I heard about a guy in Moscow, who jumped out of the window, because he lost all his money in crypto investments and trading. So, do we have a new free heroin here? Is it possible to get addicted to crypto?
it is sad to hear the news but I think cryptocurrency could make us become addicting because we've always watched and checked the price and if the price is down too fast, sometimes it makes us become crazy and want to sell with fast. but if we can control our emotion then it won't be a problem to us and we still could trade or do whatever we want in cryptocurrency. I hope we don't have to lose our mind when we are losing our money and still trying to recover. You won't have to lose your mind if you know you're choosing right way for investment and you don't investing without strategy. Long term plan can take you few years to be complete and that time is the challenge to check your opinion. More times to wait more profit, it's my experinece  . |
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I always check this:
- Their technology
- Their team
- Their roadmap
The team is paramount, make sure they are all verfied from a trusted source, so chances for the scam will be low If you want to check a project is scam or legit, indeed, the team developments is very important. But it's just useful when you know exact information of them. If you just checked a fake information, you still invest in a scam project.  |
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The best trading strategy i think is to buy at low prices and resell at high prices for earn profit, it can be short or long term, depending on market price developments, no problem having to hold the coins in the long term if the coin price down as long as it still gain some profit
By reading a relevant information on how to improve your trading strategy, this would help you. Always put in mind that trading is a long term activity, you can make money in trading only if you are consistent enough, meaning, you have the experience and you have develop yourself to be a good trader. However, in my opinion, I think we shouldn't think ourself as the good trader, because on the market, not only cryptocurrency, experience is unlimit and the loss always available for those who forget it while earning many profits. Humble and trading carefully, you will always succeed. |
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Nothing is impossible. Some guys i know for long time has been trading Bitcoin since 2011 , till now he may have over 10.000 btc in his account.
Another guys registered for free lottery ( bitcoin ) in 2012.
Yes there are many earlier adopters like that. However do you really think they held all the way from $1 to $20000. Most of the people from 2011 and 2012 sold during the BTC bubbles of 2012 or 2013. Or they left it on MtGox Haha, I agree with you, not many people still keep Bitcoin when the price of Bitcoin reached $1,300 in that bubble. But maybe, those who sold their Bitcoin at that high price can buy Bitcoin again at low price when MtGox breakdown and the Bitcoin dumped to $1xx price range. They can be the whale, so, they know when they must to buy and hold Bitcoin, IMO. |
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Should we invest in altcoins?and why?which is better altcoins or equity shares?
I think it it is a good time to invest in the coins because the price of them are low and even some are lower than the cost so it is good to invest in them. Yeah now is a very good time to buy alts. While newcomers panic experienced traders buy coins with big discounts I also take this excellent opportunity to replenish my investment portfolio. Haha, although a lot of traders are losing money because the price of altcoin are dumping on the market, but honestly, I'm feeling great while I have many opportunities to buy altcoins at cheap price and take profit. Feel happy while many people are feeling so bad, boring, am I right ?  |
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Hello guys! I am planning on investing all my savings (12500$) in cryptocurrency, so I would really like to hear your opinion. My current plan is to split it in to 3 :
-50% bitcoin.
-25% ethereum.
-25% litecoin.
I am investing the money at the next dip.
Please post your opinion guys.
Edit: I should mention that this is for a longtherm hold, about 5-10 years
Sorry for my bad english, but I am better reading it than writing it.. :p
I think the best thing to do is to think before you invest. for me, it is not advisable to put all your funds and your savings to an investment. You should leave some for holdings and you should only invest amount that you are ready and willing to lose so that you will not regret it at last. Investing is like gambling because you rely on the probability of it to become high, it is quite risky depending on where you invest. We can not easily predict what is going to happen next so it always have a risk factor. That's right. Investment isn't a field to get money without risk. And investing all funds included saving amount is very dangerous, except that person can calculated exact percent profit after investing, else, that funds will lose all. But, I'm sure no one can do that and only the gambler want to investing all funds  . |
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When prices are falling usually bitcoiners do is to hold their bitcoin until the price of bitcoin is back. To those bitcoin savers this benefits to them because they can collect more more bitcoins.That will profit them a big amount of cash.They have a chance also to multiply their wealth. Bitcoin is the best way to earn money now. All people is curious what bitcoin is. They try to look for what bitcoin is?
For me, I never hold my Bitcoin when I know the price of Bitcoin will decrease. Why do I need to hold it while I can buy more at cheap price? Buy at cheap price with extra amount and same value USD instead of wait much times to get old high price I bought in the past. It also helped me avoid the situation take loss at cheap price. |
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Bitcoin, for now, is not suitable to become a national currency of any country. Bitcoin's value is too volatile so a product or service will always change in price with respect to the price of Bitcoin. Also, a transaction fee is there with every transaction, this is not practical in using in a daily basis. It will be hard for the government to control the scenario. So if a country will make Bitcoin as its national currency then they have to regulate it first.
