I am not buying bitcoins at the moment because the price of one bitcoin is to high and i dont think you should buy them right now you need to wait maybe next year when the price drops.
Or price will double up... u don't need to buy whole 1 BTC, u could buy for example 0.1 BTC  its good investment also by me. Noone can predict price, just invest if u think its good idea not good price. I would go into good price not a good idea, because often when you invest in a good idea you are often wrong with what you think. While having a good price on what you buy means you have studied it, you know its support and resistance and you know your margin of safety don't always invest if people are starting to buy. Remember don't try to catch a flying eagle or a falling knife sometimes the damage might be greater than the gain. |
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What do you guys think it would happen if all the governments in the world declared bitcoin to be illegal?
How do you think the community would react? What could be the possible solutions?
Bitcoin for sure in my country will never be banned, It's free use for those jobless in my country helping themselves to know more about what bitcoin really was goverment here in my country really don't cre about this currencies and they all care is real fiat where they use it for illegal things eventually goverment cant touch our bitcoins But most of you are not answering the question "What If?", All of you are just saying that it won't never happen. But yes if it happened everything illegal will be on high price. Because the demand will be high, unless the FBI or CIA will have the wits to block instantly all sites related to Bitcoin then Bitcoin will be worthless as it won't have any light online. |
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Actually most people are not trying, most people work their normal jobs all their life and wonder why they are not rich. You won't be rich working for someone else, that's why most people are not rich. Im not saying its easy but its not as hard as people think, confidence alone can make you rich
Easily said than done. Government doesn't want you to be rich, it wants you to work hard receiving small payments for your work. That's the nature of almost any government and if you would try to change the situation they will surely do everything they can to make you unsuccessful or to put you in jail if you are trying to succeed anyway. There are exceptions of course, so you can try, who knows maybe you'll be one of the exceptions. Althought we think that all of the Government are not just, all of our taxes are progressive. Which means that the higher your income the higher your taxes are. So it really is fair for people who earn low money you can even have tax exmeption for it. The idea of taxing is for the improvement of our publuc purpose if we don't see any progress maybe we are not looking far enough. Like the improvement of our economy. |
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Its depends upon the knowledge and interest of that particular individual of what is choose.Some one will say investement is much better than gambling but some one who has no knowledge of investements then even investement is similar with gambling for those because you are only chancing your luck with any plans.
Yes, it depends on people what they choose. I think many people as an investment because here the profit will come a bit late but to compare gambling this is good. We can make some profit. In gambling it is not like that, it's full depend on Luck. If luck is there Then only we can able to make a profit. Otherwise, it's a big loss for us. The only good way to invest Bitcoin is by converting it to Fiat , if not holding your bitcoin in your wallet and converting it to Fiat if the price gets higher other than that no other Investments are good for it every thing you see in the internet relating to investment are fake. I would rather choose gambling my bitcoins than losing it via Hyips or cloudmining sites. |
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if i am confident that i could make some serious cash with bitcoins ,then i would quit my job and would spend my time solely for bitcoin,it is too late for me to earn some serious buck at the moment.
If you do believe that then let it be because there are some people that doesn't want to quit their full time jobs even though they know some serious way to get good bitcoins and able to support their daily lives with it. Because they know that if they have a lot of source of income that is going to be the best way to help them financially. They are doing it because they are playing safe and you might have a good source of income but you cannot maximize your income. My goal if ever I will quit my job is that is to earn as much as I can so I can retire from making money at the young age and when I have much savings I can already enjoy my life living a simple yet peaceful life. It depends on persons perception on how he gonna plan his future some may intend to play safe and remain on the traditional way on earning money because they dont like to risk to switch into bitcoin and some dont hesistate to switch as long he earn decent amounts compare to his job. It really depends on how people would apply it . Yeah i think before you think about quitting your job and going full time bitcoin you should have a plan. I myself am planning to go fulltime around early next year so now im trying to study all other ways to earn on bitcoin and the possibilities are actually inviting Gabmen can you pm me about the plan you have in mind, I am interested in earning bitcoin like it is a part time job to me. I want to experience being paid full time online even without quitting a real job. For me if you can handle both real job and bitcoin I can have 2 months worth of salary in just a month. But I don't think quitting your real job is a good idea. I would rather do both at the same time. |
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Share with us what's your main reason for buying bitcoins?
