I thing man skill power is the best source of bitcoin nowadays.If you guys are good knowledge of bitcoin also have experienced web design such of IT skill there so many market place here and there.If you little bit research those job you should be confirmed you are guys are lucky as you knowing this earlier.
Getting a job which pays you in bitcoin is the best method. Computer based freelance work here that I have seen accept bitcoin. Its better to work on your skills and develop them. Then someone maybe willing to hire you for working on their project and you can get paid. Other than that trading is good if you analyse the market and buy low, sell high, the general strategy of traders. Again altcoin trading is profitable. Mining is good for those who are living in places where electricity is cheap and other costs are well within limits.
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I think saving money is for people that they have no reserve and invest is for people that they can loose. So you can invest and loose or win.
Totally wrong conception. People simply want to make money and there are different methods to do so. We need to save money for future needs and emergencies. Investments are needed to passively grow our money - mostly at low rates for less risky ones and high rates for high risky ones. Its important to have a proper source of income like a job or your own business. Then you can look to save some small fraction of it. Keep the rest for investments and for liquid cash which is for daily expenses. Segregating the cash income is important to control your expenditure and hence increase your savings as well.
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Gambling for entertainment and in moderation should be alright. As long as you know the odds are not on your side.
Everyone knows that but it does little to curb their addiction and stopping it. Its about greed and pure greed for money. People want easy money and that when the fun becomes addiction in gambling. Most of the gamblers enter casinos with hopes of having some "fun" and make some cash in the same time. But as they keep on playing they gradually become addicted to it and cant control themselves - they hope to win back their losses and in doing so lose more and more.
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Looking at the currency exchange indices on the stock exchanges since the new year, many people look happy. For the first time since 2013 Bitcoin price exceeded $ 1,000. Indicators and fixed at levels and $ 1017 and $ 1033 for 1 Btc. Let's hope that bitcoin will continue to climb up the list prices.
The interesting aspect regarding this is that people who have been holding Bitcoin since 2013 have had the opportunity to see their investment be recovered, or partially recovered, in the case of people who bought above $ 1100 in 2013. I think the secret is to have patience and discipline, because Bitcoin is a technology that is just beginning to gain ground. Unfortunately most of the people who were buying at $1,100+ in 2013 sold their coins at $600 later fearing BTC will drop even more. Others sold at $400 and some others at $250. And only a few had the patience to wait until today, and they were damn right. How are those holders "right"? They haven't even had any profit by holding for four years. I think what should've they done was sold their coins even if it was dumping and then just bought more coins around 250$ price. That way, they are back in the game. They can buy/sell again and play with the price fluctuation. If they actively traded instead of solidly holding, they could've recovered their loss amount by now or even have made profit already. Your holders are still at 0 or negative profit right now. Patience is not always the key, it's more about timing. I think both patience and timing is important and more importantly - it is luck. Many people never had the courage to hold coins till a decade for prices to increase. Many of them booked profits and sold all away when prices rose by 100units. Again people often have similar speculation about altcoins but then many of the turn out scam or dead. In both cases the invested money is actually lost. Therefore the luck factor is more important than patience or timing - however it is the only factor on which we have no control over and hence its better to trade according to own wills.
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Price does matter and if you are a miner or generally a seller it will motivate you to supply more bitcoins to the market to meet needs met but if there is over supply market gets flooded and price will drop. Miners are the pumpers of bitcoin - hence the entry of new miner or old miners gaining better rigs does affect the market. As the demand rises and if the supply increases as well - prices tend to remain stable. Some say btc price controls altcoin price when it drops alts gain and when btc raises alts pull down.
I think it is due to the bitcoin vs altcoin trading. Altcoin mining and selling is also popular. People also participate in ICOs and then sell the altcoins for bitcoin.
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there's no wrong with the gambling. if no gambling, bitcoin industries how to survive? First of all Bitcoin is not an industry - it is a currency just like USD bills and Ruble. Many casinos offered bitcoin as money for gambling deposits and hence the anonymity that bitcoin provided made it an instant hit. That is why bitcoin casinos are popular and are running a profitable business. Bitcoin economy can survive without even a single bitcoin casino - even a single user using bitcoin is enough to run the economy - thats how the core is designed. But there is nothing for the common amateur gambler to profit from it here - since the casino owners are the real profitmakers.
