Well for me, it is always better to invest money to earn also another money. In this way you may also control yourself from spending when just saving. But if you want to save money it should be done in a long term so somehow it will earn interest in years but do not expect much on it mostly for banking institution..
The best interest percent is here in bitcoin. You are the one controlling it. Yes. That is what is cool about it. Sell high, buy low. It is still faster that way than waiting for an interest in a bank. Yes bank gave the security in your money. But what else do they do with your money. They profit more for investing it in different things. Then give you just the very small percentage for lending your money to them. |
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It is always a good investment to buy 1 BTC, since BTC is inherently deflationary.
This means that in the long term it will always go up, so buying today is better than tomorrow, and so on...
Oh yeah!? That is lovely, but yes just thinking about it, bitcoin is still in its youngest day. There are still a lot to mine. And growth in price will still come due to some buyers and more demands. So yeah better buy now. |
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Yes it is hackable. But I think there are also persons out there who are preventing it from happening. Those would be the ones who a large part of bitcoin since the start of it. I dont know but that would be a good reason to protect it.
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There are also alternate investment methods with bitcoin other than speculative investments. Speculating the futures of bitcoin is just as good as investing in the stock market. It is rather risky and you are not in control of your earnings at all.
You can form your own btc currency exchange service using an escrowed marketplace such as Localbitcoins.com or Paxful. Offer to cash ppl out at 97.3% of current market rate using quick payment options such as moneygram or western union. Offer to sell ppl your bitcoin using the same methods at 6.5% above the current market rate. Doing this will always net you a consistent profit day-in and day-out regardless of market price fluxtuations. Because you are basically charging a small premium for your services rather than hoping your speculative investments actually pan out for you.
There are also loan sites such as BtcJam.com that you can be apart of. It is a P2P crowd-funding site where users apply for loans from the community. Community members are able to contribute any amount of bitcoin that they'd like towards that loan request and will recieve thier principle + whatever interest rate posted on that specific offer at the end of the loan term. This is a much slower investment process than the first, but will keep your btc multiplying nevertheless.
Another option is to find a trusted vendor and make investments into his or her day-trading ventures. I myself have allowed small 24 hour investments to my own trading endevours and offered a 60/40 split on the profits made on my clients money, payable in either bitcoin or cash deposits into thier bank account.
Hope this helps you out a bit. Good luck!
One thanks to this for sharing all your knowledge. That currency exchange that is there will be hard right? You will need to have a website and some connections for escrow? |
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There is no changing that. It is supposed to be that way. Or some people will go rampant if you make bitcoin as a new currency internationally. Specially, those who doesnt even know something about it. And what is more. Those who dont even hold a computer. That will be hard for them
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There is ofcourse a time that you must sell it. And that time is indeed not now. I hope later that more people will sell it later in the future.
But maybe we can sell it later. And you can see that the value now is rising slowly and that is very good.
I second the motion. You must sell it. Sell it then Buy. Make it move. Let it be seen by others that there is good profit in using bitcoin or investing in it. That way maybe we can grow more in our community. |
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The quote above is too long so I would just post a reply. Yeah investing is also a way of spending. I think they also used what you invest for trading it. Just like how banks do it. But it is just riskier here. For there are things that happening in the past and up until now. You better just buy a lot of it and exchange in your own way.
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for now, i'm already sell all my coins at $440 so now i'm waiting price down to buy bitcoin before halving.
I dont know if I can say good job of doing that or not. It is really unstable now. It goes to 450 sometimes and I still dont know if I should also exchange it. What if's are always coming after me. |
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you can go full time with mining + signature easily, if you know what you're doing, i've done it in the past, you need a solid plan first
even if something is not profitable for soem time, you can bet your ass that the profit will return again, in the time-frame where it is profitable you can secure the time where it is not
i think i'm going to jump on the altsection again
i see you are very active at bitcointalk and you earn more bit's from sign campaign, are you have other job? maybe real job? or your job is bitcoin only? bitcoin only, mining + signature, but it's comparable to a regular job, there is no stable income, on the otherside, there is no reduction of your net earning, like in real life job... Cool. Well here is the answer if it will be compared to a day job. I guess those who still have some questions can ask Sir Amph if he have the time to answer it though,  |
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I seriously doubt that Bitcoin will replace Dollar, espacially that this will happen soon, but I think that pretty soon Bitcoin will be accepted as any hard currency everywhere in the world
A commodity I think. That will be a big part of the world of investment. In line with Gold, oil and copper that is a great move if that will happen and be accepted by the community. But for now, we need to establish the good side for it have been bad in the past. |
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No one knows what will happen tomorrow. we can establish a prediction behalf of history and BTC history says that future of bitcoin is safe.
