Maybe the first mistake is wrong word for newbie, Many newbie bitcoin finally get scammed by bitcoin based scam / hyip / ponzi / doubler.
Many newbie stuck in ponzi investment scheme, mlm, hyip. Because all they care about is profit. Do not think the risks or what will happen in the future. They think short and immediately make an investment without looking at the trust So when they get a scam, they cry |
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I think we all regret not getting into bitcoin any sooner, but the truth is that even if I knew about the existence of bitcoin when it was not worth as much, there is no guarantee that I would still have them, maybe I would have sold them, or maybe I would have lost them.
Yeah lol, because in fact people can not hold their bitcoin for long period of time let alone years. I'm one of the users from 2013 and I can buy a lot of bitcoin at a price below $ 300. But not until this year. I sold it a few years ago. |
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I wouldn't really advice investing in bitcoin when we see all the shit around. I would wait at least august to see what's going to happen. Doing it now it's not the best thing to do if you planned for a long term. Doing it now, with the current volatile price, you may get a good ROI in a short term but also a very high risk to end with a very high lost
If you're not a problem for big risks, investing in bitcoin is now a good choice because the price is in a good fluctuation and now prices are falling and it is very likely that prices will go up again. So buying right now is a great option |
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Better to sell at all time high and invest in other low price crypto currencies like ethereum. If you keep bitcoin at $2,400 and it will rise to $4,800, you will have a 100% profit. But if you buy another alt coin at e.g. $30 and it will rise to $300, you will have a 1000% profit!
If you dare to take risks, maybe you can switch to altcoin investment because the profits may be much bigger because the price change could be more than 1000% increase. While bitcoin is only a few percent. But if you want to be safe keep investing bitcoin |
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Is it better to save money in bank or invest it online, in real estate or maybe gold?
Each people is different. Save money in bitcoin form is such as investment but people who have big capital and skill shall try to invest in real estate because it's also good investment. Everyone has a different idea, if you already have a fixed income and salary, in my view it would be better if you prioritize to save than invest. But it does not matter if you want to invest but allocate the appropriate funds |
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It's really amazing to see bitcoin ATM and it's really fun to see it's work.
Overall I see that transaction using bitcoin ATM seems secure and simple , hope I can see mine on my place !
Now there are many ATM bitcoin that exist all over the world. I myself do not know how it works because I myself have never tried to pull bitcoin using ATM bitcoin, I really want to at least try it once to withdraw bitcoin from ATM |
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Which is the safest wallet to use?
I'm buying a laptop that will always be offline and used just to store my bitcoins. I'm wondering which would be the safest wallet to use to store the coins.
This is a good idea and I'm also planning this to do so. No other transactions, applications/sofware should be installed for that laptop. It will be your very own storage. Just make sure you hav safe vault for the laptop for safekeeping. And I have my choice which is bitcoin core for the wallet. I guess all of them are safe so its base on my own comfort. I think all desktop wallets are safe enough, you just need to install anti-virus or anti-malware on your laptop so no one will hack in your wallet. I've been using desktop wallets from 2013 and to date there's no problem whatsoever when I'm using desktop wallet (bitcoin core) |
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I choose bitcoin because many people choose it and can be trusted, can be trusted in any case. Its price can also send and receive money without any reason for some unknown reason bank and finance that hate it.
Thats right, there are many users in bitcoin scattered around the world and millions of users prove that bitcoin is safe enough for investment commodities or trusted currencies, so there's no reason not to use bitcoin |
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The reason you should buy bitcoin now is because we can see that the price of 1 btc is getting higher every day so if we buy btc now and sell it in the future, it means we will have many advantages.
It is certain that bitcoin prices will rise in the future. Then it would be highly recommended if you buy a lot of bitcoin before the price goes high. Do not miss the train again. Because many issues that bitcoin prices will rise again |
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This comparison are advantages aren't absolutely correct,
* Work offline 100%
and doesn't work online at all, Even CC and banks aren't cash
* No fees.
