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This will depend on the risk at which you will be exposed by holding such assets. The only situation in which the investor should make that decision, is when the investment is very compromised, or when the investment is going in that direction. Evaluate the scenario carefuly, and try to make market projections to see if this is the right decision or not.
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Because bitcoin is the one biggest assert presently running in online world and to make more money while investing into bitcoin, bitcoin is used many other purposes also like trading, buying and selling at higher price. In some countries they have established exchanges to convert them into local currency.
Bitcoin is in fact a great asset, but most people are not investors or speculators, I believe they will decide using Bitcoin based on different purposes, such as the ease of sending and receiving payments using Bitcoin, the fact of being decentralized is also a good reason for them to use it. |
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I've done both, investing for the long term and gambling for shor term, for my greater portion to investment real, hold bitcoin and altcoin is an alternative after I know cryptocurrency.
As a matter of risk management, I'm just in the trading business. I don't have much experience with gambling, although some people say that there are some strategies for it. Trading is not something easy, this requires a lot of knowledge, but I think it's a safer choice, and with a good profit potential. In addition, it's a field in which I already have some experience. |
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The problem is that many ignore the fact that, by learning more about the market and about trading tactics, it's possible to make good market projections and, of course, good trades.
I think that, despite the uncertainties in the market, there are many fundamentals and statistical analysis that can help the investor to better see what lies ahead...
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Well considering the trend line in gold right now, btc would be the wise choice. As a lot of traders anticipate, I expect to see gold dropping to close to $600 before any sort of rally. Can't ignore the charts.
Bitcoin has the potential to present an excellent performance in the long term, but I'm not sure if we will see a price increase for the next few days. I think that the price of Bitcoin may drop a little more, even below $ 700, but after that there will probably be a rebound, and Bitcoin can reach new heights. |
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My friends doesn't care about bitcoins, they think its for people who doesn't have nothing smart to do. They ask me where is my money from it I say I keep everything in bitcoins, I don't wish to sell them! Their answer on that is that I dont have nothing and that I will not be able to cash them out.
I'm trying to explain them but I'm losing patience. They will see one day who was right and who was wrong.
They probably did not understand the importance of Bitcoin, and the problems that it can solve. But I believe that their vision will change in this regard, especially when Bitcoin reaches the mainstream media. You can anticipate this by giving better details about the changes that Bitcoin can bring in the world economy. |
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To have this level of return, a high initial investment is usually required, there is also a significant risk. I believe that this gain can be obtained by trading. Mining may not be the most viable option, since the cost of maintaining mining operations is high, at least in most countries.
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I still don't understand why there are some people opposed to the SegWit implementation. Isn't it something that will make the Bitcoin ecosystem better? What are the arguments against this? Could it take more than a month for the consensus to be reached?
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I should never sell my Bitcoin because I sure the price will increase in every day, every month and every year. This is best time to buying bitcoin, and I predict the price more than $1000 in next year
I will not disagree with respect to this forecast, this value could be reached even this year. But there are several factors involved. Even for a revolutionary technology like Bitcoin, the market is uncertain. Invest into Bitcoin is probably a good idea, but I would not put all my capital into a single investment. |
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If forecasts for Bitcoin come true next year, it could mean that 2017 will be a tough year for altcoins. The same can probably be said with regard to ICOs. But there are always some altcoins that get a good result, I'm trying to identify the most legitimate and with a good initial distribution, probably Litecoin and Monero are some of them.
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It has been months, but this crash has not yet happened... If this happens, people will look for other alternatives, and Bitcoin is certainly the right way.
Even so Bitcoin is having good results in the market, it probably means that Bitcoin does not depend on a dollar crash to succeed, and I think the btc upward trend, for this year, is not over yet.
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Probably because of the high demand and the high price of bitcoin and how it became hard to mine and no one can buy it for its very high price it maybe possible to see other alt coins taking over probably litecoin since it is the second after it
This is unlikely to happen. Despite having a certain level of instability, Bitcoin has made great strides in the market in recent years, and the number of users is increasing. I like some altcoins, Litecoin is a good one, but the trading volume is very low, and it does not have the same Bitcoin network effect. |
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The best way I think to manage money is to understand that you do need to save and can control the urges to not buy your wants and just pay your responsibilities. You can manage your money through apps, knowing what you paid and how much you save. The first thing when you get your salary or wage, you take an amount already to save. You take a part of it to savings, and apart of it from responsibilities. You should always keep in mind to save then spend what's remaining rather than to spend then save what's remaining. It's a sure way to have savings and completely manage it using an application. That's how I do it.
I don't use apps for it yet, but the idea is worth trying. I'm already appliyng the practice of separating necessary items from unnecessary things. But that alone is probably not enough, it's also necessary to do research in the market to be able to substitute more expensive items for cheaper and quality ones. |
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The first difference is of course that the bitcoin is digital and real money is not digital, another thing is that the bitcoin is globally and other currency's are not this at all.
Well, it's not that simple... Fiat money is centralized, controlled by central authorities and banks, and it has a high inflation rate. The same does not occur with respect to Bitcoin, backed by science and technology, decentralized and, very importantly, deflationary. |
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Trading forex is incredibly difficult. Moreover, to be able to make any profit, you'll need an awesome amount of money that you could lose.
It's true that it is quite difficult, especially for beginners, but I believe that the risks can be reduced by proper study of the fundamentals of the market, and by frequent monitoring of changes in the same. The initial investment is in fact high, especially for people planning to have forex as the main job. |
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If you are looking for a more decentralized way of storing value, in which you have real control over your own money, in my opinion Bitcoin is a good choice. In addition, there is not much complication to use it, and the adoption of the currency increases every day.
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Trading is a path that can allow gains in this range, or even higher, if you're a good trader. It's important, of course, to have a lot of caution to make right decisions, because besides the possibilities of gains, there is also the risk of losses.
If you are not willing to accept this level of risk, on the Internet there is the possibility of offering services for Bitcoins, this will depend on the investor's ability to provide such services.
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You must have a trading strategy that you should have. You need patience in trading and that is very important. Trading is the best option rather than gambling. And if you really want to quit, you better open stores and convert some of it into your currency and save them to the bank for your future needs.
Yeah, and in addition to patience and strategy, you must also have the right timing. Many opportunities appear, but do not stay there for long. This requires the trader to be able to act with agility, not being too greedy, because even small gains are welcome. |
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In my opinion it's not that difficult. You will realize that it's easier to buy it than to buy most of the assets on the market, which requires a lot of documents and bureaucracy.
Something that may become difficult, is to find alternatives to buy with credit or debit card, but in my opinion it's not worth due to the high fees.
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