Bitcoin is indeed risky. But bank investments are risky too. In our country (coz I'm not sure if this exist in other countries). When you have a large amount on your account they will call you and ask you if you want to invest, minimum of 20,000 Php (or 400 USD). They will propose some investment plans where there is a choice of low, medium, or high risk investment. When you choose the high risk there is a chance to lose or gain 100% of your investment (Medium is 75% and low is 50% if I remember it right). It doesn't make sense to me, it sounds like a scam, they will invest using your money and you don't have any control to it. That is why I like bitcoin more, coz Though it is risky and it's very volatile, you have full control on your investment.
What do you guys think?
Yes, it is easy and simple to comment that investing in bitcoin is much more risky than bank investment. Investment involves high profit and high risk. That means if you invest in bitcoin, you have and face a good or big opportunity to get high profit besides high risk that you must avoid or at least must be controlled or minimized. Bank investment is safe but also low return. Decision to invest in bitcoin or bank depends on you, how much money you want to invest and your risk tolerance. I personally suggest to invest in bitcoin using some of your idle money and the rest still saved at your bank account. Both of them are risky bank usually when in the bankruptcy they only return small amount of deposit according to the banking law via insurance policy, BTC risk is scamming but you already know what are the trading sites that are legit your in safe hands. |
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We all have that thought why do Chinese people actually make it in the business world. The reason apparently is that at an early age, their parents are conditioning the minds of their children to do business in the hopes that they will actually be heirs to their family business.
In your opinion, should we be teaching them the same or teaching them to be successful employees for the sake of climbing up the economic ladder?
the situation varies in every family. come to think of it if all the people will do business who will be the buyers? it has to be balance and do not mind slave your children. let them decide for themselves. You're right, the situation in each family is different. But it certainly will not hurt anyone's knowledge of business. Such knowledge will allow making better choices about the future. In building a future of your children is always a step to step method but first is education, but you should inject in the mind of your siblings about business, because if be is no successful in his career he as another option to do business |
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Human always had a hrd time believing and trusting their funds to a something new, plus the people are really lazy to dig deep in understanding crypto!
In terms of monetary people will not trust immediately unless they might see proof that their funds are in good hands, bitcoin is anonymous you should find hard time to convince leader to believe in crypto currency, but for a country who knows and always think out of the box rather than traditional way welcome bitcoin. |
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Day trading is very intertaining and fun if you and you have plenty of time and a good skills in trading you can simply earn a good profit in day trading daily. But if you dont have a good skills in day trading you just lose your money.
You should definitely have the skills and the experience for day-trading. You can start these activities only when you are in a trading business for at least a year or even more. The newbie should better hold. Yeah I agree you should know first how to manipulate in trading when, how and how much to trade, the thing that you should know as a newbie or you might seek an advise to your experience trader friends, to earn and ideas when you engage in day to day trading. |
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Looks like the prediction is coming true. In addition there could be a BTC crash more so than I was considering
If BTC breaks below 6700 USD this will cause the market to crash big time bleeding out the shitcoins: This is what I think the big boys want!
I believe that the price now a days is just temporary, it will recover soon, there are lots of investors just waiting and will buy when the price is favorable to them, FUD or whatever is just Bluff to subdue weaker hands to sell their BTC in lower price. |
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Ethereum is mooning incredibly with stability, But bitcoin still a volatile coin. Lots of crypto expert telling that 2018 Will be for Ethereum. So, what do you think, Can Ethereum beat Bitcoin?
Sorry For bad English. I am trying to improve it.
