I discovered bitcoins because I always lurk around the internet and I really really want to earn money online back then. As a student, the greatest position to have in life for me was to earn money while studying. It teaches us to discipline ourselves, manage our time, and enhances our thinking when it comes to planning hectic schedules.

I might have searched "How to earn money online" more than 20 times before I finally found something that really pays. Most that I've been on was paying using Paypal but there are also people talking about bitcoin. I wasn't interested back then because I thought it was a scam and I'm too lazy to read articles since I'm already earning some money. Eventually, I had time to burn and so I searched bitcoins and that's how it all started.

I guess it does. Even when I can't use bitcoins to buy something in real life, there's an exchanger for bitcoin that allows us to transfer our bitcoins to our bank accounts in fiat form. I use that money to buy groceries and other daily needs.

It's okay that we have to put it in a bank first and not use bitcoins directly because after all, we don't buy groceries every single day. We don't buy enough coffee powder just for one day, enough bread for one day, etc. and then buy again that very same quantity the next day. We buy the things we need every week or 2 weeks. It's not that hard to convert your bitcoins into fiat every week or so.

One day it might start to crash but it'll not have zero value in a very quick period of time. People have invested millions of dollars in bitcoin and that's enough proof that the majority of people would prevent getting bitcoin get dumped more and more. But let's just say that for some reason, people start dumping their bitcoins. It'll not be zero balance quickly, it'll take days/weeks of dumping. You will have enough time to sell your coins at a somehow reasonable price.

If you really think that is true, then you should do some research. Bitcoin is fully anonymous and no one can control the network since it's decentralized. The government can't control the network. There's no "operator" nationwide since every one is just using the same bitcoin network. Or perhaps you were referring to online exchanger. If so, then they don't have any control over bitcoin. They just convert your bitcoins into fiat and vice versa.

Apparently no matter how dumb your government is, anyone can still sue you if they find you doing something illegal. You will still be in jail when someone reports you. Your president isn't the one judging in the court room, it would be a different set of people. Nevertheless, it's quite easy to hide your identity anyway so no worries as long as no one catches you in the act and takes a photo of you.

That's why you don't see millionaires carrying a million dollars in their wallet. I bet you won't be irritated when you just carry small amount of money (e.g. 100$) in your wallet. And for the very same reason, that's why people put their money in a bank or in a vault. If you do live in a first world country, they just swipe your credit card in the credit card reader that they put in their smartphones. Maybe that would solve your problem about being irritated carrying paper money.

I don't think it would be gold. Gold is too valuable to become a currency. USD has an equivalent of 0.50$ which is a coin. In gold, it would just be a little pieces of gold dusts. It would be hard to count those and weigh small pieces of gold. Maybe if people are transacting big amounts of money, then gold can be used as a currency-like depending on its present value.

I don't have that much extra money I don't buy bitcoins but if I would, there would be valid reasons why. (a.) There's a good investment in an altcoin and I don't have bitcoins in my wallet. (b.) I decided to get serious with bitcoins and invest in it much more. Years from now, that money will surely double/triple. (c.) I have to buy something that can only be bought using bitcoins and my bitcoins aren't enough.

I wonder how many people are you going to help and how much money are you going to give them. I just don't think letting people borrow your bitcoins is a good idea. They can propose a project with you that requires a huge amount of money and then just disappear the next day. You wouldn't be able to take the money back since you can't cancel bitcoin transactions. I believe that everybody has fiat money and if they sincerely want to be involved in bitcoin business, they will use their own money as a capital.

After reading the previous comments and thinking of a good investment, I realized something. There's actually a pattern or equation (if you will) when investing. Safe (less risky) investments give you small profits and are good in the long run. Risky investments give you good amount of profits but you should withdraw your money right after making a reasonable amount of profit.

That's like:
Risk = Return
Small risk = small return
Bigger risk = bigger return

To the first quote:
I'd say the reason why there are new HYIPs every day is because a lot of people knows how to make one and I'm sure that there are HYIP owners that goes with different company names and have numerous amount of HYIP sites. There's not that much skill involved when creating one since there are people selling website templates for HYIP sites. You can also hire a web designer if you don't want to make it yourself.

