We are down again from yesterday's price and that just goes to show us that bitcoin's price cannot be expected to be stable in its early stage of existence. There are quite a lot of factors that make the price behave that way. I think these fluctuations are going to continue for the next few years until bitcoin has a solid base of users that uses it on a regular basis.
You are right but I already knew this, of course the bitcoin is not stable and its also not predictable, it can go up in a hour but also go down after such an hour. The bitcoin is fluctuating all the time and is mostly not standing long on one number... Inflantions and fluctuations are just normal on bitcoin price since there are factors that do affect on its movement. Previously bitcoins price become stable a quite time then it suddenly rises and now it start to go down again. Same as you said we really dont know what would be the price on upcoming events or time, |
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Right now I have a couple bitcoin saved about 6.72. I am trying very hard to reach the 10 bitcoin and be prepared for any price jumps. My plan is to have 10 by the end of 2016, cause i firmly believe 2017 will be the year of bitcoin and for bitcoin. I'm hoping to see prices going over 1k and then I could sell 10 of them which would be nice profit.
You have descent amount of coins and if you try to trade smartly with them then I think you will be holding more then 10 btc by the end of the year as of now I am having only 3 btc with me, hoping for some more in future. 6.72 bitcoins is decent enough to do tradings and how i wish that i could even reach those amounts because i do only posses only 1btc since in the first place when i came to bitcoin world. Trading would possibly achieve amount on the end of the year but it really depends on how you trade and also on luck. |
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Like in the Topic said.
How would u guys explain Bitcoin to your Girlfriend!
cheers
I will gift gift her few bitcoin. Then she will feel , what the shit is this. Then comes the story. I will explain each part and process of earning and dealing with bitcoin. She will really fall in love with bitcoin because girls loved to shop so with her extra income she could earn extra for her shopping Physical bitcoin would you give? Then for sure you must give it and there must be a store that would accept bitcoin physically on your place. If you intend to give bitcoin itself and theres no shop to spent on for sure it would be useless since she would need to exchange it to fiat before she could spent those. |
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I do not know a way to get a steady income in crypto... I can say that trading can give you a good income, but I don't think you will get a steady income there. If you diversify with some other tasks, this might help you.
No steady income there. It will be at the basis of how it will fluctuate. If it does not then there will be no profit for one day. So still better have a day job while producing more income in trading. Then a business to start would be the best choice for a steady income. There are chances of loss in business too if you take any wrong decision, best way to get steady income is to have a full time job where you get fixed and stable income in the form of salary. Much better is to have multiple source of income, people need to have business that can produce income in everyday lives and also if possible to have full time job is much better then insert the earning in bitcoin i think you can get the stable income on that methods. Its really better to have many source of income when we are living because we could put some assurance to ourselves that we would do experience such problems regarding on financial state thats why we should think on how we would achieve it. Leverage incomes would be the best thing to do. |
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we should show them how the bitcoin works. we have to prove its existence and the big question ia that bitcoin price is so voilent
Yes the big problem not question is that the price is so volatile and all over the place, this is not assuring at all for any company so they wouldn't want to adopt it. As the price gets more stable we can start to encourage them, they'd like the idea more and would see the benefits over the cons that bitcoin has. volatility of the price could be resolved by using bitcoin payment API that exchange the bitcoin equivalent amount to dollar directly when the bitcoin just received and being confirmed so there's no point worrying about volatility unless you're not using the API Thats right because no matter how volatile of the bitcoins price when you use API the conversion would be still the same and it equals to the value in dollar rate. If any company would use it then there would be no hindrance about price movements. |
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Why quit if your earning big amount of money on your job. You can only quit if your already tired on your work and decided to have a homebased job which is bitcoin.
There are a lot of reasons to quit your day job even if you are being paid generously. Like you are already tired of going to your day job or you do not want your boss. If bitcoin can offer you a way out of boring office jobs, then you can take it. Yeah if you want to be your own boss then you can go full time with bitcoins but you need to make sure that you are earning higher income in compare to your day job and try to multiply your earnings so even if price goes lower it won't make much difference to you. Agree, on bitcoin world you are the boss and no one would command you on what thing you are going to do but as we all know and mostly people said here that switching to bitcoin fulltime would be risky since of its unstable price and theres no guarantee to make stable income. |
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Hi, i am newbie and i saw a few posts stating about signature campaign for newbie. can anyone explain how signature campaign works and how i can apply for the position in the sig. campaign?
