After a month of hard work I have to pay quite a lot of things. I just got one about 200$ to invest in bitcoin. Should or should not. Please help me !  My recommendation is that you read the forum, reddit and some articles on the internet first before taking any decision, when we are talking about money you should always take the time to make a good decision, for many 200 dollars is not a lot of money but for some that is a whole month salary so take your time and do not take a rushed decision. although is not a lot of money, I think he can start right now and he can buy bitcoin now before the price is move higher than before. but he need to try the best he can so he can increase $200 to become bigger by doing many ways. I know one of my friend have the same amount like him and he only traded with one coin but he try hard and continue to trading and after 3 days later, he chat with me and said that his base money become bigger and now he have $900 and he is ready to make a lot of money. That makes sense and buying now seems like a good idea but if you do not have all the information it is better to wait, because if he buys now and then the price goes down there are big chances he is going to sell for a loss since he still does not understand the way the bitcoin market moves. |
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Yes and no, you can make money on forex but that is one of the most difficult markets to make money, since there are huge players there than can wipe you out very easily, so for most people the answer is no, only a few can make a living out of forex.
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For me, Bitcoin has many advantages, one advantage is it gives to the individual money to sustain the basic needs, It also reduce the increasing number of unemployed in some countries, The people who work in bitcoin develops the ability to reason out, enhanced the English proficiency, that's the some advantage of bitcoin.
The most important advantage of bitcoin is that it is truly ours, and no one can take that away from us, the money in your bank account even if it has your name on it is not yours, the bank can keep it forever if they want, or the government can steal it but the same does not happen with bitcoin. |
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Hi Hexah, I want to remain in the campaign when it resumes at December 1st so I'm going to keep my pm and signature.
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Mine away friend. BCH can be mined without worrying too much about the giants and whales of the cryptoworld.
We are not worrying about the giants or whales but we are feeling worried about those fraudsters that already buy a lot of the bitcoin cash at the low price and then try to spread a lot of bullshit about bitcoin to make the price of bitcoin cash increase. Yep. A lot of people might just lose some considerable amount of money. There is great possibility that BCH would just dump at any moment now. I get what @ICOtoINVEST is trying to say. He is saying that no need to buy BCH but rather than mine it then sell it which is much safer approach than losing money when it dumps. A lot of people have already lost money on bitcoin cash, it has also messed with the btc price quite a bit. I do not know how can anyone invest in bitcoin cash, if you want to profit from it just hold whatever amount you got during the fork but buying it is a losing proposition, the price of bitcoin now is above 10800 and it may hit 11000 dollar any moment why I would want to buy Bitcoin cash. |
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I am suprised to see that using Bitcoin is punisheable in some countries. I mean, if you know bitcoin is forbidden on your country, you just have to use VPN to buy and sell, there's no secret. The trend is more often the governments banning the cryptocurrency all around the world. In my country, the IRS have said that Bitcoin might be dangerous because it lacks of regulations.
The problems are the consequences of doing such a thing, are you willing to go to jail just to hold some Bitcoin, because many people are very brave when they do not face the consequences of their actions but many will lament doing an illegal thing once they are caught, so if bitcoin is illegal in your country then it may be a good idea to not hold it. |
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All right, with everything going on with bitcoin at the moment it seems that nobody is noticing that Litecoin reached $100!!!
This coin is also going really hard at the moment, and I think it will grow a lot more in 2018, what are your thoughts?
To be honest, I was surprised to see such a huge rise in the price of litecoin, this month has been great for litecoin and it seem things are going to get even better in the next months I think it is realistic to think litecoin could reach 200 dollars in the next year. |
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For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.
Im also a student but i save 60% of my allowance because i dont need to buy more things that i dont need. Now im graduating i have only 4days in a week in school i increase the percentage of my saving now its 70% . This is the right thing to do, many people have the habit of spending and that is a bad habit to have, they spend for every single reason, they spend because they are happy they spend because they are sad and the most important habit we need to develop is to save most of our income so we can use it when we need it the most. |
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I'm an american but located outside the US. I'm from a state in the US where most exchanges accept the state as its a very popular state. However, im not there at the moment and in another country.
