Trading in crypto = high risk money management.
If you would like to make some profits, better to invest in real and serious projects, also you should make a big DD before this.
Risk is part of our life and we will have to admit and face it just keep learning and don’t underestimate any thing. Try to increase your knowledgeable stuff it will help you in making pro fit profit and avoiding mistakes. Trading has bright future we should rely on each other for learning and having profitable trading. Risk is a part of trading you should know how to manage and handle this stuff so that you can earn profit and be a knowledgeable trader. We all know that crypto trading is very risky most especially to newbies so all I can say is that before you enter the world of crypto trading you must study, study and study also have a lot of research regarding on this things first in order for you not to lose your money. |
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While bitcoin was still so cheap after declined price happened I suggest that investing the $1300 can be a huge opportunity for us, because if one day price will bounce back higher like form previous bull run you can even see your funds to be doubled or tripled. Don't ever lose your grip and continue to hold your asset even if you see price fluctuations, just learn by those experiences of other expert traders so every advice could provide you more strong foundation of skills.
That's right, grab this opportunity while bitcoin is very cheap, this is the right time to invest. I think all you need to do is to have a research online on where you can invest your money or in which crypto exchange you are going to buy bitcoin(local exchange). There are a lot of exchange sites that you can be able to invest your money. Also if you are afraid to take risk losing money in trading then maybe you can invest it into business. |
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Bankers just want to make money. In a world of negative interest rates and low volatility, cryptocurrency offers the chance to make loads and loads of money because of how volatile it is.
Probably because they can say that cryptocurrency does not threaten global financial stability due to lack of interest. I have a doubt, in the long run, they might regret what they say since cryptocurrencies for now and they will see now how good it is and very well known to many countries around the world. There are already many people investing in it because they find it more profitable rather than investing in the bank. |
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Yes, that right! In your situation, it is a very good time for you to earn big and starting trading with BTC. All you need to do is to learn what coins you'll need to invest with. You should look for a coin that has a good potential to increase. Also, you should search first the trading sites that are trusted by many people.
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Well in my own opinion and base on my research bitcoin is still not in the top 30 currencies in the entire world but it near to be number 30 and I look forward on that to happen. This time bitcoin will have a higher chance to be on top 30 because it is now well known and more people are now using it compare before. This is also the goal of the founder of bitcoin, Nakamoto want bitcoin as a number one digital currency on internet.
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Before making a huge withdrawal I have asked a bank consultant which documents they will need as confirmation of legality of my assets. And told them that I earned it from bitcoin price increasing. They told me that I should prepare any legal documents which are confirming my words e.g. invoice from bitcoin buying and invoice from bitcoin selling. I had those documents since I have used Swiss bitcoin brokerage instead of exchange. So after big amount was loaded to my account I had closed those 2 invoices to my bank account documents and no any problems happened. So I have confirmed that my profits are from investments. I am using Austrian bank and Swiss bitcoin brokerage.
This is a good step but I think not all banks are the same. Because when you are talking about crypto they most probably not allowed on that kind of service. Well on my own point of view as long as they won't ask me about my private tansactions then I would never tell them and I think there is bank secrecy so they can't force you to say where are your deposits came from. If they insist then you can transfer to another bank. That's it. |
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It's real problem i was face more time in fact cryptocurrency understand is more difficult, basically BTC price Its value is not as easy to estimate as it is very difficult to figure out where tomorrow price can go. I have sold BTC 6000$ after few days i see BTC price going up 10000$.
Same as this year In fact 2019 may be the bitcoin is a good investment and hope it was broke all previous record. But now the situation is not good because it an already dump under 9000. I expect bitcoin's price will go up in 2019 but it's not possible yet Patiently for a perfect time, it would be better. But in OP's story, I was being related to that. Then, Oh.. that's so sad to hear. You badly lose a lot of profit because of that. All I can say if that don't give up easily especially when it comes to long term investment. You need to be patient so that you won't regret every decision that you will make so all I can say is that think before you click. You can lend one of your friends just for your family needs in order to sustain their daily need but if necessary let's accept the loss and the fact. |
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Well, at some point yes. There were no competitors for Bitcoin. But it is mostly famous for its decentralisation, advance technology, payment transactions and so on. Blockchain technology was introduced to the community exactly by bitcoin. So, for most people bitcoin means the whole cryptocurrency.
Good point and I don't think so. Well, from my own point of view it is so valuable not because it was first but it's because of the demand and if there is no more supply the price will rapidly increase but it is only for a short period of time since the value of crypto is volatile. The founder of bitcoin was so very famous and until now, he/she still hiding for the sake of the security of himself. So, he leaves an open-source system behind bitcoin technology so that everyone could access it and develop very well. |
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Buy bitcoin now! It is still in a low price compared to its ath in few years ago. I think this season is the best time to buy bitcoin, but you need to know and learn that patience is needed. This is your investment you should know that it is not an easy money that in just a bit bitcoin will go higher in a blink of an eye, it takes time, buy now and wait for it to go to the moon again.
