Since the "black Friday" of crypto that occurred 2 weeks ago when China started to ban cryptos left and right, I have noticed that everything starts dropping as soon as Chinese market wakes up at 8 am their time and then it starts going up when the US market is waking up. I have made some "risk free" trades this way. I'm not going for big gains, but somehow small, constant fluctuations that so far I was able to ride safely (so far) into profits.
Yes, this advice is very true. Chinese and US market has a big influence in crypto market so you should timing carefully according. Similar to this, all my worst transaction from what I record made after I wake up. Leave it about US and Chinese market because bitcoin is not depend on them bitcoin is decentralized and open for everyone neither US nor neither Chinese market can decide about bitcoin. Yes bitcoin is decentralized and open for everyone but China and US have a big influence and a huge amount of investors in the market that can cause a big effect to the bitcoins price. |
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so, what id like to do is invest bitcoins to a stock or mutual fund account, but am not sure the best way to go about it. any tips/advice?
I'd say Using Bitcoin is investing it self , you can buy more bitcoins and hold them , It's just a matter of time before the price of Bitocin will rise once again , and if it dosen't happen for long time , it will happen the end of the next year when the next halving block reward happens but it depends on the price just before it . And if you want to go with stock , then there is "eToro" it's a famous website to invest on stocks and legit . I guess you can deposit using Bitcoins , not sure tho never tested it . good luck mate definitely true, putting your money in to bitcoin looks like very similar to an investment since it also has a risk and I suppose it is as good as investing on stocks but I am not sure how much money is good to start investing on stock and I didn't know how much risks are there . I also don't have an Idea regarding to the best way to start it so I am just suggesting to hold bitcoin and buy more . Yes hold bitcoin and buy more is a good idea because bitcoins have a big potential in the future were everyone who invested now in bitcoin received a good profit and enjoy its benefit's. |
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I think of many reasons or the possibilities of Bitcoin replacing Fiat Currency and I see the following flaws in which makes the chance of it smaller.
1. Transaction Time - When you are in a hurry or inside a line of the store by paying Bitcoin you are both wasting your time and the store's time as it will take longer compared to a fiat currency which is instant.
2. Transaction Fee - Also by using Bitcoin you are also adding additional cost over your purchase price in which is needed in order to complete the transferring of money,
3. Adaptability for Older people or for people who are not technically inclined - It may take some time for them to adapt something that is not useful for them.
Well this reasons might be debatable but this are the obvious hindrances that Bitcoin will face if it ever want to replace Fiat currency.
Both number 1 and number two can be adjusted and solved. Number 3 will change with time. A century ago old poeple were wondering what a tv is, nowadays I see a lot of them with smartphones. The real problem is that you need internet.You need a way to communicate with a node. And in countries where running water is a a problem this one won;t be solved to quick. Yes the real problem is internet because there are some country that offers a low speed internet and also the payment is too high. Internet is the way to connect the other people from different places but their are some people that cannot use internet because of poverty. |
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The government of my country does not want to legalize bitcoin. Because all transactions are anonymous and decentralized. The government can not control this and get taxes. People can become richer thanks to Bitcoin, that's great, but it's clear to me why the government does not like it.
The government wants to protect their citizen from the illegal activities that may happen in their country because of bitcoin anonymous transaction they didn't track any malicious transaction that occurs in their country. |
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Thinking of it might happen when more and more bitcoin enthusiasts in the world. Because bitcoin prices are influenced by the number of enthusiasts and bitcoin demand. And I sure can achieve fantastic prices for the next few years because I know that bitcoin is the strongest currency in the world  So try to invite some of your friends or family to learn about the world of crypto now so they do not regret it when the price skyrocketed Yes it might be happen after few years because there are many supporters of bitcoin now that can help to promote the Bitcoin to others so that the market of bitcoin will become huge that results a high price and a good profit for everyone. |
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I think this is a tremendous event and makes all the shake. we all know that the largest bitcoin user is china, may chinese users find other countries and start doing bitcoin business in other countries.
Yes I agree with you that the Chinese investors of bitcoin maybe find another countries that accepting bitcoin as a legal payment because they don't want to stop their business because they seek an opportunity in bitcoin on which it become more valuable as the years past. |
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Then probably in the next months the price of bitcoins will increase again, Those who invest so much this days when the value is low is a very good decision to do. I invest so much in etherium coins because it is down to 240$ in the market then maybe in the next few months it will reach 300$ again. I guess you are not having the latest news, you should get your facts straight because bitcoins are now no more decreasing, rather they are recovering their value with great speed and soon going to make a new record by touching 5k dollars in September. I don’t think so bitcoins will decrease now anymore. It is a good idea that the decreasing price of bitcoin is now stop and anytime they can be backed again in it's original price were there are many traders who grab this opportunity and possible to earn a big profit when the price of bitcoin back or reach it's new All time high. |
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by using reward points to get satoshi, and you can also get from signature campaigns, or participate in bounties and it's all the best way to earn some money.
