My plan is not to get rich. Just work hard and have a good life. Bitcoin is a way of being part of a revolution and yes it's bumpy but also fun. Offcourse
i hope the price to go up but rich.. no not me.
It's rare to find people like you, not want to get rich !? haha. I think every people main goal is to get rich, and your way is waiting the price of bitcoin until increase. it's a good plan though, and you also can get rich with that method. each people want to good life, and people think rich of money is best way to have good life. but for me rich of heart, full of patience and simplicity it's Best of life  the good family is more important than rich of money Happiness is a state of mind. YOu can have all the riches of the world and still be not contented with what you have. And you are right, being in the company of those people you love beats having all the riches, imo. So the goal here is to have enough. Just work hard and if you got rich in the process, it's just a bonus. |
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What are your opinions on paypal or bitcoin for online shopping?
paypal and bitcoin. both have their own advantages and disadvantages. but I prefer the BTC because it is very simple As said each has its own properties. Here when you think about the usage. Most prefer paypal because it has been very popular years back itself. According to above quote bitcoin is simple but it needs time to show its potential. Slowly but surely, bitcoin will overcome paypal in terms of usability and performance. The number of bitcoin users is exponentially growing each month. So in coming years, merchandisers will eventually adopt bitcoin and more people will use bitcoin in making online transactions. |
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My personal strategy is to save 50% of my monthly income in fiat money and 75% of my monthly income in Bitcoin. 40% of it for long-term savings. 10% of it for unexpected spendings like new car parts etc.
Indeed, it is not easy because you need a lot of self-discipline over a long time frame to do this.
That is too much i think. Your taking more than 50% of your total income to savings. Are you sure you can keep that up? Don't you have any other expenses? BUt if you can do it, you'll be set in no time to make large investments. Well, it's depend which country is he live. For me 50% of my total income to savings is too much, because it can't covered my daily things, like eating. But i always motivate my self to manage money. You are not alone in that. I can say most of us here cannot save 50% of his total income. It is really hard to do especially in today's economy. It is good if you can do it but it is not really doable by a minimum wage income earner. |
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Don't lose all of your money, save some and invest some. If you invest all of it, and the investment site collapsed and you didn't even receive your ROI you lose. Play safe always.  To place safe, invest in different investment sites and not only on a single item like bitcoin. There other investments you can try like mutual fund, stocks or real estates. If you place your investments on different vehicle, even if one investment collapse, the others can save your finances. And do your research before placing your money in any investments. Yeah and there are few investment sites that are legitimate and can be trusted. And also, if you are gambling and you invest a lot, don't bet higher and don't let greediness destroy you. Actually gambling is really good for investment if you not greedy and know when to stop. But don't invest all your money, you need spare your money also for saving. Because maybe someday you need it for emergency things. Unless you have money in the house, I do not consider gambling as an investment. Playing poker, dice or any gambling games are places where you can lose money not make them. I agree with your second point. Invest some and save some. You can never know when you will have unplanned expenses. |
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Yes you right. It's very risky to quit your day job that have stable income every month and quit for full time on bitcoin. You must calculate, is it worth to quit your day job and how is the prospect of bitcoin in the future.
in my opinion full time on bitcoin is not risk if you can manage your profit, in real job you can get salary arround $400/month but if you focs at bitcoin i think $1000 is easy (need more capital, to trade it), you can withdraw 50% of your earning and enjoy it like your salary in real job, and save half foir future. agree with you work at real jobs you only get a limited salary only in the course of your company. in contrast to bitcoin you can get a lot bitcoin. in accordance with the efforts even in one day if you're lucky. You can get $ 100 many surprising things in bitcoin. and there is a lot of work in bitcoin.  Full time on bitcoin require huge investment on your part.I dont agree that one should quite his real existing job to go fulltime on bitcoin unless he has inherited fortune to fall back on If you are a decent trader, I think you can survive with bitcoin. You do not need a fortune but just a decent initial capital to start on. But as everyone knows, trading is not for everyone. But if you really just want a stable income, stick with your day job. |
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My plan is not to get rich. Just work hard and have a good life. Bitcoin is a way of being part of a revolution and yes it's bumpy but also fun. Offcourse
i hope the price to go up but rich.. no not me.
If you are happy with what you have right now, then all is good. Being rich is not for everybody anyway. You can be surviving on a daily basis and still be happy or you can be a very wealthy person and still be lonely. It all depends on the personality of a person. |
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Don't lose all of your money, save some and invest some. If you invest all of it, and the investment site collapsed and you didn't even receive your ROI you lose. Play safe always. To place safe, invest in different investment sites and not only on a single item like bitcoin. There other investments you can try like mutual fund, stocks or real estates. If you place your investments on different vehicle, even if one investment collapse, the others can save your finances. And do your research before placing your money in any investments. |
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My personal strategy is to save 50% of my monthly income in fiat money and 75% of my monthly income in Bitcoin. 40% of it for long-term savings. 10% of it for unexpected spendings like new car parts etc.
