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321
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Bitcoin / Bitcoin Discussion / Re: How much risk in bitcoin investement ?
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on: May 04, 2017, 06:55:39 AM
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its very risky and that makes it so fun  Bitcoin investment is not that risky if you just know when to buy and when to sell. Every investment has risk but there is a possibility for every investor to minimize or get a less risk when investing by doing study about the news and also analyzing the market very well and because of those two there will be just a small chance of getting loss and also you will get a lesser risk than before. While what you say is correct, we need to have a plan, many newbies buy bitcoin without knowing what to expect and at the first sight of problems they sell not knowing that bitcoin is very variable and losing 10% in a day is not much for us, but a newbie gets scared and they lose money that way. The mistakes that we make with bitcoin leads for a loss. For this users misquote it as a risky investment. We cannot deny that investment with bitcoin has got risk but the risk can be overcome and profited based on the knowledge we acquire before starting to use bitcoin. Its easy for you to say that you just need to know when to Buy and Sell Bitcoin, but it is harder than that as of right now we are on the 1500$ level quickly you really don't know if it will have a price correction or it will continue to go up. With that being said Technical Analysis is one of the best ways to predict the market but it is not a guaranteed way that your predictions is accurate. Bitcoin investment is really one of the risky investments out there because you don't know where it will go, that is why trading is the best for it. I agree with your opinion, and maybe you can give more details about the technical as well as the best solution for investment in order not to lose money For now , holding bitcoin is the wise option since bitcoin is on up trend. It was amazing that bitcoin almost on decrease on this year instead it's keep increase overtime. I'm glad that bitcoin can beat other investment although bitcoin still well known as risky investment the way its keeps on increasing day by day. i think at this stage its price higher ever and it will rise upto some extend at the end of this year. i suggest to invest in it right now but although this is a riskey decission and you have to take risk in these situations. |
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322
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Bitcoin / Bitcoin Discussion / Re: In what situation would Bitcoin die?
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on: May 04, 2017, 06:47:23 AM
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How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
When it is in the leave by its users, then not bitcoin will die Probably one of the most viable reason that will lead to the death of bitcoins. If every users of bitcoins decide to leave the industry which is possible one reason for the bitcoins to meet its demise but as far as bitcoins continuously develops and with a steadily number of users it is still far from impossible that bitcoins will die. Unless someone successfully sabotage bitcoins then no one knows. i don't think this will happen in near future. it is gaining popularity day by day and it is the mostly used currency on internet right now. yes the only way that it should be die when its user wants it to die but i don't think they ever wants. |
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323
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Bitcoin / Bitcoin Discussion / Re: How do you keep your bitcoins?
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on: May 04, 2017, 06:44:24 AM
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you keep your btc trading site. it's good for you because you earn two profit coin or btc price increase. other if you keep btc you choice online wallet that keep all coin.
It's not that good to keep your btc's in a trading site. What I do is I'm keeping it right now on a local exchange and I'm trusting them. Yes, it's your choice if you trust that trading site, then keep your coins there but still don't forget that what we are doing is risky. It is always been good to have a back up hardware wallet. it is right to keeps it on online wallet. on online wallet you have the oppurtunity to sale or purchase when price exceeds or goes down. but keep in mind when you are choosing a wallet checks its rating on google and choose a trusted one. |
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324
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Bitcoin / Bitcoin Discussion / Re: In what situation would Bitcoin die?
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on: May 03, 2017, 05:24:23 AM
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Probably would die out if the government really wanted to regulate it / put pressure on anyone who uses it, mines it, buys, sells, so on and so forth which would pretty much cause anyone and everyone who used it would kinda be forced to stop. I know a lot people on this forum come out and say how they wouldn't stop even if the government was forcing them to leave this.
Think about it like this, would you rather have this cryptocurrency or your livelihood and everything that comes with it? I highly doubt anyone is going to come to the conclusion of the niche cryptocurrency that we're all apart of.
Unless you have no livelihood then, yeah you'd pick this.
But a government can only make it illegal in their jurisdiction and not the whole world this is similar to what is happening with the war on drugs, on some places marijuana is legal while in others is illegal, so as long as it is legal where you are you are fine. i don't think they will ever make it. i don't know why some people always said that government will make it illegal. i don't understand any fault it in or any illegal thing. the problem to some how is that the difference in black and white money problem. i hope the organizer will fix it in near future. |
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325
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Bitcoin / Bitcoin Discussion / Re: What were your experiences with Bitcoin when you first started?
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on: May 03, 2017, 05:17:08 AM
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My biggest problem was buying bitcoin itself. The only way I knew was to use virwox, it is a complicated process and huge fees, even now I had to use paypal to buy some, and in the end 20 euros turned into 12 in btc
related to me in near past when i was just started my biggest problem was its conversion from fait money to bitcoin because at that time the price was really low and i was expecting rise in it so, i was searching for the source of it so, that was my biggest problem in near past when i was just started. |
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326
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Bitcoin / Bitcoin Discussion / Re: What is the best source of bitcoin nowadays?
