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Author Topic: Is Bitcoin trusted to put your real money  (Read 48109 times)
traderbit
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April 04, 2016, 10:44:19 PM
 #661

I heard people buying bitcoin using real money..
Is it really good since we all know that everything on internet can be hack or something....
Is bit[Suspicious link removed]d to make your money grow fast or will you just lose all those money??

Mostly everything on the internet can be hack but most of them are really hard, personally i have put a good amount of money in bitcoin, I trust and expect to get a profit soon(probably after the halving)

Pattart
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April 04, 2016, 11:55:19 PM
 #662

Yes bitcoin is trusted to put your real money or fiat in bitcoin.. this is the best to buy bitcoin because bitcoin is increasing gradually unlike on banks..
Make sure to choose the best wallet because some wallet has a problem like coinbase if you are just earn in gambling they lock your account. use bitcoin instead or use block chain..
I think the issue is not a security wallet or something which makes consideration is the price movement of bitcoin itself. You should calculation it for yourself. whether bitcoin trusted or not?
If the wallet I'm sure it's secure. no matter with it
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April 05, 2016, 12:00:39 AM
 #663

banks, bitcoin highly trusted to save our money. Because I have seen many banks go shutdown after many financial crises reasons. With the bitcoin we can believe our money will be safer always.
i think the bank's insurance will recover all of their customer lost , and this one will not going to happen on government's bank

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April 05, 2016, 02:51:09 AM
 #664

Bitcoin is more safe than bank, have low fee and you have the control of your money.
short or long is good.
Lol I think it's wrong. the bank is much safer than bitcoin. centralization makes them more secure and protected by the company. when you lose money. surely they will be responsible for their mistakes
But with the decentralization, the chances of losing your money is very less unless you are not enough responsible. Because in decentralization no one can run away with ever money nor any bankruptcy declaration.
I believe, compared to any banks, bitcoin highly trusted to save our money. Because I have seen many banks go shutdown after many financial crises reasons. With the bitcoin we can believe our money will be safer always.

Banks or financial services which were run by private sectors often gets shutdown on sudden crisis as mentioned, but government authorised banks doesn't fade off easily, as government has the responsibility for the money invested in it by various users.

yubsep
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April 05, 2016, 02:54:29 AM
 #665

Agree with you...

sure bitcoin is trusted to put your real money. You don't want to face any risks if you are handling your coins in the right way. Invest your coins, or wait for price rise and sell your coins. You cannot see any risks here unless you go for gambling or making bets, that makes it risky.
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April 05, 2016, 05:22:23 AM
 #666

Bitcoin is more safe than bank, have low fee and you have the control of your money.
short or long is good.
Lol I think it's wrong. the bank is much safer than bitcoin. centralization makes them more secure and protected by the company. when you lose money. surely they will be responsible for their mistakes
But with the decentralization, the chances of losing your money is very less unless you are not enough responsible. Because in decentralization no one can run away with ever money nor any bankruptcy declaration.
I believe, compared to any banks, bitcoin highly trusted to save our money. Because I have seen many banks go shutdown after many financial crises reasons. With the bitcoin we can believe our money will be safer always.

Banks or financial services which were run by private sectors often gets shutdown on sudden crisis as mentioned, but government authorised banks doesn't fade off easily, as government has the responsibility for the money invested in it by various users.
yeah whatever you have stated is true. but with bitcoin you can transfer your money to any person in the world without anyone's control,just the internet connection is enough, you don't want to bother about any holidays on which banks are working or not, the control of your money is always with you.

arwin100
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April 05, 2016, 06:02:13 AM
 #667

Bitcoin is more safe than bank, have low fee and you have the control of your money.
short or long is good.
Lol I think it's wrong. the bank is much safer than bitcoin. centralization makes them more secure and protected by the company. when you lose money. surely they will be responsible for their mistakes
But with the decentralization, the chances of losing your money is very less unless you are not enough responsible. Because in decentralization no one can run away with ever money nor any bankruptcy declaration.
I believe, compared to any banks, bitcoin highly trusted to save our money. Because I have seen many banks go shutdown after many financial crises reasons. With the bitcoin we can believe our money will be safer always.

Banks or financial services which were run by private sectors often gets shutdown on sudden crisis as mentioned, but government authorised banks doesn't fade off easily, as government has the responsibility for the money invested in it by various users.
yeah whatever you have stated is true. but with bitcoin you can transfer your money to any person in the world without anyone's control,just the internet connection is enough, you don't want to bother about any holidays on which banks are working or not, the control of your money is always with you.

In some point bitcoin is more ideal for transaction fast to be done and it has less fee because at some point right no one controlling it but u cant compare it to banks. I think bank is more safer because no one can stole it but if they do shutdown well they have insurance so they surely pays the depositors. But in bitcoin yes its very safe to put your money and invest in bitcoin in fact you can get profit with it if u let it grow in your wallet account its like planting a tree. The disadvantage with it is their are possible that it can be hack by hackers.

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April 05, 2016, 07:17:19 AM
 #668

bitcoin is really volatile.. so i would say : invest in bitcoin not more than you can lost ...  Wink

You are actually right.. price is so volatile... if you are into investing or just buying bitcoin, you should always think twice as the price moves from time to time.. But if you are into trading, or you have other purpose for your coins and you have a plan, it will be a good investment...


