I am not sure on why customers would pay with Bitcoin because I like it better to pay with cash. Bitcoin can go up in value later on so it is not good to spend them.
Hold on to them so that you can sell them later on in the future.
Majority of people are holding their coins so that they can sell their coins in future when price goes higher and if everyone starts following the same then it will have a very bad effect on bitcoin economy and will never take price to next level. |
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with bitcoin i can have extra income which i can use to buy a daily things for my life, and also i can use it as transaction globally, so now i can buy things and pay it easily, i can use the small amount of bitcoin i earn to gambling, and the best thing is bitcoin can become my future investment
to me the most important and best thing in gambling is to invest my assets in bitcoin without any fear, it has double benefits, 1st it give me protection to my money and the second is that it is a good future investment, You mean to say that investing in gambling protects your money? That is really weird as in gambling there is a full chance that you will loose everything, but I agree on your latter part that it is a best as an future investment. |
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No I honestly never spent a single bitcoin amount in real life because in my nearby area there are no stores that are accepting the bitcoin for items or something.
I know its stupid but I honestly cannot do anything about it.
But you can convert your bitcoins to your local currency and then spend it or else you can apply for bitcoin debit card and use it anywhere you want, even I was facing the same problem but bitcoin debit card have made my life easier. |
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My plan of getting rich with the bitcoin is by hard working and stay investing into the bitcoin, I really think that this can help me.
Stay trading and do other things that are related to the bitcoin.
If you can afford to invest in bitcoins on regular basis then it can be an best investment for you in future and bitcoin allows us to invest even a small capital into it so we can do that according to our budget. |
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I would prefer bitcoin wallet than banks, why? It is because banks for me is hackable or doesn't have that much privacy than we have in our bitcoin wallets and What if a bank have been robbed and in that bank you've invested your bitcoin, so where would it go? the efforts, the time that you've spent in earning that bitcoin? It will just end in nothing, compared to bitcoin wallet that you're the only one who knows about it. There's no other involved so it's much safer.
I have bank account for several years now and since then i didnt encounter any problem and i know that my money is secured. i also like btc and both has different features and uses so i will continue to use both and no need to choose. We are still living in a world where fiat is the major currency. So, we cannot still dispose our bank accounts in favor of bitcoin wallets. We still need fiat and the banks provide safety and insurance of our fiat. If there will come a day that fiat is no longer needed and we can do all our purchases and transactions with bitcoin, then we can switch to bitcoin and bitcoin wallet. Yes, you are right. Bank is still important for many people around the world, because people still need and using fiat. But only few people that using bitcoin around the world. I think bank is more important. Yeah and majority of businesses are dependent on banks and they need banks for their business transactions so I don't think those people will switch to bitcoins very easily. |
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Yeah I will prefer to accept my salary in bitcoins, and I will use only that amount which is required and will prefer to save more for the future as I am sure price will be higher in future which will give me more money.
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which way you choose to go depends on a couple of things. if you want to do trading you have to know how it works and how to make real profit while staying away from hype and FUD about things.
but if you want to choose investment you have to find a good place to invest you coins and since such a place is hard to find, you will be stuck for along time. most of the investment places are consists of cloudmining sites (which are ponzi scheme) or HIYPs (in one word they are scam)
Investing into the bitcoin can be the best thing right now because you are holding it for a longer time to make more money of it but pick the right investments and wait for a couple of years to see the rise. There are no major pumps and dumps in bitcoins at a moment so if you are investing in it then you need to wait for a longer time to make profits from it, better choice would be to invest in altcoins to make huge and quick profits. |
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Fiat will never be worthless regardless of the price of bitcoin, we are just less than 1 percent of the total population so obviously we cannot beat the people who are using fiat, we need fiat to succeed and that is the story and nothing else.
