The best way to double your money is to buy and hold. Period. Anyone who bought and held Bitcoin so far never lost any money. Think about that...
i am with you and I know it is really works to double our money using bitcoin. we don't have to trying to learn trading or anything else. the only one thing that we do is hold as long as we can. if you have patience then in the end you can gain big profit for holding bitcoin. many people proof this and many of them still holding bitcoin.
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in my opinion, bitcoin is not yet defeat gold as we know many people still using gold as their investment because they believe that gold is the safest investment that they can have. although the price is higher between bitcoin than gold, but people still choosing gold and gold is famous investment in our offline life.
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In order to answer this question the first thing you need to answer is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?
the meaning of invest in bitcoin is I want to buy bitcoin with fiat, its like you buy stock in stock market, you trade in or you hold it. I think its because bitcoin itself have value, not just money value but economic value which is in future we can use bitcoin to buy in online shop or offline shop (we can buy it now if we want). bitcoin does not related in any companies but if you mean its like another investment that using bitcoin as payment then I don't want to join because I am making profit while I still holding bitcoin itself. I am daily trading with bitcoin and altcoin and this way I think I can increase my bitcoin without doing any of investment you mean.
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How to trade this ?
should you close when up to take profit , and wait for it to go down to buy back ?
it becomes a full-time job like that ! so impossible
how to trade is when you can buy in lower price and you sell in high price, its the basic of trading. when we take profit? I think its depend on how much we want to take profit, if we want to take bigger profit then we need to be patience to see the higher price and then we can sell and this is works too with buy back in lower price.
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I wish every our dream will be happen in future because with crypto currency, we can make our dream come true. just imagine, if we buy some coins in under $1, then we don't do anything with the coin and let it in our wallet, then suddenly 1 years has pass and the price is jump at $1.5. imagine if we thousand of the amount, I guess we will cash out our profit.
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Nope i even not consider that gambling is jist liked a trading. Because gambling is gambling, percantage of win is always 50/50 and we can't changed it because it is functionally programed. Just thinking that i even not consider gambling as a trading because trading have many sides that need to learn.
beside that, gambling have many games that we can play but trading need some skills to analyze and choose the coins. although the chance for trading and gambling is almost the same, but I don't think that trading as gambling. but I am prefer with trading than gambling because I think with trading I can make profit although its small.
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I think bitcoin is a currency on internet and also an asset for me because bitcoin can give some benefits for me which is I can save it for a long term. bitcoin as a currency will be used to exchange from crypto currency into fiat and as an asset, it will work like investment for every people so bitcoin is both currency and asset.
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I've been using coinabase but fees are high. Anywhere "much" cheaper?
Thanks
so far, I am using localbitcoin to find recommended seller and I am using my friend services. I don't know any place which have cheap place to buy bitcoin because so far, I think the different is not too far. maybe you can find one seller or two in your local city so you can get bitcoin with cheap fee. but if the fee is less than $5, I think its no problem and its fine.
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litecoin will be grow soon and I am sure the price will be follow too. many people is underestimated with litecoin but I think litecoin have a great support and community and we see what is happen with litecoin bitcoin price is increase. litecoin is trying to reach new price like other coins and I think its worth to invest our money with litecoin too.
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for me its better to save bitcoin than selling bitcoin for now because beside the price is down and need to increase again, the next month or next year, the price will be too expensive. and this is my reason to save bitcoin and I don't want to sell it right now. I know that no one will know how much the price will increase but at least we have a bright future with bitcoin so I think its worth to save bitcoin rather than to sell and just waiting the higher price.
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I still save nsr, nobl, myr, dgb, xrp in my wallet but the most coins I have is dgb, nsr and nobl. for nsr and nobl, I save it in cryptopia because only that market which trade those coins. for dgb, I split in two market which is poloniex and bittrex, I wish soon dgb will increase high. holding these coins is like waiting a big bang explosive so the price will jump to the sky.
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Bitcoin has become the world most valuable asset and the value keeps going higher! Why not we should focus on saving more bitcoins than selling our last remaining bitcoins? I read and hear from a lot of guys owning bitcoin saying, should I sell my bitcoins? The issues is, if you sell all your bitcoins when are you going to buy at lower price? There's no guarantee when exactly bitcoin price will surely come down. Share your thoughts about what you think guys. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) for you information, not all people which in bitcoin industry have money. I am sure that in here and out there, many people is trying to earn money from bitcoin so they can use their money to buy their needs. but if all people in bitcoin have the money and not worried about the money, then they can save more bitcoin than selling their bitcoin. we need that money to continue our life and from bitcoin, we can make that money.
