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I am not rich because of gambling and that is because it will be really hard to win some profit with gambling and you have to be lucky with gambling and that happens not that often that you can earn some profit with it.
But I just gamble because I like it to do and that is all, and not be rich of it.
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I also think that Bitcoin will be the future payment method and that many people will use it and now we have to promote it more so they will get to know about it so that is nice.
But it will be really hard to know what is going to happen later in the future with Bitcoin but just save it now.
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Paper money will have not that bad future and that is because there are still a lot of people that is using paper money for their payment method and that is nice.
You think that it will disappear soon because Bitcoin is getting more popular but that is not true.
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I don't know what to say, i have no plan to get rich with bitcoin i think ,maybe i will get some money from halving and than i will create something but now i don't know.
Holding for halving is also a very good plan for becoming rich, nowadays a lot of people have bought a specific number of bitcoins and according to their estimate they will become rich at the time of halving. It would be perfect if I can sell Bitcoin later in the future with some huge profit and that is only possible if the value of Bitcoin is going to rise for a long time. Because if you look now at the value you see now that the value is rising slowly so that is nice. |
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You mean trading bitcoin is not advisable? But why? Some says that it is one of the easiest way to earn. You will buy low and then sell high just like in stock market.
Well I think that you have already missed the train if we talk "before the halving" since the pump has already started... Well there may be a few tickets left, but the spots that you will seat are risky and you may fall from the train devastated... I'm not saying it's too late to get in the train, but you must decide if you are willing to loose some bags, before arriving at the desired destination  Now the other scenario that you suggest and that will be "after the halving" is in the future and so far no one seems to know what the future may bring  Everyone was hoping that the value of Bitcoin will rise a lot in the halving but not that many people are now happy with the value because it was also a long time stable. So it didnt change that much but it will be still higher than it before was so that is nice. |
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The chance to lose some money with gambling is much higher than with trading and that is why gambling is so bad because you can easily be poor of it.
And with trading you can earn some money with it if you are doing the right thing.
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The price is now indeed rising up and that is nice for the people with already Bitcoin because they can earn some more money later and that is perfect.
But we already waited a long time until we can earn profit so the time have to be soon.
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Is it safe to keep all of my assets in Bitcoins? And how Department for Combating Economic Crimes, can affect my account? What permissions they need , to freeze all my money ?
As long as you keep your coins secure in a cold storage wallet, you're pretty much guaranteed to retain those coins forever. Bitcoins won't rot, they won't suddenly disappear from your wallet, nor can a person freeze your money. So the department can never freeze your funds, but it is possible for them to somehow interrogate you out of your private key. Bitcoin have to be safe and it is also still used by a lot of people so it have to be safe otherwise not everyone will use it and Bitcoin is important for the world. And you can even see now that the value of Bitcoin is rising slowly so they can earn profit soon. |
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I think not all banks are hates bitcoin. In my country, there is no bank that hate bitcoin. Because the bitcoin itself not popular here. But when bitcoin popular here, i think banks will hate it.
That's why the bank in your country doesn't hate because they don't know about it and your fellow countrymen has lack of knowledge about it. So banks doesn't have a reason to hate bitcoins because when they see the good side of bitcoin that can benefit your coutrymen. For sure, they will hate it and becomes a threat to their business. Banks are hating the currency because it will be not used that much and that is bad because they cant earn more money with it so that is really bad. And they see that people that is using more Bitcoin and that is nice for the currency itself, but it is still hard to predict what will happen later with Bitcoin. |
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Investing in Bitcoin is now the best thing that you can do because there are also still a lot of people that is holding their coin and that is nice because they know it will be more worth later.
So it is nice that many people have patience for it to wait for a higher value and the halving is also coming towards to us.
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Betting on sport is gambling and that is because you are hoping that you can earn some money with it if that will win and that is also the most risky thing of gambling.
So that have to change and many people thinks also that they can earn a lot of money in fast way but that is impossible.
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I am also holding for the future in the hope that the price is going to be higher then we have ever seen. I am then going to sell all my coins at once and then I am just going to stop with Bitcoin forever.
