First of all you must be familiar with the kind of business you want to start to, it should be at your interest and passion too so that you are always inspired and motivated to work hard everyday, and course you must be prepared also on how to run your business from budgetting to marketing lines and proper management, in that way, you can easily see the road to success
In success of a business, what really matters is market which someone is targeting and where he is establishing it. A person who wants to start a business of fast foods but open its shops in areas where either people don’t like eating such stuff much or there are already many well established competitors that are largely trusted by common public. Other than this, my advices would be the same as yours. |
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The only choice is to the moon? Those other choices were very low and I don't want to take any sentiments from those prices. Too many people are vouching $2k, why many people are too pessimistic about bitcoin?
We can't help those people if they only see the negative side. Maybe they want to see it at that price so they can collect more and more and start buying once it was reached. We don't know if that is for real but this is just a poll and only few participated. It is natural and just like a movie. If there is no villain and no thrill in the movie, it will be a boring film, but when there is a horrible villain people take interest in that movie. The same is here in crypto world. Some people do not want bitcoin to be spread in the world. That’s why the give such a false statement about bitcoin to prevent people from investing. |
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Surely,BTC coin hits 12.5k$ .But it will drop to 8.5k$  Where did you get the idea that the idea that the price will go up to $10,000 and fall done to $8500? Your comment makes no single sense to me cause you have nothing to prove for it. Lots of experts has predicted that the price of Bitcoin will even get close to $15000 and keep on going up, why will your own be different. Do you just say whatever that hits your mind just to make a comment? |
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Actually, people are now getting so practical, holding is such a way to avoid from losing but as market fluctuate every time seems to be not in practice. I mean, only few people are now on the way of holding that's why market trend today aren't be predictable and it is very often for changes.
Holding is not the best way to avoid losing because you can still lose a lot of money when you do hold for long term because you cannot see the future that the price will continue to climb up and the best way for me to avoid losing is to have a proper plan for your investment and always have a cut loss target so you will be able to be safe from getting huge losses. The thing is, if you plan to hodl, the market will go up and it will go down with you simply watching. You won't lose then if you're not sellig during a red market. If anything, it even gives you opportunity to buy during those dips. When you hodl you already have a plan for your investment, a long term plan. It depends on our decision making how we handle losses, sometime we need to panic selling because we're depending on our status. Hodl our currency can lead us to fulfillment as we get huge money by spreading bitcoin as a good investment site .For me ,I can't say bitcoin will still exist in future but as we encourage people they can adopt bitcoin because the opportunities is so brighter. Chances for loss detained in holding. Reason is, you are just seeing the market trending downwards and then upwards. People from different backgrounds are continually coming in bitcoins and hence the demand and supply changing with every passing moment. So ending, holders have an edge to just analyze the market and wait for the best time to make a hit. |
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One of BTC's strength, which is its deflationary nature, is also one of its greatest weaknesses. Like gold, its most valued utility is as an investment and a store of value if one was willing to take the volatility. But theres only one way BTC is going. Up.
With that said, tell me, are you willing to spend your coins for your daily needs? Then prove it. Because I dont. The opportunity cost is too great.
A lot of new comers here in the industry have a misconception about the bitcoins because they thought that this is just a kind of investment but they are really not meant to be one. They are created as a currency that is why they are called the cryptocurrency and the bitcoins are the pioneer and before they are really been used to transact but as the people discovered the volatility they became a pure investment. I just want to say that dont be afraid to use the bitcoins as a transaction tool Bitcoin is indeed a crypto currency and that we should use it as a currency instead of using it as an asset but the thing is at this very moment, there are not so many people who knows about the concept of the bitcoin and the crypto currency because of which the acceptance rate of the bitcoin in different places is very low. However, we can really hope that things will be in favor of the bitcoin in near future. |
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I have a friend that is working in a company but still working in bitcoin at the same time and he is able to balance and manage those both because he just use a good time management which is really effective because if you plan where you will be using your time then you can be able to make good work throughout the day because it is already plan.
There is no such comparison in between having a full-time job and that of investing your money into any of the crypto currency. If you are already busy in doing some permanent jib which can help you in having a fixed amount of earning, then you need to manage your time in a way that instead of quitting that job for crypto currencies, you can do both the things at the same time which can help you in having extra earning. |
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At first, I thought bitcoin was a useless and deceitful thing. Later, I thought it was a tool for speculation. Later, I thought it was a valuable invention.
Something of value must have a price. Now, the price of each BTC is about $9,000, which is much higher than the price it has shown for the first time: 10,000 bitcoins for a $15 pizza coupon. If I were the owner of the deal, I wouldn't have dared to eat pizza for the rest of my life.
What do you think is the future price of bitcoin?
I know right but as of now it's just the beginning of bitcoin though , back to the good old days that i have over 38 bitcoin i just buy the things not necessary needed and now im starting to regret though. I think the future of bitcoin will be so much more than we expected , and now hoping and looking forward that bitcoin will reach my target price around a 15k usd to 30k usd. This is a very much interesting thing and that all of us are keen to know the future market value of the bitcoin but the sad part is no one out of us exactly knows about this thing. All we can hope is to see the market value of the bitcoin rising higher and that this will surely help all of us in making of more amount of money and I am very much sure that the market value of bitcoin will reach 20k $ by the end of this year. |
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How long should we hold coins?
