If you spend your coins now then you are definitely playing with your profits as price will go higher at the time of halving so its better not to spend now.
There is a work around to that. Spend your bitcoins and buy back some bitcoins from exchanges. That way, you don't lose out on any potential profits. Yes that is correct. That is what I am doing now. Playing with the price. Need a lot of patience doing it and sometimes you get the wrong choice mine is a little profit and a little loss sometimes. |
|
|
|
THe people that expect to sell o the halving will be sad to find that the correction lasts very little, just like all the people that got fucked in the last hours when we corrected at 625, and now we are back to 725 and already hit 730..
Lol that's true people who have still kept their coins on hold would be really happy to see current price, so I think it would be really good if we can hold it till the halving. hi, what is the term halving means? sorry just a noob question. It is halving the reward for finding a valid block. I think that is what it is. But I dont want to go deeper yet, I dont want to get everything mixed up with what I am doing.  But that is it. |
|
|
|
If you already had 800 BTC, I suggest you stay out of this loaning thing cause you can lose it. I suggest that you do some trading, get 1 BTC out of it, buy altcoins, then sell when it gets high just do some research first before buying.
And yeah, if you already had 800 btc you don't have to lend it to the people because it is very risky even you have a lot of it, 1 btc is only nothing for you. But if you are that conscious with your money. Better to hold it, just like the bitcoin millionaires do, they are just holding it and not getting into loaning service. Well up to a person if it's still going to make a loan. There are loans that can be sorted out to different people if you like to do so e.g "I know you for a long time" , "I know you can pay" or something like that. If that's is the case then a person can give outs loan. I would prefer to loan that way also. Like friends here who have been there for you. No risk in giving them loan and so what if they run I also benefit from their help and more. Well that's a better way of lending your money to your friends. As long as you know the people that borrows your money then you have assurance on how you are going to collect the money they borrowed. Assurance. Yes that is what we are looking for everything we let other people borrow something from us. Assurance that it will be back to us in this case there is a percentage for profit. I would still pick whom I will lend my money to. |
|
|
|
They should use it because its anonymous and very secure, another thing is that its untraceable and that is also nice if you are buying something that is not 100% legit in my eyes.
Why would people want something that is untraceable? Is it because of the illegal act that we are going to do? Bitcoin can give that. But what about the legal way. I think they should use it because it is a good investment and the low transaction fee. |
|
|
|
It is almost weekend again and last weekend gave me a surprise with the price surge that broke the $700 level. I wonder what this weekend's price action will be. Are we going for $750 or is going to rest and stabilize at $720? I have not been able to buy the last couple of weeks when I should have bought at $600.
We dont know what could happen. But for now it is getting slower and I think it is getting its level price for now. That is still a good increase I mean a huge increase for just a week. |
|
|
|
i think that only people themselves might be stopping from using the bitcoins because they are afraid of it
Why they are afraid of using bitcoin? Maybe they are afraid that other people won't believe them if they are going to use bitcoin, since it is a digital currency and no one will believe them that it is also a true money by means of online money. They are afraid of being ignored also, I think. So it is like what people around you will tell if they knew you are in to this kind of investment. I dont care what they say as long as I profit from it and make my budget more stretched. Yeah I don't mind if what people will tell about it and on what reason they stops from using it. As long as I'm benefiting on the use of bitcoin. And if they can see that I benefit from it, then maybe that's somehow a good thing they can see it. And they will going to start using bitcoin. Somehow it could be a good sign. Seeing that we dont care what they say it could create a question in their minds on why are we continuing this. There is always a google for their quetions. |
|
|
|
better to hold for now, the price is increasing quite well, selling now it's stupid you would lose money, but no one know about the peak, so it will be hard to sell at the right price and purchase back more bitcoin
Yeah but sometimes it goes wrong. I trade bitcoin to US dollars and I got it all wrong all the time. I guess keeping it would be the best thing to do rather than move it always to dollar then back We cannot afford to take risk with our coins now as we are very near to halving, one wrong step can make your suffer from huge loss, so its better to hold till the halving. Is it really? I mean, looking at it right now, the price is slowly declining in value for the past 2 days. I know it's only been two days but the decline was rather fast. From roughly $740 down to $680. So is it really worth to hold it in by the halving? Yeah that is what I am telling. Many have profited from that fluctuation and I on the other hand just made the wrong move. But it is still a big movement down. I dont have that much patience in waiting for the damn halving I want to grow it and keep it moving. |
|
|
|
If the US Dollar crashes, the world economy will go to shit and there will be a lot of things that will either have to be fixed or replaced in the world for something like that to be recovered. The USD wouldn't just crash for no reason, and so whatever reason it is that does result in the USD crashing would have to be relatively catastrophic.
Yeah true. If it crashes then it would rise up again. They always want power so they wont let anyone just step on them. We on the other side will just have to go to their flow. People go to USA for dollars they know it is a strong currency. |
|
|
|
i think that only people themselves might be stopping from using the bitcoins because they are afraid of it
Why they are afraid of using bitcoin? Maybe they are afraid that other people won't believe them if they are going to use bitcoin, since it is a digital currency and no one will believe them that it is also a true money by means of online money. They are afraid of being ignored also, I think. So it is like what people around you will tell if they knew you are in to this kind of investment. I dont care what they say as long as I profit from it and make my budget more stretched. |
|
|
|
If you already had 800 BTC, I suggest you stay out of this loaning thing cause you can lose it. I suggest that you do some trading, get 1 BTC out of it, buy altcoins, then sell when it gets high just do some research first before buying.
