for now, bitcoin prices are so high. crash course, can happen anytime. in addition, we also need to consider the price if you do not want to lose if it happens. but, I believe, for the moment, bitcoin prices will still go up, although it rose slowly.
Yes prices that goes up faster tends to fall down hard. In a traders psychology majority if they see that the price is too high a lot of them will be scared and a panic selling is inevitable to happen. It is normal for it to happen as traders they want to maximize profits and prevent from losing anything, even the chance of having a big gain. What I see is that if Bitcoin goes below 1000$ it won't have a problem going back up again in that level. |
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Indeed, people are scared, about new ways to spend and invest there money. The main reason why it's happening in my opinion, it's because of small non informative position of political institutes, which should explain people more about different currencies, and the way they work on our environment.
Bitcoin is a new crypto-currency which allows people to save there founds on a different way, plus you invest in to currency which can change a price in a really fast way the same as down or up (depending on market rules). As I said before mostly people are scared to invest on something not familiar for them and new.
I don't think so, you can have other ways in obtaining Bitcoin for free without the use of your money. From having faucets to signature campaigns, it can save you a lot of bucks for it (in signature campaigns, I mean) . Also the new members are not really confused because of that, because what I know they are misinformed from the start from people luring them to join their HYIPs to people who just want to use their referral code. You see this lead the new members to be misinformed and think that earning Bitcoin can only be that way. |
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Someday I'm sure that fiat will replace bitcoin money, it is because of the influence of the global economy, when many people can receive bitcoin, surely it will beat the fiat money.
I don't think so. Bitcoin cant replace any fiat currency we considered that some countries are banning and regulating Bitcoin. Bitcoin is a alternative crypto currency that we can use in buying goods and we can exchange it to some fiat currency. I don't think that the world even in the near future will embrace the idea of cryptocurrency. Because in terms of practicality Fiat wins in all side, in world wide acceptance we can see that Fiat can be exchange for another foreign fiat currency, What I mean is it can be accepted legally. Not like Bitcoin in which you know is not legal on other parts of the world. Could you imagine that Bitcoin someday will be accepted by farmers, street vendors as a mode of payment? I think not because having fiat which is the most liquid asset is more important to them. |
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What? A currency that is declared dead is worth 1097$ per Coin. Maybe we can say it is dead, or being dead is a good thing meaning it is a rarer type of currency. But Bitcoin right now with an active demand for it cannot be declared dead as it is being use right now for different transactions from buying games to the conversion of Fiat, I won't consider it to be dead because until now the demand is growing everyday.
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If you have 2M usd investment, try to invest in other legit altcoin in cryptocurrency like LTC, I think its the right time to buy this one because the original of this was 0.005 BTC and now its ranging from 0.00363 BTC only, or you can also try Eth, Maid, Xmr, or nem those are good to invest in. i think is very bad sugestion, is bad decision if have 2 milion dollar fiat money and cash only use investment in altcoin, is good to investment in crypto coin only 100k dollar, another money can investment another placed, gold, property or more offline investment It seems to me that investing in bitcoin is very risky because of the unpredictability of his behavior. Any fluctuations can bring only short-term speculative investments are very risky but very profitable. Wow you have 2 Million Dollars yet you don't know where to invest it? How did you even got that money if you don't know how to invest? Getting that tremendous amount requires skills in decision making and risk management also they know how to run their business. So it is either you are telling a lie or you got that kind of money illegally. |
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Face it guys - idea of bitcoin bank is idiotic. We don't need bank to hold our bitcoins, we don't need another parasitic 3rd party.
The only reason people want this "bitcoin bank" to happen is they want to collect accrued interests.
But you tell me how it would work with unstable nature and volatility of BTC? Because I can't really grasp it.
Yup that is right. Banks have the power to limit what your Bitcoin can earn due to its volatility, I know how banks workds you would sign an agreement which you did not know where apparently they have a percentage of your gain and then if your lose money fue to volatility they have no fault into it. It is better to have your money in a Bitcoin Wallet. |
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I am just a newbie and I am trying to earn some, is this site legit?
