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661  Other / Off-topic / Re: What do you do with your btc? on: June 21, 2016, 08:30:56 PM
What i do with my Bitcoin are using it to bet in sports like euro 2016, Esports also I used some of my bitcoin in playing poker and the rest of my Bitcoin i just keep them in my Bitcoin wallet waiting for the right time to sell. and last i used it for emergency paying my bills that are near deadline.
With gambling you are just losing our money, it is the time to save your coins in your wallet to that you earn some money with halving price increase, and you should have to know that the profit of halving is much more bigger than gambling.

Yup, if you compare the profits from gambling and simply holding then holding will give you best profits as in gambling majority of times you will be on loosing side.
662  Other / Off-topic / Re: Two types of Bitcoiners, Which are you? on: June 21, 2016, 08:28:55 PM
Earning and holding to sell, I don't like to spend it as I still feel that credit card is the best option when it comes to online shopping as not many sites accepts bitcoin at a moment.
663  Other / Off-topic / Re: Why would customers use Bitcoins? on: June 21, 2016, 08:26:45 PM
I came to figure out, why would a consumer/customer use Bitcoins?
You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.

So what is really a benefit for using Bitcoins, customer wise?
I do not think that would benefit the user at all, I think that it would be a negative thing because if they are spending there Bitcoins at stores then that means that they miss a chance to make moeny with the Bitcoin.

I also think this is true if they are spending it they will not make profit and they will even lose profit compared with holding.
You can already make some good profits with just holding the bitcoin for a while these days..

Holding bitcoins at a moment is the best thing to do, price has gone down now so you cannot afford to sell at current price and if you want earn higher profits then you should hold it for next few days.
i think for so many reasons. i think bitcoin no need to carry with you in your pocket. the second is that you can buy and do shopping any where in the world. being universal currency it do not need any exchagne. for example when i was in Saudi Arabia for umara i wants to do some shopping for my children. so i first exchange my local currency in Saudi Arabia currency mean in RIAL but it was such a difficult job every time when i went to a shop and asked about the price first i will convert the RIAL in may local currency using calculator after that i will decided that if i can afford to buy that thing or not. so i feel really difficult while doing shopping in RIAL. there fore i think it will be to much easy to use bitcon in all over the world with out converting it in local currency.

But the fact is we don't have many options to spend bitcoin direclty at a moment, so the best thing would be to convert your coins and transfer it to your bank account, and you can withdraw it from any where.
664  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: June 21, 2016, 08:23:35 PM
yes we can say that we are pretty confident that we are the new wealthy elite gentlemen. but this statement only depend on the position of the bitcoin. we can see that in a single day the price of bitcoin dropped more than 100 USD. so if there is such kind of uncertainty then what how can it be possible. if we want to become rich from bitcoin, bitcoin needs to be stable, there should not be so much flexibility in the up and down of the rates of the bitcoin.

If you want to get wealthy and rich with bitcoin then you have to hold huge amount of coins, and I really feel that if  we hold more then 100 btc then we are wealthy gentlemen.
665  Economy / Speculation / Re: Bitcoin will go up this week on: June 18, 2016, 04:46:53 AM
Well It had risen for this week. Hope next week the price will also rise hoping that it would touch above 1000$ again.  Smiley

1000 usd will not be achieved in next week, as price has stuck to $750 but if everything goes fine than it can touch to $800 in next week and that is also good price to achieve.
666  Other / Archival / Re: should i save btc for future? on: June 18, 2016, 04:44:50 AM
Yes its good to hold up some bitcoin but its right now not a must because you can already make some nice profits with the halving right now.
yes, it would be excellent to hold bitcoin, moreover, bitcoin prices are on the rise at an alarming rate, due to halving, I feel that after halving, it might be better to sell bitcoin

Even if he price hits 1k I iwll not sell all my bitcoin. I will always at least keep 1 bitcoin. Suppose one of the freaks on this forums who said it will go to 10k is right...
I still have my 1 bitcoin.



