Hold steady, spend only if you have to, no need changing your spending habit or dumping your bitcoins because the price is seemingly going down. I can speak only for bitcoin, the rest I don't really trust aside from ethereum maybe.
If day trading, obviously different rules apply, If the price hits your chosen stop loss, the best thing to do is to sell as soon as possible, This also applies to when the price hits your desired target.
I also usually hold and prefer to do that, but in case urgent requirement, I do sell or spend my Bitcoins. I would advice the same actions to perform, sell only if its necessary. I am talking about the Bitcoins you acquired by selling goods or services, and if you are investing then mostly you should not require to sell as you should have known your requirements before investing. Sometimes, you also need to sell your Bitcoin when it reached highest price like $6,000 in past days. That is an opportunity to take profits and you can buy back when the market correction the price of Bitcoin. Ignore it just make you waste your opportunity. |
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There are several reasons as to why people prefer using bitcoins than fiat currencies, I would say that those of who knows about the crypto market and bitcoins will be interested in bitcoins and block chain technology rather than using fiat currencies, there are many factors which attract people to this cryptographic system such as highly secure than fiat currencies, ease of transaction than traditional banking system and highly economic in terms of cost of transactions worldwide. All the transactions is recorded in the public ledger, blockchain and everyone can keep track of all the bitcoin transactions in the blockchain technology. Some people take advantage of destroying the technology by using this for criminal activities like drug trafficking which is also done using fiat currencies, some people are involved in criminal activities even before the advent of bitcoin and blockchain technology, so there is nothing to pin point on bitcoin system of criminal activities.
You have the point but I guess if a person is really a wise investor and handling his/her money, then that person will going to use both bitcoin and fiat money. The reason is that, I really don't want to use bitcoin to buy for simple things and cheap ones because the bitcoin transaction fees is quite high for that - it is rather fitting to pay for fiat money to small things like these and use bitcoin for sound investment. Just check the Bitcoin rates, you can know it not useful to pay cheap goods. Bitcoin like Gold about this case, Gold also can not use to pay cheap goods, but you can use it to save money, investment, jewelry, ... So, FIAT still has an important role to help us pay anything for daily. |
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It seems a good price for me to buy now.. i doubt if it goes below current price..
This is Crypto mate. I forsee more dumping in the days leading up to Bitcoin hard forks as those moments will be "rush hours" Majority of token holders will dump just to get their hands on free BTG money. Anyone who missed BCC free money won't miss it this time. So I don't think we're at the bottom yet. No, I think we are at the bottom. But maybe, it is also the begin of bearish market. Example if the whales want to take advantage this market to make all cryptocurrency and token dump to lowest price in a long time and withdrawal their profits to FIAT, that is really the panic time and the end of this market in this cycle. |
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It's not that reliable if 1 satoshi will hit that 1$ because as I have known the price of 1 satoshi was just like lesser that zero value or more like no value at all. That's why it's impossible for that to happen so far.
it's not "no value at all". 1 satoshi is exactly 0.00000001 of 1 bitcoin. 1 USD is 0.00022715 BTC. That means 1 USD is 22,727 Satoshi. It's not that far  Being realistic here, if 1 satoshi = 1 dollar then 1 bitcoin will be 1,000,000,000 dollars it's just too good to be true even if it have a chance to occur there'll be some problem, for example the fee, average fee for now is 38,420 or 0.000038420 then it would take $38,420 just to send a damn transaction and get normal speed of confirmation, whoever send money with that big fee, plain dumb. 100,000,000 satoshis in one btc, but yeah, I agree about fee - it will be enormous. But. Maybe until then somebody will invent some algo better than PoW, cause PoW is too gluttony for electricity. Without that problem fees can go cheaper. Agree, I can not to wait for the price of $ 1 = 1 satoshi, I hope to happen a maximum of 10 years, although it looks impossible but the price of $ 4500 nobody thought a year ago. 10 years? Are you kidding me? Never, that future never happen even Bitcoin still survive after 1 century. You must to know the total supply coin of Bitcoin. 21 million Bitcoin, if I calculate to satoshi, I can not imagine this number, because 1 Bitcoin = 100,000,000 satoshi = 100 million dollars if 1 satoshi = 1 $, it is unreasonable. |
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bittrex support BTG. the future There must be a lot of wallets that support BTG. In addition there are many sites that can deposit BTG
It does not support it as a matter of fact they say they don't trust it but they will give to anyone that wants it. They are NOT listing it. Actually they not fully support bitcoin gold as the statesment they just efforts to credited BTG to all user on Bittrex who have bitcoin in their account. And does not guarantee BTG will be listed there If Bittrex exchange support user receive Bitcoin Gold, it means Bittrex also accept Bitcoin Gold and will list it on their exchange. There are many exchanges do not guarantee list Bitcoin Cash in past time, but after support user receive Bitcoin Cash, these exchanges also listed this coin (Poloniex, Bittrex). |
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To be successful in trading, you first need to be both aware and informed.
