Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Birin016 on March 26, 2018, 05:06:16 PM



Title: Learn about Bitcoin
Post by: Birin016 on March 26, 2018, 05:06:16 PM
There are hundreds of coins ranging from major players like Bitcoin (BTC) and Ethereum (ETH), to smaller coins that we refer to as “altcoins.” Each coin is unique and offers their own flunctional use cases. If you’re feeling unclear about what a Bitcoin is, check out some of the resources below.
What is bitcoin?
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator
Work for bitcoin
A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet.
There Are Some Risks With Cryptocurrencies
Like any investment, you should be aware that there are risks with cryptocurrencies. It’s going to take some work to protect your investment and some more work to grow it. Much about the direction that cryptocurrencies will take in the future is in turmoil, and this creates a very volatile market.
Trading is all about taking advantage of this volatility; the key is being smart about your investments, and patient enough to stick to your strategy.

So, think about investment for your future. Do you want take a risk?


Title: Re: Learn about Bitcoin
Post by: cllo78 on April 24, 2018, 08:40:14 AM
Bitcoin is a globally-consensus, active-encryption electronic currency that is a type of cyber-virtual currency generated by a large number of computations (based on cryptographic principles) using specific algorithms. It consists of a series of computer-generated complex code, which is generated through a large number of calculations. Each bitcoin's production and transaction consumption will be recorded through the P2P distributed network and announced to the whole network.


Title: Re: Learn about Bitcoin
Post by: aervin11 on April 24, 2018, 08:49:05 AM
Even entering the market undauntedly, I could say that I lose a lot but still wondering why I ain't got broke. This risky investment would creep your head out but with perseverance to learn and to do better next time, you might realize that this is more of an opportunity. Bitcoin is a proof that cryptocurrencies could be the future fiat, by that, this I think is a great investment idea you could ever discover.


Title: Re: Learn about Bitcoin
Post by: sud on April 24, 2018, 08:54:34 AM
They say no risk no fun! If you only hold you won't be able to earn more bitcoins like you can by trading all those high volatility altcoins. It is risky, but rewards may be worth it. On the other hand if you don't have time or skills for daytrading, holding may be the best option. Each to his own.


Title: Re: Learn about Bitcoin
Post by: Dewao on April 24, 2018, 09:08:30 AM
They say no risk no fun! If you only hold you won't be able to earn more bitcoins like you can by trading all those high volatility altcoins. It is risky, but rewards may be worth it. On the other hand if you don't have time or skills for daytrading, holding may be the best option. Each to his own.

Hold is better than selling, and if you want to gain an instant profits you should trade your cryptos to have a profits.  But in the part of bitcoin it's better to hold it until the price will recovered and reach the highest price.


Title: Re: Learn about Bitcoin
Post by: WhaleTank on April 24, 2018, 09:41:08 AM
whaletank club has all info that you need, also some trading tips


Title: Re: Learn about Bitcoin
Post by: AlekSandRAx on April 24, 2018, 10:54:21 AM
There are risks not only with cryptocurrencies but any kind of financial investments. The greater the possibility of profit, the greater the risk.
There is no safe place for your funds. Not on exchanges, not your wallet (web wallet, hardware wallet, ordinary wallet), not at the bank...
I think we all know the risks of participating in the cryptocurrency business, at least we should. This is not the place for those who do not dare to risk.
But yes, to minimize the risk we have to acquire new knowledge about cryptocurrencies every day, make a good strategy for investing and most importantly, trust yourself and believe you can do it.

Anything is possible here, that is why we love the crypto world!


Title: Re: Learn about Bitcoin
Post by: Denreal on April 24, 2018, 10:59:42 AM
Without volatility in cryptocurrency, there cannot be much gain. Also,the volatility makes it more unique and good for investments. It is more or less like a good, which should be played with every astuteness.


Title: Re: Learn about Bitcoin
Post by: dusunbesemah on April 24, 2018, 11:03:33 AM
Yes every day I read about bitcoin and cryptocurrency to add my knowledge about bitcoin and cryptocurrency in order to master the world, very much benefit if we master the knowledge about bitcoin and cryptocurrency especially in our life


Title: Re: Learn about Bitcoin
Post by: retampan on April 24, 2018, 11:13:05 AM
Trading is all about taking advantage of this volatility; the key is being smart about your investments, and patient enough to stick to your strategy.
There always a risk involved in every business, trading is a small business but you can gain so many profits, while you are taking a risk to lose your money at a certain of percentage.


Title: Re: Learn about Bitcoin
Post by: eye-con on April 24, 2018, 11:14:53 AM
Trading is all about taking advantage of this volatility; the key is being smart about your investments, and patient enough to stick to your strategy.
There always a risk involved in every business, trading is a small business but you can gain so many profits, while you are taking a risk to lose your money at a certain of percentage.
indeed, trading is too risky, but there is a lot of chance that you will gain profit, but you can also lose it at the same time. just like in normal business, you gamble everything you had provided in your business because you believe that you will earn from it.