I started my cryptocurrency journey around July 2017. I bought some altcoins; verge; dodge, Xrp Siacoin on Bittrex and left some on bitcoin. It was a roller coaster for me around November to December 2017, particularly with verge, my crypo investment of just about $120 grew to a little bit over $3,000. I never new on time until I opened my bittrex. It was wao!
I took out some money since I was in need about $1000. With the euphoria of bitcoin suppasing $20,000, so I watched until my investment shrinked from about $2000 to $1500, then $1000, I decided to take out some little more until I had about $800 left.
That amount have shrinked further to about $450. The worst came when I took a third of the amount to buy Mithril coin when the news came that it won a vote to be listed on binance, and suddenly it was disqualified, and the price have falling like packs of cards, more than 50% right now.
Its a question of if I had known, I would have withdrawn the $3000 the moment I saw it on my bittrex account. Who can tell the future?
But I am wiser now.
Does anyone have similar experience
Oh i confidently think that many of us had the same experience, not only with bitcoin, but with cryptocurrency altogether! Too often than not, people make the cautious mistake of waiting on for something big to happen instead of taking advantage of the current market. Yes, none can tell the future, but one can tell when a trade or an exchange is worth every bitcoin on our wallet. That is an experienced that can teach lot of lessons in trading and investing to make it successful. Thank you for sharing this where everyone can feel regrets and doubt on the time that had passed and for every opportunity that lost because of being cautious. We do not know what happen in the future. Learn what will happen today. |
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I think not long from now, not just churches alone, but mosques, and even charitable organisations would be accepting donations in bitcoin. If I were to own a church or a charitable organisation right now, I would accept donations in bitcoin.
Donations with bitcoin is not bad because it can increase its volume but for the situation now, it is much better to give them a cash because that has fix value and do not need them to wait longer to have high value. It is depend to whom gonna donate but all kind of currency are acceptable because even goods can be a good donation that can help to them. |
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Yes, you are right for now, it seems like in every big country that has a very good economy, it seems that it already has a digital currency or is often called a cryptocurrency with cryptocurrency, it can show the development of that country.
The economy of the country that accepts digital currency improving and having a good rate but other are not. Here in my country, though having own crypto currency, do not make any change on the economy and getting worst than before. I am still hoping that it is just part of a change and start something new to have a peaceful country. I hope that crypto being created here grows and recognizes by everyone. |
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at the time the price goes down i will buy altcoin and at my high price i will sell it
That is good strategy. You do not have to panic when the price is very unstable instead take it as an opportunity to buy and sell depends on the situation. Make sure that you invest is what you afford and make other earnings for you not to make hard decision when price changes and add more volume of the coin you have when it falls further. |
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What is our assurance that Bitcoin will stay for long or forever? There is a prophesy I have heard that Bitcoin will fall.
Can you share some strong reasons of why Bitcoin will last?
Today, people seeks for improvement. People loves instant, at the same time new and more efficient. That is one of the characteristic of bitcoin that makes it, or with it making our life easier. With this kind of belief, soon enough people.will.love using bitcoin because they find the qualities they wanted in bitcoin. Nothing is permanent in this world. We cannot predict for how long that bitcoin stay on where it is. People are finding and creating new that more powerful and no one can stop that. We have a brilliant mind that can change everything but it takes long before bitcoin gonna replace. Even it has good qualities and functions, people who made it can create something new that more improve than that. |
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My recommendation for you is not to buy so many cryptocurrencies. Find the more promising one and work with it in the other situation the risk of losses is higher.
That is right. Just find coin that had potential yo grow and give you good profit for sure. There are many coins that good to choose where you can place your investment rather than to find good ICO project to join with that you need to search about it to know that it can become successful. That way, it makes less risk for you. |
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Without internet, bitcoin could not be used. So it’s a part of the internet. Comparing these two things is not right I guess.
Bitcoin needs internet. It only exists when internet exists so internet is only the way for it to shutdown and lost value. Bitcoin is dependent on internet that is why slow connection of internet won't make you work effectively when you do is trading. Without internet, bitcoin cannot live this far and no one can access on it. |
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Everyone has their own investment choices. But most of the investors in this market are always greedy. The only newbie feels scared when prices start dropping. But I believe that once they know about the crypto market, they will certainly become greedy just like us
Being greedy in this market and without any knowledge about how this market works is precisely the reason why many newbies lose their money to scammers, it is easy to think you are going to make a fortune in this market but to actually do it is a lot more difficult, most of the people that became successful in this market did it by working very hard and holding their coins for years, they were realistic about what they could get and now are enjoying their good results while newbies want to get rich in a matter of weeks and that is not going to happen. Indeed. Newbies think that it is an instant way to get rich not knowing that those people who claim rich today worked for the long time and hold the coins until it gain good profit. They work hard and knowledgeable who to used their money in useful way that they can earn from. Scammer comes near to those who have enough knowledge and easily put their money away because of promising good amount in return but never going to happen. |
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Bitcoin investment is good if you know the strategy, like buying bitcoin when the price drops and holds as long as possible until the price rises. if smart, investing in bitcoin is very profitable, but the risk is very large. in my opinion if you want to invest, don't just invest in bitcoin, but in other altcoins to reduce losses.
Do not put your investment on one resources. Invest not only in crypto but also a real assets because there is more stable price and you can make increase when you want to sell it unlike bitcoin or any altcoin that the price depende on the market. Though it is very risky, you can be profitable from it when it gain a good price. Make sure to invest in coin that has potential of growing. |
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Altcoin value depends on the project itself, but of you can see that the project is growing, you can definitely notice that the altcoin grows as well. If you got an altcoin from a long term project, hold your altcoin, and see that those are really growing, from no value to a higher value, to the moon.
