I don't think there's a minimum amount to start trading at all, you just have to at least be able to keep up with the minimum transaction amount in the altcoin exchanger. But the smaller your capital is, the slower your money will grow and the smaller your profit will be.
You can always buy some bitcoins from exchanger if you don't want to start small. However, if you start small, once you start to get a lot of profit from trading, you can look back and be proud that you started from a really small amount.
That's for sure and the purpose only of starting a smaller amount is just to try and to learn at the same time. When you mature in trading, that would be the time to get serious and put a decent amount of capital to be able to earn profit as you desired. |
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Among his many campaign promises as a candidate for the US presidency, Donald Trump has also been promising to close the US markets for the Chinese goods, at least partially. That, according to him, will help restore American jobs that he accused China of stealing. If he ever lives up to his promises and actually does something to that tune, it will certainly cause further devaluation of Yuan, the national currency of China. But the Yuan devaluation seems to be one of the primary drivers behind the growth of Bitcoin for the last two years, along with the reward halving.
What are your opinions on the consequences of his economic policy in regard to Bitcoin and its price in the long term?
First all I have doubt if Trump can deliver on his promise as banning Chinese products will gave lots of economic effects. Second bitcoin is independent of most economic moves and I don't think any such decision will have much influence on bitcoin price Banning chinese people has will effect to a bad economy, china are progressive now and they are going to compete with the US. I guess even the bag holders in bitcoin are mostly chinese and that is because my analysis is they are also having a big mining business. |
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Bitcoin can be regarded as an international currency based on its coverage. I believe it is used globally even though it is not recognized by the authorities. My own country declared it illegal a few months ago. But they have now realized that it is gaining popularity and therefore they announced that they are planning to put up regulations on its use. Once this is done, I think it will be one of the few countries that will recognize bitcoin and accept it as legal tender
In some countries, you can use the bitcoin to buy things without any problems. In some countries, you cannot. It would prove that bitcoin is not that popular, bitcoin is widely use in the crypto and if I were not mistaken it's popular in bitcoin gambling sites as the demand is increasing due to the fact that there are a lot of gamblers in this world and bitcoin is good for gambling. |
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Well I can say that bitcoin has changed my life a bit because I'm now bitcoin addicted and on of the most first thing that i do in the morning is checking the bitcoin price and then reading the news about bitcoin and other altcoin,. Also I have learned many new things about bitcoin and about blockchain, the concept how it works and yeah it affected my life physically
The good thing is bitcoin has taught economic aspects to all the people who are using/adopting it. My colleagues are eagerly following all the bitcoin related news and events very carefully to judge the bitcoin price levels for his trading and for long term saving. Bitcoin definitely has brought miracles to many peoples life of our generations. Yeah, and they are about to witness the power of bitcoin in the future. It's not yet popular today but it's growing it's adopting and will definitely going to be popular in the near future, not only for us who live in crypto but for the masses and the entire world. |
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For me it will take a very long process but we don't know if it would really happen. But i see future that the time will come as years passing by maybe every decade because the progress of technology is approaching faster, almost everything is possible now so maybe again the paper money will be replace by a digital currency and what we have already now ATM, credit and debit cards.
