well of course it is too risky to loan out your money, you cannot be sure on whether your money will get lost or not so it might never be returned im afraid thats why i dont do that
The best way not to lose your money is loan your money to people who know how to earn money or to your good friend, other ways is very risky at my opinion. How about just use collateral? People you know how to make money can also pull off scams as well as "good friends". They can pretend to be friends just to pull some manipulation over you and run with your money. Look at some of the scammers on bitcoin gambling sites. Well even there is collateral borrowers tend to think even they are not going to pay the loan they are already paid because they have collateral. But if you are going it here in forum and you are just going to run from your debt for sure the lender is going to ask DT members to put you negative trust. That is at least in the mind of the borrower, but for the lender they are not actually after of the collateral. Collateral are just made to secure the loan but what is important is the borrower to pay in order to maintain the liquidity of operation of the lender. You are right it is just for securing purpose and for an alternative for payment. But we all know that collateral are not just easy to sell. It takes time before you are going to get back your profit on it. And it is hard if your money is not going to move. So, it is better to secure both, payment and collateral. Never mind lending in the bitcoin world because there is no guarantee that you will be profitable with your business operation. Most of the collateral offered are just a certain account which does not equate the value of loans. Some might pay but others will not bother, so in overall it is not profitable. |
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Its not advisable to sell btc right now, it is better to save btc until the price reaches to 800-900$ this year.
I believe that bitcoin will reach that price.
Sell everything can be good, but it also depends on the point if you think you will make more profit in the future, I would not do it. I even think because of the halving the bitcoin will go to a much higher amount and after that halving now bitcoin is now stable around the market places. But I still feel that this is not the right time to sell everything and say bye bye to bitcoin, as we will experience the effect of halving later in in this year where will be seeing much higher price. As quoted by above mate selling doesn't indicate that user making an end to the bitcoin usage. The price has been fluctuating and going down with certain time interval. Possibly one with a panicked mind can go for a sell for requirements. Yeah if you are satisfied with the current price you can sell, if your target is reached and you got good profits then it is better to sell than to be confused with the price whether it will go up or down, predictions becoming very difficult. Yes its really difficult to predict the price of bitcoin in future but if you current price has reached to your desired level then I think you should sell your coins to secure profits. If you want to take profit sell some of bitcoins, but don't sell all of them. There is still a chance that bitcoins will go much higher in the near future. Why sell all your chances to profit from a higher bitcoin price at once? I would always look at bitcoins as a long term investment. In my case, I have earned bitcoins until now and I am holding it for the future, that is because I believe that the current price will eventually increase substantially when the price will start to pump. The halving was done and this time is time to wait and nothing else. |
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I believe if you have little bitcoin you must invest it first in order to accumulate more but it all depends on where you invest it of course. I would like to eventually save and invest but need to own enough to put away and save and also have enough that is earning also.
Investing in hyip/ponzi? yes it only need very little amount to invest but you can get loss at the end if you don't run, hit and run...if you investing in gambling site its needed huge amount to invest min is 0.1 or 1 btc from my experience. Moneypot accepts for as low as 0.01 BTC but your profit is really not that good if you will rely on your investment. I think we should take investing in a casino as a serious investment because that is a guaranteed money on our part if we last for longer time. |
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Diversify is really important and it's good to have part of the portfolio in BTC.
I think it's the most stable investment in crypto.
Well you are right having portfolio in bitcoin is really a good thing to manage your money. But for me, it is better if you are going to have a bank account and going to put your earnings there every time you are going to earn with bitcoin. And if you want to earn with holding, just put your bitcoins into your bitcoin wallet and for sure you are going to earn from it. You should divide properly your earnings , you put in your bank account and the other should be kept in your wallet. That is one way to support bitcoin as it has given you the opportunity to earn so you should be thankful and contribute to the community even with a little effort. I can suggest also that make a list of the allocation of your money. Every time you are going to get your earnings or salary for sure you are going to manage it properly and always allocate a fund for your savings. And don't buy things that you don't need at all. Because it is not a good way to manage. Yes, treat you income as though you are managing you own business. If possible make a financial statement of your income to track your income and expenses and so you could project your future investment. You can allocate for emergencies and investments. |
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If you have a day job it means you have a source of income and therefore there is no need to quit. Earning through bitcoin can be second income to complement what you currently have. it will be too unfortunate if you quit your job because of dealing in bitcoins because at the moment, I can say bitcoin trading is not that stable to give you confidence of earning a living from it.
We work hard in our day job to have something for our family and to save in the future and that is the most important thing to do now. Our income in bitcoin is a big help for us so we should treasure the two jobs as anyhow it has provided us something that would help us to increase our income. |
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yes there is no doubt about this. the price of bitcoin is increasing day by day. and it is expected that the price will increase so much that it will cross about 1500USD in next few months.
