Quiting my job for what?
Working for a bitcoin related company. Sure yes I wou.d
But quiting my job and hope I can make a living with bitcoin by trading or speculation?
Well there is no need to quit my job for that, when i can do it just now.
Yeah earning from both the things is the smart thing do as we cannot afford to leave our full time job for something which we are not sure where it gonna stand in future. To make solid gains as a trader, besides luck and hopefully insider knowledge.. you are going to need a ton of time of monitoring charts, and all that time is simply not available to you if you are working. So it's a tricky situation where you must risk going full time to see if you can actually do it fulltime. I think it's a bad idea, I don't know a single person that makes a solid living out of Bitcoin trading to be honest. Okay, that sounds like unwanted stress for someone to go through lol. Just to make and break a profit is a bit discouraging.. id rather just sell something off ebay. |
|
|
|
Well the only thing i know is that btcjam loans arent safe even with several things news they had implemented the scammers keep on there ,and everywhere,i like more to lend here as i can sell the colateral if the used default.
I think the only best form is to set your microloans here on the forum. Based on your collateral set in place on your own terms, with limited lending amounts. |
|
|
|
If you buy 1 bitcoin today i think you will get benefices in 5-10 years  You`d still have to make up for the quantity of your holdings rather then relying on the value alone. The value alone can only do so much for you.. lol. |
|
|
|
Simply because it seems like a good investment. I like to fable in alot of things, like bitgold, Oil, LISK and TRUMPcoin  Bitcoin is the base for many apps nowadays. And that can only mean good things. What the heck is trumpcoin? Seriously all these altcoin names just makes me laugh at the purpose of any of what they really serve.. and confuse newbies to invest. |
|
|
|
If bitcoin reaches to $10k in next 20 years then I think 100 bitcoins can take care of me very easily, but its always good to hold more.
I think most of us would be comfortable if those prices reach. You`d be a instant millionaire overnight of the painstaking wait over 20 years lol. Which still beats winning the lottery lol. |
|
|
|
Try to earn more and spend less, do not spend on unwanted things, just spend on basic necessities and that will help you in saving your money.
I do agree thats the best step. But, the tendency to break the habit of spending less is harder for most people. Esp if they are used to spending a daily coffee at starbucks or something in their routine. |
|
|
|
Overall I think investing in the bitcoin is much better because there is a good chance that the bitcoin is gonna rise this year with large numbers.
This will rise because of the halving, so investing is good, although its unpredictable what is really gonna happen it will most likely rise.
Right you should have to wait a few months more to be benefitted with bitcoin price increase, Halving will occur in the mid of July in this year and will have a good effect on the price of bitcoin. At this time we all, the users of bitcoin, are investing our money in bitcoin and are waiting for the increase of its price. You also invest, it is a better chance to earn for free, Invest, wait and get profit. Not all lol. But I get what you mean though. Some people had been collecting the outdated miners and been mining then buying really. Imagine the thought of high $800`s gets me excited. |
|
|
|
Selling at this price is a good decision if the user is in need. Else holding till halving makes him happy with upcoming price. At least $500 will be reached on halving from most speculations.
I guess now is the wrong time to sell everything. resist until the price reaches $ 500 or more. because it will happen soon, and when that happens you'll probably regret selling it all now, that you have to do is be patient Yeah if selling has to be done when price reaches $500 every one needs to wait for few more months. Yes. I think the price will be below $500 for the next few months before the halving. Then it will reach above $500. Exactly the price will continue to be below $500 on the coming months. As price has not increased much, everyone is expecting to reach at least $450 which is far better than sitting around $410-$420 for a long time. Yeah I think it will take time to reach $450 may be we will see that price before halving, but right now I don't think that it will move up in next couple of weeks. Like any price predictions, anything can happen before the halving..like we are seeing with the slow climb. So if anything we should still keep seeing small price growth before. Yes price is rising slowly at a moment and I think that is a good sign, we don't want that it should fall back suddenly but even a slow growth is a good news for the users. Any type of growth is better then no growth at all lol. So yeah, new users can see how it was back when we did hit those prices, and get excited all over again. |
|
|
|
Make sure to get organize. Organize your money and life.
Note what comes in and put a list of spendings. First of all make sure to put the weekly/monthly expenditures first so you know how much money you need for living.
The get the balances for your clothing and extra's right.
I think its better to look at whats the biggest purchases anyone can make in their life time - which is a car, or a house. And then after that what things can be avoided to purchase brand new like clothing etc. Theres sites now that offer a monthly package for a fair price which would cost less then buying outright at a retail store. |
|
|
|
Just like ordinary currency, you need to make some effort if you want to earn some profit with bitcoin.
Maybe you can start by spending about 10% of your monthly salary and start build some site that sell your goods or sell your service. As people interest on your project, they will contact you anytime
That's a quite nice idea if someone has the income for starting, and it would be great if the person himself knows web designing or making websites then he can save some of his money, he should make his website his own and start working on it, he should make his own concept if what he should do on his website that should attract more and more people towards it, after his website gets some success then he will be earning a good profit. yes it is better for people who has more idea in programming aspects, there are more options for them to earn money. But those with no programming knowledge can start to trade. First it will be risky. If you got more experienced you can be a expertise and can earn more money. Those skills limits to a few people on this forum. But I pretty much focus on buying stuff cheap at a target when it has certain promo sales going on, then re-selling it on ebay then finally buying bitcoin. |
|
|
|
Will you buy for 1 mln if dollar will enter in hyperinflation than 1btc will be 1mln but dollar will be worth nothing
If its like that due to hyperinflation. You just answered your own statment lol. no one in the right mind would buy into thats worthless. |
|
|
|
Some optimistic calculation tells that someday much more people will want to own BTC. Since the quantity of all bitcoin "in the world" ever is not great, the price should rise.
