To me bitcoin is a nice hobby, but nothing more. I am interested in technical stuff and the internet. So bitcoin is a point that has woken attention. The fact that you can transfer money relatively anonymous even in these days is cool. And I like cool stuff, too. But all together my life would not look much different without bitcoin.
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It's always the same with that kind of question. If you have skills, use them. Maybe with an online job that pays you bitcoins, maybe with a real job where you earn fiat. When you have no skills, well, it's gonna be hard. Money comes not out of nowhere. There are a lot of people out there without any skills all wondering how they can earn money. Those who have found a way won't tell. They don't need the competition.
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Actually I do not think that rich people invest in Bitcoin. If they did and it would be lucrative for them, that word would spread relatively fast amongst them. And we are talking about billions and billions to their disposal. So if the wealthy ones would really invest in btc, I think the price would be a lot higher than it is at the moment.
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When you look at this out of the perspective from the seller, he wants to ensure a few things. First of all he wants really to get his money. Of cours you always have to pay first, but sometimes later trouble comes up. For that case the seller wants your details. Then the seller does not know what you are planing to do with the coins. In case they are used for something illegal and traced back to the seller, he can at least tell who he sold them to.
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I see too many problems for that as well. The bandwidth that would consume would be too high compared to the costs. The electricity that would consume is too high for a mobile device. With the blockchain on your sd card, there would not be much room for other stuff.
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Bitcoin went up to 730$ while stock market in Tokyo crashes about 5%. I think that is more than a coincident that this happens on the same day that Trump is going to be most likely elected as the next US President. I'm really wondering how this will effect the whole world economy in the next weeks.
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I just read that stock maket in asia is going down. While bitcoin price went up to over 730$. I suppose that has something to do with the upcoming election of Trump as next US president.
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I see bitcoin to have its maximum price in 5 years. Maybe at 2500, maybe even 5000$. I highly doubt it's gonna be worth more than that. Then then a decline will start. I expect by then some othere coin will rise up, most likely backed up by a group of banks or another major corporation. After that I suppose bitcoin will vanish somewhere in the altcoin market.
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My bank already has a lot of my money. Would I trust them with my bitcoins? sure. I see no reason why they would handle them differently than they handle my money. Of course there had to be some advantages it would have to bring me, such as interests or at least that my coins are ensured. But in general I see no problem with the combination of bank and bitcoin.
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The very big advantage of Bitcoin is that money can be transferred in every corner of the world where internet is available. You don't need a bank account not even a birth certificate. In very poor countries that is a big advantage because people are no longer captured with their money just in the local environment. They can receive money from relatives they were not able to reach before. And make money with the rest of the world.
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I think if Clinton wins, there will not be a change in bitcoin price. On the othere hand, if Trump wins, I can imagine that the price will go down a bit, along with the stock market. The reason for that is that he is not as predicatble as Hillary, and that's something nobody in economy likes.
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Different countires have different laws against theft. So technically spoken there is a law aginst stealing btc. The question is which one to use. The law of the country where the thief is, or the one where the victim lives. Of course that would all imply to catch the thief, and that is not going to happen in most cases. If you would want a global law agains bitcoin theft, I think we would have to create a world government first.
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I buy the coins I need. Signature campaign is nice, but the earnings I get from it are not so high that I could consider it to be a serious income. With tradings I still don't seem to have enough skills yet. And because my normal job brovides me with enough money for living, I buy my coins. That's the easiest way for me.
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Maybe they can evolve that technology until they are able to cover the front of a normal house with solar materials. I am hoping on a color I can live with, not that uggly shining black stuff you normaly put on roofs. Then it could really be used for powering miners, because the surface it covers would be much larger.
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I don't think that the recent drop was too harmful for any noob. A noob might not check the price every day, so there are high chances that a lot of them did not even notice the drop. And if they did sell, I don't know anybody who starts with bitcoin and puts much money in it.
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In my country it depends how much you earn from the things you offer here. The work itself would not be taxed, but at the moment when you convert your coins into fiat, and that fiat shows up at your bank account, taxes would have to be paid on the selling of the coins. But only if the amount accumulated in one year is above a certain level.
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the only avalible chooice for everyone at this situation is waiting till the price can climb again like it was when he or she got payed but one thing more effects on this at currents is brokers or traders fees.its actully an way to loss the small part of money but nobody have any choice
Of course there would always be the option to convert the bitcoins into fiat as soon as they arrive on your wallet. The transfer time onto the wallet does not take very long, nore does converting it into fiat at an exchange. That way you would be on the safe side, if you consider fiat to be the safe side.
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when i was new i also faced similar problems so insted of trying to find a way to buy from btc i first saw what they are accepting and then i first converted my bitcoins into that currency then i bought it.or else you can simply withdrawl the btc into a bank ac and then shop from there
I had that problem as well and got me a virtual creditcard. One of those where I can upload my coins, and they convert them into fiat for me so that I could use them for every kind of online purchase I want. I am relatively sure there are plenty of those cards offered in the marketplace here.
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The best way to be a good investor is to use your brain. Don't believe everything you hear or read. If you hear a rumor, check the source you got it from. Learn from your failures. And don't jump on every horse that comes by. Have a clear strategy and keep on following it, unless it turns out to be useless.
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I usually do not buy much stuff with bitcoins. Just a few digital things every now and then. In every day life I pay cash make bank transfers. So no, my daily needs have nothing to do with bitcoins.
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