Gold will still exist more thousands years for sure or the life span of the gold is very long than the bitcoin and that's the fact the bitcoin is not forever or only maybe more decades still before the bitcoin gone in the crypto world but the good with that before the bitcoin gone in our world they have people who change already their lives or they become millionaire or having a lot of money.
It always comes down with the demand. The life of Bitcoin or even in general whether a product, person or a government, lies in belief, trust. As long as Bitcoin can keep up with the needs of the intended people then it would continue to foster and serve its purpose. For it to happen, maybe we should stop treating Bitcoin as an investment alone but rather live up with its purpose i.e. spending it like what we do with the fiat. In that way, we are integrating it with our daily lives and evolve as a vital instrument in commerce. Bitcoin is digital currency and gold only investment assets have higher value but look the same price although have pass one or two years, bitcoin become digital currency for payment transaction if adopt by some companies. Bitcoin not be payment currency because many people use bitcoin only for investment assets with save their money with gold and waiting for selling gold after raise to higher price. Bitcoin is also known as the digital gold and it is far better than the physical one. The holders of bitcoin enjoy features like anonymity, security, high profits in no time, freedom of control. I don't think gold can do all this. No doubt that most of the rather all investors are investing in bitcoin for the sake of profits. Bitcoin can make them rich beyond anyone’s imagination. It is best to be considered an investment at present than currency. Bitcoin has dual nature i.e. it could be used both as currency when you have to clear your dues or purchase something provided the sellers are dealing bitcoin and also as an investment if you want to increase your savings many folds in short time span. As compared to investment plans of banks, bitcoin does not put you under contract rather you have complete freedom of cashing out bitcoin anytime. |
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BBC recently did a interview around the volatility of cryptocurrencies. I think we are still so early in this industry but I would love to know your thoughts about where we are going and how you think the landscape will change. People in the podcast include: Marc Warne, Founder, Bittylicious Jemima Kelly, reporter, FT Alphaville Dave Jevans, CEO, CipherTrace https://www.bbc.co.uk/sounds/play/m000676mThe volatility of cryptocurrency add ups both excitement and fear for the investors. You can consider it as a risk already from the very beginning you enter the crypto world and invest on it. Its volatility can be a source of fear whenever the price is going down continuously and has a high gap from the former price but you can consider it also as a source of excitement whenever the price is starting to grow while you have high holdinhs and bought it for a really low price. Just stay careful here in crypto always to make sure you make the most from it. risks and rewards, two sides that are always thought of by cryptocurrency users. everyone knows that with crypto people can benefit, and with crypto people can get rewards when they want to work. but we must never forget one side of the other, that is the risk that will certainly always be in cryptocurrency. crytocurrency volatility will always be discussed, because volatility can make crypto users happy when prices soar, and will make someone panic when prices fall. and I'm sure the future of crypto will definitely be bright, because more and more people are using it. Risks and rewards in the world of crypto currencies totally depend on the crypto coin chosen for investment. Choosing the right coin in aspects of potential, security, anonymity and support is the first thing to do. For avoiding risk, an investor should choose bitcoin. Volatility, in my point of view, is not anything like risk. The whole reason why bitcoin produced millionaire was its high volatility. There are thousands of crypto currencies in the market and present all over the exchanges. I will not disagree with the fact that the most important aspect of making huge money through digital currencies is simply by choosing potential coin for investments. Bitcoin has the maximum number of happy investors and record of generating unbelievable revenues. It is the best choice for long term trading. |
