Who needs a system that be able to managed by everyone? Most people wants freedom when it comes to their own money. And by that it means if people know that there's an existing currency(bitcoin) that makes their money avoid being under surveillance. I am sure they will use it to have safetiness with their money.
It's not the point. We are talking about future of paper money here. Bitcoin can never be matched what paper money can do. And why such thinking of an idea of removing the paper money to give way for bitcoin? It's a dumb thing to think. Bitcoin is nothing without an internet so how can it deal for the usual transactions that paper money is involved?? Very rightly said, and the major point is how can we expect illiterate and poor people to start using bitcoin, they will only use that is easy and comfortable for them, and the answer is paper money. And that's another one. We all know that internet can't hug all the places in the globe so it will have the same scenario when using bitcoin. There are lots of places that still don't have a quiet good development and still have that poor status even we count for many years. Yeah and there will be many people who will prefer to stay away from internet and online thing, as many of them have mentality that everything on internet is a scam. |
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I'll choose both because those two have the potential to increase prices insanely in future. If you have gold and Bitcoin just hold it or invest some part of it in able to grow in some way and spending wisely to avoid loss.
Well, if everyone could choose neither course everyone would do it, but it would be difficult to focus on two different things, I also want to choose both, but it was very difficult, so I chose bitcoin as a tool to develop the business I do for these days, so maybe you also have to choose a bitcoin, because bitcoin has a greater opportunity You are right, it is really very difficult to focus on both of assets for our trade and profit making, so the better is that we choose bitcoin, as the benefit of bitcoin is that it increases in value much faster than gold, so we can earn much faster compared to the investments made with gold. Bitcoin will allow us to make small profits but in quick time which is never possible with gold ever, so I would be much satisfied with regular small profits rather then waiting too long. |
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In purchasing Bitcoin you must ready yourself to any results either a huge profit or a disaster because no one knows what would be the price in future. As I observe Bitcoin price would rise up.
There is least possibility of disaster now as price is going higher steadily and if you can hold it for a long term then you will definitely earn good profits from it. |
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I think that i am gonna pick bitcoin in this contest because i don't know what to do with gold and how to invest it right. But anyway at my opinion gold is much more profitable as bitcoin.
Both are good as an investment, and it depends on an individual with which he is more comfortable, bitcoin is good for short term profits and gold can take care in long run. |
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I think it's a bitcoin 12 BTC considerable. too bad if you're just using it for investment. if I have 12 BTC, probably only 7 BTC I invest, and the rest would use to search for bitcoin, trading may be very suitable for it. but if you are very busy in the real world, it may be better to invest everything
And if I were have that amount then I would use 7 out of Them for starting my own business and I would keep the remaining 5 in my wallet and would wait for the time when bitcoin would once again start to increase in value. I think that holding on to them is the best option because you can then make more money with them. But if you are able to make a profit right now and you do not want to wait then you can also sell them right now. Trading will give you more profits in compare to holding, trading will make your coins grow which is not possible by only holding, or else if you find current price higher then you can simply sell it. |
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Bitcoin is definitely worth it to me mainly because i can use it for so many different things and it gives me some fun in my off time that im not working or anything. I do love that it changes but i also hate when i have none and it blows up.
I can agree with you because my favorite bitcoin's benefit is that i can use it in two ways : as currency and also as investment but bitcoin is worth to me too. That is why bitcoin really worth it for all of us because we can use bitcoin for many ways and that are some of the features that we can enjoy about bitcoin, those are only few the currency and the investment. And don't forget the use of it that you can send it to someone immediately as long as he holds his own bitcoin address. Bitcoin offers us multiple features which no other currency can, and its really worth to gamblers who are addicted to it as bitcoin makes gambling very easy and simple. |
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If Bitcoin price drops to $350 USD, I think a lot of miners will pull the plug and stop mining Bitcoin as it is not profitable anymore, so I don't think the price will drop so much.
