What if a 2008 style correction happens again in the next year or two. Would the price of Bitcoin go up or down?
i think the two things are not correlated. until now, few people knows and use bitcoin. i'm just hoping who next year there are a large adoption and use of bitcoin... this could really help ecosystem and price, too. Yes but the mass is start to gain for every year since 2008 and the popularity of this bitcoin is start to become mainstream to everyone so I think the price will going up higher than before since nowadays there are so many demands of bitcoin I don't think so! The price is volatile. The demands of bitcoin is not that much! Yes the price is volatile as always but with that volatile price we can get a great profit and the demands are great compared to 2008 because some of them are out from this bitcoin and others are hold on and a newbie joining that will make us a bitcoin collector and wait for the price to sell and get profit |
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I owns less then 1 bitcoin
add option to poll for less then 1 bitcoin, a lot of members owns less then 1
i think i will never own more than 1 BTC All things will need a process, if you want to own 1 BTC you should do a lot of work in order to get your bitcoin, try to buy higher account and applying in a signature campaign that pays a lot, then do trading often to get some profit and if you feel lucky you can try gambling just to try your luck. You can earn every bitcoin in many ways if you want |
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Without government support crypto currencies will in normal times ever be just a niche thing for nerds, techies and libertarians. You need the government regulation and acceptance to reach the mass and mainstream. I say keepz the government out of da cryptos all together. We don't need them. we don't want them. We are strong without them.
No, it is for normal people. And no, there will never be government support, because there is nothing in bitcoin that is an advantage for the government. Absolutely. Don't expect government to be so generous to the country. They are busy in making their own money and buying their own bread n butter. government will never support the bitcoin as a currency as they know it can be end of corruption if they adopts bitcoin Government will start to adopt bitcoin when they getting the full control of this bitcoin so they will eat both of them and start to make a new regulation to a new bitcoin user and everything that they do is sure proftable to them rather than us How would you go about getting "full control" of a decentralized currency? Government has two tools when it comes controlling or manipulating an economy which is the monetary and fiscal policies. Monetary policy being the interest rate and money supply, both of which don't apply to bitcoin. Of all the fiat currencies available, all the government can do is market their own home brew and make you think that the thin air that is backing "our" currency is far superior to the thin air backing another currency. Thats why I said in order to make bitcoin bigger, government need a fully control of this bitcoin so bitcoin will become mainstream to everyone not the government have the power to control it, but everything is according to their regulation, besides government wouldnt get the control because no one know who control bitcoin for now. |
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1. buy, I started my bitcoin investment in March of 2013, at that time, mining rigs cost a lot of money, avalon mining rigs were ridiculous expensive in 2013. It cost over 3000 USD. BFL mining rigs were scam and didn't ship machines at all.
2. still buy, mining is too difficult, can't get the principal back, especially difficulty is extremely high and mining rigs are extremely expensive. I could mine a tiny amount of btc.
In conclusion, I never mine btc, it is a tough job, I am an investor, that's why I buy btc instead of mining.
I think you can buy a lot because you got some money to spare for your bitcoin. I dont think everyone is just the same as you, they just need to find a really good ways to earn their bitcoin not from buying. And for now that way is hard to look for |
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Buy! its practically impossible to mine now.
Yes its true that mining for now is late because payout from solving blocks can't cover the cost of electricity, thats why many people is choosing buying than mining altough buying need some good budget so it would be like pumping bitcoin. But I am still wondering why there are still miners out there that advertise their mines like cloud mining or something like that |
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Generally, you should start to save in money, and only consider investing when you have a suitable stash. And you should not invest all of it. If you invest in a shop, for instance, and you encounter a loss, the business could still be worth continuing, in which case you need to invest more to keep it going. At your own discretion of course.
Most people can save some money, except at times when the luck goes against you, in which case you have to draw on saved money. Is that coffee at Waynes really necessary, or that last pint of lager?
The fact that bitcoin is sound money, and currently most probably will rise in value, and the probability of it's value going down is smaller, is in fact good for the small guy, the one who does not have enough to invest.
