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761
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Bitcoin / Bitcoin Discussion / Re: Bitcoin Halving
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on: June 13, 2016, 04:17:18 PM
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The bitcoin halving does not affec the price of the bitcoin people dont be scared it wil only affect people who are mining it is not profitable anymore for small miners to mine.
Halving decreases supply thoug, it means daily can be mined only half of the Bitcoins compared to now. This means miners can sell less Bitcoins, and if the demand for buying bitcoin keeps the same, small up trend in Bitcoin price over time could happen, thus really halving might affecting the price. But I agree, we only know the supply is going to be reduced, but no one can be sure about future demand for buying Bitcoin, thats why halving and associated decreased supply effect cannot predict future price alone. I agree but I can't imagine why the future demand might drop. We are in the situation when more and more people learn about Bitcoin and some of them for sure want to have their own. Demand will go higher in future as we will see many more users will start adopting bitcoin and which will take the price of bitcoin to a higher level. |
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762
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Economy / Speculation / Re: Quick Survey: When will you Sell your Bitcoin?
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on: June 13, 2016, 04:14:45 PM
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i would sell my coins after wen the bitcoin hit the 1000 each than i think everybody has maked a lot of profit out of the bitcoin and i know for sure that the price of the coin will hit the 1000 each for sure.
$1k is easily achievable now and I think we can see that price at the halving or even may be before the halving, as price is going up with a high pace. |
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763
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Economy / Speculation / Re: It is Buy time!
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on: May 31, 2016, 02:10:34 PM
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Nice rally guys!  We have $530 and it seems that the price will rise! Is it still a good time to buy, or we wait for a correction? the price is much higher at the moment and it does not seem to stop, to be honest i think that it will keep on going up at a very rapid pace for a while and allow us to make some good money i am buying all my bitcoins right now because i believe that it can give me really great profit right now, i just need to hold and wait for the upcoming price rises that will surely happen Price will rise for sure in future and we will see it next few days when we get close to halving, this is the best opportunity to earn good profits. |
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764
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Economy / Speculation / Re: Do you think the price will hit to $600 value in this month?
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on: May 31, 2016, 02:08:34 PM
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We already seen the price hit $500 value and now $600 value is our next goal..According to other opinion the price will not hit to $600 this month
because more dump will come. 24k btc dump like kwukduck said..
What do you think. share your opinion...
Hitting $600 is our next goal but unless the price keep rising at a high tempo I doubt it that we are going to hit $600 within just a month. I think that we need a couple more months before we are going to hit $600. No I think this will be the price in this month for sure, price is moving up now and we can expect this price in next couple of weeks. |
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765
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Economy / Speculation / Re: BTC to 5000$ soon
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on: May 31, 2016, 02:06:43 PM
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I dont think this would happen in the life of the bitcoin because 5000 each is to much and that is a irrelevent amount. That cant be true and if it gets so far we will be all dead.
No mate it will not take that long, that price can be easily achieved in next 5 years as mass adoption will take place it will take price to higher level. |
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766
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Economy / Economics / Re: Bitcoin worth to you or not...
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on: May 31, 2016, 02:01:49 PM
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Bitcoin is worth me and my time that is for sure, I am not sure how long I will go on with Bitcoin but it is going to depend on what is going to happen this year. If this is going to be a good year fro Bitcoin then I am going to stay.
This year will be surely the best year for bitcoin as price is going up very nicely and its really worth to us as every investment has certain worth, and bitcoin is no exception. |
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767
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Economy / Economics / Re: Bitcoin is Becoming a Global Currency
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on: May 31, 2016, 01:56:03 PM
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It's good to see that there is demand for bitcoin around the world, but I don't really think it is a global currency yet. I think there are people around the world that see bitcoin's potential and are willing to invest in it. I don't think it's a huge number of people yet and they aren't necessarily using it as a currency yet.
