Maybe just 50% of my salary would be nice because we also need cash in time since most of the people working have their own family to support and you know having a family is not that easy because you have to buy that, that, and that and other stuffs that needs in your home that's why I think it would be better if only the half of our salary would be in bitcoin and the other half would be on cash.
If companies prefers to pay you in both the ways then its good to accept a part of salary in bitcoins, but still I will prefer to accept only 20% of salary in bitcoins as I need more of fiat for my daily expenses. 20% is good. It is just like automatically deducting you for an investment. I would much rather receive my payments in Bitcoin as it makes my life a whole lot simpler. I have been working with conventional banking systems for a number of my ventures and the amount of time it takes to get the tiniest things done is nerve wrecking. The convenience and speed of the blockchain is unravelled when it comes to global economies interacting with each other. If anything, the financial system is a good example of how systems thrive in the absence of a government intervening at every step.
If you start accepting salary in bitcon then how would you react if you see lower price on pay day? What will you do if you need money desperately? Will you wait for the right time to sell them or will your prefer to sell them for loss? I think I didn't clarify sufficiently and I apologize for the same. I already work with people around the globe and they send me money on a routine basis. If its via bitcoin I can just exchange it instantly and lose nothing in the process. If its through banks it takes much longer to come. I do not hodl Bitcoin so the exposure is much lower for me. Hope this clarifies my stance. This is a good example on how bitcoin can be a great help in global economy. I hope employers will start to use bitcoin so that we bitcoin users will have a choice to accept fiat or bitcoin. |
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To be honest, i don't know why this thread have so many pages?!?! It is easy! Savings are for stupids, investments are for smarts! You're welcome and good luck!  Good luck with that. Be sure to put all your money on investments then, and if you have emergency good luck finding money when your finances is locked on investment or be prepared to cash out on loss. Savings are not for stupids, those who rushed out to investments without back up and plans are the stupid ones. |
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not broke if OP get back his 5 btc because it is already profit if want to sell now, or maybe he already sold it at highest rate before halving because this is an old thread,
People have great plans and high expectations about them hodling their coins for a very long time, but as soon as the price starts to go up, these plans go to waste as people are too tempted to sell their coins. Due to the lack of communication from OP's side I seriously think he already have sold his coins which I could understand if he sold at the peak in June. It is part of investment discipline to stick with the plan no matter what happen. Sometimes we invested on something, then we get cold feet and sell back everything that cost our profit. It is amplified in bitcoin because there is really no certainty in bitcoin and the price keeps fluctuating sometimes. That will cause the newbie investors to panic sell instead of holding. |
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If you are trading you should trading as a business any outside this don't work. Don't trading more than ten percent of you capital and since is business don't expect to make profit all time. Keep you eye on your emotion.
10% is what I consider to be quite a low amount for trading purposes. I personally have like 50% of my total wealth in Bitcoin, from which I use 25% for trading purposes, and the other 25% is meant for holding only. Every percentage of profit that I can make per month is more than welcome as I mainly focus on how much I have made after exactly a year period. That depends on how much the exact amount equivalent to 10% of your total wealth, if you are holding millions or billions then that should be a big amount already for trading, you could have established a big business with that money and will guarantee you profit. 10% of your money is enough for risky investments like trading bitcoin. You do not want to put all your money in a still very risky investment. Even if you are just trading it, you should just start with 10% and make it grow. Remember, you should have other investments too, so that if your trading fails, you have other investments to cover you. |
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Probably no because work is my daily life. It is the soul of the society in which you need to face some men and women to grow your personality in the industry you place. Bonding with your friends and co-workers makes you feel better than isolating to the other person. Therefore socialism is acquired to your life.
Why did you think that working in bitcoin will isolate you from society? It is just a job like any other job. I do not think it will take you so much time in bitcoin that you will not associate with your friends anymore. In fact, since there is no required time for bitcoin, you hold your time in your hands. You can socialize at the time you want and work at the time you choose. |
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If you want to manage your income the first way is to have a stable capital funds because if you have stable capital funds you can now invest in some legitimate online investment site. You can also trade your money through the trading site to buy stacks and sell it in the near future to get profit.
