Bitcoin has become an obsession for many people. Whether its investing, selling, gambling, or making purchases with it, Bitcoin has certainly become this trend that is much larger than it was years ago. Personally, Bitcoin has been a rollercoaster for me. There are times where I am up 9k in profit, only to be scammed by a professional for 6k. In other words, sometimes I am on top of the world thinking Bitcoin is going to make me an insane amount of profit, only to be let down feeling like I am going to lose every single dime I have because I am putting way too much hope in Bitcoin. At this very moment, I am in the process of disbanding my business accounts, and filing a certificate of disclosure. This isn't to say I have lost hope in Bitcoin, I just simply think there are too many faults that still exist with it. Even with a professionally typed paid FinCEN policy reviewed by 3 companies, scammers have still found a way to literally go above and beyond to steal money. I was involved with trading and selling, and its just got to a point where the risks were not worth the reward. I hope many of you have had more success than I! I've tried out some small gambling techniques as well, and of course that was a major failure. BTCJAM was great until multiple users defaulted on their loans. Then I tried one of the most recommended cloud mining services only to find out it was a ponzi scam and lost out on more coin from them. My last resort was to add a bitcoin faucet to my website, but there are just far too many to compete with, and the advertisement costs to draw attention were just to much for it to be worth it. I could have had the opportunity to retrieve about $2,000 from some scammers, but for me to hire a lawyer, travel to another state for a court date, it becomes too expensive and not worth it in some cases where you are scammed.
My best advice for anyone seriously getting involved with Bitcoin is the key word "money management". You might get to a point where your operation with whatever it is could be rolling in some serious money. Don't get greedy! Thats what I did. Never put in more money that your comfortable losing. If you are happy to invest $1,000 knowing it could be gone, then set that limit until you are comfortable risking a little more. For me personally, I was rewarded very fast with Bitcoin in the beginning. Then I started to purchase more, do bigger volumes of trades, and then boom, you wake up one day and your profits and bitcoin is gone from a hacker/scammer. Every person is different, every one also takes different risks and assessments when it comes to Bitcoin. All in all, has bitcoin ruined your life, or has it made your life better?
It helped me a lot because it is easy to invest and easy to keep. I would recommend it to other people. |
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and do you think that will happen in 2015 ?
I think I would buy as many coins as I can and keep it. I know time will come that the price of it will rise again. |
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What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?
I think bitcoin will be very successful in the future and it will be used all around the world soon. That is what I can say about the coin's future. |
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so, what id like to do is invest bitcoins to a stock or mutual fund account, but am not sure the best way to go about it. any tips/advice?
Investing in bitcoin is a good idea and it helped me a lot. You should give it a try and see what I am saying. |
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Seeing the recent price moving upwards, I am a bit optimistic about btc reaching till $280 or so, but I don't think price can continue being stable after that. What are you guys' opinion on this?
I think it will reach more than $300 this month. It will be $500. |
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the price has been rising steadily for some weeks now. These last few days, the rise is has been bigger in relation to past periods. now in the last few hours and after bitcoin price nearing almost $270 we see a huge crash.
There's a lot of explanations for this price behavior... what's yours?
The prices is a bit unstable for now, all I can say is better keep observing it. |
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You didn't see that last run up coming either. Could this be the start of the new price run-up? Any guess as to the peak this time?
Previous peaks: April 2013: $140; Nov 11, 2013 $1200
The price been rising recently and I think before this year ends the price would be $20000 |
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Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement
To get rich is to help other people achieve their goals and at the same time building your own path of success. |
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I see it ran by a bank, What do you think?
I can picture it being used by many people specially the new generation that is going to be the one that will use it. |
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the price has been rising steadily for some weeks now. These last few days, the rise is has been bigger in relation to past periods. now in the last few hours and after bitcoin price nearing almost $270 we see a huge crash.
There's a lot of explanations for this price behavior... what's yours?
As what can I observe right now the price is very unstable and we cant tell if it is going up or down but I am hoping for the best that it will grow in the future. |
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If given a choice to walk away with either Bitcoin or gold of equivalent value, what would you pick? Asians and Westerners were asked in Taipei in Chinese and English if they would take Bitcoin or gold home with them that day, and the answer might surprise you... http://www.youtube.com/watch?v=m6GiC8dqN9AWe just shot a video outside the Taipei 101 skyscraper area here and gave people a chance to answer if they would walk away with either Bitcoin or gold- and why. If you were approached and were offered the same deal, would you walk away with Bitcoin or gold in your pocket, and why??? I will choose both. Both I can choose both then I would they are both valuable and it is a good investment in the future. |
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I have been interested in the various ways there are of making money on the internet. From the GPT/PTC sites to others like swagbucks.com, I have been earning money online since 2009. At the time, I was still skeptical of making money online at all to begin with yet so Bitcoin was out of the question. Now from what I see the best methods involve bitcoin. Today, finding a job writing or programming or something similar online in exchange for bitcoin seems to be the way to go these days. What do you do to earn extra income online?
Find an employer online and work for them it is one way of earning money online. |
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and do you think that will happen in 2015 ?
Do what most of the coin handlers will do, keep it and wait for the right price to come. |
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Any of you crypto kids using Bit-x exchange for trading or mining?
I am using it tight now it is reliable and can be used in almost every store here in my place, I just love it and it is worth recommend. |
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Are you inspired by those bitcoin millionaires? Are you thinking of filing a resignation letter on your day job (if you have any) and focus on bitcoin instead?
Me? I do have a day job and I consider bitcoin as my side job. I don't want to lose that another source of income just because bitcoin is awesome.
I will do both because I love my day job and bitcoin is great so I will do both. |
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Is it better to save money in bank or invest it online, in real estate or maybe gold?
Better invest the money you have because saving it in the bank doesn't give a lot of interest whereas in investing it the money will grow. |
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Always thought the $100.000 was total bulshit but can't help hoping it will get there eventually. Please put down the number you think it will reach not the number you hope it will be  That will be five years from now I think the coin's price in that time will be $10000. |
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Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:
Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?
I think we will still have still and use paper money in the future but not as much as we do today. |
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If given a choice to walk away with either Bitcoin or gold of equivalent value, what would you pick? Asians and Westerners were asked in Taipei in Chinese and English if they would take Bitcoin or gold home with them that day, and the answer might surprise you... http://www.youtube.com/watch?v=m6GiC8dqN9AWe just shot a video outside the Taipei 101 skyscraper area here and gave people a chance to answer if they would walk away with either Bitcoin or gold- and why. If you were approached and were offered the same deal, would you walk away with Bitcoin or gold in your pocket, and why??? Probably choose bitcoin, because it is less pricey. |
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Always thought the $100.000 was total bulshit but can't help hoping it will get there eventually. Please put down the number you think it will reach not the number you hope it will be The bitcoin's price in that time would grow I'm pretty sure it will, like $1000000 |
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