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61
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Economy / Economics / Re: Is it better to save money or invest it?
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on: October 12, 2016, 07:50:30 PM
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Both of them are useful to a person who is open minded to business. Those two are the key to thier success.
yes you are right but i think investment is more good than saving, as from saving you cannot grow your money, but if you invest your money through this way you can even save your money and also grow it. Your right you can not grow your money but its risky if you invest it unless if you are investing in real life for your own business. For safety of your money banks are there to save it that you can increase the amount for just save more every time you receive your salary in your job.. I think to get better benefits from saving we should put our money in fixed deposits where we get higher interest rates in compare to saving them in savings account and once you have saved enough money, you can start with small investments. |
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62
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Other / Off-topic / Re: What can i do with 3 Bitcoin?
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on: October 12, 2016, 07:48:00 PM
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A friend of my want to give me 3BTC and he want me to pay him back 4BTC in 2month 7days but he asked me what will i do with it, how can i turn 3 bitcoin to 4 in 2 month 7days, what is the best investment that can give me good ROI in that short period
So please i ask for your advice
there are many ways to turn 3 btc into 4 btc in just 2 months but all methods are very risky. gambling is the most risky method but if you win in a high odd by chance, you will have 4 btc or even more in a very less time. btw, gambling is not recommended since you are taking risks with the money that doesnot belong to you. but you can still try it, if you can afford to repay even after loosing. other option can be trading with some altcoins. you can try ETC trading because it is very much in talk these days. btw, personally i think your friend is asking too much interest. if you really need a loan with low interest rates and have a valid collateral then you should ask for a loan in this forum and hopefully someone may help you. also why do you need this much money ? i am just curuous to know. you can do allot of things with the amount of 3 bitcoins becuase i know for sure that you dont need to make more coins becuase 3 can you do allot with one bitcoin already is upto the 600 dollar you know. Its a good amount to have but we cannot simply sell them at this stage as price is not too high at a moment but if we can manage to hold them longer then we can make good money from it in future. |
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63
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Economy / Speculation / Re: If bitcoin rose to $1M, what you do?
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on: October 12, 2016, 07:45:31 PM
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I don't think this will happen. 1million $ is so far. And bitcoin can't reach their so soon or easily. But if this happen, I will sold all my bitcoinn and keep relaxing in the rest of my life.
If that happens then majority of users will follow the same process as they will prefer to sell all their coins to fiat, as fiat can be used and invested anywhere, so it would be great to invest that money in real life. |
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64
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Other / Off-topic / Re: Earning a living with bitcoin?
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on: October 12, 2016, 07:43:18 PM
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Earning a living with the bitcoin would be possible but I think its also not as easy as people think, its not just investing and than wait for the profit.
To make a living you have to do multiple things and that also would cost you a lot of spare time if you ask me, so you should really offer some spare time you have over from you job or something.
If you want to earn a living with it then you have to earn it on daily basis from different ways as you need regular income to take care of your expenses and you cannot afford to simply hold them and wait for higher price to make money from it. |
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65
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Other / Off-topic / Re: How would you guys react if you guys lost 10, 000 bitcoin?
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on: October 12, 2016, 07:39:29 PM
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10k btc is insane amount to hold on to, if i had and lost it i would probably die because of heart attack.  Lol same here, even I would be having a same feeling if I would loose that high amount ever but I don't think that I will be holding that huge amount in future as my income from bitcoin is limited. |
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66
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Other / Off-topic / Re: Where u use bitcoins?
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on: October 12, 2016, 07:35:31 PM
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Hello,
Where do you use bitcoins? First i buy food, medicine, bills
I do not know where to use bitcoin yet. My country prevent its people to use bitcoin. They say that bitcoin is illegal, scam, etc so that nobody wants to use it. Therefore, you can not use bitcoin in my country for any purpose. If you cannot use them in your country then can you tell me what are you doing with your earnings from bitcoins? And I think you should stop wasting your time behind bitcoins as it of no use for you. |
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67
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Other / Off-topic / Re: What is your plan to get rich with Bitcoin?
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on: October 12, 2016, 07:31:25 PM
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I''m not having a real plan to get rich with the bitcoin but I would like to get some nice amounts with the bitcoin of course.
I think that I can make some good money with just holding right now.
It's just fine for now if you don't have a fixed plan to get rich with bitcoin. Just make sure you are accumulating coins at regular and fixed basis so that you can take advantage of every price increase that will happen in bitcoin. Yeah its better to keep on collecting as much as we can at a moment and leave everything on future, if everything goes fine then you will surely get rich with it. And even we doesn't reached becoming rich and we have continous bitcoin earnings, it's still a good achievement. Having decent money out of bitcoin earnings is a good reward for those hardwork and time we put in bitcoin earnings. We can become rich someday so save that for later. Focus on today because there is no shortcut to success. Exactly, there is no shortcut to success and if you choose shortcut to make money then in long run it will surely give you negative results so its better to go with honest efforts to earn it. |
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69
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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: October 11, 2016, 12:19:53 PM
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One thing you'll DEFINITELY need to full time on Bitcoin is your day job, so don't quit!
