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$500,000 is a big amount and I think if you buy bitcoin and save it, in the end you can make big profit too. but I were you, I will invest in bitcoin for the half amount, the other half, I will buy a house that I can rent for somebody. my plan for that half amount is to buy bitcoin, then I will use it the quarter of the amount to do trading like other people suggested. the other amount, I will save in my wallet and I am not going to sell at least 1 years from now.
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although there is only few ATM machine that we can found, I am sure in future we can see many places in big country will have more bitcoin ATM but we need to be patience first. I think it will become more popular when many people is joining into bitcoin and I am sure, in future people needs bitcoin ATM too like ATM cash money. it will make us easy to make transaction if we want to buy or sell bitcoin if we can found ATM machine in everywhere.
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trading is high risk activity,
so if that money is your life saving i recommend you to not doing any trade.
because if you're really a newbie,more likely you will lose it.
many people start trading by losing it,and they learned about how to make a money from their mistake.
in cryptocurrency world,you will never lose it if you can hold it for years,
you will only lose if you sell it.
so think about it carefully,you can get a profit in a second,but you can get a profit in a year.
it's all depends on your financial,if you have a huge financial back up you can do a trade.
if you want to try your luck go trade an altcoin and try to feel it.
other than that do some research,don't believe what everybody say,just believe yourself.
for reference go read about xvg,bitsend,digibyte and other
No my friend those 100 $ are not all my savings ijust bought this amount to start with them and get aexperience with the bitcoin I'm going to give this more turns to that of the trading before getting in thanks for the advice for start, I suggest you to use $10-$30 for trading altcoin. first, you need to watch in market, what coins will be increase, analyze the coins, determine how much price you want to place your order. choosing the coins is not to difficult, I think you can start for cheap price coins so if you loss, your loss is not too big. you can keep the rest of your bitcoin and if the price is up, you can sell your bitcoin to take profit or you can still save it in your wallet. |
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in my opinion, it is better for bitcoin as a global currency and not as national currency because if bitcoin as national currency, the government will interfere inside the bitcoin community and blockchain technology and want to dominate and its not fair and not good for bitcoin itself. if bitcoin as a global currency, then the government will not trying to interfere because there will be many people and many country that do not want this happen.
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I dont think that Bitcoin is instant way to get rich, it is just like the other currencies, need hard work to earn it and not so easy. You can get rich if you hold good amount for some years and if the price rise highly in this period
We need hard work to earn Bitcoin, the price that keep increasing everyday will make us feel that we are become rich instanly. The price of Bitcoin that always go up is such as passive income for us. Because our money grow even we aren't doing anything. if you have a lot of money and you invest your money in bitcoin then you can thinking that bitcoin is instant way to get rich because you only need to buy huge bitcoin amount and then save it in the wallet. you can sell when the price is increase so this will make you rich. but for people which don't have money then they must work to earn bitcoin and it is a long journey to that person and it is not instant way to get rich but soon he can be the richest person in their city. |
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I have come to realize in recent time that holding bitcoin in ones wallet is more profitable and a little bit risk free as compared to trading altcoin or what do you think ?
if we can trading with good then I think trading altcoin is profitable too beside holding bitcoin because with trading altcoin, we can increase the amount of bitcoin we have. there are many altcoin that can help us to increase but we need to find out what is the altcoin. holding bitcoin is the best thing that you can do for short, middle, and long term investment so you don't need to sell your bitcoin soon. |
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bitcoin cash will never be the bitcoin but maybe bitcoin cash will be act like bitcoin. with bitcoin price is increasing, I am sure that many people can not buy a 1 bitcoin, they need big money to buy bitcoin. I think this could be the one of many reason why bitcoin cash is created. bitcoin cash make a balance between bitcoin and altcoin and I think soon we can see that there is a market for bitcoin cash pair altcoin and altcoin will be used bitcoin cash as their adjustment because bitcoin price is too expensive to be altcoin price adjustment.
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I agree it's better to stay with provably fair trusted websites and not go support scam sites you will waste time betting there and when you get lucky and finally have your fun ruined by them not paying out and scamming you.
I will only playing gambling in recommended gambling site like what people said because I don't want to get scam. beside that, I am playing gambling is only in my free time and I don't playing too much like other people and I am not expecting to make big winning in one games. this is why don't move into many gambling site just to find big reward in faucet because I know this is difficult to find. |
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If there is no time for trading, then it's really better to stop it because it requires a good analysis. Instead, you can invest or simply hold coins until the price grows to the desired mark.
It's not about the time but the failure that everyone or OP is getting. If I am in his shoes I will probably not going to give up at first but I am inspired with those successful traders that didn't give up within their way then that's going to be a good thing for yourself to get prepared for the best instead of quitting. its natural if we make failure in trading as we are only human. but from our mistake, we can learn many lesson and if we are not stop for trying then I am sure that in the end we can follow the other people which is success in trading. I think we need to change our mind before we continue trading so we can learn from our mistake and we can get up again with new spirit. |
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With the growth of bitcoin value to 4000$ bitcoin is establishing themselves as one of the most wanted cryptocurrencies. While this is good as the demand will make it's price increase, I am thinking of what may happen to the transaction fees ? They seem to grow proportionally because the miners are taking advantage of the numerous transactions happening, and they select the ones that have a higher transaction fee.
Will these continue rising ?
How can this be solved without affecting deeply bitcoin?
Will this give an upper hand to bitcoin cash to increase it's value, as it looks like their transaction fees are lower ?
