I totally agree with this . The growing price of bitcoin is giving a hope to investors to get rich everyday .
If we compare from where this all started , bitcoin has come a long way . It has never felt drastically so far and that is why it is not bad to say that if one invests in it now he can be a millionaire in the future. The exposure , popularity and the exposure bitcoin is getting is the proof that it is going to make all of us rich very soon.
- This is true but that is just what happened in the past, now this is something that can not be sure because the price of bitcoin is quite high, I think it will increase in the future but not increase too much, so the millionaires in the future with Bitcoin, this will be a very difficult thing. Currently, investing in Bitcoin will have more risks, we should calculate and think carefully before investing, personally, I have stopped investing in Bitcoin, I do not want to bring my money to invest in a dangerous place, although I can regret in the future but the safety is above all Investing in this kind of busines its usefull and greatfull to every one. It can be a good future and can help our finalcial needs if we invest in this business no one people who suffer or being poor because this business is one of the people needs , even if you are in your home you can make money this is very usefull to all people who cant find a job specially to womens out there who lives as single mom or plain house , it can help their family for doing this, and some day they become rich . |
|
|
|
Hello everyone, recently there has been a lot of panic on this forum due to the big price change of Bitcoin (as it always happens). Understandably, many people are confused and worried as they have lost thousands in their value, especially if they have bought higher than the current price. But as someone who has been into Bitcoin for 1.5 years (not too long, I know) I want to advice to newcomers to simply relax. Huge price swing were always a part of Bitcoin, so there's nothing extraordinary here and the worst thing you can do is to make panic trades. Basically, there are two main approaches to Bitcoin trading - you either hodl it, meaning you never sell it until it reached "the moon", or you are actively trading it to get profit from volatility. So, if you believe in Bitcoin's technology and don't experience as a trader, I suggest you to not touch your coins - Bitcoin always tends to increase in its value in the long run.
You see this advise of yours is something that should be as sticky and what every newbie should know about. I am sure if I had read this and digested it with proper understanding, there would have been some decisions I would have taken differently but what we cannot do is change the past but we can correct our coming actions which is the future. Unfortunately, only a few newbie will take this as an advice while the remaining others will learn from their own experience rather from the experiences of others and it will be so disheartening to see someone fall despite all the various warnings and enlightenment such as this as we have it. We will continue to say our own, and wish they would listen. Just make your own experience to know bitcoin, because it much better if your doing it to yourself to understand it more. Read and research is two things to help you about bitcoin, you can also asked help if something you dont understand about this coin. |
|
|
|
Bitcoin is not widely known in our place (the Philippines) and not many folks use it. There are only handful of establishments which acknowledge and take bitcoin so its difficult to distribute the bitcoin understanding by means of community or daily use. In contrast to for other people, we do not have a bitcoin debit card or ATM station even though our local bitcoin wallet allows us to transact with regional establishments. The ideal way of spreading bitcoin expertise is by demonstrating how it is utilised and the rewards it brings.
When someone asked me, if where can i get money, then i'll tell them through bitcoin, then ask me again, if what is bitcoin and how to into it. I'll explain everything i know to them, like how to join in signatures campaign to earn, how buy coins to collect more of it and shew them a proof, then i will tell them to read and research to more understand it. That is my way to spread my knowledge in someone about bitcoin. |
|
|
|
It's not a religion, it's our opportunity and we choose the right way
Sometimes i feel regret when i remember the moment i refuse to used and not believing in bitcoin, when i first heard it. But its alright, perhaps is not for me that time, maybe i should focus on my bitcoin now and collect it as much as possible. And maybe someday i can get high profit and earn a lot of it. |
|
|
|
Of course, all chances are there and open, nothing perfect, the coins that now look good will be refined with another coin. but it seems like it takes a long time to replace bitcoin because bitcoin market cap is currently the largest.
None of the existing altcoins will have any significant impact on Bitcoin! This is whisful thinking. None of those will replace Bitcoin. The big money is moving into Bitcoin right now. With big money I mean the Wall Street and the institutional money. Bitcoin will continue rising like crazy. Most alts will act like penny stocks imo. They are mostly used to make more Bitcoin with it. They will rise in terms of USD. But most of them will continue to lose against BTC, with some up and down swings of course due to natural market behaviour. Perhaps because some of cryptocurrency had great potential to be next in bitcoin. Therefore some altcoin like maybe become second best to bitcoin. And for now,bitcoin will remain the digital gold that backs up the entire crypto-economy. And when the world sees Bitcoin doing well, other cryptocurrencies usually benefits, too. |
|
|
|
I believe that they're popular mainly because well it was the first of all cryptocurrencies to be made. Honestly most of the other coins are scams and greedy ways that the developers make money. The only other coin I can think of that isn't a scam are dogecoins! What do you think?
