Hi, I was wondering if I should quit my job and focus more on bitcoins? Because I think it might get me even richer without a job?  Why can't you focus on both? I think it is always preferable to have a steady source of income which will keep you going through the difficult times and also focus on bitcoin during your free time so that you can earn extra money and save it. While your salary will take care of your daily needs, bitcoin will help you save and make a bigger size of wealth over the years. I do both. I have a day job where I earn a decent salary compared to my age and I also trade during my free times and mostly during weekends. Whatever bitcoin and altcoins I earn, I simple save it for my future. |
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It's not impossible to reach that price level especially with Segwit activate, bitcoin network is expected to more efficient which is more like draw more investors into the market. So the market cap is also expected to increase, which will further increase the price.
Bitcoin already broke in to the 3000 USD price barrier earlier but couldn't hold that price and came down. However, expectation is running high for August 1st and I think by the end of 2017, we will be able to break through 3500 USD price limit. Keeping my fingers crossed.
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Hello community,
I know there are many other similar threads like this but I could not find an answer to this:
Given, you start now (August 2017) investing in Bitcoin and the current price is somewhat around $2.500 and you want to "hodl" (just hold it in your wallet, do not gamble or trade). How many USD do you think you need to invest in order to become financially independent (millionaire) in 8 or ten years from now?
- $100?
- $1000?
- $10.000?
- more?
I know that if one has had invested in 2008 or 2009 when the price was low he would be rich already but I have no time machine :-)
So honestly, what do you think? Is there really a chance Bitcoin will increase that much in value again like in the past? Or has it already passed its zenith and newbies should better stay away now and focus on Altcoins instead? But if yes, what Altcoins exactly have a great future in your opinion? Ethereum? Dash? Antcoins? Shitcoins?
Thanks so much for your opinions!
Well, that's very difficult to say because we have factor in the inflation rate as well. Because the value one million dollar holds now, it will not be same after 10 years. The purchasing power will decrease over years and you will be able to buy less goods using one million dollar compared to what you can buy today. So that's a big calculation. However, I can say that, investing in bitcoin can give you at least 25% return in a year. That's the minimum I am talking. I have got more than 100% return from just holding bitcoin from last two years. so the percentage of return can increase as well. There are lot of calculators available online which will let to do the calculation with 25% return. |
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Crypto is now a $100,000,000,000 market. Congratulations to all believers and hodlers. How high can this nascent market get?
That's a great news indeed. A major milestone crossed and I am sure this is not the end. It will take time to reach the next milestone though but we can't really assume how far it can get. The market cap of bitcoin and ETH alone can beat the GDP of few countries and we have around 1000 different crypto currencies. The more the merrier. The more people will start using bitcoin, the more the market cap will increase and it can fetch any value which may not be understandable by normal people like us. It may go beyond our imagination. |
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I just heard that they tried to run away with approximately 66k bitcoin. It's good that police were able to track them down. But I am sure the legitimate bitcoin owners will never get back their amount and it will be seized by the government to fill up their treasury as unclaimed funds. It is really a sad news because due to these kind of scammers, the reputation of bitcoin is in danger and general people will think that bitcoin users are mostly scammers because they don't get to look at the bigger pictures. |
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Hey, I am 15 year old and wondering if i can have signature campaign as job, imo yes, because i completed 2 signature campaigns (mobilego and zrcoin) and i got 808 mobilegocoins which is worth about 800 euros, and 54 zrcoins which was worth about 50 euro. What do you think?
Sorry if my english is bad, It is not my language. Sometimes I might mean things other than I wrote
Edit 1: I mean this as a job till I am older and have a full time job, if I have a fulltime job, I will keep this as a side job (if it is still possible)
Having signature campaign is a good way to earn some extra cash but it is not a replacement of a real job. Since you are still young and probably living with your parents, you can bank on it to earn some extra pocket money to spend for yourself without bragging for money. However, never underestimate your studies. Study well and once you have a real job in your hand, keep this as a side income. It is good to have some extra savings because you never know when you will need cash. |
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Hey Bitcoiners? I'm desperate to start earning BTC
I'll do any kind of online activity as long as there's a Bitcoin payment. Where do I start?
The best way to earn bitcoin without investment is to join a signature campaign. However, newbies are not preferable in any signature campaign so start building up good quality posts to rank up. Once you become a Jr. member, you will be allowed to apply for a signature campaign. Once accepted, continue posting quality contents so that you can continue earning from the signature campaign. Once you have money in your hand, start with trading and gambling which will further increase your income. But as of now start posting quality contents so that you can rank up and accepted in a signature campaign. |
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I really like the thread OP had written. The most important thing is patience for a trader and the capability of taking the hit from the initial losses. When I started with my trading, I had also faced a lot of losses. I started with a small amount to understand the market dynamics and faced losses.
