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Bitcoin has always been a "global currency" in that it can theoretically be accepted by anyone in the world at any time. It's still a very long shot from a legitimatised currency which you can realistically spend in a large amount of online stores or anything.
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My theory is that as Bitcoin becomes less and less practical for micro transactions it'll be more common for people to store larger amounts of money in Bitcoin instead, so investing is a good idea. However, due to volatility Bitcoin should be treated as a long-term investment unless you're good enough about trading to handle.
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If the investment is in something legitimate and preferably even something that exists in real life, it's a great idea to invest your money because saving it is not using it. This especially applies if you have a large amount of money.
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No it can't be. Dollar is very powerful and yet they will just let it? And in terms of legality and uses then dollar is on the upper hand. Bitcoin can be used like dolars but as we know Bitcoin has no concrete form which is one of the reasons why it cannot defeat dollars with many more reasons. Absence of physical form does not matter. The dollar also has a digital form, but it does not lose popularity because of this. The reason is different. Bitcoin will not replace the dollar for the reason that the government will not allow it The reason that the dollar's digital form is used is because its cash form was already used and people like to spend things which are legal tender and will be accepted in most places. That can change, but a physical form of cash will always be used for convenient transactions with people in real life rather than on the Internet, and that's why the US dollar will never be replaced by Bitcoin, just accompanied by it. |
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Kids don't need to learn about Bitcoin. In the future maybe it'll be easier to teach them, but right now it's not a good thing to teach them because they won't share your enthusiasm. Unless they have the maturity of a preteen or teenager, they'll just wonder why they can't spend it anywhere or use it every day and they'll give up.
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Not everything can actually deflate forever, it can just stay stable. Banks, as evil as they are, are heavily monitored by governments and in most countries they offer stable interest rates which are higher than inflation, so the actual loss from the inflation is less than zero.
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It's impossible for PayPal to scam anyone, they're massively regulated due to their prominence and state as an official regulated company.
They're a terrible service and they're not a good choice for people to hold a lot of money in, but they're not a scam by any means.
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No ltc fanboy. The hedge for btc is ethereum not ltc. Go away with you ltc propaganda Promoting either currency is not "propaganda", it's just a good suggestion. Litecoin has rose significantly recently and will not ever die completely due to its long-term legitimacy as a good coin. |
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Frankly, Bitcoin investments should be viewed pretty much the same way as fiat investments. It's based on people who are creating services or need money to run their services - you put money in, you receive a share of the profits. It's as simple as that. People point out how good casinos are for that, but they're just a certain scenario in which the investment is very clear. People need to find their opportunities among people who need money.
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You are right.I too started trading when i had a job.Since i had an other source of income from my job,i was able to trade freely and take small risks.Now i have left my job and have become a full time trader.I could now run my family through my trading earning.
There is no big risk at all being involved in trading. Some people worry about the bitcoin trading due to scammers may scam us once they receive the payment but Sites like polenix, yobit and localbitcoins are using better online escrow system. Payment will locked once the seller open the trade. Therefore you see the BTC chart continuously and fix the rate accordingly. Exchanges don't really use an escrow system, they just hold the funds themselves and promise to pay them to you when you want to withdraw them. |
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I am also feeling like the market cap is increased too much so that none of the whale is able to manipulate the market price but still if some whales collectively want to manipulate the price then they may do as they will need to buy some bitcoins at lower price.
The market capt doesn't mean anything when it comes to whales being able to manipulate the price. Important to know is that the things that greatly influence the price are the exchange from where the whale wants to manipulate the market from, and the number of available (tradable) coins in the market (specifically in the exchange the whale operates from). The market cap of Bitcoin is a combined number of every coin in existence. At this point I don't even think 20% of the total number of produced coins are circulating in the market. Says enough. The market cap is very easily manipulated because it doesn't relate to the actual liquidity of an exchange. People on an exchange can often change the market cap of a coin with just a few Bitcoin, sometimes even less, and the price changes very dramatically. Even Bitcoin exchanges have insanely low liquidity right now. |
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Thanks to all, leave yobit , buy tokens. good suggestions. Welcome to the forum Annie, I would advise you to start practical trading with low amounts and do that more frequently. Make sure you pick the right pair for trade because there are more than 600 altcoins at this moment and most of them are going to end up with a loss so be careful while choosing a pair. Alternatively, do your own research and don't rely on other's opinion, especially when it comes to the financial matters.
My suggestion are : - a lot of reading (about some potential coins such as byteball, dash, litecoin, zcash and so on) - watch and learn about charts and how it relates to 'time', so you can decide the best time to buy and sell - see what others talk about (reviews) - do your own research. Good luck. Thanks for your helpful suggestion. In order to find out potential coins( byteball, dash, litecoin, etherum, monero etc) and for selected new shitcoins need lot of experience so first learn how to trade.Only reading, research one of the most important things if you can do will help to improve your chances of success. Even if they're shitcoins you can make a profit from them, you just have to join in a non-scam ICO and get ready for when the coin starts so that you can dump as soon as the price gets pumped. |
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Chances are very good you will loose Even more if you go in for trading...
