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881  Economy / Economics / Re: I'm not gonna sell any coin. on: May 17, 2016, 10:08:39 AM
No it is not smart to not sell any coin, if you want to make many you have to sell some unless you only want to gamble with them. Most people wait for the future to sell there coins but I like to sell some in the mean time.

Yeah if its allowing you to earn some profits then you should sell it without waiting for future, as if price falls in future then you need to wait longer time to see higher price.
882  Economy / Economics / Re: Bitcoin is Becoming a Global Currency on: May 17, 2016, 10:06:54 AM
Bitcoin was a global currency 2-3 years ago when China was starting to adopt it. Russia adopted it a little earlier than that.

However, it does not have any sort of widespread usage except for niche markets.

At a moment bitcoin cannot be treated as an global currency, as majority of the people are not aware about the bitcoin but it can be a global currency in future.
Bitcoin is already a global currency and that is nice because you already can see that Bitcoin is becoming more popular so that is perfect and nice for the people with already Bitcoin.
But it have also to change because the price is still low and that is bad for the most people.


No doubt bitcoin is gaining more popularity but at this stage you cannot consider it as a global currency as market cap of bitcoin is too small and very few people are using it at a moment.
883  Economy / Economics / Re: Is it a good long term investment to buy 1 BTC today? on: May 17, 2016, 10:04:06 AM
Investing will be not that bad and that is because the value is now also not even that high so you also have a higher chance to make some profit with it and that is nice for you.
The most important with making an investment that you have to choose the right moment to sell it and that is the moment that you can make profit.

I think its better if we buy more then 1 btc if possible, as we are sure that price will go high at the time of halving so if we have more bitcoin then we can make higher profits.
It not bad to make an investment in Bitcoin and that is because the chance is high that you can earn profit with it if you have the patience to wait a longer time to get a price increase.
But the bad thing is that you dont know what the right moment will be and that is the problem.

Indeed there are pretty high chances to  make some nice amounts with the bitcoin on a long term, the only thing you need is patient.
If you stay believing in it and hold your bitcoins you will make profits for sure.

Yes patience is really important when you are investing your money in bitcoin as majority of people gets panic when they see lower price,but you need to hold it for a long time.

it would be very boring, when the price falls you have to wait longer. let alone the price of bitcoin is sometimes difficult to increase again, if the price has dropped considerably.

That's true but we cannot afford to sell at lower price as it will result in loss, the only option we have at that point is to wait and let the price go higher.
884  Economy / Speculation / Re: If bitcoin dropped to $1, what you do? on: May 17, 2016, 09:58:29 AM
Bitcoin is not dropping now and if it will drop than it can be not drop to that low because it will also rise soon and that can be perfect for the people with Bitcoin already.
So that is perfect for them the bad thing is that it can takes a long time until it will be more worth.

Here we are doing like survey only bro. Just think if drops, I will surely buy more and more and leave it for years and surely it will regain its price like what happen for the past years and by that we can be millionaire just like them. I will leave it and and continue life offline and do my daily choice and job and after long years and check if i got profit with who knows. I can buy a many 5 star hotels in California and I earn lot in fiat as well.

That's true but I don't think bitcoin can fall that low in future, and if it falls then true believers of bitcoin will try to collect as much coins possible at that stage.
885  Other / Off-topic / Re: Do you still believe in bitcoin on: May 17, 2016, 09:56:09 AM
I believe in the bitcoin without a doubt because the bitcoin has a very good future a head these days.
The halving and its upcoming future is pretty good.

 do still believe in Bitcoin. Although the price now is not as high as I thought it would be, yes I believe it will rise to $500 by Summer. I think now those who want to buy a lot intentionally manipulate the price lowering it. They want to buy at lowest price possible and actually they know too that it will be $500 by coming july I guess.

We are not too far from $500 now, it is expected that it can be achieved by the end of this month, and if not then surely we will see that price at the time of halving.
886  Bitcoin / Bitcoin Discussion / Re: bitcoin halving almost there... brace yourselves :-) on: May 17, 2016, 09:50:18 AM
Yeah block halving is nearly done sooner more months to go.. but the value of bitcoin is not so fast i think it takes more days or weeks or months to see the price increase..  For those who don't know when block halving will be done you can see this updated block halving count down http://www.bitcoinblockhalf.com/

Thanks for sharing this information and the countdown has really begun and we can really experiencing it by looking at the present rise in the price of bitcoin.
887  Economy / Speculation / Re: It is Buy time! on: May 16, 2016, 01:55:05 PM
Anytime is buy time if you think the price will be higher later on.

