I also trade my altcoins with bitcoins as a source of bitcoin and money as well. In fact, my main purpose why I joined altcoin signature campaigns is to earn bitcoin and also because the chances of gaining more bitcoin by trading is higher than joining bitcoin signature campaigns.

Earning altcoins is more fun to me because I get to decide every move in order for me earn bitcoin. I also like learning and being in altcoin campaigns has showed me trading.

I keep my bitcoins using an online wallet.  Ever since I  joimed this forum I have been using online wallets but I think I will try online wallets because my friend told me that it is more secure and reliable.  I still remember when a certain online wallet site announced that there is going to be a problem with their site.

It caused stress to me because my bitcoins are stored in there.  Good thing,  I  was with my friend and he recommended to use offline wallets.

Analysis is definitely need when it comes to gambling. We can't just rely our faith to win in luck. Many people will say that luck is more important than analysis in playing gambling but I think its the other way around. Using analysis in the game will give better chances of winning and will enable the gambler to apply any method or strategy he knows.

I think there is a movie like that, in order to beat the house, the players look for patterns. It looks really amazing but I don't know if mathematics can truly be used in that.

That naturally happens, sometimes when you already sold your coin, the market price will suddenly go up. Also, sometimes when you need money or when you want to sell some coins, the market price will be on its lowest. I have lots of patience but I don't think my ways in trading or how I do trading is what really sucks.

I am continuously reading about trafing, hoping that I may come out with something that way I can help myself save money.

#JOIN

Bitcointalk username: crazycatwoman03
Forum rank: Full Member
Posts count:  359 (including this post)
ETH address: 0x9373c406b4C176330D7bD39D87eBF25BE76BB809

I totally agree with that. I have been trading and I have noticed and experienced the things you have mentioned. But I also want to add that there are times where trading altcoin is profitable but will also take time just like holding bitcoin. Altcoins are more likely to suffer a sudden pump and dump compared to bitcoin. I have also noticed that a little difference in the market price of altcoin have a huge different in price.

Another thing or reason why bitcoin is a goos investment is that its price is volatile. It means to me that the market price of bitcoin can continue to grow or rise just like what happened for the last years. Its volatility is what making it more important and more preferable than the fiat currency.

Investing in bitcoin is investing for the future and if I would be ask between banks and bitcoin, I am going to choose bitcoin.

Yes it certainly does. If the price of the bitcoin is high it is good for me to use it for gambling because it means I can win higher by using higher amount of bitcoin. Other than that, for a certain equivalent amount I will need less bitcoin.

I don't usually gamble with bitcoin and I really do prefer using fiat. The volatility will surely make me regret if I wasted my bitcoin for gambling.

I strongly agree with that. It is true that people, we, can be millionaires with the help of bitcoin. I know people who have been successful becase of bitcoin while some people is on their way. Bitcoin had given many people and is continuously giving opportunities to have a stable financial source ofnincome and to have financial freedom. This is really true because I personally know some people who have been successful because of it.

Before trading, one must first have a basic knowledge about. Without it, it is very hard to understand how trading is being done. Indeed, trading is not fun but it is not a joke as well. If you will not be serious about it, you should not also start with it. I believe that experience is the best teacher and in every failure we made, we are going to learn a thing or two. This is what happened to me in trading, I have made mistakes or errors but I make sure that I know where I have been wrong to avoid doing it again.

This is what most of the newbies do. Buying unnecessary things and spending for things that are not important. Others may treat these as gifts for themselves but for others it is just for luxury. It will be better to hold bitcoin now. The price maybe unstable and is very volatile but looking at the history of bitcoin will make you see that since then the market price had risen and bitcoin had been very successful.

When it comes to trading, it is very important to sell high and then buy at low price. Other than that, we can also hold especially if we don't need the money at that time. Another thing, what we should do is to hold our emotions. In trading, our emotions can easily be played off especially when monitoring the market price. If we are not able to hold or control it, a sudden change or decrease in the price might make you click the sell button.

Trading without caution and most importantly without knowledge will surely leads to loss opportunity in gaining profit

I totally agree with that, exchangers have high fees that sometimes it consumes the money you are withdrawing. As far as I know, it was not like this before the fees are lower and is on the right amount for the traders not to be concerned like this. Aside from that, one of my biggest problem also is the internet connection here in our province. I remember that time when a certain coin that I was selling was opened to its max price on another exchanger but because of the poor connection, I wasn't able to register and log in for two hours. At the time that I was logged in, the price of that coin is now already half of the max price. I was frustrated by that time because I just loss the good opportunity to sell my coins at a great price.

My biggest regret about bitcoin is that it was introduced to me last two years ago but I did not bother checking if it is true and trying it also. It was recommended by a friend but I thought that it is hard and I am also doubting myself if I can do what he was doing. If only I believed at that time, I must have save a lot of bitcoin and cash by now and totally be experiencing financial freedom. Lesson learned, now I am working hard to earn bitcoin while studying even if my schedule are tight and I have lots of school works.

Right, bitcoin is popular but will still get popular in the future and the more popular it be the more user it will get. Bitcoin is still not known to other countries but as soon as many people recognizes its value and importance it will be used worldwide. In my country, its use is not yet legalize by the government but many people used it already. In fact, I know some people who became rich because of earning bitcoin and another thing is that I think that if many people will be able to earn bitcoin, they will be able to support themselves.

I can't agree with that because I personally think that a person can save money while playing gambling if he nicely consider the proper allotment of his money into sections also called partitioning. Planning the consumption of your money and is making sure that there is an amount allotted for savings first will make sure that you have saved. After that, setting priorities of payments like bills, allowance and etc. If there is still some amount or extra amount left then he can decide if it will be used for gambling.

Right, the amount of coins that will be hold totally depends on the owner of the coins. Why such asked an obvious question anyway? Things like this should be personally decided by the owner and not be recommended or should not be asked for recommendation from total strangers. It definitely depends on the owner whether to hold all or just a part of his coins.

Maybe the OP was comparing bitcoin and gold regarding their values or the market prices. We know how valuable gold is when it comes to the physical world. In fact, many people is so much interested in gold and some people fights over gold. When it comes to the digital word, bitcoin is a very valuable coin just like gold. It is the most popular digital currency and we know its value in the market.

Both bitcoin and gold is very important and valuable, the difference is that gold is more known by people than bitcoin. Not all people knows about bitcoin as well as the other crypto.

I agree with that. Frustration betting would likely leads to money loss. A gambler should just stop playing if he knows that his mind is not clear and is most likely be to reject loss. Because of frustration, he might loss more than the allotted money for playing gambling.

I agree with that. A trader should still seeband check the market prices even if he had set his order already. What commonly happen in trading is that the trader sets the order and then leave it off. He will check it and then see that the order has been processed. Sometimes, the market price will get higher than the set order which makes it feel regretful (a little bit) that the price order was set lower.