In short, do not invest if you can wait for a better result and yeah, this is not easy money. Well, I would highly suggest investing now since the value dropping down in the market. It is a big opportunity for the investors so that you can be able to buy it at a low price and then it's good for long term investment for you to earn big when the price rises again. I also expect that there is a new ATH coming either this year or next year. I believed bitcoin will pump up again at that time. |
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This crisis will come much stronger than 2008, we can expect something booming, as many countries are already in recession, and when the crisis comes, it is better to run to the hills.
In my view, the only safe investment in this scenario would be gold and silver.
But that's just my opinion.
Well, I will oppose your personal opinion. Gold and silver are a physical asset it is different from digital assets which bitcoin or in general cryptocurrency. The market price of these metal assets has a slow price movement and I don't know you can easily get profit. Well, I do believe that in the next crisis bitcoin will still remain since it is already known to many people easy to hide your asset or even you as a user as well. Bitcoin price may go at a lower price but since the value of it is volatile we can guarantee that the value of it will rise up again no matter what crisis may come. |
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'do your own research'
It actually gave me more confidence in trading and learning about cryptocurrencies. And not to follow some random guys on Twitter or signal providers and stuff.
Yes. Make your own analysis and research on your own. Do not be dependent with other people's suggestions because their suggestions might only work for them but not for other people. And invest only what you can afford to lose. Crypto investment is very profitable especially if you have special strategies applied on it but we should not invest our whole savings in it because there is still no guarantee that we can reap good profits all the time. Losses is also inevitable in any types of investment. It is a very well said statement, that is, make your own research and don't rely on other's work. And also the best advice I ever heard in case of investments is patience, this is involved your emotion that you should control first. This is a very important thing when it comes to investments and all because if you are not patient enough you might lose almost everything that you invest just because of panic selling. Especially when it comes to cryptocurrency that the value is volatile. |
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I have heard some stories about making bitcoin transactions illegal. It's all been a humor and I don't think any government have officially made bitcoin transactions illegal. Why is that?
Well I know a few countries banned the usage of bitcoins entirely. Not even on people in the country is eligible to make use of bitcoin and even buying it is illegal. There are few countries where bitcoin is banned and not available to the public like Saudi Arabia and a few more countries. Then the rest of the countries in the world are free and legal to use bitcoin in any way they want too. They can use bitcoin on the internet and bypass the law that they had. Using a VPN to change IP addresses is a very easy thing to do. But here is the fact why most governments banning cryptocurrency and once you abide, you were put in jail. Well, most of the reason why governments illegalized bitcoin transactions because of the drug lords, criminals and terrorist that are transacting through bitcoin and the government has no access on it the reason why they don't get caught. |
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But many people say that bitcoin will go up high in 2021 what do you think about this? I think I can only buy from now and never regret even though it is down again my prediction Bitcoin will go higher.
Let me answer your doubt here. Who knows and no one knows, but those people who are crypto enthusiasts who believed that bitcoin has new ATH and should have the next halving. They are expected on that by next year or so on. Well, about OP's concern the $100k value is really big. I don't think bitcoin can reach that value real quick but anyway we don't know what will happen in the near future but I do believe that reaching that price will take a long period of time and I am sure it will happen. |
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Of course not. Its like about two years since my first btc investment. I gradually selling and buying it until I got the right price. Its better to have part of your fund to be invested in btc rather than nothing at all. You can diversify your assets to be able to grow it whichever it may flourish.
But you forgot to understand how risk possible happens is. Investing in bitcoin is not a mistake decision, despite this is a good opportunity, but as I say you need to know how risky it is. Well to those people who are new to bitcoin it's normal to be afraid but in the long run, you'll be able to get used to it. Bitcoin is not like fiat. Its value is volatile so it may rise or fall from time to time. All you need to do is to patiently wait for its value to rise up again. |
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In my country now, bitcoin is becoming less popular and people started to buy it seldom because of some default which happened to it. Perhaps, it will be better soon, I might hope so
In that case, all I can manage to say is bitcoin has been through a lot in its journey till now and if we look at the overall performance as an investment, then it has not let down those who put their trust in it and waited for the right time to make profits. Bitcoin is the future of money. Just due to present changes, leaving it is not a wise decision. Such people need to grab the worth of this digital asset better. Absolutely yes. Bitcoin is a cryptocurrency the reason why the value or price of it is volatile. It may rise or fall from time to time, unlike fiat that is more stable. Anyway, if you will invest in bitcoin in a long period of time you'll be able to get used to it. |
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There are certain rules of successful trading, but most of us forget about them.
