Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!
Well the principles of trading is buy when low then sell when high, So probably if you want to earn more profit then save it, Maybe there will only be a small percentage of profit that you will earn but it was still a profit and it will increase and increase periodically. i think people put too much expectation in trading , they are also did not think clearly about how realistically they could make profit , and mostly so dreamy talking and expecting good things only without considering the worst possibility could happened. you put $10 and want to make it $30 , that was not easy. sometimes you should through the storm , dropped so low and be patient are a must. Yeah save also requires patience. many people have high expectations of investing in bitcoin. many of them think that they can get multiple profits easily when they buy bitcoins and store them but they do not think about bad things that may happen and not think about patience and trust are necessary. so that when something terrible happens to bitcoin as it is today. many of them lose money because they have no trust in bitcoin and are impatient |
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I am confident and believe prices can and will survive bitcoin increasing numbers rise at $5000 until the end of this year. because a few days ago until now the price is often fickle and not bitcoin address even the stable often decline. but it It has become a regular thing so it's best we don't need to panic and fear.
I doubt bitcoin price at $5000 this year since there are a lot of happening. From the price dump that is happening this days, I know we can survive that and just go back from the past price of $4000. There is an upcoming debate so I can say that it is pretty normal that it will be hitting a low price again and then just go back after a couple of weeks. That is how bitcoin price works. I think to survive it is very likely that bitcoin will continue to live seeing the development of bitcoin show a positive thing. but for bitcoin prices can reach $ 5000 by the end of this year may happen may not. because no one can predict exactly. you would still be surprised when bitcoin prices could drop more than $ 1000 in 1 night. and it is very likely that the price will rise beyond your expectations.. |
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I just read while browsing this morning this news article... Hmmmm... With the current price, this will be going to be interesting... How many faithful followers are going to continue doing signature campaign and all the stuff... For me, i will continue to do so... I am going to wait until the price will rise up again.. https://www.coindesk.com/back-3500-bitcoin-found-short-term-bottom/The current price has re-gain again. I would still continue to do the signature campaign weather the price go down because it is just temporary as we can see the price is re gaining now. Prices are down because there is an issue that by the end of this month the Chinese government will do the banning of all bitcoin markets in their country. causing many traders and users to panic and sell their bitcoin so the price drops. I do not know it's just about issues and manipulation or that is real ? but I will continue doing the usual activity in bitcoin.. |
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I also agree with OP that the current dip in price of Bitcoin is an opportunity for small investor to join the bitcoin market. It is quite a long time since Bitcoin had this huge crash in price.
Time to buy if you have balls. I had read Wolf's tweet and I totally agree with his observations; China's ban on exchanges should cause solid HODL since there would be no way to sell, correct? So in other words, this dump is only caused by the westerns selling in panic and has directly nothing to do with the Chinese. So again, BUY IF YOU HAVE BALLS.
Smart, that maybe you are implying. Since buying at this dip means more profit when Bitcoin price recover and confusion and FUD effect waivers. This scenario is the buying point. There's no way that casual investors need to a sell-off today. Everybody if you have some funds to really buy bitcoin and then Hodl specially if you are in the long term. Those who are selling now would definitely regret their decision later. Perhaps they experience sleepless night already seeing their investment going down the drain that's why they want to exit today. But if this FUD and confusion is over, we may experience a massive bull run pushing the price to $4000+. Just HODL and buy at this point. Now is the time to buy especially for small investors. the current price will be pretty small compared to a few days ago. and if you do not want to miss the chance to get rich or get a big profit. then this is the right time for you to buy bitcoin. do not miss the train again dude because many people will start thinking that the current price is very cheap |
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Besides, Bitcoin is an invisible gold and do not be restricted by the customs.
Very good point! This basically allows you to bring more than 10k in "cash" around the glob in your pocket without customs having a chance to find out.. Can potentially be problematic though, helping illegal transactions. True, and bitcoin is was very accessible than cash , you must to bring your smartphone since bitcoin wallet was installed there which you can use for buying things that you want, paying a restaurant and riding in taxi I think all of these may be implemented soon . Yeah that is the advantage of digital currency compared with cash. you can bring as much as your money just by installing a bitcoi wallet on your smartphone and you can do shopping and pay instantly with your smartphone. inversely proportional to the cash that is somewhat complicated in the storage if you bring a lot of money? |
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It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
I think you have a good point because the bitcoin is now becoming more popular. I agree to you that the bitcoin will be used by almost everyone in 2022. In this year, many people are now using it because of the benefits that we can get. I don't see it that way. Yes Bitcoin has its own advantages when it comes to payment system, but a good portion of our population is not compatible to this kind of payment mode. From the elderly to people who are not technically inclined they will see Bitcoin as an unsatisfactory or a useless thing on their end. I mean if Fiat currency is working fine to them will they ever change something that is not broker? I guess not because even up to now Bitcoin is still valued in terms of its Fiat currency equivalent. First for now bitcoin is not yet suitable to be applied because the current era does not include the digital era. there are still many people who are still technologically blind. it may take several decades to come where the child of the millennium (our child) is growing old and the generation below will inherit a more sophisticated digital / technological era. maybe bitcoin is applicable at that time and we will see bitcoin already used by many people in world |
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surely failure should be a valuable lesson in achieving success later, and I think we should strive to for achieve the dreams of life, of course, success in business.
