Should I hold for more time? Should I buy some more now only or wait if the price dips a bit?
This is totally up to you mate, you may set your target price to sell and to buy, we cannot say if this is the good time to sell or not because we cannot predict the price of the bitcoin if it will go down or goes up so if I were you I will set my target price and wait for it to happen before I buy or sell bitcoin. You may also follow some other popular person of their techniques or skills on trading, if you set a target and get disappointed for what has happened, that's normal because that is trading it is full of risk.
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That is why you lose in trading because of thinking that bitcoin will stay on increasing, that is not true it can still go down, there is no right prediction about the movement of the bitcoin, maybe you should learn more things about cryptocurrency, try to gain more knowledge through searching in their internet or watching some tutorials on youtube or better learn from this forum. If the bitcoin will only stay on increasing then probably its value is almost a million and there would be no investment and trading for it.
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There are scammers in this virtual world and even in the real world and the only thing for us to do avoid those scammers is to be knowledgeable, if you have good knowledge about fake websites, phishing, virus, and many more then for sure you won't get scammed. knowledge is everything, there are many things for us to learn those things, you may get from Google or on the internet or even in this forum, this will help you to be more knowledgeable about the crypto world.
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Bitcoin becomes a trending topic in the news and social media but still, some people don't know things about it, what's the reason behind that? I can say that it is because of the government who do not allow cryptocurrency in their area just like in our country, the second one is that the technology, not all people are in with technology, there are still many people who do even know about the computer or they don't know good knowledge on how they are going to use it. 1. No Political Interferences 2. Investing in Bitcoin is Simple 3. Irreversible Transactions 4. Reach Globally 5. Bitcoin Boost Your Bank Balance You have mentioned a good topic to learn for every beginner of the crypto world. 1. No political Interferences - it is because cryptocurrency is decentralized, there is no third party just like the traditional one. 2. Investing in Bitcoin is simple - there are many tutorials that you can have on Google and youtube. 3. Irreversible transactions - Once you already transmitted the funds to a wrong wallet then there's no more ay to get back to you. 4. Reach globally - that's true, it is happening, bitcoin becomes popular all over the world. 5. Bitcoin boosts your rank balance - Bitcoin helps me in terms of finances, it makes me earn more assets.
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Based on my experience so far, for me the hackers, and scammers are the disadvantages of cryptocurrency, there are many criminals in this virtual world compared in real life based on my experience because I never been fooled and lost my money in real life unlike in this crypto world where in I lost my money because of a fake website way back when I was a beginner, the second one is the transaction fees, some exchanges here have huge transaction fees.
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It is always better to have a good amount of money as your capital while trading because there is a big possibility that you may lose right away for the first time so what if you only have few amounts of capital then the ending is you will leave or quit trading because you don't have money anymore to trade, you just wasted your money if that would happen. most of the successful traders have good enough money and source of income as well to sustain their trading strategies so if you are unfortunate one does not take the risk.
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I am hoping to see an all-time high for this year, we are not too far from $20k and that is what we are looking for before this year ends, the movement of the bitcoin is continuously increasing and this is a good sign that bitcoin may reach the ATH. if this thing will happen then this would be my first time seeing the bitcoin reaching so high as a newbie in the crypto world. I think it is important for people to not get too excited about the surge in price. These violent moves can mess up your emotions if you don't have a clear strategy on how to approach the market.
Yeah, there are still many things that may happen, let us still be focused, do not let our emotion decide what to do.
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One private key equals one person, if the private key is not yours then the bitcoin or the funds inside that wallet is not yours as well, this is somehow similar when there is someone who steals your private key and then transfers all your funds to other wallet address, that is why securing your private key is also similar on securing your funds. without proper securing then your money will get lost easily.
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It sounds good knowing that there is still some person who want to read books than just searching for things on the internet but I don't think that there are some good books to for you to learn how to be a good investor or will teach you to do good investment because for sure it is all about buy low and sell have l high, that is the basic and that is the common lesson that you but have from the book. However, if you want to develop an investor mindset, I would recommend you to read "Rich Dad Poor Dad" by Robert kiyosaki. A must read for everyone from every segment of life!
I already heard about that book before but I havent read it yet, buy because you mentioned it,I get interested on it, I will read it for some other day on my free time ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) .
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I also prefer bitcoin or any cryptocurrency compared to fiat currency, there is a high possibility that I could earn grom cryptocurrency compared to fiat, even though we cannot remove the concept of risk in cryptocurrency because of the volatility of it, but that feature makes the cryptocurrency uniques and better than fiat currency for me because it is really good for a long term investment and we could earn little by little as we know the rules of "buy low and sell high".
