Thats ture, but it alsod epends on how much. So when you spend 2011 hundred dollar of bitcoin and hold it, you can make much more profit instead when you spend 100dollar of bitcoin on early 2017. But thats the problem we all have, finding the right time to invest. On the early of bitcoin, no one trust it, no one know what it was, and thats why no one invest in. And now we all regret. But for me it was a good lesson that i should be more open minded for new technologies! It's actually depends on the investor. If His goal is short-term or long term. And yes, it's all about how long you had invested your money. If you get your profit right away, you might get lower than you expected. But if you can for half a year, you can get more.
Wow, man. I think you misunderstand something in here. You must know that both things are very important. The time that you spend to invest is very important. But in the other hand, in my opinion, the amount of money that you invest is also very important. That is because, when you have already invested so much money right now, but you just wait it for like 1 month, that you will get nothing. In the other hand, if you already invest 10 years, but all the money that you invest is just $100, then it will be nothing and it will be not worth it for the long time that you already invest. You must be already understand the clue that I talking about right ? So the best way to face this problem and make a correct decision for the amount of money that you use to invest, and the correct time that you use to invest. I think I can only give you some advice through my experience and my knowledge according to the time that I have spend to learn Bitcoin. Just collect Bitcoin as much as you can, and wait it as long as you can until you get profit. |
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I think everything new to people is controversial, people are always scared to something new so i think its normal that bitcoin is controversial especially it has the potential and it will really affect the economy of ones country.
I think Bitcoin is indeed controversial to new people and new countries. That is why there are some people who do not like Bitcoin and there are some countries who block Bitcoin. That is very normal and understandable. I also have that feeling too when I first know about Bitcoin. I was afraid of Bitcoin whether to invest or to collect it. I once have a job that pays me with Bitcoin, it is an online job of course. And that is quite good job. Even though the payment is pretty enough, but I can invest with it into Bitcoin. But you know what ? At that time I was too scared to invest Bitcoin. The price of Bitcoin was still around $400 at that time and I was very regret, hahaha. I wish I could save some Bitcoin at that time even though I have to use my salary. But I cannot blame myself because at that time I currently have to pay school fees so it is okay for me I guess. This is so useless if I keep regreting and not doing anything. I have to keep moving forward and use this opportunity to invest and keep collecting Bitcoin. |
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The most important thing is to have a bit of both, you have to have a good strategy to get good profits in trading, but you have to have a great intelligence and understanding of the economic environment to make good decisions.
It is always depend on the thing that you do, and the job that you working on. If you do trading, I think you will need both. But I guess, in my opinion, both things between smart and strategic is no different thing. Just like you said above. Smart is not enough, and when you smart, I think you already have the strategy. But not all people can be smart, there are also people who are not smart enough but they can make quite good strategy for trading. There are also people who also think that smart people are taking too long time to think. But in the other hand, the fool and stupid people will take action very fast and make profit. I cannot say that because there will always condition and situation that we should take our attention. If you do trading, I think I can only give you this one advice, whether you like it or not, and whether you smart or strategic person. Do not put your emotions in trading. For example, do not get greedy when you get a lot of profit. In the other hand, do not get lazy and down, when you lose money. |
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As in the above quote countries doesn't have intentions to ban the cryptocurrency usage, but they fear because of the features it has got when compared to various other digital assets that has got value in the market similar to stocks, metals and other investments. Being decentralized is the good thing it has got, the same is serving as a negative for the growth and government denies support.