It's your choice of course if you want to quit Bitcoin at some point in the future when the price reached a very high price point but you can always use Bitcoin as currency or simply as store of wealth if you don't want to invest anymore. And I'm quite sure that by that time you will think completely different about selling all your coins at once and stopping with Bitcoin completely. Not many people have managed to quit as they nearly always come back. Once you start using bitcoin its really difficult to get rid of it, and I am sure no one can quit it so easily, and pretty sure that no one will sell all their coins at once, will save some hoping for best price in future. i personally know 2 friends who have said to never use bitcoin again. they got mad because they bought at the top back in 2013 and kept seeing the value of their investment go down and down. both have bought back in 2015 and are using bitcoin as currency now. and that while they promised to never ever come back.  I think bitcoin is something like addiction that you can't live without once you start using it, I think if bitcoin dies, I will also die the thing is that there is no point in leaving bitcoin for ever. you can use it for trading purposes or as store of wealth, or just as currency. bitcoin gives you the freedom to be the full owner of your money. people have been sick and tired of banks using their money to gamble with it on the financial market. embrace bitcoin and you'll give the right signal! Holding bitcoin for a long term can always be profitable, as you never know what higher value it will hold in future, so saving for long time can give best rewards. There are now a lot of people that is holding their Bitcoin if they have that and that is nice to see that they have all patience for it so that is nice. But it will be really hard to know what will happen later in the future with the value of the Bitcoin and that is risky. |
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Keep them safe for now, price will probably go higher, halving is incoming so let's hope for the best
it's true, maybe when you invest it, you can gain is not much. maybe if you hold it you can get a bigger profit from the results of investing, on the other hand you also have to look at the circumstances where such investments, is it really can be believed or not The gains will depend on the investment chosen by the OP whether it is online or in real world. It's just a matter of choosing what OP's really want in terms type of investment. BTC12 as a capital or even a portion of it is really a decent amount to start any kind of investment. You can better sell it later in the future when the value is higher and that would be nice if that would be possible if you can sell Bitcoin with a lot of profit. And it will be really hard to know the right moment to sell it so that is the risky thing of Bitcoin. |
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Everyone is hoping that the halving will be profitable and there are many people that is waiting for a price increase because the value of the Bitcoin was a long time stable.
So they cant do anything in that time so that have to change and you can even see now that the value of the Bitcoin is rising slowly.
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Holding your Bitcoin is just a nice way to save your money if you want to make money you have to sell it on the right moment and it is hard to make the right choice.
And patience is also important because it will be bad if you are selling it too early when you cant get profit of it.
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Gambling will only be wrong for the persons who are addicted to it. It surely wrong for them because there are many possibility on what they will end up if they won't stop or control them selves.
So blame those who addicted to gamble instead of blame the gambling itself. If they cant control themselves and get addicted, so it is absolutely their own fault. Gambling is only wrong when you are addicted to it and dont know the right moment to stop because if you dont know that the chance will be high that you are losing a lot of money. And that is bad because the money that you lost is all wasted and that must not happen you can better save it. |
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Not everyone is waiting for a higher value and that is because there are still also a lot of people that have already Bitcoin and they are waiting for a higher value to sell it.
But of course it can takes a long time until the value will be higher because it was stable for a long time so it have to recover now.
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It is nice to hold your coin now and that is because you already can see now that the value of the Bitcoin is rising slowly and that is really nice for the people that is waiting for a higher value.
But of course it will be really hard to know what will happen later but that is the risk that you should take.
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What are your opinions on paypal or bitcoin for online shopping?
They're basically the same when you're only talking about shopping, both pp and btc via bitpay get confirmed instantly. The main difference to buyer/holder is that paypal can limit your account and freeze your money, where with bitcoin that cant happen. i prefer to use the paypal paying method thats because of the times it has been used. There are more people who used to pay with paypal then with the bitcoins so thats why i use paypal. |
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My biggest mistake was to keep password same everywhere. That resulted me a loss of 0.5 BTC. The second mistake why I didn't recognized its potential earlier.
I hope you do backups of all important data, maybe even the whole harddisc, regularly. Because not doing this is the next big error that happens after having the same password everywhere. Best ways are keepass for different pass, with storing the keyfile in the cloud, you can even use it on your phone that way. And truecrypt for backups. Of course we should secure our important details and using the same password with your different accounts is the laziest thing to do without considering the risk. You can list it in a paper keep it safe inside your house and always do back up either hard or softcopy. There are a lot of people that is making mistake with Bitcoin and that is bad because they are greedy and that is quite bad. It will be also not that worst if you are making a mistake. |
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