many of my friends did not work but a lot of money away was great when compared, to me that is still working in the factory, I was confused from where producer obtained from bitcoin?
Bitcoin is a revolutionary currency created by satoshi.It has high potential and due to its recognition among investors,it has gained great value today.So even if you get 0.01 btc as earning either by doing some work or by trade,it equals to around $24 today.Thats the secret due to which your friends earning becomes more than your earning despite of hard work in the factory. |
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You could write down your private keys in a paper and store it in a locker and inform them to take it and access your account after your death.If your health is at critical stage and you want to take immediate action,then you could just sell your bitcoins since bitcoin price is good now and buy a property in their name and give it to them.
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I can confirm that I received payment today for this week's posts. Thank you, I appreciate it.
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Like many powerful currencies in the past, USD may fall to ground too, my question is will that effect BTC value? Or is it independent of all other real world or non digital currencies of the world?
We could see that already more people are switching from USD to bitcoins.If USD falls,then more people would leave USD and start buying bitcoins.It would increase the demand for bitcoins and bitcoin price would go more higher.If such situation continues,then more countries would start to accept bitcoins as medium of exchange instead of USD. |
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After the events of last week.
I was making this suggestion to some folks yesterday, but they claimed that bitcoin is too small. Does it matter?
It has been estimated that bitcoin would be the sixth largest reserve currency in the world in 2030.But for bitcoin to become the strongest currency,it would take more time.Now USD continues to be the strongest currency as it has been universally accepted.Its because USD has been in the market for more than 80 years and bitcoin has just crossed its initial eight years. |
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Definitely,the price of bitcoin matters.More people would come to invest in it when its price rises.Similarly,when its price falls down,more people would quit.Most of the people invest in bitcoins only to earn profits.Only some people would be bitcoin enthusiasts who would continue to celebrate bitcoin even if its price is low.
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It depends on how much bitcoins you initially invest.Earning 1000 btc is a very difficult task nowadays since bitcoin is no more cheap like before.To achieve that target,you have to be a big whale who could invest huge amount in btc.But if you invest a little amount and expect such big figures,then its hardly impossible.
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Yes,it has been already been proved many times that holding bitcoins for a long time will be profitable.For example,if you had 1 bitcoin in your wallet in december 2016 when its price was $850,by now within six months you would have earned around $1750 for just one bitcoin.Holding it for long time is always profitable.
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Yes,bitcoin price is recovering quickly.Not only,the above mentioned reasons are responsible for price rise,but also india suddenly showing green flag to legalize bitcoin.India being the second largest populated country in the world would definitely contribute more for bitcoin progress.India accepting to legalize bitcoins has definitely added fuel to the fire.
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What are the features that a good investor should have? What are the characteristics of people who have enough capital and earn money from money?
What are the factors that make these people successful in their investments?
They never get panic.They don't follow the markets blindly.They do their own research about coins an then only invest.Their success mainly lies in tracing out the most under value coin.They don't do frequent trades like newbies.They do just two or three traes a month and earn even more than newbies who do thirty or more trades a month. |
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At present stage,no altcoin has the potential to replace bitcoin.At first,it was expected that Ethereum,monero,Zcash could replace bitcoin as they promised to deliver certain features like anonymity which is not found in bitcoin.But all such huge expectations went in vain.They all turned out to be just pump and dump coins.WE could expect for some more years bitcoin to continue as king of crypto coins.
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Well,thats not a ba idea.It is definitely possible to double your bitcoins in six months by storing it since bitcoin price has almost tripled in the last six months.But instead of keeping it idle,if you invest it in a goo altcoin,you could get good returns.But trading is very risky.Those who don't want to take risks,it would be better for them to just store their bitcoins in their wallet itself.
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Hiding cash under your bed or gold bar also tax evasion which is illegal, if government really regulate and taxed bitcoin it is better just report and pay the tax, it is possible to hide bitcoin but when you want to change it to fiat or spend it the government will know about it
Yes,unless you keep your bitcoins with you,you are safe and government will not be able to know about your holdings.But when you convert it into cash,then you come under the radar o government and you are accountable for your bitcoin earnings. |
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Many posts discuss the possibility of exchange earnings with selling Bitcoin (and buy later). Other posts discuss the Bitcoin exchange rate, it seems that many agree there is a strong upward tendency and the volatility is hard to predict. It seems dat selling Bitcoin results in a serious probability of an opportunity loss. Selling Bitcoin can only be motivated by an (partial) exit. Do you agree?
