Most of people spend their bitcoin when they need or in case of emergency. Bitcoin is a source of holding more we hold more we earn .
I my self hold my all bitcoins and spend them when i feel something i need really important and urgent. Half of people exchange it with cash because there's only few sites on internet who offer bitcoin as payment method . Not everyone accept bitcoin so conversation in fiat is what most people has to do first.
\ Unfortunately I do not have the option of doing this right now. Well, sort of. Although hopefully in the near future I will be able to hold more and more Bitcoin as savings and do not need to sell them to pay for rent, food, etc. like I do now. Imagine going back to 2010 when that guy paid 10,000 Bitcoin for a pizza. On one hand, if he didn't do this he would be a multimillionaire right now, but also Bitcoin might not even be what it is today if things like this didn't happen in the beginning. |
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We are almost going to hit $10000 this year and I don't think that fiat will be useless. And I don't think that it will be useless not in the next 100 years. If you mean that there will be cashless society, then I believed in will in the future. But fiat being worthless? don't think so. And for those thinking that bitcoin will replace fiat, it can't and won't be. As long as there are Central Banks around the world, fiat will also exist. Do you think that each nations will just eliminate their own Central Banks? The answer is NO.
Yeap, i totally agree with you man. There is really no way that any cryoto currency that can literally make fiat useless. Not anywhere hnear these years. Although if there would be, only bitcoin can pull it off. But certainly not yet. But if op meamt that it would happen in the far future, then i wipl agree with him. Because something like this is really bound to happen. No doubt about that. Fiat is something we cannot live without yet. Specially in countries like mine that still lack number of internet connections in remote areas. We still need to solve these type of problems first before we can talk about getting rid of fiat. Itlself. Yeahhh OP should say $100,000 and not $10,000. At $100,000 per Bitcoin the market cap will be over a trillion dollars (still no where near gold even), but then this conversation will hold more weight. Realistically, even at a million per Bitcoin it won't destroy the dollar, because Bitcoin is always being lost every day. The price needs to go far higher than a million and I suspect it will because of the deflationary aspect of it... people are too used to inflation and can't wrap their heads around deflation make the price of BTC always go up over time, instead of how the fiat currencies of today always go down. |
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Bitcoin has not just defeat the gold but cross with long lead and individuals enjoying its profit and also increasing their life styles,Main reason is Bitcoin is convenient and safe as compare to Gold.
Yes indeed bitcoin defeat gold because you will always lose in old and bitcoin always give you a profit when you buy gold and then want to sell gold so there will be a deduction in gold and If you bitcoin and then keep bitcoin on hold and start to wait for a right time and then sell bitcoin so I will give you a profit and even if you do daily trade it will also give you profit. In past people used bitcoin for trading and investment purposes, as we were observing a great change in the price of gold, but for few years we can see that gold price remain as constant for a long long time. Now most of the people are using bitcoin for saving purposes, in fact in present time the best option to be use for investment and trading is Bitcoin from where one can really get a good profit in a short time but in the same time the risk of losing money is also there. All of the possible source of income or investment have its own risk and the only thing that make difference between the different types of investment is the amount of risk that they have. Bitcoin maybe have a high risk but it is not that huge discouragement for the people to invest because with bitcoin they can earn big amount of profit in just a few weeks and that is why bitcoin is being more prefer than the people rather than investing in gold. You do realise that the potential to make huge return on investment with Bitcoin is decreasing though, right? I mean back in 2009-2013 it was easy for literally anyone - even McDonalds employees to become rich by simply investing a portion of their weekly salary into BTC, but now it is impossible for most people to even buy a Bitcoin, heck most people cannot even afford to buy HALF a Bitcoin. I would not say it has defeated gold though. Gold will always be considered as a means to store value. |
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If you don't have time to invest on the internet in generating it then the best way to make money from bitcoin is to buy it and reserve it till it gets to for your target price and in that case you don't have to do anything whatsoever and only conserving provides you with a nice income should you maintain it for the right time as many folks make large earnings simply by keeping their bitcoins for long phrase.
