Bitcoin is a profitable business for those people who are invest in it.It is the best source of incoming platform. This is blessing for all who are connected to this forum.It is the first crypto currency. For all those things,Bitcoin has a bright future.
bitcoin is only a currency or an asset that has is mainly used for buying and selling therfor i can say that bitcoin is not a business because a business is something like a company. however bitcoin can still give you a profit or income just like any other business out there. also ivestment is not only the way to earn a bitcoin, infact there were many known ways to earn a bitcoin, some of them are mining, trading, advertising (i.e signature campaigns) ,etc.. overall i also believe that bitcoin will have a big and bright future ahead because bitcoin is just awesome and one of kind digital currency that could possibly improve the economy of the society who are willing able to adopt it. Bitcoin is not a business in itself but many people around the forum are using bitcoin as a source of income and there is not a way to deny that, especially those that are traders and are able to make so much money by just trading bitcoin back and forth, or those that have created a successful business around bitcoin like casino owners will without a doubt think of bitcoin as a business opportunity. |
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I do not think that it will be a powerful weapon for managing the economy, because if the Internet is turned off, it will simply disappear and will not pose any threat to the economy.
The consequences of turning off the Internet are so bad that are almost unthinkable, can you imagine the amount of money that is going to be lost if the Internet was shut down, you will not only shutdown bitcoin but the entire banking system as well, that is something that is not going to be done lightly if it is ever done, it is more likely that governments try to find a way to block bitcoin directly. |
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i think, yes they can, with the use of international laws regarding forex, tax and any laws stated in each country, they can unite to form a law to halt mining by tax laws, with mobilized advertisement or blockout news regarding bitcoin and mis interpret it as illegal, they can, but let's us not give them the idea, let us enjoy bitcoin while we can.
I agree with that, government can take decisions whether to ban it or not, ultimately the decision takers are the government. Many countries still not given green signal to BC, recently China also banned the use of bitcoin. Higher authority have all the power to regulate it once govt says no, nobody can able to stop it. The governments do not have the last word when it comes to anything, at the end people are the ones to take the decision, just look at the war on drugs, marijuana has been illegal for a long time and yet it is the illegal drug with the biggest usage and in many countries governments are giving up and making it legal, if people keep using bitcoin despite being illegal that is going to force the government to accept bitcoin. |
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No.
Anyone who promises to double your money should be an automatic red flag. That is very sketchy. Just buy, move them to a private wallet, and hold.
There are many red flags one should immediately recognize. I could point out many more. In case of dealing with people always carefully read their trust. A person may have a viable negative trust, with links and proof from a non default trust user. It won't make his trust shiny red, but the comment will be there for everyone to read and can save your money. When you're approached by someone always try to verify if you're talking with the real owner, not a hacked account or an imposter. Don't strike deals without thinking them over. If something looks just a bit suspicious ask other forum members, make a thread about it and verify everything. Use escrow, don't send first and don't engage in pay pal deals. Yeah it is important to read the untrusted feedback of people in the forum, sometimes you are going to find nothing but the ramblings of people that are butthurt but sometimes you are going to find feedback of people claiming to be scammed and that have enough proof that was indeed the case, but since the feedback is untrusted, it does not show as red trust for everyone to see. |
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Hi Box, I became a hero member in this period of activity, probably there are not spots for hero member but I'm fine with that, also I have updated my signature as well.
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A lot of people now days jumping and investing in the cryptocurrency industry.
If you are not investing in crypto, where do you else invest?
Property ? normal crowdfunding? give your input
In my case, besides cryptocurrency, I also want to invest in the stock market because it is more stable and though it is not so fast to grow but at least, I will also another option to have income in the near future. I like investing here in bitcoin because I know that it has the very big chances that it will grow more and more. And I also want to invest in stock market because it is better if you have many ways of income than having only one way, right? Having more than one source of income is always good, but things are not so easy, many people in the bitcoin forum do not believe in the current economic system so they think it is not worth their time to invest in stocks since stock are assets that are subject to heavy manipulation from governments something that does not happen with bitcoin since bitcoin is independent of government control. |
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There must be lots of people wishing they had bought when bitcoin still was 10K. With today's prices they realize that they missed out a real chance to make a gain. And maybe even with these incredible high prices it's still possible to make a profit. Bitcoin could go up to 20K this year and rise to 30K next year March.
