Many posts discuss the possibility of exchange earnings with selling Bitcoin (and buy later). Other posts discuss the Bitcoin exchange rate, it seems that many agree there is a strong upward tendency and the volatility is hard to predict. It seems dat selling Bitcoin results in a serious probability of an opportunity loss. Selling Bitcoin can only be motivated by an (partial) exit. Do you agree?
In today's situation,definitely selling bitcoins would be an opportunity loss since bitcoin price is continuously increasing and since experts had already predicted that bitcoin would move in bullish trend through out this year.Bitcoin is a long term investment coin unlike altcoins which are short term investments.Hence,just hold your bitcoins for some more time. I completely agree with you. It is possible that after the august the price will go up and even higher than we've ever seen, so selling now is not a wise decision. If you want to sell something so badly, sell some altcoins) After years of volatility, the Bitcoin price forecast is finally on an upward, bitcoin prices rose sharply in 2017. The year 2017 is truly a very busy year for Bitcoin shareholders. Bitcoin price really took flight after the second crash in late August. wait and see. Very busy indeed. And it was accepted by japan and in a few days officially by auatralia and there would be another good run that can see btc investments shoot to beyond 3k. People were saying last year that 2017 would be a good year for btc, well its been a great year so far |
|
|
|
I think if USD will fall to the ground, I'm pretty sure a lot will be affected especially the crytocurriencies and bitcoin too. But I don't think that's happening anytime soon, I mean that's a huge impact to a lot investments and big industries all over the world.
Well if you talk about the dollar, it's probably about sacurity and stability since it currently is the top currency in the world today. It's overcome a lot of challenges before that may have toppled other currencies and has a very strong foundation so it's probably gonna stay where it's at for a long time |
|
|
|
Wow this makes a whole lot of sense and puts things in the right perspective when looking at how you handle btc and alt investments. First time i've a post from you dude and would be following future posts  |
|
|
|
I read a story online of recent were some one share a story how a man invest $1,000 into bitcoin in 2011 and now his investment worth $880k. Crypto currencies is really " the future of making money" I do advised youth to learn things related to crypto currencies in other to become relevant in the nearby future.
I don't think that i agree with that "future of making money" because if that is true then the features of bitcoin will become worthless because it will just focus on making money and not on the possibilities that bitcoin give to us. The right term for me is, it is the future of the money because we can have a much better type of money rather than the fiat which we can found in bitcoin. I'm nit sure of what to make with the right term you used there dude. Crypto is almost surely going to be a part ofbthe future but i doubt that it would exclusively be since we still have a long way to go full digital. Right now, we can take advantage of the money making features of it and i don't think op is wrong with what he said. |
|
|
|
It would be a horror since you would be in the hands of the dev's .One negativ interrest rate and your wealth is going down when sleeping
Not only that but imagine what would happen in the case of the internet going down for a significant period of time due to hardware failure or hacks. At least now we can use cash even when all technology fails. That is a great point, we shall still use the cash and not all depend in money in the internet because if there will be a crisis in the internet then people will just get stuck their money in the internet and having bitcoin is useless when the internet is on a crisis. Cash is created because of the things that we need to pay even there is something wrong in the internet or in the world because is very easy to use cash you just need to pull it out from your pocket then there is no fees to mind except tax then you are good to go. There's really a need for cash since there are few facilities that offers or accept btc now so there's no choice we just need to still use it. The only reason we risk our money in btc is the possibility that it will really pump and that we can earn in many ways having it than in actual fiat that having profit in business were too small and slow. Majority of the users have the same thinking, but the recent days this has changed a lot. Countries legalizing bitcoin is a way to create a cashless society. Little by little changes can be felt in the entire financial system. What's been done at present by several countries is Just a base and coming years we can see the same making evolution in the cashless system. Yeah. Many countries are now accepting the bitcoin as their daily payment but we can't become cashless society there are many big changes in our daily lives. The future will both use fiat money and cryptocurrency to their daily payments I believe to that. For the simple reason that there should always be a back up especially with the monetary system hat we have, we can't go fully cashless. It's not logical tonhave a system that is based on something like the internet that can anytime crash. What happens to us then? |
|
|
|
Young people are the strength of a country and an economy, young people can make change anything within a moment, they are always playing an important role to generate and promote of anything, that's why young people should go with Bitcoin and conquer the economy.
