as you can see that the price of bitcoin is increasing very rapidly and it is expecting that the price can this time make a new all time high record, so to me still it is good time to invest in bitcoin for making money, i think you should not wast any more time and invest in bitcoin right now.
Right, we should not waste our time and purchase some bitcoin as soon as possible. The price is starting to rally and if we do not have bitcoin now, we will miss the opportunity to earn big. Last year when the price is at 400, some people have doubts to buy and missed the opportunity. Do not make the same mistake again. |
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I think there is no exchange websites without withdrawal fees, but there is some ones having low fees. The exchange admins need to earn money as well, and they earn from the deposit and withdrawals fees.
Right, the best choice he have is to use exchange sites with lower fees. The fees on exchange sites are necessery to keep the site.running. without fees, there is no way exchange sites will be able to pay their expenses. |
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I put most of my money into bitcoin how about you?
I don't. It is bad practice in investing to put all or most of your money on a single investment like bitcoin. I can allocate up to 10% but never more. Most of the bitcoins I have are payment from my signature campaign. |
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I know many of us are holding some bitcoinsin our wallets and still waiting for more high price to exchage. But we cannot predict the price motion of BTC five to ten years from now. It may increase more to its highest possible price or may go back to its original price. Can saving BTC be good in the future to spend?
It depends on what you believe. All we have here is speculation so no one can give you solid answers. Personally, I believe saving bitcoins is good for saving for future use because I lose trust in fiat system. And I believe bitcoin is the future. If you believe the same too, then save your bitcoins. Otherwise, spend it as you get it. No one can stop you from doing it. |
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When I needed money urgently I sell my collection of knives. Some of these are extremely expensive. I sell them to those who will appreciate and understand them in the sense
But when it comes to selling things its very hard to find a buyer instantly and as we need money desperately there is a full chance that we may compromise with the price and sell at lower price which will result in loss. That is something we have to accept because we are the ones in need. And some people even take advantage of that and will force us to sell at a very low price. So to avoid this circumstances, we really need to manage our finances so that we have something save for times like this. |
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I risked people and my strategy too adventurous. I like projects which promise a large percentage of the profits. Sometimes I lose money. But not often. Most often I have time to bring them in
Yeah, especially ICOs which most of the time turn out to become very profitable after official of the coin. But not all ICOs are successful and you can lose your investments short term. Sometimes, if you hold the coin for quite some time and the price increases then you would have recovered your invested money and perhaps even ROI. Just my opinion.  But you must be careful on investing on ICO. Some of them are just for scam purposes. You must research the new coins carefully and be sure that they are backed with real developers and not just want to squeeze some money out of you. |
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I was thinking about this, what if the US Dollar crashes like speculated by many renowned economists around the world?
What will be it's affects on the beloved currency, BTC?
If the Dollar crashes then there is nothing that people are going to do but it is going to effect the Bitcoin trading because most people trade in for the US Dollar I'm afraid that most people are trading Bitcoin for the Chinese Yuan nowadays, and I also heavily suspect that the BTC-CNY trading volumes are orders of magnitude higher than those of the BTC-USD pair (in Bitcoin terms apparently). If you feel unsure about the reality of this, you may want to check for yourself at coinmarketcap.com. Just in case, the daily trading volume of the top 5 Chinese exchanges that trade only BTC-CNY and LTC-CNY pairs exceeds 4M bitcoins. Which makes up about one fourth of all bitcoins mined up to date. It should be evident by now that the US dollar is not the only pebble on this Bitcoin beach... Not even speaking of how far is it from being the biggest one at that China is progressing now so I am not surprise if the volume increases, and they have also the biggest mining businesses in the world so I guess it would be a competition for the china and the US now for the biggest volume of ownership of the total bitcoins in the market. No doubt the Chinese will win this competition. They have the largest bitcoin mining sites and I think they also have the biggest population using bitcoin. I think I am fine with it as long as they do not manipulate the price of bitcoin. |
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no i think i will sell my bitcoins when i fell to sell it and when the price of bitcoin reach to its maximum price, then i will sell my bitcoins and will book the profit, but presently i am really not in favour of selling my bitcoins, as to me the price of bitcoin is still increasing.
