I think more and more people are finding out about bitcoin. Perhaps one of the greatest influence that affects people's awareness is social media. A lot of people are finding out how bitcoin works and feel the necessity of investing or getting involve in any bitcoin activities. This may be the reason why bitcoin's demand is increasing. No doubt that social media play an important role in making bitcoin more popular and convincing people to invest their money in bitcoin. But we have to accept that fact that bitcoin has already giving a good profit to people and still people are too much confident about bitcoin investment and that is the reasin that still people are interested to invest their money in bitcoin and do not lose a chance of making money from bitcoin investment. |
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Seems on the markets at present time BTC has come down. your thoughts on this and why you think it happened?
Do you think it will go back up? if BTC goes down way lower would it be wise to buy more into it
Yes, true, the price of Bitcoin has dropped a bit, but it is not the first time this happen, and it will not be the last, in my understanding, this is natural. The cause of this fall in price may be the increase in the price of BCH, or perhaps it may be because some big investor has made a sale, much speculation about it. Of course the price will go up again, about that, there is nothing to worry about (that's what I think) That is a little fluctuation in the price of bitcoin that happen every time, i am hopeful that the price will once again reach to 19000$ in next few hours. |
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Gold is a good option for long-term investment. But it's not as easy to sell as another currency or bitcoin. Cryptocurrency can be sold instantly, but its high volatility is a significant disadvantage.
I don't agree that Gold is good to invest in long term ( i'm arguing your opinion ) but for me i choose gold for my investment because if you can see the value or price is higher than gold, so if you invest that you can gain more profit frome it. Anyways, i agree in bitcoin you can instantly sold out or sell your bitcoin rather than gold. I think for long term investment it does not mean to hold bitcoin decades, from long term investment it means to hold bitcoin for 3 to 4 years, and i think the next few years will hopefully be the best time for investment in bitcoin. Because still bitcoin is in beginning stage and still a lot of people have to invest money in bitcoin therefore its price will continue increasing for next few years. |
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I think holding bitcoin and gold is profitable and indeed it is, always try to diversify your portfolio and invest on something blue is your starter,
Both are good choices if you have plenty of money to invest but if you have limited investment and want some good profit in return, then obviously bitcoin outstands gold because of its volatile nature. Gold is very much stable and it provides profit not much often rather you need to wait too much from selling gold at high prices whereas bitcoin is often pumping and dumping, providing you with opportunities of selling it for profit. Yes that is right, but i think if we compare the two then my first choice will be bitcoin, because as compare to gold bitcoin has more potential and its price is expected to increase more. The profit that we can get from bitcoin so soon is not possible from gold, gold is good only for holding and saving your assets in a safe place, but still as you have too keep your gold in physical mood therefore there are always chances that one will may steel the gold from you, while no one can reach to your online wallet so easily. |
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I think it is a good thing. volatility creates opportunity for traders. It creates an opportunity to make more profits
that is right, with the volatility, we can try to buy when the price is down and then we can sell it if the price is up. I am sure that many people use this opportunity to earn more profits and I think they do not only want 10% of the profit but they want more profits. but be careful, don't make a wrong decision when you want to buy bitcoin and make sure you can determine the price before you buy bitcoin. The traders are taking more interest in bitcoin because of the volatility of bitcoin price. In fact the traders always wishing to buy bitcoin in a low price and when ever the market take a correction they try to buy bitcoin in low price and then hold it for some time so that they can get some good profit from bitcoin investment, therefore i think that volatility in the price of bitcoin is a good thing. |
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I believe that the initial purpose of crypto is to create a digital currency for making transactions quick and easy. However, in reality it has become an asset which everybody is buying and holding. Continuing doing like this will destroy the initial purpose of the coin?
What is your opinion?
