i dont believe in bitcoins anymore because there are allot of people who lost allot of coins becuuse there are allot of hackers around the bitcoin so i would say stop using bitcoins trust gold and get away with the online coins.
I think you are not protecting your coins well enough. Even fiat or gold can be stolen if you do not lock your doors at night. So keep your online wallet credentials safe or better yet, store your coins on your own desktop. Keep them safe always and it will not be lost from you. You are missing a lot if you are not into bitcoin right now. |
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If I needed money desperately, I would choose to sell my gold or sell some unwanted stuff. I hold shares as well and they can always come handy when I am in need of money and there are some users who pay in bitcoins for shares. It's a better investment. Taking loans is too risky and I avoid doing it at any cost.
yeah I also prefer to sell trinkets or sell my shares The most likely is to sell my gold because you do not have to wait for the price rise in gold. I could immediately sell it for a price of gold has been relatively high. You also do not need to sell your bitcoin if at that time was at a low price How about if there is not stuff you had cellphone laptop or anything only clothes you have do you think you can be still make money? For skills still the best if you have many skills you can survive without those stuff for emergency purposes like repairing cellphone i can offer my service every each neighbors and pay low from a regular price so that you can attract them to test your service.. If you are desperate need of money you have no time to get your money by working, you need to sell all your stuffs just to raise the money you need, sell everything to save the emergency. Agree, having no savings and you encountered an emergency will surely give you the worst decision that you will make. That's sacrificing things you want like hobbies or even putting yourself in a risk like doing crimes just to get that money you need. That would be the worst case scenario. But I believe all of us have friends where we can turn to whenever we are in need. I am sure they can help you in your emergency and loan you some money. You can pay them up when you are thru the hard times and well and working again. Just be sure to work and not be a lazy person and rely on them all the time or else they will be tired of helping you. |
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how do people not see that the price was already built in pre halving. People bought in advance and made bitcoin double plus
some. We were at 300 it shot over 600 - Now its settling in right around where it should be. Hopefully it stays above 600 and sets
up for another rise over 700
Isn't that what we all wanted. Surprisingly, bitcoin is stable at 650+. It has been there for a while now and I think it is building up steam to push up to 700. And it will happen unless there is a catastrophe that will pull bitcoin down. We will feel the effect of bitcoin halving in a few months, not instantly. |
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I have found some people who claims that they have put some btc onto offline wallet,an they want to store it for about 10 years,i have a friend who did that actually.I dont like long term investments,but true,it might get them really big profit after some time,if btc wont die. I think that cash is much better anyway, it's simple for use and also not so risky to use as bitcoins, i think that bitcoin is losing to cash in many cases.
You mean having bitcoin is risky? Why,because it is new or because it is easy to stole it? Actually it is not easy,bitcoins are very secure if you know what you are doing,anyway you can but a lot of thing's with bitcoin,even in malls. In a few countries yes. And you are right bitcoin is more secured than having cash in your wallet. Just think of a robbery situation. When someone snatched your wallet your bitcoin will not be with it. Yeah but i know some dumb people who have their bitcoin ID ( for logging in ) and password to it written on a paper and they hold it with them every where they go hahaha. I love the idea of using btc because i dont have to leave bank's any cash,I just dont let them earn. I do not think pick pockets and small time robbers who snatch people's purse knows about or care about bitcoins. They will see that piece of paper and will think it is trash. So just change the password and your coins are safe again. And I do not think people will place bitcoin wallet login and password on the same place. Atleast they know it by heart, so no one can rob it from them. |
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I don't like to do different stuff with managing money for me is much better to give this work to other people, i am a creator and i have many ideas about earning money  All your earnings will be lost if you cannot manage your money. That is something that everyone should master before going into investments or businesses. If you care about the money which you worked hard for, managing your cashflow is important and should not just be given to random people around you. Do it yourself and you will have a better future. |
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Best way to manage money is give this work for people who know how to do this or if you are can manage this solo better to try, for me is much better not to try You have to do it on your own if you are just an average person. You cannot afford a financial manager if you are just getting salary. Hire a financial manager if you own a business and that business is doing well. Otherwise, learn how to control your cashflow by your own. It is better if you do it so that you know where to tighten budgets and where to increase it. |
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If you were in desperate need for money / Bitcoins, what would you do? How to get it, earn it, whatw are your solutions and experiences? I wonder what people are ready to do when money is the problem.
Loan. Most people will loan out from friends or institutions just to solve money problem temporarily. But the best solution is to have a steady income, invest and earn more so that there will be no time that you will have shortage of money. You just need to work hard to do it. |
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It matters because people are attracted to things that have high value. And more people will have more interest to bitcoin if it has higher value just right now. The price is very high and people are motivated to earn bitcoin because they can exchange it to more dollars thus higher pay for them.
