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Bitcoin and crypto currencies in general are helping me a lot to get an extra income online. Before working with this crypto I encountred so many financial problems and tried many methods without real results. Now I am earning good income monthly from trading BTC and altcoins.
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Bitcoin price is expected to go up highly in the next few months and years, so personally I prefer holding my BTC actually, until the price go to the moon again. However I am selling other altcoins and tokens when I need cash money or buying something online. The BTC price already started to rise again slowly since few weeks.
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Well this is a good amount to invest in crypto currencies. If you choose the best coins and projects you can make good profit in the future. Try choosing the most promising coins like Bitcoin, Ethereum, Ripple and Litecoin. And invest some part in the most powerful ICO projects as well. Diversifying the investment will minimize your risks.
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Thats depending in the coins themselves, I study carefully my coins or tokens, and if I know that the coin is valuable and it have a potential to rise highly in the future I keep holding, even if the actual price is high. But if the coin haven't such potential, I sell whenever the price go up.
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Trading is just an additional job, in my opinion. I can't leave my real job for trading because that's very risky. Trading involve many risks and its income isn't stable , you can earn and lose everyday depending with so many factors. So it is better to keep our real jobs while doing trading as well.
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There is several ways to get Bitcoin, the simplest one is buying BTC from the most trusted exchangers (there is a lot of them online). Otherwise you can mining if you have good budget and cheap electricity, or selling your services and goods for BTC. You can also participating in the signature and Twitter campaigns.
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Investing money on Bitcoin is really profitable in long term, because the price is expected to rise highly in the few next years, so the holders have a good opportunity to sell with highest prices and making huge profit. But it is always better to diversify the investment among many crypto currencies.
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Bitcoin is indeed money, it is real currency used by so many people online to sell and buy goods and services, or for trading as well. The problem it is not yet supported worldwide and it is not yet known by the majority of people around the world. Also governments and banks still fighting BTC and supporting only fiat currencies.
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Bitcointalk username : dzhan Link to your bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=101604Forum rank : Senior Member Current post count : 417 Wear Signature : Yes BTC address : 1HvcLZr5LFjhhSp9jBseR8LdLKS1UgVXaB ETH address that supports ERC20 tokens : 0x78F12bd91A342bF53BA799Dc767Bd50e6F60BaF7 |
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I am holding both of them, but currently BTC price is very high so I can't easily buy more everytime, I focus more with Ethereum, because it have good price and it is a lot cheaper than BTC nowadays, but it have very promising potential, and we predict that its price will go to moon in the few next years.
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I don't hold many coins but I trade everyday almost, holding can give us good income but we need to be a bit patients because its asking time, maybe even several years.
In the other way, trading is giving us fast results and earnings, despite its high risks. So personally I prefer trading.
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We should focus more on saving and holding BTC rather than selling, because Bitcoin's price is expected to go up highly in the few next months and years. Bitcoin's chart since 2010 show us already that this crypto currency is increasing highly year by year, so the best decision is holding for long term.
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ETH is very promising coin, it ahve the best potential among altcoins. I don't know if it will reach Bitcoin's value but I am sure that it will become a lot more valuable soon, and its demand is going to become very high, since its essential for creating or investing in ICO projects.
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Bitcoin is already reducing jobless and unemployment in so many countries around the world. I am not sure if it can eliminate unemployment but I know many poor and unemployed people working with Bitcoin and getting a stable income from their works. It is giving so many opportunities for this people since its available worldwide and decentralized.
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Well I use mainly this forum to get the lastest news and updates about Bitcoin and crypto currencies generally. But I also use Twitter because I follow some active traders and bloggers and they post the most interesting news in their Twitter accounts. I visit some crypto related blogs as well sometimes.
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My greatest fear as a Bitcoin holder is if Bitcoin for some reasons lose its value or that its price drop down badly. This will affect my investment because I already bought with high price. Also I fear that I lose access to my wallet despite I get the most needed steps of security.
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There is no way to trade without losing. Trading involve some risk always and you need to accept this fact before starting your experience with this field. You can minimize the risks, avoid the biggest mistakes, and make your earning percentage bigger, but you can't trading without losses.
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Thats for sure. Its already profitable compared to a few years ago, so we expect easily that it is going to become a lot more profitable in the few coming years. The price is already going up fastly, and also the Bitcoin's community keep growing rapidly as well.
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I can't imagine myself taking this dangerous risk. We all know that Bitcoin price is very volatile, and not stable, and despite the high rising of its price recently, but it can decreasing badly as well anytime. So I think selling your house for investing in BTC or crypto currencies is a very risky decision.
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