It may but it will take a very long time as you've said. Perhaps not in our lifetime but in the future. Though now there are a lot of alternatives now for paper money, generally it still is the one most used for simple expenses and other necessities. Bitcoin can have it's own paper money but the big question is, who will implement on the laws to be followed. Paper money is a legal tender enforce by the government to use for their people so it's more secure and more stable in the long term. |
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Seriously people do such things ? Really very much shocking to me. I mean what can be more desperate than selling your self respect online for the intention of earning some dollars. Very bad in my opinion. I think before even thinking about such things, I would sell my house and prefer to start living again rather than doing this. Though times will come that we are in desperate need of money but still not right to do crazy things. You will lose your reputation and if you are a lady no man will respect you when they see your nude pictures. I guess it's okay to make everything to get out of desperation but making a sin is not good. Yeah! There are many ways to get a money when you're in a desperate situation so there is no need to do reckless thing like that as you will lose something more valuable than money. This kind of things is just taking it too far cause money is important but it is not the most important. If you just look for it there will be a way When you're really desperate in need of money, there will be a point in your life that you will do such crazy things just to get it. I also experienced it and when every time I think of what I did in the past.. I just laugh and tell to myself what a crazy man I am. Lesson learned - we earn money in a hard way, so spend it wisely. Lmao  I've been through that situation before that I was wondering how could I get such amount of money especially those time when I really needed it because there's a quite number of debt and bills that I really needed to pay and stuffs that I needed to buy and I have no choice but to just stare at the sky and waiting for a miracle and I realized that I was looked like in an insanity . Hahaha but thanks to myself i've never done crazy things as that . Your desperation of money still not an excuse to do crazy stuffs especially if that's illegal. You will have to suffer the consequences even you solve the problem, and the worst thing is you have to face a bigger problem and you might end up going to the jail. |
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I have not really bought any bitcoin in a while, i have been mostly trading this last year. but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge. they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on. this is seriously restrictive to anyone wanting to get into bitcoin, like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off.  It seems that some exchange are requiring some identification before buying a bitcoin. It can be a good part for them so that they would know who are their customers and can be used in future purposes. But in the part of customers, this is hassle. And have you ever tried to look for some exchange that doesn't require those things? Most if not all exchanges require that since they are applying KYC know your costumer policies that banks are also forced to comply with and even if you found an exchange that did not require it I will not trust them that much. It is a good initiative that some of the exchange sites are doing this but the thing of bitcoin's anonymity will be gone. Because that's why many are using bitcoin because there is no information required for each transaction. And this is kinda awaring for getting their customers information and making themselves like bank. Sooner or later they will be regulated by gov't. They do not have any choice but to comply otherwise their business will be compromise, we just have to accept that otherwise we cannot transact also. In addition, we need to trust them to keep our information private otherwise they can be sued for unauthorized revealing of our information. |
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Yes betting on lottery is gambling too. And one of the worst gambling games, you have very few possibilities to win. With State lottery it seams more legal, but the odds to win are very low. It only depends on luck, there aren't skills to win lottery games.
Its really considered as a form of gambling because you do risk your money in able to win by buying tickets. 1000 tickets already considered as lottery addiction for me same as other members said here. YOu are forcing yourself to win the jackpot. Yes lottery is indeed legal on a certain country and you are right winning percentage is very very small which means you will need 100000% luck in able to win. Wow! 1000 Tickets? You are getting serious in gambling here. I don't think that is a good approach in lottery, you just have to rely on your luck and not to beat their system, for sure you have to understand that our chances in lottery is very slim, hence we need extreme luck to win. |
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Yap, this is why I say investing in Casinos is not like cloud mining, it comes in waves so you have to be really patient. It takes take to make some money. However, loses can come into waves too, do not forget that.
Yeah its far from cloud mining, since cloud mining or mining in general there is no guarantees. But with gambling investments the math is there in the the house always wins in the end unless someone gets luck and destroys the profit. Cloud mining investment are mostly scam, investing in gambling sites are legitimate as you know the game here and you can study on your chances, of course by knowing the reputation of the gambling sites where you entrust your money, it's also important that way. ofcourse , mining sites are scam only . After the scam of hashocean everyone has no believe on mining site , So investment in trusted casino sites are much better than to take risk at mining ( cloud ). Here i will suggest to invest in moneypot . You could also try to invest in bitvest if you want some good, reliable and trusted bitcoin gambling investments. And so far there are a lot of investors already and if you will check the bankroll of bitvest it seems to be that many are trusting them. Chances of collapsing are very few so this will make you some decent profit. Any site as long as you are convince that it will bring you profit, to make sure you will minimize the risk, just do diversify your investment and for sure you will be guaranteed with profit. There's nothing to worry as gambling industry are so profitable on the side of the operators. |
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For me, it is better to invest your money rather than to save it. If you will save it in the banks, you will only earn 1% or less interest per annum on your savings. If you will invest it, your money can become double or triple in a year. But of course, there are risks when investing. You might lose all of your money if you are not careful enough on what investments you will do. You just need to conduct and thorough research and feasibility studies before investing to find out if your investment will be profitable or not.
