Gonna use it on my sister for her medical needs.
When I read your post I was like, oh man, this might be real. If you gave me 10 BTC I will use 5 btc capital for altcoins trading. Then I will save the others bitcoin until the price goes up.
Good thing to see that most people here that either they use the money for investment or trading. Trading is really a profitable way to earn. Trading requires initial capital and if you have 10 btc then that is a good amount to start trading, and it will also help you in growing your coins for the future. Most people just end up losing their BTC in their trades. It's better to just hold and keep having a regular job and keep buying Bitcoin for the long term, that's of course a slower way to get rich but a guaranteed one since Bitcoin will go to 100+ in the next decade. that is because most of the people are looking for a way to get rich quickly and with the least amount of effort. that is why they desperately are looking around everywhere to find a way to make big money, and that is why they invest when they read some random guy telling them it is a good time and they panic sell when the other random guy tells them to sell. |
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I am just curios how it started for you....
Did gambling get you into Bitcoin? Or did Bitcoin get you into gambling?
the second option is true about my. i have never even gambled in my life before knowing bitcoin. so i can say that bitcoin has gotten me into gambling. and now i can't even imagine gambling with anything else other than bitcoin. |
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Money to start.
Knowledge to manage.
Luck to win.
All three has their own importance and individual role in gambling. But which is most important one for gambling. Can we manage to be profitable with any one of them. What is your opinion.
i think money is the most important part of this. and other factors are far less important than your bankroll (money) if you have a deep pocket you can always cover your losses because there will be a win sometime but when you have small pocket you will soon run out of money and can not make it back with small amounts. |
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of course it is gambling. that much is obvious.
anything that you are betting on based on your guess, and you are not 100% sure of the result is a kind of gambling.
this is exactly why some peopel even consider trading as gambling, because you sometimes never know the result of your trades which makes then similar to bets.
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Investment means giving the money to someone who uses it for their business and pays you back a dividend (and you normally get some kind of share that can be sold later). Think stocks.
"Save in bank" is actually a kind of investment. You give money to the bank, they use it for their business and give you a small interest (if at all) as dividend, and you can withdraw your money. With current interest rates, this is pretty boring, the only advantage compared to keeping money in a safe at home is that it's easier to do most types of payment, and that you don't need your own safe...
Buying precious metals is not an investment because those metals won't work with the money you paid for them. It's mostly speculation (you hope that you can sell it for a higher price) and safekeeping (real value of money can fall due to inflation, while precious metals will mostly retain their "real" value). But you need to consider storage fees.
To decide which is better you need to know what you consider "good".
Do you want to maximize your ROI? Do you want to store your wealth safely? Do you want to enable entrepreneurs to build their businesses?
Onkel Paul
It is not that you are not true but there are allot of difference between people who can invest and people who can better save money it also depends about how much money someone has. Investment requires capital and capital requires savings, if you have not saved money regularly then it will be difficult to make any investment, saving is primary and investment is secondary. yeah but you don't need to save up all your life to be able to make an investment. you can make an investment even with smaller amounts, you can always find something (not necessarily bitcoin related) to invest in even with small amounts of money that you have. and with small amounts you can even find much better returns than bigger amount of money. |
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nothing is for sure when it comes to predicting bitcoin price.
especially in times when the price is not stable and like these days it is so volatile. but since the price is stopping at a very good level of >$650+ then i guess it is safe to say that this can be the bottom that bitcoin price can reach and don't go any lower than this.
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the time always changes. so you have to decide what to do based on what your plan for bitcoin is and how long you are planning to hold it.
for short term holders each day is time to buy and sell but for long term holders it is always time to buy because bitcoin is undervalues comparing to a couple of years in the future.
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Present price variation is big problem in Bitcoin. We are seeing lot of variation in last one month. Month before it was just 450$ but after that increase like a hell but now it is going to down. There is 100+$ down from yesterday so the main problem in Bitcoin is this.
i dont think that price fluctuation is a big problem to be honest, and i know that the price is going to bounce back in my opinion the biggest problem is the confirmation times because it might take a long time for transactions to be confirmed i agree. the price of bitcoin should be more stable in the future and the fluctuation is bad but not that horrible that you may thing. actually these changes are good opportunities to make a very good profit if you are aware enough to hop on. |
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As you can see now you see that Bitcoin is becoming more worth and that is because it started to rise slowly now and that is nice and you can even see now that the halving is coming also.
