What do you think about the ups and downs of the currency Bitcoin ?
Whether it's an advantage or a disadvantage?
that is where you make money in trading. If the price is constant there will be no money in trading. The price will always go up and down, it is your job as a trader to predict when it will happen by reading the news or analyzing the charts. |
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That's where the money comes from; risk of investments. If you take no risk and put your money up with 100% confidence that you're going to get it back, then expect to make little to no money off of it. If you are able to find something that gives you a return for essentially no risk, then it is more often than not too good to be true.
Risk is a huge factor of investments. While you can be burned by them, you can make enough doing whatever.
Blind risk is not profitable either. The only risk you should take is when it is calculated risk, in which losing is very little. You do not have to be a risk taker if you can avoid it. |
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Bitcoin is not going to die, because technology will always pave the way for new ideas. I think there is competition also emerging from the new digital coin that also may be hard to compete with in the future but did not die.
Well, there is no obvious connetion between you statement and argument. Technology might pave the way for something totally different from bitcoin and something that would kill it, don't you think? And my thought is that there will definitely come the time for btc death, because nothing lasts forever and everything in our world requires some additional support to exist. If people wouldn't need btc it won't be there anymore. Only if bitcoin fails to adopt to the new technology and need. But bitcoin have solid devs and community support. So i think bitcoin will not die because of technological advancement. It may die because a new crypto is better but that there is no crypto better than bitcoin yet. |
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Selling everything is not the right way to make good profit as the price is quite fluctuating without much decrease or increase. Soon by the days near to year end steep increase would happen. Selling based upon the price movement and requirement is the right decision compared to selling everything on a whole.
I also expect good growth rates biikoin at the end of the year. Therefore, even when the price of Biti recently dropped a coin, I'm not even worried. But some began to panic Some panics easily on the slightest downward movement of bitcoin price. But we see it over and over again. When the price goes down, it always come back up. So we do not have to worry too much. You can sell at any price as long as it is already profit for you but do not sell everything yet. The price will be much higher in the future. |
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$800 soon when close to december or christmas?
Already the price of bitcoin is around $750, every year by the year end price increase takes place. This time such a price increase might take the price to $800 or even more. This time we may experience a steep increase as the ongoing year is one among the halving year. This is actually attainable. 800$ can be reached within this year if the price keeps pushing. |
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We are pumping the bitcoin and the fact is that it gets media attention what is good for the bitcoin and due to the people are also buying it what is of course great.
I am agree that it's we are who are pumping bitcoin. Not Trump and someone from politic. The demand makes the price to rise actually. When ever when appear new users of bitcoin or new investors the price for bitcoin starts to grow. The demand and selling-buying makes bitcoin machine works. We as people were pumping the bitcoins now they are those miners and they bought mining hardwares to mine bitcoins. If i were to choose its better to do tradings online rather than mining because in trading you have an analytical skills to develop rather than mining its more like not challenging. A lot of demands makes btc price rises to its value. Who needs to develop analytical skills if you are earning tons of money in mining. It is a passive income. We push bitcoins to be adopted and make the price higher while miners make sure that transactions are confirmed and the blockchain secured. |
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If you have money and you believe in bitcoin, then go ahead and buy as much as you can. I believe the price of bitcoin will be much higher than it is today in the future. But you don't have to rely on my word, go learn more about bitcoin and judge it by yourself.
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Hi I wonder about the demographics of bitcoin. Who uses it, race, location, gender?
I read the coindesk paper on it, but wonder if there is some other more updated documentation on it.
Regards
I think bitcoin is used by so many people in the world, different skin, culture, language and gender. But I think the most of them are people in china, becouse there are the biggest minning in the world. Yes, it's an international currency that have a lot of power on internet. China have a lot of mining power and that's not all, they have a lot of people that use the coin. Maybe I can disagree about the gender, I don't see much women using the coin. I do not think we can state the exact demographics of bitcoin. And for me, it does not matter anyway. In the future, if bitcoin is massively adopted then location, gender, race will not matter. |
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For me, mass adoption is much better than just price increase. With mass adoption, it will be easier for bitcoin owners to spend their bitcoins. And it will also stabilize the price of bitcoin so we will not have to suffer too much price fluctuations..