Choose wisely of what coin you would like to hold and put your investment with. See how strong the project yo become successful and how the coins will continue. Better to know if it really gonna worth of holding or else invest on the most trusted coin that can really grows in the market. On the coin that runs for the long time and see the potential for gain profit again and again. |
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In Trading, there are two categories of people, those who want to increase their bitcoin volume, and those who want to increase their dollar volume. Which one do you prefer?Why?
As a day trader, my goal is to increase my dollar volume more than my bitcoin volume because after all bitcoin is just an asset and most likely cannot be used to exchanged for commodities unlike dollar that can be reinvested in other field like real estate and stocks. But in the end, what matter most is to increase our value of asset whether it is bitcoin or dollar. Bitcoin is more volatile than dollars but if I am going to choose only on, it rather increase on dollars because dollars increase its value in different local currency also. It can buy any other assets that need lesser volume than other coins. It can be useful to invest on any kind of asset even as real assets. And can easily used as payment on every stores. |
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I cant force them to believe than you can earn in bitcoin, they have their own understanding and they dont trust bitcoin because it is in crypto currency or digital money and they dont know how it works so they will thinks its illegal
They do not stop until prove something but we who believe are lucky to follow crypto. You cannot change the views of someone when they have their own understanding about it. Crypto currency is hard to believe but it depends on how you are going to used it because of the anonymity of transactions. Bitcoin is not illegal when you used it right and not against the law |
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I own a coin called Peculium which uses an AI bot to predict market prices and gives buy and sell indicators. AI is useful because it can scan the internet, learn patterns and do the work while you make the profit. That's the one way I know about AI on the blockchain.
AI can help to work for you, and maybe can used as an indicators in every trading you do. Advancement of AI has many advantages to people. People can do nothing and replace by this creation. People can depend on it and you can see this everywhere. Those who have money can buy it and those who have intelligent to develop it are highly benefitted. |
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All altcoin is dependent on bitcoin and bitcoin is the head of all altcoin. If in the market trading ratios bitcoin’ price is increasing then altcoin will also increase and vice versa. So no matter how good altcoin is, still the price will remain below the bitcoin’s price.
I believe that there is no other coin that will level up bitcoin. Price of altcoin is still below of bitcoin even the price pumps or dumps. Bitcoin and altcoin have their own functionality along the market. I can say that now matter how huge bitcoin going to decrease, the price still higher on other crypto that makes it superior among them no matter what happened on its price. |
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To get married you need to make a good and usfull post that every body seeing it will benefit form it. With this when some some that has merit benefited from your post he will surely give you merit
Sometimes, even good quality post not earned merit because we are not famous in here no knows no one. We do not even no what is the criteria of good quality post to get merited. Surely, it will take a long time to earn that. Their is a campaign that offers merit instead of bitcoin as payment. Find some like that. Maybe their your post gonna be counted as good post that capable of merit. |
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I completely agree with you, but after the sudden rise of Bitcoin's price in the market, has been known as one of profitable high risk, high reward investment in the internet and that people started calling it as an asset. Since then, all this medias has had a bad image for Bitcoin calling it a bubble and a scam which in fact it is not a business or an asset to invest to begin with. I think people will continue to see this as an investment because investors are giving them hope and an image.
How people stop calling bitcoin as an asset when they gain profit from it as they keep on their wallet and the price increasing. Even it is being created to be used for payment system improvement in online, people believe that with the small volume it can produce huge earning. Asset can be lose or grow depends on how you handle it, but some asset do not lose value, it can be stable but never goes down, and increase for the time being unlike bitcoin that is very volatile. |
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Often I'm asked to explain BTC to someone and occasionally I come up with something stellar that really nails it, but most times it's a rambling incoherent mess.
What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
Bitcoin is a representation of blockchain technology and Bitcoin was created for the purpose of paying for internet services. In addition to using for billing purposes, Bitcoin is currently being used as an asset, and everyone wants to buy Bitcoin and hold in their wallet. The good way to explain bitcoin is that how it circulate along the market, that the earnings cannot get stable but it can increase its value when keep it on wallet. There are many function of bitcoin that can give people for secure and fast transaction. Give information about how they are going to earn more than enough that can get from the real job where they can able to buy another coin and pay bills everywhere. |
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Yes, I believe in bitcoin that by making investment you will be able to gain good and promising profit. However, selling your property and invest it all in btc is like gambling and I not favorable with it. It's better to have an investment that you can afford to lose since as we all know btc is very unpredictable and we don't know what will happen next.
You can have future in earn bitcoin. Though bitcoin is created for payment method, everyone take it as an asset that can have high value in the future and your little volume can give god profit and good when you take investment on it but make sure that you put what you afford to lose. Find way for you to have bitcoin without need an amount as it is free to earn with all your effort and hardwork. |
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Be careful when you invest in ICOs, make deep research. But first of all check their web and whitpaper/roadmap, team of developers and etc. Try to ask few questions in their telegram group
Investing in ICOs are very risky. I is right to ask those who participates for their opinions about the projects. You should also consider who handles the project because experts manager knows the better. They can choose project that has potential for success development. Deeply search and get more information about the project and know their goal why developing it because if that has better goal, many can convince and invest on it also. |
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Well, if we say we I am going to earn a decent profit, then I will cash out then invest again. And then go on a cycle.
Well, I am not cashing out it after exchange into fiat but rather keep it on wallet and wait to price to change. Bitcoin nowadays become very volatile and change big in the market. When the price down I tend to buy bitcoin again and get much higher volume which give me profit, doing that will not keep me to bored while waiting for the change but I am enjoying that and never cut my lose because I know when to and not go into market. |
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