Trading seem to give a good return if you know what you are doing and/or lucky. Else, you could just lose your capital. I haven't started trading myself (just buying btc every now and then) but I suppose I'd just start small. Don't go all in in something your not familiar with.
As for investment, I'm not sure what you meant. If you mean investing btc into something that also pay btc, then be extra careful. There are plenty of sites there that would gladly take your bitcoin promising you good returns and then just run off with your money.
For people who are not comfortable with either trading or investing, maybe you can just buy and hold. Buy btc when it's low, cash out some when it's high, and then when it crashes again use that money to buy more.
Based on your statement and the last paragraph. I think it is all about trading because even though you investing you will still sell it for a higher price which is same as the principle of trading. You are not investing because you are trading, you will just choose if what you're gonna be in. In short term or long term  . |
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As long as the yearly performance is better than most other investments and currencies, I am not one to complain. Over 20% a year increase is very small for bitcoin, but already a big one for any other kind of investment. That is a testament to how well bitcoin has performed over the past few years and I hope this long term uptrend can be continued and sustained.
The movement of the price of bitcoin is the same as the previous year and wait a few months it will start to increase the same as previous year and then you will see a 100% increase in the price of bitcoin which like occurred in the previous year summer. What do you mean 100% increase in the price of Bitcoin? I don't think so if the price of Bitcoin will be increased up to 100% (if you mean $1100 x 2= $2200/BTC) but I think in this year, the price of Bitcoin will be rise 30-50% again, it's mean around at rate $1500 /BTC He means that the scene in previous year will happen again at the current year. Why he said 100%? Apr4 - Apr11 2015 = $220-$240 Apr4 - Apr11 2016 = $420-$426 Dec 2016 = $800 - less than $1000 Apr4 - APr11 2017 = $1190+ By looking at the growth and if we will based to his forecast, it can surpass 100% as seen in the past performance. 100% growth for bitcoin is so easy because it can happen base on the price history of it. I think the price of bitcoin can easily reach $2,000 if the adoptions will continue and if the network will be improved. Bitcoin never fails to surprise us and we need to get ready for the possible price soon and buy cheap bitcoins now. |
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I think that it is for the better because if bitcoin will be added into our financial system then it will make the payments very smooth. Just thru online and it will help the economy of a certain country. Bitcoin can also be use as another type of remittances which is very affordable with its fees. Bitcoin will surely change the finance for a better.
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There is nothing wrong in selling when they are making profits from it as that is the main purpose to invest money in bitcoins but generally people get panic and start selling their coins when they see price going down and result in loss and that should be avoided.
agree with you mate. are long as you still have profit then whats the matter? but if one panic sell just because the price is falling and you just to choose to sell it in a lost way, then that is the big problem. we all know that bitcoin is not for weak hands because the price is volatile. the only victim in this panic selling is the newbies in this crypto community. Panic selling is always there and you are right because most of the panic sellers in the market are the newbies because they didn't have knowledge about bitcoin and they just think if the price is falling that bitcoin will not bounce back. If they have enough knowledge then it will be hard for them to sell at a low price because average or a user with a lot of knowledge will always sell at the top. |
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Holding gold and bitcoin is one of the best thing to add from your plan for long term investment because if you add those two in your investment portfolio then you will surely earn money in the future from just holding and doing nothing. Just look what does the price of bitcoin in at least past 6 months and compare it now, you can see that it jumped big from that price then now. Just imagine how much you will earn if you just not hold it for 6 months . |
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Should I sell now ?
Yes, the price is already high dont wait for it to go down again. Converted my btc this morning when the price is at 1200$ . Hope i made a good decision. Sometimes it is better for you to convert your BTC into fiat, but if you can hold your bitcoin furthermore means you can make another 200$ profit because after many speculation and rumors, now bitcoin price is increasing after Japan declares bitcoin as legal currency in their country. Yes, i think japan will be the first accepting the bitcoin as a legal payment in the future and i hope more retail will be following it. the price will always increase in the future. The price of bitcoin has jumped again after a big drop a few months ago. The spike was probably caused by Japan who declared that they will start accepting bitcoin as a form of payment in exchange for goods and services. Though Japan does not look at bitcoin as a currency but their acceptance will bring about a major impact on the bitcoins price in the market. Yes the price of bitcoin now is caused of the hype of the massive update of the country of Japan which accepts bitcoin as their additional payment system. This news will be a great impact and will be a greater if they will continue this kind of project. Japan is one of the advance country in the Asia and for sure other countries in Asia will follow the foot steps of Japan in accepting bitcoin. |
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Bitcoin is worth because of the reputation it have now as you can see the bitcoin is spreading all over the world and making it name as a digital currency and we know as of now the cryptocurrency. And the most is the price of the bitcoin the highest price among all currency.
