Bitcoin is digital currency or known as the father of all crypto currency that has the potential to become the new money or the electronic money around the world. Bitcoin is also the most expensive digital coin and it is almost compare to the gold but why bitcoin is created? Here are some reason : * To change the perception of all people about the digital currency. * To improve the payments and transactions and in the internet world. * To become the image of money around the world. * To protect or hides the identity of the user, for security purposes. * To give an opportunity to all people around the world to earn a secondary income. * To upgrade the currency because everything in this world is now upgrading. SHARE YOUR THOUGHTS If this post is worth of your merit, Thank you Bitcoin is created because to help a lot of people to became rich and achieve their own dreams
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There's a lot of things you need to consider that if you don't give importance your investment may be at risk so here are some of the things ou need to consider or to study.
Learn about the basics first such as: Bitcoin wallets How Bitcoin works What is Blockchain Types of wallet And different kinds of investments
Second Learn what kind of investments you need to do, here are:
Trading Holding
When you've decided what kind of investment you're going to do start finding exchange where you will bought your first bitcoin there's a lot of platforms where you can buy bitcoins such as:
LocalBitcoins Binance Coinbase Just search on the internet.
NOTE: You should know the risk you're going to face when it comes to investment remember that there's no assurance that if you invest you're going to earn so invest only what you can afford to lose.
Investing in bitcoin is like you are investing in a business just wait for the right and perfect time to the flow of income
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i think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course it consumes a lot of electricity monthly. Also its usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.
For me I'll rather own for bitcoin because I know in my self that I can do of having a bitcoin too
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Bitcoin is green again, do you thing is good time buy now .
Bitcoin will going strong and strong I know that no one will gonna devastated bitcoin because it has a very strict g foundation
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I have all my coins in on an online trading site (paxful) (low volume)
I plan on making a large investment very soon, and want to safely store all of my coins I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.
What is the best way to do this, and what's the best way of ensuring a backup?
How do you currently store your coins
thanks in advance for any inputs
I keep my bitcoin in my wallet and hold it use out a password and only use it in important matters in life
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I see a lot of optimism about bitcoin, which is understandable seeing the price recently. But I have to admit I'm a little worried about the long term future of btc. The major problems if the currency still haven't been dealt with. I see 2 major ones:
-Block size. Which makes the delay and fees of transaction rise very fast. Smaller transactions are more and more difficult to make. -The centralization of the market. China got low cost electricity, which make them by far the most bitcoin mining capable. -And maybe others that I'm not aware of.
Another thing: The Hard forks that are oddly getting much more frequent than before. (BCH, BTG, Segwitx2 etc...) It almost looks like "attacks" in order to divide us. Now called "airdrops" by the community. Even though they're supposed to solve some of the problems.
All in all, this makes me really worried about btc future. I've been a strong holder since 2014, and I made quite a lot of money with bitcoins, but I begin to doubt now, even though the price is crushing ATM. Please help me keeping faith. Or should I switch to another currency ? Really thinking about ETH recently.
Nothing much to worry for me about btc to the near future because I really know that It is only a matter of facts it gonna recover as soon
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I still believe in bitcoin because many people are getting rich with this and many people become more millionaires
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I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
Bitcoin is not supposed by our countries because they don't want to die their currency
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Does Bitcoin Need The Social Media's Help To Promote Itself?Well, Bitcoin needs all the help that we can get. With its current situation, Bitcoin Foundation is just thinking out of the box to help Bitcoin recover and might even succeed. With the help of Social Media, bitcoin can attract new and young users. Learn about bitcoin and eventually adopt it. Maybe this is the first step of mass adoption. What do you think? For me no need for media promotions we can also share it to our friends and relatives by explaining properly
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But what does that decentralized technology really do To infer what the intrinsic value of bitcoin I haven't been able to do it maybe somebody else can.
Can bitcoin change our world?I want to learn from your opinion.
It change our World very much in un expected ways It makes us more independent and became more richier in nice ways of earning
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October 29, 2017 Bitcoin price ranges from $6,000 - $6,100 and today, bitcoin price is now $7,000. Are you surprise?
I think, if only those people who planning to invest in bitcoin manage to notice this sudden increase. I think there is a high chance that they will start investing.
