It will be boring but it saves you the time and the trouble. Investing is risky. If you have no idea what you're doing, you'd be better off without it. Sure there's a possibility that you can earn even more bitcoins by trading or investing them to some altcoins (ICO), but there's even greater possibility that you'll lose money from it.

Simply holding it doesn't require any action and is less risky since it's likely that the price of bitcoin will increase even more in the future. This gives you time to do other things in life like establishing a business, going to work, etc.

Can't say anything about them, really. It's just the same "it's a legit cloud mining site" scenario over and over again just like hashOcean, we don't know if they are going to run away until they do. Let's say that hashNest is indeed legit and they don't have the objective to run away any time. Their rate will surely be really low because that's how a "legit" cloud mining site operates. You let other people rent your mining power but you give it for a little high price. It's basically just hardware mining but you let other people rent your rigs so you can have better profits. I think that's the only reason why legit cloud mining site operates.

See, that's sort of the problem with fiat. Only the government owns it and they are the only one that gives value to it. When they decided to pull out fiat, all of the fiat money that's with you will become valueless. And by valueless I mean like zero value. No one will accept your fiat anymore. This rarely happens and I'm not sure if this has happened before. What you should look up to is when your fiat gets devaluated and even trillion worth of your local fiat is not worth anything anymore. That can happen.

When you're using bitcoins, you're free from that issue. Even if your local fiat gets valueless, it's alright since you can exchange your bitcoins to any other fiat currency.

That's not entirely true. This is not your typical "Good things come to those who wait." It's actually "Good things come to those who hustle." to those who take risks. Bitcoin trading might not be profitable in the start but you will surely develop the skill needed to know if it's time to sell/buy bitcoins. The guy that will just plainly wait for 10 years will have much lesser reward/profit compared to the guy that spent that 10 years hustling, watching tutorials, talking to people that have experience in trading, etc.

But anyway, if you're too busy to teach yourself how to do bitcoin trading, you'd be better off without it.

@arestrader You don't have to wait for 2 years at all since it will be announced/decided on March 11. 5K$ in 2 years is too huge for a gain, tbh. Even if ETF gets approved, I don't think the bitcoin price will increase by that much.

@freedomgo The ETF approval will not cause the price of bitcoin to skyrocket. The more realistic way to look at it is that it will only help bitcoins to increase in the price in the long run, not instantly. Just consider it as one of the primary things that will contribute to bitcoin's growth.

I think it's the other way around. Trading doesn't require you to be active at all times. Most traders spend a lot of time reading about the coins, the news about bitcoins, etc.. They don't go on for hours and just watch the charts. They simply study the chart, look for the latest news about the coin, the potential of the coin, and then put a buy order or simply buy the coin and then put a sell order right away.

On the other hand, gambling requires you to be active unless you're playing dice and you're autobetting. But in most games (i.e. card games) you have to be active since you're the one to do the decision making.

Investing in many altcoins just lead to losses. If you only see 2 or 3 coins that have potential at the moment, then why would you invest in many altcoins? It would be much better if you invest a lot of money on those 2-3 coins rather investing small dividends of your total money into different altcoins. When you have invested in too many altcoins, even when one of them gave you profit, it will be cancelled out by the ones that gave you losses.

Although you can make another $40 the next day, you shouldn't be so carefree about investing. Money is still money and you're not going to live forever. If you carry on the "nevermind, I'll make another $40 tomorrow anyway", it will never change and you will continuously lose money.

Funny how I just proved your point wrong using facts and links of them and you just said "nothing special there" About the latest updates in the technology we can expect that rich countries like Singapore and the US will have it first.

[1] That's it? It's not a "that's it" thing because the concept of bitcoin definitely is not the same as the government's centralized system. From our point of view, it's pretty obvious that bitcoin users don't want to use fiat anymore and are well-aware of the fiat slavery going on in the system. It's not a "that's it" thing just because you saw Singapore and the US has accepted it. There's far more many countries and all these countries will have different opinion on something as big as bitcoin.

[2] Why? I don't see any reason why I cannot or shouldn't.

