|
761
|
Economy / Economics / Re: Where did you first heard about Bitcoins?
|
on: May 26, 2016, 02:37:31 PM
|
The first time i heard about Bitcion was from my uncle he taught me everything about Bitcoin that i know today. This one time I was staying over at his house and he was busy on his pc so I was also looking and that is where it started.
Its really good that your family members are aware about bitcoin and they introduced you to it, as in my family on one in interested in using bitcoin. |
|
|
|
|
762
|
Economy / Economics / Re: Is it better to save money or invest it?
|
on: May 26, 2016, 02:34:09 PM
|
I prefer to have some money saved in a fixed savings account or fixed mutual fund but also invest in more aggressive things like Bitcoin, stocks, etc.
Saving is good but it will not give you the best returns that investment can give you in future, investing money is always good in long run. |
|
|
|
|
763
|
Other / Off-topic / Re: What do you like trading or gambling?
|
on: May 26, 2016, 02:30:36 PM
|
What do you like trading or gambling?BTC
Two - three years before i have been more trading, but it takes a lot of time and attention to earn any significant amount, and of course a lot of luck  In last time I use Bitcoin more for gambling, but mostly for shopping. Its always good to try your luck on gambling sometimes as we never what outcome can be, if you are lucky then you might hit the jackpot too, but that would be in rare scenario. |
|
|
|
|
764
|
Economy / Speculation / Re: If bitcoin dropped to $1, what you do?
|
on: May 26, 2016, 02:28:17 PM
|
Exactly what the title says.
If bitcoin dropped to the price of a dollar (which we hope it never will), what would you do? Buy more and hold, sell? Buy a promising altcoin like ETH?
I personally would buy more bitcoin.
If the Bitcoin price was that low I would search why it is so low because something muss be wrong if the price is 1 Dollar. If it is legit and I know that the price is going to rise again then I would buy allot of coins. You will never see that low price of bitcoin in future, so just concentrate on present price and try to decide when to buy and when to sell. |
|
|
|
|
765
|
Bitcoin / Bitcoin Discussion / Re: How to teach someone about Bitcoin
|
on: May 26, 2016, 02:24:15 PM
|
A good way for someone to learn is ways to obtain bitcoin; beginning with faucets, then as he realises that it’s a slow method of obtaining it; new ways are open to them like mining and signature campaigns. Making and developing that interest and eventually being resulted in investing in Bitcoin. This is the best way to teach someone about the bitcoins.
That is a good way to start, but they won't be interested in mining at initial stage and it may complicate the things, but yes signature campaign will give helping hands to the beginners. This will not work if the person has a good job and earning well. They will just be wasting time on faucet or signature campaigns. Better introduce them to bitcoin gambling where they can fund their account anonymously and without hassles. This will surely make them interested to bitcoin. Then introduce them to the other facets of bitcoin. Are you crazy? We want them to earn bitcoin and you are showing them to loose their money in primary stage by showing them the way of gambling, its really weird. |
|
|
|
|
766
|
Economy / Speculation / Re: I AM HODLING
|
on: May 25, 2016, 11:33:53 AM
|
I am also holding for the future in the hope that the price is going to be higher then we have ever seen. I am then going to sell all my coins at once and then I am just going to stop with Bitcoin forever.
It's your choice of course if you want to quit Bitcoin at some point in the future when the price reached a very high price point but you can always use Bitcoin as currency or simply as store of wealth if you don't want to invest anymore. And I'm quite sure that by that time you will think completely different about selling all your coins at once and stopping with Bitcoin completely. Not many people have managed to quit as they nearly always come back. Once you start using bitcoin its really difficult to get rid of it, and I am sure no one can quit it so easily, and pretty sure that no one will sell all their coins at once, will save some hoping for best price in future. |
|
|
|
|
767
|
Economy / Speculation / Re: Can bitcoin rise up to 800$ this year ?
|
on: May 25, 2016, 11:30:54 AM
|
No that will not happen I think and that is because it needs time to rise and as you can see now you see also that the value is rising slowly so it will maybe in the end of the year reach the $500 I think.
And maybe we can make profit in the end of the next year so we need to wait a longer time but patience is important.
