Almost all the traders does the same thing. Buy low and sell at the high price to enable you make profit from your investment. Although It is the selling moment that is usually the problem because when there is a panic in the market many will out of panic sell at lost.
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The expectations of Bitcoin value is no longer $3500 any longer but we are talking about $5000 if not $7000 before end of the year 2017. Bitcoin rise in its market value is so monumental to the extent that I could not believe my self because all my project are coming to fulfillment.
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Well, to me I don't completely agree with you to some extent that people invest in bitcoin because they have no permanent job doing. So many people that I know who have a full time job here is this forum for an additional source of income. Employed or unemployed all center around how to make money or bitcoin and take care of your financial obligations.
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Why should I spend precious bitcoin or ethereum or LTC on items you mention above Op. For i rather spend My fait currency or money in my bank account than to spend it on all the items you mention.
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As for me I don't have an idea of any site that accept bitcoin for a products like clothes and accessories. And I can't imagine my self spending my precious bitcoin in clothing and accessories when there is fait currency in my bank account without interest.
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All depends on your capital because both bitcoin and altcoin are good for investment. Although investing in bitcoin for a long time period will yield good return on investment as compared to shot term period. And if you prefer a shot time period investment then invest in altcoin, but I will recommend you to invest your money in both of them (Bitcoin and Altcoin) only if you have enough capital.
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I am not in support of death penalty reason been that we all have committed one sin or the other which means we are not qualify to judge or sentence another person to death for judgement belong to God and God alone not human.
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Bitcoin is not just the best investment in 2017 but is the best investment since its inception and will remains the best in terms of high return on investment of all the time. Those who invest in bitcoin in 2016 are all counting their profit and who ever invest his/her capital this year will all count their profit by next year if not before of the year.
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The expectations of Bitcoin value to increase up to $100,000 for a shot period of time to me is out of greed for some people who are expecting the value of the little amount of Bitcoin in there wallet account to triple over night. Bitcoin at $100,000 is a long journey where no one can predict when such a miracle will happen.
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Yes there is doubt about that, bitcoin is really a blessing to people who invest in bitcoin when the market value was less than $500 or $1000 thereabouts and some of us who happen to invest in bitcoin a little late when its value increase to $2600. Although we are still among the counting profit because its value has increase to $3400. Bitcoin is really a blessing.
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Bitcoin volatility could be attributed to small numbers of Bitcoin holder as compared to other fait currency or gold which has a very larg number of holders and at the same time has been in existence for decades. But that should not be your reason for you not to invest in bitcoin or crypto currency in general.
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Well it will take a long time period before we can see such a miracle. I call it miracle because it will not be easy for any other crypto currency to over take or replace bitcoin. This is because bitcoin brought about crypto currency and it will be difficult for it to be replace by other crypto currency because despite the recent split bitcoin value remains stronger than never before.
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Some have started selling already but I don't have plan to sell a single Satoshi from my coins because I have three years plan before i will start think of what to do with my coins. This is because bitcoin or investment in crypto currency is not my major source of income. And i think there are people like me here in this forum.
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Well some people sell not just because they are afraid of lost in the value of Bitcoin but because bitcoin is their major source of income so they have to sell and take care of their financial obligations. Although people like myself will never sell pending when the market value of Bitcoin increases to maybe $10000.
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Well is just that your post has been a while and maybe the market value of Bitcoin was recovering at the you open the treat. Bitcoin price has finally break the support at $3000 heading to $3500 if not $4000 because it has form a strong support around $3200. Good news for bitcoin holders.
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You just keep learning about bitcoin and crypto currency including other things you need to know. Your level will keep on increasing provided you are posting every day and you didn't skip any day before maybe 20 days.
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Well, a lot of things need to be put into consideration before you make such a decision. Do your bitcoin investment take a lot of your time? How do you compare your earning from bitcoin to that of your full time job and time you spent on your full time job? What are your financial obligations that you need to take care off? Just try as much as possible to answer all this fundamental question before you arrives at a conclusion one whether to quite your full time job for Bitcoin investment or not.
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Money is extremely important nowadays. Money can solve most of your problems. Suppose if your children are suffering from some disease, then you can give them the best treatment if you have money with you.
One cannot deny the fact that money is important but is should not be treated as the ultimate in life. There are disease that cannot be treat no matter the amount of money or bitcoin you have. Although I don't blame some people who perceive money as the ultimate in life for that has to do with their individuals perception.
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Happiness is all about perception and not money. Money cannot bring happiness to some people because of they perceived money and to some other people money gives them the whole happiness on earth. There is particular tribe in my country that love money more than anything else. In fact, there is a popular saying that if any of those tribe should die and you bring money close to the dead body he /she will wake up. So if your cousin preferred traveling to another country in seach of greener pasture if the best, so because it.
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All depends on the kind of investor you are, if you are a short time period investor you then need to wait patiently for the price to get to a strong support before you buy, then sell when the value appreciate to your take profit level. And if you are a long term investor buy as explained above and hold for a long period of time till when its value increase before you sell.
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