Actually you can test your managing skill if you have no money, or only have few... That way you have no choice but to adjust everything til the next money enters into your wallet... If you have a lot of money there will be a lot of room for mistakes and tests... You do not want to be put in that position just to test your skills in managing your money. As much as possible, it is better to have a steady income and just manage your expenses accordingly. If in the end of the month you still have money for saving and investment and still have extra money for extra expenses, then you are doing well in managing your money. |
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Trading is a very unpredictable job. One day you can make alot of profit and the other day you can lose it all plus more.
You have to be good at analyzing so you know the risks and which trade is worth it. If you are not good at that you will be bankrupt quickly.
Of course it is unpredictable because the price of cryptocurrency is not just based on the market but also on the sentiments or psychology of the users. Even if the graph says something, it can still go the other way. All we can do is speculate and hope our speculations are right. |
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Holding the bitcoin is good and you can make some good profits if you are doing this but keep in mind that it can also let you lose money.
I think that long terms are good but it almost always has to be a high amount.
You can make some good amount with long terms but I agree about the fact that its not worth to do this with low amounts because than you are waiting on minimal profits. I think its better to just invest small amounts and long term investing with large amounts. Right, I do not think that making a few btc idle for 5 years (just an example of long term investment, you can hold longer) is worth it. even if the price reaches over 1000$, you can still make more money trading some coins, investing some and holding some. |
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For me real world job is the most effective to have a steady income, while I consider signature ad campaign in this forum as a part-time side job which is not stable imo.
yeah I did that. this time I worked as a staff in a company and it gives me a fixed income every month. I use Siganture campaign for extra income That is the right thing to do, earning from signature campaign is good as an passive income but we cannot rely only on it as we never know that when signature campaign will disappear. There are significantly more jobs in real life than in bitcoin world. So you have more chance to find a steady income there than in bitcoin. What you can find in bitcoin for now are part time income and investment opportunity. I think it is better if we can add some investments thru bitcoin in our portfolio. Income from jobs are good, but passive income from investments are better. |
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I would certainly store most part of it for a very long time. The price is not going up right now, but I think there are good chances for the future.
I think if I have 10 BTC course it is a very large number, of course I will always watch very carefully. so I'll just hold it. it will remain profitablle the best way you have to do is hold 5 BTC and using 5 BTC's capital or grow it to become larger. so you do not just wait for bitcoin price increases, because it always takes a long time. Actively growing your bitcoin is better than passively waiting for the price to go to the moon. It could also involve some risk but I think the risk is manageable and you can be very profitable in investing or in trading. |
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2.5 years is a long time and if you not sold a penny in that time its just stupid, I think that you should have sold it all ready to be honest.
its stupid if you have not done this..
How can he be stupid? He is holding a good investment. Even if the price today has gone up and could be 3 times the value when bought it. If he is still holding, then we have the same belief that the price of bitcoin will still go up in the future. |
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what i do is that i always keep an emergency money in the bank with my bank card so it is always at hand for cases of emergency and each month i deduct my expenses and spend that money and if by any chance there is anything left over i would invest it , most probably in bitcoin.
Congrats for having an emergency fund. We all must have that rainy-day-fund to save us from trouble when bad situations happen. But the process you do to come up with the money for investment is backwards. You should figure an amount you need to save for investment, then deduct that to your salary and put it somewhere else. The remaining money will be budgeted for you expenses. If you priorities expenses, you will mostly end up nothing for investments. |
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of course,i wan to leave my job NOW! but still don have stable income for bitcoin now lol ... if you have no stable income in btc then how can you say that you can leave . it is good to show your honest and trust on bitcoin but don't lie . always remain with the truthness of what you are doing and what you want . I think he just wants to leave his job not because of bitcoin. Maybe he is not happy with the current job he have. Many are like that, we do not enjoy our day jobs. And maybe he is young so he can risk leaving his job and throw his luck with bitcoin. |
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No I would not accept anything in bitcoins from my salary because it does not help me or something.
If I would get this I had to transfer it all to another currency, and I think that is not smart.
