Wow this is the first time i see this kind of beautiful view from cryptocurrencies. Back in the day, altcoins are not like that. When bitcoin pumps, the altcoins dump so hard and it hits a very low level where their investors are backing out but now, altcoins and bitcoin is together and they are all pumping up. It seems that bitcoin is not the only good coin to invest for long term anymore  . |
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It is rather not advisable to leave a job because of bitcoin, earning bitcoins is just an alternative source of income but earnings generated from bitcoin is not much and may/ cannot be used to sustain a family but can be used to offset some minor bills.
Thats true, I think it would be better if you make bitcoin as extra income. Do not take the risk of getting out of your job. And switching to bitcoin will therefore be at risk Exactly, bitcoin is just an extra income to us, it's just an opportunity to have good money aside from our stable income, do not let go your job because of having bitcoin now, we do not know what will happen tomorrow with bitcoin, if it pump or dump. I agree with you that we don't need to take serious actions like giving up our job just to focus in bitcoin because doing that is like gambling our future for a non predicted thing. There is no assurance that bitcoin will have a great future so it is just good to play safe with bitcoin and do not sacrifice all of our things just because it is good now. |
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In this time, we don't think that internet will be die, now and also in future. Because our life and our working is total depend on internet. If you see in every field of working, we are using internet than how could it possible that internet will be die. Also about bitcoin, so i don't think that we have alternative anything of internet, where we use our bitcoin.
The internet can be dead if a very big war will happen like the world war 3 where all of the biggest countries are fighting each other, it will affect the whole world market and it can damage a lot of properties and especially the internet which can shutdown and that is when we are going to suffer a big loss in bitcoin. |
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I have friends who work in IT and they know a lot about bitcoin, mining and blockchain but their interest is passive. They don't want to "waste" their time on it. I have no idea why.
I think they are close minded for bitcoin, if they know a lot about bitcoin then they will realize that bitcoin is the next big thing in our world and they should waste their time in bitcoin because it will worth a lot after a few years. The only reason i can see that they don't want to waste their time or even money in bitcoin is the price of bitcoin is high and they think that the price will just go down and it is too late to join the train. |
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I see a lot of people mention trading and while I agree it's a great source to get BTC if you profit from it,there is also quite a high chance for you to end up in a losing position.With trading you have to see how the market is going and you also have to test your reactions and being able to be fast and change your positions multiple times.So as every skill you have to work on it and eventually you will start to understand what is happening
Yes that is really the secret for us to be successful in trading. They need to know the market very well as well as the details about the coins that we will buy for trading. We need to conduct some research about it and monitor the market from time to time to see if there changes on the value of the coin. In short they need knowledge about trading in order to be successful with that because if they lack on knowledge about trading then they will not have an idea on what to do when they are trading and what are the things to consider when trading so it is more important than capital to gain knowledge first before any action to be done. Trading is the most complicated source of income nowadays. Because honestly speaking, it is so hard to earn money on trading rather than to just gamble on it.hahaha. Choosing the best altcoin that can give a possible income is very hard and needs an incredible research. Right, people do not know about trading, they always say trading is very easy and can make money from it but actually trading is not simple, it is not suitable for everyone. Want good trading, we need a lot of knowledge about altcoin and we have to constantly monitor the market price, search for information then analyze and make the final choice. If someone thinks trading is just choose by emotion and buy altcoin at low prices, that will be a big mistake and it will lead them to failure in trading Actually, trading is not that so complicated. In fact, cryptocurrency trading is a lot way easier than forex trading because you can predict the possible movement for the cryptocurrencies by being updated for the news of the certain cryptocurrencies and you know the basic fundamentals of the market and those things are enough for a non experienced trader to get good results in trading. |
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Bitcoin is the future of money, or so they say.
I would like to hear your opinions on Why should people use Bitcoin?
I don't think that people should use bitcoin. I think that people must hold bitcoin because is hoped that its value in time will be increased very much. For the moment I don't think that bitcoin have to much superiority compared to the other currencies because of difficulties of change in real money and because is not possible to have bitcoin in every part of the world with the same convenience like in some part of the world. It is necessary to combine the use and investment of bitcoin, it will be much more effective. Just the availability of coins over time can depreciate and bring nothing. Correct. But always will be people who will have need to spend some bitcoin. Just even for fun. Because want to join the money (bitcoin) they have. So always in every moment will be someone who will spend its bitcoins. It is normal for some people if they spend their bitcoin because they want to enjoy their earnings or maybe just waste some time from their boring day. People like us who really work hard to earn bitcoin also need to relax and spend some time and also our money to enjoy our life. There is no person in the world that doesn't spend his money or bitcoin. |
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There are aspects that make bitcoin users more and more convinced that bitcoin is a good place for investment so now bitcoin prices are rising in the market!
