I fully agree with your position. I can say the same about ETH - you just can purchase those two and wait for several years. patience is our best friend.
I don’t know much about the market of ethereum but what I have observed for few years is that just like rest of the altcoins, ethereum is also blindly following bitcoin. It does not have independent market like bitcoin. So why not simply invest into bitcoin and hold it for long time than going after silly altcoins. Bitcoin is the most appropriate coin for long term investments because of its high market and prices. |
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The rates of all the digital currencies are particularly low nowadays and that it is smarter to go for purchasing of the greatest number of number of coins as you can and that without squandering any single minute. The main thing which you have to keep in your brain is that you should make certain that you are putting resources into the coins like that of bitcoin, ETH, swell or some other comparative coins with the goal that you can have great income.
Thats still not answering the question properly though. Yeah we all know BTC ETH are always the top priorities but it would have been better if we could just predict the right coins for us. Yes its true that having coins with discounted price is lucky shot for now and everyone should grab the opportunity of this. For OP my Dorset suggestion would be ETHER. Many speculations are coming out these days which predict that ETH will somehow cross the prices of 2K. The reason for this is condensed and cheap market at the same time. Actually to rephrase this one I would say ETH is very cheap right now and thats why people are buying it at mass scale thus making it more and more condensed. This will surely pump the prices to 2K or more. Also whenever ETH has dropped with such high intensity then it also has risen with double power in the future. Better not to miss this coin from your table. I still prefer on bitcoin because it has a potential to grow immediately our money. The future currency which is bitcoin is the most popular than other coins so better to prefer this coin. I know the prices still on dump but still bitcoin is on top and has chances . There is no way any other altcoin can take place of bitcoin in any way and the reasons are quite obvious. No other crypto coins enjoy as big market and support as bitcoin is enjoying at the moment and for last few years. Everyone is there for making money and it is just the potential of bitcoin to make people rich in short time by giving them profits of thousands of dollars. I am also still supporting bitcoin. |
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Nothing but holding and always hope and believe that bitcoin will rise and increase again more than my expectation. I had no doubt and fear that bitcoin will recover soon ,so i didn't panic to sell like what others do. At the moment like this we need to understand if what bitcoin really is and it's nature.
My portfolio is going good as I divided and spread investments in many things. I also invested in Bitcoin but as you know the market is low and the price I bought the Bitcoins is reduces but I know as I have knowledge about this business, the price will go high again with increase in demand. |
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Bitcoin is the first implementation of a concept called "cryptocurrency", which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin.
so far as I know the creator of bitcoin is satoshi nakamoto who until now is not in the know of its existence and its original identity, and thanks to bitcoin many lives of people who change from the financial economy of bad money to be good It is satoshi who created and came up with this excellent idea to bring easiness for the future world. This idea was not to disrupt and create disabilities in the market for other contributors but to bring an easy way of investment and payment method for future and would be for people without the control of government of a country and is decentralized so this provided us an excellent opportunity. |
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What is your exit point? Where will you sell your coins? How much % of your stack will you sell?
Its not easy to decide especially you earn nothing from your investment. There's no excitement at alolu, especially whenever you visit trading sites which almost all coins are turning to red. Id rather hold my coins until it bounces back. Planning is valid for buying but for selling you can not plan about that because it is unpredictable when the price of Bitcoin is going to forward direction or backward direction. It is a continuous reaction in which positive news is using as a catalyst. With positive news the demand increases and negative news automatically decreases the value of Bitcoin. I am waiting for the price to go high and so that I will tell you that I am selling the coins. |
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That's a good strategy that i'm using quite a lot before but not that often now. The high fees from transferring from ine exchange to another is really a setback for people using this strategy. I have account on multiple exchanges and its always due to when the need arises for such in the sense that it's due to necessity maybe someone wants to transfer some coin to me
Trading is good with one exchange because if you are using two exchanges then charges of transferring from one exchange to another may apply. Trading needs you to setup account in exchange and selection valuable coins which have greater demand at the market is a good choice. It will be easy if you exchange with one account that will not cut the transaction fee. |
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Education is the only treasure that no one can steal from anyone, I think you should finish your college make it a number one of priorities, while you studying you can make earnings in bitcoin as well and I know you know that proper time management is the key here so you can do both but don't let aside your education.
