There is no reason for panic or panic selling. It's true that many Bitcoin holders have fear that the price would go down more deeply so they will sell which can lower a price for a bit more. But now isn't moment for selling, the head shor be kept cool and wait for this correction of price to be over because soon Bitcoin will be back on the way up.
If one has invested some decent amount of money at let's say 1050 US$ and saw the movement after it bounced at the ATH, I totally understand that this guy was in fear and did panic selling. If one loses 20% of his investment within 4 hours, I understand anybody selling off any asset in panic. //alex Anyone would worry if someone bought at $1100 in a huge volume and then after one day price goes down at around 20%. It is not normal so the first thing in mind of this person would be selling at the next increase to cut the losses. But people who are in for the long run really would not be bothered. Couldn't have said it any better sir. Only people who bought bitcoins in expectation of easy profit would be bothered with a sudden plunge. If you're someone who started cutting out on expensive coffee and used the money saved monthly to buy bits you really wouldn't be panicking since it's money you would have lost anyway. Selling out after the initial recovery from a plunge IMHO is foolish... it's already rising, why take it out? Might as well just leave it in there. People actually think to take opportunity before it's gone so it's natural behaviour. as i see most of people were buying bitcoin expecting for profit not just like buying bitcoin with dust and if they're going to lose what they have they just let it away. if you think that better holding than doing cut lose then you must be very rich then to not afraid of losing |
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Yeah i agree. Bitcoin already presented us with all its benefits and uses and it would be up to us users to let more people kniw about those features to attract more people. Though i think aiming for 5 digits in btc price is a bit challenging. 5years may be a long time but we'll never kniw whats going to happen then. For me it's safer to say we may be hitting around 5-8k in 2012
it's ain't safe to say if you see the past statistics. the price always fluctuating and goes down after the highest point just reached. people have intention to sell their bitcoin at its highest point therefore a rapid price increasing can't continously keeping up until the "true" highest point. it will lost its moment when people think it's enough to reach that high price. |
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Paypal is not a scam and exists for ages. It is the best way to do your online payments. Maybe some times they do a lot of silly rules for members, but still for me it is the best payment system online.  Yes exactly, but not really paypal is the best way of online payments as of now (at least for me). The best and most secure yet anonymous way of making payments is via bitcoins. Paypal is just another legal payment processor and bitcoins is a revolution since it defines a new currency. Unfortunately many people still prefer paypal over bitcoin because of its coverage amongst many merchant in this world. if bitcoin just have as the same coverage as paypal i'm really sure that bitcoin can be the most used currency for online transactions. bitcoin have so many advantages that paypal don't have and it's running not for profit because it's ain't company. |
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Earning from online advertising such as youtube and other video streaming sites, blogs are kind of passive income source, where you do work once and it keeps earning income via advertising (of course quality of content matters).
yeah a lot of my friends made a channel on youtube, he made a video about traveling, it actually makes a lot of money from advertising. it is passive income pleasant you should try it dude by hearing that your friends need to make a video first before earning money from the advertise i can say that it's not passive income and if i read from the internet with reliabe sources even from youtuber itself that they're required to make videos periodically and if not they might losing many of their viewers or even subscribers |
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I read something interesting.
The answer to whether the current bitcoin rally is sustainable may lie in the volume numbers, or the amount of money traded per day across global bitcoin exchanges.
At least one exchange operator reported that the volume picture is different this year than it was during the last market high in late 2013, which saw prices cross the $1,100 mark before tumbling over the months to come.
When reached for comment, representatives from Chinese bitcoin exchange Huobi – which boasts nearly a quarter of the world’s bitcoin trading market share – said that the situation is very different from three years ago.
Exchange reps told CoinDesk:
"In 2013, when the price was 8,000 yuan, the weekly trading volume was 393,000 BTC, with an amplitude of the week up to 103%. The trading volume was very small. Today, bitcoin [prices] broke 8,000 yuan with 735m BTC trading volume, which is expected to double in a week."
The firm added: "Current trading volume is 37x of that in 2013 and bitcoin price fluctuates 15.95%, which is much more stable than the year 2013."
http://www.coindesk.com/bitcoin-freefall-prices-drop-200I hope it does not fall below $600 because i will have many Losses not only loses on those bitcoin holders who's still holding even before the price was reaching at its highest point but also i'm a bit worried about how miners can make up to fill their needs of electricity, maintenance, and many more. if bitcoin prices will drop to $200 that might be a disaster for the whole cryptocurrency world but maybe it will pump the price of many altcoins immediately |
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I am very familiar with gaming business, so I might be able to suggest thing or two:
1. Op, you know that Steam is accepting BTC directly? Also huge game trading platforms like G2A or Kinguin are in play. Do you think that you will offer something more that these?
You will need to lower the price or entice people with some kind of promotion. It is hard when market is saturated.
