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301
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Economy / Economics / Re: How many Bitcoin do you have saved?
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on: September 04, 2016, 05:37:36 PM
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I am not able to save any bitcoin, all that come is spent in mobile recharge, gambling and buying digital goods.
Same story with me. I don't have any btc saved due to daily needs such as daily mobile load, daily expenses and i also used it to gamblings, investment but sad to say i lost it. Investment turns to scam, and sometimes i used to bought digital goods via online shopping. Try to buy things with fiat money and save bitcoins for the future as it will be more valuable in future giving you better and higher benefits. Yes, In the past I also used bitcoin for my mobile recharge, buying things and other. But, now I learned the value of store bitcoin. I think if I can store 10 btc now in future I will get good profit from it. so, I am waiting for increase of btc price. 10 btc is a really good amount for any user to hold, but its not easy to achieve that high amount quickly, we need to make lots of efforts and hard work to have higher amount of coins in wallet. |
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302
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Economy / Economics / Re: Investing Bitcoins?
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on: September 04, 2016, 05:35:15 PM
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I will prefer to invest my bitcoins in any potential altcoins like XMR or ETC at a moment as both of them are performing really well and it may continue in coming days too.
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303
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Economy / Economics / Re: Tell me your predictions about Bitcoin
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on: September 04, 2016, 05:32:45 PM
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i personally think that the price of bitcoin will start increasing very soon, and this time it will not stay at 790 $ but it will even cross the 1200 USD level at the end of this year, therefore i will like to say that it is the best time for investing in bitcoin .
That was a big prediction but it is way too far from the price now. There is no halving yet so how could this happen? In terms of buyers there is not much change although some are investing in, still there is a lot of space for the demands to go higher. I guess just to go up about $ 200 from the last price is not difficult for bitcoin, only this time the market tends to be slow so it will not rise in price a lot. of course it is not difficult at all, i think that the price should be growing up a lot in the near future, this pump might turn out to be even bigger to be honest No one knows what exactly happen in coming days, but its good to see price crossing $600 level today and lets hope that we don't hear any bad news in coming time. |
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304
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Other / Off-topic / Re: du you spend coins on real life.
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on: September 04, 2016, 05:29:35 PM
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I do spend my bitcoins in real life since I always find a service or a good to buy on web. Although each time I spend them it feels bad and undervalued. Feels like I'm spending my kid's collage funds.  Lol then I think you should not spend it and save it for future, as for the better future of kids we can afford to sacrifice our spendings for their better future, and we can buy anything that we want with fiat. |
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305
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Bitcoin / Bitcoin Discussion / Re: What is big problem in using of bitcoin
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on: September 04, 2016, 05:18:21 PM
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The biggest problem with bitcoin is that it's a personal i mean no government interference is there so government our country could easily ban using bitcoin and all my earning would go in vain. But I will still stick to bitcoin till the last day of bitcoin in our country.
Even if Government will ban it, I think people will continue to use it but the only problem would be to convert it to fiat, and may be we need to convert it to fiat illegally. |
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306
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Other / Off-topic / Re: Will you accept bitcoin as your salary?
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on: September 04, 2016, 05:15:06 PM
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if the value is reasonable i will accept it.
the problem is usually the rate of paying and ''real rate'' of bitcoin price in exchangeris diffirent with highest prencetage.
the same for me, also the price of the bitcoin should be way stable than it is right now, in my opinion only then people would be into bitcoins Yes that woud be a great factor to consider if they will offer bitcoin as your salary if the price is stable. Otherwise, employees would still prefer the cash as their salary. And also make sure that everytime your bitcoin salary will turn to cash it should be free. Neither price will be stable nor you would be able to convert it for free, you need to pay transaction cost to the trader, as of now its not free in my country and I am not aware about the scenarios in other countries. |
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307
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Other / Off-topic / Re: Why would customers use Bitcoins?
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on: September 04, 2016, 05:10:38 PM
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I came to figure out, why would a consumer/customer use Bitcoins?
You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.
So what is really a benefit for using Bitcoins, customer wise?
I think the reason why the customers using it maybe some are they just want to experience the benefits of bitcoin, or some are for the investment, others are for savings and lastly they want to encounter those benefits of Bitcoin. Most of the people are using bitcoins to make profits from it in future as everyone is expecting higher price in future so they are busy in investing their money in bitcoins at a moment. Now more users had considered it for making good profit as no other investment gives such big as well sudden variation in price in accordance to time. In my view circulation of bitcoin is much needed for further growth, so when more users use bitcoin automatically the circulation increases, which in turn give assurance of growth. Yeah circulation of coins is mandatory to see higher price in future, if everyone will prefer to hold then it will not contribute in taking price to higher level. |
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308
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Other / Off-topic / Re: What is your plan to get rich with Bitcoin?
