Hey everyone
I was mining just for fun when in 2013/14 mining with a gpu was still viable. Since that day im wondering if it is too late to get involved in bitcoin even though I stopped thinking about it for a few years since I was about 15 years old with different things on my mind. Just recently I began wondering again: Is it too late to get involved in bitcoin? After the price blew up in 2014 I asked me the same thing and thought the hype is over and I am just too late. Even if bitcoin is a bubble and each bitcoin is overvalued who can safely tell when the bubble is going to pop if it ever will? I just think this is an awesome project with an equally awesome community despite the weird things in the altcoin section that tend to become more and more popular due to "weird" people picking up on the bitcoin hype caused by media and the increased internet awareness. Im talking about projects like "bigboobscoin" which is topped by some emojis in the title. Since I came along this project I want to own one of the 21M bitcoins to ever be created. In addition bitcoin has something magical to it which I cant put in words but the fact that satoshi never got identified gives me this feeling of a revolution of currency with the right intension. He never pulled out his round about 1 million btc. Well who knows maybe Satoshi is dead by now and his btc will never be touched. Bitcoin came out of the mind of a genious and is so much more worth than only "going to the moon".
Im just wondering if bitcoin and its community still got the same spirit or have the weird people and rich investors overtaken to ruin this project by treating it like a pump and dump shitcoin without a soul?
I hope my english is good enough to make you understand my thoughts and feelings.
Have a nice day.
I just want to say to you brother, it is not too late to get involved in the bitcoin.Until now the popularity or bitcoin or the image of thia is still unrecognizable it is still too small so that's the value was very high. We might know if the bitcoin spreading will be popular if the price of bitcoin will going down like the law of supply and demand. For now, the time is very early too get involved it is the time of bitcoin if we compare to movie its just nearning in the climax As long as the bitcoin is not entering or reaching the price of 10,000 USD, for me it is still a great opportunity to buy bitcoin and invest our money into bitcoin because once the price of bitcoin reach the 10,000 USD mark then it is either will continue to go up or it will have a correction which is normal but for me, i will sell at 10,000 USD and buy back again when the correction occurs. |
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It is not the only way to make profit in bitcoin and other cryptocurrency. If you want to make more money aside from just holding then you can try to do some investing in different ICOs that you think that is good for the future and also you can try trading which you can try to grow your money into a higher amount in just a shorter period of time because of the opportunity that is given by volatility of the cryptocurrency market.
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Saving bitcoin was a big help not only for children but for my whole family because right now im single and im saving bitcoin for my parents and bitcoin was a big help for me because before when i didnt know this my salary was not enough but when i started earning here in bitcoin i can provide all what they want so that bitcoin was have a big help for me and for my family.
Yes saving bitcoin is not only for children but also for our self and for our whole family that are going to benifit with. I'm also single and the idea to start a savings of bitcoin is not out of my list, actually I'll prefer to start to save and make investments of mine in bitcoin and also having own business soon with the help of bitcoin. That is great because piece by piece or step by step you are now getting into your goals and plans for the future and that is because of bitcoin which is great because bitcoin only prove that anything is possible for a person who got a lot of determination. As long as you can, just hold your bitcoin and don't think for selling it because the opportunity are always in your bitcoin so just keep them until the time will come that the price already made you satisfied. |
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Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. It feels pretty obvious to me that BTC is the best thing ever and BCH is built upon greed, but I'm not entirely confident that either will win in the end anymore.
The huge boost in BCH overnight makes me wonder if anything in the crypto world is legit. Seems like everything is based upon greed. All the figure heads that are suppose to support BTC started being like "oh yeah, BCH is the new bitcoin now guys". John Mccafee (yup, the guy who said he'd eat his own dick on TV if BTC doesn't make it to $500,000 by 2020) is all like BCH is the solution blah blah blah. I figured okay, people are getting paid off to say stuff like this, he's a miner after all so he's looking for money. But then I started reading the core developer's tweets. They either don't talk about BCH, but even some of them were talking about BCH taking over.
