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Banks are institutions that have long been established as early as the development of mankind. And I believe that banks at this point will not regard bitcoin as something that will threaten their very nature. However it is agreeable that bitcoins growing popularity cannot be denied due to many benefits that it brought to its investor/user. And this is the good thing about bitcoin, it is an investment avenue that introduce us to innovative ways of earning money and enjoying life having a virtual currency. I believe in the future bitcoin will have even more uses and banks will incorporate bitcoin into their services as well to cater more clients.
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Buying and selling during this kind of market situation is still possible. However, it requires a lot of time to monitor the prices to better know the opportunity when to buy, hold and when is the time to sell it to make profit. But as a general rule, try to buy on a low price and avoid buying at a high price. Try to observe first the price of the cryto that you are interested prior to investing your money.
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The Perfect definition to earn to in crypto, never ever say oh! i missed that creepy pump. i made same mistake twice and got myself in big trouble. after that i made a mind that i will never buy any Bull trend. i always invest when market is downtrend.,
I agree that patience is one of the most important tool in crypto world. It is not like you will get wealthy instantly because you in trading. The price of bitcoin is going up and down and no one really knows when it will hit the highest price. What is important is that you constantly watch the market and take chance of the right time to make profit. |
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Government of other counties may have considered bitcoin as illegal because it is an online currency that they have no control of. However, the popularity is very high that a lot of people use it for various purpose like a real money and for generating income as well which is good for the people. I guess government calls something illegal if it is not mandated and taxed by the government, therefore they do not benefit from it.
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The most effective way to lower your risk is to do more research.
I do agree that doing more research is a big thing. For instance like in a crypto, additional information with regards to developers and supply are factors to that can help you determine to how much extent you can invest. Be an observant as to the movement and flow of a particular crypto. Lastly, patience is one of the best tool and not to be in a hurry always can lead also so greater profit. |
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There are good things I can do with my bitcoins that I cannot do with my dollars. Of course on top is being able to use it directly for online tradings which which I love so much cause I am getting good profit. Because with dollars, you still have to go to an exchange to buy a currency that accepts it. Also prices may inflate quickly however it can also drop down intensely at times so we have to be watchful on that and take advantage. And one of the best thing about it is that opening your own account is hassle free, just few tap and not so much tangible requirements are needed to be on it. Thanks to bitcoin!
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Pump and dump is always there on the line but there are also so many factors that affect the price, maybe pump and dump is really hard today because the volume of the investors is really unstable so then I believe that the value and the price of the coin is also unstable. And maybe due to the huge dip the pump and dump status has moves in a very slow way.
It is really quite difficult to see an intense pump and dump during these days as the value of bitcoin is really unstable. Bitcoin price has been in a dip since the beginning of these year and we could probably tell that the price has not recovered knowing its performance from last year especially at the end of 2017. But knowing that bitcoin is surviving is a sign that bitcoin will still emerge and continue to be the king of all crypto and will reach the highest pump which everyone is awaiting from its lowest dump. |
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Yes it can be true that some coins can move faster but it will not be a permanent move. Some might be because it is a new program associated with that particular coin that makes it supported by the developer but then it will definitely go back to its normal flow. But then bitcoin has already been an institution, it might be slowly moving at this time but demand and trust from people will not go and I believe it is only preparing to move up slowly until the time it reach the target value again.
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The market moves according to the rate of demand and supply. When the demand is high, price tend to rise and are more valuable and the opposite happens when there are less demand. However, in some situations when the whales or big investors are participating they have great impact on the price and may tend to control the price at that particular time and other traders also participate that can boost the price up or down.
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Bitcoin is definitely worth our precious time. Bitcoin has been existing for many years now and we have witnessed that its price are actively going up and down. We can say that there is flow in the market due to this price movement. And this has given opportunity for many to earn profit when they took chance of the low price. It just require good strategy and patience. I will continue to keep my bitcoin because I believe market will become better and will give us profit.
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Yes I think the world is ready for cryptocurrency today lots of people have involvement in crypto this means that the demand of crypto is getting stronger every year especially last year that bitcoin rise and many people noticed this I hope crypto will accept in many countries soon.
Crytocurrency popularity has gone world wide and we can see the evidence that even ordinary people and not only the rich individuals and business establishments have started utilizing it either for trading and/or earning or for online payment and transfers. I believe that the world and the people are now ready, almost everyone have access to the internet which is the basic tool to use crypto and in a bit of time, even children can easily learn this thing. It is just important to teach young people on proper use and not to abuse it to doing illegal things. |
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I think bitcoin is an investment that may be very profitable, some of the problems that exist only the value of how much effort we do.
