Should I stop buying BTC for above market value or should I start paying the listed price? I support Bitcoin and still pay 5k a BTC does anyone see bitcoin going back up?
Keep buying, even a person that entered the market a few weeks ago will be already in profits, many people worry too much, yes sometimes your investment is going to be below the price you bought but with time the price is going to rise and the chances that it goes below the price you bought will be a lot lower, all of those people that bought at 1000 are going to be perpetually in profit. I can relate to your point as I bought my first bitcoin when price was $250 and I am still holding that coin in my wallet and now I regret for not buying more at that price as if I would have bought 10 to 15 bitcoins at that time then right now I would be enjoying huge profits so if we continue to buy even now at present price then we can become rich in next 4 to 5 years for sure. That is pretty right! It is not about now and with the trend bitcoin is moving within a fast lane, 4-5 years is a huge time to have a huge increase in value. It is all about the risk everyone is willing to take and most people who took some pretty big and huge risk back then are living happily ever after already right now. I remember on this forum, even at $250, so many people were wishing they had bought at lower price, and so many people would wish they had gotten at this today's price in the next few years. |
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It is funny how some developers try to remake bitcoin cash's success in their hard fork without showing seriousness at all. I hope this lunacy of a hard fork train would stop soon it will be bad for original btc's economic status to always have another version of bitcoin. It might also cause a huge price dump, because of this lunacy we might see another repeat of mt. Gox like dump. Having bitcoin cash and bitcoin gold hardfork is enough as it is at the moment, having more is not good for btc's health. I really hope it stops as it is really getting out of hand. If any developer does not like how things are being down should best go start his own shit coin from fresh rather than forking out of bitcoin, it is only going to end up being shitty as upcoming investors may end up seeing bitcoin to be less established and non-immutable. What we have is okay and if there is any other fork coming up anytime soon apparently should be discarded by the community. |
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It is pretty bad your country is presently out of the loop and I totally understand how it is going to be hard even getting people or merchants to make use of bitcoin as payment method. I did not really know Indonesia declared bitcoin to be illegal. It is good anyway that you still have the idea of holding as an investment cause a time may come that you can just decide to leave where you are to make use of what you have accrued over the years in a country that accepts it. |
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Key !!!
1. patience n holding : the words of trader you must have patience for you to get profit...
2. Control emotion
Not all traders hold for long and I am always surprised when everyone keeps saying patience. Except you are a long term trader, day traders don't have such patience when it comes to trading and there is always a planned limit to the kind of loss they can hold. Even long term traders try as much as possible to cut those losses at a particular point in time of their trade. I only see patience sometimes working for someone who is HODLING. |
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Is there anyone here that is making money full time in the cryptospace? If so, can you help guide with below questions?
> What is the minimum investment a newbie needs?
> How do you select an investment?
> Do you HODL or day-trade?
> If you day-trade - how do you pick a coin that is day-trade worthy?
Thank you in advance for your time and help!
Living full time on cryptocurrency requires you to have some pretty good skills and even at that you just have to be patient at some point cause they may not really come in handy as much as you would want. However, for trading, most especially day trading, it is something you can make some pretty good income from if you have the knowledge and some funds to invest. I do some services in the crypto world and also trade as well, which has been pretty OK. |
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Me too man, I much prefer investing into Bitcoin for the long term and that is it, no more trading for me, too much stress!
I really feel you man! As much as trading can be so fun when you are making some pretty good cash is the same way it can be stressful when predictions are going wrong. This predictions is dependent on how knowledgeable you are and with a bit of an experience. No doubt, trading is stressful and there is no way you want to make some pretty good cash that will not come with its own stress, but if you are good at predicting effectively from analysis, you will see that it is not as stressful as it seems, than when just gambling the charts. |
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I don't meant to sound direspectful but, who would pay 44 BTC for a citizenship in Vanuatu? it is such a small and remote island, so far away from everything, and they're asking this sum for a citizenship? no wonder they denied it.
I don't mind hearing from small countries that are trying to adapt bitcoin as a payment method, but this is just nonsense.
This is not being disrespectful. It is just being realistic. It is a pretty huge sum of money normally and I do not see why I will have to pay that huge sum of money for citizenship if I do not have much to gain. Like you said, it is a remote island and it seems apart from tourism, the main occupation there is fishing, and I really do not know how an investor will fit in pretty quick with that except probably for vacations which I can easily get a visa for anyway. |
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Great. It's countries finally recognizing bitcoin, and is one of the first steps for BTC to be widely used throughout their respective country.
