Seeing on the current price of bitcoin now it would make me already a fiat millionaire in my country on just 25 btc and yes it just sounds to small but dollar rate is high versus on our currency thats why but answering on the op's question.I have choose 1000 btc or more would really give me a luxurios life for sure in incoming 5 years and how much more if the price would rose even higher.
In my country even in I can also be a millionaire with only 25 BTC but I do not think that getting some amount of money for to be only a millionaire is enough because one day that money will be finished or I can say that only a car can come with that money so it will be better that we manage for a continuous income for us. |
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Yes faucets are just a waste of time but if you really can't stay away with faucet and you believe with it then try to build up your own faucet site. And also joining a cloud mining site is like you are just giving out your bitcoins freely. Don't ever believe with those cloud mining sites because they are not really mining, they are ponzi which are scams.
But, faucets is a good step for those beginners who are trying to start their journey in bitcoin . Indeed, faucet gives you small amount of satoshi's for every claim at least those peoples knows how to earn bitcoin from different way, but after certain period they will know faucet is not good for long-term. We can't stop people to say that faucets are just a total waste of time. But I admit that I'm happy to know bitcoin and faucets are the first step of my earning days with bitcoin. And I really get bored as the day goes by because the amount that I'm able to get is really small that's why I tried to find out some other ways of earning like trading. That's the fact of most of us here, we start with faucet until we upgrade our way of earnings. Faucets are everywhere and it's a lessons learn not to spend much time when there's plenty of opportunity you can explore in the bitcoin world. It can give you steady income but only small income. I would choose to have a risky investment than having a steady income that does not satisfy me. What you have said is something fishy to me, you are going to take "risky" investment. But all of investments are really risky but if you are thinking that you are going to take those phenomenal risky investments which are hyip's and cloud mining, I assume that is what you are talking about risky investment. If that is so, I will prefer to have steady low income rather than investing with them. Fishy investment or whatever the term you may call it, is actually no investment but a loss. If you thing you can earn from Hyip, matrix, MLM and things like that then you are actually gonna waste your money by investing there. There is no shortcut in life so there is also no shortcut in Bitcoin earnings too. Always earn from legit programs though the earning may be slow. Yes those type of investments are just going to be a waste of money and there is really no shortcut in life. People who are going to invest with wrong type of investments will just end up into a bad result. But from those mistakes we are able to make it right and that is going to give us correct way of investing to have steady income like trading. I agree with you and I have not invested n these type of investment from the beginning in the start one of my friend suggested to invest in a mlm but due to hard work in there I stayed away from there and then one day from my friend I heard that it was a scam and he lost there. |
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I earn not that much in bitcoin but I am trying to have good amount from it because it is not that impossible to earn it, just having a good or something unique to showcase with other people.
But ain't that simple because of great competition. And for sure there are people who earn big amount of it.
I will suggest you to go to trade or start some selling service from this forum because these two thing are what where the competition is not much or we can also say that in these the competition do not matter but all matter of your skills. Yes trade is better to earn more money to become rich but we do not have to suggest trade to those people who do not know about trade as for them trade is like gambling. While blogging is better if he is creative and can provide some interesting contests to his visitors. |
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It depends on witch country you live, i'm sure that users from countries where you see big devaluation of your currency like Venezuela, don't believe on its fiat money as an store of value, but they use on daily business. In this case people could invest on bitcoin its savings (now some of them invest on stronger currencies like dollars).
No matter you live you should not believe fiat. Using it is adverse us, all fiat will be replaced by another currency wich more apropriate for us. It could be gold or bitcoin. Fiat is the main money and fiat could not be replaced by any currency. you should still believe in fiat because you will rely and use the fiat to make transactions in your country. even in my opinion bitcoin higher risk with fluctuating prices, also use bitcoin is still limited. You are right that fiat is the main currency and it will not be replaced but it is sure that the use of fiat will be replaced sooner. Just like nowadays more people use online banking and banking cards they will sooner start to use bitcoin when they know about the convenience of the usage of bitcoin. |
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According to my views in 2016 bitcoin was the No.1 crypto currency while in your provided list bitcoin is kept at 10 number. I have a doubt on that list. In 2016 I am sure that bitcoin got a great success due to the adoption in that year.
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It will be still popular even if Bitcoin had a stable price. Most companies and retailers dont accept bitcoins today due to its price instability. They all would start accepting bitcoin as payment if its price is stable.So, there will be a huge increase in demand for bitcoins which would increase its price and help in the progress of bitcoin.But since bitcoin is a decentralized currency, its price differs based on increase and decrease of demand for bitcoins and price will not remain stable for a long time.
