Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.
Both has its own advantages and disadvantages properties. Bitcoin is better than regular currency when your aim is to get profits while the regular currency just keep on depreciating its value.On the other hand, regular currency is better when it comes to accessibility and acceptability. You can pay anywhere in your local area at the smallest amount and everyone will accept it without any doubts and questions. While bitcoin is not yet accepted by everyone. So, I'd better choose both. I need cash, but I also need bitcoin for more earnings. |
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Can this actually be true?
This is nothing but a wild speculation you should not count on it, of course I and all the forum will be very happy if bitcoin reached that price but it is almost impossible that is going to happen especially since adoption will need to grow almost exponentially in order to reach that price, however that does not mean that bitcoin is not going to grow, it will but at a slower rate. Guys it's not the predictions of wall street. It's the prediction of a news source and that's all. But this doesn't mean that seeing $55,000 not possible. Bitcoin still paving a way for innovation and this economic innovation will rise much more. Yes, I believe this is possible to happen. So it never too late to buy bitcoin now! This kind of posts should be the one circulating the news and to this forum. Not those bad news due to banning of China. News and rumors have impacts on bitcoin's price. |
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Everyday? Daytrading i guess, lol. And you also risk losing it in the process... Theres "no free lunch" in this world, people gotta learn that hard truth sooner or later  Agree. This is just too good to be true. But, it can possibly happen if you have at least 3BTC and do the risky trading. But the question is, do you have 3 BTC? If you still don't have that amount, earn it first to any means you know that you are capable of doing. Then once you have it, study very hard all about trading and there you go! You can now possibly earn $40 a day but you can also possibly lose that $40 in a day. That's the hard truth. This is life. We need to work for it. |
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How much would you make as first amount? I was thinking £50 bit even if this times by even 10 that's only 500.
Would 300 be a more realistic start
Start an amount that you can afford to lose. Investing your money is not always guaranteed that you will gain profit from it. And the most important thing to do is to know where to invest your money and know how it will work. If it is too good to be true, then definitely that's not true. If you want to trade, learn and know all the strategies used. Just be vigilant and smart in everything you do. |
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China banning bitcoin exchanges will surely affect bitcoin prices. People will surely urgently sell or trade their bitcoin for lower prices due to panic and fear. But prices will recover.
Yes, I agree to this. China is a big country. If China banned bitcoin exchange, many bitcoin holders will dump their bitcoins. We already had seen the effect of it. The price did go down. But of course it will bounce back. With people's trust in bitcoin, they will make this an opportunity to buy bitcoin because the value is low, so the more demand, the price will go high. And yes, it will recover soon. |
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Which is more profitable, trading in Bitcoin/Altcoins or trading in stock market?? I have some bitter experience trading in stock market, and I am some what new to this Crypto trading, so please share your thoughts.  Based on my research, trading in crypto is more profitable because it is more volatile, the more volatile it is, the more chances of profits you will have as long as you have the skill in trading. However, trading in crypto is also more risky than trading in stock market. So, it depends on how you deal with it and what matters most to you. |
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Would you accept bitcoin as your salary in your profession, especially if you work in other country?
For me yes I will accept bitcoin because we can exchange it in our local currency.
Yes of course! I will definely accept it because we always had a choice to convert it into our local currency. It is still money afterall. The more bitcoin in my e-wallet, the better it is! I firmly believe that bitcoin will continue to rise in the coming years. |
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Personally I think if Bitcoin fails, there's going to be a lot of scepticism around other coins for quite a while, unless some seriously crazy PR happens. My grandmother has heard of Bitcoin. Ask her about other altcoins, not so much...
Exactly. Bitcoin is known, at least to some extent, to many people. Other coins, no matter how better they might be, are far from being known. And it may take 20 years, if not more, until people in general will start to be interested in other crypto currencies. And I don't blame them. All that hype about new cryptos that they are "better than Bitcoin in many ways" is mostly not true and it is very hard to distinguish lies from truth, so why bother if Bitcoin is not so bad overall. I agree with you mate, Bitcoin is the father of all crypto currencies. The trust on being the first crypto is something indespensible. People always have the impression that the original is the genuine one and all other coins are just copy cut. Though they will try to claim that they are better but because people think that this world is full of deceivers and take people, most likely they are not going to trust another bitcoin. The most popular will always be the most powerful. |
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Any ideas on how to spot a bitcoin scam?
