For me bitcoin is better and profitable than gold, as we know that a few days ago bitcoin prices drop from $ 16200 to $ 8800 or more than 47% but within 3 days or now the price has reached $ 13,200, this is proof that bitcoin investment is very promising.
You are definitely another delusional guy . How could something that dropped around 50 % consider as a promising thing. This market is a fast growing market and it is not something for an average joe. For now, this is not better than gold . In fact , it is so much worse however one thing is certain that once thing finally stable enough then this has the best potential to replace gold ( however it has no underlying asset though )
|
|
|
Yes off course bitcoin has defeated gold up to some extent because the demand of bitcoin is increasing day by day in the whole world You are being delusional at this point. Demand is when there is a usage for it however in this case , we almost dont see any usage of it yet. Some major usage in this case and the demand for gold is still higher Most people buy bitcoin nowadays not because they want it but they literally only want to get profit from it. Most people that purchase bitcoin nowadays dont even know how this thing works . Thats a sad fact
|
|
|
Cash is used to transact and buy things. Sometime, I also use Bitcoin to pay online.
It depends on where you live. Most county doesnt allow bitcoin as a currency for transaction however it could be treated as an asset. Using bitcoin to pay for something is pretty much a dumb idea right now because the exchange rate is quite volatile To use a 'currency' as a way of paying things, you need a very stable exchange rate that wont change for a long period of time. To be honest It is always much better to pay with FIAT of those respective countries
|
|
|
Now the price Bitcoin is falling and this makes me very sad. My profit decreases every day and Bitcoin becomes a problem investment.
You should know that every investment is risky to begin with. There is no telling how things will turn in the future. With every risk there is a reward though Yes bitcoin is a good way to invest our money -snipped- you can be rich someday.
Investment is about getting more money from your initial investment. You can be either rich someday or ended up losing everything Buying and holding for a long time will give very good profits.
Only if the exchange rate increase more than what you have bought, otherwise it is not. It is a good way of keeping your money safe but it is actually a pretty bad investment because of its volatility
|
|
|
Sometimes you can see the benefits of saving when you see the value of it goes higher and higher. Totally wrong, the value of a thing is not the same with its exchange rate. You are definitely talking about exchange rate not the value. The value of bitcoin stays the same for now unless there is a major demands in the future We should now when we will be saving our bitcoin. Benefits can be seen after a long long long time.
You dont even know the difference between benefit and exchange rate. To be honest, you should be better to stay off from a topic that you dont understand instead of posting nonsense
|
|
|
At the very present moment, if there can be something which can make you earn more money in less period of time, then that is none other than that of investing your money into bitcoin. This kind of statement is pretty misleading. I can say with certainty that most people only happen to know crypto because of its high exchange rate. It is not something that could make you money in short period time, that is totally misleading If you want to buy bitcoin right now, you will be very lucky, because at the beginning of this year bitcoin value is low, so you can do as much as possible to invest in bitcoin, because the end of 2018 tends to be higher, so you will get better profit .
This is so wrong, there is no guarantee no certainty about this. The exchange rate may not be following the usual pattern but there is always a chance that it could be much lower than the current rate
|
|
|
Bitcoin a hundred percent because you can make so much money by just having bitcoin and holding it. But with gold you can't do anything. Maybe you find it cool to have it but that is about it the value of it will not increase as much as bitcoin will.
You seems pretty young from your statement I could tell that you have no experiences regarding this. Actually bitcoin is the new gold, that is why the exchange rate keep getting higher ( correction is pretty much expected at this point ) As for gold, it is quite stable and it has underlying asset unlike bitcoin that came out of thin air. Which is why if you put in your money now, you wont really get anything at all but it is good to avoid inflation
|
|
|
no one can tell whether you buy now or not. only thing you need to look is the price of bitcoins last 2 years ago. from 600$ per 1 bitcoins on 2016 up to 20k$ on november 2017. and now down again to 11k$. for me this is the best time to buy. but it is your choice and youre the only to decide it's up to you...
It is always the same thing every year especially in quarter 1 of each year. Probably something to do with the chinese new year but that alone is not enough to drive the exchange rate down atleast 50 % from the ATH this year The decision is not wether to buy bitcoin or not but at this rate, it will be either if you keep holding or not because Im pretty sure there are alot of people that is holding and have bought bitcoin already
|
|
|
I am also looking for the possibilities of having other coins accepted and can be deposited in bustadice so that people can have more capital to use and play for also I hope bustadice can have a table of their current equivalent of bits.
Too many hassle to implement that however Im not sure If Daniel might already have a plan for this in the future. Meanwhile if you have no bitcoin to play you can always use shapeshift to convert your alts or use exchanger Bitcoin gambling market is not that huge anymore so there is no point to put altcoin betting in bustadice as it is just a waste of resources but I dont know as Im not the owner of the site. Just stating facts
|
|
|
Well, I don't actually think the price of bitcoin can really matter because people can still buy fractions of bitcoin Actually it does ( atleast in some occasion ). Did you realized how many media finally put some coverage on bitcoin because of the exchange rate? When bitcoin worth less than $1000 , no one cares but when it shoot up to over 1000 % then everyone wants to know about it The media only feed on those that could gather attention from people otherwise it wont. So to some degree you could say that the exchange rate actually matters . I could say with certainty it wont really change anything at all even with alot of media covering it because most media dont even know what bitcoin is
|
|
|
l unlike in investing even it is a risky thing but it will really give profit.
