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One can earn enough with bitcoins that he doesn't even have to go to office and just work from home but this is very risky case, as the government are yet deciding what to do with bitcoin and how to tax it. So till then I would advise not to leave the regular day job for bitcoin. I also am working part time for bitcoins.
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I used to mine till more than an year ago, so take my advice accordingly.
Firstly, I don't think that this much investment is profitable for mining bitcoins in particular.
Secondly, my suggestion is to get good graphic card and mine altcoins.
My strategy was to mine every new coin for 2 days to upto a month depending on how its launch goes, then I used to dump them and I "always" made profits.
Last suggestion, a big suggestion, would be to collaborate with others, display your mining management skills & profit and then do a group-buy crowdfunding. Then you'd be able to raise money and play into bigger risks and that would attract investors who are not into cryptocurrency as well.
About mining new altcoins, I've tried that in past and it isn't always profitable as most of the time they don't even get listed on the exchange, so it's a total waste of your time and electricity. I would advise buying a L3+ and do start mining litecoin as its mining profitability is always $600+ per month and never goes below that and right now it's above $900+. |
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0.04 BTC
Can i have more details like the trust level, private keys of Staked bitcoin addresses and most importantly previous bans.
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I always use myetherwallet to recieve my bounty tokens, I can also see that most people also use the same to receive their token, I use mew just because my computer is low end and also that I can't afford to use the Official wallet on it, as it will take forever to load on a computer like that.
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You should never put all your eggs in one basket as it increases the risk.
So you should invest in about 4 to 5 different coins after researching and deciding which coin to invest in.
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I am just beginning to trade and have gathered not so may coins, may I ask how I can convert my crypto coins to Cash?
If you want to withdraw your coins then you have to complete AML/KYC and then you can sell your coins on the exchange for fiat and withdraw in your bank account directly. Or if you aren't comfortable in giving your personal information online then you can also try local bitcoins where you can sell bitcoins in person also for cash. |
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Maybe not to get rich, but sure as hell to earn a decent amount of money with bitcoins.
How much money did you earn with bitcoins? Or did you lose some?
I have earned about 6 to 7 bitcoins in 2 years on the forum. But most of it I have either spent or lost in gambling and chasing the losses. But yeah I'm aiming to become rich just by bitcoins and crypto only. |
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By watching the past rallies and the price corrections, I believe about $10k seems a realistic figure right now, but as the crypto sphere is pretty unpredictable so anything can happen. But it will be fun to watch what happens.
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For the coming days?
Nothing going happen for the next few days(1 week at least).
But of course things are more violent as action is delayed.
Probably is due to the bitcoin vs bitcoincash drama so as to which currency to use, as right now bitcoincash network is becoming stronger fast by day as it is more profitable right now, so the bitcoin price is also getting affected by it as investors are waiting for the end result of this chaos. |
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The advantage of bitcoin is that it can’t be stolen from anyone else. No one can steal bitcoins from you, unless they have an access to your computer and send it to their account.
And it is also a demerit of decentralized cryptocurrencies as recently I lost the seed for my waves wallet which was having about $2k in assets in it and now I'm regretting why I didn't backed it up in a number of places. |
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My question is if you have $10 which altcoin will you prefer to invest and why?
I think i can invest only $10 per month and i never invested in altcoins so far.
If I were you then I would go for the coin which I think have the best ideas and can make a good impact on daily life and also that the coin is having less competition. And now a days there are bounty campaigns that you can join to boost the number of coins that you hold. |
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I would like to invest into waves, lisk, etc, BCH. Out of these my favourite is waves as it has more features as compared to all other cryptocoins, and also the development team is also quiet active and hardworking to deliver the product they promised us to give.
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I can think of giving bitcoins as a gift if they know what bitcoins are.
If the person doesn't even know about bitcoins, then giving bitcoins to them is a waste of bitcoins and our reputation itself.
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Because of bitcoin I can earn some extra money other than my salary, so I am using bitcoin to fulfill my dreams and once they are all reached then I'll stop earning bitcoins and live my life happily ever after.
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In my opinion you should wait for the hype to cool down as right now the Monero price is pumped due to the news of it getting listed on a Korean exchange called bithumb. So wait for the hype to cool down and when Monero gets dumped it will be the eight time to buy it.
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So when 1 satoshi would become $1 then we would also have to think about bitcoin transaction fee, as it would become $50k to $100k which I think is pretty much the salary of a PhD teacher per year. So by then I believe off chain transactions would be "The Thing".
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i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?
It is worth your money and time as you can check in a mining profitability calculator the break even period of a bitcoin miner is about 4 to 5 months, so it is quiet a good investment per se. And what return we get in the real world per year, 10 to 25% max? See in bitcoin mining you can double or maybe triple your money in same amount of time. |
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As USD is the currency that is accepted mostly all over the world and it is also a very stable currency, so I believe that's why bitcoin is compared to USD.
And local exchanges also list the bitcoin vs local currency pair on the exchange too along with the btc /USD pair.
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As soon as possible, if fees will go down for a short time, I will sell Bitcoin and hold other cryptocurrencies and hope others will also do so until fees go down.
No, others won't follow you because others don't care about the fees, they care about the price.  Aren't the fees actually lower right now than they were 2 or 3 months ago? I remember it was crazy back then. The price has grew by at least $500 and the fees went down. It's actually great if you look at the big picture. Stop whining and sell already, but don't say I haven't warned you. BTC is going up in the long run and it's going to go up by so much that you'll have so much money you won't care how high the fees are. Absolutely! The fees have gone down as compared to the last few months, and also the transaction time is also reduced for me. As in past I had to do priority transaction from bitcoin wallet to get my bitcoins reach in other address in a few hours, now a days I can do the same with economic transaction fees on my wallet. |
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im looking for a serious way to earn 1-2btc. Any ideas? thx  Once you are full member in bitcointalk don't miss the opportunity to earn more than what requested by following deeponion free airdrop still 33 rounds remain . join us . But as far as I know, the deeponion airdrop requires you to wear their signature and then you will be paid, or can we be paid without wearing the signature. I believe that the easiest way to earn 1 to 2 btc is spending more time in altcoins section and getting as much freebies as possible. Sometimes they will not even get listed on market and sometimes they would give you a pretty decent return. |
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