Not touching it doesnt make you smart. Like I said some people get lucky and they invest and then forget about the market and come back to see a huge return. The point is that for the majority of people you will want to invest and keep up with the market, and to actually understand evaluations and market transitions. Holding doesnt make you a good investor. A good investor buys and then continually reevaluates the market to prove their risk management and investment understanding. I know a lot of people think "everyone is making money in crypto, so will I" and this is a dangerous thing to think. |
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Whenever you buy something you are risking your money, so yes of course it is risky investing your fiat dollars too bitcoin.
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Given the volatility of cryptos, even if you put in a stop loss order in place, it might gap down past that price and leave you with a big loss.
Which is why I would recommend to not short |
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where i can buy ethereum and litecoin safe and secure? Thanks!
Where do you live? As in what country? |
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Shorting requires you to join a platform that allows margin trading and deposit some bitcoin or whatever coin you want to short into your account as collateral.Some platforms like bitfinex offer leverage at 1:3 or more but be warned keep that margin trading can generate much larger losses than traditional trading. Although there are margin call limits in place in most cases, it does not mean that you cant lose more money than you actually have in your account.
i found this in google what sorting is,now i know how it works.
Lots of people short in the stock market, and then moved it to crypto currency. However right now since we are still extremely early I would recommend to not short for the above reasons. |
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I am less concerned on the via price of bitcoin. However I think it will be floating around the same price that it is right now, I dont see any reason for a drop. However my opinion is subject to change of course.
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If you dont understand marginal trading, check out my Medium Post: Understanding Marginal Trading. I see a lot of people are interested in shorting, however I would advise against it. The market is acting irrational, and people are investing in obvious "shit coins". Shorting a coin that you think is over evaluated is not a good idea, because it can continue to be over evaluated, tons of people are investing in awful coins that have NO utility. So even if you are right, you are playing a dangerous game and when you factor in risk management it likely isn't a good idea. Thoughts? |
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Security is the most important factor for people to love and invest in crypto, especially bitcoin. Thus the anonymity of bitcoin will always be appreciated. The future of bitcoin is still growing.
I would disagree and say that most people dont want to have "personal security". And what I mean by that, is that people dont want to be responsible for their own coins. Which is why Coinbase has been so successful. I think the level of privacy that bitcoin has is perfect, your identity isnt directly attached to it. |
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Hi
I have registered for the ebook.
Waiting for its arrival in my inbox.Thank You
Thanks for registering, you will receive the book when it comes out. Thanks |
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Bitcoin's decentralized that has the feature of anonymity of every user. And I guess it is very attractive to users. And since that you are asking why, in my own experience and opinion privacy makes me feel secure and safe as a user. Safe in the sense that identity is not identified by others, no background checks including age, status, works. And as a student, it gives us the that feeling that we can be involved in such technology.
Though it is hard to tell if the privacy is used more in negative stuffs than positive it still gives everyone an opportunity to work with equity with others disregarding the life status of a person.
So if privacy means so much, why dont you get a coin like Zcash or Monero? Bitcoin really isnt anonymous. |
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Privacy is important for me, it's part of the freedom we have. I think Bitcoin has enough privacy if you use it the right way, for example it doesn't limit you to create a certain amount of accounts/addresses, like banks do. Use this feature to give yourself more privacy, don't use an address multiple times for different payments if you want to stay anonymous. Also Bitcoin doesn't require any of your personal information, it's the exchanges and web-wallets that want you to register your personal details. Create a desktop wallet or generate a random address using bitaddress.org, you don't have to be connected to the internet to receive transactions. For extra privacy there is also something called a mixer, it fully anonymizes your transactions and as far as I'm aware of is legal in most countries.
So even though other alternatives exist like monero which are based on your high priority . You are still bullish on Bitcoin? I got to admit that Monero's cryptonight is really awesome and I really think that there technology adds something to the crypto technology but it can't replace Bitcoin. On the end all the coins that are listed on CoinMarketCap are based on Bitcoin, some of them add something new that is significant and a lot them don't. Monero deserves a community and it's value is justified but it's still a clone of Bitcoin that has some added technological advancements. Bitcoin is in my opinion capable enough to use as a private payment method, if you use it the right way. So I don't find it necessary to switch to a different coin. Well yeah what I have noticed is that people dont want to switch from bitcoin because it is bitcoin. Very high customer loyalty and people are even willing to pay through the high fees. |
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I think he almost trys to be secret about it for more publicity. I think he is telling the truth though and is not the founder. But you never really know
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Well I do think there isn't that much negative role when it comes to the whole idea of bitcoins
In fact the blockchain technology enables us to look at something in a very transparent manner..
It could easily stop corruption and we can look forward towards a better future.
I don't even know why one needs privacy if he is doing something right... Its a question when you are into something shady..thus I think.. I won't mind my privacy being breached .
In terms of transactions ^
Like I have said, it can put a target on your head. If I know you have $100k in BTC then I could try put more phishing attempts at you, or could rob you. |
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I'm not buying illegal goods, or even gambling, so I'd have to say I'm not all that concerned about people knowing my bitcoin address. Cash is still the most anonymous form of currency--but as long as no one can link an address to a real person, bitcoin is pretty anonymous. At least enough for most people.
And yet somehow the feds end up catching criminals like the Silk Road posse. I don't know. I'm sort of indifferent.
That isnt the only reason though. If I know that your address is X and X has $100k in it, I can work harder at phishing you or even robbing you. Well even if law enforcement or another entity cant fully track people and their bitcoin address. New technology is making advancements and soon or later it will become easier. |
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Since I am giving this away free, I will not be paying for advertising. If you would like to post it free, you can of course. However I can not offer any financial incentive. |
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I watched your youtube channel and it is good.And it is nice that youtube viewer are related with cryptocurrency.
Thanks for the kind words, I have a lot of plans for new content. So make sure to subscribe if you haven't already. |
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Privacy is important for me, it's part of the freedom we have. I think Bitcoin has enough privacy if you use it the right way, for example it doesn't limit you to create a certain amount of accounts/addresses, like banks do. Use this feature to give yourself more privacy, don't use an address multiple times for different payments if you want to stay anonymous. Also Bitcoin doesn't require any of your personal information, it's the exchanges and web-wallets that want you to register your personal details. Create a desktop wallet or generate a random address using bitaddress.org, you don't have to be connected to the internet to receive transactions. For extra privacy there is also something called a mixer, it fully anonymizes your transactions and as far as I'm aware of is legal in most countries.
So even though other alternatives exist like monero which are based on your high priority . You are still bullish on Bitcoin? |
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How important is privacy for you? In terms of making transactions online. As you know bitcoin is not very anonymous and once someone finds out your address, that can be linked to anything you have every purchased.
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The main difference is that Bitcoin is based in USD while the USD is not based on bitcoin. Or whatever fiat currency you use, pounds etc
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I am confused as to what you are asking. What is the best gift we will be giving? ( I am assuming since we shouldn't know what we are getting )
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