Both are very promising to be used as an investment, but the price movement of gold is slower than bitcoin because the demand for bitcoin market prices often change compared to gold can even be calculated every minute while the price of the market is very slow as fast as bitcoin. But by holding gold and bitcoin for a long time it will become more precious that is most importantly patient until waiting for a high price increase.
The price of bitcoin is going very high because the adoption rate in bitcoin is much more than Gold. So having bitcoin is the best way to make good returns in quick times. If about gold then the price of gold is increasing but not that much as bitcoin price increasing. Holding Gold is a bad idea imho. So, we should invest in bitcoin to get more income in near future. |
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Bitcoin in future actually has two possibilities, the first possibility it can grow become bigger but still there is second possibility, that also it can decrease. Because like two things on the side of the coin, they can not be separated. But we must to believe bitcoin will grow up again an again.
We have to believe and have to accept the growth of bitcoin in the future because it is the fact and we will find it if we go through all the things going around the economics of bitcoin. In the coming future we can see that many of the business will be with the currency of bitcoin. The attraction to this currency is much more from the side of merchants and the traders also like this currency the most and with that things we believe that more and more people who will know about bitcoin will accept it immediately after knowing about it so if the users will increase then the use and demand will also boost up which is the proof that bitcoin will increase up in the future. Yes, people are liking bitcoins now a day to use instead cash. But those are lake of skill don't know bitcoin. Government will issue a training centers to that people will learn about bitcoin and invest into business. So bitcoin is now a days viral in the world. People are interesting to know about bitcoin. And want to invest because bitcoin is making future. |
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So far I only trade at one exchange that is Poloniex. But I am thinking of putting some funds in bittrex also as Polo has very limited number of coins and at bittrex many smaller coins are present, which have potential to give bigger returns on investments. So maybe, when I have enough balance, I will put some into bittrex too.
Are you trading only one coin at a time ? If it is the case then you may have account in one or two exchanges and based on your capital amount you may move into new exchange. When you will be finding poloniex is having very selective trading pairs, I am sure you might be needing accounts in some more exchanges. The prime reason for me to have accounts in more than 8 exchanges is, lack of availability of one particular altcoin in one exchange. |
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I have always been against such pump and dump groups. They provide you nothing but false info regarding various coins they might be interested in making some profit off. Try to avoid becoming part of them and getting involved in their shitty business. In my opinion such groups are unhealthy for altcoins or cryptocurrencies.
When there will be strong community action against those type of manipulatos, I guess we can get rid off these groups. I believe no trader should make a resolutions for not supporting market manipulations in any form. Because one day or other it will definitely backfire. Trading must be a good business but those manipulators ruining it completely. |
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To be upfront, I do save for future purposes. We are all aging and at some point, I want to settle down have my own family, House, and other basic needs in life. But at same time if I do have extra saving, I would spend it for my own luxury. Simply to reward myself somehow and in anyway.
Thinking about future is our serious responsibility it is good to earn and save for the future that may help us in future and you will not be so much worry about investment of your coming years and spending your money for fun is also good. Spend it for the games and gambling is also a kind of entertainment that will ensure we will not get depression at any point of our life. So, it is good to do. |
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I actually read this topic a few months ago, and I want to reassure you that banks will not disappear until the common currency disappears and that this will not happen. Btc is simply a digital currency. In addition, the government will not let the banking system disappear easily
I think the banks will not disappear because if the governments are going to legalize bitcoins then they will have to upgrade the banking systems according to bitcoin transactions. Every country will have bitcoin banks where they will have monitor and guide the business transactions such as sale and purchases. There must be proper system for such thing and then we can make bitcoin more popular in a very very short period of time. |
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There is nothing to deny. The growth happened just because of the faith that people had over it. Apart from this the innovation is something that has never made an evolution in the economic sector. Here the technology itself got implemented on various sectors just because of the effective functioning. This is also the reason why people have faith on it and upcoming days no fall will happen as more users have been continuously making faith on it.
Yes, it is accurate that the invention of this currency has change economic sector and in near future this currency will be the backbone of every day life. The countries development will be judge by the use of bitcoin in domestic market and in think Brazil is on top because they have already started accepting bitcoin in their local shops. It is said that there are more than dozen shops who are accepting bitcoin from the customers for shopping. |
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i did the test it says i am a compulsive gambler but i do found myself can control greed sometimes but there are times i cant control them which led me to lose all of my balance the site even offered me if i need help but overall i can call myself as not problem gambler
From those test results and your behaviour of gambling, I understand that you are not addicted to gambling but there are big chances to get addicted in coming days if you are not taking any steps against your gambling activity. I can say you are in the beginning days of gambling or not enough frequenting to gambling so that you are staying safer till today. I like to suggest you to gamble more occasionally so that you will never get addicted like how you are doing now a days. |
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I think, experience can be a little bit helpful in the purpose of gambling, basically gambling is a luck based activity but experience matters all the way, if you have knowledge about the gambling then it would be easier to make decision for this purpose. Whatever the case is experience is the vital factor to make a good outcome...