Thank You, everyone.
it's a small possibility to beat bitcoin because bitcoin is the main coin and hence Ethereum can beat bitcoin for now because bitcoin is still decreasing and not stable and I know bitcoin can evaporate quickly because it has blockchain technology and to send, bitcoin is very long It does not look like ETH will beat Bitcoin. Bitcoin has also entered the phase of stability. There was a fall in the price of Bitcoin few weeks ago but the fall has been recovered now and due to this element of stability, it has again started attracting good investors. Even during the dip, people held onto their coins and waited until the market is in the boom phase again. ETH is expected to rise and cross $2000 towards the end of the year. This is what the experts predict about the ETH. As of now all altcoins is very dependent with bitcoin when the price of bitcoin will goes up every body would goes up too but when it goes down same thing also, that signifies that bitcoin is still dominant but good things Ethereum is trying to compete in terms price and technology in which we could compare and would stop monopoly and create opportunity to improve more. |
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Hi folks share your thoughts about crypto currencies. i will really appreciate to all experts here thanks
I am confident that cryptocurrency will continue to boom this year, specially with great coins like bitcoin. Many people will come and adopt this kind of technology, many countries will finally accept bitcoin and of course more people will make good profit because of cryptocurrency. I am hoping for a great change in technology. I am confident that bitcoin will become more popular in the following years because of the convenience that it gives. Crypto currency will become the currency of the future this is the changes of currency around the world it will replace the domination of us dollars, the value of all currency will be based on the most popular coins in the world which is bitcoin. |
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Unfortunately, now more and more ico projects are turned out to be a scam. Maybe people think that ico's will live for the next 10 years but if we will see more and more scams this time can be shorter
Obviously there are lots of scam ICO’s it simply because it is not regulated, every body is free whatever you want, to create a scam ICO's, that will victimized legitimate investors just to earn out of it and no body be penalized hopefully there might an organization a team composed concerned investors, Lawyers, auditors and others that study their white paper and would guide investors to the right ICO’s in a forum site like Bitcoin talk and other related sites. |
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Hello guys please can we share our view as a successful crypto trader how do you cut your loss short??
In order to be successful at anything not just crypto, you have to have a discipline and follow the market rather than going against it as some people do. Always use stop loss function when trading short term that is the best way to make sure you don't lose too much of what you have. Follow the market not your personal reaction to it. Look at yourself as the mirror and market is the person who is looking at the mirror. Reflect what it does. Monitoring is the key you should always monitor what ever the price movement because you can make decisions what coins you should cut to avoid too much losses. Discipline of your self in decision making not too much aggressive, and not be carried by emotions be vigilant and resourceful. |
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Many of the FUDs circulating about bitcoin seem to indicate the scouring of bitcoin users' trust on bitcoin so bad perceptions of bitcoin, especially for new users and selling bitcoin, which seems deterrent to use bitcoin, will the price of bitcoin be destroyed by FUD, How do you react to it?
I don't think so but it will affect the price somehow and eventually the community. FUDs usually cause panic specially for the newbie investors who just rode the hype train without even knowing what bitcoins are and what they are for. I usually just let the FUDs slide because they don't have a good basis for their claims. Usually FUD will discouraged the newbie in the world of cryptocurrency or bitcoin but still there are positive enough who wil pursue to invest because if the trace back the history. They will find out how attractive bitcoin in terms earnjng profit. |
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why do you easily panic like that? I think that's a natural thing. up and down always take turns coming but I always believe that this decline will not be forever and other reflections will happen soon.
Yeah absolutely there is no forever as we all know that never in history of bitcoin that it never bounced back while it fluctuating you should not be panic because there is no good things happen in panicking instead take it as opportunity to buy low price coin while it is low. |
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Yes it is true and I also see it all and it is really true that the media often carry negative news about bitcoin without them understanding the true bitcoin and cryptocurrency, this is very bad.
Maybe that was because government is filtering the thibgs that the media should allow to the people for us to know, this is actually their mortal enemy nowadays cause this forum is revolue way how can we get profit and I guess thats why we have to pick the news that we will believe. Media get their profits out from advertising from bank and other money remittances service providers, when most of establishment uses blockchain technology and bitcoin, as we know it using other platforms which is signature campaign, Facebook, Twitter, for advertising Media might seen that bitcoin is a big treat to their business interests. |
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Trading crypto currencies is better and more profitable than trading stocks, or fiat currencies or forex. The crypto market is very promising and the risk is a lot lower than trading stocks and fiat assets. Also you can making a lot of money by holding your crypto after the trading.
