it's a speculative asset.
it's definitely not usable like cash any more considering the fees. you'd also have to be excessively confident to treat it as a serious store of value. both purposes might come in time but not any time soon.
to me i think it can be use as physical cash, we can see that bitcoin s already using as online cash for online shopping in most of online shops, wile in some places it is even usable in offline shops for shopping, so i will like to say that bitcoin is an online cash which can be use for both line as well as offline shopping. |
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Very brilliant, user bitcoin increase dramatically in 3 years so the price can go up to 400% compared to a year ago. I'm sure the future of bit[Suspicious link removed]d will and be the best investment.
I agree with you it shows the strength of bitcoin and how bitcoin attracts its users but not just rising bitcoin has also experienced a bad state to fall in the range of $200 I also think bitcoin will have a great future but to me i think the users of bitcoin are now too much mature and they are not going to sell their bitcoin so easily, as they will like to continue holding thier bitcoin even in panic like situation and that is the reason that now we can see that when people start selling, the market get a good support after some time. |
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Bitcoin for me is a decentralized digital currency which opens many opportunities to everyone. It is something that helps us understand the importance of saving and investing. Saving your hard earned Bitcoin then earning more of it through investing in many different sites.
in current time as i have invested a good amount of my assets in bitcoin and i am also earning a good amount of bitcoin from that investment, therefore bitcoin is really a side business for me, from where i am earning a good amount of bitoin on daily basis, i will like to continue using bitcoin for every. |
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Bitcoins wouldnot make banks disappear.But user volume of banks would get much reduced.Their profits which they got from transactions would get reduced as more people would prefer bitcoins for transacting money.Banks would be getting their revenue only by lending loans in future. as the banks are mostly depending on the people who are using banks and putting their money there. so if the users of baking systems will convert to bitcoin and online wallet system, then the uses of banks will decrease which will surely effect the banking system, but still it need a lot of time and it is not such an easy job. |
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I have a question for you. How to make governments accept bitcoin and not see it as a threat? So that one could use bitcoin in daily use, such as paying taxes or grocery shopping. What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?
make goverment accept bitcoin ? i think this is very impossible because goverment not believe of bitcoin , see bitcoin like scam and criminal.. bitcoin is more easy without goverments, isn't ? to me i do not think that it is such a difficult job. i think it depend on the users of bitcoin , when the users of bitcoin will increase more and more and they will put pressure on government, am hopeful that very soon the government will start accepting bitcoin, but i think it will take some more time because the users of bitcoin are still very low. |
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yea, i agreed bitcoin bank because btc wallet high charge. so i agreed btc bank.
So do you think it will give you a lower fee if there will be a bitcoin bank, I think it will also increase the fee just like the real bank. As much as possible we have to retain the decentralized and banks will surely eliminate it. to me i personally do not think that they will charge a less fee than wallet, i do not like the because it is like to traditional banking system and i do not take it. i think it is best to use online wallet from anywhere and at any time, as there is restriction about the time and place to your your online wallet, therefore i will like to continue with online wallet system. |
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I use Electrum. It is light weight and I don't have to worry about retrieving my bitcoins if my computer crashes.  I think the desktop wallet is a wallet safest because you do not depend on a third party and you are fully responsible for your bitcoin. you should have a backup and a private key to keeping your bitcoin when something happens to your computer to me i personally use online wallet, blockchain wallet, and yobit, i always find it comfortable and trusted. i personally using it for a long long time and never find any thing wrong in it, so i will like to continue using it inf future also. |
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As we enter 2017, Bitcoin begins with a fresh start making it worth nearly $1000 per coin. Users, banks, and even governments are becoming more interested into Bitcoin, and its underlying technology called the Blockchain. Now, as we progress into making Bitcoin more scalable and efficient than ever, I would like to know what are your thoughts for the pioneer cryptocurrency in 2017? If all goes well for Bitcoin this year, it might increase its value more than $1000, as well as become closer to being used as a mainstream currency. What do you think? Bitcoin price has already reached $1250 now.Japan has accepted bitcoin as a payment already.Russia has dropped its plan of banning bitcoin and has started to regulate bitcoin.Bitcoin would be accepted by more companies in 2017.It would make the price of bitcoin to increase more. yes that is a fact that there are so man good news about bitcoin, the price is about to touch 1300 USD and i am hopeful that this time it is going to cross 1500 USD before taking another market correction. to me i think the price of bitcoin is going to cross 2000 USD level at the end of 2017. so i think still it is good time to hold your bitcoin and not to sell it. |
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Btctalk name : whizter
Rank : Hero Member
Current post count : 712 + 1
BTC Address : 1GRAZcdZ1qGjs7nSyD5mVmF1e1TPFkNBF1
Wear appropriate signature : Yes
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Loss at the start of trading in my opinion it is reasonable, because to be profitable in the trade required a good learning. Maybe a little suggestion in the early start of trade would be better to establish the amount of profit and loss, it is intended that you start a trade according to your target. After that begin to analyze and you should know how the trend at the time, adjust to the market conditions at the time. The basic method of trading is basically technical and fundamentals. I'm sure if you're already familiar definitely be can get a profit.
