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Author Topic: Should I believe in Bitcoin ?  (Read 218658 times)
TheUltraElite
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February 11, 2017, 08:50:42 AM
 #2461

Yes I should believe in bitcoin because its a sustainable source of income which can be converted to fiat money currency.

Easy for the people who live in countries where easy conversion is possible. Not in my case where bitcoin is not much popular let alone people use it much.

Sustainable source of income? What type of income is bitcoin? As an investment or a source of salary?

Quote
It has more advantages rather than other currency nowadays and transaction online is very fast and hassle free.

Agreed and that is why bitcoin is used by many and is accepted by many. Transaction speeds I wont complain much but still credit card payments and physical cash money is much more faster. Grin

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Ferris419
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February 11, 2017, 10:23:27 AM
 #2462

for now of course I believe bitcoin as an investment that could give new hope at a time when the world economy moves stagnant. bitcoin is advantageous because it is used by many people.

Exactly, that's why I keep on believing bitcoin because as of now it is making good trend in the market. Even the price is not stable but it keeps on increasing again and again whether there are dumps that are happening. So for me, if we are going to believe bitcoin there's no regret on it because it can make us financially good.
it can only make financially strong those people who believe bitcoin as long term investment. some people believe on bitcoin but not as a long term investment. they just earn bitcoin and sell it. that may only give them some benefit but not make them financially strong.

Though they are earning for short term but if they are going to keep on doing. It will benefit them and that's why we keep on believing to bitcoin continuously. And if we are not going to believing or stop bitcoin as early as today, we are going to feel sorry about it because we didn't believe on it in the first place while seeing the price to increase.
The trust we people have on bitcoin even after several ups and downs in price as well collapse because of developers getting out and working for other firms is the driving force that keeps on bitcoin in the growing side. So believe and grow along with the growth of bitcoin this is how I believe in bitcoin.

We have the same belief with bitcoin even there are times of falling we are becoming stronger because of it upon seeing its price to keep on fluctuating and getting back to the higher stage, that makes us more to believe in bitcoin. And it didn't upset us in the end because it keep on moving on its higher state, that's why it is worth to believe.

People who are using bitcoins since long time are well aware about the price fluctuations involved in it so even if price drops they are pretty confident that price will rise again in future, the days are gone when people used to get panic and sell their coins when price falls, instead now people are preferring to hold their coins for a long term.

                                                                               
                
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February 11, 2017, 12:49:48 PM
 #2463

Yes I should believe in bitcoin because its a sustainable source of income which can be converted to fiat money currency.

Easy for the people who live in countries where easy conversion is possible. Not in my case where bitcoin is not much popular let alone people use it much.

Sustainable source of income? What type of income is bitcoin? As an investment or a source of salary?

Quote
It has more advantages rather than other currency nowadays and transaction online is very fast and hassle free.

Agreed and that is why bitcoin is used by many and is accepted by many. Transaction speeds I wont complain much but still credit card payments and physical cash money is much more faster. Grin

In my point of view, bitcoin income means do something that can give us additional money through bitcoin. Many ways to getting bitcoin one of it is signature campaign. His statement is not wrong i think, bitcoin can add our income besides our primer salary.

Actually the transactions of bitcoin is only need 2 or 3 seconds to send, but as we know the confirmation take few minutes. So we can not compare with credit card because , both of them have different systems and not in same class.

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February 11, 2017, 02:02:09 PM
 #2464

Yes I should believe in bitcoin because its a sustainable source of income which can be converted to fiat money currency. It has more advantages rather than other currency nowadays and transaction online is very fast and hassle free.

Exactly!! And hopefully many would have the same though about bitcoin so this currency would continue to grow. It would be a shame to have btc up for a couple of years only so i think we users also have to do our part in speading to others the uses and benefits of btc.

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February 11, 2017, 11:10:46 PM
 #2465

for now of course I believe bitcoin as an investment that could give new hope at a time when the world economy moves stagnant. bitcoin is advantageous because it is used by many people.

