Bitcoin is the safest system compared to other financial systems because there is no third party involve and there are two security passwords feature on it.
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If you want to get profit in a short given time, you should go to day trading but it is like gambling and exert more time. Hodling is like a long term investment.
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The most painful or saddest moment about cryptocurrency in me was when I didn't invest early at mid year of 2017. That is the time when I engaged in cryptocurrency and after two months the price of bitcoin goes to the moon.
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The very basic in this kind of transaction is to buy at low whether it is a bitcoin or any other kinds of cryptos. If you buy it in a high value, it is very difficult to make profit on it.
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For me bitcoin is better investment both short and long term investment compared to ethereum because bitcoin is well known, most influencial and the highest value among all the cryptos. It can also easily converted into fiat.
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For now, it is necessary that turning crypto into fiat or vice versa. Fiat turning into crypto needs for like investing into project development through ICOs while cryptos t7rn8ng into fiat needs for mode of payments in goods and services.
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In 2009, the information on cryptocurrency was very minimal. I joined in cryptocurrency last year when a friend told me and how they became successful on it.
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I know personally some people who became successful in cryptocurrency that is why it motivates me to invest. It also motivates me in achieving my dreams and also to help my family in their financial problems.
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Both advise that you were told were correct. The more money that you will invest the higher profit you willcome up. If you have a large capital then invest it in cloud mining but make sure if it is a legit one.
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Wise thing to do with your savings is to invest it but before you invest into something, make some feasibility study and research so that you will not result into loss.
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I do prefer in long term investment because I am inspired to those people who hodl their cryptos like bitcoin in a long period of time and now they are all rich.
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Just tell him that investing in bitcoin has a great opportunity to gain profit compare to saving your money in the bank. There are many ways on how earn income in bitcoin.
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I truly believe in cryptocurrency. I know people who became successful in this kind of field. It gives me hope to fulfill my dreams and helping my family in their financial problems.
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Absolutely correct. Experience is the best teacher and this forum gives a lot of idea on crypto trading for a beginner.
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The market is falling because of some panic hodlers. They sell or trade their cryptos at a low value or price that is why there is so much supply in the market compared to its demand.
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Bitcoin will become demandable again in the near future because many countries now accepting and adapting the blockchain technology. We should not panic, just stay calm and hodl your bitcoin.
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Definitely correct, everytime is the right time to buy and sell. The cryptocurrency market opens 24 hours a day and 7 days a week. The bitcoin hodlers and potential hodlers has the right to choose if he or she will gain or lose on it.
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That is correct. Patience is the key to success in gaining and making profit in this kind of activities. You must set your mind in a long term investment so that you will not panic and sell or trade your cryptos at a low value.
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We never know when the bull market will start because the market today goes up and down. But the sure thing is this is the correct time to buy cryptos because the value of it are very low compare last year.
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Digital currency will not take over but it will be added in the circulation like fiat as a mode of payment. Many countries now embraced the blockchain technology because of its advantage to the economy especially on financial aspect.
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