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As im new to bitcoins i have not still bought bitcoins..... if bitcoin becomes more popular then fiat i will buy bitcoin in future for sure for buying things online and for trading pupose. as of now im just earning bitcoins as they say bitcoin price may increase in future so too keep safe now and sell later when price increases.
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Bitcoin must change something on the direction they wanna to go ,we se others new crypto connecting with companies ,envolving the crypto world at the day by day of some companies.But well the regulamentacion of each country will block bitcoin as they afraid what it can take from them,the huge fees they charge.
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You can be super rich if you have a lot of bitcoin and the price went up to 10K $. The question is when will it happen? I am sure it will not happen in the near future even after the halving. It might happen but we might be too old to even enjoy our wealth. Holding is not enough to make us rich. We need to work hard and smart in order to be rich.
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Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
Bitcoin has a lot of market shares in this moment, it is unlikely that another cryptocurrency can take it place, since Bitcoin is the first cryptocurrency. But, if an interesting cryptocurrency is launched, for example, with no transaction fees, it can be possible. |
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I would really like to have my salary to be in Bitcoin but that would make life quite difficult for me since i wont be able to use it in my local area. If maybe at least 20% of my salary was to be in Bitcoin then that would make things a bit better. Then slowly i could make an investment and convert it into fiat later on.
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Its up to you on how you gonna use your signature campaign earnings. You can either cash out it and exchange to fiat or you would like to invest on other some investment sites like trading so that your bitcoin would grow and you can have another source of income. If you dont need money then keep your earnings in your wallet and hold it and sell it for the right time when bitcoins price increased.
I get like 0.026BTC each day for the max number of posts i do on the yobit campaign. Mostly i keep piling it up till i get enough to buy a game on Steam; sometimes i get quite impatient so i spend half of the amount each day (0.013BTC) to gamble and hopefuly get at least a triple profit from that. Its been quite a good strategy do far but i'm planning on ranking up quicky so that i ca at least start earning 0.09BTC each day. |
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At the current rating 1BTC = $660. So 10BTC = $6600.00 Thats quite a lot; i could use it to pay for my brothers entire exam fees, cause doing A levels; the cost amounts to that much since he's writing nine subjects. My parents are struggling to pay so i guess that 10BTC would do quite nice for me. So give it to me XD just kidding.
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At the current rates 1BTC = $660.00 so 0.1BTC = $66 ; i had 0.1BTC yesterday and i used it to preorder the upcoming steam game "No Man's Sky"; it's worth $59.99 and the remaining $6.01 i used to try out my luck in dice gambling; i was able to double it and its stored safely in my wallet till i can make another 0.1BTC to get Overwatch.
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You could buy bitcoin with fiat; but it quite difficult depending on the country you are living in. It was quite difficullt for me to start earning bitcoin as a newbie on this forum without the signature campaign. I used to type captchas on kokolitibablo to exchange the dollars i earn into bitcoin. At the same time i also tried earning through faucets but these are really bad compared to a signature campaign.
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I haven't actually tried investing in Bitcoins; i just earn them, then spend it on buying games from Steam and hardware from NewEgg. I'm also planning on using it to pay for my website hosting subscription for wealth affiliate so that i can keep getting more bitcoins through SEO.
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My kid wants to make some money.
I never cared much of those easy systems but seems it would work for him.
I gave him 2 faucets but i ALSO remember there was servers/games where one could make Bitcoin [or altcoin] just for playing.
Would you remind ?
well i think signature campaigns will be too hard for them, so they can do these easy faucets, or these games that you remember, that could work too i think Right. They will be bored in posting posts. Games will be an interesting act for the kids. Lets encourage them in playing the game so. Save the money earned by games and gift them with btc. Minecraft is a good way for kids to have fun and also at the same time earn bitcoin. Theres a minecraft server centered around that; the server website is minecraftcc.com; It operates under donations from other players and its just a project that might end soon but it's just something for the kids to have fun and at the same time earn bitcoins. |
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I will invest it in a few good businesses in order for it to compound to make me one hundred bitcoins but for me to get ten bitcoin at present I must work hard at the moment in order to compound and earn more and more and keep doubling it.
No one will give you 10 btc for free for sure and if you want to earn it on your own then you really need work very hard on it as 10 btc is not a small amount to hold. Haha, the word is "If!" he gave 10BTC, meaning there might be that slight chance he could give it to you XD. Anyway investment is mostly what people would go for with that amount of money. I have a different approach however. I would use it to buy the greenlight access on Steam which is $100. Then i would purchase a premium account for Unity and start in game development. The rest of the money would go into funding the monthly pay for my blog website. |
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bitcoin like a fiat currency can be good or bad depends on how it is being used, it can be very good tool if been used to help the needy or the provide the needs of one's family but can be bad if been used to buy drugs and been used to finance those terrorist acts.
