is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes, it's risky, so that I recommend to divide your funds like 80% into bitcoin, and the rest as your backup funds, just in case. As you said this funds just sits in the Bank and do nothing, so it's safe to put it into bitcoin, especially for long term. It's better to keep your funds in bitcoin than put it in bank with all of their interest. I'm sure bitcoin price will reach at least $8000 in the next year, so your funds will be doubled within a year. you just said that it is risky so why are you going to divide your funds with 80% on bitcoin? in my opinion that is still risky because bitcoins price is not stable in fact it is wild so 80% is too much. and i think people keep their money on banks is not mainly because of interest but because of they want this security. seriously if you're into interest then just go with investment e.g. bitcoin although invest an amount you can afford to lose. also theres no sure in speculations and predictions
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It can happen but i don't think we're even alive or some of us can't even have have the power to use gadgets when that time comes because the world and its people must be
ready first before changing something like this so don't even mention or expect you'll see it. The essential things needed for cryptocurrencies to replace our usual money isn't
present right now, for example advance technology, rich economy and technology literate people--at least should be near the total population
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To be honest if i have enough money to support my daily expenses, I wouldn't convert this much bitcoin although its not the case in reality because this has become my part time
job to support my studies so it can't be helped if i'm selling my bitcoins. Differenyt people have different reasons but i think most of us are doing it because we just simply need it
and the other reason i could think of is because of profit e.g. trading
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Bitcoin as a course or any related currency on web. In my country we have multiple courses in computer especially programing and web developments. My course is also information technology, but i've never heard or learn about online currency as bitcoin. In present, and future studies is there any chances for inserting about it in education. In your country is it available? It would be better for any country to adopt bitcoin in educating new generations. Instead of playing games and wasting money in surfing xxx sites.
Bitcoin is a very important essential and useful in college .Because it can help you gain and earn so much money to be used for your college.You will be needing less of your time and less of your effort. Stop the exaggeration. bitcoin is not that essential in college. there are way too many general courses in colleges that are not necessary to a certain course, honestly its better for them to stop adding subjects like that although in some courses bitcoin might be useful as like what they say it could be a technological breakthrough but its certainly not essential or necessary. Theres not much difference between bitcoin and our usual money, you can both use them to earn money and the time and effort depends on what you can do. thers certainly no side which overwhelms the other in terms of superiority. No easy money all jobs requires a dedicated effort and time.
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I do not intentionally spread information about bitcoin but it seems like the people around me inevitably asks where do i get my money these days so since its not much of a
bother. i introduce them to various niche in cryptocoins world particularly on bitcoin although to be honest not all of them lasts as most of them always says its too technical for
me. as of now i currently have 1 person who successfully exerted effort to be part of this community. Its really hard to spread knowledge about bitcoin as most people are not i
interested and lazy af
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the future of bitcoin is wide open, yes I guess so. with many countries really involved, now bitcoin has a better prospect, I think in a few years its value will be more fantastic
yes just like what you've said, its wide open, meaning it is open for many possibilities. i think all of them is has a 50-50 chance of coming true in the future. The longer the time the harder to predict so i assume when op said future, it must be after a few decades and that is something thats hard to predict, if someone made a statement about that it must be a guess or just what they believe. thats why asking a question like this is not functional at all. we should just support it now in the present so that it'll have a significant place in the future.
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Of course if anyone offers a job to me and the salary is Bitcoin, i will definitely accept the job. Obviously bitcoin can be sold to the local currency and we can enjoy the results of that job, like such as the other jobs which its salary is regular currency. And i think a bitcoin salary can give more profit if its value was high.
Then the same also applies when bitcoin is undervalued, you'll be receiving lower income than usual moreover bitcoins price is not high or on the rise everytime so you might wanna think it again sir. i think its better if all your part time jobs will be paid in bitcoin but not your regular job because stable income has its advantage particularly when dealing with your financial problems
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Should we make lot bitcointalk account and sell it if its worth to sell?? Thats good bussines hehe
Theres no rule here on forum that prohibits buying and selling of accounts so its technically possible and yah i think it'll be profitable as i have seen lots of people selling accounts here because the newbies actually thinks they can earn quickly without even knowing a single thing here, a lot of them got tagged in the past until now actually and i've seen high ranking accounts who doesn't even know the basic facts on bitcoin. thats the main reason why buying and selling of accounts here are highly discouraged so if you get tagged then sorry as sellers and buyers tends to spam a lot here.
