Whenever I get my salary I buy a small amount of bitcoin in monthly basis at whatever price it is holding, and following the same procedure since long time I have enough amount of coins in my wallet.
Yeah just like a savings which is just better. I thinkbit is wise to put more into it considering the price aint moving too much now. We sont know when it could bloat up so we better be ready and somehow wevhave the same idea. If price is stable at a moment that doesn't mean it will remain stable forever, it will surely rise in future and thinking of that I think current price is really good to buy some bitcoins. Can someone predict the drop at least a little to be able to skimp bitcoin and then have to wait to earn on the difference in the cost of cryptocurrency. For the time it has gone. But you can still buy a bitcoin even now. Because the future is expected to price at least twice, even more than now. But the recession always work falls on the summer holiday season, and then it is very profitable to buy bitcoin. Thinking of at least twice only is still a conservative projection, we should think more than that as bitcoin price has no limit, it will always increased base on the demand of its users and since we are increasing, the price would also be increasing. As much as we want the price to be that high, it will still take a lot of time before bitcoin cross that price. But if you want some investment for a very long term, then getting bitcoin now is okay. The price now does not matter if you are in for long term. |
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Off course i dont want to quit my day job just to go full into the bitcoin off course there are lot of people who are doing it but they will regret it if the price drops to zero,
You never know if they will regret it or not because no one can tell the future. what we know is that bitcoin have a very good price right now and if you are receiving bitcoin as salary right now you are getting paid well. |
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Yes that is right to say but i think it ia ls depend on the amount of bitcoin if you have a good amount the you will really get a good profit, threfore i will suggest you that if you are going to invest in bitcoin the you should invest a good amount of bitcoin.
That is right, there is nothing much you will get from holding long term if you only have a few bitcoins. It can only be worthwhile if you a lot of bitcoins. If you have only a few, it is better to trade them and take advantage of the volatility of the price. |
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i would... you just need to learn a little about trading to make more of your salary, so if you have received 1 bitcoin as payment, wait a little pump and sell above the price when you were paid.
As i dont have much experience in the trading to i will not gonna recieve and accept my salary in bitcoins because that would make managing the money very difficult because every time i recieve my salary the bitcoin price will be different. Ya never do that if you don't have experience in the trade. because I've experienced it and I thus losing a lot of money. but after all of that experience, I finally was able to get a lot of money from the trade. but still will not accept a salary with bitcoin, if real job better receive salary with fiat and if you want in salary with bitcoin I must work from bitcoin. Trading is a harsh world. One tick it is going good and another tick it is going south. If you do not have the guts to trade you will be panic selling and you will be at loss all the time. |
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Those who think its expensive now, its the same complaint you hear back in 2008ish when it 1st started for several cents.
Then hit its first 100 marker.. its the same way.
History always repeats and its cause we have a huge financial flaw in our current system - so for someone to say its expensive they are just mis educated on the current financial system.
Right. We should not look at how high the price is now. We should look at how high the price will be. If you look at the progress of bitcoin, price is getting high at an insane rate. And we still cannot see the end. The price can be high now, but it can be a lot higher in the future. |
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Well we are going to benefit it if we are going to keep on believing bitcoin. And that is what I am doing right now that I am holding my bitcoins because I hope for a good price increase that is going to happen in the future. But we just need to wait and set for a good set of price range because if we are going to keep it holding for a very long time without any plans then we can't earn.
There is not much to plan if you are just going to hold. Just wait for the price that is very high, that is all in it. I do not think that holding for a very long time is that much profitable. It is better to take advantage of the price volatility and sell when price is high and buy when low. After 5 years, even if the price did not get that high, you still made some profit. |
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If you urgently need money tedious to sell liquid assets. If not, you should try to earn. If this does not work, then take the debt. But this is an emergency
Earning wont work in that case because if you are in desperate need of money you would probably not have enough time to work and earn that much money in that time, so the only possible way would be taking a debt, because if you haven't saved anything for your future that is the only thing you can do in an emergency. True, in urgent times you would not have enough time to work just to produce money since you could not able to produce it on time and you would surely wait for monthly salary as others said you would really make a debt to someone because its the last resort to do when you are desperate for money. Why to borrow money from someone if you have bitcoins with you? If I am in desperate need of money then I will sell my coins without any hesitation at any price that I see, at least its better then borrowing from someone. bitcoin can be considered as money too and at the same time an asset. So you can sell it if you are in need. But if you do not have bitcoin and you need money, then borrowing from others is the only solution. |
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I think you could better save money than investing your money because i know for sure that alot of peopel are getting mad when you invest your money into bullshit when ever you could save some money.
