It is better to invest in the bitcoin directly. Investing in the mining is too risky. The difficulty is rising fast.
Investing for mining is not a bad thing if you were trying to own the rig. if you feel it's not profitable anymore mining in bitcoin because of the difficulties then you can just simply move to another cryptocurrencies such as ethereum or whatever. those seem to have medium difficulties and may be profitable for you.and if you need more easy difficulties and then watch for a new released cryptocurrency |
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Like other said trading is professional skill but you should start in basic knowledge about trading before you become professional you need to start in basic trading and discover some methods how to grow your capital in trading.. it is not easy to trade but if you can learn to analyze and some methods that you can make profit and learn and discover new methods to increase your profit..
Yes you are right, to become a professional trader should start from the basic. To be able to learn and success in trading requires learning, and it requires a fairly long time. A professional trader already has a very long trading experience even more than two years. I believe professional traders never make mistakes in trade but they can overcome it. Don't really need a long time. if you were gifted on this thing then you just need short amount of time. the most important thing is gaining an experience from other by following course or reading book about trading and then you will know the basic of trading or even having wider knowledge. that's seem very simple but really important |
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Holding bitcoin is a good option now, judging from the price increasing and the stability in the future bitcoin will be a valuable assets, i only spend when there is emergency need and i will sell my coin when the price reach 1000$
Keep in mind to not holding forever. you will missed opportunity and you will get nothing at the end if you just keep holding. though $1000 is possible if we're looking at the current price nowadays but you could make pretty decent profit by doing some margin trading. it's not really risky and as simple as buying and selling thing instantly |
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For right now there are many countries that building their own coins because of chrash of economic, but about the their coins will be replace their fiat money i am doubt about it, because not all of people on countries can understand about digital currencies. If it can be happening will take long time.
Maybe not now but in coming time when there will be more technology and countries might think of replacing the paper money system with something digital then they will surely create their own crypto currencies which would replace fiat, and at that time people will accept them as they wont have any other choice. what if they're not creating crypto currency but making another digital money system unlike cryptocurrencies? and the technologies will be even more advanced than now. that's possible and if that's really happen. i'm sure they're not using the blockchain system anymore. the digital money may be centralized so they can take control over it |
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i would like to view bitcoin as currency, perhaps as crypto currency in internet world as other payment and connected with fiat in real world and not as property. because property for me is like something that visible to be seen and feel with hand. and for this reason, the bitcoin can act like money in the economic global.
bitcoin may later be used as currency just like the dollar. but on the other hand my confusion when the future becomes the currency bitcoin. who is the creator of the country?. such as the dollar. were created in as i think you're reffering the problem about who's the creator of bitcoin whilst dollar was made by US. the answer is satoshi nakamoto as the inventor of bitcoin. bitcoin was aimed to be global currency nor the main currency of specific state. and the creator may be wrote as satoshi nakamoto and not country |
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I see potential for bitcoin to reach $50,000 in out lifetimes, but there is no guarantee. A lot of things have to go our way for that to happen. But we have seen some good gains over the last couple of years.
Before the price of bitcoin reached 50k$ maybe that time im dead. Its to hard for bitcoin to go up on that price cause its too high to reached. Bitcoin cant even go 10k$ . LOL. definitely, even to surpass the $800 wall is really hard for bitcoin and take really long time. $50k is not a realistic amount buy may have little chance to happen. if bitcoin just reached $50k in the future, then that's good but if it doesn't there's nothing to regret. not really expecting it to be happening but would be really grateful if it's eventuall happening |
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Altcoins were created to support Bitcoin? I always thought they were actually created to substitute it. At least, that's what they usually claim. If there were no Bitcoin, there would be another altcoin which would be thought of as Bitcoin. In my view, there is hardly any conceptual difference between all cryptocurrencies. Bitcoin just happened to be the first among them.
