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61  Economy / Economics / Re: Make money from money on: April 12, 2017, 07:49:46 PM
Yes money helps , money grow Because more money you save you can invest in many asset class and you may get good returns rather than just putting on everything in one of the asset class . You can also give loan to friends and family and get interest on your principal amount .
that's right if you have good amount of money you'll be able to invest with more you can split it with many kinds of investment, the more you have
the more chances of gaining really good profits in return let money works with each other and be stable in the long run.

Yeah you can make more money only if you have good amount of money as for example if you invest huge capital in altcoin trading then you can make huge profits even with a small fluctuation so money surely attracts money.
62  Economy / Economics / Re: The dream of getting rich with bitcoins on: April 12, 2017, 07:48:03 PM
Maybe not to get rich, but sure as hell to earn a decent amount of money with bitcoins.

How much money did you earn with bitcoins? Or did you lose some?

I just tried gambling and trading after earning some bitcoin in signature campaign, I lose money from both so I didn't hesitate no more to stop it. Now I am just saving for study purposes and to support my music career. All thanks to this forum I can do what I want now.

Well if you can wait until 2030, probably you can really get rich with Bitcoin if the prediction is correct or even just a 10th of the predictions price which is $50,000 and from now until 2030 (13 years) of saving BTC I am sure you will have more than 3 or 4 whole BTC.  and that will sum up to 150k - 200k USD which is quite big amount.

That is a possibility that bitcoin can achieve that price in future and I believe that its very much easy to earn bitcoins at a moment but when price will cross 2000 or 5000 usd at that time it will be very hard even to earn a small portion of bitcoins.
63  Bitcoin / Bitcoin Discussion / Re: What do you like best about bitcoin? on: April 12, 2017, 07:35:03 PM
What do you like best about bitcoin? because bitcoin it has a transparent transaction, simple, practical, and exchange rate fluctuation. and many more that I like about bitcoin, bitcoin also enough to help my life in real life. thanks bitcoin. Kiss Cheesy

Bitcoin has made our life easier and have also made us financial stable as its giving us an opportunity to earn some really good amount of extra money and that is the best thing I like about bitcoin that now I don't have to depend on others for my expenses as I can easily do with bitcoins.

exactly, olden if I'm short of money for a need, I will borrow money from my friend and it was making me uncomfortable, but now I just need to find a bitcoin to patch flaws in material things.

Well it is true if we do have enough bitcoin to spend if time comes that we do really it, and also if we have a stable Signature Campaign where we could earn bitcoin per week or per month, or the other ways like trading which is also a great way to earn money and have profits in the long run, and for me, using bitcoin in our everyday lives is not worth it if we do have fiat, because we are just going to throw away our profits on this that we could have in the long run.

Yes if you are getting paid in fiat from your day job then better to spend fiat for your expenses and try to save your bitcoins for future as everyone is predicting that price will go much higher in future so that would be the best time to sell our saved coins to get higher income from it.
64  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin money? on: April 12, 2017, 07:32:12 PM
Bitcoin is a product that can be traded for good and services. Much the same as tulips, jewels, auto, silver, gold, orange juice, pretty much anything you can consider. But, can we think of it as money?

No, we can't. Bitcoin is a denominated commodity that is electronically tradable. It is not electronic dollars. It is more similar to digital gold or digital wheat for that matter. There are 21 million of them. Each can further be divided into 100,000,000 subsections (8 decimal places). That is 2,100,000,000,000,000 bitcoins, or 2.1 quadrillion pieces.
then can you buy a cup of coffee with a silver? you can buy t-shirt, laptop, house and almost anything with bitcoin. for me as long as it could be used to buy something then it's a money. bitcoin even more than just money, it's a revolutionary money that unusual but become popular nowadays as an investment but also a lot of people used it to shopping onlin , trade online etc.
Yes that is one of the benefits of using bitcoin is you can use it as a secondary money and buy the things that you want online or in the real world if you like to. Bitcoin can be the future of money because the government might make a digital money to use it online and transfer remittances online and that is what bitcoin have.
yeah people love to spend bitcoin to buy stuff due its easy access and the flexibility where most currency have a lot of step to do especially when you want to spend it online , anyway about the future money i think bitcoin would not replace fiat , but it could be the first currency choice after fiat. bitcoin sure it's a revolutionary and future of money with its definition.

