The risk that I can see on holding btc is getting hacked and nothing will be left. There is a possibility that when you are checking or transferring your btc is they have already injected a malicious virus that will take control of everything.
hacked ? this is will happen to user who doesn't use additional security for they account, and almost all wallet and also exchanger have this, even the hacker know your account the second security is needed if he want to withdraw it. For me hacking your wallet is your own fault. We all know that having bitcoin is like having our own bank. So it you don't protect it, someone will take that away from you. And used a wallet like Electrum that is safe and secure. As for letting your bitcoin just sit on exchanges, specially huge amount, that idea is not good because when a likelihood that it is hacked then all your bitcoin will be stolen. So you need to be careful where are you going to hold your bitcoins. We have our own responsibilities. Risk and holding are the two opposite things in crypto especially on btc because holding is the weapon for investor through which he can generate huge money and that’s the best he can achieve and holding is always beneficial in the favor of investor and more of it btc has capability to deliver 100% profit to those who are patient and those who are investing in bitcoin for long term holding will give them huge profit.
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I am going to convert before the fork and then get the new coin and probably sell them for more bitcoin.
Don’t do that man there is no confirmation of any fork so don’t believe in rumors hold your coins still there is a lot that is coming for us and if you will hold one day you will say thanks to me and choice is all yours relaying in this price of achieve many times higher than this in future and holding will not give you a single penny loss and not investors are mature enough if fork occurs that will be for 2 to 3 hours only.
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15 days have passed since I opened this post. I've just had a look at the dominance graph again and it keeps widening, favoring bitcoin. Ethereum has been constantly losing dominance against it. All coins have, apart from bitcoin cash, but not in a relevant percentage as it stands at 5%.
At present, bitcoin has 62%, more than 4 times as much as its biggest competitor, ethereum.
Do you think this will change after Segwit2x fork?
Bitcoin has defeated eth in all aspects and many of people have already cashed out their money from eth and invested into btc and more of it the main thing is acceptance and now many regions are accepting this coin and many of the stores are getting this as payment and that is for sure thing that it will be 100 time leading to the eth and all other coin and this is just happening because of investor believe and faith,
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Bitcoin is still in early stages thus its price is related to demand and sepply law. In last months, bitcoin community started growing significantly in result the price went so high. I believe that in next years the price will be less volatile when there will be less traders and more regular users using bitcoin to make daily purchases.
As in its early stages it is attaining so much popularity after some years this coin will surely be the most precious and profitable coin of the world and people ask about is volatility it totally depend on user demand as demand gets high this coin start rising and profit season starts over and as this coin demand gets low its price fall a bit then people buy more to give this coin stability so far btc is impressive in 2k17.
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Because they think of it as no value. Unlike gold which is a natural resource of our world. But Bitcoin is an algorithm. It is a system based on Mathematics. So I don't think Bitcoin is bubble. I think they just want that people will be afraid of buying Bitcoin or have negative thoughts about it because they don't want Bitcoin to be superior that they cannot control.
Economists are still preaching old modes and they are not well aware of this coin and those who are saying gold is best aren’t they seen the prices of bitcoin how up they are and gold is now an ornament and one thing is for sure that those economist who are saying it bubble will soon invest into it and it has happened in past and in short bitcoin has taken over the seat of most profiting investment and hatters are jealous.
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BTC for me is the biggest investment i have ever made and i also believe that it will be the most profitable investment of my life.
It is good to hear that you have made possible use of your Bitcoins a for the sake of investment. There are many people who believe in saving their Bitcoins in the online wallet or in their personal bank accounts feeling fearful to use them in trading or some sort of business. If I talk about myself I do not have much BTC to save up besides for use in future because I have found it a better choice to convert them into the physical money and used for investment purposes. In this way I have got my money increased to sufficient level and it has become possible for me to buy more BTC now and continue the cycle.
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Into the 3-4 years im trading soo far i had been able to stay into the green zone, well i had lost a lot opportunities to close my positions into the green wich turned to red very fast, soo i do see trading as a potencial source of income, but we need to be more realistic and lower our greedy, since it can make us to loose money when we wanna to earn more.
And that is what will always happen if you did not just take trading as a game but something serious that you need to learn and keep learning even while practicing. As long as we can control our emotions, our greed and we can know the right steps to take each and every time to limit losses and make more gains, then that us only the time we can see the beauty in trading.
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You should be patient enough if you want to invest in Bitcoin.You have to understand that the only way you can make profits from your investments is by holding your BTC's. You must have enough patience to hold your BTC's instead of commiting the mistake of panic selling when the price falls down because the price will again rise and if you will hold your BTC's you will make huge profits. Bitcoinis rising at a very fast rate and it has a bright and positive future .So have patience and keep holding your BTC's.
