Hodl,If you trust the crypto you bought, then you trust it will have more success, you trust it'll grow even more. The hold it until it make you rich (or you believe it reached the maximum success it could).
Yeah the best thing to do when find that the prices falling is buy lot of them of it because this is opportunity to acquire lot of BTC and hold it until such time that the amount will almost double, or just hold just like a treasure, because for sure you will just find how rich you are when the time come that BTC price will soar high in the future. |
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It's imposible i think. Bitcoin can not make Banks dissappear, people around the world using bank. There is many people support bank as secure storage of his money. Many people do not really know about Bitcoin.
Banks want to disappear means before that first all fiat currency should be ban then only banks will not get any work, and it disappears until that banks will work as usual. But bitcoin legalisation decision from our governments will reduce banks revenue that's it. for this reason may be some private banks may close but this will not affect on any government under banks. It is too early to conclude that bank may disappear because the government must have a banking system like central bank that control monetary system of the country with out bank we will go back to a barter system of business. I believe that may be private own banks will be affected here because may not deposit bigger amount of money any more instead they will only save with them BTC in electronic wallet. |
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It depends. If the price looks high, I will sell it right away. However if the price gets lows, I will save and wait until the price gets high.
Same here too. Depending upon the situation when I get it I will analysis and check if the price is high then will sell it and can later purchase at lower price or will hold for some time of price can still rise ahead . Also will convert some portion to another altcoin and will save it for future. If I can receive 1BTC from a friend I keep it as a treasure, I trade or invest it so that somehow in the near future it will earn more so that my friend will appreciate what I'm doing. and I will share part of it to another friend so that some day he will also earn profit out of a single BTC. |
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I havent lost my job, but i can say without any problem the signature income i get with the trading is sometimes bigger then my actual salarie, if i get unemployed i had found already a way to survive, trading and signature does allow me to survive if such thing happen. For some people bitcoin has becamed their main and only source of income, and believe me they are earning huge loads of money over crypto, soo sure anybody can give a try the sucess or not will always depend of you and the product and service you providing.
Yes you can survive for now but in a long term aspect I don't think that relying only on Bitcoin earnings is a good idea because Bitcoin is a volatile currency where the prices change too often. You cannot rely on Bitcoin on having the same buying power on a long period you are only putting yourself in a bad position if you do so. Also don't rely on something that has no assurance like Trading, because there is no guarantee that you will earn something fixed on a period. working with bitcoin is considered already a job once earn from it you have done something to make your self profitable, what ever you've done that generate profit for me is considered a job. and BTC is reducing the number of people who are considered jobless. |
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I have a strong belief that Bitcoin will survive for a long time. because Bitcoin is getting accepted as a popular transaction and payment tool. Bitcoin has a low fee service which makes it popular in recent time. besides that reason, there are a lot of options that will be helpful to become a last longer platform.
Yeah Bitcoin is already a survivor since its fall in early 2000 when it was used by some drug syndicate, and even put the value to Zero but since then it bounces back and become stronger and no other currency able surpass its popularity, but of course it just shouldn't stop innovating creating new platform in order to be on top. |
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Of course we all do. I want to check what is the current price and see if its going up or going down. You want to see if you're investing is doing good or not. And when its down, I look for the reasons why. Is there a negative news around? And I also buy when the price is down as well. So its really important for most of us to really check and be updated on the current price. I usually goes to preev.com or epsilon.one.
Yeah checking the price of BTC is very essential because you will able to monitor what going on in the market, by always checking maybe you can find opportunity when to buy, sell and hold your BTC. and maybe also useful also to read and participate forum so that you can learn more how to trade and be updated whats happening in Crypto currency world. |
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I do not see a stable price increase. Bitcoin is constantly in the same price range 4100 - 4450 dollars. This has already been going on for several weeks. I already want a sharp increase!
It's pointless to demand the price to increase while there is absolutely no reason to do so. The market is calmly waiting for what the early effect of the November hard fork will be. Instead of complaining about the market that isn't moving, be happy that we're nicely maintaining the $4000 mark for a while now ~ just a guess, have you just bought your coins, and thus are desperate to see the price go up? If you're long term minded, you should just relax and let the market do whatever it will do. If you're out to book some quick profits, you'll be depending on pure luck since there isn't any indication of an increasing price. I have no worries regarding increasing and decreasing of bitcoin in the market, all I can do is to collect and hold it, because I just to sell it on the last dayof the year. I do it because I know that their value are continues increasing, I believe that if I can do it there's a possibility to sell it in higher price in the future. Yeah ups and down of Price of BTC is part and normal behavior trending in market place, because it just follow simple law supply and demand if a wise and conservative trader you know how to buy and sell Your BTC to earn more profit. just relax but be more vigilant and learn more. |
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We can't tell if how long bitcoin will survive but the one thing that is sure for this is, it will be a long time. Bitcoin is on a healthy condition and even there is a fork that is going to be in october (this month) the price seems that is getting up and higher and that is why bitcoin is getting stronger and healthier and that will make the life span of bitcoin longer.
