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I plan to sell them only when I need them.
I mean to say ,
I will try to retain my bitcoins as much as possible,
This is because i have seen in past couple of years how it's price has shooter up.
Now I realise that had I even invested 100 $ ,
I could have got huge profit and now I regret.
The patterns of the increse in the cost of bitcoins will continue.
So I would like to retain them as much as possible.
They are a kind of form of investment for me.
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If you want to win big and constantly,
you need to start a gambling business.
No other way around.
You cannot take a bigger cut of the gambling pie unless you are one of these companies.
Even the most successful poker players and sports bettors cannot compete them in profitability.
Plenty of people work in the gambling venues,
from dealers and odds compilers to-
marketers and public relations staff.
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This is a very ambiguous statement.
As the answer is both yes and no.
Yes because when we compare bitcoin to Fiat,
Bitcoin has miles to go ,
It still has to achieve a lot and conquer the trust of people.
But when we compare it to other crypto currencies,
There are many new crypto currencies that have come up,
Eg ETH ,Blackcoin. But bitcoin is the best in class ,
And bitcoin is mostly prefered among all the crypto currencies.
So we cant directly say that bitcoin has no competition.
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I would like to join your campaign
User : Soul Reaper
Rank : Jr. Member
Post Start : 72
Bitcoin Address : 1KTPsAtDRPUEVgpDYN1Z3HR7CuYcwkP6ds
Thank you so much!
Reapplying! User : Soul Reaper Rank : Jr. Member Post Start : 108 Bitcoin Address : 1KTPsAtDRPUEVgpDYN1Z3HR7CuYcwkP6ds Thank you so much! |
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It is a bit less amount to make an investment.
But I still insist you that ,
If you have patience to wait for 1-2 years ,
Then you should buy bitcoins out of that.
I think that by the end of this year they might reach upto 2000$.
So if you are patient enough to wait for 1-2 years then,
You should invest in bitcoins.
Else you should save more and then invest.
Or you can spent them off and when you have got a big amount,
Then you can purchase them.
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I don't think that it will kill income tax.
As even for very minute transactions we have to pay transaction fees.
All kinds of taxes are included in this transaction fees.
Including the income tax I think.
Income tax is very important,
Because if some part of your money doesn't go to the governing authorities,
There would no maintenance taking place.
As a result the places we live in will be a total mess.
Thus with bitcoins or without them income tax can't be avoided.
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Hi, I am looking for a way to earn some money without invest(because I am broke), I can dedicate 2 hours a day in that. what can I do to make a bitcoin per month without any investment?
Earning bitcoins is not a game. Even to earn 0.0001 bitcoin we have to work hard. It's not so easy as it seems. Just 2 hours a day is not enough until you dont want to gamble etc. You can start by posting something good. And when you become jr member or member apply for some signature campaigns. You have to be patient because at the start the payments seem to be very low. But later as you get promoted your pay scales will increase. And then after devoting 2 hours a day for atlest 2 years you become a legendary member. After that you may find a campaign which may pay you good. Mining is also a good option if your computer is damn good. With any ordinary computer mining won't be successful. |
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Imagine you had a daily income of 40$ each day in bitcoin, what would do with them and where would you invest them ?
Why would I invest them. Bitcoin is itself a form of investment. I mean the just see how the cost of bitcoins has increased. It was not even 1$ .(here I am talking about the 1st bitcoin ever) Just think if someone had puchased it then . Then how much profit he would have made. 40$ per day Is almost like 1 BTC per month. Its a huge amount. And it would be even more in the times to come. Bitcoin is itself a form of investment, So I would not like to invest this amount somewhere else. The day is not far when 1 BTC = 10000$. |
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As such there is not right time or wrong time to trade bitcoins.
The cost may be volatile but they are usually stable around a fixed value.
And fir the longer period of time they always increase.
Just consider that that you purchased bitcoin 7 years back,
When it was not even 1$ and you had sold it the immediate next month.
You might have felt happy then that you had earned 1$.
But now if you had sold that bitcoin then just think how rich you would have been.
So there is not right time to sell or buy a bitcoin
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We lose only when we don't know the exact time when we should sell our coins. There are different reasons, mine is my personal expenses that I need to deal with, which is why I am required to sell my coins when I get them. Hodling them for too long is also dangerous, because when we can have a chance to buy back at lower prices, we should sell when the prices are high.
I don't think you will loose anything. Bitcoins are programmed in such a way that, They will be generated till 2140 ( in the 22 century) This is because there should be a limitation to a currency . You can't just generate as much as you want. Bitcoins that are to be generated will be always same, But the number of users will increase as the time passes. So the same thing which was generated for less number of people now it's equal remaining part will be available for more number of users. As a result cost will definitely increase as the time passes. |
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I have many times used bitcoins to do online transactions like for steam , xbox etc.
But I have used bitcoin to buy physical things very less.
Once I went to a cafe ,
I wanted to retain my cash, so I very casually asked,
"Do you accept bitcoin payment".
To a surprise the person said yes and I was a bit surprised.
