That is astounding news for Australia. They can just granny amount money they want online in the form of bitcoins plus no taxes. That just makes them more profitable person on the earth. They can save any amount of money online from now to keep their families future safe and sound. I am guessing they will break the boundaries of economical system as the government itself taking part into the bitcoin as currency. They might implement more sophisticated system to use it smoothly within the country as well as for trading in rest of the world. Who knows bitcoin might just raise their economy and Australian dollars' value may raise too as rest of the world will be investing in bitcoins and indirectly pumping their dollar value per se.  |
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Greetings, I was very excited to learn about the Bitcoin currency several months ago, and I am very pleased to see it growing. I am part of an organization called the Zeitgeist Movement, who advocates a resource based economy. We are interested in seeing a radical redesign of society and an associated shift in values. We understand that the major cause of human suffering today is the current monetary system and the warped values and corrupt behavior inherent in its implementation. We know that we can provide food, water, shelter and a highly technological life style to every one on the planet if we chose to do so. What generally prevents us from doing so is the idea of money, which paralyzes us as a society, in terms of technological advancement, quality of education and healthcare, and a sick culture that encourages us to be competitive and cruel to our fellow human beings. Knowing and understanding the underlying mechanics of a monetary system is fundamental to not being abused by it. Currently, the vast majority of people are unaware of the destructive and unfair nature of our current fractional reserve banking system, and that makes them vulnerable to all the abuses we see today. Poverty, war, crime and hunger are the result of inequitable economic practices, and will not significantly change until we end or significantly alter our subservience to this and associated institutions. I believe Bitcoin would make for an ideal transition currency until a full RBE can be implemented. An RBE is basically the realization that there are no arbitrary restrictions on reality. Being bound to the imaginary rules of a monetary game, we limit how much we can accomplish and provide for each other. If we declared all of the earth's resources as common heritage for all the world's people, and used the methods of science to construct and provide all of life's necessities for all people, then there would be considerable reduction in hunger, crime, war and poverty, not to mention unnecessary suffering due to lack of access of medical care or inadequate educational opportunities. If people were given all that were necessary to survive, they could devote themselves to the benefit of all man kind. These would be the values of a resource based economy, not the competitive and acquisitive value based behavior we see today. I encourage you to learn more about these ideas if they interest you. I hope to support the bitcoin system as long as I am able, and I hope to see it become a dominant and thriving ecosystem in the months and years to come. Thank you for your time and attention. That is a good awareness campaign you have started about bitcoins economy. Yes it is true that money is always cross functional thing when we have to look after ourselves in terms of healthcare and education. Many of them don't even get it properly due money problems. Reserve banks are devil of this field or may I say villain who does not really care about common peoples. I think bitcoin may help us in another way like not being regulated by RBI delegates. Because if they do start regulating it then it will be just another currency with capped limit of transaction and not friendly to use. So it would be reacting of all the stuff that we just discussed here. I hope your organisation will find a way to make it more aware and help make stronger economical system in coming future.  |
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If you really have lots of money then invest it into bitcoins. Or if you have more than just investment then try to set up mining farm. It is difficult these days but very profitable as you can see the price of bitcoins are growing day by day. So that price will get you lots of profit even though you solve few blockchains in short period of time. Bitcoin seems to be opportunity for investment. Gold is capped at some point so it is not that worthy investing in it. Banks are devils and get you stocked with your very one money with their penny interests. So final conclusion is to invest in bitcoins.  |
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Trading is all about experience and knowledge about the world of trade market. The thing is trading is not successful without your own personal instincts and predictions that help you to take right decisions at right time. You have lost your 0.007 btw because you randomly invested it in trade platform (that is guess as you newbie). The main cause, not knowing the market properly. If you really want to go for trading then start reading about trade signals, best timings to trade and best commodity to invest in. These are popular mantra's and if you are lazy enough to learn then you can't trade really. So start reading and trading on trail/demo platforms first to gain hands on markets. |
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If you have searched over forum then you might find people saying you keep that money in the form of bitcoin on your digital wallet. Well, I am also believer of that statement this is because it is easiest and safest investment with that much less money ($50). Take this, today 1 BTC = $ 1700 with that calculation you have got 0.029 bitcoins. The market situation currently says it will grow in its value a lot, like it can reach $ 2500 by the end of 2017 year. If that is the case then your $ 50 will turn into 0.045 something like that. Thats doubling of your bitcoins easily without really doing anything. :-)
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darthmaul, accepted. Good luck!
Thanks a lot. |
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Username: darthmaul
Rank: Full Member
Starting post count:364 + 1
FootballCoin Username: darthnaulXFC
Note: Avatar Also Updated
I have updated the signature. Let me in please. Thank you.
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Maybe you can just store bitcoin and wait until hit the right spot in coming future. As you can see it is growing day by day without a glitch. Other ways are faulty and can not be implemented for growing your bitcoins. The good way I personally see is to save these bits for longer time.
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So today is the remarkable day for Indian Economy.
Indian Stock Exchange closed at all time high 30,135, first time 30k+. Moreover, Bitcoin crossed $1400 in domestic market of India.