And yeah, if you already had 800 btc you don't have to lend it to the people because it is very risky even you have a lot of it, 1 btc is only nothing for you. But if you are that conscious with your money. Better to hold it, just like the bitcoin millionaires do, they are just holding it and not getting into loaning service. Well up to a person if it's still going to make a loan. There are loans that can be sorted out to different people if you like to do so e.g "I know you for a long time" , "I know you can pay" or something like that. If that's is the case then a person can give outs loan. I would prefer to loan that way also. Like friends here who have been there for you. No risk in giving them loan and so what if they run I also benefit from their help and more. |
|
|
|
better to hold for now, the price is increasing quite well, selling now it's stupid you would lose money, but no one know about the peak, so it will be hard to sell at the right price and purchase back more bitcoin
Yeah but sometimes it goes wrong. I trade bitcoin to US dollars and I got it all wrong all the time. I guess keeping it would be the best thing to do rather than move it always to dollar then back |
|
|
|
I think that bitcoin is already a Global Currency because many use it worldwide. May it be in terms of recharging their airtime on their smartphones, trading into fiat, or buying many things.
No currently it is not a global currency, it has to pass a lot of phases to become a global currency and for becoming global currency it has to get the support of governments especially of major powers and banks etc, to be involved in world major businesses. Actually it can be accessed globally online. That is the difference. Actually I dont really know if I will treat it as a currency or a commodity. I think it is both just different in how you use it. |
|
|
|
... I wonder if anything is going on in China...  We may get a good clue by watching what happens when Shanghai stock trading opens at 9:00 PM (or so, US ET). Maybe something ugly is going on there forcing Chinese to get BTC for capital preservation/capital flight, etc. marketwatch.com has an easy way to monitor Asian stocks in near real time, see their tabs towards the upper left of their Home Page. So is it really the chinese people makes the price gone crazy mate? I know they have the largest population in the world so they could really increase the market which resulted to abrupt price increase. I think it is not about the large population it is their stocks of bitcoins in their hands. They can control it anytime with that amount and they are taking it up now. Dont know why. We can find out later after the price began to stabilize, right now we just have to enjoy the profit of short term investment. We are just all speculating here and hoping that everything goes well in the future. Hope that everything goes well for us. Most of us are for the price increase, just a few who are against it. Just like what happened in USA and almost all of the world affected with the housing bubble. |
|
|
|
Teaching someone about Bitcoin is a tedious task. But you can start with giving him info about Bitcoin, telling him the fundamentals, then showing him how to send or request Bitcoin. The rest, you can give him the link to bitcointalk.org. Let his knowledge about bitcoin grow by his own interest and research. You teach him better that way i think.
He just needs to be patient reading some instructions and start ups information here and the next thing you know is that person quoting every reply we are doing now. |
|
|
|
How is this even a debate? The anonymous of a crypto and decentralization offers many more incentives then PayPal. The only downside is that it is not widely accepted yet  Yeah, the real problem with bitcoin right now is that nobody in real life really accepts it while paypal is probably one of the most widely accepted payment processor across the world after visa and mastercard. But bitcoin should catch up in the long term. Paypal just came in first. That is the problem. So people are more used to this kind of transaction than anything else. Another reason is companies already absorbed Paypal and changing it would mean changing a lot in their transactions. |
|
|
|
When a thing goes up, there will be those who would try to bring it down. That is the case with bitcoin in my opinion. The last two years has been pretty good for the bitcoin price. With the upcoming halving, there will be more good things to look for and I am expecting the price to stabilize at $700 by end of 2016.
That is true. Once there is a popular one many will try to crash it down. Specially if it will hit some businesses that are connected to the government or they think that they are abiding by the law. So they want everything to be with law also. Which is dumb! |
|
|
|
if it was my opnionion i would say use gold instead of bitcoins because everything is to buy with gold and i dont think you can buy everything with coins these years maybe in future.
Buy gold and let it rot is that what you meant? Gold is a good reserve commodity and as years past by it increases more in price and value. There are a lot of people who want to have this and some killed for it. So it is still better when it comes to long term investment. |
|
|
|
It is nice to hold if you have a lot of bitcoins right now but I don't know until when do I have to hold.
I'm getting nervous about when it will suddenly go down.
Hahaha  Being nervous is normal. I think many of us are feeling that way including me of course. I dont know what will I do with my coins. There is this evil that is fighting me to sell it but I can see more potential in growth so better let it be and just use what I need. |
|
|
|
|
Spending it through wiring money to my relatives and I tell you guys this is much better than western union or paypal.
I find myself sending more than my previous money transfer because the fees used are too low.
|
|
|
|
Bitcoin increase transaction mobility that give transaction benefit more faster.
Bitcoin also can be complement as investment just like gold or diamond because bitcoin's value is high.
As we know bitcoin provide many benefit like transfer money with lowest fee compare we are using fiat.
Transferring money is the best thing bitcoin provided me. I dont feel the hassle of going to a queue anymore and waiting for my turn to send my money. I just provided my relative an account where they will withdrew what I send and VOILA! they have money in an instant. |
|
|
|
|
Show Posts
