By having a plan first before taking an action. I have to know the risks first if I wanted to invest into something so that I can plan ahead whatever happens. To be successful in trading, research about the coin and see its movements from the past. If you believe that the coin has a good developer and has a product that people will benefit in the future then the price may increase in the future. You can also observe it through technical analysis if its in the bull or bear market. To make more money, just diversify your investments so that you can have multiple sources of income.

In trading you need to control your emotions because once it overtook you then you are bound to lose because you are not rational with your decisions. Since you are still new in trading, you should spend more time to have the experience necessary to be able to trade without the hindrance of your emotions because you can fully control it when you practice consistently. You can develop your own trading strategy and will know what aspects you need to strengthen to have a profitable trading.

I would cash out some because I wanted to reduce my risk of holding just bitcoin because what if something will happen that we do not expect, then I will lose it all. I know that it is something that is highly unlikely to happen but I'm just being sure. I would use the money that I cash out to build another business not related to cryptocurrency to have another source of income.

My plan to my earnings is to save half of it for long term investment and the other half, I would cash out to have a business like real estate and I will venture in agriculture as well. I am planning to build some flats or apartments for rental as passive income and buy some land too, preferably farmlands because its value is increasing always and the crops and livestock are good source of income too. We should spread the egg to minimize the risk.

You can start with the basics first like understanding how trading works, lows and highs, volume, learning about the meaning of shapes of the candles, patterns, technical and fundamental analysis and read about the altcoin too that you want to trade like any news that may affect its price.


I use Poloniex before but transferred to Bittrex because of some issues in Poloniex recently.


You can check their website, in this forum and others as well and their social media accounts to know about the coin and its potential.


It depends on your preferred strategy.


10 if you just trade instantly without knowing anything about it and you can reduce the risk by studying, researching about it and with proper knowledge and experience in trading as well the you can reduce it up to 1.

Yes its possible. You can even double or triple 1 bitcoin if you choose the right pair at the right time. With 1% target profit then its very possible but if you can gain that amount quickly then you can lose that amount quickly too if you don't have a trading plan. When the price is not going your way then you can set a stop loss but if you believe that the price will go back up because of your analysis then you can hold the coin till it hit your target price. I can observe that some trading groups have a target of 5% minimum target profit per trade so 1% is achievable.

Well mate, if its HYIP then there is a higher probability that you will never be able to withdraw your earnings. HYIPs are scam or is there a legit HYIP? All HYIPs that I know of are scam. They are paying at the beginning to encourage more investors and then later on if they already hit their target, they will be gone with all the money that all the investors entrusted them to. They may be paying for a year, month or weeks but sooner or later they will be offline and there is no one you can turn to.

I use bitcoin sometimes for paying the bills or for some immediate expenses that I need to pay but if I have fiat then I would not cash out bitcoin because I would prefer my bitcoin for investment. When I received payment for my services, I would allocate some for savings/investment and then some I would add it as capital to my trading account to further increase my funds.

Some of the experts before said that cryptocurrency will just disappear in the future because it has no real value, it has no physical form but what they have failed to realize is that people need something new, something that would solve the existing problems like transparency. Having middlemen to process transaction have imposed some problems like funds not going through, incorrect amount etc. Blockchain technology made it possible for us not to depend to them and just directly transact to the company or people who are concern and through this way, we could monitor in real time and transactions are processed efficiently.

A gambling site would be more profitable than a dating site because a gambling site can cater more people if you base it on age group. From teenagers to elder people would want to go to gambling site maybe for fun or just for profit to earn money and when they lose, they would want to come back again to get back what they lose while in dating site, people there are looking for potential partner and more often the people who visit there are adults and if they were able to find what they are looking for then they would not come back to the site anymore and they also have an alternative site which is the social media to find the perfect partner for them.

Traders would sell their altcoins to have more bitcoin in their wallet and then when they think through their technical analysis that price of bitcoin is almost or at the ceiling then they would convert to USD having more cash in hand. When the price of bitcoin drop again then they can buy more bitcoin and then shift to altcoins again buying some of it because when price of bitcoin drops, price of some altcoins shoot up so in this way traders will have more money taking advantage of the opportunity.

There will be more countries that will follow Japan in the near future. Seeing the role of cryptocurrencies in the economy now would make more investors and businessmen engage to something that will be mainstream. They cannot deny the fact that bitcoin or the cryptocurrency as a whole is slowly overtaking the big players before like paypal.

It means being use by ordinary people not just those that are tech savvy or crypto enthusiast. Being a payment option for almost all the businesses wherein people don't need to convert to fiat anymore in order to pay something but direct transaction btc to btc. Having a mass adoption where the government supports the adoption of the coin legalizing it and thus not hinder the people to use it as mode of transaction.

Yes as long as one of them know already about cryptocurrency because probably they might be delighted to see that their gift maybe one of the factors that can make them retire early. It is not wise to give bitcoin a gift to people who are not tech savvy or those who have no idea that bitcoin exist because they might just disregard it or will not access it but maybe if you explain to them properly what it is then it might make them be interested especially if they know how much its worth.

Bitcoin for me may be my chance to get rich. I had so many attempt in investments before which turns out to be scam so I am very careful now where my hard-earned money goes and then I discovered the existence of bitcoin which give me a chance again. I am investing in myself now learning to trade because I think that would be my best way to increase further my funds. It has attracted the attention of big players in the market now that's why a surge in bitcoin price and being involved into something that has the possibility of increasing up to 10 or 20 more times is incredible.

I am not afraid that bitcoin will be that expensive because price of goods and services that we wanted should still be at the market price. Yes we know that bitcoin's price will increase but then we need smaller amount of bitcoin to have what we need because its prices does not depend on the price of bitcoin but on the state of the economy as a whole. That's why I am acquiring satoshis as much as I can nowadays because price of bitcoin is in bull run.

If I have a lot then I would spend some and then save some. What's the use of saving it for a long time and then not being able to enjoy some of the profits. Yes it feels good that you have a lot of money in your wallet but you have to enjoy from time to time and to be able to do it you have to diversify the risk. Spend some of your money creating other business and then the profit of that would be use to create another one and then some would be for enjoyment as well. In that way, you diversify the risk and the value of your bitcoin increase as well.

Crytocurrency got the attention of many investors now so maybe sooner or later, there would be a restaurant in your area that will accept bitcoin. It's not that widespread yet and maybe owners don't want to engage into something that is new to them and as I can observe now, the large investors are shifting some of their assets now to cryptocurrencies and then owners of businesses later will have the option of accepting cryptos as mode of payment since they don't want to be left out.

I agree that having your bitcoin in your wallet is safer way and the best way I think that would make huge profit is trading. It is very risky especially if you are a newbie in trading. Many people lose in trading because they are trading base on emotions not having a trading plan in mind so better study it first or learn from a mentor and develop your own strategy. About gambling, it is very risky as well but as what they say, the higher the risk the higher the reward. It depends on your risk appetite where you wanted to grow your coins.

It is preferable if you have job and bitcoin because we never know for sure what will happen to bitcoin so if we have multiple sources of income then we would not always be worrying what if something will happen and you will have no source of income at all if you choose bitcoin over job. Maybe for other people who earn higher in bitcoin than their current job would prefer to quit but I highly recommend to have another source of income at least to diversify the risk like having a business that are either online or offline.