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1  Economy / Economics / Re: Is it better to save money or invest it? on: July 05, 2017, 03:33:01 AM
Is it better to save money in bank or invest it online, in real estate or maybe gold?


Investing in real estate is a wise choice as more and more people are demanding housing
Investing in gold is too safe, profit is not high because gold prices are always stable
Investing in Bitcoin or money online is a bold choice, it can increase or decrease but for experienced people, they always recognize when to invest
2  Economy / Economics / Re: How can we make more money? on: July 04, 2017, 04:27:05 PM
What are the things to do to succeed in trade? What are you doing to make your business bigger?
How can we make more money?

The answer is that you have to learn and focus on it. Bitcoin always has many new things, if you catch it plus the appropriate time it will help you make more money. You can also expand your investment to make more money
3  Bitcoin / Bitcoin Discussion / Re: how many country recently accept btc? on: July 02, 2017, 02:26:14 AM
No country is accepting bitcoin as an official currency as far as I know, You can just exchange it through tons of methods local and international to the local currency of the currency, naturally countries usually don't accept anything but their official currencies, exchanges can do any...


Why do you insist that no country accept Bitcoin while in Japan there are airports accepting it, in India people have also recognized it. Do not assert when you do not know the truth
4  Bitcoin / Bitcoin Discussion / Re: Is it even possible to regulate bitcoins? on: July 01, 2017, 01:59:49 AM
Taxing bitcoins is a way to regulate it. If the government forces exchanges (like Coinbase) to report how much a customer cashes out, they gain some control. They know who is using it in these cases and how much profit they are making. It can also be controlled when merchants accept bitcoins as payment.

However, governments can't control bitcoins that are in a wallet and are not used or spent and they can't currently affect the number of bitcoins created.

Bitcoin is taxed by the government?
I just heard the first time and it does not exist
When Bitcoin rises above the threshold I believe the individual or organization that created it will probably stabilize it. They do not want Bitcoin to suddenly increase and disappear. That is also how they developed BItcoin for a long time
5  Bitcoin / Bitcoin Discussion / Re: High school dropout who invested in bitcoin is now a millionaire at 18 on: June 28, 2017, 11:38:01 AM
http://www.c[Suspicious link removed]m/2017/06/20/bitcoin-millionaire-erik-finman-says-going-to-college-isnt-worth-it.html

Erik invested in bitcoin when he was 12 and not is a millionaire at age of 18.  This is a good story for Bitcoin.

But here is something that I do not understand:

An excerpt from the article:
"Eventually he found a buyer for Botangle's technology in January 2015. The investor offered either $100,000 or 300 bitcoin, which had dropped in value at that time to a little more than $200 a coin. He took the lower cash value bitcoin deal because he believed it was "the next big thing."

"My parents asked 'Why don't you take the more cash?"' Finman explained. "But I thought of it more of an investment.""


Why didn't he take the $100K and bought more bitcoins instead?  Granted that there has to be some tax consideration, but tax rate has to be as high as 40% in order for both of the cash option and the bitcoins option to breakeven.  If the tax rate was at 40%, then he could get $60K after tax and would be able to buy 300 bitcoins at the market price ($200 at the time).  Moreover, one day when he sells the bitcoins, he can dedect $200 on each of the bitcoins from the capital gain as cost.

Am I missing something in here?  Don't drop out from high school?   Cheesy



I read through this story. I think that among the millions of new people there is such a person. While he was a kid, he had the capital to invest, you should use him as a mirror. Fieldwork is not the only path to success
6  Bitcoin / Bitcoin Discussion / Re: How do you keep your bitcoins? on: June 21, 2017, 10:10:48 AM
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 kept it in my wallet
7  Other / Off-topic / Re: What's your way of spreading Bitcoin knowledge? on: June 19, 2017, 05:07:21 PM
Personally, if I'm in a coffee shop or any store with some people, I pull out my wallet and subtly show them my Xapo debit card. Then they get curious on what kind of card is that since it doesnt look like the usual Mastercard or creditcard. Then I explain it from there on.