actually there are so many formats of gambling games. you can play it in casino. for example dice games and slots games, or lottery, in such games your experience do not matter, you can do that without any experience and an inexperienced person has the same opportunists of winning which an experienced person have. while in sports gambling your experience and skill even your knowledge matter, you can take a decision in the light of your experience. Yes I agree some of the games mostly depends upon your luck you win only at that time when you have a good luck no matter how experienced you might be while some of the them like sports betting really depends on your knowledge and skills and when it comes to skill then experience definitely counts. Not just in gambling, everywhere experience matters, without experiences we never win everywhere. |
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Which coin is better now for trading?
which have to chance increase price.
need a suggestion for trading.
Thanks
If a person want to invest some extra money beside bitcoin then etherium is the best choice because etherium is looking more reliable and trusted as compare to other altcoin, and in future it may also have good price because there is looking good potential in the price of Etherium and can boost at any time so tome the alternate after bitcoin is etherium. |
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I don't agree because ethereum going downward trend and bitcoin going upward trend ethereum will fail once lots of ICO happening based on erc 20 token proves scam.
Even though everything is possible and no one know about the future, but I think there is a big gap between the two. Bitcoin price is so much high as compare to Etherium, secondly the popularity of bitcoin is also increasing too and thirdly the users of bitcoin are also more that the popularity of Etherium and if this trend will continue the i do not think that Etherium can fail bitcoin. |
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Losing is a part of being a trader. If you lose do not panic and do not curse your self it is normal if you lose in trading often. I managed my emotions by thinking positive always.
If you are able to keep your coolness even you will be seeing your capital is getting lost then most probably you are capable of managing your emotion while trading. I believe it will not be that easier like how it will be sounding, but a trader must get practice to do that so that he can focus into trading to overcome/recover losses. I think it is something natural. Some time it becomes difficult to have control it and some time it can be control but you need to be mature, because most of the time we see that the young generations are more emotional as compare to the edged people. The young generation does not think about a matter and always take their decision with their emotions. While the experienced people always think about a matter and after studying take their decision using their mind. |
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This is not the right time to buy bitcoin, I think this is the right time to earned and save the bitcoin. Because I believe that before end of this year, bitcoin was reach the $3000 - $4000 dollars.
Those people who already have bitcoin they should hold their bitcoin but those people who may have sell their bitcoin earlier or those people who do not yet buy and want to buy it, then they have good opportunity to buy bitcoin in current price because bitcoin is still trading in a low price and it can start boosting at any time, so it is good time to manage to buy more bitcoin in present time secure our position. |
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There are people who are doing that, by just hearing an explanation from their friends who recently earned from something. They are immediately trusting and investing there so that means they are hungry for the profit. But well majority of us who are investing in bitcoin does really do some background checking before investing.
but to me i have introduce bitcoin to my friends even to my family and in very beginning they were not trusting me, but later one when they realize that i am earning some profit from bitcoin then they start taking interested in it and after study bitcoin a lot some of my friends invested money here. still some of my friend are not too much confident and reluctant about investing money in bitcoin. but i am hopeful that very soon they will become confident and will start investing money here. It's everyone's experience here, even we know that bitcoin has a future and we are gratefully explaining it to our relatives, still that is not enough at all. I've been through to that feeling that they are trying to pull me down but still I believe in bitcoin and push with my belief that bitcoin has a secure and great future. Everyone does that since they have certain bad agenda wheter they want to make you discourage and stop staking with it, And alsop there are other's who are just Spreading some fuds just to create little confusion to make a little panic to the crowd so that they can earn from their own greed. And we shouldn't listen in this kind of things since as we can see bitcoins have great adoption and it can make bitcoins gain some great future on its succeeding days. I don't think they have bad agenda but they are not just interested to bitcoin and they lack of research so they don't have an idea on what bitcoin really is. And for those people who are spreading fud they are totally doing a trick so weak handlers are going to sell some bitcoins and that can make the price low. Yes totally agreed. Those people spreading FUD have their own agenda. But most of them are really to cause panic to those newbies causing them to sell their bitcoin. That is why we hate those kind of people, but we can't do anything to those newbies except not to listen but used sound decision before making any wrong moves. In fact such people want the price do dump, they want to have chance and get bitcoin in low price again, otherwise they know about the potential of bitcoin, some time when the price start decreasing the newbie and inexperienced people comes in panic and start selling, which create disturbance in the market and so the price comes and they get chance to trade the price in low price and that is their strategies in which some time in which they become succeeded. |
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For me, investments are better, because you do not have to bother with constant analysis, but you need to carefully choose where to invest.
