Are you inspired by those bitcoin millionaires? Are you thinking of filing a resignation letter on your day job (if you have any) and focus on bitcoin instead?
Me? I do have a day job and I consider bitcoin as my side job. I don't want to lose that another source of income just because bitcoin is awesome.
Yes i am very inspired, what is the price to quit daytime job? Earn example $4000/month? Well if you are going to earn $4,000 per month then that is a reasonable earning to quit your day time job. Even I if I'm earning that amount stable on bitcoin then I am going to choose bitcoin either. But I can't even think that is it really possible to earn $4,000 per month and maybe you are going to have a lot of source too. Even $2,000 per month would be enough for me, actually my demand is really not that high as I just want to live a simple life away from the city as long as there is an internet connection where I can do my job at anytime. In that way, I have a time to spend with my family as I am just in the house working. $2000 is a good amount to earn and it can take best care of it, and especially if you are from third world country then it can be more then enough to live a luxury life.
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Yup i am still believe in Fiat, not only me so many people believe in Fiat. Now the question raise why ? The reason is so simple bitcoin is not used offline in many countries, it only use for online shopping directly. So people should believe on fiat because they use fiat in their daily life and buy things that they need in their life.
And at a moment if we have to spend bitcoins directly then we need to convert it to fiat first, so basically we can say that bitcoins is dependent on fiat. yeah true even though we are using bitcoin and get bitcoin. but still we have to convert it to a fiat to do the spending because for the moment inevitably we still have to depend on fiat currency because we are the major currency is fiat Yes that's why we want bitcoin to have more use in the future so we will not depend in fiat, if we can already use it in her own value buying things or widraw your money easly without exchange it that's better and I hope it will happen soon. I think it will take long time for that to happen, its not easy for bitcoin to get accepted everywhere at physical place and even merchants should be aware that they can accept payments in bitcoins too. |
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i think that it will be really possible because may people will get into bitcoins
Highly unlikely. Bitcoin is a tech-driven kind of currency. The mere mention of digital scares some people right away. The number of bitcoin users is still very small and we are already in the year 2016. I don't think six more years of bitcoin's existence is going to be enough for it to make the crossover to mass media appreciation, and eventually usage. We will see major growth in the users of bitcoin till then and it will be also used and accepted at many places but its hard to imagine that almost everyone will start using it. |
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believing in bitcoin is the key of succes for bitcoiner. we must believe bitcoin will rise again, with this believing we will hold our bitcoin if the price falling like some days ago.
Without our belief in bitcoin we cannot invest because we are afraid that we lose our money in the future, this is like gambling more or less where we predict the future base on the historical statistics and hope we are on the right track now to hope for a good future. Any investment fills your mind with fear. Investing $1k in anything will make you afraid of loosing it. It's pretty obvious that you can't invest in something you don't believe in - that's like loaning $100 to a guy here with -50 Trust. What you are saying is true but if you are looking for higher profits then you need to take that risk as only saving will not more profitable which you can expect from investing it. |
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I don't have an opportunity to buy bitcoins, because it's very expencive now, for me is much interesting to earn it by myself in different ways.
Well we always have an opportunity to earn it, and if we can earn it then why to invest money in buying it, try to earn from multiple sources and save it for future. I'm also earning bitcoins and never bought any bitcoins, but these days when price dropped a bit i wish i had some funds so that i could buy some bitcoins which could earn me some profits after some days, but i couldnt afford it. If you are still not ready to buy a bitcoin and trading. Then you can do the way that you now do (finding bitcoin), because if you impose yourself it will not good for you and it will harm you. Enjoy the journey that you are going through and begin plotting your future about travel now. Cause if not then your life will not change Bitcoin is not for everyone in terms of investing because there are people who does not trust bitcoin yet. We cannot force them and we just have to wait for the due time for them to understand it before they adopt, beside bitcoin is not only limited to investing, it could also be use to transact online as a currency. That is correct that bitcoin is only for those people who are willing to take a risk and for those people who have an extra money to invest but bitcoin is open for everyone and bitcoin is willing to help for those people who can not able to invest just only participating in signature campaign its really big help to have an extra income. Not only signature campaign, you can also sell your services and earn descent amount of bitcoins, if you spend more time here you will find even more ways of earning it. Signature campaign is just some of the ways to earn money here but you cannot focus on that alone because you will not get a decent amount of money, if you have to make more money you need to have the skills that is in demand in the bitcoin world to commensurate your time spent online. In that case, you will not be buying bitcoins anymore. Smart person who believes in working smart will never invest his money in buying bitcoins, instead he will invest his time in learning various methods of earning bitcoins. |
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i doubt that it is ever going to happen because bitcoin is huge
This will never happen if all people will adopt bitcoin and of course all stores also, and now bitcoin is continuous increasing its value the possibility to disappear is very little rather it would be more famous in the near future. Its getting more popular for sure but anything is possible in crypto world there is no commitment from bitcoin that it will survive forever, and its future will depend on its price. |
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If we keep fiat out of the system, then Bitcoin is unregulated in my country. As it is decentralized, it can be considered to be a domestic currency here. i think with good adoption in future it may happen.
If you are able to convert your bitcoins to your local currency easily that means bitcoin is accepted in your country but the important this is to know where you can spend it physically or not. But it does not mean bitcoin is accepted in my country because I converting my amount and no one knows about that and especially the government. But in my country, the freedom of people is very good. they can do anything but without violate the rules of the constitution. If bitcoin would be illegal in your country then goverment would not allowed for exchange traders to exist, they would have banned them from their services. |
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Gold and bitcoin prices seem to be closely correlated, except btc moves way faster. I'm going with a setup with gold/stocks/btc to hedge my worth regardless of market movements.
I think it is a good idea to hold the bitcoin and gold 50/50. But the bitcoin price will rise faster, but it is riskier. If you compare the profits from bitcoin and gold then I am sure bitcoin will give higher profits in compare to gold, and bitcoin will also take care in short term to make quick profits. |
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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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