It seems there are bad news all around with doom and gloom. Trade figures going down, jobs cuts, security situation not going well, and bad loans.
Is the economy situation in your country that dismal? Or this is just some fear mongering?
The economy here in our country is somehow doing good already. Bitcoin has been making a wide noise already about being one of the biggest investment in our country today. I am hoping that bitcoin would help our economy improve more for the better of everyone here and also for the convenience of the people in terms of how they hold their money, I can also feel that the time is near that bitcoin would be legalized already here. Honestly, you can not find any benefit from Bitcoin if you just want to use it to trading. We should to grow Bitcoin through its technology instead of through the Bitcoin value. The Bitcoin value is just temporary, the Bitcoin technology is forever  |
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This question is thoughtful somehow since it can does so to only but only Bitcoinners that actually knows what is to be done with Bitcoin in most ramification. But the question at the other end is awkward because maximum number of people around the world is yet to understand Bitcoin and all what it entails, even the educated ones, since their education is limited to Bitcoin fundamentals and strategies, left alone the knowledgeable ones of same.
yes of course that bitcoin can really change the world for real, as many individuals had already helped and had change their life so it is just up to us whether we will follow their foot prints or we will just let ourselves to see what will happen to them next, it is our option. How many people are there become the rich by Bitcoin? And how many people are there become the poor by Bitcoin? You have to remember Bitcoin has high price because the investor want to buy more it, hold it to take profit (sell it at high price). However, when the Bitcoin price reached $20,000 , it also reached the limit price range to increases more because not many investor want to buy it more.  |
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Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.
Yes as expected though last year bitcoin surpassed the price of Gold , and suddenly shock the world and as of now many people noticing bitcoin and also bitcoin gaining it's popularity which positively gain more opportunities on the near future. And as of today bitcoin is decreasing because of the demand on the marketplace , a lot of whales and holders been panic selling then it result to decrease the price of bitcoin , but yet it's increasing and now just holding my coins , and waiting. The whale did not sell Bitcoin because they be panic by the Bitcoin price decreaes. The Bitcoin decreased because the whale stop to buy more and take profit. After the whale stop to buy more Bitcoin, the normal investor and speculator can not keep patience to wait more when they need money to do other things. Finally, the whale just need to spread some FUD made the panic seller sold Bitcoin at low price. |
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We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model. How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day?  And how do you see it's future? Bitcoin is blowing up now. The price before has increased dramatically. In terms of payment system, I think bitcoin can't be a mode of payment in online shopping or in any other form. The problem in Bitcoin is the volatility in which the price changes from time to time. Companies would be taking risks because the items has stable price while bitcoin is not. Also, transaction fee is slower and higher in Bitcoin. Because Bitcoin did not use as a primary payment method. It is simply just an optional for payment on some countries accepted Bitcoin like Japan, Korea, etc. and its market does not limit at some countries, its value depends on all users on worldwide and not easy to keep its value while many people want to earn profit through its volatility. |
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Today, there are many new digital currencies, but still bitcoin has a huge advantage in front of them-it is over its improvement and new products based on it that the best minds work, it is bitcoin projects that attracted huge investments from venture investors and corporations. Bitcoin has the largest community of supporters. I think that hardly the same success can be repeated by any other new cryptocurrency in the near future.
No, Ethereum is the 1st coin in the GPU mining community. In my country, the total number of people mining Bitcoin is lower than GPU mining Ethereum so much! Because the cost to mining Ethereum is cheaper than Bitcoin. Hardware to mining Ethereum is also buy easier than Bitcoin Asic from China. |
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For me, Bitcoin has many advantages, one advantage is it gives to the individual money to sustain the basic needs, It also reduce the increasing number of unemployed in some countries, The people who work in bitcoin develops the ability to reason out, enhanced the English proficiency, that's the some advantage of bitcoin.
