Hi everyone,
I am not interested in trying to guess when BTC crashes, everyone knows it will one day, I want to figure out how to make money from the crash.
Any ideas?
If the price of bitcoin crashes then it is the right time to buy bitcoin,we all knows that after the price dump or crash in bitcoins it will recover soon and the price will get bumped.The current bitcoin price crash was created by manmade so it does not stay for too long so if you have investment then buy some bitcoins at cheaper price. |
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If your investment is long term then ETH is the better option because the price of ripple is not stable as price of ethereum so we don't know how long it will stay at this price.But ethereum is considerd as one of the best crypto after bitcoin so it is better to invest on ethereum than ripple.
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There are many altcoins are in the market but we can't say any coin's price is very stable for a long period.But some coins price constantly increasing when we analyze them in long terms those are ethereum,litecoin,XMR and DASH.But these coins price also stable but everyone hoping that these are the coins of future so it is better to invest on these coins than new and cheap coin because these coins are already in the market for long time and got the recognition from investors when we invest on new coins it needs long time to get the recognition from people.
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Many Muslim will come of the view and worried about this question . please give suggestions
Good question,the same question was asked to me by a friend of mine. Bitcoin is just a currency and it is made of technology to prevent hackers from hacking in online transaction.But people use its demand to make profits it is just due to skill nothing to worry.If you are buying bitcoin with money which was earned by halal way then your bitcoin also halal. Don't mix technology with the religion,I hope you understand now. |
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But I am little more extra from you.I like to do daily trade.its gives me regular money.although the money is not so high but regular money is good way for making a good capital.
As you said day trading is only for the people who wants to earn regular income monthly so I you don't want that regular income maybe you already have good job with high salary then you just go for long term investment.But many people doing day trading as their regular job but skill is important to get succeed in this field and need good effort also,so they may love day trading and taking risks. |
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Why you saying like this,in my knowledge MEW is one of the best wallets and it is fully secured because we need private key to access the wallets,If your wallets gets hacked then it maybe your faults never store your private key on the online drive or in computer,because there is possibilty to hack your private key if it is stored in online source.
If you still not contented with MEW wallet then better go and buy a hardware it is most secure wallets for crypto currencies.
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Bitcoin is the new gold because the old gold is now not a great choice for investment because the price of the old gold is slow and boring while the price of bitcoin is aggressive and i can earn faster than the old gold. I already sold my gold bars in exchange of bitcoin because i really believed in bitcoin.
There is no charm in gold other than the fact that its price is stable and it is reliable. Meaning that there is no chance its value can be down or any hack can destroy the value. Bitcoin on the other hand is moving fast in volume and price but few risks are still associated with them and we cannot neglect them. Yeah as you said gold's price is really stable and it is considered as value storage but bitcoin was found to be used as currency but the demand of bitcoin made its price very expensive.But in my view bitcoin is more valuable than the gold because the price of bitcoin keeps increasing at high speed.The price growth in the year 2017 is 2000% and still increasing. But bitcoin investment is risky because of its price volatility so gold is better in terms of safe investment whereas bitcoin is good in terms of profits but with risks. |
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Hi sir,I joined on the second bounty.
But I don't know which signature have to wear so I updated to the new signature which is available on the second bounty.
Am I doing right or have to wear the old signature until payment processed?
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Crypto currency is the word right?so is it a currency but people are using it as an asset due to its high price swings.But crypto was made to be used as an currency over internet because fiat currency can be hacked by hackers so some unknown people find bitcoin the first crypto.In crypto transaction no third party between while transaction so no one can take our money from us.
But people make use of its demand and price fluctuation to earn more profits and it turned out to be an asset due to its huge price.
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People still are bounded in traditional thoughts. I personally believe that Gold is Gold. Gold is valuable at its own status and level according to precious metal. But we cannot compare it with bitcoin as an asset.
World is now in starting phase of decentralized technology's adoption, but in coming future everything will be changed.