One must not be at any extreme. Balance must be there in your life because if you are moving without balance and your path is just oriented towards one thing that would be the start of your demolishing time. So better is to live a good life by maintain an equilibrium between your studies and earning money. Bitcoins are there to help you every time, but don’t just leave your studies. There is no such point of leaving any of the thing for the sake of other thing and that you need to handle the things in the best possible way. It will be much better for you if you will go for investing your money or even playing with bitcoins as well as giving enough of your time to your studies as both things carry an equal importance and that you will be able to make a better living by doing so. |
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Please as a newbie how can I trade, please teach me everything
First, you have to read a lot about bitcoin. Because with a lot of reading you will find many things. As a beginner to trading, I think you will have a lot of risks. Because you have to be good at analyzing the market, setting up strategies , and monitoring continuously so you do not lose and disappoint. I believe that you can only learn trading if you do it personally. Trading is not something which you will be able to learn by simply reading the books and by reading the books. You need to first learn all the basic things and that you need to gather some good knowledge regarding the things related to trading and you need to start doing trading with small amount of money and then with time, you need to increase the investment money. |
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Definately panic selling can contribute to bitcoin price going down. In this trend we can not controlled them by just saying stop because they have own rights and in selling there coins. In the future they can only realize that once the bitcoin is really down its only the seller will lose there capital they have put on.
Amongst all the reasons which can result in the dropping down of the market price of any of the crypto coin, this panic selling is the most influential reason and that it plays a key role in the market value to fall. Panic selling does not only result in a huge loss for someone who did so but it also results in the decrease in the demand as well as the market value. We need to avoid doing such kind of thing for better earning. |
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just because fiat and printing money works in a certain way it doesn't mean that way is a good way and cryptocurrencies should use that way also.
the first thing that needs to be answered is that "what is wrong with having a fixed supply?" for example bitcoin has 21 million cap. what is the actual problem that you faced or expect to face in the future because of this cap?
what i am trying to do is to figure out what the problem is before moving on to finding a solution for that problem.
for example one of the reasons why the argument about the cap exists is that some coins may be lost over the years (forgotten private keys, hardware failures, proof of burn,...) to a point where it may lead to a lack of supply. well this is an exception and exceptions can be fixed with a simple one time hardfork while still keeping the supply capped.
There is a lot of difference in between the paper money and that of the crypto currencies and that we cannot treat them in the same manner. There are number of things which are very much different in case of the bitcoin and other crypto currencies and that even if we wanted to treat digital currencies like the way we treat paper money, we cannot do that. You can expect a coin with floating supply but this will not happen. |
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Actually,it depends on buyer's mind who want to sell.When he or she buy Btc then they see the price and we know that everyone wants to get profit. According to this thought we can say when the price will increase then it will be the best time to sell.
The current market situation is not at all for sellers, this is suitable for buyers because many aspirants of bitcoin used to complaint about damn high prices of bitcoin which were not allowing them to be part of the bitcoin community. The present belongs to them because right now they can get as many bitcoin as they wish to their wallets for securing their future. Sellers are at present the holders of the virtual coins. |
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I put all savings money to crypto and i have to hold my coins until the price go up. Holding is the best option right now, because if i cash out all, i will lost 50% of my investment. Holding now and i may have my money back, or lots of money back  Holding Bitcoins is necessary in cases like the price gets low. In the time when the market value for Bitcoin is low then you have to buy more and have to hold it for the time to see another jump and sell your coins for profit but if use your knowledge at perfect places then you will get huge profit at he end so do not take any quick action just pay attention with patience. |
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Where can I buy some coins with the cheapest price? Too many exchanger & trading sites out there, you don't know which is the best one.
It depends in your country if where you can buy. Here in our country we can buy through coins.ph or local bitcoin. But you know much better if you buy from your friends so that you can ask for discount and very easy to transact. Yes everyone has different opinion so choose which is suitable for your budget and your economic situation this is the basic ways to choose a coin for investing but before investing study about the coin is best for investing. Buying of the coins is not a very big problem now-a-days as there are so many exchanges available which can use for the sake of buying any kind of the crypto coin. The only thing which you need to be very much careful is that you need to go for buying of coins from those exchanges which have some better reputation and that those who previously bought coins trust them. |
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It's very difficult to disappearnce of paper money but it may be possible in future. Nowdays all people are used to woth the paper money and many of poeple still don't trust into cryptocurrency and many of old people think that how can currency become online and such things. But young generation accept the bitcoin and they started to use to with it. So if we give proper knowledge about bitcoin to all over the world then it might be possible that cryptocurrency will take place of paper money.