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on: May 03, 2017, 05:12:08 AM
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I guess the best answer would be trading, that's mainly how BitCoin is bought. But what you do with your BitCoin after is bought, like spending it where it's accepted is the real answer.
Bitcoin is not accepted at many places at a moment so its better to earn them and save for the future and start spending them when price goes higher and at the same time when we will see many places to spend them. the best way is to earn and then increase it through trading i think this will help a lot or invest some fait money and save for the future and in this mean time should trade and increase it. spending bitcoin now is not a good idea. |
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327
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Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin
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on: May 03, 2017, 05:07:05 AM
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first I doubt that bitcoin can achieve results like this, I know the bitcoin a year ago when the price of $240 I had bought 2 BTC and I sell $275 price (2 months later) and then I leave a bitcoin and see price 3 months ago has reached more than $1000.
yeah you are right same like me before a month ago i said to my father to invest in it when its price is approxematetly $360 dollar but he decline to do this but now he is regretting his decission. the way its price is reaching to extreme day by day i am thinking to invest some more in it. i hope it will reach to $2000 till the end of this year |
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328
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Bitcoin / Bitcoin Discussion / Re: Bitcoin as the currency of the future?
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on: May 03, 2017, 05:00:30 AM
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no doubt that its future is bright and more or more people are interested towards it as it is progressing day day.
the way we see the rise in price of it in previous 3 to 4 months this is a severe example of increasing in the number of users and i think i will become the future of all currencies as the future is of internet and more peoples comes towards it in near future.
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329
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Bitcoin / Bitcoin Discussion / Re: Bitcoin as the currency of the future?
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on: May 03, 2017, 04:59:11 AM
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no doubt that its future is bright and more or more people are interested towards it as it is progressing day day.
the way we see the rise in price of it in previous 3 to 4 months this is a severe example of increasing in the number of users and i think i will become the future of all currencies as the future is of internet and more peoples comes towards it in near future.
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330
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Bitcoin / Bitcoin Discussion / Re: If Satoshi reveals himself, what would be of Bitcoin?
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on: May 03, 2017, 04:53:05 AM
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I can't figure out why satoshi is still a mystery. At least his friends or family member should know about this invention then why they don't reveal the secret what's the use of keeping it secret. They might think that if they reveal the truth they might be arrested by police because it's a public property which affects paper currency. But if he reveals the truth then he might face some problems that why he is not cunning up. It's my opinion.
i don't know why he is hiding his identity but one thing is that i don't think there will be any effect on the price of bitcoin if he reveals his identity. he was just a developer of it and i think the way it is progressing day by day. i don't think there is any effect on it by revealing the identity of its developer. |
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332
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Economy / Economics / Re: where should i invest my 0.5 btc ?
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on: April 22, 2017, 07:29:48 PM
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cloudmining and ponzi is terrible investment place, Because it likes just try to give a charity for the scammer to run away with your money.
Yeah, you don't ever think to invest on cloudmining because it likes to feed up that scammer with your easy money then. Trading and invest in ico are a good way to invest your money and make sure they have an escrow to make your funds safe. yeah cloud mining is little bit risky in term of investment. i think instead of than you should try HYIPS programs for good profit in which risk factor is less than that and profit margin is good enough. |
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333
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Economy / Economics / Re: The Real Reason to Hold Gold And Bitcoin
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on: April 22, 2017, 07:02:35 PM
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i think the real reason to hold gold is because gold is traditional investment that all people know and they keep their gold in the safety box. and the real reason to hold is because is a new investment in this century and still in development until all people know about and keep too like gold. both have a good chance to be an investment for us especially , soon people should make like gold and even more expensive than gold.
yes the main reason is to prefer bitcoin as compare to gold for investment purpose because the bitcoin is in development phase right now and not fully developed and it will take a few year more to be known to the whole world as a global cypto currency so, until than investment in it will really helpful and i think in near future it will reach to a fixed landmark. |
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334
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Economy / Economics / Re: Best way for steady income
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on: April 22, 2017, 06:56:08 PM
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Hello All,
What you think is the best investment to gain steady income in btc without actively doing anything?
So no trading/gambling/loaning etc.
Steady income more likely to be 'small & secure' than 'big & risky'.
Thanks,
BR Oinas
currently the best investment in bitcoin if you don't have time to run it yourself should be buying bitcoin and hold it as bitcoin price keep increasing by days. This time last year bitcoin price was around or below $500 but now bitcoin price is around $1260. If you buy 10btc last year you could have over double your investment by selling it today. Investment will not make you have a fixed salary in the form of bitcoin. Maybe the only way to get a fixed salary in the form of bitcoin, you can try signature campaign. But, it will only stay within the specified time. The meaning of investment for securing your money on the safe place, and in another side you will get benefit from your saving. It can't be considered as fixed salary you cannot takes investment as a source of steady income or proper earning on weekly or monthly basis as a salary. the best sources of steady income are signatures and trading but i prefer trading as compare to signatures because signatures are for a specific time periods and through trading you can get a good profit on daily and weakly basis but experience really matters. |
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335
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Bitcoin / Bitcoin Discussion / Re: What is BTC for you?
