I have seen many ways to earn bitcoin, and still not familiar with some of it. I am a student and I wanna ask how to invest in bitcoin, and if students like me are capable of doing that already?
Please share your thoughts. Thanks.
It was very easy to invest on bitcoins, you can choose on any exchanger you are interested and from there you can start trading in the market or just hold your coin and wait for the highest price to come out. |
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1. Do not remember electronic wallet password
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
Its fine if you are going to back up your wallet because in this way you are going to avoid on losing a huge amount of your capital or holdings that might still grow after a few years. |
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We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.
My friend asked me what about in regions where they lose electricity, how would they trade with BTC?
For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity. A lot of people need to buy food and even fresh water.
Is there a way to still trade with BTC in such situations?
Can P2P trade still occur despite having any connection to the greater block-chain network? Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.
I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations. I assume that data would have to be relayed to a tower/dish before it's sent to satellites. Am I correct?
Cryptocurrency will be obviously stopped immediately since there will be internet as well , electricity is needed by every company on the entire world so how can you live without electricity. |
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It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.
Money earned from the internet is known as digital/electronic money. People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.
Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.
Bitcoin is a part of digital money. How is digital money is your country ??
Cashless society will be a really good concept because there will be less robbery since not every people will be holding physical cash and every transactions will be a lot more easier. |
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What altcoins are you guys picking up for cheap in this dip?
Ethereum coins is cheaper but it was also profitable, it was a very good investment if you have a small amount of capital since the price will also increase as the time goes by. |
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Does anyone else regret that hasn't invested in certain Altcoins that now rose 400-800%? Because I regret it a lot. :|
There are a lot of people who regret by not investing on bitcoin when it was very cheap and today there are a lot of people who are very rich because of it. |
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It's a Very Struggling time for Cryptocurrencies. The Market Goes down approx 10 to 15 Percent. Bitcoin Drop down $7k, On the other Hand, Ethereum goes down $400.
Its fine for me, if the price of bitcoins decreased at its lowest price then it was a good news still because you can invest a huge amount in order to earn more profit in the market most likely on december as everyone is expecting. |
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Bitcoin is of interest to law enforcement agencies, tax authorities, and legal regulators, all of which are trying to understand how the cryptocurrency fits into existing frameworks. The legality of your bitcoin activities will depend on who you are, where you live, and what you are doing with it.
Bitcoin is legalize on other countries because not every government like the system of cryptocurrency but still it will depend on the country if their economy can really handle the growth of bitcoins or not before they can legalize cryptocurrency. |
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What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
there is no way for a small company or business that is related to cryptocurrency can be handled so easily with a small business, binance and kucoin are big business which can handle a massive amount of investors so i say that small business cannot really handle the growth of cryptocurrency. |
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Its normal for cryptocurrency demand to increase rapidly today because there are a lot of people who are always trading in the market since most of them are really interested on earning a huge amount of profit when the market price pumps up. |
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I dont know if it is just me or others also experience it. I always set goals financially, set limits in spending and trying hard to save but most of the time no matter how i tell myself to refrain from spending in unnecessary things whenever i see something i really like even if i dont need it i cant resist buying it that cause me to regret later. Are you familiar with this situation?
Spending on unimportant things is very hard now a days because there are a lot of people who are really spending a lot of money like buying a car or anything that what's their endeavor needs but they did not think if they can save up money at the end of the day. |
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This is my opinion.Banks won't make you rich.saving in bank can never do that,because of interest rate that bank gives you is too tiny.You saving will be simply be eaten up by the sleepy monster called inflation. As a example I will take ,When I'm in grade school,each day I received 10Rs (my country currency) from my mother.It was enough to by me 2 meals,but in now 10Rs enough to buy 2 candies.  Banks are just for keep your money safe!  I agree that banks will not make you rich because if you are going to place your money on them then the scale of increase yearly or monthly is very slow and i do not think that you can really have a good amount of profit. |
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If there is a charity accepting bitcoins do you prefer to give some of yours  Me: I will if there is, but for now I don't have yet.  EDITED:Yeah it a hassle for now. Another question: But what if there is fiat will be disappear in the future and crypto will conquered the world and all payment transactions will be on blockchain system? So is this applicable right? It was very easy to find a charity that will accept your cryptocurrency if you want to donate but if you are going to ask if there's still a person who is will to donate their coins then no one will be coming for you because the price of cryptocurrency today is increasing rapidly and everyone is hoping to earn a huge amount of profit. |
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mon·ey (noun)
- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---
cur·ren·cy read as ˈkərənsē (noun)
-a system of money in general use in a particular country.
