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Definitely gold bar with the same value at that time. Because it is safe investment. Gold bar prices will not appreciate overnight but also not depreciate overnight. Gold price is very stable. On the other hand gold is also a tangible asset which bitcoin is not.
Bitcoin certainly has the potential to go up to any uncharted territory if we hold it longer, But it is not safer like gold. Given the choice, I will go for gold.
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May you good sense is back and may you restrain yourself from playing in betting from now on. Remember, whatever happens, the house always wins. That is a very true statement given by a wise man.
Trade is the most legal way to earn bitcoin, even though it involves a certain amount of risk, but it still has a potential to give you a big return if not little. So try trading.
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Bitcoin is basically a coin of tech savy people. So I guess, most of the bitcoin users are within 25-40 years of age.
Like I am now 30 and I know few more people who is within 27-30 years of age bracket. usually old people are not that much tech savy people. Hence very less amount of people above the age of 40 uses bitcoin, That's what I think!
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It is a sad week for me. From 650 to 550....A 100 USD fall in just 3 days. Traders like me are still optimistic and planning to buy more and more bitcoins even at this time.
I think people should start buying bitcoin now because the price may not fall beyond 540 USD. A little bit od technical analysis will help you understand the situation. So my suggestion is to buy now. The time is now.
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I am a senior member now. Please update. Thanks.
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I am looking forward to add some extra spice in my life by making some of my dreams come true with bitcoin. Dreams can't be measured by money so as of now dreams are the most valuable thing I can buy with my bitcoin.
Seriously, I am planning for something big. Not now, probably after 5 years. But I guess I can wait that much time for my dreams to come true.
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That is a good idea but make sure that bitcoin is legal in that particular country before you start opening such shops. Otherwise the enforcement agencies will hunt you down within a week.
It is always better to do such business online using a VPN. You will be hard to track.
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To earn bitcoin from your blog you need to have some traffic. If you have traffic, then you can use bitcoin based advertising network like a-ads. The more impression and click the ads will get, the more bitcoin you will earn from them.
A-ads is a very good advertising network. I am using their service from last two months and already received 4 payments from them. Recommended!
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That certainly is. Bitcoin is better only when you are sending money to someone who knows the usage of bitcoin and knows how to convert it to fiat. Otherwise it is not much of a use.
On the other hand, WU is strictly regulated and will not release your money unless you provide a copy of your ID. In term of anonymity, bitcoin is better but in terms of user friendliness, WU is better.
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Each type of currency comes with own set of benefits. FIat is regulated and accepted everywhere. That is the major benefit of fiat currency.
On the other hand crypto is not regulated by any one and also not accepted everywhere. The acceptance level is still quite low. The fiat currency price is not very dynamic whereas the crypto prices are very much dynamic. It can go up to any level and go down to any level as well.
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It's called stabilizing. The price of bitcoin is gradually moving to a stable equilibrium till the next halving in 2020.
If you bought bitcoins at $600+, either hold till price rises again or exchange for a viable altcoin - wait for its price to rise, sell and make some profit there.
Even I think the same. The price is now stabilizing. Just filling up the hole left behind to get the roots stronger. from 592 USd the price is now 600 USD. It will increase soon. However, the recent fall made few people bearish on bitcoin hence they also are selling. It will take a bit but will soon recover. |
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It is not possible for bitcoin to replace money. Bitcoin can become a very good investment destination though. In future, plastic money like cards will take over the financial system and money will only be seen in bank accounts, but bitcoin will not be a replacement for money.
Because bitcoin is not regulated by anyone. So fair distribution will not happen. However, bitcoin can certainly become the internet currency.
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If bank starts to accept bitcoin as payment method, will surely be revolutionary. It will drastically increase the acceptance of bitcoin to many people. It will increase the usage of bitcoin as well as it will help to grow the bitcoin fanbase.
However, your bitcoins will be tracked and you will be taxed for earning them.
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No and never. The reason is bitcoin price is dynamic and it can go up or down anytime. Salary is really important to fulfill all my liabilities. I can't take a hit on this.
So after receiving my salary in bitcoin, if the price goes down, I will be in losses. Salary is something which I can't experiment with.
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The transaction speed depends on the amount and the network fees paid for that...If the amount is high and the fees are less, it may take up to 30 minutes.
But I have exchanged a very small amount from an exchanger which is less than $20 and the transaction was instant. Did not take any time to get confirmed. So I guess the appropriate fees should be paid to the network.
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Definitely not. I will not leave my daytime job for bitcoin only. I am earning bitcoin in my spare time and I am happy with it.
Leaving job for bitcoin will be a huge risk in my career and I won't let that happen. Also I feel no one should go full time on bitcoin. Treat it as an alternate investment and store your bitcoin for long time. It can make your dreams come true. But regular earning and spending of bitcoin will never make you rich.
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It is a very wise and good decision to buy any amount of bitcoin now. At 650 USD, bitcoin is under priced. It has the potential to go up to at least 2000 USD in future. It may go up even more, who knows.
But you should go for long term like 5-7 years. Only then you will be able to see good profit from bitcoin.
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Great listing... Thank you for taking effort to collate such a huge list..Very helpful.
I really liked the idea of embedded mining. It can change the course of crypto currency world. mining will become an easy job.
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It is not just bitcoin...most of the currencies' price are dropping. But I think it is pretty normal for bitcoin. probably most of the traders are selling their bitcoin just to book profits and due to the high sell volume, the price is dropping.
But I am sure there's nothing to panic about. It will come back to normal soon.
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