I think legalizing Bitcoin is very important especially for some small countries. That is because I think, in my opinion Bitcoin can give that country a little freedom of financial. That is a good thing because the price of Bitcoin is really high if we make it into the country's currency. For example like dollar, that is why a lot of small country and countries in Asia are really crazy about collecting Bitcoin and other cryptos. But that is not just that. Actually, they do not just collect Bitcoin and other cryptos, but since the beginning of the time, they are already crazy to collect dollar, euro, and some of big country's currency by doing international jobs. It is the most simple yet the most effective ways to make small countries rich. Legalizing Bitcoin in some developed countries will do a great significant because people will start to use Bitcoin as the development of technology. Just like smartphone, drone, website, online business, and free market. Bitcoin is one of the way that give people freedom in the term of transactions and financial freedom. That is why this kind of thing is so important for some middle age people and some poor people. |
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At this point we should be optimistic about its price, although prices are currently very low. but i hope it will recover and thrive in the future. Everyone should not worry and bewildered. I think it will be good for you in the moment if you keep it patience it back. By and large, the value of bitcoin has not yet been evaluated as expected. Attacks on this currency are conditioned by unwillingness to understand the problem.
I actually do not know about other people, because I cannot read your mind, hahaha. But if you ask about me, I will keep positive about Bitcoin. It is always makes me afraid honestly, when the price of Bitcoin started to fall. I do not know when the price of Bitcoin will be back up again. And all I can do is believe in Bitcoin because I invested pretty much money into Bitcoin. In this side, I want to collect Bitcoin as much as I want when the price is currently falling. But in the other side, I want to make profit by waiting the price of Bitcoin to go up. I always afraid that the Bitcoin will disappear someday. That is because I do not take any profit from Bitcoin yet. All I can do is pray, and hope to God. What do you do when you already have invest so much money into Bitcoin ? You will do exactly the same as me, I guess, hahaha. This is the unique thing about investment. And I also confuse about focusing on my current business in real life or keep collecting Bitcoin like this. It is actually quite stressful sometimes. Hahaha. |
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I also think it is not advisable to sell bitcoin at this time. It is a waste if we continue to sell bitcoin at low prices. As a wise businessman, you should buy bitcoin in your wallet as much as possible. This is the most effective way for you to get the desired return in the future because I am confident that bitcoin will increase the price that we can not predict.
It is actually always depend on the amount of money that you have and the amount of Bitcoin that you hold. It is also depend on the how long you hold your money and your Bitcoin. First of all, if I were you, I will never sell Bitcoin if I do not get the profit yet. Second of all, I will never sell Bitcoin if I am not in the middle of emergency situation where I really need money. The third, I guess I will just sell my Bitcoin when the price of Bitcoin already reach my target. And of course when the amount of the Bitcoin that I had already reach my target to realize all my dreams. So it is not always a bad thing to sell Bitcoin or idiot thing to sell Bitcoin. It is always depend on what you have and what you already done. It is also depend on the point of view that you use to see Bitcoin. Some people believe that the price of Bitcoin will get more and far more higher than this, so they do holding for long-term to get profit. But there are also people who hold Bitcoin because they rich enough. |
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On the Internet, there are not so many ways to store your electronic savings, I chose bitcoin for myself, it is the most convenient for me and no one can block it, as banks and other payment systems often do.Convenience and ease of use, minimal commissions also attract me in bitcoin.
I think the most simple way to put this into words is that because the price of the Bitcoin is always increasing. Even though the price is currently down right now, but I believe it will eventually get back up again just like last years. I have a big faith in Bitcoin, and this is not a blind faith. I take this investment very seriously (I think everyone do that, hahaha) and I do it because I already know about Bitcoin for some years. But do not get me wrong because I still feel afraid sometime because of Bitcoin. Even though I have already know about Bitcoin and the crypto world for some years. I still have hesitation and doubt when the price of Bitcoin start to fall. In my opinion, I think everyone who invest in Bitcoin will feel the same as I do. But that is the thing about investment. There is not such thing as certainty in this world. We have to keep fighting and keep our faith. Long term holder and the true holder will start to understand and have better words to say than this, I guess hahaha. I hope I will get the profit from Bitcoin soon. |
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Bitcointalk Username: mx667
Rank: Full Member
Current Post Count: 947
BTC Address: 1MdAKad8UreZFNyDzcMFX7CqYP2DRn3gFq
ETH Address: 0x19D9E1d2fEe9ECb6495Cf9021c477E7Dc62A01c3
Wearing Avatar and Personal Message: Yes
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Those fairly good points by Warren Buffet and off course who will not agree on that one. Its states only one thing to me that if you are willing to work hard today and if add time to it then you will surely get the profits tomorrow for your efforts and time that you blended yesterday. Great sayings : "Someone is sitting in the shade today because someone planted a tree along time ago." This one excited me more to read all the phrases twice and they touched me. I am thinking about my family and mostly about children who will benefit from my deeds today and I think there is nothing good than that. If I work today, stay calm and wait for the right time then I can make better world for them too. Yeah holding just got better.
