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I think yes, if there is a case to save your money you will invest them on bitcoin or gold/silver. For me gold/silver and bitcoin for now it's the same. But still I wouldn't move all my money on bitcoin because if I wanted to cash them out their value wouldn't be the same. Some of them in bitcoin, some of them in gold/silver and some of them in cash. Also this shouldn't happen only in those cases, you have to be sure that at least half of your money are safe in any case.
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Yup, true! I have been told even buying $50 dollars worth of Bitcoin, or even $10 worth of Bitcoin is good enough to get you started into Bitcoin. Owning at least 1 BTC now would be ideal, and its not bad owning 0.1 either, is just that the earnings you might get is not even a lot. But every newbie should not think that way, instead, they should try to earn/buy Bitcoin slowly and saving up, and I bet that isn't impossible. It just takes time.  I will agree with you, that's what am doing. I try to hold my bitcoins and save them. And now because of the price you start thinking in terms of 0.10 BTC-0.20 BTC instead of 1 BTC  |
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It was designed to run at the principles of business. How else would people around the world pay millions of dollars pay day in electricity cost to provide security in the system?
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I can agree with you, bitcoin is by far faster than paypal because if you send bitcoin to a card in will take max an hour to use them as cash, and paypal will need 1-2 business days. The time of confirmations for the transaction is another issue, and it's happening for the security of the money.
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The reason for the unconfirmed transaction is your terribly low fee. 19 Satoshi per byte is definitely not sufficient for such a transaction. The fastest and most economical is around 480 Satoshi per byte. In future, I would recommend that you use a higher fee. However, I too do see an increase in transaction fees. In 2014, it was a much smaller value. Such a volatile increase is not efficient.
Try being more careful next time, and don't worry about your bitcoins, worst case scenario: your transaction doesn't get confirmed after a week or 2 and you'll get them back in your wallet. Also you can try pushing the transaction but idk for 19 satoshi you should try contacting miners or something. |
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How much in percentage of your total bitcoin do you allot or invest to trade? Is it like 50% hold and 50% invest in tradings or how do you go about it?
Is it wise to invest all your 100% bitcoin in trading if you feel it is the right opportunity?
The percentage doesn't really matter. What really matters is that you should invest a solid capital (say 200$) which amount should produce a steady profit, eventually helping you ROI above 100% and earn some green. |
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what was your attitude when you first got into bitcoin? was it to get rich quick? make some dollars? learn the tech?
and how has it changed the more you've learnt? did you go from a moon kid to a serious scholar of the tech or even more of a moon kid than before?
i started off as interested in the dollars, then got more and more fascinated by the whole world around it, now i think i'm starting to come out the other side a little.
the more i've learnt about this scene the more screwed up it seems and i don't see how it's gonna cure itself. there's money to be made but i might be doing it no longer believing in its immediate future.
cryptocurrencies will never go anywhere but i'm starting to think what's around us now will be looked back on as the experimental and growing pains phase rather than anything that directly survives and is built on into the future. uncool but from the heart.
what about you?
When I first started I was just curious to see how this will unfold. In the first 5 days I saw the price went down and I was very disappointed and I "gave up", I didn't use that money though because I was hoping for the best, and one day after the price started go high very quick and I was so excited. I'm still searching about Bitcoin and it's use cases, and I think is something that's beyond just money. Time will tell |
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That's great, and it will be a good start for other countries to recognize Bitcoin . Also, the process will be much faster since people will use their smartphones making the adoption easier. |
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I've been talking about Bitcoin to family, friends and random people for years and nobody seemed to mind when BTC was under $1000. But now that Bitcoin has reached $2000, people are starting to realize that owning 1 BTC is beginning to be out of reach for the average person.
I've had more people ask me about Bitcoin lately and wanted help buying Bitcoins. What about you?
Indeed, the last 6 months more people are eager to learn about BTC, most probably because of the price. Mostly friends and family are asking me about btc. |
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I believe that if something goes down after some time goes up, and the opposite. I would definitely keep some and the rest of them I would sell them. The risk is big, but is worth it, if you think the ups and downs of price of btc. If you play smart you can ''win''.
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Just wanted to share my experience of bitcoin with the recent price rises. I bought £15000 worth of bitcoin at 3 different stages back in November 2013 when the price went sky high from the tens, to the hundreds then up over $1000. Think I bought at $300, $600 and $1000 or something, can't exactly remember. Anyway the price plummeted as we know but I held on for the long term. But then I lost my job, had a holiday in the US planned and held out for months until I had no choice but to sell. I sold all 27 bitcoins for £7000 meaning I lost £8000 overall. I didn't want to sell as I would have rather kept them with a chance of either making money one day or losing it all, rather than sell immediately and lose £7000. Price continued to drop below $300 so in some way I was happy i didn't lose more but when it stabilized at $250 and stayed there for what seemed like ages I knew it had a future and would go up again one day. But I couldn't bring myself to throw more money at it. Anyway today my 27 bitcoins would have been worth £37000 and a nice £22000 profit. Oh well.  I know that feeling too. :p But this was what it happens. But think you could lose more if the price of btc was too low. I don't know if someone can invest easily in btc now because of the high price but from personal experience I do baby steps and I have seen some profit. |
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The best way to make a person believe you, of what you are showing to him is to do it that moment. Once I showed to a friend what bitcoin is and how it is working in action and explain him what am doing, and he started to use it too. It was so easy and very nice way to make him understand what I was talking about. |
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First of all bitcoin is anonymous and cash not, when you want to cash out your bitcoin you have to pay some fee to do that, that's not happening with real money, and also you can use your bitcoin where you are but you'll have exchange your money with the currency there is where you are.
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When the price is so high of course holding is good  But why the price is soo high, can someone explain me? Please. I want to buy btc but when the price is under than $1600/btc, how someone can invest in it? |
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Hello.
I asked a question yesterday which remained in a good answer.
By the way, I would like to know exactly if it is possible to transfer about 5000 BTC or 10000 BTC in a single transaction ?
Thank you.
As long as you have BTC you can send as much as you have But I wouldn't risk it to send that much (if I had them :p) because first it will take very long time to confirm the translation, and second you have to be 100% sure that you send them in the right place ( wallet/ payment). |
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Some of them are good for our health but you have to be very careful with them when you pick them up, if you don't know. Also, you know that those have no chemicals substance than the others.
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It has change mine, like nothing else before I'm very lucky that I use BTC, and much richer than I thought :p I would highly recommend you to start use BTC, before it's too late and the price goes to ''hell''. |
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Since the global crisis started, I have been removed all my money from my bank and I use it only if I want to buy something online. I never trusted banks, so why should I do it now :/ And since I started use btc, I have learned many scary things about cash, banks etc. Be careful guys!
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Hmm.. It's hard to decide who's lives and who's not. I don't know if you are the right ones to decide that. But you can't leave a serial killer who killed kids to leave, even in jail. Any man who are in jail for a reason, there not actually punished, bcs they are still eat for free, have cigarettes for free even women to have fun. But even then I don't know if we have to accept the death penalty :/
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I use trezor! It's a very safe way to keep your btc, far away from online threats. Since I bought I never have stop using it;) I highly recommend purchase it!
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