Actually everyone likes to sell their coins when the price of bitcoin grows to a good extent but not everyone can hold all their coins till that time, i also wanted to never sell my coins but i needed some money so i had to do that and now again i'm collecting and storing for future. It depends on the need of the person holding the coins. They may be some unplanned expenses that will arise and you will have no option but spend your bitcoins. Besides, you cannot know what will be the maximum price of bitcoin will be, so dumping when the price is still high enough is okay for me as long as it is spent wisely. |
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life will be a hell if you do not care about yourself and too much working is not good for your heath so if you make a schedule and starts to follow it everyday then you will have a better control in your life and if will be happy too
You are right. Everything should be balance. Balance your work and social life. Your love life and your career. To much of one thing is bad. even if you want to be rich, working too much is bad. I don't think so becouse everyone are different. May be there are some people that do not have a choice exception keep working. Why? becouse they face the condition that forced them to keep working. They working to change condition that they faced. So after the condition is going to be better they can life like a normal people like you said. Bitcoin was affect their life a lot, and change their bad condition. We all have different situations in life but we all have a body that have limits. It is not good to abuse that limit and overwork yourself. Even what situation you have, you need to balance your activities so you will not overwork yourself and give you bad health. Bad health will lead to poor performance and may cause you your job that you so much need. |
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I have been buying Bitcoin for 2 reasons.
1: To increase the amount of coins I have in my cold wallets.
2: For trading purposes.
Nowadays I only buy Bitcoins for trading purposes. I have been quite successful in making profits, it allows me to generate coins without having to buy them.
I am never going to buy bitcoins becuase i know that the bitcoin will never be worth it becuase the price wont be higher than 1k each and peopel are telling me that the price is going to rise to 50k or something Your loss then. Even if it does not reach 1K dollars level, the price of bitcoin today is already worth it. 600$ is not small money. And if it rises even a bit, it is fine with me. I am earning great profit already. |
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Just wondering why people use so many Bitcoin wallets.
its all about keeping the anonymity in bitcoin,if people use the same wallet with the same address over and over then someone that knows their address can see every transaction they do. its just not safe enough the anonymity does not concern the wallet, it only concern addresses (at least that is what I understand about it). If you use the same address over and over, there is a chance that you can be traced. The only effect having multiple wallet is that you can divide your bitcoins into different wallets so if one is hacked, not all bitcoins are lost. |
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The question is, do you want Facebook to know your bitcoin address and see all your transactions?
In my opinion, I would not let that happen. One of the reasons why I used bitcoin is because of anonymity.
I agree, actually I found Facebook very annoying these days, too much advertisement that it took much time to load especially in a country where the internet system is too slow. And yes I won't let Facebook monitor my bitcoin address and all my transaction. And even if Facebook allow bitcoin integration I won't be using it because of the said issue. Yeah, facebook already knows too much about our personal lives, we do not want it know about our bitcoin addresses and everything bitcoin related. There is too much being shared in bitcoin already, I do not want to add bitcoin with it. |
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i can earn only 0.005 bitcoin per day but its not always that amount sometimes higher or lower, but thats not bad, i think better earn small than nothing  Exactly, earning small is better than not earning anything, me too earn around 0.007btc a day and i feel that is a good some for me right now as i don't have any big source of incomes like trading or something else, if i had a good enough capital for trading then i would have been earning way more than that. 0.007 btc per day is already a good income for a part time job if you live here in my country. Trading is not a fix income so you really cannot be sure that you will be earning more. You can lose and have less income. |
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I don't know about you, but I think most people here in this BITCOIN forum cares about bitcoins. Even if someone says they only use bitcoin because of using bitcoin just to receive money, they should still care about price inflation and deflation since it can heavily affect their bitcoin wealth.
As you said, they care about price inflation/deflation, not about bitcoin itself. Do they care about the block size? ... the future of bitcoin? It's origin? Have they read the whitepaper of blockchain and bitcoin? If they do, they care. If not, they're just here for the money. |
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The question is, do you want Facebook to know your bitcoin address and see all your transactions?
In my opinion, I would not let that happen. One of the reasons why I used bitcoin is because of anonymity.
