the issue to banks is that bitcoin makes them completely unnecessary we do not need a bank to exchange our coins and even if they created their own exchanges to get a piece of the action decentralized exchanges are already here, right now decentralized exchanges are not very popular but I think that is going to change in the next decade and when that happens banks are not going to have the option of becoming an exchange anymore.
Well, we may not need banks anymore at some point, but you should not forget that not all of us. There are still so many people who still believe in the traditional system of doing things and also those who may not have the technological infrastructure like internet to even access the cashless society, so we cannot rule those set of people out. Yet, the activities would reduce and once the government starts getting involved in creating their own currency using the blockchain technology, is when it would even get more interesting. Yeah may be you are right that after sometime we will not be needing any banking systems to look after our money because all things will be taken over by bitcoins and people will be preferring crypts more than banks as they don’t have to pay extra charges and taxes on transactions because of decentralized economic system. Pus only transactions will be super-fast and furious in upcoming years. |
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It will be best of you will do both, if you have the funds available better to save fiat and invest some on crypto currency.
It is none other than you who has to decide this thing that which option out of both he has to opt for. I think of investing of money as the best option than any other option but prior to investing, you actually have to save money. Only then you’ll be able to invest your money in any kind of business. Investment will actually give you more opportunities for having more money for your better tomorrow. I think both of them are very useful and good for future if you keep bitcoin for future so it will help you in future and investment is also very god for earning and I’m doing both but my income from bitcoin is from investment and now I’m enjoying my life with bitcoin and I will advise to everyone be a part of bitcoin and change your life. Well both are important for a working person. People save money in different forms like jewelry, lands and others. So I think all of these forms of savings are basically an investment which people plan for their secure and better future. I also save my money in forms of property assets. Bitcoin is making the whole world amazing just by giving you many ways to keep your assists and money. |
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When is the best time to buy bitcoin and when do you think is the best time to sell?
I think its a great time to buy now but when is a good time to sell (if you have any idea please share)
Ofcourse buy low sell high this is only way to win in trading based on my research if you invest or you have an altcoin try to hold it and dont panic if you want to win just calm you always think that this is a game.  It is always a good time to invest in bitcoin. The present time is the best time to buy it because it price is increasing day by day. When you buy bitcoins then keep them with yourself as long as you can afford to keep them, due to its extra privacy no one will know about your coins. Keep updated your self from the market, when the price rises, you should sell your bitcoin then. |
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if the price of the coin decreases again when we have bought it, you have to buy it twice that in order to cover the loss of the first price.
for example the price of the first coin you buy is 100usd, a few days later its price drops back to 75usd or 50usd when its price goes down you have to buy 2-fold in order to cover the losses from the sale later.
well it's just a guide, i also know its from others.
Buying the bitcoins and that too at the time when the market prices are falling down is the best thing which you can actually do especially at the time when most of the owners are busy in selling their coins at cheaper rates. In addition to this, you need to sit back calmly in order to avoid panic selling as well. You need to make the best possible use of your mind for making wise decisions. |
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Having a job and trading is not the best idea because if you lose you will just be depressed at work waiting until the next chance you can invest again. If you are working you don't have time to focus and figure out a relaxed strategy so you end up making rash decisions just to try and start trading to make $ because it seems like that's what everyone else is doing.
But if you are talking about bitcoin or altcoin trading, then we cannot depend on trading only. It is necessary to have some day job or trading, from where have a permanent income, In fact bitcoin is still not much mature to totally depend on it for living. Although bitcoin has a very bright future but still the users of bitcoin are not too much and as still most of the countries also still not turn bitcoin as legal currency, therefore it is not a wise decision to depend on bitcoin for living. |
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People are earning and spending money without ever touching it. In a small percentage of the world’s currency exists as physical cash. The rest exists only on a computer hard drive, in electronic bank accounts around the world.”
Both have equal importance in the world of finance if the new version of currency that is the digital form has got introduced in the society and has many benefits over the other forms such as the physical money or the plastic currency such as the debits or credit cards even than you could realize the importance of physical forms even now. There are many underdeveloped countries and they still prefer physical money for their safety. |
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Limits must be made when our emotional timings start to appear and can not be controlled, we can also analyze when that time appears and should immediately withdraw to cool the situation, we can immediately move to another business or offline and rest.
