Just learn about technical analysis and read the daily chart, if the price on the bottom that coin has possiblity to increasing fast, so learn how to know the price in support and resistance area first so that will be easy to decide when buying and selling. And other think learn about fundamental analysis like aim of the project, credibility and profesionalisme of team founder and the uniqe thing about that project than others.

Bitcoin is impressive in many ways. It let you earn without a money to start with.  And how it’s value changes. And also how it works. And the most thing that impresses me from bitcoin is that how it is made that everyone can earn from it and I’m impress to the person who think and work on the idea of Bitcoin.

It depends if you have skills on that, trading is combination of talent and luck,, on your question its yes,, because there are lots of trader who has a good income that makes them rich,, add also have a good profit,

I think investing all the saving is not so good. You have to keep little portions from that and can invest the rest. And cryptocurrency is good for investment and making the profit. You can invest on Waves. Now Waves coin price is low($3.85-$4.50). At the end of this year, Waves coin will be $10. And this is the most potential coin.

I do not know if this is the right decision.But this is a huge gambling.For Bitcoin anything can happen.Currently Bitcoin is available to buy. After the purchase, you will get more profits.But selling the house is a gambling giant.Anything can happen in gambling.No matter how many times you have to make a decision. Gud luck

Yes i think digital currency is the future of currency instead of paper money, If on think about bitcoin for last couple of months BTC become too much famous and get a great value that was not before mostly big companies big brands starts to accept bitcoin that create a great hype and make the bitcoin price and demand increase, So these are the reasons that makes bitcoin strong.

In trading it is always advisable to use a stop loss in trading to reduce the risk involved, it is also advisable to trade with the amount of money you can afford to lose. I.e Do not carry all your eggs in one basket. And always look for profitable trade with a high risk to reward ratio 1:3

It depends on what your strategy is. You can't hold on forever, that would be a stupid thing to do. The best strategy, I think, is that you buy low and sell high. That means that you don't hold your coins until kingdom come, you hold them until you see that opportunity to sell them and make a profit. After that buy again when time comes to buy, that way you get a stead stream of income to your trading and not just speculating that the prices will go up in the future. But that really depends on the strategy of the investor/trader. It all varies from person to person.

No it won't, unless you like breaking the law which is illegal and something I strongly recommend that you don't do. Bitcoin will have to be reported to the tax man but I am sure if you ask someone who has more information about this you will see that jut like fiat there are certain income generating ways that do not have to be taxed. But that depends on national law.

Well it might be necessary to divide your salary you can engage yourself in extra jobs online just to earn bitcoin like signature campaigns and other services with the aim of investing every bitcoin if you can do this successfully for a year I can assure that you must have saved enough bitcoin while you spend your salary on other expenses.

If I see that the coin that I have and it will increase the price first i will check the buy orders so I can know if many buyer want to buythat coin if you see more maybe the coin you bhave it will increase more so you can hold it again. But its up to you if you want to sell it or not. Because if you choose selling is also good because you make profit is good. Holding coij again is also good because you can make more profit.

If you have to ask whether or not it's possible to generate enough profits on a monthly basis, then trading is most likely not for you. Because if it was, you would have figured that out already. Some people manage to gain enough profits where they for example could make that their main source of income, but these people are mostly whales with enough funds to comfortably trade their way up. But the thing is, there is no such a thing as fixed profits. One month you'll make 10-20% for example, where the month after that you don't reach further than 5%.

Experience is the best teacher. If you wanna become a successful trader, start in a small amount in trading to gain knowledge. Also learn from the experts here in the forum about what coins should be trade. Do not be afraid to takw risk because everything about trading is a risk. If you fail, dont become upset. It is normall. Trading start in a mindset. Once your mindset is strong, you can now start trading.

Just stick on your belief. Don't listen to those people that will not help you for you to got up from your position. If they don't want to believe on what we are believing that this will help us up, then don't help them.

panic is the reason why people are losing money. I will advise you to hold and if you have more fund buying the more. The cryptocurrency market is currently at the infancy stage and age, in years to come we are going to see majority of them trading above 100$ and bitcoin above $10,000. You should not follow trading newbies to trade out of fear and panic but trade based on facts and analysis.

Is possible to make decent monthly income from BTC trading but first you need to have in depth knowledge of how trading works, human psychology and also good start up capital. Trading Altcoins is also good too if you can add to your plan

I have so many plans with my bitcoin. But for now i would like to work more for it and earned a lot of bitcoin in this whole year to have a sufficient funds for building a small business for my family to have a stable income and a better future. And i can achieve all of this with the help of bitcoin and hopefully bitcoin don't totally banned in my country.

If you want to be sure you don't miss a potential further upside buy now with a smaller part of your available funds. A correction is indeed very expected,but it needs to be seen if that will happen after the CME bitcoin futures integration or maybe it will continue the uptrend. To use your wording: There are "dramatic" times to trade bitcoin,but on long term be sure you will win

That depends on your expenses and liabilities. After deducting this, park some money for emergency and rest can be invested in various commodities. it usually account for 30-20% of your salary. From that amount, I am investing about 60-70% in Bitcoin or cryptocurrencies alone and rest in other assets.

They are suggesting to hold because most of us bought their cryptocurrencies at the top or the peak price of the cryptocurrencies and we cannot just sell and accept the loss because we have a choice and that is to wait and hold so what would you prefer? Selling and having a loss or holding and having a chance to get your losses back if the market goes up again?