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on: September 04, 2016, 05:08:36 PM
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We need to have more fiat to invest in cryptos or we need to work hard to earn more btcs daily, there is a possibility to earn much btcs in trading, but only if you know how the proper way to trade is.
Yeah if you want to become rich with bitcoins then you need to have good capital and if you invest that in trading then you can become rich over a period of time. not necessarily sir. bitcoin in a world where anything can happen. for example, investing in trading, we do not require a large capital to get rich. even many people who become rich just by their hard work. plus a bit of luck that will make everything to be perfect. But you cannot afford to depend only on luck every time, sometimes luck may not favor you and which may allow you to loose your money, and getting rich with bitcoin is not that easy. |
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309
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Other / Off-topic / Re: Why would customers use Bitcoins?
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on: September 04, 2016, 05:02:42 PM
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This is awesome money you can trading, purchase, gambling, invested, and many other just with bitcoin
cutomers must use bitcoin
Yeah, i agree. Bitcoin is awesome, to many uses just like, purchasing a product to online shop whose accepts bitcoin payment, sending money to loveones who is far away from you ,less hassle, bitcoin can be use for gambling, investment, loads and it can be cashout anytime you want. And more aspect bitcoin can be use. Yeah bitcoin holds multiple features and its helping its users in many ways and people should use according to their convenience and benefit that best fits them. |
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310
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Economy / Speculation / Re: How many bitcoins do I need to retire in 20 years?
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on: September 03, 2016, 01:05:54 PM
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I'm sure you will need many bitcoins for the next 20 years, maybe you need around 200-2000 bitcoins to retire in 20 years and you can start earning bitcoin from now.
Cost of living is not too high in my country, so I think if I have even 100 btc then I would be satisfied as it can give me good and comfortable retire life but its always good to have some more. |
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311
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Economy / Economics / Re: USD vs BTC
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on: September 03, 2016, 01:03:18 PM
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Dont fool ourselves. Not anyone yet knows bitcoin but almost every one knows USD. Someday maybe can be that popular as usd and hoping I have lots of bitcoin when that time comes.
Even if bitcoin gains more popularity in future, usd will always have an upper hand on bitcoins, as usd enjoy huge number of users and it is a currency that is used and accepted everywhere. |
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312
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Economy / Economics / Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
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on: September 03, 2016, 01:00:55 PM
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I am not sure if it's going to happen. Bitcoin is becoming more and more popular, but I don't think it will be as popular as mainstream services in five and a half year.
It depends on the further developmement of the bitcoin infrastrucutre and the general financial technology. Yeah, it's really depend on that and depend on the bitcoin user too. If they want motivate other people to use bitcoin, maybe everyone will use bitcoin on 2022. Even if you motivate people around you to use bitcoins, you cannot expect that everyone will start using it as there will be many people who will prefer to stay away from online stuffs. you're right and also if in 2022 people still counting on local fiat and not going to try a new technology just for example a cryptocurrency named bitcoin then bitcoin's popularity will be remain the same,when you motivate people only small amount will get interested and the rest will don't care The fact is that people resist change and they don't want to experiment with their spendings, if they are comfortable with credit cards and fiat then they will not bother about bitcoins. The infrastructure of bitcoin has not been built universally. We are not paid with the bitcoin, so we will not use the bitcoin. Even if we get paid in bitcoin we also need to have enough places to spend or else it will useless to receive salary in bitcoins and the only way is to convert them to fiat for spending. |
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313
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Other / Off-topic / Re: What do you do with your btc?
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on: September 03, 2016, 12:56:08 PM
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I mostly try to build up quantity of bitcoin I have. The few that I have I try to increase by trading and lending. I have used some for online purchases in the past.
I also trade because i believe that in trading my bitcoin will grow i just need to be patient while i hold some of my bitcoin, waiting for the price to increase. sometimes i gamble if i have free time and spend small amount of my earnings. Trading is the best option to multiply your coins, and with altcoins you can do it even faster if you have chosen a good coin, gambling is good but only for having some fun with small amount. |
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314
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Other / Off-topic / Re: How did you get into Bitcoin?
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on: September 03, 2016, 12:54:31 PM
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About two years ago, i always bought books in online store, and i saw new book, it was digital currency then i bought it. I was learn about bitcoin, cloud mining and trading until right now.
That's great that you found a book on digital currency as I have never experience that and most of the times I am on computer so I prefer to research from online resources. |
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315
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Other / Off-topic / Re: Bitcoin Changed my life has it changed yours?
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on: September 03, 2016, 12:52:47 PM
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I'm not like those that think that bitcoin is a bad thing and bitcoin is used only by hackers.
Hopefully I understand how bitcoin works and approx which people use it and what purposes for!
Bitcoin changed my life because it saves me money, it brings me profit and makes me use paypal less.
