You should absolutely hold for, I would say, the next 20-30 years. You can take some profits every several years but it is best to hold as long as possible to get the most gain out of your initial investment. Just keep adding if you can.
That will be long, how he will be able to enjoy bitcoin profit if he's not going to use it for 20-30 years. I suggest that keep on holding until the price gives you a satisfaction and then sell and enjoy the profit you made there. You deserve to enjoy bitcoin and you can still hold 20-30 years of it but don't forget that you have a life to feed and a life to enjoy to the fullest. Maybe hold 10 bitcoins for that long is already good. |
|
|
|
8 years ago, Bitcoin is just a baby was borned in a cruel life, through every problems, bitcoin now grows up and become more stronger to against all opponents.
And it became a blessing to all of the users here and before it's image to the people is very bad because it's the only medium and currency that is being used for illegal trades. But thanks to other alt coins that are more focused with anonymity they replaced bitcoin in those type of use for illegal trades. And this made bitcoin a blessing to all of us because it is now in the mainstream media and it's demand is getting higher. |
|
|
|
|
Yes I'm trading with alt coin and bitcoin at the same time. This is all about trading, if you only trade bitcoin / USD then that's a good choice but if you want to have a broader knowledge and experience in trading and as well as the profit, you have to trade with alt coins. What's good here is that you have a thousand of choice to choose but the bad side is that no one can predict the stability of those coins.
|
|
|
|
Which country would be the first to eliminate fiat and convert to crypto fully? My guess is China...
No dumb country would do such thing and I'm really sure of that.Its impossible to replace local fiat itself by crypto knowing that local fiat signifies or symbolizes a country regarding on its economy and its power.Theres no place for crypto to replace such thing and also government wont really allow that and thinking off that crypto isn't legally regulated on most countries it would really be hard to trade on. Yeah there will be no country that will be totally shift to crypto and will make their country as a country focused country. Not all the citizens for each country are techie or good in adoption of technology. There are people that will be subject to this upgrade because they doesn't like any digital money and fiat will be forgotten for real. It's also a very risky thing for that country if they'll shift to fully focused in crypto. |
|
|
|
|
So this thread is near to be 1 year old already and again holiday season is coming and Christmas is the most awaited season every year. People get more money during holidays so for sure it will make the price of bitcoin pump again and I've seen a couple of times and last year is a good one because the pump started at the very end of year. And hoping that this year it will be also the same and will be pumping quicker.
|
|
|
|
All china bullshit didnt' bring BTC below $3500, the scammer Chase CEO didn't also bring it down...
So are we back to normal?
This is unusual or we are just already sick and used to the drama's and this shill that is bringing nothing good to bitcoin but only thinks about himself. Possible that everyone is already aware about Dimon's tactics since news are scattered around when we have seen the price of bitcoin starts to drop, his company bought a lot of it. And hopefully that we are about to see the price of bitcoin go up to $4,000 soon. |
|
|
|
I think the future they have, but certainly not for long years 10 somewhere like that. So, how soon everyone will switch to e-money and cards.
Very likely that's what going to happen, most of the transactions will be that way. This is happening already so there's no reason that paper money will be staying. And look on how many people wanted to depend on this type of e-money transactions because it's very fast to have the cashless way. I preferable still to use paper money so that we can have other choice when we are trying to purchase some goods. This is only for a matter of time that you are preferring paper money instead of e-money or cards. Once the government masters the blockchain technology then there would be only blockchain based currency in every country where everyone will be using their smartphones to pay for coffee or to buy movie tickets. Even there was a news a while ago that Russia is thinking of implementing blockchain technology based currency in the country and also that some of the Indian banks are using blockchain technology to keep track of intra Bank transactions. I'm also hearing and reading news about big tech companies are starting to get into blockchain technology and if that happens for sure there will be a lot of changes in terms financing. I also watched a lot of videos that about scanning qr codes and they are already paid. In China there is a store that doesn't receive cash, instead it is receiving alipay which is their very own payment method from alibaba. |
|
|
|
I think the future they have, but certainly not for long years 10 somewhere like that. So, how soon everyone will switch to e-money and cards.