It is actually depends on the coins or cryptos that you hold. If you talk about some new Altcoins that you get from some ICOs, then I cannot guarantee you with that. I think I can only suggest to hold some certain cryptos like Bitcoin, Ethereum, Litecoin, and some few others. It is depend on each person and each coins that they invest. Just keep learning, and keep studying about the crypto that you invest. I currenctly holding Bitcoin and Ethereum. I am very sure and convince that the price of Bitcoin will go up sooner or later. But that is okay because all I want to do right now, is to invest and collect as many Bitcoin as I can get. |
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Dash, NEM, XMR and XLM already long time ago in the market and the price was give huge return for swing trader, These coins has big volume and market cap, so will be any chance for the price going up multiple times. All these coins also tradeable in many exchanges so will be many trader has opportunity to trade it and get liquidity price. I will invest in any of the falcons that are in the top except the ones that were not there in the last 6 months that way you avoid buying the coins that have pumped recently and you avoid overpaying for it before it corrects, once that happens you can buy them for a good price.
If you want to invest something in Altcoins, I think can only suggest you some popular Altcoins besides Ethereum. For example like, Dash, Zcash, Litecoin, and so on. That is because those popular Altcoins already prove us that they can guarantee our profit. Unlike some new Altcoins and ICO that still uncertain. I do not want people to be fooled again by similar SCAM program like BitConnect. I think in this new age and era, you are fool if you still get lose by some PONZI scam program that is similar to Bitconnect. If you want to do long-term invest, then I will suggest Litecoin is good for you. But if you want short term invest, maybe others. |
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Why most of Traders have bad psychology of trading they keep lose more and more and can lost his account and they left quickly when operations is winning?
Emotional is the most main in the trading it is not only psychology or anything but it's our emotions. When you keep on doing trade with your emotions then you will only lose. Just like in some quotes You will never lose when you not sell. Emotion is not even something any trader should even be having on the sidelines when trading because they will end up screwing up everything. I once was emotional as a trader but that was because I had no trading knowledge and that really affected my style of trading, but over time when I started learning, things got a little bit different, I start making decisions based on strategy and never a single emotion. Bad psychology while trading is common for any trader still we can easily overcome it by making use of our daily experience. When a trader is failing to use his own experience then he will never get chances to make profits with trading. Bad psychology can be avoided over time with our experience. Yes, that is true, but I think, in my opinion, erase our emotions in trading are not easy. When we get a lot of profit and get a lot of win, do not rush and get cocky, because maybe we get arrogant because of winning for several times. There are also some traders who get emotional because they lose a lot and they want to get their money back by trading without caution. That is a very risky move and we should limit our money when we are trading. So that when we win, we do not take it to much and stay profit. But when we lose, just let it go and take control of yourself so you do not need to lose anymore money. You can recover it tomorrow. |
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Since cryptocurrencies has been prohibited in your country but still interested to invest. Then, i suggest you to just invest in a potential coins like bitcoin and ethereum. But as what others said, only invest with your spare money and do a long term investment by then you still can gain huge profits and avoid being caught by the government in your country since long term investment only need less transactions.