Its true that we need some cash to do investment but how are you going to invest if you didnt have that sum of money? I mean the real job payment is fit to them and they dont even know how to save their money anymore. How are they going to get their money and how much do they need to save it? I think for their cases it would be easy to save or do some investment To have something to save or invest, you have to earn and not consume all. The idea is that if you have only a small sum, don't invest, just keep the value in the form of money. Bitcoin comes to mind, it is good money and there is no lower limit. If you want to invest, you don't have to do a project like a shop on your own. You can take a share in a collective investment effort, a public stock company. With the internet brokers, you can play small, buying single shares with a very low cost. I don't say it is worth the bother, just that you can. There is no excuse for not saving or not investing nowadays. Either you want, or you don't want. But the turnover from this low sum of money is not good enough, some people need fast money but the cost is low so they can get a big profit from it and can start to do things with that profit. And about share, that is not something you can buy easily because you need to pick which share is good and profitable and some profitable share need a high fund to buy That's what investing is. Find out what is profitable, set your money at risk, and do it. That's why, with a small sum, just save. So how to get lots of money, not saving or investing or working or whatever, with no risk? I have no answer for you. Find any investment that is profitable with a low budget of money I think it would be hard to get nowadays. So you suggest just do saving a lot altough it is in a low? Any other things to suggest for a low budgeting? |
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When the first time I knew about Bitcoin, I earn it by playing some faucets. And I just earn maybe 0.0001, and it's when Bitcoin price still in $500. And then I moved to the solo mining, I mined some doge and earn $5 maybe for 2 weeks. But then I couldn't do it again, so I moved again to the faucets. After maybe 2 months later, I found an amazing topic that lead me to here. So now, I could earn $6/weeks by myself  faucets need to be played in mass to be profitable if you open only one tab you can't earn anything, but with 10-20 tab and a rotator in everyone it's a different story, maybe a bit stressful but if you are young you can surely do it Yes its true that you need more than one tab and the payout is good enough but you must need so much time to clicking the captcha and its boring enough and its just wasting your energy to clicking the captcha one by one? Better if you got bot to do it, it will be much easier but to find bot nowadays is rarely so better for me to get out from that faucet things I don't think a bot could actually accomplish things such as captcha entering because captchas are invented to battle bots in the first place. You need to do it manually if you want to get paid. You can't complain because after all, money needs to be earned with a lot of hard work, and even entering captchas and clicking buttons are considered one. But someone will buy that auto captcha to accomplish it so he just open their pc or laptop for 24/7 then his bitcoin will flow like a water. I dont know how much is the price for that auto click. If you use like imacros or something like that. I ever found thread about someone post their script to earn from faucet but I can't recall it for now since I didnt use any faucets now |
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What if a 2008 style correction happens again in the next year or two. Would the price of Bitcoin go up or down?
i think the two things are not correlated. until now, few people knows and use bitcoin. i'm just hoping who next year there are a large adoption and use of bitcoin... this could really help ecosystem and price, too. Yes but the mass is start to gain for every year since 2008 and the popularity of this bitcoin is start to become mainstream to everyone so I think the price will going up higher than before since nowadays there are so many demands of bitcoin |
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Generally, you should start to save in money, and only consider investing when you have a suitable stash. And you should not invest all of it. If you invest in a shop, for instance, and you encounter a loss, the business could still be worth continuing, in which case you need to invest more to keep it going. At your own discretion of course.
Most people can save some money, except at times when the luck goes against you, in which case you have to draw on saved money. Is that coffee at Waynes really necessary, or that last pint of lager?
The fact that bitcoin is sound money, and currently most probably will rise in value, and the probability of it's value going down is smaller, is in fact good for the small guy, the one who does not have enough to invest.
Its true that we need some cash to do investment but how are you going to invest if you didnt have that sum of money? I mean the real job payment is fit to them and they dont even know how to save their money anymore. How are they going to get their money and how much do they need to save it? I think for their cases it would be easy to save or do some investment To have something to save or invest, you have to earn and not consume all. The idea is that if you have only a small sum, don't invest, just keep the value in the form of money. Bitcoin comes to mind, it is good money and there is no lower limit. If you want to invest, you don't have to do a project like a shop on your own. You can take a share in a collective investment effort, a public stock company. With the internet brokers, you can play small, buying single shares with a very low cost. I don't say it is worth the bother, just that you can. There is no excuse for not saving or not investing nowadays. Either you want, or you don't want. But the turnover from this low sum of money is not good enough, some people need fast money but the cost is low so they can get a big profit from it and can start to do things with that profit. And about share, that is not something you can buy easily because you need to pick which share is good and profitable and some profitable share need a high fund to buy |
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When the first time I knew about Bitcoin, I earn it by playing some faucets. And I just earn maybe 0.0001, and it's when Bitcoin price still in $500. And then I moved to the solo mining, I mined some doge and earn $5 maybe for 2 weeks. But then I couldn't do it again, so I moved again to the faucets. After maybe 2 months later, I found an amazing topic that lead me to here. So now, I could earn $6/weeks by myself faucets need to be played in mass to be profitable if you open only one tab you can't earn anything, but with 10-20 tab and a rotator in everyone it's a different story, maybe a bit stressful but if you are young you can surely do it Yes its true that you need more than one tab and the payout is good enough but you must need so much time to clicking the captcha and its boring enough and its just wasting your energy to clicking the captcha one by one? Better if you got bot to do it, it will be much easier but to find bot nowadays is rarely so better for me to get out from that faucet things |
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Without government support crypto currencies will in normal times ever be just a niche thing for nerds, techies and libertarians. You need the government regulation and acceptance to reach the mass and mainstream. I say keepz the government out of da cryptos all together. We don't need them. we don't want them. We are strong without them.