As a newbie no one campaign accept you, so when your rank change than you should apply in service section, and also search about campaign who need it than you apply, definitely you will be accept but mostly campaigns want good quality of posts, so if you work good than no problem for you. There still some campaigns do accept newbies like 777coin and bitvest which they allow new account but still you would have to make a good quality post in able to be considered to joined on those campaigns thats why its important to rank up with good qaulity post so that you would not have a hard time to be accepted . |
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BTC/altcoin because there are more pumps --> better chance to make more money in one go
As much as agree with this, the possibility of losing money is bigger. The more volatile the market is the riskier of losing is bigger but on the other side, profits is bigger in this one. That is why altcoin market produce new millionaire and new broke everyday. But if we know the basic of trading, then i think we are fine. You have a point, depending on volatility the more it is the more its profitable as same as you said. Compare on bitcoin/fiat trading which is somehow have slow movement of its price which is somewhat not ideal for investors or some traders since they like on active moving prices. |
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in my country Indonesia, bitcoin is not so popular. Bitcoin users in Indonesia is still small compared with the total population of Indonesia, the ratio is only one in 1,000 people in Indonesia who use Bitcoin
Not only in Indonesia but in Asia itself bitcoins are not so popular and we can't buy any items directly using bitcoins in Asia. In my country also it is not so popular but here got a couple of bitcoins ATM machine. I never see anyone accepting bitcoins in any stores yet. Yeah it will take time for Asian countries to cope up with American and European countries as those are very active in bitcoins and they have many offline stores too. Just as expected since American and european countries are always on the lead on anything. Ex. technology, economic status etc. True, asian and other countries would take time to adopt bitcoin compare on what on the status of 1st world countries whos are being mentioned. |
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Skill and luck they both matter alot actually. There's always luck involved and always skill involved but the thing is if you have skill you higher your chances. If you only depend on luck then alot of times things will go wrong. With skill you will be more consistent then just luck.
Both would be required to gain success on a certain thing like on trading but same as you said that you cant rely on luck only but you would need a skill to sustain on your trading career or any other industry. Skills would surely lead you on positive result but luck is somewhat needed too. |
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I see more and more acrticles of bitcoin being used for illegal activities
will this hurt bitcoin in the long run , will governments ban this just like they started to do wih paying in cash for some services
to harden the use of illegal , and money laundering
porn and gambling are illegal in some countries,i also wondering how will goverment reaction if many people use bicoin for that activity,but nything happen with bitcoin,i still trust in bitcoin. Allot of people are using bitcoins for illegal shit because they cant get caucht by doign it with the bitcoin because they cant trace it and that makes it better for illegal persons to pay things thanks to bitcoin.... That is actually the bad part of bitcoin. They can freely do transactions that cannot be traced. It is not really meant for that but they jusy keep on abusing it for the purpose of making a large amount of money in a faster way. We will find both types of people in real world some will use it for good and some of them will use it for bad, but the fact is the percentage of using for illegal activities is higher and that creates a negative impression in the minds of people. For sure since bitcoin is commonly used on deep web or dark net on doing illegal things and it really gives a bad image to bitcoin but this thing is reality and we cant do anything about it or on how to stop it since bitcoin is known for its anonymity thats why its commonly used there. |
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I was thinking of putting together a project and this brought it to mind. It would be Bitcoin insurance. Basically a wallet that is fed from your pay or however, but on a regular basis. The company that creates the insurance holds the private keys and that keep people from hitting their wallets every time they see a new toy out there.
This could be bad at start. How will you gain their trust first. You need a lot of spending before they would trust you. What else is bad here. You hold the private keys so a mess could possibly happen if you are the one hacked. They cant even do a thing. That business would not work, and you cannot just sell that when you are in desperate need of money, you better take a loan in the bank and you get all your properties as your collateral so you can avail. You can loan in the bank if you have a stable work but if you dont have any work you can not take a loan.. If you desperate you can only get or borrow money in your family.. well of course you can take the loan any time but i really dont think that it is a good idea to do that because basically you would would be fucked as you would have to give bigger amounts of money to your bank and i really dont like that to be honest i think that if i was in a desperate need of money i would just sell all the bitcoins i have at the moment, even though i dont have a lot of bitcoins right now it would still help me a little bit to cope with all the problems so i would never take a loan for sure, i would do everything to get the money but never to take it from the banks because if you do that then you sometimes dont manage to pay it back and then even bigger problems start in my opinion, though those are just my ideas Well interest on banks are insane especially when you do experience to overdue and for sure you would cry on the interest rates that would possibly lead you to deep debt in the future. Loaning in banks would be risky to as long you have the way to pay it then no worries but if you are unsure on this thing then you shall not proceed at all. |
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what is the safest way to save a large amount of coins, is it paper ? if so can paper coins be transferred to any wallet?
To store coins long term (i.e. cold storage), paper wallets are usually the recommended method. This is only if you don't plan on spending those coins. also web wallets what are some of the most respected ones, is blockchain.info a good wallet, if it goes down can i redeem my bitcoins on another site?
Blockchain.info is not really a good web wallet. In fact, basically every single web wallet is pretty bad. Most of them don't allow you to access the private keys, so if they do go down, then there is no way for you to recover your Bitcoin. also with blockchain do i have to re backup my coins every time i spend some?
With their new wallets which are BIP32 HD wallets, no you will only need to backup once.
