I want to make a community of newbies (like me) here at Bitcoin Forum to acquire relevant knowledge through this path that we've taken. We are calling the attention of experienced Bitcoiners to give tips, suggestions, and other knowledge that will help us, the newbies, to progress little by little here at Bitcoining. To our dear experienced Bitcoiners you can teach us and introduce us, if you would allow, to the basics of Bitcoin. We would truly appreciate your effort of sharing your knowledge!
First of all we need to welcome newbie here and we need to support and teach them about bitcoin because as we changed a life because of bitcoin so we need to make them able to change their life because bitcoin always welcome new comer and its very good for bitcoin as well if newbie will increased so the price will be also increased. |
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I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?
If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?
Well in bitcoin its easy to get money and you can invest in bitcoin for free unlike in money you'll have to pay taxes,and also it gives us freedom to earn money on our own hard work without decreasing our earnings in taxes from the government. Yeah it's little confusing but if you try to understand on how bitcoin work properly you'll understand why. Bitcoin price is high than any other currency in market and its transition are also fast than any other currency you can also learn a lot of things here as well as you can earn a lot of money here and paper money is only for to buy some things so bitcoin is better than paper money and still bitcoin is trying to advance its technology. |
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Yeah right, this bitcoin virtual currency is very different from the existence of money-money in this world. Higher values of any country's currencies are even fluctuating, bitcoin is quite unique and is highly favored by everyone. Bitcoin does not require the labeling of a particular country because it is very special indeed.
Bitcoin price is very high than any other currency and its transition are very fast as well you can also learn a lot of things here and you can earn from bitcoin as well so I think bitcoin is much better than any other currency and its very stable now a days so bitcoin is going to help everyone and world need bitcoin so that’s the reason bitcoin is better than other currency. |
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In my experience daily you will learn new techniques and new things in gambling so I cant say my self or think myself as a gambling expert. I believe no one is perfect and expert in all. You always guided towards learning new things daily it is endless.
Exactly it is the case, there is no one who can claim he is an expert and especially in gambling, no way. Gambling is just game of risks and luck and you don’t have any surety what is going to happen very next. So being expert means you can sense the smell of danger while getting into something but unfortunately in gambling you are not capable of doing so, keep yourself simple. |
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When do you decide to sell?
Is it a sat, a % of profit, or even a randomly thought up number in your head?
I am new to trading Crypto, but when I traded other stocks, I would aim for a certain percentage.
This seems much easier to hit that percentage, but much more risky.
How do you determine when to let it go?
It is really hard to know whether it is right time to sell our coins. Most of the traders loses their money because they committed mistakes like they are panic selling and also selling their coins in wrong moment. We should always plan for us to gain profit. Obviously only the thought of selling your coins comes in the mind when you know that the price has fallen to an unexpected level. This is actually termed as panic selling. Mainly those that buy the coins recently before dump are going to decide for getting rid of them at once and save the most they can that had been invested for the buying purposes. But if someone would keep firm belief then he could become a millionaire even before turning 18 that could be witnessed with a glorified example of the boy who didn’t join college because he has earned much to spend his whole life. That is absolute right. There are more chances for bitcoin to give to more profits if you’re holding them. Reason is, for every next year bitcoin prices are going up and this make it more famous. So if you hold for more than three or four years believe me you will be a millionaire at least when you sell your bitcoins at the end. Decide wisely what is being done from your side. |
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Yes, you are late. Wait till the price drops and take a chance.
No I don’t think so he is late and why are you telling him to wait until the prices drop. Don’t you think he must have learned well when prices are getting down then one must buy bitcoin as much as he can? So is the time, you can easily buy bitcoin and then options are there for you. You shouldn’t be waiting too much, the other day prices will just jump and you will be regretting... |
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panic is a very human thing because everyone does not want to lose, but it all depends on their patience if they are patient and not panic will definitely benefit its fore, it is difficult to say I do not panic if you are a trader
Exactly! In the world of trading, the worst thing which you can ever do is none other than selling your coins and that too at the time when the market price is falling down. Emotions play a very vital role in this thing, you actually need to have patience and you need to control your nerves so that you may not decide anything like this. Panic selling will only result in suffering of huge amount of loss. |
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Fiat currency has been invented without bitcoins and everyone is using their own currency as the source of their living. Not everyone is capable of earning bitcoins since it requires a computer and internet, So the probability of fiat currency to be crashed is so impossible.