Cotinuous learning is the key. 'the basic method of blah, blah, blah' don't know what you mean. Yes " continuous learning is the key" professional traders leaned and developed their skills through consistent Learning. For traders that are new in forex or trading, what you need to do first is to demo trade or open a practice account then from there develop your skills on how to trade skillfully , before risk your trading capital. start with a very less investment or open a dummy account for the the practice and learn the basic techniques or rules of it. rather than without experience or skills it will turn it into a big loss in your investment. so, learn the skills through less investment and when you are experienced than do it with good investment so, it will really help you. in one line trading altcoin is a very best source of earning but without experience it is worst. yes that is very right if you do not have any experience in trading then you should really try to start will less amount of bitcoin. experience really matter in trading and the only way to gain experience is to do it with the less amount and learn the ethics first. the trading is a good way of earning but i think without experience it is the worst. yes that is a fact that experience play too much important role in trading, and specially in trading alt coin. i think those people who have too much experience in trading then they can make good profit from trading. |
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I was a paypal user in the past when i was still a gamer, I sell items, gold and even character using paypal but my addiction to online games was ended so now i changed my hobby from online games to online gambling and i used to play to gambling casino where i won't need to use my credit card so my Option for that is to use Bitcoin. What i mean is there is no best in bitcoin or paypal , both are good depending in where and what you are going to use it for.
For using the money in gambling most of the site apart from the btc gambling site. Most of them supports to pay via debit, credit card and paypal in high numbers. I support to bitcoin due to its potential and less fees when compare with the Paypal. Moreover Paypal was doing scam attempts via email. but bitcoin never. Please aware of scammers around you and use bitcoin. i think paypal not support use to playing in gambling site maybe only england country with regulated can use paypal in gambling site and only one gambling site support paypal, in williamhill but i think in some gambling sites they even accept paypal. i think in most of big store they were only accepted bitcoin, but now we can see tha tthey also accept bitcoin for payment, and i think people now find it more convenient to use bitcoin instead of paypal |
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We can really start into trading anytime as much as we want as long we are knowledgeable with this field and you already have idea because if you just rush into this thing without proper knowledge then for sure you would lose your money. Being a trader is not easy at all especially we are battling against price movements of a certain coin or currency but the hardworks on making positive trading would really make you decent money.
Yes we can all start trading anytime as long as we have a proper knowledge and basic trading pattern you can do. To achieve it you need to read on a forum so you can gain knowledge about trading and bitcoin. Then do a signature campaign and earn for it, when you earn you can make it as a capital on your trading. Then always monitor to price for you to know when is the best time to buy or sell for you to earn and not to lose. Just continue this basic ways and I am sure you will be a good trader in time. yes trading can be start at any time. but we need to wait for the good time when it is more suited to start trading. for example in present time when the price of bitcoin is trading below 1200 USD level so it is the best time for trading. as the price of bitcoin is expected to increase more and more. You should not become a trader just for one fluctuation/aiming for one big price levels. Because conditions and situations may change over time. You must be a versatile to handle any situation in future and you should be technically prepared for that. When you are able to handle any situation in trading, that must be the best time to become a trader. For that, you must work hard for learning different aspects of technical trading. yes that is very much important to have have good knowledge about trading, only then you can make money, i think the most important think in trading is your experience, if you will have good experience in trading then you will be more and more confident. |
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Trade with patient..wait the prize go down and buy bunch of alts coin then sell it when the prize go up. Just be patient and dont be too greedy. Many peopke hold to long the alts.but for me. Buy and sell wtleast i gain profit on it.
yes no doubt about this that you need to remain as too much patient while trading bitcoin, as some time the price of bitcoin remain very stable and you will wait for a long time but you do not have to lose heart and must wait for some more time when the price of bitcoin will start increasing. yes while trading bitcoin you must be patient, because some time the price of bitcoins start decreasing which turn people in panic so in such kind of situation you need to be more patient and not go sell your bitcoin in panic like situation. |
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Chances are very good you will loose Even more if you go in for trading...
Rather than that.... Keeping 40 btc Is still trading because btc price will eventually go higher
Or you can invest for longterm in major promising Altcoin like Ethereum Dash XMR or Litecoin... etc
Well the cryptos that you've mentioned are also following the trading patterns of bitcoin for the most part, and apparently bitcoin is also doing good amidst the drama that is currently on going as to where are we going from here. I suggest that you just keep it as it is since the growth wouldn't stop here; there's a lot of money to be made in bitcoin. But to don't miss out on the opportunities, you can always try to diversify your assets. Generally it's good to put money in several different cryptocurrencies at once so that you know that they're fairly stable and likely to go up. There's a CRYPTO5 index in the securities section which invests in 5 cryptocurrencies and has had 300% increase in the past year as I recall. yes distributing your money in different places is really a good idea, through this way you can get more chances to make to earn money. i myself has distributed my money in different alt cons and i am really getting a good profit from it. |
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Well , let's say you made about 0.02-0.03 BTC , can you start trading ? is there any limits for trading like minimum and maximum amount ?
where you guys think is a good place to start a trade ? share your trading experiments and recommendation.
