For me, in all honesty, bitcoin has become a profitable work for me, since I am a student and there are limited job offers for me as a minor, Bitcoin has become a resort for me to gain profit, and it is quite amazing since there are tons of possibilities and ways to earn through bitcoin investing.
Since you are a student, i suggest for you to just stay with bitcoin full time because you can earn a lot of money and you don't need to go out anymore because you can just stay at your house and still earn money from your work in bitcoin because there is a lot of opportunities in bitcoin compare to the outside world from the internet. |
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Bitcoin is not normal for me because its price is falling down and i am not used to that because i am used in the market of bitcoin that is going up and that is the normal thing for me and i believed that bitcoin is on an unhealthy stage from now and i am really hoping that bitcoin will recover as fast as possible.
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I think the answer is a No. Also, I think banks still don't accept Bitcoin, and will just accept Bitcoin when it is legal already.
I'm not really agree to you. I think, In other countries, there are some banks or institutions are accepting bitcoin to be cashouted in their Bitcoin wallets. I want to share my experience in cashouting my Bitcoins, this is the sequence. I am using Coinbase and the btc stored in Coinbase will be sent at Coins.ph wallet and i will cashout my bitcoin through Cebuana Lhuiller. I think that is a form of remittance, your way of withdrawing your money. The question is, 'does any bank accept bitcoin' then the answer is still no because there is no banks that are centralized that will agree on something that is decentralized because that is not a good thing for them because it will make their users to just use the decentralized one. |
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I really believed that the price of bitcoin will crossed the 20,000 USD mark in the future or in the next months because the dump or price crash is normal for a correction since bitcoin doesn't experience some correction from the past month and i think that this is the correction and the great entry for the late investors because we are just refueling for mooning again.
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I preferred ICO investment because they are cheap and they are fast in multiplying their prices which is also the same that will happen to my money. The different ICO's are the proof that making money is easy online because once you find a great ICO then invested your money then you can easily expect great income from that investment in just a few weeks.
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50K $ per 1 Bitcoin ? we dont know. Its hard to imagine a bright future we cant but we must
Everybody can make their wild speculation for digital currencies and since bitcoin has already reached 20,000$ mark, i don't think it won't reach 50,000$ mark 50 years from now. Maybe it'll be hundreds of thousands already during that time. We just don't know but my speculation will be in favor of bitcoin. After 50 years, i think that the price of bitcoin will be worth a lot of money and i think it will be more than half a million of dollars and if the hype in bitcoin will be higher and higher then it can easily bring the price up to a million dollars and be the strongest cryptocurrency in the world and maybe even as a currency. |
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It doesn't matter because it all depends on what you believe and for sure you will not become a millionaire in bitcoin if you don't know how to analyze the market because all of the years that you spent in bitcoin should have given some results like you learned how to read charts that will help you to determine if the market is still on a bull run or bearish.
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If bitcoin goes to zero then i will get a lot of it. I don't care if bitcoin's value is zero because as long as that i have the cryptocurrency that i got from my first day in cryptocurrency and i have it as my memories of my start and so on then i will not be bothered for the price of bitcoin. I will just keep it on a wallet just like a collection.
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
yes it is, I say investing itself is a risky thing to do because you are not sure of what is going to happen. when you buy bitcoins, you should never put a certain amount that you are not ready or willing to lose. Bitcoin is a risky investment and you should be aware and thinking of that always. If you want to turn all your money into bitcoin, that's your choice but I recommend you not to do that since bitcoin is highly volatile which means it is continuously changing in price, if the tide is in your favor, you are too fortunate. It is better to just put at least 10% of your money in bitcoin because if you are already an adult and have a family then you should consider your family if how you guys are going to continue living to your lifestyle if your money is turned into bitcoins and you have a dramatic losses because of the price crash which affects a lot to your life. |
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Don't let the FUD goes into you because if you will allow the FUD to get into yourself then you will not be able to invest and believe in bitcoin anymore because you will just think that almost all of the things that we are saying here is just a bluff for you. 2018 will be another great year for bitcoin and not a downfall for sure. Just look at the history of bitcoin based on charts and compare it right now.
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Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?
Let me hear it from your own opinions...
