Investing little by little is a good way to make an investment in a sense that it helps you to escape losses that would have been inevitable if you invested with all your money at once. With this idea, you buy when price are falling but don't be too happy to buy much.
Investing little by little is a good idea, but it is not diversification of investment. In my opinion, diversification is the investment you invest in many types of coins, investing in many markets, such as stock, gold and silver In my own opinion, investing little by little is a good strategy because in this way you will not lose all your capital when the market prices are dropping and in that way you can avoid losing your investments by selling your coins at its lowest price. |
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I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.
What do you think about this argument?
Yes it could be very difficult to use like our fiat money because of the value of this coin is not stable , and it need to adjust the price of goods to compensate the price cryptocurrency , but in my own openion there is always way if we like the idea and willing to develop the system. In my own opinion, most of the people today are investing in cryptocurrency because of the volatility of the market that can make you rich immediately depending on the demand but aside from that, fiat will never be replaced by bitcoins due to its volatile price in the market. |
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Bitcoin is cryptocurrency, is the future of digital money, and is a product of blockchain technology. I trust to the future Bitcoin that will be replace the current currency
I also believe that bitcoins is the future of digital money because most of the people today are investing a huge amount and that is the reason why we should expect higher prices in the future. |
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Many of us here are saying, why is the cryptocurrencies market is getting a dump these days. Some are saying is because of the FuD, others are saying it is because of regulations laws in south Korea and India which is also child of FUD. But did you know that when ever you sell out of panic, you are contributing to the dump and you are also attacking the blockchain technology!
I have the same idea with you. Whenever you react to the bleeding situation, It will influence to the crypto market at bad or good way. Honestly, if you're not a big whales who have a large asset and ability to change the trend line, you can't do significantly an impact to the market. But if there are more investors like you, it should be considered. My advice is be patience with any decision in this risky market. Yes you are right, every time a whale is investing or selling a huge amount, the market prices are moved and people will follow the trail like investing or holding so the market price are always ending up as volatile. |
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Because this is how they invest before and still do until now.
they are not award of the new generation of currency, which also needs the knowledge in computer and internet.
thats the only reason i can see for now.
Yes you are right, older people did not have a good knowledge in computer and that is the reason why most of them will only prefer the traditional asset like gold and silver. |
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People will feel comfortable on using Bitcoin once they have a proper knowledge about it, most of the people who hates Bitcoin are people who's judging it without trying it, I guess if it's demonstrated clearly they'll invest invest too, I can say that they'll really panic if they just invested without knowledge and experience a miserable loss. The only thing that will make people comfortable is by educating them how Bitcoin really works.
I think so. There are many people besides us who are not much familiar on bitcoin. They have no proper news about bitcoin and it's price. In any kind of news, they being panic. For this reason real users also be worried. People who are worried are not well knowledgeable about cryptocurrency before they invest a huge amount and that is the reason why you need to study the market before investing a huge amount. |
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For me it is likely that it will finally happen one day. Even if now crypto is not in its best positions it still has very good chances to accomplish that in future...
Maybe it will happen one day that cryptocurrency will be dominant than fiat but banks will stay and fiat will never vanish since not every people has the capability of earning cryptocurrency. |
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For the investors, everyone has some tragedy i think if it is big or small. In the past year I bought xrp and trx with high value but the condition of these coin is not good right now. Hopefully I will hear a great news from these coin with shortage possible of time.
Yes i do agree on that, the market price is not stable so you should always study the statistics and platform of the coin you are interested to invest in order to determine if it has a capability of growing in a long run. |
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in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing. what do you think affects the price increase of bitcoin today?
In my own opinion the media's are manipulating the market price and different people who are creating speculations towards cryptocurrency so we cannot always expect for the price of bitcoins and altcoins to pump up. |
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It really depends on the crypto. Some cryptos are just there because of their ICOs but with no support from their respective companies. You'll have to know the one who have lasted the test of time or take a risk in a coin which you believe will grow in the long run. But it's going to be risky.
Yes it depends on the market's volatility if you will be earning profit or not but as of now, the price of bitcoins is down to $10k dollars which is a good sign to take advantage and that is the reason you should invest a huge amount today while the prices are low. |
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cryptocurrency with volatility can be used as an asset rather than money but still, most of the merchants are using it as money and payment processor which is a good move for cryptocurrency industry
The volatility is necessary in order for people to earn profit from trading and that is the reason why most of the investors are getting rich by just focusing on the market by trading daily. |
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I'm not an expert in that area but I feel like it is the equal things, but to be rich upon the chance is so much easier than to try hard and work hard having your intelligence and education, lol. I'm looking for my chance.
In my own opinion, most of the people are getting rich because of their hard work and that is the reason why you should always make your self knowledgeable about cryptocurrency since it was one of the easiest way to get wealthy. |
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I saw many people who successfully traded bitcoin, I also wanted to try it, even though only a few altcoins I traded but I was sure that with great effort I would to be succees like them.
Those investors who are successful in trading are all well knowledgeable about the market and that is the reason they are successful and not everyone has the same path on cryptocurrency. |
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I am very interested to know if cryptocurrency wallets like Bitcoin Core, NEON, Electrum can ever be hacked ?
Yes they can hack your wallet. Just don't share your private key and Password save it to yourself and if you don't know how to secure and process your coins, you may ask to a person you trusted most so they can guide you so you can learn to yourself. In my own opinion, the only way for you to get hacked is to unintentionally reveal your self by logging on phishing sites but there is other reason for you to get hacked if you are always careful. |
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the stock market and crypto currency are the same for me, but I will follow the latest trend in trading and for now it is better to choose the crypto market, because the results are more than the stock market, although the level of risk is high
Yes it was just the same concept but cryptocurrency is more profitable because the prices can always grow depending on the demand in the market and that is the reason why people prefer crypto more than placing their money on stock market. |
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looking at current market conditions I prefer to do HOLD because I can't see the turning point in price movements, if I have seen the turning point in price movements then I will BUY to be able to support prices so that they can move up and get profit from there
The best way to earn profit is to always wait for the market price to increase and hold your coins or invest even more everytime the market prices are dumping. |
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Wallet is certainly the safest place to save our coins, but most people actually store their coins in wallet exchanges, when their accounts can be hacked then everything will disappear, so I suggest making a wallet as a place to put coins.
Wallets is very important because that is the place where you put all your coins and it also needs to be secured so you should choose a wallet based on its reputation regarding on different traders and investors in the market. |
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I think traders tend to take advantage of the existence of bitcoin as a means of income so that altcoin can not experience rapid development and the exchange rate tends to decline in a relatively long period.
Most people who are well knowledgeable about how the cryptocurrency works are those people who can take advantage about the market situation right now but those new in this industry will probably lose their coins due to panicking. |
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Can not do this with a smartphone. It is not easy to exploit bitcoin that any device can do. If the smartphone can exploit bitcoin then I think the bitcoin will cost several hundred dollars.
Mining cryptocurrrency is not possible with smartphones because there are some applications that can be run by decent phone now a days so all you need is a wallet that can hold your coins safely. |
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I do sharing this to others before but they're really don't believe because its not that really popular in our area and because im only new here. Its really hard to explain especially if they only repeating the same question and because im only new my knowledge here is not that really enough for now, its only limited, so for now i need to gain a lot more knowledge first, i need to learn a lot more and get a proof for them to believe.
I prefer not to share i learn from cryptocurrency because earning bitcoins needs investments and if they will just loose their capital then they might blame me for their loss in trading or investing. |
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