Almost everyone wants to be rich and the question is how? Like in getting into any investments there are a lot of ways to be rich. Depending on how you will begin the process as long as you have the willingness to sacrifice unnecessary expenses, having truthful discipline in keeping savings or investments profits and keeping yourself in good health. Then you could possibly be on the road to richness.
Who don't wants to become rich ofcourse every one need money to take those they want in life and uses that as capital to start business . For me if i have a plan to become rich thats probably playing online casino or going to nearest casino and play with my money. A casino will make you poorer for sure. Never have a plan to become rich based on gambling. Gambling is not for making your rich unless you are having any plan to start your own gambling house. I believe you were misguided by your enemies because those who have recommended you gambling to make your fortune definitely must have jealous on your wealth. Do more researches and have some knowledge to protect your current wealth. That is probably a reply with no sense. Yes in order to become rich you need to take certain risks to see something pay off. But gambling is a different kind of risk in which it is to obvious that no one ever tried to make a living out of it unless you know how to cheat the system that it. But until then you don't have the ability to be rich via casino. The worst decision of life would be to depend on gambling for getting rich and what will you if you keep on loosing every time, I am sure it will make you bankrupt and you will be begging on street for a piece of bread. |
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Now in some places to buy goods directly can use bitcoin, how to conduct transactions directly using bitcoin? Because I place no purchases using bitcoin.
Nowadays has developed, which initially buy goods directly can only be used with the currency and credit cards, and can now use bitcoin although only in some places. Is it possible that the next few years means of exchange for transactions money initially turned into bitcoin?
What do you think about this?
Bitcoin is used by a very small number of people. I dont think it can completely send money out of use.Governments will never allow bitcoin to beat their national currencies Yes that is impossible that bitcoin can ever replace paper money in future and even if bitcoin gets more popular in future it can never exceed the number of users of fiat. |
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The main reason I bought Bitcoin is it is a good investment IMO. Other than that, I use it to purchase goods from online store/websites and getting good discounts from it. I rarely use it to buy altcoins and speculate with BTC price.
Yeah buying altcoins is risk as there is no guarantee that it will survive in long term, but we are sure that bitcoin will not disappear easily so its worth to put our money into it to get better results in future. |
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Here in my country, Bitcoins are so much popular that people nowadays sell many product selling websites' vouchers and gift cards for this... It is not yet started to be accepted for something physically, but I know that a day will come when that will also happen...  Yeah even in my country there are many users who are spending it online and the level of users will get even more higher in future when bitcoin will start to get accepted at physical places. |
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Nope, I would not like this at all, this means that I have to convert all my bitcoins to my normal currency in my country because I cannot pay my bills with the bitcoin these days so I think its also way too early to do this.
Yeah this is not the right time to accept salary in bitcoins as the usage of bitcoin is very limited and it will take long time for bitcoin to reach at majority of the places and once its done then we can think about it. |
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You can reach 21 Bitcoins easily if you have enough funds to buy it. But obviously that is not the point. For earning it it would be very hard and takes a long time and some luck too. My position at the moment is very low so there is no chance to get to this amount but stil I have some humble goals that I hope I will reach by the end of this year. The most important thing is never to give up, no matter what your goal is.
If you really big trader and you can easily earn and get 21 bitcoin and if the cheap you bought from the exchange website is rise up that expensive then you are going to earn lots of bitcoin there and if you are luck in the gambling too because gambling can really give you 100% of income. Gambling will also make you 100% loose if its a bad day for you, and we cannot afford to depend only on gambling to earn money as most of the time results will be against us and it will decrease the level of bitcoins in our wallet. |
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Have not really been using my bitcoins lately, and if I do, I only use a small portion to pay for my mobile phone's load credits and some utility bills. Other than that, I hold most and still suffering some losses in altcoin trading. I may not trade altcoins in the near future because of the loss I've had, which would take some time to recoup.
Yes if trading is not favoring us then its better not to put our money in it, slow but guaranteed profits is always better then trying to make it quick and going through the losses. |
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i think that bitcoin is good for investment, but if you want get more you can wait until the price down
We cannot be sure that when price will go down and if you are going to hold it for long term then even current price can be considered as a low price as it will rise in future. We cant really know the bitcoins price movement on the future. If you invest 1 btc as today you cant still assure yourself to have good profits on the long run. If bitcoin price would rose to $1m then for sure its a good result but if bitcoin would reach only on a small amount then its not ideal to hold for long terms. I don't see it touching the price in millions in future, and 1 btc will not give you enough profits if you simply keep it idle in wallet, but if you start trading with that amount then it will give you better profits. |
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What was the first thing you bought with your Bitcoin? Did you treat your loved ones to a classy restaurant? Or did you bought something for yourself? Bitcoin indeed is really helpful the first thing I bought is book. the book is about the translation of qur'an and the explanation. I was into bitcoin because I wanted to buy the book. Don't tell me that you started to use bitcoins only to buy that book with it, you can easily buy it by using fiat currency or credit card, and if you still say that your main intention to use bitcoin was to buy only that book then that doesn't make any sense. |
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My plan to get rich is to have business that will gives me stable income and also the business that will accept bitcoin as mode of payment, then continuous working in bitcoin like participating in signature campaign, trading and sports betting.
you really want to start a successful business and still participate in signature campaigns and sports betting? if you run a successful company you will have no time for these timewasters that don't pay well. What he is trying to say is that he will start his own business but will also keep on earning bitcoins in different ways and I think that is a good decision as multiple sources of income will multiply his income. |
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My plan, just keep getting bitcoin as much as possible to the future while waiting for a high price increases, then convert it to fiat and start a business of real.