Yes, those who treat their mistakes as lessons definitely succeed in life but for those who take mistakes on heart and stop struggling for their dreams are never ever able to chase their dreams. You really need to be strong when you have high goals. High goals involve high risks and big blunders, so we should be aware of all this before setting big goals. Right. Everyone experience to failed before become successful in life for achieving their dream. The strong Person is someone who takes failure and mistakes as challenges and motivation to do much better for the next time and never think to stop when feels the hardships and struggles. Having a goal to become rich with bitcoin will take much risk. There is no easy and safe way when it comes to business, trading, and even investing, all have to take the risk in order to gain more profit. When you have a dream, you will never stop to chase it until it will become success. One example is from trading and investment in bitcoin. many users are desperate to get rich from bitcoin just because they get lose  . like my friend he's no longer a bitcoin user and investor right now because he's losing so much when bitcoin prices dropped from $ 1000 to $ 200 a few years ago and then he's desperate now. lol |
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What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved  I think there are four reasons why Bitcoin can not become formal payment: 1- Not many people know the existence of Bitcoin. Although the numbers are increasing, developing countries do not have as much exposure to high technology as bitcoin. 2- Bitcoin prices fluctuate sharply: up to 10-15% per day. This has made many people unhappy with their money, despite the overall trend of bitcoin prices rising rapidly in recent years. 3- The size of the block needs to increase as bitcoin users get more and more so it seems is also slowing down a lot. Although hardfork and segwit. 4- Bitcoin is not really safe. There have been hackers stealing bitcoin. Bitcoin is also used for money laundering purposes. For number one I think along with the increasing number of users and the spread of bitcoin in different countries then bitcoin will automatically have many bases in many countries and many online / offline merchants that accept bitcoin and that much happening in my neighborhood. For number 2 I think it is not a problem. because merchants have direct payment system where after user pay with bitcoin then system will directly convert to fiat to avoid fluctuation |
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No, not at all. Think of a thing with limited supply and an infinite demand such thing would always grow. Even a financial expert said that anything below $100000/btc would be less. I even think that he is right because its already $4500 when only 5% of population knows about it. What is it going to be when the whole world would live on this currency. I think that day is not too far.
I also trust such optimistic forecasts. Bitcoin will surprise us all. I buy a few coins, every time the price decreases. And I believe that in a few years bitcoin will make me a millionaire Bitcoin can helps you become a millionaire if Bitcoin in your wallet enough when the price of it have high price. It means you need have 10-100 or even 1000 BTC for makes that future become the truth In fact bitcoin prices will still continue to increase even several times higher than current prices. it's guaranteed by the growing number of users who adopt bitcoin every time. so if you want rich from bitcoin. it is not too late to get rich from bitcoin. you just need to buy a lot of bitcoin and you can hold it for the next few years and you get rich |
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In this life like today, we can not escape the name of "Cash". Cash seems to have been embedded in our daily lives. Even today many small children even adults though are "money conscious". If you give them a choice of cash and Bitcoin, then do not be surprised if they prefer money than Bitcoin.