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For me, It is still in progress, I know that Satoshi still has a plan for cryptocurrency but unfortunately, we don't have any source about him so we cannot say if he is still going to do some other things in bitcoin. cryptocurrency becomes prominent all over the world and by that it has the big possibility that if Satoshi is still there he would do something to make it more better. No the bitcoin has not fully served its purpose .true its a pear to pear coin with no third party but it is not acknowledged by the world so we can not use it fully on daily basis and bitcoin must became an official coin because its price is determined by the market and goverments can not interfere.
That's true, cryptocurrency is not yet familiar in the whole world, there are still some changes to do with the current system in bitcoin to make it good and popular all over the world.
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This is great news for every investor and trader, there are many incomes they can have because of the movement price of the bitcoin. this is it! we are now in $15k and the next target is $20k I am hoping that I will see this within this year and if that would happen then this would be the first time for me to see bitcoin reaching that amount of money, even though it already reaches $20k before way back 2017 but I wasn't able to see it because that time, I don't have any knowledge about cryptocurrency and now we're almost here ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) .
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Wanna try my luck here Main CardGlover Teixeira, KO/TKO Tanner Boser, Decision Raoni Barcelos, KO/TKO Ian Heinisch, KO/TKO Cláudia Gadelha, Decision Preliminary CardGiga Chikadze, KO/TKO Trevin Giles, KO/TKO Alexander Romanov, KO/TKO Darren Elkins, KO/TKO Max Griffin, Decision Fight of the Night: Max Griffin vs Ramiz Brahimaj betnomi: Alucard1
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That is why people who don't know how to handle properly will lose big opportunities, whenever you earn a huge amount of money, you should use it for some worthy things, you may do investing, or making a business, even those both things are risky, this is still advisable because you can make your money increase by doing that. People who used to spend their money on unpleasant things will make you bankrupt. You may also lose your money through greediness, self control and proper handling will make your money increases.
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As of now, I am exchanging cryptocurrency into fiat currency and use it to buy my necessity and wants in real life. I also do trading and investing at the same time. I know how good cryptocurrency in terms of having fast transactions based on some of the information that I read on the internet but sad to say I haven't tried it yet because its cryptocurrency is not familiar or popular in our country. I am looking for 5-10 years that bitcoin will be recognized in our country and we can use it for some other things.
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That would be a good move for your business, well, as what you have said you business is online so I think it is suitable for you to add cryptocurrency as way of payment, there is no wrong in having many choices, the more way of payment then the better, many people now are well known by cryptocurrency and they are looking for such payment using cryptocurrency but before that, you should consider first your area, is your area familiar with cryptocurrency or not? Then if not better to stay on fiat currency.
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This is such a weak and sh*tty decision, there is no good at choosing to kill yourself to solve the problem, you won't solve the problem because your family and your friends will be the one to face the problem you left, do you bear seeing your family suffering because of what you have done? That is not a good thing to do, there are still many ways for you to overcome that kind of problem, and killing yourself is not included in the choices.
If you don't want to lose then you should not try gambling, it is full of risk, do not olay if you don't have any source of money.
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I will look for the result of this election, that is a really huge amount of bet, I wonder how he got that confident to bet $5million for this election, I am hoping that there is no source from anyone about the winner of the election. I can't imagine myself spending a huge amount of money on betting, even though I will have a huge amount of money in the future, I won't take $5million to risk. Maybe if he will win on that bet, I will follow his betting side. wow that's really huge bet, right now I was planning to place a bet maybe I could follow this bettors bet it looks like he is confident to place such amount on Trump. hopefully i do the right decision.
That is a good move mate, if you don't have any idea who to bet then you may do copying the bet of a popular person or following a person who bet a huge amount of money.
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The only reason why we lose on gambling is because of the way we handle our money while playing, it is not about how good you are in the game, it is all about how well you handle your money. Whenever we bet we always have this certain question, How much I will bet for this one? do I need to bet huge money or not? yeah that's it, sometimes we regret to bet a small amount of money and then we win the game, that is something you want to regret and sometimes we bet a huge amount of money and then we end up losing life's sucks bro, you cannot predict the game, you can't predict the future. That is how risky gambling is, but if you know how to handle money then you won't lose in gambling.
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What would be the right thing to do during COVID-19? Should I spend Bitcoin or should I just "HODL" it?
It depends on the person or the financial stability of the person, if you are fortunate enough to sustain your basic needs then it is better to still hodl your bitcoin and wait for the right time to exchange it but if you are not fortunate one then you don't have any choice but to use your cryptocurrency for yours basic needs that is important for this pandemic situation. only hold what you can afford to lose.
Yeah, that is the common advice that we can have about this topic, your extra money would be enough for you to hodl then separate other money for your needs in everyday life.
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