Trading is not passive income. It's a risk job. Passive income is something you invest some money and earn by doing nothing. As neochiny said, trading requires fairly constant supervision, regular monitoring of the markets, and I would add luck. Yes, sometimes it's necessary luck to make profit, because the future price of coins is unpredictable.
I'm sometimes laughed so hard that people actually never know the meaning of passive income an just typing even with low knowledge. maybe they don't bother to use google search because all is already inside their mind. as you said that passive income is not working even monitoring for the sake to keep profit but the money will working for you. you just need to let it work and you can earn profit. |
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In the fiat money world banks many times ask for a collateral especially if the customer belongs to high credit risk team or the loan is high. So the customer must sign many papers and must have something like a real estate property as collateral in order to take a loan. If he cannot repay his loan, then as anybody knows, customer has many bad consequences including in some cases the loss of his property. In the bitcoin world I can't understand why people want to loan without a good feedback, say trust or without collateral or escrow service?
In online world everything is based on trust. collateral such as some website account is really not worthy to be honest. they're hardly can be sold and really vulnerable of hacking if the owner know how to get the account back through recovery account. that's why online loan is kind of risky business and like a gamble. the percentage of being repaid is quite fair compared to unpaid. so only lend what you can afford to lose |
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One currency system is not possible other than digital transaction, because each country has its economy based upon currency value. When ever country starts using a single currency the economy of country gets affected based upon the holding of currency. In such instance small countries gets much affected and storing of black money will be easier.
That's right. the wealth country with many natural resource could reserve the big percentage of the money thus they got profit when the value is increased.the rest countries which are poor will only have a little percentage of those money so they will remain to be poor forever. one currency looks good but not possible if this world want to annihilate the poverty |
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just one more week until Christmas... dont think we will reach $1k.... $800 maybe....
Yes, I think so, only one week not could probably could reach $1,000. It looks like this will occur in 2017, however this is a good time to buy a bitcoin, I'm sure the price will continue go up. I'm losing my hope now that the price of bitcoin will reach $1,000 before the Christmas eve. So my another hope is to accept the fact that bitcoin is possible to reach $800 before the end of the year. And let's just hope for the next year to come that bitcoin is going to reach that $1,000 mark. The bitcoin price could just reach over 30% in just one night as you can see from the past statistic that this ever happened. you might already lost your hope but the chances for bitcoin still there. even though bitcoin is not going to make a miracle but the miracle will probably coming. just wait and see what's gonna happening to the bitcoin's rate and may we surprised when something big happened |
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I could no find anywhere neither as rumor about a small crash. I don't know if OP lives in a country where btc is banned and may be there would be an issue with buy/sell this. Moreover because I live in Europe what to say about the civil war in western Europe? Maybe some links from OP would be a good start.
Even if OP's country was banned bitcoin then it wouldn't definitely affect the buy/sell activities. the price rate would follow the international exchanger's current rate. maybe some people would have a hard time trying to sell their bitcoins or makiny a buy/sell activities because probably the site they were supposed to do that activities was banned by the government but nothing might changed |
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There are a lot of dark marketplaces these days but you should not trust them at all because they are full of scammers these days, its not worth buying on there.
Neither don't ever get involved to have transactions there. That is because most of the people there are doing dirty businesses and don't get fooled by any person there that tries to have a conversation there. The old dark market places are even good enough unlike these days it is full of sh*t out there and its reputation is totally black. Yes if you don't have a valid reason to go to the dark web then it is better to not do it since you never know, I read somewhere that governments keeps logs of who connects to the Tor network so you will just become a target for investigation. I think that's only in 1st tier countries while the rest governments of 3rd tier developing countries don't give even a single shit. they don't care whether their people are surfing in the darknet or not. they just simply doing what they need to do as for example about blocking some sort of site that's could threaten the current government or etc. though, it's very hard to detect someone in 3rd world countries |
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I don't agree in the number 1 of the OP's first post. Because not all new company can pay you, I have encountered once, after one day of existence they are not paying anymore. The strategy should be like this, if you have already made a deposit and get the profit don't make a second deposit anymore.
That's right. and even if you do deposit once and after get profit you don't deposit again you still have the chance to be scammed on the first time. HYIP aren't going to pay a big investment because they will only pay a little investment to get more profit from it. so actually depositing even in the first time won't really work.just get away from this my advice |
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Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Sounds like something a scammer would say after a successful scam.  You just made me laugh. Yes, quite true this is what all scammers would say to their victims after the victims lost money in the process. As for trading, losing is always a probability that is we have to follow some proven strategies to minimize this possibility and to increase the likelihood of winning. I'd agree that saying losing is part of succesfull a bit silly. when some traders out there always keeping them from losing by saying this thing is like " i don't care if i lose because i will eventually success" that's really nuts. whether they will success or not is uncertain and we can't predict the fortune. losing could be part of success and also could be part of bankrupt |
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Gold will never lose its value and is the most secured investment as of now. Bitcoin prices are not trustworthy unless you can have patience to hold for years but gold can be bought and sold at any time and the price always increases. USD too fluctuates very rarely and there is not much scope to earn profit when you cash out.