Exactly, that's why I keep on believing bitcoin because as of now it is making good trend in the market. Even the price is not stable but it keeps on increasing again and again whether there are dumps that are happening. So for me, if we are going to believe bitcoin there's no regret on it because it can make us financially good.
it can only make financially strong those people who believe bitcoin as long term investment. some people believe on bitcoin but not as a long term investment. they just earn bitcoin and sell it. that may only give them some benefit but not make them financially strong.
yes and specially in present time when the price of bitcoin is trading above 1000 USD level i think currently long term investment is the best option.
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February 12, 2017, 04:25:28 AM
 #2466

During the still lucrative, of course the bitcoin still worth and believed. but I'm sure, this will not take place continuously in a long period of time, and the least I like is the price of the bitcoin often make surprised. the week can go up and down up to 25%.
TheUltraElite
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February 12, 2017, 09:19:40 AM
 #2467

During the still lucrative, of course the bitcoin still worth and believed. but I'm sure, this will not take place continuously in a long period of time, and the least I like is the price of the bitcoin often make surprised. the week can go up and down up to 25%.

I agree the price is the lucrative factor and that is why people believe in bitcoin and wish to trade in it. This week we saw some good dip and then rise in price as well. People have been selling and buying so much these days.

This shows that people do believe in bitcoin and are willing to invest money in trading in bitcoin. All the more for the economy as well. More users means even more increase in prices and more profits for the traders.

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February 12, 2017, 09:32:48 AM
 #2468

During the still lucrative, of course the bitcoin still worth and believed. but I'm sure, this will not take place continuously in a long period of time, and the least I like is the price of the bitcoin often make surprised. the week can go up and down up to 25%.
because bitcoin prices go up and down very quickly, and may go down to more than 20 percent in one day. therefore you must believe the bitcoin so you do not panic when it happens

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February 12, 2017, 03:28:41 PM
 #2469

for now of course I believe bitcoin as an investment that could give new hope at a time when the world economy moves stagnant. bitcoin is advantageous because it is used by many people.

Exactly, that's why I keep on believing bitcoin because as of now it is making good trend in the market. Even the price is not stable but it keeps on increasing again and again whether there are dumps that are happening. So for me, if we are going to believe bitcoin there's no regret on it because it can make us financially good.
it can only make financially strong those people who believe bitcoin as long term investment. some people believe on bitcoin but not as a long term investment. they just earn bitcoin and sell it. that may only give them some benefit but not make them financially strong.

Though they are earning for short term but if they are going to keep on doing. It will benefit them and that's why we keep on believing to bitcoin continuously. And if we are not going to believing or stop bitcoin as early as today, we are going to feel sorry about it because we didn't believe on it in the first place while seeing the price to increase.
The trust we people have on bitcoin even after several ups and downs in price as well collapse because of developers getting out and working for other firms is the driving force that keeps on bitcoin in the growing side. So believe and grow along with the growth of bitcoin this is how I believe in bitcoin.

We have the same belief with bitcoin even there are times of falling we are becoming stronger because of it upon seeing its price to keep on fluctuating and getting back to the higher stage, that makes us more to believe in bitcoin. And it didn't upset us in the end because it keep on moving on its higher state, that's why it is worth to believe.

People who are using bitcoins since long time are well aware about the price fluctuations involved in it so even if price drops they are pretty confident that price will rise again in future, the days are gone when people used to get panic and sell their coins when price falls, instead now people are preferring to hold their coins for a long term.

Those people who believed bitcoin for awhile are the ones who are doing panic selling. Maybe they are believing bitcoin but still the feeling of getting panic upon seeing the price to keep on falling is alarming to them, I think that they are still lack of experience in bitcoin so that's just a normal thing.

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February 12, 2017, 04:00:03 PM
 #2470

for now of course I believe bitcoin as an investment that could give new hope at a time when the world economy moves stagnant. bitcoin is advantageous because it is used by many people.

Exactly, that's why I keep on believing bitcoin because as of now it is making good trend in the market. Even the price is not stable but it keeps on increasing again and again whether there are dumps that are happening. So for me, if we are going to believe bitcoin there's no regret on it because it can make us financially good.
it can only make financially strong those people who believe bitcoin as long term investment. some people believe on bitcoin but not as a long term investment. they just earn bitcoin and sell it. that may only give them some benefit but not make them financially strong.

