if you save your money you will get nothing
I think it is time to invest your money to get earn for your investment
I personally, If I have money I dont think to save it , I want to invest it.
I think both are important, you need to save because in the future there might be some desperate need of money and when you invest all of it you will not get anything because investment also does not guarantee that you money will grow, sometimes you fall. Yup saving is important as if your investment goes wrong then saving will help you as a back up money which can be used at the time of emergencies. thats one of the purpose of having a savings, it would be used for emergencies or any circumstances in the future which involved financial problems. Its a life saving situation when you have an emergency fund or savings since you can easily use those funds to back up the certain situation. Yes saving should be our primary concern, and people who cannot afford to invest big will prefer to save first and then after reaching to certain value will prefer to invest it somewhere. It is always a good plan even to those people who dont have enough money to make such investments because they lack of funds. A wise person would make a way and saving money until he/she reaches his goal on the exact amount then he would make an investment to expand or maximize its profit. We can all do that if we are willing to save, the problem with the people is they have big dreams that they will have a comfortable life in the future but failed to execute the plan in the present time, the present will always dictate the future, if we don't invest now we will not earn in the future, very simply right? Agreed, to have better and comfortable life in future we need to act in present and should be ready with great action plan and if you follow that plan then you can earn great profits in future. Its just a normal thing to do, if you have plan on having a good and comfortable future then you must act and do whatever it takes in the present so that you would achieve that goal because if you planned a certain thing but you have no action then it would be useless. Exactly, because that is our dream to be rich in the future so we should be more responsible now and do hard work with our current job so by the time we will be promoted we will receive a bigger salary and we can save more. It really depends on our action on how to build up in the present . We should do hard work and time and effort so that we would be successful in the future years. When you are already earning enough to make a savings then dont forget to save. Saving is definitely safe in compare to investment, but we cannot afford to rely only on one, our financial plan should be a combination of savings and investments both to have a great life ahead. |
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I want ask anyone if i give you 10 Btc what will you do. because i want investment but i have no any good idea to invest it (except gambling) but i don't like dambling.So i want ask you viewS.
Unfortunately, there aren't many places where we can invest our bitcoins but we can try trading them in altcoins and vise versa but this task requires lots of time, stress and we need to be very patient. I try as much as possible to not spend them in unnecessary things and not to cashout, was thinking to spend on cloud mining but that does not worth. Spending your bitcoin in cloudmining sites would be a bad idea because most of the cloudmining sites out there turns out to scam in the long run which is a really waste of your money. Trading would be a good investment but it still requires effort and observation and you must be aware of those sh*t coins out there. Yeah you need to be very careful while investing in altcoins as their future is unpredictable and it can be really risky as we don't know how long it will survive. |
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Do you think that Bitcointalk is a good way to get knowledge and information about Bitcoins?? because Bitcointalk is very useful for me to get information about Bitcoin.
I agree with you. Although there many sites that share information about Bitcoin I prefer to stick to Bitcointalk because if information is worth attention it will appear here for sure. Bitcointalk have a lot of info regarding bitcoin. Even if you search in the google about bitcoin info. The majority of the result is bincointalk forum thread. This forum is very useful besides from info ,you can have profit here by joining different campaigns and participating to raffle and contest Yup and I think google will complicate things and even will show those results which may not be genuine but here we will find active users and updated information related to bitcoins. |
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I think that 2017 can't beat 2016 casue of halving, but if price in 2017 will be around $600 it's okay, but i don't really want to see $450 price again.
