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[neucet]

i just wonder can we rely on bitcoin in our everyday life. what are possibles outcome will do. if Bitcoin will be the currency of the future, can we adopted to it or it easy to have money in your pocket to purchase.

 

[tusziget]

Did you see the market today? The price has really gone up and many people might have invested heavily thinking of high returns. But, the fluctuations are unpredictable. I invested as little as $400 in July. I'm selling the profit bitcoins every time the price goes up and always keep bitcoins equivalent to $400 in wallet. Till date I earned $200 profit. Hope for the best.

Till now,I have never thought about that Bitcoins storing method.It is really a good idea,to keep an equivalent of the seed money,that you have invested in the wallet,and sometimes to cash out the profit.It is an excellent idea,and I will use it.Thanks for the tip.Well,I never have bought Bitcoins before,I have collected them with faucets etc,but I intend to keep some of my satoshis in my wallet and sell part of them,when the price is higher.

 

[way2earning]

Till now,I have never thought about that Bitcoins storing method.It is really a good idea,to keep an equivalent of the seed money,that you have invested in the wallet,and sometimes to cash out the profit.It is an excellent idea,and I will use it.Thanks for the tip.Well,I never have bought Bitcoins before,I have collected them with faucets etc,but I intend to keep some of my satoshis in my wallet and sell part of them,when the price is higher.

Yes this is how we should use cryptocurrency for cashing out profits. Please research about the exchanges available in your country. But remember that not all exchanges are good and genuine. Once you find it then go with smaller amount like $50. keep it in your wallet and observe the market for few months. Don't be panic if it drops. Once you get the profit of 20-30% you should sell it. You can either keep profit in your wallet or withdraw to your bank.

 

[reyronaldo]

Can we rely on Bitcoins? This is a very hard question to answer. It also depends on how we understand 'relying on Bitcoins'. Could the question simply mean bitcoins your bread and butter? Or are we talking about relying bitcoins in trading and how stable it is as a currency?

If you choose the first re-phrased question, it could yield three possible answers. It could be 'yes', since we all know some people who rely on bitcoins changed their lives for the better, or it could be 'no', if it worsens or make your life miserable. Therefore, careful planning and making wise decisions must come into play to appreciate its importance. Or you would probably choose the answer 'maybe', as we don't know exactly what will be its true and lasting impact on each and everyone's lives. Each one has his own path to take and it doesn't mean that when one becomes successful, so also with the rest who follows him.

Now, if you choose the second re-phrased question about its reliability in trading or crypto exchanges. My answer will be it is highly reliable. The fact that bitcoin existed for 7 years already since, its introduction to the online world makes this currency gain its worldwide support and recognition. What makes bitcoin to be special is the fact that this coin is rare and useful. Rarity and Usefulness are the key characteristics that will determine the value or price of a thing and a good example is gold. We all know that gold is not easily found in the earth's crust, it needs to be mined and its scarcity makes this more valuable. Also, when it comes to its usefulness, we often see it worn as an adornment or as a jewelry. The same thing also with bitcoins, they are rare, they are mined up to the limitation of 20 million only (cap). It is also useful, since, bitcoins can easily be transmitted fast and easily. Bitcoins also can easily connect with people all over the world as long as you have the computer, internet, and electricity.

Well, the only thing that I think is not worth reliable for bitcoins is its security. We all know that what has been created online can be stolen online. Meaning, this cryptocurrency is susceptible to online hacking, pishing, pharming, etc. The only way you can save your bitcoins is to invest more on high level security, like buying Trezor or saving it on a paper wallet. Unfortunately, I don't think this is practical for any average man.

 

[Yugocean]

We cannot really relay on bitcoin because it is virtual currency and not exact something. But we can start some encourage by purchasing from marchents who really accept bitcoins. Even Amazon is now accepting bitcoin.