That's exactly how the price of Bitcoin becomes unstable.  IMO the price of Bitcoin will always be volatile, the question is to what extent? If we'd have less than 5% price change in one day I think we could say that BTC is stable and that would definitely help to attract more users to Bitcoin. Nowadays the price of bitcoin is stable up to some extent. Only some amount of increase and decrease in the price will not affect its value and after some time it will recover according to the marketcap of itself. 5% is because of the short term investors who buy at lower and sell at higher price. |
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Saving money for future, you will not lose your money and that is better than investment. Because if you are making an investment than there will be a chance that you lose some money or earn some. So i choose to save money but to me i think that if you are going to save your money for a long time , then the value of your money is decreasing from time to time. and if you have invested your money for long term, so hope that after long time the value of your investment will be more high than its original price, therefore i will suggest you that long term investment is more better than trading. I agree with you that investment is better but still someone have to keep some money with them for emergencies as I have saw some people who invest in some bigger schemes much of their money but when an emergency come to them then they do not find any money to solve that issue. Saving some amount and investing the remaining is better idea. In saving money, our money cannot grow, or in saving money, your money only on the bank, only the interest of it grows, while in investment, the money will grow, or sometimes you will be bankrupt. But it is up to you, what can happen will happen to your money, if you want to grow your money, or just save it. I think you did not understand my point. I am in side with investment but I am saying that investing all of our money at once is not good because in life sometimes we need some money for other reasons suddenly like in emergencies. Plus I also have contradiction with your definitions as with saving I believe that money grow while with investment our money grow along with it our sources of income increases. |
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It is the duty of those people who know about bitcoin to explain about bitcoin to every person. I mean we have to explain about bitcoin to every person to customers and to sellers if no one will take that step then no one will know about bitcoin and the use of it will be hard. The more people who will know about bitcoin the more will it be easier for use to use it everywhere.
No. It's not our duty to do so. Actually, it's no one's responsibility to make bitcoin be known by other people. If you want to do it, then do it. If you don't, then it's okay. In my opinion, bitcoins would be known by other people eventually because we live in an information age. You learn something everyday by just browsing reddit or even by just browsing social media sites like Facebook. There's always some insightful advertisement on Facebook. Introducing bitcoins to the people around you will just help shorten the process of mass adoption. But it's not a mandatory act. Mass adoption will happen eventually anyway. I am talking about our local society but after your comment I will say even in online social media it need us to promote it and need our help suppose if we will not post about our experience and about the learning and adoption of bitcoin then from where will that knowledge come. It is indeed we people who spread the news of any thing on social media. So bitcoin need our support to get promoted in any place. |
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BTC isn't a farm or a plant, and currently there are no bank investments in the bitcoin world, some claimed to operate a similar model and all turned to be scams, I guess the most genuine but I can't say safe method would be trading btc for usd and other cryptocurrencies.
Those people who do not know about trade it is really not safe to start trade and it is sure that they will lose their money in trading there but those people who know well about trade it is a best way of growing bitcoins. But trade in altcoin is something more risky. We are talking about all the time that trading is risky, You know all type of business is risky, on one can tell that any business is here where we have less chances of risk. So don't take tension about the risk, we only need skills and attention about our business. So if we are talking about altcoin trading, i think if we use our skills than definitely it give us good profit. But about the question, i have a way to grow the bitcoin, because i do it. Only buy the bitcoin in less price and sell them in a high price and how we can do it? only hold the bitcoin and look after the price of bitcoin. But there are some business which will totally depend on your hard work suppose you start a factory from the new start and you will know that how you have to make it successful and you work all the day for that then it is obvious that you will get success in that but in those business where you will not have any good skills then there are risks in them. |
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1000 bitcoin is in my eyes possible but not for me or 99% of the other investors in my eyes, this is just too much and it cannot be gained over the years...
If a person is a normal person and he do simple tasks on internet for earning bitcoins then it is right that it is not easy to get that amount in an year but if an investor come and start a business or the person will have some special skills like programming and he get a good amount of clients then there will not be any hardship for him to get that amount of bitcoins in an year. Along with that trade has also potential to give that income to any person but for that he will require a lot of luck. Suppose if a person spend some bitcoins in an altcoin and then the price of it increases up to thousands of time then is not it possible that he get about a 1000 BTC! But I think it do not depend on Luck earning in trade depend all on your knowledge as if you will know about the coin and will understand the future of coin then you will invest in that coin and that coin will give you the profit which you want from that. |
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I have no boss or overlord looking down on me and breathing on my neck when I'm turning my money into bitcoins and basically there is no one telling me what I can and can not do, I'm limitless with BTCitcoin.
