I think 15% of the population here in my country uses Bitcoin it's not popular here and you can only count merchants does accept Bitcoin for buying some stuffs. I usually use my Bitcoin for loading my mobile phone and cash out it to fiat using it for my needs and wants.
I think BTC need some more time to be recognized as a Global currencies.., in this era people are using BTC for different stuff, now its good to use as recharge for mobile and fiat for emergency..., after a time this use of Bitcoin make the BTC a global currencies.. So we should increase our spending through BTC for us to be more benefited in future... It is not the best idea to be spending Bitcoins right now because the halving is going to come pretty soon now and I think that after the halving the price is going to change. I suggest that you hold on to your Bitcoin at the moment until the halving is over. Yes I think we should hold it for next couple of months to enjoy higher profits as it is expected that price will touch to $1k mark by the end of this year. |
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It is not a good idea anymore to be mining coins right now because the halving is going to happen soon and it becomes harder to earn coins.
Buying and selling when you can make a profit is the better strategy at the moment.
Yeah buying now and saving it for future is the best thing to do at a moment, and sell when price goes higher in future to secure some descent profits. |
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If the income from my bitcoin is much more than my day job and I know that it is a long time job or permanent job, then yes I will leave my day time job and will seek more jobs like that in bitcoin with which I will have increased income.
Currently, there are no jobs in my views that give you more in bitcoins than your day job, as most jobs in bitcoins are development and programming related. Not everyone has the potential to become a programmer, so I think it is better to stick with our job and take bitcoin as a secondary option. Absolutely you are right, because if any type of jobs are here so why not people want to do day job or night job with bitcoins, but i have a lot of search in bitcoins, so my final result is that, no one job is here except Signature campaigns. On the other hand we can do investment or trading with bitcoin but that are not job, these are all business where we invest our money and than we get profit. Yes and its not possible for everyone to invest money at initial stage, and investing money in trading can be risky as you may loose if your trade goes wrong. yes i think when the initial stage the better looking for experience and use free bitcoin to do anything. so that when you are really ready, you can start buying with your money for capital. if you do not want to lose at the beginning and end badly, because it would eliminate the spirit in the beginning to get to know bitcoin. I think entering into trading with a small amount can be handy as even if we loose it may not affect much but it can be a learning experience which can be helpful in future. |
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I would choose gold because it has already made its mark. It is stable and established. It's been here for centuries and it has a physical form. We may be in the information age now and we have high technology but still we can't deny the fact that gold is a precious metal and its value will increase eventually because of its usefulness.
Choosing gold is good for this days.. But we all are dealing BTC as a business and we all know that gold is also limited and BTC is also limited, and the price of Gold is high that we cant afford the Gold... So BTC is the best option, it will rise and come in compare to Gold it is good to have bitcoin than gold now as price will increase in the coming months. gold is having the same price for over years. I agree it is really better if you are going to focus on bitcoin rather than gold. And it is better to work bitcoin rather than gold. Gold is physical and it is really hard to sell it. But if with bitcoin you can just sell it to the exchange sites easily and there are now stores that do accept bitcoins for payment and as well as merchants. Yeah and while selling gold you need to follow lot of procedures and show them the proofs, while buying and selling is very simple in bitcoin, it enjoys full freedom. |
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Most of time when I get BTC I wait for price increase after then sell them for higher price. Thats all.
Even some times I invest my earned bitcoins for getting some good profit.
That's perfect if you are making some profits then you should not hesitate in selling your coins, and you have opportunity to buy it again when price will go lower in future. |
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If no one will spend their coins that it will not help bitcoin price goes higher in future which will lead bitcoin to be a weaker currency in future, if we want that bitcoin should grow then we need to spend it like other currencies.