I think its both we could say its an asset because we can use it in our payment method or we can have an extra income here in bitcoin.We could say its an asset because its like a gold that cannot be depreciated we can invest it to make it more profitable,but I believe the crypto is asset because we are buying and at the same time holds for the possibility of increasing the value. But if we use the word crypto, most people, they know it is a digital currency that speeds up the transaction when it comes to money.. It was basically a currency but people find it as investment and make it an investment coin and which is also permissible here and people are making money from it and it can be both the both modes are beneficial currency mode is not that much beneficial because of small acceptance if bitcoin as payment in online outlets and sooner the currency use will be started at large scale and that will give more rise to the prices. Yes that is right that bitcoin is created as currency but as by holding it can really give ua s good profit, even if we hold it for some time it can give us a good profit. |
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And since you are bitcoin users/experts,
Bitcoin users? Yes. Experts? I doubt it. Yeah there are still some that remains but this forum used to be filled with members that are experts in bitcoin but things have changed. This forum now is mostly filled ICOs shitcoins, spammers and scammers. But yes, you came to the right place to ask that survey. All of us here have used bitcoin somehow and all of us here must have a reason why we chose to do that. I choose to invest in Bitcoin because this is the mother of all crypto currencies. The price is keep on increasing from early this year until now. The volume of capital invested is huge and the demands of investors are keep on rising because they believe in the performance of Bitcoin. I've seen a lot of people have earned so much as they've invested to Bitcoin. Moreover, it helps us to make our lives easier and better like bills payment thru online using Bitcoin as payment. So invest now and you will see how much you will earn in the future. So many reasons are for choosing bitcoin. I think the first reason is that in present time bitcoin is the best investment from where one can even get more profit than any day investment. Bitcoin is the new trend of online currency and specially the young people are more interested in bitcoin to invest their money there. The seccond reason is the bitcoin is a safe in vested i have invested a good amount of money in bitcoin but i am too much confident about my investment and hoep that it will give me a good return. |
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It depends on many things. Many low priced coins are there in the market with big potential of rise such as XVG, RDD, DGB. If you hold these coins for some time, you can get good earnings as xvg is already start rising and others are ready.
Number of best coins there, by investing money there one can get a good profit, but it is not so easy to always correct the right place for investment, to identify the best place for investment and choose such coin which have good potential and its price can increase too much one need to have good study about crypto market. |
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i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Not all people believe in bitcoin, they will choose banks to store their money. Other thinks bitcoin was scam and not legit. It is free will to judge somebody or anything so we can't do anything about. Most of the keep listening to their bankers that's why they choose to save their money at the banks, and also the banking systems has been there for more than centuries and its hard to trust something that came only a couple of years and making people rich over time. I don't agree with the idea asked in the topic. Bitcoin is not the competitor of the banks, bitcoin is the competitor of all the investment methods in the world. That's it and we should agree with it soon, without losing more time. Currently its look like so but in future when banks will also accept bitcoin as legal currency the we can expect that banks will also start accepting bitcoin and epeople will be using bitcoin for transaction through banks. i am hopeful that it will happen very soon, because most of the governments are now thinking about to convert bitcoin as legal currency. Because bitcoin is the future of all the currencies and in moder time we are expecting that all the people will be giving more preference to online currencies. |
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Bitcoin is on top already of all the cryptocurrencies and that what makes it famous. It's the main stream of the main event. Bitcoin started it all. All people who loves cryptocurrencies will never forget where all that started. Even if Bitcoin will be gone the will still remember it because that's the bases of all. So now it become more famous because of it's value. The more the people love and talked about it the more it spread the news. That makes him more famous and will be more famous in the future if it will break its own record price.
