no big dump, the price remains above $500, even after the news about hackers bitfinex, bitcoin prices recover quickly enough, although not completely. so I think this is all going to be fine  Previous $670 mark price dump to $540 max because of the finex incident but still its not considered as a big dump, its just a $100+ price drop and as we can see now as of today that bitcoins price is already recovering up and going to $600+ ongoing. Price dumps are just normal because of some circumstance but still bitcoin would probably recovers. |
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There is only way to improving yourself by the trading, so learn how to trad safely and make a decent profit. you must have good knowledge or you'll lose the rest of your money within the next couple of years
you are right with knowledge trade is like going to gamble blindly, those who do not know about trade and invest in there for trade will definitely lose all of their money which they have invested there. They should have to learn more before starting trade and have to improve their skills more with smallest amount trials. While this is correct the OP traded for 2 years and still came out with loses in my opinion this thread must be bookmarked by those that think altcoin trading is going to be very easy, it is not, trading is difficult, very difficult if the OP with a substantial amount of BTC, time and probably a lot of time invested in learning about trading altcoins could not do it, the chances for the average user of this forum are practically zero. Yes the op already lost in btc but gain in USD while holding for long term , its really hard to enter altcoin trading mostly when you just buy many coin without knowing for future development of that coin and of course holding it for long time and not selling when the price is in high is also big lost when the price not reach your set in selling. I prepare short time trading I dont want to lose too much and patience of course for waiting . If OP bought those bitcoin for a lower price previously 2 years ago then for sure at the current price of bitcoin as of today sep. 10,2016 i think he break even or even profitable,even if he losses in 7 btc i think the $ value would be still big but in the mind of OP he would probably quit trading because he seems it not for him , 2 years of trading is already enough to learn things on trading but he found out that hes not good enough thats why he decide to quit. |
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Definitely both.
I'd say 50% for luck: opportunity to buy when extremely low, and for coin value to go up up up.
Then another 50% for skill: taking the opportunity to buy when low, and then knowing when to sell.
+1 your answer is very true and relevant comparing with the another answer, both of them is having them a role. 50:50. Thats why i choose Both option on the Poll selection since i strongly believe that these two things need each other when you do trading since if luck would be lacking maybe those skills wont work no matter how hard you trade and analyze and you cant also rely on luck itself if you dont have enough skills because you would waste that luck if you dont know how to trade. |
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12 hours ago (before I go to sleep) , the price was something like 575$ If I remember right , I woke up and found it 600$ (using preev.com rates) .
What could cause this price increase ? I checked some news websites and I couldn't find any obvious reasons , the only thing I read and I found interesting is Bitfinex paying their customers back from the HACK but I'm pretty sure It has nothing to do with the increase.
For whatever reasons it is it may possibly due to the growing need for bitcoins. Many are joining the community and many online businesses have opened. Many exchangers and platforms have opened. But for me it doesn't really matter as long as the price keeps increasing I will enjoy it and I will ear more cash from selling my bitcoins. We don't know yet the reason it happened, but we are happy with the increasing since the price has stable around 570 for a while. Just looking for the speculation about it, but didn't find out yet. I agree that it maybe related with new exchangers opened and adoption of bitcoin increase worldwide. Most of us really dont know what circumstances that bitcoin price increases gradually on a matter of week i guess. It stabilize itself on $570 mark for several weeks then suddenly goes up its price. We dont know what happen but same as others think that maybe the need of bitcoin is increasing and the adoption matters with this price increase. |
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Wow!! That was huge.. and if that happens ,i will teach my wife and my kids and soon to be kids,to start earning bitcoin cause it will take us to a better living..i will teach them in the year 2020 while we are re waiting for that price.
earn money (fiat) or earn money (btc or gold) is the same. you need to teach what are the advantage of this technology But In topic  again, I think this is a really optimistic prediction and it's seems hard we can see this increase in the value. I agree with you, earning money is still the same as earning on bitcoin. As we can see the speculation i think it wont happen or reach that certain target price which its really too high to consider and if that happens then many of us bitcoin users would definitely smile on that year because almost of us are already millionaires. IMO |
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es I have experienced the loss of bitcoin by altcoins . I bought a altcoins high price but it suddenly dropped . So instead of a profit . Further down the investment and until it disappeared . So what I do now I buy and sell quickly for a profit . The difficulty so as to recover the lost suffering first to recover .
