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Showing 20 of 241 results by kacak41
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Board Economics
Re: The future of the paper money
by
kacak41
on 17/03/2016, 15:20:05 UTC
Paper money will of course exist in the future. And that is just impossible to happen that it will disappear.
Bitcoin is of course more used in the future and that is good. But many people also need their paper money.
yeah agree. bitcoin might become popular and many people using bitcoin. but it will not make the peper money to be disappearing. paper money is always welcome This is not ancient fashion. but paper money has existed since time immemorial

Yeah, I don't see paper money going anywhere in future, it will always be used by majority of people, people who are uneducated they will find much easy to use fiat in compare to bitcoins.
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Board Off-topic
Re: Do you actively spend your bitcoins?
by
kacak41
on 17/03/2016, 15:18:12 UTC
These days I'm gambling a lot, so I spend my Bitcoin but you can call it investment too. Because I usually win and get back more coins. I only play for the most possible (guaranteed) bets. If I need something digital I'd use my Bitcoin to buy too.
What are these guaranteed bets that you are talking about? Sports bets, but those are really not guaranteed even if you have a team that is the top, they will eventually lose some time. And you better hope you don't put a lot on them at that time of defeat.


I think he meant to say is that a percent to win is higher like 80/20 percent.
Sport betting really give you advantage and most of all in 10 bet you can win 7-8 times.

Yes sport betting is good if you have proper knowledge of that particular sport, then you can make some money out of it, but again anything is possible in gambling, nothing is guaranteed.
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Topic
Board Economics
Re: Bitcoin worth to you or not...
by
kacak41
on 17/03/2016, 15:15:19 UTC
In my opinion the bitcoin is worth it because of numerous facts, one of them is that it has a great future a head.
Another thing is that its the future of many currency's because its digital, another thing is that the bitcoin is growing really fast so that is a sign its gonna get a lot bigger in a few years for sure.

You are right about it and because bitcoin is gonna be know to all country no matter how much the news incorporate is as a bad project.
Most big companies are now adapting bitcoin and its a good sign for bitcoin users.
Bitcoin is worth for everyone. You will be crazy if you think that Bitcoin has now worth. Many people want Bitcoin so it must be worth.
And it will be even more worth later in the future. And that can be so good for those people who already have Bitcoin.
Would you say bitcoin are worth when the price fallen to the lowest like $50 ? Even back to $1?
I think people only think and care about how much bitcoin price then they assume it as a worth. When the price fallen they lost their faith to bitcoin and will think it's not worth anymore .
It doesnt matter if it is $1 or $1000. It will be always worth to us. Because it is a value and that is really important.
You can live with it and you can even some earn money with it so it must be worthfull. It will be also used as a payment method.

Exactly, and the only thing bitcoin need at a moment is the support and some time to grow and be more powerful in future, in future we will experience the real power of bitcoins.
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Topic
Board Economics
Re: I'm not gonna sell any coin.
by
kacak41
on 17/03/2016, 15:13:26 UTC
I like to incorporate this cryptocurrency to my daily life, that is why I love to do some transactions paying with bitcoin, but of course I also try to save more of this currency looking for an amazing increase in its current price.

Saving this crypto will really benefit people later this year, many people are speculating about the price will go up after the halving.
So im am saving as much as i can before the halving comes.
Maybe in the end of the year you can sell it. Because it is good that you now not selling because the value is not that high.
And we all hope that it will be also more worth later so we can sell it with some profit.
You don't need to wait until the end of the year/ for halving not occur at the end of the year. but in the middle probably between August prices will soar high. maybe we can sell in the month

Yes we would see much better price at the time of halving, so its better we hold till then and sell at the time of halving to earn more profits.

Indeed, we should just have some patience for the halving because the halving will let us make profit for sure.
Its just that people do not have the patience to wait and want to sell them to make a little bit of profit these days...