Bitcoin will remain as famous for ever. Bitcoin is the new emerged currency. In future i am sure that bitcoin will remain as popular because still a lot of people are entering in the world of bitcoin and making bitcoin as more popular. In fact bitcoin has already given a good profit to people hopefully will also give more profit to people in future therefore bitcoin will hopefully become more popular. |
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yeap i thik that too because of the sudden market influence.But i think it is natural if you see the price telegraph.So nothing new if you have discovered, of course that corrections will happen.some time it ups and some time it will down  We have already experienced so many correction in previous time, and still in future we are expecting correction because some people will be trying to sell their bitcoin and get the profit. They will be then waiting for the price to decrease so that they can buy bitcoin again in low price. But i think it will be a wise decision if we hold bitcoin for some more time because bitcoin price even after taking correction will continue increasing its price, therefore i do not think that it is still time to sell your bitcoin. |
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Well, what i am sure of is that back then, the most common reasons of people why they jumoed into bitcoin is the extent of anonymity that it could bring to its users. Which was thought back then by most of the people to be a full anonymity. This alone benefits everyome tired of the current outdated system of the world, the ones that have illegal businesses tofether with its supporters and lastly are the ones that saw it as something cool and wanted to be early adopters of the new trend. And in later years more people went in with the same reason, but then some had seen potential for profit, then slowly bitcoin has become the greatest amd biggest gamble of the greedy. Which is why we reached this price today that should have been a phenomenon for the next few years. Now, if this continues, amd the lightning network fails to deliver, then i am quite sure that this might cause Bitcoin to crash due to whales taking profits and transferring to more capable currencies. This will be a domino effect that will rob every small investor of all their profits and capitals. These arey thoughts. But i wish this does not happen. But to me i think the profit that bitcoin has already given to people is also an important reason for convincing people to jump into bitcoin. Bitcoin is the new emerging currency and people specially the young generation are taking more interest in bitcoin which is also responsible for the increasing number of bitcoin users, hope that the increasing in the number of bitcoin users will continue because still a very little number of people know about bitcoin. |
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Hey guys,
In order to benefit, will I have to cash out bitcoin when it gets high? That would mean i would have to sell it for dollar or other currency.
When i am buying online with coin, if it says the shirt is for $25, will they calculate how much $25 is worth in BTC at the current market rate or
how much it originally started with? If its at the current market rate, then whats the point of bitcoin if i am not profitting?
The trick is for the long run. Imagine if you managed to get in an held btcs from last year? Your investments would've been almost 10 times its original value. For me, if you really nees it, then withdraw what you need and keep everything where they are Still it will be a good decision if we can hold our bitcoin. No doubt that people have got more than 10 time profit as compare to the origional value of bitcoin but i think that still it can give us a good profit if we will mange to hold our bitcoin for some more time. Because bitcoin still has the potential and its price will continue increasing for a long time and even those people who will invest money in bitcoin right now they will also get a good profit after some time. Therefore i think holding bitcoin will be a good decision in present time. |
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yeah blockchain.info takes way too much fee to send btc. also they take again so much fee to convert btc to eth. i have some small amount in there but i cant transfer to any exchance sites because of high fee.
That is really effecting the image of bitcoin. Actually people find it har to use bitcoin for small purchasing because some time the cast price is less than the transaction fee which in fact make people dishearted, Specially purchasing daily use items. The increasing transaction compel people to convert their bitcoin in to local currency and then use it for purchasing their daily needs, i think the transaction fee should be reasonable so that people can easily accord even for purchasing small items. |
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Lucky for those fellas who had started early investing in bitcoins. But for as newcomers I think it is still never late, everyday price of bitcoin still going up.
As soon as you can afford the money to invest into bitcoin, i think you should just do it and wait for the future when i am very sure that the value is going to rise over a period of years. Waiting for the low price mean wasting time and opportunity. I think still it is good to invest money in bitcoin, because still bitcoin is trading in its very initial state adn there are still good opportunities to make money from bitcoin. I am hopeful that bitcoin will continue increasing its price for a long long time. Therefore still people have the chances to invest money in bitcoin and make their positions more strong. |
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If you have enough fund to invest in cryptocurrency, you should go for the both of them, ETH and Bitcoin, they are the most promising and established coin in the market surviving the harsh environment of trading and issues, Bitcoin has a heated increase these days but don't be too excited as you will end up as FOMO be wise with buying btc as the risk of getting low is always there, it may also increase in the future so the best game is holding bitcoin, then go for eth who have a variety of features which the btc doesn't have.
