It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
Bitcoin will never be destroy nor will be chance by another coin currency for me bitcoin now even the past year bitcoin will be more famous and it will be more investors are going to use bitcoin as a currency because bitcoin is easy to use and bitcoin can be link on banks soon and on market as well Bitcoin is easy to use only for those who are using it since long time, but it can be confusing and complicated for those who are not aware about it and they need proper guidance how to use it. |
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While there are many investments and methods that yield both dollars and BTC, the most common way that any person is going to make any type of currency is to work, sell a service or product, or perform an action and get paid for it in whatever currency.
We are discussing whether we can afford to get full time in bitcoin or not putting our day job and fiat currency behind, and if you are comfortable in earning with fiat then no need to get full time in bitcoins. |
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Bitcoin wallet is surely a better option, and despite the fact that it needs some improvement, it is still better than banks, because the fees are too high. And there is the problem of centralization, which may endanger the funds of the users in a few situations.
At this stage we cannot rely only on one, we need both of them as banks will take care of our day to day transactions and bitcoin will take care of online transactions, both are important. |
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When I have capital available to invest and when I see, of course, a good pricing, then I buy and hold. I'm rarely doing trade, I think that I will need more knowledge of the market to do that more often.
Yes its better to enter the trade after getting enough knowledge of it or else it will be an risky affair for you and you may even loose your coins in trading. |
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Thanks to my friend who brought my on this forum and bought an full member account for me so that I can join signature campaign and start earning bitcoins.
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I have lost many times in gambling in the past, but at that time the price of bitcoin was not too high, but now I cannot afford to loose even a small amount so I have quit gambling for good.
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If you do not have the needed experience in the market, then I suggest you to hold your coins, or use part of it to invest in something else when you see a great opportunity.
Yes if you don't have knowledge of trading then its better to save them for future as if you invest in any unknown thing there is a full possibility of loosing your money. |
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There's no easy way to make a lot of money/bitcoin. You can try what I do and lend and trade to gain bitcoin. It is very time consuming and takes a long time, but I do see some gains from it.
Yes definitely there's no easy way to make our money double in minute because we can't win straight or steak sometimes we always get lose straight where all our money are lose then we are going to deposit again and try or next luck , for me i never tried to chase my lose in every game and i don't waste my whole time in gambling. Its good that you are not wasting your time and money in gambling as the end result would be surely in negatives so its better to work on it and try to double coins with hard work. |
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Sometimes it is a difficult task, to hold for a good time you need planning and discipline. The good part of this is that you can be highly rewarded at the end.
Its better not to hold for really long term as price may drop in future, so if I see $1k price in next few months then I will prefer to sell some of them and secure the profits. |
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Just recently got into BTC; I have 2.5 saved up. Plan on taking 25% of each of my paychecks and accumulating and seeing what will happen in 2017 or later in the year. Thoughts? Ideas? Speculation? Advice? Tips?  I think I have saved some bitcoins by earning online and by investing from my cash. Your plan to save 1/4 of your paycheck is a good idea if it does not limit you to spend your other parts of you salary. I liked to trade bitcoin for altcoins and vise versa but because of lots of dumps I have paused and I'm stucked with that amount for the moment. Yeah even my amount is stuck in altcoin at a moment and I am in negative at a moment so I am hoping some price rise in next few days so at least it can take me to break even point. |
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Lets say I want to buy bitcoins today and store them for 20 years to use a my retirement fund. Live comfortably, but don't need to buy a yacht or anything. How many do you think I would need to buy?
This question is very tricky because we don't know or don't have the knowledge to predict after 20 years what will happen with the internet neither with the bitcoin. I think that you should count a million dollar equivalent in bitcoin, so around 2,000 BTC or more I think should be enough. If you are a bitcoiner then there is no age limit for retirement, you can earn bitcoin till you are alive, so if you get retire from full time job then you can get full time in bitcoins after that. |
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When you see such proposals, you have to be careful to not end up in some scam. Most of the legit investments often require a lot of time to give you such returns, and be happy if you get it in a few months.