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Know what? I joined this forum back in 2012. And back then, the exchange rate was somewhere between $5 and $10 per coin. A lot of people used to complain that a few months back, the prices used to be around $0.10 per coin and Bitcoin has become too expensive. I purchased my coins at that time, and despite all those complaints, it still gave me almost 1,000x returns (100,000%). And by mid-2013, the prices increased to $260 per coin. Then the guys were complaining that the prices used to be in single digits in 2012. And imagine what happened when the prices shot up to $1260 per coin by December 2013. Then for a while things were relatively calm. And it went on till 2017, when Bitcoin suddenly spiked to $20,000 per coin. And after that the OP posted this thread....  Brings back a lot memories. What good times they were when bitcoin was available at almost free of cost and yeah, people thought that rate to be a way too expensive for bitcoin. And honestly, most of us never imagined bitcoin to gain this much value. It is good to see that you are an early bird and got huge rewards. You deserved them. I also believe that bitcoin still has a lot to show and it makes people rich beyond imagination. That time was very precious for the investors as the price of bitcoin was nothing as compare to today’s price, and the investors of that time will be very rich today but the problem at that time was that nobody believe that bitcoin will go to sky that is why a lot of the investors ignored bitcoin and I think now they will be very sad about this. |
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it is very possible to harm the local government but if the local government does or revises the tax law through crypto for the company then it can be avoided, because crypto is no stranger to the government so it could be that even though using crypto is still subject to tax by the government
in my opinion all investments with crypto and government currencies and if properly regulated and not detrimental to one party and in my opinion the results of the good and bad of a system depends on the intentions and objectives of investors or holders of the crypto currency and maybe with the economic tax government and development will become more advanced and developed The idea of regulation is not supported by me even a bit when it comes to bitcoin or altcoins. I don't consider it as a beneficial act for investors. Bitcoin does not need anyone for its survival and progress. This is certain. It is best for us, the common people, to keep governments away from taking control over bitcoin. Blockchain and bitcoin can really improve economy and country and individual level. Right bitcoin should stay in the hands of common people because if the government gets involved in it then it would take the control from the people on their own money, and I think its worst that the government will control our money, bitcoin is now free and everybody is happy about it, and bitcoin can really improve the economy and can eradicate the poverty. |
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If you are a Bitcoin investor. Then you have to think like other investors. All investors verify everything before investing their money. You have to do exactly the same thing when you buy something. Emotions are not priced here. Your Emotion loses your fund. Therefore, trading should be learned before start trading. I've done a lot of losses before, just because of Emotion.
I can't agree that all investors should think alike. That is why often losses hapen, some investors try to imitate what others are doing but they don't know all circumstances why soneone exactly choose that particular decision and that might end bad. Emotions could be a burden that is true and if you can't control them that might be the cause of failure. Yeah, we need to be educated enough, copying what was other people do would lead us to mistake, we need to learn in our own way, different people has their own way to trade. We need to make our emotions stable, we will panic when we are not ready on what will happen to our trades, keep in mind that market is a uncertain thing. Yeah we should not copy others because it can be harmful for ourselves and in case of trading which is very sensitive, we should use our own strategies and our own brain because the situation could be anything may be panic, in which we should be too creative to handle it while if we follow the others then may be their situation in trading is different and ours is different which can cause problem. |
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I was thinking that investors would think the cryptocurrency market as an alternative to traditional investment products.
Having said that, my point was that those two markets have a reverse impact.
If the stock market goes down, then investors would start searching for alternative (more profitable) investments and turn to Bitcoin and cryptocurrencies.
The last days stock market crash seems that lead the market cap of the crypto market down.
Does the Stock Market has impact over the Bitcoin price?