This gives quite a good idea about digital currency. Don't quit your day job until you have a proper business in Bitcoin Ecosystem. Indeed never ever quit your day job until you have a proper business with anything at all. I won't quit for bitcoin cause I know I am going to get in trouble with my bills and I won't be able to pay them from bitcoin. Yeah to get full time in bitcoin is recommended only if you are earning higher income in compare to your full time job but you also need to make sure that you that amount on regular basis. The thing is that there is no regular income here in crypto world, everything depends on your skills and knowledge on how to manage yourself in order to earn money, anyway this only for the real risk takers who loves to gamble their future and hoping that they will get good income so they can retire early. Yeah its a big risk to depend only on bitcoins for living as it may give you best income at this stage but what will you do if price falls in future or bitcoin simply disappears and at that point you will be having no income. |
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70
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Economy / Economics / Re: Spending Bitcoins
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on: October 11, 2016, 12:17:49 PM
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I usually spend my bitcoins at gambling sites and trading sites. The most one is at gambling sites, especially sports book like nitrogen and sportsbet.io. Because i'm a gambler addict.
Cool, so what is the ration of your profit and loss? Do you manage to make money from sports betting as everyone feels that its an risky way to make money as majority of times you will be loosing. I think he is not in profit because he mentioned that he is spending his bitcoin in a certain gambling sites, when you are making money in sports betting you called that sports investing and that is what I heard when professionals are promoting their picks in the internet. In gambling you may win once or twice but you cannot expect that you will be winning every time as that is simply impossible and I think its the worst place to put our hard earn coins as most of the times the results will be against us. |
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71
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Economy / Economics / Re: Best way for steady income
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on: October 11, 2016, 12:15:44 PM
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Best way for a steady income within bitcoin is difficult to answer I'd just say full time job but that's not with bitcoin obviously.
Most chance is probably trading or starting your own webdesign company for example.
Trading will give you good income if you have good knowledge of it, but we cannot expect steady income from it as if you take wrong decision then it will bring loss for you. |
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72
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Other / Off-topic / Re: What can i do with 3 Bitcoin?
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on: October 11, 2016, 12:13:10 PM
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I suggest that you hold on to them for some time because you can try to make some money with them in the near future if possible.
Do not spend them because it is not smart to be spending something that might be worth allot on the future.
I think the hold 3 bitcoin alone will not provide a great advantage to you, because the prices will not be increased 2-fold in a short time, depending when you grow it and not hold back, maybe you can make it more than 3 fold if you want to grow it I think bitcoin has a high potiential to get a high price in the next few years because bitcoin is getting famous right now so we cant say that it is not good but if we are talking about circulation in bitcoin then that is really a bad habit so you should use it not only hold. Yeah to see the higher price of bitcoin we need to circulate them in a market and if everyone will keep on holding their coins without spending then it will never help in taking price higher. |
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73
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Other / Off-topic / Re: du you spend coins on real life.
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on: October 11, 2016, 12:11:02 PM
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there are few cafes shops in the uk thats accepts coin and i somehow spend some have you your experience ? and how did you feel? when i was sending coin peoplein the cafe was looking at me and asked me about it truly i feelt like im .... hurraaaaaaaa
Well not yet, because there is no shops or places like that anywhere in my country that accepts bitcoin as a payment, but i would love to experience that once in my life and i wish that could be possible one day. Yes, I'm just like you, in my country, it's not allowed to circulate in the market, let alone as a payment method. However, I believe that the next few years should be able to bitcoin will get more and more national recognition. Getting recognition from the Government seems to be difficult but it will definitely get popular among the general public and I think we will see more users in future that will start using bitcoins. |
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74
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Other / Off-topic / Re: What are you doing with Bitcoin?
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on: October 11, 2016, 12:09:01 PM
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Are you investing your money on Bitcoin?
Do you use Bitcoin to buy things in internet?
You earn money with Bitcoin?
Just putting my money for invest ni bitcoin a little. I don't wanna using bitcoin for buying things on internet and causing by the limitation store is accept bitcoin today. I can earn but just become my side job, I can earn just a little not to much but all of that is for supporting my bitcoin. Now, I'm just a broken investment bitcoin, and I don't plan to spend it. I plan to hold a bitcoin for several decades, perhaps longer, and now I am looking for ways to get more bitcoin, in addition to spend money to buy. Holding them for decades doesn't sounds great as we don't know whether bitcoin will be alive after 10 years or not so I prefer to play with them in short term and I am much satisfied with small profits that I am making regularly. |
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75
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Other / Off-topic / Re: Have you ever lost Bitcoin?
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on: October 11, 2016, 12:07:00 PM
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Gambling and double sites had wrecked my life in the past, somehow now I am controlling myself to stay away from gambling as price is going higher now so I cannot afford to loose even a small amount of it.
