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I don't even have one BTC now but I am slowly accumulating it so that I will have enough when the price really goes up and then maybe be able to use some in investing to other businesses not bitcoin related to have multiple sources of income. My source of BTC now is signature campaign and trading and then I am just reinvesting what I earned in trading day by day to accumulate as fast as possible because I prefer day trading rather than waiting for the price to go up which may take weeks or months.
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I believe that holding bitcoin for a long time is a good way to make money because as far as I can observe, many people like investors and companies getting involved or adopting bitcoin as their payment option or investment and then time will come when bitcoin would be more popular because it would be more exposed to a lot of people thereby a higher demand and a higher price. No one knows the future but the way it is going nowadays, I think it would be more valuable a few years or a decade from now than what it is today.
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I'm planning on getting a fraction of a bitcoin. Maybe about 1/4 or 1/8 BTC just to fill my wallet with something. Is now a good time to do so?
Well anytime is a good time to get bitcoin as long as you know that you have ways to earn so that you will not be in the negative. In trading, as long as you have an idea and a strategy how to get around with it and earn then go ahead and fill your wallet. Experience is important when it comes to trading so do first what you have to do and when the time comes that you feel you are ready then you can invest a bigger amount. |
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Of course it helps me in my daily needs and that's the reason why I have bitcoin in the first place. There is a potential that I can earn more than what I am earning in my day job and will give me an opportunity to invest in other business also. For now, I am earning just a small amount so I am accumulating it and every time I earn, I just reinvest it and then when the time comes that I have enough capital then I will start to withdraw and cash out some to use maybe some for expenses and then others for investment purposes. By the way, I use trading as a way of accumulating bitcoin.
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Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?
Of course its value would rise since everybody would be buying it and it would be in demand. And since everybody is using it then the government will try to have access it its transactions so that they can have a share of it and so the transaction fees will rise as well because there's already tax on it which is the share of the government. I don't know if it is possible but maybe that will happen in the future. |
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Anything that can be used as payment option can be used for illegal activities whether it's fiat currency like USD, EUR, CAD, CHF or any other currency or digital currency like bitcoin. People will find ways to acquire what they wanted and will use whatever means to get it. Some also use commodities like gold to pay for those things.
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What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?
I think its obstacles would be the hacking incident again which will make the price go down again but I believe that it will go up again because many people believe in it or at least the existing users believe that it will have significant value in the future. It's getting popular also as more investors and companies adopting it as one of their payment option thereby attracting new users of it and in effect the demand is higher which causes the price to go up. In five years time, its price will be more than the value of gold because more people will be encourage to use it whether as currency or as investment. |
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A friend of mine introduce me to it. She said that she is buying something like a stock and then sell it after if the price goes up. At first, I was not interested into it because I already have investment in stocks but after a few months, she said that she already have profit and its huge compared to stocks. So, I became interested into it since the price is also going up when I check it and since then I am hook up to bitcoin and I discovered that there are so many ways to earn bitcoin.
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It could happen because anything is possible but it would be hard to implement it because there are so many people not updated with the high technology. In order to process payment with bitcoin as payment option then one has to have an electricity first and there are so many places that even don't have an electricity and if they don't have one how much more the technology or gadgets needed to process it. Besides, people are used to fiat as payment and when bitcoin replace it, it would be hard to adopt. Maybe the best option is for them to co exist as payment option and this is happening now.
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The easiest way for me would be through faucets but it will take more time to accumulate bitcoin and you can only get small amount. The second is through investing in those HYIP sites but its very risky because you may or may not get your investment back and more often than not, they will be gone before you can even get half of your investment. It will always be a race of who get out first with profit and they usually win. The third would be gambling and its very risky also because in just seconds, you might lose all your hard earned coins. You can earn through trading as well but it is not that easy because you need to have experience on it first before you can earn significant amount continually. The recommended one in which there's little or no risk at all is offering your services to other people like signature campaign. This way you did not cash out any amount but you can earn through your effort.
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I'm not going into all that debate and whatnot, all I know is that I can use bitcoin to buy things,
I can use it to pay for my bills, I can even convert it to cash anytime I want. So, as I see it, it's money.
More than that, like fiat it can buy things and like gold it's value could go up or down. Bitcoin does all these while making it easier for payments ;with the near instantaneous transactions and low fees then, as for the value; it could be both good and bad in terms of investmen/speculation becauee of the volatility.
Honestly, I don't really care about the debate as to whether why bitcoin should be compared to gold and how is it that bitcoin has a value. As long as I can use bitcoin in earning and use it in my daily needs now by converting it to fiat since there is still limitations as to what bitcoin can buy then the debate for me by some authorities is irrelevant. |
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Mr. President Rodrigo Duterte does he really do his job to stop drugs within 3 to 6 months?.What do you think?
Well he ask again the Filipino people now of an extension of six months but its really okay for me because at least we can really see some changes even if he is in the position for a few months. I also think that media are biased becaused they are so focused on every wrong move of the president and then make the issue bigger and then if there are good things the president did, they just don't mind it or sometimes include it in their news but later on they will focus again on controversial issues. I think this is one of the reasons why the country is very slow in progressing because if one person did something good, there are so many people who will criticized him for the things he had done badly and then stick to that issue until such time when people will think negatively of that person even if there are more good things he had done for the good of many. I think the people should dwell more on the positive than on negative. |
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What is Max amount of btc you owned once, and where did you spent these?
