I see a lot saying they would sell all their bitcoins. But I think if everyone sells their coins, the price will drop drastically.
Who would care for that? Everyone will see the profit they will be getting so they wont think about something like price may drop if we sell them all but they will just do it for earning profits man. For sure all people or most people would surely sold all their bitcoin as much as they can because they would get easily be a millionaire but as expected first come first served basis since most people would sell all their holding and the price would surely dump hard or even die i guess. haha Everyone will their coins at that price and at that time they will not care about the price of bitcoin in future and once they get millionaire they may even stop using bitcoins. |
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Pretty strong and persistent I would say, There where many attacks and negative criticism on bitcoin from as soon as it started till now and it had easily maintained it's status and kept growing up until now, Bitcoin fills a need for the users and I think it would persist as long as it keeps doing that.
Yes bitcoin has a very strong core. If we get more positive news instead of negative then perhaps we could so big who could know. If the hacking fiasco's didn't happen then we would be sitting above 1k + for sure but these problems killed the faith of some investors and people so that's why we are a little below. I'm sure with time bitcoin or any digital currency like this will grow more on the people as the newer generations get older. Yup scams are creating negative impression in the minds of new investors who are looking to invest their money in bitcoins, but the price rise clearly indicates that people have shown their trust in bitcoins. I agree scam can cause negative impression in the minds of the new investors and also in the bitcoin , just talking about bitcoin then other says that there are lot of scams on it blah blah. But it is cause by the creators of the investment sites or any about double your bitcoin in a day. People invest their fiat in real life investments and even loose sometimes, but they never blame fiat for that and continue to use it, then why they are discriminating bitcoin I don't understand. |
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I want ask anyone if i give you 10 Btc what will you do. because i want investment but i have no any good idea to invest it (except gambling) but i don't like dambling.So i want ask you viewS.
If i have 10 btc maybe i invest it in bitcoin wait the price to increase or i do cash it out the 5 btc and the remaining 5 btc is i can trade it in altcoin to get more profit and grow my bitcoin. The 5 bitcoin i will roll it in trading to earn all my income because trading altcoin is the best way to earn btc. yup altcoin trading is gaining more attention from the people at a moment and 5 btc is a good amount to invest in altcoins as if price pumps then you can make huge profits even in a single day. |
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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.
yeah, more and more people are trying to get a lot of bitcoins, i think that because of that we should definitely trust bitcoins right now Bitcoin will be more powerful as a currency in future and will help us in making good profits from it so we can believe that it will be a best investment for future. I agreed with you, Bitcoin has really a good future actually, I know the no.1 reason why people invested here it is because its a good investment fpr the future, And I can compare it more than a gold one if I have bitcoin. Gold is also good as an investment, in fact it is more safer in compare to bitcoins, but bitcoins has ability to give us good profits in short term and that is not possible with gold. |
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I would never quit my job to go on Bitcoin full time because it is not sure that you are going to make enough money to be able to pay your bills every month.
Maybe that in the future it will become possible but at the moment I do not see it happening.
Yeah price is not higher at a moment and it will be risky to get full time in bitcoins as price may fall down in coming future and that can affect our life financially. |
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Okay I read too much are really believing that it is bitcoin that will be the main money.
Think again. I think we are better than that.
Bitcoin relies with the internet. Paper money dont. It is still the easy way to transact specially with retail stores and with buying food in vendors outside of our houses or in the streets.
Look, what will happen if suddenly internet collapse? Then you will go back to paper money? Or you will do the old time trading with clothes for food or some gold for food? It will get harder to trade again without it.
The paper money or the conventional fiat also relies more on the internet now. Most of the transactions are don online. No doubt transactions are done online but there are many people who prefer to go for shopping physically and by paying physical money and for them its not easy to switch to bitcoins directly. |
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I think you should try yourself in trading, earn some experience if you don't know what to do, but you can be sure that your profit is secured(just look for profit in every deal).
The best way to learn trading is to trade it yourself. I have traded for several months and learned some basics. Well, what's your profit from trading then? Do you have it at all? Because I too learned some basics but still lost two times in a row buying wrong coins. Then I stopped. There are no guaranteed strategies for doubling your money. The higher the expected profit is the higher the risk. Yeah there is no guarantee that you will make profits all the time, and if you don't have knowledge of trading then its same like gambling, either you win or you loose. |
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The only thing I don't like about bitcoin is its usage is limited at a moment, you cannot actually spend it and use it as a currency so I use them only for mobile top up and nothing else.
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in Algeria peoples dont trust even Earning from Internet by anyway
Now that is your advantage to them you start earning in bitcoin just to help your self to increase your monthly income, here in my country more people are using bitcoin but not too popular because no stores start accepting bitcoin. Bitcoin will gain more popularity in future if people will able to find places to spend them, and it will also create an awareness among the people who are not familiar to bitcoins. |
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You can hold your 3 bitcoin as long term investment and it best time to hold your bitcoin because maximum people are going to buy bitcoin and then hold it for the future and until waiting for high price because bitcoin is really increasing its price quickly and i am sure bitcoin will be more rise up its price too much faster.