nope i think bitcoin users are now more than 1% of the total population of the world and I think if the price rise was due to an enlarged demand bitcoin? so I think the more people then the price will probably be higher. maybe you could think of the number of users bitcoin if the bitcoin price reaches $ 10k The higher price of bitcoin will depend on the adoption level of people, if we find more users and bitcoins getting into it then we can expect much higher price of bitcoins. Adoption of bitcoin would definitely affect bitcoins price in the near future since there would lots of people would intend to buy more bitcoin which would decreases the supply and the demand is getting higher which would make the price go up. Back on the topic even how would bitcoin increase its price it wouldnt make fiat worthless. Yes and till we won't be able to spend bitcoins directly to buy anything, it will always be dependent on fiat as when users will see that high price of bitcoins the only option they have is to sell them and convert to fiat. |
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Do you think that Bitcoin has the chance to also become paper money one day? Or will it just stay digital currency forever?
bitcoin will definitely not become like paper money, it is definitely a way better technology in my opinion and it is going to be way bigger You mean to say paper money is not a better application/technology to have? I believe bitcoin will reach the level of what paper money has achieved with financial system and also it will influence online payment system. Paper money already in struggle for it's survival. Bitcoin will boost the extinction of paper money. Dude He mean to say that bitcoin is superior than paper money So I would agree with him and even I am believing that bitcoin is having that much potential then in future bitcoin is the first costliest stock in some years. Bitcoin is definitely better then paper money but its hard to believe that it can ever replace paper money or make it disappear as fiat is widely used and accepted and it also holds maximum number of satisfied users. |
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Fortunately I didn't have any bad episode, wise investments done by me for now.
People do act perfect only when they get enough maturity. But, all the decisions are taken for a good cause unfortunately turning into worst. People so far sharing their experience for their concluded decision, hope your investment is also completed with a better benefit for you. My worst decision was investing into cloud mining by 2013 in CEX site. I lost around 0.01 BTC, then they were very big amount for me because I were earning from faucets only that at the times. Yes, worst decisions will not be possible if you have enough experience and knowledge. But, all the time we cannot be so aware what is going to happen. That is the reason this thread is spreading awareness about people's mistakes to new comers. Yeah I totally agree, sometimes newcomers make mistake like capitalizing a character in bitcoin address and assuming the money will be sent to the right addresses, I have seen someone doing this so this threads helps users avoiding some obvious mistakes and warning about possible scams. The ultimate targets of this sites are newbies, as they are well aware that its very easy to attract fresh users of bitcoins and I think this thread will be really helpful to newbies to avoid losses. pff, you cant be serious mate... of course it is not going to help out any newbies because they will still think that they are far more smarter than all the other people who are in this forum unfortunately and we cannot do anything about that i remember when i was a newbie everyone told me to never gamble my money and i still did that a lot because i thought that one day it can make me a really rich person, however it was far away from what the truth was, as i lost some money besides that it wasnt my worst decision to gamble my money, i think that the way worse thing is to put your money into ponzies and people should never do that in order not to promote the scams and make people lose even more money what would be terrible Yes and instead of doing a charity to scammers its better to loose in gambling, as you will never have a feeling of being cheated in gambling, and if you are lucky then there is always an opportunity to make profits. |
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If I will ever hold 21 btc in my wallet then my main intention would be to keep on making efforts to take them to even higher level in future and for that I will do anything that is possible for me.
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At a moment I will not prefer to get paid in bitcoins as price is not high and there is no guarantee that it will be even higher in future so it will be a huge risk to take.
you don't need the price to be high in order to receive bitcoin as your salary. if you think the current price is low, then it means that your salary will get you more bitcoins as result compared to when the price is really high. that's the benefit. That's true but what is the use of holding them for a long time till it reaches to high point, as you will never sell them till the price goes higher and no one knows when exactly it will happen. |
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My plan to get rich with bitcoin is trading! Alot of trading and getting skilfull until I can trade so perfectly that I will make 99% of the time profit.
