I do all things with BTC. I buy all things needed, use for expense, exchange the btc to my currency and save them in bank for future use and etc. BTC has become a part of my life.
Exactly bitcoin has become daily routine of our lives and to be honest once I hold btc in my wallet I eagerly keep on checking the rates of bitcoin every now and then. yes that is a fact it has made us addected and now we cannot even any think about bitcoin. i do check the price of bitcoin on regular bases. by the way i am holding my bitcoin for the price increase. because i can hope that the price will start flying in next few days. That's the right thing to do, as price is moving up slowly so we may see all time high price in coming months, so holding for next couple of months is the right choice. |
|
|
|
No i am not buying bitcoins right now.And i have no plan to do that because i dont use bitcoin as an investement.I use it as a normal money whenever i earn some i convert them to fiat or spent them.
its mean that you are only earning it from a signature campaign or from gambling. i can suggest you that that is such a good time to hold bitcoin because it can give a good profit. Yes whatever you are earning at a moment should be kept safe for the future as price will be much higher in future which can give you best possible profits. |
|
|
|
Why this kind of opinion about bitcoin? Bitcoin is increasing every day and many people are expanding their business on bitcoin too.
More people using bitcoin means that more services will be, personally I think that bitcoin has a good potential to be the first digital currency.
Yeah and above all it will be the best digital currency that will be used and accepted everywhere and also holding higher value in future. |
|
|
|
I think it is a good choice to hold it for the long term
the bitcoin will increase in the future. Maybe in a few next years.
Yeah hold some of them and with few of them try your luck on trading and if everything goes fine then you would be able to grow some more coins for the future. |
|
|
|
save your money because invest is to risk
There is always risk when you invest your money you cant take that away, but there is also possibility that your money will grow if you invest it. i guess if you dont try someting you wont gain anything. If you want to earn higher profits in future then you need to have courage of taking risk, higher rewards comes with higher risks, and if your investment clicks in right way then it will give best returns. |
|
|
|
Yes I still believe in fiat as for my daily needs I am forced to use fiat, if bitcoin merchants would grow exponentially in near future then it will be a greaat news foe me.
It will be great news for all of us but the fact is we cannot expect that everyone will start using bitcoin there will be many people who will continue to use fiat and credit card for making purchases. |
|
|
|
If want to become rich? Do what just put in your mind that no one can stop you to become rich by doing good servant to God. And make action for it not only in your dreams go work with it so that you can earn and do bussiness and make your dream come true. Put God first in your dream and make action fot it i know its work.
Yes put God first, seek ye first His kingdom and all these things shall be added unto you. It is written in Matthew 6:33, ask first God for help so that you are going to be successful. And after the job is you the one that will going to work for it. It is needed because God cannot moved along if you aren't going to do something. yes of course we have to be balanced in prayer and effort, if you just pray and not a effort, your life will not change. The most important to me is to pray and keep trying. because great effort, will get good results. We all have faith in God and God will help us by providing opportunities, and now it depends on us that we don't miss out any opportunity, because opportunity will knock only once. I believe that He is going to make me rich in the future but I cannot do it alone with my strength of course I can't do nothing without Him. I will do my best and God will do the rest. Riches are not just going to fall from heaven. You need to work for it and God will move in it. If you want to get rich you can only pray to God, but the efforts should me made from your end, as only praying will not make you rich. You will never get rich without making a good effort, you need to work so that luck will favor you. Just do your thing and do it with the best of you and everything will follow, God is watching us and he will reward those who working hard. Yeah never give up, as the path of richness is not easy, you need to face many challenges and difficulties before reaching there, your attitude will determine your success. |
|
|
|
Will find the reason why bitcoin drop to $1 first and if the reason make sense or a lot people still interresting in bitcoin then I will buy it as much as I can. But I think its impossible for bitcoin to drop so deep in the near future.
If the reason is that something new have come i am sure I would not buy again, but rater sell my current stash. But if it was just another pump and dump scene, well yeah it makes sense to buy again. I think that I first would find out fast why the Bitcoin is that low and if it is legit and if know that the price is going to rise eventually. If the price us not going to rise any more after that then it would not make sense to buy Bitcoin. If price falls to $1 then many people will start buying it, which will take price again to a higher level not too high but it would be enough to make good profits. |
|
|
|
|
With current price I don't think its possible to earn a living with it as you need to earn lots of bitcoin to have a good and comfortable life and which should also take care of your family.
|
|
|
|
Couple of things - Shipping is fast and a little fee is the best reason for consumers. They can send instant payment worldwide. Also in addition to making bitcoin wallet is not as complicated as paypal is. BTC can be bought easily from various exchanges and can be sold as well instantly.
