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I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.
maybe we can learn to use a trade simulation, without using real money, so we avoid real losses, we can do some breakthroughs through a trading scenario, buying and selling bitcoin is very risky, so before trading we have to prepare ourselves, if we start too do not use money excessively. |
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Not necessarily but also keep in mind that not everywhere in the world do people have internet!!, also some people in this world will NEVER be able to afford internet, making crypto useless to them!!!
every country has advantages and disadvantages, there are countries that have very high internet networks such as developed countries so they can already use bitcoin in each of their transactions, but there are still countries that do not have adequate internet connections, so that citizens cannot using digital currency, and of course banknotes are still very much needed, digital currencies or bitcoin will have different users than fiat currencies. |
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to me it must be legal, as most of the people have created their own currencies, but to apply it in a state then it depend on the policy of the state, i think in most of the state it will not be legal to introduce a new currency and encourage people to use it for their shopping and in business also.
making new crypto does not violate the law, because crypto is different from fiat money that must be controlled by a country, crypto currency will only be used for certain commons, so it depends on the level of communication we have, because if it is to be used by a small community then we will make crypto new also in vain, we better follow or use crypto now, for example, bitcoin, which has been recognized worldwide. |
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If you are good in trading, then this is the right time to trade bitcoin because the price is very low and it is fluctuating good. Considering that bull market is coming.
maybe the current time is not right for trading, but the price that is going down is very appropriate for us to start buying, the right time to invest, try not to sell if the price has not given us profit, indeed mastering time and can see future price potential the key to success in trading bitcoin. |
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Its a good point that the younger generation will adopt bitcoin more but we
cannot discount how many "older people" will and have adopted bitcoin.
People who have been working a day job for 20 or 30 years and feel they are
not going anywhere financially. People who see an early out of the daily routine.
of course the younger generation really likes something new, especially relating to the latest technology, bitcoin is one of the most modern payment technologies, this is a challenge for young people, while parents tend to be monotonous, not something new, so bitcoin will be dominated by the younger generation, which is certainly the future generation. |
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I have to hand it to you, you gave an effort on doing this on giving a solution for not paying income taxes for your crypto earnings but you are forgetting that double taxation avoidance on the word itself just removes the chances of a person on paying the same kind of tax by different countries. So even if you won't be having taxes in UAE you still have to pay taxes on the country you are originating from as a resident citizen and that's including the 115 countries they have with agreement with. Your solution doesn't really solve a thing plus it is not affordable for a lot of people.
in any country, all types of businesses will definitely be taxed, so we don't need to avoid taxes, because in our country if people avoid taxes, we can be sure that the business being run is a business that violates the law, because only businesses that violate the law fear tax, because they are afraid that if the illegal business they do will be caught by the authorities. bitcoin is not something that violates the law so why do we avoid taxes. |
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I think that this rising is temporary, maximum it can get $ 7600 - 7800 and soon it will go back (down) again. In my opinion we will be in flat during whole this year.
the market is not passionate, because the increase that occurs is very unstable and tends to be momentary, this is like there is a big game in trading, maybe there are big traders who want to profit from very sudden and momentary price movements, indeed bitcoin has not been received in all countries, but extraordinary potential in the future can be a special attraction for large traders to be able to master bitcoin in the future, by making prices unstable, they can buy cheap prices to save, because they know that in the future bitcoin will go up again. |
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I'm not even sure whether this is a bad or a good thing right now but this is definitely unusual and I have never seen it before even though I have been in the crypto scene since 2014.
From what I can see the development (Lightning network etc.) is more active than it ever was, so shouldn't that give a little boost to the price at least?
bitcoin has always risen since it was first created, but now prices are falling and long periods of time have not shown good change, this does not mean a bad market but indeed the world is not good enough, especially after the Chinese vs USA trade war, this very influential on business people throughout the world, this also results in a sluggish bitcoin currency on the market, but things like this usually last not long, because all traders will rise from the fall. |
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Just think about it, we as citizens of a sovereign country we want our own identity, we are proud of it. In cryptocurrency the government like the idea but the fact that they can’t own it, is a big deal for all of us. That’s why most of the time they’re debating on it not because it is bad economically but because of profits sharing. They want to have they’re own to monopolies the money or crypto.
the authorities of a country would want to monitor the movements of their citizens' currencies, so the government tries to be able to control bitcoin in their respective countries, if a country does not approve bitcoin as a payment tool then the government still has difficulty monitoring bitcoin on the market, the country certainly wants get added value from bitcoin if used in their country. |
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Pretend that all the fiat money in the world is gone and the whole world is only using Bitcoin. Ignore scalability issues for this scenario.
I'm sure most of you know that most money is actually created by banks through fractional reserve lending. Our economy is stimulated by people constantly taking out loans to make purchases. But with bitcoin you can't loan money that doesn't exist. Maybe we would have to change our consumerism as a society and prices would drop. Being able to borrow money easily makes everything rise in price. What are your thoughts?