I love to trade and so it would be my dream job to do that full time but only if it stays viable in the future aswell.
if you want to start trading i sugest you to prepare your mental, im ex trader, now im focus at mining bitcoin. trade is not always in profit, sometimes you lose your bitcoin in 1 day, then your mental down and you hate trading  Yes trading can bring a lot of profit if you are an expert in it but it can take all your money and then I’m sure that you will hate it or worst lose hope in trading and bitcoin. So, I suggest you should be prepared for what’s coming if you are willing to join this trading world and get ready for losing some of your bitcoin. Profits will give us happiness and losses will give us an learning experience and to become a good trader in future, I think both this factors are inevitable at the initial stage. |
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Like in the Topic said.
How would u guys explain Bitcoin to your Girlfriend!
cheers
I will gift gift her few bitcoin. Then she will feel , what the shit is this. Then comes the story. I will explain each part and process of earning and dealing with bitcoin. She will really fall in love with bitcoin because girls loved to shop so with her extra income she could earn extra for her shopping I don't think it will work, no doubt girls loves shopping and if you give her free coins for shopping then she will happily shop with those coins and once coins are spent she won't bother to know about bitcoins. |
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I can use it very easily on gambling, as I am addicted to gambling since I was not aware about bitcoins, and now bitcoin has made it much easier for me to go for gambling with great level of privacy.
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I always dreaming about this !
But as I know it's impossible since when people copying address, they already aware that the address is the correct one.
Let say even your child touch your wallet but they still can't send to anyone ,right ?
Yeah and I think when people were new to bitcoins at that time they have committed that mistake but after spending time with it now people check twice or thrice before sending, so now we cannot expect that miracle will happen. |
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As you can see, btc is already money, and there's different ways to earn bitcoins. You could trade btc, or sell services for it, you can also join to signature campaign to earn some fractions of btc.
thats correct btc itself is already a money if you don't know what to do just hold it and it will grow as the price keeps on fluctuating ups and down better to study more before entering any suggested ways everything you needs are already been provided here in this forums. Yeah and there are many ways to earn bitcoins depending on your skills and talent, but if you want to make it really fast then I think trading altcoin is the best of them all. |
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17 Bitcoins that's a nice amount of coins. I think i will get so much by investing them into something maybe a gambling site or just searching for some new ideas of people that i find interesting. Maybe it's better to go for a investment in a small company with 7 coins, because some investments need way more money.
Investing in good casino site can really help to get better profits in future, but you need to make sure that the site is legit and operating since long time and also paying its investors at regular intervals. |
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While holding bitcoins allows you to sell them at an increase in value. I feel that it is important to remember that making purchases with bitcoin strengthens the economy the bitcoin is based on.
So accrue wealth, yes...but that wealth is nothing without purchases being made.
Save a little...spend a little.
Spending coins is a great incentive for merchants to accept Bitcoin as payment option as they see there is demand for it, but in order to make people spend, there must be enough interesting stuff that you can buy with Bitcoin. People must buy things when they need it, and not make any impulsive purchases just because you have the feeling that you must spend your coins. Yeah buying unnecessary things with bitcoin will not serve the purpose as it will waste your coins, so till you don't find places to buy important things, its better to save them for future. Who cares what the reason is for spending coins? If it's impulsive buying or buying out of need, it makes no difference to the bitcoin ecosystem. If the thesis is that spending coins is good for bitcoin adoption, it makes no difference the reason for the spending. Thats the used of it and it only depends on user on how he deal with his coin and it is his decision if he want to sold it or he just gonna hold it for more years, but in my case i don't care really on what price i would sell my bitcoins since i am not a fan of holding it more longer and my hard earned coins ar basically sold on weekly basis depends on my allowance need or if i habe to buy something wich is i like. If price exceeds your entry price then its better to sell them off and secure the profits instead of holding them too long as you can re buy them when price again drops in the future. |
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You cant get rich in bitcoin by just thinking and dreaming about it. Here are the methods 1.Get a job/freelance which pays you in bitcoin 2.Mine Bitcoin, Mine altcoin and then trade altcoin to bitcoin 3.Signature campaigns and social network campaigns - look under "Services" section 4.Facuets, PTC sites Have fun with all these  Agree with you at certain extent, getting freelance job and altcoin trading can give you good source of income combining with signature campaign, but faucets will surely waste your time. |
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