Bitcoin is money for me because you can exchange it into fiat. Also even online bitcoin is indeed a money were theres some online store that accept bitcoin. Last, fast transactions when exchange into fiat.
to me i think we can exchange bitcoin in to fiat. but we do not feel the need, because we can use bitcoin for shopping everything without changing it in to fiat currency, because most of the big onlne shops accepting bitcoin for shopping. |
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Paying taxes is a duty of every citizen, but each country certainly has different rules about tax payments in this case bitcoin tax, although there are some countries that require the income taxpayers earned through bitcoin
I agree many countries still not charging any taxes on the usage of bitcoin but the government should take control on bitcoin, once it is controlled by the governments then people will start paying taxes on bitcoin buying and selling. to me i think those countries who do not have declare bitcoin as legal currency, they do not have to pay tax on bitcoin, and therefore i do not think that still a single country is collecting tax on bitcoin. may be in future when they will consider bitcoin as legal currency then they may start collecting tax on bitcoin. |
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In the rapid domination of bitcoin, there are some countries who banned Bitcoin and one of the reason for me is SCAM. In the world of internet you can find or just come across our way those who take the advantage in the world of networking. We cannot blame those countries who banned Bitcoin for their fear of their countrymen to be scammed. Your thoughts?
i do not think that a single country has banned bitcoin, because we can see from all over the world in thiis forum. although most of the countries have yet not given any statement about bitcoin that either bitcoin is legal or illegal but then do not consider it as illegal and that is the reason that still bitcoin users are present in all over the world. |
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Exactly i save bitcoin for future purpose.
Because I have many dreams and hopes.
Such as I want to be able to buy a house and also a car. Besides that I also want to finance my child's school in favorite school.
It will be hard for you to do all that or buy all that stuffs that you want because it will cost you too much to buy the things with that but there is a saying that says, work hard beats talent so even you don't have any talent you can still work hard for those things and if you have consistent efforts then those things will be easy for you to achieve. to me although these things look like difficult but not impossible, to me i think if a person can really make good profit from bitcoin. if a person have some good assets to invest in bitcoin then these things are really possible from bitcoin. one can really make good profit from bitcoin and can really fulfill all their needs. |
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The real difference between Bitcoin and real money is that real money is known and listed from the IMF. Bitcoin is not real money, people like to treat it as the next Currency of the world though majority of them don’t know why Bitcoin would be placed within that rank if you’d ask them.
Bitcoin is not secure, Bitcoin address could get hacked if the right people know what to do. It’s only a matter of time till a bunch of people start waking up to that fact.
This is cryptography. People knows what to do to crack the private keys using the addresses. But, can they possibly do it? You can save all the addresses together with their private keys in a text file but even if you make a hard drive as big as our planet, the addresses and the private keys won't fit on that file. Remember that the essence of bitcoin is that it's impossible to crack these stuffs. These are all just Mathematical stuffs and people already know it. That's why they made it impossible to crack. It will take millions of years and an unbelievable amount of storage We may never know until it is too late Many distinguished people had been claimed something as completely impossible until they were miserably proven wrong ("heavier than air flying machines are impossible"). In this manner, just because Bitcoin is "cryptography", it doesn't mean that it is totally unbreakable and cannot be cracked. The references to a hard drive as big as the Earth are really lame since they are quite in line with many similar claims made in the past like you would need a million horses to drag a freight train or future cities would be filled up with horse manure tome i think that main and the only difference is that bitcoin is a digital, crypto currency, where as really money is physical currency, we mostly use bitcoin for online shopping etc, while using paper money for buying physical items and stuff. |
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Well majority of Muslims are unaware of the current banking system. Interest is strictly forbidden for muslims, i have many friends, I have all asked them one simple question, "Do you know how does the banking system work?" All of them surprisingly did not have a single clue, We all know that the banking system is based on interest and when i revealed to them, they got shocked. But their response is usually that they can't do anything about it, It has become a norm to use the fiat, They can't buy stuff from local store etc. Which is kind of true, I believe if the awareness is spread among the Developing countries like Indonesia, India, Pakistan etc, Bitcoin's Price could Sky Rocket 10x or even 50x, But only if the awareness is spread. well that's my opinion.
but there are a lot of banks that are operating in Muslim countries. even some countries are claiming that they are working according to the slamic sheri law. for example, United bank LTD, Habib bank LTD, National Bank. Allied Bank, Muslim Commercial bank. Bank al islami. First women bank, Khyber Bank. Bank of Punjab and many more are operating in a Muslim state. |
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We often earn money from youtube channel by showing ads from adsense and suppose if someone want to earn bitcoin by showing ads on their youtube videos then is there any alternative ad network which provide ads for youtube channel?
