Depends how much I make bitcoins If I make low amount of bitcoins then I will not quit but if I make really big amount of bitcoins bigger than my job then i will quit and open later my own company.
What if you will make 1BTC/day and when you'll get the payment, one day later you'll withdraw and the price falls to $100? It's a big, BIG loss and the reason for which I would prefer going for USD. It's risky, you know.. |
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NO. The worst way Bitcoin can go is being handled by governments. What are you voting your president for right now? I'm telling you - you're voting for them because you can't have another choice. And even if you do, a vote more or less won't change anything. Bitcoin being appreciated by governments means future taxes and such things. They can find a way to fully control it, you never know what idea they got.
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I use Bitcoin for investments and as a means of payment on the betting sites
Definitely, bitcoin is good in using in sports betting because we can easily transact and we are anonymous betting in such gambling sites, though our countries are ban with bitcoin we are give the opportunity to gamble therefore it is good to use bitcoin in gambling site. There are a lot of uses of bitcoin. But I think using it for gambling is the least of it. If you just gamble your bitcoin, then you are just losing it for nothing. It is better to invest it or just spend it on something, at least you get something. You can still just hold it, it's not necessary to do anything with it. It may not be as good as trading, but I think it's better than spend it on something. Well for me it is really a good thing if you are just going to be balance with it. Just like doing both, saving and investing with it. So while you are holding some bitcoins it is really a good thing while you are on that move. You are going to have some investments just like trading, so that you can maximum your profit. Yes its good to invest them in trading where it will give you an opportunity to make profits, holding doesn't involve any risk but it will not increase your number count in future. Holding does involve a risk too. If you're holding 10BTC and you would've bought them months ago (when the price was $400), you would've had $2k in profit right now. If you would've bought BTC right before the Bitfinex hack and immediately sold it after the theft, you would've had way less bucks in your accounts. |
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I'm earning BTC on this forum for months already, so I have been able to stack some bucks up recently with the help of the forum. A week ago I was wondering about the same thing: how can I store my money safely? I mean I'm using a BTC wallet on my phone and my computer, so.. just one, little infected download and it's all gone..  so I researched and found out about Offline, Paper Wallets. They're the safest ones, it seems. Now the question is... How are you going to do it the safest way? 1. Make sure the PC you're going to use is NOT infected. You have to be 100% sure about it. If you're paranoid about it like me, download a Live Linux CD and make a bootable CD/USB with it. Why? Because if your PC is infected, even going offline isn't safe because as soon as you're turning the internet on.... the data's being transferred automatically to the hacker. Live CDs are removing ANY change made on the system (including files, folders, history, temp files, RAM, everything!) when you shut it down. The PC has to work with a printer you got at home. Again, if you're paranoid, you can use an old printer. Newer ones got memory, which means they can be hacked. 2. As soon as you got the clean PC in front of you, power it on (or boot the Live Linux CD/USB). Connect it to the Internet, but DO NOT DO ANYTHING ON IT YET! 3. Open a browser. Again, don't do anything else than what I am saying! Go to bitaddress.org. When the site is loaded, disconnect from the Internet. 4. You need now to move the mouse over your screen fast to generate your Bitcoin Address. The website is made to work offline too, so don't worry about it. 5. Don't connect to the Internet anymore! When the generation process is complete, click Paper Wallet on the top. 6. Now here's a tip I can give you: split your money into more addresses. So if you got .1BTC, split it into 4x .025, 2x .05, 10x .01 or anyhow you want. This is a step to make it even safer in case you are afraid of one of them being hacked or stolen. But I have made the mistake to split it into over 30 wallets which was a pain... I've lost +$10 in commission so don't exaggerate. So at "Addresses to generate:", type in the number of addresses you want to generate. 7. You may be now wondering what "BIP38 Encrypt?" is. This is a Wallet Encryption, so you can't take the funds off you wallet without entering the password. It's good for the safety in case your house will ever take part of a burglary, but it's harder to find wallets accepting these encryption (when you need to import it) and if you forgot the password.. It's all gone. 8. When you're done, press "Print", print the paper and cut it (so you'll have 'banknotes'). Now I recommend you to laminate the paper you're going to print after you cut it, to make it waterproof. Here's how I did it, REALLY cheap: look up "DIY Scotch Paper Laminating" on YT. It's less than $1. Shut down your computer, unplug the USB/eject the CD. 9. NEVER share/snap the right side of your banknotes. Store them safe, never give them to anyone. The right side of the paper is what you need to take your funds from the wallet. Okay, so now go to your online wallet.. scan the LEFT QR Code and send as much as you want to the wallet(s). 10. You're done! And a tip: always withdraw ALL your funds from a paper wallet. So if you have a 0.1BTC paper wallet, don't take just 0.001 out of it. Take everything, for safety reasons. |
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I'm not spending it right now, I believe that at the moment the best thing to do is to keep it save, I will only use them or cash out after something around seven months from now..
What if the price after 7 months will drop, I know you are expecting for the price to rise like everyone else, but mind you there is not assurance so we need to be specific with our goal. Yeah there is no guarantee that we will see higher price in coming months, so if current price is allowing you to make profits then better to sell them and buy it again when price drops in future. If we're taking a look at the previous years, we can see that it always was an increase of the price during each winter. Therefore, I guess this year it won't be different. Many people are investing in BTC for the New Year, or buying gifts for others. It's winter, so it's gift time!! |
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I am ready to go to work, even physical. I spent his adult life working physically with your hands. I'm not afraid of hard work, and if I need to lead this kind of earnings, I do not turn away and going to work.
