|
Well I have also taken one worst decision with my bitcoin just two months back when it was at $600 level. I was in need of some urgent fund, so instead of asking from someone, I cashed out around 200 USD worth of bitcoin to my local fiat currency.
Looking at today's price, I am regretting now. I could have made it 500 worth of USD if I had not cashed it out then. I could have made another 50% profit with that existing bitcoin just by holding it. So I will not touch my bitcoin for another 5 years from now.
|
|
|
|
|
True! Being an INDIAN I can understand your point. Bitcoin is not as popular as China because we don't have internet facility in every villages of INDIA. A large amount of people are still outside the reach of internet. That is the reason why majority of the INDIAN have not heard about bitcoin.
Also a large amount of our oldage population are simple not interested because they are not tech savy. The concept of bitcoin can only be understood by a internet educated person.
However, if you meet the younger generation of India who belongs from a middle class or upper-middle class section, you will see that many of them knows about bitcoin.
|
|
|
|
|
Paypal is not a scam and I vouch for that. I have been using their service since 2007 and never got any problem with them. It's just that they are a bit more stringent than other payment processors as they are legit and don't want dirty money to enter in to their system and nothing else. They work as per the government norms.
In my country, users can't keep their money in to the paypal account. Whatever the money you will receive, it will be automatically transfer to your bank account due to my country's law. But still I use my paypal account to transfer my bitcoins to fiat.
|
|
|
|
|
There is only one which can fetch you 0.1 bitcoin weekly or more. But that method also involved a lot of risk, that is trading in the market as and when you will see suitable opportunity.
Remember, no other method will give you that much return other than trading. If you know how to trade just start with a little investment. Or if you don't know, then there are lots of tutorial available in google, learn it and try it with very little investment. Once you learn trading, you will see for yourself that how much return it is giving to you.
|
|
|
|
|
No one will be able to tell you for sure as it is almost impossible to predict its growth rate. The growth rate is immense and bitcoin has the power to go up to any uncharted territory within this 5 years of time.
My prediction say that bitcoin will be priced at 3500 to 6500 USD range after 5 years. However, it may happen and may not. It may go beyond that or may not achieve the target. So it is always better to accumulate as much as bitcoin you can within this time period. If you have extra bitcoin, you are welcome to donate it to me.
|
|
|
|
|
Best way for steady income is to get a job where you will earn salary. Till date, job is the best way. But if you are thinking of getting steady income through online, then I must say that there is none.
Only trading will give you a good amount of profit if you know how to do it, but even that is not steady. You will have to sit infront of your computer to look for trade opportunities and play accordingly. It involves considerable amount of risk also. But again it may give you good amount of profits if you place it right.
|
|
|
|
|
I don't see any immediate chance of it happening but in future, it will happen. Probably after 2023 when bitcoin will be exhausted, then another crypto currency will have to take over to number one position by replacing bitcoin. But that is not happening soon.
Bitcoin, being a pioneer in crypto currency market, is already enjoying the highest market cap and global people's trust. So that is not going to changed overnight. Slowly but surely it will happen and probably only after 2023.
|
|
|
|
|
Bitcoin with few altcoins would have been great, that created an opportunity to trade in the market. But not where we are standing now. We have around 800 odd altcoins which is ruining the market actually. Investments are getting divided in to those 800 altcoins which could have been divided in to few altcoins and bitcoins. If this happened, the bitcoin price would have touched more than 2500 grand.
Nowadays if you have 100 USD to invest, you can make your own coin with the help of a programmer. This is not good and it is attracting the investments which should have been flowed in to bitcoin.
|
|
|
|
|
I won't say bitcoin is a commodity, but it certainly is an asset which outperformed all other asset class in the world. I have accumulated most of my bitcoins when it was at $450 level. So I am sitting on a huge profit at today's price. I have done nothing with the bitcoin, I had just stored it and traded with a small amount.
But the return I have received from the bitcoin storing, it was just amazing and beyond my expectation. I hope 2017 will be as exciting as 2016 for the bitcoiners.
|
|
|
|
|
Why don't you try for a job, you will earn more than this amount. But if you are looking forward to earn this amount from online, then there is only one way, trading, trading and trading.
No other method of online earning will give you that much bitcoin online other than trading. No signature campaign or faucet will give you that much earning what trading can give you. There are lots of videos available in youtube on how to trade. Just learn from there and start with little investment. If you can get in right, You will see for yourself.
|
|
|
|
|
I totally agree with what you have said. Banks will never accept bitcoin and they will never want people to use bitcoin for their own good. No bank in the world will be able to offer such type of return which bitcoin is giving to the people. Within a year, I have received over 70% profit from my investment. This kind of return banks will never be able to afford.
Also bank has a legal limitation about accepting bitcoin in to their regulated environment. Bitcoin is not controlled by any central authority. That is another main roadblock.
|
|
|
|
|
That's individuality! Different people will have different choices and hence some people likes bitcoin over fiat. But for me, I feel it is wise to go with both. Take bitcoin as an investment and use fiat for your daily expenses. By seeing the current price of bitcoin, I hope you all have understood by now, that it is better to store bitcoin instead of wasting it for mobile recharge.
|
|
|
|
|
It will never happen. Bitcoin doesn't have the power to eliminate the age old banking system from the society. Banks are regulated entity and bitcoin is an unregulated online money not regulated by any central authority. This reason is enough to prove that bitcoin doesn't have the power to eliminate banking system.
But definitely bitcoin is a revolution in the field of internet money which has changed many things. But most of the uneducated people is unaware about bitcoin and only tech savy people know about bitcoin. Those who don't know about bitcoin, they would not believe that money can be mined through a computer program. So, let bitcoin become big in silence and enjoy the fruit without the hope of changing the world.
|
|
|
|
|
Hi, Thanks for replying to my thread.
Please note: I am not the admin of this program and also I will not encourage you to invest here. I am just trying to earn some money as I am getting 10% referral commission. Please understand the risk and don't join if you don't like it. Thanks!
I am closing it now.
|
|
|
|
|
I doubt any bank will accept bitcoin as a deposit. Bank is a regulated institution and they would not want unregulated money to be deposited in their account. Also bitcoin doesn't have any central authority. So it makes them confuse about the origin of the bitcoin.
That is the reason why most countries are not accepting bitcoin as an alternative currency. The government is just keeping an blind eye to bitcoins. Bitcoin is based on people's trust and nothing else. I doubt banks will ever accept bitcoin.
|
|
|
|
|
I think the main attraction of bitcoin is the price of bitcoin. Also the huge upside potential it has got. If bitcoin price goes down to $1, then it will lose most of its followers and investors. People are investing in bitcoin only because there is a chance to receive huge profits. So for many people pricing is the only factor.
Even for me, price is the main attraction. I am receiving good amount of profit and hence I am sticking with bitcoin. If I see that ETH is going to trend higher than bitcoin, I won't hesitate to switch.
|
|
|
|
|
Remember, nothing can be flawless and change is the only constant in this world. So bitcoin can be replaced by another crypto currency in any time in future. But I don't see that is happening anything soon. Being a pioneer in the crypto currency world, bitcoin has a major share of the market cap in crypto currency world.
It may be possible only after 2023 when the bitcoin blocks will be exhausted and no new bitcoins can be mined. Then people will look for alternatives. To invest money and to get return like they got in bitcoins. That could be ETH or anything else. But replacement will be found.
|
|
|
|
|
Show Posts
