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I think two wallet is enough. One cold wallet to store most of your coins and one online wallet where you put bitcoins that you can access and spend easily. Any more wallet is just redundancy and will just expose you if you are using same password for all your wallets.
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Bitcoin is a good source of extra income and a great form of investment, be it short or long term. In the few months that I have been active with bitcoin, I am able to earn some amount that has somehow helped me augment my finances. I hope I could continue to earn a little even if I don't have too much time being in the forums.
Yep yep bitcoin is a good source income if we are in signature campaign because we can earn free bitcoin by just posting and we need to post regularity to get payed per week depends on the signature campaign you in investment in short term are good but don't make it for long term because 100% you will get scammed. You will only get scammed if you invest on ponzi sites. So avoid those types of investment and you should be fine. You will earn faster if you have investments so do not be discourage to invest even if others are telling you that you will be 100% scammed in bitcoin investments. |
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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$. |
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I was doing some cleaning on my room and I found some floppy disks, they are around 15 years old! from the Sony brand. I don't have a floppy disk device anymore on my computer, so I used an older computer because I was curious to see if they would still work. To my surprise, they worked and all the files were accessible. This made me think that, you could store some Bitcoin related stuff in floppy disks too? Obviously having backups in other places too.. but floppy disks may be yet another cheap way to store files. If I put my seed key in a txt (compressed in a 7z file with a pass) and my wallet.dat file on that floppy disk, it would have lasted for 15 years. I hope that if I do this, in the next 15 years when I find the floppy disks again, I will be rich  why dont you think that floppy disk cant safe to store your coins i dont think that is true because i think that all kind of hard drivers can safe store your coins because i am doing it by my sslef because i dont trust wallets. Because floppy disks are easily corrupted and you also have to keep a very old computer so you can open it in the future (if it is not corrupted yet) . I think keeping your backup on multiple secure location is the best way to keep it safe. |
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Holding bitcoins for a few years is a bit risky and too long imo. We don't know what happen to bitcoin on that years. For me better spend your bitcoin for invest in bitcoin for short-term
Sometimes the risk is worth the take. Like when you risk your money in 2015 when the price is just above 200, you will be reaping great profits now. If you are a person who cannot take risk, then it is better to spend them so you can have peace of mind. But if you are a risk taker, then it can be profitable too. |
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Off course does the price of the bitcoin matters do you think you can buy something with the bitcoin and the price is not ok than you are not
able to buy that object becuase you have to less money.
The price of bitcoin really matter and very important. but the reason you mentioned is not valid for me. the price is not important because you can buy something with this.. this is not matter of price this is matter of bitcoin's demand and acceptability. you can buy things because people accept bitcoin.. you can still buy everything if bitcoin price is 200 or 300. I think he means that if the price of bitcoin is lower, it will be costing you more to buy something using bitcoin. That is why bitcoin price matters, because in the end, it will all be about the purchasing power of bitcoin. |
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Unfortunately, right now trading is not making people much money because the price is too stable. A better way to add bitcoin during tight trading ranges is by lending. I choose to do a combination of lending and trading.
In bitcoin yes the price is almost stable but with greater number of it you could feel the surge. In altcoin though, there is always a lot of movement. It fluctuates everytime because of the cheaper price, a lot could afford it and the demands goes up. It would not be and ideal to trade on bitcoin if you do have only small amounts on it because you wouldnt really feel the profit when you intend to sell. Yes bitcoin price is somehow stable for now and only moves a little compared to altcoins which you could somehow make decent profits if you correctly invested to a certain potential coin though. when we trade, it is always a good way to have a big bankroll in order to get some significant amount of profit. Otherwise, you need to value and be happy even in a small amount of profit. When you get the hang of it and is now comfortable with your betting, then it is high time to invest more to your bankroll and apply your strategies. If you proven yourself already that you can make money in trading you can always start with a bigger bankroll, there are many ways you can do in order for you to raise a big amount of money even borrowing from bank if you can guarantee that you will make regular profit. I do not suggest that you borrow money as a starting capital for trading. It is better if it is saved money or money that you can afford to lose. If you borrow money, the interest will add to what is supposed to be profit and trading is not a consistent income so having monthly interest is an added burden. Even small income is better because you can save those small profit and for future bigger bankroll. |
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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. |
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I don't think you can really find many jobs that pay you in Bitcoin, if not none at all. The best way to have a steady income is to just get a job and have ambition, or start a business and the good profit will come in time with it.
