By investing,you could get small profits and you would have to wait until the maturity period to get back your invested money.But,in trading,you can start with even a low amount.In trading,you can change your decisions frequently as per the market conditions.In trading,you could get more profits than investing.trading is risky.But with prior experience and by following correct strategies,you could get good profits.
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Earlier,mining was found to be the best source for earning bitcoins,but now it is no more a good source since it has become very expensive and complicated.Then,trading was most recommended as the mos legit and best source of earning bitcoins.Now,with a such a huge rise of price in bitcoin,just buying and storing bitcoins in wallet for some months is considered as the best source of earning more profits with bitcoin.We could see that bitcoin price has increased from $1850 last month to $4080 today and we could not expect such a huge return from any asset nowadays.
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So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
USD has been the national reserve currency of most of world countries.If a country decides to make bitcoin as its national currency,then it has to change all of its currency in to bitcoin.Definitely,it would affect the importance of USD.Liberland,a small european nation has already announced bitcoin as its national reserve currency.By this way,it has saved most of expenses which would had been used to print new currencies.Some even say that,if a country accepts bitcoin as a national currency,then its economy would collapse due to its volatility.So,it would be hard for other big countries to announce bitcoin as their national currency.
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Actually,newbies get panic on seeing huge fluctuations in bitcoin price since that don't have enough knowledge about bitcoin price history.They get panic and sell their bitcoins immediately on seeing price dip and hence they are termed as weak hands.But,bitcoin investors who are in the field for years would have clear knowledge about bitcoin's potential and they clearly know that bitcoin price would surely rise in the future.So,they are not bothered about such price dips and they feel comfortable in holding their bitcoins in wallet itself for a long time.
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Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?
If bitcoin gets legalized,then immediately we would see a great increase in demand for bitcoins and hence increase in its price also.We just witnessed it before few months in japan when it got legalized there.When bitcoin gets legalized,all traders come forward to accept bitcoin as payment.People get more trust in bitcoin since government has accepted it.So,its usage gets increased.But at the same time,bitcoin earnings would be taxd if it gets legalized.
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Every investment involves risks.Bitcoin is not an exception to it.Bitcoin is a decentralized currency uncontrolled by any authority an its price is driven by the community support.So,its price increases or decreases in proportion to increase or decrease in demand for bitcoin.So,we could not blindly expect that its price would only increase.But,we could see that bitcoin is getting legalized all over the world and mass adoption is taking place.So,we could invest in bitcoins today confidently.
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First,governments and banks considered bitcoin as their main rival.They tried their best to destroy bitcoin,but they could not do so.Then they understood the importance of block chain technology and started to use it in their departments.Now,they have got an idea of creating new digital currencies for their individual use.Bitcoin could not be directly useful for governments and banking sectors,but the unmatchable block chain system is very much useful to them.
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First spammers who sent spam transactions are neither bothered about increase or decrease in bock size or transaction fee.What they need is to support at first BU and now BCC by just trying to prove that bitcoin is no more worth for sending transactions and users must switch to BCC now.This was their hidden agenda.Core team presented segwit as a solution for this problem.But miners were not ready for that since their fees would get reduced due to increase in block size.At last,when unconfirmed transactions became very high,they had no other way than accepting segwit.So,increase in fee would lower the spam,but would eventualy kill total bitcoin itself since more would switch to other coins for low fee transactons.
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Yes,i have got panic many times when i was a newbie as it didn't had enough experience to handle the situation efficiently.I used to buy coins which were rapidly increasing in price without knowing that it is being pumped and had got panic when its price falled rapidly due to dumping and immediately sold those coins at very cheap price in huge loss.If i had made a thorough survey and found the most under valued coin to invest,then i would have not got panic and i would have completed the trade successfully.
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i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically. what is your opinion? Spending too much time in trading in the beginning would be definitely helpful for gaining required experience.Without spending time in trading,nothing could be learnt.But at the same time,we should not think that only spending more time in trading would help us to become a professional trader.Even it is said that professional traders do only two or three trades a month and they earn more than the newbies who do around even thirty trades during the same time.
