Most people now with the rise of bitcoin value, just want to hold bitcoin for as long as they can so that they can maximize their worth. But isn't it a little too greedy to just keep holding bitcoin?
We've all read that story in the school with the moral "Greed is a Curse".
So what if too much greed in bitcoin may backfire? What if, the hodlers end up with nothing?
I don't think holding bitcoin being greedy but then sometimes we just don't have a choice to hold it because of the transaction fee of transferring it is high. We need to accumulate more so that we cannot feel the fee that much in case there is a need for us to transfer the coin. I hope in the near future, there is a solution to the high transaction fee. Though the aim of Satoshi is to make bitcoin a currency, it is currently treated as an investment because of the current problem. To be sure though that you still have funds in case bitcoin will not be worth that much someday then diversify your investments. |
|
|
|
Didn't know there's a site like this. Thank you for the link. Anyway, this forum would be the best source of bounty campaigns because the information you need are all in here. You just need to look through the pages for campaigns though because pages are being updated from time to time. There are many kinds of campaign like social media, signature campaigns, blog campaigns, translation and others. You just need to look for the campaign that you are interested in joining and be sure to not spam the forum. |
|
|
|
|
Yes I tried to encourage my friends to invest in bitcoin because I just don't want to keep to myself the profits that I gained from it and there is still a big potential to earn big for a long time. I just discuss to them the risk involved when it comes to investing in cryptocurrencies and one of them have been able to invest and so far happy with the investment. Bitcoin has been in the news lately but I told them to research more because there are so many FUDs when it comes to this world.
|
|
|
|
Just that... do you think there is any re-distribution effect at all due to bitcoin?
No, there isn't because there are still whales in the crypto world that somehow controls the price of the coins since they can pump or dump the coin anytime for their own benefit. However, it has given a chance those people who are willing to learn something new so that they can earn from it. Mostly, the young ones who understand the technology would have an edge over the people who do not want to learn it. It has help a lot of people financially because there is so many opportunities in cryptoworld. |
|
|
|
Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.
It's not really ideal to pay with bitcoin nowadays considering the transaction fee and network congestion so if you wanted to be paid with cryptocurrency then you have other choice which would be ethereum or litecoin. You will just lose your funds if you send a small amount of bitcoin since the fee is high but if in the near future there is a solution to the transaction fee then it would be good if I would be paid in bitcoin because there is still a room for growth. |
|
|
|
Your email address used to create an account on payperex: glicie08@gmail.comYour bitcointalk username: yndye Your email address used at bountyportls: glicie08@gmail.comWhich Campaign have you joined? - Social media |
|
|
|
I have opportunity in overseas job around 1000 usd. but my mind now not in a stable manner.
please guide me whats the best option doing crypto currency on the home or move to the job overseas?
It depends on how much are your earning in cryptocurrency. If you have a fix income in your country and then if you add crypto income then it will exceed $1,000 then better stay in your country. It is also about priorities and your current status. If you already have a family and have children then you should look at if money is more important than time for you because sometimes when you are already overseas and your family is left behind, it is very hard. If you have a choice of bringing your family along then go with it. |
|
|
|
How I can make profit from token but not sell on exchange after ICO? If project success, how I can make profit?
It would be a token in which it rewards its holders for keeping the token for a specified period of time. Some coins have some specified wallets and then it would be a proof of stake in which you can have additional coins through mining. There would be other tokens too which in a way distribute profits like dividends to its token holders. There is a risk though that the token would have a lower value in the market after some time in which it would be better off if you sold the coin in an exchange when it is still valuable. |
|
|
|
I expect so, knowing that new money has poured into bitcoin and more and more people are being lured into the gates of this cryptocurrency. Also, the general population of the traders nowadays seemed to have learned that they can maximize their profits by switching into different alts whenever it is down or up. With the number of traders increasing who switch their coins back and forth, the crypto world and not only bitcoin would be more volatile than ever.
Number of traders are up that is why some exchanges stop accepting new users because of the surge of volume. Anyway, bitcoin will still be more volatile this year because it was only on the last quarter of 2017 when more money flow in causing a surge in prices both in bitcoin and altcoins thus a rapid increase in market capitalization. Some countries are implementing some regulations so for those who are conservative who will always say that they will not be involve with cryptocurrencies because it is not regulated would invest into it. |
|
|
|
I have been doing this for a living now, remember one thing never ever go with guesses of other peoples on different forums. Learn to do TA and FA yourself and then you can decide for yourself where to invest. Depending on guesses of other people will give you short term returns but one big fail and you are done.
Listening to others may be profitable in the short run but just remember when they suggested the coin to you, they already hold a bag of the coin so that when more people buy the coin, it would go up and then by the time comes it reaches the target price, they would sell and then for those who got in late would be at a loss. There are so many groups that are suggesting coins what coin to buy or sell without even a support of an analysis and some even charge you for their suggestions but the better way would be to do it yourself because it would benefit you for life if you understand why you buy and sell that coin. |
|
|
|
|
I am always a risk taker so even though I know that there is something fishy with a site if there is a potential then I would go for it but this is before because now, I am very careful when it comes to putting my money somewhere else. When I came across bitcoin around two years ago, HYIP is very famous then and I know it is still going on nowadays. I am one of those noobs who is amaze of the returns that's why I deposited some coins in that site and I got back only less than half of what I deposited and the site went offline. I believe there are thousands of investors scammed by that site. From then on, I am careful with my investments.
|
|
|
|
Whether it be buying btc or buying equipment to mine btc. Did you ever borrow fiat to make your purchase? I have not. Just curious if anyone ever has.
No but I have known some who have max out their credit card to buy bitcoin. It is very risky because we know that if bitcoin will go down, they would be swimming in debt if they don't have any other source of income to pay off their debts but so far they are doing good. They were able to buy bitcoin though when price is around $5,000 so they were able to pay off their debts but if you are planning to buy now by borrowing from others then you may think twice. You can borrow if you are confident you can pay off and just make sure you have other source if it does not go your way. |
|
|
|
I am not a trader for long and I can relate with your situation OP. It is just that I am always in a look out if the coin I bought already went up in price. Cryptocurrency is a major part of my daily life nowadays but I don't have any regrets in it. From the time I wake up, I check bitcoin price because it is vital to the prices of altcoins and all my social media accounts are full of crypto related news. I've been with crypto for almost two years now and since altcoin are having a great time nowadays, I just sold my coins when its twice the amount and then left the rest to grow. In that way, I don't check my phone or PC that much when all my funds are in the coins already. |
|
|
|
|
Show Posts
