I have paypal account but since i start discovering bitcoin i stop using it and all my transaction go to bitcoin because for me the great services of bitcoin are convinced me to do the transaction to bitcoin.
People who are using bitcoins will never prefer to use Paypal, but Paypal is only popular only because it exists since long time and if something goes wrong then they can reverse your transaction and give you your money back. |
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I really don't buying bitcoins for now because as i can see the price of bitcoin at the moment is too high where i cant afford to buy it im waiting for the perfect month, day or time to become cheap the price of bitcoin so that i can buy one to start trading for now im contented on what im getting in my signature campaign and it helps me so far.
Looking at the current trend I don't think we will see big crash in coming months, in fact price is rising at a moment and everyone is expecting to see much higher price in future, so I think you should buy a small part of it at current price. |
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Investing in Bitcoin is a good thing to do if you want to make some extra money, but the only negative thing is that you sometimes have to wait long before you make some money.
It is not that long. Actually other currency or commodities have a longer waiting time before it change its price. Bitcoin is a lot fastee when it comes to fluctuating price. Definitely, bitcoin is good if you are a day trader because almost everyday we can see some price fluctuations and with a bigger capital we can make a decent income even in a daily basis and that is the advantage of bitcoin than other assets online for trading. in order to become a day trader you should first learn how to trade and how to read the market so you can predict the movement before it happens so that you can make that profit. otherwise you will lose more money. also you have to accept the risks, and the stress that this job will bring to you. Stress is a part of any job that you do, but with bitcoins you always have an opportunity to earn more money if you have talent and skills which is not possible with any other job. The key to success in working with bitcoin, this knowledge first. Therefore, only if there is a skill that you can try, or continue to work with cryptocurrency, otherwise it will not bring profits. It's my opinion. Investing is always income, small or large, but not gambling. yes keep learning about cryptocurrency, because cryptocurrency can make you get the most benefit, when it has become an expert, it is very easy to earn money on cryptocurrency. I feel much better advantage in cryptocurrency than others. Yeah and after spending enough time with cryptos you are aware what action you need to take at any particular time, and if you can manage that then you can earn good money with it. |
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At this time bitcoin is a nice hobby project for me, I would not dare to risk and make it my day job, since we may not what the future will bring. Suppose I leave my current job and the bitcoin projects fails, you lose 2 times. Your salary and your investments. Which is just to risky.
Yes and if you quit your job and get full time in bitcoins and if bitcoin disappears after 5 years then it will be really difficult to find good job after the gap of 5 years, as no company will entertain you if you have that long gap in your professional carrier. |
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I don't have big plan of being rich with bitcoin. I prefer to make good earning through a day job or a business . Will keep bitcoin as an additional earning source to become rich in a short time period than getting rich through just day job.
You can get rich if you have a day job and additional income in the form of bitcoins and if price goes on the roof in future then you can expect some good money from your earned bitcoins. |
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That was so wonderful to think of. With that huge amount even a single bitcoin would really gives you a very comfortable life. Since I do not have any bitcoin as for now, I will just continue to earn them and wisely spend it. Earn then invest then earn. I will just earn as long as I can.
Well without thinking of what price it will hold in future we should keep ourselves busy in collecting as much as we can and sell them when price reaches to your target price to earn profits. |
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I get the money in bitcoin and the results are quite to meet daily needs. I am using my bitcoin for trade and investment could therefore add my bitcoin so it could be more. I also never use my bitcoin to buy things indirectly. Usually I exchanged it into the currency in advance so that I can use.
I think you should not spend them at a moment, as price is not too high, so instead of spending them its better to save them or try to multiply them with the help of trading. |
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Bitcoin is not an international currency yet , its usage is too limited and many people are still not aware about, it can be international currency only when it will be widely used and accepted.
People from majority of countries have started using it but still we need more development in bitcoin infrastructure and once it is done in future we may see it used at international level. |
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I lost some altcoins trading cause I wansn't attentive to the changes and movements in the market, now I'm more careful with this.
You cannot afford to miss any pump and dump in altcoin trading, as that is the only time when you can benefit yourself by grabbing huge profits and if you miss it then you may suffer losses. |
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Its unstable price. It is such hard to predict when should I sell my bitcoin since its price fluctuates. Another thing is the fee when you exchange it into fiat currency. That is all, everything else is perfect.
Yeah I exchange my bitcoins to my local currency from localbitcoins and they charge 2% transaction fees which is quiet high, as if you are dealing in higher amount then it will be very expensive. |
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Of course, none of us will be here in 2100.
But a speculation of how or if bitcoin will be working at that time would help us understand the way bitcoin works and maybe even help us predict the developements in the nearer future.
I personally expect bitcoin not to be working at that time anymore. Most blocks will be found. New ones would come so slowly that confirmations of transactions would simply take too long.
One possible explanation is that doctors find the medicine to keep the young, so people can live with 100 years. For bitcoin, it is very technical thing, it may be very expensive in 2100. Or it could be dead, no one knows. Maybe scientists find the way to crack bitcoin, and bitcoin will be worthless In the year 2100 bitcoin how we now it today will not exist. Because by then the technology is old. It will be an artifact in the world of currencies. I do think/hope we may see a new kind of currency which is controlled by the people. Its impossible to imagine what will be the scenario in the year 2100 as we even don't know what will happen in next couple of months and what price it will be holding for us. |
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I'm only buying some bitcoins when the price is low, otherwise I do not buy it at all, it will soon fall again and than I will buy it for sure.
