I was invited by a friend of a friend to invest in Bitcoin last year. He told me that if I invest 5000 in our currency it will be doubled in a month's time. He also promised me that I will get referral fees and override from every person I introduced to Bitcoin and that prices of Bitcoin are expected to increase. To make the story short I did not join because I believe its a pyramiding scam. Truth to be told I did my research on Bitcoin after that and it turn's out that Bitcoin's price was really on rise unfortunately I did not invest at that time. Currently I'm learning more thru this forum and I thank my friend for inviting me here. Just last December I heard from one of my friends that the company they joined was in fact a pyramiding scam and the money they invested in just vanished out of thin air together with the people who invited them. We should be wary of people offering investments and opportunities to us. Do your research. Opportunity comes with risks as well as the rewards. If its too good to be true, it might be a scam. Bitcoin is not a SCAM but there are people who uses Bitcoin to SCAM other people. Good luck to us and more power to Bitcoin!
You must understand and plan where you should put your precious money. You have to be careful in every step you take. Do research first before choosing, because it can minimize risk. |
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I'm gonna be honest with you all , i have been trading/investing since 2017.
I earned about 110.000 by trading and basically lost it all, i decided to sell the rest and just quit. I'm gonna explain why, this cryptocurrency market
is very manipulative and can easily be controlled and it will never stop. The icos/alts will always keep sucking all the btc cash so it will always be hard for btc to grow and
dominate.
This market is made to make money and profit from noobs it's like a bitconnect scheme. Every dollar that is made by someone, someone will lose money. Every dollar that
is made in this system will be sold to fiat and if there is low btc buy power it will mean that btc will only keep going down. This market is basically made to make
money from new users like a scheme. For example can you actually believe that if you would've put 10k usd into bitconnect you would have a monthly return of about 4500
every month by lending? This is unbelievably high which again means for every btc/dollar you lend out into this cryptocurrency system = someone will lose money that's
the main reason this market won't be there for long. Because it's basically a pyramid scheme.
Crypto has a great risk, and for that we must have calculations and patience so that we can benefit. And if the market falls to hold is the best way and when the price rises we can sell it. |
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I would like to know if cryptocurrency will replace fiat money in the future, also if so how long it will likely take. Also, I would like to know which coin you think would take over if one will. (E.G. Dogecoin, BTG, LTC, XMR)
I do not think crypto will replace fiat money, paper money will still be used because it is a symbol of a country. Crypto can be used for transactions but can not replace fiat currency. |
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You may have already tried many options: Capital Markets, Investment Funds, government investments, etc. What about investing in Bitcoin through digital media? Is it worth getting a loan to deposit to bitcoin? The virtual currency has recently been used in many industries as an extremely popular and main payment system. This article is intended to answer the most frequently asked question on this subject: is it worth investing in Bitcoin or is it logical? After reading the following information, you can find an answer to this question, even though it is not exactly a bit.
What Is Bitcoin?
Bitcoin (BTC) is a type of electronic currency, also known as Crypto money, developed by people and companies around the world. The thing to know about Crypto money is that it doesn't have a physical form. Bitcoin is not controlled by anyone or anything else (institution, etc.); however, except for all users who buy or sell.
What Are The Advantages Of Bitcoin?
There may be a way to make money – you have a high chance of losing money at the same time, so you need to know how the system works.
You can only purchase certain products and services using Bitcoin.
It's all over the world.
The system is transparent and neutral, so it can't be changed by anyone.
Payments can be made 24 hours a day, 7 days a week, because Bitcoin is not in any way related to banks.
Can I lose money?
Answer Yes, you can lose money when investing in bitcoin. That's why you're not so sure about the chances of winning, especially if you get a loan for this purpose. You can lose money in a very short period of time, as the Bitcoin price fluctuates frequently. The system is not pyramidal and is based on your ability to analyze time-bound fluctuations. You have to understand how it works and invest at the most appropriate time. If you don't, you risk losing a lot of money. This is especially true when investors are trying to make a decision.
Is the Bitcoin price too fluctuating?
Yeah, the price fluctuates. Investing in bitcoin is risky. The crypto market is very volatile. One year bitcoin may cost a few dollars, the next month may cost a thousand dollars, and after a while it may fall to the first amount. If you are an active investor, you can make big gains by making monthly purchases and selling Bitcoin. It should be noted that these investments can be taxed, just like all other investments, and your earnings will be taxed according to the state in which you reside. How to calculate the profit depends on the statement of income. Currently, bitcoin and other krypto currencies are not taxed in Turkey. However, according to government officials, there will be efforts to establish the legal basis in the near future.
I think investing in bitcoin still makes sense, investing in bitcoin is a good choice because by investing in bitcoin, we can generate profits that can help our economy get better. |
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This morning I saw an article where a guy made a simple calculation through Google trends about HODL strategy, and it showed that call to HODL used less and less from February of 2018. Popularity of word Bitcoin and crypto currency is also falling down. Why it is so? Do not people believe in Bitcoin and it's bright future anymore? No matter on such tend I am going to HODL my founds till bitcoin will not come back to 20k$  I think holding strategy is still valid and still a good strategy, but with an unstable crypto value you should have a prediction of when it's the right time to get into the market. |
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Hi folks share your thoughts about crypto currencies. i will really appreciate to all experts here thanks
I think in the future cryptocurrency will be more popular and more use as a tool of transaction. And cryptocurrency will be more accepted by countries in the world. |
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As a digital payment system virtual currency has its own reputation. Bitcoin raised as strong virtual currency in 2010. Today’s global currency is developed in different way and comparing with others currency bitcoin is like more valuable than gold. Good reflection and better control system can make more valuable in economic sector. now by the help of bitcoin selling and buying system is easier than other transection. At age of technology we can collect or hire so many proficient worker for the purpose of different sector’s development and then we can provide their salary through bitcoins because of its popularity.
