If you start with a small amount to train your trading skills and gain experience then this is normal. But if you are going to make money, then this is only possible at great risk and there is a high probability of losing everything.
Just start what you can afford to lose so if you have high tolerance in risk then go for it. Small or big amount is not the issue here because what's matter the most is how you make the most out of it and get profit. At the end of the day you'll ask yourself how much you profit and how much you'd loss. Just like what the OP said, I think he just want to try to do trading on crypto because he don't know how to do it so. He just makes a practice trading in start of small amounts so that if ever it will be failed its not much hurt to feel so. And if he really wants to learn more try to look some video that rely on crypto trading, then I'm sure he can gain much knowledge of it. |
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I will hold if i see the prices are falling down rather than to sell that will cause of lossing your capital, just look at the historical price chart and use your instinc when the prices might go up and made your decision if that prices is enough for your profit.
Yes, you're right mate and I agree with your opinion and if we decide to dump it when it's falling its market value then the scenario will could be worse than before. Much better to keep relaxed and wait for the coin to be back to its usual price, so that the capital will get back 100% and earn profits as well, even a little. Be patience. |
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Should I Invest In Bitcoin?
I think investing in bitcoin or in any other source investment needed understanding.and it always involved risk if you are looking for good profit. but the question we always considered in investing is, when is the right time to invest.timing is essential.. Its quite simple to understand if how bitcoin works, all we have to do is faith on it because if you believe on this coin you don't hesitate to invest on it. And risk is obviously done for that and any kind of investment as well. |
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I prefer to invest in altcoins. I think that when there are many alt coins in the market, it is necessary to choose a few of them. I think altcoins worth making some investments and it is necessary to find projects with growing and potential fortunes.
You have a point mate, because if we have patience to find an altcoins and chose the finest coins that might you think has a potential. Then all we have to do is keep on monitor that coin because it will increase its value with mo time. |
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I think if you want to recover loss can be buyback that token or coin you have before. This is one way to recover the loss. Do you think if you sell all of your assets and a minute later the price going up? Sell when you get Break Even Point.
I think that is not a good idea mate, buying a token that the same as before was really a bad decision instead find another token which you might think has a potential to rise its value neither in a short term or long term. But something if you lose in a coin and that was bitcoin well it is still considered as a good decision because this is proven and effective that we could get a high profit with no time. |
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Well, I'll keep on hold because later on the market will rise soon again and as you said it's expected to rise. Somehow we cannot deny the fact that we really need some fund to buy something, so we can force to sell our coins not just panic selling but because in order to use it in a necessary moment.
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For me bitcoin could not be may main income I consider it as extra income only because bitcoin is not stable, prices always up and down..its uncertain and if you rely only on these for your future might as well think first, unless you already gain something big on it and keep it as saving so that you can have something to spend with while at the same time working on your job as your main source of income these things somehow helps you balance your financial status.
I agree, It cannot be called as our main income because bitcoin is volatile, so meaning the value of is not consistent, might be high or low. The better to do is mark bitcoin as our best investment because someday time will come bitcoin have more potential to increase as more than $20,000 and I believe for that moment. |
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I think the price of Bitcoin will be increased again. Because the price of any item increases its demand and usage. It is seen in recent times that the demand and usage of Bitcoin has been increasing. People are using Bitcoin for all the work they need. Most states are supporting Bitcoin. Bitcoin is being used more than other currencies.
Ofcourse bitcoin will increase with no doubt because of the new technology thumps up and more investor will invest on it. And because all of that things there's a high percentage that bitcoin will reach this year worth $50,000 of speculation. |
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Hello everybody, I am new to the bitcoin and bitcointalk forum. I just wonder what/who make the price of bitcoin, and what does it depend on?
