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1021  Economy / Speculation / Re: is it time to sell? on: April 17, 2016, 04:47:10 PM
Can anyone tell what is the right time to sell ?

Well, you can easily know if it's time to sell because people will keep on making new threads here on speculation when that happens. I'm pretty sure today is not the right time to sell maybe 10-14 weeks from now the price will change either up or down.

If you sell now you will surely regret at the time of halving, as price is too low at a moment and as we are having halving next few months its better to wait till then.
1022  Economy / Economics / Re: Bitcoin replaces the money? Could happen? on: April 17, 2016, 04:42:09 PM
Money can't get replaced by any digital currency, as people are using fiat currency since its inception and they are used to fiat currency, and part of the world is not aware about bitcoins

Its hard to believe that money can get replaced by bitcoin in future, people from poor countries will continue to use fiat as they find it easy and simple to use.
1023  Other / Off-topic / Re: Will you quit your day job to go full time on bitcoin? on: April 17, 2016, 04:08:49 PM
problem is at some countries bitcoin is already accepted. in many parts of the world buying Bitcoins is not actually easy for the common folk, even for someone tech savvy.

If you want to bitcoin online then I would suggest you to go with localbitcoin, as I am buying from the same, and I don't see any issue with the genuineness of trader dealing with it.
1024  Economy / Speculation / Re: The future of Bitcoin on: April 17, 2016, 04:06:38 PM
Quote
Yeah we need to have patience and  bitcoin will be more popular in future for sure, as we will see many users who will start using bitcoin is a  currency in future, so I think bitcoin holds a great future  ahead.

There is a great future ahead for bitcoin no doubt about it because bitcoin is user is getting bigger and bitcoin is getting more sponsorship from companies that will adopt them.

Bitcoin have a good future. And that is logic. You can now see that the value is also a bit rising and that is very good for Bitcoin. All hope that we can have some profit later in the future.

Hold on for few months and you will see the difference, price is expected to rise at halving, so if price goes to the top we will see much better future of bitcoin.
1025  Economy / Economics / Re: How to save money. on: April 17, 2016, 04:04:26 PM
the best way to save money in my opinion is by investing in bitcoin. bitcoin invest in more promising than the money in the bank. bitcoin is the answer in saving our money safe, profitable and promising.
because money in the bank don't increase it self. but bitcoin will increase it self. there is high chance of bitcoin price increase.
I personally save my 50% earning in bitcoin, and I believe one day these bitcoins can help me more. but bitcoin rate and price unpredictable. don't know what will happen.

Atleast holding till halving is the right thing to do, So I am saving a part of my salary in bitcoin on monthly basis and hoping that price will go higher at halving and can earn good profits.
1026  Bitcoin / Bitcoin Discussion / Re: How to teach someone about Bitcoin on: April 17, 2016, 03:57:08 PM
I will prefer to teach them once, I will never keep on forcing them to adapt bitcoin, if they don't want its their choice I really don't have time to keep on running behind them why would I waste my time and energy behind them.
Exactly, because not everything is meant for everyone. Some people are interested in PayPal. Some are interested in other stuff, etc etc. We can't all occupy the same way to pay for things anyway. It's just not possible. It's like asking a guy in the US to pay for things with China money. He can't do it.

Im kinda neutral with this if you teach him once i think they cannot sink in to their minds easily on what you are teaching because bitcoin is not known by our relatives or neighboors that not techie. I must say i teach them as long as they have question feel free to ask if they need help. But mostly i teach newbies with youtube videos as well as joining them to bitcoin grouo where they can get more idea about bitcoin.
YouTube videos? Mind messaging me some of the videos?

Not only youtube video, but also we require to teach them verbally about the coins

Yup, it is better if you can share your personal experience with bitcoin, atleast what you share is first hand. Maybe the more personal you get in sharing bitcoin, the better.

If you want to teach someone start from zero and explain them step by step, and make sure you keep it simple at primary stage, do not complicate things and everything will be fine.
1027  Economy / Speculation / Re: If bitcoin dropped to $1, what you do? on: April 17, 2016, 03:48:25 PM
because I do not have bitcoin now. I will be happy
I would buy a lot of bitcoin, and wait until the price goes up. then sell it all and become rich  Cool Cool

Majority of us will do the same but I don't see it happening very soon, we need to wait very long to that happen, but bitcoin will never fall that low it will keep on rising in future.
yes it's such a prayer that never come true  Grin

This prayer should never come true or else bitcoin will die for sure and many users will leave bitcoin and switch to some other currency in future, we want that price  should go higher in future.
1028  Other / Off-topic / Re: what you like best in Bitcoin ? on: April 17, 2016, 03:43:46 PM
With the ease with I can convert it to my local currency is the best thing I like about bitcoin as transactions are fast and credits are instant with least fees.
1029  Bitcoin / Bitcoin Discussion / Re: Are you holding your bitcoin for a price increase? on: April 17, 2016, 03:39:26 PM
yes, I hold it. because I believe if bitcoin is a good investment

Keep on holding as the price has started increasing after the long time stable value which is around $410-$420.

