Never put all your money into one basket. So smaller part is good to save and the bigger one to invest.
I think it should be the reverse. Invest small amount and save bigger amount, or invest in many small amount and save the bigger part. Just to be sure that it won't go to waste just in case something happens to your investments. Most people always dive in to the chances when a site is promising a good ROI, so they invest most of their money, better avoid that if you follow this - "never put all your money into one basket". We have different interpretation but that two is really important, so as long as we can save and invest at the same time. We are already making a great journey towards the future. |
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Advice, tips, speculation please.
Hold about half in a mixture of different places. Invest some in altcoins (if it interests you). Invest some in pending on sites such as btcjam.com. As an almost reliable investment I'd suggest investing in reputable gambling sites such as bitvest or primedice. Investing in lending site and altcoin are both risky. In lending the person may run away wit his money so it is not good and in altcoin investment he need a good knowledge about altcoin in which he want to invest It is always good to start at small amounts and work your way up. It is true that altcoins and lending can be problematic. Collateral can be taken to ensure loans are repaid on time. Investing in gambling sites usually is a good idea. Op would need to diversify the Bitcoins around different gambling sites so that he can minimise his risks. Altcoins is great but lending is not, with altcoin trading you can always see an opportunity to grow it in a short period of time, and if you are lucky enough, you can always participate in the ICO where it could possibly give you a good return of investment more than a 100%. |
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i like the fast transaction of bitcoin and i can transfer my bitcoin to anywhere in the world and we know that bitcoin is in our control and we can keep our bitcoin in any wallet and in any amount and sometime i feel that my balance in my control into bitcoin.
I will strongly disagree about fast transaction but the opposite thing will strongly agree with the possibilities for making a transaction around the world. Average in this day every transaction will need minimums 2 confirmation for avoiding the double spending. and which mean assuming with the prior fees every transaction will be getting a validation from the block for 15 minutes, and finally every transaction will worth about 30 - 45 minutes. I don't have any argument about bitcoins fast transaction, a few minutes is not a problem to me. I been transferring and paying with the use of bitcoin and I don't have any problems with it and I'm satisfied for its convenience and fast transactions that it can give to its users. Also while it is fast, the fees are so much cheaper which is helping me save a lot of btc's. We must be thankful enough with the transaction time as that is not really the main problem, think also of the advantage not just the weaknesses of bitcoin. Transacting cheap and fast is already a big bonus of using bitcoin, and since no system is really perfect so we can say that delay transaction might be one of the problem. |
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What will the Bitcoin network look like in the year 2100? Will people still be running and using Bitcoin?
So Exciting. What will the world look like in 2100? Will Bitcoin play a part in it?
~CfA~
I don't really think that far in that year maybe bitcoin gonna die or something will happen to it and i don't even care because i don't living on that year anyway let's the next generation continue the legend of bitcoin it hard to accept the fact that we are going to die with our bitcoin but used it as long as we can im waiting for the bitcoin can be use to merchants anyway. I don't think bitcoin will die or disappeared before 2100.Bitcoin is so much strong and secured that it can't be broken so soon.But nothing is impossible, but I believe bitcoin won't die so soon.In the future more people will be interested on it and will invest on bitcoin.Thus bitcoin will be more strong. But what, Its going to die after the year 2100? I dont think so fella. Bitcoin will die in the future as no one will stay here forever, but what I can see is it will stay for long. The fact that people are using it and keep supporting it, it makes more popular and until massive adoption will happen. |
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I think bitcoin is logical development of money as segment of the economy. Sooner or later something like bitcoin should appear and money to go on crypto level. It's a new step in all by story of money that supposed to be. I think with such temps paper money will go in past.
