4000$ is very much & will take it long to be happen. Bitcoin is increasing its value fastly but foor many scam,hacking etc are reducing its value.So, it will take long time to reach 4000$. May be 5 or 10 year's even more. I don't think we will see bitcoin at 4000$ cause bitcoin facing many problems of every step.so, it's quite hard to reach 4000$ but it is not impossible.
Yeah its not impossible for bitcoin to reach there but definitely it will take long time and till it reaches there it will have to go through many ups and downs and need to prove its potential by answering its critics in a positive way. |
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I wouldn't go full time on bitcoin but surely I would spend a lot of my time with it.
Yes definitely I wold do the same thing. I would not quit my job as it gives me the assurance of having money to finance our daily needs. But, like what you have said, I will use all my extra time to earn more bitcoins as it will gives me additional income. It is hard to give up just like that your job. You could do it if you already have a huge amount of bitcoin in your wallet. yeah right what you say I think although earnings remain bitcoin more but I think you also need a real job that gives you real income or directly anyway. I would not go out of my job. but I will use my bitcoin as extra income. it was very beneficial for me Majority of people will follow the same, as if you have a good job paying you a good amount of salary then there is no point in quitting it for bitcoins, smart way is to earn from both of them. |
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Unless there is a problem with bitcoin in some way then I don't see how it could reach $1. If however someone offered to sell bitcoin to me for $1 I would buy as many as I can and invest them.
but to me if the price of bitcoin dropped to 1$ then there must be some thing seriously wrong to bitcoin therefore i will not be welling to buy bitcoin in such situation, to me if bitcoin really fell down to 1$ then it will be consider as dead and no one will taking interest in bitcoin anymore. Yeah most of the users will prefer to stay away from it and will prefer to see how bitcoin reacts after that massive fall, if it again starts to rise then only it will be wise to invest in it. And that is why you/most will never make serious money in crypto. The time to buy is when there is blood on the streets, when others are fearful etc etc. If people have already lost huge sum in bitcoins after falling to that price then I don't think they will be in position to invest some more money in bitcoins at that stage. |
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probably I will choose both of them. even I have bitcoins, I still need banks. I can save my money safely on bitcoin, but when I need money to buy stuff, I will convert my bitcoin to fiat because there aren't many shops accepting bitcoin here.
Yes and we need banks as we don't have direct places to spend our bitcoin so we need to convert it to fiat and transfer it to our banks accounts, so banks are mandatory at a moment. Banks are the strongest financial institutions we have and bitcoin is too small in compare to banks, and once your bitcoin are stolen then its gone forever, but if the same happens with banks then they will support you in recovering your money. |
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Well, i think mostly younger people use it. Also every citizen use it. Even we agree on it, many people don't know about bitcoin, but still in every country's people use it, mostly we are using it in online shopping, purchasing and selling anything. Actually for me, bitcoin is a easy way to transfer amount in any where and also paying bills.
Yes I think people from almost all countries are aware about it and small proportion of every country is using it, but not everyone is aware about and that is the major issue, just imagine the scenario when even 1/3rd of the population starts using it. |
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Do you use bitcoin as currency? Or you use bitcoin as investment? Or both? I use bitcoin as currency and i never sell my bitcoin, but i prefer to use bitcoin when price is rising  So, how about you? Both of them, like 65.6% of others here. But every time I spend my coins I know that a year from now I would be able to buy more with the same amount. The thing is you need to buy things to live and if you don't have enough fiat you use Bitcoins. What else can you do? I think bitcoin is not good enough and the support to be used as currency or payment method for this time? I think although there are some stores that accept bitcoin but that only a small fraction? we need the ease of transacting. maybe I will be using bitcoin as a currency. when bitcoin accepted by many customers Yeah and I think it will take long time for that to happen, as bitcoin is not too popular in many countries and it is not accepted everywhere at a moment, but in future things will change. |
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If I have 10 btc then I will open a coffee shop with it and will also accept payment in bitcoins, that will eventually help people to get aware about bitcoins.
