It's far from dead, as long as the devs can come up with a reasonable solution to not end up ruining it, which I think has very low possibilities of happening. We are still 0.11 version so we have a long way to go. Hopefully the blocksize limit problem is solved before we hit 0.2..
yes, there are some very encouraging and positive new developments happening in bitcoin all the time. Widely used by common folk or not, bitcoin is useful and remains full of potential. \ yes, and people have started to know about the bitcoins, and many of them have invested and already started to use bitcoins as a currency and that is a great news for the bitcoin community, so I think bitcoin is growing and would be alive for many years to come. |
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I wouldnt recommend savings at all.
Theres better investments that earn way more
This is pretty much wrong. First of all you should note that saving is not to be considered as investment. Saving is much about securing your money and investment is about getting interest from your capital. Saving could be deemed as a form of investment because you get an interest in return for saving however things are pretty much different because the interest that you got from saving isnt covering the yearly inflation rate therefore you are losing but the main point of saving isnt about "getting more" but for "keeping purposes" Saving is a primary thing, you cannot invest unless you save money for the future, each and every individual is not born rich, that he can directly make an investments with holding a great capital, for a ordinary guy saving is primary thing and investment is the secondary. |
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i am from Macedonia. In my country the minimal salary is 150 euros, with that kind of salary you can not save 20% because everything is expensive. But there are another ways to save money. You can do your shopping in the big markets and on every shopping you can save. You can also use the public transport because it is good way to go from a to b, etc.
Shopping from the super market is a good idea, as they have some promotional events where you can purchase your goods for the cheaper rates and that would save your money, and they have many promotional offers which provides you goods at the cheaper rates. |
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US dollar is going to die in 10 years.
Euro will die as well.
Bitcoin will replace them.
And in 20 years local countries currencies will be gone.
you are living in a fantasy world. wake up! what you say doesn't make sense. the only thing that makes a little bit sense is that the euro might stop existing. bitcoin won't replace any major currency. That's true, bitcoin can never replace any major currency, and when it comes to currency, I think USD is the king, no other currency can replace it, Bitcoin can never be a primary currency, its gonna be secondary choice for sure, no doubt it would be a mode of payment but not a primary currency. |
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If I ever get enough money, then yes I would go full btc. But I think that the success of the early adopters may not be repeated again so spectacularly. I think I can do ok, but I doubt I will become a millionaire from it.
it depends on how much btcs do you have at the moment... Exactly, it totally depends on how much bitcoin we hold, but if you want to have good amount of bitcoins then you need to give 100% of your time to bitcoin, and for that you need to quit your present job, at present I believe that bitcoin is good sort of extra income, so cannot afford to quit the job. |
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I believe that with 500 bitcoins is possible to stay quiet , although at the time about 150k dollars surely this value will win about 50 % in the coming years and can anticipate what to wait 20 years for such a feat , and may be only 2 or 5 or 10 years , would not be optimal to anticipate your retirement ?
500 bitcoins seems pretty comfortable if the value keeps rising and it just goes over beyond what we hope to see. although the waiting process seems a bit daunting for most, which id probably die in 20 years then it to see it anywhere. Yeah, 500 bitcoins is a very good amount to be in a wallet at the retirement age, As we believe that the value of bitcoins in the next 20 years would be something unimaginable and it would pay us the best returns of the investment that we have made at present. |
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To get rich, you need to work at least 16 hours a day constantly and that is not for 1 job.
And while you are doing that you need to search every better job opportunity there is.
I think i dont even need to say that you can not get rich by working for someone.
Build your own business.
absolutely right, build your own business... first make some money and invest on creative works. you need luck also. Haahh own bussines , need a lot of capital for its own business, while capital from where? Get from your mom ? Hahaha Yes, not possible for each and every individual to start his own business as it involves a great funding and a huge capital, so for an ordinary guy, it is only to start a job and perform in the best possible way, and try to save money out of his salary and keep it safe for the future. |
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I recently paid for some local tacos using Bitcoin. My friend who was unfamilar with Bitcoin thought it was strange, like I technically didn't pay for them or something. We got into discussing Bitcoin and one of the questions he asked me was:
"Why would you want Bitcoins instead of cash?". For a second I didn't know what to say; then I thought about it and here is what I came up with. Feel free to contribute to this.
