I'd take advice from a financial specialist that knows about bitcoins before trying to sell or buy..
Bitcoin is unlike any other asset seen before. It's so volatile, goes up and down randomly, and is so easily affected by political and social factors that it's hard to predict, even for a "specialist". Bitcoin especially now is so unpredictable, the time it will take you to contact and ask a specialist for their opinion/research, it may be too late. The price may have already spiked or plummeted. At the same time this makes it attractive because even experts on the field of finances cannot predict what it is going to happen so the average person can in fact compete with people like this and even beat them at their own game when it comes to bitcoin. Investment as a whole can be considered a pretty risky business. It is true that even experts in the field of finance cannot predict some outcomes but in respect of other assets bitcoin is rather stable and is increasing steadily and it has been this way since a long time. It was only a few cents when it started 8 years ago and right now its value is around twenty six hundred dollars. Considering these factors it can be said that bitcoin is a safe option to invest as well as trade in. You can certainly beat those people, what you can't beat is the rich people who spends thousands of bucks for bitcoin lol. Bitcoin is not increasing steadily, it has its ups and downs too particularly on its early years where the price keeps going back and forth. but because we have a huge improvement these past few years. most people are 100% sure that it will continue to increase even though its past involvements doesn't guarantee anything. there is no 100% in this world so it wouldn't hurt to sell your bitcoins from time to time. have a little gift for your hardwork. if ever bitcoin goes down--well I hope not, your hardwork will not be futile as you have bought things with it
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Bitcoin can not make everyone rich, because he is not a fantastic tool. It can only help those who are willing to take risks and who have the Internet. In general, no currency is capable of destroying poverty.
Not everyone will use bitcoin, not everyone can use the internet, there are millions of poor people in every country and many of them poor because lazy to work hard and dare not take risks to change. So even though bitcoin comes in, bitcoin will not change the world economy too much that is right, i am agree. but if internet connection is available in every where, i think many people will know about bitcoin and will use bitcoin. i believe about this and i hope we can see this soon. but i am sure bitcoin will gives many benefits with many peoples too and they will invest their money with bitcoin too. uhh you agree on what the above person said but you also believe that bitcoin can end poverty as long as the internet connection is available for everyone? i'm afraid its not as easy as you think. bitcoin has helped the relatively poor people but the numbers are just not noticeable. however when it comes to the absolute poors who are living less than $2.50 per day, even if bitcoin is around as well as the internet, it will be impossible for most cases because they can't afford to access a compatible device, most of them are illiterate or can only speak/read 1 language which is not english. when situations like this arise, the only ones who can help them are the governments/charities/foundations who are giving them directly what they need.
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I went through the page to invest and seems that DIMCOIN Pre-Ico value is estimated in fiat so when investing through bitcoin it calculates the exchange rate btc/usd so at the moment -$100 in the past 24hours so I think a better idea for me is waiting for the bitcoin price to keep increasing a bit and then invest and since we have time until 15th July I may invest at the end of this period.
I keep thinking the same way. So i will wait for the ETH price to rise considerably before investing. I believe that this ICO is a good one. Still enough time to think about investing with dimcoin. But by looking at all aspects I am very interested and recommend to invest in this big project. Seems that the don't have much time to catch the train, the price of ethereum is lower than the day I wrote that post so it seems that it's better to invest now or I will wait maximum by the end of the upcoming week to make a final decision. But I still feel such arrangement of concerting using the current exchange rate will discourage early investors who might want to wait for price increase before investing. Because it means if I invest say 1btc @ 2500$ I get dimcoin of that amount but if I invest same 1btc @2600$ then I get more just by waiting but I want to ask if there is an incentive or a new calculation of the value held as a result of change in btc price. It's up to them if they want to invest sooner as possible to get the highest bonus rate or to wait for a uncertain price increase. there is no way to predict what will happen next but if you want to be in the safe zone you can do either one of what the guy above you suggested. Still have 7 days to go before the pre-ico ends with a 30% bonus rate.
