency into the required one, but in bitcoin there is no such needs of converting currency to use in different countries. And the other benefit is that the investment in bitcoin is increasing day by day as the price go up. |
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one of which affects the bitcoin price, is the trust of bitcoin users.  Trust of users is pretty much worthless since the majority of them don't know what Bitcoin is, and change from perspective alongside the market's fluctuations. In other words, if the price goes up, people are excited and confident. But when the price goes down, like a mid level correction, the excitement and confidence are gone like it was never there. On top of that, the community is quite easily tricked into taking whatever fud that pops up for granted without doing some actual research. So no, the "trust" of the Bitcoin users is meaningless. It may sound harsh, but that's the reality -- there is no need to act soft in this case. Whenever trust is developed then definitely the demand will also increases because the people become confident on it so now the real profit and other benefits of bit coin surely increase the trust level of the investors so the demand usually gain dominancy on supply and the price get raised. |
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Maybe the answer is yes, but there are many advantage and disadvantage of both money digital and paper money. This all money are helpfull to us why should be replace both of them have a useful to our daily life routine.
If dollar is acceptable being an international currency across the world and play a role of dominant currency so why cryptocurrency may not. May be cryptocurrency gets immense popularity in rest of the world in future and then people refuse or avoid paper money for their regular use so in this way paper money may be ended completely but in real sense it will take much time to happening. Eventually it is not impossible for cryptocurrency to overcome paper currency. |
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investing in bitcoin is a great way to earn more money than you are trading because it is very risky especially for beginners.
There is no doubt that the profit and rate of return in respect of bit coin as crypto currency is much more as compare to other virtual and digital crypto currencies prevailing in the market as the price of bit coin is increasing day by day due to the high demand of the investors. |
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Coisebase is a reasonable choice. Because coisebase offers many great features, it also stores a lot of crypto. I always choose to store bitcoin on coisebase.
Do you even have the slightest idea of what you are talking about? What is Coisebase ? If you had mention it once, I could have even assumed it to be a mistake, but 3 times in a row, is apparently not a mistake. Maybe, I am the one mistaken, has anyone ever heard of coisebase ? I even had to check google to be sure maybe, I was the one being paranoid.  Some dudes on this forum can make you sick and as much as you want to ignore, they keep getting plenty all the time. Hahaha this happens every time. I thought I had read about this coin base somewhere in this forum. But then I realized no there is nothing like it. I google it and there comes nothing related to any crypto thing. Make sure what you are talking about, you must know about it. Like this, if you are just writing and you don’t know even what are you writing, that is of no use and value. |
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If you want to manage your portfolio even you have a full time job then go for long term because if you will go for long term investment within your portfolio then you don't need to worry for monitoring it daily because you can do it weekly or even monthly. A portfolio doesn't is for long term in my opinion and investing for long term is the best for you if you have a full time job so you will have a back up source of income.
I would like to salute OP for being able to juggle between a full time job and managing a portfolio. There's no doubt that you're having a hard time managing both because it takes up a lot of your time. This is the most ideal - going for long term. You wouldn't have to monitor every now and then if this were the case. You would be able to dedicate most of your time to your full job even with a long term investment because you wouldn't have to check daily. Research on which coins to buy that are good for long term investment; that way, you wouldn't have buy and sell every now and then. That's the strategy that I am using with juggling university. I spend as much time as I need to get top 10% grades in my courses and papers and spend the rest of my time researching promising long term investment candidates. Has been working well so far. Very busy, but it seems to be paying off. And if this keeps going for another year I won't have to bother with a full-time job and will be able to focus on interesting projects myself instead, without having to worry about my finances. Judging from my current situation, I think it's best for a fresh graduate to keep pursuing cryptoworld and treat it like a career too, most of my friends don't even bother graduating or making time for another fiat job as long there are shelter at least. I believe anyone could profit in crypto as long you have those mindset like a daily trader, researching is fun when there are huge potential for a big fat BTC wallet. Nothing is more satisfy than speculating green candles, even better than paycheck i must say. It's not hard to sustain by trading if you are smart at speculating/predicting price movement, but choices are yours. Although you have a point out there, you can not still rely on those tradings if you really want to be successful in your life or once dream about it, it is kinda sounds like you were just relying in a single income, but actually what you are trying to pursue is a good destination and goal, eventually you will meet so many people and characters just be aware of that just in case, not everyone is your friend actually. Sorry man but what you just said about trading not being possible to earn a full living is completely false. I made tons of money trading and also read about a guy who quit his $100,000+ annual salary job to do crypto trading full time because he was making so much from it. Yes exactly. It is all about the choice making. If someone, like the guy you are talking about, once think and confirmed that he will make bitcoin as the proper source of income then I think nothing is bad in it. You will have many chances along the way to make enough money that is even more than your salary in a month. Just decide what you have to do, keep that with you. |
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We all know bitcoin is pumping again everyday. But if you are thinking of buying now, it is not recommended because you never know the price when will it rise/fall. For now earning some in campaigns is the best option you should wait until it suddenly fall again. That is the perfect time buy some huge packs of bitcoin.
It's not really a good time to buy now, well if you can afford to buy now then buy it. But if you really want to have a good profit then wait for the hard fork to be over as bitcoin will have some few corrections. Always bare in mind that you should buy in dips and sell when everyone is greedy. There is no formula to decide the right time for buying or selling of bitcoins. It all depends on the person himself, he is the one who can decide this thing in a better way. In my opinion, buy the bitcoins only when you have this much of budget and the prices are falling down. While sell only when you think you are getting enough amount of profit by selling your bitcoins. Do not sell when the prices are falling down. |
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That's right bitcoin surely has a great future ahead so we can afford to invest some part of our wealth in it to get higher profits in future but make sure that you don't invest all your money in it as the future is uncertain and anything is possible in future so its good not to put all money at a single place.
That’s true. The future of bitcoin is very much secure and bright. Bitcoin is the only digital currency that has successfully beaten real estate investment and gold in the race of being most profitable investment so far. Bitcoin has also made international transactions easier and faster. Undoubtedly we should invest maximum portion of our wealth into bitcoin since bitcoin itself is an investment and saving at a time. |
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