trading has been, still is and will be the best way to get bitcoin.
trading is the most common way that everybody knows about it certainly is not the best or even easiest way of earning bitcoin. because it is a risky job that brings about so much stress with itself which is not good for health! i believe the best way which is also hard is running your own business with bitcoin, especially if you are offering some goods or services in return for bitcoin.
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it will depend on what they are going to offer me in return. if it is only a wallet in their bank with a card that i can spend from, then no thank you. i can spend bitcoin on my own much easier and much cheaper there is no need to pay fees to a bank to be able to use bitcoin.
but if what they offer in return is good enough, like profit, ability to use it like fiat "anywhere" and some other things then why not.
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the first question you have to ask yourself is "how much i love my money?" then decide on choosing one of these web wallets.
if you don't care about losing your money to a hack, whether it is your password being leaked or the site getting hacked. then go with any of them.
and if you don't care if someday one of these wallet providers said "you broke our rules so we take your money and close your account" then go with coinbase.
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Since bitcoin and other digital currencies are such a game changer for the traditional economics systems, could there be any government policies that can be devastating to this new market? and even if governments in North America or Europe might not be able to do such things, how about policies from other more centralized countries that could bring the same effect?
it is not yet changing any games and it may do it some day but for now bitcoin is too small especially with this block size to change any game in economy ! and so far the regulations have never been that extreme. i mean some countries made bitcoin illegal but those were always some third world country that noone cares about. the countries like US is not doing it and even Japan has embraced bitcoin, so i think we can't expect anything bad in the future either.
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It's at 709$ currently, I am thinking like the price was $600-650 for few months maybe now it will be stable-ish at 700-750 for some time. But its bitcoin you never know when it would suddenly drop or rise like it did in last few days.
bitcoin price is 700 dollar now and it doesn't matter how much some people dislike it because they missed out and it doesn't matter if it goes below it for a short time, the price is 700 dollar and it will go back there no matter how much they swing bitcoin around with dumps and spreading lies about china or other things!
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in my experience from what i have seen most of these books about how to become such and such thing are mostly some general outlines with some big worlds and after reading it cover to cover you get the feeling you know everything but when you try it in actual world you realize you never learnt anything from those books.
that is why i suggest learning on your own or finding a mentor if you could.
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please for the love of god stop this fake obsession with China and bitcoin. nothing will change ever with anything.
even if China stops using bitcoin in any form today, apart from a temporary hit to the price and hash rate there will be no other effect and bitcoin will continue on existing and being strong and popular.
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the last bitcoin bubble is a different thing, it was the first time bitcoin, a crypto-currency was going this high 1000 times the value of a dollar. it is understandable that after that so many speculators rushed in to invest and then learned about altcoins too. so i guess it will be different now. since there is no new blood like those days but the good old pumpers who come back to pump altcoins.
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they are the same in some aspects and different on some others. in general i think these two can be considered somewhat similar.
one of the differences that i have found is that in stocks market the rises are never like rises in altcoin trading market and that is because altcoin market is smaller, un-regulated and usually manipulated a lot. also the country financial state usually affect stocks but it has no effect on altcoins.
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country in which the temperature is quite higher. Usually, countries that are hotter electricity cost is also much higher.
if it is only a matter of price then maybe you are right but for solar panel usage you only need solar energy (a clear sky to see the sun) and it has nothing to do with the temperature although hotter countries have more clear sky and sun exposure but it is a strange thing to say. and i think this is great but it is one of those things that we are too far away from seeing it in real world applications and be used.
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i am starting to believe that this US election is going to have a significant effect on bitcoin price when it happens.
I don't know. The Greek crisis didn't had any effect on the BTC exchange rates, and then how can the POTUS results have any effect? And till now, we don't know anything about Trump's stance towards the crypto-currency (Hillary is rabidly against BTC). as far as i remember the Greek crisis did change bitcoin price but since Greek and its crisis were small the effect was not that big either. and about US election i have to say i still don't believe it can change anything about bitcoin price unless users continue creating topics like this and continue making the event bigger than it really should be!
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i have been trying to make some passive income for myself in the past 2 months and i have been somewhat successful. unlike other comments in this topic i don't consider earnings through jobs and trading as passive income that is why i have made some long term investments in gold and also i invested in real estate which will make me a good profit in the near future because of its location.
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The last couple days has made me uncertain. Price was going up with the announcement of Segwit and the possibility of a service like Mega attracting new users. $750-800 seemed really easy to reach.
