I don't think mining is the most profitable way to make bitcoin unless you use electricity for free and already have high productive equipment...
Everything is worth it if you earned it the hard way. Scamming other people to get btc will be a bad reputation for you. You can do some campaigns here in the forum which offers bitcoin as payment like signature, translations and others. Also try to ask someone for an online job/work that can pay you in btc. I think the easiest way through which we can generate bitcoin is bit mining machine no doubt we have to invest in buying the machines for mining the bitcoin. But for this process in the beginning we must have to be humble because it take some time to generate the bitcoin but after some time bit mining machine will start working properly. These machines are really easy to operate and really friendly to use anywhere you can keep them even at home or at office. |
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But practically speaking, a good number of BTC users would prefer to wait and pay for a cheaper fee or wait for the unconfirmed transactions to go down. Right. But lets say, hypothetically, the price of BTC starts to crash. And so many people are cashing out that the fees to cash out .001 BTC - .01 BTC are more than the BTC is worth. Couldn't that become a problem with liquidity and cause addresses with small investments to lose it all? Keep in mind I am speaking in hypothetical terms of there being some type of crash or major sell off. I dont think thats possible. Transaction fees are measured in satoshis per byte. The smaller the transaction amount and therefore the size, the smaller the fees will be. The fees will still be too big but not over the amount of the transaction. In present time I can’t say anything about it but right now the fee of bitcoin is crazy high even on small transactions .It’s really pain full that when you pay 35$ fee on small transaction I am still confused about it that will try to make a proper check and balance on fee like on 100000$ dollars transaction fee and 100$ dollar transaction fee will be same??I think Next year its fee will be increased and I will be more expensive for us. |
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Have you tried going to places and get hungry but you have no cash available with only bitcoins in your smartphone. Here are the list of bitcoin accepting restaurants that will feed your stomach with delicious cooking in exchange for bitcoins. This is a sign that bitcoin is truly amazing that even restaurants and pizza stores have seen its value and started to include in its payment options. Check the list on this link: http://bitcoinrestaurants.net/sadly my country not accepted payment with bitcoin and some country do the same bitcoin have a high trend in the world, if supported by government, crypto currency can be change anything payment for restaurant, supermarket, online and market shop. I think it’s another good news about bitcoin. It will be positive impact on all over the restaurants. May be in future all the restaurant will start accepting the bitcoin crypto currency. I think it will be increased the value and worth of bitcoin. But sadly in few countries bitcoin is still ban so many people can’t avail this facility in their country. It’s really thing that is happening right and I think government should think about it and they should accept the importance of bitcoin. |
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I think you can do something easier. Exchange your bitcoin at localbitcoin, then you withdraw money and buy a car in your area. It's easier and save time, I think you'll think of something like this. Never complicate when we can make things easier. Keep enjoy use bitcoin.
This is more reliable comment and consistently good idea than keeping a thread to ask where to buy car with bitcoin. Easier because you have the real money in your own currency as well. Buying a car online is a lot of risky factor, just be careful because there is a lot of scammer in that huge amount of bitcoin. Hope you accept my comment. Good luck Actually I read about bitcoin a lot I don’t think so that there is any offer from any car dealer to buy a car in bit coin. But I know it very well that you can buy property in Up and pay them in bitcoin. In Up there are lot of companies which are dealing in bitcoin in real estate sector. I have no idea you live in USA or up. I think you should check on internet or any expert who have complete knowledge about it. I think it will be better for you and it will save you time. |
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Yes there is a possibility for this millionaires to invest in cryptomarket some of them are indeed hesitate at first but still more and more are getting involve in this investment instrument
billionaires are spending on bitcoin, and in my opinion there were a lot of millionaires who have become billionaires after their investments in bitcoin. And why would they hesitate to invest in bitcoin when bitcoin has shown such a high raise in its valuation. To invest on anything, we have to go through it’s past behavior. Till now the behavior of bitcoin has really shown that its worth spending for. |
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In specific countries like Venezuela and Zimbabwe, Bitcoin is working as a savior for the many as their respective economies and political systems have been rocked by turmoil and uncertainties. This has become of the inspiring roles Bitcoin has been playing for some number of people and I think as time goes on this role can be magnified in other parts of the world as well. Now, what is this telling us. One thing for sure: During economic and political distress Bitcoin can be the best tool for people to survive economically as well as to protect their remaining assets from being swallowed by the government-sponsored economic meltdown. Bitcoin can indeed be a savior! yes it is giving a chance to become a rich person and also bitcoin gives some chance to have a wonderful life and successful future so bitcoin is my best savior Yes, Bitcoin can be a savior, because if we study the journey of bitcoin and from its start, we can say it with more confidence that bitcoin is a saviour. Also in all the first world countries, maximum number of outlets, shops and even small parlours have started accepting the bitcoin as a payment. Because the business owners know that value of bitcoin is getting more and more worthy after every day passing. |
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When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?
