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Bitcointalk name: KennyR
Rank: Hero Member
Current post count: 1910
Bitcoin Address: 1F16xh5qBykZYhxoqz9PvTdSLVMT41Zk8N
Wear appropriate signature and avatar: Yes
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It can become a international currency it is easier to transfer and is more profitable than holding usd the only problem is usa won't allow something like that to occur because if that happens it means usa won't be the world power anymore and the leaders over there will never let something like this to happen
If you think back, will the problem stop if Bitcoin becomes an international currency benchmark? I think this will create a new problem where there will be an unnatural movement that will intervene politically and economically, this movement will massif come from an influential Crypto community in the constitution, I think it would be very dangerous if USD/EURO is replaced with Bitcoin. Yes, a new problem will get into existence. When it gets an official state of being an international currency, if an increased user base is found automatically it'll lead to an large scale change in the capital volume into circulation. This will diminish the usd /euro market as stated in the above quote initiating a new pressure to the growing market. So it's good to grow as it is now rather than thinking about being an international currency. |
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I use bitcoin as a family's economic support and I invest my bitcoin for future living expenses and if asked about having fun I can do it when [run by dividing the time as best as possible  Most of the people around the forum were middle class. Here their intention is to make use of it and make a more sophisticated living which they cannot dream with what they earn from some day job. Very few people use it for fun, in specific on gambling as well on buying unwanted products with bitcoin. Majority use it as an investment to profit big after years believing in its growth. |
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Why not, bitcoin along with the technology behind is gonna make a big change in the entire financial ecosystem. As a part several countries have already initiated plans of implementing bitcoin as well adopting the technology which is making it work in a efficient manner.
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Just leave them, because bitcoin can be explained to certain extent as it has got only the virtual presence and doesn't have the physical state as gold or other valuables. Those were the people who have hesitation about the innovation, but requires a profit. Those people surely feel bad after years on experiencing the price growth.
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Yes, people who are into the gambling should set some limit for their self, which will help to control the loss in the gambling. if someone know that they can not afford to loose the money after some point, then it would be a limit for them. I prefer to play on weekends for fun purpose and i am not addicted towards the gambling so there is no need to set up limit.
Gambling is fun as well risk involved. The one who can afford to lose can make them active onto gambling. Without this just hoping for a win should always set their limitations and move accordingly. Those people who go without setting limits, usually go behind retaining the losses and ends up losing big. |
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That looks fictional, but if the entire world accepts bitcoin surely the price peaks high to certain level because of the limitations on the supply of coins through mining. If this happens in reality the entire population will be elite, but I don't know how the value will be calculated, because at present we valuate equaling it to USD.
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I felt like I missed a great opportunity at selling high and buying low when it reached 5k and drop to 4k a couple of days ago. Now it happened again from 4k to 3k. You think it will happen a third time, from 3k to 2k?
Every body want to buy bitcoin at the cheaper of $2,000 but may not be possible for now, even if China should ban bicoin, it's market value may not nosedive to the turn of $2,000. I don't see it coming though but if it eventually happen, that will create an avenue for people like me to buy more. Of course the price of Bitcoin can not decreases to $2,000 early in this year, not easy to dump near that price while the Bitcoin community very strong as now. But, remember it does not means the price of Bitcoin never drop down to $2,000 again, it will happen in someday. Nah, I don't think so. There's no way bitcoin is again going to be less than that (at least in the next 20 years or so). I say, its time to buy. There'd always be the time to buy bitcoin, it has no limits. Five words I learned from my past experiences with bitcoin "Buy now or cry later!". The price never goes low to such a price. Maybe the fluctuations might happen taking the price as low to $2500. This too doesn't have higher possibility, because when the price was around $2000 the user base was much less compared to the present. In a very small time frame very large number of people started to be a part of the cryptocurrency network making use of it on different occasions. |
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I would not say instant, because Bitcoin being an investment, it has also a risk. The risk probably is the opposite. It can instantly make you loose money you invested in with it.