Always remember this, If it's too good to be true, then it is not true. Lots of scammers will guarantee you a %profit by just doing nothing. This is very inviting and there are still lots people fell for it. A true investment and business should be done by hardwork and that you have to do something in order to grow your profit or business. You also have to make your own calculation if it is possible or not. If it sounds unreal, then just believe that it's not real after all. |
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Cryptocurrency is representing a dream...a dream when we can get away from the control, power and influence of the government most especially with finance and economy. This includes minimizing the control of central banking on matter on matters of policies and economic direction.
However, correct me if I am wrong, the battle has not yet started and it looks we the many Bitcoin or crypto enthusiasts are on the losing side. We have just witnessed how a single pronouncement or a news can drastically affect the value of the Bitcoin market.
Now, what would happen if many of the big governments would one day declare Bitcoin to be illegal? Will it mean that realistically it is the government who is winning in this battle? Or is there really a battle in the first place?
Tell me your convictions and dreams regarding Bitcoin.
In my own opinion, it is not the government that scares cryptocurrency. China banned ICO because there are lits if scammers out there. I have recently joined a social media group of bitcoin earners and as what I had found out 99% of it are all scam! Since bitcoin became popular and the price gets high, people became so greedy that they are willing to trade their soul just to own a bitcoin. However, I know this is not the end of bitcoin world.These are just one of the trials that bitcoin has to face. Bitcoin have come this far and surely it will never give up just like that. |
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Is this the beginning of the death of Bitcoin? Well, the topic is now resurrecting again now that Bitcoin just experienced one of the biggest bloodbaths ever in its trading history. And this the trend right now for the whole cryptocurrency market...we are seeing waves of red all over.
No wonder the FUD community is now having a fiesta...they think that this can be the start of the end of the world...I mean the end of Bitcoin and that it can crashed soon towards the $100 price.
Are they kidding me?
Death of bitcoin? Absolutely not. Bitcoin still had years to live. But of course it may down for I guess weeks or months for I believe in a sinusoidal trend in market. Whatever goes up, must go down. For me, it will probably go down this November. And whenever there's a dip, it's the best time to buy! So we must all grab the opportunity if it goes low because years from now it will cost 1 Lamborghini!:) |
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Guys, this is serious. Never borrow money from banks or your firends to buy bitcoin or other altcoins. This is too risky. You might be under a market crash and you can't pay them back. This makes you extremely stressful.
Yes, I agree with you mate. Loans are too risky just to buy bitcoin. Better invest in bitcoin if you have extra money. Well back from the OP's question, it is also risky to lend your btc to someone. A collateral must be required like any property the borrower had.Well, with the amount of BTC he got (800btc) , if this is really true, just forget about loaning option, just convert some of it into fiat and enjoy life. Then hold the remaining coins for the future. |
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for me both frustration (that i have not invested) and amazed from the value today and back then.
i think its neccesarry to check the history and act upon it.
the picture is from january 2017:
~ slip ~
Lmao, just let it go man and move on. I also regret that i don't invest big on bitcoin and Ethereum on that that. We never know Bitcoin, Ethereum and Litecoin can increase so damn high until right now but lesson learned. If you think some altcoin or even bitcoin will go high again in the future, just go invest it. There's no point of crying over spilled milk. We don't really know what lies ahead. If only we knew about it then I guess most of us now are all millionaires. That's really part of the game, you will never know who will win but if you tried your best in every situation you'll encounter, then you won't regret it at all. So, let's move on and see what happens next. The most important is we'll do our best in earning bitcoin and decide what is best for now and for the future. |
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I don't trust all these HYIP websites and I'm looking for a more reliable way to invest.
Any suggestions?
Investing into ICOs will be a good idea especially if you want bigger profit, it will just be a bit risky. You may also invest to bitcoin buying in which you'll buy Butcoin during the dumps or when its market value is low and will just hold it for a long time. And if the price is right, sell it and do the same thing to make yiur profit continuous are also, bigger. Buying Bitcoin is the best thing to do. Developing an investment plan is key. But allocating percentages based on risk is important. Simply buy low and sell high. By that it would grow your bitcoins. Instead of trading btc to usd it would be good choice to trade btc with altcoins as you will be making higher profits from it in short term but if you don't have any knowledge of trading then better to buy bitcoin and hold it for future to make good profits from it. I agree with you mate. Trading is the best way to grow your bitcoin. Firstly, you have to study how to do trading for with lack of knowledge how to do it, you will just end up losing. Well if you don't have the skill in trading, find someone you trust with advance skill in trading and make him/her trade your bitcoin. You will have to agree though on how much sharing percentage you will have to share with the profit. |
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Is it enough to be smart with just nothing to lean on and go on with your life? Because i feel that there are a lot of people who doesn't know how to handle their money with regards to see in the future. Is it enough to be smart and not be strategical or somewhat a person who has a lot of experience. Who would you choose?