Joining signature campaign is a superlative method to earn money every day secondly take part in different bounties is also a good way to earn money. Although there are also many different sites on internet through which you can earn enough money. Yes joining signature campaign is a good idea and a good way to earn more profit even there are a lot of campaign here you must research first because there are also campaign who turns to scam and all your efforts become wasted. |
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i am not sure we can exactly call the ongoing thing a "bear" market to start or end! it was a special thing, exclusive to bitcoin only! some FUD was spread then some more people like the JPMorgan CEO took advantage and spread some more FUD and because bitcoin market is filled with a lot of newbies the weak hands are always there to act and price fell hard.
a bear market is usually a longer one when price keeps going down, not just a big dump to push it down.
for now the price seems to have found a stable price to stay at. if it stays there and doesn't fall we can say it is officially over now.
Yes there are a lot of newbies in the market now that can cause the price of bitcoin going down because they have an weak hands and not fully knowledgeable in the normal move in the market we're there is a panic Selling and they think it will continue but someone are waiting to it's lowest price and pump it again. |
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Yes , maybe this is the time Bitcoin get back to the real valuable after a few months being bubbled by investors from all over the world. But good news are coming and price of bitcoin gonna bounce back in next 1,5 months. It needs time to improve to the world that bitcoin isn't a fraud like some stupid CEOs said.
We needed this correction in the price, the price was too high for too long and now we have a more reasonable price of 3500 for each bitcoin, now we only need to wait what it is going to happen in November and at the end of the year to determine how the price is going to move. Yes correction is normal in the market because of correction we determine the limit of a coin if it dumped hard after it was been pumped in a fast time. Every coin have an correction and it is a good time to buy the coin at it's low price and wait it to pump again. |
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We need to get used to this kind of strategy. It is so easy to do that strategy to make a false alarm on bitcoin because they got the power and they can influence people or the bitcoin user easily because bitcoin is so vulnerable into the effect of the news so if something says bad thoughts in bitcoin then it is automatically will make bitcoin dump but we can take advantage of that by buying the dumps and selling when the price goes up again.
Yes I agree with you that it is easy to trigger the price of bitcoin if there is a news that pointed bitcoin and also they have a big influence at the market. Most of the news have an effect in bitcoin price that can cause panic to some people and advantage to those creators of news because they can easily buy at the dip price. |
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I donot understand what are going to on bitcoin?Bitcoin dumping and dumping  .Now bitcoin under 3600$ i think in this week its going to under 3000$.China can destroy bitcoin or ended this month.What your predict ? No they can't destroy bitcoin though they are one of the big market players so bitcoin's affection has been seen. They probably are testing their power in bitcoin and if the news are real, there is also a statement that those ban will be gone after making a law about ICO's and with those local exchanges on China, they'll relocate in some other countries to continue their business. I'm worried about the miners, as China has the most number of miners. Yes they can't destroy bitcoin because there are alot of supporters and investors of bitcoin now which can be found in different countries. Bitcoin popularity now is huge that cause it's price to rise. |
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Good for you as that is your own opinion which we both know you are trying so hard just to paint bitcoin black. Waste of space! 2 activity, 2 posts and that is the first thing you came to this forum just to drop ?
You are sure really doing a good job all over the internet to drop the price for your own good. It is working as gullible people are falling for it.
I agree with you that this man are trying to paint bitcoin black because I think this man are also wanted to buy Bitcoin at low price but the community of bitcoin is huge now and stronger that cause the market not to fully affected if their is a news that are wanted to down the reputation of bitcoin. |
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Well for me the best way to invest your bitcoin is by holding it. Bitcoin's price today results in a decrease in its value but I still think it will grow. That just happened because people sell their bitcoins when its value is big enough. You may follow CoinDesk at Twitter to know the updates of bitcoin's price.
Well ever since I got into Bitcoin, I’ve heard and seen people mention all sort of earning opportunities in Bitcoin, but one thing I don’t like is investing my money. I prefer to invest my time and work harder than invest money and take risks. I’ve been earning and growing my Bitcoin and it wasn’t through throwing money into it. Trading is not meant for everyone. Even people with god skills and experiences make wrong moves which ultimately put them in big losses. Trading is not that easy that you can use it for increasing your bitcoins. If you really want to do so, go for signature campaigns or hold bitcoins until they pump hard. Yes trading is hard to earn a good profit but if you spend more time in trading for learning new lessons and make some new strategies you can make a good profit. Also the signature campaign is a good source of income were there is no capital required that you can risk in order to gain profit. |
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Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Yeah I agree to you. Losing is normal in the trading because it is the time that we can learn new things, strategies, techniques and decision. I can say that losing is normal for us to become successful person. Yes losing is a normal experience in trading because it teaches us to make a better strategies to earn a huge profit and avoid losing again. Losing is a part of a better strategies because of losing we learn something new that lead us in enhancing our ideas in trading. |
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Personally bitcoin had been a blessing to me for the past few months ago I had the opportunity to participate in signature campaigns and the bitcoin I earned was exchanged to Fiat which had enabled me to buy so many stuffs and payment of some of my bills at least this has reduced the pressure or over dependence on my salary.