In the past 3 weeks, despite all the risks, many investors have hold a large number of coins such as TRX, XVG, XRP, ADA, etc. ranging from good to bad coins including DGB, DOGE.
Getting back a little bit with the psychology of human beings: we are always afraid but very pleasure when others talk about profit. When some coin prices are falling, you only see the negative things in it: "It will surely keep falling, so it’s better to stay away". When it turns back up: "It will plunge again sooner or later?" But when it's high up then: "It will no longer fall".
As an investor, you will have to understand a coin before investing money in it. You should evaluate and consider everything before making the decision to buy and hold for a long term (for 6 months to 1 year , or at least 3 months for the most impatient investors). Because one cycle of increase / decrease of a coin usually lasts for 2 months, understanding coin will give you confidence, psychological preparedness before facing the falling prices
The criteria to assess a coin:
1. General information about that coin
2. The purpose of generating the coin
3. The dev team (do more or say much)?
4. What is the current product? In what stage?
5. Are there existing customers? Potential customers?
6. Vision of future coin? Is it realistic or just expressed in words?
7. Scalability? Can it be accepted by the public? Is it possible to apply to everyday life?
I spend little time tracking the prices. Most of the time is spent on reading news, evaluating coins to make investment decisions. I also spend only 10-15 minutes on technical analysis (It’s not because I view it as unimportant, I’m just get used to it). As a result, I have bought a lot of coin at a very good price. I bought when you were there saying: how can it increase again. I left you far behind, at present, it is greatly safe for all my investments because my investment value has increased by several to tens of times.
You can say whatever in case of rising price, even when you invest in shitcoin. However, when the price falls this low, my balance seems to keep stable thanks to my calculation and comprehensive knowledge about coins. Once investing in a coin, I strongly believe in its future. I choose the right time to buy more coins without any fear of risk!
So how long to hold coins? The answer is that you go learn more thoroughly and comprehensively about the coins you want to invest in and make your decisions.
If we study the behavior of the different crypto coins since the time this year has started, we will not be able to see some good results as the market value of most of the crypto coins have only fallen but now, things are getting little better and that the market value of the coins is improving. You just need to buy some good coins and then do nothing but putting all of them in your wallet for as long as you could so that you can then manage to make more money. Because of the volatile nature of the crypto currencies, the market value of different crypto coins keeps on going up and down and that when it falls, things get very much difficult to handle especially for the newbies. However, you just need to stay patient at that time and that you need not to make any such decision which can make you feel regret in future. buy some good coins and keep holding that coin for as long as you can. |
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I am not a fan of race sports and I don't even follow the development of those kind of sports. That is why I have no intention to gamble on such type of games. I prefer the soccer game one instead of any other type of sports.
Soccer is a game in real sense. Race sports are more like the player does not have to put much effort. It would be the vehicle doing work too. Only in running race, a person is going to depend on only his talent. Besides, you are right about this. These are indeed boring games. No fun or strategy. No complexity is involved. Moreover, betting is not a wise thing to do even if someone is interested. |
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As human nature, we all want to make a bunches and make it fast; too much temptation that incites us to gamble with our account.
In the end, only you can chase off the temptation to follow the plan.
Agreed, as what they always say "be a little less greedy", base on experience that statement really helps in my trades remember only few or those really luck enough sells on the peak of the breakout. set an entry and exit point. plan ahead! Now days people want to find shortcuts in order to earn and make easy profit but their success do not work and sometimes their fortune work out but very few uncertain. Want to make clean and clear profit or amount then choose your future investment that is related to the modern world investment in crypto, will lead you towards success. Now choose trading and leave gambling. |
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Okay so I don't really have any idea which coin is which and which of those are good to trade and which are not.
Since I am currently enrolled in yobit campaign, I figured maybe I can do something profitable with the coins that I get from the campaign so I thought maybe I can start trading.
Do you guys recommend yobit in trading altcoins?
Also what coins do you guys suggest I trade? I want profits and not loses so any tips you guys can give me are really appreciated.