Yes after we reach our limits we should withdraw everything instantly with more fees not the batch withdrawal and immediately forget about gambling and take rest. When you wake up you will realise how much profit you made and you shouldn't gamble anymore That is the only point for which wise persons are there to advise you. Don’t get into this fatal game. It will not be going to give you anything profitable. You will be having loss and loss at the end of the day. Don’t just put your hard-earned money in this waste, put it anything else that can grow it and your goal can be achieved. Whatever you do, ultimate results will be loss. correct there is nothing there in gambling it only takes your money again and again you need to find a stable investment gambling is just a quick money making scheme nothing can be done you need to have control on yourself and move on in life and find other places to invest rather than gambling The only way that you have a good chance to be successful in gambling is when you become an investor, either you start your own casino or investing in existing casinos, both have different requirements but they are both profitable. We need to think twice if we aim money in gambling as winning consistently is very hard when the odds are not in your favor. i agree starting a gambling site is the only the way to profit from gambling or by investing which takes a reallt long time and the returns and not as high as you mighg get by gambling It means that you support the idea of starting some business in terms of gambling .yeah you are right dude because when one gets successful in setting up his own house that offers a lot of space as well as variety for gambling then this could even prove to be the never ending method of earning. We all know that no matter what is the price house is always benefited through the interests and in this way they earn more than the players. |
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It depends on the amount of your salary. But, for me, 30% salary for investment is suitable.
I agree with you because shared 30% with 70% something suitable and not so detrimental  Everybody do have a level of risk they can take. While some can take some unreasonable risk and be ready to live with it, some can only take minimal risk and know that no matter what and in case the unthinkable happens, they really do not have much to lose. The same way the risk is high or less is the same way the profit is high or low. For me though I have been going 40% crypto and I am OK with that. |
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Of course Bitcoin would be the best coin for trading because obviously it is the original cryptocoinand would be the best coin to buy also for other coins in trading, although Ethereum is also a good coin for trading too and is a good coin for investment.
I will never ever suggest bitcoin for trading because of its high price. It will be a big loss if you accidentally lose bitcoin in trading. Trading is little risky and bitcoin is no more that coin which could be used for taking risks. For trading, the best options as usually are altcoins, they are very good for practicing and checking out your strategies in trading. Trade bitcoin only when you are expert. |
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When I need money or when I feel like I gotta sell and buy later cheaper.
There are number of different occasions when you actually find yourself completely helpless and you are left with no other option than that of selling of your bitcoins. The first thing you need to do is to avoid selling of your bitcoins. In case you have to sell your bitcoins, then you have to make sure this thing that you have to go for selling of your bitcoins nice you are having some good amount of profit in return. I am rather all investors are not in favor of selling of bitcoin at low prices. Everyone wants to keep bitcoin in their wallets because of the nature of the bitcoin i.e. it continuously increase in value over time. But if you are going through financial crisis and need money, sell bitcoin but make sure that your wallet is not empty of bitcoin, keep some amount always with you to be part of mega profits. |
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It sometimes is dependent in the present new's that's impacting btc just like when china ban bitcoin it has a excellent impact in the cost of btc and also the fundamental thing in economics the demand and supply btc price and every other coins depends on it..
Yes, the price of bitcoin depends upon its demand, if it demand goes on increasing then its price also increases but if it demand decreases so then its price is also decreased. Its price is only due to its demand. In case of China, a time will come when it will regret on banning bitcoin. Yes, it discourages the banking system and is facilitating people but on the other hand bitcoin is developing the country and increasing its trade. |
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LocalBitcoin is the easiest method to buy your Bitcoin no personal information is going to be supplied, the problem is just that you will buy at high quality over the market price but for me it worth it.
I think it’s not hard to buy bitcoin any one can buy bitcoin because bitcoin is here for every level of society and to buy bitcoin you just need a hard work if you start struggle here so I’m sure that you can buy bitcoin because when I was not a part of bitcoin so I was also thinking same like you but when I take a start so now I’m investing here. |
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I buy the new altcoin that is in pennies and hold them for a predetermined price to sell off and wait for the price to come down and the enter again.
