Hello everyone, recently there has been a lot of panic on this forum due to the big price change of Bitcoin (as it always happens). Understandably, many people are confused and worried as they have lost thousands in their value, especially if they have bought higher than the current price. But as someone who has been into Bitcoin for 1.5 years (not too long, I know) I want to advice to newcomers to simply relax. Huge price swing were always a part of Bitcoin, so there's nothing extraordinary here and the worst thing you can do is to make panic trades. Basically, there are two main approaches to Bitcoin trading - you either hodl it, meaning you never sell it until it reached "the moon", or you are actively trading it to get profit from volatility. So, if you believe in Bitcoin's technology and don't experience as a trader, I suggest you to not touch your coins - Bitcoin always tends to increase in its value in the long run.
yes when the price drops and you are stuck in the expensive price then you just need to relax because the price will certainly go back up, this they just take profit first will surely rise again. |
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Since 2013 , the price of Bitcoin still increasing until it has passed 7k $ . i'm thinking about the Ethereum and it could be the same scenario like bitcoin after 2 or 3 years . is it possible ?
this could happen because from the beginning until now ethereum has shown a very extraordinary development ethereum can compete with Bitcoin in the future. |
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Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?
yes you are right, yesterday bitcoin is still at $ 2000 but now bitcoin is at $ 6000, if you are afraid to buy if i suggest you buy half of your trading capital so if bitcoin price you still have capital for backup loss, bitcoin will always rise in price becomes very expensive. do not be afraid to buy bitcoin. |
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Hi,
I have a question regarding your own BTC faucet. Is it profitable to run it in 2017?
I was thinking to run it via WordPress.
What initial investment is needed?
I think this is not profitable for you, you can buy ICO you can trust to add your bitcoin assets, if you make bitcoin faucet this year I think it is not very profitable. |
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So much so that 15% of banks world wide expect to widely implement blockchain, which is a ledger of transactions updated in real time by various institutions, by next year, according to the report which surveyed 200 global banks.
These banks, mostly medium to large-sized institutions, are focusing their blockchain technology on three areas: consumer lending, retail payments, and reference data, which refers to the real-time information sharing of transactions across business divisions and institutions.
In four years, IBM says that 66% percent of banks expect to have blockchain in commercial production and at scale.
the reason I buy bitcoin now is I want to be rich with bitcoin hopefully will be achieved, because of the increasing availability of bitcoin will make bitcoin price more expensive and this is an opportunity to buy and have bitcoin and will benefit in the coming year. |
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yes of course you can, everyone who plays bitcoin is not too thinking about banks, banks only place as withdrawal course, if the bank does not want to cooperate or develop using bitcoin technology then the bank will be eliminated from the economy in this world. |
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Since banks profit from fees and blockchain will kill fees, my guess is banks will be negatively impacted.
Some banks are already stepping into the blockchain world.
But blockchain will not bring back the profits as otherwise.
Any thoughts?
Apologies if this is not the right place to discuss.
Thanks in advance.
banks are increasingly afraid of getting knocked out, because everyone already knows and all can become rich without using the bank, the bank is only a place of withdrawal of money, if the bank does not cooperate with technology there is a bitcoin trading I'm sure the bank will be eliminated. |
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I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
I think it could happen if bitcoin is more profitable and more trustworthy for all and all transactions and investments that exist then fiat will be lost and bitcoin will rule and exclude fiat, bitcoin will be a major investment and secure transaction. |
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yes it can happen, bitcoin will be the king of currency and paper money will be extinct, because the efficiency of paper money is there again, bitcoin is a digital currency more efficient than paper money. |
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Guys sorry for this question above but I would like to ask here that
What is the difference of Trading to Investing?
though I know that I can search it in google but I want an answer from those people who have already experienced this two.
Thank you.
I hope you can help me in my confusion..
the difference between trading and investment is when we have money and you make investments then your money just silent and wait for the price to go up, but if you use it with trading also then your assets will increase with lot without having to wait long. |
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To grow the adoption of bitcoin we need people spending it as a daily currency.
