If you do not to rely on the mined coins to make a living, it is better to just hold the coins for the long term.
Yes, I agree with you that if it is not the only income that you have it is much better to just save it and wait for the right time to sell it when its price is high. Or you could sell some of it if you have many and try to grow it by investing it to some good investment sites. It would be nice if while earning it you could still earn some from it by trying those bitcoins to work for you. Saving them for future is a good thing, but you also need to take benefits from price fluctuations, sell when its allowing to make some profits and buy again when price drops. |
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You should understand that investing is good if you are sure in your succsess, because if not always better to save your money, saving is also good way of managing money.
Both of it are good, but of course we all know that before investing you must have enough capital for starting out your investment. So, before you are going to invest make sure that you have savings too. And if you are not that too strong for having an investment, it is better just to save your money daily so that you are going to have purpose for it in the future. Well i think investing them would be better then just keeping them in a place, because by investing them you might grow them gradually with the time if you invest them on a right place but not on a place that will just eat up your investment like gambling or any other source like that. Well, to make it very simple, investing will give you profit while gambling will not guarantee your profit. If you are after of profit you should be clever enough to choose investing as it would give your profit and it is low risk compared to gambling alone. Investments also involves certain level of risk, you need to be very smart in choosing a product for investment as online investments nowadays have become very risky. Certainly, investments do have risk but it will surely in return will give you great profit than putting the money on the bank. Bank only gives like 2.5% of interest a year. The value of your money after a year would not be the same at it used to be a year ago due to inflation. The only way to beat it is to invest your money. When you invest it like buying stocks or joining on a mutual fund the profit is like 10-15% thus it gives more income than if you will put it only in the bank but of course there is the risk. Risk will always be a part of any investment but if you do good homework before investing that it can give you profitable returns in future and investing is always better then saving. |
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What I believe is that fiat will always be there, one way or another.
In my understanding, cryptocurrencies were never meant to completely replace fiat money. It always be just an alternative.
Exactly, we have to accept the reality that bitcoin is just an alternate currency even in the future. Fiat is a government regulated money that is acceptable all over the world while bitcoins is not that popular and still has a lot of government issues that needs to sort out. I do not mind if bitcoin stays in the shadows for the majority of the people. But a steady growth, even a small one, is necessary. From the way it is built, it is clear that it will always be for the technically interested people. Harder to handle than fiat. Fiat will be the strongest force on the currency market. Even in future. Yes and fiat will always exist and never die as people who prefer to stay away from internet will never prefer to use bitcoins, they will continue with fiat itself. most yeah people those who have no knowledge about internet fully depend upon fiat. most people who knows about internet too tells bitcoin is just a debit card used to exchange fiat currencies. People with lack of knowledge will never know what bitcoin is all about and what are its benefits, and the fact is people resist change, and they will never get into bitcoins. |
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Yes go back to that time and you might be too rich right now. That would be the regrets of all bitcoiners that they don't spend their bitcoin properly. Who would know that it would cost like a 1000 times before. Instead of having regrets try to earn more and be wise now. Have a good income job, take some sideline jobs and have some investment.
To get rich we should have multiple sources of income, continue with full time job and try to earn as much bitcoins as possible, if price goes to extreme high level in future, you can become rich with it. we have to be lucky as well as wise enough to become rich. bitcoin would be an extremely risky endeavor, still, we can earn more by multiple sources like trading and gambling, with works and efforts you should have some luck. Do not depend on gambling to become rich in future, try to find those sources of earnings from where you can earn guaranteed money, as in gambling its 50 50 chance. |
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i will buy more
Me too, I will buy 10 BTC. Even thou btc will still drop into 0.5$, I would literally earn it until bitcoin will rise again. Because bitcoin is so popular these days and there is always a reason why bitcoin will drop into 1$ per Bitcoin. It will never drop to that price in future, and if it does then before buying we should check the reason behind it and if there is still scope of price rise then we should go for it. |
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Bitcoin is still young but its gaining popularity at a moment and many more users are getting into it and we should trust it because it will take over the world as a currency in future.
