Maybe i will sell or encash some of my bitcoin then buy things and donate it on charity. Like the charity that was established for the babies who were abandoned by their mothers. I heared about that charity from my friend who visited there few years ago. I will donate things that those babies need, like diapers, baby soap, milk, etc. I want to help those babies by sharing some of the profit that i can get from bitcoin. Im a single mom and i know its hard for those kids to grow without their parents beside them. I know that the things that i want to donate is not that big, but important thing is i was able to help and touch the lives of those kids. Donating is not about how big you donated, its about showing how you care about them.
You mean to say if you are invited ever to participate in any NGO for poor and needy people then you will send fiat instead of your bitcoin, I think it is good to have bitcoin and invest in bitcoin so it is also our responsibility to share it with poor and needy, if you will send fiat money it will help them but bitcoin is more than this, sharing bitcoin with poor means you are sharing your savings with them and you want to make them live a happy life. |
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bitcoin has the first mover advantage and commands more than 60% of the whole cryptocurrency market. It is more liquid, available on all crypto exchanges and is held by more number of persons.
Bitcoin was built so that all these other coins can exist. Altcoins are called "Altcoins" for a reason. Yes there must be a reason and that reason makes bitcoin high and popular than another currency and safe journey of bitcoin will take me to my bright future. Now in this age we can use all things for bitcoin investment and we can buy all things with bitcoin today. If you buy bitcoin and get in crypto currency than it will help me have lots of other things like serving my family and etc just with bitcoin saving. |
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Which one suits you the most?
In storing my bitcoins, i am using blockchain wallet for my daily use of transaction and for keeping i am using a trezor wallet. In my etherium and other altcoin, i stored it in myetherwallet.com. Im very confident with my wallet not to be stolen Using blockchain is best choice because now it is safer and cheaper wallet that we can use I know bitcoin investment will be best if you are having nay source of restoring it. Now bitcoin wallet is now of easy and plus pint for bitcoin to store your bitcoin for long time because price of bitcoin is increasing more. There are a lot of online and offline wallets and it will protect pour bitcoin to get hacked. |
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Yes, because it helps lot of people to give more opportunity to invest and earn in bitcoin, especially to those unemployed person like me. Hope i can have some bitcoins. I will buy what i need.
I am not agree with your thoughts because if we look at bitcoin today we will have to say that bitcoin is above all and nothing can ever beat bitcoin today. Income is being provided by bitcoin and making of huge profit is possible just because of bitcoin availability and source of income is bitcoin right now. In future people will be employed because of bitcoin and our social life will also be best because of bitcoin. |
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People losing faith in the coin which will cause a price drop that can reach 0 at some point.
My greatest fear in bitcoin when the price going down. What happen to me I think , I think I will be crazy if the bitcoin value goes to zero value. Price of bitcoin will go down then no need to be worry and sell this is really bad. At that time you will have to be patient and have good feeling for bitcoin. Bitcoin is having a lot for all people and chances of bitcoin money making will be high if you will hold bitcoin even at very low price. Bitcoin has power to increase and grow at very high time and do sell when you see price high to just be patient and you will have benefit. |
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Depends...if you are into trading daily basis or long term investment. For daily trading if you are small fish(cannot buy more than half btc or one) then i think its too late, for long term you can buy anytime.
If you are doing trading then it will take time but if you are willing to invest in bitcoin for future you are having right and exact time. It is right time to have bitcoin in your life because if you will wait and will find to buy bitcoin you will lose chance to have profit and it will not give you benefit at all. Right now bitcoin is best thing to invest your money for and buy it for better and bright future. |
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If government wants to tax it i am pretty sure they will find a way to do so but currently it is not taxable unless converted to fiat.
