I use Bitcoins usually to pay some daily bills online, and i prefer using it than fiat when that's possible, as there is many marketplaces not supporting it till now unluckily
Yup if we have to spend our bitcoins then we need to convert it to our local currency first, as there is no single shop that accepts bitcoin as a payment method, but its very easy to convert it to fiat. Converting money was never a hard thing though, but the fees are something that makes it a little hard sometimes that is why it would have been great if it was accepted everywhere so that we did not have to pay any fees for exchanging it. Exchanging your bitcoin in fiat has no fees but when you withdraw it, it has a high fee! that is the struggle but it is okay as long as you withdraw your money though here in our country it takes time to exchange your bitcoin in our fiat it takes 2 days or more but it is okay then it is okay to withdraw it I don't think that it takes 2 days to convert bitcoin to fiat, it takes hardly 5 minutes to get transferred to bank account and I am doing it from localbitcoins since long time. |
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If he has already invested in cloud mining then I can't really help him, but I would suggest him that if they pay him for the first time then that would be the right time to withdraw all the funds from it.
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It's not actually earning a living with bitcoin because my earnings from bitcoin are not sufficient to meet my daily needs but it is really a big help on my budget. Bitcoin is really helpful to lots of people.
Yes its a big help because of btc i have extra money to spend for my personal needs, though i cant go full time in btc i still have time to earn btc and im contented with just that. i also have real job and business so i have to manage my time. Yeah and if you can manage to earn from both of them then there is no need of quitting the job as if you work on both then you can have higher income. |
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I dont think bitcoin is ever gonna come down to close 300's though..the lowest ive seen bitcoin these past months was around 540-560. Lets just hope the trend stays the same or continue rising.
Yes, how bitcoin had managed to stay strong around $200 among the major bitcoin exchange collapse, similarly hopefully it will not go below $500 levels too as we are into 3rd era of block rewards. Price fluctuations are common, so some ups and downs are reasonable but the extreme downs are not possible when we are considering the rising high demands for bitcoins. Price now is rising because of the demand of bitcoin so I do not think it will ever go $500 again, we can only see big dip of price when another bad events will happen but we have witness how bitcoin has recovered on the bitfinex hack and that alone would prove how strong and stable bitcoin is. Bitcoin is strong but we cannot say that it is stable as price keeps on moving up and down but still we can trust it that it will be holding higher value in future and that is the reason we should buy at a moment. |
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those scammers who scammed me about $30 they will not get peace in next birth. I hope they be fine in this life but in next life they will definitely suffer. So i hate the work scam as i m not any professional but a student so $30 matters lot for me.
Hmm, you are right that scammers in the world of bitcoin are the worst thing about it, if there were no scammers in bitcoin community then it would have been really great for everyone as they would not have any worries. Every good thing will hold some bad things around it, so we cannot expect that bitcoin will be scam free it will always be surrounded by scammers whose main intention is to cheat people. |
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Bitcoin is a long term game, in my opinion, you certainly will have to wait to get rich. Just like the buyers of companies like apple, google and so on, you may have to wait a few years to get really rich.
You cannot expect to get rich only with 1 btc, as it is very small amount but in other way its good amount to invest in altcoin trading where you can expect higher profits if you invest 1 btc. I bought a few bitcoin a week ago when the price was around $570. Now the price is $600. I will be rich in the future. Well I see a lot of enthusiasm on here, price is now $610 only to remember that sometimes the price goes up and down. Yeah nothing is sure in bitcoins, anything is possible either it will go higher or lower, but if you are lucky then you will take right decision at right time by buying or selling your coins. yeah very likely that you're lucky to buy bitcoin at a low price and then after that prices rose very rapidly. I think it's very likely to happen and I often found like that. so take a look at the situation first before trying to buy bitcoin Yeah you need to understand the price movements and market research before investing money in it, but I still believe that if you can afford to hold it for long term then you can buy it at any price. |
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I never spent coins in real life and that is all because i dont like to spent my coins into bullshit you know everytone needs to spent their coins where ever they want you know.
i also never spend any of my coins right now, to be honest i think that it is way better to hold it all right now in order to make some money If you cannot spend it directly then better option is to hold them for the future as price will rise in future so if you spend at that time then it will be more profitable for you. |
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Nice list, I tried only betking, and with 0.22 btc investment after one week I was in minus 0.01 btc. I divest coins and tried to gamble a bit, I lost 0.07 btc. That was my experience with betking. I don't think I will invest there some money again.
But poloniex sounds very good, about them I heard only good things. How that lending works, do they take some collateral from people who land money, how they now someone will return money? I think I will try this once I gather my money from different sites.
I am using Poloniex since long time but I never took any loan from it, my funds goes to trading and I am making good profits from so I don't think I will ever be in need of taking loan. |
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Bitcoin is not popular in my country, but many youngsters are using it but the sad thing is that they are buying bitcoins only to use it for gambling and nothing else.
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Bitcoin is still young but its gaining popularity at a moment and many more users are getting into it and we should trust it because it will take over the world as a currency in future.
Indeed, Everyday the bitcoin community is still growing, the bitcoin users also multiplying everyday. which is obviously that in the near future the entire world will definitely realize the bitcoin is a good one to use as one currency because of its benefits and advantage of using it. which is very trusted virtual money in any country. The mindsets of people will change in future for sure, and people who are hating it at a moment will start loving it when actually they will start using it. |
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I will sell all my coins and travel the world with my family, and I will also buy luxury cars and home with it as I know that after that I don't have to work anymore.
