Search content
Sort by

Showing 20 of 191 results by rhed718
Post
Topic
Board Economics
Re: I'm not gonna sell any coin.
by
rhed718
on 04/07/2016, 06:46:44 UTC
I'm also not gonna sell any bitcoins because I think the bitcoin is gonna rise to a higher amount soon or later, it has a great future a head.
The halving is coming and I think that is already saying enough why you should not sell them right now.

Yup if you sell before halving then your profits it at risk and you are definitely playing with your profits, so have little patience and hold it for the halving.

If you look at it from that perspective, then yes, you may be right. But what if the price doesn't go up right now and starts sinking directly after the block halving? Then people would have regret not having sold at current prices. At this point literally anything is possible.
That's correct i think also we need to sell our bitcoin during or after halving because we already have a profit then just wait for another dump of the price then we buy more bitcoin again and wait for the long term when the price go high again.
Post
Topic
Board Economics
Re: Bitcoin or Gold? What would you pick?
by
rhed718
on 04/07/2016, 06:44:03 UTC
for me I better choose bitcoin over gold. Even the gold is a secure thing to store your money your money will not grow even if you store it untill your death.In bitcoins youre money that will invest in may grow because everyday bitcoin price keeps on rising and bitcoins is keep on being popular.Bitcoins has the potential to double your money just by storing when it price rose up
Post
Topic
Board Economics
Re: How to earn money with bitcoin ?
by
rhed718
on 04/07/2016, 06:41:42 UTC
Trading in altcoins or speculate on bitcoin price is a great but risky way.

If you are new to that try to check out some faucets or even better start your own business by buying and selling second hand stuff.
I guess altcoin trading is a good way to make money from bitcoin. you only need to buy altcoin of bitcoin that you have, then you just need to wait for the altcoin prices rise, it is very simple, but very difficult

What do you mean by its very simple but very difficult?

No doubt altcoin trading has a very promising future ahead and you can earn good profits from it if you handle it smartly, and that is the best way to make money at a moment.

By simple but difficult he probably means that it seems simple that you just need to buy altcoins and sell them later to earn profit, but it is actually quite risky because sometimes the price of a coin goes down madly after you buy it.
In trading you'll need to know what coin has a potential to increase the price and always check if that coin is stable when you know how to trade in safe ways i think rain of income goes to you!
Post
Topic
Board Economics
Re: Mining coins save or sell it?
by
rhed718
on 04/07/2016, 06:17:12 UTC
If you are jobless outside here in the bitcoin community then you surely have to sell your mined coins that you saved let's say just for the whole month then pay it for electricity bill. For sure, you should save your mined coins at first, collect them and when the right time come that you can able to earn money from it then sell it.
It should be individual's decision whether he will sell or save it but one trend is happening here in the crypto world, those who hold their coins in the long term are tend to become more successful than those short term holders.
But for me its good to save it for your future because the price of bitcoin will continue increasing that bring to us more profit. And also start collection in some aspect that will increase your bitcoin in your wallet
Post
Topic
Board Economics
Re: Is it a good long term investment to buy 1 BTC today?
by
rhed718
on 04/07/2016, 05:51:55 UTC
If you ask me yes it is very good decision if you will buy 1 bitcoin today and hold it for long term investment because you can see now that the price is slowly rising from its cheap price last year or even last month so why not to invest at bitcoin and try to hold it for long term for at least 4 years and after that you will decide whether you will sell it or not because i believe that after 4 years the price of bitcoin will be stable at $$$$ price Grin.
yeah I also agree that this day may be a better buy than you wait after halving? because maybe you'll be left behind in the train dude. buy today you have the opportunity to sell at the current high price of halving come might occur there?


Its always good to buy bitcoin and save it for future as like any other investments there is no lock in period in bitcoin you have freedom to withdraw with zero penalty fees.
yeah I agree that there is no lock time to buy bitcoin but the possibility of getting profit to faster will be preferred by users bitcoin. I'm not a hypocrite if I use bitcoin for short-term investment and many people also like it,. people will look for the right time to sell and buy
But 1 BTC is not really a good amount of BTC to make it a long term investment, that is just too low to make a profit even when the price will increase substantially.
i agree i think if you have more than 1 BTC i think that is the advantage to gain you more profit but 1 BTC is just too low for me. I think we need to have 5 - 10 btc to invest in long term.
Post
Topic
Board Speculation
Re: How many bitcoins do I need to retire in 20 years?
by
rhed718
on 04/07/2016, 05:49:15 UTC
30btc is enough. because btc price after 20yrs will boom. hhaha
You can never tell because all we can do is to speculate, if you believe it will happen, you are free to invest and even put your life savings on bitcoins.
Thats true no one knows how long the life of bitcoin or even it will last forever and also the price will be unpredictable but i think if the price would be stable in 20years your 30btc is not enough to make your life happy.
Post
Topic
Board Economics
Re: If Bitcoin had a stable price, would it still be as popular?
by
rhed718
on 04/07/2016, 05:38:43 UTC
I think if the bitcoin is getting a stable price i do not think there are allot of people will be interested into the bitcoin because they can not invest into the bitcoin anymore because of the stable value they cant get profit so they stop investing off course.
Post
Topic
Board Off-topic
Re: Will you quit your day job to go full time on bitcoin?
by
rhed718
on 04/07/2016, 05:35:54 UTC
if I have stable bitcoin income, let says 0.5 per day, I quit my day job and give full time on bitcoin, but as of now saving bitcoin is my first priority then learning for some bitcoin investment to get my goal in the future.
I think you should consider you health because you can do that if you work whole day without sleeping but if you have skills that you can used in online i think you can do that. But I think its good if bitcoin threats as side line.
Post
Topic
Board Economics
Re: Should I believe in Bitcoin ?
by
rhed718
on 04/07/2016, 05:30:58 UTC
As of now i think you should definitely believe in bitcoins in my opinion because the price of it is definitely going to rise also more people will be in it in the future and if you start earning with it i think you do not need to ask anymore.
Post
Topic
Board Economics
Re: How too get rich
by
rhed718
on 04/07/2016, 05:27:01 UTC
At my opinion only rich guys can say how to do this, cause if you are not rich it means that you can't give an advices to other people about it.

