I do not dream of getting rich only with bitcoins because it is also a money and getting rich with it is similar to getting rich with any normal money.Hard work and some good investement amount is required for that.
I use bitcoin for some extra income only which has also helped me in some bad times and thats enough for me.
Yeah bitcoin is good as an additional income and you cannot expect to get rich with it so I am satisfied with what little I am earning from it and don't have any plan to get rich with it. |
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Gold is for long term investment and it also for those people who have more money.
Bitcoin is good for those people who do not have more extra money to invest and for those people who do not want to invest. and the best of bitcoin is the fluctuation of price most of the traders take advantage of that.
The fluctuation only favors the traders because the real aim of the long term investors is to see a good price in the future, I belong to investors who are after of the price in the future as I believe buying bitcoin now is very profitable if the price will increase in the future. Indeed, the bitcoin price is low at the moment. But if there is no innovation in the bitcoin industry, the price will stay low. The innovation was already there, there are a lot of business that is accepting bitcoins like gambling sites to be specific, the current fall back of price is not that serious and it will be back soon to normal in the following days, just do not panic and trust bitcoin to profit in the future. Yup we should not be worried about the present price fall as it will again rise in future so we should have patience and wait for the right time to sell when price goes higher. |
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Making a research is good, it is just being initiative. It is nice knowing the history and background information so that you can understand and learn the things. Just go on with the flow of the price, we can still make profit in different ways disregarding the value.
I think the bitcoin price is consolidating at the current $586 range for a few more days, it will rise to $600 next month. The price of bitcoin is not rising right now and it keep going down but it's very slow but it will go down for sure. I think it's better to sell all your coins now. though it is going to go down not for long, in my opinion the price is soon going to bounce back and make us big money Of course that could happen but it will only give you big money when you invest now with a considerable amount, don't expect that the price will double before the end of the years as that is too unrealistic but we have a great chance to profit this year with the current price. if taking advantage of bitcoin you must have patience, at least the end of the year will rise above $700 I am very confident. but if you want to get a profit short term. you do not play with bitcoin, because the price is very stable. You can choose an alternative coin. Yeah selling now cannot be profitable as price is too low at a moment, but if we can hold them till the end of the year then we can expect higher profits. |
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For the past 4 days the average drop of Bitcoin is $4 per day so if this continues to happen until end of this month we are looking at $64 drop from today's rate since we still have 16 more days to go to close August. That being said, $350 is far from the what we have now that is its only $4 per day drop and we may reach close to $490 - $510 by end of this month.
The reason for the bitcoin price drop is that people are more interested in the altcoins now as they are more innovative. Agreed people are getting attracted towards altcoin as it allows them to make quick profits, and that is the reason they are investing their money into it. |
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i think bitcoin will be use it everywhere, im not see any point why people leave bitcoin.....?
new investor come every year ant this is make bitcoin more strong
Yeah bitcoin is gaining more popularity day by day and we can expect the same in future too so I don't think that bitcoin will easily disappear, in fact it will be used and accepted worldwide. |
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I spend coins by exchanging it into fiat but i also spend bitcoin itself by paying my bills and loading my cellphone to have an internet connections and to go thru work in bitcoin. then i am hoping in the future that i can hold the real coin on bitcoin then i also spend it for different store here in my country.
Same here, i also need to exchange my bitcoins into fiat first, then i can spend the money in my real life, because there is no shop that accept bitcoin in my area. That is a major problem that we all are facing at a moment, and if it continues in future too then bitcoin will always depend on fiat and can never get on the mainstream. |
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i think no people who hate bitcoin, because bitcoin make everyone feel comfortable in payment processor.
Read through this thread, there are many reasons of why people are hating on Bitcoin. Most common reasons are people messing up themselves and lose coins as result, or the ignorance factor plays a big role. All this is enough reason for people to hate on Bitcoin. Yes most of the users hates bitcoins because they have lost their money by investing in ponzi sites and they feel that bitcoin is just a scam and cannot survive in a long run. |
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If you are into bitcoin then the first and foremost thing is required is patience without that you can never expect profits, even if you see price going down you should hold it tight and wait for the right time to sell.