I think that its a good strategy and you will almost every time make some profit so that is good.
We cannot judge what is the lowest price, but if you have certain target price in your mind and if it reaches then you should buy and do not regret if price goes even lower in future, just wait for the higher price to sell them. |
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If i am in desperate need of money then i would first of all ask my parents for the help because they are the ones who can provide me money quickly and solve my problem.If i cant tell the problem to my parents then i would ask my one or two trustable friends for help.
Asking parents firts seems very logical but I'm too ashamed to ask them. I'm grown up so I'd should be able to provide enough money for myself. And they don't have so much money either so parents are not solution for me. A friend in need is a friend indeed, If I am desperate need of money then I will prefer to borrow from my friend as my friend will never take interest from me and there will be no pressure to return that money. If you have a rich friend, it will be fine. He will not pressure you to pay immediately. But if that friend is just a normal person, then it will be different scenario. Some friendship is ruined by bad debts. So if you are going to borrow from friends, make it sure to pay immediately. Well if your friend have helped you in your tough times then you should not delay in returning his money, and if you don't have intention to pay him back then it will surely spoil your relationship and he will not help you again in future. |
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Yes,holding of bitcoin is safe but I don't agree when yu said holding of bitcoin is not profitable cos holding is profitable. Are you saying some people that bought bitcoin when the incident of bitfinex happen don't make any profit now that the price of bitcoin is $625?
Correct. As for me, I see the event of an exchange being hacked (and Bitcoin's price decrease) an opportunity to buy more cheap Bitcoin. Usually, when this happens the price of Bitcoin recovers after a few days and then you can make a very nice profit. Also, holding your Bitcoins right now will turn out to become very profitable in the end once the price starts climbing towards the $1000 mark. It is best to keep your coins safe in a paper wallet or a hardware wallet such as Trezor for use as a virtual vault.  It is profitable but it is a long term investment and not like a daily income. Trading can be a good source of daily income if you are good at it but it is not a steady income too because you can do bad trades and there will be no income. Yeah if you make perfect moves in trading then you can make some profits on daily basis but its also a risky as you cannot expect to make profits every time. |
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Its an long term investment for me so I don't prefer to use it as a currency, but I do sell them when I am in urgent need of money so I sell them and convert it to my local currency.
You are right about that, I must say that I'm now using as both to be honest because sometimes its easy to pay with he bitcoin for some situations only. For the most part I use it as a investment but I still think the most people are doing this by the way. I do use bitcoin as an investment and currency. As a matter of fact I recently paid my bills thru BTC since there is a site that accept bitcoin to pay our bills. I also convert it to fiat if the things i wanted to buy cannot be bought by bitcoin. And when im at it, I also reserve 10 to 20 percent of my holdings for the possible price increase so i can cashout with more profit in due time. Well spending them at the time of emergencies and holding rest of them for the future is the best way to treat your bitcoins, as only holding them doesn't make any sense, either spend it or try to grow them. |
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Doubling bitcoin is possible with altcoin trading, and if you can afford to take higher risk then you can try your luck in gambling, but the chances of doubling in gambling is very rare.
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The biggest problem we found is we can't get more bitcoin with low price anymore.
At all everything is good, and so the security of wallets is great.
Lolz, everyone wants to see the higher price of bitcoins so that they can manage to make good profits from it, so if you want to buy bitcoins then consider current price as a low price and go for it. |
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i have made alot of bad bitcoin decision from trading to gambling but i think my worst decision was to invest in a mining site which then ran off with all my bitcoin so yeah be careful where you trust your bitcoin i was not smart enough to do that and now i have to pay the price of being scammed.
Yeah even I lost my majority of my coins in mining and gambling in the past, and now I regret that if I would have saved those coins for now then I would be having enough balance in my wallet. |
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development of bitcoin is currently very fast. I believe the presence of several agencies that have begun to acknowledge the existence of bitcoin then the bitcoin could continue to show strength. may need a long time to see the digital currency bitcoin as internationally. maybe we need to wait about 10 years. it is my prediction.
If you only see what is really happening with bitcoin, bitcoin does not need 10 years or more to be an international currency, actually it is an international currency right now but not recognized by the governmnet. Even if it is not recognized, it can be use buy goods in different country which makes it an international currency even not in an official term. We cannot say that everyone is using it at a moment but certain percentage of people from almost all countries are using it so it has already gained a popularity at international level. |
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So where should we invest bitcoin to actually earn some profit and increase the amount of bitcoin we own, is there any legit place?
I mean cloud mining is a scam but there must be something else we can actually do right?
Lots of casinos website are offering 5-10% of earning every months depends on how much you are going to put in their website well for me this is a good investment website pick those who has more possitive feedbacks and don't do cloud mining because it will turn into scammm soon for sure it will never last long! Investing in good casino site sounds good and it is always better in compare to investing in any cloud mining sites as there is not guarantee that they will pay you in long run. I agree investing in casino can give you good profits. You can also invest in exchanges by buying shares, this is much better than letting your money be wasted in some hyips and ponzis like cloud mining. You can also invest it in altcoin trading just make sure you read alot about the one you wanted to invest in. I will go with altcoin trading, as I don't have faith in casino sites and one main reason is I have never tried to invest in it, as I believe you should invest your money in something that you hold expertise in it. |
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