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1
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Other / Off-topic / Re: Earning a living with bitcoin?
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on: March 23, 2016, 06:13:48 AM
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It's definitely possible to make a living out of bitcoin, but you will have to invest allot of money to make allot of money back.
If you're not investing as much don't expect to make lots of money fast. If you start with a low budget it will take some time before you will earn lots of money.
I think you do not have to always be investing, especially investing in bitcoin always use ponzi system. can't rely on bitcoin as a way to earn for our daily living, and we never really know til when bitcoin will be alive, and if something happen to bitcoin and we are all in, then it would be harder to find a job again.. |
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2
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Bitcoin / Bitcoin Discussion / Re: what happens to Bitcoin if internet goes down?
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on: March 23, 2016, 06:11:13 AM
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Bitcoin relies on the internet, and the power of computers around the world to power the transactions and iner-workings of the BTC. If the internet "goes down", there will be nothing left to power the whole BTC process, causing it to breakdown.
internet is available in certain locations of the world, you wouldn't be thinking about bitcoin if there was a nuclear war going on. You would just stop all the trading and whatever transactions you could make with internet. Once something happens that depends on life or death, money and bitcoin doesn't mean anything anymore. |
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3
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Bitcoin / Bitcoin Discussion / Re: Are you holding your bitcoin for a price increase?
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on: March 23, 2016, 06:10:14 AM
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Yes I'm holding them for a price increase because most likely there is gonna happen a price increase later this year.
The bitcoin has a really good future overall and the fact is also that the halving is coming this year so that is a good sign.
i am holding for the price increase , on every down of rate i buy with what i have saved for my investment and when ever my target comes i sell them and keep the money for another downfall and buy back,,. holding coins, but to be fair I am always going to hold coins no matter what the price. If it goes up a lot, I think I will keep them and sell some. If it goes down, |
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4
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Bitcoin / Bitcoin Discussion / Re: Is Bitcoin trusted to put your real money
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on: March 23, 2016, 06:09:16 AM
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Yes the bitcoin is trusted to put your money on, but the fact is that every investment has is own risks.
So no investment is risk free, but the bitcoin has a good future so it would be no problem.
Every investment has certain problem or risk. We were supposed to overcome the risks. In bitcoin too lots of risk from the price to its survival. So only our trust can change situations. very trusted to put your real money in I think. But price volatility makes me stop putting more. |
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5
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Bitcoin / Bitcoin Discussion / Re: What's stopping people from using bitcoin?
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on: March 23, 2016, 06:08:17 AM
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Major adjustments such as this take time to go underway. The concept of online currency might still be pretty foreign to many people, and can seem complicated or untrustworthy, despite the statistics that prove otherwise.
if are ordinary people who don't know about bitcoin. they will not be interested and close the page if it's about bitcoin, and therefore need an introduction and advertisement. so bitcoin could be known by the public. |
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6
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Economy / Trading Discussion / Re: What is your trading strategy?
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on: March 23, 2016, 06:05:44 AM
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My strategy is simple, buy when the price goes down and sell when the price goes up. I do a 50/50 split keep fiat on an exchange incase price moves to levarage against bitcoin dropping. The bitcoin I have on localbtc
I like your strategy. Since I'm new in bitcoin. How can I monitor the rate of bitcoin? And on what currency is it based upon? TIA This is a simple rule that has proved in finance science and it works in every investment area. There are many websites to check rate of bitcoin such as preev.com best strategy is to wait for a good price. But that also depends on how many it is used. If it is many used you can make more money. And the most important is that the value also must rise. |
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8
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Economy / Trading Discussion / Re: Best Investments
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on: March 23, 2016, 06:02:43 AM
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The best investments that you can make is that you can just make an investment in Bitcoin and that is will be very good in the future.
