1$ for a bitcoin seems unrealistic to me.
If it would drop that low nobody would buy it. Bitcoin would simply stop to exist.
No miners would run a bitcoin mining software. So no transactions could be made what would mean the end of bitcoin.
I think that even 50$ per coin would lead to an end.
No unless its holding some value we cannot say that its dead, and if it falls to $1 price then there are many people who will prefer to take risk and buy at even that low price hoping that price will rise again. I now I would take that risk. Unless the cause of the price drop is the block chain itself, I will still invest in bitcoin. It is a chance I will not ignore. I ignored bitcoin once, when it is still on its early years, I will not make that mistake again. I will buy bitcoins even when it hits 1$. |
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i think invest at great altcoin is best option. like buying ethereum classic, Im buying ethereum classic at 280.000 sathosi and now the price rising to 470.000 . if you give me 10btc i will double it with altcoin trading  There is still no guarantee that you will profit in ethereum with what is happening with it. Actually there is no guarantee that you can profit in any alt coins. Except for a few solid alt coins, they can easily be scam in just a blink of an eye. |
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Im ethereum mining. i will choose to sell my ethereum then buying etc. because the ethereum classic rate is very cheap now and the price of eth rise arround 20%
Well that is the main thing to do. Also these currency is for profit taking purposes so better take advantage when it's price pumps a little. But of course like I said, it's for profit taking only. No way it can reached that status of bitcoin today. I think it is better not to sell the bitcoin when there is no price bubble. If the price rises to $5000 in the next 6 months, then it is better to sell some. If the price rise about 20 percent of the current price then you can sell bitcoins. Then buy back again when the price drops, that way you will be earning more with the bitcoin you have. That is what I will do if I have some spare bitcoins to exchange. |
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i remember the surge to the moon and the time that everybody could mine bitcoin back at their home with their PC and only using a decent GPU and earn a lot of money doing this. but sadly i was too lazy to start mining bitcoin back then  that is just too bad. You learned it early but you ignored it. You might have been a millionaire now if you started with bitcoin just a few cents in price. |
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Bitcoin wallet is much safer and it doesn't cost any monthly fees unlike those banks with high unknown future risks.
I'm not familiar with banks that you pay for since all banks in our place actually gives you interest for using their banks and I've never had any problems with them, nor my family. For that reason, I'd still use banks over bitcoin wallets since the risk of losing value of bitcoin isn't something that you can just accept when you're holding huge amounts of bitcoins. My bank also does not charge any monthly fees. It earns interest but very low percentage. Almost just over 1 percent per annum. While bitcoin wallet does not earn any interest, bitcoin itself has a large chance of getting a very high price in the future. So if you put your money in wallet as bitcoin, it will grow as an investment. |
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I spent it actively but i need it to convert first in cash to buy anything i want. Because here in our country they not accept bitcoin as payment to department store or online store. But in billing they accept it. So we need to cash it first before we spent it. Hope someday they will be stores that accepting bitcoin as payment for much better for us to have a bitcoin.
That what I am hoping too. I also do no have any stores to spend my bitcoin directly in my country. Luckily there are a few exchanges here that I can convert my bitcoin cardless. |
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if you know the potentially of bitcoin in future you will leave your realjob now and focus at bitcoin.
Did you really quit your job to focus on bitcoins? I would love to work with bitcoins but it needs to be a real job, with a decent salary and some sort of job security. Bitcoins has a potential for a good online business. So if you do have a business in mind that can grow rapidly with the help of bitcoin, then you can quit your job and focus in it. But if your motive is to replace your current job with bitcoin job, then I see no point of doing so. Just do both, one full time and the other as a part time job. You decide which is which. A business could produce you a continuous source of income, so it is a must if you want to go full time in bitcoin, along with your business in real life, the income of both, you could then quit your job... But that's right, if you only want to feel the comfort of your home while working, that's insane, you would end up losing everything...  There are many people that they choose to work in their home because they want to spend more quality time to their children and they become successful, and i think it is possible to be successful in bitcoin if you work in full time with it. The possibility is limitless in bitcoin. We have not yet uncovered everything. As more people uses bitcoin and more merchants accept it, there will be more opportunities to earn from it. Not just jobs or signature campaigns or gambling. Many more opportunities will come. |
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Well from ~$200 a year ago to ~$800 a few weeks ago that's your wealth times 4 right there. If you'd been crazy enough to sell your house and turn all your money into Bitcoin last year, you'd have a pretty nice stash of cash right now. Now if only I can get my hands (or finger) on a Supreme Kai's time ring  If we have only known, right? but there is no turning back time so the only thing we can do is collect bitcoins now, so we will have no regrets in the future. the 400 percent interest can still be possible a year from now. |
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If you do not to rely on the mined coins to make a living, it is better to just hold the coins for the long term.