It is the possibility that people will start to use Monero for their different activities of life and for other business uses but it is not sure that people will leave bitcoin as bitcoin has its value and people like it and people like to use it for their businesses. I am sure that if people started to use Monero then they will like to use both of them the same or may be they do not use Monero more than bitcoin as the supporters of bitcoin are much more than any other coin. |
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depend on how much money you can put to risk,price of bitcoin keeps on changing right now it may be rising but in 2 days it might be decreasing,so buy that much which you can afford and you will be able to manage even if you bear any losses.
It is not the risk man because if you will look at the present price and the values of the bitcoin you will see how much it has increased so this is the best decision to invest in the bitcoin because now all the people are buying the bitcoin and with the passage of the time the bitcoin is increasing and the value of the bitcoin is now growing more and more I hope the future is bright for sure and this will make the bitcoin as the best currency. |
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Saving money in the bank keep your money well protected but without any interest but investing online most specially in bitcoin or invest in real estate will double what you put into the investment within a time range. It is always good to invest to allow for profit making and expansion of your properties. All you need to do is Just study the market and do you analysis very well before venture into into the investment.
For this you are right because it is very important to invest and to increase the value and the power of the bitcoin as I know the bitcoin is now increasing more and more so I hope as the time coming the bitcoin will grow more and at this time you will feel the proud for your decision and you will see how fast the bitcoin grow and how fast the income of the bitcoin will increase I hope the bitcoin will be the best in all the case. |
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The world needs virtual currencies to expand even more the economic horizon. In line with this is the opportunity to earn profit through investment using this other means or medium of exchange bitcoin or other tokens available in cryptocurrency ecosystem.
You should use the bitcoin and this will have the future, this is getting more wide day by day, you are right it will expand more and in the past the bitcoin was not very high but as now if we look at the time and the value of the bitcoin will see how fast it has increase the income and value of the bitcoin will be more than this till the end of the 2017, I hope the bitcoin will be the best currency in the future. |
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I think what makes investor stands out from the rest is their mindset. The way they think differs from others. From simple buying of things, they can differentiate wants from needs and dont buy things they dont really need. When they buy stocks or coins, they have a plan before entering any trade. They minimize losses by having a long term plan and just invest on what they believe that will return the best profit on their capital. Their mindset is dont work for money. let your money works for you. Just like what the book ” Rich Dad, Poor Dad” by Robert Kiyosaki “You’re only poor if you give up. The most important thing is that you did something. Most people only talk and dream of getting rich. You’ve done something.”
The time is very good for the crypto currency as it is the best time in the bitcoin world to increase and to save the future with the bitcoin I hope in the future all the people will use the bitcoin and they will see how fast eh bitcoin increased and how fast it has increased so the value of the bitcoin is increasing more and more so I hope this will be best for the bitcoin and you will see how much this is growing more and more. |
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I don't understand why it's being unfair to early investors as they have all the opportunities to buy in cheap price. Yes they didn't knew that bitcoin will reach this far as so the one who HODL until now are the one who's lucky and profiting.
I think the most important here, early investors or just new here that we're all in right track.
This is being unfair because the people want to earn the huge profit while they are not investing the high capital, I hope in the coming days the bitcoin will set something different for the better future of the bitcoin I hope this is the reason why all the currency is now increasing and this will be the great capital to invest and it will not lose the money so buy more bitcoin and to hold for the long time and the profit will be high. |
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Indeed its is a good news for us. But, knowing that only a few filipino are using bitcoin wallets to pay for transactions is way far from what is expected for philippines to be a cashless society. The government must conduct more seminars and orientations to educate lot of people for the use of cashless transactions.
