I mostly buy online with Bitcoin, use it for gaming to buy in game currency and from time to time to buy drink at one coffee shop near my place.
Maybe in the future there are many stores and businesses what will accept bitcoin, they are already aware but they still in doubt due to the price volatility, when the time comes that the price of bitcoin will be stable, maybe even in department stores they will accept bitcoin as a form of payment so that would be convenient to us. and also the legality of bitcoin that is scaring some. I hope someday what you said will come true so we can easily spend our bitcoins the way we want it spent. |
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Banking Industry will not disapear. They will adapt to new technology, even cryptocurrencies. When all people use cryptocurrency , of course the bankers will put a lot of investment in cryptocurrencies so the technology of banking will follow the developpment of cryptocurrency.
Why would bank use cryptocurrency? They cannot control it, it is the exact opposite of bank where they operate base on trust while crypto is trustless. I think banks will not disappear though even if crypto become the major thing. that's right because there's still many people who doesn't want to take a risk they wont let their money to be at stake if they can only realized how the bank works but there's a lots of things to work out with btc before people will embrace the potentials. Banks have been here for a very long time that people have developed a blind trust in it that is why do not care what the banks are doing in our money. If they understand this, they will absolutely switch to bitcoin. |
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Bitcoin as a salary will be way to risky and most employees will not accept it. The price is way too volatile and if it crashes people will lose their money a day. I don't think that the people will take the risk. People will definitely not trust bitcoin as it seems so complicated to all the newcomers.
To newcomers or new to bitcoin, it will look very risky and complicated. But I think for those who are already used to receiving bitcoins, it will be different. It is quite a risk to take all your salary in bitcoin, but I think if you get half in bitcoin and half in fiat, the risk is minimized. And some of us can live with that. |
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I'll invest it in a real business in the real world. Online businesses may be lucrative, but it's hard as f*ck to discover something profitable.
I'd probably sell food. Build a small restaurant in my area. Cook delicious food I know and serve. I'll make people happy with food and make them smile. In the end, I get money and make people happy with my cooking.
Or... buy hookers, alcohol, drugs, guns, etc. The fun things in life. LOL
Good idea starting a business in real life. I think a small eatery will take less than 10 bitcoin to start with so you will still have some bitcoins left to get hookers, alcohol, drugs and guns. If you get a chance to realize your idea, go for it and good luck. |
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There is absolutely no point to a bitcoin bank. A bitcoin bank is a wallet that's all! Bank is the plague of the world and btc is the cure!
But maybe if you have interest? Placing your bitcoins in a bank and every month you get, let's say, about 2% of the total sum. Wouldyou use the bitcoin bank then? No banks, even bitcoin banks, will give you 2% interest monthly unless they wanted to be broke on their first year. The bank you are imagining sound more like a ponzi than a bank. |
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We can not calculate all the people do not care about bitcoin even the people who are really care about bitcoin, me, myself and I i really care about bitcoin because it is my other source of income that will gives me good profit every week.
We cannot calculate the exact number but we can guess that most of the people now in the forum are here for the money from bitcoin and not because of bitcoin itself or the blockchain. At least that is what I am observing. |
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For me getting paid into bitcoin would be just a problem, because i will have to sell all the payment to cover my bills, soo in the end even with price fluctuating above the payment time, i will be forced to loose a comission to the exchange, soo no, not interested into such payment.