But you never know what will happen of course with the value and that is the problem. But we will see for what is going to happen in the future.
altcoin market has some great oppertunities. You can win big time.. but you can also lose big time. I had a little bit of litecoin and now they are not worth half of what I got them for. I don't know if the other ones that are out there are in the same situation as devaluing so fast but more than likely they are. Bitcoin is king and they all follow it's success and it's losses. |
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9
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Economy / Gambling discussion / Re: Why is gambling so addicting?
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on: March 23, 2016, 06:01:31 AM
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I think there is now better explanation to that than everyone wants money...You won't get addicted in gambling if it doesn't let you taste winning...and Probably others won't get addicted to it too when they don't stake their money into gambling...those who say that they are doing if for fun are not a true gambler or just sugarcoating their words to hide the truth that money is the reason why they are gambling..
hard to break a habit that practice every day but need to try hard and will be able to break that habit. also need to realize that gambling is only make poor me. |
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10
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Economy / Gambling discussion / Re: Gambling should be considered as a Sickness!!
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on: March 23, 2016, 06:00:08 AM
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I kind of agree, gambling is very exciting activity that pumps our adrenaline, when you win big in gambling it will lead to addiction , many people cant control the temptation of betting, in the end it will lead to addicted sickness
Gambling is a sickness, it is a very bad hobby and addiction and not suggesting to anyone to be related to it in anyway as it's very bad. |
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11
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Economy / Gambling discussion / Re: is gambling fix your life? or wreck your life?
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on: March 23, 2016, 05:58:50 AM
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Well for my experience with gambling i had lost around 2000dollars soo it had made a damage into my life on the short time,period were money i had saved and i could has used it to more usefull things.But well we learn with our mistakes,nowadays i do trade altcoins ,but only with what i earn from signatures,i cant no longer risk money from savings since i have a family now,on that time i were alone when i started those.
golden rule with gambling is to only bet what you can afford to lose & I can't stress that enough. Just gamble as a hobby, don't go chasing unrealistic amounts & stupid dreams because it'll only end in disaster. More often than not the bookie wins, remember that. |
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12
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Economy / Gambling discussion / Re: Is their any safe methods to gamble?
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on: March 23, 2016, 05:57:50 AM
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The safetiest that i know is to use the faucet bonus don't spend your bitcoin from your wallet just use the faucet bonus and make some profit if you are not lucky to get large amount.. its better to stop so that you can control your self for being greed..
Many people said high gain high risk so if you are not trying to gambling you wont get much money then always stuck in your life like that, never make any progression at all. |
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13
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Economy / Gambling discussion / Re: When gambling makes you cry.
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on: March 23, 2016, 05:55:53 AM
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This things happen to me recently when all my hard earning from siggy campaign got loss in one day playing dice with yobit, I earn almost .04 btc don't know but it's all my earnings from yobit and for just one day everything was lost because of the martigale system got 13 straight losing steak left me nothing with my btc account. don't played again lesson learned.
cried when i earned some bitcoin and my target was double so i started to play in bustabit and almost reached my target , my heart told to withdraw what ever you are having or play in small dont risk high , but my mind told one time play all in and if u win that will be bonus . |
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15
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Economy / Gambling discussion / Re: Gambling problem
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on: March 23, 2016, 05:52:02 AM
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A lot of people have a gambling problem these days but its also logical because gambling can be highly addicting like a game.
Most likely this is because of the feeling you have won and you want that again without knowing it you can addicted to it.
Overall I'm thinking self control will help the most people.
Everybody knows 'drugs are bad' and still there are plenty of addicts. Everybody knows cigarettes are bad for you and still there is millions of smokers in this world. Just as with those, everybody knows that the house always wins in gambling. |
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20
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Other / Off-topic / Re: Worst mistake you did with Bitcoin?
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on: March 22, 2016, 03:19:40 PM
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not invest in 2009
I do not consider this as a mistake because no one knows that bitcoin had all that potential profit during its first days. but you are not very late, you still can invest in 2016 For me, it is always better to hold onto Bitcoin or potential Altcoin instead of trading them everyday. My loss is not much too. Around 0.02 BTC or less. |
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