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What is your daily profit?
What percentage of your invested amount do you earn on an average (per day week or month)
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What was the amount with which you started trading
I mean your very basic investment and was that your extra money or required money?
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The price of bitcoins has raised a lot,I waited for it to fall so that I could invest some but I don't see that soon.
Is there any chances of profit if I invest now?
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I have used capo which let's us convert usd to bitcoins but I guess the fee there is a problem but just in case check it out.
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According to me I don't think its possible to generate a constant income from bitcoin trading.
Because the bitcoin values are very unpredictable and its not possible to rely on them for constant supply.
Also it would be very risky to have bitcoin as the only source of your income right now due to its high instability, not sure about the future.
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According to me you should spend some of your money,put some in the bank as you will get interest and deposit some into various sites which act like a bitcoin bank.
I.e.they pay you daily a percentage of the amount you submitted.
The best part is that without your permission they won't touch your money for any purposes.
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What are your predictions?
Before the new year or after?
And would it be stable or just reach 10k$ and fall again.
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We have not yet went through 2018, so you might have mistakenly typed the year above.
Traders mostly speculate that bitcoin price will go very high as it seems to them here would be many new projects proportionating with bitcoin.
Whereas i too agree that in upcoming year, we will have to see many changes.
Thank you for pointing out my mistake I have edited the post. |
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What are your predictions for bitcoin in the year 2019.
Any special investment scheme or strategy you have in your mind and you want to try out?
I think its 2018 not 19.  Holding bitcoin I have and keep making few daily/weekly trade to increase my total bitcoin holding. I will not sell all my bitcoin anytime soon but I will keep moving funds from bitcoin to alts and vice versa according to market. I am really sorry for the mistake,I will edit it. |
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I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
When a huge price drops happen and you are scared of losing you money that will cause you to panic and will decide to cut your loss. Honestly, you can't stop panic selling if you trade cryptocurrency with emotions. That's not the right thing to do, you should think of it as an opportunity to invest more in a discounted price as many as you can. If you want to know when is the right time to cash out, you should always look for latest news about Bitcoin and make your own analysis, if you think that the price of your chosen cryptocurrency will crash then sell it. Thank you. I'll make sure I am up to date with the bitcoin news and always analyse the current situation and would make a better decision from next time |
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That is the mistake an experienced trader might not do but you did it. You shouldn't have sold at that moment because it was only a rumour of bitcoin cash.
If you want to recover your loss and want to earn even more, you need to watch on market and buy when it falls down in value.
I hope bitcoin should again fall below $500, then it would be better to buy.
Yeah,that was a big mistake on my part,I just couldn't imagine what would happen if I loose more and impulsively withdrew all my coins,I'll again buy some when the prices drop as you said and won't repeat the same mistake again. |
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I was so nervous that when bitcoin price dropped to 6000$ I was scared to loose more and withdrew my coins only to regret later that it became 8000$.
Please help me with your advice /opinion.
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What are your predictions for bitcoin in the year 2018.
Any special investment scheme or strategy you have in your mind and you want to try out?
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According to me it all depends on how much profit you want to earn
Some people just want to withdraw more than what they have deposited just to gain experience if that's the case even 1$ is fine
But in case you have a specific profit target you should start with 1/2 of it.
Example you want 50$ so invest 25$ and trade till you reach 75$.
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According to me it is understating to ask whether bitcoin has a future or not because bitcoin would dominate every other mode of online payment and be the end of all banks.
In simple terms the future belongs to bitcoin,it was the websites mistake due to which they had to take such drastic counter measures,which does not affect bitcoins in any way.
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If you have money to spare, buy it, if not, sell it and wait for the next dump, then the price drops and then buy it again. I think it might be a good strategy.
Not much if price will rise and never back According to me it is impossible for the value to keep on increasing without any sudden dips,it is possible that over a period of time it keeps on increasing but there would be a dip in between which should be exploited by us traders to make profit by stocking up bitcoins |
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According to me trading is basically dependent on 2 things
1.85%skill(ability to strategize)
2.15%luck(prediction,etc.)
But these actually matter when you at least know some basics about trading.
Some of the tips would be
Regularly check the btc values and be updated with the news
Never act instinctively and always proceed with caution
Only risk what you can afford to loose,there is no point in crying after loosing the money.
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According to me buying bitcoins now would be better than waiting for the fork.
By now I mean that when there is a dip I'm the prices and not when they are at the peak.
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According to me its all about patienc,self control and maturity.
If you aren't mature enough to understand and always act instinctively trading is not advisable/suitable for you.
Probably the only medicine for this according to me is to suffer a significant loss and start using your brains a little more.
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What are your views on this?
Buy, if you have extra money lying around somewhere. Others have already said this and i'll say it here as a reminder, it's never too late to buy bitcoins. An article on Coindesk yesterday mentioned the survey results that was carried out by lendedu. The people (bitcoin investors) they asked wanted to sell their bitcoin for $196k. Crazy price to look forward in the next few years. Omg 196k$ thats absolutely ridiculous, but who knows after all its bitcoin and miracles can happen anytime. I am planning to sell 25% and will buy twice that amount at the next dip around (7k) |
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