Youtube monetization is linked to adsense and there is currently no way to cash out the earnings to bitcoins. There is another way to earn bitcoins by youtube videos. You could provide an affiliate link to a casino or such website and earning referral earnings from it. This is what came to my mind too, you can put referral links to each of your videos or even in the description. It will be good if you will put some instructions for the viewers. And it will be a win-win situation for you, you earn for adsense from the ads of youtube and people can sign up through the referral link you will indicate. I like this idea of earning through youtube, referral is the best thing for this, you earn in two ways, I guess there were youtubers there who tried this way, putting their referral in every video on how to earn bitcoin. Many people are earning through youtube first my getting views on their channel and secondly using their referral links from the video which people signup after seeing videos. although i also want to make money using my facebook account, but in fact i have no such idea that what i have to do and how can i utilize my face book account to make bitcoin. hope very soon i woll learn about that and will start earning bitcoin using my facebook account. |
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I think that restaurants accepting bitcoin is a cool and great feature/idea because its fast and easy and also no one likes pulling out the cash
I think other payment option are much faster and instantaneous as compared to bitcoin.bitcoin is only investment asset.it is not that you can use in daily life or for micro payments. yes that is very right to say i think bitcoin is only good for macro payment and not for micro. for example if i want to recharge my mobile using bitcoin then i have to pay as double fee as compare to recharge payment. therrefore it is more expensvie for micro payment.s |
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Number of users will be always higher on gambling sites in compare to dating sites as only youngsters will prefer to visit dating site but when it comes to gambling any person above age of 18 will prefer to gamble and will spend time on gambling sites as everyone wants to make quick money which is possible only on gambling sites.
to me i thnk both are risky and having more chance to lose money. but if we compare the two then will certainly choose gambling, in gambling actually i have some experience and can really make some good profit there. |
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I encountered a lot of clothes site or online shop from Facebook but I cannot seen clothes shop who accepts bitcoin in exchange of their product. Moreover in this time I cannot use my bitcoin in exchange of any goods or products. Because bitcoin value now was still growing up and I think it's good for all users.
as i personally never purchase clothes online or using bitcoin, but i am sure that there must be so much shops who may be selling clothes and they may be accepting bitcoin as payment method. |
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With signatures the maximum you will earn monthly will be around 0,15 btc with high paying signature, soo isnt a low ammount but is hard to be and remain there as well find a free spot, trading is the easy and better way to make such income monthly, eth, doge, and almost all top traded coins at poloniex had raised a lot last months, and all days some coin is being pumped, if you lucky you will had invest into it.
in fact the signature campaign income is not such a good one to me i think one can earn money from signature campaign s enough for his pocket money, but if a person want to make such a good profit, then to me i think trading is th best option. from trading one can really make good profit that we cannot imaging from signature campaign. |
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I dont usually buy stuff on the internet using BTC but if there is a possibility then I would gladly buy some paintings or artworks for my house and office decorations. Even liked some handmade jewelries on this forum and will buy in the future.
although i am interested to spend money online, but in current situation as the price of bitcoin is expected to increase more and more thefore i am not gong to spend or invest bitcoin anywere. i am just going to hold bitcoin tell the time when bitcoin price will cross 3000 USD level. |
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Investing bitcoin can be very risky. If you have it will be better to move into your personal wallet. As in few months bitcoin rate increases but it also gradually decreases within a month. But according to current scenario this is the perfect time to invest bitcoin in some business as price of bitcoin will increase in the coming years.
Bitcoin is a great investment but right now it is not the time to buy but the time to sell or hold, if you bought at the end of the previous year or a the beginning of this year you will have tremendous profits already buying now does not guarantee you are going to get profits at all. Price of bitcoins is very high at a moment so it can be risky if you invest money in it now as there is no assurance that it will give you good profits in coming days as there is possibility that price can even go lower so if you want to buy bitcoins then better to wait for price to go down. I agree, currently its not wise to buy btc better to wait for the price to go down. if i had a good profit from btc i would like to use it to expand my business which is a gadget store, im planning to have an extension shop in a popular mall here but i think it takes a month or years to fulfill it so for now what i can do is to start planning ahead. The bitcoin price will go down a little then it will rise more.so it doesnt matter if you buy it now or later.it might even touch 2000$ in end of this year. in fact the price of bitcoin can take a little correction. therefore the price are expected to steptdown a little but after some time it will again start increasing be the price is expected to cross 3000 USD level at the end of 2017. |
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If you want to establish an online shop make sure that you have a good capital that need to start business. Also study first the business/online shop you want to establish, their weakness and their strength, how can you handle you the online competition? There's a lot of thing you need to consider especially if you choose to use the digital currency.
I agree since digital currency are fluctuating, you may end up at a loss when the price of digital currency goes down the moment the deal is finished with the buyer. Aside from that you also need a good web developer so that you got an attractive website. Do not disregard site security too. yes that can be right, but we must try to manage as there the trend of the people is no changing and they are now giving more preference to online shopping and investment, therfore bitcoin is more convenient for them to be use for online shopping. so i think online shop will be a good decision. |
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I dont sugest ico because the most of them will be just a dump before a pump, or something like those, i would invest into altcoins that are quite atractive to invest there is a risk but without risk no reward, soo you need to search the code and see if its worthing to invest or no.