Very likely that's what going to happen, most of the transactions will be that way. This is happening already so there's no reason that paper money will be staying. And look on how many people wanted to depend on this type of e-money transactions because it's very fast to have the cashless way. I preferable still to use paper money so that we can have other choice when we are trying to purchase some goods. |
|
|
|
Can bitcoin be the world's currency?
Why not? We are in modern days now and people wants to have one currency and so that transactions can be done easily. For example, if you are a traveler and you don't want to have some hassle by converting your dollars into some local currencies because the value are changing due to inflation, market demand, stock exchange and other stuffs. But if you have bitcoin and it's widely accepted, it's a good travel right? |
|
|
|
Can I have two myetherwallets.As it is a web based wallet I think it is possible to have.What are your suggestions?
Yes there is no restriction on creating myetherwallet account and in fact that you can create a lot of it. What came to your mind about asking this thing? But I would prefer to have only one but if you prefer to have many MEW accounts at the same time it's up to you. My suggestion is that use only one, what will be the purpose of having many accounts there? Just keep your private key. |
|
|
|
My parent , especially my mom , she always tell me to stop doing bitcoin otherwise i will go to jail or doing bad things to social ! I don't get it ! Old generation seem very lack of experience in Bitcoin !
Your parents are just trying to be over protective to you. They might understand what bitcoin is and heard that it is being used in the illegal transactions. And that's why they are trying to stop you using bitcoin, they also doesn't know that bitcoin is an investment and they might be lack of information about bitcoin. Why they keep telling us to stop when they even don't know how to check a simple email on ebay ! How to explain them guys ?
Don't include my parents, it is only your parents.  |
|
|
|
My only suggestion for you when prices are falling is HOLD. Some people have weak hands, they panic and sold their coins after it. Trading is very risky so you have to be patient and have strong hands. Read some news about your coins or what your coin can do in the future so you can decide if you hold that coin for long term.
There is nothing that we need to do or to remember when the prices are falling. Because we only need to keep ourselves calm and don't try to take a look at the price of bitcoin so that you won't be tempted to sell some of your bitcoins. And if that happens you'll be forced to sell your bitcoins, so stay calm, hold and don't look at the charts these are the things that you need to remember when the price is falling. |
|
|
|
I've heared that in some countries people have to pay the income tax after buying fiat for their bitcoins. Anyone faced such problem? If yes then how you deal with it in your country?
At one point of view bitcoin is an instrument for investment so ppl buy it willing to get income in their currency.
At the other point it is a currency and it might be used with a purpose of saving. In this case the tax would be stupid.
There's a need to pay income tax but I'm not aware that there is a taxation that's happening when you had sold your bitcoins. The thing here is when you have fiat, you'll are taxable for the goods that you are consuming and other stuffs. But to relate tax to bitcoin, that's not appropriate already as bitcoin is a decentralized cryptocurrency and that's why many starts to adopt it because it's not taxable. |
|
|
|
I already several times left trading. But then I returned again, because I understood that another way of earning would not give me as much profit as trade. Therefore, I calm my nerves and again go to trade.
With the example of the starter of this thread losing 7 bitcoins is not a good trade. And with my attitude, I'm not going to stop until I recover those losses but I'm going to give an amount for my starting capital just to recover that loss and it's cutting the losses so there's nothing bad if I'll lose that amount because I have one purpose for re-investing it again but if it gets worst, I'll find some other place to invest. |
|
|
|
I agree that soon the whole world will pass into the crypto currency. But I do not think it will be bitcoin. It seems to me that each country will issue its own national crypto currency
Indeed. Governments have zero interest in adopting one of the already existing crypto currencies if they easily can get their own centralized version developed, and tie to their local fiat currency. It more than ever puts the control in the hands of the governments. Think about them being able to freeze any balance with just a few mouse clicks, that they can give anyone an instant haircut if they think it's necessary, they can follow every step you set wherever you conduct payments, etc. As a person caring about financial freedom and decentralization, this is obviously not going to be much of a help to me. One of the main reasons I use Bitcoin for is that it allows me to avoid dealing with any banking or governmental related entity. That's right everything in bitcoin is freedom and it's a freewill of everybody in this world. Bitcoin's worth is deeply recognized and even how long years will it be, still it will rise higher within a span of time and even more years to go. Particular investments will grow even higher and will bring us profit and make changes of every people's lives. I agree with what you had said guys but I don't know if I'm too much reading of conspiracies all over the web with some sort of societies and one world government stuffs. I'd read there that there will be a one world currency, gov't and almost everything that will be issued for all the countries will be united with it. And with the one world currency thing, I'm thinking that it will be bitcoin. |
|
|
|
You have to look for regularly in the service board, as there are very few campaigns allowing brand new members.