Yeah hold for next couple of months to enjoy higher profits, as price has started to rise slowly and it will reach to a higher level at the time of halving, so holding is the good choice at a moment.
1030  Economy / Economics / Re: I'm not gonna sell any coin. on: April 16, 2016, 07:33:30 PM
I am spending some and selling some when I need money, as only holding will not serve the purpose for me, If I need hard cash I will sell accordingly.
1031  Other / Off-topic / Re: Do you actively spend your bitcoins? on: April 16, 2016, 07:31:57 PM
I believe majority of people don't spend coins, maybe trading with them or something else but only small
number of users actively spending bitcoin as money. Expectations are very high these days.

Yes that is true as majority of us feels that price will be higher at the time of halving so no one wants to spend their coins at a moment.
1032  Economy / Economics / Re: How many Bitcoin do you have saved? on: April 16, 2016, 07:30:20 PM
I don't save a lot I prefer to keep on spending on regular basis as it is taking care of my extra stuffs, and my salary is intact, as I know fiat can take care of me in long run.
1033  Economy / Economics / Re: How to save money. on: April 16, 2016, 07:23:42 PM
Try to save a part of your earnings and don't spend it here and there, just keep away from the gambling sites and ponzi schemes , and just invest in the trusted platforms online. That's the best method to save your money.

If you are greedy and want to multiply your money in short time then you won't be able to save your money as you will loose everything at the end of the day.
1034  Bitcoin / Bitcoin Discussion / Re: What do you do with your idle coins? on: April 16, 2016, 07:20:33 PM
I have some coins idling around in my wallet but I cannot bear to put it in hyip or risk it. But it is a waste to let it idle around. Yes. I have coins in some "lower risk" hyips to generate some interest which I'm prepared to write off. I also have some coins converted to hashing power in hashnest and BW.com but it has to be monitored else you will suffer a loss instead.  Grin


Unlike fiat currencies, I cannot park these coins into banks backed by governmental institutions. I put my fiat currencies in banks or blue chips but I cannot do it with cryptos.

So, what do you do with your idle coins? Let it sit around?
i have no idle coins,ussually i buy some coins to close the trade,and sell all idle coins,its a fault to buy coins that never have price raises,but i think everybody ever do this mistake.

If you are comfortable with the current price then you should sell it, or else wait for next co.uple of months to earn additional profits
1035  Other / Off-topic / Re: du you spend coins on real life. on: April 16, 2016, 07:17:15 PM
I am not spending I am just holding for the halving, I only spend if I need money in emergency or else I prefer to hold for the future.
1036  Bitcoin / Bitcoin Discussion / Re: How to teach someone about Bitcoin on: April 16, 2016, 07:13:42 PM
First of all, people will tend to learn if it's necessary. If bitcoin still isn't used everywhere, why they want to learn it?

If bitcoin got accepted everywhere, then people will try to learn it. They could learn it by watching videos, reading blogs about btc, or even told by their friends about it.




that is correct friend but me also give some advice when I  teach someone about bitcoin first I will tell him about bitcoin with voice  after I take to help from you tube because  there is more video available on the you tube I hope very soon understand about bitcoin someone

There are many videos available on you tube and you can find best videos related to bitcoins which will add value to your knowledge.
1037  Other / Off-topic / Re: Are you buying bitcoins? Why? on: April 16, 2016, 07:05:03 PM
I am buying hoping that the price will rise in future and we will be seeing good price at  the time of halving and if it doesn't then it will be very bad news for majority of us.
1038  Economy / Speculation / Re: If bitcoin dropped to $1, what you do? on: April 16, 2016, 06:55:13 PM
Isnt that scenario very hard? I know I would buy a hell lot of bitcoins just to have them and also a lot more people would buy from the same reason.

If bitcoin falls that low then I will surely buy lots of coins and keep it safe for the future as I am very sure that bitcoin will rise in future too.
1039  Other / Off-topic / Re: How kids can "earn" Bitcoin ? on: April 16, 2016, 06:51:17 PM
I will never want that my kids should start earning when they are kids, I would be really if they concentrate on their studies and there is whole life to earn money.
1040  Economy / Economics / Re: Spending Bitcoins on: April 15, 2016, 10:20:54 PM
I'm spending my bitcoins mostly on digital goods because here on the forum section digital goods there are a lot of attracting things that you can buy these days to be honest.
I also sometimes use bitify for some items but not often.
Spending bitcoin is very good for the economy of the bitcoin also, plus its nice to pay with it.

Spending is always recommended as only holding will not be profitable in long run, we need rotation and circulation of coins, and if it is not done then bitcoin will loose all its value.
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