Trading is the right option to achieve that target but investing 7 BTC is a big amount, and if you face loss then it is big loss, so i suggest to invest some amount of money in trading and wait for while and then invest again in trading.
Agree that trading is the right option and with 7 BTC capital,thats more than enough. You can start with 1 BTC or two but please, study first the trading. If you are in a hurry and excited without learning the ins and outs of trading, you might lose your currency in a short period of time. As a reminder, Trading is a risky thats why it needs you to be aware and learn. Yes its always risky to enter trading without any knowledge and skills as there will be higher chances of loosing everything, its better to learn first and invest smartly. |
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It's coming
EDIT: This topic is my proof. Everyone thinks that it's not possible but why not?
I call it a bubble.
a few days ago when the price started to decrease then I remembered this thread, but thanks God that it did not happen and the price once again started to increase and will come to increase than $600 sooner $350 will never happen again. If it does happen, it means the bitcoin is a dead coin, the price will be zero. If it falls to $350 then it cannot be considered as a dead coin, it will be dead only if it falls to zero level but that will never happen and even its not possible to fall to $350 level. |
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Now may not be a bad time to buy a bunch. Actually about 12 hours ago was the best time to buy a lot. It looks like it is recovering nicely now but there could be another drop.
Yes, its recovering quite sometime now. Its a opportunity to buy as sooner or already started prices are slowly on the uptrend move. Those bitfinnex attack which affects the bitcoin price to drop is also an opportunity to buy more.  Sometimes crisis help the the wise investors because they see it as a big opportunity to buy more bitcoins to increase their holdings. I also see that, although I have only a little amount of investment with bitcoins and I am willing to hold it for a long period of time as I believe it will more valuable in the future. Yeah bitcoin will be more valuable in future so its good to collect as much as we can and hold it for future to make good profits from it and this is really good price to buy some coins. |
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If I have 21 btc then I will try my best to multiply it in long run as its always good to hold more number of coins for future to have good and comfortable retired life.
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will use it to trade and shopping.
I will use it to trade some altcoins such as Ethereum, Monero or Dash. I will also use some to buy things. I also really liked the trade altcoin I think you should focus on one altcoin only you must know the price changes in the circulation of that altcoin. understand the altcoin price then you will be easier to get a profit. because you're already familiar with the market that altcoin Yes altcoin trading seems to be good at a moment and investing in ETH and ETC can be really profitable as both of them have high potential and their future seems to be good. |
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That is the safest way to earn profits from bitcoin but its bit time consuming and risky too as we never know what will be the price very next day. But holding it for long term can be really profitable.
Trading can be really profitable if someone has a good enough capital, with 10 btc someone would earn almost 0.5btc each day if he gets a 5% rise on the coin he is trading, or he should trade with just 5btc and he would get a little less but enough for a day. Higher capital will give you higher profits for sure as you can take advantage of even a small fluctuation which will help you in earning descent profits. yeah substantial capital could provide greater benefit to you. Example 5% increase in prices of bitcoin will provide a gain of about 0.5 btc to you. it was a huge advantage in the short term dude. but you do not forget the risk of loss would be greater ? You cannot expect profits every time in trading sometimes you also have to go from looses but I think it can be an learning experience which can be helpful in future. |
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Is it possible that in 20 years cryptocurrency become not only popular but also displace other currencies? Maybe she did become an international currency which will be used by all people.
