Hi guys! Can you share some tried and tested tricks on making the most out of your buck and also some tips on how to save money more effectively. This will be a heck of a help to our fellow users here. Thank you so much.
For me, the only thing that I do so that I can do save and obtain a large saving from the money I recently have, I do self-discipline because the simple way of disciplining yourself can already have a large impact in your life especially when you are into saving money. Lessening your daily expenses of temporary useful things and just focusing into those important things only will be a great help because expenditures will be limited into smaller quantities making you save more for your own sake. |
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After the recent news re. BTC China and regulators crackdown on cryptocurrency trading, we all know which direction bitcoin and alt coins are currently heading. I wish to buy Bitcoin and Altcoin when they hit the floor, but i am unsure of when the right time is to enter?
Since you have already seen and observe that there is a big crash on the prices due to the banning of Bitcoin exchanges from one of the major contributing countries which is China, I think it will be the best time to buy Bitcoin and even Alternative coins or altcoins even though it was alarming that your holdings are being crashed down, the dump is still bringing a good news for us because cryptocurrency coins are much affordable in this season. |
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes of course there is a large possibility that you will be undertaking a risk by turning all your money from real money into virtual money since we all know that a lot of risks can be get from being virtual because even though there is a boom in the modern technology, we cannot still deny the fact that crimes and corruption are also associated in virtual world. Also, we are not that sure when will Bitcoin lasts so it will be much better if you will still keep your physical money and virtual money |
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Is it better to save money in bank or invest it online, in real estate or maybe gold?
For me, it will be better to do both saving and investing. Better save what you have gained from your investment so that you can use them up for future purposes or agenda that will be needed to be met in the future. Investing is like just a purposive spending wherein you are spending to have a purpose and that was to gain a profit from your capital money you have invested to. So combining or making the two simultaneously will be beneficial in your part. |
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Just imagine selling your $259,900 house for 43BTC and 2 Months in street.
and after just 2 months sell 43BTC for $498198.
Again buying the previous also you will be in profit of $472298.
would you try this technique.
I will not take that thing you have made because I will not let risking our own house just to invest it into Bitcoin cryptocurrency. Although investing into Bitcoin can make such a good investment, there is still no assurance when will your investment would rise up so I will not ensure all our family properties just to invest the money for Bitcoin. The thing you have done is like you are acting to be playing your own life just to adapt getting into Bitcoin which can be bad if that thing will continue to happen. In fact, there are many ways you can be into so that you can gain Bitcoin in your own. |
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So much so that 15% of banks world wide expect to widely implement blockchain, which is a ledger of transactions updated in real time by various institutions, by next year, according to the report which surveyed 200 global banks.
These banks, mostly medium to large-sized institutions, are focusing their blockchain technology on three areas: consumer lending, retail payments, and reference data, which refers to the real-time information sharing of transactions across business divisions and institutions.
In four years, IBM says that 66% percent of banks expect to have blockchain in commercial production and at scale.
The reason for you to start buying bitcoin right now is because in the current time, the price of Bitcoin is currently on dump which is the much awaited part of many people because it will be much more affordable buying Bitcoin at the time when Bitcoin and also the other types of cryptocurrency is on dump. No wonder that the dump situation do also give opportunities for the seekers to buy Bitcoin. There is no doubt to be felt because it has already been proven that after every dump, Bitcoin is making its way to rise up its price to be more beneficial. |
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What is the future of Bitcoin BTC? Will it become a mainstream currency, or will its popularity wane, and why?
As far as I have seen and observed, Bitcoin cryptocurrency is facing a bright future because despite of all odds Bitcoin have faced and experience all throughout, involving the dumps it has encountered, it can still work on to regain what it has loss. Not just a simple regain was done because after a great dump that happened with the price of Bitcoin, it can be able to rise up its price to the top reaching its price peak that become beneficial for its users and even the potential investors. |
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No it cannot. Bitcoin cannot totally end the main issue here about the world's poverty because it is not such a powerful thing made by man to resolve such kind of scenario. Maybe is can lessen the effect but cannot resolve it fully because poverty was not just about having money but it do also need to have resources to sustain the needs of the individuals, generally speaking the massive out growth of the world's population. So for me, I do not really think so that the existence of Bitcoin can resolve or end the world poverty. |
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Personally I say yes as our society becomes increasingly dependent upon technology, digital currency will become a more popular means of paying for different things and it is more effective and instant. I haven't used much physical money in the past 8 years and I rarely had any problems with that. What do you guys think?  If the cryptocurrency will continue giving benefits and will totally fixed the problems related into it that bring allegations, speculations and even those accusations about their system, there will be a large possibility that people will tend to use cryptocurrencies more than using fiat or paper money and by this happening, we can truly state that it will somehow replace the paper money in terms of being use as a payment and any other things that paper money are used by people. |
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I believe that the initial purpose of crypto is to create a digital currency for making transactions quick and easy. However, in reality it has become an asset which everybody is buying and holding. Continuing doing like this will destroy the initial purpose of the coin?
What is your opinion?
Bitcoin cryptocurrency can both play as a currency and an asset. As you can observe, why would it be called a cryptocurrency if it does not act as a currency? Bitcoin is a kind of currency in a form of being a virtual currency. In this type, currency can be used and accessed easily compared to the regular currency we have. In a way that it acts as a asset because it is good for long term holding especially for investments because it inhibits the characteristic of being capable and be able to grow in a designated period of time. |
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Is Bitcoin More Important Than Ethereum?