to me that is a good decision, through this people will get awareness about bitcoin they will also invest their money in bitcoin through this way the bitcoin users will increase and thus your fee business will also become profitable, i my self going to invest bitcoin in opening a currency exchange in our local area where i will also accept and exchange of bitcoin. That's great and as an existing users of bitcoin I think we should take initiative in spreading bitcoin to the people around us which will surely contribute to the higher adoption level. |
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Both have their uses. I prefer more crypto because I and only I am in charge of all of my money. Whenever I like I can make a very large transfer without giving account to anyone. Its not the same when you go to the bank and they ask you all sort of things if you wanna move a large sum of money internationally or even locally sometimes. I cannot live my life without crypto that for sure but also without USD which is my currency. Crypto is better as is anonymous and it makes your life much easier.
I agree with you that crypto is better as we can gamble and watch porn anonymously , industries which are flourishing nowadays and some even say exploding. Its no wonder 60 % of the GDP of the US comes from the red light industry. I use bitcoin for anonymous activities like the ones described above but fiat is also need for everyday spendings. I also keep the majority of my money in bitcoins for better security. Yup we need both at a moment and cannot simply depend on only one for living, as bitcoin is the best when it comes to online world, but in real world fiat is still an important part of our lives. |
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Bitcoin will never disappear, it will survive for long time, it might loose its value in future but it will never die for sure, its still in its younger age we need to have patience.
I know and we know all members here hoping and believing that Bitcoins will reach 1000$ this year, the higher demand of community here is the higher price of bitcoin could possibly happen, If that happens our patience of long waiting will result in good encashment. Cheers!! or me bitcoin will need some time to get the numbers 100USD. it was quite difficult because of the current price movements are not too fast bitcoin Even halving since the majority of bitcoin prices have decreased. Price dropped because of bitfinex hack, but I think you didn't notice that it also started to recover very soon, and I don't think that it will go back to $100 from here. |
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There are several crypto projects that are basically startups. I recommend you to look at the best currencies on the coinmarketcap website, then follow the team and development of the coins to see if it is worth investing.
yeah I think there are a lot of cryptocurrency that have the potential to have a high price. You must be keen in choosing crypto currency. This is a good investment for you dude Investing in altcoin is the best thing to do, but make sure that you choose a right coin and altcoin market involves huge pumps and dumps so we need to take decision at the right time. I want to do this but still I dont know what altcoin it is to trust. I see ETC is really growing and its background from ETH became successful. I dont really know if I am a little picky or just being too much cautious with what to invest in. If you have plan to invest in ETC then I think this is the right time for you to invest in it, as it is expected that price will rise in coming days, so you will be making good profits in quick time. |
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i am not thinking that price will reach 4000$ but i think i will reach atleast 2000$ . since no one can accurately say that what price will be but in my openion the price will be above of 2000$.
4000 dollars will definitely be reached in like 2 years or so, bitcoin is going to grow at a very rapid pace because of a really fast adoption i think two year is very short time for bitcoin price reach to 4000$ , i think it will take too long time like 4 or 5 years that bitcoin price will be reach to 4000$ because bitcoin recent price is 565$. Yeah don't expect $4k price before next 5 years as its never gonna happen and we all know that how long its taking even to touch the price of $1k and I think it will not even touch this price in next halving in 2020. If the bitcoin block size is increased, more people will use it. if the number of users doubled, the price will be $2500. $2500 price is not possible in next 3 years as price is below $600 now and it will take long time even to touch the price of $1k so $2500 is impossible in next few years. If the user number of the bitcoin doubles in the next three years, the price of the bitcoin will quadruple. So the price will be $2500. That's some fuzzy math. How do you even figure that? If you were saying the number of bitcoins stays constant and demand doubles, price would only double. So how do you figure that twice as many users equals 4x the price, while supply is increasing? Doesn't make sense. I don't also know how he arrived that amount, but regardless I will not think that big amount will be easily reach in a short period of time. Bitcoin has its ups and downs so that is too ambitious, although I think there is an increase but for sure not that big. It would be more satisfactory to see the price of $1k in coming months instead of hoping too high from it and $4k is never possible to achieve in such small duration. |
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Save money is always better than investing in risky ways, or ponzi schemes. But if the investment is safe and long term it's also useful.
