For as long as you have the necessary means of earning bitcoins on a stable basis, then becoming rich would be your path in the future. Regardless of the time when you invested your bitcoins, it still is an investment meant for the realization of profits in the future. Not to mention, if you have a decent job with decent income per month, then you are inevitably going to be rich once bitcoin skyrockets its price.

We are in the same situation. I may not be rich right now but the signature campaigns that I am participating significantly support my expenses as a college student. Not only does this provide me an alternative income, this does not also compromise the time I needed for my studies when compared to a part-time job. Lastly, if bitcoin were to be successful and still in existence in the future, then I can confidently say that I may be walking on the same path as the rich people.

The only method that I can think of is by converting your bitcoins to fiat and deposit your money into a bank connected to your ATM. But I like the idea of people paying bitcoin through porn sites! It may sound weird but majority of the population around the world know the existence of pornography. The sheer volume of people who subscribe to different premium sites are significantly high, and promoting bitcoin as an alternative payment is also a way of increasing the reputation of bitcoin. Plus, its decentralized nature makes both the user and the payer anonymous. It may be the perfect avenue and I do hope that they consider this request.

The only negative implication is that, it promotes to the stigma of bitcoin being linked to illegal drugs, pornography, etc. and this may also hurt the reputation of bitcoin. It is a double-edged sword on bitcoins.

Bitcoin and other cryptocurrencies are relatively legal, which primarily depends on the country that you preside on. Generally, bitcoin mining should be taxed since it has been categorized as "other income" which falls under the tax code (depends on your country's laws). Like you said, some countries prohibit the utilization of bitcoin due to its decentralized nature making transactions anonymous. Personally, the opportunities and benefits that bitcoin provide to the users supersede the negative implications of it when you consider it on a economic perspective. Hopefully one day, the government would think of ways on how to eradicate the stigma in order to convince people more.

No. Firstly, you need to consider the nature of bitcoin being decentralized, meaning no government entity or institution can ever regulate its transactions. Second, due to its high volatility, its price is very unstable making products or services inflate in a shorter period of time. Third, bitcoin being digitalized mandates every country to adapt to its system. Since every country have their own technological advancement, countries on the weaker side (developing countries) would have a hard time switching from fiat to bitcoin (some countries still use barter system!). Lastly, bitcoin is always subject to hacking especially if one individual cracks the code and hacks the entire system.

Precisely. Holding bitcoin is no different from investing it since you wait for its value to skyrocket, while at the same time retaining your coins on the wallet. I do not understand on why holding bitcoin results to being greedy, well you may be greedy if you let the opportunity slide in the event that the price increases and you chose not to convert it to fiat (hoping that it may increase more). Well generally, majority of the people that hold their bitcoins have their specific purpose for it. So I think the question of them, being greedy is completely irrelevant and may be applied relatively depending on the situation of the individual.

That decision depends on your financial status as an investor. If you think that you have spare money to invest while not compromising your daily/monthly obligations, then invest money to the extent of your savings. But if you have priorities, like being a father to a family or mainly a student/employee, then you might want to decide for your future. Considering that bitcoin is one of the fastest way of earning money compared to other investments, the bigger the amount that you buy, then the higher you will get in the future when you realize the profits.

You need to understand that bitcoin, stocks, real-estate, etc. are different from one another, especially when it comes to purpose. Others invest into stocks or real-estate in order for the realization of profits or for inheritance purposes. Now for bitcoin, people mainly invest here for profit due to its nature being highly volatile. The value of a bitcoin tomorrow might be higher compared today, thus making it the perfect vessel for short-term investments. Some investors also are skeptical into investing into bitcoin due to forks that happen, which in reality strengthens the existence of it.

Personally, I think that bitcoin is better in terms of value in the long-run. You can yield income in a shorter amount of time compared to the other types of investments but the only hindrance that I might be facing is the security/collateral of money.

There are a lot of things you need to consider and accept when you buy bitcoins, especially when you really want to make a profit out of your investments. These include being updated to recent news about bitcoin and other types of investments, knowing the latest issues of each country regarding their prohibition or adaptation of bitcoin, or any news relating to bitcoin in general which may affect its price on the future. Personally, I would buy bitcoins after a fork since I consider that the golden opportunity to buy due to the decrease on its price. Many people though would also do that method, but in the end everyone will benefit.

Well it really depends on your goal as a new investor/newbie on bitcoin whether your investments are for short or long-term perspective. Considering that by this coming November, another fork will happen, resulting to a decrease of price in bitcoins. Meaning, this may be the perfect opportunity for you to invest while the prices are still down. Do not worry though, it may seem a threat at first when you see the price decreasing but remember that forks happen in order to strengthen the existence of bitcoin. Give it like 2-3 weeks or a month, surely its price will regain its value.

Firstly, you need to consider the economic discrepancies between countries all over the world. Due to the presence of developed and developing countries, each has their respective technological advancement, which is unequal. Due to this dilemma, we cannot force the universal payment of bitcoin and make this as the main currency. Countries below would have a hard time adapting to the system, resulting to both extremes in terms of growth making the rich, richer and the poor, poorer.

