Biggest regret about bitcoin is that, selling my bitcoin into fiat currency 5 months ago, If i can control my emotions in the past days, surely i had a lots of money by this days., Who knows bitcoins increases its value by times 10 fold in just 5 months.
That is 98% reason of the people to have the biggest regret that they have about the cryptocurrencies like bitcoin and many more. I also sold my coins for a cheaper price but i don't regret it because i know that is a lesson that i need to remember in order to do better decision making that will give me better results.
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Bitcoin is still the king for me and i will choose bitcoin over the other cryptocurrencies even that is ethereum or what. Bitcoin will have a huge run for this year, for sure because the whales are just manipulating the market and because of the bots that is executed, it helps the whales to take control of the market but after a few months, Ethereum will still not have a chance to win compare to bitcoin.
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In my opinion, above 15-16 years old is the best age to discuss about some cryptcurrency to the kids that you know because if you push to teach them lower than that age then it will be a confusing topic to them since they are not yet so exposed to the internet and they are more into playing outside with their friends rather than learning something new.
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Bitcoin is important for me because it is my main source of income and i do bitcoin for a living and without bitcoin, i don't have a great lifestyle that i am enjoying right now. I can't go into different beautiful places in my country. With bitcoin, i can do all the things that i can't do before and that is why it is very important to me.
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The only thing that will make bitcoin saving not safe is when you don't know how to manage your account or bitcoin wallet. Saving bitcoin maybe just easy as what you think but the management of your account needs a lot of attention because that will serve as your foundation in having some comfort that your bitcoin are well placed and secured.
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Bitcoin doesn't crash occasionally, it just crash depending on the circumstances that is currently happening in the market of bitcoin and because of the FUDs right now that we have for bitcoin, it creates fear for the other people especially those who are newbies in this cryptocurrency world and that creates panic selling situation that decrease the price a lot.
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Of course, I will still buy bitcoin because as of now that the price is low and i think that it is best time get some before the price of bitcoin goes up into a higher highs this year because this year will be an another great year for bitcoin and other cryptocurrencies for sure!.
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Not really, how to say bitcoin is better in its sphere in terms of investing activities and gold is good in its own in the savings plan
bitcoin is better than gold for the investment. Gold is low a profit and low risk too but bitcoin is high risk and high return. I am sure that bitcoin will be great in the future than gold. Gold is just good to the people who want to invest into something that has a low risk and they want a long term investment that is safe. Bitcoin is probably the best investment for almost all the people because bitcoin never fails me to give some profits even though i am a late bitcoin investor because i bought bitcoin at the recently dip and now i am on profit and hoping for more.
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Bitcoin is a great invention and has experienced a lots of growth. At this stage, some disadvantages of BTC are: 1) high fee; 2) long transaction confirmation time (block time is 10 minutes, and there are many unconfirmed transaction in mempool waiting for confirmation).
That is true that the fee is now high compare to the fee of the past few years and the confirmation takes ages before the transaction gets at least 1 confirmation. I hope that in the next few months, the developers will have some improvements that will make the network of bitcoin fast and cheaper again.
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Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...
What's your take on this, should I go ahead and quit?
Thanks
Its your decision. Analyze your situation first if you have other resources other than your job then go ahead and explore. But if you dont you've got to think twice because your decision will affect your family so my advice for you bro. Analyze then make a good decision. That is right. People should analyze their situation first in order to understand the best decision to make because it is not about the hype that the people are making in the market or in the internet that makes you feel hype that you want to follow them because it is the appropriateness of your situation for your possible decision.
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It is so hard to predict on Crypto currency. In my opinion after 20 years bitcoin price reach 50k and its demand, value increasing a lot. Government started to accept bitcoin and legal it in their country.
After 20 years maybe the price of bitcoin is over 6 digits in USD because the demand for bitcoin is getting bigger and bigger and bitcoin is like the gold in the internet because as the years goes by, the price of bitcoin is literally going up and it is not just going up by 5-10% per year because it is going up at least 50% which is a great range for a return for an investment.
