Maraming ways para kumit ng bitcoin at may kanya kanya silang advantages at disadvantages. Malaki ang kita sa campaign pero inaabot ng buwan bago ito matapos. Sa trading naman malaki rin ang kita at mabilis kumita pero risky.

There are so many different reasons for this. Many of the listed below are good and viable reasons. However, I think, the main reason for the slump is the upcoming fork this November. Many people are panic hording bitcoins and at the same time panic buying altcoins, as their value right now is low. Therefore, all the market action are affecting how the price of bitcoin is. If you are concerned due to the fact that you would be investing or selling, then you should study the market to know which venture you would better pursue.

Bitcoin is a digital or online currency. However, its means of being made and being earned is different from the usual paper money used in the market. It's similarity as a currency comes from the idea that it can be used to buy things or pay for a specific service. Its transfer, although done through transaction from wallet to wallet, is different because what's being passed is data and not "real" money itself. Therefore, it can be used all over the world without need of exchanging it for another currency that is used in that respective country. Like many answers, it is more convenient and a more decentralized way of using a medium of currency.

I agree. It's always better to not hold them in large amounts in one wallet. However, if you would hold them in any online wallet, better not give your password to anyone and be sure to keep your wallet ID in a usb and offline, in your own PC. Also, be sure to not input them in any random site because it's a way for scammers to get your wallet details without you knowing.

I reaoly think that the main cause of poverty the lack or poor education system. Education is very important because if people are well educated, other countries or even politicians cannot take advantage of them and they can fight for their rights and find better opportunities.

Mas magandang iinvest ang ganitong pera kung saan pwede ka pang kumita. Pwedeng magpatayo ng paupahang bahay, sa ganoong paraan magkakaroon ka ng passive income at mababawi mo pa ang investment mo.

That can happen. The government being the most powerful business entity in one country would surely have its hand in the bitcoin market especially as its growth is becoming more and more noticeable. I have read that some countries are even planning to have taxes over it. However, I think people would not support that because that would spell the inconvenience of using bitcoin disappearing.

It won't. Although it may give you some sense of excitement by winning. In the end, no one wins in gambling. You win some, you lose more. I think instead of gambling you should divert your money to other profitable and sure ways to gain some return.

I agree. It is one of the best around. It has many safeguards to keep your coins safe. You would actually just have to be careful not to give out your address and password. Also, it can be easily linked up and many campaign managers use it as well to transfer earnings, which proves it's reliability.

It's price dump is normal due to the upcoming fork. Many seasoned traders suggesting that after it, it will be the bitcoin'so price that would experience a slump while altcoins would rise. Therefore, what'should happening now is a market trends given the current situation.

I agree. If more Chinese players would do away from supporting bitcoin considering the news that they are planning to make a crypto currency of their own, it would maybe affect it's value a little but once it adjusts, it will regain like what happened before. Many other people from other parts of the world are supporting it now. Therefore, it will be hard to just kill it down.

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Education has always been a driving force in one countries progress. That has not been the biggest asset of counties like Germany, Denmark, Sweden and many others that made education even up to college free. As more and more professionals are created, they all helped in boosting the improvement of their countries in different fields.

There are conflicting opinions with this question. Some people say, especially those seasoned traders to hold them up because although the fork would maybe bring about a slump in the price of bitcoin, it would soon ease up, and bitcoin would return to its normal value. On the other hand, some people say that, it is better to sell them as it is currently in its best price margin in years. So, having said, it actually depends on you, are you short-term or long term kind of investor?

It will continue to go up based on the market trend it follows. However, many long-time bitcoin users and traders say that after the fork, also supported from previous trends that bitcoin could experience a price slump for a while before it would carry on and regain its value.

There's actually an upcoming fork that would affect the price of bitcoin in the market. Therefore, there are two opposing opinions. If you are looking to trade short-term, then get some coins now, while the value is getting higher. But, if you are going for a long-term plan, then get coins after the fork, when the expected price slump would happen.

As I have read and heard, there are a couple of banks that accept and exchanges bitcoins; however, there's not that many banks since bitcoin's legality is not very concrete and determined yet in some countries, therefore, some banks are quite reluctant in accepting bitcoin as a currency.

I agree. Cryptocurrency is different in that sense that it's virtually safe, and its effect in the market is more wide-spread than any other prevailing currency in one country like dollars. Many people can trade, transact and invest wherever they are without having to exchange their money to the money used in a specific country. Also, its more convenient to use because it's online, and nowadays, since most people are online or have some sort of connection through the internet, it gives people better access.

Great reply! It's true before delving into the trading market, do a lot of research first, fill yourself with information that could help you decide and follow good trading habits. Also, trial-and-error is not that bad, if you can invest a little amount to practice and see how the trading market moves, it could really give you valuable information that can lower the risk of losing money through trading.

I have read the article just today. They used 5 galaxy s5s as a mining rig for bitcoins, and it was actually more efficient than a computer. They say that since the phone is programmed only for it, it actually worked faster than a PC, plus the power consumption of a phone is way lower than that of a computer. It's a good idea because it cures some of the downsides of having a computer as a mining rig.