Second quote:
I also do believe that you can easily double your money in HYIP if ONLY THEY WOULD PAY. That is the problem there. You create these illusions that your money will grow and grow by investing in HYIP sites and they want you to believe that. But look at the actual situation and ask yourself, how can you double your money when in the first time that you invest your money, your coins are already gone?

TL;DR: HYIP sites give you the illusion of growing your money, thus, making you invest in their website.

Investing in HYIP site and hoping to double your money is like throwing your money into the fire and hoping that the ashes would turn out to be double the amount of money that you've burnt.

Even when there are times when a single bitcoin transaction takes days before receiving, I don't think the word "slow" would still be appropriate. Just appreciate the whole sending money to abroad thing. Imagine doing it manually, it would take you days too but it would cost you a lot of money, time, and energy. Be grateful that the bitcoin network is there for you to send money anywhere in the world. Most of the time, it only takes 10 minutes for you to receive your coins anyway.

Most cloud mining aren't real, there are also cloud mining sites that actually have mining equipment. Cloud mining sites usually pretend that they do have equipment so their customer would think that they are legit and invest in them. But in reality, they are nothing but a ponzi website.

Legit cloud mining sites, on the other hand, would take a lot of time before you get your ROI. If I were you, I would look for a different source of income. Investing in a website is just not worth your time and money (even if it's better to invest than simply let your money sit there, nah. Still not worth it if you ask me).

I think knowledge and experience are actually the capital in trading and your earnings will not always depend on how much money you put into it. As long as you can buy 3-5 different altcoins, you can start trading. It's not that much of a capital. They always say to start small if you want to succeed at something and I think that's applicable in trading too. Start small and once you're experienced enough, you can start risking greater amount of money.

The only ones that are freaking out when the price of bitcoin goes down are those people that are too excited to get their profits, too nervous that bitcoin will continue going down and those people that aren't willing to wait for a long time. I think they are still in the newbie phase and they most probably do panic selling when the price of bitcoin starts to drop.

People that don't say anything about the price of bitcoin and simply watches the chart instead are those people that have learned their lesson -- freaking out doesn't help and the price of bitcoin will eventually get up.

I've been watching a lot of streams and only those popular people gets some actual earning. Those people that are just starting and are entertaining enough to watch usually just gets a couple of dollars after hours of watching.

On the other hand, people that are famous on youtube are getting ridiculous amounts of donation. For example, there's a video where MojoOnPC (check out his channel) got a total of 20,000 dollars (IIRC) just from a single person that just wants to show off. So if you're pretty average when playing and you're kind of boring to watch, you wouldn't get donations by streaming at all.

A simple card? That's basically ATM card and the app on the phone that you're looking for is Paypal/bitcoin wallet. That's not the future at all since that's the present but we still use the paper money more than we use our card and our bitcoin wallets combined.

The only flaw of using our phone for payments is it would become more shiny in the eyes of criminals. They'll get your phone + they'll get your bitcoin wallet. Even though there's a security code, they can still sell your phone.

There's no online shop that accepts bitcoin available in my country. I shop at Zalora for clothing and Lazada for all the other stuffs. They don't accept bitcoins at the moment so I have to convert my bitcoins first and then use my paypal funds. It also takes a week before I receive the item but it's okay. I sometimes buy on eBay as well because there's a lot of things that aren't sold in Lazada. It takes a month to receive the item and I have to use my paypal funds as well. I haven't tried other online shops except for these 3.

In first world countries, there's no cheap school at all. Students are doomed to get student loans and pay for it continuously years after they graduate. In third world countries, even if the price of studying in college is much less, it would still be hard because it's harder to get money in those areas. I guess this is the reason why people prefer to not go in college at all and just develop their skills all by themselves even though having a degree is really important in getting a day job.

Yes, I do. The reason for this is because I always doubt my decision. I always want to sell at the highest price possible, but there's no way for us to determine that. If I sell right now, what if tomorrow the price becomes higher. Same goes when buying, if you buy now, maybe tomorrow has a better price. That's why at the end of the day, I end up not doing anything at all with my bitcoins. I guess I would just hold my coins for a while.