Stay away from Bitcoin mining and also cloud mining. The difficulty is much too high for your $1000 mining rig to make any decent profit and cloud mining is mostly a scam. Do not listen to anyone telling you to invest in some Alt coin, because they most probably own some of it and wants other people to buy it to increase the value of the coins they are hoarding.
Bitcoin has a proven track record and enough volatility to make some good profits buying low and selling high. Stick with the coin that has the highest network usage.
Yes I agree to you that stay away from cloud mining because there are many mining websites now are turned into scam. It is better to trade your money to the different altcoins so that you can earn an additional income but before trading from the coin make a research first to the coin that you are wanted to trade because there are also a scam coin that doesn't have no progress for a long time and may become disappear in the future. |
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The following 5 things are easy to internalize because these tips were “written in blood” (my own blood Lols  ). However, it’s still difficult to apply them in real-time. After all, we are not rational human beings. 1) Reason For Entering Trade: Start a trade only when you know why you’re starting and have a clear strategy for afterwards. Not all traders make gains from trading, since this is a zero-sum game (for everyone who benefits someone else loses on the other side).The Altcoins market is driven by large whales (yes, the same ones responsible for placing huge blocks of hundreds of Bitcoins on the order book). 2) Target & stops: For each trade we must set a clear target level for taking profit and more importantly, a stop-loss level for cutting losses. A Stop-loss is setting the level of loss where the trade will get closed. 3) Meet FOMO (fear of missing out): Indeed, it really isn’t fun to see such situations from the outside – when a certain coin is being pumped up like crazy with huge two-digit gains in minutes. 4) Risk Management: little pig eats a lot, big pig gets eaten. This statement tells the story of the market profits from our perspective. To be a profitable trader, you never look for the peak of the movement. You look for the small profits that will accumulate into a big one. 5) The Asset creates Volatile Market Conditions: Most Altcoins are traded according to the Bitcoin value. Bitcoin is a volatile asset (relative to FIAT) and this fact should be taken into consideration, especially in the days when the Bitcoin value is moving sharply. There are many things like Maintaining a Journal,Upgrading your strategy,Dynamic change in market Behaviour, Checklist for your Trading Plan, Psychological Mindset , all these plays a vital role in traders career and these are also important to know for Every trader. Thanks for sharing this information. Many traders can be help by this information. Trading is unpredictable job that's why we need to learn the lessons in trading in order to make own strategies because trading can give you profit and loses on every move in trading. |
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There are two ways of investing in bitcoin, 1st, is investing of money and this is the best for me if you are looking for faster income, 2nd, if youndo not have money just make your time as your capital to earn bitcoin and that is no risk involve. Then much better if you can do both.
Do both will need you spend much time for work in Bitcoin market, and with people work in Bitcoin like second job, do that is impossible. In my opinion, if you are person busy all time, you should choose holding Bitcoin or altcoin in long term for earn profit. Yes do both is profitable but it can spend your whole time and also it can help you to upgrade your knowledge in bitcoin. Holding bitcoin is a profitable way but trading it is more profitable because you earn additional bitcoin and also the value of money also increase. |
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For me a smart person is a good thinker in every strategies that he want to make because they know all the ideas and possibilities of every decision that he make that can change their own life.
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why are many people willing to drop their jobs and prefer to focus more on the world of crypto like bitcoin?
simply because many are talking about it, it doesn't mean that all go trough with it. I think because of the limited income with a hevy load of work. The specified time and place. Instead of all these things bitcoin is very easy and comfortable job. One can earn money from his bedroom as much as he wants. There are no time limits. One can do online business anytime, anywhere in the world. There is no boss in bitcoin. You will be your own boss. No explanation, tension free environment and more money than job. Yes these reasons encourage us to work with bitcoin. We are the boss and we decide if we want to earn an income. Our profit are depends on our patients and hardwork and also we can earn a knowledge in order to make strategies in bitcoin. |
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I'm new in trader ! Any lesson or tips can you guys show me ! Bitcoin is increasing ! People told me to trade is the only way to make fast bitcoin ! Please help
For you as a beginner you should start at the small amount for gaining an experience in trading because trading is hard to understand in the first and their is many loses that happens when you are a beginner but it will help you to make your own strategies in trading that leads you in earning a good profit in the future. |
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For you it is better to start in bittrex were there are a lot of coins that can be choose for trading and also you can earn an enough knowledge while experiencing trading at bittrex.
