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Price of bitcoin shows the value of bitcoin if the price of bitcoin is very low it's not attractive for people to buy 1k bitcoins and only have a euro worth. If the value is high it's more attractive for users and investors.
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If I own 21 btc I will invest alot of this money. But alot of the bitcoin I'd put on my blockchain and leave it there to grow in value instead.
Growing in value is a pretty safe move with bitcoin since it's only getting bigger not smaller.
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Bitcoin has no competition indeed it's existing for quite a while now and build up a nice foundation. For bitcoin to die or to be hurt there has to be a very big other currency I think bitcoin can actually take over fiat even in the future.
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If you have a very small amount then the best way is to either get more bitcoin by buying or by trading the cheapest alt coins you can find.
Any other option is invalid, you could also try to earn some bitcoin without investing your own ofcourse.
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It is a way to make money but IMO at the moment not a good way unless you have years to wait. Investing in bitocoin takes so much time. Before your wallet grows bitcoin has to grow bigger and this is out of your hands. But overall if you invest and hold it down 3+ years then you'll see profit for sure.
Well I don't agree I do think it's a very very good method. What's better than just saving up and then waiting a few years to get great profit? It's a on the side thing all you do is put in money and keep an eye on the prices. |
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Sometimes I sell some products or services for bitcoin. You can sell anything for bitcoin really you just have to find a buyer which uses bitcoin.
I wish they would accept it for uber for example, then those uber cabs could accept it and we make bitcoin go more round and round.
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What you can do about this is exactly nothing so it kinda stinks. You could use other services but there's not really a place like ebay anymore.
Paypal is shitty though and easy to replace I'd advice everyone to choose another web payment over paypal.
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I think it's actually possible when everything's done digitally. When every transaction of every penny is done through bitcoin and nothing else. Every fiat has to be converted into bitcoin and bitcoin will surely have a stable value. It's too far fetched as of today though to confirm that this will happen in the future. If we try to convert all fiat money into bitcoin today, people will just do a protest as the majority of people don't even know what bitcoin is.
Yes I agree with you. Bitcoin is not yet popular to other people as a money. Even our father or mother and grandparents would have never heard of about the bitcoin. In the future maybe as everything now is possible through technology. It would be more safe and comfortable having bitcoin as our money. Indeed bitcoin is still new and still need a good development in order to have a stable price. But it will not make bitcoin replace the money. Money will continue to get the heart in the community and money is legal tender and can be done directly. While bitcoin is growing bitcoin crypto although later it is only crypto. We will see many users getting into bitcoins in future but that doesn't mean they will stop using fiat currency as its a basic necessity of everyone and people will prefer to use both. I don't think this is entirely true. If bitcoin does everything better than fiat then what is the motivation to keep fiat in the game? That's just extra administration and hassle for no reason if you can just go all in bitcoin instead of splitting up. |
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Bitcoin affects life only a little bit for me like I use my time differently now by trading alot etc but for some people it affects life alot.
There was one guy who sold his house for bitcoin which is cool but kinda risky he made alot of profit though in the end.
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Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.
Indeed but do you think banks would allow it to happen though. Banks run the world they have immense power especially the rotschild family. Bitcoin would be banned everywhere before it could get close enough to destorying fiat and banks. |
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I wish I did but I haven't been part of actually buying bitcoin for a while though. I wish I joined sooner like in 2011 already when bitcoin was 2$ per coin that would be amazing. But maybe we will still get good chances to make money.
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Amazon will most likely be accepting bitcoin in the near future even steam is accepting it right now so it will join in the hype.
I'm not sure if ebay does already but I believe not but then ebay will also follow up sooner or later and then it will get more known globally.
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yes it will affect forum market lots of people having spare codes and earning game items will wnt to sell for bitcoin and alot of them will be on forums like these cause this is one of the biggest ones so yes i think so also i willl participate in this.
Indeed they will start selling ingame items too etc but I don't think it will happen on this forum so often cause I think steam already accepts it nowadays but it hasn't really changed the forum a whole lot if you ask me. |
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I buy bitcoin whenever I want to invest more. When prices are low for example or when prices are quite stable and rising then I tend to buy bitcoin and leave them as it is as an investment.
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I wonder what these people do the whole day in the world of bitcoin if they give up their dayjob for bitcoin. What can you do for so long that makes profit? I wouldn't be able to fill my 8hr day with just bitcoin related stuff.
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It's depend. If my salary received in US Dollar but can exchange it into bitcoin, maybe i want try to receive my salary into bitcoin. So, i can select my salary in USD or in BTC.
I would'nt like to receive my salary in bitcoin because your salary is what you pay the bills with i suppose and if you want to convert bitcoin back then that costs alot of money too. But have you thought about the risk that it can take. You can lose one month of a salary if ever a big fall happen. If it doesnt go so down it will be a big lost. Indeed but I would love to receive bitcoin in salary though still. It's a big risk I take but can potentially earn you tons of money if all happens right so I think I would take this risk. |
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The big problem using bitcoin is actually to use it cause it's difficult to use when nobody is accepting it we have to get it more known and accepted globally so we can use it in more then just one place.
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Trading is very unpredictable. Sometimes you think you have a trade in the pocket but then prices start being nonsense again.
Trading requires as much luck as skill I don't care what anybody says this is very true you can be super skilled but still unlucky as hell.
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Yes I put all my money into bitcoin cause in my opinion bitcoin is pretty safe always managing to retain value and go back up after a bad month.
I can't say I'm not worried though cause anything can happen but I just see it as a ballsy move that can payout alot in the future.
Your very tough for doing that cause that's super risky. I put only 10% of my money into bitcoin cause I'm scared once it will just dissapear like it never existed. And when that moment would come I wouldn't want all my money to be invested into one source. |
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I sometime use ebay aswell but like you said alot of money goes to their fees which is a bummer but in some way right too since you use their service.
But paypal is the biggest scam, pay fees to transfer money which doesn't cost fees just so they can make money off your wallet.
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