A trader should be full of knowledge about the market's volatility and riskiness. In whatever way you are going to use bitcoin, especially in selling, you should be mindful that it's price might still go higher and that would give you a more profit compared on buying immediately when you see that the price is getting low. Just have a mind set that you son't need to panic that muhc.
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Bitcoin cannot replace banks, however at this time we may not be able to deposit our money that we gained from bitcoin at banks due to they are really against this things. But in the future, there might be a chance that bitcoin will be helped by banks because some banks might allow bitcoins after some time. But, bankruptcy is still possible that put banks in a risk positions as of now that's why not all people recommend banks.
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The usual way of earning money from bitcoin is to buy it in a low price, then sell it in a high price. Although the waiting for it to rise is quite long, but it'll be worth it once you've earn more profit. But you can also do trading while you are waiting for it's value to rise, but be mindful in trading because if bitcoin is risky, then trading is much riskier since you might lose money from that, compared on waiting only because the price will just be the thing that matters for you.
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In developing countries, bitcoin has a lot of opportunities to give to the people of a certain country but there is still the fear of the government about the abuse of using bitcoin in their daily lives. Not to mention the ability to buy drugs through bitcoin or just buying expensive things without moderation is the thing that the government is afraid of. However, you can have your own business if you have a bitcoin in a developing country, as well as you can invest that in a large company too.
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I don't think so, because bitcoin has been known for being volatile in such a way that people are gaining profit from it's volatility and bitcoin being stable is just nothing like buying a token from an arcade with a fixed price because the price of that token is fixed. You'll not gain profit if the price of bitcoin is stable as well as you'll be having a hard time in buying bitcoin because it's price might be stable in a high place.
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It is somehow unimportant for us to still use banks in this era since some other banks does not allow us to have an account on them when our money comes from crypto. If we have our virtual wallet, that is enough because depositing your money in banks are still risky because there is still a slight chance of the bank getting bankrupt. Though we can't say that we are secured with crypto most of the time, but having banks that are not allowing us to deposit money from crypto made me feel that it is unnecessary anymore.
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No, because the risk of trading is too much and when I use all of my money for it and I will lose in my trading, then I have nothing left from my money. It's better if you'll do it by batches. maybe trade around 150$ every time you trade so you won't lose that much of money when you are trading. You'll never know when you'll lose money from trading so it's better to be safe now than to be sorry ;later after a loss.
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We trade for money, more than the satisfaction that we get when we are able to improve the lives our family, money is the main reason why we are trading. After you get money, after the success from trading, that's when we get the satisfaction from the thing we've done. It's not because how we will feel after we trade, it is about the needs that we have to get for our daily lives because without those, we won't get the satisfaction in life.
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You can invest all your money, however it's still recommended that you'll save some money in your savings account because what if the price of bitcoin is still very low and you need money immediately? You'll get your money in a low price compared on how much you've invested for you to get that amount of crypto. Invest only some of your money so you still have some money left if ever you need it in case of emergencies.
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Of course,, since their purpose is to bring profit to it's user and it's been doing it's job since it was made. Keep on trading because the more you trade, the more chances of gaining a lot of money. Though there is still some risk that you might lose money when you are trading, all of these are still profitable at the present time. Just keep on trading.
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It might be good for us to buy something that has a stable value because you'll know already how much you'll gain if you will sell it. However the disadvantage of this is that tangible things like gold and silver might be stolen from you, compared on the somehow security of bitcoin on having a certain account for it and not being tangible makes it rob-free. And bitcoin also has an unstable value that can give you a chance to gain more money when it reached it's highest peak of price.
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Working in a full time job gives more of an assurance in terms of the salary that you may gain but you need to focus more of your strength and efforts in order for you to have something to happen with your job and also finding a job nowadays is quite difficult as well. However when you are going to focus on Crypto, you must keep in mind that patience is a very important thing in order for us to gain a certain amount that we want to gain, but bitcoin is a bit risky however you'll gain more money and you don't have to exert so mush effort in bitcoin.
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Investing bitcoin by buying and selling it is one of the best ways to invest and get something back from bitcoin. Yes we might spend a lot of money in buying bitcoin but it will be all worth it once we are able to sell it in our desired price which is higher on how much we bought it. Many became successful with that thing so why not try that for yourselves?
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Bitcoin can have an increase on it's price after a period of time, as well as it can get a low price for us to be able to buy some of it and sell it in a higher price. Bitcoin can give you a lot of income in just one time selling of your token, and with it's opportunity in getting a high market value, bitcoin can make you an instant rich person when you are able to sell bitcoin in a high price. And what's great about bitcoin is that it has no tax so how much you earn is the amount that you'll be able to claim as your own.
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If that's the case, then it's up to you if you'll try to study more about trading so it will work well for you and you'll be more strategic or you'll just invest by buying bitcoin in a low price and sell it in a higher price. Both options are great, however, the buying and selling requires a lot of patience since you'll be waiting for the price to go low or high and if you have enough patience to wait for that, a lot of opportunity will follow because everything in bitcoin requires patience.
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We can do bitcoin while we are having a job, although we cannot have a major thing with bitcoin or we cannot focus on bitcoin so much because you have another job. What we can do is to just use bitcoin as another source of money for our everyday living since it's not always guaranteed that bitcoin can provide you money because of some scams that are present. But having a full time job while doing bitcoin will give you a lot of opportunity in gaining a lot of income and might make you even rich.
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Keep an eye on the price of bitcoin, if you can see that the price is low then wait until it drops at it's maximum dropping point then buy bitcoin in that price. Buying bitcoin in that price will give you a lot of opportunity in gaining more money because the price of the bitcoin that you bought also has a chance of gaining more value compared on how much you bought it. Once you've already bought bitcoin, hold it and keep it until it's value increases.
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No matter how much you lose from trading, always keep in mind that losing money is always a part of trading. You might gain a lot of money but it's not always guaranteed that you will always gain money from every trading that you made. Most probably, trading may also give a loss of money and if you'll lose money, just keep on trading or hold the amount that you have because there might be a chance that what you have will have a greater value on what you actually have.
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Admit it, most of us are afraid of the chance that bitcoin might get ban in our countries and we can earn in bitcoin even without spending a certain amount of money. Maybe because we all know now how to gain bitcoin without investing money, makes most people think that things are easier here. In trading, you need to have a good strategy in what you are doing and investing money is somehow included also in trading. But since there's a much easier way, other people would just invest their time and effort instead of money.
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Something like that would probably happen, but with the pacing that btc has now, that would be a bit impossible because the price is now getting higher. A good investor in btc will not let bitcoin have that severe drop. but anything is possible with crypto and we can't state whether we will be having a good profit from everything that we will do since our profit depends on the market price of bitcoin. Just hope for the best for bitcoin because there are a lot of possibility with it and it might get lost.
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