well anything is possible right now, in my opinion the price would also be possible to go even over than the price that was this year because more people will adopt This year actually is very crucial and it would dictate the outcome of 2017, let us hope for the best for the year 2016 to reflect its success in 2017. I think the price now is already good but we are still pushing it to go to $1,000 and that is a major improvement if it could happen. yeah price is moving in positive direction at a moment and we will see much higher price in the end of the year and if that happens then next year will be the best year for bitcoins. I don't the price will raising for higher in the next year, because maybe the situation will always like this, because i think like the halving it's not giving a spesificant impact for bicoin until this time and maybe fr next period. We will see higher price in next year, as there will be many more investors who will invest their money and if adoption goes higher then price will also follow the same. True price in 2017 will be better than this year because I'm sure would be an improvement. The price increase in the next year will be achieved because of the adoption of bitcoin so many people who know and use bitcoin. We saw major improvement in bitcoin not only in price but also in its usage in compare to last year, now we have many sites that accepts bitcoin as a payment method and it will keep on increasing in future too. True now several sites already using bitcoin payment. It was very good because it can make people more familiar with bitcoin. I'm sure 2017 will be even more so the price will be high. The price should be increase because of the adoption of bitcoin even there is hacking issue last few weeks.. its not the case that we stop using bitcoin because its a common problem for bitcoin and its always happening every year.. Also more adoption will come for bitcoin so that the price should be increase more soon, Adoption is increasing and its higher in compare to last year, and that is the reason saw growth in the price of bitcoin in this year, in 2017 price will surely touch to $1000. |
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That is the right thing to do, do not invest where there is no guarantee of returns, in fact best way to get returns is by holding and saving it for future.
Also never try once with HYIP or ponzi scheme behind of cloud mining service it's just collapsed soon after they has much money from investor and ran away . The safest investment i think is trading , you can get a good return but also a loss you have if you choose wrong coin. good thinking, that we should not invest in sites that do not have a guaranteed of return. such as unreasonable deals include doubler or HYIP sites. The current trade is the best way, the advantage is definitely depending on our knowledge. there is a lot of information about the coins in this forum, before you really going to buy it, to avoid the wrong choose coins. If you want to invest in altcoin trading then proper research becomes mandatory to avoid loss in future as there are many coins which can disappear even in a single day. |
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If the bitcoin price is double than what you bought them at,there is no harm in selling your coins and make some profit.There is highly unlikely that bitcoin price will become stable and you can always buy when price lowers
thats true, though unfortunately the price does not always grow when you buy your bitcoins so you might be losing your money either Price will go higher in future so if you invest now in bitcoins then you can expect good profits in future so I don't think there is any risk in investing money in it. |
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Oh yes, i earn bitcoin so i can spend it on the things i like, i sometimes spend it on gambling and sometimes change it to fiat and buy myself good food and some games, it feels good to be able to spend something using the coin that you earned so hard
That's true man, but we also need to consider that spending all our money is not good all the time. We have to think of the future and since you are in the crypto world and it has given you the opportunity to earn good amount of money, you also need to save and to investment for the future. If you want to make good profits from bitcoin then try to collect as much as coins at a moment and save it for the future to earn more profits from it. |
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In Israel I bought a vegan dinner once, at a cafe and payed in BTC
Oh really? Then I want to go to Israel. Lol. Here in our country it is not yet considered as a currency , as a money to buy food or regular things that we bought for our daily use. But we could withdraw it and it will be automatically converted into our fiat currency. Hope that oneday bitcoin will be widely accepted and considered as payment just like the normal money. At a moment if we have to spend our coins then we need to convert it to fiat and then spend as there are not many places where we can spend our coins directly. |
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5 btc I will sell when price reaches to $1k and rest 5 btc I will save for the future hoping to earn much higher profits in future, its better to play safe and not take risk of investing it somewhere.
indeed save for long term bitcoin is very much better than gambling or else way but the main problem for long term holding is we never know in what year bitcoin will reach $1k or above and it takes more patience to waiting your target sell because for me waiting is the boring time in my life and currently long term holding doesn't suitable any longer for me That's true holding for a long time is not guaranteed that you are going to earn from it. But if we are going to base it on what happened for those bitcoin millionaires it is the way that they did on how they did became a bitcoin millionaire. Well it is also good to consider that holding that amount up to your satisfactory price. from my point view eventually holding will give you an advantage during bitcoin keep exist and you can be patient until prices rise above the price before you buy it. Holding will give you an advantage only if you know what is the right time to sell your coins, sell it when you are making profits rather then holding it too longer. |
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I think we are going back to 400 $ again , miners moved to other coins like eth \etc
Are you serious? I don't see it happening at a moment, price is going up slowly now and we can expect the same rise in coming months, $500 will be the maximum bottom nothing below that. |
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I consider bitcoin as a currency and I use it like that.I dont believe in holding bitcoin and depriving others of owning them at low price
a lot of people like you who just buy bitcoin and then spend it on something if you not believe if by holding bitcoin can get a profit it's up to you, due to the fact many have earned huge profits simply by holding bitcoin Yes it is really possible but holding it can't applied to those who are holding only less amount of coins. You can't feel the profit if you are only holding less amount of coins and the time you will spend waiting for your high price increase is really not worth it. Satisify with just $100 or $200 a year earnings?? So if you are not satisfied with your earnings then you should always go for trading by investing the amount that you are holding, and it will allow you to make higher profits. |
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Bitcoin will never be broken because we use this as ecurrency and payment for a job or anything and stock limit
And also we use it for our real life to buy goods, services or to pay for bills and also it uses it for any company
thats why bitcoin will never broken..
