I think the best way to keep your Bitcoin during fork is on hard wallet or paper wallet. But since I don't have any of this, I decided to use my Bitcoin to buy more alts during fork because that is the right time to buy more alts due to cheaper prices. I will wait till its prices rise again after the fork. I don't suggest that you keep your Bitcoin on exchange wallets. It is too risky for me. Better to put it in an offline wallet or downloadable wallets if you don't have hard wallets or paper wallets.
Such a much secure manner of holding is not required. On my view, it's good to keep hold in whatever the wallet might be with the private keys in hand. Importantly during the past fork too, mine were in the online wallets and periodically they used to give notifications that so an so not be done till the targeted time. Finally everything was safe as it was there before the fork, this time too all my holdings were on the same wallet. |
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I do hold only considering that the market may not fall further. If it continue falling than better to sell the coins and later buy at the lowest price and make some profits in between. Like at present it is a short fall so hold is a better option. Holding is the right pick, but here to risk is there. I understood it recently after investing into an alternative that was increasing regularly. At some point the price started falling, but I had the hope that it'll increase again. All of the sudden the coin was no more available in the exchange. By such instance we can't do anything just accept the loss. |
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Investing in dogecoin is like throwing money in a dumpster or burning it because it has no future use which will be forgotten as days pass by
Once this has been much popular, but when days passed due to the lack of support and more other coins growing with potential it lost its capital circulation. Even now what happens with the cryptocurrency world is unpredictable, so it's good to invest a small amount and diversify into other assets too. This might give a combined profiting. |
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I think you posted this thread too soon, because now the price has risen again very high.  Once again the same gas been taking place. Most of the assets were found declining in value along with bitcoin, now bitcoin has gone close to $5750. Hope the trend continues for some more time period and will start pumping towards the price from which it started to decrease once after the fork. |
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Price drop takes place, but none is clear about the range of the drop. How low it goes is unpredictable and from my personal thinking price will surely retain even if something continues to take the price go low same as that happened from the past till date. So price decrease and increase is common, what need to be focused is the resistance to grow stronger.
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The best short term earning that I made is through the ICO asset. It happened recently when the token distribution begun, the price started to pump higher in a small time period providing the profit. Lucky people converted to fiat and bitcoin, rest who ignored expecting for bigger profits missed because of the over expectation.
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There's no surprise in the price of bitcoin because the market is based on pure speculation. Maybe today we have a breath of good news that's why the price is going up today, but a sudden negative publicity will turn the price red in matter of minutes or hours if investors panicked. So that's' one reason as to why the price moved so much. Then there also the basic economic law, supply and demand. If the supply is limited but the demand from the market is big, then it will moved the price as well, and so as the opposite, more supply less demand equals low price.
As its a speculative asset any changes might take effect without any prior signals causing price increase or decrease in no time. Apart from the speculative move, the increasing flow of bitcoin with the local fiat too contribute to the growth which is the real or the gradual growth. Next the supply to demand availability as explained in the above quote contributes to some extent. Altogether in a combined manner the growth looks high taking place in smaller time. |
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Not only bitcoin, each and every digital currency has the unpredictable nature. So, one needs to know the limitations in holding, because the price might increase anytime as well decrease in unexpected time. User need to buy or sell at the right time to gain good profit, which is possible only by fixing a target price and doing all exchange activities once reaching the specific price.
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A major reason behind this is the upcoming bitcoin gold fork, people know what happened last time and don't want to pass up the opportunity for free cash.
Rest assured this will change once people have got their gold and start moving back to their alts.
But i do not think that it is conform that even this time people will get free bitcoin gold. Although most of the people are expecting it but i think that it is not conform. I think the present increase in price of bitcoin is also because of the speculation of the people about bitcoin cash. I think after hard fork we can expect a little correction which will drop the price of bitcoin to a little low value and after correction the price of bitcoin will once again start increasing. Price correction takes place, along with that people getting bitcoin gold into their wallets too have increased possibility. This has been speculated by lot many users around the forum, from the combined data majority users mentioned that bitcoin gold gets distributed. This is not the dominance. This is all about the periodic growth and in reality no other assets can dominate bitcoin. |
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Well nowadays there is no such thing that is secure in internet from the hacker so i think bitcoin is not totally secure so its still better to take some action of protecting and having a tight security in bitcoin. You cant tell when the hackers strike. Thats the best way to do is to double your security and take precautions .
if I know the bitcoin may not be completely safe, because every online job there must be a risk, sometimes the risk is in front of our eyes, so we also need to be careful again to be more secure. With each and every form of online activity risk can be found in a much large scale than in lesser time period. It's the users self responsibility to be secure and try making bigger profit out of the same. Hackers keep roaming around to make easy earning which needs to be sought. |
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I don't think that a payment system can be considered as an invention of the century as their is no revolutionary thing that it did nor did it solve any global problems about the payment system. For me the invention should be beneficial not only to you but also to other people like an invention that can solve global warming or to even eliminate some kind of pollution that is destroying the earth. Bitcoin didn't solve anything nor did it improved the payment system we currently have.