So, is bitcoin money or currency?
In my own opinion, bitcoin is a currency and it was a digital currency to be specific and it was just an asset before until people get interested on investing because they believe that there's a bright future for bitcoins and now it is happening, cryptocurrency is being widely used all over the internet. |
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by David Drake
In 2017, Bitcoin recorded the most unprecedented gains, making it the most sought after cryptocurrency in the market. As a result, most people are buying Bitcoin for speculative purposes with the hope of cashing on price increases.
Having risen to a high of nearly $20,000 in mid December, Bitcoin experienced high volatility towards the end of 2017, raising the question of whether its price could plunge to below $10,000. But as HOQU's Co-Founder and CEO, Alex Shmonov notes, high volatility is nothing new to Bitcoin.
"The price of Bitcoin has always been very volatile even on fake news as many people buy this asset for the sake of speculation and profit. The reality is that the entire crypto market can flop by 90% and this will be normal. We saw this with Bitcoin before. But after some time and after the dust has settled, prices will return to new heights, because progress will go further and people will understand that the problems that caused the drop are resolved or almost solved," he says.
Even so, certain factors fuel the volatility of Bitcoin, and one such factor is government statements on cryptocurrency regulation. On Thursday 28th of December, 2017, Bitcoin prices plunged by the double digits following the announcement of fresh regulations in the world's third largest cryptocurrency market, South Korea. Going by the trend set by this southern peninsula, there’s no doubt that more price swings in the cryptocurrency market will follow.
"The volatility in the price action mirrors the uncertainty in world regulation. Each positive statement from a country or exchange sees a boost in the Bitcoin price, and each proposed clampdown produces a price drop. Changes in regulation is the key price driver for Bitcoin and that won’t change in 2018. I think price volatility will increase this year, this will not be a time for the faint hearted. Reduce your exposure to price volatility by diversifying a little of your portfolio - now," says Linda Leaney, CFO at Globcoin.
According to Marcus Vandea, CEO of Playfold, Bitcoin has a highly volatile nature. But even with its price swings, it’ll be hard for its value to drop below the $10,000 mark.
"High volatility will always be an intrinsic part of Bitcoin, with 30% shifts that always happened but are now more noticeable because of its high value. It’s difficult to believe that Bitcoin will plunge below $10000, as it is now more popular and desired than ever. But extreme value swings will keep happening and will keep discouraging the light hearted investors," he says.
Bitcoin braved the turbulence in 2017, increasing its value from $1000 in January to reach a high of $19,700 in early December, before closing the year at about $14,000.
There will be always a price volatility, the reason why bitcoins is good for long term investment is because of the volatility of the market so there should be no questions about volatility of the market because it was just normal. |
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What's the best way to invest? Wall St won't tell you the secret, but here it is: don't. Find a good money market fund as your base, and clip coupons by building a high quality relatively short duration bond ladder. It's essentially risk free, and it has beaten the market for over a decade now. Sleep well, save well, focus on your career, and enjoy your life -- and though you may not believe me, I guarantee you'll beat 95% of all investors in the long run, and you won't have to pay any "advisors" a nickel.
Trading in the market has a very simple rule and that is buy when low and sell when high, if you will always follow this rule then you will always get a profit, there's no need for adviser if you can handle the pressure when the prices of your coins are dumping. |
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Do you think that someday the prices for Bitcoin will fluctuate less and ppl will be able to use more as a currency, and not only as a form of investment?
The market is volatile and we can always expect the drastic changes of prices but this is also the reason why cryptocurrency is very profitable if you will just focus on trading in the market. |
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at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
The only reason why bitcoins before is not being so popular is because the price is very low and the cost of living is very expensive even before so no one is interested on investing in it but as the time goes by, the price is keep on growing due to different new's and investors as well. |
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what do you think will be the future of this market? and what needs to change so governments will start to recognize it as a currency?
The market will improve even more since mining today is really popular, the volume of bitcoins will keep on increasing so there is no doubt that cryptocurrency do really have a bright future and that is the reason why we should keep on investing. |
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