I dont know how far the price can keep flying without get that hard dump, that should happen sooner or later, there is no way to keep growing with all the issues around the coin, but well deal at your risk, im sure the dump is coming but i never expected bitcoin to hit 1300 this year.
Panic selling is sure to happen. This is just a matter of time until the price goes up a bit longer and then makes a lot of users become interested in selling their bitcoin to get a big profit |
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Forget about everything else and just put everything on bitcoin. You are living with your parents, they pay everything for you, you got nothing to lose. If I was living with my parents, I would save everything and buy bitcoin monthly. If BTC doesn't keep rising you can still reach the 21 BTC holder group, then save this and retire in 10 years when the price makes you a millionaire.
Go all in on regret later. You are on a privileged position to profit from high risk high reward moves. No risk no win, and BTC is the best long term high risk bet.
What about old people? I think they should invest in BTC too. Their kids could use that extra money right?  BTC is a good investment for EVERYONE. This is a good investment for everyone, but most older people are not very well versed in modern technologies and even fear them. Yeah bitcoin is actually support for anyone. But parents usually do not want to learn about bitcoin. So they think that bitcoin is not for them. That's why bitcoin users are usually youths |
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Is it better to save money in bank or invest it online, in real estate or maybe gold?
It is much better to invest than saving money, although I'm not saying its bad, of course not. it is just in investing you can get profit in ashort period of time unlike in saving money, it is not but in saving it is very safe than in investing. Yeah saving it on the bank will gain you but it's very low, it's like you save $1,000 there and you'll earn $1 or $10 if I'm right. But it's good to save some money in the bank because that will tell you on how wealthy you are and that is something needed by everyone of us. And if your focus is earning at this moment, then go invest. I think if you already have the will and purpose to gain profit you can choose the investment. Because the interest you will get from the bank (if choosing a bank) will not give you too much profit |
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digital money more safer than paper money... future is digital concept
It's not only that we use because it is safe, what matters is to serve all the people and digital money is not for the poor. Paper money is very simple to use and there is no problem with using it, I guess it is also safe in the sense that your money is not vulnerable to hacks. Depends actually on your status in life, poor people has no interest with digital currency and paper money already gives convenience to them. I know this will be hard to accept for many people. But I'm sure as time goes by. Technology will progress. And people will start using digital money |
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People must use bitcoin because it is the future money to all nations. If people would only know how good it is to have a bitcoin in their lives. Because the usage was very convenient and easy to use and the features also is very unique too.
Actually there is no necessity to use bitcoin. But if you want to make them think that bitcoin is important to use. You have to say that bitcoin can benefit you |
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You ask how?
Well if bitcoin becomes a centralized currency the corporate overlords can use it to gain profit to their people.
Why would they legalize it if they can't gain anything from it?
You can see. Bitcoin can not be changed to centralization. The nature of the decentralized and anonymous bitcoins will always be in the bitcoin body. And that means bitcoin will continue to be illegal because the government does not dare to take risks |
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The best time to invest is when the market is on trend and the coins are hot, then that is a good time to invest because if you invest on a hot market and it means that the coin has a high possibility for the price to increase even more because one of the reason why people are investing is the volume and when a coin is active and hot then the volume is big so it will be easy for that coin to increase price and you will gain profit.
Usually I wait until the price goes down to buy it, but if the price does not go down I will wait for the rising trend to buy it |
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The answer depends on what do you mean by words "used" and "popular". If Bitcoin price was stable, it would be more accepted as a currency, but it's hard to tell how big this effect would be, since there are many other factors that prevent mass adoption. As for trading, in real life nothing stays the same in price for long, unless it's useless (like dead altcoins). So it's unrealistic to think about effects of stale price on trading.
You are definitely right. In our world there isn't a stable value of currencies, Volatility must be in financial market. So, I will reply to your question by YES. Even if bitcoin price will be stable, I think people will use it like other currencies. Also with this high value everybody want use it. People like it because it is volatile, It may be used as a digital currency but I don't think that it will be as popular as what is right now. It is popular because of it's volatility, though not only volatility but there are still others, but with a stable price it will be just used, but not that popular. True, bitcoin is notorious for having fluctuating prices and always gives a price shock so it attracts many users to use it. I'm not sure bitcoin will get popular when it has a stable price |
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If someday the whole network internet dies, the economy will totally crash since most of the people are sending and receiving money through the internet, not only the crypto lover. Therefore, we should hope that it will never happen because it will strongly affect to everyone on this planet.
True, not just cryptocurrency that uses the internet to live. But the financial data of all countries or banks using the internet as well. So I think the internet will not die |
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What is the advantages of MLM scam if I invest ??