You said it in your first sentence dude. Bitcoin has that ultimate first mover advantage. Now it isnt always first mover that ones but the one that gains popularity. I believe a company before google started search engines but they werent as popular and as a result didnt take the cake. It is clear that bitcoin took the cake and is that #1 coin suffice to say it was because they were first that they reign supreme atm. I think the reason why bitcoin is the most popular cryptocurrency is because it is the foundation and pioneer among all the coins and besides due to its popularity then it was gaining more advantage in terms of its monetary value and security, and almost making millions of people around the world that are recognizing it and making bitcoin as their choice of virtual coins. There are many reason why bitcoin is the most popular cryptocurrency, i'll give 3 reasons why because of is not controlled by authority. Its easy to set up no questions are asked or no fees are taken. And because of its anonymity, users can hold multiple bitcoin addresses, and they aren’t linked to names, addresses, or other personally identifying information. And many more to mention. |
|
|
|
Because bitcoin has such great power in the world of cryptocurrency, and he is the first virtual currency. It is natural that people focus on bitcoin.
Because some cryptocurrency are not profitable and unknown to other people, unlike to bitcoin are popular and performing better than it ever has. since the bitcoin is the most original digital currency, also the first most known crypto in the worldwide |
|
|
|
Never trade, invest and HODL.
I think this is the real answer for the OP Because here we can see clearly what the OP made mistake in his trading . Usually people bought the coins at low price and then wait until the price of the coin increase and then after increase the price they sell with sufficient amount of profit , that is known as legimate trading in cryptocurrency . But here thread main post shows directly that OP have not much patience in the trading . If he will wait then surely he will make much amount of money profit . Here I myself wait for 777 coin to sell for 1.5 years and also I made 11 times the profit than what I invested and also in the same way I also invested in Digibyte coin for 3 months to make profit and also succesfully I made much , so here you can understand well that how much patience we need to make trading successfully . Here my suggestion for the OP is to have patience and investment in multiple coins , Because to have investment in multiple coins leads into profit always ( or already lower the risk of trading to loss ) . Its up to you if your going to take the risk to loss again. But for me maybe you should stop for a while and collect some cryptocurrency again until you a lot of coins, then try to trade again. And if you loss again, maybe you should study the market of trading to learn a lot in what the right thing to do, atleast you gain experience then you also learning. |
|
|
|
Well.. i think the best time to become a trader is right now, don't wait until you are retire from your job. Because becoming a successful trader needs time for learning strategy of trading until you get income from trading.
Sounds good suggestion have you put here. i appreciate your approach so much i wanna learn about trading but i don't know where to i learn it. if you have any better way to take this please drop here your opinion. Well in my view since your at higher rank now i assume that you know how to trade in a basic way, to become a trader it really need time to study because its not easy. Read some books, blogs, watch trading online and also attend seminars and training. There is a lot to know when you start day trading. Make sure you have a plan in place and know how to manage your risk. Before a single dollar is put at risk, a trader needs to have some idea of how they will make a profit. I think the best time is when you are ready to take a risk and before that make sure you have knowledge what you doing. |
|
|
|
Well it depends on what coins do you have. If you have the altcoins who have a potential for 3x you should hold them even if they prices are down. But if you earn some altcoins who are not stable and don`t have a value in real life that you dump them
Do nothing because maybe it increase again, but if not and continuously decrease then you need to do something to that. But i think it never happen because there are still a lot using cryptocurrency. |
|
|
|
there is risk, risk is inevitable in any investment, we have to accept that. I think investing most in bitcoin is only suitable for those with large capital, if we only have small capital, we should choose altcoin.
You have a point but what you are saying is not relevant to what OP is trying to know. Like what they said, there are many ways to earn more bitcoin. There are risky ones and there are safer ones. For me, trading is the best way. But this require a full understanding on what it is about. You need the right knowledge and techniques in order to earn more bitcoin. If you want to increase your bitcoin you need to buy, trade and invest. But doing all this are risky, so take the risk if you want more bitcoin. Also when you try to buy, trade or invest you should have knowledge when you start using them. |
|
|
|
I prefer to invest in bitcoin because as a main of crypto currencies bitcoin is more stable than its derivatives.
Beside it, bitcoin is a global currency with a wider reach without knowing national borders.