This is actually an interesting question. I believe that it is the same to our social media accounts and credit with in online games. It will still remain in our accounts. Not unless of course someone will claim for it, like submit some legal documents as proof that he or she is our closest relative. Then again, it is still wise to have a last will and testament when it comes to bitcoin. It is best to have like that. We should create like a legal document so the bitcoin will be transferred into our relative or a family member that will continue your legacy and they will continue in dealing with the different cryptocurrencies because it is better to have someone that will get your bitcoin once you are dead and not just putting it within your account and doing nothing for the possible scenarios in the future. |
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Almost all of the form of money is being used by the criminals because that is their way of transferring fund to their other groups in order to buy something without having some trouble for their selves. I think that in the first few years of bitcoin that the other cryptocurrencies are still not existing, they are surely using bitcoin because of its 'anonymous' transaction.
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The price of bitcoin will sure rise up again because this happening is already have been done a lot of times ago and this is just the same cycle that bitcoin have which is not a new situation for those people who already in bitcoin for a lot of years ago and if you already notice the pattern then you know what to do right now which is to buy a lot of bitcoin.
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The increased price of bitcoins is one of the reason and the use of this bitcoin technology world wide without a third party situation are the reasons to attract people into the bitcoin community. There are various other reasons why people are getting on the bitcoin network such as low transaction fees world wide and the transactions are safe and secure with high transparency in the crypto graphy network. Bitcoins are a good investment method which helps to get huge returns on your investment where you will not be able to enjoy the profit any where else. Bitcoins are controlled by only the user's which means only you have control on your own finances.
There is no doubt of course that bitcoin is one of the best investment because the market and growth of bitcoin is almost perfect for me. The volatility gives a boost for our investment to get profit in just a very short time which impresses me about bitcoin and i think that as long as we are holding and not panic selling, we can just get rich without noticing it. |
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If 100 bitcoins will be credited to my account then i think i will be happy to accept it even though it was not for me in reality. I will just accept it because there is no chance for the sender to contact me because the address of bitcoin maybe public because of the blockchain but it will not give you any traces because of its features which means that it is impossible to recover it from me.
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There will be some reasons but most probably value decrease and government legalization issues. hope it will not happen though.
I think government legalization will not be a problem since there are a lot of people that say that even Bitcoin is banned in their country, they can still use it as an investment online but just can't use Bitcoin in their country. Value decrease is happening mostly, and I think a lot of investors are taking it as an advantage since they want to invest on it. If there is something that will bring bitcoin to die, I think that will be no development and no upgrade for Bitcoin. That is one of the major possible situation to happen that will make the life of bitcoin to an end. If there will be no development or even upgrade for bitcoin then it will be impossible for bitcoin to just continue living. I think that the banning of the government will be a huge thing in the future because even though they can still use it, they will be having hard time in using it which is just useless because you will experience difficulties too in cashing it out because of the law that the government implement to a certain country. |
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I also sometimes dislike bitcoin but it is about its fluctuations  . I understand why people negatively talk about on bitcoin because it is normal to think it is ponzi in the beginning (at least for most people) but then they will figure out the differences. Just give them time. Fluctuations are normal and not to be disliked by the bitcoin users because if you are still doubting at the fluctuations then you are still a newbie. Let them be, what they are going to say about bitcoin because at the end of the game they are the one who will eat their own on what they are trying to say to bitcoin about its background info and so on. |
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Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...
What's your take on this, should I go ahead and quit?
Thanks
If you had earned enough to compesate your lifetime expenses you can resign from your present job but if it is not enough for a lifetime think first before resigning. You can attain that sustainability for long term if you will do something and not just depend on your job because it will take a lot of years before you can establish a secure financial state of your family and it only takes a few years before it will ran out so i think having something that is different to the used ways is the only thing to reach and sustain that financial freedom. |
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Bitcoin is definitely not a gamble!
Gambling is all about luck.
And bitcoin is different, the price of bitcoin is determined by the market!
Bitcoin has its own technical features and is still optimized, so it makes sense for him to have a market!
Buying a currency and not knowing whether it is going to go up or down seems like a gamble to me. The hope we all have is that, we are going to buy and hope that the value is going to rise and maybe gain some profits. Nope, not us. You are the only one that is doing that. You are buying and having some hope that the value might go up to the price point that you really like to sell but if you have proper knowledge of analyzing possibilities then you can easily predict or have a perspective if the coin is really worth to invest as of now or not. |
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Don't sell your house in order to buy something that doesn't have some assurance that you will have a huge return or stable return over the years because you might just regret doing that and it is better to slowly but surely get the thing that you want to buy and not just be greedy and sell your properties because that is not a smart move because you can become broke in just few weeks.
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