1) Do you have your investments diversified in general and don’t only hold bitcoin? I mean if you also have stocks, funds, bonds, metals, participations in businesses etc.
Yes, I have other investment and that is with transportation and real estate. I have 50% of my total investment bitcoin and the rest into those two things that I mentioned. 2) Do you hold only bitcoin or do you also hold other cryptos?
I hold some bitcoin and also with some other alt coins and still waiting for the right time to sell those alt coins. But for me, I can see that it's more profitable to hold bitcoin for long term.
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should it be invested in bitcoin and hold?
Yes invest to bitcoin and hold, some will say that don't fully invest that $100k to bitcoin but for me that's the best investment that you can earn quickly. The movement of bitcoin's price is very fast so you can also earn fast with that big investment. should it be invested in alt coins?
Some will also say that you have to diversify your capital to different alt coins and not only to bitcoin and if you think that you are comfortable to do that, do it.
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When do you feel the Bitcoin bubble will burst and what will happen after?
I don't feel that there's a bubble that will burst soon and I don't even thinking that we are on a bubble. Why you keep on thinking the same with other analysts that bitcoin is on a bubble? what will happen after?
Let's say that "bubble" popped, obviously the price will go down. Many dip buyers will come in and do panic buying that will lead bitcoin's price to increase again. The rise, decline, rise further pattern- when will it go down and never come up?
No one knows on when exactly is going to decline.
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So guys, what do you think about McAfee prediction - will Bitcoin jump to $500 000 till August 2020?
I want this to happen but predictions are always be predictions. It may happen and it may not happen, if McAfee said that maybe there are some surprises that he'll do just to make this happen. And this is a very tuning in prediction because he's condition is very crazy - check out this reply from https://twitter.com/officialmcafee/status/887024683379544065?lang=enI hope it happens and I'll definitely going to sell maybe some of my bitcoin by that time and will live happily ever after.
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I think you should have explained what is in the link rather than posting it and making us click. It is scary clicking this day, you know.
There's nothing to be afraid of with the link, that's a clear link of this forum that will redirect you to this Signature Campaign Guidelines (read this before starting or joining a campaign) which is a reminder to all signature campaign owners, managers and participants. Don't worry it's made by a moderator, if you are scared of clicking links today just try to read the whole link so that you won't be a victim of phishing links. I know what you feel but sometimes we have to learn and check it personally.
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Never heard the news but it would be a huge change to the Philippines.
If you don't know, bitcoin in the Philippines is already popular and there are thousands of Filipino's that are now into crypto currency. The progress of bitcoin in the Philippines is rapidly growing and that's why the Central Bank recognizes it and they have made a decision to support bitcoin but still they are giving a warning to everyone that bitcoin shouldn't be used in illegal way. Maybe because of what Alibaba's founder said and advice to our government about e-commerce.
Even before without Jack Ma, bitcoin is popular already in Philippines. Bitcoin is still new to our country and a small part of our population knew what or how does bitcoin moves in the market.
In what country do you live? Does it MEAN it will be legalize to our country or maybe tax will be implemented to transaction that uses bitcoin?
It all depends to the decision of your country's government. If ever, those tax will be a big help to our economy to raise more funds.
Yes, that's a reason why they are recognizing and supporting bitcoin. And one more thing maybe corruption will be eliminate as of the founder said.
That's why they are reminding their people to use it properly.
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£50 amount is a good start for investing. For newbies that can't afford to make it more that's a realistic and good amount to invest.
And if that amount will grow, it's a good one but if you are still trying to know more about it then that's a good amount to lose because you can avail to have that again.
Well if you think that 300 is a realistic start, do it at your own risk.
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dont think so. but its posible. anyone could do coruption if they want but im the end they will get caught. even its not a new thing that many of bitcoin use to be terorist fund raising and money laundry.
It can lead to corruption and you know what's the reason why most of the exchanges has their KYC rules? It's because they want to make sure that they have their users identity. There are countries that are strict with cryptocurrencies that they want to know whom are their users and what are their transactions. And you're right with that, bitcoin can used with those things because they are aware that bitcoin can be used for money laundering and other illegal stuffs so corruption too.
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There are some questions that are really want to give everyone some doubts about bitcoin. Bitcoin will not end, it's on its momentum and if ever it will end it all happened since it's early years.
But the need of everyone for a cryptocurrency like this is very in demand so I don't think bitcoin will be ending or dead very soon.
The demands too high so the price is and that's the reason why it will never end, people loved bitcoin and it did helped a lot of lives.
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Payment received. Thank you Edwardard and draftcoins!
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The government, the society, the community or the people that can destroy bitcoin. There's no way for a computer to destroy bitcoin, I think also there's really no way for bitcoin to be destroyed now.
