The easiest way to save money is to take a part of your salary saving in bank.
But it's not the best way. The best way is to invest something.
I would go for the safest way because I would never forgive myself if I would invest into something and in the end I would lose my money. So I would just save my money in the bank where it is safe. Everyone has its own risk level and it is fine if you don't have the guts to risk. But remember the old adage, no risk no gain. It is just fine to risk something for a greater gain as long as you studied everything before you invest. And putting it in a bank is not a safe option either. Banks can go bankrupt. And you lose to inflation rate over time. |
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Well I got sad news for you all.....it's a long way down
This made me check the price, but he is wrong. The price is stable and still getiing higher. It is strong and stable. It is still good to buy and hold at this moment, I believe bitcoin will just get more valuable each day. |
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If I have a lot of money, I dont think to save my money in the banks or at my house.
I will invest it or buy something to get profit in the future.
That is right, you should invest your money. But before you do that, you should have an emergency fund in a bank or saved somewhere. This is your fallback if ever your investments failed. This moneybcan save you a lot of headaches in the future. |
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As the title say, what is the proper way to teach someone about what is Bitcoin?
It's now much easier to promote or teach someone about bitcoin than when it is just starting out you can just tell the guy to google it or better send him to reputable sites that has reviews about Bitcoin,experts analysis and reviews is far more better than your own words. It has much more effect if you take the time to explain everything in easy language face to face if you know the person in real life. Otherwise that person might get frustrated and quit because he/she doesn't understand everything properly. Yeah, if you can explain it to them, one by one the concepts of bitcoin and the benefits it has against fiat, I am sure they will accept bitcoin. If they did not, then move on. Go to the next person and introduce bitcoin. The point here is let others know that bitcoin is out there and there is an alternative to fiat. |
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Interesting take from someone who obviously has more experience. I think it's natural, I mean, the enthusiasm must start to fade year after year, but I feel that maybe you had too much misplaced hope in the first place. I recognize Bitcoin as a unique technology and completely innovative idea just like the internet was in the 90s, but we are still far away from the potential. Plus, you can't deny that as a investment if you bought a a good price in 2012 or so it has been appreciating yearly and it all points that it will keep doing so. I still understand where are you coming from, there's a lot of issues still unresolved and Bitcoin still seems "stuck", let's see what 2016 and 2017 brings.
I agree that my interest was at an all time high when I began with bitcoin and yes it is breaking year after year. But till today bitcoin is still the main innovative thing out there. Which makes me believe it will eventually get the attention it deserves. I think it will get the attention it deserves. It has already stabilized and in the future, the price will go up. It will be more valuable as time goes by just like gold. If it does, everyone will try to get bitcoins and what you holding right now.will be too valuable. Yeah bitcoin is still in its younger age and we need to give it some time, and I am sure that bitcoin will achieve new heights in future and I have total faith in it. Yeah, just have faith in it. It will be stronger in the years to come. People like us who strongly believe in bitcoin that will make it achieve new heights. |
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Bank generally won't dissapear, there is no chanse, but bitcoin is crypto currency and it has potential to be dissapeared but I think that goverment need bitcoin and it won't dissapear until they need.
Government does not need bitcoin, it already have fiat. We need bitcoin, it sets us free front the control of fiat. We will not let the government close.down bitcoin. We have kept it alive for 10 years, we can keep it alive for more years to come. |
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I bought some coins for holding, cause everybody knows, halving is coming. I really want to see how much profit i can get after all. Hope i willnot be frustrated.
You will.not be frustrated, don't worry. Bitcoin price is steadily increasing though not that big increase. It is steadily adding small amounts and growing near 500 each day. |
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I'm usually attract my office friend attention by show how I can earn free bits.
Once they interest, I'm explained bitcoin detail and they are so amaze on how bitcoin work just like normal currency
this is a good method to use but it doesn't work on everyone. i have tried it and mostly when you want to introduce it to someone that is looking for online earning. it is good to show them how they can earn with bitcoin . Yes, it will only work to those who want to earn online because you don't earn that much if you are just showing faucet or signature campaign. Unless they are already into trading, I am sure adding bitcoin to trade is much welcome.those who have day job is harder to convince to use bitcoin. They are too deep into fiat. |
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Price rise and price fall will always be a part of bitcoin journey, if price falls you should not get panic and have faith that it will rise again in future.
No it isnt and price doesnt really determine the value of the investment. Once the world realize that bitcoin is far more than pump and dump stuff, we will be able to purchase things by using it and I mean alot of things rather than just some niche which means the price wont be any significant factor to worry about anymore Price will always rise and fall. How you use it to your advantage is the key to it. Of course, the price will always be how you determine the value of an investment. That is why you invest, to get a higher price and more money. |
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Well you could show them some links or websites which have already been there for that use or you could tell them in a couple of steps
1. Get a wallet to store bitcoins
2. Start getting bitcoins with stuff such as gambling, dice, posting, surveys and much more
3. Continue until you want to cash out
Yes most importantly make sure they advance. Regardless of the way if they could be sure they are definitely interested in bitcoin. If it had been interested would have been easier to teach. You got the point. Teaching someone who is interested to learn will make it easy for you to teach. You can just teach them the basics, and for sure they will search for the advance. As long as they want to know more about BTC, they can learn by themselves as time goes by with minimal guide/supervision by you. You do not need.to.teach bitcoin to anyone who already have interest in it. All they have to do is google it and all information is there. We need to introduce bitcoin to.those who have not yet heard about it. Or those who is not involved too much in internet. This way we can expand the user base of bitcoin which in turn will make the price higher. |
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Interesting take from someone who obviously has more experience. I think it's natural, I mean, the enthusiasm must start to fade year after year, but I feel that maybe you had too much misplaced hope in the first place. I recognize Bitcoin as a unique technology and completely innovative idea just like the internet was in the 90s, but we are still far away from the potential. Plus, you can't deny that as a investment if you bought a a good price in 2012 or so it has been appreciating yearly and it all points that it will keep doing so. I still understand where are you coming from, there's a lot of issues still unresolved and Bitcoin still seems "stuck", let's see what 2016 and 2017 brings.