Investing in bitcoin is good when you are in trading,if you just watch the price closely you can gain profit more every time there is a price change.
But I do not like trading with bitcoin. Because I believe trading bitcoin must require lot of knowledge and experience to gain profit unless you are doing it for long time passively. Bitcoin itself without any active trading, will give profits by price appreciation if we trust bitcoin and put our money.
In my perspective also, there is no need of trading bitcoin to gain some profit from it. If you are a professional trader then you can go for it otherwise you can trade bitcoin for years to gain huge profits. Only the requirement is you need to trust bitcoin to put your money with it.
NewInCryptoCurrency
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April 05, 2016, 07:58:54 AM
 #669

I heard people buying bitcoin using real money..
Is it really good since we all know that everything on internet can be hack or something....
Is bit[Suspicious link removed]d to make your money grow fast or will you just lose all those money??

Mostly everything on the internet can be hack but most of them are really hard, personally i have put a good amount of money in bitcoin, I trust and expect to get a profit soon(probably after the halving)
Bitcoin is real money, you can see later in the future that Bitcoin will be the most used payment method and that there will be a lot of people that is using Bitcoin, and that can be good.
But the bad thing is if you make an investment that you are making some profit, because that is not for sure if you are making some profit with Bitcoin.
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April 05, 2016, 12:11:44 PM
 #670

Yes bitcoin is trusted to put your real money or fiat in bitcoin.. this is the best to buy bitcoin because bitcoin is increasing gradually unlike on banks..
Make sure to choose the best wallet because some wallet has a problem like coinbase if you are just earn in gambling they lock your account. use bitcoin instead or use block chain..

Yeah if you are a gambler you should put some of your coins in different places. Try also to use different wallet sites and stop using the main account when doing withdrawals.
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April 05, 2016, 12:47:51 PM
 #671

Yes Bitcoin is trusted enough to put my money , and in fact i think it's already real money like fiat and other currencies. We can use bitcoins to make our deals and trades so it's for sure trusted
stromma44
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April 05, 2016, 12:52:02 PM
 #672

Yes Bitcoin is trusted enough to put my money , and in fact i think it's already real money like fiat and other currencies. We can use bitcoins to make our deals and trades so it's for sure trusted

Yeah and we are also investing our fiat to buy bitcoins, so it is trusted for sure, and I think bitcoin is the safest currency in compare to fiat as no one can steal it very easily.
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April 05, 2016, 01:43:05 PM
 #673

Bitcoin is real money
That is the real answer which everyone have to understand, they should have to accept that bitcoin is money, real money, it is actually another currency just like all other currency and is used for the virtual use for international transactions.

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April 05, 2016, 01:46:51 PM
 #674

Bitcoin is real money
That is the real answer which everyone have to understand, they should have to accept that bitcoin is money, real money, it is actually another currency just like all other currency and is used for the virtual use for international transactions.

Exactly bitcoin is a real money as we are able to buy anything that we want, sometimes we need to convert it to fiat first, but that's not an big issue I guess as it is helping us in buying almost everything.
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April 05, 2016, 02:54:14 PM
 #675

Bitcoin is of course real money and it is very worthful, but you have to know that you also can lose some money with Bitcoin but that happens not often because you can hold it.
If you are making an investment in Bitcoin you are hoping that you can make some profit with it.
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April 05, 2016, 03:13:32 PM
 #676

I heard people buying bitcoin using real money..
Is it really good since we all know that everything on internet can be hack or something....
Is bit[Suspicious link removed]d to make your money grow fast or will you just lose all those money??

Mostly everything on the internet can be hack but most of them are really hard, personally i have put a good amount of money in bitcoin, I trust and expect to get a profit soon(probably after the halving)
Yeah but their always is a chance that you can get hacked, but this is every ware in the internet. If it is a decent hacker and he wants your information you can't do nothing about it.
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April 05, 2016, 03:15:33 PM
 #677

Yes for me the bitcoin is trusted to put my money and invest in buying bitcoins every time when i can afford it
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April 05, 2016, 04:59:25 PM
 #678

bitcoin is really volatile.. so i would say : invest in bitcoin not more than you can lost ...  Wink

You are actually right.. price is so volatile... if you are into investing or just buying bitcoin, you should always think twice as the price moves from time to time.. But if you are into trading, or you have other purpose for your coins and you have a plan, it will be a good investment...


Investing in bitcoin is good when you are in trading,if you just watch the price closely you can gain profit more every time there is a price change.
But I do not like trading with bitcoin. Because I believe trading bitcoin must require lot of knowledge and experience to gain profit unless you are doing it for long time passively. Bitcoin itself without any active trading, will give profits by price appreciation if we trust bitcoin and put our money.
You have to learn about trading with bitcoin, once you learn about trading bitcoin you will love it and trading with bitcoin is not a passive bitcoin, but it is a more active trade among any of other trade.

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April 05, 2016, 08:08:04 PM
 #679

Sure it's trusted and a lot of people will support me on it. Bitcoin is pseudo stable currency and i hope it will become a real currency and will be equal to fiat.

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April 05, 2016, 08:25:09 PM
 #680

Yes Bitcoin is trusted enough to put my money , and in fact i think it's already real money like fiat and other currencies. We can use bitcoins to make our deals and trades so it's for sure trusted

Yeah and we are also investing our fiat to buy bitcoins, so it is trusted for sure, and I think bitcoin is the safest currency in compare to fiat as no one can steal it very easily.

Yeah, it is more safe when a physical store adopt it then he can secure his money by collecting them to bitcoin wallet, and one of the benefit of bitcoin for them is that, they will be their own bank.
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