The great news for today for me now is many people are enjoying their bitcoin now.Even though bitcoin is in volatile value I enjoy a lot because I cant get this cash to anywhere only at bitcointalk.Before,I ignore bitcoin because I dont experience yet what is bitcoin has.But now Im excited also to experience all what the bitcoiners has today.Its easy to be a millioaire at bitcoin,thats the great news for today. You can get rich when you trade bitcoin on the cryptocurrency market, but it does not mean easy to become millionaire. Have you much money? Maybe you have not much or even you are unemployed and see Bitcoin like a place to helps you have a job and work. Therefore remember, you can become millionaire when the price of Bitcoin still cheap and you can hold a huge amount of Bitcoin before it has high value. The worker like us cannot make this dream become the truth haha. |
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none of these can really be considered "hopping on crypto wagon". they are just creating their own thing and centralizing it. that goes against the first things that bitcoin as the first big cryptocurrency introduced to the world.
many are actually interested in bitcoin just because it is decentralized and stay away from most altcoins because they are not. a government/bank issued tokens may be good and it may even make the banking system more efficient or even safer but none of them will be the cryptocurrency movement to decentralize money transfer.
The government and conventional banks want to switch their technology to a faster one and that is moving to blockchain. It will bring no change to the currency of the government nor will public except some little portion of the whole will get a wide benefits. Even if government switches to blockchain it will not be a decentralized currency which will again be in favour of bitcoin which people like it for being decentralized. I think the government also realized a lot of people are already into bitcoin and the technology is much modernized and faster if they use blockchains, but I really think they will secretly hold bitcoins too aside from creating a cryptocurrency. A lot of investors have realized the use of these coins and decided they'll just join them instead of going against it. It's also a form of tactics on their end. You are absolutely right that governments have realized that they cannot control the prices of bitcoins because of its increasing popularity and a large number of users from all over the world. So they thinking of joining bitcoins and started investing in bitcoins to ensure their safety if bitcoin damages their country’s economy. They will invest into Bitcoin, but they do not care Bitcoin can damages their country's economy or not, because the profit they can receive from Bitcoin more than that. Although this word maybe is wrong, but this is my opinion hehe. |
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I felt like I missed a great opportunity at selling high and buying low when it reached 5k and drop to 4k a couple of days ago. Now it happened again from 4k to 3k. You think it will happen a third time, from 3k to 2k?
Every body want to buy bitcoin at the cheaper of $2,000 but may not be possible for now, even if China should ban bicoin, it's market value may not nosedive to the turn of $2,000. I don't see it coming though but if it eventually happen, that will create an avenue for people like me to buy more. Of course the price of Bitcoin can not decreases to $2,000 early in this year, not easy to dump near that price while the Bitcoin community very strong as now. But, remember it does not means the price of Bitcoin never drop down to $2,000 again, it will happen in someday. |
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If i'm desperate need in money, perhaps its time to break my piggy bank, I don't have earnings yet in bitcoins because this is my fresh start to involved in ad campaign, Perhaps in the near future i can grab a piece of it, then i'm gonna hold it for future purposes...
That is why it is best to have savings so anytime we will experience some desperation for money then we can get some money from our savings like in piggy bank. So if you don't have any savings then you need to build a solid emergency fund so even you will put the rest of your money into risky investment then you will not worry for worst case situations. I really appreciate your way of thinking if you will have money and you will invest your money in bitcoin it will make you earn in the future. But if you don’t want to cash out your bitcoin at that time then you should have some extra source of income or some side job with you and it also depends on how much you want and how urgent it is so there is another thing that you can take help from your friend as well but try your best not to sell your bitcoin. When you are in need of money, you should take help form your family, friends and relatives. As far as saving bitcoins is concerned, indeed it is the best method of producing large profits but it takes time and if you really want money on weekly or monthly basis, goes for some day job. Actually if you can make a profit enough to help you use those amount of money to live in one year, you do not need to worry how much profit do you can earn every day! Why do you need to care about this issue when you can earn a lot of money once of year?  |
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Should I Invest In Bitcoin?
