So guys, after 2 years of trading i am going to stop. (unless i have full time to trade, which i currently don't)
I have calculated all my trades on the various platforms i have used in the last couple years.
Deposited: 47BTC (roughly)
Withdrew: 40BTC (roughly)
Overall i am happy with the results, i would pay 7 BTC anyday for what i have learned so far.
Now the question is: what the fuck do i do now with my money.
Put it in a cold storage and forget about it for some time! Do not invest, since there is no real and fair opportunity to invest. There are all scams and ponzis. Don't gamble. Reward yourself and buy yourself something nice since you have a nice stash here and put the rest in the cold storage!  Why quitting trading i dont understand why people want to quit tradings because tradings arebeter than investing with the bitcoin you can make allot of money with the bitcoin when trade. This guy is already losing his money in trading so it is just right to quit in trading, you have to bear in mind that trading is not for everyone and we cannot make profit easily just because others are making profit, when it does not favor on you anymore it is good to quit early that accumulate a bigger loses. Not at all times ..no ,trading is for everyone why we can freely access the trading sites ... That luck and skills are not for everyone because some trader are keep on repeating their mistakes instead of changing their ways how to trade not all people are learning that matter that is the problem. Definitely and with that kind of attitude, it is better to quit trading the soonest as you are just wasting you money, if you will not improve your method and learn from your mistakes, you will never be successful. |
|
|
|
Forced saving has done wonders for me. By having a portion of my salary deducted and invested monthly, I am able to save more efficiently. And the good thing about that is it earns me a passive income from dividends that are given twice a year. I am targeting to make my contribution bigger so I that I am able to save and invest while I still can.
Seem a great move dude, if you will continue doing that and you will be focus, there is no doubt that you will earn more in the future, and with investing in different investment or diversifying your investment it will minimize the risk while maximizing your income. |
|
|
|
Usually most people that I have learned how they got rich, usually start some form of startup, kickstarter or website that ends up being a success. To get rich you need to attract a lot of people into your product, whatever you are doing must be exposed to a lot of people.
Either that, or you get rich with investments.
It is really hard to tell what specific things that can make us reach because we do have different interest in life and when it comes to business our interest is the most important factors to consider as that will our passion will be use to improve our business to succeed. |
|
|
|
yes its really possible that bitcoin reach to 1000$ because adoption of bitcoin increasing too much faster day by day and i am sure that price of bitcoin will be rise up in the next year and we can be get a good profit if we hold it for the future.
I think you just misunderstood the topic dude. What we are talking here is "Is 1000 btc possible" which means we are not talking on the value or price of bitcoin it can reach. |
|
|
|
Trade on growth and falling of exchange rate of bitcoin, but one of the most profitable, but least stable and predictable ways of earning bitcoins is to buy and long-term storage for the purpose of selling after a significant growth rate.
I wish we could easily do that, the reality is that not all people have the capacity to invest on long term investment, most of us here wants an active income as we do have our needs also that we need to face on a daily basis, maybe the only solution is to invest on short term investment or trade. |
|
|
|
I would do as others have said and stick it away for the future its possible that bitcoin will be worth a fortune some day
This is what I'm going to do too because that 10 bitcoin is going to be a big amount already and that can secured my future. So what I'm going to do is going to do the same as the early bitcoin holders did. So upon seeing today that they are already bitcoin millionaires what I am going to do is keep on holding it until the price will be higher. Since bitcoin still not so popular we have still in early stage where bitcoin still low value.. if bitcoin can be know also locally we will see the value of bitcoin will be more price increase because it can reach more investors someday.. Here's my plan: -Invest 2 in a few gambling sites bankroll -invest 1btc in some altcoin -start trading btc using 2btc in max -leave the remaining 5 to chill on an offline wallet for the better days. Looks like a good plan, i would save all my coins though. who knows someday bitcoin might be worth $10k and if i lose few of my coins in altcoin/general investments i would feel awful. That is going to be a lone wait as we are not even 10% of the amount you are talking, you cannot just wait for a long term with the whole amount of money you have, you also need to involve your self to be active earning on a regular basis, trading would help to gain regularly. |
|
|
|
hello, I would like to try my luck from gambling.
what kind of gambling that you think is easy to make a profit? and what strategies are you using?