The codes are open source and anyone can modify it but bitcoin is running already as a digital currency just like fiat money that they can change the design of the paper or logo's on it.
But it's value will never change.
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As the price of BTC is increasing on an upward trend and falls only by few bucks, short-term Alternative Coin traders are crying blood. I believe it is due to the upcoming fork. How many more forks are we expecting in the future? It seems that through forks they are pumping the price of btc and once the price becomes stagnant they will start another fork.
Yes it's due to the upcoming forks, bitcoin gold and bitcoin segwit2x. It really helps the price of bitcoin to pump and so whatever the news is the price of bitcoin will be keep on pumping because of the free coins it made. The profit that is giving us, we are the ones to decide on where are we going to invest that but the majority is deciding to put it to bitcoin. And that's why the price of bitcoin is pumping because there's a lot of people that are putting that in buy order.
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how did you guys get started?
I started when I see people trading here in forum, I don't know about before what trading really is but when I keep on reading discussions about trading I did it by myself. Where did you get your info from?
Here in forum. And how do you know/predict which coin is going to be profitable?
Thanks!
I'm not that good in predicting but I'm also depending to the suggestions and tips of other traders which is really helpful to me. Some of it aren't working out but it's worth of a try.
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Everyone says trading is easy,you have to pickup a good coin and then invest your money there..Will you guys,please tell me how I know it is a good coin or bad?What certain things I should check about that coin?What types of information helps me to know the coin is good?
I'm not going to underrate trading, I've been struggling all the time on what coins are good to buy with my money. As I always fail with the chosen coins that I'm investing. But on my experience to choose a good coin, there should be a company that's really supporting that coins. Most of the alt coins now are just for money making for it's developers and not serious with the project. Lookout for it's team behind it and if you think and have done enough research and consider them as legit one, invest. Most of us would really struggle on finding a possible potential project specially there are already lots of ico do launch every now and then which would really give some hesitations for us to invest.Choosing the right one would always be the challenge.There would always comes a risk on making such move.If you hit the right project then it would be a profit if not then its a loss.Its just like that.Choosing good coin would really vary on how you do make research on its core team and on its white paper. Because I keep on checking those coins that are good for trading so I'm choosing what the best is but I'm struggling with it especially nowadays there are so many new ICOs that are coming. Some are promising and some are not, so the problem starts there and I don't want to gamble with those projects that just newly existed. There are projects that you'll hit as jackpot because of their legit movements and road map that can give you a nice profit.
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I talk to big economists they say Is only a Bubble my thought Is no bitcoin Is revolution of economy even doesnt have a background like gold the value Is power of the people what do you think?
They will always say that bitcoin is a bubble, they don't know what they are talking when it comes to bitcoin. They have no ears to hear those people that will say that bitcoin is one of the best investments that existed to their entire life. I don't even know why they are called economists because they are not the usual economists that we need and they are all saying what's on their opinion.
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Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.
Fiat money is really a bubble, backing up by the government and declares the value of it. It's actually a paper that was mixed with some other ingredients to make it worthy and has it's value. Especially those countries that are "leading" this world and making their economies on an innovative progress, tells the world that their economy should be followed. And that makes their fiat money more valuable than others, it's a way to make them reliable than other countries.. The sad truth.
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Everyone says trading is easy,you have to pickup a good coin and then invest your money there..Will you guys,please tell me how I know it is a good coin or bad?What certain things I should check about that coin?What types of information helps me to know the coin is good?
I'm not going to underrate trading, I've been struggling all the time on what coins are good to buy with my money. As I always fail with the chosen coins that I'm investing. But on my experience to choose a good coin, there should be a company that's really supporting that coins. Most of the alt coins now are just for money making for it's developers and not serious with the project. Lookout for it's team behind it and if you think and have done enough research and consider them as legit one, invest.
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Do you think we can go beyond 7k before hardfork? Thinking positively and being an optimistic guy with bitcoin, yes we are going to see $7,000 but I don't think so that it will happen before the fork. Much likely that it's going to happen after the hard fork or before the next hard fork on November so that means it's still going to happen before the fork right?\ But that's hard fork is different from bitcoin gold's fork.
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First of all, Yobit is a graveyard exchange where even the most shitty altcoin can be listed with no problems. It lacks credibility or is not an opinion-forming market at all. This little decline of Bitcoin's price might be caused by fork or may not. I definitely don't believe that it Yobit has anything to do when it comes to shaping price of Bitcoin. Stop trying to link invisible dots I don't find them also reliable and it's like they are trying to predict the whole market of bitcoin gold today, the hard fork isn't coming but the trade is starting already there? How come that it is happening but whatever it is, looks the price is starting to pump again and this is quite positive for the bitcoin hodlers. I'm not sure if I'm going to hold this coin or will eventually do something and dump it like others will do.
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