Price is rising slowly at a moment, so we can expect that the price would be better at the time of halving, so holding till halving can be more profitable.
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Topic
Board Economics
Re: If bitcoin price is $10.000, will fiat be worthless?
by
kacak41
on 17/03/2016, 15:12:08 UTC
bitcoin will never be able to suck all the fiat money, they can just print more without problem

also fiat is already worthless, but you're obligated to use it for the majority of things

if you mean collapsed, i don't think so
yeah that's right.
I think fiat will survive in hundreds years and won't be worthless.

if bitcoin ever reach $10.000/bitcoin, fiat currency won't be worthless either as long as people convert bitcoin to fiat

Fiat will always survive especially in poor countries, where people don't have any idea about the digital world, they would prefer to use fiat for making purchases.
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Topic
Board Economics
Re: Why do people keep saying BTC is dead?!
by
kacak41
on 17/03/2016, 15:10:27 UTC
Many people are very angry about the value that is not rising. But you can see that the value is rising very slowly and that is very good. It is the beginning.
But they dont have to be that negative. Because it takes time to reach. So they need some patience.

what you are saying is true, but they are well aware about the functioning of bitcoins, the price is not in our control and everyone is aware about it, then why just to spread this type of news that bitcoin will not survive in future.
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Topic
Board Speculation
Re: How many bitcoins do I need to retire in 20 years?
by
kacak41
on 17/03/2016, 15:07:32 UTC
Its hard to predict but you should need a lot of them to succeed with this also the question is if the bitcoin will be worth much in that year.
If so that you do not have a lot but from now on its still unpredictable and you would need a lot.

So the best is still to prepare for the worst scenario after 20 years,  like the price drops very low.. so it would be good to collect as much as we can, but it should only be what you can afford to lose..better yet, invest your retirement in fiat and make bitcoin as a reserve..

Yeah depending only on bitcoins would be an risky business, as we are not sure what would be the value of bitcoins in future, its better if we invest in multiple products so that it can take care of our retirement.
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Topic
Board Economics
Re: How too get rich
by
kacak41
on 17/03/2016, 15:04:28 UTC
Getting rich is not easy thats why i think there is alot of dishonestly , bending of rules and what not to say the least

Recipe to getting rich is to get creative !!!
agree to you. If getting rich easy as saying would be a lot of rich people in the world just a little bit people are poor. but it did not happen in fact become rich is a difficult thing :/

Its difficult to become a richest in a real life, but if you work hard and if luck factor is in your favor then it can work for you, but depending only on luck will not help you also need to make efforts to reach there.

Yeah to be a richest man, you must have skill and make hard effort. Including make business bitcoin related.

Its not only about bitcoin business, you can get rich in other ways too, the only common factor is that you should be honest and hard working, if you have this in you then you can become rich.
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Board Off-topic
Re: Will you quit your day job to go full time on bitcoin?
by
kacak41
on 17/03/2016, 15:01:18 UTC
i don't think i will do this, maybe in the future i changed my mind but not now. i don't want to take the risk. but i am sure that there is enough potential of earning with bitcoin that i can quit my job to go full time especially in trading.

There is always some risk factor involved in earning from bitcoins, as you might go through loss in trading if you don't have that skill and I think that is the biggest risk to take to quit your job and depend only on bitcoins.
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Board Economics
Re: Bitcoin or gold?
by
kacak41
on 17/03/2016, 14:59:00 UTC
I would choose bitcoin over gold as I feel that value of bitcoin would be on top in future and it has a power to become a global currency in future, so I would choose bitcoins for making an investment.
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Board Off-topic
Re: Bank or Bitcoin Wallet?
by
kacak41
on 09/03/2016, 11:33:35 UTC
I would choose for the bitcoin wallet because its much safer in my opinion, also the fact the banks just looking afterwards you.
The bank are also very slow compared with the bitcoin so that is also a reason why the bitcoin wallet is much better.

Yes, I think bitcoin wallets are safer and the best thing is you have your own bank in the form of digital wallet, and which is accessible to you anytime you want, and you can receive/send funds 24/7.
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Board Bitcoin Discussion
Re: What's your biggest problem with Bitcoin
by
kacak41
on 09/03/2016, 11:30:48 UTC
The biggest problem that I have with Bitcoin is that you never know what can happen with the value and that is quite bad.
You must take risk to have some actions and that is not good. You can be for sure if you are going to sell or buy it.

for example for me (and i think also other people) the value of bitcoin it's the fun part of it. I'm talking like this because of course i'm not a big hodler nor i have thousand of bitcoin. I agree whit you that some people may be scared from the volatility

Average earning person will always be scared of the price volatility as it is his hard earned money, and if price falls down he have a fear of loosing everything, and for him that small investment would be worth in millions.
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Board Bitcoin Discussion
Re: Can Bitcoin make Banks disappear?
by
kacak41
on 09/03/2016, 11:25:43 UTC
No I do not think this is possible if I'm very honest because the bitcoin is just to small right now maybe its possible in the future.
But the time will learn it because the bitcoin is not to predict of course.

