According to my perception you will never ever be rich if you are doing job,During job you have boundaries and low income you just fulfill your basic needs so i am also going to left my job and give full time to bitcoin and altcoins.
That is right a job cannot make people rich, from a job income one can only earn from hand to mouth. They fulfill their needs very difficulties, they even cannot fulfill their children and family wishes. I think that should also start a online business with their day job, it will surely help them to fulfill their needs and will surely spend a prosperous life. |
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Most people in this thread said that no one can control bitcoin's volatility. So, how can bitcoin be a main currency in the next time? It has high risk to hold much bitcoin. Or we can decided that it's a digital asset only till end of century?
Well bitcoin is an unstable currency and it is being use as currency even now, people are accepting bitcoin they are using it to buy all kind of good and it is very clear that bitcoin will be the next legal currency worldwide, nothing can make bitcoin down it use to grow and it will grow popularity of bitcoin is high even not just because it is high in price, bitcoin price use to grow high ad sometime it get down so it is very important to know the right time to be in bitcoin, rise and fall of bitcoin is quite natural so no need to be worry, about it, we will see bitcoin as legal currency just because it is very beneficial. Bitcoin is an unstable currency because of the demand and supply, actually bitcoin is a new currency. Demand for bitcoin is continuously increasing which is making bitcoin more volatile. In fact currently most of the people use bitcoin for trading purpose or holding it for long time for the price increase therefore we always see fluctuation in the price of bitcoin. |
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I do not think there is any controversial angles in these scenarios at all, if some Hackers are being smart using Bitcoin to perform series of Criminal activities on line, this is made easy through the carelessness of the Account /Wallets holder in one way or the other. So disposed to equally some probably Government fund swapped off on line . We can't transcend all these to be controversial because the value of Bitcoin however rises. Volatility nature of Bitcoin is a natural phenomenon and this should not be compromised.
In very beginning every business facing some problems, although bticoin is also facing such problems but in fact bitcoin is not controversial, dome stares and governments have some conflict with bitcoin , but i think that with the passage of time they will be totally clear about it. Hope that bitcoin will very soon become too much clear to everyone and everyone will start accepting bitcoin as legal currency. |
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Before I die, I want to be a successful person in the world of Cryptocurrency. I want to earn my living through the Cryptos and I know that it is not impossible with the Crypto world because many are already enjoying their lives because of the profit they got here. I want to have an stable life so that my family will have a stable life too.
Hopes and wishes never die. Every person want to fulfill all their duties and do something special for their family and children, i would like to have a good amount of bitcoin, so that after me my family may not face any financial problems and they can easily fulfill all their needs and requirements. |
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Bitcoin is a currency. Bitcoin is a solution to many problems. Bitcoin is bringing questions and new problems to this world.
Some people find this as a ride to boost your income, not specifically Bitcoin but also the whole crypto market.
I think it's a great thing! But what are you actually looking for? Bitcoin itself (the currency) might not be your solution.
If you want to "conquer" the world, you can't do it with Bitcoin. Like you can't conquer the world with the dollar itself.
You need to focus the technology. The blockchain along with it, bringing a new economy generation with freedom and decentralization.
It's something that should be written a new bible about in my opinion. Before you learn Bitcoin, learn economy. Once you master this skill, own Bitcoin as one of your cards.
I would like to hear some of your opinions and hear some smart words because I believe people think investing Bitcoin will make their life done financially but I honestly think it's not true.
We cannot say bitcoin as our main income because earnings from bitcoin is irregular. We cannot earn bitcoins regularly maybe it depends upon the situation if we have work or task to do in occasion to the project or maybe there has to be finish before the ICO starts so they need person to do that job. So as long as there is earning bitcoins I need to save it and hold because it is not for a lifetime job. Although i am getting a very good profit from bitcoin, it is solving most of my financial problems which were not possible from my day job, but still i do not think that bitcoin is my main income, in fact bitcoin income is not a fixed and permanent income, therefore we cannot consider it as our main income. i am a government teacher and therefore the income that i get from my job is my main income. |
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I just created this thread to gather opinions ..
