Bitcoin is a blessing to some of us here. We can testify, how since the beginning of this year that, we have make alot of return on our investment in bitcoin. I foreseeing bitcoin touching $4,000 before the end of October this year. Hope you join us in this less risk investment.
I doubt that's going to happen at all, with the recent fluctuations in the price of bitcoins I don't think we may even go beyond $3000 before the year is over.But with news incoming of segwit from the 1st of August, let's see if it may be so. Purchasing bitcoins right now is advantageous and will provide a much needed benefit to people who are investing in bitcoin. There are a few facts to back this claim. Firstly, the bitcoin update SegWit will be available for its core software greatly improving its security and dependability. Also countries like South Korea having huge economies are also legalizing crypto-currencies which will rapidly increase bitcoin’s value pulling in more investors and people who will be willing to buy it for their use. With all the possibilities in this market I don't think that Bitcoin as of the moment has a guaranteed price I myself don't know if Bitcoin will go down below 2300$ or will it past the 2900$ mark again. With all of this August 1 seems to be the talk of the town and I still need to be updated about what will really happen on that day. I am hoping to get a clear answer with that. |
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It is not too late but there is a right time where you can maximize your capital. Right now if you buy Bitcoin at this current price you will be left with a little to none margin of safety in which you need to protect your own money. So if I were you the right time to buy Bitcoin is when it is price below at least less than 30% of its current high. By adding 30% as your margin of safety you can actually grow back and profit from it when it rises back to a normal price.
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I heard people who say they quit their job and earn more with bitcoin.
I wanted to buy and sell on localbitcoin but how could i since price volatility being so high.
That part is what I don't get if there is any truth in it. Because even if you have a job you will do the same thing as you are in your free time. From trading to posting in bitcointalk.org everything can be done for your free time, the only thing that you will have is a lesser income per month because you chose to resign in your stable paying job. And I don't think there is any truth to this it would be a huge mistake if you stop earning Bitcoin after. |
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In fact all people businesses rely cash. Yes we are now living in which cashless transaction exist but what is the main reason they are being accepted? It is because they have monetary value in it every time you buy something on credit your bank pays the business in cash companies will always want the living proof that their assets exist and there is no way better than to show you have a lot of Fiat currency in your bank account. We are still officially living in a world where cash is still king.
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Bitcoin investment is good, but no one can estimate how much percentage of risk, we have to face. It's based on people luck, market and situations. People feel facing risks and earning money in equal manner. That's life.
I have to disagree with you Bitcoin trading is not based on luck. Can you imagine what it will be like if traders are only basing it on random things? It would create price insecurity making it more volatile. Right now trades in general are purely based on the technical aspect if you are good at translating price charts than you can accurately predict the price movement of something. Basically it is like price forecasting but only harder with no specific formulas. |
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Hey Yahoo, Mr. Campaign Manager I would like to inform you that I am now a Sr. Member of the Bitcointalk Forum Site and have updated my Signature according to my rank. Please update my profile when a rank up is available for the campaign. Thank You.
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Maybe not to get rich, but sure as hell to earn a decent amount of money with bitcoins.
How much money did you earn with bitcoins? Or did you lose some?
Investing in BItcoin has two sides. You will get high profits or you will lose everything. I also lost a lot of money from Bitcoin, so I learned a lot of lessons. Now, I have run out of trust in Bitcoin, I just joined the signature campaign and profit. Not much, but it is the effort and time I spend on it You don't need to blame bitcoin if you lose a lot of money with bitcoin because it is not all about bitcoin because it is about on the things that you do. If you don't know about something then do not invest into it. Bitcoin is a very volatile investment and you should know the advantages and disadvantages of it. Your profits are always depending on you so you don't need to blame bitcoin because it is all your fault. I have to disagree with you on the side of Investing Bitcoin will make you lose everything. In fact in any kind of investment you have the power of lessening the risk of your investment. How? By buying it at a lower price you are actually reducing the chance of participating its next volatility by buying it at a cheaper price you are actually maximizing your capital in terms of its potential returns. |
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Hey guys can you tell me the advantages of having 2 versions of altcoins in an ICO launch? It is the 2nd time I saw it now, the first time I saw it was on Steemit namely theire STEEM and Steem Dollars. So Can you tell me what will be the advantages of having both DIMCOIN and Dim Currency? So that I know if this would have a high turn out in terms of price.