Yes they are and one of our national hero says that it is the future of the country. But there's a certain age of those young people that you could start teaching about bitcoin. Actually if you can do calculations on total bitcoin users. Then you will find that most bitcoin users are young people. I'm sure they found bitcoin because they wanted something new and more challenging to do business. And the young soul fits perfectly with bitcoin It's hard to make a calculation or survey like this. Because most of the time we really don't know if the percentage of young bitcoin users are higher or the middle or older ones. I agree with your last sentence, bitcoin really fits for the younger ones because it's a technology related thing. i agree with you because we don't know how much exactly people or young people using bitcoin but i agree if young people should go with bitcoin but not for all of their money because all of them is not work and many of them is still in school. maybe they can invest from small amount first and then they can invest again if they have more money. but for young people that have much of money, then they can invest half of their money in bitcoin. Well you can't really expect anyone to invest on something they don't have any frim grasp on. For young people to invest in btc, it should be explained thoroughly to them inclusing ge risks. If you tell someone about btc whonreally doesn't know anything about crypto, of course they'd be skeptical. Though the crypto ways would be easier explained to this generation who grew up with the internet, someof them won't really have the interest for it. And if you don't have that, better to just stay away. |
|
|
|
When i was on trading i buy low and sell high but i cant take it anymore sometimes theres a time were the bitcoins are high and theres a bitcoin that low price of course im not the only one trader theres so many trader so its hard to sell it and get a commision with a great interest
You need a strategy other than buying at a low price and selling it at a high price. Often serignlah stop at traders forum there are many science you can get there. Because trading is not just about buying at a low price then selling it at a high price. Because maybe the price goes down after you buy? That would depend on what you like to do, you could sell immediately to avoid further losses, but the problem with trading that way is that you will have to pay lots of commissions by buying and selling in such a short time frame, if you hold you avoid the commission but you risk to lose a lot of money if the price dumps just after you have bought. It is all about having a good price entry to a coin, if you are a trading volatile coin then you should just buy at the dips and don't join the pump because you might get a loss after a few minutes. If you are stuck from the pump and the price is just continue on dumping then all you need to do is hold it, it is better to just trade legit and coins that has a lot of potential in the market so if you got stuck then you just need to hold it for long term. Correct, me i do trade in altcoin but for short term only, its hard to hold some altcoin for long period of time becuase if bitcoin value continuous to increase the tendency their value will dump or else their volume will lost and will turn to scam coin. That is why bitcoin is the one coin that good to hold for long period of time for me. Well i agree to the fact that the trick is to enter at a good buy point. It's more important for me to have a good entry as your selling point would probably be profitable if you've managed to buy a coin if they're on their cheapest state. For this you have to look at the charts. I usually buy coins that are on a conaistent downward trend and try to predict when they'll be in their lowest. |
|
|
|
After the events of last week.
I was making this suggestion to some folks yesterday, but they claimed that bitcoin is too small. Does it matter?
US dollars has been the strongest currency till now.It has been the global reserve currency since past seventy years.Its in its final stage of global reserve currency.Bitcoin has been predicted that it would be the sixth largest reserve currency in 2030.So,it would take long time for bitcoin to become strongest currency. One of the hottest investments right now perhaps but certainly not the strongest currency. Many doesn't even consider it a currency at this point yet, they got into bitcoin to earn moneh through it's volatile price movement. It may take a long time or it may even never happen that btc will beat out regular fiat currencies like the dollar. |
|
|
|
Embrace the bitcoin price now while you can. Bitcoin is a good investment, I truly invest, hold and for sure I will earn more on bitcoin. All of us can be rich in bitcoin just be determinea and be patient to win your goal.
