If just hypothetically things with Bitcoin doesn't go well and its value drop down and stuck on some unpredicted level for some time your uncle may lose faith on it. Some money too if he doesn't believe in its recovery and withdraw invested because of that current situation. For example, people used to buy Bitcoin in January this year when the price was 10,11 hundred, waiting for price to raise on 15 or 20 hundred like it was month ago. I think that placing the money in the bank is safer to get some interest, smaller amount but it will be on your account at the end of the year. I also think that you want only the best for your uncle but I could suggest you not to do such a thing with other people money, you might get yourself a headache for just wanted to help.
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If just hypothetically things with Bitcoin doesn't go well and its value drop down and stuck on some unpredicted level for some time your uncle may lose faith. Some money too if he withdraw invested because of that current situation. For example, people used to buy Bitcoin in January this year when the price was 10,11 hundred, waiting for price to raise on 15 or 20 hundred like it was month ago. I think that placing the money in the bank is safer to get some interest, smaller amount but it will be on your account at the end of the year. I also think that you want only the best for your uncle but I could suggest you not to do such a thing with other peoples money, it is not a good thing, you might get yourself a headache for just wanted to help.
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There are lots of predictions coming from the experts and they can be totally opposite one to another. Practically you can not know what to listen. But it is still more than good to keep in touch with those because we can define our own picture about market by using informations from the predictions and combine it with current situation that we can see by daily observation.
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Well it is not acquired to become billionaire or super rich, but definitely my goal is to get some financial benefits from investing in Bitcoin. It would be wonderful if it could provide me early retirement.
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That's the pattern not just for crypto but for everything else in the world, theoretically and practically. First you learn theory and after comes practical part. It's the right way that gave good chance for success. When I was talking about crypto currency with my friend, he mentioned to me that his friend took two years class about trading so he could start with it. He take that seriously and want to invest bigger amount of money. In my opinion it's only logical approach.
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They most likely sell tokens because they need more cash. In situation where someone needs additional income it can be good add. I don't see other reason. At least hold some, don't sell all. It's always a good choice.
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In both you place some money on the outcome that you don't know for sure. Very important thing is to stick with your plan and avoid that 'tilt' condition that we all have. It is the hardest thing to do. I am very calm person and there's time when I just snap. Very rare but sometimes I do. It is important to be aware of that state where you are losing yourself. In moments like this you just stop, make a pause. I think that it is the most safe way. That will keep you from making stupid decisions, things that you didn't plan to and will definitely limited your loss.
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There are people that are interested on her looks but there are some that are interested on her lifestyle. Maybe those people will be more interested in Bitcoin, maybe not, but the fact is that so many people have seen that post, over 100 million of them, and that's a good advertisement.
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Gold has great value for centuries and I suppose that they feel safe and secure by investing in precious metals. Since they are old generation, they stay with good old scheme. When I get old I wouldn't like to think much about good investment that I am not familiar with. I would like to go with something that is reliable.
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Actually I don't explain it anymore. I kinda get tired of that. I've tried many times and very few people understood, others were just not open minded. In discussion they just stick with their theory. You could direct that friend of yours or anyone else that ask you on sites or videos where it is good explained, assuming that they really want to know what Bitcoin is.
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Depends on how much time do you spend on it and how much benefit do you gain of it. For example, in some countries a hundred, two or three hundred dollars is great add and is not so much in another because of standard of the country. For those who earn more and spend more time and invest more money is the same thing. It's all matter of perspective.
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Looking from that angle you are right. Maybe those who ask are looking for short time period benefits, to buy at 7500 and sell on 8000 hundred. Or they have some second thoughts, like, did I missed the opportunity, will its value ever going to be higher than now, should I buy it at all... I personally do believe in Bitcoins value growth and would agree with you that it's still good time to buy and to keep your coin for the future.
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I have seen many threads talking about should I sell now or wait till BTC moons. When I see these threads I marvel and move on to check on different topics or threads because I know the person doesn't know what he is talking about. Diving more into cryptocurrencies, when you sell now it means you are a coward and don't even know the kind of cryptocurrency you are dealing with. One thing is that, its really kinda pity to see those topics raised. I have set a goal and until that goal is not, I will never sell BTC and that's me.I want ask that is it because those selling the coin are newbies and are afraid of loosing some small $s or they haven't read much about bitcoin or the cryptocurrencies or they have low knowledge about the blockchain technology?
Maybe they are really a newbies or maybe they are afraid of losing some dollars. That's good explanation. Or maybe even it is in purpose of just opening new thread on discussion. But you said what really is the point, that you are not selling your no matter what before you reach your goal. I am thinking the same way. We are all people and it's logical to have our own point of view. However I would like to see all the people that are involved in crypto currency in any way to learn as much as they can about it, that can really help in making decisions.
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Nobody should put all its money into Bitcoin. Like you said, we all here would like to see that moment where value of Bitcoin become 100K and it might happen. But last year December and this year January showed how risky investing all the money on Bitcoin could look like. Invest. Invest strong if you want. But not all in.
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I have some amount that I decided not to sell by any cause. I do believe that price will rise more and even if it isn't so, I am ready to lose bad but it is not for sale for now.
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There's certain amount of risk but we still can not know how big that risk can be. You find a job, something that people do for years, decades, centuries. That way you get money so you can live. But there's still risk of getting fired, but it's a different level of risk on getting fired and risk of doing bad of engagement in Bitcoin. It's much safer with regular job.
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There are predictions about future of Bitcoin that are totally opposite one to another and they are coming from eminent persons. I do like to read about it because I would like to hear what people have to say. Finding logic in those predictions, gathering some informations, trying to create my own view.
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No specifically need to. You have programmers that didn't finish schools for it, they are just talented and was interested in the matter. They learned off course but it was not high education, colleges, business schools or courses. I think that same thing we can find in trading world but my opinion is that number of those are not that big.
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You need to know something about trading if you want to start with it. Will you gain knowledge from youtube channels or on some other way it's up to you. Then you start to trade and you add experience to your knowledge and you have real skills. Maybe you could earn more by trading than by just holding. Who knows. Put bigger amount on hold and try to trade with smaller just to see how it looks like.
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I do believe that some sort of system can give good results, especially on long terms, giving benefit on a year level for example. If you don't step out of the rules in it, everything should be okay. Greed could make a person to make mistake or more accurate not react in right moment and do the right thing that could cause money loss in trading for example. Greed will get you great result now and then but in many more cases will make lots of problems.
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