I would argue at this particular point in the market is is not necessarily a good time to be buying Bitcoin, but rather try your hand at legitimate ICOs (like AngelToken, for example) as opposed to BTC which is bound to crash in the near future. There is proof that corruption is taking place in high places in the Bitcoin universe right now and mark my words, it will not go above $10,000, and you should be focusing on ICOs instead. |
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Just imagine. If ALL OF US would be rich, that means we would live our lives out from dividends, or any passive income of at least $1k a month. Then it would be jawesome, right ? Well, but then I do have a question.
WHO on this Earth would bake the bread for ALL OF US ?
Robots, you might say?
OK, nice idea.
But then, WHO on Earth would maintenance these robots ?
Another robots ?
I don't think so.
Even if so, even if there would be a Skynet of robots, who would not just bake the bread, but also harvest the grains, transport it, deliver to our doors. What then ?
We could eat for free, as much as you want?
Cool, but what about overweight then.
Doctor? But hey wait, NO ONE on this Earth work, so we have no doctors.
OK, we have Doctor Robots.
Who would teach our kids? Robots! Who would change the diapres? Robot!
Even if humans would master all this, we would need to have all the knowledge to teach our robots to work for us. To be slaves for us. (no minds, just pure robotic hands/arms and so on, Tesla's and autopilots)
But even then, there is one huge problem.
I do not want to touch any country, or race, or group of people, but imagine, if you put infinite amount of resources to any kind of animal (including humans), they would reproduce themselves to infinite. Because they simply can. Because parents do not need to parent their kids anymore, because we have robots! So we would need a limit of reproducing, no right to reproduce as much as you can handle (infinite resources), because we would simple have like 50-100billion people on this planet, and there would be no robots who could grow so much grains to bake bread. (perhaps hyper dense pills could be the away).
So, back to the original question, why do people believe, they all can be rich ?
It was, is, and will be, ALWAYS about that who is going to earn more, not enough, but more than the others.
Why?
If there is only one mansion on the Bahamas, which is large enough, sunny enough, sexy enough, there is no freaking way, ALL OF US could buy it. Just one. 1. One. And if only 10 buyers come with their million, to who would seller sell this mansion to? First ? But second also have million and ALL OF US want to be rich (own that one mansion). So second would have to offer 2 million, right?
Wrong.
No one would want to sell such mansion in the first place, as he is already rich. We all are.
every people here in the world want to be rich,because they don't like that they are still in the low class of living so that every people here wants to be rich because if you are rich you don't have a problem to you're financial. I can hardly find any person living on this earth who will not be dreaming of getting rich. This is a natural phenomenon that all of us actually wants to have more money for better living of our families. The fact is there are very few amongst us who actually manage to make their dreams come true. If you want to have a better life, then you have work really hard for that. Your personal motivation means a lot. Life is also about taking the opportunities right in front of us and as members of this forum that means that we have decided to try to make money with bitcoin, and I think it is the right choice the only thing we need to do is to put enough money in bitcoin and wait for long enough and the possibilities that we become rich with bitcoin are very high. What about ICOs though? You can make a lot more money with ICOs if you know what you are doing. Have you heard about AngelToken? It is a great opportunity to invest at the beginning and it is going to be huge. Bitcoin investing isn't a great opportunity at the moment, because the price is so high that is liable to crash at any time in the near future. |
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Why not buy? You never know how high the price could rise up to. Some people think it will go above $20,000 before it crashes. You need to buy and hold Bitcoin if you want to be sure that you get in before it goes above $20,000 or more. Think about it, even if it crashes it will still go above $8,000 again anyways even if it takes a few years.
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There is no market other than etherdelta, I am not comfortable with etherdelta.
unless there is an official notification from dev about the next exchange.
I also have sold postoken there.
Why are you not comfortable with Etherdelta? You should be. EtherDelta is a decentralized exchange with no owners. It is a safe place to do business because there is no middleman who can come in and close down the exchange if he decided he wants to steal everyone's funds like has happened with others in the past (Mt.Gox, Cryptsy, and more). |
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The BTC price is hard to predict exactly but it is easy to tell that the price is going to start to explode to what it's potential truly is. This is because there is a finite supply of BTC and more than half has already been distributed, so when you combine that with the massive demand that is becoming apparent to own BTC you will see the price moon for the billions eventually in 30ish years.
