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Bitcoin is yet to be stable and is definitely risky for a huge investment.
With that being said, it is a growing currency, growing in popularity and notoriety.
Its future seems to be a good one.
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It's now 270. What going to happen now?  |
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If demand is high enough, prices will increase quite dramatically.
However, if it is low, prices will decrease even more and miners would decrease their investments in their rigs because it won't be as profitable.
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Haha I like the analogy. Maybe I'll show it to my friends later.
It's useful to describe the basic overview of bitcoins
However, it still takes a bit more explaining to describe to them their value
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It would be a good idea? Anyhow I'm wondering from who do have the founds this employer? Who work with bitcoin today? I heard some people in Polonia but I don't know if they continue to do this after the drop of the price of bitcoin. Then when do you find the safety that the price of bitcoin will not go 2 us dollar in your time of retirement. What do you do in this case? I personally don't believe that but who knows the future? Third why don't do this with your fiat money of your country? It is not more secure this?  For the vast vast majority of bitcoin investors, they would have to use a service that have scheduled transfers/buys to do this. i.e. Coinbase With it you can schedule weekly purchases which can be sent to a multi sig vault Although.. if you use this method, it still takes self discipline to not spend it too soon |
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Halving is a part of the nature of bitcoin.
It's bound to happen.
The effects of it though are of course arguable.
IMO, it will only benefit the value of bitcoins if bitcoins are already in a high demand.
If not, the halving will just make it worse.
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The easiest way to save is to set up automatic transfers on your bank account. For example, transfer 10% of your salary every month on to a side account that you force yourself to not access for a certain period of time And just forget about it for a while  |
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Maybe it's the sellers from the stock market..
Investing in something else until after the bear wave
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the main strategy is to buy bitcoins and sell it for bigger price in the future
Lol don't invest so much in to bitcoins. It should be apparent that it's too volatile and risky for such large investments. Diversify your portfolio as they always say |
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It depends if you are willing to take some risks , investing in dicesites seems to be very much comfortable nowadays .
or else you can go with some percentage of you holdings .
Investing my money in dice sites for me it's just lucky, i always lose on dice site even though when i win that would never make me being rich in fact i was lose much than i win. so far holding bitcoin itself is the better to save my money than gambling you invest or you gamble? because you will not lose or win in investing, because in investing is earning a profit or not by putting your money in business. If you invest you may get profits over the time but if you gamble then surely you will lose your all money. Yes that very correct. If any one invest money either stock market, gold, real estate or in bitcoins they have chance of making some profits in long term but if start gambling then most like they will lose all there money. So I go with investment not with gambling. Yes if one invested money for long term on good products then surely they can make profits over the time but need to choose the investment products carefully. I much prefer this sentence when you want to invest for a long-term invest big money to have big profit. I see people buy 1BTC and hope to be millionaire, things does not work like this. You should invest let's say in hundreds or thousands of bitcoin to see the big profit in the future. Every investment starts small. Just about no one puts hundreds of thousands of dollars into their retirement funds. It's the slow and steady monthly investments that add up to millions. |
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2015 September - 225 October - 260 November - 250 December - 700 2016 January - 500 February - 1,300 March - 900 April - 900 May - 2,600 June - 5,900 July - 7,000 August - 2,500 September - 9,000 October - 14,000 November - 83,000 December - 177,000 2017 April - 2,000,000 Don't believe it? Consider satoshi as a unit instead of Bitcoin. Thanks ndnhc
Disclaimer: No predictions so far. Edit: Now! Verified by Elwar!Seems a bit conservative. I was expecting 1 satoshi = 1 cent at the time of halving next year Clearly the law of supply and demand supports this |
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If you feel lucky one day, just 50/50 it and see if you can double it at a gambling site  Haha but on a more serious note, there's no fast, reliable way where you can continue to double and double what you have |
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Only if there were convenient, affordable ways to buy bitcoins with their current currency..
Bitcoins were meant for economies like this but it's so timeconsuming and difficult to effectively adopt it into regular society
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On the initial topic, definitely invest
If you just hold on to money, your purchasing power is constantly decreasing due to inflation
and long term investing has time and time proven its profitability (of course, along with its risks).
Diversify your portfolio
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Building trust = NP
Fuck it up = P
If people lose the trust in The Dollar, it will go fast.
Well, to my knowledge, there is no currency out there right now that is financially backed by gold, etc. They're all trust systems, as Bitcoin is |
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What do you mean by going full time on bitcoin? Just having a job that pays in bitcoins?  Even though I find btc fascinating and see potential, right now, it's too volatile for 100% reliance. It might be a good investment for the future, but I still gotta live now |
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If price keeps dropping will anyone be interested in bitcoin?
Lol. Weak hands with no patience may flee but bitcoin is more than its price today. People need to think bigger and into the future but people will need to wait if they want to see big gains. To be fair, people have been saying this for the last year or so. The 600 and 400 prices were then told to be good buy points. Now we're at 230 |
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my thoughts are that SO many people have now lost money during the last year and a half "bear market", that none of those people dare put another dime into btc. Probably a lot of those people are out, and wont be back. Meaning the total number of those in the btc market is declining. That, combined with major exchange hacks, lost coins still not being accounted for, and NOTHING on the horizon for good news, means people are holding out, and may never get back into btc.
You could be right. I also believe that many people who bought in at higher price might have lost patience and sold the rest of what they had. And although we have good news, VC is increasing, it's not enough to gain some momentum to raise the price and hold it on a certain level.The lower 200s seems to be a level we still have to deal with for a longer period of time. Don't expect any bigger increase in price until the block size debate isn't finished. Investors, big investors won't risk their money if they don't see a healthy network that goes in one direction. Also smaller investors that buy 1 or 2 BTCs now or then won't be buying at all while waiting that prices drops because of the unknown status that is currently in the community. Why would they pay more if they count that the price might drop in a few weeks. Totally agree with Mickeyb. That's how I see the current market for bitcoin. The scaling debate needs to come to a compromise, stability needs to be shown so that people (both current and new investors) will become more interested in investing. |
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With a such rate (even the higer is still cheap), starting a company there is really a good idea.
Why? They don't really have anything of value to give you in exchange for your goods or services. And it would be crazy to keep any assets in their currency. Workers seems to be cheap comparing to other countries. Plus in case of something like Bitcoin your money come from the rest of the world. Unless some other form of currency takes over the hyperinflating one there, it wouldn't be smart to do any business there. I wouldn't think many people there are able to spend much time researching into bitcoins when they're struggling to survive with their dead economy there. |
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