my advice is better keep your coin bitcoin because I see bitcoin has the potential to be very expensive because the total supply is very limited and also because it has a very high demand that makes bitcoin potentially to boom someday.
I agree with you. If the supply of Bitcoin runs out, then the price will skyrocket. And you know, that we are now together towards the end of 2018. As happened at the end of 2017 that the price of Bitcoin reached its peak. So, I believe Bitcoin is a coin that will explode by the end of 2018. Yes, this is just a prediction with confidence from me. |
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Investing in cryptocurrency is a mechanism for building wealth, but it is not only for the wealthy. This is why our community is growing. Anyone can get started investing in crypto, and various options (BTC, ALT Coins, ICO’s) make it easy to begin with small amounts of fiat and add to a build a portfolio. What differentiates investing in crypto from gambling is that it takes time! There is not a get-rich-quick scheme.
The Definition of Investing is, “The act of committing money or capital to a venture with the expectation of obtaining an additional income or profit.”
Legendary investor Warren Buffett defines investing as “… the process of laying out money now to receive more money in the future.” The goal of investing is to put your money to work in one or more types of investment vehicles like cryptocurrency, in the hopes of growing your money over time.
Remember we invest so we can “work smarter and not harder.” If you are like me, you work hard at your job. It doesn’t matter whether you work for a company or own your own business. We all work long hours which requires sacrifice and adds stress to our lives. Using some of our hard-earned money and investing for our future needs is the best way to make the most of what you earn. Pay yourself first by investing.
Investing is also about setting priorities for your money. Spending is way too easy and provides instant gratification. New clothes, exotic vacations, fancy dinners and flashy sportscars are wonderful and make life more enjoyable. However, investing requires prioritizing the needs of our financial futures over the wants of our present desires. Investing in cryptocurrency is a way to set aside money and put that money to work for you so that you can reap the rewards of your discipline in the future. This is how you receive a solid future.
There are several different ways you can invest in cryptocurrency, including putting money into coins, tokens, ICO’s, Bounty Campaigns, etc. Every investment vehicle has its positives and negatives. There are no guarantees of making money, but a little work on your part can increase your odds of being successful. Analysis, research and even just plain reading up on crypto can help.
No one investing strategy or approach fits all. Every investor has different reasons for investing, different goals, different time horizons and varying degrees of comfort with investing. It’s important to define and articulate your own parameters.
You must set goals. What do you want to achieve for the money that you will be investing? Is safety of your investment with some level of return sufficient? Are you trying to grow your money for a longer-term goal? You will even have different types of investments for different goals. Before you decide to invest any money into cryptocurrency it is imperative that you understand why you are investing and the result that you desire. Goals should never be created in a vacuum. You also need to know your risk tolerance and your time-line as part of the goal-setting process.
Risk can mean a lot of things. Investing in cryptocurrency means you have a risk of losing money. Your money invested can decrease in value, possibly to zero. ALL investing involves risk in one way or another. Stocks often can go down in value over periods of time, just like crypto. Do you remember what happened in 2008? The S&P 500 dropped by 37%. This decline in the stock market was one of the worst in history. Severe market corrections are not uncommon, especially in cryptocurrency!
How much of a drop-in value for your investments can you tolerate? Your tolerance of this risk is a function of when you need the money. This is your time horizon. Usually, the younger you are the less thought you give to fluctuations in the value of your investments. This is the volatility of an investment. You should align your investments with your time horizon.
How long are you going stay in an investment? Warren Buffett rarely sells a stock he owns and doesn’t get rattled by market fluctuations. This is generally known as a “buy-and-hold” strategy. There are extreme traders who buy and sell cryptocurrency daily. This is fine if you are a professional but is rarely a good strategy for the average investor. I am not saying that you need to hold an investment forever. Things change, and you should analyze your individual holdings on a set schedule to ensure they are still appropriate for your situation.
Some crypto-investment vehicles require sophisticated knowledge and monitoring. Others are more set it and forget it. Your individual investment decisions should be based on your comfort level and your willingness to devote time to researching your choices. An easy route is to choose a variety of cryptocurrencies. A diverse portfolio of BTC, ETH, LTC, and BCH. Crypto investors with more knowledge and experience might consider ICO’s. It is important that you understand what you do know and don’t know. You should never be talked into something that you don’t understand or are uncomfortable with.
I think, today is my luck for having read the article you created on this topic. I am totally new to the investment world, and this is very useful. Those who have a fear of investing in crypto will be little help to relieve his fear. I know to invest wherever there are risks, but if we already have a clear method and research, it will reduce the risk. |
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BTC is more profitable in 2018. If you see the price difference between the two (Bitcoin and Ethereum), then Bitcoin is higher in price. But if this is a choice, I would prefer Bitcoin. Because I still consider one of the factors to increase the price of Ethereum is Bitcoin, so if the price of Bitcoin drops then altcoin also follows it. Maybe this is my stupid thought.
