60 Bitcoin is an enormous amount and potentially enough to build your own business in cryptography. Nonetheless, if you don't have any idea where to get a team, it would hardly create a business. It's easier in this world if you build a trustworthy team that can do the job properly. This place is full of frustration, so if you don't know enough about these things then your 60 BTC might be in vain. To begin with, you need to gather as much information as possible, make a reference plan or roadmap. The best option is just not to restrict our crypto business, you might be able to use the fund to buy stocks on the market.
If I would have that huge amount of BTC I would not build a business from where it came from, there is a huge potential of business in here in cryptocurrencies but with the competition that is giving birth to more and more shit coins and projects gives me chills to the bone. I would convert that up into fiat and work my ass out on a physical business, I'm not really considering to have a business in here. 60 BTC is a good capital but it is not enough in order to build an exchange or a gambling site so the best way to use it is by withdrawing it and build a business that can give us passive income. The best investment vehicle for me is real estates and also a manufacturing company. If I have that kind of money then I will start my own business that can generate huge amount of cash flow in my asset. With 60 BTC we can create a gambling site there, the gambling sites are becoming more popular and the users over the years are keep increasing but there is a problem and it is the stiff competition in the market. There should be a good marketing team that can promote the gambling sites in order to survive in stiff competition. I want to have a gambling sites in the near future but the investment is really sucks because I'm aware that I need a huge amount of money. |
|
|
|
|
Madami na akong na achieve ngayon taon dahil sa mga gains ko dito sa market. Nakapag patayo na ako ng sarili kong apartment kung saan may passive income na ako tuwing buwan. Nakapag patayo na din ako ng isang coffee stores sa aming community. Ang goal ko naman sa 2020 ay madagdagan pa ang mga assets ko upang magkaroon pa ako ng mas malaki pang mga passive income.
|
|
|
|
You also have to think about the worst risks that will occur because investing in bitcoin has a very high risk. if you are ready to make a profit you must also be prepared to lose, this is a difficult decision but you cannot avoid that risk. so ask yourself about your preparedness to face this risk.
This is a never ending question from others if this time a good time to buy bitcoin. That's true there is high risk so everyone should understand bitcoin before investing in it. A must to decide on your own and not relying from others. So, always analyze the situation first the market when buying bitcoin. Do not buy bitcoin base on sentiments of others. There are a lot of fake information and you cannot just follow the advice of a stranger. You should base on your own understanding in order for you to become independent. Just do not depend on others decision for you to not lose your capital and also your confidence. You should only buy bitcoin if you fully understand the market for you to not need the sentiments of other persons. |
|
|
|
|
I still no have idea what will I do if the halving will not cause the upward move of the bitcoin. My action is depends on the price action so that is why I still have no plan for that. Also, I do not care in halving because I am not a holder and I am a trader. I do not want to become a passive investor who are just holding a coin in a long time because it is sucks for me. I'm an active trader because that's what I want.
|
|
|
|
I have also some doubts this coming year whether the halving would trigger and be another catalyst of a bull run, or it won't affect the price as much as before. Either way, I still hold some in hopes, and even TAs point out that it would increase, though such TA predicitions are still not that reliable. It's too volatile to predict and too decentralized to know what would be the next price trend. Anything could happen, positively or negative way.
Doubts are sometimes can become the challenges that we can face because it makes us to be afraid to make investment with cryptocurrencies. I do not see the bitcoin and crypto as a good investment, I'm a trader and an investor; I keep seeing a lot of opportunities in the cryptocurrency market so for me bitcoin investment is really worth it. The thing is, there are people who losing money in bitcoin because they just putting their money without knowledge; it is the problem and we should invest only if we fully understand the market. |
|
|
|
My most recommend way is bot trading i've never tried it but also going to try and make it. I've seen some videos of it that really quite catch my interest especially when i am lawsy trader and it doesn't just trade for you and provide automation it also gives you profit by trading without any emotions attach. As long as the bot is properly coded and properly tested, i think there should be no problems with this.