I believe we will get to see the price reach $500 slightly before the block halving and after that the price will jump below and above that price point for the rest of the year. Yes very true and I am confident for this year or next year bitcoin will reach the price of $ 800. Because now bitcoin was highly developed and that I believe affects the price of bitcoin itself. Looking at the price stability at this stage I don't think bitcoin will go high that much in this year, even halving can take it maximum to $600, not more then that. |
|
|
|
|
768
|
Economy / Economics / Re: Why You Should Never Sell Your Bitcoins Ever
|
on: May 25, 2016, 11:28:15 AM
|
Now I keep my Bitcoins that I already made. First cause of I made few. And second is that I am hoping that bitcoin will rise soon.
Hold for next couple of months and sell when you see higher price at the time of halving, as never selling your coins will not serve the purpose in long run. Holding your Bitcoin will be now the best thing that you can do and that is because you also see that the value of the Bitcoin is not even that high so it takes a longer time to have some profit. But you also never know what will happen with the value but the most are hoping that it will be more worth soon. People have high hopes from halving and that is the reason they are busy in buying it, but there is no assurance that price will rise at halving, but its good to hold till then. |
|
|
|
|
769
|
Economy / Economics / Re: I have 12 BTC in my Account, How should I invest this??
|
on: May 25, 2016, 11:26:21 AM
|
It may sound very boring to some people but I will always prefer to hodl my coins instead of investing in anything.
If you hodl your coins long enough you will see your coins go up in value which is the best possible investment option as it has the lowest risks.
Holding is the easiest and safest way to grow your coins in future, of course we don't know what will be the price in future, but looking at the present growth of bitcoin it is expected that it will be higher. |
|
|
|
|
770
|
Other / Off-topic / Re: Do you actively spend your bitcoins?
|
on: May 25, 2016, 11:24:15 AM
|
I have spend some of my coins in some gambling sites buy i try to avoid it as much as possible because Bitcoins are worth allot of money and can even be worth more in the future. So I suggest that you do not spend to many.
We all know that bitcoin will be too valuable in the future but sometimes consequences force us to use it or convert it to fiat. Just like now, I need money to buy important things so I have to convert some to fiat in order to buy it. I am trying not to spend it and hold but I cannot help it. If you are in need of money in emergencies then you should convert it to fiat without any doubts, I mean what is the use of that money if its not helping us when we need it. |
|
|
|
|
771
|
Economy / Economics / Re: How many Bitcoin do you have saved?
|
on: May 25, 2016, 11:22:22 AM
|
I saved around the 6 bitcoins for the future of this year, I'm holding them now and look at the end of this year if I'm gonna sell them.
The halving will maybe good but this is not to predict honestly.
6 bitcoins is already a big money for me cause i have only 0.5 , got them almost 1 and half year on bitcoin world and im still collecting to make it 1 btc There are 800,000 forum members in the BitcoinTalk. If 10% of them is active and everybody own 10 bitcoin, that is 800,000 bitcoins. The majority of the people already struggle with accumulating .5-1BTC as that alone have cost them a lot time to save up, so I'm not really sure how you come up with 10BTC. it's most likely some one with too much time making himself happy with thinking that so many people own a fairly large amount at these prices. the higher the price goes, the less people are able to collect and earn. 1btc is a more than decent amount for the average bitcoiner. Yeah and I am sure majority of normal users would be holding less then 1 btc in their wallet, as they are not full timers on bitcoin, but whatsoever amount they would be hold, they will be really satisfied with it. |
|
|
|
|
772
|
Bitcoin / Bitcoin Discussion / Re: BITCOIN IS STILL FAMOUS
|
on: May 25, 2016, 11:18:40 AM
|
Yes, bitcoin this year is getting famous and more famous just because of this halving time period many bitcoin users tend to earn profit from their amount holdings on wallet . Also these matter are shared especially those who use banks to save money .these also makes bitcoin more famous when in terms of savings.
And Many has been eagerly buying bitcoin now and then so they can earn lots and lots when halving occurs, but how sure are all of you that the impending halving with double or triple the bitcoin value? what if it will deplete it's value? what would each and every one will do? You cannot expect double or triple value at halving, that is impossible to achieve on such a short time and if price drops at halving then people should have patience and should hold until it doesn't reaches the higher value. |
|
|
|
|
774
|
Other / Off-topic / Re: Bank or Bitcoin Wallet?
|
on: May 25, 2016, 11:14:33 AM
|
If i have much money and for long term i pick Bank, because you can get profit and passive income from the interest. in the other hand, bitcoin wallet can provide this.
If you have huge amount of cash money then bank is the best option as it will also give you higher interests, bitcoin is good as if you save it can grow in future if price goes higher. |
|
|
|
|
775
|
Economy / Speculation / Re: I AM HODLING
|
on: May 24, 2016, 06:28:56 PM
|
There are a lot of people with a smart mind that is holding now and that is because they are a lot of people that is waiting for a nice value and that they can sell it later with profit.