There are so many advantages of bitcoin just like it can help us to earn money even if we're student. The advantage of it to us is that it can make our life better and it help us to helps our family on our financial. The advantage of bitcoin on other cryptocurrency is that it is the one who discovered first and there are so many popular person that are working on it. It is just a parts of the benefit to apply blockchain - the Bitcoin technology - to our life. First of all, the Bitcoin price increased by the speculator and new investor, of course, this trending can not keep for long time when the whale stop to invest. But when the next phase of cryptocurrency happend, I believe the blockchain technology will be the reason to make the price of Bitcoin and other cryptocurrencies increase. |
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If the price fallin of course will make us panic because it's just human tendency to panic. But don't sell it just hold your coin and wait for the price to recover, and just stay calm. Trading in crypto market needs a lot endurance, wisdom and big heart. Cryptocurrency is a high risk trading and most people already aware of that.
I didn't agree with that as well as to say calm and don't panic. We are all a human being and not all people are aware of it there are many people joining cryptocurrency without having a full knowledge to their investments. I learn it from my mentor, the more people on top how much more the people who are in below them. The panic starts with the people in the people who are new in this crypto and im one of them in the past year even now. What's good to me is i handle and accept the risk before selling win or loss i think first. Try to imagine the total money you can lose and also, try to think can you accept that loss amount or not. As long as you can be already with loss, you will not be panic by the FUD, because that loss you have predicted and accept it. This is my strategy for panic time. |
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trading is better than investing at other web, because with trading you can learning new skill, then you can upgrade or growing your skill with new experience.
Trading and investing are both good, but I may say it depends on the situation. Trading is good if you want a money to spend now and you want to earn in a fast way. And don't need to spend your money now and if you want to save your coins for the future, investing is good. Investing is good, but not all. Saving and investing should be balance. Because both are important to create a perfect life. Saving without investing, you are just using money from passive income and you do not have a strong base for the future and your children. But investing without saving, you just take more risk, more stress for your life  |
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if people do not use money then all will be a bit chaotic, because with the currency people can make cash transactions. people still need money and many still can not use bitcoin as a digital currency better than paper money. all will switch to bitcoin to welcome a better future and it's all happening but paper money will not go extinct.
Like Gold, Gold was used as the primary payment method for the monetary system of thousands of years ago. However, when paper money comes out, Gold wasn't used as a currency, it has used as an asset and jewelry until today. Therefore, paper money will also like Gold if cryptocurrency or digital currency become the next future for the world's economy. It can be use as a backup payment method when we need to create transaction offline  . |
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What do you think of Bitcoin Cash?
Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?
I don't believe that bitcoin cash will be the sane value of bitcoin as todays performance but in some point if we try to see on each performance I'm in favor on bitcoin cash. As time passes by bitcoin cash, really impressed me duee to it's performance that it reached around $1,500 for just short period of time which for me one of the great and spectacular performance in the crypto market. A temporary solution for the Bitcoin network when we can not choose SegWit2x or Lightning Network to develop and improve the Bitcoin system, that is Bitcoin Cash haha. However, beside the temporary solution for the Bitcoin network, Bitcoin Cash also created a trending to create new folk coin, typically some projects after Bitcoin Cash created, such as Bitcoin Gold, Bitcoin Dark, Bitcoin Super, have created a hot trend "folk coin" in the market until today. |
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Bitcoin is and always will be very volatile, but this does not mean having to give up his purchase. If you look at the chart of growth rates you will see that every year the price of bitcoin is increasing. This trend will persist for a very long time so you can buy it at any time.
so i should buy bitcoin at this point or when the value reduce. You should look into buying it when theres something that effects the market, like the Chinese new year that was going and the prices dropped low on that month and it raised back to 11K as we speak. It is not good to be confused about bitcoin it is nature of bitcoin that it use to increase and decrease with time so just look at the market if in maker price is down it mean you should buy and it is time to save it but if they demand of bitcoin in market is high and price is increasing too then you should sell for profit, on the other hand I would say that instability and fluctuation is the best thing about bitcoin, bitcoin is volatile and it will make price of bitcoin at the peak of all other currencies. According to my experience, I have some factors to know the next short time trending for any cryptocurrency, not only Bitcoin: 1. When the Bitcoin trading volume increased higher 80% than normal but the value of Bitcoin has changed below 1-3%, that is the time to buy Bitcoin as soon as you can. 2. When the Bitcoin trading volume increased or decreased more 80%-50% than normal but the value of Bitcoin has changed more 5-10%, that is the time to sell Bitcoin as soon as you can, even you must to take loss, because the big bearish trend will happend in the next time. BTW, please give me some merits if you think my experience useful for your trading  , thanks a lot. |
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I do believe that they don't fear cryptocurrencies, losing their customers rather. The fact that they were trusted by people with their money to be exchanged in a typical currency (the one that we usuually have in our country), would be affected if people would go and put their money in to invest in cryptocurrencies, and this currencies will be using digital wallets instead of bank accounts. Also, they don't recommend people to invest becaue of it's volatility.