I wouldn't say that it is better to save or invest because for me, they are just both good type of investments and since we are in bitcoin. So, while you are saving bitcoins you are also investing at the same time. And this is much better in the way of getting profit because you just need to wait for the price to increase and you will get an instant income. Well, if you can do both then very good but if you do not have the capacity to invest you must focus first on savings. You can always do it as everyone should learn how to save first before going to some kind of investment, it's a training ground for you to instill discipline upon you and for you to have a bigger chance of success. |
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If I was rich I would stay gambling, due to the fact that its easy and also nice to do, I think that gambling is fun and enjoying so why not.
A rich man should enjoy himself right ?
you're right , every person should enjoy in any way that they want to enjoy . if it's your passion then you don't need to hesitate you should live your life the way want and especially if you're already rich and gambling is your passion and you find yourself enjoying every time you are playing but make sure that you are still in control because there could be a possibility for you to get bankrupt . As long as the person doing it enjoys it then that is fine but the rich must be especially careful because they have so much money that they could end up ruining their life if they become addicted to gambling. That won't happen easily with rich people, because rich people always gamble without fear as they have good backing which is key for the easy winning. More the fearless more enjoys the events and have fun. Yeah, because they can afford to lose what they are gambling. Also even if you are not so rich, you can still gamble what you want and you will not be able to feel the fear because you are consistent enough with your goal which is to gamble for fun only. |
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I think at least you should have a capital of more than 0.01 BTC, atleats minimum 0.005 btc, because if less than that, I'm sure you will not feel a big profit dude
You can even start at BTC0.001 if you still in the stage of experimenting in trading. Start with the minimum since you are not good yet and you might lose, you can lose that amount easily but be sure you are getting the lessons you should get. |
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I was thinking about this, what if the US Dollar crashes like speculated by many renowned economists around the world?
What will be it's affects on the beloved currency, BTC?
If us dollar crahes there will be a lot of opportunity in on its neighbour country. Like the value of our local products might have a higher value and at the same time there will be much cheaper value in foreign products But I am not sure USD is going to crash because current impact is going to end very soon as we have some good and positive feedback from Newly Elected President its not happening first time its already done before this because Election is running for every four years so its usual effect The reaction to the new us president is actually mixed . Some love hime, some do not. But I do not think that is enough to crash the dollar.it may fall down a bit, but it will bounce back. People should accept the reality that trump would be the next president, I do not think dollar will crash that is not what trump had promise in the campaign, according to him he will make america great again. So I am expecting dollar to be more stronger. |
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i like using bitcoin much insted of cash there are plenty of reasons some of them everyone know like milletry grade security and privacy but i like the most is its transparent network , anyone can see anyone's balance or anyone can sew fron where a user recived or sent their bitcoin which are not evwn possible in banks
Personally, I don't like the public seeing the complete balance on my wallet. Also, the feature of knowing where coins go and who receives them totally gives off who you really are. These can result in giving away your identity especially when cashing out bitcoins. Who would want?, that would give a threat to us, we have to preserve the privacy and that's why rich people does not fully put their money in the bank as even bank employees trusted enough to keep our information can divulge it for others and we do not like that. Investing our money than saving in the bank is way better and by diversifying it, they would not notice how much is our worth. |
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The future of bitcoin economics depend on the people using it. If we start fighting against each other, we might end up giving bitcoin a worse name. It already has a bad reputation for being used in deep web markets right now. We should continue supporting bitcoin and once the majority of people are using it, the price of bitcoin will increase. We will have new members in the bitcoin community and we would even have a much higher bitcoin price.
Exactly, and what we have seen now is that bitcoin has a lot of users and it's increasing and by that reality we are growing regularly and will continue to grow in the future, the future then is so bright for bitcoin and we should also benefit by investing our money in bitcoin. |
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Maybe we can apply the saying, "Don't put all your eggs in one basket." in here. Invest some of your bitcoins in the hot altcoins and then keep an eye on the market of that coin. I don't recommend investing in cloud mining sites for obvious reasons but if you really do want to do mining, then I suggest that you buy your own mining rig. You can also invest in new gambling sites and startup projects.
