Paypal is an excellent payment system. It has been working for many years. But Paypal very rigidly watches that people do not use it in illegal schemes. Often people themselves are to blame for the fact that their account is blocked
Investing in bitcoin was risk in the past when people were new to it and were not having enough faith in it as at that point they had fear of loosing their money in it but now after looking the growth and success of bitcoins I don't think there is any risk of investing money into it.
Now the risk with bitcoin have decreased much, but at the same finding a trusted investment platform is simply a hard task for the users. Because these days understanding the potential of bitcoin and the user acceptance lot have involved into scam attempts and get the people's money in the name of investment. So this need to be overcome while making a good bitcoin investment.
I disagree with you. There is a risk. Crypto currency always carries a risk. We can not guess what will happen tomorrow in this system. But I'm sure that investing in bitcoin is safer than investing in HYIPs.
Banks are not going anywhere even if bitcoin gets on the mainstream there will be many people who will prefer to use banks and save their money in it as they feel that banks are the most safest place to save their money which is actually true.
Well, it will not change even in the future. Banks are trusted by the people and it gives insurance to your money so people are not worried anymore. However, it does not give you a good interest than holding bitcoins alone, but it's a person's choice on what make him comfortable.
I agree with you, banks are a habit of people. They are used to using this system and they do not want to change it. They just do not want to believe that the bitcoin system is much more convenient and cheaper to use
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Re: Daily use of bitcoin?
by
tango99
on 25/04/2017, 04:26:20 UTC
Now I use bitcoin for investment only. I have few coins, so I do not want to use them to buy pizza or coffee. I am hard working for them. I better leave them for the future.
bitcoin is a p2p currency. the only way it can die is if people stop using it
As of now i don't think so that bitcoin can die because people using bitcoin are many and almost day by day users of bitcoin increasing because of socail media we spread the good news about bitcoin.
I agree with you, bitcoin is such as innovation of payment system that really good. I do not think that people will leave bitcoin. and also bitcoin price is keep increasing so it can attracts more people to use bitcoin.
I think that the real enemies of bitcoin are the government. It can make it so that people stop using bitcoin because of big taxes or other restrictions.
Invest in a trusted site invest your bitcoins there and then it will earned a capital even you do nothing while investing you can do mining or gambling to have time to earn another that way you can bitcoin in a great ways and multi tasking way.
Investing money in cloud mining and gambling is very risky. In gambling there is no guarantee that you can profit and In cloud mining we cannot know how long it will last. I would prefer investing in trusted ICOs or trading unlike in that two.
Yeah although all forms of investment have risks, at least we know how much risk faced. I think gambling is not an investment, and cloudmining says it runs actual mining it does not matter although it takes a long time for ROI. But most of the time cloudmining is HYIP on behalf of mining. Better to hold bitcoin in the wallet, and may be occasionally used for trading. Thank you
Cloud minning is a total scam and such sites are made to scam people one day or the other. Gambling is too much risky to try. I only trade in bitcoin/ altcoins and get good ROI. I also think that trading is the only legal way to earn bitcoins, although it requires skills to be a good trader.
Yeah cloud mining plus its companion HYIP are total scam. Many newbie thinks that it is one great way to make bitcoin but we are all wrong about it. I've been a victim of those investments and scammed my first earned mBTC for thinking that they are legit. But upon experiencing that scam, it taught me a lesson that it was a real scam.
You cannot blame newbies for that as even we have made a mistake of investing in those sites when we were newbies hoping to multiply them quick and now we got our lesson so in the same way other newbies will also get aware about it.
I was also a newbie and invested in HYIPs. This path was probably passed by many. Now I understand that it was stupid. In order to get bitcoins, you need to work or invest in reliable projects
Is it better to save money in bank or invest it online, in real estate or maybe gold?
It's better to invest your money than storing it where in its value don't increase. In my opinion, it's better to invest in real estate since its value grows faster than gold.
Hold still being a good decision everytme. investment is not easy as you said. It need a lot of skill and experience to get the right place to invest your money with low level of risk for yourself.
