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381
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Other / Off-topic / Re: If i give you 10 BTC what will you do?
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on: August 22, 2016, 11:23:05 AM
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I want ask anyone if i give you 10 Btc what will you do. because i want investment but i have no any good idea to invest it (except gambling) but i don't like dambling.So i want ask you viewS.
actually I don't really like this question. I will be happy if you give me those 10 bitcoin rather than say it  I also don't like gambling. you can invest your bitcoin in altcoins (trading), or you can open a shop that accepts bitcoin as payment. The best way to grow your coins is through altcoin trading, but you should invest in it only if you are aware about the market or else it will be an risky affair. |
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382
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Economy / Speculation / Re: How many bitcoins do I need to retire in 20 years?
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on: August 20, 2016, 12:13:18 PM
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In 20 years, I think 30 BTC may be enough for retirement, if the currency continue with a good level of appreciation and adoption, of course.
I think we could not predict the future, so probably 30 BTC might not be enough.. It is better to have plenty...Bitcoin I think should not be our only retirement fund, there should always be other alternatives just in case bitcoin fails, but one thing is for sure, fiat would not fail, and other investments in real life like real estates... If you have a plan to get retired only on bitcoins then its always better to have more coins in you wallet, as we don't know what value it will hold in future, either it will be higher or too low, so playing safe is the best thing we can do. |
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383
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Economy / Economics / Re: Should I believe in Bitcoin ?
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on: August 20, 2016, 12:11:26 PM
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Only trust in bitcoin if you understand bitcoin and see the benefits of bitcoin towards other, more traditional payment ways.
Then you can believe and invest with peace.
We all are here only because we believe in bitcoins and we are sure that it will reach to new heights in future and giving us an opportunity to earn lots of money from it. you are right, people of this forum have a strong belief that bitcoin might become big and change the world, i hope banks will disappear because of bitcoin soon That is why the forum itself name is bitcoin so people here are really believing in bitcoins. And of course all of the people must believe in bitcoins because it is going to be the best crypto currency of all time and many now are depending to it. If you are going to see some gaming platforms and as well as gambling sites they are accepting it. The fact is most of the users are using bitcoin for gambling purpose but apart from gambling bitcoin holds major benefits which are not attached with any other currency. |
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384
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Other / Off-topic / Re: Will you quit your day job to go full time on bitcoin?
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on: August 20, 2016, 12:09:34 PM
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It depends on the job, and the level of stability, of course. But as we can see, things are not very stable in crypto lately.
If we are just going to think of it clearly, it is very hard if we are going to depend only with your full time job and it is going to be good if you are going to have a lot of sources of income. And it is going to be better if you are going to able to have your time for both of it. It seems that many are working for bitcoin in full time here. have income from various sources it is very good if you are able to manage the time for it, but if you can not manage a good time it will be chaotic. so better take jobs that have higher incomes. Yes its always good to have multiple sources of income but that is only possible if you hold good time management skills, and if you have it then you can easily make good money in different ways. That's true even professionals are doing it. Especially when they have a lot of spare time they are getting bored from it. They want that their spare time is going to be profitable and it is going to be good if we are going to allocate that time to bitcoin. Full time or part time as long as you are not having hard time to manage your time. People who are not satisfied with their income will surely find the other way to earn money, and bitcoin is the best to earn some additional money and most of them are earning in the best possible way. |
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385
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Economy / Economics / Re: How to make 17 BTC out of 7 BTC ?
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on: August 20, 2016, 12:07:16 PM
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Does someone has any suggestions how to make 17 BTC with 7 BTC starting capital in short period of time?
No investment is guaranteed to generate you profits in a short time. The only way is gambling, or trading in BTC or in another currency (but it's basically gambling as well). Trading is absolutely not gambling, it surely has risk as well but not as much as gambling has, and it is proven that trading needs knowledge and experience which gambling has nothing to do with. Can you find gamblers who can proudly say that they use their experience of knowledge to make profits with it? You cannot. But you can find a lot of traders who are earning a living with it and that they can proudly say they are traders. I completely agree. Gambling requires no knowledge and skill in traditional sense, trading does. But the two things that gambling and trading have in common is that for both you need a bit luck and both caries certain amount of risk. Also, gambling doesn't give us a chance to withdraw the remaining bet amount while in trading, we can cancel our trades if they are in loss and withdraw the remaining amount. There are higher chances to win while trading as many experts predict the prices correctly and let us know which currency pair to invest on and even it's the case with bitcoin trading where we can get an idea to buy/sell bitcoins which is not possible with gambling. However, many have managed to double or triple their income with gambling. There are many people who are earning a living with gambling, but its not possible for all as everyone don't have that high level of courage to invest all their money in gambling. There are many people who are earning a living with gambling, but the proportion of these people are just small number of all the gamblers. Those people are in general the owners of casinos, that doesnt take any risk and collect their fees, real players able to gamble and live from it at bitcoin are small, maybe 1 person in 100 the ratio. Doing trading should be safer as well sport bets, but each one has a risk associated to them, to double such ammount without risk its impossible. Trading is still better in compare to gambling as in trading you hold power to multiply your coins with your knowledge but in gambling it is totally based on luck. |
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386
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Economy / Economics / Re: Is it better to save money or invest it?
