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well, you have to have money saved up since we all need money in every single aspect of our lives. besides there is the profit which banks give to your money that covers the inflation.
but at the same time, if you want to grow your money you will have to do some kind of investment. and to reduce the risks and still have a decent profit it is a good idea to invest in multiple places.
for example i invest in bitcoin, gold and a couple of other small businesses (with cash) for profit.
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i remember when bitcoin was going to the moon the first time, as the price rose each day towards $1000 and more, there were a lot of talk about 10K is the real value of bitcoin. and now again there is such talk once more.
anyways neither now nor then i believed that such a price is possible. bitcoin is going to rise and reach 2K, 3K USD but it is not possible to reach that high. there is not going to be enough demand.
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BTC/USD seems to be stabilised at around $420-$430.
Thoughts and predictions where it's going to next?
Even though it has been passed 3 months since the first post in this topic, the price of bitcoin is the same ~415 USD, i think that the massive grow of ethereum has take traders to trade from bitcoin to ethereum but i believe that bitcoin will not go under $400 this month. There surely will be a few traders that have made the BTC/ETH ticker their main ticker, but it's just a matter of time before the insanely high price comes down. It will probably take a few month as the ETH hype is still running strong. I seriously dont get what the hype is about. Esp when a major alt coin exchange vanishes after being on this forum for like 2 years + that should pretty much worry them.. I can see why some hold value cause like just-dice they use clams, but i dont get with ETH. Ethereum is getting major attention as of late maybe that's casting a shadow over bitcoins Keep hearing about that coin and yet I have no idea what its value is, have to look into it Bitcoin should go up at least 2 more times before the summer I would think. Usually dips in Sept. If I recall correctly. go check it out. it is a very interesting "Market". but if you ask me ETH is 99% hype 1% an altcoin that you want to check out. this massive hype is the reason why you keep hearing about it every corner you turn. p.s. it is at the end of a bubble about to burst (possibly?) |
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just for the record, BTC-e has been active since July 2011 Sure they re up. There was never any doubt they would be up. Not every exchange is Mt.Gox.
it was surely scary to see them go offline, but seeing their announcement was some relief. |
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my strategy to invest my money is to invest it in a couple of places.
the majority of my money is in something local business related opportunity (in my country) the rest is spread between gold and bitcoin.
recently i am switching more of my money to bitcoin because it is highly possible that the price can go more than 2 times of current value which makes it a good investment for this year.
also i have some bitcoin invested into trading, mainly altcoin trading all of them short term investments.
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scammers can not have any significant effect on bitcoin price no matter how big it is. if the scam is huge (like running the pyramid scheme in africa) it is just going to create a temporary demand volume (which will raise the price BTW) and it is going to wear off after the scam became clear, in which case everything is back to normal again.
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As long as Sierra Chart and Namecheap.com still accept it, I don't give a shit about MS Oh, and newegg and overstock...  and dell also is accepting it, and you can add that steam will too, in the near future i also don't care about microsoft, never bought anything from their store i think dell has been one of the biggest companies that has been accepting bitcoin. especially since they have been doing it from 2014 until now and expanding this services to other places ever since. |
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Where is a good start to make price scripts from exchanges for my website?
do you want to add like a price indicator to your website or option to buy and sell through exchanger's API i am not an expert but for the first you can add a price widget to your site like this: <div id="coindesk-widget"></div>
<script type="text/javascript" src="//widget.coindesk.com/bpiticker/coindesk-widget.min.js?509e9d"></script> I want to understand API exchange
API exchange is basically sending an http request to the exchanger with what you want to do and signing it with your API secret key for security. and example: {APIRequestURI}/createorder&MarketName=BTC_USD&Amount=1&type=sell&price=420 then sign this with API secret and send it via POST method and receive the JSON response. |
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The cheapest way to through an exchange such as Bitstamp, Gemini, or the Coinbase exchange. They only charge a fraction of a percent.
all those exchangers charge a fraction of a percent (usually 0.2-0.25%) for trading fees but there is also another fee if you want to withdraw money or cryptocurrency from their exchanger which is sometimes a fixed amount and sometimes a percentage of the withdrawal (have to check their respective faq section) |
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always search the investment site's name on google and try to find some reviews about their service. you might find some topic about their scam which makes your job easier.
other than that you should try and find if they really have a business to use the investment in and be able to pay you profit or is it just Ponzi.
