Absolutely not
Holding the Bitcoins is not greedy at all because just spending them on trivial matters is of no use. One must have some other ways to fulfill his needs instead of continuing with the buying and selling of Bitcoins .This is because the price is a matter of fluctuation and one cannot predict either the increment or decrement at any time. Therefore you must believe in the digital currencies and keep holding Bitcoins both in the form of physical money or in digital wallets because they are not worth losing. |
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We all know the advantages of BTC, but what are some of the disadvantages??
There are many disadvantages of bitcoin but i will tell you some of it that i know. First is it consumes too much of your time as well as your effort. In order for you to gain more of it, you need to spend more time and effort to it. Another is sometimes so may lose a large amount of money if you dont know how to monitor your btc. Bitcoin does require a lot of time and effort. I think it is not worth considering these two characteristics as disadvantages of digital assets if anyone actually wants to be successful in his life then there is no shortcut except hard work which is the key to real success. Stating the disadvantages can include the price fluctuation that is common problem and moreover being an illegal currency also poses some threats to its users. |
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Cut loss! Cut loss! Cut loss! All my altcoin decrease. Bitcoin killing me.
Do not get panicked. Bitcoins being the most popular among all cryptocurrencies won’t harm you in a bad way if you prefer altcoin for the purpose of trading. You can recover your losses easily by buying more altcoins at lower price and then wait for the prices to increase so that after selling them in the time of pumping phase you can earn some money and buy Bitcoins instead of using low valued digital currencies for the purpose of trading. |
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i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically.  what is your opinion? Its not really bad on spending too much time on trading since there are are active traders which do really spend their times on doing trading. This would really depend on what kind of trader you are. The suggested thing on here is when you do know how to stop specially when your mind or brain is quiet tired on doing trading because once you are tired you cant execute trades properly which causes mistakes. which causes for us to lose up money. When you stay glued to your trading platform, you will most likely end up over-trading and taking up positions you ordinarily won't have taken. Mistakes become inevitable because of fatigue and inability to differentiate between real market signals and noise. A way out, is to always have at least a daily trading plan, drawn from one's market studies and analysis and sticking to them religiously. Spending too much time on trading is not good for both the mental health of a person as well as his finance .moreover repeating the same thing again and again might cause you a great loss in the end. Therefore my advice is that one should set up limits for himself before he actually trades in a particular time. I think that most of us do not consider this fact seriously but it can have some remarkable effects at the end i.e. spending most of the time you have got in trading turns your life into a hell boring thing and colors a complete picture into something dull. |
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whoelse would not be happy if you won in gambling, right? but personally aside from being happy there is always an excitement to play again and hoping that i will win again. that is why gambling is always an addiction because even if you are winning or losing the feeling of excitement is always there.
Not always. Some people are contented with what they've won and spend their time enjoying their winnings. I don't think about gambling again if i win. I immediately log out or leave the casino and enjoy. This is usually like the best thing to do before one ends up being tempted on retrying one's luck all over again and then losing all. Big winnings don’t usually come every time, so anytime you have it, it is just best to have plans for it and utilize it effectively so that you can keep having money coming for you from your investments and then you can keep gambling a little with what you have if you wish. This sounds more like a pretty cool way to utilize the cash anyway. I really do feel contented and quite satisfied when I am able to achieve anything in gambling. to win something big is quite area in this field and if it does happen through luck then obviously I prefer to use the money for some sort of investment so that it could get doubled and hence the profit to be used again to gamble and to try my luck one more time. No one can explain the feeling when we win in gambling. It's something like out of the world. |
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the possible good impact for the country dealing with bitcoin is that it decreases the number of unemployment, whereas the bad impact for the country is that they cannot get any taxes from the users of bitcoin so that they cannot help economy of the country mostly.
Well, that is wrong! As long as there would keep being usage for fiats or we will still have to keep buying things and there would always be new startups and existing ones, tax is something that any government can still achieve. Fiats would still remain relevant and exchanges would be controlled and once you are converting to fiat, you damn sure you have to pay tax whether you like it or not. |
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nothing doubt of that idea's trading bitcoin and altcoins are profitable but depend in your strategy and skills how your investment makes profitable, but ihink hoding of bitcoin for now are profitable the price of bitcoin continue increasing maybe before fork the bitcoin price reach the price at 7000usd hope so.
I am not sure about altcoins but trading in bitcoin is very impressive and make rich in few days and just three things are required from the investor revenue, motivation to work, and determination and if one has all these things bitcoin will bless him more than anyone and those who had earned in past are just capable of these and altcoin are still new for world so don’t take risk just stick to btc you will be blessed. |
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For now bitcoin is hard to lose its value, even bitcoin is getting more popular and its value is increasing compared to last year. But if someday people have left or no longer use bitcoin, it will automatically bitcoin will fall, but whether that's when will occur,we do not know.