I don't think bitcoin will last forever. In future, there's a chance bitcoin might disappeared and other cryptocurrency take over bitcoin place. We can't predict bitcoin would disappeared or not, because technology keeps evolves. nah, don't think bitcoin will ever be replaced by an other crypto currency. if bitcoin happens to be replaced, then it will be by something not crypto related. and i am fairly sure that it will come from a bank or government. Yup the future of bitcoin will depend on how Government views it, if Government will start supporting bitcoin then it will become more popular and it will reach to new heights in future. well, my point was more that banks and/or governments at some point will come up with something that may get the majority of the people to use that. one thing is sure, the average joe is ready to adopt anything coming from a bank or government. that's the advantage they have over bitcoin. that aside, bitcoin will never get supported by the government. just for the sole reason that it is something they can't control. everything happens outside their reach. that's pissing them off badly.  Even if Government don't support bitcoin there is nothing to worry as bitcoin is decentralized currency even Government cannot control it so bitcoin will never disappear. |
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im also keeping all my bitcoins right now, i think it is the best way to make some income with your bitcoins if you dont want to risk losing money at all
Saving bitcoin also has risk since we all know that bitcoin has a regular price fluctuations so I think it's not appropriate to say that if a person doesn't want a risk, they can just keep their coins. To those who are saving bitcoin, you must play with the risk. Don't also think that it's a safe one since it will just turn to you a relax one. Play with your coins in short term and make best use of each and every price fluctuation that you come across, sell it even if you are making small profits from it. |
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The dream is still very alive, but you have to wait for longer since we are not super early adopters but we are early adopters, so at least 10+ years until we can become rich as BTC will go to 1 million non-inflation dollars and then we can retire for once.
Yes the get rich quick times are definitely over if not a black svan event suddenly takes place. I also believe a timeframe of 10-15 years from now could make you a wealthy person if you have the patience to hold your coins that long. However I'm not sure if $1million/ can be reached that soon.But definitely six figures, if Bitcoin should still be the main coin around that time and the majority is focusing on it. My aim is to accumulate 10 bitcoins in the next 20 years. So that when I retire then, I will be multimillionaire. 10 bitcoins in 20 years? Aint that too long?  how about a bitcoin per year? That would still sound realistic and can be accumulated though working online. even it is sounds like unrealistic , just keep dreaming it won't hurt you. dream can make you doing something impossible , dreaming gives you a purpose in life, and make them as real as anything. so i will dream to hold 1,000 by the end of this year and hold it until 2017 when bitcoin price hit $10,000! Actually we dream what we desires, so keep on dreaming one day you may hit what you desired. My desire is to earn 20 btc and the price to peak $10,000, if both happens I will become rich. Make a goal of earning 2 btc per year and if you successfully achieve it then in next 10 years you will be holding 20 btc which will allow you to get retire early from your work. |
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I am not active spender at a moment, I only spend when I am in need of money, I sell it and convert it to my local currency but majority of them I am saving for future.
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Are you inspired by those bitcoin millionaires? Are you thinking of filing a resignation letter on your day job (if you have any) and focus on bitcoin instead?
Me? I do have a day job and I consider bitcoin as my side job. I don't want to lose that another source of income just because bitcoin is awesome.
