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I suggest you keep your job and keep buying Bitcoin while you can while it's under 10k. Unless you can find a way to quit and still earn income somehow while invest in BTC. But you should never stop investing in BTC all in while under 10k.
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There was maybe a chance that Ethereum was going to do it last year, but it never happened because in the end the supply of ETH is unlimited and nobody was buying to HOLD they were buying to SELL.
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Absolutely banks fear cryptocurrencies because it is something they do not understand and something that is forcing them to change the way they think, and oh boy do they not like change, or thinking.
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Bitcoin is a currency and an asset. An asset is something you invest in and a currency is something you use for medium of exchange so Bitcoin has both of these properties when it comes to money.
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South Korea's ban on ICOs is a great thing. Authorities are starting to discern between the fakes and Bitcoin. If the authorities start backing Bitcoin then the near future looks bright for Bitcoin.
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When I try and explain cryptocurrency people do tend to understand because they actually ask a lot of questions which means they are engaged and trying to learn more.
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The advantages of Bitcoin seem to be endless these days but for now I'd say the immutable public ledger is the number one thing as well as the consensus network that runs on it.
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The best thing you can do with people that don't like Bitcoin is to ignore them and focus on the people who do like Bitcoin. Not too long after the people who doubted will come around asking questions.
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Usually privacy coins are the best ones to buy but if you want to be safe just buy the dip in Bitcoin, but try and just buy and hold as best you can as that's ideal since hyperbitcoinization is upon us.
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Bitcoin is definitely a good way to increase wealth long term by saving through holding your bitcoins. If you do this then you have a sure fire way to make gains like you've never made before in an investment. Hold for 20-30 years, but you can take off the top every 5.
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If you have been holding bitcoins from early days then that has definitely been more profitable but even then, over long term you want to hold your bitcoins as they will be extremely profitable anytime after 5 years from now.
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My favorite trading exchange has to be 1Broker. They are offer Forex options which I like because that has a lot of volume which make it easier to predict short term price variations.
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Investing is a lot better for stress levels as well as profits. All you have to do is buy and hold BTC since it's supply is limited. If you trade you are losing precious bitcoins that will continue to become more valuable.
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You should just buy your bitcoins and hold them in your wallet for as long as you can. Get comfortable storing them and sending and receiving for when you need to use it, but that shouldn't be for a while.
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Bitcoin mining has two types. One is with a full node and that is the act of validating and constructing new blocks, and two is hashing which is solving proof-of-work problems.
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People will keep saying bitcoin is illegal, people will keep saying people is used by criminals, etc. They are just either ignorant or work for gov't or MSM and know BTC's true potential.
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The key to knowing a good project imo is that it has a great dev team with a good track record of doing alutruistic work. This means they are trying to build for the future.
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Bitcoin will for sure be the standard in which all other currencies base their value off of, and there might be one altcoin on the Grin blockchain for privacy reasons but that's it. Other gov't money will become digital.
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There are two types of mining, mining with a full node which is the act of validating and constructing new blocks, and hashing which is the act of solving proof-of-work problems.
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damn you must live in a horrible place O_o and not have a great family either.
Bitcoin is a great toy, but we all need some real value stores. Personally, I make a point of extracting a portion of my trading profits every once in a while, putting it into gold/silver bullion, magic sealed, and some other stuff. no point in keeping all eggs in one basket.
There again I'm not a big trader, so we're talking about a couple of grand a year in bullion. nothing amazing.
Gold is a decent store of value but more and more gets mined each year and it can be changed via melting it, and has happened before thus inflating the price. BTC has 21 million coins and has a deflationary supply model. |
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