I agree except on the number 6, well it will help you a lot if you have a big capital but it is not needed. Real skilled day traders can make their capital grow really fast.

Professional traders just make sure that within a week or months they will have a profit because you can not win all the time. You will win some trades and definitely you will lose some trades.

For the OP, this is where you will find skilled traders when the market is bearish and they are still getting profit.
Candle charts alone is not an effective way you also need some indicators to predict.

Nobody believed that he is the real creator of Bitcoin AKA Satoshi Nakamoto. He was not able to provide any single evidence that he is. Also as far as I know he also retract his statement. Now he is actually sued because he is the only one that admitted he is Satoshi.

For the topic hacking has been a problem ever since and to be honest the only thing we could do is be vigilant. Always think before you click, is the link you are clicking is legit. Specially if it was sent at an email. also do not download anything that you are unsure who the source is.

Yes ,it is true that the transaction fee maybe bigger than the coffee itself and using your bitcoin maybe a stupid decision but if you look on the big picture this is a start of something big. If a first world country can implement this probably other countries will follow until we realized that we can buy a car using bitcoin without taxes.

As of now on our country the tax is 12% if you buy something and actually bigger on cigarettes and alcohol.  Imagine how much we can save if we purchase a house or a car using Bitcoin.

I know his a newbie  and did not provide any reason why there will be a crash, possibly he is just creating FUD but what he said make some sense. I do not know if he considers it a crash ($2k down) but it is possible that we may go back to the $9,000 level. I think this support level will be tested again. I think Bitcoin price will move sideways  bouncing from $9k - $11+k before another bullrun.

I am not asking you to believe my analysis but this is what I see in my chart. It is all chart plotting no emotions. 

As others said it is not really safe to store your coins in an exchange specially if you have a large amount of it. Just keep 20%-30% of you coins if you an active trader. If you are a long time holder it is safe to keep it in your wallet.

Even reputable exchanges like Bitfinex Binance etc can be hacked. These exchanges should work on their security but i do not hear any news that they are doing something about it.

Yes, It is more similar to Foreign exchange  and usually main trades can be done by BTC/altcoin or ETH/ALtcoin, of course there are some who offers USD? BTC ETH  LTC. You can also notice that price from other exchange may differ from other exchanges, which if you are fast and good you could take advantage of.

Technical analysis has the same concept. You can use FIB, EMA, MA candlesticks etc. but predicting it is actually harder. Also volatility is way different. In this market you can get a gain of 50% within minutes but also you may see your self getting a loss in minutes as well.

With stocks you can see right away if the fundamentals are actually BS. With Crypto specially with ICO sometimes it is hard to predict if it is a shitcoin, you need to do an extensive research if you are going to invest in ICO. 

Yes it will. It has been years that countries are mostly using electronic money/debit card/ credit card.

The reason Bitcoin will survive is because of it's characteristic that make it attractive to people, decentralization and privacy.

Even if we are living in absolute zero paper money and everything is digital it is still controlled by a few people.

Also we all know the hassle in creating a bank account or even sending money using paypal or western union, specially if you are sending a large amount.


The real question should be if we are in a cashless society do we still need FIAT.

Thank you for the opportunity Yahoo

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I do not think that it will have some effect on the market. He mentioned that he was a victim of fraud. I hope you have some link it will be an interesting read.

Anyways a computer genius like Wozniak the real inventor of Mac, was a victim of fraud/scam. People should be more vigilant because this fraudsters are getting creative everyday to take our coins.

It is really wrong to compare because they are totally different.

Also there is a factor on how much is the capital for both.  For mining it will also depend on the country you are mining from because electricity cost differs from each country.

Miners more or less has a stable income because most likely their income are the same every month (taking about earned bitcoin not dollars).

Traders will depend on who is behind the computer, really skilled traders can double or triple their capital in a day/weeks time.

Yes I think it is here are the few similarities of them.

They are both scarce: there are limited amount of gold that can be mined in the world. Bitcoin is also limited and the more mined coins the harder it will be in the future.

They are both great assets to invest. Although more traditional investor will choose gold,Bitcoin is still a wise choice because on the years past bitcoin have only shown an uptrend.

Advantage of bitcoin is you can send the money right away unlike gold that usually it will be check because gold can be counterfeited and bitcoin can not.

It seems that you are panicking just trust the technology. This is just a small dip and possibly the $8000 or $9000 support level will be tested again. Just take adavantage of this dips instead of worrying that bitcoin will die.

As we all know no one can predict it. If we are optimistic we may believe McAfee that it will reach a million dollars, But as we all know bitcoin is just another product of blockchain technology. There is a possibility that a new technology might show up and eclipse Bitcoin as the number one coin. Let's just hope for the best that bitcoin is going to stay even after five years.

Yes because as of now we have no choice because Bitcoin is not yet widely accepted, most of the time we still need to use FIAT if we are going to buy something. Blockchain technology is not yet fully realized. If Bitcoin/crypto is widely accepted then that will change, but i do not think that this will happen in the near future.
It may take while before we see this happening but I think it will we just need to be patient. 

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Our country is Bitcoin friendly as one of the major wallet coin.ph was recognized by our government. Also they officially recognized bitcoin as a legit currency.

I think the next step for them is trying to tax crypto currency gains which i have mixed emotions.

Well that is not how trading works.

What you are saying will never happen in any trading market.

I have heard that a company is planning to have a bond using Bitcoin, if that is actually true then you can get some bonds on that company and there will be a lock in period.

Unless you have some psychic power to see the future then you will not know when there will be a dump. The best thing to do is try to predict it by using your technical analysis, of course it is not certain but at least by time you will be better on your prediction.

Since you mentioned you invested on ICO and if you are day trading then make sure you have a target price and stop loss. Sell the coins that reach your target price or stop loss.

Exactly although investing in ICO can be more profitable always be careful with some ICO who just want to scam people.

Bitcoin is the king of crypto you can still make profit , it will just depends on the timing.

For ICO it has a lot of work, you need to do more research when investing in ICO, check who are the team behind the coins.

You can start researching here at the forum as there are a lot of coins that has great potential in the future.