I don’t really think so that now is the right time to discuss such kind of things as it has not been so long for this world to see some other form of money that is digital money. We can comment on this thing after some period when most of the people will be aware of the crypto currencies and at that time, we can expect this thing and that there might a possibility that there will be no paper money in the future. |
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I use litecoin and ethereum as my alternatives in making a transaction. I choose these two because they're the ones that are widely accepted by some websites that I visit other than bitcoin. If you want a coin that has a stable price floor I suggest to go for tether.
For the OP this thread is placed in the wrong section you can move the thread by searching for the move topic option at the bottom left of the page. Move it to the Beginners and Help section I believe that's the correct place to move this thread.
Mostly of ICO's preferred in using ethereum as there alternatively token because I think it is commonly used. As of now it has a high value with the other currency and has good profit if it will invested in crypto world. The rates of almost all the crypto currencies are very much low these days and that it is better to go for buying of as many number of coins as you can and that without wasting any single moment. The only thing which you need to keep in your mind is that you must be sure that you are investing in the coins like that of bitcoin, ETH, ripple or any other similar coins so that you can have good earnings. |
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studying the market history between larger purchases and sales may be a bit helpful to take a stand
To recover what all you have lost in the world of crypto currency, the first thing which you need to so is that you need to stay there in this field and that you should never lose hope. You need to be strong enough to face such kind of hardships and then keep on trying harder to make more money which can also help you in recovering your loss. Just stay determined and that will help you serve the purpose. |
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All this depends on the transaction itself. When ETH$300, some people think it is expensive, but for rich people, he is not very expensive. If the demand for coins continues to increase, his value will continue to increase. If ETH$600, do you think that the price of $300 at the time is expensive, you will not
Most of the people who have bought bitcoin in their lives have done it by buying all those bitcoins using their paper money and that there is nothing to be surprised about it. Buying of the bitcoins using your paper money is really a good thing to do and that it really helps you in having a better chance of making more money as well because the market value of bitcoin keeps on rising high. |
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You offer a perfect example of what is called a non sequitur.
You offer a perfect example of someone who doesn't understand something so therefore thinks it is illogical. High price for genuine jewelry doesn't mean that people buy it for the purpose of investing.
I'm not saying they buy it for investment but that the choice of precious metals and gems performs that function. If they just wanted it for ornamental purposes why do they pay hundreds of times the price they need to? What I am saying is the reason jewellery has been made from gold since time began is because of its limited supply and therefore its function as a store of value. It is simply pointless from an economic view-point. Those who are investing in precious metals buy coins and bars.
Actually, serious investors will do it through ETFs as that makes much more sense if viewed purely from an economic standpoint. But again that misses the point. The only reason there is demand for gold through jewellery is because of its function as a store of wealth. Or do you seriously believe that when two people marry, they buy gold rings for investment purposes?
Do you seriously think that is what I'm suggesting? Note that I don't reject the fact that high demand for gold and low supply of it account for the high prices of this precious metal.
So you understand part of the picture. But the demand comes mostly from the glamor and personal adornment industry, but that has nothing to do with investing in precious metals.
And that industry only exists because gold acts as a store of wealth. In my opinion, there is a slightly difference in between an asset and a currency and that they cannot be termed as the similar terms. Bitcoin is having so many advantages and features that it fulfills the criteria of being an asset as well as currency at the very same time. this is the reason why it is being used as both the ways and that this thing will keep on happening in the coming days as well. |
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Everyone loses at some point but what's more painful is being emotional and not knowing when to cut ones loss. If you know when to cut your loss it's minimal. But once you're conversant with the market trends and most winning trading skills, your lose is over. Just take your time and learn more and practice more and take into account what made you lose in the time past and avoid such things.
I spent a lot of time becoming a trader and as soon as I started this I lost a lot but it gave me a lot of useful knowledge on the way to becoming a trader. Currently I have been analyzing the market and have avoided a lot of risk but sometimes I also lose money and this is unavoidable. Every trader is bound to lose some amount in the beginning of this profession because only then you can differentiate the methods that are not going to work in trading for you in order to chase a good profit. Failures and losses always teach you good lessons and this is why it is necessary in life to face failures in order to learn from them. Losing in trading is if accompanied with making money, then you are not a loser. |
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I see the market cap of Ethereum is going down day by day. Could someone explain what is really driving down? Is it due to market FUD or sth different.
It is going down just because the bitcoin is facing massive dump. The rest of the coins whether it is ethereum, neo or any other altcoin, they are completely relying on bitcoin for the rise in their market values. This is the major reason why you are observing downfall in the prices of ethereum too. This is not permanent at all, with the passage of some time, ethereum will rise following the leader of crypto market. |
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