Yes i agree, very much like fiat currency, Bitcoin can be used for bad or good. Since we discussing on whether it "Can be used for Good", i'll give a couple of examples i've seen in current events that have occured. Some Charities have risen across the globe that offer supplies and relief support for country that experience natural disasters; and some offering food to orphans. |
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Bitcoin has really helped me manage my habits of spending money online. At first i used to use my Credit Card to by products and services through paypal online. Including the extra charges, i would barely have enough for my basic needs. Now that i decided to include bitcoin in my life; i now have two simple jobs. One for real life situations, the other for online transactions. So i can buy what i want online with bitcoin.
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It looks very bright for bitcoin in the future.
Globalization is coming to an end. Countries will secure their borders more than ever. Nationalism will rise again. They tried to create a world without borders but that's not possible because not everyone in the world have the same education, wealth etc.
In a time like that, there will be some restrictions. Bitcoin can overcome those restrictions.
Imagine there is a huge economic crisis coming in your country (like the one in Greece) you would want to withdraw every penny you got before something bad happens right? Banks are never safe, they can go bankrupt. Gov's can steal your money. You may try to hide them in your house, which can also get stolen.
What about a tiny piece of paper which nobody will give a damn about what it is? (paper wallet) It can get wet and still get stolen, also bitcoin isn't the most stable currency out there but still, better than NOTHING.
I think it would be a difficult situation to avoid though. If your currency is currently in FIAT and your country gets an economic crisis, how much time really would you have to make a transaction and convert all your money to Bitcoins, would you be able to buy Bitcoin that is enough to sustain the money you have? It's better to prepare for such occurences beforehand. |
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I do still believe in BTC, but I am still unsure about the future of it. I do have questions in my mind like: what happens when the max amount of BTC will be mined, will it rise/fall? What if the USD collapses? What if the Bitcoin will be used as a global currency? How much would it be worth?
There are a lot of questions I've got. For a short term, I am going to believe in it. But we never know what the future can bring us.
no one can predict the future of bitcoin, so I personally just keep trying to make as much profit as possible, and not think too much about the future is uncertain. If bitcoin discharged mined, my prediction probably the price will increase, because bitcoin will be increasingly difficult to obtain after it is discharged mined, and also very possible when the people will buy a lot and hold before it is discharged mined. I think only those can not predict the future of bitoin who do not know about bitcoin and who do not have much knowledge about bitcoin and those who know about bitcoin can easily predict that the future currencies will be the crypto currencies and bitcoin will be the master of all of them. I think bitcoin is already a king of digital currency and it will continue its fame in future too, and I don't think that bitcoin can be replaced by any other digital currency in future. and that is the reason that you believer on bitocin? yes i am also agree with you . i also do believer on bitcoin and i think in present time every one will believe on bitcoin. I am one of the believer so greetings to you my brother! But i disagree that everyone will believe in bitcoin. Most people believe news than what is really true. Bitcoin had been around with bad press attached to it. So those who really don't understand what bitcoin is, always think that bitcoin is bad and should be avoided. But of course we need to do something about that if we know some of those person. I firmly believe in Bitcoin but i would have to agree with him on this point. No everyone can believe in Bitcoin, especially those who are currently undergoing financial and economic recession in developing countries. No one has the time privledge to sacrifice their time and discover the true potential of Bitcoin; they would rather focus on the money they understand instead of taking a risk. |
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when the time comes that USD would crash,it would affect all the economic state of each country since this currency is one of the major pairs in Forex. It would also affect the price of btc since USD dropped it's value.
Yes to us dollar is major currency. But apart from that there are pound, euro, Kuwaiti dinar,etc. So it will affect the world economy but it won't have much affect like decreasing other currencies value by too much plus value of btc will increase. As the dollar collapse, people will flock to Bitcoin as a modern safe haven asset. Consequently, Bitcoin will see an eruption in purchasing power and global acceptance, quickly decreasing the value of other currencies and be at the top of currencies. The dollar is quite strong. With the euro and the pound in some trouble the dollar is a safe have for forex traders. If it comes under attack bitcoin may profit but there is no guarantee. Brexit did not boost bitcoins price for example. The Anglo - American world power is the strongest and current ruling world power; for the US Dollar to crush, then that world power would have to be taken down and their economy brought to a stop. Besides, a lot of gold has been stored up securely in a vault, and gold would always be valuable to people worldwide so the dollar cannot break. |
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What is the point in becoming rich by mind? Without the wealth, you are a virtual nothing in this world. Imagine that your relatives are suffering from a medical condition. Their treatment requires hard cash. Being rich in terms of happiness will not help you in this case. In the modern world, it is impossible to survive without money.
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i think the current currencies will be a part of the history, and bitcoin will now be the global currency and will be the mainstream, but i think it will be happened after 20 years or 30? With its growing popularity, i really hope that at some point we can link our bitcoin wallets to our paypal accounts; that would definetly make bitcoin a currency to be use anywhere, anytime.
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I think there's a kind of balance you need to find between short time hapiness and long time happiness. Don't waste all your money on short time happiness (like visiting concerts) - but don't be too thrifty and spend no money on such activities. In the end it's all about hapiness, and living too thrifty is not a way to reach this (in my opinion).
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