I get that pump and dumps are going to happen, but when developers are switching to BCH this means either two things. One, BCH will become the new BTC. Two, developers are greedy and care about making money than BTC.
Another part of me wonders whether this was a pump and dump or not. Perhaps BCH really is better now.
Decentralization, limited supply, medium of exchange, store of value. These words are thrown around a lot when describing BTC, but it just seems to me that people really care only about money. When the developers are like this, that is means for worry. This means people will make changes to BTC strictly for hype to make money, even if it actually hurts the security of the coin.
The only figure head in the crypto world that I feel is trustworthy is the creator of LTC. My reasons are this:
1) He hasn't pumped the crap out of Litecoin with false propaganda
2) He was awkward on TV when talking about Litecoin
3) Intuitively seems more genuine
Last night has left me depressed all day today. I'm very bothered by this. I feel like if I go with BCH I lose. If I go with BTC I lose. I feel like BTC is the good guy and BCH is the evil guy. However, BCH might win in the end. I see possible +EV with BCH though. So last night I caved guys. I caved. I feel sad but I did. I bought BCH which I thought I would never do (I didn't sell most of my BTC, It is like a hedge I suppose). Just seems like the +EV thing to do. Couldn't figure out if it was a pump/dump or a takeover so went with my limited knowledge.
If BCH makes it to $3,000ish I will dump some of my BCH for BTC again.
I'm distraught guys and not in a good way either. I kind of feel like I might be getting played, but I might be making the right decision.
Bitcoin is started to go back and started to pump again. I am not loosing faith in BTC i am confident that btc will recover again. I am more confident with btc than putting my investment to a coin that is being controlled and managed by someone else. Keep having faith in bitcoin because once the bitcoin market is being cleansed to remove the bandwagon and weak hand holders then it will go back to normal and it will make the price go up again and i think that it will become stable in 7,000 USD and it will continue to climb up to 10,000 USD up to next year. |
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Yeah! It’s clear. In the world Bitcoin can not replace the currency. Because it’s a only based on internet currency. It’s not looks like a another currency like dollars. And it’s price not stable. To earn and sell Bitcoin need a internet connection.
That is true it can never replace our currency who issued by our government because our currency is one of the identity of a nation. But bitcoin can be a alternate payment for paying online. And also because of its volatile in price it cannot be replace in currency. fiat will have its place and will continue to be used as is. While bitcoin is really a good alternative with fiat - but what I am really seeing and observing is that people who got a hold of bitcoin preferred to just invest and hold their coins than using it like an ordinary fiat money for their daily regular expenses. Fiat will not become useless because just like what you have said, it will stay as it is and bitcoin will become a great option or alternative for doing transaction like payment and other type of transaction that includes money because with bitcoin it is easier to send since you just need an internet and a device and the fees are lower than the traditional method of sending money to another and it is also secure so it is just a perfect mode of payment. |
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who among you here heard bitcoin back in 2009 and 2010? I was one of the people who is very skeptical about it and I really regret it.  I missed the best opportunity for a lifetime. Surely now you will be the luckiest person in the world. How Not? bitcoin prices in 2010 were about $ 0.20. Please compare with bitcoin price in year now, I guarantee you will regret for having ignored bitcoin. This is a missed opportunity for you. If you just bought a couple of dollars of bitcoin in that year. Like 200 or 500 dollars you will probably hitting a good profit this year. Sometimes even if we found opportunity to invest but our mind are afraid to lose or not want to take the risk. With these kind of behavior we will end up not trying. Just invest what we can afford to lose so we don't mind it if it's gone. I agree with you, that is how we should deal with the opportunity that we will encounter, we should try and take the risk to grab it and just invest or put the money that we can afford to lose so if we will lose that money then it is not that frustrating but at least we tried with our best to grab that opportunity. Bitcoin is just like that and if you took the risk a few years ago then you already millionaire now. |
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Bitcoin is difficult to explain. I also felt difficulties in understanding bitcoin for the firs time. Let's share how to explain bitcoin to children of teenagers. In My country I can say 98% children don't know bitcoin. In fact, bitcoin can be future money. If the children not familiar with cryptocurrency or bitcoin, how can they face the digital era in the future.