I think the investment is not just about Ponzi schemes and hyip still many investments that have less risk. yeah I know most of the current investment is a ponzi. so that people think about investing is always risky. whereas there are many kinds of investment And I would really not consider ponzi schemers and hyip as investment because it is not. That is a complete scam designed to take the money of the people who are desperate to make money and resulted to being fooled by the operator of such. Investing in bitcoin is a clear investment I can say because it is legit and it can give us the possibility to earn in the future. We should always be warned about ponzi. They are scams and should always be avoided. Number one rule in choosing an investment, if it is too good to be true, it is. There are a lot of investments out there. We should not limit ourselves on online ponzi and scams. We should look for authentic investment that provide a sure roi. How will you come to know that whether this site is authentic or legit or not? In beginning every one will promise you good returns but in long run there is no guarantee that they will follow their promises. some of the scams are very obvious from the very beginning, and others try to look as legit as possible by acting normal. if you purely look at the latter option, then it's very difficult to figure out. the only thing you can do is to avoid investing your coins into anything. just stick to trading on reputable and respected exchanges, and you'll be fine. Bitfinex was a trusted exchange, but they still messed up big time. But in general, yes, trading is the better (if not the best) option when it comes to making profit. Trust in exchanges was already quite low, but due to the hack of Bitfinex the trust has reached an all time low. Very sad. there is always a certain risk involved as trading requires you to deposit your coins on a certain platform, where after the deposit the exchange in question is the one controlling your coins. that's why it's extremly important to withdraw your coins after you are done with trading. but then again, if you want no risk at all, then just keep holding your coins. it's the safest way. That's true but I think we can afford to take certain level of risk as you said that we should keep on withdrawing our profits on regular basis and only deposit when we prefer to trade and that will reduce risk for sure. |
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Since i used and earning bitcoin, it has given me a lot of positive things, now i have some investment and i can earn some money to help my daily needs and i am so exciting to be able to earn money from bitcoin
Exactly, bitcoin has given an opportunity to earn extra money from it and it is taking care of our expenses and also of families, bitcoin is a lifeline for most of the users who were struggling with their professional lives. |
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Everytime i spend my bitcoins on real life, i must exchange my bitcoin into fiat first. Because there is no shop that accept bitcoin in my country, only some online shops that accept it.
Yes that is the issue everywhere that you don't find direct place to spend your bitcoin and you have to convert it to fiat first and then spend. |
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People here who are good in trading are making a decent amount of money doing day trading, I don't know how they did it but they are good in predicting how the market will react and that makes them rich I guess, but for me, I am just making money from doing online job but I dream to be a good trader as well.
for me trading is about reading the situation and luckyness,even you're really smart or skilled on reading situation or atleast get the latest information about the thing you want to trade,without luckyness you will end up busting your money,so the first factor is luckyness i do say and 2nd is people's opinion because it could affect the current trends whether it's buying or selling Luck should be the last option. Knowledge is priority. Know the trend. Who is buying? Are those big people that will or cheap ones. Look if it is really supported. When you base it on luck then dont trade it will just make you broke like you said. That's true you cannot rely only on luck to make profits and if you does then there will be no difference in gambling and trading, trading is good for those who holds good knowledge of it. |
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for now I'm using it as an currency to buy some extras on the internet because I dont know where to invest it and I dont have any trading skills at this moment . hoping this year that I can use bitcoin as an investment so that I can have extra money to use in real life. Lol I think if you do not know where to invest bitcoin and how much you want to invest I think you just need to hold the course in your bitcoin wallet and wait for prices to rise. you have to have is patience I'm sure you will benefit from this investment? why do not you try it? Yeah if one doesn't have knowledge of trading and investment then the best thing is to hold them for future, no doubt holding will not grow your coins but if price goes higher in future you can earn good profits from it. Yes, for a newbie who are new to bitcoin I think holding a great way to do. Because if they have long known bitcoin, then later they will also know about trading. Due trading requires knowledge and experience about the market analysis. hehe But it is also going to be a good thing if a newbie is going to know how to use his bitcoin for real life as a currency for sure he is going to be encourage if he ever manage to use it as a currency. And of course at the same time it is also better if he is going to hold some of the portion of his bitcoin so that he can have his own investment. There is no complexity in using it as a currency, they can use it wherever they want, but as a newbie they might not be aware that which is the right place to invest their coins. Most people that get into bitcoin, do so because they think it will increase in value in the future. Most people treat Bitcoin as an investment and not as an actual currency, and that is ok. People should be free to do so. Until the usage is more mainstream and people get paid in Bitcoin, it doesn't make much sense to pay with Bitcoin for most of the stuff out there when fiat is enough. Sometimes it is very useful for certain services, but most of the everyday stuff can be paid in fiat. Yeah and I think people are more comfortable in using fiat and cards for buying things as they are used to it and it involves less time whereas in bitcoin you need to wait for confirmations. |
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I think investing all 21 btc in trading can be risky, its better to invest only half of it and rest should be kept safe for future as you never know what will be the end result in trading.
