For me, if you are new in bitcoin, dont quit.
Bitcoin trading is not a stable income, at least you need a stable income to support your research in bitcoin world.
Just patient in research, until you become an expert in bitcoin, then its okay to quit.
Even if you were in the bitcoin world for a long time and you became a bitcoin expert, you still should not quit your job because as you say bitcoin is not stable, we can not know the future of bitcoin, it still exists and grows or it will disappear, nothing guaranteed to us when we work with it, so we should not quit the job for bitcoin. Our main job will be something that guarantees us in the long run, that is where we can grow and stabilize for a long time, and if we do not like our current job or our salary is too low, we can look for a new job, a place where we can grow, Bitcoin is just a temporary stop for us, it can not be a place for us to develop in the future, it has too many risks and problems. |
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This can be simple explained both are highly profitable and risky from some point.
Gambling always have 50-50 chances on win unless you play safe on some small margin bet.
Trading can be little defensive you can cash out if you see that your investment didnt go well or it was a bad call.
exactly, trading can save you a hell of money unlike gambling which can quickly drain your pockets and render you bankrupt trading has limits that you can set to try to control how much you can afford to loose and how much you can gain and the trade stops any time each of these limits is reached. yes, that's right. In trading, your main goal is to preserve your existing funds as much as possible while trying to gain some. Betting has the same concept, but relying on luck alone will definitely make you lose more often than not. The good thing with trading compared to gambling is that, as long as you are not selling your altcoins until its price is going high, you are not losing anything. But in gambling, once the outcome is lose or red, you already lost it. Good point there i agree with you, because that is one of the big differences in gambling and trading. In altcoins you can hold it for how many days, weeks, months or even a year and making a big amount of profits if it a right coin to invest but in gambling it s only a snap or a minute to lose if you dont know how to manage your money on playing. Yeah, in gambling, the results of the game will appear immediately, and we can only win or lose, without any other options, we can not stop when the game has started, that makes us unable to control anything, everything is almost fixed, all can only rely on luck and I rarely see people get good results from gambling, casinos is always cheating, win is impossible. With trading, winning or losing is in our control, the problem is that we have sufficient capacity to control or not, we can stop whenever we want, lucky only a small part of the results, most of us need to rely on the skills and strategies, if we compare, we would feel that trading is always better and safer than gambling in all aspects |
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First of all bitcoin is not considered as a currency at the moment because it has changed itself to be an asset more like a gold than a currency. So it is not the strongest currency nor the strongest asset
I agree with you, no one considers it as a currency, people just consider it a kind of asset, a place to invest and make money, they do not have too many ideas for using it in the long run and in real life because it is very difficult to control and unstable, the government is still worried about the bad things around it, so government always prevent the use Bitcoin as a payment method and currency. It has so many huge walls to overcome and too much trouble that needs to be improved, the strongest currency in the world is still so far away with bitcoin, even it is almost impossible to happen |
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I don't think it will come to an extent for bank to start a war against bitcoin. The innovation of bitcoin as a currency is a different concept that is entirely different from the usual fiat currency. As long as the fiat currency is still in existence, so also will banks.
Exactly, bitcoin has no great influence on banks because in theory, bitcoin is considered as a currency but in fact, we all here only consider bitcoin as an ideal investment destination, that means that people still trust the bank more than bitcoin, people still convert bitcoin into cash without holding the bitcoin for too long, high price and reasonable will sell. In addition, banks receiving benefits from bitcoin and bitcoin also receive benefits from banks, both help each other grow, so do not be against each other |
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It depends on your trading style. If you are a day trader, you can sell and buy back at a lower price. But if you are a long term trader you can hold it. Follow the trend. Sell only when you see that trend is changing. Hope it helps you.