Rather than that.... Keeping 40 btc Is still trading because btc price will eventually go higher
Or you can invest for longterm in major promising Altcoin like Ethereum Dash XMR or Litecoin... etc
Well the cryptos that you've mentioned are also following the trading patterns of bitcoin for the most part, and apparently bitcoin is also doing good amidst the drama that is currently on going as to where are we going from here. I suggest that you just keep it as it is since the growth wouldn't stop here; there's a lot of money to be made in bitcoin. But to don't miss out on the opportunities, you can always try to diversify your assets. Generally it's good to put money in several different cryptocurrencies at once so that you know that they're fairly stable and likely to go up. There's a CRYPTO5 index in the securities section which invests in 5 cryptocurrencies and has had 300% increase in the past year as I recall. |
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I don't believe that he got hacked or this is a bought account as the password changed after doing the transaction according to the seclog: https://bitcointalk.org/seclog.phpToday at 05:48:50 PM - sabbirshm - password changed
We can't know further details as the seclog isn't really showing anything before 14 April for some reasons but there is definitely something phishy as the guy didn't do any trade until 25 March with a trusted member. My guess is that he was trying to build trust and scam high amounts. It's obvious that that's what he was doing. Doing trades doesn't lose him any money, so it's very easy for him to build up trust. It might have even been that he just bought his account and changed the password after the trade just because he bought it recently before doing the trade. |
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I think we are not going to see 1300 until May or June since we will need new money in order to make that push and reach that price and we will probably need even more good news coming for bitcoin to gives us a rally.
I think it will be hard to hit $1300 on May or June, because the price of bitcoin is kind of weird. If you look at the chart, when the bitcoin's price reach $1210+ the bitcoin price going down suddenly to $1180+ and the price increase again slowly and repeat. I don't know what happen but i think it means the price of bitcoin is stable for now. It just means that the $1220-$1250 resistance is very, very strong. You need a real positive trigger - like ETF approval or solution to the blocksize debate for these resistance levels to be breached. It's kind of obvious that the resistance at that kind of level would be pretty strong and there needed to be a correction. The Bitcoin price will be moving near sideways at a stalemate between bulls and bears for a month or so I think. |
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Bitcoin won't get to $2000 yet. It needs confidence from investors that it's not so volatile they can't handle the pressure. When it stabilises a tad, which I think it's starting to do even just for a few weeks, that's when the price will start going up there.
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I reckon somewhere in the later half of this year, maybe around October or November. The price is going to keep going up and it would be reasonable to expect it to keep going past that in the years to come.
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If literally no one spent it at all, mining would cease to be profitable in time due to the absence of transaction fees and eventually, when miners stop working, Bitcoin would become useless because no transfers would take place anymore.
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It is nice to see these old thread and see what people thought back in the day, for me it is difficult to imagine a time where bitcoin was only worth 10 dollars but I know that is true, also it is incredible how right the OP was about prices I hope he still holds his bitcoins and keeps getting richer thanks to it.
Give it time. It will be worth $10 again. LOL! I guess it would not be possible again, we will not see another big downfall because bitcoin has matured through time and more and more people are accustom with bitcoin which is hard to imagine the opposite result of success. yes that is very right that bitcoin has now too much mature and people are not going for panic selling any more we have two good examples when the the price of bitcoin start downfall but the people give a good support to bitcoin and now we can see bitcoin again trading above 1200 USD level. What's important isn't that Bitcoin could potentially fall, which it always could in theory, but the potential that Bitcoin will continue to rise further even though most of us are either a little bit late or lost many of our Bitcoin ages ago. |
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There are lots of ways to earn Bitcoin. You can look on this forum. For newbie, most of them are fond of using faucet but for me it is not advisable because it takes so much time. You can also earn by trading but you need to do research first. Some also love gambling but it is too risky. I love joining signatute campaign. You can join also in this forum those signature campaigns. If you have skills on computer programming like creating banners and signature codes, you can also earn Bitcoin through that. There are still more ways to earn. Just keep on reading in this forum and be careful also because there are lots of scammers in the Bitcoin community.
Using bitcoin faucet now a days will not be profitable since bitcoins price is so high and faucets only give very very tiny amount every time you claim into them.The best and recommended way of earning bitcoins is in signature campaigns here and other investment like trading Faucets will always give you the same tiny amount of money. The amount of Bitcoin they give you has lowered but the fiat value of that has pretty much remained the same. If you do claim, it might still be worth it if the price goes way up. |
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