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They really have the power to control Bitcoin, even traders that are involved in other assets can influence such price. Much more for a currency that is decentralized the whales which are the biggest profit takers during a price action will benefit it all. Traders can actually influence the price in both ways from up and down, they can pressure the market in buying higher prices and they can make sellers sell Bitcoin at lower prices.
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Well for me if you won't spend anything on it then it is worth trying. From what I know of you get paid in terms of how many people will up vote your "blog entries" so with that in mind you must post something of quality in order to garner more up votes in your blog post. If you continue to maintain good quality post then soon enough you will gain followers of your own page. But there is no way to find out not unless you try it yourself.
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You can only say opportunity loss when you sold your Bitcoin without gaining profit. There is always an opportunity when selling or buying Bitcoin, you only have to check the price by that you'll know when to buy and sell to gain profit.
Nope mate, I think you are wrong with this one. Losing money in Bitcoin will result into "Actual Loss" not "Opportunity Loss". Opportunity loss happens when you sold Bitcoin earlier in which the price of it still got a new high that signifies an opportunity loss because of you selling earlier at a cheaper price. Now from your own words and logic if you Gain profit from you selling Bitcoin will it signify an "Actual Gain" or an "Opportunity Gain" if you have a clear answer to that then we are on the same page now. |
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If i have a lot of bitcoin, of course i will invest some for my future and my family, and some i will use for trading. And to spend bitcoin seems to need a wiser consideration because for me bitcoin is a valuable asset to me, and if not in urgency i certainly will not spend it.
I guess the you have the whole concept of it wrong these days investing and trading can now be used interchangeably in cryptocurrency world which means it is only one thing. Because Investing actually means that you hold it for a year or more which you will barely see in this market. Now if you really have a lot of Bitcoin it all goes down to personal preference in which a person decides if he/she would spend or save Bitcoin. |
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Well I guess what you are looking for is non-existent if you are really not into investing money than signature campaigns is the way to go, but even that won't give you the target earnings you are looking for even if you're account is ranked Legendary 1 Bitcoin in 2 months max seems to be impossible. So my advise would be maybe change your expectations to a more realistic one so that you are not hoping for nothing.
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I just wanted to know that,what amount of risk is there in investing in bitcoins.
Right now i am planning to buy btc approx 3-4 btc and just hold them as i guess the price of bitcoin will increase in future and i will get some good profit.But i want to know what is the risk involved.Can bitcoin price decrease and is this right time to buy the bitcoin.
In my opinion the best time to buy the Bitcoin is today , because the price are really at down from the stability of 2500$ below . So it will be more better for you if you want buy . But opposite of this you should have negetive thinking in your mind , I means to say that after the buy of the Bitcoin you should remains ready to face any type and in any amount of loss of your money , because the price of the Bitcoin can up and down anytime with big fluctuations that can not be estimated by anyone in any conditions . But still if you have better presence of mind then I am.100 % sure that you will get profit only even at the down of the price , because down in the price is also again another opportunity to make himself ready to make profit . I wouldn't recommend him buying Bitcoin now because even if the price of Bitcoin is below 2500$ there will still be no margin of safety in that price point. Looking at it buying right now will make your investment vulnerable to a higher risk of losses and certainly its price volatility. With that in mind buying Bitcoin right now will only add more risk than reward which is really bad if you are looking at Bitcoin as an investment opportunity. |
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My prediction is that the bitcoin will take over the world on a long term.