Everything starts with investing. Either you invest money or you invest time, for you to earn some bitcoins so that you could start trading them and with that earn more. For people who have more money, investing money is better choice, like you said it require less things to do. But it could be also dangerous if you make a mistake and invest in wrong time or wrong thing. Trading is harder way to earn, but for people who do not have much money up front, trading is only option and maybe in some cases safer. In both the cases you are investing, the investment as said may be of your money and of the time as we know that there is an idiom about the time is that time is money so it is not like you invest money and then you are not required to give time to it. Trading needs prior homework before getting into it. |
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I tried holding my btc tho but there's no assurance that this will double your money
It doesn't double your Bitcoin but double your flat money because you're holding Bitcoin for hope the price getting doubled. It looks a bit lazy to only hold it in your wallet for few years and not do any investment like trading because with trading you may get better income. Yes it will not exactly double the number of your bitcoins but it will double the amount once the price of bitcoin started to increase. It mostly like appreciating and depreciating, if the price is low your bitcoin will be valued low but we now that most of the time value of bitcoin is increasing and it is really good. No one can see what will happen in the future but the price movement or trend is very positive that could give us a bigger chance to double our money. The technique is just to hold, I'm sure in a year you can already double your money, or you it might increase more. When that happen, you are probably gonna seek for more increase, that's being human. Exactly and if you don't control the greed and you keep seeking for more you're likely going to get burned along the way because there's no perfect system and this might work for yet a while. Greed is the most important thing needed to be control. Those who have a control on the emotion of greed they are the successful people in life. It is very good if you work more wisely trusting on your analytical skills and invest in the currency which have a great potential to growth then investing anywhere blindly. This is the only way to protect yourself from the losses. |
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Maybe because million of people use bitcoin maybe million of use this bitcoin can panic if bitcoin is falling
I think it is not fact bitcoin had a lot of progress and making as well. Now people are getting awared of it now mostly business are attached with bitcoin and in future we can use it every where and any time so no need to panic bitcoin is rising and will have a bright future. |
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Both have their own advantages. first, mining is the same as working so when you're using some sort of credit card then it's the same as using bitcoin, you'll lose your money for buying things. Credit cards mostly have a really strict rule in regards to which person is capable of using it because giving credit is like giving a loan, if someone can't repay it, the bank needs to make a movement to get this solved which also will make them spend their money.
By using Bitcoin you can send money to everywhere without any complicated requirements but seeing from its fee, not really an efficient way whereas banks offer the opposite, it's all up to you to decide though.
You are right both have advantages but I am in favour of crypto currency and more particularly in favour of bitcoin because it is very easy and can save easily. You don’t have need to carry cash in pockets and bitcoin gives more opportunities to users than paper currencies. Crypto currencies will beat regular currency with their store of value characteristics. Because you could not find those big potential with a regular currencies like how we are enjoying with crypto currencies in last six months of quick times. |
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Actually it's not that impossible but it will take lots of changes first before we can achieve it and the bankers wont let their fiat currency become worthless and obsolete in the future, so i guess it will accumulate lots of time. I think just having 15 years is not quite enough it will take atleast 30 years but to be able to do that right now bitcoin is currently in beta mode that still has a lot of flaws like some bugs in malleability and bitcoin scaling problem it needs to be resolve first before can progress. Bitcoin has progress a lot recently it has been adopted in various countries and now being used as payment method or safe haven for investors to store lots of money.
As we can see that bitcoin is going up rapidly and the price is also going up and people are getting interest in bitcoin and I think it can hit the dollar but it will take time how much I don’t know but as bitcoin is going forward with progress nothing is impossible for bitcoin but after some significant time. We can see already lots of people around the world people are moving their saving into bitcoins as they are finding bitcoin as one of the biggest a promising future. When we will be having similar trend in upcoming years too then we can expect more people will be adopting and using bitcoin for both investments as well as for currency. When more people will be using bitcoin as currency then dollars will get vanished in no time. |
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Not many but a few offline stores that provide payments using bitcoin it is because bitcoin has not been able to be known to many people in my country and the government also has not been able to formalize its existence.
Even only in certain cities shops that provide payments using bitcoin that many foreign tourists visit only to facilitate foreign tourists to make transactions.
Yes offline stores also accept payment in bitcoins but in a very little number because bitcoin's life span is a little time in front of fiat but bitcoin is progressing very well and in future might every market will accept payment in bitcoins I think bitcoin will change the payment entire system. In my country, I have convinced two of local merchants to adopt bitcoin for some limited products. They are happy with that and giving positive reviews as sales significantly increased. |
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