The risk in bitcoin is that your not sure what could really happen. You will end up just guessing as to what your investment will be in the end.
You have to face such risk if you want to succeed in your life because each and every type of investment demands risk. Bitcoin will not go down because most of people are investing their money in it so there is a chance of risk but a very little bit. Investing your money will give you huge profit and it will be easy for you to earn money at home and at less effects. Anyhow, this is all becomes beneficial when you once started gaining experience in it and will take you to other world of happiness and peace. |
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I just came over from the 'Investor Games' subforum (hope I got that right). A guy there said he came across a site asking to double his bitcoin, he paid in $20 and got $40 the following day or so. He then went for a higher plan of $300 hoping to cash out $600 but they asked him to pay in another $300 before cashing out. He got confused and was asking for advice.
I think I've been there before. Before I became a forum member. I once came across one of those scam sites promising to generate bitcoins. Thought it was real, but when they asked me to pay some transaction fee, I was stuck. I had no money to pay the fee. With the benefit of hindsight, I know I'd have sent them the 'transaction fee' had I had the coins to send them.
Now, what have been your experience with internet scams?
How do we help people not to get scammed?
Yes,I do. I had an experienced being scammed by networking. It was like you will deposit money and bring two friends to join .. and if your two friends recruited 2 other friends, you will be paid like 70 percent of the money you have deposited but at the end only two of us in 15 people that in the pyramid had been paid. And the scammer who is the founder of that internet scam had been jailed. So my advise for is to be observant and make sure to do your research before joining anything online. At first I thought bitcoin is alwo a scam but I found out from my cousin that it is legit. Being scammed is now very popular on internet. Because a lot of cyber attacks on user. We can prevent us from being scammed. Before taking any step we should take a research about a site you want to put your bitcoin. And ask people in the forum about the site. Always ask from those who have experienced in such things. Use those site which is popular more people who use the site. This is the easiest way in order to being scammed in bitcoin. |
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I chose bitcoin because had expected, bitcoin later grew better than gold. And it's true, this year bitcoin becomes very valuable where demand is still high.
Majority of bitcoiners had chosen this coin just because of the high profit it provides to its investors. Bitcoin is the one which is all the time increasing in value and you can enjoy all this profit simply by holding bitcoin in wallet for a long time. As far as its technology is considered, it is latest one and many banks are trying to adopt it. In near future, bitcoin is going to be the international currency of the world. |
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I believe that the initial purpose of crypto is to create a digital currency for making transactions quick and easy. However, in reality it has become an asset which everybody is buying and holding. Continuing doing like this will destroy the initial purpose of the coin?
What is your opinion?
I think its both we could say its an asset because we can use it in our payment method or we can have an extra income here in bitcoin.We could say its an asset because its like a gold that cannot be depreciated we can invest it to make it more profitable,but I believe the crypto is asset because we are buying and at the same time holds for the possibility of increasing the value. But if we use the word crypto, most people, they know it is a digital currency that speeds up the transaction when it comes to money.. It was basically a currency but people find it as investment and make it an investment coin and which is also permissible here and people are making money from it and it can be both the both modes are beneficial currency mode is not that much beneficial because of small acceptance if bitcoin as payment in online outlets and sooner the currency use will be started at large scale and that will give more rise to the prices. There is no doubt that bitcoin is in true spirits a currency. It was made to be used as international currency and it is indeed used by many people for clearing their bills and tuition fees too. Bitcoin is a money, it just differs in form. Bitcoin is abstract money and the best thing about it is that we can also use it in the form of investment. There are many people who are really accepting bitcoin as a mode of payment happily. |
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I think gambling did not help someone’s life, precisely gambling damaging a person’s life as gambling like drugs that can make someone dependency and willing to do anything to it, even get lost all the treasure, because they’re just for the sake of pleasure alone that damage, gambling can make us to lose the confidence of his wife and the family that we have to be disappointed because it is, but still there someone gambled and got the support of the couple due to be tempted money in the can, but not forever gambled generate money because there are times when lost in gambled
As a gambling addiction progresses, addicts become consumed with gambling activity. Their thoughts are dedicated to finding money, paying debts and seeking their next gambling activity. This compulsive behavior takes over the addict’s entire life. Relationships that interfere with the addiction will be destroyed because the addiction has more importance. There are always some good and bad for something, we have to find out that whether this thing have more goods or more bad, only then we will be able to determine the best and worst between them. Gambling is not source of money neither in emergency cases nor usually. What if you need some money in emergency case and you loss? Like every second time, what then? |
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After I know bitcoin, I just know in bitcoin we can do gambling, after I try is very excited. But I must can control myself to prevent lose the more money.
