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I would not suggest you to have only bitcoin and no cash because the real life applicability of bitcoin is very less and you should not buy eggs or groceries using bitcoin. You do you want to make the shopkeeper rich in no time??
Have cash in your hand to meet your day to day expenses. But invest heavily in bitcoin. At least 30% of your weekly earning should go to bitcoin. It will help you to make a lump sum amount while the risk factor would not effect you.
Stay invested. It is a long term investment and if you want to get profit within a month, then bitcoin is not your cup of tea.
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Bitcoin is precisely $575 now which is way more than you have written. Do you still thing it is the best time to sell it off??
I would suggest you to hold your bitcoin for few more years instead if you don't have any immediate fund requirement. The game of bitcoin is not done yet. This price is just a showdown. Hold it for few more years if possible to see its actual magic and you will not regret. Mark my word!
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The total majority of Bitcoin holders think of their favorite toy as the next step in the evolution of money (less so for active users). I don't deny the technological innovation in respect to the blockchain and the decentralized nature of how new money is created through mining. With that said, I still don't think that Bitcoin did actually revolutionize the concept of money itself. Gold as money existed long before fiat, and it was "created" in a decentralized way too, so nothing particularly new here as well...
I have an idea what could be an entirely new form of money (actually, it is not my idea), but first I would like to hear from you, guys (and gals), what you think about the truly new money that is yet to be invented or implemented
I somewhat agree with your point that new money has not been invented. The concept of money has not changed in any way. It is just the way to earn money has changed. World population never though that money would ever be mined. Blockchain technology made it possible. But we are comparing that bitcoin with a fiat currency always. The valuation of bitcoin is made through a fiat currency. So bitcoin just showed us the way to earn more money and nothing else. But that is the best thing of bitcoin that it has the power to make your dream come true. |
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Your question is very confusing. Do you really want to earn money with bitcoin or just want to earn bitcoin??
I thing the second option is better at least for now. 1 bitcoin is valued at $575 and it is better to accumulate more bitcoin for the future instead of finding ways to earn money though it.
However, it is my personal suggestion and you are free to do whatever you want but still bitcoin has huge potential to go huge. So earn bitcoin for now and sell it in future.
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Let's cut the crap. Most of us are just waiting for Bitcoin to finally hit $100 to buy a huge quantity. Am I right or talking out my ass?
That is the most worst thing I can ever dream. I don't ever want bitcoin to come down to $100 level. Then that will be the D Day for me. I am accumulating more and more bitcoin with just one hope, the price. I never want bitcoin price to come down ever in future. if it happens, then my accumulation will make no sense. So to be honest, I want bitcoin price to increase further. |
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Those who are saying bitcoin is dead and sell it, remember they are the most ardent lovers of bitcoin.
They are doing such negative publicity so that they can buy it at cheaper price. So don't listen to them and keep accumulating bitcoin as much as you can.
Because, bitcoin is going to be really big and it can make your dreams come true in future. believe in bitcoin.
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Absolutely! I totally agree with you.
Bitcointalk is the only authentic forum where you can find any damn information you want. It is the most active forum about bitcoin.
Also bitcointalk offers many unique opportunity to earn bitcoin as well. Like signature and twitter campaign.
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This is what happen when a govt try to over regulate its people. Paypal was a legitimate way to send and receive money and govt was earning taxes on it. Now that it has stopped, people will definitely turn to bitcoin and transact anonymously. Govt will loose the taxes. Anyway people will give it a damn because nowadays there are so many options available to transact online and people are not at all dependent to paypal alone. RIP turkey govt logic! |
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Are there countries that do not accept Bitcoin? I mean no idea regarding it. What do you think will happen to Bitcoin 5years from now? I'm not asking you to be a psychic to see the future. I'm asking about your idea about Bitcoin's future. TIA!