 

[reighn]

Yes,it is good using cryptocurrencies for online transactions,paying attention to pay the less fee as possible.I don't think though,that real money can be replaced by cryptocurrencies.Or maybe,in the far future,when cryptocurrencies will become very popular and known by everybody all over the world.Yes,you are right about how to store safely your Bitcoins.It is better to store in an offline wallet your Bitcoins,if you have more of them.

but bitcoin actually is a good investment. so far I think there's some people still not know the value of bitcoin, like me. LOL. If I didn't find this site, I think I'm still ignorant about the value of bitcoin. thanks to this site.

 

[xXInfectedXx]

Some people rely on bitcoin as they are millionaires. They invested back in 2012 when the value was low. You can still rely on the currency now by claiming faucets now and if you claim enough - you can earn a passive income with BTC.

 

[Yugocean]

Bitcoin will do where bitcoin exchange for basic goods is acceptable, like Amazon; however relying on it is out of question because it is very hard to earn satoshi; I think we must not relay on one coin only.

 

[tusziget]

If it is about earning from faucets,you are right about it.But if there are other methods,like there are some offers in the Marketplace it is possible to exchange and to have more cryptocurrencies in your wallet.

 

[Lovely]

I think it will be better and we can easily rely on it .it will be easier and makes life easy too that's if we can still get it free off faucets the way we have it now.it will be just claiming and buying things with it. I'm longing when my country will start accepting Bitcoin in stores.

 

[tusziget]

In my country Bitcoin is accepted at different ATM,it is possible to pay bills at those type of ATM,recharge the phones and many other things.I think very soon in al countries there will be Bitcoin ATMs.

 

[Lovely]

I hope this get to my country soon,they are yet to even recognised it as a currency to be accepted for payment,we still have to exchange to our local currency to be able to use here,I'm believing it will add more value to our economy and reduce the concentration of wealth in few hands.

 

[tusziget]

I think that the digital currencies have a great future.Technology is the future and so the cryptocurrencies too.As we have seen throughout the years,some cryptocurrencies have a strong foundation,and we can very much rely on them.

 

[Yugocean]

Now people have started relying on bitcoin; many countries and online marchent are accepting bitcoin as source of transaction. All other cryptocurrency already relay on bitcoin for their price value.

 

[tusziget]

Other cryptocurrencies has attracted attention also,due to the big rise in value of the Bitcoin.Many people were attracted to cryptocurrencies due to success stories,how many people gained a fortune from doing Bitcoin transactions.Many people are relying on Bitcoin,as it is there main source of income.

 

[mcjerry]

Bitcoin is convenient but it is full of risk. IT's rate is not stable so we can be in loss if it's value goes down.
But it gives us facility that we can send money to anyone at anytime through our phone or laptop. It will be currency of future but still people will prefer their country currency.

Yes you are right. It is still better compare to cash. It is easier to buy online with a very low transaction fee. Unlike other wallet like PayPal, perfect money and others, they 1% or more

 

[mcjerry]

I wouldn't rely on Bitcoin as a source of income or livelihood. Well, as a hobby, earning Bitcoin is fine.

Bitcoin is not really a business. It is also currency as dollars and pounds are. Only that you can turn bitcoin to an investment by practicing what we call bitcoin HODL

 

[overcast]

I think if the bitcoin goes above 10K and stays there for 5 years. That would definitely be reliability for short term. And also that would cause many other currencies to work around with increase in price. I have seen that happening most of the time. I do however have noticed that bitcoin takes a lot of attention and so in future who knows exchangers may start tracking.

 

[cryptohub123]

Yes , we can rely on bitcoin , but it has some risks involved too because the nature of bitcoin is always fluctuating in the price. In some countries or shops , they accept bitcoin as payment method. It's more convenient than pocket cash because everything is anonymous and online.

 

[Feret]

This is a difficult question, since everyone expects bitcoin for their goal, but still I'm not sure that you can rely on it 100%, because even investing in it does not guarantee profit, it is an unstable currency.

 

[Josemendez]

If it is for use as real cash the the answer is no as it has not been given a general acceptance.
But for online transaction, then the answer will be yes as it has been accepted for online transaction.