Not literally to be more important. I think what the main thing in this is the most popular. Well, talking about popularity, I guess Bitcoin will be ahead from Ethereum because as we all know, cryptocurrency was first established and entitled by the name Bitcoin so it is not that too complicated to think that when it comes to popularity, Bitcoin was really ahead from Ethereum but their importance will be measured based on what the people really wanted to have. |
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I just always wonder if those billionaires still invest in btc. Do they even know btc exist?
Yes. I do really think so that billionaires do also have investments with bitcoin and that they do certainly know that this new type of existing currency has already been established in the market specifically now in crypto market. I do believe they do investments in here because where will the money we are getting from this platform and even the campaigns or works we are into are coming from if there is no people who are investing with it. I bet, those people behind it were the billionaires out there who have been spending money to invest into bitcoin cryptocurrency. |
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Just like heroin or crack cocaine, it creates an addiction.
Same as was gambling
Many in here seem to have been caught up in it, spending far too much of their money on something. Partially to get the dopamine rush of buying more coin, and partially to satisfy their gambling lust hoping to score big.
It is no different than the people gambling their savings away on the roulette. Right now we are at the point where they have entered the casino and have been lucky, so they are up more money than they came. But instead of quitting while they are ahead they genuinely believe that their luck continues.
In the end it ends bad.
Indeed. Bitcoin can be like a heroin in a good way that it becomes popular to every users and upon using it, it is undeniable that you are getting addicted on using it to earn an income. Yes it is like a drug that even if it has a positive effect for your life, but still there are present risks in which you can be into. It also have a negative effect on the mind in a way that too much using it can make you greedy on having more money which is bad because the essence of using it as a currency turns out to make people become too much crazy and addicted on the bad way. |
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So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
Bitcoin as a nationa currency of any country across the world? I bet that was too far from reality to make happen because bitcoin was a cryptocurrency and it is merely decentralized so for me it cannot be a national currency. I think it will be just enough if we will just stick into what bitcoin really is right now to be used by all people across the globe and do not need to evenly adapt it to be a national currency since all the countries have already their own types of currencies set by their own country. |
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is bitcoin more popular than US Dollar ?
Nowadays, even Bitcoin has a lot more features compared to USD can provide, right now, USD was still the most popular currency in the world because admit it or not, there are still a large population of people who still do not know and not aware that bitcoin exist and do not evenly know that bitcoin already exist. Right now, USD is a much more popular than Bitcoin even if you compare the benefits and features those two currencies can provide. |
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I started bitcoin just a little while. But I heard about it last august. At first I was not convinced and I didn't think that I would be interested on such a business. But this month my friend brought out a brand new laptop and he confirmed that it was from his bitcoin income. So I was finally conviced and I made up my mind. It's okay for me that I won't make money wuick but I believe that waiting and posting and posting eventually will help me earn money. Thank you and have a great day.
In my part, I have started getting into Bitcoin ever since my classmates and friends told me the real essence of engaging and going beyond bitcoin cryptocurrency. I have started by just simply roaming around the bitcoin forum to read and seek for informations about bitcoin cryptocurrency and also read some sort of articles to fully understand bitcoin and that is how I started my journey with bitcoin. |
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I see that the more bitcoin the more users seen from the significantly increased bitcoin price increase, is this a sign that bitcoin will soon become the future virtual currency?
Actually, bitcoin was already the future of the physical money since then because being a currency on a virtual manner already stands to be in lined with the modern technology making bitcoin already the future or modern version of the physical money we currently have. Totally bitcoin was really the future money and coined to be the one who will lead to the uppermost or simply to the top. |
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Hi , I'm new so basically I still have a lot to learn about the cryptocurrency , but I would like to know if it would be possible for the bitcoin to start the downfall ? I mean like what scenario can happen that the bitcoin would be pushed back like 5-6 years ?
Sorry if my post is in the wrong place or it's not relevant.
For my opinion, I think it is possible that bitcoin can lose its value if people will just keep on holding their bitcoins because it will turn out that bitcoin circulation will be abducted since people tend to just keep on holding and the real essence of being a cryptocurrency or a currency itself will be abducted so it will result to the losing of bitcoin's value. But if the circulation will be continuously happening, then there is no reason for bitcoin to lose its value since it has already made its way to the top and no wonder that it will never dump to a very low price once again. |
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Sure, bitcoin is becoming fore famous everytime, this year is good cause of halving what will be in 3 days, people interested what will happen after.
yeah bitcoin is going to get more and more famous in my opinion and it will be growing at a really rapid pace i think, i hope bitcoin will remain famous and it will earn me good money The amount of people getting into bitcoin is growing. That happens with every pump, but what they need to see is that bitcoin is not for pumps but for transactions. This way they will not get into bitcoin and leave, but keep using bitcoin. Getting attention is good, but we have to use it to make they feel safe to use it. Correct bitcoin is still famous, many people continue to believe and support, because of what it showed this year. They encourange more people to join here in bitcoin. As I can see every in forum I opened I saw many newbies, meaning they trust that bitcoin brings opportunities and the investors are continuosly increasing in different sites. Even though there are some countries that banned bitcoin. It still continue become famous. Indeed. Now that bitcoin was continuously getting into so much improvement, there will be a large assurance and possibility that bitcoin will be supported by many people that can also make bitcoin to become more popular and famous as time passes by. As bitcoin continuously raise its price, the popularity of bitcoin will also rise leading to become famous at all manner. |
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It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
I am seeing that there is really a large possibility that many or rather almost everyone in the world will be starting to use bitcoin on that year of 2022 if bitcoin will be continuously be popular and people will see it as a great opportunity to gain, possibly bitcoin will be really used by almost everybody at that time. But whenever that thing will not happen in the 2022, there are still many years that this scenario will happen just on a step by step basis. |
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