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For me holding my bitcoin had been a difficult challenge for me reasons being that I have a lot of financial obligations to make selling off my bitcoins had made to settle or off-set some of my bills but I hope to start keeping my bitcoin now because obviously the price will keep on rising.
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Bitcoin awareness in Africa is nothing to write about Except some few individuals that has tap in and keyed into how to tap into the benefits attached to bitcoin, The most noticeable disadvantage of africa getting information about bitcoin is due to epileptic power supply, high cost of internet access and low purchasing power in some countries therefore bitcoin awareness had been very low unlike other foreign countries.
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Signature campaigns had been my major source of bitcoin online although I had tried other means like solving of capthers, gathering satoshis with faucets, PTC sites e.t.c which are time consuming. I am also trying to embark on trading online so as to increase my daily income.
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The worst decision I ever took is when trading forex instrument i.e, USD/JPY I forgot to put a stop loss in that particular trade when I pulled the trigger for a sale signal the price went up against me and wipe out all my investment I was very lucky that it was a small investment however I had learnt a lesson of putting a stop loss in every of my trade.
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I invited my friend to my house and lectured him on the benefits of earning bitcoin, I went ahead to show him how much I had earned so far and teach him various opportunities attached to bitcoin so that he can also tap from the wealth of experience I had in earning bitcoins and he should also spread the good news.
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It is not compulsory to invest only in bitcoin if everybody concentrates and put on more effort on bitcoin how will the other alt coin grows I think It very wise to invest in other coin who knows how there are going to fare in few years to come. Diversification of investment is a welcome development.
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Trading is more preferable to mining and one of the best means of earning bitcoin is trading while mining involves a lot of capital and investment to set-up i.e all the hardwares, electricity e.t.c. Trading involves seeking the knowledge on how to trade thereafter you are good to go and invest, trade with the amount of money you can afford to lose.
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What use is Bitcoin if in 9 years you cant even buy groceries with this shit
You cant build a business on bitcoin because of the volatility and even if you try to runa business on bitcoin you have to wait forever for a transaction to be sent
whats the point of bitcoin, if you cant do anything with this shit?
Painting the outlook of bitcoin in 9years time by the OP will discourage newbies, your speculation is totally wrong, people who had the same mind view about bitcoin like the OP few years back are now regretting while those that worked hard are now millionaires thanks to bitcoin. |
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Get rich syndrome is one of the mistakes of newbies, they have the mind set of becoming millionaire overnight not minding that slow and steady win the race. My advice to newbies is to learn and be diligent with time surely they will get there, there are vast information about bitcoin online and other cryptocurrencies for newbies. When I heard about bitcoin I studied it very well, now I am reaping my efforts.
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If you want to learn trading with Japanese candlestick pattern and Price action using Daily timeframe you can study trading and technical analysis in babypips.com, investopedia, youtube and forums where there are wide ranges of educative and informative materials as regards trading.
Ensure that you learn, study and get well informed before embarking on trading so as not lose your investment. Demo what you had learnt until when you are consistently making profits then start real trading.
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I have been making an analysis about how people is getting real rich thanks to the increse of BTC and it is amazing to think that people are getting real rich, lets hope and this will continue so the people that holds very little BTC also gets rich.
This is the analisis I made:
On February 1st 2015 you will need 4,219 BTC to have 1 million USD, now that is worth: 10,125,600 usd
On Febraury 1st 2016 you will need 2,681 BTC to have 1 million USD, now that is worth: 6,434,400 usd
On February 1st 2017 you will need 992 BTC to have 1 million USD, now that is worth: 2,380,800 usd
Today you need 404 BTC to have 1 million USD ( the person who has now 404 BTC it is millionaire, and in Feb 2015 just had with the same 404 BTC 95,757 USD
That is amazing.
I wonder what are the new rich people doing right know? have they realised that they are rich yet.
Most of the people that have gotten rich from bitcoin are probably the ones that got in very early like early 2013 or before. The rest of us are trying to catch up. I think rich people are now richer because of bitcoin they able to buy whole bitcoin as an investment but for those people who have no money to invest are now still working hard to get more bitcoin and dreaming to be rich like others here. No one expect that this digital currency will be a way to be rich us. It is Gods will. Actually those involved in bitcoin when it was introduced are rich now, although keeping bitcoin in those days is not justifiable because it 50:50 chance nobody had expected the price to rise to this present level what if the price reduces then? This is just risk taking and at the end it's taking and it's had paid off making many millionaires. |
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Technological advancement make it easier to earn bitcoin online by reducing unemployment, with recent trend on hiring services online has created vast opportunities to acquire skills such as programming, graphic designs e.t.c with those skills one can be gainfully employed deploying all those services and paid with bitcoin. Internet had created opportunities to learn all those services online, personally I have started learning one this programming languages so as be self-employed in the future.
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It is good that young people will go in bitcoin but we cant force all in. If younger generation will become responsible by learning basic process and how to use bitcoin is a good thing. As bitcoin will helps young people for their future needs and can support financial needs also.
I don't think that you get the point of young people investing in bitcoin. What i see the real advantage of young people investing in bticoin, as opposed to older generations is that 1) They are more open minded 2) They are able to hold their bitcoin for a large amount of time, possibly during this time there will be a financial collapse in the world allowing their bitcoin to rise in value significantly and 3) They have more risk tolerance than older people. Older people are generally less open-minded, yes. But that doesn't prevent them from investing in bitcoin either. It's just that young people has more of an opportunity, and they can take on more risk. Whilst I don't agree with the all in mentality, it should be something close to 80% or 70%. Actually the OP is trying to encourage young people in investing in bitcoin for their future while doing other things. with current rise in price of bitcoin the speculation is that it's will continue to rise and this will serve as a good investment. I quite agreed with you that young people to hold their bitcoin for very long time because they are risk taker this will enable the youth to make enough profit as the price of bitcoin soar high. |
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The major sources of earning bitcoins is investment, trading and selling of skills such as graphic designs, programming e.t.c aside those signature campaigns, capcher solving, PTC e.t.c are also another means of earning bitcoin but signature campaign pays better than the rest.
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DCORP has come to stay since it inauguration in June 1, DCORP need more people to invest in DRP so as to exploit the full potentials of their investment. DCORP has a team of talented and best hand in crypto industry and securing your future.
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Getting into trading requires some knowledge. Trading cryptocurrencies is not just the art of buying and selling just like the convectional trading.
Cryptocurrencies and forex trading requires knowledge in both fundamental and technical analysis and there are a lot of avenues to learn it e.g youtube. forums and forexfactory. Knowledge of Japanese candlestick pattern and Price action is enough to know when to buy and when to sell.
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Going by the pin bar formed on Wednesday it is very obvious that the price of bitcoin will rise. although there are a lot panic selling few days ago people are scared that the price may go down to $1000. But price had started moving northward and according to some technical analysis it is projected to reach $4000.
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It is preferable to split investments rather than investing in bitcoin only. Although it may be economically viable but due to the volatility and instability of the price of bitcoin these days could make or Mar the benefits of investing in bitcoin.
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The worst decision I ever made is not holding my bitcoins this had really make me to lost the opportunity of earning a lot of bitcoin now. When the price of bitcoin was very low in previous years I ought to have keep this coins unfortunately I kept on selling.
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