I agree that my interest was at an all time high when I began with bitcoin and yes it is breaking year after year. But till today bitcoin is still the main innovative thing out there. Which makes me believe it will eventually get the attention it deserves. I think it will get the attention it deserves. It has already stabilized and in the future, the price will go up. It will be more valuable as time goes by just like gold. If it does, everyone will try to get bitcoins and what you holding right now.will be too valuable. |
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I do not buy bitcoin directly. I mine altcoins and sell them for bitcoin. By doing that, I can earn more bitcoin.
that is good, you are earning bitcoins without spending tok much. It is a good idea to mine alt coins instead of bitcoins itself. It is easier to mine alt coins because they are new and the difficulty is still low. |
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Saving money in bank is good but the rate of interest is too low and you also need to follow many rules and regulations of banks, in bitcoin you can enjoy great level of freedom.
The thing is we save our monies in bank and the bank will use it for lending or offer to for loans to people who needs money and they will put big interest into it and only a very tiny portion they are giving it back to us. Yeah, they are just the one benefiting if we put our money in the bank. They earn a lot from what we put in there and they just give us too small back. Save your money in bitcoin and it will grow and you tke all the profit. No one will get percentage of what you earn. It's all yours. |
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by using faucets and tasks online.
Rich with faucets and tasks? are you crazy or you just joking? who became rich with these activities? the answer is no one.. this is not even possible. I've claimed faucets for 6 months and I've earned only 2 dollars.. earning 50 satoshi per claim won't make you rich.. grown up and think something better. Many people dismiss the benefit of using a Bitcoin faucet or a forum signature campaign as of late, simply because they feel earnings are too low. Neither of these tasks requires a lot of time and effort, but if done right, can award a solid amount of Bitcoin every month. Faucet is not bad for those newbies that still in the process of learning about bitcoins. But it will make them boring after getting into it and they will just earn too little profit about it. We can't blame faucets its there marketing strategy. Faucet is just a good introduction to bitcoin. But don't expect newbies to stick to it. The income you get from there is too small to.waste your time in it. You will get nowhere if you stick to just doing faucet. |
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No. I won't quit my job. I will continue my job and use Bitcoin as part time. Bitcoin serves as an extra income to me. So I earn it whenever I have free time. And I mange doing that like others, working full time with my job and bitcoin as part time. The good thing is, we can earn bitcoin whenever we want, anytime and anywhere that's why I can handle to earn from both.
What if your day job income is just 10% of your total income from bitcoins, is the time still worth for you doing your day job? If that will happen to me then I would completely leave my job, I need to focus on the job that gives me more income while putting only a little of my time. It is still okay if you can manage to do them both. Besides, bitcoin jobs does not have health benefits or bonuses and other perks. If you give up your job, you give up those perks too. Just do them both and earn more. Make bitcoin as an extra income. |
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Theres a way that easy to double your bitcoin but easy to loose your bitcoin. Gambling sites you can double your money but you need to risk your bitcoin. If you win congrats if you lose am so sorry.
That is not an easy way, that is the sure way to lose all your bitcoin. Worse is, you can get addicted to it and you will be risking your future. I do not get involved in gambling. It is better to just work hard and earn more bitcoin. |
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I do not spend them a lot to be honest, I only sometimes spend them if I really need or want something.
These days I also do not want to spend a lot because the bitcoin is gonna increase in its price of course.
That is a good move. Only use bitcoin when you really have to. Just wait for the halving and the price increase so you can fully benefit on the increase. You can spend more after the price increase. |
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People dont have full faith in Bitcoins yet and this is the main reason of not using it.
I agree because they don't know yet the potential of bitcoin has. But if people will just know the possibility of bitcoin can do. They will believe that bitcoin can be used as one the currency online. yeah i agree with what you say dude. certainly if people know fully about the potential and advantages of bitcoin they will be very difficult to stop using bitcoin right ? therefore to dampen people who stop using bitcoin? What should we do ? Maybe lacking of education is one stopping them because if they realy know what benifits they can get for staking bitcoin well i dont see why they well not use it, but really majority of people dont know about bitcoin and doesnt knew it was existed. Little by little people are knowing bitcoin. Right now, mostly only internet users are using bitcoin. But in the near future, when bitcoin is already widespread, and can be used in any establishments, more people will use and believe in bitcoin. |
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I still believe in bitcoin although I know it could still fail. It has lasted through many ups and downs and is pretty stable right now.
Yeah, bitcoin has already weathered many storms in it life. This includes the sudden drop in price. But people still believe on it and now it is stable. Now it is just time before bitcioin can reach its full potential. |
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if you want to save your money then I will say that convert them into bitcoin and then save theem in your wallet so you will earn a good amount of money in the coming future and if you want to invest then start your own business with it and so you will earn more better.
Bitcoin is taking care of us in both ways, try to save in it on regular basis, and if everything goes fine then it can be the best investment for future giving best returns. I agree with this, this is what I am completely doing right now. I don't save my money in the bank because of the low interest and inflation rates. I save my money in the blockchain while it also gains interest. I also do that better than the small interest the bank is giving us. But I still save some money in the bank, just for emergency purposes. All other money, saved as investments on bitcoin or other mode of investments |
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