My bigest regret is that I haven't bought more bitcoins when I had the chance. At the time O first got to the bitcoin the price was around 300$. But who could have predicted back then how the price is going to be today. So, there is no use in regret but I have to try now to use current opportunities to get the bitcoins in the best way I can. This is my advice for everyone else too.
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Just the wishes can't influence the bitcoin price but this situation now doesn't worry me. It's the correction that probably has also something to do with situation in China but that will not last so long that O would have to sell my coins. It might take a while to get back to 5000$ but just be patient, the price will go back on the track.
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Saving bitcoin for children could be one of the options to help them financialy but you have to have on your mind that bitcoin is volatile so at the end you might not have that amount of money you wanted. So to my opinion one of the solutions is also to teach them about bitcoins and other cryptocurrencies and how to use all the advantages. So, like they say, not just to give them fish but to teach them how to catch the fish.
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The truth is that you have to have some basic knowledge about internet and technologies to understand and to use bitcoins. You don't have to be an expert but if you are totaly lacking information that will not be good either. But I don't think that is difficult to learn some basic stuff so every person with average education can use bitcoins.
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Btctalk name: BingoDog Rank: Sr. Member Current post count: 928 BTC address: 1Pq7yw8fi5HBjLHK5iJwX6DpG7WYDdKU4n Wear appropriate signature: Yes
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No one couldn't predict then that the price will go so high and not many people had faith in bitcoin. Today it's different and everyone wants to have bitcoins but there is no use in regret for the past times. There are still chances and opportunities to get profit out of bitcoin you just have to recgonize it and take it.
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Somehow I don't beleive in that. As long as he wants to hide the identity and keep the privacy he will stay anonimous. Everything else are jus pure speculations. And because he is so mysterious it's so interesting to the people and everyone wants to be the one to reveal his identity or even claim being him.
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Besides the bitcoin the second best option is ETH. New coins are appearing each day tending to take leading place but just few of them have acctual potential and ETH is one of the best. Maybe monero isn't that bad option too, seems that it could have significant rise in the future and it's popular on dark markets.
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This would be really a high jump in a short period of time. Not saying it's impossible but if bitcoin goes up to 7000$ before the end of Semptember this would be a sensation. I'm more keen to the forecast that it will reach 5000$ or 5500$ and then probably stay for a while at that point. If positive trend keeps going then we could maybe see 7000$ by the end of the year.
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I have never heard of copy trading before but I'm not sure if this is working and how. I mean trading takes a lot of dedicated time and efforts and every trading process is individual so it's hard to imagine how this could work on a copy basis. This sounds to me like it could only lead to the loss of money because on that way you don't actually know what you are doing.
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Bitcoin has crossed a long way from the beginning strugling to be accepted and for the peole to understand it. Today is different, big progress has been made and although not enough bitcoin is respected as a new reality in financial world. Situation is not ideal but it will be better and better with time and bitcoin will become more and more powerful. One day it will be quite normal that everyone has bitcoins as a usual currency along with fiat money.
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Now the price is already above 4800$. If it continues to grow with that speed soon we will be sorry not to buy it at 5000$. But 100k still loks much exaggareted to me and I don't think it's possible. The truth is we should take every opportunity to buy coins when we can and create a chance to make nice profit in the future or in convenient moment.
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Bitcoin is mainly used on dark markets because it's much harder to trace than fiat currencies, not because it's criminal currency itself. But many people still think that so they need to be better informed and media could help with that if there was good will. Every currency could be abused for different things and so can bitcoin too and doesn't deserve bad reputation because of some people who use it for illegal purposes.
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I think that in the future more and more governements will accept bitcoin and not ban it. They have started to accept it as a new reality and something that they would like to use for their benefit too. Ban is no longer an option except maybe in some weird countries like Russia or Korea. I even expect from the banks to start offering bitcoin related services to their clients.
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I don't believe in predictions and I think that anything about bitcoin couldn't actually be predicted. Everything could be based on some forcasts and analysis but what will happen and how the price will be pumped or dumped you can't tell, especialy not when. To monitor the market is good but to be worried all the time about the predictions it isn't.
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Unfortunately these are situations that put bad light on bitcoin and that bitcoin is just another criminal tool. If I had that money I would pay if that could save the life. But I don't have such big amount of money and criminals always make good checks before they strike so it's not very likely this could happen to me.
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For me one of disadvanatges is the fact that the transactions have become pretty expensive because of the fees. Also, anonimity is not that strong anymore as it used to be and sometimes the confirmation time that takes too long. Also it's not equaly accepted everywhere especialy by phisical merchants. But this are all things that could be improved in the future.
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I think that with time bitcoin has become more stable, although still volatile, but not so prone to big crashes. This fall shouldn't have any special influence on bitcoin price, at least not in negative way and I expect that price will rise more especialy as the end of the year will approach. We are very close to 5000$ now so by the end of the year we could cross treshold and even go beyond it.
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I think it's brave decision to quit the job and go fully only with bitcoin. But some people don't have very well paid and secure jobs so bitcoin is the new opportunity for them to get better earning and create their own job. I believe that some who are very skilled and capable will manage to make success with bitcoin and improve their income and budget, some even make significant savings. I wouldn't dare to do something like that.
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Don't waste your money and your time by joining Pump & Dump groups. People operating such groups buy in before the masses and dump on them. Be careful.
I agree, you can't trust those groups and I have the feeling they are made only for confusing people and giving them false information. But some naive beleive those groups will help them to make money. You can't actually predict pump and dump and it's not wise to take your calculations and further steps based on pure speculation that could be completely wrong.
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