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561  Economy / Economics / Re: When do you buy Bitcoin ? on: July 06, 2016, 08:38:57 AM
Just wondering when everyone buys bitcoin, weekly, monthly or just on the falls?  thinking of setting up something regular to ride out the waves.....  Grin

The price of bitcoin is the most unpredictable thing in this world.Because of its primary characteristics no one can tell what will happen with except rare cases (such may be halvings). It is decentralized (so no one can take care of it to help in achieving the staying in a given level) and is yet child (and is such is "capricious" and do what want; if old and mature will be more restrained and cannot go so fast up and down without any kind of rule). Having those in mind the only thing that can be made (at least that is what I do) is to buy every day on every various period little quantity of it. In this way you will not "feel" the costs and will have always more an more.
But bitcoins at the right time and you will make allot of money trust me becasue you need to buy right now the price is not very high right now and i can tell you
that the price of the bitcoin will be atleast upto the 800 dollar at the end of this year.

Yeah buying now sounds good as price is not too high at a moment if we take future price into consideration as price will be on the roof in future.
562  Economy / Economics / Re: How too get rich on: July 06, 2016, 08:36:09 AM
Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement

I did not understand firstly at your mother house means - where do you stay and with whom?
Secondly why to make time machine for past, create something where you know future and can act accordingly.
Time machine is the worst idea, that is not moving on in my opinion, we need to face reality and reality is now and even with the current state of BTC we can still make fortune in the future.

Time machine is a kids idea that is never gonna happen. Time once past cannot be reversed back. Even the bitcoin in it current state and price can bring lot of benefits to people. You need to have a positive mind and energy for this.

Yes and the only way to get rich is to work hard and set a goal in your mind that you have to achieve it anyhow in certain time frame, and start working on it.
563  Economy / Speculation / Re: The future of Bitcoin on: July 06, 2016, 08:30:18 AM
I think future of bitcoin is bright as it is an evolution for the people to use in the coming future, in the near future we need to go full digital because with it being use we can have more security with our money while transaction online, due to its fast and low cost.

I agree, bitcoin is a unique thing that can be use by anyone who loves to transact online, the feature is really good and this is designed for the benefits of the users not for the creator.

Bitcoin holds various features and that makes it unique from other currency, and it will become more popular in future so I think it holds promising future ahead.
I believe that too, because I have been supporting bitcoins ever since and I will not ever forget how it help me on the financial aspects of my life doing some kind of work and investing stuff.

It is helping us at a moment and bitcoin is eagerly waiting to help many more people in future, that will definitely happen when more people will get aware about it and start using it.
Bitcoin is the most popular digital currency holding around 80% of the market share and its market cap is worth more than $10 billion currently. when more people gets aware, it reaches even more.
Every year, we have increase more and more in terms of adoption, the trend has been consistent for the past years so we need more years to gain massive adoption.
Adoption level will definitely grow in coming years, as we are already experiencing it at a moment as users have increased in compare to last year we can expect same from next year too.
564  Economy / Economics / Re: Bitcoin or Gold? What would you pick? on: July 06, 2016, 08:27:38 AM
Yeah, as I noticed the price of gold is increasing as year goes by so it is very good for a long term investment but for now I would gladly choose bitcoins because I already have it and I can make a profit on halving which will be soon.

The price will not be too high at halving, and if you have bought bitcoin at lower price then you should sell it now and secure profits as there is no guarantee that price will be higher at halving.
565  Bitcoin / Bitcoin Discussion / Re: What's stopping people from using bitcoin? on: July 06, 2016, 08:17:52 AM
Why people are not using the bitcoin is because they are scared that the bitcoin collapse and if that happen they will lose a lot of money.
They do not want to take the risk for using them, I can partly understand them for a bit.

