I agree, almost everything can buy using bitcoin as long as it is legal in each country.
Bitcoin is already legal on my country but i cant buy everything because not all stores on our country do accept bitcoin . You cant also say that im going to shop online because even online , not all items are available for bitcoin purchase . Some uncommon and rare items can only be found offline and the shop might only accept fiat or common payment methods like credit cards . But with the situation of price of it on the market, it is doubtful to use it for purchasing but rather invest it to grow some more.
The price of bitcoin is not too high and its not really valueable at all . Its not bad to use some of your coins . Its only wise to hodl them if their value is pumping . |
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First of all i dont think that btc could hit 1m usd because i think that is too impossible and bitcoin could be struggling to hit that much .
if we look at the current value right now we can see that bitcoin itself is already struggling to recover but how much more if it reaches higher price ? Second of all , let say 1m usd is possible i think all bitcoin users are going to be millionaires but 1m usd wont stay for too long because alot of bitcoin hodlers will sold thier assets .
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Wow cool story . i didnt thought that a 61 yr old granny will going to be interested on bitcoin . mature people tend to ignore the latest trend and they foccus more on the outside world but maybe not all . btw this granny is cool but what i dont like is that why he steal some electricity just to mine a bitcoin ? If he cant afford mining then he must do other bitcoin jobs instead . poor granny .
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Work. Buying a little at a time every week. Which I was doing that a few months ago.
You don't need to do it every week. I mean you can time your purchase when the price of BTC is lower than the usual price. The price of BTC is so volatile that we don't really know what will happen in the near future. All we know is that it has a possibility of pumping and that is the thing that we are wanting to happen. We just buy on the dump and hold it until it pumps again, you don't need to worry there, holding and being patient in a long time is worth it. Why not ? If thats what he wants , i dont think you can do anything to stop him .thats his money and that his life . There is nothing wrong in buying every week because as i can see , the price is not really expensive enough . Infact the price seems to decrease a little bit more , which was good for investors that wants to hope in and hoard more coins . The guy might be impatient and he cant wait for the dip . Buying asap is beneficial because if you hodl your cash there is a tendency that you will spend it on other things . Better if you will only spend it on cryptos so that it will be more beneficial to you . |
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Silent? Because not all people here hear that there is a bull run ? Or you mean to say soft because the bull isnt that big enough . in my opinion there are many opportunities to benefit from the current market conditions, whether we are in the real bullrun or not, the most important thing is that we must be able to take advantage of the opportunities to benefit from the investments made, don't focus too much on bullrun, because you might lose the opportunity to benefit from the moment that is happening now
Only real skilled trader can take small benefit when the market is in dip because they can still trade . Other one is investors because an investor can buy at the dip but the rest are only depending on the bull run because this is the only way that they can sell their coins to earn a profit . |
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Now and then I offen see forks who I know to be new in the Cryptocurrency and Blockchain making reasonable profits in bounties as well has investment, is it really smart work or patience?
It is a job that needs both things to be mentioned, smart in buying or selling, needing to capture technical information and analysis. Next patience helps you not to ignore the feelings of yourself and fomo following the market Investing is too easy compare to bounty hunting . Id say investing is easy because there are too many legit reference of chosing a coin to invest . It doesnt need any in depth knowledge and you can blindly invest your capital on the coins that is popular ( bitcoin for example ) if you arent sure of other coins . While on the other hand , bounties need patience and really good knowledge because you need to understand if what their project is all about and you need to hunt for other details to see if they are legit or fake . |
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For stable coins, maybe only a few of them like USDT, USDC, USDG, TUSD, which I think will only have a slight effect on the movement of bitcoin and other altcoins.
Slight effect ? No i dont think so . Stable coins were also indemand because this was been used by traders and investors to keep/secure the value of their coins . Its either they buy more stable coins which causes the market to decrease or they will sell their stable coins resulting for the market to recover and increase . |
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The market is certainly manipulated by big players, and this is part of the game.
I doubt, however, that there is a player so big that he can manipulate all exchange data.