Bitcoin is volatile in nature.So its natural for any one to believe that they could not expect bitcoin price to continuously increase and so they may decide to sell.But observing today's market situation,we could know that mass adoption of bitcoin is taking place and bitcoin price is continuously increasing due to ever growing demand.So holding bitcoins instead of selling is a wise decision. |
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I have an idea for a website that will attract many visitors.
I will need to put a lot of effort to build it,
but then it will run (almost) by itself.
What will be the best way to convert it to some passive income?
Advertising? Affiliates? VIP registration?
How much should I expect to earn from it?
You can apply to google's adsense after some time after you create your website.You would ge income monthly as per the clicks on such ads.Or else,you could join any affiliate programs to promote websites like ebay,etc and earn income.But you need high traffic to your website to get more income. |
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I have not really bought any bitcoin in a while, i have been mostly trading this last year. but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge. they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on. this is seriously restrictive to anyone wanting to get into bitcoin, like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off.  Yes,some of members for selling or buying their bitcoins,they request KYC to find the identity of customer.They might have been asked by respective governments to follow such strict measures to avoid money laundering and illegal activities. |
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first of all most merchants conver bitcoin that they receive to fiat right away at that current price. you can check out Bitpay and see how easy and fast it is for them to do this.
also the fluctuation is still here because everything is small. when you can go on an exchange and dump some bitcoin and price comes down, that means it is small. and the opposite is also true, with a big buy price goes up easy!
and this can only change with time. the exchanges need to become bigger.
Yes,if the merchants think that they would suffer due to fluctuations,then they could immediately convert their bitcoins into fiat to avoid such losses.But after they had converted their bitcoins into fiat,if bitcoin price rises,they would feel a little for losing that price rise. |
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It seems to me that the current situation on the financial market shows the situation of Bitcoin and what will be its future. Despite the fact that we can observe some fluctuations in the price of bitcoin down, still this trend will change for the better and Bitcoin will grow more and more. Perhaps the end of the year we will really be able to see the border crossing of 3000 dollars for 1 Bitcoin.
I totally agree with that and it's even possible that we ban breach the 3k barrier way before this year ends. By the end of 2016, going beyond 2k or 2.5k is a decent target and we've all see how at one point btc exceeded 2.6k for a time. So i think nows a time to really believe in btc. Yeah, the people who are just staying away because of the decentralization and the volatility could now believe in the bitcoin. It has given the necessary trust as well most of the services rendered through bitcoin too has got legal regulations. Right now the price fluctuations which on a short time recovering even after fall is the way it can prove that it's a potential cryptocurrency. Hope this year brings very big adoption into bitcoin. Yes,mass adoption of bitcoins is taking place after japan legalized bitcoins and south korea also joining the rally.Even India too has recently shown green flag to bitcoin.Bitcoin would cross $3,500 by this year end.It would continue to go in bullish trend. |
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I would like to know if anyone of you earns 0.1 BTC per week or even more? Is this possible and what is best way to earn it? Your experiences, suggestions and advices are very welcomed.
You could earn 0.1 btc or more than that by investing in a good altcoin and trading.But you should invest to earn.For earning without investing,you can join signature campaign and earn around 0.035 btc per week in some high paying campaigns. |
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Bitcoin fees have become too big now for day to day smaller transactions. I paid over ten dollars for a five hundred dollar value transaction and it took also twnety four hours plus to get through to the other side. So Bitcoin is only best used for bigger transactions in my view that is.
I too remember a day when i had to pay my friend urgently.I sent bitcoin from my wallet hoping that it would be confirmed within one hour.But i forgot to change my transaction fee in the wallet manually.It took around two weeks for me to receive that bitcoins in my localbitcoins account.It was a terrible experience. |
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