No, it is for normal people. And no, there will never be government support, because there is nothing in bitcoin that is an advantage for the government. Absolutely. Don't expect government to be so generous to the country. They are busy in making their own money and buying their own bread n butter. government will never support the bitcoin as a currency as they know it can be end of corruption if they adopts bitcoin Government will start to adopt bitcoin when they getting the full control of this bitcoin so they will eat both of them and start to make a new regulation to a new bitcoin user and everything that they do is sure proftable to them rather than us |
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OMG, that is very amateur from his part. He is running an exchange and he uses double e-mails? I use separate passwords for all my websites which are 25-30 character random strings. Let me guess his password was: BTER123 ?  I'll go for - password. Plenty of bitcoiners are probably guilty of being a bit lazy with internet security elsewhere. Sometimes it feels like too much hassle and then you're hacked and then suddenly it's, er, not. Lazyness it not that bad, it makes you do always the shortest thing with the less efort involved. But when it comes to money, then maximum discipline is required, there is just no other way around it, there is a such high demand for money that anyone can/will steal it on the slightest occasion it will get , so keeping the money on secure places / discipline is the only option to stay safe. I agree when it comes to saving our own money the great level of discipline is required. and if you are not disciplined enough in keeping your money safe then it's an open invitation to thieves,scammers etc who are just waiting for this opportunity to just take away everything from you. I think that is matter of luck, when the thieves is going to scam you or may be want to get all your bitcoin they must find a good ways to get it, altough you have a good dicipline and you put your bitcoin in a high level of security if just one mistake your coin will gone forever. So its better watchout from a good promises investment |
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There will always be naysayers, and as bitcoin expands, the number of naysayers will also expand, like rings in water. Get used to it.
Yup empty vessels sounds more. Its just because of the press and media who are busy in spreading rumors regarding the bitcoins makes people to rethink whether to go for bitcoin or not. As the prices are going down continuously people hesitate in investing in the bitcoins. But with people start hesitating doing investment in bitcoin the chance to own the rest of bitcoin higher so we can get more profit from bitcoin investment and with that profit we just need to show them and they will start investing in bitcoin again. There still no prove for them that bitcoin will be big enough thats why they are hesitating to invest |
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Is it better to save money in bank or invest it online, in real estate or maybe gold?
if you can manage, half of your income could invest with a gold, cause gold is the first easy invest for new comer , but if you want to try, maybe the property not a wrong choice,(but for me, property is difficult cause you must know where you buy, the perfect location, rate every year of that estate, even rate always up) Very True. Gold can be the one option to invest and there are assured returns in it but you to have patience as the prices of gold fluctuates everyday and so far real estate is concerned you need huge amount to invest in it as the land prices are climbing up and up so for an average person its not possible to invest in property or land. Gold is always profitable investment. But my question is it really possible for an middle class person with very average salary can afford to invest in Gold as it requires good amount of capital in hand so i think his basic necessity is to take care of day to day expenses so saving is best option. No investment is always profitable, and as someone that is currently experiencing negative returns on gold, I can say along with many others that gold is not always profitable. I'd say it's a good alternative store of value, especially for those that have lost faith in fiat, but it's still very possible to have losses in gold. Not all investments can give us a real profit, some of them can suddenly going to bankrupt then you will lost all your investment but for gold I think every investment in it is always profitable because in this last 10 years the price is always raise so for the long term I will get gold for the real investment to make |
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Some people of course are waiting for $100 to buy but dont you guys think if the price is going down till $100 is there any chance to go back to normal or even higher than usual? That is just some kind of prediction to make, and for other they will buy for now and investing it continously that will be good, you can get profit whether its up or low. Both of it will be profitable
Only mentally retarded people are waiting that bitcoin should go to $100 the wise person will start investing in bitcoin at present itself without waiting for the prices to lower down more. As this is the right time to invest because the prices will rise up in future so he can gain good returns. I dont think it will be like that because you didnt even know what is the future for waiting us. How about if later it drop until $100 then raise again until $400, you sure will get some big profit if you invest in it right? Its better than buying for now and then the price is just raise untill $300 only. The profit gap is too much |
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I would keep the gold in hand and never sell it for 10 years, while I would't keep Bitcoin in hand with no transaction. In somehow, the Bitcoin is just an invstment and I have to let it go and back for interest.