I'm not sure whether you are joking or not but your question about "the easiest way" to make a profit from gambling looks like a joke to me, because it's impossible to name even a hard way. Well of course I can tell you that you can go on a reputable dice site, make a bet 0.01 BTC with 0.01% winning chance and you will win 99 BTC risking only 0.01, but the probability of this is very slim. that is so true. House edge is our enemy when we gamble - casinos are designed to win over the gamers. We should only take gambling as for fun and entertainment and only play a certain amount that it won't really hurt us when we lost certain bets. And as what many gamblers are saying and advising, if it ain't no longer fun, stop betting already. That is what it is told that Dont play high in gambling casinos as you cannot win against the House Edge. It is better that you can bet on sports betting. As their you can win with analysis and doing reports of the teams and their past performances. So their is not easiest way of making profit in gambling casinos but you can do it in sports betting where if you do some work of preparing reports of the matches and teams you can win easily. That is so true. It boils down to the basic that in order for us to make a good amount of profit or money, we need to work hard and smart for it. Let us not be like some of the gamblers you just bet randomly and cross their fingers that they will win big amount of profit - this is laziness to the highest level - better work and earn a descent living that is based on hardwork. If you will keep experimenting in order to win in gambling, it is just like you are wasting you time and effort because you can never be successful with gambling and even if you have a successful method that you can discover but such method will not last as gambling sites will adjust. |
|
|
|
I do not spend your Bitcoins. I earned very difficult. And I will wait until the price for them will grow
Yes same here it is hard to earn bitcoin this is not easy and we are just earning few but we have a chace that the price of bitcoin will increase more that our bitcoin we holding for a long time can get more benefits because of price increase.. We hope that the price will continue to increase so that our income will have a bigger value, also we do not need to spend all of it as the price is increasing so it is good to have at least something we can save for the future. |
|
|
|
no. I wonder why people always raise this question, people in poor countries generally do not have the technology, nor the education to use bitcoin
You're right, but not at all in this day a lot of the people in the poor countries is raced for gaining a high education and knowledge but could this is not applied in the Africa in my mind.  That's the fact in depressed areas and that is really the situation in some poor countries especially mentioned Africa. Because even we can say that bitcoin is easy to be learned. But their government is not able to support them in terms of education and technology so whether bitcoin is going to help them still they can't move because they don't have resources. Because they know that when bitcoin will be popular and people will love it, it might affect big businesses that they are protecting for their personal interest. I guess we will not get any support from the government in the future, but despite of that we are still seeing that bitcoin is very progressive. |
|
|
|
That could be the case, but right now a bitcoin is still worth $600. I will still invest in it but we all know that it is a risky investment and shouldn't put all of out money into it.
The price of bitcoin is a great justification that bitcoin is not destroyed, what I see is that bitcoin is very profitable when it comes to investment nowadays because people are coming in to adopt with the new digital currency that is going to be big in the future. |
|
|
|
Banks has their issues hackers are able to steal all accounts balance small ammounts that the most wont figure out, soo they look a safe place but arent at all, people do assault them, bitcoin wallet to get hacked now needs to know password, secondary and the digits, otherwise wont be able to do anything, besides the hacker must know the email, atleast blockchain.info requests just those.
They can hack your account but for sure they will be trace because banks does not allow you to create an anonymous bank accounts. It is the security that is the benefits to secure our assets or deposits in the bank, unlike in bitcoin wallet when hack you cannot recover the amount anymore. |
|
|
|
Fiat will never be worthless even if bitcoin price is $10,000 unless fiat is replaced by bitcoin. What I mean in replace is that the value of bitcoin will not depend on fiat anymore, it will have it's stand-alone value and will be used in daily lives, if that happens, fiat will be worthless but seeing it rise at that price, even if it is $100000 fiat will have worth unless no one will use it when that price is reached.
Even if bitcoin reaches to that price level, I don't think fiat will be worthless and people are who are not aware about btcoins will prefer to use fiat as its easy and convenient to use. You are right! And this will just show us how much potential for growth Bitcoin has and that it's value is very very tiny at the moment. Bitcoin will be used as safe haven and investment first by people who want to protect their wealth. Fiat will still be around and used by a majority of people. However the ones who know Bitcoin now and have a bit of skin in the game could possibly profit from it on a big scale in a few years. Can you imagine 1 satoshi = 1 dollar? Well, neither that the Bitcoin will have a good marketcap. Fiat money are controlated by governments, they will always have their place in economy, nothing can beat banks+governments. I certainly agree with your statement, everything requires the approval by the government and we cannot get easy approval that is why now bitcoin is till not legalize because it has no features that will comply with the government laws which is the KYC policy. |
|
|
|
I have some assets / investments that I am willing to let go in case I need money badly. But the thing is I will have to wait for at least 3 days before it gets credited to my banking account. I think I would also sell most (if not all) of my bitcoins just to be sure that I won't run out of money in times like these.
That is good at least you have something to sell and that alone will already solve the problem, if you really need money urgently, you can take a loan and will just make your asset as collateral, a lending company will accept that as along as you have the capacity to pay. |
|
|
|
I have started collection ETC, because ETC is real ethereum, ETC's price is cheap and in my prediction the price will going up about one or two years later, and i make investment into ETC is for long term. And of course with low amount of capital, because always there is risk on instrument of investments.