[3] Of course some Japanese have been using it. Just like how a couple of people in other countries are using it. Small amount of people using bitcoins in a country don't matter at all since all the rest are still using fiat and aren't aware of bitcoins at all. The latest development or implementation for bitcoin being a legal payment method will surely make a huge difference since it will make all the other Japanese people that something like bitcoins is existing and they can use it. And since Japan is one of the countries people look up to, if they started using bitcoins, other people might use it as well.

In no way you were forced to use fiat at all. You can use bitcoins to buy everything but it will be foolish to do extensive effort just to do so. For example, you want to buy a banana in your local market. Since obviously the seller of the banana only knows fiat, you're required to find someone who's willing to accept bitcoins in exchange for a banana. You simply have to find a bitcoin user, let the bitcoin user buy the banana (in fiat) and then you'll pay him bitcoins in exchange for the banana. It's foolish, right? When you can just buy it using your fiat.

Nevertheless, you still can buy anything using bitcoins. You're just not ready for that extra effort (stupid effort) needed.

1. Yes, you can, in so many ways. Some say that making paper wallet or a desktop wallet is safe but your computer might be already infected far before you made a desktop wallet or a cold wallet. Some only use online wallet but online wallet sites are hot in the eyes of hacker since they know it holds a lot of money.

2. While that is true, you can't lose significant amount of cash by dropping it accidentally. You can only lose a penny or two but never thousands of dollars since you don't usually carry that much money. Most of our money are in the banks.

3. Read number 1.

4. This reason is not enough to switch from using cash to bitcoins. It is true but have you ever accidentally ripped a paper money? In my entire life, I haven't even made a slight cut on any paper money that came to me. Moreover, a ripped paper money can be replaced by a new one in the banks with no fees at all.

Since you're a Newbie, I will assume that you've never heard of hashOcean, Scrypt.cc and the thousand other ponzi scams that are hiding under the name of "cloud mining". All of these website run away when there's already a good amount of people invested in their website. Mostly they claim that they got hacked so the investors will not feel as bad as when they simply run away without saying any lame reason to do so.

There might be an existing cloud mining site but it will be much better if you buy your own hardware if you can afford to buy one anyway.

I disagree. If you said that months ago, I might agree but AdSense has already done a new patch. Back then, youtubers click bait like crazy. Tons of videos were posted about "meeting Kylie Jenner" or some story time claiming that they died or kidnapped, basically anything that's really interesting. They earn money from AdSense for every click on their video but today, the viewers has to watch at least 10 minutes before the money gets credited on their account. It was first patched to have at least 2 minutes of view time but click baiters still gets money from that by having an introduction worth 2 minutes.

Click baiters's channel are already dead now since they can't do what they've been doing ever since. For you to have a legit income from Youtube, you would have to build up a legit audience to get legit views. You will be needing a good niche for that and making videos will surely require a lot of effort.

[2] Should it really be paper money? I don't think the materials will still be paper if it can survive disasters and all that. Even gold will be melted by fire. Even other materials will be destroyed by a disaster. It's an absurd idea to produce a paper money that is very durable because it will consume a lot of resources (imagine re-printing all the paper money) and paper money is nothing but a measure of unit (i.e. currency).

This is where the age of digital money takes over. Digital data can't be destroyed by any disaster and it can't be burnt or melted by fire since it's just a data. It's simply a stream of zeros and ones all saved on the Internet.

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[1] Actually, we might. When all of the things has destroyed by calamity, war, science, or whatever the future has to offer, we will go back to the same style of living in the past. In other words, the progress of human kind will fall back depending on how much was destroyed. By the time when all of these modern stuffs wasn't discovered yet, gold and other metals are valuable.

"Why should I care about how much they feed me as long as they are feeding me."

Take it like that. There's so much food and all those food came from your tree. Other people take all the fruits from your tree and it's totally fine to you because "why should I care about how much they feed me as long as they are feeding me.".

That's the same thing that's happening. They are making profits from your money. You could've made a lot of profits from it if you were the one that invested your money somewhere except the banks. Anyway, we have our own opinion. Maybe you just don't want to invest your money at all and you don't mind waiting for a year before you can get 1% or 5% profit of your money.

