No, because I will still need to exchange my bitcoins to fiat if I wanted to buy anything in the stores down the street. I can't completely depend on bitcoin just yet. Bitcoin is still valuable to me though.
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For as long as you can't spend bitcoin on a daily basis or pay for it in the stores, bitcoin will be depending on fiat. Until then, we're going to need fiat to exchange bitcoins so you can pay with it.
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Gambling becomes wrong when you're getting addicted to it. If you gamble with a certain amount like once every month or so. You should be okay.
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I've gotten better at staying away from gambling. I used to think that I was addicted to gambling because I went to the casino everyday. At some point I just kept losing and I didn't want that anymore. At that time I never had any money and I wanted that to change. So instead, whatever money I would usually use to gamble with, I put it aside. That's how I started becoming interesting into bitcoin. Bitcoin is a better investment than to gamble all your money away.
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I go by the rule "Never sell for lower price than you paid for it" , so i'm good either way you turn it around. You're right about people getting in green with their bitcoin investments, and that will only get better with time, unless for those who sold at a loss..
cheers
I go by the same rule. I would never buy bitcoin if I didn't think that I would make profits out of them. That's the best way to go with bitcoin. Nobody knew how big bitcoin could be though so I could understand why people went for it.
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I don't think it's needed for anyone to know. Most people split their bitcoins over different addresses anyway. I don't think we'll every find out.
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It's possible but I don't think it will happen. If it does happen, I think it will bounce back up to $400. I think some people might buy more bitcoins if it goes below $400.
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I don't think so, I can't agree with you here. It's too soon we're not even half way to hit $2000. I think it will get to $500 - $600 in January.
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Well if I was you I just seek some help from some what. To help me stop my gambling addictions.
It's easier said then done. Some people need other people around them to support them to get rid of the gambling addiction. It's hard when gambling is easily available to you. You can just hop on your computer and start depositing money and start gambling.
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I have played lotteries but I never won anything big. I might by a new years lottery and see if my luck will change. You never know. I only do this like once a year. It's kinda slow if you're actually wanting to gamble.
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Nice picture It is possible to hit $500 before or around Christmas. We're really not that far away. All we need a little pump and we'll get there, who knows, maybe by the next pump we'll be able to hit above $500 and maybe reach between $550 - $600
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I think it's time to hold for now, either hold or buy. I truly believe that the bitcoin price will go up in the next up coming months. It's best to hold now and sell for around $700. That's when you start to make good profits on your bought bitcoins.
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People are probably starting to pump and wanting to increase the price of bitcoin to hit $500. It's not a bad idea if you got the money to invest into bitcoin. I would surely do this if I could.
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If you want to get a concrete answer then it is better to check if it is allowed in your country. Then if it is allowed then it should be safe, be sure with who are you dealing with and everything will be ok.
Yes true, you should always check to see if bitcoin is not illegal in your country, if not you should be alright. You won't get into too much trouble. You gotta keep it save yourself though, you're responsible for protecting your wallet and such.
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It will probably take forever, but why would you do this? Doing this succesfully would have a negative effect on more people adapting to bitcoin. They are more likely to hold off and turn the other way instead of joining.
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My worst mistake was not buying a couple of months ago. I kept holding off because I thought that the price would drop further down to around $100 something but it didn't
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I don't buy bitcoins periodically, usually i buy bitcoins when i think that the price is low enough to earn quick buck. And i estimate my calculations by reading bitcoin related news daily.
I do the same with buying in but I'm not looking for a quick buck though. Bitcoin is something I do on the side so it's kinda a hobby of mine. When I do buy and am able to make profits, it's tempting to sell and make those profits but at the same time, it's not necessary at this time. So I just hold for now and buy whenever I am able to.
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If you're looking to do this on the long term, it's best to save and hold. Up until the point that you can make some good profits. It's best to keep a look out on the value of bitcoin every now and then so you know when the best it is to sell.
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I mention it sometimes when I'm having some company over. Some like to hear about it but don't do anything with bitcoin. They are just holding back, I think that once bitcoin becomes more mainstream, they will start to adapt since they do have more knowledge about bitcoin.
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You don't trade at all. Seeing as that bitcoin is a digital currency, it's not possible to make any transactions without internet. So you can't trade, or withdrawal anything. Plus a lot business will fail because of no internet and we got bigger things to worry about when this actually happens. Money nor bitcoins will matter in this kind of situation. There's no need to make profits or any money if you need to survive.
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