I like long-term invest rather than short-term invest. That is because I do not know how to do short-term investment. I like long-term invest because it does not take a lot of effort and we do not have to monitor the price of crypto all the time. We only have to focus for the capital we can give to make our profit as much as possible. Maybe short-term is good but it is risky. Long-term invest is risky too but I think it will worth the risk because the profit we can get is big too. We just have to be patience and have backup plan for that. And we have to have some savings and keep our jobs so we can live.

Actually I do not use multiple exchange for trading. I only use one exchange to buy and sell Bitcoin. In my country, Bitcoin become so famous and a lot of people start to having some income from Bitcoin. It is very good that people can take advantage from Bitcoin and take big profit from it. After that some people start to become exchanger in my country. So in my country, there are some exchanger who sell and buy currency and take some profit from it. But not all exchanger is good and trusted. I only use and search exchanger with best price and the trusted one.

First of all, you need to get some money for the capital of trading. You can get some capital money from your job, side job, savings, online job, campaign in this forum, and bounty in this forum. Do not take money from faucet sites because they are useless and will give you penny. After you get some capital, you can start to learn by searching via Google for the question you want to ask. Please give some specific question for that. The only easiest way to trade is by buying some crypto that you like and save it for some time until the price goes up. And when you get profit, you can sell.

The thing I like about new Altcoins and new crypto is that the price of those coin is still low and we can buy as much as we can. When the new Altcoins show up in the market, usually some people will buy some of them, not just one, but some. And then when the price go up, they can get profit from those new Altcoins. But not all new Altcoins will give us profit. Some of them may disappear and the price may bump. But usually the price of Altcoins, especially new Altcoins will follow the development and the increasing price of Bitcoin. That is pretty good for short-term investment.

Actually Cloud Mining can became scam as you say, but I do not know how. I only can make some thought and opinions about that. Maybe the owner of the cloud mining site will stole some profit that we get. Maybe the owner of the cloud mining site will make some stole our money from our wallet if what you said above are true. The only safest way to mine is by using hardware even though we have to choose the right mining pool and the right system. I do not really like cloud mining because the price of Bitcoin is always go up and make more difficult to us. So I just invest.

The thing I like about market is that when some new Altcoins are show up. Those Altcoins usually have a little price that we can buy easily. And when we buy some of those new Altcoins, we will surely get profit sooner or later. But we still do not know what Altcoin will give us big profit and which Altcoin will give us nothing and lose us. But we do not have to worry because we are not putting all of our money into one busket, we put our money into some busket and we can get profit from that. The chance of winning and the chance of getting profit is not pretty sure and we have to patience.

Maybe that is right. I am thinking the same way too. At that time I am not quite sure about what is Bitcoin and what is the purpose when I first knew Bitcoin. But I do not worry anymore and do not care anymore because all I think about is the profit I can get from Bitcoin. I am always wondering and questioning about the Bitcoin system. Who create Bitcoin, how create the Bitcoin and what is the purpose of the maker. I begin questioning a lot of questions like that when I first knew Bitcoin. But now I think I do not care anymore at least until I get rich.

I guess it can happen because the fee of Bitcoin is getting higher and the transactions of Bitcoin is getting more and more crowd. Maybe in the future there will be a technology that can save Bitcoin. But Bitcoin is still growing in term of price and that is very good. It is mean that we still can take profit from Bitcoin. Crypto like Bitcoin and some other Altcoins may go bigger and higher and the fee will get higher too but that just how it is. But there are actually crypto that is unique and the price does not change much. That is Dogecoin who I think will be very good if we use it as transaction tool.

I think Bitcoin can reach more than that because I am hoping that Bitcoin will reach 100k dollar and more so that my profit will double into ten fold. I guess my hope is a little bit to high and hard. But there are actually some people who also believe that and I am one of them. Even though it will take a long time but I will not worry and keep collecting. Eventhough Bitcoin cannot reach that amount of money in time that I need, I still want to invest in Bitcoin and keep my faith in Bitcoin. Even though Bitcoin can realize my dream, but I guess I still can take some profit from it.

I guess there are a lot of reason to answer that question. I think I will try to answer it by giving my opinion and some other people opinions. Some people believe that Bitcoin will be the currency of the future. Some people believe that Bitcoin is a good investment and the price of Bitcoin will go so high in the future. Some people believe that Bitcoin will bring happiness and prosperous in their life because this is very good opportunity to invest. Even though there is a dark side of people who reject and hate Bitcoin. I myself want Bitcoin because I just want to collect and get profit as much as possible. I do not know anything about Bitcoin. All I know is that the price of Bitcoin will always go up and I will get profit from that.