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Currently it is stable , need not worry for bitcoin price not increasing after halving , we may need to wait for week or month , once more demand is there bitcoin price starts increasing  I think too slow to increase. bitcoin should be increased quickly after halving occurs. but I remain grateful that bitcoin is not decreasing in price very much. yes it is indeed stable, the miners still not losing hope, or rather they had still much tolerance and prepared for the halving, other folks disappointed on the speculations have been read for the halving about. but if you will look at the trend, the price isn't that low and we must be grateful about it. The price is actually high. It rose to 650 from 450 in just a few months. It already rose even before the halving so I think the miners will still have a comfortable profit even when the reward was cut into half. If bitcoin is still stable after a few months, the price will still go higher. |
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both are is so good, first invest it, after having profit, you may save the profit
i dont agree with you that both are great decisions because in my opinion it is much better to save money because i think that people would earn more money if they save it They will only save more but they will not earn more if all they do is save money. And if you just save, in long term, that saved money will lose its value thru inflation. So, though saving is good, it is not a good option long term. It is better if you have a good investment while having a good amount of savings. Your money will earn while it is invested and your savings account will be your back up plan if things did not look good in your investments. |
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invest can make you rich but the chance to lost your money is highest too.
save make your money growing very slowly but the chance to lost your money is very low too.
If you just save your money, you lose its value thru inflation. You can overcome inflation by investing your money. Let your money work for you thru investments and someday you will have enough investment and you do not have to work anymore but you can still have a comfortable life. |
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Well for me its better to have bitcoin instead of cash because it's value goes up and down. So I sell my bitcoin when price is high then buy when the price is low so that my bitcoin get multiplied. Yeah, that is an opportunity to be rich when the price gets really high. Fiat cannot do that because you need a lot of money to be able to trade in fiat. But in bitcoin, you only need a few and you can start trading immediately. And no need for identification before you can trade, just register on a trading platform and your good to go. |
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I already gave up on my dream of making millions out of BTC.
Because you cannot earn a lot without risking something first.
Then you have no chance to be rich because you already gave up. If you can't get millions then do thousands. The key is to never give up. As long as you are doing something to achieve your goals, there will be a time you will achieve it. But if you give up, then there is no chance at all. |
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It should be mixture of both between investment and saving. of course if you have a good strategy for investment and saving money.
i think it depends on where you invest it, if in ponzies then you shouldnt put any money into it, but if you invest only in bitcoins then yes, then you should save bitcoins for as long as you can It is already understood that ponzi are not included in investment. Only investments that are legal and making money should be counted in contrast with savings. Otherwise, you are suggesting to just throw your money away if you put it on ponzi investment. |
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What is letting people not using the bitcoin is the bad name, a lot of media has really given the bitcoin a bad name.
People are thinking its only used by criminals...
Those are the people with narrow mindsets and I really don't think that we should waste our time in thinking what people around us are thinking about bitcoin, better to move ahead and keep on earning. Yeah, you know the benefits of bitcoin and the opportunities it gives to people of using it. If other people can't see it, then it is their loss not yours. Important thing is, you share it to them and that you explained it to them. If bad news stop them from using bitcoin, it is their wrong. Just enjoy earning and using bitcoin. |
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I do not want to receive my salary in Bitcoins because there is not much that I can do worth them I cannot pay my bills and other stuff with them. It would not make much sense to make them that way in my opinion.
There are advantages of receiving bitcoin as salary. The price always moves so, even if you have to convert them to fiat first, you can choose when to convert. You can convert it when the price is high, so you actually will get paid more than usual. That is a good thing, and if the price is low, you will receive more bitcoin as payment. |
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I could only spend my bitcoin to recharge my mobile or for gambling. not much just that for the time being.
Active usage of bitcoin mostly takes place while placing bets, rather than that I prefer to convert to local currency and use it because of the limited acceptance of bitcoin in mycountry. I have the same issue. There is no merchants here in our country that accepts bitcoin as payment. So for now, I am converting it to fiat first before I can use it. I hope someday merchants from here also adopt bitcoin as payment so I can easily use it without having to convert first. |
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Me too I'm just holding my bitcoin today to my wallet and it is because the people are speculating that bitcoins price will increase after the halving.
And I'm just following their speculations and hoping for a price increase also.
While following others speculation, make sure you are always up to date with the latest price rallies. Since price increase and decrease will be based on that and not with the halving itself. Watch out those big whales moves. well even though you will be up to date with all the news in my opinion it would still be really hard to know whether the price is going to grow or it is going to fall, so i doubt anyone can predict the price im holding my bitcoins at the moment because im pretty sure the price is going to grow at a really fast speed i think it will allow me to make some good profit in the near future after halving That is why it is called prediction. It is hard and there is no right predictions all the time. You can only speculate on the price movement based on what you read on the news and in case of bitcoin the major psychological trends towards it. So if there is a hype on bitcoin because of halving, probably its price will go up high. |
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Bitcoin is used for illegal activities but so are many other currencies, I do not see how this could effect the Bitcoin price.
Precisely, any currency can be used in illegal activities. It is already known that bitcoin is used in underground market and yet here we are. The price is soaring high and the community is growing steadily. It can be used in good or illegal ways, but it is just a currency. The fault is in the user not in bitcoin. |
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Do you think that in this year halving is a profitable???
Yes i think bitcoin will rise this halving, Bitcoin price today hits 600$ so bitcoin will continue its price to streaks to the highest as usual before halving occurs. bitcoin prices rose rapidly as a few years ago. but hopefully. after halving occurs. not going to panic selling. because maybe it will make the price go down very sharply. and I'm sure everyone does not like it. so but calm about what will happen to halving That will It is okay if you converted before the price goes down. It will be all profit then. And if you still wanted to invest again, just wait for the price drop and buy some bitcoins again. So I say halving is a very profitable event even if the price just fluctuates a bit. Every fluctuation is an opportunity. |
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