I believe majority of the world has already use bitcoins but as to the volume of users I cannot estimate now. The good thing is the demand of bitcoins is increasing as evidence by its current price today that has substantially increase also. In the future it will become a global currency. I dont get it. Why not global now. Simple example. I go to Iraq now. I go online then I can access it. I can buy also or sell it. So it is global right? Globally online. You just need internet. This is already global as majority of the countries have already use and adopted bitcoins, although I may say that in totality we are just few compared to the total population of the world but the good thing is the users are continuously growing. Yes we are still at low percentage of population in the world that use bitcoins. But, you are right about adoption. Sectors that do investment could also help advertising it for faster growth. You can now see indeed that Bitcoin is going to becoming a global currency and that is because there are now a lot of people is getting to know about Bitcoin and that is nice. But the thing of Bitcoin is that the value of the Bitcoin have to be higher so we can do many things with it later and that is nice. No one can predict or control the price of bitcoin, but the fact is it needs some more time to get recognition globally, it has not been used by majority of people yet. |
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768
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Economy / Economics / Re: Does the Price of Bitcoin Matter?
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on: May 31, 2016, 01:53:24 PM
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Price of bitcoin really matters. The reason is that bitcoin gives life to more users who are totally depending upon bitcoin. So only based upon price those users can schedule one's living expenditure.
Yeah and I think price is really important to make some good profits from it and if it would not be holding any price then no one would be interested in using or investing into it. |
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769
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Economy / Economics / Re: How to save money.
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on: May 31, 2016, 01:45:59 PM
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Best way to save is put them in safe place but no banks, i think that banks is not so safe, even exchange money to bitcoins will be much safer i guess.
I think base on your idea, banks are safe if you intention is just for safekeeping, bank also offers a little interest and your deposits is covered with insurance so safe for me. If it is just saving, then we can say that banks are safe since it is covered in insurance when it goes bankrupt. You can put your savings there for safe keeping and ease of access. But if you want it to grow more, then bank is not a choice. Better put it on mutual funds or stocks, but those are investments already. Its not possible that banks will disappear or shuts down, bank is the safest place to save your money, and if anything goes wrong with your money, banks will help you in recovering it. It is nice to save some money for later and that is because you also can see now and that would be nice but it will be really hard to know what will happen in the future. But investing will be now nice and that is nice because you also know that the value will be much higher soon because the halving is also coming. Both saving and investment is good for future as you cannot invest in anything without saving, and saving can be done only by reducing unwanted expenses. |
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770
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Economy / Economics / Re: I'm not gonna sell any coin.
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on: May 31, 2016, 01:37:19 PM
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It is nice to sell your coin in the future and that is because you will also have to wait now a longer time until the value will be more worth and that can be bad not everyone have the patience.
But of course there are a lot of people that is hoping still that the value will be higher so they can earn later a lot of profit with the Bitcoin.
If you will never sell your coins how can you make profits from it? Its good to sell when price goes higher and buy again when price falls down, this is the best strategy to make profits from bitcoin. |
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771
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Other / Off-topic / Re: If i give you 10 BTC what will you do?
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on: May 31, 2016, 01:34:53 PM
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I would save 1 BTC and would divide and invest 3 BTC in different places.
where you invest and if you invest in a safe place? I think the safest place to invest that amount is through your bitcoin wallet address, that is much safer than what others think. Or you can exchange it to fiat and save it to your bank and that's also secured and safe place for your money. Transferring to bank account is really good, but one thing is really confusing me that do I need to pay taxes on that amount which is credited in my account at the end of financial year? |
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772
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Bitcoin / Bitcoin Discussion / Re: The future of bitcoin
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on: May 31, 2016, 01:30:43 PM
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Future of bitcoin is full of growth. You could never see qn alternate digital currency for bitcoin. It could reach most of the people as well gives increased accessibility in direct use of bitcoin in most of the stores.
Yup, in the future there is a great possibility that bitcoin is going to be a digital currencies are so amazing and beneficial for everyone. Bitcoin is also always showed his prowess in different things and always do a bitcoin growth quickly. Bitcoin will become King of digital currency and very popular in any transaction in the world bitcoin open all financial transactions very easily. I see the future very bright bitcoin. with bitcoin, our lives will be more enjoyable. Agreed life would be much easier with bitcoin in future as it can be used and helpful in multiple ways and I think we don't have to worry about its future. |
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773
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Other / Off-topic / Re: du you spend coins on real life.
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on: May 31, 2016, 01:28:32 PM
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I would like to spend coins in real life but reality is very different in my country.
Very small number of people actually using bitcoin, and there is no offline shop where I can spend bitcoin.
I can spend my Bitcoin only online or keep in my wallet.
i hope this will change soon when we become mainstream.