It all depend on the people if they want to have the price of Bitcoin to be really expensive or worth nothing. People like to spend Bitcoin so much that they forget about holding onto it. There's other people that know that the price of Bitcoin will get more expensive so they hold onto it. Holding bitcoin is the best option even the price is already high because we can earn more money in the future if we have enough patience and knowledge in bitcoin. People like you said just spend their bitcoin for the things that they want and not for what they really need only and that makes them regret in the end of the day when the price of bitcoin already get to a certain price that they don't expect. I don't think there are only a few people who believe in holding btc for a long time for future profits. People have seen hoe fast btc grew from last year to now so i think many will think twice in spending their btcs instead of saving. It actually made people realize the profitability of saving. |
|
|
|
Some may suggest to invest in some gambling sites to double your bitcoins.But it totally depends on fortune and it may even make total loss of whole investment.My idea would be to store bitcoins in cold storage for about six months and then check the price.More probability is that the bitcoin price would double.We have already seen that bitcoin price was around $850m in december 2016 and now after six months,its price has almost tripled and now its price is $2400.
Well i think there's a difference when you invest in gambling sites and to gamble itself. It's a good option to invest i gambling sits as these sites never run out of people in it. The profit eill continue to generate as long as the site is running. |
|
|
|
I am wondering what provisions have you all made in case you die before cashing out your bitcoins? I am single, live alone and both my parents are deceased. My siblings dont care about any of this, however I would like my nieces and nephews to get some of my profits but they are still very young right now. I dont trust lawyers to give them my private keys. I am wondering, what can I do?
LOL such a gloomy thought dude though reasonable. I think you should teach them already about btc. You really wouldn't have much choice but to teach them about it. Or you can make recordings where you can explain to them how to have access to your btcs and how to use it if they're still too young to understand. |
|
|
|
many of my friends did not work but a lot of money away was great when compared, to me that is still working in the factory, I was confused from where producer obtained from bitcoin?
You can earn bitcoin through signature campaign. You just need to sell your knowledge, effort and skills. It will not really consume your whole time, because you just need to follow the required post. Probably, you can earn 10,000 pesos a month minus your internet bill. This is is not so bad on line job. Stay focus and just read more in this forum. Yeah it's like having a secondary job that sometimes can actually give you more profit than your primary day job. It now really helps a lot of people and i agree even signature campaigns canngive decent earnings once you rank up and got into a good campain. |
|
|
|
Theres no chance that bitcoin will go back to that price, cause even there is a huge panic on the market bitcoin will still maintain the 2000$ above price.
considering bitcoin nowadays getting rare and as time goes by only few people hold bitcoin then yes there is a little chance bitcoin could go down to below $1,000 or so , unless there is a huge news about how bitcoin recognized as an illegal thing around the wolrd which it is near impossible. so just hold your bitcoin or even buy it now before bitcoin getting expensive. I could not imagine how investors will be upset if the price will go down below $1,000, that is more than 50% decrease which is not good for the market. I will not expect that to happen, and we are already lucky to see the price below $2,000 which I think gives us the opportunity to buy. Well even in the slightest chance that btc may go down that low, investors would only see it as a chance to stock up on btcs. Eventually it would go up again and more profits for those who do not panic. |
|
|
|
Of course I do not agree with that because fiat currency will forever remain valuable though not as big as the bitcoin price mentioned, most people who do not know of their bitcoin are more comfortable using fiat currency.
What makes bitcoin valuable is its value when converted into fiat, therefore even if bitcoin will be popular and will increase its demand we are still gonna see fiat in the circulation. Maybe some people does not really understand what bitcoin is, to reiterate, it is just a payment system or a tool that will not have any value when not used by people. He first question is will btc be able to go that high in fiat price? Probably yes, probably no. It can even go beyond 10k in time. Though whatever the price of btc may become, i'm pretty sure it's not going to affect fiat at all. It can be the otherway around but btc will have minimal effect on a stable currency like fiat |
|
|
|
Volatility is not new to bitcoins.Price always increases and decreases as demand increases and decreases.Only newbies get panic on seeing price falls and start selling their bitcoins.It would only favour big whales to buy cheap bitcoins.But i have seen such huge price rise and drops and i am just going to hold bitcoin on a long term basis.
Indeed. Same here. And i also would take advantage of buying btcs during these drop times instead of selling. With btc, positive outweighs the negative so when the price of btc drops, much much better to add up tonthe ones i'm holding. I have high hopes hat this strategy would someday reap big rewards in a few years |
|
|
|
Until a digital currency works offline paper money will always be around and be useful and any attempt to remove it would be met with protests. I really don't see why some people seem to think bitcoin is a replacement for fiat money, they both serve their own purposes and can work well together.
