Yes I am holding on to my Bitcoins for a price increase. It can take a while before the prices change. I am just waiting for the right price so that I can sell some my coins and make a profit.
I also am saving some bitcoins. While we never know whats the best price to sell, we always know that once price is around 700-800$ that is good time to sell. I bought some bitcoins when price was 230$ but feeling bad to sell now, so waiting for 500-600 to be reached then sell. |
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I hope the price of bitcoin will soon arrive at the price of $ 500, but I think it probably will not happen soon, because I think the price is still very stable bitcoin today
But stable prices are very much important reason for upward price movements. Before any rally all the commodities will trade within the range and will looks more stable. So, $500 will be testing very soon. |
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The concept of decentralization will not exist if there will be banks for storage of bitcoins.
So its good not to have any bitcoin banks
Yes, if banks start to control bitcoin by any means, then bitcoin will no more decentralized currency. First we need to think what is the advantage we are going to get if banks start controlling bitcoins. |
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I think it should be best to start with the terminology first, if you can write it, do it, but it would be best to do a video of it.No need to give them the list of shops and exchanges that accepts bitcoin, they will learn them as they start to use bitcoin, just give them a couple of those sites
Terminology or concepts are not a big issue, when you start using bitcoins. But altogether is always a problem. We need to teach them time to time when they practically facing the requirements. Because, studying about bitcoin will make them boring and which might lead to leaving off bitcoin ecosystem completely. Yes, we need to be very much careful that the new bitcoins aspirant not getting boring when learning bitcoins system. The practical approach must be very good idea which will not make anyone boring. |
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Bitcoin in 2020 will not only be bitcoin's year. Maybe next year up to 2020, some of the other crypto's will share spotlights to bitcoin. If this happen, the road to $1k or even $2k price per BTC1 will really have a low chance to happen.
For me there will no other coin that can out wit bitcoin,the 1k in 2020 is still possible because there will be a new halving on that year. And it is also a possibility that the price reach to that much value which the OP has mentioned as if the price can reach from 0.01 euro to 400 eoru with 6 years then in the coming 4 years it is also a possibility. |
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Fear of losing money
Yes, there is a fear in the heart of people that if they bought a large amount of bitcoin and kept them in their wallets and if the price of bitcoin dropped then they will lose significantly some money. |
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The experts/developers have announced that bitcoin halving will occur in this year in the mid of July and they have gave a good news to the users of bitcoin that the halving will have a good effect on the price of bitcoin, hope it will be increase value.
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It is right or not that Russian scammers ? I think the most of them is not look like that. Maybe few of them are scammers. Russia have so many occupations and it is possible if Russians is the most bitcoin user. Russia is a big country and its citizens have a large number of occupations, and there are the same proportion of good and bad people in every community , so in that the Russains are obvious, just like the Chinese are obvious in physical trade. |
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if you plan to get rich with Bitcoins, its a long term way , firstly you should have a lot of Bitcoins and secondly you know the good way to use bitcoins and get profit.
trading of bitcoin is a really good way to use bitcoin for getting profit. there are many trading strategies. like trading bitcoin to altcoin, to other fiats, forex trading, and one and most profitable way is arbitrage trading, you can easily get lots of profit if you know how to trade bitcoin and how to avoid and safe your self from scammers. I also like trading especially in the field of bitcoin which now a days is more beneficial and giving me big profit and maybe in the future, I will continue with it regardless of any situation of bitcoin prices in the future also. |
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gambling is very difficult to leave. if we want to really leave the gambling then the most powerful way is "leaving the internet". because now stems from internet gambling.
Leaving the Internet is not a solution, that is just a temporary solution. An addicted gambler will find that it is extremely 'painful' to quit gambling. It is because you do not want to stop. If you have a strong will, it's pretty easy to stop within a few weeks or less. I have a very strong will, and that is why I seldom gamble anymore. Yes quitting gambling is not easier task like getting into gambling. I guess staying away from gambling should start from staying away from Internet and spending more time with other activities, meditation definitely would help. |
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Gambling is the fastest way to double your bitcoins in a day or even in an hour if you are really lucky. Life is a gamble anyways so it's up to you to decide on that.
if you believe in life is a gamble then you must believe in do or die too. If you go for gambling then you can make profits if you are lucky. Otherwise it will become a poor. Never suggest gambling a way for doubling your bitcoins and never go for do or die options. |
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I mainly have bitcoin to save and as a form of investment.. I am also doing trading with it but not big time...My earning from bitcoin is not a part of my daily income..I am only using it and convert it to fiat when needed...