The max amount I owned was more than one BTC but I lost it investing in a cloudmining site that I wasn't aware of was scammed during that time. I am a newbie in bitcoin world and I was fascinated by the fact that I can earn passive income effortlessly just waiting for coins to enter in my wallet and then after a few months it disappeared. So many people panic during that time including me of course and by that time I realize and promise to myself never to invest in an HYIP site again. |
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I think bitcoin is created to have transactions less costly. Since almost all the things can be done digitally then why not make a digital money instead so that it can go with the flow and the more innovations people make, the more riskier it is to just let your identity be exposed to the public by using credit cards that has the possibility of being used by hackers and with bitcoin there is anonymity involved so being safe also is one of its advantages. I think it has also something to do with inflation wherein prices go up day by day and the value of money becomes lesser but with bitcoin the opposite happens because as years pass by, its value becomes bigger and bigger.
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I would like to know what experiences did you had when you first started with Bitcoins. As for me, I had many that I would like to share with you. When I began in the Bitcoin world, I was a complete rookie with no proper knowledge of how did mining worked or anything about cryptocurrencies. I just thought about Bitcoin as another payment processor like PayPal. But when I joined the BitcoinTalk community, I learned so many things along the way. In my process of learning in the first days, I decided to invest into cloud mining services. Since I didn't knew much about it, I invested a plenty amount of Bitcoins to start my journey into it. During that time, I had gotten into many different services. Those were GAW Miners, then Cointellect, cloudminr.io and finally Hashnest. After getting scammed many times by the services mentioned previously, (except for Hashnest) I have lost many Bitcoins. As a result, I decided to never invest into cloud mining and thus dedicate myself into learning more about the cryptocurrency and look for other ways to earn Bitcoins. It was then that I enrolled into the signature campaign that I am currently into and during all that time I began to earn Bitcoins as well as diversify my investments into different alt coins. Now I am dedicated to trading Bitcoins and other alt coins, as well as working for it (like the signature campaign and working as a freelancer) in order to earn coins and build up my portfolio along the way. Anyways, what would be your experiences with this exciting cryptocurrency?  Like you, I also invested in a cloud mining site and actually that is really the reason why I bought bitcoin in the first place because I wanted to invest something and that would be a passive income. Unfortunately, after just a few months, it turned out to be a scam and I only got half of what I invested so I search and find ways to earn bitcoin in a different way that is not HYIP and so I discovered this forum and found out different ways of earning bitcoin and one of it is the signature campaign and then trading. I also tried trading forex before so I already have an idea of how it works so now I'm focus on earning through trading altcoin. |
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The ideal way for me would be trading. Trading is very profitable if you know how to trade and you like to analyze things then you will have a chance of getting that 17 BTC. It may take just a day,weeks or months but eventually you will reach that 17 BTC. Trading just takes time because you need to be really focus on it and you need experience in order to familiarize and get a feel of what the buyer and seller will do next when it hits a certain price. I've read some post and that they suggest gambling but its more risky I think than trading because in trading you can still minimize your losses by setting a price limit on how far you can take a loss but in gambling, if you bet a certain amount, you can either win or lose it all.
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Yes because day by day I think there are companies who adopt bitcoin as payment option because they can see that they can benefit from it and there are people who can't access their services because of some banking restrictions like they don't have a credit card because they can't apply for one so their only option is to pay it with something they have access to and that is bitcoin. It's an advantage for those people who don't have bank accounts because they can still buy online even if they don't have the traditional payment method like the credit card or paypal because bitcoin is already existing. As for the company, they will have a wide scope of customers because of this additional payment option.
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I think for now gold is better than bitcoin because gold has already established a track record and people know what is gold and that it can protect them or its like an insurance for them if they have money problems, they can always sell the gold in exchange for fiat and it has higher value than bitcoin. But when bitcoin will be of higher value than gold and it would be more popular then it would be better than gold because you can carry it wherever you want and no one knows that you have a lot of money since its anonymous.
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No, I don't hate them because they are also people like us. We should not judge people base on their religion, skin color, ethnicity and or any classification because there are also good and bad people belonging to each of them. The problem with people is that sometimes we immediately judge a certain group because some of them did something that is not to our liking and then base on those few people, we immediately concluded that all or majority of them are like that.
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What do you say? Isn't earning bitcoin through the likes of signature campaigns, tweets and posts really boring? I really think so, at least its not an attractive or appealing way to earn bitcoin or any money for that matter.
What do you think? What are the most interesting and appealing ways to earn Bitcoin Online?
It is really boring when you just do it in order to earn money but you have no choice but to do it because it's an income after all.But if you love what you are doing then you will not be bored at all because you enjoy it and then you are not just doing it for the money but it makes you happy as well. For me, honestly sometimes I find it boring but then when I learned something new like when I read the posts here in the forum then I enjoyed it because I learned something that can help me in evaluating and adjusting my future actions that can help me in achieving my goals. I also enjoy doing trading because of some analysis. |
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