Recently Bitcoin got very high fluctuations. It went up 19,000USD(nearly) and dip to 12,500USD. In this situation does BTC stable ?
What are reason for that kind fluctuations ? How long it will take reach 19,000 USD with this kind of market fluctuations ?
The stability of bitcoin depends on the demand for bitcoin. If Investors invest more and more the price of bitcoin will be higher and stronger. But it is also depends on the volatility of the market we do all know that crypto world is too volatile and our investment might be at loss or gain.
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What would you guys advise someone who is retired, living off pension and savings? Is it too late/risky to invest at that kind of age? Do you guys think the elderly have a chance of jumping on the crypto train, or do you guys think it's too late for them to invest?
No its not too late for elderly to invest in bitcoin for as long as you have the capital to invest and they understand what they are investing they surely can invest. I believe that there are still elderly who can cope up with the technology if they will effort to learn the crypto world they would succeed in investing.
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Does Social Media Influence bitcoin growth?
Yes there is an impact on the growth of Bitcoin the Social Media with the promotion happening in the social media lots of investors shows interest in investing in bitcoin and with that marketing strategy that volume and value of bitcoin is getting bigger and stronger.
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Hi there,
i'm quite unsure about where to save my btc and eth. personally as i travel a lot i will have difficulties using a hardware-wallet, so i was thinking of a kind of mobile version. is there anything you could recommend?
It depends what kind of coin you intend to invest and you wanted to keep because there are lots of wallet that is circulating around the crypto market all you need is to identify which one you really need it depends on the coins will you invest.
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i am kinda new to Cryptocurrency . i am going great in stocks. its really technical and fundamental kinda investments as i see Cryptocurrency its alot more easy to invest and forget should i shift to Cryptocurrency and start investing without tension and stress?
Crypto has a greater future compare to Stocks it is more volatile as well but with that volatility the rate of return of investment is far better compare to stocks.
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If i have overflowing Bitcoins I will donate of course to the needy because I do know the feeling on how to be needy and it is very hard and devastating. I hope I could earn lots of bitcoin so that I could donate to the needy.
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i am kinda new to Cryptocurrency . i am going great in stocks. its really technical and fundamental kinda investments as i see Cryptocurrency its alot more easy to invest and forget should i shift to Cryptocurrency and start investing without tension and stress?
Based on my own trading experience Crypto Currency has better or great future compare to stocks. I had been trading stocks for so many years but my earnings here in th Crypto currency is absolutely greater compare to my earnings in Stock Market is just that the Crypto is too volatile which is already normal and I am used to it all we need is to hold and patiently wait.
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After the recent news re. BTC China and regulators crackdown on cryptocurrency trading, we all know which direction bitcoin and alt coins are currently heading. I wish to buy Bitcoin and Altcoin when they hit the floor, but i am unsure of when the right time is to enter?
What I can say about this right timing well if you are aiming for a long term investment anytime is a the best time to buy bitcoin because as we can see the potential of the market and the value continue to rise though we cannot control the volatility of the market the price could go lower because of the people who panic selling. So if you will invest just hold on because in the end it will be a sweeter fruit.
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For me I would hold because I am into long term investing but if i had reach my percentage goal i would sell some for me to be able to use the profit i had earned from investing.
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If you think you earned already a profit and it reach your target profitability you can sell your bitcoin now. But if you haven’t reached your target goal then just hold it. Bitcoin is rapidly increasing now and for sure if you will patiently wait you will earn a good profit.
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Well i did try because i wanted them to be in the same boat with me but unfortunately they did not listen to me the ending now they regret not listening to me because the value of bitcoin now is so high and they could have earned nice profit now of they had invested.
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Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...
What's your take on this, should I go ahead and quit?
Thanks
It would be advisable to quit your job if and only if your bitcoin profit can already compensate your lifetime expenses that you dont have to worry about. The only question is what will you do if you will not work anymore is your body used to it that your not doing anything. It would be a very big adjustment but if you really feel like quiting then go ahead and enjoy your bitcoin profit.
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For me, it isn't. We have different talent and knowledge on how we give and do stuff that we love. Bitcoins are for everyone and we have the chance to try or even have this to earn and save money for our future.
How about you guys? Is it only for the educated and knowledgeable people only?
That is not true bitcoins is not only for educated and knowledgeable people only. For as long you are willing to take risk as well as willing to learn how to trade and your goal is to earn profit education is not the qualification all we need is the proper analysis and capabilities of the person to be able to invest in bitcoin and add up to that is the common sense.
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Well what I can say is that if you think you had earn good enough you can sell your bitcoin partially for you to be able to enjoy the profit that your investment earned. Hold the remaining because of the high rate possibility that will happen in the next coming months.
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Well that would depend on the person if the bitcoin value goes up and you had bought it at a lower price that is a good thing but if the price goes down and you had bought it at a high price that is not a good idea. But if you feel you will earn a good profit go ahead with the investment and make sure you can pay the credit card you use in purchasing bitcoin.
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What would you do when you're talking to someone but then he suddenly talks about his hatred on Bitcoin, what would you react to it?
I've never actually experienced anything like this before, I just want to be prepared when it happened to me.
Well i will not do anything if they hate bitcoin because it is hard to argue with them if they are closed minded better talk to the people who has interest in bitcoin and it would be a better discussion.
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I think bitcoin would not end the World Poverty is simply because people around the world should help themselves on how they will in each and everyday by means of working and if they will work they can help themselves to sustain their daily needs. If they had enough income they can move to the next level and start saving and with saving they could invest in bitcoin and other crypto currency but of course they need to learn the concept first before investing. I believe to end up poverty should start within ourselves.
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There are many people who lost their money on trading, because trading is unpredictable job, in my opinion i need: Method ( i must have system trading) Money ( i must have management of money and risk) Mind ( i must can control my emotion) Tell me your opinions?
Yes indeed Trading is really unpredictable but i do not consider this as a job I am merely doing this for a sideline. In trading it is hard to control our emotions specially when we are at loss it bring stress to us. To avoid it we must analyze first the coin and the market and we must keep an eye on every trading we are doing.
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When do you decide to sell?
Is it a sat, a % of profit, or even a randomly thought up number in your head?
I am new to trading Crypto, but when I traded other stocks, I would aim for a certain percentage. This seems much easier to hit that percentage, but much more risky.
How do you determine when to let it go?
If you think that you had earned enough and the percentage goal you set on your mind reached your goal most probably that is the best time to sell. But if you had invested in Bitcoin I think you should still hold it for a while because the value of Bitcoin continue to rise and everybody is getting surprised with the current value it achieved and I think it would still go up in the next coming days, months nor years. At the end of the day it would still be your decision if your going to sell or not.
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Ive been wrong that i withdraw all my earnings on trading .. i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts.. hmm .. too bad for me now bitcoins is still aiming high ..
I agree with you patience and holding is the key to earn good profit and of course the right timing on when to sell the holdings. I had already experienced selling my bitcoin and i really regret selling it well that is part of the experience and now i had developed how to have long patience and holding my coin possession. The longer we hold our investments the bigger the profit we will generate.
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