Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...
What's your take on this, should I go ahead and quit?
Thanks
I would suggest that you should think about it like a million times, if its worth it to lose your job just to focus on bitcoin. For me, it is a very risky move that i think i might regret it in the end. I think of bitcoin like a sideline or another source of income but if you think bitcoin is an opportunity of a lifetime then it is up to you to decide for yourself.
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The greatest fear of the bitcoin holders is the fact that the hackers is very rampant and may steal their hard earned bitcoin in their wallet and the fact that their is no insurance to absorb the loss since there is no middle man or central authority that control the bitcoin.
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We all know that involving in bitcoin it takes your time and also money.Is it worthy to risk your time and money because of bitcoin?
Yes, i believe so, i have read and heard stories of some people who quit their real job just to focus on this cryptocurrency. I believe they see that their future is much brighter in this crypto business and are willing to risk everything they have just for this. I admire their courage. For me, i keep the balance between my work and bitcoin and i will keep holding on to it. Bitcoin is the future.
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Yes, I guess so, we are now being introduced to the internet money and bitcoin has the potential to replace paper bills and minted coins. But it is something that the people, the market, the government and banks are not ready to adopt because of the risk of losing control of their economies and their relevance if they promote and encourage bitcoin currency.
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Firstly, I advise you to improve your english writing skills since it was a bit difficult to understand what you were trying to convey due to your bad grammar. Coming to your question, you don't need to force bitcoin and the crypto market down anyone's throats. If they feel pessimistic about bitcoin and the crypto market, that is their opinion and there is nothing much we can do about it. As bitcoin grows more and more popular with time, your friends might acknowledge the truth which is that bitcoin is the future of payment processors and is revolutionizing the way we pay for services.
I completely agree with you, we shouldn't try to force it onto anyone. If they doesn't believe it or understand it, don't waste your time to trying to convince them. If you can educate and show others why buying bitcoin makes sense, they will do so on their own. With time I am sure we all will move towards Crypto and they will soon realize, they're too late.
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Im wondering what are the advantages of bitcoin than any other coins? I have been using bitcoin for almost 2 months already and I still don’t know what its advantages. Please share your thougths.
Bitcoin has been around for quite some time actually, year 2009 to be exact, and is very popular because of the fast growth in value. This is the reason why a lot of people invest in it for a hope to become millionaires. It is the very first cryptocurrency in the world, decentralized and no one controls it. All coins have pros and cons but for me bitcoin is the best.
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Everyone has to make that decision for themselves. No advice will not help you. In order to use bitcoin you need internal beliefs. Bitcoin is not just currency. Bitcoin is the ideology of building a new free society and a just economy. Therefore, each must decide for yourself alone and the price of bitcoin is irrelevant. The price is a bonus. The prize is freedom.
You are right. At the end of the day, we are solely responsible for our success and our failures. Sometimes, its the smallest decision that can change our life forever. Personally, i think it is worth trying in a way i dont spend all my money in bictoin. Invest only the amount you can afford to lose.
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Many believe that bitcoin has the potential to become the new currency and could replace the real money in the future and this poses big threat to the banks. It is because government and banks has no control over it. That's why they would limit this potential, like in some countries, they banned it. They would destroy it before it would destroy them.
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I guess, maybe in far future, but it is safe to say that it will never happen in our lifetime. Though bitcoin is very popular right now, but not all countries accepts bitcoin.
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As we see that bitcoin price is down since last three months but still not reaching to its highest level. Is bitcoin loose its popularity ?
I don't think so, it is simply too early to tell. There are still bitcoin die-hards like me, expecting the price will bounce back. As long as there are still enough support from the bitcoin community, bitcoin will forever stay. This is the next generation thing.
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Bitcoin can be lost or stolen and the best way to secure it is through wallets. Every wallet contains a set of private key, once private key are stolen, you would never see your bitcoins again. There are many different types of wallet, therefore, it is your responsibility to choose your wallet carefully and adopt good practices in order to protect your money. Besides losing private key, you could also lose your bitcoin by computer malfunctions, crashing a hard drive, hacking, or physically losing a computer where the wallet resides. It is very important that you do a regular back up with your wallets and store it in a multiple secure and reliable storage like usb, hard drive or cds.
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Bitcoin is the future of money, or so they say.
I would like to hear your opinions on Why should people use Bitcoin?
People should use bitcoin because it is one of the easiest way to quickly do international transfers and it is faster compared to other methods of payment as they only involve peer to peer and do not require authorization that is common with third parties. You have also the advantage of having total control of your transactions, therefore, you have complete freedom. The only disadvantage of using bitcoin is, it is easy to lose so you must be very careful while doing transactions. They can also be a form of investment because their value is continuously increasing.
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Bitcoin became the most popular among the other cryptocurrencies that has emerged, maybe because of its value that keeps increasing over time and it caught the attention of the media across the globe. Because of some people who invested in it earlier and gain huge profits, lots of people now are willing to gamble on it to get wealthy fast.
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I think all the people around the world who use and invest in bitcoins are the ones in control. When there is no one who value bitcoin it will became worthless.
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Considering that bitcoin is a digital currency, many retailers don't yet accept the bitcoin as payment method. While there are merchants accepts bitcoin, but none of the goods are priced in bitcoin. Maybe in the near future, when the bitcoin could become the global currency.
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Bitcoin is the evolution of existing currency. People are buying into bitcoin less to use as a currency and more as an investment hoping that bitcoin will continue to increase in value. It is, however, has the potential to reduce unemployment because anybody could earn income through bitcoin.
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Working hard means working deligently and dedicatedly, you have to put long hours into work, start early, and stay up late while working smart is working faster and more efficiently. To achieve a work-life balance, work smarter not harder, gain self awareness about your work style and you can find ways to work smarter.
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I guess men are more interested in the world of technology and they are more tech savvy. They are more engage with their internet for many online activities, but women now are catching up. When it comes to investments, women are simply more careful with money, that could explain their reluctance to invest in the volatile bitcoin currency.
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I am sure we touched the bottom today. so i am going to real Estate Dealer for selling my house and buy bitcoin. I suggest you all do that
I admire your courage for taking the shot. That's a very tough decision you made. I will just suggest you should be careful. Personally, if you ask me, i would not do that, i can't invest more than i can afford to lose. I might regret it in the end. I would rather sell my bitcoin and buy a house.
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If you tell your friends and family about Bitcoin without giving them any sort of in-depth financial advice and they go ahead and invest, how do you deal with it when the market dips very low and they silently blame you for losing them money.
It's their choice they join bitcoin so nobody is liable for the decisions they make. They are responsible for their own loses just as they are responsible with there gains. If bitcoin value crashes, nobody is held accountable.
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