altcoins are actually was made to take over bitcoin place but unfortunately so far no one can. their base cryptocurrencies is indeed bitcoin but doesn't mean they're supporting bitcoin at all. they're just use it to know the current value of the coin. though someone who are willing to use some specific altcoins mostly buying bitcoin first and then exchanging it to the altcoins.it's increasing the demand to bitcoin |
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iam agree you write
bitcoin can a global curency, but only digital curency not real curency
and bitcoin the first leading digital curency in the world, above in paypal user
yeah maybe for online currency bitcoin currency will dominate international online in the future, everyone will use bitcoin, but it could not compete fiat, bitcoin will remain an option for fiat that's true as long fiat had its way to pay stuff on internet such as credit card or paypal then bitcoin will always be an alternate. as you know people around the world no matter the condition and where they're living will be always seeking the most simple and easiest way to done something there's no strong reason for them to really use bitcoin for anything |
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As for me - I like ICO. For example the last one - Golemproject. Made easy x2. But now it is 1:1. Also I am waiting for gnosis and filecoin. And my advice - don't be a greedy bagholder - try to work quickly, made x2-x3 and good by coin, the next one)
As we can see that the price of bitcoin is regularly increasing. To me, I think the best investment in the present time is to hold bitcoin and not to invest it anywhere else. But you must remain patient and not to invest or use bitcoin in anywhere else in mean time. Most of bitcoin investors slip in this point due to lack of patience. but it is very slow method - to sit on your bitcoins. And it is not work if you do not have a big amount of bitcoins. I thought, we were speaking about a least x2 money making. if you're really going to double your bitcoin. be prepared to afford the big risk you will take when you're in process of doubling. maybe you can go by gambling but it's definitely not investment. investment are growing your money by little and little. just prefer you to go to an ICO. because honestly you will never found a real investment which could double your bitcoin in short term of time |
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Best way to manage our money is saving and invest. After I know bitcoin, I was make as best alternative for invest. I sure the price bitcoin can't be stop. Save and hold bitcoin is smart way to invest.
For sure saving and investing are parts of a good manager of money, but before that there comes the question if can you really manage the money to do these things? Because if you have no discipline on how to manage your money then you will not be able to take out any savings from your salary and that as a result wont make you able to do any investments. In short you cannot save and invest if you are not good in managing your money, you need to learn how to manage your money first and that's the first step. you don't need to be really good at managing money. you just need bunch of money which is available to be freely used for you anywhere. that's it. and you can make an investment out of it without worrying whether you can keep living in the next day. even if you are really good on managing money doesn't guarantee you can do some investment if you don't really have the money |
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Don't know the reason why you seems really don't want to use escrow service and didn't intended to while it could save your money when something you didn't expect to come just coming. though there's no way to secure your transaction without using escrow service so i just can strongly recommend you to use escrow service even there's an escrow service who doesn't charge you.you're not going to pay any cents
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Dont sell.everything always save some of it. Maybe it will give you higher returns aomeday. Justt like me.wait until the right times comes for me to rise
Obviously, if someone holds the coins in order to get more profits out of them then they are not supposed to be in hurry to sell them all when they see a little rise in the price, but they should only sell a portion of it and keep a part still as the price might grow higher in coming time. LOL what's the actual point of keeping the part of the bitcoin when the price just reached the highest? expecting for a lower price?. just sell them all then you will get pretty decent amount of money and then buy when price just falling and then you will get even higher profit than just keeping the part of your bitcoin or burying them |
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The percentage is going to be low and stay low for a long time. Even if bitcoin becomes more mainstream, there are still many poor countries where people don't have access to computers or cell phones. Also many people will not trust bitcoin enough to put money into it.