That's a good plan and even I am planning for the same as its always good to have business in real world where there will be less risk in compare to staying long with bitcoins as the future of bitcoin is unpredictable. yeah bitcoin future is unpredictable. but I believe the future prices will rise high. therefore, I still collect bitcoin for the future. but when all my bitcoin has sold. nah, I do not prefer investing in bitcoin, maybe I am getting old and real investment is the best choice, because I can bequeath it to my wife or my children. Yes that is a right decision to invest in real world as investing bitcoins anywhere involves huge risk and there is no guarantee of making profits from it, If I have enough money then I will invest it in real estate. |
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generally i don't use bitcoin as I have very finite amount and I can't afford to see my wallet empty. but once in my lifetime i had bought 2 website domain of .xyz extension which worth only $1 so without any hesitation i had bought that. else then that I hadn't used bitcoin anywhere else.
Spending bitcoins on buying digital goods is the best way to do with them and if you cannot use them anywhere then its better to save the for future as it will be more valuable in future. As quoted by above mate, bitcoin use in digital goods purchase seems to be a wise decision but every country haven't got the access of digital goods purchase with bitcoin. On account of this most times I used to convert to fiat and a little gets hold into my wallet. Yes, bitcoin best suits to be used for online purchases of any digital things, still with a bitcoin debit card, we will be able to purchase anything in physical stores also. But using directly in bitcoin format would be nice and cost effective too. We can do whatever you want with our bitcoins, still I do not prefer converting them back to fiats as I have more willing to save them for my future. I think if you are earning a good amount in fiat which can take care of your expenses then there is no need to sell your bitcoins as it will bring more profits for you when price goes higher in future. |
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A friend of my want to give me 3BTC and he want me to pay him back 4BTC in 2month 7days but he asked me what will i do with it, how can i turn 3 bitcoin to 4 in 2 month 7days, what is the best investment that can give me good ROI in that short period
So please i ask for your advice
well I advise you not to take those 3 bitcoins because it's risky. just be realistic. 2 months for 1 bitcoin is not easy for me. it's better not to take yourself in risk. Yeah its always risky to play with someone else' money as if it brings loss for you then you will be held responsible for that so its better to ask your friend to do it on his own. |
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What would you do if:
Bitcoin hit $1,000,000: I would sell 90% of my bitcoins
Bitcoin hit $1,000 again: I would sell 75% of my bitcoins
Bitcoin stayed where it was: I would hold my bitcoin, but I would sell it if I need fiat
Bitcoin became worthless, or a few cents: I would hold it
And which of these do you think is most probable?
stayed where it is
I will put my vote on option B as it is likely to hit that price in future and even that price sounds to be an realistic one, but not sure whether bitcoin will survive for next 20 years or not. |
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yes gold is better than bitcoin and any other thing because is it the strongest and the oldest valuable stuff in the whole world but bitcoin is currently not that great but it has a potentiality to become a legend it just need some time and popularity once people started using and trusting in it then it can maybe cross the double value of gold
In some cases it is better, like the reasons stated here, but in some cases Bitcoin is better. Like it is much harder to steal, there are many more ways to earn it and the price is more likely to go up. Yeah and if you are looking to invest your money then you can start even with a small amount in bitcoins and not you always have an opportunity to earn them in different ways which is not possible with gold. |
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Bitcoin as a salary will be way to risky and most employees will not accept it. The price is way too volatile and if it crashes people will lose their money a day. I don't think that the people will take the risk. People will definitely not trust bitcoin as it seems so complicated to all the newcomers.
To newcomers or new to bitcoin, it will look very risky and complicated. But I think for those who are already used to receiving bitcoins, it will be different. It is quite a risk to take all your salary in bitcoin, but I think if you get half in bitcoin and half in fiat, the risk is minimized. And some of us can live with that. Nothing beats experience of course, we are here for a long time already and I can say that we are matured enough to understand the risk of bitcoin and only risk we can see is the price volatility but for me that would be fine as I am a gambler by nature. I think its an individual decision and if you are comfortable in accepting salary in bitcoins then you can go for it but for me I won't do that as price really matters for me and it can even go lower in coming period. here is what i never understood with the volatility argument. it goes both ways. so you can make extra money without doing nothing. and if it goes down once in a while it is usually under 10%. if you can't handle that then your are doing something wrong anyway. Price can fall even more then 10% in future and in that case it will affect our income very badly, and there is no guarantee that price will keep on moving in upward direction in future. |
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It can surely help the poor countries where the rate of unemployment is very high and people find it difficult to get a job in that case bitcoin can provide them earning opportunities which can take care of their living.
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If you were in desperate need for money / Bitcoins, what would you do? How to get it, earn it, whatw are your solutions and experiences? I wonder what people are ready to do when money is the problem.
For other people Maybe scamming is the only way to get bitcoins in times you need bitcoin in fast way. I dont think someone will give you if your begging for it. I would need to take on a job or if I would need to money right away then I would have no other option left but to take a loan. That is the only option left because I am not going to steal or anything to make money. Yeah and stealing money in crime and if you get caught then it will be an black mark on your character so its always better to take a loan or borrow money from your friends or family. |
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I have already quit my job and I am full time in bitcoins, in fact I lost my job first and entered bitcoin after that but after getting into I never felt for working for someone else.
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selling any of my bitcoins
Worst decision that I made was selling my Bitcoin to early if I have waited a bit longer then I would be able to make allot more money but I was to greedy at the moment. You should always be patient with Bitcoin because the price can always rise again. Yeah even I sold them at the wrong time hoping that it will not go beyond that, but it went like a crazy and I am still regretting on that so in future I will have more patience when it comes to selling them. |
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