Bitcoin has already been for several years there are many challenges this currency surpassed, for now this is very much healthy, i think as long as there is internet this currency will stay. and will earn more trust among the users who patronized it because this part of their life. |
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Most of us have a daily responsibilities.
How do you manage your time in trading and in bounty campaign as well as researching for the news and updates of your favorite altcoin?
I have a schedule for each activity to manage it well. In trading, it needs an hour to scan the charts and only need a minute to execute and after that I will just exit the market because I already have a conditional order in place in case the trade doesn't go my way and I just view the charts from time to time. After that I would proceed to do the campaign which may take up to an hour or two depending on how fast I can process the information to write the posts. Since I joined some social media campaigns of some ICOs, I would summarize it in an excel of what are the things that should be done for the day like reporting your posts or sharing it in social media sites. I admire that you are a hardworking man you do a certain task every hour and i do think that you are a a fulltime bitcoiners or in the internet making money and you time management is well divided by the hours of what you should be do for that particular hour. I have a problem not only in time beacause i do have many works and i dont have a time management Yeah it is very important to manage your time especially when you have a regular job, family to care and while working BTC. When you manage your time it very useful to plot your daily activities into a Gantt chart or just simple checklist were you can check from time to time to determine your activities if you are in the right track on that way you cannot missed single activity not being perform. |
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Banks and other financial institutions consider bitcoin as a threat to their economy since the appearance of a transparent blockchain only makes their corrupted nature more visible. That is why they also cannot accept blockchain technology in their work as well. So they will pay people or themselves work to tear down the image of bitcoin and use scare tactics to make people sell bitcoin and get out of the market. This has been happening for a long time and then people are nowadays becoming more tolerant towards such propaganda. People assume these things to happen and only buy more bitcoin during dips and this is good for the economy.
Yeah because BTC starting divulge their shitty business were they are just using depositors money to earn much more money, I f some law makers say that BTC is just A money laundering, then what they can say about loan shark banks that sprouting all over the globe are they not money launderer? |
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I've heared that in some countries people have to pay the income tax after buying fiat for their bitcoins. Anyone faced such problem? If yes then how you deal with it in your country?
At one point of view bitcoin is an instrument for investment so ppl buy it willing to get income in their currency.
At the other point it is a currency and it might be used with a purpose of saving. In this case the tax would be stupid.
I see nothing wrong with taxex as long as the government will use our money for the welfare and common good of our people not to corrupt it. We should counter the other claim of China that they ban the bitcoin because the government cant imposed tax due to crpto currencies is volatile. I really appreciate your idea mate being a good citizen our obligation to pay proper taxes as what is mandated by law but, since BTC is a crypto currency and being decentralized I don’t know how to imposed taxes type of currency how accounting play their role to imposed taxes, because transaction Of BTC Is peer to peer meaning computer to computer, as a holder Of BTC you are just having ledger that would determine how BTC you have and its anonymous. |
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Well before the main advantage of bitcoin was its lesser fees than credit card or paypal. However we could not use that one anymore right now because of the ridiculous fees. On the other hand its anonymous feature is still really good for not so legal transactions
Its very advantageous to pay BTC to avoid some extra fees of some paypal that will charge even unreasonable amount but you don't have any choice because it is needed but because Of BTC I can directly sent BTC to their wallet wit out using money transfer paypal. |
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is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.
Long long time to see these things coming in application. Government intervention and high network fees are some more obstructions is success. We can say it the virtual world currency but its difficult to say that it would become a real world currency accepted unanimously. As in the statement above bitcoin being a world currency won't happen in the short. This happens with Time and as a part now the usage of bitcoin as a currency keep on increasing. At present it's purely an world currency, because of the varied features from the traditional fiat. Talking about world currency US dollars is most recognized, for instant in a third world country, if your central bank doesn’t have enough gold reserve at least you have a US dollars reserve to run the economy of that certain nation when you don’t have enough reserve you suffer deflation the value of your money very low that’ s how powerful US dollars is. Now talking about BTC as World currency Once US economy will suffer lost and dollar become weak there is a big possibilities that Bitcoin will Repalce USD. |
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I think, I'm going to give it as a wedding gift.
On one condition, the couples know how to use it or willing to learn about bitcoin.
Actually, this is also a good way for spreading news about bitcoin.