This is something that I hear sometimes and I disagree with it, the fact that Satoshi created bitcoin does not mean the creation of something like it was imminent, there are recorded cases in history abut an inventor creating something and then for some reason the invention is forgotten and centuries later no one was capable to create something like the invention that was lost. The record will always stay in the stay and that makes it very consistent and transparent for all of us, it's like a business that has an audit trail and in cases when there's a problem we can always check back on what transaction has transpired. |
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I guess it's not a great suggestion.
This is not the right time to sell all the coins you have. I feel the time is right to sell all of them are at the beginning of 2017. I am sure, at the time, the price is very high bitcoin, and bitcoin might have a price of around $ 900. sell today, I think it would make you disappointed.
There's no right and wrong decision because what matters only is our decision to make, and we do not know actually what will happen in the future, so our decision should be base on our goal to always be profitable. |
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well i would suggest u to 80 percent cash and 20 percent bitcoins .because u never know that when the country of ours will totally ban bitcoins until and unless u have too many bitcoins u cant rely totally on them.kudoos  If a country decides to ban Bitcoin, this will not stop people from using it, because the only thing that people need to use Bitcoin is internet. In fact, the ban in that country would help millions of people get to know Bitcoin. If you have all the coins in an exchange, you could have problems, of course. That's why it is important to use wallets to which only you have the private keys. Of course, it will not prevent people from using Bitcoin, but they will have to risk greatly as soon as they try to convert their bitcoins to fiat. Therefore many people would try to make away with their bitcoins and forget about them simply because they will no longer be of any use to them. Most people are using Bitcoin today specifically to earn more fiat through it, not because they are interested in buying stuff with their coins. As long as bitcoin has some value you will be able to find someone willing to trade, if it became illegal in your country maybe you will need to sell at a discounted price, but if they ask for a very low price, you could always change your money here in the forum for something else. Yeah i prefer bitcoin instead of cash because it has anonymous transactions via internet aside from cash currency you cannot easily transact it through online and you need online banking to be able to use it for transactions. Bitcoin has a direct ability to be directly stored by online wallet and can be cash out directly to selected affiliated banks worldwide and you can transact immediately without any traffic. For online transaction bitcoin is good but for the overall transaction a person needs to do cash is more important. If I were to choose between the two, I would just have to choose cash because with bitcoin only I cannot survive in this world. |
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I don't think the government will be outsmarted by some businesses. When they start to notice that there is a decrease in their income tax they will know the source of the problem, they might even count as using Bitcoin as Tax Evasion. Anything that is a source of a company's income is taxable including Bitcoin of course.
Governments are outsmarted by business all the time, many of the biggest business in the world pay not tax at all thanks t complicated schemes used by their lawyers that is why some governments are fighting for something they call harmonization of taxes which basically means all the governments of the world will tax you at a particular rate of your income and as you may guess the countries where you pay no tax disagree with it. The government has all the resources to determine who are not a tax payers but they just don't act on it when corruption are involve. It normally happens in a poor countries where public officials are corrupt and they just accept bribe from corrupt businessman as well. It's different in bitcoin as it is decentralized and it can never be corrupted by government, it's either they adopt or they will hate bitcoin by banning it. Corruption may be an issue, but the biggest businesses take advantage of the laws on different countries to not pay taxes, so it is not only a problem of corruption, big business have big money they can use to circumvent the laws. Income tax is not supposed to be evaded even if you are using bitcoins! Income tax is tax on your income. Hence if you do earn from bitcoin, no matter where you are you should be paying income tax. The concept is quite easy. You earn, you pay for income tax. Even if your source of revenue is from illegal activities you have to pay for income tax. The government will realize you are not paying income tax the moment you overspend outside of your means. For example, a big corporation acquired a multimillion dollar servers without even declaring a single cent to the government. That would be investigated outright. You must bear in mind that it's the nature of a person if tax collection are not strictly impose they will evade tax. So if there's no risk in avoidance of it, then why would you voluntarily pay for it. It's true that when you have income you have to pay taxes, but who's honest this days, not even the government. |
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^ya in the early days ~20000BTC was like chump change  *bath salts lol Yep, that was the feeling. It's also the reason so many early bitcoiners ended up losing or spending much of those early mines coins. Those coins were just "bath salts" to them. LOL We are talking about the past but we need to face the current now, probably in the future if bitcoin will fail then altcoins will rule and we are talking here again like what if we bought that particular altcoin before. In short, nobody sees the future, and whatever our reaction now is just right with the current situation. |
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If you mean by earning, I don't think there are any that pay enough for the time that you spend doing whatever it is that you do.
