There is a bit of luck in trading, but as you have already said you do not depend 100% of your luck. In trading even if you give bad luck you can manage your losses. In gambling you simply lose.
That's right, whereas in gambling you will 100% lost when you just have the "bad luck" but in trading even if the altcoins you were invested having price dumping you can still hold your coins and waiting for the price increase again,luckily if the coin went far above the highest price, you will turn your lose into a profit, simple as that |
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A long shot to make that happen. We might be seeing robots on the street first before that could happen. It is hard having just an online money now. There is too much people who cant have the same technology as we do have or they just dont want it. Changing this first is the hard task before we could all rely on money that will just be swiped.
It's right that it's kinda impossible to be implemented into some countries which is still developing and not having that advanced technology amongst its citizen but for the 1st world countries it's definitely possible, as you can see that majority of people in the 1st world country already have smartphone, and portable computer, it's not impossible. if people aren't interested because of the limitation of their knowledge about technology,an education will be simply held |
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possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?
give your opinion?
bitcoin price is affected by supply and demand (fluktuatif). virtual currency such as Bitcoin could pose a risk to financial stability in the UK if adopted on a wide scaleOnly if it's adopted as payment method by using service kind of bitpay or coinbase to make payment it's fine, but storing the government's wealth onto this form, it's a big NO, it could threaten through its fluctuative and volatility indeed, in some way we want to implement bitcoin but just in category which we consider will give us benefits and no for the rest |
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Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?
It's too early to say that. The price of bitcoin is really unstable, if 1 whale sell all their bitcoins, it will affect the bitcoins price like 2-3 days ago. I still prefer choose gold, because the price of gold is stable and even the price going down, it's only the small one not like bitcoin that can easily down. But what if government suddenly banning the distribution of the gold? it will become worthless for sure, if you're worrying something that's actually not exist, it's pointless, both gold and bitcoin have some factors that could cause both price to falling, it's just don't make sense worrying things like that |
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Is this the right time to buy bitcoin? As of this moment, bitcoin is at $769, almost where it began to rise and went pass $1100.
So is the current value where it will stay on average? I mean it can go down or up but on average do you think it will remain close to this value? If yes, then I'd assume its the best time to purchase some bitcoin.
Your thoughts?
I agree with you. The bottom line is 770$ -800$ and it seems it could not down anymore. The price is rising up stably and now it has hit over 910$ at the present then it can continue to reach 1,000$ in next 24 hours . it's good sign to hold more bitcoins in this period. As quoted we've crossed the low bottom price of bitcoin. Now it has started to increase gradually and keeps counting. So buying now too is highly profitable as it gives an assured benefit as the price movement is continuing. Definitely, bitcoin is now finding its stable point and it seem that the stable point is above the current rate, and it's good, as for now the price is increasing ,it's indeed slow but for sure will be rising, few days ago it's still around $800 and now as you can see $925,probably the $1000 is near and can even surpasses |
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If one day I will not sell my bitcoins, why I am investing my money in bitcoin now? I mean it is pointless to have something if you will not use it one day in the future. For example, I have 1 bitcoin now but I don't use it. What is the meaning of to have it? Just wasting time, energy and also money.
That's right, something even if it's precious but you can't control or never ever want to control ( sell it, or something ) will be as the same as useless and it's pointless to have these sort of things, never sell bitcoin or use it is definitely stupid action as the primary function of bitcoin is as a currency and normally being spent |
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Not put your all eggs just in one basket. I think you have to separate your money. With the half of it, you should invest while trading with the other half of it. And also separate your money while trading and investing. Maturity date is also so important.
452/5000 I think not a problem to put all eggs in one basket if you have the skills in it, if you are not good at trading, of course do not push yourself to divide your money into trade, do what you can dude Being good trader is a proccess, if we do not do anything, we will not gain anything. I think being brave and smart is good. I suggest to invest in trading because the profit is unlimited. Yeah the profit is unlimited but the chance of losing also there, there's no good trader, all of those traders have a purpose and it's gaining profit as much as they can,though being brave have nothing to do with whether you're success or not, only being smart will bring you a success, if someone is brave enough but always losing, what the use? |
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Just like real life, you need investment ! Because investment is hope for your future !
If you're still run of fund, you need to work for it and try to invest at least 10% from your main salary
*Find simple work for first attempt, for example : cashier , waiter , barista, etc
investment is also important when you do not have much income, investments can provide additional revenue, but I think when your money is limited, it is better to save and focus on your main job LOL, How could people invest when their income are not that much? even for living they're in struggle? , there's no words invest if you don't have income which could fully cover your needs and expense better for you find a decent job first rather than investing and risking of can't fulfill your expense and needs in a month, really a bad way to manage the money i do say. |
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Hopefully we'd establish a $1000 baseline by month's end.