There are some platforms out there that let you 'make your own bot', quite useful without having to design the whole thing from scratch You need to know how to set it up, and you need to have a bankroll for that trading bot to work. It can be a problem to set it up, it can be a problem if you don't have the required amount, and all that time you are risking, for holding your coins on the exchange and for a trading bot. Risks are huge, I'm not sure about the profit someone can make with some small amounts. I do not like trading bot after all, even we can earn money from it without doing any work. I still prefer to trade with my own skill and knowledge, we cannot become a profitable trader if we are just using trading bots. We can become a professional trader by experiencing the trades and not by using trading bots. There is no guarantee also to win in trading bots and there are people who lose money from it. The risks are high and it is your fault if you lose money from it. |
|
|
|
For $651~ you could of got yourself a shiny whole bitcoin on coinbase plus their $6.66 fee. I wouldnt of mind paying this fee on top regardless. Even if they were asking 10% of the purchase amount at the time which is probably more by now.  The beautiful thing about bitcoin is that after around 5 years you will check your screenshots again and will be wishing that youve bought at 7500 because after 5 years btc is gonna be in around 75k levels. The great thing about bitcoin is that it is never too late to buy. Bitcoin is literally coded to pump, it is deflationary and it is the best currency that people have ever had. For $651~ you could of got yourself a shiny whole bitcoin on coinbase plus their $6.66 fee.
I wouldnt of mind paying this fee on top regardless.
I was introduced to bitcoin in 2015 and at the time, the price of bitcoin is just above $200. You could only imagine what could I have done if I knew that the price of bitcoin will grow this much in such a short period of time. Anyway, that is all in the past now. All we can do now is learn from it and act to it accordingly. So right now, I am hoarding as much as I can and hoping 2017 bull run can happen again in the future. The thing is no one knows that the price is going to go up, all the people who made the fortunes out of bitcoin literally just believed in it. If you are a strong enough believer sooner or later you will be rewarded. We have bad mentality back then, we did not expect that the bitcoin will pump like crazy. We ignore the bitcoin when the price is still cheap and there is opportunities that we lose because we did not take an action. Right now the price crashed again and for me it is time to acquire bitcoin. I do not mean that we should just quickly buy. What I mean is we shoukd find the best way to entry in the market in order to acquire bitcoin at right price. |
|
|
|
|
A little greed and confidence. If you have desire for something else then it is a greed. Greed will push you to work hard and work smart to achieve your goal. But too much grees is bad we should just have littel greed. Confidence is something that we should also have because it makes as a strong person where we can fully execute our trades without doubts and second thought. Confidence is not something that we can get easily, it is enhancing and proper communication and study can make us to have it.
|
|
|
|
The financial crisis is an almost continuous phenomenon. He loosens his grip, then strengthens it. Although it is worth recognizing that it used to be more local in nature, and in recent years we have seen trade wars between the leading countries of the world. This is bad for the global economy as a whole. I think cryptocurrency will help some people diversify their assets and ease the impact of the financial crisis on their family.
Yes, financial crisis is continuous phenomenon and it happens in certain time intervals. So, actually it can't be avoided but it can be predicted. Also, some said that financial crisis is usualy caused deliberately, usualy by banks and other financial elites. Some economist say that 2020 is the next crisis year and that people should be prepared. Some will turn to cryptocurrencies as a solution and that might riae their value. Even if the next year crisis don't start people should be prepared and always have some kind of back up, Bitcoin could be one of the solutions. We should be prepared if we want to not lose money. Financial crisis is now near and we can avoid it by investing in real assets. As time passing by our economies is continue to boom and of course the banking system should be improve but the problem is they do not know how to fix the current problem that they keep experiencing. We should be a smart people if we want to avoid the next crisis. I will invest my money mostly in golds and I planned to create a business that can give me passive income. |
|
|
|
In my opinion why some people have not started a small business by accepting payments with cryptocurrency. The reasons are several
the state prohibits its citizens from using cryptocurrency as a payment. And the next reason is because cryptocurrency is volatility,
therefore a small business that we know has a small capital as well, so it is risky if forced to accept crypto as payment. But there are
already small businesses that try to run their businesses by accepting crypto as payment, even though the amount is still a little. Hopefully
in the future there will be more countries that legalize cryptocurrency, if this happens I'm sure there will be more business who accepts
payments with cryptocurrency.