2 Forget about old school paperbox distribution system. Focus only on digital versions of games. It is cheaper, easier and more effective way.
I think that both physical and digital delivery shall be available because some people tend to choose the option for them to be able to sell the games after done playing it instead of having the digital versions, but i think that competing those platforms which is already popular and always giving promotion might be a really hard competition but with bitcoin you will be advantageous amongst G2A or Kinguin |
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simple, join sign campaign, you make more money from campaign, you can earn Bitcoins from investments and business, Please use the talents and wisdom of you to do it
There are many ways to increase your btc apart from investment,offer an advertising service in online with btc as your payment option, there are many people out there who needs advertising for their site, are else sell your good for btc, another way is through trading. I agree, we can use our skill to increase our amount of bitcoin. Selling goods is the best way because no limited income in it. Also being a boss is better than being employe, isn't it? it all depends which skill did you have because the skill also must be related and usefull for earnings bitcoin such as trading or perhaps gambling and besides it will be difficult to grown your bitcoin because other skill would be useless I think that if gambling really requires skill then there must be a way to making profit from it without even losing by having the skills but the reality gambling is just pure luck, you just accept what you get and after you lost or win it doesn't matter because the point is you get entertained by playing it. maybe having special strategy in some games probably help you but the luckyness is still the main factor |
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I've had soooo many problems with paypal in the past, it's crazy!
paypal obviously has the benefits of being super easy and mainstream. almost everybody nowadays has a paypal account, whereas cryptocurrency still scares away a lot of people that have no clue and think that the crypto world is way too technical and complicated.
So I think there's no easy way to say what is "better" it really depends on the person, and on what you're trying to do with it.
Paypal has low security, there was a reduction in the funds and limits to make transaction, verify become more difficult because it requires a credit card. Not everyone has a credit card. There are strict regulation, if you broke it, paypal will block your account and your money can be lost. I think bitcoin is better than paypal. Your statement is such a joke. what makes paypal always strictly limiting and monitoring of every their users is a prove that they're not having low security and paypal can also be verified with bank account, NOT only with credit card. if you think paypal having low security then you must learn furthermore, and if you think that credit card is an obligation for paypal then you don't know shit about what you're talking about |
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the people who in need of money and those who's trying hard to get profit from short term trading. if there's none of people are selling bitcoin then it might be seemed really strange then because a normal market must have buying and selling activities so it will be balanced, and probably people who desperated because of the price falling also contributing on this high supply of bitcoin to be sold
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Well I agree with you. The dumps recently are mainly due to chinese though but many contributes to bitcoin's price fall that happen now not just only Chinese, but those who are new to investing bitcoin, panic selling to cut loss or gain profit. For now ill be happy to buy some bitcoin again but I think it ain't the right time to buy now waiting for my target price to be reached. All bitcoin users can either hold or sell now.
selling is really bad idea, why wasting the chance to have more profit while we can just wait for some months while we don't need the money for urgent?. but i actually always wonder how much the lowest point will be touched by bitcoin in this year due to halving have already occur and if the lowest point is the same as before halving then those miners seem to be doomed |
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Paypal is for sure no scam, I can even laugh about it, I think that PayPal is even better than bitcoin and the fact is that you cannot even compare them with each other.
PayPal is doing great things and the refund system is the best.
i personally have no idea about that, either paypal is scam or not. actually i never used paypal because its service is not present in my country, so one thing is clear it has limited service and is not present all over the world. You actually can make a conclusion about whether it's scam or not by seeing that paypal is based on U.S which is really well developed country and always and forcing any company to be submissive to their rules and i think that once the company scamming even an individual then it will be doomed |
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My country's economy is very bad. The taxes and fees are very high. Government is looking for many ways to collect much money from citizens. Inflation and public debt are too high. I think it's very dangerous for my country.
If the public services they were offered to you could pleasing you then it's ain't bad. Government having high taxes for some reason and maybe you're living in developed and it's just normal, unless you're living in developing countries with high taxes and poor public services, then i can say that the money probably being corrupted |
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Paypal is not a scam but its actually too much tied with rules and regulations and some horrible terms and conditions and that is what makes PayPal look like a scam, but in reality its not.
That's right, probably because they're based on first world country which is US and really tied with the rules, can't even breaking any rules if they want to keep their company running and gain profit most of regulations or rules which is released by paypal and inserted into their website just really limiting the freedom of their users in my honest opinion |
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Is there anyone who has tried this.?
