For now, i'm not actively spend my bitcoins. Because i'm colleting my payment with bitcoin for now. I have a plan to hold it until the price of bitcoin increase and i predict it at the end of this year.
Yeah everyone is predicting higher price at the end of the years so its good to collect as much as we can till we reach there and sell it off when we see higher price. |
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Wise men diversify their investments and always seek out extra inflow of wealth, so do i by their lead. I am not yet ready to give up regular full-time job because
currently it provides me with much more income than what i earn with bitcoin.
I know some people that did commit soley to bitcoin, but sadly it didn't work out for all of them, and some now have huge loans (mostly those who invested in bitcoin mining operation) and
have no good source off income to return it.
One day in the future i believe there will be enough space and wealth bitcoin related, and many will find their place in bitcoin related service or jobs, but for now, it's best
to leave it as a side job, and additional source of income (or better yet just save it on the side, because we all know that bitcoin will either thrive one day)
If i was able to make that much money with the bitcoin i will go full into the bitcoin for sure but what i also know is that it can be a big risk to go full into the bitcoin. Actually the fact is we may earn descent amount of coins on regular basis but we don't know what value it will hold in future and that makes it really risky to get full time into it. |
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I'm not yet on that level but, day by day, I'm coming closer to this long term goal. Part of my BTC funds I will invest in my own online business and hopefully this will speed up whole process  I'm still optimist and believe that very soon I will be able to get rid from my regular job and that earnings from BTC will replace my regular salary 100 % and even more. I always try to get bitcoin every day. I always learn a variety of methods to get bitcoin so that someday I can live in bitcoin. only one problem. bitcoin has not been so accepted Don't think of acceptance part at a moment, that will be done in future, try to get as many as you can as it won't be easy in future to collect bitcoins when price will go higher. |
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It will depend on population of country and the percentage of people aware about the bitcoins, if people are tech friendly and believe in innovative technology then they will surely start using it.
Indeed, those who like technology and innovation are more likely to use bitcoin. I do not think that Bitcoin is that popular in my country because if it was then more stores and people would make use of Bitcoin. But that is not the case so that is why I think that Bitcoin is not that popular in my country. People have started to know it slowly and steadily and users are increasing, but yes there are not many places where we can spend our coins at a moment and I think it will take long time for that to happen. |
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No I will not accept my salary into bitcoins because its not pretty nice to have it right now into the bitcoin.
I still have to pay all my things with the normal currency's so its not really worth doing it right now.
There are credit card providers already, so you can deposit your BTC and pay as usual with CC. No problem there. I think you mean debit card, it has a big difference, what I know is that we can fund our debit card with our bitcoins and if that will happen our employer can easily provide us with debit card and we can spend our salary anytime. The real problem here really is the value not on how are we going to spend our bitcoins. IF there was an option to choose between earning money as my salary or earning bitcoins as my salary i would say give me bitcoins because bitcoins wil be worth allot in the future! There is no assurance that price will rise in future and even if it goes higher we need to wait for that and we cannot afford to hold them that long without spending them, as we need money in our daily lives. |
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Have you ever lost Bitcoin?
If that happened, why? Was it your own fault, or were you scammed?
Yeah I have lost Bitcoin in the past with gambling and just spending them in real life but I was never scammend or hacked. I am sure that it can happen with Bitcoin but it did not happen to me. Yes and if you are into gambling then loosing there is a common thing, as you cannot expect to win every time but I still feel that loosing in gambling is good instead of getting scammed. |
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I'd probably put half in Ardor then the rest in a few other alt coins and do some commodity trading.
maybe I'd be pretty confused to split my money to save, invest and grow money. the need for a solid plan to divide your money appropriately. There is nothing to get confused, if you are satisfied with the price then you can sell a part of it and rest can be invested in trading where you can gain good profit on regular basis. |
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My biggest problem with Bitcoin is that when you decide to invest in it that from that point on you have to wait quiet some time.
It can be a while before you start making any money with Bitcoin, that is the only problem that I have with Bitcoin.
If you want to make money in bitcoin then patience is the key, if you lack patience then there is a full chance that you may get panic and take wrong decision which can result in loss. |
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I think that for a lot of people going full time into bitcoin is simply not possible besides those that are making a killing with bitcoin like exchanges, casinos and the like the average user of bitcoin is not making much, so I don’t think that is a realistic thing to do in the current environment.