In next 20 years the world will go digital for sure but not sure whether bitcoin will be alive or not or will it get replaced by some other new and innovative currency. |
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Will be buy time when price starts to fall and rise again(or not, might be a bull trap)
I don't know how low we are going this time before a recovery
i think its right time to bitcoin because the is stable and i am sure that bitcoin will be going to up faster . of course the price of the bitcoin is going to grow a lot in the near future, in my opinion it is definitely a great time to buy your bitcoins in order to make good profit Yeah price is good at a moment for making an investment in bitcoin, as price is expected to go higher in future which can help us in earning higher profits. The bitcoin price is 30% below the recent peak of $790. I think the bitcoin price will rise 100% in the next 12 months. Price will definitely rise in future but we don't know how exactly it will rise so the best thing is to buy some coins now and sell in future when price goes higher. |
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currently the price had dropped to 580$ so there is still some chances and right now elections are comming and everytime it also effects some altcoin prices so i can turn some other profit making ways to just except waiting for the btc price increase
Waiting for the price of bitcoin to increase is still doable this time, you don't need to wait for a long period of time in order to make profit. If you have notice how the market react after the big price fall back, you can tell that it is back to a positive direction now and we can make profit even for a short period of time just buying now. May be it takes some time, but it is sure that bitcoin would be grow his price, and i am sure it will be more than previous price, but i think mostly people know about it that bitcoin price come down, because i have read mostly threads about bitcoin's price fall down. So thats all show people know about it before, and also Bitfinex has been hacked so it is a main reason of bitcoin falling, but don't worry it will be covered very soon. yeah price will start moving up again in next few weeks, so the only thing we can do it is to have patience and should take advantage of price drop by buying some coins. |
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i think you should buy bitcoin in high amount because bitcoin going to higher price .
Your idea is rare, that is not the principle in trading and investing, buy low and sell high is the way. For some they do not care of the price because they are just a mere spender and they will spend their bitcoins right away mostly in gambling. The fact is most of the users are buying bitcoins to use it on gambling and rest are buying and saving it for future to multiply their profits by selling when price goes higher. |
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The price of bitcoin is $571 now and it can decrease anytime, so i don't think the price of bitcoin will reach $4000 and it's already 2-4 weeks after the halving.
Yeah $4k is simply not possible to achieve in this year as we have not even crossed $1k yet, so $4k will take long time to achieve and may be in next 5 years we will see that price. |
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i think bitcoin is much more better than gold .
i think both are good, gold has its own position and value whereas bitcoin has its own importance, but to me in present time as there is a big fluctuation in the price of bitcoin, and currently the price of bitcoin have fall down to a very very low level therefore to me the best option is to invest the money in bitcoin as compare to bitcoin because to me the price of bitcoin in current time are very very attractive, and hope that very soon it will rise to its origional position. Price has gone down in past few days so I think this is the best price to invest money in bitcoin as price is expected to go higher in future which will result in higher profits. even when the price was sitting around the $650 price level it was a good time to buy some coins for the long term. right now with the price below $600 it's even a better time to start buying. people should use this opportunity in their advantage. Yeah this is really good price to buy as price is below $600 now so majority of users will prefer to buy bitcoins as we may see much higher price in coming months. |
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It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
It will be used a lot, yes. But not by everyone for sure, because people still will be afraid of bitcoins, not everyone know about bitcoins yet, so it will take more time than that The major reason is people are afraid of investing their money into it as there are many scammers around who are constantly busy in running away with the money of people so I don't think it will be used by everyone in future. i think the volatility aspect of bitcoin and the anti bitcoin campaign from the media has a much greater impact on people as to why they don't want to use bitcoin. also, scammers are everywhere in the world. if you use common sense when doing trades, then you can avoid being scammed. using a really trusted escrow helps to make the chances of getting scammed even lower. Yeah you need to be proactive to avoid of getting scammed while making an investment, and if you are smart enough and not greedy then no one can scam you for sure. |
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For my signature campaign earnings, I will put them in my "saving" paper wallets. At the moment, it is quite difficult for me to spend bitcoin as there is not many merchants around my area accepting bitcoin.