Before a government consider bitcoin as a national currency, they must replace first their existing currency. And that would be a drastic change specially on the market system. That kind of change needs a lot of research and market analysis because of the properties of bitcoin that will surely make a remarkable impact in the economy. Of course, the government can't change the monetary system easy like many people thought. There're many people forget Bitcoin becomes the new monetary system still has many problems at current. Especially about the transaction fees and use without internet. |
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Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
I don't think bitcoin popularity will last for the long run if the price would become stable for its possible certain amount. The market will become dead and there is also a zero growth for the numbers of investors. And aside from that its popularity will not be as same as today but it will be taken by an altcoin which can have the ability to take over the rulership over cryptocurrencies. And this will be the totally truth about the rumor against bitcoin which the term "bitcoin is dead" Try to remember what the reason make the world be surprise by Bitcoin? Is the profit, the percent growth of Bitcoin? So, if the Bitcoin price become stable, only that time the government accepted Bitcoin is the primary currency or important asset like Gold can help Bitcoin won't be die. Other situations all make Bitcoin will be die by the community. |
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Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.
Soon I think it will grow faster ,bitcoin will be more popular ,Our economy turn into progress. Lots of newest technology are invented so it made our life easier and easiest transaction will happened. And this bitcoin becomes successful nationwide. I don't know Bitcoin can become successful project on worldwide or not, but I'm sure the Bitcoin technology - blockchain will be successful project and this project will create a revolution in our life. Not only the monetary system will be change by this technology, many fields will also change by this technology in the future. |
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You can travel from country to country carrying a lot of cash in your smart phones without anyone to notice it. The burden of carrying a lot of money is avoided but the thing is, not all countries or institutions accept bitcoin as a means of payment.
That is best thing if bitcoin will be accepted world wide. No need to bring a lot of cash or even your credit card, all you need to do is to have your bitcoin wallet in your phones and you are ready to go. Now your android phone is not only for taking pictures and tweeting out your every move but also it is also your travel buddy in terms of your money. Smartphone isn't a good hardware to store your cryptocurrency. You need to have a hardware wallet like Ledger Nano S or TRAZOR or a laptop to bring it anywhere and this laptop has wallet store cryptocurrency. The benefit of cryptocurrency is helps you skip many times for verifying from the government and global transfer money with cheapest fees, these things are the best benenfit for the moment if compare to cash, IMO Bitcoin is somewhat better than cash in some ways.Firstly the transactions done through Bitcoin are much more easier than the normal cash.For transferring cash you need to go to the bank and then do some procedures.But for transferring Bitcoins you just need to have a bitcoin wallet and you can transfer any amount of Bitcoins from one person to another.Taxes cannot be applied on Bitcoin so the person receives full amount of money.Bitcoin is also the fastest way to earn money.Investing in Bitcoin is also a good way to earn a lot of money and that too in a lesser duration. Agreed! So in my opinion, both paper money and bitcoin have their own importance. You do need to have paper money in your wallet for your survival as you can only buy the things which you need on your daily basis if you will be having paper money with yourself. However, you need to invest some amount of paper money and should go for buying of some bitcoins as this will later on help you in making an extra amount of money, in fact far more than your actual investment. At least during this time, the role of paper money is still very important in the life of many people, many countries. There're not much rich countries like U.S, Great Britain, Germany, etc. use credit card anytime. In my country, if you go to countryside, you never have chance to use internet and credit card |
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Of course it absolutely possible, the first thing need to do is the country doesn't ban bicoin, furthermore if the government can easily work together with bitcoiners. Well, thats just my perception and I hope it'will happens in my country. Actually we can do better if this happens.
Yes I agree. Bitcoin can improves the economy of a country. Like you said if they will not ban bitcoin and let people use bitcoin. Many people will benefit from bitcoin and will have a good life. Because of this, there would be less people who will have no job or source of income. I do not know what is the job Bitcoin can give us? Because Bitcoin is only a currency, a new payment method for the world and we are just working some task on this forum and receive salary through Bitcoin or Altcoin. You can not say these jobs are the Bitcoin's job, IMO. A currency but which helps to a new form of payment and transaction sentiments. Its not a job its only a part time of your time to spend after your real job outside internet or connections in forum, trading is a business like stocks. For improving an economy i can't further see what it will go but the nearest things are upon the regulations and how government will use it properly. First of all, this field won't create more money for the world, it's simply transfer money from trader to trader, from noob trader to professional trader, from small country to large country (LOL ). Like other markets, it has high competition and the volatility of this field can kill any newbie. |
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it is very difficult to say something about the timing. certainly the future in which bitcoin (or altcoin) replaces paper money seems tempting. However, most governments are cautious about the crypto market. Yes, the government must be alert to the presence of crypto, of course the government can not stop cryptocurrency if one day marketcap has reached millions of dollars, and I am sure that someday this will happen so that we must be ready to face this reality. Nothing is impossible, but ban cryptocurrency, it won't help the government earn many money through this field like now. Why do I say that? Because the government are also putting money to buy Bitcoin and cryptocurrency. Recently, a confession from a senior Korean official indicates that it is true. |
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It seems to me that altcoins have even a greater future than bitcoin because the only benefit of the btc in its price, the altcoins, however, are more technologically and more functional.