In my country there is not much I cant buy with bitcoins.
Granted not a lot of retailers accept BTC yet but with all the services available now they dont need to.
A bitcoin debit card can be very handy.
Nowadays if I need to pay a bill then I can pay any bill via a site called livingroomofsatoshi
Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.
probably because snacks are too cheap so there is no need to use bitcoin, maybe bitcoin is used for purchases around the price of more than $ 5, I also often use the above $ 5 payments using bitcoin. |
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Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.
bitcoin is the first successful digital currency until this year, in the future bitcoin seems to be a currency that is in need because paper money is not very effective if forever using paper money then the wood population in the forest will be more depleted and make the earth will barren. |
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After the events of last week.
I was making this suggestion to some folks yesterday, but they claimed that bitcoin is too small. Does it matter?
yes of course bitcoin is still too small because the price of potentially billions of potentially billions, is due to limited stock and market demand is very much to make the more expensive price. |
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Maybe not to get rich, but sure as hell to earn a decent amount of money with bitcoins.
How much money did you earn with bitcoins? Or did you lose some?
Most users have the same thinking of being rich with bitcoin, but everyone doesn't get the access to become rich through bitcoin. So its better to have a day job and using bitcoin for second job to become rich. |
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What is the best way to make money with bitcoin in 2017?
you can create bitcoins by creating a new ICO idea like ETH does with a smart appointment given to entrepreneurs and developers who need a lot of bitcoins and other digital currencies. |
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Should I stop buying BTC for above market value or should I start paying the listed price? I support Bitcoin and still pay 5k a BTC does anyone see bitcoin going back up?
I suggest you do not stop to because bitcoin is very limited stock and its demand very much make bitcoin price more expensive, if you stop buying bitcoin at this time then you will experience loss because this may be very cheap bitcoin price. |
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Here is a tutorial for dummies about doubling our money and not Bitcoins with scam scripts, remember no one has your best interest in heart to help you double your coins, however there is this thing we call it Bitcoin and indeed you can effectively double your fiat money with it.
But how?
-Simple, whatever you have buy Bitcoin(s) and deposit them in never before used addresses and forget about them for literally 6 long months/half a year.
-Tip: don't pay any attention to news and don't participate in crypto related forums and social medias, it will drive you crazy.
-Result: after 6 months and after your phone alarm went off since you set it to ring in calendar for exactly 180 days, open your browser and go to one of the reputable exchanges and look at the market price, if your fiat money wasn't doubled if you were to sell your Bitcoins then find me and kick my ass for bad advice. :?
Please refer to the Bitcoin price and charts to see if the price did or did not doubled every 6 months.
I can't find anything remotely similar to this can you? and if so please share with us.
Edit:
Disclaimer:
This post was intended as a quick suggestion to double your fiat money and not your Bitcoin, any body telling and promising to increase the amount of your Bitcoin is either misleading you or tries to scam you, even legit interest paying companies have their own high risk of loss.
Only idiots gamble in hopes of earning money or double their money.
how to double the bitcoin is easy to buy altcoin with bitcoin cheap price you can just take the example of XLM which is currently cheap price and is famous since 2 today. you can see info and all altcoin and bitcoin here https://coinmarketcap.com/ |
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Good news dude ! Bitcoin price is recovering little by little . From 950 $ some hours ago to 1066$ now ! Buy now till it's under 1100$. https://blockchain.info/marketsactually the bitcoin prices continue to rise and more expensive, because if you understand the total supply bitcoin is very limited and very much demand makes bitcoin prices more and more expensive year. |
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We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?
In any system where there is a dependence on consensus among humans, there will be such a possibility, but in Bitcoin this would be very unlikely to happen, since miners would be harming themselves. so yes its posible |
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Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin
Is this the impact of rising bitcoin prices?
yes I also have a friend who was a factory worker now he focuses on bitcoin and his income is getting more from bitcoin, bitcoin is more expensive because the availability of bitcoin is very limited. |
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