Yeah you told the right strategy above holding is the best possible solution to avoid loss in the decline days and we all know that those who start panic selling at the decline are the stupid because price goes down and then come back with huge force so selling coin at loss is not a good omen at all and this shows the lack of market knowledge and those who are stick to their aim they get more than their goals often, Trading is the game of fluctuation as there will be always ups and down in the market so some time the prices are falling in the market which may be taken as routine matter because this is the basic phenomena of the trading so one will have to wait patient for the trend to reverse, one should not sell his coin in such circumstances and should hold on his coins. Bitcoin prices are very stable in the market so if you have investment in bitcoin then you will not face such situation. In the case of Bitcoin, the price fall will not be a problem too big, if we have been involved in the cryptocurrencies for a long time, we will have a certain belief in bitcoin and recognizing the familiar scenario of the whale when they make the price of bitcoin drop sharply then pump back. And if we knew, we would have nothing to worry about, be patient and wait, everything would be back, in the case of altcoin, this will be another story, depending on the potential and future of altcoin, we will know what we should do when prices fall, cut losses or wait, but our psychology needs to be as stable as possible before we make a decision |
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I am new here bt don't understad how improve trading. I am already loss many altcoin.Now I am improve my trading.give some tips about this
To improve trading, you must learn to be patient first. You have to wait for the right time to strike your trade or so what we call perfect timing. Also, you need to keep monitoring the trading sites that you are using, so that you'll get an update on what your competitors offer that you don't have. That way, you'll get the idea of what to do next, giving you the upper hand. Experience on devoting a lot of time in trading is the best way, regarding the fear you can already over come it and the capital investment you can always have it but the strategy that you will learn in doing trading will always come from your experience and the knowledge that you will gain from reading the market and updates. Spend more time to accumulate experience in trading is a good way to help us improve trading, however, we should remember that accumulated experience should accompany the application in practice, not just in theory, should all practice. Gradually we will learn to control the emotions through the practice in reality, an advice that I think is necessary for all is that we should look for a teacher, a trader with many years of experience can teach us a lot of good things, hardworking and eager to learn, from there we can develop and improve trading significantly in a short period of time |
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I think one of the biggest disadvantages of bitcoin is that not everyone knows it can be applied anywhere. Where you can buy something like groceries and pay with bitcoin. In some countries not many bisni receive bitcoin. But not yet known people will start to admit it.  Yeah, the potential of bitcoin is still underestimated and that made the popularity of bitcoin decrease, many people still do not know bitcoin and some people know but they still doubt about it, it still can not come and get accepted by people all over the world. In addition, the government is worried that bitcoin will affect the economy and may create more crime, they have tightened the use and transactions with Bitcoin, some countries have banned the use Bitcoin for transactions, it is also a major disadvantage to the development of bitcoin |
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I think this is right time buy bitcoin because the price is down little bit but the prices will be increase fastly. then hold it or investment & earn huge profit.  The price of bitcoin is being adjusted after the pump is finished, so the price of bitcoin in the present time is quite cheap, buying it at this time is appropriate, we only need to wait for a short time, when the price of the bitcoin is pumped back, the profit we get will be huge. Bitcoin will always break the old price to reach a new price after it returns, this is a script that everyone knows, many people believe that bitcoin will rise very high next year when many new people have realized the potential and opportunity from bitcoin, market capitalization will increase, bitcoin will have the opportunity to increase, and there is no reason for us to miss this good opportunity |
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I think it is possible. As the technology evolves you can't really stop it. In developed countries everybody uses paypal or credit cards to make purchases and since bitcoin makes it even easier, I don't see why it can't replace the actual currency
In contrast to you, I think not because although the technology can be developed, but not everyone is interested in technology, many people still prefer the more traditional, real money still has its own advantages, bitcoin can not compare, especially real money still has strong community and vast worldwide, the government still support it, Bitcoin wants to make it disappear is impossible. In addition, bitcoin is only considered a place to invest, it is not considered as currency because the value of bitcoin is unstable, this is a disadvantage that makes bitcoin not suitable for use in practice |
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My plan in bitcoin in the future..I want my bitcoin to save it then i will wait it to make the price higher and sell it i have many wish in my life i want to be someday to be rich buy everything like car,house,going anywhere to help my family.maybe when I'm successful in investing bitcoin maybe all my dream in the future will come true by help of bitcoin.
