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I use electrum as of now because when i searched the wallets that supported the BIP148 then electrum is one of them and based on the reviews and ratings that i saw, electrum is having a good rating and good review so i don't take any hesitation to download it and use it until now because i feel safe because of the features that electrum have that i can't see that other wallets have.
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I plan to hold my bitcoin once I have earned some. The spent the last bitcoin I had since I need money for some minor house repair. But now that , I planned to hold it and not to spend it for another 5 years. I have a feeling that holding bitcoin will give me huge profit.
5 years is a good time frame for bitcoin to hold because its price is like having a lot of potential to pump more in the future so if we will just hold our bitcoin and keep it for at least 5 years then we can easily get rich because bitcoin has a lot of potential in the future because it is like the future currency of the world for the next decades. If you are earning good to meet your life requirements and can make an regular investment on bitcoin, then just hold on it. Even five years or more whichever seems to be a better chance of earning good amount of profit. That's really true that a five year holding from now will be making a lot change in the lIfe of people who have been holding bitcoin. There is no doubt that after 5 years the price of bitcoin will at least 3x of what is the price now and that is a great return from our investment because it is like an easy money because we will just invest in bitcoin regularly, i choose regularly so we can have a great average price buying rather than buying bitcoin it in one shot because there is a chance that it might go down and you will just lose money. |
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There is no doubt that Bitcoin price will go more higher than its usual price. It is normal for the price to go down sometimes but after a certain period of time the price always go up exceeding the last highest price. I don't get bother when i see the price goes to 2300$ lol my expected price for Bitcoin in the year 2016 is only 1500$ because it was became stable for too long in 900$ but look at it now price is nearing 3000$ so for me price will go up eventually.
The ups and downs of bitcoin is normal for its market because it is decentralized and its price is only depending on the demand and supply and the only thing that we should do is to buy when there is a dump and just hold it for long term or you can have an option like selling it when there is a pump so you can have profits that you can secure. |
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If you want a retirement fund or if you want to secure your future then buying bitcoin or collecting it while you can is the best option for you to have a secured financial future state. Most of the people are putting their bank account savings in bitcoin because they believe that bitcoin has more potential than the interest which is very low in banks.
That is correct most of the money that i have in banks are now in bitcoin because i believe in bitcoin that it will become much expensive in the future and after at least 10 years, it will become a very expensive and after that, i will sell my bitcoins to buy the things that i want and have financial freedom and it is much shorter rather than other retirement fund or option. |
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I plan to hold my bitcoin once I have earned some. The spent the last bitcoin I had since I need money for some minor house repair. But now that , I planned to hold it and not to spend it for another 5 years. I have a feeling that holding bitcoin will give me huge profit.
5 years is a good time frame for bitcoin to hold because its price is like having a lot of potential to pump more in the future so if we will just hold our bitcoin and keep it for at least 5 years then we can easily get rich because bitcoin has a lot of potential in the future because it is like the future currency of the world for the next decades. |
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That is cool for bitcoin because it will make a huge demand for bitcoin because people from their business will get curious about the new payment option so they will find some information about it and if they will like bitcoin then they will accept it to their life and use it aside from paypal or any kind of payment system that they have and that will be the start of bitcoin dominance in that country. |
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How to get one?
All seem to be out of stock !!!
You can buy a trezor on there shop and they have a lot of stock for sure but the only disadvantage of having a trezor wallet compare to other hardware wallet is, they don't support a lot of coins and just a few selected coin which is a downside for me because i am expecting a lot of coin to be supported because hardware wallet is the best type of wallet to store coins so they need to support a lot of coins from the market. |
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Yes, i will give bitcoin as a wedding gift because it is one of the best gift in my opinion because they can have an asset that is good for long term and can give them money in terms of emergency and bitcoin is also an advanced currency so it will be easier for them to transact to anyone and get the benefits of having bitcoin. So i will definitely give bitcoin as a wedding gift.
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It took me 6 months to earn my very first bitcoin because i only deposited $10 to my account and buy some bitcoin and that $10 is my very first capital in trading and after of just doing the cycle (buy low sell high) almost every day then after 6 months i turned it into 1 bitcoin which is a very big amount for me because who can imagine that i can reach 1 bitcoin with just $10.
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The only plan that i settled for bitcoin is to just keep it growing for this year and the incoming years because i believe that bitcoin will cost a lot of money after a few years so having a lot of bitcoin is an advantage compare to other people so even though i don't have a lot of bitcoins then i can slowly grow my current bitcoin to a higher amount.
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If the government turns off the internet, it will not happen any online transactions in the world, and it will be very much a problematic system, because most systems currently use the internet, so not just bitcoin, even the airport will also be problematic.
Man, EVERYTHING will be paralysed. Modern world is so used to be on the net (which is appeared not so long time ago actually) that shuting down the Internet will become just a catastrophe. I also think that the whole world will be on a chaos if they will shut down the internet because almost all the people and businesses and other activities are connected in the internet and government doesn't have the right to shut down the internet because there is a lo of people will get angry of that and it will be a bad image for the government. |
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I will just make a paper wallet and transfer all of my bitcoins there and if my son is at least 18 yrs old, i will tell him about bitcoin and how to use it or redeem it then i will just trust him my paper wallet and i will tell him that just use those bitcoins if he really need money like in case of emergency but none of the less just hold it.
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For me the transaction time I was encountering was just easy and fast. Though we do not have here establishment that accepts bitcoin for coffee or foods. But we can buy cellpjone loads in a nick of a time. We can also transfer or encash our bitcoin in a short period of time. So for me bitcoin transaction here is easy.