I think transaction fee will be lower because I see in my mycelium the fee is not too high but in exchanges still using high fee for transactions. the price will keep rising as we know many people is interesting with bitcoin now and they start to buy and sell and this makes the price is up. the rest question, I am not sure and I need to find another source to find the answer. |
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i think in bittrex, the fee is 0.001 btc too because the last time I am trying to withdraw in early of august, I see the fee is 0.001 btc but I don't know how much the fee now. I am not to active for withdraw because I only withdraw if I need money so I think you need to make sure the fee first. I think the other exchanges is different than bittrex but I am not sure about this.
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Do you have ATMs of Bitcoin on your Country? if so, how many, where and what are the limits of withdraw/cashout?
I think in my country, there is only 2 if I am not wrong but I am forgot where it is. but I am not already trying to used the ATM bitcoin because those machine is too far from my home. I think if one day I am visiting that city, maybe I will trying the ATM bitcoin so I can know how its look like. |
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what you want to do is up to you sir, but for me, I won't sell my bitcoin now because I am waiting next up price and I think I have enough patience to waiting the price. bitcoin price will be increase more and maybe will reach $5xxx in the early September so we can sell at that price. meanwhile, if you decide to sell your bitcoin, maybe you can split your bitcoin to buy altcoin too because the chance for altcoin to go up is bigger than before beside that altcoin will be reach new level price soon.
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yep, up yours bitcoin cash. four thousand dollars is in sight and it is only a matter of hours or days before we break the four thousand mark. Who would have thunk it a few weeks back when it dipped sub $2000?
Bitcoin value was too close to $4000 and I believe this coins was not going dipped maybe it was getting to close to $5000. That's why I believe that bitcoin price was continuously raising up until end of 2017 a few hours ago, the price is break $4000 and its increase but i see the price is back to lower again and now the price is trying to increase again. i don't know how much it will increase but i am sure, we can see the price more than $ 41xx. maybe this time bitcoin price will go up without any delay and reach $5xxx. |
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Ok, assume you are relatively new to crypto currency and have missed the train (haven't bought Bitcoins back in 2009/2010 when they were ridiculously cheap). You have, let's say only $100 to spend for investing in Bitcoins or Altcoins.
While 100$ was more then enough in 2009/2010 to make you now financially independent, if you invested it all in Bitcoins at a price of 0.07$ or even lower at that time, which strategy do you think is the most profitable if you start today where the price is not a few Cents anymore but around 3.500$ per bitcoin?
1. Use the 100$ to buy BTC now and hold ("hodl") it until price reaches hopefully something like 100.000$ or even 500.000$ in 10 years
2. Trade BTC with a "buy low, sell high" strategy on a daily basis like a day trader
3. Trade BTC with a "buy low, sell high" strategy on a longer time frame
4. Lend your BTC you can buy for $100 on Poloniex to other traders to receive a few Satoshis every day (interests)
5. Lend your BTC somewhere else (might be risky)
6. Invest in ICO (might be even more risky)
7. Try to find a new but promising Altcoin and grab as much as you can for $100 right from the start before the price (hopefully) sky-rockets one day (also high risk I think)
Which strategy would you think will the best to make the most out of $100 you invest today?
I think all strategy you list is a good strategy but I think I will choose from number 1 until number 4 because : 1. its a good strategy but if you only have another money to live. if not, you can not live for daily. 2. this is what I am doing every day although per order buy and sell, I only take small profit but if I make total order, at least I can make 0.003btc-0.01btc everyday or 3 days. so its worth for me. 3. I am doing this too for some of coins so I still have another coins for long term. 4. I am trying this too to make sure my bitcoin is grow even for small amount and its really works for me. from number 1 until number 4, slowly I can grow my bitcoin and I will doing this everyday no matter if the altcoin price is down or up. |
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i think its be a problem because as long as internet connection is not block and people can still used the connection, people will find the way to use bitcoin. especially if they want to make money from bitcoin, they will search from other way and maybe they can use vpn to connect and using bitcoin again.
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Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin
Is this the impact of rising bitcoin prices?
Yes, I also feel like you. At the present time, in my opinion, there are more people interested in Bitcoin than before. Time ago very few people wanted to know and learn about it but now the opposite. There were some people asking me about Bitcoin, they wanted to learn it. I think the high Bitcoin prices are part of the reason people are paying more attention to it. Our country also updates Bitcoin news so everyone knows about it. That is also a good sign, making Bitcoin more popular and grow better What it happens is that is getting harder and harder to ignore bitcoin, bitcoin is about to break the 4000 dollars price if it has not already, people that are into investing cannot ignore any longer this coin that is giving huge profits every year, this year has been amazing for bitcoin and there is not a sign that this is going to stop anytime soon and the more the price climbs the more people begin to think that this is not a coincidence and that they should get in bitcoin as well. this year is the bitcoin year, I think many people won't let this happen without they doing something. soon the price is increase more so many people will see that bitcoin is not just an impossible way to make money. I think from now on, bitcoin will makes every people to open their eyes and realize that crypto currency is a new era for them and if they don't trying to know then they will regret it without anything they can do. |
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if bitcoin is approve in a country then I think bitcoin can improve and help the economy of the country because with bitcoin, the country can get many benefits. the benefit of bitcoin can be used for the citizen which don't have any work or unemployed so they can start to make money from bitcoin with doing many thing that will help them to earn bitcoin.
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I think the biggest regrets in cryptocurrency is when i am not invest my money to bitcoin when the price is drop at $18xx because for me, its the right time to buy and its the lower price I have seen after the price is reach $1xxx. the other regrets for me is when I am losing my money at investment programs and the website scam me.
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although bitcoin price is increase more than $35xx, still in out there many people don't know anything about bitcoin and they really don't care about bitcoin. I think if they know bitcoin, i am sure that they will shock with the price and they will attracted to bitcoin and join with bitcoin like us. in my city, there only few people which in between 19-46 years that know bitcoin but they only know and not trying to join or use bitcon.
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