1) More security (especially if you are careful).
2) Bitcoins are a potential investment, cash is not. Paper currency only really goes down in value, Bitcoins have a lot of potential to be worth more as time goes on.
3) Fast, worldwide transactions at your fingertips.
4) Similar to #3, but it's a universal currency. It's legal in most countries of the world and you don't need any kind of currency conversion to send money to people in a different country than your own.
Someone must have bitcoin instead of cash only if believe that bitcoin is an investment and its value will increase in time. For this bitcoin must not be spent but save in the wallet and possibly bought from time to time to have more. Yes people hesitate in spending bitcoins as they view it as an future investment, while cash is not an investment, people would freely spend if they hold fiat, but when it comes to bitcoins they would think twice before spending it as its value gonna be much more in the future. |
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Our "beautifull" banking system @ work. I ordered 2 nice pances from a tailor which I befriended in Thailand. I transferred 4000 bath (108 euro's) and ask the bank to let me pay for the transaction.... Boy did I regret that  The billed me for 32 euro's, only for the transfer, but now the best part, the guy in Thailand only recieved 3900 bath!? So eventhough I paid the FULL transaction, they still deducted 100 bath from this poor guy's account!! This remains the biggest chance for crypto. There should be a global organization dedicated to promote bitcoin as a means to transfer funds in low wage countries. This guy is gonna try bitcoin next order, simply because I explained it to him as a way to avoid those ridiculous high costs for creating numbers in a computer out of thin air... In short, how could we as a community promote this. If you look at the enormous marketing budgets from services as paypal or western union, with their same ridiculous fees, how can we make a fist to something like that? What are your ideas? Oh boy, banks.. The fees, ok i can understand it, every bank has similar fees but the -100 bath? That's actually robbery, you should have made a complaint because that is not fucking normal. Get rid of banking dude..Why you need a bank if you have a bitcoin  Just ask them keep shit out of it..I don't remember when I visited my bank last. I simply avoid their phone calls too, they keep on calling me to buy a new credit card..and I simply say them I don't need a credit card, I have bitcoins..and the reply from the other end would be What Is that??? |
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I'll choose Bitcoin as it's rate are much fluctuated in the past and I think of same for the future.
At present it is very difficult to judge that which product would be profitable in the future, but yes both of them have bright prospects and would give us good return on investments for sure. As a investment we think of say next 15 to 20 years and it would be at a different level at that period of time. |
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Honestly we can't compare something old & untrusted with something new & trusted. Mostly I still choose gold since their price is quite stable and mostly increase.
About bitcoin, it still need more time for being trusted ( because there are many negative issue regarding bitcoin )
But at the future, I think they (bitcoin & gold ) might be a good investment
You have a fair point. Gold and the gold standard have been used many times. Gold is one thing that held value from the day's of bartering. I do think BTC will gain more strength behind it in the future. The hard part is it takes education, and the more education the better off BTC is. Well both of them have their ups and downs, both of them have their pros and cons. Bitcoin maybe Is a "new" currency comparing with gold that has been for decades (or maybe more). But holding gold is enough good than bitcoin as it price changes so far. Both are good investment products for the future, Gold ofcourse most trustworthy then bitcoin as we are using it since its inception and people have more faith in gold but bitcoin is a future, so would love to diversify my investments and invest in both the products. |
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Bitcoin has given new meaning to my life and allowed me to live my dreams.
Very true, Bitcoin has added value to my life, I enjoy shopping more with bitcoin as compared to fiat or credit cards, Online shopping has become very easy with the existence of bitcoin. The person who doesn't have credit card can also shop online by using bitcoins, and that is the best feeling. |
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This is my first post. Please do respect
My post intention is to help readers to save their money.
Some of the employee are not saving their money. They spend it on things that they dont need. For example gadgets,buying a concert ticket, accesories, etc.Buying things that not they need is also like a wasting money. Because this thing give a happiness not a good life. Saving money is just like securing your future because your savings can help you in emergencies. These are the way to save money .