Too optimistic? Time will tell.
Very true. In world till 2145 bitcoin mining will work and till that time 21 billion bitcoins will be generated. After finishing all blocks there will be just interaction and exchange of bitcoins. So in that case value of bitcoin and some other cryptocurrency will be higher. That amount cannot predict now. But as per my opinion it will goes up to $10000+. Your calculation and the realistic growth will not be the same. Bitcoin gets a long history when it touches the year 2145, but that long history and increased adoption won't pave path for a increase as you have suggested as $10000+. By that time realistically I`d be buried in the ground. Shit, I probably wont even see the $1k value mark and I`ll be lucky to see it since anything can happen to me before it. |
|
|
|
There a lot of issues right now with bitcoin and it needs to be fixed before the halving comes,just like the slow confirmation that is happening.
slow confirmation because of the low fee transaction. and maybe bitcoin will be down next month because of the low fee trans  slow confirmation time is only because the fee of that tx id wasnt enough. but eventually what youre talking about is similar how paypal has low fees to do the same thing, which would be the hard task for bitcoin. kinda confused how the value of tx id prices would work out. |
|
|
|
Selling at this price is a good decision if the user is in need. Else holding till halving makes him happy with upcoming price. At least $500 will be reached on halving from most speculations.
I guess now is the wrong time to sell everything. resist until the price reaches $ 500 or more. because it will happen soon, and when that happens you'll probably regret selling it all now, that you have to do is be patient Yeah if selling has to be done when price reaches $500 every one needs to wait for few more months. Yes. I think the price will be below $500 for the next few months before the halving. Then it will reach above $500. Exactly the price will continue to be below $500 on the coming months. As price has not increased much, everyone is expecting to reach at least $450 which is far better than sitting around $410-$420 for a long time. Yeah I think it will take time to reach $450 may be we will see that price before halving, but right now I don't think that it will move up in next couple of weeks. Like any price predictions, anything can happen before the halving..like we are seeing with the slow climb. So if anything we should still keep seeing small price growth before. |
|
|
|
Most loans are for gambling so you might as well flip a coin when it comes to getting paid. The only redemption is you can often sell the bitcoin account for more than the loan.
Some and very few can be legit purposes. But yeah the overwhelming majority are used for gambling, with their covered stories for saying its for mining or whatever. Then they just bail on their account. |
|
|
|
We will see $200 and below and not once in the future, mark my words.
That could be right. The cost of mining for large miners are more than $200 if you include all the costs. I think we wont be seeing that price again even if miners quit there will be new miners that will take advantage of that because when a miner quit the difficulty will be adjusted. The only time if we were to sell those low #`s again would be a tragic event to reoccur. Similar back in 2012-13 when mt.gox situation, so it would mean a major exchange was manipulating a price. So if bitstamp or someone else big were to do the same thing we would. |
|
|
|
No one differentiates between "lost" coins and "idle" coins. All that matters to the Bitcoin price is the number of coins for sale and the number of coins being bought at any given time (supply and demand). Whether the coins are lost or idle, they are similarly not part of the coins that are for sale (not part of supply) and are similarly not having an effect on the price.
There is a huge difference between "idle" and "lost" coins. Most of my coins are idle. They do not form part of the supply. However, if the price of bitcoins crosses $2,000 all my bitcoins will enter the market. Lost coins will not enter the market, irrespective of the price of bitcoin. To be honest everything will be on the table if it reaches $1k lol. I know most of us will settle the 1st 1k dream lol. I think this will be the huge sell off point for most before your price comes. The first $1k dream realised two and half years ago. But that was not sustainable. I think this time, the $1k is sustainable. Last time it crossed $1000 but not sustained for a long time. In the same way this time the price might reach around $800 which too will not sustain for a long time. Yeah with a sudden high price in bitcoin it will not last long as what happen in the past,we will just see about 500-600 in bitcoin price. The # available shouldnt just soley go based on price though. If 1 whale were to buy in a bulk order, that doesnt mean anything. Its the tecnical # of block reward you should look at more then anything else. |
|
|
|
Gamblers are the type who would do the most posting (especially when they get themselves into debt they generally start trying to scam others via Ponzi's and the like).
There is another whole side to the Bitcoin user-base which seemingly you know nothing of but I'm not really worried if you only want to pay attention to the gamblers (if you want to refer to the others as the "elite" then fine you are welcome to refer to me as an "elitist" then).
Well to be fair, most of us probably have gambled at one point on some of these sites. Just not with a serious addiction. And they will do almost anything to get some bitcoin to intially play again at the same site they lost at. Theres a bunch of those ponzis in the so called investment section that are run by the same operators. |
|
|
|
Actually it's easy to save money. And you can seperate your money too. I mean if you are a gambler, you can sepereate your money, 1 wallet for gambling and 1 wallet for save your money.
create a wallet with their respective functions such as wallets for gambling, wallet for shopping and so on. maybe it sounds good, but it seems to be making quite complicated in confectionery and use I prefer to save in one bitcoin wallet only The problem with that is some people dont have self control for gambling. So labeling something for each wallet is great organizing skills, but if they remotely have an addiction then its game over since they will move that bitcoin to win back the loss on gambling. Trust me, I seen people do horrible crap enough to get more money to play so its not any different. |
|
|
|
countless people got rich from and then poor from the dotcom bubble semi-recently. look at prices now compared to the peak of the tech bubble. and how could any given btc price make it too expensive to be able to afford? maybe you could still afford some mBTC?
so are you saying we are going through a same phase with bitcoin? I mean one can argue its very similar, but the difference is the trillion dollar deficit in america makes this situation unique no? |
|
|
|
|
Show Posts