Then some news story about China possibly looking to regulate Bitcoin comes out and the price drops immediately... (a news story with no source by the way)
I still think Bitcoin is a good long term investment, but the market is way more fragile right now than I was giving it credit for.
Assumption were wrong and speculation of reaching $800-1k have failed for this year. Bitcoins price is decreasing again as of now and it continues to drop again. When bitcoin price increase rally rose up to $750+ , traders and some users do surely sell off their coins that really affects the price. Its just a nature of bitcoin and many holders are satisfied what the price or value of bitcoin. now the price is 699 according to preev price and i think the price will go high again just like last year price before november the price is increase and down in few days and increase again back end of november the price is going to crash again but before christmass the price is increase again so i think still increase more and hit 800 value.. this is nothing new and nothing to worry about. it has always been like this. when price goes up it also becomes unstable too. it is like playing jump-rope with the $700 price, it goes up and down and helps traders make more money (hint) and then eventually it stops above $700 and never comes back down. this has already happened a lot of times before.
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Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
I think that one day maybe this can happen but it don't make sense, this only can be done if people will start to ban bitcoin and not allow using it (which is non-sense too) but since there are lots of altcoins the government can't ban them all. the government actually can ban usage of all kinds of cryptocurrency what they can't do is preventing people from using then. besides banning then is never going to happen and even if it happens it can not be the reason for replacement. the only scenario which bitcoin can be replaces is that some new coin with the same features and security but without some of the downsides is invented and since it has not yet happened and it is not easy to come up with it, replacement can not happen anytime soon.
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i have been seeing lots of these so called "apps" that each do a different thing, they all have big ideas in their heads but they only seem good and never go anywhere.
in my opinion the biggest problem with this type of apps is that they think you need to make a new coin to do something that can already be done with bitcoin so they never succeed.
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Another mistake is panic buying and panic selling. It's better to set up sell orders and buy orders based on a plan rather than just selling and buying on emotion.
I just got a little from a lot of my experience in trading some people are not be patiently about waiting for the price are get pumped and that's why that's the general reason a lot of the people are will get a lot of loss, this so simple but contain a lot of knives will be attacking for themselves. Though I agree with you but still I have faced a lot of loss in my trading history due to being to stubborn and not selling the coins at the right time. I had time where the price was going down but I did not sell so that I can sell at a higher value. So better to sell the coins when its dropping since it might be the dump stage. while trading you should plan ahead not when things happen. this means that you should have this thing called stop loss in your mind that you sell when that limit is reached without any hesitation. i have also lost money because of being stubborn and not selling but now i sell no matter what happens next if my target is reached. a small loss is a lot better than a big loss.
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i don't think anyone apart from their competition dislikes coinbase. it actually is a good service and i believe that it and also others like circle are a helpful thing to have especially for newbies who want to start using bitcoin.
the only thing that people say against coinbase and service like that is that you shouldn't use them as your primary bitcoin wallet because first it is online and second it is a third party who controls the private keys.
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If bitcoin had a stable price it would probably be just as popular or even more popular. I think this is the case because when its stable it will me attractive for businesses aswell which will reap in more and more people so some investors leave some join.
Even the bitcoin price is not that stable it always be a popular you way back 2015 when the price of bitcoin is so much cheaper than the price right now if you compare the price before in to the present one you will see the big difference in the price and you will encourage to use bitcoin as well investors are still using bitcoin whenever it is low Not really sure about that's if the price of bitcoin stable its depends how many store will adopt bitcoin and if not much of course many investor will leave bitcoin. I don't think the stores and investors will remain in bitcoin if it has a stable price. If that is so, then they will just going to choose fiat money at all. And don't need it to make it digital as there are some payment processors already making fiat money as digital currency already. That is why many investors are getting into bitcoins because of its unstable price. first of all stores, and merchants in general would love it if price is stable, and also people who want to use bitcoin as currency would love it if they could be sure that $1 worth of bitcoin would be the same in a couple of months and doesn't go down. second of all traders won't like it but they won't leave the market either. just the same way they have been trading USD, EUR, .... and so many other fiat currencies that have the same value (nearly stable price).
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price these days have a very strong tendency to stay above $700 so it is like an spring at this moment. you can put pressure on it with panic sells and rumors you spread and make it go down but it will release and jump back up to the last lever above $700 again. and this has already happened once and will happen again.
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