I would like to say hello first off, I am new to these forums as a member, but I do often enjoy browsing on my lunch break.
I see a lot of people like to invest in other coins in particular IPO/ICO. But with the volatility of Bitcoin is this not the best investment choice in itself? Keeping your Bitcoins which have a higher value and can fluctuate more? Especially with the recent halving, I can only see the value going up.
Do you see any need to invest elsewhere or is it greedy? What are your thoughts on this?
If you see that the IPO/ICO have solid devs and will be profitable in the future, it is okay to invest in it. It is not greediness to seek and invest on different platforms. I think it is a must to invest on different coins not only on bitcoin. As long as you know that the coins you are investing have good foundation and you can invest on it for long term just like you would do with bitcoin. |
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700 USD seem quite attainable within this month so better not to get surprised even if price touch 750$+ within second week of November, quite hard to believe constant regular 10$+ price pump every day this week.  $700 has already been achieved and we are heading towards $750 as the resistance seems quite strong currently seeing bullish movement all over the charts, and markets are ready to show some real games during November... Let's get ready for it and watch... yes sir, the most support level has been broken and the next level might be 750. Hopefully, some good fundamental issue and news come up next week, that will push the bitcoin toward 800 and before first quarter of next year we would be at 1000. Wouldn't it be nice if we get into 1000 that soon. But I think, it will be too soon. I would rather have the price crawl its way to 1000 in a span of 1 year than have it too soon and people will start dumping their coins bringing the price back down. |
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Successful trade is where you buy low and sell it for a higher price. But a successful trade requires patience to make it happen. If you are not willing to wait then you can't do any successful trade.
But the real skill lies on your ability to correctly predict when to enter and exit the market. There are a lot of factors for a price of a commodity, like bitcoin, so correctly predicting if the price will go up or down in a few months is hard work. It takes a lot of patience to learn it and a lot of perseverance to continue reading news and articles that will provide you a good insight. If you have this, successful trades are inevitable. |
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A few days, then users will start dumping their coins that will drive the price down. ANd it will slowly go up again, then by that time, the price will stick to 700 and will slowly go higher than that.
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I am thinking in investing my savings into Bitcoin and try to get some profit when the price of BTC goes up, but is it actually profitable?
It is profitable even if you do not actively trade. Just buy some bitcoins and hold them for a while. Regularly check the price, if it is higher than when you buy then sell it for profit. Just do the process over and over again. |
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We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this
Those who do not understand or does not care to understand what bitcoin is and how it works will say silly things like that. But you know better so you could try to enlighten him and if he does not listen then give him a calculator and let him beat the miners on the next block of coins. |
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If Bitcoin was made illegal by your government and the punishment was very bad, would you still use it, would you still openly support it?
I will still support and use bitcoin even if my government bans it. I will just be careful not to let them catch me. There are a lot of illegal things that can be harmful to others and people are still doing it. I think bitcoin is for the good of people and making it illegal is taking it backwards. |
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@ OP What role does it play who is behind the run? It could just be the market. I don't think there is some special kind of agenda or group behind that upwards movement. Ok maybe it's China! China!China! I do not know the years before, but I think the same scenario happens last year around this time. So I thought there must be a force that is driving this price increase. But of course, I could be wrong and I am just imagining things. |
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It is almost 700 now. A little more push and we will be there. I wonder if some people will start dumping when the price reach 700 to bag in their profits. Because I will, that is my target price and I hope it gets there before this month is over.
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I don't play the markets, but it seems interesting. Any crazy stories out there? Only thing close I have, when I got my first Bitcoin the price was $180 and had been holding steady for months. I needed some cash so I sold my Bitcoin for $180 and within 2 weeks the price of Bitcoin was over $1000. It was terrible.  In retrospect, you could have just waited for a few more days and you could have reaped a very high profit. But nobody knows what will happen with bitcoins back then. Those who both at 1000 have suffered a big loss too when the price plummeted back to 200. At lease you did not suffer a loss. |
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I don't believe it has much to do with pump and dump groups this time. In my opinion it's more about natural growth with bitcoin's fundamentals and technicals looking good. Bitcoin makes for a great investment nowadays, and after the halving more and more people started to realize this. Baby steps!