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Do you think they are talking about bitcoin in your basic ECON class?
Definitely, Bitcoin is being mentioned in some business courses. I am sure some schools have adjusted their curriculum to accommodate the cryptocurrency as a whole.snd not just Bitcoin alone. Honestly, it will be a good thing if more countries adopt Bitcoin into their financial system... There are certainly a few number of universities who does that however we still don't know if the matter is one sided or not. what i have observed is people who lacks knowledge about bitcoin or cryptos tend to think negatively about it resulting to a one sided discussion. the teachers here in my country mainly follows what the books or curriculum that the department of education gives so i doubt they'll mention bitcoin as it is not there.
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If there is an exchange there in your country that allows to convert your bitcoin to fiat in less than an hour. its probably not a good idea if one of them is a huge spender or worse
if he has a habit of spending his savings even though he's only halfway done lol. if we're talking about the other one, then its better to save in bitcoin as the price increases.
the main problem is where will they get the bitcoin? and no, mining is not the only way to earn bitcoin. mining is a complicated process you'll need a lot of things and it costs a
lot, much better for you to search it on the web. You can also search for the ways of earning/saving btc that are suited for your cousins but my suggestion is to either work for it
or buy it bit by bit
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Op has a point and yes everyone wants to be rich in fact even the rich people still wants to increaase their wealth but you should understand that wanting isn't the same as
achieving. everyone wants it but sadly only a few number of people do managed to get it as a result there will always be wealth inequality. Realistiically speaking, everyone
getting rich is just too impossible, a dream.
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Im on the decision of taking profit right now and convert my btc into fiat because i am really afraid of august 1, but after reading all the post here i am convince that many people here are being optimistic and see bitcoin will surely rise after the said downfall, and now i realized that the bip148 will surely helps us to make the fees low and for a faster transaction.
My advice is don't be a weak hand and sell your bitcoins. don't believe what you see upfront, not everything is true as they appear. be a stong hand who is not easily shaken. bitcoin will either go up or down. if it goes down, just buy more because the price will just go back again . imo bitcoin and its community is strong enough to withstand the negative effects that might occur on the given date.
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Yeah I also see bitcoin working fine and it is really fine for me that bitcoin will still as it is. I agree that it will not change. I just want that bitcoin value will increase again. 😁
Just imagine when 100 millions people on this planet use bitcoin for daily purpose. How can the current bitcoin blockchain maintain the huge number of transactions everyday like that? bitcoin has been stucked recently and it is not a good sight and if you want to develop bitcoin, we need to make a big change so that bitcoin will become better and stronger I would still believe in bitcoin that even a hundred million will use it, it will process smooth. Until now I haven't experience hastle in bitcoin, and I am wishing that it will continue as smooth as it is. 😊 We're not even close to hundred million and the community is already experiencing tons of problems. i wonder where did you get your confidence in your claim. every peole have their own definition of hastle. the only people who haven't experienced any hastle on bitcoin are the rich persons who are fine paying a lot of sats on their transactions. maybe you're fine now but in the future it will not always be the case as the transaction fees are increasing when more and more transaction goes through, at the same time the confirmation time gets slower. In this world we always need innovation and strive for improvement.
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it is mandatory to specify the group of people who are able to use bitcoin, but it is true that Bitcoin requires knowledge about technology and use of the internet, so that bitcoin is not using by ordinary people. one important thing is that ordinary word is a relative term, it is dependent on you how you define this word. but I think, who is capable of operating the internet those people is not ordinary for me...
Its a relative term thats why we should always read to the op. By just reading the word ordinary people the first meaning that comes to my mind are the average persons in our social hierarchy who are neither rich nor poor however if you have read the op you will know that the word ordinary people here means people who are not that great or interested in technology. my opinion on this is maybe it will be difficult to see it now or in the next years, but we will certainly see it as long as bitcoin continues to reign because the world is slowing adapting to technology as well as its people. a new generation will always arise people.
