bank or bitcoin wallet? I think both have their own advantages and disadvantages. for security I prefer to the bank because it is proven safe. but to be able to get more profits, bitcoin wallet is very easy for it
Yes to save money we need banks and to save bitcoins we need bitcoin wallet, both are important and have their unique features so its smart to choose both of them instead of going with single one. |
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If you do use localbitcoins, be sure to find a trader who has a high volume, high positive feedback rating, as in 100% positive with 1K+ trades. And make sure to read the reviews to get an idea of the person you might be dealing with. This will reduce your chances of getting scammed.
Yes I buy it from localbitcoins and I follow the same procedure and after buying on regular basis now I have one personal trader and I prefer to trade with him as I am sure that he will never scam me. |
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In my point of view, where to invest btc is on trading. In trading
you can gain profit in just a day but you should know how to manage
your investment. Buy the altcoins at a cheaper price and sell it a Lower
price. As long you already gained profit you can sell your investment.
But please bear in mind that all investments are too risky and please dont
put your eggs in one basket.
Every investment is risky either in online world or real world, you need to do good research before investing your money anywhere, but to earn good profits in future taking risk is mandatory. Nowadays a lot people here just blindly invest their money into something. Especially in the altcoin market where these people go nuts. They probably haven't heard of doing research, or perhaps they don't even know what it is. If people are investing in altcoin without any knowledge or doing research then there will be no difference between trading and gambling as they are depending only on luck to make money from it. Yes, everyone can't invest in altcoin because trading is not easy.A newbie can't be succeed on it.One need to have proper knowledge and idea about it to become successful.Though trading is the best way of investing but without knowledge it's more dangerous than gambling. Exactly and if you don't have any knowledge of trading then its better not to invest money into as you will be surely loosing all of your investments, in that case holding them for price rise is the best option. |
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What is the best way to earn Bitcoin? Are faucets worthwhile or is there an easier way? How much can I expect to earn?
The best way to earn bitcoin so far is signature campaign where many people applying in this campaign to earn lots of bitcoin every week this is one of the most awesome income source per week and faucets are not good for me its not easy that all if you want really too then try to trading. Yeah if you can manage to earn from signature campaign and trading then you can expect decent income on regular basis, signature will give you steady income and with trading you can make quick profits. I think the best way of earning btc is campaign like signature,facebook,Twitter etc and trading. You just need to make good quality post and high rank to get accepted in a bitcoin.And other is trading, it's little difficult and depends on.some luck.But, you need to have skills to become succeed.I think these are the best way of earning bitcoin. Yes you can earn descent amount from signature campaign and trading and I think this are the most common ways from where people are earning their bitcoins and also making good profits. |
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very very few. I say less than 5%.
This far more than what I knew in the my community. Even though i keep on sharing about bitcoin and the good stuff it gives to me, they are still not interested in it. As for my counting the number of person who is actively participating in bitcoin society is me lol. That is one out of 10,000 population in my community. That is the major problem we are facing at a moment, we are trying our best to recommend it to people around us but the fact is they are simply not interested in knowing it. |
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Yes I am spending them in real life by converting them to fiat currency and also spending it online for shopping and loading my cell phone, this are the common places where I am spending them.
Exactly the same thing with me,i cannot use bitcoins directly in my real life but yes i convert them to fiat and then use them in real life and directly use bitcoins as well in online shopping and doing mobile recharges,paying bills etc. The fact is that we can use bitcoins only for limited purposes and the reason is that bitcoin is not developed and reached everywhere yet, but till we can use it by converting to fiat everything is fine. That is what i can do in my country only, because there are no places accepting bitcoin around me yet so the only options i have are loading my mobile with them or to convert them in fiat and then use them. I think to spend them directly we need to wait for a long time and we also have to show some patience as many are not aware about bitcoin yet so it will take time for it to get widely accepted. |
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Not many problems in using bitcoins but sometimes its annoying to keep on waiting for confirmation time especially at the time of emergencies when you are in desperate need of money.
