Private key or mnemonic word are vital things , without them you're losing your wallet for eternity. Unlike bank's password, you can retrieve it as long as you can prove yourself by giving your identity etc but bitcoin wallet is different so you must extra care by keep them in safe place !
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AFAIK , it can be hack but as long as you updated the wallet, I think you can worry less. I'm usually use etherium as my offline wallet and I always update it so over 2 years that I've use it, I'm never experience any problem !
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I hold my btc since 2014 and I sold 0.05 btc when bitcoin on $ 18.500 As an investor, I try to hold as much as possible and of course I felt regret for not sell most of them.
Well it's investor's Life !
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Personally bitcoin is risky investment means that the value is unpredictable especially for short term trading. I knew bitcoin on 2014 and guess what, bitcoin value increase more than 500% in 4 years !
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If you want more challenging trading , you can try day trader. Trade harder get more profit but remember bitcoin still consider as volatile investment so make sure to prepare the worst !
For me personally, I see bitcoin as long term investment !
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When I joined the ICO project, I will check their background. If they trusted enough, I will join ! If the project is being fraud, I can't blame the manager 100% except if the manager also try to do the fraud attempt with the project
Cryptocurrency is still risky so make sure that you've prepare the worst !
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I'm usually find their community first before try to deposit my real bits. At least it can minimalize the scam attempt,right ?
I can trust Primedice for example, because I see a lot of feedback for them but I dislike to play in 999dice although they have exist until now ( shady operation backhand )
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Nobody expect bitcoin able reach $ 6000 ,right ? Yes , bitcoin's value increase significantly makes it become volatile investment because their value change without being expect !
For investor especially for short term investor, it's become nightmare but if you can overcome it, Profit may come upon them !
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When you see bitcoin in red, try to buy it at least it's decrease 40% and start to hold it for the while. It's happened on me and now I'm profit about 5% , yes that's not much since I'm small trader
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As for now bitcoin is on downtrend so I think it will continue down until the end of June because I can see some pessimistic action on most trader. I expect the price of bitcoin to fall to $ 6000. There are no reasons for the price increase now, capitalization is falling, there is no good news either
When you see the downtrend most people do panic sell
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Higher IQ means more calculation before try to act. As we know trading is Risk activity so higher IQ usually not a trader because they are not interested on trading
Trader usually counting on guts,capital, and chance not knowledge
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The problem is not all token as much as you think, maybe it's like 1:10 or 1:50 ! For me, I try not to rush sell them quick because when you achieve easy token, you need think twice before try to sell it.
Are you want to quick profit or maximum profit ?
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Yes, it's benefit but the disadvantage are more than it's benefit. Yes, gambling also entertainment but it's for adult not for young teenager ! Just make sure that you've prepare to loss before start to gamble because gambling is not fun as much as you think !
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Yes, it's possible but if you still believe on bitcoin , you can just hold it but if you can't resist it anymore so you can try to do the same, panic sell. I can see bitcoin is on downtrend at the moment but I'm not believe that bitcoin will reach $ 500 in this year !
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Usually altcoin follow bitcoin based value except if some altcoin experience uptrend , it means that the demand for that altcoin has increase and may compete bitcoin in the future.
So yeah.. it's depend on supply and demand overall !
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It's completely different things because bitcoin just like gold as an asset.
Maybe blood diamond can help Africa but bitcoin is something else, something that must be investigate even further because for some government ,bitcoin is criminal money !
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I think people do not understand about that cryptocurrency and how to use this to process blockchain technology. most people are looking for information about cryptocurrency to the wrong place and the wrong person. if this continues to be left I think it will be a means of deception
If you live where your government forbid bitcoin usage may become the primary reason why people don't believe crypto. For me, I'm looking a profit although the risk are greater than ordinary investment so it's reasonable for the government because they want to protect their people from harm !
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By seeing bitcoin value from year to year, I can see yes ! But for some reason, bitcoin become quite stable on this year so I'm also afraid that bitcoin will reach another downtrend for the first time over 8 past year that already exist !
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Crypto trading consider as risky investment so if you try to trade in short term, you will experience more losses because it's value still volatile!
My suggestion is hold , just take a look on bitcoin over past 8 years, it's value continue uptrend , right ?
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For me, altcoin far more riskier than btc because totally unpredictable. So before decide to invest on altcoin, make sure that they have stable and cooperative community. If you believe it will increase in the future, you can just HOLD it but if you can afford to loss, cut loss become the wise solution !
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