Why would you put your money on that investment if you know that it is bull sh*t? If you are lazy and do not want to research before investing, then you deserve to be scammed. but if you do your researched and study each investments opportunity, then you can separate the scam from the legit. Then you can make good decisions where you will put your money and make it grow more thru investment. |
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The plan is easy and well organized, executing it is a different matter though  : -Get 200-300 BTC "somehow" -Wait for the price to reach $1,000 or so, Which shouldn't be as far-sighted like $5,000 and such -Withdraw and exchange for USD, wait for another chance to re-enter with BTC. All the steps are easy except for the part where you get 200-300 BTC. If you are just starting in bitcoin right now, how will you get 200-300 BTC? If it was 5 years ago, ti would have been easy to collect or worked to get 300BTC. But now. it is hard to collect that much bitcoin without a business or a large starting capital in trading. |
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Only way for saving money is making more then you spend every month. If you make less then you spend probably saving will not work well for you. It is a basic of saving. If you are not in situation to save then you need to cut your expenses somehow, and then you can think about saving.
I save something small every month, I`m in such situation. Over the years I accumulated some nice money, but that is for my kid and family. If we ever need a bit more money, you never know what is coming. For that reasons it`s good to have something on a side, for black days how people like to say. No matter how much, try to put something on a side every time you can and that is easiest way for saving.
Correct. But sometimes it is very hard to save money considering the costs of electricity, water, phone service, among others. Also, you get the temptation of spending your money on goodies and this limits your ability of saving a good amount of money for the future. But still, when you have the chance you can save at least 10% of your earnings and put it into a bank account or even a PoS coin with high APR that will give you huge interest earnings. Just my opinion.  It is hard to prioritize saving if you have barely enough money for your daily needs. But if you really want to save, you can do it. there are always something in your expenses that you can live without and you can cut that out. And if everything is clean and you still cannot save, then it means you need to have another source of income. |
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The best way to manage your money is to know your goal, start always with savings because that is the most important thing to do when you are earning, without savings you cannot pursue for your future dreams like entering into investments opportunity.
Further, I just want to emphasize here that you cannot save if you do not know hot to manage your emotion, staying away from temptation is important for you not to buy useless things.
One good example of this is when we are stress shopping. Do not go the mall when you are stressed or emotional because we are easily tempted to spend more and purchase useless items. And if you are bringing your credit card with you, you will have more purchasing power and more likely to overspend. That will ruin your budget for the month or even for a year. |
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all trading this income unpredictable
someday can much profit, someday not profit but lost
you can trade in real you sell ice or what ever product this same unpredictable and income unpredictable too
but with some knowledge, we can make profit in everyday and we reduce our loss into just small amount. and from time to time, if we continue to use this, then we can saving our money into more bigger than before. It is hard to make profit in trading on a daily basis. This can only be done if what your trading has a very active movement and you have a very large capital. You can try scalping to make a daily profit but one wrong move and you will be losing more. |
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In Europe there is a hot new pertaining to a company whose going to introduce paying bitcoins to their employees. But given the instability of the bitcoins market value is it an advantage for the employees or an disadvantage. In my opinion this kind of payment for salary is not yet beneficial to employees not until bitcoins price has become stabled. Though if bitcoin will start to increase its monetary value it can be advantageuos but if not then it is a peril to the employees. So what do you think, what is your opinion on this matter?
