why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Because if you will look at the charts of history of bitcoin. You will see the positive progress of it with its ups and down, in the end the price keeps on increasing. That's why if you bought bitcoin at $1,000 then you did nothing but hold it and the price reached $1,500 then you got $500 profit. Yes and another benefit that I see people gain by storing bitcoins is that they can do the price trading quite easily. Means if they stopped bitcoins when the price was $1200 then they can easily sell half of the amount when price reaches around $2000 and then buy more and hence slowly acquiring more and more bitcoins. |
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I beg to differ because Bitcoin dies everything a fiat currency does and more. The blockchain technology behind Bitcoin facilitates payments even better and globally from the comfort of your home with all the privacy you crave. I don't see where it's no longer a currency? Is it because it has traits of a commodity?
You are right and there is indeed a proper system made to accept bitcoins as payment : Bitpay Another reason why I consider bitcoins as a currency is because it's transparent, can be tracked, can be kept in a wallet and how can someone deny that bitcoins is not a currency ? I mean any valid argument regarding this statement ? |
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for me more better investment because the investment is long-term benefits I mean that I did not have much free time because of work and investment is thought to guarantee my future life
That is especially true for the bitcoin. It has risen a lot in the past 8 years. but it seems the trade also requires only a little time. because you only need a little time for analysis and then install order and wait until your order finished? Not really because trading requires immense knowledge and patience. You can think like you have learned in two days but that usually is not enough and that would be a big mistake in case you start trading with that little knowledge. Investment is better for those who have large bankroll and trading is good for those who are hard workers ! |
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I use analysis technical and fundamental for estimate the value increasing of bitcoin, for short term estimate I use analysis technical usually be used on trading bitcoin. I use analysis fundamental for estimate the value of bitcoin long time prediction, sometime the estimate was work and sometime doesn't work.  Technical and fundamental analysis doesn't work anytime and that the thing we do really encounter o n trading up bitcoin because we won't know on when and where it would go,theres no indication and it's too volatile that's why we should be a keen observer kind of trader. Estimating the value increase of the bitcoin is are really hard thing to do, and requires to be an experienced trader and a lot of researches on the market and the thing that influence it, and even then, you still can’t predict the exact price where the bitcoin is heading to, so the best thing to do is to watch the market and hope for the best. |
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Indian Wells is starting, we have Djokovic defending the title,for him it will be hard taks to achieve. We have Murray, Goffin, Tsonga, Wawrinka from one side and Djokovic, Nadal, Federer from other side. Clash will be good matches will be good. Murray should easily come to final but on Djokovic side he will have hard time in 3 round with always good Del Portro.
I afraid to bet on the favor players anymore, Djokovic, Murray, Federer, Nadal couldn't give me confident enough to bet on them. I prefer on the underdog this time, for now I still don't has any clear choice. We'll see, it's still pretty early, but I think we will get a new champion. The competition hasn't full start yet, currently on the qualification finals. Indeed that's true they have to play a string of matches and it's just a plain knockout tournament where you loose if you loose the match and in these kinds of tournaments is much better to bet on underdogs like for example you can bet on Dominic Thiem though I haven't been able to watch many matches of him and don't know where he stands. |
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There are many ways yo play gambling smartly but in my opinion one most important is not to over spend and have limitations and know where to stop. Thats the most basic strategy there is.
If you are a smart enough person then you will never come into gambling. The smart way of gambling must be staying away from gambling or quitting gambling. Yes, there will be no possibility of finding and using a smart way for gambling. It is well concluded. Otherwise we just need to have self control while into gambling. But most of the gamblers are not showing self control once they get addicted to gambling. So overall quitting must be the very smart action with respect to gambling. |
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not all gambling online is legal in most of the country. It depends on the law they had about in gambling or else they will be nullify.
