Hello guys. I just want to ask for your opinion or an advice. I started trading since May 2017. I calculated all my loss, I already lost 50% of my capital  . Some coins are still in hold. I just want to ask what can you give to me an advice or any learnings about trading. I'm using bittrex. What I can say with this the losses you had encountered should be charged to your experience. Crypto Currency trading is really risky almost every minute the market do flactuates. Better study first the coin that you are eyeing to buy before you start trading. And also it is better to invest on the coins that is on the top of the market. I will not advice you to stop trading just be careful with the next investments you will make to avoid losses. |
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Taxes are mandated by the government and it is part of the law of each country to pay the appropriate taxes. Mostly this is done by legal entities who are registered in the Bureau of Internal Revenue and every transactions are all declared to the goverment so the taxes should be complied otherwise the legal entity would be charges with penalties and could result to cancellation of permits etc.
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Many of us here are saying, why is the cryptocurrencies market is getting a dump these days. Some are saying is because of the FuD, others are saying it is because of regulations laws in south Korea and India which is also child of FUD. But did you know that when ever you sell out of panic, you are contributing to the dump and you are also attacking the blockchain technology!
Selling out of panic mostly happens to the investors who are new in the market who are afraid of the losses. The massive selling of their investment contribute to the dump in the market. Even if they loose some of their investments they think at least not all of their investments are gone. The newbie investors should study first the market before investing and if they could not take the risk better yet do not invest. |
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I think it would recover and will rise soon. Crypto Market depends on the activities of the investors the dump mostly affect the volatility of the market. So for me i will just hold on to my investments and will patiently wait before i will sell.
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For me it is better to invest on both. Both Bitcoin and Ethereum are profitable and they are part of the top 2 spot in the crypto currency market. And I’m sure we will earn from both investment.
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Investing in bitcoin is not foolishness. People who invest are taking risks because of the possible returns that they are going to earn in investing in bitcoin. Even me i had invested and been holding waiting for the price to increase and i am very positive that my investments will earn a very good income.
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Yes that is already known characteristics of bitcoin. Long holding could result to a greater profit. Bitcoin started up as no value at all and now it has a great value and mostly early investors who patiently wait already earned a very good rate of return and for sure we will earn a good profit as well in holding our investments.
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There are tokens that has really no value because they are not yet developed and some other has a continuous growth and more investors are investing thats why they are surviving. There are new ICO’s are tend to be scams because some are just collecting funds and then afterwards they will not be visible anymore. So better yet study first before investing.
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Bitcoin will not die because of global regulation. The only thing will happen if it is regulated the government will implement the proper use of it and impose taxes for every transactions that we are going to do using crypto currencies and also there will be no more privacy because we need to declare the proper taxes for each transactions we do.
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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?
Based on my experience that method is good but if you are looking for a higher income on investment compare to time deposit better yet go for crypto currency. In bank deposit our money will only sleep for a very minimal interest rate less the taxes so all in all the interest is much lesser. Since i am a risk taker i had transferred my savings to crypto currency investments and so far my investments are doing good but of course i had still left some of my savings for emergency needs of my family. |
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Cashless Society most probably would happen in the next coming years. The convenient in using credit or debit cards are definitely one of the safest instead of bringing cash just like i am doing it is more convenient for me than to bring a lot of cash. Digital money can be a solution to avoid bringing cash when shopping and paying different establishments. There are countries now who are merely in the stage of cashless society. And I think that can reduce criminality (robbery) at the same time it is more convenient for us to do transactions.
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I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022), but the goal that it would be a legitimate alternative to inflationary government fiat currencies. When the altcoin market is examined, it is inextricably linked to the price of Bitcoin. Where Bitcoin goes, so does the rest of the cryptocurrencies. There's even somewhat of a dismissive attitude toward other crytpos in some investment circles; strangely this was a similar sentiment held by those "respectable" investors when Bitcoin was in its infancy.
What do you think? I'd love to hear from some crytpo veterans.
I can say no one can predict how much would be the value of bitcoin in 2022. Crypto Market is very volatile and anything can happen that prediction could possibly happen or it would be higher or even lower. The more investors invest and believe in bitcoin the price could possibly go up. And i believe that bitcoin would have a much higher value thats why i keep on holding on my investments. |
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I think that would be only time management. You should know your priorities and the most important thing to do. Crypto is really a great opportunity as source of other income and yet the regular job is important as well because of the daily salary we earn on a daily basis that helps our daily financial needs. So better give sometime to your regular job as well as the crypto to be able to balance both.
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I think it is their right to decide on banning the Crypto currency ads but of course if they will do that they had ever think of the income that they will loose in that decision? Advertisement on facebook are one of the sources of their income. So it means banning them would loose a higher income.
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Well for me it is better to teach our children to have a business mentality because even if they became a successful employee we do all know having employment could not bring us to to comfort that we are longing for in life. If we become a successful businessman we can buy what ever we want in the future and we can also help people who are in need. That’s why right now while my kid is young i am exposing her to different business opportunities and investments.
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For me there is no best time to buy or enter for asnlong as you have enough money to invest anytime you can buy bitcoins. It is just a matter of monitoring and analysis and also the readiness to take the risk. Proper management is the key to a successful investment.
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Hi there! I just need your advice. I invested the money instead of paying my school fees. Yeah, i know this is wrong because education is more important to us and it can't be stealed from us, i'm still studying but my fees will be doubled on the next payment. But i believe this will end a good result. What do you think about this ? Your advice will be highly appreciated. Thanks!
Well i think what you did is wrong you should pay your tuition first because education is the most important thing right now for you. What if your investments falls? If you really want to invest in crypto currency you can find other solution to be able to invest like joining the campaigns here in the net that pays bitcoin and other coins. I suggest to not gamble tour tuition fee specially if it was provided to you by your parents. |
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1. Do not remember electronic wallet password
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
Based on my experience these common mistakes I had done in the past when I was new in the Crypto Currency Market. I had already learned my lessons and I am very careful now with all those possible mistakes. Experience is really a great teacher. |
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You can pay with Bitcoin in several stores and even restaurants here in Germany. Are we the only one who have this?  There are also countries who are open in acceptance of bitcoin payment in stores just like in Japan. But there are countries who are not aware when it comes to crypto and still do not have enough knowledge and closed minded about crypto still do not know what a crypto currency is. As the technology becomes advance sooner or later more countries will definitely adopt the use of Bitcoin. |
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What blogs or channels do you prefer most when you need to get knowledge about crypto, wallets and crypto market? Just found hacker noon on medium and CCN website:) Can you share more?
To educate yourself you have read more and more and do research about crypto currencies. Actual investing / trading can give you as well an experience how to deal with the losses and risk. There are lots of reading materials in the internet and also this site is the number one example to read and you will learn from the members experiences. |
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