Well, have a trading system that is completely different from gambling. you can control what you seek income from trading. basically trading is simply buying and selling. it is just like buying gold, and wait for the price to be rising. whereas gambling is a game that risked valuable objects.
Yeah ,a simple explanation and yet its so easy to understand the basic difference of two for those who doesn't know . I'll only add the thing about trading as not as easy as buying and selling we need to learn a lot and experience some losses for us to earn ,unlike gambling that luck is only needed no particular stratedgy ofcourse if you will play a gambling game you know even a little how to play that game .So both will take apart but the big difference is how it works and how you will analyze which you will do . I agree with you. Gambling is working and basing only on the luck and script of the game or system while trading is more challenging because even you are a loser at the first time of your try, you can still improve yourself by reading a lot of things that can help you to become a better trader while in gambling if you lose in the first try then there is no chance for you to become a better gambler because there is no tips or articles that can help you. There is nothing like great gambler in gambling as every time you will depend only on luck for winning and there is no room for improvement and you will never have control on your outcomes but in trading you will have control on your funds and your actions will decide your results. to me i think in trading we need to use our skill and experience and therefore trading is not like gambling. because in gambling we do not need for any skill or experience in trading. |
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i want to learn how to trade, but i am still a rockie, i havent dedicated too much time to it, and in my opinion thats something that require time and knowledge of the market, at least of what are you try to trade
I agree everything is need a process. Everyone will reach the level that each person have their own indicators of profit signal. My strategy is by knowing the average price of the coin. Even skilled trader can not always get profit, so keep learn to minimize the risk. to me my trading strategy is very simple i mostly start trading with investing very little amount in trading. as i am still learning so i do not want to invest a big about in trading alt coin. |
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It's hard to say and estimate on how much I'm making and losing in trading. It's like the current price of bitcoin, sometimes it is high and sometimes it is low just like it's fluctuation. There are times that I'm having a good day and earning as high as 0.01 BTC for a day and sometimes I've got nothing to earn.
That's right and if our trade goes wrong then it will result in negative income so its hard to know what will be the exact amount of profit or loss we will make in trading as it can never be same and will keep on moving higher or lower and results will depend on what capital you have put in. to me i never estimate about that, that how much i earn or lose from trading bitcoin but still i can say that overall i am in profit. my winning percentage in trading is more than my losing percentage. |
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I think i don't miss the right time to buy bitcoins because only i know is it is my own decisions in life so i accept that .If i only missed is the time when i don't know bitcoins yet and i messed the time of selling bitcoins when price is at ATH i know it will go down a big also just like what happens this days ,but i can't monitored the fluctuations of price so i've always missed the time to sell or conbert my bitcoins into fiat.
i am sure that you are good maker decision to buy/sell bitcoin if you said like that. but for the others, i think they have missed the right time to sell/buy bitcoin but they don't missed in everytime. like what i am do so far, i think i can count when i am in the right time to sell/buy bitcoin because my offline life is too busy to just check what is going on in the market. but if i missed the right time, i think i am fine with that and i think i can do sell/buy in other times. Yes you're right i am good decision maker i use to handle and use my mind in every situtions . Its good you have a time for you to manage a simple play trade of bitcoins and its normal sometimes we use to missed the time and loss some profit but we can make some profit again in time .Thats how a life of a trader is how much more if are a full time trader gou can make money not only in bitcoins but in other altcoins also . to me i may also missed the right time to buy or sell bitcoin. for example in previous time when the price for bitcoin stat falling down from 1250 i decided to sell but then i hold my bitcoin and i do not want to create panic selling. |
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I usually cashout my bitcoins by selling them on Kraken and receive EUR through sepa transfer and I have them the next working day with only 9 cents fee. Occasionally I also use a Spectrocoin debit card loaded with bitcoins or DASH.
i very begging it was very difficult for me to cash out my money, as it will take more that 10 days but now the situation is totally changed and now i can cash out my money within 4 hours as now i am using Urudit.net. |
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No one knows when again increasing bitcoin. So the thing is to be alert and should study the motion of bitcoin. We just have to remember the lowering and raising it to know when we buy and sell bitcoin. Should the time of lowering the bitcoin has prepared you for money to buy.
yes that is very difficult to know about the exact time of increasing and decreasing price of bitcoin.but still there are some people who are earning good analysis and prediction about bitcoin price. |
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What is the actual btc price? Is there a standard site that uses the btc price? I read some ppl use the google rate. Others use coinbase... kraken, bitstamp etc. I notice the price for bitstamp for bitcoin seems to be the lowest.
If thats the case, couldn't someone buy on an exchange or site for higher price then sell it on exchange for lower price? I believe this is arbitrage. But i assume this isn't possible due to bitcoin price moving so fast by the minute? Or are the fees a bit too much for this? Example if you could sell bitcoin for $600 on a site... but another site offers $605, obviously you sell on the 2nd site assuming the selling fees are the same etc.
Each exchange had their owned bitcoin price value, this will depend on the huge volume they had. Meaning, you wouldn't see any exchange that has the same exact price,.there are some higher and some are lower something like that. but still we can expect a very little difference in difference exchanges, otherwise most of the their price remain the same. |
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In altcoin trading,is day trading profitable or trading on a long term basis?
