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The price of bitcoin matters because it shows the true value of bitcoin and how it is going with the bitcoin cause imagine seeing a price of 100$ a coin suddenly then you know it's bad news since it dropped that much. The price will represent the grade of success its at.
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Bitcoin won't die anytime soon I believe but I think it has the potential to die out later because for sure now cryptocurrencies sparked more creativity in people which will lead to something even more great than bitcoin which will take over the markets again. I think that will be the downfall of btc.
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Quitting it now will not be that bad and this because the value of Bitcoin is now rising to a considerable level, so you can keep the focus on the right moment, to then sell it so that is perfect. But the bad news is that you never know what the price will realy be of the Bitcoin in the future and that is considerably risky.
Indeed but quitting is kinda bad in a way that you waste the knowledge gained and time spent in trading. But at the other side it's good cause it gives room for different stuff to do like maybe start investing in casinos etc etc. |
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You can grow your bitcoin in a lot of different kind of ways. For example by trading cryptocurrency which is difficult to do but yields amazing profits.
Easy to do stuff is usually found in services like signature campaigns and translating jobs, you can earn quite nice with those aswell just not as much.
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Good choice to invest in bitcoin cause bitcoin can make you rich over time, if you ever invest always try to pump as much fiat into bitcoin as you can.
Next halving is 2020 if you hold till then you'll make tons of profit for sure at that time since prices always go high after an halving.
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I think the craziest shit you can buy with BTC is some of the ShitCoins  Yeah that's for sure, if you want just to have fun but not with gambling then probably you will buy with that nonsense coins. I don't know why people are still developing some of that coins without a good team and developer on it. There are many crazy things that you can buy some Bitcoin and that is because you also can see that the value is going to be more worth so people are making it more acceptable. And that is nice of course for the currency itself but it is still hard to know what the value will bring us, but you can even buy some sex stuff etc. Indeed there are a lot of crazy things you can buy with the bitcoin, the weirdest and craziest things are for me the fact that you can buy poop and drugs/guns. I really consider this as a problem. Haha poop who buys poop?! there's alot of interesting stuff on darkmarketplaces that you should check out if you are curious. I was curious too and checked it out via tor, there's alot of crazy stuff indeed which you just have to scroll trough with your own eyes. |
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My guess or estimate would be that bitcoin will be worth about 2k in 2017. I believe this cause 2017 will be a very strong year compared to 2016 for the coin.
2016 was very weak and 2017 is the catchup year where we could essentially reach 5k by the end of 2017 I will be watching prices very closely.
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The price of bitcoin being too stable can have multiple causes for example if people don't invest so don't buy bitcoin then the demand goes down.
When demand is low then price is either stable or it will go down depending on how low the demand is. So for higher prices we need a higher demand of bitcoin.
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I would like to invest money in both, as both may bring great benefits. We cannot be sure about which one can be more profitable in the future, so I think it's better to invest some money in each of them, to diversify the portfolio.
you are right that invest in both and i think both are safest investment but bitcoin increasing its price too much faster than gold and bitcoin is very useful and beneficial and we can use bitcoin in everywhere for shopping so we can use it as currency . Bitcoin has been very successful this year and you cannot see a legitimate investment that can easily increase its value in short period of time, bitcoin did that and we have increase substantially this year. Indeed bitcoin has a lot of potential to increase in value unlike gold. Gold is too stable for my cup of tea. Don't get my wrong if i ever need to put away money safe I'd do it in gold but for the time being my goal is to make more money which gold couldn't offer. |
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I don't earn that much per day cause I am not actively trying at the moment i just earn some from forum campaigns.
Forum campaigns are amazing though if you don't like to do too much effort and just want to be part of the community.
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I am spending it, but I don't really rely on it to buy things that I need.. if I could buy things with fiat and from my salary, then I don't move my coins, but there are things that I need to buy such as mobile load, that way I am spending my bitcoin as it is easier and convenient, no need to go out..
Im not like that I don't really spend it just because my main goal is to safe as many coins as I possibly can. So if I'd spend it it would be counterproductive which I don't want to be because I need many coins for the future when prices go higher. |
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Growing your btc is quite easy with all the options that are thrown at you. You can do some trading after reading alot about it cause it's quite difficult.
Or you could check out which services you could provide and do them for bitcoin.
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Borrow only that which you can return if you are not sure what your reason for borrowing is then there's no point in doing so. If your purpose is clear and you have a game plan that will yield you enough earnings to cover the costs then go ahead.
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I usually earn less than 0.005btc per day sometimes my weekly earnings was not until 0.02btc, my income only from signature campaign and i'm not have much time to active.
That is a nice income for purely using forum signature campaigns. My income is about double of that mostly and I trade a little bit on the side. Sometimes I do some services and then ofcourse my income will be higher than that. |
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If bitcoin rose to 1M I would sell them all instantly which I have just to be sure, once I sold them all I'd invest in buying a house and invest in gold to put my fortune safe.
I would have enough to be rich the rest of my life and never have to wake up early again.
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Holding bitcoin a long time is one of the best ways to make profit on bitcoin cause it's value keeps increasing and the potential is very high.
So the price has the chance to reach high is all goes right, having alot of bitcoins ready will give you alot of profit eventually.
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It is very bad questions as there is no correct answer at all, since one day trader can earn 500$ and other day he can lose 400$ or even more, since trading is very unpredictable as you can't control price jumps.
But usually if you are a good trader, you can earn at least 200$ a month(with good capital of course) as older traders avoids dumb mistakes since they have more experience.
Indeed but 200$ a month is nothing to earn from trading especially not with good capital. The better values are 2-3 bitcoin a month easily if you know what you are doing. Making 200$ a month for that big of an time investment is not worth it if you ask me would rather work full time and earn 8 x that value. |
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I would like to buy anything I could buy with fiat too actually why should I be limited in what I can buy if I am paying with money.
Doesn't matter which currency if it's valuable it should be accepted but ofcourse we can't force anything on anyone it's just very annoying.
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Not sure if amazon will be accepting bitcoin in the future because bitcoin does not provide chargebacks which is kind of a requirement for amazon customer protection.
But we might see it happen in the future anyways with some kind of middle man service where amazon receives the money first.
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I think this prediction is too optimistic.
Lots of miracles shoul happen in cryptoworld, plus lots of nightmares shoul happen in financial world to see this.
Not impossible but highly unlikely for short term.
Indeed way too optimistic lol it would never ever even reach 5k if you ask me so for him to say 100k to a million is way impossible and too enthusiastic. We should look out for prices like 1k, that's the next goal to hit stable. |
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