Cryptocurrency must to has the government support it to help it become popular more on the world. Without the government, cryptocurreny can not approach to everyone and a lot of people will do not know what is cryptocurrency and how to use this currency. Therefore, for me, the banks does not fear cryptocurrency at least in next 20 years up to a century. |
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In my country, the bank account is following by the government and if there is something unusual, the officer calls you for a meeting and ask you where this money come from.
If you transfer your money to your bank account when you sell your bitcoin, you have to pay the tax of the income. So bitcoin cannot kill the tax system.
Do you think that system really privacy for user? Nowadays, not like the era backward, most of the people know which system is better to keep safe their information and the privacy when using. The government do that just make the banking system become worse more in the opinion of the people. Until the people have enough power to change the monetary system, they will use other system to replace the banks. |
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Like every other investment such as real estate, stocks and other forms of investment we know that you can invest in that kind of things and then you get something like say a Certificate or a Binding Document as a proof that you are part of that investment, now that of bitcoin all you have is just your address, your password, key and seeds as proof of the ownership of the wallet. BTCSo now if one is considering buying bitcoins and saving for his/her children in the future is there any way to do that with bitcoins apart from having to write down your details somewhere. I'm asking because with that kind of stuff if no one knows your seeds or password no one can get the coins.  It would be a great thing if this matter would be handled because there are instances wherein all of the hardwork of someone is being disregarded after being gone in the world. I am also wondering how this stuff should be handled. Many people are already complaining about this hoping that they can have an assurance that all of their kept bitcoin will go to their family. As long as you can keep your Bitcoin carefully, you just have low risk to keep your Bitcoin for your children. However, it depends what method you choose to keep Bitcoin. Example buy a hardware wallet is not a good idea to hold Bitcoin for more than 10 years, I recommend you should to create your hardware wallet through hardrive disk or usb to keep your Bitcoin safest. |
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In my opinion, its hard to do your job and trading together. Trading needs a lot of time. But if you can do both then go. Though trading is very risky. I suggest you to read articles about trading so that you can have enough knowledge on what investment are you going to profit.
Yes doing both trading un cryptocurrency and doing your regular 8 hours duty on your job is totally hard to manage. But the main concern on this matter is how would you divide your time or in short time management. Time management is the only way to do both because if you know how yo manage your time for sure you can do both. Nothing is difficult if you really want to do and complete it. You can do anything as long as others also can do that. Even others can not do that, you still have ability to do that because the inventors are always the first  . Organize your time, reduce your leisure time and spend more time on what you need to accomplish. |
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Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?
If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.
What's your strategy?
Well my strategy for selling my token is just a matter of when the money is highly needed for me andif not even the price is higher I can still hold it up until future comes because I know time's roll and roll then the price more higher in the right time. No, if you are a trader, you must to take profit when you have huge profit or high profit per day. Example you can earn 20% within few hours because the price of that crypto pumped by FOMO. That is the time for you take profit, hold just make you miss chance to buy that crypto at low price again. |
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of course holding Bitcoin is more profitable other than trading an altcoin 'for now',
Bitcoin price slowly keep increasing day by day and an altcoin price slowly decreasing.
