Re: Why bitcoin is not supported in some countries?
by
Winefwnetos
on 23/11/2017, 16:06:09 UTC
I believe because of the fact that some countries do not want people to earn somewhere else and some governments do not care about their people and just do whatever they want they will come up with their own coin and let people invest in that.
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BoardBitcoin Discussion
Re: How to explain bitcoin to teenagers or children
Bitcoin is difficult to explain. I also felt difficulties in understanding bitcoin for the firs time. Let's share how to explain bitcoin to children of teenagers. In My country I can say 98% children don't know bitcoin. In fact, bitcoin can be future money. If the children not familiar with cryptocurrency or bitcoin, how can they face the digital era in the future.
It is difficult to explain bitcoin for teenagers but it also depends on its own human resources, of course, to explain may be difficult but by showing the results we get from bitcoin and its benefits will certainly be able to influence them
Yes I agree, It is difficult to explain bitcoin especially on childrens and teenagers. Me also felt difficulties on understanding it on the first time, like you, but I guess if you will find any information about bitcoin then if you will teach childrens and teenagers step by step then I guess they can learn something even just a small thing.
Haha, I think it's very easy. I just need to teach them make money, then, they will need to have good method to make more money easily and Bitcoin is one of the good ways for them. They don't need to own credit card, because children and teenagers haven't enough age to create credit card. But they can still receive their salary through Bitcoin easily without any limit.
I agree with you it is very easy i would just show them how much you make with it and i would just let them make money for their selves because this way they can start young early and know what to do in their future so it is a win win situation.
I like to hold bitcoin cash instead of bitcoin gold. The reason is I like cash and I use cash for every transaction sometime when the gold prices get fall I like to purchase but later I sold that because I am not using gold for any reason and I have no experience to hold gold. while I use cash in my daily routine and thats why I want to hold it and use it.
You are quite confuse here, Bitcoin and Bitcoin-Cash are both cryptocurrency or digital money. The word 'cash' there is just an attachment to it to diverse it to Bitcoin. It is considered as an Altcoin, well recently its making its name being known by having a massive increase in price.
The statement that you've just said is considered meaningless, because you did not quite understood the concept of Bitcoin-Cash. Its not literary a 'cash' you know.
Anyways, holding gold is still good profit because of its steady price. But holding Bitcoin is on a different level, not only that it surpassed the price of gold, it also have a chance to make even more profit because of its volatility.
Real gold is not worthy to keep now that too if you are keeping it with you just for the sake of money. The best method of becoming rich is taking bitcoin. Ether are many ways of earning bitcoin and the best method is to join signature campaigns. Signature campaigns are the one where you can get money easily and there is not much scammers in this field. Gold has become obsolete now.
I agree with you if you have real gold your chance of being robbed is very big but if you have bitcoins how can someone rob you if they do not know how everything works and you do not care your pc with you but your gold you wear it.
Yes, now I'm doing it - I work and put all the free money into bitcoin. And I will do it until its price allows me to do so. And there already results from the investment in it will bear fruit.
be careful if you decide to buy bitcoin because you need to determine how much price you want to buy and don't buy when there are no clue how much it will down. because if you don't analyze the price, once the price is down, then sometimes the price will be down for more and you are only get trapped in middle price. if you can not analyze with good, then you can waiting for a while until you are sure that you can see the bottom price then you can buy at lower price.
I agree because the value is really high right now and i think that it may fall one of these days so you should think about maybe buying another coin or wait for the value be low to buy some more bitcoin.
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BoardEconomics
Re: Bitcoin has defeated gold
by
Winefwnetos
on 07/11/2017, 11:20:08 UTC
I do not think it can defeat gold because gold is more of a real life achievement and bitcoin is more of an online achievement you cannot compare those both with each other because that would make no sense at all.
Forget about everything else and just put everything on bitcoin. You are living with your parents, they pay everything for you, you got nothing to lose. If I was living with my parents, I would save everything and buy bitcoin monthly. If BTC doesn't keep rising you can still reach the 21 BTC holder group, then save this and retire in 10 years when the price makes you a millionaire.