I Don't Buy Bitcoins For a Single Reason, I Bought Bitcoins For Many Reasons But Some Of Them Are Below:- 1) I Buy Bitcoins For Doing Bitcoin And Altcoin Trading And Also Sometimes I do Gambling With It.... 2) I Also Buy Bitcoins For Investing Them Into Revenue share Or Some Hybrid Websites Which Gave Me Higher Profits..... Actually you cannot tell that your method will also work for others, we do buy bitcoins for different reasons but one of them is because we wanted to earn and make profit in the future, so if you will just bitcoin to hold it for longer period, I think that is still valid reason to earn. No, you can buy Bitcoin from your own preference, its not always about buying bitcoin from multiple purposes. It can be for growth(investing), online gambling, online shopping and etc. Mostly people use Bitcoin for gambling or buying stuff online. But yes why will you buy Bitcoin if you have real money that can do more than bitcoin. |
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These are the ways to earn some interest or grow bitcoins
- Invest the in gambling sites
- Buy new coins in IcO and sell at high price
- Do some trading with alt coins
- Stock the BTC and sell at high price, buy at low and repeat.
but each method has its own risks.
Trading is always the best option since every action that you take is carried out by yourself. With all the other options you mentioned, an other party is responsible for what's happening with your coins. This is something I at all times will avoid. I think trading will be the best choice when you have mastered the skills and knowledge and trading techniques, I think trading is not the right choice if you do not have any skills in trade, which will certainly earn you just defeat and loss Without skills, people should stay far away from trading. But the reality shows that this isn't the case. People try their luck with altcoins and Bitcoin trading, but this type of trading isn't any different from gambling with your money. These people however don't realize that, or they simply don't care. You don't have to look far back to see where people just decided to gamble on the market with whatever amount of money they had, just look at China for example. A ton of people would throw their money into the market as an effective form of gambling, and that just resulted in a ton of people losing their money once the market collapsed. It is pretty obvious that some people just throw their money at a stock and hope they get money off of that, and as you say, the same does go for Bitcoin and its altcoins. Skills are (or should be) required to make a decent amount of money through trading, and anyone who does not possess them is doing nothing more than gambling. Well those are too general bro. Everyone knows how to buy low and sell high or even buy high sell higher. Its a common technique, but yes it is easier said than done, in fact most of us will lose money just to try to earn. Also bro investing in gambling sites must be the dumbest way to answer in this thread. He mentioned a SAFE way not a fast and risky way like gambling. |
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Dont Gamble , just invest in any passive income sources
There are some people that are making gambling as their source of living and most of them are investing into casino's. So for me if they are able to do both gambling and investing, then that is going to be a good choice for most of them. And that is going to make their activity profitable and at the same time they are enjoying their hobby. Investing Bitcoin directly would be the dumbest suggestion you can give, Any sites that would offer passive income are fakes and what it does is pool the new money from new members to pay you. For me it is counted as stealing as you get the money from new members that won't even earn a thing in fact they might lose what they deposited. The best way to invest Bitcoin is converting it to Fiat money then investing that money somewhere else like stocks and mutual fund which can give more interest rate than any banks right now. |
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why not? if you can get earn a lot of bitcoin
If I can get bitcoin 0.2 or 0.3 everyweek, I can do that to go full time on bitcoin and make a living with bitcoin.
0.2btc not a large amount of income for a week because one days you will get into trouble if leaving a job to work full time in bitcoin. Yeah .2 btc every week is not enough because in full time job you can collect a constant salary every month but in case of bitcoin, it's price fluctuate and sometime price decrease and sometime increase so you will have to face these problems if you quit your full day job for bitcoin. So don't try to do this do this as a part time and get profit from bitcoin. 0.2/week of it enough for the necessities of life in my country. in fact, it could exceed the salary of the job is real. means 0.8/month really worth to life in my country. But if you live in Europe, with the cost of living is expensive, of course it will not be enough. It won't be enough in first world country but it can be more then enough in third world countries where the cost of living is not too high and he can manage to live comfortable life with that amount. Realistically earning .5 Bitcoin a week could be ideal. Since 2 Bitcoins a month can make me spend for my daily needs and have a little savings from it, But it would be wonderful if I can earn .5 Btc a week without quitting my job. As it can make me rich even saving it for a year I could build a business from ground up. |
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Whatever you say playing with a foot or even any part of the body that is not fully recovered will make your career end. Looks at how D. Rose, he keeps re-injuring his foot now his career is affected with it. Ben Simmons sitting out this season might be the best for him because it will be better for his career
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Of course bitcoin could disappear everything which is here can disappear at once potentially. But it would be a very slow process for bitcoin to disappear since there's so much money in it that it can't go away at once.