When it's considered as an payment system it gets used as an payment access provider. Same when considered as an investment, then it can be kept safely into a wallet and can withdraw the profit in short term or long term. It has improved the growth in several forms, for which I believe it as an innovation though it doesn't have a large user base similar to fiat at present. |
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Definitely Bitcoin still can go up. Market is still young and if you look at the area Bitcoin saturated, it is quite small compare to other big company. So I believe Bitcoin will still go up and can even multiply in price and area saturation level. We just need to wait and see how it happen.
Yes, bitcoin easily moving forward making a big growth overcoming all the issues that arise in between the growth period. Recently it took the lead in terms of market capital crossing the growth scale of other top brands and the corporate firms. This will surely pump higher than the present as the entire future is completely gonna depend on blockchain technology. |
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When will BTC value be $10,000 take a guess When do you think? I have all ready made 2 post with each target, the fist target was to reach $2,000 usd and it took almost 42 months to achieved that goal from the date the thread was made. Here is the 1st thread https://bitcointalk.org/index.php?topic=359105.msg3842063#msg3842063On the second thread the target change to $5,000 usd, and it took less than 5 months to achieved it, from the date the thread was made. Heres is the 2nd thread: https://bitcointalk.org/index.php?topic=1928740.msg19145735#msg19145735Now this is the 3rd thread asking the same question but with a target of $10,000 usd So what is your Guess? Do you think it will reach the 10K? and when? That was quiet a good guessing though but somehow an expected thing to happen. 2-5k price is reachable on a short period of time but talking already on $10k then it would really takes time for sure.Thinking off that bitcoin is just still 8 years old but yet we are still on 5k mark how much more on 10k? doubling it on a short period of time is not possible but well anything could happen but for sure it would takes years. Yes, to reach $10000 or more we need to have patience. Everything won't happen as expected, there too unexpected scenarios prevail. Looking the growth happening with reference to time move, can assure that the value of the bitcoin will increase. It doesn't mean a big change to the bitcoin network. |
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Saving bitcoin for children is a good thing. But while doing the same, user should keep the children informed about the bitcoin and the way it's been in the wallet. Life is uncertain, so it needs to get used. Also in future the entire financial system will be on the cryptocurrency. So by that time children feel easy to use it.
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I think bitcoin is an asset,because the value of bitcoin keeps increasing.If you hold bitcoin for long time you can have more profit while you sell it.
I think bitcoin is both asset and currency. If it's currency, it will the best currency with safe, fast and easy. If it's asset, it will best invest your money on this for future. Truly speaking bitcoin has got varied features, and the best it is to use it as an investment from my opinion. Different users have difference of thinking and make use of it for different purposes. As a currency it haven't gained more importance, but the same is growing slowly. So, as an asset for large volume transactions and for market exchange purpose this has been prioritized as an asset. |
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Being a day trader is not that simple. Lot of users get I to day trade leaving back their regular job. This completely gets them into big risk, because with day trading one needs to be active as well needs to have good knowledge about the market variations. Whereas with holding all that required is a capital to buy and the increased security enabling to keep the bitcoins in a much secure manner as it can be viewed after long term.
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However user keeps him active, one cannot easily get rid of or minimize the loss, because the price moves happen in a short without any prior notification. So need to try making the profit out of it, but the same when doesn't give success just focus on holding and use the right opportunity in future. Some sells suddenly without thinking anything which is not good decision.
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Mainly because of profit which it brings. For sure trading could give them higher earning but it is simultaneously much harder and you need to pay attention + spend you time. Long time investment are more comfortable, you only buy crypoto and hide somewhere for few months/years. Then sell and repeat doings.
I disagree with you. We cannot always guarantee the price hike of the coins and even for bitcoin. I am willing to make a long time investment but unlike you I wouldn't just depend for the volatility of the coins in going higher and higher so that I may earn profit. Trading is still much better for me since I can control whether of I am going to earn or not. Another thing is that while waiting for the profit in my investment, I prefer earning bitcoin at the same time. Yes that's true, rather than just holding its good to make an additional profit with what we have in our wallet. The price growth on long term holding gives a profit, but the trading involvement will surely benfit bigger. Also we're not sure of the reality after years, so making use of it at the present seems effective. |
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Believing in bitcoin has made me follow my dreams that were impossible to reach with the earning that I make from the regular job. Trust in it and the same will surely make the most out of it. I wish to be the believer same as that the 39 year user who has converted all his assets into bitcoin targeting 2020.
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