If i'm gonna compare something that is not ending, we call it perpetual motion. Perpetual motion is motion that continues indefinitely. If we compare this to bitcoin, we must make sure that bitcoin is constantly being supported so it does not stop. We must also not disrupt the cycle of what bitcoin is doing and just accept whatever decision the developers make. If we support and not abuse this cycle, i think that bitcoin would never end. We must also take part to its advancement of security and we must not be careless.
Yeah, to keep bitcoin last, there should still high demand and supply of bitcoin. If time will come that there were no more demand and supply, then we have to say goodbye to bitcoin. Let us keep on supporting bitcoin whenever the price drops.
Of course it does. Every cent of income makes sense especially to those who have nothing to depend on when it comes to financial resources. A small investment may give a small profit but if you try to save it can mean so much more than just a small income.. Also, in my opinion, I think with bitcoin growing every week , a small investment may be a fortune in the near future. Saving can make us see how small investments are worth the wait.
I think it is really better to start from a small investment if you don't have enough knowledge in investing. And also, your small investment will eventually grow as time pass by.
as far as i am concerned, trading is not gambling . It is true that the risks and the possibilities of winning are similar, that you might get rich if everything goes okay as you can in one second lose everything , but trading is a job , it doesnt depend on just luck and you have to work hard for it. the difference between trading and gambling is both the amount of effort and investment put into trading.
Risk and possibilities on trading and gambling isnt really similar at all but they are both ways on earning money but the risk level factor isnt really the same.Trading would only be just considered as gambling if you dont have knowledge on doing it and yes gambling would really rely on luck which on trading it doesnt since skills would really matter on this one.
Gambling cannot be learnt while trading can be and risk is involved in every profession or game. Both are poles apart in their nature. Indeed both involve risk and depend upon future predictions but a trading expert can beat his difficulties by communication or rather persuading skills.
This is what trading is all about, buy stuff in low price, sell in high while gambling is putting money on the machine or some other player.
Totally agree! In trading there is I guess 98% chance of having a profit, if and only you have an effective strategy and you know the market status. In gambling, there is no assurance of winning even if you have your strategies because it is just based on pure luck. Although the two has a quite similarities, still, trading can't be considered as gambling.
It depends on what wallet application coinbase or website that you are using some of them will support to cash out to fiat like in the Philippines the application is called coinsph that can easily convert btc to php fiat and choose some choices to pick up your money, i hope some of the applications like this can be implement to make the convenience in btc transaction more easier than transferring it to another exchange that take some time and satoshi.
My workmate can simply cash out his bitcoin using coins.ph with hassle. It is really convenient to use.
I've read some article why china forbids bitcoin exchanges because bitcoin can not be controlled and self-government does not like it. maybe because the government or the country does not benefit.
No one can control bitcoin even the government. They cannot put a tax on it that so they can't benefit it and of course they're afraid that it might be used in illegal activities.
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Topic
BoardBeginners & Help
Re: Who can help a newbie?
by
gwapsz
on 12/10/2017, 14:33:32 UTC
Maybe by reading threads here. I guess all the answers to our questions about bitcoin is just here. We need to look for the right thread.