Bitcoin is only used by hackers?  Where did you first hear about that?  It's strange how you didn't know this, or maybe you are a bit new to the bitcoin. This information can be found here in the forum or by just looking in google. But bitcoin has changed the life of many people around the world, sometimes for bad and sometimes for good. Yeah people who have chosen right track to earn bitcoins will be really satisfied with bitcoins but people who have lost their coins in gambling or in ponzi will be having negative feelings about bitcoins. Well that is why I have chosen the right path with bitcoin and I would say that bitcoin changed my life as it is a real online money. And every time I'm trading it is just like I'm into stock market and making real money. So it is really making me happy as it let me experience the way how trading really is even it is alt coins. Every coins has two sides, positive and negative and it depends on an individual which side he chooses, if you take it positively then bitcoin will surely help you in positive ways or vice versa. better yet learn deeper about bitcoin, because for me it change me in terms of giving value to my investment as i see bitcoin like a pure investment that surely grow in the near future so changing me in the good ways saving for my future. Yes bitcoin is an great form of investment which holds an ability to give best returns to its investors, and I am sure bitcoin will not disappoint us in future and give us best profits. That is certainly true comrade, bitcoin is the currency which has an incredible ability to change our lives for the better. We can benefit in the bitcoin until whenever, when we have a strong desire. Continue to focus and do the thinking negatively about bitcoin. Because it is only going to make us do not believe and do not have a good spirit Yes bitcoin is benefiting its users in best ways, and we should consider ourselves very lucky that we are a part of this innovative currency which can make us rich in future. |
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316
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Bitcoin / Bitcoin Discussion / Re: Bitcoin is a good way to store money?
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on: September 03, 2016, 12:50:28 PM
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Surely it is. If I never invested in Bitcoin, my overall wealth would not even be 50% of what it is right now.
I was solely a hodler as my handle may suggest, but since a while I have also jumped into trading to increase my coin count.
So yes, for me personally, Bitcoin has been a great store of value and investment option.
Yup bitcoin is best as an investment tool and I am putting my part of salary in it on regular basis to earn best returns in future and trading allows me to have some 'extra' coins in my wallet. |
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317
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Other / Beginners & Help / Re: Doubling Bitcoin?
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on: September 03, 2016, 12:48:16 PM
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Yesterday was a good day to double your Bitcoins. XMR was looking bullish. Unfortunately, I was too much a pussy and set my buy order too low. I set it at 165.. I should have bought at market price. It was looking like a nice triangle breakout and I didn't trust my gut enough.
Yeah XMR is booming at a moment, and if you would have bought when price was 007 then by this stage you would have earned more then triple profits. |
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318
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Other / Off-topic / Re: Will you accept bitcoin as your salary?
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on: September 03, 2016, 12:46:34 PM
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yes i will accept my salary in bitcoin because bitcoin is very useful in everywhere corner of the wold and we can buy any product through bitcoin with easily and with fastest transaction .
Are you sure? I haven't experienced that.. When I have to purchase something I need to convert my bitcoin to cash and only few items are priced with bitcoin and mostly are digital goods... You are lucky if you could maximize the use of your bitcoin...  I don't what he is saying is true, as everyone is complaining that they cannot use bitcoins directly and I don't think that there are many countries where bitcoin is accepted so easily. It is indeed true and that is very disappointing. But it also doesn't have a bad impact on our lives, because we can still Exchange bitcoin into fiat. For now I prefer to invest in the bitcoin: for this I guess more profitable But if you accept your salary in bitcoin and if you are going to convert it to fiat then that doesn't make any sense to accept salary in bitcoins, and its not possible to use bitcoins anywhere at a moment. |
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319
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Economy / Economics / Re: How many Bitcoin do you have saved?
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on: September 02, 2016, 05:58:46 PM
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I put 5k into bitcoins which is basically my life savings that I can afford to put into bitcoins. I've got a few more years of college so can't touch that money. The reasons behind this decision may be more from an ideological perspective rather than a sound investment yet I see great potential in investing in Bitcoin.
Bitcoin is expected to go higher in future so if we believe the same then I think this is the right time to invest in bitcoin as it will not be easy to invest in future when price is on top. |
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320
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Economy / Economics / Re: Sell Everything?
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on: September 02, 2016, 05:56:58 PM
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From my point of view, this is not the best time for doing such a thing. In my opinion the value is not that high at the moment, so I think it would be better to be patient rather than selling everything at this time.
I dont think the price of the bitcoin will drop anymore and other people are telling you they should expect the worse. Which is very odd since the halving price in a way should stay above 500 dollar for miners to make profit Even if price doesn't goes higher in coming months, I won't mind as I am satisfied even with current price level as I bought my coins when bitcoin was playing around $350 in past. |
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