For me the biggest problem with bitcoin is that I dont know when to buy or when to sell them
You can simply use my technic, you buy when you want buy and you sell when you want sell. simple but for me biggest problem is about confirmed transaction, when i buy some digital goods if seller new to accept bitcoin it hard to tell them "no worry, it will confirmed i put decent transaction fee" but the seller always worried cause it take long time to confirm and think he dont get his money. That's what's traders do. Buy low, sell high. Usual merchant tactics. The volatility of bitcoin's value is helpful in this fact because once you see the value fluctuates, feel it out. It's either going to go back up or fluctuate even further, usually it's going back up. I use that opportunity to buy bitcoins, fast. Transaction times is a really big problem in the blockchain. |
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If I was rich I would still gamble because gambling is so fun to do and it can let you enjoy life to the fullest.
I think I even would go to some real life casino's due to the fact to throw with some nice stacks.
It is good that you gamble for fun and do not even leave it after getting rich. But spare a thought that you would never be making any money from gambling but only things you get from gambling is : tensions, aggression and loss of money. |
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I mainly use Bitcoin to get more Bitcoin... capitalism yay!
up to now i held the bitcoin but now i will decide what to do with it. i thinking to start a business here in my local area. may be open a shopping mall or a cafeteria. i will also accept bitcoin from the customers. Wow this is very good to hear that you earned so much with bitcoins that you are thinking of opening a cafe and shops. I personally have not made huge profits but always loved to gamble and that is with what most of my bitcoin and time goes. Now I realize only real time services are best thing we can do with bitcoins to make them grow. |
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The most frustrating stuff that bitcoin has is that when you are scammed by the other person or company. It is impossible for you to bring back your money because of the lack of incentives that we have. One great example is the Hash ocean. They scammed about 700+ thousand individuals and sadly, they cannot be traced or put into jail. Its because we dont have a legal protection against these people who dont give back the right services and payments that we should have. If a certain law will be established with regards to this problem. I think the bitcoin community will grow rapidly.
Yeah right that is one the problem about bitcoin if you really want to protect your self from dealing someone choose trusted escrow.. And don't expect for cloud mining service that you can earn there they are just fake scammers they are just the same as any investment sites.. Cloud mining was a nice concept which is brutally destroyed by ponzi owners, as they got a new name to call their ponzi scam sites. The best thing, we must have to do as of now is to stay away from any site that is recently opened and is showing too much of promises. |
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Let's say you wake up some day and you get like 1 BTC. For me this is a lot. What do you do? You return back the BTC to the owner, do you keep it? and why.
I don't know what I would do to be honest. I mean who knows if the guy that just sent you this is a criminal or a good man? Very tough decision. For someone like me that has a small BTC wallet and is trying to make as much BTC as possible before its too late due price going too high, it would be hard to return it, but I would feel bad to keep it too.
for me it depends on the situation if i know who sending it to me. i dont see areason why i dont give it back to them.if i dont know whos sending it tome i acept it as a gift of course  Me too, i will not return until and unless the sender proves it and needs it badly. I think sending it back is like kicking your own fortune. Though, I would never like to scam and return it in case he thinks that way and gets serious like I am running away with his bitcoins. |
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This time bitcoin had many ways to use so yes I spend it some times with my need, like buying in online stores who accept bitcoin as payment top up my phone and of course paying some of bills trough btc 😂😂😂 and well I'm happy with atleast I can use it any time I need it.
Yes topping up my phone is not something i have yet done using bitcoin, what service do you use to do this and is it available world wide? There are mainly two sites, one is piiko and the other is bitrefill but the best one among these both is piiko because it has much cheaper prices as compared to bitrefill. I think though you can also get recharge via localbitcoin from people. |
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Well man I get most of my capital for altcoin trading in signature campaigns. Then I get most of my coins from altcoin trading. I get some of my coins partly from gambling faucet.
the same for me in my opinion i get a lot of bitcoins from trading to be honest and it is my main source of income with bitcoins, to be honest i know that faucets will not earn me much Faucets are only good for those who are really new to bitcoins and really have no other source of getting bitcoins. I get my bitcoins from signature campaigns and doing service for others. It's not some major service though, just small typing jobs and offering assistance or something. |
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If bitcoins rose to $1M each I would sell 5 coins and retire to some tropical island.