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I really wish to buy a bike with bitcoins, but I don't see it happening very soon in my country as my country is not aware about bitcoin yet so I have to wait for many more years.
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The first time i bought bitcoin is when i no funds left for gambling at nitrogensports, so i buy 1 bitcoin and it's for gambling. That was my first time buying bitcoin.
You bought your first btc for gambling purpose? That's really strange that you are investing your hard earned coins in gambling, I hope you didn't loose those coins, I bought when price was $250 last year. |
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Price at this has very good chance for significantly increase and now it's going to recover from the disaster, I think after this price will start rising to the next level, very possible chance to get $800 before end of 3Q.
yeah, i think we might reach the new heights in a pretty near future, we just need to wait i guess Yeah we need to wait to see the higher price of bitcoin and it will definitely cross $1k barrier in next 1 year but its not possible to predict exact price of bitcoin. |
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I believe it will rise once the weekend is over. It is probably due from the markets of the world being closed so there is no trading of other currencies going on. Well this is my point of view anyways.  Just want it to rise above this steady price that it has been for the last couple of days now. Yeah we may see some higher price in next week as bitcoin is gaining some pace at a moment and we can expect that it will cross again $600 in next week. If there is no negative news about the bitcoin or exchanges, the bitcoin price will be $600 in 10 days. When Bitfinex returns, the price will shoot up to $600 if it doesn't already happen next week. People are somewhat over the hack by now. It will be interesting to see if the price can stay above the $600 level. I think it will take two attempts. yeah bitcoin market always acts weird, the hack which wasn't really big compared to daily trade volume created a near $100 panic drop and i am sure the return can cause a shoot up as well, although we are already near the $600 so we can expect a much bigger rise. Yup price is moving slowly up now and its recovering from bitfinex scam so we may see much higher price in coming days and it will surely cross $600 very soon. |
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I am spending it online sometimes and also on gambling as there is no other way to spend bitcoins at a moment and so majority of them I am saving for future.
So you can earn bitcoin and translate into dollars for example and spend on anything. I think there are still plenty of options for spending bitcoin. not just on gambling. You can still shop at amazon to buy giftcard using bitcoin. and you can buy anything there Yeah you can always use an gift card to buy anything but I am really waiting for the day when amazon starts accepting bitcoin directly and once its done it will be an big achievement for bitcoin. In a year or two, the Amazon will start accepting the bitcoin directly. It is just observing and waiting now. If Amazon starts accepting bitcoin then it will be an big achievement and it will also help bitcoin to get more popular as Amazon holds maximum user traffic so bitcoin will reach to many more new people. |
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Many differnt ways exist nowdays, my favorite is trading cause it's always safe and profitable, but if you have not enough experience better to start with fauctes.
Yeah trading is really a good way, even though that is somewhat risky but it is really profitable at all. Faucets are really for the newbie ones. And that is just for making them to experience the essence of earning of bitcoin easily but the amount of bitcoin they can earn with faucets are really tiny and not really recommended. You cannot expect newbie to jump directly into trading at that stage as they will surely loose everything as they don't have knowledge, so for newbies best way to earn bitcoin is from signature campaign. |
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For now, i'm also not gonna sell my bitcoins, because the bitcoin's price is going up and it's better to wait and i will sell my bitcoins if i think the bitcoin's price not increase again.
The price of bitcoin will surely increase in future the only thing you need to have a patience, price is expected to touch $1k in this year and that would be the right time to sell some of our coins. |
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For me 100 btc is enough for to retire 20 years later i said 100 btc bitcoin price for this term if we can future 20 years later really 100 btc mean can be so big money but for now 100 btc is enough for me for retire i dont want more.