It looks like some of the major altcoins could be good long term investments like ETH,DASH, etc. I don't trust the many minor altcoins out there. Some seem to drop and just fade away to nothing. You don't want to get stuck holding the bag on those for long term. i think there are still so many other alt coins which can give you good and long term investment. i think you need to have good opportunities of making money from trading altcoins also. |
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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 investors should be broad minded when it comes to business in terms of investment. Had a big vision on it, and the flexibility must always apply, decision maker, know how to control emotion, and be understanding, I agree, the investor should be able to make decisions. And he should not be greedy. He must have a cold mind. And very important in investing luck Yeah, luck is one of the factor on why investors got their money big, and also a strategic way on investing like reading articles, watching some documentaries by big investors, emotion must be least to them. i have fully believe on luck. i think luck is one of the most important factor of our life and most of the time we are depending on our luck. so we cannot ignore the factor of luck in our life. |
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Its always depends how many BTC I will cash out. But to be honest I want it around $1 below only,if it's more than that it's too much for me and I do not have any reason to pay fee more than $1.
i think there must be a reasonable price of transaction fee that people can easily bare to pay and the do not find it hard while doing small transactions. |
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Do you have a special exchange rate in your head where you would totally dump all your coins because you think Bitcoin is dead? What is your magic number?
I just cant ever see bitcoin being dead, it will never be worth $0. lets face it the Tech is amazing it can help us do so much, but the politics is what is the problem. There will always be some using it and i will be one of them. but in answer to your question i would prob dump all my btc at $400 and buy back in later, but i think the dream of bitcoin in the thousands would be over. i do not think that we can consider bitcoin as dead in any exchange, i think bitcoin is one of the most active currency of the world and hope that in future it will also remain the same. |
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try to join the signature campaign and ico bounty coupled with the main trading, if you are lucky then you will get more than its 0:01 BTC per week
good luck
0.1/week through signature campaign? It's same like you are hiring spammer into Bitcointalk.org and flooded this forum with bunch of shitposts, he isn't asking for 0.01 but 0.1 BTC so you should check them first. 0.1/ week is not at all possible. I have never come across such a campaign paying 0.1/week. If the expectation is to earn 0.1/week then it's possible through most of the active campaign based upon the ranking one posses. Other than this you need to be lucky to earn through gambling or have capital investment to do trading. 2 or 3 years ago campaign paid for more than 0.1 btc/week for every 100 post you make and it's same like flooding this forum with spammer. But like you said invest in ICO and trade altcoin are the best way to earn 0.1btc/week It was possible to earn that amount from signature campaign in the past when the price of bitcoin was lower but now the price has increased to more then double so now no campaign can afford to pay that high rates even to a high rank holders and if price will go even higher in future then we will see much reduced rates in signature campaign. to me i think the only way through which you can earn such amount of bitcoin is the trading alt coin, from where you can earn a lot of bitocin in a very very short period of time. |
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There has not been a country that officially approved the use of bitcoin, the main factor because they are still using fiat money for all transactions. Bitcoin will never replace a fiat money because bitcoin is decentralized and could not be in control.
Well there are already countries that recognizes and is in approval of btc. I've read that the philippine central bank already does this. Though i agree with you on the part that btc won't ever replace fiat. Possible even that without fiat bitcoin wouldn't survive. That is at thia point but i don't think there would be a scenario where in it would have to be a choice between the two. We can work better with both anyways i do not think that there is any single country where the government has consider bitcoin as legal currency. i think still some countries are thinking about it but still they do not consider bitcoin as legal currency. but in future we can expect that the government will start thinking about bitcoin to consider it as legal currency of the world. |
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An example of a good store of value would be interesting.
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Reading the MaidSafe forum, someone asked how its network would cope if a government or other entity effectively and quietly cut off communications between countries or continents and so created two or more unlinked networks.
So applying the question to Bitcoin, when eventually reconnected, how would these networks join back together and reconcile transactions with one another?
quietly? like nobody would notice? Didn't broadcast or forewarn of their intention to do it. A mass uprising by the people. The difficulty to get a block would likely be too high for the cut off country and it would likely take weeks for them to process a single block. Would the Bitcoin network still function normaly within that country? Assuming that it did and was without connection to the larger network long enough for some transactions to occur and be confirmed before joining back, then is that a scenario allowed for in the protocol? |
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Reading the MaidSafe forum, someone asked how its network would cope if a government or other entity effectively and quietly cut off communications between countries or continents and so created two or more unlinked networks.
So applying the question to Bitcoin, when eventually reconnected, how would these networks join back together and reconcile transactions with one another?
quietly? like nobody would notice? Didn't broadcast or forewarn of their intention to do it. |
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Reading the MaidSafe forum, someone asked how its network would cope if a government or other entity effectively and quietly cut off communications between countries or continents and so created two or more unlinked networks.
So applying the question to Bitcoin, when eventually reconnected, how would these networks join back together and reconcile transactions with one another?
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Isn't this just plain and simple fraud?
Both parties agreed to swap goods/services for bitcoin, except you didn't send the goods and accepted the bitcoin.
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Would that be current debt that's built upon a fraud by any chance?  Yes it is. You still can't erase it without hurting innocent people. More importantly, you can't pay it without hurting many more innocent people for generations into the future. |
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