If bitcoin is the second choice of the people that means that it has not replaced fiat and fiat is still on the mainstream and people will use bitcoin as their secondary currency and even if bitcoin becomes more popular in future I don't think it can ever replace fiat.
65  Bitcoin / Bitcoin Discussion / Re: What to do with the people who don't like Bitcoin? on: April 12, 2017, 07:29:21 PM
We cannot force anyone for anything and if they are not interested in bitcoins then I think we should respect their decision and should not be worried as there are more people who would be interested in using bitcoins so we should try to explain to those people about bitcoins.
66  Bitcoin / Bitcoin Discussion / Re: The Reason Bitcoin will always be #1 on: April 12, 2017, 07:27:13 PM
Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.
By this time yes i think about this thing too,that no other crypto currency will replace bitcoins by this time,But will it remain as is forever?Bitcoins maybe beaten up by more cyrptocurrency that will be launch in the future,Bitcoins will just survive if they are able to go with the flow of developing age.But yet still bitcoins will be worlds number 1 cryptocurrency up to date

There is a possibility that bitcoin can get replaced by any other currency in future only if the new currency would be holding better benefits then bitcoin and if that happens then people will surely switch to that currency leaving bitcoins behind.

This is harsh but undeniably true! There is a possibility. This is unavoidable if bitcoin will not evolve and improve itself. For example, the elapsed time in order to confirm transactions. If the confirmation will take long, then others may use alternatives such as using fiat (especially if the transaction is a face to face payment). The confirmation time of transactions is impractical today because people prefer instant. If a new currency will adopt the characteristics of bitcoin and then implements the improvements (such as the one mentioned earlier), the tendency is for people to shift from bitcoin to the new one.

Yes delay in confirmation time is an major issue at a moment and even the fees have gone higher so if new currency will have less fees and instant confirmation then it will take no time for people to leave bitcoins behind and adopt the new currency.

Actually, it will take some time. Obviously bitcoin will not let anything surpass its capability so if a new type of cryptocurrency emerges and coped  with the issues that bitcoin is facing, bitcoin will have the effort of improving itself. This time, a competition will emerge and bitcoin will not let its competitor win. So if bitcoin attained the lower fees and the instant confirmation then bitcoin will remain as the victor but if bitcoin was not able to attain the lower fees and the instant confirmation then bitcoin will harshly drop and the new one may prevail.

With improving speed of internet people want that everything should be done fast and no one will like to wait for hours and hours for single transaction so if this issue is not resolved soon then bitcoin will start loosing its user for sure.
67  Bitcoin / Bitcoin Discussion / Re: Where to Invest BTC? on: April 12, 2017, 07:24:42 PM
Bitcoin IS investment already! Wink

You may think like that, but there are more investments with Bitcoins. We can trade them in websites and with some experience you can make a good profit.
Sure, I agree with that for the short term, but for the long term I don't believe anything can be better than BTC for investment.

Gold may be able to compete bitcoin on the future since gold also have a chance for made profit because gold's value keep increase overtime
In other side, bitcoin still consider as risky investment so don't invest on what you can't afford to loss

There is no guarantee that the price of gold will be only higher in future and it may also go down as we cannot be sure about any investment that it will give only positive results and bitcoin is good to make short term profits.
You're right indeed.

Yes but the fact is people have more faith in gold in compare to bitcoins and even gold is more popular as an investment as people have a feeling that gold will never give them loss in long run as many people have made huge profits from gold in the past.
68  Bitcoin / Bitcoin Discussion / Re: What is the best source of bitcoin nowadays? on: April 12, 2017, 07:20:44 PM
The best way for me has been trading,doubled my stack of bitcoins during 3 months of the past year and for the past 20 days already up more than 50% so I must say trading is treating me very well.� Grin
You made trading sound so easy if a newbie would see he would just trade without any background knowledge and the doubling of your bitcoins is purely your experiences and your ability to lose. I just wonder how much time did it actually take you to actually trade in the most profitable way.
Trading requires knowledge on market price that's it. If you are newbie or experience no matter, you can trade and make money. And Bitcoin and altcoin trading are the good business to improve your bankroll. The bitcoin price is also supporting traders to make money in trading. Other than this Investing is another method to make� Bitcoin.
I don't think it is like this anymore and i have felt that trading isn't for newbies is just nothing but a myth. Personally when i started i didn't know anything about trading so i simply checked ripple stats and went all in as it didn't get a price change from long time and the price increased. We just have to see the pattern in coinmarket and go all in on the top 5 coins which haven't been pumped till now.