I also would like to know at which amount you guys started trading [ personal experiment ].
Edit :
Sorry, i think i posted it in wrong section, if possible mod can you move it to the right section?
Thanks
To start trade we can with even 0.01btc but it is more better that we should have more as we can start with . Because all depends upon the descion at which altcoin you made choice to invest . Second thing there don't need to wait for any perfect time to start trade Because the market of the bitcoin and altcoins remain fluctuating every hour in the internet market , so it is more better to start when you want . Here I will suggest for the start of the trade when the price of the bitcoin is very low , Because in that the you can buy maximum bitcoin and can invest for the altcoins (altcoin trading ) . I think, start trading when the price of the bitcoin is very low is not the best time for trading, because it could be these prices are dumping. Buy coins at the price of being in the dump are highly risky. but to me i think the present time is still the best time to invest your money in bitcoin, as in present time the price of bitcoin is still trading at a low price and its price can increase more and more therefore it will be still a good decision to invest in bitcoin and secure your position. |
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Absolutely not. I think dollars are better than Bitcoins. No one can say what is the future of bitcoin but about dollars it will be popular same as present. You will find more people that are new to Bitcoin and would like to learn what is it and this currency is not accepted worldwide. On other hand, of course the U.S. Dollar is the most common and widely accepted.
dollar is a fiat currency and it has its own importance but i think the importance of bitcoin can also be never ignore. bitcoin is now one of the most important part of our live and i think it now becoming difficult to even thing about the world without bitcoin. |
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Trading is not just the art buying when low or high It requires learning a lot of skills. In forex trading for instance a trader must learn both technical and fundamental analysis of trading in order to be profitable in a long run candlestick pattern is another tool used in trading.
And we are in crypto trading, so don't compare it with forex for they are completely different and far from each other. In crypto trading, in reality you don't have to be that high in skills as long as you know how the market works and it's cycle. You are fine to do that buy and sell, low and high movement. Trading cryptocurrencies and foreign exchange is truly very different. Cryptocurrency is easier and more like to people who don't have that high knowledge in trading because all you need to do in cryptocurrency trading is just to analyze the coin based on the given informations and you just need to buy from the low price and sell it for a higher price after the pump and you could easily earn money unlike in forex that you need to monitor and study different kind of trading tools and observe the graph 24/7. Yes you are right with it, there are other trading in real life but it is more easier for us to understand this crypto trading. Since I'm not really into forex and I know that it's riskier than crypto trading. I choose to do focus on it since the market of crypto is very good and there are a lot of choices for us to trade by simply doing the usual method. Yes cryptotrading just need usual methods or easy things to make a profit and not like in forex that you will need a lot of effort in studying a lot of charts and putting a lot of effort in watching the movement of the chart and many more hassle things that you will encounter in forex but in cryptotrading you just need a small time to look at the charts and execute trading then boom, you can earn profits in a lot easier than hassle forex. yes it is very much important to have a good trading strategy. i think if you do not have a good strategy then it is very risky as it is very much complected to invest your money in trading altcoin or trading bitcoin. |
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What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?
Of course, there is tendency like that. But you can't predict if people will sell with you if you dump large amount or trend will go up. Ignoring fact that you sold many many bitcoins at once. Its like gambling, you can win you can lose but in long term you will lose. but tome i think people have now becoming more and more mature and they are not going to sell their bitcoin in panic selling, they mostly hold their bitcoin in such kind of situation which really give good support to the price of bitcoin. |
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I don't think that Bitcoin can make banks disappear. Because in my country there are more to be educated about the internet let alone Bitcoin. So am sure Banks won't disappear but Bitcoin is here to stay.  Neither banks nor bitcoin will disappear in future as both are the long term players and banks has already proved its power since it exists since long time and it also has large number of users bitcoins is comparatively new but will gain more popularity and users as time passes by. Both bitcoin and banks will coexist with each other. Due to the growing popularity of bitcoin, banks now will start to accept bitcoin in order for the two to help each other. Banks cannot make bitcoin disappear because it is decentralized in nature and the same way, bitcoin cannot make banks disappear because banks are supported by the government. Since they cannot make each other disappear, the good possible way to make the coexist is to help each other. This way, bitcoin will be as powerful as the banks nowadays. Banks may adopt blockchain technology in future but its very hard to believe that banks will shake hands with bitcoin in future as bitcoin is the toughest competitor for the banks so I don't think that banks will support bitcoins in future. i think it will surely take some time but still we can expect that in future the banks have to adopt blockchain technology and they will either create their own coin or will accept bitcoin as legal currency. |
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