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For me trading is the best way to grow my coins as I am into trading since long time and making good profits regularly no doubt even I make loss sometimes but that can be recovered again.
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I got it for the hope of it going up. I really wish it happens, and I hope there aren't 9 numbers (0.00000000) just because the creator wanted to randomly put nine numbers there. If Bitcoin would get to $100m, a satoshi would be equal to $1. Insane!!!
Lol I think there is nothing wrong if you use bitcoin and hold it to profit from rising prices, but if you wait for the price to $ 100m then you will be useless bitcoin hold until the end of your life, make rational purpose dude Yeah everyone is dreaming for higher price but we should also think of that price that is realistic and is achievable in future and I am sure no one has that level of patience to hold their coins till it reaches in millions. |
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I think its really worth to put money in promising altcoin as it can give you good profits in quick time but before investing you need to do a good research and after that make sure that you choose a right coin.
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Firstly check the market, EHT can not be the most smart decision - there are a lot of pumps. Better choose really strong altcoin, which price will go up. But if you want to wait for 1 - 2 years, it will be very hard choise. May be you can try Monero.  Exactly if I have to invest my money at this stage in any altcoin then I will definitely go with monero as it has potential to survive in long term and it also involves many promising projects in future which will take its price to new level. |
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I have 1 btc and I want to invest it in some Altcoin which has good potential so that I can multiply my invested btc.
Kindly share your advice in following format.
Altcoin name :
Current price in bitcoin :
Exchange where I can buy :
Your reason why I should buy it :
No too lengthy replies with technical jargon please.
I see that buying ICN is very trending these days and it is an interesting fact that it hasn't been distributed yet to the ICO participants. Yeah ICN seems to be promising at a moment and we can expect higher price when it get listed on exchange site but its good to diversify 1 btc and invest in different coins like ETH, ETC and XMR. |
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Ethereum is good altcoin this coins is also a strong coins like bitcoin and its popular so dont be afraid to invest your bitcoin here because ethereum have many project and have many coins affiliate in ethereum so this is a good altcoins.
That's right we can afford to have faith in it and invest our money into it as it exist since long time and it will not disappear easily in future and if we hold it bit longer then it can give us some good profits in coming period. |
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I never miss the right time to sell as I will only sell when price goes higher then my buying price and if its giving me profits then I will surely sell them but scenario is not same while buying as you never know how lower it can go in future.
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Holding bitcoins for allong time is not really profitable because i know that bitcoins are not made for holding they are madefor investings and that is
the thing you have to do with it.
I once read a story someone becomes rich with bitcoin. When in 2010 in which the price of the bitcoin is very low, he bought some of the bitcoin and save in the wallet. When in the year 2013 the price increase until it reaches $1000, he recalled that he once bought some bitcoin. so I am sure, hold bitcoin for long term it's very good. because bitcoin still has a great potential for price increases in the future. but it all depends on the amount, because the current price is quite expensive, compared to the year 2010 is still very cheap. Yeah and holding can give you profits only if you have higher volume of coins as we cannot expect that price will rise as it went high in the past, so if you want to make good profits with holding then make sure you have enough coins. |
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I put most of my money into bitcoin how about you?
Then you are stupid, as bitcoin prices changes very often, so it can crash one day and you will have nothing, that is reason why i don't put all of my money Yes and if you are putting all your money at single place then you are putting your life at a big risk as we all are aware that bitcoin is an risky investment and anything is possible with in future and if price goes in negative direction then you may loose everything at once. |
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I dont think you should start trading with a small amount because you wont make any profit with just small amounts if you want to make money with tradings you need to deal with more.
Not everyone can afford to start trading with a decent amount. Especially for rookies just starting with trading it's important to not go big from the very beginning. You need to keep in mind that you'll make a lot mistakes at the beginning, and thus starting with low amounts is a must. This must be a right suggestion. Mostly when a newbie enters into trading he will trade similar to gambling with more greediness. A beginner must trade with very small amount, but they are preferring to have big profits and want to trade with the big capital from day one itself. Moreover, everyone wants to become a profit making trader from day one itself. Yeah and many of us thinks that making profits in trading is very easy but the reality is totally different and if you are new to trading then its always good to start with a small capital to minimize risks. |
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Unpredictable is good word. When you are in.trading business things can go so smooth and you are making nice profit but very soon this can change and you start to lose or getting nowhere. There is no proven strategy that will ensure you to be profitable all the time.