You still feel pay the fees, for buying from a supermarket, you pay taxes
* Accepted for Food Shopping & Micropayments
Non-online ones
* 0 confermations time
Indeed, but not usable online? and credit cards aren't "cash"
* 0 exchange risks
no, there is risk of counter-fitting
* anyone is able to understanding of the value of payment
BTC isn't rocket science, everyone can understand the basics needed to use it in quarter an hour.
One of the most prominent features of cash and bitcoin. Cash is accepted wherever you are at all places receive cash. While bitcoin is still limited for its use. That's why bitcoin is still so far from word can match cash? |
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Paper money have their irreplaceable position so they will long to live. Only the government is interested in switching to electronic payments. For example, I do not understand why when you pay in cash, the goods is cheaper than the transaction.
I think it depends on where you buy the goods. If you buy goods in real life in supermarkets or the like of course cash will take precedence. But in many online stores it would be better if you pay them with a credit card or debit card |
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1. Jared Spurgeon
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20. Jason Pominville
User Number : 2121350
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I have used low fees without many problems, sometimes to my surprise the transaction gets confirmed within a short period, some others I've had to wait days for them to confirm. On a couple of occasions after waiting forever, the tx were discarded by the network and the bitcoin returned to my wallet.
If you use an online wallet like blockchain. I'm sure if you use a low fee (like 10k satoshi) you'll get your first confirmation the next day lol. Because I tried it some time ago and then cured, and I moved out of blockchain |
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I store my bitcoins to in the future if the price will rise to earn a little money, but for me it's just entertainment because I have too small amount of coins and even if they will grow in price rich I won't. Probably the majority of people does not have more than a few bitcoins.
If you rightly keep it for the future maybe you can keep working and produce bitcoin. Of course the bitcoin will be a little more because you continue to produce bitcoin and store it. Of course it would be very profitable if you could hold it until the future |
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I don't think that Bitcoin will be lower than 1000$ now. It is growing a very good rate of growth and a 2000$ fall in price is not possible at all. Millions of people have invested in Bitcoin and i think that it will only grow in future.
You are right millions of people are invested on bitcoin if this goes lower $1k then no one will believe bitcoin in future. It will become dead currency. So I think it will never go lower $1k now. But there is a chance to come lower $2k. This is 70 - 30 chances are there our bad luck it may fall otherwise the price keep on raising. I dont think it will ever go below 1000 but I also don't think it will be dead if that happens. Haven't you seen the counter that counts the number of times bitcoin has been declared dead? The simple fact is its here to stay forever. I myself believe someday bitcoin will surely die. And the only possibility of bitcoin prices going back towards $ 1000 is when many people panic and keep the price down and it will make bitcoin to die. But when it's still a mystery |
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Indeed both ways are cost-effective lifestyle measures,act of saving money or investing has a different function for our lives,but I think investing in right place and giving us a profit is certainly a good alternative in managing finances.
If you want to invest it is not a problem, it will certainly benefit you, but it would be wrong if you allocate all your money for investment and leave the store? That's the wrong thing #imo |
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Trading is perfectly an educational guessing, because without knowledge earning from trading is really impossible. So the better learning about the digital currency market and all about the functioning of the entire system helps with the profitability than loses.
Knowledge and skills will continue to take precedence over guessing. If you just guessed for no apparent reason without calculation and without any knowledge. Of course it would be the same as gambling. |
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please change my payout address to 1FWWPaRB3guqYnGJmWFEkeEVQWy4B15sfx
Thanks !
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All my friends are asking me about Bitcoin now but I dont want to answer because I had told them about Bitcoin years ago but they didn't care about Bitcoin
Right now, my friend got interested in bitcoin and asked me about system or how to earn bitcoin. I've told them about bitcoin more than 2 years ago, when bitcoin prices are still very cheap. Now, when bitcoin prices above $ 2500 they interested. It may be that they were not interested in the lack of information. You just need to tell what you know about bitcoin to him. Anyway he will not harm you? Or let them see bitcoin on the internet |
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I store my bitcoins in my electrum wallet in my PC.I have been using it for the past two years.Till now,i have not found any issues.We could set our transaction fee manually.There is no synchronizing problem in this wallet.
I also use desktop wallet. It's safer compared to online wallet, I use bitcoin core and as long as I use bitcoin core I also have never experienced any significant problem |
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