Not so surprised but a little bit shock but o just keep it hold that some of these I gonna recover so fast
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I see alot of people are holding Bitcoins and are convinced that their coins would multiply in value. The same people preach the Bitcoin ideology that its P2P, decentralised, low to nil send or receive etc.
However, only a small group of people today are using Bitcoins as they were intended. And the fees are not exactly cheap to buy Bitcoins, not to mention those exchange places are basically like banks.
So my question is, are you a True believer of Bitcoins and other Cryptocurrencies that it will one day replace paper money, decentralised and all. Or are you only a believer that the price will continue to climb and you'll one day be a millionaire?
I simply find it fascinating that its apparent, people are preaching the benefits of Bitcoins but they are not using them. Preaching to newbies and drive up the demand and prices of the coins. Rather, I would love to see people who really believe in Bitcoins, actually going out there and using the coins to purchase products, send/receive coins and let the coins circulate around. I would love to see that day. When the prices are not so volatile, and the coins are being used as they were intended. However, not being volatile also means the prices would rise sharply like it has been this year, which also means you wont be a millionaire holding onto them coins.
So are you a True Believer?
I am a true believer of bitcoin I just keep holding and work hard for it I truly believe that bitcoin survive and going back to high value
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All of us noticed the pump and dump scenario in Bitcoin and all other coins, is it going to be forever like this? Isn't there going to be a stage wherein the price will be stable? Cause it seems like riding and leaving a virtual money vehicle. Any thoughts will be highly appreciated.
We don't know because bitcoin value is ladderized it not so permanent not just like a paper money have a stable value
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I am sure we touched the bottom today. so i am going to real Estate Dealer for selling my house and buy bitcoin. I suggest you all do that
Don't sell your house bitcoin is the answer for your problems financially just work for it you can survive to life
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As you can see from the last couple of months price of bitcoin going down and down.. Is this the beginning of the end?
We don't all know when bitcoin will end so soon as long as bitcoin is in the market just keep working for it and save money coming from bitcoin
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Me how I wish that someday in my dreams I achieved also being g a millionaire with the help of bitcoin I can build my own dream house buy a brand new car having a tour around the world buy all I wanted to have
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Anyone bought drugs with bitcoin and what are you thought on the subject ?
i know i have used bitcoin to buy psilocybe cubensis thank you bitcoin i cold have not done this without you now i can trip watching corry & eastenders in the evening its such a sight.
No don't ever do that it is an illegal ways to use bitcoin you should use bitcoin in a nice and proper ways because it is a blessing from god above
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Here is a 3 Reason why Bitcoin is still good for Investment.
1. Bitcoin is Better Investment now than it was in December the Main Reason for this is the Technology Around bitcoin is improving. A lot of the Naysayers were Attacking the fact that Bitcoin has scalability issues saying that Bitcoin is Expensive and it can never be in world Scale. But now with the Lightning Network we can do a transaction Off the Blockchain "it Means Bitcoin is Officially Off the Chain".
2.Because It has A Regulations Regulations are good to Bitcoin.
3. There are more Places than ever to buy Bitcoin in using Fiat Cash Robin Hood, a stock trading Platform.
Source: EBIT NEWS
By the Tradition media mentioning Cryptocurrencies Everyday Makes me believe that Bitcoin is going to continue to rise even though we are still on the Deep .
Yes bitcoin is a great investment it is a very strong weapon for your near future finances just keep holding
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What would you guys advise someone who is retired, living off pension and savings? Is it too late/risky to invest at that kind of age? Do you guys think the elderly have a chance of jumping on the crypto train, or do you guys think it's too late for them to invest?
No it's not to late anytime you can do and work for btc and long as you have the knowledge and you can do it for
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Increasingly, I hear that the Betz and other coins are stealing with brute force. My acquaintance had an accident, intruders penetrated into his house. With the help of brute force and weapons, they forced to transfer their Bitcoin to their wallets. How to protect from this? I deduced the rule for myself, I never tell anyone that I am a crypto investor. I deleted all applications related to crypto currency from my phone. Can anyone be able to advise how to protect their coins? I think every year, it will be more and more relevant.
I just keep my btc in my wallet it can not Robb by others and I gonna put a strong lock keys
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