People who have good stable job with high salary will never prefer to quit their job and get full time in bitcoin as they will never get stable income with bitcoins. Yes no intelligent person is gonna do it,for me bitcoin earnings are extra income for me,its the bonus and helps me alot but not earning a penny in fiat and earning only in bitcoin,then life is gonna be difficult for me and so i am not gonna do it,I love bitcoin no doubt but i love cash money more to be honest. What you are saying is correct, even if we could earn all our money with bitcoin, mass adoption has yet to happen so it will be difficult to spend our bitcoins, at this particular point of time is better to earn fiat and also to earn some bitcoin, maybe in the future this will change but that is the situation right now. Yes and whatever you are earning from bitcoin should not be spent at least for next 5 years, as price will be much higher by then and for our day to day expenses fiat is best at a moment. |
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Currently I do not have a lot of bitcoin but I’m not going to sell it I really think that bitcoins is the future, so even I don’t have a lot of it I could make a small profit out of bitcoin, since making small earnings is better than no earnings at all.
That is right dude, and even if you are just making small amount but if that is consistent earning you can accumulate it into bigger amount in the future. the consistent earning is better than unpredicable earning. my daily earning around 0.01/day. from mining and other sidejob, so in 1month i can earn arround 0.3btc, i think it's enough to paying my daily needs. or we can holding in and never sell it until price back to $1000 If you are satisfied with that amount then you should be happy with it but for me that is not enough for me, my goal is to have a least 1 BTC a month combine of all the available money making method here. Yeah if you can manage to earn 1 btc per month on regular basis then I don't think you need to work on anything else as in my country 1 btc is more then enough to live a luxury life. |
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I'm not spending it right now, I believe that at the moment the best thing to do is to keep it save, I will only use them or cash out after something around seven months from now..
Its good idea to hold on your bitcoins right now and just keeping them safe,but still you cannot say anything about the price of bitcoin where it goes at what time,so i dont understand your theory of seven months,well i still spend little bit but i am also planning now only to collect bitcoins. yes try to collect as much as you can and save it for future and if everything goes fine then we will witness much higher price at the end of the year and that would be the best time to sell coins to gain higher profits. |
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Doubling bitcoin is very difficult and can not be done with an easy click on the button. Lets say you have 5 btc and want 10 then just keep doing what you were doing.
Just keep on trading and like this you can keep doubling yourself which will get more difficult every time cause your capital keeps growing.
Plus the risk is getting higher. Well if you have 10btc already then I would gladly take the profit even if it is just enough. As long as there is still some. If you are good at managing it then you can do some other stuffs that are less riskier. I think buying new coins that are being advertised highly and have potentially should be bought and then sold on higher price, hey don't wait for the price to be doubled to sell the coins, sell at 20-25% profit and then try the same method with new coins and hence you can easily double your money but beware you might also loose a lot. The idea is good buying new coins then sell it if you see a profit of 20% up but this will take time and OP needs to focus on the chart. Anyway you have to work hard if you want to double up your Bitcoin. It takes time but once you were able to do it once then you will be able to do it everytime. What i do to double my Bitcoin is check for tip from tipsters here in Bitcointalk try my luck with their tips and mostly if you are following a good tipster then you will profit always. Yes and when it comes to trading, doing continuous research is mandatory as you cannot afford to invest money in any altcoin blindly without knowing its history or else you will surely suffer huge loss. that's how a lot people here always have been. when they buy altcoins it's just their hope that the price goes up as they are waiting for a massive pump to happen. they haven't done anything to get to know where or what they are investing in. these people mostly end up making losses as it is basically gambling that they are doing. there are no other words for it. I think if they experience of loses its a part of study if they are experience of loses they will learn and they dont do that again. Experience is more important than you just read and follow their procedure.. no matter how many years of experience you have, there is no way to know that a certain altcoin will see its price grow significantly. people either guess and hope that the price will go up a lot, or they use insider information when they are close to the coin devs. I think we should go through altcoin discussions thread to gain some information before investing into any particular altcoin as there are many tipsters who are providing good tips related to altcoins and that can really help us. |
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of course i will accept it, for me get salary in bitcoin is more simple than cash hand like now.
i can growing my money with accepting bitcoin, i can get more benefit with holding it.
