For beginners like you it's better to start with user-friendly exchanges and with a good reputation. Try poloniex or cex. They are both quite simple in use - the only difference that polo doesn't offer much fiat options. I am more in eur market so prefer using cex - https://cex.io/btc-eur for these purposes. So it depends on what is preferable for you. Search on various forums and look what people say. Read articles from different sources, or simply google. There are a lot of exchanges that are working same and different both and their rates are different for different processes. You need to go through the Blockchain technology that will make you able to exchange your coins or selling of coins smoothly. In order to survive in the market you would need to follow the most recommended tools and places from where you can get success.
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In order to increase any skill as they say Practice makes perfect. I would strongly advise you practice with small amounts on some up and coming alt coins. Just remember to become a pro trader you can’t be too greedy which is the hardest part (In my opinion) of trading. You need to make plans about when you will cash out and at what price.
Trading masters do the processes or procedure without any hurdles or difficulty as they know better how to handle the processes and walk in a zigzag place and this is only possible if they have knowledge? Trading is simply based on few steps that are the major steps and need your full attention. Choose a valuable coin and hold it for a long term so that you find maximum profit from it.
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Why you didn't sell when you had $60,000 in total? you've got to be kidding me that you are expecting more and greed fed your mind.
You can counter your losses and start day trading otherwise, you have to hold further.
But how could he know whether was the end of the bull run mate? Nobody knew I know some people who bought BTC at $17k. That's outrageous. I think you had a good chance to cash the money you had earned in October but you did not and the time is gone now. What I feel right now is that you should have done the technical analysis which makes you know about the most profitable of coins in the crypto market. You can still go good as long as you feel comfortable with your portfolio and hold it. Good luck for the future.
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I am sure as soon as the market recovers and price of coin begin to rise, the price of ethereum will go up as many people will continue to invest and the block chain will be used by more companies for their transactions.
I have been hearing about the prices of ETH will hit back in the current year. There have been good speculations about ETH as well that say that ETH might cross $2000 in the current year. The price stability of ETH and its popularity in the market are some factors that helps keep the demand high in the market. Having a high demand, there is always an upward push in the prices of the demanded currency as a result of which the value rises.
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Imagine that some respectable country would go far beyond legalizing cryptocurrency and start one of its own. It would surely be no scam and it would probably have a strong support, but would there be any drawbacks to the currency and the state itself? Would it get more attention than some of the biggest coins now?
I think I will investing my money on that coin. Coin issued by government must be back up by tax payer and government trust and thats must be a good investment. I think that will make cryptocurrency market more healthy and more bigger This is exactly like a bond issued by a company. You will only invest in a bond if the issuing company is in a good position and has been issuing bonds for long with good profitability history. Besides, sometimes you have to keep the concept of default risk in the mind as well. It things like these worked out, there is no bad in investing in the coins issued by a country.
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I think that most people need to understand that trading is not a job, and that you can not get super millionaire in just a few nights like many poeple think. Trading requires patience, and if you are not patient, you are gonna lose all your funds
Trading can be a job, full time trader is great. if you have a good skill and an analisys. It will be profitable. yes, trading is required patience and this is the key in trading to be successful Trading is among the most beneficial professions of the world. Traders are rich guys who not only earn money but respect too. A person with the required skillset can change his financial life dramatically by involving into this job. Big things also come with big sacrifices and challenges. It is easy to start but difficult to stay here. Basically, persistency and patience play the most significant role in success of any trader.
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It's depend on you how much you need for trade, trade is free you can use of small amount to started. and not recommended to using a lot of money if do not have a skill to do that.
You are absolutely correct. In order to start trading, one does not need to have a huge amount of money rather skills are all that really count. A person can start trading with even 30 dollars. Like you have already mentioned, it is preferred to not trade with ample amounts in the beginning. One more thing, trading with small amount will return small profits. It is going to take few years before he achieves his goal.
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Before I only stop when I do not have money left in my pocket but now I stop when I observed that it is not my lucky day ,I will stop as soon as possible I do not want to keep on trying to take back what I loss just like before because I already know the more I try the more money I will loss.
I think you need to stop when you still have money and don't spend all of your money in the gambling places. I know how it feels when losing all money in the games and it's good that you can now stop as soon as possible and don't ever think that you can recover the money you lost because you will spend more money and the result still makes you lose all the money. Ideally, a person should stop after one or two bets. There is no need to spend a lot of money and time, which is even more worthy asset than money, on a ridiculous activity like gambling. It is harmful plus addictive simultaneously. The best is to not get involved into this game or get out of it as early as possible. In reality, people don’t stop even after losing big amounts as they had developed its addition over time.
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I am sure that the best approach is an investing I mean that it is not a speculation. I explain my opinion briefly. When investing you believe in a chosen asset and you hold it as long as possible to get all potential but when speculating or trading you consider your trading position temporary and close it quite fast without getting all potential
That was a nice piece of information but bitcoin will always generate positive results regardless of the perspective it is dealt with. This is the most amazing investment tool that the mankind can know ever. It touched 20k dollars by the end of last year and yet people are of the opinion that it is an infant. Crypto experts predicted a target of 30k dollars as an end year value for 2018 but my guess is, it would be near 40k dollars.
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I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund. So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it? What will be a wise kove to do with the noney you have saved up?
