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?
Not yet. Never been scammed. In every site or online business I enter I always make sure that this is reliable and legit. And worthy to give your trust. I always checked the feedback, reviews and even the informatiin about it for me to avoid being scam. If there is an evidence, I want a proven statement for safe and security also. This is really good because no one use to earn money to lose it and get scammed, so it’s better to be careful and avoid lose of money. Having good research for bitcoin is good if you will search about bitcoin at any site you will surely have a lot of information and knowledge. Bitcoin has a lot of wallet and if you will use bitcoin wallets for being safe then it will not give you any scamming. |
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Bitcoin is not a crime, but it is not decentralized as you can see bitcoin in my country is not that legalized but its not a crime. as also as bitcoin is not gambling. Gambling is not a sin. Some other say that bitcoin is not legal in the bangladesh. Its a bad news. as long as we dont harm any people. I see bitcoin has many advantage rather than its disadvantage. It has many benefits.
Why is it good mate I mean if in some countries bitcoin adopting will get down then it will affect bitcoin in our country as well? For me bitcoin is not a crime because a lot of things are being happened around us that are highly crimped but people are not blaming it but the innocent bitcoin only, it is good to have bitcoin with you and invest in bitcoin as much as you can invest right now. |
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Here in our country or should i say in philippines, the most popular wallet that almost all filipinos that belongs in bitcoin community is coins.ph. never have i encountered problem with my wallet and it is very easy to use and i always have a smooth transactions all the time. And they also have cashback percentage with all my transactions.
Sure it must be good but I did not have any kindda experience with zebpay till now but I am sure it must be good because bitcoin always bring something good and something best for users, bitcoin has a lot of wallets and I know best among them is block chain because it is easy to use and safe as well. In bitcoin the only thing people use to remain worry about is safety and bitcoin is proved about it. |
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BTC made some big dips and peaks in 2017, so in 2018, hopefully the value would continue to rise despite of the dips that'll happen. Dips are still important since others use that opportunity to buy the coin on a lower price, and wait again for it to peak further. I myself might consider buying if the dip is big, and the price is right, then invest for the next years to come.
Fair enough and almost all people are saying this bitcoin will reach high and will break all the records in bitcoin this year, no doubt right now bitcoin price is fair and it is still very high but as much as bitcoin users are increasing. People like to invest and get in crypto currency. It is not sure about bitcoin that how much high this time it will go but it will go and 2018 is gonna make bitcoin rock the crypto market. |
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Integrating a business to bitcoin is a both success and innovation in an owners perspective. I have owned a business but still I'm not doing it yet since most of my customers aren't into technology but if someone talks to me if I'd be willing to accept their payment in bitcoin then I would love to do it. This also shows that the business owner is a bitcoin supporter and he wants to spread the good news to other people.
What is you business mate? Why will accept bitcoin as payment in the high volatile of bitcoin? I think business in bitcoin will have good future but it depend on how we manage it. Well it is not just using bitcoin for payment and using it as a business but in several ways we can use bitcoin to have it as business, it is not hard to buy bitcoin and it is more easy of you are skilled so it is good to buy bitcoin and save to for long time so that you will use bitcoin as bitcoin saving and selling business means investing in bitcoin and holding for long time will also a good business. |
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Generally, government is all for a country.Because, government is elected by people. In my country, govt don't legalize Bitcoin.If govt knows about Bitcoin properly and also knows it's advantages,I think that govt will legalize Bitcoin in my country.
I am sure the reason why they ban bitcoin in your country is because of the reason that bitcoin is a decentralized currency and there is no way the government can regulate it. Well I think it is good if bitcoin is decentralized because bitcoin can increase and decrease in price any time and no one knows that what will happen in future. If government will know about bitcoin then surely it is good, there is nothing to think about it. If government will make bitcoin as legal currency even then bitcoin will be high and if government is not aware of bitcoin then bitcoin is high in price. |
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The next coin after bitcoin according to me would be Ethereum. After bitcoin, it is the most promisable investment at present. Since its origin in 2016, the digital currency has grown by over 1,100%. And its growth has been accelerating ever since.
