I think some people will abandon btc because they've been used to see bitcoin price always moving upward but this is also the same for usd. Dollars is always in the same price yet traders can still profit from it due to the big ecosystem of currency. And for merchants this is actually a possibility instead of a liability because they want a much more stable cryto payment method.
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Some of the person i know is john mcafee and the rest of thrm are mostly chinese men owner of big crypto exchange or mining firms. Indeed someday bitcoin will be realize as a global currency for payment in commerce and ecommerce and with growing and booming blockchain business taking place its only a matter of time until the world economy change to crypto.
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I'll always recommend crypto trading than mining because mining is less profitable due to its increase difficulty in computing algorithm. Always take precautions when investing and do take some calculated risk before doing it because no matter how safe it is every investment is always risky especially if you dont have a clue in what your doing.
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A currency rises in price value if it has growing investors, new projects and increasing market revenue because of mass adaption like commerce and e-commerce overall the price will surge if it has good marketing team, good devs, real ceo with physical investments in other words good fundementals.
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It's really not that hard when you know trading and how to do some technical analysis to speculate when will the price go uptrend or downtrend using indicators or candle stick patterns. There are lots of benefits in learning technical analysis cause you know when to buy and when to exit.
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The one person who can help him is himself all you can do is guide him for example teach him how crypto currency works and the many methods to earn it. The rest is up to him whether his interested or not cause ive encountered people like that before teaching them i ask them if they're really interested and serious cause i might just be wasting my time explaining.
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Nope actually you can access bitcoin pretty easy as long as you have internet, mobile gadget or personal computer or any other gadget that can use the internet. And with blockchain technology getting mass adapted im sure we will find a way to use digital currencies physically and maybe in the near future crypto's will be mainstream currencies.
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Doing both is beneficial and profitable for example if you dont have any income yet in trading due to the bearish trend of crypto market you can turn into your another source of income and that is bounty just manage your time to do both. But if you're really good in trading just focus on it because it's more profitable especially if your making 1% daily.
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Sometimes news are irrelevant to the price because it's being manipulated by a group of cartels called whales even if a token or coin had good fundementals if the whales to bring it down then it's all for naught so better buy more in the dips and sell when BTC price rises.
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One of the easiest method now a days is to establish your own crypto currency the world wide web has tons of free open source code and even tutorials on how to actually make a shitcoin that does nothing except for grabbing peoples money and that's how why some ICOs turn into scam.
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I thought this is an updated news i was goin to celebrate cause this is a good news and will surely be a new fuel for a bullish run but this post was posted in august. I think there was a surge in august but didn't even go further and reach 8000. After that we've been in this stagnant situation and whales manipulating the price.
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Same goes for me luckily ive read the comments and the signature seems to be lacking fundemental things like escrow plus the manager is only a newbie account how are we suppose to trust this campaign.
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Yes this is one of great advantage of day trading you can make immediate gains just by trading and even make it as a source of income when your profitting 1% daily but at the same time it is very risky especially when the market is in a bearish trend and your still a newbie in trading.
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I get my bitcoin and altcoin news and updates through bitcointalk where lots of crypto enthusiast, traders and investors gather. Sometimes i also read some articles in cointelegraph because they're easy accessible in social media and the way they write they're is pretty user and eye friendly to me. There always fast and accurate for me.
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In our present era it is necessary because the old banking system has not yet accepted it due to its innovative technology their having a hard time in accepting it because that would mean that they've admitted defeat and prove that digital currencies are better and our current commerce isn't prepared for online payment yet.
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Bitcoin now a days is very difficult to mine due to its difficulty of its computating algorithm but this is actually not all bad because of this it reduces the risk of inflation this one of altcoins greatest problem. In time they will also increase in difficulty like btc.
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Ive also bought some altcoins recently im planning to hold for a short term cause i see some potential in them also read its fundementals and its features. With its mass adoption and many investors continues to trust it, i think its high time to hold one or two of those innovative coins to make profit in the future.
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Everything has its risk even starting your own business has risk. The fear and possibility that it might not be successful or get bankrupt. For me choosing carefully and researching throughly what you plan to invest is one of a traits of a good investor and to avoid loss of money. Personally i prefer trading cause its legit and the only one you can rely on is your own knowledge.
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I think this depends on various countries if a country has banned or not yet adapted it then it can't help people in theor financial problems. The irony is even most countries block digital currencies their citizens is the one engaging in it. I think if digital currency gets more adoption it will have a real chance to become another source of income just like in our country.
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Most people invested in bitcoin but didn't conduct any research they think bitcoin as an easy way to make profit but the true purpose of bitcoin is to become a decentralized payment that would rival and challenge the current fiat system and possibly surpass it overtime with if's innovative technology. It will become the new form of payment.
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