Keeping 1 btc safe for future is a nice idea, as we never know what will be the price of bitcoin in future but if you have saved your coins then you can sell it anytime when price goes higher.

hold 1 BTC for the future is not a good idea, it's just going to wait a long time and the results are not comparable so that it becomes useless. better to grow it, so that in the future you have a lot of bitcoin

as much as possible, if you can hold 10btc better to hold 10btc, if you can hold 100btc i prefered to hold 100btc, we not know anything about future, bitcoin can reach $10.000 and maybe can fail to $10


The price of bitcoin will never go that low in future as now we can expect only higher price, as halving is near and mass adoption will take price higher in future too.
667  Economy / Speculation / Re: 626 $ what!?!? Halving incoming.. on: June 18, 2016, 04:42:33 AM
Well, yeah, halving is doing a lot of crazy stuff to the bitcoin price right now Tongue I'm pretty sure that this is going to continue into the future, however there may be an adjustment after halving.

Who knows where bitcoin can go to.

We don't need to worry about the price of bitcoin till we reach the halving stage, as price is rising now and it will be much higher till we reach to our destination.
668  Economy / Economics / Re: Bitcoin Price Passes $750 to Hit 28-Month High on: June 18, 2016, 04:40:41 AM
I think bitcoin price will rise $1000 before halving or after halving.
Now I like to read news about bitcoin Smiley

I think this is a possibility but also think its more likely the halvening will be the reason it goes over 1k
Yeah I really doubt that it will reach $1000 before halving. Halving will probably be that little push that Bitcoin needs to reach $1000.

By the way, I think it's halving, not halvening.

If we touch $800 by the end of next week then I think we will reach to $1k very soon, as it is predicted that it will be the price at the time of halving.
669  Economy / Economics / Re: USD vs BTC on: June 18, 2016, 04:39:03 AM
Not even close. We on this forum are familiar with bitcoin but the vast majority of the world and even America don't know what it is. Most people in the world know what the US dollar is (and of course everyone in America knows what the US dollar is).

Time is changing mate, and it will change in future too when people will start knowing about bitcoin they will start investing their money into bitcoin for sure.
670  Economy / Economics / Re: Holdings of gold vs Holdings of btc on: June 18, 2016, 04:37:23 AM
Ofcourse,holding of btc wins over holding of gold..Actually if you see, the price of gold takes years to become stable at a higher price and is not very fluctuating but opposite is the case with btc..You can be a billioner in a few months if you trade bitcoins at the right time..

I think if we see at the present scenario then holding of bitcoin is more profitable in compare to gold as gold will take long time to give you best returns on your investments.
671  Bitcoin / Bitcoin Discussion / Re: What to do with your 13 bitcoins on: June 18, 2016, 04:35:23 AM
hold it for few months till btc price going up to ~$500 and sell it when it happening, simple,and less risky but need time
or do use it for paying my monthly bills
Well let's just hope that he saved all his Bitcoin until now. The price is at a 28 month high. If he sold before, he is definitely not albert einstein.

Price is around $750 now we are expecting much higher price at the time of halving, so at this stage the best thing would be to hold those coins for next couple of days.
672  Bitcoin / Bitcoin Discussion / Re: How to teach someone about Bitcoin on: June 18, 2016, 04:31:39 AM
first give bitcoin, then introduce with youtube video about bitcoin
at this time you can find more video about bitcoin at youtube.

A good video can really attract people toward it, as people loves to watch video and if they takes it positively then I think they will surely start using it.
673  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin make Banks disappear? on: June 18, 2016, 04:29:41 AM
It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.


"TheStreet: How do you think FinTech will impact the way banks operate?

Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html

What's your read on that?



