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Author Topic: What are you doing with Bitcoin?  (Read 12772 times)
fkvidar
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October 06, 2016, 10:15:18 AM
 #261

Are you investing your money on Bitcoin?
Do you use Bitcoin to buy things in internet?
You earn money with Bitcoin?
I am using Bitcoin as an investment because I can make some extra money with it so what I do is buy Bitcoin when the value if not high and sell when it is high.
That is how you can make some extra money bit by bit.

But it will take long time to make profits in that way, as price is not going up and down at a moment so if you buy now then you need to hold them for longer period to make profits from it.
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October 06, 2016, 10:20:42 AM
 #262

....Yeah bitcoin is so potentially for make the users get rich. ....

this is the wrong way of thinking that is actually preventing bitcoin price to go up and also it is slowing down the process of adoption by merchants and usage as currency.

it is because everybody who thinks this way are only interested in bitcoin for holding and then dumping it all as soon as price went up and get out.
This is correct.Bitcoin is a currency and should be used as such.Partly saved and mostly spend.One must keep spending bitcoin wherever one can instead of fiat and keep at least %20 as saving
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October 06, 2016, 10:23:31 AM
 #263

I'm using my bitcoins for all things, like buying and selling things on bitcoins. I also using my bitcoins for trading and gambling because i'm a gambler and a trader.
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October 06, 2016, 10:25:02 AM
 #264

Spending, hoarding/accumulating, earning, throwing it away on the occasional alt. I'm in the UK and the options for spending it are very limited compared to places like the US. I'd be spending more if I had the opportunities.

Hey man!

Im in UK and cant find a place to buy bitcoins at. You know any good places except for bitcoin ATM`s?

best regards,

SmoothZebra
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October 06, 2016, 10:25:21 AM
 #265

....Yeah bitcoin is so potentially for make the users get rich. ....

this is the wrong way of thinking that is actually preventing bitcoin price to go up and also it is slowing down the process of adoption by merchants and usage as currency.

it is because everybody who thinks this way are only interested in bitcoin for holding and then dumping it all as soon as price went up and get out.
This is correct.Bitcoin is a currency and should be used as such.Partly saved and mostly spend.One must keep spending bitcoin wherever one can instead of fiat and keep at least %20 as saving

Yeah to see bitcoin as an stronger currency in future we should use it like any other currency and its circulation is necessary to improve its economy and if nobody will spend then price will never go higher.
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October 06, 2016, 10:27:33 AM
 #266

i am not doing anything with bitcoin i am just gathering bitcoin for next generation. when i will have 1 bitcoin then only i will open my wallet to see the miracle. 1 bitcoin would buy me a camera for shooting professional photographs and that would become my career. hope nat geo will call me for wild photography. waiting for yay adventurous life in jungle, hill, see, ice everywhere.
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October 06, 2016, 10:27:45 AM
 #267

Are you investing your money on Bitcoin?
Do you use Bitcoin to buy things in internet?
You earn money with Bitcoin?
I am using Bitcoin as an investment because I can make some extra money with it so what I do is buy Bitcoin when the value if not high and sell when it is high.
That is how you can make some extra money bit by bit.

But it will take long time to make profits in that way, as price is not going up and down at a moment so if you buy now then you need to hold them for longer period to make profits from it.

in current times where the price is stable, it's indeed not very profitable when you're a day trader. that's why you should stick to day trading at days where there is enough volume and volatility. i do that too. i used to (or at least tried) to day trade on days similar to how the market is today. it's not rewarding at all. that's why i take a break these days to jump into action as soon as the volatility comes back.
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October 06, 2016, 10:33:41 AM
 #268

i am not doing anything with bitcoin i am just gathering bitcoin for next generation. when i will have 1 bitcoin then only i will open my wallet to see the miracle. 1 bitcoin would buy me a camera for shooting professional photographs and that would become my career. hope nat geo will call me for wild photography. waiting for yay adventurous life in jungle, hill, see, ice everywhere.
maybe in the future the price will rise very high bitcoin. we will not know how much the price can be obtained. bitcoin price may be very high and may also bitcoin prices could fall very far.
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October 06, 2016, 10:56:43 AM
 #269

Are you investing your money on Bitcoin?
Yes whenever i can get some fiats in my hand or even i am buying bitcoins for my relatives if they find it intresting.

Quote
Do you use Bitcoin to buy things in internet?
I have used bitcoin several times to buy different hosting, domain, vps as well as recharge for my mobile. After exchanging bitcoin to fiat, i have bought even more items.

Quote
You earn money with Bitcoin?
I earn with bitcoin from crypto trading, specially investing in few ICO and doing quite passive trading not day trading. I like to keep holding for longer term and with big price swing i like to grab some profits.

 
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October 06, 2016, 10:59:32 AM
 #270

i am not doing anything with bitcoin i am just gathering bitcoin for next generation. when i will have 1 bitcoin then only i will open my wallet to see the miracle. 1 bitcoin would buy me a camera for shooting professional photographs and that would become my career. hope nat geo will call me for wild photography. waiting for yay adventurous life in jungle, hill, see, ice everywhere.
maybe in the future the price will rise very high bitcoin. we will not know how much the price can be obtained. bitcoin price may be very high and may also bitcoin prices could fall very far.