Not only converted but it will get higher than this and will be huge investment for all people. For me if bitcoin will be taxable then it will get high and become legally acceptable so it is going to be beneficial for bitcoin and will give it benefit to government as well. I know bitcoin will be acceptable by all people and bitcoin users will pay for tax on time and will not delay this kind of act like paying for tax. |
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Bitcoin is so expensive if it will be converted to my country's currency it will cost hundred of thousands.
Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
its not expensive at starting but due to heavy trading volume, it gets high prices. Well it is true bitcoin has power and it is now very popular but mate if bitcoin will get taxed for sure it will make bitcoin in legal list and it will be good bitcoin future so I would live it if bitcoin will be more popular and at some point government will make bitcoin a part of legal things like legal currency and fixing tax for bitcoin so I think these small thing makes bitcoin more expensive but right now the main reason is price and increasing value of bitcoin. |
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Millionaires invested in bitcoin from 2014 and on. Billionaires started investing since the start of 2017 and are still holding.
It must be the best ever decision they have made because from 2014 till now bitcoin price must be changed and it is great at this time. If they must invested at perfect time at that time bitcoin price was not very high and it will grow more till 2018. I invest right now and will wait for more people to invest and get bright future with bitcoin; if I am not billionaires right now then in future I will be millionaires and will invest more to become trilloinres. |
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Hey all, I’m conducting a research on cryptocurrencies and I’m especially interested in why people choose Bitcoin. And since you are bitcoin users/experts, I thought you would be the best people to ask. It would be great if you could take the time to answer my questions (anonymously), I promise it will take no more than 10 minutes. Click on the following link to go to the survey - https://uvacommscience.eu.qualtrics.com/jfe/form/SV_3lzs2sI13cKH1m5?source=bitcointalkIf you are interested, I could post my main findings here. Thank you. It is simple bitcoin is really profitable and convenient to have. Just imagine the convenience of doing transactions with bitcoin. You can send, receive, pay and do a lot of transactions using bitcoin. It is not just convenient to have, it is also profitable. A lot of people already earned a lot because of bitcoin investment. Bitcoin price is still increasing because people are starting to invest more on bitcoin. Every investor use to dream best in case of bitcoin and if they use bitcoin as investment they will have well from it. Bitcoin has being chosen by me because I thought it can give me best of my life and it will make my money get wide. Right now bitcoin is high in price and it is going higher more for shining bright future I would love to have bitcoin as investment in my life and as saving for long time. |
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yes panic selling of bitcoin will give lose and will make you cry when you will see bitcoin just next after you sell your bitcoin. I know price of bitcoin is good and will give an opportunity to all of us to have high profit. It is not good and wise decision to sell bitcoin when you are having an opportunity to sell bitcoin at high price and can make good per month income just with bitcoin holding so just be patient and hold your bitcoin.
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I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.
Agreed.Bitcoin is not gambling. But sometimes people use some bitcoin gambling site ,it is gambling. Bitcoin is invest your money at best time called trading. Yeah people use to do thin but I think bitcoin is making risk if we put all of our capital in gambling. Now we are not sure that bitcoin will make profit in gambling or not because bitcoin has a lot of positive thing but if you are having high knowledge about it and you are having experience with bitcoin gambling. I use to take bitcoin as investment and it is because I think bitcoin is risky for using as gambling. |
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Whether its bitcoin trading or altcoin trading, there is bound to come a time when your investment is getting dumped badly, and its panic time.
How do you panic? Does that really make you panic and do you take decisions that you actually regretted later? Or do you keep calm and HODL?
What makes you panic and how do you react to it?
