This is my opinion.Banks won't make you rich.saving in bank can never do that,because of interest rate that bank gives you is too tiny.You saving will be simply be eaten up by the sleepy monster called inflation. As a example I will take ,When I'm in grade school,each day I received 10Rs (my country currency) from my mother.It was enough to by me 2 meals,but in now 10Rs enough to buy 2 candies.  Banks are just for keep your money safe!  Banks are created for profit by their owners. They are not supposed to give a profit to people. It's our interest, not theirs. But they can provide us with different financial services such as deposit and credit. |
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As a matter of fact, it is very few number of noobs in the cryptocurrency business that understand the level at which patience is required and valuable in the business. I do tell my friends around me that wish to come in to the business “it’s only patience ones that would feed from the milk of a lion” . I bought some coins few weeks ago, which I decided to hold while it was dipping but I keep holding with zero fear and absolute patience. Presently, i’m In over 47% profit in all. My advice to my colleagues is all you need is buy into coins with good potential and relax even while it’s at dip. Trust me, you won’t live to regret anything if only you would be able to hold with patience. Thanks
That's a good point. I do believe that patience is a key to get profit and be successful at all. Not only in the cryptocurrency market but generally in life. |
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mon·ey (noun)
- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
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cur·ren·cy read as ˈkərənsē (noun)
-a system of money in general use in a particular country.
So, is bitcoin money or currency?
It is a little bit weird question. Currency and money are synonyms. Currency/money is an instrument that is generally accepted as payment for goods and services and also used as a medium of exchange. So bitcoin is a cryptocurrency that can be exchanged for other currencies, products and services. |
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We can expect a huge growth of Bitcoin's price considering the previous year. But I'm not sure that Bitcoin can reach this mark of 50k till the end of the year. Keep holding and we will see a result soon.
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Just by using your phone, you could purchase almost anything. No need to withdraw on an atm. No more heavy coins on your pocket. Paying bills, and purchasing tickets without standing on a line. Very convenient and less time consuming. I know we're already using credit cards right now, but using a single currency like bitcoin world wide could really help on transaction, having less error than the normal and faster transfer and of course the security. Do you guys think this could happen in the future of bitcoin?
We are already on this way of cashless payments. I suppose that bitcoin and other cryptocurrencies will be legitimized throughout the world in the nearest future and we will become a cashless society. |
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Where do you guys get your info from? Like Twitter, PBC, coindesk articles, etc. Always looking for new sources for research  I use Telegram, Twitter and Youtube cryptorelated channels as the best sources of information for me. But it takes a lot of time to find really useful information about cryptocurrencies. |
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There are two main options to spend my bitcoin on. The first option is to use it for long-term investments. The second option is to sell it at highest price and buy a house. And the rest of the money will be used for carefree life. Yes, I believe that Bitcoin's price will be very huge to allow it.
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I have seen a lot of posts lately, where people are complaining about the price. I can understand that, but based on my previous experience with Bitcoin, you only need 1 good year to make Bitcoin your most profitable investment of all times. Let's take 2017 for example. I made more or less 700% profit on the bitcoins I bought in January and sold in December 2017. Now I am not financial expert, but I seldom see any investment opportunity where you get anything more than 30% profit within a year. So, let's put this into perspective for the people who are constantly complaining about the price. If you were used to low interest rates or even if you were lucky enough to invest in something where you received 30% profit, ONE good year like 2017 will cover the interest and profit you would need for the next 20 years. <700% divided by the max 30%> On top of this, you still get interest on the fiat money that you deposited into the Bank, after you sold those bitcoins. Stop complaining and wait for your good year.  Exactly, that's what I'm waiting for. A huge growth of Bitcoin and Ethereum till the end of the year. Of course, no one can give a big guarantee that this year will be the same as previous. Anyway, I'm gonna hold my investments expecting huge price increase this year. |
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I was talking with a friend of mine about cryptocurrencies and he said: "Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money.  " Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions? People need some time to get used to cryptocurrencies. Many of them just still don't understand functions and possibilities of crypto. Governments have to legitimize cryptocurrencies and accept them as payment instrument. After that people will believe in bitcoin and adopt it in their daily life. |
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Indeed, many people started to sell their investments when they have seen price falling. It was a a purely psychological moment. This led people to lose a lot of money while some whales have got a big profit from this dump situation. So we need to be patient and hold our investments while market is falling to not cause even bigger decline.
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I guess that you've made a mistake in a title. It makes no sense to buy something at high and sell at low. You will just lose a lot of money. So recommended way is to buy crypto at low, then hold it and wait for price growth and then sell it at high.
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I suppose yes, investing in altcoins is still worth and will be worth in the future. It might be not the best idea to hold all your investments in Bitcoin. You need to diversify your investments to avoid possible risks of losses. Bitcoin can be removed from the top so that you should have other options like Ethereum or Ripple.
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Of course, I am afraid of hackers. They can steal your money while remaining anonymous. There's no ultimate decision of this problem. You just need to be careful about your passwords and have several wallets to avoid the loss of all your funds.
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I think that if you don't have much money than you should participate in a bounty. And then after several successful bounties when you will save up enough money you can make some investments to get bigger profit.
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It's already happening. Many people are considering and using cryptocurrencies as a long-term trusted store of value. Bitcoin is the most popular one so its price will grow constantly in any event. That's why it is a good idea to invest some money in Bitcoin as yet possible.
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The price fall of cryptocurrencies market is temporary. It's high time to understand that big volatility is significant feature of cryptocurrencies. Just don't panic and be patient to get what you want. It's expected a new big growth soon and holders will get a big profit.
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You need to scrutinize your incomes first at all. Then you should start to keep a table of incomes and expenses. You also need to decide what things are really important for you and what things are unnecessary to spend you money on them. These advices may help you to save your money better.
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I would prefer to hold my investments in Bitcoin. Ethereum is on the second place. I would use it for trading and ICO's. Anyway, these two coins have very big growth potential and will give a very big profit in future.
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I suppose that big capital is more important when you are starting a new business. Money are all-important for any kind of business, no matter how good or bad idea you have. Because you can realize everything with big capital but not only with great ideas.
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Electronic money accounts can be hacked. They can be also controlled by security forces. It means a lack of freedom for poor people. That's why cryptocurrencies with their safety and anonymity are so important for ordinary people. Awareness of such technologies is also very important for poor people to safe their money.
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