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Showing 20 of 88 results by coinoclock
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Re: What is your plan to get rich with Bitcoin?
by
coinoclock
on 13/10/2016, 08:44:18 UTC
Food for thought for anyone saying the bitcoin price is too high at the moment for buying in:

Just because the value of bitcoin has grown a lot since it was released, it doesn't mean it won't grow further.

Take a look at this chart of Warren Buffett's Berkshire Hathaway company:
http://static2.businessinsider.com/image/54f4ada4ecad04a2477c881b-1200-924/value-bar-log-final.png
This chart shows the current value if you invested 1000$ in Berkshire Hathaway stock, sorted by which year you bought it.

The people who are now saying bitcoin is too expensive, and don't believe in further growth, are the same type of people who didn't invest in the Berkshire stock in the 70's, 80's and 90's.
Because they believed it couldn't grow any further because of the already insane growth. Do you think they regret that decision today? You bet.

In my opinion, you need to look at bitcoin as a long-term investment. You also need to be willing to take a risk.
That being said, you should obviously never invest money you can't lose, as there are no guarantees in this game.

Personally I rather buy bitcoins, instead of buying that takeaway pizza, or waste money on other similar things.
I'll rather be that guy who invested in something I believe in and lost, instead of that guy who regrets that they didn't invest in something they believed in, because they were too greedy/rather wanted that pizza instead.

Also, never put all your eggs in one basket. Diversify.
i agree totally. and i also thank everyone who does not invest in bitcoin because the price is to high. why? because i will buy more and every buyer is pushing the price further. and i want to continue to buy cheap for a while Wink
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Re: What is your plan to get rich with Bitcoin?
by
coinoclock
on 13/10/2016, 08:38:25 UTC
My plan is to save 5 bitcoins at the side and keep them, and maybe in the future if people realize how good it is,then we are all going to be rich from that.

So as everyone likes to say "Keep Hodling".
We can all get rich if everybody starts supporting bitcoin in my opinion, so just make sure you have enough btc to hold so you wont lose the train when it leaves.
5 btc is a good start but maybe not enough to get rich. but still a nice profit i guess.
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Re: If bitcoin rose to $1M, what you do?
by
coinoclock
on 13/10/2016, 08:36:01 UTC
Direct opposite of https://bitcointalk.org/index.php?topic=1438622.0

If bitcoin rose to $1M, what you do?

I personally would sell maybe 0.00001 BTC (about $10 if I'm not mistaken).
If that would happen then of course OI would sell all of my Bitcoin at once because there is no reason to be waiting for the Bitcoin to still get higher.
I think that not only me but everybody who own a bitcoins would sell it.

Correct and I don't think that there is any point in holding them at stage, so it would be a good decision to sell all coins that we have and enjoy the life and say good bye to bitcoins.
but you do realise that bitcoin would be most likely accepted everywhere at this point (how else could it reach $1M) and selling bitcoin would be not a smart idea and also saying goodbye to bitcoin impossible since some services would be only payable in bitcoin. 
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Re: Earning a living with bitcoin?
by
coinoclock
on 13/10/2016, 08:10:35 UTC
Earning living with bitcoin is good if the price or value of bitcoin will not going down, if you are working in good company bitcoin is good to you as other source of income to increase your monthly or semi monthly income.
No one of course will focus in bitcoin if it is not progressive, right now, I can say that the price is increasing and it is good to work with bitcoin as our income has  great valuation. As long as you are not lazy, you can do tasks here with different rates and you can accumulate a great amount of income.
You can earn it in different ways but its hard to earn a living from it as for that we need to earn higher amount of bitcoins and for that you need to have multiple sources of earning and that is possible only if you have good and multiple skills.