First of all, you need to understand the basic information about crypto. Such as, the up and down of the price of all crypto is very normal. And the Altcoins price, or cryptos besides Bitcoin will always be affected by the Bitcoin price. So do not panic if other crypto or Altcoins that you invest, is having a hard time right now because the price of Bitcoin is currenctly decreasing. But do not worry, as soon as the price of Bitcoin recover, the price of other cryptos or Altcoins will recover too. Just be patience and do not sell until you get what you want. I think that is all the information I can give it to you, and that is all from my experience. |
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Hold during a bull market. If you sell, you might lose your position where you may never regain again. Like Bitcoin at $1000 in the beginning of 2017. Now, in a bear market if your able to sell early, you may be able to let the market correct far enough so you can pick a new position at a much cheaper price. If you try to sell too late at near bottom prices, then you might also lose your opportunity so it's better to Hodl. It all comes with experience so practice now.
First of all, HOLD is the most simple and easy way and yet the most effective way at the same time. Why ? That is because holding does not need a lot of effort and I think everyone can do that. Besides, in the other hand, HOLDing is very good and the most suitable thing for newbie or beginners to this world of crypto. Trading really needs a lot of effort because we need to monitor the price all the time and we can have so much risk on that. You can lose and win for like anytime, unlike holding. That is because holding only need the final result and the true holder will not sell no matter what until they get profit. |
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a good way for beginners to earn without risk is generosity campaigns there you just spend a little of your time, and investments are always accompanied by risk
I agree that is the best way to make money or get some earnings without risks for the beginners. A lot of people are really putting their money into ICO but they don't have any knowledge and that is resulting for them to lose some money or their capital while working for the cryptocurrencies is such a better way to earn some cryptocurrency because you don't need money but only time and patience. That is somehow true. Definitely when someone is interested to earn but don’t want to lose money at any cost or without much bigger risks, then yes these campaigns and airdrops and faucet at best for them. These sources of money are best in their own kind and they never let you in hard decision making situations. So yes go for these and earn without risk, but little money. I think that the most simple yet easy way to earn without risks for beginners is through doing some Campaign and Bounty in this forum. That is same like you work for someone in the real life. Or if you have a abillities or skills that you can offer, you can do it too. Like designing logo, video editing, programming, and something like that. Just like the one you see on the fiverr.com but you get paid by Bitcoin. You can offer your skills in this forum if you want, or you can offer it to somewhere else like social medias. |
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Because of the many factors to considered in 2022 in which almost everyone uses bitcoin , I think it will not be use worldwide, the fiat money are still considered the number one medium of exchange in rural areas in the world that have not been reached by modern technology, only the government can order the change of money in a certain country in the world. Yes by the year 2022, bitcoin is being use by everyone, as of today, bitcoin become known and people recognize it, some people or countries sees that bitcoin is one of the safest way of transaction and the community of bitcoin keeps on expanding time to time.
No, I think not EVERYONE exactly. Because in the other hand, no matter what happen there is always still poor people and people who does not know anything about crypto, even people who lived in a big city. I think a lot of people will start to understand about Bitcoin but not everyone will use it. Maybe everyone in a big country and a big city like United Stated, maybe it will happen. You must know that not all people who know about Bitcoin will use Bitcoin. That is because not all people trust Bitcoin and think Bitcoin as something dangerous and something that will fall someday. There are people who also say that Bitcoin is just the first time of achieving something bigger. |
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The fall of bitcoin prices has made new traders panicked to sell their coins. The attitude of the new merchant actually makes the situation getting hotter, with the number of coins selling to make the price of coins shrinking. Whereas rising and falling prices is a natural thing to happen in the market. Those who have sold the coins will regret it later after the bitcoin price rises again. So for traders who have not already to sell the coins, you should stick to not sell the coins you have, keep your coins for you to sell later in a timely manner when the price has gone up.
I think the falling and the rising price of Bitcoin is very normal and that is the unique thing about crypto. So we do not need to panic and afraid about it. Maybe the amount of decreasing money is huge so people start to afraid. I once panic too when I first know about Bitcoin. But now when I already know about Bitcoin for several years, I do not panic anymore because I have experience many up and down of the price of Bitcoin. I determine to invest into Bitcoin right now. I know last year when the price of Bitcoin decrease more than 50% if I am not mistaken. But soon after that the price of Bitcoin start to increase more than 100%. |
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In my country, bitcoin is slowly rising. We have this FB group and people are becoming aware of what is bitcoin and how to earn it. As of spending them, I don't see any establishments in my area yet that accepts bitcoin as a payment. I only use it to reload my Phone and stuff. Basically just for digital goods. Although some sites in my country accepts bitcoin for Groceries, Clothing, Appliances, and Gadgets. Well i would like to shop and pay with bitcoin but Brazil isnt working with that ,atleast at my region i dont know no one accepting or knowing about bitcoin ,i would like to go the market and pay with bitcoins ,food .
