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921
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Bitcoin / Bitcoin Discussion / Re: What to do with 1,5 BTC?
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on: May 03, 2016, 06:32:32 PM
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Well, if I have 1.5 BTC at this time, maybe I'll build a business in the real world, may sell clothes or accessories, and that certainly it could make me a profit  Will 1.5 btc would be enough to start a business? I mean if its possible then its a great idea to invest your bitcoins as you can expect regular income from it and if bitcoin disappears in future then this income will help you in long run. Yeah it will help not only in long run. bitcoin will never disappear in the future.. bitcoin has a good future and i think we will see that more store will accept bitcoin as payment.. do you hear brazil they have 150 store accepting bitcoin. Yeah but scenario is not same across the globe and it will take long time for other countries to follow the footprints of Brazil, as there are still many countries who have never heard about the bitcoins yet. |
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922
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Economy / Speculation / Re: is it time to sell?
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on: April 25, 2016, 07:51:14 AM
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If you bought coins last summer when the price was 200$ then the answer is yes.
You made profit more than %100 and you can safely sell all.
If you bought after 400$, then don't bother. wait for 600$ at least.
Solid holders even keep holding their coins even while they have bought far below $300 last year. It requires you to have very strong hands in order to not secure profits at this point. If it's a smart thing to wait with securing profits in this case is another thing. Only time will tell. well, if you have bought below $300 or like me at $190-$220 range, then there is no reason to sell right now. there is a long way to go from here and a lot of profit waiting. so unless you don't need the money there is no reason for selling bitcoin at this point. Exactly, I bought last year when the price was around $250 and I am still holding, I sell only a small part if I need money in case of any emergency, profits will be higher if we sell at halving. |
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923
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Economy / Speculation / Re: Bitcoin in 2020
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on: April 25, 2016, 07:48:36 AM
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The people that is already using Bitcoin have a high expectation of the currency and that is because they want the value high.
but you never know what will happen with the value and that is the problem.
Yeah expectations will be more while using bitcoin as all need a continuous price rise, I think by 2020 more people gets aware about bitcoin and join this forum, my suggestion is that it will be more popular than now. Its popularity will depend on what value it holds in the year 2020, if the value falls back then we will see decline in the users, but if the price is higher then majority of people would be using it. |
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924
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Economy / Economics / Re: Is it better to save money or invest it?
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on: April 25, 2016, 07:45:49 AM
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if you choose an investment then you can increase the amount of your bitcoin. and if you just keep the bitcoin then you will not be able to increase the amount of money you have. choose according to your wishes and capabilities. if given the choice I would invest all the money I had.
Investing money in bitcoin right now is the best thing to do as you can earn best returns by selling at the time of halving, so I am investing my money in bitcoin now. With saving money you are not earning money and that is the only bad thing with saving money, so if you want to make money you have to make an investment. And it is not that bad now to make an investment because the value is not high now so your chance is higher that you can earn more profit later in the future. We don't need to earn money while saving in bitcoin, as the value will grow in future, you can consider it as an interest that is paid on saving bitcoin for that period. |
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925
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Economy / Economics / Re: Bitcoin replaces the money? Could happen?
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on: April 25, 2016, 07:43:38 AM
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No this is not going to happen, there are just to many countries involved that have there own currency and money. Bitcoin is never going to replace all that, something are just to much to handle.
People who are spending time online on regular basis will use only bitcoin, but those who don't have any relation with internet will prefer to use fiat currency. |
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926
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Economy / Economics / Re: Is it a good long term investment to buy 1 BTC today?
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on: April 25, 2016, 07:41:25 AM
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Although the price is a little bit high now it would make sense a bitcoin if you plan to keep it for a few more years.
I do see the price reaching an all time high in 3/4 years.
Yeah if you have patience then you can hold for more years, but I will choose to buy now and sell at the time of halving as I cannot wait too long to earn profits. It's really risky wating for years when we all know that bitcoin is unstable, much better to invest before halving i am agree with you. At my opinion for long term investment bitcoin is not so good. Bitcoin could very well be a good long term investment, if you stay the course and not get impatient. Imagine if you had bought at the time when the price was still at $12. Look where it is at now. And that only took a few years to reach where it is now. If I have more to spare, I'd not only buy one today, I'd accumulate more. If you want to make big profits then you should have faith plus patience, and if you can afford to wait for next five years, then you will earn rich profits for sure. |
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927
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Economy / Economics / Re: I'm not gonna sell any coin.
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on: April 25, 2016, 07:38:39 AM
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Yeah I am also not going to sell any of my Bitcoins. I am waiting for what the future is going to bring us that is way I am holding on to my coins. Sometimes I sell some coins to make some quick money, but I still save most of them.
Saving for next couple of months could be the best for all of us, as we are seeing good upward movement in bitcoin price at a moment, so holding would be more profitable. |
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928
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Economy / Speculation / Re: If bitcoin dropped to $1, what you do?