- Having opened an order, you have already chosen a strategy for yourself.
- Do not invest more than the amount you can lose - this is not more than 15% of the deposit.
- Make sure that the amount of losses does not exceed 1% of the deposit.
- Treat even negative experiences as one of the stages of learning.
It's very well said and this is the fact. In my own opinion, the most important thing in trading is that you should have a research on the site that you are going to invest with and also you should search on the coins that have a higher potential so that you'll be able to earn big. I also should be patient all the time. And the rest is on the above suggestion and that is a good idea. |
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Over the years cryptocurrency has evolved into a global currency but governments are trying to sweep it's relevancy under the carpet. We all know that the eyes of the community are now opened to the importance and blockchain technology.
What baffles me is why are the government making lives difficult by banning or limiting it's use? Is it because it threatens the political power or are they scared it will improve the global economy or force the traditional banks to reduce their ridiculous interests rate which we have been robbed of for decades now.
What is your take on this and what do you think will make governmental bodies to finally accept crypto?
It has been an issue for so long already, I think crypto threatens the government because of the fact that they wouldn't be able to regulate the rotation of the money anymore since crypto is decentralize. Another thing could be the fact that it gives anonymity to all the users making it easier to conduct illegal transactions. There are a lot of possibility on why but let us just show them we're using crypto properly. Well, Cryptocurrency threatens governments due to the reason that there are more and more people are now investing in it because they find it more profitable rather than investing in the bank. Also, there are criminals that are transacting through bitcoin and the government can't track it. In short, the government afraid that in the future bitcoin will become their big competitor when it comes to a financial status which is usually happening. But as of now, only illegal transactions were putting shit into the image of bitcoin government think that this is not good for their community. |
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Investors. People who invest in bitcoin make it valuable.
Simply saying that Bitcoin becomes valuable due to its demand, it is true indeed. But another reason for why it becomes valuable is simply because its money. We people valued money, It is the medium we used for having transactions. We do not use the old fashioned trading of tangible assets to get another asset. That's right, it needs massive adoption that will help to increase the demand. The thing that makes bitcoin valuable is because of the demand for it. If the demand is high, many people will be able to invest in it the reason why the price rapidly increases. Most especially if there is a lack of supply the price quickly rises and the lower the supply the higher the value of bitcoin. But sometimes there are some instances that the demand and supply of bitcoin were playing by the whales. The reason that bitcoin is highly volatile, it makes more valuable but sometimes it is cheaper. |
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~snip~
This information was very useful especially in these days. We should be very picky when choosing ICO and investments. A lot of projects doesn't really have a unique feauture compare to others and what they only do is to make project and get money from investors. This was really happening today that is why we should be aware in this scams and fraud. It is better to have a research first before investing with this projects. On the other hand there are still ptojects that offer great features which really help us It's very well said, isn't it? Every one of us have different strategies and technique not to fool fraud. In my own opinion, in order to avoid or prevent fraud, you should always do some research or background check before you are going to invest or pay. That's is very important and also don't you ever give your personal information, username or password to someone if you don't know him better. Just take even 1 day of research about them, in that way you can lower the possible risk. |
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Hello:
I am new to cryptos and I must say that my first experience has been a bad one, I recently visited antminerusa.com and purchased some hardware, that was about 10 days ago, I paid using BTC, now the site is no longer available, its been down for 3 days maybe a bit more, this lead me to think this website is a scam. Now what should I do to recover my BTC, if the purchase where made using a credit card, I would report it to my bank and they could void or cancel payment, but with BTC what should I do?, if there is nothing that I can do, then it is obvious that using cryptos is a scammers paradise because there is no protection to buyer (that I know), unless there is a way to introduce the complain in the chain in order to reverse payment.
This is the transaction id 30dc4f431ac3db1949b330ab8cd31d1bb019d4831e24cd7cd7f4215fca73073b if anyone could share some light I would appreciete it.
You cannot actually blame it to bitcoin alone, there are plenty of people who are using bitcoin as a mean of payment and most of it are successful. You were just unlucky that you didn't checked out the credibility of the website you are buying to. Next time, make sure that the site you are going to buy with the use bitcoin is trusted so you can avoid giving out money to the scammers. Well, that's right, it depends on the site or establishment that you are going to pay using your bitcoin. You must check first if it's legit and also you should check first the review and background of that site or establishment to avoid any problem with your transactions because bitcoin payment is not reversible. Sometimes laziness will bring us into a failure transaction, we must take this a lesson to learn and don't let it happen again. |
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