Go all in on regret later. You are on a privileged position to profit from high risk high reward moves. No risk no win, and BTC is the best long term high risk bet.
The problem is you are putting all your eggs in one basket and while it could turn out to be great at the end there is a reasonable chance you will end up broke that is why it is never a good idea to go all in especially in something as changeable as bitcoin.
Agree on that mate. For young individuals , it is preferable to try investing as early as possible instead of having a good time most of the time. But it is not advisable to invest everything you have. You need to invest what is you considered an extra money. In investing you have to consider that there is a 50% chance of losing what you invested.
I agree with you but you don't have to invest young people can also start earning at their age and after a couple of years they should have some bitcoins then they can invest with those and learn more about bitcoin.
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BoardEconomics
Re: Is bitcoin a good way to invest your money ?
by
Winefwnetos
on 23/10/2017, 08:30:01 UTC
Yes bitcoin is a great way to invest your money into you can just only need to see how much people invest in it and all the good stories they have to tell you about their bitcoins i would say bitcoin can easily make one a millionaire.
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BoardBitcoin Discussion
Re: Do you save bitcoin for fun or for future purpose?
by
Winefwnetos
on 13/10/2017, 08:29:34 UTC
For both actually because is save for fun in the future but not a future like 20 to 30 years i mean after a couple of years i would cash everything out and have fun with the money i made from bitcoin that is actually what we all expect to do.
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BoardEconomics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
Very well said! I think it is not quite possible that everyone just start using Bitcoin and that too in such a short time period. Still there are so many who are unaware of this concept of digital currency.
It will take quite long time for everyone to know about this thing. Yes, there are very much chances that number of investors will definitely increase by 2022.
I don't think the problem here is the "small" time window until 2022. Bitcoin is being talked all over the world now, so people are getting aware. The problem is that bitcoin is following the path of investment and not "common currency". The fees are just to high for common use right now. We are seeing merchants withdrawing from bitcoin and not getting into it, simply because it's to expensive to maintain a business like that, when they can do the same with paypal for example. I'm sure investors will continue to come, because the use of bitcoin as "gold" is getting popular though. If the time of transactions is solved, and the fees drop, then we will a lot of people using BTC in 2022.
Yes Bitcoins will be definitely used by almost everyone in year 2022 because now a days Bitcoins are getting more and more popularity just because of its unstoppable increasing price there for in 100% sure that BTC will be used by everyone in year 2022.
2Future cannot be predicted but due to its growing demand there is a possibility that bitcoin can be used by almost everyone by 2022.Bitcoin gives huge payments but we should have patience for this.It is the fastest growing cryptocurrency today.
I agree with you it is the fastest growing cryptocurrency today but i believe it will be used by almost everyone around 2022 because of the people who are searching a way to earn money without actually working and then people come to bitcoin.
This month it seems i think most of the price of Altcoins looks down too on its price if compared with the price in the previous months. But surely this is certainly not the end of the prediction, i'm sure the prices of some Altcoins such as Ethereum, BitcoinCash and Litecoin will rising higher for the next. For now Altcoins will be very valuable in my opinion the three coins are Ethereum, BitcoinCash, and Litecoin.. I also have all three coins and hold it waiting for the price to rise again, and i believe these three coins are profitable if used as an investment.
Yes i also think that the prices of ETH and Litecoin will go higher. I have already invested in Litecoin I will invest in ETH in the future after i make my profit from my investments on some altcoins i have invested in previous years. If i make profit from every coin i will invest in the main coin in Bitcoin. Bitcoin is also rising every day higher so it would be wise to invest in it.
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BoardBitcoin Discussion
Re: What Is Your Bitcoin Dream?
by
Winefwnetos
on 14/09/2017, 16:03:55 UTC
My bitcoin dream is that i will make huge profit from investing. If i have done that i didn't have to work or go to school. Thats my bitcoin dream. I will when Im rich still investing in altcoins.