After 20 years, the cost of living is not the same as today, if you could buy a burger now for $1, for sure after 20 years it will be a bit higher... Now, if you have 100 bitcoin that time, and in one month you consume 1 bitcoin, that means you only have 100 months to live.. That's roughly 8 years... I'm sure that won't be enough.. health maintenance is higher as you age...  Nobody has understood the value of the currency and to predict what will happen in 20 years very hard. But it is important to understand that, for example, any product has a price corresponding to the cost price and any currency equivalent of the gold in the treasury of the state, as well as the bitcoin? yes that is right that it does not mean that how many bitcoin do you have but the important thing is that what will be value of bitcoin after 20 years, because if the price of bitcoin is how high and you have a few bitcoin still it is good for you , but if the price of bitcoin is a low one then it will depend on the number of bitcoin you have, In 20 years, the bitcoin price will be at least 1000 times of the current value, so you need few than 10 bitcoins. I think this is something unrealistic, Of course, this will not happen anytime soon, as the bitcoin economy is still underdeveloped and relatively small and is tiny when compared with world currencies. Bitcoin economy is underdeveloped at a moment but it will not be the same after 20 years till that time bitcoin would have become more popular and would be used everywhere. |
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Hm, when i see that the price of the btc is starting to rise and the predictions are good, Id probably try to get and hold as many btc as I can and when it hits the 1m mark, id sell all of my btc.
Yup that would be the best time to sell our coins so even if you have 1 btc in your wallet you can become a millionaire with it and that is enough money to live a luxury life. |
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of course it will be a year of bitcoin, i think bitcoin will become even bigger
I hope so, 2017 will be the year of the bitcoin like this year 2016. Maybe something big will be happen on 2017 like The halving and it's make the price of bitcoin increase. Mate what are you talking? Halving is done after every 4 years, its already done in this year and now next halving will be in the year 2020, collect information before you post. |
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I don't think there is a quick way to get rich with bitcoin or any other currency. It is a slow process to gain a lot of wealth. If you do it in a honest way. But if you want it fast then it will cost you alot in grief and anquish getting it doing very bad things.  That's true its not easy to get rich quickly but bitcoin gives us an opportunity to get rich as if price reaches to the moon in future then even with small volume of coins you can get rich. To be rich in bitcoin also meemrlukan processes and expertise. We must learn in order to become rich in bitcoin. As if we wanted to be rich in bitcoin we could create a gambling website or trade but must have expertise in the field of website to be successful, as well as the trade we should be able to predict the price in order to make a profit. There are many ways we have to strive and work hard in order to become rich. Starting a gambling site will require huge capital to invest so I will drop that idea and will prefer to get into trading for full time as we can make good money from it. |
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Well, 20 years are really long journey. But, if i have many bitcoins for the next 20 years, i will sell half from all my bitcoins and the rest i invest it to make it grow.
That's the right thing to do as price of bitcoin would be too high in next 20 years so if you sell those coins then you can expect higher money in your wallet. |
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Hard to say but with the numbers the way they have been lately it is not looking to good right now to peg that number to price of bitcoin. That is about double it's value of what it was 2 days ago.
Even without the recent Bitfinex hack I couldn't see the price come anywhere near the $1000 price level. I think if we see the price reach $800 that we have done a very good job. Simply because there is still a good amount of selling pressure on the market. Yeah $800 price is good to hold and I bet if we reach that price in coming months then majority of users will sell their coins to secure profits and I think that is the right thing to do. That is right. I think $800 price could be achieved in a few months considering the price is just $550 now. We should not be worry about the present crash as it was the effect of bitinfex scam, but its recovering now and it will increase in coming days when people will start buying again. yeah, the price is bouncing back right now, i think that we will reach the same prices in like a week or so and the price might even not stop growing then Yes, $800 seems a more realistic level, although we need to keep in mind that before the recent halving most of us were expecting a pump to the moon these days and our predictions failed drastically. So I have learned that it is better to keep a more conservative expectation taking into account the great unpredictability of this altcoin world. yeah if we have limited expectations then we will never get disappointed from bitcoin, but if you expect unrealistic value then you will surely get frustrated if you don't see that price. |
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I am not ready to sell my coins till i price will not increase to good point, it should be like $700, and than i will think about selling, but it should not be everything.
$700 is not a big deal, it will be achieved in next few months but I think we should hold it till it reaches to the 4 digit price and that would be the best time to sell our coins. |
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