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1221  Economy / Speculation / Re: Price settling at $420. on: March 17, 2016, 09:38:47 PM
The price at 420 dollar is pretty stable, well not exactly stable of course because the bitcoin never been stable but its staying around this price.
And I think it will be for a pretty long time here, it will maybe go to the 500 dollar slowly.

Its good to see that it is stable and rising slowly and we can expect $500 at the time of halving or before that, but it won't go back below to $400.
1222  Economy / Economics / Re: Will Bitcoin always be dependent on fiat? Is it? on: March 16, 2016, 11:24:26 PM
If I have to buy anything at a moment I need to convert my bitcoins to fiat, and I think in future also I will have to follow the same, so I think bitcoin will always need a support from fiat.
1223  Economy / Economics / Re: Sell Everything? on: March 16, 2016, 11:22:10 PM
Selling everything is not smart at all in my opinion you can better just invest these days, not sell them.
Also the fact is that if you really need some money you can just sell some bitcoins but not all them, because the halving will let you make a lot more profit.

It seems that majority of us have a very high expectations from halving and that is the reason we are holding our coins, the only thing makes me worry is what if we don't see major price rise at the time of halving.
1224  Economy / Economics / Re: Is it better to save money or invest it? on: March 16, 2016, 11:19:51 PM
I think its better to invest these days because of the point the halving is coming this year it it will for sure let people make profit.
The people that want to invest should do that now because it has a really good future, and the user of the bitcoin is also growing.

Yes and all investments are risky so why don't take a risk with bitcoin? Halving is on the way so if you invest now you can make good profits in short term if bitcoin performs well.
1225  Economy / Economics / Re: Why You Should Never Sell Your Bitcoins Ever on: March 16, 2016, 11:17:46 PM
not selling at all seems too excessive on the other way, I think it would be decent to sell at the right price and to get real profit rather than infinitely holding the bitcoins, People selling at $1000 made good profit before the price decreased.


Yes sell at the right time and make profits that is the best way to play with bitcoins, only holding will not give you profits as if pirce falls in long run then you have to wait for price rise which can be time consuming.
1226  Economy / Economics / Re: When do you buy Bitcoin ? on: March 16, 2016, 11:14:57 PM
Whenever I feel that this is a good price to buy I go for it, and I deep on buying in small parts so that I can have opportunity to buy more in future if the price drops.
1227  Economy / Economics / Re: Does the Price of Bitcoin Matter? on: March 16, 2016, 11:12:50 PM
Price is the only thing that matters to majority of us, as if it doesn't hold any value then no one would be interested in investing their time and money into it, price is everything.
1228  Economy / Economics / Re: Why have Bitcoin instead of cash? on: March 16, 2016, 11:09:35 PM
Its a risk free scenario to hold bitcoins in compare to cash, as if you hold cash there are chances that it might get stolen or you get robbed, but with bitcoins you can hold n number of coins in your digital wallet.

Yes and your wealth will be multiplied in future if the price reaches to the moon, with the same number of coins you can expect better returns in future while the value of fiat would be the same in future too.
1229  Economy / Economics / Re: Should I believe in Bitcoin ? on: March 16, 2016, 11:07:39 PM
i wouldn't buy at the very moment as the price is looking too high. Maybe wait until the price drops. then i would buys it as BTC generally tends to go upp. Ultimately, it is your choice. it is your opinion. Smiley Smiley Wink

If you feel that current price is higherfor you then you should wait, but I think this is the right time to buy some bitcoins, as you would see price rise in next couple of months.

Buy it now and  enjoy the profits later on, as I don't think that price will go below $400 for next couple of months, and it will keep on rising with a slow pace till the halving occurs.
1230  Economy / Speculation / Re: How many bitcoins do I need to retire in 20 years? on: March 16, 2016, 11:05:45 PM
You will need a lot of bitcoins, and not just a small amount but a large amount, if I´m honest I do not even think it will make it from now.
The fact is also that its difficult to predict due to the future of the bitcoin itself.
Yes because of the future of bitcoin we cannot predict it that how much do you have to keep. But you have to keep some bitcoin as the future is the bitcoin’s future and will give benefits to its holders.

Be ready with as much as you can, its good to hold the maximum number of it if you want to live a lavish retired life, there is no exact number, more you have more you would enjoy.
1231  Economy / Economics / Re: Where did you first heard about Bitcoins? on: March 16, 2016, 10:49:37 PM
Was going through videos on youtube to make money online and there saw a video rlelated to bitcoins, and that attracted me towards bitcoins and started to research on it.
1232  Other / Off-topic / Re: Do you actively spend your bitcoins? on: March 16, 2016, 10:22:47 PM
There are no stores accepting bitcoin in my area, that's probably enough to not seriously consider using it offline, Also the confirmation time etc... would not make it practical for physical stores to use it.


Indeed having the same issue here in my area, I only spend some bitcoins on the digital goods because that is pretty easy to do.
I do not do this often because I want to hold as much as possible for the halving.

Holding till having is the best option available for us as we are expecting much more higher price so its good if we hold it till the halving and sell it when  the price reaches to a next level.