Are you asking for the Bitcointalk forum? Yes, this site is legal. There is no illegal. You can benefit from the information on the Bitcointalk. You can also win a bitcoin by participating in signature campaigns. This site is a legit site and they won't be doing anything bad because they are not the ones who is opening up signature campaigns, sites outside of the bitcointalk are the ones responsible for payments and handling them. Also in the past months handling the sites who never pay is easy by having a reliable escrow can confirm that they handle funds for that campaign, they give you assurance that if even the campaign promoter runs aways the escrow will still pay you with the funds left. |
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For starters you need to put some quality on your posts. By quality I mean is having good grammar on to it, and also putting some sense on your post relating to the topic. Also the minimum requirement for some signature campaign is Member which will you get when you reach 60 activity which is roughly 2 months after you first joined, but don't expect big pay from it.
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Is it better to save money in bank or invest it online, in real estate or maybe gold?
Whenever, saving money in all aspect was always a good idea, no doubt about it. If you want to make profitable your money it is much better to do Invest into something that you can roll your capital in the business you think it will benefits you. like example if you invest some of your bitcoin into it, surely it will have profit in the near future, or you can do trade in the trading exchange platform. If i do have the money i will surely save some of them and invest some of it because its really good to diversify your money for future profits. This is really a good move and you are right saving money in all aspect is really a good idea because time will come you will surely benefit on that. I don't thinking saving and investing money can be called diversification of your money. In order to diversify your money you need to allot it in different investments or sectors of stocks. Saving money is good but it won't be part of your diversification because it won't move at the same time with your investments, it would just be stable and won't earn anything. |
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I guess one of the best characteristic of a good investor should have is being good at risk management. People who are good at knowing the risk of everything and whether to take it or not will either make or break your decisions. It can also tell if you will earn from that decisions of yours. Also risk takers have the most potential on earning money.
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Isn't that what people are doing right now? Well not exactly but they are trading Cryptocurrencies all together to profit from it. As you can see even right now traders have the chance to profit from every single coin that is being circulated online. However I don't think it is a good idea to hold a big amount of asset "Bitcoin" in such a huge supply as there are many uncertainties that comes with it.
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Nobody will pay 180$ for a barrel. Electric cars from Tesla and hybrid cars from the other companies are already being used by the masses. Soon, only the 3rd world countries will be using oil consuming cars.
The price is around 55$ because it's a sensible price. For now. It will go back to 20$ in a few years.
I don't see it getting back to being that low. It's still a phenomenally cheap energy source for the amount of energy it produces, and there are plenty of developing economies that will be looking to build their wealth by using oil just like the western world did since the beginning of the industrial revolution. Western wealth is built off oil. So even if demand drops in major industrialized nations, including the US, there will be ample demand from third world and other emerging economies, especially in Asia. I don't think it's in any oil producers interest to have oil as cheap as $20, so they're incentivized to cut production to support price. It's a wonder it took them so long to do it this time, but there are a lot of foreign policy implications at play, and they needed to feel the pain for awhile to bring them to their senses. It is inevitable to pay 180$ a barrel because if no oil distribution company buy a oil, all oil powered cars in the world will be useless. Also there is no point mentioning Tesla for being an electric powered car because they are not even available in every country also they are considerably expensive than an oil powered car. People will still buy oil even if it is expensive. |
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i believe the first thing that comes into mind of someone is because bitcoin has a value and can be used to pay things. the second is that it is more convenient than going out with cash.
