Do not let go, the more places to make money the better, we should be able to divide the time between bitcoin and other work for example by making a schedule. Do not let us regret having let go of our work...
I agree with you. That is the best thing to do in order to be secure and sure that we will earn money in the future because if we will have multiple sources of income then there is nothing to worry for the cash flow because it can continue as long as the multiple sources of income is being well maintained. |
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Maybe theiy need funds to support the daily budget.many reason why people sell bitcoin.number one reson is need money.
Yes, there are a lot of reasons why people sell Bitcoins; obviously they want to have their profit as soon as possible, the other one is, they don't trust the security of their wallet to protect their Bitcoins so they don't hold it longer even if they want too. Furthermore, they have daily needs so they really want money. In short, they are not fully committed in bitcoin so they are scared and they keep on doubting in bitcoin because they think that having bitcoin is just risky because of the chance to lose some money because of the price volatility. The security of the wallets are not that big deal because they can make it secure if they will just do the security recommendations. |
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BITCOIN doesnt sounds money ! bitcoin is money ! bitcoin give pleasures to so many people of the world , they invested some amount and look what and where they are now ! what are they having and what they will have more in the near future! bitcoin is REAL money and it may replace FIAT sooner or later ! i wanna see bitcoin reach the milestone of 20,000 USD!
That is true, bitcoin is a money and that is why people are going crazy just to get some bitcoin or earn it because they know that the price of bitcoin will continue to go up in the next few months and years. In the future, bitcoin maybe will be priced by 6 digits us dollars which will become the very big achievement or milestone for bitcoin. |
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let them grow on my ledger. I am sure they will be much higher in a few months! A safe and highly profitable investment
It is great that you have a ledger wallet which is a hardware wallet that is one of the best wallet for keeping bitcoin for long term purposes. Keep getting bitcoin and i think that it is very possible for you to become rich in a shorter period of time because bitcoin is risky but worth it investment because of the high return. |
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I wish that it would be implemented in the whole world. I like Mcdonalds compared to any other fastfood chains. So I hope that bitcoin will likewise be used here in my country to buy foods at Mcdonalds. That would be exciting and people will definitely get to know more about btc. If the mcdonalds will implement it to their store or restaurant then it will be implemented too in almost all the branches of mcdonalds because people that are using bitcoin are all over the world and the only thing that it can help the other people in the other part is to enable it so they can also enjoy using bitcoin to pay for their food. |
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I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??
People is just using it to profit in Trading. But I know that Bitcoin will be more than that someday. We just need to wait and support the cryptocurrency world. Most of the people are in bitcoin because of the profit or money to be exact but other than that, there is no reason for the people to just use it for making money because they are after the technology of bitcoin which is the core of bitcoin and the reason why the price of bitcoin is so high right now. |
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Yes it is.
Bitcoin is the new gold. But gold and bitcoin is a big difference.
Yes your right, there's a lot of difference in bitcoin and gold, and i agree what you say, that our bitcoin is a new gold in this generation. Becasue if you can see the value of bitcoin is higher rather than gold but it connot replace the image of gold, and that's my opinion. It is maybe the new version of gold but the whole concept of bitcoin is very different compare to gold because bitcoin is a currency and it has a lot of advantages on its system that made bitcoin as a very special type of asset or investment while gold stays on what it is and i think that there is no available development for gold to use it for better purposes. |
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Bitcoin is very different from gambling. Yes it can be used for gambling and casinos but that does nit mean that it is already gambling. Bitcoin is a form of investment wherein the price accumulates or depreciates and it is similar to stock exchange.
I agree with you that bitcoin is a type of investment and because of that investment it gives people to choose bitcoin over the other form of earning money online because most of the times, my friends are spending their time in gambling but when they found bitcoin, they stop and they put their attention in investing and accumulating bitcoin. |
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You guys should stop buying Bitcoin - how am I going to fatten my wallet if the price keeps rocketing up? What are we going to do when the Satoshi achieves parity with the dollar?  Made my day, this is what I keep thinking. Just stop already and let it go down again so I can buy some. Not willing to buy at this price, its insane. Period. The best factor that will make bitcoin price goes down is that miners should switch to other altcoins so that the fees of bitcoin transaction would go high. In this way, investors will sell their bitcoin and make the price of it goes lower, an opportunity for others to buy more bitcoins. There is no possibility that the miners will transfer into another coin because it is really profitable for them to mine bitcoin and to support the network and that will be the reason for them to continue putting some machine to support bitcoin because of the profit that they can get. The price of bitcoin will not go down unless there is a huge bad news. |
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How about only earning Bitcoin and not using them?
I think the price of Bitcoin will gain much more value.
So if we keep it as our asset we will be much rich in the future...hehe...whats your opinion about this?
