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Bustart
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November 07, 2017, 10:22:16 AM |
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Hello, I have any questions
If I want to invest in bitcoin, what do you think this is useful for me or not? give me your opinions.
why I must invest in bitcoin? or why not? just give me strong reason.
I think it depends on how you will play in the investment. if you later buy bitcoin when the price is low and sell bitcoin at a high price, I think you will profit very much later. but if you're afraid bitcoin prices will go down and you sell all your bitcoins I guess that's not a good choice. There are always pros and cons to any situations in engaging a business. To be able to make a good decision, you need to weigh the good and bad thoroughly before finalizing your choice. For me, investing bitcoin can be profitable and can be harmful. It is all depends on how you used it. It's said to be harmful if you were used it in illegal ways and is profitable if someone knows on how to used it wisely or in a good way of living. |
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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reu08
Newbie
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Activity: 15
Merit: 0
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November 07, 2017, 01:32:55 PM |
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Investing in bitcoin is like investing your money in a company or business. But investing in bitcoin is more profitable and your money will grow and you get profit for it.But If you have doubts investing in bitcoin look first on the history chart price of bitcoin starting 2008 and compare the price now. Hope it may help for you to decide.
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cryptochr
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November 07, 2017, 01:37:21 PM |
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Investing in Bitcoin will bring profit as things seem, it's on a steady rise too.
We will have to wait and see what will happen after the fork incoming 16th of november and the fork coming next month.
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Anndrianno
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November 07, 2017, 01:50:27 PM |
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Unfortunately it's too late for you to invest in BTC- wait for the major trend change and then get into BTC at a far more reasonable price. That's what I think at least
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olushakes
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November 07, 2017, 01:54:52 PM |
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Hello, I have any questions
If I want to invest in bitcoin, what do you think this is useful for me or not? give me your opinions.
why I must invest in bitcoin? or why not? just give me strong reason.
You want to invest on bitcoin and you don't know if its harmful or profitable yet you are on a forum of several thousands of users with the only major thing that brought them together is bitcoin. With that alone, you already have your answer as to whether bitcoin is harmful or not because if it had been, a lot of users here would have tried something else. Read threads, and nourish your knowledge. |
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credo_14
Newbie
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Activity: 14
Merit: 0
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November 07, 2017, 02:19:02 PM |
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Both are posible. Bitcoin perce has a high risk because no one can predict what will happened in the market. But it is also profitable because you will able to earn even without capital.
There are so many thread in this forum that could help you determine the positive and negative effect of bitcoin.
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Hanebel
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November 07, 2017, 02:27:04 PM |
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As today, bitcoin price is quite high, which means that you will buying it at higher price compared to the price before. Bitcoin is quite vulnerable this time as shown by the sudden changes in price.But I believed that when you're buying it for a long term investment.It would be profitable.Since each and every day people are being introduce to cryptocurrency especially bitcoin.
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bosede1
Member
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Activity: 714
Merit: 16
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November 07, 2017, 02:37:48 PM |
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Change is constant, bitcoin is an investment. For you to invest you must be a risk taker, it depends on your perspective
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Tamy
Member
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Activity: 112
Merit: 10
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November 07, 2017, 02:38:00 PM |
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In my opinion it is profitable to invest in Bitcoin but long-term, not short-term. The value of Bitcoin is increasing over the time. Last year the value was 10X lower than today. And I think that Bitcoins value will raise in the future. Of course nobody can gurantee that, and it is risky, but I think that we can expect further raising. I also think that there will be some corrections of Bitcoin value after the fork, and the price could go a little bit down so maybe than could be a good moment to buy some Bitcoins.
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onesalt
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November 07, 2017, 02:43:39 PM |
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Right now its value is too high. I would recommend some wait for the lower BTC price.
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erickkyut
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November 07, 2017, 02:47:29 PM |
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Investing in Bitcoin is either harmful or profitable. It will be harmful if you will invest without any preparations. If you will invest because you just carried away by the hype and popularity of Bitcoin in your community and you didn't do any research, it can be harmful by losing all of your investments. It is profitable if you know what you are doing. If you did some studies first before investing.