And if you want to earn some substantial amount you need big starting capital.
for me trading is one reasonable job. trading like any other job. oh yes, trading does not require a large capital. we can start from very slightly. for example, we can trade altcoin to conserve our capital. yes I agree unpredictable but having knowledge and experience would definitely up your chances when trading. you may lose some, but from experiences the movement of the coins will not be negative all the time yes that is right that trading is unpredictable but for those who have no experience and having no skill of trading as there are so many people who are really good in trading. and their prediction in trading is also very good. There is no way to predict everything all the time, there are always things that we cannot foresee like sudden economic crisis, natural disasters, business doing fraudulent things, etc. Yeah and no one can predict exactly what's happen gonna next even the experts may make wrong move by taking wrong decision which can result in loss, trading is surely an risky business. |
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Bitcoin is better than paypal when it comes to security. There's 2FA in Bitcoin, signed message, email verification, etc. And the person you're transacting with cannot secretly dispute his payment before 180 days. The only advantage of using Paypal over Bitcoin is that there are more online shops that accepts paypal than bitcoin
Exactly, Paypal is more popular only because it exists since long time and more people are aware about it as almost all online shopping sites accepts Paypal but things will surely change in future. |
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to me i am only going to hold bitcoins for the price increase and not going to invest it any where else as it is expecting that the rice of bitcoin will cross 1200 USD level in the end of 2016. therefore the best option is to hold bitcoin and not to invest it anywhere else.
Yeah holding is safer in compare to investing and the fact is that we cannot trust any place to invest them and there are more chances of loosing our money, but with holding the power of decision is in your hands. |
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All things being equal, there are far more profitable coins to mine than Bitcoin with a set amount of computing power. Mining bitcoins requires ever-new and expensive asics, which continually degrade into obsolescence over time. I'm not sure mining is worth it for any but the largest players.
Mining process needs the investment of your money and huge consume electricty to mine the bitcoins. However we to pay for electricity So we sell some bitcoins for the mining use and balance you can hold your bitcoins. Because that is a business and every business needs to have a capital so you can operate, the big problem with mining nowadays is the mining difficulty of bitcoin has increase and in order to mine a good number of bitcoin you also need to bear the big electrify expenses, hence it will make unprofitable for ordinary miners. That's right mining is not profitable for all, only those with good capital and low electricity cost can afford it, best choice would be to buy them and save it for future and sell when you are making profits from it. |
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not good is long time investment use bitcoin
is good is under six month maximal one year
is good fast grow your money use bitcoin is inday trade
every day buy and sell and take profit
I agree with you that its a risk to hold it for a long term as price may even go down in coming years, so the best thing would be to sell them when price goes higher and buy again when price drops. |
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There is nothing that is least favorite for me in bitcoins, I simply love the way its helping me in earning money and its only benefiting me in different ways so I don't think there is any issue that bothers me.
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I think there are many people who are full time into bitcoins, thanks to their talent and skills they hold, but its not possible for everyone to earn a living from it.
That's right there are many people who are earning a living with but those who have good job with descent salary will never prefer to put their life at risk by quitting job and getting full time into bitcoins. |
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safest way is to hold your bitcoin till price goes up and then sell and make profit. another way is to do trading by self I. trading sites. but for trading and to make good sum of profit you have to know lot about price fluctuation and you should have at least 6 months of experience in trading world.
I guess there is no safer that holding your bitcoin for a longer period of time, the fact that bitcoin has been successful nowadays as we have seen its price, we have to aim more progress in the future and when that happens we will also benefit from our investment because we are holding a decent amount of investment. You can make profits with holding only if you have higher amount of coins, but if you have only 1 or 2 btc in wallet then its better to use them in trading and try to grow them instead of simply holding them. |
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For next few years I will not prefer to accept salary in bitcoins and even if future I will go for it only if its helping me to buy everything directly with it and if it can take care of my basic needs then I won't mind in getting paid in bitcoins.
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Yes gambling is the best way to grow money but personally I don't recommend anyone to use this option because if you loss then you're all money money would go in water. Please brother don't get involved in gambling and rather I would suggest you to do trading with other altcoins as bitcoin rate is too stable now so try trading with other coins
Trading altcoins is the good choice in compare to gambling, no doubt if you are lucky in gambling then its a fastest way to earn bitcoins but we should not ignore the fact that its the fastest way to loose too. |
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