This is true that the bitcoin is becoming a global currency because of the different adoption of the government for bitcoin and it is really happening because a lot of countries are already adopted bitcoin or just starting to adopt it but we can already see the effect of it in the market price of bitcoin which is already on a high position.
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Yes, I do. I trade at different exchanges because not all the coins are listed in one exchange only because some of the coins that you like are located in different exchange and there is no choice for a trade but to create an account there and trade to that site also to grab the chance to earn money.
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It is impossible for the traders to have fixed income with bitcoin trading because the volatility or the movement of the price of bitcoin is not constant so it is not that easy for the traders to make profit with the same amount everyday because they need to analyze the market and find some good entry in the market to make profits but it is not that fixed income.
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The market will go up again after this first week of august because this is the only thing that keeps the movement of altcoins or even bitcoin slower in terms of market value because a lot of people are having doubts about the possible outcome so it resulted for a dump for different altcoins and a little dump in bitcoin but after a few days or even week, the price or value of the market will go up again.
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At the beginning bitcoin trading, I put about 50% of savings funds. After 3 months, i took my deposit. Then only trade from profit until now.
That is great that you are now trading from your capital alone and you don't need to worry about your capital because there is no risk involved other than the profit that you are using as a capital. I think that strategy is a good one because you are playing safe but still earning money at the same time.
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To educate yourself in investing in bitcoin then you need to do a lot of research about the things that are currently happening in bitcoin like the hard fork and also, every small details about bitcoin that are possible to be researched. You need all of those informations in order to become a good investor and also a decision maker.
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Panicking is only for those weak hand people who want to secure their profit but if you are a risk taker kind of person and you also want a long term investment and holdings to secure your future then you will not mind the current possible issues to be faced by the bitcoin users because it will not affect our life after at least 5 years.
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This is the best thing to remember, do not panic when the fork is done because there is nothing to worry about for long term basis because the only happening right now is all about the hype and you can't avoid that hype but you can ignore it. Just take a break from bitcoin and do other things and come back after the month of august and you will see that the forked bitcoin will become worthless (BCC).
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Bill gates do not use bitcoin because it is his investment and if you have investment then you will not use it or even touch it because it is preserved for long term purposes and the only thing that bill gates do with his bitcoins is just hold them and monitor them so he can see the changes and the possible profit or loss on his investment.
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What is so special about the August 1st? It is only a fork and after a few years it will be nothing to us and those developments for bitcoin is natural and it is always part of the technology, all i can say is, the next ath is on the way and we should be ready for that new ath because it will become a very huge pump for sure.
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We can't really say that the value of bitcoin is going up as of now because there is a threat which is the bitcoin cash and we can feel the effect after the fork in august 1st which most of the bitcoin holders feared about because they also believe that the price of bitcoin or value of it will go down significantly which will lead for having a huge loss in our investment.
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Before you invest to something, you need to make sure that you know what you are investing. You need to understand how it works or how their system works in order to sustain to last longer than you think and what are the pros and cons of investing to their system or project. Those are just reminders that can help you before you really invest in something.
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We need to be stabilize by having a lot of investors who can get the supplies well distributed because the only thing that makes the cryptocurrencies volatile is the supply which is more on the exchanges and not on the investor, if the supply will become less in the exchanges and if the majority will be on the investors then it will become easy for the cryptocurrencies to make it less volatile.
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I do agree that trading is just educated guessing because in the end of the day you'll will see predict the possible move of the candlestick in the chart that you are observing and it is part of guessing so i think if we will talk about trading then it is both learning and studying the market and also guessing and predicting the possible outcome of the chart.
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The only benefit that i know for saving bitcoin for a long time is we will be able to avoid the nightmare of our money which is called inflation. If we will have bitcoin for a long term saving then we can avoid inflation and also earn more money because the price of bitcoin is like always going up and that will add more purchasing power to our money in the future.
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If we will advertise bitcoin on T.V then it will become a booster for the popularity of bitcoin because it will attract a lot of attention from different people from different countries and that is what we are waiting for and there is a chance that the demand for bitcoin will go up also after the different advertisements because people will become aware of bitcoin.
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Bitcoin cash is nothing compare to bitcoin because if you will look at its price you can see that the price of bitcoin cash is very far from the price of bitcoin and it is just like a shitcoin for the market because it has nothing to do with bitcoin who already built great and strong fundamentals.
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Cash is not better than bitcoin because we all know that bitcoin is created to solve the issues or problems of fiat money or the cash so there is no valid reason to say that the cash it better than bitcoin because the only thing that cash gets better is its value which is fixed or stable.
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Bitcoin is a way to get rich but not an instant way to get rich because it is not that magic to just become a rich person by just having small amount of bitcoin and doing nothing. If you want to get rich you can reach it even without bitcoin because there is a lot of opportunities out there and it is all about our determination to become a rich person.
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I think after august 1, the price of altcoins will go down because the price of bitcoin will dump also after the possible pump of august 1 because people will secure their profits and they will just dump and buy back again when the market is maxed on its dump. In my opinion, those will be just temporary but they will go up again after the dumpers or bears will calm down.
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