$5M and retire to some tropical island? Man, I don't want to sound really greedy but I'd love to get my hands on even more coins if possible and probably try to get more, not just for me, but for my family as well, and their families. You could say that I may be greedy but I'm being greedy for my family. |
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My btc addy : 1M2EWnkjgvvJe5TrFzNHXfubGcuNifeQTy
Thank you.
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bitcoin is safer by choosing good wallet , you can buy it for real money which gives more profit when bitcoin price goes high and then you can convert it to real money. we can buy with real money when bitcoin price is low , store it on good wallet and sell it when bitcoin price goes high.
I would say that both are safe, bitcoin and real money. But it is good if you are going to put your real money in bitcoin. That means you are investing in bitcoin. But I would say don't invest all your real money in bitcoin. There are risks in both. The only factor to be considered is which of which has less risks and I'd say bitcoin would be my guess, just as long as we keep our wallets in check every so often. It's not something that's actually easy to be robbed unlike real cash where it's very "appealing" to the eyes. |
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explain that bitcoin is a payment as well as PayPal and credit cards. give-step explanations. make sure they do not bother when you are in and of itself.
It is better if you are going to say that bitcoin is better than paypal. And it is a good alternative for paypal. Just explain brief and concise. Like saying literally is a currency by itself. And you can use it online for purchasing things to selected merchants. The average person doesn't care about decentralization, they just want fast and cheap payments. Unfortunately the average person is too stupid to see the importance of Bitcoin, so I say forget about telling them about Bitcoin until Lightning is operative. Then when they see the speed and cheap payments they will all come. You are right they doesn't really care about it. Not just the cheap payments and fast transaction are the things that you are going to tell them. But also that it is a real money. And they can earn it buy doing some online task. Depends on the interest of a person on the approach you'd take to explain what bitcoin is. Generally, you'd only explain the surface of what bitcoin is, the purpose, why it exists, and how we use it. Then further explanations would depend on the reaction of who you are telling bitcoin to. |
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If I were rich, I'd probably choose another way to interact with gambling - buying a casino  a good way  but full of high risk than gambling. because having a casino is to be given a guarantee of safety and comfort. So if you don't have these criteria then don't ever buy a casino or you'll go crazy I think that also means that he is doing gambling for money, because you see even when he gets rich he has intentions to earn more and more ( which is good though ) but that means you are gambling just to earn bitcoins not for the real purpose of gambling i.e entertainment. |
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Yes if you have money to spend. You must invest in bitcoin casinos. It is always beneficial for you. But you must be sure that
casino has well reputation.
of course, that is the basic in investing, make sure you are investing in a profitable business and trustworthy. Bitcoin is increasing in terms of price and since online casinos are profitable, you are like investing receiving a huge amount of interest. It likely won't be a huge amount of interest, primarily because of the fact that even though there is the potential for a lot of interest to be paid out to the investor, the company will likely want to keep a fixed rate of something like 2% so that they are able to keep a majority of the funds for themselves. We see this in real companies and their dividends, and so such a thing happening with a Bitcoin casino wouldn't surprise me. Not all companies do have a 2% interest fortheir investors, Every company have their own explanation regarding the interest that their investors will receive. One more thing if some of the companies as what you had just said had 2% interest, Then I think It is still profitable for a big amount of money that are going to be invested on those companies. Well, if a site or casino has a higher house edge then surely they would have less wagered amount daily, hence you will get almost same on every site, no matter what edge they have because that is compromised with wagering. |
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For me, the main problem Bitcoin actually like any other deflationary currency is stagnating. Roughly speaking, the growing exchange rate encourages people to not spend money and accumulate them. In addition, the opportunity to profit from a simple moneymaking saves people from having to produce goods and services. The result is a hard crisis of the entire economy, because a society can not live in abundance, when nobody does anything.
this is a big issue with bitcoin and it is slowing down the process of adoption. because people are just holding their coins and are refusing to spend it and in order to become more popular and reaching the adoption stage you should spend bitcoin on services to spread it so the price can really rise and not just get pumped. Well, not really spending spreads bitcoins to new users. What spreads bitcoins to new users is people, if you do not spend any bitcoins no problem just make a agenda that daily you will educate 5 people about bitcoins. That would indirectly help yourself in my perspective. |
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I use bitcoin for both as currency and investment. I invest my real money into bitcoin and save some bitcoins until the halving come and i use bitcoin for paying some transaction online.