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I'll move to America for living and start business and bodybuilding and get btc instead of money and get rifferal working for me to produce btc
Starting a business in a third world country is much more profitable than starting in a developed country, as in the third world country there are not any competition and in some countries there do not have any of their product and they rely on the imports so if someone will start producting at there then they will stop importing and will use your product for all the country, so start your business at your country. and for third world country 10 BTC is much bigger to start a business. Who said you that there is no competition in third world countries? Competition is everywhere and that fact is due to high population it becomes difficult to find a job and even to survive long term in business. |
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What is your opinion: will btc become a currency with which you can pay in supermarkets, subways etc?
Or will it remain a crypto-currency used mostly in the Internet?
There are many people that are wondering about this, but time by time it will be used mostly everywhere if the government does not ban bitcoin, until then you can use bitcoin debit cards. Yeah bitcoin debit cards is very useful for buying anything and I think it will take long time to use bitcoin in daily life for purchasing anything as still there are many people who are not aware about it. |
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In the last months the BTC price is increasing, how much u guys think the price gonna be in one year?
That is impossible to predict because anything can happen with in a year it depends on what is going to happen and you cannot predict what will happen so you cannot predict the price. The only thing we can do is speculate and wait it out to see what will happen. Well, maybe just the price of bitcoin aka ride, and perhaps bitcoin prices will fall, just as in 2014 to 2015, I think the price of 1 bitcoin at the time it went down. it will be very difficult to predict, but most prices bitcon in each year was definitely grow, you just have to believe it Yes the price of bitcoin fall by that time. But the thing today is that the price of bitcoin is increasing. And the halving did already happened. So we all know that the supply is going to be lesser and the demand is going to be higher. I'm expecting the price is going be higher. And I hope the price is going to be on what I'm expecting. With continuous adoption we will surely grow in volume that would affect the supply to be lesser and our wish will happen that we can see a good price in the future, let us just continue to believe and support bitcoins. Yeah as adoption will go higher it will also help in taking price of bitcoin to a higher level, not sure what will be the exact price but we can expect 4 digit price in next one year. $1000 could be achieved later this year after the implementation of the 2MB block size and SegWit. yeah $1k will be achieved in this year, and long wait of the users will get over, as majority of users believes in selling their coins when price will touch $1k. |
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Saving money in banks and bitcoin is the best choice, as bitcoin will make your savings grow in future and you can have access to your money saved in banks 24/7.
Doing both saving fiat money in your bank account and holding Bitcoin is the best option. There is really no need to choose for one of the two options as some people may do. I hold money in my bank account just for the purpose of having money aside. And Bitcoin is a currency tool and investment tool, and also a store of wealth. It's a win win for me. Exactly you need to be smart while saving and investing, and bitcoin allows us to do both simultaneously as you can save a part of your salary in it and you can expect best returns in future. |
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Well this is a literal "the halving" of the value of bitcoin LMAO
I know for a fact that this is nearly impossible to happen but it's probable.
I agree with you and lets just not hope that 350$ is coming our way if that happens its goodbye income for me. My income will be reduce to half and It will gave me work to do to earn what I am currently earning. But it is impossible so I am confident a little that my bitcoin activities will not let me down. Given the price trend the price deflation is impossible as I see it this august, probably a price increase instead of a decrease. I don't think the price of bitcoin will decrease to $350 in august or even in this year. I'm sure the bitcoin's price will be stable for the next 1 month. Yeah, it is true the price of bitcoin will not drop, it will increase and the time is not long away from now that the price will once again start to increase like before, and if it do not increase then at least will not drop down. Yeah and $350 in simply impossible now price is rising slowly at a moment and even if it falls in future it will not go below the price of $500. |
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With this current price and we all know that it will go up 10-20 will be enough
We are not sure what will be the price after 20 years, so to be on safer side I think we should try to collect more coins so even if price goes lower, more coins will take good care of us. |
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You will not sell any coin  I doubt that because in the end we always need to convert or sell our bitcoins just to take our profits and also get the money. Bitcoin is limited as of now and it not just like dollar that you can use anywhere to buy some stuff. If you are planning to wait for bitcoin to reach to the point that it doesn't need to convert in fiat, i'm sure it will take a lot of time. If he is not going to sell any coins, then there'd be no point in trying to get all your coins at all since you are never really going to enjoy them, even just for a little bit. I know for a fact that seeing how much coins you have makes you feel 'wealthy' but not using it is just worthless. He is not saying that he will not use his coins but he is saying that he will not convert his coins to fiat, so with that he can enjoy the benefits of bitcoin and he can use bitcoin for his uses and expenditures etc. I really don't know where people are using their bitcoins physically as everyone is complaining that they don't find any offline stores where they can spend their coins directly. I use the bitcoin online only. There is not many offline shops and I never tried to use the bitcoin offline. Spending online is also limited for me, as I use it only for mobile top ups rest I am saving it for future as we will see some good time in future which will give us more benefits. |
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I do not spend any Bitcoin in real life because to me it is a waist to do that because of the fact that they are worth some money.