If you will invest in altcoins without doing any research they will not gain anything from it, and if you are depending only on luck then there will be no difference in trading and gambling. Well in most of the cases, new coins placed on ICO always been the main interest of those risk takers. Since it's new no time for research. Sometimes the run is succesful for those who take the advantage but sometimes it's not the happening. Yeah we cannot expect profits every time from altcoins as if you invest in wrong coin then it may disappear even if few days and if you don't take advantage of pump then you will loose everything. So for a serious short term trader, they will choose those alts that has been proven for price resistance in every manipulation. The risk here is more minimal compare to those persons who like to gamble at new coins placed on ICO's. That is certainly true, if indeed we want to get a pretty good profit then have to do short-term trading. For there are some altcoin which gives an incredible buzz in a few days, so if we know that altcoin is going to make us be someone good enough or rich. So, do something with the calculation. Because if you don't do this then it would be bad for you At this stage if I have to invest in any altcoin then I will diversify my investments into XMR,ETC and ETH as I am sure this three coins will not disappear so easily. Those 3 are somewhat have potential for long term because we could see that how it progress as of these days. Trading altcoin would also be profitable if you know how to observe and research to a certain coin but also its has also a risk on lossing up your money since as we all know that price of each altcoin is not stable. |
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I wouldn't risk it, because by the time she may use it, it might be a little risky as its' value could go up or down.
I believe that the price of bitcoin will rise in the future Keep bitcoins and make this like long term investment by bitcoins this are best idea i think. Yes, i Trust bitcoins will rising for the future. We cant really predict the price of bitcoin on the future it might rise or it might also fall in upcoming years since no one really knows the future because we are just humans but as we can see all the speculation of most people here in this forum they said the same thing which bitcoin would really rise up on the future and they believe on it. |
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Stealing anything that doesnt yours without the approval of the owner are considered as illegal or one crime. Even if it is just a miracle that you generate an address and has a btc on it the owner will still think that someone still his/her btc.
Legally, yes, they are the rightful owner, but the problem is you generate it and it's accidental, that means you don't deed something to steal it from his hand.. As long as no one claims it, it's yours, just give it to the owner if they have a proof that it is theirs.. OP and other forumite said that the odd is very high for this to happen..Besides there is no authority you could surrender it to... Op would have no choice but to get those bitcoin because he doesnt even know whos the owner of the said address. Well it might be considered as stealing because you got someones possesion without permission but still its only an incident , its better to get those bitcoin for sure you would benefit compare if you just let those coins stood still. |
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Share with us what's your main reason for buying bitcoins?