Banks will not be disappear if there fiat money. so if you want to eliminate bank it must eliminate fiat money as well, which is where it will not happen. Thank you

Agreed neither the banks nor fiat will disappear in future as both of them are very strong part of our lives and majority of people are dependent on it.
674  Economy / Speculation / Re: I'm dumping my bitcoins so you should on: June 17, 2016, 09:14:20 PM
Dumping now is a very very hard decision. The price can and I think eventually will go down. Question is when?
My hope is not for at least 2 weeks, which is why I am holding.

Price may go down after the halving when people will sell their coins at the time of halving, but selling now cannot give higher profits so its better to hold for next few days.
675  Economy / Speculation / Re: I AM HODLING on: June 17, 2016, 09:12:40 PM
A good idea for current situation. Until halving it is really worth to hold. As the price is really going higher and higher, better to sleep with BTC now. Can earn and fill the wallet with more BTC.
Exactly, I think it would be really smart to hold our coins at a moment, as selling now is not recommended as we are sure price will boost up at the time of halving.
The price may reach 900 USD. This is the peak time to experience a reasonable turn around to the wallet. Lets work smart now and pile up the BTC. Let this be a blessed moments for each one here in this forum to reach a bit high.

My prediction is that price will touch $1k before the halving and it may go above $1k at the time of halving,  so I am expecting $1200 price at halving.
676  Economy / Economics / Re: Is it better to save money or invest it? on: June 17, 2016, 09:10:37 PM
I think that better to make your choise according to your situation, so i think that i am gonna choose both of them.

That's true save now and invest in future as to invest anywhere you need a capital and that can be done only by saving, so saving primary and investment is secondary option.
677  Economy / Economics / Re: Mining coins save or sell it? on: June 17, 2016, 09:09:00 PM
I think save it, for me that is the best way to earn money because this is crypto world and in this world it is full of surprises. We just need to have a lot of patience when keeping and who knows the price will skyrocket in the future.

Agreed that anything is possible with the price of bitcoin in future, so its better to save it for future as everyone is predicting very higher price in future.
But how will miners manage to pay their bills and mining cost if they just save ? I think if you have enough money to pay the bills even after saving the bitcoins then please save it, because I can easily see price going over 1500$ at least.

If we talk about the normal users then I think they will prefer to save their coins for halving, as selling now is no more profitable as price will be higher at halving.
678  Economy / Economics / Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022? on: June 17, 2016, 09:06:25 PM
I don't think so, for me bitcoin still is not so popular cause people is not interested on it, but in 5 years everything will not change so majorly.

Yeah we cannot expect that each and every person will invest his money into it, as there are many people who are not aware about it and if they are aware they are simply not interested in bitcoin.
679  Economy / Economics / Re: Should I believe in Bitcoin ? on: June 17, 2016, 09:04:38 PM
Yes you should now believe more in the bitcoin than ever because it has a good future, more people are joining it everyday and the fact is also that the halving is coming!
We gonna make a lot of profit in the future of the bitcoin.

when the bitcoin prices rise very high, sometimes it can increase their confidence in bitcoin, besides high prices could make a lot of people are interested in and curious about this digital currency that has a high value.

Yeah, you are right. If the price of bitcoin keep increase, it will make many people more believe in bitcoin, because with that expensive price, more people will start using bitcoin.

Of if the price goes down it will make many people very unhappy. It will be devastating for the people that will lose so much money.
That is if it goes down big time, like some are expecting.

Its difficult to imagine that price will fall now, in fact it will continue to go up in next few days as we are moving towards the halving so we can see higher price at that stage.
680  Bitcoin / Bitcoin Discussion / Re: What to do with your 13 bitcoins on: June 17, 2016, 09:02:30 PM
If i have thwt i would sell 8btc and the remaining 5 btc is i nust going to hold it untill halving ends and exchange it.to fiat then exchange fiat to btc

Why you want to sell bitcoin at this stage? If you can hold 5 btc then its better to hold  all of them as more bitcoin will give you more profits at the time of halving.
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