However, gradually I increased the amount and started making good amount of profits. Currently I easily earn a good amount of profit during my weekend trading sessions. If I was disheartened from my initial losses, I would have never seen my current days. So have patience and keep trying.
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When BTC dump to 1900 , it was panic selling. Many people feel uncertain about Aug 1. But now the vote show that 80% miners vote for SegWit. It means that there is a fixed situation after August 1. ALthouh there are big blockers who opposed Segwit , the percentage is about 20. They plan to split the chain and build their own network. 80 % miners who vote for Segwit give assurance to the bitcoin holders that there is no crash after August 1. Most people are affraid of crash when voters who support and oppose 505 balance. The bitcoin become zero value. Now you can see the price now is 2700. https://www.cryptocoinsnews.com/segwit-reaches-80-of-the-hashrate-likely-to-soon-activate/True! there is a lot of confusion going around for August 1st but I believe no impact will come to anyone even if there is a chain split. 20% of miners are acting greedy but I believe eventually they will also agree to join Segwit after seeing the good side of it. I was telling people to buy more and more bitcoin when the price had gone down to 1900 USD level, now look at today's price, you will understand how much profit they would have got. I myself bought some bitcoins during the price was running low and I am already sitting in a huge profit. People will have to think positive about bitcoin and then only positive thing will happen. There are a lot of people around who tries to discourage people from bitcoin because they want to buy it cheaper. Don't listen to them and invest in bitcoin. It will be rewarded suitably. |
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I noticed many pro government Regulation of Bitcoin popping up everywhere thesedays it makes me wonder whether fellow Bitcoiners are in support of these people or more focused on accumulating more Bitcoin & Altcoin.
Would Satochi be in Support of Regulation? Are you in support or against?
Bitcoin is money and money is power. Very few governments will support that move. Governments will never want a free flow of money in to their economy or in to the hands of their people if it's not regulated or generated by them. Also the bankers would not want that to happen either. So government will frame such regulations to curb using of bitcoin and not to promote that. I think that's what decentralized means. That no one will regulate the cash flow or the generation of bitcoin. Only a worldwide cumulative force can do that. I am earning in bitcoin from various activities like trading and signature campaigns and also I disclose my earnings in my annual income tax returns. I don't think I am doing anything wrong. |
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hello!
according my vision bitcoin is in high price assimilate last years , and there is many alt-coin still profitable more than bitcoin like ETH an LTC
so could we say bitcoins overrated for investing ? if not ,what was the best price for investing ?
are alt-coin better than btc in trading ? why ?
i create this topics to get your advices to start my own investissement ! thanks for replying
Why not both? Bitcoin is adored worldwide and the highest grossing crypto currency ever. On the other hand, ETH has come up to become a worthy contender, not in pricing but surely in acceptance and market cap. ETH now has the second highest market cap after bitcoin. So why don't you make use of both of them. Both are good for long as well as short term investing. I mainly arbitrage so I don't really use any altcoins. I use only BTC/USD pair. So can't tell you about altcoins. But there are lot of coins which are good for long term investment like ETH. I have bought few ETH few months back and I am planning to hold them for some more years. Because I have a positive outlook about ETH. Study the market well, and I'm sure you will find a lot of altcoins worth trading. LTC, Ripple, Monero to name a few. |
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A printable "Paper Bitcoin" that can be exchanged for goods and services would be a great idea?
Imagine people being able to have stack of paper Bitcoin and used them whenever they want.
The Paper coin could use barcode or some security features that can't be faked and can be verified with smartphones before they are accepted or exchanged.
Paper bitcoin can be a disaster for the entire crypto economy because paper money is easy to fake. Scammers will flood the market with fake printed bitcoin and a lot of negative impact will come on to bitcoin. The price will crash because of the fake currencies and the investors will have to face a huge loss. Also the idea of printed bitcoin doesn't actually goes with the outlook and goal of bitcoin. The goal was to create a decentralized and digital currency so that we can eliminate the need to printed money. SO I don't think printed bitcoin will be a good idea in any way. |
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Is it possible to make 1 million satoshis per day with 1 bitcoin?