There is no way the price will break through $1500 in a matter of months. I can't even see the price reach $1000 this year as it is something that we should focus on next year. From insanely high predictions like these people get disappointed in the price as it obviously won't happen. Who knows, we might reach $1000 before this year ends..But of course, everyone is expecting $1000 next year and most probably $1500 will be reach next year also...Yes, that's true, some are expecting much higher price from time to time which really ends in disappointment, but we can't blame them, they saw how bitcoin price moves, but, as most of us experience, we really can't predict what might push the price. So all we can do is to wait til it happen.. It is better to set the target low. I expect the bitcoin price to reach $1000 in the middle of next year. Setting a conservative target is always better so you can increase the amount of investment you are planning to put and that would give you more advantage in the future the moment the price will began to skyrocket. |
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Can't say no one gets rich from gambling because some people actually do. Though a few of them are lucky enough, ie. Major lottery winners, majority I think are the opposite. Most people I know more often than not lose rather than gain from gambling.
We know already if we can be rich in gambling or not, by just simply evaluating ourselves we can already identify if we have a good chances to be rich in gambling, if we do not have the skills then we should never try as we will just lose in the end. |
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Of course! Well since I would have a lot to spare then. Being rich means I could afford to lose a couple of bucks for recreation and entertainment and gambling certainly is an exciting way to lose money.. Well that is if you're out of luck  Rich can lose money in gambling but doing it is just a quality time for them, they would not think so much of the amount they bet as they have more of that in their bank account. That is the big difference between the rich and the poor. |
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To make an investment in a house is the best thing that you can do because a house will not reduce in value later in the future and that is the best thing of an investment in a house.
though i think that bitcoins will also not get down with the price because if the price is going to grow a lot in the future more and more people will use it and push the price only upp Many investors will make the price go up because they have their own interest to make money like us, for now we should not worry because it is so stable and the fluctuations are normal. Keep our coins and never spent it before the end of this year as the good news might be witness this year alone. |
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Maybe you didn't meet such people in life, but of course they are exist. Remind about lotto, it's also gambling, and from time to time we hear on TV some braking news as some guy hit the jack pot and get couple millions. I don't know what happen with this people after, but they get rich in a second with buying lotto ticket.
yaa that is soo amazing when people win millions in lottery. Their life take a 360 degree turn. It is also the form of gambling and the lottery company make a lot benefits. People who lottery are damn lucky people. I would not wish to win in lottery because I never bet on them. I just do betting on games where equal chances because I am a clever guy when it comes to gambling. I believe that with a decent bankroll we will have a chance playing games without house advantage. |
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Work and again work bro and you will be rich. Maybe not only the work count to be to much rich but at least the work cannot leave you broke. If you are intelligent and creative better. You will be rich and you will make the others rich. But if not you can work honestly and you can have your good life for you and for your family.
Yes that is really going to be the solution and answer on how to get rich. But don't just be contented that you are working. When you are going to get your salary, make sure that you are going to have savings for you to be able to have investments. Because if you are not going to do it for sure you are just going to be a regular employee forever. Well, savings is very important but that would always rely on how much you earn in your day job and side job as well. If you lifestyle requires you to spend a lot the result is always bad and you can never save at all and the bad thing is you will get loan in order to survive. Well if you are a very wise person you are going to save money as you are earning to your salary. And even rich people have their savings are they are earning big money. They tend not to waste every cent of their money. They are saving it as they can because they are giving value to each cent of their earnings. Those who knows how to save are likely to become rich because that is the basic to be rich, you can save then you know how to invest eventually. Rich people do save and they are very cautious with their spending and only prioritize important things and the rest is for investment. |
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For now I'd rather hold my bitcoin than spend it. Right now bitcoin value is high, so it's better not spend it often. Maybe in future, bitcoin might grower and the price rise up. So, I would feel regretful if I spend bitcoin.
Me either , I'm not spending actively with my bitcoins I'm still hoping for the price increase before I'm going to spend it. I'm just thinking about the profit that I can get with bitcoin for today, and after that maybe that is the right time to spend it when the price is going to be higher. That is a good plan. But if everyone of us stops spending bitcoin then it will be stagnant. And that scenario will have a negative effect on the stability of bitcoin. Bitcoin price will halt and may go down. It is best if we still spend some of our coins and reserve majority for holding as an investment. Well that is true if all of us are going to hold all of our bitcoins for sure there is no adoption and price increase that is going to happen. That's spending your bitcoins actively for something can contribute good in the adoption of bitcoin. Because it is going to help the mass adoption of bitcoin in the world. We should spend but it is not necessary to spend so much, we should consider like our bitcoins is like the money earn from our real job. We need to spend a little for basic needs and save the remaining for the future investment. |
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I think if you have job already you do not need to quit and to be full time in bitcoin cause you can earn in bitcoin with your free time but i think if you have skills to be use for work in bitcoin you can do full time in bitcoin because you can manage your time and you are the boss of your self.
