It is actually good that you have the three best crypto specially bitcoin. Bitcoin will surely uprise this year because it'll become more popular. I also advice you to find good ICOs out there because it'll give you bigger profit.
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I'll still go with physical money. Although it is easier to transact if we use digital currencies, there are things that can't be done by electronic money. one if those is,electronic money is money only works if you have internet.
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I know 3 ways on how to make money out of crypto currencies. First one is,joining bounty campaigns. Next one is trading but you need enough knowledge to trade. And other one is mining although I still dont try mining,it is consider as a good way to make money.
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I think it is sort of impossible for bitcoin to replace physical money. First of all,our own government will not agree if something like this is proposed. The reason is because people are used to using physical money than crypto currencies. Some people are not even aware about this type of money. Secondly, bitcoin is a decentralized currency.
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I think the first thing you must do is to work hard to upgrade you rank. You can't get bitcoin unless your rank is jr.member or higher. But of course,before anything else you need to get a lot of good and right information about bitcoin because bitcoin isn't just getting money or opportunity to earn money but also about the world of cryptocurrency.
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I think bitcoin is actually a good way to invest your money since it is profitable,and you'll get really a big amount of profit if you'll work hard. Not only that,since you are letting go of a big amount of money,you have to accept that you'll risk it to gain a big profit. However,some people say that investing in a good term is much better.
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I agree that ICO is the new way to get free money. But of course,this includes hardwork and a lot of effort before you will get that 'free' money,meaning it is not actually free. But since,there are a lot of scammers out there,its up to you to decide if you will trust the ICO or not. Read their whitepaper and look into their developers is the best way to know if its a scam or not.
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There are actually a lot of ways to earn btc,but it is much easier if you invest btc then it'll profit. also,if you join bounty campaigns,you'll get much btc profit. Some says that trading is also a good way to earn btc,but it depends if it's short tern or long term trading.
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I dont know who's Warren Buffet,but looking to what he just said,I think he have hidden anger with bitcoin. But well,we can't blame him. Bitcoin is working by internet means, it is a digital currency,and some people dont trust internet because of the 'trouble' it gives,so it seems they believe that it is fake. Actually ,it is really traumatic,and it's a good thing that I know bitcoin is real because I witnessed friends of mine who owns bitcoin. Maybe bitcoin is not yet a currency but someday,hopefully,it'll be.
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Since bitcoin is manipulated by the internet. I am afraid of the hackers that might break in my account. Eventhough I still dont have big amount of bitcoin in my wallet,I'll still be disappointed because it is the fruit of my hardwork. Also,unlike physical money, you can't transact with bitcoin because it isn't still approved by the government as a mode of payment.
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As was stated in the Law of demand, higher demand leads to higher supply needed. Bitcoin is now in demand in the market since many millionaires nowadays are into altcoins. of course, not only millionaires,but also typical type of people who wants their money to gain bigger than before. Since there are many people believes in bitcoin, its value is high.
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Actually it is the right time for you to join bitcoin. Although bitcoin and Ethereum's values are increasing because its getting popular nowadays,many investor are still taking risk to invest because they know that crypto currencies are profitable. It is better to invest now since bitcoin's value is volatile we can't tell if it'll pump or dump in 2018.
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Although bitcoin's follower and believer is increasing everyday,its still isn't enough compared to the number of people who trust banks and have their money rest in it. If banks will disappear,it'll be difficult to transact for people who don't have any idea what bitcoin is. However,bitcoin is inclined with technology,if the technology we have now would upgrade big time,then it might be possible that bitcoin will replace banks.
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We are all afraid and worried that someone will know and hack our account. Not only know that,bitcoin holders are afraid that the government will ban bitcoin in our own country. But as for me,I'm afraid that someday,bitcoin will be worthless and will drop to its lowest value. Since it's volatile, it is not impossible that someday its price will go down. I'm afraid that someday it's will be zero.
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I don't think it is appropriate if you quit your present job and focus on investing bitcoin. Yes it is true that bitcoin will give you opportunity to earn money and make living, but it is nothing compared to the job you have now. Even if you think that you're earning larger amount of money in bitcoin than your job's salary, it is better if you have the two so that your earnings are larger compared to bitcoin alone.
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We have the same concern. I wanted to increase my ethereum holding but I'm afraid that by the time I have secured my funds, I'll enter the market late and suffer losses. So for the meantime (for both of us, I think) let the dust settle and keep watch of the price and news regarding it.
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Damn...I hope you hodled your ethers back then; you would've achieved astronomical profit right now. I should have taken the sign then and bought some before it has reached 400$. Anyhow, I'll be waiting for the dip and definitely buy.
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Its just textbook supply and demand but just done in a very "unfriendly" way as it does not have a central bank controlling the price. Bitcoin is also made in such a way (decentralized) that whales can control the market significantly which also contributes to its volatility.
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I will undoubtedly place it in a cold storage and hold it for a long time. As we all know that its value continues to rise up as the time passes by so I would not let this opportunity come to pass to become wealthy.
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Using it in more sites achieves two works namely, to increase its popularity and the other is to help with its circulation. The next viable answer is a president endorsing the use of it; it would remove the doubts of many non-believers in a certain country.
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