Well, I know it's low but at still we know we are increasing, we cannot get the half of the population as bitcoin can be complicated for majority of people. Agree that the percentage was increasing very low but we can see the progress of bitcoin because of our continuous using this currency and also day by day we know that there are more people continuous adopting bitcoin for their new money transaction. he's saying that the the users of bitcoin is quite low thus not saying the growth percentage. there's no exact calculation about it tho and may be impossible to be calculated because everyone could make multiple wallets or addresses.but i guess after the latest price peak many people are getting interested. just see why the price always stay |
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hacking the account but as far as I know it would be difficult to do that, unlike cash, easily stolen by the people around you. Using Bitcoin can make you feel safe and easy transaction between you and your receiver.
it's easy if the victim were not care about their security such as keylogging and when you got the access into their email. you're finally be able to steal. though if you're talking about cash can be easily stolen by people so does with hardware wallet. the different is if the hardware wallet require some verification to open the wallet. if you don't have backup privkey then conclude it was lost |
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Even if they want, I think they can't. They are violating our freedom if they do that, they can regulate some transactions involving bitcoin but not the entire system of bitcoin, they can't change it from being decentralized to centralized.
you're wrong if you talking about your freedom to government. they don't give a shit to that thing it's was for the sake of country's goodness and involving many people. an individual rights will not matter anymore. and it's true if they can't rule and regulate the whole system of bitcoin. they can't and will never be |
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To manage money first of all you need to earn a proper capital. That earning can be your primary source-stable but low income (job, business, mining)
After that start to do research on legit investments and trading. Next invest a capital on those investments. Make sure to retain enough capital for the next few steps as well.
Start altcoin trading and mining. If you can predict properly about the market you can make a lot of money on it.
altcoin trade possible, but it requires experience. A person without experience can lose a lot of money Yup, so better to learn trading first before you doing it because if you have no experience on how to do it properly, there's a possibility that you can lose your money don't worry there are many tutorials out there (google, youtube and here) just learn and focus and you will get want you want. who the heck doing trading without learning by the way even though trading is basically selling when high and buy when low atleast they need to know something about the strategy or everything else and it's simple. and i prefer learning in order to gain experience not just following the theory |
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If I were you, I would hold on to your bitcoin as long as you can because there is a good chance that itwill continue to gain value. You could cash a little out if you think that it's to risky of an investment.
if OP'd lost the passion to trade and seems not interested anymore because he's gaining nothing for 7 years then it's not wrong to just move out from trading. maybe he's could earn more in another job instead of trading and keep holding when keep losing too. for the good of OP just grow your money anywhere which seems realistic. 40 bitcoin could make up a pretty decent business or store |
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I think that nowdays we don't have to be more active to encourage local businesses to accept bitcoin because now this payment is worldwidely popular and I think good businessman and economist must realize it, more customers = more money. In my country people didn't know much about bitcoin, but local banks made great tread and they made it known for people. Now their action made good things for both, themselves and ourselves.
actually we can't encourage the local businesses to accept bitcoin if we're just actuall small part of the local or such a specific region. we're not really worth it to be accepted the opinion in the eyes of those business owner. doesn't guarantee it will add up their daily earning though. we need many people or just waiting for bitcoin to be popular by itself and we'll just get the good result |
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Well theres probably a lot of countries that dont use them to the same level of venezuelan
Time will just come they will follow. If bitcoin is increasing its adopters, there's no way they will resist the opportunity. They can integrate business in bitcoin. there's still a way to resist to use bitcoin. if government see bitcoin as a threat to their economic circumstance then they will trying to prevent from the use of bitcoin. that's the actual struggle when a currency is not created by big organization or a country and trying to take over the whole economic |
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Bitcoin can't replace fiat just like gold can't replace fiat. Bitcoin will have many uses like a store of value or a way to send money to someone else, or even a method of payment but there will always be a place for a government currency as well.
Bitcoin is not even recognize as legal so why would the government think of replacing it to fiat. Only the government can do it, they are in full control of the law. that's right. the government will more likely to develop their own digital or cryptocurrencies rather than using bitcoin so they can have the control over it. i think the government is not that dumb and without thinking twice will hands over their economic currency into such an unknown currency which was not even recognised legally |
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