Of course i don't want and this is very bad idea unless bitcoin will finally get stable price, and bitcoin will be accepted anywhere, then maybe yes, but at the moment no
What certain things that makes you consider that it is really a bad idea. If you are going to see things in a wider range you can really see that there would be no difference at all if you convert US$ for your currency cause it also fluctuates. That only applies to people outside of USA. But if you are in US, then it will be an annoyance to deal with volatility and converting to fiat. But for me, I received dollars and convert it to local currency. So it does not matter if I receive it in bitcoin or dollars. |
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Funny, foolish question, bitcoin can't make banks disappear because already many country had banned bitcoin and without paper currency government would not get taxes and without taxes country will ruin. And banks could adoption the technology for making the system transparent and more reliable then conventional system.
Banks are seeing the bitcoin as a threat to their business so within the powers of the government what the least they can do is to ban bitcoin to their country. In that way, then the bitcoin doesn't have a chance to penetrate into a country so if we are thinking that the bitcoin is going to make the banks disappear then that is not going to happen. Governments will do anything to keep their power and that is true fiat. If they let bitcoin take over the currency, governments will lose control and they will not let that happen. |
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Always checking news about bitcoin and other coins, for example dash was admited on btc-e which made the price spike up for a while, profited from that. Another example is when darknet markets started to accept monero as payment, obviously that made it go up really fast. This kind of strategy is really safe but also extremely profitable
If you get the right news early, you can act on it and make good money. But sometimes l, it is hard to get the right news on time. Some news are made to lure people into pumping or dumping to be manipulated. But if you have good source, you can have a good life trading. |
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I will not quit my day job to go full time on bitcoin I don't have any money activities I could do for so long on bitcoin.
I only do some signature campaign and trading so I cant fill my day with it and earn enough money to live from So I wouldn't do it.
Bitcoin provides a good extra income and I think that is enough for now. If it becomes more stable and more employers adopt bitcoin, we will have a better financial opportunities in bitcoin. Then we can think if we can switch to be full time in bitcoin. |
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Of course i don't want and this is very bad idea unless bitcoin will finally get stable price, and bitcoin will be accepted anywhere, then maybe yes, but at the moment no
Of course we will say no because of stability issues. But we are signature campaigners, and we are now already receiving bitcoin as payment for our services and we have no issues with that. If the price dumps then we get paid lower in value, but if it pumps we get higher in value. |
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it's depending about what you want, if you want to "stable growing" i perefered to choose gold, but for simple invest, easy to use, easy to sell i prefered bitcoin for invest my money
Me too , for stable investment and low risk IMO you can choose gold . But for long-investment you can choose bitcoin Instead. Use both of them is good , where you can have secondary investment if the former is lose or the price's hits the ground. i believe that for both long term and short term investments you can choose both of these commodities. but of cource it is always a lot better to choose both of them at the same time not only one. you can buy both bitcoin and also gold to diversify and maximise your profit potential. Choosing both is already considered a great opportunity, but with out limited resources we cannot always just choose the two, we have to select only one that is based on the amount of capital we have and I believe majority of the investors can afford to invest with bitcoin rather than gold. That is true. It is easier to invest on bitcoin because it can be purchased in small amounts. And also, we can get paid in bitcoin with services we render. While gold needs larger capital to start investing in it. But I think it is safer to invest in gold. |
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Holding bitcoin is also an investment in its own. So don't bother yourself by investing your bitcoin to some third party website as they might scam you.
But if you hold your bitcoin in some secret place and hold it for some years, then it will definitely give you some good returns which any conventional investment won't be able to give you.
Just to give you an example, I have accumulated most of my bitcoin holdings, when it was at 450 and now the price is 605 USD, so I am already obtained 50% profit.
You can do that, but your bitcoins will be idle for a long period of time. But if you put some of it in an investment, it will earn more bitcoins and it is also getting higher value. You should be aware of scams and ponzi but do not be afraid to invest just because there sites like those. You should choose wisely where you should put your money |
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That is why emergency funds shouldn't be taken for granted and not be considered as optional. We should be able to build an emergency fund that is equivalent to 3 to 6 months of what we spend. Better if we can make it bigger so that when the time comes that we are in dire need of money, there is some emergency fund on standby. And even if it is not enough, that should serve as a first aid.
Some say it will be idle money because it will just be sitting in your bank account without earning money. But emergency funds are life savers. Everything else in life can be planned but emergencies cannot. Emergency funds answer for those needs. I agree savings are savings and can be called emergency fund if things went wrong and needed money for it. But if you have savings then you will be not in desperate need of money because you already have the fund for your need. So it wont force you to borrow money from bank or other people which most people who don't have reserve fund actually do when in need of money. But not all people have savings if they are disperate the only thing that they can do is to borrow money to others. or they can also borrow a loan in banks but only people who has job that can take loan.. As long as you have a good collateral for your loan, the bank will give you a loan. But it is not the best option because banks puts large interests on your loans. That will put you in a greater debts even if you missed just one pay. |
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Other crypto really experiencing manipulation that's why analyzation are nothing when manipulation movement occurs.