the digital era just get started, no wonder if people don't know yet about how bitcoin could work the same way like cash work as currency to buy things. don't compare it like that , as there would always a pros and cons to be debated . while cash and bitcoin itself each has different benefit. sooner or later bitcoin would adopted and used just like cash today. I love the way you think though. Both cash and bitcoin are equal in the eyes of people though it is digitized yet it can be used for purchasing goods or anything. I strongly believe that people are not hypocrite. No matter what appearance of money still it is profitable and for the sake of survival. Both are good with special needs of it. More powers for bitcoin. The only major difference is we can not use bitcoins in real life that's it. Apart from this both have their own qualities and have value in the market. But as a mate said in future we will get a chance to use bitcoins in real life, and we can buy our things with paying bitcoins. My dream is how we can use cash like that i need to use bitcoins don't know when that day will come. you must never experience to buy a cup of coffee with bitcoin or repairing your vehicles in real life right? as long as there is a merchant ready to accept bitcoin you can do it even in real life. it's just the matter of time where the adoption could spread evenly and people realize the urgency to use bitcoin as their primary currency in the future. i think currently most of the shopkeepers are not ready to accept bitcoin for shopping in fact they themselves do not have any idea about bitcoin, but i am sure that when they will know about it then we can expect that they will start accepting bitcoin, i think we need to introduce bitcoin in our area if we want to make bitcoin popular in our area and if we are welling to use bitcoin in our local shops for shopping. Other than shopkeeper are reluctant to accept payments with bitcoin. bitcoin users are still rare who want to use bitcoin for currency and shopping. I think it's fair because the fee to do the transaction in bitcoin is very expensive you know. even more than 1$ for one transaction? who wants to shop with such expensive fee? while using cash money you can shop as much as anything without using a fee. I think that's why cash is better than bitcoin.. |
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Is it better to save money in bank or invest it online, in real estate or maybe gold?
Depending on if I think you want to invest online for what it used to be, and the purpose for what, in my opinion better in the tube in the bank, more secure certainly Invest your money in bank is an old thinking. You can't get more profit if you only investing on bank which will pay you around 1-1.5% interest annually. I pefer go to some promising ICOs or bitcoin because your investment likely will be growing. Yeah Lol investing in a bank or expecting a profit from interest in a bank is an old-fashioned way. you'll only earn interest below 3% annually (depending on which bank you choose). different if you use a bank to plan your money. and you're using other methods to invest. may be like buying a potential ICO. but make sure you understand how it works because it's quite risky |
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Although users are increasing sharply, but I'm not sure bitcoin will be used almost people in 2022. because there is not enough time to socialize the use of bitcoin so bitcoin can not be used by many people.
The remaining years before 2022 is not enough for bitcoin to get accepted by all of the people in the world because there are still people who are not interested in bitcoin and they don't want to get involved in bitcoin because of its risky environment and that is why i think bitcoin will not be able to make it in 2022. Surely 5 years is not enough to earn billions of people in the world? do you know that bitcoin users do not currently reach 10 million users right now, even I doubt the number of users has reached 5 million users or not? while bitcoin has been 8 years old. with a record it is impossible 5 years ahead impossible bitcoin can have users cover all the people in the world? while the number of people in the world is billions of people |
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We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?
I'm not sure that in bitcoin there is a corruption. Maybe there's none. It could be either scam. All managers here in this forum have their own perspective for the successful of their project and if corruption exists here maybe their project fail. Bitcoins are very safe to sue and corruption is associated with them just by haters who can’t see bitcoins knocking out their shitty coins. Bitcoins are helping to improve the economies of the countries and here some dumb people are trying to make people scare of digital world and bitcoins by associating corruption with them. Even if you say that corruption is just the opinion of the haters. I think it is wrong. i myself admit that bitcoin is used for illegal activities. such as corruption, money laundering, etc. although it is not seen because of an anonymous factor but it is true. for example a few years ago there was a criminal who wanted to bomb in a mall. he asked for a 100 btc ransom (to keep his identity uncovered) to disable the bomb. it's a simple example.. |
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Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!
My answer is very simple. If I have many bitcoins, of course I will save it. Spending bitcoins are really bad decision and I can say that it is better to save our bitcoins than to spend it. Spending is not a bad decision as you are earning it so that you can spend it sometimes or even sell it at higher profits and if you will never sell then you will never enjoy the profits so if its giving you good profits on your investment then there is nothing wrong in selling a small part of it. Spending is not a problem for fun but do it wisely and not excessively dude. and one thing you must know. if you want to shopping make sure you use the money you get from the profits not from the venture capital you set up. use a few percent of the profits you get for spending and having fun if you want it. I think it does not matter |
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I choose bitcoin because the of the main reason that I can get the opportunity to invest, I have never been an investor in my entire life except when I found bitcoin, it gives us the ease to invest as it does not require us to comply with the regulatory requirement.
Because why would you not choose it. Besides being an asset it will be a digital currency that will give you the opportunity to invest and to have savings. Bitcoin will always be a great help in every peoples live. It will not just help you financial life but also your social life. And also some of you attitude. I don't agree to improving or helping you in your social life because when you are a bitcoin user then you will have a lot of time that needed to be focus in bitcoin and the time will come that you will not be able to deal with your friends and the other people in your town so it is against or opposite because you need to sacrifice your social life to gain better financial cash flow. Thats right. I think most of bitcoin users will spend more of their time in front of the laptop. for example me, I'm almost spend 12 hours in front of the laptop to earn bitcoin. so automatically I do not have much time to chat and interact with the surrounding community, it means my social life is not good. but I think that is the risk right ? |
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It's a conspiracy that all the countries will be having a one world currency and I guess that is bitcoin. I'm not so sure with that guess of mine, I've just read something about it and I'm not good with those things. Well if that happens all transactions will be easier and we can wherever we want as there will be one currency, no need to exchange.