There are laws that prohibits the businesses and merchants to accept bitcoin as mode of payment. It is one of the factors that stop the mass adoption. My friend from China want to accept bitcoin in his store but there is a regulation their that citizens and businesses cannot accept bitcoin as payment. In my country it is legal to use bitcoin but the thing is people are still want to use fiat than cryptocurrencies. |
|
|
|
Halving's a big deal. However, after halving, the price of Bitcoin will increase a lot. We are looking for logical dynamics for the price of Bitcoin. But not. For many logical reasons, we interpret the bitcoin price graph. What if I say the price of bitcoin will increase by $ 3,000 a day? Hanig makes sense of this. I answer no one.
I have to say I don't agree. Many are expecting a big deal from halving but I'm not among them. Yes, halving might increase Bitcoin price but that will probably be only on.a short tern and I don't expect to see some huge price, rather some moderate increase. So, to my opinion expectations are bigger than the real effect is going to be. Most of us have postive expectations, we are mostly expecting that the price will go up after the halving. But for me the effect is only small, the price crashed in this current year and bitcoin is having a hard time to recover its high price before. If we are expecting be sure that it is feasible where it is possible to achieve it. There are many predictions that I keep seeing where I can say that they are dreaming because they expect too much. |
|
|
|
|
Bitcoin trading is not something that we can learn in just days. People think that they can easily learn that, in reality it is really hard to study trading. There are fake information in the internet and it is hard to find a legit ones. I learn trading by reading books and different pdf in the internet. There are also legit persons who teaching trading for free. But we should be careful after all because not all of in the internet are true.
|
|
|
|
I always exchange bitcoin to altcoin like ETH, XRP or USDT to lower the withdrawal fee, usually 1-2$ each withdraw time. But i only do this when withdrawal fee is above 10$ because when i exchange to altcoin, i have to pay for exchange fee.
My technique too when I am going to withdraw I will convert it first to XRP or ETH before sending it to my wallet. Another is, I don't really withdraw that much, as much as possible I want a one time withdraw from all my holdings not only with bitcoin but also on other altcoins I hold. Transaction fees with bitcoin is very high right now, So I guess it will be good if you will not use that as escape in the market especially when you earned a lot. Withdrawal fees are sucks, most of withdrawal fees are really expensive and it is hard to avoid it. I choose an exchange that have lower withdrawal fees for me to save more money. There are a lot of strategy that we can use in order to avoid high withdrawal fees, changing the pair also can help to do it. If you will convert your bitcoins in other altcoins like ETH or LTC then if you withdraw it; the fees will be lower |
|
|
|
The price of 1 BTC=$1M is McAfee's expectation and prediction, but I think it is impossible by the end of 2020. Even if BTC can reach $20k by the end of 2020, it is a success. It's too big for the whole market.
$1M is a dream not far but quite impossible at current circumstances. $20K would be a moderate prediction to make for 2020 and if the situation remains same, we'd have bitcoin price fluctuate between 10 and 20K unless we solve technical issues of scalability and fees as well as legal issue of legality of holding and trading. He's dreaming after all  . I do not know why there are people who really believing that the million dollar per each will happen. It is impossible, right now the price is having hard time to surpass its current resistance. Even if the demand will continue to grow over the years, we will still not see that thep rice of the bitcoin will become a million dollar per each. It is not realistic, maybe $50,000 per each is possible but a million dollar is really not possible for me. |
|
|
|
Why will you believe into mcafee prediction, it is just a guess and he is not from future to be accirate to his prediction. I do not believe to the people who predicting the price of bitcoin. The one who created this post is one of the victims of the sentiments of the others. Just rely on yourself in terms of making decisions and do not follow prediction and trading tips of other people.
