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Risky game you are playing.
Trading without knowledge could be only based on pure luck but you have to know this will not last forever. You can't be expert from the very begininig, good knowledge and experience comes with time but still there are at least some basic information you need to know before you start. But at the end, it's your money you are playing with, so your choice.
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This is one prejudice that follows bitcoin from the begininig. But bitcoin isn't criminal tool although could be used for criminal and illegal activities, like any other currency btw. Maybe is just more convenient than fiat currencies because it's still harder to track bitcoin transactions.
Every individual should take responsibility for its own actions, including those with criminal character, and the blame for something like that shouldn't be put on the whole instrument, like bitcoin could be.
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Ethereum is a good coin worth investing. With time the price would probably rise. But I don't think it will reach the price of bitcoin or its popularity. Also, we are talking here on two different concepts that shouldn't be compared.
Many are expecting for som coin like bitcoin to appear again, some think Ethereum could be that another special coin but I don't think that it will happen twice that some coin will reach the value, adoption and popularity like bitcoin.
If you want some diversity and to split your portfolio invest in Ethereum too but don't expect to profit that much like with bitcoin.
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Everyone wants easy money without investing, risk or efforts. Something like this simply doesn't exist. Remember, there is no such thing as free lunch. Don't trust any option that offers you free and easy money.
You can get some bitcoins or altcoins in signature campaigns, which is risk free option, but as a newbie you don't actualy have the chance to participate. But you can try with some smaller jobs paid in bitcoin so you can choose some at freelancing sites.
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Is there anything in this world that can increase forever? Of course not. So that is your answer because the same applies to bitcoin.
The price is defined on the market and it's defined by supply and demand ratio. And supply is limited, that is very important. Also some other factors can influence the price like false or true information regarding regulation, acceptance by businesses and similar, although this is not so important.
You also have to know that volatility is inevitable when it comes to bitcoin and the price moves in both ways, it goes up and it falls.
What comes up, must come down, that is how it's going.
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Lack of experience, desire to make big profit in short time, to superficial approach to cryptocurrencies that are all reasons why people get disappointed and give up after short period of time. They think only on short term profit and because of that complain every time bitcoin price goes down thinking it's the end of the world.
But I don't think this will ever going to change, it's the human nature. Never satisfied, always complaining.
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First of all I don't see any collapse of bitcoin, it's just usual price correction.
Second, bitcoin and other cryptocurrencies don't fall under usual types of investment and no matter if we have the feeling that is opposite, this kind of investment is still limited on a relatively small number of people.
Therefore I would say that cryptocurrencies investments and traditional investments are not strictly connected.
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Watching new coins is very exhausting. The new ones appear all the time but only few are worth attention.
Discovering prosperous coins takes time, so you have to spend a lot of time on the market to spot coins that you can make profit on. And yet there is no guarantee you'll pick the right one. And I don't think that any tool or software can make this job instead of you, it's a hard manual job and only on that way you can achieve some results.
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Personaly I wouldn't like my salary to be paid in bitcoin or any other cryptocurrency. Not even partialy. Maybe as a bonus or some extra reward, but that is all.
It's too volatile and I like to know what is the amount of money that I will have each month to spend for my needs.
But I would like to invest a part of my salary to bitcoin but that would only be the part that remains after I cover all my expenses and that I don't need anymore. Speaking of percentage that could be around 5%.
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My opinion is yes. Without taking risk there is no decent profit. That is why trading is not for everyone and not everyone could be a good trader.
But taking a risk doesn't mean reckless investing without necessary analysis and risk assesment but a smart and concious risk taking with developed strategy and back up recovery plan with lot of knowledge and experience, a lot of spent time and some luck.
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These users have been accepted. Everybody else is denied. Also, don't reapply if I have already rejected your application, I will notice. @dollarneed and @crairezx20, please note posts in local boards do not count towards your 25 required posts. @Stephen Gornick, please ensure you make a minimum of 25 posts per signature week to qualify for payment. Welcome aboard  No problem, I will. Thank you for accepting me. |
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Btctalk name : Stephen Gornick
Rank : Legendary
Current post count : 9228
BTC Address : 3DeDaET2QetmwzyjEDg7EugFPB6Dp2PYxu
Wear appropriate signature : will add if accepted
Wear avatar : will add if accepted
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Btctalk name : Stephen Gornick
Rank : Legendary
Current post count : 9228
BTC Address : 3DeDaET2QetmwzyjEDg7EugFPB6Dp2PYxu
Wear appropriate signature : will add if accepted
Wear avatar : will add if accepted
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Btctalk name : Stephen Gornick
Rank : Legendary
Current post count : 9226
BTC Address : 3DeDaET2QetmwzyjEDg7EugFPB6Dp2PYxu
Wear appropriate signature : will add if accepted
Wear avatar : will add if accepted
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It's depending what kind of job do you have and how much are you willing and can risk.
If you have steady good paid job then it's not advisable to risk all that because of bitcoin because there is no guarantee that you will manage enough profit to cover your costs. Why not dealing with bitcoin as an additional job?
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Btctalk name : Stephen Gornick
Rank : Legendary
Current post count : 9224
BTC Address : 3DeDaET2QetmwzyjEDg7EugFPB6Dp2PYxu
Wear appropriate signature : will add if accepted
Wear avatar : will add if accepted
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Btctalk name : Stephen Gornick
Rank : Legendary
Current post count : 9223
BTC Address : 3DeDaET2QetmwzyjEDg7EugFPB6Dp2PYxu
Wear appropriate signature : will add if accepted
Wear avatar : will add if accepted
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