Even you are not rich you can still give advice on the things that you have read about the way to success of rich people.
They are also not that rich when they started out their business or jobs to become success.
You just need to work hard.
If only I have all the resources I needed I would be rich by now, some are rich already when they are born so it would be easy for them to make more richer while us who are not rich but has a good mind that would make us rich will be rich someday with continue perseverance to achieve our goal.
Yeah thats right getting rich need to work for it you need perseverance to get what you want and it takes more time to achieve your goal do not in hurry to achieved this because you will be aggressive and that not good in achieving the goal you want.
Post
Topic
Board Economics
Re: The future of the paper money
by
rhed718
on 04/07/2016, 05:17:41 UTC
For me I do not think that there is coming a big surprise for the paper money in the world because paper money will always be the number one paying method for the most people so i do not think you should worry about that.
Post
Topic
Board Bitcoin Discussion
Re: What's your biggest problem with Bitcoin
by
rhed718
on 04/07/2016, 05:14:51 UTC
I think just the transaction confirmation is always the problem with bitcoins, It sometimes takes 24 hours before the transaction finishes, That is my problem encountered except scammers that own hyip sites
Post
Topic
Board Off-topic
Re: what you like best in Bitcoin ?
by
rhed718
on 04/07/2016, 04:25:35 UTC
For me the best thing that i like about Bitcoin is that I can save my money by investing it in Bitcoin. This I am not going to spend any money on other stuff, so it allows me to make and save money at the same time.
Post
Topic
Board Bitcoin Discussion
Re: People hate Bitcoins?
by
rhed718
on 04/07/2016, 03:12:44 UTC
I think People do not really hate Bitcoin but I think that they hate the fact that you have to wait for a long time before you get the chance to make some money. But if they work for it i think they happy in their bitcoin.
Post
Topic
Board Off-topic
Re: Bank or Bitcoin Wallet?
by
rhed718
on 04/07/2016, 03:01:25 UTC
For me i have bank account for my fiat that i invest for long term because it is much secured than my bitcoin which is i have investment but only portion of my money and i will keep it for short term.
Post
Topic
Board Off-topic
Re: Earning a living with bitcoin?
by
rhed718
on 04/07/2016, 02:28:28 UTC
I think earning a bitcoin is definitely possible but it is not very likely right now. There are not many opportunities out there for you to get a living with bitcoin. Because bitcoin is not well known thats why it is good if you threat bitcoin as your other source of income
Post
Topic
Board Bitcoin Discussion
Re: What's stopping people from using bitcoin?
by
rhed718
on 04/07/2016, 02:11:49 UTC
For me I think many people are disappointed with the increase in the price of bitcoin. Well, when they lose, they started selling bitcoin they have and begin to stop using bitcoin, but I guess when the bitcoin prices go up, they will start using bitcoin again
Post
Topic
Board Gambling discussion
Re: Gambling problem
by
rhed718
on 03/07/2016, 12:25:31 UTC
For me gambling has very big problem when can't give up it and continuously losing money for very little hope after this i will get recover all my loses, yes that kind of thinking is very big problem and that is so many people think it is totally wrong.
Post
Topic
Board Gambling discussion
Re: How to play gambling in a smart way?
by
rhed718
on 03/07/2016, 12:23:36 UTC
For me play gambling in smart way you need to follow the rules, you need to gamble for fun and treat gambling as an entertainment. However, if you want to earn in gambling its very hard.
Post
Topic
Board Gambling discussion
Re: Why is gambling so addicting?
by
rhed718
on 03/07/2016, 12:22:23 UTC
I think its because you can easily doubling your money on gambling but the risk is you also can easily lose your money on gambling. I think gambling is makes more addicting when you win much money on gambling and it's make you want gambling more.