Actually getting scammed is your own fault mostly so in the poll it should just be it was my own fault or i was scammed but both options should not be there... I was also scammed before and i feel it was always my own fault because i became to earn a lot in less time so i had to suffer...
it may sound a bit harsh to some people, but in most cases it's indeed their own fault. no matter how trusted a certain seller or site where you can invest your money in may look, there is always a risk of getting scammed. in most cases greed is so strong, that people overlook, or don't care about the risks. it's sad that it happens, but it's the hard reality. |
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honestly very difficult to choose between them. but if I want to invest in a short period of time then I would choose bitcoin.
but when I want to invest in the long term then I would choose gold. all of it in accordance with our conditions.
gold is still seen as some sort of safe haven, but that doesn't mean bitcoin is only interesting as a short term investment. you can have seperate purposes when you invest in bitcoin. you can choose to save a certain amount of coins for the long term, and a certain amount as a short term investment. it will bring you the best of both worlds without you needing to go for one of the two. |
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It is not that easy for everybody, if they have many debts to pay. But a good advice may be applied, I think if you avoid to have a lot of debits to pay or avoid to buy expensive things, this may help you to cut costs.
If you have a lot of debts, then your first action is to pay them off. Debts will not let you save because if you let your debts linger, it will accumulate a lot of interest. After paying them, you can start setting aside money for savings. there are way too many people not taking the debts that they have seriously. they either keep borrowing money from friends and family, or they keep using their credit card which makes them sink into debts even further. it's weird that certain people can't prioritize what's important. |
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Everything will depend on the price of bitcoin, if I see higher price then I won't mind in selling some of them to secure profits and rest will hold for future to earn extra profits from it.
it's always a good thing to secure profits from time to time. it allows you to buy back your coins at lower price levels, and thus to increase your coin count. some people tend to wait too long before securing profits and end up seeing the potential profits that they could have vanish. that's of course not a good thing. |
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What ever you do in your bitcoin as long as you making profit then it is fine because lots of are are making profit with investment or we use it as currency to gambling also to trade something like that but most of i like the best of using bitcoin is all about gambling and trading.
Majority of users are using their coins on gambling and trading as everyone hopes to make quick money and this places allows us to do so, but risk factor attached with both of them cannot be ignored. gambling is a completely different thing that you can't really compare to trading when you have enough experience. with gambling you fully depend on luck where in 99% of the cases the house always wins. and when people lose their coins with gambling, they blame bitcoin for being wrong while in fact these people are the real problem here. |
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it's weird, but somehow bitfinex is gaining back trust in the market as once again it started initiating a pump where china followed with a massive green candle. take a look at the charts and you will know what i am talking about.
i think bitfinex will trying to get the member attention and trying to re-get trusted from their member after their been hacked, and if bitfinex is really do it with careful, then i think bitfinex deserve to get this chance and promised that bitfinex will never do it again and they will make sure that now they are really secure and safe for their member. if its success, then i think member will be back with them again and put their bitcoin into them and start trading again like before. And how could they be trusted back again if their system has been breached already? I think people are smarter enough and don't want to be scammed/hacked their balance at them, so much better to avoid and find another exchangers who offers more good securities and can make sure to safeguard the traders fund, and i think bitfinnex and polo is the best site to go with for now on but bitfinnex? Nahh i just leave the thoughs to put again my money in their. good to see that you think like that, but unfortunately there are quite some people that are still using that exchange. i would directly withdraw all my coins and move to a different exchange. certain people don't seem to learn from what happened. will they learn when it happens once again? i don't think so. people are either too lazy to move to a different place, or they really believe bitfinex has got their business back on track. not sure which is worse. |
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With that amount at stake. Never safely.
Especially in this economic climate it would difficult to even try and do $20,000.
the amount doesn't really matter since every kind of investment is coming with a risk. however, with low amounts people tend to take much higher risks compared to when they are trading with a serious amount for example. |
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Is so much time to spend on the bitcoin to abandon its ongoing work. I always thought that the real work is constant, it is a stable consistency and stability in the future. Bitcoin is very interesting because it is the price is very high compared with other currencies, and it is tempting.
