Not now but soon when bitcoin is well known throughout out the world for now it's still in a developing stage and it's getting bombard by regulations and restrictions in social media platform and governments. But merchants and institutional investors are growing and one by one their started to accept it and invest in it.
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You can spend it on things that's really important like food, clothing and other needed necessities for your well being. Bitcoin and altcoins should not be spended carelessly cause you might get a good amount of profit because of it in the future and im sure your future self will thank you for that. That's why we invest our money so we can benefit of it in the future.
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No one can really predict what's gonna happen we can only make speculations about the price of bitcoin today or tomorrow but some really experience and pro traders can predict what will happen through long term indicators but not accurately because trading is like making educational guesses through fundemental and technical analysis.
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Bitcoin has a lot of potential and maybe potentially replace fiat currency and the current monetary system that is exploiting, oppressing it's citizens this should not how a currency works. A currency needs to be free from third party tracking, regulations and is convenient to use fast and secure. They can laugh now but soon they'll be using it as payment.
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If you bought bitcoin in the $5000 threshold then you probably will profit from it because the price charts right now are indicating that the price will surge. (moving average) But of course this is just my own speculation you can conduct your own technical analysis to make your own decision to whether to buy or sell.
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Bounty campaign's has no bug they only pay you to advertise their token or project and you just post until you reach the minimum requirement. Unless your well verse in coding and other programming language and expert in finding bugs in systems, software or in this case crypto currency they can maybe reward you or not.
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Yes it seems that the market has no independent price value and only depends on one crypto currency the origin of all digital currency and that is bitcoin. Whenever btc price crash or fluctuate's other crypto's also go in a downtrend even with technical and fundemental analysis you cant predict what's gonna happen. The only way to never lose in crypto is to look at bitcoin's price charts cause it's interconnected with all alts.
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I dont think donating bitcoin to churches will be a great help cause it seems like your money doesn't help anyone like the poor who are starving to death cause all your donation will be for the construction of their building, gold investment and bank investment. It seems to me that churches are new form of businesses with only gold hoarders leading it.
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Back then in 2009 i was just a kid who was busy doing his childish things and playing online games and spending all my time to useless and unimportant things that i have regretted. I didn't even know about crypto currency or bitcoin back then because it was unpopular and no one was advertising it.
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I suggest buying bitcoin while it's still on a dip or investing your money into much cheaper altcoin that is strong and has good fundementals and has new investments and developing new projects such as ETH and ltc. You could try to conduct your own research to where you wanna put all your money on just be sure that it's hype and has a lot of investors.
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Bitcoin is better suited for digital use cause it's way faster and efficient than fiat currency or credit cards. Where if crypto currency where to be made physical it would be risk to be damage and can be easily stolen, burn, wet or be torn into pieces. And the features of bitcoin will be compromise like it's anonymity.
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Rule number in investing dont invest money you can't afford to lose especially when all of your resources is at stake. What happens then if the price went to a dip would you panic and sell all your bitcoin, what if it gets hack ? what would your family eat ? do you have another source of income ? You should consider this first. But you've made the right choice to invest in $5000 because btc will surely recover.
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Try not investing in altcoins that's not popular, no new projects, no investments and losing revenue in the market cause you will only fail and lose your money. Most altcoins and new tokens are shitcoins because of the volume of coin in the market some gets overlooked and ignore. I suggest investing your money in eth and ltc because they have good fundementals and in technical perspective they will soon to rise.
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This is also a good way to trade. If you can't afford to lose your money then you shouldn't probably invest it all. Better to be safe than sorry where if you failed in trading and lose money you wouldn't lose big cause it was only an small amount of investment. And once you've really familiarize and know the pros and cons, fundemental and technicals of trading you can start trading big funds.
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Why not learn trading you seem to be drowned with debt then if your going to risk every money you have then why not risk it all in trading. But before entering it you need to conduct some research first and learning the basic buy and sell in trading when to buy and what to buy then an exit strategy. Also manage some time to also learn the fundementals and technical analysis of crypto trading.
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No need to invest it to stock market because just by holding and buying more bitcoins you can earn tremendous profits depending on the amount that you've invested in. Crypto investment is much better than a stock cause fiat has low gains. Crypto market is far better because of it's volatility especially when you know trading when to buy or sell a token.
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One can learn trading if they decide to manage and add time in learning the basics to advance of trading im also a newbie so it's nice to see someone sharing good info about price analysis. But im surprise your still a newbie but you've manage to learn so much in just a short amount of time. I dont even have any idea about support and resist. I just know some basic indicators.
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Because some traders never sleep to make the perfect opportunity to buy at the currency they've invested in and predicted that will dip or sell if they think it's time to cut their losses and there are a lot of people trading around the globe so the market is always full of people that are trading. Waiting for the perfect trade.
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Indeed looks like this is another bullish run those who have sold their bitcoins will surely regret it or is crying right now. That's why it's recommended to never get your emotions get a better of you cause you might regret it in the end. It seems that the bulls are back in town im pretty much excited how much higher can bitcoin reach, i never panic when btc price goes down because it will always recover.
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Price speculation or price analysis whether it's fundemental or technical is not actually bad cause it reduces the amount you might lose thus you can predict whether the price will go uptrend or downtrend. Yes it's not 100% accurate but it's still helpful to lower loses and speculate when to cut losses.
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