Hey Folks, I know this was posted all the time, and sorry about that. But I'd like to hear from you what would you invest in if you had 50 dollars in your pocket ready to put into some crypto?
If you don't mind risking your money and can wait for months to generate profit then you must invest it in a coin that has a long term plan in its project. If you do need to increase your investment in just a short period of time, go trading and buy existing coins that fluctuates in price quickly. Buy some of those coin and sell it when the price rose up. |
|
|
|
Base from my recent post "Does bitcoin could be call a job?" I have read your opinions regarding to that. Doing these things is a form of earning money basically we have income. So does it need to be taxed? Because this is also a source of income, and we might call it as a job?
Depends upon where are you living. If you do think that applying tax in cryptocurrency would make a significant change in the government and in the country then nothing's wrong with that, but when a country is corrupted and most of the officials tends to apply tax to those poor people that doesn't have the capability to do so then it would be such a waste. Instead the thing we should do is somehow give somethings to charities to be sure that what we have given is served. |
|
|
|
From a "lets make the world a better place perspective" should we support only bitcoin right now or altcoins also?
It should be balanced ! Bitcoin affects the price of other altcoins when it hits an all time high or another all time low. If we will only support only one of it then the other one would fall and might actually have a discrete effect on it. Bitcoin is moving in the law of supply and demand so it we only demands on bitcoin then only 1 will grow and the other might fail. |
|
|
|
you'll still have to do some job to make money. so you are not really quitting job in general!
and depending on that job you do, you may earn a lot more or a lot less. for example trading that you have in mind can be a beast of a thing when you go all in and become more serious about it. you invest a larger amount and then the stress that you will experience every day when there is the smallest swings may make you make mistakes and mistakes on a large investment is costly.
A job is very essential to a person to fulfill his daily needs and to have a money to buy his/her luxury. I would not recommend you to quit your job since it is one methods to provide food for your family. Bitcoin is a form of investment and also a form of currency that we can use to pay services. Only a fool would quit his/her job just to risk all of his time to something that might bring him down. |
|
|
|
So, as many of you are painfully aware, bitcoin crashed around 30% over a couple of days, reportedly due to regulatory pressures in Asia, and a potential ban in China due to energy wastage and tax evasion risks etc. Reports suggest that China contributes as much as 70% of the worldwide hashing power, and yet we only saw a 30% drop. Source: Report: PBoC Quashes Bitcoin Mining Ban Rumor in ChinaFurthermore, we saw 30%+ drops in other cryptos, even unminable, non-decentralized ones. So, conspiracy theorists, why do you think bitcoin really suffers these sporadic crashes, could it be large-scale market manipulation? Or is it simply FUD leading to a wide-spread panic selling? I think bitcoin crashes occasionally due to the economic status of a country. If the economy of a certain country is healthy a lot of new investors would pursue their interest in bitcoin that might affect the demand in the currency that later on cause an increase in its price. On the contrary, when the economy is sick or low, the probability of a certain person to engage towards bitcoin is cut-off. They would rather use the money for their daily needs due to high price in the marketplaces than starve just to invest in it. |
|
|
|
What would you do when you're talking to someone but then he suddenly talks about his hatred on Bitcoin, what would you react to it?
I've never actually experienced anything like this before, I just want to be prepared when it happened to me.
I'd rather keep quiet and let them rant about it. I would let them finish and focus myself in earning more through crypto. I can't change a thing in their hatred towards bitcoin with just arguing with them. Let success prove them wrong. It will make them jealous about your success and they will be the one who'll run towards you and ask for your help to earn. |
|
|
|
The percentage of Segwit transactions has been pretty stable at about 12%, but the block size has increased to 1.14 MB on average, and fees have fallen considerably. Is there something I’m missing?  Transaction fees are percentage in which the total amount involved in the transaction. So if an exchange has a fixed percent of transaction fees, as the price of bitcoin increases the amount of the fees being given also increases, and also same as bitcoin's price decreases. It is safe to say that bitcoin might grow in value and also depreciates, its transaction fee percentage will always be the same. |
|
|
|
Recently Bitcoin got very high fluctuations. It went up 19,000USD(nearly) and dip to 12,500USD. In this situation does BTC stable ?
What are reason for that kind fluctuations ?
How long it will take reach 19,000 USD with this kind of market fluctuations ?