I want to believe it is a natural growth but it is just too fast paced to be a natural growth. Anyway, if this continues, people will start dumping again for a quick profit and everything will go back to where it started, hopefully not below 600. |
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Say you had as an example 50k usd in bitcoin, how would you invest it in a serious way to grow your wealth long term? Would you hold in coins, P2P lending etc or rather would you cash it and buy company shares or something?
Quite a substantial amount of money. I will not trust myself to handle or invest that amount of money. The safest maybe is to buy and hold bitcoin, sell when it has a bit of profit and repeat the process. If you can take risk, you can invest them on some gambling sites that accepts investor. |
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Before I sleep last night the price was just below 660, and now it is above 680. It even hit 690 at one point. It this a legit price increase or is it just a pump for the holiday? Why does bitcoin price seems to pump around this time of the year?
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Do not follow tips and advice blindly. Do your own research on the company you want to invest and be sure to verify those information you are getting. If you are sure with the company, invest money you can afford to lose.
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Maybe in the far future there is a possibility but right now it will still not happen because f the fact that its not possible right now.
If the bitcoin gets bigger there is maybe a possibility.
Is this a joke even in the future bitcoin can't really replace the real money in the world and it can really be happen anymore if you guy's are believing that bitcoin can really replace money then it always a rumble or rude to those country who are not using bitcoin. We never know that. Only time can tell. Oldest system are replaced by new ones. I think it can be the same with the current financial system. It can be bitcoin or another cryptocurrency that replaces fiat. |
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In my opinion it's better to do a bit of both, and split your earnings in there equal sums: one for daily spendings, one for investments and one for savings. You need the daily spendings sum because you have to buy stuff like food and hygiene, you need investments for some extra profit and you need savings because you never know when you have to spend a lot of money and that comes into help.
You are right, we should do both. But if our income does not allow us to do savings and investing at the same time, prioritize savings. If you saved enough, use the money to start an investment and restart savings again. Repeat this until you are satisfied with the money you have and coming in. |
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Whatever I earn from my day job goes to paying mortgages, electricity, water, food and medicine. Almost all of my salary goes to expenses. Luckily bitcoin gave me a chance to earn some extra income on my free hours. Bitcoin is now my savings account.
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I have had some troubles in managing money in the past especially when I have earned less money and am spending more that I have earned but I got over it. The secret is in reaching that balance in your life to know how much you spend versus how much you earn and then try to balance these two in regard of each other.
That is basically how you do it but it is easier said than done. Temptation comes along and will ruin your plan or your budget. The hardest part of it is discipline to stick to your budget. Without it, whatever balance you do to your money, you will never succeed. |
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I need to work for my income in bitcoins, and more I work or more luck I have, more monthly profit will be. I didn't find alternative way of making money, passive income require investment in some service, or bank, stocks. I'm simply not ready to get in some business like that one, I don't have enough knowledge and I have limited amount of money.
I advise you to start learning about it and get one. It is not always that you can work to earn money. Those passive income will come handy when you cannot work anymore. And if you have passive income, you earn faster and you can save more for the future. |
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I do understand about the transaction fee is less in bitcoins but you miss the very important thing that is safty. If your dealing with a unknow person online then your main priority should be safty of our funds instead of worrying on small fee so when I deal with unknow people then I use paypal to pay them. Bitcoins are very safe but you always need to go through escorw to deal with unknow people.
That is the disadvantage of bitcoin, it is fast and less fee but you need to have an escrow to protect buyers. But if I have to chose between safe but will freeze your account (paypal) and fast, less fees but little bit risky (bitcoin), i'll choose bitcoin all the time. Bitcoin should always be the best because the way paypal handles customers is very pathetic, you will have your money in the account but wake the next and find out that paypa has freezed your account which means yor money is gone forevwer or it might take you very ong time to recover it. Thats why I do not like paypal. Right, paypal also holds your money in your account if you are a new user or have not received a certain amount of dollars before. That is just not fair for new users. I know paypal just want to protect buyers but I think it is just not fair. So, it is better to use bitcoin because funds are not being withheld from the user. |
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