Yes even newbie can start with trading if he understands how trading works and he can be good in analyzing the charts and price movements so its nothing that a newbie cannot make profits from trading as everyone has their own talents.
69  Economy / Service Discussion / Re: Bitcoin Debit Card Inquiry on: April 12, 2017, 07:18:20 PM
I am using Wirex debit card and it seems good for me at a moment but the only issue is that many times their website is down and facing some technical problems but if you want huge limits then you need to submit your id proofs and if not then you will get limited limits on your card.
70  Bitcoin / Bitcoin Discussion / Re: In what situation would Bitcoin die? on: April 12, 2017, 07:16:05 PM
There are only two possibilities in which bitcoin can die.

Either people stop using it or there comes some new currency which is better then bitcoins and if that happens then I think bitcoin can disappear in quick time but as of now I think everything is fine with bitcoins.

Very smart, directly to the point. Only these two possibilities could make bitcoin die. But there are infinity causes to reach to these two possibilities, like persons trying to sabotage bitcoin, it's the worse and most dangerous possible cause to the bitcoin failure.
And there are many others causes, we need to be aware about everything to protect bitcoin against threats.
You're both correct mate and what pangia said could happen if care is not taking with issue happening lately concerning the block size ignominious failure and the news about the bitcore/block stream which causes high transaction fees and sloppy transaction confirmation.

If the delay in confirmation issue is not resolved fast then there will be many people who will stop using bitcoins as every one wants instant confirmation and its very annoying to wait for hours especially when you are in urgent need of money.
71  Economy / Trading Discussion / Re: did you place all your funds into bitcoin? on: April 12, 2017, 11:40:58 AM
I am thinking .. to put all my money in bitcoin what do you think? is it a good way to grow my money? or it is risky or.. ?
Not risky but if you put all your funds in bitcoin you will loss the fiat because fiat is use for daily activities so I think putting all your funds in bitcoin is bad idea. So don't put all your funds in bitcoin but the half of it and the half of it is will be the fiat money.

Yes and putting all money in bitcoins is a big risk as you never know what will be the price of bitcoins in future and if price falls extremely then it will bring huge loss for you so its always good to put a part of your wealth in bitcoins and rest in some other investments.
72  Economy / Trading Discussion / Re: How is trading *not* gambling? on: April 12, 2017, 11:39:08 AM
How different is trading from just gambling? I know there seems to be a  big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?

Gambling sites is controlled by a certain or specific company while Trading is controlled by the traders itself. If the traders will stop trading, the site will be static, while gambling is still on going. They also have similarities as well. For example, predicting what will be the price of the currency for tomorrow in Trading while in gambling, predicting if you will win or lose on that bet.

And the other fact is gambling is totally based on the luck and no strategy can help you out in making money out of it whereas in trading if you understand the market well and if you keep an close watch on the price movements then you can make good profits from it.
73  Economy / Speculation / Re: Sell your bitcoins within a month or two on: April 12, 2017, 11:35:48 AM
I don't have any plan to sell them at a moment or in two month's time as I have higher expectations from bitcoin and for that I need to hold my coins for a long term and I am ready to do that as if I sell them now then I will be making lesser profits so will prefer to hold them till the end of the year.

First why we need to sell out our bitcoins with in these months. Op might worry about price hassle and it may dump to low amount in future.
A price is all fluctuatation in btc but if you look as a long term investor you could understand price is good now and we continuously moved and now settled in peak value.

Price will keep on getting higher in coming months too so its better that we hold our coins for next couple of months and sell only when price reaches to our satisfactory level but if you are in need of money or you are happy with the price then you can sell some percentage of your coins to make some profits.
74  Economy / Speculation / Re: Sell or wait? on: April 12, 2017, 11:33:30 AM
I am not looking to sell at a moment as I am long term holder so will only sell my coins when price is above 2000 usd and that can be achieved in this year so right now I am trying to buy as much as I can as price is still good to make some investment in bitcoins.
75  Economy / Speculation / Re: When do we cross the 1000 USD barrier? on: April 12, 2017, 11:30:42 AM
We have already crossed the barrier of bitcoin being priced at 1000$ .well you can expect the price of bitcoins could rise upto 2000$ at the end of this year .well now may be the best time for buying bitcoins and sell it during the month of december of 2017.
This morning the price dropped to $1195 but thankfully cause currently the price $1225, it looks like the price of $2000 can be achieved more quickly before the end of this year, probably 4 months again prices can get past $2000.

