the only problem with earning a living with bitcoin is the price volatility of bitcoin.

if you want to earn bitcoin and hold it then you are going to have a problem if the price goes down. unless you plan on earning bitcoin and selling it to fiat and use the fiat for your living which in that case you will miss out on the price rises.

this is a lesson not to listen to any of the FUD that has always been spreading around the net and on the forum. i remember that time there was a lot of FUD about bitcoin is going back to two digits. but i had my faith and had some open orders around the $200 and lower which was filled that day and i had gained a good profit.

right now i think anywhere around $400 is the best price anybody can buy, but there is no guarantee that price goes there and it might only go up and you miss out.


Obviously?! how is it obvious that bitcoin price can drop down to $200

good job.
i did some day-trading in bitcoin a while back too. it is good if you know what you are doing so you can earn a good profit. but it took a lot out of me, a lot of time consumed and a lot of stress so i have paused the project for time being.

that is not a bitcoin wallet. because you have to give your bitcoins to that third party to hold for you while you have no access to the private keys, you will only have an account and a promise of return.

and if they run away, get hacked, scam you,... you have nothing on your hand.

it is going to happen eventually and the steady rise with stable price that has buy support is not up to the whales but it needs massive support.

if whales are going to do anything they are going to pump bitcoin and the price is not going to stop at $500 it is going at least 2, 3 times more than this stage.

well, you have to change the rules and set them to your preferences so that you feel safe following them. and sometimes in altcoin market you have to set your rules for each market different from the other.

but one thing is for sure as he said always "stick to the rules"

^^
there is no fast and free way when it comes to earning money. unless you want to scam or rob people you can not earn fast and free anything.
you either need skills which you can use to get paid in bitcoin while working for others. or you need some initial capital to invest and take profit on that investment of yours.

i think Yobit is more poor than scam. they always have problems with withdrawals, their signature users have the same problem with their payments too. maybe they are processing everything by hand and not automatically!

define better, what are you looking for in that "digital system"

if you are looking for payment processors like Paypal, etc and want to be able to spend money everywhere then there are better things like PayPal, credit cards,....

if you are looking for a similar cryptocurrency to bitcoin, look at countless number of altcoins which exist today and take a pick but none of them come close to bitcoin as price, number of people using it and more importantly number of services that are accepting bitcoin (places you can spend bitcoin).

what!!
where do you live that crossing the street is that risky?!! this is not a good comparison at all.
when you say gamble it means something that is dependent on luck, so when you are making a bet there is 50-50 chance of win and sometimes even less but when you are crossing the street there is one in a million chance of something happening to you and it can even be avoided if you are not distracted and see it coming but you can not avoid a lose in gambling.

the things on exchangers are not as bad as you thing.

don't get me wrong, it is still risky to trust them and leave your money/bictoin in their website but it is not like all of them are going to become like Gox, Bter, Cryptcy,... there are still some good exchangers out there.

sometimes you have to take big risks to take big rewards. especially in a high risk market like bitcoin's market where the price changes with panic sellers who have heard a bad news on an FUD news website.

but this does not meant that if the risk is big you have to go all in because this can happen if you don't think it through:

the supply that changes the price is not the total number of bitcoins in circulation.
it is the number of bitcoins that are being traded (sold) buy owners of those coins. 15 million or whatever the amount is consists of lost coins, satoshi coins which will be untouched, a lot of bitcoin holders, many services and businesses that are holding bitcoin and working directly with it,... so it does not mean all those coins are being sold each day that create a big supply.

i used to think trading is mostly chance, so that makes it like gambling.

but after a long time in trading altcoins and bitcoin i realize that it is still dependent on chance but not as much as i though in the beginning. all the trades that you make need some luck to go up and not suddenly die but you can find those investments that are 99.999% sure investment and buy those instead.

i don't know what that number you wrote means but in dice you can start from 1 satoshi and bet with 2x martingale strategy. and the maximum losing streak that i have heard is possible in ~50% chance is 30 red losses in a row so you are going to need >3BTC if you don't want to lose

it depends on how you are using Electrum wallet.

if you are using it as an online wallet (means on a computer connected to internet) then paper wallet is safer because it is cold storage (offline)

but you can use Electrum as cold storage too (means only run it on an offline computer) in that case there is no difference in security, and in fact Electrum cold storage is better since you can still use the coins without needing to sweep the keys like paper wallet.

who cares about russia, let them fall behind from the rest of the world.

all i care about and am watching closely is China and what they are planning to do. "they want to announce bitcoin as a real currency"
if this happens the bitcoin price is going to explode to the moon and beyond that.

there will always be enough bitcoins for everybody no matter what the price is.

i have said this many times, in case bitcoin price goes so high that 1 satoshi is still worth something there it is possible to break bitcoin down to more decimal places which means bitcoin can have more than 8 decimal

the overall price rising is still there. so bitcoin price is going to go up no matter what happens because with each day passing there are new companies and new users that start buying bitcoin.

so i guess even if there is not bubble (jump) in the price, those of us who have bought bitcoin already are still in good position.

it depends on your strategy. there is no one right way to do it.

for example if you are planning on holding your bitcoin for long time and then sell it when the price went up, you should buy it all at once and move it to your cold storage.

but if you want to keep trading then you should change how you buy according to the situation. sometimes at once and sometimes with some spread by looking at how the market is changing.