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Government and bitcoin is now near for being together and a lot of countries already done this kind of thing and they are now accepting bitcoin on their country without any fear from the government. If all the government will accept bitcoin then the revolution will become unstoppable and bitcoin will become the mainstream cryptocurrency in the world.
Yes I agree to you that bitcoin become the mainstream cryptocurrency in the world if the different countries are continuing to accept it as a legal payment method and spread it to their citizen so that everyone are able to use and gain a good profit in bitcoin in the future. |
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Well, we know that JAPAN is currently accepting or adopting bitcoin inside their industry or marketing. Many retailers used bitcoin on their transactions on their clients. Making it's a fast transaction and trusted. Japan will be the way to accept bitcoin in the world's industry making it LEGAL and more retailers will used it as a part of their transaction over their clients.
Right, Japan has always been number when it comes to modern technology. They are always the first one to accept innovation and use it in their country. This country has always been updated and also one of the major countries who invested in bitcoin. It is true that they are now accepting bitcoin for local transactions and I hope that this will serve as an example to other countries. Yes it is a good example for other countries that didn't not already accepting bitcoin as a payment method because popularity become high that can cause the price become high also that's why Japan is one of the good example that lead us in accepting bitcoin and the country that have a good growth in modern technology. |
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so far no one has a crystal ball that can see the bitcoin economy in the future. But if you look at the existence shown by bitcoin and also the increasing interest of people to adopt bitcoin, that means more people will use bitcoin, I think the future of bitcoin economy in the future will get better. And that is our hope all as bitcoin users.and we need not worry.
Yes I agree to you that Bitcoin have a better future because there are many people who are continuing to invest and it also accepted it as a payment method from the different countries that's why we are now experiencing the fast growth of bitcoin price and it's popularity also growth. |
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Why don't you try local Bitcoins?
Last week I bought some Bitcoins through PayPal, as expected the transaction went smooth. But there are lots of scammers also, one must be very careful in choosing the right by checking their reputation.
I think you can also buy Bitcoins through PayPal in paxful.com
You are right. Buying Bitcoins with PayPal hardly takes much time. All you need is to be sure that there is no scam or stuff like that. You need to see whether the one whom you are dealing with is a legitimate dealer or not before setting up a deal. It's a good advice that use localbitcoins which is a good place to buy bitcoins using PayPal but we need to look first to the background information of the person that we are wanted to deal because their are many scammers now in the online transaction. Choose a legitimate dealer so that you are safe for the transaction that happens because money is hard to earned. |
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Mining and trading are not the same because mining needs more time in order to gain a profit from your capital while trading the capital can be hold and earn an income depending on what you buy and sell it and the most profitable way is trading that you can earn a money because of your knowledge and skills in trading.
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Probably kids understand bitcoin, if there is a lot of pictures in explaining the concept of bitcoin. they easily understand what bitcoin all about because kids want also to play. if there is a lot of funny videos when you are explaining to them, they love to watch and listen to you discussion right away. They eventually kids understand. try it if ever..i hope through my message kids understand yet.
You are quite expert at handling kids and know very well about their psyche. Undoubtedly kids are very much attracted towards visuals and that too colored ones. The usage and importance of bitcoins is if explained to them via some animated video or cartoons, they will within no time grab the idea and love to play for bitcoins. Yes most of the kids now are mostly attracted in the animated video and cartoons that have a good story. It is better way to use animation videos for teaching bitcoin to the kids because their curiosity may become work on how to make it in reality and through animation their mind are become interested in every situation that they have been seen in the videos. |
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I think bitcoin prices will continue to rise if more countries recognize bitcoin as a legal currency so that more people are interested in using bitcoin in their lives.