Basically No, even the fact that in every currency there is an always value fluctuation. But due to the popularity of bitcoin and its ability to make more money there are many people around the world who has engaging on it and the more people working on, the more it becomes stronger, it is only like a passenger bus that as long as there are passenger then it will continue to operate and then comparing on that situation Bitcoin will continue to work until there are no more people working for it. Everything have a value in this world and bitcoin have also a value in world as we know that there are a lot of countries who have accepted bitcoin and some of them make bitcoin legal in their count and it all is just because of bitcoin performance so I think everyone they respect bitcoin and even they love and respect bitcoin too. You are right the bitcoin has the large value than the other currencies, in the future all the people will use the bitcoin only and the income of the bitcoin will get more high so it is the time to buy the bitcoin and not to lose the temper and wait till the long time top buy more bitcoin and you will be the rich person for the bitcoin and the value will be high in the future. There is no such kind of possibility that bitcoin will lose its value and more of it bitcoin is so popular nowadays that everyone is preferring to use this coin and this coin is really beneficial for whole mankind and more to it bitcoin has impact on people lives and more regions are accepting it just because of its blessing and in future bitcoin will be very essential for daily need so buying now will give ease at that time. |
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Yes it's hard to get a job, but that doesn't mean people can just sit around and beg people for money.
There're many other things they can do to earn money, i'm sure they'll find it if they're determined enough and want to try.
That can't be use as an excuse to scam people, because it's a bad thing to do and the money you get isn't honest too.
I prefer giving money to people who works, maybe selling small things, or singing in the streets, or others as long as they make an effort.
There can be number of reasons behind this thing that why people scam. In my opinion, the most common thing which motivates someone to go for scamming is none other than earning money and that too through illegal means. There are number of people who themselves have not this much of budget that they can invest in some business, instead they make other people fool and play with their money. |
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I was browsing for news in bitcoins last week when I got intrigue with this title in an news article. In deed, the biggest test for bitcoins in this year for there are a lot of scares with its operations. There has been issues with its legal basis as China and South Korea has halted their exchange operations. The all time low bitcoin value then the sudden increase of its worth... It has been a roller coaster... but thankfully it survive and here we are...
Firstly, bitcoin banned china and south korea the fallen down bitcoin price. But at present the market value again cool.Its depend on internal uses of bitcoin. Everything wil be good, because bitcoin is the mother of crypto. It will long live. Yes for sure they will lift the ban soon because they know it will provide the country and its people to bring betterment in their condition and will make them able to meet their financial needs. Yes 2017 is the year of bitcoin because its worth is increasing with speed of light, people are getting into it and the number of investors is increasing which is making it more value able |
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What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?
How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
it mean bitcoin is not sold. bitcoin is worthless, because no one to buy it. but we can keep until some people or organize need again. as long bitcoin vacuum from this world, other coin will replace the number one. I think people cannot stop buying bitcoin because they know that it is the only quick and easy method to become rich in very short time. All what required is wise investment in some promising projects in order to secure future it is helping people to save time and connect with people all around the world. It is a type of global village. |
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all things are definitely risky but it should, I think Indonesia should have a foresight as well with this bitcoin. certainly should be able to follow the country that has legalized bitcoin and know the rules so as not to contain too much risk. so Indonesia is able to legalize bitcoin without thinking about the risks it carries. First off, good article. I agree that there is definite risk in the bitcoin market, which is why, many governments and countries are very reluctant in including bitcoin in their market because of those risks. While other countries are pessimistic, others are optimistic as well and have already allowed bitcoins to penetrate their markets. I think it depends on the how a country views bitcoin usage and the advantages and disadvantages it can do to their own market systems. I strongly oppose this risk factor now. People talk about digital currencies especially bitcoin and Ethereum like they are bubbles but let’s just face the facts now. Is it really possible to stop the idea of digital currencies from spreading and defame the block chain technology when many tech companies are getting involved into them? The co-founder of Apple Company passed a statement in which he declared bitcoin better than gold. |
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I think it's very plausible that we find a cryptocurrency in the future to replace it, something equivalent in the crypto field of google.
Surely, bitcoin is on its way to peak, it has wise plans for its users .It is providing people to get more benefit and is competing other regular currencies and hopefully it replace other currencies in future. When it comes to yahoo so better is not to compare it with bitcoin because it was not having smart plans nor it was so beneficial so it flopped. |
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Its not wrong. Its just a matter of doing it and self-control. You need to consider also your losses. If it continues then maybe its time to slow down. Make sure to manage your losses and find strategies to win more. Experience is a key and assessment in every game you bet.