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babsjoe
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November 07, 2017, 02:53:38 PM |
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Bitcoin is the best investment at the moment! Those that invested less than a year ago are reaping bounty return on their investment. And for your information, there is still plenty room for increase in price of bitcoin. Bitcoin will still rise further this year and in future.
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beerlover
Legendary
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Activity: 2856
Merit: 1158
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November 07, 2017, 03:26:21 PM |
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I don't know.
But it has been profitable for the last 8 years.
The price jumped from nowhere to $7000 and is rapidly increasing.
It was $700 a year ago (6 november 2016) and in a year has increased by x10.
I believe that is enough for any layman to know that it has been very profitable so far. Bitcoin is a digital currency with a lot of uses and the demand for the value is what increases the price and as long as we all keep sticking to the fact that we want to keep using it, it will end up not just profitable. But would make its daily usage and means of transaction very lovely and anyone who wants to consider it as probably harmful should better stay away. Every investment comes with a risk and if the OP cannot understand the risk by himself, then he is absolutely not ready to invest. |
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Kat_Slash
Member
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Activity: 101
Merit: 10
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November 07, 2017, 03:29:27 PM |
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Bitcoin is one of the safest investment in crypto which will keep on rising! The gains will be lesser compared to other new coins or seasoned low value coins but you will have peace of mind!
Wait for Fork to happen then you can invest in BTC!
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pineapplecharm1
Newbie
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Activity: 29
Merit: 0
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November 07, 2017, 03:31:39 PM |
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Hello, I have any questions
If I want to invest in bitcoin, what do you think this is useful for me or not? give me your opinions.
why I must invest in bitcoin? or why not? just give me strong reason.
Bitcoin might be the future of finance. I think this is enough reason. |
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PhucS
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November 07, 2017, 03:42:36 PM |
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Hello, I have any questions
If I want to invest in bitcoin, what do you think this is useful for me or not? give me your opinions.
why I must invest in bitcoin? or why not? just give me strong reason.
In my opinion, I think investing in Bitcoin at the moment is beneficial, you should choose Bitcoin. The benefits are many. In terms of value, you seem to know that Bitcoin is dominating the cryptocurrency market, its price is constantly growing and it has consistently reached record levels, investing in Bitcoin can now be more profitable for you because its price is expected to increase even more. Besides, transactions Bitcoin is very convenient and cost effective. The essence of it is decentralization, you trade with others without knowing who they are, every transaction will be made quickly across the world  |
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louisMTV
Member
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Activity: 83
Merit: 10
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November 07, 2017, 03:46:25 PM |
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Right this moment it will be harmful. But few weeks later if have a bag of Bitcoin it will be profitable.
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anjuara29
Member
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Activity: 364
Merit: 10
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November 07, 2017, 03:53:41 PM |
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From my opinion Bitcoin is profitable if anyone invest or hold for long time. If anyone hold and increase bitcoin then he/she get profit But after decreasing price we can't get profit from it. But we have to hold that amount form long time and after a long time bitcoin will defiantly increase and we must get profit. So if you invest for long time then you have a great chance to get profit and if you invest for short time then your profit chance 50/50% I think. And it will depend on the bitcoin price actually.
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Dralarn
Member
Offline
Activity: 78
Merit: 10
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November 07, 2017, 03:59:37 PM |
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Bitcoin is quite a good investment, I won't tell you why you should or shouldn't invest in it, I'll just give you some overal statistics. If you invested a thousand dollars at the start of 2017, you would have about seven thousand dollars now, that's a 700% increase. Most indexes (traditional investments) offer a yearly return of 8%, which means within these six months you would have made 4% if you would have invested in them, that would have made your thousand dollars into 1030, which is about nothing. The technology has still a lot of room to develop, so you'll have enough opportunities to see BTC appreciating.
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gabbie2010
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November 07, 2017, 03:59:50 PM |
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Investing in bitcoin is very profitable and going by the speculations that bitcoin will hit $10,000 soonest by fundamental analysis it has been a smooth ride already for those who had investedin it I think the best time to invest is to wait for price pullback or corrections before pulling the buying option, there is no doubt bitcoin is presently gaining ground.
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