I will only spend the if it really makes sense to spend them or in the future when you can buy more things with them.
Exactly the fact that bitcoin is worth some money is why we should be spending them in real life. Simply holding on to them and always waiting for the highest price possible isn't really a good thing since you won't have the chance to enjoy your coins at all. Yes if you want to make good profits from it then its better to hold it for future, as for buying anything in real world I think fiat and credit card is still the most convenient options. |
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It has been discussed many times already but Bitcoin is just too complicated to be massively adopted. Case in point is adoption by females/women, I'm sure we are all aware that this must be incredible low just by taking a look at this forum or at other sites online, 99% are men.
Yes if women start using bitcoin then it will contribute to adoption level which can help price of bitcoin to go to higher level, and people who are not aware about bitcoin will never prefer to invest in it. |
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For people who sold theirs coins when price was around $750 it was profitable but nowdays it's around $660 like it was almost every time before price rising.
I don't think many would have sold their coins when price touched $750 as everyone was hoping that price will cross $800 very soon and missed the boat. |
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Well I think for now it is time to hold bitcoin not to buy not to sell. IMO bitcoin's price now is high but I know it will rise more. It is not just wise to buy bitcoin at a very high price since you will get a little profit.
At this stage I will prefer to hold the coins that I have and will not prefer to buy till the halving is done, and if price drops after the halving then definitely will buy some more coins. |
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I am keeping myself busy in buying whenever I have money in my wallet, as I feel that this can be best investment for future which can give me best returns.
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Your vote thanks  More than 10 Years atleast it will require for reaching that level. It is going to take a really long time before we hit this big amount of money, it is not even sure that we are going to reach this. It is impossible to tell what will happen to the price of Bitcoin, the only thing we can do is wait and see what is going to happen. Really is still long so bitcoin could reach them. And possibly as much as 10 years for bitcoin price fluctuations occur every time so it is very difficult to climb rapidly. We must wait for what will happen next. Its not easy to hit that price and may be it will take at least 10 years to touch that price, it has an potential to hold that price but no one knows when it can reach there exactly. I think 10 years isn't enough to hope bitcoin could reach $10,000, IMO we must face halving 5 times again when block rewards for the miner is less than 2 bitcoin. Anything is possible with bitcoin, but I don't think that $10,000 is going to happen anytime soon, not at least in the next 10 years, I think. As bitcoin progresses, it will reach a certain stage where it stabilizes and stagnate. $10,000 could be reached if some big whales decide to have some fun and pump the price to new highs. Yeah it will take minimum 10 years to achieve that price as its never gonna easy to achieve that huge price in quick time and there is no assurance that whether it will touch that price or not. |
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Making profit using bitcoin is faster than gold because it is better for short time investment due to how the price fluctuates. We can lose it also as faster as we got it because its value is unpredictable, you need to be updated and monitor it regularly.
Yes compared to gold bitcoin can be considered as a venture capital and it can lead to fast profit or lose so investors should invest a small portion of their investments on it. If you compare the profits that you can earn from gold and bitcoin then I think bitcoin will win the race, the profits you earn from gold in 10 years can be achieved in 5 years from bitcoin. |
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