My plan also has many similarities with you, spot difference is that I will not save my bitcoin, I will develop my bitcoin through trading because if you only save, you will need to wait for a long time to reach your future plans, I do not want to waste time for it. You can wait but your family sometimes can not, the time is very precious, trading will help us shorten the time, our plans will come true sooner, the only problem is that trading will be risky but I think we only live once, want to succeed, we need courage and take risks |
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The profits that may result from following this game are what make people become addicted to gambling, although they realize that the risk of this game is very high and they realize that not every time to benefit from following this gambling game. However, as they have become addicted to this game it has become their hobby.
Always think about profits and focus on pursuing profits in gambling, that will make us forget everything around and we will gamble until we reach the goal that we pursue, gradually one day, two days later one month, two months, our goal still can not be completed, what we get is that gambling becomes our daily habit, we can not eliminate it. Everyone knows gambling is risky but everyone has a small thought that we can be lucky, we can become rich from gambling, and that makes us fall into the trap that gambling has set up, greed is always the source of the crime |
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For me yes bitcoin is a good way to invest your money,
It have a huge potential that if you would hold it for a long period of time you could make a decent amount of profit from it.
The things you talked about until now are still valid, Bitcoin is still a great place to invest our money, after the end of 2017, I think many millionaires will be born because the appearance of bitcoin. Although I can not reach the level called the millionaire but I feel my life is a lot better than the past, no worries about money, spending quite comfortable, sitting anywhere can also earn money, this can prove to everyone that the positive impact of Bitcoin to life, it is very strong, and Bitcoin is still capable of development in the future, it really is a great place to invest money |
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For me the risk on long term investment in bitcoin is not very risky at all because you will just wait for like 1 to 2 years or more. But if we are talking about the short investment then it is very risky because the price is becoming unpredictable even more though all of this is base on my speculation.
Yeah, Bitcoin is pumped capital into lots because it is gradually gaining trust and expanding its popularity in the market, that made new investors realize the value and potential of bitcoin, they have started investing in bitcoin, so investing and holding bitcoin for a long time will not be too risky, but remember that for a long time does not mean too long, we should sell it at the right time. We should not be too greedy and have blind faith in Bitcoin, sometimes this can also bring good results but sometimes, it also brings bad results, careful and remember safety is always a top priority |
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When is the best time to buy bitcoin and when do you think is the best time to sell?
I think its a great time to buy now but when is a good time to sell (if you have any idea please share)
we should know the right time to buy and sell bitcoin by looking at bitcoin price charts, if bitcoin price is low / down then it is the right time to buy bitcoin and the right time to sell bitcoin is when bitcoin price rises / high. then use the best time possible to get what we expect I agree, that's the good way to buy or sell our bitcoin, we need to look at bitcoin price chart or value and wait when the price was low, and that's the time to buy more bitcoin and wait when the price increase his value and sell, so we gain more profit when we apply that strategy. The news around bitcoin is also very important, it is the best signal for us to know in the next period, we should buy or sell and look at the chart will help us know when that happens, the market always sends signals to us, we need careful observation and meticulous. In addition, we also need technical analysis on the price chart of bitcoin, this is a very difficult skill but I think if we know technical analysis, we can choose the time to buy and sell is quite accurate and perfect. And if we can not do that, we just need to remember to buy when the bubble is broken and sell when the bubble is pumped back. |
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If we aim to save bitcoin for the child's future, we should make details about the address and key of bitcoin and store safely, write testament to the child about it. So when we're dead, our children can sell the bitcoins we keep safely.
Saving bitcoin for our children is something that I think is unnecessary because we can not know in the future, bitcoin will still be popular or will continue to grow or not, saving bitcoin too long will not bring too much meaning if at the point of the future, the price of bitcoin fell sharply. We should sell bitcoin at an appropriate time, when the price of bitcoin reaches the highest level, it will help us to have some savings for our children in the future, this will be better than holding and waiting in the long run |
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if we look upon the success and profit of day time investors then they are much better then cases, because day time traders generate profit and revel in time by time while holder just wait and when time arrive for selling they simply enjoy profit after a long period of time.