The present rise is good and we don't want that bitcoin should touch the price of $2k overnight or else after that we will see major crash in the price so its good if it keeps on moving higher slowly and steadily and it would be great to see if price reaches $2k at the end of this year.
76  Economy / Economics / Re: If you were in desperate need for money.... on: April 12, 2017, 10:15:51 AM
Borrowing will always be your very good way, and your assets will always be the one that will save you, you could use them as collateral or if you want it quicker .If I was in desperate need for money I wouldn't try to get money in Bitcoin, because it is problematic in my country to exchange them for local currency.

Borrowing would be a great choice once you have a definite plan on how you will use them like a starting or additional money to start a business but without a plan, you might get jailed for it.
I agree on your second opinion that bitcoin isn't the right thing to get money in desperate times since you might get nowhere into.
Borrowing can also be for desperate times and in fact it's the most option of people who are really in need of money, you won't be going to jail if you know your responsibility. When you borrow money, make sure you know how to pay it, your reputation is also at stake here and if you fail, the next time you cannot borrow anymore.

Borrowing money is the easiest way to take care of your needs as you will get money instantly in your hands but you have to make sure that you repay them on time or else it will ruin your reputation which will very hard to regain in future and in that case no one will prefer to help you out in future.
77  Economy / Economics / Re: The best time to invest. on: April 12, 2017, 10:12:44 AM
Now bitcoin's price on the top $1186, it is high price. If anyone invest on it, its mean we could earn from it. But how we could invest on it? In any investment sites?

i do not think that it is the high price of bitcoin, as we can see that bitcoin is now trading above 1200 USD but still there is more potential in the price of bitcoin and the price of bitcoin will go more and more high in next few months. it can even cross 2000 USD level very soon.

Yes and bitcoin will go higher in coming months so I think even the current price is a good price to invest in bitcoins as if you can manage to hold your coins for the long term then you can afford to invest in it even at the current price as everyone is hoping to see the price of $2k by the end of the year.
78  Economy / Economics / Re: bitcoin benefit of saving for a long time? on: April 12, 2017, 10:10:39 AM
why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?

Come share your thoughts

because by saving bitcoin for a long time is one of the greatest investment because the bitcoin price is pumping every so they can multiply their bitcoin by that saving it for a long time. So that is the benefit a huge earning.
For savers in the long term, we all hope the price of bitcoin will continue to rise so we will all benefit for our investment.
It is predicted it will increase overtime so we have to be very optimistic with that.
As stated from the day the first coin generated the price have reached high along with increasing adoption and acceptance compared to most other digital currencies. Saving is always profitable and when it comes to bitcoin it makes our savings grow. Even now experts have stated that price will increase more and more.

That's right its good to save bitcoins for the future instead of spending them now as price is getting higher and we can expect the same in future too so make sure that you have saved good number of bitcoins so that you can sell them when price goes higher in order to make higher profits.
79  Economy / Economics / Re: Make money from money on: April 12, 2017, 10:08:46 AM
Yes money helps , money grow Because more money you save you can invest in many asset class and you may get good returns rather than just putting on everything in one of the asset class . You can also give loan to friends and family and get interest on your principal amount .
To make money from money is a risky move, most of us do not take that as we are afraid to take risk, but people with big dreams are risk takers and they gamble on that situation so I guess we can also be successful if they were able to do that. What we are doing is very risky, even owning bitcoin will give you risk already but because we want to be rewarded with greater returns, we do it, so as much as we can afford what we invest, no problem with that.

Well risky is something in which you are not sure how it works and invest in it . But if you are aware of the ins turner type and know that in long term it will yield you profit .

Also invest in Bitcoin is good considering at what level you have purchased the coin . As price is increasing you make profits from it .

The best thing to invest money at a moment is in bitcoins as price has been increasing over a period of time so if you invest a good amount of money in bitcoins at this stage then it can yield best profits for you in future so try to invest as much as you can in bitcoins.
80  Economy / Economics / Re: USD vs BTC on: April 12, 2017, 10:05:04 AM
USD will always win the race in long run and bitcoin doesn't have that capability to replace usd in future as the user base of usd is huge and it is accepted at each and every corner of the world which is not happening with bitcoin at a moment and people will always use btc as a secondary currency.
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