Be serious!
Whales can only manipulate the price of a certain coin or the whole market but datas and volumes are being manipulated by the owner of the exchange . They say that cmc is also manipulating their data's but some says that cmc is only synchronizing its data on other exchanges so cmc is not the real suspect here . Not all believes on the datas that they see online so this does not affect the price of cryptos too much but the price manipulation of whales do have a major impact on the coin or on the market . |
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There are actually a lot of ways to convert your crypto currencies to fiat currency that is paper cash. But, the best way would be making a peer to peer that is face to face deal with some one from your area. You will be saving a lot from transaction fee and other nuisance. Or if you are from the US, you can use coinbase. That's the easiest way for me  . Face to face transactions are always risky. If you check the Bitcoin Discussions sub-forum, you will be able to find threads from users who got scammed during such transactions. On top of the chance of getting scammed, you need to understand that your anonymity will also be under threat. I would never go with such transactions, even if I am getting a good premium. How can they got scammed if the transaction was done live ( face to face ? ) you can see the person that you are transacting with and you can check his cash or bitcoins if it was real or not . you can also get his personal information such as address and contact number so that if anything gone wrong , you can blotter him in the nearest police station but you cant do these things on online when trading with random people because they may use dummy accounts if ever they want to scam you . |
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The investor came into this field while the price increases only but we had lots of opportunity when the market condition is not good we all know the future of the cryptocurrency is definitely in positive way so investing on the bad condition also be the best and good opportunity for everyone.
But we must chose the best candidate for that because not all cryptos can recover once their value is in critical state . investing when the price is rising is not a bad idea and the reason why they do it is because they want to be sure that a coin is still alive before they invest while others that cant afford the price will only prefer to wait for the coins to drop so that they can get a bang for their buck . |
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besides being a bitcoin currency can also be used as an investment so bitcoin for everyone not just for newbies.
Of course everyone knows that bitcoin is not only for newbies but what the op trying to explain is that if its okay to teach bitcoin to newbies thesedays when the market is now cheap and id say yes it is . its always a good idea to teach someone to join the crypto world as early as possible because the real adoption have not yet started . that means that a newbie can learn and can collect enough bitcoins until the price skyrockets in the future |
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What was your previous job? If you're earning better now than the previous job that you had, I could say that you made the right choice but if you're earning better before then your choice was a risk. I have a friend who choice crypto over his office job and he's regretting it because the income here isn't stable due to the volatility of the market.
The income here might not be too stable but whenever the market pumps the profit that you will get is also times two or even times four when compare to any forms of jobs . ive witnessed alot of users who already abandoned thier previous jobs just because they want to foccus on crypto based jobs and i can see that they are now happy and contented . there also peeps that didnt quit their jobs but they only do crypto as a sideline job which was good so that they dont risk anything . |
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The current market situation is very unpredictable. Nobody can tell what would happen next. In my opinion, when you are dealing with crypto, you have to take some risk to gain high profits.
Not that much complicated but traders are having a great time in the current market conditions of Bitcoin after the price movement. The focus of traders is to sell their coins after a 1k dollar increase and they are doing so making profit but some traders are not doing that way. They are holding their coins to let the market shifts into a complete bull run as well as they are also looking to buy some more coins. For me,it's still best to hold more our coins because i think the market will not make a serious dropdown of price but only a continuous growth in the market.But if you think you can already make profits with the amount right now,then go sell your coins but don't forget to buy another coins because there are high chances now that this market will even reach high peaks in the months to come. I also notice that the bitcoin price wont drop hard anymore instead it only drops a little and then it recovers after several minutes or an hour .thats why i will also recomend others to continue hodling because this is a sign that bitcoins value would continue to increase and pump more in the upcoming days or weeks . Selling now is not advisable because the value isnt that high , you can make a profit but that isnt satisfying at all . So its still better if you can wait for more . |
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in my opinion, BTC is a currency that is not recognized by the world.
