Copy trading has been a thing for a while now; as far as I remember, eToro was one of the first(or at least one of the first successful ones) to have this feature on their platform. Can people make money through this feature? Sure, but they definitely could also lose money. Would I suggest people to use such feature? Hell no.
If you're lazy to trade crypto and just want to leave money, then just go with bitcoin. If you're lazy to do research on stocks and be updated on the daily, then just go with index funds or ETFs like the Vanguard Total Stock Market ETF(VTI/VOO).
|
|
|
Well if you consider Bitcoin as an experiment, then definitely it can fail.
I think it's quite reasonable to call Bitcoin an experiment. Well, at least when it started out. Though Satoshi might or might not have been really really confident with Bitcoin's success, it probably could've failed in it's first few months(though it obviously didn't). But yea, though I don't see Bitcoin as an experiment anymore(probably just partly), I'd say as time goes it's becoming a lot less and less experimental.
|
|
|
Just going to answer this for the less-informed readers: Pretty much a no brainer lol. Mining with my own machines of course, if I actually want to make money. Cloud mining services are either a scam, or NOT profitable. If I wanted to get scammed or lose money, then cloud mining.
Not sure why you're asking this when you're promoting a mining hardware site though. 🤔🤔
|
|
|
Bitcoin's effect to new tokens: since most if not all tokens are mostly traded against BTC, then when BTC rise in USD price, these tokens also rise in price in USD.
Effect of new tokens to Bitcoin: As we all know, pretty much 99% of other coins and tokens are either really really bad projects, or down-right scams. As more projects die out, it just sort of gives more legitimacy to bitcoin and it will slowly but surely show to the altcoin investors a.k.a. gamblers that only bitcoin matters.
In my opinion.
|
|
|
Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months.
Boy, you wish. You're completely underestimating the amount of people that would hoard up BTC if it drops under a thousand dollars, what more $100 and what more sub $1? the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately.
Who says bitcoin dropped in price due to the coronavirus outbreak in the first place? That's just a baseless theory. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all.
This part, I'm going to be 50-50. It might not be the best store-of-value today due to the heavy volatility and very low liquidity(compared to other bigger assets), it doesn't mean it's going to be this way forever. Remember, bitcoin is just 10 years old. You know why gold has so much liquidity and is a great store of wealth? Because it's being traded since forever! And were' already concluding that bitcoin is a failed experiment this early on? Nah man.
|
|
|
Need me some self-boosting confidence like that. Legit-ly. But brub. good shit ayo, and oh did you pull an Obama on yourself. DaveF: I did it Obama-self. sorry.
|
|
|
It's funny how an AI has something against Theymos. That's something that an AI would say.. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FeWVIgo6.gif&t=663&c=4_DjF72HoePA6g)
|
|
|
Another +1 for Bisq. Though LocalBitcoins definitely has better UI/UX simply due to it being a website and Bisq being a software you need to download and sync, it's the best option we have right now. Wish more people used it honestly; we need more liquidity on Bisq.
|
|
|
Personally, I'm for the latter because it's likely going to be the case. I don't much people think of bitcoin as a "safe haven" asset as of yet. But then again, we're just guessing.
I would be absolutely astounded if Bitcoin did well during a full on meltdown. It is a safe haven to some people, perhaps 1-10% of Bitcoin fans. Everyone else would be running for exits with their panties on fire. Pretty much. Heck, I'd even be surprised if bitcoin stayed stable in USD price if such event occurs. It's pretty safe to assume that the people who actually owns bitcoin as a store-of-value is a small minority; most are still speculative investors that would dump their coins once bitcoin drops a significant percentage.
|
|
|
Is the stock market heading to a crash and recession? Will Bitcoin follow?
A market crash/recession is definitely going to be interesting (though I definitely would wish this upon everyone for obvious reasons) concerning bitcoin's valuation because bitcoin hasn't existed yet when the 2007 recession started hence we really can only speculate for now. There are two sides here: - The bull: Bitcoin will rise in price because people will be moving money to safe haven assets.
and.. - The bear: Bitcoin will crash because people will be selling their bitcoin for them to be able to afford daily needs(food, sanitation, etc).
Personally, I'm for the latter because it's likely going to be the case. I don't much people think of bitcoin as a "safe haven" asset as of yet. But then again, we're just guessing.
|
|
|
1. If you're referring to Bitcoin, as long as one full node exists, Bitcoin will continue to exist. 2. Secure enough to have 99.9%(one incident in the past iirc) up time, and secure enough that no one managed to steal Satoshi's funds. 3. 🤔 4. 🤔 5. No one knows, but it doesn't matter now. We're at a point that Bitcoin is big enough that though authorities can illegalize the ownership of bitcoin, they can't shut it down.
|
|
|
No one knows when bitcoin will hit those prices again. It could be this year, or next year, or in 5 years, etc. If you're impatient, maybe investing is not for you.
|
|
|
Of course it's really not 100% the same thing. Some people just compare bitcoin to betting simply because like you said, investing is bitcoin is risky compared to other investment vehicles available. Why? Well, you could say that when you're "investing" or speculating in bitcoin, you're betting that the price will go up in a certain time span. It's pretty much just a small overlap.
|
|
|
I believe he said that because he was told to or so was decided by his circlejerk, we have few circles around here and it's noticeable how they all agree on a opinion then promote/impose it it.
I think you're pushing it a bit too far with the theories, as we literally have no way of knowing of the theories are true or not anyway. Buffett simply looks at things at a business perspective, not a speculative investment perspective. I thought it was obvious. Apparently not.
|
|
|
I hope people from my country would start learning how to invest on their own without giving out their money to someone who promises monthly dividend. As much as I have tried to educate people here in my place (where ponzi schemes is so rampant) about Bitcoin, but they don't have the luxury of time to at least listen to my advices.
A lot(or dare I say most) of people are going to learn the hard way-- by getting burned. Take a look at the 2017 bull market for instance. If anything, yes unfortunately a lot of people lost money to scams, but look at it on the bright side. A lot of people that got burned in 2017 had their biggest investing and internet security lessons.
|
|
|
The OP could be right, look at the Litecoin Halving....splat..that went down...
couldThe thing is, I'm pretty sure a lot of us here are aware that no one knows what will happen at/after the halving(short-mid term) in the first place. No one with a decent knowledge in investing is saying that bitcoin is guaranteed to go up at the halving anyway. In fact, I've said multiple times that the price could definitely drop at the halving(short term). It's just being realistic and not being a brainless perma-bull. OP's arguments on the other hand..
|
|
|
Government are reselling criminal bitcoins, Hackers are reselling the stolen bitcoin from Exchanges and the Rich, Flooding the markets, and are going to keep doing it over and over.
I'm pretty sure a lot of people already knows that this has been the case since pretty much forever. At least tell us something new, you're running out of FUD topics.
|
|
|
1. What do you want to know about crypto investments? Be more specific. 2. Buying low, selling high. How to know when to buy and sell depends really on the method. 3. It simply means you're allowed to trade that token on that specific exchange. 4. Such a broad question. It's like asking what makes one a "perfect businessman" 5. Depends so much on a lot of factors. But mostly, use-case. 6. Doing all of what?
Ultimately, remember that there are so much information on the web available for you right now. All you need to do is to do a quick Google search.
|
|
|
|