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There is no certainty as to the outcome of bitcoin rising this January. It can only be assumed and anticipated that it would rise considering the outcome of the previous months. But in my own opinion, I still believe in the bullish direction of the currency.
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Before going into trading, one need to be groomed with the dos and don'ts of trading. As to the above question, every knowledge is important as far as trading is concern. You just have to acquaint yourself with the basic principles.
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For me, the best time to sell, is always when a reasonable profit have been made. Also, another time to sell would be when there tend to be a reversal in movement.
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What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?
How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
For people to want to stop buying bitcoin, there must be some reasons or the other. But if this eventually happens, it does mean that the value of bitcoin would depreciate drastically, which might gradually bring about an end to the currency. |
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Bitcoin price is rising up in rocket speed and penny-pinching mind is always yelling that hold.. hold and hold your Bitcoins. Don't convert to fiat or spend them. But, there's a big risk...what to do?. This is a question somebody asked me today.
I didn't answer at him, but, thought deeply about that and got the following mind.
If you've 10BTC convert 5BTC into fiat and wait until the remainder is reaching to 10BTC and do the same again.
Is this a good advice?
I would say it is actually a good advice to embark on such. Bitcoin as a digital currency that is different from the virtual currency is still in its growing process and as such, hasn't reached its peak. So, it won't be a bad idea to hold. |
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I don't think it will come to an extent for bank to start a war against bitcoin. The innovation of bitcoin as a currency is a different concept that is entirely different from the usual fiat currency. As long as the fiat currency is still in existence, so also will banks.
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Being that the currency is in its bullish direction, and that it hasn't attained its peak, it is then, not late to invest in the currency. The innovation of the currency is actually being recognized by individuals and as a result, leading to the growth of the currency.
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Same way you lose, equals same way you stand to gain. Day trading can be really profitable to you, if you have the right tools to go about it, in terms of having a proper analysis, minimizing your losses and maximizing your profits.
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With the rate bitcoin is going now, it would be very difficult for it to go to zero. But if it eventually does, it would be as a result of not being able to use it for transactions.
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In terms of network security, extreme measures have been put into consideration as to prevent hackers from hacking the network. But in terms of usage, it has not been globally accepted and as such, the security is not 100 percent.
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Considering the awareness gained so far, that has led to the recognition of the currency, and the pace at which the currency is moving, it can be said that it is not late to buy. Bitcoin has an upward movement that has not yet reached its peak, so, you can still join the train.
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Ethereum is within the range $600 - $800 now and it's having an up, down movement within this range. By the time it eventually breaks its resistance level, it will hit $1,000 which could be in the first quarter of 2018.
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We can make sure bitcoin never ends through the means of usage and publicity. It therefore, means that once people get to know more about the currency, it would have a wide range of usage. Once it is used by most individuals, the chances of it ending might be slim.
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Before going into trading, you need to know the basics of trading. You need the right skills to carry out analysis on coins; you need a proper right frame of mind to enable you trade with ease and also being self disciplined to know how to put your emotions in check.
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Trading requires a whole lot and the ability to exit a trade is one of the key things that should be taken into consideration. The best time to cash out, for me, is when you've made a reasonable profit on your trade.
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What do you do after you suffer a huge loss?
If you have more money would you again take the risk and invest or would you just stop trading and try to earn in some other way?
For you to have a huge loss, means you probably did not do something right. In trading, you should learn how to maximize your profit and minimize your loss. With proper analysis and risk management, you should have a fair trade. All these put into consideration will enable me deal with the loss and investing again to have a profit. |
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A trader just made a million dollar bet that Bitcoin would be over $50k by the end of 2018 A large trader (or traders) just plopped down a million dollars betting that Bitcoin would hit $50k sometime in 2018.
Despite the speculations and assumptions of various individuals regarding the height bitcoin will attain, there cannot be an exact price to it, as there is no certainty to the outcome. But considering the present growth, it can be assumed that it would reach $50k by the end of 2018. |
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I don't think bitcoin can ever replace conventional money in the sense that, bitcoin and the usual traditional money are two distinct curriencies, which has different concepts and mode of operations.
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I believe the purpose of life, is to do the will of 'him' that sent you. For the fact that u're still living, means, you are yet to fulfill that purpose for your existence.
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Payment has been made for who qualified ( 17 Dec )
Still looking 2 Member and 1 Full Member spot , application before this post was being decline, sorry guys !
Link to Profile: https://bitcointalk.org/index.php?action=profileBitcointalk Rank:member Current number of posts: 73 Bitcoin Address to send the payment:1D5XUHon1fJawgSsZgMpXYvEw7J1m4f8np Looking forward to working with you Sir. Thanks in anticipation for your earliest possible response. |
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