The increased price and the reputation gained by the coin makes it worth. Another thing is that it is the only digital currency that was long lasting without any flaws. Even when problems arise it gets sought out in a short time span moving forward towards growth. Yes bitcoin recovers fast from its problem because of the big community behind it that ready to help and give ideas in order to solve the problem as soon as possible. Bitcoin is the only cryptocurrency that is older than others and still stand out because of its reputation in the long run so that is why people still choose bitcoin even though it is more expensive than others. |
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Some day in the future, you will realize that the best time to invest was not today, but some other day in the future, when prices were low. But with the information that you have today, the best time to invest is still today, because you do not know when prices will be low, and you do know that the longer you hold your investment, the more time it has to grow.
Toughts?
Bitcoin price is stable now and it will not drop immediately like past so if you want to invest in bitcoin then invest don't wait for price to decrease or low, because it becoming popular day by day and people investing their money in bitcoins which increases the value of bitcoin and aid bitcoin to retain top position in the digital market. Yes day by day the bitcoin is getting stronger because of the people who are still investing in bitcoin even though of its price now because they also believe that bitcoin will go to the top soon because of its developments and adoptions like in the country of Japan where there is a massive adoption and that is what bitcoin users likes because it means pump in the price. |
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I think Zcash is the coin are good, I also save Zcash, but overall I think the bitcoin is the best among all the cryptocurrency at the moment, but I'm sure one day will be beat by altcoin.
Yes i also believe that bitcoin will be defeated by altcoin by i don't think it will happen soon because it will take a lot of times before any altcoin do that because bitcoin now is very strong and the community behind bitcoin is very big, So i don't think there is a possibility now that bitcoin will be replace by another one. I think after 20 years, there will be an altcoin who will replace bitcoin that is better and stronger. |
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I think there is no problem when other people don't like bitcoin because that is their own perspective and we don't need to force them to like bitcoin because in the first place they see bitcoin like a bad thing so they will not get interested with bitcoin. Just leave them and let them think what they want because soon i believe they will like bitcoin if they see something big on it.
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Bitcoin can be used to support different terrorist organizations because of being anonymous of bitcoin it can easily transfer from one account to the bad people without even noticing it because the bitcoin is anonymous and secure. If that happens, i think government will take an action like banning it and stopping bitcoin operation but i hope that those things won't happen.
They can't condemn bitcoin just because of that, their own currency is also being use in illegal transactions, it would be a hypocritical move if they blame bitcoin just because it is being used by the terrorist  Yes we know that even though their real money is being used in doing illegal transactions but did you know that it is easier to give money thru bitcoin and it will be more safer? Because imagine if a rich man will support terrorist then if he withdraw money from his account, it will reflection on his bank account and the government might investigate that while in bitcoin if you send and withdraw money there is no traces that might put you in danger. So bitcoin is more prone for being used in terrorism. |
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Well in some countries, Bitcoin is banned. But eventhough they don't encourageusing it, there are still lots of people using it in secret. They cannot monitor who uses Bitcoin because one of its characteristics is you can use it even without proper identification of the user.
i do not think that bitcoin i still banned anywhere, although most of the countries have no statement about bitcoin but still it does not mean that they have banned bitcoin. hope that ver soon they will consider bitcoin as legal currency of the world. No, there are countries where Bitcoin is illegal to use and you will be penalized if you own it. I don't know if that law is being respected or not though. For instance bitcoin used to be illegal in Thailand, in 2013 Bank of Thailand declared bitcoin illegal, they changed their stance in 2016 where they said that it is not illegal but still advised against using it. Bitcoin was briefly banned in Russia and Indonesia too. Currently Bitcoin is banned in Ecuador, Bolivia and Vietnam. Recently India stated it as illegal, though no strict policy has been fixed, neither it is banned. Now if its banned then, people will find ways to use it, but number of users will decrease It's not stated as an illegal asset, it's been taken forward to the government's view about such an existence of digital currency. But no regulations were made to completely stop the bitcoin use within the country as it doesn't make any impact on the economy. Yes there is no law or legal regulations that is against bitcoin and has a right to completely stop it from being used in the country. The only thing that makes bitcoin illegal are those underground people who use it as a payment method to do things illegal like buying and selling drugs and because of that it make government thinks that it is a bad thing to be in their country and they banned them but they didn't imagine that they need to ban or arrest those people and not bitcoin. |
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Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
i think bitcoin would not be replace by another cryptocurrency because of its popularity and its features.but if the another currency which would more advance than bitcoin,and having more features than bitcoin could be replace. There are many altcoins with better features than bitcoin yet bitcoin #1, no matter how many new feature a new altcoin brings bitcoin will always be #1. nothing can replace bitcoin!  Yes I see a lot of changes with different coins and yet it cannot surpass bitcoin. I guess it is still about trust and being the pioneer strengthens that trust. Many bitcoin users may have switched to other coins but they didn't leave their bitcoin wallets zero. They will still leave something for the we dont know when it could increase. We still look forward for that. Yes a lot of bitcoin users are using another kind of cryptocurrency for trading and also for their own purpose. Even though there is no altcoin that surpass the bitcoin, i still believed there is still a chance for bitcoin to be replaced because bitcoin is getting older and most of its features doesn't justify now just like the fast transactions. |
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I don't think we need hardfork because we don't really need that. We just only need a team that can support bitcoin very well and try to maintain it on its good performance and sustain the needs of the growing amount of the bitcoin users. That is what we need and we don't need hardfork or another cloned coin just to ease the things up.