I will continue to buy bitcoin, for my savings, for the future of my soon to be family. I will use it for everything such as shopping, sending money to friend, and for growing it through trading in the exchange site. Most of us have the same goal or aim when it comes to our future thats why we save bitcoin as much as we can, as we can see that bitcoin price as of now is starting to rise up again which is a good indicator that bitcoin had the potential to rise even more and because of that our save bitcoin would really benefits us in the long run. |
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I wonder if you would jump into another cryptocurrency in case the Bitcoin price would fall to the bottom. Or what else would you do? Would you leave the game completely? Tell me I would leave the game completely. I dont even know how to take that first. How much I would feel down with that lost. I might get a lot of beer first. Drunk myself until I fall in my sleep. Then maybe the next day I could think of what to do. Lol, I agree with you that if that happens then initially we would not be in state of mind to decide what action we gonna take but I would like to give one more chance to bitcoin, so I will prefer to buy some more. no one would be safe if bitcoin price drops a lot in my opinion, i think that bitcoin price shouldnt be going down though to be honest We cannot be sure that price will always keep on rising as anything can happen with bitcoin, price may even go lower in coming years, so keep on buying and selling at the right time. Well that is the fact of bitcoin being a crypto currency. But if this is going to happen that the price of bitcoin is going to fall then I am going to buy a lot of it and I am going to take the advantage of it. Because I believe as long as there are users and buyers of bitcoin that is going to increase again because it already happened. You cant be assured of that bitcoin would rise again as it dump so hard that it goes to the bottom which means theres a problem with bitcoin why people sold all their coins for sure and also if that time happens maybe there would be a new crypto which would replace bitcoin in its place. Well its just my opinion. |
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bitcoin can help poor countries in collecting donations. because all what you need is an address and everyone from all over the world can send a donation in a matter of second. it also works fine in remittance because of the low fees comparing with WU
fees are lower with Western Union, but still high in countries that are very poor. some cents seem low to you, but this might be a days work in some poor country. what are you taking about ? remittance money are always sent from developed countries by a family member who wants to support his family. so instead of losing 10% of the money or more as fees for WU, with btc the tx can be sent with less than 2 cents as fees. there is no comparison You are right, bitcoin transaction fee is only small compared to WU and other remittances worldwide which is very useful when we intend to send money to our family and relatives and also the transfer time is also fast and convenient within a few clicks you can already transfer money without any hassle. |
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i am quite i greedy guy, i don't stop even i win alots therefore i start to lose.
SElf control, is important :/
we are all greedy in nature and nobody is excluded. the difference is in the control, some people control their emotions and not get too greedy but some others are going to give in to the emotions and lose their control over nothing and waste their money for no good reason. Yes, emotion control is the key for not being so greedy while gambling. Emotion control is only possible for a gambler only after certain time amount of experience with gambling. But,mostly gamblers will get exhausted after a long run with gambling so they do not have time to develop their emotion control capabilities. And even if you are good in controlling your emotion but you gamble with less money you will be desperate to earn in the long run once you experience winning, that is the reality as we all started to gamble for fun until we became ambitious and we want to make fast and easy money. Aiming for more money is just normal emotion when we are playing gambling even how many times we say that we are playing just for entertainment but the feeling would come up for sure when you are in the middle of the game. |
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Strange! Only this time I've heard there is a gambler that risking his wife. This never happened in my country. We could lose all our possessions because of gambling, but not with our wife, our kids etc. Everyone will curse him if he did it here in my county!
Thats really a rare story in which he stake his wife on playing gambling which is very unusual thing and maybe that person is crazy too much about gambling and didnt even think that he already bet his wife. I was really shocked with this thing. |
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Yesterday I earn in gambling is 0.1 btc
and today I lost 0.2 in poker and sport betting.
That is the reason why no one say exactly say if how much they can earn in gambling because if you win now you will lose again later and in place of getting profits you will pick up loses in it. No one could able to say on how much they can earn with gambling since you dont win all the time for you to able to calculate as expected we suffer more lose than winning which is reality on gambling field. You wont win anytime you may suffer also lose in every bets. |
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I don't have any story to tell but based on my knowledge gambling most of the brings you loss instead profits. So as long as you avoid gambling then your safe.
I do not think that it is wrong to gamble as long as you know when it is enough especially when you have a family. If you effected your family in a negative way because you gamble to much then I think it is wrong. yeah, if you have enough self discipline and self awareness on how you play gambling then there would be no problem at all and its not wrong to play gambling, the wrong thing would be called if something has been compromised regarding on your playing habit. |
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Try to remember the feeling that you have when you lose a lot of money on it and allow yourself to feel that despondency when you're having such thoughts about gambling again. Maybe this can keep you away from gambling.