Yes Bitcoin is a good way to pay. Online payment with low transaction fee then other payment processor and sometimes we get many offers on products too if we pay with Bitcoin.  sorry to be if you are transforming bitcoin through online then you have to pay the online fee. my personal view is that people will use bitcoin because it will be convenience for them to use it. I think people will be more comfortable with credit card for making payments, and people will prefer to use bitcoin for online transactions and for money transfers. |
|
|
|
Wow! that is a good amount,
I I get that amount and have to get withdraw that amount with an exchange to my bank account then I will provide the exact information to my bank from where I get that amount, because I will not get any amount of money illegal. so I will not need to hide the source of my income.
No doubt its not illegal but once you disclose it in bank then you need to pay taxes on it which are too high, better option is to convert it in cash on installment basis. |
|
|
|
It's very hard to spend bitcoins actively and usefull at the same time cause it's not accepted by many good online shops and and i can't use it offline in my city.
Yeaaa it was bitcoin main problem but soon or later it will solved . Many merchants will accept bitcoin as payment processor, it is just the matter of time. People will realize how easy and useful using bitcoin than use physical currency. Exactly it will be done in future for sure, and for that we need to have some patience and at a moment we have option of spending it online so we should be satisfied with it. |
|
|
|
i will prefer save your money and invest only from profits . example suppose you invested 0.1btc and you got profit of 0.12btc then invest the 0.02btc only at next turn i know that will make it too slow but this can be what i call a safe play
it is a strategy that is pretty good, but I guess it will take a long time if you use the 0.1 BTC for starters investment. indeed very good for investment in bitcoin, rather than just saving money. but I guess it's better to collect your money and then you invest the money you have in the form of bitcoin. maybe one bitcoin is enough for that. i think nowadays putting our money to bitcoin and hold them for longer is much better investment, as we all know that the price of bitcoin will increase as it increase in the last two months, so in that we have the chance to see doubling our money and after that we have to think to invest in something else. Yeah if you have any plan to invest your money then I think bitcoin is the best option available at a moment as price ups and downs will will allow you to make quick profits. |
|
|
|
Yes, it's slowly rising each day on 5-8$ and i am very happy, i hope this rising will reach $700 or maybe more goal and i will sell my bitcoins after this.
Lol I thought the price did not rise every day maybe it was just your mind alone. tomorrow may be the price drops below $650 I think this is a cycle that must happen in bitcoin "up and fall" yeah I also hope that the $ 700 could happen. let alone halving not give effect yet Of course all of these people are impatient with it Price has stuck at $660 now and I think it will take some time to reach to the price of $700, if people will start buying now then we can see even more higher price in next few weeks. |
|
|
|
I don't think so. Banks are the foundation of money in general.
Soon enough, banks may actually use bitcoin as one of the main currencies.
That is possible that banks will start adopting bitcoin, but there is no chance that bitcoin can replace banks as the size of banking system is too huge, comparatively bitcoin is still too small. Yep. The bitcoin market cap is just too small to even challenge all banks. There are already banks in London that are thinking of adopting bitcoins. Just look it up in your search engines and you will surely be able to find those news. True, unless bitcoin exponentially increases the market cap, which would seem impossible because of how high the difficulty would have to rise for new blocks to be mined. I think it would make banks stronger if banks utilized bitcoin in their business. yes i am agree with you. i also think that bitcoin will even make the banks more stronger and stable. if once they accept bitcoin and let the people do transaction on betting. You mean to say that betting on gambling? That will never happen as gambling is illegal in many countries and banks believes in legal business and to be honest banks will never support bitcoins for sure. |
|
|
|
|
I am earning it for me and my family, I am single at a moment and never thought of saving it for my grand child as may be at that time bitcoin would be replaced by some other currency.
|
|
|
|
|
I think I will be totally disappointed and feel very down if I loose that huge amount, as loosing that amount means getting bankrupt which can also affect you mentally.
|
|
|
|
I am not really making use of Bitcoin because using it as a currency does not make to much sense for me.
What I am doing is holding on to them to make a profit in the future.
Majority of users are not using it as a currency is only because they don't find many places where they can spend and that is the reason they prefer to hold which is not good for bitcoin as a currency. Keeping coins idle without using it will affect the price of bitcoin in future, if you cannot spend it at any offline store then its recommended to sell it and convert it to local currency. |
|
|
|
Bit of both but primarily investment for me. I think that's how it's going to end up for most people. The currency bit comes after it's been established as a store of value cum investment.
Yeah many of us are considering it as an best investment for the future as everyone is expecting that price will skyrocket in future so buying now is the best option. |
|
|
|
I'm also a newbie, thank you to this thread, I learned many things to collect some bitcoin, I hope there's many more post here that the newbie get the information.
Just keep on reading there's a lot of ways to collect bitcoin you just need to be hard working and always active reading threads about it. And don't get fall to the trick of hyip's, cloud mining and gambling better to stay away with it because you will not grow with that way. Yes newbies gets very easily attracted towards gambling and hyip's to multiply their coins in a quick time and end up loosing everything, so its better to find safer ways to collect bitcoins. |
|
|
|
|
Show Posts