I'm also have this experience because of signature campaigns and exchange it to Fiat I can buy more things and also it helps to sustain our everyday needs. Bitcoin is a good way to earn more income in our life and it helps those people who are in needs and also the unemployed person were they can earn money through bitcoin. |
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You can start buying, but I don't think the bottom is reached yet. $3.000 dollar is in sight, a psychological barrier and may cause another drop.
I have set up buy orders at $ 2500 and will also buy ETH and LTC with it.
in case bitcoin goes down it will take ETH and LTC with it and they will drop even harder than bitcoin did percentage-wise. that has always been the case with these altcoins during bitcoin price drops. and the recover of said altcoins will not be as big enough to be worth the risk and trouble of investing in them unless you are already an altcoin trader. i also vote for staying on the side with money in had and watching the price. if you buy and it goes lower you will definitely panic. Thank you for your reply. I am in for the looooooooong run and do believe these coins will determine the future so I am just taking my chances with these discounts  my first buy-in was to high so I am trying to get the average price of my portfolio down Yes just believe in the coin that you have been bought but make sure you spend enough time to research the coin project so that you have a good view in the coin in the future that it will give you a good profit. |
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People actually thinking it's going to drop below 2k  I think that's not going to happen, besides all I can say still hold on to bitcoin then but a huge of it or buy as long as y octavou can afford to buy. Though, bitcoin dumped near closed to 30% average, but no worries. For me it depends on the people if they want to dumped the bitcoin because they think that this is a good opportunity to buy at the lowest price but the other side it is also good to hold bitcoin now because they can pumped easily anytime and earn a huge profit. |
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If you're a scammer you can easily multiply the bitcoin but if you're a gambler you're a bit harder to multiply bitcoin. Trading in more knowledge is cool as it is one of the first trading investments. if you are a little lazy and you know you are the lucky person in the world to gamble your ez fonz money ..
No need to scam people just to gain a lot of bitcoin, you can do decent things to obtain bitcoin like trading, joining signature campaign or offering your service. Scamming are for people who are lazy and have nothing good to do in life. That is a bad thing to do by one person, scamming more people to gain money to buy food to eat by your family, i do not think your family would be happy if their food are came from scam. Earning in bitcoin having multiple method that all of us can do because it much easier than finding a regular job with small amount of salary, just dont be lazy in working in bitcoin and i think you will be gaining much higher profit and has possibility to be rich in the future. Yes it's a really bad thing to scam people because they work hard for the money that you earn from them. Why those people are choosing to scam others? Even they can do also a legal job with a good salary offer. There is many opportunities that may come in our life that help us to earn additional income just like the trading and joining campaigns were we can earn money just to be patient and learn all the lessons from it. |
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In this life like today, we can not escape the name of "Cash". Cash seems to have been embedded in our daily lives. Even today many small children even adults though are "money conscious". If you give them a choice of cash and Bitcoin, then do not be surprised if they prefer money than Bitcoin.
the digital era just get started, no wonder if people don't know yet about how bitcoin could work the same way like cash work as currency to buy things. don't compare it like that , as there would always a pros and cons to be debated . while cash and bitcoin itself each has different benefit. sooner or later bitcoin would adopted and used just like cash today. I love the way you think though. Both cash and bitcoin are equal in the eyes of people though it is digitized yet it can be used for purchasing goods or anything. I strongly believe that people are not hypocrite. No matter what appearance of money still it is profitable and for the sake of survival. Both are good with special needs of it. More powers for bitcoin. The only major difference is we can not use bitcoins in real life that's it. Apart from this both have their own qualities and have value in the market. But as a mate said in future we will get a chance to use bitcoins in real life, and we can buy our things with paying bitcoins. My dream is how we can use cash like that i need to use bitcoins don't know when that day will come. you must never experience to buy a cup of coffee with bitcoin or repairing your vehicles in real life right? as long as there is a merchant ready to accept bitcoin you can do it even in real life. it's just the matter of time where the adoption could spread evenly and people realize the urgency to use bitcoin as their primary currency in the future. i think currently most of the shopkeepers are not ready to accept bitcoin for shopping in fact they themselves do not have any idea about bitcoin, but i am sure that when they will know about it then we can expect that they will start accepting bitcoin, i think we need to introduce bitcoin in our area if we want to make bitcoin popular in our area and if we are welling to use bitcoin in our local shops for shopping. I think even though bitcoin becomes popular though and is widely accepted in various places and merchants, but it would be useless if the internal bitcoin has a very expensive fee for shopping and a long time confirmation. this is why people prefer cash rather than bitcoin. if bitcoin can match cash at least bitcoin has a very cheap fee. and very quick confirmation Yes one of the most problem in bitcoin is there are alot of confirmation and also a high transaction fee that makes it become disadvantage and also its very hard to become the legal payment method in our society were the cash is become useful and easy method for everyone. |
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