I, too, will not die until bitcoin reaches such a price and I think that in 10-15 years it will have time to reach such a mark and please its owners that they have survived to this point  LOL. I'm guessing that you are still young and that you can see yourself down 10-15 still alive and kicking. It really hard to predict when the price of bitcoin will reach 50K. Maybe in just 5 years we are already there. Actually I don't know if the price could really go that far. Its gonna be too expensive for normal people to buy bitcoin then. But if you are going to hold bitcoin for long term then you will be very satisfied that you have invested early on it. That's looking forward too far into the future and there's a big chance that btc has evolved by then and probably would be priced at 50k though i don't wanna go there just yet. I'm happy and contented even wih the current price which i didn't think was even possible to hit this year. That is right, do not have many traders from last year cannot feel surprise when the price of breakout $3,000. That price is target for the end of this year and actually, I'm also do not think it happening faster than 6 months if compare to my predict  . If you look at how fast btc rose in the past few months, it would seem that one can be forgiven to think that bitcoin can reach that amount in this lifetime. It's already proven a lot of non believers wrong and poised to continue doing so in the next couple of years |
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price will keep up till 7500$ at the end of 2017 all market signs say that
What signs do you mean exactly? Of course I don't mind that Bitcoin hit $7,500 by the end of this year but I can see no signs for that. Most likely we will be fluctuating around $5,000 by that time, which is not bad at all in my opinion. Actually reading the original post is funny. It says that how great it is that the price is above $1k again. Well it's not impossible though to aim for 7.5k before this year ends and i think that's realistically achievable. And i agree this current price up to around 5k is more than what i've expected before this year started so i'd be happy if the price become steady at thia rate for a longer time |
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Frankly speaking as of now there is no such bond, fund or stock related to bitcoin which is legit and gives good returns too. I would suggest you to go for some popular altcoins like ethereum or ripple. They still have a lot of room to grow moreover they have proven themselves to be legit. Saying this I would still recommend keeping bitcoin as bitcoin is still a good investment. bitcoin is good for a long term investment and does have a lot of potential for more successful development when it features revealed more. Having btc as a saving is one way for investment,but joining in more interesting and potential ICO would be much better. Bitcoin is a good long term investment if you can predict the lack of a bubble bursting. It is rising very quickly as of now and we don't know how it will do in the future. However, investing in ICO and altcoins is not a bad idea. I say this because how a project is doing need not be impacted by how bitcoin is doing as well. currently investing and buying ICO is a popular investment many users are starting to glance at this business many of them are looking for potential new ICOs that have new innovations, good ideas and with advanced technology, with it will make ICO have market and users so they will get a big profit when ICO is launched and has a market price Right and if you manage to invest on a good ico, profit would be really good. You just have to make a lot of research so as not to end up investing in a scam. I had an experince with an ico that had the price shoot up more than 100x but only for a few days before plunging to oblivion |
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it take time.. when enough people will have adopted bitcoin, then it will make more sense to retailers to offer it as an payment method/option
that of course needs time, but hey.. time is all we have
I think we're actually well into this time already. Many retailers are already using btc or eth in their transactions and for sure, when other companies or retailers see the benefits of using crypto, they'll follow suit |
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I think the world needs virtual currencies especially bitcoins due to the system of economy right now is failure, system of fiat currency can not protect us from inflation, our system economy right now can not protect us from crisis condition, it is too old to be runned for couples decades later, so must there are new innovations on our economy system and the answer is only virtual currencies to fix all of this weakness.
At least fiat is stable and kindly do not take bitcoin as digital currency just like other are ,its a virtual investment asset and its most profitable than from forex or other investment markets.we need digital currency because of two thing,first speed and second accuracy. Yea fiat money is stable with losing values on fiat due to inflation, it is broke system our economy and must be revoluted, the bitcoins has many advantages than fiat money, this system deflation in bitcoins gives us protecting economy condition to become more better and the world really needs virtual currencies due to it is more better than fiat currencies. Well we can say everything negative about fiat but at the end of the day, it's still necessary to have it since running exclusively on digital currency, no matter how advantageous it is, has its downsides that will cripple its users if there's no back up. |
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Is it enough to be smart with just nothing to lean on and go on with your life? Because i feel that there are a lot of people who doesn't know how to handle their money with regards to see in the future. Is it enough to be smart and not be strategical or somewhat a person who has a lot of experience. Who would you choose?