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How to identify whether an altcoin is scam or not? This happened with me today. I bought ACRN coin from yobit yesterday for 0.01btc and today morning its price was 1 satoshi ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) Doomed!! Altcoin is not a scam. You just happen to mistakenly buy wrong coin or you are not reading carefully. First of all you must read carefully and research as much as you want to know if you want to buy a coin , you must know if its safe and it has a value but we all makes mistakes so just be careful next time and dont make any haste decision that you might regret. if the coins is on the market, then the coins is not scam although this is not guarantee but as long as there is any movement of the coins in the market, then the coin still have a chance to go up. I think he make a mistake when he bought the coins at the highest price and I think the coin is new comer and it makes people to buy in rush and suddenly the price is drop to the bottom. next time, maybe you don't have to go to new coin if you are not sure. I think its better to buy for a coin that already listed in the market than buy a new coin which getting temporary pump.
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It's been on a high lately, and I would've guessed that it would've fell already, but it keeps climbing. When will it fall? When should we sell? Or should we hold through the next fall? what comes up must come down.
we've already seen the price is fall and there are many people using this chance to buy bitcoin again. when should we sell? this is depend on our self on how much profit we want to take because target price to sell for each person is different but for me, I will sell in higher price than now and I want to waiting for next highest price. if there are any fall again, then I think its the best time for us to buy bitcoin as much as we can so we can have much of bitcoin.
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i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically. ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) what is your opinion? It is more better to spend time in trading rather than in gambling like the other's do. Anyway, it doesn't bad to spend time on trading because trading is not an easy job meaning, it is just normal because you must keep updated and monitor the coins that you are trading. Anytime it suddenly change hence you must be keep updated. Spending more time in trading is fine as long as you don't get your emotions involved. Because once it does, bad results and trade are most likely the outcome of it. To avoid emotional factors on the trade, you must be sure of the trade happening and monitoring is a very good way to help yourself calm and rely on wha't happening. in trading, we must control our emotions and not become panic when we see bad things happen. only us that will know how much we want for spending our time but I am agree that we don't have to spend much time for trading. we still have another things that we should do for our life. so do trading and expect for profit while we must be careful to make decision to buy and sell coins.
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i am telling to my friend to about don't be afraid of august 1 because it should like that and nothing to worried. some of them listen to me and some other was not and selling their bitcoin fast. but for my friends which is listen to me, now they are thanks to me because now they can have money from their profit and half of them is trying to sell for some part of their bitcoin.
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My advice, if you have $ 10 to invest, you should choose the cheap altcoin but have large market capitalization and you will surely earn a little profit if you invest right now. I think you should choose the XVG because this altcoin is very cheap and has a good market
I am agree with you, I am sure there are any cheap coins in many exchanges for example beside xvg, rdd, bcn, xdn, xmy aka myr, bitb, burst, coval, sc, aby, thc, dgb. from that list, I give my suggestion to xvg, rdd, bcn, bitb, sc, dgb. I think you can buy with each $1 or $1,5 so you can have enough amount for each coins. this is what I do in the past with limited balance and I am gets much of profit with the coins.
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i bought 500 BTC in 2011 when the price was $3.... ....aaaand sold 465 BTC in 2012 when the price was $6 ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) wow its big amount for me, if you hold it until this year, I can not imagine how much money you will have by selling your bitcoin. with 500 btc, if I sell only 10-50 btc, I can buy a house, going to some place, vacation for a week or more. I only have between 1 until 10 bitcoin and I really hold for a long term because I am sure that the price will be higher than this year. I only use small part for trading and for other thing.
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for me, bitcoin is like a new way to help me to earn money by doing work with bitcoin. by doing some extra work, we can earn bitcoin and we can make bitcoin as our investment in long term. if we don't make as investment, we can use bitcoin for trading or gambling but I don't recommended if we use bitcoin for gambling because its too risky and better to use for trading.
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Username: michellee Rank: Sr. Member Current Post Count: 475 BTC Address: 1EWpDCM2At6RBydStuKhfAhGZqVjQW3Xvr
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