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1 million usd for one bitcoin is too ambitious and I doubt that will ever going to happen. It would need zillions of market cap to reach that valuation which is not really realistic. I think 10-12k USD is still possible and realistic but not anytime soon. It would take 7-10 years to reach that value.
Bitcoin is certainly a great investment now because we have the chance to get in at a cheaper price. However, the transaction block problem is one of the major roadblocks for the bitcoin to reach that price now. Once it is solved, we will see a good appreciation by the end of this year which will make everyone happy for sure.
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I have a long experience with paypal as this payment processor was once the only way to receive my online income to my bank account. I have used it for more than 6 years for money transfers and I never had any issue with that. The only drawback with paypal, was the high fees and nothing else.
I can vouch that paypal had never scammed for a single dollar ever and I always had great experience with them. Since I now have cheaper options available, I don't use it anymore but they are definitely not scam.
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I think no. Because we all invest in bitcoin knowing the future prospects and nothing else. If I know that the price of a particular currency is going to be stable, I would not be interested in investing much. Probably a small amount will be invested to support the downfall of other investments. However, the bigger chunk of money would go to the one which has a great future prospect.
I think the dynamic pricing of bitcoin and huge future prospects make bitcoin the best and most popular crypto currency. If the price starts falling down constantly, then people would not take much time to switch to a different currency with better prospect.
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https://www.reddit.com/r/Bitcoin/comments/68nh7q/knock_knock_police_you_have_bitcoins/I think this deserves it's own thread, and it shows how much we need Confidential Transactions, CoinJoin, Schnorr sigs, Mimblewimble, and whatever else we can do to improve fungibility of bitcoin. The fear of ending up in trouble due owning BTC that may have been connected to criminal activity in the past is a very reasonable concern. How do we solve this? Tone Vays already said that he is pretty scared to sell his BTC because he doesn't know if he is going to end up having problems. The main post is now deleted so I couldn't read it. However, I read the first comment on this thread and what I understood that the story has been misinterpreted. However, many countries are not clear with the bitcoin's legal status. Some governments don't bother and some are still thinking. So it is not unusual to have enforcement agencies to crack down big transactions which is not suitable with someone's financial situation. If someone from my country did such transaction, may be the government did the same thing. But it's unfortunate to know about such incidents because we all are trying to make decent living with our extra income in bitcoin and probably saving for the future. |
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Whatever happened is not good for the bitcoin community. Bitcoin will now be seen as a crime for most of the enforcement agencies and if they start cracking down the innocent bitcoin users, then we are doomed. Most of us try to earn bitcoin legally and not by any other means here. But these hackers have made a bad name for bitcoin now.
The attack is widespread and almost 72 countries effected. This way the respective government will think twice before legalizing bitcoin now. Whatever the good reputation earned by bitcoin, is all gone now and more governments will now be aware about bitcoin circulation in their country. Not good for us!
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Certainly yes, bitcoin is indeed a very good way to make money if you hold it for longer time. I started earning bitcoin when the price was at 450 USD, and looking at today's price, you can easily understand how much profit I am making just by holding it. I have never invested by bitcoin in anything other than trading which rewarded me suitably.
Also if you have a plan to hold a good amount of bitcoin for a longer time, never keep all in a single place. Use more than two wallets including online and offline and keep them divided. So if one of your wallets is compromised, you will still have funds to survive.
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So if you have 1BTC now, what coin or coins you will invest your 1BTC? Will you invest it to a single altcoin?
In my case I'll invest it to my 5 favorite coins equally.
$STRAT, $ETC, $SYS, $DCR, $TIME
How about you?
Investing in a single coin is never recommended. You may loose it all if the coin fails. Also the trend shows that less than 1% of newly launched coins are actually successful. You may study the market trend of few coins and then decide accordingly. However, I would not invest my bitcoin in any other coins, because bitcoin has a huge upside potential than any other coins present in the market. Also I would invest a major percentage of that amount in trading with currency like BTC Vs USD or EUR. Trading is the only method which can give you a good return if you know how to play in trading. |
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What if POKEMON GO let people sell the pokemons they caught for fraction of Bitcoins?
