The reason that keeps me from investing in bitcoin - page 21.

mk4

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Quote from: AiWanChu on July 12, 2017, 10:17:13 PM

dont buy bitcoin if you prefer to live in poverty

Can you at least tell us why?

It useless saying such statements without reasoning why.
Anyway, why would we live in poverty if we invest in bitcoin? There's a reason why you only invest what you can afford to lose. Simply so that if ever bitcoins lose value it won't affect you too much.

Quote from: alexsamudra on July 24, 2017, 11:42:27 PM

The higher the cost to do bitcoin investment, is there any other way to reduce the usual investment.

Can you be more clear? I(and probably most people here) can't understand what you're trying to say.

Prodigan786

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If your really looking for long term investment bitcoin is best to invest you also look into some altcoin as if now till august first hard fork then you can convert your altcoin to bitcoin for long term.

alexsamudra

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The higher the cost to do bitcoin investment, is there any other way to reduce the usual investment.

Core.BUSTER

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Quote from: Bagaji on June 29, 2017, 07:17:27 AM

Investment in bitcoin or crypto currency with your spare money to me is the best option as compared to keeping your money in the bank without any additional intrest on your money. This is because bitcoin or crypto currency is the future in terms of investment. You can equally invest in some other currency that are at the ICO level before the lunch.

Indeed. The main reason why that keeps me from investing is the price of bitcoin and I know that if I invest now there is a chance that I would become millionaire or billionaire in the future. In addition to that, I agree that investing is the best option that keeping your money in bank and in bitcoin you can a sure that you could make and earn a high income.

senin

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Investing in bitcoin is a good scheme for obtaining a decent profit. It is enough to buy bitcoin and it will bring on average 150 Indeed, what kind of depression can there be, if even ten days before the first? However, the latest news with scaling is pretty optimistic.

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Quote from: TravelMug on July 12, 2017, 09:36:26 PM

Quote from: Pleione527 on July 12, 2017, 09:31:58 PM

I witness the tremendous increase in the price of bitcoin for the past years and I regret that I failed to hold some before the price hike...now I tried to invest little by little and hoping that bitcoin value will still continue to grow and hoping to have a good profit

You are not alone. Some of us even lost bitcoin along the way. But the important thing is we are still on it. Buying and holding because we truly believes that the price will exponentially rise in the future. And getting little by little is a good strategy to accumulate in time. I'm also a firm believer of this method that's why I'm getting few here and there if a can.

Well I see it that bitcoin can be invested in long term that's why most of us here kept the good investments with bitcoin for so long and never give up. Eventhough there were time you wanted to sell, but you kept on holding prior price will hit the top. So wait for several months and even years the price will increase from time to time, there's no regret at all and you will really be happy with the results in the future.

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Meh.

Quote from: AiWanChu on July 12, 2017, 10:17:13 PM

dont buy bitcoin if you prefer to live in poverty

What does that even mean? Lol. You have no idea about his current situation or how much money he has or is worth right now, you have no clue really. There will be plenty of chances in th coming years for people to invest but by not investing doesn't really make you poor. Weird logic you got going there..

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Quote from: Hhampuz on June 29, 2017, 06:35:09 AM

Fee's are being worked on as we speak and we'll surely see a fix very soon.

Just last year the fee's were a few cents for sending any emount anywhere. That's pretty neat and how it should be. But then again if you are looking to invest you should be getting in to BTC. If it's money that you don't need for the next 2 or 3 years I don't see why fee's are an issue for you. Buy BTC, secure it and then forget about it for 3 years. I am very certain that you'll be rich after those 3 years.

The point is Bitcoin is always developing its system in terms of transaction, fees, value or even in security. Making peole choose Bitcoin more as an option on daily transaction or in investment itself. But the truth is Bitcoin is relatively developing as it's start making a name on the market. So its better for us to trust and to embrace the system of bitcoin on a more professional case just like investment and trading. Just look and set a goal to earn and no doubt that you could possibly achieved it.

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Bitcoin investment does have a big risk, can be very harmful and can be very profitable, I only think about the big profits, but of course still with reasonable consideration, I still will consistently say that bitcoin is a very promising investment

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dont buy bitcoin if you prefer to live in poverty

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Quote from: TravelMug on July 12, 2017, 09:36:26 PM

Quote from: Pleione527 on July 12, 2017, 09:31:58 PM

I witness the tremendous increase in the price of bitcoin for the past years and I regret that I failed to hold some before the price hike...now I tried to invest little by little and hoping that bitcoin value will still continue to grow and hoping to have a good profit

You are not alone. Some of us even lost bitcoin along the way. But the important thing is we are still on it. Buying and holding because we truly believes that the price will exponentially rise in the future. And getting little by little is a good strategy to accumulate in time. I'm also a firm believer of this method that's why I'm getting few here and there if a can.

