It's not too late to buy Bitcoin but it won't make you rich. You shouldn't expect anything. Buy Bitcoin with the expectation that you will loose it all that way if it does work out you will be pleasantly surprised. It is all about managing your emotions. If you get emotional and want to get rich you will make mistakes. Expect nothing, keep calm, think and win it all. Best motto.
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You should never participate in pumps and dumps because they are too unpredictable. I advise you to invest long term and reap the benefits that way. Ayn investment is for 180+ days at least. On average thats when you can expect some profits. If financial crisis hits don't be afraid just wait an additional 2 years.
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All trading has inherent risk. Trading is risky. You will not be able to make passive income. Your best option is to invest long term and expect reasonable returns. It is impossible to predict the markets. Your best bet is to invest your wealth into a well-diversified portfolio and wait for returns. Even then it will take years. There is no good answer to this question.
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I developed an amazing way to control my emotions. It's called Alcohol. Whenever the price is in red I get a drunk and if it is green I just watch the profits. Let me tell you this always works. The one thing you have to be afraid is not to make any changes in your portfolio while drunk. It is a very simple strategy.
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I don't believe world poverty can be ended until we abandon the capitalist mindset. The whole point of capitalism is that there are poor people. Bitcoin is just a value distribution system. It is a good system but still follows the capitalist mindset. If you want to end world poverty you need to adopt some sort of forced socialist system where wealth is redistributed to an extreme degree.
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The most important thing is not to get scared. Even if you are in -10% on the stock market just wait. Just wait. It will always rebound. The worst that you can do is sell at a loss. Adopt a long-term mindset. You really don't want to trade. You also don't want the psychological problems that come with investing. You should just not care. Invest your money in stocks and Bitcoin and forget to about it.
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Whatever you do start your own side business. That is the most important advice in life. If you have a side business even you loose your job you can still make money and develop your business into a full-time job. If you work a full-time job then it gives ou extra income and safety. There is nothing more important than having a side business!
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Is it bad? I mean Paypal is 3.4% and Skrill is 1.9%. Other e-wallets have similar fees as well. The fee in Bitcoin is only going to go down. The technology is only going to get better but the e-wallets are only going to get worse. Even in the current state Bitcoin is quite good, not to mention a year from now.
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You would be surprised what the actual capability of the intelligence agencies are. If they really want to the will track you. Shady deals o Bitcoin is a mall percentage. This argument of crime is just terrible. Fiat can be used for crime just as much. If you end up on the radar of the intelligence community there is nothing that can help you.
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I don't think that countries with a strong currency like the USD or EUR will use Bitcoin on a mass scale, however, Bitcoin will be extremely useful where fiat currency failed. Hopefully, people in failed states will recognize the universality of bitcoin and will adopt it. There will be resistance from the government since dictatorships always want to control the currency, but if the people prevail it can pave the way for a financial revolution in the world.
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Even tho Bitcoin is lagging behind as a day-to-day currency it won't be long before everyone is using Bitcoin. Big and small businesses alike. The good thing is that other cryptocurrencies are creating technological leaps that bitcoin can adopt. Make no mistake, bitcoin will be the main currency of the future. Treat it as an investment rather than a currency. It's not like you can incorporate it as an everyday tool just yet. Wait 1-2 years for that.
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All value is based on faith and expectations. There is no model that will describe the value of a currency or anything else for that matter. Supply and demand create the current price. Anything else is just speculation and bad modeling. Since the financial sector is not based on anything objectively real it cannot be modeled. It's just based on the irrationality of the people. Would be great if all of this would be more predictable.
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It doesn't relly matter if you have a degree or not if you start your own business. In that sense, I applaud anyone who doesn't follow the usual boring path of getting a degree and working a 9to5 job. It takes guts and dedication to work on your own projects and make it into a profitable business. It is also way more rewarding than being employed. Not to mention doing it with such a risky instrument as Bitcoin. A big applause to everyone on these forums for being here.
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You have to decide if you want to trade or invest with Cryptocurrencies. If you are investing then this volatility should worry you whatsoever. If you want to trade then this volatility is amazing. It's good either way. There is no need to worry. Bitcoin has already proved that it has solid foundations for long term investment.
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In the case of a financial crash commodities like gold and silver also crash. Bitcoin would as well. The difference is the rate of recovery and growth. After the 2008 financial crash gold also crashed but it quickly recovered and kept rising for years because it took time for people to recover their faith the financial markets. Also when we realize there is a crash its usually too late for the small fry like us to react.
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There is a difference between something being illegal or unregulated. Just because something is unregulated doesn't mean it's illegal. Also just because something is regulated doesn't mean it's legal. In fact, something can only be illegal if it's regulated. Otherwise, how would you know it's illegal? In the case of India Bitcoin is not illegal att all. It's simply not regulated. Regulating Bitcoin can be good and bad... Not just good. People can use Bitcoin in India and always could. I'm not sure what this thread is suggesting.
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Ahh, this argument again. Bitcoin is just a currency. Criminal organizations will always find a way to transfer value. If anything government should create a dark currency of their own to be able to follow criminal transactions. I don't understand how this argument that criminals might use bitcoin is justified. Seriously look at cash. You should only be concerned about investing this point.
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Always buy more bitcoin. If the past has thought us anything is that cryptocurrencies will prevail. If you are afraid of losing your money simply use Etf-s. You can use a regulated broker to benefit from the price movement of bitcoin. I'm not going to post any link but you can find plenty of options.
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Ahh, another click bait. All major retailers will accept bitcoin. Just be patient. They won't want to lose out in the race, This will force them to adopt bitcoin. Capitalism itself will make bitcoin viable. Which is weird because you would expect fiat currency to win. The best weapon of the rich will make them obsolete.
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Internet became a resource. Maybe the most important one. No government will try to oppose it. If anything they will try to exploit it with skilled technicians. That means Bitcoin is here to stay. It is just too late for governments to roll the internet back. I Wouldn't worry.
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