I take poloniex.com of my trust list, they have alot of problems now. And i suggest everyone take out their crypto from there.
They have technical issues, but why would you distrust them? I think poloniex is a trusted site. They've been in the bitcoin world since the inception of bitcoin. So it's practically safe. I will not withdraw my capital from there. Unless there is a big problem |
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Well, if Bitcoin became a legal currency that would be great! If all countries accepted it and engaged it to legalized it's a big advantage. Bitcoin absolutely help people. For my standpoint, bitcoin is the future. It must be legalized for helping many people. Bitcoin is not only a currency but an asset.
Yeah legalization will definitely give a very good effect for bitcoin. Including prices that will explode as bitcoin demand will surely skyrocket as many people will start using bitcoin. Because bitcoin is safe |
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For me investing is good than to save. Because investing is to gain or earned more money than savings just like bitcoin if we invest money in the bitcoin our money came up double or triple than savings.
I agree with you that investing will double your money. But if you're already working and earning money you should not use all your money to invest. You must have a plan to save |
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In this case if you are accustomed to making profit online, bitcoin is better than any currency in the world.
Show me, where is this profit in front of other coins. I agree with you bitcoin is the most profitable digital currency. But cash is different from bitcoin, it might be the same if you compare it to digital vs cash. Which is the best ? |
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I dont know how many, but all activities wich allow you to earn money with fiat, nowadays there are already projects working with bitcoins, soo you can choose the best for you, if you have plenty time, invest into knowledge might be an option. I do signatures, and sometimes faucets, as well trading.
Yeah i think no matter how many methods to get bitcoin Because surely you will not be able to use it all better find a method that suits the skill and time |
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Cash is better than bitcoin because government regulation. If government accepts bitcoin as a means of payment, then bitcoin must be better than cash.
Lol its true dude, if the government is willing to accept and legalize bitcoin. I'm sure bitcoin will be better and more widely used than cash at this time |
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People that are buying right now are probably panic buying in my opinion. I don't see a problem with selling right now with the prices so high.
You will just left behind the trend if you sell now. People are not on panic buying state. They just want to add more BTC because it is now widely adapting by some major country that will result on it's price fluctuation. Now in a short we can expect panic selling from the user base. Even a small fluctuation will make the user to panic of missing the right time to sell. But in reality every time this won't happen, because after a minor fluctuation the same price increase takes place. So most of the small scale users will be the sufferers?. Nope I think the selling panic will happen when there is a huge price change. As the price drops very sharply or rises very high. If price changes are very small. I doubt users will panic |
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The easiest one to doubling your money using bitcoin is gambling, but yeah it's really risky and i'm not recommend it. But you can choose the safety way though, like investing on the bitcoin itself by buy the bitcoin when the price of bitcoin decrease and sell it when the price of bitcoin increase.
Yeahh gambling is too risky for you. Look for duplicate methods that have a low risk. Such as holding bitcoin. But you should know that. The lower the risk, the longer the time you need to double |
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I think it is more profitable if you will invest on bitcoin this time. I know that bitcoin has a lot of space to grow its price. maybe wait for another year and it can double or maybe triple your investment. lets just support bitcoin by buying constantly.
the growth of bitcoin price on the rise. and it will continue to grow. I am so sure price bitcoin will go higher. at least this year can reach $2000. the current price still can is said to have not too high, we'll look at a very high price in the future I think it's not a problem investing your bitcoin. While bitcoin prices have not touched $ 2000 I think it's not a matter of investing it. Because while waiting for the $ 2000 price to come |
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for current situation we should select gold for next 10 year, because we dont know when government will BAN cryptocurrencies or Bitcoin and gold is not going to ban for use so i would prefer gold for now will think after 10 year about bitcoin  Picking gold is not a bad choice actually because its a good investment especially for long term you just have to wait for the right time because the value of it is increasing just like bitcoin, however for now i will choose btc because i can see that the price is really good and this is rare chance to invest. Yeah I think gold is a very profitable investment in the future. Let alone gold has a backup limit. When the gold reserves are exhausted then the gold price will surely explode |
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you can chose bittrex or coinbase
Lol i think bittrex is included in the exchange. And many people say that storing bitcoin in exchange is something that is at risk. So think again when you want to save in exchange but if you want to save altcoin more better you save in The default wallet of each altcoin |
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Are you tried it first? I think one of the good example on how do you double your money is thru trading. You need to choose if you want a long term or short term investment. But i were choose i will go for short term because i just want to be wise. I cant predict the naturen if the coin ,if it gonna run or not.