Although bitcoin is an alternative for shareholders when the stock market is crashing, I think bitcoin is not the only best alternative for shareholders to save their investment. Maybe they will choose commodities like gold or oil that are more stable than bitcoin which has price volatility. It doesnt affect bitcoin , some traders only trades in cryptocurrency , they are both different so why do we need to compare it, when the other one crash it doesnt affect others, bitcoin crashes last year does it affect the stock market? No , but the thing is some stock holder doesnt invest in bitcoin because it is not yet legal they want to invest in legal things in order for them not to lose anything. But I will say that up to some extent the stock market will affect the price of bitcoin because the investors always seek for the good profit and if the stock market crashes then many investors would want to invest in bitcoin to recover their losses, so may be the price of bitcoin does not affect the stock market but the stock market will affect bitcoin in positive way. The other thing is that it does matter bitcoin is legal or not, the investors always look for the profit. |
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I'm hoping that bitcoin can reach 22k this year, and looking at that graph, I have confidence that it can. But reading some other analysis, we can't still confirm it well, and I understand that reason. I also make my own interpretation, but in my calculations, and assume that I will only go to 18 - 20k. But then again it depends on the volume.  It's just too early to expect a $22,000 bull run within this year while the current price is not correlating to the price target. I expect that $22,000 or even $20,000 will touch next year but looking at the price trend and speculations it seems that the price is likely to move upward but not this year. We will surely going to see that new ATH of bitcoin next year we just need to HODL a little longer. To be very honest, no one can really predict the change accurately. At most, we can just tell that pump or dump is near. Back in 2017, no one or you can say majority was not expecting bitcoin to touch 20k dollars but it did and shocked everyone. We all know soon the market will be rising and bitcoin will be gaining value, it will definitely rise more than you can expect or imagine. Just wait and watch. Yes, I agree that it's tough to predict what will be the exact value of bitcoin and assuming that bitcoin will reach 20k above this year/ end of the year. Yes, you're right about in 2017 that most ppl don't expect that it will skyrocket at 20k. The market will surely increase, especially some ppl saying that BTC is repeating its history. I am also one of those people who think that bitcoin is repeating the history because we can see how firstly the price of the coin is increasing we can hope for really good. Now a days more investments are being done that is making the demand high and supply lower so I hope till end of 2019 if we can get 20k usd or $22k dollar. |
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All depends on how much experience you have and how much you try to make every day, if you not make mistakes you can make profit.
Good idea to become a good day trader we should abstain mistakes but if make any mistake try to learn from it and don't repeat as much as i know day trading needs full time work and you will have to remain present in market all the time if you can do this then trade for day it’s profitable. Day trading has so much earning but only need an expert mind. |
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7. Always invest the money that you can effort to lose!
You must mean afford. All in all, these are great points to remember. These reminders and warnings have been discussed her many times though. I hope they have helped a lot of traders. Take note, however, that it is always easier said than done. For example, the most common advice is that be objective rather than subjective or emotional in your trades. The problem is that the objective assessment could be both erroneous and uncertain. And secondly, emotions are really hard to turn off, believe me. thanks fixed it! Yup agree with you it's not easy to turn off your emotions which means trading is not an easy job at all. Anyway traders must follow teach themselves how to control over the feelings or do another job. Guys, it does not matter. I think we have all understood what is meant here. Being a beginner in trading, you need to be 100% sure that even if you lose in this business, you will have at least one-two other reliable income sources bringing you profits constantly. Trading cannot become a single job for a newbie. Same as me, I use trading as my part-time job and I give my spare time to gambling. For me its really reliable job to trade for long term and use my extra time in making researches as i have heard that a trader must have knowledge and fine information about trading. So being new trader people should trade but with care and gain knowledge as much as possible it will help a lot. |
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Trade safety is the matter of concern at present time because the trade spreads more quickly and there are many unfair means happened in trade. From this realization, Trade safety is the pick point of trade. There are many unethical business entered into the market who comes for trickery and gets money from new business investor. The investor has no idea or little idea about the trade and most of the cases he faces failed and faces loss. For being safety from trade loss, the investor has to invest at little amount to understand the nature of the market. After understanding the nature, the investor has invest as his experience at increasing level and have to analysis the situation. To keep safe, Trader has to take suggestion from mentor who can give better suggestion to trading and investment.The trader has to diverse the investment that will cut the chance of loss. if one sector has get loss, the other sector will gain profit that make equal to minimize the risk of loss. The trader has to attention on the investment to skip loss. The trader has to follow a particular system of investment where the system has to be developed by analysis the market. After understanding the nature, the investor has invest as his experience at increasing level and have to analysis the situation. The investor has to invest slowly because the quicker investment may bring be risky and this could be avoided. The Trader has to stop his emotion on the time of investment that minimize the lose of trade. Most of the cases, the trader invests. the sector that is rising today but the sector will face few days later. Without long time analysis, the trader should not invest on the market to skip loss. The trader has to evaluate the monthly journey before investment that will help to personal performance in the trading market as well. If the trader finds himself as the lower effective then he should learn his skill in trading. So, the trader has to be more conscious in the market to skip the loss. The personal and professional skills have to develop so that the person can minimise the risk and play a good journey to trade market without facing loss...... Your ever For me, I don't think there is no such thing as safe trading. Once you entered and commit trading, you are at risk all of the time. Skills and knowledge can help you evade some possible threats while trading but still it is inevitable and can occur any time. We should also be mindful with the traders we are going to meet, they may look good outside or in words but they may betray us and be a fraud that would steal all of our money. Make sure you are in your element when trading to make sure the success of it most of the time. Yes you are right risk is part of our life and we will have to face it bravely. In trading I know people feel scared of lose for so many new projects and coins to try but instead of being worry to lose we should have patience, control our emotions and avoid trading without knowledge that’s why keep gaining knowledge it will help you reduce lose. |
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If there are people who say to wait for bitcoin to go down then do we know when bitcoin goes down and at what point? In my opinion to be more suitable to buy bitcoin is to look at market analysis using indicators that you understand. And your goal is to invest long or short term? all that must be taken into account. not just waiting for the price of bitcoin to fall. bulshit with people who say that.