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on: August 20, 2016, 12:03:35 PM
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with no riks there is not profit!
So I guess it is better to invest
Investment is always an better option in compare to saving as it will allow your money to grow in long run, with savings you will only have limited money saved for future. |
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387
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Economy / Economics / Re: I'm not gonna sell any coin.
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on: August 20, 2016, 12:00:23 PM
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Im investing small ammounts of bitcoin into some altcoins that i believe are under the real value, soo i will hold them till end the year atleast and then i will think what i will do if sell or wait a bit more, usually the savings returns good profits and almost without risk.
Holding it till the end of the year is a good thing to do as everyone is expecting higher price in the end of the year so if we sell at that point that it can be really profitable. |
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388
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Economy / Speculation / Re: If bitcoin dropped to $1, what you do?
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on: August 20, 2016, 11:52:13 AM
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if that happens I will buy all of bitcoin and wait until normal price are you sure? then why you did not do it back in 2009 or 2010? noone knows what will happened if bitcoin dropped and crashed to $1 , mostly will just get panic and sell all bitcoin they have instead buy it as many as you can , when it happened you will just think bitcoin era are almost over. Its very easy to say that we will buy to maximum extent but in real life people would surely get panic if they see that low price of bitcoin and would not prefer to invest in it. |
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390
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Bitcoin / Bitcoin Discussion / Re: Where to Invest BTC?
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on: August 20, 2016, 11:33:50 AM
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I believe that at the time the best option is to hold your coins. But keep an eye on some ICOs that are about to come.
Yes, I think holding bitcoin is mengutungkan thing to do and does not require special skills. My advice to beware of altcoin new release, because if we are wrong to buy dead coin will result in losses. IMO Research is the most important thing while investing in altcoin, as you will see many new coins on daily basis and it makes it really difficult to know the reliability and durability of that particular coin. |
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391
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Bitcoin / Bitcoin Discussion / Re: Bitcoin can disappear?
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on: August 20, 2016, 11:30:47 AM
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It would not be that easy to make such a big thing disappear, but it could happen.
It can happen only if it gets replaced by new and innovative currency in future but I think it will take really long time to happen, unless bitcoin is holding good value, it won't disappear easily. |
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392
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Other / Archival / Re: Do you use bitcoin as currency or investment?
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on: August 20, 2016, 11:26:39 AM
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Mainly as an investment, holding for the long term.
why you only make bitcoin as an investment only? what's the reason? have you ever thinking to consider bitcoin as currency? or digital currency at least? bitcoin are spendable almost everyhere around the world currently , some people even call bitcoin as the future of global currency. Bitcoin is mainly used as a digital currency and not as a physical currency and that makes people to treat it as an investment and in future when people find direct places to spend they will start using it as a currency. but in order to see that happening we need to create some demand so places will accept bitcoin. Unless people are not made aware about bitcoins it won't be easy that we would be able to spend it easily, merchants will start accepting it only if they hold sound knowledge of it. |
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393
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Other / Off-topic / Re: du you spend coins on real life.
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on: August 20, 2016, 11:24:30 AM
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I tend not to spend any of my coins.
It is not like I cannot, but I still believe bitcoin is more than just currency.
Exactly, its an best investment for the future and that is the reason most of the users prefer to save it so that they can earn best benefits in future. |
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394
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Economy / Economics / Re: How many Bitcoin do you have saved?
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on: August 17, 2016, 09:26:04 AM
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Current time I have less then 0.50 bitcoins in total, I had 2-3 bitcoins in past that I sold last month at the time of halving.
Yeah same here i already sold my bitcoin and i have only few bitcoin i think 0.1 or below in my wallet.. I am planning to increase more bitcoin if the price of bitcoin will continues to decrease.. of course everyone will try to continue to grow their bitcoin. but I think the strategy is that you must leave more than 50% for the store in the wallet maybe you could use 30% or less of it to grow bitcoin. so if there is something that does not want. you still have a reserve of money We do it because it is a easiest way to get profit, and everyone can do it and handle it instead of trading and big investments. So i also start bitcoins for saving and when price increase than i sell it, and i believe bitcoin made for this way of investment, hold it than sell it and than again buy it and making profit. Only holding will give less profits but if you try to grow it with trading then it will increase the number of coins in your wallet and it will also multiply your profits. |
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395
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Economy / Economics / Re: When do you buy Bitcoin ?