Offering gifts on special occasions is really a great way to express your feelings towards certain person. Are you really appreciate above mentioned idea, but still I want to add some additional features as simply introduce Bitcoin Concept to person to whom you are offering bitcoin. And while offering Bitcoins offer them with private keys. With private keys, user can access that particular private keys and funds associated with that particular address which is open source and any one can see balance. But the condition will be Just to get information about Bitcoin and its environment so that user can get introduced to new economy. BTC for wedding gift is quit unique, that’s a best idea because you give excitement to the newly wed By doing so you open the mind of the new couple how Bitcoin works, same as you give the a new Business opportunity in feature endeavors. |
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Here in the Philippines, we do not really have Bitcoin atm. The account or address we have for Bitcoin is coins.ph which is already being used as a Bitcoin atm. It is very user friendly and provides different services as well.
And I really think we do not need Bitcoin ATM anymore because the address provider, coins.ph, already provides us the option to cash out or money through our bank ATM. That is actually a more convenient way as you do not need to cash out the money from Bitcoin and deposit it to bank savings account. So it is alreadu like just a fund transfee frlm Bitcoin to cash and directly to savings account
It’s more convenient for BTC user to have an ATM card or just using your cellphone you can transact business already, that a very welcome and brilliant idea, you don’t need to have cash, your ATM card serve as wallet where BTC will be sent. |
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Anyone bought drugs with bitcoin and what are you thought on the subject ?
i know i have used bitcoin to buy psilocybe cubensis thank you bitcoin i cold have not done this without you now i can trip watching corry & eastenders in the evening its such a sight.
I'm afraid that this thing is possible since users are allowed to use Bitcoin as they like because Bitcoin is decentralized. This is also one of the possible issues with digital currencies and if there'll be cases regarding with illegal activities such as this, the reputation of Bitcoin might be negatively affected as well as the demand that it is getting if countries will ban Bitcoin and kther cryptos. We, users, should be responsible as a way of support to Bitcoin and other cryptocurrency. BTC is prone to be used in buying illegal drugs because decentralized system because they will always find ways how to proliferate their illegal activities not only BTC is prone of that illegal activities but all the currency either Fiat or crypto currency and on line market system are vulnerable with these illegal activities. so from now we should think any precautionary measures to avoid this activities to happen. |
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ne many altcoins will survive in 2018 since almost everyday new ICO pops out and with recycled Idea just to raise funds and rob other people. But there are good project to many shitty ICO right now.
Thats good observation many altcoins will just sprout next year but you should be keen observance in investing on thus coins, but there good reputation that has been for many years in this crypto currency world. just be selective try to do some research before trusting. |
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When you speak of steady income you mean by being a conservative investor. It is the opposite of the aggresive investor who prefers high risk but may receive high return on investment.
Now being a conservative investor requires patience. Because you will be investing for a long run. Possible investments for this kind of investor is residential real estate and rent it out. Another is stocks and choosing companies that are already known and stable.
Talking about steady income maybe you mean consistent income or may be safe investment. Regular job for me is considered consistent income especially when you are working in the government or some prestigious company, you invest your time and knowledge and talent in return of good salary, but maybe a wise idea to have a saving plan and wiser to have an investment plan like investing some crypto currency which not any logistic you only need PC and internet connections. |
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Okay, I am just making that headline short and sweet. What I mean is: What is one big dream that you want to realized out of your Bitcoin income? No matter how small or big it is, please share it with us here.
As for me, I have a big dream of having my own 10-hectare farm somewhere here in my locality and I want to stuff that area with all the fruits I can find here and with my main products which are cacao and coffee.
I guess I have this special connection with the soil and the land that is giving us the food and sustenance daily. And who knows maybe years from now I can be able to issue tokens out of that farm...something like AgriTokens or AgriCoins.
Please share your dreams!
My bitcoin dream is to gain or collect more bitcoins. I really want to accumulate a lot of bitcoin of at least 2 bitcoins, it can be enough for me. It would be really great to have a high price bitcoin and with that I can already go abroad and travel with my family. I also want to help my relatives and to continue making profits of bitcoin and investments. My dream in Bitcoin is to save a lot of it and hopefully in the near future I can sell it in higher price and the profit I earn from it use it for the future of my family, education of my kids and buy some properties. and I want also to travel some places together with my family. |
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I think paper money have its own importance and will never dead. Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment for day to day transactions.
Paper money is banknote that guarantee payment and through the century we are used to use it as payment of goods and services but as digital technology introduced we begun to abolished it by the used of credit cards specially in some richer county they just using ledger to count you asset, but still we are using paper money because we are used to it. The problem of paper money is it can be easily be faked. |
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