Finally someone that is saying something that makes sense in this thread. Bitcoin as main salary for the majority of the people will only result in problems and annoyances due to the lack of acceptance and the high volatility. If you want Bitcoin, then simply buy it with a certain portion of your salary, and you'll be fine. No need to have Bitcoin as main salary. There just less than 30% people in the world who knew about bitcoin so it is hard to use bitcoin without covert it in to fiat. Anyway I was recieve my salary in bitcoin from joining signature campaign. Also so many new people begin to use bitcoin everyday. How can you consider signature campaign earnings to be some sort of a salary for you? I see earnings from my signature campaign as a nice extra bonus, and that's it. I think that's how you should look at it too. It is a salary technically because you are getting paid doing it. If it is a bonus, then you should not be doing anything but you still receive money.the only thing is, it is not your main source of income. It is just a part time or extra income. |
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I would have committed suicide because at 10k I would have spent all my bitcoins. I will be full of regrets not holding even just 1 btc. Seriously, I do not think that will happen. Gold has been here longer and its price is just over 1200$. Yeah no one will prefer to hold their coins that long and I am sure that most of the users will sell their coins when they will see the price of $1k in coming years and grab the profits. but i am not going sell even if the price reach to 1K. Because to me the price is really going make a new historical record and we are going to see the price above 1200 USD at the end of this year or just in start of next year. That is just pure speculation and wishful thinking. There is even no sign up to date that suggests that it will break new all time high this year or early next year. I would like that to happen but I am just realistic. And if it happens, then I think it is pure manipulation. |
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Some people think that it is better to have Bitcoin instead of cash because the value of the Bitcoin can go up which can lead to more cash in the end.
But at the moment I would go with cash because you can use cash at more places then Bitcoin for sure.
That would mean bitcoin is just for investment and cash for immediate expanses. That would make sense because there is not much places you can spend your bitcoins directly. |
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Many people say that you should never sell your bitcoin because the price in the future is going to be worth not selling at the moment.
I do not think that selling at the moment is wrong because maybe Bitcoin would die and you have sold nothing then you have wasted your time.
If you are making profits with current price then there is nothing wrong in selling them and instead of listening to others you should follow your gut feeling and if you never sell your coins then you will never enjoy the profits. If all your after is the profit in dollars then you can sell whenever you have profit and buy again when the price is low, rinse, repeat. But if you believe in bitcoin and not just because of the price, then you will keep your bitcoin so you'll have coins when the primary currency is bitcoin. |
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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. |
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Well my friends, I'm not selling until it reaches 10,000 dollars. and I mean it . So someone better buy them from me right now.
Wow, you are too tight on holding your coins...  Your plan is really a good plan to get rich... However, your goal was too high I think... $10,000 would also mean atleast 10 years? It doesn't make sense keeping your coins without enjoying the benefit that you can get from it... His goal might not even come true. I am positive that bitcoin will be very expensive in the future but I do not think it will be that high. I think it is more feasible if he earns 1000 bitcoins and wait for the price to get to 1000$. |
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Banking Industry will not disapear. They will adapt to new technology, even cryptocurrencies. When all people use cryptocurrency , of course the bankers will put a lot of investment in cryptocurrencies so the technology of banking will follow the developpment of cryptocurrency.
Why would bank use cryptocurrency? They cannot control it, it is the exact opposite of bank where they operate base on trust while crypto is trustless. I think banks will not disappear though even if crypto become the major thing. |
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Currently I am jobless and have very few amount of satoshis from here now doing searching some online work for some better income hope I will have in near future and then can earn over 0.01 per day which could be very good for me right now
0.01 is equal to 6$ and if somebody could earn that much it would be just perfect for him. but for earning that much you need to do hard work and get some good skills. I think it is very simple dream I hope you can get it. but I will tell you this. if you live in Europe you will find many people who earn at least 5 digits each month. Do not you want it, so work hard at any your job included in bitcoin That is for European, but for Asians, it is hard to earn 5 digits per month unless you are on the top of the company. And it is hard to get to the top. But of course, nothing is impossible if you do hard work. Yup its hard to find good job with good salary especially in Asian countries, I am post graduate but still not finding good job that can give me good living and comparatively I am earning higher in bitcoins. Education does not mean getting paid higher nowadays. If you are earning better in bitcoin, then you should focus on it. Earning potential in bitcoin is endless anyway. Unlike getting employed, you just get what your employer wants to give you. |
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How safe is it?
