I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?
If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?
You can get high profit if you use bitcoin in investing, much more on gambling but gambling is kinda risky so go for investment. Regarding to the difference of bitcoin and dollars, bitcoin can use by the people who can use gadgets or modern technology while dollar can use by everybody even you don't know hot to use a smartphone or you're poor. |
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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.
If many country ban bitcoin and when government control bitcoin I think that is the time bitcoin will face its downfall, it might not be known but it will not gone. Also if there is a new cryptocurrency that is more advantage that bitcoin and gives more money. |
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We all know the advantages of BTC, but what are some of the disadvantages??
There are many advantages of bitcoin, like it is very easy to transact using bitcoin, sending money overseas without filling up many papers and you are guaranteed that if you invest on it you can get a big profit but still there are also disadvantages of bitcoin. For example its security, if you are not aware of many virus in internet you can be a victim of scam unlike if you invest on bank there is still a chance to get you money back but in bitcoin there are no guarantee that you can still get it back. |
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Are you a bitcoin fan? Do you spend a lot of time on bitcoin? Reading news, trading, or even writing your own analysis. But how did you first hear about bitcoin? Is it some articles you read about? Or just from a friend who has traded bitcoin for a long time? Share your experience with us.  I first heard bitcoin from my classmates and also from my curiosity, I also read from articles online that I see how bitcoin works then getting some help from my classmates asking the know-hows about bitcoin, self-taught for the basics and techniques for not being a victim of scammers. |
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To grow the adoption of bitcoin we need people spending it as a daily currency.
In my country there is not much I cant buy with bitcoins.
Granted not a lot of retailers accept BTC yet but with all the services available now they dont need to.
A bitcoin debit card can be very handy.
Nowadays if I need to pay a bill then I can pay any bill via a site called livingroomofsatoshi
Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.
There are still people who are illiterate about the right way to use bitcoin so it might be difficult for others to use bitcoin as payment on everything and still there are many poor people who can't use modern technology and think that it is better to use paper money rather than bitcoin. Many people believe that bitcoin is a scam which is not true so it might not good if we push it to people. |
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It seems there are bad news all around with doom and gloom. Trade figures going down, jobs cuts, security situation not going well, and bad loans.
Is the economy situation in your country that dismal? Or this is just some fear mongering?
In my country many people go abroad because of low salary and many taxes deduction. If you earn 600-700$ a month 20-30% from it goes to taxes because the higher you salary is, the higher the tax you will get. And because of many corrupt people on government many farmers are being killed because of the land that should be theirs, but of course if you own a land you will get tax and that is what politician wants. It is so sad that the people you expect to help you are the one why you are being killed. |
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I would like to know what experiences did you had when you first started with Bitcoins. As for me, I had many that I would like to share with you. When I began in the Bitcoin world, I was a complete rookie with no proper knowledge of how did mining worked or anything about cryptocurrencies. I just thought about Bitcoin as another payment processor like PayPal. But when I joined the BitcoinTalk community, I learned so many things along the way. In my process of learning in the first days, I decided to invest into cloud mining services. Since I didn't knew much about it, I invested a plenty amount of Bitcoins to start my journey into it. During that time, I had gotten into many different services. Those were GAW Miners, then Cointellect, cloudminr.io and finally Hashnest. After getting scammed many times by the services mentioned previously, (except for Hashnest) I have lost many Bitcoins. As a result, I decided to never invest into cloud mining and thus dedicate myself into learning more about the cryptocurrency and look for other ways to earn Bitcoins. It was then that I enrolled into the signature campaign that I am currently into and during all that time I began to earn Bitcoins as well as diversify my investments into different alt coins. Now I am dedicated to trading Bitcoins and other alt coins, as well as working for it (like the signature campaign and working as a freelancer) in order to earn coins and build up my portfolio along the way. Anyways, what would be your experiences with this exciting cryptocurrency?  At first I am so curious about this forum because I see my classmates visiting this forum everytime so I ask them what is it, at first it seems like they don't want to share it with me but of course if you get curious about one thing you can't stop yourself from it so I decided to visit this forum because I see the url from their phone then I roam around, it is like knowing the basics then I ask them after a few days then it month past by they actually teach me the know-how about this forum. So basically it is like self-taught with the hepl of my classmates. |
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I just always wonder if those billionaires still invest in btc. Do they even know btc exist?