Well, if we're going to go mainstream, this is something you'll have to get used to. Not only that but if Bitcoin is to be recognized and accepted as a currency worldwide, people using it cannot remain anonymous. Your real identity will have to be linked to your wallet address. They probably could still allow some level of anonymity, like for example regular people don't need to know who you are but the authorities/government will definitely know your identity. I want bitcoin because of its anonymity and now you are telling us that if it goes mainstream we wil have to divulge our true identity? I don't think many will like that idea. I also do not like the idea of government knowing our identity. It is like fiats and banks all over again. |
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If that would happen then of course OI would sell all of my Bitcoin at once because there is no reason to be waiting for the Bitcoin to still get higher. I think that not only me but everybody who own a bitcoins would sell it. Correct and I don't think that there is any point in holding them at stage, so it would be a good decision to sell all coins that we have and enjoy the life and say good bye to bitcoins. It still depends. I think if bitcoin rose to that level, then it could also means that dollar is almosts worthless. Do you still want to own worthless dollars in exchange of a valuable bitcoin? I don't think so. And if bitcoin is already that high, I think there will be more merchandisers accepting bitcoin and you can use bitcoin as easily as using fiat. So there is no need to use fiat anymore. |
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Bitcoin will be used for good as well bad things the same way it happens for several years with fiat, soo nothing new here, besides its harder to trace the people who are under the dark marketplaces.
Indeed you are right but I think its logical because every currency is used for some criminal activity these days and we can do nothing about it too. I think its logical and not bad that it is used for it because we cannot do anything about it, it may even give the bitcoin a boost. of course it is a natural thing and very logical if one uses currency bitcoin for something they need, whether it's illegal or legal is up to them, the difference with another currency bitcoin is more secure and hidden, that's why I see a lot of issues who came on this matter, I think it is not a problem right ? Our only concern is we can see a big increase on the circulation of bitcoin so in that way our investment will grow, that is something we are hoping to happen as for sure the price will abruptly increase, if they are using it for illegal activities that is their problem anymore and not for bitcoin. We need to concern if someone used bitcoin for illegal activities, if the government banned this coin we will lose users and by losing user bitcoin price and transaction rate can fall down, it will cause the price to fall down There is nothing we can do if bitcoin is being used illegally. Bitcoin is the tool and the users can do anything with it, legally or illegally. We have no control over it. If the government bans it, we can't do anything about it either. We just use it at our own risk. |
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I think bitcoin will be mine-able till 2023. So after that the mining will be stopped and miners those who have already bought expensive rigs, will move to a different coin to make us of that rigs.
But then bitcoin will become a very rare and expensive coin. We can see a manifold jump in price after the last mined coin. I believe there are many people who are earning and storing bitcoin for that d-day only. I am one of them.
If miners stop mining, bitcoin system will collapse. The blockchain will be easily overridden by bad miners and can compromise the system, I think. To keep the miners, the fees will be adjusted or it will cost higher. And by that time, bitcoin will be very expensive so even a small fee will be enough to keep the miners profitable. |
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There is the possibility to help the poor countries if bitcoin will provide them resources like computers, laptop or android phone to access their system and also internet connection but if not i think it can't not all people can afford to buy gadgets instead they are prefer to buy foods and needs.
But I don't think a bitcoin company is going to do that but that is going to be a good initiative if coinbase or blockchain is going to do that. And for sure that is going to touch other big companies heart to help people who are living in poor countries. Even it is not for bitcoin but just for humanity and to help them gain more knowledge. It would really needs massive effort money and time when you intend to implement these things because giving out computers and other digital things would be costly, unless if all nations would donate cash to a single spot then it would possible but its not possible on bitcoin related companies. And it is not good to just provide everything to the needy. It is better if you teach them how to use bitcoin and let them provide for themselves what they need. If you spoon feed them, they will take your help for granted. |
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im buying bitcoin when i thinking the price will be rising again..
for me buying bitcoin is a good method to growing my money
That is a good move for short term investment because we can easily predict the price of bitcoin when it started to rise, that will continue so at the first sign we notice the price is rising, we should automatically buy and just sell when it started to stable again. I think it is the opposite. We should buy when the price is dipping, so when it starts to rise, we are ready to sell. When you buy when it is rising already, then you will miss some opportunity to buy on the low price. |
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