But the question can we take that high risk of quitting our job and start trusting bitcoin blinldy? I think the decision can go the other way if price of bitcoin falls in near future and may not bounce back again. no one with brains will quit their normal job to go full on bitcoin. earning bitcoin through whatever way should always be seen as an extra revenue stream. at least, that's how i do it. |
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I will buy when the price of bitcoin is low at the moment because of the relatively high price. And better buy when low because when the price spikes have income immediately. Really better to buy at a low price than buy now do not know what might happen suddenly dropped deficit immediately
when you are waiting too long for the price to go down to such a level where you are happily buying at, you risk seeing the price go up instead of down. that's why you should buy yourself some coins at current levels with like 10-15% of your money. you can then keep the rest of your money for when the price goes down. if the price doesn't happen to go down, then you at least have some coins to benefit from when the price goes only up. |
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Once it becomes over played and have over exposure then I can see people getting sick of it and move on to the next thing that they would consider in the spotlight. Then they will not care for it. I for one am in it for the long haul and will not be giving it up and dismissing it as such.  the potential of bitcoin alone is already enough to make people hold their coins for a very long time. don't forget about the regular price swings from time to time that allow people to make profits. bitcoin is and will remain a hot item in the coming years. |
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My plan to get rich with bitcoins is collecting and earning bitcoins as soon as possible, so when i already have many bitcoins, i will learn about trader and i want become a pro trader to get rich with bitcoin.
there are various apps that allow you to trade with bitcoin and altcoins with not real money. it's a great way to roll yourself into trading without the risk of losing money due to beginner mistakes. if you do this while you are collecting as many coins as possible, then by that time you'll also have developed yourself some trading skills. |
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It can maybe happen but it will take a lot of time and I also think that we than should wait a long time on it because its not something that is done fast.
It will take years over years to even come close with the bitcoin right now.
it will never happen. mainly because of the fact that bitcoin usage will not even come close to how people are using fiat. that aside, we shouldn't even want it to happen. bitcoin must always be an alternative just like now. |
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They can both be good but I think that investing is better because the risks are than not so big as they are normally are.
With trading there are way more risks and its also that it can be not profitable too.
what's the difference between investing in trading for you to say that investing is less risky? investing according to me is even more risky since people nowadays invest in sites and services where at the start you don't know whether or not it's legit. |
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That is not even possible now and we have to stay realistic and of course we are hoping that the value will rise soon for a long time but that is not happening now. And we have just to wait a longer time until the value will be higher.
nothing is safe of course, but a well experienced trader with enough knowledge can achieve it in a year. if i look at myself, then i have already doubled my money. and that in less than a year. i have to admit that the peak to nearly $800 in june helped me quite a bit in doubling my money, but it's also the trading aspect that got me where i am right now. |
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I think that i will try to get loan from bank or just lend some money from my family or friend, i am sure that somebody would help me in situation like this.
loans from banks or any other related financial service should be avoided since you have to pay interest over that money. if you have no other option, then always ask friends or family since they don't charge you anything for it as long as you pay them back. |
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"Does money have Tax??"
It depends on what you do with it. If you earn money, you pay taxes. It depends per country, capital gain tax for example if the value goes up. Possible savings tax.
If you sell your stereo for bitcoin there won't be a tax.
if you sell your stereo there won't be any need to declare your coins since it is a very small amount, but when you for example sell your car for bitcoins, where the value is like $20,000, then your coins become part of your holdings. and that's when you officially must declare your coins. if you are really going to do so, that's up to you, but officially it's a must. |
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There have been a large increment in the number of sites that are newly opened based on bitcoins, so yeah this is a year of bitcoins. A year of bitcoins does not just mean that the price go very high.
i like how you think about bitcoin, but it's a fact that the majority of the people look at the price and the hight of the profit they made to call it the year of bitcoin. they don't care about the adoption and the technical side of bitcoin which are very important as well. it's pure selfishnes from people. |
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Definately yes.
Other people they used bitcoin for illegal transaction. Someone told me that one of his facebook friend used bitcoin in illegal transaction, like money laundering, so i believe that everything can be used in illegal because in this world lots of people are devils when it comes to money.
Not really devils, but most of us wants things that has a value...Therefore, anything that has a value can be used in any transaction, Even other things can be trade to other as long as the value would be enough...  everything with value can indeed be used as a currency tool, but the media always points at bitcoin for being the bad thing that is being used by criminals. i don't think this will every change. we have to deal with it. the negative point of this is that the average joe is heavily impacted by this. they are being brainwashed. |
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I think that's more on investment now due to lack of either physical or better alternatives for online stores that accept bitcoin. But here in our country we are already using bitcoin as currency sometimes, when paying bills and mobile load recharge, so it is really usefull for us.
even if you can pay in stores with bitcoin i don't think people will start spending their coins. they are probably too worried that when they spend their coins, that the price goes up afterwards, and thus they will miss out on profits. that's how people look at spending their coins. the intention to use it as a currency gets overpowered by the investment aspect. |
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Bitcoins is now at $590. I don't think it will come down to less than $500 soon.
there is no reason for the price to go back down that much. people are finally leaving the bitfinex drama behind, and are now moving forward. i think that the price will remain around the current levels for a longer while. i don't even expect much to happen anymore this year. it's a 50% chance that we will sit above the $600 price level on december 31 of this year. |
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