I guess if it's recognized by most of the countries, the usage and adoption might become larger in demand. About the taxation of bitcoin, I think Government might collect bigger taxes on bitcoin if ever the possibility of implementation took over and dominate the digital currency system. We might be affected with the new order of bitcoin system due to law makers regulation will initiate power to control over transactions of each person who earn bitcoin specially traders who had been doing it for so many years, and now the freedom might be taken away because of that changes. This must be reviewed very well before taxations and legalization happens in a certain country. It will definitely become larger in demand. Over time, people will start seeing the value it creates and how usable it is for transactions more than just seeing it as a digital asset. It will also create a huge level of awareness for the digital currency and make more people be ready to accept its usage since apparently, taxing it means legalizing it. This is interesting could be a mass following with this. South Korea is preparing to Tax bitcoin use after the cryptocurrency's trading volume sky-rocked. This could spark a new trend s everyone battels to see how to control the life of cryptocurrency's
This won't be something that is not expected. You have something you are making profit from and if you convert it to fiat, I see no reason why anyone should not be exempted from tax. However, it is something every government in all the countries globally will end up resorting to. If they cannot stop or control bitcoin, they best find a way to benefit from it. This will eventually make it more recognized anyway. |
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When I lose, I'm okey.
I just learn what I have done wrong and I improve.
Furthermore, I only invest what I can afford to lose, so I really don't need the money.
Approach to trade like this always help to learn pretty fast. Even pro traders predict wrongly sometimes and they already know what to do to reduce the risk of losing so much if it happens. On every trade, there is always something to learn, there is always new approach that comes to mind and it is left for you to see losses as a stepping stone to a better trading in the future or as a disastrous stone to your trading activities. |
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There is one thing i learned very deeply from called gambling activity. That, becomes something that makes us imagine to be rich immediately without knowledge. Meanwhile, the billionaires continue to collect pennies for the sake getting rich. Most gamblers are poor or at least potentially poor and that's very sad. And i don't want to be like that in the future.
It can be quite pissing when you lose pretty much in gambling but it should be expected even before you start as that is the only way you won't be stunned when you see all long reds. However, I am not sure if after you deposited more, you were able to recover it back, but it is one crazy thing to do when gambling, which is trying to recover cause you will pushed to the point where you will keep losing. After a while, that I noticed that no matter how little I play and no matter the funds I have, I kept loosing, I had to stop, most especially when I realized that if I had save all I lost,  ... (You know the rest) |
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I think trading with gambling is 2 different activities, because trading certainly requires the ability and skills in the implementation and in need of accuracy in analyzing market prices, while gambling can be done even without the ability and adequate skills and sometimes hope will be a lucky only.though both are equally risking money to make a profit, but trading has an object in trading while gambling only has money in the bet is not in the trade.
i think if it all involve risk then maybe it can be called a gambling in different way because in trading there ia no always assurance that you can get exactly what you aim. there is what so called an unpredictable result so that situation alone you already gamble. Since those are your thoughts and how you see trading, I would not really blame you if you consider trading as gambling cause of course, your action is pretty much a gamble. There is more to trading than just making wrong or right assumptions out of nowhere or just from your thought or what you feel like. It is not tails or head. You have to learn, you have to be able to analyse and you have to be able to make good quality decisions to be able to win more. All this you cannot find in gambling. Why do you think there is no trading addiction or why do you think good traders are doing successfully while some people keep cursing the day they started gambling. I believe you should be able to answer those questions yourself. |
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Ugh. I've lost so much potential profit by not being patient and not believing in bitcoin--but I don't dwell on it, since none of us knows what the future holds. Me too. I remember way back when I had 156 Bitcoin. If only I hadn't ever clicked a mouse since then  Regret that has happened but it is better to have a new design for how to get bitcoin at a high price at the present time  Shits happen and there is no way we can get back what we have lost or rewind back the hands of time. The mistakes we have made in the past is what should drive us to make better decisions now rather than regretting. We do not know what the future hold, and if we did, so many people would have held thousands of bitcoin they had or even would have devoted their years to mining when you could still get some bitcoins then with even just your PC when it all started which if you had kept would have been big now. |
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you can make money by applying any bounty!
Airdrops also can help you earn..if you have altcoins, you can change it and convert to bitcoin and there you can keep all along until the value of bitcoin arises...it is just like investing your coins...