Yes that is a best feature of bitcoin. Working in bitcoin is just like to work in our own company. In bitcoin we are our own boss. The most special thing in bitcoin is that the money which we earn are not passed through any third party especially through government and we get it directly no matter how many amount we get. I think that is not true. How can you be a boss of your own company in bitcoin? Does everybody own bitcoin? I don't think so. We all just work and get paid in bitcoin. It's just similar to any fiat currency. You just get paid in that currency and not any other. You are correct about the ease of transfer of bitcoin as it does not need to pass in a lot of hands before reaching the final receiver. In my that comment I am saying about bitcoin trading where we do not have to work for others but we work whenever we feel that now we have to work and when we get some time. We do not need to be ready in the early morning and do not need to go to office for that work. |
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I don't think teenagers will show interest on bitcoin.Also they can't understand bitcoin properly.We just can give them some faucet or bitcoin play apps to earn happily.But I won't described children about bitcoin because it's not the perfect time.They should focus on their study to build a very good future.
if you guide teenager with proper way then i hope they will understand about bitcoin that bitcoin is much more profitable currency and they will start to use bitcoin for online shopping and they will get a good profit from bitcoin . yes but i think that bitcoin should to beach to them as currency and not investment, as bitcoin is our future currency therefore it is important to teach to the as currency because the do not need to learn about trading and investment. Yes I agree with your point if we will teach about bitcoin to children and teenagers then we will teach them it as a currency in that way they will not feel it as a burden and they will understand it sooner and easily. While investment is something complicated. It does not required a thorough training for the kids, the right time will just come for them. Teach them if you feel they are comprehend it and it's necessary, but there's always a right timing which is when they are more matured. Just remember when a kid is in the lower classes of his school he is taught about the money and its calculation and in almost all of the subjects they are taught about the fundamentals so in this way it is important to teach them from beginning if we want them to learn fully about it. |
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Over here, I can say to the best of my knowledge, nothing is being said about bitcoin in high school even in the university, only few people who are into online business can say something satisfactory about bitcoin. The question is who will even teach about bitcoin in our high schools when bitcoin just started getting popular in 2010 and the teachers in our high school have had their education in the 1990s or 1980s in and more importantly the syllabus is their constitution which in this case the issue about bitcoin is definitely missing.
Blockchain is an innovation of the modern world, and the old teacher did not even know what it is. Therefore, to study the case we need to have to teach a new generation of teachers. It will take a little time it is not yet. While bitcoin it enough, I think. If the syllabus of the schools of any country are up to date and they accept the involvement of new technology and bitcoin technology then they will add the lesson of bitcoin in their books and even the older teachers will also learn about bitcoin and will teach to their students. |
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I believe on bitcoin because of its technology and not because of the price increase. That is why if the price of bitcoin will remain stable for longer even for years then I will be more happy with bitcoin because I want to put all my money in bitcoin.
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I don't think teenagers will show interest on bitcoin.Also they can't understand bitcoin properly.We just can give them some faucet or bitcoin play apps to earn happily.But I won't described children about bitcoin because it's not the perfect time.They should focus on their study to build a very good future.
if you guide teenager with proper way then i hope they will understand about bitcoin that bitcoin is much more profitable currency and they will start to use bitcoin for online shopping and they will get a good profit from bitcoin . yes but i think that bitcoin should to beach to them as currency and not investment, as bitcoin is our future currency therefore it is important to teach to the as currency because the do not need to learn about trading and investment. Yes I agree with your point if we will teach about bitcoin to children and teenagers then we will teach them it as a currency in that way they will not feel it as a burden and they will understand it sooner and easily. While investment is something complicated. |
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I appreciate you this idea to add bitcoin as a payment system in your shop. If you can deliver your products to any county of the world then you will get a good number of clients to your shop. But first you need to advertise your shop on this forum so that people come to know that you have started bitcoin as payment.
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Actually, if you are really in that bad habit of collecting bitcoins from faucets then i would prefer to stop doing that and collect bitcoins from signature campaigns and other promos on this website
That is a right suggestion bu not everyone can easily earn from different promos from this website as it require special skills while in faucets even a person who do not have any special skill can earn some bitcoin with which he can fulfill his his daily small needs. |
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I don't think bitcoin can make banks disappear, however bitcoin can make the banks starting to use bitcoin  bitcoin can make bank disappear if more than 80% of people on this planet start using Bitcoin. Bitcoin and bank are totally different to each other because banks are a part of the centralized system while Bitcoin is created for the freedom. but what do you think that when at least 80% of people will start using bitcoin. i do not think that it is even possible in near future, after some decades i think only a few number of people will be able to start using bitcion in their real life. There is one more thing in my mind that suppose 80% people of the world start using bitcoin then still the banks will survive because people need banks for loan and some institutes and governments needs banks to regulate their finance. |
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I have no boss or overlord looking down on me and breathing on my neck when I'm turning my money into bitcoins and basically there is no one telling me what I can and can not do, I'm limitless with BTCitcoin.
Yes that is a best feature of bitcoin. Working in bitcoin is just like to work in our own company. In bitcoin we are our own boss. The most special thing in bitcoin is that the money which we earn are not passed through any third party especially through government and we get it directly no matter how many amount we get. |
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When bitcoin is started as a currency and people will not feel that there is any hurdle to use bitcoin then they will accept bitcoin in institutes like that. Not only insurance but most of the companies which are running under the government rules will not feel any complication to use bitcoin.
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