Well that's the right thing to do, if we need money desperately then we need to find a job that pays on hourly basis, even if they pay bit less we should compromise at that moment. Most people are going to the banks when in desperate need of cash. It's the worst thing you can rely on, because banks are NOT here to help us. They're here to just take our money and take advantage off it. Because of debts, many people are even taking their lives.. The best thing you can do is finding something LEGAL that you can to in a short time (or long, depending on your need), like a secondary job. |
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I would like to go to California.
With the latest news about the fire and extra-high temperature there... Are you that sure you would?  I mean staying in such a hot city.. I don't think it's that nice, even if you like summers like I do. |
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Better because of the privacy, but at the same time Bitcoin's popularity is way smaller than PayPal's. PayPal also has the refund option which makes it a little bit less safe, but.. at the same time, we've got the BTC confirmation time.
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Pick the right amount to wager with and don't get so greedy and bet alot per hand is the key I will think when it comes no losing at gambling in the long run. Never go all in. This shows a recklass player at the casino and most of the time it ends up in a total loss to that gambler. And then game is over for them.  Why is going all-in worse than going for hundreds of bets? It's the same thing but you're betting in a longer time. If you have the luck, you will win the all-in bet too. If you're not, you can split the sum even into thousands of bets and still lose. |
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I started using Poloniex just a few days ago. I'm using it because I heard a lot of good stuff about it, but the only con I'm having right now is the commission. I understand the site needs profit too, but buying Monero 5 times means a +$10 loss (1 Monero).
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I still can not spend the coins on real life, because I do not have opportunities for it. In my country many people do not even know what Bitcoin is, but sometimes I'm using it for micro payments online.
Sad to know that there is no way to spend your coins in your country. So I am lucky enough that there are good sites here in my country that do accepts bitcoin. That is why I am enjoying to spend bitcoins in real life for buying some prepaid loads and some times I am using their service to pay my bills, I'm thinking of using it for eating to a restaurant too. Like what i am doing in my bitcoin i am freely to spend it here in my country because our local bitcoin wallet has a good services offer to each users that is why we are very satisfied to us it. There's no way to spend my BTC in my country either. We've got only less than 5 shops and less than 3 restaurants accepting it, and they're all far far away from me. However, there are HUNDREDS of ATMs I found about one week ago in our country, but we can only buy from it. The price is always $30-$40 OVER the normal price (yeah, right now we can buy for about $638, but the preev.com price at the moment of writing this post is $609). |
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One of the best options, in my opinion, is trading in the cryptocurrency market. However, an initial investment is necessary for you to get returns, in addition there is a considerable risk, since prices vary constantly.
That's true, you need to raise a good amount of capital to start trading if you do not wanna waste your time, there are a lot of coins that can be traded in different trading site here so you can easily find the best trading site for you, and my suggestion is trade on the best trading site with great volume like polo. But keep in mind that it's always going to be risky. Investment sounds like there's no risk implicated. There is, a big one if you don't know how to trade efficiently. If you're investing in Altcoins, let's say you're choosing Monero.. One Monero is about $11 right now. If you'd buy 10 Monero for $110 and tomorrow the price will go up with just $0.5, you're going to have $115 in your account.. But if the price falls to $8, you'll have $80 left. It's very risky, and having more than 10 times a coin (like buying 10.000x an Altcoin) is even worse. If you're going for Bitcoin investing, having 10xBTC means $1k for each hundred USD milestone. I'd do it if I had that much money, because winter's coming and the price ALWAYS goes up on winter. |
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After researching for a few minutes on the Internet, I found no clue about Online Gambling being banned in Australia. Therefore, you should be able to gamble without problems on PrimeDice. If your account was locked out because 'you were faucet abusing', send an e-mail to PD support and I assure you they'll help you the best with it.. The only other reason would be not respecting the rules. In this case, register with another account. It's allowed.
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I won't gamble anymore if I were that rich because there is a possibility that gambling will just lose my money and I don't want that to happen just playing safe.
I would gamble sometimes for fun but not to much because when you are rich there is not much point in gambling. I do not think that I would have much time to gamble if I was rich, to busy with other stuff. Millionaires and billionaires are still gambling, trading and investing. For most of them it's the way they got rich, and although you can live 10 lives off $1B.. They are still doing it. Life would get boring if you're doing nothing! Thinking a bit the same, gambling is fun but if you are doing it too much you will lose worth and that is not good at all. You should do it only when you are feeling lucky otherwise you also will get addicted. It's good as soon as you're having fun doing it. The problem is that many people are playing it for profit, not for their fun, so.. They're not going to be happy gambling. |
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No one can give 10 BTC to other If you'd be a billionaire, you wouldn't really care about that $6k. I've seen people on PrimeDice giving away Bitcoins, so.. |
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I would suggest altcoin trading, may be a good option. But you need to be careful when choosing the altcoin to invest, with regard to the tech, team, coin distribution and trading volume in the market.
It's way easier to earn at least 0.1BTC from signature campaigns, in order to double your money. I did this in a few weeks and I'm so happy now. |
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A few days ago, twice. After 3 years, I finally did it and I feel so awesome!! I'm now waiting for the winter to come and rise the price |
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I'd go for gold. I know we're all using BTC here but gold is way better to be invested in than Bitcoin because of the price capability to rise faster and higher than BTC. Gold will never be useless or invaluable.
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Probably it's going to be either a new one or a coin we don't even expect to rise so fast. It's possible! |
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You can try investing in Bitcoin casino if you want, the house always wins in the long run Yeah, but there's still a small but existent chance of the website to be hacked. Anyways, any investment involves risks too so.. |
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