I think only that time is right, when the price is low, and you should know that later on the price will be increased, than you get a profit, but if you buy the bitcoin at this price $500, so how can you get profit. so think about it and than buy it.
It is not the best time that you can buy but if you want to make an investment in Bitcoin than it will be also not that worst now if you are making an investment around this time because the value is not even that high.
But you have to be quick because it is going to rise slowly and that would be perfect.

You got a good point there. I don't consider the current moment a good way to invest or buy bitcoins, since the price seems a little bit high at the moment. Just look how much resistance the price find it self now, It's clear that 500 USD will either not happen or happen with a lot of effort.

$500 will be achieved very soon, and if you don't invest now then you will regret in future, as price will keep on moving up now and it will not fall at a moment.

LOL it doesn't make sense what you say.  There is never a guarantee. Sure you can feel the moment is good, and think the price must go up but we are dealing with an unpredictable asset. This kind advice should be avoided. Al though i do feel the sentiment right now is quite good.

We all know that there is no  guarantee so what shall we do?  Should we stop investing? should we stop earning? Even if God comes down to earth he cannot predict what will be the price at the time of halving.

No one is sure about the price increase. In my opinion its better to have hope and buy and earn as much possible. Even if we doesn't get a profit, bitcoin won't lead us towards loss as it happens in share market.

Bitcoin will surely be profitable in future allowing is to earn returns on our investments, we all are expecting higher price in future but we don't know when we will reach there.
888  Economy / Speculation / Re: What you do if bitcoin reach 5000 $? on: May 16, 2016, 01:52:40 PM
i will sell the half, and wait to reach 1000000 $ to sell all

Well I think that is a good decision that you will sell half, but it will take a long time for that thing you want to happen.
And that will be a long investment term but still everything can happen with bitcoin.

Bitcoin's price is volatile but not this volatile. At most we will see 600 this year from were the price will come slowly down to find balance near 500 dollar.

Sure we all hope for the max. But that's just dreaming out loud.

And dreams should be realistic as that price will take long year to achieve, I don't see anything higher then $600 in this year, and that also if everything goes fine at halving.
889  Economy / Economics / Re: Why You Should Never Sell Your Bitcoins Ever on: May 16, 2016, 01:50:22 PM
That is true, you should never sell your Bitcoins, wait what, no that is not true. If you are dumb enough to buy Bitcoins and then never sell them, you are just plain stupid. Sell your Bitcoins, buy things with them, that was the reason that Bitcoin was made. To be used.

So you will not sell your bitcoins if the price reach 100k? That's naive. Everybody would sell at least a part of their bitcoin.
So no I will sell my bitcoins (or better yet, use them for purchases) eventually)

Yes and if you will never sell your coins then how you expect to make profits from it and what is the purpose of investing or earning it, we all want to make profits from it and that why we all here.
890  Economy / Economics / Re: Should I believe in Bitcoin ? on: May 16, 2016, 01:47:33 PM
Yes you should. I think bitcoin will get more popular on next year or the next 5 years. Better you believe in bitcoin now than believe in bitcoin when all people start using bitcoin

I already seen hundreds of post about one should believe bitcoin because it will become popular. Even it will become popular if it's not actively use then that is different. If you people wants to have a great success in bitcoin better use it regularly. Holding it is just a matter of profit taking and we can seen this presently today.

Yeah and holding too long is also not the right to do, you need to spend it on regular basis, idle coins will never be profitable, try to grow simply sell it when you see higher price.
891  Economy / Economics / Re: Let's Be Honest. We Are Waiting for $100/BTC to buy on: May 16, 2016, 01:45:30 PM
I think that you are definitely talking out of your ass. I am definitely not waiting for the price to go down that low. If it ever does go that low, it would probably be because Bitcoin is dead.

Dont put up such sentimental comment here. Price has nothing to do with bitcoin being dead or not. It will keep on exist even if the price is getting lowered. If you think that price matter he most then you should just throw away everything since you are not certain about its existence in the future
Exactly! I often hear people saying when the price goes below this or that level it means that Bitcoin has failed or end up being left for dead.

They simply don't realize that the price is just a temporary thing which changes on a daily basis while Bitcoin is exactly the same as it always was.



Yeah and even if price falls at this stage or in future, there is nothing to worry as we all are aware about the fluctuations in bitcoin and it can rise again in future.
892  Economy / Economics / Re: Is it better to save money or invest it? on: May 16, 2016, 01:33:25 PM
save and invest, two things that both have their own advantages and disadvantages. To vote, you must first adjust to your needs, whether you need to save or invest it

Investment depends on how much capital you hold and where you want to invest, its always good to diversify your investments which will also minimize your risks.
893  Bitcoin / Bitcoin Discussion / Re: paypal or bitcoin? on: May 16, 2016, 01:29:29 PM
I'd choose Bitcoin over Paypal any day. Sorry but Paypal just sucks.