You must first consider that bitcoin depends on the law of supply and demand. Its price rises as the demand for it also increases. Bitcoin will continuously change in price in a day to day basis. As the market continuously grows, the demand might also increases neither decreases. Nobody knows what will happen in bitcoin due to its unstable manner and its fast-rising name in the world. |
|
|
|
Hi everyone, When is a good age to teach kids about crypto? Any suggestions on how to go about it? thanks  I do think we should let them study in school first because most of the children in the present time is quitting schooling due to the availability of money and won't ever think that education is needed. Let them first finish 12th grade and then teach them how bitcoin works. So that in the future, even if bitcoin failed or depreciates they can still get a job because of their educational attainment. |
|
|
|
I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.
If you see bitcoin as a risky thing, bitcoin is somehow a gamble in luck to win or lose. Bitcoin can be used in gambling as a mode of bet or payment, but bitcoin itself is not gambling. For me, bitcoin is a currency that also acts as an investment due to its ability to gain profit. It is quite risky yet worth it for a long run. |
|
|
|
Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?
Some governments in the world relies on the power of the banks that can be seen in the country. Most of the banks also have an impact on the economic power of the government and the country itself. Once bitcoin have overpowered banks in a certain country and less people do engage in the banking system, probably the government would take step to stop the operation of bitcoin in their country just like what happened in china. |
|
|
|
|
Well despite of the age of a person, we can convince and explain it to someone easily by just telling him how do we earn such profits in things that we do in the crypto world. Next, we must explain to them how it works and what circumstances is within the system using soft and understandable words. Lastly we must be oriented first about the multiple risks that is within it and how that risks turns out to be a profit.
|
|
|
|
|
Don't be mad about your parents. Maybe they are only saying those things because they don't have enough knowledge about bitcoin and they are afraid for you to be scammed. And you don't need to convince others, all you need to do is work hard and let success convince them that what you are doing is bringing you towards your dreams.
|
|
|
|
|
It is indeed risky. Bitcoin , to tell you the truth, is indeed very risky for an investor but those high risks generates a much larger profit for someone who did believed in it. But don't invest all of your money towards bitcoin, leave some for your personal expenses and for emergency purposed money. It is good to invest now but still take a good care of yourself, success is nothing if you are indeed sick.
|
|
|
|
everything was possible but that ticket to mars dude HAHAHAHAHA
well i just want a gaming pc a car and a scooter and a girlfriend will do
You can't buy a girlfriend mate ! For me i want to buy a business and start on my own. Other than my profit from my assets here in the cryptoworld i would still love to have a business that can grow and suitable for my daily needs. And i also want to buy a house and lot for my future family. |
|
|
|
National Bank of Israel officially announced that the Bitcoin is not currency but asset. I think that most countries will follow the example. what do you think?
Well it will always depend on a persons perception and knowledge about bitcoin. For me, bitcoin is a special type of investment where i could expect a definite return in my initial investment combined with a big amount of profit. Some people thinks that bitcoin will only be served as a mode of payment for online services but somehow it is still an asset that generates profit for us. |
|
|
|
You know what it is too funny once you heard some people they say that bitcoin is just a trash. The garbage that they called is the asset of other people and become successful indeed.
Bitcoin is not a trash but a blessing which help all of us to become financially stable.
Well i think if it wasn't of bitcoin crypto world might still be unknown. Many people or should i say investors are being hooked up into bitcoins success and perhaps that transaction fee went high due to a massive increase in bitcoins price that time. If we knew that the transaction fee is that high, maybe we should just make our money worth it first before we get it. |
|
|
|
|
For me, It is a very bad idea due to rapid change in bitcoins price every hour it makes me feel regretful spending this amount of bitcoin for a food that will soon grow into a much higher value. It will also make a seasonal time for someone to eat in KFC, because most of them will try to eat there whenever the bitcoins price drops.
|
|
|
|
We don't really need BTC. I hate when I see people trying to convince others to sell everything they have to buy BTC, it's disgusting. Bitcoin is a lottery, you shouldn't use the money you need to pay your bills and buy food to bet in the lottery right? Bitcoin is kinda the same thing. People should invest money that in case they lost it wouldn't be a big deal you know? It's a long-term investment, however, it's a bet. You can win a lot or you can lose a lot too. Are you brave enough to deal with this risk?
Bitcoin is a form of long term investment where you can profit for a long period of time. Base on yearly observations of bitcoin buyers, they have seen that bitcoin continues to grow it's price yearly and has a potential to reach 20K$ within the year. We don't have to remove our needs just for us to be able o invest in bitcoin. Money being invested in bitcoin should only be excess money. |
|
|
|
|
Well this question is often asked by many. As you can see gold's price only appreciates as time or should we say years passes by. It only increases in value and can be held by a person for a long period of time. Unlike cryptocurrency, prices or values of each coin changes multiple times only within a day period. It will generate profit yet can also generate losses quickly .
|
|
|
|
|
Show Posts