Yeah they are scared of price fluctuations as they feel that they will loos all their money in long run if they invest in it, and that is the reason they are not using it.
566  Other / Off-topic / Re: What is the Future of Bitcoin ? on: July 06, 2016, 08:06:59 AM
Despite the huge number of terrible predictions cryptocurrency will live and grow, and has become quite an everyday occurrence in a few years.
People will no longer be afraid to use Bitcoin as something strange and unknown, its economy stabilizes itself, and volatility is minimized.

yeah once the adoption level will go higher in future that will allow bitcoin price to go higher too, so I don't think there is anything to worry about the future of bitcoin.
567  Economy / Speculation / Re: When Bitcoin will pass 1000 usd again ? on: July 04, 2016, 09:54:44 AM
yes please give your ideas and  make comments but please be realistic

i hope  1 week before halving .
I would not get over-excited with passing 1000$.
This moment will come surely,the problem is when the banks and big players are going to get in again.
I would say it may be in 2 months,700$ is already a big price i dont think we can get 1000$ fast.

$1k price is not at all easy to achieve we need to wait for long time and also need to have great level of patience in holding our coins till we see that high price.
568  Economy / Speculation / Re: Bitcoin to hit $2016 by the end of 2016 on: July 04, 2016, 09:52:54 AM
There is no guarantee it will go up it may slowly bottom out
The Bitcoin price is not gong to reach $2000 this year because the price just dropped and at the moment it is also stable. I think that the chance if this hapening is going to bigger next year or the year after that but not right now or this year.

This year is just 6 months away, I think the price will be less than $1500. It is possible for the price to be $2000 in 12 months.

Yeah that price is possible in next 1 year, but I don't see it happening in this year, as if everything goes fine then we may see the price of 1000 usd at the end of the year.
569  Economy / Speculation / Re: Bitcoin go to $500 on: July 04, 2016, 09:50:40 AM
You can see indeed that the value of Bitcoin is going to be higher and that many people are now waiting for the right moment to sell it so that is really nice.
But you dont even know what will happen in the future and that is the problem of Bitcoin but that is just only risky also.

The issue with the bitcoin is that you never know where it is heading. If its going in an upward direction, it does not means that it will keep on rising or if it is going in downward direction, then also it does not mean it will countiune in that direction. You cannot predit the price of this coin. One day it can be as high as 750$ and the other day it can fall to as low as 500$. This unpredcitable nature of bitcoins makes it very difficult to  guess what wil be the furture price of this coin.

The best thing you can do is sell when you see higher price and gain some profits, as not sure what can be the price very next day, keep on playing with coins in short term.
I dont think the bitcoin will go to that low the price of the bitcoin now is around the 600 dollar and he will not
drop to that low for sure if he does i think it will be the end of the many users of bitcoins becasue there are allot of people investing the last months.

The price could go below $500 in a flash crash in a small exchange. But it will recover quickly to normal price.

It is possible. But after good consolidation of the bitcoin, the price will be above $600 easily after the halving.

Price will not fall to $500 after the halving, as price will be higher at halving, and if it touches $800 at halving then after halving it may stabilize back to $600.
570  Economy / Economics / Re: Where did you first heard about Bitcoins? on: July 04, 2016, 09:48:48 AM
In my personal experience, I first heard of it 1 year ago in a online forum game, people sold gold for Bitcoins, around March, gave it no importance at first. Now im kinda utterly commited to it. Really an interest subject of study.
The first time I heard about the Bitcoin was from a friend of mine, this one time he told me that he was making money with something online and I did not know what he was talking about so he explained it to me.
Now I am hear making sue of Bitcoin and also making money with it.

Yeah even my friend introduced me to bitcoin first, as he said that you can earn money from it, initially I was not interested but after started to spend time on it I found it  very interesting concept.
571  Other / Off-topic / Re: Will you quit your day job to go full time on bitcoin? on: July 04, 2016, 09:46:39 AM
Don't really know, maybe when i will be sure that bitcoin can make my life better and my earnings will be bigger than on daily job, i will become a full timer.
I think there are many people who already have a better life because bitcoin and they helped with bitcoin. but few of them are working full time in bitcoin? possible consideration not only that? they may be unsure of the future of their jobs in bitcoin? it should be considered


I am one of the people who have a better life now thanks to bitcoin. Maybe you can do fulltime working for bitcoin payment if that is stable. Lets say an online hotel researcher or browser where you will be paid with this currency. But looking for a boss that havr that kind of business will be hard.
You don't need a boss and I think you shouldn't get a job that requires a boss, because it is like a daily job you'll be getting. You will work with this boss while he's seating and waiting for you as an employer to finish. I think what you need is a contractual work.

