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Dear all,
After I received hundreds of bitcoin and crypto adds on my social media I decided to join the forum to find out more about this blockchain technology. I found this forum huge and have no idea where to start. There is so much to read about. I could use some help to point me to the right direction to catch up with all this stuff here. Any help would be much appreciated.
You will be prone to scams. I would suggest that you find a friend that you trust and ask for his help. That will be the easiest way. Also, buying bitcoin depends on your country. |
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Bitcoin has gone through a lot of hardships. And will be going
through more in the future. The technology evolves as forks
happen, while pump and dumps are interesting too. No one can tell
what's next but I see that there's a lot of opportunity in this
currency.
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I would go in real estate investment. You can make a house for
rent or an apartment. That could sustain your daily needs. You'll
just have to wait every month for the rental payment and do
whatever the fuck you want.
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One of the skill for a trader is taking advantage of new opportunities when they arise, like saving money so there will be enough cash to trade when dip happens. I would like to make two suggestions: 1. Make sure you have money during the blood bath. 2. If you take profits, offset a portion of the gain by also selling loss position[1] [1] https://www.investopedia.com/articles/02/022002.asp |
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People who are disappointed in trading are the one's who expects
easy money. Well, there's no easy money in trading. You might
become lucky, but had been greedy and when the dump comes, you
might not be able to control your emotions. Such things happen
for people who lost a lot of money. Crypto trading is not only
people but bots and some groups who can make a significant change
of the price.
I'm not disappointed in trading. I enjoyed it. Going through the
waves, selling at a high price, hodling for a very long time
because of crypto crisis. Sticking to the plan. Learning from
mistakes. Building my own trading strategy because I've just
realized technical analysis don't work. That's my opinion.
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There is only one basic rule in trading: buy low and sell high - LoL.
But to achieve this you need to study, you will not learn it here on a Bitcointalk thread. Go on youtube and look for trading tutorials, spend weeks studying the issue before risking real money.
Yah try start trading from small capital investing in coins with promising growth. Get into coimarketcap.com. Spend time every day here at this site analyzing every coin's growth trend. Split your investment categorizing the coins from cheaper rates to costly ones. Separate coins for long term and short term investments. Start with minimum. You know when to buy and when to sell. Beside I think new traders can get help from trading signal group or trading tool like Gunbot as well. It make trading seem much easier for new trader cause they know the good price to buy and sell. But there are a lot of trading signal groups but not all of them are good moreover Gunbot price is a little bit high but it's really good  ) Don't trust those trading signal groups. Usually the coin has already pumped after they announced that it is going to pump. So, check before doing something. Though, I found the news that they sharing are sometimes helpful. |
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You can learn how to trade by trading, obviously. You can't learn
by not doing it. As you do more trades, you'll eventually develop
your own way of trading. Learn from your mistakes. Learn about
technical analysis. Read the news. Avoid trading with your
emotions. Don't trade when your angry and drunk. Good luck!
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You can get trading signals from your experience, not relying on other
people's opinion and news. Just dive into trading. After that, when
you made mistakes, make sure you learned from it and as much as
possible don't make it happen again. Compile all your learning and
share it to us.
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Bitcoin is getting banned in jamaica heard recent news about this ban, stated by the Bank Of Jamaica avoiding this virtual currency called bitcoin. if you have anymore news leave in post below. 👍 respect. Another source of information that I used to refer is this https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territorySome peole just use fake news or FUDs so they can buy cheaper price. But the current trend get's cheaper and cheaper. It's difficult to prove the original reason though. Anyway, the people I know who still hodling bitcoin does not anymore care with the news. |
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If your not sure You can use dollar cost averaging. This investment
strategy goes like this. For example, I have $1000. Every day I will
buy bitcoin worth $100 dollars no matter what the price is. I will do
this everyday until I spent all my $1000.
In this case I have bought more shares when prices are low and fewer
shares when prices are high. This does not guarantee that I won't lose
money on bitcoin but this will reduce the risk compared in buying
bitcoin worth $1000.
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Siguro kung ako tatanungin, maganda kung gagawa nalang sa dalawa ng wallet at hindi lang sa isa. Para kunwari sabihin natin na kapag namaximize muna yung withdrawal amount mo doon sa isa, pwede ka pa magwithdraw doon naman sa kabila.
