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I am here since last 1 year and bitcoin has walked into my life when I was in desperate need of a job to take care of my expenses and my family and bitcoin allowed me to do that.
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This is something I have been considering recently as I have just got the 1 toddler, would it work out better than any standard ISA or saving account, possibly and it would definitely be safer then a traditional bank holding your money as you will have complete control of the keys.
You can't be 100% sure that Bitcoin will still be around that long, while I think it might be a good investment, it's always better to diversify a little and also invest in something else. Not talking about a savings account, but maybe precious metals. Yeah if you have good number of coins and if you see higher price in future then its better to sell them off and grab the profits as we never know how long bitcoin will survive. |
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I used my Bitcoin in paying monthly bills because if i pay it using Bitcoin i will be able to save a lot of time because i don't need to go to the office to pay the bills. Also if i have extra Bitcoin after i paid my bills, I used those extra to play poker, dice and bet in many sportsbet just to satisfy my gambling addiction.
Bitcoin can be used in wide areas and that's what everyone is doing at a moment and most of the users are using it in gambling, but I think we should save them for future to get additional benefits. |
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Every year since 2009 is The Year of Bitcoin
I agree. Unfortunately not for me because I didn't know about Bitcoin in 2009, and in 2010 too, in fact I took Bitcoin seriously only in 2013 but at least since, yeah, since every year is The Year of Bitcoin. I have to disagree as we all were thinking that bitcoin price will reach more than 1000 usd per coin during this year which clearly didn't happen so far. There are still some few months but I believe the price of bitcoin will stay in this level 550-650 and will not break this limit. I am hoping though that maybe the year 2017 will really be the year of bitcoin and maybe the bitcoin price will even pass through the 2000-s usd per coin. All the people in any signature campaign now should become very lucky by then if this really happens. Yeah $1k seems difficult to achieve in this year, as price is still below $600 at a moment and it will take long time to touch that price and also if we don't see any bad news till that point of time or else it will be even difficult to achieve it. |
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I think it is a good move, but you can not be too sure, so you would have to take a risk. The price is going to probably stay stable for some longer time at the current price, but it will probably go higher later. I just have a feeling it will recover and be like the prevous floor from about 2 months ago about 630$.
Yeah it does right, what is said by most beginners is incorrect. because the price reduction is not at high risk for bitcoin long periods of time, and it's even profitable for us to be able to get more bitcoin. Because if later we can have a lot of bitcoin then when prices are high we bitcoin can benefit greatly We can afford to buy at this stage as price is not too high, and if we think of future then it will surely be higher allowing us to make good profits from it. |
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I don't think price is going to down below than $550 range this time, price is bearish and it have a lot of selling pressure at the moment even no bullish sign exist, price is on survival phase and it can break the current pressure and will start rising very soon, I think so price is doesn't matter it need to get a stable floor.
I believe the dump will not go deeper under 550$ or even 500$ since i think many people will surely buy since bitcoin for this price is so cheap and also some other people would provably would buy for their investments good and maybe also for manipulating tricks(who knows) but as far as ive seen nowadays i think todays price will be the stable price untill this month and hopefully it will rise on september. Price has stuck at $570 at a moment and even if it falls in coming days then I don't think it will go below $550 and I think even current price is a good one to buy some bitcoins. |
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I will not sell bitcoin yet but instead i will try to buy more Bitcoin, The current bitcoin price today is good for me to buy Bitcoin and hold it for long term until i feel i have made lots of profit with it then that's is the time to sell Bitcoin. Holding Bitcoin in long term will surely give me profits atleast that's what i am believing until now.
Do you have any target for the BTC price to sell because you said will sell only prices go very high means what is that high? If I'm not wrong, this also one type of greediness because even after BTC prices go few thousand $ high, you may hold for still to go up. So it is good to have a target for all investments and once you reach that goal, must need to book some profits to avoid any future disappointments. Yeah don't hold you coins forever , who knows the price is dump after reach the highest price at the moment? As you said , make a plan and goal for order your sell . But if you need it for urgent thing and got desperate , it doesn't matter the price you sell as you can use it for your needs. If price reaches to your desired level then I think you should sell your coins and secure the profits as if you will never sell your coins then you will never be able to get returns on your investments. |
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Only trust in bitcoin if you understand bitcoin and see the benefits of bitcoin towards other, more traditional payment ways.
Then you can believe and invest with peace.
Each of us has different preference and we cant please everyone, but if you came to know bitcoin more dipper then you will realize its worth. i believe in bitcoin and its potential to grow more and the many recognize it now. it has many benefits and make our lives easy. Bitcoin is still in its primary stage and it will grow more in future providing us multiple benefits and I have total faith in it that it will be the best currency in future giving us best profits on our investments. |
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It would be too risky to quit your job but it would be good for you if you would make use of bitcoin too.