Well it really depends on how you are going to work for bitcoin full time. If you are an owner of faucet site or miner or even a gambling site owner.
Then it is a good source of getting full time job with bitcoin.
But for me, don't quit your daily job.

I am not sure how much investment it requires to be a owner of faucet or gambling site but I think it will need huge capital to invest and that is not possible for majority of us.
572  Economy / Economics / Re: The future of the paper money on: July 04, 2016, 09:44:29 AM
For me I do not think that there is coming a big surprise for the paper money in the world because paper money will always be the number one paying method for the most people so i do not think you should worry about that.

Paper money is very hard to determine what is going to be its future. But still that is not a problem because people tend to use paper money.
And I don't think paper money is going to be out of the league when bitcoin gets popular at all.
It will exist forever in my opinion because that is the simplest means to use in all kind and forms of transactions, you can easily use it anywhere with the need of power and internet.
as long as there is internet, it can be used bitcoin. paper money will be lost. gradually everything will change for the digital age. bitcoin is a reformer at the same time the future for financial transactions in the world.

We cannot expect that each and every shop will start accepting bitcoin as a mode of payment especially in poor countries, people who are not still aware about how to use internet we cannot expect that them to use bitcoins.
573  Economy / Economics / Re: How too get rich on: July 04, 2016, 09:41:39 AM
I think if you not rich now you cant be rich
How to get rich? prise that you born from rich family
So become rich and make your children's prise come true to get rich
I guess born from a wealthy family, is not the way to get rich is good. if you want to become rich, then you have to do business. even if you were born from a wealthy family, perhaps you can only spend money than make money, and maybe you will be poor. start from the beginning so you can become rich, will make you really become a rich man, who can make money. and usually it starts with hard work and a mind that never surrender
Because you cannot get rich when you are already rich, the thread would simple imply that from poor to becoming rich. I believe there are many ways to become rich and it is very sweet to taste the success for your effort from being poor to be rich, the foundation is strong and you will not be easily poor again.

Getting rich is never easy as you need to face many obstacles in the journey of getting rich, and at that stage your attitude will come into play, if you have an attitude of never giving up then one day you will be rich.
574  Economy / Economics / Re: Does the Price of Bitcoin Matter? on: July 04, 2016, 09:39:29 AM
I think the price does matter for the most of users because if you trade you are always looking at the price and the same rule applies for investing in it. We always looking for a profit thats why price does matter.

If bitcoin will hold low price in future then I don't think anyone would be interested in it, it is only the price that makes people to get attracted towards it.
It is not the price will make people interested on bitcoins but those businesses that links to bitcoins, it that way they can easily transact online using bitcoins as their more of payment. Although, I believe that price will react when the users increase but that is just the bonus.

More users will lead to higher price of bitcoin in future and price is really important for us as we have invested our money into it to earn higher profits, so price does matters.
575  Other / Off-topic / Re: How to motivate women to use Bitcoin? on: July 04, 2016, 09:37:17 AM
how we could motivate women to use Bitcoin because I tried several times to explain what it is and how to use Bitcoin ...was very difficult and have not really managed only once ..

Give her a btc and then show her what she can do/buy with it.. should do the trick.

But if she doen't know that bitcoin is and how can it be used and  where  to use it then what is the advantage of giving bitcoin to her for spending.

Absolutely we have to explain about bitcoin, how to get it, and how to save it. Then I told the woman to follow active on this forum. I'm sure the longer it will increasingly understand about bitcoin

No doubt all women loves money but they want it in easiest way, and I think bitcoin can complicate things for them, if they find it easy they will start using it or simply ignore it.
576  Bitcoin / Bitcoin Discussion / Re: Are you holding your bitcoin for a price increase? on: July 04, 2016, 09:35:13 AM
I am somewhat holding on to my Bitcoin for the price increase that is coming in the future because that is going to allow me to make allot of money.
Sure that I am not the only one who is going to wait for the price increase in the future.

