I don't think that Bitcoin can make banks disappear. Because in my country there are more to be educated about the internet let alone Bitcoin. So am sure Banks won't disappear but Bitcoin is here to stay.   Neither banks nor bitcoin will disappear in future as both are the long term players and banks has already proved its power since it exists since long time and it also has large number of users bitcoins is comparatively new but will gain more popularity and users as time passes by. Both bitcoin and banks will coexist with each other. Due to the growing popularity of bitcoin, banks now will start to accept bitcoin in order for the two to help each other. Banks cannot make bitcoin disappear because it is decentralized in nature and the same way, bitcoin cannot make banks disappear because banks are supported by the government. Since they cannot make each other disappear, the good possible way to make the coexist is to help each other. This way, bitcoin will be as powerful as the banks nowadays. Banks may adopt blockchain technology in future but its very hard to believe that banks will shake hands with bitcoin in future as bitcoin is the toughest competitor for the banks so I don't think that banks will support bitcoins in future. |
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... ? Mind elaborating? I'm having a hard time trying to understand your question.
I think he is trying to say that what positive results you have got from bitcoin so far? As he is earning bitcoins which he is using in shopping, paying bills, school fees etc so he is trying to know where we are using our bitcoins I guess. |
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The best way for me has been trading,doubled my stack of bitcoins during 3 months of the past year and for the past 20 days already up more than 50% so I must say trading is treating me very well.�  You made trading sound so easy if a newbie would see he would just trade without any background knowledge and the doubling of your bitcoins is purely your experiences and your ability to lose. I just wonder how much time did it actually take you to actually trade in the most profitable way. Trading requires knowledge on market price that's it. If you are newbie or experience no matter, you can trade and make money. And Bitcoin and altcoin trading are the good business to improve your bankroll. The bitcoin price is also supporting traders to make money in trading. Other than this Investing is another method to make� Bitcoin. I don't think it is like this anymore and i have felt that trading isn't for newbies is just nothing but a myth. Personally when i started i didn't know anything about trading so i simply checked ripple stats and went all in as it didn't get a price change from long time and the price increased. We just have to see the pattern in coinmarket and go all in on the top 5 coins which haven't been pumped till now. Yes even newbie can start with trading if he understands how trading works and he can be good in analyzing the charts and price movements so its nothing that a newbie cannot make profits from trading as everyone has their own talents. If a person understand how trading works and be able to analyze charts, he is not a newbie in that field anymore. Anyway, I think it depends on the person's skill and knowledge on where one can get the best source of bitcoin. For a person with lots of hashing power, mining is the best way for him, a skilled trader will be trading and a seasoned gambler is from gambling. A writer's source is from blogging and a marketer is thru marketing. Yes it will depend on the skills of a person if he is a good gambler then he will prefer to earn only from gambling even if he loose he will continue to gamble and will not prefer to go for trading as he don't have any knowledge of trading. |
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As already said bitcoin is already a good investment, but i believe the op wanna to invest the btc into others ways to get more bitcoins, casino bankrolls and few altcoins might be a good investment, outside those you will have to start your project, but be sure competition is very strong at the moment.
Investing in casino bankrolls is a good choice but to make good profits from it you also be ready with good capital to invest and before investing you need to do good research about it as there are many scam sites that will disappear in future without paying you anything. |
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Bitcoin is number one crypto currency at a moment but it doesn't promise us that it will maintain the same position even in future as if it fails to benefit its users and if users finds some other currency then bitcoin will loose all its fame and its position and will fall back.
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Am not sure you will get a correct answer here because no one would love to share his/her account holding.
That's correct no one will take risk of telling the world what exactly amount of bitcoins they are holding in their wallet and everyone will love to keep it secret as no one wants to loose their hard earned coins to the hands of the scammers. |
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I would enjoy the success of bitcoins and may be I would try to invent some more better currency then bitcoins which has no loopholes or whose transactions can get confirmed instantly without any involvement of fees.
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I don't use my bitcoins daily in real world as I think saving them at a moment is the right decision but I keep on trying to multiply them by spending them on trading and gambling sites as it helps me in growing my coins and apart from that I don't think its worth to spend them on useless things.
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Japan and Philippines are two major countries that have supported bitcoins and apart from that I think Singapore is a country where bitcoin is very much popular as there are many restaurants and cafes that accepts bitcoins as a mode of payment.
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If you want to get into trading anyhow then any time is the better time for trading and if you keep on thinking when to enter then you will never find the perfect time to start so if you are mentally prepared for trading then you can start it any time.
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Online investments are really risky and scammy so cannot afford to trust those sites and still you are looking to invest it online then you can invest in different altcoins that has good reputation and higher volume and you can sell them when price goes higher.