In fact patient is too much important in every field of life you need to have good patient if you want to make money from bitcoin, because some time its price take some more time to give you some profit, therefore it is too much important to have good patient while you have invested money in bitcoin. Patience is essential on the path to success. You must to know not only trading, investing, holding in the cryptocurrency market need you have patience. Anything you want to succeed all need you can be patient to get the good result. Patience of course is like the general thing one should have in life most especially when it comes to bitcoin investment. Most people always look for quick results which has led them to do so many crazy stuffs that ended up screwing them over. In this world, you need a lot of patience and also have to work on your emotions at the same time, which is the only way having the patience gets easy.
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It is best to buy bitcoin when the price is low, but the bitcoin price goes up everyday, so i suggest to buy now because its i believe it will never goes back to its previous price.
The problem anyway is still subjected to the fact that we do not know the low point yet as bitcoin has a way of ultimately surprising everyone. Like you said, buying now is still pretty perfect, whether it goes back to the previous price or not. I missed buying at $5700 because I was hoping for dip and then I missed buying at $6000 again cause I was still waiting and here I am now still waiting and that is what happens when you miss the right moment and end up buying higher eventually.
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I think he does not know about bitcoin because if he knows about bitcoin he can not be scammed. But it's in that person whether you're cheating or not. Not because the bitcoin is famous so you just have to invest it like that he would have studied it first well if it was legit. So let's get it through to all of us to be especially smart on the websites, we study first If we have no background we can ask for advice on people with experience especially with bitcoin.
Happy you said, study first, which is the reasonable thing anyone should do, let alone a media outfit. That must be one hell of a crappy show in my opinion cause I can imagine the number of times they would have misled their viewers. In fact, read all the things the OP mentioned that they said, it sounded like a kind of talk you would expect from a kindergarten kid. programs like this should be scrapped at end since they could not even get a simple fact straight.
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Encouraging local business to use bitcoin would be really hard though because most of them even didn’t heard about bitcoin and they would surely refuse to use it. Convincing them would really a problem though except to those merchants who already accepts bitcoin as a payment. But still I believe that this adoption would really spread all over the world.
It is really going to be very hard. It would take a whole lot before you even start explaining to the owner of the local store and that is even if you are able to meet up with them one on one since they practically have managers doing the work for them. Adoption like you said would definitely spread and we will see most of them doing this themselves without being told.
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Bitcoin investment is not that hard to determine, you could choose any investment which accepted bitcoin as a method payment. For now , it's HYIP , PTC or gambling . Investing in a bankroll of online casino isn't a bad ideal too.
I would rather leave my funds in an online casino bankroll that is very trustworthy and has been in existence for a very long time than ever try out HYIP. HYIP sites are more like you gambling with your funds, you may be lucky to get in very early and then you may not be lucky even when you get in early cause they might be looking for first starters. PTC is more like faucets to me and you cannot even earn much and the best is to have some good skills to earn and increase your funds gradually cause it is hard to find legitimate investment site these days.
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for now bitcoin prices are so high but if you look at the potential of bitcoin prices will continue to increase and it seems if you have confidence to buy bitcoin at this time of course you need to consider it again about your intentions.
In my opinion, the amount of BTC hardly matters while making any such kind of decision of buying the bitcoins. It is you who has to decide according to your budget like the time when you have enough budget that you can actually afford buying of bitcoin. If you have this much of money that you can buy bitcoins, then you should go for buying of bitcoins and that too as early as possible.
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I came across an article this morning that, to me, really shows why the world needs a virtual currency. I'm from England, and there's a saying here that goes: "When America sneezes, the rest of the world catches a cold." The article discusses the history of the Asian Financial Crisis, and how we may be heading toward something similar. It amazes me that we have a currency that can potentially protect us (working people) from global financial crises. This is unique and incredible time in history! https://www.rt.com/op-edge/398890-financial-crisis-asia-curency/We are now in the modern world where everything is high tech and it is now our new society. Just like in our world not involved technology we need money to buy our needs in our daily life. So in the online world we need virtual currency to avail different services and invest online. World need Virtual currency! You are right and now all the people are buying the bitcoin not the other currency the bitcoin is the currency that is being safe for all the people and the bitcoin income will be more than this if the bitcoin will get the value of the legalization and the virtual currency is now being more and more famous so I hope in the future the virtual currency will be the only currency of the era With the advancement in technology, things have changed quite rapidly. The use of internet in our daily lives is very much common as very second person is using internet. Under such situation, it is very useful to have digital currencies like that of bitcoin in your wallet as it will help you in making a better future. Digital currencies hold a very bright future and it will change the lives if the ones who will have them.
