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I never feel regret about it cause I always believe in Bitcoin. I've heard about Bitcoin since 2011 but the first time I use my money to buy Bitcoin is the early of this year when the Bitcoin price just about 600$ - 800$. I just keep my Bitcoin till now of course I earn some more from campaigns and tasks in this forum. And right now I've earn about 10k$ with Bitcoin by investing 1600$ to buy Bitcoin at the time Bitcoin price about 600 - 800$
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Of course Bitcoin is not gambling. Gambling is just a risky way to earn Bitcoin. Don't know people have thinking like that about Bitcoin. Maybe they just heard about Bitcoin 1 or 2 times before and they don't really know what Bitcoin is. Beside they only know some risky ways to earn money with Bitcoin such as invest in HYIP system, betting, dice,... I think it's the main reason for this case. I've met some people like that but I have explained for them about Bitcoin and they've changed their mind  ) |
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This is what happening in my country nowaday ). There are a lot of people whom earn about 10k$ - 20k$ per month with Bitcoin but they don't have to pay any pennies for tax for government because Bitcoin is not legalized in my country so it's not considered as good or money so they don't have to pay tax for income from it. But the government in my country realized the profit of Bitcoin so they are trying to legalize Bitcoin in next 2 years |
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If you don't want to pay about 89 Euro for a coldstorage wallet but still want to have a good secure wallet with low fee I think you should use Electrum. It's an offline wallet and you can easily export or import the privatekey. Beside you can set up the amount you want to pay for the transaction fee. But if you want to use a web wallet with low transaction fee I think Coinbase is good option for you. This is my suggestion for you but coldstorage is the best secure wallet thay why its price a little bit high.
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Although Ethereum is also a good altcoin with great potential but I think in next 10 years Ethereum can't beat Bitcoin price and stand at the 1st place cause it's a long way to go from 300$ to more than 4000$. In the future when Ethereum can get to 4k$ maybe Bitcoin has increased to 10k$ so it's really hard to beat the 1st place of Bitcoin but maybe everything will be different when the total amount of Bitcoin all over the world mined out.
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Hmmm, as I know miners are having a lot of troubles nowaday because of the diff is too high and the electric cost, the amount of money you have to invest to start mining is really big and at the diff level right now it may take about more than 1 year to take your investing money back so it's a little bit long so I think you better join trading but don't be hurry, try to research a lot before you join and don't hold any coins too long except Bitcoin. Beside joining campaign in this forum is ok although it's not a quick way to earn Bitcoin but you don't have to spend too much time as faucet.
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Try to find it yourself cause noboday want to be blame when they give you a suggestion then the price of the coin they gave you dump. It's not too difficult to learn how to trade so try to search on google for other people experience. If you have any problem you can ask and I think there are a lot of people willing to help you but not give you a coin ). Try to find it out yourself dude. If you need some analysis I can give you a free tool produced by my friend. It's a trading volume analysis but only for Bittrex: http://pumpcoin.top/ |
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There are only few legit cloud mining websites and all other sites are scam but with Legit mining site it'll take too long to take your money back. For example with Eobot cloud mining you need to wait at least 2 years to take your investing money back. I think you shouldn't waste your money in cloud mining, it's better to mine yourself or if you don't have much money I think you should try trading |
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From the start, I know that China will never ban Bitcoin, they just ban ICO and some other altcoins cause they're scam. As everyone know, almost biggest Bitcoin mining factories all over the world are located in China so let see how much money the China government get every month from tax of these factories? I think it's really huge so nobody willing to lose this huge profit that why Bitcoin will never be banned in China.
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I think China government will not unban Bitcoin exchange and ICO project in their country but as I know there are some exchanges in China is finding the way to get out of the ban by change their domain from ".cn" to ".com". In my opinion this case can affect to Bitcoin price but not all the time cause China is only a country has big Bitcoin trading volume so they can't make Bitcoin die or dissappear by ban Bitcoin or cryptocurrency exchange in their country.
