I have read several posts on this forum where people have claimed to have invested all the money they have on Bitcoin, I also read a post where a guy claimed to have used all the $20,000 his uncle gave him to also invest in Bitcoin, some even sold their landed property. The reason for these risks and others is the firm believe that Bitcoin would be $50,000 - $100,000 by the year 2019 or thereabout.
First, I must say that I admire the courage and high risk appetite of such persons. But, I must also warn.
Yes, It is good for everyone to have high hopes for Bitcoin, and also hope it gets to 100k USD in future, but you should also consider a safety factor in anything you do including investing.
Mathematically,
DO NOT Assume,
P(Success of future term) = 1 ; and
P(Failure of future term) = 0
This implies that, you must always leave a little fraction for probability of failure which in this case is the safety factor, no matter how little the fraction may be. Simply put, you don't have absolute control of what happens to Bitcoin and Cryptocurrencies in the future.
Invest wisely, only invest what you can afford to loose
Just a piece of advice.
What are your own suggestions?
I fully agree that the cost of Bitcoin is not not under the control of small investors, but whales with dozens of thousands of Bitcoins can control it. The cost BTC of 50K is fantastic because it requires a lot of demand.  |
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At localbitcoins.com you can buy Bitcoin for United Arab Emirates Dirham (AED).
In this case, you buy directly from people not from stock exchanges.
But a significant disadvantage may be the course.
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He had some 100,000 Bitcoins on March 2018 when Bitcoin was $10,000 to $12,000. Now Bitcoin is $6,000 Read: At least one individual in China took the term “HODL” to heart as his or her Bitcoin wallet has seen a total of 93,947 BTC transferred to it since March 25, 2018. The wallet’s address is 1KAt6STtisWMMVo5XGdos9P7DBNNsFfjx7 and it currently possesses 85,947 of the total amount in Bitcoin that it originally had, after selling exactly 8,000 BTC off. Read more: https://cryptovest.com/newsHe lost nothing, it's a lost profit, he just did not do anything, so he did not get the profit he could get. In fact, consider other people's money is not good - a bad sign.  |
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Bitcoin is not subject to the laws of the stock exchange, so it is very difficult to analyze for a long time. Mr. Buffett understands this perfectly, and does not consider Bitcoin an object of investment.
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It's not the BMW concern that changed the policy in general, but one authorized BMW dealer, Steven James. By the way, he has, besides the new cars on sale, and used BMW. |
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Bloomberg wrote in the spring that if Tesla does not start attracting investments, it will be bankrupt, because every minute Tesla lost about 6.5К$.
Here Elon Musk is trying to attract Bitcoin.
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This guy has lost 103 bitcoins he mined back in 2011 and then lost his wallet dat file similar to what I have done but wow this guy must be gutted the amount of money he has lost compared to me His Address 166BuLPWHUjqoqiYp5rGE3B5r5AmqgHpoL Final Balance 103.20832384 BTC So many people have the same problem and I wonder just how much Bitcoin is stuck not being able to be used  He says "I used to mine Bitcoin back in 2011 and I lost my wallet.dat file (through several stupid moves on my part). It's got approx 103 BTC in it, anyone is welcome to it, I've given up trying." It is very unfortunate if such an asset can disappear instantly, but that is the result of your efforts since 2011, should if it is valuable to you, you can backup in your manual storage, to avoid unexpected bad things. all you can do now is just sidestep and try not to make the same mistake for the second time. The right thing that the better way you should be more careful to hold the amount of Bitcoin you very much. People began to think about caution only after some people encountered problems with losing passwords, but there are people who threw out the hard disk, bought a new one, and then even looked for it in a dump.  It is better to learn from other people's mistakes. |
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Hi all:
Im quite worry about how hard its getting to buy BTCs without telling everyone averything about you. I want to ask you which are the safest places/websites where buying BTC its easy and you dont have the feeling of being treated like a thief.
Thank you sou much.
Bye!
Much depends on the place of your residence and the method of payment. There is no "better" or "universal" Bitcoin exchanger. Use LocalBitcoins but choose sellers with reviews and a trade history. You can also buy Bitcoin for cash in person, then always be careful and make an appointment in crowded places. |
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Bitcoin prices rose sharply today, climbing past $7,000 and rising to their highest since June as strong momentum drove gains. The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03. Link: Bitcoin surge: multiple factors contributing to the rally?What factors make Bitcoin rise again? Will it continue to rise? In my opinion, the only and uncontested growth factor of Bitcoin is the profit of investors and fixing it on the stock exchange by selling Bitcoin. |
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To those who gave me 7 merit, did you want it back yet? Asking for a friend, thank you.
If merit is so heavy, I can take a couple from you, I'll try and then I'll give it to someone else, too.  |
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In June,the price of bitcoin is reduced below 6000$,it was unexpected .This month the price of bitcoin is again increased above the 6000$.The investors who had brought bitcoin at the price of 6000$, will get some profit now.But keep in mind, this is not a maximum raise in the bitcoin price.Hold your bitcoin .