Thus far it has never been to late to enter the market, but there will always be people missing out on fantastic initial opportunities. If the price goes up to $20k next week, people will regret that they didn't buy at $15k. If the price goes up to $50,000, they will regret not having bought at $40k, etc. It's basically a cycle these people can't escape from due to their lack of confidence to pull the trigger for once. If the demand remains as strong as it is right now even in the next year, we'll break through the $30k level for sure. It's not like it will come as a surprise with everything that has been going on lately -- more money being invested in this market means that we will continue to see the number of on-exchange coins decrease. But at the same time things have changed, people regretting buying bitcoin at 200 dollars are regretting a moment in time where not only buying at that price could have give to them earnings but the price was very cheap as well, nowthat bitcoin is at 18k even if you can get profits by holding that is a price that not many people in the world can afford and even if they could now you need to be fully convinced that you can make money with your investment or you risk losing a lot of money. |
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Does anyone honestly believe any South American country collects a fraction of the taxes it's actually owed? No one's going to pay this. Even in supposedly fully functioning economies like Italy tax evasion is the national sport.
Everyone from shaky economies is fully versed in hiding their money from the government. Crypto makes it a ton easier.
True, governments in third world countries do not have the strength to prosecute the real criminals like killers and kidnappers, so they can claim to be owed whatever amount of money they want that does not mean they are going to get it, so at the end this is another law that is not going to have an effect at all on bitcoin holders besides I do not think we are that far away to see the emergence of bitcoin tax havens. |
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My bitcoin's final goal is to please both my parents, then to buy the wishes and needs I dream of. and definitely I want to be a miliyader with bitcoin.
I dont realy understand what are you talking about? How could you buy a wishes? that was only free absulutely free and no charge. Anyway i think almost all of us also dreaming about to be a big bitcoin holder in the future so good luck to all of us. The user you are quoting probably does not have a good enough command of the English language but he seems to mean the wants of his parents when he say wishes, basically he wants to buy stuff for himself and his parents and wants to be a millionaire as well which is in my opinion a very common want on people in this forum especially now that the price of bitcoin has gone up a lot in the recent months. |
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A different look at the Bitcoin market: http://www.finance-guy.net/finblog/bitcoin-not-a-bubbleit's not a very positive opinion, but I agree that something needs to be done to attract the general masses to use Bitcoin. Something needs to make BTC more attractive than cash for everyday people. What kind of incentives do you think would work for the people you know? There is not need to incentivize people to use bitcoin people are slowly realizing the reasons, bitcoin is not controlled by governments, you cannot print bitcoin at will and if someone decides to to increase the hash rate bitcoin will just adjust the difficulty, also bitcoin is showing to be a great investment and that is attracting a lot more people to it and soon enough we are going to realize that bitcoin is an excellent store of value as well. |
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I think there are few great altcoins for short-term profit like IOTA, Dash, Nxt LTC, XMR etc but always mind it short trade very risky Comparatively long-term trading safe
Getting profits for the short term is a loser game, you may get profits now but most of the time that kind of earnings are not sustainable and if you happen to select a bad coin you are going to lose almost all your money and you will have to begin your journey in crypto once again so like always the fastest way to becoming rich is the safest, pick some of the top coins and hold them for a long time. |
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Well I got only one thing to say: well done BITDICE.
I had the idea of an ICO for a gambling site too but I've always felt that you had to provide more than just an idea for an ICO.
And indeed bitdice has much more to offer! The reputation of the site is without any doubt a solid recommendation. I'm pretty sure the investors will be happy to share both the profits from the website and the profits from the token growth.
This is the problem with most icos, they are asking for millions of dollars and they got nothing to show for, this is why Bitdice was different and it was obvious the ico was going to succeed because it had a trustworthy casino behind it, a real casino offering profits already, it had realistic expectations and a road map that could be achieved, so while many other icos fade into obscurity those that bought the BitDice tokens are going to benefit immensely in the future. |
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As part of the economy I want to ask
•What do you think is the next big thing? by means bitcoin is getting higher and people should now invest in like what they did before.
•What coin like bitcoin you should invest in? is it bitcoingold? or the next coin that the developers will create
Bitcoin still has not become that massive so making these kind of speculations seems a little bit early for me, there are many projects that are perfect for crypto, anonymous coins that cannot be tracked, decentralized exchanges will allow you to exchange your bitcoin with no problem we also have a decentralized Internet which is going to become a revolution once it is fully developed. |
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Why not both? These coins is like the foundation of all coins in this industry. Of course, bitcoin is the mother of all that's why it is safe to invest in it with good profit while in ETH, the second highest which some altcoins are using it for their project. But for me, since I don't have a lot of money to invest I'll go with ETH both of them are rising however since ETH is cheaper you may buy it and hold it for years with sure income.