I actually would not underestimate the possibilities and potential of paper money, because today more than half of humanity Only thanks to them can afford some kind of shopping. Not everyone recognizes the banking sphere and credit cards and I'm not talking about the crypto currency. Therefore, paper money will continue to be used for a long time. Lol. I don't see how a digital currency can work offline as by the definition of it, it needs intermet connection to function. That's easily the reason why paper money can't go out of use. We can't really go exclusively digital as there will be transactions that won't support a paperless system. |
|
|
|
Bitcoin in future actually has two possibilities, the first possibility it can grow become bigger but still there is second possibility, that also it can decrease. Because like two things on the side of the coin, they can not be separated. But we must to believe bitcoin will grow up again an again.
We have to believe and have to accept the growth of bitcoin in the future because it is the fact and we will find it if we go through all the things going around the economics of bitcoin. In the coming future we can see that many of the business will be with the currency of bitcoin. The attraction to this currency is much more from the side of merchants and the traders also like this currency the most and with that things we believe that more and more people who will know about bitcoin will accept it immediately after knowing about it so if the users will increase then the use and demand will also boost up which is the proof that bitcoin will increase up in the future. Well yeah you're right. Bitcoin actually feels safer than other alts like eth for loh time holdings even though it would seem eth has better features. Bitcoin has been here for a couplenof years now and has toppled obatacles before and that's saying btc devs are doing a pretty good job. That's why more and more people are believing in btc now and probably more will join the trend |
|
|
|
If you don't like to risk then you just need to save it, it is depend on us if we don't want to experience losing a money. But if you want to risk just to earn huge money then invest it.
There is no future in saving money because it is not like investment that will make your money grow to a higher amount in a short period because saving is just adding money to your account or savings account and it is not growing based on the interest because you are working for money which is wrong because the people who got money and invest it believes that money should work for us. Life is risk, whether you take risk or not youre still on a risk that your future might not be good not unless you prepared for it now, Saving is really not ideal for long term goals because the value of your cash in a bank becomes undervalue because of inflation every year. Invest your money and let your money works for you. Yes it is true to save money in the bank in the long term is not good because it will drain our money little by little. Investing money can make our money grow and avoid inflation, this will make a profit in the future. While investing is risky but we can minimize the risk so it is safe, so as you say life is risky and we must dare to take that risk to be successful. That is right. I save money most of the time and will save for the retirement. I don't see why we have to choose one to better over the other as these are both good for our money especially if done together. I think before you can really invest, you have to first have a backup whichbwould be your savings. Investments are a risky deal and it's goong to be a lot more secure if you know you won't go busted if one investment don't turn out the way you want it to be. Save and invest, nit save or invest |
|
|
|
People should fear a cashless world because as of now. Most of the people are ignorant of bitcoin or any cryptocurrencies. You can not quickly teach or introduce to some people how cryptocurrency works and not all markets, stores, business, and transactions uses internet and is cash basis. There will be big adjustment and ignorance for a cashless society and that would create fear to many people.
I don't see why we should fear a cashless world at all. I mean it's not as if it's gping to be sudden and people won't be prepared for it. Of course there probably would be a long transition before we can all go cashless and i also don't think it would be entirely cashless. We're all born to adapt to change so why fear change? |
|
|
|
What are the features that a good investor should have? What are the characteristics of people who have enough capital and earn money from money?
What are the factors that make these people successful in their investments?
The trust to the bitcoin is the need of many investors. The investors should believe that they can make money by investing to the bitcoin. They should not afraid to the risk of the investment. Yes I am agree with you that the investors has need to believe in bitcoin to invest their money in bitcoin. If they invest their money without fear they get more profit in future and if they afraid to invest their money in bitcoin they will not go in his life with good way and also lose their money. It's more than trust though. If an investor invests in something plainly because of trust, there's a big chance that your investments would go for naught. You also have to be diligent in researching about your investments and have the patience for it. A lot of investors lose money because they lose patience. |
|
|
|
|
Show Posts
