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Showing 10 of 10 results by Miniel
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Board Bitcoin Discussion
Re: What are the most common uses of Bitcoin?
by
Miniel
on 10/11/2017, 12:13:34 UTC
The most uses of bitcoin is just to hold it and wait for the bitcoin to have a higher value. And then make money out of it.
That is what everyone is trying to do with bitcoin and it works so why not.
Post
Topic
Board Bitcoin Discussion
Re: Why some people prefer Bitcoin over fiat ?
by
Miniel
on 09/11/2017, 16:36:31 UTC
Because bitcoin goes down and up that is why people like that much because you can have more profit with that also fiat does not go up or down it stays the same in your country and you will not even know about it.
Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
Miniel
on 03/11/2017, 09:09:21 UTC
Quote from: Kiweikoo on November 02, 2017, 12:10:30 PM
Quote from: Dobmader on November 01, 2017, 05:17:12 PM
Quote from: w33man on October 29, 2017, 11:24:23 AM
Quote from: jerol31 on March 26, 2015, 12:25:04 PM
Is it better to save money in bank or invest it online, in real estate or maybe gold?


The thing about saving is, the money inside the savings account doesn’t grow. Es, you’ll have extra money whenever you need it. Still, the money in the savings account will not last forever. So, it’s still better to invest.
Why not mate I have seen a lot of the people taking the profit and they are able to get the profit from the bitcoin I have seen the bitcoin price growing more and more so I think the value of the bitcoin is growing for the saving and it is not the time to sell it at all because still people are buying the bitcoin and they are enjoying the valuable profit from the buying and the selling.
Yeah if the person invests the money it mean be the person want to increase his money. If you will keep your savings in the cupboard or the bank you will not be able to get the profit or the income from it, but if you will invest your money you will get the profit and the benefit so from me as well it is the best decision to invest your money and to increase the profit more and more.
I agree with you if you invest it does becomes faster then if you save because the money you invest can grow into more that means you can have profit and the money you do not invest stays the same and will not grow.
Post
Topic
Board Bitcoin Discussion
Re: What Are Your Greatest Fears As a Bitcoin Holder?
by
Miniel
on 02/11/2017, 09:31:14 UTC
That bitcoin will go down very much and i will have a lot of loss instead of profit or that bitcoin will be banned everywhere that means that i lose everything and i do not have any more profit or loss but i still lost everything including time.
Post
Topic
Board Bitcoin Discussion
Re: why some country banned bitcoin?
by
Miniel
on 30/10/2017, 10:00:41 UTC
Quote from: hurain on October 28, 2017, 07:35:05 PM
Quote from: hyunee on October 27, 2017, 04:25:41 AM
Quote from: macartem on October 20, 2017, 06:29:18 PM
because they don't know how to demand taxes from this, and still fear for the economy of the country

They also fear that people would really put all their money to bitcoin not on the bank. As they cannot touch bitcoin they would probably banned this. Since it is a decentralized organization and government can't really touch them all they have to do is banned them. I'm afraid when it comes to our country as well.
In case of paper money there are different types of tax which are implemented on money of the people like withholding tax, sale tax or other taxes but in case of bit coin it was a fear that the people will keep all their money in the shape of bit coin so their banks will stop working.
I have to pay taxes in my country if i want to cash out my bitcoins it is not that bad for me because if you cash out a huge amount it does not seem like anything when you pay the taxes form it and it is not only the taxes.
Post
Topic
Board Bitcoin Discussion
Re: What are your plans with your Bitcoin?
by
Miniel
on 23/10/2017, 08:29:41 UTC
My future plans with bitcoin is to buy myself a nice house somewhere nice. And after that buy a car so i can travel wherever i want.
And probably buy some girls because why not lol.
Post
Topic
Board Economics
Re: Appreciation of bitcoin
by
Miniel
on 13/10/2017, 11:11:54 UTC
I like bitcoin very much because it has done a lot for me i can pay my family with it we have food on the table my son does not have to go to work everyday instead of school i think i should be very happy.
Post
Topic
Board Economics
Re: Should I stop Buying BTC?
by
Miniel
on 12/10/2017, 10:18:59 UTC
Quote from: goinmerry on October 11, 2017, 06:53:21 PM
Quote from: andrei56 on October 11, 2017, 06:14:55 PM
Quote from: katiecbell on October 06, 2017, 03:29:37 PM
Quote from: EiKaGlaShPriSAThWEl on October 02, 2017, 08:33:01 AM
Quote from: Tmnt581 on September 14, 2017, 05:23:46 PM
Should I stop buying BTC for above market value or should I start paying the listed price? I support Bitcoin and still pay 5k a BTC does anyone see bitcoin going back up?

 By this time, you should stop buying bitcoin because the price is high. Wait for the price to become low again then sell when it goes up again
Bad advice! Buy at dips, buy anytime you wish to buy cause you may never even see that value again. I learnt my lessons some years back when I was waiting for the best price and I was never able to buy at that present price till today as it kept rising in value until I just settled for the period I bought in eventually and it is still obviously paying me till today even at the price that I considered too much as at then.
This is the issue with people, they are always looking for the best moment to get into bitcoin not realizing that the best moment is right now, if you do not get in, you are going regret it when bitcoin reaches a price that no one thought it was possible, it was not long ago that people were wondering if bitcoin will reach 1000 dollar again and now we are close to 5000.

When bitcoin price going up they will hope that price will down. Then bitcoin price was decrease still they are waiting for more dips and become worried because they think if they will buy at that dips they think price will decrease more. And now that price is increasing, you will see people regrets that they didn't able to buy lol.

How can they put an end to this regrets if they don't have guts to face the risks.
I agree with you people do buy at the dip and sell at the top but you are missing the fact that bitcoin does not go down a lot of times and it the price is very expensive for people to buy who don't even have enough money to support their selves.
Post
Topic
Board Altcoin Discussion
Re: BTC/ETH Wallet hacked ($550k) stolen
by
Miniel
on 05/10/2017, 10:12:09 UTC
This is very sad man. You need to watch better out the next time. Maybe you can contact the police about this and that they would investigate for you.

You need to store your wallet in a secured place with 10 passwords required to enter in and have access to your wallet. So can a hacker never break in if you have a lot of coins.
Post
Topic
Board Economics
Re: Is bitcoin dead?
by
Miniel
on 02/10/2017, 08:32:31 UTC
If you think that bitcoin is dead there is a problem with you. You must know that bitcoin is unstable it is not like gold that holds it value. Bitcoin can rise and go down.
You had the moment of buying bitcoin when it was at a price of 3200 dollars you could now sell them, because bitcoin is now high.