I personally wouldn't mind my wages being paid in Bitcoin, since they'd be easily transactable and fairly liquid, and could be a good investment for whatever I wouldn't have to use immediately. I would maybe prefer for 3/4 of my wages to be paid in fiat and the remainder to be paid in Bitcoin, because that way I can be sure that I'll have money to over my expenses and still have a portion paid in Bitcoin. Maybe if the employer offers some insurance against swings in the market, I can see something like this working. Lots of peopel dont want to earn there salary into tbitcoins and i know whwat they mean because you dont want to earn bitcoins as salary we just want dollars instead of that stupid coin. Its not an stupid coin and if you feel so then why are you wasting your time behind it? Bitcoin is the most innovative currency we have and in future everyone will prefer to get salary in bitcoins. Bitcoin is still very young so we cannot tell if everyone will prefer bitcoin in the future. Even if it is the most innovative currency, if there is no place to spend it, then it will be hard to accept it as salary. |
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I dont tthink both are the best thing to do at the same time because whwat i do know is that when you are investing you cant save money because every saved money is into the invest.
You should not put all your money in an investment. There should always be a fund for emergency. And even if you are investing, you should allocate some money for saving. It is your back up plan if your investments did not pan out. It is better safe than sorry. |
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For me the price of bitcoin is really matter for bitcoin. The high price on bitcoin is why people want use bitcoin imo. If the price of bitcoin going down, i'm sure many people will not use bitcoin anymore.
Yes even I have the same feeling that people are investing their money into it only by looking at the price that it holds, if there is no price of bitcoin then none of them will bother about bitcoins. Yeah, for now we base the value of everything with their equivalent value in US dollars. So we know that bitcoin have a good value if it costs more. Maybe someday, if bitcoin becomes more powerful, we can say something is valuable with how much bitcoin it costs. |
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I want ask anyone if i give you 10 Btc what will you do. because i want investment but i have no any good idea to invest it (except gambling) but i don't like dambling.So i want ask you viewS.
for the one millionth time, gambling is not an investment and you or anybody else is not going to make money from gambling. but to answer your question, if you don't really know what to do with your bitcoins just save them in a cold storage and wait for the price rise. anything else and you will lose money. Investing IS gambling....DUH I would sell them all right away and buy myself a new motorcycle because I want a new one really bad. I know that it wouldf be better to hold on to them but not right now. After I have a new motorcycle then I will hold on to them again. After a year, your motorcycle have already depreciated and with have no more value. But if you invest your bitcoin or even just hold your them, it have a chance that it will grow in value and you can get your motorcycle from the profit. It is just a matter of delaying gratification. |
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In my opinion paper money will be removed soon or later, because credit and debit cards as bitcoin will turn and become the main way to move your money.
I would like to disagree, even how the transaction would be developed like you said credit cards and debit cards but still you would need to reload or pay it with fiat and theres no way that fiat could be replaced by bitcoin anytime soon. Its really wrong to assume this kind of things because it wont happen. It is better if both fiat and cryptocurrency exist in harmony. Both of them have their strenghts and weaknesses. And it is more profitable trading fiat and bitcoin. |
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I will buy if the price is 400 dollars.
If this was last year, you could have bought. But now, I think your opportunity to buy at 400 has already passed. I doubt bitcoin will drop to that level again. I think our bottom is above 500. |
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If everyone keeps saving money then it becomes worthless and leads to crisis. We must remember this and not save much. By the way, there are many people who keep saving till their death and for what? For nothing but saving. As for investing money - it is also like saving in a way. If a person has a certain goal and needs a certain amount of money to reach it then I am for saving. But if it is just basically about saving money for money itself then nobody should do such a thing.
I cannot comprehend how saving your money can cause a crisis. It is opposite of what I believe. If you save your money, then you will have something to use in the future. In case there are emergency needs, you can pull your money from your savings and use it. It actually saves you from financial crisis. And if you have enough, you can use it to fund investments or business ventures. |
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Trading is indeed an unpredictable job if it wouldn't be then it would be easy and everyone and their mothers would be making profit.
Because it's unpredictable you need to be as good as you can to reduce the chance of failing that's why it's such a difficult activity.
The trading is not profitable for most people. It is only for the professionals to take money from the unprofessionals. I would like to disagree on some point, professionals and unprofessionals seem dont have any connection regarding on trading and you wont need to be professional to take advantage on trading as you could possibly engage to it as long you are knowledgeable to it and know analytical skills. I think he meant professional traders vs part time or untrained traders. Those who practice trading for a living vs those who just started trading. Those professional traders have a better perspective and have more resources on trading so they can eat you alive on trading. |
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