The worst trading experience for me is the day I refused a friend by giving me 0.05 bitcoin an exchange 20$ I still considered it trading as it can also be called bargaining. When I heard about it I just laughed at him without knowingly making myself a fool. It is 200$ plus at this time that's a huge setback to me.
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I'll be honest Litecoin is still my number one altcoin and no one can replace it there. It still stands even after many years now, there is a big increase this coming year 2018 on Litecoin. So that's it I'm not promoting it, I'm just telling my story. It will always be my second option next to bitcoin. But I will give chance to other new coins if I see promising/good one.
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I don't agree much out of this idea for maybe because I won't be giving my bitcoin that easy. Cashing it out might be more practical and maybe a must. For bitcoin price changes in second how would we pay in fix if the value is increasing or the other way around do we pay much bigger when the value of bitcoin decreases. That's one of the problem.
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Government is an institution of corrupt officials who doesn't want bitcoin be legalize for they can't benefit from it. But if those changed in many years it might be uncomfortable to us. They will regulate and control us and it has a price as what I know. Taxes be implemented and even our identity be in public and that is never be good.
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Trading with emotions is not good and may turn into an stressful event. Don't make those two be in own place at the same time, there is big possibility for disaster and losing is high percentage when it is present. Just take a moment to relax, rest and even breath away when those emotional symptoms appeared.
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I don't do holding for a year or so. If I were buy now after the bitcoin price increases then I sell it instantly. It is a risk when your holding so long so I do it this way. But that just my own strategy, some are good on holding for long time that requires patience that I don't have.
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the question is in the title. Is it possible?
Most traders is doing that practice and I think that question be called by some a "newbie question" is not good at all because we do come from that stage of our forum life. You can even answer it yes or no. It won't be that hard than making fun to the one asking.
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Why it is that Bitcoin is not accepted in our country (Nigeria)?
That's not feel so right at all, even I don't know what the story behind this. For any reason it doesn't change the fact that bitcoin is beneficial to a country and to its people. So it's not fair for a government taking those freedom or any kind of isolation for crypto currency.
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It really depends when is the date we're talking about. For some holding a longer is more profitable when you hold 2 years ago. But if you hold now the risk is high as prices is high too. If day by day trading is more profitable when your good at it and it is less risky than the other one.
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It's a bad way to trade when you put emotions into it. You will make bad decisions and might even loss you in the long run. First you must decide if you are ready for the investment or not. Second think about it at many times. Lastly take time to break when your in bad mood or bad day.
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A friend of mine used IpVanish premium for he love to explore the dark web and he got it from a bitcoiners also. Don't have the name. But look around in the forum, I've never used one because I don't really need too. But I know he brought it thru bitcoin transactions.
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As of this past days I'm ranking my twitter and Facebook followers for there are bounty campaigns and social media that are surfacing at this moment. It is widely popular way of marketing strategy by ICO and it is a big help. So I'm going to work with it sooner or later.
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Public transportation is suitable also for that purpose for we use cards to access it like trains and etc. If that happens it will be easy and no hassle to withdraw money because i don't love to have much cash in my pockets. And I think there's a big possibility that it will happen as next year 2018 for bitcoin is now so popular in our county.
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Its a temptation for me to sell that 0.5 btc if I do have a 1 bitcoin. And I will hold 0.3 for the price still in increasing sprees. And the remaining bitcoin I will exchange it with promising altcoins that may profit in the future. I can handle that as of now but in real scenario at the day I got one, I don't if I can even think because of shocked and happiness.
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50/50 is enough but it can changed if your salary rate and everyday needs is high. In every investment there is sacrifices and i think your ready to do it. You can saved some money while online, for it will also take less of your nights habit, so it will save just like that.
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I will surely study both trading and mining as I want to have experiences on that field. If mining is not that profitable I'm not sure or just miners only give that signal for other not to do the same, I'm planning to try it soon. Trading that will need greater brains so I need more time just by learning some strategies and techniques.
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Being a positive thinker as that, that is too much. It's good to hear someone opinion that high on trusting bitcoin value but that is totally wrong when it will not touch on reality. 2020 is 3 years from now so it will only be just 300000$ below. That is what I believe in.
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Do you think that BTC can price $10,000 in 2018?
I will be glad to answer this question with a straight forward answer. Yes, and not that all it can also be more than that. That price 10000$ we can obtain that mid year same month of august so in that prediction there is room for more increases on the remaining months.
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That's an eye-opener, hope anyone who read your story have learned the lesson for not making that move in the future and don't wait to be the one posting it. If I have been the one on that terrible situation I will be hesitant to live my country again for the same purpose. We can't do about the funds and the enforcement to be on your side just dont do it again and be careful next time.
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Any reason why you decided to put all of your money in altcoins? If I was in your place, I would use at least 50% of that amount to purchase Bitcoins, and another 10% for Bitcoin Cash. Putting 100% in altcoin is ultra-risky.
This strategy sounds more safe than others, my vote goes with it. As altcoin although few of them not gaining much popularity than bitcoin I would say just think about your decision 10 times before doing it.
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