That would be kind of funny. If people that used different currencies so that they could do things then they will begin to feel weird when they hear that they need to use a totally new thing called Bitcoin. Electronic payments aren't that new though so I think that the people can get along with it. It's funny for me that some of us her make predictions about Bitcoin's future without backing it up with supporting facts, that will actually make your predictions more reliable or at least believable as of the moment. Now making a prediction that a decentralized currency will "take over the world" would be simply be absurd as that is kind of a big prediction without you backing it up. |
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How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Maybe bitcoin will die if no one sees it useful, in short, zero demand will end bitcoin, just like any other coins Yup when the demand of Bitcoin will completely go in the market, and people stop to use bitcoins for anything. And the value drops to below $100 then that is the end time for Bitcoin. But this is not easy if this happens then all the other cryptocurrencies will lose their value in the market. People will never trust any cryptocurrencies. The price of bitcoin is now largely dependent on investors who invested in it. Simple users have little impact on the price of bitcoins. Therefore, we can conclude that bitcoin will die when investors lose interest in it Yes everything would be useless if its demand goes to zero which will result into a valueless asset. But we need to have the a reason why it will have a zero demand in the future. Because all the possible reason that I know of will be about its legality issues which as of right now is fading away because of some developed countries finally accepting Bitcoin in their country. |
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It is possible for your nieces and nephews to benefit all your Bitcoins in the event of your death if someone knows the password of your Bitcoin Wallet. Because it is the key in order for your heirs to access what is inside of your Wallet Account. Now I don't know the procedures for your lawyer much more the laws involving your country but you must ask a legal assistance of a lawyer in that matter. If you don't want any lawyer involve you can always go straight to your heirs with no problem.
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In my country, I have to fill a form every year for the tax department, including my year end bank statement and the salary bill.
Together with some major bills for insurance and healthcare, that's all they get.
So I can hide cash under the bed, or have an overseas account, or have some Gold bars, etc. The goverment has to thrust me quite a bit.
They can check some transfers, but if you like to hide it, you can do it.
So the actual way of getting the real numbers is quite bad.
In Bitcoin
If the Tax department makes it a rule by law, that you have to report every BTC address you own, or every wallet you own ...
All problems solved, because then the Department has also the addresses of the petrol station and the deli you spend money.
In no time the system knows which tax counts here and can claim the respective amount from both sides.
Sure it is still possible to hide Bitcoins, but then it is illegal.
...or did I miss something?
Great idea!!! ...... yes you did miss something. Unlike paypal and bank accounts(although one can own multiple as well they are way more difficult to create than bitcoin addresses), bitcoin addresses are incredibly easy to create. By running a script you can generate hundreds of bitcoin addresses if not more per second if your computer's fast enough. Bitcoin is impractical for the government to tax. Your thinking only works IF a person is honest enough to only use that address for all his transactions. Now, most wallets will give you multiple addresses to use by default for better privacy. How can the government ever track you down and all your addresses? It's just impractical and expensive to do, it'll take more money to do this than the tax theey collect from ya. Well even if you report all multiple Bitcoin addresses the government wouldn't easily determine what is taxable or not from the money received from that addresses. Because we all know that there is really no labels if Bitcoin was received as an earning or a remittance from a family or friend which is not considered as income. The problem here is that we can always find solutions for taxing Bitcoin but there will always be a loophole in it not unless the government has full control on a local Bitcoin Wallet provider that it. |
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Oh wow Paul George was traded to the Oklahoma City Thunder now, will this be a one shot for him to prepare him going to the Lakers as what the rumors tell us. Or him and Russell Westbrook will be a long term partner in OKC. Well stepping all of that aside I think the value of trading superstars for a good player is gone. Look at what they exchange in order to obtain Paul George and Jimmy Butler? Its like this superstars are really want to be gone in those cities that is why they are on a bargain trade. That is what I am seeing right now.
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Yeah I think young people are capable of bitcoins due to their computer skills and internet knowledge. But young are still young, immature and undisciplined. Yes, I still believe that kids are the future but letting them hold wealth is not a good idea for this kind of generation. We see everyday what technology do to young people. I am not blaming technology because it is now a part of life. But their are few responsible young people today. I agree to the point that saving while young is good. But is this assuring that young people will save and help their parents and not just for their own luxury ?
Bro I think what OP is trying to say is that young people should invest in Bitcoin it is not about them using Bitcoin because of their obtained set of skills. But what you said can also apply to young investors in which they are still immature and undisciplined to the point they are making mistakes during the buying and selling of Bitcoin. Also I don't think that saving Bitcoin for the future purposes is good because we still don't really know if Bitcoin will exist that long. |
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