I highly recommend that you use a desktop wallet such as Electrum or Bitcoin Core, especially if you are dealing with a lot of coins. I agree with this if you have large amount of bitcoin then its somewhat safe if you store it on electrum or bitcoin core since you could have private keys incase of emergency and also you could make use of hardware wallets as long you keep it on a safe place. |
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Modified the more famous martingale script available all over the internet so that it extends the game play with some added tricks and tweaks to the script so that it takes its own time to run, with little profits along the way.
So you used strategy which is known for often bankrupting players, is debunked as not working way to play dice when odds of winning are constant and you expected it to work? You can't beat a house like that. The only way is to get lucky while playing high and then stop playing. You are right, claiming martingale script is just been busted longtime ago on dice sites which no matter how you added tweaks and tricks the result would be still the same which is lossing. We cant really beat the house itself since it has the advantage over us players since in the beginning when we play gambling. |
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Sell everything now could be one of the worst things you can do. The markets and the world economy are changing and, from my point of view, there are good signs for bitcoin.
We are already experiencing it hence the price of bitcoin is gradually decreasing and one things for sure on what reason and thats is selling their coins when bitcoin price hits at $630 . As we can see bitcoins price is really affected well this is only a normal thing thats why bitcoins price is too volatile. |
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Just try to find other thing that you like to do like reading books
Yeah seeking other stuffs to entertain you will help and find something that is not risky. For me friends can also help and especially real friends that are really care about you. Bond with them will also help to forget about gambling. doing outdoor activities with friends is definitely a good way to stay away from gambling. How about biking around the city or mountain climbing? Or just spending quality time with friends doing charity works? I know this is very ideal but it can be done, right? Just make sure that the one you are replacing gambling with is something positive activities. Activities would really help you to forget gambling as long your mind is focusing into something for sure he wouldnt mind to play gambling again, just make yourself busy and gradually you would forget to play gambling and as long as you can you must stay way to things that are connected to gambling so you wont be tempted to play again. |
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Im sorry but there is no 100% winning shot in gambling. Also no one can win in the long run in gambling maybe its just you hadnt encountered that streak in that multiplier yet but for sure there will be.
True, theres no 100% on playing gambling even in bustabit, well you are lucky that you didnt experience lossing streaks since almost of gambling games do usually get busted their players on long lossing streaks. For sure OP would definitely experience that in the long run. One things for sure 100% doesnt exist. |
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Of course it can be rigged. Gambling is retarded. Why would you even gamble, if not for fun with cents?
You can gamble just for fun. I'm doing it, and it really is fun. There are websites like PrimeDice featuring faucets too, so you're getting free money to play with. Not only primedice but many other sites give your free money to try their games but if your gambling only for fun then you should do it only sometimes instead playing every day because it may slowly lead you to addiction and later on you may start playing with your many and end up losing a lot of money in gambling. So you should very careful even though you're playing with free money. I think Fortunejack, Rollins and some more sites also give free coins to play. So you can use these sites also to play for fun. With free coin we can just play for fun here, we will not make money. But yes this lead us to addict to gambling. We can not play more time with free coins it will get bored and the games also not exciting because it's free right if we lose also we don't care. Playing with this free satoshis would definitely make you a gambling addict when you intend to play almost everyday. It wont really hurt us if we lose those money but on the time we won on that free money then lose in the end our emotion would build up to deposit our money to expand your betting style. I believe this kind of strategy of gambling sites help to get players from their site. IMHO nice assessment mate its really the intention of that free money allowing you to keep winning at first then when you almost feel that you can win big that's the time you will lose i don't know if that's your luck or just a wrong timing for your bet letting you decide to place your own money and loses it in your way playing. Thats what im thinking too that these things are just propaganda or ways of a website to get potential players which would really play on their site and would give additional profits for them. I dont really play on those free satoshis on a certain gambling site since i dont really play gambling at all.  |
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why is it dropping like that???SD{}FDS{:
i have about 10 btc.. i have lost like $400 so far FUCK!!!!!! and i dont even have the time to transfer it and sell it before it craches becaue it would take ages!!! what the hell do i do??? Well thats part of the risk on investing on bitcoin since we really dont know on what would be the price of bitcoin in upcoming hours or days. One things for sure on bitcoin sudden price drop maybe lots of holder have sold their bitcoin when the price hits $630 which causes the price is lowering now. |
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for sure? no one can predict the future.. damn, ur in the forum that loves bitcoin and ur talking that bitcoin is dead.. i dont know whats ur agenda in posting this topic.. bitcoin has been dead many times.. whats been dead wont die..  Yup and I don't think bitcoin will die very soon, its still in its primary stage and we should give it some more time to grow and once we see mass adoption in future, we can also expect higher price. Even though bitcoin suffers from price drops and dumps but still it continous to recover in a matter of time. This means that bitcoin wont easily die even how it price moves down and also its has already many big investors on it. Millions and millions and dollars is already involved with this matter. |
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