For me it is required to be a master of both things like of course you can not have experience if you are not going to try and some people would think it's a waste of their time if they are doing what they know already like repeating their work over and over again. So it should be in a balance.
Doesn't smart means being good at deciding which things will be best in the current situation? Well I think we all have a different meaning of smart, but for me, If you are smart then you will know what will be the right decision on a situation you are currently facing, you think all the possibilities that could happen if you decide on something and you will have something planned that will make your decision worth it. I think just by having some experience can help us to learn everything in crypto. Being smart and strategic comes from being nothing at first,we just work hard to know it and we just learn it also from experience. To be strategic means you are able to formulate sound plans and strategy for a better result. To do that you have to be smart. To choose between the two, i definitely would rather be smart as it would all fall into place if you know how to wisely handle things |
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If you be given a gift of 1BTC by someone and for you this amount is already something you did not expect. Will you sell your bitcoin right away and convert it into cash or just keep it for a better price to come or invest it or what?
First of all i'd be one lucky guy to receive such a gift. Second, i obviously would decide to hold on to it as log as i can. I don't think it would be a good idea to sell it though the price today would already be a very good amount. I'm just looking at the bigger picture when btc would at least reach 10k |
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But if you think about bitcoin it will help the country's economy, why would they do it by law, it's sad to see if that day is coming. Better in other countries bitcoin is legal and they can use it everyday.
Who cares about the economy exactly? maybe the citizens but the people on the top of the top are literally making money out of thin air, as long as they control the currency, they really don't care but when you offer something decentralized that cannot be controlled by them, then you become a threat. Right and crypto market would likely find itself under these people on top's noses and they will try to find a way to control it. You can't really do anything about it and we can just wait and see how this will plat out or if they government would do something to try and control crypto |
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Almost everything was down double digits today but climbing back up.
I picked up some more Waves, DGB, XEM, SIA
What you all grabbing?
I bought SIA a few weeks ago and ended up deciding to sell it since I wasn't willing to hold on to it for long term. During the crash, I managed to buy so more altcoins such omg, etc,ltc, neo, and I bought Monaco when the value was still a bit higher, now its value went down and its more like it doesn't want to recover. However, I just hope that I will benefit from all the investments and decisions I made after months/weeks. I'm wondering what to do with dgb right now since it's not been showing any signs of getting back to peak form. I'm still holding on to it instead of selling at more than 50% loss but i'm not seeing any positive movements for a long time now |
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I bought ETC, GNT, SC, DGB two months ago and since then i haven't done anything else, ignoring market fluctuations, and you? What currency are you keeping?
I'm not sure now about digibyte. I bought a couple of dgbs when the price was at .0001 sat and ever since then it went spiraling downwards. I still keep it though but in hopes that something good may come out if it in the future. |
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After seeing this post i am really embarrassed because as you mentioned the price of Ether was 3$ now the price is 300$+ more than 100X growth in 5 or 6 months No commodity or asset in world would have given this much profit .
Its really following btc's footsteps and with the current team doing a pretty good job and more people and companies supporting it, eth is bound to make leaps in the near future. |
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i am very new to trading and would like to learn how to trade
...not sure where to start ... any suggestions would be very helpful ...
whats the best way to get the knowledge in this field ?
thank you
bittrex or poloniex me i use poloniex for trading the more invest the more profit study atleast the cycle of the altscoin that you will buy,invest in bitcoin because i think bitcoin will go so high at the end of a year and i also in xem because i also think this will go so high after a year Polo doesn't have that many coins to practice with when you're starting up on trading. I think its better to first trade in exchanges like yobit where you'll have more coins, minor coins that it that you can practice with what you've learned in forums and tutorials |
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Straight forward question;
What do you investors look for in Pre-ICOs and then after the coin does come out on exchanges what do you look for when you're trading?
