who among you here heard bitcoin back in 2009 and 2010? I was one of the people who is very skeptical about it and I really regret it.  I missed the best opportunity for a lifetime. Let’s back 2015 my friend told me the bitcoin, and he earns fiat by doing the activities in faucet I remember the reward on the said activities is Santoshi. One time I ask him to guide me to how he does it. The first thing told me to create a wallet. The wallet called xapo. After two months of doing the activities that he said. I earn a total of 5 USD that too little. After that, I am tired and forget all the things on bitcoin. Like you I feel so regret not believing in the bitcoin. Regret is a form of punishment forever. |
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Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
All exchange has the individual value of their coins, and it is not ever the same to the other exchanges. I don’t trade at multiple exchanges but I already try it I know that excellent idea, but I don’t like because it makes me more distracted. Sometimes I forget which exchange I use that coins. I only do the trading on the poloniex. I am very comfortable in the poloniex and give bigger returns |
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Let's Bitcoin takes off. Say you lived in the US and had an online service that dealt in the equivalent of ~20,000 USD or more income for you (personally). What are the laws for income tax on a currency like this? Can you get in trouble with the IRS by simply having tons of BTC that the market values at (currently) almost 5$ per BTC?
Bitcoins have decentralized design, so they will not distinguish which bitcoin address. It means because of the decentralized the government can’t identify and recognize which bitcoin address is yours. I have read an article regarding this; some countries are being taxes but how they did it. They added income taxes when someone bought stuff or product if they paid it bitcoin. |
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Whether it be buying btc or buying equipment to mine btc. Did you ever borrow fiat to make your purchase? I have not. Just curious if anyone ever has.
I never borrowed fiat to stat on the investment on the bitcoin. I started my journey in a cryptocurrency without money involved, How I do that? Simple, this forum guides me every step, I mean, reading with an understanding of the answer of the member of this forum help me to be a knowledgeable person. I start to join in the different bounty signature and campaign signature and others. I have the plan to build mine equipment. |
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So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
I agreed the popularity of the bitcoin is growing wide and wider, but I don’t think bitcoin will be a national or an international currency. Why? We all know there are 195 countries in the world. Only 79 countries recognize the bitcoin, or the bitcoin is legal, and there are seven countries don’t recognize the bitcoin or the bitcoin is illegal. The remain 116 countries we don’t know if they legal or illegal the bitcoin. In the end, it is too far to acknowledge the bitcoin as a national currency because nobody owned the bitcoin. |
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will this year be the same as last year's year after the Chinese New Year's celebration of the bitcoin price rises again and even exceeds the previous high, I expect bitcoin to rise from this decline, and we as users should be able to keep the price in the way we do not panic at seeing a price drop because this is all just a matter of time
can bitcoin rise after the turn of the new lunar year later?
Wait for the bitcoin value goes to pump is the one we are waiting for mostly this period. The value of the bitcoin around 6k USD. I am sure that in the future bitcoin will go up. It will take some month to see what will happen to the value of the bitcoin this year. Lets faith that bitcoin can make it and never surrender. We need to keep on waiting and hold as long you can. |
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All of us wish that someday become a bitcoin millionaire who people don’t want this. Being a millionaire requires a lot of effort and skills to reach that millionaire not only effort. We must work for it, be patient in all the things especially when there are dump and pump of the price. Before we can become a millionaire, we must learn to think like one. We must learn how to motivate other people. |
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i think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course it consumes a lot of electricity monthly. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.
Both Buying bitcoin and build mine equipment is better. It depends on you which one is you afford. If you have an ordinary person I suggest to you that buy bitcoin is the best for you. Buy when the value in the dip portion and be smart and wish to every movement and sell it on the high value. I take a lot of knowledge and skill regarding on this method. If you are wealth person, do the mine. Don’t waste your time just set up a miner computer just put your miner on the safe and normal temperature to avoid the overheat and others. |
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In recent months, the market has dropped a lot. Many people's portfolios have fallen by 50 percent, and the answer is basically waiting.
We can sell it at a higher price and buy when it goes down.
I think we'll lose a little bit less, better than nothing.
We are saying wait for those people want to earn a massive income in the future. If you understand the situation of being a trader or holder of the cryptocurrency, you will understand what the meaning of they say because waiting is the only things can do especially at this moment. To be able to earn big profit we must wait. Big money is not the buying or selling, but in the waiting |
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With the development of cryptocurrency, more and more places accept bitcoin. In the future, will paper money disappear, and the money that people earn will be given to you in encrypted form, and the purchase will be paid in encrypted form?
Please give your opinion.
