I introduced a friend to bitcoin in 2016 and he bought 20 bitcoins at $455 somewhere in January 2016. He now sold all of them at $1005 per bitcoin. After bank fees and trading fees, he made a profit of about $10 000 in a year.
The best interest rate he could get back in January was about 10% per year. So his profit from bank interest would have been +/- $910 for 2016.
Even after Tax has been deducted for Capital Gains, he will still Net a profit of about $7000 for the year. He is a very happy chap now, and I got a expensive lunch out of this deal. ^smile^
#Disclaimer : These are calculations done by him, so I do not know how accurate they are. Just thought I would share it with you.
Would you risk about $10 000 now, to possibly copy his success? Those were very uncertain times, when he had to make that decision back then.
I bet your friend should be regret selling its 20 btc at $1005 after seeing right now price. But he's doing good for holding it until 1 years. Not so much are like him, mostly dont trust bitcoin. well, by the way, if I have big mount of money, I would take a risk for investing in bitcoin. Because though right now I just have a small money to investing in it, I've already gain a quite big profit. And the bank interest you mention on top, I guess Its the best interest in the world. In my country, the best interest isn't more than 6.5% monthly. |
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Should I buy Bitcoin now or wait for some weeks? :-/
It is not too late for you to buy bitcoin right now, and keep holding it. Because this year it's price already jump 3 times since january. Don't you think it will be more valuable next year or in the future? You can wait for a little dump or even a huge dump, but you need to watch it's price movements all the time, because you'll lose it if you not. If you're an employee, you can use some of your money every week or every month to invest it in bitcoin, it's better than you keep it in the bank, though it will be safe there, but bitcoin is more profitable. it's your call now. |
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hello, I was wondering if major and smaller banks invested in Bitcoin or other Altcoins? I think they did but, the question is how? and with which methods?  of course any bank will never say it publicly.... someone who knows something can explaine the community? thanks The banks are holding its customers money, I think bitcoin is not a safest investment for any bank in the world, big or small. What I know, the bank truly used its customers money for stock trading, and what we've seen in the acount is just a digital number. Anytime, customers could get their money back, but the bank set the transaction limit/day. So they can managed it. But invest on crypto currency, with it's fluctuation, I dont think they can manage their capital and customers money in it, except they can controlled it. |
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Hello to you. What are the best sites to win free Bitcoins in less than 60 minutes of time ?? I already know https://freebitco.in/ but to win Satoshi, you have to wait every hour (1 hour) of time. It is too long. Are there other serious sites that give Bitcoins in less than 60 minutes ?? Thanks in advance for giving me these sites there. Well, if you just want to earn a tiny free bitcoin, you can do that kind of wasting time job every 60 minutes, but what you get, is not even worth with time you spend. Actually, there are no such thing that can give you 1 btc in short time. Though you're doing a sign camp on this forum, you need to patience, more learnings and also there are some rules to be remember. So nothing was easy. Use your special skill, and earn more money. then buy your bitcoin. I think that was a simple and short way to win what you want. |
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Sounds simple enough, right? But that's actually easier said than done. There's alot of "ifs" in your plan. You're just pretty much hoping that the markets move the way you would like it to. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and my total btc is 0.384xx. Then what if the price dumped more after you bought at $3900? What would you do now? Panic sell? The bitcoin market isn't gonna hover around the $3900-$4100 price range forever. It could dump to $2500 next week, or rise to $5000, no one knows. Don't forget that crypto markets are super volatile. There are so much flaws I can see with this 'strategy'. But if you could make it work, then good. Best of luck. ,yeah totally agree, its sounds good to me when you are actually at the right timing and always keeping an eye at the market price, but what if you cannot watch all the time? it is not that you are always sticking around in the corner and just watching the price, does it even sound boring or as what have he said what if the price suddenly goes down but you bought not at the lowest? you'll probably panic sell or much wiser if you hold it then wait til it pumps back. this has caught my attention, then how do you handle this situation? I know there are flaws, will you still hold? what if it totally down to the deepest dip? how do you handle it? Luckily, everything you say is still in the "if" circle, and I have not experienced it, I do not expect it that way. I know and you know, if the price goes down, then all we need to do is buy more or in bulk. Because bitcoin will always go back up. Am I right?. So, if a huge dump occurs, I will increase my capital, and buy in large quantities. |
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5% of the total Tokens is Huge. Assuming that we have a Hard Cap of 30M then they would buy 1.5M SCL with BTC as the currency
1.5M SCL is approximately 400 000 USD for Buy Orders
400K USD = 93 BTC
If you are familiar with trading I believe you already know that BUY orders increase the Price?
Other ICO are actually doing the Opposite.
Half of the Tokens are for the DEVS and only half are available for ICO Investors
Once they DUMP the coins then that would create a BEARISH Trend. The DEVS of other ICO are actually the Whales creating SELL Wall.
