Considering just buying a few bitcoin around $4000. What are your opinions? Should I wait until it drops in September? Will it drop in October because of the hard fork, or will it go up because everyone wants to get their share of the fork coin? Will whales push the price down in September so they can accumulate it cheaper?
Personally yes, because I believe the real price of bitcoin is always above $4,000. If the bitcoin price decrease below $4,000 like the last time happened when China banned ICOs and bitcoin exchanges, the price fall to $3,330 and that was the best time to buy bitcoins. My point is if the price below $4,000 go buy it, that's it. It fall much lower that $3300 when all the news come out from China. It dip to $2900, which is the best buying point at that time. But since bitcoin have recovered already, its really hard to see that price again. Unless another waves of negative news will surfaced once more. If you want to get bitcoin at a discount price, then you have to wait again. Yes that was the best time to buy bitcoins and now price is rising once again so either you can buy at current price or else you can wait for the price to drop down a bit in coming days but its hard to believe that it will go below $4k in coming days so if you can hold it longer then you can buy it even at present price as price will surely cross $5k in coming months. My suggestion for you is just wait. This is the time to sell the bitcoin. Not to buy a new one.At the October end the price of bitcoin will reduce some low value after it reaches the maximum peak.So use the reducing Time to purchase a lot of bitcoin. Again it reaches the peak after the fall. What is the reason make you have this opinion? I heard other traders said Bitcoin will recover in this month and it will increase more, do not stop at $5,000 is highest price. Even if the momentum from September till strong and enough to pass supply on the market, it can reaches to $6,000 or high more. |
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes it is all very risky. I advise you, better allocate 40% of the money you have for bitcoin and the rest for others. May be useful. Ya it is always good to not keep all funds in one investment let it be bitcoin also, so it is better to invest in multi investments so that if any investment goes wrong others can be saved. You can invest into many cryptocurrecies, but important, can you manage your portfolio or not? The profitability will depend on your management, if you can manage good, it only makes you have more troubles to take profits or loss. |
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My only suggestion for you when prices are falling is HOLD. Some people have weak hands, they panic and sold their coins after it. Trading is very risky so you have to be patient and have strong hands. Read some news about your coins or what your coin can do in the future so you can decide if you hold that coin for long term.
Yes I agree with you, being patient is the key here to gain more profit, just like me, I don't have enough that patient when I think the price is high I will sell it already but once I sell it, it turns out that bitcoin will rise again.  hahaha. Wrong timing. Sometimes, patience in a cycle bearish trend for long time also a bad choice. You have to know the trend of the market, if the bearish trend will happen in a long time, accept your loss is needed, because you can buy back if the price of Bitcoin falls down with extra amount of Bitcoin. |
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I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.
You cannot invest without risks. And investing is somewhat similar to gambling. What keeps them different from each is that gambling brings out addiction to the person. May be people see bitcoins is a form of gambling because you invest a high amount. But what is important is that you should be cautious to your decisions. Gambling have generally low chances of winning, unlike the value of bitcoins which flactuating but you can still predict what will happen. Do you think trade on the cryptocurrency market not make you addicted to it? No, even it can be like gambling and will make you never forget it. The profitability of the crypto market really high and after a long time you can not make more profits, you will have many wrong decision because you are hurry up and want to succeed fast. |
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IÂ also believing that bitcoins can by no means at any time substitute fiat currency evn if bitcoin will be the worlds currency.Simply because fiat is owned b govt and not the very same as bitcoin who is owned by prosperous peoples.But bitcoin can be in fiat forex line but can by no means ever substitute any fiat
bitcoin will not be able to replace the fiat position because bitcoin is not a money but bitcoin is as a means of payment, used by online users This is the definition for Bitcoin in current. But what do you think about the future of Bitcoin? For me, I'm an investor for future. I had invested into Bitcoin a lot of money and I want to hold it for long term, maybe 10 years or more than. Therefore, investment still has many type, important what is your plan when you invest!? |
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I believe the news leaks of the Chinese government's ban on Bitcoin trading and perhaps also Bitcoin mining are not FUD anymore. We have seen BTCC and ViaBTC releasing announcements that they will terminate their exchanges by the end of this month. The rest doubtlessly will also follow.
What will happen to "a Bitcoin" without China? Do we really need them to reach new highs?
Bitcoin growth is not dependent on a specific country, bitcoin has become a global currency now without any centralized authority. Bitcoin will reach the new heights and will set new benchmarks in future too even without China. BTW soon china will remove its ban on Bitcoin when they will realize their mistake. You have mistaken, as per my know, the Chinese government did not ban Bitcoin, they only banned the ICO market and the cryptocurrency exchange. I do not think the Chinese government will remove their ban on these field because almost the cryptocurrency exchanges and ICO projects transfered to other countries on the world, example HongKong. |
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The current action of China on ICO and exchanges definitely have an impact on the Bitcoin price. We can assume that it effectively halted Bitcoin in reaching a new high in the last weeks. But it seems Chinese government action had already cleared that they are not against Bitcoin and just wanted to clean their country of noncompliant exchanges and possible illegal ICO that will exploit Bitcoin's popularity and take advantage by scamming people in their country.
