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Obviously they complaining when bitcoin prices keep going down, everyone in here want to get profit not losing their money, i believe people who complaining is still new in here, we just need to encourage them and tell them to be patient.
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How do you think banks make money, how does a bank make money to pay its employees and business operational?
Does the bank rely solely on interest on loans from banks?
First they gain their money from charging interest on money that they lend, the costumer will pay more than when they lend it and they get money charging fees from services they provide, Investment banks also make their money by trading securities in the secondary markets. |
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I think now fixed deposit interest rates are less than 5% p.a in USA and Europe. In India fixed deposit rates are 6.5%.
Gold and Silver gives average profit of 8% to 12% per year. Silver will most likely give 20% to 30% profit each year from here on to reach $60/ounce.
Example:
Profit for gold and silver for year 2016 is 12%.
Profit for gold and silver for year 2017 is 0%
Profit for gold and silver for year 2018 is 8%
Profit for gold and silver for year 2019 is 16%
So average profit for 4 years is +9%
How secured/safe are investments in gold and silver if you decide to remove/withdraw your money from banks fixed deposits and invest them in Gold and silver ??
Silver and gold is more safe because it more profitable and you can protect it by your self if you afraid losing your investment. you can gain more if gold or silver prices rise up but not like investing in bank, profit in there is fixed. |
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What is best wallet for long term bitcoin holding? I want to choose one wallet for bitcoin holding. Which one is best and have no bugs and problems? Which one is worse? Which one is easy to instal and easy to use. Which one you just prefer for long term holding.
Every offline wallet is good, you can search it in google, the only thing you should pay attention is not use your device to surfing suspicious website because virus and key logger will make you lost your wallets or your device. |
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The total cryptocurrency market was $238 Billion a few hours ago and yet the market is almost $260 Billion.
Good thing bitcoin prices is more better than when you post this, bitcoin prices now $7K, sadly when bitcoin prices reach $8K it's goes down again in a short day, hopefully in near future bitcoin reach $10K. |
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I was questioned on crypto currencies legalization. I explained the facts happening around. Few received it with convincing reactions and few just ignored it. I really felt bad for the guys who did not care about crypto currencies as I really know the fruitfulness? I happily taught few others about crypto currencies. What was your friends expression when you introduced bitcoin to them?
The first time i introduce him to cryptocurrency, he looks interested, little by little he start to forgetting it because many bad news he read from cryptocurrency make him afraid to join here. |
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We can not deny the big country with good economy, it will make the society economy better too.
So they can follow the economic development and participate in transactions and investments in Bitcoin era.
How the people of small countries can participate in participation and benefit from it?
It would be very difficult to calculate the statistics of users of each country, but the comparison of Bitcoin ATM growth from this early 2017 report can be the initial reference of the statistics.
Perhaps by the end of this year, there will be more Bitcoin ATM growth across the board due to the growing interest in bitcoin this year.
The better the economy in the country the greater the income of citizens, more money = more investment = more profit, sadly in small country only people who is rich can investing in bitcoin, rarely seeing commoner from there investing in here. |
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Analysis : Blockchain, the technology behind Bitcoin, is predicted to be the leading technology in the future, but this technology will become obsolete.
Is it possible that bitcoin will be obsolete in the future?
If you talk about possibility, obviously bitcoin have a chance to obsolete in the future, but for now and i think in near future, something like this will never happen to bitcoin, because many user still have using cryptocurrency including me, cryptocurrency will surely die when no one interest in it. |
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here are the simple steps to save money:
1. You must record all your expenses
2. Make a budget for all expenses
3. Start planning on saving money
4. Choose something to save for your money
5. Decide on your priorities before spending
5. Make saving as a habit
6. Watch your savings grow.
any suggestion on how you save your money?
This list is good way to save money, but among all of them, i think number 5 is the most important one if you want to save your money and remember, investing is other way to save money too and you can gain money from it too if you success. |
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Of course bitcoin, even though bitcoin prices still down, but bitcoin prices still the the highest among all cryptocurrency and i trust bitcoin more than other cryptocurrency.
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I saw 70-80% ico are scam which are not reliable .they do smart work and making projects by invester and advisers and after not giving token ,making scami .what to do with them. Have you ever fallen in scams ? I am fallen some time .