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i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin? Its just a way to earn earn some profit.Buy low and hold it until price go up and sell it.But its not the only way.There's still some more and interesting easy way to earn it.you can join any campaigns.Which can paid you depend on your work and ranking.Also you can use some mining software to earn more NichHas who use your GPU power to mine.Also you can play faucet to earn but the amount would low There are also other way to earn bitcoin like trading, mining, investment etc. but invest is a very good for earning because once if you invest here and start to wait for a right time so it give a profit altogether and that’s what I’m doing as well here and believe me it change my life so if you want to use other ways that can also help you.
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It very good news for bitcoin and also good news for chines. They invest again bitcoin. They can understand importance of bitcoin. It is very hard go ahead without modern digital currency.
Yes it is good news, bitcoin is not only allowing people to earn more but also helping countries to do some betterment in their condition, the more they get into bitcoin more will be they able to eliminate poverty from their country and provide the citizens with a standard life. This may help in reducing crimes in a way that if poverty reduces every person gets a chance to earn they will not get involve into wrong matters to earn money.
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Learning to read charts is important - spotting daily trends - and also researching the company to see what big events, releases and updates they have coming out. From many coins have a good 10-20% range on a daily basis - obviously not 24/7/365 - but it's always good to watch the coin for a while and study the patterns of people. oh yeah, and stop loss All the best! In my opinion, for daily trading, a trader must have no fear of facing the loss because in this case the probability of facing the loss is larger and a person must have a very good understanding of his digital asset. He must stay up to date and alert. I find this a very tough task and day trading requires the trader to stay alert. I have seen people who really make profits this way but my talent is zero in this case.
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Gambling with bitcoin is not wrong and it is a good choise Than should gambling with fiat i am prefet ro gambling with bitcoin It is anonymous and easy to purchase Why do you think that gambling using bitcoin is not wrong with both bitcoin and fiat is money and if you are abusing the use of bitcoin or lets say you've wasted a lot of bitcoin just because of gambling then that's a wrong move for you because instead of keeping it as investment to gain profit you waste it with gambling. Okay we might have different perception about how to gamble no matter it is use bitcoin or not as wrong. Let's talk about gamble in general , did you heard good things about gambling more than the bad things in our daily live? It could be a parameter to consider whether gambling is wrong or not. That's my opinion. It's simple to know whether gambling is wrong or true. I think because gambling gives more negatives than positive things means gambling is useless for us, and doing useless things is wrong. So gambling is wrong with me, because more things are useless than useful. In the end people will always look at gambling as a wrong thing mostly i am sure. And yeaa nothing good when it comes to gambling based on public opinion . If then gambling considered as a fine thing i guess a lot of people will come there and making money easily without have to feel shameful. For me, gambling could only be bad when we try to gamble more as we need to and we gamble money that we can't afford to lose. But as long as we are only spending a little money and just play for fun and entertainment after a hard days work, then that is fine. Gambling is bad under all sort of situations. It has never benefited people or the ratio of those who got rich by placing bets is almost negligible, like one in a million can get that chance. Personally, I recommend staying away from it as this evil is very attractive and people don’t realize but become its addict. Once that happens, returning back is nearly impossible. It not only kills time and money but relations and health also.
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If you want to make some good digit out of trading you need to make a good research of coin before invested into it because trading of cryptocurrency seems to be the samething like gambling. However, investing into promsing and outstanding ICO is good and before you invest into a coin you must study the coin historical data, volume and must be a coin which is available on many exchange.
Even the most brilliant investor is not an exception to making loss. The best trade bots in market do make loss to, but the difference is that more profits will be made more than loss, so that’s the reason one should study about any coin before investing into it. Another thing is, I don’t see any reason for one to quit their job just because of trading, cause you can do both if you manage your time properly. I don’t mean trading at your work place, you shouldn’t, trading should only be done at home after work time, when your mind is feeling relaxed so you don’t mess up.
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the two are risky but in gambling you cannot predict if you can win and base on my experience i always lose in gambling but in trading it might be risky but before you enter or doing trading first we can have survey if we can get more profit to it, we won't enter in trading that easy with out checking first right?and in trading there is a big chances to win than gambling.
There both are risks but the risks aren't really the same for the two. Gambling is more on ind risks while trading is more on the calculated side where your preparation and research can greatly affect the outcome. Both activities involve risk but I don’t have any idea about skill based gambling. If he is talking about poker or sports bet then these are similar to trading because both are all about educated guessing. Most of the games that are offered in casinos are pure luck and in that case we cannot use skills. Other than that, poker needs a lot of experience and so do sports betting for earning wins but trader can start hitting victory very early.
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