Yes i am very inspired, what is the price to quit daytime job? Earn example $4000/month? Well if you are going to earn $4,000 per month then that is a reasonable earning to quit your day time job. Even I if I'm earning that amount stable on bitcoin then I am going to choose bitcoin either. But I can't even think that is it really possible to earn $4,000 per month and maybe you are going to have a lot of source too. Yea like trading? Mining on ASIC is not profitable. If you dont have 10-50 PH/s mining power. but ethereum mining is still profitable, i earn arround 4 etc perday, using 2x r9 390 + r9 280x i get arround 82.5mhs. i think if you have big capital better to leave your job and focus at mining. it is quite profitable, maybe I need a large initial capital, so that I can get great results every week, and without doing nothing. so I think for this you do not need to leave the job, but if the work is too tired for you, better leave it. Actually as an employee, the most important to us is we are receiving a good pay, even if the work is so tiring but if we are compensated with a good benefits, we will disregard the tiredness in work and we will be more focus in doing our work to impress our bosses. I do not think about salaries, but about the comfort of work. although I earn a good salary, but the work was very tiring and uncomfortable. I better leave that job and would rather take the full time for bitcoin, without pressure from the boss. Yeah and bitcoin allows us flexibility to work and we don't have to follow the same boring schedule like day job and the best thing is you can also give reasonable time to your family if you are working from home. |
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it would make us very rich. I do not want to live in luxury. I prefer to keep bitcoin I have and invest in gold. because I know that life will not always happy. many things can happen.
yeah i would be rich then too, i think i would just sell all my bitcoins then because i would want to get a lot of profit out of the bitcoins i own right now I think it is impossible for bitcoin to be able to reach $ 1mu. because it is the price that is unreasonable? to reach $ 1,000 it is very hard. let alone reached $ 1m Yeah that is not possible to achieve that price ever in future, its too high to expect from bitcoin and I would be much satisfied even if reaches to $10k mark in future. |
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I also never tried alcoins trading or collecting any of the altcoins.I tried to collect dogecoins and litecoins at the start but dogecoins got down by quiet a good amount after that and then i stopped collecting any of the altcoins,i dont trust them much and also i dont have much knowledge about that.
Well altcoin trading is for profit taking only and it's fine if people doesn't like this method. It's just an option for everyone to maximize their earning methods. But you know it's worth to try. Give it a shot and build experience. That experience will help you to decide your future actions. Definitely try altcoin trade was a good experience and a must-try. We can get a lot of advantages there. It could be we collect bitcoin easily. For the plan to be rich in bitcoin is not enough just to use one way because if we want to get a lot of bitcoin we must strive in order to earn more profits and become rich. Yes altcoin trading can considered as one of the side method to earn bitcoin. Yes it has risk but if a person really likes to try this method, they can build experience like what Im stating. But don't ever force yourself to a method that you don't really like. If a person earns decently from their preferred method then it's good to just focus there. Yup altcoin trading is really good to make some quick profits but you need to be very careful in choosing your coin, yesterday I bought few ETC when price dropped, I am hoping that it will bounce back again. Yes that's why before choosing a "right" coin, learn to make some analysis first and test out some small amount at first. If you think you can handle the risk then go now and start your altcoin trading experience. Yes a risky one but if all in all this is a dangerous method, no one will do this method but you see there are lots of persons in the community doing altcoin trades. Its all about investing time in doing research related to market, after the good research you can get idea where to invest and when to invest, if you want to make quick profits the taking risk is mandatory. |
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It's up to people to make the banks disappear. The blockchain is a ready to go replacement
Up to people? You mean the people governed or the owners? The blockchain aint ready for replacement. I dont see any talks about replacing the banks. This is just a thread here not the news. Yeah and I don't think that will ever happen, bitcoin it not too big that it can replace strongest financial institution and the fact is people have more faith in banks in compare to bitcoins. |
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Where in the US can you actually use bitcoin to buy anything normal? The only places I know to spend bitcoin are online. And no, I haven't spent any in real life and haven't yet had to. The USD hasn't hyperinflated yet and bitcoin hasn't yet taken over. Don't think it's ever going to, but in any case I can't find a restaurant or convenience store to spend bitcoin at. I think if I saw one of those signs "we accept bitcoin" on a shop's wall I'd definitely do it just for the novelty.
That's actually a sign of progress when you see some shops that are accepting bitcoins, that would also mean that they are supporting the platform and by doing that they have help the economy of bitcoins and would attract some competitors of their business to also adopt. We cant really stop the progress of bitcoin in near future since it wouldnt stop to develop and many would surely adopt it in next generation since bitcoin is becoming popular day by day and some countries could recognize already its existence and they would decide to adopt on their place which is really good for bitcoin holders. The future of bitcoin is bright and its successfully moving towards it and in future it will be widely used and accepted, its just matter of time and everything will be fine. |
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