As far as i know the price of bitcoin is depends on the investors and users, and also on the market, i just notice that if many people sell their bitcoin its price down and if many people buy bitcoin the price high again. Yes, you're quite right mate and that's why bitcoin is volatile due to many investors dumping their bitcoin and there are new investors as well, appear to invest into it, so bitcoin will fluctuate and that's been normal as an asset. And according to what I know about the history of bitcoin when it was first launched it had no official price at all and when the exchanges began to appear it starting developed, starting around 6 cents. |
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robots use is not really good thing, Instead of people, There are many people who are easy to set their livelihood, Robots will ruin their workplace, I do not think it's possible to do all the work with robots, The robot can fill only one task which is given to him, If you think from that side then we can not do much work with them, which will be common people, Yet people will use robots That is the correct
Probably yes, not all kind kinds of a job can make robots it because robots will program, according to a certain job or let us say one task only, so maybe this thing are considered as disadvantages of having a robot in a company. But having a robot were really useful especially in a big company which most of their work was in production process and repeatedly in everyday. And robot can take place for that because the robot cannot feel thirst, bored and getting tired. Even though they work for 24/7 they will survive as long as they are fully charged. |
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Hope you you don't listen to those, who was telling you to stop buying or even to start selling them in this topic. Bitcoin already hit 20,000$ and now down to ~10,000$, so even now I would suggest you to buy more bitcoin, because it wasn't last "train", I'm sure bitcoin can hit 20,000$ or maybe 30,000$ again.
I agree with you mate, don't listen to nonsense things about stop buying bitcoin because theirs a speculation that bitcoin will hit $50,000 I've read this article about 3 weeks ago. And before the end of this year bitcoin will hit that price. Just keep us believing of it because it's just like last year that $20,000 was started at speculation only but it's come to reality last early December. |
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Reading the responses to the recent topic titled, "I would sell all my bitcoins if…." has left me concerned.
The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
The reason why it is good to do long term investment with bitcoins is because the value of the bitcoin is becoming more stronger than before. The key to become successful person is by holding our bitcoins in a long time. Yes! The more time to wait the more profits to get, that's the reality of making investment in bitcoin. And many already witness of it and I'm one of them, if bitcoin not comes in my life perhaps I'm still struggling the poverty. |
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i want to ask what makes the bitcoin dangerous? to the point that many countries prohibit the use of bitcoin in their countries. I want to hear your opinion
Base on my research, why other countries keep banning bitcoin like Bangladesh country because bitcoins lack of central payment system, which could lead to people doing Money Laundering and being financially harmed. Then, added that trading in bitcoin and other digital currencies could lead to a punishment of up to 12 years in prison |
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Earning money here in bitcoin is not easy, so dont too rush on it, think wisely before using it, well me if i have that money already, ofcourse i will spend only to those important things like my family basic needs, other expenses in daily living and save incase of emergencies.
Or you can just spend bitcoin into your wallets and hold there for at least few years to let them pop into nice healthy price. And when your pennies are worth dollars and your dollars are worth millions I am pretty sure that you will start your retirement plans. Bitocon has given more possibilities now, where we have enough money from it which can be used for far better things than just family needs and daily needs. I have seen examples where people have literally set up their business from it. So you see how on large scale bitcoin can be used. Many of us, as bitcoin believer wishing to hold bitcoin in a long term, but because of the crisis, we need to withdraw our coin to sustain our family needs. I really thankful that bitcoin comes up in my life, if I only had enough income, then I will hold my bitcoin that earn from different campaign here in the forum. |
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Thes best moment to leave the game is to leave the game as ou win since after winning, you''ll definitely lose thus you must clear yourself that tou must follow your planned exit point which is after winning.
Forcing this to implement in your own gambling habit is likely to be impossible. We are gaining confidence when we win and leaving when you won is hard to do. Set your own gambling goal if you are playing everyday, I've seen successful people who are leaving until they won enough but they are risk takers and totally has a big bankroll. no it is not imposible to have a habit like that because ive already done that. before im really addicted to gambling not just in crypto gambling but also in real life gambling, although eventually i realize that hard earned money is really hard to find and worked for , that is why i decided to limit my self and if i manage to won a single bet , i imediately stop and withdraw all my winnings but if i loose i didnt continue anymore if my balance are not enough. If you're really responsible enough then there's no impossible to limit yourself in gambling because it's all depend on us. And I agree with your decision mate, self discipline to prevent addicting and learn how to leave gambling for the better. |
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Gambling online has been my worst nightmare. I remember to have deposited in a dice site to gamble. I did a few roles and decided to veer off to do something before I continue. I forgot to reset to the original settings and left it where it had stopped. When I resumed, I decided to use a higher odd and never changed the settings. I ended up wiping all my balance in only three rolls- 2 btc gone
it is a nightmare, you lose a lot of money in just some time. But it also happens to many people. gambling is a risky thing, so you'll always be accompanied by nightmares. I do not really like gambling and I think it's a waste of my important time. Gambling for those people who need entertainment after work just like me, it is relieved my stress in a whole day work if i'm playing gambling. The thrill and excitement that was the most important that i want in gambling then the next is money if you have a luck the money will follow after entertainment. The worst moment when i lost a big amount in gambling because of excitement i did not stop my self in betting, so we need a self discipline by involving gambling. You're right, It can relieve stress for those guys have a passion for this gambling activity, but as you said we must need a self discipline, to let ourselves won't get addicted on this habit. First, we must control our emotions no matter what bad situation we encountered. |
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First of all you must educated yourself about bitcoin and learn how to trade, meanwhile you can invest but also you need a lot of patience if you want to earn profits.