Exactly it is the not that instant sort of profit. Any business that have capability to give you some better results, they must have risk factor. Same is the case with bitcoins, it is not instant, rather take some time. Better strategies, good hard work, techniques usage and much other involved with a lot of time is required here. But yes it give you much more. Bitcoin has already crossed eight years to reach this stage.Every investment involves risks and bitcoin investment too involves risks.o body can give assurance that bitcoin price would only increase and will not fall.Its price may increase or decrease depending on the demand for bitcoins. Over night success is not possible.Its also not a quick rich scheme.Patience,hard work is needed to earn bitcoins.But since bitcoin price is very fastly increasing,the time taken to get rich in bitcoins would be a little bit quicker than in any other field. As in the above quote, overnight success or being rich is not at all possible. For this a perfect plan us a must and the user needs to follow it even if this hasn't been providing the calculated profit. Lucky people might gain good in a short, and for instant earning large capital is a must so that even when small price increase happens small profits can be earned. |
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As the thread title describes, practice is a must with bitcoin trading. Do with what you can afford, this will little by little help gain experience and know varied techniques in trading. Also slowly can increase the capital investment, which will help gain more profit. At present there are exchanges that are providing demo's to know about trading. We need to explore and find different sources to learn, but the best is self experimenting with small amounts.
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I owe about $50K on my mortgage. Should I throw 15BTC at it and be done, or keep paying the minimum and HODL the coin as an investment? 15BTC is <20% of my holdings that I purchased at $250/coin back in 2015, by the way. Thanks in advance!
You should not sell bitcoins to pay for your mortgage as bitcoin is your investment and you should never sell your investment. You should pay for the mortgage with your monthly salary even if you are left with very little money after paying the mortgage. On a second thought, your investment have increased more than 10 folds, so you can sell the gains and only keep the initial amount of money in bitcoins to yourself and then buy another investment with the profit made. But keep this thing in your mind that you must not sell an investment for paying your mortgage. As suggested bitcoin is the one that has got promised growth periodically. So it is a must to have it as an investment rather than selling or cashing out for settling the mortgage. As stated make yourself into trading or some other form of investment portfolio where the capital should not get disturbed. The profit needs to be used for repayment requirements. |
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With every winning I try to make an better profiting focusing on the next consecutive event. This can be a sports betting or sometimes this will be an dice. Need to be happy, by the happiness should not overcome our emotions as well need to have a perfect money management. There are people who win and feel happy but Dur to lack of money management skills loss what they earned very easily.
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What do you think? China banned BTC? And btc price goes to 4,069$ today  You think to sell or it can rise up again, some rumors said that btc will fall down to 2000$ I don't exactly know what will happen in the coming weeks! China made a statement and we must appreciate it's guts, it did something that no country has ever did to crytpos and there is a minute possibility that other countries might also do the same. And when it comes to price from what I have seen is, that bitcoin will get back on track on the long run and overcome all the barriers because that's where people lose trust but then bitcoin strikes back. Till date that's what happening with bitcoin, everytime the price drops when some issue arise. This is not the first time, several times this has taken place. Someone in the higher authority when leaves negative statements regarding bitcoin, suddenly the price drops tremendously. But till date everytime the price has been retained within a specific time frame after drop. |
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There is no way to quite gambling if you are doing if you are addicted then it is hard to quite. If you are new then you can because you are not that much aware about gambling then you can in a beginning.
It's quit, not all the gamblers that do gamble are addicted. Others are just gambling for let the time past and others are wanting to find a way to earn money. But it's too much when we think mostly about money, try to remove first your greediness and change the way you think because if that happens, you can now quit'eh. I disagree with it. You can’t say anything that ensures the impossibility. This is only the matter of fact that newbies don’t have much addiction to gambling and they can easily quit. But you may hear huge stories list of expert gamblers who quit it for they found it worthless in every regard. Whether it's a newbie or an expert or an professional gambler, everything has the dependence over the self control and the self realization about the affordability. When one can have a clear understanding regarding the same, then without complications can get rid of gambling at any instance and also with those people there is no need of thinking about quitting of gambling. |
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I don't think that bitcoin gets destroyed in a short or long by some authorities. It's all about the trust and the growth keeps on moving higher and higher. Maybe if the entire network connectivity fails, some issues might arise with bitcoin. Other than that no possible reason is there for destruction.
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I believe that experience is the best teacher ever. It's so boring just listen, watch videos, read something and avoid any practice. I think that it's better to take even low amount of money and start trading
That's the right go. With trading people suggest experience to be the must, but the same can help us sustain the trading process for a longer time period. In my view invest I to coins having low value and wait for a short, surely it grows. From that know what's all about trading and further move towards high value assets. |
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Little by little the growth happening with bitcoin and entire digital currency is much big. This will surely create a strong user base around every country. So, surely in future bitcoin will be used for gifting. People gift gold just because of the increased value as well the value won't decline. Same like that bitcoin serves.
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Bitcoin as salary is not that effective at present, maybe in the future such an usage will increase when more people starts using bitcoin as well starts investing into bitcoin. I'd like to get paid in terms of bitcoin as the growth is promising, same time there are users who fear about the stability.
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