 Show Posts
|
|
Pages: [1]
|
|
'I want to link my Bitcointalk name with BTCJam's. Verification code: ccbccbb7-43de-4da4-b8ca-d92076fea2c0'
|
|
|
|
|
There is no guarantee of course, we predict it to keep rising at this forum and generally in the community but it's not guaranteed, when you make an investment with $12,500 for x6 you would need to have some risk on that investment, which is the case with this uncertainty.
|
|
|
|
|
Bitcoin started off as a project with few people involved, originally almost alone by Satoshi, Started from the absolute zerp with no huge crowdfunding, a media buzz or the like, but it obtained it's current status just because of it's advantages and how good it is... I think this shows that this currency isn't a short project but rather a long one, I think bitcoin will even be more popular in the future.
|
|
|
|
|
I don't think banks will ever disappear because rather than just putting your money under a bed, you get interest keeping it in the bank, so to put their money into someone's hands under a contract with interest is profitable for both parties, so they manage their money for them so if they screw up they can have someone to blame to but them.
|
|
|
|
|
You can set your own fees in most desktop and online wallets, HOWEVER if you reduce it from the recommended, sometimes transactions can take days to get the first confirmation and usable at the websites..
I knew about coinbase covering the user's fees, not sure about that now, LBC and Paxful too but not sure about them now. Poloniex takes just 0.0001 as fees now though.
|
|
|
|
|
Yes, regardless of being a fan of BTC or not, BTC is a convenient tool that cover certain needs for the users, it has a nature like Forex trading in a way and is very convenient to send payments particularly to other countries without paying high fees like WU and bank wire.
|
|
|
|
|
What is there not to like about BTC honestly,
- Privacy, I wouldn't say complete anonymity but a degree of relative privacy, at least all of your purchases aren't included in a piece of paper with your name somewhere.
- Ease and simplicity of conducting TX's: very much so, using CC is a pain, banks too, even PayPal with their always out-of-point errors, limitations and high fees
- Good investment, just holding BTC is a good investment in it's own.
|
|
|
|
|
To actually retire from BTC and live in a good 1st world country or so, you would at least require a million dollar or more, around 500 BTC with a BTC price of $2000, and even with that it would hardly be a life of luxury... Anyhow I would choose Canada considering how good the community, weather, people, everything else compared even to Europe and US.
|
|
|
|
|
I think this is an issue of personal preferrence, some prefer the solid cold, more stable gold while others prefer the digital more volatile BTC, Regarding price comparison, BTC is worth more than gold's oz now, but the stability and the different principles is that broad that comparing them two is meaningless.
|
|
|
|
|
Waiting for huge, gigantic drops is a waste of time IMO, even with a price reduction a fall of $1500 isn't likely IMO,Regarding these posters of course some "it's going down" commercial from newbies will happen (fake newbies, trying to make people sell to buy cheaper themselves), That wouldn't work now though with a market cap of +60 billions.
|
|
|
|
|
I was asked about it around 4 times from friends and family, particularly after the wannacry malware attack. They wanted to understand why it is impossible to track down and tried my best explaining it, also a friend asked me after the recent spike reached the media.
|
|
|
|
|
I agree, with how things are moving and how bitcoin price is growing "and not just this spike, but from 2009" shows it's great potential as the currency of the future and yielding huge profit on us early investors, No one can predict but 1 Bitcoin which is expensive now might be a fortune in 30 years.
|
|
|
|
|
Regardless of what the price is, the market could still move in either direction... Even if the price is higher than the previous times it doesn't mean a crash is imminent. I do agree the BTC price is so strained that any little drop could cause a sellout though mainly because of the mentality, as everyone is tense and if the price falls by a cent, people would sell fearing a larger crash (and hence causing a larger crash).
|
|
|
|
|
Of course, seeing this was asked around 1 and a half year ago, I'm sure OP is already familiar enough with bitcoin, But I'll answer for those who care and check:
- Trading BTC for USD and then buying again (Trading), Buying other alt-coins and then exchanging for BTC if you made the right calls (Altcoin Trading)
- Crowdfunding projects in BTC, buying stocks in havelock etc... , participating in bankroll of websites. Winning and losing bitcoins or money are both possible like trading
I do not consider these investments, or even decent ways to get profit:
- Gambling, NOT AN INVESTMENT, just a game.
- HYIP's, Websites waiting to bankrupt, it's gambling but with higher odds of losing.
|
|
|
|
|