Bitcoin is a cryptocurrency but it doesn't work like the fiat and if we will just spend our bitcoins to the basic things that we can buy thru fiat money then it is very nonsense for using bitcoin to that. It is better to just use our fiat money to buy things and not bitcoin because if we look in fees they are high now and it is like a silly move to just use bitcoin for regular activities. |
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No, I don't have 1 btc in my wallet at a moment as I don't have enough time to spend online to earn it and I had 2 btc in the past but I had to sell them as it was an emergency for me and was in need of money and now I don't think that I would be able to have 1 btc in my wallet as earning bitcoins has become very difficult now in compare to past and even the price has gone much higher which makes it more difficult to buy it with real money.
I think it doesn't a big deal if you have 1 bitcoin or don't have 1 bitcoin in your wallet because the important thing is, you have the eagerness to continue working to reach to that point or even higher than that amount. 1 bitcoin is not enough for person to have a living but i think if that person will continue to grow it or add some more bitcoin to it then it will be easy for him to become a financially independent. Just keep the eagerness to earn and grow your bitcoin and don't set low goals like 1 bitcoin, aim higher. |
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I've been talking about Bitcoin to family, friends and random people for years and nobody seemed to mind when BTC was under $1000. But now that Bitcoin has reached $2000, people are starting to realize that owning 1 BTC is beginning to be out of reach for the average person.
I've had more people ask me about Bitcoin lately and wanted help buying Bitcoins. What about you?
Personally, as of the moment, no one ask me since I begun bitcoin. Maybe they wonder where I got my money that use to sustain my everyday life. But they didn't hesitate to ask me and I really don't know why.  But when someone will ask me how and what is bitcoin, I'm willing to share my knowledge. Most of the people in your place is also the same here in my place because they don't know what is bitcoin and they are not familiarize to the tech savvy things online that can help them because the doubts always going first to them but just like you, if they will ask me about this opportunity then i will not think twice to teach them with my full knowledge and guide them throughout their starting stage. |
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Bitcoin will not end, it will change / evolve. We will probably end up in a similar situation to ETH and ETC where they had two chains for the same coin, it is certainly an interesting time but not something to panic about it is more of an exciting time in the evolution of bitcoin.
The only thing that we are sure is, bitcoin will have a new face after the august 1 and a lot of changes will be felt by the users of bitcoin like the new and improved block size which is capable of more transactions and it will provide a larger space and faster transactions which is what most of the bitcoin users look for because even i, i'm very pissed with the slow confirmation time and i hope this even in august 1 will be the solution. |
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If you really want some secured wallet for bitcoin and also for cold storage and long term then hardware wallet is one of the best choice because hardware wallets are encrypted and they are all decentralized so you are still controlling all of your money and it is in your hand, not in a site or app but in your hand so it is more like having an advantage for long term because you don't need to worry about the hackers anymore.
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Fees have definitely evolved and there is so much evidence to show that it has no correlation with price. Two days ago, the network was BELOW 2,000 transactions and I would have loved to test a 5 sat/byte tx but was unable to access my wallet then. But today, I made a transaction with 35.9 sats/byte and it confirmed in exactly 60 minutes - at a time when there were about 11,000 transactions. I paid about $0.47 cents for almost $900. That's just over 0.05% of my total. I chose a time that the network was relatively free, I chose to transact one chunk rather than several. And my fee corresponded to those environments. https://blockchain.info/tx/ab7b64a65de124ef55c2e09747a9c8dc433af8d4097cba8acf8d5469edbb8610That's fair to me by any measurement. That's pretty awesome. I normally pay 120+ sats/byte and sometimes I have to wait more than 1 day for the first confirmation. I'm not complaining because if I want it fast I pay 360 satoshis/byte and it is confirmed within 45 minutes, but when I'm in no hurry why to pay more? ) There is also risk for you because if you will pay low fees then you will have a chance to get stuck forever because the miners prioritize the people who got the high fees included in their transaction so if most of the people will just pay high fees then 1 day waiting will increase and you will experience more than 3 days or so, if you will just stick to save money from fees. |
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Bitcoin was created by Nakamoto for everybody but before using bitcoin you have to know the technology there is no way you can use bitcoin if you do not know the technology so if someone really wants to use bitcoin then you need to have the interest in learning it.
That is correct, most of the things in the world need to be learned or studied even the basics so we will have the idea on how it works and what are the things that we can expect in using bitcoin as a currency or investment. Understanding and studying bitcoin doesn't need a lot of time because it is like learning how to use paypal. |
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I think bitcoin will never run out because once it is mined it is mined already and no way you can unmine it, maybe 'when will the bitcoin goes useless or reach 0 value' is much better question.
No one can really tell what will be the future even though bitcoin is in the glory days. Maybe there is the best currency that will be invented that is more convenient than bitcoin and make it less value or even kill it, who knows.
Bitcoin will stay and it will be trashed unused when mined. He don't mean to say this like a water on a pond that will run out in summer, he maybe means run out when all the 21 million bitcoins we're mined but it is still in the far future. There are a lot of digital currencies that is made, but bitcoin is still at the top. It will take a lot of years before bitcoin will be mined out because it is not that easy to mine and it takes a lot of power of a machine to compute the algorithm and get the reward as a bitcoin and even though bitcoin will run out, there is still a lot of coins to buy that has more potential in bitcoin in the long term because of its features. |
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