Although the thing that bothers me is that the more the BTCBTCBTC's price rises, the more regulators will look into it. 2017 might be the year we see a full scale taxation of BTCBTCBTC.
the taxation have nothing to do with the current price, $1000, $2000, or whatever if the government have seen bitcoin as an option for those riches to save their wealth and they're starting to use it .then the regulation may be released, it's the matter about how much the government will make bitcoin as source of income from the taxes and whether it's worth it or not. , |
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From the information I have, there are few countries that consider Bitcoin an illegal currency. Moreover, it would not make much difference if a larger number of countries came to declare the currency as illegal, because Bitcoin was designed to function outside the realm of governments, banks or any other centralized institutions.
It is truth. There are few contries dislike Bitcoin and because of that, the governemt decide to forbid Bitcoin. Anyone who has Bitcoin is considered as criminal. Therefore, there are any people using Bitcoin in that country. In my opinion, banning Bitcoin only causes negative effects. If you know how to compromise Bitcoin and the nation economy, that country will be much better i do not think that any body has yet banned bitcoin, i think they are thinking about how to legalize it because the users of bitcoi are increasing everywhere and they are putting pressure on the governments to accept bitcoin as legal currency. even if the bitcoin users are increasing, but i'm sure that it's not even surpasses 5% of population in each country using bitcoin, therefore no pressure for government, and proven so far none i've seen in the media talking about a group of people forcing the government to accept or implement bitcoin in the system,it's kind of BS |
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Do you think, a single person can impact on bitcoin price? Obsolutely no. May the person might advertise about bitcoin and few people start using bitcoin because of this. But this might note impact much!
to me i think beside a single person i do not think that a group of people are even a single nation cannot effect the price of bitcoin and to me the reason is that bitcoin is a decentralize currency and is value changes from time to time. then explain to me how so many media talking about BTCC manipulating the volume of bitcoin in china and could affect the price drastically? , bitcoin is pure about demand and supply, when someone with big money are making its activity at the same time and massly, bitcoin will be influenced |
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I do not disapointed in trading. For being trader is a process. I am not sure the people who first tried immediately successfull because I think he will not be able to resolve impending problems.
First time trading and winning is rare. People get experience by losing early in trading and that is true for every other persons. the first mistake will all trader make in start is they always get in when coin already pumped thinking it will pump more but then they get dumped on and they lose. In the start I also faced the same situation. was on yobit exchange and I often invest in those coins whose pump were start at fast speed and when I invest in that it did not increased up to my thinking/estimations and after that I learned that we do not have to follow pumps but have to follow legit coins. yes most of the time it happen, and that is the reason that i always advise to invest a very very small amount in trading if you are new. and when you get some experience in trading then you should tray to invest your money for making some good meaning. There's no point of investing if you're new and don't know what to do in trading, there's exist some lecture about trading and even a platform which you can use freely to train yourself at trading, of course the balance is virtual but the market might be taken from the real condition, only invest if it's necessary |
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BTC isn't a farm or a plant, and currently there are no bank investments in the bitcoin world, some claimed to operate a similar model and all turned to be scams, I guess the most genuine but I can't say safe method would be trading btc for usd and other cryptocurrencies.
Those people who do not know about trade it is really not safe to start trade and it is sure that they will lose their money in trading there but those people who know well about trade it is a best way of growing bitcoins. But trade in altcoin is something more risky. yes that is right but i think if a person has no experience and skill in trading still he can also make bitcoin, if a person is a good designer or having good management skill like yahoo and lutpin etc then he can also earn good number of bitcoin. and if a person is at least a good poster he can also earn bitcoin from a signature campaign. But if you just rely on signature campaigns you won't earn that much as you want. And becoming a signature campaign manager requires some trusts in this forum. If you really want to grow your btc know first where are you good at in the internet. If you have some programming skills you can also use it to earn bitcoin. Just surf the internet and you can find many ways to earn bitcoin based on your skills. as he said "if a person atleast a good poster" means the person have no skills which can give him such advantageous position on offering things and posting is the only thing he can do it's right that signature campaign won't make your wallet full therefore if someone want to earn so much money whilst still unskilled, better go learn first, it's also making him having more quality |
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It will still be continue to be popular,well lets just hope that it will much above than a stable price.It is popular already even those times that its price goes down,it really depends on how the users hold on to bitcoin.It experiences already so many times that the price is not stable still it continue to be popular for those who are really interested of knowing it.
Bitcoin has gain popularity and its users are increasing everyday. The price of bitcoin today is at more or less 900$ each and it is still going up. If bitcoin is popular today how much more if the price is already stable. Bitcoins price will be stable if the price reach 100 million dollars each and 1 satoshi will be equivalent to 1 dollar. This is just my opinion but I see it to be highly possible. You are a very very optimistic person who is really in love with Bitcoin. I do think like you. HOwever, the process will be at least 1000 years since FIAT has been using for more than 30 centuries. There is no way to knock down the FIAT system right away. All we have to do is to way and hope that Bitcoin will rule the world with its impressive prices there's a way, don't you think that when the technologies are developed furthermore and surpasses the current with many benefits coming up the government and similar organisation will be turning out to use those in order to get the benefits ? fiat will eventually perished due to inefficiency of its and always fluctuating by the time |
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If bitcoin really become a legal currency, of course we will always see the price in new all time highs. There will also be large fluctuations since many user will use it and if they dump even if 1% of users dump at that time, bitcoin's price will go down and go up when many are massive buying it. Although the probability of this happening because government won't just let it become legal, there's still the chance.