May be it will take some time to happen but it will change in future for sure, bitcoin is in limelight now and getting attention from many new people too. |
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774
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Bitcoin / Bitcoin Discussion / Re: Why should people use Bitcoin?
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on: May 31, 2016, 01:26:23 PM
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Bitcoin is the future of money, or so they say.
I would like to hear your opinions on Why should people use Bitcoin?
I think people "do not have to" use bitcoin because out there are still many other currencies. But I think if people do not use bitcoin might miss the right moment to use bitcoin or invest on it. And of course by not using bitcoin people will not get a good profit from the currency, which may in the future bitcoin does not exist anymore. thank you That is what I am trying to think also. While it is here use it. Make money in it. We dont know what lies in the future so we dont know when it will end. If that all happens or bitcoin is gone I want all my hard work to be in cash. Keep on selling your coins when you see the higher price, do not hold too long, as you never know when bitcoin price will fall or will simply disappear. |
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775
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Other / Off-topic / Re: What is your plan to get rich with Bitcoin?
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on: May 31, 2016, 01:24:03 PM
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I keep some in the bitcoin wallet offline. I store there because I'm not easily use it. then a few years bitcoin prices upward. I hope happens.
Saving bitcoin for future is really good, but we need to make sure that we have descent number of coins to get rich in future as we don't what exact price it will hold. |
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776
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Other / Off-topic / Re: du you spend coins on real life.
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on: May 31, 2016, 01:14:14 PM
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No.Here in phililpines there are no cafeshops like in uk that accept bitcoin as payment for what you order.But i use to buy foods and stuffs online using bitcoin.And when i need real money i encash my bitcoins to realcash an spend it freely whenever and whereever i want.
You are right, there are no coffee shops just like in UK, don't worry friend, soon they will adopt it. That's our way to spend coins is by just exchanging it to real money, and go to the store and pay physical and real money, but still we used coins in real life. Its difficult to find any physical shop at a moment where we can spend our coins directly, especially in my country I don't see a single shop, so converting to fiat and spending is the only option left. You are right it is really hard to find physical shop that accepts bitcoin, so if you want something to buy to their store. You need to exchange it first to fiat and then withdraw your money with whatever bank or partner of the exchanging site you are using. Spending now will not be profitable, as price is rising now and halving is also near, so its better not to spend and save it for the halving. |
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777
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Economy / Speculation / Re: Bitcoin going Up to 500?
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on: May 30, 2016, 05:56:26 PM
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Bitcoin has been steadily rising. It already beat up the $400 mark and it seems to be going up to beat the $500 mark. Do you believe we will see it before the end of the year or not?
Thoughts anyone?
It already hit just a few days back. My predictions were right - next stop is $550. Bitcoin should be viewed as a long term investment vehicle rather than a short term one. It has so much potential to offer - people don't realise the beauty of it while pumping and dumping it. Well, bitcoin prices are already above $ 500 now. This is the price we have been waiting for several months, even from 2015. I think this is a good time to sell coins or hold bitcoin, bitcoin prices may be higher If you are satisfied with current price and if you are earning some profits from it then you should sell it and if you are looking for higher profits then you should hold it for a while. |
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778
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Economy / Speculation / Re: bitcoin will rise again
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on: May 30, 2016, 05:54:17 PM
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The bitcoin will also rise again for sure without any doubts, the bitcoin has a good future and you can now already see it rising to higher amounts, its now even around the 530 dollar.
It will be much higher in coming days and weeks, just we need to have some patience and hold it till the halving and we will see some huge price of bitcoin. |
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779
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Economy / Economics / Re: Tell me your predictions about Bitcoin
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on: May 30, 2016, 05:52:33 PM
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My prediction on this time was bitcoins will explode or the start of the news will known to spread this after halving period ,i also predict that this end of halving it will reach $750-$800 .
I think it much more possibility that we see the price of bitcoin $700 before halving and it will move up to $800 after the halving, and if it happens then $1k will be at the end of the year. |
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780
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Economy / Economics / Re: Bitcoin or gold?
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on: May 30, 2016, 05:50:50 PM
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I would go for the bitcoin without any doubts because with the bitcoin you can do so much things these days.
Its way profitable and the price is also right now rising quickly.
Exactly, invest now in bitcoin to gain better profits in quick time, gold is good but not as fast as bitcoin in giving profits, the users of bitcoin will invest only in it and not in gold. |
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