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Of course, a product that is clear and truly has a future will be a special consideration for investors. In fact, I prefer a project that continues to boom their products. Because if their product is successful, then their coins will have a future and potentially rise in price. This is just an analysis of my own.
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Legendary investor Tim Draper is confident that in five years all will use crypto currency. According to Draper, the technological shift that we can observe now will be more significant than the transition from the Stone Age to the Bronze Age. Answering the question about how he sees the current situation in comparison with the period when he invested in the technologies of web 1.0 and 2.0, he replied that web technologies and transformed the concept of information, while blocking has the potential to transform almost all industries, including government services.
I see that bitcoin in future or in 5 years will be successful. Many people will rely on it because as of now it has a lot of help ro everyone. Bitcoin future will expand and more population of bitcoin users. The price of it will also increasing as a result of inteacting of other people in bitcoin. Yes, Bitcoin has a very bright future, as you predicted in the next 5 years. The availability of Bitcoin is very limited and when the users of cryptocurrency (Bitcoin) are increasing, the Bitcoin price will skyrocket. And also now I see big companies starting to adopt Bitcoin as a method of payment. So, maybe Bitcoin in the next 5 years will be the legal method of payment in each country. |
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Remember, one key to success is patience.
I really agree with you, that the key to success is patience. A very dangerous thought, if you think that crypto will make rich overnight. All must go through the research process, no one is successful instantly. I think mostly in crypto is a long-term investment. Well, if you do not have patience, then you will not get a significant advantage. |
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Everyone is holding and saying prices will go up again what can make prices go up again ? I do believe it will go up but not like last December unless something comes in and changes the market so what do you think it could be ?
Actually, they only predict the price and have not been ascertained the truth. Yes, they saw at the end of last year Bitcoin and Altcoin prices soared to the moon. This is their reference, but I myself also really hope the Price will skyrocket by the end of this year. |
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Guys, faced with the project, took part in the bounty, the result of Scam. Took part in another bounty company, there ICO ended more than a month ago, and the payment has not yet been the bounty Manager is silent...Apparently this year's bad in respect of ICO projects.
Sorry, my friend. This is very different from my thinking. I do not think that this year is so bad and lots of ICO scams In fact, I still benefit from bounty projects, although I do not invest in ICO, I see some successful ICOs with their sales. You should be smarter in research projects, to avoid ICO scams |
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I think this is the best step chosen by Samsung because it's time for big companies like them to accept cryptocurrency as a method of payment for their products. And the good news is also for the community because Bitcoin users will continue to increase.
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my strategy is just one hit and run, because I first got to know cryptocurency so buy in red and sell in green  This is a true and simple strategy. Because in my opinion, this is a short-term investment. This will make you panic if the price experiences a very slow increase. But the concept of investing is actually storing coins that are predicted to have a future for long-term investment. So the profit will look big and significant. |
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If you are interested in earning some alt coins by helping build up and manage local community for altcoin project, please pm me with your introduction and country.
Okay, this sounds interesting. But it would be nice if you are willing to explain more clearly through this thread. So I and my friends here know more clearly about what you mean. I hope you are willing to explain it. |
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What if people convince governments of their nations to make Bitcoin as a legal currency or what if we agree to give tax on our bitcoin income? Will government then make Bitcoin a legal currency.
Actually, the reason the government forbids Bitcoin as a legal currency is not that there is no income in the tax sector, but the government is really scared if the currency in their country will fall and be replaced by cryptocurrency (Bitcoin). This is what I see, so the tax sector is not the main reason for the government to ban bitcoin as a legal currency. |
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Well, I think if Bitcoin is acceptable to all countries as a legitimate payment instrument, then Bitcoin will be the world's number 1 currency. But I strongly believe that Bitcoin users will continue to increase as the profits from here are greater.
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For long-term investments, now the price of Bitcoin is declining, so it is appropriate that many people buy Bitcoin in large quantities. But the reason I buy Bitcoin is for the investment method, we know that bitcoin is limited, so maybe 5 years ahead the price of Bitcoin will increase.
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I am quite calm by facing this situation. Although this is a very sharp price decline. But I can not possibly sell in a situation like this, just get a big loss if I sell it right now. So basically, I want you to hold Bitcoin in the present situation.
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Do you think Bitcoin will become the first world currency for buy and sell ? Actually, this is what I think. As we know, that now Bitcoin users are the world community of some countries. They use Bitcoin as payment, investment, and trade. So, I'm sure Bitcoin will be the world's currency. |
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Bitcoin chart is going up and down some times I am thinking maybe I should invest part of my BTC (at least the part of the profit I’ve made on crypto) into something real?! Let’s say I can buy share of real estate company and get the part of profit (50-100% per Year). Should I Spend all my BTC on that shares? Spend small (profit) part? Or just do nothing and wait?  ?! I’ll do appreciate for answers with any suggestions and recommendations! I see you are not thinking about the risks that will happen. Investing in Bitcoin or buying shares of real estate companies is also good. Only, I want you to think about the risks that will occur on these two investment paths. And then you should also consider the potential that will actually come up. |
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