I agree, patience is a must. This is the very important thing in order to survive here crypto world and will guarantee you to get more profits as the more you hold your coins that you invested. Just believe and keep investing on it. |
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Have you ever thought about buying bitcoin for your children as a future investment?
Yes, I am because I believe bitcoin will more increase its market value as the years pass and it's proven effective since from the beginning of its existing. And due to advance technology and more new investor will invest on bitcoin, well there's no doubt bitcoin will totally continue to rise its value. |
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[ https://medium.com/bitcoins-digital-currency/how-to-explain-bitcoin-to-a-7-year-old-a9a8c094feaf] How to Explain Bitcoin to a 7-Year-OldI’ve been explaining how Bitcoins work since 2010. Here is the simplest analogy I’ve discovered that explains transactions, anonymity, and coin production.
There’s a room that anyone can access. The room has security cameras that anyone can view, and every second of recorded footage is available online forever.
The room is filled with indestructible piggy banks made of transparent plastic. Naturally, these piggy banks have coin slots, and everyone can see which coins are in which piggy bank. These piggy banks can never leave the room.
Each person has a key that can open their piggy bank. Let’s say I want to buy a pair of alpaca socks, and you want to sell them.
First, you tell me which piggy bank is yours. Then, I walk into the room with a ski mask on. Anyone in the world can see me on the security cameras, but not my face.
Next, I unlock my piggy bank, take some coins out, then put them into your locked piggy bank. I leave the room.
Now, everyone in the world knows that your piggy bank has coins that were previously in my piggy bank. This is the case with every transaction, so everyone knows the history of every coin.
“So where do the coins come from? How did it start? Who got the first coins?”
There’s a robot in the room that runs lotteries. Every so often, this robot randomly chooses a piggy bank in the room, and puts 50 coins in it. When it first started, there weren’t many piggy banks in the room since nobody knew about it. Back then, it was easy to win the lottery. Today, there are millions of piggy banks in the room, so your odds aren’t very good.
“Ok, couldn’t someone make their own fake coins?”
No, because everyone has records of every coin in the room, and they know when the robot hands new coins out. If a fraud were to put fake coins into his own piggy bank, everyone would know that those coins were never handed out by the robot, and wouldn’t accept them.
“Who made the robot..?”
Supposedly it was a super genius Japanese man named Satoshi Nakamoto, but nobody knows for certain. Since the security camera footage is available from 2009, we can see that the robot was putting coins into a piggy bank since day 1. We assume it’s Satoshi, but that’s about all we know.
“… Crazy.”
From Tony Diepenbrock IV on medium. Or you can also watch this excellent video:bitcoin 101: https://youtu.be/Bhe61JaNFLUThere is no way a 8 year old can understand how the cryptocurrency work. There is always a right age for everyone to know about cryptocurrency and that will probably on their way to college when they are teenagers because they become more serious in life. You're quite right mate and for me, in that early age of a child is not the time to teach bitcoin if how it works because most of several children are always looking for fun. I guess this topic might get bored of them if we really forced to teach them how bitcoin works. Aside from that let us children to be a child because time will come if they will responsible enough, then they themselves will look for bitcoin to make them learn of it. |
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I knoe that everyone could withdrawal their fiats in a higher prices, they don't think anyy necessary supplies but only as a higher reference. Since the price was dropped, people think that this isn't the goid time for withdrawals and still be holding the coins. If someone has to withdraw, I think they must be in need.
You're right, maybe they really need to withdraw because of financial needs, but the situation was, what if everyone withdraw their coin into fiat? Well, in my opinion, I think the market value of bitcoin will sharply down into the lowest price and we don't know when it could be back it's usual price again. |
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