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881
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Bitcoin / Bitcoin Discussion / Re: What's stopping people from using bitcoin?
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on: May 08, 2016, 06:43:45 AM
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I think majority of people are not aware about bitcoin yet, and if they don't know then we cannot expect that they will start using it.
Exactly, lack of knowledge is a big issue here, as many people have not even heard about bitcoin so its difficult to expect that they will start using it. |
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884
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Other / Off-topic / Re: 2017 Year of the Bitcoin
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on: May 08, 2016, 06:24:45 AM
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How so? I've heard the same multiple times for both 2015 and 2016.
you are right i also heard the same multiple times for both 2015 and 2016. 2017 should be said year of the Bitcoin. This happens because of halving by 2016 will have an impact in 2017. It is true that we have heard the same in 2015 also, but for 2016 I will say that it is not passed completely now currently we have not reached even the mid of 2016, so there is hope with halving that 2016 will be the year of bitcoin success and 2017 will also be best for it. If halving shows us best price then we can expect that next year would be better in compare to this year, so now totally depends on the price at halving. |
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885
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Economy / Speculation / Re: 2016 Bitcoin Predictions
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on: May 07, 2016, 03:33:22 PM
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I think we will see the price of bitcoin around $500 at the time of halving and around $600 by the end of the year, anything above it seems to be impossible.
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887
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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: May 07, 2016, 03:29:37 PM
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Are you inspired by those bitcoin millionaires? Are you thinking of filing a resignation letter on your day job (if you have any) and focus on bitcoin instead?
Me? I do have a day job and I consider bitcoin as my side job. I don't want to lose that another source of income just because bitcoin is awesome.
Same like your answer to your self question. But i surely will quit from my jobs if and only if there's great project that can make me to get income (at least same like the last last i do). No matter how long time till i can make it to be true but surely will always around to get that opportunity. better try to get great results. compared to fixed income, but the results are very small. examples like, in real job you get $200/month. but in bitcoin you can get greater results like, $200/weeks or $1000/ two month. That is quit a decent amount of money you can earn in bitcoins, but the question is how can you earn up to $1000 for two month, if you care to share then we would be happy here, and I hope that is not a risky job cause if it is I would still stick with my day job for security reasons. If you want to earn more then try to spend more time online on bitcoin and keep your job intact, this will give you income from both the ends which will add value to your wealth. That is also correct if we have time for doing work at both, our day job and online earning with bitcoin, then we have to do these both works that will make us rich and so we will have more money for our needs. Yes it also depends on the timing of our day and our job, if we find some time out of our one job then we should have to do the other job also with that we will get more income and so we will be able to complete all of our needs. Yes and if you are capable of doing both the things together then it will earn you good amount of money, but do not rely only on bitcoin as it can be risky in future. |
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888
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Economy / Economics / Re: Sell Everything?
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on: May 07, 2016, 03:26:59 PM
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Selling everything is not the best thing that you do but maybe it will be more worth in the future if the value is going be higher but you must wait a long time until it will be more worth.
But if you want to make profit with Bitcoin around this time you have to trade maybe or gambling but that can takes a long time and also risky.
So they best thing is that you must have some patience for it and wait for a higher value to sell it.
The best way to do is just sell a little amount of it just to get back your investment with some profits but never sell all of it unless you want to leave this crypto life for good. If you are holding a considerable numbers of bitcoins the value of that in the next 5 to 10 years might be double or multiplied by 10 if you are lucky but the trend will never go down. Well you are right. If you aren't need money by turn your bitcoin into fiat, better don't sell all your coins. better wait until the price of bitcoin have a good price, then you can sell it. Selling all your coins is never recommended as you always need to hold some for future as we don't know what will be the price of bitcoin in future. I think it's not a problem. we can buy more when the price has dropped? you know bitcoin prices do not always go up right? so there is time to get off. nah we can take advantage of it. if the price rises high why do not you take advantage of sell everything? after all, you can buy more when prices fall?  Yeah its always good to follow this strategy, buy low and sell high and if price is giving you higher profits then you should not hesitate in selling everything. |
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889
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Economy / Economics / Re: When do you buy Bitcoin ?
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on: May 07, 2016, 03:24:30 PM
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The best moment to buy Bitcoin is that you have to know the right moment to buy it and that is of course hard to know because you never know what will happen and that is bad.
But investing is not that important the most important is that you have to choose the right moment to sell it.
I think every moment is the best moment to buy bitcoin as price is not too high at a moment and if we buy now then it will benefit us at the time of halving. That's true, while the price of bitcoin is not at its peak way back years ago, it is expected to rise in value for the coming years of even months, so if you have an extra amount then you must buy today for you to gain more profit in the future. Buying now will surely add some value to your profits in coming months, people are buying only because of the halving that we have in 3 months. I think for the price no higher than $500 its was enough or the right time to buy. because I think halving could bring bitcoin prices higher than $500. so it will remain profitable if you buy bitcoin at a price below $500 I think everyone also expect prices will rise more than $ 500 after halving even may be more than $600 Yeah buying anything below $500 is good to buy as price will be above $500 in coming months so if you buy now then you surely make some profits in future. The entire community is buying at a moment as everyone feels that this is not too high price and it will rise in future which can benefit them in the best possible way. |
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890
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Economy / Economics / Re: Is it better to save money or invest it?
