Just finished to read the whitepaper and I must say that this is much needed. No more multiple miners for each algos, no more go trough multiple websites for calculate profitability...
And all the configurations will be automated, this is gonna be sweet
That's also what I felt after reading the whitepaper. The ease that it may bring in relation to cryptomining is great and is very efficient. You don't need to access multiple websites to finish and handle your mining. This innovation will do a lot withing the world of cryptocurrency and I know many will support this. I'm pretty sure this'll be successful and helpful at the same time. |
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Forget about everything else and just put everything on bitcoin. You are living with your parents, they pay everything for you, you got nothing to lose. If I was living with my parents, I would save everything and buy bitcoin monthly. If BTC doesn't keep rising you can still reach the 21 BTC holder group, then save this and retire in 10 years when the price makes you a millionaire.
Go all in on regret later. You are on a privileged position to profit from high risk high reward moves. No risk no win, and BTC is the best long term high risk bet.
Yes it may be a good decision for young people to go all in with bitcoin but still they should prioritize more their lives. They should spend more time studying and planning for their future than wasting their time with bitcoin. I mean bitcoin can just be side job to earn some extra income and you should not put all of your effort into it because there are a lot more things needed to prioritized. They should not also miss socializing and enjoy their youth or else they will surely regret it when they get older. |
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Maybe not to get rich, but sure as hell to earn a decent amount of money with bitcoins.
How much money did you earn with bitcoins? Or did you lose some?
Bitcoin is a very effective way to earn money and to be rich but still you should consider the fact it wil take a long time before you get into that situation. As far as I'm concern, I've earned a lot of money with bitcoin which made me able to buy the things I want and the things I need. I've never losed some bitcoin because I'm paying so much attention on taking care with them. Holding your bitcoin for a long time may also be a good idea so that you will benefit soon. |
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I don't think bitcoin will be able to end poverty in the whole world because not everyone has an internet connection. In doing bitcoin that is very important. Aside from it you should also have atleast some bavkground knowledge about bitcoin so you may know what to do. Many people are still unaware of the existence of bitcoin. But who knows, maybe someday everyone will know about bitcoin and it will surely help them in term of finance. |
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I have been making an analysis about how people is getting real rich thanks to the increse of BTC and it is amazing to think that people are getting real rich, lets hope and this will continue so the people that holds very little BTC also gets rich.
This is the analisis I made:
On February 1st 2015 you will need 4,219 BTC to have 1 million USD, now that is worth: 10,125,600 usd
On Febraury 1st 2016 you will need 2,681 BTC to have 1 million USD, now that is worth: 6,434,400 usd
On February 1st 2017 you will need 992 BTC to have 1 million USD, now that is worth: 2,380,800 usd
Today you need 404 BTC to have 1 million USD ( the person who has now 404 BTC it is millionaire, and in Feb 2015 just had with the same 404 BTC 95,757 USD
That is amazing.
I wonder what are the new rich people doing right know? have they realised that they are rich yet.
Bitcoin has it's good features which attracts more and more investors. These investors continue to do stuffs here in bitcoin which ends up making them rich. Bitcoin's value is growing over time and it's a good news for those who are hoping for their income through bitcoin. Before you can conclude everything, you should still keep in mind that it will take a long time before you can be as rich as those who have been in bitcoin for a long time. It requires patience, perseverance and hard work. You cannot just expect the reward to fall down on you without doing anything. |
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As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
I don't think 20 years is the maximum life span of bitcoin's value growth. The continuous influence of many people with bitcoin makes it more popular which may end up having bitcoin's price growing after all these years. The continuous innovation makes it imposible that a crash may happen because as bitcoin recieve more people, the moderator will also innovate it so that it may be able to handle large number of people. I'm still hoping for the long life of bitcoin because it really helped me in terms of finance. |
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Just finished to read the whitepaper and I must say that this is much needed. No more multiple miners for each algos, no more go trough multiple websites for calculate profitability...
And all the configurations will be automated, this is gonna be sweet
I agree, many are having difficulties with their mining and having this project will surely be a great help to those. You can do your stuffs more easier and faster unlike when you don't have this yet, you'll need to search for multiple website to access your mining. You'll be more productive and having AI will be the one to bring ease to your process. I'm looking forward to this project and I'm sure this will be successful. Goodluck! |
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What is bitcoin for you? Is it a chance or a scheme to get rich? Or is it actually to keep your wealth to yourself.
What lead you into bitcoin world and what's keeping you here?
I was curious about how my classmates earn so much monet by just posting so out of curiousity I asked them. Then they told me about bitcoin. As of today I find bitcoin as an open oppurtinity to everyone who wants to earn and who wants to be able to buy the things they want. Knowing that bitcoin is decentralized makes it more attractive because you don't need to mind the government since it's independent. I find bitcoin as one of the very important thing in my life right now because it is helping me bigtime in terms of monetary aspects. |
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Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!