Bitcoin value is unpredictable and it is good sign that the price moves up now and a little bit down again and has never loose its value. Indeed investing on bitcoin is profitable especially to people who uses effective strategies during these times and good amount of profit are awarded only to those who have long patience in this kind of trade industry. |
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In my own opinion there is always proper time for everything. It is true that we can do anything what we want at anytime but then there are consequences that we are gonna face in each actions and that is why sometimes, it is helpful to analyze the present situations as well as the other factors to be able to know the actions you will take. But it is always a fact that bitcoin's value will continue to increase as it has started to move up which is a very good sign to invest more.
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Guys yesterday had a conversation with a friend and we found ourselves discussing this issue: What is the best and worst case scenario for Bitcoin? From the conversation it emerged (this is not from using bitcoin as investment vehicle) purely by assuming we understood the objectives of Satoshi lol! would be: Worst case scenario: It is overtaken by govt cartels and it becomes another type of gold just a store of value with huge transaction fees, also it finds a stable price which does not augur well with "investors" and thus the perceived bitcoin bubble maybe a price of $3000 maybe not a pessimistic though  Best case scenario: Bitcoin lives to serve its purpose of being the internet currency with global adoption of-course "rekting" government and other central capitalistic entities. In a nutshell promoting financial inclusion worldwide. Those are just thoughts of guys who were having a beer and maybe we thought too much but anyways members can contribute hoping to be roasted as well for my bitcoin newbie thoughts Worst of the worst is that when the government creates its own crypto currency and dominates the usage which will be legalized and implemented legally then bitcoin will be just an ordinary crypto with diminishing value and usage. Best scenario is the opposite it will the highest value that is attained by bitcoin and be regarded as the most popular crypto currency in the history which is widely accepted as payment in any type of transaction at any big or small shops all over the world. |
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they have not understood in detail about bitcoin, crypto currency and everything related in it therefore they are not interested in this. others assume that this has a very big risk. so they are frightened to join
They have no interest in bitcoin because they believe the negative news spread about bitcoin or it could be because they do not have factual information about the truth that is shared by a trustworthy person. If only they will give bitcoin a chance and the goodness it can bring to their lives these people will definitely welcome bitcoin in their lives. However, proper caution and complete information should be shared to be able to avoid problems in the future. |
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To be frank, all of us traders, bounty hunter and investors don't want to be on the losing side. That's why we complain on such things as the Bitcoin is going down again. But there is some good sides here. Like there is a chance of low risk, high rewards profit that will come eventually when the right time comes.
In my own opinion, I invested in bitcoin to earn profit in a fast way possible. However, I have learnt that patience plays a vital role in doing business with trading cryptos. Bitcoin is higly volatile, value changes up and down from time to time. And at times, the current price and the capital is also important to gain profit, the bigger your capital, the bigger the chance to earn more especially during this dip season and sell only when the price spikes will surely contribute to increase value of bitcoin and profit. |
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I started trading with USD.200/- in December of 2017. The market movement was very active that time, the bitcoin price was at its peak and altcoins was expensive. As expected, I loose some at the start but with the help of my support group I learn some good techniques. I was able to get good profit for a newbie. However, this days trading is quite different so it is important. It is good to buy btc due to dump price even at USD. 100/- and start to trade with cheap coins. You will only master trading by being patient and doing research. Constant monitoring is really one of the key. Eventually you will be surprise that you are earning big amount.
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After the peak of bitcoin which took place in the last quarter of 2017, everyone witnessed the big and continuous from the beginning of 2018. The market became a little slow till then. Therefore, I sincerely hope that in the next quarter bitcoin value will rise up and regain as everyone awaits. It is good to spread that volatility is a good characteristic of bitcoin that will increase its value thru positive news and trends that will create financial security to all investors that 2018 is one of the best year of bitcoin.
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With the remarkable rise of bitcoin users and investors, banks are now formulating their ways on how to keep up their services and earn profit with the current trend such as cryto currency. I guess if they offer bitcoin deposits, it s like US dollars that rate depends on the current exchange rate and will not be always fix like the fiat money. It is risky on both parties and will need a lot of studies to come up with the best idea.
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