What's your way of spreading Bitcoin knowledge? Smiley

My way of spreading Bitcoin is simpler! I withdraw money from my Bitcoin purse and lead them out for a meal and tell them why I have the money to cover them up like that.
8  Bitcoin / Bitcoin Discussion / Re: How much risk in bitcoin investement ? on: June 17, 2017, 01:49:19 AM
I just wanted to know that,what amount of risk is there in investing in bitcoins.
Right now i am planning to buy btc approx 3-4 btc and just hold them as i guess the price of bitcoin will increase in future and i will get some good profit.But i want to know what is the risk involved.Can bitcoin price decrease and is this right time to buy the bitcoin.

That is the future so we can not know in advance. For those who have experience, they will know when to buy and should sell. Maybe you have to learn them in the long run
9  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin make Banks disappear? on: June 16, 2017, 06:00:32 AM
It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.


"TheStreet: How do you think FinTech will impact the way banks operate?

Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html

What's your read on that?



I think the bank will change according to the current trends, but it can't be missing.
10  Bitcoin / Bitcoin Discussion / Re: First Bitcoin on: June 15, 2017, 04:57:53 PM
This is the question to all who have at least one bitcoin and did not bought it. How long did it actually took you to own one bitcoin?
Only to people who accumulate bitcoin with either services, or earn through signature campaigns etc.
Asking because I'm interested in knowing the average time to make one bitcoin?


The first bitcoin I made was through ad views and clicks. It takes a lot of time and effort. So I switched to doing signature campaigns because it was easier to make money and less time consuming
11  Bitcoin / Bitcoin Discussion / Re: What is the best source of bitcoin nowadays? on: June 07, 2017, 11:30:28 AM
Guys I know that there are previous posts and polls regarding the highly suggested source of bitcoin but things always change do I want to know what is the current best source of bitcoin nowadays. Please participate on this poll and kindly tell us why that's your choice. Thanks in advance and God bless us more Wink

Through the chart you provided, I found that the Bitcoin source was obtained through commercial and business activities. Besides, Bitcoin source from signature campaigns without the capital. Finally, it is impossible not to mention gambling, it will help you fast or rich fast
12  Bitcoin / Bitcoin Discussion / Re: Do you save bitcoin for fun or for future purpose? on: June 06, 2017, 02:35:28 PM
I have think of it and i have save up bitcoin just a the small amount because i have plans for it to have fun like travelling didn't even save it for future purpose. so i wanted to know what are you going to do with your bitcoin if you save bitcoin. Why do you save bitcoin for? and why? what is the purpose why you save up bitcoin to your wallet and not to spend it.


It is a wise decision. While Bitcoin's value is growing, why not store it in a wallet and use it for future business or mining purposes. Bitcoin is more and more known as the most valuable currency ever and more and more countries accept it.
13  Bitcoin / Bitcoin Discussion / Re: Source of bitcoins on: June 04, 2017, 03:55:36 AM
There is nothing that links the account to your identity(at least in legal terms) and I doubt the revenue would accept signature campaign and faucets as valid and legal income.

You(and we all) are earning money that we don't legally have. A trouble if you want to withdraw for large expenses, but THEY won't be able to take it from you because you don't have it.

Solutions: withdraw slowly and don't have a lifestyle much bigger than you could have with your "legal" sources of income. Or gain much more by other ways, so your Bitcoins earnings could pass by without being noticed


What you say is absolutely correct. We do not have any information regarding your identity and your Bitcoin account so we can not prove that it is legitimate, and of course it is not legal. So your solution is the best solution. It will make the bank pay less attention to you
14  Economy / Speculation / Re: Will Bitcoin die soon? on: June 03, 2017, 01:51:02 AM
I have sent BTC yesterday but one day passed it is not confirmed, I have raised mining fee, this sucks.

Bitcoin transactions are getting slower but that does not mean bitcoin will die. I see that Bitcoin is developing so strongly that for that reason it will disappear. Engineers will try to fix that problem soon so do not worry
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