In SCL the DEVS are creating the BUY WALL creating a Bullish Trend
I know that there is always a RISK but I believe in the Platform thats why I invested.
That's exactly right. We will be creating a buy wall, but not just at the smallest price possible - we will help drive the price of SCL upwards. We will also be hosting a community vote over the next few weeks to see if users would prefer us to hold our 5% under smart contract for 12 months. Can you tell me how much the smallest price possible in SCL? And how can I cash out my SCL, when the buy back period begins? |
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So far you have done well . And market goes as your expectation . what would have you done if market price were not drop to $3900?
Obviously, he will keep his bitcoins and wait until the dip occurs again. If you are saying that the prices will keep rising and will never dump again, it does not gonna happen. On the other hand, even if this was the case, he would be still earning huge profit by doing nothing. He has some good trader skills. He's Right, I'm focused on my bitcoin amount, not the price. So, if I sell some of my btc at $4100, I'll buy back again when the price below it. Maybe at $4000 or $4050. This is crypto currency and this is bitcoin, there will be always a fluctuatuion.that was One of its character, and thats why, many people love it. Because with its fluctuation, you can earn more profits. |
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With bitcoin price fluctuations were common, so there is no next week or further week to get the bitcoin for the lowest price. Recently the price went low as $3900, during which majority of the users sold their holdings thinking it an crash. So can't predict the reality.
Sadly, I miss that little dump recently. So I think I'll wait till november, thought there's a dump time when the segwit2 in action. And I Do invest some btc into eth because there be a pump on september or october , I've seen the pump is already begin this monday. People are using its fluctuations to get profit, So , when I post this thread, I think its surely the last chance to buy bitcoin at that price, because it's hard for bitcoin to come back at around $2k. |
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1st does not always mean better. COmpare Friendster and Facebook.
I just believe in SCL that's why I invested.
1. The DEVS are not holding any SCL. It will only be minted once we purchase with ETH in the ICO. This will increase SCL value since there are no DEV Whales dumping the coin)
2. Buyback Program with BTC will increase the SCL value since it will create a bullish Trend
3. Visa Card, Marketplace and Ad Platform will use SCL. They have to purchase SCL therefore more BUY orders that will increase the value of SCL
4. Social.nexus is no longer a Promise. We are using it now
5. NO new coins will be minted after the ICO
6. The Hard cap is determined by the number of Investors. I estimate now @ 30M SCL total circulating supply
7. Privacy is always a +
I wonder why it's buyback program with BTC will create a bullish trend? DO you have a prediction how much the SCL price after it's launch. I need to convince my self to invest here. |
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Masterluc a Legendary Bitcoin Trader
now predicts that Bitcoin will reach $15,000 before the end of this year. What’s more, he believes that Bitcoin will reach a price of $40,000 - $110,000 by the end of this bull run. He gives a timeframe of 2019 for that price target.
While these numbers seem absolutely extraordinary, many traders have noted that the recent “bubble” doesn’t seem so bubbly after all. Bitcoin has not yet gone parabolic as it did at the end of previous bubble cycles.
No guarantees
Of course, as any investing prospectus will tell you, past performance is no guarantee of future gains. It remains to be seen if masterluc is correct in his predictions. If--and it’s a big if--he is correct, there are going to be a lot more Bitcoin millionaires by 2019.
Do You Agree?
This is so Interesting, If you believe this prediction you should buy more on november, because there will be any hard fork on that month. As I've seen at the cryptocc calendar, maybe there's a dump of bitcoin and that was a discount time for me and others who believed in it. There's a lot of prediction have been made and post on this forum, It seem everytime Im seeing it, its become higher and higher. And I hope thats mean something. |
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Where to report a cybercrime?
To the nearest police station, just as you would report a normal crime. Some police stations might have specialized teams to deal with cyber crimes, which may help you. It is good for you if there's a nearest police station that having a specialized in cybercrime. In my state of country, there's nothing in the police station who specialized this crime. except maybe in the capital city. Its a huge problem as long as we use this cryptocurrency as investment, You can't get a cybercrime protection. may I know what kind of crypto crime over you? Private key stolen or wallet hacked. Or maybe something else. |
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Many posts discuss the possibility of exchange earnings with selling Bitcoin (and buy later). Other posts discuss the Bitcoin exchange rate, it seems that many agree there is a strong upward tendency and the volatility is hard to predict. It seems dat selling Bitcoin results in a serious probability of an opportunity loss. Selling Bitcoin can only be motivated by an (partial) exit. Do you agree?