That is the current excuse but what it is going to happen whjen they control that? They are going to set their target in something else, they are going to try to regulate bitcoin to oblivion, or they may ban miners or ban bitcoin, it may not seem as likely to some people but at some point if the Chinese citizens keep using bitcoin to avoid government regulation then the final step for China is to make bitcoin illegal. If the Chinese government want to bans Bitcoin's miner, I think they should not to do that. What is the benefit they will receive after do that? No money from the tax, no one wants to bribe them to avoid the law then do you think they should to do that?  |
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Altcoins will always depend on bitcoins. Not just from its framework but also bitcoin has more stability than any altcoins. Yes altcoins may be profitable than bitcoin in such a short time but I think, if even altcoins gets more popular than bitcoin, it won't be long. They always base everything to bitcoin..
I think you compare altcoin to bitcoin chick in the market value of altcoin and bitcoin there are too many different in bitcoin in altcoin there are many people who invert big amount money in bitcoin and they are trading to each other in bitcoin an look at the altcoin value this is nothing the main point is this bitcoin is more better then altcoin Look at the price of altcoin on the market, almost altcoins are decreasing while the price of Bitcoin keep at high price. Why the altcoin market can not recover? Yeah, because most of the traders are holding their money in altcoin and they do not want to sell their altcoins with cheap price to whales. |
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Effect of Chinese banning on cryptocurrency only temporary. Because, now bitcoin value goes back up. China cann't affect value bitcoin even with its prohibition. Bitcoin used by many people in different countries around the world.
It did affect it, this market is still really small compared to gold for example. This won't be the last time the market dipped due to FUD, but it will grow back stronger each time Really? I do not think the cryptocurrency market has definition "last time dumped by the FUD" as your said. Especial this is the Bitcoin market, a market has strongly volatility every day and hottest trend of this year on the world. |
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To teach kids about Bitcoin, get them started with using it from a young age instead of fiat and they will grow up knowing how it works.
Here the question is how to teach bitcoin to kids, if they are young then no need to teach again because young people will find out all the things including the trend like bitcoin. I think the easiest way to teach bitcoin to kids is to have them download game related to bitcoin. It not important, I do not care about this issue, if you really want to teach kids about Bitcoin, you can find some games as flappy bird or farms for your children. But before decide to teach your kids about Bitcoin, you have to know they do not know any about make money and Bitcoin only a reward like GOLD, GEM in games.  |
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Want to be rich is depend upon the person and depend upon the need only.
I want to be rich for sure. Money is more important to live comfort in this world without money it is very difficult to understand the limit of the money what we required.
But it does not mean when you have money, you will have all things. Some thing can not buy = money, it needs you spend your happiness, efforts, precious things to pay it. Therefore, I like to become rich, but I do not want to give up my family or happiness. |
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Hello, I've been hovering around bitcoin for months and I want to become an expert in it. What resources are available and what steps can I take to know all there is to know about bitcoin and possibly reproduce the technology involved.
Thank you.
We all know that everything are starts from the basics so I would prefer to you to start also in basic like reading some news or article here in forum so that you'll ble to have some knowledge and background. Many people are actually starts from that and look at them on how they are today. Earning and very expert in business where bitcoin is the income. You still can trade without any knowledge about bitcoin, but the profitability you can earn from the cryptocurrency market will be negative numbers . That is the fees to receive the experience from the market, it will help you never forget |
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No, I don't place all my funds into Bitcoin, this is a risky decision despite Bitcoin is the best and the more valuable crypto currency nowadays. It is always better and safest to diversify our investments in many promising and stable crypto currencies like ETH, LTC..
I am investing in Ethereum and some ICO projects in addition with my investment in Bitcoin.
The trader of the cryptocurrency market must to invest into Bitcoin and other cryptocurrency, you have to remember no crypto is the King forever. It depends on every cycle and the scenario of the whales. |
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People says 1 BTC will be cost 1 Million do you believe in that?
Hmm.. although it may seem a little bit too surreal or exaggerated at first thought, it really can be something achievable. The reason why I believe this can happen is because if you think about the history of bitcoin from the very beginning till now(which was from nothing to something big), it really has gotten far. And with every adversity it only got better. So I think a million wouldn’t be something that is impossible to achieve when it comes to bitcoin. Although we might not be able to reach that with our age, but i think it will probably happen some time in the future. Either that, or it becomes just a memory from the past in the future and soon forgotten. Yes this is possible because upcoming era is the era of bitcoin and its price maybe will cross above million so believe In it and if this happen so investor who invested in good times will be in good situation but new comer will not invest because million is so high price so maybe if it will be declared as global currency then it price may beyond the limits. Very optimistic for you forecasts. I want to believe in it, but I can not help it. It seems to me that the price of bitcoin can not be higher than 25 - 30 thousand dollars. At the same time, the capitalization of the currency should be very high Total market cap ~ thousand billion dollar normal with a currency can become famous in future. If Bitcoin can use anywhere and get accept from the government, that the future can happen. |
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if the price is really turns high into $10,000 before end of this year, then people which have large amount of bitcoin will be a rich person and they can sold their bitcoin to make big profit. its really hard to reach that price because the price is always up and down especially if there is any bad news out there and it will makes people panic and the price is not increase.