Their buyer protection on ebay is a gigantic fraud as well. I can't understand how this company is still existing.
The company "is still existing" because people use its services. Choosing them over other payment methods available on eBay.

People are more comfortable in using Paypal as its service period has been longer, and I personally feel that Paypal is really good when it comes to online shopping.

Pretty much my point. Online shopping would be nowhere without buyer protection, and that's what PayPal offers.

That's true and I think Paypal can be considered as a market leader for online shopping, as it holds maximum number of users worldwide they are using Paypal.
894  Other / Off-topic / Re: Worst mistake you did with Bitcoin? on: May 16, 2016, 01:25:25 PM
Panic selling at $230. Worst idea ever. Little did I know that not more than a week later the price would go up to $350. Well lucky me.

You sold it at that price and my mistake was not to buy at that price as I thought that it will not rise again in future, and it was a worst decision of my life.
895  Economy / Speculation / Re: It is Buy time! on: May 15, 2016, 12:21:52 PM
-snip-

I think that price would be the best at the time of halving so buying now is the good decision to make as price will not fall at a moment and it will continue to rise in coming months.
Yes, at that time the price of bitcoin will be more higher and if we start to disappoint people from bitcoin from now then there will be a crash occur in the time of halving , we need to encourage people to join bitcoin.

Yes we need to recommend it to people around us to start using bitcoin as if we have more users then it will help in taking the price of bitcoin to a higher level in future.

Actually you can say that it it is time for buying the bitcoins, specially those people who is interesting in bitcoins,because now people should buy the bitcoins because now halving is coming so the price of bitcoins will also increased.

Its just an speculation from the users that price will go higher at the time of  halving, on one is sure what will be the exact price at the time of halving.
896  Economy / Speculation / Re: BITCOIN going up or down on: May 15, 2016, 12:19:26 PM
Bitcoin is in the increase, but from the recent decrease bitcoin price is stabilizing within $450-$460. I believe the price would go high and reach $500 before the halving.

The lowest what bitcoin can go is 350 dollars in my opinion so i think bitcoin prices will go up in the long run so i dont think you will make a loss if you want to have an investment in long term. Bitcoin is going up so I think it will just be a nice thing to see going to 1000 dollars or even more . I don't really see bitcoin going down this year. Smiley


We are hoping for the higher price this year only because of halving, and it would be really disappointing to see if price falls down, that will surely panic majority of users.
897  Other / Off-topic / Re: Will you quit your day job to go full time on bitcoin? on: May 15, 2016, 12:17:13 PM
If I could i would leave my job for a btc job

That would be very risky decision to take, as no knows how bitcoin will survive and if price of bitcoin falls in future then it would be really hard to live a good life.
898  Economy / Speculation / Re: bitcoin continuous rising? on: May 15, 2016, 12:15:20 PM
The bitcoin price of recent day is with small variation. I think this would further take bitcoin towards bigger price by the days of halving. Right now most expectation is to reach $500 at the earliest.


Yeah its been long time that we haven't see that price, and I am pretty sure the day bitcoin hit $500 many people will sell their coins to earn some profits from it.
899  Economy / Economics / Re: The future of the paper money on: May 15, 2016, 12:13:34 PM
Hope paper money will not dissapear, cause many times i was on situatins when digital money can't help and only cahs can save. Bad idea to change everyting at once.

Exactly there are many places where only paper money can help us, like paying bills, paying to maid or servant, and for that bitcoin will not help.

Well Said, there are few places where we can't use bitcoin and other digital currencies however the technology gets advanced. So in my opinion if the world becomes currency free then paper money use might gets stopped.

Each and every paper money represents their country, its a pride and symbol of their country, and Government will never allow that to happen as they will loose all their power and control on the money.
900  Economy / Economics / Re: Is it better to save money or invest it? on: May 15, 2016, 12:10:56 PM
if you want to save your money then I will say that convert them into bitcoin and then save theem in your wallet so you will earn a good amount of money in the coming future and if you want to invest then start your own business with it and so you will earn more better.
Bitcoin is taking care of  us in both ways, try to save in it on regular basis, and if everything goes fine then it can be the best investment for future giving best returns.
I agree with this, this is what I am completely doing right now. I don't save my money in the bank because of the low interest and inflation rates. I save my money in the blockchain while it also gains interest.

I also do that better than the small interest the bank is giving us. But I still save some money in the bank, just for emergency purposes. All other money, saved as investments on bitcoin or other mode of investments

Saving money in bank is good but the rate of interest is too low and you also need to follow many rules and regulations of banks, in bitcoin you can enjoy great level of freedom.
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