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China has well over half the trading volume. And most of the mining. They could certainly make some bumps in the road but they wont do anything that will negatively impact the price.They own too much.
But they can work together so they can control the price of bitcoin. That is a bad thing for small traders. And if they have the 51% control, then it will not be that decentralized anymore, I think. |
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I do not want to know because I do not want to be depressed. I bought my smart phone when the price of bitcoin was still in cents, so you can just imagine how much it could have been by now.
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forex is very risky to trading the fluctuation of money is high everyday
I think that is too hard to get money on forex if we don't have a good analysis on the market
It is just the same with any kind of trading. If you do not do your work and analyze the market, you will get nowhere and earn nothing. But if you do your research properly and you study the charts and the market, you have a bigger chance to win and make a large amount of money. |
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I discovered bitcoin thru a colleague who is earning bitcoin thru signature campaign. So I also tried it and that proves to be a good move to try and trust bitcoin. I earned a lot and learned a lot about bitcoin and trading.
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There is a lot of money in forex trading. But you cannot easily do it. For starters, you need a large amount of money before you can start trading. If you do not have capital, better start altcoin or bitcoin trading first. Sharpen your skills there and as you get better, start saving to have a shot at forex.
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I don't know anything about replacing it but I'm sure more people will come to know bitcoin and use it but never can bitcoin actually replace dollar because 90% of world's wealth depends on dollar.
You are right with it, we may think that it is really impossible to replace dollar by bitcoin and many thinks bitcoin is still too young. But with the worlds economy I don't think this will be easy for bitcoin to replace a very old currency that has being dependent to its subordinates. And many are supporting dollar so this will be hard for bitcoin to make it happen. I totally agree some people really think that bitcoin will replace dollar. for me, it's not possible since USD.. bitcoin price relies on dollars and without it bitcoin will lose it's value. Bitcoin does not rely on dollars or any other fiat. Bitcoin value is from our trust to its system. And we measure that value with dollar. Even without usd, bitcoin will still stand and survived. In fact, it may even get more valuable. |
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Best way to manage money?
way to manage money if I have much money, I would invest half of my money. besides that, I will save my money on the bank. And if I have much bitcoin I will use bitcoin to trading although trading has a risk, but same I am not spending all bitcoin but only half of all bitcoin, because we must have speculation.
That sounds reasonable but the ratio of saving and investing will depend on your economic situation for the ones who are rich they could invest 95% of their money and have the rest for emergencies and for the ones that are poor then having a greater amount of savings than money invested makes the most sense. Even if you are rich, you do not invest 95% of your money. There is a limit of the amount you invest / risk. Rich or poor, it is still best practice to have different savings account. Then, invest only a part of your savings. Invest only the amount you can afford to lose. |
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Do you include gold jewelry holding gold? It is just a few ounce but it grows in value right? If you are just counting bars of gold, then the banks can tell you that. But there is no sense comparing bitcoin and gold anyway. They are different in almost all aspects. So if you can get hold of gold, then do so. If bitcoin, then hold on it too.
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I hope so. I will be very happy if it reach that level. But no one actually can tell if the price will reach 1000$ or not. Only time can tell. What we can do is continue supporting bitcoin so that it will progress more and more chance to reach that price.
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if 1k happened in the past, it will happen again sometime in the future.... but no one knows when..... however, I prefer a slow and stable increase.... dont rush things guyss....
We all wanted that, don't we? But as most investments would say, past performance does not guarantee future performance. It can also apply to bitcoin. So even if the priced reached 1000+ before, it is not an assurance that it will reach that high too. |
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you can grow your bitcoins through a multiple of ways, you can grow your bitcoins if you invest your money in gambling, you can also grow your bitcoin if you invest your money in alt coins, you can also grow your bitcoin if you lend your bitcoins to some one.
Maybe it is not a good idea to lend your bitcoins to someone. Your idea of investing your bitcoin in gambling, by putting your money on the house. You know it will grow because the house always win in gambling. YOu just have to pick a good gambling house, the one with a lot of gamblers going in. |
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