Patience is required for holding bitcoin. But we also need more development of the bitcoin environment. It is quite slow recently. you need infrastructure to help bitcoin not only patience, if nothing is done about block reward bitcoin will not go up, people are not stupid, they will not invest in something that it is not complete like bitcoin So do you think that we are stupid to invest in bitcoins? People who have faith in the potential of bitcoins will continue to invest in it no matter whatever price is. |
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believe that best way is to make some sum in dollars then you can calculate how many btc you need
or just aim for some number and then you will be happy in 20 years we dont know what the price will be
it is impossible to calculate how much money you will need as you dont know how long you will live and what your life is going to be though i think 1000 btc should be enough Are you kidding me? Do you know what you are talking about? 1000 btc is insane and not almost impossible for anyone to hold that high amount, even if you manage to have 50 btc then you should be satisfied. |
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Talking about current date i have only around 0.10 bitcoin because i keep on investing in other alts coins and do day trading so in form of bitcoin i may only have near 0.10 BTC.
thats not a lot of bitcoins, you should also remember that you might lose money by trading, i have 1.3 btc right now and i save it in a cold storage If you have 1.3 btc then I think you should go for altcoin trading only if you are comfortable with and if you hold knowledge of it as with altcoin trading you can secure good profits in quick time. |
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we are just one eighth of the predicted price and for 2016 am pretty sure we not going to be any where near the 4000 mark but I have faith in the system one day we are certainly going to to reach $4000 per bitcoin...
Bitcoin will certainly reach that price in future but cannot predict when exactly it will reach there and it will be never easy to achieve that price very easily for sure. |
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i think bitcoin is very useful and popular because customers are using bitcoin.
thats true, the whole popularity comes only from the people themselves as the more the buy the bigger bitcoin gets, people should use it because it is perfect currency Popularity obviously comes from people but awareness between people would only rise if bitcoin gets adopted by the resources and gets into mainstream, because there are still a lot of people does not even know anything about bitcoin and they would only know about it if they see a place accepting bitcoins for buying things. Yes if people see many places where they can spend their coins then it will make them eager to know about bitcoin and they will start collecting information relate to it. |
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I have just earned and never loss my coins as I am safe player and never prefer to invest in any ponzi site and not even in gambling as I am aware that it takes a long time to earn it and a minute to loose it.
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bitcoin will never die imo
Yup, for bitcoin is not a living thing Lolz: v. but the heyday or the use of the bitcoin will surely change with other digital currencies are much more sophisticated and modern, but it is still very long. For we see that there are still no signs of market demand about a better currency again. Enjoy using bitcoin and will certainly get great returns Bitcoin is the best crypto currency at a moment and it will get more developed in future holding some really great price so I don't think bitcoin will be ever dead in future. Bitcoin is the best crypto currency at the moment. But this situation might not last long. There are many good crypto currencies are emerging. If you are talking about altcoins then I don't think that those have that power to replace bitcoins, as bitcoin is too big and after all daddy is daddy. |
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I am using both at a moment as only bitcoin wallet will not help me I also need banks to support my savings as bitcoin has not reached to my place yet so cannot depend only on it at this stage.
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I predict that the next few years bitcoin prices could be greatly improved. with the movement of the current bitcoin is growing, the number of users bitcoin will be many more. some people have even speculated that bitcoin digital currency will be recognized by the world.