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The best way to earn bitcoin is through your hard work because if you have perseverance and you are working hard then it is not impossible for you to earn bitcoin. If you want to start earning then you need to build up yourself by studying and learning the different strategies that you can use in order to become good in earning bitcoin.
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It is very risky to turn all your money to buy bitcoin because the price of bitcoin unpredictable. So my suggestion is use half from your money to buy bitcoin. Dont sell anything like car, or house or land to buy bitcoin. Just use your money you have now.
The volatility that makes the investment in bitcoin very risky. You are right that the market is unpredictable but we can find some pattern in the market of bitcoins that will help us to determine if it is really worth it to put all of our money or almost all of our money. If we are going to based to the chart of the bitcoin it seems that the only way of the price is to go up and even though there are lows or dumps, it doesn't matter compare to long term price action so i think that at the end of the day, the risk of investing in bitcoin is not that high.
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I don't think so, digital currency will replace paper money, many country will never allow digital currency to operate in their country, they don't believe in it, they believe any digital come with huge security risk.
As of now, we cannot say that bitcoin can easily replace or ever replace the paper money because if we will look at the governments in different countries, we can say that they are not welcoming the cryptocurrencies right now, maybe because they didn't fully understand what are the purposes of the cryptocurrencies so i think that the cryptos still need a lot of time before talking about replacing the paper money.
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Bitcoin investment is very risky, if we do not dare to take risks then we will live a normal course, dare to take risks is important to make us successful, if we fail later will make us successful.
Risk is always there and that is right that we need to take the risks and in order to have some changes in our life because if we will not do anything or then nothing will change. We should not be afraid to accept losses by taking risks because those losses will be the best lessons in our life that we can use to improve our wisdom.
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It is better to explain them from the basics starting from the history of bitcoin, founders of bitcoin, wallets and explaining them the difference between legit wallets like block chain, bitcoin market when to purchase or sell, what to do when bitcoin price falls down, how to keep safe from hackers etc these are better enough to explain about bitcoin to a teenager or children.
It is not a must to explain all of the basic things because you can explain straight from the word bitcoin itself and what are the benefits of using it and why it can change their lives and i think that it is alright to tell them to do their own research too in order to not tolerate them to be a lazy person and depend on spoon feeding because that is not a good thing in the community to have a lot of spoon feeders.
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I appreciate bitcoin. thanks bitcoin i have a better life. I earn money without hard work. My life is more relaxed, I can buy what I like. Thanks to bitcoin, I became more financially independent.
So for you bitcoin easily give you the chance to have financially independent. For me, bitcoin is a source of income because i get the money that i need from bitcoin and without bitcoin, i will be nothing because bitcoin is the only thing that give me a lot of opportunities that changed my life like what happened to you.
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Bitcoin is a very popular crypto coin today, we know that Bitcoin will be very expensive in the future but I imagine if Bitcoin die, whether there will be hope for the future of altcoin? because most altcoin exchanges are to bitcoins your opinion is highly appreciated. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) It depends on how and why Bitcoin dies. Yes, there will be a drastic effect on the other altcoin but if the reason of Bitcoin is on the government banning then the other altcoin will not be affected too much. I think that if bitcoin will die by a cryptocurrency ban then it will be a huge news for the whole market of the cryptocurrencies and i think that will be the same reason for the altcoins to die because of the banning of the government will void all the people for using bitcoin or even altcoins.
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Of course we need to support altcoins because altcoins are the alternative for bitcoin and the things or features that we cannot find in bitcoin can be found in altcoins because of the different projects that are launched in different kinds of altcoins in the market so i think that it is really a good thing to support altcoins.
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There is nothing late to gt involved into a good thing like bitcoin, ever second is a new and we have to cheer up with the strength of past experience and getting expertise to next level, same with bitcoin, start up now with bitcoin and you will find newbies of bitcoin.
Starting in bitcoin right now is almost the same thing like before because if you will start bitcoin now then you will still make bitcoins and you can still earn because there is no difference from before and now except for the price of bitcoin that was cheaper back then but overall, it is the same and the only thing that bitcoin is waiting is you.
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