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Out of desperation I think many will run to a loan, banks or here at the forum. But let us just be sure that after that desperation dont use it to gamble just for the purpose of paying up quick without thinking of the greatsr risk.
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The best way to manage the money higly depends on how good you are in saving your money because if you are the one who has the lot of expenses and less income then you never gonna manage your money,so first of all learn to save the money and then managing money would become alot easier.
Some people just buy anything without even thinking about it. When we are in a mall somehow ae are tempted by good stuffs though it will not really help us or have nothing to do for our needs. This expenses should be stopped to say that you are a good manager of your money. |
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you can manipulate bitcoin price
but your must have much bitcoin, minimum you must have 10K bitcoin , or over 6 milion dollar
Yeah. Thaat is a lot but that is really how much you should have now to atleast move bitcoin price from where it is now. Although that number is still low it will just make a little impact. |
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Price and value. Somehow it is different. I would still suggest we go to the value thing. The price is just a number, while value is how much it is really worth or how important it is to the financial world. It can ho to 1 million dollar coin but what if the dollar suddenly is not that important anymore or have a value same as low currencies.
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I will. It will be a good addition to other investment that I am already in. We know rich people have their financial advisor and i think he will also recommend it, if not then I will do it myself.
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You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.
Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.
There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:
If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.
What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.
Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!
I am not sure if that's a good thing. Being dependent so much on computers just scares me.
If they erased USD then what will be its basis of value. How could it be a million dollar worth coin if there is no more basis. That is one problem so this news are all lies it is just to create chaos and for Americans to go back and use their money instead of just saving. Economy of US will break down again once people are saving more than spend. |
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i think the main reason is that bitcoin is the universal currency and people are using it for multi purposes, for investment, trading and as currency, and you can even use bitcoin in all over the world having single value every where.
I agree with the single value thing but is it really good as a worldwide currency? We know countries differ in their currency and they also use it as a basis of strength of each other. So they might be conflicts if ever used worldwide. |
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Whenever I get my salary I buy a small amount of bitcoin in monthly basis at whatever price it is holding, and following the same procedure since long time I have enough amount of coins in my wallet.
Yeah just like a savings which is just better. I thinkbit is wise to put more into it considering the price aint moving too much now. We sont know when it could bloat up so we better be ready and somehow wevhave the same idea. |
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Paper money is going to keep existing for some time now because it is way to soon for us to make everything about money digital.
We should not rush things because then things will go wrong, time is needed for something big like that.
Thank you for clarifying it for other to really see it. They are too much clinged on how bitcoin changed their life and now they want everything to be run by it. Not thinking about the consequences. |
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Double your bitcoins would be great off course but what if you cant double them than you are there stuck with the same amount of bitcoins in that point you want to see the price rise off course.
Even if you cannot double your coins then its not a big deal but you need to make sure that you should not loose your existing coins by putting them at the wrong place. Well it isba big deal for others who are thinking on making it to the top with just a manner time. That is the wrong idea of many when it comes to investments. They want it fast and would even take a lot of risk even if there are reports that it is a scam |
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Let's say I generate a new address and by some miracle it has Bitcoin already in it belonging to somebody else. Is it legal to just take it? I understand those odds are very low, no need to lecture me, I'm just interested.
Yes of course! stealing bitcoin is very illegal. but in your statement I cannot consider it stealing and I don't see any illegal in that matter. I can say its just an accident to sent it to your address. Meaning you had no fault in it. yeah it's no one's fault and what you're doing now can't be consider illegal, and this is an one in a million coincident so you can't be consider as a stealer as well. Yes accident receiving bitcoins to your bitcoin wallet that has been accidentally sent by someone is not considered as stealing. But you must be responsible if someone sent that to you. I guess you are just going to return it to the sender but it is going to depend on your conscience but this type of incident is very hard to happen. Vwry right. The probability for that to happen is too low. There are too much numbers and each one are spexial. I think it will prompt an error once tou deleted a certain number or letter. |
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If we look at the value of it there wont be any problem transfering a large amount of money wheb time comes. When it grow more to a $1000 per bitcoin you will just need 1000 bitcoin for a million dollars also to transfer to somebody. There wont be much number that will be needed to encode and that will somehow lessen the error of many.
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The only thing that i can suggest to you guys is to have a own blog and study seo for organic traffic before you monitize your site it will grow your blog every month depends of your hard until you succeed to reach 1k visitors to your site and you can montize your site. start in blogspot for free before you transfer into wordpress blog.. thats why many people are staying and working for few hours and earn massive.