So what will you do when you need money for basic expenses and if you see price crashed down? Will you wait for higher price or sell your coins at lower price? |
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No i am not buying bitcoin because i invested my money in #ICONOMI, a Fund Management Platform for Decentralised Economy. So i am waiting to get profit from that site, I have some coins and i will buy some bitcoins when i think price is going to increase within next few days then i will buy some bitcoins.
I really hope that it doesn't turn out to be scam in long run and you will manage to get good profits on your investment, as I have very bad experience with ICO in the past so I won't prefer to invest there. |
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right here only my family know about bitcoin. because I am in bitcoin and I am earning a vary good mow through bitcoin.
I cashed out my money many times. now my family is trusting bitcoin. it is really a good thing..
may be more people in my community know about bitcoin but they are anonymous.
Yeah even my family is aware about bitcoins and when I showed them the real results of earning money then they started to have faith in it, but as they are not tech savvy they prefer not to use it. |
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Well right now i am not earning that much on a daily basis well i earn about 0.02btc per week.So pretty less earnings but as of now i am only a student and studying and after few months i am planning to do some investements so that my earning may increase.
As a student its a good amount to earn, as when I was a student I was not having any option to earn money, so I always had to depend on my parents for pocket money but you are really lucky that you have bitcoin now. |
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Yes it is! for so many years come into bitcoin, and build a strong community it has a big future sooner or later. I have faith into it, I do believe it will be the key to success to any countries.
That is right. The bitcoin has big community and the development team is also very good. It has many supporters. At a moment we cannot say that bitcoin community is huge but its developing day by day and getting bigger and bigger by time, and if the same continues then bitcoin will be huge in future for sure. |
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I use Bitcoin for investments and as a means of payment on the betting sites
Definitely, bitcoin is good in using in sports betting because we can easily transact and we are anonymous betting in such gambling sites, though our countries are ban with bitcoin we are give the opportunity to gamble therefore it is good to use bitcoin in gambling site. There are a lot of uses of bitcoin. But I think using it for gambling is the least of it. If you just gamble your bitcoin, then you are just losing it for nothing. It is better to invest it or just spend it on something, at least you get something. You can still just hold it, it's not necessary to do anything with it. It may not be as good as trading, but I think it's better than spend it on something. Well for me it is really a good thing if you are just going to be balance with it. Just like doing both, saving and investing with it. So while you are holding some bitcoins it is really a good thing while you are on that move. You are going to have some investments just like trading, so that you can maximum your profit. Yes its good to invest them in trading where it will give you an opportunity to make profits, holding doesn't involve any risk but it will not increase your number count in future. |
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Yes price of bitcoin really matters to me as I buy only when I feel that price is low and sell them when I see higher price so that I can collect some profits from it.
Yeah it does , Bitcoin's price is good point for joining the bitcoin world because it has good prospect and the price is keep going up every time. Also , you can doing investment too like trading and holding. You can get lot of benefit if start bitcoin's journey. Yes when it comes to bitcoin, price is a major factor as our actions and decision will depend on its price as we will sell our coins only at that point when we are grabbing good profits from it. |
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Hmmm really nice list you have added and appreciate your effort and thank you also for providing these informations.Well out of those i only tried moneypot investement which has given me good return so far.I think you can also add sites like btcpop where we can invest in loans.
Thanks. moneypot has been great for me to. I have bad experince with btcjam and bitbond, so i decided to stay away from p2p lending. To many people didnt pay back. But if you make good % then its great. Good decision to leave lending, we are here in gambling now and what we do is to invest. I agree that it is profitable investing in a gambling site especially moneypot but you can always minimize the risk by spreading your investment as there are also a lot of reputable gambling sites here willing to accept investment. not moneypot, they seemed to be profitable at first but from the time i invested in them i have been losing money and i have not yet recoverred my losses. i think it can be turned around and become profitable someday in the future if i am lucky since the house always wins but apart from that i am disapointed. Casinos goes like that, i like invest when casino has lost a bit. Invest on a peak can make it take months to back in profit. That's true but I still feel that investing in casino sites is still risky for me, instead I will prefer to invest them in altcoins where I hold good knowledge and can help me in earning good profits. |
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