I don't think that Bitcoin will disappear but will degrade in value. If Bitcoin will Disappear tha creators of it will be hunted down as it worth billions of dollars also many governmemts have identified bitcoin so making it dissapear means that the government will be on your way. |
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the best use your money in investment
with investment your money this grow
not reduce value your money about inflation
For me that best thing you are going to do if by doing both of it. Because if you learn how to manage your savings properly then you are going to be ready with investments. And as you get profit with your investments what you need to do is keep on investing and save it every time you are going to get a good profit. You can always do both but you cannot do at the same when you are just starting up, when you start you should focus first on savings as that is the only way to make also invest in the right time, opportunities are everywhere but you cannot grab it if you do not have enough money to do it. Money is not relevant when talking about opportunities, why? Because as of today banks are offering loans for businesses which also have low interests. Yes I know why risk to be in debt when you can spend your own money. Because having a loan can save the time you are saving and if planned correctly your business will not fail. |
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I dont think so that bitcoin be replaces the money. I dont
think that this could happen. As other people will not get
easily jives the process of bitcoin. As other people will not
easily understand whats in bitcoin.
Of course you wo't suddenly change fiat to bitcoin if not all people are aware of it. For example we have 3 months to prepare for our government before changing our money printed. Its for people to know that we have a new money and it is legal and acceptable everywhere. Also understanding bitcoin will come on the process when time is use in it. |
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Ben Simmons' fractured right foot will make him sit out for at least 3 months. But there are rumors that he might not play this upcoming season for his recovery purposes, I don't know if this is a tanking scheme again by Philly or it is for Ben Simmons' secured recovery. Now who will win rookie of the year? I say Kris Dunn has to be tha favorite after Ben.
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I wont accept my salary as bitcoin just because you can lose part of your salary very quick.
Ofcourse you can also earn every month extra because of bitcoin but its a risk you have to take.
Not only bitcoin but every currency has fluctuations we cannot call these fluctuations as volatility, it will be just nonsense, and we know that if the demand of a currency increases then the price of it increases not decreases so in that case every company will like to buy bitcoin in order to pay and the price will rise higher. I think the fluctuation is not a problem anymore to receive a salary with bitcoin when bitcoin is already accepted in many places, yeah people are willing to accept fiat as their salaries because fiat received in all places, despite the fact that fiat also fluctuate (sometimes in several currencies in the world )? For me that is still going to be a big deal because we all know that the fluctuations are still going to be a problem if you are going to receive it as salary. But sometimes it is going to depend on how you are really going to take the risk if you wanted to take your salary as bitcoin, so that you don't have to convert your fiat money anymore if you are into trading. You just can't take risk on your salary, your salary is your main source of income what will you do if the bitcoin's value suddenly drop, will you buy the daily food that you need and other kinds of expenses? Having a salary that is stable makes your plans for your budgeting and expenses a lot easy. But with bitcoin's volatility it will be hard on your part. |
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Bitcoin is still very new an is not backed by any government. Until it is well established, it can have large fluctuations from news stories or public opinion more so that fiat.
News/Rumours has really a little effect on price. What really moves the price of bitcoin is demand. On How the Buyers and Sellers react to it. For example there are more sellers in the market than buyers than the price if bitcoin will go down. And Vice versa if the buyers dominate price market. It is just that there are many sellers today than buyers that is why its on a low price. |
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I will open a business with that 10 bitcoins. 10 bitcoins are really big amount in my country, with 10 bitcoins i hope i can make it growth by do a business, maybe about bitcoin related.
yes for some countries 10 BTC is enough for to open a business I am also able to start a business with 10 BTC in my country and can fulfill all the requirements for that business without any problem. It is easier said than done. Having the capital of 10 Btc you should be wise before owning/running a business, it is easy to lose all your capital in one wrong move. Create a business plan before trying to open a busines all you must research everything in order to know if the business is profitable. |
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People who know about the bitcoin and who are earning it will surely use bitcoins as they are aware about it features and benefits attached with it, but people who are not aware about bitcoin will never prefer to use it.
I am pretty sure that people who are not aware of Bitcoin ,will certainly not use bitcoin, But what you said about people who are aware of bitcoin are using it is not true, because I have friend who know bitcoin but do not use it. Obviously what bitcoin only needs is time for it to make people aware that there is an online currency. |
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I would never accept Bitcoin as an salary because for me it just would not be really handy, in my country Bitcoin is not used much and most people do not even know what it is.
That is a problem and the reason why I would not accept it as an salary.
You can always convert it to Fiat if that is what you are worried about. I don't know what your country is but it is impossible that you are the only one using it, maybe there is a local exchange there who accepts bitcoin or a person who will exchange cash for Bitcoin. Well it is your own preference anyways, for the unstable price right now of Bitcoin you are right not taking Bitcoin as a salary |
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If I was in desperate need for money I wouldn't try to get money in Bitcoin, because it is problematic in my country to exchange them for local currency. I would do a one-day job. For example, it is possible to translate an episode of some TV series and get money (not much though) rightaway.
I don't think online jobs for Bitcoin will solve your money problems much more if you are desperate for it. Also a movie translation will is a hassle thing to do and they will pay you an amount not equivalent on how you work for it. Yes earning Bitcoin online is ideal for extra income but it is not a main solution for big money problems. |
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