Yeah! it is true that quitting our job is too risky as we might not succeed in focusing with bitcoin. Our job provides us a stable and consistent income while in bitcoin we might lose our money, that's the big difference for everyone who wish to go full time with bitcoin. There are many people who are full time in bitcoin especially the traders who are making good money with it but to get full time on bitcoin you also need high capital to invest at initial stage. |
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is bitcoin more popular than US Dollar ?
USD is most popular than btc because USD is used throughout the world . It became common and the bitcoin known for use as the investment transaction . Very easy to use because it than others such as paypal . But can not be replaced because the usd usd is famous all over the world and no matter where you are you can use it . That's true usd is most popular currency and it is widely used and accepted across the globe, where as bitcoin is not too popular at a moment and has not reached to each and every masses. |
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Share with us what's your main reason for buying bitcoins?
Bitcoin price is fluctuating a lot these days.My mobile keep beeping with new price notification all the time.I dont think it is the right time to buy coins.I am waiting for some stability in price than I will buy Bitcoin price fluctuates as always. No such thing as stability if you are waiting for it. It will needs more years before such stability will happen. Just try to give a shot at possible dipping point where price are struggling to decrease more in that range. You can consider that price as price to start accumulating coins again. Just a trader advice. Price may go down in coming days so I think its better to wait for few days, as it is expected that price will go below $550 in next couple of days and that would be the good time to buy. |
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As of now i already convince my wife to earn with bitcoin just only in participating in signature campaign due to curiosity because she always see that i always have money to spend in our weekly family treat then she ask where i get my money then i tell to her and she got interested and now shes happy in her earnings.
That's the right thing, it depends on the woman, if they are really interested, you don't have to convince them and telling stories of success or whatever... If they themselves start to ask and try it, then you just have to wait, if they like it then they will continue, but if they don't like the idea of earning dusts, for sure she will quit or would not focus on it specially if she also have her day job. Yeah if she haves her own full time job then it will difficult for her to focus on bitcoins, but if she is a housewife then she have enough time to learn and start earning bitcoins. |
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I prefer to have 20% of my salary being paid in terms of bitcoin, because every month specific amount is being spend upon buying some bitcoin as a investment for future.
this is a good idear! Yes I think the way it was good (for us) but what about for the company, because the two types of payments made to us by fiat bitcoin and I think it will make the company's operating costs will swell, and of course they will reject it. hehe Yeah company will not prefer to pay in multiple ways, either they will pay you full salary in fiat or else in bitcoin only if they have implemented bitcoin in their company. |
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hope it will be so, as we were expecting that the price of bitcoin will increase too much in this year and will easily cross 1200 USD level at the end of the this year, but i dont know why the price of bitcoin is stuck and is regularly trading in 570 USD for such a long time.
Don't desire for a easily path to $1200 since every sudden increase is always associated with large dump. Look at what happen when the price is experiencing such above $100 increase. It's better we have such slow price increase so that stabilization will be form before taking a test to jump on the next bubble. Exactly, its better to move ahead slowly and steadily to achieve the price of $1k or above, as if there is major pump in small time then it will definitely followed by major dump. |
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I have lost small amounts of coins in the past. Once someone hacked in to my online wallet and stole the coins. In another incident, the exchange site which I was using went AWOL, taking my coins.
Its really hard to trust any site online as in long run they turn out to be scam and run away with the money of people, I have lost some coins in doubler sites in the past. |
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It would be great if it is accepted everywhere even at a small place to buy anything, and if that happens then only bitcoin will become more popular and adoption will go higher.
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In theory, yes, but on practice we can see that bitcoin just growing everytime and community is increasing, till people using it, bitcoin will not die.
Yes till bitcoin holds good value and people continues to use it, it will never die but if price goes very low in future then there is a possibility that people will stop using it. |
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Whatever I am earning I am saving it for future as spending them now is not worth as price is too low at a moment but hoping that it will be much higher in future.
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Gambling should be done for fun and entertainment purpose. Also do it with the money that you are willing to lose from beforehand. Don't go into thinking that you can become a millionaire by doing bets. It can be a small source of earning besides your actual job.
Yeah. If you have monthly $1000, you can spent $20 for gambilng. Set a limit for yourself. Spent this limit, not more. And it will be fun and safe. I don't think you can get a thrill with that amount of money for gambling, that is too low my friend and if I were in that position I would definitely bet like 20 to 225 percent of my income just to feel the thrill, and beside I would not lose easily if I gamble on the game that I have the best knowledge. Even if you hold the best knowledge of game there is always an risk of loosing your money as gambling is totally depend on luck and we don't know what will be the outcome of the game. |
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If you are a heavy gambling addict it eill wreck your life for sure. Even if yiu get rich you would probably lose all of your money on morr gambling. Gamble an amount you can afford to lose, or if you want to gamble for fun without risking your own money, try playing a gambling game not real gambling or gamble with faucets on sites that give them.
Its better to gamble with small amount, and I don't think that gambling can ever fix the life as it will be really risky to depend on gambling for living, it will surely wreck life in long run. |
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