I know when i first signed up with coinbase a while back, i put my us information and it was fine. I had connected a us bank account to it with no issue.
However, will i have issues registering or using sites such as
Bittrex
Gdax
Gemini
Because I"m outside the US? Also i believe many sites ask you your country of residence. Well if im in another country temporary, wouldn't that mean I still put US as my country of residence? Since any documentation i send them will be that? The other thing is i would be registering my account here outside the us. I assume no issue here?
I'm not sure since I'm not an American myself but the policies of the US government has made that many banks and institution around the world do not want to deal with US citizens even some icos are stating they do not accept US citizens so I would say that it is unlikely it is going to happen. |
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This has happened in several other Korean exchanges as well and this means that it is just a matter of time before bitcoin does the same thing in other exchanges, to be honest I thought we will not see that price until the end of the year and now it seems we are going to see that price before the end of this month. |
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The question now is.. would cryptocurrencies bring equality or inequality?
1% owe 50% of the wealth is the outcome of the fiat system where banks can create money out of nothing, lend it for interest and invest it in the stock or derivatives market. Furthermore if you work as a normal person with a normal salary the system takes a lot of taxes and fees from your work and it's nowadays very difficult to save money and the monthly income is just spent for living expenses. I think no system can bring equality, even not communism, but crypto currencies can of course help to make the distribution of the wealth more equal like it's today. Because if we exchange our services and products using crypto currencies, there is no system that robs us with income tax and fees, at least do we have the possibility to reduce those levy immensely when using private coin and not government controlled fantasy money. Communism is the worst system ever devised in theory it may seem like a good idea but it goes against everything we know, that is why capitalism is a superior form of economy but the issue is that we do not have true capitalism, the elites have devised a system where they are always on top. |
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Dear all, I just want inform everybody about an interesting (and simple) mathematical calculation I have done based upon the famous Pareto principle, which makes it possible to estimate how the 21 million bitcoins approximately will be distributed over the population in a future world dominated by bitcoin (i.e. everybody using it, which remains to be seen). Here are the results of my calculation: • Wealth level 0: On average 0.0007 bitcoins (held by 6 billion people = the average person) • Wealth level 1: On average 0.0028 bitcoins (held by 1.2 billion people) • Wealth level 2: On average 0.011 bitcoins (held by 240 million people) • Wealth level 3: On average 0.045 bitcoins (held by 48 million people) • Wealth level 4: On average 0.18 bitcoins (held by 9.6 million people) • Wealth level 5: On average 0.72 bitcoins (held by 1.92 million people) • Wealth level 6: On average 2.9 bitcoins (held by 384 000 people) • Wealth level 7: On average 11 bitcoins (held by 76 800 people) • Wealth level 8: On average 46 bitcoins (held by 15 360 people) • Wealth level 9: On average 184 bitcoins (held by 3 072 people) • Wealth level 10: On average 734 bitcoins (held by 614 people) Wealth level 10 turns out to approximately correspond to being a dollar billionaire in today's money! If you want to know the details of how I calculated these results, please read my article at: https://steemit.com/bitcoin/@mandrake7/calculating-the-number-of-bitcoins-required-to-reach-a-given-wealth-level-in-a-future-world-dominated-by-bitcoinand give me an upvote if you liked it  Please do not see this post as investment advice, you are yourself responsible for your investment decisions. A very interesting thought experiment, while it is obvious that not all the people of the world will use bitcoin this still give to us a very interesting view of how much our lives can be changed if we just hold a few bitcoins, I do not have a lot of bitcoin but looking at your wealth levels I will be in a good shape in the future. |
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I feel like most people are already starting to get smarter regarding ICO scams and shady projects. Of course this only happened after a lost of money was lost, but better now than a few years down the road when the crypto market cap is going to be much bigger.
The bubble is already decreasing in size!
