I think i will be crazy if that happens and especially if it's my own fault like i forget the password of the wallet and i can't retrieve it anymore. I also think that i will quit doing bitcoin because it is very frustrating for me to lost all my bitcoins in just a very silly move  . Yes that's true and I have experienced this scenario in the past when I lost my coins from my wallet, amount was around 0.1 btc and I accidentally deleted my wallet and I was not having any back up  |
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I'm not really spending them actively because of the fact that the bitcoin has a very good future a head with the halving that is coming.
I really do not think its worth spending bitcoins right now so that is also why I must say its hard.
Holding its a choice of majority of the users as everyone wants benefits from halving, and after holding this long if we spend before halving then its pure foolishness. |
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I honestly think the future of the paper money is not so good but also not very bad to be honest.
It never will disappear in my eyes because its too much used but it will indeed be less more used than back in the days.
I think the future of paper money is safe and promising and I don't see any threat to it from bitcoins, and paper money also holds great level of support from Government which makes it really strong. |
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I'm also not gonna sell any bitcoins because I think the bitcoin is gonna rise to a higher amount soon or later, it has a great future a head.
The halving is coming and I think that is already saying enough why you should not sell them right now.
Yup if you sell before halving then your profits it at risk and you are definitely playing with your profits, so have little patience and hold it for the halving. |
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I will invest my bitcoin in REAL cloud mining
i doubt that there are any legit cloud mining services, even the most reliable websites usually go bust really fast as they are just ponzi schemes, i never invest it and i recommend everyone not to invest i just hold most of my bitcoins right now to be honest and i dont do anything with that, though sometimes i do some cryptocurrency trading in order to make some money out of that Trading is good and we can trust that at least those sites are not ponzis but at a moment I am not investing in trading also, best thing for me is to hold it for halving without doing anything with it. |
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i dont think so. i think people like bitcoin. they have very psoitvie response about bitcoin'
Lol if there is love of course there are cons or disliked it is an exact science. You can see clearly how people hate bitcoin and making bad news about bitcoin There will be always some bunch of people who will never speak good about anything, they have an habit of gossiping some useless things, and they are doing same with bitcoin. |
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The generation are very quick and smart in grasping things from us and from online. They just need to be educated well. The kids are clever and can teach few new things to their parents as well.
Agree present generation is really smart and tech friendly too, they will hold such an information that even we would not be aware about, so I think kids can understand bitcoin very easily. |
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for me Bitcoin allows me to hold some saving out of the banking system and the hands of the government.
Almost instant in most cases, and of course very very easy to make/receive payments. It's is instant, the confirmations are solely for some extra security against double spent. But for me the main benefit of bitcoin is fees. Normally went i sent money abroad i have to pay at least 10 dollar per 1k in fees. With bitcoin it is just cents... Exactly bitcoin involves very least fees in money transfers and credits are super fast, and it allows us to get rid from the banking system and that is the best thing I like about bitcoin. |
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yes i am holding my bitocins for the price i hope that the price will raise high very soon.
i think most of the people are just sitting right now and waiting for a huge price growth in the near future in order to make a lot of profit out of it without any bigger efforts i am holding my bitcoins right now but i am also trading some of my coins in order to make some good money over time, i think that it is the best strategy to do at the moment Its better to trade with coins instead of keeping them simply idle in wallet, trading will help you in growing your coin regularly with great profits attache to it. |
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If you didn't want to be asked about how do you have this amount, you will need to avoid banks, the only solution would be spend the bitcoins or save them, but not converting to fiat money.
You can also convert it to fiat money, avoid bank transfers, find a trader who can pay you in hard cash, as no one will be aware if you are transacting in cash. |
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I have lost in gambling for couple of times as I love gambling and I gamble for fun, the amount was not too high but still loosing bitcoin is something really painful.
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Absolutely, much awaited event is getting closer and closer now, now we need to have patience and just sit quietly and wait for the right to sell and earn profits.
I believe the bitcoin price will rise in long term. I do not have the ability to trade. I will hold them for long time. thats a pity that you cannot trade any bitcoins, to be honest thats one of the best ways how to earn more bitcoins out of the ones that you already have in my opinion we will not go down any time now because the price is climbing up as people want to earn more and more money so i think there will be more and more people buying it really fast Yes I think people have again started buying and that effect we can see on the price, it rising now and may be we will cross $700 mark in next few hours I guess. |
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The only thing that you need to do with Bitcoin is selling on the right moment and yeah it can takes a long time.