Best way to GET bitcoin is to just buy it cause it is below $765 now.
I think everyone must have a method they prefer. and everyone has different skills, maybe you can make profits by trading bitcoin, because you're skilled at it. what if I do not have trading skill, what should I do? If you have a skill or product you could sell those and if you really don't have anything to offer then you could do your job and just buy and hold some bitcoin, but if you want to earn even more than that then you could learn something new like trading or programming. Working is good at least no risk at all, however it's not viable for everyone. Most of us does not have the skills and programming, like for me, it's not my passion and I want to do now is to invest as I am a business minded. Investing in bitcoin is already my major investment so I am hoping that I will earn profit in the future. |
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i guess theres no reason for bitcoin to disappear we all know that bitcoin are keeps growing this past few months now it gonna hit the $800 if that will be the stable price of the bitcoin it will be good. hoping that this coming christmas could hit and be stable on $800 and say to those who dont believe in bitcoin that bitcoin will never die you will die but bitcoin will never be. haha
As of 02:25 PM forum's time the price of bitcoin is now $784.6 only few more bucks needed to make it stable at $800. And those people who are saying that bitcoin is dead are probably jealous on what is happening with bitcoin. I can just shoutout to them that bitcoin is dead, yeah it is deadly increasing the price of bitcoin rapidly. Yes these people are trying to encourage us not to pursue investing in bitcoins.. and probably they don't have a good experience investing their bitcoins and right now the price is getting better so I think the price would probably won't crash in the future. I do not think that is the main reason. The point here is that they do not believe in Bitcoin and their knowledge about bitcoin is limited by the government and the banking system. They venerate the centralized system too much without doubting about it. These people can not able to survive in this society if there is a technology revolution in the future. In general, they are too scared unfollowing other people paths Non risk takers people would certainly want to play safe, they will conform with government standards. They're not like us, we are risk takers and that is the reason we are here, maybe they do not want to recognize bitcoin but it's precious to us as gives us positive things in life like the opportunity to invest. |
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i think the current price of bitcoin is stable and its getting too much popularity day to day and there is a lot of people store their money in bitcoin because bitcoin fees is very much lower and there is no tax apply on bitcoin so getting bitcoin very popularity.
I think not, it's still increasing and we can expect there might be a possible pump and dump early next year. If we continue to see this price with one direction movement then good for us but this would not last longer, the nature of bitcoin is volatile. |
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No it can't but the demand will surely decrease as well as the price because many people will be afraid to use bitcoin cause it is already stated in the law that its use is forbidden but there will be always some people who are courageous enough to use vpn or tor netwwork and these people will keep it alive.
Pardon me but I do not see that it's forbidden to use bitcoin, in fact the adopters are increasing so that is a good sign to think that people are having trust and confidence of bitcoin. A cashless society would be great only for online people but it would not help the majority of the population at all. |
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My reason in buying bitcoin is, because it could benefit me. Well, I bought bitcoin to develop it into more. many people are doing it. This time, I think that many people who buy bitcoin, only to hold and wait until the price is above $ 1,000. it could make a profit bitcoin users, and it is commonly referred to as an investment.
Because it's easy to do it and we have proven it is profitable if we will be patient, what we see now is a very progressive bitcoin and this will certainly continue in the future, if we can hold longer the better as it will continue to increase the value of our bitcoins. |
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All you have to have is miner buy a miner and install it at your home and wait until you get the amount you want, but for sure your electric bill will hit high where but then OP wants steady income but without actively doing anything, and I guess mining is for him.