Ethereum is next to BTC?
My answer is a big NO. Bitcoin is the king of all crypto. No coin can change it. Based on what I've read. The price of bitcoin will be triple before the end of the year. So bitcoin is still the king of all cryptocurrency. very honestly anything can happen, but if we study about the two we can come to the conclusion that bitcoin is the number crypto currency and will remain as number one currency for a long time. Although there are so many other crypto currencies which are still undervalue but they have good potential and can increase its price too much , but still i would like to say that not a single currency can overcome bitcoin for a long time. |
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I just relaized that even if the bitcoin price will rise upto $10.000, or even higher that that, still the fiat will not be worthless. Because there are other circumstances ang instances that fiat is still needed.
of course, until the cryptocurrency has become worldwide, fiat will remain useful...maybe some will stop using it or they will use it less...but it won't go away from everyone's life To me i think that even if bitcoin become worldwide, fiat will remain useful, because in most of the backward countries people still do not have knowledge about computer and internet, they even do not have access to internet, even in some places people do not have the facilities of using internet, therefore i think that it will take a lot of time. |
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I did not know my limits and i hodl my coins too much and i lost 3/2 of them in dollars value. I hope i will get back what i lost and more of them when crypto become more and more usefull.
If you do not know your limit, then there are more chances that you will lose a lot of your money, because investing money in any business having no limit and proper planning is too much risky, if you want to make money from trading you must have a limit and good strategy for trading or investment. |
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I think Bitcoin is really safe. However we must take our own safety precautions. We must carefully protect our private key and make our personal knowledge safer. Internet is a place where there are a lot of problems for safety.
Yes that is right everyone need to be be careful about their wallets where they are keeping their bitcoin, if a person is holding bitcoin in online wallet then he need to distribute his bitcoin in different wallet so that hacker may not able to take all his money in same time, in fact hackers are always active to hack the accounts. |
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panic selling is usually caused by an event that is not expected by the investor. it sparked investor fears and led to a massive sell-off, followed by frightened retailers and selling stocks that resulted in sharp drop prices accompanied by enormous volumes. market crashes are usually caused by panic selling action. I think this is the panic that makes the market stronger because of new opportunities after the panic has started to give special coins to wake up.
Investors never like panic selling, even those who are waiting for the price decrease, in fact investors mostly wait for the time when the market take a correction and the price comes down a little but we always hope that the market will recover its position very soon, when the market crash then investors feel reluctant to invest money there. |
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Bitcoin users' population is still a little bit low even though we see so many investors. The number of population matters because when there are certain changes about bitcoin, whether a country banned bitcoin or an artist starts to commercialize it, it will make a drastic change in its demand and thus, will make bitcoin's price skyrocket or dump depending on the situation.
The reason why bitcoin value is volatile because some of investor cash out their investment. Volatility is normal in bitcoin, there are different reason affects it, I already mentioned earlier other reason is that lack of popularity and investor. Actually bitcoin is currently becoming more popular, and therefore people are joining the world of bitcoin which is in fact increasing the demand of bitcoin, on other side the old investors who get some profit from it they try to book the price and try to sell their bitcoin and so the supply increases and thus the price decrease and i think that this will continue for a long time because still a lot of people have o join the world of bitcoin. |
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Yes i tink only the inexperienced people can do so, otherwise all the people try their best to buy at low price and then sell it at high. Some time people try go with rally and they do buying even at high price, but later on the price get a correction and start decreasing, such people get panic and then try to sell even at low price. |
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probably not anymore,
for me the bitcoin is special because the price fluctuations change significantly. So if the price is stable, bitcoin will leave a continuing weakness to date, namely the legality of each country. People will feel free with fiat money that is clearly legal in any country and no worries during a visit abroad
To me i think that when bitcoin price will become stable then it will be use for most of the people for different purposes, currently most of the people are not using bitcoin because of the its volatile in its price, but in future i think we can expect that when bitcoin price will become able then even the local shopkeepers will like to start accepting bitcoin as for shopping. |
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Too bad I was not able to convert some of my bitcoins last December. But I am still happy and just holding them. Some of it I already converted into altcoins. I plan to have land based business this year. I am patiently waiting for the market to fully recover.