Only holding will not take bitcoin price to next level, keep on spending it and if don't find a place to spend then just gamble with your few coins just for fun.
1233  Economy / Economics / Re: The future of the paper money on: March 16, 2016, 10:20:55 PM
Paper money is always good. And will be always many used even in the future. And that is very good. Many people must use it.
Some people are dont even know Bitcoin and how do you wanna disappear the paper money. It is impossible.

Very right for that Sir. It is really impossible. Bitcoin could be adopted and used also an investment. But as of some people that dont know about it and dont have knowledge to do this it will be hard for them.
At that stage there will be a large scale of development happened on the world, and at that time a large community will be aware to bitcoin, and whenever it come to public all the people there learn about it and gradually adopt it.

They will adopt bitcoin for sure but that  doesn't mean that they will stop using paper money, its really difficult to imagine life without paper money as people who are used to it will continue to use it in future too.

Paper money will always exist and  I don't think that it has any competition from bitcoins in future as the market cap of paper money is huge and bitcoin is too small.
1234  Economy / Speculation / Re: The future of Bitcoin on: March 16, 2016, 10:18:50 PM
The future of the bitcoin is very bright due to the fact the bitcoin itself is gonna be a lot bigger in the couple years.
Another thing is the halving it will let the bitcoin go higher and maybe in about a year its even gets stable.
I'm hope you are right dude. Everbody waiting for bitcoin stable high price. But i am not sure what will happen with bitcoin after halving, price can go lower then 400$ anytime
We all hope that it will have a good future. But you can never know what will happen in the future.
Because it is a currency it is so hard to predict that you never know what to do and that is the problem.
The time is not far away that bitcoin will become a famous and global currency all over the world, and at that stage the major powers and other countries will, for their success in business, adopt it and approve it for the state use.

Yeah it will be more powerful currency in future and we will see many more users adopting bitcoin as a currency and we would find many places where we would be able spend bitcoins directly as a payment method.

Future of bitcoin would be good if we find more user adoption and it should be widely used and accepted and if that is done then we don't have to worry at all.
1235  Economy / Economics / Re: Sell Everything? on: March 12, 2016, 02:01:30 PM
Selling everything can be good but I think now is not the right time because of the things that gonna happen this year.
I think you can better wait till the end of the year because of the halving.
yes agree with you, halving already close now so if you sell now later you will regret when see price rise much.

We don't know what would be the price of bitcoin at the time of halving but we are expecting that the price would be better at the time of halving so sell at that time would be a great decisoin.
1236  Other / Off-topic / Re: Will you quit your day job to go full time on bitcoin? on: March 12, 2016, 01:59:02 PM
I would never quit my day job for a job to go full time bitcoin, its not a monthly salary you are guaranteed from.
The bitcoin can also lower a lot and than you will even lose a lot of money.
I can draw the conclusion that the problem is fluctuation. that prices can change at any time. it makes our income be up and down. uncertain
while the price of bitcoin is still fluctuating. probably still a few people who are interested to work full time in bitcoin

If you don't have any other thing to do then you can go full time in it, but If you have a good job then it is not recommended to quit you job and only depend on bitcoin as it can be risky if bitcoins don't do well in future.
1237  Economy / Economics / Re: Bitcoin or gold? on: March 12, 2016, 01:55:53 PM
I would choose gold over bitcoin as I find gold is more safer  in compare to bitcoins, and the future ob gold is safe while bitcoin is unpredictable, not sure how long it will survive.
1238  Economy / Economics / Re: Why do you buy Bitcoins? on: March 12, 2016, 01:53:29 PM
For speculation? To buy on the dark web? To buy online on sites like purse.io? To send money? To do business? To have your money under your control?
What is/are your purposes when yu buy bitcoin?

I buy bitcoin to provide me with passive income opportunities that I wouldn't be able to find otherwise.
if you want a passive income you should invest bitcoin on a site. if you just hold it in the wallet. you will not be able to get passive income mate

Yes exactly there are lot of things that can be done through bitcoin and apart from that the reason i buy bitcoin is to trade and earn more profit.

Yeah and I am buying it at a moment as I view it as an investment so that I can make some good profits by selling it at the right time when the price is much higher.
1239  Economy / Economics / Re: The future of the paper money on: March 12, 2016, 01:48:07 PM
Paper money will of course exist in the future. Many people need it and that is very important for them especially the older people.
But of course it will reduce. But it wont disappear. That is namely very impossible and Bitcoin will be more used in the future.
nope, I think the paper money will begin to disappear with old man who began to disappear as well. we can not ignore this. we have to admit that fewer people use paper money

What you have quoted is not true. Though bitcoin is used by most of the users paper money will be accepted and will be circulated without limitation in issue of paper money.

Paper money will always exist especially in poor countries where people don't have access to internet and are not used to digital world they will continue to use paper money in future too.
1240  Economy / Economics / Re: Is Bitcoins safe? on: March 12, 2016, 01:42:38 PM
Bitcoin is much safer compared to the physical money. The advancement in the technology has made it highly secure and valuable.

Yeah its safe until you take care of safety measures, you need to careful with you online wallet, and I don't see any safety issues with bitcoin wallets as bitcoins are very safe in it and not easy to get stolen or hacked.
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