Thank you!

But seriously, how do we get customized badges after the April Fool's? I know this will be gone by tomorrow but it's kinda cute though.

But what do you suggest bitcoin fully is? Bitcoin might not be full an investment for trading but it mostly is. If we use bitcoin only as a currency and not an investment, there will be a very low market cap because not everyone will be interested. People are here because of bitcoin's volatility and anyone can make money from bitcoin by just buying at the right price or by holding for a long time.

Personally, I'm not even using bitcoins that much. Only some occasional "I want to buy something online" stuffs because there's not that much merchants that accept bitcoins as of today. But I still have bitcoins because I'm waiting for the price to increase anymore, thus, I'm usnig bitcoins as investment.

If only it's that simply. What has happened in the past might not repeat at all. The price went to $1200 and then went down but that doesn't mean that at the next time we reach 1200$, the price will go down again. There might be some pattern that has occurred, but what are the chances of that happening once more?

There will be dips in the future but we don't know at what price. The price can increase more and go to $1300, and then the dip will be $1100. When that happens, then you just lost money because you sold your bitcoins at $1000 (today's price). That is why ultimately you shouldn't sell your bitcoins at all unless you're a trader. Selling bitcoins right now makes you lose the opportunity to sell at an even higher price.

But just reading more and more about trading without participating in trading at all can sometimes be hard as well. You should try out the stuffs that you've been reading about in actual trading to actually learn. Just imagine someone reading about computer stuffs without ever having any hands-on experience with an actual computer. It's hard to learn that way. There are sites where you can do demo trading but I recommend whaleclub.co because the chart is based on real time bitcoin's price. So it would look like you are actually trading bitcoins.

You know which altcoin to invest in when people are talking about it a lot. For example, BCU. Although there's not that much actual supporter behind it but mostly whales that invested millions for the coin, if you've heard that BCU is about to go out of exchanger you'll know that it will increase in price because everyone's talking about it on twitter. Even though most people are talking how bitcoin will never have fork or whatever, it still caused hyped to the BCU coin.

In altcoins in general, people say that they actually analyze the chart. I don't know the complete guide to saying "Oh, this coin is gonna be poppin'." But hype is the only thing that increases the price most of the time and not the altcoin's usability or utility.

In fact, I don't think anyone even knows when are altcoins going to rise. Some people are just able to determine that the coin will rise eventually, but there's no time frame. Others set a price and then sell all of their coins at that price all at once. While others set different sell orders like 1/4 for 1000 satoshi, 1/4 for 1300, and then the remaining 1/2 for 1500 satoshis.

How about when the price of bitcoin reached $1200 and then it went back to $200? Maybe it didn't happen in the same day, but it did happen. It's the people realizing the actual worth of what they bought. At that time, bitcoin was starting to get so hyped up that people are buying and buying more bitcoins. And then when the hype was over, there's not that much support going in (unlike now when bitcoin starts to go down, some people are preventing it to go down even more by buying or by putting a huge sell order at a certain price) so the price went back down to $200.

That's just how all of these cryptocurrencies get a much higher price anyway. Because of the hype.

In the sticky thread of Beginners and Help board, you'll see this post. But the only thing that mentioned trading there is this thread (A warning about altcoins) You should totally check out Google. There are many blogsites out there that have the niche of altcoin trading. From there, you'll see different techniques for trading.

Experience is the best teacher and you should check out https://whaleclub.co/ when you want to try out the trading techniques that you just learned. It is based on real time bitcoin to USD trading and some other currencies.

After the decision that ETH was disapproved was announced, there was no sudden big drop in the price of bitcoin. What caused this huge drop in the bitcoin price is the Bitcoin unlimited thing, AKA the hard fork drama. But right now, we're starting to get back on track because there's no actual market for the BCU tokens at all. The whole thing was just created by FUD, panic sellers, wannabe early investors and so on.

Now the price of BCU is starting to go down, because you know. Not everyone's interested at all. I pity those people that announced how many thousand dollars they invested for BCU.

It depends on what exchange are you using and what type of payment are you going to choose. Like in the local exchange that we have. If you choose bank transfer to buy bitcoins, there's no fee at all and for some other banks, the fee is very little. And then there's a partnership going on with the local exchange and a convenience store that's all around the country. The fee is about 30%-35% of the amount that you are buying. That is quite a fee to me as well.

Uhmm. No.