That is good if you can wait for some time. because the price is expected to increase, and hopefully you will see the price trading above the previous all time high price of bitcoin. Those people who have patient and can hold their bitcoin for some more time i am sure that they will really get a very good profit from bitcoin because of the increasing price of bitcoin. |
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Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
Bitcoin is volatile because there's no one controling it. It is decentralized meaning the government has no power over it same with any other organization. It has no stable value because it is rotating through blockchain technology and there's no definite assurance that it will always be in demand. You can benefit from the volatility of bitcoin wherein as the value pumps up, your profit will rise with it together but it can also happen in reverse. Yes bitcoin is volatile because of its nature and having no control by anyone, Everyone is free to buy or sell bitcoin at any time. The increasing interest of the people also make bitcoin more volatiles. Bitcoin will remain as volatile because for a long time because still much more people have to accept bitcoin. |
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It was done now and this is reality we are in now? I dunno.  Everybody can own bitcoin because the price of it is not yet stable. Unlike gold their are several people only can own gold just like rich people or most influenced people. Bitcoin cant defeat gold but it can level the value of gold. Gold is not only use for holding purpose, but people also use gold for making jewelery which not only use the rich people but even the poor people have the trend to use jewelery. On other side holding gold is better for saving our money because of the stable price of gold, while only the investors will like to invest money in bitcoin as they can get good profit from there. |
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Yes bitcoin is our income now, many of us will work for bitcoin to get income from there. You can get many sources just to get income. But you will get it after the date of distribution.
Yes so many people are getting income from bitcoin through different ways, but still i think that most of the people are not taking consider it as their main income. In fact people have their day job or a stable business for their main income, while they consider bitcoin as their part time job or business and the income that the get from bitcoin consider it as a secondary income. |
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The future should be thought of, if you do not think about the future then your future will be bleak. At least you should have a plan for the future goal, with us thinking about the future we will prepare everything from now on. I personally do not think like that, with me storing a btc on my wallet and all the incoming access I give later, I think it's enough for my son to have savings for his life in the future.
Every person may think about their future, specially when people become mature. For bright future it it too much important that we may have good planning for that, because without planning and aiming our life can be consider as useless. The successful people always plained their activities and spend their life according to what have planned. |
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Bitcoin is going to be number one payment gateway in near future.Most of the online payment gateway will accept bitcoin as main payment option.
Well that's what Satoshi's vision was, that bitcoin to be used as a micro-payment scheme, sadly though, it has become just a store of wealth or as a form of investment and currently the whole scaling issue is still up in the air (although fees drop signficantly and the network spammer has stopped). Maybe in LN would have been implemented, and it brings fees and network congestion to a minimum, then maybe we can see bitcoin being used as mode of payment in the future. Bitcoin is in its early stage, i think it will take a little more time to achieve its goal for which it has been created. Currently in few area people have the facility to use bitcoin for shopping online or in their local area. Although in some area people are using bitcoin for shopping in their store, but still majority of people do not know anything about bitcoin therefore they first need to get awareness about bitcoin and hope that then they will start taking interest in bitcoin. |
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for now the miners will not stop, they certainly have a way to minimize losses.
and I'm sure, even though bitcoin prices are plummeting as they do today, they can still benefit from mining.
they will stop mining if bitcoin has run out. and nothing else can be mining
Although their profit may decreased as new minors have installed their setup and because of the decreasing number of bitcoin left to mine, but still they will continue mining because they have invested a big amount of money for mining setup, that is also a fact that they will use different method to minimize their electricity cost. |
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