You are right, there are very few jobs that pay in bitcoin. But since bitcoin is very young, there are tons of potential opportunities you can earn from it. If you are an entrepreneur, I think you can find opportunities in it. But if you are just a normal employee type, I guess you have to look outside of bitcoin for a steady income. All you can get here are just enough for a part time job or extra income. |
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well i know someone that is earning $250 per month just on trading and signature campaign, he also does mining so probably he is gaining $300 per month which is i think was a decent amount right?
That is a decent amount alright. If you can do that constantly and add the earning from your day job, you will be well off. But earning from trading is not a constant thing so be careful. If you are planning to quit your day job, better consider everything before doing it. |
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I'm definitely convinced that it's more interesting, currently, to invest in the silver instead of gold.
we are talking here about investing in gold or bitcoin and you are advising to invest in silver instead  the price of gold has risen many folds in the past few years and yes it might be a risky investment if you are to invest now,my suggestion is you can have both in your portfolio rather than sticking into one investment He is right. It is riskier to throw all your money on one investment. But if you put some on gold and some on bitcoin, you are minimizing your risk and that is a better option than just getting one of them. |
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You didn't do wrong. You've spent your coin in a way that you really want it and your coins not just went wasted but it goes on everything that you've spent with it like what you've said. You've sold your coins for 200 USD to have an high end PC, you know what I mean? The bitcoins that you've just sold is the PC that you're going to have or you already have, you can see it everyday and every time that you will use it, so you did not do anything wrong. You've just achieve one of your dreams with bitcoins.  The only thing that can make his action wrong is when he have regrets doing it. But if he is satisfied with what he have, even if the price went really high, and he have no regrets, then what he did is good for him. At least for himself it is the right thing to do. |
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Investing in the bitcoin is good for the future of yourself and also good for the bitcoin plus you will make profit without any doubts.
Most of the time its just patience we need to make profit with the bitcoin itself, because its unstable.
You are right and the best way to invest your bitcoins would be in trading because there are a lot of ways to invest your bitcoins. But there are also some scam investments so beware. And if you don't want to invest in trading then you may try to invest with casino's or you may try to be an investor of bitvest. But there is still a choice if you don't want to invest in casino and trading, that would be by simply holding it. I'm afraid to invest in Bitcoin casino. There are a lot of scams. It is better to trade on the stock exchange, although there are their risks. Sometimes it is hard to notice which one is a scam or not, so you need a vigilant eye to see which is which. There are a lot of legit bitcoin casino that have investment opportunities in them. You need to look hard to see them. Whether you do stock exchange or casino investments, you will have to take risk. Only if you take risk that you can make good money or bitcoin. |
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I think it's really matter for trader and investor at bitcoin, because the price of bitcoin is really affect the bitcoin itself for sure. If the price goes up, it will give a good affect into bitcoins.
I think it is the other way around. The price goes up because of the good things happening to bitcoin. All the good news revolving around bitcoin late is driving the price up. And as the price goes up, more people want bitcoin. So as long as the development is going and doing good, it will give bitcoin higher price and more people adopting. |
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Most of us are pursuing the goal of achieving a financially independent life with Bitcoin.
So the question is, have you already reached your financial goals and/or become a USD millionaire through Bitcoin?