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on: August 17, 2016, 09:24:40 AM
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I usually buy bitcoins when i don't have any bitcoins left in my wallet and sometimes when i want something online, i'm using bitcoin as the payment for the transaction.
Yup I am earning and buying coins so that I can send money to my family whenever I want, as it involves very less fees and transactions are available 24/7. It's true, that is the benefits in having bitcoin in your wallet as anytime you want to spend it you can transact anytime, as long as you have the internet everything is possible. Spending is really good but we also need to limit our spending to focus and prioritize more on savings for future investments. Spend only in case of any emergencies or else simply save it for future, as it will be more worth in future so if you have saved descent amount of coins then you can expect higher profits. |
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396
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Other / Off-topic / Re: Do you actively spend your bitcoins?
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on: August 17, 2016, 09:22:45 AM
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i do not spend my bitcoin recently because its good time to hold bitcoin and its really increase its price too much faster and i hope we can get good profit from bitcoin in future .
With the current price, it is not increasing but there is not much to panic because the price will eventually increase and we have seen that many times already. It is always the trend with bitcoin that every time there is a fall back of price, the next thing to happen is a price pump. Yeah we need to have patience with our bitcoins, price is low at a moment but it will rise in coming months so I think spending when price goes higher is the right thing to do. |
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397
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Other / Off-topic / Re: Will you quit your day job to go full time on bitcoin?
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on: August 17, 2016, 09:21:06 AM
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i think going full time on bitcoin is good way to rich, some people who earning bitcoin in first time now have more money because in first time we can earning 0.02btc just from faucet
It is not good because there is no single signature campaign who will allow you to post more than 100 posts per week and if you are doing trading then price of coin will decrease as well. And if you are doing it as a part time you will earn that money as bonus. Yobit allows you to do that as long as you are not spamming, it is a hard work actually but if you are enjoying doing it you will not notice the time consumed. Take it from me, but I don't really my expense in my earnings because I have a day job to take care of that. The fact is yobit have now stopped accepting new participants so that option is close and I don't see many active campaigns at a moment from where you can start earning bitcoins. and i confirmed that yobit dont accept anymore new participants on their signature campaign. There are some active and vacant signature campaigns out there just go to the services section and you would definitely find vacant sig campaigns which is a good way on earning bitcoins here in this forum. You may find signature campaign to earn bitcoins but the point is will those earnings take care of your living and can you afford to quit your job for that low amount? No. |
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398
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Other / Off-topic / Re: How to tell your Girlfirend about BitcoiN??
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on: August 17, 2016, 09:19:09 AM
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that is very easy to tell to our girlfriend about bitcoin, but i do not think that they easily to convince to use the bitcoin because earning in bitcoin is very hard and boring sometimes.
Its not boring but its exciting to earn bitcoins but yes its very difficult to earn and girls hates difficult things to do so I think they will prefer to stay away from bitcoin. Exactly, girls dont like difficult things and for sure they would not be interested in earning bitcoin because as we all know earning bitcoin is a little bit hard and it requires time and effort in able to gain some of it. Girls only love in spending money not on earning it i guess. But we see in most of the countries women doing jobs life men, also they are handling their houses and children. And i think Bitcoin helpful for girls, because they can work with bitcoin at home and in anytime so if we explane the bitcoin for girls or girlfriends definitely they accept it. Its really important that how you put entire concept in front of them, if you keep it simple and show them that they can earn it from without going out for doing a job then they may show some interest in it. |
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399
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Other / Off-topic / Re: What is your plan to get rich with Bitcoin?
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on: August 17, 2016, 09:16:18 AM
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Yeah if you see higher price then you should not hesitate in selling your coins to secure some profits and you can again buy it when you see lower price.
This is not a perfect strategy but it can work. But if you sell and the price continues to rise and never fall for a few months, then you will have no income for a few months. Maybe if you know margin trading then you can profit when bitcoin rises and when it falls. Its always wise to not to sell all your coins at once, keep some safe for the future so if price goes even more higher in future then you can still have coins to sell and earn extra profits. |
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400
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Other / Off-topic / Re: How kids can "earn" Bitcoin ?
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on: August 17, 2016, 09:13:49 AM
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I think kids are not interested in bitcoin but if there is a good game like pokemon go that related in bitcoin maybe they can earn while they are playing the game.. but for now i dont heard any apps like that..
yeah kid are really not interested in bitcoin . Kids are not interested in bitcoin because it require time to earn money, if bitcoin introduce some kind of fighting game or racing game and give chance to kids to earn bitcoin by playing then kids are happily playing games and earn bitcoins and yeah they are interested in bitcoin as well and learn some facts about bitcoin. I don't think that kids would be interested in earning bitcoins at the early age, as they might find it complicated at initial stage and would prefer to stay away from it. |
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