Anyone who can have self control and probably gamble for fun or some of the good reasons without being too attached to making huge profit or getting plenty money from luck without working for it which is what usually make some people get addicted to it anyway, then is not wrong. When you know gambling is affecting your life and the lives of people around you, then you should know that YOU are wrong and not gambling. |
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The value of bitcoin is driven by its community support.First,its price was very low as very few people used it and so the demand was very low.Mass adoption was needed for bitcoin's price to increase high and nowadays,its becoming true.More companies coming forward to accept bitcoin payment,more countries to legalize bitcoin.
The main reason for its continuous increase in value is its limited supply of 21 million coins and unlike paper currency,it could not be printed more and issued which causes value of paper currency to get low.
It is an acceptable fact worldwide that greater the demand, greater will be the price of a product. It works exactly the same in case of bitcoin also, since a huge number of people are involved in this bitcoin business it causes the value of bitcoin to increase. Another reason is that it is appreciated at government level, many governments have their processes undergoing in the legalization of bitcoin which ultimately causes its value to increase. |
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any prof that by November bitcoin can booming huge..or maybe the reason of booming of bitcoin because of hardfork and then after hardfork bitcoin can falling down again yes bitcoin price now is so high but we did not know if this continue and maintain in 600$
I don’t think we should be talking about any increase in price until we have seen what the hard fork has in stock for us, then we can begin to predict whether price will go high or not. I know that as of now price is going way too high, I even checked last and the rate was already at $6500 which is the highest rate it has ever reached. But I’m not using that to judge until after November Bitcoin segwit 2×hard fork. |
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If you want to cut you loss and wait the price to increase, you can swap your coins to Tether (usdt) when you feel bitcoin dumping for long period. It's always fixed in 1$.
When the prices begins to rise again, you re-buy bitcoin or other altcoin with your Tether.
This is one way to trade most of the top cryptocurrencies by trading against USDT which in this case serves as fiat. You can watch the market, look out for breaking of support and then buying at those points and then watching out as it grows. It is just to have a strategy of never losing too much and knowing how you can utilize the market to your maximum profit. Yes, utilizing the current market and understanding its risk is the most important thing you need to study all the information to gain a good profit. If a person invests in bitcoin or any other crypto currency he/she firstly should understand its popularity and the risks involved in it so due to this when the coin drops than we should have faith in it. |
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Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
Bitcoin's value depends on the investors and users. The more people investing and holding bitcoin, the higher the price goes. It really depends on market demand. So, expect bitcoin to rocket-up because more and more people are getting interested in bitcoin because it is really profitable. Bitcoin is an asset, and as usual they always start up with a low amount and a very low market cap. Its price fluctuates to any direction depending on investors, how much they invest and how much they withdraw. But sometimes, I get confused when I’m trying to compare gold and Bitcoin. Unlike Bitcoin, gold is always less volatile and makes little changes, despite the fact that millions (or possibly billions) of people from around the world invests on it. |
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I agree with this i also need a guidelines to having money of this forum hope there are good heart here to teach me more to understand this forum thanks
better to keep reading and find your interest mate, since you are looking for some guidelines let me tell you that this forum got a lots of opportunities, if you do have a lots of social networks friend you can sell your service from those new alt coin project from that you will be able to received decent amount of coin which you can sell after and exchange that to btc, just keep looking around and for sure you will be able to find what suited for you, good luck. Yes, that’s true, before one can start earning, you have to study a lot of things and know which you can be perfect in. You don’t just jump into anything and think you will start earning money from it immediately, lie. Even before I started earning from bitcoin, I had to study a lot of things, which I did daily and it really paid. At first I never did, I just got in and tried my best to earn money from it, but I never did. So I left to try other means, which didn’t work out, so I got back and focused on Bitcoin. Luckily, I did it. |
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A new coin with passionate community might be good for shorting because there will be all sort of irrational trading moves!
That sounds very sudden man. Just having passion now a days doesn't work in the first place. You have to be careful about the schemes, fishiness and ponzi these days. The ICO projects special are getting weird now and they are trying to cheat many of the new user and oh yeah obviously they are passionate about it! I completely agree that those qualities should be there but somehow there are lot many things which must recognised about the coin. First of all the team should be well know or at least there should be some public records on how are they and where are they from. Then comes the planning of the projects and the important dates about it. If we have those things taken into consideration then we can start moving further for investments. Choosing coin is the most important decision and this leads to the future profit and I choose coin in the basis of these thing firstly I see the popularity level of coin and secondly I see the people trends whether they accept that coin or not and after that I see the profit rate of coin when these three things are satisfied then I invest in coin ad so far btc is the most suitable to these terms to earn a lot of profit in small time. |
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