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Hi Folks! Who do you think is profitable Trading bitcoins for other payment method or mining them Everybody feel free to reply you're free As a traders I think we make more profit than miner's. Bitcoin has been increased in values since the inception and traders make profit either the price of bitcoin is going up or felling. And because of the fluctuations in bitcoin price traders especially professional make profit every days. Though trading is very risky compared to mining the reward worth it. Trading is risky in primary stage but after spending enough time you get used to it and you can easily predict what can be the next movement and you will buy or sell accordingly and I think trading is the best way to grow your coins in quick time. In fact, trading or mining is equally lucrative, of course with a large capital. But I agree with you if we are a professional Trader, able to master all market analysis with all information from the various news and reading charts Market, it's will be great way to grow our Bitcoin than mining. Mining has now become an costly affair as it involves capital for buying equipment and also needs cheaper electricity cost or else it won't give you desired results and that is the reason now people are more moving towards trading to grow their bitcoins. Also as time passes is that mining is going to become less profitable as the block reward keep getting halved and with that mining is going to become more difficult especially from the economic point of view so it is better to trade than to mine at this moment. Yes at a moment trading is a better option in compare to mining as you can start trading even with a small amount and not huge capital is required like mining so start trading with a good capital and you will be making good profits out of it. |
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Earning 1 btc in one month is not at all easy and you need to really be expert in what you are doing and that is possible with trading but you should have a good knowledge and skills require in trading or else you will only make loss in it.
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0 1 btc is a good amount to start but keep in mind that if you want to earn you should take risk. Trading is the best way for me but like other said it's very risky but if you think you can take the risk.then go for it
Yeah its worth to take risk in trading and that risk can be reduced if you learn the entire process of trading and then enter into it and even if you make loss at initial stage you should not worry as it will give you good learning experience. |
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There are people who spend bitcoins at stores or at gambling sites but I never do that. I only use Bitcoin to save my money and to make some extra money at the same time.
Yeah. Actually most of us here are only earning bitcoin for fun. Me as well. But some are earning as a dayjob already. And yeah, most of us is spending bitcoin at gambling sites because it makes us fun and happy. If you have good stable job with good pay then you can afford to spend your bitcoins on gambling for fun purposes as even if you loose you have a back up in terms of your salary but it would be good if you try to save bitcoins instead of wasting them on gambling. |
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I would like to know if anyone of you earns 0.1 BTC per week or even more? Is this possible and what is best way to earn it? Your experiences, suggestions and advices are very welcomed.
It's very easy if you will dedicated yourself to work fulltime in bitcoin, for me the first way is signature campaign and then the trading because I think almost all of bitcoin user are go to trading and that is good way to make money but sometimes there's a loss in trading. Its big risk to get full time in bitcoins and depend only on it for living and if you are earning a living from trading then it will be very risky as you cannot expect to make profits every time and if it gives you a loss then you will be having no income and it won't take care of your basic expenses. |
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I came to know about bitcoins last year when I was looking for some ways to earn money online as I was unemployed and was looking for some source of income and then I came to know about this forum so started to earn bitcoins in different ways.
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Every person needs money. People only help those who really in their opinion needs. Very often it happens that those who ask for money are better than those from whom they ask for help.
people will help if they get a profit, that's what happens in the world today. I doubt people will help you and lend you the money freely without interest If you are borrowing from your friends or family then I don't think they will charge interest from you and will lend you money without any interest so in that case you need to make sure that you don't break their trust and pay them back on time. |
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Why do people keep saying BTC is dead?!
Because they don't know what they're talking about. Those people are just handing their bitcoins to someone else who deserves them more. Because of them are poor in knowledge about bitcoin. Or maybe some are not really open minded unto it, or it can be one of their strategy to give panic to the community to sell their coins to make bitcoin value will downfall at once. Those are the people who have made huge loss in the past by investing their bitcoins at wrong place and now they are blaming bitcoins for that and they are busy in spreading the negative news about bitcoins and trying to divert the minds of other people but I don't think it will work. I think this is not the case why people say Bitcoin is dead. Lots of people had exit when Bitcoin Hit $500 they think it will not go up to what it is right now so they sold all their holdings. Then they see that their decision is wrong and want to join in but it somehow hard for them to accumulate the once number of Bitcoin they have so they come into playing dirty into confusing early investor that Bitcoin gonna crash and hoping that these novice people sell their BTC at a lost to their waiting Buy order. It is just a strategy to get Bitcoin at a cheaper price. I think many bitcoin users leave bitcoin when the price stay at $200 and they have a think bitcoin can dead but after that's the price keep up even sometimes down but mostly the price keeping ups till reach $1000. If you have faith in bitcoins and if you will hold your coins for the long term then it will give you only positive results as price will be much higher in coming years and if you don't have patience then bitcoin is the not the right place for you to make money. |
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i think the kids will learn about bitcoin in the same way as they learn about fiat so if we teach that bitcoin is also a currency and is working the same as fiat and teach them about the use of bitcoin in different places then they will star to use bitcoin as they are using fiat
they would understand just about bitcoin like fiat, if you tell them more about how bitcoin or on rate fluctuations or something, they will not know about it I don't think that kids will be interested in knowing bitcoins at that early age as those are the days to have fun and entertainment so if we try to explain them about bitcoins then they will surely find it complicated and will not be interested in using it. |
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