No, I'm not disappointed in trading but I'm disappointed in my ability to trade. To be a good trader takes knowledge, experience, some luck and patience too. I didn't have enough of neither of this so I got out of trading. This is risky business that requires your full attendance but if you fail it's not up to trading but up to you.
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Many people quit trading for various reasons. Some of not good results, lack of funds or big losses. The thruth is that Bitcoin trading is not so easy anymore and the most experienced, dedicated and skilled have survived in that business. But if you have lost more than you have warner and if you can be on trading platformes 24/7 than is better to quit.
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This is prety much individual decision and depends on individual needs and point of view, the goals that you have. Personaly, I think there is no need to sell, unless you need funds but it would be profitable to hold long term and its always better to earn as much as you can. But every trader knows the best for itself.
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I think this is possible. We are heading towards cashless money, although I think cash will not disappear entirely, but fiat as digital version and Bitcoins could co-exist and that is the future. Aldo I don't think that credit cards will disappear, some forms of physical payments will be kept, at least for a while.
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Trading is still profitable but it's not that "easy" anymore and its not for everyone. I remeber that some time ago almost everyone did some trading but now only the most experienced and skilled can make good results and have decent profit. That is how I see trading situation at the moment.
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Don't which country are you in but you can go for Paybis. It is amazing exchanger site and I have used lot time it is trusted and they are on bitcointalk forum also. They allow credit card use also. Checkout my signature for quick intro. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Although Paybis is a good site for these type of transactions, I would suggest the OP to look for some local trustworthy trader or exchanger. These exchange site's rates are so high that you will not buy from them. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Exactly, I would also recommend finding some local trustworthy trader and to my opinion the best place for this is localbitcoins. You can communicate with him in your own language, buy Bitcoins in your local currency and through your local bank if you wish so. And the rates are more acceptable.
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Maybe you have enough Bitcoins to buy a house but the real problem would be where will you find someone who would wish to sell you a house for Bitcoins. People are still reluctant to accept Bitcoins for the goods because of the volatility of price and they feel insecure. And so far I haven't seen any real estate agency who would offer their services for Bitcoins.
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The easiest and the most convenient method to obtain Bitcoins are signature campaigns. Others are jobs that are paid in Bitcoins, especialy popular are freelancing sites that offer varitey of jobs profile for everyone. I wouldn't add gambling on that list because it depends on luck, it's not secure source of Bitcoins and you can loose more then you win.
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No one likes to lose and its not easy to cope with losses but the first rule is not to invest or trade more then you can afford to lose.It's not always easy because the feeling can overflow you and each time you can think now it's my chance, my lifetime opportunity to earn big time but you have to learn how to control emotions and trade rationaly and wisely.
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Nope, Bitcoin is not dead, I will repeat that. People just raise panic without reason and I think experienced bitcoiners know that and they are preparing themselves for future price rise in silence. Price hasn't fallen that much and occasional fluctuations are quite normal, everyone knows that.
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Both is good. It is up to the person which he is good at and which he is more comfortable to do. Others will say gambling is better and others will go to trading. Both have risks but can be lessen depending on your skills.
Trading is good only if you know about it and can monitor the market on a regular basis if not trading it not good for people. It needs a more skill and time to watch the market news to buy and sell at the right time. If one misses the time, then it 's hard to make a good profit from trading. Hence if you don't know about trading then better go for investing. Agreed if you are into trading then you need to be very active in it and you need to have a close watch on the price movements 24/7 as you cannot afford to miss any fluctuation as it will take away from you the opportunity of making good profits. Yes, trade requires constant attention. Therefore, every person who wants to engage in trade should be able to go to the site at any time. When investing a permanent control is not necessary. Enough to give this a little time. yes that is very true, trading really need your full attention. if you will remain alert then you will not miss a single chance to trading to buy or sell bitcoin in a right time. I agree with you. I used to want to trade as an additional earnings after the main job. But I did not succeed. After all, I could not trade at the right time, I traded only when there was an opportunity. I had the similar problem. I haven't succed with trading because this is actualy full time job if you want profit and success. You should be present on the market 24/7 otherwise this will not work. Occasional trading can't give you much earning. Also I didn't have eno funds to invest but I have learned my lesson.
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I have few Bitcoin ATMs in area where I live and work. But I have never tried them because I just don't have that habit to use them. It's much more convenient to me that I buy or sell my coins online, on localbitcoins. But it's good to have ATM option and I think that can contribute to popularity of Bitcoins.
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To establish Bitcoin bank, Bitcoin should be fuly regulated and under control of some central bank, government too. Many Bitcoin users wouldn't like and approve something like that although that could have some benefits also. But so far I don't think there is "danger"of any Bitcoin ore crypto bank anywhere in the world.
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no matter what happens bitcoin price will surely increase in the future no matter what happens
Not everyone has that much faith in bitcoin though. Some are shortsighted and those who trade frequently are more likely to panic sell. Yes, it seems that some users have lost their faith in Bitcoin any many of them are prone to panic selling. But I think there is no solid reason for panic and experienced traders should know better then that. But it's easy to react on current issues on the market although is always better to keep the cool head and think twice about every decision
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Don't invest anywhere who promises you enormous profit in very short time, ponzi scheems ans so called easy money in general. I would also avoid gambling. Although it might look tempting it's very easy to lose money then to,earn it. Good choice could be altcoin trading, lending on Poloniex and investing in shares.
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Unfortunately I'm not in 21 club. I wish I was, this is a very nice sum. The worst thing is that I had great chance to owe such amount of Bitcoins and even more but I've missed it and missed my opportunity to get a very well backed up with Bitcoins. Anyway, my congratulations to everyone who has 21 Bitcoins in the wallet.
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I'm trying to hold my Bitcoin as much as I can but sometimes I also sell them. I.try not to buy them, they are expensive now, but to earn them as much as it is possible. The bravest traders have earned the most and the last period was good for skilled and experienced traders to enlarge their profit.
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I use blockchain wallet and have also mobile version. It's very convenient and practical and so far I didn't have any issues. But I don't keep large amount of coins. But some features or better to say lack of features sometimes are getting on my nervs. I also have Mycellium wallet as an alternative.
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It's not just USD that can be used for illegal activities, it can be also other currencies. The thing here is USD is the most valued fiat all over the world and many countries accept it.
yeah not only USD but all currencies in the world. during the currency is valuable and can be used to buy, then it could be used for illegal activities. very simple Exactly, every single currency in the world could be used for illegal activities. The most valuable and and the most accepted are also most used for illegal activities, including US dollar and also Bitcoins. That was the big problem at the begininig, and also in a way is now, because Bitcoin was often accused as a criminal currency.
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What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?
this might ring a bell. If law of demand is applicable, lot of supply= low of price. So I hope this will not happen in a whole country, but if its group of people, it will not affect that much. I hope not many people who sell their bitcoin today. so that supply is not so large that the price will rise but usually after the price rise. panic selling will occur Lol Sell mostly novices and too much alarmists. Experienced investors quietly buy up cheap bitcoins or simply keep the existing ones and wait for the price to rise. Those who sold now bitcoins in the near future will very much regret it. I agree. Experienced Bitcoin users and traders are doing their job in silence and preparing themselves for the future price rise. Others are just making panic without any solid ground for that. Selling your coins right now it's not very wise decision but anyone who has possibilities to enlarge the number of Bitcoins should use it.
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