When you have gold you need to sell it on gold stores or find someone special because you can't exchange it to money just everywhere. it's definitely can't be sold anytime and if you have so many gold you need to make a planning to keep your gold secured,whilst with bitcoin anyone in real life can't see what you're going to do and you can just exchange it safely in known exchangers which is trusted |
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I think bitcoin will not be popular because many people are being attracted to it because of it's price variation only, many people have strong belief that it will give good return in future because it is not stable like fiat. Really if it is stable like fiat no one will attract to it. Now bitcoin has large communtiy from different part of the world this user base may increase in the year 2017 so definitely their will be a good future for this bitcoin.
You are just seeing one side of the picture here. And as I guess yours is a traders/investors view due to the belief that once bitcoin is stable it will not be popular. Yes it will not be a popular to people like you, but lets zoom out the scenario. Bitcoin had attracted many people especially investors and traders due to its high volatility but because of it, merchants or store owner are hesitant to accept it because of the fear that they might lose a profit when price of Bitcoin shifted. Having lots of people attracted to bitcoin and all of a sudden bitcoin price became stable, so trading therefore is not profitable, but the fact that there are already lots of people holding bitcoin, and being stable in price will then make this merchants to accept bitcoin. So bitcoin holders will then have more store where they can spend bitcoin. And usage of bitcoin will be promoted and the economy of bitcoin spending will boom. This time bitcoin will be more popular to merchants and users who does not want to use Visa, paypal and other payment processor will now adopt and use bitcoin. Bitcoin is a currency and normally it should accepted in many stores around this world and not only become an investment. The unstable bring both bad and good side. but for now those bitcoin spenders are only a little compared to the traders honestly if it was from my point of view. as i've seen that majority only spends it not so often as when they are using the fiat. it's being used for minor transaction |
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I remember bitcoins trading below the 400 dollar mark just last year and today the price as almost doubled thanks to the halving so I guess its a good crypto move
There's many factors and not only halving. as i know that the price were affected by halving happened even before the halving occur and at that time the price was increasing rapidly whilst when halving just occur the price stay at the same rate. i think that what makes bitcoin price about to reach $800 is because some factor but not halving |
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I was thinking about this, what if the US Dollar crashes like speculated by many renowned economists around the world?
What will be it's affects on the beloved currency, BTC?
I don't think that it will happen because USD is the unit of about every currency at international level that making the USD more powerful . So usually daily increase in the value of btc instead of Down . It can happen because US now is on a big debt to many countries and private institutions. And if this happens, then the world government will find a way to have another currency that can be reliable for the world economy. I am thinking about Chinese Yuan will replace the position of US government, no doubt China has good economy. The US may be in debt, but that doesn't mean they're close to collapsing. They're being pushed towards collapsing because the US has served its purpose for those who own the politicians, banks, etc., and the US is losing a majority of the value it used to have. It will likely continue for a long time, but it is definitely being tested. Hillary would have ensured that the US would have devolved into a less-productive country (note a lot of the survey after the election), but Trump presents a wildcard. We have yet to see what happens. yes it will continue for a long time. but USD is in its full flash and is the king of all currencies, and there is not such big issue related to USD therefore there are very less chances that USD will crash, Have you read the recent news? yuan is now becoming stronger than before and will be a potential threat for USD and could take over its place. china is now growing significantly and if they are keeping this up or even getting better and better there's a chance that USD will become no more king of all currencies but yuan will do. US government may thinking about it but it's just the matter about the time until it's proven who deserve to be king of currencies in the future |
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I think fiat cannot be completely replaced by Bitcoin just because, not everyone will accept it. Some countries banned Bitcoin, and some accepted it also, so you wouldn't really know how it would end in the future, but there are just some people that just don't take new types of systems.
And the reason for it is bitcoin cannot be controlled by the government and take note even the world bank can't control it. So, how much more if your local government will try to make their fiat replaced. They will not risk their old way of financial system and being replaced by a new one that is full of speculations to be good. Losing control of the currency means a lot more than just not being able to control how valuable the money is and when the government can print it; it also seriously impacts the freedom of the individual and when the government no longer controls the value of their currency, people become free. They are no longer slaves to inflation, and their work always has the same amount of value. The absolute bane of bankers. When government lost of control of the value of their currency. the economic will be doomed and it's right that people will become free but after that they will suffering inside the difficulties of being overburdened by such an awful economic circumstances. lost of control to the value of their currency is not that simple, many factors can be affected and may make the country destroyed because economy is like a core in a government |
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Bank can trusted but as for bitcoin is one currency that can not be trusted with the bank because they can always have their way in control of it so i really can not trust the bank over some a month of money but i trust bitcoin over all transaction of money it is fast and is very easy anywhere you can do your transaction
I think there are some banks that was never a scam most of them collapse or owner brings customers money and go. but if you use a bank have the government, I think it would be quite safe. because the government will surely be responsible What is the difference about scamming and running off with customers money? it's the same. and you are right, only use bank that's owned by the government and honestly i'm also only using that kind of bank to make sure my money was safe. the bank can't running off with your money but if you are doing illegal things and bank caught you, your account probably will be frozen |
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life is full of fear and for one to make it in life you have to overcome fear and for any one to get involved in any business you have to know the in and out of the business before you can start it up because that will give you the confident to overcome your fear of losing your money in any business you do because the main aim of any business is for making profit.