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on: April 25, 2016, 07:32:49 AM
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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 would drop to $1 I would be speechless for a moment. I would not buy Without checking why the Bitcoin has dropped to $1. If there was a legit reason and I could still make money with Bitcoin I would buy many coins. Yeah and I think we will never see that day in our lives when bitcoin will fall to $1, people who have faith in its potential will still buy, but those who don't have trust will surely leave bitcoin. |
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929
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Bitcoin / Bitcoin Discussion / Re: Why I use Bitcoin ???
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on: April 25, 2016, 07:30:26 AM
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Bitcoin VS Fiat:It is not controlled by the government. It is controlled by the public. It is a new technology. As someone who like technology, I shall support it. Bitcoin VS Payment Processor (Paypal, Payza etc):It is not controlled by a company. It is controlled by the public. It does not have an restriction such as age limit. Bitcoin VS other cryptocurrencies:It is the most used cryptocurrency. It is used by a lot of people. It is the first cryptocurrency. And most importantly, it is still the 'king' (or queen) in the crypto world.  . Great Explanation!! Bitcoin is surely the king in the crypto word and becoming more an more powerful and popular day by day, Everyone likes it becuase bitcoin offers multiple benefits to its users. |
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930
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Bitcoin / Bitcoin Discussion / Re: People hate Bitcoins?
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on: April 25, 2016, 07:26:31 AM
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Who can hate money? This is absurd!
People maybe don't like idea or how this idea is realized but nobody hate BTC.
Other are malicious stories made by those who pretends they hate..
No one hates free money that's for sure but a lot of Bitcoin users got burnt by Mt.Gox and Cryptsy and lost a lot of money for what seemed to be inside jobs so I guess some people may be holding a grudge not against Bitcoin but against the Bitcoin scammers using Bitcoin to profit from others by stealing their hard-earned money without punishment. Bitcoin has turned into an easy go-to place for earning a quick buck by fleecing honest people this needs to stop now. That's true, People who have gone through losses in the past holds negative attitude towards bitcoin, and now it will take time for them to re build their trust. |
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931
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Economy / Speculation / Re: BUY or SELL bitcoins ? What you prefer ?
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on: April 24, 2016, 02:59:52 PM
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I had to choose both. Why? because the buy and sell bitcoin then we can benefit. if only to sell or buy a bitcoin course we can not make a profit. it is my opinion and I would appreciate any opinion other people here.
it means, whether at this time you prefer buy or sell? because at this time the price had reached $450. I myself have to buy and hold to wait for it continues to increase to $500 Majority of people are buying at a moment, as price will move up at the time of halving and everyone can earn higher profits by selling at that time. |
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932
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Economy / Speculation / Re: When to hit $10,000?
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on: April 24, 2016, 02:57:29 PM
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It will not reach the $10,000 soon because the value is not rising now around this time and that is because the value keeps a long time stable and many people are not happy with it.
Maybe it will reach that value around some 10 years or something and you need of course some patience for it.
Even after years I don't think that bitcoin reaches 10,000$. If it happens bitcoin will get the attention of most of the government which is not good for bitcoin's long time survival. Bitcoin will survive for a long time either it gets support from the government or not but achieving that value is impossible in near future. |
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933
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Economy / Speculation / Re: bitcoin continuous rising?
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on: April 24, 2016, 02:52:19 PM
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Bitcoin will continuesly rise up cause of coming bitcoin halving,
how about when the bitcoin halving started i think the price will rise fast
Price will become better and better when we get closer to halving, not sure what would be the exact price but it will be higher for sure. |
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934
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Economy / Economics / Re: Is it better to save money or invest it?
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on: April 24, 2016, 02:50:33 PM
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Saving money at bank is a bad idea due to the inflation.
Either invest in bitcoin or for example a company.
Yes if you are talking about fiat and cash, saving the money at bank couldn't being a good idea. But if you can convert it into bitcoins and hold it till the next halving at least that's could being profitable. That's good banks are providing only 8% to 10% yearly and there are many difficult but If you are investing your money in bitcoin then it will give you more than profit soon because its price is always going down or rising up than time you can buy and sell. It is already too high if the bank is giving 8% interest. I think it is only 1.25 % in our country. That is too low compared to what you can get if you invest in bitcoin. Or just make bitcoin as your savings account and hold it. Saving money in bitcoin is always better in compare to saving in banks, as the interest rates are too low and in future it will hold no value due to higher inflation rate. Yeah saving bitcoin is better, try to save as much because it gives big profit at the time of halving or the days of gradual rise. Investing gives periodical earning as interest for invested bitcoin. Yeah saving bitcoin for now is excelent idea but i think it is to early to save all and wait for miracle. Because it is early before halving comes try to invest your money in tradings by that you can multiply your money easily im short time proper monitoring is a must and also you can invest your monry in short term hyip. Invest on new site and if you earn dont turn back and invest again and look for another new one. simply holding your coins in your wallet is the best possible method for people that don't have the trading skills to make profit. they shouldn't even bother to use their coins for trading purposes as they will surely end up with losses. holding is easy and risk free as you don't have to do anything. Yeah holding the coins seems to be great at a moment and as you said there is no risk involved in holding as you can sell it when the price goes higher at the time of halving. |
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935
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Economy / Economics / Re: Why You Should Never Sell Your Bitcoins Ever
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on: April 24, 2016, 02:47:27 PM
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Selling bitcoins is just not smart at all, I do not think never is also good but I think if you do it now it would be stupid.