If that would happen, then bitcoin's rate will become more consistent than we have now. There would be no huge votality, which is caused by huge investors like China. Yet, it is impossible. Because bitcoin's influence in dark market is huge. Government can't control it and that is an issue. Luckily, in my country it isn't looked as an illegal currency. What we see in bitcoin is a lot of oppurtunities. What ever happens to bitcoin, let us just support it. the consistency of the rate of bitcoin really have nothing to do with the acceptance of bitcoin as a legal currency and still vulnerable by huge investors, by the way china is ain't investors but country, but people who's chinese and live there might be an investors, bitcoin's price exist because of pure demand therefore even if it's legalized the price still volatile |
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No doubt, it is risky but binary in second trade is better to do trading. Because as you talking about risky and dangerous than in binary in second trade has less risk and when you have less risk than its mean you have a chance to make profit more. But all trading depend on luck and experience, So you should know about skills.
from my opinion that binary is the same as gambling, you're predicting when the price is going to increase and you will be rewarded,otherwise you lost your money, while in trading even if the price of an altcoin you wast invested is decreasing, you can just keep it and waiting until its price is rising again |
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I never disappoint with trading but I am disappointed with the way I handled it way back when I started and did not success the first time I tried and was hard to take another risk. I thought it was just easy, but then you still have to devote time , effort and patience also for you to gain.
Underestimating things will bring a disaster. trading is about how to control your emotion over the always changing circumstance which may affect your mental, i'm also at the first time of trading only thinking that trading is just sort of buying and selling just like when you're reselling thing but it's definitely wrong, there's more complicated thing when you get into trading world |
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Do you always missed the right time to sell or buy bitcoin?
Yes, I usualy missed that time. I can not always watching my pc for everytime. Even I put an order, my preddiction can not always right. So I am just to learn another strategy for trading. It is usual to missed some important price inflation because no one are spending their ahole day watching on their PC for the price bitcoin. IMO there are some trading site that offers sell or buy order feature in split price. Maybe try use that so that you will have a wide prediction range. I saw this feature on ccex i don't know if others have it. The feature you mentioned above is pretty useful to prevent from missing an opportunity of making profit but you still can't prevent from missing the chance fully, if you are using that feature and the price didn't reach or just so close your order will still there, wathing manually is always better in my opinion |
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Hey
How do you calculate taxes on alt-coins bought and sold with Bitcoin? For example if i bought 10 bitcoins worth of Monero, and monero rose 10% and i decides to sell for that extra bitcoin, how does that become taxed? Furthermore if/when i decide to sell the 11 bitcoin i now have for fiat, how might that be taxed? Thank you in advance.
you need to consult a professional my friend, any suggestion here may be worse than doing nothing for you. but as far as i can tell you, i believe you report taxes on the profit you make from trading and if you calculate it after some time not each trade. so for example you make 20% and lose 10% and make 5% then you report total of 15% profit and pay taxes on that. but also at the same time i think in countries like US they consider bitcoin a commodity so maybe having bitcoin may be subjected to taxes. again as i said consult a professional lawyer or something. This is the best suggestion here in my opinion, even if altcoin is not taxed, you still need to declare your profit to the government. Especially if your government is very strict when it comes to tax implementation. This would depend on a certain individual if he would declare or not regarding on its income but i dont think this would be implemented on alts.For bitcoin it would possible but for alts i dont think soo.Theres no tax on this but only fees anytime you convert your alts to bitcoins. If the taxation can be implemented into bitcoin and gaining its success, then why it's can't be implemented to another altcoins which have the same system? i think that it's depend on the government on how they put their effort into the taxation of cryptocurrencies and finally could cover the whole cryptocurrencies into taxation which many people and i honestly don't like. |
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Of course can't fiat money replace bitcoin, because we still use fiat money at the end look how much banks they are in the world they won't just change to go to bitcoin. Bitcoin is just good when you trading or other stuff. Also we need fiat for bitcoin price.
lol you right we need fiat for bitcoin price. In my opinion, it is an utopic idea to think bitcoin can replace fiat in the near future. But the awareness about bitcoin and other cryptocurrencies and also the volume of bitcoin which can be using increase day by day. This is also so important. Just if fiats weren't existed and people still using gold as a trade tools, don't you think that when bitcoin is invented and becoming popular like now people will determine the value of bitcoin based on gold? it's not because we need fiat for bitcoin price but we're all as bitcoin users adapting with circumstance and choose the most simple way |
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