i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin?  Investing in known currencies like Bitcoin and Ethereum should be classified as a calculated risk, because of their potentials and recognition. You can actually invest whenever there is a dip in the market. Investing in new currencies is not really a bad idea, but just choose the once with prospects. |
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Good day traders, I would just like to ask what is the very effective analysis to use in trading? I've been using Technical Analysis in my trades and it's not 100% accurate.
There is no 100% accuracy when it comes to trading strategy. Trading analysis has to do with both technical and fundamental analysis. With technical analysis, you need to try price actions, trend line break-out, and support and resistance strategies. It is advisable not to use lagging indicators to analysis the market. |
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Using bitcoin as a National currency would not really be an ideal thing and with the look of things, i don't think it can even be used as such, being that bitcoin seem to be a global currency that is owned by individuals and not a country.
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Traders have a major role to play in trading, they also affect the movement and flow of the market. Having more traders in the market, is actually a good thing. The ideal thing, is for you to learn how to become a successful trader.
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Bitcoin is a new innovation that is yet to be accepted by the general public and even as it is, with the negative factors affecting the currency, it is still found pushing its way up the ladder. As far as it not dead despite all the negative odds, i don't think it will ever die.
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Becoming a trader requires certain skills and abilities that needs to be acquired by an individual. Knowing when to enter and exit a trade is key, towards making a successful trade. In the case where all these things are not taken into consideration before becoming a trader, it can therefore be said that such a person would be a gambler.
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Trading is a day to day practice that anyone can get involved while Holding is a long term practice that anyone can get involved as well. As for me, i do both, in the sense that when i'm in a trade and i happen to be at a loss, i then tend to hold for price to get to my entry and get passed it for a gain.
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I believe crypto is not going away but it looks like in the near future bitcoin is going to be a afterthought. What coins do you think have a chance at replacing it and being adopted for use?
I do not see bitcoin in the future becoming a thing of history, it can be said that as long as cryptocurrency exist, bitcoin too will always be there. But if it happens that bitcoin is no more, the next coin to take-over would be Ethereum, considering the fact that it is ranked second after bitcoin. |
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The term ''crisis'' should be a known factor in the minds of investors before going into crypto investment or any other kind of investment. It should be expected at one point in time. The things to do during time of crisis, should be to hold and to buy more coins at every cheaper rate.
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Now bitcoin and eth price is increasing.Is it right time to sell my eth as the price is a bit pump or I just hold it for further increase.Please give help me by giving your opinions.
Ethereum is the second cryptocurrency on the chart board, it has a unique platform that accommodates other altcoins and with this i believe it is a coin that has all the growth potentials and the ability to increase in price overtime. So, i would advise holding. |
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Cryptocurrency is at the verge of breaking out and gaining massive acceptance and so, the banks do not want to be actually left out on this, which is why i believe the UK plans to open a cryptocurrency trading desk in order to be vest towards the rendering of services.
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#Signature Campaign Task Done
Member Rank: Full Member
Starting date: 9th April 2018
Task done date: 14th April 2018
Week: 4
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Daily currency, means daily transactions. And considering the fact that bitcoin still has its own challenges and can only be used with the aid of the internet, makes it not possibe to be a daily currency.
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I believe someday, bitcoin would be used as a payment system. But as for now, i don't see it happening, because bitcoin as a virtual currency, has not been widely accepted and used by the general public. Until when such challenges have been resolved, it may be used as an alternative mode of payment.
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