I have bought my first bitcoin because I wanted try an investment in an online program. However it seems my mistake to go and invest there, and after that I'm just earning from other methods and holding it.
Its better to hold your bitcoins instead of investing it anywhere online as end result would not be in your favor as there is a full chance that those sites would be scam, better choice is to buy and save for the future. The number of bitcoins you are holding matters, if you are not holding a bigger number then you should try to grow it in a short period of time, there are more opportunity also for short term investment so you have a chance to grow it but you need to have a careful research with your method to make it successful. I can get his point that he just want to hold his bitcoins instead of putting it into investment. He just wanted to be on safe haven. Even I, that is what I am doing now. I am holding some of the portion of my bitcoins and still thinking if I am going to invest it. But as of now, I can't even think of something where to invest but I am thinking to add some bitcoins and buy some of it if I have spare money. If you are planning to invest your bitcoins then I think you should invest in trading and especially in alt coins as that is the place where you can make good money if you have knowledge of it. |
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If I get 10 btc I would become unconscious but after getting back to conscious I would take that btc and run away from home to Himalaya, kidding. I would store all my btc for just 2 years then my wallet will have 10 btc but it's value will be many fold more. Am I wrong?
i think i would also just save up all the money to be honest, in this way i would manage to get a lot of profit easily, 10 bitcoins would be really great to get Well if ever I am going to receive that amount I would not be able to spend that very fast. I am still going to think on what are the most important things that should be spent for that amount. So while waiting, I am just going to hold that amount for a long time and going to hope for a better price increase and going to wait for another price increase. And if that is going to happen, for sure I am going to sell that on higher price. Never sell your all coins at once, some of them should be kept for the future as you never know what future holds and it may even go higher in future so you can sell at that time. |
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if you really want to earn bitcoin then I will tell faucet isn't the right way to earn bitcoin.Because it's very low earning and waste of time.the only good thing in it that you can know about basic of bitcoin by faucet. And to earn bitcoin professionaly you should have some skills web design, logo design, altcoin investment etc.
Exactly ,its just wasting of time but its only for the beginners because as i experience people who introduced bitcoins at me they give only faucet and faucets for them to have a referral bonuses and even saying invest on HYIPs but searching more about bitcoins help me a lot to know how really bitcoin works and to do more with a good payment and as i've found this forum know how to trade etc. Solving captcha have so big difference in terms of earning bitcoins. Solving captcha is a waste of time not only because the payouts are too low but it will never add value to your knowledge which you can gain by participating in signature campaign. you are right, there is no need to do that at the moment, and i never do that in order not to waste my money at all, there are better ways of making money you can find many of these in the micro payment methods board of the forum but they are all paying a very small amount of bitcoin that is not worth your time and the bandwidth you are wasting on it. and the worst part is the dust these sites accumulate in your wallet which you have to pay a lot of fees to spend it. That's right earning bitcoins from captchas is not profitable, in fact your electricity cost will exceed then your earning as the payouts are too low and it will take long time to reach to a descent amount. |
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There arent trusted ways to you to be able to make a stable income with your investment on such low time. You can try sport betting or trading some altcoins but make 0,50bt each month sound a bit hard really.
So you have trust on sports betting that it will give you profits, you cannot depend on gambling to make profits, but with altcoins trading you can make really some good profits. |
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I think you mean to get rich because of bitcoin. Let's say that would come someday that I'm gonna be rich because of bitcoin, I think the first thing that I would do is that I'm gonna buy a house, and then a car and gonna start my own business. I'm also gonna save some for my future, to get ready to build my own family.
I think you should start having a family now, when you are married and you have kids already you will be more hard working because all you think is you will give your family a bright future, financial freedom is what really we are aiming and we want to experience that in the future. I think you are thinking backwards. Why marry and have children before working hard? If you can work hard, work hard now that you do not have any responsibilities yet so you can earn more, save more and invest more. It will be harder to do that if you are already supporting a family with all the expenses of feeding them, medical expenses, etc. Even if you are married or unmarried your main intention should be to earn maximum money, either in fiat or bitcoins, and if you can manage to collect more coins then you can get rich with it in future. |
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I will hold 6 btc for future and invest 6 btc in altcoins to increase my coins for the future and even if my trade doesn't goes right then 6 btc will take care of me in future.
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i will not sell it too. i know bitcoin will not disappoint me it wll reach the way we never expect it bigger than before and ill be waiting for that time it gonna happen.
yeah I'm also sure that in the future bitcoin prices will surely rise. but we do not know when it will happen? pump time is something that is not known by anyone. we can only hold back and wait bitcoin prices rise high enough. I hope it will happen soon Price has started to rise now and we may hope that it will rise in coming days too so its better not to sell coins right now and wait for the price to go even higher. |
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This actually depends on many things, as on how much money are you earning from it. I'm not an expert, so I am not intending to put my job at risk.
Yes and if your earning from bitcoin exceeds your salary then you can think of quitting your job and get full time into bitcoins but make sure that you earn that amount on regular basis. |
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I am spending Bitcoin sometimes to use Steam. It's hard to use it in the daily routine, especially when you see that there's not too many shop nearby accepting it.