But in terms of bitcoin, manipulation today in that crypto really goes in a hard way. So analyzation might consider as a guide on the next trader's move.
Yes, and its sad that some coins happens that way. It has a Pump and Dump group and those graps and trading volume are artificial results too. Dont be victim of this, you will know this when movement are seems being controlled. Still, study stable coins that you want to trade, and don't just buy any new coins since its new but it should have a good community support. If it is a new coin, then you know there will be a pump one day. Then just buy a new coin which have a very low price, and when the pump happens, automatically sell your new coins. Use the amount you can afford to lose so that if the pump did not happen, you only lose small amount. But if it you win, you win big amount. |
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If you are a BTC lover, would you one day like to get your paycheck 100% in BTC? Personally I won't. Because many facilities in my area doesn't support BTC payment.  I do not mind receiving, say, 20% of my pay in BTC denomination. For me also, I would not receive my salary in BTC because it would be useless to receive in BTC and then convert it to BTC later because I wanted to buy something and then I can't buy it with BTC because they only accept fiat. Maybe one day when almost all the stores will accept BTC as payment then I can also accept my salary as bitcoin but now it would be hard because many people don't even know that a digital currency exist. If you are investing in bitcoin, it is good to accept bitcoin as salary. You do not have to buy bitcoin anymore in order to invest. But if you are using bitcoin just for daily expenses, it is an annoyance to exchange it to fiat. |
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Maybe in the developed world country there will be less demand of paper money as they will go to full digital, the world is moving toward digital world if you have notice, we have a lot of inventions or developments to make our life fast and easy.
Hmm when you say developed I see Singapore. But I dont know man. Paper money got a lot of history in it. It will be hard for the government to change it specially for the people also. But the government will have no choice if everybody is using bitcoin then what are they going to do ban the use of bitcoin if it's not regulated by authorities? That would make civil wars the next step lol anyways I don't think bitcoin will get far enough to be a real treat. well they could just ban it and sentence to prison the people who are using it and people would just avoid it Even if governments ban bitcoin, there will still be poeple who will use it underground because of the benefits like anonymity. |
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As long as you keep track of your earnings and your expenditure, you should not have much difficulty in saving. Try to keep a certain ratio between the two, like 40% of earnings go to saving and rest 60% to expenses. Emergencies may arise then you may need to spend more. But every month try to maintain it and you should do fine.
40% of your earnings is too high of a target. Normal people receiving minimum salary will have a hard time keeping up and will frustrate them. Soon they will stop saving because of that. It is better to save small percentage but can be consistently done without straining too much your budget. Yup, 40$ was too high, not all of us is high earners where we could keep almost half of out salary, mostly we just receive enough salary so keeping 40% of it might just compromise your living or might result to problem... I think computing about how much you will save should be after buying all your basic needs, the leftover money should be the target of our savings, that's the money where we could mess around whether we are going to save it all or spending it to something else... The most conservative approach IMO is just to save at least 10% of your earnings so you can still live a normal life, we are living in this world to enjoy and do our responsibility in the society and that is to balance of way of living as well. If we save at least 40% of our earnings we are not living a balance life. it's indeed you'll not living a balance life if you saved about 40% but it's temporary,after you're done saving you can but what you want and then get pleased for what you've done by saving money,you need effort first to get a good result For me saving should be done continuously and not just temporary that is why I choose to save smaller percentage. As long as you can earn, you must save a part of your salary. When you have accumulated a large amount in savings, then you can use them on different things like investment, retirement, emergency funds and leisure. |
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That is why emergency funds shouldn't be taken for granted and not be considered as optional. We should be able to build an emergency fund that is equivalent to 3 to 6 months of what we spend. Better if we can make it bigger so that when the time comes that we are in dire need of money, there is some emergency fund on standby. And even if it is not enough, that should serve as a first aid.
Some say it will be idle money because it will just be sitting in your bank account without earning money. But emergency funds are life savers. Everything else in life can be planned but emergencies cannot. Emergency funds answer for those needs. |
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It depends, the amount I earn in fiat per day is completely different to the amount I earn in bitcoin. I earn around 0.02 bitcoin per day although i have days where I lose and days where I earn larger amounts.
for me i never earn anything decent to be honest with bitcoins, my real job is the main income source It is okay if you are not earning much in bitcoin because you have a day job. It is better to focus on the job you feel more secure. Earning bitcoin for you is just a part time job but for others it is their main source of income so they earn more. |
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No I would never quit with my job for the bitcoin because I think that is just insane to do and it can let you have a lot of problems soon or later.
