Best way for a steady income for me is a business. Any business online or a physical store. Gambling and trading is not a way to earn steady. You can have a steady income online if you are a freelancer for some kind of job like programmer or web developer. But in a simple task you won't earn stable because simple tasks are also boring to do everyday.
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Doing both is the best. Saving money for the future and investing to earn more and also save more. Investing all is not a good thing to do because you might have nothing to spend when emergency happens. Saving all your money is not good also because you won't have nothing to earn when you stop working or retire.
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I think all of us dreams that. All bitcoiners dreams to get rich in bitcoin someday. But it would take to much work and long time for it to happen. A dream is just a dream until you make it happen.
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Doubling 100K dollars is not easy. It's up to you how are you willing to wait for it to double. If you want short term you can gamble it but that is very risky. For long term you can do trading or mine some eth or btc. Reaching roi will take a long time but i think that is the only way to double it safely.
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My investment strategy is i just invest 10% of my portfolio if i invest for something. I don't invest more if i'm not yet that confident in that investment. Win or lose i just invest 10% of my portfolio. No more, no less.
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I'm good as i can save some bucks to buy when i crave for food that i want. I can also save money for long term to buy a new gadget for myself. It's really hard to manage money because you have many things first to manage your money wisely.
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Passive incomes or most likely ponzis and hyips are definitely scams this day. I don't trust that kind of investment. I'd rather work hard to earn my money than let those sites take my money away without any reasons.
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I use poloniex and bittrex always when trading altcoins. Most cryptos there are not sh*tcoins. The cryptos have different roadmaps which is good to buy.
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Buy a crypto where it is cheap right now like doge or ltc. It is a good time to buy it right now. So a small amount can increase if you sold them for a higher price rather than buying those scam coins on the different exchanges.
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If there is a way to convert it to fiat in my country then why not. If i accept bitcoin as payment many people will be curious what is it so i also help spreading the awareness of bitcoin to people. Plus my business will be known to many people so it will attract many customers.
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Successful trade is where you buy low and sell it for a higher price. But a successful trade requires patience to make it happen. If you are not willing to wait then you can't do any successful trade.
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Be patient what you are trading. If you can't wait for a week or a month then stop trading cryptos. You'll just end up losing your capital if you are not patient in trading. Not all cryptos always pump. You can't predict when it will pump so you really need patience to gain profit.
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It depends to you where you are confident growing it. You can grow it through gambling or by trading. Or other way you know to grow your bitcoin. In every way to grow it or investment there is always a risk so we must be sure where we are growing it.
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Yes it is because there is no a permanent pattern on its pumping time or when it is a good time to buy. You must not let your emotions get over to you or else you will end losing. You must accept your mistake when you make a wrong move in trading.
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First research about that altcoin. Find out if it has a forum. Read about its feedbacks. Study about its roadmap. Find out who the devs are. Other than that if you can't find anything about that altcoin then think twice before buying it.
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It's better to spend it by buying some mining rigs. But be sure it will be profitable before doing that. 5k euros is a very big amount of money. Invest it where you are confident not losing your money.
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Not yet because i'm still not sure where i can invest it confidently. Exchanges right now are not also safe if you remember mtgox or cryptsy if i am correct. So there are no safe investments right now in the world of bitcoin.
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It's good time to start trading when bitcoin is stable or altcoins are very cheap. With the stable price of bitcoin you just have to wait for your bitcoin to sell it at higher price. While in bitcoin study first the chart when it pumps to know if the altcoin you are buying is good.
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When i'm new in trading i lose almost all of my bitcoin. But right now, from the past experience i'm earning profit now and starting to recover my previous losses. I think same goes to others who are new in trading too.
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Definitely yes, it can be use for good and also bad. It depends on the person using it. Bitcoin was not made for bad things. Satoshi invented it as a currency in the internet. To help people from those big fees from banks. Pay bills conveniently and many more.
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