Correct, there are really lots of ways to earn bitcoin but making a  living  with it is somewhat difficult because as we all know that earning here on bitcoin world is not constant or stable  unlike on having a day stable  job. As you said if you have  a skills  on programmingor developer  it could somehow give you decent amounts in  no time.
i'd say there is still a difference between getting paid in bitcoin which is not easy to begin with and earning money from doing business in the bitcoin world. so you could earn your living with bitcoin but getting paid in fiat.
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Re: Bitcointalk is a good way to get information about Bitcoins?
by
coinoclock
on 13/10/2016, 07:47:19 UTC
actually yeah, cause in bitcaointalk there a lot information about bitcoin and also it's help us for trading
Yeah, but i have added other source for talking the informations for making prediction, you can try to joint on coindesk, cointelegraph and getting informations daily via email from there. You can make analysis fundamental from there.
here are so many wrong comments that i would recommend reading a book first and then you can go and inform yourself on those sites or here.
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Board Bitcoin Discussion
Re: Integrate Bitcoin payment in Facebook
by
coinoclock
on 13/10/2016, 07:45:13 UTC
well how about sending the address and the other part can then send bitcoin to it?!
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Re: is there a kind of Bank for bitcoins ??
by
coinoclock
on 13/10/2016, 07:43:34 UTC
oh yes there are "bitcoin banks" and as the banks we know they will do the same thing and rob your money. so pleas read more about bitcoin and you will find out what it is all about. being in control and responsible for your money.
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Board Bitcoin Discussion
Re: Can Bitcoin help poor countries?
by
coinoclock
on 13/10/2016, 07:10:05 UTC
It can surely help the poor countries where the rate of unemployment is very high and people find it difficult to get a job in that case bitcoin can provide them earning opportunities which can take care of their living.
and which would they be? because most unemployed have no time to work or no skills and please tell me that you don't think that they should participate in a signature campaign all day long.
Hey, there are a lot of other earning opportunities based on bitcoin system, it could be used to help any country people especially it might most most to poor countries as they might be ready to work comparatively at cheaper rates.

Signature campaign is not the only way we can work and earn with bitcoin system, there are a lot of freelancing sites which are offering many wonderful jobs which are based on bitcoin and altcoin environments.
ok, so what are those wonderful freelance jobs that you can only do in bitcoin without skills? because if you have some skills that allow you earning bitcoin freelancing, then you could use the same skill to freelance and earn fiat, so why the unemployment in the first place?
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Re: What is your plan to get rich with Bitcoin?
by
coinoclock
on 13/10/2016, 07:07:10 UTC
My plan to get rich is to have business that will gives me stable income and also the business that will accept bitcoin as mode of payment, then continuous working in bitcoin like participating in signature campaign, trading and sports betting.
you really want to start a successful business and still participate in signature campaigns and sports betting? if you run a successful company you will have no time for these timewasters that don't pay well.   

What he is trying to say is that he will start his own business but will also keep on earning bitcoins in different ways and I think that is a good decision as multiple sources of income will multiply his income.
well i don't think you can run a successful business if you don't put 100% focus on it. if you want bitcoin, then you just buy it rather then wast your time with earning it thru signature campaigns and such. or are you one of those who recommend faucets because it's a additional way of earning bitcoin?
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Re: What is your plan to get rich with Bitcoin?
by
coinoclock
on 13/10/2016, 06:51:07 UTC
My plan to get rich is to have business that will gives me stable income and also the business that will accept bitcoin as mode of payment, then continuous working in bitcoin like participating in signature campaign, trading and sports betting.
you really want to start a successful business and still participate in signature campaigns and sports betting? if you run a successful company you will have no time for these timewasters that don't pay well.   
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Re: Will you accept bitcoin as your salary?
by
coinoclock
on 13/10/2016, 06:47:06 UTC
Bitcoin as a salary will be way to risky and most employees will not accept it. The price is way too volatile and if it crashes people will lose their money a day. I don't think that the people will take the risk. People will definitely not trust bitcoin as it seems so complicated to all the newcomers.