Yobit is not recommended for newbie in trading like you.I think you're experience coming from campaign is not help yet in trading world.you need to learn more about trading and explore it.every traders is lose even a professional traders.if you don't want to lose you're coin then hodl it for long term. I think you can earn a good profit for that but not to fast to have good enough profit. It is very wonderful entering into trading is very good especially for those who are with low savings and for those who are with high savings can afford to invest for long term investments like Bitcoin investment is at the top and its outcome is huge for which people are struggling to achieve this coin. Trading does not need you to invest high or more you can start any amount you have. |
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I think it is time to stop, because if not now then when again, if you want to wait until we lost everything as gambling and regret it all, before all of it happen and regret later in the day so should we stop from now
You are saying that we need to stop right away after our first game before anything else? Not all people are unlucky to hit the jackpot, what if you are the one that is waiting for to just hit a jackpot? Maybe try to play a game with maybe 3-5 times then if you can't win the game then you should stop. We can limit ourselves when playing gambling and budget or financial is also one of our things to think before we set our limits. In as much as i agree with you i also think this is dependent on a person to person basis because one may decide to try 5 times , another a single time and another maybe 10 times before he decides to quit should things not go the way he expected. Setting limits for gambling is a common virtue of any serious and responsible gambler and if strictly followed can maximize the chances of any gambler in order to turn-in profit in the long run. I am not going to negate your words. It is a matter of individual level as every person is different from other. Some people are weak in head while few have good control over their emotions. I am completely against gambling and it is best to not even give this game a thought. It is master in ruining the lives of gamblers. But still if someone fails to, he should not use more than what he can afford to lose. |
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Its a bad news, but not to enough worried or panic.because they cannot ban bitcoin all over the world.I think they cannot use bitcoin now.,I hope its not a permanent. Its just temporary.,also in China people still trade bitcoin.
So far, none of the government official of China has given such kind of statement and that the people living in China are still busy in investing their money into the crypto currencies and are even doing trading of the crypto coins. The only thing which has been banned by the government of China is the mining of the crypto currencies and that they have sealed all the mining fields because of resource consumption. |
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this time the market is still difficult to predict because the price is still not stable, sometimes become green and a few days later red again, but I believe that the market will definitely be green again and will make us all happy
The market is very stable around the price equivalent to 9 thousand dollar and that is the situations in the market which have made people to invest and they consider that the stable price at this condition is giving us the opportunity to buy and achieve at the low price because soon it is going to jump again at its highest price from where it fell down. |
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Hello, Can somebody explain how to decide buying an altcoin? Let me write what I know; - Check the coinmarketcap.com and choose ones with high volume
- Check the projects
- Check the chart, if it is pumped, don't buy, wait
- Check the chart, if it is dumping, wait low volatility
Please correct and/or add other ideas to help noob traders like me I will try to give merits to good posts as much as I can. Thanks. I think your list is enough and very valuable for newbie like me and I can say you're technical trader. There's also method to decide when to buy and we call it fundamental, meaning depend news ( rumors ). For this one, you should search many news about altcoin and create calculation if the news comes up what will happen into crypto market. This is good method for opportunist trader create income, do that and good luck to you. Some creams for trading indeed. These advices are must for trading crypto currency. Besides, we should follow the basic. Buy at a lower price and sell at a higher price. Follow chart analysis and search for a buy signal. Thus we can find buying time. The only solution for this common problem with inexperienced investors is very easy and simple. Those who are new in market ask such questions and are confused because they entered into the market with not enough knowledge and that is why they are confused. Monitor the market and decide to buy if the price of your coin is low and decide to sell if the price of your coin is high and you are in profit. |
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In my opinion patience is one of the most needed thing if you are going to trade, patience and keeping calm, lol
Patience is considered as golden aspect of a trader. If someone is intending to go for trading but he doesn’t have tendency to control his mind and emptions, he will be encountering loss everywhere. Traders must adopt this trait because this trading is all about taking decisions at multiple times, multiple difference conditions and situations so being patient is tremendous additions to good results. |
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Just wanted to know where you guys think we are. Are we still in the early adoption stage?
At what stage of the dot com era would you put us at? Dial up lol?
Dude, just like the other guy said I don’t think we are still at an early adoption. There are already a lot of people that are making use of Bitcoin and exchanger like Binance are already having a lot of users, Binance now has close user registration which is being opened at some certain hours. Bitcoin has progressed a lot and it’s been more than ten years now, though we still have a long way to go, but we are no longer in the stage of early adoption. |
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That depends on how you want to do your business. If you are just a freelancer and you want to be receiving your payments in Bitcoin, then all you have to do is make use of your wallet and send the address to the sender who will then pay you, though this method is not really safe for both you and your customers, so you might need to make use of an escrow.
But if your business is something that has to do with selling products online, then I will recommend making use of what we call the Blockchain Merchant, you can even find it in mobile playstore. It’s much easy to make use of.
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People have problem if the price decreases and they again has objection when it falls. i feel pity on the coins sometimes
We need to understand this thing that things can’t work the way we want them to work because of the reason that we cannot control the things which are contributing in deciding the market value of any of the crypto coin. We need to plan according to the situation and that before deciding anything, we need to think well and that decide the best possible thing so that we may not end up losing money. |
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In the normally encrypted game we need some experience and patience. Bitcoin and altcoin are always up and down, but every bit will always come back. We have reason to believe that it will rise again at the end of this year and break through the 19K, and what we have to do now is to keep our daily work.
Digital market is famous for its volatile nature and definitely if someone has patience, he can increase his capital by good amounts depending on the coin he is holding. It is almost a decade now that bitcoin is with us and every time when a downfall appeared, it recovered and set new records.All potential coins have a great future and bitcoin is expected to touch 30 grand by the end of this year. |
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