Gold is better then bitcoin would love to invest in it as it is the best investment product and don't go with the present prices just think of the future and it will definitely give best return on investments say after 15 to 20 years but its difficult to judge whether bitcoin will survive or not. Yes gold is better than bitcoin if you ask me but we must see the progress too. Gold, the price is always rise every year but it is more stable so if you invest in a long term I guess gold is the best but if you want it in a short term bitcoin is good too because the volatile price we can earn random profit and we can earn more that we can imagine so both of them is good. Just invest in both of them Yeah I put Gold over Bitcoins. Can't afford to trust on bitcoins as its existence is only since last 6 years but the Gold is traditional and trustworthy. So investing in Gold is an best option to look for as people trust Gold more then any other products and good returns are definitely possible. You can't say that gold is over to bitcoin, because both of them are not in the same condition, like gold I know the price is raising by year but the problem is gold price is too much for some people but bitcoin may it will last for decades altough the price is volatile you still can invest it because the price is not as high as gold to be true and we can earn through signature campaign so the turnover is fast enough |
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less dumping from everyone, less holding, less fud, and certainly more buyng
the usually duo about supply and demand
less holding? how so? if people don't hold their coins, how would you expect the price to reach $1000 holding is a crucial part of a high price. if everything they do is holding, then the price won't magically rise, this is what i mean Fully agree on Amph his statement The only reason why bitcoin got any value at all is because people started using it for all kinda things. If you simply stash it away like a few large owners do, it will not get any value. Some say the value of bitcoin is not important but for mining it does. Nobody wants to loose money, almost everyone in this game want profit. The traders, shops, mining-equipment and exchange the list is endless. Since its no longer profitable for most people on the planet, most pull out of that extreme sport which only ends up to be done by the very rich. Well decentralized for how long look at how many pools are left... not really decentralized at all in my opinion It is impossible for every one to just hold their coins. Every one want profit so there are definitely some ppl who are trading it frequently. But it is not the right way to get the price reach $1000. It just creates bubble and cannot last long. We don't need the way used in 2013. Ppl will find the benefits of using bitcoin as its ecosystem is improving, and find reasons to use it. The price will be steady to increase! Nope some of them will hold their coins just incase the price is going up again after that, some of them really want a big profit from this bitcoin thats why they just save for the best price they can. Yes everyone sure want get profit but how much profit do you want to get? If you buy bitcoin for $100 and then you sell it for $101 , this is also a profit too |
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Generally, you should start to save in money, and only consider investing when you have a suitable stash. And you should not invest all of it. If you invest in a shop, for instance, and you encounter a loss, the business could still be worth continuing, in which case you need to invest more to keep it going. At your own discretion of course.
Most people can save some money, except at times when the luck goes against you, in which case you have to draw on saved money. Is that coffee at Waynes really necessary, or that last pint of lager?
The fact that bitcoin is sound money, and currently most probably will rise in value, and the probability of it's value going down is smaller, is in fact good for the small guy, the one who does not have enough to invest.
Its true that we need some cash to do investment but how are you going to invest if you didnt have that sum of money? I mean the real job payment is fit to them and they dont even know how to save their money anymore. How are they going to get their money and how much do they need to save it? I think for their cases it would be easy to save or do some investment |
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I just mine here and there. A little trading of altcoins occasionally as well.
so you have a mining software like GUP or something like that? I think you can earn a lot from that job. If you have mining software I guess for now it will not profitable as before because the cost of that mining thing is a a bit high and the payment for each solved blocks is low so I think you wont cover it by mining it using that method |
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when does the next 2 wk period end......may 20th? or the end of the month (the thread started the april 19th?)
gonna be tough to make a min of 50 posts for 2 weeks... if it is the 20th in my case
I think it will be on 18th May because this thread had already made the first payment and this is the second one. 50 posts for 2 weeks is a little bit easy I guess, you just need to spend your time a little bit to post around 4-5 posts one day you can make that minimal post already |
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