Why not to suggest ICO's? we know that most of the people are into ICO's and on that way it is giving them more profit. And as you join those ICO's you will have chance to earn too. ICO's are working that way so you don't have to think about it will be dumped after the pump while there's a pump take the advantage on investing there. yes that is right one can really get good profit from ICOs as ICOs offers special discounts and some time give some extra coin in ICO therefore investing in ICOs is a good decision, but you must keep it in your mind that there are so many ICOs which are scam and that can take your money sway, therefore you need to be too much careful. |
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If you are not contented for what you can earn from faucets then Signature Campaign is the only best suggestion we can give to you, it is indeed that you can get good amount from joining on a certain campaign but you can only achieve that if you will patiently wait before you ranked up and start to practice yourself to make a post with an effort . After that you can start learning any other ways to earn .
yes no doubt that earning bitcoin from signature campaign is really a good way of earning money, but in fact those people who have some good assets they can also make good profit from trading, as one can also earn unlimited amount of money from trading. |
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The bitcoinfees,21,co website, and mostly everyone's brain, is broken.
Look at the graph on bitcoinfees.21.co, it's pretty clear to see that 120 satoshis per byte is what you need to pay, no different to last week. Or last month.
Still going to get the guy who is mad he can't send $100 BTC for 40 Satoshi per byte like a fool. This reminds me of the people who used to refuse to pay fee's, if you are so unwilling to pay to play go to a different coin. Suppose I agree to what you are saying which I am not actually but it is just a supposition if I agree that yes it is right to pay 420 satoshis/byte what positive impact will it have on my transaction? Or what facility are we going to accept after this much increase? |
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Holding now is the best option for me as I am looking to make some higher profits from it which is not possible by selling them at current price so I will prefer to hold them till the end of the year or even longer and will sell only when I am satisfied with the price.
yeah its good time to hold your bitcoin because bitcoin start to rising its price too much faster so its good idea to hold your bitcoin for the future and i am sure bitcoin bitcoin price will be double value in the future so its good option to hold your bitcoin. to me personally going to hold bitcoin and not to sell it tell the price of bitcoin cross 3000 USD level. and i am very confident that the price of bitcoin is going to cross that level in next few months, hope that at the end of 2017 bitcoin price will be trading above 3000 USD level and at that time i will be thinking about to sell my bitcoin or still to hold it if the price further go more and more high. I think the important is to sell the BTCs for a better price than you bought. Who holds for more time will surely make a higher profit, but the important is to have profit. To sell for $3000 is a good amount, but it will take some time yet until BTC hit this price, good for who is buying Bitcoins now to set as a goal $3000 price to sell the coins later. But if I were in a need for money, I would sell it even for $2200-$2500. Well yeah this is true. The important thing is to earn profit on the BTC that you have in your wallet. I guess it is a good idea to sell it if you have bought it on a cheap price. I think it is better to sell it after sometime and then invest in some other coins so that it keeps you active and alive. Only holding will not be a fun moment. |
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So it happens to almost everyone who trades altcoin, but how do you deal with it and keep yourself patient and motivated?
When your portfolio, the alts you own all or most of them take a big dump?
Is it very easy to panic and sell for loss, but do you actually keep hope and have the patience to wait?
Well before jumping in to the trading of the alts I had accepted that such things can happen to my investments or the portfolio so I have made myself ready for any loss. Everyone while coming to the trading comes with the aim to earn but to be calm you have to make your mind that in trading you can face situations and the same I was and it helped me to wait for the right time. |
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Investing in altcoins is the best way to increase your bitcoins as that is the most genuine way to multiply your bitcoins in quick time and if you can afford to take higher risk then you can try your luck in gambling.
Gambling is the way to lose your bitcoin not multiply it. Investing in altcoins is great but if you haven't done your research 100% then its no different from gambling too and a quick way to become a bagholder and lose all your bitcoin. I agree with you. Gambling is not intended to increase wealth. And investments in alternative coins can be successful provided that you are able to analyze the market. But it's very hard to do with a cryptocurrency to me i think still some people are getting good profit from gambling, in fact they have good experience about bitcoin, they know the tricks of gambling, and the most important is that they have good control over their nerve, which s the most important secret of their winning in gambling. Yes some people are earning a good profit from gambling and the reason is that they are in sports betting that is why they can earn with each bet while in other casino bets sometimes the gambler win and sometimes the gambler lose that is why I often suggest that gamble with only that money which you can afford for to get entertained. Well yes the sport betting is comparatively better than the casino gambling or betting because if you have a good understanding of the game you can earn a lot in it and it can be the easiest way to become rich and earn more. Also it is different from the traditional games of gambling. |
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