For me gambling is for fun, not make more profit to replace main job. If you can control yourself for gambling is better !
Do you really think this gambling is only for fun? If your answer is yes, then definitely I have some reservations. Things are not like that are being shown here. Gambling can never be a source of fun or entertainment. Do you really think one person is just getting entertainment and losing his money too? Will that be entertainment to lose your hard-earned money so easily? |
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Bitcoin is still the number one coin to keep it. Currently, dgb and ripple are experiencing rapid price increases. You should pay attention to the coin under $ 1 it can grow pretty fast in a short time.
Ripple has really shown some good growth in last couple of weeks, I think it has jumped from $0.27 to 0.73 in a time span of 2 weeks, this has really proved that investors are also taking ripple seriously. Moreover, the tactics of ripple is a bit different, because they are trying to get some banks behind their back so as to get more confidence of the people around the globe. Once they will be successful, then the price will really see some good raise. |
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I agree that the price of bitcoin has been increasing too much at the last few months, it is not healthy for the coin, and true bitcoin believers should be worried about it.
If the price of bitcoin will burst with all the people inside, it may cause a lot of people to lose faith in bitcoin and may prevent it from being a global currency as we all drum about.
The price of bitcoin is increasing regularly from some time but it doesn’t mean that bitcoin is like a bubble. If the price of bitcoin is regularly increasing then it must have reasons and yes it is having many reasons which are its properties, demand and benefits etc. If we keep an eye on the development of bitcoin then I think that bitcoin can maintain its position for a long period of time. Moreover it will revel with time. |
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If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
I will choose bitcoin than gold! Bitcoin is full of potential and the price of bitcoin is too volatile. The price of gold is very stable and it is better if we will invest our money in bitcoins than gold because we can earn more money. Until now we heard paper currency so what was the worth of that currency people claim that all the central banks have Gold against that paper currency in the reservoir but did anyone see it? so btc has this new concept that everyone is owner till the time 21 million bitcoin do not spread in the market, after that the price will get stable all over the world and transactions of the bitcoin will be in place in its real worth. |
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Waves need more marketing in crypto community. So little people use it, and one event wouldn`t help it it spread in community.
There is no doubt in the reality that waves are very much popular and secure among altcoins and if they are compared with ethereum, then as you said form different perspectives wave are better than ethereum. The level of security offered by waves is much better and higher than that of ethereum. Plus waves are not much affected by market changes badly. I am myself holding waves more than ethereum in my wallet. |
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I think it depends on the people of where he use bitcoin if in criminal activities or corruption.But we dont want that dirty hands in bitcoin we dont want to harm it from those people.Bitcoin is money it is involved always in every activities that can lead to criminal activities.
It will depend more on the governments of the areas than people. It will be better for the governments to legalize the crypto currencies and then legislate accordingly to not let it to use in criminal activities. If the governments will hesitate, then people of that country will definitely find some underground links to trade in crypto currencies which will definitely lead to the involvement of bad guys of the society trading in the bitcoins. When there is a strong implementation of the law, the authorities will be able to combat illegal activities with the use of bitcoin. That is why it's important that they will legalize bitcoin to give them access on the necessary information relevant to detecting illegal transactions. I don’t think so that bit coin lad’s to corruption. But we can say anything about the corrupted people because it’s just a currency. It’s all up to the people how they deal with this that’s why I am saying that bit coin cant led to corruption. But in some cases people have black money they can invest that money in bit coin so I think it could be a corruption activity. Because bit coin gave us totally privacy so nobody can check our bit violet so that’s why that black money could be save. |
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there is a fierce competition ongoing between Saudi Arabia and Russia for the market share. The Saudis tried to hijack the acquisition of Essar Oil by Rosneft, by offering a better deal.
I think from last 5 years oil prices are going to be down and down still there is no hope to for the rise in the prices of oil. That’s why people now withdrawing their money from oil sector and they are investing in bit coin. Oil prices are down because of some reasons I think the innovation of electric cars also reduced the demand of oil and after the innovation shill gas and hybrid technology they also effect in the prices of oil may that’s why its prices gone down. Oil prices are no more stable. |
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Yes it legal, until trading of concurrency is considered legal in India.