if there is no any merchant accept bitcoin then you can use it for online shopping there is many online product seller they accept bitcoin so you use bitcoin easily for online shopping . Of course you can do that but the problem with online shopping is the shipping fees is to huge if you are living in a country that has no major sellers yet, most of the sellers are in big countries so they need to ship out your item and pay for the shipping fee. For me, that is not worth as you cannot experience the benefit with a huge fees, let just hope more merchant will accept in our area. Exactly shipping costs are too high to handle and if shipping cost is higher then it won't benefit you if you buy with bitcoins and that is the reason people will prefer to buy from the local site by using credit card. |
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It is not big by any means, but the speculation and holding can be exciting. Waiting for the fork and the later or sooner
No one can earn a living by just holding his bitcoins because for earning a living someone surely needs a lot of bitcoins on daily or weekly basis so for that holding wont work as holding them for one week for give much profit always. It's one of my point. You can't do now your favorite holding the coins for price increase because you really need to convert your bitcoin in regular basis. All your main spendings will now be shouldered by your bitcoin earnings so whatever the currenct exchange rate, you are force to withdraw some of your saved bitcoins to be used in your daily spendings. So still it's better if you have another source to support your daily needs and let just bitcoin saved in your wallet. Its good to earn stable income from full time job and invest some money in trading bitcoins from where you can grow your coins on regular basis and if you combine earnings from both then you can earn a good living. |
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I will sell all my coins and get retire early from work and would travel the world with my family, but I doubt that we will ever see that high price of bitcoin in future.
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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
You can read other post have same question like you but only a little different. you can use it for anything you can if you have a skill for trading use it as a capital for trade bitcoin. Trading bitcoin is good but at a moment I think he should invest in altcoin trading, and ETC is showing great potential which can give best profits in short term. |
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Yes, i spend bitcoin in my real life
I use it to pay my bills, like electricity, internet and phone bills. Also i buying giftcard online using bitcoin and sell it in my local
It really helps especially when our local exchanges offers more services that we have avail with bitcoins, by paying our bills in the internet is already major improvement that would give us comfort that we will not personally go anymore to the office to pay the bills, I hope more to come so we can enjoy more and we can utilize our time properly. Yes, bitcoins as far as good source of income also it is useful for us to services, and we utilize it in anywhere. When i started bitcoins so left my credit cards because it is really helpful to me like paying the bills and also i am doing the online shopping. But i have a problem that in my country i can't use it in any shops and also out way. But i can use it easily in online shopping but limited. So i can say that i am using the coins in my real life. No problem with real life though because even if in your area there are only limited shops that you can use your bitcoins you can always do cash out anytime you need, actually I don't see my earnings online as bitcoin only as I automatically consider it as fiat especially when I am in need of money. Majority of users are doing the same as they don't have direct shops to spend them so they will prefer to sell it and convert it to fiat first and then spend it. |
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Nope. You have to sell it whenever you need some cash. Even thou someday Bitcoin price will be 10,000$ . But you don't know when right? What if you need some cash but you are expecting that Bitcoin price will rise someday, but how if bitcoin price will fall ? No one knows ? right ? But as far as I know, you need to use it as soon as possible because maybe time will come, bitcoin will stop producing and investors stops investing. So be sure that use your Bitcoin as soon as possible.
Exactly, we sell when we need money or cash, we invested now because we want to get profit but how can we enjoy our profit when we are not selling bitcoins to convert it to fiat. Is good to hold in the long period of time as surely the price will continue to increase but we cannot risk all our money until the end of our life. Yup and earning profits is more important then holding for long term, as if you will never sell then you will never make money out of it, so its good to sell when we are making profits from it. |
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Better it's invest i guess, cause with investing your money may you will make money be better. But you still things be sure for invest or not. make it's better when chance happens. Goodluck Buddy.
I think its not better to invest, if you're investing in ponzi pyramid scam, I think this is not better. Because you're helping that ponzi to scam other people by referring them. But I think there are some investments that were legit, but the profit there is so slow. So I suggest to save your bitcoin than investing it. Investments should be done in real world and not in digital world as its difficult to trust someone online and its very hard to find any trustworthy investment at a moment. |
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