And many people waited already a long time until they can sell it with profit so maybe the time will be soon.
If the price rises slowly, say, 10% a month, the price will not drop too much as there is no big pump and dump. Yes thats the great thing for slow rising. The good effect for slow rising is that the price of bitcoins rises slowly and it will not fall all of sudden. This is called stability in price and this is what we all want from bitcoin. We dont want bitcoin to rise upto 1000$ all of sudden and next days dropped to 200$. We want slow rise in price just like now. Just keep your eyes pointed at what will happen directly after the block halving. I foresee some massive dumps which will cause the price to tank very hard. If the price stays around the current level after the halving, there will be no big dump. If the price rieses too fast, there will big dump. The price just rose to $740, that is another 8% of rise in the last 24 hours. Is there a bitcoin bubble forming? Looks like there is a small bubble. But if the price does not rise further, and it consolidates here, there is no bubble. The small bubble just burst. It could be good for the long term bitcoin price. It will be corrected for a few months. yeah but the fall down was not big at all. it was just small correction when you see the bigger picture here. $780 was such a big rise which happened all of a sudden and that is why it was also unstable and couldn't hold up. |
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I use blockchain.info and xapo wallet, because i use blockchain for my main wallet and my first wallet. For xapo, xapo is my 2nd wallet and i rarely use xapo.
i use blockchain.info too because it is very easy to use and it requires no knowledge to be honest also i have a cold storage wallet where i put my non usable funds in order for it not to be stolen if you want a web wallet that need absolutely no knowledge of bitcoin you can use wallets like coinbase or xapo because they even will do the fees for you and you don't need to worry about private keys and fees. but also that makes them bad because you don't have access to the private keys. i just suggested them because of being easy and newbie friendly if you want to introduce to someone who is absolutely new. |
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bitcoin is important to me because it is helping me get rid of the banking system and the need i have to them but also bitcoin is so important to me at this point because i am earning money through it so that is why i chose the speculation choice in the poll because of the trading that i do.
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no i am not rich from gambling. i am doing it just for fun.
nobody is rich from gambling here. it is a part of gambling that will always lead to losing and will never let you win anything big, especially in the long term playing all these games. it is not possible. |
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long term holding is always a good idea which is very profitable but it is best if you can buy at the bottom as much as you can and then hold it not buying at the top and then holding. because the maximum profit can only be gained if you buy at the very bottom and your mind will be at ease too.
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Now that news sources are reporting more about BTC again, are people who've never heard of BTC more likely to
1) Buy
2) Sell
the more news talks about bitcoin the more publicity it can gain, so bitcoin is getting more and more popular this way and people will start buying it because they will all want to use this chance to make some profit. |
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I want to know if it is possible to buy and sell Bitcoins with small amounts such as 1$ and earn money?
If possible, how will be my profit?
yes it is both possible and recommended to start with a small amount. i have done it this way, with starting from a very small amount you are not worried about losing anything big so you can focus on things that are more important. |
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i am mostly trying to be the first type and hold bitcoin to be able to use it in the future when the price is higher and it is accepted everywhere.
but until then i will sell some also to make some money.
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I think the only steady way to earn bitcoins online is signature campaign and faucets. For faucets it's quite low and it's not worth but on signature campaign, they rates are good.
both of them are pretty low amount for payment, so they are not good enough especially faucets that is absolutely waste of your time and you should never even consider using faucets. if you want use signature campaigns instead. |
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this looks like a good place for all of who want to feel like a whale in dice games and satisfy every single time we have ran out of bankroll by having a very huge one here.
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i couldn't agree more.
i have seen this once more before but in a smaller scale. i remember the last time eth got dumped there was a lot of money flying into bitcoin.
this time is no different and the amount of money is so much bigger, eth has already gone down ~40% which is a new dump record.
also DAO is being dumped as hard (~-65%), although it is much smaller market but still is a big dump
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So now and we are at 750$ according to preev.com rates : http://preev.com/ and we are away from the halving block reward with 22 days => http://www.bitcoinblockhalf.com/What are our chances to get the double of the current price (1500$) once the halving block reward happens? I'd like to hear some arguments if possible , not random stuff. it is a little hard to say at this point, for all we know bitcoin price can get stuck at this price of 750 for a long time just like we got stuck at $450 before. but it is also possible that we see another wave of rises that can push the price up to $1000 in notime,. |
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