Yes, I agree with you that if it is not the only income that you have it is much better to just save it and wait for the right time to sell it when its price is high. Or you could sell some of it if you have many and try to grow it by investing it to some good investment sites. It would be nice if while earning it you could still earn some from it by trying those bitcoins to work for you. Saving them for future is a good thing, but you also need to take benefits from price fluctuations, sell when its allowing to make some profits and buy again when price drops. Well, that is the basic principle in trading to make money, we need to follow that no matter what and also in trading we need to control our emotions as it is also risky like gambling. If we have that attitude, surely we can succeed in trading and we will not easily panic and patience is virtue. Yeah patience is the key in trading, even if price falls you should not get panic and should hold your coins until you are not making some good profits from it. Panic selling will ruin your trading career. If one wants to be a trader, you have to have a nerve of steel. If you are sure about your prediction, even if the price contradicts you, stay with it. It will turn around and you will be profit. |
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I am saving part of my salary by buying bitcoins monthly, whenever I get my salary I put some money in bitcoin irrespective of the price, as price will reach to new level in future.
this is still a good way to save. investing on something that you truly believe that will have a great future. bitcoin is now have a good future, and sure to have a very high price in the future. instead of putting your money on the bank, put it on bitcoin. |
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I think that my parents or friends should help me in this situation, or i will use bank in this situation, but anyway i hope i will not lose of money in future.
Actually that's the basic thing that you could do, but if you are already earning and capable of paying, I think it's a little awkward to ask help from parents, we all know that they too need money for their living. The same with friends, we know that they too might not have an extra cash...The best is to just make a loan on bank.. Banks will kill you with their high interest. If it is just a few hundred dollars, then it is better to loan from friends or family. Just be sure you to pay them the soonest time possible. It will be awkward if they start unfriending you on facebook because you do not pay debts. If it is just few hundreds, then it's good to just ask your friends, but if you are in desperate need, I think it is something big coz if it's not big like a few bucks, for sure you can handle it without borrowing.. Loans in lending companies or banks are the best instead of borrowing from a friend, you will always be in debt of gratitude to them, friends will also borrow money to you, what if you don't have, that's shameful, while in loans, you don't have to do the same.. That are friends are for. They will be there to help you in times of trouble and need. I am sure they will be willing to lend you some money if they are true friends. And I am sure you can help them back, if not financially, then on other things that they will be in need of help. It is not always money that you need, sometimes you just need a friend. However there are also instances that you friends does not have anything to lend also and in that situation you have no choice but to go to the bank to lend some money and bear the interest, so it is really important to maintain our reputation so that in times of trouble people will trust us and lend us some money. Then you really have no choice but to go to financial institutions to borrow some money. Problem is, you cannot borrow without a collateral. Reputation alone is not enough if you need to borrow a lot of money. |
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It's not every day i used bitcoin . Every month I spend it for paying electricity, water , and monthly premiums to SSS . But sometimes it also takes money to buy me with the school for the project for not relying on my parents . So if you have some left , I leave it to my bitcoin wallet to grow my savings . It would be nice because if it be spent monthly for greater carry you money .
But I spend my bitcoins a lot on the online bitcoin market, because there is more to buy these days. I also gamble a lot but this is with low amounts only so I will not lose a lot at the end. Sometimes getting profit also from that. i dont gamble because it is just a waste of time but i do some spending from time to time to earn good money out of it over time That is cool. With spending it it can cause a little movement to our good bitcoin currency. But you cant stop a gambler that is their way of thinking they might have a chance to double their money. And they should be responsible with their decision as gambling is too risky, it is fine to actively spend our bitcoins but make sure when spending it, return will also follow. In gambling most of the time we lose but that is just fine if we are enjoying it as we cannot just work without leisure sometimes. Life should be balance after all. Everyone has the decision on how to spend his own bitcoin. We cant blame them if they fall on doing thigns that could possibly waste their hard earned bitcoin. Having leisure sometimes is good but dont play too much since it would surely lose all you money. They decide where to spend their bitcoins but you can also give them an alternative. Or at least warn them if they are spending their money in the wrong way. |
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if you know the potentially of bitcoin in future you will leave your realjob now and focus at bitcoin.