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I am using it for trading and gambling and if I am in need of hard cash then I will prefer them to convert to my local currency and at that time I will not wait for price to go higher as I am sure I can again earn it.
good thinking if you always convert your bitcoin to fiat without waiting for the price to rise. it is good to avoid losing again after getting profit. I also usually do that. when I always direct benefit to the fiat convert and play back the initial capital. Yeah and I think we are earning it so that we can use it as a currency, either directly or by converting it to fiat and it doesn't make any sense to keep it idle without using it. |
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hey guys im still a newbie here and im asking where can i invest my only 0.1 BTC BTC ??
Well, I think you have several options like start trading, gambling or just hold your bitcoin as long term investment waiting for some years later. If you want trading, I suggest you to learn all about it first but you can't expect for high profit. I like to gambling with that amount, it will give you nice profits, I suggest to try sports betting but you have to see tipster recommendation. You can't do much with 0.1 btc, even if you invest in altcoin trading then you need to wait longer to see higher amount of profits, so if I have 0.1 btc then I will surely prefer to use it in gambling. |
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I don't think so cause there is no guarantee that bitcoin will exist forever but I think that bitcoin is a good way of investing and just like any other form of investment, there is always a risk so just invest an amount that you can afford to lose
Don't put all your money in bitcoin as no one is sure what will happen to bitcoin in future, so its better to diversify our wealth in different products to reduce the risks. |
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Hey guys, I just spoke to a guy over chat who told me his plan was to get 100 BTC, wait for the price to reach $5k per BTC and retire after that. Since he lives in a third world county, that might be possible for him. I know this is a simplification of the problem but I d like to know what s your plan. How many BTC is your goal, at what price and what happens once you reach that goal. After all, we have all been involved in a dream, why not dream it a bit more.  If I become rich in bitcoin, I will create my own altcoin which can help the community here to resolve in any aspect of their problems. Second I will build my own business traditionally, This things qill happen only If I hit my target goal amounting 200btc. That's a good plan but to make it reality you need to work really hard on it and yes 200 btc in a good amount to hold for the future and if someday I reach there then I will surely retire from my day job. |
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I am actually about to quit my day-job to work full time "on bitcoin". It is very exciting, however I will be soon working strictly for bitcoins with my employment. This should be a very interesting chapter in my life and I am excited to start working for a dedicated, serious bitcoin company.
Well all the best to you for this and i hope you wont regret this decision in future and earn a good amount of bitcoins as a regular incomr. But for me i will not do this because i consider this a really risky option to be dependent only on bitcoins for full time income. We can afford to get full time in bitcoins but the only thing that scared us is price instability of bitcoins and that makes us to think twice before getting full time into bitcoins. |
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If you want to live a very comfortable life don't be satisfied saving your hard earned money, find a better investment to make your money grow.
thats true, though with all the investments you should be really careful not to lose all the money you already have if it turns out to be a scam yeah looks difficult to find an investment on bitcoin, because most of them are using Ponzi system. some good investment just hold bitcoin or put on altcoin. but it must be smart to choose a good coin. Exactly, we need to be very careful while investing in altcoin as there are many shitcoins available which may disappear in few hours, but a moment xmr and etc seems to be good. Actually, you can still make money with shitcoins because the trend of pump and dump would still happen. If you were able to do the right timing you will earn money in a short term investment. making money with altcoins is only a skill and if you have that skill you can make money with trading them and if you don't have it you will have a very hard time making any profit from trading because your decisions will be random and your trades will be gamble. In any kind of trading we need skills because we have to predict the price movement base on the data that we are going to gather. It is not easy to make money in trading if you will only rely on your guts or instinct without proper research, it is a continues learning that you have to do. Yeah and if you will not learn and gain knowledge and keep on investing depending on your luck then there will be no difference in gambling and trading, and chances of loosing will become higher. |
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I will prefer to invest my bitcoins in any potential altcoins like XMR or ETC at a moment as both of them are performing really well and it may continue in coming days too.
yeah, im putting my money into the cryptos that have potential too because i think that in this way i can make some decent profit easily Yeah and investing in different cryptos is better then investing it online in any site as we all are aware that we are not gonna get anything in return if we invest our money there. |
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I think that I could accept at least part of it in BTC. We certainly need to start doing this, in order to encourage more people to use Bitcoin.
the same for me, getting the whole salary in bitcoins is really risky in my opinion and i dont think that it actually should be done as i would lose big money Exactly as your monthly will depend on the price of bitcoin, one month you will be holding higher income and in next month may be it will be below average which can affect your financial planning. |
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0.1 BTC is too little to even consider any kind of investment, what you should do is look for ways to earn more bitcoin, signature campaigns, offering your skills to the community for bitcoin or get a job, earn fiat and buy bitcoin with it.
if you are rich or if you want to do a huge thing then it is small but in any case, if you want to make an investment like for example if you want to start trading 0.1 BTC is more than enough. it is $60 at the current rate and i say it is a pretty good amount to start trading because it is big enough to make profit on and small enough to be able to risk it. Yeah 0.1 is a good amount to start trading, and you can also gain some experience and knowledge about the market if you spend enough time on it and if your trade goes wrong then that amount we can afford to loose. |
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