But now seeing the growth rate of bitcoins,
It didn't come to me as a surprise now.Bitcoins have gained a lot of acceptance.
I have even heard that in Mercedes Benz and Microsoft stores BTC is accepted.( I have used it in my X box online but never physically)
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It is difficult to answer such a question.
Bitcoin is being a crypto currency helps us definitely ,
To keep our privacy and details safely.
But this asset of bitcoins can be misused too.
Many blockchain accounts may get hacked by hackers.
Activities like bribing, gambling etc have increased drastically.
Bitcoin was created to ease the transition but its this feature is being misused.
Bitcoins can definitely increase the scope of trade.
But I don't think it can prevent crimes.
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Bitcoin 20 years from now ,
I think is a nightmare for the banks.
Use of bitcoins will be increased that even the local traders will start accepting it.
I worth may reach up to even 10000$ .
Rising popularity of bitcoins may result into small banks closing up.
Bitcoin might also increase crime activities .
Because it is easy to do such things with bitcoins as compared to fiat.
So overall it may have a positive impact .(exception do always exist)
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We can't say which is more evil or which is less.
But as of now Even though bitcoins are gaining popularity,
PayPal is Bieng used by more people.
But definitely bitcoins I think are better than PayPal because-
1) They are decentralised.
2) They are easy to access .
To make just one PayPal account you have to go through long forms etc.
But accessing Bitcoin it much easier, I helps us to save our privacy.
3) Bitcoins are easy to access,
I don't know about North Korea.
But bitcoins can be accessed in most parts of the world .(As compared to PayPal)
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I would like to get information about it . What is it ?
Escrow agents are the mediator of transactions between two people or parties etc. At a very elementary level. Consider an example - You run a company and you have to pay to 100 of your employees . It would be better if you work more for the development of your company, Rather than preparing 100 cheques or cash or BTC worth that much to be given. Also there is always a scope of mistake. So escrow agents are the people hired to do this work. And a payment given by escrow agent is called escrow payment. |
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Bitcoins have risen form 1BTC = less than 1 $ ( at the start)
And now to almost 1 bitcoin = 1200$ approximately.
Seeing this huge rise in bitcoins worth,
More and more people have been attracted to it,
As a result the number of users using the same thing has increased.
It may result into the transactions occurring a bit slow .
But these transactions still most of the times happen .
They might take upto even 1 day time but they are usually confirmed.
I use bitcoin in various places like steam etc , but it has never happened that the transactions have failed .
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I advise to keep your bitcoins with you,
If you don't really need them now.
Bitcoins are themselves the best form of investment.
Their worth has increased drastically with time .
I consider bitcoin to be better than share market etc.
The first bitcoin ever to exist was not even worth 1$.
And now in just 8 years it has crossed 1000$ mark.
So I insist you to keep them with you and use them when you require.
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It seems that you have interest in bitcoins.
But don't let this interest turn to madness.
Selling bitcoins on stalls is not at all a good idea.
Firstly bitcoin is a currency so you should not sell it .
You should distribute it.
Bitcoin is not a physical currency ( it's not a coin)
Unlike physical currencies it is not so easy to distribute to a huge number of people.
Some of my transactions have taken even 10 hours to complete.
Also the government of your country might not allow you to do so!
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Hi, (Not sure if post in the right forum. I apologize if I don't.) I’m thinking of buying a few bitcoins, say for 50 or 100 euro. For no real reason, just to see what it is, how it works and be part of this thing. And if I like it, see what's next. I read all kinds of articles in the web about bitcoins and I think I understand the basics. So I’m about to create a wallet. I've seen quite a few people getting ripped off and bitcoin sites seem to close suddenly leaving their users uncovered. Which creates a rather unstable environment for this new currency. I’d feel safer if I have my bitcoins locally, on my computer (with backup, I suppose). So, my idea is to have a local desktop wallet (like Armory or Bitcoin Core) and one online (preferably one that’s been up for quite a long time) in order to buy and sell, eventually, or even pay for something. My questions: a) Is this a common practice? Having one wallet online and another one locally? b) Is it easy to transfer money from the online wallet to the local one and vice versa? And does it cost? c) What solution would you suggest for me? And which wallets? I hope my questions are not too naïve or tiresome. Thanks  You being worried is quite normal. If it's a small amount at the start to invest on bitcoin, Then just go for it, Try it once - if you like it then continue doing more. A) Yes it is a very common practice to have one wallet online and one local wallet. Your money will be safe don't worry. B) Yes it is very easy to transfer online money to local wallet. Thereay be some fees but it will be obsolete. C) I think that what you are doing is right. First invest a small amount on it and then go for big ones if you like it. You should create an account on blockchain |
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Bitcoins would never die.
Given their growth rate it seems like prize have started accepting them,
So how can you think that they can die.
Has you said this on 2009 or 2010,
It still might have sounded a bit logical but now ,
I don't think there is a use of arguing on such a lame topic.
Bitcoins can only die,
If the human race ends ,
And until there is some better source of trading created that Bitcoin.
I don't think that there is a possibility of such things to happen in the near future.
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