If you are empolyee. You must save atleast 20% of your salary. The 20% of your salary divides into two .
The 1st way : cash reserves- medical insurance, retirement, life insurance and if you not have salary yet. And emergency. But dont spend all of you 10% in this emergency. You must know if the injury is serious o not before you spend the 10%.
The cash reserves must equal of your 6 months salary this will help you and ensure you becauas of you loss your job you have extra money .
The 2nd way : investment, business- you can invest in some company so that you have a extra income. And you can also built a small business that will always have an income like apartment.
Example. My wage is $ 7.5 per hour and i work for 8 hours and i work for 20 days. So thar my salary is $1,160 . The 20% of $1,160 is $232 .
So that my cash reserves is $ 116 i can spend this money in emergencies and medical insurance.
If my 6 month salary is $6,960 i can stop my saving money in cash reserves.
Thank you .
The only real way to preserve the steam is to invest in something very wise, for example in real estate, and later to collect all the money you invested. I think it is very unsafe to keep money in the bank, also shakier still keep the money in a stack at home. Yes thats the way but we are talking about how to save not to grow your money, yes thats right its very unsafe if you save your money in banks its better to keep it or exchange it into bitcoin to avoid inflation in your money. Yes keeping the money into a bitcoin is a great idea, as you can convert it to fiat whenever you need, and also it is better and safe as compared to the banks. And the best thing is your fund is available to you 24/7 so even at the time of emergencies you can convert your bitcoins to fiat currency. Yes thats right and its there some advantage when you convert your fiat money into bitcoin, like you can earn some profit from selling your coins if the price is going up, like when you but coins with price of $270 and then came the day when the bitcoin price is $300 you can sell it then you earn almost $30 dollars. Yes I'm doing the same, I convert it to fiat only when the rates are high, which gives me a small amount of profit and also it adds value to my earnings. So I sell a part of my coins only when the rates goes high, and if not I wait for the right time. |
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I agree with the fact one should hold literally forever. The thing is, big bubbles happen and the opportunity to x5 your BTC by selling on a peak is always there.. but who wants to risk it? you not only need to nail it when selling at a peak, you need to nail it when buying back on a correction.
Just maybe one day it'll hit its eternal September and those who thought they were heroes selling off to buy back lower end up looking like dicks when it don't. Everyone's a trading hero in retrospect and market behaviour is ingrained until it's not. Everyone is optimistic so we should be like that. But we also should be based on facts that are happening these times to bitcoin. The price can go much much higher, but it is stuck there for a long time. Being optimistic is good, but you also cannot afford to neglect the reality attached with bitcoin, and the reality is it is too volatile, uncertain and that's the reason many people just ignore to hold bitcoin but selling a part of bitcoin is affordable when prices goes high but selling all bitcoins would be a bad idea. |
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You are requiring a bit to much.
A quote says find and marry a rich girl or a rich boy, and you will become rich.
Only one of many opportunity.
Lol..True.. If your father is poor it's not your fault, but if your father-in-law is poor then it is definitely your fault So I would rather find a millionaire girl and would get happily married and happily rich  It is 100% true, this is maybe the hardest way to become rich, but is one of them. And near nobody has that luck to become rich in this way that i said. Exactly my friend, it is near to impossible, as we have to believe in reality and the reality is the rich girl would definitely get married with a much richer guy, and this is not a movie, its a real life, so if you want to get rich work hard and act smart that is the only way you can get richer sooner or latter. |
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i think no. may be in another country there are any situations like that.
but, that is not in all country when they use it right?
cause for me, the price of bitcoin as long as time will be hight.
have fluktuation is a normal friends. but dead. is not.
Fluctuation would be a part of bitcoin till it exists, there is no alternative then fluctuations would simply disappear, but yes the fluctuations can be controlled if the adoption level goes high, and that would bring the stability in the price of bitcoins. |
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in the long run I'm more worried about unforeseen technical problems than I am with government actions.
Government will never support bitcoin, not atleast in my country, and basically the thing is the government in my country is not worried about the bitcoin as very less people are aware about the bitcoins, so it would take a long when there would create any issue in my country related to bitcoin and government. |
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Is it better to save money in bank or invest it online, in real estate or maybe gold?