But then we must take note of the possible things that might happen few days from now. Take time to analyze what will happened before buying and selling bitcoins today.

https://bitcointalksearch.org/topic/august-1-bip148-preparedness-2017191
https://bitcointalksearch.org/topic/guide-handling-splits-uasfs-bip148-etc-2012799

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Quote from: Pleione527 on July 12, 2017, 09:31:58 PM

I witness the tremendous increase in the price of bitcoin for the past years and I regret that I failed to hold some before the price hike...now I tried to invest little by little and hoping that bitcoin value will still continue to grow and hoping to have a good profit

You are not alone. Some of us even lost bitcoin along the way. But the important thing is we are still on it. Buying and holding because we truly believes that the price will exponentially rise in the future. And getting little by little is a good strategy to accumulate in time. I'm also a firm believer of this method that's why I'm getting few here and there if a can.

Pleione527

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I witness the tremendous increase in the price of bitcoin for the past years and I regret that I failed to hold some before the price hike...now I tried to invest little by little and hoping that bitcoin value will still continue to grow and hoping to have a good profit

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Well there is a wide speculation that the price of bitcoin will rise in fees years to come prompting me to keep holding little by little, we are all aware of the price few years a go people who held their bitcoin had made tremendous profits. Investing in bitcoin is indeed straight investment without any middle men involved.

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Quote from: Gouverne on June 29, 2017, 04:52:16 AM

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

I think you are right that in the future, bitcoins will only be used for large transactions because of the fees. It apparently doesn't hurt bitcoin right now because the price keeps going up. This leaves small transactions for fiat but it's also possible that an altcoin will become the main coin for small transactions. The question is which altcoin(s) will take that role.

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Quote from: ximply on July 09, 2017, 09:02:00 PM

11/25/2015 i managed to buy Bitcoin at $298 but its my mistake that i was not able to buy more. Now the price is at 2,500 and im buying more now. What an silly decision then. Fo who know two years from now again and the price will shoot up again.

We are on era of revolution digital currencies in the internet, however bitcoins is still new not many people around the world who know and use bitcoins for payment daily or be considered as instrument of investment, so there are chance bitcoin's price will be more expensive than today, even there is prediction bitcoin's price will be $55.000/BTC in ten years later. Today is not too late for buy bitcoins for long time investment.

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Quote from: Gouverne on June 29, 2017, 04:52:16 AM

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

Scalability issues will be solved obviously, it just matter of time. People expect bitcoin fees will be normal again according to transaction bytes and suitable for micro transaction in the future, and it may happen if block size increased.
If you willing to hold bitcoin for 2-3 years later, then it won't be a problem as bitcoin should reach another peak over $5000 I guess.
No doubt about it as bitcoin has proven its value increase over time because more people keep coming and support for its development and usability.

Seeker01

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The reason why i keep on investing here in bitcoin because i believe on it, i know that bitcoin will help me build my future and no doubt this is really a great opportunity for everyone to make more money. the price today are still cheap buy more and enjoy later on.

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Quote from: EthBooksPro on July 10, 2017, 05:17:43 AM

If you are looking to hold for 2-3yrs, the current fees should be the least of your worries. A solution to the high fees will be found sooner or later, and the price will keep rising. So, if you believe in btc and the underlying technology, invest now and forget about it for some time. Might be worth it.

Yes. I think it will be resolve in few more days months or year. Bitcoin transaction fees is too much big now and we sometimes get mad because of it. I keep on investing because i really believe in bitcoin i know that it can helps me a lot not only now but in the future eventuall. So keep seeking bitcoin.

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Quote from: haroldtee on July 12, 2017, 06:40:38 PM

The fee is just a temporary issue which would be fixed with a successful upgrade. Moreover, since you will be leaving your btc for long term as an investment for almost 3 years, I see no reason why the fee should be a challenge for you. Just make sure you don't put all your eggs in a basket though.

I think this upgrade isn't sufficient on long term. The number of Bitcoin adopters don't stop growing and at some point another upgrade will be needed and all the drama will start again... But for now the news are good, the hardfork probably won't happen and there are some optimistic predictions about BTC price that could increase about 50% in relation with the currently price after August 1.

It's a good idea to invest, but don't to forget the money for 3 years, better to always check how the market is doing.

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