NO only that selling at peak and buying at dip is good way to earn from your bitcoin rather than waiting years and selling all you have at peak. I always try to buy at the bottom and sell at the top. But 90% of the time I get the timing very wrong. not easy to just look at it as a reference for your trading because bitcoin is still under manipulation by a few large players of course you will experience a great loss if you panic and immediately sell your bitcoin when prices began to fall so i think you must follow what is trend on the market. In a few years, when small fish like us have more bitcoins, the big whales will not have enough to manipulate the price. Well I agree with you man. If we will have 10 BTC each big whales can't dump it easily when they want to. That would be nice if that will happen. I just hold my bitcoin in my cold wallet and do not put them in the exchanges so the whales cannot borrow to short. Its always good to save bitcoin in your wallet rather then keeping it any exchanges as we don't know which site will turned out to be scam, bitcoins are safe in wallet. |
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Bitcoin has been rising up this past few weeks and continue to rise, what do you think?
will bitcoin continue to rise at the end of the month or it will have a sudden drop?
yes, bitcoin's price continuous rises and actually i think that it won't stop anytime soon, as event like bitcoin block reward halving and such will make price to grow even more, and soon and i don't think that these price are are bad thing, yes price can crash soon, but i think it should fall down after halving only, not before halving for sure Exactly price will keep on rising till the stage of halving so if you want to take benefits from halving then you should sell when you are comfortable with price to secure the profits. |
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1 BTC is not worth to hold in the long term, you need 50-100 BTC to get decent results.
That's is a good estimate, we will never know what would be the standard way of living in the future and things could go so expensive so it is better to have an excess estimate than a very conservative estimate. Yeah 1 btc won't give you best returns and you cannot become rich with that amount, as price won't be in millions in future that even 1 btc can take care of you, better to have huge amount of coins. yeah you are right 1 btc can give you only 50% profit in a long term investment the price is really high now and getting higher but there is not sure to bitcoin have a huge grow in price and take 1000% profit it is a little hard to bitcoin reaching 6000$ maybe in the future after 30 years or something. We don't know what will be the price in future but this is the best time to collect as much as you can as in future it will be more harder to earn it or buy it. |
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for the few places that do accept bitcoin, do you currently spend the coins you hold at any of them?I know places like www.takeaway.com accept bitcoin and i even heard CEX.co.uk accept bitcoin in stores now too, but does anyone spend the bitcoins they have or do most just onto hold them? (Or gamble them lol) I wonder if there will ever be any retailers that only accept bitcoin. well yes i actually spend them and i do that pretty often, because i think that bitcoins were created to make our payments easier compared to credit cards and fiat money and if we wouldn't spend bitcoins, stores wouldn't accept them, so because of that i actually think that other people uses bitcoins too, not only buys/sells them to get profit The primary goal of earning or buying bitcoin is to spend it as an currency, and that will also allow bitcoin to circulate in market, but as of now I think holding them for halving is more profitable. |
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Yeah buying now is a right thing, no doubt price may be too high for many users but price movement now indicates that we will be seeing higher price at halving.
You are right, even the bitcoins price is currently rising up slowly . This is time is still a good time for buying bitcoins. As we can't tell what is going to be the whole increase of it as the halving comes. Yes price will be higher at the time of halving in compare to today, price is around $690 at a moment and even if it touches $800 at halving then $110 profit per coin is not bad. |
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Yeah, I'm buying bitcoin. I think bitcoin has great future ahead and it's a good move to hold it for a long term.
The main reason I'm buying bitcoin is for trading. I could get extra money by doing it. I also sometimes buy digital goods with it.
yeah bitcoin has very high potential to grow more as the market is getting bigger and bigger for bitcoin as the capital is now 10billion and more to come an i am not buying any coins at this moment but just holding what i have  That's the right thing to do as price is going higher now, so its better not to buy now and see if price drops in next few days or not to buy some coins, but price going down seems to be difficult. Thi is a good time to buy some bitcoins, as the price now will not drop but it is increasing and will continue to increase this whole year, so those who buy now will earn a good profit in the coming months. We can't be sure about that because this coming halving there is a possibility for price to experience drop whether it's small or huge drop because i think most of the bitcoin users mindset is just to hold their bitcoin until halving and then sell all their coins because they only think that it's the best time to get their profits which is kind of bad moment for long term holders. Long term holders won't care about short term major pumps or dumps, as they believe in holding too long, so either price goes higher or lower at halving it won't make much difference to them. |
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I think bitcoin will not disappear, but someday people will not use bitcoin anymore and it become disappear or forgotten and we don't know when is it happen.
If the price of bitcoin will fall to extreme level then people will not prefer to use it or invest money in it, and if that happens then there is a possibility of bitcoin getting disappeared. |
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For me, Bitcoin is important because my money is in it.
But I think this applies to anything really. Something isn't important if it poses no value for the person.
Yeah, i also have money on bitcoin, because i invest much money on bitcoin for the halving. Bitcoin is important to me and also i can earn money with bitcoin. Bitcoin is important because we have invested our money it, and it is also important as it allows us to make some good profits from it on regular basis. |
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