In bitcoins, you can get that amount of profit easily. You're saving your money in the bank, why not create a cold wallet, buy bitcoins and store it there? This will give you more profits if bitcoin continues to grow (which is very likely).

Sort of disagree. If you visit facebook and look at what a typical teenager's posts, there will be some articles about deep web because they think it's cool to read stuffs about it. Bitcoin has always been linked to deep web and to the black market because bitcoin is what they use (or at least what the articles say). Bitcoin advertisements are also around the internet. If you're an average joe looking for some more ways to earn money, you probably have searched "How to earn money online" or something alone those lines. One of the first results will give you some idea about bitcoin and other cryptocurrency, together with PTC, freelancer, etc.

Techy companies usually talk about bitcoins, as well, at some point on their event. It might be out of topic but a bitcoin user always talk about bitcoins without him knowing that his point is leading to that.

You are just explaining how the market works. Basically what happens is when someone's buying, the price increase. Otherwise, it will decrease. Nothing so special at all but that's what price pump-and-dumpers take advantage of. They pump the market, and spread rumors that it's a good buy, and when the price has increased enough, they will dump their coin. And since it will create panic selling, the price will decrease even more, then they can buy at a lower price again.

Now why does price manipulation doesn't happen often despite the fact that it's easy to do. One thing, the whales are not after that. They are in this for the long run. And they are thinking that it will be much better for the whole bitcoin community if no one is going to rape its market by doing pump and dump.

tl;dr: Yes, we can manipulate the bitcoin price if we have enough money but when you're at that position, you would realize that holding your coins will be much better.

Price manipulation usually happens in altcoins because the volume is much lesser and an average bitcoin user can do a pump and dump there.

Sure you can print out an image that looks exactly the same as paper money. But paper money has so much details in it. When you use a violet light (if that's what it's called), you'll see that there are lines on your money. Not sure about your currency, though. But in my place, fake paper money can easily be identified since there are parts of the paper in the real paper money that can't be copied perfectly since it requires different types of equipment.

Like, how much funds do these people that print out fake money actually have to be able to create an exact copy of paper money? The materials used in our paper money came from different places and can't just acquired easily. People that print out fake money will be needing huge amount of money to get all these materials and by the time that they were able to print out an exact copy of paper money, the money that they spent to do so (i.e. machines, woods/plastic for paper and all its details) will be much greater than the amount of fake money that they can create.

[1] That would be a hard thing to do since most trusted members here are loaded with money. It's kind of rare to find a trusted member asking for a loan. Plus, picking only trusted member removes all the people that only have neutral trust. The number of possible customers of your lending service will be narrowed down a lot (like a lot). It would be rare for you to have a customer at all since trusted members will choose to loan money from people that they have transacted with in the past.

[2] That doesn't make much sense since someone can just ask a loan on you and pay it always on time and then in the end as for a higher loan and then run away. Scammers will basically grow his trust from you and then scam you when you're ready to give them a high loan.

No matter how hard you try to look up the best HYIP program out there in terms of large community, long term, ROI span, etc. your efforts will never be worth it. All the HYIPs that have large community only got lucky enough that their website got promoted a lot by their investors for their affiliate program. Long term, that's something that will never ever happen in an HYIP program. And even if you can ROI in less than 3 months or so, most HYIPs run away before that.

I disagree with the "silent when they are successful" because most HYIP players promote their referral link nonstop. Literally every payout that they made, they will post it in every website that has bitcoin users.

tl;dr: If you have the capital, don't bother thinking of investing it in an HYIP program.

If that's the case, then all the other cryptocurrencies will be replacing bitcoins. There are far smaller fees and far shorter transaction confirmation time on all the other coins. The problem is that bitcoin is still the best coin to buy since it's the coin that has the most merchants (compare to other cryptocurrencies) and the price of bitcoin has more volatility than other coins. Other cryptocoins after getting hyped dies quickly because the pump-and-dumpers have already made a few bucks and for them it's time to exit the scene.

I don't think bitcoin is replaceable by other cryptocurrency at all because if it is, then it should've been replaced by now. Only way for bitcoin to be replaced by another cryptocurrency is when bitcoin is already gone (i.e. destroyed.)