It seems that you are a wise man. The real technique behind a successful trader is indeed to buy low and sell high. You trade in terms of altcoins and I think that it is more preferable than using BTC for the sake of trading because if you unluckily face a loss, then obviously it would become a difficult for you to recover from it. I myself have spent many years trading with the altcoins and have earned a lot through this method. My trade style is very simple.I buy coins at low rate and then wait for its value to go up. Certainly it requires longer period to be profitable. In my style there is not such a big risk of losing my money. I think bitcoin is a very best option for trade as its procedure is very easy and also it makes our money safe and give us a very fine profit in a very short interval of time. If anyone want to do any type of trade then he must check the market regularly. |
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Too much time for trading, isn`t a bad thing, it is good for your trading education.
That looks bad inside you is "you can`t control your emotions", which in turn made a lot of mistakes. And finally you assume "Don`t Spend Too Much Time Trading?", This is a wrong assumption.
It is not true that much time should not be spent on trading. Initially it may take more time but gradually when one gets experience the time factor minimizes. An experience person can do many things in short time and he can utilize other remaining time positively. I think one should not bother time if he can utilize it for his future which will stabalize him economically. If you give more time to your business you will get more experience in you business. You will be aware of from ups and down of the market and will learn more techniques. |
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I don't think bitcoin can end the world poverty. Because not all poor people know about bitcoin. And no one is teaching them how to do bitcoin.
There is no way that we can deny this fact that bitcoin is having lot of potential in making the economic condition of the people better. The thing is it is not at all possible for the bitcoin to end the world poverty and that too all alone. Like you said, there are number of people who actually don’t know about bitcoin. Bitcoin cannot change the lives of the ones whose lives are not associated with bitcoin. |
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I think anyone who is serious about investing in anything for a good return will invest in bitcoin that includes billionaires if there is a way to increase their capital they will try. To these people the price of a dew bitcoin is not very much whether they would invest millions is the question.
Yes same as you I do believe that the billionaires will invest in the bitcoin because now the value and the price of the bitcoin is increasing and not only the poor but the rich and the billionaires are also dreaming to get the profit of the bitcoin I know in the future all the people will buy the bitcoin and they will invest on the bitcoin and this is the time when all the people will trust and invest in the bitcoin same as the billionaires |
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I am happy to hear this.future generation should know the everything.this knowledge help them to know how bitcoin works like currency and asset.bitcoin transaction details also can find.it is 100% useful.
I think that is a bad idea because te schedule of a college student is loaded if you add that bitcoin it will be hard for them. Not much now because the college student are always the keen learner of the new thins and they want to learn about the new technologies I hope this will be the best idea to teach the college students about the bitcoin and we will see how fast the bitcoin will grow more I hope the bitcoin will increase more with this. So if the bitcoin will be famous and the schools and the college students will learn the bitcoin they will get the bright future. |
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No, that is extremely fair that the pioneers, who risked their money and time on something not at all established are rewarded. It is thanks to them that Bitcoin passed throught the hard times of its infacy to slowly become what it is now. And you know, we are all the early adopter of someone else ! They are getting what they are deserving because they trusted this coin before than anyone and on top of it nobody was investing at that time because all other think that this coin is not that much profit giving but the pioneers did well they invested their money to give this coin strength and now this coin is giving more and more and I am also in favor of early investor and this coin is giving all to them who believe in it. I don’t think so that there is anything like that of unfair sort of thing. Early adapters are no doubt enjoying the perks of having bitcoins in their wallets more than anyone else. The thing is they trusted bitcoin at the time when no one out of us was even aware of the word bitcoin. I must say that this is what they actually deserve and they are indeed enjoying having bitcoins in their wallets. |
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I think bitcoin will help kids to understand its basic use. But saving money should be taught by parents not a just pushing them to bitcoin which really needs understanding about the market. Moral lesson should be taught first for the kids to help them grow helpfull and bright in the future.
Kids are so much sharp as they have a very powerful picking power and it will be so much easy for them to learn it because bitcoin will be taught by a computer with help of internet and kid are found so much fond of these two things so it appreciable to teach bitcoin to kids. To teach Morality is the basic need of each and every child. |
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The best way is to stay away from this gambling few days and try to learn about crypto trading. And invest a small amount in any altcoin you can keep on the check that coin status and read the white papers of other well reputed coins it will kill your free time like this you can able to stop your gambling. I am not sure it will work out or not, but for me, it worked. Before I was an addicted gambler, but now I play just for my fun.
If a person is addicted to gambling and even if he stay away from gambling for years, but when he find favourable condition he will certainly tray to play again. Although make yourself busy in some other profitable business can help you to stay away from gambling, but still it cannot guaranty that you will permanently stop playing gambling. |
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