it is quite difficult to introduce bitcoin among children and adolescents because of social and social factors but I have a fear also to introduce bitcoin in adolescents because of the result of bitcoin is quite a lot and the result to do bad and bad The children are not old enough to learn this technology and opportunity because they will not take it seriously since bitcoin has a lot of volatility then they might just get upset and lose a lot of money to bitcoin and in my opinion, it is better for them to just focus on their own business and just study bitcoin after they have preparedness and open minded for opportunity like this. |
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I don't see any potential effect in bitcoin if India will ban bitcoin in 2018 because we can easily move on and have a continuous great performance even though china which is the biggest country in Asia that banned bitcoin but bitcoin is still kicking and now it is on a higher level even there are no chinese people that helping us. If they will ban bitcoin then let them do it because at the end of the day, they will regret it.
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Not necessarily Bitcoin. But it is definitely cryptocurrency. Time will come we will have to do away with the traditional fiat currency. And because the world is getting digital every day, it is just perfect that the money and the transaction that is involved with it will also become digital. And cryptocurrency is the digital version of the traditional fiat money that we have for now.
I agree with you that bitcoin is not only the future of the money and the possible other aspects of our world. Cryptocurrency will become the future of the transaction and services because of the ease of transacting like buying and selling of things and services through online. With the cryptocurrency, the future of our world will become brighter with these new type of technology in the internet. |
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I am also a little bit worried about the future of bitcoin and all of the cyptocurrency that is why I am setting my long term target as of now up to 3 years but if I see that crypto is getting stronger then I will change my target time and willing to extend more.
Why are you people worrying about the future of bitcoin? Bitcoin is not just a nuisance coin and has been created recently. There's a strong support from the community and even there are rallies against it bitcoin will remain at it's finest. The block and fees will be fine very soon once these miners are back, we just can't push them to support a small block size and if they don't want to mine bitcoin, let them mine other coins. I agree with you that bitcoin is a very strong coin and a solid type of investment and with bitcoin it can bring a lot of possibilities in the future and we don't need to worry for the future of bitcoin because with bitcoin we can have a great financial system in the future. The problems that we are facing in bitcoin right now is just temporary and it can be solved very soon. |
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My biggest regret is when I got introduced to this back in 2012, I tried to buy £200 worth, the platform was down and I never bothered, just recently woke up to it again at over £4k per coin, it is a physiological thing where I don't want to buy at that price.
When year 2015 my friend tell me that this bitcoin forum is the best sight to earn money but i've not listen to him and i'm not believe and now he buy a car and big house because of this forum this is very wrong decision that i've done. You can still fix it because it is not too late for you to earn a lot of bitcoin here in our forum because there are still a lot of opportunity to grab and if you have a lot of patience and if you have a lot of determination then you can also become like your friend that he bought a car and a big house or even better than that, like always they say, if you can dream for it then you can get it. |
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Buying only one coin called bitcoin is not a smart move and even though you are a smart person then you can't still call yourself as a smart person because that is a very risky investment to just put your money into one basket and it is better if you will put your money into different kind of investment and not only in bitcoin so you will expect a good cash flow to your wallet.
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I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.
I think they call it gambling when you buy bitcoin with traditional currency (paper money) and hope it will multiply itself overtime. There is a fine line between investing and gambling, the only difference is the other one sounds better than the other. You can earn or lose money with both. Also, both of them involve risks with the hopes of high returns. For me, they are pretty much same. With the right calculation and analyzation then you cannot call bitcoin as a gambling because if you know what you are doing and if you know what are the possible things to happen then you already know the risk and the best thing with bitcoin is, it has a better chance for us to be a winner rather than the other type of investment or worst the literal gambling. |
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I just wanted to know that,what amount of risk is there in investing in bitcoins.
Right now i am planning to buy btc approx 3-4 btc and just hold them as i guess the price of bitcoin will increase in future and i will get some good profit.But i want to know what is the risk involved.Can bitcoin price decrease and is this right time to buy the bitcoin.