Well this year is very difficult if the high rise drastically to that height,which has a lot of BTC will certainly get rich suddenly richer until it can buy anything he wants.I think it will not get that high in this year it will step on the 5K stage only and will drop back because the news don't know where to get it from, not easy to predict but I hope the opinion is not right hopefully reach up to 10K. It's very hard to speculate for such a huge price for bitcoins since there is so many struggles and barricade for the bitcoins to approach for that price but maybe its very easy for us to predict if there's a little price hike with bitcoins and we shouldn't expect that rise is so huge for bitcoins to come since there are some particular banning events of some countries are coming and that can even affect the bitcoins stability. In my opinion, maybe we will see a big breakdown on the market in next time. Because I checked the altcoin market, this market has not any moves after the price of Bitcoin drop down or increases or keep in high price. It not like other FUDs I saw in few months ago. |
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World has changed significantly in the last 20 years. Primarily moving whatever could be moved to the internet. Knowledge, shopping, communication, dating, etc, etc. So it makes sense that also the currency moves on the internet. One could argue that debit/credit cards are already this, but they're coming from the classical banking system.
As in the quote the growth that has happened with the help of the Internet is very big. This has made the systematic functioning of each and every sector in a much better way. If Internet connectivity gets disconnected worldwide everything will collapse big. Now our bitcoin makes it more efficient and easy to use that of the traditional banking system. Hmm, I am not saying that, because I do not really know why the world really needs virtual currencies. But, I think virtualcurrency is important. In a simple way, it is good and give us privacy and freedom. No more taxes, no more bank, only us. The most important thing and the most simple way I think about virtualcurrencies, is that they can give us a financial freedom.  That is all I am going to say. Bitcoin not is virtualcurrency, it is cryptocurrency and you have a wrong knowledge about cryptocurrency and virtualcurrency. If Bitcoin is virtualcurrency, it also controlled by someone as PayPal, Perfectmoney, Advcash, Neteller ... That is the difference between them. |
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So when its the value gonna rise again? will it peak even higher then the previous 4k mark?
bitcoin is hard to predict but can be learned so that we can know the direction of the future market will be like to keep us do not go wrong in making decisions all there is a trick Its hard to predict price fluctuations, but predicting price in long term its easier we all know that price will grow. 4000 dollars mark is here again, price is slowly rising for a week and I believe this trend will continue in October. If something don't come up, some bad news or some big scam we will see 5000 dollars in next couple weeks. Many good things happened this year, couple years ago there was discussions here that someone is holding back the price of bitcoin, this year is proof that this people were right. Recent manipulations pushed down the price, but that is little shadow on bitcoin success, popularity is going up and bitcoin will go up and I believe in my prediction for the end of this year +7k for one bitcoin, there is 3 months and that is plenty of time for that to happen. Better make it slowly, than like a rise in an insstant and a continuous fall from almost peak, it will be hard to recover if ever it went too low, then is no exception. That time you need to keep your patience, do not move if you can not have a plan or strategy to make profits from other altcoins. Wait the move of whales and change your strategy as them, you can find more chances to make profits. |
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is this one better to wait until the ETH price goes up as much as we can before investing? Because its in Dollar amount?
Wait longer, why? Because there's just too many coins that have the same concept that they have. Invest in something else so you could make money. Nope, you will be stupid investor if you can not wait the price of Ethereum increase in next time. Maybe you forget the Ethereum network will be hardfork and progress Metropolis on the roadmap. Next month, I believe Ethereum will reach to $400 again. |
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We are facing a little correction after breaking the resistance, My thought that this caused by some rumour about the possibility of another free cash or airdrop from the bitcoin itself. The price around 4064 and it looks there is a little bear in the future. This is no correction, just market noise. We are now on our way to test a new all time high. All the doubters got blown the fuck out once again. Not surprised to see BTC proving the haters wrong time after time, thsi is no different. Keep holding and we will break through $5000 soon enough. Then as China confirms they are coming back with a license to trade, we will moon to anywhere from $7000 to $10000+ Honestly I do not hope the price of Bitcoin can continue bullish trend in next month, what the hell while altcoin can not recover only because the price Bitcoin increase or decrease  ? I want the cryptocurrency market can changes new trend and stop bullish trend of Bitcoin soon. |
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I have think of it and i have save up bitcoin just a the small amount because i have plans for it to have fun like travelling didn't even save it for future purpose. so i wanted to know what are you going to do with your bitcoin if you save bitcoin. Why do you save bitcoin for? and why? what is the purpose why you save up bitcoin to your wallet and not to spend it.
I am saving bitcoin for future purposes because i wanted to have a wealthy life with my family and i will buy and provide all the things that they need. It dont use it for gambling because it is too risky and i might even loose what i have saved. Gambling and trading are risk ways, if you really want to make money from Bitcoin steady, you must avoid them soon and never try when you have money or heard from someone you can get rich fast from those ways. Those ways only make you feel hurry and easy loss more money  |
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