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I think that the deflating nature is a feature that mostly attracts newcomers, when they see the growth volume. However, the true uniqueness of bitcoin is the blockchain and all features related to it.
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You are right saying ‘especially the third world countries’. I mean the national currencies of these countries are mostly inflating. Bitcoin is the best choice for the citizens to keep their savings, because bitcoin is deflating.
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I've been using cex for a long time, both for simple bitcoin buying and trading. They're good and never caused me any problems. If you're still unsure about trustworthiness, read more positive comments here: https://bitcointalk.org/index.php?topic=1585878.0
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May I ask you, what is your major?
In any case, I wish you good luck!
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I think it was about 4-5 hours. It was a purchase in a bricks-and-mortar shop.
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Cool, but Vitalik Buterin is still my all-time favourite!
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One thing is clear: Bitcoin is many people's first investment. What people are experiencing with the price drop happens every single day in other investment markets. People must learn the hard way. Watch this video from the ol' days MtGox, and pay attention to the price. Remember, this was BEFORE the big spike up over $1000. https://www.youtube.com/watch?v=K2ku1A5Ox8UPeople panic. Prices go up and prices go down. It's all part of the game. Thanks! Just watched it in some other thread on this forum, and was mesmerized by how price was dropping before the 2013 craze. I'm holding my breath and observing the whole picture to unveil.
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Great video! Ljubljana seems an unlikely place to accept bitcoin so widely, which makes it even more amazing. I couldn't also imagine it's such a beautiful city. Definitely on my list!
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i am new to trading but am trying to learn, is there any place that i can read about it. either it is some beginner stuff like the terms used and what is the charts or it is more specific like what to buy and other things?
For trading terminology and usual strategies, you may refer to http://www.investopedia.com/active-trading/. It is not meant for bitcoin or altcoin trading, but I believe the same rules apply. Indeed, Investopedia has helped me with the basics. Exact same rules apply, plus looking closely at the overall bitcoin situation: who's doing what in the industry, what is on the news, etc. I sometimes read cex.io blog, they have what seems to be a section on trading – both for newbies and weekly analytics for the experienced traders (lots of terminology there).
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Its great that you are winning while trading. Its good till you lose big.
My advise - take out profits at regular intervals. Don't get greedy and go all in everytime. A few bad calls and you'll end up in red.
Thanks! I'm being extremely cautious, which is why I'm not rushing into altcoins at the moment. Just sitting and waiting for the 'right moment.'
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Was a month ago. Early to mid-November. I got really lucky with this short-term bitcoin boom.
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you just have to follow the basic trading rules — buy low, sell high.
I agree... but sometimes you can also buy high and sell higher or sell low and buy lower. also i use https://bitcoinwisdom.com/markets/bitfinex/btcusd to help me with chart, lines fibonacci. You're right. It's been too low for quite a while. I'm hoping for the better times though. Thanks for the tool!
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Greetings, gentlemen!
I'm a newbie bitcoin trader, but I feel that I have found the kind of activity I not only enjoy, but also can succeed in it. So here's my story.
I've become interested in cryptocurrencies not so long ago, last year, to be exact, when there was this bitcoin boom. I had prior involvement in trading on European commodity exchanges, and I assumed that bitcoin trading will not be that different. From that point, I started looking for a trustworthy exchange. The biggest problem is that the amount and variety of information on crypto-exchanges is mind-blowing. So, I went for the exchange with a good reputation, which is crucial in the financial industry. My second issue was the possibility of depositing EUR straight to an account on the exchange. Eventually, I started asking my friends for advice. One of my fellow traders from previous encounters was already an established BTC trader on cex.io and recommended them.
So I trusted his advice with cex.io. After depositing the money, I bought 18 bitcoins at EUR 260 per coin (fortunately, I had the sufficient funds and considered the risks pretty low, despite the volatility). I patiently observed the developments on the cryptocurrency market and kept an open eye for any events that might influence the volatility of the price. Finally, when the price reached EUR 320, I decided to sell. On this single transaction, I made a profit of EUR 1,080. Of course, I was endlessly lucky to buy and sell at the right time.
It's good that cex.io trading platform is as easy as it can only be, especially for newbies like me. What depended on my side, I learned from my trading days: you just have to follow the basic trading rules — buy low, sell high. Right now, I'm thinking about trading cryptocurrencies other than bitcoin, and I'm looking into various altcoin options.
Note: I'm not affiliated with cex.io and I'll be happy to hear stories of using other exchanges.
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