Yes, now it is very difficult to find a good project. Many scammers have learned to make projects very believable. This complicates the choice. But investing in real estate is a very good idea
Every time, for as long as I remember, that I go on bitcointalk, everyone keeps posting "BTC IS DEAD" "SELL" etc... And then a few Sr/Hero members come and explain how thats wrong.
I just don't get it.
Aren't we used to the price fluctuating by now? Whats with all the crying/moaning about price bubbles, crashing, inflations, Russia, China blablablablablablaaaaa!
Jeez... Do some research before posting, I saw one post which got LOADS of attention, yet the first post was done by paint, with an unlabelled graph which showed wrong data!
This is getting to the point where we are affecting newer members or gullible people into selling/dumping all their coins instead of keeping them. I mean when I come on the forum, I see that its crashing, why would I buy in?
I think we need to stop giving the panicking people attention and focus more on positive sides.
They are just trying to spread rumours and make new investors panic thereby forcing them to sell their bitcoins at very low prices.The big whales who spread the rumours would buy those cheaper bitcoins.
I don't think that people will get panic anymore as they are well aware that even if price drops it will only on a temporary basis and in long run the price will surely increase so I don't think that people will entertain those rumors now and will sell their bitcoins at lower price.
Only those who have recently entered the bitcoin community do this. And those who have long been following the price of bitcoin perfectly understand that bitcoin can not die right now. He at the beginning of his development
Saying the price of bitcoin doesn't matter is a lie. There is a cost of acquiring bitcoins. Only a fool or a very very rich guy would think otherwise.
I agree with you. Price is a very important criterion. And for everyone who has several coins the price is very important. Everyone watches as bitcoin becomes more expensive or cheaper
The best way to explain it is to make a good statement rather than making a long and very technical definition that is hard for the reader to understand. So here is my explanation " All trading is an investment but not all investment is trading". It simply means that even trading itself is considered as investment. But investment has many forms aside from just trading, it could be investment in networking, loans, business and many more.
You defined it as a comparison that a good definition. But if people need to decide on choosing between trading and investing they also need the similarities of the two. In every trading and investment there is always a risk and one should always have a source of bitcoin before starting one of these. So for further decision it always depend on the people will choose. Because it is better to do things that you really like to do for you to do it with your best and to earn with no problem.
You are right, it is better to do what you like. Some hate trade. Therefore, it is better for them to invest. The difference between trading and investing in risk
I have an idea for a website that will attract many visitors. I will need to put a lot of effort to build it, but then it will run (almost) by itself.
What will be the best way to convert it to some passive income? Advertising? Affiliates? VIP registration? How much should I expect to earn from it?
For me I'd rather choose for advertising, Because if you have your own sites, you are the boss/owner, you can do whatever gimmick you wanna do to attract customers to your business. But you only need to invest anyhow with the business that your gonna build it here.
Just owning a website is not enough. We also need to develop it. To make interesting. To select information. And it's very difficult. This can not be called passive income
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Re: What your plan in the FUTURE ? Or what yours DREAM?
My only dream is to live the life I want to live, not the regular one. You understand what I am trying to say I am sure.
Perhaps you are trying to say that dreaming is harmful? All dreams are a waste of time. And who wants to, he has long made his dream come true. I now dream that I have the patience to learn new things, to learn to live, and not just to dream
Life is hard because those who (women) gave birth to us are hard & deceptive.
Most of them are never contented & truthful to themselves & to other's. So, the desire to cheat & become rich/famous revolve around in our gene.
Thanks
Not everyone is like that. Everything depends on how a person perceives the world. Someone can blame others for all their problems, because he himself does not want to do anything.
Totally agree with you. There are many people who are only willing to hate others. They complain about life, but they are too lazy to do something. They are just too lazy to get off the couch. They like the role of a loser
I am not an expert, but I think blog commenting, forum posting, e-mail marketing, social media.. That is what I use for my blog, and will go on using for my future forum ( made with https://www.templatemonster.com/bbpress-wordpress-themes.php ). I want to try guest posting, but have no single idea what to start with.
This method I think is already outdated. Only social media sites like facebook, youtube or twitter is the best method to advertise your website and you can even target specifics audience on those social media sites I mentioned.