If you want to change your life for the better and become someone who lives the dream of others, then you have to take risks. You have to be different from others if you don't want to have the same fate as others who suffer. Choose to be someone who fail but tried and always tries rather than being someone who doesn't do anything that doesn't fail but also does not move forward. Hope you absorb this advice. And always try. Goodluck op. Yes you should invest into the bitcoin because it is more reliable than any other business. And it may will give you the profit at the next moment you buy it. So it is smart to invest in such business in which profit rate is so high and which can stabilized your life and give you lavishness and a lot more. Stabilized our life??? Bitcoin can not does that, it not helps anyone has a life comfortable easy like your said. Everything depends on your decide, if you do not hold or trading your Bitcoin as a smart investor, you never become rich and have a life comfortable  |
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The price of bitcoin going up to $250k is possible, because bitcoin can shoot up in minutes and the other it falls a little. The year predicted for this hight is kind of close.
The only way the price will shoot up to that hight, will be when the total supply of bitcoin is lower than the total number of people in demand.
I believe the potential of bitcoin is large but we have to be realistic, such a rise would mean the immediate downfall of many currencies, especially the US Dollar which in my perception is bound to happen, but in due time. Just give it 1 decaded and bitcoin/blockchain will guide the world. Of course, everything is possible happens and Bitcoin also can replace Dollar in someday if it has a huge number of user. However, not easy to make that future become the truth, maybe it only my dream |
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I don't think bitcoin is going to fall, but I agree that it is necessary for bitcoin to correct a bit, to shrug off weak hands, and start heading towards new highs. I do not think bitcoin is a threat for the dollar..
That's quite true, a correction is always needed if an asset's value increases way too much in a short span of time. The correction is done so that the assets value increases with more stability and others get a chance to buy it a market price. Bitcoin is at reasonable price now and I think many are buying it these days. Bitcoin is never a threat to dollar, not only dollar but any currency. People who say its a threat should look at the technology it has and the way it runs. Yes the correction in the market is always there that's why it give chance to the investors to buy at the cheapest price after the coin reached new price high but because of that correction it also lead to make a panic move in the market because of the weak hands. Week hands? Haha, it just by you are newbie and have not much experience on this market. Even I am a trader from 2016 till today and I had saw many FUDs of the whales, but I still doubt the future of Bitcoin many times. |
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The trading volume before few years was dominated by the Chinese exchanges (+fake volume in some cases) but actually it is dominated by the Western one. For the bitcoin holders, it is hard to estimate which part of the world owns more bitcoin but what it is clear that BTC will not be affected so much in case of a total ban.
The Chinese government relishes banning/blocking everything they perceive as a treat to their power. From gmail, google, you tube, Wikipedia, facebook and many more, that has not stopped these companies from growing from strength to strength. It will be no different with bitcoin. Indeed, i doubt that the Chinese mesures will affect the trading volume in Chinese yuan if the exchanges started operating in the territories out of the government control. Banning bitcoin isn't a solution since people will continue buying and selling it peer to peer using localbitcoin or even in the dark market... Bans Bitcoin just makes the cryptocurrency market become worse than the past, it cannot stop Bitcoin users trade their coin. And like your said, Bitcoin will be currency for dark market. |
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Hi All,
I have just over £500 to spend and I'm not sure where I should be investing this.
Do I buy a small fraction of a bitcoin or buy 2 ethers?
What would you do?
I'm looking for some long term investment.
Also, i'm hoping to contribute £100 per month towards either one but not sure which direction I should be taking.
Many Thanks
For me, I can say that bitcoin is more good in investment than all the altcoins. £500 is a enough money to start a long term investment in bitcoin. Bitcoin is very profitable so It is better to invest your money to the bitcoin. That's right, before invest into any cryptocurrency on the market, you should spend your money to buy Bitcoin first. Because Bitcoin is the main pair and is the crypto you want to withdrawal your profit from here. |
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I truly believe in bitcoins. I believe it is the future of finance and it will forever change how we use money. However, I would say that bitcoins is just a jump off point of sorts and I think governments will just adopt the concepts and frameworks it has laid down. What will happen is that governments will ditch physical paper money and coins and go with cryptocurrency in their own way.