Scamming is bad obviously don't forget to report him if you know one, but at least not all ICO is scam, just be careful before investing, do some research about their project before investing. After all you are the one who rely your money to them. |
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4. Buy Coin With Rumors
Things like this that I often see in this forum, people just buy coin without any proper research about it's coin, they just easily investing their money because many people say it's good coin. |
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I once read for security wallet, this is just for discussion how to secure the wallet. I do not think there is a security system and there will be no theft in the wallet. If you choose your wallet or phone software, you need to be extra careful! Remember that bitcoins are stored inside your device. If your computer or phone breaks down, your bitcoin is gone too! Thieves can also take your bitcoin if it gets access. Consider the following tips to avoid losses: Perform regular backups regularly Save the backup on another device like in flash or another computer. Use the encryption feature With encryption, each transaction requires a login with a password. This prevents thieves who manage to gain access to your computer. Do not forget the password Losing a password equals losing your money! Wallet does not provide a password forgot feature. Learn more please learn how to secure your wallet here: http://bitcoin.org/en/secure-your-walletDo you guys have a better idea to avoid theft in the wallet? Your Knowledge and Ideas will be more helpful if shared. Obviously wallet security is important, as we know, wallet itself already secured by their developer, but the problem is user itself, mostly people lost their wallet because carelessly placing their private keys make them lose their wallet. |
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I'm not one who would invest in precious metals, but I have noticed that a good amount of the older generations are pretty keen in investing in these metals. They see it as a way to bet against the market, and a security that will always be safe -- even in the times of a market downturn/country failure as a whole.
I personally wouldn't even want to buy these metals in those events, as I don't see the reason to. I'd rather invest in securities that go up when the market shits itself (Payroll lending companies and so on and so forth)
Does anyone here know the reason behind people loving precious metals?
Generation gap of course, they trust gold or silver because it's good investment in their day and gold and silver is more stable than investing in cryptocurrency. Maybe if they learn and know what is bitcoin, they will investing in it too. |
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So saw many self airdrops of ERC20 tokens and wave platforms in social media. They would promise their investors a cheap token price purchase, and in turn promise a good listing price at the exchange. 98% of these self airdrop never make it to exchange, and the few that get listed in a decentralized exchange get pumped for 2hrs and there after dumped forever. Why do you think people still patronize these scamming project and not study good ICOs and buy?
Don't blame them, maybe this is first time buying coin when ICO and not all ICO is bad just learn their project if good you can join if bad you can ignore it,maybe you are right that some of them get pumped for some hours and get dumped after some hour, but it's not forever, just patient, after all that coin still new. |
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After reading a lot of posts made by people on this forum, I realized about 75% of them see Bitcoin as a digital Gold. For me, I don't think Bitcoin is a digital gold. Cryptocurrency or Bitcoin to be precise, was developed to be a safer option for transaction of goods and services and also the best mode of payment. Bitcoin was introduced to disable all the restrictions that banks and the financial system presented. A lot of people have lost huge sums of money because they saw bitcoin as a digital gold. I know others will argue that bitcoin has also made people rich but for me, I don't think it is advisable to consider Bitcoin as a digital gold. Bitcoin is a digital currency.
I think bitcoin as digital gold or bitcoin is digital currency, both of them is still good for bitcoin too. it's still much better then they not interest in bitcoin, but surely in first place bitcoin was created for cryptocurrency. |
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Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?
Bitcoin itself is secure, but the problem is their user itself, i bet they not secure their own wallet that's why get hacked. It's like when bank get robbed, i don't think you can blame dollar in this case, the problem is bank securities, that's all. |
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Of course bitcoin is worth to be currency, that's why bitcoin called cryptocurrency, but the problem for now i think bitcoin prices is too unstable, this is make one of the people doing the transaction gets a loss and the other gets a profit.
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I mean Why bitcoin? Why waste huge energy in mining. As everyone know bitcoin is useless in terms
of usability.
My question to bitcointalk users :
Is this possible that any altcoin become no 1 on coinmarketcap and bitcoin disappeare
I think this can be possible, what you think so comment below...
If you talking possibility, of course it do. But, like all cryptocurrency user know, bitcoin is first cryptocurrency. So, without bitcoin cryptocurrency will not exist in first place. |
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This question is especially for those who have been into crypto for a long time. How did cryptocurrency help you, most specifically financially? Did you earn more? Gain more investment? I do have a friend who wants to get into crypto but he does not have a lot of savings in his bank account or any major investment. I told him to save more before getting into crypto because they still have mortgage and car loan to pay. Do you think crypto will help him out to?
Yes, for me investing in crpyto giving me much profit from it, but before you get money from it, you need good patient before achieve it. For your friend, if he have spare money, i think it's better to use it for investing in crpyto. |
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