It could be in a realization period and thinking, what if we used bitcoin everyday? I think it could be hard if not all around us are accepting this kind of currency. Using of bitcoin is not the way of crashing fiat money, but is just an another option for us where we feel comfortable on our doing. For now, it is not possible I can't think of it that it will crashed nowadays, maybe after a couple of decades when all of the people are already aware and already embraced the world of cryptocurrency but for now we cannot tell it, it is too early to predict what will happen in the future. Everyone has his own way of looking up at the things but I think otherwise. In my opinion, this will never ever happen in this world. We all know this thing very well that there is only 1% of the population of the entire world who actually knows about bitcoin. The remaining 99% of the world only know about paper money and they will keep on believing on paper money for the rest of their lives. |
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I did that when I starting trading but later I learnt its good to HODL dieing altcoins than to sell low.
Trading is not profitable for everyone. Trading needs really a lot of hard work and patience. You need to listen to news on regular basis to stay updated moreover there are series of articles by experts that are meant to be read by trader for gaining best trading tips. I am also in favor of holding coins then trading with them especially when the coin is bitcoin. The altcoins can be used for trading. |
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Hi experts
is it good time to buy BTC..?
is there any fork or segwit..after November 15...
You need timing to perfect invest or buying in bitcoin before the price of bitcoin is almost 7000$ and now the price of bitcoin is 6300$ and this is a good sign for you to buy before it goes again because bitcoin have an unsteady value it might be rising up soon because the happen now is dropping low the price . Yes, it is always good to buy bitcoin when it is available at low prices especially right now, bitcoin is the only coin which is for sure going to produce big profits if you are holding it for a long time. Bitcoin should be bought more and more when the prices are low. Bitcoin is offering people golden opportunity for making en epic end of the year and having a good start of New Year. Bitcoin is going to rock by the end of this year. |
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of course you have to hold it. do you want a loss  on the contrary if its price keeps falling it is better you buy it double from first you buy. so what if its price have gone up can cover loss from first purchase. Yep! There is no doubt in this fact that it is a time to purchase new bitcoin because at present the prices are quite low and many bitcoin holders are in the position of buying bitcoin at this price. On the other hand, as you said this is not the time to sell of bitcoin because it is supposed to bounce back harder by the end of year. So hold bitcoin if you have any to be part of the mega celebration. I can hardly find any person living on this earth who will be unhappy with holding of bitcoin. In fact, bitcoin is the best coin and is the most recommended coin especially for the ones who are planning for holding it for quite a long period of time. Holding is the best thing to do as it can help you in doing some other jobs as well. You only need to remain patient and you will get what all you want to have. |
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I think those people only who disappointed in trading because they cannot esrn bitcoin because they dont have enough knowledge. But for me trading is the best way to grow our bitcoin and Im never disappointed with trading . Im very happy because I learned trading and i earned bitcoin because of that .
True trading is the best way to double your coin. trading has a high risk, if someone does not have the ingenuity and experience in trading, then the loss is what they get, of course they will be disappointed. make failure as your experience to move next. There is no point of denying this fact that trading is not at all an easy thing to do and there are likely chances of suffering a loss as well. There are certain occasions when you can’t manage to make right decision at the very right time. For me, I don’t feel disappointed even though I suffer some kind of loss as well. It is because of the reason that it helps me in gaining more experience which saves me from suffering from some huge loss. |
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Bitcoin may not teach about savings directly but perhaps the use of it will. For me, it has taught me how to save because for the first time in my life, I've been earning through bitcoin. It has made my become conscious of my finances and expenses. It has taught me how to save because I am now mindful of the financial decisions that I make. Perhaps in a way, once kids learn about finances through bitcoin, it may teach them a thing or two about saving.
I think it can teach kids how to save money for themselves because their main problem is to get control on their money, which is very hard for them to control on the paper money but if we look to the digital currency than for a kid, getting control on bitcoin is much easier than that of getting control on paper money. Not only kids but bitcoin also can teach adults the best ways of saving money which is a positive sign. Everyone has his own opinion but I have some different opinion. In my opinion, bitcoin is not an easy thing to be used and that too by the kids. In fact, there is no way that kinds can use this bitcoin. Bitcoin can no doubt teach this concept of saving money but only to the ones who are using it and are investing in it. We need to teach our kids about this habit of saving money by ourselves. There is no way that we can deny this fact that kids are having very sharp minds but the fact is it is not at all possible for the kids to understand this concept of bitcoin and that too in such an early age of life. This might be possible that you can use other techniques for developing this habit of saving money amongst the kids but this one cannot really help the kids in learning anything good. |
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We can't say it whether they will accept bitcoin in future. But we can just hope. As bitcoin has become so popular so we think that bitcoin will convince amazon to accept them.