Indeed, it is not easy because you need a lot of self-discipline over a long time frame to do this.
That is too much i think. Your taking more than 50% of your total income to savings. Are you sure you can keep that up? Don't you have any other expenses? BUt if you can do it, you'll be set in no time to make large investments. |
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The business related to bitcoin is still too small. I will do some mining only in the short term.
like others are already saying, solo mining is no good or unprofitable. Unless you have a large mining farm or electricity is really cheap in your country, you should not think of mining as a source of bitcoin. Better think of other ways you can earn like signature campaign or offer services for bitcoin. But as we know, signature campaign earning is not enough to replace a day job. |
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Overall I think investing in the bitcoin is much better because there is a good chance that the bitcoin is gonna rise this year with large numbers.
This will rise because of the halving, so investing is good, although its unpredictable what is really gonna happen it will most likely rise.
Better You can earn interest by putting money in a savings account, but savings accounts generally earn a lower return than investments. Savings account is no good. It is just meant for temporary storage of money but not investment. If you choose savings account, you will lose to inflation rate. The main point of investments is to defeat inflation or make your money grow faster than the price of commodities hikes. |
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I don't think we'll see $500 this month or the next, it may go close to $450 but that's it. And that doesn't bother me at all, I am happy if it stays where it is currently. Around halving it might go over $500 though.
Yeah, the price is stuck at 420. It has been stagnant for so long. I hope after it consolidates the price will suddenly skyrocket to 500+. And I hope I can catch it before it falls back to 450 or something. |
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IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?
If it is like a normal bank where you have to submit documents or ID, then this will defeat the purpose of bitcoin. I want my bitcoin anonymous, tax free and I want to keep it that way. I will not submit it to any bank so government can meddle on it. Yes i agree with you, if bitcoin bank same as bank in real life. I prefer using bitcoin wallet than bitcoin bank, no need submit id or some verification. And i'm sure anonymous is why people pick bitcoin. And government cannot freeze your bitcoin account if you get into any trouble. Your coins are yours only and no one get it from you. While in banks, the government can freeze or get your money if they want it. |
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No need to think about saving money. Think about earning more!)
That is linked to each other. If you will able to think some other earnings opportunities then that is really good to you as you will able now to put some more funds in your savings. And I see no sense if you will just think about earnings more and don't save some part of it. What is the purpose of doing such multiple source of income? Yeah, think about saving and earning more. It is like, the more you earn, the more you save. This saving is not just for anything, it is for your future. When you have sudden expenses or you cannot work anymore, use the money you saved. It is important. |
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The best way is to always have a budget set out before you go and buy something. If it is over your budget, then don't buy it, if it's in your budget, then buy it if you really need it.
and if you are going out shopping, leave your credit card behind. This will save you from unnecessary expenses due to compulsive buying. Sometimes, there is a big sale and you will buy things even if you have no use of it. That will ruin your budget. |
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Holding as much bitcoin that I can until I have enough to sell. But not at the moment as the price is rising now
That is a sign not sell just yet. Maybe when we get closer to the halving in a couple of months from now.
Looking towards the $475 mark to want to sell them.
If you are holding, you should aim higher price than 475. Maybe above 500 will do if you bought it at current price. That is about +25% profit in just a few months. |
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Hi Secondstrade,
Can you update my rank to Member.
Thanks,
Hi Secondstrade, just following up on this. thanks, |
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Hi Secondstrade,
Can you update my rank to Member.
Thanks,
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Just come it to my mind. is it possible? to get hook into your wallet and send some to another wallet?  If the question is: can someone get your btc if they hack into your wallet, the answer is yes. But that's the same thing than for a bank account you know? Yeah, wallets can be hacked. It is the users responsibility to protect their login credentials and their keys. This can happen to anything online. But as far as I know, the bitcoin system itself is still unhackable. |
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NEVER
Bitcoin always grow,
Well glad to see you're so optimistic. But once you admit that if btc price goes under 100$ you can consider it dead, it becomes much more probable to see btc dead once or twice... Thats not likely gonna happen unless the bitcoin community starts crumbling down losing hope on bitcoin and its future. Yeah, it is too far fetch to even consider bitcoin dropping to 100 right now. The rise is steady. The price is not manipulated to reach 400. It is the current price because of its demand. |
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Set a fixed amount or percentage to save every payday. Put that amount somewhere you cannot easily withdraw or get to spend. Then live within the amount of money you have left. That will force you to earn more or be frugal enough to survive and save money.
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