Also, Ethereum blockchain the best network to support any business or program. It has also been accepted by big companies like Microsoft, Intel, JP Morgan etc. Another fact which makes it a strong crypto is that it is being incorporated by many financial institutions. Bank of America is the first financial institution to work with the Ethereum blockchain. So the coin has a lot of potential and will look the best on my portfolio after Bitcoin.
Well it is your observation but according to my observation no coin can beat bitcoin right now. If we take a look of bitcoin performance we will know that fast bitcoin has grown now and no currency has that much good history. At very start bitcoin price was not high and at that time many people tried to replace bitcoin but it is not possible right now for its big demand and increasing numbers of investors. |
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I think maybe not for now .... or if 15 to 20 years later bitcoin could replace the system in dollars and become a legitimate payment currency
No it will not take that long because now bitcoin is very big thing and it can do anything, 50% of people in my country are using bitcoin and they are investing and making large shopping with bitcoin right now so how can we say that bitcoin cannot replace dollar. For me bitcoin is better than anything and if we will make bitcoin legal than surely bitcoin will take higher place than dollar and another currency. |
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I don't advice you to quit your job due to bitcoin can't be forever i mean there will be times where bitcoin will be low and the only thing that can sustain our daily needs is a job.
Right it is better to plane before you jump into other job. Now I hold bitcoin and my job as well because I know if one I lose my job I will never get it again and crypto currency is being a part of my daily life but not everything. It is good to leave your job but only if you are having best alternative for it and if you will do it then you can leave but I would like to say its better if you have both at same time. |
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When is the best time to buy bitcoin and when do you think is the best time to sell?
I think its a great time to buy now but when is a good time to sell (if you have any idea please share)
Yes you are right! The best time to buy is now, there are coming good news about bitcoin. I read some news that there is an ATH coming in the end of this month. The best time to sell is how long that time takes from buying. Every time is right time for bitcoin because we can buy bitcoin at any time and it will give us benefit and will increase our money. sometimes people use to sell bitcoin for profit and they get lose it happens when people sell at early of bitcoin holding, it means if you buy bitcoin n today then you will have to wait for long time and then sell when you see bitcoin price at high stage and life will be pretty relaxed with it. |
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I'm also thinking its possible, but still thinking it may not be really necessary because with the way we are using bitcoin presently I don't think bitcoin really need a bank i would have only suggested it have an ATM machine and card respectively since bitcoin wallets is safe enough.
I think it is an opportunity to have bitcoin as decentralized and bitcoin will never stop growing because price of bitcoin is increasing more and will not stop increasing ever. In this case we can say that it is not hard to have bitcoin bank trust of people I high on bitcoin than on bank and it is not bad at all, bitcoin is giving more profit than banks and bitcoin has wallets so I think it will not lose value if bitcoin banks will not be invented. |
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My friends never try it before....
But they say you can convert your bitcoin to the currency you need and you can use it for shopping.... Even online
that's true because bitcoin can be redeemed into any currency. so bitcoin is very helpful Not only source of shopping but bitcoin has made life easy and now people are taking good benefit from bitcoin through online shopping. It has made all easy now we can buy everything we like just with simple click and for it we will not have to go out and suffer in rush shopping malls. It is said to be as saving in this age but in future bitcoin will have lots of more features, for paying bills and all kind of shopping will be done with bitcoin only. |
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Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...
What's your take on this, should I go ahead and quit?
Thanks
The problem is if you have an enough saving to provide your daily need and your family's daily needs. And if you also have a money to invest in bitcoin, why not? Grab the opportunity. Right and it is not good to lose some permanent source of income like if earning is only priority in life then is good to earn more by not leaving your job but using both at same time. Trading is good and it can make us earn high amount of money in very short time but it is risky and if we will take risk for right now then tomorrow we will cry for money because after investing in bitcoin you will be able to stay at home without doing any job but if you will carry your job with bitcoin trading it is more than best for you. |
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You should buy Bitcoin please. It's profit levels are huge
Right and it is going to give us profit with short time and it will make you rich at high level as high it is having price. Right now investing will cause huge income in your monthly payment and saving as well. I hope this will not make you damage and cause you risk. Investing of bitcoin will buy me lots of things and savings as money is most important thing in this time. So you should buy bitcoin right now and it will give you benefit. |
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It was 2016, When i first heard about it was like 1200$-1400$. I was very new in this bitcoin on that time. and i earn some satoshi from faucet.