Though they are earning for short term but if they are going to keep on doing. It will benefit them and that's why we keep on believing to bitcoin continuously. And if we are not going to believing or stop bitcoin as early as today, we are going to feel sorry about it because we didn't believe on it in the first place while seeing the price to increase.
The trust we people have on bitcoin even after several ups and downs in price as well collapse because of developers getting out and working for other firms is the driving force that keeps on bitcoin in the growing side. So believe and grow along with the growth of bitcoin this is how I believe in bitcoin.

We have the same belief with bitcoin even there are times of falling we are becoming stronger because of it upon seeing its price to keep on fluctuating and getting back to the higher stage, that makes us more to believe in bitcoin. And it didn't upset us in the end because it keep on moving on its higher state, that's why it is worth to believe.

People who are using bitcoins since long time are well aware about the price fluctuations involved in it so even if price drops they are pretty confident that price will rise again in future, the days are gone when people used to get panic and sell their coins when price falls, instead now people are preferring to hold their coins for a long term.

Those people who believed bitcoin for awhile are the ones who are doing panic selling. Maybe they are believing bitcoin but still the feeling of getting panic upon seeing the price to keep on falling is alarming to them, I think that they are still lack of experience in bitcoin so that's just a normal thing.
i think everyone is believing bitcoin. those people who come in panic selling such people have no trading and investment experience. in fact they afraid that they will lose all the money they have if the price fell down but now people trend is changing and now they are not effecting by panic selling, and that is the reason that bitcoin get a good support after a slight downfall. we have some good example in previous days when the price of bitcoin start decreasing but it got support at 940 USD and now again it is trading above 1000 USD level.
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February 13, 2017, 08:52:38 PM
 #2471

Those people who believed bitcoin for awhile are the ones who are doing panic selling. Maybe they are believing bitcoin but still the feeling of getting panic upon seeing the price to keep on falling is alarming to them, I think that they are still lack of experience in bitcoin so that's just a normal thing.
i think everyone is believing bitcoin. those people who come in panic selling such people have no trading and investment experience. in fact they afraid that they will lose all the money they have if the price fell down but now people trend is changing and now they are not effecting by panic selling, and that is the reason that bitcoin get a good support after a slight downfall. we have some good example in previous days when the price of bitcoin start decreasing but it got support at 940 USD and now again it is trading above 1000 USD level.

Not everyone because we are still few who believes in bitcoin. And when it comes to panic selling there are people who are still doing it especially those people that are new to bitcoin and there are some too that are in the middle level of having a lot of bitcoins. But for those whales they are just doing some other contribution with the price too.

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February 14, 2017, 07:59:15 AM
 #2472

Those people who believed bitcoin for awhile are the ones who are doing panic selling. Maybe they are believing bitcoin but still the feeling of getting panic upon seeing the price to keep on falling is alarming to them, I think that they are still lack of experience in bitcoin so that's just a normal thing.
i think everyone is believing bitcoin. those people who come in panic selling such people have no trading and investment experience. in fact they afraid that they will lose all the money they have if the price fell down but now people trend is changing and now they are not effecting by panic selling, and that is the reason that bitcoin get a good support after a slight downfall. we have some good example in previous days when the price of bitcoin start decreasing but it got support at 940 USD and now again it is trading above 1000 USD level.

Not everyone because we are still few who believes in bitcoin. And when it comes to panic selling there are people who are still doing it especially those people that are new to bitcoin and there are some too that are in the middle level of having a lot of bitcoins. But for those whales they are just doing some other contribution with the price too.
I guess it's a different thing, people who trust bitcoin does not need to trade. The mere fact that you use bitcoin will already prove that you trust the payment system. While this people who are trying to invest but do panic selling when they see the price is dumping, I can tell they need to be educated more as their lack of education is the cause of lack of trust.

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February 14, 2017, 11:07:28 AM
 #2473

For now I still believe that bitcoin will continue to shine. presence of bitcoin has many changing the way transactions and investments, I divert some investment and savings into bitcoin because highly profitable.
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February 14, 2017, 11:49:51 AM
 #2474

For now I still believe that bitcoin will continue to shine. presence of bitcoin has many changing the way transactions and investments, I divert some investment and savings into bitcoin because highly profitable.
It's a good decision, we cannot deny the fact that the value is increasing overtime, therefore we have to be smart enough and take this right timing to invest. Doesn't matter if we do not have more money to invest, we can start with small capital and with continues saving of bitcoin, we can accumulate our desired amount.