There is no site at a moment that can double your coins in a quick time, its all about making false promises and once they have enough investors they will surely disappear. |
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Do you think that people hate bitcoins why?
Are you hate bitcoins or like it.........
But my answer is I LIKE BITCOIN.
I don't think that people hate bitcoin because to whom i told about bitcoin they were interested at an instant and I can't find any reason why people well hate bitcoin. Yes those who were dealing with btc and suffered loss they might hate bitcoin. the same is from me, I have tried to tell about bitcoin to some of my friends and those who understood it immediately join the community and are trying to adopt it for their uses. They do not have any complaint against bitcoin and are very happy with this currency. People who believes in something new and innovative technology will welcome bitcoins to their family with open arms and there is no reason to hate bitcoins as it is only helping us in many ways. |
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i think in 20 years we will be able to use bitcoin in everywhere for direct shopping and i am sure bitcoin will be acceptable in any local shops or in stores.
Yes that is possible in next 20 years as bitcoin will be more powerful and popular currency by then and at that time we don't have to convert it to fiat for buying anything. |
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If people didn't believe in btc, its price wouldn't have gone up steadily. The numbers speak for themselves.
You are right. Current stable price of bitcoins shows how much people trusts this currency and this trust will continue to grow. For me, i trusted bitcoin from the day one, i started using bitcoins. Yesterday I also though that people like their money in bitcoin and because of that the price got stability and you can see that the price is tending to increase which is a sign that more and more people are coming to adopt this currency Price is stable since long time so I don't think many new users are involve in buying coins at a moment and if that would be the case then price would be much higher by now. |
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In my opinion there are many methods and ways in bitcoins how you can become rich. But best - buy and hold  getting rich times are not part of the current times anymore, unless you have a large enough balance that you manage to grow. the far majority of the people here hold less than 1btc. these people will never become rich. even not when the price goes to $10,000 (which might even never happen). Exactly if you want to get rich with bitcoins then you need to hold higher amount of coins so even if price doesn't reaches to the roof you still have an chance to get rich with it. but if someone has a lesser amount of bitcoins and are unable to get a higher amount of bitcoin then they also have a chance to get rich with their minimum amount of bitcoins, they should have to start trade with their coins and have to search better about all altcoins and have to trade with those altcoins which will have the potential to reach higher in value. You cannot expect profits every time in altcoins as many times you may go through loss too, so we cannot depend only on altcoin trading to become rich with it. |
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No I will not receive my salary in bitcoins as price keeps on changing on daily basis which can reduce my income if price of bitcoins goes lower in future.
i do not think that we will face to any trouble in the future if we receive our salary in bitcoin because bitcoin is going to higher its price day to day . Its not sure that price will keep on rising in future, it may also fall and that also to an extreme level and the fact is what exactly will happen in future so I will never prefer to accept salary in bitcoins. |
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It is very risky to invest via Web, everywhere are scam sites, also of course cloud mining. As special exception, I can make you 10% profit in one week without any problem, but only from 1 - 2 BTC and up  There is definitely a risk and we should not be afraid of the risk, because if we are afraid we will not get a good enough profit from the funds we have. Indeed the site web-based investment scam for sure, but if we don't capitalize on this in a few moments only..?? Risk should be taken but in such a way where we still have an opportunity to make profits, and that is possible with trading and comparatively it is safer then hyips and ponzi sites. |
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I'm using bitcoin only for investment and I never use bitcoin to buy online. I get quite a lot of money in bitcoin, as of the signature campaign, trade, investment and services. It was all very favorable.
Yeah its good to use bitcoin for investment purpose as price of bitcoin will be higher in future which can give us good profits, and at a moment fiat should be used for shopping. |
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Exactly, if you are not a risk taker then its best choice to keep them safe in your wallet and wait for the price rise and sell when you are making enough profits from it.
But it takes longer time to making profit from only holding your bitcoin for long time . While you holding your bitcoin , you can spend your bitcoin to trading it helps you for growing your bitcoin than holding the coins. It will depend on individual, either he wants to take any risk or not, but its always good to take some risk by investing money in trading where you have good opportunity to earn quick profits. |
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