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Bitcoin is digital way to make money. Based upon our work and patience, Bitcoin will create adventures in our life. I agree with the question Bitcoin is source of income. Share your feedback also.
Bitcoins itself is a money already, its not that different from our paper money. same logic applies on both sides. you get money from work/business/investment etc that you did. the main difference is they're not the same kind, too long to explain here you can just search for it although you should already know it because its the basic thing. but yah it can be a source of income since there are already many people who got profits from investing and trading bitcoin.
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I seriously don't underrstand why theres still so many of you who thinks that bitcoin is a instant way to get rich. i believe that there is no such a thing unless you will be doing
illegal things. but yes you can still get rich however it requires a great effort and time. in some situations where you have a huge capital you can get huge profits in less than a
year but if you're using a small capital like me it might take longer. the time depends greatly on the available resources around you and of course on the choices you made.
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There are so many opinions about what will happen after 1st of august that my brain already is cooked about "what to do".I decided not to do anything)Just HODL.
BUT to start investing - I would wait if I were you until september
Well you should see that coming because no one here knows what will happen-- we have no psychic powers lol, as a result there's a bunch of guesses either supported with facts or w/o. the trick is consider what they's say but don't believe them yet do your own research but yah if you're unsure better to hold. uhhh what will happen on sept. that will lower its price lol. buying as early as possible is still the best choice for me.
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If they will it will be great to use bitcoin but today i cant imagined they will gonna do this thing because the transactions today really takes and need a lot of time 12i guess is the maximum but something more than and your gonna be hell when you pay because of the blockchain fee. So this is what they are saying huh. well lets see how they will handle this, I'm sure they are aware of these things before accepting it. Transactions with at least 1 confirmation should be considered and valid, if we are going to wait until its fully confirmed it could take beyond the average eating time of a person lol. It also says they are developing a program for this. the program should be in line with the fees per byte on https://bitcoinfees.21.co/, fees below the fastest and cheapest one should not be accepted. stretch goals would be if this becomes a success maybe the other branch on other countries will follow ღ
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Nice to hear that!!! I heard about the Burger king in russia that they accepting bitcoin as there pament and thats very nice.. I hope it will spread in different country that they also accept bitcoin as there payment in their food that they eat... I suggest not only in the reastaurant accepting bitcoin, i hope in many industry like Sm, and other more...
Yes true, I totally agree. Bitcoin is already very popular and it is time to use it directly. I hope bitcoin loyal users also often transact directly rather than cash or credit card. Sadly, most of us users have converted their bitcoins for cash instead of spending it directly. i love to spend it directly but the number of merchants available is very limited. The list of restaurants here are just a small part and is only available to certain country. if a popular restaurant like burger king will accept it in all of its stores. it can take a big leap on bitcoin although i haven't heard of it lol. Is the info legit quicksilver?
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well,that's an interesting question. if you want to buy a car with bitcoin,then you must exchange bitcoin to fiat money.because majority car dealer ussuly only accepted money.and I also think that it's not available anywhere.
Doing exchange to real money is a good choice right now. We will be free to buy various brands of cars. While looking for dealers who only accept bitcoins may be difficult, other than that the choice of type cars will not be much. Sadly it seems to me that op doesn't want to convert his bitcoin to cash, he mainly wants to buy the car directly through bitcoins. i dont know any site that sells one. even if i search the legitimacy will be a problem since i don't know anything about it. imo op you will be at disadvantage if you bought the car online much better to check it for yourself and mind if i ask why you don't want to just convert your bitcoins? because uhhh its much convenient in my eyes
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there is a lot of those businessmen who deals with that kinds of invesrments you've mentioned, but the probleme is how it iw to be implemented. One ways to implement this is you should be developing a seminars for these people who engaged on a particular business. It can be consumers, owners and other people who planned a future business ahead. The aim is to attract those people regarding the profit that they may gain if they will accept bitcoin as payment of their businesses, more importantly is the time consumed of transactions; and it's a cashless type of spending. Let them register an online wallet in order for them to have assurance on the earnings they will.be having soon bitcoiners will transact in a test run to those businessmen.