So how you all guess Indian Economy in coming future. Is it going to be the new super power on international frontier? Does India seeing its best government ever?
Waiting for views....
I am hoping that India will keep doing the remarkable work on economy at all times. This will give exposure to other currencies and commodity into Indian market leading to more stronger economy. If it does happens then people out their might give preference to use of digital currencies slowly invading into crypto future.  Like that way governments will realise that what is exactly popular and what to implement in it. |
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Be aware with the buy low sell high tips which is actually very risky. I have experienced that with myself. Recently I traded two alt coins that is AL and TRICK which I bought at 1 BTC = AL 0.0000027 and 1 BTC = TRICK 0.0004700. I thought, (well) that was the lowest they had in few weeks of period. With that price I crossed my fingers for next week and if you go and check the price of theses coins today then are AL at 0.0000001 and TRICK is at 0.00000110. That is the heaviest loss I ever had.  So, it is not just about buying and selling at low/high it is more than that. You have to learn how the market moves, who is stronger candidate in the market. That is the way to ride this beauty with beast.  |
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I think all the options you chosen seems to be risky. It is just about your luck and key learnings about the market situation. Altcoins move dangerously, agreed to that but if you seek for good market capturing ways then you can excel there as well. Trading forex is similarly risky for you if you think alt coins is no more your choice. Im thinking you should go with metal investment where you will atlas have some solid proof. You saying you don't know how to do it so you can hire an agent available as expert advice with few percentage of commission but sure profit challenge. There are lots of services in real world where you can invest for your real investment (rather than virtual) and get some knowledge about it. |
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You can have it for your future. Keep it for your retirement. And honestly saying you can grow it into two if you keep it for at least 2 to 3 years more onto your wallet. Im pretty sure you have earned it from legal source so you can reinvest it into a small business that can give you long and sustainable income for you and your family. Tip: Don't go for gambling and trading stuff with that much of money. You can put into mining for instance if you really want to do something related to bitcoins. That way your one of the hand will give you long term access to bitcoins. And also one question from my side, how did you really got those 12 BTC. |
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That is really helpful post to know about bitcoin friendly banks. Wondering when this will be implemented in to my country. It is chaos though ; handling bitcoin and regulating it is not easy for developing countries as they have to solve their own mess first. |
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It also has to do with the halving rewards. As the halving rewards get cut, holding 21 BTC becomes harder. I think when you hold 2 times the halving reward, you will start feeling that you are wealthier as the price adjusts.
So next halving reward is 6 BTC, have at least 12 BTC and you will be on a good track.
But 21 is the way to go, so you guarantee you are in the 1 million club for life.
I am pretty sure it is way harder to hold that much btc by anyone person. one million club must be a dream of many people in the world. How does halving reward really works ? |
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Maybe that is just the way rules and regulations works. Ha ha. I'm real world it would be chaos to accept things like bitcoin as handy as chocolate from shopkeeper. You can have as much as you want and whenever you want by paying for it. It costs money for dollars to print and it cost zero money for bitcoins as it is virtual. The maintenance is almost nothing for its value today. Maybe bitcoin is not that easy I'm real world yet. Everybody will have their bank and if it happens then what to regulate and how to regulate the market. |
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I usually prefer bitcoins trading with altcoin in exchange market. Some of the exchanger sites gives you best insight of what market will be like I'm coming future. I usually buy bitcoins at low prices and then only go for altcoin exchanges. This gives me bigger windows of profits firstly by buying at low price (that's from reducing/covering fees) and secondly going higher on the charts i can buy more amount of altcoin. Well over all this is my strategy and this is what works with others too. Hence people are more into trading and investment of bitcoins.
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That is just amazing thing to know. So many of us are taking it really serious matter of fact. Bitcoin would get more popular like this if it is being used in commercial trades. Also, it will gain more value in he near future. That is really nice thought for those movers who buying that project in the form of bitcoins. If it is liked by others then there might be craze of selling and buying in terms of bitcoins. Liked it very much. Thanks for sharing. |
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Adopting bitcoin is possible? Have read it correctly. I guess it would take a lot and lots of hard work and most importantly centralisation of bitcoins. If xyz country adopts bitcoin then they are going to regulate it and ultimately rest of the world will have to follow those regulations otherwise there won't be any meaning. If not, then just imagine I will own a currency of other country which may be crime as if I'm holding my money in the form of black money or performing acts of money laundering. May be I have fetched it a way lot but that is what it make sense to me.
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The answers here are laughable. It just shows that almost everyone here talks a lot without knowing a lot about the subject. This is the age of Google people. An easy search will bring you the right answer.
Right now it would be stupid to use range trading as a strategy because BTC is starting to trend lower and lower. It can only be applied if something is trading sideways.
the laughable part is that you either don't know what the words "trend lower and lower" means or you were too lazy to check the price before making this comment. or it is possible that you though if you say this, your comment can have an effect on the trend and reverse it so you can get in since you missed the train since price was already about $86 higher than the bottom!  You had a good study of both the poster and the price chart. That is really nice to have you studying the price trend so closely. I'm guessing that's virtual platform you use to trade? |
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