|
I personally consider it both, but at the moment I like it as Investment. More than transaction, I like to invest. And somebody who solely treats BTC as investment is not totally wrong, because might be they are not able to spend with Bitcoin, but the volatility is letting them make profit upon their investments.
|
|
|
|
I think we should combine both, save money is very important because if there is a sudden needs then we will use the money. very good investment for the future so as not poor, for portion, I recommend 50% for save and 50% for investing.
Depending on you capacity and capability to invest matters. Always saving and investing in 50-50 percentage not possible. The way one does it and how well he manages to save and invest will be helpful as both Saving and Investing will help. Performing only one might cause trouble in future. |
|
|
|
What are the features that a good investor should have? What are the characteristics of people who have enough capital and earn money from money?
What are the factors that make these people successful in their investments?
There are many businessmen in this world that became successful and some are now called a tycoon like Lucio tan, Henry Sy, and others. If you wanna know about their secret success, several books has been spread out around the places which you can avail to buy it in any bookstore outlet. The only factors that they have in common as a business man was they have a positive thinking in terms of making money. Books Can tell you what are the factors to make money from money by successful businessman, but its upto to any individual's action and mindset which creates a difference. Not only positive thinking, ability to take and handle risk and its consequences is all about making money. |
|
|
|
Well, I do not feel that bitcoin is not a currency, in fact, I feel at this time, bitcoin has become an international currency on the Internet, although not all admit it. so many people are doing transactions with bitcoin from around the world, and unconfirmation of the transaction to be proof.
Bitcoin is not really a currency I believe, though it is being used for transaction. It is more of a commodity or investment by which one can earn potentially high profits, but one can use it to transact as well. But as the value is so volatile, its not fully suitable for general transaction done by any recognised currency. |
|
|
|
Bitcoin is better than cash though in my country byitcoin is not that quite known so it needs more time before people here become educated in this things. If they would just know that BTC is easy to handle and easy to use, and can send payment or money in the whole world. for sure they will use this at once.  Bitcoin is better than cash to some extent. The availability of user of online payment is not so broad in most areas, not because they are uneducated, but its difficult sometimes. And using Bitcoin might be create problem as the major drawback to me is the transaction time taken. If I go to buy train tickets, it is never possible to transact with BTC. So currently having only Bitcoin instead of cash is not a good choice. |
|
|
|
Bribing itself is not a good idea, by any means. Though its secure as no name is involved while transacting, but it might give Bitcoin a bad name. And in many countries Bitcoin is not so popular, even some on takes bribe, it will be difficult for him to cash it to spend it.  |
|
|
|
So as of this moment, I'm only earning bitcoin through a signature campaign here on bitcointalk forum.
How are you earning bitcoin?
I don't have a lot of ways for earning bitcoins because i lack skills, technical or trading, so the only methods for me to earn bitcoin are signature campaign and sometimes gambling. Though gambling comes out giving me loses sometimes but if i see that now a days, so i'm earning few satoshis from it everyday. I also lack those skills, but I am trying to learn. You can also try, it is hard but it depends on peoples capability to learn. And other than trading you can do freelancing and accept BTC as payment. I do it sometimes by writing articles. I also earn from various other Job Sites, GPT and very rarely at faucets. |
|
|
|
I personally pay more and will pay utility bills using real money. Even the salary I get it in hard cash and I think that this trend is still quite long.
but in my country today most companies are already using payroll systems with the help of banks. not the cash anymore. so all expenses can be monitored. This is a sign that paper money has started at left Companies do pay electronically, but small scale industries have to use paper money. Paper money is decreasing, but it can't go right away. In rural areas, it is tough to remove paper money. Paying electronically can curb corruption and black money, but it is tough to happen. Society can't be cashless(Paper Money). |
|
|
|
Many people who lack understanding of the market and prefer to believe every rumor in the decision to sell Bitcoin that they had made it up because they are afraid of pricing conditions deteriorated but notice that the price of Bitcoin could rise again in the future.
Those people surely are not patient upon seeing the price to fall and they will do the same thing as those dumping people did. Because they fear that probably the price will go further to fall and they don't know too that it can do come back on higher price so instead of just holding, they do panic selling. I'm one of them before. Panic Selling is the biggest drawback regarding Bitcoin, maximum people whom I know dump their Bitcoin as the price goes down more as usual. They don't understand it results in more price drop. In market if value falls, it has to increase again if its popular. When People will understand, this panic might stop. |
|
|
|
|
To some extent Bitcoin can replace Paypal, but replacing Banks and Cards are nearly impossible. BTC is not a global currency, so its not possible to stop using Banks and their Services, and moreover the value is very volatile, so using it as usual currency, contains risk for many people.
|
|
|
|
Didn't bothered much when first heard about it, then few months ago I started to use it. No friend was there to guide me, learned more about it daily since then from the internet. When started using it, I was quite confused about the address, because it regenerated. And also the transaction time was quite much.  |
|
|
|
|
Unconfirmed transaction which takes very long time disturbs me, initially I used to get frustrated but now its getting casual, but sometimes I get annoyed when it takes too much time, when I need it ASAP. Other than this till now nothing about Bitcoin really frustrated me.
|
|
|
|
That is not right. All banks are obligated to run your account as long as you have money in it or just being active with it. What they did base on your story is they have taken away your money which is basically stealing it. Even if you violate something with your agreement in the bank they are not allowed to keep that money, even if it is illegal they must surrender the possession to the government.