You need to understand how the trend works, when to sell and when to buy.
If you're in a business engaged with Bitcoin, then you need to expand your market by introducing yourself to the bigger community, and have people talk about you.
That's right, especially you are exchanger. An exchanger can succeed or failure depend on its relationships, if you do not know a lot of traders or investors of Bitcoin, you can not help them exchange Bitcoin to FIAT and vice versa or introduce newbie or someone join to this field. |
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I have just received my first income in bitcoin. I don't buy anything yet, my plan is to keep it in my btc wallet and I'll just wait for the right time to sell it.
Just hold your bitcoin as much as you can and based on personal experienced, don't go to much to read the news about bitcoin because you will get affected and may sell your bitcoin in no time. Unless you are trading cryptocurrencies, reading bitcoins news should be minimal so that you can just focus on holding your bitcoins. Nope, even when you are trading cryptocurrencies, you also should not to read any Bitcoin news. Remember, the news can make the price of any cryptocurrency increase or decrease, depend it is bad or good news. Beside that, it is a hidden knife can affect your emotion and also make you have wrong decision by your mentality not stable. |
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This ICO stuck at 5 million don't you think? Nothing changes from few days. I was sure there will be a lot of interested investors.
I hope this last few days of the ICO we can see more investors putting their money. The price will increase if bitcoin will start to pump again but I guess at this moment what is important are the number of backers than the increase of value on investments. Actually, we can know the potential of this project is really or fake after listed on exchange. Example COSS token, this is a project from an exchange platform, but it has worked good, only after 2 weeks, the price of this token can grow 700% and stable in that price in few days. Therefore, to be honest I think ATLANT also can grow like COSS project, ATLANT already owned a platform and support for trading, so ,why do this project not grow? |
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Certainly because profitable, if not profitable then I would not be interested in using and invest bitcoin. in addition, for bitcoin transactions is very good because it is cheaper and faster than if we transfer money via banks, in comparison is if we transfer the bank to another country cost about $ 30 but with bitcoin not more than $ 5.
Investment-wise it is profitable and one can easily realize profits if he invest a great amount of his estate into bitcoin. I will choose bitcoin any day for my international transfers because it saves me a great lot with the help of local exchanges worldwide. I can agree your opinion is choose Bitcoin for international transfer money, but to be honest, it does not mean you can easily get profits through invest into Bitcoin. You have to remember Bitcoin is also an investment form, it always risky and can makes you lose your money anytime. Therefore, invest in Bitcoin is also risky and you should to be ready with any situation. |
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Is it better to save money in bank or invest it online, in real estate or maybe gold?
For me all of the above. Save some money and invest the rest of it. I believe in this quote " Do not put all your egg in one basket" Every one will follow the same rule but in some cases people might confuse about investing in different sectors. At the same time we have consider always invest with the profits you make from investment. If you don't follow these rules you will end up in loss. Even you can follow your rules when you invest, it still does not mean investment can guaratee help you have profits forever. If your strategy, prediction are wrong, it really becomes meaningless when you look for profit. |
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I like the project and the concept of this UTRUST! This future online payment made easier for me!!! I want to know more about Utrust. check out their whitepaper. This is nice project and team is active Thanks! I downloaded and checked out their whitepaper and I'm empowered by their vision. I will definitely use Utrust and invest on it. They got what's missing in the online payment market especially their customer payment protection. This will protect my physical and visual purchases! thumbs up for that!! I also think that payment protection is the most important part of their whole project. Many people appreciate having one. users protection is very important and i belive in UTRUST and its developer that somehow they can provide us the security we need in cryptocurrency. How do you escrow goods which cannot be validated?
That Ethereum address containing UTRUST tokens was a good example.
The seller and buyer cannot trust the escrow with both the private key and the public address. The escrow cannot check whether the private key unlocks the public address.