Bounties have been some pretty good place I have earned so much from and I am surprised that there are so many people who visit that bounty thread often than they visit the services thread to earn BTC. If you can research a good project and join the bounty to earn something good, it is something that can pay you for life than if you even earn in BTC. There are some twitter campaign in the bounty thread that has totally increased in value from what I earned from it compared to what I have earned in BTC. It is left for everyone to find how they can be smart with what they have at their disposal to make money. |
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The first reason i gamble to have fun, in my spare time.
And the second reason to make a profit even though i sometimes experience losses in gambling.
I'm sure everyone has the same thoughts as me.
Do not ever think that gambling as a livelihood because it can make us stress when experiencing a very big defeat.
Yep you are correct, living off of gambling is extremely stressful. Once it's going good and you are keeping up with whatever limits you have set it's amazing but then when you have 2months of losses.. it sucks. I've been there and would never recommend anyone to try it, it's hell on earth basically. Honestly, not just stressful but draining both emotionally and physically. It is always so easy to say you will get out once you see you are getting in too deep, but the reverse always end up being the case. Gambling is crazy and for anyone who does not have self control, it is better not to get involve at all than starting and hoping the impulse will be easy to handle. |
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I really think it is up to the gambling sites to consider this but as the value increases I think they would really think twice because if they did they would sure have a tons of bettors to play in their site, but I think they will not because this is an opportunity for them to really bail a great value because of the price increase,
Having tons of gamblers on the site would not change anything for them. They have a huge bankroll too and that will most definitely increase in value too as well. The only thing which most of them has done is to reduce the amount you can bet at once to extreme minimum which is 1 sats, so it is left for you to decide the total bankroll you want to bet with and the minimum amount you want to start betting with. Does not change a thing. |
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I think that it is a good choice to set up limits when we play in gambling
control your money in gambling or you can loss all your money if do not have set up limits
Controlling your money or setting aside some part to gamble with and if you lose, move on can only be easy for those who have so much to throw around. Maybe you have some plenty money and you just want to try your luck, which could be worth it if you win and also crazy if you lose, but at least you will know you are worth much more. But for someone trying to survive and who is mistakenly seeing gambling as an investment, that is just the beginning of the doom of such person when they start losing cause they will always be after recovering until they lose all. |
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banks will be eliminated if they do not keep up with developments for digital currencies, they will be very hard to keep the bank productive and not eliminated. banks must cooperate with digital currencies such as bitcoin in order to always grow. Banks cannot be eliminated, they will still always be there whether we like it or not. Sure, blockchain technology is going to change so many things, but not banks. Governments will look into the technology, build their own cryptocurrency as we are already seeing from some countries and regulate it. That won't stop bitcoin, that won't stop the rest, but they will utilize the technology for their own benefit and banks will still be at the forefront for those who wish to use the currency. All the above , before then, a lot would have changes even for bitcoin and probably some of us would have been laid down to rest. Also, with the way we have it, fiats are still going to be much in use most especially in some parts of the world and with that, banks will still be in operation. |
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Many gamblers know that they can't win money from gambling but they keep on gamble again and again but not with a small amount. Some people even borrow money from others to gamble. That means they never learn from their past gambling mistakes.
Are you doing this kind of gambling mistake?
Gambling is a form of entertainment and pleasure for sime and I think that sometimes it cannot be helped. However. Losing gives motivation and also helps the gambler to learn a few tricks and tips and that way he can minimize if not completely erase his lossess. And what I suggest for such gambler who have a big loss or small loss or any sort of bad aspects coming out from this gambling, he must quit this. Go away and don’t turn back. It is often advised not to give up to any situation but I think when you, unluckily, encounter with gambling, give up on the spot. That will be better for you rather making it source of entertainment or anything else. There is no doubt in this thing that if you are losing for many times in gambling, you should quit it as soon as possible because even if you are stick to it after losing huge amount, it means you are addicted to gambling. Even if you are making money, still I will like suggesting you stop gambling since it is highly addictive in nature and you may lose more than you won. Stop even your friends also from playing this evil game. |
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Three reasons to invest bitcoin:
It is fast in terms of processing transaction,
It is decentralized,
Less tax, and profitable
The first reason which you mentioned may not be valid as until now the bitcoin transactions are not that fast and takes some time for confirmations until you pay high fees. Hope it will be resolved sooner. Being decentralized makes it more profitable as it keeps bitcoins away from the government and unnecessary taxes. Although we have to pay some small taxes while converting our bitcoins into fiat. Bitcoins are easy to use and global transactions makes it more famous. Bitcoins have made global payments easier. |
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