Yes it is legal to create new crypto and launch a project but if you are having all legalized rights for it. But creating and launching is not difficult keeping it on work is difficult and assuring people that it has promising plans. Better than launching a crypto and working years for it development, just get in to bitcoin and make your money |
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Trading is almost different thing from the fixed job where one can get salary each month by just performing his duties in the office or factory as trading have the other requirements which is mainly based on planning of your business; however some successful people carry out both simultaneously. It requires hard work and proper management of your time as you get salary from your job on monthly basis and you can also have extra money through trading. |
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if become legal in all country we will go to period of mass adoption people will know bitcoin as currency or maybe store of value and impact for alt coin maybe the price will go up and up
Yes bitcoin is the need of the day and is allowing mass to grow in a way they want. Bitcoin is helping people to get rid of unemployment to some extent and is helping them to earn good amount and make their living good. Countries will legalize bitcoin because they know that the running in the race without bitcoin is not possible. Bitcoin is going to replace all regular currencies in future for buying and selling of goods in daily life |
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Can you really be sure you will profit unless you have insider info?
No, trading is not just guesswork. In trading there is a methodology for analyzing the market, asset and so on ... It will end up there. If you are doing an analogy in the market then you will use different methods to find out what is happening and what are the possible things that can happen in the market and that is where the guessing enters because you need to guess the possible movement of the market and that will either give you profit or loss. yes, I agree with that. but trading also takes courage, whether dare to buy for current prices and speculate, with considerable risk. almost similar to gambling. Buy Bitcoin at current price for long term investment is really bad choice and just noob trader have this decision. Honestly, I want to buy Bitcoin at $10,000 or low more. Because the current price of Bitcoin is not reasonable while the Altcoin price are lower than Bitcoin many much. A cryptocurrency market should not for only Bitcoin, we need Bitcoin and Altcoin. Things depend on the situation and we can’t say anything about trade. Yes educated is the best option ever and everyone should do that but I think in every place education can’t work because sometimes luck also work. If a person is clever then for trade he don’t need any serious education for trade but on the other hand if a person is a fool then even his education is also useless and can’t help him. |
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If you want to open a bazaar.You should plan a survey on what is in demand or what are the people need and want.
It is very important to know the need and the demand of the people because the if you will start the business in the bitcoin without knowing the demand of the people then it will not be possible for you to have the profit in the bitcoin now the demand and the income of the bitcoin will be high and the bitcoin is helping a lot of the people now, I hope the bitcoin will give you profit but still you need to be careful. In the country where I live, almost 50% of all computing technology comes from foreign websites like China, the United States and even Japan. There are several reasons for this, the first and the lack of internal product (simply there are no companies that do the pieces), two the high cost of the product (when we find the price and very high that makes the local commerce unfeasible), the lack of market competition (here we have 3 market names that provide this type of product) at that the price is easily manipulated and extremely salty. So if you want to open a business opt for general computing parts such as video cards, hd's, memories, motherboards and so on. And work with the import, this will make your business yield much more. |
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Depending on the amount of bitcoin involve! I know one must have done his research before committing high amount of bitcoin into a project. If the bitcoin invested is not much, one can sell and move on otherwise, hold your coin, it will rise eventually.
There is likely chance stat you can suffer a loss in any kind of business or investment in which you invested your money. Almost all the investors do suffer some sort of loss, only then they manage to do the things in a better way. In case you suffered some loss, then the very first thing which you need to do is to keep yourself under your control. You then need to make a better plan to recover your loss. |
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Of course you can do this. You just have to buy btc or ether with your small amount and start trading with them in an exchange. But bear in mind that some coins can`t be bought under 10$
everyone can start trading with any amount but if you start with a small Sure you will lose because the trading need a big money more than 1000 $ to profit a respectable amount evry month . Starting trading with the small amount of money in case you have some money in your account other than that of investment amount is really a good idea. This will help you in understanding the things in a better way. Moreover, in case you suffer loss, then you’ll lose only a portion of your money. In case you have only few amount and with that amount you are planning for trading, it is really a very risky thing. |
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Coin price is highly affected by its demand and supply. All of us must have encountered this lesson in Economy class. Aside from that, new forks also affect coin price. A new fork usually causes a coin, specifically bitcoin, to decline in price.
It is really very difficult thing to learn and there are likely chances that your prediction can go wrong as you never know what will be circumstances in the real world in the nest coming days. Anything can go wrong which as a result can affect the market price of most of the coins. The best way to predict the market price of any coin is by doing the chart analysis but even then, you cannot rely on your predictions only. |
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