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I don't know the whole thing or the ways of earning bitcoins. But i will try my best to list the possible ways to earn bitcoins.
*Signature campaign - this is the very common way of earning bitcoin especially in our forum but it needs a minimum rank of at least full member to earn decent profits.
*Freelance - this is a way easier than signature campaign because you don't need too much effort in posting because you just do a hobby and you will earn money because of that.
*Trading - one of the common ways and one of the most effective way of earning where you do buy low sell high scheme and you will just need to choice a coin from an exchanger site.
Those three are the most common and one of the effective and stable way to earn bitcoins and you just need to pick from one of those and focus on that and you will earn decent amount of bitcoins.
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bitcoin could reduce greatly the cost of money transmission, if all the countries were to use it instead of rely on bank
think about the possibility to have a world with only one currency wthout any bank or people that work there
you would have a world with far less useless infrastructure and fee that need to be spend to pay who work on the bank and for maintanace(atm bank itself etc...) everyday
If you are talking about the one currency for the world using bitcoin then you are day dreaming, because that is impossible. Just imagine if our world will use a currency or cryptocurrency that has limited supply, can you imagine what will be the effect in the market? The price will not be stable because a lot of people are demanding for it and if that happens, we will be on chaos because of shortage of the supply because compare to the supply of bitcoin to the overall population of humans then that is your answer. |
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I voted yes, because I own more than 1 BTC. Nowadays, buying Bitcoin is getting easier than before.
In my opinion, the reason why most of the people don't have 1 BTC is because they just do not know enough about Bitcoin.
While others, rush to sale their Bitcoins as soon as they get small profits. It might be wise to keep your BTC for the long term.
Actually, I believe holding 3 BTC is better than just holding 1 BTC.
The more you have the better as it will give you more chance to get more profit, I'm holding more than 1 BTC of course I combine the bitcoins I bouth back then and the earing that I made working online. Also, I'm a bit good in trading now so I'm getting that in trading as well and so far I'm in the profit side. I also holds more than 1 bitcoin around 5-7 bitcoins in my cold storage and 1.5 bitcoin in my hot wallet. I use the 1.5 bitcoins for capital in trading because like you, i also do trading and i'm an average trader and a made a lot of profit in trading xrp,ltc,eth in the poloniex market and my profits goes to my cold storage for long term purposes and to have a chance for bigger profits. |
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With bitcoin you can make a nice profit with the volatility. More people I'll join sontje demand goes up and so will the price. If more pope share something then it needed to be debided up more.
Volatility doesn't guarantee you certain profits. It all depends on luck and timing. That said, the user base is expanding rapidly right now after years of stagnation, as Bitcoin is getting a lot of media attention (although not all of them are showing the currency in a positive light). I think the key is to be well informed. From the past up and down, almost certain that there is some important development. Whoever has assess to fast information will be able to profit most. I agree that whoever have the access to fast information will make a lot of profit because that is very true for me, because if you already knew something big and good news for bitcoin then you can start buying stocks for your own and after you buy bitcoins then you can start spreading the good big news and because of that it will help the market to pump high and you can earn or get a profit easily. |
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If anyone says banks disappear because of the bitcoin, then emphatically I say it was impossible, that could make the banks disappear is the government policy not another.
Banks will not disappear what ever happens because banks are required in our society to balance things like flow of the money and the storage of most of the money in the world, if there is no bank then the money of the world will be in danger and crimes will occur more often. |
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Bitcoin can be used to support different terrorist organizations because of being anonymous of bitcoin it can easily transfer from one account to the bad people without even noticing it because the bitcoin is anonymous and secure. If that happens, i think government will take an action like banning it and stopping bitcoin operation but i hope that those things won't happen.
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