Bitcoin saving is very different from saving fixed asset like gold, dollars and other precious materials waiting for its value to shoot up in the market. bitcoin must continue to circulate in the market trends to justify its stability and gain more trust and interest by the public consumers. So its alright to save your bitcoin partly, but use the rest so that Bitcoin will continue to generate in the market. It is really up to the person if they will use bitcoin as a saving or they will use it to make more money in the future. Bitcoin is a very expensive currency and it is still going up even though there are people saying that it is too much for bitcoin. It doesn't matter if you will spend or save because as long as you are doing it for good then there is nothing wrong with that. |
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Bitcoin gave me the opportunity to become rich and give me lots of money and things I could not own.
That is what bitcoin does to us and it continuously proves itself in helping ordinary people like us to become part of the society. To become rich. I am not yet rich but I think I can be one if I continue using bitcoin. As of now I am earning a good amount of bitcoin and because of that I was able to have a savings. I now know the importance of money and I am now a good spender. Bitcoin is life for me. You can become rich because of bitcoin if you will continue to earn and save those bitcoins that you will be earning in your work and also do some extra work in order to get some chance to gain a better and higher amount of bitcoin for longer term. Bitcoin is very great opportunity and we should not waste it and take it for granted. |
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actually I just saw it on a documentary. they may be using anonymous bitcoin transactions, so they can make transactions for criminals freely. but for now, it may be tracked if there is no mixer inside.
My guess is that there's people out there trying to decipher some sort of code to try and track the criminals. However wouldn't they just be able to do this through their IP and active computer and device monitoring anyway? I don't know how FBI works but remember on how did someone tracked silkroad and shuts it down. I watched a video related to it that the owner of that marketplace is also here in forum and the simple guy from the FBI did researched all of the things throughout the entire forum since bitcoin is the currency they used there. I'm not that much knowledgeable when it comes to these things, I just watched it. That video that you are trying to say is a very great work by the FBI personnel because he just roam around and keep joining forums and doing a lot of research to finally find out who is behind the marketplace of silkroad until he find out the IP address and locate it and get the person behind silkroad and that is not the only time where bitcoin is being used in crimes because maybe for simple or small transactions, bitcoin is being used illegally. |
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They sell bitcoin because they want the fiat money behind it and they don't want the technology. Bitcoin has a high price and since it is almost all about the price of bitcoin that matters, most of the people are selling bitcoin because they already made a lot of profits in their investment and they want to enjoy the profit.
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Yes it is really risky to invest in bitcoin because it is volatile currency and in each second it’s value is changing rapidly....
It is alright if you are going to invest in bitcoin for long term and you will just buy and hold it for long term. If that is your plan in investing money in bitcoin then it is not risky to put some money in bitcoin but don't forget to only put the amount of money that you can afford to lose and not all your money. |
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Since the total number of bitcoin is fixed, so the value of bitcoin will keep grow, and it's price will keep grow also. So will there a price cap for bitcoin?
Nope. Just like everything else, all good things have got to end. This also applies to bitcion's price trend. The usual suspect for the price to halt its rise is the end of supply for bitcoins. Meaning, there's nothing more to mine. This usually ends the price movement becauae we have a fix supply of bitcoins. There is nothing wrong if the supply of bitcoin will be mined in the future because the miners can still make money by confirming the transactions in the blockchain and the supply of bitcoin will just go to the exchanges where they can buy and sell bitcoin and make a lot of money because of trading it. The price of bitcoin will not increase forever because it has still the chance to have a huge dump because of the unsure environment of the market. |
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Bitcoin might be the new gold because it has a limited supply and its price is keep on rising just like the original gold but the only thing that makes difference from bitcoin and gold is the chance to make a safe investment because bitcoin is volatile so it is very risky to put money while gold is a good option since its price is almost stable per year.
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On November 29th I wrote in this thread that there will be a correction, but $7k is unlikely. My alternative guess was that bitcoin may rise to $11-12k and then correct to $10k. The correction happened on November 30th and was somewhat in between, from about $11.5k to $9.5k. I would say that another drop of similar magnitude is possible, but $7k is even less likely now. However, start of futures trading will be a big event and the result is unpredictable.
The price of bitcoin will just become unstoppable and it will continue to go up in the future, the price drops will be minimized since all of the investors and traders are very bullish about the price of bitcoin in the next few weeks and months. I really think that the bitcoin will just have a full bullish market for the remaining days in the month of december. |
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Of course bitcoins used in crimes now, because you can't track any transaction, it is impossible. But bitcoin is not panacea, any fiat money used for crimes too not less than in bitcoin!
Bitcoin is just a currency and almost all the currencies are being used to do some crimes or to do some illegal transaction because they know that they can have a way to make undetectable transactions because of the possible cover of the anonymity. Bitcoin is being used back in the days but right now, it is more on an investment and not an option to do some crimes. |
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If you are an investor for long term then i don't think that there is reason to just stop buying bitcoin because if you will buy bitcoin then you will have an investment that is good for long term and just do cost averaging so you can have a safer way in investing in bitcoin even the market is so volatile and risky for a lot of people.
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When i die, my bitcoins will be going to be used by my family members because they are the one who knows what are my passwords and the other data that i input in my little notebook. I already prepared for worst case scenarios and i already teach them on how to get the money from bitcoin by converting it so they can use it in the future for some money matters.
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