Imagine this:(user loyalty reward program)A person caught a Pokemon and sell them for 0.0003526 BTC People who collects Pokemon can buy or sell them on the online marketplace. People from all over the world would have exotic rare pokemons for sell on the marketplace. Original Post:https://steemit.com/pokemon/@cryptocurrency1/what-if-pokemon-go-let-people-sell-the-pokemons-they-caught-for-fraction-of-bitcoins---------------------------------- I'm sure other augmented reality video games companies are jumping on board to develop 'earn while you play' video game loyalty reward system. I don't think this buying/selling concept is new in modern video game communities. People are selling game accounts since a long time now. I don't know about Pokemon Go, but I have seen people selling Clash of Clans and Clash Royale account in ebay. And the pricing is on higher side. So Pokemon Go would just be an addition to that trend and nothing else. However, till date I haven't seen any games which can be directly sold or purchased from the account. If it happens, that would be nice. The game company can work as an escrow provider so that the transaction can be safe and secure. |
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Just curious, since the Internet is mostly an Earthly thing... would astronauts be able to access and transfer their Bitcoins whilst traveling throughout the solar system?
Funny question. If internet available in the Moon, then why would anyone have problem in using bitcoin in space or moon? |
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I've just thought about this for a moment but, if we want bitcoin to get more popularity, attention or acceptance would it be nice to make some advertisement about it on T.V.? I don't know if in other countries they advertise bitcoin but in my country, I haven't seen one. How do you think advertising bitcoin will affect the people? Any thoughts?
Advertising bitcoin directly will may have an effect on the mass but who will pay out of their pocket just to advertise bitcoin as a crypto currency. Instead if anyone with bitcoin business, can advertise their business on TV. By introducing their business, they can start showing bitcoin as one of their payment methods. If there is no business to advertise, the advertiser will not get any profit from that. So why would anyone spend money on that? Not directly bitcoin, but bitcoin related business can advertise on TV which may have some impact. |
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A financial consultant Duan Hongbin who started investing in bitcoin in 2011 and altcoins in 2013 said the chinese cryptocurrency market is now all about speculation, especially in the altcoin market. price going up is just a bubble. http://news.8btc.com/the-cryptocurrency-market-is-now-all-about-speculation-and-a-game-of-moneyhe believes cryptocurrency is not the right investment for the middle-class. People who have nothing may give it a try, but those who are relatively rich should not seek high-risky investment. Plus, as the China Securities Regulatory Commission plans to fine the big three exchanges, it will be even tough to invest in this area. Crypto currency trading was always a game of speculations. Trading as a whole was always about speculation and nothing else. Investment always depends on the risk taking capability of an individual. So middle class or richer class doesn't matter. Middle class will invest only to the amount which they would feel safe, richer class may invest more as their risk taking capability will be obviously higher than others. Risk and investment goes hand in hand. Even government back investment instrument carries a certain amount of risk. I believe the financial consultant is just trying to discourage people from investing in bitcoin. Take calculated risk on bitcoin and I am sure you won't regret. |
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I really don't want to comment on what is better, because both method comes with with own pros and cons. Forex trading is an age old method of trading and I have seen people making big money from forex trading. It is also legal in most of the countries.
On the other hand, crypto currency trading is relatively new and we are unsure about the legal status of this method. However, crypto currency trading is relatively easy than forex trading. It is also possible to make big amount of profit from crypto currency trading. I tried to play forex earlier but couldn't make much profit. So I started with crypto currency trading and I am a successful trader today. It is easier to understand and play.
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Cash is always better than bitcoin because of its acceptance. It is accepted everywhere. On the other hand, bitcoin has a very less acceptance in real world. But bitcoin is excellent as an investment and cash can't beat bitcoin here. The kind of upside potential bitcoin has, no other investment instrument can fetch that much return in real world.
That is the reason why I prefer to have bitcoin as an investment for long term. I earn salary from my day job and I use cash for my day to day expenses. But I have kept bitcoins as an investment for the future. I am sure I will be able to make out big bucks from bitcoin.
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If I have 0$ at the moment can I make 100$ in 2 or 3 months? How?
What if I deposited 20$ .. Can I make them 100$ in less time?
You have posted your question in trading section, so I believe you are talking about the trading method. So the answer will be NO. Because, you need to have some initial investment to start trading. It can't be started with zero amount. So a deposit is must. 20 USD is not a big amount to start with and can be washed away of you play anything wrong. You need to have at least $70 to $100 investment if you want to make it a decent income. It can be started with $20 as well, but you need to be sure before taking a position. |
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In trading how do you know if it is time to still hold or is it the right time to sell? Do you go buy your profit margin or actually wait for the highest possible peak?
For example if you're earning like 10% of your investment, would you just sell or would you be interested in waiting and seeing if it goes more up so you could earn more, in doing that its possible that it may go down and you then earn like 5-8%
But what is your process in this? How do you go about hold and sell timings?