In trading bitcoin has been known and accepted earlier than altcoin
Right now bitcoin is still king, but I think ethereum will become no.1 in short order, and Ethereum is growing exponentially, while Bitcoin has reached its maximum capacity for now. Cryptocurrencies, like social networks, have extremely strong network effects. And i think both of them are good in investment. |
|
|
|
I sell my bitcoin when I was satisfied to the price of this in the market also, I sell only the half of my bitcoin when I have a lot of savings in my bitcoin wallet. Because I just want to save the remaining for the future value of bitcoin. so many in next couple of Month we may see even higher price so I will prefer to hold at a moment and will sell only when it crosses $10k mark.
I never sell my coin when its value is going down, maybe i will hold them for a while until the value is higher. But when someone sell them bitcoin i feel pity to them, what if the value is increasing even more?. So i think is better to hold it. |
|
|
|
a great time to buy
rather than selling
will likely rise again high
as it was before it happened
but if willing to sell because of doubt
just sell, if previously experienced a loss
I think it's not time yet to sell bitcoin even though now the price is very high, it's better to wait hardfork bitcoin finished selling the bitcoin we have.
This is the time neither to buy or sell your Btcs but to hold them instead. The price has fluctuated to a level of almost 7k dollar in return of single btc and has it has made the buying process impossible for majority of the holders. On the other hand, selling the Btcs only takes when people get panicked after a fork or so. This is the time to hold Btcs and wait for the next fork to buy some more because the price would ultimately shoot to more than 10 k dollars in the next year . Selling bitcoin isn't quite as straightforward as buying bitcoin, but i think is better to hold them rather than buy or sell your coins. Also holding them in long time make you earn a lot. |
|
|
|
Actually all trader ever feel panic when their prediction is out.
Actually i still stay calm if the price is in control line. But when the price dump and dump again, it make me panic sometime the ending is panic sell.
As much as possible i'll keep my self calm and patience because when you get panic you can do anything or make decision that you will be regret. So its better to keep calm and go with flow of market. |
|
|
|
I use to divide my salary for my monthly expenses and balance for savings what ever I saved from salary I use to invest that also not in one part of it in cryptocurrencies and part of it in trading so that the savings can give me a valuable return and should be safe side of all my investment.
That is good idea, even though to those have work they always divide their salary. When i start earning to bitcoin i've always divide my salary in two parts. The other half is for my saving and my expenses, the another half i'll put it in investment, so when the time for gain i'll can get profit through it. |
|
|
|
We have to adjust to the existing conditions. If we have a coin that has a high prospect then it needs to be done, but when we are not too sure then do not wait too long. I love to buy some new coin, but I am always selective because we are all betting on the quality of coin we have. if it's Bitcoin then I'm sure, so I do not worry when I buy a lot of Bitcoin because I know that bitcoin prices will always increase every time. Bitcoin prices have a remarkable increase and occur annually.
learning virtue of patience, If you can do that in this wild market, you can stand to make a life changing amount of wealth. All current valuable currencies with a proper plan will eventually rise in value. This process may take days, weeks, months, or even years. Not every investment will be successful, but patient investors will eventually be rewarded. |
|
|
|
For me as my opinion, it is so expensive because there will be an increasing number of members, it is acceptable in some banks. Although we already knew that it is world wide currencies that's the another reason why bitcoin is so expensive. Basically bitcoin give a lot opportunity in order to live and stay alive in this world. it is quick currencies.
Only the community bring this into very expensive, as it become highly in demand in the market-the more it will soared high. Of course, we are happy because a big chances of earning more profit as compared in the past days. And today's price, might attract more investors to take a part of this very fast growing investment. In my opinion if why bitcoin so expensive i think because of high demand of people and continuously increase in number who using it. Also its the low supply of bitcoin is the another reason why bitcoin is expensive. |
|
|
|
there is nothing in the world that everyone likes...the more - bitcoin is understood by very few people....there is always fear and distrust of unrevealed things...it is a normal reaction
Because some of them didn't know or they don't understand how bitcoin works, or maybe some of them are not interested to digital currency. Also they are into it because they think it is scam, the reason why their thought that because is exist only in online. |
|
|
|
What's your biggest regret about bitcoin?
My biggest regret about bitcoin is that I do not know from the first and I just know it now when bitcoin prices have risen already. that's my regret.
When i've never try to used bitcoin when i first heard it and ignore my friend when she try to explain it to me that is my biggest regret even though i'm used it now. I think if i didnt miss the chance to used it before maybe i have more collected bitcoin until now. |
|
|
|
|
Show Posts