That is good explanation but what about the fluctuation of bitcoin price. I think it will be the single point which will make It more difficult to convince them to invest their money in bitcoin, or use bitcoin for their business. I think it will become easier if the price of bitcoin become stable and when we become able to expect less fluctuation in the price of bitcoin otherwise they will fell hesitation to add bitcoin in their business. Yes your right if the price of bitcoin will be stable theres a way that some of local business will encourage to accept and if the owner has a knowledge about bitcoin. Hope it would be pass very soon ive only imagine it if some of them would accept bitcoin. Easy to say but how is it going to be done exactly? will you be controlling the supply and demand which is clearly impossible. manipulation is another thing which doesn't last for too long. with bitcoins high volatility rate i say its a dream within a dream. even if the price is not stable there is still a huge potential that the local businesses will accept it. to the best of my knowledge a number of local businesses on japan are currently accepting bitcoin so far so good because there will be more stores that plans to accept it.
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All of this must be looked for handling. There should be a regulation that regulates bitcoin so that later each user can account for what they do. But I think there must be a very careful thought, because we know that today bitcoin is anonymous so anything done will be difficult to trace. For now everything looks hard to do.
I think all the major exchanges are taking these things seriously ,as they are strict about KYC and other verification and with the new regulations coming out ,i am pretty sure that it will be a mandatory to provide your identity if you are dealing with bitcoin and the biggest problem will be the privacy becomes a big factor as your assets will be known by the government. Nothing that cannot be solved by doing face to face trades instead, or you could earn or mine your coins instead of buying them, or after buying your coins you use a bitcoin mixer, like chipmixer and then governments cannot know where your coins are. Much better to just buy bitcoins to be quick particularly if you are going to invest because it is always good to be as early as possible but if youre earning huge amounts can't argue with that lol. imo its not a problem if the exchange requires you to comply with their kyc unless you will be doing some not so good stuffs. recognizing on who did you send the bitcoins to is very difficult in the first place. still pseudo anonymous to me
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Everyone is right. you have to learn the basics first. there's no need for me to write where to get is because the people before me did it already.
I just want to say that if you're just gonna focus on trading crptocurrencies particularly on bitcoin, you don't really have to learn technical analysis because cryptos market is very
different than the others e.g. forex. it is very volatile and news driven so be updated on whats happening around you. but if you still want to learn go to investopedia
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Wow so many experts, I didn't know this community had so many good guys with expertise in doubling bitcoin I seriously hope you all realize how futile it is attempting to warn new comers about such scams? if someone is stupid enough to believe even for a second then they deserve to get scammed at least for once to feel the burn of greed and stupidity, and hopefully learn their lessons. Yes they are the most easy type of person to scam with but you forgot that they are also the most who has what you called weak hands. what driving them is their fear of losing their money so a through warning should be able to create a hesitation with their desicions or maybe they'll change their mind. but you're right there are people who really needs to experience the hard part first before actually learning.
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Well I have seen some people loss more than 40% of what they have in gambling, But they are still playing and really want to earn some money through it. What I am just trying to say is just keep moving forward maybe you lost a huge amount right now but who knows maybe next time you could earn a huge amount from what is left from you.
In reality earning on gambling is very difficult, my guess is if they are losing more than 40% of their capital, they are probably addicted to it but trading is kinda different. it is not for fun, it is a great way to earn which requires experience and knowledge. in ops situation he lose because he relies greatly on his emotion which is a taboo in crypto trading. you should rely on your experience and knowledge not on emotions. i think op is a newbie, but he thinks it is a quick money scheme. You should read first about the basic tips on trading op. afterwards you can resume trading.
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