it keep getting stronger because there a lot of people start investing now in bitcoin maybe they start to realize that bitcoin have big potential even price go low price it always recover and break the highest price itself Yeah that is why it is best to invest in bitcoin even the price is very high now because after a few months or after a year, bitcoin is getting more popularity and investors and its price is keep pumping up to its possible highest peak and i think this year will be the evidence that bitcoin price is always going up because the price will go to 2000 USD soon. |
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Satoshi nakamoto is not an A.I he is a human that created the bitcoin and make this huge evolution for the financial system that we have now. If satoshi nakamoto is just an A.I then this kind of quality of bitcoin will not be reached. Satoshi nakamoto is a screen of the real person because he wants to protect his identity and out to trouble.
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The only difference that i can see on bitcoin versus the real money is being physical and virtual. Bitcoin is only digital money and the real money is physical which we are currently using right now. Another difference that i can see is in supply where bitcoin has a limited supply while real money has an unlimited.
Exactly, one more factor you missed when it comes to value bitcoin has the highest value when compared with real money. So many people bothering about whether bitcoin will stay for long to make most of it. Real money is being and act like crap many people are creating fake currency and whereas with bitcoin it is not possible. Supply is very important difference, like it's important how it's made on the first place, two things that really make a difference in this world. I also think that bitcoin can clear some things in this current global economy situation, what we need is more transparency and I think that bitcoin can do a lot on that field. Bitcoin is much cleaner currency then any other, cash is dirty and who knows who touched it before you. With bitcoins we don't have such problems, let's keep the future clean. Yeah supply is very important because if there is no supply for an item then it is worthless. Bitcoin supply is limited but it can be a good one and a bad one. Good one, it is good for us bitcoin early investors (even investors this year) because it has a limited supply and soon its get maxed out then if the demand goes high then we are be going to be rich. Bad one, it is bad because not all the people in the world can get bitcoin so it is not applicable for a world wide adoption. |
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So many ways to get bitcoin.
1 - Bitcoin Mining |
2 - | Faucet - Bitcoin Free |
3 - | PTC or PTR Sites |
4 - | BitcoinTalk Signature Campaign |
5 - | Writing for blogs and news sites |
6 - | Playing games to get Bitcoins |
And much more besides that.
The only decent for me to earn bitcoins from you list is the number 4 and 5 because the rest is jut a waste of time especially the faucet because every few minutes it only gives you a small amount of satoshi that is not even enough for you to buy some food outside and bitcoin mining is so expensive and there is no assurance that you will earn money because sometimes the bitcoin mining rigs malfunction and you also need to consider the maintenance and bills for your bitcoin mining. |
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Today many people rely on bitcoin, in the sense that they are now focusing on the world of cryptocurrency, leaving their jobs
Is there something like this, is there any special tips because i want to focus but not yet dare?
You can focus on a lot of field that is related into bitcoin and i think it can help you to be rich faster than being employee in your work. You can focus here in our forum and focus on your signature campaign earnings and invest it and diversify it on trading and also investment to minimize the risk and it will give you a higher chance of getting profits. |
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I think you are one of the successful investor of litecoins and you already gained a lot of money with your investment so you are trying to make us think that litecoin is the best for cryptocurrencies to invest now, but i think no, because it is just pure manipulation in the market so we cannot all get profit in altcoins. |
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The only disadvantage of bitcoin at a moment is that its usage is very limited and even after having bitcoins in our wallet we cannot use them anywhere like fiat money and that is the biggest drawback of bitcoins.
