I am curious of your opinion about if you have to start a bitcoin business from scratch today. What is the type of business will your start, even if any of this type of business don't exists at the moment? I know the typical business type on the market are : - Exchange
- Blog
- Lending
- Trading
- Selling stuff in bitcoin
- Freelance job in bitcoin
I think, I prefer to choose Trading, it is because if you really know the basic learning of bitcoin trade you can easily earn it by simply means of educating them or conduct a brief seminar about basic knowledge in trading then its up to you of how much your gonna ask them for a payment via bitcoin through skype group, or group chat something like. I am curious of your opinion about if you have to start a bitcoin business from scratch today. What is the type of business will your start, even if any of this type of business don't exists at the moment? I know the typical business type on the market are : - Exchange
- Blog
- Lending
- Trading
- Selling stuff in bitcoin
- Freelance job in bitcoin
I think, I prefer to choose Trading, it is because if you really know the basic learning of bitcoin trade you can easily earn it by simply means of educating them or conduct a brief seminar about basic knowledge in trading then its up to you of how much your gonna ask them for a payment via bitcoin through skype group, or group chat something like. The last 3 options are good to start Bitcoin business. Trading is the best and safe way to start your Bitcoin business. And if you become a pro in this trading you don't need any other thing to earn Bitcoin. And selling stuff in Bitcoin is also a good idea we can make a decent profit in this business. Last freelancer job in Bitcoin it will give good profit if you have any online work skills. |
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By the end of 2016, there were around 4200 Bitcoin-accepting merchants and storefronts in Japan, near quadrupling the total from 2015. Now, with the current progress in Bitcoin regulation made by Japanese authorities, the number of merchants accepting Bitcoin is expected to quintuple to 20000 this year. Indeed, good times for Bitcoin adoption are coming.
And imagine all the people that will come to watch Olympics? No more bothering about currency exchanging, you go to another country and you pay with bitcoins in any restaurant, you can buy something else, what a relief will bitcoin be for people that plan to go there and have bitcoins. I hope we will see some statistics after Olympics about this topic, how many people will spend some bitcoins in this shops, this will be a test for bitcoin. Yes, this will be a test for Bitcoins. And the tourist doesn't need to stand in front of currency exchange shops to exchange their currency. But I have doubt that is this real news or fake. If it is real then the local currency exchange they will get big loss in this business. |
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The final end of course bitcoin seen as a very good investment. the price is so fast up and down makes people interested in investing when the price drops. Well, I think many are waiting for the price of bitcoin is under $ 1000, so that they can buy bitcoin in large numbers.
Price has started to move up now so I don't think the price will go below $1000 in coming days as everyone is expecting the price of $1200 in next couple of days so if you want to buy then you can afford to buy even with today's price. In few days, I wanted buy some bitcoins when it reach 850$. I see bitcoin price in 950-990$. But I decide to waiting some days. Now the price increase more than 1000$. My chance for getting some of bitcoin with my expected price is losted. It is unfortunate. I think i will await more. I changed my decision. I will buy if the price will be 900$. I hope that the price fall to 900$. Yes it is worth to buy Bitcoin at 800-850$, Because at present situation the price will go down below 800$. I hope this full year the price will fluctuate b/w 900 - 1200$. So if you get a chance to buy coins around 850$, it is good worth, But I am not sure you will get chance to buy Bitcoins at this price. If you buy more than 1 BTC then this price worth. If you are a small amount trader then I don't know how much profit you will get. |
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Bitcoin greatly affects my daily life because it is a good source of income during my free time. It can help me acquire things that I need in my daily life.
if you're using bitcoin for work that of course it will change your life. much change will you get. because work in bitcoin will give income and payroll for you Yeah i couldn't agree more with you that working full job which will pay you bitcoin is good idea and sure it will give more money as the result bitcoin more change your financial life. But the matter is getting a that job is not easy, besides the vacant is limited it also need special skills bitcoin or IT related. Why we need IT skills to earn Bitcoin. We have lot of options to make Bitcoin. and if we make Bitcoin earning is our real job then it's wrong. We just make this as part time job. It will help to get our daily needs. To lead our life we have to do a real job. Becasue Bitcoin not secure than a real job. The value is high, so this is profitable if the value goes down? So don't depend on only Bitcoin. |
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Gambling and Investment is both risky but you can lessen the risk if you understand very well what you should know about them. You can't predict what would be the outcome so don't you ever always expect for the best because it may hurt you when something goes wrong...