Of course this will provide variety of convenience to everyone in doing business in various countries because with one currency can perform various financial transactions, but for the realization i also have the same views with you it seems that it will take time for legalization bitcoin as the international currency The convenience is real and transactions will be on an instant way like there's no need for so much waiting time when we are about to do bank wire transfer. And with bitcoin, we can just wait for a while for the confirmation. For the legalization of bitcoin, it's already on its way. Other countries did made bitcoin legal and safe to use. There will certainly be ease in doing transactions. wherever you are. whichever country you go. you do not have to go to exchanger to exchange your money into local currency. you can already use your currency directly to spend. but it is not an idea that can happen. every country will have its own currency because it is to regulate their economies. because the local currency is not just for use as a buying and selling tool |
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Hi im still a newbie but one of my friend says trading and investing are so risky so dont try if you dont have a lot of experience about that . he said to me that im going to earn more bitcoin then soon he will teach me to know all about trading and investing  There is a risk in any financial activity. Your friend warned you right. You are a beginner, so you must be very careful in investing and trading. First, do not take independent decisions, but trust your friend, who is probably an experienced and successful person. Then you will gain experience and will independently earn money I agree. Especially trading is riskier than investing. You can lose lots of many before earning some. Investing can also risky. If you invest your money to a wrong coin you can lose again. Even the coin can be true but the timing can be wrong, again you lose some money. I can also suggest you to trade but very very low amount like $1 for some good experience. I think both of them have different levels of risk depending on the particular thing, for example when you have more knowledge about cryptocurrency market and have more skill in doing price analysis on the market of course the risk to trade may be much less than investment. the point is to choose according to the skills you have between trading or investment |
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I think you should hold your bitcoin and wait for it to grow maybe in that way you can have some steady income but you can join in some signature campaigns too and it is a help.
Maybe earning bitcoin everyday can make fit the question or topic of steady income. But a sure steady income is if you have a job. And then you can double your earnings if you will have a sideline job like this. Doing bitcoin gives us much more. I am holding my bitcoin until it doubles and have a high value. Agree, a stable job will bring steady income, and this job is often our main job in life, it helps us earn a monthly income and maintain our daily living expenses. Job with bitcoin or any online job will only bring us additional income, it can not be stable because in those jobs there is always existed factor is luck, and luck is unpredictable, so the best way to have a steady income is a work in real life, to be paid in cash One of the reasons why bitcoin can not be made as a steady income is because of the fluctuating bitcoin price so you will not always get a steady income every month. if you want to earn a steady income you can work on an institution, agency, company, etc. where you have to be an employee to earn a steady income each month.. |
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Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
I don't think so sir. Honestly, having an unstable price of bitcoin is my most favorite feature of it. Because of its unstable price, it is possible for it to pump and dump. We all know that bitcoin price is continuously increasing, maybe it will dump but just a small amount. Yeah unstable price is a favorite thing for most bitcoin users. because you also know that most bitcoin users are investors and traders where they join in hoping to get a quick profit of course with the help of an unstable or volatile price. but if the price becomes stable of course many people will lose their quick income? then what will they do? might be looking for another cryptocurrency that still has an unstable price to get quick profits again |
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Of course it can be, bitcoin can be used by all circles of society no matter what their position and status in their own country. everyone would be interested in bitcoin especially with high prices, people who have not used bitcoin because they do not understand or do not know the benefits of bitcoin actually.
Yes, there is no discrimination in usage of bitcoin. Whether it's poor or rich doesn't matter, who has got the knowledge about it can make use of it for good things. This eventually make them understand better about bitcoin as well the different other digital assets available for usage. This is what I like most about bitcoins that they are for everyone. They are not limited to any particular country, state, race, creed etc. anyone who is in need of money and knows operating computers and internet can take advantage from bitcoins. Bitcoins serve all with profits without any discrimination. Bitcoin is for anyone. everyone in many countries is free to use bitcoin without exception there are no rules and restrictions and that's what makes a lot of people call bitcoin a currency of freedom. but even so bitcoin can only be accessed using the internet while some circles in a society do not even know the internet even the lower class society do not have access to use the internet? |
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