Yes and even if price falls in future it will never go that low and I think that price is history now, price is moving up slowly now so I think we will see some better price in future. |
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Well I think for now it is time to hold bitcoin not to buy not to sell. IMO bitcoin's price now is high but I know it will rise more. It is not just wise to buy bitcoin at a very high price since you will get a little profit.
At this stage I will prefer to hold the coins that I have and will not prefer to buy till the halving is done, and if price drops after the halving then definitely will buy some more coins. Predicting when is the best time to buy or sell bitcoin has been close to impossible. Investors need a stomach for volatility. If bitcoin continues to lose its value then it is good to buy some coins. Price is at $650 now so I will not buy now, as I strongly feel anything below $600 is a good price to buy, so will prefer to wait to see that price for making purchases. |
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Now it seems to think about the price rise for halving. First let all of us experience the four digit price after which we can speculate whether the bitcoin reaches $10k in a short run or long.
it is clear $10k it will come in the long term, even I thought it would never happen. I can not expect much, if the price of bitcoin is currently difficult to back to $1000, after 2013. you are right. bitcoin prices probably will arrive at a price of $ 10k would require a very long time. I also was not too much to hope that its price up at $ 10k, but I just wish bitcoin up at a price of $ 1000, it's good enough for me just have patience like we all need to have. we can't do anything other than waiting. i aim for the $1000 price level to be reached somewhere in 2017. if it takes longer, then so be it. If the price does reach new all time highs, it is more likely to come during a sudden spike, until then we have to wait patiently, hitting $1k seems good at this moment. Its not at all easy to hit the price of $1k at a moment, I think it will take a long time to see that price, as price is below $700 now, so our primary target should be to achieve the price of $800. |
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Spending bitcoins is not good at all right now because you will lose profit on the halving that is coming this month.
You only need a bit more time and patient and believe in the halving right now, do not spend people.
If you want to spend bitcoins right now its your right to do this but I can understand you that its not smart. With the halving coming its not the smartest way but if you really want something it should not stop you from not buying it (spending). Very few hours left for halving now so I think we can hold our coins till then and once halving is done we have full freedom to spend our coins even if price is higher or lower. |
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Saving money in banks and in bitcoin is the best way, saving money in bank can be used for daily expenses and money in bitcoin can be saved for a long term to get more benefits in future.
I agree saving your money in bitcoin but in banks? No way. Banks make your money inflate and might be the reason to lose your money. Don't ever trust bank because they are bad dressed in good characteristics. We all are against banks after the existence of bitcoin, but what were we doing before we came to know about bitcoin? Majority of us were loyal customers of bank and preferring to store money in banks, and there are still many people who will continue to follow the same trend. |
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Gold will be always precious and important to me, so I will never quit gold as I have total faith in it the it won't let me down in future, and for short term I will invest in bitcoin.
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There is no ight time to buy bitcoins actually, its always a good thing to buy it and you will always benefit of buying in my opinion
Yeah even if you buy today and can wait for long term then you will definitely earn good profits in future, I bought yesterday when price was around $635 as I felt it was good price to buy some coins. |
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1 BTC is nothing. i would suggest you to buy at least 10 BTC and that is gonna be good investment to you. I heard good predictions about bitcoin. And in nearly future there is an oportunety to you double that money or even more than just double.
Me too 1 bitcoin is not really enough for a long term investment or if you are just going to hold it for a long time. Tendency that you are just going to earn small profit out of it. Why not take the advantage of adding another bitcoin to it or even higher. Yeah it would be really good to hold more then 1 btc for future as I don't think 1 btc would be sufficient to give you higher profits, I think we need to have at least 10 btc in our wallet. Holding BTC1 will really bring profits but the question is, is the earnings will be made for that 1btc investment will be worth it for 1 year? The overall earnings you can make by holding 1btc for a year can be doubled if you will put some extra effort to increase the quantity for the duration of one year. Yeah if we put extra efforts then we can earn more number of bitcoin and that will help us in the best possible way in future, more coins means more profits and comfortable retirement. |
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I was searching on google to earn money online and then I show that there is a way to earn money with bitcoin, then I came to this forum and started to learn how to earn from this forum.