Im not sure if you want to invest your money with bitcoin but bitcoin is really trust worthy you wont regret it once you choosen bitcoin as your personal currency if you are going to invest money then you should learn more about tradings it can help you out to growing money or bitcoins here. We can't guarantee safety to invest in long term with bitcoin. Because if you are going to hold for a long time. There are sometime that the price as you hold it or invest with it, the price is going to increase and decrease so that is where the safety I'm talking about because you don't have assurance that you are going to be able to get profit with it. Nothing is assured as long as an investment is concern. YOu can lose or gain money on any investment, long term or short term. If you are confident that bitcoin can be profitable long term, then go for it. If you believe otherwise, then don't. Invest on other things. |
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Just stopped for a while because of the higher price. Maybe I will wait more time to sell then buy back if ever it will go down. If not then just earn it again.
I don't think that price is too high at a moment and if you can manage to hold them for next couple of years then I think this is good price to buy as price will rise in future which will bring good profits for us. If I must be honest I think that the price is too high to buy and that we should not do it right now with this future. It will maybe go to a higher price but the fact is that its not worth due to the fact, the profit would be less more. The price is still way below the ATH. So I think it is still safe to buy bitcoins right now if you are going to hold for long term anyway. The price may go back to 1K in a few years or even just 800 just like last April, it is still profit. |
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Not for now cause im just only starting to earn bitcoins here in the forum. I will buy cellphone using my bitcoin if i have enough btc. But i will need 3 months in order to buy a cheap one.
I also have a desire to buy something. I want to buy a house real estate yeah there is a third party he was also my friend who is ready to sell his house and he accepts bitcoin as a payment, I'm frugal. and save my bitcoin to buy it That is quite a dream, buying a house using bitcoin. That will take a lot of time before that happen unless bitcoin suddenly becomes really high price. Good luck with your dream and hope it come true soon. |
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I am eager to quit my job for Bitcoin.But the only problem is that i dont get enough money to start my living with bitcoin.Just now, i have started trading.I hope by next year, i would be able to quit my boring job with the help of Bitcoins.
Everyone wants to quit job but they don't get enough amount from bitcoins that's why they stick to their full time jobs, and if you quit your job for trading then make sure there is a risk in trading, if you will loose your investment then what would you do because you don't have your job at that time, so quitting job for full time working on bitcoin is not a good decision. Yeah and if you are quitting your job only for trading then its not a smart decision as you don't need full time to spend on trading and you can do it in part time or also during your office hours. But if he can earn well in trading, he does not have to do anything else. Just like those professional traders are doing in forex or in stocks, they do nothing else but they still earn a lot. They just focus their energy into trading. |
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Im not buying bitcoins because we all know and some of us are depending on signature campaign and we get it for free and for me signature campaign is one of the good source to earn and we can really use it for capital in trading.
We are not getting it for free, we buy it with our time and effort. It is free if we receive it without doing anything. It takes time to have a good.capital in trading if the only source is signature campaign. But you are right, sig campaign is a.decent source of bitcoin. If you do not want to spend fiat, it is best to work for it to earn bitcoin. |
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Yes. I am so much willing to accept bitcoin as my salary.
Bitcoin has its own value.
We don't have to compare it with the other coins because bitcoin is far differ from them.
Not now but I think that I would be willing to accept it in the future if it is more popular and able to use at more stores. At this moment it would not be handy for me because my country does not accept it. Yeah we can go for it in future when bitcoin gains more popularity and widely accepted as at that point we don't have to exchange it to fiat for spending so that will be an advantage for us. I am getting paid in some job in dollars and I have to exchange it to local currency. I get paid in bitcoin in my signature campaign, and I have no problem exchanging it to fiat. I think I have no problem receiving salary on different currencies. If we do not start accepting bitcoin now, there will be less chance merchandiser will be accepting bitcoin soon. |
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