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I invest only a portion of their savings. I try to invest in several projects at once. Most of its assets, I just keep in the bank. It seems to me that this strategy saves me from losses
I think it will save you from losses but will not earn you much of a profit. We must try to invest money in such sectors which are going to be big in the next few years. That is why buying bitcoin is said to be a worthy investment. Again gold and real estate are good enough since they will also rise in future. But blindly just storing the money in banks is like locking the money up like a miser. There is not much profit from the savings account interest rate.
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I think so, bitcoin is good way to make money If do you have bitcoin it is better to hold it, the price will rise every years
This is the one reason why traders have been holding bitcoin and selling it on prices rise beyond 1000USD. The prices keep on increasing every year and so the people are willing to buy some bitcoin, hold it and then sell it sometime later. Holding the coins for years may not yield so much profit as daily trading but still its good for people who are busy with other work and cant watch the markets all day.
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you should invest but if u got btc from back on 2011 u will get profit
Yes people who bought btc back in 2009 and 2010 time are making profit selling. But in this case most of them have already sold away all their coins in the years that followed since btc price was increasing and they wanted to book profits. Even today buying some btc is worth it since people are always trading on btc and hence prices keep fluctuating - more importantly increasing enough to give us profits on selling.
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Just invest it. saving won't grow your money but investment can. And there is sure chance of getting better outcome,as bitcoin value is increasing by time. The past statistics says so.
in my country saving money in bank can get return, and competitif return too iam saving money in bank can get return 8%/month is very small, if want big return money to use investment or busness I believe most banks in my country dont give more than 4% as interest rate per annum. Dont know where you are from and would like to know that for sure. Specially because this is very suspicious - many financial institutuions often claim high rates of interest - so people get greedy and invest a lot in them - that is when they turn scam and run away with their money. I suggest you do proper research on this "Bank" that you claim of before investing anything there.
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Gambling really is not wrong and it is not that good too, it is just a game that being bet on. Though in other country it is seen as a bad activity. And gambling really is about losing, me for example, never won a single gambling activity that I have done for the past year. Thats just how I am unluck.
There is nothing wrong in gambling as long as you dont get addicted to it and end up in a huge debt. In our country and my religion gambling is considered as a sin. But still people do play it - since they are addicted to it. We must listen to our conscience and not get carried away by our emotions. I myself am a very unlucky person hence I work hard to earn my money and never gamble a single penny.
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I would like to know if anyone of you earns 0.1 BTC per week or even more? Is this possible and what is best way to earn it? Your experiences, suggestions and advices are very welcomed.
There is no secret in earning bitcoin. as long as you know how to maximize your time in here, keep on learning while doing it, ask the audience in this forum and get the good advice you think that can help you to earn more bitcoin, just go for it. And the common things for us to earn bitcoin in a good way such as follows: 1. Do trade n the trading exchange 2. Join in signature campaign 3. Apply language translator 4. Bitcoin faucets 5. Logo designer I agree with you that there is no easy way of earning money. Earning requires skills and no one is going to give money for free it you dont have anything to offer in return. So its best to get a job and stop whinning about how to earn bitcoin. Trading is good and bitcoin vs fiat is profitable as well as altcoin trading. Altcoin mining and then trading is also a good option. Signature campaigns in this forum are good as a side earning. No to mention the forum is full of spammers as well. Faucets are worthless with respect to the time wasted on them. Best thing is to get a bitcoin payment service for they skill that people have to offer.
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I have difficulty to control when gambling, this is because the curiosity is very high. Most people start gambling out of curiosity - so its simple human nature. Some people do find it fun, but I never found losing money to be "fun" rather sad. I can control myself when I won, but when it loses it will be hard to control.
I think its the opposite for most people since they tend to play more and more as they win thinking themselves to be full of luck and then the luck runs out and they loses everything and start crying. Of course when you lose you gradually try to make up and chase losses - in the end all your balance is drained and you are bound to stop - provided you dont deposit again and the cycle continues.
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Wasn't there someone else in this thread that won $200? I thought I remembered that, but can't find it now. I was under the impression there was a couple of those winners floating around. If not, that is a bit more depressing that there's only been one. When you figure how many millions of spins there have been on the free faucet, to only have one winner makes the odds of hitting it like the odds of hitting the real lottery.