Bitcoin price not yet reach its limit so it would be better to keep your Bitcoin for a few weeks,
and after Bitcoin show us a 'sign',the party will begin.
that is the right time for us to use it as an opportunity to grab some altcoins into our bags,
because that is also 'sign' for an altcoin.
just simple logic
Bitcoin Pump = Altcoin Dump
Bitcoin Dump = Altcoin Pump,
but sometimes we can see Bitcoin Pump = Altcoin Pump
I agree with you that holding bitcoin is profitable than trade in altcoins, because we see that the price of bitcoin is increase everytime , not like on the price of altcoins sometimes its really drop its price. So its better to hold bitcoin even in long period of time so that we can earn profit. We cant predict the altcoins price, so its much better to hold bitcoin. Bitcoin also has a great value and profitable than altcoins. Increase everytime? What are you saying? I did not know the price of Bitcoin does not dump to low price like Altcoin. Bitcoin is also a cryptocurrency, it is not the God in crypto, so, it can be affected by the controller anytime, the price of Bitcoin is still high because the whale want to keep this value until they have profit. |
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I certainly felt depressed, i cried a river. Due to the fact that my precious altcoins that i kept for sometime hoping for a good return went the other way, the ungainly way. I stared at my computer for a very long time, gazing at nothing. What to do?, what just happened?, what did i do wrong?, i asked myself. I went out to breathe some fresh air. I went for a walk, i need to rethink. I bought ice cream, to cool off my head and that strike me, it was all my fault. I should have done this, i should have done that. Things cleared out and i hurriedly went back to trading and lo and behold, it was a tremendous success.
Sometimes you have to go through that loss before you can come out the other side as a different person, one who has learned from the experience. Thanks to that ice cream.
I once asked a lot of questions about why each trader has in his portfolio a very large number of different coins. Could not you just use three or four or five coins and touch them? But apparently I was convinced that the more projects you have, the less chance to lose your money. Therefore, do not focus only on one indicator. But, can you manage your capital in many coins? You need to have much times to manage and check the price of your coins everyday if you are a day trader. For a long term or mid term investor, 10-20 coins in the porfolio is normal, but for the day trader, it is really a difficult challenge . |
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For me now is the right time to buy bitcoin. I have a question
How could I buy bitcoin using paper money?
Yes agree, this is a good time to buy bitcoin, currently bitcoin prices continue to go down and cheap because many chinese users are selling to celebrate chinese new year februari later. You cannot say that for sure but it's a decent amount to buy bitcoin compared to what it was a month or two ago. Many people are expecting the bitcoin price to be +50k usd including me by the end of this year but not sure if that's gonna happen. Right now. Bitcoin has a price of 11,000$. Suitable for everyone to buy, not low not high. If you don't buy soon, I believe Bitcoin's price will gain higher in the future. You will regret for sure. you can buy the others cryptocurrency if you want. However, if you really want to buy Bitcoin, right now will be the best time for you. Well it really depend on the present price because buying is always be done during the low price status,I believe that bitcoin is more profitable when we buy it in a low price and sell during the high price to gain a huge return of the current investment bitcoin is a new hope . Although you can not get profit x2 x3 like the past, but buy Bitcoin at current price really a good choice for those who have USD want to invest in cryptocurrency. We do not have much times to get a good chance like now in the future. IMO, we should take advantage this chance as soon as we can. |
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I see more and more articles of the USD being used for illegal activities, such as funding of terrorists and unconstitutional, illegal wars, funding of wars that cause severe infringement of civil liberties like the war on drugs, among other things. I am pretty sure that when goons smash into convenience stores and steal stuff, then the money they probably steal is USD, which makes it criminal currency. Also, I am pretty sure that the baseball bats that majority of the goons have bought were paid for by the USD. Also, most people collect rain water, drink raw milk, and throw cannabis seeds in soil, all three acts which are considered serious illegal felonies punishable by seriously expensive fines and extensive jail time, possibly life in prison. Some people also walk, drive, fish, or hunt without a permit that can easily be bought for in USD. Will this hurt USD in the long run? Will governments ban this just like they started to do with paying in cash for some services to harden the use of illegal activities, and money laundering? Actually all of the currency around the world can be used in illegal actions like buying and selling drugs online or in real world without noticing the government yet it can be revealed. But in bitcoins you can't leave any trace with your transactions with drugs because it is all hidden. Really? As you said, why do the Korean and Japanese government catch a lot of criminals related use cryptocurrency for crime? Because after all, you need to exchange crypto to FIAT and that is the time for the police track the source, data, information of seller and buyer through exchanger. |
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