Obviously i don't like paying full price when it comes down to bank transfers. Nobody does right. How can a simple 1k transaction with bitcoin just 30 cents, while a bank charges at least 14 dollar.
Where is this price difference coming from?
Well it goes into their pocket, which explains why the average bank makes billion dollars of profit each year..
that's right. the extremely low fees when you use bitcoin is one of the best benefits of using bitcoin and it is what most of the people see at the first usage of bitcoin. it is also why so many people are speculating about the price and the halving because of the fees that might increase in case of no price rise in the far future. |
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Theres a great video by 99 Bitcoin on youtube that explains how bitcoin works in a short video. Very Helpful.
many videos on youtube explaining about bitcoin and bitcoin works, and video with animation that may be easy to be accepted by those who do not know about bitcoin. so many ways for us to explain. yeah i have found out by experience that videos are much more effective than words. i can just show a quick video explaining everything so quickly and easily instead of talking for half an hour an having trouble teaching them about bitcoin. |
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yeah, i did that the first couple of days that i heard the news and it was new service on their site. i charged my account up full of money (steam wallet fund) and everything went smoothly and fast.
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take a look at the services section and see if you can find a job to do like captcha work (pretty low payment) or other small microjobs.
also check out other people who are offering services like designing, etc. that can give an idea on what you can do based on your skills in here to earn bitcoin.
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there are many exchangers that you can choose from to trade bitcoin with fiat (USD). the most popular ones are bitfinex, kraken, Bitstamp, btc-e and my signature coinsbank which is the old bit-x
there is also coinbase for easy usage and also as a trusted wallet.
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I am not using bitcoin as currency, or using but rarely. The main purpose why i am use bitcoins is investments. And i am still belive that my investment will make me rich.
Anybody can use bitcoin as a currency or as investment. Both are based on how much we are believing into bitcoin. If you believe the future of bitcoin then you must save bitcoin as an investment for your future use. Otherwise you can use bitcoin as currency now itself. if you use bitcoin as a long term investment means that you really believe in bitcoin. but if you only use as a currency and only take advantage in a short time, then you are still unsure of the long-term bitcoin. but it was not a problem, indeed bitcoin is not convincing enough with her future. As long as you use bitcoins in whatever transactions you are doing you can be considered a believer on it already, while those who are holding bitcoins and expect that the price will rise in the coming years, I can say that they are the true believer. a true believer in bitcoin is someone who doesn't really pay attention to all the drama and also doesn't pay attention to the price. if you are looking at the price then you are just investing in bitcoin and believing in fiat, while believing in bitcoin means price is not important but adoption is more important than anything else so you can spend your bitcoin directly instead of exchanging it to fiat. |
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A lot of miners will stop working after halving it's a fact, but we will get new miners on their placec. It will happen cause of increasing requirement to mine coins.
this is not true, you are talking without any proper knowledge. do you even know how much it costs miners that you are concluding that they will stop mining just because of halving?!! it would still be pretty much profitable for miners to continue mining even with the current price and half the reward. |
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Even when I win, I have double of what I went in with but end up gambling more.
It is bothersome thing if you ask me.
I would think it is the lure of the win and not all the time about the money, unless there is a lot at stake.
this is such a bad thing to get the habit of doing especially if you are betting big amounts of money each time it will get worse and one day you stop and look back just to see yourself in a lot of loss. i have been a little like this, and that is the way anybody will become a gambling addict and lose a lot of money. |
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It can never be profitable. Gambling will always be losing in the long run. If you went all in and won that doesn't mean you will always win. I would personally never recommend anyone to gamble unless there sure about it.
it is not "always" losing. there is always possibility of winning and we have all won in our gambling experience. if it was always losing nobody would have continued playing the game. and although it is rare there is always chance of profiting from it. |
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The best way is to hold on to your bitcoins once the price doubles your investment and cash doubles also or you can start a service here to make some bitcoins. Make sure to store them safely.
Price is at around $450 mark at a moment and double the price means $900 which I don't think is possible to achieve in near time, trade with your coins and try to grow it. i agree, the price of bitcoin is not going to grow twice in a short time to $900 suddenly. so just holding and wishing double profit may not happen for a year. on the other hand trading is not for everybody although it can be learned and mastered it takes time that most people don't want to dedicate to learning. |
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in my experience all the precious metals are an excellent way of storing value because they are so popular and you can trade them anywhere you want and the price is usually not that volatile but mostly rising.
although if i want to choose between the precious metals i would always choose gold first.
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I have $100,000 to invest but want to safely double it in a year. Any suggestions?
there is no safe way of doubling your money (making interest). if you want to invest all of it, i suggest diversifying so you minimize the risk. but the best way of making profit on such a large amount is to start a business, and the business type is something that you should find on your own depending on the niche you think is most profitable or you like doing. |
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What will you guys do if bitcoin price increased to 600.
Will you guys hold or sell your remaining bitcoins BTC
i will only "sell" my bitcoins if i need the money and i can't find another way of making that amount of money that i need. other than this situation, i will hold my coins until a big rise happens so i can make a big profit. |
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yes it is not hard for it we will see that very sooner bitcoin will touch the value of $800 and after that it will continue to increase more and so we will have a value of about $1000 till the end of this year which we will achieve from the mid of the year.
yeah especially after seeing how things have shaped up to be like in the bitcoin market and the adoption rate i am sure that rising to $800 is not a far goal. although i think this year there will be a big rise which will go past the ATH and will set a new record. |
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I save some bitcoin in the online wallet and I invested some of bitcoin on trading. bitcoin very profitable and easy to be used as a workplace.
many people are trying their luck with the trade without special skills. but most people only use startegy "buy low and sell high" strategy sometimes it worked. you need a special strategy to become rich in trade you need experience and a well though plan for making a profit with trading. especially if you want to get rich with it. most of the people are just investing and risking their bitcoin on pure chance for getting higher. |
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although this topic is mostly trollish but going all in with all your savings is not a good idea because you are risking everything but also staying away is not wise either, there is a good chance of making a good profit.
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you shouldn't use these services in the first place, they are legit without a doubt but they have some terms of services that are not compatible with everybody and makes a lot of problems.
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people are already have access to many platforms to buy/sell digital stuff like those you named (steam gift and CS:GO skins) and they are already trading all these stuff with other stuff (steam related) on different trading platforms like cslounge.
to make matters worse steam has a marketplace too where you can buy/sell stuff and now they are accepting bitcoin as payment too!
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The price is indeed low long term, but one always has the doubt if it is low short term and can buy a little cheaper, or sell and rebuy lower lol.
The price is trading between $445 to $465. So we can buy at 445 and sell at 465. But we might miss out if the price rises above 465. That is right. After you sell at $465, and the price jumped to $470, will you buy again or not buy? that is the hard part about trading this way. you have to make a very hard decision at that point about whether or not wait for the price to come down or buy and wait for the price to higher. and that is not something that anybody can give a general answer to, it differs in different situations. |
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