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In my opinion, maybe because the price is fluctuating. So, they fear that if the price drops drastically.
Indeed. One of the possible reason is the fear to volatility of bitcoin. Some find it uncomfortable to put their money a coin that is not so stable enought and might had a chance to lose their coins. Volatility is the reason why people loss but also price volatility is the reason why people earns a lot from doing trading. People are afraid because they don't know what they are doing. They will never learn to do trades if they will don't build experiences. volatility should be utilized as a big advantage, but not everyone can take a good chance of it. yes they need to learn to get the experience. but those who stopped using bitcoin most of them get a scammer. Volatility should be treated as an opportunity to make profits and not as a threat of loosing money, if you are smart enough then you will take it positively and earn good profits regularly. |
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I get my bitcoins mostly in signature campaign and some of my bitcoins came from investment,altcoin trading,selling some credits like steam,garena shells,prepaid load etc. And all of my bitcoins is on a cold storage because i'm holding it for a long term investment.
Most people who are here certainly get bitcoin on the signature, but I guess it was not enough. so maybe some people gamble, investment and trading play to earn extra bitcoin. I do signature campaining too,but it is not the only way i get bitcoins,i also invest trade and sometimes, i click faucet when im really bored  I also buy sometimes. Try to get bitcoin for all methods as even small amount earned now can be more valuable in future so I am trying to collect bitcoins from multiple resources. |
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My first transaction was horrible as I sent btc to wrong address, and I lost 0.2 btc in it, but that was my stupidity and mistake so I cannot afford to blame bitcoin for that.
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I thought 2016 was the year of bitcoin.
I am not too concerned or i dont care with itt he important thing is I could get profit and bitcoim continue to live and have a high price. it is quite encouraging to me yeah, i am not concerened so much about these things either there are many more important things to occupy yourself with. but it is also interesting to speculate about bitcoin and its future to see how it is going to work out for it and how long does it take to do it. Well, in my opinion every year should be called as the year of bitcoins as long as there is nothing wrong that is going to happen in a particular year like market crash, I believe we are improving and that would continue in the coming years to come. yes ofcourse. some poeple says that 2016 is the year of bitcoin. some says that 2017 is the year of bitcoin and what about 2018 and so on. but to me the whole future is belong to bitcoin. The highest achievement in 2016 of about $770, if the next year continues to rise it could be years of the bitcoin annually. so I think the next year will continue to be a year of bitcoin, because of the increasing development of bitcoin. The year titled Year of the bitcoin should be the year where bitcoin was strongest and at its prime. In the year 2013 bitcoins value went past $1200, which is the highest its ever reached so far. So shouldnt 2013 be the year of the bitcoin since no other year has yet to have bitcoin with higher value? Yes and if bitcoin crosses the price of $1200 in this year then we can say that this is the year of bitcoin, as of now its not happening but may be at the end of the year we can achieve that price. Acceptance of steam to bitcoin is already a success for this year and not just steam but others company also that are accepting it. So we can say that 2016 is already a year of bitcoin. And if the price is going to be at four digits and then that's a good year for bitcoin next year. That's true and after steam we can expect more companies to start accepting bitcoin as a mode of payment and price is at $650 at a moment which is too high in compare to last year and this trend will continue till next year. |
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Tell me all about it
My least favorite thing about bitcoin is its price volatility Its value changes very rapidly to the point that your money will be tripled in just a week or will turn into half in just also a week. But that's what also I love about a bitcoin since I am trader, a very high risk trader, I love investing in bitcoins since it can make my money grow in a very short span of time. I think the price fluctuation makes it a bit less favorite in the new investors who wants to invest their money into bitcoins, as they have a fear of loosing their money looking at the price volatility. Price volatility is an opportunity to earn quick profits if you take it positively, and if there is absence of price volatility then majority of traders will not be interested in bitcoins. |
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