I think the price goes up because demand exceeds the supply of goods, this is an economic principle, but all can happen because there is an ease in paying, for example the credit system is always provided by the bank, so if the convenience is removed, then the purchase will reduced, this caused a decrease in demand, and resulted in an abundant supply of goods, and then we all knew that the abundant stock demand was a little, the price would also drop, something like this could happen if bitcoin became the world's single currency, because bitcoin does not provide credit services. |
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Yes, it is legal in most of the countries. If you are liquidating limited coins, then there should not be any problem. But for the transaction of huge amount, you might have to follow local rules and regulations.
there will be no problem to exchange bitcoin, as long as the amount is still reasonable this is still not a problem, if the amount is not reasonable and too large maybe we can report to the bank that our money is not a crime, accompanied by legal data, all it won't be a problem, so bitcoin is legal, including exchanging it into a country's currency. |
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what has changed apart from the price not going up?
absolutely nothing!
bitcoin is still the same decentralized currency that works permissionless and boarderless. it still has the same cap which makes it scarce. it is still working fine and the adoption is ongoing. so why should I change my opinion about something that has not changed?
price isn't all bitcoin is about! price is only a small part of it. and the short term price is irrelevant in the bigger scheme of things.
the success of a business depends on trust, so I believe that bitcoin is money in the future, so stay focused on every step more useful, we must ensure that in the near future large countries will open up to the bitcoin trade, and in the future large countries can facilitate bitcoin trading. |
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I am not selling.I am holding but I don't believe there will be a bull run in the foreseable future.I personally believe that bitcoin will go 5000-6000 for at least a year or so.I am content with that.I believe this will be an opportunity for the market for a better growth.
it takes souls who always think forward, really the downfall makes all stress, but we must always see the positive side, if we buy from a low price, then we can still get a lot of profit, because there will still be price increases again, very likely we can get profit if prices start to stabilize. |
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of course fiat is necessary. because fiat is more or less safer currency comparing with other alternative currencies such as crypto currencies. they are mostly backed by governments and also easy way to make payments.
Fiat currency will always be needed, because the bitcoin currency cannot meet every need of the people around the world, the bitcoin currency clearly requires technology that is always related to the internet network, while not all regions in the world have internet networks, become fiat currencies or paper will always be needed, especially in remote areas, and in traditional markets, maybe in the future fiat currencies can complement each other with alternative currencies of bitcoin. |
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In the recent times, what we see when people say: buy the dip is another dipper dip and when one buys that, it goes to the dipipit. Truth be said "It has been a very bad year for the Crypto" It keeps failing like no man's business without any concrete explanation. I just hope all the positive predictions about the bull run in 2019 comes into force otherwise, many traders are going to quite and many more projects will just die.
we can create positive sentiments, one of which is to encourage bitcoin owners to want to use the bitcoin they have to transact in every trade, because by starting a lot of bitcoin circulation in the market, it is expected that there will be lots of bitcoin demand, this can drive prices, and always socialize to all types of trades to want to use bitcoin as a payment tool, this if implemented it will probably have a huge effect later. |
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Nobody can confirm that. The big increase was only in December of last year so, it doesn't happen every year. There's no sign for increase as it was the year before, no possibility for increase.
do not think negatively first, because the world of trade is very fast changing, the potential to rise will always be there, even if the scale will not be the same, but at least expect that change is needed, because the price of the bitcoin currency is strongly influenced by the sentiments of players who buy and sell and the big owner of bitcoin, so prices will be greatly influenced by us. |
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I totally agree bitcoin/crypto changed my life forever. Just to share my story because of this I was able build my own house. I am not doing this as my full time job but before I planned to do it however when I saw the volatility I changed my mind. Not only financially because of this industry I learned a lot about economics and business related subjects and as I move forward I will not stop.  This is one of the real results, and is worthy of luck, because not all bitcoin traders, buy and sell get the results and are lucky like you, indeed, all of them need totality in trade, but things like that are very difficult to do in our country. because the government still does not provide access and legality to crypto currencies, so for us the bitcoin business will be done in stages. |
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Yes, I have never heard that someone got arrested for selling bitcoin. In my country, there are still no regulations that are implemented because bitcoin is still unknown to many of my citizens so at this moment selling bitcoins is legal.
selling bitcoin is not against the law, maybe even in any country, which is sometimes a problem usually moving to a certain bank and with an unnatural amount, this often raises the suspicion of the authorities, but things like this are very common, because the authorities must will always monitor big money movements because of anticipating money laundering, or other criminal acts, but the point is that exchanging bitcoin is legal. |
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The important thing we should do now is hope, waiting for the future bitcoin will come back strong. Do not sell all crypto coins at the moment as you may lose money and make the market worse.
true traders will never be discouraged, always think positively, because where there are difficulties there will definitely be a way out, so always thinking ahead is very necessary in trading, bitcoin trading is very needed a very strong soul, not easily discouraged, see the development of methods payment in trade between regions, required speed and convenience in making payments, bitcoin is very suitable to be a payment instrument, it can be ascertained if bitcoin becomes a tool to pay for the future then the price will be stable and will experience good strengthening. |
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Trading bots have reduced the stress in trading. They are made to recognize trends and automatically execute trades thereby reducing the stress for traders.
since we started entering the world of commerce, we are very ready to profit and ready to lose, so whatever will happen will all depend on our accuracy in trading, if there is a bitcoin trader who feels stressed then it is advisable to stop trading, because bitcoin trading is the same gambling, because we already know very well that bitcoin is very easy to change, so enjoying what happens this might make us feel calm. |
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