I agree with what you say that no one knows what will happen tomorrow. That should be always on our mind. There are those who suddenly change their mind and sell all. That will be a big impact. Just selling thousands or buying makes bitcoin unstable. That is why that is the lovely part of this currency or commodity. |
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the problem in bitcoin for me is I can cancel my transaction, in some case i need to cancel my bitcoin transaction, like today more people get problem to waiting more than 24hours to get 1confirmation, if I can, I want to do cancel my bitcoin transaction then i change the fee higher than now...
That will be a little hard. Once it is clicked as a "Go" then it will be on the line of sending. Canceling it will take a lot of hard time. Just be really sure of what you are sending. That is all we can do for now. |
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My biggest mistake was thinking I was a alt coin genius. There is just a lot of unpredictable behavior in some alt coins.
I made good money on some, others I took a loss. Needless to say I mainly stick with BTC these day's. Just much more safe overall.
Yes I lost money on Yobit scams, specifically on Bitspenders TAMCOIN scam, that he stole all the funds for and the price crashed. I also lost money on Bitspenders HIFUN scam. It was a big mistake and I learned from it. Ouch I guess that is a lot. I just experience mistakes on losing from gambling and others but not through this kind. I already learned from personal experiences through marketing scams all over our country. |
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I wish i could buy the daily goods online and offline with Bitcoins
I know it's hard to happen nowadays but really i wish this happen soon
Great. Yeah I would love that too. Some here are thinking of like a ticket in a train station where you would just swipe or present your QR code then TADA! You can go in. |
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I don't spend much of the bitcoins. I save some for investment, But when i only spent some for emergency purposes like needs at home that will surely benefit my whole family. This is a matter of smart spending your bitcoins somehow I have to consider my future..
True. We are the same on how we used bitcoin. Actually it is still an active spending. Some bought and just let it be there for profit. We on the other side make use of it when it is needed. I will just buy and hold most 90% of the coins. As I think the price will rise in long term. I will also use some coins. Great. For the good circulation of bitcoin it also needs to be used. Yes, take that 10 percent profit then leave some for the great rise of bitcoin in the near future. That is one wise decision. |
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Well what else would it depend on? Youre not going to see people running around with gold notes in their pocket and say "hey" heres my $10 worth of gold notes. The world is already grown into the fiat system..  Very right Sir. Without fiat how can we really know what the real value of something. I dont know how fiat will be change but I guess if something really bad happen to this world that is the time fiat wont have any value. |
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The knowledge that is needed to understand things about bitcoin and a lot more. People are getting lazy to read and learn more. They just want to apply on what they are good at and never try to be flexible
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I don't have a job so am hoping to earn more bitcoin and find ways to accumulate it. I blog about Crypto Currencies so want to step that up a notch. Ideally I would like to earn at least 2 bitcoin a month to put away and grow for the future to hedge against the dropping price of Fiat and inflation. I would love to be able to buy assets with Bitcoin too.
if you do not have a job in real life or are unemployed, of course it will be easier to make a choice. works full time in bitcoin to earn 2 BTC per month,its quite difficult, you need some additional other jobs. in addition to blogs and advertising Not that is not good. Than you life is depending on Bitcoin and that is not good. It hard to predict for what is going to happen. And you life will depend on Bitcoin that will always change and that is bad. You must see Bitcoin as a bonus. I entirely agree with phreaky. Make it as an additional way to get some money for your savings or for the things that you cant buy because your salary is always budgeted for the days that will come. Use it and maybe save some so that when you need it you can get something without moving your budget. |
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Both are very good. If you save your money you dont lose money and you will have always more money in the future.
And if you invest you can make some money later and that will be good, but the risk is that you also can lose some money.
For me, I will try to save and bitcoin only. When the price is high, I will use some. It is too risky to trade. Every transaction will always be a risk. For now, Just think of the profit. I myself experienced a lot of wrong decisions but when I do I start again and think that I am still new here. Then it will be a new investment. |
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because its cheep  Yup today's price is low when compare yesterday's rate. Price will be fluctuate bro but you can buy it to make profit in future. I have plan to buy 2 bitcoin in next week once I received my salary. Hoping the price will be low at that time. Yeah it have been moving like crazy this past few days. Maybe some are really panic buying once they see how it increase in every day that pass. For me I havent been there when it rise to $450 I hope I am online once it goes back there for selling. Everyone have involved themselves in buying at a moment, as the price is moving up and down, so if you buy at a right time, you can sell it when price goes hgiher. True. It will always depend on the right timing when buying or selling. But not everyone knows this yet. Just like me when I am still starting I dont care about trading it. I just let my bitcoin there rotting. |
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