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962
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Economy / Economics / Re: Bitcoin or gold?
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on: January 23, 2016, 04:39:03 PM
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BTC behind gold still being small it's one of the main reasons to take your chance and invest on it. I doubt gold will grow 20x times soon but BTC can do it.
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964
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Economy / Speculation / Re: How many bitcoins do I need to retire in 20 years?
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on: January 23, 2016, 04:22:55 PM
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If you want to make sure I would say get about 10 Bitcoins. This way even if it will only reach $10k I think you will have a nice retirement with those  10 BTC is good amount to hold if the value reaches to $10k but we are not sure what would be price of bitcoin in future so playing safe I believe 30 BTC can be a good amount to hold even if the value doesn't reaches to $10k mark, so if the value is around $5k then 30 BTC can take care of us during retirement. I agree with you the only problem is how easily can you get 30 coins. 10 is still hard to get but more achievable.. for now because it won't last long and I'm sure cheap coins will be over. |
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972
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Economy / Economics / Re: When do you buy Bitcoin ?
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on: January 22, 2016, 09:17:29 PM
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The best thing is to buy it when prices are lower; do not buy too much at once, buy in smaller quantities and do it especially when it's more affordable. You will save in the long run.
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977
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Other / Off-topic / Re: Worst mistake you did with Bitcoin?
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on: January 22, 2016, 08:10:47 PM
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Worst mistake I did is that I only found out about it in 2013. Don't ask me how I haven't earlier... I'm an average internet user - I just missed it. So it just happened and I missed the opportunity.
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978
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Bitcoin / Bitcoin Discussion / Re: Bitcoin issue
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on: January 22, 2016, 08:09:22 PM
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It's not a rocket science. People are not keen on spending bitcoins/altcoins, because they don't get any earnings in BTC/alts.
No income - no spending.
Buying BTC with fiat just to spend it, would require some solid incentive for the buyer.
this! If I could get paid for my regular work in Bitcoin then I would certainly spend it. Buying Bitcoin with fiat then spending it seems strange. Most people are probably hodling. Buying Bitcoin with fiat is still pretty difficult thing to do. And probably because it's not very easy people don't rush to spend it then. That could be a valid argument also. |
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979
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Bitcoin / Bitcoin Discussion / Re: paypal or bitcoin?
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on: January 22, 2016, 07:50:52 PM
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I believe both options are good right now and are used by many people. I just hope Bitcoin becomes more popular and reaches the same number of users Paypal has.
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