Hopefully it won't be a conflict of the government interest towards crypto. This is just a start and welcoming crypto currencies in our country. Although isn't declared legal by the government but still an indication of coming that way. Yes it is a good indication that our country are ready for accepting Bitcoin in order to have a fast transaction and also they seeks a good opportunity on which it can enable everyone to earn a good profit while holding it. Yeah a lot of the other countries are now accepting the bitcoin and this is the reason why the value and the price of the bitcoin is now increasing with the time, I hope this will be the best for the future of the bitcoin as I can see how fast the bitcoin is growing and how much all the people are making bitcoin best price so buy the bitcoin and secure a lot of the money for the better future as much as the time passing all people are getting in the bitcoin. |
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I think I will answer that Bitcoin is a kind of money which investor can invest in it and earn the profit. Besides, It can be used for transaction payment without the third party.
Yes and in addition to it the bitcoin is the best ever investment because a lot of the people are earning from the bitcoin and in the future they will get the huge profit and this will make all the people get in the bitcoin and the value and the price of the bitcoin has increased a lot so it has he a lot of the opportunities for the people to buy the bitcoin so for me the bitcoin is the best change and the turning point of my life. |
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Which of the Bitcoin wallets between the Online and Offline works best?
If you just want to hold your bitcoin to a long term then it would be best to store it in some offline wallets, But if you would withdraw some in time to time then you I think the online wallet would be best for you. Yes offline is the best wallet but for me the both are best because now it is very importance to have the offline information about your bitcoin, if you are not active even then you can see the bitcoin information from your wallet and this will increase the price of the bitcoin as well. It is the best time for the bitcoin to grow. If you will invest in the online wallet this will also be the best for the bitcoin indeed. |
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Already did 15 000. Now looking for 20000 by the end of the years. It seems 's like bitcoin never go back below 10 000...But never say never.
It is not hard to get even 20000 in the end of this year as everyone know that in the end of december the price of bitcoin increase up as in the previous year occurred and in this time it is laready at the price value of 15000 so when the end of december will come then we will see the price of bitcoin at more than 20000 dollars. |
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I prefer bittrex than any other exchanges,it is very simple and easy to use for the newbies.
In the past I was using yobit and poloniex but after that one of my friend suggest me to join bittrex and told me that in that exchange there are many traders so the trade at there is efficient. Now I am there and that exchange is really a very nice exchange and it has a very good volume of trade. I will also suggest you for that exchange. |
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I can see lot of replies with positive forecast, But most of them are based on growth in 2017. If you look in to the facts that are favorable for BTC market are positive in past 12 months. But who can expect what will happen tomorrow. coz to be more realistic, BTC market growth is depend on thousands of fact. specially political environment. With recent news some time we may expect bit different political environment which can adversely impact. Just my opinion
the positive response of people on this post show the people are seriously committed to the bitcoin and they are eager to see more rise in prices and they want more years like 2017 as the prices has increment of more than 100% in this year and if more coming year will be like this year than the price will go above the thinking of many people all this shows that people are adopting bitcoin and are waiting to earn. |
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It is maybe a Psychology. When investors can earn profit from Bitcoin easily, many people will buy with any price. This leads to going up of Bitcoin
You are right that there are so many factors that become Bitcoin so expensive. The factors are demand of Bitcoin is increasing and popularity graph is too high. People are looks too much busy on trading on Bitcoin. These factors are affected Bitcoin very positively and makes Bitcoin the king of crypto currency. Many countries are legalized Bitcoin and use Bitcoin as payment. Many sites are accepted Bitcoin for payment method. Everyone is in a hurry to become the part of Bitcoin and make their life style in the better manner. |
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In the news today - UBS has said that banks will never touch Bitcoin because of the money laundering implications. It makes sense actually. Unless regulators change their current position, Bitcoin is a strict no-no.
I am at the same opinion like you that banking and Bitcoin are very different. Banking has control in the banks but in Bitcoin no third person involve in any transaction. Banks has applied taxes and fees on other hand Bitcoin is free and no taxes apply on it. That is the reason many investors are joining Bitcoin and use it for payment method. As I am thinking Bitcoin should replace banks in future and rules over the world by the good polices. |
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