Me either I'm using bitcoin as a currency and investment. As a currency as I can buy prepaid loads online with the use of it and send payments to the people I'm transacting. And as an investment as I'm holding out few bitcoins in my wallet. At the very least, mostly everyone is using bitcoin as both currency and investment. I am not saying literally every bitcoin user because I know there will be some special ones who'd dare say that they aren't. |
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Hey guys, I just spoke to a guy over chat who told me his plan was to get 100 BTC, wait for the price to reach $5k per BTC and retire after that. Since he lives in a third world county, that might be possible for him. I know this is a simplification of the problem but I d like to know what s your plan. How many BTC is your goal, at what price and what happens once you reach that goal. After all, we have all been involved in a dream, why not dream it a bit more. I have a plan to get rich with bitcoin. My plan is. I will gather all my earning bitcoin. And the if my bitcoin is bigger. I should to invest to the other investments website. And the rest i play a gambling game. Because gambling is the simple way to get and earn bitcoin faster. 😂 but not all the time is win if I'm playing a gambling. And then. If I'll have a big amount of bitcoin. I should sell to all of them. And withdraw through as a real money. That's all thank you. 😂 Investment websites? No. Gambling is simple way to get and earn bitcoin faster? Plausible, highly not recommended. Bitcoin itself is already an investment. I wouldn't bother holding it in and waiting it out to grow in value. Investing it in 'investment websites' namely cloudmining sites which are mostly ponzi scams is just going to be a bust. Gambling is also a goner for me since I'm bad at gambling and it's a golden rule that the house always wins. |
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buying or holding a bitcoin is also a investment and also it has a risk because you spend and risk money just to make some profit and try if your money will grow . you should think twice before investing your money .
I think all investing is risky, but the good thing with bitcoins is that the price fluctuates that much and we have reach the peak of $1,000 and with that amount we can still achieve so it is good to buy now and hold it in the future. Yes, earlier I made some investments and hence lost my bitcoins by 25% but now due to the price increase I again have 175% ( as the price has been doubled ) . So, yes I vote for holding right now better than investing. Still, investing will get you chances to raise the number of holding bitcoins. |
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I am buying it at dips of 650 whenever it takes place, because I know this will go above 1k and I will be able to double my investment in no time.
Yes it's the right choice to buy bitcoin before halving but if I may be honest to buy when prices are high like this is very risky suffered loss. this factor too that make me concerned to set the alarm of bitcoin price for every 2 hours. To be honest, I don't think bitcoin will drop at $650 anymore since the price is once again steadily going up. If it did however drops down at ~$675, I'd be sure to buy again. Waiting for that time to come however is very risky because the chances of bitcoin going up is higher than it is going down. |
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No offense but this thread should actually be in Speculation because it asks for what we speculate on that certain date.
It's just a little annoying that multiple threads of nearly the same question is being created.
"What will happen to bitcoin in 2xxx?" "Bitcoin in 2xxx" "2xxx, year of bitcoin" "Future of bitcoin?" and similar thread titles.
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I think one of the major drawbacks is for the newbies, and even for the experienced, it's very easy to make a mistake and end up paying a lot of money, or not enough money, but mistakingly adding or subtracting a zero or moving a comma, and BTC has no way to get refunds so..
That can really be a reason as people might feel that once sent the bitcoins with wrong amounts, it is similar to seeing your money being burned live. But I feel users are careful and should be careful enough to avoid such mistakes again. Thank you very much for sharing. It would help a lot of members here. |
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