I do not believe in his predictions at all but many newbies do and then when his predictions obviously do not become true they are disappointed and puzzled about why that is the case, they need to understand that is not the way to create lasting profits in this market, the only way to do that is to study the markets by yourself and then come to your own conclusions and when you do then you need to test those conclusions against the previous market results. It is a big problem in the market because most of newbies are relying to the predictions of other people like McAfee. His prediction is so impossible, $250k in 2020 is not realistic after all. In order to become profitable trader, first we should not believe to the prediction of others. Ignore the people who keep saying that they are more knowledgeable than us, we should just follow ourselves in order to avoid the dissatisfaction. |
|
|
|
For the first thing is that people still have a wrong perception of Bitcoin and Cryptocurrency, in recent time, A lot of scam crypto project proves it again this platform is not secure yet, a lot of people have lost their money by investing in this cryptocurrency so they are still possessed a negative remark about this system, I think it's just a matter of credibility so not a single government will not allow for such type of vulnerable system for their people. also, no government will not allow a decentralized financial system in their territory.
Governments are considering a lot of factors before they will accept bitcoin and cryptocurrencies in their country. I am sure that before they are making move they are studying it. It is a reality that there are governments who will not legalize the cryptocurrencies because of its characteristics of being anonymous that can use in illegal transactions. Even the use of cryptocurrencies are traceable, the government will not find out if who is the person or the organization that are using it. There are many advantages of the bitcoin but some of the governments see that the disadvantages are more so the result is obvious where they do not have plan to accept and legalize it. |
|
|
|
|
People keep ranting and worrying about bear market and they see it as a bad. As a investors we should see the bear market as an opportunity to buy a lot of potential coins, there are coins crashed and it is example of the opportunity that we should not let go. For me bear market is not bad because I keep making money even it is bear market.
|
|
|
|
People forget that bitcoin doesn't have to be this much of a day trader product, you can literally use bitcoin yourself if you want to spend it on anything OR the most logical thing it is a very scarce commodity so you can hold it. If you are afraid of volatility and you are bothered by the fact that you may end up losing money wherever you want to buy bitcoin, just hold it.
I personally have the same coins I had in 2015 let alone the new ones I purchased so I am never bothered by the volatility, I had bitcoin during 2017 and I had it during 2018 and I still have it. I did spent some of it, I did bought a bit more later, but in the end I do have even more bitcoins than I started all thanks to me not selling my coins because volatility could have hurt my results.
That is without a doubt one way to handle the volatility of bitcoin but you can not really expect that everyone does the same as you, to begin with you seem to be very comfortable with the amount of bitcoin that you are holding, something that is not true for the majority of people in this forum. Also you can hold your coins regardless of the market conditions because I'm sure that you are convinced about the future of bitcoin but we must understand that unlike you the majority of the people in the market do not really believe in bitcoin that much, they are here just because they want to earn money in a fast way and holding your coins is not really their preferred method to do that. The answer is subjective when it comes on what's better between holding and trading. As a trader I prefer to trade my bitcoins than to hold it. I'm an active trader so it is suitable to trade for me. Those passive trader are suitable in holding bitcoin in long time and they will not also be worry about the volatility because their just holding. As an active trader, volatility is really sucks but I manage to survive in the market because I know what is my doing and I have a lot of strategies in order to manage the volatility. |
|
|
|
Even if you have a lot of confidence but your knowledge about trading is not enough then still you will lose money. There should be balance between your skills, your knowledge and also your self confidence while trading. Those 3 are important characteristics and all of traders should have it to perform and execute well in trading.
And unfortunately that balance is never reached, and since gaining skills and knowledge is so hard then most of the traders that we see have a lot of overconfidence but very little skills and knowledge and that is a very dangerous combination in this market when we know that many coins can crash in a matter of days and an overconfident trader is not going to take the necessary steps to correct his position because he believes he is right all the time and that he can do no wrong. It is really dangerous so we should not become a trader who have excessive confidence. There should be balance between our confidence and our knowledge. The thing is many people are becoming ignorant because of over confidence. They thought that can win in every trade and it causes a bug loss. Confidence is good but there should always be a limit. |
|
|
|
|
There are two types of people who are making money with bitcoin. The one is a investor and the other one is a trader. Being a investor is easy because you will just buy and hold bitcoins in a long time and it has a medium risks. Being a trader is hard because buying and selling bitcoin is very often and the risks is high. I'm a trader and I making money by buying low and selling high.
|
|
|
|
|
Show Posts