Most  of the users are holding their coins for the halving hoping that price will be higher at that time, and now we are so near to the event so do not spend it now.
Definitely almost all of the users are getting ready and holding out their coins for the preparation of upcoming halving.
Because they know that the price is going to increase once the halving occurs.
That's why I'm also holding it.

That is the best thing to do at a moment as price is not too high now so its good move to hold it for next few days and sell when it hits your expected price.
577  Economy / Speculation / Re: If bitcoin dropped to $1, what you do? on: July 04, 2016, 09:33:28 AM
for my $ 1 is for very little money. if true bitcoin has rates of $ 1 then I will sell all goods in my home. then I buy bitcoin as much as I can. I'm sure some time later bitcoin will again have high price.
But if bitcoin fall to $1 , it's so hard to recover the price (CMIIW) . If anyone buy the bitcoin $1 and hold it .
The price is stuck and become stable until anyone sell it (CMIIW)
If anyone buy with price of $1 per bitcoin it will help a lot for bitcoin to recover because we can't be sure that the person that will buy only is just 5 or 10 because if you ask me i think almost all the users and even those people who didn't know bitcoin will buy because it will be a big news online and also for investor if the price would fall to that very cheap amount.

Buying bitcoin at price of $1 is something like buying it for free, and everyone will prefer to buy as the risk of loosing money is minimum as we know that it can again rise to at least $100 after that.
578  Other / Off-topic / Re: What will you do if you own 21 BTC? on: July 04, 2016, 09:31:25 AM
I think that I would just hold on to them if I owed that many of them, holding on to them is the best thing to do at the moment because we di not know what the price is going to be after the halving.
After the halving then we will see what has happened to the price and if it would make sense to sell some coins.

Holding till the end of the year is the best thing we can do, as it is predicted that price will be even higher in the year end in compare to halving.
I also believe about that the price will be higher in the end of the year rather than halving because in halving it will just create a panic which will result for a huge drop and if that happens many investors or shareholders will buy bitcoin again and they will just keep holding their shares for long term or even in the end of the year. In my opinion, it's better if you hold your bitcoin for long term investment instead by holding it until this year because every year the price is going up so every year your earning good amount of money.

It is expected that price will be around $1200 to $1500 at the end of the year and if it reaches in that range then all of us can make huge profits by selling our bitcoins at that time.
579  Bitcoin / Bitcoin Discussion / Re: Is it legal to earn and hold bitcoin ? on: July 04, 2016, 09:29:23 AM
Everyone of us are earning and holding it and I think that it doesn't make it illegal unless you are not a criminal and using it for criminal activities.
read to thread clearly,OP stating that in his country bitcoin was considered as an illegal thing,you can just change the rules and justify yourself just by your opinion,if rules say using bitcoin in certain area is illegal then it's illegal,and keep in mind that it's only in OP's country not another because bitcoin still accepted around the world

Yes bitcoin is widely used and accepted in most of the countries, and that doesn't make it illegal, and I am pretty sure that many more countries will start supporting bitcoin in future.
580  Other / Off-topic / Re: Have you ever lost Bitcoin? on: July 04, 2016, 09:26:59 AM
I've not lost coins from sending it to a wrong person, but yes i lost ome coins in scams.
No problem, because it consider it as learning money. The last year I haven't lost coins to scams and ponzi's
yeah most people suffered defeat or loss in betting or investing that to be scam.
I think it is fair when you take the option to grow your btcoin because its the risk ?
I have never been scammed but I do have lost some Bitcoins in the past but that was all because of the fact that I was sometimes was gambling with them.
Gambling with Bitcoins is not a good thing to do because Bitcoin is worth allot of money and it is just a waist to gamble with them.

Its better to loose in gambling rather then getting scammed, as it gives the feeling of being cheated, but in gambling if you are lucky then you can grab some coins in quick time.
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