Totally wrong on this, investment dont give you profit all the time. There are some cases of bad investment however it depends on how soon you are getting out of your investment If you buy bitcoin at $15,000 and the exchange rate spiked to $18,000 in a months, that is considered a good short term investment . However unless you cashed it out, you are not getting anything out of it If by some small chances it drop to $5000, that is considered as bad investment Point is, there is no such thing as 100 % guarantee of getting profit from investment
|
|
|
I think the future of bitcoin is to become the future bank You totally dont get the idea of bitcoin do you? Bitcoin was made so that bank could no longer 'pretend' to keep your money safe while using it behind your back for their own interest storing their bitcoin on bitcoin wallets Thats the beauty of bitcoin, you could keep your bitcoin safe and only you ( or anyone ) with your private key could have access to those coin otherwise it wont be moving also, instead of using bank to send money, people are using bitcoin wallet to bitcoin wallet transaction now to send money or bitcoin.
Some people are while some dont, actually bitcoin is not really 'friendly' anymore for small size transaction as it cost alot just to send few amount. Using bank transfer should save up more fees for smaller transaction
|
|
|
many who need money in this world, even some people spend his money 30% just to eat and day to day. I admire people like this, maybe I or you can learn something from them and apply their habits into our daily lives.
Applying someone's habit as your way of living is not going to mean you will succeed like him. Most of the people in the past save their money in form of gold but nowadays that kind of thing is just so feasible Why would you save your money in form of gold when you know the exchange rate of gold will most likely going on sideways for years? Or even declining nowadays due to bitcoin being the new 'gold'
|
|
|
The truth is that there is not an easy way to make any bitcoin anymore, in the past when bitcoin was just beginning you could have gotten some bitcoin from faucets when they gave full bitcoins, Back then bitcoin probably worth few cens only or even less than that . The amount that most faucet gave in the past is proportional with the amount that you got nowadays in term of usd value. There isnt much change but totally not worth it right now to collect it from faucet anymore while trading has a great potential the truth is that is not easy, how many traders try to make money and lose everything in just a few trades? A significant number I would say.
It doesnt and only trade when you know what you are doing. Some people dont know what they are doing thus giving them the disadvantage when doing it and lose their money afterward
|
|
|
Both.
Gold is been here for many years, it's a safe investment though the price moves very slow. It is considered as a safe investment because it is stable besides that it has an underlying asset. While bitcoin pretty much dont 'exist', people fear something that dont exist like that prefer something that they could touch and see like gold It is always a common sense for investor to get something that has an underlying asset otherwise it is not investment at all but more of a gamble. In the meantime some investor took the risk like winklevoss twin to own around 1 % of bitcoin max supply
|
|
|
is this the reason why bitcoin cash is keep the price up? bitcoin cash a huge potential in the future just like ethereum and ethereum classic. will be watching in this thread for the fork.
Every coin has the potential to be going up in the future given that they keep continuing the development of it. Most of the reason that bitcoin cash exchange rate spiked was because it was listed in coinbase Totally a huge achievement if you ask me considering they are only less than 1 year . It has an exchange rate on par with ethereum and the potential to be keep going up for more at this point
|
|
|
there are some ways to invest but bitcoin is a simple way It actually is not. In term of investing, you are literally going to save it for a long period of time. That means you are saving it in a cold wallet for better security. For some people, they dont really like all these kinds of hassle and some people that are not tech savvy will find this unpleasant bitcoin also has a risk but I think it is a natural thing that every investment has a risk
Everything start with a risk and end with risk . This is a common sense that everyone needs to know when they are into any kind of investment as 'reward' is pretty much not guaranteed
|
|
|
No nothing to worry about the falling price.Bitcoin's price increases or decreases everyday. Actually it depends on what timeframe of the chart you are using. It doesnt drop everyday in fact in some ocassion it is going up ( if you use the 1day chart ) The cryptocurrencies are decentralised so they are not stable You should learn before you post, being decentralized has nothing to do with it being unstable Bitcoin's price depends on the demand and supply in the market. I could say with certainty , some manipulation as well So falling prices will not affect anyone as the prices will recover.
IF it recovers but there is a good chance for it to recover ( I can say this for certain but dont forget that there is always a risk for everything including of it being worthless )
|
|
|
WE will see whats happen next week before hardfork.I expect 1000+ satoshi.
Hardfork probably wont change anything at all, in some best cases it could hit another 700 satoshi before going back down but that depends on how bitcoin exchange rate as well. Alts will be going down when bitcoin is unstable Just some Heads up , There is alot of hype for siacoin right now but there are alot of things happening for this coin. I may not be a technical analyst that could ensure you about this but you dont need to be an expert to know about to google about their file contract upgrade
|
|
|
Verge may hit 50 cents or even a dollar one day but it would be so late in the game that it will become an almost forgotten story as other coins continue to climb higher at much faster pace.
It doesnt matter because that is what it means by holding it in long term. You buy it and forget about it, come back months later to check it again. Few friends done that with ether and made bunch from it As of now verge is still having a steady pace which is a good sign because most coin actually dip alot and never come back to where it was due to bitcoin crashing Point is, there is never too late in crypto
|
|
|
|