I find no campaign for now that is accepting newbies for their signature campaigns but he can try to join some social media campaigns and as well as some signature campaigns here; The good news is that you can be junior member in almost no time.
Not in no time but he needs to wait for a month and a half for him to rank up as a Jr. member and he needs to wait for that time so that he can now join some campaigns. No, as I remeber, it only took one month, because the first 14 activities are given at once. Oh yes I forgot that the additional activities are about to happen for the next few days so that will make him need only 1 month. But he's still not posting that much so he needs to be active for now for him to be able to become Jr. Member as well. But computing the whole upgrade needed for a newbie to become jr.member he needs 3 activity updates (3*14) = 42 activity = 6 weeks = 1 month and a half. |
|
|
|
Dimon told CNBC he is concerned about a flood of cryptocurrenciesI'm sure he is. That's why he's spamming the social media with his hate of cryptos, hoping that people will get scared and start selling. While he's at it BTC is trading like always. Jamie is going to be very sad when bitcoin reaches $10k next year  I wonder why Jamie isn't concerned about people taking loans they can't afford. Oh, yes, it's because Jamie doesn't care about you and your finances, he cares about himself and his bank. All this acting like he's worried people might lose money in a ponzi scheme is so fake. Haha, he cares a lot about crypto currencies and that's why he keeps on saying anything just to stop people investing to crypto currencies. As he wants to have the biggest sum to hold if his plans are becoming successful for spreading this FUD on mainstream media. And he can't trick us anymore, I don't have anything to say to him but why he needs to do this instead of just saying that he's a crypto enthusiasts and supporter. |
|
|
|
You have to look for regularly in the service board, as there are very few campaigns allowing brand new members.
I find no campaign for now that is accepting newbies for their signature campaigns but he can try to join some social media campaigns and as well as some signature campaigns here; The good news is that you can be junior member in almost no time.
Not in no time but he needs to wait for a month and a half for him to rank up as a Jr. member and he needs to wait for that time so that he can now join some campaigns. |
|
|
|
There is a recent tweet from Charlie Lee that China will not ban mining and the network so this is still a good news though he confirms that China did banned the exchanges. And what makes me comfortable that there will be a good price increase for the upcoming weeks to come is that we experienced most of the time is only dumped. This month is bloody for bitcoin so maybe October is greener pasture.
If that tweet is real and official, then I can say that China is really just making fun of us. They are taking advantage of those people who easily get panic when there are negative news like the recent one. Well, I personally don't believe that China will push through the banning of exchanges forever. So, let's all just be updated on what will happen in the next weeks. Not literally making fun of us but they are doing something in the economy of crypto currency in their country's stand about it. Regulating, making laws about ICO's as I noticed that there are some news too that they will remove those bans after making an appropriate law about ICO's so that's a good one but I don't have an idea if they will still pursue the shut down of the exchanges there. |
|
|
|
I guess yes the price may drop more, due to many rumors of China's issues of banning crypto which is just a "speculation" that leads people to panic selling their invested bitcoin that really makes the value of btc break down or drop down. The News is that ICO banning will be implemented from 30 September, so we might have a temporary more extensive dump in a week's time.
I don't think that it can drop again because of those rumors from China. And the ban of ICO's and shutting down of exchange is the thing there, it is still not that all about banning of crypto's in China because mining is still available on that country. I don't think that we will see the price of bitcoin drop once again, we are starting to see lights now from those dumps that happened last time. This upcoming week is going to be a good and positive one. |
|
|
|
|
Show Posts