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artows21
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February 14, 2017, 04:30:25 PM
 #2475

Yes you should believe in bit coins because it's a way to make esay money, I think.
Digital_Lord
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February 14, 2017, 08:15:51 PM
 #2476

Yes you should believe in bit coins because it's a way to make esay money, I think.
you may only think. but I am 100% sure about this. because I've did this experience myself. bitcoin really gives the features to earn money so easily.
I've been in the internet since a long time and have been finding a good job and way to make money but I only earned few dollars. but with bitcoin I am able to earn 10$ average a daily easily with trading and services.

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Erza
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February 15, 2017, 03:03:54 AM
 #2477

for now of course I believe bitcoin as an investment that could give new hope at a time when the world economy moves stagnant. bitcoin is advantageous because it is used by many people.

Exactly, that's why I keep on believing bitcoin because as of now it is making good trend in the market. Even the price is not stable but it keeps on increasing again and again whether there are dumps that are happening. So for me, if we are going to believe bitcoin there's no regret on it because it can make us financially good.
it can only make financially strong those people who believe bitcoin as long term investment. some people believe on bitcoin but not as a long term investment. they just earn bitcoin and sell it. that may only give them some benefit but not make them financially strong.
yes and specially in present time when the price of bitcoin is trading above 1000 USD level i think currently long term investment is the best option.

It is not a guarantee that bitcoin will be the best option in the future though. Since its price is really volaitile, so it might have chance tobecome lower in the future and we never know when it will rise again. Of course for now it is really good just to hold some bitcoin but for buying with recent price it is not recommended
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February 15, 2017, 12:38:23 PM
 #2478

If your strategy is focus into daily trading you will always try to get the lowest value at bitcoin, because soon or later bitcoin will stand above 1000 dollars and you will regret not had invested at those value, the same way it happened in the 2015 when price were 250-300 dollars and me and for sure some others people thinked it were expensive and didnt invested, now i realised i lost a good opportunity to make some extra money, even if i would had hold till the current value i could had made easy roi.


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HanSchultz
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February 15, 2017, 06:54:07 PM
 #2479

If your strategy is focus into daily trading you will always try to get the lowest value at bitcoin, because soon or later bitcoin will stand above 1000 dollars and you will regret not had invested at those value, the same way it happened in the 2015 when price were 250-300 dollars and me and for sure some others people thinked it were expensive and didnt invested, now i realised i lost a good opportunity to make some extra money, even if i would had hold till the current value i could had made easy roi.
Investing when the price is around a couple of hundred dollars and investing when the price is around $1000 is a very big difference,the amount of loss you could make if at all the price slides down will impact you really bad and so is the reason anyone would think twice when investing at this price.

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February 15, 2017, 07:06:46 PM
 #2480

Those people who believed bitcoin for awhile are the ones who are doing panic selling. Maybe they are believing bitcoin but still the feeling of getting panic upon seeing the price to keep on falling is alarming to them, I think that they are still lack of experience in bitcoin so that's just a normal thing.
i think everyone is believing bitcoin. those people who come in panic selling such people have no trading and investment experience. in fact they afraid that they will lose all the money they have if the price fell down but now people trend is changing and now they are not effecting by panic selling, and that is the reason that bitcoin get a good support after a slight downfall. we have some good example in previous days when the price of bitcoin start decreasing but it got support at 940 USD and now again it is trading above 1000 USD level.

Not everyone because we are still few who believes in bitcoin. And when it comes to panic selling there are people who are still doing it especially those people that are new to bitcoin and there are some too that are in the middle level of having a lot of bitcoins. But for those whales they are just doing some other contribution with the price too.
You can’t blame people who are new to the bitcoin world are at least not sure when to sell or buy bitcoin.

Because they don’t know how the price is influenced, not exactly, and it is the people who have been using bitcoin and have a good knowledge and as you said the big whales who influence the price to share their experience with the community, but they are always selfish.

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