This is really one of the concerns of people especially merchants when using bitcoin. The waiting time for the confirmation for the transaction so that bitcoin will be credited. As far as I know they lots of altcoin have establish a faster confirmation time of transaction that may give them an edge against bitcoin if bitcoin will not resolve this annoying feature of bitcoin. Yeah and I think that issue should be resolved soon or else even if bitcoin starts getting accepted at physical places people will not prefer to spend them due to delay in confirmation time. |
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To earn money with bitcoin takes a lot of patience.
For me I earn with bitcoin through trading altcoins.
In trading it takes a lot of patience though you must
be wise in buying. Also, I earn in gambling site, but played
wisely.!
this gambling is high risk, gambling and trading risk gambling what is altcoin your trade in profitable ? , ethereum litecoin monero dogecoin or what and where you trading altcoin poloniex or bitrex Poloniex is a good place at a moment to trade altcoins, and if you want to trade then monero, etc and eth are the best coins at a moment which can give best returns in future. |
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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.
I will find a way to earn more from bitcoin, I will quit my day job. But now I think it's really riscky for me. that's indeed very risky especially if you don't experienced on bitcoin,don't have any business and you just quitting your job for the sake of bitcoin and trying with only confidence and don't thinking about it twice,there's no guarantee you can make bitcoin and fulfill your daily needs though No one will prefer to quit his job if he don't have an good plan of earning bitcoins, you cannot jump directly into bitcoins hoping that you will earn good money from it unless you don't have a great plan for that. |
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There are no guarantees that bitcoin will gain in value so you need to use caution. I believe that there is a very good chance that we can make money if we invest in bitcoin now. However, it is a high risk investment.
you are right, it is really risky but to be honest i always believe in bitcoins and i sometimes make money If we are not going to take a risk then we are not going to grow and have a chance to get good profit with bitcoin. As I keep on using and supporting it, I believe that bitcoin is going to have a good future in the industry of crypto currency because we know that it is the best of the best crypto's and many are already depending into it. Even if its a risky investment, we can expect to make some profits on regular intervals, as price is too volatile so we should take advantage of it and try to make small profits in quick time. |
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When the bitcoin price is not stable, the salary will be based on the US dollar. You can get bitcoin based on its dollar price.
That is a way to solve that problem but if you are going to do that then, why will you accept bitcoin in the first place? Wouldn’t be better to accept dollars instead of bitcoins? Exactly as it is. Why bother to receive bitcoin if in the first place it was just a converted one and you will just used it quick once you receive it. Earned bitcoin salary in those bitcoin works and work in the real world to earn fiat. That way bitcoin are just saved. i guess there's exist an individual that fulfill his needs through bitcoin and pay everything with bitcoin or if it wasn't reached this stage yet,they're probably want to live in that way so they want to receive bitcoin as their salary If you have an opportunity to spend them directly on anything then you can go for it, but if you have to convert it to fiat before spending then its better to continue to accept salary in fiat. |
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There is no safe ways to grow your coins, each and every method will involve certain level of risk, but if you are good in trading then you have an better opportunity to grow them.
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Mostly as an investment, Collecting them and waiting for a price improvement to earn profit both on daytrading "for usd daily value" and as well as a long term investment to accumulate some btc on long term value.
the same for me to be honest, bitcoins are just an investment for me and that is why i hold it Most of the people are buying bitcoins just for holding it and count me in with that. For I have bought bitcoins when the price is still $500 and somehow as of now I did got some profit already but still I am going to keep on buying if I can consider the price is still low. But there are also people who are buying bitcoins just to gamble and to trade. Buying it for trading is an good choice as you will be able to multiply your coins in long run with trading, and trading bitcoins is always best in compare to simply holding them where you cannot make regular profits. |
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It depends, the amount I earn in fiat per day is completely different to the amount I earn in bitcoin. I earn around 0.02 bitcoin per day although i have days where I lose and days where I earn larger amounts.