Holding is the safest way to make profits in future, but some of them should be invested in trading, like say 1 btc and that is really a good amount to start off. |
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I use most of them in gambling, and rest of them to buy digital goods
Me too, i used my bitcoin in gambling, hoping to win a large amount, but unfortunately its not happen. I always got lost my bitcoin. And usually i used my bitcoin in daily loads to my mobile, and others bitcoin i used to online shopping whose accepts bitcoin payment. I have done that before that I have used my bitcoins with gambling but I stopped it already as I am very unlucky with gambling. So, as of now I am using bitcoins for paying some monthly bills and it is a good feeling that I am able to help my parents covering up some monthly payments. And that is making me proud. Yeah its good to help family instead of wasting it in gambling where there is no opportunity to make profits but putting that money in productive things will give you great level of satisfaction. Exactly its better to spend them rather then using in gambling, if you spend them to buy things then you will be holding something in return, but in gambling you will loose everything. |
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If I get 10 btc I would become unconscious but after getting back to conscious I would take that btc and run away from home to Himalaya, kidding. I would store all my btc for just 2 years then my wallet will have 10 btc but it's value will be many fold more. Am I wrong?
Yes you are wrong because even after 2 years you will be having only 10 btc if you simply store them, its better you trade with them and who knows may be after 2 years you will be holding 100 btc. |
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i think it will be take too long time like 5 years or more that we will be see bitcoin as international currency and its possible that bitcoin will be international currency if all people of the world are get awareness about bitcoin and and all people and their government adopt the bitcoin then its possible too.
Bitcoin can be an international currency in future but it will take long time for that to happen as if it find maximum number of users using it then only it will get recognition at international level. |
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i used BTC as currency and investment in my daily routine in life.That is the good things about Bitcoins very flexible. We can use it as mode of payment online shopping and transfer money and etc.
These days I use bitcoin as a mode of payment for buying goods online as I am renovating my home. Yeah we can use bitcoin with easily transaction as mode of payment i also like to use bitcoin for online shopping because bitcoin is available in everywhere in the world. Online shopping with bitcoin is good if you are residing in US, its not affordable to people from other countries as shipping cost is too high and it can be an expensive affair. |
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Definitely not from the top price. I may reconsider it when it drops to 400$. Would definitely buy from that price.
I don't think we will ever see that low price of bitcoin in future, bitcoin crossed $600 today and it will not fall back by $200 in coming months, so if you want to buy, you can buy with current price. |
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May be I will diversify them if I have 12 btc in my wallet, I will prefer to hold some for the future and invest some of them in altcoin trading and if price goes higher then will sell some of them to fiat money.
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How to earn money with bitcoin ?
You can earn money from bitcoin , because if you are going to convert your money to bitcoin you can now invest your bitcoin and earn daily profit where you can easily grow your money by trading also , buy if you want have some fun try to play gambling where you can easily double your money Investing in bitcoin alone doesn't guarantee daily profit, you have to watch the market and adapt to whatever it is doing. There is currently a downwards trend so again there aren't always daily profits involved. Also gambling is not going to easily double your money, chances are you are going to lose it all if you keep trying to double whatever you have. Gambling is for fun, and not for profit. The only one who makes money is the banks. Yeah banks and casino houses are making good profits and we are loosing our money by investing in gambling hoping that we may hit jackpot someday, but unfortunately it never happens. You are right, investing in gambling is just wasting of our money and our time, we should have to invest in some solid places of investment, which will be under our control , like we should have to invest in trading or have to start our own business. Investing in trading is a good choice as you can access your funds whenever you want and you can also make good profits from it if you select a right coin for an investment. That is certainly true comrades, that all the things we do in the trade will certainly have fewer risks than existing options. We don't have to do something bad, when doing the trade. But investment in trade, we have to have the patience, knowledge, and also rational thinking Yeah and the basic rule of trading is do not get panic even if price is going down, have some patience and wait for the price and without getting greedy sell when it reaches to your expected level. I agree, as my co-traders always say "impatient trader always lose". And i tell it is true, i've also experience it when i am new in trading. Don't panic if it price's drop, as long as you are confident on what you are trading it will bounce back to the price that you bought and will increase even more if you are just patient to it. Exactly and if you have entered the trade after doing enough research then I don't think you should be worried even if price falls, hold your coins and wait for the right time to sell. |
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I already know the world bitcoin nearly 3 years. The first time I heard of bitcoin is when my friend said that he could show her how to send money digitally. since then I was interested in learning about bitcoin, I am very grateful to my friends. james thank you is one important part in the development of my life.
Same here even I will never forget my friend who brought me to the world of bitcoin as he has given me an opportunity to earn money for a lifetime, as if I loose my job at any stage, I know bitcoin can take care of me. |
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if the value is reasonable i will accept it.
the problem is usually the rate of paying and ''real rate'' of bitcoin price in exchangeris diffirent with highest prencetage.
the same for me, also the price of the bitcoin should be way stable than it is right now, in my opinion only then people would be into bitcoins If price is in 4 digits and if it is stable then it would be great to accept salary in bitcoins, but as of now I will not prefer to accept salary in bitcoins as price is not too high and it will not give me steady income too. |
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For me the biggest problem in using bitcoin is when invest and yet you scam by someone. Another problem is when you deposit real money to you wallet and convert into bitcoin then suddenly the bitcoin decrease the value so for you it is injustice. He he.
Yes a lot of scam when we invest in and it was very big problem, because we can not freely choose a site that is really reliable. It is also a problem for me because it is very difficult to find sites that are not investment scam. If the fluctuation of bitcoin I think it's reasonable and not so problems can even make a profit. Price fluctuation is not a problem at all in bitcoins in fact it is an opportunity to buy low and sell high, and yes the most headache with bitcoins at a moment is that there is no genuine place to invest our coins. Its just a currency, i dont think there will can be any problem in using bitcoins unless and until the country we live in does not allow you to use so. When the bitcoin is exchanged to local currency, the price of it really matters. But it is not so where bitcoins are accepted. Bitcoins are not accepted in my country anywhere so either I have to spend it online or need to convert it to fiat and the fact is converting bitcoins to fiat is not free in my country and that's a big problem. |
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