Do not complicate things Try to read the whitepaper and you will be enlightened. "Enlighten me then"  But seriously read white paper and you will know everything that you should know Alice sells the private key of her Ethereum wallet to Bob. Bob pays through UTRUST. Alice is notified that the money is in escrow and sends the private key to Bob. Bob claims the key does not work. Alice opens a dispute. Tell me how the UTRUST Mediator resolves this transaction. I think this situation is impossible. No one buys private key of Ethereum wallet from others. Because the key cannot be changed. How can they use this wallet if the old owner still has private key? He just wants to keep safe his funds, that is the reason he wants the buyer can send Etherereum to Escrow and Escrow will help him exchange that amount to 5000 dollars. Then, when Utrust toen can transfer, he will send Utrust token to the wallet of buyer and he can receive 5000 dollars from Escrow, do you understand? |
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With the news of bitfinex stopping all US accounts I doubt the price will keep pushing up for long
The price of bitcoin will reach to the sky whatever if some government do everything against but they cannot control bitcoin because bitcoin price is increasing and unstopable therefore now countries are willing to make bitcoin as a payment method. The main advantage of bitcoin is decentralized. So it's not control by any one or any governmental organization. Even China had try to ban the bitcoin from his country. But it was not all possible. Due to China impact ,price of bitcoin reduce some how. But again it get back it's originality. That's right they cannot stop bitcoin to increase its price which is good for everybody since we are all expecting that bitcoin will rise. And as of my last prediction, $6000 now is happening and continues to rise. So maybe it will still rise until $7000 this year. Nope, a bubble like Bitcoin need to keep its price if still want to alive and continue to increase in future. The price of Bitcoin really made many troubles for the world's economy and the life of many people in anywhere. In my country, at present, there are many people give up their job to join this field. That is the reason Bitcoin should to keep its value if it does not want to become the object to get ban by the government. |
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Bitcoin Cash hodlers are mad because btc is over $6k...
You're screwed
I kept my Bitcoin Cash because it's peanuts compared to Bitcoin anyways. But I would never ever think of buying any. I kept mine too and never think of selling it not because I am a fun of BCH but because its a free money so might as well if it really going to more valuable in the future. I just don't think it's worth the effort of backing up my wallet and forking it... If it increases its value by a lot in a few years I will think about it again. Where is the source of Bitcoin Cash? That is the original Bitcoin - Bitcoin at present. So, if an altcoin clonned from the original Bitcoin can has high price in someday, do you think it is really easily to create more Bitcoin like Bitcoin Cash and receive a huge profits for anyone? Think it again and consider my words. |
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I think in short term every thing is possible as we experienced high increase in prices of most of major altcoins such as Ethereum. But in long term everything depends on what will happen to Bitcoin.
In my opinion in future we will have only one acceptable cryptocurrency. If Bitcoin can solve its problems like high transaction fees that you mentioned, It will be that cryptocurrency. If not we should wait for another cryptocurrecncy that will replace Bitcoin.
We should also consider another important issue which is governments decisions. In future after accepting bitcoins by entire world, Governments would like to have more control on the system. We should wait for their decision whether they want bitcoin to be that major cryptocurrency or not.
thanks for the great answer. I think esactly the same. One acceptable cryptocurrency is the future. And government pressure into that coin is the thing to discuss in the future. But if governments try to control that system, alternative coins will survive in order to eliminate the pressure.. Clearly, you do not realize we have bitcoin because we do not want the governement to tell us what we can or cannot do. Unless they stop all internet, they cannot stop us. If needed we can expand zcash/zerocoin and ignore their dictate. Maybe if our government change our economic status it possible we have better future in bitcoin and as well the alternative coins like eth,bitcoin cash litecoin etc. better acceptance to the change the digital era of crytocurrency in the world.Unless we support them to become one accept cryptocurrency. Honestly, if the government can accept Bitcoin at now, we still can not using Bitcoin for daily. First, Bitcoin can not use for daily because it has high fees, need much time to wait confirm any transaction (average ~15 mins per block with highest fees). Second, Bitcoin system still bad and small, it can not receive a huge of numbers transaction in a short time. There are many examples can prove this problem. |
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As of today's Bitcoin rate, it is better to sell it because I think thay this is the highest rate of Bitcoin. But before you sell it, you better to read new about the forecast if this will get higher for the next week or month. You only need to buy if the price is low.  The price of bitcoin as of yesterday was the best price to sell bitcoins as today price has decreased so better not to sell now and wait for next couple of days for the price to go higher as I think anything above $6k is the best price to sell and if you have some extra money then you can buy some of them at current price. We have 2 times to sell our Bitcoin at $6,000 price range. I have checked the price of Bitcoin and after dumped by many traders took profits at $6,1xx and dump to $5,8xx , the price of Bitcoin has bounced to $6,000 again - the best time to sell if you have missed chance to sell at this price. |
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I see from the early sales project was so good and pretty much achieved, now it started there a decline in sales. is it because of the issue of hardfork for BTC
Currently, almost ICO projects all have this trouble. We can not negate the influence of Bitcoin and its value in this month. So, some projects has changed the time open crowdsale and make many investors feel confused. But I still believe Genesis Vision can succeed. This project has done very well in pre-sale. |
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There are only one particular response in this thread and 1 concern to reply the question on the title.Is bitcoins use for payment for an medium of exchange?yes is the response proper for that reason bitcoins is income just like usd and other fiat currencies about the globe.