It's pretty easy to achieve through trading. I don't know about any other method at present. Trading is only way from where you can earn even more. But don't fall pray to ponzi schemes who will promise you to return 10-15% of daily earning because they are all scam. They will eventually run away with your money. So try trading with 1 btc initial investment, but start with a small amount to understand the market dynamics. Once you understand the game and the market dynamics, definitely you will be able to make good amount of money like I do from trading. |
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If a country entirely phased out cash and replaced it with digital currency would it become destabilized?
No and No! Definitely not at the current situation! Firstly if the government phases out fiat money, then all of its citizens need to be technically sound to be able to use digital money and technical infrastructure needs to be improved. So only few and small countries in the world will be able to handle this. Like Japan, Hong Kong and Singapore. But for countries like China and India, it will be a disaster where only a handful percentage of people are tech-savy. Instead of moving in to a digital currency, it would be a great idea to move towards digital transactions. Instead of cash, people should be encouraged to use cards. That is the first step to be taken so that the economy doesn't have any bad impact. |
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Well, he is speculation and investing in bitcoin since a long time now. I remember, he also proposed a plan about a 10 PH/s mining farm earlier. However, the price he mentioned about feels like over speculating and over valuing bitcoin. Because to reach that price, bitcoin market cap should be more than the GDP of USA and that is really tough to happen. So I am not believing that bitcoin will ever reach that milestone, but yes, bitcoin will go up much higher than its current level for sure. So whoever is planning to invest in bitcoin, please start now or else you may loose a bit from your future profits. |
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...
I have looked over several threads here at bitcointalk, and it looks like SegWit is slowly being implemented (or planned for, or whatever) AND the price just ticked to (about) $2300, some $450 (or more) off its recent lows.
This suggests to me that confidence is returning to Bitcoin.
But, this might be just a bear trap, especially if anything goes wrong around August 1.
The main attraction of bitcoin is its dynamic pricing. That's the reason why traders like this coin so much. When the price gone down past 2000 USD, it triggers a global alarm and people started buying heavily. The result is pretty clear and the market cap also gone up to 39 billion from 33 billion day before yesterday. 6 billion USD increase in a day or two is a big thing and I am sure many people like me are positive towards the future of bitcoin. A little confusion is still there about August 1st but I think bitcoin price will touch new heights after complete segwit implementation and will become an unstoppable coin. So we still have time to buy more. |
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"Suddenly, Bitcoin to Be Officially Legal in India" posted Jule 20, 2017 https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-indiaBitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures ( https://veratad.com/solutions/identity-verification/) in place. These areas will now fall under government regulation. Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild. "In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin." I really doubt the truthfulness of this news because I haven't yet heard anything about it. If an exchange is made legitimate that doesn't mean that bitcoin is legal in India. It is very much possible that government is gathering data of the reach of bitcoin in the country and after their analysis, they will probably roll-out a proper policy on bitcoin. I believe, there is no proper policy on bitcoin has yet been rolled-out. Also our politicians are old and unable to understand the technical logic of bitcoin. So they may be opposing the bitcoin's legal status. But a lot depends on them because they have the power. However, it will be great if the Indian government rolls-out a proper policy on bitcoin favoring the users. |
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What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin?  Because as we know that currently not many people know about btc or altcoin. If that happens, that will be good and bad at the same time for crypto currency market. If more people knows about bitcoin and start investing in it, the market cap of bitcoin or any other altcoin will be increased and the price of that coin will be increased. So people associated with trading and investing of crypto currency world will be benefited. On the other hand, the governments may step in to reduce the money laundering possibilities associated with crypto currencies by declaring it illegal. There are many countries where the legal status of bitcoin is not clear and hence people are freely using it. But if a government wants to curb the usage of crypto currencies in their country. It will hamper the growth of crypto currencies big time. So if the right people known about bitcoin it's ok, but if the governments know about it more, that may be a disaster for their countrymen. |
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I've heared that in some countries people have to pay the income tax after buying fiat for their bitcoins. Anyone faced such problem? If yes then how you deal with it in your country?
At one point of view bitcoin is an instrument for investment so ppl buy it willing to get income in their currency.
At the other point it is a currency and it might be used with a purpose of saving. In this case the tax would be stupid.
I believe bitcoin's legal status is not clear in majority of the countries and that creates a lot of confusion on taxing part. People are unsure about how to pay tax on bitcoin. My country is having the same status So I am disclosing my bitcoin incomes in my tax filing every year since last two years. having said that, I only disclose what I have cashed out in fiat. So my actual bitcoin holding I am not disclosing as I am not getting any income from it. I am disclosing only the amount I have converted in to fiat. I hope I am doing the right thing. |
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