For me it is required to be a master of both things like of course you can not have experience if you are not going to try and some people would think it's a waste of their time if they are doing what they know already like repeating their work over and over again. So it should be in a balance.
Yeah definitely. Mastering it both is the best way. But I have my own definition of being smart. A smart person knows how to handle life and how to handle money.If you are just smart academically but you don't have financial knowledge, most probably you will caught up in a rat race world and end up being broke. So for me, you are not smart if you lack financial knowledge. It should be both ways. |
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Guys sorry for this question above but I would like to ask here that
What is the difference of Trading to Investing?
though I know that I can search it in google but I want an answer from those people who have already experienced this two.
Thank you.
I hope you can help me in my confusion..
In my own understanding without looking at google  , investing is you are spending your money into something like shares, bonds, properties that hoping to gain profit from it over time. It can also be putting it into a real business and you do all the efforts to grow it. You can also invest through franchising. While trading involves buying and selling something or stocks or bitcoins and you do all the strategies in order to profit. You have to be more skilled in trading and more updated in current events. Both are risky, but I choose investing to have lesser risk than trading. |
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Bitcoin will surely have it's price drop before the year end because for sure many will be selling their coins for the holiday season also like what's always happening when bitcoin price pump a sudden decrease in price first then after few days it will rise again with a very high appreciation. I am waiting for the day that it will drop so I can have my investment in bitcoin for this year.
I do not think it will happen at the end of this year, I think until the end of the year bitcoin will not decrease, but will continue at the pump until the end of the year, because many new investors who have understood bitcoin and move from stock exchange to bitcoin stock in year this, for high class players, later this year will not affect them to sell the bitcoin they plant I have my own analysis that it will fall at around November or December. It will probably drop at around $4k. However, still hold your bitcoin now because it will still rise up this September to October at around $7k. Next year will still be a more profitable year as it will continue to rise despite of the ups and downs. More and more people wants to earn bitcoin next year! |
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Movies ? gambling sites ? exchanges ? what kind of service you want to see involved with Bitcoin more ?
I really want to have a bitcoin ATM in my country where you can easily withdraw bitcoin from your e-wallet. And it could be great that malls will be accepting bitcoin where they can easily transact it like credit cards. And also in restaurants and school for tuition fees. By that time for sure bitcoin will be more popular and more people will love to have it. So the more demand, so is the price. |
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Can you teach me on how to invest in bitcoin wisely? I have a tight budget for it!
Hi! The first thing you need to do is to learn more in what you are investing.Gather all the information on how it will work and think about it many times. The most important thing is you know what you are investing. And then once you have decided on where you are going to invest, always start small like $50-$100. Then once you have proven that it is profitable then increase it gradually but always know the risk behind. Good luck. |
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I recently paid for some local tacos using Bitcoin. My friend who was unfamilar with Bitcoin thought it was strange, like I technically didn't pay for them or something. We got into discussing Bitcoin and one of the questions he asked me was:
"Why would you want Bitcoins instead of cash?". For a second I didn't know what to say; then I thought about it and here is what I came up with. Feel free to contribute to this.
1) More security (especially if you are careful).
2) Bitcoins are a potential investment, cash is not. Paper currency only really goes down in value, Bitcoins have a lot of potential to be worth more as time goes on.
3) Fast, worldwide transactions at your fingertips.
4) Similar to #3, but it's a universal currency. It's legal in most countries of the world and you don't need any kind of currency conversion to send money to people in a different country than your own.
This is right. As for me, I prefer to have bitcoin instead of cash because you can directly pay it online without needing a bank between you and the merchant. I can have full control of my money. When it comes to profit gaining you can have more profit even just holding your bitcoin for many years while holding cash money for a long time will only decrease its value due to inflation rate. |
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