The trading method is different for everyone. It is based on the risk taking capability and the hunger for profit. Initially when I started trading with small amounts, I used to wait for 8-10% profit range from each trade just to see a decent amount. However, when I started with bigger amounts, I don't wait for 8-10% profit range always unless I have strong feeling that market price is going to be increased for sure. Now with the bigger amounts, I wait till 5-6% profit is reached and then I close the position. Due to the bigger volume trade, the amount of return also becomes bigger regardless of the percentage. |
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Another post for chasing wide goose chasing!! However, I have a strong feeling, that Satoshi is not a single person, instead it is a group of programming masters who created this path-braking blockchain technology. I am not saying that Satoshi can't be a single person, but it's my feeling about the mystery of Satoshi.
But I think it's high time that we should stop chasing Satoshi and concentrate of his/their innovation which has made many people rich. Because if Satoshi revels himself, all enforcement agencies will be behind him and he will have to spend the rest of his life behind bars. We surely don't want that to happen!
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A chinese btc holder Da Tou ( if translated literally, menaing" big head) shared his story, saying once you jumped in the world of cryptocurrency, there is no returning back. u spend time and energy, but still can't figure out what’s going on with the market. It is so complicated and so bizarre. He locked himself at home studying bitcoin all day. http://news.8btc.com/cryptocurrencies-are-sirens-luring-you-to-a-journey-of-no-returnhe said the point of btc is that it helped open a door onto a whole new world for us. I mean, I can’t find anything bad in it. We all work for money so that we can survive and sustain our life. So if bitcoin is showing us a way to earn money and become financially independent, then I feel being addicted with crypto currency world is far better than drugs. Now if you want to step up the career steps, you need to be smart working guy and you will have to devote the majority of your time to your workplace. Same goes with bitcoin. If you want success, you need to spend time with it. And if you see that there is a lot of potential to become huge, why would anyone return back? |
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I heard rumors that Uganda or some other country is adopting Bitcoin as its official currency. Does not make sense to me at all for a country to adopt a currency it has absolutely no control over. I am not 100% sure but I think they don't have internet or electricity down there. In any case, the Central Bank would have to first make a reserve which means they would have to buy Bitcoins first before just adopting it. Anyway, would be dope if some country officially adopted Bitcoin!
I am sure, this is rumor only and not a fact! Uganda doesn’t have the infrastructure to adopt bitcoin as its official currency. They may adopt bitcoin for transactions but not surely as an official currency. Because they don’t have any control over it and they can’t generate bitcoin as per the requirement of their economy. Not just Africa, I am sure no country would use bitcoin as an official currency. They can just accept bitcoin for their transaction by making it legal in their country. |
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hi;
i have 3000$ and what do you think? im going to buy bitcoins and i will wait for years last;
is worth that decision good ?
$3000 is good amount to start with but I feel the current pricing is not suitable for buying. Keep a constant track on the bitcoin price and buy at every reduction. Bitcoin is great trading instrument and whenever you see a massive price rise, you can expect the price will come down sooner than later just to strengthen the base and to go up again. So keeping a close watch on bitcoin price will help you to decide when to buy. Check the daily trends so that you can take more informed decision. |
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People new to Bitcoin may want to consider the 3 Bitcoin Rule (3% of total), since investors unfamiliar with Bitcoin have many stories involving mistakes of selling too early, or jumping in at the wrong time due to the panic of missing a trend. I met one of the smartest bitcoinaires at a meetup in downtown Dallas, who interacted with Satoshi on the bitcoin forums and was one of the earliest adopters. He sold his bitcoins to pay for student loans and felt regret at selling the too early, even though I would argue he made a good trade. However, seller’s remorse can happen and we can mitigate it by simply following this 3 Bitcoin Rule: always keep a minimum of 3% of your bitcoin total (so 3 if you have 100). In our minds, we’ve “lost” these forever, so we don’t debate whether we made a mistake when we sold some or not. Traders who have more experience may find this rule inappropriate, but for people new to bitcoin, this has done well over time. That 3 bitcoin rule may make sense to the newbies, but not to the experienced people who are tracking bitcoin’s price trend from some time. We can use this 3 bitcoin rule just to save ourselves from future regrets and nothing else. But may I know, why 3 only and why not any other value?? I regret that I didn’t adopt bitcoin at an earlier stage even after having such opportunity. Finally when I started investing in bitcoin, the price was standing at 450 USD. I could have made myself a millionaire by now if I had adopted it earlier. |
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