Maganda tong idea na to. Useful to sa mga mag wiwithdraw ng mga malalaking halaga. Monitor lang natin baka merong lumabas na mas maganda pang feature sa isa sa kanila na mag ka benefit tayo. |
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Post lang dito mga experience ninyo sa bitbit.cash. Kung ano ang mga
features nila compared sa coins.ph.
Maganda bang gamitin ang bitbit.cash?
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Bumili ulit ako ng bitcoin at $8260 level. Hindi pa siguro ito ang bottom pero para safe lang ng konte. Pag mag deep pa ng $7000 level bibili ulit ako. Once makita ko na mag start na sya to trend upward then all in na.
Kayo guys bumili naba kayo habang mura?
Hindi na maka bili kasi wala nang pambili. Hodl lang muna hanggang makaraos sa ilang araw nang bloodbath. |
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Di naman sa dinidiscourage kita. Pero kasi malaki din babayaran na kuryente napag nag mine ka dito sa pinas. Tapos may chance pa na masira dahil mainit dito satin. Try mo nalang ipang gaming or ibenta para kitain mo din. Matagal na pag mimine ang.kelangan para kumita ka. Parang mas okay na mag trade. Pero nasasayo padin kung trip mo talaga mag mine wala namang masama mag try.
sangayun ako sa sinabe mo kabayan. hindi mag fifit ang mining dito sa pilipinas. kung ako sa iyo sir mag invest ka nalang ng bitcoin. Kung nakatengga lang din naman yung video card nya, pwede pa yan pang profit. Pero kung bibili talaga sya ng video card para mag mine, hindi na practical yun. Imbes na bumili sya ng video card, mag trading nalang sya. 30K yata ang price nun masyadong mahal.Mahirap bawiin ang ROI sa video card ngayun. |
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Guys meron akong GTX 1070 ngayon kaso nga lang eh dual core lang ung PC ko. Plano ko sanang mag mine. Gusto ko sanang malaman kung anu ung experience nyo. Kelangan ba naka i7 ako para makapag mine ? And tingin nyo magkano ung kikitain ko per day ?
Yung mga katrabaho ko ay nag mamine. Hindi naman kailangan mabilis ang computer mo basta mabilis lang ang video card mo. Pwede na din yang 1070. Pero compute mo muna yung bill mo sa kuryente at baka lugi ka. Eto gamit nila https://www.nicehash.com/Mga altcoins yung minamine nila at convert deretso sa BTC. Meron naman mga guides sa nicehash. Basahin mo nalang. Maka profit yata sila ng 100-250 pesos per day. |
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Now the price is low, I think I will buy in bulk. Be sure to have an extra money if the price goes down more. That's the lesson I learned during the bloodbath. Too bad, I was stuck and I couldn't sell because the price went down. Trade at your own risk mate. |
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It would be too complicated for a regular people if you tell them how
it works. Tell them that bitcoin is a currency and you can
use it to buy stuffs over the internet. It's that simple.
I remebered how I introduced bitcoin to my parents. the thing is, they were wondering from where did we get our funds from, and i said, from doing jobs in bitcoin forum. They asked more questions regarding this and I really did not know how to explain it in simple terms. I just said that bitcoin is a kind of currency in the digital aspect. in the physical world, we use paper fiat for payment, in the digital world, we use bitcoin. in the forum, we are paid in bitcoin for promoting ads (campaign) that my friend, made them understand (at least somehow) how bitcoin works and how we earn from it. Just teach old folks based on their level of understanding, be patient with them and also analogy works! That's nice story! I like it. If I can just give you merit for this. Thank you. Let me tell you another story. The father of my friend just got in to trading because my friend told his father that bitcoin is like a bank wherein your money grows over time. |
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i think yes
high fees and confirmation delay are killing btc
This is going to be fixed. Devs are considering these problems for a long time. Actually we are paying lower fees now compare before. I really believe on cryptocurrency and since ETH is a good alternative coin, i think it will soar higher this year but of course bitcoin will do the same thing and will remain on top. Invest on great coins which you think have a great future 1-3yrs from now. I agree with you. Since there is a race in replacing bitcoin. There are some altcoins that has great potential too. Today would be the great time to buy and hold them. The problem is, which coin? That would be a personal choice though. |
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