Not really banks are private institutions and they have the right to refuse you if they think you bring trouble in some way or form, the banks may not like the source of your money, even if it is legal, the way you use your account or if the banks have bad experiences with you then they may decide to stop providing their services. I think there are some banks that make users get a bad experience. so, they do not want to use a bank, and perhaps they think that bitcoin is better than it was. Well, banks are sometimes annoying, but I guess, it was the safest place to save money, with high security. Besides, you need not worry, because everything has been paid by the bank, if there is something that does not want the money you save. Yes mostly bad experience is the cause of distrust upon banks, But distrusting is of no use. Bitcoin is not so popular in my region so had to rely on Banks. It is safest place to save money, but not good for growing your money. The functions of the two seems quite different to me at the moment. |
|
|
|
Paper currency will remain in our new world.
In India, the government already trying to implement the plan "Digital India" which is cashless transaction. Actually which will never be happened as more peoples were uneducated and not aware of digital currency/transaction.
So the current currency which is ruling now will be our next/new world currency!
You are right, and considering India is not a big country, we can already assume that most users in that country are comfortable with using paper money. They cannot make it compulsory for the entire population, it will not create a good community when people cannot easy trade successfully. Fiat will stay, of course. As it is a developing country, and most people are backward thinker. They will be not ready to accept any new implementation. Dollar will prevail as it is, Bitcoin is good as alternative currency and Investment at the point. |
|
|
|
the best way of investing is to find a good investment that is rising fast, it can be bitcoin, a stock or a business that you invest in, then you can either buy one with all your money or diversify.
after that keep the initial investment and cash out some for profit each time there is a rise, or you can even ride the waves of fluctuation up and down to make more money and still have the initial amount saved up.
with investment in bitcoin, maybe we can make money with money, with time fast enough. This time, the investment bitcoin, has done a variety of people who have a lot of money. so that it can make bitcoin prices to rise. bitcoin price increase, could make us a profit. so, you need money to buy bitcoin, and bitcoin is also used as a means of transactions on the Internet. Currently Investing with Bitcoin will be giving more money from money, but similarly, investing in various other places/market will result in making money from money. The price basically depends upon lot of factors going on in the world. So it is kind of risky than other investment, but its profitable as well than those others. |
|
|
|
I prefer to wait, the coin value is still increasing it is now 1000$ so, for sure it will rise more.
If you are in a plan to make the sell after $1000 then it looks like the right time. Now it has crossed $1020 and nothing gives an assurance so to benefit more and more. Based upon the unpredictable nature of bitcoin as well other digital currency anytime price could fall or increase. Better is to make the best move to hold the profit. After reaching your Goal, you shall sell more than 50% and hold the rest for few days or weeks, if the price tends to rise, set a new target. But Holding blindly might bring you under loss. It is unpredictable but not totally. |
|
|
|
Yes missed 1-2 times, for selling. Fear made me do that, and also listening to others. So listen to yourself, keep track of the world movements. But I do not have regret for selling it faster because I reached my estimated goal, but who don't want to get more  |
|
|
|
I think this is from the speculation, it's been no secret that bitcoin can be controlled, I think it not strange if bitcoin will rise again to $1.500 a week later or go down $500 in a day, we have to be ready.
The price can Rise or Fall anytime, suddenly, but usually it can be guessed. But yes no guarantee can be provided. The Value of BTC currently depends greatly upon demand of BTC. Also the government action and policy and trigger up and down in the valuation. |
|
|
|
i do not think that paypal is scam because we know that paypal is a biggest service and paypal was very famous before bitcoin and now a lot of people are using bitcoin for online shopping because bitcoin is more available in everywhere than paypal for online shopping .
Im agree with you overall Bitcoin is better than paypal because the number one issue of paypal service is their fee its more higher than Bitcoin.And the second one Paypal is not easy to use unlike Bitcoin. Absolutely, Paypal is not scam, but after Bitcoin became popular, it got easier to transact with no fear of getting my account freezed and high fees, and get wrongly disputed. Paypal is also tough to fund in few countries. But sometimes transacting via Paypal helps as it is much secure and faster. |
|
|
|
I think if the price is more stable than, bitcoin would be more popular than now. Because many big players (I mean really big like retirement funds, not like Chinese player) will enter the market safer. Many people will trust and will use bitcoin, many websites, banks maybe even countries will accept bitcoin.
If I have a retirement fund, I won't put it in currencies that has a price of $0.01-0.10. It's not practical, why would I convert my cash to bitcoin if no more growth is seen, besides, retirement fund should be safe and should be put in banks and anywhere that we can use the money each time we want to use it. But as merchant, it is a good opportunity, since no more fluctuations and your price won't be moving each day. Yes, I am sure that the most of people here are interested with the volatility of bitcoin. I think stable price will not make bitcoin to be something special. Unstable price of bitcoin gives trader better chance to get profit. Yes, Bitcoin is here for its volatility and also ease of use. If it becomes stable I think it might not be that popular, but it will be still in use as any other Payment Processor. Moreover I assume it won't be stable |
|
|
|
|
Show Posts