I think what they offer is profit and wealth. But the way they give is to deceive someone to join and you can be an upline of them. I think this is a fraudulent way |
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Before i turned 60 yrs old, i think my children are old enough to know and understand what i'm doing with cryptos so i will try to explain it to them to understand it more and i will give them a copy of all my private keys for my bitcoins and alts so if ever i died, they can get benefit to my savings by withdrawing it and selling or exchanging it into fiat.
If you are old then it is better if you meet someone who is trusted to make a will. Which contains your wallet password. You can give it to your brother or your child when you're dead |
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Bitcoin will always be the number 1 cryptocurrency. It plays a big role in our society. So I think bitcoin and altcoins have a better future if they work together. I agree with you bitcoin will always be the number 1 for cryptocurrency, look at bitcoin already spread to all corners of the world. And already millions of people use bitcoin. And it can not be rivaled by other altcoins |
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Loans are very risky if you are asking me, you really need to trust the person to be sure that you can loan them bitcoins, if you didn't pay it when the days come that you really told that you are going to pay it may destroy your image if that people you barrowed money is impatience he will talk about your back and then will not give you second chance
Lending money to someone would be risky if you did not ask for collateral to him. Then ask for a collateral so that the risk is not too great and that the guarantee can compensate when they do not pay |
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Actually price of bitcoin is very important. Others depend his own profit in the prices of bitcoin. Importances of bitcoin gives an profit buy selling and buying of it. Since prices of bitcoin is not stable we can't predict the pumping of bitcoin either we monitor to make a successful profit or earning money.
Not just investors who think that prices are very important to them. But for all users the price is the most important thing. Because without the bitcoin price is just an unused technology. |
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Isn't it already an international currency?
You can buy anything from anywhere in the world, withdraw money from anywhere in the world.
What more do you want? A government to announce "hey sheep, bitcoin is the new money"?
Nope i think user waiting bitcoin is accepted in many places in the world. So they have many options for spending and they can use bitcoin directly without conversion to fiat first Bitcoin already accepted in most of the country, and there are more and more country adopting bitcoin nowadays, so I think bitcoin had become an international currency and we need initiative, dont wait but act, introduce to new user, it will help more people to accept bitcoin and there will be more shop accepting bitcoin so bitcoin will become more useful for life Bitcoin has not been accepted anywhere, but bitcoin can still be used anywhere as long as they have an internet connection. But users have spread all over the world |
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Easiest way. Get a real job. Buy 0.1BTC from exchanger everyweek. Wait for BTC price hike. Done  op ask about how can get earn 0.1bitcoin/week not buy bitcoin, if only buy bitcoin without ask all people known If you want to buy and sell frequently. Such as trading. You can make a profit and if you're lucky you can get a profit of 0.1 btc perweek |
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How I wish I can get rich thru earning bitcoins. But I only have few bitcoins invested to my simple trading. I hope I can get a jackpot on an alt that will rise to more than ten times the current price.
If you want to get another jackpot you can play gambling. My friend never get 3 btc from the jackpot. Jackpotracer site .. It is a huge advantage. And can make you rich |
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I have all my coins in on an online trading site (paxful) (low volume)
I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.
What is the best way to do this, and what's the best way of ensuring a backup?
How do you currently store your coins
thanks in advance for any inputs
Be careful about leaving all of your coins on an online exchange or storage site. The site could close down or get hacked. I prefer to keep some of my Bitcoins in an offline wallet to be safe. But I think if you keep just a few percent of your bitcoin in exchange it's not a problem. Most importantly your bitcoin is kept in a safe place like an offline wallet |
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I don't really think any altcoin will take over from bitcoin but it will have brothers and sister coins. Altcoin is to bitcoin as bitcoin is to the USD. So altcoin doesn't really need to have a chance with bitcoin. Unless a newer better version of bitcoin with better technology comes out. Its mostly up to the technology behind the coin and not the coin itself.
I think even though altcoin has great technology though. If the user prefers and believes in bitcoin. Then the altcoin will not be able to do anything including take over |
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I have all my coins in on an online trading site (paxful) (low volume)
I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.
What is the best way to do this, and what's the best way of ensuring a backup?
How do you currently store your coins
thanks in advance for any inputs
So far I am using Electrum wallet, multibit hd, mycelium, and exchange wallet. Which is so far I don't have any issues problem that I encountered before. Which means its really helpful to me If your goal is to save in exchange for a lot easier to trade it is not a problem but you have to allocate the right funds. Do not put everything in exchange because it will be risky |
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