I think they are because it is not impossible for the billionaires, even they are billionaires they still want to be rich and want their money to grow. Especially those investors I bet they are already billionaires so I can say that they still invest, and I think because of investment that is why they became billionaire, |
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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!
If you want your money to grow then do not put all your money to bitcoin because bitcoin's price is fluctuating and if you don't understand what it is then you will just regret it. Better to invest half of your money on bitcoin then the other half is on the bank with your currency, it might takes time but at least you still get some profit from the interest of your money. |
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I don't think bitcoin will really replace dollar as it is the money that people are used to and it might take a long time to do that but it will not really replace dollar. But of course we can't predict future it might be happen if a country has many rich people or the country itself is on the top among of us that even government will use it. But for now lets hope for the better future of bitcoin. |
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Hey everyone  finally the price of bitcoins is increasing and was becoming more stable but ! Its price is again decreasing now... You know it will be very nice if you guys instead of dumping them hold on to them... Dumping the bitcoins in panic because of the fear of the price never reaching this high value in future.. does affects the price of bitcoins in a very bad way! Yes some people get profit form it but!!!it decrease your future chances of earning even more higher profit... And so does for everyone else... Bitcoin's price is always decreasing and increasing so there is no new about it but the problem is the people who thinks that if bitcoin's price is decreasing for consecutive days it will dump and dump so they tends to do panic selling because they are afraid to loss some money on their holdings. They can't accept the fact that bitcoin's price is fluctuating every time. |
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Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
Of course it is, as time past by, maybe this time there are persons who are already making or inventing a new cryptocurrency that is more advance and reliable than bitcoin. This time bitcoin is the most powerful cryptocurrency in the economy but we are not guaranteed when or how long does bitcoin remain its position. Just be ready for the time where bitcoin face its downfall, but I hope it will not happen very soon. |
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Can you really be sure you will profit unless you have insider info?
I think it is all depend on your skill if you are good at know-hows on trading and yes trading is about educated guessing because it is hardly to say if the price is always higher because we know bitcoin' value us fluctuating everytime so it might higher or lower. |
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Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
Right now bitcoin is being popular even at its unstable price so no wonder that if time comes that biycoin's price is stable and higher that the previous value it will remainsl its popularity especially to those investor that invest an big amount in bitcoin and gey a hgher profit that what they expect. |
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Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
If another cryptocuurency arise and more advance than bitcoin I think it can destroy bitcoin but not that no one will use bitcoin it can be decrease the amount of people who use bitcoin if they see that there is more powerful than btc it's quite ironic that because of bitcoin it can destroy itself. |
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How can you earn 40 dollars a day in bitcoin?? , let's share the knowledge on this topic , and hopefully we get more success after share my experience in here
It depends on your abilities and skill if you have the skill and you know the know-hows on bitcoin and the shorcuts I think you can get 40$ a day especially when you join a good bounty or you are good at trading but trading is kinda risky. |
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I heard that bitcoin is a good investment for making a huge profit in the future , is that right ? Because i want to buy some bitcoin in these days .
Yes it is a good way to invest your money on bitcoin because even it is not stable you still get high profit from it unlike on local banks. But it is kinda risky because there are may scammers over the internet so if you are not aware on this kind of surrounding much better to learn first. |
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Some bitcoin users told me not to do transactions in these couple of days because hackers are active these days. I want to know is it true? or some kind of rumor? Anyone here who have faced such problem?
It is true that there are many hackers hinding on the internet and it is possible that they are active and we don't know when will they atack you. So it is better to be alert anytime and you should check if the site or your co-transactor is legit. |
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many of my friends did not work but a lot of money away was great when compared, to me that is still working in the factory, I was confused from where producer obtained from bitcoin?
There are many jobs especially online jobs that offers bitcoin as thieir salary. The most common example of that is the signature campaign on this forum. The higher the rank you have the higher the salarybor bitcoin you get. So I think that where your friend's money came from. |
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a few hours ago I noticed bitcoin had started to rise. and now it has reached $ 3409.97. What do you think ?
Anytime bitcoin will dump or pump and we can't tell when. Innthe fast few days bitcoin's value dump I think it is because of the banning of bitcoin in china, so as day past by chinese peoole look for a way to continouosly use bitcoin and for me I think itis a good start to recover the loss. |
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