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I think that we should invest only such amount in bitcoins, which we can easily afford to lose. Risk is always present in all investments, but I want to advise you to invest in the long term.
I completely agree with you. It is important to watch yourself to avoid being reckless. Personally, I think it is bad to put all your money and commit them into multiple investments. It may be better if you put only a fraction of your money so you could still have some for yourself. |
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I'm pretty sure banks will also join the crypto currency world if fiat become obsolete (which i doubt will). They will do the same thing they do in banking like loans, savings, investments and exchanges. Maybe they'll also have their own coin and or wallet that is highly theirs. I don't doubt that even now, banks have stakes in Crypto currency.
Eventually, when the time comes where the Cryptocurrenciea have become more popular and more widely used globally, then banks have no choice but to cope up with what the market demands or else they have to shut down. In a digital age, I am sure that there is a possibility that fiat money will somehow become obsolete. |
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My ultimate goal with Bitcoin is to get rich by Bitcoin. I will buy and hold Bitcoin for a long time and wait for the price to continue rising and selling
That is simply the most common goal of every one who is involved with Bitcoin and any other Cryptocurrency - to get rich, and I do not disagree. I also want to become rich by getting myself fair amount of Bitcoin when its price sometimes fall. I want to start while I am still young and while it still is not very known to all. |
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Risk is always around us in every field,same as crypto currency has also risk factors one of them.but when a product take popularity, it will responsible to loose of risk. so think positively. ,
This is quite true in real life. You could not get anywhere if you don't take a step and then take risks. Bitcoin does not really always guarantee a success when it comes to investing since there are times when the market is in its low, but taking risks and not being afraid are the essentials in being successful. |
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Savings for the future should be planned wisely, because tomorrow will be better if we are financially prepared and stress free. Reserved savings could be subdivided too and place some for investment that has a potential of multiplying your hard earned money. Personally i will do that, save some and invest some of it.
your lifestyle is good. you think of current needs and design for future needs. you are planning a better future. i think same also. we must discipline manage expenses so as not to regret later That is how people should manage their finances, basically. Keeping all your earned money and savings in a bank account is just not that advisable since there are various kinds of investments available that could be committed into. Distribute your saving into different investment so they could grow individually. |
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Probably not, at this time bitcoin was still on the top so why converting it to ethereum if we are surely 100% to bitcoin that price will rise up. Do you want to convert gold into silver? think about that. Bitcoin still the king so dont lose hope be patient and wait for the bull run.
I think the previous statement made a clear point but I do not completely agree with it. It could be better if you keep majority of your Bitcoin and then convert the minority into different types of alt coins, not just Ethereum so if in case a specific coin drops its value, the others would not be much affected and you would not suffer too much loss. |
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Unfortunately in my wallet all the coins fell almost to the bottom. Of course , this is not surprising, because the market is now falling. But sometimes my hands go down, but I try to stay calm and believe that all altcoins can not fall constantly and sooner or later will go to growth. So I try not to make rash decisions and hold my coins.
I am doing pretty much exactly the same. Since the market is not as good as before, I am just keeping my coins and holding them until the market recovers and gets back to an upward trend again. I believe that we should not panic during these times and trust that we will gain the profit we are waiting for. |
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Yes it can use bitcoin for a troubled economy. If the government accept the bitcoin it will help the economy for the country also for bitcoin it gave more money and it will increase the price.
It is a good opinion, however Bitcoin, or cryptocurrencies in general, are volatile and changes their value every time. Relying on digital currencies will be risky for an economy. I could only suggest that it could only be used and only co-exist with the fiat money. |
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First of all find the good ICO, which have good idea, good team, good markenting and etc. When you find this ICO, try to find bounty campaign of this project. Bounty conditions important as well, but ICO success is first priority.
Do not just "find," but also take time to read about the team's past accomplishments and/or failures that could check their credibility. Read the goals and objectives of the project, and know if those will be all trustworthy. |
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Yes, selling Bitcoin at a reasonable price is not a foolish decision. The stupid decision you can make with Bitcoin is that you can sell your Bitcoin for a low price or during a Bitcoin dump. Your sales can be one of the strategies to get fresh money to start a new trade so it really depends on how the user stands.
I think that this is quite right. If you sell your Bitcoin at a high and somehow reasonable price, then you could not consider it to be stupid. It might be such a waste if you lose your profit when its price is high. |
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Yes it is. I'm also late in learning about bitcoin but I'm trying to learn about bitcoin and making bitcoin as a long-term and short-term investment. than not knowing at all about bitcoin.