In my opinion, even if you have a skill that you know you could use to earn bitcoin, it is still not a good idea to go full time in bitcoin..If you have a day job, and your income is consistent and you can just buy bitcoin if you want, but if you were working full time in bitcoin, you could earn bitcoin, but it doesn't mean that it is going to be steady and that the value when you convert it to dollar would be the same. You will have a bumpy living with that. But it's good to hear that you are your own boss if you work full time in bitcoin.. No way man, you day job will just provide you for your basic need but if you are an ambitious person you will understand that you will never grow for yourself working for others, we should be the boss of our own and we can only achieve that if we take risk going out of the corporate world. |
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Well, I think the best time to buy Bitcoin is when it goes though some deflation. Some of the deflation phases last only for 10 minutes so if you do want to buy low, you have to be consistently monitoring Bitcoin.
Yeah. It should be on the deflation time to buy bitcoin. Well, whoever buy bitcoin when the price goes up? It should be when price goes down. So we can get more profit from it. But we never know if the price is really low or not and the evaluation should always depend from us to determine if current price are undervalued or not, like the current price if we think that due to the halving the price will increase then I would say that the current price now is low. |
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Saving money is not a hard job at all but it still is true that some people have trouble with it, I think that these people spend to much money when they have received money.
You always need to set a max of how much money you can spend per week.
nope I think the store is a difficult thing if the store is a simple matter of course everyone will not have problems in managing their finances and may be able to overcome the problem of waste and spending too much. but you see a lot of people extravagant and buy what they want you to know they are difficult to save money It all depends on individuals lifestyle. If earnings are less and, expenses are more then surely savings will be hard. But if one start keeping out a little bit of money every month and try to manage their costs from the left over money then they can save some money over the time. But these days all prices are going up without any limit, and it makes very hard for average people to save money. Yeah, I agree with what you said. In these days, all the prices of our everyday necessities are going up without any limit. Ad it is really hard to save especially for those below people (like). And the worst thing is we invest our money with banks the interest are not adjusted that is why inflation happens. That is really the problem if you are just savings money for the future without considering to invest as you money's worth is decreasing in value. |
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Yup if it reaches to your satisfactory level then I think you should sell your coins without any hesitation and that is the best way to play with your coins.
Some people prefer not to sell anything at all. It is not about satisfactory or the exchange rate of their preference however it is more about believing in bitcoin, some people believe that it hasnt shown its full potential yet therefore keeping it all the time is one kind of things that only believer would only do For the better future of bitcoin I think we should sell them regularly and collect profits at regular intervals but most of the user prefer to hold it for the future. Yeah, it will be useless if bitcoin losses its value just because all of us hold and not spend even a part of our coins. Transaction matters. Soon it will be the life blood of miners. After the next halving, they will just be relying on transaction fees to survive. If we do not spend, then it will be the end of bitcoin. You can always transact and it is not necessary to just save your bitcoins until you die, the value of bitcoins should be experience like living a comfortable life and you can do anything you want, that is why we invest to experience the aforementioned. |
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You can't ban paper moneys. Because that's an international Cash. Anywhere in this world is using Paper money and also Coins. You have to accept it. But if Cryptocurrency will rise and if this will be an international money, then that's good. But I assured that this Cryptocurrency can ban paper money. Because how about the Rural Areas ? How about the places without internet ? How about the people who didn't still know what is Bitcoin ? Maybe after 50-100 Years I think, All currencies will be digital and all things will be bought online.
Maybe less than we are expecting as there are activists out there pushing for paperless society. Government can save a lot of money as well they stop the circulation of paper money and start adapting using online payment or use of smart phone but you are right that there are areas like the rural areas that may not be able to use online payment because of slow or no internet connection at all. I believe that it is going to happen in the future that the government is going to implement cashless society and its been a plan since then. And for sure it is going to happen that the government is going to allow it to happen and going to convince people that it is better to use that cashless money. Maybe, but that would be a long wait before it will happen, people are already comfortable with paper money and to be honest it is really good to spend paper money as it is very simple to do transaction with anyone. And if you go to the bar you can easily tip to some hot chicks. |
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For me im not gonna risk with my work to go full time on bitcoin, if something go wrong i think i will not comeback. Better to work and have extra profit in form of bitcoin. I love my work and it makes me happy everyday.
Good to hear that my friend, if we love our work we will definitely grow as a person and that is a good sign because the moment you will decide to go on with you own business you will do it with passion and you will be close to success then. |
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Education and hardwork is the key success and you must be wise too.
Without knowledge you cant find a nice job. Without hatdwork you can t do any work.
Sometimes when we have the job already we think comfortable that we will stay in this job for the rest of our life. However, if you really think outside the box you will realize that it is not the way to be rich, the way is to be an entrepreneur having your own business. |
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I would still gambling even if I was millionaire because gambling is not way of making money for me. I just enjoy every bet doesn't matter what appears good or bad. I place of few mBtc's bets in different things. This is like a fun source and that's all.
If you will be rich you will forget betting with mbtcs anymore because your range of budget would be on Bitcoins amount then. Anyway, when you are rich big amount is just small for you because you have a lot of money and as long as you can afford to lose that it does not matter to you. |
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