Yes, you are right. I also suppose in future even faster, safer and more anonymous altcoins will appear and replace some of coins used on the cryptomarket now. Sure alts will survive and will be used. The new technology will replace the old technology as long as new technology is better than and useful more than old technology with many problems. Bitcoin is an old system, if it doesn't improve its system while the time confirmation and fees are the problems, it will be worse than Ethereum and Ripple soon. |
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When I'm choosing the best and reliable ICO project I am watching first of all team of developers. If in the management and between creators are famous names then it is a very good sign, some kind of guarantee.
You have to remember these famous people can be the advisor, they aren't the devs if they just earned some money to show their face with that project (spreading some promote words too). Of course, in the past, this case also happened. I remember that project is Centra promoted by Floyd Mayweather |
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Dogecoin is looking like a scam with strange name and almost free coins. At my opinion no future for this cryptocurrency because competition is to high nowadays.
It seems a bit negative here, I just feel it does not have the necessary traits, because of the platform combination from Litecoin and Bitcoin. It's like an exaggeration. So, they choose independent direction in a fun and just use as a tool to buy fun for the community. It may not have much sense of competition for strong growth in the future. I believe in Ripple and NEO more. You have to remember a cheap coin, a potential altcoin isn't an altcoin has high price, many members already to support, huge community, etc. It's the ability to change the world or something can affect the cryptocurrency and the life. And Dogecoin is changing with Ethereum as a partner to improve the world, in the future, you will know how to Doge help us  |
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The people/investors gives the altcoin so much valuable especially if it has the potential to rise and compete with the other top altcoins. By having many investors it will give so much advantage that the altcoin may go for a long term if the developers wants to continue it.
Dogecoin is one of altcoins still increases its value without any developers, why? Do you know the reason? Because the value of an altcoin doesn't depend on the developers only, it depens on the user more than the developers, so for Dogecoin's fan, they still think this coin has the future. |
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Hello, as we all know that Bitcoin is heading straight to the moon. Me, as an employee, do also invest with this cryptocurrency, and I kinda need to divide all of my salary for my needs, and on how much should I invest in? Let's talk about percentage. Anyone?
As I would see it doesn't make a difference with the percentage. What matter is how much cash you can stand to lose. Putting cash in BTC is exceptionally unsafe in light of the fact that you can't tell what will occurs next. It is smarter to peruse the news about the estimate in BTC with the goal that you will have thought on when to put. However starting at now this isn't the correct time to purchase so have tolerance to pause. You are right, it doesn't matter for at least we are learning to maximize our salary not just spending it anywhere, every where without any effect in our future, we must consider our every action for the sake of our future not by present only, if we have to have life insurance then why not have it, invest while we still have chance. However, the fact a lot of people don't know management their funds to buy something important is better than to waste money for relax. They just want to enjoy their salary when they still have many money. But until the poor time happens, they just can regret the past . |
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What are the best investment opetions for bitcoins to be put into?
Please post here!
In my opinion, you better to invest in Bitcoin as mother of all crypto currencies. It has huge volume of investors and the price keeps on rising though there are some dips but that's normal in trading. As we can check the trend of Bitcoin from early this year until now, the price is so high and I know this will continue until next year as speculated. You may try Altcoins like, ETH, Ripple, BCH, LTC, Dash, etc. because their prices really performs well this year. Just invest to top Altcoins and Bitcoin and hold so you can never go wrong. Also we need to read the news about Bitcoin forecast so that we will know what will happen in the future and make plans out of it. For long term steady growth in value then it's Bitcoin. Dollar cost average your Bitcoin purchases and watch the value grow. If you have more time than money play the ICO game for short term potentially massive returns. It only takes one ICO going 2X to cover ten ICO that loose 10%. It is a gamble, but the odds are attractive. Never spend more than you can afford to loose. LOL! You let the percent x2 of ICO projects made you have wrong idea. Remember if the price of ICO token can x2, it can dump 50%. The ratio to pump/dump is same. Low demand, high price => Low demand, low price soon  . |
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The risk of holding bitcoin is not holding it. I am sure you must have seen bitcoin prediction in terms if price and you must have thought to yourself how ridiculous they those predictions are. The truth us those predictions are the potential of bitcoin.
Exactly! Holding of bitcoin is just like running a marathon in which you have to continuously run for a long period of time. Same is the case when it comes to that of holding of any coin may it be bitcoin or any other crypto coin. You need to keep holding your nerves all the time no matter what the conditions are. Only then you can manage to get what all you have planned to get by holing those coins. Hodl isn't the right way for trader. Hodl is right when you can buy at bottom price of the cycle, remember, it means the begin of cycle and the bottom price, the lowest price in this cycle! But, can you do that? No, of course, don't have much people can do that, so, day trade is better than holder because you can move you funds easier than holder. Everything is only temporary in your eye. |
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