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on: May 07, 2016, 03:20:49 PM
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I feel better for the moment to multiply the money we have to invest all bitcoin we have. but, if you can not wait, maybe you'd better save bitcoin to prepare when halving occurs
i don't think the upcoming block halving will have that much of an impact as we have seen the price increase quite a bit last 6 months. i have the feeling that we have around 25% of potential profit that we can gain this year. better invest now before it's too late. Yeah this is the best time to buy I guess as price is expected to go higher at the time of halving so investing in bitcoin is the best thing to do. |
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891
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Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin
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on: May 07, 2016, 03:13:34 PM
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The future of bitcoin will depend on the price of bitcoin at the time of halving, if price goes higher then we will see many new investors entering into the world of bitcoin.
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893
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Other / Off-topic / Re: How many btc do you have?
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on: May 07, 2016, 03:03:53 PM
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I am own now 1.7btc and i am still waiting for halving cause i belive that i can make good money on it, maybe i am gonna but 1btc more, to be more prepared for halving
That's a lot of btc I guess, that's better to save it for the upcoming halving. Just believe that your money will get income after that halving. Just be positive because a lot of rumors that halving will really give a positive output. I think 1.7 bitcoin is still lacking to make you can feel good salary of bitcoin, maybe you should add more. but I am currently still discount 0.5 BTC in my wallet, well, I hope it adds up quickly before halving occurs Good to know that you are saving bitcoins for halving. I am having less then 2 BTC and i think i should quickly gather more. Everyone is saving at a moment, as everyone is hoping higher price at the time of halving so save bitcoin as much as possible now. Yeah everyone are saving their bitcoin just like other. you are lucky that you all have large amount of bitcoin not like me.. i have just few bitcoin and looking for other source if where can i get more bitcoins so that i can get more profit once block halving is done.. Yeah try to earn as much as you can now so that you can hold good number of coins at the time of halving which will result in higher profits. |
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894
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Bitcoin / Bitcoin Discussion / Re: Why Banks Hates Bitcoin?
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on: May 07, 2016, 02:57:43 PM
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I do not think banks hate Bitcoin. They will surely find a way to become big holders if it goes mainstream, and to be in control of money, as they have always been.
Agree with you. As we all know that banks are always finding a way to get profit, and maybe they treat bitcoin as a competitor. We don't really know what they'll do, i can only guess they will just adapt to it or the blockchain technology maybe. Banks knows the value of blockchain technology and they might adapt it in future and they also know that are gonna face tough competition from bitcoin in future. |
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895
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Economy / Speculation / Re: 2016 will be a boring year for bitcoin
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on: May 05, 2016, 06:30:55 PM
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A quarter of the year has gone by and we already had one fake Satoshi revelation. Only mildly boring so far I'd say.
I would say it is boring so far, as all we talk about in here is the halving hype. That means not much is going on in terms of development, sadly. But 2016 is far from being over... boredom may be lost when the bitcoin prices will rise, and perhaps if there halving all bitcoin users who have stopped using it even might be back again looking for bitcoin, and this will be a great year and not boring Yeah this year will be the best year for bitcoin as halving is in few months which will show us some best price of bitcoin, so I think comparatively it will be good year for bitcoin. |
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896
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Other / Off-topic / Re: Do you actively spend your bitcoins?
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on: May 05, 2016, 06:27:15 PM
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Around this time it would be not the best thing that you can do with Bitcoin because there are still people that is holding Bitcoin because the value is not even that high now.
But it can be more worth soon in the future because people are getting also be more patience so that is nice.
Yes, but if you are making money in the form of bitcoin it is not bad for spending some of your money for better circulation of bitcoin. Yeah if you really want to make a profit just use your bitcoin to increase the amount of your bitcoin so that you can make more bitcoins and more profit in the future.. i just spend my bitcoin to use in any affiliate marketing and buy some altcoin in marketplaces and sell them once the price of altcoin is high to make more bitcoins.. if you are just holding you are doing nothing.. Spending bitcoins actively will take its price to a higher level in future, only holding will diminish its price in long run, and if you are earning it you should also spend it. |
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897
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Economy / Economics / Re: Does the Price of Bitcoin Matter?
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on: May 05, 2016, 06:24:55 PM
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Price of bitcoin really matters to me
For me it is not that matter if I want to talk about my interest in bitcoin however for selling bitcoin it may be a bit important factor. Of course we will sell only if the price is higher and that is important all of us and that is the reason the price of bitcoin really matters. |
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898
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Economy / Economics / Re: Bitcoin can not replace fiat
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on: May 05, 2016, 06:16:55 PM
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More importantly, why such make a desire to have fiat be replaced by bitcoin?
Do you know some major effects in one country's economy if that will happened?
Yes and that is exactly why I do not think governments let bitcoin to replace national currencies. Yes Governments don't want to loose their control on money, if they allow bitcoin then they will surely loose control and it will also end up their corrupted activities. |
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899
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Economy / Economics / Re: The future of the paper money
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on: May 05, 2016, 06:10:56 PM
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The future of paper money is as promising as it has been till date as the users of paper money are huge and they will continue to use it even bitcoin gets on mainstream.
For that bitcoin should get accept worldwide as payment gateway, Paper money is now largely used. And that will not change later. I also know that Bitcoin will be more used now in the future. But many people need also their paper money, because some people dont even know what Bitcoin do, so first we must promote Bitcoin. Yeah that is the major issue that not many people knows what bitcoin is and how to use it and that is the reason they prefer to use paper money which is easy to spend. |
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900
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Other / Off-topic / Re: Are you buying bitcoins? Why?
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on: May 05, 2016, 06:05:44 PM
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Spending a little money with bitcoin can do a lot of things but it is up to him if he really wants to buy bitcoin or not, but it could really help a lot if he buys bitcoin because it can really saves him a lot of money.
Buying at a moment is the best thing to do, price is still good and affordable to buy and halving is on the way which will take bitcoin to much higher level. |
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