Yes, that is absolutely right. This situation is the right time to buy and collect Bitcoin. When the price Bitcoin is decreasing, usually the price will go up sooner or later, and when that happen, we will get a lot of profit if we invest when the price was down. I myself always hoping that I can collect Bitcoin as much as possible. That is because I want to collect Bitcoin as much as possible when the price is still down. I do not want to repeat my mistake in the past. When I first I know Bitcoin, the price was still $400. But I do not want to invest because I am afraid that the price of Bitcoin will go down and Bitcoin will disappear. But now I am not afraid anymore.

Maybe they already get profit so they decided to sell Bitcoin. Maybe they are doing some short-term trading or you can called it also as short-term investment. Maybe they are investing in some new Altcoins that the price will increase in short-time. Usually people will predict some Altcoins that are new in the market and they will buy them. Usually people like that will separate and invest in some Altcoins not just one Altcoin. Some of that Altcoin will give profit in short-term, but some of that Altcoin may go down as the price bump and you may get lose. Selling Bitcoin is just for those who do short-term investment, I guess. Or they already do long-term investment, and now is the time to sell.

That is definitely a very strong word and we always have to keep in mind. Never sell if you do not get the profit yet, and never sell when the price is currently down. If you are a short-term trader or daytrader, then I do not know anything about that. But if you are a long-term trader or long-term investor, then I am sure you already know and understand what I am saying. For those people who already know Bitcoin for about 5 years, will definitely not worry about this current price change and up and down. Because usually people like already know the grow of the price and the developing of Bitcoin for a long time. I guess I can give some advice to you who are still newbie and new to this whole thing.

As far as I know until now, the price of Altcoin or crypto other than Bitcoin is always influenced by the price of Bitcoin. If the price of Bitcoin falls, then the price of another crypto or Altcoin will decrease as well. If the Bitcoin price rises, then Altcoin or other crypto price will increase as well. There is also a phenomenon where when the price of Bitcoin increases dramatically, a strange crypto of its price starts to soar and makes everyone confused and shocked. Bitcoin is the originator of crypto world. So basically the price of Bitcoin is very decisive and has an important role in the development of other crypto prices. I think Bitcoin will survive, but if not, there will be a replacement and definitely better.

Actually, until now I do not know what factors that make Bitcoin price go down and what factors that make Bitcoin price go up. All I can say is that the up and down of the price of Bitcoin is pretty normal and happen all the time. There is no year without this price changing. In the previous year, I think most of us are already know that the price of Bitcoin was going down until less then 50%, but soon after that the price of Bitcoin going up so fast until it double in just two weeks, if I am not mistaken. This sudden price changing is already happen and maybe will happen again in the future. But do not worry, for those people who do know Bitcoin for years will not worry and keep investing.

With the current price decreasing of Bitcoin, I think this is the great time and the right time to buy and collect Bitcoin. Do not wait any longer for the price to drop some more, because we do not know what will happen in the future. The price of Bitcoin may go down a little further but the price of Bitcoin also can be back up if we do not care. The best way to face this phenomenon is by collecting and buying Bitcoin as much as possible and as soon as possible. If you buy now, you can wait until you get profit. But if you buy tomorrow in the future, I do not know what will happen. Just save and do not sell until you get profit. Do not sell when the price is still down.

Actually, that is a very small amount and little amount of money capital. But if you want to learn trading then I guess you can do it. I think all professional traders are starting with small amount of capital. But there are also people who want to start learning trading with a big amount of capital because they want to do some long-term trading. I'm actually not too fond of short-term trading, I prefer to keep and collect money in this case Bitcoin, to do long-term investments. For me, better to use a lot of capital and collect a lot of capital to get a lot of profit than small capital and can only get small profit. I hope you understand what I mean and I wish you luck, God bless you.

Name: mx667
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Thank you so much for reminding me, but I think I will keep my faith and keep investing in Bitcoin. A lot of people become afraid and panic because of the dropping price of Bitcoin, and I understand, I totally get it about that. That is because sometimes I feel afraid and panic too about some people who talking about Bitcoin and make some rumors. But actually, I have been known Bitcoin for almost 5 years. And I understand every decreasing price that happen with Bitcoin. Every year, there are always price decreasing and price increasing. But for some unusuall price change is usually make me a little confuse and little scare. Even though I keep collecting and keep investing no matter what.

Actually, I never buy Bitcoin. But all I do to get Bitcoin is by collecting it. I have a side-job to earn and collect Bitcoin for my future investment. If you want to buy, I think I can give you some advice from my experience. This decreasing price is the right time to buy Bitcoin. Why ? That is because this decreasing price is so huge and if you buy right now, you will get a lot of profit when the price of Bitcoin is already become normal and go up again. You must believe that the price of Bitcoin will become normal again. And I think for those people who already know Bitcoin for some quite years, they will understand what I am saying. Do not wait a little more longer, because you do not know what will happen in the future.