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They're just telling the truth ) But beside these guys there are some guys like JPMorgan Chase CEO tried to dump the Bitcoin price to buy at lower price just by telling some wrong things about Bitcoin and made people afraid about it. For me, I don't waste my time to care about this case much although they said the truth or not I just believe in Bitcoin and I believe that it can easily get to 10k$ soon |
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I'm using Bitcoin to pay for my living, travelling, buy clothes, motor, games.... But in my country if I want to use Bitcoin to purchase or buy anything I still have to exchange it into cash cause it's not legalized in my country but it'll be different in next 2 years when Bitcoin wil be legalized in here.
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I think it depend on the country you're living in cause Bitcoin is not legalized all over the world so in some countries you can't use Bitcoin to pay for anything directly and the only way to use it in these countries is exchange it into cash but in country that Bitcoin is legalized everything is different, you can use Bitcoin direclty to pay for everything like taxi, taxes, bills,.....it's very convinient right ). I'm still waiting to see Bitcoin is legalized all over the world but maybe it's really difficult cause there are some countries banned Bitcoin and if you use Bitcoin in these countries you will have to go to jail for at least 6 months. |
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I think hacker only can hack Bitcoin from wallet with 2FA code send to SMS not for code from Google Authenticator cause it's not easy to hack a wallet with two-authentication beside the code from Google Authenticator change every 30 seconds so I think it's almost possible to hack these wallet. But maybe it can be if the hacker is very professional. I think we should try to keep our phone or computer clean, don't click at anything we don't sure that it safe.
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I think it's no need bank for Bitcoin. With Bank you often use to keep your cash and receive stable interest every month or year but with Bitcoin I think we no need to send it to bank. Our Bitcoin wallet, coinbase, xapo, electrum,....is our own bank and the money we have is increasing everyday when Bitcoin price increase. Beside I feel keep Bitcoin in Bank like invest my Bitcoin into some HYIP system to receive interest everyday or month so I prefer keep it by myself to use Bitcoin Bank.
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I think it's really hard if you're using a two-authentication factor wallet cause if anyone want to send Bitcoin from your wallet they need to know the code sent to your phone number or code from Google authenticator so it's really hard to hack your Bitcoin. But with some wallets if someone know your privatekey they can stole all your Bitcoin although it's two-authentication wallet. Beside I think the most secure Bitcoin wallet is coldstorage wallet but it's really expensive and if you're not carefully you can lose it  |
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If you want to start trading I think at first you need to research about the coin market to find out the best one the buy. Beside don't forget to read the news cause it affect to the coin price a lot so it help you to make decision to buy or sell at the right time.Then you should choose the good exchange to join, for me I'm using poloniex and bittrex cause it's very easy to use. Trading is not safe at all but it's hard to lose all your money in few minutes like gambling so don't worry I think I will give 3 for trading risky. Beside my friend gave me a trade volume analysis tool for Bittrex only so now I only use Bittrex ). If you want to try this one: http://pumpcoin.top/It's totally free. Hope you like it |
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I think it's really hard but if you want to know I think you need to collect all the news about Bitcoin, Bitcoin will be banned or legalized or not in any countries, or announcements from famous people can affect to Bitcoin, JPMorgan Chase for example. I think the up coming hard fork will affect a lot to Bitcoin price but I don't know it'll increase or decrease but I hope that it'll be the same with the hard fork on 1st August which made Bitcoin increased from over 2k$ to over 4k$ in just few days ) |
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I think it can be in the future. For me, I'm still using Bitcoin to pay for everything such as my son tuition, my living,....but not directly, I still have to exchange Bitcoin into cash to pay or purchase everything because Bitcoin is not legalized in my country but luckily that it's not banned so I still can use it. But as I know there is a school that accept Bitcoin for tuition but I can't remember its name. IMO in the near future Bitcoin will be accepted all around the world so we can use Bitcoin to pay for everything directly.
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