Yes the value of Bitcoin fell below the $6000 in June but got recovered shortly. There was another fall in the prices after that but the advent of July has been good so far. We have not seen loss in July so far and the value has been static but we have actually embarked upon the journey to market perfection and there are chances the monetary value of Bitcoin will rise and cross $10000 till September. There will not be a bitcoin cost 10K in September, it will not happen until the end of the year. Why write assumptions based on the lunar calendar  Even theoretically this will not happen - for 2 months 40%. What percentage of the probability did you get, maybe I'm wrong and I need to listen to a person with a rating of "Hero Member"? |
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Hello guys,
I would like to understand what is the safe and easiest Device to trade Cryptocurrencies for you.
Desktop or Mobile ?
Thanks
I think that the desktop PC has more protection than the mobile, so it's better to use the desktop. But if all the time on the road and trade is not the main income, the privileges are on the side of mobility. |
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Many traders are obsessed with the perfect trade, perfect technical indicators. Trading is the field of non-existent "perfect" words. You can have a very detailed plan, but finally be surprised by a crazy market situation, like a cold water droplets in the face.
Instead of trying to reach the perfect trade, change yourself to the market. Average predicted of you about market, average with another trader ( why not? ). You should accept fewer profit but you will lose less. You should sell sooner and buy later than your prediction. follow the market, because the market will not follow you.
Trading on the battlefield is an income of 1-2%,  but here everyone is trying to grab 10% and dream about 10x . |
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The scenario continuously changes as the market cap has decreased a lot in the past week, where the bears managed to slam the bull run. Once the prices will start going up more steadily we will see an increased cap and more capital investment pushing the prices up even more.
This should be so, because capitalization reflects the aggregate value of entities and markets, and their value fluctuates. But at the same time, Bitcoin's dominance in the market is increasing, which indicates a rise in the price of Bitcoin itself, in comparison with other cryptocurrencies. |
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Why, recently, was the news that the popular American brothel Bunny Ranch took the first calculation in Bitcoin, this means that there is a demand for payment in Bitcoins, one can say in everyday life. |
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Bitcoin price abruptly jumped over $6800 (Bitfinex) during trading on Saturday, representing another attempt to break above $7,000 during the ongoing bear cycle.
There are a number of factors that could have contributed to this sudden jump. Bitcoin, and cryptocurrencies more generally, have seen a positive increase this past week.
To me I think what would have caused the price spike is the so-called crypto “whales” choosing this moment to place large buy orders For Bitcoin. Since the supply of Bitcoin is finite (21,000,000 total theoretical supply of Bitcoin, with only 17,137,187 currently circulating), it stands to reason that large buy or share orders can impact the price significantly.
Kindly share your view on the sudden increase.
I know a very good reason for a jump is to make a profit from investing in Bitcoin. Is it necessary to have some other reason |
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Security remains the biggest problem for bitcoin. The absence of a central governing body makes the crypto currency more vulnerable not only to any uncertainty, but also to attempts to hack, steal personal data and fraud. Also, the currency's reputation is undermined by its high volatility. The bitcoin rate is highly variable. Bitcoin needs to correct these two key problems in order to attract investors again.
Nobody is obliged to protect investors from their careless actions using their keys and passwords. You do not need to store all the keys on a PC that is always connected to the Internet. The reputation of Bitcoin will not be able to uphold the Central Authority, because at the same time pricing will not be fair, it's not USD or EURO. |
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I do not think investing in bitcoin is a stupid investment. I see the potential profit of bitcoin is huge. Many people are trying to invest in bitcoin and I find that they also make a lot of profit from it. I believe the future bitcoin will grow more and invest in bitcoin is absolutely the right choice.
Bitcoin is give us good profit and opportunities to become rich and successful in the future and I think investing in bitcoin is not foolish, and I think some people say because they didn't experience to gain profit in bitcoin cause they are not open minded in this kind of investment and they always think that bitcoin is scam. In order to make a profit from investing in Bitcoin, you need an analytical mind and excitement. If you just recklessly invest, you will get one loss.  But if you have good luck, you can get a profit in any cryptocurrency, not just Bitcoin.  |
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Hi guys, just wondering about other peoples opinion on this.
In order for the world of Crypto to grow and be mass-adopted, do you think crypto needs to step out of the shadow of Bitcoin or do you think its the other way round and that people should scoop up Bitcoin and let it always rule the roost?
I only say this as any sort of negativity that Bitcoin receives, shouldn't really affect some promising projects and cryptos that are essentially doing their own thing and making their own progress- only to be pegged back by Bitcoin losing value!
Yes i understand that all cryptos are tethered to the price of BTC, but will it/should it always be that way?
Now Bitcoin acts as the USD in the global cryptocurrency market. This is due to the highest level of investor confidence, which is evident from the dominance of the market - more than 40% of all crypto. |
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These 4000 Bitcons will be added to the auction pool, of course this will slightly reduce the price on the exchanges, but I think it will not be critical.
Besides, by the date of the auction, the prospective buyer may try to lower the rate on the exchange, this he needs to buy cheaper from the starting lot.
This is only my guess, but it will not lead to a rise in price BTC.
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