Not Gambling and Investment is risky, every field of business have risk. It is depend on us how could we earn from our business. But i agree with you, don't need to think for the best forever, when we can't achieve our purpose, than it hurt us. But earning wise i can't suggest do gambling, I know everyone agree on it, gambling has a full of risk. But take a chance to play gambling, if you feel you are lucky. In investing we might fall but what matters is we rise every time we fall, we will learn in the long run if we are dedicated with what we are doing. This is a serious venture in life as we take risk, hence we have to make a good decision all the time and do not expect you will not fail because it's normal when you are investing. I would choose to invest because it's been my dream to be rich and I have tried in gambling and did not like the result. Knowing what to do after you've failed is a great thing. It's not always going to be colors and rainbows all the time, there would be rain and you can stumble. If you've done enough research in the things that you are going to do, then you could lessen the possible failure. That applies mainly with investments. The lessons you will learn from gambling would mostly be about wisely handling your bankroll, so you won't end up empty handed after a gambling game. With investing, the more you know and the more experienced you get, the better the chance of you making big profits Right, In investing experience makes you perfect, but in gambling experience help you how to handle your bankroll. Investment how much experience you will have that much profit, you will get, and you will learn all possible ways to make money in an investment. But in gambling there is no possible wy to make money only you learn how to handle your game. |
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gambling made to lose and try your luck so just give up to generate profit from gambling if no luck on your side you will lose all the money before profit. You can replace your main destination with gamble for fun it's able to treat your resentment of loss
It can be fun just for starters. But when you got hooked with it everything will change the way you look at gambling. At the end, you will think about all the losses even if you say to yourself that you did have fun however. Just the day you lose will never make you sleep thinking you want your money back and you are going to do it again thru gambling. Now after all that you can ask yourself. Is it really worth the time and money? Exactly this type of nights I had in my life. I felt many times like this. And come back and played again to gain back my lost but again I lost my money. When I started to lose my real money that time I realised that I am doing wrong. But now also I do gamble with my extra money, so if I lose that money, i will not hurt a lot. |
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Hi Everyone..!!!
Why are you gambling, you do it for gambling a living or a living for gambling?
Please share your opinion.
Thanks in advance.
I really think that gambling is only for a short time of fun or entertainment, We all know that it is a risky game and if you are going to make gambling for a living I think you would only lose your money, And it also goes to living for gambling we shouldn't depend to much on gambling even if we are winning mostly every game. Gambling for living or living for gambling both are a risk, and I do gambling to have fun and to kill my free time. I don't live for gambling. And I am not interested to lose my loved once and family members because of this gambling. What you told it's correct the gambling is just a game to get fun and entertainment not to make money. If you think that gambling will help you to run your life, then you are wrong. |
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That's a good question, because the individual who is not able to control himself should not even start playing it. I'm not a gambler, but if I were to play it would certainly be for fun, and putting just what I can afford to lose. That way it is easier to have self-control.
Yes, that is why I always calculated about risk losing money in gambling before play it, and not only on trading money management is needed on gambling game too. It protect us from large amount losing money in gambling and gambling game is not good way for making money except for fun. Well it's very essential that we have to have self control when it comes to money matters especially gambling. Losing control and not thinking about the consequences of yiur actions would later cause you or your family a lot of misery. People ruin their lives and their family's livelihood by not thinking about what gambling's effects will be if they lose control Self control is a must in gambling activities. Every gamblers should learn how to gain it. Failed to do so, will lead us to the very bad condition at the end. Even though most gamblers will have bad result at the end, but with the help of self control we can minimize the chance to go broke very fast. Yes self-control will not make us win money in gambling, but it will help us when we are in the crusial situation. If we have self-control, we can control our mind and stop our play not to lose more money gambling. If you don't have control, our greedy will make us lose all money in a single day. Sometimes I lose my control, but now I am ok I can able to control myself when I do gamble. |
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I have not really bought any bitcoin in a while, i have been mostly trading this last year. but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge. they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on. this is seriously restrictive to anyone wanting to get into bitcoin, like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off.  Bitcoin can be buy and sel to our market. It is hard to buy for the consequences that not easy to trade in dollar specially when prices decrease. In case of emergency then btc is low so you can't get a profit. The aiming to buy btc is to trade in local currency when it is high value or to make sure that they have a profit. Buyers want to buy if btc is low then thay save it until exchanges increase.