Selling bitcoin is an opportunity of losing huge profit in the future. Yes, I dont doubt it. It is good to use bitcoin as a long term investment but if you want to do trading with cryptocurrency, you should do it wisely. but still, Long term is the safest, and most easy investment way to do. Because you must not always watching a movement of the price every time, like other day trader do. And stop selling, but keep buying in the right spot, then take huge profit later. |
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Right now, price of the bitcoin cash is higher than ethereum, Though eth market cap still above bitcoin cash, but it seems there's a big chance that bitcoin cash will claim a second position below the king (bitcoin). even the industry expert are predict that after 3 years, ethereum will overtake bitcoin. But what we've seen in this last couple month, there's no significant movement of it. While the bitcion soaring even higher. This is what will happen in next 5 years.
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Do the rich now begin to invest some of their money in bitcoin?
I think not all of them, just around 2% or less. Because their still seeing this cryptocurrency investmen wasn't safe because its decentralized. Those who have Huge money on their account has their own calculations if they want to do an investmen. Calculating the possibility of profit and loss. Some of them are bravely enough to take a risk, but most of them are not. They choose a safe investmen than a risky one. Cryptocurrency is a risky investment, because of that, just some of them who enter this crypto investment. |
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Right got a decent sum of money being transferred and should be ready to trade in 2 days.
Plan is to invest it into Ico's that i find interesting, maybe 10 ico's.
Should i be investing straight away due to the upcoming metroplolis updates next month?
How do you reckon the price will go over the next few weeks?
I've investing my some btc to this eth, And I had time to think that was a terrible mistake. But after I pay attention to its weekly graph, I think its time to eth for comback to around 0.1. Well I dont have some of theory for proofing it. But I just believe and heard good news about eth, Like iDice news and others. |
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Bitcoin price keeps increasing. Price is x10 considering last year. Even 25k-50k-100k is predicted.
Are you adding more bitcoin by buying with cash? or you trade or invest in ICOs & altcoins in order to increase the amount you have?
or do you just hold what you have?
Of course yes, have you seen its movement this year? its already jump 4 times since january to august 2017. This year was absolutely awsome. I decide to put my 20% sallary every month on bitcoin. I thinks its more profitable than save it in the banks and with very low interest. However, there's no green candle all the day, but also there's a red. All you need to do is believing with bitcoin, that it will be always come back to the top. |
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I was just wondering. Where are you trading with 0% trading fees or did you already subtract the trading fees when you did these calculations? I have to pay 1% trading fees and withdrawal & deposit fees in some instances. I have another strategy : Buy on the dip and sell on the high, then withdraw profit and rinse and repeat until you have withdrawn your initial investment capital. < Once this is done, you cannot lose any money if this experiment fails >
You will then trade with your profits. ^smile^
well, its my bad to dont subtract fees as your mention it. though its just an example, and 1% of it are not even $1. by the way, I use Order function in my trading site, and I just have to pay 1% for order SELL, but 0% in Order BUY. Of Course I have to pay 1% for withdrawal but also 0% in deposit. So I think, it's not a big deal, while I just trading my little money.  |
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Your strategy is good. But I recommend you apply it to the sale between BTC and the Altcoin. The altcoin is easier to control on volatility than the BTC.
I doubt its right dude, because what I'm seeing in altcoin i.e ETH, I've some of my btc stuck there, its movements are so damn slow, in the other side, bitcoin keep on rising, and my btc on eth keep on drowning. but I have no idea with other alt, but I don't chose this strategy because of that. |
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Sounds simple enough, right? But that's actually easier said than done. There's alot of "ifs" in your plan. You're just pretty much hoping that the markets move the way you would like it to. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and my total btc is 0.384xx. Then what if the price dumped more after you bought at $3900? What would you do now? Panic sell? The bitcoin market isn't gonna hover around the $3900-$4100 price range forever. It could dump to $2500 next week, or rise to $5000, no one knows. Don't forget that crypto markets are super volatile. There are so much flaws I can see with this 'strategy'. But if you could make it work, then good. Best of luck. ,yeah totally agree, its sounds good to me when you are actually at the right timing and always keeping an eye at the market price, but what if you cannot watch all the time? it is not that you are always sticking around in the corner and just watching the price, does it even sound boring or as what have he said what if the price suddenly goes down but you bought not at the lowest? you'll probably panic sell or much wiser if you hold it then wait til it pumps back. well, I've say it before, I'm not watching the price, because though its goes down deeper , it'll come back where its belong,even more. you know it, I know it. Others know it.but I'm watching my bitcoin quantity, So , As long as My Bitcoin quantity increases, I'm seeing it as a positive movements. |
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Yes mate, you are doing absolutely the way it should be. It doesn't matter how little you increase your bitcoins, the goal is to increase your bitcoins.
I guess the only challenge that I face is knowing the perfect timing to buy and sell. I assume you are a full time trader who focuses at prices 24/7.
actually, trading is my side job. I work 8 hours a day, Monday till friday, but I'm working a lot in front of my computer. And my work doesn't disturb me while doing this. |
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