Its already recognized by most countries and btc is not just a currency but its also an asset . the meaning is BTC is only used as an asset for investment and trade. very sad
Not really . Most people uses thier btc only for an asset use while there are some that uses thier btc for payment and buying . You dont need to feel sad because thats only normal and infact that was the reason on why btc prices rises the most . BTC progress is very good. but the public doesn't care about BTC and other crypto. in the future, I hope the world will accept BTC as a legal transaction tool and become a legal currency.
Indeed , btc is improving but it cant improved if people didnt care about it . Btc is accepted as s legal transaction tool only for those country that accept and legalize it . |
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Its true, i think even if too much expensive when you mine you will also earn profit. But now you focus first for the price and wait the best time to mine. Because of its price is just recovering yet, So in the next years maybe it can recover and many people will mine bitcoin again. Mining is totally different from buying/investing where you dont wait for the price to recover before you can decide to mine because in mining you can mine anytime and its not the price that you should be concerned the most but it should be the electric cost , mining hardware/software , and other stuffs related to mining . also , its not about the price that op is refering to that can recover but its the state of mining . |
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Taking profit is absolutely common thing
No meyt its not a common thing because the price of cryptos dont oftenly increase and pump . Whats common for crypto users is that they only hodl . when you think you hit your target then you can cash out to enjoy the result,
Cashing out quickly and cashing out all what you got isnt really a good idea because what if the price continues to increase more ? If you can earn more , you can also enjoy more holding or buying bitcoin for now is for long term, because the price already a bit high so it might be risky to try to make profit from the dip
Bitcoin is for both long and short term . Only skilled users can possibly profit from the dip , so if your not one of them , its better if youl wait for a while . |
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Before buying a coin you better monitor the crypto market price.
Thats a golden rule for those who are short term investors but for those who who are long term investors , there is no need to check the price before you buy as long as you have faith and you believe on the coin that you are going to invest . I hope you will buy the coin when the condition is bleeding.
Thats a good idea to buy the coins at the dip but not all are patient enough to wait for the coins value to go down . This leads for them to buy coins at highs but that is okay as long as they have the guts to hodl for a longer time . $100 to generate profit is pretty good.
100 usd is already big to some but its not bad amount to start with . You can surely earn some nice profits as soon as chose a nice set of coins . |
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I think the main purpose of bitcoin is for currencies
Yes that is the main purpose of bitcoin but bitcoin is mistakenly use as an asset by most users . They dont spend their bitcoins regularly because they think its valueable and they can benefit more if they hodl it for a longer time . many governments forbid it because the system cannot be controlled.
Not really . If we take a look at the status of bitcoin , bitcoin itself is already widely accepted by most countries and that also means that alot of governments are now legalizing the use of it . They knew that bitcoin is not controllable but they also knew its benefits that it could improve a persons life and the economy as well . |
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Of if only he knew what he would be capable of achieving with 10,000 Bitcoins  Sad guy's fate, i wonder what price would be by now if would be willing to exchange those during current times  Nevertheless we should all learn from these mistakes and prepare ourselves for what price is coming next  The truth is that you wont also know that the price of bitcoin will skyrocket if you are in his position because bitcoins back then is not really that important and have only a little to less value when compared to the latter years but let say that he still have those 10k bitcoins , i think he is now a multi billionaire stud . Like what you said , this should be a lesson to him and also to all of us that we should not be hasty in life especially on bitcoin and cryptocurrencies becuse we now know the true worth of cryptos . |
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The price you mentioned is surpassed of 7k and it will continuous to grow.
the price did passed 7k but we wont know if how high the price can reach . As of now btc price is falling again . Hopefully the price in the market will be continue because I'd the price drop again people will be panic and sold what they.
Not all will sold and not all will panic because not all are weak handed, only noobs that have a lack of patience and knowledge are the ones that may do it . strong handed one's will still prefer to hodl to matter what happens with the price of bitcoin . Always observe the market before decide anything that may cause regrets.
Thats right . We must pause for a while and think if our decision is good because once we do mistake we cannot reveserse it anymore . |
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