Yeah you can double your money using trading. If I have trade skills you can double your money in no time. I think trading includes short-term investments |
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You should learn how to play the game. You should not just based on the current dump price, what is happening currently is that btc price migbt go down back to less than $1000 but what is for sure is it is going higher and higher again because of its demand and basically i am enjoying it
Yeah you gotta know how to play it. Do not just because the price drops then you panic selling because not necessarily the price will continue to fall. It may be that the price will go up and if you panic it will only hurt you |
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I just store bitcoin in the exchanger. Because I think, bitcoin I have is still a little, so I use to trade. And there is a slight advantage from storing it there.
I think saving bitcoin in exchange will be a little risky because of the possibility of a scam from the exchange itself. I think it would be better if you keep it in the wallet even though it's a bit bitcoin |
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I think that's just speculation, because I see there are many people who prefer using bitcoin rather than using cash, because they think bitcoin is simpler than cash
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The one chance I see for an altcoin to succeed is the fees for bitcoin transactions keeps getting higher. This could discourage the use of bitcoins for small transactions.
When the bitcoin transaction fee gets bigger it might make bitcoin users a bit uncomfortable. Because of course it will be a little detrimental to them and maybe they will think to use altcoin |
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Yes, but for sure things will be different if we have a very crowded volume of users, like government will try to take charge of it because people are going into bitcoin.
Things are good in bitcoin now so I hope when it become global currency it will remain the same as what we have now.
It will happen if the bitcoin users already numbered very large. Probably covering most of the world's population. Perhaps it will also make governments consider adopting bitcoin |
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Panic selling is just for inexperience holder of the bitcoin because if you are have enough knowledge you will not do a panic selling.
I am one of those inexperience holders that started to panic when I'm seeing the price of bitcoin to fall but I learned from my mistake and started to focus with the charts. And right now, I strongly believe that the price of bitcoin is going to become higher and I don't need to panic right now, the market of btc is strong. Yes, to make good money using bitcoin you need to get a lot of patience, because emotions can only be lost. I don't think so, The patience will be usefull for the long-term investment or trade. If you try to short and it will be useless. In these days a lot of the panic selling was hurting the price of coin caused by the bullish of bitcoin. Correct panic selling is not good for the investor, doing short term investment in bitcoin is not good for an investor because Value of bitcoin is volatile its hard to predict when it will rising or dump. But panic selling is good for the bitcoin it self and there is also benefits for those users who keep their bitcoin for a long term. correct mate. panic selling will do you nothing. you may get profitbut it is still good to mmake more profit if you will hold bitcoin in a long term. and not sell it just because you think you have enough profit. do it with alts but not in bitcoin. bitcoin is intended for long term investment. so hold and triple or quadruple your profit. But sometimes panic selling also provides benefits. If you're lucky maybe your panic will benefit you. Because I had panicked and sold my bitcoin. After that the price goes down! Really it is profitable for me |
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I think it is best way is trading, with trading we can generate more than 100% profit only in a short time (not more a week). I agree that investing is good but we need patience because investment normally takes a long time (more than 1 year).
Trading is definitely the way to go to generate a large amount of profit in a short period of time. Trading takes a lot of skill however and you should be cautious as a beginner. You should invest the majority of your funds and trade with only a small percentage. When you get good, you can start trading with more of your money. it is always better off to be safe at first. Investing huge money can be really risky as it can go in opposite direction too and if you invest a lot of money in it then you will be making huge loss in short term which will become difficult for you to recover and if you put higher capital in trading then you can expect higher returns from it. I think the risk of each investment is different, but the amount of risk depends on your skills as well. If you do not have trading skills it would be better to invest. Because of course the risk of trading will be greater |
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When btc dump altcoins pump, thats the good thing will happen also. So its good to invest your other btc in altcoin, and never put all your money in just one basket.
But not always when the bitcoin price drops then the altcoin price will go up. It can not be guaranteed to always happen. Because it is highly possible that altcoin prices weaken as bitcoins also weaken |
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