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your prediction will fail within next 3 months when bitcoin reach $1000 or more,upcoming halving will surely affect the price of bitcoin and most of chances are it will pump higher the previous halving.
i agree. OP prediction is totally wrong because a price like $700 is nothing big and eventually we are going to get there but it need more time. additionally there is halving on the way which can cause a bubble so we might even get passed 700 |
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i agree that bitcoin needs to be one of these two and can't be both because if the price is not stable everybody will think twice before spending it because of the possibility of price rise.
but i don't agree that we need to decide now and there is no turning back. bitcoin has been more of a "Settlement Layer" and more for speculation and profiting and it is going to be this way for a longer time but this can change in time. as more services start accepting bitcoin and as a result more people start using it, the price will become more stable and we get closer to becoming a "Payment Network"
it doesn't need to be so black and white.
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I'm tired of seeing so many depressing post about gambling losses so I'll start with something more positive.
What is the biggest win(s) you have so far gambling relative to the amount you started. I'll start,
Started with around 100 clams and took it to 5k clams rolling dice and wagering on random silly game with another degen.
3 dollar on a wheel of fortune slot machine winning 1000 on the first spin.
Took 1 BTC to 15 on Primedice.
500 dollars to 25k playing blackjack at a real casino.
Such good times....
it is mostly because the house always wins and gamblers are mostly in loss. so one win even if it is big means only covering the previous losses so nobody brags about it. the couple of profits are just exceptions. anyways, my only big win was winning 2-3000 Doge a year ago on freedogeco.in faucet multiply section which felt awesome mostly because of the big number not the worth |
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~~
Highest Ive seen someone win was over 1btc on a 1250x multiplier, he also has also hit that multiplier over 10 times now.
Edit:he has hit it 10 times.
~~
i don't believe this unless i see it with my own eyes. on 1250x you have a 0.07% chance to win. which is 1 win in every ~1500 rolls besides there is no guarantee to win even if you roll 1500 times so he must have played for thousands of games to win 10 times which means no profit because you will lose the same amount in those thousands of rolls combined. |
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this way is interesting for sure. but i don't think it is such a good idea to use a strategy like martingale for a gambling game like sports betting.
martingale is better used for games that are purely luck-based so you can make sure you are following a path to profit. but in sports betting you should decide on each match and win if you are like 80-90% sure of your win.
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i believe that bitcoin has a very bright future ahead of itself. it will be the money of the future simply because it offers a lot of good and useful features.
at the very least, bitcoin is going to replace all the online payment processors like PayPal. and that's the least it can achieve. because in comparison it is the easiest option with highest security while having the smallest fees.
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There's no such thing as forever lol. If we managed to sustain this price level, say for two weeks or so, then we might say that this is the new bottom for us, which is still quite premature even in that time span.
i agree, i am pretty sure that price will go back to 300$ but that would be very bad days for bitcoin, we're used to see price of bitcoin now higher than 400$, thought would be awesome moment to buy more bitcoins, would be nice to see drop to 300$ and then going up to 400$ again how are you sure about that? do have any reason for saying price will surely go down to $300 or just saying something out of nowhere? because unless a couple of massive whales start dumping a lot of bitcoin i don't see price go down $120 than easily. there is a lot of buy support after all. |
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atleast it can make the criminals have less risk than using fiat, that's why,even it's not anonymous at all,and bitcoin can be simply laundered by exchanging to alt coin there is always a way for criminals to hide their tracks and launder money. it is not just bitcoin. bitcoin is just a currency like any other. it has been like always, Al Capone didn't have bitcoin when he was laundering money in 1900s |
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Anyone of you had this kind of situation ? personally,whenever I start speaking about Bitcoin and how it will go to the moon and that kind of stuff , some of people start mocking (Friends , Family etc ..) .
I personally don't know how to respond in most cases honestly , I just believe bitcoin will become successful .
maybe you should reduce the amount of talking about the going to moon part and focus on benefits of using bitcoin instead of that. besides people are usually ignorant of these stuff until it is too late. don't worry too much about them. you just introduce bitcoin as it is. the part about price going to the moon is speculation and is not good to tell someone before everything else. |
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