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if you continue to trade, knowledge will naturally occur to you as you experience and overcome trading challenges so i think veteran traders who's been watching markets for so
long tends to have a high accuracy on predicting things therefore they are the ones closest to pro traders. thats why it will be great to have those people make guides and tips
although most people who claimed they are one tends to just create fuds and hypes moreover some people just follows them without understanding the context which is a rotten
part on this community, some are even asking me who to follow like its a mandatory thing.
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They are both strict on big amounts although i use both of them since some coins are only available on one side. i don't wanna choose since both of them have their own
advantage. what i like in poloniex is their 10sats withdrawal fee which is way more cheap compared to bittrex while their down side is their customer service is somewhat slow or
even difficult to reach. On bittrex i like their interface its not laggy on my cheap laptop and the verification is much faster compared to polo. i haven't experienced any problems
with bittrex so if i have to choose, i'll choose bittrex
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There is no way that anyone can compare Mining and trading. Mighty make it you that initial bit of money in the beginning that you could use for training but my name is never made money for anyone in the past year and trading has trading has the ability to make a lot of money very quickly and Mining has the ability to lose a lot of money for you over a long period of time.
uh what do you mean? of course you can compare them but they are not very alike, they are entirely different thing in fact. But you can lose or gain money on both of them so i don't agree on what you've said that trading is greater than mining as both of them stands out based on someones situation. for example if your country has a low electricity rate then you'll likely be earning decent profits.
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Just like what the trade means, a trader buy and sells a certain something to gain profit. in my case i am a cryptocoins trader. if you're trading stocks then it'll be much more easier to understand as they are really a like, its just that cryptocurrencies particularly altcoins are much volatile to compared to them. there are much more detailed articles all over the net which you can just search but i'll give you an overview of things.
1. you have to create a exchange account, my recommended site is bittrex 2. you have to transfer your bitcoins to your wallet on bittrex 3. plan out everything e.g. which coin to get, trading strategies etc. 4. start trading e.g. pick a coin, create a buy order
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With only 0.1 btc I think it will be very difficult to earn a good monthly income, however if you start with 0.1 btc you can grow it by day trading and investing until you have a nice amount of btc, then you can start to withdraw some earnings and you will have a nice monthly income if you are successful
Earning a monthly income is not that difficult. whats difficult is maintaining a high amount of income every month/week. if op meant an income like that then its easy because its regardless of the amount as long as you're getting an income. although i have a hunch that op wants a decent income as its a common sense because everybody wants that. i suggest to not aim receiving a steady income but aim for a minimum income. Follow what i quoted above and think what amount is suited for you.
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Hello All,
What you think is the best investment to gain steady income in btc without actively doing anything? So no trading/gambling/loaning etc.
Steady income more likely to be 'small & secure' than 'big & risky'.
Thanks, BR Oinas
If you want to have steady income you must find a nice job that has high salary. I think investment is one of the best way to gain steady income. However, it is too risky because we all know that the price of bitcoin is volatile so that there is a possibility that price of bitcoin is goes up and goes down. a steady income is when you are receiving a fixed amount of money every nth time regardless of its amount as long as its fixed every cycle. and sadly a high salary job nor an investment doesn't guarantee a steady income moreover investments has its ups and down usually you'll withdraw money after a few months or longer. if you guys really want a steady income you have to work at a strong company whether its offline or online as long as its a well established one theres a low chance of it getting bankrupt.
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To bring change in society its take decades to happen that changes into real. Cashless society will cause many problems in society and which can’t be handled. Still and still paper money will be needed.
yah it will take longer as the world and the people needs to change. they will just switch to cashless or electronic money to be more precise if it becomes a necessity? ii think it'll become one if all countries technology improves to the point where almost everyone owns a certain gadegt, almost all living needs depends on it and of course a world wide free internet. and in my opinion its too far from now. regarding criminal activities that op mentioned, for them to monitor our money, the coin needs to be centralized so maybe bitcoin is not an option anymore?