To newcomers or new to bitcoin, it will look very risky and complicated. But I think for those who are already used to receiving bitcoins, it will be different. It is quite a risk to take all your salary in bitcoin, but I think if you get half in bitcoin and half in fiat, the risk is minimized. And some of us can live with that.
Nothing beats experience of course, we are here for a long time already and I can say that we are matured enough to understand the risk of bitcoin and only risk we can see is the price volatility but for me that would be fine as I am a gambler by nature.

I think its an individual decision and if you are comfortable in accepting salary in bitcoins then you can go for it but for me I won't do that as price really matters for me and it can even go lower in coming period.
here is what i never understood with the volatility argument. it goes both ways. so you can make extra money without doing nothing. and if it goes down once in a while it is usually under 10%. if you can't handle that then your are doing something wrong anyway.

Price can fall even more then 10% in future and in that case it will affect our income very badly, and there is no guarantee that price will keep on moving in upward direction in future.
so why are you here anyway or investing in bitcoin for that matter? also your employer could fire you and maybe you get hit by are car. there are no guarantees in life and if you aren't willing to take risks, then you will never improve money wise.
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Board Bitcoin Discussion
Re: Can Bitcoin help poor countries?
by
coinoclock
on 13/10/2016, 06:43:12 UTC
It can surely help the poor countries where the rate of unemployment is very high and people find it difficult to get a job in that case bitcoin can provide them earning opportunities which can take care of their living.
and which would they be? because most unemployed have no time to work or no skills and please tell me that you don't think that they should participate in a signature campaign all day long.
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Re: Will you accept bitcoin as your salary?
by
coinoclock
on 13/10/2016, 06:41:03 UTC
Bitcoin as a salary will be way to risky and most employees will not accept it. The price is way too volatile and if it crashes people will lose their money a day. I don't think that the people will take the risk. People will definitely not trust bitcoin as it seems so complicated to all the newcomers.

To newcomers or new to bitcoin, it will look very risky and complicated. But I think for those who are already used to receiving bitcoins, it will be different. It is quite a risk to take all your salary in bitcoin, but I think if you get half in bitcoin and half in fiat, the risk is minimized. And some of us can live with that.
Nothing beats experience of course, we are here for a long time already and I can say that we are matured enough to understand the risk of bitcoin and only risk we can see is the price volatility but for me that would be fine as I am a gambler by nature.

I think its an individual decision and if you are comfortable in accepting salary in bitcoins then you can go for it but for me I won't do that as price really matters for me and it can even go lower in coming period.
here is what i never understood with the volatility argument. it goes both ways. so you can make extra money without doing nothing. and if it goes down once in a while it is usually under 10%. if you can't handle that then your are doing something wrong anyway.
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Board Bitcoin Discussion
Re: Can Bitcoin help poor countries?
by
coinoclock
on 12/10/2016, 18:58:26 UTC
I think, Bitcoin doesn't designed to help poor countries/poor peoples. The main concept of creating bitcoin is to be pseudo-anonymous and its being like that. Even if some donates some BTCs to poor peoples, they still lack in resources (like mobile phones and internet, Because they even cannot afford buy those things like us) to use bitcoin.
i completly agree with this statement and i belive they should first get some education scheams like free studys type and after that they can use bitcoin to become a self dependent person and to get access through the world its not so easy but it is an good way to start
He had a point but i think we can help those poor people to bring alive if government also can support even electricity to start a mining farm for poor people so that they can work as a normal bitcoin miner.. If bitcoin miner earn a lots of bitcoin in their place they can use it to buy what ever they want ..
somehow i get the felling that you have a very strange view of poor people. internet and mobile phones are not that special and exclusive. don't think that just because you pay an insane amount for some iphone. i have seen smartphones in slums.
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Board Bitcoin Discussion
Re: ViaBTC Sees 50% Drop in Hashpower After Supporting Bitcoin Unlimited
by
coinoclock
on 12/10/2016, 18:28:37 UTC
so is this some kind of a fork or are they on the same chain? i'm confused a bit. plz explain.
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Re: Will you accept bitcoin as your salary?
by
coinoclock
on 12/10/2016, 17:14:29 UTC
this idea doesn't sound good at all to me.

i like investing in bitcoin and holding it and i even like spending some bitcoin as online payment but as all my salary in form of bitcoin no it is not a good idea.