But the fact, what ever bitter experience you will have with gambling, people do forget that so easily and keep on remembering only one thing that must be winning very big fortunes from it. So, your suggestion of feeling the depression of losses with gambling may work for one or two days IMO. You have a point the feeling of depression usually last only 2-3 days and further on that you would definitely gamble again. You can do stay away from gambling and it really depends on your self on how much you are commited to quit this thing and no one would able to help you from that. |
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I will not choose any of them cause in the long run you will only loose on both,cause both of them are risky it is better to save than gambling or investing.
It is risky if you don't have enough knowledge in gambling and investing, for me, when you compare the two investing is better than gambling because if you have enough knowledge in investing you will really earn money in a long run and you must really need more patience when you invest to become succesful in investing. lol even you need a knowledge to live , or you will just being fooled. knowledge and experience are the most important thing if you talking about investment , but in gambling you don't need anything like that , you just need a super unlimited bankroll , nothing else. In gambling experience is needed too, especially in a game of skill like poker, where you need to take decisions in just a few seconds. Well in gambling even you don't have experience, an expert or not or simply a newbie in it. As long as you are going to be lucky then you are going to win with it. It is a matter of luck so if you are not going to be lucky with it then you are just going to lose your money. And in investment you must be skilled and have enough knowledge but you are the one to able to make your own profit with it even you are not going to depend on your luck. yes i mean like that , even a random person can do gamble and won it. experience have no influence to you in gambling . but experience to make an investment are really needed , as you will know how to handle the situation when your investment turn to loss instead profit. there is a lot of factors. Yes.. People are gambling thinking they can play smart. That is a false idea, you can never gamble smartly. It's just luck... Whether you're playing with the so-called strategies or not.. You can still lose. So-called strategies are just ways on how to sustain your betting on the long game theres no such way that you could gamble with high percent of winning which is really impossible to happen. Investing is much better than gambling after all. |
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Sir yahoo as i saw on my post stats i wrote 10 in speculation its okay for me to be deducted and that 1 off topic i added it with other section post. Please do consider for my payment this week. Give me chance i only commited only one mistake and i wont do it anymore.
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I put about only 5% of my assets in Bitcoin because I do not want to risk all of my money by converting every cent of it into Bitcoin. The price goes up and down every day, and putting all of my money is pretty damn risky and I would not even try that.
I think putting our money to bitcoin is not a risk, everyone is now pretty sure that putting our money to bitcoin is now a way to get profit, everyone believe on bitcoin and there are a lot of people who even put a bigger amount in altcoin, then why to fear from bitcoin. It surely is a risk to invest in Bitcoin. It's very easy to say that when you start buying Bitcoin to hold it for the long term, that it will give you certain profits, but in that time a lot can happen. People can sell their coins in panic and end up losing a big chunk of their investment, or they buy at peaks where the price is only going down. Every kind of investment should be seen as a risk. Bitcoin is definitely not an exception. Thats the most common risk when you invest on bitcoin , thats the volatility of the price which doesnt even guarantee you that you would really make goods profits out of it. In every investment you must take the risk on lossing also your money because if you wont risk then you might not able to gain something. |
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The Chinese are all sleeping now, when they wake up in a few hours they could start buying again. The volume of Bitcoins traded has dropped significantly since China went to sleep. When China wakes and the volume picks up the price might pick up. The rise is not necessarily a whale making use of that news.
For Bitcoin maybe yes, I hear that China Bitcoin users also save with Altcoin like Etherium, Dash, and some Altcoin. I still optimistic that China users will wake up again and can increase for Bitcoin price. For sure they are also buying some other cryptocurrencies because they saw that it has also the potential to increase like what bitcoin did in previous years. Thats why investments have been diversify to other thats why it doesnt affect too much because they cant buy on huge volume unlike before that bitcoin was the only crypto that exist. |
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