Yeah same i will never quit my job for bitcoin because bitcoin it not stable in pricing not like my salary in job it is stable and there are chance that it will increase per month if my possition will be ranked up or anything for me bitcoin is just a sideline that we can earn after we do our job in offices and or any thing in company the same for me, it would be just dumb to quit your job and go on bitcoins because you might lose a lot People should only consider leaving the real work if you found or has some steady income of 2-6 btc monthly, if you are earning something like 1-2 btc as salary, and even with such i wont advice you to left the real work, you will need those to retire later, bitcoin is here now and might disappear into the next years, nothing is sure or safe to make such step. In bitcoin there is no sure that you can make earnings because in bitcoin there is no contract unlike in job that has contracted for your job.. and you are sure you will get your salary unlike in bitcoin and doing job online.. thats true, sometimes you might actually lose a lot of bitcoins because of the bitcoin fluctuation the thing is if you already familiar with getting bitcoin properly especially if you are into trading and earning a lot thats possible to quit and focus with bitcoin, yo will able to enjoy the comfort of your house together with your love ones. That's what I have been thinking but for now, I think I cannot do that yet, I don't have enough savings to support if something bad will happen when I go full time. Think wisely before quitting your job, it is not easy to find job now due to competition therefore if you are quitting your job you are risking your future and you might not be successful in your venture online, on the other hand there are a lot of opportunities to earn here so if we are risk takers we will surely maximize our income. It is better if you save money that can support you for at least 6 months before you quit your job and focus on working online or doing bitcoin. Just in case you online gigs did not pan out, you still have six months to find your self a new job. |
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As long as you keep track of your earnings and your expenditure, you should not have much difficulty in saving. Try to keep a certain ratio between the two, like 40% of earnings go to saving and rest 60% to expenses. Emergencies may arise then you may need to spend more. But every month try to maintain it and you should do fine.
40% of your earnings is too high of a target. Normal people receiving minimum salary will have a hard time keeping up and will frustrate them. Soon they will stop saving because of that. It is better to save small percentage but can be consistently done without straining too much your budget. |
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BItcoin is more popular in online market, but for real market (offline) gold is number 1, to get fast growing bitcoin is the best choice
That's true that Gold is currently number 1, but bitcoin has the potential to replace it in the near future if it gets more buyers involved. We are already heading towards more capitalization with the stability of markets going on near $600. Both will have higher value in the future because both bitcoin and gold is a limited resources. So there is no bad choice between the two. If you can invest in both of them, then it is better. It does not matter which is number 1, what matters is that you can make profit from them. |
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Keep your bitcoin and wait longer before selling it even if prices would drop right now still keep it and buy even more.
In 2017 prices will probably go 800 > + and then you can sell or decide to keep it even longer depending on what you want to do.
Right now, there is no telling what the price of bitcoin will be in 2017. The best we can do is hope it can get that high. My rule in keeping and selling is, I will never sell a coin in a lower price than when I got it. If the price is lower than when I bought it, then I can just keep and hold. Bitcoin always increase in price even if it takes a long time to bounce back. If it is higher, it is time to sell. |
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You can still profit from scam coins.
Actually yes since they lasts for months, at least. Good for short term profits one. But it's more risky so better choose those alts that has a good position and has a good volume everyday even the price is not that cheap to consider. Yes agree, in altcoins we must use short term strategy, for wary scam coins especially for new coins that be launched usualy many coins that can be survive on markets and then they be delisting. Yes new coins on ICO must be taken seriously cause obviously we don't know what will be the output of it as time passes by. Those others alts that already established good names where we can play with the price fluctuations is way more less risk than putting bucks on those new coins. Generally, all trades must be taken seriously. What is good with ICO are that they are very very cheap. So you can just spend 100K sats to acquire a lot of ICO coins. And if they get pumped later, it is very easy to make profit. Your 100k sats can easily gain x100 in profit. And if the ICO turns out to be a scam, the 100K sats is not too large for you to sweat the lose of it. |
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Yes I think that holding the bitcoin is good and that we can make a lot of money with long term holdings.
Of course it needs to be large amount otherwise its just wasted time if you are asking.
But if a person is unable to provide a large amount of bitcoins for to keep for future then we do not have to discourage him as he will also earn a good profit from what he have at least he will double what he have. If you do not have large amount of bitcoin yet, then doing altcoin trading can work best for you to grow your bitcoin. Grow your bitcoin and when you think you have enough already, then you can stop trading and proceed to hold your coins for more profit. But personally, I do not want to just hold because if you just hold, your bitcoins become idle money. |
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