There's no specific amount of risk in Butcoin but to estimate it, it is not that much risky. The onky risk is its volatility such that its price changes from time to tine and oftenly falls although it will eventually increase. And one of the problems is tmits legalizaation wherein Bitcoin is nit yet legal to most of the countries therefore, it is limited as a currency to those people who lives in those countries. Bitcoin investment only become a risky type of investment when you try to short bitcoin because bitcoin is very risky at that point and it is better to hold it and make it as a long term investment rather than short term investment because it will not bring your the best results and shorting is not always resulting to a good one so better be safe than sorry. |
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My biggest regret when it comes to bitcoin is not selling at the peak of price because i always think that bitcoin will just continue to go up but i don't realized that i need to decide if i am going to sell or not because the market is not always going up because there will be times that it will go down. That is the biggest regret for me with bitcoin but as of now, i don't mind selling bitcoin anymore because i decided to just keep it for 3 more years so i will not waste any chances of high price.
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Nothing is too big to fail, if it's time to fail then all will fail. Nothing lasts, including success. Success and failure are unexpected. When the peak of glory, there could be things that can make you fall at once. That's life, like a spinning wheel, there are times when you're up, there's a time you're under.
The good news for all of us is that bitcoin is in fact very solid it does not look like it has any weakness that may harm it, this could change of course as governments of the world are not going to allow a project like bitcoin to keep growing without any kind of supervision. When government tries to manipulate btc whuch impossible for them to do may result for bannings that can affect btc failure to increase more in value, but without banning btc for sure can keep to stand for long. I think it is possible that as we see bitcoin growing and governments begin to see that people are not going to pay their taxes because they are not forced to do it then we are going to see a massive ban of bitcoin around the world but even that will not be enough to stop bitcoin adoption. If the government will see that people will prefer bitcoin more than the fiat then they will take actions and they will adopt bitcoin too and that is when they will going to make some changes in their system and they will think for a better strategy to use to make their financial system even better than before because of bitcoin. Governments will not ban bitcoin to form a worldwide ban because they will adopt bitcoin and use it for the better. |
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Everyone wanted higher bitcoin price and we achieved this but another problem become transaction fees. When bitcoin's price was low, we had to pay also low fee and now when it rised, we have to pay high fee in bitcoins and plus that high fee is more higher with current price. Is this fair? The higher the price, the more money miners have with bitcoin exchange.
To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.
Not fair at all but we have no choice. They offer a secure and surefire transaction for ever bitcoin holders out there to make a safe transfer or deal. It's the least we can do to a trading site, that is, to make sure they keep it secure and keep it safe from harm's way. Because of the expensive fees that we are dealing right now, we should be conservative and careful in using our bitcoin because if we are not careful enough then we will lose an amount of bitcoin and also money at the same time so if i were you, i will just do transaction with bitcoin if it is really needed or there is something to expect. |
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They are shorting bitcoin in the belief that bitcoin is overpriced currently. And they will probably buy back bitcoin at lower price.
I agree with you. Shorting or trading bitcoin back to dollars is one of their way to grow their money or to make some profit because the price of bitcoin is high then they will sell their bitcoin to secure the profits that they made from their investment but if the bitcoin will go down then they will buy bitcoin so they can get more amount of bitcoin for their investment. |
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Why you need to lose some faith in bitcoin? Just because the price is falling down and the transaction fees are increasing? It is normal for bitcoin to have those things because the price of bitcoin is going up and as you can see the only major jump in terms of fees is not in the value of bitcoin but its value in dollar so the people thinks that the fees are so high but the only thing is they are basing in us dollar or fiat value of the fee. Since the mining difficulty is going up, the fees are also going up because the bitcoin needs to attract miners to stay and not to leave the network because of the satisfaction in profit IMHO.
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I don't think that there is minimum for investing because if you really want to invest then you should not mind the minimum to invest, if you have an extra money then put it on the investment and always do the same thing every time that you have an excess or extra money and it is not late now to invest because there is still a lot of years to count.
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