Actually, I do believe to the great potential of bitcoin and I think it will help me to become rich in the near future and I do believe that it would happen because as of now many people become rich and I they get rich because of bitcoin. Lastly, I think bitcoin is the key to become rich. You can not depend on Bitcoin 100%, it not only way to helps you become rich. In our life, we have many ways to make money and we can improve our skills, knowledge to become rich. Of course, in present, Bitcoin really a good choice for unemployed like me, but I still do not want to put all my trust into it. |
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Well, no one can guess the bitcoin economy system in the future, because bitcoin was increasingly growing, it all depends on the users, I guess if everyone is using bitcoin, then it will grow very quickly
Ofcourse we all do not know of bitcoin will be successful in the future or what will happen onto it. But for bitcoins status now, we can clearly see that is is really being successful and if people will continue to use it I think it is possible for it to grown more and be the best ceyto currency. We just have to keep going and still use bitcoin. In my opinion, if Bitcoin can become a payment method or payment gate for transfer money like Visa, it will better than become a currency and compete to FIAT. Because Bitcoin compete to FIAT = die, the government does not want to replaced FIAT by Bitcoin - a currency control can not control. |
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Bitcoin journey is still very long. Of course, bitcoin still strong to climb even higher. Present condition, only a momentary decrease no need to panic. Because we have to remember bitcoin is long enough to be at the bottom.
Yes of course, bitcoin value was still growing up in the future. In my opinion it seems bitcoin price now in the market was smoothly raising up after banning of ICOS in Chinese country. Hopefully that China will unbanned it to increase more the bitcoin price sooner or later. China is causing chaos for Bitcoin. banning of icos in Chinese country, there is no real problem. I think the Chinese are trying to push prices downward Bitcoin and collect it China has a big influence in bitcoin community, one of the big cryto exchange is china was already banned because of transacting illegal and it has a big effect on the bitcoin value and we feel that specially for the big investors but i know that bitcoin value still have a big chance to increase before this year was end. Sometimes, I can not understand the whales and the mentaltity of traders on the market. Example do you remember the time BTC-e exchange offline down by FBI? But the price of Bitcoin did not fall down much, it just breakdown from $2,9xx to $2,5xx in short time and keep that price. But check again Chinese exchange, is really China have a big influence than an inter exchange as BTC-e? |
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I do not really see this as any news since Chinese never came out to say they were banning bitcoin in the first place. Some whales only took that as a means to make gullible people react to the market so they can buy at low price. Good for those who fell for it.
Yes actually it's true Bitcoin was expected to fall below $4000 earlier than this Chinese FUD has started. I don't know why people are panicking like hell by seeing FUD news. On top of this JP Morgan CEO's news had reached main stream media and people that this is the end. Some people can't digest BTC going down a certain percentage but when it's going up they'll be yelling at BTC like "Go to moon!" It is because they're not mature enough when it comes to the deepest meaning of bitcoin, which in the end they got panic when the price goes down, however the present value so far is little bit recovering anyhow, I guess this will continously go up going to the moon. Those who are doing panic selling with bitcoins, I will advise them not to give up on their coins that easily. Bitcoins are soon going to pump and most probably they will touch 5k dollars at the end of this year. So no need to go with the flow, rather keep them in wallets for being a part of next epic ride. Actually today, the bearish trend seems has ended, if you still want to sell your Bitcoin as panic seller, you only give up your chance become rich to others. Therefore, hold your Bitcoin not is bad choice, even it can helps you earn good profit in next time. |
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So in trading how do you deal with loss? For example you've invested in an alt and now it has fallen quite hard and you're on the brink of losing all your bitcoin you invested in it.
How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?
actually it is happening to me at this time, starting from china forbid ico, altcoin many throw their prices up to base. I am losing up to 50% of the starting price, and for now I prefer to wait and hold my coin until the price stabilizes again. I think this is final choice for you, because if you accept your loss, you did not need to wait the price of them fall down and make you have a big loss as 50% of the starting price, you can sold it when the price still high and take loss ~5-10% in few weeks ago. |
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Go against the market sentiment. Price is likely going to correct at least a little bit for rising so much in the past day or so. Right now it's at just under $4000 and i wouldn't be surprised that we see a dip down to $3700 or less first.