I think it hurt to invest money in something rather than keep the money. When you put money into something, at most cases, steam can not fail you can not just be a win-win, keep this money, the value of money decreases and you can be a very big loss. So you are suggesting on keeping money? I think if you know how to invest and get a solid investment I dont think those will hurt you. Like you said if we are keeping on money without doing anything with it the value will decrease and you will suffer more than that. So get a good investment is the best for increasing your value and sure you will get some profit too and one more thing remember to diversify it to lower your risk on losing all of your money Keeping money in a savings account it pays a tiny tiny amount of interest. I would not recommend it as an investment. There are many regular investments that have less risk. If you talk to a financial advisor they can help with low risk, and not huge reward investments. That is what I said, I wouldn't recommend people as a really good investment. But nowadays people want to get a huge payout with a low risk investment which mean they dare not to invest big enough because they scare they will lose all of their money in investment. Correctly said, If your investment is huge you will get huge profit and ofcourse the risk factor will always associated with that, but with a huge amount if you invest in trading even the small fluctuation in price can give you huge profits. |
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I think this is still the best, buying account then join a good payout campaign is the best, no need to sell your account if that is profitable to you
with two btc you can buy at best 4 hero, which mean at least 0.5 per week but if they will be banned you lost too much, it's better to post few post and sell them again for a better deal, let's say 0.75 so you have your 2 btc back plus 1 more btc and the last bitcoin in posting with those account So why bothering buying 4 hero account? It is to risky for getting banned if you are not constructive enough. You can just buy one here account and focus on post a constructive posts to get more, like in your signature campaign bit-x, you can easily make 1 btc. And you can use the rest of your bitcoin on doing some investment or even gambling it because 4 hero cost exactly around 2 btc, and with more account you can reduce the risk of ban actually, because you divide or your post on many account, so there is a better chance that they will not be noticed, constructive post are also easy to make I dont think to diversify your posts is a great idea. It is just the same as you post all around with using one account is more efficient. And with only getting one account you still have spare your bitcoin and you can use it for others investment maybe so you will earn your bitcoin not just from writing posts because not all people will have time with writing all day long Exactly its better to have one account and keep remaining bitcoins for other investments. Holding more accounts would not make any difference unless you post a constructive one. If you have multiple accounts and if its get banned then it would be the financial loss which cannot be recovered. sry i don't agree having many account, even if one is banned you can still post with another and continue earning(yeah i know that this is ban evasion and should not be done ecc..), but besides this if you can post constructive post with one you can do it with four the difference is that 1 account that post 40 post per day will be noticed more than four that post only 10, also you have four account to sell in the future which mean much more money than just one I agree as other user, I think better have 1 account have a good quality post than has have many account but post like a spam. Also the forum looks for things such as this. If you did have 4 accounts posting 40 posts a day, that's 120 post per day. I imagine 120 posts is hard to have good content in. That is just a massive amount of posts. The forums looks at IP's so if you are doing this all from one IP I'm not sure you will make it through a week at 120 posts per day. It just seems like a insane number. Yeah its insane number that is for sure. And if you post 120 posts in a day in a week then it is fine, but If you say that you are posting 120 posts everyday then that is really weird. I mean it is simply not possible to post constructive posts everyday and that also in 120 nos. |
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ofcourse i chose gold
why ?
because bitcoin will bankrupt / smthing
and gold u can keep it until u die xD
This is what I like about it. It is a physical object you can keep safe for a rainy day when times are tough, you know it will hold some of it's value for a long time. Well I would not completely underestimate bitcoin if I was you guys. Keep your gold, but also don't forget to keep a small part of that gold in Bitcoin as well. Keeping the gold was always a good thing, and has it's own value that doesnt change too much like bitcoin Exactly. I bet on Gold over the bitcoin. Gold is more stable as compared to bitcoins and that is the reason why people trust Gold more and are attracted towards it. On the other hand, Bitcoin is very new to the most of the people and they really don't trust it as a investment product due to its volatility. |
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