Yeah comparing the two trading of cryptocurrency and forex, crypto currency has an edge between the two in terms of profitability, but in terms of safety I would say that since forex is regulated by government it is safer in sound, |
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I think if the existing coin falls to less than 1000 coins and with the current market capitalization, the amount of capital to be translated into bitcoin is sufficient for bitcoin to reach $ 91,000.
Is not far from reaching because the market place is the the world investors around the shall pay attention on it and will invest and since the supply bitcoin is limited there is a great possibility that it will surpassed 91,000. |
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Whenever I am seeing that my investment is losing, I am also losing some part of my life so for me, whenever I am losing hope of feeling down I am just staring at my family and seeing what I would love to see in their face after many years, so I have to work hard and never quit.
Just relax mate just hold time will come we will recover and we can recover, for we all know we just in middle of the year, as predicted bitcoin price will reach to the level haven't reach before. |
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I still confused about what makes token become expensive. Except for supply-demand, what else which caused some token like erc20 become valuable? I look at about how to create ethereum token and I think almost all of them have the same quality, and security. So what's the answer? what make them so valuable?
So what do you think makes a valuable stock? It's just a promissory note issued by the business owner. Altcoin, too, was developed in the form of stock and was developed on computer operating systems. These are the cryptographic coin promised by the developers. Yeah like banknotes what it makes valuable is the perception that it has a valuable and back by deposited assist in the bank crypto currency is a digital currency It is valuable because of demand but other ICO projects is backed with functional products or services. |
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Yeah off course and very much important is that you shouldn't be very greedy about the trade that you have initiated as it can end you up in vain. Many times people do follow all the points that yo have mentioned here, they do get huge profits in the long run of trading but at the final time they make one big mistake and thats waiting beyond the threshold of the coin and thus it may break down finally and people loose profits as well as that very break even point which they should take as safe line for themselves. Anyway, its really emotional decision that they make which they shouldn't be making.
The points you mentioned are really a good tips on how to do trading, the best tips I ever heard and the bottom line is patients and limitations you should set limits and be ready to any eventualities it is either positive and negative, and lastly follow your instinct. |
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For now, I don't see any big impact, unfortunately, only ZEC was PUMPed but I don't think this is an influence of the Consensus because 2 coins were added to Gemini ZEC, BCH, ETC and only Zec was pumped.
All though the impact is not really feel as of now but consensus will gradually increase the popularity because it will become a topic in which will talk about specially in social media and will boost the trust and confidence of the investors. |
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Bitcoin is taking a huge plunge!
Are you guys selling to be safe, or still hodl in the hope it will go up again?
The market in recent days is very volatile, the price of bitcoin is constantly reducing the price of altcoin and follow the market is covered by a red. I g you do not trade at this point will be difficult and the risk will be very high, you will lose heavily if the trade fails. And why would you be selling when the price is plunging? You should've sold when it went up 1k just recently. People are always fond of selling when the market is in red when we should actually be doing the exact opposite. You'll just drag it further down lol Yeah it is not a wise idea to sell while the price is plunging , or even just at break even price not below your buying price, or just hold, until such time considered favorable price. |
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We are still only halfway through the second quarter, so too much time between now and end of June to predict Q3. As we know, 1 week in crypto can change everything, from bear to bull, from winter to spring.
My thoughts right now is that I'm too confused by the market reaction. Q1 saw dips and dips, I thought this was going to get worse, but Q2 we saw BTC move towards 10k before today again just struggling even past 8500.
I bet more of the same for the next 6 weeks and Q3,,, but I never bet thinking to win.
My speculation BTC price will plateau in 9000 usd for several weeks in start of third quarter and it will continue climbing steadily until fourth quarter. |
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