Buy the dips, not the highs.
I mean you could buy now but not only will you get potentially less profit you could also go into the negatives real fast if people panic dump like last time China came out with the news of banning exchanges.
its very a risky moves when buying without any knowledge regarding to what will happen in the following days, bitcoin shows another downfall and we are ain't sure if how what's the dip and where we will going to place our entry better to keep analyzing and study the market before investing again. Maybe, we are staying in new cycle, even a bearish trend might be started and now just is bull trap or recovery of the price of Bitcoin after dumped to bottom price of the cycle $5,000. I think we should be waiting more time to keep safe our profit and funds. |
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Arguably, BTC is already global, as it can be used all over the world, by anyone and easily transferred anywhere in the world.
How come it's a already global while other countries seemed to be hesitant of accepting it as their legal currency? Even everybody is already transferring it worldwide, but it doesn't guaranteed it's globally accepted. Right now this moment as we can see bitcoin price is undergoing sudden crash of price, well maybe investors were still in doubt and still affected of those negative speculations behind. And important, Bitcoin like a currency for user because it can not manage by someone, exactly is miner are people decide Bitcoin can running or not. If someone can own higher than 51% total hashrate, they still can control Bitcoin network, although nobody can do that and it is the theory only. |
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Most ICO's here use ethereum platform, so I think it's best to keep some ethereum. A lot of ICO's are directed to ethereum and most projects here requires ethereum wallet. So, it would be a waste if you will not keep ethereum for your self. There would be no way for you to trade the coins or tokens you will earn.
Simple you can understand if you are holding Bitcoin because this coin is the King on cryptocurrency world, why do not spend your money to invest into Ethereum? It also is an altcoin #2 on the rank of coinmarketcap  , additionally it has a strong community miner GPU + investor from the ICO market too. |
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Most of us have a daily responsibilities.
How do you manage your time in trading and in bounty campaign as well as researching for the news and updates of your favorite altcoin?
I think that i am really good at time management because i use to work 8 hours a day in my job and i still get a time to work on signature campaigns and manage my deposit on trading sites. Use mobile phones while your on the way to your work so you can still access the internet. Nope, you should not try to use your phone to work when you are coming home, because it makes you do not focus and easy to cause traffic accidents, make money not important than your life! |
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I shall start buying when the price drops another 5 to 10%. That shall be the bottom as there are still demand for bitcoin.
Just don't be too greedy with waiting for the bigger dip. We already know that bitcoin has the potential to go as high as $5000 quite easily. So as soon as we will enter Bull market price will soar, Chinese drama is here to bite us in the ass like is used to do in the past. And exactly like in the past Bitcoin will grow stronger this time - every single price decline is just another good entry point. Don't waste it. When we think that the price is already affordable then grab it, for now btc value is increasing so maybe you already lose the big shot when it dumps last week but still fine for buying today. Forget Bitcoin, you have missed last chance for buy it with cheap price in past days. I think you should check altcoins, today we have few altcoins with good trend like Ethereum, BitShares ... can scalping trade. |
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I think in the presence of bitcoin will reduce unemployment, because searching for bitcoin also requires hard work and creativity, and competitiveness in bitcoin is also high almost similar to work in the real world
What is your opinion this time?
Nope. I don't believe because bitcoin nowadays are very unstable so that many people are starting lose because of it's dumping. And also bitcoin doesn't make any people rich, hmm, sometimes I guess if that person work hard for his life but if that people only rely on bitcoin nothing will happen. l think bitcoin doesn't reduce rate of unemployed people rather making it worst. All right, the value of Bitcoin will make the unemployed think it is best choice to invest and hold in long term, because there are many people only holded Bitcoin can become millionaire from few years ago till today. It will create a speculative and nobody want to work, just hold and enjoy profit lol. |
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