Well first thing i'd look at would be how profitable for the me the ico would be once relaeased. The project, the team behind it, how they plan on pushing for it. A good team would make a specific ico run well once its on exchanges and to sustain momentum after it's launched |
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Its depends on your strategy and everyone has their own strategy and has their own principles, for me I just make a order if I have 10% of profit,, although the price of Coins will be even higher I will not think much about it because my target is just 10% of profit
I agree with your opinion. Indeed everyone has thoughts and strategies when trading, but I just take 10% profit of the capital that I spend. This way makes me be in secure position when the market is unstable. But sometimes psychological more prominent than logic when trading. That's a safer way to look at it, setting up a conservative goal. I think that's more appropriate for day trades with coins that go up and down pretty quick. If it's btc, i'm not going to settle for 10% and will probably hold until i double my monet at the least |
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Actually we dont have minimun amount to invest in bitcoin or cyptocurrency . But if you have big investment possible you will earn big profit also because you can buy different altcoin while if you have only small capital you can earn small also. But If I give amount you can start 1k dollars must try and if you see the flow is good you can add some more what amount you amount is your choice.
Indeed. Depends probably on your financial capability. If you're earning enough to invest a pretty bug amount, then good since bigger investments guarantees bigger returns. You can also make small, scattered investments if you're the type that doesn't want to risk that much |
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I have read dozens of threads saying you need to keep your BTC on a hardware wallet or paper. Anything online isn't safe they say. When trading that is not really feasible is it? I like to move in and out of positions several times a day and often at a moments notice. My trading account has a sizable balance (to me - 5 figures) in it.
How risky is this and any additional things I could do?
I think if you are a trader, and you operate on large trading floors, you do not need to worry about security. Because they always make sure you are safe about security issues, however, you also need to do everything right according to their needs. Totally agree. make sure that you do not to reveal the information, always install the mail sign in trading floor in 2FA mode, carefully kept mail accounts, the ID in the trading floor always in 2FA. That's the most important i think. 2fa helps secure your coins for any transaction so it's essential that you activate that gor safety. Though i don't have that much btcs in my wallet and i don't think anyone would consider hacking my wallet but it's never a bad idea to be sure |
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Currently the most I hold is Bitcoin and a little OMG and ETH but trader wise, is there a recommended percentage?
My current holdings are:
BTC 60.75%
OMG 33.74%
ETH 5.51%
There is no recommended amount or percentage to keep, it is up to you to decide how much you’re willing to invest in bitcoin. Lets say someone tells you he invests 10% of money in bitcoin and maybe the 10% is 10%=1500, and your own full money 100% = 2000, you see your 10% can’t be up to his 10%. So its up to you to decide whats best Yeah because people have different finacial situations for their savigs. If you're earning quite a big amount, then i'd say 90% of my btcs would go untouched until the time i see it fit to sell. If there are situations when i have to sell and my income isn't that high, i'd sell perhaps 30-40%. So it depends really on your current situation |
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okay all the money you put in bitcoin but the question is with the cost of your own needs or your family needs. it's better to just spend extra money on bitcoin .. just extra money only so you're not going to eat any food you're just selling.
Yeah extra money or consider putting your savings in btc as well but not all. Try to organize how you handle your expenses. If you're plannih on investing, diversify your investments. If it were to me, i'd invest largely in btc savings but i'll be open for other kind of investment as well |
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yes bitcoin is always a coin of choice for long term or short term investments, certainly because bitcoin has more potential for better profit, but some altcon that have better development need to get consideration like Eth and XMR which have price movement continue to increase.
Btc more on the long term since the price tends to go steady for a long time unlike other smaller alts. If you're a day trader, you probably would want to look at thise altcoins though since it more fluctuating, there's a good risk to it also |
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You can not always be all these! Those things you said we should be or be not are the very things that make us human. However having control and balance is what make you a trade duper super star
Trading is not a school lesson that you’ll be told by someone and you will remember it in your whole life. It is just the experience which makes you a good trader. You keep on learning new things with the passage of time, which helps you out in doing effective business. But if you think that someone will tell you and you’ll become successful trader, this is near to impossible. Not only near to impossible but totally out of question. No one is going to share their precious and secret strategies of making successful trades. We all know that experience is the best teacher, we learn best from our mistakes and I will advise the same for trading. Try to learn trading with small amounts. Well aside from these i think it's also important to develop a skill in reacting accordingly to any market situations. Most of the time this will come through experience and practice and learning how to quickly adjust will probably be as big a help in trading as having enough patience to avoid panic |
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