On above this conversation we don’t need to worry about future of virtual currency or bitcoins.
I think the future of virtual currency will be very popular, virtual currency is easier in the payment system and can be easily accessed from smartphones, and also the value of the virtual currency can rise higher. |
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My opinion is that in time Bitcoin market share will keep reducing, as many other coins and tokens and platforms will keep surging.
In the long term, the blockchain technology is very disruptive. Bitcoin will more likely compete with Gold, Ethereum will provide a backbone for many uses.
So I am not really sure a collapse is incoming, it depends if a real bubble will quickly form.
This is a price drop and it's normal for crypto coins and the market will not collapse. This is only a decline and only temporary and the market will improve again. |
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Many reason pointed out in the article to believe in the future of Bitcoin : https://www.cnbc.com/2018/05/26/bitcoin-still-a-buy-says-blockchain-venture-capitalist.htmlAlso a good statement about ethereum and its relation to ICOs: "Bogart said he's especially cautious with ethereum, which he said has a lot of overhang because so many initial coin offerings (ICOs) have been built on top of ethereum. He pointed out that if the ICOs don't work out, that could be bad news for the platform its built on. " It's all just opinions, so my is that it will hit 20k, and I am coming back to this post to say I was right lol. I believe the future of bitcoin will be better and of course bitcoin will be able to reach the price of 20k, and it's just a matter of time. And because of that trust I hold the bitcoin I have. |
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I found this expression on the news channel about the crypto currency: "Anyone who will try to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency."
how do you think, is it realistic? Can a crypto currency replace national money?
I think that it's possible, but it will take more time.
In my opinion, bitcoin will not be able to replace the national currency because the government will not allow the crypto currency to replace the legitimate currency. Bitcoin is widely used solely for investment assets rather than means of payment. |
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i want some advise from the expert because im only basis on my prediction can anyone tell !
Yes, bitcoin can reach a price of 25k, and it's just a matter of time. Bitcoin is very difficult to predict and to be able to benefit you must have patience and confidence if you choose the path of inveatasi. |
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In future will the banks be able to exchange bitcoins?
Now we are exchanging from traders...but when (if) the popularity of bitcoin increase a lot then the traders will not be able to exchange such amount of bitcoins...so what about the future of bitcoin?
Bitcoin is the most populated digital currency, bitcoin has valuable value and many people are interested in it. And of course more and more people using bitcoin will make bitcoin stronger, and that will make bitcoin a bright future. |
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seeing bitcoin prices go down and up, I'm a bit frightened to buy bitcoin at the moment, I judge I could lose, do you think, whether bitcoin prices can continue to go down, or even rise high?
Could be the bitcoin falling, but after that bitcoin will increase again. I think it's a good time to buy bitcoin at a cheap price, and you just have to hold it and wait for the price to increase and you'll get a nice profit, in crypto you have to think positive and do not panic. |
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for long term purpose, which is better to invest in , Bitcoin or Ethereum ? Lets discuss that ..
For the best investment is bitcoin, but considering that ethereum has the potential to grow big it becomes a consideration that ethereum is also good for investment. If you have large capital, investing bitcoin and ethereum is the best choice. |
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It depends on the state government, if the government is interested in the crypto system and uses it as the country's currency then the fiat currency will become extinct. But if the government forbids crypto entry in the country then the fiat currency will still exist as a means of transaction. |
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I need some opinion if panic selling can contribute of rapidly drop of the bitcoin price. If it is right how can we convince to the bitcoiners to not doing panic selling.
That's right, panicked sellers will make market demand low because it is filled with offers, and that will have a negative impact on market value. The thing to do is to keep thinking positive, the market price will definitely increase again and holding is the best way when the crypto price falls. |
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We have seen Bitcoin and people's economic changes in the country. Do you know how Bitcoin is changing the economy? Do people believe that economic changes are possible by Bitcoin? And what will be the impact of Bitcoin economics in the future?
Bitcoin is more able to change the holder's economy, many people benefit from bitcoin, because bitcoin can be a lucrative passive job that is helpful to meet needs. |
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-I think It is popular. many people accept and trade in Bitcoin because It is recognized and accepted as a currency by many.
-Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users. Bitcoin is hard for governments to trace and tax
-Bitcoin acts like an equity investment. The market value of Bitcoins has had wild swings in value and even a market cap.
-Bitcoin is a social network. The Bitcoin "community" is active and acts like other online social networks.
-There are only 21 million bits so it has the same value as gold.
Bitcoin has value because bitcoin is popular and has many uses, and it makes a lot of people who want bitcoin, the more who want bitcoin will make bitcoin more valuable. |
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Entering month of April, we are seeing the gradual increment on bitcoin's value. This leads to me this question, How stable is bitcoin? What are the factors indicating its constant movement aside from the fact that compared from the last years its value was unfathomable in a financial sense but sudden drops oppressing lots of investors. What sort of deem of hope to investors not to become disoriented and eventually selling there btc shares as its value decrease. What do you think guys?
Bitcoin prices will never stabilize because bitcoins are decentralized and that's why bitcoin prices depend only on the economic laws of demand and supply, and that's why bitcoin prices are constantly changing. |
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How do you feel about long-term investment? Do you see the priorities in this? What do you think is the reason for this? Where to invest in your opinion?
Long-term investments are great if you have a busy life in the real world, and you can benefit without doing anything. But if you are not too busy in the real world you should invest in the short term. |
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