And the fact is we cannot spend them directly at physical places and if have to spend them we need to convert them to fiat first so in that case it doesn't make any sense in accepting salary in bitcoins. We are already receiving bitcoin as salary. We are not getting paid in dollars in our signature campaigns pay. Even if you have a day job, we are already receiving part of our income in bitcoin. If my boss will offer to pay in bitcoin, I will accept it. I will just convert what I need in a month's budget. Then the rest I will hold. So even if the price jumps up and down short term, I will still have bitcoins that will profit in long term. |
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I will buy bitcoins if the price of bitcoin is decrease 10% or more depends in the analysis in the chart.. we can not know the exact time but its my margin 10% to buy and sell it also for 10% increase..
as a trader your action is obstinately correct.. 10% low price is good if you can sell imediately after price increase. I mean if you buy 10 bitcoins when 10% price drop. and when 10 price increase then selling 10 bitcoins is would be difficult that time. That strategy does not work all the time, it is necessary that you have an idea on what you are buying, if you are buying altcoins and you just follow that method without studying a certain coins, you might be in danger because base on my experience when LIR drop, I bough some but now its dead almost. That is true to altcoins because there are a lot of not good altcoins. They are there just to scam some bitcoin holders. When the developers get their profit, they will drop the project. But we are talking about bitcoin here. So, if the price drops, buy some bitcoin because we expect it to bounce back and even be higher than before. |
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I think that's more on investment now due to lack of either physical or better alternatives for online stores that accept bitcoin. But here in our country we are already using bitcoin as currency sometimes, when paying bills and mobile load recharge, so it is really usefull for us.
even if you can pay in stores with bitcoin i don't think people will start spending their coins. they are probably too worried that when they spend their coins, that the price goes up afterwards, and thus they will miss out on profits. that's how people look at spending their coins. the intention to use it as a currency gets overpowered by the investment aspect. Maybe some but not all use bitcoin as an investment. Some of my friends readily spend their bitcoin once they receive it. But they also leave some for altcoin trading. They treat bitcoin as supplement for their income. I on the other prefer to save and hold my bitcoin for the future. But there are time I also need to spend my bitcoin for emergency purposes. |
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Currently not spending, just collecting from wherever I can. My goal is to reach 1+btc and then hold it long enough to sell it. I might trade on it as well. But as far as holding the coins is concerned, I will hold them till the price skyrockets and have no problem to hold that even if it takes a decade.
You have a great level of patience mate, as I won't be able to hold them too long, I will surely sell them when I will be making some profits from it and buy them again when price drops. Your technique can work. You make little profits then buy bitcoins again. You will end up with more bitcoin if you do that over and over again. It is better if you set aside some coins for holding (for when price suddenly surges up), then some for trading. |
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it's been fluctuating in a tight range. A small drop to the $590's is to be expected. I wouldn't be surprised if we saw a bigger drop, but it will go back up eventually.
I think this is normal with bitcoin. I will be more worried if the price is not moving at all. I think it is building steam for a bigger push too. It has been a while at this range. Maybe we can see 700 by next month ends. |
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Honestly, bitcoin is not suitable for everybody as a form of investment, especially the more conservative kind of investors. With the volatility in price, it serves as a deterrent for those people who would rather keep their money elsewhere because they are only after capital preservation. These people don't want to risk too much and would only go for safer investments.
You cannot blame them because that is their risk limit. The lesser the risk, the lesser the profit though. Bitcoin can be very risky but if it becomes successful, even with today's prize, we can still be very profitable. |
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That would be crazy for someone to stay here in bitcointalk and yet don't really care about bitcoin. he should have move elsewhere if thats the case.
but its possible to actually be here without even the knowledge about bitcoin particularly those who are just here to spam, the should don't even care what bitcoin is.
They will keep on spamming as they are earning from their campaign and I think their campaign manager should take care of that as I think signature campaign is the easiest way to earn bitcoins. Well if they keep spamming because of post qouta on their signature campaign then they definitely care about bitcoin since they are still pursuing to earn it. If they dont really care then they might not register and join in signature campaigns at all. All people on these forum do care about bitcoin for sure not only on opportunity on earning money but also we are here in able to learn more on thing regarding bitcoin and other things related to crypto currency which really helps a lot. Or they are just spamming to earn bitcoin then dump them bitcoin for fiat. I think that is what those spammers are doing in the forum. If bitcoin got wrecked, they will just switch to another income generating sites. They are just here for the money and not because they believe in bitcoin technology. |
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