for me i never earn anything decent to be honest with bitcoins, my real job is the main income source It is okay if you are not earning much in bitcoin because you have a day job. It is better to focus on the job you feel more secure. Earning bitcoin for you is just a part time job but for others it is their main source of income so they earn more. Yes and if you a full time job and still you can manage to earn bitcoins then earnings from bitcoins is an bonus for you and you should be satisfied in whatever you are earning from it. |
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2017 will tell the changes that made bitcoin grow at this price. If a lot of skillful users or investors have been with this crypto then I must say many projects will also come out. There are investors that wants a business also which will accept bitcoin as a payment transaction.
i hope that you are right that a lot of new projects will pop out, that would be really good for bitcoin Not just projects but as well as stores, local and international are going to adopt bitcoin by that time. So I guess 2017 is going to reach more goal rather than what happened this year of 2016. And if these big investors are going to get in next year this is going to have a big impact for the price of bitcoin and possibly it may reach $800+. We cannot expect too high from bitcoin in time period of 1 year, no doubt it will be more developed and improved but it won't start getting accepted everywhere in this limited time. |
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Bitcoin is a best as a digital currency and it can be used for online transfers and online shopping with very less fees and if you can afford to save them then it can be an best investment for the future.
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I prefer a bank rather than bitcoin because in my opinion, the bank is better and safer to keep money than bitcoin. Besides, the bank is a financial institution official, so it is really very safe
Yeah bank is always safe and secure in compare to bitcoin wallet, as banks holds responsibility of your savings and in case if anything goes wrong with your money then banks will stand in your support to recover them. |
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I have been holding, and was expecting to keep holding for a few years atleast, to see where the price ends up at. But its kinda boring and was thinking of using some of em.
Holding bitcoins for a few years is a bit risky and too long imo. We don't know what happen to bitcoin on that years. For me better spend your bitcoin for invest in bitcoin for short-term The sad truth is most of us have held for awhile. And the price dream is always constantly talked about.. but yet we still hold this coin? lol. I pretty much sell it on the daily basis from my other business I get. It's the sad reality isn't it. Still you never know what happens obviously but it's looking pretty dark we've been waiting very long. Still I am going to hold on a little longer atleast till 2017 to see how it develops. Don't hold all of them if present price is allowing you to make profits then you should sell part of it in order to secure profits and if price falls in coming days you can buy them again. |
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I don't think I will sell them at current price, as price is too high for me, I am holding my coins since long time and will sell some of them when it touches $800 price and rest when it crosses 4 digit price.
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I am saving it now as I don't feel that it is the right time to sell, at current price is not too high, in my opinion, but If I try to have more patience I can expect better profits.
I agree also hold some of my bitcoin in the wallet, I think that the price of bitcoin in a few weeks will exceed the price at today, so I still have confidence that I will continue to hold of course the price of the bitcoin is going to become really huge and i think that it will make me some big profit Most of the people are waiting for the price increase in the future because we are going to get satisfied if that is going to happen and we know that it is going to happen in the future. So if we are just going to keep on believing in bitcoins and going to hold a lot of it we are going to nail the profit in the future without doing hard efforts. I concur, made a big mistake of selling all my bitcoins in 2014 to a low of $180 it was the time when the price keep on crashing. How bad it is, you could have make more money now when you hold longer, we have to learn our lessons in the past and do not be easily tempted to sell your bitcoins when the price is falling, just strengthen your trust for the future of bitcoin. We cant really avoid those feeling of being worried when bitcoins price tend to fall sometimes especially when we bought bitcoin recently then the price would fall suddenly then you would surely panic and afraid that you would loss your money, you would do that thing for sure when you dont have strong trust in bitcoin. Most of the people gets panic when they see price falling back and start selling their coins and big whales takes benefits of buying them at lower price, in that scenario people should learn to hold their coins tightly. |
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