What ? How can that be ? In my experience, the price of Bitcoin is universal for all countries all around the world. But anyway, to answer the OP topic, I guess I cannot answer that because actually I never spend my Bitcoins. I just collect Bitcoin from my side jobs and not from my salary and my savings. My main job salary is for my family everyday needs such as food, electricity, transportation, and many more. I get Bitcoins from my side jobs and the Bitcoin that I get from it I invest all of it by saving it to my wallet. I plan to invest for several years so that I can get a lot of profit and I will only sell when my target has already fulfill. |
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Many people are claiming this ad banning to be a positive thing but i disagree to some extent. The ads gives visibility of the new projects and by banning them on a large scale, wont be any good. It also gives a negative impact that investments in ICO is not legal and those who do will have to take risks. I think social media should be free and everyone should have the right to publish anything. Many companies want to ban crypto. But in the other hand, it just proves that crypto grow strongly and fast. And Google just want to ban ICO not bitcoin, because metamask is another proof that google still support crypto, so they actually want to stop the speeding of another new projects.
Wow, that is a new thing. And I absolutely agree with you. Many people try to bring crypto down, but here we are, crypto and the world of Bitcoin keep growing fast. Actually, even if google ban and do not promote Bitcoin anymore, it is okay. Because people around the world are already know about Bitcoin and always discussing about it in social media, online forums, some meet up, and much more. There a lot of ICO and new Altcoins that will take over this business and people will start to learn about crypto world. Especially about the Bitcoin, that is the mother of all cryptos. Even though there are maybe some SCAM that fooled people. |
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Social media promotion is playing critical role in promotion of any activities whether it is in crypto world or any other. If we see bounty campaign they all are added social media platform for promotion like Facebook, Twitter etc. Even bitcointalk is also a social media networking sites where we are promoting different project by wearing signature according to rank. so we can day that we need social media promotion for any project. I think we need the help of the media. There is a lot of bad news and deviation about bitcoin. We need the media to bring the most accurate information to the people. In addition, we need media to attract new investors. Helps bitcoin grow and add value back.
It is actually depends on what things you promote in the social medias. If you promote some online business or a website, then I think social media is the correct option and best way to promote nowadays. Plus we have some good social medias like youtube, instagram, twitter, and do not forget about the facebook. I think it is good enough for us to promote our online business through social medias. But if you want to promote Bitcoin in social media, I think that is not necessary anymore. That is because everyone in the world are already know Bitcoin and the crypto world through social media. And everyone already discuss about cryptos without us promoting it. |
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Theoretically, a person can not hack crypto if it is in a wallet. It involves over-selling attacks. If you lose money then it is stealing, because your computer security and your wallet is not good enough. Bitcoin itself is almost impossible to hack as the blockchain technology that forms the basis of the currency is constantly under review by other Bitcoin users. This means that it is no more at risk than other payment methods just like traditional credit cards. However, just because Bitcoin itself isn’t hackable does not mean it is completely safe to use. You have to look at the actual process of trading Bitcoin to find the vulnerabilities.
It is actually depend on the "thing" that people want to hack. Is it the blockchain ? Is it the market ? Is it the wallet account ? Is it the trading sites ? Is it the cloud mining sites, or something else. That is because, hackers can hack website and some other things. But there is something that hackers cannot touch and you guys have to know that. If we talk about the web based wallet on the browser. I think it is pretty save. As long as you make some complicated password that is random and do not contain date and someone's name. To be more safe, you have to change your password all the time, for like once a month, or once a week. |
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