I suggest that if you want to invest in cryptocurrency, a separate money will be used there. It will be too risky to invest in crypto and if ever you tou will use your savings, I hope not, instead, use that for your emergency purposes. Having a separate money will be better so that without noticing the change, you will gain from it. I really want to know why it is risky to spend money in crypto currencies. As far as someone has bought a potential coin that is cherished by majority of investors, his money is not at stake. For instance, bitcoin is something that cannot be doubted now. It has made people millionaire. The only risk is losing faith and giving up which happens most of the times but investor is supposed to be blamed here.
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Despite the fact that China and Russia are trying to resist this topic, there is still the logic of financial and monetary processes. The world is moving forward, this form is a civilizational leap and there is no point in opposing it
These states that are avoiding bitcoin and rest of the crypto currencies are sooner or later going to surrender to the powers of crypto currencies and will understand that we need them in order to sit in the game of being most powerful. They are probably going to launch their own currencies which could be regulated by them in order to take tax from people. But it is not possible to resist crypto totally.
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People continue to keep the cryptocurrency in their portfolios, so we can not say that the investment strategy has ceased to be popular.
People would not ever stop investing into crypto currencies because it is ever growing market and on daily basis, we see new crypto currencies getting added to the market. People do trading with these virtual coins so they cannot stop buying and selling them. The current market is offering great deal for investors and I don’t think so people are in any way reluctant to invest into bitcoin in order to have fun later on.
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if I myself prefer to choose ETH rather than bitcoin because bitcoin price is so expensive and fantastic for long-term investments bitcoin more promising than other coins but my initial capital is very minimal so I switch to eth only
I would go with both Bitcoin and ETH. Both have been the top notch spots for investment since the start of the decade and have come a long way. So far Bitcoin has attracted record money of amount $275.1 billion and ETH is second in the list with 71 billion USD. This investment says it all that both Bitcoin and ETH are promising technologies and that is the only reason people have been investing in them.
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Hey everyone, Today we saw sudden fall on btc.so I was thinking is this right time to buy some btc or wait for more dip..what do you think.. Please reply in comment
You can buy now that there is a dip in price and wait to follow the trend back to the top after reversal. If you have fund to invest just do it now and receive massive profit. The right time to enter into Bitcoin market was few days ago as the market reached at 7k dollar while the market is also favorable these days as the market price is not so high and the value is below 10k dollar. This current market is achievable and cooperative to the people that made it easy for people to buy easily in the market at low price and valuable coins in large quantity. This of course looks the right time to enter Bitcoin. In fact you should have never left. The only way you can coupe with the red market is to hold your coins and never let it go in panic rather than leaving the market. Besides, panic selling contributes to the red market and further reduces the prices. And yeah you are now an experienced fresh guy in the market; you better play your tricks and plan your business models. Good luck.
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The wisest to do with our savings is we should have a good decision like one half of your salary goes in the bank while the other half will be saved for other expenses, you must know how to controlled and have a decision that you won't regret someday.
There are many good things that you can do with your savings and some of them are explained nicely by you. Well the amount that you can save always depends on how many people you are supposed to feed or support financially. If the number is not large, you can save great amount but if it is otherwise, you end up in borrowing from others. Saving is not always possible for everyone. Those who want to save, they need to plan their budget.
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I think it is a very common and natural mistake because everyone must have a factor that can make forget because there are too many passwords, and not backing up the private key that is given to see the wallet used.
This is the common error these days for losing money in the world of crypto currencies. This is at the same time very silly mistake on the part of investors or holders and they cannot blame anyone for this since they have themselves created tough passwords for their accounts and their wallets. When you are dealing with multiple accounts, what my suggestion is having same password for all accounts.
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really good adv from china goverment, making many investor in their country are very good for they, and making a new investor too at least country need 2% of their population are become an investor to making their country save in economic
China is already highly stable in economy and is among the most powerful nations of the world. If investing into gold or silver is going to make it richer and more stable, then same could be done by investing into bitcoin. The issue is that they don’t want anyone to work for himself or herself simply. They want everyone to contribute for country and shall not work for individualism. I want it to promote bitcoin as well.
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I think that I will earn more money and get involved in charity, if I feel good, then why not help people who are just starting their work in bitcoin. We can also help orphanages or people with small incomes, people in large families the same way.
For me a true wealthy people has a kind heart to make people happy which you can share your blessing coming from crypto currency. Being wealthy and feeling socially responsible are randomly correlated variables. There are people who are wealthy and responsible in the same time. Such people are the giver in the society. They actually believe in the redistribution of income and redistribute it by participating in different charities and by giving scholarships. Such people leads the society in a good direction that produce good individual both economically and morally strong.
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the way is to change our initial intentions before starting gambling. gambling is not for profit, but just for having fun only. that's enough to limit yourself, and not be very ambitious.
If every gambler would understand that thing, I can bet that no gambler would have to suffer the consequences of gambling because gambling would never ever become an addiction for them. People come for gambling with only one mindset that is that gambling will make them rich and their poverty would be lost forever but they are unaware about the fact that real poverty starts after joining gambling.
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If bitcoin where to become a world currency and which does not make you pay taxes, it would result to almost all governments collapsing. Government can exist because of the taxes paid by its citizens. It would be better for Bitcoin to co-exist with our current currencies.
Who does not want government to collapse? Well if we talk about the real situation, so we need to collaborate with governments in order to run state properly because there are thousands of theories supporting this fact that people need some ruling authority in order to stay in order and maintain peace. Sovereignty also belongs to state in many cases which means someone is needed to execute it.
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