Did you really quit your job to focus on bitcoins? I would love to work with bitcoins but it needs to be a real job, with a decent salary and some sort of job security. Bitcoins has a potential for a good online business. So if you do have a business in mind that can grow rapidly with the help of bitcoin, then you can quit your job and focus in it. But if your motive is to replace your current job with bitcoin job, then I see no point of doing so. Just do both, one full time and the other as a part time job. You decide which is which. |
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Yeah in savings you have access to your funds 24/7 which is not possible with investments as if you withdraw your investments before its maturity then you will go through losses.
That is why you do not invest the money that you will be needing immediately. You should just invest the money that is meant for investing. You should have savings for emergency purposes, savings for your retirement. And another savings for investment. Investment is needed to grow your money so you can have more money in your saving banks. |
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Just to make everyone aware, there are a few security risks presently affecting mobile devices that require people to be vigilant. Firstly, there are still fake, malicious wallets circulating on the App Store, always make sure you use download links from a reputable source. Secondly, some wallets are automatically backing up private keys to the cloud. Keys stored online are potentially a serious security risk. Make sure your apps aren't doing this, or if they have, move your funds to new addresses immediately. It's generally good practice to only keep small amounts on portable devices in the event of physical loss or theft anyway. Larger sums should be locked away in cold storage, offline, somewhere secure. Thanks for the advice. I do not normally have large amount in my online wallets. It is good to know that it is the right practice. |
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There have been a lot of scam investments. What else would I believe in if not bitcoin. Bitcoin is promising an easy and fast invesment and I will that for now until all of this ends.
though those scam investments shouldnt make you dont want to invest into bitcoins, i think bitcoin will always be the best option so i put some money into it daily Yeah we have to be more smart in choosing the investment methods, scam can be seen in every investment but how we are making profits in that means the matter. Just avoid those overly hyped and too good to be true investment platforms and you will be good. Slow and steady profit from an investment is better than a very high profit but will run away with your money. |
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Exchange sites is almost like bank though you just don't earn interest when you store btc to them every year but somehow its like a bank, same thing when you store btc/coins on some online wallet. but a lot of us prefer to leave our coin on exchanges particularly traders.
i agree with you because you gonna hold you bitcoin in that exchange website where you can sell your bitcoin or exchange your bitcoin into fiat so that in future you can use it , like here in my country (for me ) im using one of the best bitcoin wallet ever because we can easily sell our bitcoin and then they going to deposit our money in bank and nowhere else, i think it is the best decision that you could ever do That is what I learned too from what happened to bitfinex. Whether they have been hacked or they hacked themselves, I know we cannot trust others to hold or store our precious coins. |
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It was too late for me to learn about bitcoin. the price was too high now. But even if I have heard about it in its early years, I may have not believed in it. Its price was too low back then and I probably will have reservations if the coins will be just another scam.
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Do you use bitcoin as currency? Or you use bitcoin as investment? Or both? I use bitcoin as currency and i never sell my bitcoin, but i prefer to use bitcoin when price is rising  So, how about you? I earn bitcoin thru signature campaigns and exchange them to fiat once I receive them. I am not using it as an investment or currency. It is just a tool for me to earn more money and make a living. Maybe someday I will try to invest it, but not now. |
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same here! i can see lots of indonesian people who are using bitcoins and they are also promoting their referral links about HYIP or mining site they have invested. the regulations about bitcoin in your country is the here in the Philippines. Bitcoin here is not legal nor illegal, invest at your own risk!  I think a lot of people Promote HYIP, CLOUDMINING with their referrals, and in my opinion not just Indonesian. I think almost all people from around the world is do that. I personally, often advise to people do not invest their money in Ponzi sites like that, because I feel too sad if the They exposed the scam. So do you think the Philippines is not doing that? thanks As long as the population is still growing, there will still be new people to scam. So HYIP, Ponzi and scams will never end. It is a source of easy money for their founder. So no matter where you live, people will ride into ponzi and will promote ponzi because of the greed for money. |
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