As far as I know I am the only one. That is why I still consider myself as a very lucky person who managed to get that huge amount in 3 months - while people have been unsuccessful even after trying for 3 years. @wetsuit, so what is the chance you will still implement your mining investment program? I'm really interested in it(and many others are too, I think ) On the contrary I was against this idea. As you may be knowing several cloud-mining sites are actually running ponzi schemes and turn out to be scammers and steal people's money. If freebitco.in (which is a legit site which always pays its users) started doing a LEGIT mining scheme, people might correlate between them and think that freebitco.in is going to turn scam soon. That would hurt the traffic and the reputation of the site and the admin.
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Buy bitcoin that you can afford to lose
What exactly do you mean? Can you please explain your statement. I think what you mean is that we should invest what we can afford to lose and not more than that. But that has got nothing to do with the people believing in bitcoin. It essentially means that investments should be dont with caution - in that sense people should NOT believe in bitcoin - according to you. On the other hand I think bitcoin prices are going to rise even more in future and thus I consider it as w good investment and worth believing in.
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I think that if you can take the time to study the market, chances are good that you get that amount. However, as in any market, you need an initial investment to start trading. If you do not have the money needed for this, I think first you need to find a good source of income.
Trading will provide enormous income if you are already an expert in the trade, there are many things to be prepared anyway to begin trading as mental, capital, expertise and so forth, make sure you have it Trading is good but I prefer to use smaller volumes to trade in. Trading enormous volumes is risky and not to mention I dont have a large volume to trade in since I am poor. Also I agree trading need expertise and that can be gained only by practice and by doing trading ourselves and not asking others opinions. If we study the market then we can often predict and earn profits from trading.
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I think to produce 0.1 btc a week is not easy, if you have capital then trading or speculation is the correct answer. But if we work, certainly need good skills. My advice, the better we learn trading to be expert so can easily produce 0.1 btc.
The best thing is not to get greedy and aim high with no preparation, rather work on our skills and get a job or start our own business. We cant just dream about money and think that it will rain into our hands. Trading is a good method to earn bitcoin. Altcoin trading is worthy as well and altcoin mining and selling is also good. However the best method is to work for bitcoin payment jobs and not only bitcoin we should all have a motto of working hard to earn money and not beg for money.
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slightly, what really matters is independence from governments and banks
You are not totally independent from them even if you use bitcoin as primary currency. Since every merchant will not be accepting bitcoin and you will end up selling bitcoin for fiat when in turn you will need to pay taxes. In our country if we are found to exchange huge amounts - we are prone to prosecution and/or legal problems. Price is the one and only determining factor in acceptance of bitcoin in the current state since people want to make money from trading and as more people get into trading bitcoin the prices rise even more.
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Local businesses should actually find it easy to adopt bitcoin on the security side of things as holding fiat in their safes or tills attracts robbers unlike a bitcoin wallet which would be safer for them and might encourage their customers to use btc for secure cashless transactions.
Yes the security can be a good thing to encourage those local business owners to adopt bitcoin. And it's the fact with bitcoin has a very good security and its network is going to be tight against intruders. But still it's going to be hard for them if they don't have customers who are using bitcoin, that's why we need also to empower those people who are nearby to his business. Two things are important in a proper business payment system - the buyer and the seller and in this aspect it is the users of bitcoin. There must be sufficient sellers/merchants accepting bitcoin and even more buyers/customers who are using bitcoin as a currency. This condition is far from the actual in the global economy in the current phase. It is expected that it will improve in the next few decades. Once that happens, the store owners are bound to accept bitcoin as payments due to public demand.
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Off course we should believe in bitcoin because it is just like real money after exchanging from bitcoin traders or btc bank.
First of all there is no such thing as bitcoin "bank". Bank is something associated with the government and bitcoin is totally against it. Moreover it is not so easy to sell bitcoin for fiat since you need to pay taxes and also the cost difference of buy and sell prices is very high in local exchanges in our country, I dont know about others. I think people should use bitcoin but believing is bitcoin is like accepting bitcoin as the only and only currency - that wont happen soon.
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