I agree with you - on social networks you can very quickly promote the site. There are even special pages where you can post links to your site for free. And there are programs that send out spam and make publications for the target audience
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Re: Save you Bitcoin for your (grand) child / children?
Why not if we can do it why shouldn't we it is just like helping them for their future expenses so why shouldn't we do it if we could save some.
I work very hard for my Bitcoins, why should I save my Bitcoins for other people to use when I could use them myself?
First of all, we need to use for ourselves because we are working for this. Well, if there are a few coins left, it will be possible to give them to children.
I agree with you. If there are a few extra coins, you can leave them. But all my life, save and limit everything in order to buy bitcoins for children is meaningless. You need to live here and now
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Re: What's your favourite country?
by
tango99
on 19/04/2017, 15:36:18 UTC
I love Japan. Very beautiful country. I only went there once, but I want to go there again.
Theres a little panic selling thats happened this week thats why bitcoin price go down. But its not enough to make bitcoin price to go down deep. A normal strategy to make profit in a short period of time.
We should not get panic and at that stage we should try to buy as many coins as possible by taking an advantage of price dip so that it can give us an opportunity to accumulate more number of coins at lower price and sell them when price goes higher in future.
For the bitcoin, when there is panic selling and the price drop a lot, I will buy more and have made some profits since.
There is a lot of whale that just waiting for the big dump so that they can bag more of it. There is no need to panic selling if you are just a small volume order because they are many backup out there that willing to support bitcoin. Don't treat bitcoin as regular cryto currency out there that has a very volatile price.
Short term fluctuations should not make you worry of loosing your money as its a common practice in bitcoins so even if price starts going you should hold your coins and wait for the price to bounce back instead of getting panic and selling at lower price.
New investors will easily get panic when they will see price going down and will start selling their coins but those who are familiar with bitcoin and using it since long time will never get panic and will hold their bitcoins and wait for the price to rise again.
You are right - some newcomers very easily fall into a panic. They are not used to seeing such price fluctuations. This is the old crypto currency users already know that the difference of $ 100 for 24 hours is normal
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Re: How many Bitcoin do you have saved?
by
tango99
on 17/04/2017, 20:15:55 UTC
Now I have only 3.45 bitcoins. It's still very small and I plan to collect a few more coins. I'll just keep them. And the rest - I will spend
Right, now bitcoin has been started to recover its price, and soon bitcoin give us good news. Because i want to see bitcoin above $1300, may be in the end of April, we will see bitcoin come at $1300. But i keep in mind, may be bitcoin give us uncertainly surprise about its price. I mean may be it is possible that we see within month bitcoin suddenly going to done.
Yes, we are all waiting for the big surprise of bitcoin value we hope for great amount of it. So incipite of having high value we hope it has good reason so it will not crashed down.
He already has good support from the users. Every day thousands of people will know about the bitcoin. And every day in bitcoin invest a lot of money. This gives hope that bitcoin will not collapse, but will grow
Indeed, bitcoin is constantly growing and what drives people to use bitcoin more and more and always believing in it is the price so as long as the price is high and always going up and a purpose for people to always use it, the bitcoin will always progress and overcome all the obstacles, and we already seen it go down to low prices and then skyrocket again.
yes no doubt that the popularity of bitcoin is increasing too much and hope that very soon all the peole of the world will be using bitcoin for completing all their need and purposes.
Yeah we want that bitcoin should reach to each and every corner of the world and that will help in taking adoption to higher level which will have direct and positive impact on the price of bitcoins.
Everyone wants the price of the bitcoins to grow only upwards and never fall. But this is impossible, because sometimes we get bad news. And because of the panic, the price goes down. This is a normal process for cryptocurrency
I am not spending my bitcoins at a moment in real world as there are no shops in my area that accepts bitcoins so I am spending them only on trading sites as the usage and acceptance of bitcoins is very limited in real world at a moment.
If you cannot spend them directly then you can sell them and convert them to fiat currency and the better option would be to have bitcoin debit card as it can be easily used at online as well as offline places for buying anything.
Yes, you are right - a debit card is very convenient. Thanks to such a card, you can order goods via the Internet. But some people do not want to spend their bitcoins. They believe that soon the price will become very high. I also believe in it and do not spend bitcoins