I think using 10.5 BTC to trading is a large number. Yes, with a large capital profit trading is also getting nice but with it the risk of trading also higher. Because if you experience a loss, the loss is also doubled. Better to use only a few percent only. hehe That's the right thing to do, invest some and save more for the future and if I have 21 btc then I would prefer to invest only 2 btc in trading, and if my luck favors me then I can make good profits even with 2 btc. 2 BTC is a great quantity to invest with for a small investor. You could have turned 2 BTC into almost 30 BTC if you bought ETC when it was cheap. Pretty crazy. ETC will pump again and right now its cheap, but it will take some time, it's still a good investment/alt to hold. Yeah ETC has given some really high profits to people who invested in it at the right time when price was lower, and people are more attracted toward altcoin in compare to bitcoin at a moment. |
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In 20 years, I think 30 BTC may be enough for retirement, if the currency continue with a good level of appreciation and adoption, of course.
I think we could not predict the future, so probably 30 BTC might not be enough.. It is better to have plenty...Bitcoin I think should not be our only retirement fund, there should always be other alternatives just in case bitcoin fails, but one thing is for sure, fiat would not fail, and other investments in real life like real estates... If you have a plan to get retired only on bitcoins then its always better to have more coins in you wallet, as we don't know what value it will hold in future, either it will be higher or too low, so playing safe is the best thing we can do. I think saving like 10 BTC per year is already a good saving plan, if you make it at least 10 years of consistent savings and you would consider that for your early retirement, that 10 BTC could turn into a big amount of money if you bitcoin will continue to progress. Yes and I think 10 btc is not too difficult to earn if you can manage to earn from different sources and if you cannot manage to earn that then you should at least have target of 100 btc. |
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to me the present time is the best time for buying bitcoin, because the price of bitcoin in present time is very very low and hope that it will increase very soon, it is also expected that in next some month the price of bitcoin will reach to its maximum high price,
The right time to buy bitcoin is always now. It does not matter what the price is, if you are planning to invest on bitcoin, then it is a good buy. In 5 or less years you investment will double in value. Yup if you are a long term holder then any price is a good price to buy, as price will surely go higher so I think this the best time to buy some coins. |
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Investing is a good idea if you have capital available, a good planning and there is a promising opportunity.
That is why you need to save money first. Investment requires capital. If you are not rich, you have to work hard first, save a portion of your salary and if you have enough savings, invest some of it. You do not have to invest everything in your savings account. Only a portion of it because you might need money someday. Yes saving should be our primary concern as not all time our investments will work, sometimes it may also go in a wrong direction, and once you have saved descent amount you can afford to invest some of it in future. Yes first of all for the investement a good amount is required to generate some profit from your investement.And if you dont have that then the first priority should be saving them.First save them and do it until a good amount is collected and then plan to invest them and also at the same time keep on saving more and keep investing them later to generate more profit from them. You need to go with both of them to have a good balance in life, saving will help you at the time of emergencies and investment will multiply your wealth in long run. |
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