That is right. But I would suggest to not expect high with blogging these days. SEO is quite tricky now due to regular google updates. Not to mention, that there are bunch of competitions in the market now. What I suggest is to find for a very specific niche in bitcoin and capitalize from there. That way, you can have a chance to dominate the search ranking in that very particular small niche that is not yet saturated. I think whatever you do to earn income from a business, blogging, selling services, or you work themselves without third party you will never get a fixed income? unless you work as an employee. course of time and will always fixed income every month Yeah you can get steady income only if you have full time job, having a business is good but it doesn't promises stable income as there will be many days where you may go through loss too. It happens frequently and most of the time a business can come to an end even if you are taking care of it. It will depend on the people that will support you. If some of them got weary and sees a better one then there will come many problems. |
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Among young people increasing popularity has bitcoins. And older people prefer the old system and therefore keep their savings in dollars
Something to research and it has the truth. Because most elders would prefer to keep their money in the form of physical (physical currency), since all that will not give their anxiety in case something in their lives. And also elderly people also do not like against modern technology or their preferred tempo technology first Problem is if they passed that tradition or the elder one somehow gave some money and it is already at the bank. It will keep on going for many generation until someone at the family discovers something else is better. |
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I use XAPO. They allow me to create multiple wallets. I not understand what is the purpose for this.
Can someone explain?
Thanks!
Basically, for extra security. We know Xapo is reliable in the first place, but if you make multiple wallets or multiple bitcoin addresses that would give you the benefit of being extra-anonymous since it will be more difficult to trace you. Very right. That is one of the main purpose of others. For me it is more like a divider of my income and capitals. I have one for my gambling games and another for trading. The money sent from this signature campaign is in different wallet too. That way I can keep it organized and controlled. |
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We are still in 2016 and here we are predict on 2017. It's still unpredictable is 2017 is year of the bitcoin or not, we must wait until 2016 ended and looking the price too.
That is why it is called a prediction, it is bound to be used for futture preferences. Just say your opinion and someone might believe you if you ever tell facts with proofs. |
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Yeah price is an major factor in bitcoin that attracts each and every users as everyone will prefer to buy when price goes lower and sell when price is high so price really matters in bitcoins.
Indeed, because at the end of the day, you will convet your bitcoin to fiat to buy basic necessities in your neighborhood. Irt really matters also as some consider bitcoin as an investment and really expecting the price to appreciate after they bought  No one wants to lose of course, but it happens and it depends on market movement. Right. I use it as a means of paying my electricity and my internet connection after exchamging it to fiat. That is why I always rely on its price. If its too low then i will just sacrifice my savings to pay for the bills. I dont want to be losing profits when it rise. |
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yes i actively spend my bitcoin every time i have good enough amount of money in terms of bitcoin, i also do not have any investment here, my bitcoin is coming from participating in signature campaign and trading method.
True i also actively use my bitcoin in many games like buying loads etc goods buying foods and many more shoping online i use also bitcoin as payment with our utility bills and bitcoin for now is good enough to take advantage to the future and it has many features . Yes online shopping has become easier with bitcoin now and may be in future we will be able to spend them even physically at offline stores and that would a great fun of having bitcoins. And it also become easier for Scammers too, People who don't have Paypal tend to use Bitcoin as way of payment and they often send it to the wrong person. Because of how you can create a bitcoin address instantly without even verifying your proof of existence with that you can make many wallet addresses to scam people. Are you kidding me? Do you think each and every user is sending bitcoin to a wrong person? I am using bitcoins since last 2 years and I never did that mistake and I am sure most of them are satisfied in using bitcoin. Way too low of a percentage to get it wrong. I think every exchange have a prompt whenever you got it wrong or there will be another notification if you are sure. By checking it again you can make it right except if you are dizzy or drunk. |
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If your only focus is earning through a bitcoin payment then it will be hard. You have to spread your skills in lookig for more even if the website pays in dollars. Freelancer is offering a wide field of offers where tou could provide your services and I think it is cool to be flexible even if they pay pay you with other currency. Still it is the same money after all.
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I heard my friend saying it. As said, time decides everything. My friend said, when the price was less, he waited for the price to go up to sell the exchange/sell the bitcoins he earned in this forum. Before he went to bed the price was around $550. The price went reasonably high at midnight to $600. When he was up in the morning he saw the price being around $540 again. He missed having a bit high profit for what he had. He came to know about the midnight price by his friend. I am new to it and waiting to experience the price go high as others do.
It also landed at $700 for just a while. I didnt got lucky to be awake at that time also and it slides way low after that. I think it was 680 when I woke up. I used my speedy fingers to trade it fast thinking it might slide down again and it did. Guess I am still lucky for that. |
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