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If you think FIAT money is real life money then you are in for a big surprise. Paper money is literally worthless and the USD has devalued 97% since it came out in the 1920s. It is also now not even backed by anything and the Federal Reserve, a private organization, has the power to print money at will and loan it out to the banks at 0% interest. Only the too big to fail banks of course.
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I do not have any trading tips for beginners because if you are a beginner and looking for trading tips you're 99% likely to lose. You might as well look into studying BTC while buying some and holding it. You will for sure see your wealth grow year after year as it has been. If you get into altcoins however, I cannot say the same guarantees at all as they are centralized networks.
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It is definitely not safe to participate in ICO's. They are fraudulent and scammy in all aspects of a scam. They promise to make you rich, but you end up losing because they pump the currency you thought was going to go moon because of their great idea. But they're idea sucked like 99% of the other ICOs and therefore they have no choice to to sell the coin and say they need it for development.
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Bitcoin is the better investment by far wihtout a doubt because it is decentralized and immutable. The nodes are decentralized and will not be switching to Proof of Stake like Ethereum is. Which ETH though because it already had a hard fork and now it is going to have another one. Bitcoin and it's blockchain has been immutable and it will stay that way forever
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Ya we will probably see another fork with ETH. One for Proof of Work and one for Proof of Stake. It'll be hard to start from scratch but it's for sure going to be one big mess. I heard it could potentially all come crashing down. With what happened with the Parity mistake, I won't be surprised if we don't even make it to the fork. This is what happens when you centralize systems.
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If you are asking that on a forum online then you are out of luck my friend. You should know in life how to control your emotions otherwise they will keep getting the best of you. I can tell you though that emotions can be controlled with your thoughts and breathing. Breathe whatever emotion you want into existence and believe it will rule out negative ones and it will.
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Hodling is the best thing anyone can do, even if they consider themselves day traders and are in public showing they made a lot of money there is never anyone making anything close to what they can make stress free if they were to just hodl BTC. You are going to profit every year no matter what, but with day trading you might get emotional or panic sell and lose a lot of capital.
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There really are no tips for trading for beginners because you shouldn't be looking to get into that at all if you're new to crypto. Or even in general it isn't something you want to try as you could potentially lose a lot of money. Especially if you cannot control your emotions and know what you're body is telling you when you get bad feelings. Just learn about how to use Bitcoin and keep buying as much as you can for the long term.
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Just wait it is soon going to be credited to you they recently added relay protection to it which gives it privacy or soemthing and all the major exchanges and wallets including coinbase have told that once this is added they will list the coin and credit it's users
That's correct. BTG will be credited to users who had money on those exchanges at the time of the fork. I had my BTG futures on yobit, sold them and withdrew the coins. I actually managed to sell them for 0.08 BTC and it was not long before another BTC pump so I'm very happy with that. I also had some coins on Poloniex and Bittrex so these two should credit my BTG at some point, but if they don't it won't be too much of a loss. Losing something you never had doesn't hurt. I had no idea it was actually possible to sell your futures of Bitcoin Gold... they were fricking way higher than the real opening price, which crashed the day before the official launch... if only we knew, we would have made A LOT more dough. Oh wellz. Thank you for your post by the way, I know you did not mean to but you helped me learn to keep BTC on Yobit before such forks to get my free airdrops.  |
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The best strategy possible to profiting from the crash is by buying Bitcoin when it's at the bottom right before it turns back up again (which it always does eventually), or what some say as "buy the dip". You can do this by using a technical indicator called Bollinger Bands and as soon as the price jumps out of the Bollinger Bands, it's bound to come back the other way the price starting around then.
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Link to Profile: https://bitcointalk.org/index.php?action=profile;u=706821Bitcointalk Rank: Hero Member Current number of posts: 1854 Bitcoin Address to send the payment: 13c2erN8XpdWUJYLWa7ft9HhVqDhnUBMCg Hello sir, I have been on vacation for a while, but if you accept me I will be active again. |
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