Not yet, still very far from my goal. There are still a lot to learn and a lot to earn from bitcoin. I do not think I will be a USD millionaire but I would like to be one if given the chance. But for now, my focus is on earning bitcoin as much as I can and ride the volatility and hope to earn from it. |
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save money or investing money? I agree with most of the opinion on this thread. I prefer to invest. why invest? because we invest, then money we will continue to increase
Some of opinion on this thread are really full of b.s and some are nonsense if they want to save money why they going to risk there money on investment website it is much more better if his going to choose trading instead of investment because in invesment are not really good you could lose money there. You can also lose money on your trades, and you cannot deny that. Both have risks, the important thing is managing those risks and making wise decisions. Whether you trade, invest or save, execution is vital. Study, analyze and execute properly is the way to earn in investment or trading. |
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You didn't miss anything, the price is like that for a month already - a bit higher that 600$ or a bit lower. It didn't make any serious rise or fall for pretty long period and it is normally that some people start to worry. But I think it is just the moment and bitcoin will continue it's rise. The best thing that you can do now is chill out and wait.
Good advice, anybody serious in this game needs to chill. It's a waiting game, people need to have the stomach to sit it out, chill & wait for the next inevitable price rise. Patience is exactly what a lot people here are missing. If the price doesn't move in a matter of a few weeks, then they get bored and start putting their nose into altcoins. You are right and as a matter of fact, the price is starting to move upward already. After weeks of going a straight line, it is finally moving upward. Maybe in a few more weeks it will burst up and it is selling season for those who have patience to wait for profit. |
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If the value of US Dollar crashed the economy of the entire world will also down as most of the countries depend on USD and their economy may also depend on bitcoin therefore if the USD crashed it will effect all most all the economies of the world.
Nope I do think so, because if we see the crises in US dollars it would affect the USA region only. I think other countries would be safe I'm their economic balance. I think USA government may adopt the bitcoin that time make as the national currency. the impact of the currency fall only slightly to the economy of the country as a example GBP now is currently falling but the British economy is still pretty good and it will be same with usd if usd fall does not mean usa economic will collapse. You are right. Having a weaker currency does not mean that a country is collapsing. But that can also means that it is lagging behind. If the currency is weaker that another currency, it can mean that it is weakening or the other currency is getting stronger. |
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The most important thing to aim! Clearly define how much you need to raise funds and in what period of time. Then look for additional sources of income
In addition you want to increase your revenue, I think the most important thing is we have to learn to live simple, so we know a good way to save money. so it is not necessarily to get more money to save money. because we all have limits to get money, sometimes it's hard to get a lot of money. I think most of the rich guys I know live a simple life. They are not extravagant even though they have a lot of money. And most of the poor people I know spend their money on useless things and live like rich people though they only have few money. So you are right, living simple is a key to save money and have a good financial status. |
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The best way for a steady income is to just have a job because Bitcoin is not going to let you have a steady income because the Bitcoin is not stable at all time.
Just take a job because then you will be sure that you earn money every month.
Bitcoin is not stable it does not mean that we cannot get a steady income from bitcoin. We have saw some bigger variations in the price of bitcoin but still there are a lot of people who are getting a good benefit and a steady income from bitcoin that is why bitcoin is loved till now. I think if you want to get a fixed income in bitcoin, you do not need to think about prices in bitcoin, because prices will always go up and down and will not be stable. therefore look for a job that gives a fixed income like a signature campaign If a person find a signature campaign like your one then it will be really a fix, but yet it is not enough to earn with signature on your profile as the earnings are much lower. with that you also have to adopt some other jobs and tasks etc. Exactly, and there is always a big possibility that your signature campaign that you are currently in will stop their promotion. Maybe just find a real day job in the physical world and with that you can grow in a company that gives good benefits to their employees, that will provide job security for you. Correct signature campaign that we are participating are not for life that is why for the meantime we need to collect bitcoin to them as many as we can to have a capital for investment in other method that we can able to earn bitcoin. Earning from signature campaign is not that big but it is a good supplement to earn faster to have a capital for an investment. And the faster you can earn, the better investment you can have. It is not just having a steady income, it is having a good investment that can earn passive income that counts. All money that comes from active job is not forever, the only way to be sure of our future and have a steady income is to have a lot of investments that earn passive income. |
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