As far as I know, amazon has already started this facility to the owners of bitcoin that they can even pay their bills in the form of bitcoin. This is really a good news to hear and this is indeed increasing the fame of bitcoin. There are number of other online shopping stores like that of amazon, eBay etc. which are also accepting bitcoin as mode of payment. We can really hope a very bright future in the coming days. |
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I think they do not, they have different nature, a fiat-inflation currency and is aimed at spending it, because it constantly becomes cheaper, and the bit constantly rises in price, it's like gold, so there will not be a full replacement. In general, the concept of "money" will change and in the end, Fiat will sink into the abyss of history!  We never know what is going to happen in the coming days. We can expect anything to happen in the future. As far as replacing of fiat is concerned, it is difficult to say anything right now. Till the time bitcoin will not be declared as legal, there is no possible way that bitcoin will be able to replace fiat. It is a very long marathon and it will for sure take a huge period of time. We just need to wait and watch. |
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most of the time you will lose more if you return as soon as possible. althought sometimes you will get lucky
Majority of the cases people will end up losing their money only even if they return back. the problem is that they will become more greedy this time because they have to recover their past losses and this as well if incurred which will be more dangerous for them financially and mentally as well. not only greedy but too aggressive to chase back their loses, i guess if you already lose what inside your minds is if given a chance you can cope up right away, the problem is your mindset is just to win not to control your emotions and its ending you up losing again. Without the need to think to take back your losses too you will definitely re-gamble, right? So you do not have to think about take back your losses. Just play it and you'll take back your losses if you're lucky. If you still think that way then you will have trouble in controlling yourself. You are putting a very big condition on returning back to gambling and then asking to gamble again for getting back losses. This bloody game is not fun at all, nor a method of making money. This is just a sophisticated method of snatching money from people. Those who are making profit form this game are only the owners of casinos and gambling sites. Players are always in loss. |
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Obviously basically we should really be aware of price motion of bitcoin that certainly really changes from time to time and we should be able to make use of bitcoin price itself to achieve profit. As you may know that the value of Bitcoin it had been depends upon the guidelines of supply and demand. the cost is dependent upon how many economies agreed to pay. If a large number of people want to buy Bitcoin, then the price will go up. If more and more people want to sell Bitcoin, then your price lowers. I am also so far still trying to deepen relating to this to more learning (understanding more) the motion of bitcoin price in the other things once again.
The only thing which is making not only bitcoin but almost all the coins which are there in the world of crypto currency as more volatile currencies is the increasing demand of all the coins especially that of bitcoin in the international market. With the passage of time, there are more number of people who are getting to know about bitcoin and are ready to invest in bitcoin which is resulting in more volatility. |
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Gold is a tough competitor, but I will choose bitcoin because where in the world can I find gold? it's really hard to find so I will choose bitcoin. By just being in this community, doing different tasks using gadgets and internet I can earn some bitcoin. As much easy than finding gold.  Agreed! Bitcoin is no doubt far better option than that of gold but the thing is still, there are number of people who actually don’t believe in bitcoin. There are people who still think of gold as better way of investing their money as compared to that of bitcoin. The fact is there is no match of bitcoin and gold. Gold is becoming less popular way of investing your money with the passage of time. |
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Due to Bitcoin can be trade for anyone from any country, the value of Bitcoin can be grown rapidly in next few year. In fact, the number of people holding Bitcoin is still considered not many, compares to the world population.
In the present time there are no chances for bitcoin price to fall back due to its extra benefits and properties. Its price is increasing with the passage of time, everyday more and more people come to know about bitcoin and after some time they invest in it. I think the price of bitcoin will become very high in the future. If someone want to invest in bitcoin then I thnk is the best time to buy bitcoin and it will give him a very good profit very eaisly. |
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A year ago there was 15 million bitcoins worth $600 dollars each.
Now there are 16 million worth $6000
and there's also 16 million BCH worth $1200
So looking at BCH the total value is $20 billion. Where the hell did that come from?
Did BTC reduce by $20 billion? As one goes up is the other coming down?
As BCH approaches the value of BTC then it sure as hell looks like we've doubled the coins in circulation.
So my point is this, have we in effect found away around the cap of bitcoins. Every time we see the price go up just split the chain and have more coins.
BTC is in limited supply, as is BCH. It's not like you can use Ethereum on the Bitcoin blockchain; there is nothing that prevents people from making their own altcoins or forks but there are never guarantees that the fork or coin will actually be used. BCH just happens to be gaining because people are using it as a replacement for Bitcoin, so far, as the blockchain starts to grind down due to a huge burden of unconfirmed transactions. There is nothing that can be done about it, really, since the market decides what is best. Yes bitcoin is a limited supply, it is providing us all the necessary stuff and chances to be rich in very short time, and is launching promising projects for the investors where they can invest and earn some good amount of money in order to make their present good and also keep some safe in lock to so to secure our future, it is helping a person who is not having a regular job to earn enough to meet his financial needs |
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