Well, actually what you are saying is right, bitcoin is becoming a global currency already although this is not so popular in the world. Wise people use bitcoins in transacting online to save from the high cost of other payment processor while wiser people invest on bitcoin and bet on the future of it. Well as of now that is the fact that bitcoin is not really that popular at all but as the time goes by for sure it is going to become popular at all and many people are going to use it and going to have conscious about bitcoin. And it is possible to happen in 2017. For the small range of time for having it is going to happen. Agreed, we accept that now bitcoin is not too much popular but it is going to popular step wise, because we can judge it the four years halving and in this halving has a clear different and that is number of the people has been increased . So i am also agree that in 2017 bitcoin achieve more popularity in global market. Yes and the users of bitcoins are continuously increasing and it will keep on growing in next year too which will take price to a new level so I think it will be a good year for bitcoin. |
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it's very hard to know the actual number of people who use bitcoin. if you track all btc address it won't be accurate because one man use more than one wallet. if you can track all IP you will know but it's very difficult to do. but, as long I know and found on Google In 2016 survey found more than 100million of people use bitcoin.
Yes its almost impossible to calculate the exact number of users using bitcoin, and I don't think that we should waste our time in thinking that, community is growing for sure and that is the best sign. |
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Let's say I am spending 250 USD to mine a coin of worth 330 USD, selling it immediately doesn't give me a big profit. If I am selling the same coin for 500 USD then thats a good strategy.
(amount spent on mining per coin in FIAT) : (Value of the coin)
when you get a good ratio convert the coin to FIAT.
This comment was so right at the time. I hope OP took that as a good advice. BTC is $580 now so it was definitely not the right time to sell when it was below $300. That was not right to sell for sure and even today its not the right time to sell as price is not too high, hold your coins for few more months and then you will see all time high price of bitcoins. |
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You can save money by creating different portfolios of investments. We have to divide in ratio proportions how much we'd want to save and in what kind of investment scheme. The schemes could vary from Fixed/Recurring deposits with banks, trading in stock markets, mutual funds, Public provident funds and various other methods.
In savings you will not think of investment first, let us say you only receive a little amount of salary, the question is are you still gonna save? The answer is absolutely yes, you need to save as that is compulsory and that would take care of your future in case there are emergencies that would require you to spend money. Saving is actually good for the people who are not rich and are not earning a lot of money every month or everyday because if someone earns a lot he does not need to save anything because he will always have extra money, but the ones who earn a little that can only run their house for the day then they should just a small percent of it. Well for me i just save bitcoins for my future to use it in my own business or to buy an house and lot this is just my dream for my future and for my family.. saving is a good thing for those dreaming for their future.. if you spend a lot of money or bitcoin for nothing and you dont saving you will never be rich even you are making a lot of money. Saving is really important for future, in fact even if you are earning millions but if you are not saving then its useless, as you never know what future holds for you. If you want to save for the future, I'd recommend you to do it in Gold. The price will only keep rising year after year. People will be looking for Gold soon, as it's the only one which can be used as a currency in case of a financial collapse. Investing in gold requires a good amount of capital and you can only invest in that if you are already rich. Majority of the people here are just starting to have there investment because they are encourage by the people who got a successful journey with investing in bitcoin. Agree, gold investments need a huge amount or capital and only rich could definitely do that because average person couldnt do that. Thats right most of the people here are just starting to their investment of bitcoin because they see the big potential of bitcoin in the future. You really don't need huge capital to invest in gold, as now even gold is available in small quantity, you can always buy 1gm or 2gm coins according to your budget. |
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Bitcoin is recovering from bitfinex issue, and those should end on this month, and the current price for sure is the whales forcing it to keep lower soo they can make easy income. Bitcoin will and must readjust its value till end the year.
That could be right. I think the price is kept low so that the whales can accumulate more bitcoin at present. that is right, the price was kept low with all the big sell walls that whales put up back when it was rising, you could see it at big exchanges at the time. and now everybody seem to be happy about this price because they can buy at a low price and accumulate more. These things is expected to be happen, some may panic selling there coins because they see the bitcoins price drop drastically but for sure whales would put up back as you said. Moslt of the bitcoin earners or investors would see this pricedrop as an opportunity to buy more. People who don't have patience will start selling their coins when they see price dropping as they have feeling that it may go even lower in coming days. |
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