Holding your bitcoin may be a wise idea but if you already feel contented about what you already have then go spend it if the case is you'll be earning more after spending too much. On the other side there would also be some advantages bit it's a bit risky. The price of bitcoin either goes higher or lower. The choice is yours if you would like to spend it away or wait till bitcoin reach its highest. The stake is high so are the price but still you should be smart and wise on the things you're doing specially here in bitcoin. |
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Many people need big proof to satisfy that this site is legit ..whats the best way to convince your relatives or friends
In my case, I don't convince them with words rather I convince them with the things I've bought and the money I have in my pocket. I'm not being boastful but I just simply say to them that they should really go with bitcoin because it would really bring them out a lot of cash. I always tell them to give it a try wherein I'm guiding them at the beginning but I'm letting them earn on their own. As a result, little by little, I'm seeing them earn but not yet with a high price already probably because they were just beginning. |
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What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
People end up holding their bitcoin due to the suddend drops that happens unpredictably. There was a time way back 2013 where the price of bitcoin dropped so low that it made some of the people o bitcoin sell their bitcoin because of depression and disappointment. Those who hold their bitcoin that time and waited for the bitcoin to recover have gained a lot more. For a conlusion, they hold their bitcoin because they believe it will still go high and it will be more beneficial. |
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I have sent BTC yesterday but one day passed it is not confirmed, I have raised mining fee, this sucks.
There really are some instances where bitcoin's transactions experience error. The only thing that you need to do is to be patient. For my opinion, bitcoin will not die because as years pass by, th innovation of it just keeps on going. The influence of it is getting higher due to the income many people are receiving. They are attracting more people to do bitcoin also that's why it is just getting more popular. Maybe due to legalization many will think it may die but still it's not enough reason. This cryptocurrency is easy to be transacted and is deccentralized so why give up bitcoin just because of a simple mistake. |
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Well with one snap of bitcoin it cannot end the worlds' problem which is poverty. It is always up for the people to move by themselves. It is on the people that is on that situation, it is up to them if they still wanted to live or they wanted to die as poor. There are a lot of stories I've read saying that there were many people born as poor but died as rich. Well for them to end their poverty using bitcoin they need the literacy to do it. At least they need to be media literate to deal with this.
I agree. Bitcoin requires some atleast knowldge om what you are doing. You cannot simply say that it will end the proverty in the whole world because not everyone knows bitcoin that much yet. As an individual, maybe it can, it may help you up on getting out of poverty. You can not depend the whole world's financial state on bitcoin. People are the ones who make choices on whether they just stay procrastinated at one place being passive and letting time get wasted. Not everyone in the world are litetate on media. Some even don't know yet the technologies out there because of being uncivilized. |
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I like the concept of making the cryptocoin mining process easy with the use of Easymine. Imagine having this will ease your managing. It would let you be more productive and it will not be time wasting unlike the other. The process from the top to the current was made simple, automatic which is also good wherein it uses AI. I will be supporting this and I am hoping for the success of this. Way to go! Goodluck.
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I think this may happen. Based on what I've heard way back 2013. Bitcoin's price go down to almost $1k which made the people of bitcoin sell their coin due to sudden unfortunate change. Those who hold their bitcoin still while it is recovering made their way to being abundant. Not only they've earn but they've instantly became millionare I think. So if this unfortunate event happens again. Be wise on thinking if you were to sell or hold. We don't know what might happen.
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If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
I will most likely choose bitcoin. Nowadays it is very hard to convert gold into money due to it's so many process like for example. In order for you to exchange gold with money you should atleast consult the government which may end up earning nothing. In bitcoin, decentralization is widely depicted. No government controls the bitcoin which makes it nicer and a better way to earn and invest money. |
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As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
I don't think it would just be 20 years. I think it would last for more years due to the innovation of both currency and technology. The price of bitcoin is getting pumped up as years go by and it brings the creator some new ideas on how to improve bitcoin so that they may avoid meeting trouble like crashing. I don't see that the price would go down so hard, it may for a little due to some problems but going so low, I don't think so. |
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Nope, it wouldn't take a whole lot to get the numbers to start going down (compared to other currencies).
As much as it pains me to say it, this is the truth. Now, it does have the capability to become the strongest, so do take that into account. I agree. Bitcoin is starting to become the strongest currency next to USD. It can be accessed through the use of computer or smartphones. The transaction is fast although it's risky. There are many people influencing others due to the high income they are recieving. We don't know what may happen with bitcoin the next few yours because of the continuous growth of the users of it. It may take time bit still I know thay it would be worth the wait for the investors. |
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I've been talking about Bitcoin to family, friends and random people for years and nobody seemed to mind when BTC was under $1000. But now that Bitcoin has reached $2000, people are starting to realize that owning 1 BTC is beginning to be out of reach for the average person.
I've had more people ask me about Bitcoin lately and wanted help buying Bitcoins. What about you?
There are a lot of people asking me today about bitcoin due to the money I am obtaining each and every day because of bitcoin. They are asking me so often about how do they make an account or how specifically I earn from bitcoin. Many of my friends now are busy with bitcoin and they are also earning like me. I'm currently guiding my newbie classmates with bitcoin and I am happy to help. |
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To begin with, I want to apologize for my English. This is Google translator  I hope that the meaning will be clear. Dear community. I wanted with your help to answer for yourself the following question: Is the bitcoin and the rest of the crypto currency decentralized so far? Decentralization is a state in which there is no single center. But we all know that most of the computing power, which in the majority is signed by the blocks, is concentrated in China (since almost all the computer technology associated with mining is produced there) and even in South Korea. And in fact the issue of accepting / not accepting SegWit is decided by the Chinese with the Koreans neighbors. All is well, but the zone of distribution of crypto-currency is not limited only to China and South Korea, what to do if there is some kind of prediction stone, and ordinary users of bitcoin will disagree with the miners on any issue, even scaling, what then? The answer is obvious, the owners will take the upper hand of pools ... again the question is whether Bitcoin is decentralized? thanks for answers I think it is. Due to the legalization of it from other countries which is not yet fully done. Bitcoin is indeed decentralize. Just like what we have here in my country. Bitcoin is very decentralized but still it is not legalized here although the exchange rate is very high. |
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