As you said still people in stone age.  They can't understand the potential and technology of bitcoin,but bitcoin attracted more people by its huge price increase so it maybe the start of people will think bitcoin is better than gold. In my view gold is luxurious but we can't use that immediately if we are in need so it is no use of storing our money in the form of gold. |
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More and more investors are now open to try crypto and they choose bitcoin because it is popular and keep growing fast, above all it is the high demads that keeps this crypto up
Bitcoin’s true strength is the users at the back of bitcoin. As a large number of bitcoin users can be witnessed around the world who are here to support it. Also the big financial firms switching to bitcoin business has attracted many new people to know about bitcoin are now the reason for its price rocketing high. Thanks to the news agencies who are breaking the success stories of bitcoin making it more popular among the people. At the end of every year growth of bitcoin price has seen but the one in 2017 is amazing. It seems that 2018 will not be the year for a price drop. The simple answer is demand for bitcoin keeps increasing so the price is moving so fast.New investors are attracted by the rapid price increase in the recent times so they also buying and holding bitcoins but it looks like the beginning,we may see the real price of bitcoin soon.So keep holding your bitcoins and its is not the right time to cashout. |
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meh who cares. let them ban it for all we care, this is bitcoin we are talking about. a decentralized cryptocurrency that doesn't fall under regular definition of things government can meddle with. in the end people will continue using bitcoin whether they like it or not.
these attempts are mostly because of the increase in trading volume of bitcoin in unregulated exchanges which means no taxes to the government. they see the money they can make and try to do something about it.
Absolutely,even if they ban there is no use of it people will continue to use it if they want.But banning the exchange mean then they can not convert their bitcoin into fiat or they can not buy bitcoins with their local currency.For the people whole already having bitcoin no issue with them only problems for people who buying and selling bitcoins. But if the banning continues in other countries then it may affect bitcoin demand so the price will fall. |
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$5000 is not possible, however we may see around $1000 in 3rd Q of 2018.
Anything can be possible bro in crypto world,the price of bitcoin was around $1000 at the start of 2017 but now the price is $20K no one expect this much of price growth in one year so there is chance for price bump in litecoin also in 2018 because BTC getting too expensive so people will look for alternative option for bitcoin so litecoin and ethereum will be the best option other than bitcoin.So there is high chance of price bump in 2018. |
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Bitcoin is the best coin in terms of high value.But every coin have it's own advantage and disadvantage,if you are asking for which coin to invest then please mention about your investment clearly like how much and how long your investment will be.
If you have huge money to invest on long term then it is better to buy and hold bitcoins,if you are looking for short term profit then ICO is the best option for you.But not all ICOs are profitable so do some research about that project before investing.
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Buy crypto currency when its dump and sell crypto currency when it bump is the way to make profit.But no one knows when the price will bump and dump so it is a silly question to ask.  If your are an expert trader you need to make use of the current situation don't wait for bump and dump make your own style of trading bro. |
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Simple answer for this bitcoin will gain more value day by day but the offline currencies or fiat will lose their value day by day.Bitcoin can not be stolen from you so you no need to worry about thieves.No taxes so you can save more money through crypto currency.
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I very much doubt that any alcoin can achieve such heights as bitcoins. Bitcoin was the first crypto currency in the world and I think that it will remain the first. Altkoins (some) will be able to beat beatcoin only from a technical point of view. In this regard, bitcoin is not perfect.
Technically it is possible if some coin have more demand than bitcoin but practically it looks impossible because bitcoin is the safe and secure of all coins and it also the first ever crypto launched so people having trust on bitcoin and it is popular all over the world than other cryptos but some of the altcoins also have good potential it price also will be expensive in future. Some crypto currency also offers the same qualities of bitcoin but it needs more time to get recognition from people. |
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Do you think it will be the best time to sell as there are two kind of speculations one says the value of bitcoin will reach $20,000 by 2018 and there are also speculations that the bitcoin might go through a dump in upcoming days but i know we cannot believe into random predictions by random users due to the volatility of bitcoin but i need some suggestions whether to hold on to bitcoin or sell it out and invest some of it into altcoins and then wait for the price drop to reinvest into bitcoin which i am not sure will happen or not.
If you think it is the right time then you just go and sell but in my view it is not the right time,I hope the price of bitcoin will continue in the coming days also so if you hold some more time then you will get more profit. I don't think the price of bitcoin will dump or crash so don't wait for buy bitcoins for cheaper price,the price will get more expensive at the waiting time. |
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Hey guys. Finally decided to get me some coins. I have about 10k to spare. any recommendations?
if you are new to the crypto world then try to do your own research you are going to invest it in long or short,because there are different coins you need to choose based on the timing of your investment,I suggest you to invest on bitcoin and hold it for couple of years and you may get huge profits from bitcoins because some economist saying that bitcoin will hit $1M in 2020,so if you think it will reach then invest on bitcoin bro. |
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