That was the most intelligent answer. When we know we can have bigger profits, then selling out an asset for enjoying a big profit or just a profit is not supported by me either. Crypto currencies are good for long term investment. Eric became a millionaire because he held bitcoin for years. He waited until spring arrived in the world of digital market. Everyone should be like you and him.

As we can see that different people and countries are releasing their own crypto currencies, it makes clear that the future of money is digital currencies. Like Mark has launched his Facebook crypto currency. If we do a comparison between digital currencies and paper money, indeed the first one is according to the present requirement of people and bitcoin is the best crypto coin that the world can have ever.

This is the right time to do for investing. The worth of has started rising and though it is a steady and slow rise, it looks long lasting. Many experts speculate about ETH going as big as $1000 or even more. This means it is the right time to invest. If you are interested, use the money you do not need in near future and let the investment stay for long. Such an investment pays off.

Don’t know if that’s going to happen  for sure, but if it does happen it will be a very good thing for the crypto community. Chinese who quit crypto investment due to it was declared illegal will get back to it again and that will drive the price to a very higher rate.

Not just only Chinese, there are people who even quit because they heard China is out, so these will also come back, and even people who haven’t been into this before will be convinced.

Wow, man you’re very right! These are  really the qualities of a real trader which can differentiate them from a gambler. Gamblers don’t care about anything that has to do with market trend or whatever, all they care about is just to put in money and take the risk, whether to win or to lose.

But a real and professional trader will always consider a lot of things before making any move. But not everyone is an expert, there are people who don’t know anything about the business and can make mistakes most times.

If you want to start trading, I will advise you to check your pocket and know how much you have first and also how much you’re ready to give out for this. You have to bear in mind that there are lots of risks involved and be ready for for it.

As a starter you can get in from $100, $200 to $1000 (best is to start with either $100 or $200 and test your skills to know if this isthe right thing for you. If you’re not able to trade with $100/$200 after series of training, then forget it, trading is not meant for you.

For where to learn things about reading, maybe you should check out strocktrader.com, they usually post things that has to do with stock trading which is the same as crypto trading. I will also advise you to find a mentor and also consider a paid subscription. Read books and articles, follow the market and be very careful.

If lack of jobs is part of having a bad economy, then the economy in my country is pretty bad. I don’t really like the fact that there are no jobs in my country, I know such is everywhere, but it’s too much in my own country. Young people will go to school, work hard and after graduating they will start facing unemployment. Some of them do end up becoming what they are not supposed to be, some turn to criminals and all those stuffs. You can get job easily if you’re connected to someone that is in politics, or maybe someone that is rich.

Hmm… well, that’s true. Bitcoin provides job for people. Before I got into Bitcoin I already had a job doing, Bitcoin is just like a second job now and it pays more than my first job, but that doesn’t mean I’m going to quit my first job… no, I will still continue with it, because it’s more stable than Bitcoin.

Bitcoin doesn’t really offer a job with a stable income, it relies on how hard you worked for that month, unless you got an actual job that pays you with Bitcoin.

Well, I have a little different point of view in this matter. Big idea is more important than big capital. It was the strength of idea that made Mark, Bill Gates, Steve Jobs and owners of all other giant companies as the richest people in the world.

Knowledge is power. Due to amazing thoughts, these people not only earned huge capital but gave jobs to thousands of other people. An idea can change the world.

These points come very early in gamblers life when their families become aware of their activity because they don’t want to see their brother or father in problem as their problem would be the problem of the whole family and they can’t bare these problems everyday so they think it is better for them to leave the gambler on the way he is going as there is nothing left to cure his disease.

Banks are old fashioned method for storing your wealth. People are really fed up of the services provided by banks. The interest rate that banks offer you is really negligible in front of the profits given by bitcoin and rest of the altcoins to investors.

Banks need to revise their strategies tremendously to keep their customers otherwise people will sooner or later leave banks by transferring all money into coins.

In my opinion, those who have grown addict to such an idiotic game like gambling do not have any brain from the beginning or they don’t like to use it because they think, it might reduce. Any person with even a bit of common sense won’t even think about wasting his money this way. He would rather give that amount in charity and earn some virtue. You are right, gambling damages one’s thinking power too.

Either you are an expert trader or you a newbie, don’t invest that money which you can’t afford to lose. This statement has been famous since the first day I came here and till now I read it somewhere. And this has an immense fact on reality.

People need to understand the difference between risk taking and investing over your affordability limit. Be vigilant while making such sensitive decisions.

You can surely make some very good amount of earnings once you get into the field of trading but the fact is you really need to be very much careful while dealing the things as this will have higher probability of loss of money too and that you really need to think for a long period of time before making any final decision. Stay determined and firm and that you will for sure be able to make some good money out of it.

Shortly, it is hard to be implemented. Majority of us want this to be practically happening but this would be ending as a dream. No one can replace fiat money with bitcoins. Reason is obvious and you already told it that people are not accepting new system.

They are calling it scam and many others are doing propagandas about bitcoins. It may happen after three to four decades but not in near future.

Only if people can put this at the back of their head and know that gambling is just to try your luck and as long as you are trying it, nothing is guaranteed the better. And in most cases, your luck will not even be there to save the day as even luck gets tired and need some rest once in a while.

I would rather still consider the subsequent loss anyway when gambling than expecting that most of the time the 1.5% will be permanent.

Normally, the meaning of gambling in the dictionary is doing something without knowing the possible outcome. If we all do, there is absolutely no way there would be stop loss, which is one thing I am pretty sure the whales (main market controllers) do not use since they are the ones who decide to direct the market the way they want. They are more like the house edge in this show, and they can never lose.

However, the only thing that makes it perfect than a normal gambling is you can still try to play safe with some skills and knowledge than someone who does not have.

Binance has really been awesome and with just their mobile app alone, I have been able to enjoy making use of this platform. It is good to keep having exchanges though, as that should bring in more room for competition and the problem most exchanges are having when it comes to being able to handle huge number of users.

Bittrex is also not bad, but the issue is always the problem with support these days, but they are at least still better than the likes of poloniex.

Exactly, there is no market that is not controlled anyway since we have the whales as well in cryptocurrency. However, every market like you have said cannot be predicted, but with the help of analysis which he said he has the knowledge of, I guess he should be fine.

Something a little bit worrying though, is how he could combine fundamental and technical analysis in Forex and still ended up flopping? Maybe he is getting a lot of things wrong and he need to understand that crypto is even more volatile.

I must say that he actually needs to be very much careful while deciding what to do of his investment amount which is though not that much high. You cannot go for investing in costly coins like that of bitcoin etc. if you don’t have enough of the money.

However, you can invest in coins like that of ripple, ETH etc. as they are less costly and can also help you in having some good money at the end.