It was best opportunity for you to buy bitcoin and get into crypto currency because at that bitcoin was not very expensive and it was totally affordable so if at that time you have bought bitcoin you are lucky mate. When I know about bitcoin at that time bitcoin price was not very high but for me it was hard to buy,. I get to know about bitcoin at start of 2017 and bitcoin price was $4k at that time so it is main reason I was not affording. |
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I think the easiest way to grow our bitcoin is by trading, many members here prove that by trading they can grow bitcoin faster up to 10x in a week, although it looks profitable, but trading is also high risk, we must be prepared if the loss.
I am not agree with you because trading is good but now trading am having a lot of risk and it will put all of your money in trouble so it is good to think twice before you invest in bitcoin and putting all of your money in bitcoin trading. I would like to suggest you have bitcoin but from investing and saving investing have small risk and large benefit in it, if once you invest then holding of bitcoin will give you sure benefit. |
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100 years is a very long time, a lot of things are totally changed and we never expected if it is 100 years old and for bitcoin I expect it will be difficult to last up to 100 years.
Well price of bitcoin will be more than this till end of year and will get higher for sure. Now bitcoin demand is very high and people are trusting bitcoin so if it is right now how it will be after 100 years. In very start of bitcoin it was not trust worthy but now people use to love bitcoin and they are ready to invest in bitcoin as much as they can invest and save their future with bitcoin help right now. |
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If for example eth on an exchange is measured in btc and btc goes to zero isnt eth then zero as well?
If that's gonna happen, if btc will be goes to zero value. It means a failure in the cryptocurrency system. But if you had seen BTC value on the market, it's far from getting zero. It's a lot more to be a promising coins. Don’t worry mate that day will never come because bitcoin is increasing in price and demand so these days are best for bitcoin right now. Even people who were not in favor of bitcoin are now investing and taking bitcoin as saving and investing at this stage to have better future you will have to know bitcoin and invest in bitcoin. So for me bitcoin is not going to have minimum value right now. |
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I've made a transaction of 33 dollars worth of BTC 14 days ago as of now with an abominable fee of 12 dollars and still no one confirmation! Preposterous! How long should I wait?
Aw that sucks, it was just a small amount but still didn't get even at least one confirmation? But I think your fee is enough, so maybe just wait for another time or days or add some fee if you have spare amount if coins. I didn't experience this kind things even I used to pay small fees No, not one! Add some fee? Ha, fee was 1/3 from the actual amount which is just plain ridiculous!  This is not true bitcoin has fast and safe conformation now. It is fast as compare to other currency conformation and transaction. In old days bitcoin was not communed among people and they were not having any bitcoin fast conformation and I have bitcoin today and I know it s having fair and fast transaction to conformation. You can get free conformation but for it you will have to wait a lot. |
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There are so many investment program existing out there and i want to here the pulse of the people where they would prefer to invest and why. so other people here may knew that they can earn in different forms and different ways in online world.
Types of investments
1. Gambling - Chances to earn big in just an hour
2. Tradings - Need proper learnings and monitoring tp avoid lose.
3. Hyips - Ponzi Scheme And risky
4. Crownfunding - earn by gh and ph.
Which do you prefered investment above do you see you can earn and why.
I will choose to invest with trading... Trading is the one I really sacrificing had to learn a lot. It is because it gaves me more income and it is really profitable and it is 100% giving me trust to be wait. Trading can make earn high profit in very short time but sometimes it can make all your money down I hope this is thing will take bitcoin high and will make you high amount of money. it is being good to have bitcoin as an investment and as safe income but only if you are lucky enough to have it if you are having experience then it is very good and will make you rich in short time so just trade but with care and on right time. |
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