I am also using bitcoins as an investment for my bright future. Those who are believing in the future of bitcoins, definitely will be interesting in saving with the bitcoins. I am also doing systematic monthly investment into bitcoins buying. |
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It is true that there is an increasing and stronger economic sector based on the bitcoin, which is generating some employments and new fortunes, but I think most bitcoiners (especially newcomers) can't depend exclusively on bitcoin to pay their expenses, and this is my personal case.  Not only with the bitcoin, in any sector the newcomers will not be able to find full-fledged earning opportunities. You must need at least enough experience to get some decent amount of bitcoins with bitcoin opportunities. |
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Let's assume that we reach a new ATH of $1,700, what do you do?
Even it could reach last times ath 1k$ everybody will sell like i will. But even it seems hard for bitcoin to reach that point. But I think it can in this year happen only in our dreams, in actual it will reach to $700 or $800. But we can not simply ignore halving for no reasons. It may bring more investors to make bitcoin prices even $2000 also. |
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Announcement:
Wanted to give a heads up to everyone that, due to an emergency, I have to go out of town on Wednesday and I'll be back either late that day, or the next day. I'll be counting the posts a bit late, so when I'm back, I'll count every post up until 1PM of Wednesday. Sorry for the complication (in advance).
SFR, You are always dedicated to your work and very much conscious about your appointments. (I have seen this when you were managing fastdice with your sister engagement). I do not have any problem even with Thursday payments. I hope all the participants here will understand your emergency situation and will co-operate. Just this announcement is more than enough. Go and solve your emergency with peace of mind. Take care and good luck. |
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there are big difference between gold and bitcoin.
Bitcoin can be used as a currency and can be transact anywhere in the world.
while Gold, it's a precious mineral also it's mined physically.
So, i'd prefer both. But if i'll choose what is the best to invest, i'd choose bitcoin.
Difficult to choose one of them, doesn't it ? Both of bitcoin and gold have different advantage even uses. But we can using them together . But we should have to invest more in bitcoin rather than in gold if you are a good trader as trade with gold is a long term investment and with bitcoin in short term. You can earn a good amount within a short time period from bitcoin trading. |
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yes it seems today we have increased several dollars. I hope it will continue until halving occurs  The price before the halving will be around $600. The halving is around 100 days from now. So that is $2 per day. And that $2 is much beneficial for some people in the third world countries as in other means of earning they have to do much hard efforts to earn that $2, which is free with bitcoin. But this increase is not a constant way, some days we see a continues down fall and some days we see a continues rise in the value, no one knows that what is happening but it is a hope that yes before halving it will reach $600. |
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I would have spent some of them in a physical uᴉoɔʇᴉq shop if there is any in my area but there aren't, I practically almost traveled to visit a uᴉoɔʇᴉq ATM that opened close to my area but couldn't find a cafe or anything like it accepting uᴉoɔʇᴉq till now.
If in your country there is an ATM machine for bitcoin, then I think now there should be a time that a physical store or café accept it!, as with bitcoin ATM countries are much developed countries. |
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uᴉoɔʇᴉq in general would be fine without altcoins, uᴉoɔʇᴉq already was running when there were no altcoins and uᴉoɔʇᴉq is the base and origin of cryptocurrencies, I don't think it will be the same-way around though, I doubt altcoins could sustain without uᴉoɔʇᴉq that it can be bought and sold for.
Yeah, altcoin has nothing to do with the future of bitcoin, these are only rumors that bitcoin is due to altcoins, but these are only traders who want something to trade bitcoin with it. |
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Yes. Try uᴉoɔʇᴉq lending.
uᴉoɔʇᴉq lending is not suitable for all the people who do not have experience on how to treat and how strictly need to follow the rules for collaterals. Otherwise, there are many scammers who will borrow your money and will run away. But in my view lending is a very good opportunity to multiply (not just doubling) your bitcoins. But I agree we need to be more careful in dealing with borrowers with the proper colladreals. |
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