You can invest in both of them however if you have a lot of money in ERC20 tokens then it may be a good idea to not invest in ETH that way your money is more diversified, if in the other hand you have almost no money invested in ERC20 tokens then it may be a good idea to add some ETH to your portfolio that way you avoid your economic fate to be tied to a single coin. |
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I have noticed a huge increase in the value of Bitcoin within last two weeks. Before two weeks it was on 12000$ while today's current value of a bitcoin is 19407.69 US Dollars. What do you think that a the end of Dec 2017 what will be the price of a Bitcoin?
This is actually vertical acceleration, where every Tom, Dick and Harry is rushing in to buy bitcoins. because they have heard that it is a quick way to multiply your money. When we do correct, these are the very people who are going to go around telling people that it was a big gamble. I have no doubt that some people are going to get hurt, especially those who are taking out mortgages to bet on Bitcoin. New money is coming but I do not think we have reached the point where your average person is deciding to invest in bitcoin and mortgage their homes in order to do that, in fact every time we see news like that we see that bitcoin traders are the ones doing it, people that have a lot of experience in the market, this tells me that there is a lot of time left for those that want to make a lot of money with bitcoin. |
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While the technology of bitcoin is great it is true that bitcoin cannot do that much by itself it needs the support of the people and while our support is great we are still a minority and we need an important amount of the world population to adopt bitcoin, depending on that, the effects of bitcoin can be small or enormous, bitcoin is a revolutionary technology but people may not be ready yet to accept bitcoin.
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I would highly recommend to invest into both coins. But maybe you better invest in the next bear cycle. The prices exploded and everybody is extremely euphoric. I would not buy more in this cycles.
But the issue is you do not know if there is going to be a bear market at all, what happens if the price of bitcoin does not correct and it grows to 50k in the next year, you are going to miss on the profits, now if you are right you could buy more bitcoin with your money but at the end is gamble and since I'm willing to hold for the long term I buy as soon as I have money to spare. |
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Not at all cause bitcoin is still in some part anonymus, of course some of us won't invest more in it and they will just hodl this amount which they have now but for some it will be just next step to overcome barrier made by goverment.
It is also to be noted that governments follow the will of the public. A welfare state do not impose those rules on their public which are in harm for their public so if people will get prosperity with bitcoin then they will not ban it in their country but they will promote it more and more and they will legalize it just like Japan which know that it is beneficial for their people so they legalize bitcoin in their state. Disagree, in theory governments should care about the well being of their people, but how many times have you seen misplaced policies that instead of helping people damage people and those policies are left in place, governments have learned to become self serving so even if they know that people are going to benefit from bitcoin they are not going to make it legal if they think bitcoin is going to affect their interests. |
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I just came over from the 'Investor Games' subforum (hope I got that right). A guy there said he came across a site asking to double his bitcoin, he paid in $20 and got $40 the following day or so. He then went for a higher plan of $300 hoping to cash out $600 but they asked him to pay in another $300 before cashing out. He got confused and was asking for advice.
I think I've been there before. Before I became a forum member. I once came across one of those scam sites promising to generate bitcoins. Thought it was real, but when they asked me to pay some transaction fee, I was stuck. I had no money to pay the fee. With the benefit of hindsight, I know I'd have sent them the 'transaction fee' had I had the coins to send them.
Now, what have been your experience with internet scams?
How do we help people not to get scammed?
If it sounds too good to be true then it always is. You can't just double your money so easily by joining a pyramid scheme. Typically they pay the first people who put in small amounts in order to lure in the bigger deposits. And most of those that got paid are nothing but alts or people that are aware of the scam and are helping the scammer, we must not underestimate the amount of work and inventive scammers are going to go through to convince you they are legit, for people like us that are not scammers it is difficult to imagine all the things that go in the background in a scam as a bitcoin doubler. |
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There is absolutely no reason to worry that bitcoin or crypto currencies are a bubble and nobel prizes from the system are not worth 5 cents. I remind you that Obama received the nobel prize for peace while he initiated several wars and that tell us everything about how realistic those nobel prizes are! The opposite is the case! The fiat currency system is a bubble and will end like it has ended in 1929!
Isn´t to be against or in favor of the theories of those economists who also won a nobel, they hold their theories but only one thing can prove them true or discard them: and that is the time, another thing the peoples that came out against BTC and who have been critical of it they have every right to do it, but they also sometimes make mistakes. Those economist are paid to distribute the same old theory that everything is OK and that we must obey the government when anyone that has his eyes open can tell there are many things wrong with the way the economic system works and that politicians do not want to correct because they are benefited by it the same way as bankers, bitcoin is a game changer and they do not like it one bit. |
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