Day trading is good for those people that has a lot of time to give for it but for people who are working all day long on their offices holding will be the best choice for them. I've an example of how much day traders are earning, if you have an investment capital of lowest $500 and this is good for those day traders that are still new and doesn't want to take higher risk and decided to have 3% gain daily. 3%x30 days = 90% and that will be equivalent to $450 and that's quite good right? I will always prefer day trading because day trading are very fast trading and give you profit with a past rate and I have experienced in day trading while holding trading is also good but it take a lot of time so that’s why I am interested in day trading. Otherwise holding trading is also best for earning profit. Yeah, day trading can be profitable quickly and if we have the skills and experience suitable for day trading, this will be an advantage for us to avoid risk and improve profitability. However, personally, I do not like the nature of day trading because it is too fast, it will bring great danger, too fast = too dangerous, this is something that I think everyone knows, we only need to make one mistake, everything we earn before will be useless, so we should choose the holding, it does not have too many special requirements, we just need to select the appropriate time to buy and patience, profits will soon come. |
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For me, Bitcoin has many advantages, one advantage is it gives to the individual money to sustain the basic needs, It also reduce the increasing number of unemployed in some countries, The people who work in bitcoin develops the ability to reason out, enhanced the English proficiency, that's the some advantage of bitcoin.
There are so many advantages that you can get when you are using bitcoin or you are earning bitcoin. Bitcoin is decentralized currency meaning there is no one managing or taking care of this operation. And the other is about payment. Because bitcoin makes the payment system very fast and trustable. And also bitcoin is profitable and you can prefer it as you source of income. No one managing and caring is a great advantage of bitcoin because that helps the price of bitcoin can not be stable, the price always depends on market demand, traders always take advantage of that to pump the price of bitcoin, and the price of bitcoin will rise higher, that would be the opportunity to make a lot of money from it. In addition, Bitcoin has a strong community and a large number of users, it really is the most popular and best-loved, the support from users is very strong, that is the advantage and that makes us feel the space to develop in the future of Bitcoin is very large, worth the investment |
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I think the great way to make bitcoin is by joining some campaign in this forum and also doing an alt-coin trading,
The first thing that comes in to my mind is campaign because you could earn some free token or bitcoin by just joining them ,
Second is trading this would be a great way if you have some skills .
I agree with you, the campaign is always the most preferred job for earning bitcoin free, the most important thing is that we need patience and hard work, write post per day to upgrade the rank because if we do not invest money, we will need to invest time and effort, that is a sure thing. In addition, we should use social accounts with large amounts of followers to participate in social campaigns altcoin, that is where we can rely on luck to earn a large amount of Bitcoin, trading is also a good way, but we need to learn the analytical methods before we engage to minimize risks |
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Yes, because it helps lot of people to give more opportunity to invest and earn in bitcoin, especially to those unemployed. So bitcoin will end poverty, because as we notice and we heard that there are almost people are give thanks and appreciate to bitcoin. I believe that bitcoin can end world poverty because of its profit and most of people are already invest. It has a potential that can end world poverty because the price is good.
Bitcoin help for the unemployed, providing jobs for more people interested and aware of it, but do you think the poor will know Bitcoin, certainly not, even they do not know about computers, they do not know about the internet, that means they can not work with bitcoin, bitcoin can not help them. And in fact, Bitcoin will not be ending poverty around the world, it can bring income and work to many people but that is only limited to a certain degree, it can not do anything beyond its capabilities, poverty is still a terrible problem that can not be solved |
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A stable price definitely would not attract traders, but it would instead attract users who want to use it as means of payment. It would also be more used as unit of account and a medium of exchange than it is today.
Users who use it as a payment method only make it popular to a certain extent, it will not be too popular as current, everyone likes bitcoin only at the profit that it brings, there is no oscillation, no money and no money, it is just useless, remove it as soon as possible, this is definitely something that people who support and trust the bitcoin will do with it if it's stable. And bitcoin is a place that can help traders make a lot of money, they will link together to make the price of bitcoin change, so stability with bitcoin is not possible |
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