Yes I agree with you, going out with bitcoin is better because it is more practicaly to use, also we can avoid the inflation. the number of bitcoin demand is always higher than the existing supply. especially in the local market. But still there is only some country that going to apply with this bitcoin technology so it still a way to go. Bitcoin always be lightned our things. We just need some wallet and internet to make sure our transaction is being processed but like I said before there is still much way to go for everyone to know bitcoin better. Although many people know its benefit they still can do much for it I don't think that it is more convenient going out with Bitcoin to the fact that it is not accepted by all. How can it be convenient if only a few businesses accept Bitcoin? For Bitcoin to have full use it needs to be converted to Fiat which has more function than any currency out there. Maybe Bitcoin can win in terms of online shopping but it needs to be more than that. |
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I'm sure technology will find it's way and bitcoin will be used to buy day to day stuff one day. Not sure how tho... we will need to wait and see
Technology might be innovated, but people mindset cannot be shifted so quickly. Many ares in different countries are not aware of Bitcoin till now, and some though knowing does not care about it. So even if technology arrives, the daily usage might not be high. I wish this changes but don't know how much time it would might take. The fact is almost all people as of today is satisfied what payment options they have now. They seeing Bitcoin as one of those less preferred options in which they think others are nore convenient and fast. What Bitcoin needs to prove is that it can compete with other payment systems. |
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It all comes down to Traffic and the Advertising Network you choose. Right now the best way to earn in a faucet is having a large traffic together with the ad provider you choose. I barely know any knowledge into it but in order to even break-even you need to be generous with your faucet and also keep track with your statistic to know what you are doing is right.
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They are not scammers, they have high fee's, there is some strange rule's, depending from country where they operate, and there is always unsatisfied customers. Just because they have bad review from some people doesn't make them scammers, that is just need to be warning for others to read even small letters before they sign up for something.
Correct, the thing that bothers me the most out of Paypal are simply the ridiculous fees you need to pay , that is why bitcoin seems like the best option right now to send money no matter where you are since the fee compared to paypal is still way lower. If you're ebay seller then you should know that ebay sellers have very hard time selling products as they face lots of chargebacks and yes paypal fees is very high which makes sellers to earn very little profit. I remember selling a few things on eBay. After all of the fees I came out with such a fucking horrible deal. I lost money on it, badly and the asshole never even gave me feedback! I hate the place as a seller. It's so buyer friendly but if you sell you're completely fucked. I don't think so. Right now as far as I know if you are a re-seller or seller in Ebay they don't pay taxes as it classifies them they are selling there personal items and don't classify it as their business. As you can see the fees in Paypal is considerably lower than any form of taxes. Sellers in Paypal get away as much burden in selling there items in Paypal. |
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People don't really get into Bitcoin as much because the guys that are using it make it sound more complicating than it already is. If the regular fiat-spending people knew that Bitcoin was just another payment system then I would see people flocking to Bitcoin more.
The coin is growing in value so I would see people going into this thing more because of that fact. The price is at $1055.59 so when people realize that the price was at $0.005 the people will be more skeptical of the price rising and falling rather than the means of payment processing.
If explained as above mate that it is a payment system similar to the fiat system we use regularly people easily understand it. But the convenience makes them to think whether to use it or not, because it doesn't have a physical form as well acceptance is not widely found. So the people realizing its price difference from growth at least starts using as an investment rather than as a currency. No people who use Bitcoin does not complicate things. Because Ive been in there position and all of them are, in fact before you use Bitcoin you are really clueless and greatly misinformed about the idea of it. Bitcoin is something to all the people who want to try it. And the old users try there best to explain what Bitcoin can really do to us, but it has the potential to greatly overwhelm the new people with a lot of new information they just have heard. |
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Paper money might still exist in the future since it has long been trusted by many to be used. There is also a possibility that fiat currencies in the future are in the form of crypto-currency, digital currencies that will be backed by government and not bitcoin since they like their currency to be controllable by them, the government. There is a chance that bitcoin is still alive at that time but it will just be another payment method online.
There is no "might exist" because it will really exist until the future. The government will have anymore ideas on what is a better currency than what they have now. Also Fiat now has a form in cryptocurrency, this is what banks does. Converting your money into debit, you can even make it a credit account. No one will ever try to form a fiat currency into a Virtual money currency because it will be useless. |
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I guessed the right answer there is you can use one wallet. A wallet that can be online at the same time locally. Their are many wallets now that can be both there are even wallets that can convert your Bitcoin directly to Fiat via you Bank Account #. So you don't have to take any problems about sending money to different wallets.
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I guess it is a possibility, all major oil producing countries agreed to cut produtcion or even stop producing Russia, Saudi and USA all agreed into it. Also they have said they have done this because of the over supply of oil. It is a good control because it will be hard for us to have a scarce supply in the future.
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