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The investment prospect it has is the reason why people hold bitcoin. It can be held for long and then you would double the value of it when exchanged, it is like a short term form of making big money
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That question is funny though, but its still a question that needs to be answered. People should use bitcoin to help safeguard their funds and protect themselves from hackers hacking their cards to steal money.
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Apart from the post points you have mentioned for me bitcoin gives an immense stability to me by providing Internet based income. This income is additional for me with which I can buy many stuff for me and my family. I'm grateful to it in many ways, as it has given the financial freedom which I couldn't get from real job that I'm doing. Moreover time is the barrier in real life.
There are many reason why I chose bitcoin, But I will give 1 top reason, that is decentralization of bitcoin. Because of this features of bitcoin all government in each country are not capable to control it. That's why we bitcoin enthusiast called "The bank of our own savings". Undoubtedly, majority of the investors are attracted towards bitcoins because of their decentralized nature. Decentralization gives them complete control over their money and they can sue it anyway they want without paying any tax to the government. What I like most is its anonymity. |
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I don’t know about other people but I prefer bitcoin over fiat because of its power. I mean the power to increase value and decrease value with the latter being the main reason. Fiat money doesn’t increase value easily
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Can you really be sure you will profit unless you have insider info?
I guess you can call trading "educated guessing" as well because you really don't precisely know what's the next movement of the pair you are trading unless as what you said you have an insider info but you can still profit even if you don't have insider info if you are educated enough that you have a trading plan whatever happens whether the market is with you or against you. Through the combination of experience, knowledge of the coin and the technical and fundamental analysis, you can still profit even if you don't have an insider info but the possibility to profit is likely higher when you have one. As you said that the complete knowledge of a particular coin is required to earn profit with that coin, then how can you call trading as an educated guessing? Trading is not gambling where you play with mere guesses. Trading has some set patterns and the one who has good knowledge of this market can make millions within a week. It’s not guess, and there is nothing like “Educated Guessing”, because no one teaches anything about guessing, lol. You just learn about trading, how it works, the right time to invest, the right stock to hit and when to sell. |
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You’re not the first person i’m seeing actually saying that trading the market sucks and would rather keep the coins than trade with it. Come to face it. Trading the market isn’t actually for the light at heart. It is for the experts who are ready to take the risk.
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From my own point I think you should sell when the market price is very high and you can predict its going to start plunging soon. With that mindset all you’re going to be doing is just watching the charts and keep noticing any slight change in prices.
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I called around some stores to see if they accept BTC, no one has even heard of it except like 0.1% of people. Wait till people actually find out this exists...
This really means that there are lot of people that have not yet about bitcoin maybe there are times that they only heard it but they didn't hesitate to ask what it is. They just ignored bitcoin as well as ignoring the opportunities to earn bitcoin for their future. I'm glad that I was one of early people that already know about bitcoin and bitcoiner's that already earn some bitcoins, it's like a blessing for me. People will hardly accept accept bitcoin in local stores, so what you have to do is use your Bitcoin debit card, if you have one. The only stores that can easily accept bitcoin is online stores, but if you go around expecting local stores to do that, then you’re wasting time. |
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It doesn’t seem to ever end I guess its because some people’s rights are always being trampled upon and those guys then turn out to be the bad guys and start wreaking havoc in the society. Provided human rights are not respected terrorism won’t stop..
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Bitcoin isn’t actually better than gold, the only thing is its high yield is higher than gold. Bitcoin is relatively smaller than gold but has value far greater than gold. Gold can be used to buy anything and anywhere, but bitcoin is limited to only few places.
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I know we are still at a start of cryptocurrencies, but bitcoin is growing with lightning speed right now and some banks already see it as a potential threat.
There has been a lot of accusations form banks, that bitcoin is perfect for money laundering and is used for supporting crime.
I think they can do a lot of harm to bitcoin market and they will eventually start with harsh campaign against it.
Do you think it will happen and when?
Banks will start waging war against bitcoin once they start losing lots of capital and putting a lot of bankers out of job. Presently they don’t seem to be bothered because the market stable and this guarantees them their job and capital. |
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Bitcoin has power nowadays because of the high demand for it in the market. There are a lot of people who want to buy or sell bitcoin and that has increased the value and power of bitcoin. If there wasn’t so much demand for it in the world then it wouldn’t be so valued.
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It isn’t only a good way to invest money but also the one of the best ways to invest money(in this case money that one isn’t scared of losing) because of the volatility of the market. I would encourage that you only invest with money you aren’t scared of losing.
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The stock market is better than the bitcoin market in the sense that the stock market is safer and not as volatile as the bitcoin market. The stock market is for patient investors who are ready to wait years and months and be assured that the market won’t crash wholly in a day.
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Bitcoin is going to survive even 500 years. The currency has evolved to stay and nothing is going to stop it. Just like every currency that has survived the since times of old. Bitcoin is going to reshape transactions and also reshape the world.
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Bitcoin is not a business but an opportunity, it is an investment that when fully harnessed can transform your life in the twinkle of an eye. It is a business venture in which anyone can invest in irrespective of age, class, race e.t.c it is the new order of the day
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I like to join here any possibilities to open a new slot for my rank ? Thank you !
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Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.
These "some people" are the bitcoin users themselves. Personally, if I can get paid with bitcoins, I would accept it wholeheartedly. Just the price increase of bitcoin is enough reason for us to use bitcoin and hold it. You're making money by just being in the game. You don't have to trade or anything, you simply have to hold. I believe there is no misuse of something. If you buy a gun and you killed your own father using it, did you misuse the gun if the inventor of the gun made it for the purpose of hunting deers and pigs? People are going to use bitcoin for whichever way they want and we can never change that. If bitcoin is being accepted for drug activities, porn, and any other shady activities, I believe bitcoin is just doing its purpose. To be used as a currency anonymously. Wow, total sense and I could not agree more with you mate. This is really a good view of using bitcoin and its implications. I am now accumulating bitcoin in the side of my main income source and all of the bitcoin accumulated is being saved for years. This is so amazing you don’t agree with a person with sense lol... Anyway this is good to collect the bitcoin beside your other source of income. I prefer the BTC more than anything else because I know the potential of the bitcoin. I am pretty confident about the bitcoin that it can give me much better result than keeping fiat. |
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What is going on in this crazy world of cryptocurrencies ? Heard of some countries to launch their national cryptocurrency, now seeing someone launch one in the name of religion. Tomorrow we will have have bible compliant and the Torah compliant or an even older Vedic cryptocoin or perhaps ISIS will launch their own cryptocoin ?
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