Bitcoin is price is too much high and i think it is now becoming difficult for the small trader to invest and buy some good amount of money, but on other side Etheirum also have good potential and its price is still trading in low position, that is why even a small trader can purchase a good amount of eterium for trading and investment. |
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I was wondering what's minimum / ideal amount of BTC or ETH I should have in order to start trading activity
If you have any idea or just want to share your first experience in crypto trading, feel free to write them bolow
For every trade you must set an acceptable target level to bringing benefit Furthermore more importantly, Also set stop-loss level to cutting misfortunes. A Stop-loss may be setting the level for passing the place the trade will get stop. Here again, it will be important acknowledging a number of factors The point when picking An prevent reduction level effectively. i suggest to start with as low as 10$ 10$? I'm not sure if that still survive as fee will eat that right away maybe 100-1000$ will do when you are really aiming to have a decent earnings. you just needed to always set your target goal and have plan b so just in case your first plan went bad then you have corresponding alternative after. Yeah as you said $10 not enough to start because fee will eat that $10 so I think 0.01 BTC is atleast required to start trading.But if we have more investment then we no need to pay the fee often so we can save extra amount. Before start trading learn basics of trading and choose your own style.I think trading with bitcoins is more profitable than ethereum so you just start with bitcoin and add some altcoins later with your trading. For trading it is necessary to have a good amount of money, because with good amount of money you have the opportunities to make money with. While having little amount of money it is always risky to lose all the money in a short period of time. I think that the minimum amount of money for trading is 0.1 bitcoin from which you can buy some decent amount of altcoins. |
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The answer is it cannot be. Because there would be no one who will verify the transactions. The block chain technology is only possible through the internet.
There is surely no way at least for now which is why fiats will always still be able to find a way. However, if we are looking at it in the form of cash when you have to make payment directly with paper currency, then that may not be replaced, but in the case of ATM or POS transactions, this can evolve. So many things can change with development and a time may come or which we are already seeing with wallet connected cards which can still make us use our cryptocurrencies without having to connect online all the time. I feel it is just a matter of time before we start seeing such. Sorry if this hurts your emotions but the truth is that cryptocurrency don’t have the guts to make its way without the support of fiat. The value of cryptocurrency is measured in exchange to fiat therefore it will always need fiat. Without a doubt there are many developments occurring rapidly in the bitcoin and other digital currencies such as wallet connected cards but it can’t be the remedy for paying transaction fee. Cryptocurrency transaction fees are unbearable, you have to pay a fee of above $15 for transferring $2 value bitcoin which is not logical. |
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What do you think should be done?
These days bitcoins are not given directly in campaign but tokens are given and very less campaign give bitcoins purely.
What would you do?campaign or trading?
If you don't have enough funds, go start with signature campaign or other bounty campaigns. Trading is needed of really huge amount of money. Trading is also risky. I suggest to you is start doing some bounty campaigns here in bitcointalk to earn some money. To me i think you should take loan from a person if you want to make a more bitcoins, because with signature campaign a person can only earn a limited amount of bitcoin, but trading one can earn unlimited. You just need to have good experience in trading and must have some trading skill which is more important for becoming successful in trading, you must also remain as active and study the market on regular bases. |
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probably because bitcoin prices are very expensive. and I do not want to miss this opportunity. so I chose to sell my bitcoin at a high price. if the price drops then I will get profit so I do not lose my bitcoin. but the price of bitcoin is getting more expensive then I feel panicked and regret selling bitcoin
Bitcoin is still in its very initial stage and still its price has good potential to increase. I am sure about the price of bitcoin that it will continue increasing for a long long time and therefore i do not expect any panic selling in present time. In fact people have become too much mature and now they are giving good support to bitcoin even if there is a selling trend in bitcoin, and we have a very good example from our previous day when the price of bitcoin was falling because of some bad news in the market but still the investor give a good support to bitcoin and didnt let it down. |
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