Indeed, it depends on the strategy. Before investing your money its important to have plan to know your goal whether its a short term or long term. CUrrent update :
Bitcoin looks strong on it's resistance above 9.2k , it might be the sign of the next pump to 10k according to many people are already optimistic about bitcoin on next year.
I'm sure bitcoin halving will affect much to bitcoin price after the event, and it will bring back the bitcoin domination to crypto space
We are hoping it will really happen, many are expecting that this coming halving might become the reason for bull run to occur so lets just wait and see. price will increase and bull run is on the way. We should keep holding waiting is gonna give us best reward. Now price is highly expected to be high but we only need to keep waiting. Those who have money to invest should invest right now as after few days it will become so expensive that’s why we should not wait any more and just buy. |
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Maybe the richest person is the one who are making gambling as a profession because they have a lot of funds to bet or gamble. They just gamble their money and they earn while sitting and just playing in some casinos. You can meet those people in the famous casinos that they are the one who are just playing and they earn money. For me gambling as a profession is a hard time or a big risk taking because you can lose a lot of money by this and I see a lot of people down on debt because of gambling.
Most of them don't earn with gambling. Those rich people you are talking about can lose $10k without even noticing. So, they play big games without fear of losing, and if they lose they don't talk about it. But when they win (which happens too, of course, because as much as no one can be constantly winning, no one can be constantly losing either), they talk about it a lot, and then we get the impression that they can make big money with gambling If I'm not mistaken, this is called selection bias ~ That's right, and because of that bias we have an impression of a group of people, the so called "professional gamblers", as if they "know how to play", and thus mostly win and rarely lose. But if it were so, if they were winning because of their skills, they would be becoming better and better with time, right? But this is not what's happening. In reality a big part of those who were winners 2-3 years ago, have become losers, but we don't want to hear about that part, and now we concentrate our attention on the new winners who took their place. We pay little attention to the fact that the winners are not the same people all the time. It use to happen with the people who lose interest in gambling with but those who keep learning and never stop at any cost mostly gets profit. I know as time passes people gets more knowledge and gain skills in gambling to become an expert it’s important to spend time with it as much as possible and if you are satisfied with your earning from gambling then you can choose it as a profession. |
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Tools are good as a reference of your trading decisions but don't be too dependent on tools because you might as well not learn anything in trading. Personally, I don't use those tools always because sometimes it frustrates me that something happened and I don't understand some parts of it. Also not all tools works for you so better make one for yourself. Besides, the longer you are expose to trading you got to learn more and create better strategies that you can use and that will also work for you.
That’s the major mistake traders make, they blindly follow other’s profitable strategy thinking that they would also get profits. They need to know that every market condition is not the same and they must create their own tools and trading methods to suit their own trading needs. Exactly not all traders are the same better to follow your own strategies and your own way of trading. There are a lot of ways for trading try best one is to buy at low then trade for long-term. When you listen to other people they will always get scammed that’s why just keep learning trading to the highest level the more you learn so it will improve your skill and focus on making your own strategies instead of following other blindly. |
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Hello Dear Sir! I am very interested to join your campaign please sir give me a chance to be a part of your campaign. Thanks in Advance Sir.