Buying BTC for local currency is too expensive, the exchanges will charge high amount of transaction fee. But making Bitcoin with any other work is easy. I never bought Bitcoin for fiat currency. I earned coins with my hard work. With that bitcoin, i did small trading and made a small profit. I don't like to invest my real money in Bitcoin. |
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I do not believe that teaching children what bitcoin is a good idea. Children should devote more time to education and games. You do not need to involve them immediately in adulthood
Yup, its better to educate them about money, they will automatically learn about Bitcoin if they are educated enough. I know few juniors of around 12-14 years of age, they play online games and compete in tournaments, many of them are being rewarded via Bitcoin, so they are getting knowledge about it automatically. Nope, it's not good to teach what is Bitcoin to kids. It may spoil your kid life in young age. Yes if the kids know at the early age what is Bitcoin. I am sure they will choose to gamble to make Bitcoin. Becasue they don't have the patience to make money in trading and investing am I right. And in early age, they learn gambling it will spoil your kids future. So think twice before teaching about Bitcoin to your kids. |
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trading is a form of investing.....among other forms.
This is important part, and answer on OP`s question in headline. This is same topic like what is the difference between investing and gambling, we can apply same answer here, gambling is a form of investing. Giving money and waiting for profit is investing, no matter in what you decide to invest end of story. Gambling is not a form of investment ,investment means that you are putting money where you expect a certain return and that wont happen with gambling as you really cannot expect any return if you looses it. So trading and investment can be termed together ,it is a form of investment where you trade your money for the best investment . Yes the gambling will not come under trading and be investing. We can expect some returns in Trading and investing, but in gambling, only investment returns depend on our luck. But Trading and Investing don't have much difference, for both we need good capital, Trading we need market knowledge and Investing we need the patience to make a profit. |
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For me, even bitcoin price will hit this big price fiat will still not be worthless. Fiat is still the main currency all over the world. Even bitcoin continously increasing users still into use to cashout using fiat. It will not be worthless, though.
You are right fiat will never become worthless in the real world. Without fiat currency, we can not run any business in the world. Bitcoin is becoming more popular in the dark web but not in real world. If the price of the Bitcoin reach $10,000 and still the Bitcoin is illegal currency in all country, then it is no use. First, the Bitcoin want to become a legal currency in all country later we it may be happening. |
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Bitcoin can achieve that price in future but not sure how long it will take to reach there and if your plan is to sell your coins at that price then it will surely test your level of patience as not all have that high patience to hold their coins for such a long time and most of the users will sell their coins even if they are making small profits from it.
People always say things that they don’t actually do, last year people said that I wait for the price to reach $1000 and sell, and when it reached that price they say I will wait until it reaches $1200 and when it does they still wait until they are stuck in a circle of greedy, try to stick to your principals. You are 100% right, and we can not control our greedy in a money matter. But I sold some of my coins when the price reached 1220$. I hold some coins to sell when the price cross 1300$ but I missed that chance when the price reached around 1300$. Now it's $980+ don't know what to do. Can I hold my coins or sell my coins. Will wait for some time if again the price goes down I will sell my coins. |
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This forum has a lot of discussion about trading just click the search button and read as much as you can to make you a better trader, my only advice is do trading with small amount of investment while learning then when you already know how to trade well then start investing amount that you can afford to lose and earn more bitcoin.
yes that is right, you can get any king of information about trading using this form. you can also get information about trading alt coin from different web sites and from yobit also. Yup you are right, this forum will give you full details about trading. And all types of currency trading you can learn here. But only this information is not enough to do trading you need some other skills to trade. That means you must know how to analyse the market price. And when to buy coins and when to sell coins. Just learning will not help you to become pro trader. Try with small amount trading real experience will teach more lessons. |
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I just tried a new Bitcoin atm that was installed about 5 min from my house. I purchased .10 BTC as a test and when I got the receipt after the transaction it had the current price of BTC at 1,300 a coin and it was less then 1,100? What gives?
Bitcoin is one of the most volatile commodities in the market today,it just happen that when you purchased it there was a price drop,but like all the other poster here,it will soon recover,try to check bitcoin price history for reference,I also experience that in my local exchangers so you should first and compare the current price in various exchange before buying. Most reputed exchanges will give bit high margin to buy Bitcoin and less margin to sell your Bitcoin. But the new sites will give your good margin to buy and sell your coins because of their site promotions. But dealing with old exchangers is better transaction fee is bit high, but they are safe. |
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I save Bitcoin because it gives me full control of my own finances. I don't like the fact that banks can take me from behind and hurt me repeatedly.The best for savings is BTC. Fun is lived everyday..