I think Russia has banned bitcoin. But Japan is exploring the possibilities to make it legal. But most of the other countries do not bother and till the time they do not bother, it is a good thing for bitcoin. Till the time it remains unregulated by a national power, bitcoin will flourish. But if countries starts to make it legal and start taxing on it, bitcoin will be ruined to death. If this does not happen, I see a very bright future for bitcoin. |
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For me sky is the limit. Nothing is enough as I am a very money minded man and I have a long way to go before I sleep.
Actually no one can say that if I have 10k BTC then I will retire. because it all depends on the economical situation of your country and also you have to keep track of the inflation. So for me nothing is enough.
I will keep earning more and more till the time I can.
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Every new innovation has its positive and negative side, so as bitcoin. I understand and agree that bitcoin is being used by illegal traders and many other illegal means but there are good people also who earns bitcoin in a genuine way without scamming anyone.
The bitcoin has enormous power to change lives in future. Just earn bitcoin and hold it for future use, you won't be disappointed.
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Thank GOD that the Dev is finally back with an welcoming news. Another welcoming change I have noticed that free distribution has been stopped.
I have not received any single coin after 21 May 2016. That is indeed great. I hope this coin will revive soon and we all will see a price increase beyond 1 satoshi.
Keeping my finger crossed.
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I think the only thing is stopping them is their blind faith on fiat currency. The concept of bitcoin is itself a major confusing point for them.
They just can't accept that money can be mined through a computer program and that is more valuable than any other fiat currency available in the whole world.
Once I started teaching about bitcoin to some of my office colleagues and they started laughing. So I immediately stopped. Let restrict bitcoin circulation just within the believers.
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Let's say a young teenager is given some coming-of-age money from their family, and is interested in growing that money through Bitcoin. Without encouraging him/her to invest in risky strategies, what are some lower risk methods of growing a Bitcoin portfolio with a hypothetical gift of $1K?
The safest way is to give that $1k to me. Lol!!! Jokes apart!! The best way to grow bitcoin is to hold them. That's the best investment for bitcoin till date. A big NO for ponzi or HYIP schemes. However, a limited amount of money can be invested in to p2p loans. Only a limited amount. Like 30% of the total fund. He can also try trading with another 30% of the total fund as it is the best way to get bitcoin. |
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What do you mean by steady way?? Is it that, you don't have to do anything and the bitcoin will keep pouring in your wallet?? Then u are day dreaming.
The best way to earn bitcoin according to me is trading. The best and most profitable way. You can also try using btcjam and btcpop website to look for some investment in p2p loans, but it is not a risk free way.
So for me trading is the best way to earn bitcoin.
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Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?
Frankly speaking, I don't want bitcoin to become a legal currency like any other fiat and accepted in most of the stores. Because the nature of bitcoin is decentralized and it is not meant to buy daily groceries. Also remember, that bitcoin supply is limited so you can't print bitcoin as you want. Take bitcoin as an alternate investment route save it. DOn't buy silly thing with it. |
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The alexa ranking gone down because of inactivity. It was around 26k in alexa while it was active. But you can see the post history, I have not been posting much as I don't have time.
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What was the first thing you bought with your Bitcoin? Did you treat your loved ones to a classy restaurant? Or did you bought something for yourself? Bitcoin indeed is really helpful  I have not yet bought anything with my accumulated bitcoin till date. I am saving for something really special for which I need more bitcoins. Hopefully within a year, I will be able to save that much amount to treat myself with a super bike. But frankly speaking, I don't want to spend my bitcoin for a restaurant treat or to buy groceries. I have fiat for that. Save bitcoin for future and you will never regret. |
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There are so many exchangers available in the market who can convert your USD to bitcoin. But before exchanging, do a thorough background check just to be sure that the exchanger is not going to scam you.
Also you can use exchanges like yobit or c-cex to convert your USD to BTC by paying lower fees. Also you will get some hands on experience in trading which will enable you to earn more than expected.
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