Maybe in the future, countries would adapt to the digitalized form of payment due to inevtable technological advancement. But this ideal is far from our current situation, making fiat better than cryptocurrencies in most aspects.

You are definitely right. Generally, people gamble because they think that it may yield them better results in a shorter period of time but at the end, they tend to regret their decision due to hanging their hope on the risks of betting. Here are some of my tips in order for you to quit gambling:

1. You cannot remove your addiction overnight. If you gamble like 4-5 times a week, then try reducing it to 1-2 times a week;
2. You need to establish your priorities and understand that gambling is not the best way of earning money;
3. Try recreational activities and replace your habit of gambling to another habit with your friends, etc.;
4. Start by investing your money and think for your long-term goals; and
5. Try sleeping early (this tremendously helped me!).

In the event that investors would no longer purchase bitcoins and people would no longer buy bitcoins, slowly, this would make bitcoin's value less volatile, resulting to a decrease on its price and ultimately being non-existent. Though this may seem possible, in reality it is very impossible considering the price of bitcoins on the market is absolutely high. Also, some countries are starting to accept it as alternative payment, which further increases its place in terms of hierarchy against other cryptocurrencies as well.

I am in a campaign currently, being handled by julerz12 and I say that he is very responsible and considerate when handling posts qualities. He reminds us of our deadline in our post in order not to miss the payment. Definitely a good campaign manager!

Not to mention, personally I think you could give other aspiring campaign managers like Harlot, TagaMungkahi etc. a chance to handle at least a campaign. They may be less-known compared to other CMs but I think they definitely are responsible enough to handle these kinds of things! Just my two cents.

Bitcoin mining and buying bitcoins are two worlds separated from each other by nature. If you are considering mining some bitcoins, then you need to provide a super-powered CPU in order for it to work. Also do note that it heavily requires high amounts of power and is also a competition out there. On the other hand, buying bitcoin is relatively easier, as it is in your discretion on what to do with your bitcoins. You may either invest them, keep them for future purposes in a secured wallet, or even trade/loan it for products or services.

Personally, I would rather buy some bitcoins than supplying myself with a CPU for mining due to its convenience. The process is somehow complex and complicated to understand in mining, and it is COSTLY.

Definitely no. Regardless of an individual knowing bitcoin ever since it started, the opportunities it provides are open to all social status of people. The first investors of bitcoin are definitely enjoying right now due to the risk they have taken when it first started. Take note, the prices before were less than ~$100 and they managed to conquer the risks of it. Early adopters of bitcoin are also on the same track, considering the price increasing as the years passed. One day we might see bitcoin reaching the $10,000; now is the perfect time to invest especially when the fork hits, expect prices to decrease.

Shouldn't we take this as an opportunity rather than a problem? I understand that the price increase of bitcoins result to having difficulties of new investors investing, but with the coming fork by this November, then expect the prices to plunge down. You must consider that there are a lot of news regarding the reason behind the price increasing and you also must acknowledge the upcoming fork because prices will surely decrease. You may use the price history of bitcoin as a basis whether or not you should invest into bitcoin. Many people call it a bubble, but I see it as a golden opportunity!

I mean, these are the things that people tend to think especially when they are experiencing a series of loss or wins. Regardless of their luck, they resort to thinking that it was due to some superstitious belief, when in fact, the odds are just in their favor at that night. Like you said, all of us have their respective luck when it comes to gambling but we cannot blame it to some unexplainable belief that it is the work of God or etc. In the end, what really matters is on how to control our addiction and know when to stop in order to avoid further damage on your current situation.

Well that is to be expected. With the recent news of bitcoin's reputation increasing per day due to the its price, it's no wonder that people are beginning to be curious about its existence. Also, investing into bitcoin is more convenient than gold due to its nature, present on the internet. This makes people invest more and convince them into allocating their savings for future profit. Any positive news on bitcoin dramatically contributes to the increase of its prices per day, and hopefully, more people would be convince of investing on to it.

Every country has their own specific agenda, rules, and regulations regarding a certain provision. A country in Asia may legalize bitcoin, while a country in Europe may not. It really depends on their current state whether they are willing to embrace the implications of bitcoin by allowing its utilization. Like you guys said, other countries accept it as an alternative payment, while some prohibit it due to being a contribution to their drug-related problems or crime rates. Personally, I think that bitcoin should be legalize in every country, regardless of its implications, since the opportunities it provide really support the ones who are under average in terms of income.

The existence of bitcoin may increase crime rates throughout the world due to its decentralized nature, being unable to track-down illegal transactions under the dark web but the opportunities it provides to people regardless of their status supersede it. It also depends on the country under their laws and regulations about the prohibition of bitcoins. As you can see, more countries are legalizing it as an alternative payment vis-a-vis countries who ban it due to its effects, both economic and social perspectives. Hopefully, they would see the implications of bitcoin once they accept it as payment.