The halving is coming closer and it will most likely be very profitable.
Why it is not good to never sell them? Then what do you like do with bitcoin in an online or offline wallet? Selling bitcoin now is not smart, the price is continuing to increase. So sell bitcoin after the days of halving. That is the right thing to do I guess as this is not the right time to sell price is going up at a moment, so selling at the time of halving can be more profitable. |
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937
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Other / Beginners & Help / Re: Doubling Bitcoin?
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on: April 24, 2016, 02:39:12 PM
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If you desperately want to double your money, don't invest it to any investment sites or any bitcoin doubler out there as it will result to you losing all your BTC. If you want to double it, then do trading or maybe wait for BTC's price to go twice the price when you bought your BTC.
I agree,but if you are desperately want to double your money i think you need to try gambling sites so that you can easily double your money, but you can easily lose also, For me if you want to double your money surely but not easily, you can try trading buy at low sell at high. Doubling Bitcoins is hard now because the value of the Bitcoin is not even that high and you must wait now a long time until that will be possible for you. And maybe you can do it in soon because the halving is also coming and that can be nice for you. If you want to double your coins then buy it and hold for the future that is the best way to double your coins without taking any sort of risk. |
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938
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Bitcoin / Bitcoin Discussion / Re: Can Bitcoin make Banks disappear?
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on: April 24, 2016, 02:33:48 PM
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I think bitcoin can go along together with banks. I mean, maybe someday banks will accepting bitcoin for payment like fiat. And i don't think bitcoin make banks dissapear. Bank is important for every country.
I think bank is more important for the government, since they can rule fiat through bank. Actually bitcoin doesn't need bank, but most people still need bank to get fiat after it get converted from bitcoin. So for now, bank won't disappear because of bitcoin. In future, who knows. Yes, we can't dispense banks because we sti use fiat. We cannot use bitcoin in our daily expenses yet so we are still reliant to the power of fiat. If bitcoin becomes very popular and can be use anywhere any time and can purchase anything, then fiat is gone and so is the bank. Banks and fiat can never disappear, even if bitcoin gets on mainstream and is widely used and accepted there will be few portion of population that will depend on banks and fiat. Yeah banks will always be there, and I don't think bitcoin can make banks disappear ever as banks are the basic necessity of the majority of the people. Yeah banks and fiat can never be made to get disappear by bitcoin. When bitcoin goes mainstream we can expect bank using the technology of bitcoin but never makes fiat disappeared. |
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939
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Bitcoin / Bitcoin Discussion / Re: Is Bitcoin trusted to put your real money
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on: April 24, 2016, 02:25:42 PM
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Yeah Bitcoin is as trusted as PayPal, Neteller or whatever else digital money payment processor you have in mind. It's basically digital money connected to a real world currency so it's essentially real money like fiat without the paper bills. Bitcoin can offer you higher interest rate than your savings bank account and less fees in transactions. Depending on the price of Bitcoin which tends to gradually increase one can reap great rewards from using it.
Neteller is the easiest to use out of all those processors that you mentioned. They have actually incorporated into their payment/receiving options. I have not used them yet but will so soon since this option for bitcoin is available now from them. It is only trusted to put your real money in Bitcoin if you are making some profit with the currency. Otherwise it will be sin and you dont like it so you need also have some patience to wait for a price increase. Making profits is necessary if you are investing your money into it and now with increase in the value of bitcoin it has become possible to have faith in it. |
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940
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Bitcoin / Bitcoin Discussion / Re: Ever missed the chance of getting bitcoin at cheaper price?
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on: April 24, 2016, 02:22:00 PM
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I wouldn't say that I miss that chance of getting btc at cheaper price. I ask my self often how didn't I see it earlier? I'm active member of bitcoin community from last year, from the moment I saw it on internet I earn and use bitcoins almost everyday.
When I saw price of btc for the first time it was 217 $, today price is 454 $. I think its very good progress for less then one year.
I thought of buying coins when the value was around $300 but dropped that idea because of some reasons, I felt it many times before and now as price is increasing I think I had missed some of my good profits. No I didn't miss the opportunity, I bought when the price was $250 in the past and also when it was $400 so I made profits everytime I bought. |
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