I agree, and it is never easy to make banks disappear, in future bitcoin will be used more but there are certain percentage of people who would prefer to use banks and not bitcoins.
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Board Bitcoin Discussion
Re: What "facts" you heard about Bitcoin is not true?
by
kacak41
on 09/03/2016, 11:24:04 UTC
The fact I heard was the press and media were saying that bitcoin is dead and it will never rise again, but today we can see the bitcoin have survived and its price is also rising at a moment.
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Topic
Board Bitcoin Discussion
Re: Are you holding your bitcoin for a price increase?
by
kacak41
on 09/03/2016, 11:22:25 UTC
Yes for now im still holding it and wait for the halving to be ended. i hope the price should be rise above 700 after halving...
Bitcoin has a potencial to increase more after halving so that still now i am collecting more bitcoins and i hope i  can make 2 bitcoins before halving ends..

Yeah you must always have certain target  in your mind so that you will actively make efforts to achieve it, we all are trying to collect as many coins possible so that we can be benefited at the time of halving by selling it at much higher prices.

I think yes holding is the best option available right now, as if you sell at a moment, then you cannot get higher profits as the price is low and you can expect much better price at the time of halving.

Holding is good but only upto a certain extent of time, if the present value is higher then your purchase the you should sell some part of it and make profits as you never know holding too long can be unprofitable if the price fall down.

Of course there will comes a time that you need to sell them otherwise you will most likely make no profit if you do not sell them on the right moment.
I think its just a matter of time before the bitcoin will go to a high amount and till than why should hold our bitcoins.
Also the halving is coming so that can unpack petty good if everything will go right like it has been planned.

Exactly selling at a right moment is the most important to earn some profits out of it, or if you just keep on holding and if price falls down you need to wait long for price to climb up again, which can be very time consuming.
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Board Bitcoin Discussion
Re: paypal or bitcoin?
by
kacak41
on 09/03/2016, 11:19:57 UTC
Although bitcoin is still fairly new and not a lot of company are accepting it i still choice bitcoin than paypal.
I can pay a coffee here with bitcoin instantly and it easy to use rather than the paypal.

You are lucky that you have a coffee shop where you can pay with bitcoins, even I don't see any shop here or even if I have to make purchases online I will choose only bitcoin and not Paypal. I simply hate Paypal.
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Board Off-topic
Re: What is your plan to get rich with Bitcoin?
by
kacak41
on 09/03/2016, 11:18:29 UTC
Many people want to be rich with Bitcoin and that is logic. I hope that more people sell it later in the future.
But first the price must rise that is also very important for the Bitcoin and to sell it.

Price will rise in future, but we should not wait or expect that it will reach to the moon, keep on selling when the price is higher and if the price is higher then we would surely become rich with bitcoins.
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Topic
Board Bitcoin Discussion
Re: What do you call someone with 1000BTC?
by
kacak41
on 09/03/2016, 11:15:09 UTC
I would simply call him a Lucky Guy, as its only luck that made him possible to achieve that milestone, as only efforts will not make you rich, you also need to have some luck factor attached to it.
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Board Off-topic
Re: What else besides Bitcoin r u doing to make money online?
by
kacak41
on 09/03/2016, 11:13:11 UTC
Hi,

I was was just wondering what else others are doing to make money online, beside bitcoin?


I make some money online thanks to bitcoin, but majority if the time i lost my earning from campaign/giveaway etc. in gambling  Cheesy

Don't waste your bitcoins in stupid things like gambling, why don't you prefer to just hold your bitcoins without touching them? Even if your coins are idle it will give you good money in future.
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Topic
Board Economics
Re: When do you buy Bitcoin ?
by
kacak41
on 08/03/2016, 16:42:24 UTC
The best moment to buy Bitcoin is just buy it for a low price. That is the best option to have some more money later.
But you never know what the value will be in the future. So you need to take the risk to invest in it.

Well, the only problem is you don't know what a "low price" is.
Bitcoin at $1K might have appeared to be a good buy when it was retreating from $1200

Yeah, we are not sure when to buy it and when to sell it as price keeps on moving up and down, so if you are comfortable with the price then you should buy it or sell it depending upon the criteria that you have set.

That's true, i am buying at a moment as I feel that this is the good price to collect some bitcoins, as the price would higher in future, so can sell at that time and make some good money out of it.