The thing is if he has that much potential then why is he looking to do it like this.?
to me i think it is not a good idea to depend on bitcoin for living, because bitcoin is not yet a stable currency and its price can fell down anytime and there can be remarkable increase in the price of bitcoin, so i think depending on bitcoin for living is not a good idea. Well some other people do that temporarily and truly bitcoin helps them interms of financial aspect but actually we cannot truly rely on it since we doesn't knew when bitcoin could last, and also interms of tradings we cannot also tells that we can earn everyday with it since in tradings we are still have a high chance to lose some of our money if certain breakdown with alts will occur. same as every company or anything that can give you profit except working for anyone else, everything have a risk and the risk doesn't make the thing looks bad at all. there's always a way to prevent from losing even if it's an alts breakdown, it's depend on how you manage to get profit |
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This depends on the term of your investment, for short term trade range of 10-30% is very good to take profit but for long term investment, I'm looking at $2000 region to take profit because Bitcoin is going to hold for long term investment
You will be holding forever then because Bitcoin is not going to go to 2k. I sold at 1050 and I will get back in sub 800. Forever? Don't think that bitcoin will never hit $2,000 many traders now are looking into that price and it is possible that it will happen this year. And that's when I plan to sell my bitcoins, when it reaches close to or when it landed already $2,000. But still I won't sell all of my bitcoins because I believe that it can still increase. and the fact that now price decreasing, reaching $2000 is really possible and have a pretty fair chance to be happening but instead of wasting your time waiting for miracle to happen which is uncertain then i highly recommend you to take advantage of the price volatility and make your time more productive |
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Do not ever try to do business with people who are not trusted and are not known in the trade industry. Try to dig their account history: trust, posting history and what the user has done.
I think you can manage the situation of transactions that can save you from becoming fraud.
I do not agree... if many people red trust you...aree you a scammer? No of course at least not because you are red trusted. This is the bad side of red trust: Honnest people are avoid and nice people are mislead... Believe me i know about what I talk...(lol) red trust means you have doubtable and sort of trust issues which could threaten someone who are going to make a trade or transaction with you, the tag on your account which is having red trust it self doesn't say that you're scammer but mentioning to be exteremely careful to trade against you, that's all |
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Information is what the market feed on, so if there is a perceived negative news about BTC it is going to affect its price. Look at what happened to Pound after Brexit vote.
it is all about the holders and investors who afraid to lose at least piece of there richness they know that there are something will affect bitcoin prices im not happy for what happned to pound i hope it will be okay they panic because of there compititora are starts selling their coins. and as i know that those traders are only following the trends to make their own profit regardless to the rate of bitcoin as long as they can just make profit out of it then they don't care, also i think that the point of people expecting the price to be that high is to sell when times comes and not going to hold it forever, price bumping is really normal from that perspective |
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That is correct, Guy. I see that People's demand is rising up highly and it is tending common to all classes in society. I think if bitcoin has appropriate laws for bitcoin, It will quickly become a central digital currency in the future.
bitcoin is just a curreny nor a goverment that can make an appropiate laws, some countries maybe can but limited in their regions and ofcourse they're not going to do it, it is as the same as giving up their economy and even with a law doesn't guarantee bitcoin will be that easy to be a central digital currency in the future |
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If bitcoin to be international currency, what do you think?
You can use it every where and anywhere, without exchange it.
And how to use transaction with it, if bitcoin just crypto currency?
How many people like with this thread?
If it becomes international currency I suppose it will hit 1000$ price and for sure maybe this forum becomes much more popular. LOL. Bitcoin reached $1000 a few days ago, but did not become an international currency, there are still many countries do not recognize, such as the United Kingdom, Columbia. I think bitcoin is still a few years away from the international currency, maybe 5 to 10 years the bitcoin rate have nothing to do with whether it's an international currency or not but a regulation which is created by some government could affect, although it's actually already an international currency but not recognised by many countries, most of the countries were recognise bitcoin as a digital assets or property unfortunately |
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Buy low sell high. Its so easy!
Yes agree with you. Buy low, sell high. It's so easy! )) But how doing it? not easy right? Trade need correct time, Patience skills Strong Nerves There are 100 trades you can make today with not ime and skill where you buy low and sell high. You just need to open your eyes and look for them. Like it has been said many times, it's all about finding the right timing, it's not necessary to trade all the time because the price does not fluctuate all the time. Success in trading is very possible if you only focus with limited assets and must ensure that you make the right study of what you are trading, more knowledge you have it will help you make a right decision, you are not gambling here, our prediction always have a relevant explanation. Actually , every newcomer in trading looking to get profit in less time . For example he want made buy altcoin with much wait instead of ordering to buy at very low rate. and second the big thing in trading to sell at high rate which needs a long time to increase price so here a great need of patience . - all right, but easier said than done, want to Buy low, sell high not that simple, it depends many things - e.g. the time, when to buy when to sell, market, news and patience,... - you should know just one wrong decision can cause you to lose a lot of money, fact not simply as you think that's damn right, if trading is as simple as he mentioned then everyone will be rich instantly but the fact is no, sometimes you think that the price of an altcoin is already cheap but after you have made an order the price is still falling down and as a result you're losing money because of doing cut loss or just waiting for the price to be increased but the nightmare comes and the altcoin becoming a dust so does your money |
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