That is the reason, bitcoin must be the future of online gambling. With bitcoin and online platform, one gambling house never need to worry about legal issues and citizenship of gamblers. They can have members from any country because practically they are beyond the regulations and they need not to bind with one country for the survival of their gambling house. |
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Gambling is never like investing if the tables are turned against you. It will always just be fpr fun and to try to win a fortune to spend on all the nice things you want. Ga!bling and investing are totally different
I agreed, but sometimes we cannot handle the mind of the gambler in terms of their principles in gambling, especially if the person is really addicted unto it. Even we say so many times they won't listen at all as long as his/her belief was differ than yours. But I know majority of the member in this forum believed gambling is different in Investing. Not really ! I am not addicted to gambling and I can suggest you some genuine ways of profiting from sport betting, for example take arbitrage betting where you find different sportsbook providing different odds, in short both the sportsbook provide opposite odds and you just bet on both the teams. This way you can never face loss, how can you say that addicted people feel like gambling can be profitable, even the non addicted ones think that way my mate. |
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We are still in 2017 but it looks like we are not near the $2000. Although its too early to say because we are still in the first quarter of the year and with the ETF not approved, looks like $2000 price range is far fetch for now.
No, bitcoin prices already hit $1350 price levels in few exchanges, it means people are optimist about the future of bitcoins. Hence I believe it is not too early to see bitcoin to hit $2000 levels it may happen in a week or month. It is obvious the traders had ignored the etf rejection and $1150+ stable prices are good witness for this. I really like his prediction, who wouldn't but I doubt because of a lot facts or fixed limits that needs to be established first before it can happen.
I believe everything will get resolved over time when there is a requirement for a solution. So the scalability issues will not persist for long. We just need to get ready to have huge prices for our bitcoins as per this video. |
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As much as I love crypto, I've learned that I don't have the temperament for investing. I'm too timid when it comes to finances. I'm fine with smaller investments...$20 here, $50 there...but the thought of buying an entire bitcoin (or even half of one) scares the bejeezus out of me I agree, I also don’t like to take the risk and a invest a lot of money into bitcoin, some people tend to dump all their saving and thousands and millions of dollars into bitcoin without knowing the fact that its future is still yet unsure, they may have got some serious profit but still it is so risky. |
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The price could get higher especially if the ETF has been approved. And you dont want to buy when it is in the high. Buy now for the chances of having a much better profit before it goes higher.
Well yeah its good to invest now in bitcoin before its too late the price is moving up and for those who buy bitcoin when its still low really earn at this time. indeed investing in btc is profitable and although it has risk you can still earn if you always monitor the movement of price. Bitcoin will continue to climb up and it is the best time to buy bitcoins. If we dont buy bitcoins today we will suffer tomorrow and regret the decision of not buying today. Bitcoin is very young and experts have predicted that it could even reach a one million dollar price per bitcoin. But those predictions will happen in a very long time and so before it happens let us buy bitcoins now so we can be millionaires in the future. It is so simple just think about it, bitcoin is like gold the more time goes by the higher the price gets and the more you buy and save now the more profit you get later, so your best chance to get rich is by buying bitcoin now while the price is reasonable before it gets to $10000 and you won’t be able to buy it. |
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Banks don't protect you from volatility in the real life as well. E.g.: You live in the USA and you want to have an account in EUR currency. The bank lets you open the account, helps you exchange your USD to EUR, but after the bank won't protect you from the volatility of EUR, that means you won't be sure that your EUR will worth the same amount of USD compared to the time when you originally had it exchanged. This is not a problem in real life, why should it be a problem in connection with bitcoin? A lot of peole use the volatility of different currencies and uses it to make money by exchanging the currencies at the proper time.
You miss two very important points. 1 ~ I pointed the question of how banks would prevent people from being exposed to the volatility at the user I quoted. I didn't say anything about banks to offer protection against volatility. 2 ~ Banks/governments don't consider Bitcoin to be a currency that sits on the same level as fiat currencies. So your example/comparison is not valid. That is true, for a long time now people have been complaining about why bitcoin is still not an approved currency by the governments, and thus making banks not interested in storing it, that is because bitcoin is something that is not controlled by anyone and it could change in terms of price unlike other fiat currencies which makes storing it in banks a big risk. |
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I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?