Mining is never a good solution for an steady income because there you will have more headaches than how much you will earn in a month, because the expenses would be even more than what you earn or even if they are not higher but the profit you will get wont be worth the work you will have to do. Yes, it is not easy to get a steady income from mining, in fact for mind you need a continuous supply of electricity, and then you have to compare the mined income and the cost of electricity, and I think most of the time they will not remain the same therefore the income from mining is not a steady income. Well, that is a business and when you enter into that kind of business you have to consider necessary factors that will determine your profitability, if others were able to succeed so it's possible for us to do it to, and we have to do what is right to be profitable in mining. |
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If you look at normal currency vs. Bitcoin I'm assuming bitcoins will be constantly on a 2-3% rise because of inflation on any other currency. So it depends what you're comparing it to. If we're talking about a currency with normal inflation then yes it'll be relatively stable at some point but if we're talking about currencies that are new or currencies that have a higher rate of inflation (3rd world countries) bitcoins will seem less stable there even if it's stable in terms of the value in another country. Either way you'll be better of with bitcoins rather than fiat!
By looking at one side you can tell that bitcoin is better than fiat, but when it comes to being use for daily transactions fiat is not question the best. The reason why we are using fiat as we can easily use it even in the physical world and everybody recognize it as a legal tender, while bitcoin is not that popular. |
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Probably bitcoin will never replace dollar, IMO at most it will become widely used, similar to euro in Europe.
Sometime i also think that bitcoin will never replace dollar because bitcoin just a crypto currency and there is no physical shape of bitcoin and Dollar have physical shape and Dollar is accept in everywhere for online and for direct shopping and currency we can buy every think from online with bitcoin nowadays . You are right with what you see, it can never happen, bitcoin cannot replace dollar soon and in the near future. It will still be an alternative currency without a value if without fiat, so basically it relies on fiat. |
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for the moment, I do not have a source of passive income, but I plan to soon make it. Well, I guess to make some business in the real world can make it work. Well, maybe rent a house, or open a shop. but, I guess I'll start by collecting money, because to obtain passive income that many, requiring a lot of money.
there is a lot of people has their passive income then they get a good profit easily and i prefer that open your shop online with bitcoin and i think its very good way to get a good profit from bitcoin business and if you sell everything with bitcoin then you will get big profit from bitcoin with easily . I think it's not easy, need hard work and smart work, open an online store needs a promotion and high cost, if I think it's better to write on your site or blog and then we put the adsense ads from Google, if we pull our writing is certainly a lot of visitors who enjoy and useful, our blog will be good on the first page of the search engines and of course the visitor will increase. You can't limit the imagination of a person, if it's hard for you it could be easy for others because we have our own capacity and we can always do our passion to make it a more successful journey of what we are making. |
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I would invest my bitcoins in studying because with enough money i can buy all the books i want to buy and want to build a career of my own and live a very enoughable and healthy life .
Yeah there is a lot of student in bitcoin and they getting a good profit from bitcoin because they are a good trader of bitcoin and these student just spending their bitcoin on their education like as books and notes and they can build their good future through bitcoin. Good for them, they learn trading at a young age. Some have been working hard just to earn a minimum amount of income, and that only proves that working smart is better than working hard and if both can be done then it's best. Investing is the only way to reach our dreams in the future to be rich and have a comfortable life. |
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Based on the increases in value this year, I think Bitcoin is going to be a worthwhile investment. Although it will continue to be high risk with potential for high reward.
What if it will drop it's value? Do you still believe it's a worth investment? I guess you need to be more matured when it comes to investing a risky investment like bitcoin, I don't think this will always continue to rise, there will be time the price will dump and if we panic we will lose what we are waiting and the opportunity to grow our money. |
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