The bitcoin's price will grow never the less and the only problem would still be the value of it's transaction fees. In my opinion it's value will not grow larger than 10% of total value as transaction fees. Yes high transaction fees is one of the disadvantages of bitcoin because it cause a big effect to the market that all of the big amount that are send are go to the transaction fees even there is disadvantage there is an advantage that make bitcoin become profitable for everyone. |
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This is also my question when i started trading. In my part, i make an observation from the chart and make a guess or sometimes need to research first before i make a decision. Sometimes it works, sometimes it does not work. Maybe my skills are not yet enough to become a good trader.
Your skills is enough or such a good trader but dont focus your self on monitoring only on the coins that you have trade making an observation make sense but not all time. Of course there are new coins that could be worth a shot, we should also see some new opportunity, we need time to focus but that would be worth at all. Look at the cheap coins or coins that you believe undervalued because when devs work hard it normally pump. Yes new coins are worthy and profitable but some of this are scammed coins that's why we need to have a research about the certain coin in order to have a correct analysis in the coin that can give us a good profit in the future. |
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I am just beginning to trade and have gathered not so may coins, may I ask how I can convert my crypto coins to Cash?
I am glad you have earned money from BTC trade results. it is very proud because not everyone can trade. To earn money from your trade you need to redeem your BTC to Fiat. Every country has an official exchange. Please search for a trusted exchanger then redeem your btc and send it to the Bank. You can trade quickly and enjoy the results. Congratulations Yes every country has an official exchange that can help the bitcoin users to cashout their income. But in every country their is a rules in using bitcoin in order to protect their citizen and help them to avoid the illegal activities. Just follow the rules in your country and you will be happy for cashing out your income from bitcoin. |
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That actually depends on the market, because there is still a chance that value will go down in the future but for now with the current value of bitcoin - i think it is better to hold it for a long a time.
Yeah holding for long time is better for maximum profit. But not holding so long like many years, try to spend your bitcion time by time, because bitcoin is made to make its users life happy, so your life become happy when you fulfill your desires so try to fulfill your desires by bitcoin, do not spend all of your bitcoin try to save it for future. It is quite better to make holding to your bitcoin. Holding a bitcoin for a long time is. Yes, so yielding in terms of profit. Do not hold for so many years I suppose but it may be 2 3 years enough. After you just sell the bitcoins and you will be amazed to see the earnings you will from it. True. Even I had try this. Holding and saving is the key for success in bitcoin. Sell you bitcoin only you want money. Just check the bitcoin rate day to day while holding. Once the price of bitcoin reaches the moon means, you will get very good profit from it. It may be a dollar, Euros and so on. If everyone holds, who will you be selling to in the future? Who will be buying your bitcoin? Yes its profitable in holding a bitcoin but some people trade it day by day to earn additional bitcoin that's why it affect the market up and down prices and most of the people gain a good opportunity from this situation. |
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if you are really in need of money plus you have some bitcoins in your account i think you can cash with in minutes if you are really in need of money
I will sell my btc and some altcoins which I hold to cash out into fiat. In need of money for emergency this is I think I will do to have money in this case. Lastly, joining social media and signature campaign would help. I would also do it in case of emergency cashing out all my funds because it can help me to solve the problem even I loss my holdings in bitcoin and other cryptocurrency but I think it will be come back again because there are many opportunity that helps us to earn it again. |
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bitcoin payments to buy the goods we want
Its easy to pay with bitcoins but somehow it was really hard to find a store or an online shop that accepts bitcoin's, In my country i never experience buying goods through bitcoins. It was like your buying goods from your country with different currency. The only thing that is possible right now is a bank that's accepting bitcoins. I also have this situation it is hard to find a store that accept bitcoin in our country because the government didn't fully introduced bitcoin to their citizens but it is now legal in our country that have a rules implemented on it to protect the citizen. |
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Just invest your money in bitcoin first so you can be on the cryptocurrency that doesn't have too much volatility and once you have invested in bitcoin then just study the other cryptocurrency so you can discover them by your own and once you understand the way of other cryptocurrency then you may apply diversification for a low risk investment portfolio.
I agree with you that we need to start in bitcoin because of bitcoin you will earn a good profit for your investment and also you need to study first the coin so that you have an enough knowledge on the coin that you are wanted to invest and less worried if this gonna be give you a good profit in the future. |
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