Sometimes we need to get burn in order to get our lesson, I never invested in icos and I'm not going to but there are many stories around the forum of people getting scammed and losing money, and the issue is that they not only lost their bitcoin they have lost forever the possible profits they could get out of their bitcoin holdings. |
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As the value of BTC has increased almost 10 fold, do we expect the fees to come down? The charge for small transactions are very high right now.
That is the way most of us thought things should be but an higher price also means an higher demand and since the space in each block is limited then that means that the price of the fees will go up as well, something has been done with the activation of segwit but it is still not enough. |
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Hello i have recently bought some bitcoin and litecoin and was wandering what wallet or method is the best to store it in. (From the UK if that helps)
Thanks.
If the amount you bought is big enough then the best wallets are hardware wallets, those are very secure and practical, now if you do not want to spend money in a hardware wallet there are many other options but which one is the best depends entirely on you needs, there are paper wallets, online wallets, wallets in cold storage and more. |
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If you are not going to hold your bitcoins for a long term, then what the hell are you doing here? It is the same as saying that you are going to buy gold to just hold for two months, and knowing that the spread is more than 5% you still want to continue.
it is almost the same, why would you want to join bitcoin and then leave? it is ridiculous, and everybody who joins in here and only invest for a few days to make $100 or $300 are just the coward ones, because there is no reason to just join to make a quick profit and leave.
I do not understand how does all this kind of people are still able to invest in bitcoin, they must come back to their shitty bank investments and invest in those "safe fund's pool" who are giving out 3% a year plus taxes.
This has to do with the expectations of people, they think that they can make a lot of money with bitcoin in the short term and while that is correct, you can also lose a lot if you happen to invest at one of the peaks and then there is a correction that is why a lot of people prefer to invest for the long term to avoid those losses. |
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Looking for crowdsourced sentiment to get an idea where Bitcoin (BTC) may end up by year’s end.
It seems to me we all think bitcoin is going to end the year with a good note and it is going to surpass any previous all time high and it may seem like it could even surpass 10k before the end of the year but even if it does not it could do that at the beginning of the next year. |
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How it is that work? Very interesting but is it real? Bitcoins nowadays are very much in demand due to its high price and until now its still continue to get higher. So for me all I can say is be careful in investing for bitcoins, we must see to it that the company we investing in has a good reputation and when it comes to HYIP maybe we must invest only those amount we feel its ok to loose.
Nope it is not real, just use your common sense, if it was real it will be a lot more easy to ask for funding to his family or to ask for a loan in a bank or to max out his credit cards and then make all the money he wants, so this is a very obvious scam. |
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Well, all these past bubbles have done is prove to people that even after a crash, Bitcoin still has the backing and trust to move back upwards.
The most important bubble was the one after Mt. Gox went down, Bitcoin's value completely crashed and it stayed that way for a couple of months, even more than a year, if I remember correctly.
Prices were constantly hovering around 300 dollars, the huge volatility was also pretty much non-existent for a while.
People who saw that and the subsequent price increase after that must have gained a substantial amount of trust for Bitcoin after that ordeal.
The crashes we've seen this year are peanuts, they barely last a couple of days and are followed by new ATH's.
Which proves that bitcoin in itself is not a bubble there are bubbles in bitcoin but bitcoin is not a bubble because if it was bitcoin will have been destroyed already, if bitcoin did not die with the Mt Gox crash then nothing is going to kill bitcoin. |
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Yeah that all makes perfect sense to me. Hypothetically speaking, let's say you won 100 btc from let's say a sports gambling website? In the UK, winnings from the lottery or sports gambling is tax free, How would that work? Would that be considered winnings or an investment? Because I did find out that you have to pay capital gains tax in the UK if you do hold on to bitcoins and then decide to sell for a profit..but I then I thought, what if you won your btc's and then sold them? I'm not an expert but I suppose that your earnings will be considered to come from gambling but if the price of bitcoin changes lets say from 8500 to 9000 before you cashed out you will need to pay capital gains from that 500 dollar difference between the price at which you got your bitcoin and at the price you sold. |
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