bitcoin is not actually for that purpose according to my assumptions. i think mostly people from all around the world use it for investment purpose. they sale when price rise and purchase when it goes up and for sale and purchase of goods you can use it but it is accepted every where so, its better to use fait money for that purpose. I agree with you. As of now bitcoin is not that like the common currency like dollar that we can use everywhere and well known anywhere but bitcoin is just a new cryptocurrency and many people didn't know bitcoin so a lot of people that is interested to bitcoin doesn't have a choice but to just invest in bitcoin because they can't use it but they can hold bitcoin for a few years and earn money and just use it until bitcoin is widely accepted. |
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its very risky and that makes it so fun  Bitcoin investment is not that risky if you just know when to buy and when to sell. Every investment has risk but there is a possibility for every investor to minimize or get a less risk when investing by doing study about the news and also analyzing the market very well and because of those two there will be just a small chance of getting loss and also you will get a lesser risk than before. While what you say is correct, we need to have a plan, many newbies buy bitcoin without knowing what to expect and at the first sight of problems they sell not knowing that bitcoin is very variable and losing 10% in a day is not much for us, but a newbie gets scared and they lose money that way. The mistakes that we make with bitcoin leads for a loss. For this users misquote it as a risky investment. We cannot deny that investment with bitcoin has got risk but the risk can be overcome and profited based on the knowledge we acquire before starting to use bitcoin. Its easy for you to say that you just need to know when to Buy and Sell Bitcoin, but it is harder than that as of right now we are on the 1500$ level quickly you really don't know if it will have a price correction or it will continue to go up. With that being said Technical Analysis is one of the best ways to predict the market but it is not a guaranteed way that your predictions is accurate. Bitcoin investment is really one of the risky investments out there because you don't know where it will go, that is why trading is the best for it. I agree with your opinion, and maybe you can give more details about the technical as well as the best solution for investment in order not to lose money For now , holding bitcoin is the wise option since bitcoin is on up trend. It was amazing that bitcoin almost on decrease on this year instead it's keep increase overtime. I'm glad that bitcoin can beat other investment although bitcoin still well known as risky investment the way its keeps on increasing day by day. i think at this stage its price higher ever and it will rise upto some extend at the end of this year. i suggest to invest in it right now but although this is a riskey decission and you have to take risk in these situations. Anytime and any king of investment with bitcoin is risky because we can't see the future if the future will be good or bad because we are only basing to the situations that are currently going on. If you want to lessen the risk of investment in bitcoin then you can do two things, the first thing it to buy a lot of bitcoins now and keep it for long term and you will earn money and the second one is to buy bitcoin regularly so you are getting the average price each month and you have a lower risk because you are not just buying in one time. |
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I wanted/went to go transfer 0.00184008BTC to buy burstcoin, but it takes that much to make a transaction?  ?? Wtf happened to btc? Why is it so high? I mean what the fuck is going on in 2017? I think it is normal for bitcoin to charge very high fees on transactions because bitcoin world is getting bigger and bigger and a lot of people are embracing bitcoin as another type of cryptocurrencies and it just stressed the networks and the network cannot sustain it self so its charging a bigger fees for the miners to get more miners involved in the network and make the transaction faster. |
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Or is it just me lol? Can't complain thesedays, fat stacks just getting fatter  Some people like you and they are quite successful with it but I still haven't dared to do that and now still thinking about it for off all money in crypto for just in case, because the government has not legalized the bitcoin and had to wait some time to sell the bitcoin to the fiat. Yes do not put all your money in cryptocurrencies because the future is still not that clear so it will be a high risk for you to put all your money there. If you want to invest in cryptocurrencies then just put a little bit of your money for long term and i think that is enough for you to earn money because bitcoin price are pumping high and soon it will get a very high price like 5000 USD. |
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I have all my coins in on an online trading site (paxful) (low volume)
I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.
What is the best way to do this, and what's the best way of ensuring a backup?
How do you currently store your coins
thanks in advance for any inputs
for me i save it on local exchanger but for 5-10 years this is very high risk man.. i do not recommended you to save it for long time like 5-10 years . because nobody know about the price of bitcoin in the future Do not put your bitcoins in local exchange because even for just a few days it will still be risky for you because exchangers are very attractive for the hackers to hack and get money from that. It is better if you just buy hardware wallet and just put your bitcoins there and it is safer than local exchange and some of the hardware wallets are virus and malware proof so you are very safe. |
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prices continue to rise so that it benefits all users, at this time no one wants to sell bitcoin because price will sure continue to rise and the thing that makes the bitcoin always # 1 is the most profitable investment.
I agree with you that no one is willing to sell their bitcoins because they believe that the price will go up again and bitcoin possibly touch 2000 USD price in the next pumping price and that is a good price for the holders of bitcoin right now because if they buy a lot more then it is a good profit in the future . |
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Yes it already secured it's position in the year 2017, many people are now days looking some thing new in their daily life so my though is government should elaborate bitcoin technology through out the world wide and make announcement that bitcoin can use able like gold. Bitcoin is completely digital currency and is limited we cannot able to mine more than that like gold.
Well I think government would definitely make more moves to accept bitcoin but not so soon. The adoption of the government will not take too long for bitcoin to accept it because their eyes is now on the bitcoin because of the different news about bitcoin in the internet and especially the price of bitcoin is now moving up so its attracting the attention of the government officials and soon maybe next year the government will take a step to accept bitcoin. |
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