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on: April 22, 2017, 06:11:31 PM
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For me is a source of income through which i have got financially freedom and apart from that their are so many option through which i am earning online income more then my daily job
yes i don't have any hesitation to say that as a student it is a good side income to me to meet my expenses by my own. it is a currency right now which is giving many oppertunity of earning and a platform of good investment as well. |
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336
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Bitcoin / Bitcoin Discussion / Re: Will bitcoin be used to support terrorists?
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on: April 22, 2017, 06:04:08 PM
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On March 8th, Cheollima Civil Defense(CCD) released a video on its website claiming:” Han Sol, the son of Kim Jong Nam, and two other family members were met quickly and relocated to safety. “ And they receive bitcoin for financial support. This is something nice to do. BUt what if bitcoin be used to support some bad organizations, even terrorists? Is this already happening? What i am worrying is if bitcoin be widely used for bad things, negative news would be all over and bitcoin price will drop. It will lead to tougher regulation. Do u think world leaders are willing to kill btc to make sure they can fight terrirists?
yes they can do it without a doubt. bitcoin is open for all those who wants it , invested on it and want to earn thru it. we cannot dictate other person to how and when they may need to spend it. decision is in their hands. Agree with you mate, bitcoin has freedom to used by all people in the world, users can spend bitcoin anywhere they want if they want to used in bad things they can and bitcoin is not required to give full personal information of each user that is why it is possible for that scenario. bitcoin is global and anyone can use it for any purpose like all other kind of money. yes it is a currency just like fait money and can be used by them as well. it doesn't have any restrictions for anyone and i think yes the possibility is there. |
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337
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Do you see alts have chances against Bitcoins?
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on: April 20, 2017, 06:06:05 PM
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continues to establish as a,strongest and the most valuable cryptocurrency. This hasn't come over knight and can't be replaced over knight but at the moment I also can't see that some other cryptocurrency has the potential to go through that way and take 's position.
I wouldn't say it's impossibe but it will not happen for a long time.
bitcoin is reached to the point which is almost impossible for any altcoin to reach. it has a strong payroll system which i don't have seen by any other cryptocurrency. i think it is the only crytocurrency which is used as a payment purpose as long as it will not be overcome not any of the cryptocurrency will be able to replace it. |
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338
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Bitcoin / Bitcoin Discussion / Re: Why bitcoin is not supported in some countries?
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on: April 20, 2017, 03:21:50 PM
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It is because they don't want people to avoid the centralization the government. And if ever they will realize that there is something like this, the people will badly get interested into it and will start to have some thinking to stop being manipulated by the government. And that's why they are faking news about bitcoin, like for being illegal.
most of the developing countries of africa or asia or even europe don't even know about any of the crypto currency. i don't think this is the cause of that many countries don't support this. the main is lack of education and trust on online currency but i think by the time this will be overcome. |
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339
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Bitcoin / Bitcoin Discussion / Re: How do you store your bitcoins?
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on: April 20, 2017, 03:15:23 PM
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Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?
I store my bitcoins on an online wallet. This wallet is where all my earnings from signature campaigns go.
I store my bitcoin in an online wallet too. I think that is what most of the people here do but I have noticed that some of them have mentioned hardware wallet. I wonder what it is?
Online wallets are a horrible way of storing your coins for various reasons. Most important reasons are that you are not the only entity with control over your coins, your coins are exposed to threats coming from the internet, plus that you rely on the service in question to stay online all the time. In order to prevent the latter situation to form a problem, always make sure that when you do happen to make use of an online wallet service, that you use one that provides you with the private keys. In case the service goes down, you'll always be able to access your coins. Regarding hardware wallets, here is a handy link -- https://en.bitcoin.it/wiki/Hardware_walletThank you for the link. I will read more about hardware wallet. I just want to ask if you have your own experience regarding why online wallets are a horrible way to store bitcoins? You are right about the coins being exposed to security threats coming from the internet but still online wallets is still reliable for storing.
Do not put a lot of bitcoins in your online wallet because it is very risky and also very attractive to the eyes of hackers because if they see a lot of bitcoins on an online wallet then they will do a lot of attacks to you like phishing site that can get access to your account if you are not careful and your hard earned bitcoins will like a bubble which will pop out in just a few moments. Then I guess it would be better to create multiple online wallets and divide your earnings to avoid cyberpunks. Thank you for the advise!
That is risky too, because if you create a lot of online wallet then it will be very risky for you because the passwords can't be all the same so you will create different passwords and it will be risky because you can't remember it all. It is better to just use paper wallet in storing bitcoins which it is offline and you just need printer and paper then you can create offline and secured wallet. yeah multiple wallets makes it very complex. for permanent storage for investment purpose you don't have to rely on online wallet. paper wallet is much more secure and you don't have to remember multiple password. i think this is the best method for long term storage. |
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340
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Bitcoin / Bitcoin Discussion / Re: The Reason Bitcoin will always be #1
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on: April 20, 2017, 03:08:38 PM
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People always come up with something better, and say now that is the best name as it is not right.
this is non other than a joke. there is not anything unique in name bitcoin. i think other than name there are many other factors which makes it #1 but saying this is because of its name i think it is just a joke. |
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