If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?
bitcoin is a cryptocurrency that we can earn thru online so when you dont have an internet connection you cannot earn while real money is the physical money in your wallet you need to get a job to earn money. the similar to them is ,they can be both steal and can be bigger if you are wise. It is true that the exchange rates of fiat are not fixed but they are also not unstable like the bitcoin is, the price of the bitcoin could change at any time and for no reason at all, but the fiat prices take a long time to drop or to go up and with a small amount and if they do change they change for a reason because they are controlled by the governments. |
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I play my profit.
You are relatively very new to gambling and with time you will come to know that why people worry playing with profits. Basically playing with profits is prohibited among gamblers because of the simple fact that if you don't take anything out of the gambling site, then chances are high at the end of the day you will end up loosing all. |
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I rather have Bitcoin instead of cash because:
It is safer
It can't get robbed from them
It can't break
It can't fall out of your pocket
but I'm sure you're still dependent on cash to any shopping to your needs dude. we do prefer bitcoin than the form of cash but we still need cash at this time Yeah cash is the priority when it comes to shopping or daily needs purchase. But actually bitcoins can dominate the world totally had the big countries just allow them at daily shops, which though seems like impossible. Moreover there are issues like confirmation time which we cannot just neglect since no one can wait 1 hour after the payment is made for confirmations. |
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Bitcoin is already a international currency. Many communities already have adopted BTC as way of transaction. Although many countries have banned the use of BTC. I have few friends from Bangladesh and they said to me that using BTC is a punishable crytpo in their place. BTC is also being used a illegal transaction tools in case of drug dealing, pornography and other illegal services. Finally, BTC is gettting popularity worldwide. To me it is as useful s fiat
You are right and while we cannot stop the countries to ban it but at the same time there is a humongous growth in countries like India call it for whatever reason, may it be government decisions and structure or let it be people getting digitized. I hope there comes a time when bitcoins are just another currency like USD, INR, EUR, etc which have a worth of their own in every single country. |
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I wouldn't consider it gambling because although it involves a lot of speculation, risk, etc, it involves knowledge which is something you do not have control of when gambling (specifically dice)
And trading is not as risky as gambling because sometimes time cures even the worst decisions in trading and that's one thing that never happens in gambling. I mean like you buy a poor alt coin and it got badly dumped then maybe with time it can rise again while loosing in gambling once means that you have lost it and no chance to recover unless you risk more moolah ! |
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Mainl I bet on basketball because that's really the only sports that I know which team is which but some other times when there is a nice tip on a sport like soccer or tenis and even in football I try and risk some bits.
That's good, we have the same interest in sports, I love basketball and I think I'm betting it regularly, both international league or local league actually. I never bet on sports that I do not know because I think I would rather do it with roulette or dice, it's more fun especially when you're lucky. Sports is really the most popular in the gambling industry so big money is coming their and if you know how to spot and fixed game, you'll be rich in no time. The problem with betting on baseketball and other famous sports is that there are more fixing chances in these matches. For example a sportsbook receive tons of bet on the favorite team and which seems like the only outcome, then they can fix the match and hence making us loose. I prefer to bet on less rumored sports like darts where not much fixing chances are there. |
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For me it's usually both hehehe
But these days I'm trying to make profit although it is kinda hard
Gambling should always be for fun otherwise it will become an addiction, I always see people saying that they are going to try the gambling for fun but they always fall into the mistake of making it a habit because they see how easy it is to win money, and they eventually lose money more than they gain. Now it becomes staying safer without getting additions would be the biggest task in front of gamblers than looking for fun or profits from gambling. |
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Here everyone knows that the currently the price of the Bitcoin at the peak of the sky . But due to the increase of the price the price of less famouse altcoins are became down . So here is a better chance to buy some altcoins? What is your thoughts about this guy's ? Share your thoughts  Yes now is the best time to buy altcoins as we can see and i observed once bitcoin price are going up the altcoins price are going down. Its the time to buy then keep because once the price of bitcoin down expect altcoins going up. But choose coins when you buy I agree with you, since the bitcoin has become hard to mine and expensive to buy people started to focus more on the altcoin market because it is the best way to exchange altcoin to bitcoin to make profit. When the price of the bitcoin goes up they start focusing on it which drives the altcoin prices down, so right now is the best time to buy them and save them for another time, but don’t dump a lot of money into them they are a bit risky. |
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