Good thinking. Saving coins for future purpose. But my opinion is instead of keeping coins in your wallet for a long time. Sell coins time to time and make money and save that money. It will help you in your future. Becasue we don't know the future of Bitcoin price. When you feel the price is high sell coins and make money and save that money. |
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If bitcoin completely gets banned in future then I think it will create an havoc in the minds of the people and will loose all their money and it will be very hard for those who have invested huge amount of money and it may even make them bankrupt and will become difficult for them to survive.
but i do not think that bitcoin will ever banned. Because the users of bitcoin are continously increasing and therefore bitcoin is becoming more and more powerful and reliable. i am hopeful that in future the governments are going to turn bitcoin as a legal currency. Now the Bitcoin is becoming more popular in digital currency world. But it's not possible to give assurance that the bitcoin will not ban in all country it may be happening in future, or it will become a legal currency in future. Anything can happen. If the Bitcoin ban people will use another currency to replace this currency that's it. Begining we face some problems, but later onwords we cvan adjust to other currency. |
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There is only one way experience can help and that is to know when to fold and when to hit. You have to know when to quit. You always against the house edge though. You cannot change that. However many sites offer a reduction of the house edge and sometimes have a happy hour where it is 0%
Have you tried to play during those happy hours? Any difference playing in a 0% edge? I have not played in a casino that has 0% edge so I am kinda curious on how it goes. Anyway, I do agree with you on the foldin, hitting and quitting. Experienced people know the perfect timing to do this. That line is good in Poker but never in sports where there is a house edge, you'll fold and quit but for sure you will be back again to gamble which you are not sure you'll get the same outcome again. Gambling was really fun when you do not lose more often and when you only bet what you can afford to lose, your experience will only help you to minimize your loses as you will be more matured to make a timely decision when you feel you are in bad luck. Well in gambling a lot of factors can affect the results of what you're doing during the game. Be it luck, personal mistakes, the kind of game you're playing etc. But i think experience can help you more prior to the actual.fambling game itself. Being able to handle your bankroll smartly to minimize losses and maximize winnings would be where experience would play a big part. For beginners, they sometimes tend to place bets blindly through gut feel but the longer you gamble, you'll learn how to play your bets on the safe side there are some formats of gambling games in which your experience your skill with good knowledge and analysis also matter. for example in sports gambling you can make good result in sports gambling if you have some good experience in sports gambling. In sports betting sports, knowldge is more enough to make money in gambling. Here gambling experience not required. A newbie can play this sports betting is they have skills in sports. But newbie can not handle slot games if he doesn't have experience. IN slot games experience not help to make money, but it will help us to save our big loss in the long run.
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Giving up gambling is quite easy, when you don't have any money left to gamble with, You will eventually stop gambling.
It may be easy for you but not for others who are severely gambling and can't get out of that addiction. It's why many are keep on making new years resolution and will stop gambling noted on it. But in the end after a couple of days, they are keep on coming back, addiction in gambling is a cancer we all know about it. Who is a gambling addicted probably has traumas in life and uses gambling to escape from their own life. The person isn't sick because he is a gambling addicted, he is a gambling addicted because he is a sick person. Everyone has the capacity to think bigger, to have hobbies and dreams, life can't be so low and restrict to something like gambling... Overcome your traumas and you will overcome addictions. Usually those who are addicted in gambling are those who are emotionally weak, they cannot control their emotion when they lose a big amount and it would lead them to gamble more to chase for the loses. The more they are getting expose the more gambling become as a part of their daily activity and that exposure can easily make a person addicted, hence, to be safe we need to evaluate our emotional capacity and if we are weak we should not enter in gambling. Yes those who are weak and can't control your emotions stay away from this gambling. This will make people get big tension while playing games. If you do not control your emotions means you will lose all your money. And this type of gamblers will addict to gambling very quickly. They will struggle a lot to come out from this gambling addiction. |
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Im storing them into my bitcoin wallet for the price to increase then sold them all at once earning funds to make a good profit in the end is the best feeling at all and buy the item you want for this year. i always reach my goal setting aim is one of my favorite and not letting them to become my dream.
How come that you are going to make good profits if you are going to sell all your bitcoin at just one shot, maybe you could if you are going not to withdraw at once and wait until its next target hits, I mean only withdraw some of your bitcoin, because you don't need all of it, but if you really need it, then I guess it couldn't help. But if you are going to follow my advice that you should not withdraw all of your bitcoin at once, trust me, you could earn a lot of profits in the long run than you could ever imagine. Those who sold coins at $1200+ they all made a good profit in this year. Yes, see now the price is below 1000$. And we don't know when again it will cross 1200$. Maybe it will take some time to reach this price. So if you hold your coins long term, there is no use. Becasue we are not sure that the price will cross 1500$ in this year end. So now better-selling coins around 1200 to 1300$ is a good profit. |
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