Yes there is no doubt that it’s a digital currency and it work same like other currency you can buy things and you can also pay bills and you can exchange this with other currency so bitcoin is totally currency and you can learn a lot of things here as well you can trade here also and the good thing is bitcoin is now available almost everywhere. That's right! You must to know we can use Bitcoin to exchange anything because we can use it to exchange to FIAT. And then, from FIAT, you can buy anything, it like Gold, an asset can exchange to money. But, the interesting point of Bitcoin is you can use it for online payment. Almost transaction created in this forum are using Bitcoin to payment, as my salary from signature campaign. |
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I think that is impossible because we still need the bank as a medium to withdraw funds from bitcoin wallet against the legal currency in our own country. However, if bitcoin is legalized all over the world, the bank may still exist but bitcoin can enter as a recognized currency in the bank and can be used for direct transactions.
Why do you need bank as a medium? You can convert Bitcoin to fiat cash online, using any of the exchanges. Or you can use pre-paid debit cards and load them with BTC. Once this step is complete, you can either use the funds for shopping, or you can withdraw the money using any of the ATMs. Banks are not needed at any point of time. Why not? In my opinion, the banking system still has an important role for daily. If we have not the banks, we can not exchange our money. Of course, some people will say when Bitcoin become legal, we do not need to have bank in that time. But remember, on the world, there are have many people still do not know use Bitcoin, even Visa/Mastercard as my parent. |
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Bitcoin Cash was a good addition to my bitcoins Sure but now? What's the point of it, it was artificially pumped to like 900$ and then dropped so fast to like 300$ and now it can't even reach 400$ even tho, bitcoin went from 4000$ to almost 6000$ Bitcoin cash is trash, there is no real support by anyone for it, if you want an altcoin, use litecoin or ethereum Given the situation of hard forks in near future, difference in various developer caps are showing up. Many are believing that the bitcoin cash might be the nearest to bitcoin after hardfork. By nearest to bitcoin mean what satoshi intended, described in his whitepaper. It is true that bitcoin has been pumped and dumped so that many were left high and dry. However if you see the progress so far, bitcoin cash has not faded away as failed project or fake one. bitcoin cash is still in top 5 crypto currency from market capital perspective. Right now there is too much confusion considering what would happen after the hard fork. People need to be very careful during this period of bitcoin forking and time after that. You might as well just use other alt coins instead of bitcoin cash. It's only on the top because a lot of people got bitcoin cash for free. I don't think market capital means much and it can change drastically in days, even hours. I personally think that hard forks are eventually going to fuck bitcoin for good, it's annoying to have to pay attention to them every few months it seems, eventually people will switch to something else, as you said but I doubt it's bitcoin cash. The reason help Bitcoin Cash can cause attention of many traders is those traders are the people had bought it at high price and still holding it until today. Of course, I understand the emotion of them at now. But they do not know the fact is Bitcoin Cash is just a temporary profitable. It will die soon. |
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Just proves that bitcoin is truly global and do not need a single government supporting it in order for it to survive or even grow in terms of price. As long as there are investors and users, bitcoin will hold a value, globally. We may experience a correction down to around $5000, but after that, i expet price to grow a lot more. But you must to know, the decision of the government still enough to make the price of Bitcoin dump in a time, example the Chinese government has banned the ICO market and some cryptocurrency exchange in their country. Of course, for long term, these things is nothing with the growth of Bitcoin, but important the Bitcoin community and its user still can keep their faith on Bitcoin while the government ban it.  |
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