With the way Bitcoin and other cryptocurrencies are still become more popular to few people at a time, I think it is still okay to get into this cryptocurrency world this "late" for the reason that it could still grow after several years. |
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I think everything that's said is true, but not necessarily 5 years all directly use the digital currency. we should also look at the development of the aspect of equity in every region of the country if the digital currency is for everyone. I view as a layman, the development of crypto to this day is very good, we hope there will be no obstacle in terms of the development of crypto
In my opinion, I think that Bitcoin and other cryptocurrencies will become really more well known to the majority of the population in the next five years. Maybe not entirely everyone is going to use them however, they will become aware of its good and helpful effects. |
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Personally I think Short term is 90% risky.But long term is good and low risky (I think 20% risky). So I think Long term is good above short term.
I also think that Long Term is much better than Short Term with that reason. Long Term may take a long while but just keep a close look at the market where your coin is going then you will be earning more than your initial investment. |
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We all cannot depend on just one coin.There are other brilliant ideas that need to be established with the concept of the altcoins.Altcoins are doing pretty well and some even have the potential of becoming the next great coins.
I agree. I think that you should distribute your finance into different factors that will help you earn. Concentrating into only Bitcoin is too risky. Altcoins are present so you could have options which ones to choose. |
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For some people it has already become the main source of income and they are fully depend on it.
I sometimes do not think of it as a business, however if you are using it and are involved in it through earning money, then I could consider it as a work wherein you do a job or activity in order to gain money. |
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A news from ABS-CBN, a Filipino Media and Entertainment Group.
MANILA - An investor who saw a 39,000-percent increase in his bitcoin investment warned on Monday that many cryptocurrency investment schemes right now are scams.
Emerson Fonseca, Philippine head of NEM Foundation, told ANC's Market Edge that since he started trading bitcoin 2 years ago, a lot of scams have cropped up because people don't understand cryptocurrencies.
What are your opinions?
You must know first about the coins you want to invest, much better if you invest on coins that are in top 10 or maybe up to 20 on Coinmarketcap, most of them are worth especially for long term investment. Especially bitcoin and ethereum still the best coin to invest. Basically, a person that wants to invest in Bitcoin should understand that Bitcoin does not guarantee an increase in resources. There will be times that its price will fall. With regards to scams, that person must read more to avoid being deceived. |
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6 Things Good and Bad You Should Consider Before Investing in Cryptocurrencies.
1)- Potential returns can be massive.
2)-Inexperienced teams. I mean to say Bad Experience
3)-Liquidity
4)-Technical difficulties
5)-Transparency
6)- Security
I recommend using a cold storage wallet that lets you control your private keys. Your private key is what allows you to access your coin on the blockchain. It's best to keep this key offline and in a secure place.
Investing in cryptocurrencies is very risky. The markets are volatile and the technologies are still quite young. However, they are still a great opportunity for anyone interested in investing. Treat them as you would any investment and please do your own research.
I agree on this, but the most important consideration should be the working behind the project. Make sure to check out the credentials of team, the previous work they have done and background of the team. If the team is actively working on the project, it surely has a good potential for growth abd development. The success of the project is all dependent to the team, even the project is so good it is useless when team is not well working. I completely agree. It is also important to perform a background check of the team. It is important for the reason that it could help you check their performance through time whether it is good or bad. If it turns out to be bad, at least you have become aware of the things (or some things) that you do not like. |
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Cryptocurrency will not replace the fiat money because the fiat money are backed and supported by the government and that is the reason why we can't expected that cryoptocurrency will just replace the fiat money because it is not also a stable currency since its market is so volatile and not the best for pricing.
I completely agree with the statement. I think both fiat money and cryptocurrency will just co-exist, and one will not replace another. The one is as important as the other to the people who makes use of it, especially for a living. If cryptocurrencies will replace fiat money, its value will never be stable for the reason that the market will always have a change in the demand. This will definitely cause trouble for a country's economy, if in case it happens. |
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Bitcoin is expensive because of its popularity and high security. Nowadays, the demand of people using bitcoin is increasing, in fact bitcoin really brings many benefits in life and is a stable economic source, long-term investment, I hope the end of 2018 bitcoin will reach the value of $ 25,000.
Bitcoin has a value because of the market. It is a demand of people, therefore the limited supplies are being shared by the always-increasing demand for it. It has increased its value for the reason that back in the days when Bitcoin was still new, only few people patronized it, but when it became well-known, a lot more people have come to invest their money into it, hence increasing the value of Bitcoin. |
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bitcoin basically doesn't have a central that manage all transaction like the central bank and i think government doesn't like this because they can monitoring and manage about the transaction in their country, which is they can't give tax to the user of bitcoin and anything else.
I agree with the statement. Banks do not like Bitcoin for the reason that it is something that they could not operate. They could not gain anything because Bitcoin is a separate currency which is not regulated by the World Bank or any other government branch. |
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