I think that the logic is prety much clear. You buy Bitcoin at the phase when the price is falling, when the market is in red. Depends also how much funds in what period you have available but to my opinion it's good to have some funds alocated for such situations to use the opportunity to react when the price is low.
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Because we have many traders without knowledge we have so much disappointed people with trading and cryptocurrencies. Wrong decisions, too eager behaviour, lack of recovery strategy, too much emotions these are often the consequences of trading without knowledge. You might have beginers luck but this can't last for long and sooner or later you will face some loss and you will not know how to behave, what to do and maybe the worse what exactly lead to such situation. So trading without minimum knowledge at all isn't the good idea.
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Some think that volatility could be controled or even that is possible to make some manipulatuons with price. I don't think this is possible and this are only conspiracy theories. I beleive that Bitcoin is independent, decentralized and that will stay so. And volatility is natural part of Bitcoin and can't be avoided.
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I don't agree that cryptocurrencies kill people. Every problem that is related to cryptocurrencies is caused by people only. If you make bad decision and end up in problems or huge loss that is your own fault, not of the cryptocurrency, you can't blame crypto for that. People have to be aware that cryptocurrencies have certain risk and it's their own decision if they are able to handle it, they can't blame someone else.
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In the widest sense every investment is a kind of gambling. You are risking your funds for profit but without any certainty that you will get it. But in fact trading and gambling are not the same. I would say that trading is a virtue that takes a lot of time, knowledge and expertise if you want to be successful. With gambling I would say that you are depending on pure luck. But the problem is that many traders have the approach to trading like to gambling and they end completely burned out, disappointed and without money.
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Honestly, I don't expect some rapid movements of the price, at least not in the upcoming period. Although the Bitcoin price is hard to predict and many factors could intiate sudden change I think that in the next couple of weeks the price will remain in between 7500$ and 8200$, don't think it will go further than this. For some biger signs of price recovering we will have to wait for a while.
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Governments will not control cryptocurrencies in the way you are saying. You are mixing things. KYC doesn't mean the control of blockchain and centralization, this is impossibe. The measures that governments are taking or trying to take include defintions by law and customers protection, misuse of cryptocurrencies, dividing legal from illegal, control of exchanges and other business entities that deal with cryptocurrencies and similar. People, don't spread panic and false information.
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I'm not a Muslim and not so familiar with that faith but I don't think that Bitcoin or cryptocurrencies are forbidden for them. At least I haven't heard something like that so far. Maybe in some extremly radical opinions. Like some here has said if it's not connected with gambling or some dishonest behaviour it shouldn't be forbbiden.
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This question is kind out of scope. Bitcoin is volatile by its nature and it doesn't behave like fiat currencies. You can't expect stability and predictable price, it's not functioning that way. Maybe the best way would be to watch at Bitcoin like at any other type of investment and investors' profit depends on volatility.
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Regulation will not kill the crypto and that is not even the intention. I'm aware that many users don't actualy support regulative efforts of governments and central banks but I'm convinced that can bring some positive changes for cryptocurrencies and get it even more accepted in wider society. It's important to understand that regulation can't change the nature of Bitcoin, it will continue to stay decentralized so there is no fear of control in that sense. Think that the fear of regulation is exaggerated.
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You have to finish your college, you need education. I know that playing with Bitcoin it's fun and profitable but you have to keep on your mind that doesn't always have to be this way. Bitcoin is volatile and risky and there is no guarantee that you will be able to make for living only from Bitcoin. And you don't to want to be ignorant, right? Education is something that no one can't take it from your and with good education you can make great opportunities in your life. And Bitcoin will not go away.
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This was a long time ago. I started in 2013 and didn't know much. Actualy I can say that my experience with Bitcoin started accidentaly. But very soon I got very interested and learn a lot along. At that time Bitcoin wasn't popular like today and the community wasn't that big. But this early experience helped me a lot. I've made some beginer's mistakes too but I guess this is the part of experience and has to happen.
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I guess that everyone is dreaming about geting rich with Bitcoin. But to my opinion the bigest problem is that most people think Bitcoin is easy money and that anything can't go wrong. This is not true at all and that is the reason that many end up disappointed and quit Bitcoin. Like with everything else it takes time. You have to be in Bitcoin world for a long time and get a lot of experience to achieve something serious.
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We can't know that. Maybe it will fall, maybe it will continue to grow. If the Bitcoin price could be predicted with such accuracy then no one wouldn't suffer a loss and that is impossibe. I agree that the current rise we see could only be temporary and the price might fall back but still it's hard to predict what would happen next week.
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Thank Slow death, Actually I posted this in the "mining section ( Mining support )" and a moderator moved it to this section. My bank has no problem with my corporate account and having funds received from mining deposited. The problem lies into converting the crpto to U.S. dollars then having those funds deposited into a corporate account. I can deposit funds all day long into my personal account just not my corporate account. this is a bureaucratic matter and you should ask the bank or hire a lawyer to solve your problem, is easier this way because here you will not have the necessary advice to solve your problem. many people have the habit of asking questions here in the forum and forget that in real life they can seek better help. You can go in the mining section ( Mining support ) and ask that question, maybe they will have the answer, but my advice is seek advice from a lawyer and go to the banks to consult And what about taxes? This is also one of the fields you might have problems with. This mining profit is probably treated as an income and obliged for taxation. Also if you will have often such deposits this still might rise some suspition in your bank and they might start to ask additional questions. When it comes to company accounts they are usualy much more strict. You should be prepared for such scenario also.
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If you have good, big idea that is predicted for success and that comes on the market in the right time maybe you don't need such big capital. Of course you need some capital to support it otherwise you can't make it real but people will recgonize good and quality potential and at the end this idea will finance itself. Than it's important to invest the profit further to keep this idea running.
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The high the price, the harder to get one Bitcoin. It was easier beft, when the Bitcoin price wasn't so high because some Bitcoin paid jobs or signature campaigns, translations were much better paid so it was easier to get one Bitcoin. Today that is a lot of money and you should work or trade very hard to get it. But if you set a firm goal and you are determined to get there, after a while you'll have one Bitcoin in your wallet.
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And who can tell what the peak is? In one moment Bitcoin has achieved 20000$ but that doesn't mean this is the top price. Don't forget that Bitcoin is still rather young, cryptocurrencies are yet to take its best position so there is a lot of space for development. Price is defined by the market and the market will set the highest price in one moment but how much this is going to be and when this is going to be no one can't tell.
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Does it means that its necessary to have a loss? I don't think so
Sooner or later you will have some losses, that is inevitable. You can't always only win, no matter the good strategy and knowledge, for various reasons you will fail sometimes. But the problem isn't in failure but how you deal with it and do you have some back up and recovery plan. Biger investment is potentialy biger profit but the loss also, you mustn't forget that.
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It's possible but it's hard. You can start by earning some investing capital by signature campaigns or similar and invest that further to get the profit. But this is rather small amount and the profit from the investment will not be big. Also you have to count on some losses too. I would say that only few could make to earn something significant on that way and you will also need a lot of luck.
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