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Hello Dear Sir. I am very interested in this campaign so Dear sir please give me opportunity to be a part of this campaign. Thanks in advance
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Long story short... I once deposited around 300€ to play some poker online. Decided to go wild and play like a complete maniac. I didnt use the money for a tournament buy-in but played cash games. Within a couple of hours those 300€ became 30.000€ - I didnt stop and by the morning (I played from ~7 pm till 8 am) I lost it all... Its a crazy story I will never forget... Its hard and I can still enter the poker site, check my history and see it.
How can you keep playing while you have won a lot before, honestly what you did was a big mistake. Indeed, gamblers will difficult to stop playing when they feel comfortable and get big profits, can be said they addicted. I think type of gambler like you have to control your emotions and don't get greedy. I too have seen people who win good money in gambling initially but they never save their profits. They keep on investing the whole money and profits again and again in the gambling games and bets. So it only needs a single bet to lose all their money including the profit. This is called over confidence. If you are wining it does not mean that you will always win. There are so many gambling stories of joy and pain. Because the area is so uncertain that you just cannot really predict the outcomes of the game you are gambling at. It is always a best option to have an entry and exit plan and this helps save money in gambling. There are people who initially lose money but end up making the lost money with surplus. |
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I thought of it before to gamble on sports betting site and bet only on those with good odds for higher chance of winning, but there are cases when even if the odds are good, your enemy is bad luck or an upset. Look at the case of Manny and Thurman, Manny is the underdog at first, then tables turned when the fight draws near.
That's part of sportsbetting, the odds aren't really the sole basis for each match's victory. For the case of Pacman-Thurman. Yes, Manny was the underdog but it suddenly changed prior to the date of the match. It's not a sure win whether the odds are good for high chance it's better to include some analysis too before betting. Which is we always needed to do, the odd has been changed when the fight coming to it's near and even at the beginning Manny is the underdog but when the time for the match it's changes the everything there's no clear assurance you always need to pay attention with your bets selections to increase your chances to win. Yes, everyone noticed that and before we all thought that this game will make Manny as underdog but it seems that it didn't through the odds. Yes you will see only few out there becoming underdogs when it comes to gambling. For example when it comes to poker, and when you put in all your money, you have a 40% chance to win at the game. Only few end up making it to the top tier and those are the crazy guys with some good amount of luck and experience which matters a lot in gambling. |
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Gambling is builded apply that the chances of winning is always very low in every gambling system that is the only reason everyone going and losing it in most of the time but otherwise gambling is a fun filled game system so we need to use it as entertainment only.
The reason that money is involved in gambling makes most gamblers addicted to it. They tend to chase big profit not realizing they just wager more money before they win. Even if they win, they get greedy and bet more. In the end they got nothing from their gambling habit but only regret. It is nothing but only money that works as a motivation for the people who want to make quick money. This is the reason of the huge net worth of the gambling industry. 530 billion dollars is a big thing and this money is lost in the gambling industry be people and is won by others. The reason why people fail to win at gambling is the absence of experience and wise decisions as well as strategies. |
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I wouldn't say you are not correct because it depends on the individual who involves in gambling, am different when it come to gambling because I can control myself and equally control my emotions, so, there will be no room for degeneration of whatsoever. Faithfully speaking I have never been into such state since I started my gambling life.
Gambling is not life but risk or game! We are here because we can take a risk and not every human being can do that. Many investors and gamblers are not in the right set of mind now because they take gambling too far to the extent of becoming addicted to it and as such degenerated and at that level I will say it is not gambling that is bad but the gamblers become greedy for gain. So gambling is a momentary investment and is a risky one. You want to replicate your money twice or even four times but you have to take risk for it. Since there is great output provided you win, it is worth risking your money in the gambling. Though there is uncertainty but we have seen people wining millions. In addition, having some money invested in crypto is also a lucrative option. |
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