Yep you are right now is not many stores that accepts bitcoin as payment and also they dont recognize what is bitcoin so they dont accept it im just using it in online purposes or buying some stuff online that they have a bitcoin payment system. But im using it in buying domains and hostings. They didnt recognize bitcoin and then they accept it as payment because now not all people know bitcoin but soon it will be recognize and accept it as a payment soon because the world of bittcoin is keeps rising and the demand of it is also high. in my opinion so many shop still not yet accepting bitcoin because they're just worried if there's some problem when using bitcoin so i'd say those shops are actually want to stay in the safe-zone and reduce the losses,it's neither their mistake nor their fault,they're just lack of knowledge about bitcoin Yeah but things need to be changed as we cannot afford to keep on saying that they lack knowledge, or else the scenario will continue to be the same in future and that can affect the life of bitcoin. |
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As of now, I dont want to accept bitcoin as a salary for my Job in real word or outside of this cyberworld. I have many reason why i dont want it. My reason is What if my salary send bitcoin at high price of bitcoin and the bitcoin price will dump so my salary is not exact at the amount so i need to wait it? But if the price of bitcoin will be stable like other currency i will accept it.
Its difficult to imagine price stability in bitcoins, and that is the reason people will not prefer to accept the salary in bitcoins as you will never get fixed and stable income from it. |
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If proper knowledge and features provided to all it will help them to understand better and may interest them as well.
I think people hate bitcoin. because they do not know anything about bitcoin. so they hate bitcoin without any reason. I think it is a strange thing you are right that there is some people have no knowledge about bitcoin i also think because they hate bitcoin if they get knowledge about bitcoin then i am they love to bitcoin with faithfully. i agree with , you are right that the lack of knowledge about bitcoin because they hate to bitcoin if they learn about bitcoin then i also hope they will start love to bitcoin. If we want that they should start loving bitcoin then we need to take initiative and show them the benefits attached with bitcoin, and if we succeed then we can expect more users in future. We can also contribute by warning people from investing to scam and hyip sites and as well as be very vigilant to people that are offering these kind of scams whether here in the forum or in any other venues.. This way, we will help maintain the trust and confidence level of bitcoins to all. The fact is we don't know who is actually using it outside of this forum, if I come to know that people around me are using it then I will surely tell them where to invest and where to not. |
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I have not used my coins on daily expenses until now. I'm trying to understand this system, when I understand more aspects about it, all i want to do it is to use my bitcoin and spend it as well.
Yes its better to spend more time here instead of spending bitcoins in hurry, and one more suggestion that never spend it on gambling or else you will loose everything that you have. |
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bank will never disappear as they are the ones who comes first than bitcoin , maybe they will adapt or not but they will not disappear because they are being use by the top 100 fortune and they are important on the money/fiat side.
Yes businesses and individuals needs banks for their day to day transactions as they are dealing in the terms of fiat and banks also provides its users multiple benefits which is not possible with bitcoins. |
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I lost 1btc. I put this on a exchange sites and it's got hacked and all my btc gone. I really was upset for this.Everyone keep your btc on safe wallet don't put it on exchange sites.
Did you put on bitfinex or some where else? As I have few btc invested in poloniex but I don't think that site will get hacked as most of the users have trust in that site. |
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I will just use bitcoin as an intermediate to be rich and use it on some investment in real life because I think Bitcoin is in early stage for now to be use as an rich scheme investment. But if I saw some opportunity I will grab it and implement it in real life so that I can be unique in a way that I'm using digital currency not fiat.
You cannot sit idle and hope for opportunity coming your way, you need to create an opportunity to take best benefits from it and if you will look around then you will come to know that what I am saying is true. |
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we are buying bitcoin because the recent price is very low to buy bitcoin i am sure bitcoin will be more rise up its price to very higher and other reason is that bitcoin is very safest investment and its very lowest risk if invest our all money in bitcoin.
Bitcoin investment is not safest at all, today you buy at $575 and you hold it but what if the price suddenly goes to $200 in future, you will have a big loss, so never invest all money at single place. |
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I got into bitcoins around 2016 so around 9 months and I would bought/saved/earned around 2 bitcoins overall. with some effort and investment maybe I can reach 3 or 4 bitcoins total by the start of 2017.
2 btc is a good amount to hold and I think you should put some money in altcoin trading so if your moves goes right then you can expect 3 to 4 or even more btc in future. |
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7 bitcoins is really big amount of bitcoins and if i were you i will deposit all into gambling sports betting and i will play super safe by bet on lower odds. You can make good profit with lower odds with big base bet.
There is no guarantee that you will win, what will you do if the match is fixed? Any type of gambling is risky and I am sure that you will loose all your money in long run. Correct , even you bet with lower odds match still have a chance for lose (That's happened with me previously). If you have big balances , never think about gambling better to invest in better and more safer than gambling. 7 btc is a good amount to invest in trading, and there is a great chance of making profits if you are aware about the market and price movements and it is surely better and safer then gambling. |
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This is not the perfect time to sell everything, as price is not too high at a moment and even if it goes higher I will never prefer to sell all my coins, I will surely hold some of them for future.
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Perhaps Bitcoin can be already considered as an international currency. Anyone can use it over the world, and there is already a lot of people using it every day. The problem is that the number is not that high compared to the use of fiat money. It's required that more phisical shops start accepting it, so the currency can attract more customers.
Until and unless bitcoin is used by government and its agencies for international trades and is accepted by UN and IMF,it can not be called international currency even if every individual living on this planet start using it And I don't think that will ever happen, as Government will never support bitcoins as it is an threat to their national currency and no one wants to see digital currency taking over fiat currency. no matter how much bitcoin is going to grow the government will never agree with its growth and will do evrything to prevent it. but that is only going to go so far, it will eventually come to an end and bitcoin can go up normally without their interuptions. Bitcoin is an decentralized currency and I don't think that even Government can control it, but bitcoin will always be used as an secondary currency and it will never hold the status of international currency. |
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