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The reason why Bitcoin is the number one cryptocurrency is pretty simple: It was the first one. This first mover advantage persists, because Bitcoin quickly established the biggest support both from users and from developers. Having the biggest user and developer base maintains a strong network effect, that tends to draw in more users and developers, because the system appears attractive and is well-established as a payment system.
For any altcoin to compete with Bitcoin, it would have to offer something revolutionary new and useful, that can't be implemented by Bitcoin. Today's altcoins are mainly a testing ground for new ideas, that will end up being added to Bitcoin if they are good, leaving the altcoins that first introduced them behind (a current example for could be rootstock vs. ethereum).
ya.ya.yo!
I agree. Being first is all that matters. It is the major breakthrough. It is the original idea. The second one is just adopting the idea. And since they adopted the original idea, the first one can control the second one and the others by manipulating them to increase their advantages towards them. That's why bitcoin is the king. It holds the most important idea of cryptocurrency which others partially adopted. This only my opinion about the topic. no, being first is not the fundamental part. if your invention has a huge potential but with many flaws it doesn't matter if you're first as it will most likely will dump. if you have searched for the history of bitcoin, you'll know that there were other various digital cash system before bitcoin and satoshi was inspired and adopted bitcoin from them. he didn't actually intend on creating a currency but just an electronic payment system at first but after many tries he arrived on a decentralized payment system. the fundamental part is your invention, what makes it unique from all.
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For me Loans are really too risky. Most of borrowers trying to not pay or cannot pay. I saw most of them are gamblers thats means most of them are losers. So loans are too risky and too profitable I think loan is not that risky because it what the borrower want to use the loan that matters. If the borrower is going to use the loan for a done deal, I guess loan collected in such case will yield a nice profit. No its too risky for both parties but in most cases the one who are giving loans are at a disadvantage. what do you mean by done deal because it doesn't matter how the borrower wants to do with his loan, it doesn't guarantee that he will pay back. if you want to minimize its risk you have to make collaterals a must for every borrower so that in case he didn't get to pay, you have something greater in return. And for the borrower, to make sure your collateral is safe have someone trusted to hold it for you e.g. escrow
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the answer is only one, because the development of increasingly sophisticated technology. in this modern age, even all the needs can be fulfilled with online shopping, and if the payment uses virtual currency too, then it will be more effective. I am sure, in the next few years, the world will use virtual currency as payment, the effects of technological developments.
you have a point but you there is a flaw in your example because you can technically pay virtually in online shops using master/visa cards, bank deposits etc. although a plus point for cryptocurrencies for its easy wallet set up unlike those cards and bank accounts but you need them to actually purchase bitcoins so can't help it. i'm still not sure if we need this but our situation now proves the continuous market failures that some might be solved by these cryptocurrencies but then a gain some part of me thinks that its not perfect so it'll certainly might cause for some problems to rise.
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For trading is not a educated guessing its a skill that is something that we all don't have, trading is easy to say but its not easy to become a good trader.
It is not about he education my mate if you are having the skills you will be able to increase your money and you will guide the people about the use of the bitcoin. The currency of the bitcoin will make the high place in the market and it will be very good for the people who are good at the skills of the trading the investing bitcoin is all about the time having so if you are patient enough to hold your bitcoin for the long time then it is good for us to invest in bitcoin. sorry, but i didn't get what you meant by that as you contradict things in your post because in the first place you won't get your skills if you haven't educating yourself about it And a skill is something to be harnessed so educating or gaining knowledge to be more precise is a permanent process. Even a natural born trading skilled person has to educate Himself, although i haven't seen or heard one.
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so much regret for me for example just when buying a high price and sell it at a low price and I once worked on the project but the payment is always pending and after paid the price fell this should be easy to solve. if the price fell when you got paid then just wait for it to rise again, look at the charts when it falls it comes back again and sometimes with a higher price. i say this a lot but stop selling at a price lower than your bought price. i think your source of mistake is you lack the knowledge and control of your emotions. there is no easy money you also have to invest time and effort not just your money. you just have to research, if you gain knowledge, you gain confidence in your decisions as you will based it on that.
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