I don't think paper money will disappear. It will take a very extensive period for people in the world to use digital currency. If all the country on the approves replacing the paper money into digital currency could be possible. I am sure that it could happen. There is still some place the bitcoin is ban by the government. Not all human being have an understand the digital currency. |
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Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,
Sir,Bitcoin is safe cause no one can distinguish our individuality done by dealings and as long as you use it with respectable purposes, and as long as you are not doing some unlawful actions with it. One-way persons are scammed when they visit a phishing website and enter their facts on that. Be vigilant specifically in transacting with bitcoin handlers. |
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From a "lets make the world a better place perspective" should we support only bitcoin right now or altcoins also?
People can support of any kind coins they want as long as we assist the coins. I Care both Bitcoin and Altcoins. I actually like bitcoin it makes my wealth, but I think some altcoins are desire. We should support all virtual currencies because it actually gives us the prospect to transact online very easy. We must also help bitcoin because they are not that dissimilar. |
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Hi! ☺️ I just want to ask when to buy or sell bitcoin? I don't want to lose money.. I mean we can't avoid to lose if we're just beginner but atleast we can find ways to prevent it right?
As an apprentice Sir, you must identify it first when is the correct time to buy and sell. If you don't want to lose a big income. This the correct time to buy bitcoin because the value is presently low in a marketplace. Make it as a long-term investment so you will have an advantage for long-term that can give you a lot of fiats. Each time the bitcoin clients are developing step by step and I courage you that who have bought this now and will get profit done by that. |
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I heard people said that Bitcoin's profit is higher than profit of drug dealer, weapon dealers or profit of real property or any kind of stocks. Is that real ?
There is a lot kind of investment. Investments like real estate are a unique investment that can triple or double your cash, and which also take a lengthier period if we are to compare that with Bitcoin. To earn on the bitcoin, hold as long as you can, then succeeding time or years you check the value of the bitcoin. When the value gets high, then you have already profits. Be patient, and bitcoin will give you enormous benefit. |
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Reading the responses to the recent topic titled, "I would sell all my bitcoins if…." has left me concerned.
The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
The primary purpose is not selling my bitcoin I believe that the price will pump in the future. I would like the freedom of being able to spend it as easy as fiat on every day. If you have trust in bitcoin, you see that after a lot of miserable will be a lot of pumps, so you must wait that moment happen. If you want to sell your bitcoin, sell only the amount that you need. |
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What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?
How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
base on my understanding Sir. People do not stop buying the bitcoin. If people end buying bitcoin effect to the rate. In that case, the tendency of the value of the bitcoin will keep little until no more cost. Buying and selling make the market dynamic. Let bitcoin continue up to this time. Bitcoin will have a possible than now in the future. It will never happen because super common around the world |
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new coins that have come a lot in the crypto world have an impact on the market price. however, after the arrival of the same ripple operates behind the blockchain.
will this coin replace BITCOIN or BITCOIN will continue in its position and remain the king of all coins?
I agreed to you sir that bitcoin remain the king of all coins. Whatever coins come up no one of them has the ability to replace the king of all the coins. Whatever the benefits that can give us like the Ethereum, Litecoin, and ripple. It’s very firm to beat it. All the bitcoin did and showed to us. It’s not easy for them to overpass the bitcoin. Bitcoin will remain a crypto king, and no one can beat bitcoin the position, and bitcoin is the greatest valued coin ever. |
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Since bitcoin is trending now world wide because you can easily earn this and it exchange in real cash. Is bitcoin the new value of currency in the internet? Is he the new money? Can we use it in buying foods and etc in the future?
Yes that right Ma'am, the bitcoin is the new era of currency. I guess that this year is the start of more and more people willing to sacrifice their money to enter to the world cryptocurrency. If that happens the demand for bitcoin is a good sign that the value will actually increase in the succeeding years. I am sure this cryptocurrency will more be successful in the future and bring a new global currency. |
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Some people like the Brazil Central Bank Chief called Bitcoin a Bubble & Pyramid Scheme, how can the bitcoin industry prove this wrong and make sure bitcoin never ends but grows bigger?
As the holder and investor of bitcoin, I think that in our hands on how we stay the bitcoin in the future. The more people are getting interested in the bitcoins then, the more stockholders will come, and services bitcoin continuously to improving. I believe the bitcoin is our future bitcoin can be the global currency in this world, so I can say that It wouldn't end. Did heard Bill gate about the bitcoin. Bitcoin is exciting because it shows how cheap transaction can be |
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People have a different view regarding on this question. Base on my knowledge, bitcoin is equally a currency and an asset. Bitcoin can be used as an asset because it has the aptitude to be traded for properties and the worth which can dump or pump. Bitcoin also a currency it can be used to conduct a transaction and pay for some stuff and amenities anyplace in the world |
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