If you invest, you shouldn't panic and always have some budget to buy more when it downfalls. That's at least what I do. Getting panic and that too when you involve yourself in a stuff like that of crypto currencies which are highly volatile in nature is quite a normal thing. I do get panic when I see the market value of the coins which I am having going down. At beginning, I suffered a lot just because of selling my coins at that time as I was not having good expertise but this only resulted in loss of money. So, I only hold my bitcoins at the time of downfall now. |
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I have recently took investing on poloniex serious. Ever since I've invested the alt coins have been down. Do the amount of coins I posses go up if I stay. Also, do I have to wait for the coins to go back to their original price that I bought fo in order to make a profit? What are the reasons to holding if prices are down? Thank-you.
if the price goes down you should hold to avoid losses at least until the price returns when you buy because if you sell it it will be a loss If you don’t need money and you can manage the things without converting your bitcoins into paper money, then the best thing to do is to hold your coins for as long period of time as you actually can. Try not to sell your coins when there is no such need of selling your coins as holding can actually help you in having a huge amount of profit in short span of time. Hold, hold and hold for greater profit. |
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This is not advisable. Definitely no, how about the others who does not have the access on cryptocurrency, think about it. It's unfair for the others, it cannot replace the physical money. It is different aspect here, if we're talking about who will benefits here definitely there would be a conflict will happen.
Exactly! Though bitcoin is very beneficial and it can us rich in no time but there is no way that we can deny the importance of paper money in this world. This concept of crypto currencies is newly introduced and it will take lot of time in order to make all the people aware of bitcoin. Paper money on the other hand is widely used and is the known by each and every one of us. Paper money will remain in this world and bitcoin cannot make it disappear. |
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I am a student too pal, the solution is buying bitcoins and holding them, then sell when the price ist higher to make some profit. But before investing your money in Bitcoin you have to invest some of your time learning about it.
It is best way to have bitcoin profit but mate if you are not having anything to invest even then you can earn from bitcoin and make high amount of money for investment in bitcoin, it is not good to be hurry for investment and not be hurry for buying bitcoin. If you have capital just go for small investment in a trust worthy site and that site you will get from you tube just search and invest at right place then wait for profit. |
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Having a cashless community is nice. Theres no thief looking for you wallet having cash. Many advantages like you pay petrol with bitcoin right and any high cost materials and also good for deliveries like souq and amazon.
It is great indeed and bitcoin is going high for better future and high profit, many people do love bitcoin for high price and increasing gradually more high I know in past months bitcoin was not very famous people were not liking bitcoin but now they love bitcoin and will love always. I love bitcoin for safety and for me it is best advantage of bitcoin that no one will know about your bitcoin and amount of money you have invested right now. |
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I heard in London there is an option that you can buy your ticket using by BTC.
I know it is not hard to buy clothes with bitcoin and now several companies are accepting bitcoin as a payment. Now in my countries bitcoin is helping people to buy a lot of other things like clothes and online shopping I have bitcoin and I am going to save it or will use it to online shop for clothing and buying all objects that are related to bitcoin today. Saving and spending will make your future bright and secure. |
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I think Bitcoin is already a big thing today. Too bad because of how high the fees are with so many unconfirmed txs, I don't think it will last long.
No doubt in it bitcoin is now high thing and it will give benefit to me and to several people who are investing bitcoin and holding. Bitcoin transaction Is now not very high and it is fast now in future bitcoin was nor very expensive but bitcoin transaction fees was very high and it is now proved that as much chances bitcoin has for people not everyone has capacity now to buy it, still a golden chance people has for buying bitcoin because in future it will be the only thing at top and most expensive. |
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Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?
Yes bitcoins can be banned by the government and as a matter of fact the Chinese government already banned bitcoins in their country and i do not have an idea if it is banned till now but those banning makes the bitcoins fall. I that time bitcoins are struggling and a lot of people are panicking and selling all their bitcoins but look what happen after a month bitcoins came back with a tremendous rise and those people think that the bitcoins are that easily to destroy they are all wrong No it is not true and if any one country will ban bitcoin then it will not affect bitcoin price at all because bitcoin is growing at this time and it will never stop if a single country quite bitcoin. China banned bitcoin I have heard about it and to be honest I did not find any change in price or anything else so I know bitcoin will not get down if other countries will ban it, in my country bitcoin is not ban and it will not be ban ever. |
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