I would sell any decent rise in etc by hedging in eth for any falls. Etc is not the real eth. Well thank you very much for your strategy of trading on eter coins, but i think you must explain more about the statement of Etc is not the real eth because there are many people said that ETH was hard fork coin and ETC was real ethereum. It will become more details the informations. Etc needs someone like vitalik to lead the way.. currently it is just copy paste.. if it innovates on its own then it may gain traction but not likely... charles isnt the same class of innovation as vitalik can be.. its still to be seen if etc is more than copy paste Ok i can understand about your point, so it is about developer of ETC there are not developer for it and there are not bagholder into ETC, i agree with it. That is why i make investment into ETC for long term because of there are not developer of ETC, it will become more fair than ETH that has big money and remember bitcoin its self there were not developer in the earlybtc has the first mover advantage eth does not... the next 3-5 years both etc and eth may not really go anywhere until smart contracts if at all get moving... until then it will be p&d or eth may rise a bit... but i dont expect much... 0.031 tops for eth otherwise 0.055x and 0.07x if it does pop.. those are my targets i had before i sold my eth.. gluck. That is your opinion as we really cannot tell the future either way. Ethereum so far is a good investment for me as we can determine it has a great volume and people trust it though I may agree with you on some point that it is not good for long term investment. |
|
|
|
Great question! Simple answer, it depends. What are your goals with the money? Where do you want it to be in the future? How will trading fit into the rest of your financial planning?
I think it's always going to be the same answers when asked how to trade with a small amount. You can't do much with a small amount, you could buy up a lot of cheap coins which have an okay foundation and hope for them to go up in value before you dump them all rinse and repeat. You can start small amount of money in trading in yobit but that is only good if you are just studying because with small amount if will not take you anywhere, trading is more better if you can trade with a decent capital so if you will succeed you have great earnings. |
|
|
|
if you can make over 20 btc @ current rate in a month yes quit that job
If you can do that 20 btc without risking your day job. That would be better. Bitcoin is not forever and you wont even know what can happen. There is also no retirement pay. You create your own retirement money. Yeah, you never know what will happen in future and quitting job for bitcoin is not recommended as it would very risky if bitcoin loose its existence in future. Indeed with a job your most of the time somewhat safe and you have a stable income etc. But with bitcoin you don't know what will happen maybe it will die out or maybe you won't be able to earn enough to sustain yourself.. very risky. In determining that opportunity, we should not only look at the positive side like with bitcoin although it has a great future and there is a possibility that we can earn great returns in the future but due to the fact that it is decentralized and nobody controls this, that alone is already a big risk. |
|
|
|
There are lots of ways to save money but you have to know that saving money is the hardest thing for a bitcoin user because saving money is one of the biggest problem for allot of people becuas ethey like to spent money insteaed of saving it because it feels great to buy new things.
That is because there are a lot of temptation in this world, if you do not have the discipline to save you will never save any amount for your future, some of the happiness is just temporary if we just buy our wants, we will just realize that savings is important when we are in desperate need of money in the future. |
|
|
|
For me the most valuable bitcoin brings into my life is because i have a dream for the future and I realized that bitcoin is the easy way to get a lot money from internet. The best thing of bitcoin is accessible and easy in the disbursement of funds. to tell my child soon, i should have knowledge about cyptocoin more than now so if he ask about btc or altcoin i can explain to him clearly  By staying here more often you will get enough information to share with your kids, it is great that you found this place as we all have the opportunity to earn here, there are a lot of opportunities and although I am just earning a little amount here but I am working hard to increase my earnings. |
|
|
|
So guys, after 2 years of trading i am going to stop. (unless i have full time to trade, which i currently don't)
I have calculated all my trades on the various platforms i have used in the last couple years.
Deposited: 47BTC (roughly)
Withdrew: 40BTC (roughly)
Overall i am happy with the results, i would pay 7 BTC anyday for what i have learned so far.
Now the question is: what the fuck do i do now with my money.
Put it in a cold storage and forget about it for some time! Do not invest, since there is no real and fair opportunity to invest. There are all scams and ponzis. Don't gamble. Reward yourself and buy yourself something nice since you have a nice stash here and put the rest in the cold storage! I dont see it why are people quitting with tradings trades can make people very rich ok it is a bit unpredictable but what if you make the trade of your life You will not regret it for sure and i know people love to see others makin gmoney with the bitcoin that stimulate them. You can't blame them dude because trading is not for everyone, you might see others that are already rich because of trading but that does not mean that anyone can do it, it is all about numbers and analyses and not all people are good at it although they tried. |
|
|
|
The actual best way for a steady income that I know about is having a full time job with a full time contract so you know how much you earn per hour.
If you own a business for example or work for yourself you will never get a steady salary and have a steady job cause anything can happen and you can go bankrupt.
In your country you are paid per hour but in our country we are paid per day, there is a big difference because we are not earning big here so we are hoping bitcoin can somehow help us in a little way, that is my first goal when I came here but the longer I stay here I realize that there are bigger opportunity here than in real world. |
|
|
|
|
Show Posts