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76
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Other / Off-topic / Re: What is your plan to get rich with Bitcoin?
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on: October 11, 2016, 12:05:19 PM
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I will mind becoming rich later when I finally reached my considered assets to be considered as rich.
What important is Im getting regular bitcoin earnings without any hiatus or break. That is much better before climbing on the top stage.
We cannot reach on the top overnight, to reach there its always good to go step by step and without thinking of future we need to concentrate in present, as if you put hard efforts now then future will surely bring good news for us. |
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77
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Other / Off-topic / Re: How much do you earn per day
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on: October 11, 2016, 12:03:12 PM
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Currently I am jobless and have very few amount of satoshis from here now doing searching some online work for some better income hope I will have in near future and then can earn over 0.01 per day which could be very good for me right now
0.01 is equal to 6$ and if somebody could earn that much it would be just perfect for him. but for earning that much you need to do hard work and get some good skills. I think it is very simple dream I hope you can get it. but I will tell you this. if you live in Europe you will find many people who earn at least 5 digits each month. Do not you want it, so work hard at any your job included in bitcoin That is for European, but for Asians, it is hard to earn 5 digits per month unless you are on the top of the company. And it is hard to get to the top. But of course, nothing is impossible if you do hard work. You can compare standard of living in developing countries and developed countries, if you are earning $600 per month in my country you will be considered a big man and confortable to meet your primary and secondary needs Yeah agree! If your minimum wage is $600 then here in our country is that is our salary with in a year. So that amount of money here in our country is really big enough thats the problem with the less develop country not like yours that it is advance. Yeah you can easily earn a good living with $600 especially in third world countries as even if you have a full time, your salary would be less then $600 for sure. |
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78
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Economy / Economics / Re: Is gold better than Bitcoin?
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on: October 11, 2016, 12:00:40 PM
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Gold and bitcoin is the same. The value will go up when the USD goes down. It's as simple as that.
They are quite the same in the way that both can be used as a currency tool, store of value, having a part of your money outside the banking system, and the list goes on. But Bitcoin has the advantage of having a limited supply, and that it's entirely a digital tool. You can have a wallet backup file with billions worth of coins in an USB drive or a paper wallet, where with gold you can't have all that in your house. since both of them are useful at there place . but in my opinion gold is better for security to save . because in bitcoin if any data erase did then what will happen with your money . some.time during updating the wallet many people found btc are not in wallet . so they need backup . now question is arise now!! what happened when you have no backup . totally loss of your savings . overall both of them are good in my opinion . If you are a long term investor then both are the best as an investment, no doubt gold is much safer and secure in compare to bitcoins but bitcoins has great ability to give higher profits. Agree gold is better than bitcoin because of its price and it is really recognize by all people and also unlike bitcoin it is really unstable price so it is very risky so if you do have a money to invest go for gold i know you can earn a pretty decent amount of profit by it. Everyone cannot afford to invest in gold as it requires descent capital but in bitcoin you can start even with a small amount and the other best thing is that you can also earn it in multiple ways. |
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79
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Economy / Economics / Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
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on: October 09, 2016, 09:18:19 AM
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Unfortunately it will take much longer than the year 2022 for everyone to use bitcoin. I think it is still seen as a novelty by many and a scam/ponzi by some that don't understand it. It's going to take a long time for most people to catch on.
I think even up to 100 years to come even if bitcoin will not be able to get the user up to all of humanity. Sure there are some people who will not use bitcoin Yeah I think so too 100years is aint enough. So how come 2022 is the year that almost everyone will use bitcoin in that short period of time. There were always be a hater of one thing and that matter wont lose in one thing or even a person. Agreed and it will be never easy for bitcoin to gain trust from each and everyone in this short duration as still majority of population is not familiar to bitcoins and it will take long time for it to get widely used and accepted. |
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80
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Economy / Economics / Re: The future of the paper money
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on: October 09, 2016, 09:15:57 AM
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Paper money will be still there in the future but it will loose considerable amount of people using it.It is supported by the governments. Even when paper currency value falls down, government would change their policies to make its price stable.
Yes very important to us that paper money coz we use it everyday in our daily living. And paper money can not lost it coz we need that. Is there going to be a need for a separate machine when the paper money is gone? Everyone needs more paper money. They will be used for a long time. There are many situations in which you can pay only paper money. And the state does not allow as easy to remove them yes and the reason is that bitcoin is still not so much popular as it is still a new crypto currency and still not a good number of people are using it, therefore bitcoin is not a threat to paper money in near future. There is no such thing can replace paper money and correct bitcoin is not a threat in the centralized currency even bitcoin would be more popular it would only alternative currency we can used specially in online transaction. Bitcoin is a threat but not a big threat, bitcoin is a very small currency compared to the paper money that we are using now, although we are going to the digital world but the government does not eradicate paper money because they know there are people who cannot adopt the digital world. And the fact is Government will never support bitcoin and allow it to get on the mainstream and replace its national currency and even people will prefer to use bitcoin only as a secondary currency. |
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