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This is a helpful advice especially for newbies dont invest your money into cloud mining sites, HYIP or any pyramid scheme and also stop doing faucets, ptc cause it's just tiring and all of it is not profitable in fact cloud mining and those other pyramid scheme will lose your money and end up getting scam. If you're looking for a way to earn bitcoin without the risk losing money then start here by ranking up your account with good post quality and join sig/bounty campaign that pays you bitcoin but if you want more earnings try to learn trading or if you have some professional skills you sell it here.
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Yup saving bitcoins is profitable ive also have manage to save some but not that big of amount of money like yours it is even far from reaching 1 BTC causw i dont have the cash to buy lots of bitcoin that's why i work to earn it in this forum site doing sig campaigns and bounty campaigns. I plan on saving my earnings and only use it if needed like spending on financial crisis and continue to hold it cause the price might go up and reach $8000 all time high.
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I guess this depends on the user holding/using bitcoin if you decide to buy drugs using bitcoin this it will become illegal and also bitcoins legality denpends on your location or what country your at cause in some countries bitcoin is accepted and considered as a payment method others ban it cause it might be dangerous for their fiat systems. In short bitcoin can be illegal/legal depending on the stakeholder and the country your at.
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Who knows but it is always good to have competition cause one wrong false from the main or fork coins will lose all their market capitalization/investors. Maybe this forks are somehow good for bitcoin cause it might just boost bitcoin's price value cause thw i look at it people trust bitcoin more than bitcoin cash, bitcoin gold or b2x but one wrong move from the original btc like centralization might triggered its investors to move to the forks coins.
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Never invest what can't afford to lose atleast save something for yourself to buy food, pay the bills, buy clothes and other stuff for your daily necessities. But if you have a regular job to cover up those expenses then you might invest that money instead putting it in a bank. If you research bitcoin you'll know that it has already graduated from volatility instead it has become an safe haven to store your assets if the price rise up and even double or triple your money.
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Not all of them are profitable sometimes they turn into a scam cause most of the founder give up halfway if the project doesn't get enough investors so you have to look research the ICO's project if it is physically invested in some business if the ANN thread has many good feedback, good reputation and the hype of investors into the new coin is good. Also research their new token if is valuable or marketable and has something uniquely has to offer and has a lot of good devs.
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If your planning to invest your bitcoins in cloud minings or HYIP dont bother because that's just going to lose your money in fact dont bother investing at all just hold your Bitcoins in your online wallet provider and it will just increase in it's own. You just have to patiently wait after the next 2-5 years the price will reach new highs and your bitcoins will double or triple but if you want an quick money try trading altcoins or doing bounty campaigns but 80% of your money must be in bitcoin altcoin trading is only good for short term investment some wont last even a year.
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Nope bitcoin wont destroy it after all it is necessary for fiat and crypto currencies exist without it how can we convert bitcoin into BTC/USD or any other fiat currency. In fact it will benefit benefit both currencies causw people will start to exchange their money to USD/CRYPTO and CRYPTO/USD. The decentralized system is there when people are fed up with the fiat debt based system its more like an alternative choice.
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Well that really depends in your location mate for example you are in the US you can use sites that supports cashing out in USD crypto exchanges is only for trading altcoins not fiat so you have to send that altcoin or bitcoin to a site that is in your country and convert it into fiat and withdraw through remittance, bank account, or cashless method. Dont know if your site supports cashless methods but mine does, i believe that sites that supports BTC/BTC is xapo,coinbase and blockchain.
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How can they taxed something that is anonymous are they going to inspect each block of transaction in order to charge them with the right fees ?
Maybe this is only possible through a third party site that is controlled by government like for example trading or exchange sites but they will surely be out of business as bitcoin users prefer decentralized exchanges than the one's controlled by government. In any case it will be highly diffucult how tracking and bitcoin users total earning because of it's blockchain technology.
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Yup it's a bubble but a long one im sure there will be few price correction but the price will remain stable unfortunately the current price is stable and it is supported by the hardfork and going up because of it because of the hype that bitcoin will rise after the fork is surely will happen because the users has chosen bitcoin over BTG it will be another airdrop and free money for everybody just like what happened to Bitcoin cash. Bitcoin will surely reach news heights after this. It is best to hold bitcoin for now.
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How can an altcoin with a buggy code and always splitting (hard fork) unlike bitcoin be number one?
It is even having trouble and a hard time proving its worth surpassing bitcoin's price value the question is how on earth could it surpassed bitcoin. When bitcoin has already adapted by many countries especially in south east asia and other western countries, it is one of the well known payments online or offline, local businesses and institutional investoes are using. None of this has ETH. So how?
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Because of it's recent popularity bitcoin price rises its nothing but simple economics the higher the demand the higher the price is gets people are starting to recognize bitcoin because of its potential and other aspects that is has to offer where you can earn bitcoin without having any college degree as an requirement so most unemployed has started to earn bitcoin and most of all its features that is decentralize, secured, anonymous and can send global payments faster than other centralized payment processors. This is mostly the reason why.
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Mine is a little bit different i usually earn my bitcoins in doing sig campaigns and bounty campaigns cause i dont really know trading i mean ive tried it once but ended losing my money so from then ive never tried any trading. Doing sig campaign is fine to me even though i only earn little for doing so but earning $15 a week isn't so bad and sometimes there are sig camapaigns that pays in altcoin or new token from their ICO's project so i can also earn altcoin then convert to BTC.
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From what ive seen in this forum and other bitcoin sites platform or in social media they spend most of their time in gambling sites as they can earn lots of money if they win as you all know gambling is really addicting especially when your about to earn high returns if you win and might get you broke in an instance so that's it's addicting and at the same risky. As for dating sites everyone can take their time to relax and entertain them a little but they'll get bored and start to meet real person instead online.
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Lately it seems that bitcoin is getting popular in some east asian countries maybe because they're not controlled by bankers or any western fiat currency that's they gladly embrace bitcoin this is good news for all bitcoin enthusiast out there after all that bad news that happened in past month or weeks now good news is all over the place ive also heard that malaysia is planning to accept bitcoin which means the price will reach bew all time highs.
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Bitcoin price is backed up by it's users that continues to hold it or use it and due to its high demand and its popularity the price has gotten higher and even reach another all time high this is because countries started adopting it and many institutional investors has decided to hold bitcoin for a long term investment its just simple economics the more people uses a currency the higher its price this is a sign that more people is starting to notice bitcoin.
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Your wrong bitcoin can be an asset and at the same time a currency that be used to send money/payments globally that is faster than an average transaction from other fiat payment processor like paypal and credit card and less transaction fees. Haven't you heard that bitcoin already graduated from volatility its just sometimes takes dip like all other resources they doesn't go forever increasing sometimes their prices also decreases. Bitcoin is a long term investment for investors that's why i also call it an asset.
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There are many bounty campaigns out there and sig campaigns for me there is no diffirence between this two cause sometimes sig campaigns also pays up in new token that their advertising in ICO's. And as far as ive experience their all legit and pays participants you helped them advertise their new altcoin just find a sig/bounty campaign that suits and has high reward. You can really tell that an ICO's just by its number and participants and high payrate.
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