Fear is really a normal thing or emotion that will come out when we are talking about investments because we are talking about money and we all know that money is valuable for us and we are really afraid to lose it thats why we should really prepare ourselves on this matter and we should really take risk to earn money because if you let your emotions overcome you then theres no development into your plans. We are humans and fear is one of those attributes that makes us humane. No matter how hard we try, we can never eradicate it all and best a trader can do is to bring their emotions in check. The other side of the coin is that fear is often the reason we did not take a step that went on to become a disaster. Fear often puts us on alert to be cautious,to evaluate and re-evaluate one's stand before taking a side. that's true if fear sometimes help us to be more careful and thinking more than twice before taking a step that make us could avoid disaster and money losing. we don't need to overcome the fear of losing money but control it and always being cautious of everything because fear is the only thing that sometimes make many people really cautious about the current circumstances |
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To be honest guys. Its so close to being real that on thursday I have a meeting at the bank. Going to get a mortgage on my house and im using all the money to buy as many btc as possible.
That's serious.
You got balls dude! Let's just hope this thing called Bitcoin don't implode. It wont. It's too big to implode now. If this was 2012 it would have been a different story but bitcoin has a long history now and its only going to get longer. But yeah, I got some big balls. Yeah we are not near to the required adoption level. With the current user rate reaching such a huge price of $5000 is really impossible. When continuous adoption happens we might touch $5000 but it needs long time than the targeted year of 2020. It's not only depend on the adoption because those early adopters may not so active thus the demand of this coin won't increase significantly unless the adopters were massive and about millions in just short time (5 years) . even if in 2020 i'm still not sure that bitcoin might touch $5000 dollars, the price are always dumped and pumped when the time is come in order to gain some profit but the people who just use bitcoin for spending can do nothing |
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It was Dec of 2013 when there's a huge drop in BTC price, from $1,082 USD on December 01 then dropped to $655 on December 25 2013 that's a $428 drop or 40%. While on December 01 2014, BTC is being traded at $377.63 USD then dropped again to $324.94 or 14% on December 25 2014. At least on December 2015 there's a jump from $372 USD on December 01, 2015 and it increased at $455 or 22% on December 25 2015. i would be a happy camper if I see a 15% increase by Christmas eve  I think that people in 2013 were in desperate need of money for the sake of christmas and fortunately the price was so high that they don't think twice to sell some of their bitcoins and the current trend also attract those who worried about the falling of the price and because of that the price were falling down very fast. too high price sometimes bring fear, but let's see what's will goin' on in this christmas. maybe we'll following the current trend which is buying |
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Accepting bitcoin as a mode of payment is still far from reality in my area as only few people knew about it. But i hope someday that digital currency will eventually be accepted here as one of mode of payments in some business like load retailing and in the internet shop.
If a store near you accepts bitcoin i think that is the time where many peoples in your place will get curius about bitcoin. And thats the start when they will use bitcoin in your place The question is how much people could figured out that the shop is accepting bitcoin and how much of them will be interested or attracted to search about bitcoin furthermore and wanted to know about this thing. i think that if some store accepting bitcoin but don't want to publicly show off it then people won't know if they're accepting bitcoin or will attracted by it either |
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I think the tips you gave is not to invest in the real company but to HYIP website, if you invest in HYIP website I think it is difficult to avoid scam, because all HYIP webiste will be heading on a scam, so better not to invest there, even on the webiste cloud mining, it would be better if trading or investing in something real
investing on real company is about how you can see the benefit,future,and the chance of success. i conclude that by saying real company so the company you're going to invest is trustful and not going to scam you so you may only thinking about the projet. if the projects are fail then you will lose your money and if it's succes you might become a millionaire. simple as that |
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Also bitcoin or trading sites is very accessible to anyone and doesn't require some legal infos about yourself.
With bitcoin, verification is not mandatory as against forex trade, where almost brokers insist on knowing their customers. That can be understood from the fact that forex trade revolves around fiat currencies and they always wants to be in control. Security has it's price. you can always find a Bitcoinlike non-regulated Forex Broker, but I don't recomend this I would honestly choose the most recommended forex broker even it's required to verify to identity because it's for the sake of my money and not going to go to shitty forex broker which often don't require verification. i don't do anything illegal and i'm sure that those identity will be stored safely as long it's known forex broker. not going to doubt |
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