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Yes,nowadays holding bitcoins has been found to be the most profitable way of even doubling your investment.Nowadays,most people have left the method of investing in altcoins,taking huge risks,trading them and they have just started to hold their bitcoins in their wallets since we could see the price almost doubled in the last month and now,its price is around $4320.
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I do agree that some try to scam the bitcoin investors.But we should also agree that bitcoin is a new innovative currency and that it has just passed its initial eight years successfully.We should be very much careful in this crypto world.Since it is a decentralized currency,many peple try to scam others.They have not contributed any thing for the progress of bitcoin and what they need is just money even by spoiling the reputation of bitcoin.So.its true that some awareness must be created among bitcoin community and a website should be formed giving ratings for bitcoin exchanges and platforms based on customer reviews like survey police in internet which shows ratings of websites which provide online jobs and clearly shows the scam websites and companies.
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Here in Germany, the biggest food-delivery "Lieferando" has already accepted Bitcoin as a Payment method. Does something like this also exist in your country and would you use it? Not yet in india.but very soon,we could expect such services accepting bitcoin payment after six months.Indian government has recently decided in favour of legalizing digital currencies and it has formed a committee to give recommendations about it.I think soon a situation would come when all MNCs,retailers start accepting bitcoins and very soon they would realize that if they avoid bitcoin payments,then they would be left back from the main stream of development.
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Yes,definitely bitcoin would survive.It has already crossed lots of critical issues and still it survives.It has made many people's prediction that bitcoin would soon die.Even the governments and bankers are already tired of trying to destroy or ban bitcoin.More than a currency,it has been nowadays bought mainly as a profitable investment.So,i think that bitcoin could survive for more than 100 years.
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I'm just curious how bitcoin is rapidly increasing its value. Just last month its value was only around 2000 USD then suddenly after the fork it has constantly increased its price and now reached 4000 USD. Are there any reason why bitcoin has constantly rising? Can we expect that this month it will reach 5000 USD?
Segwit was quite expected by bitcoin holders to solve the high fee transaction problem.Bitcoin network was suffering before one month due to thousands of transactions stuck.Some predicted that bitcoin price may even crash due to hard fork.So,more people were not ready to invest in buying new bitcoins and they took the stand to just wait and watch.Thats why bitcoin price was low until august 1 and aftre that all of a sudden,bitcoin price began to skyrocket since buyers once again got more confidence that bitcoin is a ever increasing coin.As they all started to buy at sma time,bitcoin price almost doubled of its previous price of last month.
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If this question has been asked much earlier,then i would had suggested to invest in good altcoins and do trading or to invest in a good ICO so that huge returns could be got.But in today's situation,there is no need to even invest in altcoins and take risks.Since bitcoin price is rapidly increasing,it would be better to just buy some bitcoins and store in a wallet for even just three months.By this way,you could even triple your money or even more than that.This method is followed by most of bitcoin investors today and bitcoin has not failed to deliver the desired results.
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Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!
It was the main reason for which bitcoin has become the center of attraction among investors.No other asset could be expected to give such huge returns except bitcoin.Bitcoin price has almost increased seven times of its past price $650 to almost $4200 within a year.I think that it would not be a wise decision to spend such a return giving bitcoins to buy any products or to pay any services which could even be paid with fiat money.So,saving it for future would be the correct decision and more people are only taking this decision.
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I could agree with what you have said about bitcoins.But i don't see potential in any altcoin to get importance in usage than bitcoin.Altcoins are just pump and dump coins which have failed to deliver the desired results.Its true that bitcoin has gained attention of more gold investors also so that they have started to buy bitcoin,the digital gold instead of gold.We could not expect gold to give such a huge return like bitcoin.Bitcoin has revolutionized the world economy.It has even forced most countries to legalize it and has left option none other than that.
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who among you here heard bitcoin back in 2009 and 2010? I was one of the people who is very skeptical about it and I really regret it. I missed the best opportunity for a lifetime. I think you are not lucky enough to enjoy benefits of bitcoin.Early birds are very much blessed to have invested in bitcoin.But when no body was ready to trust bitcoin,they believed and invested in it.They deserve for what they earn today.But still,bitcoin has more journey to go and its price is yet to reach high peaks.So,instead of regretting,just invest now in bitcoin for future benefits.
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