I think you better quit your sig campaign because it is not following your belief and thought on being paid fully in bitcoin.  Since you are indirectly saying that your campaign mode of payment is a bad idea.  Anyway, as long as the terms are good I don't mind being paid in bitcoin.  This bitcoin participation gives me another set of potential earning because only a few people out of the whole population knew about bitcoin and the opportunity it gives.
if you want to just get paid a portion of your earnings in bitcoin, because all is not practical then signature campaign is a nice way to earn some btc and don't have to exchange.
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Board Bitcoin Discussion
Re: If bitcoin died tomorrow
by
coinoclock
on 12/10/2016, 15:48:35 UTC
i would have lost some money and some time, but learned a lot and maybe even be one of the early adopters for the new bitcoin or whatever comes after bitcoin.
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Re: How would you guys react if you guys lost 10, 000 bitcoin?
by
coinoclock
on 12/10/2016, 15:47:09 UTC
it would be bad, but certainly not all my money, since it it good to diversify, so if i would have lost all my bitcoins i would have other valuable stuff so i wouldn't be broke.
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Board Speculation
Re: If bitcoin rose to $1M, what you do?
by
coinoclock
on 12/10/2016, 15:45:22 UTC
If bitcoin rose to 1M I would sell all my bitcoin and invest in buying an house cause buying an house takes away some monthly costs which allow me to save more money and invest more money.
I would keep investing in bitcoin still.
I also will do the same but not the part of selling all my bitcoins. Maybe I prefer to sell only less than 50% of my total bitcoin savings. I never interested to come out of bitcoin savings at any point of time also for any value of bitcoin. Because I'm strongly believing in to bitcoins that it will keep on increasing in value over time.

Similarly I also will keep on buying bitcoin continuously regardless of what value it will be having. So, that I will be keeping on myself into bitcoins value appreciation race.

But I don't think that price will go higher after that achieving that high price as almost everyone will dump their coins at that price will will make price go lower after that.
why would they sell something that brought them good winnings just because a certain number is reached? other would pick it up anyways. but i would invest in a house or somethink like that and keep the rest for sure.
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Re: What is your plan to get rich with Bitcoin?
by
coinoclock
on 12/10/2016, 15:20:35 UTC
My plan to get rich with bitcoin is split in 3 parts
1 learn trading
2 sell bitcoin on localbitcoin
3 bet on soccer with bitcoin
Your plan is really great learning trading from this forum is so much have fun you can really meet and have new friend here if you can really make profit in this forum you can earn more bitcoin in the future and you can really become rich just don't do gambling because you can lose everything in the future.
if you know what you are doing ok, but bets on soccer does not sound like a clever thing to do, as i never heard of someone who did this for a long time and with a total profit worth mentioning.
sell bitcoin on local bitcoin can be dangerous and you should check the applying laws first.
i guess trading is fine if you know what you are doing, and most don't.
Football matches can be unpredictable these days. If I were you I choose Basketball as you can concentrate on few players and their strength and weaknesses , injuries, coach and also they have fair odds. Basketball bets are a good way to earn money, but yes betting is not a sure thing to become any rich I don't know if the richest people bet to get rich.

What will you do if the match is fixed? No strategy or technique guarantees you profits in gambling and that makes it really risky business and its hard to believe that it can ever make you rich.
i don't know if it happens a lot that games are fixed, but sometime the underdog wins and you make a big loss. those can eat your earnings up fast.