Yes anything is possible in future, either price will go higher or lower so the best thing would be to sell them when we see higher price and buy it again when price drops instead of simply holding them for long term.
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October 06, 2016, 11:20:05 AM
 #271

I am doing almost nothing with my bitcoin. Every month when I receive my paycheck I transfer a certain amount of fiat to bitcoin.
They just sit in the wallet growing in value or trying to, sometimes I do trade a little on the side.
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October 06, 2016, 12:08:00 PM
 #272

I am doing almost nothing with my bitcoin. Every month when I receive my paycheck I transfer a certain amount of fiat to bitcoin.
They just sit in the wallet growing in value or trying to, sometimes I do trade a little on the side.
That is great and i think you already have big amount of money in terms of bitcoin you are not spending your bitcoin, but me i am actively spend my bitcoin if i have good enough bitcoin to exchange into fiat.
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October 06, 2016, 12:25:50 PM
 #273

I am doing almost nothing with my bitcoin. Every month when I receive my paycheck I transfer a certain amount of fiat to bitcoin.
They just sit in the wallet growing in value or trying to, sometimes I do trade a little on the side.
That is great and i think you already have big amount of money in terms of bitcoin you are not spending your bitcoin, but me i am actively spend my bitcoin if i have good enough bitcoin to exchange into fiat.
sometimes its much better to forget about your btc so it can grow more, but when you see and convert it into your local currency you will be tempted to use it in your personal needs after converting it into fiat. invest earn and use good cycle of my btc holding.
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October 06, 2016, 12:30:01 PM
 #274

|I like to do allot of things with the bitcoin i know for sure that lots of peopel are interested to invest with the bitcoin but lots are only using it for online payments and other things/.
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October 06, 2016, 12:30:17 PM
 #275

I can say that I invested myself in bitcoin, and bitcoin gambling. I didn`t invest my own money in bitcoins, I started from zero. I bought few little things, but mostly I gamble. I love many games, and I spend money trying to make more while I have fun. That is how I invest, everything else I tried was failure, with gambling I know my odds, and I know they will try to take my money, and that is a clear fight. With other investment options I feel like I`m in dark, promises are big, profit is low.
And finally I earn money with bitcoin, I made good money for one year, I`m satisfied with all that I achieve in year and couple months in bitcoin world.

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October 06, 2016, 01:14:10 PM
 #276

I am earning them and selling them once in a month so that I can have extra fiat in my wallet which can be used for my expenses and by selling I am also contributing to better economy.

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October 06, 2016, 01:28:47 PM
 #277

i am not buying bitcoin but i got bitcoin from faucet, and until now, i make money from trading and i am withdraw some of my bitcoin. for buying product from internet, i think i am buying electricity voucher for my house.

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October 06, 2016, 01:38:33 PM
 #278

i am not buying bitcoin but i got bitcoin from faucet, and until now, i make money from trading and i am withdraw some of my bitcoin. for buying product from internet, i think i am buying electricity voucher for my house.

I think you should stop wasting your time on faucets as you will be earning too low from it and that time you should put in trading from where you can earn higher income.
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October 06, 2016, 06:50:57 PM
 #279

We need to accept the risk levels in order to gain better. Without risk there will not be any fruitful actions in our life.

In my opinion, letting bitcoin sleeping is not that much good idea, as there are many reputed earning opportunity like investing into gambling bankroll as a profit sharing partners are most commonly available to every common man.
Why not just trying with them as it is to be considered when there is no risk for our capital ?
Never say there is no risk. There are always some hidden risk as no business will be guaranteed to run long term especially even for tomorrow. A well known and highly reputed business also may go bankrupted when a technical people or employee goes wrong. Once bitcoin goes out of our hands, anything might happen with that.
You are right. Today's good busines, may not be tomorrow's. But, at the same time not taking the risk might risk your entire life. So, risking some small amount is not always that much bad idea. Experts do call this 'calculated risk'. We can invest some 5% to 10% of total bitcoin saving into some reputed business.
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October 06, 2016, 06:54:38 PM
 #280

We need to accept the risk levels in order to gain better. Without risk there will not be any fruitful actions in our life.

In my opinion, letting bitcoin sleeping is not that much good idea, as there are many reputed earning opportunity like investing into gambling bankroll as a profit sharing partners are most commonly available to every common man.
Why not just trying with them as it is to be considered when there is no risk for our capital ?
Never say there is no risk. There are always some hidden risk as no business will be guaranteed to run long term especially even for tomorrow. A well known and highly reputed business also may go bankrupted when a technical people or employee goes wrong. Once bitcoin goes out of our hands, anything might happen with that.
You are right. Today's good busines, may not be tomorrow's. But, at the same time not taking the risk might risk your entire life. So, risking some small amount is not always that much bad idea. Experts do call this 'calculated risk'. We can invest some 5% to 10% of total bitcoin saving into some reputed business.
Yeah right everything are starting in small amount if you are not success start a new one try and try until you succeed risking a small amount is not bad for me.. just like what i do right now trying to make more income online spending some bitcoin in trading and trying to make a small blog site trying to make it popular and if i am successful someday i can earn a good amount that i can live online with my day job.



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