It's the basic standard when it comes to investing, even how good the investment is and we are too confident that we will succeed it is still good not to fall with our emotion. It's like gambling that we bet on the heavy favorites as we think we will win but really not. |
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Gambling is addictive because when you win the "reward" will make yourself happy thus making you bet more but even if you are losing ,your mind is overtaking yourself to think that your still in control of the game even if its not. It is like drugs that when you use big amount your body can tolerate it and it is the same with gambling when you always gamble its hard to stop your mind will find that chemical or thrill when you stop and will cause a withdrawal.
I think so it's really hard to understand for addictive person to make on losing streak, actually mind always say that we can make comeback and will get succeed to take back all of our loses from that casino, this behavior indicate about addiction of gambling. That's says money is the root of evil and according to a proverbs "greed gives rise to selfish or wicked actions" , wicked actions is when we know that we surpass our threshold limit but still trying our luck to win , after losing our mind will be foggy or not concentrated at all and our personal life will be affected as well. To be precise, not money is the root of all evil but the LOVE of money is the root of all evil things. And that is not even in the proverbs but in 1 Timothy 6:10 That is the people's mindset that if they gamble they can have a very big profit as they gamble but it becomes wrong in the long run. Instead of winning, they are recovering their loses that tends them to become more addicted. Wow! I thought we are just talking things about gambling addiction here, we are extending too much on biblical discussion. Remember that we do not have the same religion here it might create further discussion which would make us off topic. Please stick to the topic.. |
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I don't feel China would be affected largely as besides US, China's economy can be controlled by other international markets too but US does play an important role. I don't trust how will Trump manage to fulfill all his promises as mostly seem uncertain and difficult to achieve. When his win was announced, bitcoin prices rose due to USD and if China's currency is affected, it will affect bitcoins very badly.
I hope not dude, what is the basis of your statement that you say bitcoin will be affected badly. I think the recent news made the price of bitcoin increase so if we are talking here on how Trump will affect bitcoin, I believe it would be in a positive way. |
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I do suggest to do drow your bitcoin in trading i think is the best way to grow fast. Sometimes people they want to drow there btc in gambling but i think gambling is to risky for those who want easy money. Trading is risky too but not much risky than gabling so go to trading to increase that btc you have.
Trading could be a better way of growing our bitcoins but not for rapidly. When you are rushing with your bitcoin trading or alt-coin trading, you might some results similar to gambling for your trading. Strong research and right timed tradings will multiply your bitcoins to grow. But it needs lot of study and skills learned though experience. Otherwise, your trading my turn into gambling. Trading is always be a better place where to double and growing our bitcoin even you son't have a full skills on that just follow the flow even though your lossing sometimes but thats the part of trading yahhh it similar with gambling in gambling its too really risk. You can grow your coins by investing as well but the most popular is trading, it's good to trade as coins here are very volatile and we can take advantage of the price movement if and only we have the right knowledge so we can also use our skills. |
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Ive found the best way to manage my money is to put money into an account that if I want to save it, I would not have any sort of direct access to. It has helped me save quite a bit of money in my life so far. However for Bitcoin, I havent really found a lot of uses besides trading so whatever I make I keep  What do you mean you don't have direct access? is it saved in banks or in other investments? well, that would work if you are saving it in bank, but in investments, well, I have a doubt about that... But anyway, I think the best way is still budgeting your money and religiously following it...  I think the intention is to save the place where you can not access directly, so you'll be trouble to spending bitcoin to do and you'll avoid wasteful. and of course your bitcoin will be intact and if it persists you can collect a lot of bitcoin it was a brilliant idea dude Put it under time deposit so you cannot withdraw it easily, actually it's our emotion that is a traitor for us and will make us decide to spend on things that is unnecessary for us, and later we just realize that we do not need it anymore but our money is gone already. |
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