Supposed for example I bought 10 bitcoins at $1000. And I sold them at a higher price which is $1001, I'm rich already? I don't think so. Where trading will take you depends on the amount of money you invested all in all and how much gains you have. Simply saying "buy low, sell high and Ta dah! You're rich" is correct only on a higher degree.

If you are going to trade everyday, I suggest that you look up altcoins as well. It's not every day that there's a good movement with the bitcoin market. Or you can do both. Hold bitcoins for a long time and then day trade altcoins. It all depends on you.

That's just going to work out (most of the time) if you have some really bad-ass idea. But if you're going to set up a coffee shop or something that's really common, people aren't going to invest in your project. You will have better chances of getting a capital from bank loans whereas you have to show them business plan. This way, not only you'll get a capital, you will also get some "consultation" or some opinion about your business if it's going to work out or not. Those people that are in the banks aren't new to that thing so they know what's a good business and what is not. So, if you didn't get accepted, your business will probably not work out anyway.

I really doubt that the government all around the world cares about what bitcoin is. Some might not even heard of it yet. Maybe the major countries but I still doubt it because they still have issues against each other. But I guess if bitcoin becomes so mainstream that it starts getting rid of fiat and countries are starting to have problems with taxation, bitcoin will become a common enemy to the nations. And when that happens, the countries might unite and fight it.

But the value of fiat doesn't move that much. So it's not exactly the same with the if bitcoin increases, altcoin decreases scenario. There are also some coins that don't depend solely on the price of bitcoin like ETH. Most major coins are like this. You can trade it to BTC or to USD but the rest of the altcoin family are just traded to BTC.

[1] Since bitcoin is the first cryptocurrency, it will always be popular. Even if it gets replaced by a different cryptocurrency, it will still be remembered and it will always be a part of history.

[2] Or nothing will happen at all. Think about it, if the governments ban bitcoins, it will lead to even more users.

[3] I think if we were able to think about that, so can the government. They will probably ban the use of any digital currency that is not issued by the government. But I'm pretty sure that not all governments will act on that because not every government will have an issue about bitcoin and not all nations will be full of bitcoin users.

Well if you are addicted in altcoin trading, then that must be a good thing because you are getting tons of experiences. But if you're just buying and buying coins without doing research or without having any plans at all, then you might as well be gambling in some casino because you are relying on luck and nothing else.

The huge advantage of trading over gambling is the fact that you can learn from it. As time pass by, it becomes easier and easier for you to classify which ones are good coins and which ones aren't.

Those are already why people are using bitcoins not why they should use bitcoins. Btw, online job seekers usually use Paypal because it's much easier to use if you're not tech savvy since you just link your bank account and then issue a payout.



That's also another way to look at online wallets that don't give out private keys. There's no contract or anything that has happened between the online wallet and you. Once you deposit money, and then they stop paying out people, you will be begging them to give your very own money. Use desktop wallet so you get full access to your wallet, everyone.

Because they don't know how to or they are too lazy to find out how bitcoins can free you from poverty. If everyone is claiming that something is good (and I'm saying this in general, not just bitcoins in particular), you will probably find it good as well. We're not some special snowflake that despise things.

I told my friend back then that bitcoins released me from poverty. He was all like "Meh. Okay dafuq. What a scammer". I was so disappointed in them that I just continued doing my thing. After a couple of months, I started to buy the things that I want although I can already afford it for a long time (like, months ago when I started bitcoins). And then all of a sudden, they got interested about bitcoins.

From a google quote: "First they laugh, then they copy." That's exactly what happened to me. 

Funny because that's how the banks work. "I'll loan you money but only if you can prove that you can pay later." Unlike that, your friends and your family most of the time don't mind when are you going to pay. But you should pay them no matter what. In my country, getting a loan is so rampant that it becomes an issue sometimes. They get a loan from someone and then get a loan to another person just to pay the loan from the previous person. This is a bad practice because you get more and more loans and the interest is becoming compounded.

Not sure why is there still some people that believe in this. If you graduate from a university or not doesn't matter at all. Many people don't go to college but still become successful in life. You know why? Because they pursue and they do their best to reach their goals in life.

When you're offering a service, no one will ask you about your diploma. If you get the work done, then you get the work done. People don't care about your educational attainment. A very good example for this is freelancing. The people don't care about you, they only care about your service so the first thing they check is the feedback about you.