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My experience in bitcoin when i first started was awesome because i have a lot of friends that are willing to help me to become a good bitcoin user and also to earn good amount of bitcoin and it turned out great because i earned my first 1 bitcoin in just 6 months because of my friends who are always there to help me and guide me in bitcoin.
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This is just the start of bitcoin for being legalized in different countries, We are starting to be legalized in small to big countries and after at least 2 years, we can witness a fully legalized bitcoin in big countries like USA, Europe and other major continents and i hope china will end their ICO ban because it is a real pain in our bitcoin works because it lessen the possible high price that we can get.
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I will invest the half into mining so i can have a passive income which is a great way to have a stable source of income and even the coins that i will put the half will not get a good performance in the market then i will not feel bad because i have mining which will give me consistent profit each and everyday.
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Buy altcoins because you need to add some ingredients to your investment and it is boring to see that you are just investing in bitcoin and other major cryptocurrencies. You need to expand yourself and invest in some altcoins that have a potential in the future so you can earn big amounts of money.
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If you want to invest in ICOs that are more on being legit then observe their project, if their project is a great one and if their team was a solid team then you can easily tell that they are legit and do not trust the ICO that doesn't have experiences on their field because it is more prone for being scam.
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A whale is a player or a trader who got a lot of money and they can buy a lot or bulk of the coins or even a major percentage of the supply of the coin and they are going into cheap coins because they got the power in that coin and they can manipulate the market and that is how they make a lot of bitcoins because of the power of being a whale.
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Youtube is the best source for me. I would advise you pick any topic on Cryptocurrency trading and focus on it for a day or two you'll be good to go 2weeks
Yeah it is true. You can learn a lot of information about the trading world by watching in the youtube and also read many articles in this forum or search in the google about how to learn to trade. I believe that if a person wanted to learn of achieve something he or she must give time and exert some effort onto it. And for me one of the best ways to learn trading is through the internet itself. You could watch some videos on youtube or maybe do some research in google. And much better to ask people with some experience about trading. I also believe on that. I already done that kind of thing where i was just a newbie and wanted to learn trading and since there is no forum that i known in that time i used to search a lot of things in the internet and learn all it by myself and right now i can trade well enough to make profits for my needs. |
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Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?
If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.
What's your strategy?
many time i confusion when i order for sell and buy. all time i follow market cap. when investor come for buy sell. other i follow different exchanger if i see other market this coin increase i wait for sell. if i coin price decrease i sell recent. Do not follow the investors or the moves of the other people. You need to build your own strategy and build your own originality in order to make better trades in the future because if you will depend on someone or something then it will not become a great way to be a master of trading. You need to stand at your own feet. |
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Mining and Trading are two different thing.
To perform mining you have to use GPU rig but it is expensive to set up and it would use a lot of electricity.
While Trading is you only need to go to exchange sites like bittrex, poloniex and other exchange site to perform trading. The two are incomparable but using both do have the chance to earn profits.
Both have chance to give you profits but overall, it is cheaper to try trading rather than mining because you can see that mining cost too much money and you need to buy different hardware and assemble them and earn profit without any fixed amount while in trading you don't need to waste time getting hardware and anything like that because you just need to create an account and start earning. |
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The pump and dump is one of the beautiful thing in bitcoin and other cryptocurrencies because it will help us to earn money through trading and it is easy to take advantage since the markets of cryptocurrencies are always online 24/7 so it is a great way to make money.
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The best time for me to sell is when there is a bull run if i will see that the price of a coin is recently touched an all time high price so i will decide to sell my coins and wait for the dump because that is my observation that if there is all time highs then there will be a dump so i will wait for it and buy back.
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People should use bitcoin because it will help them to earn money and bitcoin can help them to reach financial freedom if they will retire because the return in bitcoin is really crazy and if you know how to have a lot of patience then it will pay off because a long period of holding bitcoin will surely give you not only around 600% gained profit.
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I think it is impossible to get bitcoin everyday because that is difficult to get bitcoin everyday because it is not like the fiat money that is fast to get because you need to work for bitcoin and not everyday you can get it so i think there is not chance or way to get bitcoin everyday because you need a lot of source of income to get at least a bitcoin per day.
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Bitcoin will always come back because that is the behavior of bitcoin for the past few years in the market. If something goes bad in bitcoin then it will react and the price will dump but it is just a good time for other people and they will buy more bitcoin and that will trigger bitcoin to come back for a higher price than before and surprise the people who hate bitcoin.
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Whatever the happenings in the market or overall market. Always target for long term and buy the coins at least in the top 5 so you can have a strong and stable portfolio of investment and you don't need to rush buying or selling coins because all of the things in the world has its own time so we don't need to rush.
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Whether it is ethereum or bitcoin, i always divide those two depending on my wants or main goal. My main goal is to build a solid long term investment with ethereum and bitcoin so i put mostly 80% if my coins in a secure wallet and the rest is putted into investment in altcoins in the market or investing in ico for a fast profit.
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You can increase your bitcoin if you will invest in different ico programs in the internet right now. There is a lot of good project that is soon to open or currently operating and it is up to you on how are you going to choose the best ico project, maybe do some research first and after that decide whether you will join or not.
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Yes i do. I do trade altcoins with bitcoin because bitcoin is the main cryptocurrency in the market of altcoins so if you have bitcoin then you can trade all of the coins in the altcoin market without a problem and it is easy for me to use bitcoin because i will earn in bitcoin also and the process of converting it into fiat is also easy.
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Hello ! So far I have not done that in the past  I have several questions: 1. What is the best site for this (I would prefer a site that accepts small amounts of BTC, such as ~ 0.005 BTC )? 2. What are the risks? 3. I suppose you have to buy cheap and sell expensive, but can I buy now and wait for a day, a week or a month to increase the price? 4. Is there a trust site that offers a non-deposit bonus? Thank you very much ! The best site for me is bittrex because there is a lot of altcoins there to choose from and the risks included in this type of way of making bitcoin is the volatility of the price of the altcoins so you need to be careful in buying or entering the market and you can hold it for a day, week or month because it depends on the profit that you want. |
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I don't experience loss very often because i don't check my holdings in cryptocurrencies but whenever i get a loss. I don't think that it is a bad thing that happened to me because in fact, i am good with it because i can learn new things that can develop the knowledge and the way of thinking by getting lessons from those mistakes or losses that will help me to become better.
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