But the bad thing only is that it can takes a long time until the value will be more worth and that is really bad.
If you want to make good profits then you have to hold, there is no other option left for you, as it is expected that price will go higher in future so hold it till then. I think to make a good profit does not have to hold. but ok, if you have a great amount, hold is a good way to make a profit in the upcoming future. but if you do not have a great amount, it is better not hold for a long time. I think the other way, if you have less amount then you should hold it for a long time as if it reaches to $10k in future you can make good profits even with small amount, but if you have higher amount then try to trade and even small fluctuations can give you good profits. |
|
|
|
|
776
|
Economy / Speculation / Re: 2016 will be a boring year for bitcoin
|
on: May 24, 2016, 06:25:20 PM
|
if prices will hold steady bitcoin like this, I think 2016 is really going to be a boring year. I just hope bitcoin prices exceeded $ 400 dollars and rose high in this ear, it might change everything
So far it has been boring year for bitcoin, as price remained stable for a long time and people really hated it but may be halving can change the scenario and better half could be the best. |
|
|
|
|
777
|
Economy / Economics / Re: Why You Should Never Sell Your Bitcoins Ever
|
on: May 24, 2016, 06:19:16 PM
|
bitcoin prices are now slightly down, better keep bitcoin we have, do not panic. This is only temporary, and bitcoin prices will certainly rise again, trust me and do not sell your coins
If you plan to hold for a longer period of time you shouldn't bother about short term happenings. Right now there are shills who try really hard to get your bitcoins.They use several schemes and tactics to make you feel uncertain and try to scare you wherever they can. Therefore inform, educate yourself as good as you can and don't fall for what others are saying or doing.In the end it's all about money.And where money is involved many people have their own interests. You should indeed not to sell your Bitcoin if the value of the Bitcoin is low and tha tis because you can better wait for a longer time until the value will be more worth. But of course it is really hard to predict what the value will be and that is the problem. So there is a chance that it can takes a long time. Its very simple for me, if I see better price then at price I bought, then I would not hesitate in selling part of it and again wait for price drops. Now we should not have to think and wait for the price to drop down again, we have to work for the development of this currency and have to support it so that this currency become a global currency, and the other thing is that we should not have to sell our coins and have to use it currency for our normal use, with that this currency will establish and will get success. If everyone will just keep on holding and never sell their coins then how can you expect that its price will be higher and it can become a global currency, circulation of coins is important to take it to higher level. |
|
|
|
|
778
|
Other / Off-topic / Re: Will you quit your day job to go full time on bitcoin?
|
on: May 24, 2016, 06:15:44 PM
|
Yes,if I start earning a regular income 5-6 btc per month I won't mind quitting my job to go full time on bitcoin, this way I will be working in field on my dream and get a good income for living.
Me either, if I'm earning 5-6 btc / month I will stick to it. And if there are offers but with small, I will also try to grab it but my most priority. Would be the job that pays me most. 5-6 BTC it very much, if I managed to generate a bitcoin that much in one month, maybe I will leave in a few years and build a business, but I would not quit my job because I really love my job Even if you are able to manage to earn 1 or 2 btc in a month in your extra time that is well enough for you as an extra income and for that you really don't need to quit your job. |
|
|
|
|
779
|
Economy / Economics / Re: How to make 17 BTC out of 7 BTC ?
|
on: May 24, 2016, 06:12:00 PM
|
17btc out of 7btc. There is a big difference between the investment we have and the requirement. The better hope is to make a proper scheduled investment by splitting the 7btc's. A small part can also be tried with gambling.
you're right, it is a very big difference. in addition to the investment, the best thing to change 7 BTC becomes more is to use it for trade, maybe it will make you have an excellent opportunity to change Even I put my vote on trading as I think that is the best way to increase your coins, and far better then gambling option where you can loose everything. |
|
|
|
|
780
|
Economy / Economics / Re: Do You Think Bitcoin Will Replace Dollar Soon?
|
on: May 24, 2016, 06:08:30 PM
|
this is depending about bitcoin user, suporter and investor.
if all people in the world using bitcoin as payment, im sure bitcoin can replace dollar.
That day will never come, its impossible for bitcoin to replace dollar ever in future, dollar is most popular currency worldwide used and accepted every, and it will hold its power in future too. |
|
|
|
|
Show Posts
